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Dodd: US financial system near meltdown
Press TV
Saturday, September 20, 2008
The US may be days away from a complete catastrophic meltdown of its financial system, says Senate Banking Committee chairman Chris Dodd.
“I’ve been here 28 years. To listen to the language of last evening, we maybe days away from a complete meltdown of our financial system,” AFP quoted Dodd as saying while referring to the late Thursday meeting of the US Congressional leaders with the US Treasury Secretary Henry Paulson and the Federal Reserve Chairman Ben Bernanke.
Senator Dodd noted it was “one of the rare moments, certainly rare in my experience here, that Democrats and Republicans decided we needed to work together, quickly.”
“We’re talking hundreds of billions,” Paulson said ahead of talks with Congress on details of the massive rescue effort, unveiled initially late Thursday.
(Article continues below)
Stunned by the depth of the economic meltdown of the US financial institutions, Congressional leaders pledged a quick vote on the rescue plan.
“I figure it will be at least half a trillion,” Richard Shelby, the Ranking member of the Banking Committee, Housing and Urban Affairs Committee, told ABC news network.
“But if you look at what the Fed has already done, and the extension of power to Treasury to deal with Fannie Mae and Freddie Mac, I believe we’re talking about a trillion dollars,” he added.
US President George W. Bush has admitted confidence in the US economy has been shaken as he promised more tax dollars to save Wall Street from bad debt.
“Confidence in our financial system and in its institutions is essential to the smooth operation of our economy, and recently that confidence has been shaken,” he said
The government plan provides an immediate $50 billion to shore up strained financial markets. A state-sponsored organization will then be given hundreds of billions more in government money to buy up bad debt accumulated over years of unregulated lending by the US financial services sector.
The Fed has spent hundreds of billions of dollars in the past year to stabilize the financial markets, including $180 billion swap lines extended Thursday to five other major central banks.
Early September, the Treasury Secretary announced that the government was seizing control of ailing mortgage finance giants Fannie Mae and Freddie Mac that supply almost half of all mortgages in America to prevent a collapse that would have seriously damaged the world economy.
Last year these two mortgage companies’ sustained losses of more than $14 billion, as so called ’sub-prime’ homeowners defaulted on their mortgage repayments. The bailout of these two financial institutions could cost up to $200 billion.
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60 Responses to “Dodd: US financial system near meltdown”
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September 20th, 2008 at 4:54 am
This covers some topics we need to get out…
http://ca.youtube.com/watch?v=Vv3yuRdD2oE
September 20th, 2008 at 5:31 am
Wait a minute! We’ve been told for years that “everything is fine” and the “fundamentals are sound.” We were also told “we’re benefiting from NAFTA and the global economy”. After all of these assurances we’re now finding that “we’re days from a financial meltdown”. How did we go from “everything is fine” to “meltdown”? How did we go from “small bailouts” to ones costing “trillions”. Where will the money come from? If our elected leaders weren’t telling the truth then, are they telling it now? What other skeletons are in the closet? What will their price tag be? The Apostle Paul warned, “Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.” (Galatians 6:7). The lies and greed that were sown are now bringing a bitter crop.
September 20th, 2008 at 5:34 am
Man i can feel it in the air. complete and total collapse. for all you centcom, nsa, new world order, Bought and paid for front men who supported this corrupt system get ready to feel what you were part of. The total collapse of america and possibly the world. all the money you sold out for wont get you shit. No stores, no food, no gas, no nothing. you’re here in hell with all of us. There will be human cannibalsim within 10 days if theres no stores, no food to get. i hope all you who giggled and laughed at all this and thought it was a “conspiracy” finally wake up. Get ready to defend your mansions from gangs of hungry fluorodated small brained monsters.
September 20th, 2008 at 5:53 am
I think Paulson gave Dodd and the rest of the doddering Congress critters the worst possible scare scenario and warned them that the American people would blame Congress if Dodd and company didn’t heel over and hand the whole government and its tax base over to the financial elite, which they did. Dodd showed the usual cowardice of our supine Congress – they won’t be blamed for this, oh no!
So this gives them cover for the future when this whole plan actually makes things far worse. Congress will say – don’t blame us, we did what we were told to do! Blame the financial elite! Where will the financial elite be then – off in the Caymans enjoying their ill gotten gains and laughing at the rest of us.
September 20th, 2008 at 7:13 am
I am a retired firefighter. I worked in a large US city.
I would like to relate a story, a truthful one, from my years as a firefighter.
There was a man who lived in a very depressed area of the city in which I worked. They use to be called ghettos.
This man would burn his trash each week on the ground next to his home. He could have put it out for collection each week, but seemingly chose to burn it instead.
After a few weeks of “responding” to his home to put out the fire (we were called by his neighbors or a passing patrolman)?
I decided to ask this man why he was burning his trash instead of putting it at the curb for collection.
He replied that he could not afford to buy a refuse container or plastic trash bags. He stated that he even went to city hall and they refused to give him trashbags.
