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Obama’s Stimulus Bill is a Banker Contrived Debt Scam
Kurt Nimmo
Prison Planet
Thursday, February 26, 2009
It was a joke, but not funny. Ben Bernanke, Federal Reserve mob boss, declared in his semi annual report to the Senate Banking Committee earlier this week “there is a reasonable prospect” the “recession” will end this year. The stock market responded with an upward blip of conditional and cynical enthusiasm.
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| Helicopter Ben, Obama, Congress, and much of the corporate media still refuse to tell the truth — we’re in a depression, not a recession. | |
Helicopter Ben, Obama, Congress, and much of the corporate media still refuse to tell the truth — we’re in a depression, not a recession. The cable news shows tell us Obama’s “stimulus” bill will make things right, when in fact the latest thinly disguised boondoggle — coupled with the multi-trillion dollar banker bailout scams — will soon usher in crushing hyperinflation.
It was meant to be this way. It was designed to turn you into a share cropper, a peasant, a modern day version of a serf indebted to the international bankers.
It is quite a toxic stew — stock market on the fall, corporate bankruptcies, bank failures, insurance failures, cities and states on the verge of bankruptcies, a foreclosure epidemic, government bond collapse, pension plans looted, the credit markets in a deep freeze… and yet Bernanke tells us we’ll be fine soon as we get past the rough patch.
Ben and Obama have the answer — more government spending and more debt for our children and their children. In other words, the answer to a crisis created by indebtedness is more debt. It’s like giving a shivering alcoholic a case of Special Brew to cure his alcoholism, as Niall Ferguson, professor of history at Harvard University, so eloquently put it.
(ARTICLE CONTINUES BELOW)
Bad credit is the Special Brew for government. A banker compromised Congress created the Federal Reserve System, Fannie Mae, Freddie Mac, Ginnie Mae, Sallie Mae, the Federal Housing Administration and the Federal Home Loan Banks, and that’s just the beginning. Government directly encouraged the indebtedness of four out of five home-related borrowers. The national debt of the United States officially stands at $10.802 trillion, or about $37,851 per capita and 65.5 percent of GDP, although this figure is seriously understated due to off-balance sheet obligations, that is to say money we owe the bankers but the government is not telling us about.
In fact, the “obligations” of the federal government come in around $65 trillion, a figure that exceeds the gross domestic product of the world.
Instead of working to deflate the astronomical debt bubble, Obama and the Democrats are pumping it up. Never mind what the talking heads say on CNN and MSNBC — reading from their government, i.e., banker, scripts — the “stimulus” bill will not cure anything. It will make the situation far worse.
“Expected federal borrowing for 2009 and 2010 will be far from modest, and the consequences will be significant for interest rates — and potentially crippling for the economy,” writes J. D. Foster, an economist at The Heritage Foundation. In other words, Obama and crew will actually increase the cost of mortgages, not lower them. Obama is telling sweet little lies, as Fleetwood Mac might put it.
It was designed this way. The bankers print, regulate, and inflate our money supply through the Federal Reserve, the mother of all “debt engines,” as Ron Paul has called it. The privately-owned Fed will now “monetize the debt,” that is to say the bankers will turn on the printing presses in order to meet Treasury debt “obligations,” including the “stimulus” bill, actually a debt-creation bill that will do the opposite of what Obama and Congress tell us it will do.
Meanwhile, as Bernanke lamely attempts to reassure us about the “recession,” the banker-owned government is gearing up for the coming fallout. CIA White House intelligence reports now concentrate on “the global financial crisis and its cascading effects on the stability of countries through the world,” according to the Washington Post. “The addition of economic news to the daily roundup of terrorist attacks and surveillance reports appears to reflect a growing belief among intelligence officials that the economic meltdown is now preeminent among security threats facing the United States.”
Last December, a report issued by the U.S. Army War College warned that the banker engineered economic crisis “could lead to massive civil unrest and the need to call on the military to restore order,” as the El Paso Times phrased it. “Widespread civil violence inside the United States would force the defense establishment to reorient priorities” from going after manufactured terrorists such as al-Qaeda to going after the American people.
Retired Army Lt. Col. Nathan Freir characterized what is to come as an “unforeseen economic collapse.”
On the contrary, the economic collapse was planned well in advance. “From now on depressions will be scientifically created,” declared congressman Charles A. Lindberg Sr. after the Federal Reserve was established in the dead of night.
The very same science is at work today. It will eventually reduce us to peonage if we don’t stand up and and demand the bankers be arrested and tried for treason — and sooner before later.
