King Solomon Was No Wall Street Banker

April 19, 2008 at 12:18 pm | Posted in Political | Leave a comment
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“Practices of the unscrupulous money-changers stand indicted in the court of public opinion, rejected by the hearts and minds of men. … Faced by failure of credit they have proposed only the lending of more money. … They know only the rules of a generation of self-seekers. They have no vision, and when there is no vision, the people perish.”

Franklin Delano Roosevelt, March 4, 1933

The self-seekers in Washington believe that, by hyper-inflationary bailout, they shall succeed in keeping the money-changers in their high seats in the temple of our civilization. Of course, these are the same dopes (or is it dupes?) who call a neo-colonial occupation a “war.”

King Solomon was correct. There is nothing new under the sun…

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Financial Regulation To Serve Liberty?

April 17, 2008 at 2:07 pm | Posted in Financial | Leave a comment
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April 10 – Bloomberg (Patricia Kuo and Bei Hu): “Billionaire George Soros said the seizure in global credit markets caused by the subprime collapse will get worse before it gets better. Lack of oversight is partly responsible for problems in the financial markets, Soros told reporters… He said regulators and the U.S. administration ‘failed to perform their job’ in a crisis that began in the U.S. housing market… ‘This is a man-made crisis and it’s made by this false belief that markets correct their own excesses,’ Soros, 77, said. ‘It will take much longer for the full effect of the decline in the housing market to be felt.’”

U.S. Press, Publishing MagnateContrast this to Wall Street investment bankers who, instead, talk up their books. Thus, the question becomes:

Why is the so-called free press dissing the arrangement they have otherwise so dutifully helped promote?

What perception is purposely being cultivated here, and to what end?

Is this all damage control meant to strengthen the myth the United States conducts its affairs in harmony with the principles for which it was formed … that a few bad apples have spoiled the pie?

Or is the next big lie — following the one about the magic of the marketplace — about to be sprung?

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