There are numerous moral stories that come to mind in my relating this story, but the one now most relevant?
Why is wall street able to go to the US government and not only get trash bags, but bags full of cash?
September 20th, 2008 at 7:35 am
This all smells very, very fishy… is a TRILLION enough? I doubt it. Then American citizens get the final BILL for the greatest FRAUD in history of the world. It changes everything in America forever, banking, control, debt, place in the world, our independance to dependance. And to do WHAT—save the money for gangs of racist crooks who broke the system knowing full well what their crimes would bring. THIS IS ALL HAPPENING TO FAST, the American citizen is getting the bumb’s rush to save gangs of crininals. WHY NOT TURN IT AROUND and TAKE the illgotton gains these crooks have pilled up by the trillions in the Caymen Islands and other hide outs and put then in jail. Congress needs to be brought to JUSTICE TOO… this so called bail-out is just more ILLEGAL THEFT from American citizens to impose a WORLD BANKING SYSTEM on US so that criminals can hide from justice and DO AS THE CROOKS PLEASE. IF this CRIME is not stopped by Monday, COMMUNIST Chinia will own much of America, and the USA will be broke anyway. I DO NOT KNOW WHAT TO DO MYSELF,,,I CALL GOVERNMENT LEADERS, BIG DEAL, THEY LET IT HAPPEN,,,ANYONE OUT THERE WITH FRESH IDEAS, BESIDES BUYING A GUN???
September 20th, 2008 at 8:00 am
This is it. The beggining of the end. They fabricated 9-11 now they’re fabricating it’s financial equivalent, all for “broad new powers” to carry out their plan. We’ve always read about these kinda atrocities in history class and now we’re actually gonna be a part of it. Keep your eyes opened for exploding planes.
September 20th, 2008 at 8:10 am
i think something fishy is going on here in my state TN. heres nasvilles big channel 4 news. We are apparently the only area in the state thats run out of gas. my theory is they are doing it on purpose and plan a martial law drill out of it. Its already been one full week and going into the 2nd week of no gas. Once people start shooting each other in gas lines expect see officer jackboot come out to play! http://www.wsmv.com/money/17511688/detail.html
September 20th, 2008 at 8:18 am
#5 Pooche: You just nailed it.
September 20th, 2008 at 8:24 am
@ Hank, commenter #3
I agree with you.
without food, we will see why things never got better in this country, we will see Americans become the bloodthirsty animals that they really are, as they resort to human cannabilism for sustenance.
After all, we just evolved from a bunch of monkeys anyway, right? And only the strong deserve to survive.
Its true because that’s what our God Charles Darwin said, that’s what they teach us in public school so it must be a fact.
That’s why rich people have always loved the concept of evolution, it justifies their evil.
September 20th, 2008 at 8:39 am
“If you die first… I am definately going to eat you. The question is, if I die… what are you gonna do? Bon appetit…” – Col. Ives, ‘Ravenous’.
September 20th, 2008 at 9:40 am
Alaskan magnetometers went BONKERS with every 9/11 “event”, including the planes-shaped holes appearing in the towers. HAARP was involved.
No one in New York reported the deafening sound of wide-body commercial airliners hitting the towers at full throttle.
In 1999, the Washington Post reported on the military’s psychological operation hologram project.
See here for source information and much much more…
9/11: Distinguishing The Propaganda From The Smoking Guns
http://www.checktheevidence.co.....;Itemid=60
September 20th, 2008 at 9:54 am
What they’re doing is moving our system to a total financial collapse where people can’t take their money out of banks since FDIC won’t have enough to cover. They’ll come up with a unique solution that is basically the national id card with a chip that will make monetary transactions electronic, giving the illusion your money hasn’t been lost. Once they have this is in place, we’re toast. They will essentially control our food supply and tax payments, which we won’t be able to rebel against or we’ll have our exchange capabilities cut off. They’ll be able to increase food prices and ration food. They’re also in the process of closing down public land (naming budget constraints as an excuse), which will limit peoples ability to hunt or trap for sustenance. Again this makes everyone more dependent. They’ll eventually sell that public land to private corp which won’t allow you on it. DON’T BELIEVE ME ABOUT THE LAND. It’s not a new plan. They did it in Argentina and many other countries. This is carbon copy plan that they’re pulling here in the US under the auspice of state budgets being strained. The monetary situation is toast. Bartering will be the only option to submitting to the national id. You can somewhat derail their plan to sell off public land by creating volunteer pools of people to work the parks etc (retirees) so that they can’t use the budget as the excuse. We’ll know then their true intent if they still shoo you aside. This real world of ours is reading like a friggin fiction book but it’s real. I never would have believed this stuff would happen.
September 20th, 2008 at 9:56 am
Dogs and cats will be the first to be added to the dinner menu. Anybody for catsaronni? How about some real HOT DOGS!
Seriously this is the beginning of the end of an era in Amerika and probably the rest of the world.
