Wednesday, September 24, 2008

FBI Probes Into Financial Crisis Will Not Stop The Creature From Jekyll Island

"I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -Thomas Jefferson

Just Get There On Tuesday, the FBI announced an investigation of the four major U.S. financial institutions at the center of the proposed $700 billion dollar bailout planed by Paulson and the Bush Administration. With the addition of Fannie Mae and Freddie Mac, AIG and Lehman Brothers, this would bring the grand total of corporate lenders to 26 over the past year. Excuse me for the lack of faith from the FBI, but this will probably be a farce with low level execs being sacrificed while the CEO's, top execs and other benefactors get away scot free with multi-million dollar bonuses. A real investigation into this mess shouldn't end there, they should also be investigating the Treasury, Fed and Bush administration as well, since they are the real culprits who let this happen over the years. The fact that they are trying to ram this so called "bailout" through without any oversight, Constitutional authority and the threat of economic doom is reason enough. These actions represent an apparent financial dictatorship lead by Paulson which began with the bailout of Bear Stearns.

Similar to the passage of the Patriot Act, most of the congressman who's job it is to uphold the Constitution and represent the American people, will probably not even read the bill even if they have a chance to. In essence, we are looking at the socialization of our economic system by the very same people who engineered the collapse by sheer greed. The root cause of the problem is not being addressed whatsoever, a fiat monetary system based on debt, with money printed out of thin air, backed up with ones and zeros on a computer which are turned into derivatives leveraged out to infinity.

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