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Ron Paul on the Failed Bailout Vote
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September 29, 2008
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September 29th, 2008 at 5:07 pm
-777 ?
September 29th, 2008 at 5:11 pm
That’s in bloomberg as well folks, the fed pumped more money into the system anyway…hmm how much would they have pumped if this bill went through? they are very sneaky people and the fight continues I suppose…
September 29th, 2008 at 5:12 pm
A glimmer of hope today…but still much economic woe ahead, folks.
September 29th, 2008 at 5:12 pm
When i was a young boy, my friends and I played Monopoly. When we caught the banker dipping into the bank as if it was his own personal petty cash fund, little Johnny became unemployed. And he was convicted by his peers to never play the game again.
September 29th, 2008 at 5:13 pm
RON PAUL IS OUR HERO.
Rhonda
September 29th, 2008 at 5:13 pm
I had to listen to good ol’ RP a couple of times. I am so used to these politicians feeding me BS that his solid facts and honest analysis caught me off guard. Looks like it will be beans and rice from now on…
September 29th, 2008 at 5:14 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 29th, 2008 at 5:15 pm
Well he gave us the good news…
the bad news is this may make a false flag-implementing martial law event even more likely. Like AJ says, we do have them on the run. Keep up the spirit and rage the infowar- Even Ron said it himself ‘it was the emails’. That is EXCELLENT! See how easy that was? Keep the Faith
September 29th, 2008 at 5:17 pm
Audit the FED!!!!! Go Ron Paul! I wish ALL of Washington thought like him. =/
September 29th, 2008 at 5:17 pm
It is not over. They always comeback with a re-worded version and do it again.
September 29th, 2008 at 5:18 pm
I wrote McCain to put Ron Paul on as VP, to ditch Palin.
September 29th, 2008 at 5:19 pm
Anybody else notice how the Dow Jones loss hit 777? That’s a win on a slot machine!
September 29th, 2008 at 5:22 pm
Spoken like a true Patriot. The truth is like ice cream for your ears!
September 29th, 2008 at 5:23 pm
paulson and other jewish cohorts need some cash… i do not see a problem of giving these jewish brethen more billions to squander… come on goys pitch in help these greedy mother fuckers
September 29th, 2008 at 5:23 pm
True, they will always come back and if that don’t work, then the false flag economic attack will makes us beg for them to sign this thing.
September 29th, 2008 at 5:24 pm
ron paul needs to rev up hs campaighn and wipe offf that shit snot name mc cain and hockey mom whore pailon and that chump obama
September 29th, 2008 at 5:26 pm
Way to go RON PAUL!!! God I love this guy.
I wonder if the FDR NWO has there scopes on him after this little interview..
September 29th, 2008 at 5:28 pm
WHY did he not FIGHT more and not given up his candidacy?!!! He could have started a third party and would have had a lot of people supporting him.
VERY disappointing…
September 29th, 2008 at 5:32 pm
Good job folks!! It was our discontent for this bailout that had our elected reps. shakin in their shoes.
Now we must take the lessons learned and downsize the Gov., get rid of the Fed exch. and restore this nation. No more can they ignore the power of the people, we are not a force to be trifled with.
We now have the momentum, lets take the fight to them.
September 29th, 2008 at 5:45 pm
HAHAHA! FUCK YOU BUSH, FUCK YOU CHENEY, Curse is foiled again! Right on Ron Paul more freedom, Less government, Legalize Cannabis TODAY! Fuck the CIA, And The FBI James Dean and all you Neo Con Flops! Death to the New World Order. Now go wipe yourselves! Aloha MCB
September 29th, 2008 at 5:46 pm
Dee Dee if your disappointed do something yourself and get active in your local campaign for liberty meet up group or find them on meetup.com. Good luck. We’re taking america back from the ground up-Restore the Republic!
September 29th, 2008 at 5:49 pm
Today was a victory for WE The PEOPLE!
I just hate the notion of a no-vote, though…
If you don’t want to vote on certain things, don’t run for Congress in the first place!
September 29th, 2008 at 5:49 pm
So, If the government has already borrowed so much and they borrow all the time, what was the point in this bill, if they can borrow it anyway?? (they aren’t supposed to be able to, but they do) We didn’t have to pass a bill for them to bail out Freddie and Fannie and the several other banks that hey have have already bailed out, then why was this bill such a big thing?
And alright, so the bill didn’t pass, great! That still doesn’t fix anything, slows down the rate that the economy will fall, but it still doesn’t fix the situation. Inflation is still occuring and the banks are still borrowing. The system has to be redone so that it will work… for good, not just a few years.
