Quote from Landis82:
That is why Bernanke is not yet ready to pull the liquidity "punch-bowl" away . . .
Should be interesting to see how "watered-down" this Bill gets.
Agreed. I'd like to see this bill die in Senate, but I doubt it.
Have you given any thought to the grant-component of the legislation? Some 85% of all carbon "credits" will be gifted by the Federal Government, to *select* Corporations. Every else has to pay dearly, on the domestic or international exchanges for co2 allowances to operate....
If thats not picking winners and losers, I don't know what is.
The Federal Reserve Bill is even worse. The bill proposes the Fed (a private Corporation owned by large Banks and American/European Dynastic Families), will hold authority that supersedes Congress to regulate every industry AND company in the United States. The largest Private Banks writing the rules for not just themselves,
but their competition, and everyone else!??!
This is Mussolini Fascism = Corporations
BECOME Government.
This is it, man. The Bankers will engineer a housing-type crisis every 2 or 3 years until competition has been wiped out and they hold all the cards.
I can't believe the magnitude of the legislation, and there's nary a peep of curiosity, no less outrage, from so-called "elite" traders.
Congress has proposed legislation to empower the same Private Bankers that brought us the housing crash - Citi, JP Morgan, Goldman, BoA - the authority to effectively shut-down their competitors, and enforce whatever political, economic and social agenda they want on the United States via regulatory power NOT EVEN CONGRESS CAN CHALLENGE?!?!?
WTF is going on?!?!??
This is extremely, extremely, extremely dangerous.
We have the Constitution,
for a reason.
We have a separation of powers,
for a reason.
We have an accountable, broad, diffuse group of lawmakers,
for a reason.
Andrew Jackson, Thomas Jefferson and George Washington fought these bastards,
for a reason.
The Fed Bill throws everything out - checks and balances, divisions of Government, temperance and caution - and hands it all over to Private Bankers who have a long and distinguished track record of creating bubbles (for their profit) they later crash that Take The COUNTRY DOWN WITH IT.....
If that Bill goes through, America will no longer be a Constitutional Republic. It will become a Plutocratic Dictatorship with no more than the hollow veneer of a Third-World Banana Republic - where elections, representatives and the Will of the People MEAN NOTHING.
We're right on the edge.
