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G. Edward Griffin: Individualism & Capitalism vs. Collectivism & Monopolies

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MorphCity.com

G.Edward Griffen discusses property ownership and the legally protected fraud of the banks. Griffen says we have a choice of two things: Individualism v collectivism.  An excellant interview wherein Griffen says the banks are using the state to plunder the people. 

Pick your “ism”: Capitalism vs. CRAPitalism

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Marti Oakley

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From 1948….a 10 minute cartoon about signing your freedom away in exchange for an “ism”.  This could have been produced today especially in light of the passage of three more unconstitutional trade agreements rammed through congress against the best interests of the people. 

Free trade and Capitalism is not the same as privileged trade and CRAPitalism.

Be careful what you wish for……you may get it.

CRapitalism: The Liquidating of America/ Part 1

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Marti Oakley (c)copyright 2011 All Rights Reserved

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“we have a system of privileged corporations using the congresses, the presidents and all the alphabet soup agencies to enact and enforce oppressive legislation, regulations, rules, and other enforcement instruments to drive independent competitors from the markets,”

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I had to look up the definition of capitalism just to make sure my understanding of that concept was accurate.  It was.

Capitalism defined by Merriam’s Online

: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market

While I hear one politician or another extolling the virtues of free markets and while these same corporate hiney huggers along with successive presidents admonishes us that we must participate in the global economy, I find myself wondering just how bad the negative effects of the global economy have to become before someone cries “uncle”!  As in “Sam!”  

CRapitalism defined: More

Energy vs. Environment

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Live link: Horsesavers

by: Frank Mancuso

17% jobless rate! All bets are off. The environment loses. We’re all flying on this airship called Earth trying to survive in a system that must gobble up the resources of the planet to provide for the most people. But provide what?

India and China are American-ising. Rivers are damned, coal is burned, oil fought over. Everyone wants stuff. Stuff creates jobs, so what’s the problem? The more billions of us that are using stuff causes stuff to become harder to get. More

The final phase before the emergence of the North American Union

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The coming collapse of our nation is no accident.

 

What is about to befall us is no accident.  The planning that has gone into the destruction of not only our economy, but our sovereignty as a nation has been carefully staged to make it appear almost accidental and will presented as the only way out.

 

The Security & Prosperity Partnership that erodes our sovereignty is not an accident and neither is the intent to merge the US, Canada and Mexico into one big corporately controlled region which recognizes neither sovereignty nor national identity.

 

To facilitate this coup, successive congresses have ceded their authority not only to the executive, but also to government agencies created for the sole purpose of implementing various aspects of this coup intended to dismantle individual pieces of the plan.  Then over the last eight years, our economy was intentionally brought to the edge of ruin;  an edge that will never see us returned to our former state.

 

The bailout bills, stimulus bills are all focused on maintaining the same institutions and agencies that have created the crisis.  All the admonishments we have been subjected to regarding globalization, free markets, free trade, capitalism and how necessary these things were to a thriving economy have shown themselves to be nothing more than the tools for destroying one economy after another while a select few benefited enormously at everyone else’s expense.  Again, this was no accident.

 

If any one of the arguments for the unmitigated greed that has taken place were actually true……why didn’t we, in a free capitalist, free market, free trading, no interference in corporate business……let these businesses go down just like we are letting homeowners and workers?  Just like we are allowing small businesses and enterprises to?

 

While we bail out one corrupt sector after another not one of those concerned politicians offered up the idea of borrowing a trillion dollars to bail out main street.  That would be unconscionable…that would be socialism! Or worse…communism!  But we have no problem with fascism.  We castigate homeowners who overextended themselves, but reward predatory lenders, mismanaged investment companies, banks and insurance companies.  We reward international corporations with multi-billion dollar subsidies and tax credits and breaks while they post billions in corporate profits and then we take part in the social disparaging of those who are on welfare. 

