Caution. Patriots will weep. Proceed at your own risk.
Just today Fox News’ web site had an article about the chaos in Greece with a headline “Could the U.S. be Next?” Also today my sister-in-law was astounded to find out that the Rev. Franklin Graham was not allowed at the pentagon prayer service. She doesn’t have cable and heard the news about Rev. Graham on the Focus on the Family radio broadcast. As I consider these 2 separate events I realize the disconnect in America is huge. Some mainstream media have been tugging at the heart strings for the Times Square bomber because he never realized the American dream. Nashville is under 10 feet of water as are numerous counties and nothing is on the news. BP and the oil spill are all over the news but the Administration’s slow response time goes almost without mention and a man stabs a bus driver to death while the bus is en route.
Considering this first paragraph I would say we are well on the way to the violence in Greece. Today I watched video of Mexican students in California snatching flag from a handicapped man in a wheelchair. I think it was a Mexican flag but a from a guy in a wheelchair. I read that the kids who were sent home from school for wearing patriotic colors received and apology from the principal. Too bad they were advised to stay home from school for fear of violence from the Latino kids. Oh yes. Two of the kids are half Mexican.
So let me summarize. The dollar is falling the Twin Towers of NYC and the stock market graph looks like a heartbeat on life support. A Christian preacher is not welcome to pray at the Pentagon because some Muslims don’t like his message and the MSM was hoping that the Time Square bombing incident was a Tea Party member. Add that the people of Tennessee are suffering big time and none of them have flood insurance because they aren’t in a flood plain. No news here folk. Move on. While I haven’t heard why the guy stabbed the city bus driver I can’t wait to see the coverage of that because you sure as heck aren’t going to see any coverage of Mexican kids molesting a handicapped guy.
Perhaps by next week the Patriotic kids can return to their school. Too bad that what they will be taught will be some half truths and history redacted for convenience sake.
In answer to Fox News’ question I think it needs no answer. I think it was purely rhetorical as they see it coming plain as day. Yep. The conservatives will get the blame but the liberals have already started fighting, just no one is covering it. By the way, though no one is talking much about it the government just took over the Internet. They will say it isn’t so. Blog while you can because freedom of speech is about to become an historic concept.
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Matt
I believe that future generations should have the same opportunities that myself, and those that came before me, had. My parents taught me that I could do anything I wanted to do. I don’t want to have to tell my daughter, “You can do whatever the government tells you to do.” We are at a crossroads in this country; are we going to be free, or are we going to be slaves to the nanny state. I choose freedom.
It does seem that things are pretty grim no matter where you look. But I’m pretty sure that no matter where you look in time 10,000 B.C., 32 B.C., 1350, 1453, 1775, or 2010 it must have seemed like the end of humanity. I try to live my life every day in a way that would make Jesus proud and usually that is enough solace for me.
Enjoyed reading your posts…..
C-CS
Thank you. Truly.
Those poor kids, just another victim of the white male.
I think you are right, we have a tough road ahead.
…and I am sure that I will see you on that road Trestin.
Apologies if this seems long for a comment, but it is essential legislation for a way out of the financial crisis. I hope you will contact your representatives and pin them down on this.
This development is so urgent for the United States and civilization in general, that people must have a clear idea of what the authors of this amendment intend. So here’s the full press release issued by Senator Cantwell’s office on May 6, 2010. The amendment itself is identifiable as SA 3884:
WASHINGTON, DC, May 6—Today, U.S. Senators Maria Cantwell (D-WA) and John McCain (R-AZ) introduced a bipartisan amendment to separate commercial and investment banking. The proposed change in the banking and financial reform legislation being debated in the Senate is also cosponsored by Senators Ted Kaufman (D-DE), Tom Harkin (D-IA), and Russell Feingold (D-WI). The amendment restores safeguards modeled after the 1933 Glass-Steagall Act that protect bank deposits from being used in Wall Street’s risky speculation. The amendment is based on the Cantwell-McCain Banking Integrity Act introduced in December 2009.
“Behemoth banks are putting their money into risky, get-rich-quick Wall Street schemes instead of investing in Main Street,” Senator Maria Cantwell said. “So much U.S. taxpayer-backed money is going into speculation in dark markets that it has diverted lending capital from our community banks and small businesses that depend on loans to expand and create jobs. This is stifling America and it is why there is bipartisan support for restoring the important safeguards that protected Americans for decades after the Great Depression. It’s time to go back to separating commercial banking from Wall Street investment banking.”
“I want to ensure that we never stick the American taxpayer with another $700 billion — or even larger — tab to bail out the financial industry,” said Senator John McCain. “If big Wall Street institutions want to take part in risky transactions — fine. But we should not allow them to do so with federally insured deposits. It is time to put a stop to the taxpayer financed excesses of Wall Street. No single financial institution should be so big that its failure would bring ruin to our economy and destroy millions of American jobs. This country would be better served if we limit the activities of these financial institutions.”
“It’s no coincidence that our financial sector got completely out of line once the Glass-Steagall prohibitions were overturned in 1999. By consolidating commercial banking, investment banking and insurance into single financial companies, institutions grew so large and became so interconnected that they were too big to fail,” said Senator Tom Harkin. “It is clear to me that going back to the Glass-Steagall era regulations will help end the problem of too big to fail and will restore order to our financial sector.”
The amendment filed today would prohibit commercial banks from affiliating in any manner with investment banks and vice versa; prevent officers, directors, and employees of a commercial bank from serving as an officer, director, or employee of an investment bank and vice versa; prohibit commercial banks from engaging in all insurance activities; and establish one year from date of enactment as the deadline for financial houses to transition and separate their commercial and investment banking operations.
Beginning in 1933, Glass-Steagall established a wall between commercial and investment banking to protect depositor money from being put at risk by Wall Street speculation. For nearly 60 years, this firewall maintained the integrity of the banking system; prevented self-dealing and other financial abuses; and limited stock market speculation. But since its repeal, banks have blended banking and brokerage, using loopholes in the Act and other statutes to market financial products like stocks, mutual funds and underwriting stocks to their consumers at the same time. When these megabanks default under the current system, taxpayers pay for the losses twice over.
The biggest banks keep getting bigger in the bailouts and the acquisitions. While there are 7,000 commercial banks in the United States, just five of them hold over 50 percent of our nation’s bank-owned assets. Those same five entities hold over 95 percent of banks’ risk in the derivatives markets.
Under the amendment, major financial firms currently operating both commercial banks and investment houses will have to make a decision on whether to focus on commercial banking or investment banking. In most of these institutions, the investment banks and the commercial banks will both be very valuable independently and profitable for their stockholders. By separating the commercial banks from the investment banks, the amendment ends speculation with depositor money and returns investments to Main Street.
I already have a back up plan in the event that freedom of speech is eliminated. Instructions will go out in that event. It can be done.
I would remind everyone that the Iranian rebellion last year used the internet to bypass the filters of one of the most oppressive regimes on Earth. If they could do it, we can too.