Congress doesn’t have a clue for an answer as they have let the Fed and it’s elite friends run the country for far too long. It’s time to tear down the Federal Reserve and prosecute the damn jews who run it, and our nation into the ground. I personally don’t care if it gets blown to hell and gone just as long as it’s gone forever.
George Boosh is going to leave the Whore House with another mess he’s helped to create which is just his style, after all he has a history of major fuck-ups and always leaves it for someone else to pick up the pieces. while he fattens his wallet. To hell with him and the family he came to D.C. with.
September 20th, 2008 at 10:19 am
Remember what Ron Paul warned everybody about awhile back. I think this is what he was talking about Hold on, need a shot of flouride…ok He said it would be economic and myself and many others were thinking false-flag or other things. I noticed that Paulson, when he was giving his speech said, He would be taking several questions….Then he answered one question and immediately ran off the platform. You could argue it was to speak with Bush but it was very fishy how he did it and it angered me. The man is a total coward. The picture of Bush, Bernake, and gang on this website says it all. Guilt is ridden all over their faces. No one around me even has a clue and when i tell them, they look at me with this blank stare. It’s crazy. Everyone buy food, seeds, guns. Think about your families. I know you do. I believe food and water will be important more than gold. And as for the cannibals zombies. Put them out of their misery…
September 20th, 2008 at 10:23 am
#14 A GOOD IDEA. This could be the way citizens took back control of our own nation and government. The PROBLEM IS THE MEDIA. We few have no way other to ORGANIZE CITIZENS WHO CARE. If there IS a way go get WEB support for a PROTEST—let us know now. I think Monday will be late, the rush part of this has ominous tones to it. This TAKE-OVER must have been planned, this could be the end of the USA.
P.S. Some of the really foolish comments on this issue, just show what a debased level America has sunk to! I don’t know about you things eatting each other, but citizens would have you in prison camps again in a week. It also looks like your the ones behind this treason and final destruction of our beloved country. Wait till the American citizen gets hold of America as it should be. You will not last long.
September 20th, 2008 at 10:31 am
Here is what upsets me. I am unable to get a government loan or grant to get a handicap van for my wife so she is confined to our home as we can not afford to buy one on our own and it is because the American people do not want social programs that would help people in this country to have better lives, but they are quit willing to allow welfare for the elite companies. You never hear a out cry from the American people when the government gives billion, trillions of dollars to the big corporations so that the elite of those companies can keep their millions of dollars and make even more. People like Jerry Jones can get all kinds of social welfare, but people like my wife and I can not get even enough money to buy a handicap van, because the American people are afraid of socialism. Well they are afraid of socialism for the poor, but they support socialism for the rich and they claim God is with them. I think not.
September 20th, 2008 at 10:40 am
I had a wierd feeling in my gut in the 1970’s that this crap would be happening. Then I became “born again” and I’m telling you…all this stuff happening is according to bible prophecy! Pray…pray like you’ve never prayed before.
September 20th, 2008 at 10:53 am
Why do my responses take so long or never show up? I’m confused.
September 20th, 2008 at 10:58 am
There it is. We are truly in the birth pains of the new world order. Also, Buddy, I can relate some what to your situation. You’re not alone. My husband’s been paying into medicare from his social security for years yet they won’t help him with his blood pressure medicine. They should have to give every dime back! I pray you get the van.
September 20th, 2008 at 11:10 am
Here is a site providing comparison of US government statistics compared to world wide stats and showing what the real values for GDP, CPI and inflatino are and have been, it also has extrapolated mupply supply numbers (M1, M2 and M3) that BushCo and Bernanke stopped publishing a few years back the estrapolatin is based on the value of the dollar.
http://www.shadowstats.com/
September 20th, 2008 at 11:17 am
@12 Christar,
But they got it wrong, incomplete: http://www.jhwh.be/~joshb/technical_darwinism.html
The full story of evolution theory results in the opposite.
September 20th, 2008 at 12:01 pm
Buddy…
Your part of the problem, you expect “the people” to provide for you when you are “the people” haw many times ahve you visited your congressman or picketed or attended any kind of political effort to push forward what you see as something you deserve ? The decisions your attributing to the people are made by congressmen which have special interests from the banks lobbying them everyday. Get off your ass and make your voice heard.
September 20th, 2008 at 12:25 pm
“We would like to apologise for the way in which politicians are represented in this programme. It was never out intention to imply that politicians are weak-kneed political time-servers who are concerned more with their personal vendettas and private power struggles than the problems of government, nor to suggest at any point that they sacrifice their credibility by denying free debate on vital matters in the mistaken impression that party unity comes before the well-being of the people they supposedly represent, nor to imply at any stage that they are squabbling little toadies without an ounce of concern for the vital social problems of today. Nor indeed do we intend that viewers should consider them as crabby ulcerous little self seeking vermin with furry legs and an excessive addiction to alcohol and certain explicit sexual practices which some people might find offensive. We are sorry if this impression has come across.”
September 20th, 2008 at 12:56 pm
The Cylons lured me into their deception once. Never again.
