Who Benefits From the American General Bailout? As Corporations Take Government Bailout Money, a New Era of Fascism Emerges Where Sovereign Nations Succumb to Globalism.

The amount of money allocated for the American general bailout has reached staggering proportions.

The theory behind this massive taxpayer lifeline thrown to Wall Street is that, ultimately, consumers will once again be able to get and maintain credit.

This credit, theoretically, will be used to fund the spending that drives capitalist economies.

The problem with this theory is that the global financial crisis was fueled by a large excess of both credit and debt, doled out recklessly across a broad spectrum of people.

The American General bailout simply adds more of the same and will certainly saddle future generations with a burden of debt from which will be nearly impossible to recover.

The mistakes of today’s lusty, greed-fueled financial barons serve to hinder the future growth of economies everywhere, and the treasury-board bureaucrats in the United States and the central bankers of the world see no other option. This is all a part of one banking mafia.

The banking mafia is a group of the world’s wealthiest individuals descended from British and European royal bloodlines that offers credit to approximately 97% of the world’s money supply.

Currently, most nations accrue the debt of the credit lent by this elitist group of families.

They charge exorbitant interest numerically impossible to repay and thereby maintain our enslavement to a false value system.

Also, the banking mafia owns governments and politicians, the media and most major businesses.

Money will be manufactured to fuel more loans and debts, and the government of the United States is now in a position to hold the mortgages of the future.

This seems to be the ultimate conflict of interest. On one hand, the government is designed to protect its citizens by regulating the flow of goods and services and controlling markets to offer the safest place possible for Americans to invest or borrow money.

On the other hand, the government will now seek to profit off its citizens in ways never thought possible in decades past.

On might argue that with this financial bailout, paid for with taxpayer money, the same taxpayer now effectively owes the government the interest on the mortgage the government paid for with their tax dollars.

American General Bailout is Unconstitutional

An interesting article by George Will published in the Washington Post in early 2009 poses the argument that the Emergency Economic Stabilization Act of 2008, the legislation that authorizes the $700 billion lifeline, is unconstitutional.

Will argues that Congress passed the discretion with which these billions will be doled out directly into the hands of the government’s executive branch.

This is a direct violation of the Vesting Clause of Article I of the Constitutions which states, “All legislative powers herein granted shall be vested in Congress.”

To place all control of the bailout money in the hands of the president and his executive branch eliminates the theory of separation of powers the Constitution implies and removes the explicit limitations that are to be placed on the discretion of the executive branch.

There are many times in history when we’ve seen the executive branch abuse the limitless powers afforded it by Congress.

Consider the military spending scandals and corruption that materialized during the Second World War when Congress afforded the executive branch carte blanche with taxpayer dollars.

Bringing a Sense of Realism to Our Economies

Despite considering the American general bailout as unconstitutional or realizing the massive hole it places our future generations in, we must look at the fact that our economic system has been for too long unsustainable.

This system relies on spending and borrowing beyond our means, though it never began this way. Borrowing used to be a last resort for families.

They would save their money for years in order to take on a minimal mortgage when they purchased a home.

They would then work tirelessly to pay the mortgage off as soon as possible.

If they couldn’t afford a car, it remained at the sales lot. If they wanted a television or new refrigerator, money was put aside until there was enough to pay for it.

In recent years, people have been conditioned to believe they deserve the lifestyle they want regardless of the cost.

Creditors were all too happy to fuel this belief and people who should never have received loans, credit cards or mortgages were given them despite their lack of ability to pay.

The only way to correct this situation is to revert back to a sensible and modest lifestyle that is not beyond our means so that the banking mafia does not enslave us.

We should not need an American General bailout. It actually enslaves us more.