GT REPOSTS FROM TALKBACK TO GOLDTRADER

GT said... To all... Regarding the Rick Santelli Rant... His position has much logic...IF... this country's economic system (and thus, the World's) hadn't become so crippled that a vast MAJORITY of its population weren't now in an imminent position of suffering MASS STARVATION and much violence. There are times when those members of a society (who still have some assets of such magnitude that allow them to exist in a manner far above mere subsistence) have to SACRIFICE some of their own assets, time and energies to care for those who don't have the ability any longer to cope with a situation of this magnitude. THINK KATRINA! I AM NOT SPEAKING OF SOCIALISM! I am talking about TEMPORARY MEANS to cope with the unavoidable consequences of this CRISIS that was CREATED BY OUR VERY GOVERNMENT AND FEDERAL RESERVE POLICIES and Alan Greenspan (with the consent of many other very powerful people) in particular. If what Mr. Santelli says is the way things SHOULD BE... that the productive folks should not be required to help out the people who have acquired their homes and other assets by virtue of the FREE MONEY created by Alan Greenspan's fraudulent interest rate policies, the GREED of the lending institutions making LIAR LOANS to people who were both greedy and STUPID to involve themselves in such contractual arrangements, and having the ability to READ A CONTRACT, and therefore having the FACTS of what would certainly happen when these adjustable mortgages finally reset... would make some sense if the RESULTS created by Mr. Greenspan and the large banks/lenders/government had not become so MONSTROUSLY LARGE that an unworkably LARGE number of the country's population will be thrown into the streets with NO HOPE of finding any type of work or employment that would allow them to survive in any acceptable manner not likened to destitution. When, not if, that happens, those who still have some type of income or savings that are worth anything, which can still be exchanged for the goods and services they need for their survival, will be more concerned with protecting themselves and their property from the wandering herds of new poor and desperate who will be willing to DO ANYTHING to find sustenance and shelter for themselves and their loved ones. The Government should, RIGHT NOW, be setting up facilities (NOT concentration camps) that will care for the present homeless of our nation, and those becoming homeless by the minute so that we can realize some type of CIVILIZED transfer of our population from this calamity to what lies on the other side of it without realizing massive casualties in the process. Just my thinking on what it means to be a TRUE member of a society. February 21, 2009 1:47 PM