I wasn’t sure what to write, as I thought I covered what I thought an Obama victory would mean before the election, but at least now the circus is over.

Or is it?

The one thing that this election did was allow for a huge transfer of wealth from the average person to the wealthy elite, or “Banksters” as they are sometimes called.  This was something that both Obama and McCain supported with the bailout bill, something that according to Business Week, has gone off track.  I don’t think it’s off track, but rather that the American people were just mislead about the purpose of this abomination.

The problem is that the current American financial system is set to implode, and has been on this course since 1968.  Obama will not be able to deliever America from this fate, short of some kind of new world wide financial agreement (some have called for a new Bretton Woods arrangement).  The last time this happened, in Bretton Woods, New Hampshire, was in 1968 when the U.S. economy started on it’s path to collapse.  So this new international agreement may have been the goal all along.

The reality is that at no time in history has the average “middle class” person been as leveraged as they are now.  I am not talking about credit card debts, but rather the false hope of the “we own our home” crowd that rents money thinking they are buying a home. [An excellent discussion of this is at The Market Oracle].

The entire financial system of the United States is going to collapse, of that there is no real doubt, both China and Russia are publicly accusing the United States of “Plundering“  the world’s wealth, and there will be a reckoning.  This “logic” may have been part of Biden’s prophecy that Obama would be tested, because the real challenge the Obama faces is not war in Iraq, terrorists who are stupid, but the ENGINEERED collapse of the American economy and the subsequent loss of American sovereignty.

I read an article about the Stock Market History, and I have come to the conclusion from it that the economic system (Banks and the Stock market) have been rigged to ensure that wealth is concentrated in as few hands as possible.   The whole “Stock market” system is amazing, basically it allows for businesses to get money without having to get loans, once a business is in the stock martket it can issue stock and do other things that allow it to almost print money.  Incredibly bizzare.  And yet people put there money into this bizzare market and then get surprised when the market contracts.

I don’t know what the safe investment is, because I don’t know what the new world financial system will be like.  While many people are talking about the probability of a “gold default” in the near future, where gold that has been sold at relatively low prices for delivery in December is demanded, but not actually able to be delivered, and China is going to tax virtual money in games, it seems that everything is on the table.

It’s just that no one is telling the average person about what is at stake (well not no one, but Ron Paul was marginalized).   Many people think that Obama is going to be able to deliver us from evil or some such nonsense.  The reality is that many people voted for Obama because he looked good and as such they expect that the world will look at the United States more favorably.  The sad truth is that they are probably right, that appearance is everything to most people, and substance is forgotten.

So to will be the abundance we used to experience, but that is not really the fault of anything that Obama will do, as the wheels have been in motion for a long time, we are just the people left with the bill.

Share on Facebook