Here is the 5th pillar of Communism, according to Karl Marx:
5. Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.
So with that in mind, this week, specifically on Wednesday, President Barack Hussein Obama is set to unveil the newest proposal for government regulation of the financial markets in America. You'd have to have your head completely buried in the sand for this new move to not totally disturb the shit out of you. I ask you to consider this - at this point in time, you basically can purchase a car from the U.S. government via General Motors...now imagine, when you go to finance that automobile from the U.S. government, you now may be financing that auto through the U.S. government! This is simply madness. Here's some of the details from the report at CNNMoney:
Now, I don't see it in this report but on a news broadcast this morning, this sweeping regulatory proposal was announced as being necessary so the U.S. doesn't face this financial crisis again. Like they have said...."don't let a good crisis go to waste."
Oh and for those of you who don't have your own laminated copy of the 10 Pillars of Communism handy to keep track of where Obama is leading us, here is another to keep your eyes on:
7. Extension of factories and instruments of production owned by the state; the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
Hmmm....those General Motors factories aren't owned by the government....are they?
5. Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.
So with that in mind, this week, specifically on Wednesday, President Barack Hussein Obama is set to unveil the newest proposal for government regulation of the financial markets in America. You'd have to have your head completely buried in the sand for this new move to not totally disturb the shit out of you. I ask you to consider this - at this point in time, you basically can purchase a car from the U.S. government via General Motors...now imagine, when you go to finance that automobile from the U.S. government, you now may be financing that auto through the U.S. government! This is simply madness. Here's some of the details from the report at CNNMoney:
President Barack Obama is set to release on Wednesday the details of his proposed overhaul to how financial markets are regulated, according to a report published in The Wall Street Journal Monday.
The plan would grant the Federal Reserve increased power in the oversight and management of the largest financial companies in the market, according to the paper. It could also affect everything from credit default swaps to how mortgages are underwritten, according to the paper.
The proposal is also proposing another regulatory body, similar to the Federal Deposit Insurance Corp., to oversee consumer-oriented financial products, according to sources.
Now, I don't see it in this report but on a news broadcast this morning, this sweeping regulatory proposal was announced as being necessary so the U.S. doesn't face this financial crisis again. Like they have said...."don't let a good crisis go to waste."
Oh and for those of you who don't have your own laminated copy of the 10 Pillars of Communism handy to keep track of where Obama is leading us, here is another to keep your eyes on:
7. Extension of factories and instruments of production owned by the state; the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
Hmmm....those General Motors factories aren't owned by the government....are they?
Obama to present sweeping market overhaul
NEW YORK (CNNMoney.com) -- President Barack Obama is set to release on Wednesday the details of his proposed overhaul to how financial markets are regulated, according to a report published in The Wall Street Journal Monday.
The plan would grant the Federal Reserve increased power in the oversight and management of the largest financial companies in the market, according to the paper. It could also affect everything from credit default swaps to how mortgages are underwritten, according to the paper.
The proposal is also proposing another regulatory body, similar to the Federal Deposit Insurance Corp., to oversee consumer-oriented financial products, according to sources.
Once the President unveils the proposal, it would still have to pass Congress before any of the changes would be adopted. Treasury Secretary Timothy Geithner will face the Senate and House panels on Thursday, according to the paper.
The plan will meet with opposition from parties against giving the government a more heavy hand in the financial marketplace.
2 comments:
Right on Holgar! Does this sound familiar as well?
Marxism's Economic Planning Failure
Marx and Engels state that mankind's: "Freedom is expressed in the total control exercised by the associated producers in planning the economy and, with it, all social life."
No longer would unintended consequences bring disaster and despair - there would be utopia and no more such unintended natural consequences.
This same simplistic rationalization and group control and planning is highly evident in the march towards socialism exhibited by the Obama Regime.
What Marx and Engles failed to explain was how a nation of separate individuals could be expected to act with one mind and one will.
The failure to understand the importance of the individual to society was matched by the depth of their ignorance of economics and the free market system.
This same ignorance is exhibited daily by the Obama Regime.
Keep Diggin, Tusker
(ZinOwl)
If anyone was too stupid or lazy for proper due diligence before the election on comrade obama - they sure are seeing it come to fruition now. Unfortunately, there is much more to come.
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