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The Market is Now Pricing In the Genuine Possibility that the US will Default on Its Debt
George Washington’s Blog
Sunday, Sept 21, 2008
You’ve heard of “credit default swaps”. They are a type of derivative where one person places a bet that a certain company will go out of business, and another person on the other side of the contract places a bet that the company won’t go out of business (see this and this).
Well, people are now starting to increase their use of credit default swaps to bet that the U.S. will default on its ability to pay on its treasury debt.
An article in the Telegraph from today includes a here showing credit default swaps on US 10 year treasury debt, and explains:
“Check out the chart showing the recent spikes in the US 10-year credit default swap. In other words, the market is now pricing-in the genuine possibility that the US will struggle to pay-back some of its long-term T-bills.
That possibility is still deemed to be quite low. But the ultimate financial question – until recently, unthinkable – is now being asked. Yes siree, the mighty US government could default. That’s how much the world has changed.”
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37 Responses to “The Market is Now Pricing In the Genuine Possibility that the US will Default on Its Debt”
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September 21st, 2008 at 4:56 am
http://www.youtube.com/watch?v=Vv3yuRdD2oE
September 21st, 2008 at 4:58 am
When Black Friday comes I won’t be here…totally broke already. Yippeeeeeeeeeee
September 21st, 2008 at 5:30 am
Going back to short selling: Mack CEO of Morgan Stanley blamed short selling, but only 2.9% og MS shares were on loan. In the case of HBOS, only 2.9% were on loan last Monday. So sort selling is a myth peddled by the establishment. Traders react to what they see on their screens and to what they KNOW. It is my belief that misleading data was fed to traders, some reacted and the price fell. Once the price had reached the misleading data, a new misleading price was fed into the system and so the cycle continues until the target company/bank is on its knees. The share holders, some of which are emplyees, have lost their money. AIG has been nationalised, the Fed (privately owned bank) owns 80% of the stock….all the Fed did was create another $85 billion in public debt. The same mechanism (scam) has been used on every financial target….the public have been screwed on every front and elite players are making a fortune.
Sure, to US could default on its debt and this might be part of their plan to wipeout the value of US paper held by China. This financial mess has been designed and I fear it will lead to wider military conflict, maybe another world war.
The scam that I`ve outlined above, is simple and almost without risk and the only people who could pull this off are the NWO…the same people who pulled off 9/11.
September 21st, 2008 at 5:39 am
A so called “false prophet” predicted that this situation would occur back in the early 6o’s and that the debts would be paid but by someone plotting dictatorial powers. Some secret deal would brokered between those Wall street Jews and some European power. He didn’t say what the deal was about but said it was a Double cross to take dictatorial powers. Could this be what this is? I don’t know! but it sure reads like it. He went on to describe the demise of America by some major catastrophe sometime after the double cross and the Rise of Russia as the Dominant nation on the earth.
Pie in the sky stuff? Maybe….but i don’t think it is.
September 21st, 2008 at 5:42 am
Warnings about our debt problems have been coming for about 20 years. I remember reading the book, “Bankruptcy 1995″. When a nation has budget and trade deficits as large as the United States, something bad will eventually happen. We are in trouble. “Wise people live in wealth and luxury, but stupid people spend their money as fast as they get it.” (from the Bible, Proverbs 21:20). We are spending our money faster than we get it, so I guess that may place our nation somewhere “beyond stupid”.
September 21st, 2008 at 7:26 am
Ron and Ralph Fool’s Overture. History recalls how great the fall can be, while everybody’s sleeping the boats put out to sea. Borne on the wings of time, it seemed the answers were so easy to find. “Too late” the prophets cry, the island’s sinking let’s take to the sky. Called the man a fool, stripped him of his pride, everyone was laughing up until the day he died. And though the wound went deep, still he’s calling us out of our sleep.
Apocalypse Now
September 21st, 2008 at 7:47 am
They broke into your house, they have the TV and stereo in hand. Now, you hold the door for them so they can leave…hell, you even help carrying the stuff out…
Is that about right…?…
September 21st, 2008 at 7:53 am
Can someone tell me who owns the Federal Reserve?
