Federal Reserve bailing out the gamblers

During the last few weeks almost all the Central Banks in the developed countries led by the our Federal Reserve Board pumped in billions in new money into the system to bail out most gamblers in the world who have been using the financial markets as grand casinos making money in speculative bubbles in the longest lasting speculative period in history. What happened to the theory of free and self-correcting markets? Those who have been preaching the survival of the fittest theory finally have succumbed to maintaining a survival of the stupidest (or wise-guy) world.

How can the central bankers get away by throwing away money to bail out a handful of wealthy, too ignorant and too greedy not to see a bubble in the making, while depreciating the money belonging to everybody else? Mainly because there is no longer any true freedom of press in the western world. The media is controlled by the same people who control the majority of wealth. They make easy money by investing in any asset that goes up in price giving no regard to fundamental value. So the government intervention to bail out the wealthy have avoided a meaningful correction one more time leaving all the bubbles on earth at the stratospheric levels that they hover. Now every gambler will be safely back in action in financial markets with full assurance that the central bankers will always be there to bail the big boys out regardless of how stupidly they will behave.

It is this same sort of behavior that brought us the crash of 1929. War, politics and finance are branches of the same tree. A damage to one branch precipitates and inflames the other two. If history is guide this is how this recklessness will also end up.

Then great American leaders such as President Roosevelt and patriotic military men such as General George Marshall came up with the New Deal and the Marshal plan to rescue the world. If all the money that is being pumped in by the central bankers are used in a major plan such as the New Deal then we can fix the crumbling and polluting infrastructure of the world, at the same time letting the newly created wealth to trickle down to every citizen who wants to do meaningful work instead of keeping the new money being created in the hands of the wealthy, who waste away their time without doing any meaningful work but gambling in the financial markets. It is important to have a class of consumers with money because without the consumer, capitalism will be dead and will be replaced by feudalism.

This is also so important at this time because there is a child dying of hunger in the world every few seconds and China with its massive slave labor force not only have managed to take away jobs from Americans (because of US corporate mindset to meet the calls for increasing profits to benefit from the market bubbles) but also have surpassed America as the biggest polluter in the world. And India is close behind. Now with three powers polluting the world in equal capacity the feast being thrown by the Central Bankers could be the beginning of the end because of global climatic changes.