Statement from Member of House
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A candid statement from a member of Congress regarding the pressure placed upon legislators prior to the Friday vote on the Bailout Bill:
“The only way they can pass this bill is by creating and sustaining a panic atmosphere. That atmosphere is not justified. Many of us were told in private conversations that if we voted against this bill on Monday, the sky would fall, the market would drop 2000 to 3000 points the first day, another couple thousand points the second day, and a few members were even told there would be Martial Law in America if we voted no. That’s what I call fear mongering… The only way to pass a bad bill – keep the panic pressure on”.
Rep. Brad Sherman
Democrat, California
Copied from http://www.gold-eagle.com/editorials_08/orlandini100508.html ,
a good read: "I want to leave you with a look into what the future has in store for you. You need to understand just who you are dealing with. The Bush Administration is corrupt and works by instilling fear; the more afraid you are, the more willing you are to give up your rights under the US Constitution. "What most of you don’t realize is that is precisely what the Bush Administration wants, i.e. to suspend the rule of law (US Constitution) and govern by Presidential decree. Imagine this: American troops in American streets pointing guns at American citizens! Bush and Co. feel only then will they be able to cover their tracks and avoid prosecution. No need for elections with Martial Law, and no need to face justice. Better yet, you can persecute anyone who speaks up and in the name of the law. That’s the end game and they are willing to sacrifice America and Americans to do it. It starts with little things like changing the rules (eliminating short selling and confiscating gold) and then blossoms, taking on a life of its own. Before you know it 240 years of sacrifice are up the stack. One thing Bush failed to consider though is that the problem has now spread worldwide, and he can’t legislate or declare martial law on the world. He’ll learn that the hard way. The rest of the world will not sit still for it either. If a banker in Miaflores, Peru (from where Orlandini writes), a town that 99.99% of humanity can’t find on a map knows the US is at fault, imagine what powerful people in China and Europe think and feel? Imagine what these powerful people will do to protect their own interests? Before we hit bottom, it will become very complicated and very dangerous." ********************
You may recall a few of the commentaries I forwarded this year spoke of the US inciting another war to lift itself out of the precent economic contraction. Here's an interesting chart that illustrate the 50-year Kondratieff Cycle:
The Kondratieff Cycle  |