In today’s podcast we focus primarily on the history of the Great Financial Crisis, and how the decisions made during that time are still being felt to this day. When the government intervenes in the market, it will necessarily pick winners and losers – there’s only so much money to go around – some will get it (winners) and other will not (losers). This can lead to distrust within the public as many may view the winners as being politically connected, while the losers are lower on the political totem pole. This belief is then likely to fester into something larger and more divisive across the country.
During this time, we saw the rise of the Tea Party and the Occupy Wall Street movements. Both being born out of such distrust and disdain for the government and major corporations. These movements were then adopted by the political parties – Republicans the Tea Party – Democrats the Occupy Wall Street movement. However, these two groups should have joined together to unite the people of the country and to call out the destructive nature of the big-government – big-business merger. This did not happen. Instead, we started down the path of extreme partisanship, which gave rise to populism and to President Trump. And because we continue to be a bailout nation – the Nobody CARES Act, along with the alphabet soup of emergency facilities at the Fed – and the country remains as divided as we have ever been – maybe since the Civil War. Unfortunately, the bailouts and the division is going to continue. And it will do so until it exhausts itself and leads to near or perhaps total economic, political, and social ruin. To hit rock bottom if you will. Let us pray this does not happen, but there is nowhere in sight any proactive measures to lead us out of this mess in which we find ourselves. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Bailouts #Jobs #USA #Debt #Liberty #Revolution