The Complete Idiots Guide To The New World Order
Friday, October 24, 2008
Third Party Presidential Debate
Why the hell wasn't this aired on every fucking channel like they did with the fake debates between Obama and McCain? God damnit this election has done nothing but made me so fucking pissed off at the system i could pull my hair out! Go Nader! I really believe if they let the American people actually have a choice by having the third parties participate in the debates we wouldn't be stuck with just Obama and McCain, Coke and Pepsi.
AHHH!! The system is so corrupt and fucked up i could throw up!
Why the hell wasn't this aired on every fucking channel like they did with the fake debates between Obama and McCain? God damnit this election has done nothing but made me so fucking pissed off at the system i could pull my hair out! Go Nader! I really believe if they let the American people actually have a choice by having the third parties participate in the debates we wouldn't be stuck with just Obama and McCain, Coke and Pepsi.
AHHH!! The system is so corrupt and fucked up i could throw up!
Monday, October 20, 2008
"If liberty means anything at all, it means the right to tell people what they do not want to hear"- George OrwellI recently a few days ago actually changed the saying at the top of my blog to that George Orwell quote, and how fitting to what happened to me a few days later.
Ha, it's really not a big deal but i guess in the overall bigger picture it is, cuz i've noticed this consistently with the Obama supporters.
Let me use the example of the Obama people in Missouri who were using the cops to arrest people who talked shit about Obama. No judge, no jury, your just bad and going to jail if you talk bad about Obama. Which is a total violation of the first amendment, if Obama thought it slanderous or a right out a lie on whatever is being said about him he has the right to take it to a court of law, not to just hire cops to go out and arrest people! That's called a fascist state, that's what Benito Mussolini or Hitler did.
Anyhow, I had two ObamaNation's come to the house looking for me the other day and were asking me if i was voting for Obama and Mark Udall. (Why the Colorado Democrats keep bugging me i have no idea, i left the Democratic Party over a year ago.) I told them no, and one guy gasped and said,"How dare you!" and the ladies jaw dropped open like i had just told her to go fuck herself and then she was like,"You have two kids and your not voting for Obama?" I said no again and then shut the door.
What the fuck? So they basically called me in so many words unAmerican for not voting for Mr. Fisa/Bankster Bailout/Brzezinski Obama.
These so called "liberals" should really practice what they preach.
Just thought it was funny to see the hypocrisy of the liberals in action.
Monday, October 13, 2008
Union Sundown
By Bob Dylan
Well, my shoes, they come from Singapore,
My flashlight's from Taiwan,
My tablecloth's from Malaysia,
My belt buckle's from the Amazon.
You know, this shirt I wear comes from the Philippines
And the car I drive is a Chevrolet,
It was put together down in Argentina
By a guy makin' thirty cents a day.
Well, it's sundown on the union
And what's made in the U.S.A.
Sure was a good idea
'Til greed got in the way.
Well, this silk dress is from Hong Kong
And the pearls are from Japan.
Well, the dog collar's from India
And the flower pot's from Pakistan.
All the furniture, it says "Made in Brazil"
Where a woman, she slaved for sure
Bringin' home thirty cents a day to a family of twelve,
You know, that's a lot of money to her.
Well, it's sundown on the union
And what's made in the U.S.A.
Sure was a good idea
'Til greed got in the way.
Well, you know, lots of people complainin' that there is no work.
I say, "Why you say that for
When nothin' you got is U.S.-made?"
They don't make nothin' here no more,
You know, capitalism is above the law.
It say, "It don't count 'less it sells."
When it costs too much to build it at home
You just build it cheaper someplace else.
Well, it's sundown on the union
And what's made in the U.S.A.
Sure was a good idea
'Til greed got in the way.
Well, the job that you used to have,
They gave it to somebody down in El Salvador.
The unions are big business, friend,
And they're goin' out like a dinosaur.
They used to grow food in Kansas
Now they want to grow it on the moon and eat it raw.
I can see the day coming when even your home garden
Is gonna be against the law.
Well, it's sundown on the union
And what's made in the U.S.A.
Sure was a good idea
'Til greed got in the way.
Democracy don't rule the world,
You'd better get that in your head.
This world is ruled by violence
But I guess that's better left unsaid.
From Broadway to the Milky Way,
That's a lot of territory indeed
And a man's gonna do what he has to do
When he's got a hungry mouth to feed.
