Thursday, January 21, 2010

Obama's Bank Rules Step In The Direction To Outlaw Capitalism

By Douglas V. Gibbs

When it comes to this writer, there is little love for the banking system. I recognize the reasons Thomas Jefferson said, "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." That quote, however, is pointed at banks like the federal reserve system, and the practice of banks to issue fractional money, made fractional by less than scrupulous lending practices. It was also a warning not to leave the realm of real money, like gold-backed currency.

Politics means nothing to the force that controls the money of a nation, for the true power is in controlling the financial system. The powers of the banking system is far-reaching, fueled by secret agreements and ruthless practices. Government, in concert with the banks, have constantly rewritten the rules and regulations to encourage their profit, and to systematically weaken, and eliminate, any competitors. These powers are so massive that the system is able to create wealth, and bring down an economy, at will. To listen to Obama, one would think that all of the banks are evil, and the fault of the entire financial breakdown lies completely on the laps of the bankers, when in reality Obama and the Congressional Democrats are in cahoots with the very bankers they are demonizing.

Banks cannot achieve economic destruction on their own. They need a strong alliance with government, and the promise of legislation that will enable them to continue to gain profit, even from money created out of thin air, while destroying the strength of the dollar, which also equals profit for the banks and the politicians.

The Democrats have rediscovered a fountain of wealth that allows the government to tax the people while creating wealth for the banks and themselves, while appearing to demonize the biggest players in the banking network, and while appearing to not be taxing the people in the first place. The implement of destruction is inflation, and the hidden tax of inflation through the destruction of an economy, and the printing of fiat money, reduces the purchasing power of the dollar, making it easier for banks to loan out money in the form of loans and credit accounts to a hungry populace with fiat money they don't even possess.

Then, once the citizenry is beholden to the banks the government swoops in to bailout the poor struggling industry, forgiving the banks for their losses, and sticking the repayment to the very people the money is owed to. The bailout, in other words, shifts the financial burden from the banks to the people so that the people can be taxed to pay back themselves, plus all of the burdens to government created by the bailout.

Eventually, control of the banking system will be fully relinquished to the government, primarily through the machinations of the federal reserve, and as with the example of AMTRACK, the government will run the whole system into the ground - but the government doesn't care, because it is the control they desire, not running the banking system efficiently. With control of the money comes wealth, and true power beyond anything the people can combat.

The politicians have everything to gain with the vast expansion of power and control by the government because the banks are not really destroyed, or under the control of the government. In a bailout, the banks and the government become partners in corruption. They are literally aligning themselves with each other, while convincing the populace that they are at odds, and the only way to control those naughty banks is for the government to clamp down on them more.

Remember that the government doesn't pay for anything. The money the government uses is either confiscated, or created out of thin air. And each time the government fails in what it is doing it demands more money, and confiscates more wealth. Government meddling destroyed the Savings and Loans, and is destroying the banking system now.

But why would government do such a thing?

With the banks married into the workings of big government, capitalism dies, and government controls every aspect of money. The financial crisis that is currently deepening, and the demonization of the banks, is engineered. The bailouts and regulations will be paid for by the taxpayers while the government disguises what they are doing with claims of protecting the people with restrictions and regulations and taxes against the banks for daring to make an "obscene" profit - even though the whole point of bailing them out was so that they could make a profit.

That way the statists can make the obscene profits for themselves, and lay the payment on the backs of the people.

The intellectual elite and world bankers, however, will not stop there. This is only the first rumblings of a march towards a supernational sovereignty of a world government that demands America be dependant upon. American wealth is being destroyed purposely so that we may become just another member of the World Bank, and worldwide economic community, which does exactly what Obama and the Democrats want to do: redistributes wealth.

What we are seeing is designed to bring about the building of world socialism, but in such a way that you will accept the agenda, because the whole thing is being wrapped in appealing wrapping paper with a pretty bow on top, with the promise to punish those mean bankers, and anybody else that dares to make "obscene" profits.

These leftists believe that by destroying individualism, personal responsibility, and capitalism they can outlaw poverty while forcibly feeding, clothing, lodging, teaching, and employing the people - whether you like it or not. Sure, sounds wonderful, no more poor people, right? But with that comes no more opportunity for you and I, either. The wealth will only be held by the few elitists that control the system, and the people will all be equally miserable, and under the ruling thumb of a socialist system of governance.

Socialism is not enough for these people, though. Like the communists of the old Soviet Union, these statists wish to force their tyranny on the entire planet. By bringing us to our economic knees, and gaining control of the banks, these people wish to erase America as we know it. They want to erode national sovereignty piece by piece, diluting individualism until we are nothing more than citizens of a miserable world under a new worldwide monetary structure that dictates justice as the the ruling elites see fit, eliminating the very freedoms we have enjoyed for over two hundred years, and redistributing wealth ultimately into the pockets of the ruling class.

It begins with inflation, and takeovers of the private industry and the banking system. If allowed to come to completion, it will end with tyranny, and the elitist ruling party of self-proclaimed intellectuals at the top.

A centralized federal government cannot be trusted, for "even the wisest of men can be corrupted by power and wealth." - G. Edward Griffin

The Constitution is the solution. The people must regain control, or we will lose everything. A limited federal government, a return to state sovereignty, and a representative government that governs in the interest of the people are the tools to win back our nation.

It must be accomplished by an grass-roots effort . . . or Revolution.

Is it any surprise that when Obama announced his new restrictions on the banking system the Dow and Nasdaq dropped rapidly?

That is what the speech was designed to do. That is what the statists desired. They want the stock market to plummet, the banks to fail, and for them to swoop in to save the day with their worthless fiat money, and promise of tyrannical rule.

-- Political Pistachio Conservative News and Commentary

No comments: