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A 700 Billion Bailout With No Review or Oversight Whatsoever
- Text size
Bob Chapman
The International Forecaster
September 25, 2008
The unbelievable breakdown in American lending standards, market instruments no more than a worthless pile of paper, note how market elitists are using the market crash to put pressure on Congress, the plan to bail out fraudsters, the vicious circle of printing more and more currency, more wiled speculation to come after a bailout,
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| We are dumping more dollars into the world economy, devaluing our currency, and therefore the value of all these foreign-owned US treasury bonds. Imagine what will happen when 700 billion dollars, in cash, is dumped into the fraudster system. | |
As it turns out, all the foreign nations holding dollar-denominated foreign exchange surplus reserves in the form of treasury paper realized that we were going to inflate them into oblivion, what with all the bailouts and such, and it appears, well, that they all ran for the door at once, if you catch my drift. We wore out all the printing presses trying to cash in their bonds for them, and all we had left was a huge pile of treasury paper, which we decided to throw out of my helicopter instead of cash. They’re in pretty big denominations, so the people should be quite impressed. In any case, we couldn’t print any more Federal Reserve notes on account of the printing press issue, and besides, the notes wouldn’t have been good for anything but heating fuel, "furnace fodder" if you will, so why go through all the expense to print more? We have to be fiscally responsible, you know. MM: Yeah, right. Gee, I know this may sound odd, but now that your helicopter’s engines have shut down, I could swear that I hear — could it be — the sound of marching jackboots, doing a goose-step, in the background?
HP: Ahem, well, after Ben and I consulted with our Gestapo, oh, I mean our Department of Homeland Security, they decided to send in the foreign storm-troopers, er, our soldiers, as a follow-up to our helicopter drop. They were apparently concerned that there might be mass social upheaval, and possibly even a revolution, after the sheople, I mean our citizens, discovered that the treasury bills we just dropped were nothing but "worthless paper." Well, Ben, we better get going. We barely have time to pack and get ready to flee to our bunkers and safe-houses with the rest of our "comrades." Hey, see ya, wouldn’t wanta be ya!!! Oh, and by the way: Sich Heil! MM: I have a bad feeling about this!
After over 40 years of financial reporting and analysis, we can say, without hesitation, that the 700 billion bailout plan proposed by Fed Chairman Buck-Busting Ben Bernanke and Treasury Secretary Hanky Panky Paulson, on behalf of the Caligula Administration, is the most abusive and piggish fascist scheme we have ever heard proposed. This is the living, freaking, end. We sit hear stunned and stupefied at the sheer arrogance of a corporatist, fascist plan, so saturated with moral hazard, that it can only be described, to use the words of Jean-Pierre Roth, president of the Swiss National Bank, in his description of the breakdown in American lending standards, as "unbelievable!"
First, note how the elitists have allowed the stock markets to crash over the past two days in order to put pressure on Congress to adopt their plan. They have withdrawn PPT support in an effort to stuff this plan down Congress’s throat. And this pressure will continue until they get their way. This is what Congress gets for letting the Illuminati run our country. Now, they will have to face their constituents in a no-win situation. If they adopt the plan, they will be accused of bailing out the fraudsters, and of privatizing the profits from the sheople’s hard work in evil elitist corporations, while socializing the losses from yet another bankers’ Ponzi-scheme in the sheople as is their custom. If they don’t adopt the plan, and as a result, the credit markets freeze up and the US economy goes down in flames, they will be blamed for that as well, even though that is our best solution at this point (i.e. purging the system of its excesses). The fact that our Congress has sat on their collective duffs and allowed this financial debacle to happen, when it was quite easily avoidable with even the slightest amount of regulation and oversight, gives you every reason to vote out every one of these reprobates and sociopaths ,which we like to refer to as "incumbent scum." The only exceptions to the coming ouster of incumbents, as far as we are concerned, are Ron Paul, and perhaps Senator Jim Bunning of Kentucky.
Congress appears to be balking, and rightly so, claiming that they need more time to deliberate over this situation, to ponder potential alternative plans, or at the very least to modify the current proposal to make it more palatable to voters, which is impossible, at least in our humble opinion. But is this just more posturing to make it look like they are not rolling over and playing dead for the elitists, or has Congress finally found their collective backbone? Only time will tell, but based on past experience, we aren’t getting our hopes up.
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These filthy Bosch Pigs want to give Paulson carte blanche to pay for toxic waste at its "hold-to-maturity" value with taxpayer funds, meaning you will pay par for crap that is worth pennies on the dollar. Then you, the taxpayer, will get paid back in hyper-inflated dollars on ever-deteriorating assets, with flagging real estate prices chipping away at their value without recovery for decades, meaning that your collateral on any of these no-down-payment, give-him-a-loan-if-he’s-breathing mortgages will be impaired and next to useless in the event of default. And who is going to administer all these loans, and process the payments, and deal with defaults? And what types of toxic waste will be subject to the bailout? Will we be taking on defaulted credit default swaps, interest rate swaps, credit cards, corporate bonds, commercial paper and aircraft leases also? Will we solve the mortgage-backed securities problem only to be bitten in the butt by credit default and interest rate swaps, or other toxic paper that was equally steeped in fraud? Of course we will.
The most egregious part of the proposed bailout is that it allows Paulson to dole out the funds and deal with the toxic waste without any judicial oversight and with full immunity from any criminal prosecution. This means he can pay par with your hard-earned money, and then when it becomes clear that the cess-pool-paper is only worth a small fraction of par, he can pawn it off to his cronies at bargain basement prices, thus distributing any profits to the elitists as they see fit, and the American people can go spit in the wind.
