Rewarding People Who Borrow for Consumption
The American government has a habit of rewarding people who borrow for consumption. Why? Because that's what the big banks want. They become richer as debt increases.
The powers that be have changed Obama's mind on a number of issues.
He rejected a carbon tax on fuel. Why? Because the oil companies would fight back.He's also reversed his stand on drilling for oil, allowing for off shore drilling, and he's reversed his stand on greater protection of whales. The whaling lobby must have a lot of money.And finally,rather than withdrawing troops, he's increasing troops in Afghanistan - I'm pretty sure the oil companies have a vested interest in our involvement in the Middle East.
Here's my point: While Obama is a good man, it's banks and money that rule the world.
The biggest banks and financial institutions have no allegiance to any country. The biggest banks only look out for the interests of the big banks and the ultra rich.
Just look at how the AIG scandal was handled. Instead of being punished for losing billions of dollars, they've been handed billions in taxpayer money.
Let me say this, if the rich have the power to keep protecting themselves at the expense of our laws, morals, and values, then the world is in worse shape than I imagined. Just as the Catholic Church is under fire for protecting crimes against kids, I believe the Obama administration will come under increasing criticism for protecting the biggest banks and their rich friends.
Rather than trusting Obama to save you, I continue to recommend that you save yourself.
Robert Kiyosaki
