It seems that all I continue reading in the news lately is about General Motors and Chrysler’s bankruptcy/merger issues and the money that is being handed to them by the federal government.
Yesterday in the Tuscaloosa News Senator Shelby is stated that we are on a “road to socialism” when we should be letting the market place decide on the automakers fate. Now, while it is fine for him to say this, and I agree that the markets should decide what happens. However, I have to ask, is it really socialism?
Socialism – a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
Now, if this was truly socialism with the federal government purchasing a stake in these automakers by lending them money, should the people own/have a right to the said companies?
The answer to that is no. Why not? Because it is not your tax money that is being printed up to loan to the automakers. The money trail leads from the obvious source, the Federal Reserve. The money is printed up by the treasury department, sold to the Federal Reserve at pennies on the dollar and then the money is then LOANED to the Federal Government at an interest rate that the citizen bears via Income tax collection. So theoretically the Federal Reserve is the one who owns the assets, but the people are the ones that will bear the burden. That is unfortunately how our Central Banking system works.
So, Mr. Shelby, I think you are wrong in saying that we are heading into socialism. The people are on the hook for debt and interest payments of the money, but we do not own a stake in the companies that were given a bailout.
Now, lets take a look at what a better definition of this is.
Fascism – A system of government marked by centralization of authority under a dictator, stringent socioeconomic controls, suppression of the opposition through terror and censorship, and typically a policy of belligerent nationalism and racism.
Ok, lets take out the mention of racism in this issue, as I feel it doesn’t relate to what I am debating.
The centralization of authority is essentially under the United States President and Congress, either of which are controlled by outside sources; Bilderburgs, blackmail, pay offs, etc.
Opposition of the government is censored in nearly every way other than the Internet. Now, with Obama’s latest announcement of a Cyber Security Czar and talks of Internet 2, censorship on the internet is becoming a reality. I do know that Obama stated that this “will not include monitoring private sector networks or Internet traffic. We will preserve and protect the personal privacy and civil liberties that we cherish as Americans.” However, he may have not been informed of an AT&T whistleblower, Mark Klein.
The socioeconomic controls on America would elude to the cycle of our central bank and taxation through income taxes, ssi, and other hidden / choice taxes. This cycle then repeats many times over when the government continues bleeding itself dry to the corporations.