Some Good News For Those of Us Who Are Sick of the Corruption
Phoenix Capital Research's picture
Submitted by Phoenix Capital Research on 02/01/2012 12:40 -0500
Ben Bernanke
Ben Bernanke
Capital Markets
Corruption
Gallup
Insider Trading
MF Global
Pork Spending
Testimony
At some point someone will talk… and that’s when things will get interesting.
The last four years have been something of a high-water mark for corruption in the US. Whether it’s Solyndra, Congress’s insider trading, MF Global, the countless pork spending bills from Congress, or any number of the other hundred or so incidents that have made decent ordinary people outraged, we’ve definitely entered a period in which everyone knows the deal: the power elite live by a different set of laws than the rest of us.
A record 64 percent of American adults surveyed by Gallup in a poll released Monday rated the honesty and ethical standards for members of Congress as "low" or "very low.
The question all of us are thinking is “when will this change?” The answer has much to do with the nature of corruption itself. Corruption is only possible if the benefits to the parties engaged in it far outweigh the potential consequences.
However, as soon as the potential consequences become real, that’s when everything changes: people start talking/ confessing, and the corruption begins to come unraveled.
We had a taste of this with Ron Blagovich and Jack Abramoff. We’re going to be seeing more of this in the future as well. And it’s going to be the debt deleveraging that forces it.
Let me explain.
http://www.zerohedge.com/contributed/some-good-news-those-us-who-are-sick-corruption?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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