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Under Proposed Bailout, Feds Could Speculate, Nationalize Any Company or Industry, Or Do Anything Else They Want Using Taxpayer Money
George Washington’s Blog
Monday, Sept 22, 2008
The Fact Sheet from the U.S. Treasury states:
The purchases are intended to be residential and commercial mortgage-related assets, which may include mortgage-backed securities and whole loans. The Secretary will have the discretion, in consultation with the Chairman of the Federal Reserve, to purchase other assets, as deemed necessary to effectively stabilize financial markets.
So Paulson, in consultation with Bernanke, could “deem it necessary” to “stabilize” the financial markets by buying boat loads of gold. Or by cornering the market in uranium or platinum.
Or they could decide that they needed to buy Microsoft and Google.
Just like Bush and Cheney have gotten us into oil wars and wars to protect Israel under the guise of being necessary to protect our national defense, Paulson and Bernanke could do anything they want by pretending it is for the stability of the financial markets, especially since no one could challenge their actions in court.
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September 22nd, 2008 at 11:53 am
It just keeps getting funnier and funnier.
Never before in history have things been so obvious as these past few years. So ANYONE caught with their pants down is just getting what they created by ignoring US and watching American Idol.
See ya all at Walmart! ~
September 22nd, 2008 at 12:00 pm
this is like putting a band-aid on a knife wound……just isnt gonna help or stop the pain…….get ready and be prepared
September 22nd, 2008 at 12:14 pm
That Paulson and Bernanke circulated this document, irrespective of what actually gets reported out onto the floor of the House and Senate (if anything) tells you everything you need to know about his intentions and the safety of your financial assets in the United States markets. That this “proposal” hasn’t resulted in Congress calling for both Bernanke and Paulson to resign for their blatant attempt to crown Paulson King tells you everything you need to know about Congressional integrity as well.
September 22nd, 2008 at 12:18 pm
That’s $2,333 from every man, woman, and child in the United States (for the bailout). In exchange for that money, Paulson is unwilling to accept any demands to make markets more transparent, Limit Executive Compensation, or assist Homeowners fighting Foreclosure.
September 22nd, 2008 at 12:22 pm
“We all need to think about changing the architecture of international finances and diversifying risks. The whole world economy cannot depend on one money-printing machine,” Putin told the final press conference after the meetings.
http://www.larouchepac.com/new.....s-and.html
September 22nd, 2008 at 12:26 pm
We’re down to questions, and I’ve got a few of ‘em here… I would like to know if you are on crack… If so, that would explain a lot, if not, you may want to start because it’s going to be a long time before we trust you again.
Reporter asking Bush about new bailout plan…
September 22nd, 2008 at 12:35 pm
In 1972 a crack commando unit was sent to prison by a military court for a crime they didn’t commit. These men promptly escaped from a maximum security stockade to the Los Angeles underground.
Today, still wanted by the government, they survive as soldiers of fortune. If you have a problem, if no one else can help, and if you can find them, maybe you can hire the A-Team.
September 22nd, 2008 at 1:05 pm
f--- these clowns!!! There will be a Revolution. I am prepared to give my life to take out as many of these bastards as i have bullets!!!!
Give me freedom or give me death!!!
f--- you Paulson, f--- you all……..Twice!!!
September 22nd, 2008 at 1:11 pm
“We the people” has been replaced by “we the global elite”
September 22nd, 2008 at 1:24 pm
Their money game malfunctioned, they put their wealth safely in foreign accounts and, so now we lose what we have and slave our children and grandchildren to pay the debts they incurred. Then they take the money from foreign accounts and buy our lost homes and property really cheap,……
Right?
September 22nd, 2008 at 1:32 pm
The current RECESSION is more serious than all previous recessions since the early 1980s. This time inflation, unemployment, and a credit crunch are cutting into Demand.
Demand, in the economic sense, is the combined desire of Consumers to spend and the availability of the Cash they need to act on that desire. Recessions with declining demand tend to be self-reinforcing as falling demand leads to Falling Consumption leading businesses to reduce labor costs by LAYING off employees, leading to falling Incomes and further reductions in Demand.
