After hearing for decades from Canadian and American socialists how great the Canadian system is compared to our horrific country, this email from Gordon is frightening and should truly be cause for alarm. We truly have been asleep at the wheel for too long and quite frankly I cannot see one sign ( economic, political, social ) that points to us waking up and right the ship.
Regardless of November’s elections I do not believe the “new” politicians will do what is necessary to reverse decades of creeping socialism here. ( Drastic cuts in social spending for all, re-instilling personal responsibility versus government handout, fixing our educational system, abolishing the FED, rescind GATT, etc ) Like ALL western civilizations our fertility rates and worker to retiree rates simply do not support the socialistic fantasy anymore.
This response is in no way meant to disrespect Gordon’s comments rather reaffirm his concerns for our societies which truly are interwoven and heading in the wrong direction.
Ronald
From: OpenFX@yahoogroups.com [mailto:OpenFX@yahoogroups.com] On Behalf Of Gordon Gibson
Sent: Thursday, September 30, 2010 2:08 AM
To: OpenFX@yahoogroups.com
Subject: Re: [OpenFX] Yahoo! News Story - Bernanke: Fed, others working on overhaul rules - Yahoo! News
The US is becoming THE most socialized freaking country in the world thru this manipulation machine called the FED. You people are asleep at the wheel. Pull over, grab a cup of coffee and regain control of your country....and this coming from a Canadian lol
----- Original Message -----
From: Clay Mara
Sent: Wednesday, September 29, 2010 10:14 PM
Subject: [OpenFX] Yahoo! News Story - Bernanke: Fed, others working on overhaul rules - Yahoo! News
Clay Mara (clay@claymarafiote.com) has sent you a news article.
(Email address has not been verified.)
----------------------------------------------------------
Personal message:
Hi Traders,
This doesn't exactly give me warm fuzzies:
"At the same time, the Fed is transferring many of its consumer protection responsibilities to a new watchdog agency created by the law. The Bureau of Consumer Financial Protection is housed within the Fed and bankrolled by the Fed, but Bernanke has no authority over it."
I've learned that whenever legislation is couched as something good for the general consensus, BEWARE. Also notice, this new "Bureau" is housed within a private bank, The Federal Reserve.
It's time this country woke-up and the general population took it's collective head out of sand (and I'm being polite here).
Comments welcome.
Cheers,
Clay
Bernanke: Fed, others working on overhaul rules - Yahoo! News
http://news.yahoo.com/s/ap/20100930/ap_on_bi_ge/us_financial_overhaul
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Yahoo! News
http://news.yahoo.com/
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