The Fascist Paulson Says....

"We can use the taxpayers' money more effectively and more efficiently, have it go farther and get more for their dollars and more protection if we develop a standardized program for making and encouraging equity participation."

Reuters

Is it me or....

does anyone else think that Neel Kashkari looks like a demented psycopath? I'm sure he's a truly nice man, a virtual puppy dog, working in the world of high finance and all, but you'd think he could have managed a friendlier PR picture.

Interesting Call

Walt Theissen over at the Nolan Chart just called me and said that Al Jazeera wants me to take part in a live discussion about the potential for a fascist takeover of the U.S. Apparently this will take place around 5:30 EST today. I'll keep you posted.

Patrick Ruffini: How can McCain win!!???

Patrick Ruffini is all in a panic. McCain and Palin have snatched defeat from the jaws of victory. He asks his readers for some ideas. My response follows.

There's no wisdom or judgement in the McCain campaign. McCain trots out logical fallacy after logical fallacy during the debates and apparently believes that his audience is just stupid enough to buy it.

He misunderestimates his own audience (the choir who may be dumb enough to believe it) and completely ignores the part of the audience he wants to sway.

Case in point. At the debates he repeatedly claimed that merely meeting with Ahmadinejad would give credence to everything the man has ever said in the past. He also falsely claimed that he has stated that Israel should be pushed into the sea and that was the intent of Iran. Not so, never was said.

But even if it were true, meeting with him would not legitimize the statements. The claim is grossly wrong and we should be extremely distrustful of anyone with such a low tolerance for logic.

McCain clearly would like to create more enemies for the U.S. Now, this is funny to an anti-war Republican such as myself because Obama is as hawkish as McCain. McCain can't differentiate himself from Obama. They're both Wiilsonian wanks who think the job of the US military is to go around bullying other countries to satisfy their own personal agendas.

So what can McCain do to differentiate himself from Obama? Nothing. They're both big spenders. McCain voted against Bush's taxcuts and then flip-flopped on the issue of making them permanent.

He's responsible for the un-constitutional McCain-Feingold law. That alone disqualifies him in my mind.

Both Obama and McCain, even in the financial crisis we face cannot even approach the possibility of reducing a 1 trillion dollar per year foreign policy budget which requires that we borrow 3 billion PER DAY from China to finance.

The McCain campaign is clearly doing the only thing it can do: run a grossly negative campaign and shoot itself in the foot. There is no other strategy that they have sans actually embracing constitutional conservatism and they won't do it.

Republicans had the chance to win this election but blew off the only candidate who could beat the Democrats: Ron Paul. You remember him right? He's the guy that predicted the recession of 1987 back in 1983. And he's the guy who predicted that the government would have to bail out fannie mae and freddie mac back in 2003.

He also has the solution. Oh...there's one thing McCain could do to win. Ditch Palin and adopt Ron Paul's platform verbatim. He'd win in a landslide just by repeating everything Dr. Paul has said about this ridiculous bailout.....but whoops...McCain wants to take credit for helping to get it passed even though 90% of Americans are against it. Brilliant. A shoe in for sure....

Martial Law was Threatened

Hat tip: RedStateEclectic

I Pledge Alliegance To The Fed.....

I pledge allegiance to the Fed,
which owns the United States of America,
and screw the public, more which it scams; One Note, under Gold,
irredeemable with liquidity injections forestall.
Forrest Bishop, 2008 Sept 26

A Fascist Coup

Fascism arrived in an unprecedented coup, and the shameless Paulson is already hard at it completely taking over the US financial system.

The hubris shown by Paulson is breathtaking. The "Office of Financial Stability" will be headed by none other than former Goldman Sachs CEO Ed Forst.

Paulson's plan is to buy "up to 250 billion" in 'toxic assets' from his cronies on wall street and then sell them at auction, not to individuals, but to "any financial institution that meets the Treasury's conditions."

Lehman, Sachs and any of the 'troubled' institutions that have their billions invested in mortgage-backed securities will start auctioning off these "properties" through the government to the state-chartered banks - competition to those who now run the show - thereby eventually eliminating their competition.

