The bailouts going on are unconstitutional they have subverted our system of government and in the end they will totally destroy this nation. All government representatives that had any part in this have broken their oath to uphold the Constitution of the United States. They have made the citizens of the United States financial hostages of a world banking cartel. All involved in this coup should be charged with treason. Our system of government was set up with checks and balances to prevent just what is happening today. But the globalists, the cowards and the morally demented in the Legislative and Executive Branch of our government have given the government our founders set up away.

The Bitter Fruit of an Unconstitutional Bailout « FOX Forum « FOXNews.com

But history will be angry at them and their colleagues for betraying the Constitution. Their attitude underscores the reasons that the Constitution does not repose in the Congress the power to bail out individuals or private industry: Bailouts violate the Equal Protection doctrine because the Congress can’t fairly pick and choose who to bail out and who to let expire; they violate the General Welfare Clause because they benefit only a small group and not the general public; they violate the Due Process Clause because they interfere with contracts already entered into; and they turn the public treasury into a public trough. Worse still, Congress lacks the power to let someone else decide how to spend the peoples’ money.

As objectionable as the secretary’s change of mind has proven to be, as destabilizing as it was to the markets, as frustrating as it has been to the politicians who authorized it, it is not inconsistent with the statute that created the bailout because the Congress gave the Secretary the power to change his mind. It gave him, figuratively and literally, a blank check. In effect, the Congress delegated to the Secretary of the Treasury some of the power the Constitution has delegated to the Congress: The power to decide when, how, for whose benefit, and in what amounts taxpayer dollars should be spent.

This delegation of power to the secretary directly violates a basic principle of constitutional law: Delegated powers cannot be delegated away.

Full article

I thought I would comment on this Russian analyst prediction since it is all over the Internet news. He claims that the USA will break up. As some of you know I have been saying in my posts that the break up of the union is a possibility by 2013. However, I say that for different reasons than this moron does. The breakup will not be due to an economic collapse and dissatisfaction although that could add fuel to the fire. If the USA breaks up it will be because of two different ideologies in America that cannot be reconciled.

One ideology is based on biblical principles of morality, constitutional limited federal government, and on self responsibility and the other is based on liberal relativism, big federal government, and a socialist nanny state. If there is a break up of the American union it will be due to the heartland conservative states breaking away from the liberal states. It will come only after one ideology tries to force its will on the other.

I also find the breakdown of the regions by this Russian analyst to be rather bazaar. What he said makes me wonder if he knows anything at all about the demographics of the United States.

The Pacific Coast Chinese minority are not going to be a major factor for separation. The South is not Hispanic other than south Florida so Hispanics would not be a factor in the South. The South is the Bible Belt and that is why they might decide to separate. Texas could survive as a country by itself so I can see them seceding and if there is any breakup of the U.S. it will start in Texas.

After that the Russian analyst mentions five poor central states with large native populations. Huh? What states might they be? None of them are poor and the only state that has a significant enough native population to actually influence the state is Oklahoma but they would still go with Texas. He also thinks Canada has strong influence on the northern states? I suppose they do if you are only talking about beer.

This Russian even suggests that Russia could claim Alaska. I am sure Russia could claim Alaska. I believe some Russians already have claimed Alaska. But, Alaska would never claim Russia. Only a moron could think that Russia could take Alaska. Russia has a problem keeping the Eastern part of their own nation in Russia now. Russians need to keep their own country together before they claim a state that will stuff and mount any platoon of Russian invaders stupid enough to try invading Alaska on their dog sleds.

Lastly, he says it will be clear by spring that Obama will not have any economic miracles. Obama takes office in January. I do not think anything will be clear by this spring. Bottom line is that this guy does not know what he is talking about and I haven’t a clue why he even made the national news.

DRUDGE REPORT: RUSSIAN ANALYST PREDICTS DECLINE AND BREAKUP OF USA 2008®

A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts.

Professor Igor Panarin said in an interview with the respected daily IZVESTIA published on Monday: “The dollar is not secured by anything. The country’s foreign debt has grown like an avalanche, even though in the early 1980s there was no debt. By 1998, when I first made my prediction, it had exceeded $2 trillion. Now it is more than 11 trillion. This is a pyramid that can only collapse.”

Asked why he expected the U.S. to break up into separate parts, he said: “A whole range of reasons. Firstly, the financial problems in the U.S. will get worse. Millions of citizens there have lost their savings. Prices and unemployment are on the rise. General Motors and Ford are on the verge of collapse, and this means that whole cities will be left without work. Governors are already insistently demanding money from the federal center. Dissatisfaction is growing, and at the moment it is only being held back by the elections and the hope that Obama can work miracles. But by spring, it will be clear that there are no miracles.”

He predicted that the U.S. will break up into six parts - the Pacific coast, with its growing Chinese population; the South, with its Hispanics; Texas, where independence movements are on the rise; the Atlantic coast, with its distinct and separate mentality; five of the poorer central states with their large Native American populations; and the northern states, where the influence from Canada is strong.

He even suggested that “we could claim Alaska”

Full article

From what I read the United States is now guaranteeing $7.4 trillion in loans and bailouts and there is no end to this rising figure in sight. Our whole national debt since the nation was born is only $10 trillion. So if what they are doing does not work they could easily double the national debt in a year or two and we would meanwhile still be in a depression. Under those conditions the dollar would be finished in the world and America would be finished as a viable nation.

These people are betting the whole farm that they can get corporations and banks back in the black. If they continue to lose money many trillions of dollars will have to be created out of thin air and the dollar will be devalued until it reaches the price of toilet paper.

I think you should be informed about what the issues are and what is really going on. The Fed and the Treasury have been given unlimited money to go “all in” on this last bet to save our economy and they are putting up the whole USA as their collateral.

