Without firing a shot, the socialists took over America today when Congress passed the $850 billion bailout package. Most Americans slept through it all and probably won’t realize what happened for years.

Backwoods Home Magazine will, ironically, benefit because Americans are going to have to be more self-reliant than ever. The magazine has just become the best buy in town when it comes to Americans spending their soon-to-be scarce dollars. I didn’t want to get rich this way, but I guess it doesn’t really matter. The all powerful Government will soon tax most of it away anyway and we’ll all be working for pennies.

But what the heck! Wall Street and the banks will be making money, right. At least for six months to a few years. With the Government’s new powers to control what we used to call capitalism, the politicians can float their friends on Wall Street for quite a while. The rest of us, unfortunately, will have to be hunkered down with back issues of BHM trying to figure out how to be more frugal with what money is left over for us.

It’s been fun being a free capitalist all these years. Too bad it had to all end today. Click here to subscribe to BHM so you can prepare for a grimmer future.

Here’s how members of the House of Representatives voted today to pass this nation-changing legislation.

Well, shortly after sundown today, our Congresscrooks, starting with the Senate tonight, will begin voting to send us into an economic Depression by bailing out banks that should be allowed to fail. Their only alternative to voting for this new porked-up $700 billion bailout is to vote against it, let the banks fail, and allow the country to suffer through a brief - maybe one year — recession. But I don’t think they’ll do the latter because they’re up for reelection Nov. 4, and they care more about their jobs than they do about the country. Plus, many congresscrooks are too economically stupid to do anything but follow lockstep behind the congressional leaders who are whipping them into a herd like they are so many dumb cows.

What congressional leaders have done for this evening’s vote is to add porkbarrel spending to the bill so that wavering congressmen can suck down a little more Government money. That should get them to vote for this bad bill, the leaders figure. What a sorry day for America if this passes. Big Government will be much bigger and our individual freedoms will be much smaller. If the bill passes, our financial future as a country will appear to be better temporarily, but it will actually have taken a tremendous body blow.

If the bill passes, look forward to big financial inflation in your future. The only way the Government will be able to pay its bills will be by printing more money. For those of you about to go into the social security system, look to a financial future of bleakness. Someday soon the Government will start slowing your cost-of-living increases as it inflates the money supply. It will have no choice, and those younger voters of the future will demand it. You’re all doomed to poverty.

Look for prices of all sorts to go up. As the value of the dollar plummets, most things will cost more. The staples of life, such as food, will be severely affected. Electronics should be okay because they benefit from continuing innovation and improved techniques of manufacture, but food prices will not. Food is adversely affected by inflation, plus Government programs that encourage things such as ethanol production will take farm land out of production, putting even more pressure on food prices.

I went out over the weekend and bought a lot of food and supplies to weather the coming Depression and inflation of prices. That’s my immediate personal strategy. The next three issues of Backwoods Home Magazine will concentrate on the emerging Depression and give you strategies about how to cope. If you think you could use such advice, click here to subscribe. Also, click here to immediately begin reading some articles that will help you plan for what’s coming.

Here’s an interesting interview from today of Congressman Ron Paul by Fox’s Neil Cavuto. Paul would be a good President, but his own Republican party treats him as an outsider because he doesn’t play the Demopublican game of Swindle the Taxpayer.

Well, the American people have defeated the politicians — at least for now — on this bailout heist. I hope we keep fighting and stop any more attempts at bailouts. I feel proud of my country today. We’re not so stupid afterall. But Pelosi and Bush and their comrades will try again. The fight is not over.

But don’t forget that the economy must go through a correction stage. We’re in a recession and it will get much worse before it gets better. Stock up on food and other items that could go up in price in an inflationary recession, which is what we’ll likely get. The dollar is weaker than hell, and it will get a lot weaker. Read all our articles on the website about stocking up. This isn’t Y2K this time; this is for real!