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37 Responses to “Obama’s Stimulus Bill is a Banker Contrived Debt Scam”
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February 26th, 2009 at 12:54 pm
I’ve been stimulating the economy for the past 15 yrs, I’m already an indebted slave; and stand up to them HOW??? They have the US Army in readiness to quell any “civil unrest.” They also have the Rayathon Active Denial System which will fry your ass in a hurry. What are we supposed to do besides hoard food and hunker down???
Death Before Dishonor Reply:
February 26th, 2009 at 4:55 pm
Die!
Not On My Watch Reply:
February 27th, 2009 at 6:59 am
That’s Nothing! You had Better Get a Damned Gun!
February 26, 2009
FEDS GRANT EMINENT DOMAIN AS COLLATERAL TO CHINA FOR U.S. DEBTS!
Beijing, China — The United States of America has tendered to China a written agreement which grants to the People’s Republic of China, an option to exercise Eminent Domain within the USA, as collateral for China’s continued purchase of US Treasury Notes and existing US Currency reserves!
On February 11, Bloomberg Business News reported that China was seeking “guarantees” for its US Government debt (Story Here), and it now appears they got it. Well placed senior sources at the US Embassy in Beijing CONFIRM the formal written agreement was delivered by Secretary of State Hillary Clinton during her recent trip to China.
This means that in the event the US Government defaults on its financial obligations to China, the Communist Government of China would be permitted to physically take — inside the USA — land, buildings, factories, perhaps even entire cities – to satisfy the financial obligations of the US government.
Put simply, the feds have actually mortgaged the physical land and property of all citizens and businesses in the United States. They have given to a foreign power, their Constitutional power to “take” all of our property, as actual collateral for continued Chinese funding of US deficit spending and the continued carrying of US national debt.
This is an unimaginable betrayal of every man, woman and child in the USA. An outrage worthy of violent overthrow.
Eminent Domain is the power of government to TAKE private property for public use without the consent of the property owner. Under our Constitution, the government can only “take” when providing “just compensation” for what they’ve taken.
Who decides what constitutes “just compensation?” The government!
in past “takings” homeowners who felt the government was not paying them enough for property have filed lawsuits. In absolutely every such case, the value placed upon the property by the government was upheld by the courts.
Our federal government has now granted to China, this power to “take” our homes and businesses in the event the US Gov’t defaults on its debts.
Let’s play this out as a worst case scenario. . . . . .
The US Gov’t goes belly-up and China comes in and says, “they owed us $700 Billion in Treasury Notes and another $2 Trillion in actual cash money which is now worthless. We are taking the entire state of Hawaii and the entire state of California in lieu of this bad debt. ”
With the stroke of a Chinese chop stick, Hawaii and California — all the land and buildings in those states — are now owned by China.
The “taking” would be a “valid public use” because it was “taken” in payment of the public debt!!!!
China could then turn around and declare the value of all that land to be worth. . . . . I dunno, ten cents on a dollar?
If you own a $200,000 house in either state, you get a Chinese check for $20,000.
Needless to say, the property owners would go ballistic and demand “just compensation” for what was taken. Who gets to decide what is “just?” China!
Don’t think you got a fair price for what they took? No problem, sue China. You’ll lose.
People who live in those states and own their land outright, might be able to negotiate with China to “rent” back what used to be their own property, as long as they continue to pay all their taxes (to China) ; but the land and buildings would belong to China!
This is what our own Government has just done to us and it is the single most vile act of betrayal in the history of human existence.
State Governments Knew This Was Coming
In early February nine U.S. States began the process of re-asserting their Sovereignty pursuant to the Ninth and Tenth Amendments to the US Constitution; declaring null and void any actions by Congress that violated the Constitution.
At the time, I wrote about those state efforts (Here) and wondered why so many states were taking-up such an arcane issue in such a seemingly urgent fashion. I guess now, we know why.
The states were obviously privy to what the feds were planning to do with granting Eminent Domain to China. The states took action to make certain the feds couldn’t give away cities or the states themselves!
This situation is going to get VERY ugly, VERY fast as one sovereign power (the feds) tries to literally give away the land of other sovereign powers, (the states). This is the type of thing that starts Civil War.
Our present federal government makes the treachery and betrayal of Benedict Arnold look like child’s play.
freedomworks Reply:
March 20th, 2009 at 4:26 pm
someone please get this story to AJ.
I would, but I don’t know enough to get this done with confidence.
The info in the above comment must be given to AJ.
try to sent to robd@infowars com
please someon send this info to AJ
freedomworks Reply:
March 20th, 2009 at 4:31 pm
the most powerful info will draw the most false flag attack comments.
