The “rescue package” is a Trojan Horse folks. It is the method by which the banks are trying to convince us to allocate resources in a wasteful manner, to supposedly save society, when, in point of fact, nothing could be further from the truth.
The reason credit is drying up for “main street” as they so often put it, is because the failing banks are absorbing ever-more liquidity, while everyone else is left to fight for the crumbs. Let the bad banks fail, every last one of them, down to JP Morgan Chase.
If they can’t manage their affairs, they certainly can’t help us manage ours. They need to go and we need to move on.
The Rescue Package Will Delay Recovery
Daily Article by Frank Shostak | Posted on 9/29/2008 | mises.org
In his testimony to the Congress on September 24, Fed Chairman Bernanke urged the legislators to quickly approve the bailout of the financial sector with a package of $700 billion. Bernanke echoed Treasury Secretary Paulson’s view that the bailout expense, while hefty, is needed to remove from banks’ balance sheets the mortgage-linked assets, which are paralyzing the flow of credit.
I think it’s extraordinarily important to understand that as we have seen many previous examples in different countries and in different times that choking up of credit is like taking the lifeblood away from the economy.
Most experts came out in strong support for the package. Without the rescue package, many large institutions that are “too big to fail” could go belly up. Many believe that the consequences of all this could be very severe to the real economy.
It is true that the financial system must be rescued; it must be rescued from the institutions holding bad debt that are currently draining capital while waiting for a bailout and adding little in return. It is they that are preventing wealth-generating activities in the financial sector and the other parts of the economy from expanding real wealth.
The Essence of Economic Adjustment
Conventional thinking presents economic adjustment — also labeled as “economic recession” — as something terrible, even the end of the world. In fact, economic adjustment is not menacing or terrible; from an economic point of view, it is nothing more than a time when scarce resources are reallocated in accordance with consumers’ priorities.
Allowing the market to do the allocation always leads to better results. Even the founder of the Soviet Union, Vladimir Lenin, understood this when he introduced the market mechanism for a brief period in March 1921 to restore the supply of goods and prevent economic catastrophe. Yet for some strange reason, most experts these days cling to the view that the market cannot be trusted in difficult times like these.
If central bankers and government bureaucrats can fix things in difficult times, why not in good times too? Why not have a fully controlled economy and all the problems will be fixed forever? The collapse of the Soviet Union’s centralized system is the best testimony one can have that controls don’t work. A better way to fix economic problems is to allow entrepreneurs the freedom to allocate resources in accordance with society’s priorities.
Read the rest of this entry »
I urge those of you who understand what you are in for if a bailout is done to write your congressmen and tell them that you will not stand for this kind of financial absurdity. We need to stop the bailout, allow the insolvent institutions to fail and return to sound money.
Here’s what I recently wrote to my congressmen via votenobailout.org.
It really infuriates me to see the Congress giving the White House and its Secretary of the Treasury the power to transfer the people’s money to wealthy bankers on Wall Street.
These are the same people who got us into this mess and bailing them out most certainly isn’t going to get us out.
As a citizen of the united States of America I demand that you vote No to the Bailout legislation. Read the rest of this entry »
There’s clearly an awful lot wrong with the financial system of today. The talking heads and bureaucrats will tell you that they need more money powers to sort the situation out. They say that they must create trillions of dollars and have the ability to take over large companies; all of this is to bail out the financial institutions.
When you are thinking about this situation, you have to realize that the original purpose of the Federal Reserve banking system was to give the large Wall Street bankers the peace of mind of knowing that they would always be bailed out, so they would never lose any of their own money. With a system of this sort in place, financial institutions take risks that they would not have otherwise taken.
Lately, the investment banks such as Lehman and Merrill Lynch have gotten into the habit of “investing” 30 dollars for every dollar in capitol that they have. It doesn’t take a genius to realize that this is incredibly irresponsible. Read the rest of this entry »
When driving through suburban streets, do you ever get the feeling that something isn’t quite right? Maybe there is something that we can do with our land to make it more than just a place for useless, allergen producing, grasses to grow; but instead a place where we can experience beauty and create a wide variety of fresh foods in the process. Then it is time we realized that we can have beauty and productivity on our land, it is up to each of us to create it and it isn’t as difficult as you might think. Read the rest of this entry »
Lately I’ve heard an awful lot of local ignoramuses complaining about the state of the economy, the decline in their investments and just plain how “bad” they have it. They feel so betrayed and have a long list of people to blame and hate.
It seems they will blame anybody, but won’t take responsibility for their own role in their predicament. Its sort of comical to see them all running around scared, acting like this is all a big surprise, but one thing is for certain: if they hadn’t had their heads so far up their asses, they’d have seen this coming years ago.
