Repent — The End Is Near-(A Must Read)
By Monty Pelerin
It is a lazy afternoon. Or at least it was until I came across a blog by Mish. There was little in the post that I didn’t know or suspect, but this quote triggered a reaction:
It hides the economic substance of what’s really happening-an unlimited taxpayer bailout.
William Black, a former no-nonsense regulator, described in that statement everything that has happened and continues to happen. It represents the federal government’s approach to “saving” the economy — subterfuge and no limits. Mish went on to add:
To address the situation, the FDIC is going to start selling U.S.-guaranteed FDIC senior certificates. However, it has no Congressional authority to do so according to former thrift regulator William Black.
These quotes summarized the double-speak, unconstitutional acts, bullying, outright lies, and trampling of the Rule of Law that now describes our government.
As I reflect on the country and where it is headed, it not easy to be optimistic. I have children and grandchildren who will not have the opportunities or amenities that I had. That is not my or their fault. No one has meaningful input as to what is happening. Everything is imposed, whether it is popular or not. We have become mere pawns in the Ponzi scheme of government. The Great Parasite has drained most of the life from its host (the country, its citizens, and its private sector).
The administration and other politicos, along with the media, do their best to promote a rosy picture. Images are all they have — the TV actor who plays president, tax-forgetter Treasury Secretary Timmy Geithner, a supporting cast inexperienced in anything practical, a shadow government made up of czars, a press secretary disdainfully called “Baghdad Bob,” and innumerable other disgraces. Republicans are not excluded from blame. The problems existed before Obama.