Ryan Price's Soapbox

You’re probably wondering, what is this post about well I recently finished watching a documentary regarding the economic collapse of 2008. I refused to believe that it was the ole ‘It’s Bush’s fault’. So basically here’s what this documentary is about:

The film examines the causes of the economic collapse of September 18, 2008. The film surmises that the Greatest Generation, in their effort to prevent their children from having to suffer the horrors of The Great Depression and World War II overly nurtured and protected them, unwittingly instilling in them an outlook of selfishness and irresponsibility. The Greatest Generation also put into place many institutional protections against the kind of financial recklessness that led to the Great Depression. After they all retired and died, the documentary alleges these protections and rules were gradually removed or ignored, and the financial crisis of 2008 happened as a result of the next generation’s selfishness and irresponsibility. It suggests the generation that grew up as the hippies of the 1960s eventually came to power and promoted their outlook upon the financial markets, taking reckless risks — because having enjoyed prosperity all their lives, they believed there could be no downside to their decisions.

Effectively the generation of the 60’s and the hippies who married Wall Street and Big Government is what brought us to this point. We privatized profits, when they piled losses upon losses…and they went running to the federal government for bail outs. There was no more Democrat or Republican…it was just incumbents. Clinton was told by Robert Rubin that globalization was America’s new direction. His administration was subsidizing and encouraging risky and irresponsible behavior…the party became the party elites and we somehow had a place in this ‘global’ scheme. When things went bad those who toyed around with the investments were not responsible for those losses…the middle class was.

One doesn’t know there were 4 major bailouts (not related to our own). Those being Mexico in 1994, few years later Russia, then the Asian crisis then Argentina. Each one of those investments went south – funded by …you guessed it…tax payer money. Now typically if a bank made risky loans and they fell through, the bank was responsible. Somehow we got to the point of Systemic failure, where institutions suddenly became to big to fail. It quit becoming Wall Street being conservative and prudent to no liability. The five major banks then requested more leverage 25,30,40 to 1 …you have NO room for error and this was granted by The government!Where are those five banks now…they don’t exist because they over leveraged themselves. So while none of them are burdened with the responsibility… 30,000,000 jobs are gone…and the middle class gets stuck paying the tab…again and again.

Now our problem is we have deindustrialized and outsourced all our manufacturing jobs – Now we consume 5% more than we take in and borrow from the world. We owe external nations in upwards of $7 trillion. The trade deficit will eventually get so high that they can buy out all the publically traded companies and effectively BUY America… that is our future.

Rewind to 1977 – Jimmy Carter is pressured to sign the community reinvestment act which required banks or I should say forced banks to lend to people who could therefore record unemployment, welfare, spotty jobs and no background checks and lying on applications (recommended by ACORN). The political minds of the 1990s and the Clinton Era played on the black victimization and played on the white guilt to prove that we aren’t inherently racist which fast tracked the bubble that Jimmy Carter began almost 30 years ago. Clinton then said banks could be punished severely if they did not lend out to more risky people. Fannie and Freddie then said the government would back these risky securities and credit default swap.

On September 18th 2008 – The Awakening occurred… the unthinkable became thinkable. That morning over 5 trillion dollars was to come out of the money markets…in 24 hours it would spread globally and risk destroying this country. In a short time frame…our entire wealth in this country was squandered away. Capitalism didn’t die…the moral fiber and sense of responsibility and liability died and failed.

The unfunded liabilities of Medicare and social security is …wait for it.  OVER 100 Trillion dollars. That’s 100,000,000,000,000 dollars… , we have a 12 trillion dollar national debt , 7 trillion trade debt, and a 1.4 trillion budget deficit. In 2011 , the first baby boomer will qualify for their social security and Medicare. We would need to have 100 trillion right now, earning interest to pay for all of this. The total valued wealth of the US which is only 50 trillion still only amounts to half of what was promised! We have borrowed …twice the wealth of our nation and no one see’s any room for fear there?! We aren’t even close to paying off our debt – right now our interest on the debt is 400 billion and after running deficits til we hit 20 trillion, that interest will jump to 1 trillion.. That’s like paying the minimum payment on your credit card and it never going down.

I hope America can turn around ….because the future looks pretty bleak for my generation and those after mine…who might not ever get to retire and will be shouldered with this insane amount of debt. Our parents…got rich by gambling our future away. Stop Spending, stop over regulation, stop manipulating the system and stop trying to regulate health care and push us toward the European model…THAT is how we fix this.

Here’s a trailer and if you want to watch it contact me and I’ll give you the info:

As some of you know, I believe that anyone has the opportunity to better themselves and make themselves a success. Recently however, it seems like more and more people have their beggers cup out wanting nothing but the next government hand out. Such is the situation with some. I absolutely can not stand people who make excuses for not being able to find a job, its makes you look like a complete sissy, I would feel so ashamed if i grew complacent in knowing good ole Barack Obama and the government were going to take care of me forever.

Another problem i have is it seems like these people seem to get the benefits that us hard working Americans have to pay out the rear for or get denied access to such things. Why is someone able to go in with Food Stamps and buy steaks and 300 bucks worth of food when I have a hard enough time trying to buy my own with my own money. People, this isn’t right, these programs were made to get you back on your feet not so you can live off em. So here’s some advice for all you dirt bag freeloaders:

1. We are sick of you wasting our tax dollars buying new Computers,TV, non necessity items simply because you have money given to you by the government.
2. You should be made to get a job not sit on your lazy ass, sleeping all day while the world continues on.
3. Using the system so you have more money to spend useless crap on is flat out wrong and you should be denied it.
4. You are not equal to us hard workers…you’re lazy and a bunch of crybabies.
5. You are a drain on society so unless you plan on getting a job, contributing to the country’s prosperity, and voting then by all means please commit the most convenient form of suicide you choose and spare us from supporting your ass.
6. You should not be given Universal Health Care…you do not contribute, you do not reap the benefits plane and simple.

If i offend any of you lol chances are – you are a freeloader. If not and you’re with me…speak up. It’s time we pry these leeches off our back before there’s too many to deal with and we have a society of lazy people who think they don’t have to work and earn the American Dream.

Ryan Price -