Posted on 27 March 2009. Tags: bank bailout, banking, banks, barack obama, business cycle, Capitalims, collectivism, communism, compensation, congress, Constitution. free society, control, democrats, depression, dollar, economic downturn, Economics, Edward Bernstein, Employment, executive bonuses, federal reserve, finance, financial industry, free enterprise, free trade, freedom liberty, Karl Marx, leftism, legislation, money, Mustasche Revolution, nationalization, not under my nose, Politics, President Obama, recession, revolution, Sam Rothrock, socialism, stock options, stress test, tax, taxation, temporary government ownership, United States of America, USD
The Mustache Revolution is brewing. It is not a fashion statement; it does not even involve hair. It is the revolution that is happening in America, Right Under Our Noses. It fits right in between Marxs model of government overthrow and Bernsteins democratic socialism. This is elected officials distracting the electorate that begs them to act unconstitutionally. Here is how it was done.
A Little History
Karl Marx advocated a violent revolution to nationalize industry, redistribute wealth, and create a proletarian dictatorship. This would be very difficult for the American left, since they are anti-gun, anti-violence, and tend to dislike noncompliance. Edward Bernstein came around after Marxs death and advocated democratic socialism. His goal was still to nationalize industry, but to accomplish it democratically. What is happening today is the Mustache Revolution; it meets the standards of both socialist ideologies. The US has elected our President and Congress democratically; most of the legislation has come about democratically; the problem is that the boundaries set by the constitution, make the process too slow. Therefore, in the name of Crises, Necessity, or Protection the limits on government are quickly removed.
Bailout Big Banks
Step one, use tax dollars to keep private businesses afloat. This gives government, not total control, but the ability to regulate finance in order to protect the interest of the people. Step two, make an enormous legislative blunder, and blame it on the banking industry. Let us not forget that the clause about the executive bonuses was removed, not forgotten, not left out, but removed. After there is a huge public outcry over executive bonuses, the next step is to levy a 90% tax. This tax of course is not limited to the bank that gave the bonuses, nor is it limited to the banking industry; the plan is to levy a tax on all executives who have a high salary and receive bonuses.
Stress Test
Of course, the wealth redistribution is not enough. The remaining step is to take major services, such as banking, health care, or auto manufacturers, and make them national industries. The first and most important of these is to take over the financial industry. The Financial industry is essential, because all businesses run off of the availability of credit (hence capitalism). Once all industries are getting their loans from the government, their nationalization will happen quickly and with little protest. So, after bailing out the banking industry, the next step is to create a stress test; this serves two purposes; 1) it asserts government power over the industry (no other industry needs to be deemed strong enough to survive in order to exist in the US economy), and 2) it makes people think that the government should step in when the test is not passed. Third, after the failure of the stress tests, the government will claim that the banks need to come under temporary government control. Since government has never improved a business after taking it over, temporary can be a very long time.
Not Under My Nose!
Things that stink are not meant to pass under your nose without notice! This revolution cannot continue to be ignored simply because we are in an economic downturn. Recession is not an excuse to jump from crises to crises without thinking out the political consequences of our actions. The hardest thing to regain, once it is lost, is freedom. And freedom is blindfolded on its knees in front of a gun named socialism.
Posted in Politics
Posted on 16 March 2009. Tags: agricultural, AIG, america, American International Group, bailouts, barack obama, Barclay's, Barney Frank, Bernard Madoff, bonuses, bridges, capitalism, China, Chinese, Commerce, commercial trucking project, competitive, confiscate, congress, consumption, corporate welfare, counterparties, credit markets, Deutsche Bank, domestic investment, economic downturn, Economics, exports, fair trade, federal aid, federal court, federal prosecutors, fiscal policy, forfeiture, free enterprise, free trade, freedom, global trade, globalization, Goldman Sachs, GS, highways, House of Representatives, imports, industrial, infrastructure, Merrill Lynch, Mexico, migrant workers, obama, Politics, ports, President Obama, proscription, protectionism, R&D, reciprocal trade war, research and development, roads, Rob Viglione, Ruth Madoff, small businesses, small-business loans, socialism, socialism for the rich, Societe Generale, sovereign wealth fund, stimulus package, tariffs, trade war, Treasury Department, united states, victims, welfare, White House
The trade wars begin-Mexico raises tariffs on U.S. exports in retaliation of truck project cancellation, Obama angry at A.I.G. over bonuses-tries to cut them, small businesses to be next bailout beneficiaries, government tries to track down and confiscate Madoff assets-who will keep them? China uses global downturn to boost competitive advantages, Jon Stewart rips apart Jim Cramer in debate on poor financial reporting…just the latest in your Freedom Under Fire Report! Continue Reading
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Posted on 04 March 2009. Tags: A Bull in China, american lighthouse foundation, banking, banks, barack obama, Bolivarian Revolution, Book, Cargill, charities, China, Chinese consume more goods, civil war in U.S., commodities, congress, construction, currency, debasement, defend earmarks, democrats, dictator, distressed properties, dollar, domestic stimulus, drug approval, economic downturn, Fannie Mae, FDA, Food and Drug Administration, Freddie Mac, Freedom Under Fire, gold, hands of the oligarchy, health care costs, hedge inflation, high income earners, homeowners bailout, Hugo Chavez, Idiot's Guide to Buying Foreclosures, Igor Panarin, inflation, infrastructure, Investing in Real Estate Tax Liens, itemized tax deductions, Jim Rogers, judicial branch, lawmakers, lawsuits, Lefitism, liability, litigation, Marxims, Mormon cricket, mortgage intereset, mortgages, national interest, nationalized, not backed by gold, Obama administration, oppose Obama tax hikes, polynesian voyaging society, popular vote, populism, pork spending, porkulus, Pre-Foreclosure Real Estate, President Obama, progressive taxation, raw materials, Real Estate, restructure loans, Rob Viglione, Robin Hood, Ruble, Russia, Russian economist, social unrest, socialism, special interests, Spending, state and local taxes, supreme court, swine odor research, take from the rich, TARP, tatoo removal, too many dollars, Treasury securities, U.S. Treasuries, USD, Venezuela, vital, war on opposition media
China launching massive domestic stimulus, details on the $275 billion homeowner bailout, landmark Supreme Court ruling for drug makers, Chavez declares war on opposition media and nationalizes a U.S.-based company, lawmakers defend 9,000 earmarks including “swine odor research”, and a Russian economist predicts civil war in U.S. in 2009…just the latest in your Freedom Under Fire Report! Continue Reading
Posted in Featured, Freedom Under Fire