Fed Chairman Blames Banks For Continued High Unemployment

Before the banks, came industry that demanded maximum output for minimum input. Look at the salaries of degreed people in social service, teaching, nursing, health services, janitorial maintenance, food services. Consider the under qualified, over educated people in even low and middle management positions in corporate America who perform as little more than liasons and messengers between upper management and production personnel.

The banks (through design and the Federal Reserve system) are responsible for what's going on currently. But before they became the black (economic) hole in America, our system and culture had already surrendered to the greed of industry in general. And education in particualr after becoming a national growth industry of equal status. We have been led to believe that they are necessary and inseperable regardless of their focus on developing a national dependance upon them, while the quality of their product diminishes year after year for sake of complicit profits.

Now, for some of the most mudane, repetitive employment opportunities people must meet or exceed the degree of education that earlier physicians and attorneys needed only to be awarded wages that deny the validity of their qualifications, whether good or badly taught.

There is no one thing that has brought our economy to the brink.

We are reaping what we and our predecessors have sown in the culture we created.

A gluttonus creature that remains insatiable until it devors even the people who feed it.
Read the Article at HuffingtonPost