Is it the Rothschilds?
Is it China?
September 21st, 2008 at 8:03 am
The US Government will not default this year. Nether will Bush will become the dictator. Obama will become the next President. He will say change! but change for the worst. The US will fall sometime in mid 2009. After that riots will break out and the foreign troops will pour into this country like a flash flood! See George Washington’s third vision! and see Vision of the Night
September 21st, 2008 at 8:24 am
The philosophy of nonviolence may be exploited to prevent reform
english.pravda.ru/world/americas/106380-0/
September 21st, 2008 at 8:44 am
Christar:
“Who Owns the Federal Reserve?
The private ownership of the Fed is a closely guarded secret. However, it is generally believed that the following banks/families have at least some stake:
1. Rothschild Bank of London
2. Warburg Bank of Hamburg
3. Rothschild Bank of Berlin
4. Lehman Brothers of New York
5. Lazard Brothers of Paris
6. Kuhn Loeb Bank of New York
7. Israel Moses Seif Banks of Italy
8. Goldman, Sachs of New York
9. Warburg Bank of Amsterdam
10. Chase Manhattan Bank of New York.
Now, the long answer is more complex. Have a look at these charts (click here).
According to the information presented there (assuming not much has changed since 1976) it would appear that the Bank of England actually owns the Federal Reserve and the IRS.
The Bank of England is, in turn, almost certainly owned by the Rothschild family, though if they saw fit to sell shares, they would not be required to report this since these are privately traded companies we’re talking about.
”
http://www.financialsense.com/...../0630.html
September 21st, 2008 at 9:23 am
Why can’t anyone see this for what it really is? This is all just another
’shock and awe’ strategy exactly the same as the 9/11, Iraq, and
Afghanistan situations. This particular ploy is designed to eradicate
the middle class AND the working poor by forcing everyone into
an acceptance of the ‘work’ for your ‘credit’ balance state of
Federalism on a global order.
The super-rich get richer by forcing the public to manufacture the
products that the public will consume, then charges them an
inflated price for the consumables, all the while issuing a ‘credit’
balance for work performed. Meanwhile deducting the ‘credits’ used
from your credit account.
Should this not be prevented, not only will it be an illegal usage of
your tax dollars without due process of representation, it will also
spell an end to Free Enterprise and your ability to decide what is best
to purchase or not. You will be forced to become the ’sheeple-lemming’
that works for the federalist overlords.
’nuff said
September 21st, 2008 at 9:24 am
Post number 11 Gary Varnam gives us a pessimistic vision. I see things differently. If I were to guess I’d say that what is going on now is that the thieves are stealing all they can before the next guy takes over. His job as Diebold elected President will be to switch gears, raise taxes, increase the value of the dollar, raise rates, and move the economy back from the brink. His job is to sooth the masses and put them back to sleep so that they will forget that 911 was an inside job and that the central banks steal from us. His job is to shovel SOMA like shit on the evening news. The sheeple will forget and the current bunch of criminals will have to learn to sleep with one eye open and dodge bullets and nooses. Your enemy, the central banks, have learned that if there are no REAL riots that include guns and nooses then they have nothing to worry about. The American people roll over like cowards as if to say, “I’ll take it anyway you can shove it buddy, can I help you with the vaseline?” Roll over, then back to sleep, and it’s back to MTV, Sports, playstation, and slaving away for a “living dead” living, the new American Dream.
September 21st, 2008 at 10:59 am
Christar @10
NB Rothschild – London
September 21st, 2008 at 11:07 am
Ps: Rothschilds as Anna said are a Private Bank, hence, the ’smoke and mirrors’. Welcome to the real world SUCKERS!
September 21st, 2008 at 12:44 pm
Coffee morning with George Part I
George: Hey Dick, I got this great idea for getting into Afghanistan without raising suspicion.
Dick: Really Mr President!
George: Getting angry. Listen cock sucker, I may act like a fuckin’ moron, but that’s only to fool the public.
Dick: I’m sorry. What did you have in mind?
George: We pulverise a big building and pin the blame on someone else.
Dick: Ok! Sounds good! And how do you propose we do that?
