concerns have been forced out of business, due in some cases to the inability to compete. As competition is reduced in the market, the larger businesses gain more control over the market resulting in price fixing and other corruption. In the past, large business firms were prosecuted for strategies implemented to eliminate competition, through anti-trust laws and legislation. In addition to the above, invasions of privacy, have resulted in business ideas stolen from some individuals and used by other individuals for their own business gains.
Homeowners, in some cases have received their mortgages under fraudulent conditions which have contributed to bank collapses and bailouts by the government using taxpayer funds. On the other hand, the selling of mortgages has resulted in a change of the terms of the mortgage, for example in escrow withholdings. Notoriously, when a mortgage is sold to another bank, that bank sets its own terms, usually requiring an increase in the escrow account. This has caused increased financial hardship for many homeowners.
Also, more than fifty percent of the employed in this nation are now working for the government, or in essence for the population of people, as servers of the public. This overabundance of public employees are usually paid well with generous pensions, where they are promised a certain amount of money annually, after retirement. As a matter of fact, a recent article published in USA Today, dated August 10, 2010, states that federal employees are earning double their private counterparts. On the other hand, the business and commerce people (those earning the money to provide for the country’s needs), have been forced into 401K retirement plans based on the volatile stock market. After retirement, business and commerce people usually receive a lump sum payout. If the stock market is low at the time of an individual’s retirement, the business and commerce worker, has a meager and probably a barely livable to unsustainable reserve of savings for their elder years. This system is completely unjust and is based on corruption. One may perhaps believe that evil is using government employees to kill the business and commerce employees. Social security has also been mishandled resulting in shortfalls of funds. At this writing, it is expected that monthly payments to the elderly will be reduced and there is discussion about possibly eliminating this system in the future.
The Federal Reserve system is basically a loss free, private enterprise for bankers. The premise of the Federal Reserve is that during prosperous times, all profits return to the private bank. During economic downturns where losses can be expected, the cash shortfalls are charged to the public. It is incredible, that the population of people have accepted this highly corrupt system. Perhaps a complication of language (see the Manipulative Psychology Commentary), made this system purposely incomprehensible to most people, to achieve the goal of earning corporate and personal profits and charging losses to the public.
Thus, most can realize that a review, scrutiny, and overhaul of this economic system is necessary. It is obvious that the private system of banking should end. Public bankers overseen by private auditors and businesses of law, assigned by and reporting to government will alleviate much of the corruption of the current system. It is important to realize however, that the government overseeing the public banking