September 22nd, 2008 at 1:39 pm
Homestake declined about 21% from the crash in late October 1929 through the end of that year, but through the entire decade of the 1930s Homestake was the highest gaining stock on the New York Stock Exchange.
So, it’s entirely possible the market could crash and gold stocks go up. At some point in time, people are going to recognize the precious metals stocks, (not all metal stocks, but gold is always one) are the safest place to be.
September 22nd, 2008 at 2:07 pm
Some of the greatest trees have shallow roots and they survive strong winds because they stand together, their roots intertwined.
September 22nd, 2008 at 2:10 pm
I think it is time that the banks and wall strret need a lesson in who should be in charge washington , it is time for us to tell all goverments meaning us and state . If that don’t live
by the U.S Constition and states Constittions then they in goverment arn’t legally our. Reps.
and including U.S. Presidents or Vice or Congress is not legal, and binding in law contracts,
treaties .
September 22nd, 2008 at 2:19 pm
Privatisation does not mean you take a public institution and give it to some nice person. It means you take a public institution and give it to an unaccountable tyranny.
Public institutions have many side benefits. For one thing they may purposely run at a loss. They’re not out for profit. They may purposely run at a loss because of the side benefits. So, for example if a public steel industry runs at a loss it’s providing cheap steel to other industries.
Maybe that’s a good thing. Public institutions can have a counter cyclic property. So that means that they can maintain employment in periods of recession, which increases demand, which helps you to get out of recession.
Private companies can’t do that in a recession. Throw out the Work Force because that’s the way you make money.
September 22nd, 2008 at 2:57 pm
I don’t know about the rest of you, but I am sick of this monopoly game and I say lets drop out and tune in to our own game. There are millions of us, so what do you say we change the playing field and play our own game. How about it people?
September 22nd, 2008 at 3:07 pm
I know there are computer geeks out there who are as sick of this as I am, Lets organize a secure network and plan and grow to take down these elite banksters. We need numbers, we need millions of people.
September 22nd, 2008 at 3:34 pm
I was reading some of Ron Pauls ideas
and especially about Silver and Gold coins and he was on to something big there. Americans are concerned about their dollars becoming worthless. The Hunt Brothers cornered the market on Silver once long ago and drove the price up but the government was able to burst the bubble.
If all Americans were buying silver and gold to protect themselves against a devalued dollar, they would drive Gold to about 3000 or more dollars an ounce and Silver to about 40 dollars an ounce. The government and banks (or maybe we should say government banks) would be stuck with Worthless Dollars and citizens would have gained real wealth from the evaluation of silver and gold. Now I know why the government confiscated his coins. I get it.
September 22nd, 2008 at 3:36 pm
Pigs Lining Up At The Bailout Trough
Increase Decrease
September 22, 2008 (LPAC)–As Treasury Secretary and would-be financial dictator Henry Paulson expands his unlimited bailout, the pigs are moving to secure their place at the growing trough. Financial firms of all stripes are demanding to be included, by having the government expand the types of “assets” that it will buy, while others are lobbying for a piece of the action managing all this government-owned crap. Paulson has already expanded his proposal from buying mortgages and mortgage-related securities into the right to buy “any other financial instrument”–a loophole big enough to cover nearly anything–and expanding the program to include foreign institutions, giving him carte blanche to do virtually anything he desires. The big trade groups, like the Securities Industry and Financial Markets Association and the Financial Services Roundtable, and the hedge and private equity funds, are all lobbying for their own pieces of the action.
This is a truly disgusting spectacle. The people who created this mess, are now demanding that they not only be bailed out, but that they turn a profit on the bailout itself. This is beyond greed, and far into criminal insanity. These piggies care neither for their country nor its people, but only for themselves, and like a plague of locusts will destroy anything in their path until they are stopped. As Lyndon LaRouche said, Paulson’s giant swindle is “tantamount to treason” and must be stopped, before it destroys the United States.
September 22nd, 2008 at 3:47 pm
Announcer: [reading] Yes, wherever bicycles are broken, or menaced by International Communism, Bicycle Repair Man is ready! Ready to Smash the communists, wipe them up, and shove them off the face of the Earth…
September 22nd, 2008 at 3:53 pm
We have outsourced our savings to the emerging economies, along with our manufacturing jobs. The Chinese are saving the money we’ve paid them for flat screen TVs and the Middle Eastern countries are saving the money we’ve paid them for oil.
