今年，在 911 前夕，房地美和房利美這個金融雙塔也倒了。然後，9月15，雷曼兄弟和美林從世上消失。事實上，再加上被接管的 AIG，我們可以說金融有"三塔"倒掉了。
身為一個海軍陸戰隊與越戰老兵，我很遺憾的發現我當年獻身戰場所保護的自由，竟然被銀行家與政客所偷走(譯按：為了解救這次危機，美國國會讓予行政體系極大的權限)。不幸的，很少有人知道"國家主義"與"社會主義"的差別。社會主義是人民把權力交付給政府，而不是交付給大企業。現在這麼做意味著我們越來越脆弱，因而需要一個至高的權力來照顧我們 — 但就是相同的這個至高權力，把我們引進了現在的困境。(譯按：一般民眾為了求生活安全，把自由與獨立意識交出去，給大有為政府越來越多權限，希望政府能保護他們。亦即為了安全與保障放棄了自由與獨立，這與美國獨立建國的理念相違背。)
As we all know, the world changed drastically on Sept. 11, 2001, when the twin towers of the World Trade Center fell.
This year, on the eve of Sept. 11, the twin towers of Fannie Mae and Freddie Mac crumbled. Then, on Sept. 15, Lehman Brothers and Merrill Lynch disappeared. Actually, that was a triple-tower collapse if you count AIG.
In a few years, the biggest pair of towers will collapse: Social Security and Medicare. Even today, they’re looking shaky. How many ground zeros can we as people, a nation, and a world withstand before we admit something is very wrong with our global financial systems? What will it take to wake us up?
Government Can’t Fix It
Personally, I believe the biggest it’s a problem that so many Americans are looking to this year’s presidential candidates, Barack Obama and John McCain, to save our financial system. How did we become so financially weak that we surrender our economic independence to politicians? Where does it say in the Constitution that the government should solve our financial problems?
And why have so many people throughout the world come to expect financial life-support from their political leaders? It seems most people will vote for anyone who promises a chicken in every pot and a guaranteed mortgage payment.
We’re in the midst of a problem neither candidate can solve: A lack of comprehensive financial education in our school systems. What else explains the economic blunders committed by our political and financial leaders? Or why so many consumers are in debt up to their eyeballs? Or why millions of people expect a quick government fix of some kind?
A few months ago, a friend of mine from Hawaii asked me if I wanted to buy his new powerboat with twin motors. Apparently, in late 2007, he purchased it brand new for approximately $85,000. His plan was to refinance his house when it appreciated in value and use the difference to pay for the boat.
Failing to obtain new financing, he called to ask me if I would buy the boat from him — just take over the payments and it was mine. I passed, and the bank eventually repossessed his boat. Later, his wife called to tell me he’s now having problems making his mortgage payments. Apparently, my friend planned to pay for his house the same way he planned on paying for the boat, by refinancing his debt.
I mention this story because it illustrates the problem Obama or McCain face: Limited financial education and diminished financial common sense. Apparently, my and the nation’s business leaders all went to same school of finance.
A Cynical Aside
If you want to know why the towers of American capitalism are crumbling, I recommend reading “The Creature from Jekyll Island" by G. Edward Griffin. It’s not an easy book to find, but once you start reading it’s to put down. In fact, in many ways it’s a murder mystery about the financial “murder" of the middle class.
A very important lesson in the book is how political leaders use financial spin to deceive the public. The very, very rich use the system to legally steal from the rest of us by appealing to our sense of patriotism. When our leaders say, “We’re bailing out Fannie Mae and Freddie Mac because we want to protect the American people," they really mean “We’re saving our rich friends."
All the bankers and politicians have to do is wave the red, white, and blue, play a few bars of “Yankee Doodle," and the masses get teary-eyed and pledge greater allegiance to legalized robbery. Yes, it’s true that ignorance is bliss — but ignorance is also expensive, and it cost us our freedom.
Freedom at Peril
A bailout can be different things. First, printing more money is a kind of bailout that leads to higher inflation. Rather than protecting people, it makes life for the poor and middle class more expensive. The other kind of bailout is protection for our rich and incompetent friends. If you or I fail at business, we fail. If we cheat and fail, we go to jail. But if you’re rich and politically connected, your incompetence may be protected by a government bailout.
As a former Marine and a Vietnam War veteran, it saddens me to see some of the freedoms I thought I went to war to protect being stolen from us by bankers and politicians. Unfortunately, few Americans know the difference between the words “nationalize" and “socialize." Socialize means we turn more of our personal powers over to Big Brother, not free enterprise. It means we as a people grow weaker and need a higher power — the same power that got us into this mess — to protect us.
In short, when the towers of Fannie, Freddie, Merrill, Lehman, and AIG came crashing down, more came down than just money. What we’re losing is the very freedom this country was founded on, and what most of the world yearns for.