 

We are throwing what will amount to trillions of dollars into the coffers of businesses and individuals who should have been hung publicly for the damage they have done to our nation, but who were instead rewarded for their greed.  And, to add insult to injury….they expect us to finance this debt.  But I have these questions:

 

Why are these companies who got these funds not held liable for repaying them?  If throwing this money into them will make them profitable again….why can’t they repay these loans from their profits rather than taxpayers? 

 

Not one of those individuals who created this supposed crisis has had to give up anything….not assets, homes, cars, yachts, jets….nothing. 

 

On the other hand……how many of you got to keep your home, cars, or anything else you had when you realized you had hit bottom?  Did anyone offer to bail you out?  To borrow money and hold your neighbors responsible for paying it back?

 

Our government as a whole has acted not to protect us, but instead aligned itself with those who they believe will substantially reward them for their efforts.

 

In order for the North American Union to replace the sovereign United States, we had to be destroyed….otherwise we would never accept the conversion.  We have to lose our jobs, our homes, and soon our access to food.  We have to be humbled, made submissive and threatened with our very existence.  We have to have everything we have known, everything we believed in; even our freedom taken from us to make us quietly accept the conversion from free sovereign nation to one of corporate controlled region.

 

We are on the verge of collapse and life as we have known it is about to change radically.  At some point, when enough of us are hungry, homeless and without hope the political corporate monster that we have allowed the government to morph into will show itself.  Those who speak for this monster will start out by saying, ….”We have to act quickly to protect the American people…..at this point I would suggest you make the decision whether to try to run or to stand up and fight for what is rightfully yours.

 

© 2009 Marti Oakley

 

 

 

Capitalism’s Self-inflicted Apocalypse

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http://informationclearinghouse.info/article21957.htm

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By Michael Parenti

February 10, 2009 “Information Clearinghouse” — After the overthrow of communist governments in Eastern Europe, capitalism was paraded as the indomitable system that brings prosperity and democracy, the system that would prevail unto the end of history.

The present economic crisis, however, has convinced even some prominent free-marketeers that something is gravely amiss. Truth be told, capitalism has yet to come to terms with several historical forces that cause it endless trouble: democracy, prosperity, and capitalism itself, the very entities that capitalist rulers claim to be fostering.

Plutocracy vs. Democracy

Let us consider democracy first. In the United States we hear that capitalism is wedded to democracy, hence the phrase, “capitalist democracies.” In fact, throughout our history there has been a largely antagonistic relationship between democracy and capital concentration. Some eighty years ago Supreme Court Justice Louis Brandeis commented, “We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can’t have both.” Moneyed interests have been opponents not proponents of democracy.

The Constitution itself was fashioned by affluent gentlemen who gathered in Philadelphia in 1787 to repeatedly warn of the baneful and dangerous leveling effects of democracy. The document they cobbled together was far from democratic, being shackled with checks, vetoes, and requirements for artificial super majorities, a system designed to blunt the impact of popular demands.

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Ron Paul on ending the Federal Reserve

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The Austrians Were Right


                                              by Congressman Ron Paul

Congressman Ron Paul speaking before the U.S. House of Representatives.

November 20, 2008

PLEASE FORWARD


Madame Speaker, many Americans are hoping the new administration will solve the economic problems we face. That’s not likely to happen, because the economic advisors to the new President have no more understanding of how to get us out of this mess than previous administrations and Congresses understood how the crisis was brought about in the first place.
economics. For the last 80 years, the legislative, judiciary and executive branches of our government have been totally influenced by Keynesian economics. If they had had any understanding of the Austrian economic explanation of the business cycle, they would have never permitted the dangerous bubbles that always lead to painful corrections.
At least 90% of the cause for the financial crisis can be laid at the doorstep of the Federal Reserve. It is the manipulation of credit, the money supply, and interest rates that caused the various bubbles to form. Congress added fuel to the fire by various programs and institutions like the Community Reinvestment Act, Fannie Mae and Freddie Mac, FDIC, and HUD mandates, which were all backed up by aggressive court rulings.
It is unimaginable that Congress could be so derelict in its duty. It does nothing but condone the arrogance of the Fed in its refusal to tell us where the $2 trillion has gone. All Members of Congress and all Americans should be outraged that conditions could deteriorate to this degree. It’s no wonder that a large and growing number of Americans are now demanding an end to the Fed.

