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America is History

This morning I learned that our glorified Senator Dodd flapped his lips and told the country that we have but days to prevent financial meltdown. It’s the first honest thing we have heard from within government in a helluva long time, from a man I would not trust to deliver my newspaper.

Some (what, 537?) elected people in government and none can be trusted.  So today Congress will meet and pass some kinda bill to spend another trillion dollars to buy worthless mortgage paper. A trillion dollars they don’t have, and which WE cannot pay, and which WE refuse to pay.  So OH WELL, Congress will pass some bill, the Fed will create the money, and let it all be added to a national debt which can never be paid.  America is history.

I created this website months ago when it became clear America was headed down the path of collapse to death. I have written much in trying to re-introduce the essence of morality, which is and must be

  • each human has the INATE right to life, therefore
  • each human has the INATE right to sustain that life, therefore
  • each human has the INATE right to property, which means
  • ALL property of any and all nature — the fruits of one’s labor, of mind or body, and of happiness
  • no human has claim nor right upon the life or property of any other human, which requires
  • that each human is wholly responsible for one’s own life, and therefore
  • cannot accept responsible for the life of any other who is not of value to oneself
  • the use of force is the ultimate immorality, for it negates the rights of another.

Morality has nothing to do with religion, but mysticism by it’s nature refutes basic morality.  Mysticism can only destroy morality, which destroys all.

America is history because we have lost even the concept of basic morality.  Without morality as our frame of reference, we helpless to defend it and are doomed to lose it.  This loss has Morality works entirely for the ‘greater good’, leaving for each human the option of deciding what is, or is not, worthwhile to oneself.  This is the virtue of selfishness; of attending to one’s own life, and choosing to assist any other person one sees as of value to that life.  No other may determine what is valuable to you. Each must must determine one’s own values, and act upon those values to enhance one’s own happiness.  Each must determine and act toward one’s own values, and those of no other.  I treasure my family and my friends, those who bring happiness and fulfillment to my life.  Those who detract from that fulfillment are not my friends and family, and I refuse to accept responsibility for those, for they bring me nothing of value in return.  Yet I may support them by purchasing the fruits of their labor, which is entirely voluntary, benefiting both and harming no-one.  A free market is the natural result of morality.

America is history because each of has failed to act in accordance to this basic code of morality.  When our morality has been infringed, we have not voiced, we have not refused, we have blindly accepted, and we have allowed.  Each such infringement, once effected, can lead only to another.  America is history.

We are now a global economy.  The lost of America will be total, global, and the most devastating ever known,  We will enter a new Dark Age from which this world may never return.  Only a true morality in each human being can bring anything of value back from this new Dark Age.  There is no time left to waver, there is no time left to debate, there is only time for each of us to accept a true morality and take it with us to our graves.  May somehow, someday, somewhere, morality be rediscovered to a new era of enlightenment and happiness.  We have have only today.

A new post updates what is happening in the meltdown government.

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  • Striker

    Stats are always so helpful and necessary to understanding. Thanks for these! Let’s try to get them upfront as a post we can Digg!

  • unlawflcombatnt

    From Bloomberg News, the latest estimate for the cost of ONLY the most recent bailout (i.e., since Thursday September 18, 2008.

    $800 billion of taxpayers’ money (through the Treasury Dept.) to buy up failed assets:
    +
    $400 billion to bailout money market funds =

    $1.2 trillion (This is only since Thursday Sept. 18)

    Prior to Thursday Sept. 18

    $900 billion total:

    The breakdown of the $900 comes from CNBC

    Sept. 17, 2008

    “The U.S. Federal Reserve stepped in to rescue insurance giant American International Group from bankruptcy with an $85 billion loan on Tuesday, the latest in a series of bailouts and loans for the financial and housing sectors.

    The action brings the total tab for government rescues and special loan facilities this year to more than $900 billion. Following are details of actions and amounts:

    – $200 billion for Fannie Mae and Freddie Mac . The Treasury will inject up to $100 billion into each institution by purchasing preferred stock to shore up their capital as needed. The deal puts the two housing finance firms under government control.

    – $300 billion for the Federal Housing Administration to refinance failing mortgage into new, reduced-principal loans with a federal guarantee, passed as part of a broad housing rescue bill.

    – $4 billion in grants to local communities to help them buy and repair homes abandoned due to mortgage foreclosures.

    – $85 billion loan for AIG , which would give the Federal government a 79.9 percent stake and avoid a bankruptcy filing for the embattled insurer. AIG management will be dismissed.

    – At least $87 billion in repayments to JPMorgan Chase for providing financing to underpin trades with units of bankrupt investment bank Lehman Brothers . U.S. Treasury Secretary Henry Paulson said over the weekend he was adamant that public funds not be used to rescue the firm.

    – $29 billion in financing for JPMorgan Chase’s government-brokered buyout of Bear Stearns in March. The Fed agreed to take $30 billion in questionable Bear assets as collateral, making JPMorgan liable for the first $1 billion in losses, while agreeing to shoulder any further losses.

    – At least $200 billion of currently outstanding loans to banks issued through the Fed’s Term Auction Facility, which was recently expanded to allow for longer loans of 84 days alongside the previous 28-day credits.”

    Adding that $900 billion to the current $1.2 trillion gives a total of
    $2.1 trillion.

    And this does not include the takeover of Fannie & Freddie, which put an additional -$5.5 trillion on the taxpayers’ balance sheet. Nor does it include essentially putting $2-4 trillion of money market funds on the Fed’s balance sheets.

    In the period of less than 1 week, we’ve increased the public debt from -$9.6 trillion to roughly -$17 trillion.

    And this is only until the next bailout.

    http://web.archive.org/web/20081016195703/http://unlawflcombatnt.proboards84.com:80/index.cgi?board=financial&action=display&thread=3878&page=1

  • Striker

    The buggers in Congress have managed to delay the fall for a short while as they work out a new trillion-dollar plan to correct a cause. Rather than just correcting the cause, they are adding another cause to the dilemma.

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