Posts Tagged ‘get out of debt’

//www.mysteriesofcanada.com/Canada/tim_buck.htmOpinions abound concerning the conspiracies that may have been present during the run-up to the Great Depression. Regardless of your beliefs concerning these conspiracy theories, you must acknowledge that several privately-held companies benefited greatly from the results of the Great Depression upon the people of the United States, in general.


How often does history repeat itself?


Current headlines read:

“Fed’s Regulatory Powers May Expand After Crisis”

“Fed Expands Lender of Last Resort Role Even As It Draws Line on Bailouts”

“WaMu’s Decline Values Lender Close to JPMorgan’s Takeover Offer in March”


If you are aware you will see these headlines as ominous indications of the future.


How much more power can be consolidated in the overgrown giant we know as the “Fed” before it owns us lock, stock, and barrel? Or, is it already too late to even consider that?


As the Fed grabs for more control at each and every turn (notice that, in the long-run, the results do not generally help the public but specific, private shareholders of entities shrouded in mystery), and as super-giants such as JPMorgan and others grow in leaps and bounds by buying smaller entities for a steal at the expense of the public, the question must be asked: Was our current situation engineered from the beginning?


How much imagination must one have to believe that the Fed and its “coordinators” intentionally made credit far too easy to obtain in our society in an effort to run-up prices (which empties the pockets of the public) and then intentionally began a series of credit-tightening (which inevitably results in defaults) in a concerted effort to relieve the American public of its hard-earned wealth (while leaving the public holding with a rather enslaving bag of debt)?


History may well tell the true story (albeit re-written to please its authors), but today one can only guess at the intentions of those in true power. Today’s best advice could be stated “Beware the wolf in sheep’s clothing”, in an effort to put all individuals on notice that the actions of the Fed and its consorts may not be in your best interests.


But how can you possibly avoid this uninvited impact in your life?  GET OUT OF DEBT, even if it represents a small interest rate on your home, eliminate it. As long as you are paying on debts you are playing in their game. You can’t get out of the game until you get out of the debt.  Debt requires you to pay interest on air. This is in addition to the heavy interest you pay on the “air” of our governments spending in the form of taxes and the so-called social security income (which is also a tax, folks, not an entitlement).  You might as well be paying a fee for every time you exhale rather than be in debt.  At least that provides you with a necessary freedom. 


This may sound trite, but my emphasis here is to get you to realize just how enslaving this national debt and reliance on the Fed is.  And I do mean SLAVERY.  You are required to work through May just to pay your portion of taxes to the government. While it may not be the same as the 20 year requirement for indentured servants in the South, it’s still is a heavy toll. I hope that my sharing with you these alternative views may help you realize that you may be participating in game that you never wanted to play.


Copyright 2009 Kellene Bishop. All rights reserved.
You are welcome to repost this information so long as it is credited to Kellene Bishop.  

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The most recent news of the government taking over Freddie and Fannie may come as welcome relief to some, it scares the crud out of me.  Here’s yet one more way that our government can have a hand in our business, our finances, and it is certain to be an unpleasant one.  Every time the government is in control over a financial issue, they consistently demonstrate that they have no decorum in conducting themselves with any sense of prudence.  Social Security. Medicaid. FEMA assistance.  Pork spending. And let’s not forget the true 800 pound gorilla that’s been around since the early 1900’s, the suspiciously formed Federal Reserve.  So now we have the Federal Reserve pulling all of the strings of our currency circulation (whilst arbitrarily eliminating any reporting of just how much currency is in circulation at one time), the FDIC taking over control of various banks that have mishandled their funds, and we’ve now got the U.S. government acting as the nation’s primary mortgage lender.  Geesh.  If that’s not a recipe for disaster, I don’t know what is.  The more of our financial freedoms we give control to our government, AND to non-elected officials such as those that run the FDIC and the Federal Reserve, the less free we are indeed. 


To read that Freddie or Fannie did not see the mortgage bubble coming is ludicrous. These are learned and highly educated individuals entrusted with this responsibility all these years.  Of course they saw the writing on the wall.   They either had a back up plan that didn’t pan out very well, or they chose to ignore the responsibility that this problem they created would require.  You simply cannot believe they acted in ignorance.  I’ve got entry-level administrative personnel that can forecast better than that!  I’ve got nothing more than a high school education and yet over 3 years ago I bailed out of the residential industry to get into commercial because the writing was on the wall way back then.  In other words, it doesn’t take a brain surgeon—or at least a college educated economist—to see that there was trouble brewing long ago with the credit given freely to so many with such unrestrained finance terms.


Here is yet one more reason for us to heed ongoing counsel of the wise to get out of debt, including our homes.  We’ve got to start looking at our homes as our places of refuge, not a credit line. 

Copyright 2009 Kellene Bishop. All rights reserved.
You are welcome to repost this information so long as it is credited to Kellene Bishop.  

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