A tidbit from the Bailout Bill
Financial institutions are “designated as financial agents of the Government.”
“Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.”
The fact that America is not a free market economy has been obvious to me for a while. I think now, it's not even debatable anymore... In a free market, when bubbles burst--PRICES FALL! It's natural, it's healthy, and it leads to a SUSTAINABLE economy. When, in order to keep prices of stocks, housing, and energy artificially high, the government pays TRILLIONS (and it well get well into the trillions) to bail out FAILED BANKS that wrote STUPID LOANS--that is called STATE CAPITALISM, and it leads to HYPERINFLATION. When I went to Russia in 1993, they were in the middle of a hyperinflationary period brought about by their State Capitalist economic practices (yes, they officially became a "democracy" in 1991, but c'mon...). When I got there, the exchange rate was 700 rubles to the dollar. When I left, 8 days later, the exchage rate was 800 rubles to the dollar. We are pointing ourselves down the same road.
Is this the USA? Or the U.S.S.A.?
This is proof that neither the democrats nor the republicans (save maybe one or two individuals) have any inkling of what the Constitution actually means. They are pawns of the corporate banking state and CLEARLY enemies of the people of the United States. Within the next several years, the IMF/World Bank as opposed to the US Government will be bailing out the American economy, our dollars will be worth next to nothing, and then we will be part of the 3rd world economy. Time to start thinking about what you're going to do with your first million dollar bill.
“Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.”
The fact that America is not a free market economy has been obvious to me for a while. I think now, it's not even debatable anymore... In a free market, when bubbles burst--PRICES FALL! It's natural, it's healthy, and it leads to a SUSTAINABLE economy. When, in order to keep prices of stocks, housing, and energy artificially high, the government pays TRILLIONS (and it well get well into the trillions) to bail out FAILED BANKS that wrote STUPID LOANS--that is called STATE CAPITALISM, and it leads to HYPERINFLATION. When I went to Russia in 1993, they were in the middle of a hyperinflationary period brought about by their State Capitalist economic practices (yes, they officially became a "democracy" in 1991, but c'mon...). When I got there, the exchange rate was 700 rubles to the dollar. When I left, 8 days later, the exchage rate was 800 rubles to the dollar. We are pointing ourselves down the same road.
Is this the USA? Or the U.S.S.A.?
This is proof that neither the democrats nor the republicans (save maybe one or two individuals) have any inkling of what the Constitution actually means. They are pawns of the corporate banking state and CLEARLY enemies of the people of the United States. Within the next several years, the IMF/World Bank as opposed to the US Government will be bailing out the American economy, our dollars will be worth next to nothing, and then we will be part of the 3rd world economy. Time to start thinking about what you're going to do with your first million dollar bill.
posted by and i at 9:03 AM
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