Friday, October 30, 2009

the banking industry. They are not the engine that runs America, they are the parasites that suck the life blood from that engine



I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
-Thomas Jefferson, 3rd president of US (1743 - 1826)


The bankers of America hide their mysterious dealings in a confusing jargon of legalese. They have damaged the American economy to the point that the United States government has had to bail them out at the cost of billions of dollars. They have ben allowed to get too big to fail. Some of the banks have paid back part or all of the bail out money but the practices that they engaged in that caused the financial implosion has been renewed with just as much vigor. Bankers, it seems, have short memories. They are responsible for the mortgage crisis, over the next three years there is expected to be another seven million americans facing foreclosure. The banks have bludgeoned the American consumer. Jefferson warned America about the dangers of abuse by the banks. ...the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. Perhaps it is time we took notice.
It is time to break up the big banks that are too big to fail. If they are irresponsible and once again create a crisis that threatens their existence and impacts the American economy adversely they should fail. No one bails out the individual Americans, no one bails out small businesses but the banks expect, albeit they demand that they get bailed out. Too big to fail should be seen as what it is, America being held hostage to the banking industry. They are not the engine that runs America, they are the parasites that suck the life blood from that engine, the American working man and woman. There motto is greed, corruption and deceit. Someone once said the best way to rob a bank is own one, so true. It is time to end it, break up the bastards.

***

Joy of joys, the Yankees won the second game of the World Series last night. Godzilla slammed a home run to take the lead. Mo was fantastic in relief. Last night following a meeting I sat in a bar with a few friends and caught the last three innings and of course the highlights. There was plenty of fist pumping and all was right with the world, the Yankees had evened up the series. Now they are going to take the 110 mile trip to Philadelphia for the next three games. I doubt that they will win all three but they won't lose them either. I expect them to take two out of three and then return to New York and win the series at home. Take it to the bank and bet the farm. Better yet, skip the bank, they'll screw you. Goooooooooooooooooooooo Yankees.

SCIENCE AND ENVIRONMENT


The Vanishing Face of Gaia: A Final Warning

by James Lovelock

Nightmare scenario

"...scientists from four international climate research programs reasserted the hypothesis's basic tenets: (1) Earth "behaves as a single, self-regulating system"; (2) "human activities are significantly influencing Earth's environment"; (3) Earth's system is complex and difficult to predict, and "surprises abound"; (4) the system is characterized by "critical thresholds and abrupt changes"; and (5) Earth's system has "moved well outside the range of natural variability exhibited over the last half million years at least."

His (James Lovelock) findings are based on experiments conducted with a simple kind of computer model that is used by climate scientists to diagnose the accuracy of larger climate models. This revealed that signs of climatic instability are likely to appear as the concentration of CO2 reaches 400 parts per million (ppm). Then when CO2 reaches a concentration of 400–500 ppm, the computer model predicts a sudden rise in temperature of 9 degrees Celsius. But just before that major temperature jump a strange thing happens—the temperature dips for a few years. As Lovelock puts it, if his model truly represents the Earth's response to increasing carbon dioxide, it is scary because it implies that before the final jump to a desert world, the climate will briefly become cooler again. This warns that a cold summer, or even a series of them, is not proof that global heating has ended. Another way of putting it is that normal climatic variation will precede Lovelock's 9 degree jump in temperature.

(I)n The Vanishing Face of Gaia. A new climatic jump, he concludes, will occur within the next few years or decades, and will involve an abrupt increase in average global surface temperature of 9 degrees Celsius—from 15 to 24 degrees Celsius (59 to 75 degrees Fahrenheit). Such a shift, he contends, will trigger the collapse of our global civilization and the near extinction of humanity." New York Times Book Review



Blog Alert! What Fox doesn't want you to know. Blog Alert!

No comments:

Post a Comment