“According to Dr. Stephen Saideman and his former McGill Master’s student David Steinberg – now pursuing his doctorate at Northwestern University – the more government intervention there is in the local economy, the more likely interethnic violence and rebellion becomes. Conversely, the more economically open a society is, the less likely such violence becomes.” (Read more from sciencedaily.com)

Another reason to nix the bailout (and the Fed).

“The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.” (Read more from bloomberg.com)

They are propping up share prices by printing money out of thin air. Soon the dollar will be worth nothing, and stocks will crash anyway. I’m glad that a couple weeks ago, I moved the remaining 1/3rd of my retirement account into gold.

“People will have to be rationed to four modest portions of meat and one litre of milk a week if the world is to avoid run-away climate change, a major new report warns.” (Read more from guardian.co.uk)

My global warming skepticism is rooted in suggestions like this one which implicitly call for massive government power – whether it be national government or global government. If the noise is part of a global-governance movement, we’re still in an early phase. The people still need to be made to believe. Continue the propaganda.

More from newsday.com

Click here to see roll call

I hope this thing stays defeated. The Masters of the Universe don’t like being told ‘No.’

Prices of houses/stocks will have to come down to reflect the true values of things. This will cause some pains, but it’ll result in a bad year, as opposed to the bad decade we’d have if Congress attempted to support a broken system with non-existent money.

SEE ALSO:

- Ron Paul comments on the failed Bail-out. A MUST WATCH. (Video Here)

- Great explanation of why congress made the right decision by Jeffrey A. Miron, senior lecturer in economics at Harvard University. (from edition.cnn.com)

- “I don’t see one penny of that $700 billion ending up helping the broader economy. I see it being used to prop up share prices so the insiders can salvage as much as possible when dumping their shares.” (Read more from counterpunch.org)

- Congressman Thaddeus McCotter’s Fantastic Anti-Bail-Out Speech: Video Here. “There are no necessary evils in government, the Treasury to you gentlemen is closed!” -President Andrew Jackson to fear-mongering Bankers

- Congressional leader will try again. (more from swamppolitics.com)

Surprise, surprise.

“US presidential hopefuls Barack Obama and John McCain have broadly welcomed an outline multi-billion dollar plan to help shore up the US financial system.” (Read more from news.bbc.co.uk)

“Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.” -Ron Paul

Presidential Candidates in favor of the bailout:
Barack Obama (Republicrat)
John McCain (Republicrat)

Presidential Candidates against the bailout:
Chuck Baldwin (Constitution Party)
Cynthia McKinney (Green Party)
Ralph Nader (Independent)
Bob Barr (Libertarian Party)

- “Jewish settlers ‘kill Palestinian’
A Palestinian shepherd has been shot dead by Israeli settlers in the occupied West Bank, according to Palestinian security and government officials. The young man, identified as Yehia Apa Riham, was among a group of shepherds grazing their flocks south of Nablus and near the Itamar settlement when they were attacked by the settlers, security officials said.” (Read more from aljazeera.net)

- “Olmert decries ‘evil wind of extremism’ in Israel
JERUSALEM – An ‘evil wind of extremism’ is threatening Israel’s democracy, outgoing Prime Minister Ehud Olmert warned Sunday, after a pipe bomb attack wounded a professor critical of Israel’s settler movement. Olmert’s forceful comments came amid growing concerns in Israel about violence by hard-line radicals, including extremist West Bank settlers. Israeli defense officials and human rights groups have noted a rise in settler violence against Palestinian soldiers and Israeli soldiers in recent months. On Sunday, police were investigating the shooting death of a 19-year-old Palestinian shepherd whose body was discovered in ravine in a remote area of the West Bank. The shepherd’s relatives blamed Jewish settlers, but police said they were still investigating. Also, dozens of Israeli civilians entered the Palestinian village of Kufr Diek in the West Bank late Saturday, smashing the windows of several cars and homes, said the mayor, Jamal al-Diek.” (Read more from news.yahoo.com)

“In Friday’s presidential debate on foreign policy (assuming the show still goes on), we can be sure that Barack Obama will hit John McCain hard for supporting what Obama has called a ‘dumb war’ in Iraq. But in doing so, Obama has at least one major handicap to overcome: his running mate.

In October 2002, Sen. Biden voted to authorize the Iraq war. ‘I made a mistake,’ he now says – he had ‘vastly underestimated’ how incompetent the Bush administration would be in prosecuting the war.

So has Biden changed his position on Iraq? Not really. In October 2002, when the congressional vote was held, Biden, like most members of Congress, was in favor of avoiding accountability and punting the question of war or peace to the president. And Biden remains firmly in favor of avoiding accountability for Iraq today. That tells us something about Joe Biden’s judgment and integrity. More importantly, it tells us a lot about the health of Congress as a political institution, and about the erosion of Congress’s power to declare war.” (Read more from the Cato Institute)

“‘We’ll resubmit it when Congress comes back, and we’ll have even more signatures,’ the resolution’s main author, New York Democrat Rep. Gary Ackerman, told the Washington Times, adding that the resolution currently has 270 co-sponsors, or some two-thirds of the House’s entire membership.