China brought four oil refineries online in 2008 and plans to build 30 nuclear reactors in the next twelve years. The Asian Century has begun, but the U.S. has tried to keep up by using debt. It will not work. If anything, this has accelerated the shift of power to Asia.
September 22nd, 2008 at 3:56 pm
NeoCon Auction:
And next up we have an American Family completely in debt. We will start the bidding at 700 BILLION… OK YES, 700 Billion! do I have any takers at a TRILLION?
OK A TRILLION….
September 22nd, 2008 at 4:10 pm
Walkin tall you stand up all alone
With hand and fist I stand up for my own
The only – thing you’re gonna do is fall
So watch your s--- you think you own it all
(not knowing I) got my grip on you
(it’s time to show me)
What’s up inside you that makes you click for
Hate – you’ll never find a way to stop me
What makes you click for hate
You left me with no choice I’m comin
(watch how I blow through you)
I’ll take the blame that’s all you have to give
So keep your shame and hide it from the
Ones you lied to go wipe your face and start to crawl
And if you get up I’ll be there and you’ll (start falling)
September 22nd, 2008 at 4:12 pm
ITS TIME TO GET ANGRY GET f---ING MAD AS HELL WERE NOT GONNA TAKE THIS s--- ITS TIME FOR THE SCAPEGOATS ANY POLITICIAN WILL DO (EXCEPT RON PAUL) JUST SCREAM AT THESE BASTARDS ITS TIME TO GO CRAZY
September 22nd, 2008 at 4:25 pm
WE AS THE LITTLE GUY NEED REACTION STRATEGIES………….WE KNOW THE B.S………………. SOMEONE START A REVOLUTION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
amen and amen
September 22nd, 2008 at 4:34 pm
Usually there is a bull and a bear, but now the bull was lost and bear is dead along with his friends, there is got to be another option to fall back on, a camel perhaps to endure months on end without water or food in crippling conditions. The camel has been there too, and still is; consider the bailouts and acquisitions by friends of the US to help it out of a trap only few months earlier, from foreign central banks interventions, SWF’s, foreign investors and rating agencies to the cooperation of China and Saudi Arabia for finance and energy. Now the only animal we may find to be fourth in line is possibly the monkey. Nowhere near perfect, the monkey is not a dead animal in the eyes of Wall Street and its board of cheerers from Washington, RNC, DLC, and media moguls to the most powerful and dynastic rich of American elite. To be monkeyish is to say to yourself that sneaking to fetch and sign your family trust to a receivership to pay your gambling debts will strengthen the family ties; and even if a monkeyishian strays out into a camel or bear territory, it’ll take no sweat to see that monkeyishians won’t be able to pay back taxpayers money or play with their minds. The “American consumer” is changing ranks to becoming an “American citizen”. Now it will be the citizen against the monkey, an interesting situation to watch for. This is not much about nationalization but about gambling with the taxpayer’s only peace of underwear.
September 22nd, 2008 at 5:14 pm
We got the Mexican Government.
September 22nd, 2008 at 5:22 pm
what would the Founding Fathers say and do about what’s going on in this country these days ????????????????????
http://www.youtube.com/watch?v=8A7tftOfLdg
September 22nd, 2008 at 5:25 pm
It is time to look up “closed session of Congress 13th March 2008″. Then add; the construction of Gulags, the legisalation giving all power to the executive, severe home losses and unemployment, with a tincture of another 911 false flag attck and there yoiu have it America, the soviet style disunited states of America, Canada and Mexico. Cheers, you brought it upon yourselves!
September 22nd, 2008 at 5:35 pm
It is just me or have wages decreased? I know that our spending power has been reduced due to inflation but it seems like total wages are on the decline. Personally I am getting tired of serfdom. We are slaves to the elite and everything that is made or done is by people who don’t earn as much money as they are making their masters. The greed and profit driven corporations are not making enough. Now the elite are working to swindle all wealth possible from the people. Don’t buy gold or silver. Buy steal and lead in the form of weapons and ammo. Guess this explains why the bankruptcy laws were change a few years back as too many people would be able to protect their homes from fiscal take over.
