commentary by Bob Barney first written in SEPT 2008!
From Sept.2020: Today we have witnessed what I wrote about last spring about the eventual demise of the United States as a superpower and the Biblical outlook that we are destined to be destroyed by aliens among us as well as our dishonest leaders in Washington, with the nationalization of Fannie and Freddie, comrades Bush, Paulson and Bernanke has begun the conversion of the USA into the USSA (United Socialist State of America). This metamorphosis of the United States into a country where there is socialism for only the rich and well connected. Wall Street (i.e. where profits are privatized and losses are socialized) continues today with the nationalization of AIG as being owned by Uncle Sam!
This most recent exploit on AIG accompanies a diversity of many other policy actions that suggest a massive government intrusion in the financial markets and the economy: the bailout of the Bear Stearns; the bailout of Fannie and Freddie; the use of the Fed balance sheet (hundreds of billions of safe US Treasuries swapped for junk toxic private securities); the use of the other GSEs (the Federal Home Loan Bank system) to provide hundreds of billions of dollars of "liquidity" to hard-pressed, illiquid and bankrupt mortgage lenders; the use of the SEC to falsify the stock market (restrictions on short sales); the use of the US Treasury to juggle with the mortgage market (Treasury will now for the first time outright buy agency MBS to manipulate and prop up this market); the invention of a whole host of new bailout facilities (TAF, TSLF, PDCF) to prop and rescue crooked banks and, for the first time since the Great Depression, to bail out non-bank financial institutions; the recent extension of the collateral available for the TSLF and PDCF facilities to a much wider range of toxic securities including equities and thus allowing the Fed to effectively manipulate even the stock market; Furthermore, a whole range of other executive and legislative actions (including the recent bill to provide a public guarantee to mortgages for banks willing to reduce their face value).
The truth is that the government should bail out the masses who were duped by our government leaders that everything was safe in our sick economy, but those who profited from this crime must be jailed, every dime of the money taken away and criminal investigations into our leaders that have knowingly caused this travesty to happen. Friends, THIS IS A CRIME that is bigger than anything that has ever happened to this country, and I make the claim that these crimes are treasonous and thereby carries the death penalty. Our Secretary of the Treasury has insured that his former company is the only one left standing on Wall Street after the Lehman fiasco. This was planned! Make no mistake about it. Mark 9-15 down as a day more important to our history than 9-11! September 15th is the beginning of the end of our democracy. Yes, we may last another ten to fifty years, but the seeds of our destruction have been laid. Only God hidden hand can ever allow us to recover from what has just happened. Our leaders are merging us into a world government under the authority of the Beast that will arise in Europe. Our freedoms are being dissolved and we will soon be in captivity. May America wake up NOW and stop this from happening! It is a time to pray.
Today's Update: Sept 2021
It's been 13 years now since I wrote the essay above. We have seen the continual decline of American freedom and standard of living. The Deep State stole the presidency in a fake ballot 2020 elections. They have mandated you to turn your body over to them, wear masks, take injections that aren't FDA approved, and restrict travel. Yes, as predicted by God, 3500 years ago Jacob, (which is America and Britain today) would be enslaved by its leaders and the foreigners living amongst them. It has been fulfilled. Our rights are gone. You have none of the rights GOD gave you in the Bill of Rights--NONE! Every one of those rights have been abrogated by us all! Woe is us.