Words from the Rising Republics
December 03, 2015Just having great wealth is not the real issue here. It is what you do with that wealth and how did you acquire that wealth. Free enterprise capitalist would be one who acquires his wealth through competition and free enterprise and producing products and services as a better quality and a lower cost. A monopoly capitalist would be one who acquires his wealth by purchasing the loyalty of politicians and the passing of certain laws to throw the weight of government in his favor, and to put obstacles in the way of his competition. So there are two kinds of capitalists. If you can use that word we have to be very clear. The capitalist we are talking about in bank bailouts is that, as if the congress supported a totalitarian regime which is not a free enterprise capitalist but is a monopoly capitalist. They believe in the concept of collective. The issue of bank bailouts is a very simple. You can make it complicated, but at its core it's a very simple issue. The banks who own the Federal Reserve system is a cartel of banks and have great influence over our federal government. When the banks got in trouble and were about ready to go bankrupt most of them, if you look at their balance sheets they were technically bankrupt because they had made so many bad loans to Third World countries or large corporations in these countries and corporations were no longer able to continue paying interest on these loans, the bank was coming to the point where they had to write these loans off as bad loans. That would have destroyed the banks they would've gone under. They were going out of business, so they went to their friends in Washington and they said, “Look we need to save America, we need to save the banks, we need to save America because if the banks fail, well then who knows what will happen, America will go down.” So their friends in Congress voted them billions and finally trillions of dollars to make all of this happen. They bailed out General Motors and Ford in various countries and the banks themselves. It was offered to the American people as a great move on behalf of America. This is how we save America by saving the banks. It almost worked except for the fact that by this time, some people were aware of the game. They knew that the Federal Reserve system was creating money out of nothing. They knew that that would result in their having to pay the bill either in the form of taxes or through inflation. Ultimately in the form of inflation because the politicians are not willing to increase taxes as much as they should in order to pay for these expenditures. So they always keep the taxes as low as possible, but they collected through inflation because by pumping this new money into the economy it waters down the purchasing power of all the money that's there. So, when the voters realize that they were going to pay these bills, they did not want the government paying these bills which are bailing out the banks. It was the citizens, the consumers bailing out the banks. When they realize that, there developed a great movement against it, a lot of anger and specially when the consumer found out that some of these executives were now getting million-dollar bonuses for bankrupting their banks and so forth. There was a lot of heat. The media used the bonuses to distract the public attention from the real issue. The real issue was the fact that the Federal Reserve and Congress was creating all of this money out of nothing to bailout the banks. The real issue is that it is going to bankrupt America. It is going to drive people out of work, out of their homes, and it was going to destroy America. But did they talk about that whole? They talked about how bad it was. The President of some banks got a million-dollar bonus and that's was where all the attention went for quite a while. A side issue. So there we have. What can you say. Even though the people are upset about it, it didn't make any difference because the people do not control their government. They think they do, but they don't. The politicians are beholden to the banking fraternity, to the Federal Reserve, to the banking cartel. That is where the power resides today. If you need do have any proof of that, all you have to do is just take a look at the recent history of the bailout of the banks, done against the will of the majority of the American people, against the anger of the majority of the American people and nevertheless Congress went right ahead and did it. The President of the United States declared himself for it and everybody was for it at the top, but at the bottom the people did not want it. So, how is that possible if the people control their own government? No, it's proof positive that the people of the United States have lost control of their own government
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