And how is this elitist bailout bonanza going to benefit the taxpayers, or our economy? It isn’t! In fact, it is going to exacerbate an already volatile situation. Thanks to free trade and globalization, the global economy has become a tripwire economy. One wrong move, and the claymores go off, taking out the entire global financial system in a blaze of shrapnel and glory. The whole house of fraudster cards, rife with trade and investment imbalances, then collapses and gets sucked into a gargantuan financial black hole. All it will take is one nation whose citizens are fed up with rampant inflation. They will have to break the dollar pegs, cash in their US treasury bonds, and absorb the excess amounts of their domestic currencies by purchasing them with the dollars received as proceeds from the sale of the treasury bonds. This strengthens their currency, thus moderating their inflationary problems, but then their exports suffer. Meanwhile, the dollar starts to decline, and everyone else is afraid that this decline will continue and threaten the value of their reserves. The mad dash for the front door begins, and not everyone can fit through at the same time. The dollar gets destroyed, along with the US economy, as the cash from dumped treasuries finds its way back to the US through purchases of US assets by the foreign nations that are looking desperately to dump their cash, thus creating hyperinflation on a Weimar scale. That is why the FTC is no longer publishing statistics regarding foreign investment in the US, to hide this problem from the public as the dollars start pouring in. Adding to global woes, the exporting nations, whose goods are now no longer competitively priced, go down with the USS Titanic.
The United States operates at a deficit, spending more money than we gained from our own production, and we need foreigners to finance our profligacy. In order to help us finance this deficit, these foreigners buy our treasury paper with the excess dollars they obtain from their trade with the US. They do this by having their central banks print more of their domestic currency to absorb the dollar forex which is flooding their economies due to trade imbalances with the US. Their central banks simply print more of their own currency, which is then used in currency exchanges to soak up that dollar forex. This process inflates their economies by dumping their own currency on their domestic markets while bidding up dollars which are then used to purchase treasuries. While those dollars are parked in treasuries, they do little harm to US citizens via inflation, although we do have to pay interest on them. The foreign nations then enjoy a competitive price on their exports to the US because of their artificially weakened currency, but at the expense of domestic inflation. This system perpetuates the trade imbalances, and the inflation in the foreign nations. Obviously, this cannot go on forever.
And now, all these wild, lunatic bailouts will threaten the entire world economy. Why? Because we are dumping more dollars into the world economy, devaluing our currency, and therefore the value of all these foreign-owned US treasury bonds. Imagine what will happen when 700 billion dollars, in cash, is dumped into the fraudster system. If the fraudsters start lending again, that means the fractional banking multiplier, which usually runs at 7 to 8 times reserves, will then generate five to six trillion dollars of new money and credit, an amount that would swamp the US and global financial systems even if the Fed shut off its money and credit spigot completely. And who would they lend all this money to? The overextended, totally broke, unemployed, underemployed sheople who are being hyper-inflated into oblivion? Of course not. It will be used for more wild speculation, and to produce more leverage, and more fraud, and more toxic waste, which will add yet more money and credit to our already waterlogged, or should we say dollar-logged, system.
And just because there are losses does not mean that this 700 billion will be absorbed by those losses. The money that was used to produce the assets which suffered those losses is still in the system, but not where the elitists wanted it to be parked. They are trying to get that money back, at your expense, through this bailout plan. Where is that money now? It is following a path from wherever the last seller of the toxic waste, before it went bad, spent or invested the proceeds from the sale of that toxic waste. Remember, these derivatives added nothing to the system. They are just a re-bundling of existing debt-type assets, with the proceeds being used to create more debt for more re-bundling, in what is truly a Ponzi-scheme, using the same money over and over again to create more debt. The only new money produced were the fees and commissions paid to do the re-bundling. What about the money that the current owner of the toxic waste has lost on principal and interest on defaulted loans? That money is in the future earnings of the defaulted borrowers, who instead of spending it on principal and interest to cover mortgage payments, will now spend it on rent and other necessities. And what of the lost leverage? That is being replaced by the dollars coming back into the system through de-leveraging, and which will be available for re-leveraging when it comes into stronger hands, as it must, eventually.
Further, our national debt is going to grow by leaps and bounds on account of these bailouts, and this affects our ability to repay, thus weakening the dollar further and exacerbating inflationary pressures. We are like a person who earns twenty thousand dollars a year and has two hundred thousand dollars worth of credit card balances. We have news for you. Those balances are not going to be repaid. The foreign holders of dollar-denominated assets are not stupid, and the dollar suffers in foreign exchange markets every time the debt ceiling gets raised. Our debts are accelerating. They are not leveling off. And these bailouts will put that acceleration into hyper-drive. Once the exit from treasuries begins, there will be no stopping it. The elitists want to jump-start the system so they can run the markets up again to complete The Big Sting Two, but this is a futile effort because everything else is imploding. Few can qualify for loans anymore, because the credit standards are being tightened and they are broke and overextended, and the ones who do qualify do not need it. What will businesses do with loan money when they have no customers left to buy their products? As the economy and the real estate markets continue to tank, the toxic waste will become ever less valuable, and now they want to plant that future misery in the taxpayer gardens. These bailouts must be stopped at all costs, or we are going to get vaporized later.
The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter. But it is sure worth giving it a try, because having the world’s reserve currency is very advantageous.
All this craziness reminds us of an old Genesis song, called "Land of Confusion." We note that our generation unknowingly, or ignorantly, helped bring the Illuminati into power, and now the Baby Boomers, who have tasted of their venomous temptations, are going to have to take them out. We know you can do it. You are our largest generation, and you have the most to lose, so you cannot, and must not, fail. All we can do now is teach you where things went wrong. It will be up to you to set things right, if not for yourselves, then for your children and your grandchildren.
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67 Responses to “A 700 Billion Bailout With No Review or Oversight Whatsoever”
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September 25th, 2008 at 10:30 am
I repeat the way this proposal is presented is an ATTEMPTED COUP D’ETAT holding the american people hostage, threatening them with economic terror, atempting to totally control the U.S. financial system. The private Federal Reserve in collusion with the banks have become very dangerous.
