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Monthly Archives: September 2008

Welcome to the Third World

http://www.freedomscribe.com For many years, in the less fortunate countries around the world, a distinct leadership pattern has emerged. First the leader steals the elections and assumes dictatorial powers. As the word gets out about the elections being stolen and unrest appears in the streets, the leader declares martial law. Finally, when the leader can't steal any more elections, he robs the Treasury blind and flees the country.

Bailout Theatre presents: Explaining the ‘Meltdown’.

All we really need to know to understand the 'meltdown': If your country is operating with a 'fiat' currency (i.e. backed by nothing) then you are living in a 'debt' economy. A debt economy is wholly run by private international bankers, acting as the receivers for a bankrupt nation. The bankers ensure that this state of bankruptcy remains permanent. As the nation has no substantive wealth (e.g. gold reserves) the government is forced to put its own people up as the collateral.

“Doing nothing is not an option,”…Steny Hoyer

Great words coming out of "Steny what's in it for me Hoyer"...no?! I surely hope the electorate continues to put intense heat on these Congressional slimeballs and not only say no, but HELL NO to this corporate welfare plan for their buddies on Wall Street and the banking sector. Most people don't understand the markets. Genuine free markets do not and should not go up forever. On occasion just like the seasons themselves there has to be change and this change represents a selloff so price and value can shake hands in the market place.

The Pryce of stupidity

The following is a letter to my Congresswoman, Deborah Pryce of the 15th Congressional district in Ohio: Congresswoman Pryce, I am dismayed at your vote on Roll Call 674 http://clerk.house.gov/evs/2008/roll674.xml But I guess we should not be surprised that you prefer rich bankers to real people. This vote highlights your betrayal of honest hardworking Americans and shows us your true masters. Time and again you have voted against the American people. You have handed Bin Ladin his victory over America by fundamentally changing our system of government.

There is a real danger that McCain will start World War 3

Okay, you want some real meat and not campaign rhetoric. McCain has received more Military Complex money than any candidate in this election -- primary or not. Why? Because he is the man most likely to wage war. Any war. He wants to stay in Iraq, spending $4566 PER SECOND in Iraq while Afghanistan spirals out of control. We Have the Bailout Money--We're Spending It on War

Bush, Congress go back to drawing board

Top congressional and White House officials, stunned when the House rejected a massive rescue plan for the nation's economy, scrambled to structure a new bailout proposal that would attract reluctant lawmakers and still soothe the unnerved financial markets.

"Doing nothing is not an option," House Majority Leader Steny Hoyer, D-Md., said after seeing the $700 billion emergency package for the nation's financial systems fail 228-205 on Monday.

How McCain blew it

Republican John McCain has maneuvered himself into a political dead end and has five weeks to find his way out.

Last Wednesday, McCain suspended his presidential campaign to insert himself into a $700 billion effort to rescue America's crumbling financial structure. In so doing, he tied himself far more tightly to the bill than did his Democratic opponent, Barack Obama.

McCain gambled, threw snake eyes

The house always wins, gamblers are warned, and the U.S. House made John McCain pay Monday for his politically risky, high-profile involvement in a financial rescue plan that came crashing down, mainly at the hands of his fellow Republicans.

Repudiating George W. Bush

We may have witnessed the final implosion of the Bush administration with the rejection of the president's $700 billion bailout package.

Repudiation doesn't come much stronger than having 133 House Republicans ignore President Bush's plea that "our entire economy is in danger" if the bailout didn't pass. Brushing aside also the pleas of the administration's two top economic spokesmen, Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke, the Republicans provided the bulk of the 228 "no" votes.

Time for a new way of thinking

The current financial crisis and proposed bailout remind me of Jubilee, the Jewish ritual year described in the 25th chapter of Leviticus.

Jubilee occurred every 50 years, and it represented a sort of return to a financial Square One for the Jews: debts were forgiven, property that had been sold was returned to its original owner, and any Jew who had fallen into indentured servitude because of debt was released of his obligations.

In short, everyone got a fresh start every 50 years. Needless to say, it's been a long time since this ancient ceremonial year was observed.