Sugar Daddy Government: Another Bailout Picks America's Pockets
Las Vegas, NV - Constitution Party presidential candidate Chuck Baldwin who is scheduled to address this weekend’s upcoming Conservative Leadership Conference in Las Vegas, NV, will comment on the latest government bailouts and the accelerating meltdown of the U.S. financial system.
Baldwin will speak to the annual gathering of conservative and libertarian political leaders Saturday, September 20th at 3 PM local time and is expected to say, “Our entire financial system is based on an illusion, with a foundation built on quicksand. We spend more than we earn, we consume more than we produce, we borrow more than we save – and we cling to the fantasy that this can go on forever. The glue that holds this crumbling scheme together is a fiat currency called the Federal Reserve Note, created out of thin air by an international banking cartel called the Federal Reserve. Since a ‘note’ is a debt, this leaves us with an obvious problem
"That deer in the headlights look on the faces of Obama/Biden/McCain/Palin when discussing this crisis should tell Americans everything they need to know about these candidates. Not one of them is letting on they know what’s really happening, much less how to fix it!
"In the last three years, the Federal Reserve has created over $4 trillion in new money out of absolutely nothing. As these huge new piles of phony money flood the banking system, the phony money already in circulation becomes worth even less, which leads to higher prices. We accept the vague term ‘inflation’ to describe this giant rip off, as if some immutable force of nature is the cause of our shrinking paychecks. But, make no mistake –This meltdown will ultimately spell disaster for every American.
"The roller coaster ride began in earnest with the $60 billion Bear Stearns bailout, followed quickly by the $300 billion bailout of government’s big mortgage/banker buddies last month. September started with the massive Freddie/Fannie bailout that will end up costing taxpayers somewhere between $500 billion to $1 trillion. On Monday, the fed brokered the Bank of America buyout of Merrill Lynch. Then just the other night, the fed announced the $85 billion bailout of AIG insurance, an enormous global entity with over $1.1 trillion in assets.
"So far, the only solution being talked about is more of the same failed monetary policies that got us into this mess in the first place – more fake money, more debt, more usury. It is time to demand a return to sound money. None of the other “Big Box” candidates is even talking about the most obvious place to begin the road to recovery, which is a return to the constitutional principal of sound money."
Baldwin, a conservative commentator, Internet columnist, talk show host and pastor appeared at a news conference in Washington, D.C. recently with former GOP presidential candidate, Congressman Ron Paul (R-Tex.). Paul urged Americans to bypass both major party candidates and instead vote for a candidate such as Chuck Baldwin.
Appearing on CNN’s popular Lou Dobbs Tonight program while in Washington, Baldwin was told by Dobbs, Americans had “a good reason” to vote for him.( See Lou Dobbs TV transcript and a YouTube clip of the show)
Baldwin will address the 4 day CLC , held at the Tuscany Suites (225- E. Flamingo Rd) in Las Vegas, NV.
More than 50 speakers will address the participants on such topics as grassroots lobbying, government accountability and media bias. (See the agenda here) Baldwin will join speakers such as Libertarian presidential candidate Bob Barr and Grover Norquist of Americans for Tax Reform.
Baldwin will speak to the annual gathering of conservative and libertarian political leaders Saturday, September 20th at 3 PM local time and is expected to say, “Our entire financial system is based on an illusion, with a foundation built on quicksand. We spend more than we earn, we consume more than we produce, we borrow more than we save – and we cling to the fantasy that this can go on forever. The glue that holds this crumbling scheme together is a fiat currency called the Federal Reserve Note, created out of thin air by an international banking cartel called the Federal Reserve. Since a ‘note’ is a debt, this leaves us with an obvious problem
"That deer in the headlights look on the faces of Obama/Biden/McCain/Palin when discussing this crisis should tell Americans everything they need to know about these candidates. Not one of them is letting on they know what’s really happening, much less how to fix it!
"In the last three years, the Federal Reserve has created over $4 trillion in new money out of absolutely nothing. As these huge new piles of phony money flood the banking system, the phony money already in circulation becomes worth even less, which leads to higher prices. We accept the vague term ‘inflation’ to describe this giant rip off, as if some immutable force of nature is the cause of our shrinking paychecks. But, make no mistake –This meltdown will ultimately spell disaster for every American.
"The roller coaster ride began in earnest with the $60 billion Bear Stearns bailout, followed quickly by the $300 billion bailout of government’s big mortgage/banker buddies last month. September started with the massive Freddie/Fannie bailout that will end up costing taxpayers somewhere between $500 billion to $1 trillion. On Monday, the fed brokered the Bank of America buyout of Merrill Lynch. Then just the other night, the fed announced the $85 billion bailout of AIG insurance, an enormous global entity with over $1.1 trillion in assets.
"So far, the only solution being talked about is more of the same failed monetary policies that got us into this mess in the first place – more fake money, more debt, more usury. It is time to demand a return to sound money. None of the other “Big Box” candidates is even talking about the most obvious place to begin the road to recovery, which is a return to the constitutional principal of sound money."
Baldwin, a conservative commentator, Internet columnist, talk show host and pastor appeared at a news conference in Washington, D.C. recently with former GOP presidential candidate, Congressman Ron Paul (R-Tex.). Paul urged Americans to bypass both major party candidates and instead vote for a candidate such as Chuck Baldwin.
Appearing on CNN’s popular Lou Dobbs Tonight program while in Washington, Baldwin was told by Dobbs, Americans had “a good reason” to vote for him.( See Lou Dobbs TV transcript and a YouTube clip of the show)
Baldwin will address the 4 day CLC , held at the Tuscany Suites (225- E. Flamingo Rd) in Las Vegas, NV.
More than 50 speakers will address the participants on such topics as grassroots lobbying, government accountability and media bias. (See the agenda here) Baldwin will join speakers such as Libertarian presidential candidate Bob Barr and Grover Norquist of Americans for Tax Reform.
posted by Chuck Demastus at 6:36 AM
2 Comments:
it's hard to object to the government's mass bailouts as similar debt-producing methods were put into action to bring the U.S. out of the Depression... our economy has been supported and driven by debt ever since
You hit it right on the nose. Our leaders (?) should have let the situation cure itself.
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