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Bill Buckler: "No Freedom - No Money - No Markets"
From Bill Buckler, author of The Privateer
No Freedom - No Money - No Markets
The Global Financial Crisis (GFC) became an unmistakable reality in July 2007 when Bear Stearns admitted that two of its sub prime hedge funds had lost nearly all of their value because of the rapid decline in the market for sub prime mortgages. At the end of June 2007, Treasury Secretary Paulson had this to say about the problem: “We have had a major housing correction in this country. I do believe we are at or near the bottom.” When asked specifically about Bear Stearns, he went on to say that any losses had been “largely contained” and anyway, “It doesn’t pose a risk to the economy overall.”
When Bear Stearns hit the wall, there was no talk of a federal government bailout because of what Mr Paulson had stated in public. The other US banks refused to lend because Bear Stearns had refused to participate in the bailout of LTCM in 1998. Bear Stearns was left with two options. It could sell the “assets” in the hedge funds or it could bail them out with its own capital. For the one and only time in the GFC so far, a money centre bank tried to sell Collateralised Debt Obligations (CDOs) on an actual market. That attempt lasted hours. When the auction was closed, the bids were coming in at 30 percent of the face value of the paper. The jig was up, the valuation of the collateral underpinning the entire banking system was revealed as fictitious. Not much more than a year later, that collateral was transferred from the US banking SYSTEM to the Fed, which has maintained its fictitious “value” ever since. Europe dragged its feet, but at the end of 2011 it did the same thing in regard to its own banks.
Ever since that episode of mid 2007, the “market” for pretty well every kind of debt-based financial “asset” there is - up to and including the sovereign debt of governments - has been progressively falsified by governments and their “independent” central banks. Mr Bernanke has now been quoted as describing this procedure as “a work in progress”. It is indeed, and by this time its true nature should be clear to almost everyone. But still Mr Bernanke and all his counterparts in the seats of power all over the world bleat about a “recovery” which is just over an ever receding horizon. What the world needs to “recover” from is the increasingly desperate machinations of governments desperate to retain their power. What it needs to recover is freedom - money - and markets.
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Buckler rocks.
Fake it till you make it -- or -- in this case: fake it till you collapse.
it's funny how banking institutions are like mentally ill people -- you get the nice charming rep up front with a great narrative on how it's all so sustainable and how one can take advantage of such a great relationship,and as soon as you're in the BPD insanity is cranked on high with excuses, shit returns that ultimately are net loses in varying degrees-- and now these banks are about to lose their reps more at façades, and not by choice, as when Citi comes up as the most (financially or was that sociopathically) sound bank you know the underlying caustic disease of shadow books and ill fundamentals will turn on you -- so get the fuck out asap and turn around and short the diseased because invariably they will crash and crash worse than in 2008. But I'm a wounded dreamer and I have a clear vision: SP 800. And hey it's nothing personal......
There once was a bank named the Fed
Where debts worth less squat could be shed
Before your zombie bank
Has collateral tank
They’ll walk dead with a spread from the Fed.
OT. Runs under 10 minutes. If you agree spread the word.
=============
Impeach Obama 2012! Join The National Campaign!
http://www.youtube.com/watch?v=b76mBlnm86w&list=UUvsye7V9psc-APX6wV1twLg&feature=plcp
I like Bill Buckler, but I'm not sure what to make of the above paragraph. It seems like an excellent pre-amble to an article...and then it ends.
Is that it? Thanks Bill, for re-iterating the general theme of Zero Hedge to the already well-versed readership. Next time, spend more than 5 minutes writing an introductory paragraph and post an article.
Otherwise it *might* look like you're just trying to sell newsletter subscriptions...
Buckler simply brings us to the edge of the precipice without actually pushing us over. I think he is trying to make us think about the basic proposition that government has become the custodian of all rotten bank balance sheets.
Conclusion? Buy gold and silver.
Yes, that is precisely what he is saying.
This would have been cutting edge in early 2009. I hope his newsletter subscribers get more than this kind of obviousness.
banking elite's only hope is support from police and military.
1) police are like dumb dogs and will be easily controlled with boosted pensions
2) military can't be controlled with pensions alone because the guilt of killing innocents far outweights few dollars in retirement.
