Speak Out 4/4/09
Saturday, April 4, 2009
Best of luck
IN response to the story "Jackson-based organic pet food supplier planning $100 million expansion": I wish Miss Autumn's Barkery the best. The area could use more jobs and a go-green company that gives our pets the opportunity to have a heathy meal.
THERE will be a Boston Tea Party-type gathering from 5 to 7 p.m. April 15 at Capaha Park to peacefully protest President Obama's efforts to salvage our economy. All are welcome with the only requirement for participation being a yearly income of no less than $750,000.
I read about the ousting of the CEO of General Motors by our president. What's the difference? A couple of years ago our government decried Russian President Putin's ousting of the CEO of Russia's biggest oil company, replacing him with a party-line crony and putting the oil company under government control. President Obama just did the same thing to Rick Wagoner and GM under the lame excuse that GM is too big to fail. Who's the next big company that will get the same treatment? I will give you a list to think about: Wal-Mart, P&G, Boeing, ExxonMobil. Where is this insatiable lust for power and control going to stop, and why are the American people letting it happen? President Obama, in less than 100 days, has turned the U.S. into the new U.S.S.R.
WHAT the Southeast Missourian editorial board describes as "monumental changes" by the Obama administration are actually necessary steps needed to restore sensible regulation of the financial community resulting from the monumental changes and disastrous consequences of foolish confessional steps to deregulate banking and other financial services in the late 1990s. A Democratic senator predicted at the time that this is what would result, and it will take a Democratic president to restore sanity to our system.
THOUGH irritating to the Southeast Missourian, the reason the Obama administration keeps reminding us that President Bush's administration created this financial mess is because he did, and the American people need to be reminded of this until it's no longer necessary.
Control the Fed
EVERYONE blaming a supposed lack of regulations for our financial mess is only seeing a small part of the problem. Fractional reserve banking is a practice that allows banks to lend a multiple of what they have. If this doesn't sound like fraud to everyone, then you're misunderstanding. The Federal Reserve is not part of the government and is unaccountable to the authority of our government. Here is a quote about fractional reserve banking: "By this means government may, secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft." -- John Maynard Keynes, "The Economic Consequences of the Peace" (1920). How about one from Amschel Rothschild: "Give me control of a nation's money and I care not who makes the laws." Our system is unlawful, immoral and barely regulated. Stop blaming deregulation and start pushing for things more lawful. A start would be auditing the Fed and giving Congress oversight of the Fed. The Constitution only gives authority to Congress to coin money, and this authority has never been amended.