Chuck Baldwin: No amnesty for Wall Street

The following is an article by Constitution Party presidential candidate Chuck Baldwin:

At the time of this writing, the U.S. House and Senate are poised to pass a $700 billion bailout to Wall Street. At the behest of President George W. Bush, the U.S. taxpayers are going to be on the hook for what can only be referred to as the biggest fraud in U.S. history.

Virtually our entire financial system is based on an illusion. We spend more than we earn, we consume more than we produce, we borrow more than we save, and we cling to the fantasy that this can go on forever. The glue that holds this crumbling scheme together is a fiat currency known as the Federal Reserve Note, which was created out of thin air by an international banking cartel called the Federal Reserve.

According to Congressman Ron Paul, in the last three years, the Federal Reserve has created over $4 trillion in new money. The result of all this “money-out-of-thin-air” fraud is never-ending inflation. And the more prices rise, the more the dollar collapses. Folks, this is not sustainable.

Already, Bear Stearns was awarded a $29 billion bailout, followed quickly by the bailout of Freddie and Fannie that will cost the taxpayers up to $200 billion. Then the Fed announced the bailout of AIG to the tune of $85 billion. Mind you, AIG is an enormous global entity with assets totaling more than $1.1 trillion. Moreover, the Feds agreed to pump $180 billion into global money markets. And the Treasury Department promised $50 billion to insure the holdings of money market mutual funds for a year. Now, taxpayers are being asked to provide $700 billion to Wall Street. (I hope readers are aware that, not only will American banks be bailed out, but foreign banks will also be bailed out. Then again, at least half of the Federal Reserve is comprised of foreign banks, anyway.) In other words, the Federal Reserve is preparing to spend upwards of $1 trillion or more. Remember again, this is fiat money, meaning it is money printed out of thin air.

All of this began when the U.S. Congress abrogated its responsibility to maintain sound money principles on behalf of the American people (as required by the Constitution) and created the Federal Reserve. This took place in 1913. The President was Woodrow Wilson. (I strongly encourage readers to buy G. Edward Griffin’s book, The Creature from Jekyll Island.) Since then, the U.S. economy has suffered through one Great Depression and several recessions—all of which have been orchestrated by this international banking cartel. Now, we are facing total economic collapse.

But don’t worry: the international bankers will lose nothing—not even their bonuses. They will maintain their mansions, yachts, private jets, and Swiss bank accounts. No matter how bad it gets on Main Street, the banksters on Wall Street will still have the best of it—President Bush and the Congress will make sure of that. This is one thing Republicans and Democrats can agree on.

America’s founders were rightfully skeptical of granting too much power to bankers. Thomas Jefferson said, “If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.”

Jefferson also believed that “banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”

Daniel Webster warned, “Of all the contrivances for cheating the laboring classes of mankind, none has been more effectual than that which deludes them with paper money.”

Webster also said, “We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no, Sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors, and a ruined people.”

Our first and greatest President George Washington said, “Paper money has had the effect in your State [Rhode Island] that it ever will have, to ruin commerce—oppress the honest, and open the door to every species of fraud and injustice.”

If George W. Bush, John McCain, or Barack Obama had any honesty and integrity, they would approach the current banking malady in much the same way that President Andrew Jackson did. In discussing the Bank Renewal bill with a delegation of bankers in 1832, Jackson said, “Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”

What President Andrew Jackson said to the bankers in 1832 is exactly what an American President should say to these criminal international bankers today. But what George Bush, John McCain, and Barack Obama want to do is provide amnesty for the international bankers, just as they want to provide amnesty for illegal aliens. I say, No amnesty for Wall Street, and no amnesty for illegal aliens, either. Instead of sending these banksters on extended vacations to the Bahamas with millions of taxpayer dollars in their pockets, we should be sending them straight to jail!

The only way to fix this economic mess that the international bankers have created is to return America to sound money principles, as prescribed in the U.S. Constitution. This means dismantling the Federal Reserve and the Internal Revenue Service, overturning the 16th Amendment and the personal income tax, and returning the American monetary system to hard assets: gold and silver. Anything short of this will only delay and worsen the inevitable collapse that has already begun.

*If you appreciate this column and want to help me distribute these editorial opinions to an ever-growing audience, donations may now be made by credit card, check, or Money Order. Use this link:

*Disclaimer: I am currently a candidate for President of the United States on the Constitution Party ticket. My official campaign web site is located at:

© Chuck Baldwin

This column is archived as

23 Responses to “Chuck Baldwin: No amnesty for Wall Street”

  1. paul Says:

    it’s like deja vu all over again

  2. Seeing double Says:

    I’ve seen this before somewhere. I wonder where that was?

  3. Jonathan Says:

    I guess they want to push Baldwin down our throats

  4. Donald R Lake Says:

    Not ‘bad’ for a BobBarr08 site.

  5. RobertD Says:

    good use of the word ‘breadstuffs’ kudos.

  6. Max Says:

    The article that’s so nice they had to put it on the front page twice!

  7. Joseph Marzullo Says:

    I’m so tired of protectionist Baldwin. I hope someone shoots that bible thumping homophobe in the face

  8. Jonathan Says:

    No smearing Joseph, here is my article on smearing:

  9. Joe Says:

    Baldwin has also made a central talking point of his campaign his
    intention to pardon and release two convicted government bureaucrats
    who shot an unarmed man in the back and left him lying in the dirt
    while they went to cover up their crime.