September 25th, 2008 at 10:36 am
I have a question. I have a little money in the bank should I pay off my mortgage or should I buy silver guns ammo and food? I can’t do both.
September 25th, 2008 at 10:53 am
I would buy survival provisions before anything else. I would also look into buying gold/silver coins that you can barter with in case of a total collapse. Gold/silver will be the only thing worth a dam if such an occasion transpires.
September 25th, 2008 at 10:54 am
Great article. Well told.
Always remember that back in the early 90’s after Bush Sr. had left office the running joke was that the S&L “scandal” could have been much worse if they had had control of the Fed Reserve, more people in Congress that could be paid off and blackmailed, greater control of the media, complict Treasury and law enforcement, and better laws that never allowed you to even question what was going on. The S&L scandal, which at the time was the greatest financial fraud in human history at $125 Billion, has been historical laid at the feet of the entire Bush family…Neil, Jeb, George, and George Sr. The so-called “Sub-prime” is IDENTICAL to the S&L scandal….though once those previous factors of control and collusion are instituted like mentioned above…the scandal can go into the 10’s of Trillions. That is the real price of this scandal…perpetrated by the exact same humans that were around in the early 90’s.
September 25th, 2008 at 10:57 am
Great VIDEO explains 700Billion Bailout
http://www.youtube.com/watch?v.....re=related
September 25th, 2008 at 11:02 am
RON:…GET THE GOLD, GET THE SILVER NOW WHILE IT’S STILL RELATIVELY LOW IN PRICE. AS SOON AS THE SHIT HITS THE FAN, again, THOSE METALS AND OTHERS ARE GONNA SKYROCKET. YOU CAN ALWAYS BUY FOOD WITH THEM THEN BUT YOU SHOULD ALWAYS BE PREPARED FOR 3-6 MONTHS AT LEAST. THE AMMO IS THE ONE THING I REALLY CANT TELL YOU EITHER WAY; I HAVE CHOSEN SWORDS KNIVES AND BEATING WEAPONS, I ALSO KNOW MARTIAL ARTS TO PROTECT MY FAMILY AND CASTLE!
September 25th, 2008 at 11:04 am
If somebody asked me; “What is the essence for yoo on Bob Chapmans story?”
It would be something like this:
Title: “The Land of Confusion”
“These bailouts must be stopped at all costs, or we are going to get vaporized later.
The Ponzi-scheme of the Illuminati; using the same money over and over again to create more debt.
We note that our generation unknowingly, or ignorantly, helped bring the Illuminati into power, and now the Baby Boomers, who have tasted of their venomous temptations, are going to have to take them out.
We know you can do it. You are our largest generation, and you have the most to lose, so you cannot, and must not, fail.
All we can do now is teach you where things went wrong.
It will be up to you to set things right, if not for yourselves, then for your children and your grandchildren.
The United States operates at a deficit, spending more money than we gained from our own production, and we need foreigners to finance our profligacy.
In order to help us finance this deficit, these foreigners buy our treasury paper with the excess dollars they obtain from their trade with the US.
They do this by having their central banks print more of their domestic currency to absorb the dollar forex which is flooding their economies due to trade imbalances with the US.
Their central banks simply print more of their own currency, which is then used in currency exchanges to soak up that dollar forex.
This process inflates their economies by dumping their own currency on their domestic markets while bidding up dollars which are then used to purchase treasuries.
While those dollars are parked in treasuries, they do little harm to US citizens via inflation, although we do have to pay interest on them.
The foreign nations then enjoy a competitive price on their exports to the US because of their artificially weakened currency, but at the expense of domestic inflation.
This system perpetuates the trade imbalances, and the inflation in the foreign nations.
Obviously, this cannot go on forever.”
Thank you Bob
September 25th, 2008 at 11:22 am
Im not from the usa, but man you have one f#cked up country and i feel for you guys.
September 25th, 2008 at 11:27 am
Have you all heard about THIS??
Department of Energy Demands 800 Billion Dollars, Threatens to Shut Off Lights
http://www.anarkhos.org/random.....risis.html
WASHINGTON, D.C. In response to threats by America’s major electric power companies, Samuel Wright Bodman, Secretary of Energy, has demanded 800 billion dollars from the U.S. Treasury to be used as he sees fit or he will turn the lights out on the United States of America. “Look, if you don’t pay up,” he warned, “things are going to get very dim, very dim indeed.”
September 25th, 2008 at 11:28 am
PLAN YA WORK THEN WORK YA PLAN THIS IS A CHESS GAME KNOWLEDGE IS POWER WE KNOW SO WE WONT FALL FOR THE OAKEY DOKE.
September 25th, 2008 at 11:31 am
To be clear and quote Bob Chapman again;
“…., but at the expense of domestic inflation.
This system perpetuates the trade imbalances, and the inflation in the foreign nations. ”
Outside the USA we also feel the long arm of the illuminati in the form of DOMESTIC INFLATION!
September 25th, 2008 at 11:35 am
Mark: I am not an American but believe me if The USA goes down so does every other country on this planet…. It is a financial breakdown and hyperinflation will take the world in to a black hole of death. So, whether you realize it or not, where you sit today and the country you’re in will go down too. I’m not giving you bullshit… that is just the way it will work out! So pay attention to what happens to the USA???
September 25th, 2008 at 11:47 am
I have several billion $$$ laying around the house…where do I send it??? Okay, so it’s Monopoly money, but the paper it’s printed on is very colorful and probably worth more than the funny money the FRB is printing!!! Heck, I’ll even throw in the pewter game pieces for smelting, if it’ll help!!!
September 25th, 2008 at 11:49 am
#9 WTF else is going to happen?? This is all too crazy!
