Monthly Archives: September 2008

Some articles for your consideration….

Lew Rockwell on the meaning of yesterday’s vote. There was heavy traffic on their site yesterday.

Daniel Larison writes about how populism can block but must be able to lead as well

An interesting story on Dr. Srdja Trifkovic’s testimony in the Karadzc trial in Chronicles.

Justin Raimondo goes paleo..

Andrew Bacevich on Bush II’s Third War, the one the next president will have to deal with

And your’s truly has hit the big time with his first article in the American Conservative. My thanks to Daniel McCarthy for some great editing.

America No Longer held Hostage

Well, well well. l I woke up this morning to find out the apocolypse did not take place. The sun is still shining. All time did not stop and the sky is still, well, up there. And lookie here…the stock market is up over 200 points. Yep, Freedom is truly wonderful, although in  my neck of the wood’s it’s cold, only 41 degrees this morning. But that’s why I love the fall.

So rejecting the bailout did not end LIFE AS WE KNOW IT and given that, why this optimism all of sudden that something will be passed seems rather strange. Wouldn’t you prefer all hell breaking loose to really put the vise on Congress rather than business as usual? The scare mongers look like just that, scare mongers.

But of course what made yesterday so enjoyable was watching the hysterics all around. From the madness of CNBC (Was it just me or did Maria Bartiromo look like she had been crying) to sillyness that is John Boehner and stupidity that is John McCain (Obama wisely stayed as far away as he could for the same reason one stays far away from suicide bombers) . David Brooks is disowning himself from the GOP  and by golly I’ll be more than happy to pay his membership in the Democratic Party.

Oh why do they not see what really happened, that it wasn’t talk radio hosts or ignorance or demogogary  that cause the bailouts defeat. It was the simple people doing their democratic duty to call their representatives and tell them they do not wish to part $400,000 for evey man, woman and child to give to people who specialize in pissing it away. People who live their lives trying as best to follow the rules are not going to subsidize rule breakers and criminals and they made their feelings known.To those who voted for this horriblis, including my own Congressman, you better well be polling way above your opponents, because it doesn’t take a political genius to know that you’ve given your opponents a club to beat you over the head with. As I told,you’re crazy enough to vote for this bill, I’m crazy enough to vote for Kevin Barrett and I will.

No doubt the establishment will try again to pass something, anything to assuage Wall St.  for which we must remain vigilant. But for now us freedom fighters can celebrate saving the capitalist system and freed the American people, not just from Wall Street’s hostage takers, but from fear itself.

“Some observations from the free-market fringe …”

Ha ha. Remember the good ol’ days when conservatives were accused of being too ideologically free market.

I have managed to find two (maybe three) bloggers at NRO who oppose the bailout and support the House Republicans. I’m very happy to say that the ratio is much higher here.

The first one, by Ian Murray, starts out with the title above.

Andy McCarthy “respectfully dissents” here.

And that pesky democracy gets in the way here.

Calls 90 to 1 Against the Bailout!

I have been watching CNN in the break room. The commentators are dumbfounded. The elites and the “level heads” have been defeated by the “ignorant” masses. It ain’t supposed to happen that way. Me thinks somebody miscalculated.

One commentator said calls to Congress were running 90 to 1 against.

We CAN make a difference. We did on amnesty.

The defeat comes at the hands of the Republicans who are essentialy giving the President the finger as they face re-election. There may not be a dimes worth of difference between the two duopoly parties, but perhaps, just perhaps, there is a penny’s worth.

My Open Letter is Up at EtherZone

My open letter to my Congressman and Senators on the bailout fiasco is now up at EtherZone.

It looks like this bill is going to happen despite near unanimous opposition from those who bothered to contact their Representatives and Senators. I guess the people that really matter made a few calls and got a deal done. “Representative” democracy at work.

America Held Hostage – Weekend Edition

Ahh, the Establishment never sleeps, and doesn’t follow college football apparently. While we were watching action on the gridiron, apparently they’ve spent all day in negotiations with another apparent “breakthrough”  reported. The House wants to vote on it Sunday and get the hell out of town before their phone lines jam again. The Senate won’t be in session until Tuesday. As you’ll see from the article, everything is being done before Asian markets open Sunday. If there’s anything that shows how much the U.S.  empire has rotted, it is this pertinent fact.

We’ll have to wait and see the final details but if there’s one small consolation to take from this whole rotten episode is that the new bailout package is better that what was originally proposed. However, since we’re still heading towards socializtion of free market anyway regardless what shade of lipstick you put on this pig, perhaps this article from Reason magazine’s David Weigel will explain fully what happens to a political party that flat runs out of ideas.

How could you have a group of supposed liberty-mided Republicans and NOT have Ron Paul as a member? Maybe their views on FISA  have nothing to do with liberty at all.

Who do These Clowns Think They Represent?

Sen. Harry Reid really wants a bailout deal by Sunday. “Why Sunday,” you may ask? Well according to Sen. Reid we need to “come up with a final agreement before the Asian markets open Sunday night.” You know, to reassure them. That’s funny. I thought Sen. Reid represented his constituents in Nevada, not international financial markets. Silly me. What was I thinking?

Uncle Sam, RIP

Pat Buchanan, as usual, cuts through the malarkey about the Wall Street Bailout. He’s a dangerous man, because he looks past the smoke and mirrors and sees what our handlers don’t want us to see:

And even if this is passed, say Paulson and Fed Chairman Ben Bernanke, there is no guarantee this will resolve the crisis. If the $700 billion is not provided and the toxic paper is not pulled off the books of the world’s banks by U.S. taxpayers, however, we face an almost certain collapse, surging bankruptcies, rising unemployment, a shrinkage of GDP and a recession, if not worse.

