Is it possible to summarize the complexity of what just happened to the American economy? Either we just saved the US and world economies with a pretty breathtaking rescue plan or, we just gave away more control of the US economy to the financial warlords of the world who have been controlling things for the past few centuries.
If the answer was the first then the villains of Wall Street have now been stopped, only a few hundred more insignificant banks should collapse, our government should make a profit of a few billion saving the banking system, and long term stability should return to our real estate and financial institutions. If we could figure out a way to throw out all the financial experts in the media who failed to be the watchdogs of the public interest for the past decades we would further strengthen our system. If we could throw out the Congress and the lobbyist corps sucking up to them it might even all work.
On the other hand, if the latter explanation is true, then we continued to have a government that is a puppet to much more powerful forces who can buy and sell all the nations of the world. The invisible power of this mysterious force that has operated in the shadows of the world the past few centuries is every bit as real as our media, our government and institutions.
However, even this force needs a source of life blood and that is the US so whether we are saving the financial systems of the world or saving the Masters of the Universe the result is probably about the same. Neither the forces of good or bad can afford to destroy our economic system. As we have witnessed first hand the past few days, as the US goes so goes the world.
The greed that forced us into this mess was prevalent throughout the world as the world was deeply involved in the US economy. They got too greedy, they forgot that if Americans aren't kept happy they will put an end to the gravy train. They compounded their problems further by using even more sinister techniques to try and save them from the mistakes they already made.
Thanks to a bewildered administration and comatose Congress, both seduced by lobbyists with endless piles of cash, the wizards of Wall Street spun a deeper and deeper web of deceit as the savings and loan groups, dot coms, home mortgages, oil and wheat futures and eventually the investment banks themselves fell prey and were milked of every last penny of profit from our financial system.
When it finally became clear that the Masters of the Universe on Wall Street were grounded on a foundation of quicksand the game ended and when the dust settles, and it will settle, and the economy has recovered and is back to serving as the cash cow again, no doubt the Masters will probably rise again and when they do we better be ready.
In the meantime the American public will be given stable banks and lower home prices. Lower gas and oil prices will return. Savings and pensions will be protected and jobs will be created. Inflation will remain stable and the stock market will again flourish. All of these things are the bones we are thrown for serving as the cash cow for the world. All of these things are the necessary progression of our historical cycles within our cultural evolution.
So how will this impact on the election? It doesn't matter. Whoever wins the presidency will be blocked from needed reform by an antiquated Congress who have been in office too many years to turn on the forces who keep getting them elected. No viable change will come until after the 2010 elections when the American public finally realizes that no president can be effective without a Congress willing to accept responsibility for past failures and embrace change. When the scoundrels are thrown out of office the change can finally be realized.