After I wrote something this morning, "Jock" had a query:

Bill - I've joined this conversation mid-stream, and would benefit from a simple and basic summary of what's wrong, and what you're proposing. Perhaps other readers would too. I think I just see pieces of the puzzle you are describing. Thanks .. Jock

Here is the mail I sent to Jock:

Jock,

You want to know more about my complaint against the credit system, and bankers. It's unfolding day by day. Tonight I have an article coming out in Wall Street Journal. This afternoon I am being interviewed by the biggest biz magazine in Europe. I am on a mission. People are finally listening.

Consider this: you have allowed your banker to do things you would never allow your lawyer to do. In no other aspect of society would we permit our closest advisor to also be in the same financial transactions as us, and to also do it secretly, and in fact use our own capital to trade against us, and then run the exchange and the SRO's that have oversight of our complaints.

Would you -- say you were in the midst of a marital divorce for example -- ever EVER consider using a lawyer in the same firm as your spouse's, and then have those lawyer's advise you and your spouse to take certain actions, like selling a house for example, while they secretly buy those assets, and when you discover problems and complain, then allow these two lawyers to have a third lawyer in that firm manage the dispute resolution process?

You would never permit it! BUT THAT IS EXACTLY WHAT THE BANKS HAVE DONE TO US! They are agent broker, financial advisor, dealer, lender, and SRO. They are in 100-pct control, and we -- the owners and managers of capital -- have no control in trading our own capital.

And we are paying for it in the loss of capital while these bankers are making fortunes.

The nonsense has to stop. Society needs a financial system that works, one that we can trust. Otherwise we are headed toward anarchy, which will be no different than other eras when the People stood up to tyranny. Those people stood up for their own rights and made the system work for them. And so can we!

What I say here has nothing to do with socialism. It is in fact exactly the opposite. I value free enterprise, a diminished presence of government, free market efficiency, and personal sovereignty. These are not the values of a socialist. But the only way we are going to achieve a better system is to fight for social equity.

/Bill

I was too busy at the moment to thank Jock for his query, and for reading this blog, and to give him my best wishes for successful trading, so I'll do that now.

I was focused on the big picture, which is that this is a fight the People can win.

And in time we will. It's only a matter of time.

I never told Jock my plan because other than a re-write of the entire securities legislation in the U.S., I have no plan. I am only a social activist to the point where people start to see the problems, and start thinking how they can address them.