Today the stock market dropped some 800 points.
This after all the pontification from Washington as to how the "not really a bailout" was going to solve the banking problem.
It did not.
Now California has its hand out, New York has its hand out, Massachusetts has its hand out and state after state will soon follow.
In the process, more institutions will begin to beg for money.
After all, $700 Billion (more likely $1.
65 Trillion) has just been printed by the Fed (not the US Treasury) the FED! The dollars buying power diluted by who knows what measure.
God condemns those who do not repay in equal measure or short change any person whether it be in weights, volumes, or money.
It all goes back to character and accountability.
Everyone boldly proclaims with the bald face lie "It's not my fault.
" When you take personal moral accountability out of peoples lives this is the result.
It starts with just one little indiscretion.
Someone gets tired of getting married and says I do not want to do this anymore and files for divorce.
A couple, whether married or not, creates a new life and says I don't want to do this anymore and terminates one of God's creation.
Those whom we used to call Peace Officers, someone we could look up to, no longer want to be Peace Officers, they want to be Law Enforcement Personnel and they don't care whether to law is Constitutional or not, they just want to enforce it so it will increase their budget and salary and without one ounce moral turpitude.
They go to the legislatures and ask for more laws so they will justify more personnel to enforce more draconian measures on an unsuspecting public.
And yet, if you watch, and it does not have to be very closely watched because they are so blatant about it, they are the greatest habitual violators in any community.
They are no longer a group deserving of respect.
The government steps in and says don't worry about this or that just let us take care of you.
Do not pay attention to what is right or wrong we will call it a "Living Constitution" and change it to make you feel better.
When you do not have one set of rules for every person and every generation, you have anarchy.
It is the result of a "Living Constitution".
God says don't and the government says oh that is okay we will take care of you.
I fear we have tipped the scales to the point that this bailout will create a cash slide that may be irreversible.
If you want stability in your life, God can provide it, government cannot.
Fiat money ultimately destroys every economy it has every touched and this one is no exception.