"...an utterly corrupt new religion called environmentalism..."
If the history of this planet's climate over millions of years is any guide, we are about to enter a new ice age.
CAIR spokesman Ibrahim Hooper indicated in a 1993 interview with the Minneapolis Star Tribune that he wants to see the United States become a Muslim country.
Socialism Comes to America
By Cliff Kincaid (10/17/08)
In his classic 1932 book, Toward Soviet America, Communist Party boss William Z. Foster wrote about how “The United Soviet States of America” would come about. As a result of various capitalist crises, the national government would assume more and more control over the economy. “In finance,” he wrote, “it will mean the nationalization of the banking system and its concentration around a central State bank…”
It would be an exaggeration to say that we are getting close to anything resembling the Soviet system. But it is also a big mistake to call massive federal intervention in the economy a “rescue” or even a “bailout.”
Over at Political Affairs Magazine, a publication of the Communist Party USA, writer John Case was gloating. His article about the crisis was headlined, “A Dose of Socialism to Forestall Disaster.” He thought that Treasury Secretary Henry Paulson and Federal Reserve Board chairman Ben Bernanke had been reading the works of closet Marxists.
While many of the talking heads and pundits on TV were providing calming words of reassurance about federal intervention in the financial system, analyst Peter Schiff of Euro Pacific Capital had been accurately warning for years about a financial meltdown and says that the worst is yet to come. Asked for comment on media coverage of the financial meltdown, he told Accuracy in Media, “Absent when they have me on, it’s pretty bad.”
Many commentators, Schiff said, were telling people that if the bailout doesn’t go forward, there would be an economic crisis. However, “if we do it, there will be a bigger crisis,” he predicts. “The politicians want to make believe we can avoid paying the piper if we pass these bailouts,” he said. “It’s just not true. It’s going to collapse the currency. It’s going to make a worse economic crisis because the money they’re printing is not going to buy anything.”
While he continues to make a number of media appearances, he says that the CNBC cable network won’t have him on the air. “I predicted all this stuff, and they laughed at me,” he said. “So maybe they’re embarrassed.”
Schiff, who labels the government takeover of the financial sector as socialism and refers to the Federal Reserve Board chairman as “Comrade Bernanke,” told AIM, “The government doesn’t have the authority to do any of this stuff. This whole bailout bill is illegal. They don’t have the authority to buy up mortgages. Nothing in the Constitution says they can do this.” “Who needs Bolsheviks when you have the Fed?” he had written.
The author of “Crash Proof: How to Profit from the Coming Economic Collapse,” Schiff said that “The government doesn’t solve problems. It makes them bigger. So if we’re broke, which is the reality—that’s why these mortgages are not worth much because Americans can’t afford to pay the money back that they borrowed—the bottom line is we’ve borrowed and spent ourselves into bankruptcy following the government’s advice. They’re the ones that encouraged all this reckless borrowing and spending.” Full Piece
(Printer friendly version) Email: Cliff Kincaid
Cliff Kincaid is President of America’s Survival and contributing editor of the AIM Report. A longtime investigative reporter and media critic, he currently specializes in coverage of the U.N. and other global institutions. Kincaid helps write and broadcast Accuracy In Media’s "Media Monitor" radio commentaries.
Send Feedback To Cliff Kincaid
Site: http://www.aim.org
UPSSA
United Progressive Socialist States of America
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