September 20th, 2008 at 12:56 pm
To all the flag waving rah rah america love it or leave it assholes…. bend over, grab your ankles and kiss your ass goodbye…..HAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHHAHA The rich bastards won’t save you either…….HAHAHAHAHAHHAHAHAHAHAHA
September 20th, 2008 at 12:59 pm
Jon Stewart,
“Yes. You go to spin alley, the place called spin alley. Now, don’t you think that, for people watching at home, that’s kind of a drag, that you’re literally walking to a place called deception lane? Like, it’s spin alley. It’s – don’t you see, that’s the issue I’m trying to talk to you guys…”
September 20th, 2008 at 1:01 pm
When agents come to take our houses, we outnumber and escort them out with our guns and tell the bankers who engineered the collapse that we’ll see them at the gallows–
governmental transparency, bank & media nationalization, civil disobedience and armed citizenry now!
September 20th, 2008 at 1:09 pm
To Dave, I don’t know where you live but if you think your not next THINK AGAIN! This is the pure EVIL plans of NWO which is worldwide! They want us serfs! They want us killing each other for food,etc. and not fighting them, fact! Only thing that will save us now is God our heavenly Father and Jesus and YES they BOTH exist! And are loving and merciful! Praise to God our heavenly Father and Jesus TOO! I STRONGLY suggest all you atheists and non-believer’s or other religions get your heads out of your asses and beg our heavenly Father who is merciful, and pure LOVE to forgive you and ask for Jesus into your hearts and NOW!
September 20th, 2008 at 1:11 pm
We need to 1. GET THE HELL OUT OF PURE EVIL, PRIVATE BANKER”S fucking Federal Reserve and NOW and also GET back on silver standard for money ASAP!
September 20th, 2008 at 1:13 pm
Anne, Go time for WHAT? These pure evil bastards are WORLDWIDE!
September 20th, 2008 at 1:18 pm
Your soo very right on Snowglitter, It IS according to Bible prophecy! We ARE in END TIMES and these pure evil bastard from BOTH PARTIES AND ALL COUNTRIES are trying to bring about the evil Anti-Christ! AND purposedly destroying America from within to do it too! We need to ALL pray to God our heavenly Father and Jesus for their help but don’t be fooled by these lying, Satan worshipping politicians from BOTH parties who are part of pure evil NWO! Bush worships Satan as does ALOT of others, including I believe BOTH McCain and Obama too!
September 20th, 2008 at 1:26 pm
[Murdock starts narrating] What will become of The A-Team and it’s desperate attemt to straffe off world wide disaster? Will good triumph over evil? Will Rocky Raccoon be reunited with Little Nell? These and other questions will be answered in the next exciting chapter of: ‘The Führer the better’.
September 20th, 2008 at 1:31 pm
oh man dave,that was funny as shit dude.well done
September 20th, 2008 at 2:21 pm
Revolution Now, this is BIBLICAL, noone can stop it except Jesus and our heavenly Father and they will in THEIR time! IT is the pure evil Satan worshipping NWO out to destroy America and ALL nation gov’ts and such for one world govt and one religion! Fact! Besides we could NEVER get lazy ass American’s to get up off their dead asses to save themselves anyway, they would rather think by voting for another party or another pure evil NWO politician from EITHER party will fix things when things just keep getting worse and worse NO matter WHO we elect, BECAUSE THEY ARE ALL, ALL IN COHOOTS TOGETHER IN NWO!
September 20th, 2008 at 3:33 pm
Revolution, WAKE UP! You can’t do it alone! I did not say we had to lie down and take it. There are a few things we can do to help ourselves out. 1. Become as self-sufficient as possible, i.e. stock up on some food, first aid and such. BUT don’t do like I did before when I KNEW this pure evil shit was going to come down! Don’t stock up and NOT give to charity! We MUST HELP one another out! And YES IT IS BIBLICAL! Hell, we can’t get lazy American’s to get up off their dead asses to protest march, or at a peaceful rally much less have a real revolution, which we have needed for ALONG time now! WHEN not IF, banking collapses, BARTER with each other. And also convert most of your savings into silver and/or gold too but mostly food but STILL give to poor and food pantries! It is NOT ONLY Bush, would you please get a clue? The whole DAMN U.S. gov’t or damn near worship Satan and are part of pure evil NWO! Do you know this or not? It is NOT ONLY Bush but BOTH CLINTON”S,etc. THIS HAS BEEN IN WORKS FOR YEARS! AND YES WE ARE,ARE,ARE IN END TIMES, FACE THAT FACT AND PRAY TO GOD OUR HEAVENLY FATHER AND JESUS FOR HELP!
September 20th, 2008 at 4:18 pm
First of all, this board, this web site, this entire WORLD has been infested with far too much “Anti-Semitism,” which to me, must also, LOGICALLY include this LAWLESS$ War against the largely INNOCENT(as are their SEMITIC “Kin,” basically in ISRAEL) and largely SEMITIC PEOPLE of IRAQ, for “Our,” “American” WAR and TERRORIS$M Profiteers$, and Oil THIEVES$, of THEIR, the Iraqi PEOPLE’s, these Fellow HUMAN BEINGS$ Oil Well$ and RESERVES$, and very lives and safety, as well.