George: Easy, we get someone to fly a plane into a tall building. The fuel will catch fire and vaporise it.
Dick: Oh really? And where are we going to find someone stupid enough to fly a plane into a building?
CIA Advisor: Er, with all due respect Mr President, a skyscraper has never collapsed simply due to a plane flying it.
George: Well why don’t you ask that mate of yours – what’s his name – Bin Laden – to persuade some of his lackeys to do it? They’re all a bunch of bleedin’ fanatics after all.
CIA: Well, we could give it a try, but what’s in it for them?
George: How the fuck should I know? Given them a motive.
CIA: I’ll do my best, but as I just said, the likelihood of a building collapsing simply because a plane flies into it will only damage it, not pulverise it. I mean to say, suppose a plane flew into the Pentagon for example. You wouldn’t expect that to collapse would you? It would just make a hole. The actual structure of the building would remain intact, even though it may have suffered colossal damage.
George: In that case, we’d need to, er, help it on its way – pack it full of explosives, just like they do in a controlled demolition.
Dick: Oh brilliant. And how are we supposed to fill a big busy building with explosives without attracting attention? And how on earth would we set them off without attracting attention?
CIA: Er, well, it so happens that the World Trade Centre would be ideally suited for such a purpose.
George: The World Trade Centre? You’re shitting me.
CIA: Well, as you know WTC1 and 2 are huge, huge buildings. In fact, the whole of the WTC complex covers 18 acres would you believe, that’s about 9 football pitches give or take. Now, you’re not gonna believe this, but underneath that lot, there is enough space to hold the Empire State Building.
Because the buildings are so huge and so wide, there are any number of secret elevators that no one else knows about, and which can be reached via underground tunnels. Therefore, all the explosives we need can secretly be positioned in all the right places without anyone ever knowing it has happened.
Now, as you know, if you look at pictures of WTC1 and 2, their external appearance is a series of vertical columns, so if you blew up the base, the buildings would simply slide into the hole underneath, and it would not be at all obvious that this was happening. Therefore, if a plane were flown into the building, and later on, after loads of smoke had been generated, explosives were detonated at strategic places inside the building, the effect would be of a collapse of the building.
However, anyone watching the tower collapse would notice the bottom of the building moving downwards in unison with the top of the building, an observation that could only lead to the conclusion that the whole of the building was actually sliding into an enormous hole.
Dick: Well, that’s very interesting, but why on earth should anyone design a building like that?
CIA: Well, Rockefeller was no slouch. The WTC was his brainchild which he got built back in the 60s not long after the Treaty of Rome was signed in the late 50s, and with it the introduction of the bastard bloody euro. This was a direct attack on the dollar, and he reckoned that sooner or later, countries like Iraq, Iran and N Korea would one day start trading oil in euros rather than dollars.
George: So?
CIA: Well, he reasoned that one day, US would need to go in there and take back what’s been taken from us, so we blow up a big building, pin the blame on some hapless bleedin Arab, and get out there. That cunt Sadam’s now trading in euros, you want the Taliban out so we can build Unocal’s pipeline, plus we need to get the opium fields up to speed, as the Taliban have been doing their level best to wipe them out.
Dick: Ok, so we somehow get Bin Laden to persuade his henchman to commit suicide. Suppose they fly the plane into a different building by mistake? Besides, the FAA would never permit a plane to get within 50 miles of New York.
George: Ok smart arse, no planes, we just blow the buildings up.
CIA: Well, there is another alternative.
Dick: Like what?
CIA: Er, well, don’t laugh, we only pretend there’s a plane in the sky.
George: Ha! Ha! Very funny. You fuckin’ idiot. Of course there has to be real plane in the sky. For God’s sake, it will be seen coming over the horizon, and it will be seen gradually approaching the city. People will watch the plane. And as it gets closer to the city, they’ll start saying things like ‘oh my God, that plane that I have been watching in the sky for the past several minutes is going to fly into the World Trade Centre.
CIA: Well actually Mr President, you’re wrong. People never consciously watch planes flying in the sky. They will only notice after the event.
Dick: So, what’s this alternative idea of yours?