Stuff you will never see in the media:
http://www.youtube.com/watch?v=c-8C-rs8Jh4
http://www.youtube.com/watch?v=B6hp8HMstkE
the ruling class care only about expanding their control, but their power lies in only in their ability to sell the working class that war and dying in it is in America's best interest for all instead of theirs alone. No son or daughter of the elite actually does the killing.
http://www.youtube.com/watch?v=V36MT5lAMrc
Police answer to the local body politic and have to live in their communities.
Checking your videos, maybe you're not a complete douchenozze after all.
"It is difficult to get a man to understand something, when his salary depends upon his not understanding it!"
“I shrink from pain and filth and vermin and foul air, like any other man of refinement; also, I freely admit, when I see a line of a hundred policeman with drawn revolvers flung across a street to keep anyone from coming onto private property to hear my feeble voice, I am somewhat disturbed in my nerves. But I have a conscience and a religious faith, and I know that our liberties were not won without suffering, and may be lost again through our cowardice. I intend to do my duty to my country.”
-Upton Sinclair
http://en.wikiquote.org/wiki/Upton_Sinclair
that's why only retired Philadelphia police captains like Ray Lewis can come out to OWS and say
http://www.youtube.com/watch?v=ocdnl4XlTOU
http://www.youtube.com/watch?v=oxk8OYiZ3vk
wonder why they cut teachers pensions but never cut police pensions?
Teachers have only themselves to blame. By NOT supporting Concealed-carry, everyone can infer that they don't own a gun and are therefore not a threat when it comes to a firefight.
Police, on the other hand...
marine VS NYPD
http://www.youtube.com/watch?v=WmEHcOc0Sys
militia VS police
http://www.youtube.com/watch?v=vplwUROCAF
why we fight
http://www.youtube.com/watch?v=c_VD0pE37vo
Karen U. Kwiatkowski retired U.S. Air Force Lieutenant Colonel, not sending her own sons into military
http://www.youtube.com/watch?v=cVO0G2qA7n8
http://www.youtube.com/watch?v=meOUdQrgYPQ
"No son or daughter of the elite actually does the dying"
Fixed it for you, many of them assume leadership roles (or babysit equipment in isolated locations) when they do find themselves in the military, been there, done that.
good point.
they do their honorary "service" so that they can milk their "service" to run for congress, but they aren't getting on the front lines.
no diferent than sons of executives "working" or Ann Romney sing 5 household slaves to help her "raise a family"
Popo, I am a Privateer subscriber and have been since the late 1990s. The entire bi-weekly is a 12 page publication. The morsel you read above is just a lead-in. Unfortunately, the good Captain takes a position of not giving away too much of the farm. It is due to The Privateer that I have been able to maintain a position in gold all these years without being scared off or diverted by talking-heads. Bill Buckler does indeed rock.
And not just custodian of bank balance sheets, but also guarantor for things like underfunded pensions, student and housing loans. The full faith and credit of the US is predicated on a printing press that has infinite output & will never stop running. It has to absolve everyone/everything of their financial sins--no matter how haneous or rotten. In short, the Federal Reseve IS the second coming of Christ. Don't forget to say your Hail Mary's.
I think you're being too hard on Bill Buckler, Popo. His articles ARE short and quick-hitting, but his points are thoughtful and well-supported. Check out this ZH story from last November: http://www.zerohedge.com/news/bill-buckler-presents-four-horsemen-financ... A pretty good summary of where we are, imo, in spite of its brevity.
As for the The Privateer, I'm sure Buckler would like to sell as many subscriptions as he can, but I don't think that's his main motivation. His site is generous when it comes to providing free information to non-subscribers, and a lot of effort goes into building community. Let's be kind to our brother Down Under!
It appears that the current Privateer snippets are somewhat sanctioned by Buckler, whereas, there was a real ass-reaming a few months ago when articles were posted without the Captain's specific okay. I like seeing these, but I like getting the full 12 pages fortnightly!
A Banksters defeatism nightmare, Being forced to Return to Real Money=United States Note=Lawful Money. The real reason you pay an income tax, is for the privilege of using a private currency. Also known As A: Federal Reserve Note, Demand from your bank or brokerage, lawful money and the tax goes away, with a tax exemption on lawful money, all of your money is yours. Use the Remedy within the Federal Reserve Act. http://savingtosuitorsclub.net/ Stop being a Slave!!!!!!
http://www.21silver.com/?show=merrill&read=federal_reserve_act_remedy
Tax Exemption: http://stormthunder.com/federal-reserve-act/ Web search these four different phrases: Redeemed in Lawful Money or United States Note or Redeemed in Lawful Money Pursuant to Title 12 USC §411 or deposited for credit on account or exchanged for non-negotiable federal reserve notes of face value
I still haven't forgiven him for costing the Sox the series in eighty and ought six.
