The Northern Review

The proponents of the bailout say without it money lenders will not lend money.  We are not sure who these money lenders are.  We are even less sure as to who will get the money to be lent.  If America is going to put $700 billion into the financial structure, into the hands of the [...]

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The dilemma we are in is one of the role of money lending in a capitalist free market economy.  The money lenders are saying they can no longer make money on the money they have lent.  They cannot roll it into cash, into new borrowing.  Therefore the money lending gravy train is coming to an [...]

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There is great moral hazard to the bailout. If our current leaders act to provide what they apparently intend to provide (bill version as of late Sunday evening, Sept. 28, 2008), they will have forever changed America.
We have to have a reasonably free economy. Such freedom presumes that the economy we have is an evolving [...]

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It is Sunday in America, September 28, 2008 — The leaders of the Democrat Party of America have their smiling faces all over the American newspaper frontpages.  They are proud because they have reached a Casino Capitalism bad debt bailout.  There is nothing attractive about what the Democrats hope to do on Monday.  There is nothing [...]

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“Government is the problem” so it is said. Now, the same people are saying government is the “answer.” What gives? Our political life is controlled by children. Spoiled children who think the cause of their angst is a parental figure (government) and at the same time think the parental figure (government) can and should save [...]

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The United States is about to fall apart. Why? What is the basic reason for this? The immediate reason is that “assets” used and leveraged many times over to provide for a (a) consumer economy and a (b) financial economy based on usury, interest payments for the use of money to fund consumption have lost [...]

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The government is going to buy bad investments made by money lenders. The government will then own the bad investments. It will then sell them if it can. If it cannot it will collect the money coming in on the assets. If the money does not come in the assets will be turned into investments [...]

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