September 22nd, 2008 at 6:40 pm
Commu-facism
September 22nd, 2008 at 7:11 pm
we have got to get off our asses
http://ca.youtube.com/watch?v=XbrNSOxwXOM
September 22nd, 2008 at 7:19 pm
Fidel Castro: Comrads, our nation is completely bankrupt! We have no choice but to abandon communism!
The Trouble with Trillions
September 22nd, 2008 at 7:23 pm
Because I’m tired of working for candidates who make me think that I should be embarrassed to believe what I believe, Sam! I’m tired of getting them elected! We all need some therapy, because somebody came along and said, “‘Liberal’ means soft on crime, soft on drugs, soft on Communism, soft on defense, and we’re gonna tax you back to the Stone Age because people shouldn’t have to go to work if they don’t want to!”
And instead of saying, “Well, excuse me, you right-wing, reactionary, xenophobic, homophobic, anti-education, pro-life, pro-2nd Ammendment, Leave It To Beaver trip back to the Fifties…!”, we cowered in the corner, and said, “Please. Don’t. Hurt. Me.” No more. I really don’t care who’s right, who’s wrong. We’re both right. We’re both wrong. Let’s have two parties, huh?
What do you say?
September 22nd, 2008 at 7:28 pm
Running tally of Constitutional violations by the supposedly (Federal) govt. Taking money from the Treasury without judicial oversight. Violation Marbury vs. Madision. http://www.forbes.com/finance/.....x_inl.html
Use of Military as a police force violation Posse Comitatus. MacArthur also wrote an amendment about using Military equipment and resources against a civilian population, but I am having a heck of a time finding it on the net.
September 22nd, 2008 at 7:45 pm
They could finally get their greedy, bloodstained hands on what’s left of Social Security. There needs to be a torchlight parade in Washingston by about 10 million irate American citizens complete with pitchforks or even better rifles.
September 22nd, 2008 at 8:09 pm
Can anyone please explain to me what is all this fuss over?
Yes there was a whole stack of mortgages sold to a lot of people who either should not have been sold that mortgage or circumstances have changed and now those mortgages are in default or foreclosure.
The fact that some smart operators within the financial world dreamt up a scheme where these mortgages would be bundled together and sold to a company that was able to withstand the risk with less of an impact if it went bad.
The fact that nobody really understood what these pieces of paper were all about or what the true value of them did not seem to matter in the virtual feeding frenzy. The world bought them, to a greater or lesser degree.
Then the bubble burst.
Now everybody is acting as if these mortgage back securities are worth nothing or less than nothing.
But before I go into the actual value of these transactions I question the legality of it all.
Every contract I have ever seen has a clause that explicitly forbids any party from altering, assigning or selling of that contract without the explicit written agreement of both parties. This clause states that to do so will render the contract null and void.
In my opinion (and I am no legal expert) here we have a industry wide practice of selling a mortgage to a party with the house as collateral only to have the financial institute break that contract by selling the mortgage to a third party without the knowledge or written consent of the mortgagee. From what I have read the first time the mortgagee knows about the sale is when there is a problem with the repayments and they attempt to solve that problem.
This in turn creates further problems. Even for those who have been able to maintain their repayment regime. Should the mortgagee be making payments to the originating institution or to the actual holder of the mortgage? Is the originating institution legally entitled to accept those payments?
Getting back to the real value of those mortgages. Even if in default or foreclosure these still have a value. Sure it is not what is not as high as originally valued at but still has a value. Even if the house was to be demolished and all that is left is a vacant plot of land.
Now that the US Treasury is to bail out the big financial institution adding to the National debt to the tune of $700 billion to $1 trillion. This will mean that about half of the houses in the United States will be public housing.
No wonder the banking world is queuing up to get some of the action. It will allow all the COE’s to keep their bonus not to mention their jobs without penalty.
