Ever wonder how so many companies that are backed by federal loans or federally insured agencies go bankrupt? There is a reason, and it’s very simple. Very rich people drain these companies of all their capital leaving behind the empty carcass of a company that has to be cleaned up by tax paying citizens. There are seldom any indictments, seldom any links to government politicians who legalized the criminal activity, and when and if a person is pinned down and sure to be convicted, they miraculously die suddenly and avoid all prison time.
In the 1980s it was Ronald Reagan who was sucker punched with the deregulation of savings and loans, only to find out less than six months later that the deregulation that resulted was up to $500 billion in tax payer insured accounts.
In the 1990s it was Bill Clinton who knowingly deregulated derivatives with the repeal of the Glass-Steagall Act, which has resulted in the United States allowing fraudulent “betting” to waste up to $800 trillion dollars as reported by CNET.com last year.
Today it is a top story that another energy company has gone bankrupt on the back of the American tax payer. The strategy is to rape the middle-class however possible, while lining the pockets of their captors with inexhaustible bank accounts. If they can’t bankrupt you through a repressed economy, they will sneak in the backdoor and drive up the country’s deficit until you end up paying for the rest of your lives.
The politicians have zero loyalty to the American people, because they have retirement pensions when you don’t. They have exceptional healthcare for life when you don’t. The entire country has allowed their (s)elected representatives to live above the means of their people, and serve their banking masters and future employment cronies shamelessly decade after decade with no repercussions from the nation.
It is time that we make a change to this pattern of deception. This habitual addiction to fraud that nearly everyone on the Hill manages their careers through is going unseen. We need change within ourselves to understand the constant stream of deceit that is being push before our faces on a daily basis, but seldom questioned. Raise the awareness amongst your friends and family. Help them understand that these mega corporations that go bankrupt on the back of your tax dollars are being facilitated by the officials who run this country. No one is going to court. No one is being put in prison. No justice is being served.
It’s time to wake up to this formula of financial ruin.