And… the agreement isn’t much different. Just a bit more regulation of the plan and they were still given 250 billion dollars, the president is granted 100 billion more just with a signature-like he wont, he wanted 700 billion in the first place. And then 350 billion will be granted with congressional approval, not saying that they will, they didn’t approve the bill, but it almost seems to me that they made the deal just to calm the people down to not think the bill went through and a “good” compromise was made. Pfft give me a break.
September 29th, 2008 at 5:52 pm
No matter what they do , what they say , NWO is falling apart…they better pack and hide, because things are going to get even worse ,ofcourse for them in few days.
September 29th, 2008 at 5:54 pm
A concern I have is that they’ll use this “failed bill” to blame Congress for a huge crash in the coming weeks – and transfer even more power to the fascist elites.
September 29th, 2008 at 5:55 pm
oh btw forgot to add this NO to bail out is going to unlock other others to other more NO’s.. and finaly even take back Fed.
September 29th, 2008 at 6:01 pm
Congress is listening. They will try to make a second pass on this. We have to keep the pressure on. Continue to call your congressman!!! We can beat the NWO!!!!!
September 29th, 2008 at 6:04 pm
I CANNOT BELIEVE YOU PEOPLE DIDNT FIGURED OUT IT YET..
They knew the bailout wouldn’t accepted that’s why they are putting troops on the streets for the coming martial law.. and bailout or no bailout the US economy will collapse and then the rebellion starts and all of you go to FEMA CAMPS
Conclusion: EITHER WAY YOUR ALL GOING ON THEIR PLAN NO MATTER WHAT DECISION YOU MAKE
September 29th, 2008 at 6:08 pm
Do you have a point to make bitch#31. Your stupidity is proportional to your age.
September 29th, 2008 at 6:10 pm
For those who say “my solution” is stealing:
I’ll bequeath unto you a little example:
Let’s say you and your family are left with nothing—no money, no food, nothing. Now, the only option for you is to steal a loaf of bread from a corporation (e.g. credit card company), to feed your children or else they starve to death. Would you do it? I would, thus, my children live. You wouldn’t, thus, your children die. Sometimes, the right thing to do is the immoral thing to do. Look up moral consequentialism and learn something.
==========================
For anyone else whining:
This solution worked for my friend successfully, who filed Chapter 7 just last year. It works! You just have to be smart about how you do it.
Moreover, You CAN’T be thrown in jail for debt, UNLESS:
1) It’s for income tax evasion <- Not Applicable
2) It’s for child support evasion. <- Not Applicable
3) It’s found fraudulent. <- (which I already covered) If you make it look legit, then you can’t be found fraudulent.
Furthermore, the debt that you accumulate does NOT get paid back from our pockets! When a credit card company grants you a credit limit increase, do you know where the money comes from? It’s called fractional reserve banking, meaning they can loan up at a minimum 10 times for every dollar. This means it’s created out of thin air, NOT from our pockets! Thus, paying back the debt doesn’t come from people like you and me.
Besides, the merchants you buy from will be happy because you’re purchasing their stuff and they get paid regardless. You only end up screwing the credit card companies! Woe is them!
By the way, I know stealing is stealing. I did say it was immoral (read above) and I also posted something about moral consequentialism (read above). But you won’t be complaining about stealing when you’re starving on the streets after the police take your house away.
September 29th, 2008 at 6:11 pm
Save your money. Eliminate unnecessary expenses. Stock up on necessities.
September 29th, 2008 at 6:15 pm
…Ah-bdi…be damn !!! Ma man !!!
September 29th, 2008 at 6:26 pm
Time to “Think Outside” the box here .
The Administration comes to Congress (The American People) with a 3 page outlandish bill that basically reeks of corporatism / fascism / tyranny , all under the guise that the economy will fail if not implemented immediately.
Q) Did the administration expect Congress to pass it as it was ?
A) Of course not , that’s why it was so outlandishly written . The initial shock of the wording of the bill was to get a majority of Congress to reject it outright , not to mention reject any form of rewritten legislation to come . Also to shock the American people to vigorously protest any form of bailout of Wall street .
Q) Did the administration want the bill to be passed ?
A) Probably not . The administration can’t lay blame on Congress for the inevitable collapse of the economy if they pass a bill the administration claims will solve the crisis .
Q) Did the administration have anything to do with the current crisis ?
A) Probably . Dennis Kuchinch spoke with Amy Goodman today on Democracy Now stating @ 7:00 minutes into the interview that after a former head of the SEC spoke with a few members of Congress telling them that the administration has been pressuring the banks to substantially increase their reserves , thus limiting available credit. He also goes on the state the he feels that the current crisis seems “manufactured” .