Sachs et al will be getting a twofer. Not only will they be getting "free" money from the treasury, but will also leave the smaller banks and investment firms holding the toxic waste. When those companies go out of business, Sachs and Lehman Bros. can snatch the assets back up, either for free, when the government seizes the assets at some later date, or at ridiculously low prices.

It is one big Ponzi scheme and the Congress just opened the door wide and totally sold the entire financial system to criminals.

If you thought that the 'Emergency Economic Stabilization Act of 2008' was going to stabilize the economy ,think again.

The Treasury could add three- and seven-year notes, as its borrowing advisory committee has proposed. It also could reopen existing notes and bonds, or even hold a series of one-time medium- and long-term debt sales.

``Under normal circumstances, the Treasury's financing decisions are guided by its desire to be regular and predictable,'' said Louis Crandall, chief economist at Wrightson ICAP in New Jersey.

``However, there is certainly nothing `regular' about this rescue package, so that approach is not relevant,'' he said.

You can already tell that Paulson and his cronies, in trying to cover up the largest economic blunder in history, are throwing all caution to the wind. This seems to be the norm in financial crises. The people are willing to take things slow and weather the storm while the financial gurus are jumping out of windows.

It is already clear that the medicine is worse than the cure and the bill was only passed today. Paulson will tinker and fiddle while Rome burns. With virtually no accountability and an unlimited supply of cash, any mistake he may make will be compounded by many more as he tries to fix the unintended consequences that arise from his tinkerings.

What he cannot possibly admit, and this is the grand irony, is that the fiat system he seeks to control and bend to his will cannot be mended. There is only one, inevitable outcome - bankruptcy. Because he cannot and will not admit this, and every one of the big asset-management companies he seeks to hire will be, by definition, advocates of this fiat-currency-based system, there will be no one to tap him on the shoulder, telling him what he seeks to accomplish is impossible. And were there somebody to do so, they would be dismissed faster than you can say "toxic asset."

We are quite near the end of the current dollar's existence and we should take care to have a say in the currency system that arises from the ashes. The people who brought you this mess will most definitely be advocating that the dollar be scrapped in favor of the Amero, yet another fiat currency. Lipstick on a pig, as it were.

When the system collapses, sound money is going to be the only way we can preserve freedom. But, we don't necessarily have to wait for the collapse to start using sound money. As the economy is wrecked and the hyperinflation starts showing effects, the only recourse is to get out of any dollar-denominated assets and hoard things that can be used as money. Gold and silver are the most obvious choices but there are plenty of valuable barter items including salt.

However it turns out, it's clear that there are a very small number of blameless politicians. None of those who voted for or advocated for the bailout should utter a word when remedies are proposed. And if they do, they should be ridiculed and shunned.

A Letter to my idiot governor

Open Letter to Govenor Rick Perry

An Historic Day

Today is Ludwig von Mises' birthday, the economist who predicted the Great Depression - caused not by an outdated gold standard as many historians claim, but by a federal reserve system.

Today the monstrous bailout of investment banks was defeated. But on Saturday, Congress voted for a 25 billion dollar package for auto manufacturers. Don't let your republican Congressman claim that he's a free market economy guy if he voted for that nonsense.

Governer of Missouri to Obama: You're a slimeball

Apparently, the hope-inspiring Obama has been making threats against those who write "falsehoods" about him. This has upset the governor.

"St. Louis County Circuit Attorney Bob McCulloch, St. Louis City Circuit Attorney Jennifer Joyce, Jefferson County Sheriff Glenn Boyer, and Obama and the leader of his Missouri campaign Senator Claire McCaskill have attached the stench of police state tactics to the Obama-Biden campaign."

What Senator Obama and his helpers are doing is scandalous beyond words, the party that claims to be the party of Thomas Jefferson is abusing the justice system and offices of public trust to silence political criticism with threats of prosecution and criminal punishment.tion about the election."

...

“Barack Obama needs to grow up. Leftist blogs and others in the press constantly say false things about me and my family. Usually, we ignore false and scurrilous accusations because the purveyors have no credibility. When necessary, we refute them. Enlisting Missouri law enforcement to intimidate people and kill free debate is reminiscent of the Sedition Acts - not a free society.”

