Title: Financial Coup Completed: American Economy Now A Tightly Controlled, Severely Regulated Economy: Fascist, Not Capitalist Anymore
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THE CUTTING EDGE
Copyright © 2008 Cutting Edge Ministries. All rights reserved. See full copyright notice below.
The American Economy is now Fascist -- thanks to the President's signature on the "Emergency Economic Stabilization Act of 2008", a bill which was commonly referred to as the "bailout bill".
The planned economy of the coming Illuminati Masonic Christ is Fascist! Therefore, this new system sets the stage for the End of the Age prophecies found in Revelation 13:16-18, the Mark of the Beast passage.
For those of you who do not know the difference between a Capitalist and a Fascist and a Communist Economy, please allow us a few moments to detail the critical differences.
* Capitalism is that type of economy in which private individuals own the Means of Production, i.e., the factories and the mines. The companies founded by these private individuals then compete openly with one another in the Marketplace. No one tells the owners what to produce, or how much to produce, or how much to charge. Competition is the primary determinant of prices, and careful attention to the needs and wants of the people within this type of economy determines how much is produced. Capitalism may have its faults, but it has produced the highest standard of living in history for her citizens.
* Communism is that type of economy in which the State owns the Means of Production. Companies are told what to produce, when to produce it, and how much they can charge. This type of control is supposedly enacted in the interests of the "people", to ensure that they are treated "fairly". However, history has shown that Communism never works; rather, it delivers the most wretched conditions on earth for its citizens.
* Fascism is the economic system of Nazi Germany, National Socialist Italy, and Imperial Japan. Today, only Japan retains this system. In Fascism, private individuals retain control over the Means of Production, thereby ensuring that the key element which makes Capitalism work so well is kept in place. However, the Government intervenes to control how much is produced of any item, how many competitors can be making the same item, and how much they can charge. Therefore, the potential for the most profit lies within the Fascist economy! The experiment with Nazi Germany and Imperial Japan proved that Fascism does work. We have seen that the proper coordination between Government and Capitalism does work.
Two features which the government will control in a Fascist economy is the authority to "hire and fire" executives of privately-owned companies and to control their compensation packages.
The economy planned for the New World Order is Fascist; therefore, the private Captains of Western Industry are the most anxious for this new system to begin, so they can begin to reap the rewards of dramatically increased profits. That time has now arrived as this new law establishes a Fascist Economy, as the Federal Government now has enormous financial power and will own controlling equities in the companies they are "rescuing".
Let us now examine the specifics of this awful plan which hands control of the entire American economy into the hands of the Treasury Secretary -- in the guise of "bailing out" the entire economy.
NEWS BRIEF: "President Bush Signs The "Emergency Economic Stabilization Act of 2008" , Wikipedia, the free encyclopedia
"The Emergency Economic Stabilization Act of 2008, commonly referred to as a bailout of the U.S. financial system, is legislation authorizing the United States Secretary of the Treasury to spend up to US$700 billion to purchase distressed assets, especially mortgage-backed securities, from the nation's banks. The Act was proposed by U.S. President George W. Bush and Treasury Secretary Henry Paulson during the liquidity crisis of September 2008."
Listen to the rationale behind this incredibly expensive bailout bill!
1) "Stabilize the economy: "We must...avoid a continuing series of financial institution failures and frozen credit markets that threaten American families' financial well-being, the viability of businesses both small and large, and the very health of our economy."
2) "Improve liquidity: "These bad loans have created a chain reaction and last week our credit markets froze – even some Main Street non-financial companies had trouble financing their normal business operations."
3) "Comprehensive strategy: "We must now take further, decisive action to fundamentally and comprehensively address the root cause of this turmoil.
4) "Immediate and significant: "This troubled asset relief program has to be properly designed for immediate implementation and be sufficiently large to have maximum impact and restore market confidence."
5) Broad impact: "This troubled asset purchase program on its own is the single most effective thing we can do to help homeowners, the American people and stimulate our economy."
Based upon the immediate negative reaction from the stock markets here and abroad, professional investors must believe that this bailout plan will not achieve the above goals. We agree. But, we urge you to remember that these goals listed above were never the REAL goal of the plan. The hidden agenda of this legislation is to begin the transition from a Capitalist Economy based upon competition and private ownership to a Fascist Economy based upon government control of private ownership.
Based upon this criteria, America's economy has now transitioned into a Fascist economy.
Treasury Secretary Paulson wasted no time tackling the process of controlling key financial assets of the American economy.
