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The Science of Getting Rich: CHAPTER VII [excerpt] by Wallace D. Wattles #Gratitude

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Monday, March 22, 2010

The bubble saviors

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IMO, our entire health care system is a bubble... IMO, this includes health insurance providers, hospitals, doctors and drug companies.

The health insurance 'reform' that just passed is nothing more than a huge government hand out for all these companies/sectors. With an influx of more than 30 MILLION customers the insurance companies are said to be in line to receive an additional 70 BILLION dollars in revenue. Hospitals are guaranteed tax payer dollars to cover the uninsured who abuse our emergency rooms as if they were their own private clinics there to treat every sniffle... The larger the percentage of Americans (now working on 100%) that are covered by health insurance the more drugs the drug companies are expected to sell...

The stock market is a bubble... Supported ONLY by the U.S. government, the treasury and the federal reserve with all the assistance needed from the financial sector in collusion... See What or Who is Driving up Prices? For information... (via finance.yahoo)

IMO, the entire financial sector is still a huge debt bubble... Debt is the issue every where with everyone from the poorest of the poor in our society all the way to the federal government. And nothing at all is being done to address this crushing debt burden that exists throughout our entire economy.

Nothing has been done to address any of these bubbles. Nothing has been done to address the cruel unfairness and corruption that has sneaked it's way into our capitalist system... On the contrary now all we seem to see are new plots and plans everyday to take money away from the American tax payer and hand it to banks, insurance companies, hospitals, doctors, drug companies, auto companies, mortgage companies, unions, You name it... Just stick out your hand and some government (tax payer) money is bound to fall into it. It's raining non-existent cash in Washington... Money simply printed-on-demand by the federal reserve banks...

It seems the ONLY answer government, the treasury and the FED have to date is to prop up the system we have for as long as humanly possible... By manipulating interest rates, inflation data, unemployment data, GDP numbers, markets, the banks/mortgage market... The short answer being they/government intend to manipulate the hell out of whatever they have to manipulate to give the appearance that this house of cards, 100% debt based economy, is back on track to inflate forever...

Good luck with that... I'm about ready to move... Let the losers fight over what's left of America...

Greg

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