WHERE ARE THE SPECULATORS NOW? – HOPEFULLY BROKE AND OUT OF BUSINESS

No, I am not a rocket scientist. In fact I lasted one term at college and if you had the opportunity to speak to any of my school masters, they will tell you they held little hope for my future once I was cast out into the world. Life for me was and still is about fun and being a little outspoken. Instead of becoming a conformist and dancing to the tune of my peers, I set about becoming my own person. Sure, I am a Socialist and you’re right, I do believe in a welfare state. For me, that is a hugely important ingredient in the world truly becoming an enlightened society, where the there is fairness, justice and prosperity for all. Several American universities have over the past thirty years, studied happiness, what makes people happy and then set out to find the happiest people on earth. These surveys were scientific and included all the “ingredients” which defined happiness and guess what country contained the happiest people? Denmark. America was not even in the top twenty-five. And guess what, Denmark is a welfare state!

In America, while Denmark was working hard at creating happiness for its peoples, our leading universities were turning out baby boomers to become nasty, anti-social and greedy narcissists. The result, after 200 years of free enterprise, is the complete destruction of capitalism. For years, I have pointed to Wall Sreet and the trading pits of commodity exchanges to what I thought was going on. Two months ago I laid the cost of a barrel of oil at the feet of speculators in the Mercantile Exchanges of N.Y. and Chicago. Without the benefit of a tertiary education to understand how the forces of capitalism and economics are meant to work, all I know is the inner workings of Wall Street have sickened me for many years. Maybe the 1985 movie, “Wall Street” still resonates inside of me. It probably started twenty years ago when I noticed as companies restructured and laid off employees, their stock price catapulted up in support of those measures. Last month in my blog I facetiously predicted the government would end up owning the banks and who would have believed two weeks later my prophecy was virtually on the money.

On top of enjoying just a high school education, I am no clairvoyant or tarot card reader either, but this little person, as the “late queen of mean”, Mrs. Helmsley would have described me, tried to tell the world for years America was substituting competition in the marketplace with the acceptance of oligopolies taking over key industries. Examples; pharmaceutical, oil, mineral exploration and extraction, and finance. Once banks were regional, now four banks; Citi, B of A, Wells Fargo and J.P.Morgan dominate commerce. Oil is now in the hands of Exxon, Chevron, Shell and BP. In America Pfizer and Merck dwarf the next biggest. Two Anglo-Australian companies, Rio Tinto and BHP control all the minerals; bauxite, copper, coal, nickel, iron ore and are huge players in gold.

It was only a natural progression if Bush and his clan kept on enacting laws that promoted “less government” and further “freeing” market forces that commerce would run even wilder with further unabated defiance, greed and avarice. Now all my predictions since I started my newsletters fifteen years ago have come true. The Fortune 500 companies have decimated working America, the current Wall Street debacle makes 1929 look like a mere hiccup. Due to the greed of the pharmaceutical companies, aided and abetted by the healthcare industry, healthcare has been destroyed for tens of millions of Americans.

Is America a happier country today than fifty years ago? Of course the answer is no. Those scumbags working in the industries mentioned made fortunes out of stock options, bonuses, tax breaks and laughed at the working man for his ignorance and acceptance that in the meantime he was being taken to the cleaners. During this time, these same people and the ones on Capital Hill scoffed at Scandinavia and the direction their governments were taking their peoples. Who’s laughing now? No one in America, and that includes the very bastards who are responsible for what our nation has descended into. For me, I am happier than a “pig in slop”. Welcome to the new America, a welfare state whose greatest beneficiaries presently are banks and currently employed Wall Street executives and in the not distant future, when McCain is sent packing back to Arizona, the hard working American who shops on Main Street!

To all those filthy sods that ripped the average American off, in order to avoid jail, I suggest you emigrate to those tax haven countries where you have your money hidden. You will soon discover having a $billion and living in the Cayman Islands is no Utopia. If you stay home, face the music and take your jail sentence like a man.  I hope you all share cells performing the task of “bitches” to those you screwed on the outside and landed inside because of you!
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Tags: Bank of America, BHP, BP, Capital Hill, Chevron, Chicago Mercantile Exchange, Citibank, Denmark, Exxon, Free Enterprise, JP Morgan, Main Street, McCain, Merck, NY Mecrcantile Exchange, oil, Pfizer, Rio Tinto, Scandinavia, Shell, Socialist, Wall Street, Welfare State, Wells Fargo