It was high stake gambling that got us in this mess in the first place. Almost all banks and investment institutions were gambling 20 to 50 times the value of their corporations on hedge funds and derivatives. They kept almost nothing in reserve to cover their loses thinking they could not lose. They borrowed twenty to fifty times what their corporations were worth in order to play at the tables. When the sub-prime market tanked and they lost a few bets they were too leveraged to cover them and they were bankrupted.  Since almost all financial corporations are now in the same boat they are all going bankrupt. The recession and tight lending is also making even the non speculators go bankrupt because so much wealth was removed from the system that these corporations cannot pay or even borrow money to keep their contract commitments. So the government is now stepping in and covering all corporate debt by the government. However, the government has no real money so they are using trillions of dollars of taxpayer IOU’s.

Those who gambled created huge bubbles that should never have been blown. The deflating of the bubbles is removing much wealth that really existed only because of unrealistic profit expectation. The government should have let these go out of business because once the government gets involved they insure and encourage additional unrealistic speculations.

If the government losses this final bet and the economic system keep deflating it will bankrupt the government of the United States and our government will either default on its debts or they will have to pay off their debtors with monopoly money causing a hyper-inflationary spiral that will bring a hyper-inflationary depression that could only be stopped by complete economic collapse and more depression. That is why they are in a panic.

If the government wins the bet it will be sort of business like usual but the loans from the government still have to be paid back and corporations can only do this by rasing prices, cutting workforce, and cutting pay and benefits. Thus, they will reduce the standard of living for stock holders, wage earners and pensioners and that of course lowers government tax revenues. So government deficits would stay high bringing higher interest rates for anyone still stupid enough to risk lending to the United States. If the United States keeps spending more than it collects, sooner rather than later it will bring a devaluation of the dollar and lower standards of living in the United States.

It is rather strange to me that the same people who allowed, encouraged and participated in the leveraging and speculation of banks and corporations are the same people that the government is now trusting to fix the problem. That is also true of Obama’s economic team. These are the same people with the same thinking that helped cause the problem in the first place. Now we should all trust them to go to the roulette wheel and bet the farm that the ball will fall on black? The facts are, if it falls on red we are finished as a viable nation in this world and if it falls on white it does not mean there will not be another worse crises a little down the road.

One thing I find incredible is the man who ran on “change” is putting all the same establishment people into power. You cannot get real change from the entrenched establishment elite. If they knew anything we would not be in this crises. Instead of leadership in a Democrat controlled Congress you now have a Congress that is giving out their responsibilities and unlimited power to Treasury bureaucrats and a Federal Reserve bank that is owned by the very banks it is bailing out?

One way of making Obama change is to give him a dollar. He will give you ninety cents worth of promises and ten cents in change. I always warn about “Lips Law”. Which says, that whatever a politician promises when running for office you will get the opposite after he takes office.

Obama promised change but you will get the same tired Democrat polices of the liberal Left. Probably much like that of Jimmy Carter. Obama’s slogan was “yes we can” but he will find out that he cannot with all those negative thinking people in the United States. Therefore, I predict that by the last year of his first term. That Obama will establish a national year of positive thinking.

Everyone will be told Oprah’s “Secret” that we get what we believe and what we speak in existence. Then for the next year you will only be allowed to say positive things about Obama so he can get reelected unopposed. In his second term he will create a new position more powerful that Hilary’s. It will be called Secretary of Divine Counsel. All hail Oprah and her divine earthly creation Obama. OO

I am adding this paragraph and link to a speech Dick Morris made because his speech really explains everything I said and more in a way that anyone should be able to understand. Believe me he gives a pretty scary picture. Like future hyper-stagflation, and a national health care system that will ration health care for the elderly even after Obama is out of the picture. Morris also thinks Obama will make the same tax mistakes of Herbert Hover. He says you are absolutely giving Barack Obama and Nancy Pelosi and Harry Reid a total blank check to pass anything in the world without debate if they get the 60 seats in the Senate. He thinks the runoff in Georgia will decide that. I guess Morris thinks Minnesota will be stolen in the recount. I say they already have the 60 votes necessary to not have debate because the two independents will vote with the Democrats and if necessary the Democrats will just change the rules of the Senate.

Here are two articles that document just how dumb Americans have become. Americans cannot even pass a basic civics test and the people they elect are worse educated than they are. Perhaps you should have to get a minimum grade on a civics test to prove that you have some knowledge of how our system operates before a person should be allow to vote. The second article just reaffirms the dumbing down of America that explains why Americans elect fools to lead them. What does that say about our failed public education system? All Americans who cannot get a passing grade on a basic civics test and all responsible for our educational system deserve my Demented, Delusional or Dumb Club award.

American Public Flunks Basic Civics - HUMAN EVENTS

*Fully 71 percent of Americans flunked a 33-question civic-literacy survey conducted by the Intercollegiate Studies Institute. Among 2,508 respondents ISI randomly selected, 1,791 failed this test of U.S. historical, political, and economic basics. The average score was just 49 out of 100 — a solid F. While just 2.6 percent scored Bs on this quiz,

*Just 49 percent of rank-and-file Americans can identify the legislature, executive, and judiciary as our three branches of government.

*Forty percent of college graduates have no idea that corporate profits equal revenues minus expenses. (Thus, congressional demagoguery about “windfall profits” falls on sympathetic ears.) Only 24 percent of college grads realize that the First Amendment forbids the establishment of an official U.S. religion.

*Amazingly enough, this sample’s 164 self-identified elected officials know even less than laymen. They averaged only 44, as the blind lead the bland. Among office holders, 30 percent did not know that the Declaration of Independence heralds “life, liberty, and the pursuit of happiness.”