September 22nd, 2008 at 8:09 pm
Liam Says…
“ITS TIME TO GET ANGRY GET f---ING MAD AS HELL WERE NOT GONNA TAKE THIS s--- ITS TIME FOR THE SCAPEGOATS ANY POLITICIAN WILL DO (EXCEPT RON PAUL) JUST SCREAM AT THESE BASTARDS ITS TIME TO GO CRAZY”
Unfortunatley, the honorable Dr. Paul might be the very individual being taken down by either a dimwit Oswald or an NWO assasin that gets people angry enough to exercise thier rights as soveriegns. Of course, the aftermath of that outrage would without doubt give the NWO the final excuse to begin their final crack down on the home grown “terrorists”. I pray we shall not have to see such days come to pass.
September 22nd, 2008 at 8:22 pm
We can only hope and pray that there are leaders in our military that are wise enough and patriotic enough to do what is absolutely necessary in order to defend and protect our constitution and way of life. I’m not talking about detention centers for the common man. Read between the lines and you will know what I mean. The problem is to big to be resolved by unorganized citizens on their own.
September 22nd, 2008 at 8:35 pm
My bad, McArthurs attack on WWI veterans was not a act under martial law, but rather that in Washington DC vs. The Posse Comitatus Act — forbidding civilian police work by the U.S. military — did not apply to Washington, D.C., because it is the federal district directly governed by the U.S. Congress (U.S. Constitution, Article I. Section 8. Clause 17). On the other hand he disobeyed a direct order by the President not to press the attack after the veterans fled, and still made 5 stars. 3 Great American Generals were involved in the (Battle?) of Anacostia Flats. Eisenhower, Patton and MacArthur. Leading the opposing (army?) Sgt. Walter W. Waters. Quoting McArthurs reason for the brutality of the attack that it was a communist attempt to overthrow the Government.
September 22nd, 2008 at 9:11 pm
Archie: Well, I remember one winter during the Depression when we didn’t have any money because my father lost his job, we was all bust. And I wore out a shoe. One shoe. So I couldn’t go to school with only one shoe. But my mother found a boot, so I had a shoe on one foot there and a boot on the other. A shoe and a boot. So the kids call me ‘Shoebootie’.
1971
September 22nd, 2008 at 9:16 pm
If the Congress let the World Economy crumble then they’d be kicked out of power a lot sooner. take the New Deal for example. it was quite Socialist, yet it has ultimately worked to Preserve the dominance of capitalism in the West. As many of us know, the a-holes in charge are willing to abandon their platforms in order to secure their cushy sheltered jobs and War Machines. What will be for sale at these “Fireside” prices? Everything…
September 22nd, 2008 at 9:25 pm
my plan b is a nation within a nation. i am also in talks with an american indian tribe. so far seems they will give me a 25 year lease. at my age that is more than enough. please youtube [earth ships] if you have not already
September 22nd, 2008 at 9:41 pm
Lehman NY staff gets $2.5B bonus
The Independent
Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn!!!
Of course it is all good, because the American taxpayer doesnt mind paying billions in a bonus because we know they (Banksters) mean well and it wasnt thier fault the foundation of the Stock Market was ran into the ground at full speed…
September 22nd, 2008 at 9:45 pm
“You can’t fight city hall.” “Death and taxes.” “Don’t talk about politics or religion.” This is all the equivalent of enemy propaganda, rolling across the picket line. “Lay down, GI! Lay down, GI!”. We saw it all through the 20th Century. And now on the 21st Century, it’s time to stand up and realize, that we should NOT allow ourselves to be crammed into this rat maze. We should not SUBMIT to dehumanization. I don’t know about you, but I’m concerned with what’s happening in this world. I’m concerned with the structure. I’m concerned with the systems of control. Those that control my life, and those that seek to control it EVEN MORE! I want FREEDOM! That’s what I want, and that’s what YOU should want! It’s up to each and every one of us to turn loose of just some of the greed, the hatred, the envy, and yes, the insecurities, because that is the central mode of control, make us feel pathetic, small, so we’ll willingly give up our sovereignty, our liberty, our destiny.
Alex Jones
September 22nd, 2008 at 9:49 pm
“What a bunch of garbage, liberal, Democratic, conservative, Republican, it’s all there to control you, two sides of the same coin! Two management teams, bidding for control of the CEO job of Slavery Incorporated!”