Link to the interview is here -
http://www.democracynow.org/20.....s_congress
Personally , I think this is just what the administration wants , martial law , cancellation of the election , COG (continuity of government) based on the “manufactured” collapse of the economy.
NS
September 29th, 2008 at 6:29 pm
wait so.. they fund the bailouts without the bill? So couldn’t that obviously mean that the bill was for the purpose of changing the financial power structure ?? wtf theyve spent 600 billion already how come no ones talking about that???
September 29th, 2008 at 6:33 pm
You idiots now they will do alot worse… and we don’t know what they are really capable of, all these years we’ve only seen a small slice of their pizza…
the coming days will be interesting..
September 29th, 2008 at 6:40 pm
HOW STUPID ARE SOME OF YOU PEOPLE< SOOO STUPID YOU DON’T EVEN KNOW YOUR STUPID.
THIS COUNTRY IS BEING CONTROLLED BY THE SKULL AND BONES, THE OCCULTS.
September 29th, 2008 at 6:42 pm
Matt, that was just their Vacation/Holiday Bonus.
September 29th, 2008 at 6:45 pm
Thank you Ron Paul!!!!! Once again, you’ve proved that you’re on the side of the American People and the Constitution. I bet OBAMA and MCCAIN feel STUPID right now since they both favored the BAILOUT aka Treasonous THEFT!!!
September 29th, 2008 at 6:49 pm
@ #41 ….its not the jewish bankers..its the 150 million christian evagelical anglo/aryans ( who voted for george bush,and who will elect cheney) who are holding america by its throat
September 29th, 2008 at 6:49 pm
Lol. Right. Did he not read the bill? It was to try to take over the economy.
Regulate the Fed?
Abolish the Fed!
He is not the Person for the Job.
September 29th, 2008 at 6:50 pm
i mean they will elect the other old white guy..i forgot his name..but does it really mather
September 29th, 2008 at 6:53 pm
Why do these People Blame the Jews? Blame yourselves for buying into this system, for spending money you didn’t have America!! Start living beneath your means and saving, instead of living beyond your means and going into debt. – The Solution is so simple, and Ron Paul Sums it all up. – This System is Destined to Collapse – It is mathematically inevitable – and mathematics is the purest and most incorruptible form of communication. – JUST LEARN TO COUNT!!! Even Einstein recognized that the most amazing thing he ever encountered in all his study was COMPOUND INTEREST!!! – LEARN TO COUNT!!! GET OUT A DICTIONARY AND LOOK UP THE WORD “INTEREST” – THEN LOOK UP THE WORD “INFLATION” – THE BORROWER IS SERVENT TO THE LENDER SO DON”T BORROW, AND YOU WON”T BE A SERVANT!!! – And all you Jew Blaming Morons out there – All you are doing is adding fuel to the fire – Alot of you are Feds – And the rest of you are Playing into the Feds Hands – SO GET OUT OF THE WAY AND LETS ENGAGE IN SOME REAL DISCUSSION!!! – FOR GOD’S SAKE< THIS COUNTRY IS ON THE BRINK OF REVOLUTION – GOD HELP US!!!!!!
September 29th, 2008 at 7:04 pm
i wrote my congressmen!
September 29th, 2008 at 7:04 pm
Oh Machinehead61 your missing a lot of information in your post. Let me clear some things up for you
1907 JP Morgan started a false rumor around New York that a bank was insolvent causing a run on the bank and others. Thus causing a slight decline in market power. This was used to show the people that centeral bank was needed to protect the people from future bank runs. Note that JP Morgan was considered a Leutenant of the Rothchild banking cartel.
1893-1897 was caused by the bankers getting an act push through congress remove the valuie of silver from the economic trading as well as contracting the dollar amount in the country since the close of the civil war from 1.8 billion down to 0.4 billion (4 hundred million) dollars. Trying once again to put a centeral bank into power.
1937 was at the hight of Andrew Jackson fight to abolish the Second bank of America. At this time the chairman of this centeral bank threatened to put the country in a depression if they permit Adrew Jackson to win this war. And he did. We word got out that he caused this depression to happen the congress then voted with Jackson to abolish this bank.
Every time the bankers have thier chance they put the US into war or depression to make more money and control more of the land. The great depression in the 30’s was made to happen so they could by up corporate busness at pennies on the dollar. This shit that is happening today is so bankers can take control of the phisical land. No one depression has happened in the US were bankers did not deliberatly make it happen
September 29th, 2008 at 7:07 pm
To commenter #41
WOW! If you look around at whats going on that, is prophetic.
