Property Grunt

Monday, March 31, 2008

Business is War

This is what it is all about.

Tony Montana: In this country, you gotta make the money first. Then when you get the money, you get the power. Then when you get the power, then you get the women.

Fed Leaders Ponder an Expanded Mission

Wall Street Bailout Could Forever Alter Role of Central Bank

When this article was initially published buddy, I had interesting IM conversation with an IM Buddy. I pointed out that what is really going is that the Fed Reserve wants to avoid a beach head of foreign investors on Wall Street and attached the Scarface quote, my IM buddy responded by saying no s**t and stated that if that were to occur then we would be living in a Banana Republic.

As far as I am concerned this has gone beyond a bailout this has now become a national security issue. Instead of occupying forces setting up bases, the fear is that they will establish a strong presence through American Financial Institutions and be able to influence American policies foreign or domestic.

Which brings me to the next realization about Greenspan and Bernanke. From my previous entry it was indicated that Greenspan was well aware of the sub prime criss that would be soon upon us yet instead of taking the initiative he chose to play Switzerland. I provided a variety of motivations ranging from his own self preservation to the chance it could make the situation worse.

I realize the biggest reason why Greenspan did not take the initiative because he probably realized that the Wall Street was biting off more than they could chew and eventually start blowing chunks. Then the Fed would be there to hold the bucket.

This crisis has given the Fed the opening to now only provide assistance to these institutions but to also tighten their grip on the industry.

During the late 80's, Jim Starlin wrote and illustrated a 4 issue mini series titled Gilgamesh II. It takes place in the not to distant future and after a massive war occurs, democracy and other forms of government completely useless because of the war. So the corporations of the world take it upon themselves to govern society.

I can't help feeling that the scenario presented in that comic book is slowly becoming a reality. Now Corporate America and American Government have crapped in the same toilet for years but what the Fed wants to do now is walking on unchartered ground.