|
No
Amnesty For Wall Street
By
Chuck Baldwin
September 26, 2008
NewsWithViews.com
At
the time of this writing, the U.S. House and Senate are poised
to pass a $700 billion bailout to Wall Street. At the behest
of President George W. Bush, the
U.S.
taxpayers are going to be on the hook for what can only be
referred to as the biggest fraud in
U.S.
history.
Virtually
our entire financial system is based on an illusion. We spend
more than we earn, we consume more than we produce, we borrow
more than we save, and we cling to the fantasy that this can
go on forever. The glue that holds this crumbling scheme
together is a fiat currency known as the Federal Reserve Note,
which was created out of thin air by an international banking
cartel called the Federal Reserve.
According
to Congressman Ron Paul, in the last three years, the Federal
Reserve has created over $4 trillion in new money. The result
of all this "money-out-of-thin-air" fraud is
never-ending inflation. And the more prices rise, the more the
dollar collapses. Folks, this is not sustainable.
Already,
Bear Stearns was awarded a $29 billion bailout, followed
quickly by the bailout of Freddie and Fannie that will cost
the taxpayers up to $200 billion. Then the Fed announced the
bailout of AIG to the tune of $85 billion. Mind you, AIG is an
enormous global entity with assets totaling more than $1.1
trillion. Moreover, the Feds agreed to pump $180 billion into
global money markets. And the Treasury Department promised $50
billion to insure the holdings of money market mutual funds
for a year. Now, taxpayers are being asked to provide $700
billion to Wall Street. (I hope readers are aware that, not
only will American banks be bailed out, but foreign banks will
also be bailed out. Then again, at least half of the Federal
Reserve is comprised of foreign banks, anyway.) In other
words, the Federal Reserve is preparing to spend upwards of $1
trillion or more. Remember again, this is fiat money, meaning
it is money printed out of thin air.
All
of this began when the U.S. Congress abrogated its
responsibility to maintain sound money principles on behalf of
the American people (as required by the Constitution) and
created the Federal Reserve. This took place in 1913. The
President was Woodrow Wilson. (I strongly encourage readers to
buy G. Edward Griffin's book, The Creature from
Jekyll
Island
.) Since then, the
U.S.
economy has suffered through one Great Depression and several
recessions--all of which have been orchestrated by this
international banking cartel. Now, we are facing total
economic collapse.
But
don't worry: the international bankers will lose nothing--not
even their bonuses. They will maintain their mansions, yachts,
private jets, and Swiss bank accounts. No matter how bad it
gets on
Main Street
, the banksters on Wall Street will still have the best of
it--President Bush and the Congress will make sure of that.
This is one thing Republicans and Democrats can agree on.
America
's
founders were rightfully skeptical of granting too much power
to bankers. Thomas Jefferson said, "If the American
people ever allow private banks to control the issuance of
their currency, first by inflation and then by deflation, the
banks and corporations that will grow up around them will
deprive the people of all their property until their children
will wake up homeless on the continent their fathers
conquered."
Jefferson
also believed that "banking establishments are more
dangerous than standing armies; and that the principle of
spending money to be paid by posterity, under the name of
funding, is but swindling futurity on a large scale."
Daniel
Webster warned, "Of all the contrivances for cheating the
laboring classes of mankind, none has been more effectual than
that which deludes them with paper money."
Webster
also said, "We are in danger of being overwhelmed with
irredeemable paper, mere paper, representing not gold nor
silver; no, Sir, representing nothing but broken promises, bad
faith, bankrupt corporations, cheated creditors, and a ruined
people."
Our
first and greatest President George Washington said,
"Paper money has had the effect in your State [
Rhode Island
] that it ever will have, to ruin commerce--oppress the
honest, and open the door to every species of fraud and
injustice."
If
George W. Bush, John McCain, or Barack Obama had any honesty
and integrity, they would approach the current banking malady
in much the same way that President Andrew Jackson did. In
discussing the Bank Renewal bill with a delegation of bankers
in 1832,
Jackson
said, "Gentlemen, I have had men watching you for a long
time, and I am convinced that you have used the funds of the
bank to speculate in the breadstuffs of the country. When you
won, you divided the profits amongst you, and when you lost,
you charged it to the bank. You tell me that if I take the
deposits from the bank and annul its charter, I shall ruin ten
thousand families. That may be true, gentlemen, but that is
your sin! Should I let you go on, you will ruin fifty thousand
families, and that would be my sin! You are a den of vipers
and thieves. I intend to rout you out, and by the eternal God,
I will rout you out."
What
President Andrew Jackson said to the bankers in 1832 is
exactly what an American President should say to these
criminal international bankers today. But what George Bush,
John McCain, and Barack Obama want to do is provide amnesty
for the international bankers, just as they want to provide
amnesty for illegal aliens. I say, No amnesty for Wall Street,
and no amnesty for illegal aliens, either. Instead of sending
these banksters on extended vacations to the
Bahamas
with millions of taxpayer dollars in their pockets, we should
be sending them straight to jail!
The
only way to fix this economic mess that the international
bankers have created is to return
America
to sound money principles, as prescribed in the U.S.
Constitution. This means dismantling the Federal Reserve and
the Internal Revenue Service, overturning the 16th Amendment
and the personal income tax, and returning the American
monetary system to hard assets: gold and silver. Anything
short of this will only delay and worsen the inevitable
collapse that has already begun.
*If
you enjoyed this column and want to help me distribute these
editorial opinions to an ever-growing audience, donations may
now be made by credit card, check, or Money Order. Use
this link.
*Disclaimer:
I am currently a candidate for President of the
United States
on the Constitution Party ticket. Click here
for my official campaign web site.
©
2008 Chuck Baldwin - All Rights Reserved
Link:
http://www.newswithviews.com/baldwin/baldwin471.htm
| 
