Isaiah 57 -- No Justice, No Peace

Right now in the US there is a great divide. The president exemplifies this divide. The news media has lost its credibility being accused of being “fake news”. People on either side of this divide see the other side as their enemy. The tea party with Sarah Palin was disrespected, mocked and ridiculed. This has caused an even greater animosity towards the media from those who feel their voices have not been heard. Their concerns are disrespected. 1 The righteous perish, and no one takes it to heart; the devout are taken away, and no one understands that the righteous are taken away to be spared from evil. 2 Those who walk uprightly enter into peace; they find rest as they lie in death. If we are going to understand what is happening today we have to consider several critical events. First, the Clinton presidency passed NAFTA. It was a very big political issue where Perot made it very clear that if this is passed your manufacturing jobs will be sent across the border. That is exactly what happened. People with very good jobs in manufacturing became unemployed. Cities like Detroit became abandoned and were boarded up. People in their 40s and 50s lost the dignity of a job that can provide for their families. Overnight alcoholism and poverty swept through like a plague and they knew that this was done to them by Clinton. Yet when you listen to the media no one says a word, when you listen to the politicians no one says a word. Then a new station, Fox news shows up, and they are the only speaking to your pain. This was the first blow, but the second was even worse. The Mortgage crisis was not some accident. It was a manufactured crisis. Banks were writing mortgages that they knew would blow up in five years and end in default. They did this because before they blew up they were able to sell the debt to investment banks who then sold them to pension funds. The banks made very good money selling these mortgages. People would pay the $1,000+ monthly mortgage for 60 months before defaulting and losing the house. Once they lost the house it went back to the bank who could sell it again. They didn’t need down payments because they would get the $60,000 in monthly mortgages. The investment banks also got rich with commissions selling these mortgage backed securities to pension funds. Independent rating agencies like Moody’s would give these a triple A rating not because they were a safe bet but because if they didn’t they would lose the business from these huge investment banks. Those were the winners.

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