Many of us have heard of and understand Ponzi schemes but in case some of us haven't and don't:
Recently Bernie Madoff ran such a scheme for about 15 years without any government auditors or regulators catching him and his staff. This occurred because of loose oversight up and down the line. And that same looseness permitted the entire financial services industry to do what it did to bring down the global and our economy, from mortgage brokers, real estate agents, Wall Street banks, along with pseudo-insurance companies: unregulated, or so loosely regulated as to be impotent. Crisis, starting with the housing market over to hedge funds and investment banks, many now insolvent. Thus the huge amounts of tax-payer money used to avoid total disaster, likely worse than the '29 stock market failure and following Great Depression.
What we have here is a giant Ponzi that no one recognized, but we do now. Our politicians looked the other way until it was too late. When we come to consider that there are eight lobbyists for everyone of our elected officials we come to understand that "special interests" run this country and not us. Our elected officials are dumbed-down by the influence of lobbyists. The voters' influence doesn't compare to the lobbyists of oil and gas, banking, communications, transportation industries. "What's good for General Motors is good for the rest of the country." Remember that!
What's happening now, and it is going on world-wide, because of the Internet and YouTube, is a total understanding of what it means to have a fair playing field at the economic, social, and environmental level. For me, it's a time to re-think what education means and who is it that is doing the teaching. When we look at TV we can easily see it is a marketing platform for the products of the same companies that fund the lobbyists. So where does that leave us? The newspapers, hardly. The Internet and Wikipedia are places to gather in as much as we can of news of all shades of bias, and then use our intelligence to know what the truth of the matter is. We have to re-educate ourselves outside of conventional avenues.
If we are not happy with the way things are going, have been going, then it's time to rise up and help change things for the better. And not for the better for a small group of people, but for all Americans and all peoples of the world. We are all in this together... empathy and compassion is being called for up and down the planet. People are hurting and need our help, one way or the other. May God help us with further blessings!
Okay, off the soap box!