the survival of the richest; poorest be damned
Capitalism Stumbles : by Robert Kiyosaki, Yahoo April 14, 2008, 12:00AM "Most of us are aware of the sacrificial slaughter of Bear Sterns. Some people call it a bailout, but I call it a handout -- a government handout to some of the richest people on Earth, paid for by American taxpayers. It's the survival of the richest, and the poorest be damned. There's something dismal about a society that operates by those values.... When Capitalism Stumbles Bailing out the rich means over $800 billion from the Fed's magic checkbook entered the market. Immediately, the stock market rebounded and the price of gold and silver declined. The U.S. dollar strengthened against the euro. While this looks like a good sign, I'm afraid the problem isn't solved. The inevitable may only have been delayed. Our problem is a toxic U.S. dollar. Printing funny money steals from the poor and middle class, savers, and the elderly. It may be legal, but it isn't moral or ethical. As long a...