Nationalizing Banks and the End of the State
Government moves again to unclog credit lines | MiamiHerald.com
Excerpt:
Said Bernanke: “We will not stand down until we have achieved our goals of repairing and reforming our financial system and thereby restoring prosperity to our economy.”
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 are expected to be nonvoting ones.
“The government’s role will be limited and temporary,” Bush pledged. “These measures are not intended to take over the free market but to preserve it. He said these steps and other related actions echoed similar bold moves made overseas in an effort to prevent a global recession. Bush said that by restoring confidence in the system, the hope is to “return our economy back to the road of growth and prosperity.”
The belief, nay hope, that the Federal Government/Fed can solve any problem that they created by doing more of what caused the problem in the first place is pathetic. Does anybody doubt that we live in a fascist country now? Does anybody with half a brain really believe that casting a vote for Frick or Frack can “fix” the economy? “Limited and temporary” government power to save the free-market; uh, right.
The biggest, most powerful state in history is on its knees folks. The idiots who birthed this fiasco are getting desperate while grabbing more power and exercising more control. I hope you all are tightening up your local networking groups, especially with your local farmers. Silver is a steal. Prepare for the worst and hope for the best.