Pathway in the Sea
Ever see a butterfly flutter by? John 3:7-8
Thy way is in the sea, and thy path in the great waters, and thy footsteps are not known.
"The best way to show that a stick is crooked is not to argue about it or to spend time denouncing it, but to lay a straight stick along side it."
-D. L. Moody
Saturday, November 01, 2008
I want to examine the 401(k) retirement plan in light of the breakdown (both meanings are applicable) of the U.S.financial system held forth here. The intent is to illustrate the reality that the Federal Government is wicked, subverted, operates in bad faith, and must rightly be dragged into the Public Square, have its crimes against Heaven, the American People, the U.S. Constitution, and humanity in general, read before all the world, and have its malicious little minions duly executed for treason.
Thanks to our wonderful income tax system and the convoluted tax code that regulates it, the "financial services" racketeers that transformed the U.S. Federal Government into their private corporate security, enforcement and collection agency were able to herd the American People into pouring their retirement funds into tax-deferred plans called "401(k) 's". Think about it. Financial services "investment" management interests, through manipulation of Federal Government income tax policy, incentivized unsuspecting, law-abiding, taxpaying American Citizens to entrust their retirement savings to the inherently predatory investment banking system by creating these products. A Federal Reserve reduction of interest rates accelerated mortgage lending and housing market transactions to fever pitch in the early part of this decade. Simultaneously, Federal Government-sponsored enterprises "Fannie Mae" and "Freddie Mac" were generating "certain failure" sub-prime mortgages that were packaged as "securities" and injected into the financial system from the other end. These sub-prime lending activities led directly to the financial crisis currently unfolding in the global financial system. Thanks to the liquidity seizure caused by these "toxic assets", the private financial sector extorted the $700b-plus bailout from Congress, holding the rest of the economy hostage. The upshot of the deal is that Americans have seen years of good faith investments evaporate into the debt vacuum created by the sub-prime lending orgy, and have had a trillion dollars or so added to the national tab for the privilege.
None of this would be possible without (a) the 1913 Federal Reserve Act - era Constitutional amendment for power to tax income, (b) incestuous collusion between private financial services corporations and the Federal Government in creating these tax-deferred retirement products, (c) the existence of the centralized Federal Reserve Banking system and its attendant centralized power over finance and the national economy through Federal regulatory authority, and (d) the almost automatic participation of underqualified borrowers and unscrupulous lender/brokers in an anti-regulated, loss-immune, hyper-aggressive mortgage banking environment. Oops?!?! (A McCain Campaign spokesman said that McCain's plan for Treasury to buy down mortgages would exclude "unqualified" homeowners, or homeowners that pay their bills and live within their means. That's not a moral hazard. That's a moral atrocity. In all of this, if you play by the rules, you get hosed, but if you lie, cheat and steal, you skate. The reason being that the Federal Government is run by the predators and is not free to protect and defend the people. The financial system's plan is basically, "Thanks for playing, better luck next time". "Operation Broken Arrow" is "GAME OVER!" for the New World Order in the United States of America and prosecution to the full extent of the law for the perpetrators.)
Bret Baier of Fox News reported two interesting factoids in the 450-page Senate version of the "bailout bill": tax relief for manufacturers of children's toy wooden arrows and for research into wool products. (Note the reference to "shearing the american sheep" in the blog post, and that much was made about the toy arrows in the Fox reportage.) Coincidence? Or utter contempt for the American People and our Constitutional delusions? Probably coincidence as far as the authors of the Senate Bill are concerned. Senator Chris Dodd declared that the passage of the Senate bailout bill was an example of the government functioning the way the Founders intended. But then take a second look at President Bush's remarks expressing solidarity with the "global community":
Bush, allies seek to calm jittery investors
By JENNIFER LOVEN and MARTIN CRUTSINGER, Associated Press Writers Sat Oct 11, 9:13 PM ET
In his Rose Garden appearance, Bush made a plea for nations work together to address the crisis, avoiding the go-it-alone protectionist trade strategies that worsened conditions during the Great Depression.
"In an interconnected world, no nation will gain by driving down the fortunes of another. We are in this together. We will come through it together," Bush said, flanked by representatives from G-7 nations, the IMF, World Bank and European Union. "There have been moments of crisis in the past when powerful nations turned their energies against each other or sought to wall themselves off from the world. This time is different."
I know of no such nations publicly expressing interest in going their own way at this time.
Is that a veiled threat against the Constitutional aspirations of the American People, Mr. President?
Acts 4:29-31 (NIV) 29 Now, Lord, consider their threats and enable your servants to speak your word with great boldness. 30 Stretch out your hand to heal and perform miraculous signs and wonders through the name of your holy servant Jesus." 31 After they prayed, the place where they were meeting was shaken. And they were all filled with the Holy Spirit and spoke the word of God boldly.
1 Samuel 17
33And Saul said to David, Thou art not able to go against this Philistine to fight with him: for thou art but a youth, and he a man of war from his youth.
34And David said unto Saul, Thy servant kept his father's sheep, and there came a lion, and a bear, and took a lamb out of the flock:
35And I went out after him, and smote him, and delivered it out of his mouth: and when he arose against me, I caught him by his beard, and smote him, and slew him.
36Thy servant slew both the lion and the bear: and this uncircumcised Philistine shall be as one of them, seeing he hath defied the armies of the living God.
37David said moreover, The LORD that delivered me out of the paw of the lion, and out of the paw of the bear, he will deliver me out of the hand of this Philistine.
President George W. Bush
Second Inaugural Address
We have confidence because freedom is the permanent hope of mankind, the hunger in dark places, the longing of the soul. When our Founders declared a new order of the ages; when soldiers died in wave upon wave for a union based on liberty; when citizens marched in peaceful outrage under the banner "Freedom Now" - they were acting on an ancient hope that is meant to be fulfilled.
Perhaps these were the same New World Order Founders that Senator Dodd meant, since the Founders that drafted the U. S. Constitution would not recognize this form of government as Constitutionally functional.