Well, it's sundown on the union
And what's made in the U.S.A.
Sure was a good idea
'Til greed got in the way.
By Bob Dylan
Well, my shoes, they come from Singapore,
My flashlight's from Taiwan,
My tablecloth's from Malaysia,
My belt buckle's from the Amazon.
You know, this shirt I wear comes from the Philippines
And the car I drive is a Chevrolet,
It was put together down in Argentina
By a guy makin' thirty cents a day.
Well, it's sundown on the union
And what's made in the U.S.A.
Sure was a good idea
'Til greed got in the way.
Well, this silk dress is from Hong Kong
And the pearls are from Japan.
Well, the dog collar's from India
And the flower pot's from Pakistan.
All the furniture, it says "Made in Brazil"
Where a woman, she slaved for sure
Bringin' home thirty cents a day to a family of twelve,
You know, that's a lot of money to her.
Well, it's sundown on the union
And what's made in the U.S.A.
Sure was a good idea
'Til greed got in the way.
Well, you know, lots of people complainin' that there is no work.
I say, "Why you say that for
When nothin' you got is U.S.-made?"
They don't make nothin' here no more,
You know, capitalism is above the law.
It say, "It don't count 'less it sells."
When it costs too much to build it at home
You just build it cheaper someplace else.
Well, it's sundown on the union
And what's made in the U.S.A.
Sure was a good idea
'Til greed got in the way.
Well, the job that you used to have,
They gave it to somebody down in El Salvador.
The unions are big business, friend,
And they're goin' out like a dinosaur.
They used to grow food in Kansas
Now they want to grow it on the moon and eat it raw.
I can see the day coming when even your home garden
Is gonna be against the law.
Well, it's sundown on the union
And what's made in the U.S.A.
Sure was a good idea
'Til greed got in the way.
Democracy don't rule the world,
You'd better get that in your head.
This world is ruled by violence
But I guess that's better left unsaid.
From Broadway to the Milky Way,
That's a lot of territory indeed
And a man's gonna do what he has to do
When he's got a hungry mouth to feed.
Well, it's sundown on the union
And what's made in the U.S.A.
Sure was a good idea
'Til greed got in the way.
Wednesday, October 08, 2008
Is the Federal Reserve Engaged in Acts of Economic Warfare Against America?
Wednesday, October 08, 2008 by: Mike Adams
(NaturalNews)
How the Fed creates money out of nothing
In 1942, German intelligence officers rounded up skilled Jewish prisoners and launched Operation Bernhardt, a clever scheme designed to counterfeit hundreds of millions of dollars worth of British Pounds and destroy the British economy by flooding it with counterfeit money. Located in the Sachsenhausen concentration camp, Operation Bernhardt was, even by modern standards, a runaway success that resulted in the creation of forged bank notes worth 132 million British Pounds.
This "economic warfare" operation resulted in a devastating economic effect on the British economy. You can read the true history of this operation here: http://en.wikipedia.org/wiki/Operation_...
It is important to note that Operation Bernhardt was an act of war, specifically pursued for the purpose of destroying Britain's economy by creating so much new money that the value of the money already in circulation would plummet. This was considered a strategic attack, just as effective as carpet-bombing tank factories or mowing down soldiers on the field with German-made MG42 machine guns.
What does all this have to do with the Federal Reserve?
Today, the Federal Reserve is engaged in an eerily similar operation, counterfeiting trillions of dollars in U.S. bank notes and flooding the U.S. money supply with money created from nothing. The result, of course, is the same as was intended by Operation Bernhardt in 1942: The economic destruction of the target nation. Only this time, the target is the United States of America.
Hilariously, the Fed claims it's doing this to save the economy. Yet the laws of economics tell us that flooding the money supply with trillions of dollars in new money actually harms the economy. And the Fed has been hard at work causing this harm: $250+ billion two weeks ago, $600+ billion last week and $900 billion earlier this week! It's beginning to crank up the printing presses to the tune of a trillion dollars a week, and by doing so, it's contributing to the destruction of the U.S. economy at a pace the Third Reich could have barely imagined.
Has the Fed declared war on the working class?
If the actions pursued by the Federal Reserve were being masterminded by Al-Qaeda, they would be denounced as acts of war. In World War II, such actions were deliberate acts of war. Targeting the economy for destruction by flooding the money supply with counterfeit currency is, by any measure, a threat to any nation.
