From E Pluribus Unum to E Pluribus Hokum
(2008-09-23 20:52:53)
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E Pluribus Unum is the moto on the US coinage after the great seal. It means: There are many, one. Or in easy understanding form, there are many currencies, I am the one and only.
Now with the financial crisis unfolding, the measure after measure of FED liquidity injection to save all irresponsible parties, it turns the US currency into E Pluribus Hokum. It then means: When the gambler bails out the casino.
What a drastic changes in a simple 6 month's time frame since I last wrote.
The US's social structure changed. It turns an Owner takes the responsibility society into a rewarding thiefs, and punish innocent social structure.
The consequences of the changes are profound. The banks will act like who cares manner, for the bad debts will be absorbed by government and ultimately the tax payers, and financial industry will continue risk their depositor's money to gain personal wealth.
We are doomed. A country of immigration of choice, will forever lost its attractions when waves and waves crisis happen in the coming decade.
USD will have diminished currecy authority and the people will suffer with coming hyper inflationary consequences of changing from E Pluribus Unum to E Pluribus Hokum.
Stay safe if you are aware of the grave consequences of a changing moto in currency. Ten more years, US will be a second world country, mark my word for it.
US needs a responsible leader, but that is far scarce to find.