For instance, when the Federal Reserve cuts interest rates, people might decide to invest proceeds of their maturing certificates of deposit into higher yielding bonds and stocks. With so much information about people being electronically stored and available to government position holders, bank position holders, investment fund managers and financial officers of publicly traded corporations, it seems that if these governors, bankers, managers and officers got together to conspire to deflate the prices of the investments that their enemies and customers recently made, they could in fact do this. Simultaneously with the interest rate drops, the credit card bankers could further tempt the people whose certificates of deposit were maturing, with temporarily lowered-rates-of-interest credit cards and convenience checks, the bankers with their co-conspirators knowing that such savers might not only invest their C.D. proceeds in riskier instruments, but also some of their available credit lines. It may not be a paranoid tendency at all to think these interest rate cuts have been a gigantic bait and switch operation. The conspirators, furthermore, could convince people that they are whiners if they complain about being victims of a set-up plot. People have been psychologically conditioned to feel guilty for no reason and their noses perhaps are easily kept to their slave grindstones.
Lately, here in the summer of 2008, many people would lose hundreds and thousands of dollars if they had to sell off their holdings, some of which, even if acquired 8 or 9 years ago, haven't gotten back to the price level they were purchased at. Furthermore, the loans disbursement controllers would probably become fair weather friends and not loan such losers further money to get loser people through these depressed investment prices times. People aren't paranoid for being suspicious.
The overall American system pressures people to maintain personal responsibility. People try hard to live up to this personal responsibility expectation. On the other hand, attorneys seem to have an interest in making excuses for people who say they are victims of advertising and media messages. For instance, some people say the tobacco companies were at fault for smokers' lack of self discipline. So, could people say the media is at fault for their unprofitable investment decisions ?
Published by Jeff North
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