The Slippery Slope Of Government Banking

As you all know, the government is hell bent on stepping in and bailing out the banks that are going under. These are banks that didn't deal under the smartest of terms, and suffered humongous losses accordingly.

I mentioned back when this first came out about how i felt that this is was going to be used as a bad situation in which they can take over the banks. And i also said that this would not stop, until the government has full control of the banking system. This government of ours wants nothing less than absolute control of this country and everything in it. So they will use every opportunity to take control of a part of the market. And with each part of the market that is under their control, it is one more piece of this country that they have ownership of it.

Well on Bloombergs website today there is a story. One that opened my eyes to a possibility of how the government control will expand.

"The failure of IndyMac Bancorp Inc. and seven other banks this year may erase as much as 17 percent of a government insurance fund and raise premiums for all banks, from Franklin National of Minneapolis to Bank of America Corp."

So since the government "had" to bailout the banks, it is using up a good percentage of its insurance funds to pay for these endeavors, and increasing the insurance rates on the rest of the banks. Now raising the rates, especially in these economic times, will put the banks in more of a financial crunch. This increased financial crunch will in turn push more banks to the brink of failure. Now will the government let this new round of bank failures happen. No, they will bail them out. Which will cause more insurance money to be spent. Which will mean that insurance rates will raise for banks. As you can see this will happen over and over until there are no independent banks left, all government owned. This will also put us into more debt, which means they will raise our taxes, and each round will take more money from us. To the end of us not having much money left.

Some might call this a conspiracy theory. But it is a definite possibility.

Viva Liberty!