September 25th, 2008 at 12:21 pm
I guess there’s no real men left anymore….I guess if there’s no free beer or tit shots,we can forget about our men getting off their asses and starting a Revolution…
September 25th, 2008 at 12:28 pm
Your articles are totally spot on every time but what can we or anyone do? This is all nasty and acts like a bubonic plague with our lives being the fodder.
Why did you never run for senate or congress? I guarantee that you would walk it now. Shame about the people whi did not listen nor helped to pass out the information dvds….I bet they will be the first to ask for help when it comes directly to their door.
We have been buying all the dvds copying them and passing them to friends and family, unfortunately maybe a little hard pressed into their hands and minds….
My daughter’s keep getting a bit embarassed because no matter where I go I end up telling anyone who is nearby about what is going on under their noses.
I ask again what on earth can we do. The interrupting of daytime TV by George Bush is all too poignant of, that it is a done deal, and nothing will change it. Elliemac1st, (wife of Kenny)
September 25th, 2008 at 1:07 pm
Treason is a capital offense!
Arrest Bernanke, Paulson, Greenspan, Diamond, Bush, Cheney, Clinton, et al for treason, malfeasance in office, and/or, in some cases, War Crimes and Crimes Against Humanity. American Common Law Grand Juries, American Common Law Courts and stout American Rope in a traditional 13-turn Hangman’s Noose can Restore the Republic! LIBERTY or DEATH!
September 25th, 2008 at 1:11 pm
I have another question. Couldn’t they outlaw gold and silver. I know if I accumulate it (I like the silver Eagles) I am going to hide it. But I would like some strategies on how to trade it. I have heard people getting arrested for trying to barter with silver eagles. I have heard Alex tell the story of the guy getting arrested for cashing in a Two dollar bill.
September 25th, 2008 at 1:11 pm
I have another question. Couldn’t they outlaw gold and silver? I know if I accumulate it (I like the silver Eagles) I am going to hide it. But I would like some strategies on how to trade it. I have heard people getting arrested for trying to barter with silver eagles. I have heard Alex tell the story of the guy getting arrested for cashing in a Two dollar bill.
September 25th, 2008 at 2:32 pm
# 12 Kev,is what you don’t understand is there still will be an economic crash,these elite bankers will stop at nothing to own the world with there NWO.The crash,North American Union,then the Amero for us here in America.We are nothing but tax slaves to them like Bush says in a u-tube video about Americans (Great tax payers is what he calls us),also should include the next 9-11 coming to a state near you.Do you realize how much money would be lost if the American people didn’t go to work,shop or anything else that dealt with money just for one freakin week,we could put the screwing to them too,there would not be any violence like they hope for there martial law.When are the american people going to get on the same page here.When is enough,enough.I am mad as hell right now.We shouldn’t be paying any money to these crooks.I am losing my house,not because of a bad loan,but because my husband lost his high paying job and we can’t afford the payments any longer.Are people like us going to get a bailout,hell no.We have been talking to alot of people and there are record number of people losing,higher paying jobs and homes in Amerika,the media says deadbeat homeowners,NO,people are losing there homes because there losing there jobs.We had good credit,not no more. All you people in congress,your all traitors to the American people,just remember your children will always be there tax slaves too.There is no end insight for ever of being there tax slaves.Explain this to your children dear congress traitors.
September 25th, 2008 at 2:33 pm
PLEASE READ!!! http://www.kucinich.com THE MAN HAS A PLAN!!!
September 25th, 2008 at 2:36 pm
PLEASE READ!!! http://www.kucinich.us sorry,not.com THE MAN HAS A PLAN!!!
September 25th, 2008 at 2:45 pm
The is a perfect description of a totalitarian enactment. This hijacking of our economy is a main means for the shadow government to initiate martial law in a full scale. I believe our only hope is getting the word out to as many people as you know. Don’t let ignorant people get you down because they choose their ignorance.
September 25th, 2008 at 2:54 pm
Ron:
Sure they could. Here’s a tip from my family tradition (being Bohemian Jews):
You hide that silver and gold good and the trick is to wait until _after_ the nasty folks are gone. Then who ever succeeds to power is likely to accept whatever silver and gold you have left after their predecessors obliterated your culture, your system of education and your faith.
Godspeed and good luck.
September 25th, 2008 at 2:58 pm
America, you have to wake-up and understand that it is not the people who can’t afford the housing who are creating the problem i.e. lower to middle class folk, its the one’s who like you said are consuming junkies….Everything the boob tube broadcast they just have to have it. From expensive luxury vehicles to extravagant homes with un-real price tags. And then what, when they can’t pay for it file bankruptcy? Our country is like unto a big fat man who has been continually digging in his cookie jar and not putting in what he has devoured until there’s nothing left but crumbs…and again whose left to clean up this mess…HARD WORKING AMERICANS WHO ACTUALLY CARE. Our nation has been fool by THE CURRENT ADMINISTRATION, into believing we are justified in our current actions…wars, excessive spending which is not justified by any concrete evidence but yet has cost tax payers $750,000,000,000 and counting and now we are expected to shell out another $700,000,000,000 for welfare to wallstreet, cause someone in the treasury dept think it a solution. We do this and watch where we will be next. If you have already mis-managed 1.3trillion, why are we obligated to fork up 7b more? Idiots are saying it for the best…okay what happens when funding is cut for schooling, seniors and military then what? Also these simpletons who think its a good idea…I guarantee if uncle sam showed up @their door and said we are collecting a thousand dollars a family to bail a failing irresponsible company…how many will be for it?…00000000000000000.1 America is a product of its own creation. We as a nation have no morals, no respect and no valor. Our country has become a bunch of talkers…the blind leading the blind. When we started removing Jesus there was no more God bless america. Amerika is the home of the GREEDY, the BIGOT and the IN JUST. THERE IS NO SUCH THING AS FAIR WEIGHTS. The rich get richer and piss on the poor…Sad but true. Mikell D Smith
September 25th, 2008 at 3:01 pm
I dunno why americans keep paying taxes. Not only they are illegal (amendment was never ratified), but they also amount to usury.