All TRUE Muslim and Christian believers, do believe in the JEWISH OLD TESTAMENT, and in the JEWISH PROPHETS, as BOTH of their FAITHS’ initial, “Founding” Father and Prophets, as well, … and WE(* I am partly a “Christian,” in the Highly Ecumenical FaithS that I personally believe in, and let us leave it at that) could do WELL, as christians and Muslims alike, to at the least, LEARN from “Our” Parent Religion of JUDAISM, and the most often GOOD-HEARTED and Evolved(*in the Peaceful, PROGRESSIVE sense of “evolution,” NOT the simplistic, Darwinis$tic, Fas$cistic, AND LIBERTICIDAL “Libertarians$” “S$URVIVAL of THE FITTES$T,” SICK INFLUENCE on the Economic “thoughts$” of “Leaders$” such as Ronald REAGAN, and Alan GREENSPAN, since the time of at leas$t the late 1970’s$ to The 1980 OCTOBER SURPRISE and Reagan’s November 1980 “Election,” and January 1981 inauguration, our “American” Ecponomuy ever since has been heavily INFLUENCED and INFESTED by such CRUEL “Thinkers$” as Milton FRIEDMAN and AYN RAND, who DID INDEED have a HUGE FLORAL BOUQUET made into a “DOLLAR S$IGN,” at HER 1982 “Funeral,” etcetera, … these RIGHTISTS$ “CHRIS$TIANS$,” and “CORPORATIS$TS$, and YES$, LIBERTARIANS$ as “Thinkers$,” including the CYNICAL “Constitutionalis$t,” Ron PAUL, who STILL DOTH REFUS$E to sign on to the TRULY, PROGRESSIVELY PATRIOTIC, 35 ARTICLES$ of IMPEACHMENT agaiunst the “current” CRIMINALS, by HIS FELLOW and TRUE AMERICAN CONGRESSMAN, Dennis KUCINICH, you People NEED to start THINKING these matters through, CLEARLY, before, well he is MY true Saviour and NOT mere “S$aviour,” IE Joshua-JESUS, The PRINCE of PEACE, in Human History, who was also Raised as a JEWISH LAD!
And this MURDEROUS$ Iraq WAR, of the las$t 5 years$ or longer, since at least, March of 2003, waged against the IRAQI PEOPLE, and Their, yes, indeed, THEIR SEMITIC CULTURE and PEOPLE, their KINDRED Culture to the Semitic Ways in which JOSHUA, IE YESHUA, ie JESUS was Raised in, and this dehumanizing of ALL MUS$LIM Peoples$ as well, is SO VERY, VERY Nazi-Like and CRUEL, and FAS$CIS$TIC, as well, Jesus, and indeed many other JEWISH and CHRISTIAN(and not thes$e MERE “CHRIS$TIANS$,” now “Leading” US$ all as “American” “S$HEEPLE!) Scholars all through the centuries since the 7th Century, when Their prophet, Muhammed, founded the Muslim Faith(*Which IS, hath often been a quite PEACEFUL and TOLERANT Faith; did not countless Jewish people, flee the Spanish Inquisition, to the “Barbaric Turk’s” OTTOMAN Empire in North Africa and Turkey, etcetera, where they DID then find TOLERANCE and SAFETY, from those DEMONS$ that did the TORTURES$ and WATER-BOARDINGS$, etcetera, of that sad Epoch?!) HAVE INDEED studied much that is PEACEFUL in The Muslim Faith, and YET we seem to have, as “American” “S$HEEPLE,” allowed these “Elected” BASTARDS$, now lead us into a “Clas$h of Civilizations$” against Is$lam, lead of course by “Our” WAR and OIL PROFITEERS${The Predatory S$PECULATORS$ and Lenders$, who HAVE BEEN UNREGULATED TOTALLY, by GW BUS$H’s NON “S.E.C.,” during his$ entire 8 years$ in Office, his two Phony “Elections$,” etcetera!!] against 1.3 Billion, and mostly PEACEFUL MUSLIMS, when even by the “Official” s$tory abouyt the “S$omehow” Allowed for HOURS$, 9-11 ATTACKS$, there were only 19 Hijackers$ and 15 of the 19 were from the BUS$H(etcetera’s$!!) Crime Family’s CLOSE S$AUDI ARABIAN, ALLIES$$, etcetera, etcetera, … etcetera?!
