Here is the fact sheet and the new website for the Administration’s Financial Stability Plan.
Lord Acton once said, “The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.”
It appears that the end game is upon us.
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A successful Bank
A good bank. It’s nice to hear about them.
http://www.washingtonpost.com/wp-dyn/content/article/2009/02/10/AR2009021003583.html?wpisrc=newsletter
I would like to add to Matthew’s comments.
The stranger that is within thee shall get up above thee very high, and thou shalt come down very low. He shall lend to thee, and thou shalt not lend to him; he shall be the head, and thou shalt be the tail.” Deut. 28:44-45
Similar to “Tapeworm economics” is the Ouroborus. The serpent eating it’s own tail.
http://www.crystalinks.com/ouroboros.html
Scroll down a bit and there is a dragon eating it’s tail on the back of the Pope’s coin.
http://biblelight.net/dragon.htm
The alliance?
http://sovereignsentience.blogspot.com/2008/12/trinity-of-global-empire.html
In response to a colleague that sent me Robert Reich’s editorial on the plan, I responded:
Ah, yes! Americans need more debt. We do not need the law. We do not need honest government. We do not need income. We do not need suppressed energy and health care technology to become accessible. We do not need transparency.
We need to be able to borrow more money so that we can continue to fund the existence and lifestyles of the lawless, the dishonest, the rich and the suppressors of technology!
Dear Catherine, after reading the first paragraph of the “fact sheet,” it is clear that the new administration intends not to address the actual problems that lead us to where we are, but somehow to “move forward” (without regard for the past) and embrace them, enfold them, almost lovingly and adoringly, to the effect that we actually continue to move wealth upwards. In other words, they seem, Sisyphus like, to insist that MORE credit is the answer, that INCREASING growth and demand is the answer, that consuming more is the answer… ignoring the obvious and terrible fact that these are the very ideas and their attendant actions that have created the current crisis. Credit is the PROBLEM, not the solution. Wealth moving upwardly is the problem, not the solution. We were, before this, increasingly in debt to the banks, which is what caused the problem. Instead of actually diminishing that debt, our new Administration wants to continue the process of augmenting it. This is what they call “growth,” and it is what they refer to as a healthy economy: that is, a healthy economy is one in which credit is easy to get and not too costly. Debt by any other name smells as rotten and leads relentlessly to the continuing disintegration of value in life. Debt is the “Chinese water torture” of democracy destruction.
The Lord of Lords says: “the Lamb shall overcome them”. Lord Acton in his time, seemed to tiptoe around the authorities who give the banks their power of legal tender but not without prompting and tempting the common man to fight against them. Sure do love what your doing Catherine, exposing their tricks so that we can see them.
“If thou lend money to any of my people that is poor by thee, thou shalt not be to him an usurer, neither shalt thou lay upon him usury.” Exodus 22:25
“Take no usury of him, or increase…thou shalt not give him thy money upon usury.” Leviticus 25:36-37
“Unto thy brother thou shalt not lend upon usury: That the Lord they God bless thee.” Deuteronomy 23:20
“The rich rule over the poor, and the borrower is servant to the lender.” Proverbs 22.7
“The stranger that is within thee shall get up above thee very high, and thou shalt come down very low. He shall lend to thee, and thou shalt not lend to him; he shall be the head, and thou shalt be the tail.” Deut. 28:44-45
The Bible
“We hang the petty thieves and appoint the great ones to public office.”
Aesop (620–560 B.C.)
The price of apathy towards public affairs is to be ruled by evil men.”
Plato (427-347 B.C.)
Catherine – I hope you will soon follow up with a comment on what might be the long-term effects of this newly disclosed “fix-up without repairing” financial rescue (for whom?) plan.
As a new-comer to this site, I am looking forward to it!