All assets as valued in paper and owned by the paper maker.
OMG!!!! Its true then. Shit DOES stink!!!! Alert the media!!!!
More paper-pushers that stink of fear. Citing the lack of "freedom" and too much "regulation".
Fuck you, prosecute the god damn FRAUD already. The only way to "win" when you know the game is rigged, is to simply not play.
That is where we have been for quite some time. In fact, no matter what profession you are in, it is in your best interest to make sure that you call your colleagues out when they commited fraud. If you don't, eventually no one has any sort of faith/trust in any of you. I think it is safe to say that fraud and corruption has become rampant in a number of fields.
The financial sector will learn once again that you can have no regulations or no transparency, but you have to have one or the other, period.
Let's see if I have this right...
The paper markets are a rigged game, regulated by multiple agents of the state. This condition has existed for decades.
But... we're supposed to wait for still other agents of the state to save us from the previous agents of the state? And we should further expect the second group of state agents to punish the previous agents?
The state maintains the crime we hate, but we are to wait for the state to save us anyway. Hell of a plan.
Agreed! I think that RICO should be amended to cover financial fraud including seizing all assets of the person convicted of fraud and all of the assets of their business entities.
RICO in America? Ha!
You forgot the crooked US courts and the bribed US judges.
The so-called 'racketeering' RICO cases go nowhere, unless the government gangsters have approved the target in advance.
To LawsofPhysics:
The three laws of thermodynamics apply here:
1. You can't win.
2. You can't break even.
3. You can't get out of the game.
free M&M's? where?
Nicely played, and I agree. Perhaps why I stayed in Agriculture. Something about always wanting to eat, no matter what.
banks refused to lend because Bear Stearns had refused to participate in the bailout of LTCM in 1998.
Banks holding a 10 year grudge against other banks. Who'd have thunk it?
seems jpmc wasn't holding a grudge
The bankers apparently got oonfused. They thought that they bailed out LTCM to help LCTM and not themselves. If they had realized that, maybe they would have bailed out Lehman regardless.
Now, the IRS has the authority to impose tax liens on people based on the possibility of their profits from illegal activities, whether they engage in illegal activities or not:
http://lancasteronline.com/article/local/607346_IRS-values-stolen-or-ill...
For foreign readers: Coming to a theatre near you.
LOL!!! Yeah, good luck with that. Idiocracy at it's finest.
No, not idiocy... thuggery.
The guys who get destroyed won't pass it off tritely.
the more things change the more they stay the same.
Freedom's just another word
for nothing left to lose...............
and that's all the central bankers left me
There are no markets - only interventions. End of story.
Let's see ... Paulson, former co-CEO of Goldman Sachs and a continuing major shareholder of that firm, allows two of his former firm's most aggressive competitors to fail before deciding that the rest of the cartel was too big to fail.
Yeah, he really did think we are that stupid or disinterested, or both.
...And he was right (present company excluded, of course)
I marked you up because I think generally you're right, but to be fair, I recall massive popular protest against the government bankster bailouts in 2008.
The bailouts did not prove the stupidity of the sheep so much as they proved that The People really have no power at all, and very little influence even, over their 'elected' officials. Or maybe I should say, The People may have some influence sometimes, but the Banksters have all the influence whenever they want it.
2008 didn't prove sheep stupidity as it proved that the US system is not a democracy so much as an oligarchy. It showed that elections are futile.
Reciprocated.
However one good turn deserves another. The French Revolution was a massive popular protest... what happened in 2008, as far as protests go, was a tempest in a teapot.
The difference was the French people were starving, and had been for a year before the revolution. Take away the EBT cards and my prediction would be 30 days and there would be widespread riots, and I am being very conservative in this estimate.
Paulson was a Round Table boy acting of behalf of the inner circle, that's all. They make the decisions; the people no longer make any important decisions about anything and haven't for a long time. I remember a huge public outcry, to the point where Congress voted against the bailouts before they voted for them (After the bankers put the gun to Congress' head).
