Thoughts on Socialization of Banks and Public Works


Actually my friend, with a little refection, you have to accept the premise that the US Government has socialized the American investment banking system. Socialized to the tune of trillions of future dollars of debt, now, in no small part supported by the “Communist” Chinese purchase and holding of our treasury bills .

China, a society, by the way, which existed before the time of the Pharaohs of Egypt. In fact, the Chinese knew the earth was round millennia before the sandaled Hebrews penned that “flat-earth” book, Genesis.

The point being, what is the difference between an engineer or hard hat worker making a decent living on a US bond supported public works project, or the same two individuals earning a living at General Dynamics, Northrop or Raytheon, making weapons that are obsolete before deployed in the field?

You have no idea? Well, for one, unemployment in the low single digits and the re-realization of the American dream.

Me thinks you and your buddies have been smoking on those Ayn Rand doobies again, because there is nothing un-American about the commingling of public and private monies and resources if in the end, if it benefits the public good.

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About Gringo Bush Pilot

Retired process and systems manager; itinerant aviation devotee; and real estate investment loan officer. In short, an American economic refugee, retired in Asia.
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