What is the link between our new healthcare laws and the economy? Why is the collapse of the economy tied to the healthcare changes? They are connected. Everything is connected. It is finding the connections that helps you to understand the bigger pictures.
In 1997 a group of government officials and the heads of the largest banks met to deregulate the worlds banking system and they did. Recently a letter associated with this meeting became public. Many are calling it the smoking gun of our financial crisis. Vice - The Confidential Memo at the Heart of the Global Financial Crisis. Top government officials and CEOs of the biggest banks got together to deregulate the banks across the world. If it were not for that action, the financial crisis would not have occurred. That is a fact.
Why would you deregulate a system that worked? You don't have to be a genius to know that every time we have privatized or deregulated an industry it immediately becomes corrupt. Think about this, your life is regulated more than the banks are. If you sold a gun to a terrorist, you would go to jail and be lucky to see a court. The banks laundered money for drug dealers and terrorists and some of them even paid a small fine. We created many laws after the great depression and they worked, soooo, we got rid of those laws and history repeated itself.
I know many older Republicans who have spent decades saying how government should be run by business. They believed in the American business model; but, the model changed and they haven't kept up. We outsourced our ability to be self sufficient. We don't produce anything anymore and keep all of our profits oversees. If government ran like private industry in America, we would send all of our taxes oversees to the Chinese and let their standards rule our lives.
Los Angeles Times - Google launches healthcare company Calico to extend life. So the healthcare business is supposed to be toxic because of Obamacare; but, governments and big business are all seeking to save money by putting their employees on Obamacare. In addition, companies like Google are investing lots of money in the healthcare system. What do they know that we do not? Is it that they know that the new system will track us, our health and our habits? That it will have value.
Yahoo - CNBC - Stocks are about to plunge, Wells Fargo warns. Soon; but, not yet. Patience, it will all unravel soon enough.
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