"Dr. Carroll Quigley is best known as Bill Clinton's professor of history at the Foreign Service School of Georgetown University. He also taught at Princeton and at Harvard. His 1300 page book "Tragedy and Hope" is unique among other history books in its exposure of the role of International Banking cabal behind-the-scenes in world affairs."
G. Edward Griffin's The Quigley Formula
Tragedy and Hope
Romney and Obama Agree: Power Is Good - Reason Magazine http://bit.ly/HOh8Ph
And the winner will be: Corporatism. (That is, the use of government force primarily to benefit the well-connected business elite.) The loser? The people, who would benefit from freedom and freed markets—markets void of privileges and arbitrary decrees.
No Fundamental Difference
OBAMNEY 2012 - this pict tells the story :D
http://media.reason.com/mc/tcavanaugh/obamney.jpg?h=476&w=328
So let me see if I have this right: There is no difference between an affirmative-action-admission-to-Harvard marxist who is alleged to have been born in Kenya and could possibly be counted as a Muslim, and a Mexican-born Mormon legacy-admission-to-Harvard country club crony capitalist.
Differences, yes. Important differences, no.
The only question is which one gets to play sock puppet next year.
I no longer care.
Might as well just merge onto the same POTUS/VP ticket & dispense with all the rest... It'd be a bankers wet dream...
Perhaps, but wouldn't it be nice if just one of them was unambiguously American and representative of the Average Joe or Jane in Flyover country ... Heartland, not Homeland!
They both work for the same masters.
From Quigley's Tragedy and Hope p. 74: "Though the plutocracy were unable to control the Democratic Party as they controlled the Republican Party, they did not cease their efforts to control both and in 1904 and 1924, Morgan was able to sit back with a feeling of satisfaction to watch presidential elections in which the candidates of both parties were in his sphere of influence."
From p. 61: "As early as 1909,Walter Rathenau said, "Three hundred men, all of whom know one another, direct the economic destiny of Europe and choose their successors from among themselves.""
From p. 73, and this is an important one: "When the business interests pushed through the first installment of the civil service reform in 1881, they expected to control both political parties equally. Some intended to contribute to both and to allow an alternation of the two parties in public office in order to conceal their own influence, inhibit any exhibition of independence by politicians, and allow the electorate to believe that they were exercising their own free choice."
Lastly, a Douglass Adam's quote (paraphrasing): Ford: The president doesn't have any power, his job is to draw attention away from the real source of power.
The president is an actor, nothing more.
I have to say, I'm finding Tragedy and Hope to be an immensely interesting read. G. Edward Griffin was right. It's pretty dry stuff but then you came across a paragraph where you say to yourself, "Did he just say that?"
Here it is folks, the history of the global conspiracy to enslave the world is in this book, written by Bill Clinton's mentor, who wholeheartedly approved of this project.
Another choice quote, p.10: "The social organization of this third Age of Expansion from 1770- 1929 following upon the second Age of Conflict of 1690-1815 might be called "industrial capitalism." In the last of the nineteenth century, it began to become a structure of vested interests to which we might give the name "monopoly capitalism." We shall undoubtedly get a Universal Empire in which the United States will rule most of the Western Civilization. This will be followed, as in other civilizations, by a period of decay and ultimately, as the civilizations grows weaker, by invasions and the total destruction of Western culture."
I'd trust a Muslim before I'd trust a Mormon. At least with the Muslims you know where they stand. The Mormons? Who knows. I still think they are hoping for the downfall of the U.S. government and civilization so they can size their Mormon Theocracy in the Western U.S.
This is likely why all Mormons are required by their religion to keep and maintain extensive stockpiles of guns, ammo, and survival food/water and related supplies. They are essentially a doomsday cult masquerading under the guise of Christianity.
Yah Lehman dragged its feet and only begrudgingly went along with the LTCM bailout and still got ass handed by Paulson
Money, Power and Wall Street | FRONTLINE | PBS http://to.pbs.org/HOhrJS
Indeed,... and a little help from "the Commander's and Chief's [?]", 'war-power-acts', making damn sure that the USSA stays in a perpetual "State-of-War"!
John Yoo & Jay Bibby's, Torture Memo [the law of the land?] via "The 2nd Bush Dynasty" [where's Jeb?, the 3rd] http://www.aclu.org/pdfs/safefree/yoo_army_toture_memo.pdf
Caution: This is not for the faint of heart. The Federal Reserve 'Corporation's' [?], and TBTF's are now the officialism, purveyors of perpetual war - be it domestically or foreign,... got it!