NEWS BRIEF: "Treasury to Hire 10 Asset Management Firms to Jumpstart Rescue ", Bloomberg Financial News, October 4, 2008
"Treasury Secretary Henry Paulson is hiring as many as 10 asset-management companies to join the lawyers and bankers he is recruiting to kickstart the government's new $700 billion bank-rescue program. The Treasury began implementing the plan within an hour of Congress yesterday giving Paulson the powers he sought to combat the U.S. financial crisis. Paulson is seeking to assemble a team to determine which toxic securities to target, how to value them and how to buy them."
Paulson kicked his plan into gear so quickly you have to wonder if he had everything planned out years in advance. Indeed, one chief accountant alluded to this detailed previous planning.
"'This is something that, for a typical company, would take no less than five years', said Lynn Turner, a former chief accountant at the Securities and Exchange Commission. 'Anyone who thinks they can do this in two weeks is insane'.''
Even billionaire Buffett is getting in on the act!
"Warren Buffett, the billionaire who spent $8 billion in the past two weeks to buy stakes in General Electric Co. and Goldman Sachs Group Inc., has also offered his views ... 'Any time I can be of help to the government, in terms of giving advice -- I've given a little advice, actually', Buffett said in an interview from San Diego with PBS's Charlie Rose on Oct. 1."
What powers does this act give the Federal Government?
"The Emergency Economic Stabilization Act of 2008 gives Paulson, 62, immediate authority to buy as much as $250 billion in troubled assets from banks and other financial institutions. The White House may expand the program by another $100 billion, and the Treasury can access the remaining $350 billion with Congressional consultation ... The plan allows Treasury officials to ``intervene very quickly if they want to,'' said Vincent Reinhart, a resident scholar at the American Enterprise Institute in Washington and former director of the Federal Reserve Board's Division of Monetary Affairs. He predicts the Treasury will 'act in markets first', possibly by working through the Fed."
Make no mistake about this fact: the Federal Government is now the 800-pound gorilla in the financial bedroom, and he will not be ignored! And, the economy will never be the same. Now that the Government owns an equity state in these companies it is "rescuing", the economy will be as finitely controlled as the Japanese government guides the Fascist economy of that nation.
As we stated earlier, the Fascist Economy does work almost as well as Capitalism in creating and spreading wealth. All you have to do is to look at the performance of the Japanese economy since World War II to understand this. Once the furor settles down from the deliberate murder of the Capitalist system, the new Fascist Economy will perk along quite nicely!
Crisis Planned To Spread Worldwide
NEWS BRIEF: "European Leaders Vow To Continue Bailouts ", Bloomberg Financial News, October 5, 2008
NEWS BRIEF: "U.S. urges global action on credit crisis", Reuters News, October 6, 2008
NEWS BRIEF: "Global Agenda: 'Days of Awe' for world economy", The Jerusalem Post, October 6, 2008
NEWS BRIEF: "Germany guarantees savings to avert panic", Financial Times, October 6, 2008
NEWS BRIEF: "German gov't, banks agree to $69B bailout for Hypo Real Estate AG ", Excite News, October 6, 2008
NEWS BRIEF: "Danish government guarantees bank deposits ", Irish Times, October 6, 2008
NEWS BRIEF: "Iceland's economy on brink as lender falters", Sydney Morning Herald, October 6, 2008
As you can see from these headlines, the planned financial crisis which has been engulfing the American market was now planned to go overseas. The bottom line agenda in developed nations overseas is as it was here: to bury the Capitalist system based upon competition so that the planned Fascist system based upon government regulation can be erected in its place.
The global economy which will serve Antichrist is the Fascist system, so it is exciting to see it coming into reality. Remember, there will be no economic collapse before the start of the World War III designed to produce Antichrist on the world stage. But, global managers will drive the world's economy right to the brink of disaster before veering away.
Only this type of seemingly imminent disaster will allow the Illuminati to erect the planned economic system which will serve Antichrist.
Isn't it exciting to see the stage being set for Book of Revelation prophecy?
Are you spiritually ready? Is your family? Are you adequately protecting your loved ones? This is the reason for this ministry, to enable you to first understand the peril facing you, and then help you develop strategies to warn and protect your loved ones. Once you have been thoroughly trained, you can also use your knowledge as a means to open the door of discussion with an unsaved person. I have been able to use it many times, and have seen people come to Jesus Christ as a result. These perilous times are also a time when we can reach many souls for Jesus Christ, making an eternal difference.
If you have accepted Jesus Christ as your personal Savior, but have been very lukewarm in your spiritual walk with Him, you need to immediately ask Him for forgiveness and for renewal. He will instantly forgive you, and fill your heart with the joy of the Holy Spirit. Then, you need to begin a daily walk of prayer and personal Bible Study.
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