“Our study raises significant questions about whether citizens who voted in this year’s landmark presidential election really understand how our system of representative democracy works,” said Dr. Richard Brake, ISI’s Director of University Stewardship.

Lt. General Josiah Bunting III, the chairman of ISI’s National Civic Literacy Board, describes his initial reaction to these results as “somewhat short of despair, certainly one of depression.” He adds: “These questions are designed to elicit answers to fundamental questions. A citizen should know that the president cannot declare war. A citizen should know the circumstances of the founding of the country.”

The grim results of ISI’s study reveal a crisis in this nation’s defining concept. In 1776, America’s Founding Fathers broke with Britain and established a country where men and women liberated from monarchic despotism would rule themselves, provided they were equipped with the requisite knowledge and wisdom. Will a people mesmerized by the televised humiliation of wannabe pop stars maintain this essential capacity for self-government? Thomas Jefferson’s warning remains as timely as ever: “If a nation expects to be ignorant and free…it expects what never was and never will be.”

Full article

The civics test can be found here

Obama-King of Fools - HUMAN EVENTS

Trying to explain how our economy works and why lowering taxes is always better for them and their country, than imposing higher taxes is an economic bridge too far for many of the Obama sheep. Unfortunately there is no “See Spot & the Economy Run” book for the hooked on phonics crowd. Many of these numbskulls can’t balance a check book or spell “e-c-o-n-o-m-i-c-s” but they sure know who will give them stuff. The lie is impossible.

Expecting these idiotscitizens to have analyzed the tax positions of Obama and McCain and arrive at a decision that truly benefits them and America is wishful thinking. The reason is that they know zilch about how the economy operates and worse, don’t care. Bama will take care of us. Four very scary things-a sow grizzly with cubs at closerange, a coiled rattlesnake in striking distance, me in a rental car in the left lane, and dunces with credit cards.

And indeed they are dunces, products of a tax burning, failed public education system. That is, if they even bothered to complete high school. They don’t read newspapers or books, and even if they did, I got twenty bucks that says they couldn’t comprehend what they read. They are morons in the first degree. And clearly, they vote.

If and when President Obama attempts to impose his wrong-headed, punitive tax structure, their stupidity is going to come back to thump them upside their vacuous heads with a very painful crowbar of reality. The economy works in strange and wondrous ways and has a unique way of severely punishing fools. Rare justice is a beautiful thing.

These dunderheads have no clue how the economic mess was largely caused by Democrats, including Obama. But Obama, recognizing how gullible, naive and dumb many of his supporters are, drummed it into them that the economic mess was caused by President Bush and the Republicans and that he is going to give 95% of Americans a tax cut when 40% of Americans don’t even pay any federal taxes. Investing deception capital in the stupidity of his supporters was a very wise move on Obama’s part. That is if you don’t really care about anything except getting elected.

Full article

I think most of our politicians and most Americans are living under some false delusion that the “yes we can” Candy Man is going to fix the economy. Before you eat too much of his sugar you might read about why that cannot happen.

This first article will have nice graphs and explanations why this is not an ordinary recession. It is my own view that it will lead into a conventional great depression unless we take the path of a  long term inflationary depression.

Think not? Read this article that gives 30 reason why there will be a great depression by early next decade. Having said that, If our government can do anything to prevent a depression they will. They are not likely to allow the nation to go into a deflationary spiral. They will just dump money fresh off the printing presses out of helicopters first.

Of course doing that pisses off people in other nations that hold trillions of our dollars that they actually had to trade for their own goods and services. With more dollars being printed you will have more dollars chasing the same amount of goods and services in the world which means that the prices of everything bought in dollars will be bid up, making the buying power of all the dollars that they hold buy less. So they will either get angry and dump the dollars at a loss or demand much higher interest rates to take the risk of holding them while they lose value. I believe this is economics 101 although it seems to me that those that are running our government probably took the pass/fail version of the course and only showed up for the multiple guess tests.

Anyway, higher prices on goods and services always means higher inflation and that means a higher cost of living for everyone. Also higher interest rates on servicing the national debt means government will have less money and they will have to borrow even more money or print more money causing an inflationary spiral. The article on this link will explain why government most likely will choose the path of inflation rather than let the country go into a classic depression.

I suppose you know that historically government has always shut down inflation by raising interest rates higher and higher until less people can afford to borrow. That does work, but it is very bad for business and for those who want to buy houses, cars and other items they usually finance. Since it would cost more to borrow, businesses would tend to not expand and some would go out of business and unemployment would rise. Only when there are less dollars to buy those goods and services will prices and interest rates actually start to come down. That is the way they have been managing our economy since world war II.

The crises now is that the interest rate controls that they used to keep our economy deflating or inflating over the past 60 years will not work this time because we are now at the start of a deep recession and interest rates are already as low as they can go. They cannot lower rates below zero or they would be giving money away. Government is now borrowing money and spending it like a drunken sailor and still the economy continues to tank. The only thing left for government to do to avoid a deflationary spiral is to give away money. That will put the government further in debt. The Candy Man has said he has no problem giving out trillions of dollars in the next two years to get the economy going again. Problem is, The Candy Man will come in office with the national debt at about $12 trillion. The sugar he will hand out from the national debt candy machine will put the nation $15 trillion in debt within two years. So, by 2011 the national debt will have increased 50 percent.

But as I already said, keeping the printing presses running will make the dollar worth less to those that hold them. Not only that, they will want higher returns to take the risk to hold them because the interest on our $15 trillion debt will be so large that they will fear, with good reason, that we will default on the payments. They certainly will demand more control over how we spend money in this nation and we will lose much sovereignty. The present economic crises is already lossing our soverignty as this link describes. It is amazing how one elitist controlled Texan can all by himself give away our nation to the European globalists.

