Along time ago, 250-somethings years ago in a small country, there was a major financial crisis, trigger by the cost of intervening in a war. The war was the American War of Independence. Well, the action of helping the Americans was a noble one. Unfortunately this lead to an unequal system of taxation for the people of France, and well the rest is the history of Bastille Day. The common people of France were literally starving, while those who were in power were caught up in the notion of grandeur. They made decisions not for the people of France but for the power of France.
Fast forward, 250 something years and America is in power. The great nation is what we are called. Everyone wanted to come to the US because it was the land of the free and you could make more money than ever imagine.
Today our great country is really in trouble. Every day, I hear about a bail out of major financial institution. Billions of dollars being spend to help these poor institutions that have somehow been wronged by the people of America, or so the people in power say. This news has been over powering and we are not hearing about the billions of dollars that is being spent on the War on Independence in the Middle East. So now US is Trillions of dollars in debt.


Who is going to pay these Trillions of dollars back?
We the people of US, the ones who are shaking in boots that they will lose their jobs, or the ones that are unemployed, uninsured, lost their homes, hungry living off unemployment, if they are lucky enough.
There used to be three financial classes of people, the upper, the middle and the lower class. I bet if they reexamine the classes, they would see that it is now two classes.

Once again what is it the point of studying history if we are not going to learn from it?

Just a thought…
These financial institutions made loans available to the public. They were handing these loans out like candy. The public of course took it, because lets face it the average person does not take much time to read and go through the thick stack of loan documents with a fine tooth comb to see the ins and out of the particular loan that they are signing a contract for. They would rather ask for the cliff note version of the loan and depending on the loan officer’s integrity and time to explain it. This financial problem is one that both sides are to blame, the loan institution and the loan buyer. Why do the institutions get bailed out, but the average loan person gets no breaks. Where is the fairness in that plan? The land of the free has become very costly.

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