Have RON PAUL Sign on as a CO-SPONSER of Denny KUCINICH’S, … 35 GREAT ARTICLES of IMPEACHMENT, and I might THEN change my overall opinion about representative Paul(and the HUNDREDS of other US, “American” House members, from Both “Major” Parties$,” who ALS$O, have refused to sign On to Kucinich’s 35 Articles of IMPEACHMENT, but PAUL claims HIMSELF to be the “Only”{?!] Strict “Constitutionalist” in the U.S. HOUSE OF REPRES$ENTATIVES, and yet he will NOT be a CO-Sponser of Kucinich’s 35 IMPEACHMENT ARTICLES, nor even will representative PAUL write up his OWN Articles of IMPEACHMENT{like Cynthia McKINNEY’s the Current GREEN PARTY’s Presidential and NOT “Pres$idential” true PEOPLE’s Candidate, her Articles of the NEEDED IMPEACHMENT as well, from late 2006!], against thes$e UNELECTED, WAR and OIL(etcetera!) PROFITEERING CRIMINALS$?!
Thank You.
September 20th, 2008 at 4:27 pm
JB. How can you be a partial Christian? It’s like saying your kinda pregant! I am NOT anti-Semitic, just stating FACTS that our heavenly Father DID speak to me and that I am a Christian and that we need to pray to God our heavenly Father and Jesus for help! IF you don’t like that, I can’t help it! I am tried to convert you and others before it is too late! The pure evil NWO is to blame for ALL of these things, who worship Satan! Facts! But if I were you, I would ask for God’s forgiveness and mercy and beg Jesus to come into my heart as my Savior asap! WE ARE IN END TIMES!
September 20th, 2008 at 5:09 pm
I hate to quote from movies and tv, but this time I must. From Beneath The Planet Of The Apes: “We don’t kill our enemies; we get our enemies to kill each other.” Stir up the pot enough, add a dash of hate, sprinkle in a little turmoil, depression and balkanization and watch ‘er cook!! And don’t forget; in case of nuclear war, you still need to pay your taxes to the I.R.S.
September 20th, 2008 at 5:16 pm
The global financial-monetary system is dead. Legally dead. Regally and sincerely dead. Pumping U.S. Dollars into the various financial corpses….why that’s just so much embalming fluid! When a business entity is BANKRUPT, the common sense, Constitutional, lawful course of action is to put it into receivership, i.e., BANKRUPTCY Protection & Reorganization. This is an entirely orderly and legal way in which to proceed – for the entire economy. It makes no sense bankrupting the U.S. government and taxpayers to fill an endless, multi-trillion Dollar hole in “big” business.
September 20th, 2008 at 5:51 pm
well if this all happens im gonna head up to the smoky mountains and live like a hobbit. a country boy can survive! glad i live in tennesee. Now any women wanna go with me so we can make babies we gotta keep our species alive!
September 20th, 2008 at 6:19 pm
Dodd will still get his checko and bennieos !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.youtube.com/watch?v=z-t7PmonBEA
September 20th, 2008 at 6:24 pm
New World Order!
NAU, North America Union people, can’t you and Alex see what is happening here?
They have to take down the America Dollar, to induces the Amero!!
Its all been planed people, Bush’s Daddy’s plan, right down to the key!!
We don’t stand now, there will not be America, don’t you fools see, check it out, North America Union, its all there in black an white.
Our Government is doing this. They want it, damn assholes that took over our Government, our USA from within.
They have they’re own Army, look it up, its just not one nation here either!
FEMA people, those that have hand guns, will lose them, or stand and fight. You’ll be in the red line, and if you don’t fight, your dead anyway!!
80% people must die!!
September 20th, 2008 at 6:52 pm
This is an open letter to all representatives of Congress and The House of Representatives of the United States of America .
We the people have elected you as our representatives to uphold our rights as elected officials and to protect us and our Bill of Rights. You have a job to do just like anyone else who is hired to do a job. And as such we depend on you to protect and serve us as you promised to do with the oath you took when entering into this job.
If any of us did not conduct business as we were expected to do at our jobs we would be fired.
The American people are tired of being hood winked and all the secrecy. You have stood by and let this administration (and past administrations) write into power bills and legislation, that has take away all of our rights. We have had enough. We demand that our Bill of Rights be restored and our Constitution be honored from hence forth. That means all these bills and laws will be repealed.
We are at an end of tolerance and will not tolerate another day of these injustices.
We demand:
All our rights to be restored.
All FEMA Camps be disbanded. We do not need FEMA prisons all over the country.
Our borders to be closed.
No NAFTA, CAFTA, or AMERO.
The budget will be balanced and an accounting to the spending will be made public to one and all.
This administration needs to be held accountable for all their actions. If they have not withheld our rights then they need to be held accountable.
No more signing bills and actions that you are not allowed to even read in their entirety.
We want the Federal Reserve to no longer control our money. And do not let them bully you. The next time one of them tells you to shut up and sit down tell them where to stick it. This is our country and they will not steal it. Get them audited. We want the old standard back. These outside bankers have no right or business controlling our money.
It is time to face reality and take back our country from all foreign banks as well. Let the taxes pay our way and not take out anymore loans we cannot repay. This is suicide for our country.
Pull away from all foreign banks. Get our money back in the United States . Strengthen our own banks and save the mortgages and get the people out of this credit crunch. Our government also has to quit operating on credit as well. It will hurt for awhile but in the end we will be strong and mighty for it.