CIA: Ok, you’ve all seen Godzilla, the mighty dinosaur trapped in the streets of New York, terrorising the neighbourhood, and not even the entire military could destroy it.
George: Oh Jeez, that was scary. I didn’t dare go into New York after seeing that. In fact, I couldn’t even see the end of the film, it upset me so much to think of all those innocent people getting slaughtered by it.
CIA: Actually Mr President, there wasn’t really a monster walking the streets of New York, it was all pretend. It was just made to look as if there was a monster there.
George: Really, you gotta be kidding me. And I suppose Father Christmas doesn’t exist either
CIA: That is also the case, at least the version you see on Christmas cards is just a fantasy.
George: And now I suppose you’re going to tell me that God doesn’t exist.
CIA: Well, that’s a tricky one. But let me put it this way. The people who brought us the Bible also believed the earth was flat, around which orbited the sun. However, we now know from our satellite pictures that the earth is in fact a round ball which, believe it or not, actually orbits the sun.
George: Ok, that’s common knowledge.
CIA: But it wasn’t then. Christianity is founded on the Jewish religion. And where is the heart of the Jewish religion located? Israel of course. It’s no accident that some of the richest and most powerful families in the world are Jewish – the Rockefellers and Rothschilds. Some of our most prolific movie makers are Jewish – Stephen Spielberg for example; plus there is a very powerful Jewish lobby here in the US that acts on behalf of Israel’s interests.
George: Great, so you think that we can in some way overlay the WTC exploding with a carefully synchronised image of an aircraft careering into it. And how on earth will we get the collusion of the media?
CIA: We don’t need their collusion. Constructing the image will be child’s play. In order to broadcast it to the nation, we construct a TV transmission station in its own building, WTC7 for example, and at the appropriate moment, we switch to our broadcast. Plus, we will be in the best place to set off the explosives at the right moment.
George: So, let me get this right. If there are no planes, then there will nothing for the FAA to intercept. Won’t they get suspicious?
CIA: No, not really. We’ll set up loads of war games, so that on the day in question, everyone will be too busy playing them, plus all our fighters will be far away. We create a huge explosion near the top of the building, broadcast our version of the event to the world, and have a field day as millions of people spend the next 10 years figuring out what really happened.
Besides, there will be so much smoke generated, that no one will be able to see what really happened.
George: Better still, why not have 2 buildings blown up.
CIA: That could be a bit tricky. Everyone’s eyes will be on the sky after the first explosion and by that time, we will have the full attention of the whole world.
George: Plus, as soon as it happens, everyone’s going to blame me and think it’s an inside job, espeCIA:lly after we’ve invaded Afghanistan and then Iraq.
Dick: Ok then. On the day in question, we can film you reading a story about goats to a bunch of school kids in Florida.
George: That’s great. Then people will know I had nothing to do with it.
Dick: Yes, but you must never tell people in public that you saw the first plane go into the North Tower. It is supposed to be a surprise.
George: Oh come on Man, I’m not that stupid.
CIA: Well even if you do, it won’t make any difference. The American public are so fuckin’ stupid, they’ll believe any crap we throw at them.
Dick: Yeh. We begin by demonising Bin Laden straight away, even though most people have never heard of him. There’s a Microsoft news bulletin. 9 hours after the event, we can inform all its users that Bin Laden had already denied it.
CIA: That’s right. And then we can saturate the media with nothing but stuff about what a shit arse Osama Bin Laden is. It makes a nice anagram of Sane Bad Oilman.
George: Plus we can have it happen on September 11th which is 911 the emergency number so people don’t forget.
CIA: Now, few if any people will actually film the first tower exploding, but lots of people will film the 2nd explosion. At some point in time, we will release video of the first explosion that will have been taken accidentally by some group. It doesn’t matter who. When this video is first released, the object going into the building won’t be too clear, and some people may even think it’s a missile of some sort.
But eventually, we will re-release this video, only this time the plane will be perfectly clear and unmistakeable.
As regards the 2nd plane going into the south tower, this is tricky. Our biggest problem is if the hijackers get overpowered, or the plane does get intercepted, or worse, it actually flies into another building. This final scenario could be catastrophic for us.