So why is the Federal Reserve engaged in actions that, if committed by other nations, would warrant a military response? This is not an idle question. I'm not asking this in a satirical way. I'm quite serious about this: Why is the Fed committing acts of economic warfare against the United States of America? (The Fed, by the way, is a private company. It is not, as you've been led to believe, part of the U.S. government.)
The answer is obvious. You've probably already figured it out: The Federal Reserve is at war with America. It's an economic war, of course, not a bombs-and-bullets war. The casualties, though, are just as real: Savings accounts, retirement funds, bank accounts, jobs, businesses, pensions and much more.
By counterfeiting trillions of dollars like a Sachsenhausen operation on steroids, the Fed is carpet-bombing the U.S. economy with an unprecedented flood of fiat currency, causing the exact same economic destruction intended by the Nazis in World War II (but on a much more devastating scale). And it's doing this as part of a new economic war.
Class warfare has begun
What war? The war between the wealthy elite and the working class. The Fed is working hard, of course, to protect the wealthy elite. Over a trillion dollars of taxpayer money has already been earmarked to bail out the rich, elite bankers who lost other people's money in a series of idiotic bets on fictitious financial instruments.
And what are these bankers doing with this taxpayer money? According to an Associated Press report published yesterday, executives of the failed insurance company AIG were sent on a $440,000 retreat "to a posh California resort" less than one week after the U.S. government bailed them out. At the spa, AIG executives enjoyed spa treatments, massages, organic food buffets and bodywork therapy, all while the American taxpayers footing the bill were slaving away in real jobs, doing real work. Want to see the invoice for yourself? View it here: http://www.naturalnews.com/images/AIG-i...
That's how this new class warfare is taking shape: YOU (the working class) get all the debt, all the losses, and all the financial burden. THEY (the wealthy elite) get all the profits, all the luxury spa treatments, all the tax breaks and billions of dollars in free money from the Federal Reserve.
In the 1942 Operation Bernhardt, the Germans literally planned to load hundreds of millions of dollars in British Pound bank notes and air-drop them over London. The resulting chaos, it was believed, would shut down the British economy, halting the flow of money needed by Britain to fund its war effort. In the United States today, the Fed is taking a different approach: Air-dropping trillions of dollars into the laps and bank accounts of wealthy bankers and financial institution CEOs, concentrating the massive creation of fiat currency into the hands of less than 1% of the population.
And just to make sure the economic carpet-bombing is a complete success, the Federal Reserve and U.S. government are conspiring to create more than a trillion dollars in new money each week, then flood those funds into banks, businesses and insurance companies. This will, of course, devastate the value of the dollars being saved, held or earned by the wage slaves who labor their lives away under this economic regime. (That would be you and me.)
It's a brilliant plan... if you're interested in destroying a nation. This kind of attack would bring almost any nation to its knees. It's an act of war that requires no violence, no bombs and no destruction of real infrastructure. And yet it achieves what every war in history has ever sought to achieve: The transfer of power from the hands of the many to the hands of the few.
The Federal Reserve, in effect, has become a modern-day economic Third Reich, and it has set its sights on the U.S. economy.
Acts of economic terrorism?
The Federal Reserve is now doing to the U.S. what the terrorists could never have accomplished: The destruction of a large portion of its economy, its currency and the savings of its people.
The economic losses of 9/11 pale in comparison to the financial destruction that has been unleashed onto America by the Federal Reserve.
Yet, amazingly, it wasn't "terrorists" who put this plan into place. Who was it, exactly? Your Congressional representatives played an important role in allowing this to happen. In a grand, historical betrayal of the American people, members of your own U.S. House of Representatives and Senate voted to initiate a massive economic coup in America, violating the wishes of 99% of the American people (who are aligned against bailing out the rich on the backs of the poor).
Of course, to hear them explain it, their actions are meant to save the taxpayers. Yep, that's their plan: To save YOU, the taxpayer, by confiscating your money and handing it over to the wealthy elite. And whatever money can't be stolen from the taxpayers will be counterfeited by the Fed's money-creation machine.
The Real Agenda: A Massive Transfer of Wealth
We are not watching an economic rescue, friends. We are watching an economic coup. Creating and dumping trillions of dollars into the money supply is an act of war. But it's a war with a specific purpose.