  10. Don Grundmann Says:

    ” Joe Says:

    October 2nd, 2008 at 6:09 pm
    Baldwin has also made a central talking point of his campaign his
    intention to pardon and release two convicted government bureaucrats
    who shot an unarmed man in the back and left him lying in the dirt
    while they went to cover up their crime.”

    Response - This is a outright lie. Ramos and Campeon were set up and prosecuted to send a message to the border agents that they should not do their job or else. Chuck Baldwin is working to stop the government corruption, via the corrupt U.S. Attorney, which set up these 2 agents to make a example of them.

    Don Grundmann Vice-Chairman American Independent Party of California

  11. Joe Says:

    Their job is to shoot an unarmed man in the back and leave him lying in the dirt while they go to cover up their crime? They should have gotten a different job. But since they didn’t, here’s hoping they are in general population with lots of immigrants and no special protection, and stay there for their full sentence.

  12. Don Grundmann Says:

    ” Their job is to shoot an unarmed man in the back and leave him lying in the dirt…”

    Response : Another outright lie. 1) They thought he had a gun. 2) He ran away. They did not leave him ” lying in the dirt.” 3) They fired in defense of their lives.

    Don Grundmann Vice-Chairman American Indepedent Party of California

  13. Joe Says:

    Nice cover up for their crimes. They “thought he had a gun” so they shot him in the back. What a bunch of scumbags. I’m glad they are in prison. I hope they rot there.

  14. Gary Baumgarten Says:

    Chuck Baldwin will be my guest on News Talk Online on Tuesday Oct. 7 at 5 PM New York time.

    Please go to my blog at and click on the link to the show to talk to him.


  15. Cody Quirk Says:

    Their job is to shoot an unarmed man in the back and leave him lying in the dirt while they go to cover up their crime?

    = The man happened to be a drug dealer. The same type of people that attack Border Patrol agents.
    Another thing is that the Mexican government also coerced the witnesses against the Agents.

  16. Joe Says:

    So what if he was a marijuana dealer? Not a valid reason to shoot him in the ass.

    Marijuana should be legalized, just like “illegal” immigration.

    Scumbags. Keep ‘em in jail.

  17. Clark Says:, joe!..

    ...apparently many republicrat/con. party idiots STILL can’t get it through their thick republicrat/ skulls that their fucking ‘drug war’ does MUCH fucking harm and absolutely no good!..

    ...methinks you drug warriors are either fucking scum and/or merely stoooooooooooooooooooooooooooooooooooooooooooooooooopid… take your pick!..

    ..and i sincerely hope you fucking republicrat ‘drug warriors’/prohibitionists have a much-deserved rotten day..the rest of you, have a good day!..

  18. Clark Says:

    ...although joe i believe your use of the term ‘legalized’ is wrongheaded.. seems to me ‘all laws/statutes/etc. interfering with the
    OBVIOUS unalienable right to self medication/ingestion are fraudulent…

    ..these stoooopid, destructive, ‘drug laws’ ought to be REPEALED..

    ...i surely don’t want these stooooopid republicrats making new laws ‘hereby legalizing’ anything!..(as if these republicrat shit-heads ever had any honest justification, jurisdiction, etc. to make them ‘illegal’ in the first place!)

  19. Mark Seidenberg Says:

    Don Grundmann has not been an officer in the American Independent Party since September 2, 2008. He is giving out more disinformation.
    The last office he held was a National Committeeman, but he has never
    been the Vice Chairman of the American Independent Party. In fact Jim
    King, according to a minate order issued by the Superior Court in Sacramento asseverated that he is the Chairman of an organization known
    as the “Amerian Independent Party”. Maybe, Don Grundmann also claims
    he is the Vice Chairman of the “Amerian Independent Party”. Don Grundmann was an active delegate to the convention of the American Independent Party held in Sacramento, CA on July 5, 2008. I should know
    because I was elected chairman of that AIP convention.

    Let’s elect Alan Keyes the next President of these United States.

    Sincerely, Mark Seidenberg, Vice Chairman, American Independent Party.
    Party Convention held

  20. Don Grundmann Says:

    The bottom line for Mark Seidenberg is that he is a outright liar and a Republican operative who; working with Alan Keyes, Mark Robinson, Ed Noonan, and Tom Hoefling; is dedicated to destroying the Constitution Party and hence any 3rd party challenge to the Democrats or Republicans; i.e.; the political parties of the money powers who are swinding our nation and cheating our citizens even more now than they already have to this point. Alan Keyes is a fake and a liar. The only intention of his ” campaign ” was/is; as with Seidenberg et al.; to betray the nation by knocking out opposition to the corruption of the money powers. Keyes, Seidenberg, and all of their fellow cohorts, are corrupt to the bone and traitors to the nation. They are political perverts and rapists who betray the nation for their 30 pieces of silver.

    Don Grundmann Vice-Chairman American Independent Party of California

  21. lou Says:

    When theocrats collide!

  22. lou Says:

    I should say when xenophobic know-nothing theocrats collide

  23. 4NIC8 Says:

    We have a homosexual Christ Killer, squaring off with a smarmy little nazi quackapractor, now there’s news.

Leave a Reply