Thursday, October 09, 2008

Eerily Accurate, King Barack

Over a year ago I noticed and mentioned to friends that regulators of Banks were using merger activity to audit, supervise and essentially sit down at the table with the Board of Directors and run Banks. This has been going along for a long time, one of the more recent symptoms I noticed was banks lying down and dying in front of a lawsuit regarding points paid on the generation of "Indirect" auto loans through car dealerships. Now we have this via "Yahoo News" and the Associated Press;

"An administration official, who spoke on condition of anonymity because no decision has been made, said the $700 billion rescue package passed by Congress last week allows the Treasury Department to inject fresh capital into financial institutions and get ownership shares in return."

In this world, your money is tied to the degree of freedom you have. It represents what you own. In a real sense you give part of your freedom to the bank you do business with. Having that bank free and flush and in competition with other such banks is important. There is risk, but you choose your "master" or your partners, you don't have them chosen for you.

As we lurch towards monarchy and dictatorship, we must keep this in mind. The government of this country has tweaked and messed with banks well beyond the need created by the FDIC. They've modified who they lent money too and now we have a crisis. Pointing to the excesses and junkets of the super rich is a distraction to lead you away from the ownership of all by the Feds. Remember this? Genesis 47;

"We will not hide it from my lord, how that our money is spent; my lord also hath our herds of cattle; there is not ought left in the sight of my lord, but our bodies, and our lands: wherefore shall we die before thine eyes, both we and our land? buy us and our land for bread, and we and our land will be servants unto Pharaoh: and give us seed, that we may live, and not die, that the land be not desolate. And Joseph bought all the land of Egypt for Pharaoh; for the Egyptians sold every man his field, because the famine prevailed over them: so the land became Pharaoh's. And as for the people, he removed them to cities from one end of the borders of Egypt even to the other end thereof. "

By this description, you have more than one foot into slavery NOW. You're stepping all the way in as we speak. The speed with which this is happening is indeed astounding. Two events seem critical to me. One is the consideration of ownership of Banks, which was indeed forced in part by previous federal intervention. This is very disturbing. The bureaucracy of the Federal government will continue to advocate this long after George Bush is gone. Your mortgage holder owns your house. You just live there.

Now as a nation we propose that it is in fact the Republicans fault that the country is in the fix it is in (and indeed some of the blame MUST be there) because George Bush is president. In the first debate I noted that Jim Lehrer actually said "How would you RULE?" to the two candidates. We actually believe in electing either candidate that the president of this country is our KING, therefore the economy is his fault. For this reason we will probably elect Barack Obama. Not as president, but as KING.

The LACK of responsibility that we assign Congress, who are constitutionally given the much greater role in spending and taxing (at a rate far greater than Joseph's 20%) than that of the president. We appear also poised to continue Democrat dominance of the two houses of Congress and even INCREASE it by rebelling against our former perceived "Monarch," George Bush, and electing and even MORE heavily Democrat House and Senate than before. This in effect will make Barack Obama, who is at least a former Muslim (perhaps in name only) our first King. Staggering indeed.

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