What's happening right now is that the United States is being taken over by King Henry and his accomplices. More than fifty percent of the housing and nearly twenty percent of the entire U.S. economy is now controlled by one person -- Henry Paulson -- and that person answers to no one. He isn't elected, he can't be removed from office, and he's subject to no law.
King Henry controls unlimited funds. He can print any amount of money, or confiscate any amount from the taxpayers (by spending taxpayer dollars to bail out his rich friends). If the Federal Reserve is the new Third Reich, King Henry is its Hitler.
The economic war has already been lost by the People. It was lost on September 30, 2008, when Congress surrendered the U.S. economy to King Henry. The People now own nothing but paper money and ephemeral digital account numbers, all of which could be turned into worthless digits overnight by a single decision from King Henry.
In this economic bailout and the Fed's unlimited creation of new money, America has suffered the greatest act of economic warfare in our nation's history. Note carefully that it wasn't conducted by the Nazis, Saddam Hussein or Al Qaeda. It was, in fact, put into place by 172 Democrats and 91 Republicans in the House, and a similar majority in the U.S. Senate.
Wednesday, October 08, 2008 by: Mike Adams
(NaturalNews)
How the Fed creates money out of nothing
In 1942, German intelligence officers rounded up skilled Jewish prisoners and launched Operation Bernhardt, a clever scheme designed to counterfeit hundreds of millions of dollars worth of British Pounds and destroy the British economy by flooding it with counterfeit money. Located in the Sachsenhausen concentration camp, Operation Bernhardt was, even by modern standards, a runaway success that resulted in the creation of forged bank notes worth 132 million British Pounds.
This "economic warfare" operation resulted in a devastating economic effect on the British economy. You can read the true history of this operation here: http://en.wikipedia.org/wiki/Operation_...
It is important to note that Operation Bernhardt was an act of war, specifically pursued for the purpose of destroying Britain's economy by creating so much new money that the value of the money already in circulation would plummet. This was considered a strategic attack, just as effective as carpet-bombing tank factories or mowing down soldiers on the field with German-made MG42 machine guns.
What does all this have to do with the Federal Reserve?
Today, the Federal Reserve is engaged in an eerily similar operation, counterfeiting trillions of dollars in U.S. bank notes and flooding the U.S. money supply with money created from nothing. The result, of course, is the same as was intended by Operation Bernhardt in 1942: The economic destruction of the target nation. Only this time, the target is the United States of America.
Hilariously, the Fed claims it's doing this to save the economy. Yet the laws of economics tell us that flooding the money supply with trillions of dollars in new money actually harms the economy. And the Fed has been hard at work causing this harm: $250+ billion two weeks ago, $600+ billion last week and $900 billion earlier this week! It's beginning to crank up the printing presses to the tune of a trillion dollars a week, and by doing so, it's contributing to the destruction of the U.S. economy at a pace the Third Reich could have barely imagined.
Has the Fed declared war on the working class?
If the actions pursued by the Federal Reserve were being masterminded by Al-Qaeda, they would be denounced as acts of war. In World War II, such actions were deliberate acts of war. Targeting the economy for destruction by flooding the money supply with counterfeit currency is, by any measure, a threat to any nation.
So why is the Federal Reserve engaged in actions that, if committed by other nations, would warrant a military response? This is not an idle question. I'm not asking this in a satirical way. I'm quite serious about this: Why is the Fed committing acts of economic warfare against the United States of America? (The Fed, by the way, is a private company. It is not, as you've been led to believe, part of the U.S. government.)
The answer is obvious. You've probably already figured it out: The Federal Reserve is at war with America. It's an economic war, of course, not a bombs-and-bullets war. The casualties, though, are just as real: Savings accounts, retirement funds, bank accounts, jobs, businesses, pensions and much more.
By counterfeiting trillions of dollars like a Sachsenhausen operation on steroids, the Fed is carpet-bombing the U.S. economy with an unprecedented flood of fiat currency, causing the exact same economic destruction intended by the Nazis in World War II (but on a much more devastating scale). And it's doing this as part of a new economic war.
Class warfare has begun
What war? The war between the wealthy elite and the working class. The Fed is working hard, of course, to protect the wealthy elite. Over a trillion dollars of taxpayer money has already been earmarked to bail out the rich, elite bankers who lost other people's money in a series of idiotic bets on fictitious financial instruments.