But, getting back to the depression scenario, higher interest rates by the Federal reserve always brings national slow downs but since we will be coming out of the worst recession since the Great depression in two years and real unemployment will be running greater than 15 percent the government could not allow us to go back into recession. If they did it will turn into a 1930’s type great depression and civil breakdown. So they will keep printing more money creating an inflationary spiral better known as hyperinflation or an inflationary depression.

We saw that take place in Germany prior to world war II. It brought about the rise of Hitler. We saw it in Argentina more recently, and it is now taking place in Zimbabwe. That is most likely our future, but there is a small chance that government will instead cut spending and raise taxes significantly to pay our debt and then we will just be in great depression II but that will probably be worse than great depression I. If that should happen besides the civil unrest we will have to default on our debts, pull all our troops home from everywhere, and become a isolated nation or at least a nation that lost its sovereignty.

In any case, because of massive national debt and entitlement debt there is no way out of this one and whether we go into a great depression or hyperinflation the results for most Americans will be very similar. Living standards in the U.S. will be reduced to that of Mexico. Perhaps even worse, if we get in foreign conflicts or have great civil unrest and martial law. If that happens you will see a national draft, and rationing of everything.

This is not a pretty picture of the near future for the USA, but to be informed and to prepare for it is better than living in delusion. The “yes we can” Candy Man slogans will not be able to deliver us from what we cannot fix without great individual and personal sacrifice. it would be better to save the possive thinking “yes we can” slogans for those that will take part in the next revolution.

Obama obviously does not have a clue about what he is talking about on climate change. That is the danger of electing someone who has never learned to critically think for himself or just as likely is a controlled puppet of the global elite. To me it seems like Obama is just repeating what he seen at Al Gore’s horror movie. (Produced and directed by the world’s foremost crap and trade flimflam man.)

I will now rebut what I quoted of Obama’s speech below at the Governors Climate Summit.

• Climate change should be the least of the concerns of America and the world. There is almost nothing we can do about climate change and doing anything could be worse then leaving it to God.
• Global warming science is not beyond dispute. Man caused global warming is beyond belief and so say 31,000 scientists.
• Sea levels have been rising long before the industrial age and have nothing to do with man. We have been coming out of a little ice age for centuries and that is good because otherwise we could not support our world population and would have world famines and starvation.
• Coastlines are hardly shrinking they are quite stable water seeks its own level.
• We have always seen record droughts somewhere in this world and the droughts we have today are no worse than droughts in historical times.
• We do not have spreading famine in the world. There were much worse famines prior to the green revolution and throughout history. Most if not all famine today is the result of polices by governments and wars.
• Storms are not growing stronger with each passing hurricane season like Obama said. Ocean temperatures are not warming they have been steady or cooling for a decade. Scientific studies have also proven that warming temperatures would not produce more severe storms it would produces more global cloud cover and rain and less severe storms. The last couple of hurricane seasons were below average and the few we have had in recent years that were above average are as normal as the seasons below average. The more recent hurricane damage have nothing to do with global warming and everything to do with more people living and building on the coasts.
• Since there is nothing we can do about climate change there is nothing we can do about its effects on our economy except make it worse by spending money on a non existent problem.
• Since there is nothing we can do about climate change there is nothing we can do about its effects on our national security.
• Obama says he intends to start a cap and trade system. Doing so will raise the price of everything for no reason. That will have a very negative effect on our economy and national security.
• $15 billion a year spent on alternative energy will do little to change our dependence on foreign oil and if the economy grows at historical levels dependence on foreign oil will actually increase. You cannot decrease CO2 emissions to 1990 levels by 2020 unless you are planning on a national depression. Legislating an 80 percent reduction by 2050 will bring national suicide.
• Our planet really needs saving from people who play God and think they can save it by throwing money at climate change problems that do not exist and that they could do almost nothing about it if it did exist.
• You cannot spend money to create 5 million new jobs without someone paying for the job creation. Since that will be the people of this nation through higher taxes and higher cost of most products the lost income will lower our buying power and millions of other people will lose their jobs. There is no free lunch. Democrats think that government can create jobs out of thin air without economic consequences to others but that is nuts. Now, it is true, that if we create our own energy instead of importing it we can create jobs here but the most cost effective way to do that and to increase the most jobs is to increase coal production, coastal oil production and to advance mini nuclear power plant production (like those on subs).

So even on Federal climate change you should see how Obama will waste our money and make the economic situation in this nation worse. So with this faulty illogical thinking at the top we are in a world of crap. Luckily you will have plenty of green toilet paper after Obama and the policies of the Democrats finish off the dollar and this nation. Everything I said on climate change is documented by real scientists (not flim flam men) and can be found within the category “global warming” on the sidebar.

RealClearPolitics - Articles - Obama’s Remarks to the Bi-Partisan Governors Climate Summit

Let me begin by thanking the bipartisan group of U.S. governors who convened this meeting.

Few challenges facing America - and the world - are more urgent than combating climate change. The science is beyond dispute and the facts are clear. Sea levels are rising. Coastlines are shrinking. We’ve seen record drought, spreading famine, and storms that are growing stronger with each passing hurricane season.

Climate change and our dependence on foreign oil, if left unaddressed, will continue to weaken our economy and threaten our national security.

That will start with a federal cap and trade system. We will establish strong annual targets that set us on a course to reduce emissions to their 1990 levels by 2020 and reduce them an additional 80% by 2050.

Further, we will invest $15 billion each year to catalyze private sector efforts to build a clean energy future. We will invest in solar power, wind power, and next generation biofuels. We will tap nuclear power, while making sure it’s safe. And we will develop clean coal technologies.

This investment will not only help us reduce our dependence on foreign oil, making the United States more secure. And it will not only help us bring about a clean energy future, saving our planet. It will also help us transform our industries and steer our country out of this economic crisis by generating five million new green jobs that pay well and can’t be outsourced.

