Send this to your liberal friends . . .

resist272727 — Fri, 16 Jul 2010 06:40:04 GMT

http://seekingalpha.com/article/44412-did-genius-fail-again-at-goldman-sachs-global-alpha-fund

^^Read this, but first read what I have to say.

Time and time again people fail to understand this. These massive risks taken by Too Big To Fail corporations don't rationally make sense. That should be pretty obvious to most of us who understand the whole self-interest aspect of the free market. Why would they take such huge risks if they could ultimately be doomed . . . and should they be allowed to do so if it will be so devistating to our economy as a whole? Shouldn't there be some massive regulations to keep the monster in the cage? This thinking makes sense in the current situation . . . but there is obviously a much bigger problem that is at the root of all of this nonsense. A very irrational third party. That's right . . . the one and only . . . who we all know and love . . . the big ever-giving Federal Reserve always there to save the day.

But we all know that's not the case. And this article, written in August '07 in the midst of disaster as Goldman Sachs was about to bite the dust , explains that very shortly but also very bluntly at the near-end. These big-risk operations ending in disaster would not be if it were not for the Federal Reserve. What people love to call "unbridled capitalism" in the post-disaster years is a result of a corporatist Ponzi Scheme created by Progressives and "fat-cat bankers" alike. The article is very good, explaining how the huge-risk investments made in the derivatives market were failing and how we were on the doom of collapse. As I was reading it, I was obviously intrigued, but waiting for the author, Michael Shedlock, to get to the heart of the whole situation . . . and he did. He ended his article talking about how central banks were the enablers of risks and the engineers of bubbles and that this cannot last.

This is something I hope we can share with modern liberals and Democrat supporters, the belief that the Federal Reserve must go . . . and the force yielding Wall Street omnipotent power will go with it. So is regulation the be-all end-all of financial collapses? I don't think so. No . . . we can't have the capitalism I know and love until this blood-thirsty animal known as the Federal Reserve is dead once and for all. I'm sure many liberals could potentially fell the same way. But nevertheless, 114 House Democrats jumped ship on their support for Ron Paul's "Audit the Fed" bill merely two weeks ago. Hopefully more people will realize that this is NOT OK. Overall, the bill failed with a 198-229 vote. 175 Republicans, 23 Democrats.

Now I know a lot of people still don't understand the terror and magnitude of the Fed. Inform them. If you want something done soon . . . hold your breath and vote Republican. Hopefully they won't betray us. But if there's one politician I am almost certain I can count on, it's Ron Paul. If he can lead his party to salvation, the libertarian cause is just one step closer to reality. But it'll take a Hell of a lot of informing to get the Democrats on our side, and it must be done through their followers. People like to call Alan Grayson the Democrat's version of Ron Paul, but he's a dichotomy when it comes to liberty. We must make the liberals aware of what's really going on with the Fed and with the corrupt Democrats. I'm sure most conservatives aren't nearly aware of the extent of it, but it's unlikely to be an issue with them. Taking down the Fed is the first necessary step to winning back our government and our liberty.

I Yield the Floor.

Political Theory

Send this to your liberal friends . . .