Therefore, actually having a real plane is really not on the cards. However, we will create images taken from different vantage points that show without doubt a plane flying into the 2nd building.
We will also keep a very careful eye on the Internet, and should any video be taken that departs from the offiCIAl story, well those videos will not be around for too long. Besides, no one will believe them.
Dick: So, let me get this straight. We secretly pack WTC1 and 2 with powerful explosive that will absolutely ensure the buildings blow up and slide into a bloody great big hole. We use WTC7 to broadcast all the images we want the public to see. There will be so much smoke generated that it will be absolutely impossible for anyone to see whether or not a real plane flew into WTC2, but the whole media will show it, and just like Father Christmas and Godzilla, people will see what their eyes want them to see.
CIA: Oh, and finally, we detonate WTC7 the same way, thereby getting rid of all the evidence, plus a whole lot of other incriminating stuff like Enron and God knows what else.
Dick: But won’t people be puzzled by the lack of any substantial rubble?
CIA: No! Besides, we’ll get it all cleared up and shipped off to China before you can say ‘Osama here we come’
Dick: And can we leave it to you to generate a whole pile of crap of hijackers boarding 4 planes who overcome the passengers, and the FBI finding all the incriminating evidence?
CIA: Child’s play. We do it all the time.
George Great! See you both next week.
Coffee morning at George’s – part II
George: So, what you got for me? One lump or two?
CIA: I don’t take sugar, thanks very much Mr President. We’ve been working on the movie angle, and we not yet sure if we shouldn’t be faking the whole lot.
Dick: What do you mean?
CIA: Some while ago, we commissioned Hollywood to make a number of disaster movies. Not only do they rake in the money at the box office, but they demonstrate just how clever the movie makers have become at generating lifelike images of big monsters smashing into big buildings that we are all familiar with; large buildings being blown up, earthquakes, hurricanes, and tornadoes. You name it, and we can create a situation that is so totally life like, that unless you knew it was make believe, you would actually be convinced you were watching the real thing.
As a matter of interest, when HG Well’s War Of the Worlds was first broadcast on radio in England some years ago before television became fashionable, listeners did not realise it was a piece of fiction, and there was widespread panic amongst the population who really believed that the planet was being invaded by Martians.
CIA: Well, as you know, the WTC complex is still very much a building site. Well, we have made a film showing a fake aircraft flying into a real building, but there is a problem. Although we can simulate the explosion, we have a problem in accurately creating the hole that the aircraft would make.
So we think we might be in a better position to make a movie of a fake aircraft flying into a fake building, er, in the same way that Godzilla might smash into a skyscraper. In this way, we have total control over what is seen.
In this way, we can literally have a field day broadcasting whatever images we like.
George: But what about the WTC complex itself?
CIA: Well, people are remarkably unobservant. The complex itself is actually surrounded by high fences, and people by and large completely ignore building sites, espeCIAlly when you can’t see them.
In the run up, we are going to release on the Internet carefully orchestrated images and descriptions that presuppose the WTC has been around for a long time to the world at large, but to the people who live within the vicinity of the complex, we will release web pages that paint a different picture.
In the meantime, we will be creating lists of names of people who work there, and those who will subsequently get killed.
CIA: On the day in question, we will create absolutely huge amounts of smoke, so that the relatively few number of people who are actually within eye shot of the complex will see something terrible happening.
By the time these people have returned to their homes, or who get access to a TV, they will then see what has happened.
CIA: Thus, we have the following scenarios. (i) we get Bin Laden to persuade his henchmen to ram planes into the WTC. As I have said before, not only is this extremely risky, we are also leaving it to other people to do all our dirty work, and they might make some stupid mistakes; (ii) we film movies of fake planes flying into fake buildings, but we don’t actually blow anything up, we just create an awful lot of smoke that prevents anyone from actually seeing what’s really happening, or (iii) we film movies of fake planes flying into fake buildings, plus we also blow up some real buildings.
In respect of the construction of our fake buildings, they would be model replicas that would slide into a hole, although it would look as if they were collapsing. We will, however, leave it to the movie makers to create absolutely the real effect; they are, after all, experts at creating lifelike illusion.
