Bank Failures, Money Masters and Empires
Sunday, July 13 2008 @ 11:54PM
Looks like our tax dollars are going to be bailing out Fannie Mae and Freddie Mac, the nation's two largest mortgage finance companies, as the debt bubble from speculation, greed, lack of regulation and Congressional oversight are grinding together in a perfect, and catastrophic, storm.
Robert Reich's blog calls it "socialized capitalism."
Bubbles, Booms and Busts are not new to this country. But what we may be facing in the near future could be unprecedented.
It's time for us to take a serious look at the history of banking. Here's the series called "The Money Masters." Part One.
And Part Two.
Peter Dale Scott is an English Professor at the University of California in Berkeley. I happened across his fifteen minute video where he discusses the importance of changing the system from the ground up, not from the top down.
This is a theme our campaign talks about - getting to know your neighbors, local buying and barter networks, developing relationships and contingency plans, sharing resources and most importantly, seeking the truth in an age of propaganda and mayhem.
If you watched that first link of Mr. Scott, whose latest book is entitled, The Road to 9/11. Wealth, Empire and the Future of America, here is a one hour presentation from the program called Conversations with History - Peter Dale Scott.
Once you get past the first five or ten minutes about the influences of his youth, you'll discover facts about the "deep state," what Professor Scott calls the secret government. He discusses Afghanistan, the CIA, the drug trade, Carter, Reagan, Oliver North, Bush 1 and the unaccounted activities of Cheney and Runsfeld on 9/11.
It is a fascinating discussion, illuminating and critical for our understanding of current events. Let's seek the truth and push back the darkness.
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