Full Article

President Bush, Obama and McCain and most of the Congress and the Senate all sang the Hank Paulson blues to America. The 700 Billion figure was just a figure pulled out of thin air because they did not think they could sell over a trillion dollars to the American people. At first they did not have the votes but then they added $150 billion in pork to buy the votes they needed. Now Paulson is taking the money and doing the exact oppose that he said he was going to do with it. Much of the money was given to a few bank who did not need it but had no choice but to take it. On the one hand they are telling these banks that they forced to take money to tighten up there lending requirements and on the other hand they are saying they need to lend out more money. The 46 Billion loan to AIG is now up to $150 Billion. The Fanny May Freddie Mac bailout is going to cost much more than they ever let on.

There will be hundreds of hands out for the remaining piece of the money pie. Taxpayers will be given the choice to make more money pies or lose their jobs. The bill to the taxpayers in any case will probably exceed two trillions dollars and that will not include the cost of falling government revenues in a recession. Then the government thinks they can finance trillions of dollars in additional debt to world suckers at less than the world inflation rate? More likely the government will be forced to just print additional dollars to pay the debt which will make the dollar crash like a rock bringing the U.S. a much greater financial disaster.

This is what happens when Americans let government morons try to manage things like they actually know what they are doing. If these people had any brains to start with they would not be working for the government. Now Americans will put a President in place who wants the government to manage just about everything ranging from health care, to energy, to climate. It seems to me the American people deserve the Demented Delusional or Dumb Club Award for knowing nothing, being the most gullible people on earth and trusting their own future to these morons running the Federal government.

Hank Paulson, naked emperor (OneNewsNow.com)

The White House says: “We’ll just trust our treasury secretary to implement the program.” President Bush insists “government’s role will be limited and temporary.” Meanwhile, Democratic Rep. Barney Frank is shrugging off the lack of bailout disclosure by both the Federal Reserve and Treasury. But as I reminded readers before this latest bait-and-switch admission, Hank Paulson is not to be trusted. I repeat:

This is the man who proclaimed the subprime crisis “largely contained” in April 2007; “near the bottom” in May 2007; and “largely contained” again in August 2007. This is the man who pledged that he had “no interest in bailing out lenders or property speculators” in October 2007 and couldn’t “think of any situation where the backdrop of the global economy was as healthy as it is today.”

This is the man who patted himself on the back for refusing to “put taxpayer money on the line” to rescue Lehman Brothers on Sept. 15 — and then turned around the next day and engineered the $85 billion taxpayer-funded bailout of AIG. This is the man who vowed he had “no plans to insert money” into Fannie Mae and Freddie Mac — and then turned around and committed $200 billion in capital and credit lines to those corrupt, bloated, crumbling institutions.

This is the man who declared that “the worst is likely to be behind us” in May 2008.

Full Article

This well thought out article points out the division that this election will bring no matter who wins. This election is going to bring division in this nation like we have never seen since the Civil War. When elections are rigged by money and media brainwashing or the media plays up lies about stolen elections how can you expect a cordial outcome? If Obama loses there will be riots and stolen election accusations by the race baiters and the media. On the Republican side we already know that the horrendous agenda of the Far Left against the middle class and Christians is going to restart the patriot movement big time. So Obama’ win is not going to bring unity to this nation either.

Something really has to be done about the press coverage of candidates in the U.S. The people running are picked by the media elite in any analysis of the facts. The elections are not fair or democratic. It is getting like Putin’s Russia where his party controls the media and the media control the minds of the people. The media influenced the outcome of this election from the start of the primaries, that is no secret. If somehow McCain should win, the media will be there to incite riots.

American Thinker: Say Goodbye to America

No matter who wins Tuesday America is going to be a different country.

When the sun rises on November 5, regardless of who the president-elect is, a more un-United States than has existed since the Civil War will wake to dispute the results of the disgusting campaign that has mercifully come to an end.

Whoever the losers, they will believe they were cheated, and will point fingers at those they believe responsible. Almost half the nation will view the winner as illegitimate, and will do everything in their power to undermine his authority as long as he’s in the White House.

With this animosity will come a new level of hatred between those of differing political persuasions like nothing our country has experienced in the modern era.

Putting it bluntly, and without sounding too much like Rev. Jeremiah “G-d Damn America” Wright, there will be no such thing as Americans anymore.

Instead, there’ll be Democrats and Republicans, Liberals and Conservatives, and encounters between the members of these groups will for years nay decades be at best unfriendly, and at worst quite hostile if not downright violent.

Full article

Here is an article with lots of facts and graphs that makes it look like a great depression is likely. So maybe people should prepare like we are not getting out of this economic downturn anytime soon. In fact it looks like it is going to get a whole lot worse and the article does not even address our debt which will be a drag on the economy for a generation. Then throw in rising world unemployment and the inevitable protectionism that will be demanded and conditions do not look much different than the great depression of the 1930’s.

Think about it, housing in the U.S. is still almost double what it should be and so is the stock market. The Feds cannot lower the interest rates much more or they would be paying people to borrow money. So there is not much more they can do to stimulate the economy. I think we are in a hell of a mess that could last for decades.

So now you might know how despots get control over the world. Just look how people are panicking and throwing out all common sense on the promise of change in the 2008 election and the downturn is just getting started. Also know the socialist tax and spend policies of the Democrats will not be good for business. Maybe you better head for the hills while you still can. I know that gets kind of hard to do when you owe more on your house than it is worth but it will be worth less next year.

