In 1644 Rev. Samuel Rutherford published LEX, REX, The Law & the Prince to demonstrate that the natural law is above the King, Some 364 years later The Invisible Hand Blog is born after a historic election a Reagan Conservative born in the 60's molded in the Reagan years begins this blog to demonstrate the God given Unalienable rights given to every person by God. God bless the truth and let the truth be raised.
Boys and girls you all know what a banana is, but what if I add the word republic to banana, now can you say "Banana Republic." Now boys and girls can you tell me what nation is the largest "Banana Republic"? Lets look at wikipedia, boys and girls.
compares America's Use of Inflation to devalue China's Assets just as Banana Republics have done:
"Another embarrassing auditor of American misgovernment is China, whose premier has rightly noted the unsustainable trajectory of America's high-consumption, low-savings economy. He has also decorously but clearly expressed sensible fears that his country's $1 trillion-plus of dollar-denominated assets might be devalued by America choosing, as banana republics have done, to use inflation for partial repudiation of improvidently incurred debts."
So Wikipedia, here is another edition to your Banana Republic list, add the United States of America, one thing the USA can embrace proudly, is the fact we are the Largest Banana Republic.
President Barack Obama expects to have "all the pillars in place" this year for a US economic recovery while avoiding the need for new bailout funds for struggling financial firms, he said in an interview published Saturday.
"Our belief and expectation is that we will get all the pillars in place for recovery this year.... We have confidence that working with Congress we can get the pillars of recovery in place," the president told The New York Times. READ FULL STORY
1. Abolition of property in land and application of all rents of land to public purposes. Obama's Pillar: Taking Control of Health Care, Allowing Government to Change terms of Contracts on Mortgages.
2. A heavy progressive or graduated income tax. Obama's Pillar:$250,000 and above over taxed and all itemized deductions taken away.
3. Abolition of all rights of inheritance. Obama's Pillar: CEO pay limited, Continuation of the Death Tax, over taxation of the rich. More to be revealed.
4. Confiscation of the property of all emigrants and rebels. Obama's Pillar: Soon to be revealed.
5. Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly. Obama's Pillar: Takeover of CITI, and secretly loaning Bailout funds to banks. Bailout of FDIC.
6. Centralization of the means of communication and transport in the hands of the state. Obama's Pillar: Obama Hate List, Localization of the Fairness Doctrine. Attacks on anyone who crosses the Obama line; Limbaugh, Cramer, Santelli, Hannity, etc.
7. Extension of factories and instruments of production owned by the state. Obama's Pillar: Nationalization of Sectors, Health Care, Auto Industry, more to come, with the DJI plummeting.
8. Equal obligation of all to work. Establishment of civil army. Obama's Pillar: Required Community Service.
9. Abolition of all the distinction between town and country by a more equable distribution of the populace over the country. Obama's Pillar: Sanford Amendment, if a State refuses Bailout Money. Destruction of the Federalism with Centralized control by the Federal Government, Obama's takeover and control of the Census.
10. Free education for all children in public schools. Obama's Pillar: Do away with Voucher program in Washington D.C., more to be revealed.
Current world events and the economic meltdown are beginning to increasingly resemble the 2,500 year old bible prophecy made by Ezekiel in chapters 38-39. Ezekiel foresaw the rise of Russia (or Turkey, depending on the interpretation) in a coalition with Iran and other Middle Eastern countries (Sudan, Ethiopia and Libya).
The coalition is foretold to attack Israel from the north in a bid to destroy it during the earth's "last days," commonly known as the "war of Gog and Magog (Armageddon)."
Today the AP reports, that the Dean at the Russia's Foreign Ministry School for future diplomats, Igor Panarin is predicting the collapse of USA, Barack Hussein Obama will order martial law (this will probably happen), the U.S. will split into six rogue states before 2011. Russia & China will become backbones of a New World Order. His predictions are in-line with the Anti-American story line of the Kremlin leadership.
"There is a high probability that the collapse of the United States will occur by 2010," Panarin told dozens of students, professors and diplomats Tuesday at the Diplomatic Academy—a lecture the ministry pointedly invited The Associated Press and other foreign media to attend.
The prediction from Panarin, a former spokesman for Russia's Federal Space Agency and reportedly an ex-KGB analyst, meshes with the negative view of the U.S. that has been flowing from the Kremlin in recent years, in particular from Vladimir Putin.
Putin, the former president who is now prime minister, has likened the United States to Nazi Germany's Third Reich and blames Washington for the global financial crisis that has pounded the Russian economy.
Panarin didn't give many specifics on what underlies his analysis, mostly citing newspapers, magazines and other open sources.
He also noted he had been predicting the demise of the world's wealthiest country for more than a decade now.
But he said the recent economic turmoil in the U.S. and other "social and cultural phenomena" led him to nail down a specific timeframe for "The End"—when the United States will break up into six autonomous regions and Alaska will revert to Russian control.
Panarin argued that Americans are in moral decline, saying their great psychological stress is evident from school shootings, the size of the prison population and the number of gay men.
Turning to economic woes, he cited the slide in major stock indexes, the decline in U.S. gross domestic product and Washington's bailout of banking giant Citigroup as evidence that American dominance of global markets has collapsed.
"I was there recently and things are far from good," he said. "What's happened is the collapse of the American dream."
Panarin insisted he didn't wish for a U.S. collapse, but he predicted Russia and China would emerge from the economic turmoil stronger and said the two nations should work together, even to create a new currency to replace the U.S. dollar.
Asked for comment on how the Foreign Ministry views Panarin's theories, a spokesman said all questions had to be submitted in writing and no answers were likely before Wednesday.
It wasn't clear how persuasive the 20-minute lecture was. One instructor asked Panarin whether his predictions more accurately describe Russia, which is undergoing its worst economic crisis in a decade as well as a demographic collapse that has led some scholars to predict the country's demise.
Panarin dismissed that idea: "The collapse of Russia will not occur."
But Alexei Malashenko, a scholar-in-residence at the Carnegie Moscow Center who did not attend the lecture, sided with the skeptical instructor, saying Russia is the country that is on the verge of disintegration.
"I can't imagine at all how the United States could ever fall apart," Malashenko told the AP.
Whatever happens in the USA, just remember World Powers come and go just like Nebuchadnezzar's statue, and the USA is in decline not only morally but economically.
Obama Says USA will rebuild and emerge stronger... Obama vows to increase number of soldiers... Obama vows to seek cure for cancer 'in our time'... Obama says bank bailout may cost more than expected... Obama promises universal EDUCATION THROUGH COLLEGE... Obama promises universal health care...
Obama blames Bush ...
Comrade Obama promises to REBUILD THE COMMUNIST PARTY & EMERGE STRONGER.