Protect the home owners and people who are struggling to keep their homes. Keep the local, privately owned banks in business.
Let the rest fall. That will wipe out a great deal of our debt. We can then begin to rebuild. That is what it is going to take to get us back where we belong. Never bail out anyone unless you do a full investigation into their books and business dealings first. A full investigation needs to be done before anything else happens.
We also need to look at the Income Tax of individuals. Nowhere in the Constitution is it written that an individual must pay income taxes. And the Income Tax Ratification was never legal anyway. There was not enough votes to make it legal and binding when it was signed into action. And yet this government has been imposing it all this time.
We do not nor will we tolerate a One World Order. Stop the madness and get rid of all these departments we do not need. The Homeland Security. Most of the FBI, CIA, and so forth. Get rid of ICE and the black ops cops. This is gotten completely out of hand. We need to quit trying to police the world and take care of ourselves. China did it and came out one of the strongest of all for it.
We all have to work together to make this nation strong and self sufficient once more.
It is our duty to protect ourselves before it is too late. This country is so bankrupt that other interests can take over and we will loose everything our fore fathers worked and fought for.
This is your job. You have a lot to answer for and far more to set right. We expect this of you as an elected official and the time has come to earn that salary you are receiving.
As a legal tax paying member of this country I expect no less. As a legal voter I demand no less. It is now up to you.
Get to Ron Paul
September 20th, 2008 at 6:56 pm
Hundreds of BILLIONs! BS! Try TRILLIONS baby! Let me tell YOU about a spreadsheet from just say September 2007, a year ago on just the Derivatives Market alone. You ain’t seen nothing yet!
JP Morgan Chase (top of the list), Assets of 1,244 million or 1.244 trillion
leveraged 74 to 1, Derivatives is 91.7 TRILLION DOLLARS.
Lets see here;
CitiBank Assets 1.233 Trillion, Derivatives is 34 TRILLION DOLLARS.
And the fun one is Bank of America which runs the Government Credit Card Program.
Assets 1.290 Trillion, Derivatives is 32 TRILLION DOLLARS…..
Lehman Brothers was only at 299 BILLION
Merril Lynch was at 588 BILLION
Coffeelover,,,,,,,
September 20th, 2008 at 8:01 pm
I gathered my family together and laid out all the leveraged debt I accumulated in their behalf. After much serious discussion, we agreed that I (as the sole wage earner) was too big to fail. I am gathering it all up and sending it to the Sec. Of Treasury. I suggest that everyone in this country do the same.
September 20th, 2008 at 8:18 pm
why vote for any of these DICKHEADS anymore …..seems it,s too late now …the bastards got us all ……the end .
September 20th, 2008 at 8:23 pm
THEY won’t be facing a meltdown. THEY have built up quite a portfolio- to the tune of TRILLIONS, with OUR money!!! That money should be returned to the people! This guy has been trying to wake people up for over a decade:
http://video.google.com/videop.....ter+burien
(Posted to Google Video on September 11th 2008 – Walter Burien – http://CAFR1.com speaks to the Arizona Breakfast club on April 28th 2001.
The primary issue discussed was the run-away take-over of this country’s wealth by government. Also it was shown how to return that wealth back to the People reinstating true ownership to the People with government then truly serving the People as owners of this country and not the other way around. As of August 2008 the melt-down in the US Markets starts and as of September 2008 is moving along at a fever pitch. Is it a melt-down, or is government consolidating ownership of all independent players? Think about it! Collapse,and government takes over at pennies on the dollar. Another collapse government takes over ownership at pennies on the dollar again! Small and large bank collapses and a few choice players buy out their competition at pennies on the dollar. Who’s investment capital are they using to do this??
Government’s investment capital. Get it! As we are entertained, government covertly takes it all by investment ownership.. Start looking at the scope and size of the over 100,000 local government’s Comprehensive Annual Financial Report (CAFR) each with multiple investment funds. As we slept, the deed was done, and now they “own it all” by investment takeover. The rest of us are just collateral damage on the curb-side licking our wounds.. Start your review today. Learn the “Biggest Game in Town” today!)
http://cafr1.com/STATES/
and
http://cafr1.com/listings/Listings.html
September 20th, 2008 at 8:31 pm
When you have nothing left to lose then you will be free. I am putting my faith in the Almighty Father and forgiving those who trespass against me. All things according to his just judgement. What does it profit a man to gain the world and lose their immortal soul?
September 20th, 2008 at 8:43 pm
To all those people out there who keep saying this is all a fulfillment of biblical prophesy, I know you don’t want to accept this, but the people who are responsible for all this chaos have the same beliefs you do. They believe in prophesy too, and in their minds they justify their actions by referring back to the predictions of the Bible about the end of times. They think they are helping to actuate God’s big plan, which includes the virtual destruction of mankind.
How’s this for a prophesy? All the religious maniacs are going to reduce the world to a horrible, hellish existence and God isn’t going to show up. It’s really just an excuse for irresponsibility in the present. “There’s no need to try to change things that are beyond our control. It’s all in God’s hands. Besides, God already said all this was going to happen.”