Yet, the fellows who tell us we face a financial mushroom cloud over every American city if we do not act at once to provide the $700 billion did not see this coming and can make no guarantee that this will succeed and end the crisis.

Nevertheless, it must be done, and done now, as collapse is imminent.

Notice that this daylight robbery is being perpetrated by the same crowd of liars and parasites who lied us into the disastrous war against Iraq. And once again, they think they can spook us into stampeding into the holding pen where they can start skinning. But the livestock has turned rebellious. Maybe we have learned something over the past 5 years.

An Open Letter to my Congressman Regarding the Bailout

Dear Rep. Jim Marshall (Sen. Johnny Isakson, Sen. Saxby Chambliss),

Please vote “no” on the proposed bailout (a.k.a. wealth transfer). Vote “no” on the Paulson/Bush/Dodd/Schumer/Frank etc. (Obama? McCain?) bailout scheme and any other proposed “compromise” bailout. This unprecedented and unconstitutional power grab can not be salvaged. (One quick question before I proceed. What Article and section of the Constitution authorizes this expenditure in the first place? Just curious.)

You can not fix a problem that was caused by the Federal Reserve creating funny money out of thin air and government induced market distortions by creating more funny money out of thin air and adding more market distortions. This will simply postpone and intensify the inevitable day of reckoning. The Fed’s counterfeiting project is a house of cards that MUST one day fall. It is simply not sustainable.

As Pastor and Internet columnist Chuck Baldwin has said: (As I am sure many here know, Chuck Baldwin is also the Ron Paul endorsed Presidential candidate of the Constitution Party, but I didn’t mention that tidbit of information to my Democrat Congressman or my two Republican Senators.)

Virtually our entire financial system is based on an illusion. We spend more than we earn, we consume more than we produce, we borrow more than we save, and we cling to the fantasy that this can go on forever. The glue that holds this crumbling scheme together is a fiat currency known as the Federal Reserve Note, which was created out of thin air by an international banking cartel called the Federal Reserve.

According to Congressman Ron Paul, in the last three years, the Federal Reserve has created over $4 trillion in new money. The result of all this “money-out-of-thin-air” fraud is never-ending inflation. And the more prices rise, the more the dollar collapses. Folks, this is not sustainable.

The only way out of this mess is to scrap the Federal Reserve, stop the government from spending more than it takes in, and return to sound gold and silver backed currency. Anything short of this is just a Band-Aid.

For the record, the content of this open letter will be published on various conservative Internet outlets where my work appears. I will gladly post as a follow-up any part of your reply that indicates your intent to vote against this multi-billion dollar boondoggle.

Thanks,
Red Phillips

No Amnesty for Wall Street

No Amnesty for Wall Street!

by Chuck Baldwin

At the time of this writing, the U.S. House and Senate are poised to pass a $700 billion bailout to Wall Street. At the behest of President George W. Bush, the U.S. taxpayers are going to be on the hook for what can only be referred to as the biggest fraud in U.S. history.

Virtually our entire financial system is based on an illusion. We spend more than we earn, we consume more than we produce, we borrow more than we save, and we cling to the fantasy that this can go on forever. The glue that holds this crumbling scheme together is a fiat currency known as the Federal Reserve Note, which was created out of thin air by an international banking cartel called the Federal Reserve.

According to Congressman Ron Paul, in the last three years, the Federal Reserve has created over $4 trillion in new money. The result of all this “money-out-of-thin-air” fraud is never-ending inflation. And the more prices rise, the more the dollar collapses. Folks, this is not sustainable.

Continue reading

Ron Paul answers the President

The financial meltdown the economists of the Austrian School predicted has arrived.

We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. By doing more of the same, we will only continue and intensify the distortions in our economy – all the capital misallocation, all the malinvestment – and prevent the market’s attempt to re-establish rational pricing of houses and other assets.

Last night the president addressed the nation about the financial crisis. There is no point in going through his remarks line by line, since I’d only be repeating what I’ve been saying over and over – not just for the past several days, but for years and even decades.

Still, at least a few observations are necessary…

Continue reading

America Held Hostage – Day 4, House GOP in revolt

Gentlemen, if it wasn’t for us, this bailout would have been signed sealed and delivered tomorrow. Instead, our phone calls and emails have triggered a GOP revolt and that’s the only thing that can sink this awful bailout. Let’s keep it up.

Of course, tomorrow I predict the stock market will go completly in the tank if nothing else happens in the next 16 hours. The losses will be so severe that it will put the vise on the Congressional negotiators. Watch for Wall Street to put the screws on. Hopefully the will to resist is still there.

Oh by the way, Washington Mutual just went belly up today. Largest bank failure in U.S. History. JP Morgan bought ‘em up in a fire sale. I just got a credit car offer from them in the mail yesterday. Should I apply?

Vote in This Fox Business Poll Regarding the Bailout

Fox Business asks, “Who do you think will come out of this economic crisis looking smartest?” The choices are Ben Bernanke, Henry Paulson, Warren Buffett, Bill Gross or Ron Paul. Well that’s easy. Ron Paul has been warning us for years  that the Fed’s funny money house of cards could not stand. Not surprisingly, he is winning.

http://www.foxbusiness.com/

Scroll down. The poll is on the left. (That’s appropriate. Talk of a bailout belongs on the left, no matter how much Bush and McCain may pimp for this unconstitutional power grab.)

Hat tip to the Lew Rockwell blog.