The Federal Reserve created our problem, yet it manages to gain even more power in the socialization of the entire financial system. The whole bailout process this past year was characterized by no oversight, no limits, no concerns, no understanding, and no common sense.
All the programs since the Depression were meant to prevent recessions and depressions. Yet all that was done was to plant the seeds of the greatest financial bubble in all history. Because of this lack of understanding, the stage is now set for massive nationalization of the financial system and quite likely the means of production.

Although it is obvious that the Keynesians were all wrong and interventionism and central economic planning don’t work, whom are we listening to for advice on getting us out of this mess?
Unfortunately, it’s the Keynesians, the socialists, and big-government proponents.

Who’s being ignored? The Austrian free-market economists – the very ones who predicted not only the Great Depression, but the calamity we’re dealing with today. If the crisis was predictable and is explainable, why did no one listen? It’s because too many politicians believed that a free lunch was possible and a new economic paradigm had arrived. But we’ve heard that one before –like the philosopher’ s stone that could turn lead into gold. Prosperity without work is a dream of the ages.

Except for a rare few, Members of Congress are unaware of Austrian Free Market

Today, a major economic crisis is unfolding. New government programs are started daily, and future plans are being made for even more. All are based on the belief that we’re in this mess because free-market capitalism and sound money failed. The obsession is with more spending, bailouts of bad investments, more debt, and further dollar debasement. Many are saying we need an international answer to our problems with the establishment of a world central bank and a single fiat reserve currency. These suggestions are merely more of the same policies that created our mess and are doomed to fail.

The Fed has now doled out close to $2 trillion in subsidized loans to troubled banks and other financial institutions. The Federal Reserve and Treasury constantly brag about the need for “transparency” and “oversight,” but it’s all just talk – they want none of it. They want secrecy while the privileged are rescued at the expense of the middle class.

Similar mistakes were made in the 1930s and ushered in the age of the New Deal, the Fair Deal, the Great Society and the supply-siders who convinced conservatives that deficits didn’t really matter after all, since they were anxious to finance a very expensive deficit-financed American empire.

 


Over and above this are those who understand that political power is controlled by those who control the money supply. Liberals and conservatives, Republicans and Democrats came to believe, as they were taught in our universities, that deficits don’t matter and that Federal Reserve accommodation by monetizing debt is legitimate and never harmful. The truth is otherwise. Central economic planning is always harmful. Inflating the money supply and purposely devaluing the dollar is always painful and dangerous.payment. Raising taxes would reveal the true cost of big government, and the people would revolt. But the piper will be paid, and that’s what this crisis is all about.If it goes too far and the wild extravagance is not arrested, runaway inflation will result, and an entirely new currency will be required to restore growth and reasonable political stability.

The choice we face is ominous: We either accept world-wide authoritarian government holding together a flawed system, OR we restore the principles of the Constitution, limit government power, restore commodity money without a Federal Reserve system, reject world government, and promote the cause of peace by protecting liberty equally for all persons. Freedom is the answer.

The policies of big-government proponents are running out of steam. Their policies have failed and will continue to fail. Merely doing more of what caused the crisis can hardly provide a solution.

The good news is that Austrian economists are gaining more acceptance every day and have a greater chance of influencing our future than they’ve had for a long time.

The basic problem is that proponents of big government require a central bank in order to surreptitiously pay bills without direct taxation. Printing needed money delays the

There are limits. A country cannot forever depend on a central bank to keep the economy afloat and the currency functionable through constant acceleration of money supply growth. Eventually the laws of economics will overrule the politicians, the bureaucrats and the central bankers. The system will fail to respond unless the excess debt and mal-investment is liquidated.


Ron Paul


PLEASE WAKE THE HELL UP AMERICA!

 

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