Oct. 10 (Bloomberg) -- President George Bush said the U.S. government will ``aggressively'' use a ``wide range of tools'' to help stabilize markets and resolve the financial crisis.
This is Bush-speak for underhand market manipulation. In these times, taken at face value, that need not be a bad thing but it is leading us further down the path of a command economy (e.g. do it Soviet style). If all the banks and financial institutions are owned and controlled by the state, you have a command economy, like it or not. More likely we will end up in the USA with an ogliarchy, headed by the US patricians. This is pretty scary stuff and we won't be able to roll it back. I don't suppose that the 'people' will be given the chance to vote on any of this.
What can you do? Nothing, really, other than try to preserve your wealth, preferably in your sock drawer. If you can think of something we can do as individuals, please leave your suggestions as a comment on this blog.
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