The Ice Blog

by Ice

Capturing Resources: A Socialistic Agenda

Last Year I posted a small article with a link to a much bigger story: Legislation for Socialism in America.  At that time H.R. 2421 had been proposed in an effort to give to the federal government control over all water in the United States, and control over all “… activities affecting these waters.”

This effort did not come to an end. Senator Feingold has introduced S. 787 in the ongoing effort to transform the Free America into a Socialistic State by Congressional legislation.

Note that the legislation states: “to the fullest extent that these waters, or activities affecting these waters, are subject to the legislative power of Congress under the Constitution.”  Is the pond located on your property “subject to the legislative power of Congress under the Constitution?” In Fact: which “waters” are actually considered “subject to the legislative power of Congress under the Constitution?”

While you think on that … watch the video

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May 8, 2009 Posted by | Congress, Constitution, End of America, Feingold, Government, Lake, Legislation, Limited Federal Government, New World Order, Politics, Pond, Production, raw materials, River, Senate, States Rights, Water | , , , , , , , , , , , , , , | 1 Comment

A Sound Bite: Free Market Economy Has Failed

We have been subjected to the onslaught of this sound bite coming from the top Banksters and Main Stream Media from the beginning of the sub-prime fiasco.  Of course there is only one solution to a failure of a Free Market.  That’s right… more regulation.  More aptly put: Less Freedom and more Government Control.

How many people across the country are now repeating that sound bite?  Many Americans, wanting to demonstrate their knowledge in matters far above their daily life, are using sound bites like this one while repeating the latest propaganda spewing from the bought and paid for Main Stream Media.  Some may even engage in lengthy arguments over this misinformation and denial of obvious truths that have been staring them in the face for many, many decades.

The masses, having been focused on increasing their material wealth and “fun in the sun”,  haven’t had time to educate themselves on these very important issues. They depend on their limited education from government indoctrination centers, commonly referred to as “public education”, and the Main Stream Media for knowledge of the world around them. Imagine how different our reality might be if men and women had taken time after dinner, or right before bed, to read a book on any of these important matters.  In hindsight they might agree that a bit of self education is worth the effort to protect their freedom.

Is the sound bite “Free Market Economy Has Failed” in any way legitimate?

The truth of the matter is that intervention in the market, rather than the market economy itself, was the driving factor behind the bust.

F.A. Hayek won the Nobel Prize for his work showing how the central bank’s intervention into the economy gives rise to the boom-bust cycle, making us feel prosperous until we suffer the inevitable crash. Most Americans know nothing about Hayek’s theory (known as the Austrian theory of the business cycle), and are therefore easy prey for the quacks who blame the market for problems caused by the manipulation of money and credit. The artificial booms the Fed provokes, wrote economist Henry Hazlitt decades ago, must end “in a crisis and a slump, and…worse than the slump itself may be the public delusion that the slump has been caused, not by the previous inflation, but by the inherent defects of ‘capitalism.’”

Although my recently released book, Meltdown explains the process in more detail, an abbreviated version of Austrian business cycle theory might run as follows:

Government-established central banks can artificially lower interest rates by increasing the supply of money (and thus the funds banks have available to lend) through the banking system. This is supposed to stimulate the economy. What it actually does is mislead investors into embarking on an investment boom that the artificially low rates seem to validate but that in fact cannot be sustained under existing economic conditions. Investments that would have correctly been assessed as unprofitable are falsely appraised as profitable, and over time the result is the squandering of countless resources in lines of investment that should never have been begun.

Source: “No, The Free Market Did Not CauseThe Financial Crisis”, by Thomas E. Woods, Jr.

Continued Here.

May 8, 2009 Posted by | Bailout, Banks, Bernanke, Books, Credit, Currency, Deficit, Deficit Spending, Economy, End the Fed, Federal Reserve, Finance, Fraud, Free Market, Government, Inflation, Investing, Investment, Loans/Mortgage, Market, Market Economy, Politics, Stocks | , , , , , , , , , , , , , , | 7 Comments