Legendary investor becomes a farmer, U.S. obsession with reviving credit misdirected, Bernanke blames AIG for irresponsibility, and former Countrywide executives take advantage of government bailout programs…just the latest in your Freedom Under Fire Report!

Everyday our liberties and freedom come under fire. The American Republic once protected its citizens from arbitrary abuse, extortion, and deliberate social engineering. Now the very same public servants who were meant to work for us connive daily on how to control our lives. The Republic is gone and we are left to fend for ourselves, to put up resistance to every encroachment on individual self-determination. The Freedom Under Fire Report provides daily coverage of the most important issues, so that you remain informed and ready to defend yourself. Read on and pass this around to everyone you think could benefit:

Jim Rogers Becomes a Farmer. Legendary commodities investory, Jim Rogers, has turned to farming. Not personally, of course, but he is the director of two funds that are buying greenfield in Brazil and existing farms in Canada and starting to farm it. The funds are clearing the land, fertilizing, irrigating it, and hiring farmers. “If I’m right, agriculture is going to be one of the greatest industries in the next 20 years, 30 years,” says Rogers. According to Rogers, food inventors are at a 50 year low.

U.S. Obsession with Reviving Credit Markets is Misdirected. President of Euro Pacific Capital Peter Schiff decomposes Obama’s economic beliefs and explains how the White House obsession with restoring credit markets is misguided. Schiff argues that credit ceased flowing for good reason-”there was no more savings left to loan.” He notes that credit is only made possible with savings, and to allocate disproportion national wealth to stimulating artificial consumption without prerequsite savings is a recipe for disaster.

Bernanke Blames AIG for Irresponsibility. Federal Reserve Chairman Ben Bernanke faced harsh criticism while testifying before the Senate Budget Committee, whose members grilled him on wasting so much taxpayer money bailing out American International Group (AIG). Despite the enormous government handouts, the insurer continues to post record losses. Rather than take responsibility for giving other peoples’ money to a dying institution, Bernanke went on the defensive and blamed AIG for reckless behavior.

Former Countrywide Executives Take Advantage of Government Bailout Programs. As hundreds of billions of dollars frow from Washington to jump-start the nation’s staggering banks, automakers, and other industries, a new economy is emerging in businesses that hope to make money from various government programs. They include contractors who are supplementing the labor of overworked government bureaucrats, big investors who are buying up failed banks taken over by the federal government, and lobbyists helping businesses receive a chunk of the bailout money. Countrywide’s former President, Stanford L. Kurland, and his team of former executives have been buying up delinquent home mortgages that the government took over from otherfailed banks, sometimes for pennies on the dollar.

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