Still, the decision by the chairman of the House Foreign Affairs Committee, Rep. Howard Berman, to shelve HR 362 marked an unusual defeat for AIPAC, according to its critics who charged that the resolution was designed to lay the groundwork for the Bush administration or any successor administration to take military action against Iran.” (Read more from antiwar.com)

A fantastic collection of articles for anyone seeking insight into our banking crisis from the Ludwig Von Mises Institute.

“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 and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered” -Thomas Jefferson

See Also: Bailout protest in NYC

“Government’s housing bias created a permissive climate for lax lending. Both the Clinton and present Bush administrations bragged about boosting homeownership. Regulators who resisted the agenda risked being ’roundly criticized.’” (Read more from washingtonpost.com)

SEE ALSO:

-Video of President Bush boasting about home ownership
-How A Clinton-Era Rule Rewrite Made Subprime Crisis Inevitable

The Prophet, Ron Paul: “Politicians throughout history have tried to solve every problem conceivable to man, always failing to recognize that many of the problems we face result from previous so-called political solutions. Government cannot be the answer to every human ill. Continuing to view more government as the solution to problems will only make matters worse.”

As Forbes writes:

In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.

“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.” (More from George Washington’s blog)

Bush & Congress (while Bernanke’s and Paulson’s lips move): SHUT UP AND LET US SAVE YOU FROM DISASTER! FINANCIAL RUIN! MUSLIM TERRORISTS!

Ron Paul: Government creates problems, then attempts to solve them with more government.

Please contact your congressman. >Click here< for details & resources.

Here's my letter:

Dear Congressman/Senator,

I am writing this email from xxxxxxxxxxx where I'm serving as a xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx.

Please, NO BAILOUT.

I recommend instead the following four actions:

1.) End the Bailouts - The Federal Reserve's authority to use taxpayer money to bail out Wall Street must be revoked and the Fed must be held accountable.
2.) Stop Congress' Reckless Spending - We must freeze all non-entitlement spending by the federal government at current levels and eliminate wasteful spending both domestically and in our trillion-dollar overseas budget.
3.) Cut Taxes - If Wall Street can be given your tax dollars, shouldn't you get some back? It's time to cut taxes and return your money to you. Combined with spending reform, this will increase the purchasing power of our dollars and help lessen the economic storm.
4.) Reform the Monetary System - If we are to have long-term economic progress, we must end the system of printing money out of thin air. The current laws limiting the circulation of gold and silver-backed currency must be overturned.

I think “swallow” is a good choice of word, since taxpayers are now Wall Street’s bitches.

“‘America’s economy is facing unprecedented challenges and we are responding with unprecedented action,’ [President Bush] said. ‘There will be ample opportunities to debate the origins of this problem. Now is the time to solve it.’” In other words: PAY NO ATTENTION TO THE MAN BEHIND THE CURTAIN!!! (Read more from guardian.co.uk)

SEE ALSO:

Grasping at Straws
On Friday morning, Senator Christopher Dodd, the head of the Senate Banking Committee, was interviewed on ABC’s ‘Good Morning America.’ Dodd revealed that just hours earlier at an emergency meeting convened by Secretary of the Treasury Henry Paulson and Federal Reserve chairman Ben Bernanke, lawmakers were told that ‘We’re literally maybe days away from a complete meltdown of our financial system.’ Dodd added somberly, that in his three decades of serving in public office, he had ‘never heard language like this.’ . . . The problems cannot be resolved by shifting the debts of the banks onto the taxpayer. That’s an illusion. By adding another $1 or $2 trillion dollars to the National Debt, Paulson is just ensuring that interest rates will go up, real estate will crash, unemployment will soar, and foreign central banks will abandon the dollar. In truth, there is no fix for a deleveraging market anymore than there is a fix for gravity. The belief that massive debts and insolvency can be erased by increasing liquidity just shows a fundamental misunderstanding of economics. That’s why Henry Paulson is the worst possible person to be orchestrating the so called rescue project. Paulson comes from a business culture which rewards deception, personal acquisitiveness, and extreme risk-taking. (Read more from prisonplanet.com)

Treasury Seeks Asset-Buying Power Unchecked by Courts (Update2) By Alison Fitzgerald and John Brinsley
Sept. 21 (Bloomberg) — The Bush administration sought unchecked power from Congress to buy $700 billion in bad mortgage investments from financial companies in what would be an unprecedented government intrusion into the markets. Through his plan, Treasury Secretary Henry Paulson aims to avert a credit freeze that would bring the financial system and the world’s largest economy to a standstill. The bill would prevent courts from reviewing actions taken under its authority. “He’s asking for a huge amount of power,” said Nouriel Roubini, an economist at New York University. “He’s saying, `Trust me, I’m going to do it right if you give me absolute control.’ This is not a monarchy.” (Read more from bloomberg.com)

==> Video here <==