Wall Street has been squarely in the crosshairs of those looking to place blame for our economic woes. The same villains are at the front of the line. Greedy corporations. Greedy bankers. Greedy mortgage companies. Greedy investment companies. Greedy capitalists. Obviously we have a recurring theme here. Greed is the villain. Gordon Gekko would not approve.
Greed tends to get equated with success. Obama has famously gone on record as saying that at some point you’ve made enough money. Of course, what the level is never defined. Suffice it to say that if the economy is going well, then greed (success) is tolerated. When it’s failing like it is today, then greed becomes the villain even though it is detached from success. If too small a percentage of Americans are experiencing success, they must be greedy. You can only have success when enough other people are doing likewise. Obama told Joe the plumber he thought those successful people needed to “spread the wealth around”. It was their responsibility to pull those below them up. Socialism creates this untenable paradox. You are vilified for being successful, yet you are expected to be successful so that you can help others.
None of this is new, of course. Capitalism has been a target of the greed patrol since its inception. Having a system in which opportunities are created and success is determined by those that take advantage of those opportunities will naturally create a class envy scenario. The have-nots will always want what the haves have. Successful capitalists love the system for its ability to reward hard work. Unsuccessful capitalists hate the system because there are no guaranteed winners. This brings us to what system is in place today in America.
Are you considering participating in national opt-out day tomorrow at the airport? Then you must read this account of someone who successfully bypassed both the backscatter body scanner and a pat down. Of course, keep in mind that just because it worked for him doesn’t guarantee it will for you. Also know that you will surely miss your flight because it will be a long, drawn out process. But it’s good to see someone make a stand on their rights and force the government to back down. I suspect that incidences like his are going to result in the TSA coming up with a method to prevent recording devices such as cell phones to be banned from use during the screening process. Here is the link to his blog where you can read the entire sequence and listen to the audio –http://noblasters.com/
The B-2 Spirit stealth bomber was finally unveiled publicly on this date in 1988 in Palmdale, CA. This was a rare case in which the Air Force publicly displayed a top-secret airplane before it had ever even flown a test flight. That didn’t happen until July of 1989. $40 billion was spent on development and each plane carries a price tag exceeding $1 billion. 132 were originally ordered, but they only made 21 in total and 20 remain after one crashed and burned. Here is what was left of that one.
I’ve watched ’em millions of times and they’re still funny!
Funny parody of the free credit report commercial
Another day, another embarrassment for the TSA. The arrest yesterday in San Diego illustrates what a joke the agency is. A passenger refused the scanner and was told to submit to a pat-down. He stripped down to his underwear and handed the screener his clothes for inspection. A supervisor was called over and demanded that the passenger put his clothes back on so the screener could turn right around and pat them down. What? Are you frigging serious? If this doesn’t illustrate how ridiculous the agency is, nothing will. Naked except for his underwear. His clothes in their possession for inspection. What was the most important factor here in the eyes of the TSA? That he submit. No common sense allowed here.
Wouldn’t it be something if people took the opt-out on Nov. 24th a step further and did the strip down? No indecent exposure. No reason for a pat-down. Better yet, come to the checkpoint only wearing underwear so they can’t demand you put your clothes back on.
Look, let’s be practical here. You can’t go half-ass on security. If security were really the goal here, why aren’t we going all out? The newest technologies are the backscatter and millimeter wave scanners. They work fine for detecting articles hidden under clothing. What would a real terrorist do to get a bomb on board? Use a condom or tampon and carry it in a body cavity. Some will go to the extreme of surgically implanting a device so even a cavity search will fail. A bit graphic, yes, but it’s reality. The fact is if they aren’t doing full-blown strip searches including cavity checks, they run the risk of missing something. Which is it going to be, security or not?
We’ll find out next week if the TSA Opt-out Day has any impact. I can’t see it. If people think they can shame the TSA into policy changes, they haven’t been paying attention. Remember, the TSA has no shareholders screaming for blood from the bad PR. The result may be even longer lines and more frustrated people, so we may get a butt load of viral You Tube video’s of TSA sexual assaults. Airports have an opt-out option written into the legislation, so if enough of them follow through, that may get the government’s attention.
The next grass-roots style movement has its roots in Europe. It’s Banker Mutiny Day on Dec. 7th. It’s spreading throughout Europe. The idea is to withdraw all of your money from the bank on this day. A full on bank run. The theory is to protest and take away the power of the banking elite. It hasn’t seemed to have gained much traction here in the U.S., however. That would be one way to trigger the global financial collapse we’ve been hearing about. The simple fact is the banks don’t have all of your money. That’s the beauty of fractional reserve banking. Every dollar you deposited in the bank was multiplied ten times over in the form of loans and other banking investment vehicles. If everybody shows up at the teller all at once, the system quickly collapses and the financial collapse would be on.
That’s the theory behind fractional reserve banking. Most people will simply leave their money in the bank most of the time. Only a small percentage will withdraw their money on any given day. Thus they can safely loan out much more money than they actually have deposited. A bank run is considered a miniscule risk. Besides, if a run of any significance really did get underway, it wouldn’t take long before a bank holiday would be declared and the system would be shut down. So you couldn’t get your money anyway. The Federal Reserve has the same type of authority as the FAA. When 9-1-1 was underway, they shut down air travel nationwide simultaneously. The banks would do the same.
Regardless, it would certainly accomplish its goal of putting sunlight on the banking scam employed by central banks around the globe. The majority of people have complete ignorance of how the banking system works. They just assume that they deposit their money in their local bank and it just always stays right there like a safe deposit box. What happens to it after the bank gets their hands on it is a mystery to most people.
I would suggest this. If somehow this movement actually gets any legs under it here in the states, make sure you have enough cash on hand ahead of time for at least a few days. If a bank holiday were declared, it would be very inconvenient and may take a while to unwind. You wouldn’t want to get caught short if you wait until Dec. 7th to go get your money and are turned away because a holiday was declared.
Looking for the ultimate survival rig? You need to be prepared in case chaos ensues from our government’s policies of destruction. This is not roughing it at all! Sell your house and live in this, it’s dropping in value by the minute anyway. Oh, if you have to ask how much, well then…you know the answer to that.
Introducing the new 2011 EarthRoamer XV-LTS!