Obviously, we don’t want to kill anyone if we can avoid it, but we do need the population – and especially our Middle Eastern partners – to be absolutely convinced that our story is 100% believable.
After the event, we cordon off the entire area, and prevent anyone from actually entering the place. In any case, people will be glued to their TV sets, glued to all the newspapers. Because so much smoke will have been generated, people will by and large be very reluctant to go too near the place. By the time the smoke has finally settled, there will be nothing to see anyway.
The great thing about using fake planes is that there will be no sound, therefore no one will ever think of looking in the sky. The direction from which the 2nd plane impacts the building will be designed to be seen by as few people as possible. For the vast majority of people who would be eye witnesses, the plane would come from the opposite side of the building, and so they wouldn’t be able to see it anyway. In any case, there will be so much smoke generated, and by the time they have all seen the TV pictures, most people will be absolutely convinced that they also really did see a plane flying into the building.
If we decide to really blow up the 2nd building, there are going to be people who actually witness the 2nd building exploding without any aircraft being around, but these will be in a minority. They will be amongst the first to cotton on to what’s happening, but most of them will be too scared to say anything, for fear of getting assassinated.
Er, that is because they will be.
In any case, any one trying to tell their story will be instantly dismissed as a crank. As soon as they make themselves known, we will find ways to shut them up.
We will also create distractions and diversions. For example, we can start an anthrax scare.
Thus, it is down to you Sir – which scenario should we use?
George: Well, as you know Dick, I am a good person, and I really don’t want people killed if it can possibly be avoided.
Dick: You’re right Mr President. We shall have to give each scenario a great deal of thought, and decide what we are going to do.
CIA: However, we do have much grander plans in the pipeline as they say.
CIA: We call it Operation BOS – Big Oil Syphon.
CIA: Well, getting the oil out of the fields in Iraq and the rest of the middle east is going to be very expensive, plus we’ll get any amount of trouble from the locals. For some reason, because they live there, they seem to believe the oil belongs to them.
Now, as you know, the underground rail networks we have in places like New York, London, Paris and everywhere are nothing but huge networks of tunnels. Plus we have a tunnel stretching across the Channel which joins England with France.
CIA: The existence of these tunnels is common knowledge. What isn’t so commonly known is the vast number of tunnels that have been bored to connect places that no one would dream about.
We have some of the most incredibly complex and sophisticated boring machines which are capable of boring very long tunnels in a fraction of the time it took to build the train tunnels.
These boring machines use 4th generation nuclear technology that literally vaporise the rock and leave a hard crystalline surface. We have used these not only to create very long tunnels stretching hundreds of miles deep underground, but also to create huge holes about 5 miles underground. Some of them are the size of cities.
Now, we have released websites that call these huge holes Deep Underground Military Bases, and we’ve even had the audacity to associate them with Aliens and creatures from outer space, just to put people off the scent.
But their purpose will be to store all the oil that we will eventually be siphoning from the oilfields, and when we have completed this, we can then bring the troops home, and put an end to all this above ground warfare that we are forever embroiled in.
George: Sounds great, but the thing that bothers me is – aren’t people going to get suspicious that we might have had something to do with it?
CIA: Well not really. It will all be forgotten about after a while, and people will just stop thinking about it. Besides, there are an awful lot of junkies who need our heroin, and we owe it to them to get on with this job.
Plus, people need gasoline for their cars. It’s as simple as that.
September 21st, 2008 at 3:08 pm
Jim willie who appears regularly on the “market oracle” is really fun to read. About current economic affairs. Why do I waste energy typing this when i can use E.S.P.
September 21st, 2008 at 3:16 pm
Everyone check out”Creating community currency”,,this is a great website.
While money is basicaly” fiat”,the suffering,and injustice caused by the use and or lack of money is certainly not fiat.
Maybe it is time to try a new system,a system based upon real human need,not greed,pretty metals,numbers and fancy paper with pictures of poloticians.
Any new financial system,must if it is going to work for us,be based upon natural rights,enviromental justice and reality. Espeacialy the reality that nature and our planet is not the” private property” of any individual or group but rather the collective provider and home of all humanity and the entirity of creation.
