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Search - Depression by Design

Depression by Design
Author: Patrick Kelly

We were told that the recession ended in 2009. All of the unemployed workers left behind in this "jobless recovery" may not entirely agree. We have been told that the stimulus packages, the quantitative easing and the actions of the Federal Reserve, the government and the Treasury were successful in avoiding a Depression. Really? It's hard t... more »o understand how they avoided a Depression when there is no definition of a Depression. And that raises another question...how could you not be able to define a Depression?

Banks and credit card lenders were successful in having usury laws abolished so they were able to put the loan sharks out of business. I miss the old days, when you knew if you did not repay the debt as agreed you would end up with a broken leg. Now they provide a ten page disclosure in legal language, change the rules along the way and somehow they are able to convert an unsecured debt into a secured lien that is enforced in a court of law that is ultimately more of a lien than your mortgage.

You'll find the Executive Compensation and Stadium Naming Rights information absolutely ridiculous. These excessive expenditures are a result of corporate executives stealing from the rightful owners of the corporations, the share-holders. The abuse of proxy voting should be considered fraud.

Volatility is normal for market prices but we are subject to rogue "traders" moving markets so they can be compensated based on vacillation instead of "investors" that make purchases and sales based on valid information. Most trades are initiated by computers programmed to buy and sell with such regularity and speed that their slicing and dicing of commissions provides incredible incomes for the traders and their companies at the expense of the true investors and owners of the shares.

Depression by Design is designed to make the average person think about every day things around us and how we should look closer and think more about the specific details that drive them. Is the Federal Reserve, a private entity and not part of the US Government, really the best option for a Super Regulator of all things financial?

Should there be penalties for our President, Senators and Congressmen that make laws and cast votes while publicly admitting they never read the bills before they voted on them? Do we allow our elected officials to continue breaking the laws they themselves created, yet they are unwilling or unable to follow? Do we allow them to continue to circumvent and ignore the Constitution of the United States? The time to take back the government from those that would choose to destroy our nation is now and the first step will be term-limits. Treason will NOT be tolerated.

Depression by Design will provide details and insight to allow a different perspective on various topics. If it walks like a duck and talks like a duck%u2026chances are it is a politician voting and acting for their benefit. What's good for the goose is good for the gander...unless it is a politician that is obligated to vote certain ways to repay a debt they owe to lobbyists or along party lines regardless of the repercussions.

Things need to change and they need to change now! Government (and business) as usual is bad for most people.

ISBN-13: 9781432767242
ISBN-10: 1432767240
Publication Date: 2/11/2011
Pages: 190
Rating:

0 stars, based on 0 rating

Publisher: Outskirts Press
Book Type: Paperback
Members Wishing: 0
Reviews: Amazon | Write a Review

Genres:

Nonfiction >> Current Events >> Civil Rights & Liberties
Nonfiction >> Politics
Engineering & Transportation >> Accounting & Finance >> Accounting

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