Saturday, July 2, 2011

The Federal Reserve &The Treasury Department

"The persecution and expulsion of the Jews from various European nations, and the lingering resentment in anti-Semitism, traces mainly to this unhappy combination of the power of the exectuve and the action in kinetic energy (money) undermining the static structure...But the process had no relation whatever to the nationality or race of the persons involved; it occurred at other times in other countries when the financiers were of native stock, and the public fury was just as easily aroused against finance, or financiers as a group, for the same intrinsic reason.  The true remedy...is to...limit the control and absorption of the national finances by the central executive...(A)ny time when finance is under attack through the political authority, it is an infallible sign that the political authority is already exercising too much power of the economic life of the nation through manipulation of finance, whether by exorbitant taxation, uncontrolled expenditure, unlimited borrowing, or currency depreciation." (The God Of The Machine, Isabel Paterson; Transaction Publishers, 2009; p 109)
Does this sound familiar?  Sounds like our government, doesn't it?  Ms. Paterson wrote this in 1943.  All the yelling we hear now about the big financial giants, about all the wealthy, about big corporations from big government comes from the fact that big government has gotten in too deep with those giants.  When one of them doesn't do the government's bidding, there is all kinds of screaming and yelling like some 2 year-old brat throwing a temper tantrum because he/she is not getting his/her desire.
And what is really interesting is that Ms Paterson states this was the reaaon for the severe attacks on the Jews by the Nazis.  Our government is on the verge of committing the same crime, maybe not against the Jews, but against anyone who opposes it, anyone who threatens that government because whoever this is seems to have influence that can oppose the government.  The Federal Reserve is one of those tools that the government uses to threaten anyone who opposes it.  The Treasury Department has overgrown its purpose by buying out GM, AIG, and other corporations "too large to fail".
The true remedy is to limit the control and absorption of the national finances by the central executive.  Get the government out of our economy.  Cut government way back so that it will not use taxation as a weapon on those who oppose it.  STOP unlimited borrowing and uncontrolled expenditures by which the government buys influence and commitment from the private sector.  Just read Reckless Endangerrment by Gretchen Morgenson and Joshua Rosner to see how government entanglement in the financial world causes economies to crash.

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