Alex Jones
September 22nd, 2008 at 10:09 pm
The GOP wants to bankrupt this country… And Bush wants the credit… And 700 Billion should do it…
September 22nd, 2008 at 10:14 pm
Do you trust Bush?
Do you trust the banks on Wall Street?
Do you trust the people in congress that took money form these banks to deregulate them, like McCain and Gramm and dozens of others?
Do you think they give a second thought about Americans or do you think they want to save the fortunes of long time friends and business associates(I.E. donators to thier campaigns)?
September 22nd, 2008 at 10:27 pm
EVERYTHING George Bush has ever done in his life has been a failure.
Every business that he has run has been ruined, EVERYTHING he has done as president has been a disaster. And now, we’re supposed to trust this buffoon with ONE TRILLION dollars????? ABSOLUTELY NOT.
The Great Suckout of the late great United States
September 22nd, 2008 at 10:30 pm
ALL I GOTTA SAY IS THIS.WE THE MINORITES HAVE BEEN TRYING TO OPEN THE EYES OF THE WHITE PEOPLE IN THIS COUNTRY FOR A LONG TIME NOW.WE BEEN TRYING TO TELL YOU’SE FOR YEARS THAT THE GOVERNMENT IS ACTUALLY AGAINST US (ALL OF US,AS AMERICANS),THE REASON YOU’SE HAVENT NOTICED THIS IS BECAUSE THEY WERE USING YOU GUYS THROUGH THERE PLANNED PROPOGANDA TO DISCRIMINATE AND CREATE HATE GROUPS LIKE (KKK).BASICLY IM SAYING YOU HAVE FELT EMBRACED BY THIS GOVERNMENT BECAUSE THEY LOOKED LIKE YOU.BUT NOW YOU’SE SEE WHAT THE GOVENMENT IS UP TO.ITS ABOUT TIME, AND WELCOME TO THE WAR.STOP THE DISCRMINATION OF ALL RACES! AT TIMES LIKE THIS WERE GONNA NEED ALL THE MEN WE CAN GET.WERE ALL AMERICANS FIGHTING FOR THE SAME THING.FREEDOM!!! WHEN YOUR READY TO TAKE TO THE STREETS YOU CAN COUNT ON US!!!
September 22nd, 2008 at 10:33 pm
Wolverine: What is this, a two-for-one sale?
September 22nd, 2008 at 10:46 pm
There is a great divide in the USA. I think the LA riots kind of summed it up. The Have’s vs. The Have Nots, except this time the plot is upside down. The Haves are begging the government to INC. thier pillaging of the US economy for the decades they ran Jobs out of this country and now want the Biggest Tax Increase in American History. Make no mistake this will not run down at 700 Billion. I would probably put the figuire somewhere in the 2 Trillion category and I would say that is CONSERVATIVE. It really could run alot more then that if no real reform of the economy is looked at and the only protection is for the Bankers who forcefully paid to influence the great exodus of Middle Class to create the New Third World Country… The former Super Power.
What was JFK’s biggest deficit budget? Yet the future still looked bright even when Bankers did not like what JFK really wanted… to get Rid of the FED RESERVE!
September 22nd, 2008 at 11:07 pm
At least all the yuppies have moved outta town. Never seen so many “for sale” signs go up so fast in my life.
September 22nd, 2008 at 11:14 pm
Batter Batter,
We are in the Second Inning of a severe, protracted recession, which started in the first quarter of this year and is going to last at least 18 Months, through the middle of next year. A systemic banking crisis will go on for awhile, with HUNDREDS of banks going belly up.
The taxpayer’s bill is going to be HUGE.
I estimate this financial crisis will lead to credit losses of at least $1 Trillion and most likely closer to $2 Trillion.
When I made this analysis in February everybody thought I was a lunatic.
But a few weeks later the International Monetary Fund came out with an estimate of $945 billion, Goldman Sachs (GS) estimated $1.1 trillion and UBS (UBS) $1 trillion.
