The End Of Capitalism As We Know It By: Steve Johnson 10/14/2008 - 16 Comments Share Tweet The banks have stopped lending money and without lending money, the economy cannot function. Therefore, the government sees no other option then to take over the banks. The Bush administration has decided to use $250 billion of the $700 billion bailout package to partially nationalization nine key banks, buying up a portion of their shares so that the government can force them to lend money to consumers.  The notion of government ownership in the financial sector, even as a minority stakeholder, goes against the foundation of American. The US government has already become the largest mortgage and insurance provide, in the unprecedented events that led to the takeover of Freddie and Fannie and the bailout of AIG. This is the same US government that has been preaching to the world for the last three decades about how they should lift the heavy hand of government from the finance industry. The Real Cause Is Government Economic Planning The worst part of this is that the free market capitalism is getting blamed for the crisis, while the real cause was decades of government intervention through the Federal Reserve and the political failure to regulate the government sponsored entities Freddie and Fannie. These organizations are at the nucleus of the market crash. It was the government’s economic planning that failed by creating a system of easy money, which allowed Wall Street to create a pool of toxic investments that has infected the global financial system.  Bush says Wall Street got drunk with greed and easy money, but when you find everyone drunk at a teenage party, whose fault is it – that teenagers or the guy that brought the booze?  Everyone from the Bush administration to the presidential candidates are blaming the wrong guy – capitalism, when the real problem was government intervention all along. Capitalism is taking the heat, while leading world governments even further away from capitalism then they are today. It is a sad shame that the market crash is turning the hearts of world leaders away from capitalism, because the alternative is a global financial system – which is the enslavement of humanity. The few free nations of the world are turning their back on the only free market system left in the world – in exchange for slavery.  The new ‘financial world order’ with enslave us all – with the government as the primary owner of everything.  Follow up article: The Financial Crisis Will Quicken the Expansion of the Global Financial System Related Articles Why We Should Put Our Hope Back In Capitalism, Not Socialism or Government Intervention You May Soon Need a Money Saving Expert Sound Money Management Practices May No Longer Be Practical Prepare For a Major Economic Downturn How to Protect Your Money If Banks Being To Fail   Subscribe via RSS Copyright © 2022 PennyJobs.com. All rights reserved.

America Alone In this, his first major book, Mark Steyn--probably the most widely read, and wittiest, columnist in the English-speaking world--takes on the great poison of the twenty-first century: the anti-Americanism that fuels both Old Europe and radical Islam. America, Steyn argues, will have to stand alone. The world will be divided between America and the rest; and for our sake America had better win. How Capitalism Saved America This book is an excellent presentation on the problems of government 'regulations' into free market mechanisms. This book illustrates simply and clearly how many chaotic economic problems were caused by interference from government regulations and how capitalism has overcome them. Master this book and you have overcome most of the bad economic thinking of our time. Government is the cause of capitalism failure. Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse In discussions of today's economic meltdown and what to do about it, the Federal Reserve is a stealth helicopter: it never shows up on the radar. With the exception of a few esoteric specialists and those Ron Paul Revolutionaries who burst into chants of "Abolish the Fed!" Historian Thomas Woods notes in this important book, the Federal Reserve bears a large part of the blame for the mess we're in. In the first part of "Meltdown," Woods shows how both in theory and in practice, Fed policy fueled an artificial boom and is now leading us to a much larger meltdown. Crash Proof Peter Schiff has predicted the economic hardship more accurately then any other economist in the world in this book. Everything from the housing crash to the credit crunch to the stock market. Peter has a plan to help you servive the crash. Peter explains why the Wall Street investment firms are still trying to sell you stocks, and was the house prices are likely to continue to decline for years to come.