Rules for me, but not for thee
Dabeav
YaBB God
Posts: 3,785
Political Matrix
E: 2.19, S: -5.39
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« on: September 28, 2008, 10:48:03 AM » |
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« edited: September 28, 2008, 10:51:51 AM by Dabeav »
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Just about anyone who knows anything about economics is AGAINST this bailout, and Ron Paul has been warning us about this for DECADES. Ever since Bretton Woods (the last of the gold standard) ended and Bretton Woods II was inacted (basing the world's economies on the US petro-dollar), RP has been warning of imposing disaster.
Simply put, at best, this just drags out the inevitable a little longer. At worst, this is the straw that breaks the camel's back and all trust is lost in the government and the financial system leading us to a Greater Depression. Gold has to be returned to the dollar's value and the collective belts tightened. This must balance out and we need a huge deflationary swing and people will save (hoard) money. This is fine. The economy needs to heal, a $700bil or $1tril bailout is just widening the cut. Which would lead into (national) socialism.
But, at least the socialists here should be screaming hooray because we're just a step away from becoming the USSA. Just wait until you wait in bread lines for health care, or lines for anything and people start fighting each other over a loaf of bread. It's not going to be like Canada or Italy or France, it's going to be a mess. Greed is going to drive the barons at the top to make all the money as there will be a few central banks (you can already see one they've chosen - JPMorgan Chase) owning everything in the country. Sounds a lot like the way the USSR ran things to me. A few rich fat cats at top, everyone else beneath them in "socialism".
If this bill passes, I'm going to make serious plans to leave this country. There will be no return, not for a while. Right now, I'm buying gold whenever I can. And I'll check this place out every so often if it's still here and see if socialism is going just the way you hoped.
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