Cultural, Financial & Poor Semantics Bottom?

One thing good about hitting bottom is that the next vector is assuredly up. Hopefully The U.S. and world financial meltdown will usher in a more sane use of laws, money and words.

A sane use of laws and words would include more regulation of the financial markets. This would offset the criminal provisions of the Commodity Futures Modernization Act Of 2000. The Act allowed the constructive legal-criminal swindle by Wall Street investment banks via the Acts provision that " specifically banned regulation of credit default swaps" and "over-the-counter energy trades and trading on electronic energy commodity markets". The notion that the Act and its verbiage orders no regulation is somehow legal and a worthy piece of regulation is an oxymoron on its face. This Act led largely to the collapse of Wall Street and $147.00 oil . It endangers economies worldwide. Words do matter. Laws do matter. Political correctness and the misnamed Commidity Futures Modernization Act lead to the wrong conclusions.

The financial mess is welcome in some ways. Certainly there will be less or no money for wars of choice. Social problems that perpetuate dependence will have to be cut back and Washington has been exposed as more part of the problem rather than the solution. We need more states rights with taxes and individual behavior being more of a local affair.

Anyone For Secession?

The 19th century English historian Lord Acton said, " Power tends to corrupt and absolute power corrupts absolutely."

The power that has flowed to Washington along with the enormous muscle of fiat money has indeed produced freaks that run our government and those that wish to replace those freaks in their postions of administration. Certainly John McCain is a dumb as a post for "scorning a woman" in public. His juxtapostion of Britney Spears and Paris Hilton to Barack Obama demonstrates a bankrupty of serious ideas for governing. And what about Obama? As president will his feet be just a different kind of clay. McCain and Obama want Bush's job who is arguably the first moron to achieve such heights.

Lord Acton wrote a letter of condolance to General Robert E. Lee after the surrender of the Confederacy. Acton foresaw the coming corruption that all wealthy central governments bring. The South's loss was a loss of states rights which is the only foil against the monsters in central government.