The Over Reaching Arm of the Fed

The fed is seeking to expand its reach and tighten its grip.

For all the talk of fascism during the Bush administration we are seeing actual moves in that direction right now and the word never comes up in the MSM or from those who were supposedly in fear of Bush bringing fascism to America.

I of course do not know that fascism is the Obama administrations desired end but when all the moves against business by this administration are considered, you have to wonder if fascism is not on the way.

This is but one more example of the fed over reaching.

Washington Post

The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.

The government at present has the authority to seize only banks.

Giving the Treasury secretary authority over a broader range of companies would mark a significant shift from the existing model of financial regulation, which relies on independent agencies that are shielded from the political process. The Treasury secretary, a member of the president’s Cabinet, would exercise the new powers in consultation with the White House, the Federal Reserve and other regulators, according to the document. […]

The government also would assume the authority to seize such firms if they totter toward failure.

I would much prefer, and believe it better for the economy in the long run (consider the finical crisis in the 1920s) if the government would allow failing businesses to fail.

Propping these businesses up does nothing more than delay economic problems and increase the intensity of the pain that will be experienced when the house of cards comes down.

 

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Justice For Mother Earth


earth2 

An international court for the environment has been proposed  which would be the prevailing authority on all environmental legal matters.

The Telegraph

Stephen Hockman QC is proposing a body similar to the International Court of Justice in The Hague to be the supreme legal authority on issues regarding the environment.

The first role of the new body would be to enforce international agreements on cutting greenhouse gas emissions set to be agreed next year.

But the court would also fine countries or companies that fail to protect endangered species or degrade the natural environment and enforce the “right to a healthy environment“.

While “the first role of the new body would be to enforce international agreements”, the UN Climate Change Conference in Poznan, Poland got underway today to force international agreements.

I’m frankly surprised such an international court has not been proposed before; perhaps it has and I just missed it.

I don’t know if this court or any similar court will come into existence in the near future, but I am sure it is on it’s way.

Of course you know well who the worst offender of these international environmental agreements will be, America. You then also know which nation will be the most heavily fined and, or sanctioned, America.

America, you know that nation that provides the majority of U.N. funding.

America, the nation that brought the modern world to you.

 

The Enviro-Nazis are gearing up and now they will have a friend in the White House. Our refusal to jump on board with the Kyoto Agreement saved America millions of jobs and likely Trillions of dollars.

 

Barack Obama is short on ideas when it comes to global warming, but he does believe it does exist and that it is caused by man. He will not be a leader on this issue, he will be a follower of other nations. Basically, where ever the greenies train goes, Obama will be on board.

 

Think we have an economic crisis now? Wait until we get into the full swing of being ‘green’.

Holding on tight to your job right now? Better grasp it with both hands and tether yourself to it.

 

A global environmental court,  the undermining of the Posse Comitatus Act, don’t you just love the smell of fascism arriving in the morning.