Fox News: US Revolution by 2012, now with crunchy necropost
POSTED BY: piratenews
UPDATED: Friday, November 14, 2025 20:21
VIEWED: 2741
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'....Consider watching this video of a debate that financial analyst Peter Schiff had with Arthur Laffer on CNBC back on August 29, 2006. Schiff predicted the deep recession that is now underway and made mention of China’s role in our unfolding economic troubles. Laffer’s talk about our economic policies “working beautifully” makes him look utterly ridiculous in today’s climate. “The United States economy has never been in better shape,” he declared.
VIDEO :
The China connection to Goldman Sachs figures prominently in the current crisis. Because China owned $376 billion of Freddie Mac and Fannie Mae paper, it played a big role in the financial crisis, and Treasury Secretary Henry Paulson, with his own personal and financial ties to China, admittedly tried to reassure the Chinese through this process that their investments would be protected. They are being “protected” in the sense that the American taxpayers are now on the hook for these government mortgage companies, which have been nationalized.
On top of this, Paulson, a former CEO of Goldman Sachs, made sure, as part of the bailout legislation, that he could bail out Chinese banks holding other troubled U.S. assets.
Schiff, who blows the whistle on these schemes, is not very popular in the media, which have been telling us consistently that things would get better after Wall Street was bailed out. But Schiff was on Bloomberg on October 28 talking about how the problems will get worse if we continue to follow the current tax, spend and bailout policies. His basic message is that the U.S. is broke and that the situation will get worse under an Obama Administration because of its commitment to more federal interference and involvement in the economy.
Nevertheless, during this discussion, a week before the election, Schiff predicted an Obama victory because “nobody is going to vote for four more years of this” and voters “are going to grasp at straws and vote for anybody who promises change.” But the change is phony, he warned. Obama “will put several nails in the coffin,” he said. “We’re going to get more of the same, only worse.”
Leaving aside the $1.8 trillion cost of the bailout and other socialist-style schemes that have been undertaken in the current crisis, the Peter G. Peterson Foundation reports that the total federal burden on U.S. taxpayers is now approaching $54 trillion—a cost of $175,000 per person. The Peterson Foundation seeks to educate the public and the press about the U.S. financial situation. It’s fine to educate people. But what about prosecuting those federal officials who brought the U.S. to the brink of financial apocalypse?
During an October 13 Fox News discussion of the mismanaged companies now going bankrupt or seeking federal bailouts, the subject of prosecuting somebody actually came up. Host Jaime Colby asked, “Where are the criminal prosecutions because I think their pictures should be hanging up in the post office?” Schiff, a guest on the show, went beyond the corporate executives and urged the prosecution of former Federal Reserve Board chairman Alan Greenspan, the husband of NBC News correspondent Andrea Mitchell, who told the House Committee on Oversight and Government Reform on October 23 that he had “made a mistake” in his stewardship of the economy. This is after he received an $8.5 million advance on his 2007 memoir, The Age of Turbulence: Adventures in a New World.
http://www.newswithviews.com/Kincaid/cliff269.htm
'...As bad as it is, the situation could get far worse. At the House hearing, Rep. Jim Cooper, a more conservative Democrat from Tennessee, brandished a copy of the official Financial Report of the United States Government, which outlines the $54 trillion fiscal gap, primarily unfunded liabilities, that America faces if the government doesn’t change course. “Why is this document so hidden? Because it contains such bad news,” Cooper said. “On your watch,” he said to Greenspan and the other witnesses, “did you do anything to publicize
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"The release of initiative and enterprise made possible by self-government ultimately generates disintegrating forces from within. Again and again, after freedom brings opportunity and some degree of plenty, the competent become selfish, luxury-loving and complacent; the incompetent and unfortunate grow envious and covetous; and all three groups turn aside from the hard road of freedom to worship the golden calf of economic security. The historical cycle seems to be: from bondage to spiritual faith; from spiritual faith to courage; from courage to liberty; from liberty to abundance; from abundance to selfishness; from selfishness to apathy; from apathy to dependency; and from dependency back to bondage once more."
--Arnold Toynbee
“Well, Doctor, what have we got—a Republic or a Monarchy?”
“A Republic, if you can keep it.”