Stop paying taxes, and all these problems go away, no more wars, no more banks.
The greedy bastards raping you simply fizzle away the second they can’t smell any more cash coming from your arses.
September 25th, 2008 at 3:15 pm
Christie,
Way to go! I agree! I am one of those losing my house due to losing my job! High paying! Who is saving me from this and my credit? I did not make any bad investment decisions!
My plan to bail out the US that would save hundreds of billions of dollars….
Send $1 million to every man, woman, and child citizen of the United States. Let us do with it what we want. Pay off our mortgage and pay off credit cards and buy a car or boat or whatever! Talk about infusing the market with money! The bad mortgage debt would be paid bringing the housing market back up and giving the banks the money they so badly need to make new loans to the business that need daily working capitol. Sales for business would increase decreasing job loss. I would be willing to increase the national debt by $305,254,619 (the US population as of this post). Easy fix. Forget those wall street jerks who feel entitled to be paid for bad decisions!
Any comments, ideas?
September 25th, 2008 at 3:22 pm
This is another scheme to deplete the American people of their tax dollars which they want to go to the banking industry to bail them out. First they need to make all the CEO’S of these corporation give back the huge amounts of Millions which they are paid for SCAMING the people into believing they are being offered loans which will not backfire in their face, as they have. So we now need to collot the millions back from the CEO’S and the others who are paid millions for running these companies into the ground. Secondly they need to relinquish their stock options which they have accumulated (even though they are worth diddly right now ) before any bailout.
This should be retroactive back for at least 4 years if not 5 years. Third, we need to issue them loans at a higher interest rate a SUB-PRIME rate because they actually have BAD CREDIT. Hey…they do it to us so they only deserve what they give.
4th, we need to have full interest in the companies or 90% for the 1st year to the 5th year and then 80% the 6-10th year, and phase it out every 5 years 11-16 70% 17-22 years 60% and23-28 years 50% and that is where it stays besides being paid back any profits on the % we own and the interest on any loans. We call the salary shots and they will be nowhere near what they have been. They will be regular salaries like everyone else has to contend with. The most they can make will be 300,000 for the head CEO. That will equalize the market.
Remove the 3-4 credit reporting agencies who have destroyed peoples financial lives and start from scratch.
Bring Jobs back to America, no more tax breaks or goverment contracts for overseas companies.
No more illegals allowed into this country to work. Jobs for Americans first.
New world order…….shove it where the sun doesn’t shine. The harbinbger of world working class slavery.
Bring back America to people with a conscience and immediately fire the manipulators and crooks and remove all the lobbiest. Make Goverment smaller. Revamp the IRS Tax codes. Make tax’s simple. Stop taxing the little guy out of his ability to live and stop their horrific tax collection tatics and unconsciencable interest rates. Make them subject to collection laws of the state. Go to court and collect only 10% if they are the 1st lien holder. AND make sure the Corporations of the Rich companies and foreign corporations PAY TAXES because they are not paying them now. Do your homework and read so you willl know what I am saying is true.
Change the BANKRUPTSY laws so that the court will have the ability to change the amount of the loan and the interest rate, and bring back the old bankruptsy rules for the population which the corporations seem to enjoy right now.
I don’t know about all of you but I have had enough of this theivery. I really say NO BAILOUT but if it must be we need time to ask all the question necessary and get the correct answers and then initiate the above plan. That should equalize those bastards.
We also want to know what froeign corporations are running the FED’S we need an,es and officers and share holders and we want oversight against them. Yes folks Foreign covert corporations own the FED and we want to know who they are and this should be a prerequisite to the bailout. Chew on that one for a while.
My plan would make the American people money (profit) We could use the profit for creating JOBs (good paying jobs) for Americans, invest in green technology, Education, Health Insurance, alternative fuels new fields and on and on. %0% many years from now will pay Americans plenty and so will the 90%-80%-70% and 60% respectivly. I say we all call our senators and congressmen and women and ask them to consider this plan for a takeover as written.
We might be negative at first but we will change that status very quickly once we are headed in the right direction and the American confidence comes back.
September 25th, 2008 at 3:33 pm
#18 Ron
I purchase silver eagles myself. I also understand that the American government has confiscated gold and silver before, so I have worried a bit about what to do when the inevitable comes round again (After they’ve confiscated everything you own through inflation, they’ll want to get all of the value of the non-inflationary goods you own as well). This is what I foresee happening, and my advice:
You can just bury them.
Keep anough actual cash on hand to cover a month or two’s worth of bills. Hyperinflation won’t occur overnight, but there will be a bank run when it begins, and the banks will soon take an ‘extended holiday’. That will limit cash flow in the US to a point where people will be dying to get paid in anything, and they will still except your cash for a couple of months. But the people will wise up to the fact that our dollars are worthless before too long, and that’s when the black market will start up. The gold and silver are only going to be useful in the black market. You won’t be able to take them to the grocery store and buy eggs and milk with them because the government will be taking steps to regulate all currency exchanges at that point.
There was no selection at the grocery store in Russia when they got hit by hyperinflation. You got what was available, and it was priced at ultra high levels by the government (not the markets). If you take your now-illegal gold or silver into any formal store, you’ll be arrested and your wealth confiscated.
This is fairly good news for you. Since you can only spend it on illegal purchases, you won’t have to pay taxes on it, thus resulting in you getting to realize the full purchasing power of your gold and silver, unlike the dollar.
As for bullets… When is more ammunition ever a bad thing? It’s like beer, you can always do with another six-pack (especially if you’re going out to shoot your guns!!!). Besides, in the barter economy, bullets will soon be worth more than your silver, especially if a revolution breaks out. Can’t spend your silver if you’re dead.
