"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.

"The average age of the world's greatest civilizations has been 200 years.
Great nations rise and fall. The people go from bondage to spiritual truth, to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependence, from dependence back again to bondage."  -- variously credited, probably Alexis de Tocqueville


> -----Original Message-----
> From: HP-3000 Systems Discussion [mailto:[log in to unmask]] On Behalf Of Brice
> Yokem
> Sent: Tuesday, September 16, 2008 11:07 AM
> To: [log in to unmask]
> Subject: Re: OT: our economy
>
> <SNIP>
> Now I may be blind but I've read The Federal Reserve Act multiple times and
> nowhere do I see where equities can be taken to the window (or anywhere
> else for that matter) for Fed Credit.
> <SNIP>
>
> Well, we all know that the law means what you feel like it means, not what
> it says...  let's hear from all you loose contructionists out there!
>
> <SNIP>
>
> That opportunity exists here and now - but if we, the people, refuse to take
> it, I don't want to hear complaints one, two, three or four years from now.
>
> <SNIP>
>
> It is simply not reasonable to expect the average voter to understand the
> in's and out's of finance.  There is also NO WAY to avoid politicians being
> influenced by big money interests.
>
> On Mon, 15 Sep 2008 11:52:40 -0700, Craig Lalley <[log in to unmask]>
> wrote:
>
> >I got this from a fellow list'er, but I thought it was important enough to share.
> >
> >We have had debate on the economy before, but I think this pretty much
> nails it, and our economy.
> >
> >http://market-ticker.denninger.net/archives/580-Citizenship-Is-Not-A-
> Spectator-Sport.html
> >
> >or
> >
> >http://tinyurl.com/6m9dhu
> >
> >It going to be a rough decade...
> >
> >-Craig
> >
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>
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