The Federal Reserve, Great Depressions, and Socialism

As Michelle Malkin said, “And now is the time where I get to say, ‘See, I told you so.'”

In several comments in this March 17th HotAir post, I warned about the Federal Reserve.

On July 11th, I posted Just Say “No!” to Federal Reserve Takeover.

On July 28th, A Huge, Huge Mistake – Among the Biggest of W’s Presidency.

I believe that Federal Reserve wants to trigger another Great Depression, just like (as the 1976 Nobel Laureate in Economic Sciences, Milton Friedman, showed) they triggered the last Great Depression.

Former Federal Reserve chief Alan Greenspan said yesterday, “First of all, let’s recognize that this is a once-in-a-half-century, probably once-in-a-century type of event.”

Once-in-a-century?  The last Great Depression was in 1929, seventy-nine years ago.

That same article showed Greenspan trying to influence the election in favor of Obama:

On Saturday, Democrat Barack Obama’s campaign seized on a warning from Greenspan about John McCain’s tax plans to portray the Republican as economically reckless.

In an interview with Bloomberg Television Friday, Greenspan said the nation could not afford 3.3 trillion dollars of tax cuts proposed by McCain without matching cuts in spending.

Greenspan, a long-time friend of McCain and a Republican, said about the Arizona senator’s plans to extend massive tax cuts imposed by President George W. Bush: “I’m not in favor of financing tax cuts with borrowed money.”

Now consider that Greenspan is a founding member, along with Zbigniew Brzezinski, Paul Volcker, and a few other people, of the Trilateral Commission. Zbigniew Brzezinski was National Security Advisor to President Jimmy Carter and is an advisor to Barack Obama (a fact that used to be mentioned in Brzezinski’s wikipedia entry, but now it’s been purged and sent down the memory hole).

The bottom line is that Greenspan is not a reflection of McCain or Bush or Republicans in general; he is a reflection of the thinking of the Trilateral Commission. 

And again, I believe that they, through the Federal Reserve, want to trigger another Great Depression, just like (as Milton Freidman won the Nobel Prize for showing) they triggered the last Great Depression.  Why?  To try to help elect Barack Obama and bring about more socialism. 

The most socialist things in this country have come about as the result of very traumatic events.

The Great Depression –> FDR and his many socialist programs, including Socialist Insecurity.

The JFK Assassination –> LBJ and his many socialist programs.

Current Challenges –> They want Obama and his many socialist programs.

Look at how the press is talking about Lehman Brothers being “brought to its knees“…

You know who else talks like that?  Barack Hussein Obama.

But my journey is part of a larger journey – one shared by all who’ve ever sought to apply the values of their faith to our society. It’s a journey that takes us back to our nation’s founding, when none other than a UCC church inspired the Boston Tea Party and helped bring an Empire to its knees.

And here’s what was reported today:

CHICAGO (AP) – Democratic presidential nominee Barack Obama said Monday the upheaval on Wall Street was “the most serious financial crisis since the Great Depression” and blamed it on policies that he said Republican rival John McCain supports.

“This country can’t afford another four years of this failed philosophy,” Obama said after the shock-wave announcements that financial giant Lehman Brothers was filing for Chapter 11 bankruptcy while titan Merrill Lynch was being bought by Bank of America for about $50 billion.

Obama’s statement, issued as he prepared to fly to Colorado to begin a swing through contested Western states, was intended to serve two purposes: to link McCain with the unpopular presidency of George W. Bush and to express sympathy with the anxiety of most Americans who say the economy is issue No. 1 in the election.

“The challenges facing our financial system today are more evidence that too many folks in Washington and on Wall Street weren’t minding the store,” Obama said in a statement. “Eight years of policies that have shredded consumer protections, loosened oversight and regulation, and encouraged outsized bonuses to CEOs while ignoring middle-class Americans have brought us to the most serious financial crisis since the Great Depression.”

“I certainly don’t fault Sen. McCain for these problems,” Obama said, “but I do fault the economic philosophy he subscribes to.”

The economic philosophy McCain subscribes to is capitalism. Apparently, The economic philosophy Obama subscribes to is socialism/communism.

The economy is not “issue No. 1 in the election”, but Obama and his supporters would like it to be.

Issue No. 1 in the election is the Supreme Court.

——-

UPDATE… see:
“Irresponsible”
November 14, 2009

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4 Responses to The Federal Reserve, Great Depressions, and Socialism

  1. Pingback: Palin Email Hacked; Markets and Election Manipulated? « I Took The Red Pill (and escaped the Matrix)

  2. Capitalism succeeds because it doesn’t seek to change human nature.

    This video is one of my all-time favorites:

    Nobel Laureate Milton Friedman on Socialism vs. Capitalism

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