This article encapsulates the discussion America should be having leading into the election of their next commander-in-chief. Sadly, no political candidates or leaders today are anywhere close to admitting these truths. And yet, they must before the world will get to the necessary excision and rehabilitation from our credit cancer. On the upside, the numbers are so staggering and the elephant in the room so enormous, that no amount of rhetoric or polish will be able to cover it up indefinitely. As the citizens of Spain, Italy and Greece increasingly take to the streets today, rising against their captured-by-the bankers-governments, the citizens of America can see a glimpse of the future so long as they continue to deny what happened and what needs to be done next. Read: “The speech that wins the election.
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Re, Denninger’s speech: Any presidential candidate who makes that speech, then survives long enough to actually implement it, will go down (eventually) in American history as the greatest president, second only perhaps to Abe Lincoln or G. Washington.
Hey, Obama, you can be that president if you stop being a tool of the white-shoe mafia and act on behalf of the American people.
Why won’t leaders speak the truth? They all know this by now. The reason is that the people won’t elect them if they tell the truth. The people as a whole do indeed get the government they deserve — which means we each need to take a hard look at ourselves.
“A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largesse out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy.”
– Variously attributed to A. F. Tytler and Alexis de Tocqueville.
What about a democracy where the banking and corporate elite become the ‘majority’?
NO one dares to give that speech, nor dare to touch the third rail. Abraham Lincoln, John F. Kennedy both touched the third rails with their respective philosophies and honor, and look what they got.
In tough times, men and women keep their heads down….not up. Sorry for the gloom, but history is history. They don’t make heroes anymore….Ronald R. was the last one I can think of. And he got lucky. He got America going WITH the baby boomers entering the workforce. Now the UNLUCKY ONES get the beginning boomers at the exit door. And its a global issue too ie Spain, etc.
“In Aurum I Trust”, forget the religious part.