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Socialistic Takeover

The conversion of the United States to socialisim continues to march along. Fannie and Freddie are now part of the government! Tell me again how we can honestly knock the Chinese system given today’s action? Does this action mean that if U.S. equity markets were to crash that the Feds would take over all private corporations too?

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10 Responses to “Socialistic Takeover”

  1. Molecool Says:

    Yup, we now officially have swapped roles with the Russians.

  2. Merlin Dewing Says:

    I agree, and now the auto industry which has been mismanaged for years and totally out-competed by Foreign corporations thinks we should shoulder their burden. Free enterprise permits you to make money or go broke. Our arrogant auto industry choose their path years ago.

  3. Molecool Says:

    I propose we change our anthem:

  4. Molecool Says:

    Damn it - the Russian anthem youtube clip didn’t make it into my last post…

  5. Simit Patel Says:

    alas, it was inevitable.

    it starts with central banking….it graduates to fiat currency….add some government expansion along the way….

    once you take the central bank route, capitalism and the sound monetary policy that capitalism requires go out the window.

  6. Rick Says:

    A long time ago when we were in the midst of the cold war and many times since, when discussing with people about Russia vs United States and their way vs our way, I said that Russia and the socialistic way of life would eventually win. And, lo and behold, it is.

  7. Melinda Says:

    I came from China to US 15 years ago for grad school, didn’t know anything about capital market at the time. Now I trade China market at the mean time trading US market. Nothing to do in China market since you can’t short and the trend is down. But in US you may short FXI or long FXP. FXI seems always form good trend, either up or down, unlike SP 500, which is quite bumpy.

    China is moving toward capitalism by selling shares of government owned entities to general public, while US government is taking back FRE, FNM, or such. Where is US heading into? It amazed me how the two countries moved toward different direction, and both paths seem bumpy at this moment.

  8. taylor boyd Says:

    God forbid that anyone should be allowed to suffer the consequences of their own actions!

  9. Michael L Beatini Says:

    Socialism (or is it fascism?) started with the Chrysler bailout in the 70’s. The interesting aspect of the USA’s form of Socialism is that it applies only to corporations and not individuals.

  10. Michael Covel Says:

    AIG now. Just gross.

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