Cash, the buck, currency, the greenback, and dead presidents are first derivative of the US economy and the American dream. It’s the dollar, stupid.
The dollar is first derivative and first level patronization of the American dream. That is to say, it has no value except backing and support by middle America. It’s paper. It’s a promise. It can be massively printed, duplicated, and devalued. The dollar is slippery that way. First derivatives of value are always slippery. The only thing, in the universe, more slippery and slimy than a first derivative, is a second, third, fourth, or fifth derivative.
A person buys a house using the dollar, the first derivative of the US economy and the American dream. The house is paid for by a stream of dollars. In the meantime, the house is purchased by a banker, a middleman, using borrowed federal reserve dollars (middle America’s dollars). This is called a mortgage. A mortgage is paper, a second promise, a second derivative of the US economy and the American dream.
The mortgage derivative is definitely slimier than the dollar derivative. It’s a second level promise. It has more fine print and complexity than just the dollar alone. A mortgage is a first derivative on the dollar, a derivative itself, and second derivative on middle America and the American dream.
Enter wallstreet. Wallstreet bundles up mortgages into “financial instruments”. These instruments have their own fine print and complexity. Bundled mortgages are a third level promise derivative. Default insurance on bundled mortgages are a fourth level promise derivative. Each level of derivative is more complex than the previous involving greater risk at sale and purchase. Red/blue #c535+1 government allows infinite derivative leveraging and infinite increased derivative trading risk. The only limit is the willingness of buyers (sucker born every minute capitalism) to trade/buy/sell higher and higher, 4th, 5th, 6th…,derivative “financial instruments”. This is lasai-fair free market derivative trading.
Multi-level derivative trading is an infinite leverage and infinite risk enterprise. Not only does middle America “put up” with multi-level derivative trading, it puts up with universal high prices generated by these trading schemes. There is little or no regulation of derivative trading and no taxes on dollars “manufactured from thin air” made through such schemes. The net result is high prices and a devalued dollar. This is due to the fact that these “casino” schemes, in reality, produce no gainful social or economic value.
The dollar, the first derivative of value for the American dream, is owned by middle America. This is because middle America is final backup/backstop for the dollar’s value. Wallstreet, easily overcome by trading insanity, quickly forgets that all the “financial instruments”, making them so much money, are but higher derivatives to the dollar, middle America’s responsibility. As the wealthy elite “milk” dollars from the economy by trading “financial instruments” it is very convenient to forget. The foundation supporting all trading schemes is the dollar and middle America.
Economic patronization of America and the American dream increases with each derivative level of “financial instrument” invented and traded. Each derivative level, starting with a mortgage, is higher level of patronization of middle America and the American dream. At third and fourth levels, the patronization of middle America quickly becomes extreme (radical). What works on paper (derivatives) doesn’t equal reality.
It is particularly galling (radical) to middle America when wallstreet “derivative casino game” failures require bailing out. It is unconscionable when these failures threaten the stability of the economy. Wallstreet must understand. It’s the dollar, stupid. No one likes to be patronized.
Wallstreet must also understand there are limits to wallstreet derivative invention and practice, just as there are limits to casino gaming and practice in Nevada. No one cries “socialism” every time a gaming law is passed in Nevada.
Today, middle America is particularly galled when “milked” wallstreet dollars are invested in out-manning, out-moneying, and out-lawyering middle America’s democratic representatives in Washington.
It’s common sense. When service in a restaurant suffers, more waiters are needed. It’s common sense. When fire breaks out everywhere, more fire fighters are needed. It’s common sense. When crime becomes rampant, more police are needed. It’s common sense. Building a house requires enough carpenters or waiting a lifetime for results. #c535+1 didn’t build Hoover dam. #c535+1 didn’t build the interstate highway.
It’s common sense. When democracy morphs to elected oligarchy and America lacks governance, send help to the few surviving democratic representatives. More representatives are needed. More presidents are needed.
Got science? NASA simulates mars. The MARP #c12209 committee simulates democracy. Born red/blue? Don’t die red/blue.
The MARP citizen-chamber does the right thing. The MARP autocrat-chamber gets it done. Third millennium citizen-democracy is unstoppable. Resistance is futile. https://twimg0-a.akamaihd.net/profile_images/438337117/Marathon_desktop.jpg
Step it up, America. Be proactive. Check out plan-b.
Article the First apportionment: http://en.wikipedia.org/wiki/Article_the_first
Iron Law of Oligarchy: http://en.wikipedia.org/wiki/Iron_law_of_oligarchy
MARP defined: http://wp.me/p1fQnO-dL
Plan B: https://middleamericareformparty.wordpress.com/2010/12/22/coach1640280-us-constitution-plan-b/
Transparent Budget Writing and Presentation http://middleamericareformparty.blogspot.com/2012/02/transparent-budget-writing-and.html
Abolish the fed. http://jrclifford.com/Jekyll.html
Start: #c12209 wp.me/s1fQnO-start @_marp @coach1640280
Twitter: @_MARP http://twitter.com/#!/_MARP @coach1640280 https://twitter.com/coach1640280
Audience: #c12209 #ows #occupy @OccupyTogether
Wanted: 12209 dedicated patriotic volunteers to secure America’s future & prosperity by forming a #c12209 MARP citizen-centered democracy committee.
Wanted: Presidential candidates (for one of 9 elected MARP executive branch presidents) 2016
May the #c12209 force be with you.