If interested must be directed @ Goggle: ___ [Pdf] Torture memo - American Civil Liberties Union [aclu] __ Mar. 31, 2008 [foia/ declassified]
Ticker PGF (Preferred bank stocks ETF, USA mostly, most of them BBB), yield 7.xx%, looks like a great buy to me, doesn't it?
I mean, it's banks right, too big to fail? Inflation getting out of hand, then the preffered stocks will float up with it, right?
I'd like to hear arguments why that is not a great buy for fixed income..
Inflation benefits those with first access to money.
The SEC needs to bring in forensic accounts and audit Citidel.
What the world needs first and foremost is:
HONESTY
Given uniform honesty, everything sorts itself out reasonably well. However, humans beings are the most dishonest creatures in the entire universe by at least a factor of 1.000e308 (10^308).
In fairness, humans are the only creatures we know who are capable of real dishonesty. The others just act on instinct.
Plus, there are a lot of good folks out there.
Hm..If indeed your a mountain gorilla CH1, then you may be the missing link between the Bernak and the "good folks out there" whom are getting looted blind.
Many animals, especially predators, are capable of dishonest actions, though generally they are not dishonest to themselves like humans are. But you are correct to claim humans take dishonesty to a whole new level of absurdity.
There are lots of folks out there who consider themselves good. Unfortunately, most of them are not. They have purposely evaded psychologically unpleasant facts and thereby sanction, support and finance the predators and parasites who have destroyed mankind and any hope of civilization or future for the species.
Boy, you must be young ... the words to that song were,
What the world needs now
Is love, sweet love,
It's the only thing
That there's just too little of.
That would be nice, but honesty is nothing without consequences.
That would be nice, but honesty is nothing without consequences.
***********
Exactly-
At one time- a handshake and the fear of breach was what shaped the western worlds society-
The loss of gold as an anchor has allowed for the corruption we see today-
Of course. The point is, every action an individual takes is initiated, shaped and guided by ideas that individual holds. If the ideas are uniformly honest, the consequences will usually be good, productive, benevolent (with rare exceptions since honest mistakes are still possible). In contrast, dishonest ideas usually lead to bad, nasty, destructive consequences.
So the whole point of being uniformly and exclusively honest is to cause the consequences to be good, productive and benevolent. So I could flip your comment around and say consequences are usually bad unless guided by honesty.
When those Bear controlled hedge funds failed at going public(nice), they tried to sell 1-2 Billion of toxic mortgage product and failed, laying waste the world wide financial system.
Ben, good luck selling Trillions of the same waste.
Ben won't need luck. Not when he has the ObamaCare precedent. They'll just make us buy that shit with 'our' retirement money.
In summary the Banks have been in rolling default since 1998...every time the FED assists with fresh capital the banks squander and steal the money. Hell our banks aren't even willing to work hard enough to complete a proper home lending scam or they wouldn't need the governments help to restore title to their collateral. If the government had half a brain they would close the TBTF strip their assets and return home titles to the States.
Trying to save these incompetent thieves will be the death of the dollar. Why not open a FED branch in each State?
@ Benjamin glutton... "Trying to save these incompetent thieves will be the death of the dollar"
No not death of the dollar but death of dollar based debt instruments i.e. bonds. It is only bond defaults that can shrink the burden that is crushing the economy. Banks do not want to take the writedowns and will do anything to be made whole again. It is not going to happen and shills in CONgress will do their best to put unpayable bank debt (currently shown as bank "assets") on the public ledger.
my poverty is a work in progress thanks to no markets
there is so much for which to praise this commentary - it is short, sweet, and to the point.
the corruption of the chairsatan and his fellow travellers is of biblical proportions. the rest of the world has taken extensive steps to free themelves from the shackles of us led financial terrorism. the day is coming when the switch will be flipped to turn off the usd and turn on alternate payment systems.
the hand writing is on the wall.....the usa is finished. however, it will not go down without a fight. the trillions upon trillions spent on its war machine will be put to destructive use before it gives up the ghost....
FICTITIOUS
Adjective:
- Not real or true, being imaginary or having been fabricated.
- Of, relating to, or denoting the imaginary characters and events found in fiction.
Synonyms: fictive - fictional - imaginary - false - bogusBullshit fiat currencies, bonds, stocks and other assets that will never be paid back with anything of real value ever.
