Bail-out, rescue... Whatever you want to call it, the old America is GONE and socialism has replaced the last vestiges of our republic. Let me give you some quotes and some facts that you need:
"The American people will never knowingly adopt socialism. But, under the name of 'liberalism,' they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened." -Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948
"Society cannot leap into Communism from capitalism without going
through a socialist stage of development." Nikita Krushev, Soviet Communist Leader circa 1959
"Necessity is the plea for every infringement of human freedom.
It is the argument of tyrants; it is the creed of slaves." William Pitt, British House of Commons
And now, the facts:
700 BILLION DOLLAR BAIL OUT
"The measure sent to Congress by the U.S. Treasury includes this clause: "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."
Jon Macey, a professor and deputy dean of Yale Law School, says the bill contains the largest transfer of power from Congress to the administration that he has ever seen. Macey says Congress is handing over more power than it did in granting the executive branch leeway in the Patriot Act, more than when authorizing combat through the war powers clause.
AIG 2.39, -0.74, -23.6%) narrowly avoided bankruptcy last week after the Federal Reserve stepped in with a massive bailout.
...AIG said it signed a definitive agreement with the Federal Reserve Bank of New York for a two-year, $85 billion revolving credit facility.
...The agreement leaves "AIG essentially nationalized," Bijan Moazami, an analyst at Friedman, Billings, Ramsey, wrote in a note to investors on Wednesday. "Shareholder efforts to prevent the government from taking an equity stake in AIG will prove fruitless."
So, in just a matter of weeks the banking and insurance industry has become nationalized. This is pure socialism. And it was done on the pretext of being "necessary." You mean Congress could not pass a bill without giving government unlimited power over the banking industry? Now, the Treasury Secretary is above the law... and we needed that?
The end has come. The rest is just to insure we won't be able to resist.
I Finally had to turn my XMradio off,after having listened too Niel Cavato literally BEG and PLEAD any politician to ADMIT to having voted for a SOCIALIST PLAN,all with the exception of RON PAUL refused to even acknowledge the word..
But washington is fearful ,there is a lot of night Ops Activity in and around the BASE in my AO low and fast NapOearth flying 2-3am in the morning.
Uncle sugar knows the sheep aren't happy one look at the PISSED citizen at a John-lameass-McCain rally screaming out loud how he's mad..REALLY MAD...sent shiver's down every cowardly senators yellow back...knee-jerk time ain't far off
This thread is really frustrating for me. Of more than 170 people on this board, only ONE man felt it important enough to acknowledge the importance of this thread.
America is going down the path of socialism and we tend to ignore it because the media tells us to do so. For instance, just last night Herman Cain, a radio personality here in Georgia, downplayed the bail - out. He tried to claim that it was not nationalization. But, here is what I'm reading from other sources:
"The move, in effect a partial nationalization of the banking system, does put the United States in the awkward position of owning shares in institutions it also regulates. The shares purchased by the government will be nonvoting. They also give the government a priority in getting paid back if a company fails."
"The program is also likely to hasten the evolution of the country's financial system from a conglomeration of community banks into a network of bigger, interconnected institutions, said Timothy J. Yeager, a former economist for the Federal Reserve Bank of St. Louis and a finance professor at the University of Arkansas." (Isn't this a move toward a One World Banking system???)
What is happening and WHY it's happening are of utmost importance to all of us. One of the reasosns for having this discussion board is to discuss the problems that we face. Instead, we merely use the board to rehash and post what is already on the front pages of the news.
The economic crisis in America was planned. Please read the following link and do some research of your own:
Yes, Enforcer, you're correct: The US is on the way to full-blown Socialism, unless, of course, it decides on a hybrid between Facism (nationalization of commerce) and Socialism (Marxist flavored, of course)...kind of like, well, what they used to call, "National Socialism" back in post-Weimar Republic Germany.
The economic crisis was planned, the election is upon us with most likely a forgone conclusion, and then there are 10 weeks before Inauguration.
So now what? Time is up.
I say this sincerely, and from the heart: When I see something that is positive from the perspective of moving forward networking the several groups represented herein, or posts able to help by way of provision of data/information that we do not currently have here, or a get a request for that type of information, I'm happy to post, but only on those things we can help each other with.
Otherwise, I'll continue to read the newest posts to keep up and then go back to what I was doing: Preparation and training.
I hope you take this in the spirit intended: One ally talking to another with no acrimony or other hostility.
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