Dear Mr. Beck;
One notes your claim that you are a libertarian--
1. One who advocates maximizing individual rights and minimizing the role of the state.
2. One who believes in free will.
"Hokey religions and ancient weapons are no match for a good blaster at your side, kid."
"the belief that human behaviour is an expression of personal choice and is not determined by physical forces, Fate, or God," or Free Will.
Much of what you know is predicated upon that which you think you know, The Greeks defined that as Hubris--which is neither here nor there as you earn a living by preying on fear; another tool in the hands of the demagogues who would strip you of all that which you claim to hold so dear--and when it comes down to it what is that but the size of your bank account--the arbiter of your "safety".
"Tonight, America, here is what you need to know. We have got to make a choice. We are either capitalists or we`re not. We either believe in the free market system or we do not. We can`t play both sides."
Progressive Democrats instead favored a reserve system owned and operated by the government and out of control of the "money trust", ending Wall Street's control of American currency supply. Conservative Democrats fought for a privately owned, yet decentralized, reserve system, which would still be free of Wall Street's control. The Federal Reserve Act passed Congress in late 1913 on a mostly partisan basis, with most Democrats in support and most Republicans against it.
In 1999, the Financial Services Modernization Act overturned the Glass-Steagall Act of 1933. The Act effectively barred banks, brokerages and insurance companies from entering each others' industries, and separated investment banking and commercial banking. The law was enacted in response to revelations of gross corruption and manipulation of the market by giant banking houses that organized huge corporate mergers for their own profit, leading to the collapse of the stock market in 1929.
The Wall Street Journal celebrated the agreement to end such restrictions with an editorial declaring that the banks had been unfairly scapegoated for the Great Depression. The headline of one Journal article declared, "Finally, 1929 Begins to Fade."
The unleashed and deregulated financial services sector boomed, bringing us the speculative boom that in turn gave us the temporary budget surplus of the late 1990s and the finance-led booms and busts since then. The hedge fund was not invented in the 1990s, but it was under Clinton that they were transformed into their modern form, with the Clinton White House cheerleading that transformation. In 1998, when the hedge fund, Long Term Capital Management, collapsed, leading to federal intervention, the president established the Working Group on Financial Markets. In February 2000, it concluded that hedge funds needed no regulation.
The General Welfare Clause
"Revolution of 1937."
Hughes prevailed on Roberts to desert the Conservative camp, swing over with him and join the three liberals in declaring the social security cases [Steward Machine Co. v. Davis (301 us 548, May 24, 1937)] Constitutional. [P.56] This Roberts did, and by so doing, took the wind from the sails of the President's court packing plan. It went back to committee and died. one Administration official called the court's action, "the switch in time that saved nine."
This decision said in effect, Congress would no longer be held to enumerated powers but instead could tax and spend for anything; so long as it was for "general welfare."
But the words "General Welfare" in the introduction to the enumerated powers of Article I Section 8 were never intended to be an object for extension of the power to tax and spend; and up until the cases noted above, no court ever so averred.[Appx. 1]
The supreme court surrendered to the new deal on the most fundamental of constitutional issues. "it is scarcely conceivable that Chief Justice Hughes and Justice Roberts... were unaware of the political implications of their move. the President had lost a battle but won a war. In a remarkable series of decisions . ..the Court executed the most abrupt change of face in its entire history..."-
...as tho the nation exists only in the moment of your latest adolescent eruption, that free market you prattle on about--is and always has been, manipulated to suit the needs of the few, not the many. Caesar, Crassus & Pompey--whose petty pauper are you--? Sweet swindles, as they divide the world; as if this nation you whine about actually exists--other than as a faction in the global chaos, and you a sop to the Mob milling about in the forum, Caesar's tame tribune spilling earnest lies.
Oh, how fierce your indignation, at these petty politicians with painted faces, puffing up the Senate steps, papers tucked under their arms, stuffed with peacock wings, and fine wine chilled in the Apennines, bought and paid for, their votes nothing more than an abject acquiesce to the highest bidder in the triumvirate.
Fool, to think your useless prattle matters to the rabid Mob that cares for little more than the next circus or the next sensation in the scheme of things.--
For when the plebs discover that they can vote themselves bread and circuses without limit and that the productive members of the body politic cannot stop them, they will do so, until the state bleeds to death, or in its weakened condition the state succumbs to an invader--the barbarians enter Rome."
(To Sail Beyond the Sunset, 227)
The ebb and flow transcends the antiquated nation state; Caesar conquers Gaul to add to his coffers;--some years later Charles is crowned in Rome; just before Hamlet the Armada runs aground; new monsters roll across the Ardennes redefining the extent of the civilization, and today sit perched on desolate hilltops surveying a bleak landscape, the Last redoubt against the Beast; and you prattle on about "earmarks" which your master decides should be your latest diatribe to put coins in his basket.
Be patient till the last.
Romans, countrymen, and lovers! hear me for my
cause, and be silent, that you may hear: believe me
for mine honour, and have respect to mine honour, that
you may believe: censure me in your wisdom, and
awake your senses, that you may the better judge.
If there be any in this assembly, any dear friend of
Caesar's, to him I say, that Brutus' love to Caesar
was no less than his. If then that friend demand
why Brutus rose against Caesar, this is my answer:
--Not that I loved Caesar less, but that I loved
Rome more. Had you rather Caesar were living and
die all slaves, than that Caesar were dead, to live
all free men? As Caesar loved me, I weep for him;
as he was fortunate, I rejoice at it; as he was
valiant, I honour him: but, as he was ambitious, I
Friends, Romans, countrymen, lend me your ears;
I come to bury Caesar, not to praise him.
The evil that men do lives after them;
The good is oft interred with their bones;
So let it be with Caesar. The noble Brutus
Hath told you Caesar was ambitious:
If it were so, it was a grievous fault,
And grievously hath Caesar answer'd it.
Here, under leave of Brutus and the rest--
For Brutus is an honourable man;
So are they all, all honourable men--
Come I to speak in Caesar's funeral.
He was my friend, faithful and just to me:
But Brutus says he was ambitious;
And Brutus is an honourable man.
He hath brought many captives home to Rome
Whose ransoms did the general coffers fill:
Did this in Caesar seem ambitious?
When that the poor have cried, Caesar hath wept:
Ambition should be made of sterner stuff:
Yet Brutus says he was ambitious;
And Brutus is an honourable man.
What then, my friend? Honor or Ambition? How long will it be before the fables are allowed to die? What will you choose as your newest alcohol? How will you know the difference, in the prison of your delusions? Will you champion Sparta, or sleep with oligarchs in Athens? In the end it will not matter much, your lips pressed against the ass of your latest suitor; nor will you, as he strokes your hair, spinning the web of your newest despair; some new whimperings to delight the drunken mob.
Even so, such pretentious preaching will only serve the mob so long, its addled attention soon drawn off to some new atrocity, your mendacity nothing more than the graffiti scrawled upon the wall--the temple was profaned when Gilgamesh was just a boy, or when Achilles sulked in his tent as Agamemnon fondled Briseis as her father moaned to absent gods. Take your meager knowledge to the market to impress young girls--they are always wide eyed at the sight of Heroes, even when they do not know what they are:
from The Sixth Elegy
The hero is strangely close to those who died young. Lasting
doesn’t contain him. Being is his ascent: he moves on,
time and again, to enter the changed constellation
his risk entails. Few could find him there. But
Destiny, that darkly hides us, suddenly inspired,
sings him into the tempest of his onrushing world.
I hear no one like him. All at once I am pierced
by his darkened sound carried on streaming air.