ATTRIBUTION:
The response is attributed to BENJAMIN FRANKLIN—at the close of the Constitutional Convention of 1787, when queried as he left Independence Hall on the final day of deliberation—in the notes of Dr. James McHenry, one of Maryland’s delegates to the Convention.
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The United States shall guarantee to every State in this Union a Republican Form of Government...
Main article: Guarantee Clause
This clause, sometimes referred to as the Guarantee Clause, while somewhat obscure today, has historically been a part of the debate about the rights of citizens vis-a-vis state governments. No explanation is offered in the Constitution as to what constitutes a republican government, however the Federalist Papers give us a keen insight as to the intent of the Founders. A Republican form of government is meant to distinguish its institutional function from a pure democracy, which the Founding Fathers abhorred. Here is a quote by James Madison regarding that subject:
A pure democracy is unwieldy, dangerous in its passion, and subject to mob rule thereby lending itself to instability and violence. 'Democracies have ever been spectacles of turbulence and contention; have ever been found incompatible with personal security, or the rights of property; and have, in general, been as short in their lives as they have been violent in their deaths.' —James Madison
http://en.wikipedia.org/wiki/Article_Four_of_the_United_States_Constit
ution
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Quote:
Originally posted by piratenews:
WE ARE UNDER ATTACK HERE IN THE HOMELAND.
DON'T KNOW HOW LONG I CAN HANG ON.
MUST RESIST NEW WORLD ODOR.
REMEMBER TO...
So what's everybody doing for lunch? I'm thinking Chick-fil-a...
H
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Quote:
Originally posted by Hero:
So what's everybody doing for lunch? I'm thinking Chick-fil-a...
/B]
I'm going to a subway around the corner from where I work.
Do not fear me. Our's is a peaceful race and we must live in harmony.
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Quote:
Originally posted by Hero:Quote:
Originally posted by piratenews:
WE ARE UNDER ATTACK HERE IN THE HOMELAND.
DON'T KNOW HOW LONG I CAN HANG ON.
MUST RESIST NEW WORLD ODOR.
REMEMBER TO...
So what's everybody doing for lunch? I'm thinking Chick-fil-a...
H
You buying ?
Last time I went by the Chick-fil-a , some girls had put up a tent , a band was playin' , and it sure was a good time...
I enjoy a good bit of Chick-fil-a show...
I'll have my secretary call your secretary , we'll set this thing up !
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What, nobody likes ye olde standarde issue cheeseburger, fries and a coke no more ?
Been puttin those away for more than three decades, and hopefully at least three more, even my mother used to tell me I'd burn out on em, but it sure ain't happened yet.
Mmmm, cheeezeeeburrrgerrrrr...
-F
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Quote:Omnivore.
Originally posted by Fremdfirma:
Mmmm, cheeezeeeburrrgerrrrr...
Chrisisall
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Speaking of homeland security though...
Crimes by air marshals raise questions about hiring
http://www.usatoday.com/news/washington/2008-11-12-air-marshals_N.htm
Anyone ELSE notice a really huge correllation between guns, badges, and criminal activity ?
I would lay good money if you tallied the crimes committed by 200 cops, against 200 randomly chosen citizens, it would come in at LEAST five to one more crime at the hands of the cops.
And they're supposedly the assholes we depend on to prevent it.
Tell me again how that business model would work in the REAL world without Government to hold it up as a protected monopoly ?
-Frem
It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it
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Quote:
Originally posted by Fremdfirma:
Speaking of homeland security though...
Crimes by air marshals raise questions about hiring
http://www.usatoday.com/news/washington/2008-11-12-air-marshals_N.htm
Anyone ELSE notice a really huge correllation between guns, badges, and criminal activity ?
I would lay good money if you tallied the crimes committed by 200 cops, against 200 randomly chosen citizens, it would come in at LEAST five to one more crime at the hands of the cops.
And they're supposedly the assholes we depend on to prevent it.
Tell me again how that business model would work in the REAL world without Government to hold it up as a protected monopoly ?
-Frem
It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it
Naaahhhh - if you rely on POLICE statistics, the cops will have committed no crimes. Ever.
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Useful stuff.
http://www.ojp.usdoj.gov/bjs/
Costs too damn much, and raises privacy concerns out the whaz, but useful all the same.
-F
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