Right now, the US Treasury market is the biggest "bull trap" in the history of financial markets without a close competitor. William A.M. Buckler (April, 2012)
You can't win if you play.
we can win if we stop playing ...cut the suckers off
Stop Paying Tax
"What it needs to recover is freedom - money - and markets."
Yep, and the ONLY way that'll ever come about is binning Govt which is the problem, not the source of a solution
As always, much appreciation for your great works all.
Please excuse this important channel change, but one man could stop all this and possibly have the time to stop the catastrophe at fukushima.
Please contribute today to the Ron Paul money bomb. Invest in your future and donate now! It is your one way to save all you have.
https://secure.ronpaul2012.com/?dp=1&pid=dpmb
Ron Paul is America's LAST CHANCE to survive, barring any planned events to create the false justification to go get mean ol Iran.
Ron Paul won Colorado and a lot of Washington last night, so the steady march towards a mind-blowing convention is moving on strong. The train kept on a rollin!
http://www.youtube.com/watch?v=051VhDUyras
As always, much appreciation for your great works all.
Please excuse this important channel change, but one man could stop all this insanity.
Please contribute today to the Ron Paul money bomb. Invest in your future and donate now! It is your one way to save all you have.
https://secure.ronpaul2012.com/?dp=1&pid=dpmb
Ron Paul is America's LAST CHANCE to survive, barring any planned events to create the false justification to go get mean ol Iran.
Ron Paul has run and lost. The problem is not simply one of central banking lies and consolidation of power among financial elites with their political cronies in tow.
The problem lies with democracy itself. America was not established as a democracy. As a Ron Paul supporter bleating about the constitution, you, Above All people, should realize this. America was established as a republic, with a limited electorate, and delegates rather than direct elections for senators and the president.
The founders had read Aristotle (Jefferson, in particular). They feared democracy as mob rule, and they feared that the mob was easily misled. They have been proven correct. Japan, Europe, the United States: all democracies.
When the people find that they can vote themselves money, that will herald the end of the republic. — Benjamin Franklin
Respect for religion must be reestablished. Public debt should be reduced. The arrogance of public officials must be curtailed. Assistance to foreign lands must be stopped or we shall bankrupt ourselves. The people should be forced to work and not depend on government for subsistence. - Cicero, 60 B.C.
We've been here before...
My friends, a little bit of healing
http://www.musicme.com/#/Gabriel-Faure/albums/
Delphine Bardin, Barcarolles, choose the first title.
Couldn't have put it better myself. The 'capital' of the central bank is fictitious. As the central bank is the government bank, the capital of the government is fictitious. Forget the stupid pontificating of Sheila Bair in the other article "If we print lots of money we might get hyperinflation". We are on the cusp of hyperinflation right now, have been for years. It's just the government credit bubble hasn't yet burst, deflated against gold but not burst.
Government credit is junk & the 'smart money' should value it accordingly.
The Big Picture Wile E. Coyote Equity Top.
http://www.zerohedge.com/news/2012-12-24/market-analysis
Prepare for a substantial USD rally.
93.6% of Americans are stupid enough to believe in God. Therefore, 93.6% of Americans are immediately disqualified from competing directly with their superiors in the banking industry. After all, if they did not victimize you then someone else would. Perhaps some kind of theocratic idealogue would take your money if the banksters let you keep it.
So the "99% vs. the 1%" is actually the 5.4% vs the 1%. The 93.6% are too stupid to even compete in anything remotely resembling a fair competition anyway. Which is, incidentally, why they vote for socialism and people like Obama - they know they can't compete on an even playing field with people clearly vastly superior to themselves.
American Christians overwhelmingly support Zionism. American Christians overwhelmingly believe in an after life. Amercian Christians are the cause of .and primary supporter of. the fascist American police state and its aggressive foreign policy. Raining down"God's judgment" upon brown people and non-Christians everywhere.
My advice to all of the "right wing Christian" Americans is to vote for Obama in 2012. He'll prevent you from being victimized by people with intellects vastly superior to your own. A vote for Romney is a vote for theocracy and victimization. A vote for Obama is a vote for socialism - and victimization (if you are a member of the top 1%). Seems to me most of Zero Hedge should be Obama supporters.
Meanwhile, those of us will triple digit IQ's will vote Ron Paul, futile though it may be.