“Worse than the Great Depression” by Krassimir Petrov, PhD. FSO Editorial 11/02/2008

The mainstream media and Wall Street have reached the consensus that the current credit crisis is the worst since the post-war period. George Soros’ statement that ”the world faces the worst finance crisis since WWII” epitomizes the collective wisdom. The crisis is currently the ultimate scapegoat for all the economic evils that currently plague the global financial system and the global economy – from collapsing stock markets of the world to food shortages in third world counties. We are repeatedly assured that the ultimate fault lies with the Credit Crisis itself; if there were no Credit Crisis, all of these terrible things would never have happened in the economy and the financial markets.

The most extraordinary thing is that the mainstream media has never attempted to compare the current economic environment to the one preceding the Great Depression. In essence, it is assumed outright that the Great Depression can never possibly happen again, ever, thus obviating the need for such a comparison. I actually believe that the macroeconomic fundamentals today are much worse, so that we are in for a protracted period of economic depression – a depression much worse than the Great Depression, a depression that would likely be remembered in history as “The Second Great Depression” or The Greater Depression, as Doug Casey has called it so aptly. Here is why I believe that this is the case.

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From the list below you should see that if we were to go into a severe economic downturn it would not be like it was in the 1930’s when most people remained law abiding. Today it would either be Mad Max complete anarchy or total Martial law.

I do disagree in this list that most families had one car. Most families had no car and I do not believe there was any insurance or registration requirements in those days.

Christian Worldview Network - Brannon Howse - Letter Re: The Depression of the 1930s–Why No Societal Collapse

Consider the Attributes of America in the 1930s :

A largely agrarian and self-sufficient society. (Now, just 1% of the population operating farms and ranches feed the other 99%.)

Not heavily dependent on computing and communications, technology, grid power, and petroleum-based fuels.

Shorter chains of supply. Most food was grown within 100 miles of where people lived.

A very small underclass that was dependent on charity or public welfare.

Lower property tax rates and lower (or nonexistent) license fees, vehicle registration fees, et cetera.

The majority of workers lived near their work.

Most displaced workers were willing to accept lower-paying jobs–even doing hard physical labor.

The entire nation was economically self-sufficient and could carry on without many imports.

Far greater self-sufficiency at the household level (domestic water wells, windmills, wood burning stoves, home vegetable gardens, home canning, and so forth)

A much lower level of indebtedness (public and private). At the outset of the Depression most families had cash savings. (We are now a nation of debtors.)

A sound currency, still backed by specie. (Although FDR’s administration seized most privately-held gold in 1933, the currency was at least still fully redeemable in silver coinage until 1964.)

Lower percentage of corporate employment–so there were less risk of huge layoffs that would devastate communities

A significantly more moral society that still had compunctions and a prevalently law-abiding attitude.

A homogeneous population that largely shared common Judeo-Christian values. A much larger portion of society attended church regularly

A simpler, less extravagant lifestyle, with tastes in cooking and entertainment that did not require large outlays of cash.

Most families owned only one car (with proportionately lower registration and insurance costs), and they lived in smaller homes that were less expensive to heat.

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Obama’s tax plan in spite of his claims that he will not increase taxes on anyone over $250,000 are a bald faced lie. The Democratic party has no plans to continue the Bush tax cuts after they expire and that will instantly raise taxes across the board for taxpayers at all levels. It will be the largest tax increase in history and the only ones who will escape from those tax increases are those who now pay no taxes at all. They claim it will not be a tax increase because the Bush cuts had an expiration date unless they were renewed. But when government taxes more of your money you will certainly known that you had a tax increase.

So if you want to be a sucker and vote for the the tax and spend party at least know what in the hell your voting for and what the Democrats plan to do. Their no tax increase tax increase will be largest tax increase in the history of this nation. Take that kind of money out of the taxpayers pockets in an an economic downturn and you will put the nation into a long term depression. Then when you stand in the soup line because you have no job your poverty level tax rate will be the least of your worries.

Of course this is just some of what we know about, you can be sure they will come up with other plans to take from the working to give to support the underclass of government slaves that they created with their past Democrat socialists policies.

American Thinker: Senator Obama’s Four Tax Increases for People Earning Under $250k

The first loophole was easy to find: Senator Obama doesn’t “count” allowing the Bush tax cuts to lapse as a tax increase. Unless the cuts are re-enacted, rates will automatically return to the 2000 level. Senator Obama claims that letting a tax cut lapse — allowing the rates to return to a higher levels — is not actually a “tax increase.” It’s just the lapsing of a tax cut.

See the difference?

Neither do I.

When those cuts lapse, my taxes are going up — a lot — but by parsing words, Senator Obama justifies his claim that he won’t actively raise taxes on 95 percent of working Americans, even while he’s passively allowing tax rates to go up for 100% of Americans who actually pay Federal income taxes.

Making this personal, my Federal Income Tax will increase by $3,824 when those tax cuts lapse. That not-insignificant sum would cover a couple of house payments or help my two boys through another month or two of college.

No matter what Senator Obama calls it, requiring us to pay more taxes amounts to a tax increase. This got me wondering what other Americans will have to pay when the tax cuts laps

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These morons think they can just keep printing money and dump it in banks as the solution to the economic crises. Whole nations already are being slaughtered by inflation as I speak and the impact of these inflationary actions have not even hit yet and won’t for about a year or two. The inflationary impact of creating money out of nothing and the deflationary effect of a world going into recession and more government regulation and higher taxes ought to put on a good battle for the next few years. What will win out? Will the world economic collapse come from a new depression or from inflation? The world economic Gurus are walking a high wire on Wall Street in the eye of a hurricane it does not even matter what direction the wind comes from next it is certainly coming. Economic collapse through inflation or depression is still economic collapse.

Asia Times Online :: Asian news and current affairs

The morons in the eurozone have just been given another reminder that continuing to create excessive amounts of money and credit is suicide-by-inflation, as the UK found that last month’s inflation hit 5.2% year-over-year - the highest it’s been for over 16 years! Yikes!