And what are these bankers doing with this taxpayer money? According to an Associated Press report published yesterday, executives of the failed insurance company AIG were sent on a $440,000 retreat "to a posh California resort" less than one week after the U.S. government bailed them out. At the spa, AIG executives enjoyed spa treatments, massages, organic food buffets and bodywork therapy, all while the American taxpayers footing the bill were slaving away in real jobs, doing real work. Want to see the invoice for yourself? View it here: http://www.naturalnews.com/images/AIG-i...
That's how this new class warfare is taking shape: YOU (the working class) get all the debt, all the losses, and all the financial burden. THEY (the wealthy elite) get all the profits, all the luxury spa treatments, all the tax breaks and billions of dollars in free money from the Federal Reserve.
In the 1942 Operation Bernhardt, the Germans literally planned to load hundreds of millions of dollars in British Pound bank notes and air-drop them over London. The resulting chaos, it was believed, would shut down the British economy, halting the flow of money needed by Britain to fund its war effort. In the United States today, the Fed is taking a different approach: Air-dropping trillions of dollars into the laps and bank accounts of wealthy bankers and financial institution CEOs, concentrating the massive creation of fiat currency into the hands of less than 1% of the population.
And just to make sure the economic carpet-bombing is a complete success, the Federal Reserve and U.S. government are conspiring to create more than a trillion dollars in new money each week, then flood those funds into banks, businesses and insurance companies. This will, of course, devastate the value of the dollars being saved, held or earned by the wage slaves who labor their lives away under this economic regime. (That would be you and me.)
It's a brilliant plan... if you're interested in destroying a nation. This kind of attack would bring almost any nation to its knees. It's an act of war that requires no violence, no bombs and no destruction of real infrastructure. And yet it achieves what every war in history has ever sought to achieve: The transfer of power from the hands of the many to the hands of the few.
The Federal Reserve, in effect, has become a modern-day economic Third Reich, and it has set its sights on the U.S. economy.
Acts of economic terrorism?
The Federal Reserve is now doing to the U.S. what the terrorists could never have accomplished: The destruction of a large portion of its economy, its currency and the savings of its people.
The economic losses of 9/11 pale in comparison to the financial destruction that has been unleashed onto America by the Federal Reserve.
Yet, amazingly, it wasn't "terrorists" who put this plan into place. Who was it, exactly? Your Congressional representatives played an important role in allowing this to happen. In a grand, historical betrayal of the American people, members of your own U.S. House of Representatives and Senate voted to initiate a massive economic coup in America, violating the wishes of 99% of the American people (who are aligned against bailing out the rich on the backs of the poor).
Of course, to hear them explain it, their actions are meant to save the taxpayers. Yep, that's their plan: To save YOU, the taxpayer, by confiscating your money and handing it over to the wealthy elite. And whatever money can't be stolen from the taxpayers will be counterfeited by the Fed's money-creation machine.
The Real Agenda: A Massive Transfer of Wealth
We are not watching an economic rescue, friends. We are watching an economic coup. Creating and dumping trillions of dollars into the money supply is an act of war. But it's a war with a specific purpose.
What's happening right now is that the United States is being taken over by King Henry and his accomplices. More than fifty percent of the housing and nearly twenty percent of the entire U.S. economy is now controlled by one person -- Henry Paulson -- and that person answers to no one. He isn't elected, he can't be removed from office, and he's subject to no law.
King Henry controls unlimited funds. He can print any amount of money, or confiscate any amount from the taxpayers (by spending taxpayer dollars to bail out his rich friends). If the Federal Reserve is the new Third Reich, King Henry is its Hitler.
The economic war has already been lost by the People. It was lost on September 30, 2008, when Congress surrendered the U.S. economy to King Henry. The People now own nothing but paper money and ephemeral digital account numbers, all of which could be turned into worthless digits overnight by a single decision from King Henry.
In this economic bailout and the Fed's unlimited creation of new money, America has suffered the greatest act of economic warfare in our nation's history. Note carefully that it wasn't conducted by the Nazis, Saddam Hussein or Al Qaeda. It was, in fact, put into place by 172 Democrats and 91 Republicans in the House, and a similar majority in the U.S. Senate.
Thursday, October 02, 2008
Ten Reasons Not To Bail Out Wall Street
Catherine,
Geopolitical, Life and News & Commentary,
October 1, 2008 at 6:10 pm
by Catherine Austin Fitts and Carolyn Betts, Esq.