Humanity for the most part has been duped into believing that it is a virtue for one to EARN a living,yet we are told we have a natural right to life.Rights are never earned nor purchased,at least they should not be.A new financial system based on the right of the individual to MAKE or take a living from nature would go far to advance the cause of freedom and natural rights,particularly the right to life. Under our current system ,billions of people live in poverty and millions ”,even millions of children’’starve to death not because of natural scarcity,but because of an economic and political structure that has commodified the things needed to sustain life and life itself. Current market forces and the human powers creating these forces do not recognize the right to eat as being indispencible to the right to life! Real economic reform,must incorperate the right of all people to food,water,land and shelter of some sort.
Many conservitives hail our current economic system”capitalism”as the only system which makes freedom possible. Certainly the idea that ones labor for others should be compensated is not an idea that can be faulted.I argue however that each and every individual should be free not to labor for others if they choose not to do so.I also argue that every individual should also have the choice of laboring for some sort of currency,or be free to partake of the bounties of nature. Making such choices possible would mean that we would have to learn the true meaning of PROPERTY RIGHTS,and reestablish and preserve those rights.Remember rights are not bought,nor earned,but yet we currently understand property rights as being an issue of those who have purchased title to private property,as opposed to the right of all people to accsess living space,land suitable for agriculture as well as large tracts of bountifull wildland.True economic reform,should increase life-style choices as to how we choose to sustain ourselves.Humanity in order to be free must be free to choose,not just between which products or name brands one will purchase,but be free to live without making any purchase,while living from the abundance of nature.
Freedom is about being free,not about having to make purchases in order to live.The application of personal effort is suffecient to take a livlihood from nature.Freedom is about being able to choose,not about being able to pay the going price.
Folks also Google “”land for people,not profit” this is another very thought provoking website.
September 21st, 2008 at 3:16 pm
Really I am surprised at how little has changed during this “Crisis”. I don’t drive or own stocks and real estate or even pay bills so maybe I am less affected but things are pretty much normal here, just huge trolls from faerie abducting unsuspecting and vulnerable people, and the world ruled by unseen and invisible demons consolodating their power across the globe for the inevitable wheel of time showdown. Nothing to worry about.
September 21st, 2008 at 3:32 pm
andoo; you must be 13 years old and live with your parents or else you would have some bills to pay!
September 21st, 2008 at 5:29 pm
I’m shopping round for easy ways of suicide. I think the best way is carbon monoxide poisoning. Peaceful sleep.
September 21st, 2008 at 5:30 pm
it’s not a national debt, for I owe nothing. it’s a congressional debt, they athorized it, they have to pay it.
http://www.youtube.com/watch?v=P8fgAS0w9Q8
September 21st, 2008 at 6:00 pm
CHECK THIS OUT AMERICA AND YOU’LL NEVER BE THE SAME YOU AGAIN!
http://ming.tv/flemming2.php/_.....000923.htm
You, people, have been had good and proper-bought lock, stock and barrel for a penny farthing each. I feel so sorry for hard working, butt-busting Americans but surely, what goes around comes around. Feed fat off others and there’ll come a time when others will feed fat off you-and for America that time has come.
September 21st, 2008 at 6:13 pm
I wouldn’t be at all surprised to discover that the reason why during the congressional “leadership” meeting with the “administration” last Thursday was so very “sober” and cooperative about allowing the financial criminals to socializing their losses is because of what usually happens in a robbery,” Your money or your life”, i.e. Clueless George declares an Economic Crisis and, MARTIAL LAW…
September 21st, 2008 at 6:15 pm
I think thats the idea isn’t it. Get the US into incredible levels of debt and then bring about the collapse of the nation. O America, O America, how oft would I have gathered you as a hen gathereth her chickens – and you would not.
September 21st, 2008 at 6:31 pm
rich, congressional debt means that they authorized, and the tax payers have to pay it back. i’m not filing taxes anymore.