September 29th, 2008 at 7:09 pm
machinehead, Marx was a tool and hired hack of the bankers. Yeah, we had money panics before the Federal Reserve was formed, and they too were engineered by the bankers to justify the creation of the Federal Reserve. As Ron Paul pointed out in another interview, this wasn’t caused by free market capitalism and deregulation, this was caused by cronyism, corporatism and the marriage of government and business
Watch the Moneymasters and learn, and forget about Marxian drivel.
September 29th, 2008 at 7:17 pm
viva la revolution!
September 29th, 2008 at 7:19 pm
Dear Susan,
I am seeing great danger in accusing all jews of opressing the world.
You would be accusing 14 million people (probably most of them suffering from the system themselves).
By doing that you give the small group of private bankers an enormous armor of flesh and blood.
Language is a powerful weapon so let us use it wisely precisely like calling them something like
power-obsessed media controlling terrorists loaning money at interest to enslave the world.
So i hope you agree that it does not make any sense calling them jews just as it would not make sense
calling them other ethnic or religous group labels giving them more armor.
This small group of people just gains more power by dividing the people into different groups and conquering them by making enemies of them.
You can only describe people by their specific behaviour.
People are individuals if you tread them like individuals.
If you tread them like machines you will crash your head on the wall.
Read learn and write make love not war think for yourselvse peace
September 29th, 2008 at 7:22 pm
Ron Paul talked about ages how there is too much regulations
September 29th, 2008 at 7:30 pm
This anti-semtism and bible thumping is what discredits this movment.
September 29th, 2008 at 7:30 pm
Just wanted to say Thanks again to Dr. Ron Paul and Alex and everyone else who called their Congressmen/Congresswomen. Keep up the good work folks.
In time we will win. Good will always pre-vail over evil. Abolish the FED and crush the NWO!
September 29th, 2008 at 7:31 pm
JOE #58
I agree completly I mean calling them shapeshifting yuppie vampire banker scum or devalued human assests leaching pig demons. But for sure saying that it is all Jews and not a powerful group of small elite, I tend to like how Alex emphasizes that they are a small group that is spread throughout the system. Saying it is all jews is as appauling as African Americans saying that the European Americans owe reperations
September 29th, 2008 at 7:36 pm
The “conspiracy” is NOT Jewish. Its Satanic. Pick up your Bibles and give it a read folks.
September 29th, 2008 at 7:40 pm
All right. Looking at things logically in the “war” for our minds, it seems that we are not growing fast enough in equivalent to “them” coming out with all these laws, rules, regulations, and upscaled brutality. There are still so many people to “waken up”, but I see there is one thing that will get the people to muster together to the point of believing people like this group who bravely met and had their “down with the regime” conference.
Most people say here and some have even called into Alex Jones’ radio show to say that they are having such a hard time getting others to believe the “truth” stories. Yes, many have “awakened”, but percentage-wise, it is small. There is only one thing that will snap all the nation’s people to finally “get it”, where people who are like this brave group and those handing out “truth” DVD’s or flyers, will be able to be listened to almost immediately. That one thing might happen in the next 40 days or maybe an additional 75 days or so. It was said here by others and has been spoken about for years, starting from the Clinton era before he left office.
The only thing that will snap the entire country into “awakefulness” or realization of the “truth”, is to have Marshal Law, to stop either the presidential election somehow or to stop the transfer of power over to the president elect. All other Constitutional laws have been broken by this regime and the people have accepted it, but it seems that they want to have the Constitutional election. So what we need is to have that Marshal Law which seems to be the only thing that the people are saying that they will accept for stopping an election by the Constitution.
If the election or transition of power is done, then I would tend to believe that we really are in trouble because no one would transfer power, which technically is the same thing as giving oneself up to the authorities for crimes committed, unless that person(s) was assured of a safe haven and if a safe haven is available, that means that whomever is taking over the power position would be condoning all crimes committed and therefore would be just as bad as this regime. That allowance of the transfer of power would then obviously be done for a facade, to help fool the people, making it look like “CHANGE” actually is happening, when it would not be.
MARSHAL LAW (or the stoppage of the presidential CHANGEover) IS OUR SAVIOR that will gather the people together in one fell swoop that is not happening now,
Rhonda
September 29th, 2008 at 7:42 pm
I hope to God that he’s still able to run for President in 2012.
September 29th, 2008 at 7:46 pm
http://clerk.house.gov/evs/2008/roll674.xml the vote is your man in on it? call them
September 29th, 2008 at 7:49 pm
Being a Jew, is basically a faith and belief system and nothing else. Following a religious belief is like just that, an act of faith. On the other hand, satanic beliefs is more than being religious, but its in a sense rebelling agianst god and his teachings. The problem does not lie with Jewish Bankers, but sits out of england and secret societies of the royal families. As a matter of fact, in jewdiusm, we believe that we bow before no man or woman accept in prayer to god. Supposdely, we in America feel the same way. Now, on to the globalists. We need to wake up more people altot quiucker. Perhaps we can pool our money together and get a patriot channel going over cable and satellite.
