Dear Editor:
If some of you saw what seems like extra smog in the air it’s not the normal global warming. I’ll try to explain.
A financial official just explained that the Fed did not lower the interest rate for many reasons. One being they wanted to wait until the corporation’s new set of auditors got the books correct. How it should have been worded is, as far as I can read between the garbage they feed us, is as follows:
That extra fog you think is in the air is actually smoke from the burning of the second set of books they have been operating under to distort their worth and befuddle the ignorant investors. Not all of the pages are being burned because under the new tepid regulations some of the old crooked rules can still be perpetrated with impunity. Loop holes, loop holes, loop holes.
Even in an (supposedly) equal trade, one of the parties must necessarily get the best of the bargain. The average American trader has through the years not only practiced conniving but just for insurance, gained control of the propaganda machine to disclose to the average dodo where the best bargains lie. He realizes that doing that for yourselves would tax your brain to exhaustion.
Since the public confidence has been, they’ve repeatedly told us, the driving force keeping us from suffering another 1929 crash, we absolutely need the major layoffs the businesses are using to become solvent. Now doesn’t that make sense? Reduce the buyers.
My daughter worked for a very smart businessman and one day told her he would rather make a quick dime than a slow dollar.
Corporate spending, they’ve refused as an option because they won’t accept a quick dime. Corporations look down their noses when labor requests a dime more. Guess where the greed lies?
Any financial advisor worth his salt is now saying our biggest problem is spending with a capital S. Until the sleeping public starts buying only what it needs the prices will never equal the value. As long as people demand services that due to laziness, they will not do for themselves, we will pay headache level taxes.
Angelo Nanfro