Tuesday, November 15, 2011

UBS issues report on the Rise of the State over the economy

There was a time in history when economies ran as a function unto themselves.  When supply and demand worked hand in hand with sound money, and trade was a mutual thing between one or more nations.

However, since the 1930's, those who listened to, and chose to follow the insane polices of John Maynard Keynes and institute government intervention to spur artificial growth in the economy, are now finding that the final step in this process is a complete takeover of the economy by the state itself.

In a new report from UBS, the rise of the state over the economy is nearly complete, and it carries itself in the form of either Fascism, Socialism, Marxism, or any combination of the three.

Governments are encroaching into more and more areas of the world economy. This is not just through political drama (as we have seen in the Euro area), nor even through the conventional mechanisms of foreign exchange intervention. Regulation (and regulatory uncertainty), sovereign wealth funds, bond market manipulation and default risks all play a role in financial markets, and all are intensely political in their nature. - UBS via Zerohedge

You can see the entire report by going to this site.

For years, US Presidents, or candidates running for the Presidency, have given promises that THEY can fix the economy, and right the financial ship of the nation.  This is no longer simply a campaign promise, as the ability to control and regulate nearly every aspect of the markets and the economy is now contained in the myriad of government agencies under the domain of the Executive Branch.

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