Title: Wanted: 100,000 Financial Cops To Regulate New Fascist Economy!
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THE CUTTING EDGE
Copyright © 2009 Cutting Edge Ministries. All rights reserved. See full copyright notice below.
All developed nations are passing through this period of economic transition where the old tried-and-true system known as Capitalism is killed and buried so that the new system of the New World Order -- Fascism -- can be firmly and permanently set in place. At this point, we need to reiterate the definitions of the three types of economic systems in the world. (Quoting from our Headline News article, NEWS2317, entitled "Financial Coup Completed: American Economy Now A Tightly Controlled, Severely Regulated Economy - Capitalism is DEAD in America - Fascist Economy is now a reality )
* 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.
Obviously, if you are going to operate an economy founded upon government regulation, then you need regulators! Further, given the size and complexity of the economies of the developed world - especially America and the E.U. -- then you will need a lot of regulators looking over the shoulder of many thousands of key businesses throughout the economy.
Therefore, we were not surprised to read this clarion call for 100,000 new financial "cops"!
NEWS BRIEF: "Wanted: 100,000 Financial Cops", by Cliff Mason, CNBC Millennial Money, 25 February 2009
"In 1992 part of Bill Clinton's platform was putting 100,000 more cops on the streets. Today we really need 100,000 or more financial cops. There's been some chatter about what a waste of resources this SEC probe of Jim Chanos is. Ditto for the Mark Cuban thing. Wrong! Trying to do regulatory triage is what allowed Madoff to allegedly make-off with his clients' money."
"So what do we do?"
"... put it another way, the problem isn't that the SEC is wasting its resources, it's that it doesn't have enough resources. We have net household assets in this country of roughly $50 trillion, give or take a bunch of trillions—more take than give probably—a number that's skyrocketed in the last 50 years. The size and complexity of the financial sector has grown even faster. But the SEC is still basically operating on the scale of the 1950s."
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 these new laws establish a Fascist Economy, giving the Federal Government now has enormous financial power and will own controlling equities in the companies they are "rescuing".
In fact, fine print exists in every one of these financial "bailout" deals which give the Federal Government enough of a stake in the private company they are "rescuing" that will give the government regulatory control -- severe control. When the Federal Government can order executive's pay to be limited to $500,000, you should be alerted to the fact that our system is no longer Capitalism, because privately owned companies have always been able to tell government officials to take a hike. Therefore, just the fact that the government can order executives around is proof positive that we have entered into a new arrangement, and that arrangement is called Fascism.
Similarly, when the Federal Government can appoint a "Car Czar" or an oversight committee for the auto industry, you should realize that we have entered into a "post-Capitalism" system.
Let us now examine two current stories which prove just how much the government owns of the companies it is "bailing out".
NEWS BRIEF: "AIG’s $62 billion loss sets U.S. record", The State, March 3, 2009
"Taxpayers will take a nearly 78 percent ownership stake in insurer American International Group, the Treasury Department announced early Monday, in a bailout revamp that could provide an additional $30 billion to AIG as the troubled giant posted a mind-numbing quarterly loss of $62 billion loss — the largest in American corporate history."
Ownership of 78% of any company is positively huge! But, it is not unprecedented in a Fascist Economy.
NEWS BRIEF: "U.S. Treasury reaches a deal to raise stake in Citigroup", International Herald Tribune, February 27, 2009
"In its most daring bid yet to stabilize Citigroup, one of the largest and most troubled financial institutions in the United States, the Treasury Department announced on Friday that it would vastly increase its ownership of the struggling company. After two multibillion-dollar lifelines failed to shore up Citigroup, the government will increase its stake to 36 percent from 8 percent without putting more cash into it."
When the government sinks its teeth this deeply into companies, it never relinquishes the control. Today, Bank of America and other companies are sounding troubled that they relinquished control of their company when they accepted the bailout funds, and are vowing to pay the monies back. What they do not realize is that this new Fascist system is here to stay and the government will never give back the powers it has now gained.
Now, let us return to our current news story, in which the editorialist calls for the government to hire 100,000 new regulators to operate the new Fascist system which is wholly based upon tight regulations. Cliff Mason is speaking of the reality that most government organizations do not have the human or financial resources to handle their newly-created regulatory powers.
"... the FDIC is even worse off, especially considering it's hugely expanded role in the current crisis, a role that will probably (hopefully) get even bigger. In 1992 the FDIC had 15,000 employees working for it. At the end of 2007 it had merely 4,600 employees .. Given the scale, complexity and importance of our economic system, we desperately need to start creating a culture of financial surveillance and accountability. We need an agency that covers the whole money community, stocks, insurance, banks, mortgages. The works ... Maybe it's a new invention. However we do it, the key thing will be to hire a ton of people (more like a megaton). This isn't rocket science. You just need enough eyeballs to look at stuff, a reasonable level of education, intellect and diligence in your people, and an institutional attitude that if the regulatee can't explain something well enough for a non expert regulator to get it, that's the regulatee's fault."
Genuine Conservatives will feel their collective hair raising on the back of their head when they read this paragraph, above. Conservatives, after all, have always held to a core belief that government should maintain the smallest of footprints on the economy possible. Government regulation should be minimal and limited to a "worst case scenario", i.e., a monopoly case, for example.
But, the proposed scenario gets even worse!
"... we need to establish a new ethic of real time enforcement. I'm sure there are numerous financial malefactors who should be punished for their role in the current crisis. But when do you think the SEC will get around to coming after them based on its recent record? 2012? 2015? That's not a real deterrent. Justice delayed is justice that's largely ineffective."
Given the perceived "need" for 100,000 new financial regulators, where can officials get this many trained people hired in a hurry so the Federal Government can quickly get their new sets of regulations shoved down the throats of tens of thousands of individual companies? Given the state of the economy, this commentator had the answer at the tip of his tongue!
"We've got thousands of former Wall Streeters now out of work, we have MBA students and even law students struggling to find jobs ... We desperately need a white collar jobs program. This is it."
The new Fascist Economy is now starting to mature. Taking advantage of this very frightening created crisis, the government has rammed through the most Socialist/Fascist measures this country has ever seen. Now that the government has all this authority, it now needs to hire the tens of thousands of regulators who will enforce these new restrictive measures all throughout this huge economy.
A faceless government bureaucrat at the side of every financial officer of every company in America? It will not quite be that bad, but too many companies will have to live with that faceless financial overseer. And, you can bet that, when additional government regulators are being hired, the Internal Revenue Service (I.R.S.) will get their fair share.
Welcome to the "Brave New World" of Fascist America, and Great Britain and Europe and Australia and New Zealand, etc, etc.
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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