Continuing The Worship of Money

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Editor’s Comment:

The high priests of money located at the NY Federal Reserve and in Wall Street banks serve as the people nearest to the god of money and therefore are far more persuasive than the rest of us. We are all believers. And in that lies the undermining of the spiritual foundation of our society, our country and our future.

The trickle down theory artfully presented by one of Romney’s partners at Bain Capital makes a brilliant case filled with logic and faith in the system. The fact that there are parts of a theory that work, is hardly a reason to accept the whole theory. Romney’s partner is successfully arguing for capitalism, with which I agree — up to a point (firefighters, police, ambulance etc). Where the argument breaks down to simply absurd is that income inequality is somehow good for us and that we should be thankful for it.

If income inequality were a good thing then U.S. Prosperity, employment and economic power would be at an all time high. Instead they are at a serious low point and without further stimulus will move into recession mode which is where Europe is now, with mmost people agreeing that austerity was a bad idea.

But we listen to this nonsense because of our worship and submission to money and those that have it. And so we stagnate despite the white elephant in the living room. For the past 35 years the financial sector has been sucking money out of the system instead of putting it into the economy — which is the ONLY rational for even having a financial sector (banks, in particular). Having an economy grow where the richest 1% received 93% of the benefit is crazy.  Treating those people with extra tax incentives to do more of the same is insane.

We are a society of people serving we hope higher causes, ideals and spiritual hopes and dreams. We exist as a society not for the sake of money but for the sake of peace, prosperity, the general welfare and fairness (read our constitution — if you don’t like what it says, then you must amend it because it states the foundation and basis of our society).

Instead we let the high priests of money direct our society, our government, our thoughts and even our faith. That they stole a gargantuan amount of money from the citizens directly and indirectly as taxpayers is now known widely and yet we continue to believe.

We need more stimulus. But so far all stimulus proposals stop at the door finance instead of examining the underpinnings of our society, our government and our high priests. The largest chunk taken out of the economy amounting to trillions of dollars should simply be put back in — practicing fairness and pursuit of happiness and the general welfare of the citizens. And the way to put it back in is to stop (not slow) the foreclosures, reverse the 5 million foreclosures that were illegally obtained and work out a fair settlement on the money where everyone shares in the burden if rebuilding our society.

That stimulus will hurt nobody and cost nothing except to the banks that stole the money and homes. That stimulus of merely returning collective wealth from where it was stolen will result in spending and investing as any healthy society would have us do. And it would result, without tax increases, in fully funded social security, Medicare, Medicaid, police, fire and rebuilding our road, power, water and other infrastructures that are an embarrassment to all Americans.

Above all we must return to our faith in our ideals and view money, power and wealth as merely necessary evils that represent the cost of maintaining a society — a cost, I said, not a goal.

Tags: Bain Capital, banks that stole the money and homes, capitalism, collective wealth, embarrassment to all Americans, healthy society, high priests of money, INCOME INEQUALITY, infrastructures, investing, NYFederal Reserve, Romney, stimulus, the cost of maintaining a society, the god of money, trickle down theory, U.S. prosperity, undermining the spiritual foundation of our society, Wall Street Banks, welfare of citizens, Worship of Money
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