SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: westpacific who wrote (9857)11/27/2002 11:26:40 PM
From: westpacific  Read Replies (1) | Respond to of 89467
 
Part 2

1 Corinthians 7:23 says: "You were bought at a price; do not becomes slaves of men."

It was upon this premise that our Founders drafted the Declaration of Independence, our Constitution, and the Bill of Rights. At the Constitutional Convention (1787), Benjamin Franklin declared:

"We have been assured...in the Sacred Writings, that except the Lord build the house, they labor in vain that build it."

Our duty as a nation was eloquently stated by George Washington: "Whereas it is the duty of nations to acknowledge the providence of Almighty God, to obey His will, to be grateful for His benefits, and to humbly implore His protection and favor..."

Abraham Lincoln recognized this as well:

"It is the duty of nations, as well as of men, to owe their dependence upon the overruling power of God, and to recognize the sublime truth announced in the Holy Scriptures, and proven by all history, that those nations only are blessed whose God is the Lord."

In 1892, the Supreme Court recognized:

"Our laws and our institutions must necessarily be based upon and embody the teachings of the Redeemer of mankind. It is impossible that it should be otherwise...:"

What would be the reactions to such statements made today? Outcries of "separation of church and state"? Contrary to what is often said, this phrase will not be found in the Constitution.

The foregoing statements attest to the principles which established our Constitutional Republic. Are the difficulties confronting America today the result of disregarding the wisdom and the warnings of our Founders?

Norman Thomas, for many years the U.S. Socialist Party presidential candidate, stated:

"The American people will never knowingly adopt socialism. But, under the name of liberalism, they will adopt every fragment of the socialist program until one day America will be a socialist nation without knowing how it happened."

We have often heard many debates and discussions about the nation's debt. But who benefits from the $800 million per day interest on the national debt? James 5:3 says: "You have hoarded wealth in the last days."

Who is James referring to? Does this have anything to do with the "New World Order"?

1. What are its goals?
2. Who is promoting it?
3. How much power and influence do they have?
4. How close is it?

Consider these words spoken by James Madison in 1788 as the story unfolds:

"I believe there are more instances of the abridgment of the freedom of the people by gradual and silent encroachments of those in power than by violent and sudden usurpation."

For centuries, international bankers have enjoyed a lucrative business by financing governments, and command considerable influence in the policies of such governments. Repayment of these loans could usually be guaranteed by the indebted government levying taxes upon its people. If a king or government could not or would not repay its loans, its enemy or rival would be financed. The business of financing wars was very profitable.

As the wealth of these private banking empires increased, they eventually owned, as private corporations, the various central banks of Europe. Predominant among these was the House of Rothschild, with banking houses in major European capitals. Their seat of power was located in London, through control of the Bank of England. By loaning more paper into circulation than gold to back it (fractional reserve banking), they were able to amass fortunes. Some historians contend that by 1850, the House of Rothschild had more wealth than the combined monarchies of Europe.

What better way to expand economic control than by financing Europe's colonization? And what better prize was there than America, with her industrious people and vast resources? The War of Independence was not only independence from English rule, but economic independence as well. Our Founders drafted the Constitution so that only Congress had control over our monetary system, unlike the private monopolies controlling European economics. Thomas Jefferson issued this warning:

"If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."

In 1792, contrary to Jefferson's warning, Alexander Hamilton established a 20 year charter with the Bank of England. When the renewal was denied in 1812, war broke out again. The charter was renewed in 1816. In 1833, President Andrew Jackson removed all moneys from this chartered bank and placed them into state banks. Mexico invaded Texas in 1836 after the renewal was again denied. Some historians say these wars were attempts by the European banking monopolies to disrupt and control America's economy. The Civil War continued this pattern. Abraham Lincoln said:

"The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, (and) more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe...corporations have been enthroned, and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few, and the Republic is destroyed."

By the end of the 19th Century, American industrialists and bankers, through the Industrial Revolution, had achieved great wealth. An excellent account of this is Matthew Josephson's 1934 book, entitled "The Robber Barons; the Great American Capitalists 1861-1901~(by Matthew Josephson, Harcourt, Brace and Co. New York 1934; available secondary market).



To: westpacific who wrote (9857)11/28/2002 1:20:50 AM
From: SOROS  Respond to of 89467
 
What a difference it makes when you buy and sell. PUMA is a great sample.

Buy early 1999. Sell early 2000. Make 10 TIMES your money.

Buy early 2000. Sell early 2001. Lose 90% of your money.

Buy early 2001. Sell late 2001. Lose 50% of your money.

Buy 3rd quarter 2001. Sell late 2001. Double your money.

Buy late 2001. Sell 3rd quarter 2002. Lose 90% of your money.

Buy Sept/October 2002. Sell November 2002. Make 7 TIMES your money.

Interesting the 1999/2000 guy was buying at about $10 and selling at about $100, while the Oct. 2002/Nov. 2002 guy was buying at about 20 CENTS and SELLING at about $1.40

Most interesting is the "buy and hold" strategy. You know, the long-term investors that CNBC, the financial industry, wallstreet, and the media keep brain-washing and telling everyone that they should be. Buy early 1999 and hold through today (you even get that 7-fold rise of the past 6 weeks!) -- LOSE 90% of your money. And let's not forget the ones who bought at the peak because these same financial/wallstreet/brokers/analysts/CNBC media/government types TOLD THEM TO!!!!!!!! LOSE 99% of their money.

Oh, I forgot. We're in a new BULL market. PUMA should be back over $100 within a few months.

I remain,

SOROS