Obama, Wall Street, and the Federal Reserve, A Fascist RegimeSubmitted by Mark Hanson on Fri, 02/22/2013 - 12:49
Obama's partnership with the Fed and Wall Street cronies equates to a fascist regime. A fascist regime creates monopolies and cartels that eliminate competitive markets and have the ability to buy judges, politicians and elections. This usurpation of our right to representation is a betrayal of all the men and women who've fought and died for American ideals.
The generally accepted definition of fascism is a dictatorial centralized regime that imposes severe economic and social repression. The Federal gov't, Federal Reserve and Wall Street created a subprime bubble. This precipitated the financial crisis and the creation of Too Big To Fail (TBTF) banks, which according to the CBO will cost taxpayers 8.6 Trillion to prop up. The links are short videos of Sen. Brown citing the CBO report, Rep. Sherman saying Dodd-Frank's Resolution Authority equates to taxation without representation, and Harvard economist Jeffrey Miron saying Dodd-Frank "institutionalizes TARP for bank holding companies".
The subprime bubble led to the creation of TBTF banks, which led to Dodd-Frank. Dodd-Frank allows Trillions of tax dollars to be spent for future bailouts, without Congressional approval. So market manipulation by gov't and corporations has eliminated one of our core Constitutional rights, i.e., no taxation without representation. America's founders endured similar oppression under King George III and his private sector cronies, so they rebelled against tyranny and instituted a government to "secure" their unalienable rights, which are given to us by the Creator. For solutions to hold the fascist regime accountable and restore our rights, check out this post titled "Fraud and the Federal Debt".
Wild animals function in a social hierarchy based on the strong dominating the weak. They don't possess a transcendent morality like humans, which translates into moral judgments that protect the weak from being assaulted, robbed or killed by the strong. The same Darwinian principles that govern wild animals (strong dominate the weak), are practiced by Machiavellian tyrants who feign morality while imposing the full weight of moral judgement on their citizens. These Darwinian principles are used to justify the lawless, immoral activities of large corporations, their officers, and boards of directors. The combination of Machiavellian leaders and immoral corporatism has resulted in a fascist regime. The legal and moral double standard they practice is the root of increasing global corruption.
George Soros and others argue that markets are amoral, i.e., markets are not subject to judgments whether moral or immoral. But markets are created and run by humans, and all nations have laws against fraud, theft, murder, etc., and these laws are based on moral judgments. Furthermore, the human activities that animate markets are subject to these laws, so the argument that markets are amoral is just a clever attempt to place financial elites above the law.
When drafting our founding documents, the founders drew upon John Locke's Treatises on Government and Montesquieu's "The Spirit of Laws", among others. Within the moral framework of a Constitutional Republic, a competitive capitalist economy provides the greatest amount of economic freedom while providing for the free exercise of unalienable rights. And a capitalist economy requires rules, for example, if you commit fraud and bankrupt your business, you must be allowed to fail and go to jail. Rules when enforced, eliminate the problem of TBTF banks. Also, monopolies are anti-competitive and don't allow for price discovery based on supply and demand. So in a capitalist economy, rules are necessary to ensure the efficient allocation of resources, price discovery based on supply and demand, and an economy where success is based on merit, not privilege.
So the question is, which political and economic models provide the most freedom for the most people? I believe Ron Paul's libertarian concept of limited gov't is the political model that best secures unalienable rights, and within that moral framework, a competitive capitalist economy provides the most economic freedom. These are self evident truths proven by thousands of years of empirical observation. For common sense solutions to limit the power of fascist banking cartels and the government that supports them, check out this DP post.
Thomas Paine said the following: If there were to be a king, it would have to be the rule of law, and if a day of celebration were to be set aside, then homage should be paid to the law, a crown set upon it to remind those gathered that the law is king.
Check out these posts titled "Morals, Ethics and the Role of Gov't in a Capitalist Economy" and "Occupy Wall Street". The OWS post demonstrates the leftist connection to fascist corporations.