Oponions please.
September 29th, 2008 at 7:54 pm
Rhonda @ 65
I respectfully disagree. Martial law won’t be what wakes this country up, because with our current police force, draconian officials at the highest levels of government, and the ULTRA illegal Fed Reserve and income taxes, we already have a fairly militarized country as it is. [Proof: the prep for the two political conventions this year resembled China's prep for the Olympics. Denial of Constitutional Rights, SWAT teams putting down protestors, etc.] The only thing that will wake the people up is when they try to take away our guns. That’s the universally recognized death knell for a Republic or Democracy. It’s one of the first, and most fundamental steps in instituting martial law, but the martial law itself wouldn’t cause the revolution.
My dad, a police officer, is going through the new FEMA training program right now (literally as I write this). We were talking on the phone over the weekend and he told me that they covered the system for the removal of weapons on the first day. He’s a cop, and he told me that even he believes that this FEMA plan is too military, and that it is VERY bad news for the country. A police officer, currently undergoing FEMA training for emergency response told me point-blank this weekend to buy as much ammo as I could afford, and that he finally believes it is merely a matter of time before this stuff begins for real. If the cops are that scared of this FEMA plan (they’re the ones enforcing it, not being trampled by it), we (those who will ne trampled by it, not enforcing it) ought to be TERRIFIED.
September 29th, 2008 at 7:57 pm
Ricco from canada Says:
Oh Machinehead61 your missing a lot of information in your post. Let me clear some things up for you
1907 JP Morgan started a false rumor around New York that a bank was insolvent causing a run on the bank and others. Thus causing a slight decline in market power. This was used to show the people that centeral bank was needed to protect the people from future bank runs. Note that JP Morgan was considered a Leutenant of the Rothchild banking cartel.
I am aware of Morgan, and his attempts at seizing the banking power of this nation.
He is an example of capitalism at work, as predicted by Marx.
That he was able to initiate a panic does not prove that he created the pre-existing debt.
The capitalist system created the debt that was waiting for an event to trigger the panic.
Same for 1893, the same for 1837, the same for the colonial times.
The debt was already in place – no central bank needed.
This is pure math, not political dogma.
Profit displaces wages.
Steve
September 29th, 2008 at 8:10 pm
That’s dead on #61!
The people in here posting messages that blame specific groups like the jews, masons and such are either spooks trying to divide the movement or they are narrow minded fools!
September 29th, 2008 at 8:11 pm
“Language is a powerful weapon so let us use it wisely precisely like calling them something like
power-obsessed media controlling terrorists loaning money at interest to enslave the world”.
Joe this has to be the best non-accusatory statement in the entire thread!! BTW, are you Canadian? Just courious with the anti-hate laws in place up there! Susan’s statement is accurate to a point but placing the blame soley on an entire religious group is not accurate. The billionaire media and banking moguls as well as real estate-(silverstein), credit (Lerner), Berverage (Bronfman), government (Chertof, Paulson, bernake, mukasey etc.) et.al. The list is endless and way out of proportion for 2% of the worlds population. One would counter that there are billionaires in every religious and ethnic group but the high profile individuals with the most influence in key businesses and government positions intrigues me the most.
Conversely, in my circle of friends there are Jews and Arabs and all get along just fine and are dealing with, and feeling the effects of what is happening in the country (the world) today just as you imply and I agree with your conjecture. I read, I learn and I’m a teacher and I try to remove what I feel to be scurrilous info from accurate info but it’s tough to discern what is trully accurate and what is false.
This I do know, the truth is not accuratetly being told and there really is a conspiracy that is changing the course of and robbing humanity of the God given right to be “fruitfull and prosper”.
September 29th, 2008 at 8:16 pm
Thank you america!!!! That is some great news in a long time, and yet not great at the same time. Coming from Russia and experiencing the default of ‘98, all I have to say is GET READY AMERICA.
September 29th, 2008 at 8:19 pm
Ron Ianieri
Options University, New Jersey
30-9-2008 CNBC
Paulson opposed a bill increasing transparency November last, because it showed the banks to be illiquid and he didn’t like the numbers, so he buried it.. and now he’s talking about transparency?
[quote not exact]
September 29th, 2008 at 8:24 pm
I would like to offer more.
My website links.
But I can’t be affiliated with this site in any meaningful way.
Why?
Because of ALL THE DAMNED ANTI-SEMITIC CRAP THAT NOT ONLY LIVES HERE, BUT IS PART AND PARCEL OF THIS PLACE.