(1) Crime that pays, is crime that stays.
There is reason to believe that Wall Street and those they represent are holding loans without collateral, multiple loans secured by the same properties, and other fraudulent instruments among the “troubled assets.” Based on the secret “Treasury Conference Call” with 800 Wall Street insiders, we know the deal proposed to be passed by Congress isn’t the real deal promised to Wall Street.
(2) This smells like obstruction of justice.
Bail-out without due diligence of so called “troubled assets” is a perfect way to hide documentation of financial crimes. It is also a perfect means to launder both the past ill-gotten gains and new federal money spent recklessly and without necessary safeguards and oversight mechanisms. Be very suspicious when they tell you “we just can’t tell what’s in these troubled assets.” We can assure you the federal government has field offices all across the country that deal with significant amounts of real estate and mortgage assets. If Treasury refuses for more than a decade to comply with the laws, with approximately $4 trillion missing (and counting), it is not competent to manage $700 billion of taxpayer money while its arm is twisted by Wall Street.
(3) Wall Street owes the federal government money.
We need to get stolen money back from the banks that served as depositories for the US government (including trillions for which the Pentagon and HUD could not account) and punish them, not create another opportunity for them to game the system and engage in criminal enterprises to rob consumers. To the extent there has been regulatory wrong-doing, let’s not let the miscreants leave town with the evidence.
(4) Good guys are shut out.
A bail-out provides no way for honest leaders to come to the fore and use their creativity and expertise to restore balance and integrity to the system or for unproductive and poorly-managed banks that contribute to current over-capacity to die a dignified death.
(5) More investment in the “bubble economy.”
Spending massive amounts on non-productive uses (“buying” worthless credit default swaps, mortgages with no collateral, other derivatives, that could even include the derivatives used to manipulate the precious metals markets ) as opposed to productive uses (repairing infrastructure, creating alternative energy systems, supporting inventing and production of “green” products) is inflationary.
This bail-out will drive prices of food, water and energy up for the people who can least afford it.
(6) Does not result in capital circulating in healthy ways.
The bail-out of Wall Street and too-big-to-fail banks and insurance companies that are getting bigger by the minute by swallowing up other failing financial institutions (and creating more institutions that are “too big to fail”) does not result in trickle-down to those whose money was stolen in recent swindles (S&L, dot.com, current housing crisis), i.e., the taxpayers/middle class and working poor.
(7) Arrangements that result in more corruption.
Centralized “fixes” are sure to result in black holes, no-bid contracts and other scandals.
(8) Drains the real economy, rather than invests in the real economy.
The US economy can’t be productive or grow if consumers don’t have jobs and can’t afford to purchase goods and services. Real stimulation of Main Street is accomplished through investment in productive investment, not bail-outs that shift money to unproductive sectors. We should use all of our precious resources to reinvest in our people in the real economy.
(9) It props up sectors which need to downsize and consolidate.
There is significant overcapacity in the financial and banking sectors. Brainpower and talent needs to stop blowing financial bubbles and shift to economic activities that create real value.
(10) It is a temporary “fix” to keep Wall Street afloat until after the election.
These resources are better invested in permanent, long-term solutions. This bail-out will not fix anything. Rather, it will help the perpetrators get away and ensure that the ultimate day of reckoning is worse.
The Administration wants to drain the real economy to bail out Wall Street. Seems to us that the more appropriate plan would be to require Wall Street to return $4 trillion plus that is missing and use that to rebuild the real economy.
We think the time has come to reverse the flow. Go to any business school in the country. That is what they teach. Money should move out of unproductive sectors into productive sectors. The bail-out does just the opposite.
“Just say NO!”
Catherine,
Geopolitical, Life and News & Commentary,
October 1, 2008 at 6:10 pm
by Catherine Austin Fitts and Carolyn Betts, Esq.
(1) Crime that pays, is crime that stays.
There is reason to believe that Wall Street and those they represent are holding loans without collateral, multiple loans secured by the same properties, and other fraudulent instruments among the “troubled assets.” Based on the secret “Treasury Conference Call” with 800 Wall Street insiders, we know the deal proposed to be passed by Congress isn’t the real deal promised to Wall Street.
(2) This smells like obstruction of justice.
