Bat Shit Crazy

Bat Shit Crazy

By

Mitchell Gray

The Federal Reserve and the Treasury have gone bat shit crazy. The New York Times recently reported that the Federal Reserve is going to pump another $40 billion into failed insurer AIG brining the total money wasted in this failed venture to over $150 billion! AIG is bleeding money and should have been allowed to fail like any other bad business. But according to the Treasury Department AIG is “too big to fail” so they have injected billions of dollars into this company to keep it afloat. Not only is this injection of cash immoral and unethical it is down right irresponsible and just as important, unconstitutional. The Federal Reserve as taken at 79.9% stake in AIG – 79.9% of that company is owned by the government! Where in the HELL does the Constitution give the federal government, or any agency of the federal government, the authority to nationalize any private company? So far we have spent over $850 billion bailing out these business and Obama and Co. want to spend another $50 billion bailing out the automotive industry. Why? Why? Why? WHY!!!?!!!

I’m really at a loss for words here. Never in history, at least American history, has anything like this ever been done before on such a massive scale. The complete nationalization of our financial industry is underway with the Federal Reserve pumping trillions of dollars into the system to shore these institutions up. The result will not be fiscally sound companies but massive runaway inflation that will further devastate our economy. It is irresponsible and illegal for the Treasury and the Federal Reserve to do this.

The only sane action to take is to let these companies fail, let them go under, and let fiscally responsible firms buy up what little is good and let the bad get written off. Why are we allowing these idiots to rob us of our money and give it to the rich fat cats on Wall Street? Where are the protest? Where are the riots? Where are the citizen trials for these criminals who continue to abuse us and rape us financially?

PEOPLE! YOU NEED TO WAKE UP! What is happening now will come back and destroy us later. The actions taken NOW will bring absolute ruin upon us all in the very near future. You cannot just create trillions of new dollars that have never existed before and expect things to go on as normal. We are doomed.