Fascism

Chalcedon Foundation's Blog has a great definition of fascism taken from around 1944. It's quite clear that this bailout takes us to a clearly fascist state from the once-great Republic it was envisioned to be.

Look Ma! I'm a published author! (Sort of ) :)

Well, I did contribute a chapter to Ron Paul: A Life of Ideas but Amazon has only two authors listed. A bunch of us contributed and I haven't received my copy yet. That was a much faster release than I anticipated.

Update: Just got back from a trip to the mailbox and there were the two copies the publisher promised me. It's beautiful. All of the contributors are credited. Here's hoping that this one is sent to the top of the NY Times list. :)

Liberty's Last Hurrah

I see the bailout fight as our last stand.

Groveling for Dollars

Paulson got on his knees yesterday to beg Pelosi to wave the magic wand on the bailout plan. Today, Bush makes a short little speech to reporters to once again threaten us with global catastrophe if we don't support the power grab they've proposed.

Let me tell you something. They're panicking and they're trying to cover something up. You do not ask for unprecedented power like this to "save" the American people from financial catastrophe. What really needs to happen, rather than cow-towing to these threats, is an independent investigator should immediately start looking into Paulson's finances. The former Goldman-Sachs executive is up to his eyeballs in something sinister. Put this in perspective. The 700 billion they're asking is almost as much as the entire annual military budget of the U.S. They are facing personal losses. Not everyone was stupid enough to invest in mortgage-backed securities. They're trying to save their own bacon, not yours.

Funniest line ever.....

"The Market is not functioning properly....."

Yes, Mr. President. It is not "functioning properly" because you have decided to meddle in it.

Monsters Incorporated

A new article over at Nolan Chart. The bailout is just another Reichstag Fire.

Earth to Barak

Obama says that the bailout will delay spending programs.

Newsflash you moron, a 700 Billion dollar bailout, benefiting Wall Street bigwigs is a spending program.

So are perpetual wars, welfare programs, social security, corporate welfare blah blah blah. Do people really believe that Obama or McCain represent change?

Who said this?

We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself. We believe in the free market as the best tool to sustained prosperity and opportunity for all.

The Republican Party....

Thanks to The_Expatriate over at the-boondocks.org for this. Priceless. Why do I not stumble across these on my own? :)

It really is Robbery.

You won't hear this on the mainstream media channels. Apart from the fact that the government doesn't actually have any cash that it doesn't either print out of thin air or extract from your wallet - so you are in effect on the hook for the recent bailouts - the AIG bailout in particular gave the investment banks carte blanche to raid your portfolio.

"This is so important a topic, that it deserves top billing!!! Hidden inside the AIG bailout funding package, surely hastily cobbled together, but carefully enough to include a totally corrupt clause, was a handy dandy clause that permits raids. The conglomerate financial firms are permitted at this point to use private individual brokerage account funds to relieve their own liquidity pressures. This represents unauthorized loans of your stock account assets. So next, if the conglomerate fails, your stock account is part of the bankruptcy process. Finally the corrupt USGovt and corrupt Wall Street houses are desperate enough to put into policy, stated by the US Federal Reserve, outlining the authorized raid of your money."

[emphasis added]

Get out while you can.

Freedom's Fodder

A case where I was just handed some lyrics from the ether....

Freedom's Fodder

Gather round you plebes and listen to me sing
All hail the cogs inside our war machine,
In foreign lands they keep you warm and safe
In your good name they kill, bomb and strafe

All hail the King, Won't you kiss his ring?
"Oh you poor thing, I see you've lost your...thing".

Hear the thunder, see the lightning
Behold we bring shock and awe
We seek your praise, sons and daughters
To the glory goes freedom's fodder

What are riches to you in light of these graves
Give your good cheer and spy this flag that waves
Let go your pain let me comfort you
To those who lost a child we honor you
For those who object we have something too

All hail the King, Won't you kiss this ring?
"Just give me that and let freedom ring".

Hear the thunder, see the lightning
Behold we bring shock and awe
We seek your praise, your sons and daughters
to the glory goes freedom's fodder