Bail-out without due diligence of so called “troubled assets” is a perfect way to hide documentation of financial crimes. It is also a perfect means to launder both the past ill-gotten gains and new federal money spent recklessly and without necessary safeguards and oversight mechanisms. Be very suspicious when they tell you “we just can’t tell what’s in these troubled assets.” We can assure you the federal government has field offices all across the country that deal with significant amounts of real estate and mortgage assets. If Treasury refuses for more than a decade to comply with the laws, with approximately $4 trillion missing (and counting), it is not competent to manage $700 billion of taxpayer money while its arm is twisted by Wall Street.
(3) Wall Street owes the federal government money.
We need to get stolen money back from the banks that served as depositories for the US government (including trillions for which the Pentagon and HUD could not account) and punish them, not create another opportunity for them to game the system and engage in criminal enterprises to rob consumers. To the extent there has been regulatory wrong-doing, let’s not let the miscreants leave town with the evidence.
(4) Good guys are shut out.
A bail-out provides no way for honest leaders to come to the fore and use their creativity and expertise to restore balance and integrity to the system or for unproductive and poorly-managed banks that contribute to current over-capacity to die a dignified death.
(5) More investment in the “bubble economy.”
Spending massive amounts on non-productive uses (“buying” worthless credit default swaps, mortgages with no collateral, other derivatives, that could even include the derivatives used to manipulate the precious metals markets ) as opposed to productive uses (repairing infrastructure, creating alternative energy systems, supporting inventing and production of “green” products) is inflationary.
This bail-out will drive prices of food, water and energy up for the people who can least afford it.
(6) Does not result in capital circulating in healthy ways.
The bail-out of Wall Street and too-big-to-fail banks and insurance companies that are getting bigger by the minute by swallowing up other failing financial institutions (and creating more institutions that are “too big to fail”) does not result in trickle-down to those whose money was stolen in recent swindles (S&L, dot.com, current housing crisis), i.e., the taxpayers/middle class and working poor.
(7) Arrangements that result in more corruption.
Centralized “fixes” are sure to result in black holes, no-bid contracts and other scandals.
(8) Drains the real economy, rather than invests in the real economy.
The US economy can’t be productive or grow if consumers don’t have jobs and can’t afford to purchase goods and services. Real stimulation of Main Street is accomplished through investment in productive investment, not bail-outs that shift money to unproductive sectors. We should use all of our precious resources to reinvest in our people in the real economy.
(9) It props up sectors which need to downsize and consolidate.
There is significant overcapacity in the financial and banking sectors. Brainpower and talent needs to stop blowing financial bubbles and shift to economic activities that create real value.
(10) It is a temporary “fix” to keep Wall Street afloat until after the election.
These resources are better invested in permanent, long-term solutions. This bail-out will not fix anything. Rather, it will help the perpetrators get away and ensure that the ultimate day of reckoning is worse.
The Administration wants to drain the real economy to bail out Wall Street. Seems to us that the more appropriate plan would be to require Wall Street to return $4 trillion plus that is missing and use that to rebuild the real economy.
We think the time has come to reverse the flow. Go to any business school in the country. That is what they teach. Money should move out of unproductive sectors into productive sectors. The bail-out does just the opposite.
“Just say NO!”
Wednesday, October 01, 2008
Jim Marrs on the Bailout and Suspension of election
Oh my god, I'm in the middle of reading Jim Marrs new book "The Rise Of the Fourth Reich" and G. Edward Griffin's "The Creature From Jekyll Island". Right now with the events going on as i speak, these are probably the two most scariest books i could be reading at the moment.
After listening to Saturday nights Coast To Coast show with Jim Marrs during the first hour i'm really starting to get a weird feeling. Cuz the chips seem to be all falling into place so to speak. Ian Punnet had Jim Marrs on to talk about the bailout and possible suspension of the election in the name of our financial crisis.
Oh my god, I'm in the middle of reading Jim Marrs new book "The Rise Of the Fourth Reich" and G. Edward Griffin's "The Creature From Jekyll Island". Right now with the events going on as i speak, these are probably the two most scariest books i could be reading at the moment.
After listening to Saturday nights Coast To Coast show with Jim Marrs during the first hour i'm really starting to get a weird feeling. Cuz the chips seem to be all falling into place so to speak. Ian Punnet had Jim Marrs on to talk about the bailout and possible suspension of the election in the name of our financial crisis.
Subscribe to:
Posts (Atom)