September 21st, 2008 at 6:47 pm
Joe Biden said on September 3 that he and Barack Obama will pursue criminal charges against the Bush administration.
http://www.smirkingchimp.com/n.....ent-129791
Contact the Obama/Biden campaign and tell them that unless there is repeated, emphatic commitment on this issue you aren’t going to vote for them and you’re going to encourage others to refuse to vote for them also.
http://my.barackobama.com/page/s/contact2
FREE AMERICA
REVOLUTIONARY (DIRECT) DEMOCRACY
September 21st, 2008 at 7:40 pm
if your daughter gets preggers – it’s al CIAda!
if your son did it – it’s al CIAda!
if your wife leaves you- it’s al CIAda!
If the gun goes off – it’s al CIAda!
If a train or plane crashes – it’s al CIAda!
if it looks like you did it – it’s al CIAda!
If your futures casino breaks the bank – it’s al CIAda!
If it’s against our freedom – it’s al CIAda!
if it’s not one of ours and it explodes – it’s al CIAda!
If there’s collateral damage – it’s because of al CIAda!
If you loose your homework, wallet or keys – it’s al CIAda!
If your bosses daughter is pregnant – it’s al CIAda!
If it looks like you or your son did it, you might wish you were al CIAda
If the USSR robbed all the evil fatcat fascist bankers back in the 80’s and now have 20 year debtless head start on us – they must be al CIAda
If we forgot to close the CIA and Pentagon, the day after the Cold War ended and rename ourselves the American Union, we must be al CIAda!
September 22nd, 2008 at 1:29 am
im from israel and im med as hell i now 911 was inside job i wont be your slave you jillers you nazis my family died 95 % in the holocost never agien brave pepole of the us your fite is for every contry love you all go ron paul
September 22nd, 2008 at 1:32 am
Do you remember the austerity packages forced upon third-world nations who defaulted on their IMF loans? I think that the United States will be faced with something similar within a few years. An economy based on churning paper and computerized casino gambling is no substitute for a real productive economy that makes real products. Has the free lunch crowd attained so much power in this country that they can bring us all down just because they refuse to make good on their bad bets?
September 22nd, 2008 at 2:10 am
The Federal Reserve is a privately owned corporation , owned by the 13 International banking families among who are the Rothchilds , Chase , Morgan-Stanly , and others .
The ultimate World ruler is the Vatican and that’s ultimately where the stolen wealth ends up . Do a google on ” The Black Pope ” who is neither black nor a pope .
September 22nd, 2008 at 2:22 am
if you don’t “file” taxes anymore, what would that mean? you’re still paying income tax directly withheld from your paycheck. what’s the way around that??
September 22nd, 2008 at 2:23 am
Israrevol :
Isreal and the Jewish religion was high jacked by the Zionists years ago .
The US was high jacked in 1871 by the international banking cabal ( Illuminati ) with the
aid of corrupt members of our Congress . It’s been a slow cooking of the frog ever since .
The money owed to the FEDs represents the money stolen from the taxpayer . This debt should be repudiated and the thieving Vatican made to pay everyone in the entire World back the wealth they’ve stolen . They have it .
September 22nd, 2008 at 3:32 am
t @ 38: dont allow witholding from your check!
tell the company that you work for that you want to keep your money …so you can invest it…and pay the IRS on april 15! just like most corporations do!
…and then dont file!
It aint time to pay the piper until april 15th (if at all) …do you have income? money that comes in? …or do you have to go out and get it?
When I was younger there used to be something called a “witholding allowance certificate”, which is a permission slip for your which “allows” your employer to withold a % your pay…
claim exempt from witholding tell em your gonna save up your money and then pay later…its everyone right! dont volunteer!
September 22nd, 2008 at 4:27 am
President Thomas Jefferson said, “We must not let our rulers load us with perpetual debt.” We have much too much debt and the load is now being seen as “too big” for the taxpayers to carry or ever pay back.
September 22nd, 2008 at 5:01 am
Anyone else getting email threats from “NWO agent 3658″ for posting on this site?
September 22nd, 2008 at 7:06 am
Americans have deep pockets for the Treasury to draw from, don’t they ????????????
http://www.youtube.com/watch?v=B6ZIHbFQAzU