Thursday, November 13, 2008

We missed the revolution

This was from Gary north today, from the member side. I think he is very correct....

Having Terrorized Congress into Submission, Paulson Changes the Rules. No Opposition. Congress Was Conned.

Gary North, November 13, 2008
A MarketWatch story announced:
....Paulson is making this up as he goes along. He did not know what he was doing last September. He still doesn't.

He and Bernanke terrorized Congress with dire warnings if Congress did not pony up $700 billion of taxpayers' money. Taxpayers knew it was a con job. Congress voted for it anyway. It's just like taking candy from babies. It never fails....

....I know. You have too much to read. But consider this. If you had read this at age 20, and you had believed it, would you be in re-learning mode today? Would the events since September 7, when Paulson nationalized the housing market, have come as a surprise? This is a fundamental text. Here is how it begins.

There are those who still think they are holding the pass against a revolution that may be coming up the road. But they are gazing in the wrong direction. The revolution is behind them. It went by in the Night of Depression, singing songs to freedom.

There are those who have never ceased to say very earnestly, "Something is going to happen to the American form of government if we don't watch out." These were the innocent disarmers. Their trust was in words. They had forgotten their Aristotle. More than 2,000 years ago he wrote of what can happen within the form, when "one thing takes the place of another, so that the ancient laws will remain, while the power will be in the hands of those who have brought about revolution in the state."

Keep this phrase in mind: revolution within the form.

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