In the current housing bankruptcy “crisis” which was in fact created by the privately owned Fed through interest rates that reached 1% in 2003 combined with lax oversight of the banks, the bail out now being talked about in Congress will help… no surprise… the banks by and large. It is meant to deceive the public again by using words such as “helping” the homeowners, or “saving” peoples homes. NOTE: When you save a mortgage you save the bank’s payments by insuring they keep coming in. Besides the fact that people don’t own their homes, the banks do!

Regardless, in a socialist system this kind of gross manipulation would never have happened in the first place. And the half honest sensible solution by these charlatans in Congress should be to refi these homes to these homebuyers at the new lesser value. Because the value is lost anyway. And these homes were wildly overvalued by an out of control speculatory financial cabal. Besides, the bundled debt obligations and structured investment vehicles are worthless. Adding misery, the value of these homes will keep crashing. The rub? The banks and Investors made millions off these paper schemes and walked away… and probably paid little or no taxes. And now, the home buyers who were preyed upon by these lenders, owe money on a devalued home that was used only as a commodity by the “gentlemen” on Wall St. to manipulate, through the creation of CDO’s and SIVs? Sure! That’s capitalism. Systemic political and corporate corruption. And it’s going to get worse.

Congress desperately needs this property tax, interest payment, revenue stream to keep flowing to the banks and the states. But the reason this is a problem for Congress of “what is the best poison” to cure this, is that to bail out the home buyer who got screwed, is using tax money to keep receiving tax money. It’s double taxation!! And a zero sum game… besides rewarding the crooks. More deficit spending. But the Fed doesn’t care about homeowners and thusly told Congress as much by introducing Paulson’s new scheme to have the Fed take over the duties of the SEC and oversight of the big investment banks and their financial debauchery and chicanery. To keep the graft and secret deals going. The “dark trades” as they’re called. And spineless Congress cannot protest. They are owned by the Fed. In fact they are linked in responsibility by their repealing of the Glass-Steagall act with Greenspan’s urging (which Clinton didn’t veto) and attaching the Commodities Reauthorization Act attached to an appropriations bill in 2000. Ahhh the rewards for the capitalist elite are sweet indeed. No accountability, no worries, no chance of getting the blame. The yellow press at their beckon call.

Socialism would put all properties under the ownership of the people with all rents going to the citizens public fund and distributed to each social association for necessary services, loans, needs. There is no reason for housing or land to have any kind of increased value over the years. NONE. Ask yourself why your car then, doesn’t appreciate in value? Or your furniture? Real estate has been another way to oppress and exploit people by putting them into massive debt and making them pay banks twice the value of the home over the term of the loan. Besides the fleecing by the middlemen realtors and speculators using homes as commodities,(thus the current death spiral in housing). Have you ever looked at your amortization schedule? On a fixed rate 30 year loan? You pay twice or more of purchase price, if you paid off your loan! And you’re paying the bank first. We are insane for agreeing to this but that’s why the banks are the most powerful sector of capitalism. Which include the privately owned Federal Reserve. Oh you say, I made thousands when the market was good! No, you made the banks richer and more powerful by putting the next person into new debt for 30 years at 1 1/2 to 2 times the mortgage payment. Now your house increasing in value, puts upward pricing pressure on all homes and finally drives them out of reach of buyers. Thus the 1% housing bubble. For every person who “wins” in the capitalist system, 8 people lose (and those who depend on them). Otherwise you wouldn’t have a system where 10% of the population own 85% of the household wealth and property. The trick is to keep you thinking you’re winning when you’re really just up to your neck in debt in this American Casino Land.

Capitalism is a constant barrage of fairy tales and propaganda aimed at deluding the masses into believing there is no other way a social/economic system can be run. And that to be rich (or at least have the opportunity-possibility to be) is the ultimate goal because that is the genuine expression of self freedom and self worth! Or the lie that mercantilism and worker owned production could not work alone… without the corporate structure or Wall St. But the facts on the ground show us the truth, that capitalism is a fascist system designed to concentrate wealth at the top, steal our productive gains, and by doing so, makes those at the top the most powerful, privileged members of a society. It’s Monarchical. A plutocracy. Oligarchs rule. Fascism! Congress, the court system and state/city regulatory systems are subservient in every way to maintaining the fascist construct. Question: Ever taken part in an organization by volunteering to help change one of the many injustices in this country? You know what I’m talking about then. Wall after wall after obstacle after pot hole after bought off politician …all lined up to trip you, slip you and flip you upside down. New rules to increase petition signatures required for public ballots. Electronic vote stealing and manipulation. Redistricting. Third parties crushed. City council and board meetings held during weekdays. Hundreds of fees and licenses required to run business. Lobbyists at every turn. Zoning codes that dis-allow creative housing solutions and energy use. State insurance commissions. Mineral rights sold for pennies on the dollar… On and on and on… Unless of course your organization/church is involved in taking up the slack for capitalisms failures… then you’re a Mother Theresa! What’s that saying? “I work to feed the poor, they call me a saint. I ask why the poor have no food, they call me a communist.”

Many people I talk to, on all fronts, are frustrated. And many realize that it is the corporate structure, their power to manipulate policy, to move jobs overseas, encourage wars, and the massive deregulated profit taking and currency manipulation that is at the center core of this American milieu. Besides the fact that no one I talk to has make a thin dime or dollar on Wall St. But the thing I keep running into are differences on how to solve the problem without changing the system drastically. A hypothesis that can be presented is that there is much delusion and neurosis in this land. The idea that we can somehow keep the system we have and make it work for the masses of productive working people, is the delusion as repeatedly, the corrupt one party system consistently proves otherwise. The neurosis is contained within this same idea that is the crux of the delusion. Knowing that something needs to change drastically and on the other hand knowing (by experience or observation) that it is irrational and impossible within the corrupt fascist matrix that will not allow drastic change that is needed. This creates neurosis. The constant tension of this negative psychic entrapment, is energy that has to be released and is finally. Usually negatively in some way. But it could be positive and productive IF there were a real alternative to work toward. Democratic socialism.

Socialists are realists. They are objective creative intelligent humanitarians who know that this delusion and neurosis is not healthy and requires a clean break from the causation. Often I am scoffed at by others for this view. Where? Where would – could this happen? I think that if it’s possible anywhere it would be in a state that seceded from the nation. Vermont’s trying and testing the water. Though even then, there would be no consensus for a socialist form of citizen led, decentralized government. No, until the public is re-educated as to the true intent and purpose of democratic socialism and its platform, and can be persuaded that exploitation of man by man is unacceptable, they will forever bicker and fight among themselves, as children who fight for a place in the lunch line or over possessions. Seemingly without the skills to reassess, re-strategise, and break away from the malignancy present all around us. Socialism takes a deep commitment and concentration to assess the situation on the ground (objectivism) and rationalize, then actualize the alternatives that will then benefit the real producers of capital (us) and replace the owners of the means of production and pushers of propaganda. It’s time to consider socialism as the correct answer to our dilemma.