Bailing Out The Wrong People

Here is a great discussion of why the US should NOT be bailing out the rich:

https://www.cnbc.com/2020/04/09/chamath-palihapitiya-us-needs-to-let-hedge-funds-billionaires-fail.html

And here is another version, which includes a video link to part of the interview:

https://www.zerohedge.com/markets/let-them-fail-facebook-investor-explains-stunned-cnbc-host-why-us-should-bail-out-people

Here is confirmation of Mr. Palihapitiya's claims:

https://www.vanityfair.com/news/2020/04/how-private-equity-is-winning-the-coronavirus-crisis

Abe Lincoln once made this prophetic statement:

"All the armies of Europe, Asia and Africa combined, with all the treasure of the earth (our own excepted) in their military chest; with a Buonaparte for a commander, could not by force, take a drink from the Ohio, or make a track on the Blue Ridge, in a trial of a thousand years.

"At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide."

Source - http://www.abrahamlincolnonline.org/lincoln/speeches/lyceum.htm

For at least the last 75 years we have been committing national suicide. The reinvention destruction of our economy in the wake of the COVID-19 "pandemic" may be the final nail in our collective coffin. We were warned over and over about the evils of money and the money merchants, but we refused to believe such warnings.

I can't see how anything good will come out of the manufactured COVID-19 crisis, can you? We produce nothing, we consume far beyond our fair share of the earth's bounty, and we continue to exist on a steadily increasing mountain of debt which can never be repaid.

The ONLY way we can survive as a nation of free people is with a total repudiation of our debt and a total reset of our economy. Will we get such things? Not if we stay on our present course; not if we bail out the rich while starving the people.