The Creation of the Second Great Depression
By Ron Paul
Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.
The events of the past week are no exception.
The bailout package that is about to be rammed down Congress’ throat is not just economically foolish. It is downright sinister. It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect. It promises the American people a never-ending nightmare of ever-greater debt liabilities they will have to shoulder. Two weeks ago, financial analyst Jim Rogers said the bailout of Fannie Mae and Freddie Mac made America more communist than China! "This is welfare for the rich," he said. "This is socialism for the rich. It’s bailing out the financiers, the banks, the Wall Streeters."
That describes the current bailout package to a T. And we’re being told it’s unavoidable.
The claim that the market caused all this is so staggeringly foolish that only politicians and the media could pretend to believe it. But that has become the conventional wisdom, with the desired result that those responsible for the credit bubble and its predictable consequences – predictable, that is, to those who understand sound, Austrian economics – are being let off the hook. The Federal Reserve System is actually positioning itself as the savior, rather than the culprit, in this mess!
* The Treasury Secretary is authorized to purchase up to $700 billion in mortgage-related assets at any one time. That means $700 billion is only the very beginning of what will hit us.
* Financial institutions are "designated as financial agents of the Government." This is the New Deal to end all New Deals.
* Then there’s this: "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." Translation: the Secretary can buy up whatever junk debt he wants to, burden the American people with it, and be subject to no one in the process.
There goes your country.
Even some so-called free-market economists are calling all this "sadly necessary." Sad, yes. Necessary? Don’t make me laugh.
Our one-party system is complicit in yet another crime against the American people. The two major party candidates for president themselves initially indicated their strong support for bailouts of this kind – another example of the big choice we’re supposedly presented with this November: yes or yes. Now, with a backlash brewing, they’re not quite sure what their views are. A sad display, really.
Although the present bailout package is almost certainly not the end of the political atrocities we’ll witness in connection with the crisis, time is short. Congress may vote as soon as tomorrow. With a Rasmussen poll finding support for the bailout at an anemic seven percent, some members of Congress are afraid to vote for it. Call them! Let them hear from you! Tell them you will never vote for anyone who supports this atrocity.
The issue boils down to this: do we care about freedom? Do we care about responsibility and accountability? Do we care that our government and media have been bought and paid for? Do we care that average Americans are about to be looted in order to subsidize the fattest of cats on Wall Street and in government? Do we care?
When the chips are down, will we stand up and fight, even if it means standing up against every stripe of fashionable opinion in politics and the media?
Times like these have a way of telling us what kind of a people we are, and what kind of country we shall be.
Dr. Ron Paul is a Republican member of Congress from Texas.
|
Spread the word  Stumble It! -  Digg it!
-  reddit
Latest Articles in: Commentary
- The lynch-mob mentality
- The Census and Despotism
- Wars sending U.S. into ruin
- When the Military Serves as Police
- Fake Terror - The Road to Dictatorship
- The Terror Card: Fear is the Key to Obedience
- Remember the illegal destruction of Iraq?
- The Death of Global Warming
|
PLEASE NOTE
|
Please read our About Page, our Disclaimer, and our Comments Policy.
Please note: InformationLiberation is neither liberal or conservative. When one takes the time to research the "liberal elite," whom the conservatives oppose, and the "conservative elite," whom the liberals oppose, one finds both "elite" are one and the same. "Liberal" or "Conservative" is not a substantive choice, it is only the carefully crafted illusion of a choice, for both parties come together when they are instructed to.
"The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson."
A letter written by FDR to Colonel House, November 21st, 1933
"Fifty men have run America, and that's a high figure."
Joseph Kennedy, father of JFK, in the July 26th, 1936 issue of The New York Times.
If you care to know who runs the world you live in, view these films. If you care not then I leave you with this quote to ponder:
"There will be, in the next generation or so, a pharmacological method of making people love their servitude, and producing dictatorship without tears, so to speak, producing a kind of painless concentration camp for entire societies, so that people will in fact have their liberties taken away from them, but will rather enjoy it, because they will be distracted from any desire to rebel by propaganda or brainwashing, or brainwashing enhanced by pharmacological methods. And this seems to be the final revolution."
Aldous Huxley, Tavistock Group, California Medical School, 1961
Audio - Transcript
|
|
|
FAIR USE NOTICE
|
|
This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
|
|
About Us - Disclaimer
"Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing ever happened..." - Winston Churchill |
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
Operation Gladio: "One of the most secret programs that ever existed"
The Money Masters: How International Bankers Gained Control of America
Print
The age of the killer robot is no longer a sci-fi fantasy
Top Obama czar: Infiltrate all 'conspiracy theorists'
Shocking H1N1 Swine Flu Vaccine Miscarriage Stories From Pregnant Women
Unbelievable: Government Hijacks Kids TV To Propagandize For Swine Flu Shots
Government Propaganda To Infest Network TV Shows 
One bank to rule them all: UN wants new global currency to replace dollar
The $531 Trillion Dollar Derivatives Time Bomb