As Capitalism's folly, better known as the Stock Market, continues to spiral down hill, the ultimate question has yet to be asked by our Corporate Media gods. Who will be the ultimate victim of this corporate greed and cooked books scandal? Our Corporate Media might one day get around to reporting the truth, but it is highly doubtful. The real victims of this latest travesty are those of us who do not own real estate. Why is that you ask? Let me explain it to you in terms that Corporate Media never will…
That stupid myth that Bill Clinton presided over the "Greatest Economy Of All Time" is now being shattered like a room full of mirrors. The wonderful 90's economy that was fueled by paper money, stock speculation, cooked books and lies, is what is responsible for what we see today. Where did all the profits go? They went to temporarily inflate 401K plans, to buy yachts, to fund posh cocaine parties and to jack up the price of real estate to an unreal level. Our national infrastructure was not improved during the Clinton years, but our real estate prices increased god-knows-how-much. Corporate thieves needed a place to stash their ill-gotten cash and they chose land.
Our liberal bankruptcy laws make it near impossible to reclaim primary residence real estate to pay off debts, even from thieves like Charles Keating. Profits made in the stock market ware pulled out and pumped into land deals. The end result is that home prices are unobtainable to the average first time homebuyer. Land ownership is now a privilege. We have created a landed gentry class in America. So much for the benefits of capitalism.
So the next time you see a report of who is blaming who concerning the falling stock market, remember this: The real victims are not being discussed, because corporate media has a vested interest in protecting those who stole and stashed. Enjoy renting from the crooks!