"I believe that banking institutions are more dangerous to our
liberties than standing armies. If the American people ever allow
private banks to control the issue of their currency, first by
inflation, then by deflation, the banks and corporations that will grow
up around the banks will deprive the people of all property until their
children wake-up homeless on the continent their fathers conquered."
-Thomas Jefferson, 1802.
Look at all the boom and busts of the modern era. First it was through inflation by cheap, easy credit. Then came deflation, leading to bust. The
latest and greatest example is the current economic downturn as a result of cheap, easy credit that gave rise to the subprime mortgage crisis.
In the years leading up to the crisis, significant amounts of foreign money flowed into the U.S. from fast-growing economies in Asia and
oil-producing countries. This inflow of funds combined with low U.S. interest rates from 2002-2004 contributed to easy credit conditions, which fueled
both housing and credit bubbles.
Some people would piece-meal this as a result of ACORN and Clinton. Others would blame Bush. I blame them all. This easy, cheap credit for mortgages
occurred everywhere--England, China, Dubai, etc. I don't think it's any coincidence that this phenomena occurred globally. IMHO, they're all part
of the same fabric of tyranny that Jefferson spoke about.
So what's next? IMHO, we're seeing it: government-run health care. Every industrialized nation has it--Australia, UK, France, Japan, China...except
the USA. What we're seeing is the "easy credit", inflationary part, so as to entice all countries, including the USA, to participate in this
program. Once everyone has joined, the deflationary portion will occur just like was done with the subprime mortgage crisis. It will especially be
disastrous when the baby boomers fall into this trap because their population is so overwhelmingly large compared to the following generations.
Think about it. Look at all the people who were kicked out of their homes. Look at how many are now living in tent cities. Now what's going to happen
if this same situation were to happen with hospitals? Patients would start getting kicked out, shuffled around like meat, and treated like financial
"batteries". Don't think it will happen. It's already happening. There's plenty of horror stories about insurance dropping patients, denying
benefits, etc. And what are you going to do about it? Just like everything else that's been done--not a damn thing.
The government lied about WMD in Iraq, it lied about torture, it lied about warrantless wiretapping, it lied about Afghanistan. It's more than
obvious and clear that the government has no responsibility to fulfill its contractual obligations to the people. So what makes you think the
government won't hold people hostage by a financially run health care system? What will happen when the deflationary period comes?
Finally, I leave everyone with this quote:
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse
from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with
the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.
[edit on 3-9-2009 by American_Soviets]