The U.S. Treasury is a college kid with their first credit card . . .

[Kevin Keithley]

Am I the only one who noticed the U.S. economy has shifted from a private credit facility [i.e., banks] to public [i.e., Treasury]? In short, the credit crises formed by borrowers and lenders abandoning credit risks is now what our government facilitates. The U.S. Treasury is a college kid with their first credit card: spend like there’s no tomorrow and someone else will pay the bill.  Some 411 accompanied with a 911: we’ll get the bills for the capital infusions into AIG, BOA, and other acronym debtors as future tax bills. Fact: as a resident of California, I pay a surplus to PG&E from the Enron debacle former Governor Davis saddled upon us and cost him his job. [By the way we now call PG&E (Pacific Gas & Electric) Pay Good & Enron.] The government is not stupid: Put the tax on basic utilities and you’ll pay. Get ready for the greatest tax incentives in the history of the U.S. while confidence lost in the dollar cheapens our asset base.  All showing up in the goods and services you consume at a store or service near you. 

But wait there’s more . . .

At the risk of being Andy Rooney:  Am I also the only one who noticed the taxpayers who put their money into these irresponsible financial companies [by purchasing their stock] are the same taxpayers putting the money into them again only this time via the U.S. Treasury?  The definition of a Ponzi scheme is when you use later investors to pay off the first and this continues as long as the investment capital arrives. Anyone else see the similarity between the banks and the government infusions and a Ponzi scheme? The cliché, "tip of the iceberg," meaning the visible trouble is only a small manifestation of a larger problem is defined by these actions.  The Trojan Horse is the capital extended to keep the economy afloat comes from the same source of the capital: you and I.  We’ve changed our credit clothing but our financial wardrobe will always (and in all ways) tell who’s exposed when the tide goes out:  you and I.  Let’s be responsible, accountable and in integrity to ourselves.  Financial cancer is attacking the cornerstones of our democracy as moral hazard continues and intellectual treason advances. By the way, for a real-world practical solution take this on: How you handle your finances is how everyone else does.  Hopefully this puts you in a “don’t litter in my yard and I won’t litter in yours” paradigm. If you’re in debt right now, treat it as money spent on getting an education and education is still the best investment you can make and shift worry to belief in your Self and remember, life is not about what happens but how you interact with what happens.