United Liberty
Do You Trust Turbo Tim?
Wed, 03/04/2009 - 7:34am | posted by William 'BJ' Lawson
Whom do you trust?
It’s an open question that I’ve been pondering for the past several weeks. The markets have been asking this question, as well — despite billions of additional borrowed money to bail out Citibank and protect AIG’s trading partners, we keep sliding to new lows as debt deflation continues.
Our Treasury Secretary, Turbo Tax Tim Geithner, sat in front of the Ways and Means Committee Tuesday to assure our representatives that his actions, and Obama’s budget proposal, are absolutely necessary to restore our economy. His favorite quote when confronted by pointed questions or painful anecdotes from our current crisis was, “That’s exactly why we need to…” [bail out AIG/increase the TARP/create the TALF/embrace a budget that forecasts a $1.75 trillion deficit].
Oh, really?
Keep in mind that just last week Geithner gave a massive gift, at our expense, to Citibank. He exchanged the Treasury’s preferred stock for common stock valued at $3.25 per share.
Yesterday, that Citibank common stock closed at $1.22. We, as taxpayers, have given Citibank far more than its market capitalization, yet watch a minority stake dwindle towards worthlessness.
Why should we believe any words that come out of Geithner’s mouth? Does anyone believe he has the interest of American citizens in mind?
Here’s my take — it’s up to all of us to move quickly through the stages of grief. Many still labor in stubborn denial. Anger doesn’t help. Rationalization — particularly prevalent among Obama supporters desperately looking for “change” — also interferes with preparing for what’s next.
It’s time to accept that we are approaching an economic dislocation that has been decades in the making. It is the mathematically-inevitable consequence of an system that tends towards instability — it’s not a bug, it’s a feature. It’s the system working as designed.
Once we can accept that our politicians and bureaucrats intent on consolidating power, and corporate interests committed to the status quo, will neither admit nor address the root causes of this crisis, we can prepare ourselves and our communities for what comes next.
What comes next requires a government that rejects oligarchy, embraces individual liberty and responsibility, and empowers us to rebuild our communities by restoring trust.
I’ve mentioned Chris Martenson’s Crash Course before, and I want to publicize the fantastic educational (and refreshingly apolitical) forum Chris has grown over the past several years to discuss our current challenges and rationally prepare for the future. I’m also excited to report that a good friend from Virginia Beach is helping Chris host a Crash Course seminar in Lowesville, Virginia on April 24th.
It will be an excellent opportunity for people ready to embrace and create change to think, plan, and connect. I hope you’ll consider attending — especially if you prefer being part of the solution instead of waiting for Turbo Tim to figure out that he’s actually making things worse.
“We can’t expect the American people to jump from Capitalism to Communism, but we can assist their elected leaders in giving them small doses of Socialism until they wake up one day to find that they have Communism.” -Nikita Kruschev
For years our elected officials have followed the Communist Kruschev’s chilling advice by using sleight of hand to pass small doses of socialism on to the unsuspecting and oftentimes gullible American people, including well meaning politicians who didn’t know any better. Socialism or what is commonly referred to today as corporatism, is a flawed system designed to control the people through the garnishment of their freedoms and wages by way of perpetual taxation and massive debt, wealth redistribution, removing borders and national sovereignty, federal encroachment of state rights, wars, and imposing nationalization mandates and regulations upon institutions, especially within financial institutions such as banks.
This would include the Federal Reserve counterfeit banking system operated by private owners who are deliberately sinking our economy and country. A fact not known by most Americans is the Federal Reserve is privately owned by mostly Europeans and the owners refuse to disclose their identities for fear of reprisals. Why would they have to fear reprisals if they were honest owners who had America’s best interest at heart? The fact is, they are not honest, nor do they have America’s best interest at heart.
They are the unseen dark powers that believe they have the right to be lord over all people, and all countries. Skin color or nationality won’t save anyone from the grip of the dark powers that be. What will stop them is people waking up and realizing their losing their country, homes, jobs, lives, and families because of the wickedness of those who would form an invisible oligarchy.
“Just because you do not take an interest in politics doesn’t mean politics won’t take an interest in you!” Pericles (430 B.C.)
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