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Wash. DC (The Intelligence Daily) -- Well, they finally did it. The Money Party exposed the nauseating underbelly of first world finance. It's a cross between a Ponzi scheme and a complex math puzzle, all geared to let those in charge rake off as much money as they can, whenever they can, while they leave us out in the cold. Unfortunately, this time their greed and lack of control has the world poised for a systemic economic meltdown.
The collapse and subsequent government rescue of home mortgage giants Freddie Mac and Fannie Mae, stock brokerage Merrill Lynch, investment bank Bear Stearns, and, an insurance company, AIG, are designed to show we're moving away from the brink of disaster to a safer place. "The system is working" to manage what Alan Greenspan is calling a once in a century event.
One thing the system might do while it's working so hard is explain why we're bailing out a stock brokerage and an insurance company? Isn't this about banks? Don't hold your breath. The corporate elite and political misanthropes who caused this are getting ready to put the final nail in the coffin of the United States economy and the livelihood of the vast majority of citizens.
This can all be summed up in the great one word speach by the late John Reed.