September 25th, 2008 at 3:47 pm
Oh and by the way those funds are not going to go to bail out the little guy, nope. The people who are now in default of their Mortgage will not be able to get a loan (new Mortgage) because their credit is shot and they are so behind on everything, credit cards, car loans. They are robbning peter to pay paul. The banks will only give a loan to people who can afford the current value Mortgage of their home at alittle lower interest rate (maybe 1.5% lower) than the current lending rate. People have lost their jobs so they can’t pay and those people won’t be helped. Anyway they will not be bailing out those homeowners no matter what they say.
The Real Estate Market is in shambles, never have I seen it as bad as it is now and I have seen 3 market depression from the 70’s to the 80% to the 90% and they all were bad for a lot of people but never were they as bad as this. 70’s the market was tight but homes still sold for good prices. The 80% brought a real Mortgae crisis with 20% interest rates and homes still sold with FHA 245 loans with neg amoritization and when the market came back the people refinanced BUT homes were cheap and so was oil/gas,cars,clothes,food, and we were able to afford Health Insurance and enjoyed ourselves as well. College was affordable until the alzheimers President (Regan) who purported to call katsup a vegetable and want to tax toiletpaper and tell Americans that College should be more expensive and the Iran conta scandel (drugs)
BUT the 90% brought Home devaluation during the 1st IRAQ war home prices slid and didn’t recoup for a few years but they did recoup. Now here we are after all the good paying jobs moved overseas, the Unions are virtually dead in the water and cannot protect the american worker, everything including toilet paper has risen in price to an unaffordale height, your gasoline cost have risen by 350% and need I say more.
Don’t balme the homeowners who borrowed using the approved bank mortgages because if the appraisers for the banks didn’t appriase the home for a price the bank approved and the bank wasn’t lax on the qualification issues and didn’t offer this product them the problem would not exist. The banks told the people that they qualify for the Mortgage, so now tell me who is to blame?
September 25th, 2008 at 4:44 pm
Kim #24 I know what your saying,your speaking of the Zionist Jews (Talmud,Kabbalah jews)not the real jewish people, Zionist jews are behind everything bad in this world(NWO).The Zionist like to think there the real jewish people when clearly they are not.Zionist jews are Satan incarnate,one day they will join there master in hell.
September 25th, 2008 at 5:14 pm
All this represents is the beginning of the end my friends!! We are totally doomed and there is no way out!! They will crash everything and demand that there be a ONE WORLD ECONOMIC ORDER OR WE WILL ALL BE IN A GREAT GLOBAL DEPRESSION!! And this is how it all starts!! And there will be more bailouts and more bailouts until the new world order globalist luciferians own everything as in a monopoly game!! “”WE WIN!!” they will proclaim!! “”MONEY IS POWER AND HE WHO OWNS THE GOLD OWNS EVERYTHING!! AND HE WHO OWNS THE GOLD; MAKES THE RULES!!ahahahah!! ahahahah!!”"
BUT DON’T WORRY!! THE GREAT GOD OF HEAVEN HAVE BRILLIANT MEN AND WOMEN WHO CAN FIGURE A WAY OUT WITH HIS HELP!! But will the globalist allow their voices to be heard!!?? I doubt it!! For we that are on the net can and will clear this mess up or we are doomed!! And will our Congress bail us out with a responsible proposal!!?? I doubt it!! So it is up to us who are intelligent and spiritual to oversee what is going on!!
September 25th, 2008 at 5:39 pm
Hey Christine and Kim,
You forget that the reason a lot of women have rights in this country is because of Jews, and the so called Zionists. Zionism has very little to do with religion, your miss guided on that fact by definition it jews who support Israel…..Pretty straight forward stuff, so considering that most if not all jews support the EXISTENCE of a jewish state, all if not most jews would be Zionists…..You could blame a lot of things on individual jews, you can criticize Israel for there human rights violations against the Palestinians but to say they don’t have a right to homeland is absolutely ridiculous. That would be like Italy taking the Vatican because they don’t like catholics. I’m sorry but no matter how many hairs you split it all comes down to the same thing. YOU BEING AN ANTI-SEMITE.
Sorry but it’s the truth, I hate labeling anyone but what you say is disturbing enough to warrant such a claim. I’m not even jewish and recognize hate literature when I see it. So if it makes you feel better to be little the small population of jews go right ahead but don’t expect anyone with a rational perspective of thought join you in your crusade. All you are accomplishing is blaming others for your mistakes. I bet you wouldn’t say that in public forum, because not only will you be laughed at you will be so shocked that there are people in this world that actually respect other religious organizations aside from there own.
Only ignorant, narrow minded people share that sentiment. Would you like to join ignorant people on there ambitious crusade or would you rather surround yourself with the brightest and smartest minds, personally I chose education over ignorance. The day that the government opens it’s mouth to attack a respected religious group within this country is the day I move. No way will I have my hands on something as ignorant as that and I hope you realize that as long as there are rational people there will always be an opposition to that way of thinking.
September 25th, 2008 at 5:43 pm
Unfortunately we see the very words of George Washington coming true before our very eyes as in this quote from his farewell address:
“If in the opinion of the People, the distribution or modification of the Constitutional powers be in any particular wrong, let it be corrected by an amendment in the way which the Constitution designates. But let there be no change by usurpation; for though this, in one instance, may be the instrument of good, it is the customary weapon by which free governments are destroyed.”
GEORGE WASHINGTON, farewell address, Sep. 19, 1796
May God have mercy on his people during this time or trial and tribulation and may we be found courageous in our duty to defend and protect our constitution against all enemies foreign and DOMESTIC. We have allowed our country to be hijacked. We are all guilty of turning a blind eye through the years. Now let us redeem ourselves in our country’s greatest hour of need. Let us use every peaceful means to change its course. God forbid that we should ever have to take up arms, but let us not shrink back from our duty, if that particular duty calls.
