Cash, the buck, currency, the greenback, and
dead presidents are first derivative of the US economy and the American
dream. It’s the dollar, stupid.
The dollar is first derivative and
first level of patronization of the American dream. That is to say, it has no value except backing and support by
middle America. It’s paper. It’s a promise. It can be massively printed, duplicated, and devalued. The dollar is slippery that way. First derivatives are always slippery. The only thing, in the universe, more
slippery and slimy than a first derivative, is a second, third, fourth, or
fifth derivative.
A person buys a house using the
dollar, the first derivative of the US economy and the American dream. The house is paid for by a stream of
dollars. In the meantime, the house is
purchased by a banker, a middleman, using federal reserve dollars (middle
America’s dollars). This is called a
mortgage. A mortgage is paper, a second
promise, a second derivative of the US economy and the American dream.
The mortgage derivative is
definitely slimier than the dollar derivative.
It’s a second level promise. It
has more fine print and complexity. A
mortgage is a first derivative on the dollar, a derivative itself, and second
derivative on middle America and the American dream.
Enter wallstreet. Wallstreet bundles up mortgages into
“financial instruments”. These
instruments have their own fine print and complexity. As “bundles” are bundled, the dollar is leveraged as highly as
possible to any level derivative, third, fourth, fifth, etc. The limit is determined by the willingness
of buyers (sucker born every minute capitalism) to exchange a dollar for third,
fourth, or fifth level “financial instruments”. This is free market derivative trading.
The dollar, the first derivative
of value for the American dream, is owned by middle America. This is because middle America is final
backup for the dollar’s value.
Wallstreet, easily overcome by trading insanity, quickly forgets that
all the “financial instruments”, making them so much money, are but higher
derivative to the dollar, middle America’s responsibility. As the wealthy elite “milk” dollars from the
economy by trading “financial instruments” it is very convenient to forget the
foundation supporting all trading schemes is the dollar and middle America.
Economic patronization of America
and the American dream increases with each derivative level of “financial
instrument” invented and traded. Each
derivative level, starting with a mortgage, is higher level of patronization of
middle America and the American dream.
At third and fourth levels, the patronization of middle America quickly
becomes extreme (radical). What works
on paper (derivatives) doesn’t equal reality.
It is particularly galling
(radical) to middle America when wallstreet “derivative casino game” failures
require bailing out. It is
unconscionable when these failures threaten the stability of the economy. Wallstreet must understand. It’s the dollar, stupid. No one likes to be patronized.
Wallstreet must also understand
there are limits to wallstreet derivative invention and practice, just as there
are limits to casino gaming and practice in Nevada. No one cries “socialism” every time a gaming law is passed in
Nevada.
Today, middle America is
particularly galled when “milked” wallstreet dollars are invested in
out-manning, out-moneying, and out-lawyering middle America’s democratic
representatives in Washington.
When service in a restaurant
suffers, more waiters are needed. When fire breaks out everywhere, more fire
fighters are needed. When crime becomes
rampant, more police are needed. When democracy morphs to elected oligarchy and
America lacks governance, send help to the few surviving democratic
representatives. More representatives are needed. More presidents
are needed. The antidote to corruption
of power is to disperse power. Step it
up, America. Be proactive. Check out
plan-b.
Citizen is coach to team democracy. Coach is responsible for success.
It’s your call, coach. http://middleamericareformparty.wordpress.com/about/
Plan b: http://middleamericareformparty.wordpress.com/2010/12/22/coach1640280-us-constitution-plan-b/
Seeking presidential candidate (for one of 9
elected executive branch presidents) 2016
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