Will Grigg?s Liberty Minute

October 9, 2008

The Federal Reserve, which serves as the official counterfeiting arm of the Regime that rules us, has announced it will buy up huge amounts of commercial short-term debt .

This means that in addition to bailing out investment banks and mortgage lenders, the Federal government will now bail out commercial banks, large private businesses, and city governments.

Foreclosure-ridden California, which is ground zero for the housing bust, is in a severe budget crisis and will shortly ask for a federal bailout. Other states will soon follow suit.

All of this will generate sharp spikes in the rate of inflation, which is already ravaging millions of American households.In New York, gas and electricity shut-offs for non-payment have grown by 17 percent over last year; the rate has increased by 22 percent in Michigan, and significant increases have been tallied in Pennsylvania, Florida, and California.

This winter, socialism for the rich will mean frigid hardship for the poor.

Let us take back the liberty wherewith Christ has made us free.