Too big to fail

Every productive person should take a good look at the EU for a clear view of the future under a global government. Naturally, entrenched parasite classes, along with aspiring parasites the world over, expect the EU to bailout fiscally irresponsible member states. The rioters in Greece are not expecting a bailout —— they are demanding one:

With the integrated economic community, however, came a serious problem: If any of the member states spent beyond their capacities, the others would have to pick up the slack. And that's precisely what happened. Greece is bankrupt. So is Spain. So is Ireland. The bleed-over is corrupting the economies of the other Euro members.

Before Americans sneer at the EU take a backward look at bailouts in this country. Note that bailing out New York City in 1975 was the fourth bailout and the forerunner of what is happening in Europe; i.e., an omnipotent government with unlimited taxing authority bailing out a smaller government entity in the name of economic stability for all:

History of U.S. Gov't Bailouts
Updated: April 15, 2009 12:02 pm EDT

http://www.propublica.org/special/government-bailouts

NOTE: New York State did not bailout NYC. The federal government forced taxpayers in every other state to pick up the tab.

There have been more bailouts since April of 2009 —— renamed stimulus packages —— each one more expensive than the previous one. Too big to fail was the sales pitch.

The joke is that Left-leaning loons protesting in NYC and other cities rail against the wealthy while they are demonstrating for too big to fail. The loons are contradicting themselves. They are saying the wealthy should remain wealthy because they are too big to fail.

“Too big to fail” is doublespeak for the Domino Theory justifying bailouts. It is a scare tactic. The fact is: Bailouts were always designed to keep one specific domino from falling; that domino is collectivist ideology.

Go back to the early days of socialist collectivism and you’ll find that everyone lusting after the public trough promised Americans and the world there would be no more boom and bust cycles under a controlled economy. After the dirty little moralists were seated at the public trough they realized that the dominos must never be allowed to fall because the minute lesser dominos go down the economy is back to boom and bust cycles.

The ancient dream

There’s never been a priesthood that did not dream about imposing its morality on the world through coerced charity.

Coerced charity used to be the moral high ground defending socialism’s ideology. Thanks to the tax code coerced charity became a reality too big to fail, and it painted public trough parasites as the most humane creatures God and Karl Marx ever created. How can anyone be faulted for wanting to do good? That’s easy. They don’t want to do good, they want to force everyone else to do good while they sit back and rake in the dough.

Incidentally, the welfare state gave birth to the largest business in America, and in the world. That business is tax dollar funded charity, but don’t look for coerced charity among Fortune Five Hundred companies. No matter. The coerced charity business is so large that government economists have no choice but to say that public purse charity is too big to be allowed to fail.
Discount common-good claptrap long enough to look at tax dollar charity as the business it is, and you’ll see that coerced charity is also the least productive business in the world. Productive implies goods and services; so let me point out the obvious; coerced charity is the business that is least beneficial to society.

Before bailouts came along, coerced charity was the philosophical foundation for the welfare state. If you believe in the welfare state; that is the things the government tells you about education, about socialized medicine, blah, blah, blah, then you must also believe that nothing should be allowed to derail tax dollar charity.

The thing that big government advocates do not tell you is that the entire rotten system must collapse under its own weight. The insatiable welfare state personality types absorbing the nation’s wealth while giving nothing in return guarantee the collapse. The collapse is happening in Greece. In the normal course of events the collapse will come here in the near future.

In light of the recent bailouts of businesses, and now governments, socialism itself is under attack. The day is near when everyone will have to face an ugly political truth; socialism has become too big to fail.

Finally, you can find economists pontificating on every side of bailouts. That’s the problem. More emphasis should be placed on the religious philosophy behind bailouts. Until the grip that that sick philosophy has on society is broken, Americans will continue to lose their freedoms until every individual liberty is irretrievably lost.

What a One-World Government Looks Like
Ben Shapiro

"Imagine there's no countries," John Lennon warbled in his inane song "Imagine." "It isn't hard to do / Nothing to kill or die for ... Imagine all the people / Living life in peace / You may say that I'm a dreamer / But I'm not the only one / I hope someday you'll join us / And the world will be as one."

They believed in those pathetic dreams in Europe. In the aftermath of World War II, facing the prospect of Soviet domination and wanting to keep the defeated Germans from completing a World War trilogy, the European community, aided by the United States, created the European Coal and Steel Community. A federal Europe was the goal; the original plans included a European Defense Community and a European Political Community, both of which fell through. Eventually, this grew into the European Economic Community.

The European Union was the successor to the EEC, formed in 1993. The current EU members include Austria, Belgium, Bulgaria, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, German, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.

There was only one problem with this notion: These states had little in common. They did not share a common language; they didn't share common customs (other than, perhaps, a deep-rooted history of anti-Semitism); they didn't even share basic economic principles. This created potential for tremendous conflict within the Union.

The most obvious success for the EU, however, was the Euro -- the official currency for Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. It is the second largest reserve currency on the planet, after the dollar.

With the integrated economic community, however, came a serious problem: If any of the member states spent beyond their capacities, the others would have to pick up the slack. And that's precisely what happened. Greece is bankrupt. So is Spain. So is Ireland. The bleed-over is corrupting the economies of the other Euro members.

This week, the Euro members got together to attempt to solve the crisis. Many of the members are no longer interested in bailing out Greece -- they are sick of the redistributive socialism of the eurozone. They don't want to have to create slush funds for the different countries to raid based on how much they feel like spending. The grand Lennon-esque experiment is failing. As the Financial Times reported, "officials described mounting concerns that the summit will fall well short of market expectations."

The Dutch government will fall unless the crisis is solved. So will the Italian government. So will the entire EU, according to Alan Greenspan. "At the outset of the creation of the euro in 1999," Greenspan said, "it was expected that the southern eurozone economies would behave like those in the north; the Italians would behave like Germans. They didn't. Instead, northern Europe fell into subsidizing southern Europe's excess consumption, that is, its current account deficits." In short, said Greenspan, the countries comprising the EU are incompatible. "The effect of the divergent cultures in the eurozone has been grossly underestimated."

Lennon's one-world concept was a communist one. "Imagine no possessions / I wonder if you can / No need for greed or hunger / A brotherhood of man / Imagine all the people / Sharing all the world." Lennon got his wish in soft form in the creation of the European Union. The result: class warfare in the extreme -- a racial powder keg ready to blow -- and full-scale bankruptcy. Now the EU will revert to what it has always been: a loose agglomeration of nations, often in conflict with one another. That's the way the world works. That's the way the world will always work. And that is not a bad thing. Better that some nations stand for individualism, freedom and entrepreneurialism than that we all stand for redistributionism and the spineless multiculturalism that results in destruction of standards.

http://townhall.com/columnists/bens..._a_one-world_government_looks_like/page/full/

 

Granny says is `cause dat do-nothin' Congress ain't doin' nothin' `bout it...

'Too big to fail' remains a problem
3/20/13 - Federal Reserve Chairman Ben Bernanke said Wednesday that he still views "too big to fail" banks as a "major issue" that must be addressed.

 

Granny says, "Dat's right - dey oughta just let `em fail...

‘Too big to fail’ fears rise as banks bulk up; lessons from past forgotten?
Tuesday, March 26, 2013 - Nearly three years after Congress passed the most far-reaching new regulations on Wall Street since the Great Depression, worries have resurfaced that the biggest U.S. banks have only grown in size and remain bailout candidates because they are “too big to fail.”