Patriots must not be provoked by the trolls of the New World Order.
Do not be tricked into any stupid action.
Ignore the critics and the goons who wish you to incriminate yourselves.
Do not be fooled by the goons on the web or on the street.
February 26th, 2009 at 1:12 pm
Of course, it’s all tell and no show. Small surprise when the idiot Kurt Nimmo is the author. Is this the best Alex can get?
February 26th, 2009 at 1:37 pm
Truthers;
How did you react when you saw all those Greeks rioting recently. How about the French riots a couple of years ago?
Did it make you feel ashamed? I mean, the Greeks riot after only one boy was shot. The French rioted fiercely, and no one was killed. But, according to you, the U.S. Government killed 3,000 of its own citizens and is now trying to kill and/or enslave millions more, and you’ve done naught in seven years but talk about it on a message boards and hand out DVDs.
Greeks–one boy killed (one!) and they riot fiercely for weeks.
French–no one killed and they riot savagely–for months!!
Truthers–3,000 of their countrymen killed and great threats of killing and imprisoning millions more and, after seven years, they only rise to the level of message board posting.
Tell us how ashamed you are truthers.
Yes Reply:
February 26th, 2009 at 1:52 pm
Do tell us???? All of us over seas see, is you Americans are pussy whipped, little girls blouses!!!! Your all big and tough if your with the military and behind the big gun America but in the civilian crowd….. just bunch of pussies!!!!!
Sean Jolex Reply:
February 26th, 2009 at 2:06 pm
You are correct, Yes.
Truthers are naught but keyboard commandos, getting “angry” from the comfort of their computer chairs.
dRapNOid Reply:
February 26th, 2009 at 3:22 pm
Yep…right here along side of you
Amen Reply:
February 26th, 2009 at 9:06 pm
Amen brother!
. Reply:
February 26th, 2009 at 3:24 pm
Quotation by dRapNOid:
“Yep…right here along side of you.”
Except that I don’t believe what you believe. If I did, I can assure you I wouldn’t be talking about it on a message board, seven years later.
freedomworks Reply:
March 20th, 2009 at 7:01 pm
This comment is false flag provocation by trolls.
Don’t be fooled. Don’t start trouble.
February 26th, 2009 at 1:45 pm
Kurt Nimmo is obviously VERY ignorant of economics. And I think with term like “mob boss” even the nearsighted, naive, biased truthers can see the thick propaganda.
captain planet Reply:
February 26th, 2009 at 6:13 pm
well joe, what else do you call someone or an organisation that has no control by the people of USA let alone the federal government? hhhhhmmmmm? mafia? outlaws? criminals? gangs? thugs? oh thats right, you call them bankers, please
February 26th, 2009 at 1:53 pm
12000 irish government workers on strike today
http://www.belfasttelegraph.co.....06312.html
And thats after 2000 police yeaterday and 120000 civilians on sat
Thats 1 in every 30 people in the country protesting!!!!!!!!!!!!! inside 5 days!!!
Jona Sleex Reply:
February 26th, 2009 at 2:21 pm
Puts the truthers to shame, who only type on message boards, seven years after the U.S. Government killed 3,000 of them.
February 26th, 2009 at 1:57 pm
Can somebody explain to me why the Federal Reserve System is run and dominated by Jews? Jews are only 2% of the population.
I’d like to see how any of you dumbass Patriotard Alex Jones’ followers explain this away. You can’t.
bailey Reply:
February 26th, 2009 at 11:54 pm
yea but how many stealth jews are there?who’s to say this 2% is accurate?these bastards have the power to fix anything,why not some census numbers?
go report now to the ADL.
February 26th, 2009 at 1:59 pm
Up until this year, ALL FIVE Federal Reserve governors were Jewish. WTF?
2% of the population gets ALL FIVE(5) spots on the Federal Reserve Board of Governors?
Okay, whatever.
Jew Zionist shill Alex Jones won’t even MENTION this fact, much less try to explain it.
February 26th, 2009 at 2:06 pm
http://www.ExposingChristianity.com
Contrary to what most people have been indoctrinated with, Judaism, Christianity and Islam are relatively new religions. Humanity goes back tens of thousands of years. These three have worked relentlessly to keep us from spiritual knowledge and using this power, of which all of us have.
February 26th, 2009 at 2:33 pm
WHEN YOU YOU LOT OF BLOODY WHINGERS ACTUALLY DO SOMETHING…. YOU PUSSY WHIPPED, GIRL BLOUSES!!!!!
USA stands for USELESS STUPID AMERICANS!!!!
Jack Reply:
February 26th, 2009 at 6:49 pm
I’m not from Australia.