I went to the website of one of Alex’s honored guests; he was a holocaust denier and Hater with a capital, “H,”.
This crap is tolerated and propagated from the top down here.
It is the Taint that Spoils and keeps so many who might, from having any real involvement here.
This Taint is Part of the Divide And Conquer.
Think about it. See the Light. Wise Up. And make better places of True Strength, that are not self-defeating.
I may or may not get to post this in some other threads.
In any case, these words, whether singular as in this thread only, or allowed in plurality, as in other threads, are a swan song for me.
I’m outa’ this hater’s refuge.
September 29th, 2008 at 8:39 pm
My awakening has only been a couple of month’s…however it seems as though….if we’re all focused on this subject…
Something else is going on….this is what they want to distract us with.
I’m certainly not saying this isn’t important…….
Just learning to dig a few layers deeper.
September 29th, 2008 at 8:47 pm
God Bless Ron Paul! He is awesome and he is the last of the real Maverick’s – you hear that McInsane!
We will fight, but if they can work this out and get these evil Bush-Rockefeller-Rothschild-Clinton banker scum out of Washington we will stand and wait!
You bastards screw America, you better find a way to get your fat asses running, cause we will destroy you with force – you hear that turd blossom!?
September 29th, 2008 at 8:48 pm
I can’t believe there going to take off two days for the upcoming holiday. Regardless they need to work through it to come up with a solution. I don’t understand how they can just put this off, they worked through the weekend they should work through this.
September 29th, 2008 at 8:48 pm
theres a “write in line” for a reason. Put Ron Pauls name on it!
September 29th, 2008 at 9:02 pm
Did you ever notice how jews come on this site and claim that they are ignorant as to why the entire world hates them or that they are innocent or whatever? If you have, great! You are starting to understand what’s wrong with Western Civilization. They can’t help lying. Amazing as it may be, they can’t help it!! That’s really hard to understand.
But don’t feel sorry for them, Just understand this: There are three groups of people who aren’t anti-semetic. There are (a)those who do not know, (b) there are those who do not care, and (c) there are the jews themselves.
That’s what mongrelism does. They can’t tell what race they are. Either Ashkenazi or Sephardim. Just as a start and it goes on and on.
You need to get your mind around this: Their religion teaches them to lie to the world!!!! One of their tricks is to claim education they don’t have.
Exercise your critical thinking!! Check out their “holocaust”. It is a HUGE lie.
The most important question America faces is the jewish question. Things have been that way for hundreds of years.
September 29th, 2008 at 9:02 pm
“I am Bullish on Main Street (the people) and Bearish on Wall Street (the elite).”
The people have spoken and in the spirit of Thomas Paine who led the Revolution who called on the people to reorder a nation controlled by the English elite and in his pamphlet Common Sense. He is now back again and in his spirit to lead us to re-establish our freedom against tyranny a second time.
The elite run from Thomas Paine in confusion because they understand not his words of freedom but only of control and subjugation which they know oh too well. Freedom will once again ring and these criminals will express shock how quickly the world breaks the tyrannical yoke from their neck.
The pen is indeed mightier than the sword.
It has now begun.
September 29th, 2008 at 9:09 pm
The 23 most important votes in American history have saved Americans from a fate they couldn’t even imagine.
Finally the Congress, after many hard years, comes back to it’s purpose.
September 29th, 2008 at 9:21 pm
Hey retards stop blaming the Jews for everything…Bank went bad…Jews did it…someone got assasinated…jews did it…david icke shapeshifted into a reptillian…jews did it…I mean come on…just listen to what youre posting…God is protecting the House Judah…and will continue to do so…The House of Israel (meaning modern America, Britain and her offshoots…canada, nz, etc) is still scattered to the four winds of the earth as Hosea says AND the House of Israel and the House of Judah will be united AGAIN at the last days…at the end of the Great Tribulation….Ezekiel 37…read it… and stop blaming the jews for everything!!!
September 29th, 2008 at 9:22 pm
YEEEEESSSS! motherf##ers didnt get their bail-out! yes!
September 29th, 2008 at 9:29 pm
Today is a great day for Americans, sad day for some investors. For those with Gold/Silver pretty good day.
September 29th, 2008 at 9:33 pm
Of Course Campaign for Liberty folks had a something to do with it
September 29th, 2008 at 9:33 pm
Say fellow citizens. Do us all a favor and draw a disconnect between your politics and your religious views. And yes I share in the sentiment regarding the bailout!
Thanks
September 29th, 2008 at 9:34 pm
should we let the crooks who we can’t trust with money take ours and give it to the crooks who can’t handle our money?