Hedge-fund manager John Paulson recently estimated the losses would be $1.3 trillion, and late last month Bridgewater Associates came up with an estimate of $1.6 trillion. So, at this point $1 trillion isn’t a ceiling, it’s a FLOOR.
September 22nd, 2008 at 11:35 pm
Monk in Library: When facing your enemy, always aim for his weakest point. Use the Bhudda finger, aimed correctly, and you will find you will win, whatever your enemy may try to do.
September 22nd, 2008 at 11:42 pm
Even the FED Reserve looks like it may go under because the Economy will collapse before they can create and monetize enough Treasuries to absorb all the Toxic Waste collateral by exchanging it for treasury and agency paper. The only remaining Alternative is the saving of the dollar as the world’s reserve currency, the elitists’ collective, comprehensive, corporate failure and the purging of the system. Of course, since the elitists and their Transnational Conglomerates are the ones who stand to get purged, that is not an acceptable alternative to them. But then again what choice do they have right now, They must fool Congress and allow the pillaging of this country to the deepest levels seen since the great depression. There are alot of people onto this one and unlike the Great Depression this may very well turn against the insider trading system that has caused this mess to get to Gargantuan levels.
September 22nd, 2008 at 11:44 pm
I erased you
From my every waking memory
I replaced you
With a vision that you – Can’t see
Pity is a four letter word
And so is Quit
(and so is left but I’m)
Right where you wanted me
Feed from the inside
Out of bitter sympathy
You want me wrong but I’m Right
Feed
September 23rd, 2008 at 12:05 am
We told you the key to analysis is the bond market, and the government bailouts are all aimed at saving all segments of the bond market, which includes treasuries, because it is the source of elitist power.
Only the suppression of Gold and Silver has an equal priority at this point, but that priority will eventually be abandoned in favor of delaying the destruction of the Bond Markets when it is no longer feasible to save the bond market while simultaneously suppressing Precious Metals.
September 23rd, 2008 at 12:21 am
The elitists (ZioCons) want to save the bond market because that is where all the excess DOLLARS are parked Overseas, and the return of these parked Dollars to our shores could put us in the Mugabe Million Percent Club when it comes to hyperstagflation.
They want YOU to bail out Fannie and Freddie GSE bonds worth many hundreds of billions of dollars that have been acquired by Japan, China, Russia, the Middle East (through British banks as proxies), the European Union nations and India with the same money these Greedy Nations have stolen or extorted from you using manipulated, artificially low domestic currencies to Boost Exports. Plus lets not forget, artificially high cartel oil prices to make The Highest Profits in Corporate History.
Also the use of monies ransacked from us through use of globalization, “Free Trade,” off-shoring, outsourcing and both legal and illegal immigration, which incidentally have been used by the elitists to Gut our Economy, especially our manufacturing sector, in order to weaken us into accepting a one world government.
September 23rd, 2008 at 12:31 am
Tyler Durden: Man, I see in fight club the strongest and smartest men who’ve ever lived. I see all this potential, and I see squandering.
God damn it, an entire generation pumping gas, waiting tables; slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy s--- we don’t need.
We’re the middle children of history, man. No purpose or place. We have no Great War. No Great Depression. Our Great War’s a spiritual war… our Great Depression is our lives. We’ve all been raised on television to believe that one day we’d all be millionaires, and movie gods, and rock stars.
But we won’t. And we’re slowly learning that fact. And we’re very, very pissed off.
1999
September 23rd, 2008 at 12:48 am
Republican rich, deregulated by Bush-Cheney, changed the rules to FAVOR THEMSELVES, screwed up mortgage buyers, screwed up the markets, TOOK THEIR BILLIONS AND RAN!!
And crashed ALL the markets. Now Bush wants MIDDLE CLASS TO PAY FOR IT ALL? We should FINANCE THE RICH THIEVES?? –NOT. No way should we be forced to finance the thieves who GOT AWAY WITH IT ALL.
This is exactly the way Bush Administration has operated! An abomination.
NO MORE YEARS FOR CORRUPT REPUBLICAN LIARS!.
September 23rd, 2008 at 12:49 am
All seemsl to me like a financial 9/11, a coup d’etat, orchestrated in the background by these sick rulers which rule the world already since more than 200 years!