Buy the ticket, take the ride.
September 20th, 2008 at 9:02 pm
“When the going gets tough, pray, pray, pray.” It’s the same thing as saying, “We really fucked things up, didn’t we. Hurry, let’s shove our heads as far up our asses as we can.”
They call it “faith” because “ignorance” doesn’t sound as pretty.
September 20th, 2008 at 9:27 pm
Here’s one for all you reactionaries (constitutional fundamentalists or whatever else you choose to call yourselves).
It may come as a shock, but all that is befalling us now has nothing to do with the degeneration of American values. America hasn’t changed at all. Don’t forget that this is a country founded on slavery and genocide. There was NEVER a period in the history of this country when we weren’t killing people somewhere in order to get MORE, MORE, MORE.
The only real difference now is that we have run out of frontier and we have nearly used up all of our opportunities to exploit “foreigners.” It was just a matter of time before it was no longer safe even within the belly of the beast.
I’m saying this as a warning. If there is a revolution and we try to restore America to its original moral apex we are going to be seriously disappointed, since such a time never really existed. What we need is something radically new. We cannot rely on the formulas of the past, especially when the stories of their success are all myths.
We have come to expect everything handed to us on a platter. It looks like this applies even our revolutions.
September 20th, 2008 at 10:48 pm
Dodd is one of the cosponsors of the bailout circus. He needs to find a corner to sit in while the serious economists restructure this system.
An NO, I am not talking about Bernanke and Paulson!
Many economists around the world understand and follow LaRouche, including some in the US. Its about time the common people did too.
Please understand that the problem is not the government but the FED. It is the FED that stole our country, OK? Got it?
If our Congress had the BALLS to take it back they COULD. There are STILL laws on the books that allow the GOVERNMENT to create CREDIT. We don’t have to go through the Fed.
http://www.larouchepac.com/
September 21st, 2008 at 12:09 am
This looks like a job for Donald Rumsfeld.
FREE AMERICA
REVOLUTIONARY (DIRECT) DEMOCRACY
September 21st, 2008 at 1:15 am
@64 Marc Schlee:
> FREE AMERICA
> REVOLUTIONARY (DIRECT) DEMOCRACY
http://www.jhwh.be/~joshb/representative.html (Direct democracy worked out, pictures)
http://www.jhwh.be/~joshb/cons.....html#toc.3 (Direct democracy worked out, laws)
http://www.jhwh.be/~joshb/sede (Direct democracy software.)
You want an ice cream with that too ? You can have it.
September 21st, 2008 at 1:36 am
I am not suprised to see a lot of posts with vent up anger and frustration. Does one need money and credit cards to be happy? Does the thought of a total crash scare you? If so, why?
Unless you are one of the elite and can change everything to your liking, then learn to live debt free and enjoy the solitude of peaceful living.
Whatever “they” dish out, I can face it with a smile. They cannot harm your spirit. Only if you let them.
There are thousands out there who have seen this coming and have been preparing for a long time. Myself included. Fear is the most dangerous kind of anger. Don’t let them get to you that way.
For the ones out there who are prepared and are living debt free, maybe we will see you at a great fishing spot. Peace!
September 21st, 2008 at 1:47 am
Charlie, you could not be more incorrect in your assessment.
Lincoln through McKinley was an extremely prosperous time and the wealth was not won on the backs of slavery. It was won with TECHNOLOGY and INFRASTRUCTURE investments. It ended with McKinley’s assassination, THEN came the slave loving imperial “Teddy” Roosevelt.
FDR through Johnson was also another very prosperous time. The dismantling of the Bretton Woods system under Nixon sent the whole thing for yet another crash course to depression. The only reason it didn’t happen sooner is because of the vast slave labor network the “free” trade NWO established.
September 21st, 2008 at 2:06 am
Belle I hear ya loud an clear, if a total crash happens makes me wonder just how people are gonna live without all those credit cards. How bout those church houses sportin’ all those well dressed members an while their driving their cards they owe on as well they march right out of those church houses and ignore the homeless an hungry on the streets.
How bout those expensive appliances and furniture they rely on? They love the look don’t they? See me? See me? Look what I got? They got it on credit. Nobody shoved those cards in their greedy little fingers.They helped get themselves in this shape.Living way out of their means, mind controlled by the selfishness in their ego.Pride. Greed. The shoe fits. One size fit all. My grandpa used to tell us kids the higher you fly the harder you fall. It may be time for everyone in debt to learn to eat humble pie and admit they helped themselves get into the trap of debt. They fell for it. Hook, line and sinker.
September 21st, 2008 at 3:43 am
If those with the money and the power were held accountable for their actions, they would be spending the rest of their days and nights with bubba in the graybar hotel and bubba loves liars and thieves so very, very, much. Bubba says: open wide scumbag.
September 21st, 2008 at 4:49 am
…and right when we the people were waking up from the propaganda matrix