September 29th, 2008 at 9:35 pm
Jennifer (#95) – Please remember it’s not most Jews and it’s not the religion. These banksters are Godless. Keep focused on privitized banking regardless of the banksters’ religions.
Thanks,
Dave
September 29th, 2008 at 9:40 pm
Ron Paul is rifht, we need to get the government much smaller, bring back states rights, and stop all the needless spending. WE CAN DO IT. Look at all the calls they got, all the letters, well now it is time for us to do the same. I am not saying that this will stop the new world order, but give us more time to prepare.
This webbsite is against the NWo, not any type of people, because some Christians are at fault as well as they jews, and one must remember if Jesus did exist as the Bible says, he was a Jew, Hmmmmmmm Jesus a Jew/ what a thought kind of takes the wind out of some sails, but they will say he was not a Jew.
Concentrate on the Illumanati, and all its parts.
September 29th, 2008 at 9:41 pm
Could it be those cowards in the house are starting to grow a pair?
Also, I couldn’t not mention that the photo of Dr. Paul for this on the home page is funny. Its looks as though he is wearing the Capital dome on his head…made me chuckle.
September 29th, 2008 at 9:53 pm
Many like to demonize a spacific race, because they can’t see how it all works and it is easier. The Zionists are made of of Jews and non Jews, but are really a small group compared to the rest of the worlds population. Sure the Masons have a lot to do with the NWO, but the lower level masons have no idea what the top level is doing, that goes the same for every group. It is the Elite families, who are in control, They are the Illumanati. Now Christian groups love to say it is only Satanic, and against god. Well there are far more people against the government who are non religious.
Zealot Christians are also to blame, but not all just the small circle who are frontmen for the Illumanati.
It is a few who are running the world, and the one World Government is what they want, and they are getting it quickly.
people will wake up in the US when you take their guns, and yes i get lots of FEMA training, and you all should be afraid, very afraid.
September 29th, 2008 at 10:01 pm
Folks the government will do and spend what ever they want, now part of this whole thing was a show, but they will give money if they wish and find other ways to bail out those executives. We have a long history of doing this. all the have to do is declare some form of full national emergency and they will take what they want.
sorry but that silly illusion of us running the government, well that is what it has become an illusion. We ran it once, you know before that Marxist Lincoln got in and really started causing problems. We need to fight for states rights back, shrink the federal government and bring back the constitution.
If you waant this to stop, then we have to organize, take back our government by any means, and r3store the constitution.
and please stop only blaming the Jews, because it is all of our faults, even some of our parents and grandparents, we all hve some responsibility towards this. We allowed much of this, se wit and worry about who won the football games, and watch too many sport shows, get into going to the monster truck things, and all that shit.
Many americans are fearful, won’t discipline their children in fear of going to jail, many won’t get off their asses.
so in some ways we are all to blame.
September 29th, 2008 at 10:05 pm
hey retard says, you’re real entertaining but a confused descendent of japheth., Britain and america are devils, you homosexual crackers can never sit on the throne of david, shaitan deceived you to even think that. read the prophecies of the real israelites, they are descendants of slaves- the slaves of america and britain europe etc…… y’all are the opressors of the real hebrews. the people you call jews are not jews, most are khazars. you dont know the scriptures at all. foolish child, america, and britain[satanic secular, illuminatist,nwo] were never in captivity, they were the instillers of captivity. you never read genesis 15:13…… 400 years pal!!!!! deuteronomy 28:68 even joel 3:6 tells us judah will be sold to javan[THE WHITE MAN}. foolish men- israel is of shem. repent for the kingdom of the most high is at hand Yahshua is coming back in all judgemnt to tred the winepress.
September 29th, 2008 at 10:09 pm
Dream, well your name fits, you have a dream, but it is not reality. The Illumanati will get the one world Government, sorry PAL, but that is what it is. We have given too much, sure rally your troops, get people organized, get them woken up, because the NWO is not falling apart, they are getting what they want. Look at the big picture, economic collapse, will get them closer to the American Union, and they will get it. they will work on the Trans Pacific area, and soon they will have a Union there. currencies will change to a one world currency, One World government will be set up. This has been planned.
The only way we can win is to figght from within the belly of the beast, we need organized and well trained soldiers, we need an organized underground.
Keep fighting and working with the system and buy us time.
But as stated we have to fight from within the belly of the beast.
There Will Be blood
September 29th, 2008 at 10:10 pm
Make no mistake people, “we” are not winning, there is no “victory” and no one on the stage is out of character or rewriting his/her lines. This is all by design, every pitfall, misjudgment, and seemingly infighting has been scripted to dupe the sheep…Don’t be one of them thinking that we are winning.
