Several major Entertainment Establishments have run up against a string of bad luck - the house's bad luck - percentages were on their side but something happened and suddenly they weren't raking in a constant profit of the house's share of the slots and the tables. People weren't coming as much and the ones that did were going home loaded! Imagine, the Entertainment Establishments kept the glitter and talked the talk and walked the walk - but things were shaky. The High Rollers kept coming because the word was out and the stakes were high and it was time to come and get theirs. They came in droves, no one could lose a bet. The Casinos were on the ropes, families weren't coming, the little stuff was just the compulsive gamblers and they were winning, too. How could this happen?
Since the lights were about to go off in Vegas, the joy gone and the ripple effect of the collapse of the entertainment industry threatened the economic security of Nevada, then California (what to do with hundreds of unemployed chorus girls in feathers?). The FEMA was called in before the total collapse, it would have been the Treasury but they were busy saving Wall Street. Bugsy would have been proud, the mob wins again...
Sorry, the story is so short, the economy is built on work and it is nice to have credit for those things one really needs and can repay - but loan sharks and creditor slavery weren't lawful once upon a time, and they aren't really what keeps America functioning. Did you ever see the collapse of America on Banking Holidays, weekends or because the big money guys were off to Europe or the Caribbean stashing their loot? I don't really think I need them, do you? Nope, you don't have multi-million dollar political campaigns to finance, do you?
2 comments:
Nice analogy Earl... too bad it's pretty damn close to the truth...
After the Heller decision, I actually had some hope for our future. Now, not so much.
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