Speculate with Your Own Money!
Speculators borrow billions of taxpayer-insured dollars from regulated banks to leverage risky bets. Currency and credit is controlled not for the general welfare but for the speculators.
The Crash of ‘29 and the Great Depression, that nearly destroyed this greatest of democratic experiments, contained all of the lessons that if learned would have prevented subsequent economic damage including the Bubble of the 1990s, and the present Housing Bubble.
During the 1920s, speculators quadrupled their borrowings to buy stock. AFTER the inevitable Crash, government raised taxes, shrank the money supply, increased bank reserves, and curtailed loans to buy stock. If government had used these same tools BEFORE the Crash, the Crash would not have happened, but the government always lets the rich get richer before the poor get poorer.
Daily speculation in currency alone is now over $2 TRILLION DOLLARS dwarfing all commerce! The people, led by pension funds, must demand that their government take these preventive actions BEFORE speculators destroy more jobs, pensions, and world’s economy.