Federal Reserve Bailout of AIG
September 17, 2008 2 Comments
It should come as no surprise that I am opposed to the latest bailout of AIG. So far it will cost $85 billion. The final cost is not yet known. Nationalism, socialism, and communism as guiding policies for our economy have far reaching consequences. Today the DOW dropped 447 points. Oil and gold soared on investor fears. Real assets like oil and gold will be worth more than the Federal Reserve Monopoly Money being printed now. Watch gold and oil continue to increase as inflation and dollar weakening intensifies. This is a great opportunity to examine our monetary system, and the merits of the gold standard (which our founding fathers constitutionally mandated after their disastrous experience with the paper based Continental Dollar). There are smarter and more eloquent proponents of this ideal than I am. One of them is Ron Paul, who was on Cavuto today. See the clip below.
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Why is it that our nation’s leaders are allocating our tax dollars to a non-governmental entity to bailout a company most of us could care less about? Since when does failure to operate a business properly merit the pity and hard-earned dollars of American citizens? I know of hundreds of business owners who have made mistakes in running their business; and not only does no one come to their aid one iota, but because they are self-employed business owners, even in a crisis they are unable to get access to simple financial benefits such as food stamps or Medicaid (that even illegal immigrants can get) when necessary!
Now’s the time to hold their feet to the fire and take back our civilization from these evil scoundrels. Karma’s a bitch and now those atop the pyramid are about to taste Her great displeasure at the greed and great injustice that the world economic and financial system causes and perpetuates.
Anyone who still thinks that money and imposed usury are a wise and just way to manage civilization is still suffering from strong delusion and needs to lay of the strong stuff. Humanity has long been duped into accepting the great deception that is money and banking. The world financial system is now in the process of a slow and inexorable implosion and the unraveling will make Enron look like child’s play. The mess created in recent decades and greatly magnified by the Neo-cons and their greedy cohorts is about to plunge the world into a great debacle.
It will soon become obvious, to even the most clueless, that it will be easier to step away from the deceptions of the past and finally fix our civilization so it works for everyone, not just a few. Why should humanity struggle and suffer any longer to repay debts and endure debacles created by greedy and deceptive monetary and political leaders? The power of the rich and arrogant is about to be blown away on the winds of irresistible change.
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Peace and Wisdom…