Greed and Money

Mark 10:25 "It is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God."

Where is the bailout Money?

Greed and Our Money

I like many others have asked myself what happened at the end of last year with the bank bailouts... I mean who got the tax payers money and what was the bailout all about? We all saw congress sign the bill that was pushed through in record time (boy wouldn't it be nice to have that kind of speed when it comes to health care issues) to give trillions of public tax payers dollars to these commercial failing banks. These banks that had loaned money to people they knew would not be able to maintain the payments on for over priced properties, these same institutions that own the credit industry that raised interests rates to levels where most of your payments were going to just pay the interest on your balance! Yes, YES the consumer shares the blame... but do we have to shoulder all of the blame?

Do the financial institutions have such power that they can lay their problem child such as the failed economy on the people of our nation and on the backs of the working class? These same people that make them their money? Why are they not giving out low interest rate loans or small business loans to the people at this time? Why are they still foreclosing on the houses of the people that just saved them from financial destruction and in the mean time have lost their jobs? Why are they still raising interest rates on credit cards and collecting on debts plus interest? Where is the forgiveness to the people that just bailed them out? I raise these questions because if the tables were turned (WHICH THEY REALLY ARE!) where we gave them money and wanted it paid back... like the bailout! Should we not foreclose on them? Should we not tack on massive interest on the banks and the money they have now that was used to save them? Do we only give them a short amount of time to pay it back before we come in and liquidate their personal and professional assets?

We see in the news where they are still giving themselves bonuses, still living their lavish lifestyles and living it up as though the economic catastrophe has been avoided all the while though the chasm between the rich and the poor is growing as our middle class begins to crumble. Inflation and job loss to outsourcing and economic stress has shaken this once profitable nation. It was always that middle class that gave this nation its strength in jobs that paid enough to sustain a family on one income. But with price rising, the costs of goods rising, the cost of energy rising... there will be no middle class. The debt from the housing bubble burst has turned peoples lives upside down. They are buried in debt with not even their biggest life investment worth the money owed on it. This is the nation of today... where the rich get our money to save themselves and we the people are left to suffer in poverty and still have to pay the banks the money so they can continue to rape us financially.

If you read this and you think I'm a quack than please do your homework on the economy. Do you know who owns the federal reserve? The PRIVATE institution in charge of our banking system? THE BANKS OWN IT! Yes the same banks we gave our tax payers dollars to. They are driving down the worth of our dollar, they are collapsing our economy on purpose. This seems like a radical idea until you understand their ideas on how they do business. Do you think a company sees nations and boarders? No of course not, money is money no matter what nation you live in. Do you think they care about the people of a nation? No as long as they consume and produce. Companies and banks see one thing... the bottom line, there is no room for sympathy in business my friends, they could care less if you eat, have a home, are healthy, or even die! They could care less of the any myriad of things that effect the people of our nation. But they want our money! Oh yes that is what they care about... money. Greed is a powerful and evil thing and it sits in the very thing all men covet. Money is not substance, it has no real value, value is in the goods and services that we the people provide to one another. Money is a false byproduct of labor and it is these institutions that play the game of labeling what something is worth. We are slaves to their whims and their plans.

I have an idea, now I'm not saying you should do this it is just a thought. If enough people try it out I bet we can do some good. If you have debt just pay what you can until it is gone. If you have credit cards shred them and close them out. If you have a bank use it only to pay your bills all the extras use cash for that means no credit cards and no debit cards. Deposit only what you need to pay things with like your rent, mortgage, power, etc... Bank locally at a smaller bank if you can. Try to maintain things like cars so that you don't have to buy a new one. Don't spend money on things you don't need, learn to live a more fuller frugal life style. Don't get loans from banks. Keep your money close and if you can put it aside for what it is you want to get, if you don't have it now you probably don't really need it. Lets send a message to the banks. If they fail for it... OH WELL? They already did! We just put a band aid on a gaping wound. Let them fall, where they failed the smaller banks will fill in the gaps.

More by this Author


Comments 3 comments

breakfastpop profile image

breakfastpop 6 years ago

Great sensible hub. Whatever happened to letting the free market decide who wins or who loses. The bailouts were a total waste of money and were motivated by forces that had nothing to do with the best interests of the taxpayers.


jiberish profile image

jiberish 6 years ago from florida

Great Hub. I read recently that the banks are not loaning because they want people to stop spending???? I don't understand this concept. We should have let them fail like every other institution who ran their business in the ground while awarding COE's millions of dollars.


Cow Flipper profile image

Cow Flipper 6 years ago from Southern Oregon Author

Thanks jiberish and breakfastpop I've been following the economic collapse far longer than a year. Our entire banking system was set to do this a long long time ago. This is the problem when banks have so much power. If banks cared they'd help smaller businesses have a chance to compete against the mega corporate conglomerates that run everything. There is one chink in the armor of mega corps though and their profits... and that is us. :0)

    Sign in or sign up and post using a HubPages Network account.

    0 of 8192 characters used
    Post Comment

    No HTML is allowed in comments, but URLs will be hyperlinked. Comments are not for promoting your articles or other sites.


    Click to Rate This Article
    working