US Downgrade - 08-05-2011

Oh and btw, that US Treasury bond downgrade to AA+.. That was expected. Was it really a surprise?

Now here's my thoughts...

The banks and insiders are blackmailing the government into giving them more. That "more" could be a greater piece of the budget, tax breaks, decriminalization, policy enactments, more bailout, foreign wars, etc. Whatever it is, it is just a rouse to tank the economy and stock market to scare them into producing a policy to the insiders' benefit.

All the while, the people of the Republic let it happen. Here's a great blog post from Vincenzo on the IrvineHousingBlog that I have been saving up:

Alexander Tyler was a 18th century historian/economist who wrote “The Cycle of Democracy” in 1778.

“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. From that moment on the majority always votes for the candidates promising the most money from the public treasury, with the result that a democracy always collapses over loose fiscal policy followed by a dictatorship.

The average age of the world’s great civilizations has been two hundred years.

These nations have progressed through the following sequence: from bondage to spiritual faith, from spiritual faith to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency from complacency to apathy, from apathy to dependency, from dependency back to bondage.”