Tag: Prediction

Abe Lincoln: when “Corporations have been enthroned” a chilling prediction coming true

    I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war. God grant that my suspicions may prove groundless.”

— U.S. President Abraham Lincoln, Nov. 21, 1864

(letter to Col. William F. Elkins)

Ref: The Lincoln Encyclopedia, Archer H. Shaw (Macmillan, 1950, NY)


Bold text added by the diarist

(Note: The authenticity of this quote has been disputed, but I believe it is worthwhile to discuss nonetheless. The link I have provided is my proof of the validity of this quote, but I leave it to you, the reader, to decide.)

Almost 150 years later . . .

More below the fold

I Was Wrong On Bank Nationalization

No one likes to admit that they were wrong. This seems doubly true on here on the great inter-toobs, but the fact is that the Dog was wrong. It is only in one case (at least he is only going to cop to one case right now!) but it is a pretty major issue that we face right now. What is this issue? It is the case for nationalizing failing Banks. When this was first discussed, the Dog perhaps like a lot of others, assumed that we were talking about a complete and total take over of the banking system by the Federal Government. That would be something akin to the Venezuelan government taking over their oil industry.