Solving the Economic Crisis

September 30, 2008

I wanted to write a post today about the financial mess that is destroying our lives and the proposed solutions that will destroy our liberty. I was totally frustrated with my lack of time to do so. (Working women’s voices are all too often silenced by a heavy load and time constraints.) When I checked my email this morning, I found this email from Connor Boyack that I would like to share. Make sure to listen to the YouTube clip.

The Sidelined Sages of Economic Cycles
By Connor Boyack

Being the news junkie that I am, I’ve been closely paying attention to this entire bailout fiasco, and observing the various responses and reactions it has elicited.  One of the more interesting things I’ve noticed is who our elected leaders are listening to for advice and counsel.

 

During the Congressional hearings last week, Senator Bennett (of Utah) and others repeatedly praised Fed Chairman Bernanke and Treasury Secretary Paulson (both household names by now) for their gracious insight regarding the economic crisis.  Apparently they had had a closed session where certain Congressmen were taught the nitty gritty of the economy, and given a deeper sneak peak as to how large the problem is.  The Senators were very appreciative of the wisdom of these two men.

 

Nobody seemed to notice (or at least they did not mention) that these two individuals are among the biggest culprits that got us into this mess!  With Bernanke as High Priest of Inflation and Paulson as Wall Street Czar, it was downright laughable to see the praise with which they were saturated by various Senators.  Instead of praising these two men, they should have had them removed from office!

 

So, a question: to whom are we as (hopefully slightly brighter and a bit more sane) Americans listening for financial advice and political wisdom in these times of economic disarray?

 

Well, that answer depends on each individual.  Perhaps a better question is: who should we be listening to?  Certainly not the folks who got us into this mess, and who only two weeks ago were praising the fundamentals of the economy as “sound” and reassuring investors and bankers alike that everything was peachy keen.

 

We should be listening to the people who during the “booms” and “bears” were predicting and warning about the “busts” and “bulls”.  It’s an everlasting shame that these are the exact people who are scorned and ridiculed for their warning voice.  Consider this video of Peter Schiff, warning about an oncoming recession two years ago.  He was laughed at and opposed with horribly weak arguments that have since proven his point.

 

 

Do you want to know who we should listen to?  Who knows the way out of this mess?  It’s the people who several years ago were speaking about it despite the derision of their peers.  Search the news archives and you’ll see a select few individuals whose foresight and wisdom have proven prophetic.

 

They are the ones we should be listening to, not the crooks who perpetrated this entire fraudulent debacle.  So long as the men who helped bring us this mess remain in power, those sounding a warning voice will be sidelined, ridiculed, and labeled as fringe.

 

And that is a net loss for America and her economy.

 

Thanks Connor! And, I might add – It is a net loss for Americans and their liberty! Now is the time to scream at Washington. Make your voices LOUD and CLEAR. We need to clean house not consolidate power in the hands of the traitors who created this mess. 


America’s Financial Demise

September 23, 2008

I would like to thank Connor for allowing me to post his blog post on my blog. I think this is critically important and hope that you will all help spread the word, call your congressional representatives and fight this as hard as you can. Interestingly, the same persons who cooked the books and caused the financial problems we are now facing as a nation are the financial advisors to Barack Obama.

The Laws of Wickedness and America’s Demise

By Connor Boyack

For the past several decades, America has been dying a slow death. Certain pieces of legislation, offensive military engagements, and financial policies have put one nail after another into the coffin. This week, Americans witnessed one of the final nails being put in place, though few understood the gravity of the situation.

America was once a nation governed by the rule of law. The Constitution—a written document serving to bind down those who aspire to power and wealth—was established to provide a moral framework of Republican law. Despite its early success and worldwide popularity, it was not long before evil Mahanites sought out ways to circumvent the law.

The Book of Mormon reveals the aims and methods of these people, whose successors have carried on the works of darkness in our own day:

And whosoever of those who belonged to their band should reveal unto the world of their wickedness and their abominations, should be tried, not according to the laws of their country, but according to the laws of their wickedness, which had been given by Gadianton and Kishkumen.

Condemning the righteous because of their righteousness; letting the guilty and the wicked go unpunished because of their money; and moreover to be held in office at the head of government,
to rule and do according to their wills, that they might get gain and glory of the world, and, moreover, that they might the more easily commit adultery, and steal, and kill, and do according to their own wills… (Helaman 6:24, 7:5; emphasis added)

The federal government has in the past few days nationalized several major institutions in the key financial industries, proclaiming itself arbiter of what companies should and should not fail. Absent from the discussion, as always, is a declaration of their authority. No, since such scenarios are overseen by the unconstitutional Federal Reserve (a private banking company with no Congressional oversight or audits, ever), unelected men act according to their own “laws (of wickedness)” and “rule and do according to their wills.”

Despite America’s death knell this week, there is a silver lining in the dark, abysmal cloud:

The FED’s action [of bailing out AIG] amounts to the $85 billion purchase of a private company, on behalf of the federal government, using public funds – without political accountability of any kind. Outrageous as it is, this action may have the healthy, if thoroughly unintended, consequence of illustrating just who actually runs our political system and economy.

In light of such a bold power grab on the part of these unelected money-loving men, those who have been commanded to awake to such atrocities have been given another chance, one that is literally smacking them in the face (by being felt in their wallet). One might hope that more people will wake up to what’s going on. It would then be more widely known that there are evil men in (elected and unelected) office substituting their own will for the will of the people and the rule of law.

Consider the proposed bill that would allow one man, the Secretary of the Treasury, to become financial emperor of the United States. The following are a few select portions which deserve public scrutiny:

Section 2(b)
Necessary Actions.–The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act, including,
without limitation:

Should this bill pass, the Secretary would have the unfettered authority to institute his will in the marketplace, however he pleases. Without limitation implies just that—that the provisions that follow are not all-inclusive nor definitive, but that based on his own judgment the Secretary may act in other ways without restraint. Paulson, being the CEO-on-leave of Goldman Sachs, could buy up their bad debt at a heavily discounted rate, or sell to them certain assets at a steal. The sky’s the limit!

Section 2(b)(3)
designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them;

The Secretary here grants himself the unrestrained ability to nationalize companies and deputize them, designating them “financial agents of the federal government”. Who ever heard of such a thing?

Section 5(c)
Sale of Mortgage-Related Assets.–The Secretary may, at any time, upon terms and conditions and
at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act.

This authority to fix prices and arbitrarily determine the numbers is, no doubt, a power lusted after by Gadiantons seeking to steal and get gain. Ayn Rand’s most depraved antagonists would surely be jealous.

Section 6
The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000
outstanding at any one time.

This provision gives one unelected individual a $700 billion credit card with which he can purchase whatever industry or company he sees fit, at his sole discretion. Some are erroneously reporting that this will would add $700 billion to the national debt, and that is wrong. This is not a one time expense, but a line of credit, allowing the Secretary to continually make purchases so long as the total amount does not exceed the defined limit.

Section 8
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.

So much for the separation of powers. So much for the rule of law.

This is what the laws of wickedness look like, ladies and gentleman. This is what happens when evil, unelected men are handed control of the nation’s money supply and interest rates. This is what happens when the Gadiantons control government and impose their fiendish will on their subjects.

This bill and recent bailouts by the federal government (and its puppeteer, the Federal Reserve) have driven one of the last nails into the coffin that holds America’s decomposed remnants. Soon its fate will be sealed with the final strike of the hammer, and it will be time to inter her remains into the Earth, there to join the two other civilizations that fell prey to the same works of darkness.

We cannot say that we were not warned.