Too Small To Succeed

On May 1, it was announced that JP Morgan Chase, a huge bank, one that is ‘’Too Big To Fail’’, had just bought First Republic Bank, immediately before the stock market opened. Now the capitalists can breath a big sigh of relief, as they have just ‘’averted a broader financial crisis’’. Now that one of the ‘’Chosen Few’’ has bought a ‘’regional bank’’, one which collapsed because it was ‘’Too Small To Succeed’’, the capitalists are convinced that they have ‘’contained the contagion’’. 

Fools! We can only marvel of the stupidity of such simple minded souls! They think that just because a ‘’central bank’’, bought up a ‘’regional bank’’, one which ‘’failed’’, then that will prevent a ‘’run’’ on all banks!

Common people are not entirely stupid! They are well aware that the banks have no where near enough money, to cover all deposits! In fact, the banks are short by somewhere between  nine and nineteen Trillion dollars! Only the first quarter million is insured! 

It is just a matter of time, before that sad fact sinks into the thick skulls, of those who have considerable money in the bank. After all, there are numerous small businesses which count on having cash in the bank, in order to pay their bills, as well as make payroll. No doubt, the smarter ones will attempt to draw their money out, before the banks collapse! 

This is bound to give rise to an old fashioned -1929!- run on the banks! The ‘’fortunate few’’, the ‘’early birds’’, will be able to ‘’grab their cash’’, while the ‘’vast majority’’, the ‘’johnny come latelies’’, will be left reciting the old refrain, ‘’if only I’da’’!

As previously mentioned, there is one lonely bourgeois economist, who is giving an honest assessment of the financial situation. This is not to say that he is principled. After all, he is a capitalist. It is simply a fact that he has found that such an approach is profitable, as so many fellow capitalists listen to him. He advises them on the best way to protect their capital, and they pay him for this. 

He expects a financial collapse, as countless regional banks ‘’go down the tubes’’. This will in turn lead to a Second Great Depression. He maintains that this week is ‘’critical’’. He is very likely right about that. 

Bear in mind that First Republic Bank had assets of $233 Billion, on March 31. Yet within a month, it was broke! Even with all those ‘’assets’’, it was still Too Small To Succeed! This now famous bank, which was worth such a fortune, was still ‘’thrown under the bus’’. This is to stress the fact that the middle class is being quickly wiped out!

In fact, all ‘’small businesses’’ are now living on borrowed time! The monopoly capitalists, the billionaires, are about to see to that!

The monopoly capitalists plan a repeat of the Great Depression. After the ‘’crash of 1929’’, the monopoly capitalists did not lose a dime! They made sure that it was the ‘’lower classes’’ that paid the price! 

Now with the banks about to fail, and the country facing default, the billionaires are planning, once again, to place the burden of the Second Great Depression, on those same ‘’lower classes’’, the proletariat and the middle class, the petty bourgeois. 

It is not just the lower strata of the middle class that will be ruined. The ‘’upper middle class’’ strata will also be ruined. Those who own rather sizeable businesses, can expect to face bankruptcy. The billionaires, the members of the monopoly capitalist class of bourgeoisie, will see to that! Only the largest banks and multi national corporations will be left standing! Only those that are Too Big To Fail!

With that in mind, may I suggest, to those ‘’upper middle class’’ people, that you do not have any future under capitalism. On the other hand, you have a bright future under Socialism! 

After the Revolution, there will be an urgent need, for people who have experience, running a business. Such well respected people will be put to work, and paid accordingly. 

That stands in stark contrast to the members of the bourgeoisie, the billionaires, those who do no work, under capitalism. They merely ‘’invest’’ their capital, and demand a ‘’proper rate of return’’, on that capital. They have no marketable skills!

Now to return to the members of the upper strata of the middle class.

No doubt, all such people are well educated, aware of the Revolutionary theories of Marx and Lenin. May I suggest that it is in their best interest to take part in the formation of a true Communist Party, one which calls for the Dictatorship of the Proletariat. 

There is no time to waste. That honest bourgeois economist, predicted financial devastation within ninety days. He was perhaps being optimistic.