lewrockwell.com — "...[T]he whole of the power elite were united in favor of this awful thing that proposed the following: Americans were to be stripped of their earnings and their future to prop up failed enterprises... [T]he defeat of the bill is a victory for freedom."
Sep 30, 2008 View in Crawl 4
chupavacasSep 30, 2008
Whew! I am so relieved it didn't pass.Thanks to people like Lew Rockwell, Ron Paul, FA Hayek, Mises and Rothbard we have some knowledge around how they're trying to ensnare us into covering their bad economic decisions and force us into slavery. Let the free market work it out. Let prices fall. Government can't stop it from happening. It can only make matters worse.
saustrabeckSep 30, 2008
I ditto chupavacas's comment. I'm with Rockwell & Paul on this. Dare I even quote Greenspan (though he very much was in direct collusion with this whole mess and his 1% interest rates) and former Labor Secretary Robert Reich who also iterate that this market needs to be allowed to bottom out. Yes, we'll face a tough year long recession, but we will then be able to gage the TRUE value of these failed assets, and thus truly where we are economically, and thus begin a true consistent recovery process. All the government is doing in a panic to appease foreign markets and foreign central banks in this integrated global central banking collusion nightmare is to add bandages on top of bandages as my father would say without dressing or healing the wound. Having central banks throw more "liquidity" (generate more paper money in the commercial banking system) doesn't do anything by further delay problems. As Reich and others have stated, the markets will continue to go up and down in small cyclical patterns (relative to these massive years long boom-bust cycles monetary policy creates) with this intervention. Let the market bottom. Yes, as Lew Rockwell, Ron Paul, Reich and others say correctly, there will be pain, but the recovery process will follow.
mcla007Sep 30, 2008
Think of houses as apples...wonderful example and so very insightful...dugg!