Editor's note: the following was written in the Comments section of Alternative Right by commenter "Tadzio" in response to the article Exporting Bailouts:
The Constitution provides for bankruptcy courts. They have the framework and the expertise to sort things out. If Congress, the Treasury and the Fed had butted out two years ago the financial crisis would likely be over by now. This is the history of financial panics. This was how President Warren Harding solved the financial collapse he faced when he came into office. He did nothing. Harding is greatly underestimated because he was not a meddlesome pest.
The capitalist system requires rich people. But it does not require any specific group of rich people. When the insiders screw up the best thing is to bankrupt them and make them guests of the state if their cupidity violated laws. The Courts, bankruptcy and criminal, clear the decks for a new set of rich people. There will be no shortage of volunteers. The new people may even be better than the old lot who have proven themselves unworthy of society's rewards.
The present economic policy is all about protecting the wealth of a greedy clique of banksters, mostly Jewish. Just look at the Fed, the White House's financial team and the too-big-to-fail institutions. It is an inward looking camarilla of adventurers. They lost their money and the government made them whole - plus.
There were many successful, solvent Midwestern bankers in the system who should have been moved forward, but they were not part of the Gang. And they were mostly Christians. All cliques act this way but Jewish ones are racially motivated in addition to the commonplace greed. They exhibit rapacity on steroids.
Until this financial mafia is displaced there will be no recovery. When the Protestants overdo it, bring in Catholics, Muslims, or whatever. Eventually the circle will return to Jews and they will fail again. Then boot them again. There will always be an oligarchy milking the economy. It will always be replaceable too.
The key to making them useful is accountability. And that is best enforced through the means provided by the Constitution - courts for crooks and courts for bankrupts. It works. Bailouts and stimulus packages aggravate and prolong the pain.
Capitalism works and enriches. Crony capitalism destroys and impoverishes.
FOR LIBERTARIAN NATIONALISM: ANTI-CORPORATIST, ANTI-COMMUNIST, ANTI-GLOBALIST...PRO-SOVEREIGNTY, PRO-POPULIST, PRO-FREE ENTERPRISE
My Other Blog & Comments
News and Information Feed
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
CBS Implies ICE is Targeting 'Brown People'1 hour ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
One Register to Rule them All – Part Four8 hours ago
-
-
-
-
-
-
News Briefs – 07/14/202511 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
Gates of Vienna News Feed 7/13/202519 hours ago
-
-
-
-
-
-
The coming rare earths war1 day ago
-
-
-
Gay Boy Summer1 day ago
-
Ann Coulter1 day ago
-
-
The America Party Plan1 day ago
-
-
-
-
-
-
-
Crush the Armed Insurrection2 days ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Belsen camp2 weeks ago
-
-
The End Of Free Will2 weeks ago
-
-
-
-
Trump, the Fake “American”3 weeks ago
-
-
-
A World Without iPhones?5 weeks ago
-
-
-
Thursday, May 1, 20252 months ago
-
Headline 3: The Future In Prophecy2 months ago
-
-
-
-
-
-
-
TFeed Index 20245 months ago
-
-
-
-
-
Federal_Nanny_State8 months ago
-
-
-
-
Surviving this Hurricane Season1 year ago
-
Hello world!1 year ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Imagine Being This Desperate1 year ago
-
-
-
-
U.S. Openly Militarizes Space1 year ago
-
-
-
-
-
-
Conversations With Cabbies2 years ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Man, Bear, Pig Event Coming3 years ago
-
-
-
-
-
-
-
-
-
What a Wonderful Stocking Stuffer!3 years ago
-
test3 years ago
-
-
-
-
-
#273 – Marc Randolph3 years ago
-
My Farewell Announcement3 years ago
-
My Farewell Announcement3 years ago
-
-
-
-
-
-
-
-
-
-
Farewell, for now4 years ago
-
-
Audio Book Lost Colony of Hatteras4 years ago
-
-
Cancel Yourself4 years ago
-
-
-
-
-
-
-
The Non-Jewish Origins of Krav Maga4 years ago
-
-
Why the Marines are dumping their tanks5 years ago
-
-
-
-
The Socio-Sexual Hierarchy: ALPHA6 years ago
-
-
Home: A Recap7 years ago
-
Big Brother’s War on Cash7 years ago
-
-
-
-
By: Osamas Pajamas11 years ago
-
Form Post11 years ago
-
Join Our Mailing List13 years ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment