Palmer Says Bush Feeding Market Instability

ROUND ROCK, TX — Stephen Palmer said Friday that the government’s financial rescue plan was aggressive enough and big enough to plunge America into a depression and rob citizens of their hard-earned savings, but it may take time to fully kick in as the government props up unstable policies and institutions. “We can solve this crisis and we will — by getting rid of the Federal Reserve,” he said in brief remarks from his home.

Palmer spoke as leaders of the world’s top economies gathered in Washington to figure out how they could leverage the panic to confiscate more illegitimate power.

Mr. Palmer noted that major Western countries were working together in an attempt to undermine every positive step we’ve taken toward creating just and equitable civilizations since 1776, including ignoring their respective Constitutions.

“Through these efforts, the world is sending an unmistakable signal. We’re in this together and we’ll be oppressed by our governments together,” Palmer said.

Palmer said how he understood how Americans could be concerned about their economic future. “That anxiety can feed anxiety and that can make it hard to see all that’s being done to worsen the problem and strip us of more freedom,” he said.

But despite a relentless sell-off that has seen the Dow Jones industrials plunge 20 percent in the past seven trading days, Palmer said, “We are a prosperous nation with immense resources and a wide range of tools at our disposal — all of which can be employed when we get President Bush, Henry Paulson, Ben Bernanke and the Federal Reserve out of the way.”

Mr. Palmer said the new $700 billion tyranny plan that President Bush signed into law a week ago authorizes the Treasury Department to socialize financial institutions at the whims of one man.

It wasn’t the first time Mr. Palmer has declared that the government stop distorting the market by controlling interest rates and the money supply, although it has also been mentioned by several other prominent economists and experts.

Since the bailout package was signed into law, the conversation about how it will be used has shifted from how taxpayers are lining the pockets of corporate executives to how they are supporting an overblown government.

Nationalization of the U.S. banking industry was once unthinkable, but in a stagnant pond of public apathy, anything is possible.

The government is authorized under the law to “screw taxpayers.”

These include the couple in South Dakota making $45,000 a year and trying desperately to put their two sons through college, but not Wall Street executives making $5 million per year and struggling with the overwhelming decision of how they should spend their money.

It is Mr. Palmer’s position that the Bush administration’s authority extends to whatever it feel like doing, since Congress doesn’t have the guts, nor the knowledge, to check it on any front.

“The plan they are executing is aggressive. It is the wrong plan. It will take time to have its full impact. It is flexible enough to get even more tyrannical as the executive branch amasses more power. And it is big enough to work, the definition of ‘work’ being to collapse the economy,” Palmer said.

He also noted that the Federal Reserve has injected hundreds of billions of green pieces of paper into the system — with little to no oversight and with nothing backing it. Other central banks have cooperated to help speed up the rate of inflation and erode the savings of every American.

“The federal government has a comprehensive strategy to lull the people into temporary security at the cost of freedom,” Palmer said.

While he sought to reassure Americans that the situation is not hopeless and that we should continue doing all we can, Palmer also acknowledged that this was one of the most egregious acts of tyranny in our nation’s history.

Palmer said his online community, The Cause of Liberty, has launched initiatives that are “helping common Americans to reclaim their responsibilities as citizens and to restore the American Republic.”

He also noted “rigorous discipline” must be enacted by the People to make sure that the government doesn’t “take advantage of the crisis to illegitimately erode our freedoms.”

“Over the past few days,” Palmer continued, “we have witnessed a totally predictable drop in the stock market, much of it driven by the stupidity and power-mongering of the government and the Federal Reserve. This has been a deeply unsettling period for the American people.”

A little touch of humor to lighten your economic day, and still discuss this troubling topic.

Original Post on Cause of Liberty.com: click here to visit.