So, price inflation is the highest it’s been in a couple of decades, and at the high end of inflation throughout history, and yet these European halfwits are shoveling more money into the economy with every corrupt fascist idea that they can come up with? They must have American economists on their staffs! Hahahaha!

“The US Federal Reserve
announced it was making unlimited amounts of dollar funds available offshore to be distributed by the European Central Bank, Bank of England and the Swiss National Bank.” Gaahhh!

The Fed is now giving foreigners “unlimited amounts of dollar funds”, and yet I cannot get another dollar with which to turn my ordinary burger-and-fries dinner into a Grande Feast of double fries and two perfectly-fried all-beef patties? What in the hell is going on here?

The reason is because we have fiat dollars and unrestrained fractional-reserve banking, and as Mr Ackerman attests, “The dollar is already completely, fundamentally, wholly, absolutely and irrefutably WORTHLESS. And the US is b-a-n-k-r-u-p-t. This means that the dollar’s value is purely a figment of the herd’s imagination.”

Instead, this guy says, “Forget inflation, guys.” Forget it! My mouth was hanging open in disbelief at those words, and he says that what is happening “is serious, the real McCoy, and you don’t have to worry about little things like inflation. Global growth will slow down, commodities will be weaker for awhile, and inflation is a thing of the past.”

He actually said, “little things like inflation”! Inflation, the thing that destroys whole economies, is a “little thing”? Hahaha! This is indeed news!

I figure that he is almost certainly wrong, in that, inflation not merely “a thing of the past”, but rather, it is going to get worse and worse and destroy us all, definitely starting within next nine months to a year as all of these trillions of new dollars being created and spent by the Treasury and the Fed starts working their sinewy, cancerous way through the economy, making prices rise and rise, portending calamity, like a big pimple on the end of your nose.

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The American government now intends to manage Banks and Corporations by government decree. That is not the government that our founders set up under the Constitution of the United States. We are now under socialism. Socialism is where government owns and runs corporations.

Nevertheless, our government has proven that it cannot even manage itself. If it could it would not owe over $10 trillion with $50 trillion of unfunded liabilities bills coming due. So would any rational person think that the government will now manage corporations and banks better than the free enterprise system?

Basically we have just had a socialist coup in this nation. Whether you know it or not while you slept or were panicked by the news media you went from a free enterprise system to a form of state socialism.
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Oh the CEO of Bank of America went on 60 minutes and said he thinks we will go back to some form of capitalism after the debts are paid back to the government in 3 to 5 years. That is wishful thinking. The debts will never be paid back to the government because the institutions run by the government will be regulated, restricted and forced to do costly stupid things like giving out loans to people who will never pay them back. Government regulation requiring the giving of loans to unqualified people is really part of the reason why we had this crises to start with. They will now continue to lose money and the government will keep spending more money and taking more control. In addition, you are electing socialists politicians that will now spread socialism to every aspect of our society. Karl Marx has taken over America from his grave. Now it looks like the American free enterprise system will join him there.

Make no mistake any return to constitutional government and the free enterprise system will not happen before the next American revolution. When the next crises hits (and it will) your personal liberties will also be taken from you by government decree. Our Constitution means nothing when nobody enforces it.

Also read what Joe Farah just said on this issue. He apparently sees the socialist take over of America just as I do.

Don’t count on stock market rally

Corporate, personal and government debt totals, over the last two decades, have reached unsustainable levels. When a small portion of the debt known as “sub prime” went from the milk and honey of the money changers to toxic waste, the whole system froze and revealed just how vulnerable it was and continues to be.

There is no doubt we may have, for the moment, avoided a second great depression but at what price? And equally important how can any of the corporations being bailed out generate the profits necessary to pay back the borrowed money?

How can companies founded on a free market business model now survive, no less flourish, under government-controlled financial socialism?

They can’t. And most honest economists know it. But the citizens of the world don’t want to face the truth behind the systemic problems. They want and demand unbridled, uninterrupted growth and accumulation of personal wealth. Wealth that is created, in many cases, without work. Wealth that is guaranteed to never drop in value.

So the government has been assigned the task by many uneducated citizens of making everyone in the world rich.

Soon we will witness what any society that subscribes to the belief that wealth without work or risk is a birthright … inflation. That is the only formula that will perpetuate the welfare state. And now that state includes Wall Street bankers and investors.

The demand for continuation of the game will cause governments worldwide to print money faster than it can be spent. Helicopter Ben Bernanke will be loading the chopper with $100 bills dropping them over the population at large. Many will think it’s great! I can see the masses in the streets getting their “fair share” of the wealth. Even Sen. Barack Obama wants to “spread the wealth around.”

But $250 billion of the $805 billion ($105 billion added pork) TARP program will now buy direct equity in American banks and possibly banks around the world. The government is now an investor with the taxpayer as the guarantor. Soon government will be in health care, automobiles, aircraft and Lord knows what else.

If these new government investments happen to fail who will save us then? The taxpayer will have already been bled dry from stopping the current failure. Has anybody planned ahead for if and, more likely, when this occurs?

If any American at this point doesn’t see the lunacy of the current plan to “save” the system then they deserve the socialism they will receive. I for one have taken steps to protect my family from the government mismanagement that is sure to come. They have done such a good job running the country that we are now placing private business in their hands? Have we reached that level of irrational panic?

Liberty was sold this week for the promise of wealth and prosperity. Apparently two cars, a home, a fat 401k and a life of ease are much more important than freedom and liberty. Liberty is based on personal responsibility and Americans want all the reward without any responsibility. Wall Street fat cats included.

