Friday, January 25, 2013

Over at Zero Hedge, there is a disturbing article about what seems to me to be a terrible abuse of power by our government against those who point out just how bad of a job this administration is doing managing the economy.  Acting just like Chicago thugs, but with all the power of the federal government behind them, shouldn't surprise us, I guess.  It does seem like a craven abuse of the offices of our government that are supposed to protect us, not abuse.   Is there any question that this administration and it's goons would do the same to us in an instant if they thought that they needed to?

  "Early in the 4th century, Emperor Diocletian issued an infamous decree to control spiraling wages and prices in the rapidly deteriorating Roman Empire.
As part of his edict, Diocletian commanded that any merchant or customer caught violating the new price structures would be put to death.
This is an important lesson from history, and a trend that has been repeated numerous times. When nations are in terminal economic decline, governments will stop at nothing to keep the party going just a little bit longer.

As with any good scam, the government must maintain public confidence.  The moment someone says ‘the Emperor has no clothes,’ that shallow, fragile confidence will come crashing down and expose the scam.Dissent must be vigorously and swiftly pursued.
So when S&P finally downgraded the US one notch in August 2011, the SEC and Justice Department announced that S&P was under investigation, just two weeks later.
Egan-Jones, a smaller rating agency, has been even more aggressive, downgrading the US credit rating three times in 18 months. And while the federal government may not have imposed Diocletian’s death penalty, they are just as willing to squash dissent.

In the case of Egan-Jones, the SEC brought administrative action against the agency within two weeks of their second downgrade. And a few days ago, the case was settled.

I’m sure you have already guessed the ending: Egan-Jones is banned from for the next 18 months from rating US government debt. They’ve effectively been silenced from telling the truth.
The lesson here is obvious. Just as in Roman times, bankrupt nations today will stop at nothing to keep up the scam just a little bit longer.
Given that all this is happening at a time when Congress is voting to suspend the debt ceiling entirely, these actions are the clearest sign yet of just how desperate the government has become."

Indeed, a desperate and cornered Chicago thug is capable of any crime.  Good thing we still have our guns, isn't it?

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