February 26th, 2009 at 3:52 pm
Hey, you can all be like me!
Look at how much the Iraq war costs. Can’t we cut that? How about Afghanistan, a landlocked country with no Navy, no Air Force and no missiles? Why are we there? Can’t we just leave?
http://www.nationalpriorities.org/costofwar_home
February 26th, 2009 at 4:44 pm
Stop already….Obama promised, in his premature state of the union address, a cut in taxes and a bigger paycheck for taxpayers on April 1st…..On April Fools Day!
February 26th, 2009 at 4:58 pm
Out of the Ashes will become the New World Order!
captain planet Reply:
February 26th, 2009 at 6:31 pm
and they will be thrown straight back into the fire, 95% of people dispise globalisation, what do you think will make the ‘new world order’ succeed? They will use force and be exposed as nothing but the fascist they are. They have power, are owned by the russians and chinese, and do nothing but murder their people and the poor. They only have 3 choices left false flag leading to ww3 and their demise, civil war leading to their demise, or simply standing down leading to their demise, either way, the NWO is doomed, everybody hates the US and no one will fight for them except their co conspirators and owners, the israelis, ha.
February 26th, 2009 at 6:06 pm
Hmmm. Mesmells a rat. I question the integrity of any website that cites its own articles in its research list. It’s a bit like using a word to define itself. Means precisely nothing. This is nothing but BS.
February 26th, 2009 at 6:10 pm
yet for some reason you still post here jack? damn, we still havent been able to get rid of you.
February 26th, 2009 at 6:22 pm
Why you think they been pumpin out that Gansta Rap man> Its to condition the Wel Fare Army Hell Yeah Free Money!
February 26th, 2009 at 8:10 pm
http://www.youtube.com/watch?v=28X33jwP6Ww
A Patriot is brave not stupid Reply:
February 27th, 2009 at 1:56 am
I recommend everybody see that youtube right now.
great!!!
February 26th, 2009 at 9:58 pm
I REPEAT, THESE CORPORATE LEADERS DON’T EVEN HAVE THE NERVE TO LAY IT OUT ON THE LINE. THIS IS A DEPRESSION, NOT A RECESSION. LYING COWARDS THEY ALL ARE! I WOULDN’T STICK MY NECK OUT AND TAKE OUT A LOAN IF THEY GAVE ME ONE WITH 0% INTEREST TODAY! IT’S A SCAM TO HAVE YOU FAIL TO TAKE OVER LAND OR THE HOME YOU TRIED TO PURCHASE. BEST HOLD ON TO WHAT MONEY YOU HAVE AMERICA. I’D CHANGE MY 20′S IN FOR ROLLS OF QUARTERS. WHEN THE DOLLAR DOES CRASH, YOU BEST HAVE AT LEAST A QUARTER IN YOUR POCKET TO TRY TO CALL SOMEONE WHO CARES, BECAUSE UNCLE SAM SURE WON’T BE ABLE TO AFFORD TO HELP YOU!
February 26th, 2009 at 10:37 pm
Kurt Nimmo is onto something. He’s not just spouting off opinions. John Maynard Keynes who was a “well connected economist” in his time said, “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
If we look at what happened to the Weimar Republic and to Zimbabwe more recently, this message becomes quite clear. Let us HOPE things don’t get that bad and so out of control but running printing presses to make more money only devalues the dollar UNLESS the new money printed equals a growth in the economy. And that is NOT happening, certainly nowhere near the level of new money being put into circulation.
February 27th, 2009 at 12:34 am
Yes we have entered a recession not a depression- one that was created and caused by policies of our government over the last 15-20 years has finally caught up with us. Spend, spend, and piss on capitalism has become their motto. We do not have double digit unemployment or hyperinflation so we are not in a depression. If all the politicans in Washington would go home for two years and draw there pay, not make any laws, or increase spending, this country would straighten itself out, but their egos will not allow them to do that. So we pay the price for their incompetence.
February 27th, 2009 at 1:29 am
The “Big Bully” (Ben Bernanke) in the school yard (U.S.) wants your lunch money (everything you own or ever own for the remainder of the history of the world) or he’s going to bloody your nose (declare martial law and put you in a FEMA camp) if you don’t give it to him; but if all the kids in the school yard (Sovereign States) was to say no to this “Bully”(Fraudulent Banksters)
he would have to stand down.
February 27th, 2009 at 1:50 am
The school yard (America) bully (Banksters) want your lunch money (everything you own)
or he is going to bloody your nose (reduce the population of the world by 80%); but all the
school kids (that’s us) have them outnumbered by a ridiculously huge number.