The specter of financial socialism is haunting global financial markets. Where free markets and the magic of the invisible hand were always the fundamental pride and strongest weapons of the United States in the fight against communism, America now appears to have abandoned its core principles and is leading the charge toward financial socialism. The role of government in America’s economy is surging and the bigger it gets, the lower the credibility of free market capitalism gets around the globe.

One of the greatest enemies of capitalism of all time, Vladimir Iiyich Lenin, said: “There are decades when nothing happens; and there are weeks when decades happen.” In America, this is exactly what occurred.

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