I would like to tell you the story of one individual, who I have been over-hearing today, who seems particularly deserving of a wake-up call. Read the rest of this entry »
It is finally being acknowledged in the Western media that the President of Georgia Saakashvili is a puppet for United States and Israel, attempting to spread their form of tyranny to the border of Russia, so that they may further control of hydrocarbon resources and set-up pipelines in the Caspian Sea region.
The media is finally admitting what I’ve been saying all along, that the Russians did not initiate the attack on South Ossetia as the media had originally parroted all over the television. Instead, the President of Georgia, in a pre-meditated plot, purposely bombed civilian targets and then, in the classic false-flag Zionist/American style, blamed the bombing on Russia.
I know of no greater coward than a man who would use the cloak of government to murder innocent civilians and then, when he failed at achieving his ends, blame the forces that came in to protect those people. The cowards on this side of the pond that seek to justify the slaughter by Shaakashvili fail to realize what sorts of places were bombed and refuse to do their own research. Read the rest of this entry »
A Pilonidal Cyst is a blanket term for any type of skin infection near the coccyx. These are normally quite painful, occur somewhat more often in men than in women, and normally happen in early adulthood. Although usually found near the coccyx, this painful condition can be found in several places, including the navel or the armpit.
Development of the condition in a place other than the coccyx is exceedingly rare, however. It usually happens in young people, up to their thirties in age. Conditions in which it commonly occurs include obesity, body hair around the area in question, and a sedentary lifestyle. While a traumatic event is not believed to cause a pilonidal cyst, such an event has been known to inflame existing cysts. Read the rest of this entry »
The universe has a purpose, though its not what you may have been sold. It simply gives us what we ask for, while the rest has been left, for each of us to decide. If we should choose to fear, then that is what we will be given, until we achieve the destruction that we so woefully fear. But if we should choose to love, then that is what we will be given, until we achieve the creation that we so ardently love.
Whatever we decide to make our focus, will manifest itself in the myriad things around us, so long as we choose to maintain such a focus. We are much more than simple passengers, along for a boring ride into a certain fate. No, we are powerful too, co-creators, gods in our own right; as powerful as any being who ever lived.
The only thing that can be our un-doing, is that which is of our own choosing. Not some wrathful God who judges its creation from afar, like an angry father with his charged rod of iron, with a mighty white beard, he throws an spiteful bolt, at whatever he fears, to prevent it from becoming something on its own that he cannot control, like robotic mindless servants.
Just look at any “organized” form of religion and you will plainly see, that they are selling the same damn thing. Could it be any more awfully obscene? To see these learned men peddling infantile fears, preaching annihilation towards all who refuse to submit themselves blindly.
It doesn’t matter what they call it, what rituals they pursue, or how many followers they have saved, from the evil scourge self-hood. Evil to these men is deviation, from the organizations on which the followers depend.
Surely, they say, this trend towards individuation, will someday be our annihilation. So we must rid our selves of the spark to create; and fear anything that we haven’t been shown by the bearers of the stamp of approval.
Simply reduce it to its components, and it will be evident that their tactics are quite simple, when you look beyond the facade of virtue and righteousness. Virtually every manner of group-think is based upon the fear of annihilation and self-punishing guilt. Without these two techniques, these awful organizations will have no base of followers, no-one would seek their shelter.
They lure you in, with a false sense of security, then they transform you into precisely that which you fear. Because without this paradigm, they have created, you will be certain to experience the annihilation that you so fear.
So it becomes a self-fulfilling prophecy. Since their control paradigm is weak and riddled with holes, it will one day collapse, leaving you exposed. Since you chose to believe, that without fear as your only master, that you shall truly perish, vanishing into the void, then that is what you shall have whenever the fateful day arrives. This focus on annihilation will manifest itself as you so desire.
One of the most widely neglected fields of knowledge is that of the Vedas. Although the vedas form the basis for our modern-day understanding of mathematics and geometry, they are not given credit by the academics.
Much can be learned from the Vedas. The video “Scientific Verification of the Vedic Knowledge” is just the beginning.
A vast number of statements and materials presented in the ancient Vedic literatures can be shown to agree with modern scientific findings and they also reveal a highly developed scientific content in these literatures.
The great cultural wealth of this knowledge is highly relevant in the modern world. Techniques used to show this agreement include: Marine Archaeology of underwater sites (such as Dvaraka), Satellite imagery of the Indus-Sarasvata River system, Carbon and Thermoluminiscence Dating of archaeological artifacts, Scientific Verification of Scriptural statements, Linguistic analysis of scripts found on archaeological artifacts, A Study of cultural continuity in all these categories