Goldman Sachs is only a Crap Shoot. FDIC? Not here!

Having grown up in a Fundamentalist home in the 1950s, I was taught gambling was evil and should be avoided. Possibly avoided at any cost. But the cost has been high.

So, instead of gambling at great risk, I discreetly invested my money in IRA accounts, mutual funds, and annuities. Most of which I have over the past dozen years or so have lost money on. Lost to market crashes and bad investments. Investments that weren’t insured. No FDIC. Just MDTT(money down the tubes). Money in. Money out. Gone.

So tell me, what is the difference between investing and gambling? One is legal and the other is illegal(in some places). Both can easily turn out the same. One you call a broker and the other you call a bookie. Both has its risks. Easy come. Easy go. Absolutely no assurance of making a good investment or gamble. Just a transfer of wealth from my wallet to a bank account down in the Bahamas. Gamble you do. Gamble you lose. This is what is meant by Risk Management. Only you and I take the risk. Banks and Wall Street only show us how it’s done.

What is meant by risk management is we investers take all the risks.

You know if the government wants to privatize Social Security, then require banks and investment houses to pay high interest insured deposits. Depositing a portion of FICA money into an investment account. Put about 20-percent of total monthly SS contributions into a long term bank savings account. Require banks to pay at least 5-percent interest in a FDIC insured account. Insuring absolutely no risk on the SS recipient account.

Then capitalize the FDIC with a flat 1-percent interest from high yielding home and business loans. Maybe something like it use to be. Use to be before greed took over.

However, this idea would be grossly appalling to most or all banks and investment houses. Banks want the Social Security contributors(you and me) to take all the risk. Banks just want the money with no strings attached. Free and clear. Do with as they wish with no regard for safety or responsibility. “Oh darn. You made a bad investment.”

We take all the risk. Banks and investment houses skip home free. That’s what is meant by Free Enterprise. Maybe more like Risk Enterprise.

I like what you're doing but narrow your focus

I kind of see what the point is to the Occupy Wall Street movement is about. Although they need to narrow their focus and hammer on one or two things. It would give them a more defined and pointed attack.

However, I agree with the general movement. Too much concentration of money in so few hands. Hands that might be a bit corrupt and greedy. I don’t trust anybody who makes their own rules and just makes money from money and leaves little benefit to the general American population. Sort of like Wall Street “Payday” lenders. Creepy and nasty.

I would suggest the OWS movement to concentrate on getting congress to confirm the director to the Consumer Protection Agency. Lobby the House of Representatives to get that done. Consumers could surely use more protection from the maniacal banks and brokers. Either confirm a director or get rid of the local US Rep who keeps voting NO.

Next, press for taxing the rich and large corporations. Eliminating loopholes and corporate subsidies. Make them pay for their greed. However, I would change the tax laws for corporations and the extreme rich. Lowering the tax from 35 percent to 25 percent with no exceptions, deductions, tax credits, subsidies or any tax holidays. Just a flat rate. I would also tax capital gains by the same rate. This would make tax laws fairer for all.

Anyway, this is what I would concentrate on if I were part of the Occupy Wall Street movement. I wish you guys well. Good luck.

I want the money to come up here, not down there.

To give some clarity to my earlier post, I must mention a few more things.  Congress is resisting to grass root jobs programs because of many things.  Almost too numerous to mention here.  But, I’ll mention most of them anyway.

First you must understand Congress and big monied interest are sharing the same bed and both are consenting adults.  Right?  Absolutely a quid pro quo relationship.  Sort of like Congress standing by the road with a sign saying, “Will work for good money.”  Doing almost anything corporations, banks, and Wall Street ask Congress to do.  And for sure in return for cold cash for reelection campaigns and a bit more.  So you know for sure money is involved in this illegitimate relationship and willing hands to take it.  Something like Congress suckling the breasts of the adulterous lobbyists.

Second of all congress and their Sugar daddy organ grinders prefer any money spent be filtered through the upper tiers of big banking and Finance.  Absolutely not down at the grass roots.  They lose control of the money that way.  Free money is slow coming if perk elating up from the roots.  It has to pass through too many hands resulting in lesser amounts of money making it to the top.    Big Biz prefers the trickle down method instead.

Let me explain the bubbling up method.  A new hire worker is paid, he or she goes to the store to buy something, a retailer receives their money from purchases, some goes to pay the retailer’s hired help and overhead, tax money is skimmed off and sent to the city or state, wholesalers get their share, and then if anything is left bankers get the remains.  Leaving a lesser amount to add to the big bankers savings account.  So, you can see why Big Money Bizzes haven’t ever liked federal program jobs down at the grass roots level.  It takes the control away from Big Finance and Banks and leaves them with less.  Less than if they got the money first.  Are you following me?  Good.  We’ll continue this discussion later.