September 25th, 2008 at 6:08 pm
to #35
the broken record “anti-semite” claim is getting rather dull man. it already sounds like a 2-dollar hoe from market st.
the sole reason the world basically a toilet, is due to some specific group of people, “the unnamables”, which have decided to portray themselves as eternal victims,
…. justifying their greed, belligerence, corruption, drugaddiction, using the eternal victim trick-negative : “you just say I am a greedy bastard, because you are an anti-unnamable” boohoooooo where is mommyyyy….
everyone can see this, and people are getting fed up with the whole charade.
and now the people see a trillion disappear into the unnamable’s bank accounts, that’ll sure help !
September 25th, 2008 at 6:24 pm
I’m very angry at the prospect of this unwarranted $700 billion bail out for private Wall Street institutions !!!! I think that money could be better spent on the following:
1.) Repair all the roads, highways, bridges, and other (federal) public works.
2.) Build new airports and expand existing ones.
3.) Provide more funding for more U.S. Border Patrol agents to guard our borders.
4.) Provide more funding for the U.S. Customs agents for our ports.
5.) Provide more funding for V.A. hospitals and programs to assist veterans of the Iraq and
Afghan wars (such as PTSD). Plus 100% disability to all veterans needing it.
6.) Provide more funding for the G.I. Bill for all veterans.
7.) Provide more money for Pell Grants instead of student loans.
8.) Provide assistance to the first responders on 9/11 (WTC) suffering from illness related to that event.
9.) Aid the victims of both Hurricanes Katrina and Ike.
This is just a partial listing!!! The government should not bail out these banks and investment firms. Instead there should some congressional hearings and investigations by the FBI, IRS, SEC,
and other federal agencies. The people who have created this mess should be sent to prison!!!
And to prevent a future crisis such as this, Congress and all state governmets need to tightly regulate Wall St. and enforce anti-trust laws.
September 25th, 2008 at 6:26 pm
The usual people who started and ran the Money Bombs for both Ron Paul and I believe did for Alex Jones also, are now attempting to run one for a chosen third party candidate if they get enough signed up backers. Now that a candidate seems to have become the most preferred, I recommend going to this website………
http://www.thirdpartyticket.com/
It is called “Third Party Ticket”. This is the central point at this time, even though it was not known that it would be because of Dr. Paul’s Chuck Baldwin endorsement since it started last week, that will get anything as a group that is organized done. Go there and read about it and become part of it. Tnx.
Rhonda
September 25th, 2008 at 6:54 pm
jesse all the wisdom in this world is foolishness to the only true God, and if you don’t believe Jesus is the son of God and our savior then you are doomed along with the Jew and other corrupt bankers. God says in Rev. ch.2 and ch.3 “I know the blasphemy of those who say they are jews, and are not, but are of the synagogue of satan. If you mean rights of women to kill babies and for 2 women to marry each other or 2 men that just proves our point. It is evil and is a lot what’s wrong with this once Christian nation. We are on our way down, and I’m just glad I know Jesus. May God bless and help you.
September 25th, 2008 at 7:57 pm
I just read that WaMu is poised to fall, and I thought “Of course! Why not? Now that the Big Bailout is in effect, why would any bank even attempt to save itself? Just let it go and apply for taxpayer funds!” I have a feeling we are going to see Phase 2 of this debacle as soon as the ink is dry on Paulson’s initial holdup note. Oh, the law of unintended consequences.
CC
September 25th, 2008 at 8:14 pm
good timing for the “Amero” currency !!!!!!!!!!!!!!!!!!!!!!!!!
http://www.youtube.com/watch?v=lm_xX1Ur43I
September 25th, 2008 at 8:25 pm
I guess the only thing that will wake this country up is when their at the frount door with M-16’s.
I give up. We are in for a hell of a ride!
Good luck all.
September 25th, 2008 at 9:27 pm
I thought my plan was a good one, a 100, 50 dollar gold piece. a 20 and 10 and 5 silver piece and lets get rid of all of those fed notes. Prop up the dollar with a precious metal and you will care not what bank slides down the hopper.
Of course that is not really my plan, it was the framers of the constitution.
September 25th, 2008 at 10:58 pm
If one gets too harsh critiquing, then someone inevitably brings in the old “single white crow” fact. “A single white crow is sufficient to prove that not all crows are black.”
When the Anglo Saxons rule, you get Western Civilization. When the jews float to the top, everyone becomes a Palestinian.
September 25th, 2008 at 11:18 pm
IT’S THE DERIVATIVES, STUPID! this what you need to talk to you congressman about not mortages!
September 25th, 2008 at 11:28 pm
We’re confronting a Senator on Saturday.
Death to the Federal Reserve. Long live the Republic and American people.
September 26th, 2008 at 12:12 am
Bob Chapman is one smart cookie. He mentioned in a previous interview with Alex that the American people outnumber the police and military 200 fold. Some of us will die, that is true, but our children will live free after the dust settles. I say everyone go purchase as many rounds of ammo as you can afford, this will send a chilling message to the Illuminazis. Say it is for your shotgun.
Become self efficient and get out of the cities. Make sure you have a well on your property. Mankind was fine before the fiat currency came into existence and will be better off once it disappears. Bartering is the future currency. Buy chunky soup by the case. Have a means to transport water. Water will be absolutely crucial in the very near future. You have nothing to fear. Get prepared. The best thing about this financial melt down fiasco is this, those people we love who never listened before, will see how bat shit insane their handlers are and will finally wake up to this reality. I think Congress will not bail out these crooks. They will be visibly complicit if they do. AND Congress does not want to let that dirty little secret aired, ever.