Your government has replaced the greatest free market capitalist system in the world, one based on risk and reward; with a completely socialist financial system with the government at its foundation. There is only one question left to ask. Who will have the power to pick the winners and losers?

You might want to know what Ron Paul has to say about the government’s bailout. He thinks it is unconstitutional (which it is). He thinks it will cost $5 trillion dollars and although it may bring a fix that will last a year or two it will lead to much more inflation after that. There is no question in my mind that if you just double the money supply with no increase in productivity that it will cause hyper-inflation. The inflation that is coming will bring a complete economic collapse.

Ron Paul thinks many more people will see this and his movement for more limited government will grow but if a third party movement is not started before the government controls everything the movement is never going to get off the ground. Especially since half the nation will become dependents of Uncle Sam. Only after the collapse when the funny money given to them buys almost nothing will people understand that if the productive are forced to transfer their wealth to the unproductive they also stop producing. When few are paying taxes the government’s only option is to print more money but that money will rapidly lose value producing inflation, and foreigners will not want to hold it or finance our debt. Then the real crash will come, with martial law, rationing, dictatorship and finally a popular revolution to restore our Constitutional government. That is the future that has been chosen for us by both political parties and it therefore does not matter who gets elected. The end result will be much the same. Obama will just bring the collapse a bit quicker than McCain.

Ron Paul: Bailout means we’ll all suffer - CNN.com

U.S. Rep. Ron Paul, who has been an opponent of the government’s bailout plan, spoke Friday with CNN’s Kiran Chetry on “American Morning.”
Ron Paul: “Give up on this idea that inflation solves everybody’s problems.”

The Texas Republican says the bailout’s infusion of government money will lead to inflation, that our current monetary system is coming to end, and the market, not politicians, can best solve the economic crisis.

U.S. Rep. Ron Paul: They tweaked it up. It started out as a three-page document and went up to 450 pages. Instead of $700 billion it’s up to $850 billion. Reuters had a story out today. They estimate it’s going to cost the American taxpayer about $5 trillion. It’s tweaking in the wrong direction, and I don’t think it’s going to do any good whatsoever.

Chetry: The credit markets are starting to loosen up a bit, at least from what we’ve seen this week. Is that a sign that maybe it is working?

Paul: Maybe to some degree in the short run, but that just means we’ll have more inflation. You can’t create $5 trillion out of thin air and not expect inflation. So although the dollar may be up a little bit right now because the markets are a little calmer, this just means that in time we’re going to all suffer and pay for this, and we’re going to pay for it with higher prices.

This is the serious problem. It’s the attack on the dollar system. They’re trying to save the dollar, but this system that we’ve had since 1971 is nonviable, and it’s coming to an end. That’s what this whole story is about, the end of a monetary system that we’ve had since 1971.

Something has to give. You just can’t create more money out of thin air and propping up everybody. It’s an immoral system. You’re asking the poor people to bail out the rich. You’re asking the innocent people to bail out the guilty. You’re asking people to just totally defy the Constitution because there’s no place in the Constitution that says that we can do these things.

Besides, economically, it’s a disaster. This is going to cause a great deal of harm. It’s like a drug addict taking a strong fix, and he feels better for a day or two, but believe me, we’re going to kill the patient. And the patient here is the dollar system and our entire world economy. I would say let’s get off this addiction.

Get the government out of this overregulation, and give up on this idea that inflation solves everybody’s problems. If inflation, that is the creation of new money, could solve everybody’s problems, which they’re claiming right now, nobody would ever have to work again. If $5 trillion could save this economy, why work? Just print money, and everybody will be happy.

They don’t understand the idea that people have to work. People have to save, instead of consumers spending more money.

It’s arrogant for the politicians and the bureaucrats to believe they can plan the economy and sort this all out. We’ve been doing it for all these years, and the monetary system is so confusing and so corrupt, that the sooner we get back to believing in ourselves, believing in freedom, believing in sound money, believing in the Constitution, we’re going to solve these problems.

Right now there’s a fight going on in this country. Our numbers are growing. We’re not the majority, but our numbers are growing. And as this situation deteriorates, more people are going to say, hey, maybe it’s right. Maybe limited government and freedom works.

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Perhaps you do not know what would occur here if Martial Law is Declared. The executive orders are already in place. All the President needs is a good reason to carry them out. A economic collapse or attacks with WMD could bring them about any time. As your read this list of executive orders you might realize just how soon the the U.S. could be a dictatorial police state. One day you will wake up and everything you knew will be changed and government will be running everything including your own life.

What To Expect When Martial Law Is Declared

What To Expect When Martial Law Is Declared
Coming Soon To A Neighborhood Near You After The World-Wide Economic Collapseby Timothy K. Perry
(Libertarian)
Sunday, October 12, 2008

After the coming economic financial collapse, a state of world-wide martial law will be declared. Considering the current events which are in direct alignment with documented plans for totalitarian one-world government, (white paper plans published by the Tri-Lateral Commission, Council on Foreign Relations, and Club of Rome), martial law will be imposed without official dissent upon the various countries of the world. Martial law is military rule imposed upon civilian populations in a time of war or during a (sic) “State of Emergency”. The following elements can be expected to occur once the t.v. news anchors tell people not to panic, but that a State of Emergency has been declared due to the crash, and a (sic) temporary state of martial law has been declared, which will be rescinded once the State of Emergency has passed.

What the news people won’t tell you is that given the history of martial law, the suspension of such a draconian state is far more difficult to achieve than its original imposition. Esteemed reader, ask yourself the question, why dictator or group of dictators ever voluntarily relinquished their dictatorial powers? I’m searching really hard through the history files of the world to find out the handful of amazing people who did so. So far, all I can find is George Washington who declined being elected “King”.

Whenever the “Powers That Be” decide to impose martial law, the following items can be expected:

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