September 26th, 2008 at 12:44 am
If congress is willing to bail out these private companies than they should bail out the people who lost there homes as well.I say let these lenders go under.Fuck em they deserve it.
September 26th, 2008 at 1:20 am
OMFG!
September 26th, 2008 at 1:22 am
alex is not s fraud! Im upset. I am wanting pitch forks and torches wipe out wealth. Marshall law is immenent.
revolt
September 26th, 2008 at 1:23 am
crash now dont be a fool…crash now is better than rewarding the crooks
September 26th, 2008 at 1:24 am
ron paul speaks the truth
September 26th, 2008 at 1:24 am
The American People WILL NOT BE DENIED
September 26th, 2008 at 1:25 am
Pain now or Pain tripled later
September 26th, 2008 at 1:25 am
Bankers or Liars
September 26th, 2008 at 1:26 am
hang all government elected officials
September 26th, 2008 at 1:35 am
On another note. I reckon they already printed the monopoly dosh, so even if kongress does not pass the motion, they’ll (the scammers in charge) just pocket that dosh, and will probably be happier even.
September 26th, 2008 at 3:41 am
GET OUT AND PROTEST GET BANNERS PROTEST IN THE STREETS THESE FUCKERS ARE NOW DELAYING BECAUSE OF PUBLIC ANGER. WE NEED TO STOP THIS
September 26th, 2008 at 4:09 am
http://www.new.facebook.com/ev.....7835752070
Here’s an EFFECTIVE protest… spread the word!
Sheehan gets YOU to bring YOUR bills to ask for some RELIEF!
Show ‘em who’s boss! You are!!!!
September 26th, 2008 at 4:58 am
The 1992 Presidential Debates with Ross Perot were not dull. His warnings have now come true. Replace John McCain with Ron Paul. Add Ralph Nader and Cynthia McKinney. Barack Obama must earn his victory, not win by default.
September 26th, 2008 at 5:04 am
If you let this BS bailout go through then the US Dollar is toast. FACT!
This means you won’t be able to feed yourself or your children. This is an attempt to sieze power by a criminal fascist regime.
Stop them by any means! Any bailout should be bottom up not top down.
Banksters are responsible for the mess and should be removed and arrested.
September 26th, 2008 at 5:16 am
If you do not want the US Dollar to become a danger species and taken over by the Chinese currency protest using Hot Dogs wrapped in electrical tape. Leave wrapped Hot Dogs on the Wall Street and on the Banks.
September 26th, 2008 at 5:46 am
FYI - big brother is watching.
I posted a blog on our local newspaper here in Melbourne Australia *Heraldsun.com.au replying to an article about the bail out and how congress has delayed it. Basically I quoted the Infowars peice on how there will be no accountability to the US gov for giving the $700bn (Now announced as $840nb)
Anyway, my blog wasn’t posted and half an hour later, the whole article was gone. AT 10.00am in the morning!!! Gotta love the free press
For Aussies wanting to do something, hit me up at freeaustralia@hotmail.com
September 26th, 2008 at 6:42 am
#65 SteveOZ
Howdy Steve.
Iv’e witnessed the decline of Australian “NewsPapers”…they are now nothing more than “SoapyMagazines” intermingled with “spun” news? items!!!
I use them for wiping my arse with…if i run out of dunny paper!!!
My old man said 24 years ago that the events now unfolding would happen…he fought the Japanese for our freedom…and on a real still night i reckon i can hear him cursing…from his grave!!!
Fuck the Globalists and fuck their filthy money!!!
I do know one thing…the cunts will wish to christ they had never been born…when the hammer finally comes down!!!
September 26th, 2008 at 10:33 am
H.R. 2755: Federal Reserve Board Abolition Act submitted by Ron Paul 2007 sits with no action. Let’s get this moving people, put the screws to the Elites!
September 26th, 2008 at 11:34 am
I trust Bernanke.
He even looks honest.
September 26th, 2008 at 11:48 am
LOVE YOU POST 35 GLAD THERE IS AT LEAST ONE OTHER PERSON HERE WHO DOESNT BLAME GOD’S CHOSEN PEOPLE, THE JEWS, FOR ALL THE WORLD’S ILLS. AT LEAST YOU HAVE DONE YOUR HOMEWORK.
AND POST 38 A BIG FAT AMEN AND GOD BLESS; (I AM CANADIAN BUT WHATEVER; I AGREE WITH YOU ANYWAY
)
September 28th, 2008 at 7:34 am
Damned if they do, damned if they don’t.
If the do; then the pro unregulated market capitalists will be proven wrong and that their market “failed” and had to be “propped up”. Why are they not all shouting “No regulation, free us, we can fix this”. Why are the begging for “help”…just so they can prevent a “loss” of predicted/needed profits.
If they don’t. No more profit can be turned from the market, investors run a mile, humans get made redundant, and the world economy grinds to a halt. There potentially could be heightened talk of “cold war” and maybe a “war economy” will be floated as the way to get things back moving. - Do we really want to repeat the blood shed of the 20th century? Not in my name.
So the market ceases to be “capitalist” if the assets are owned, collectively, by the people ( via the gov ) if they “do bail out”. And the market ceases to exist in terms of profit generation ( depression of profit ) if “they don’t”.
One necessary consequence of being unable to “turn a profit” in a capitalist society is that you have to cut labour costs. So the one thing that should be more than evident in this “crisis” ( raises another point about the cyclical nature of crisis in capitalism and why we, as human, put our faith in a system that only works ’sometimes’ ) is that this system is not actually here for our benefit as humans, as a whole, but only for the generation of profit. It has scant regard for “our plight” when it’s got a “downturn”.
I, for one, back a more human approach to the whole thing. I understand that we, as a collective ( look around you.. where did you get that tea bag ) , have the power to define tomorrow and define it for humans instead of waiting to see what these “malfunction” markets have to bring.
http://www.realityinfo.org