I knew this wouldn’t pass, there was too much outcry and they knew there would be, so act two is a “revised” bill. Yeah, right. If anyone has posted similar notions, congratulations, you are not a sheep. Everyone else on this site, WAKE THE F UP!!!!!
You make so many excuses for Ron Paul not running, what a bunch of trash. He had the power and just like his script, diluted it and you all put your limp dks between your legs and whimpered. Someone posted a remark about Dr. Paul having scopes on him. Dude, your wrong, this is his scene, his part in the whole play. WAKE UP, see through the fog and become human again.
I wish so much that Ron Paul was the real deal, but his actions speak loudly. Alex still supports him, so, hmmm, why is that????
The world truly is all a stage and we are merely the spectators who are harmed by it’s presentation.
September 29th, 2008 at 10:11 pm
19 ron Paul is getting Old, has a very sick wife, and he has so many medical problems. We need somone young in who carries his message. He is just too old for the job. The man has it bad, so cut him some slack.
We need him to groom someone with his ideals.
September 29th, 2008 at 10:14 pm
Hello “Warriors”,
When it finally manifests in front of your face I doubt “you” will recognize that for what it is either.
So continue to feign awareness while you relentlessly sleep walk through your moment.
The powers that be have not sounded the battle cry yet, but if they do will you fight?
I think that all depends on how awake you are.
Remember, our forefathers spilled blood for the cause.
(And here comes the kicker)
Centuries later, we find ourselves reliving the same scenario.
Primed for blood again.
It seems to be the current zeitgeist at this bend of the cycle, only blood will do.
All this time as a species and we still collectively ignore our inherent wisdom.
The natural course I suppose. To forget.
We should have taken our responsibilities as stewards of this amazing blue marble more serious.
I don’t care what “side” you think I’m on BTW, I will not kill for any beliefs.
Maybe this was the same sentiment held by the brave soul who faced down a tank in Tienimen Sq.
Imagine a population willing to face down “the tank”.
Anyway.
I have a date to keep with destiny. Aquarian as that may sound.
One piece of advice, a 30 month tour in Iraq will alter your reality just as much as reading my banter, so don’t antagonize the armed patroling soldiers. And you thought you were asleep!?!
September 29th, 2008 at 10:17 pm
Throughout history, all those with influence who opposed the money changers were assassinated or met untimely deaths. I fear the brave Doctors days are numbered….
September 29th, 2008 at 10:21 pm
Jennifer (#103),
If you beleive ALL Jews are bad, well, I’m sorry for that. I will do more research on the TALMUD. However, all who read this might not agree with it and still claim to beleive other decent aspects of the religion. There must be some good messages in other scriptures somewhere. I would have to think there must be one ot two in our/my/your corner. Blanket statements are dangerous and generally not true. I hope you understand this, that’s all. Again, the people running the world might be of Jewish heritage or claim to be Jewish but I do beleive there are individuals out there who also claim to be Jewish who do not have the same goals or ambitions.
Dave
September 29th, 2008 at 10:26 pm
This isn’t a bail out bill, that is it’s disguise !!
This is about giving Henry Paulson, the Secretary of the Treasury Department, carte blance and a black check that can always be at the value of $700 Billion at any one time, with absolutely no accountability, oversight, or even reviewable by any judicial agency. He would be able to spend, hire, buy, or sell any bad debt from financial corporations, and distribute that money to help whoever he wishes and would be absolutely above the law.
He would be King Paulson, for he have all the power without accountability to anyone.
They will be back, and in greater numbers. Don’t stop now.
September 29th, 2008 at 10:28 pm
#114 i was thinking the same thing as i watched the video
September 29th, 2008 at 10:40 pm
Jennifer – You are an idiot. Focus, my girl, focus.
Dave
September 29th, 2008 at 10:41 pm
I love this man. Everytime I see him speak, I feel more and more encouraged. Ron Paul, Ron Paul, Ron Paul !!!!!!!!!!!!!!!!!
September 29th, 2008 at 10:48 pm
WOOOOOOOOOOOOOOOOOOOOO
September 29th, 2008 at 10:49 pm
Remember everyone after today “Bailout bill slapped aside; record stock plunge ” I was so proud to see this great nation and the citizens letting their voices be heard to defeat this bailout. This bailout was for criminals, gangsters and gamblers who cared nothing about us. They used our money that we work so hard for and sweat for everyday working and pay taxes so that they can take us to the cleaners. While they drive around limosines pay high class hookers, defraud and all other unconceivable thoughts that ” money the root of all evil” enticed them to do. Well now who is going to rescue you now. They who served their idols. They who have sacrificed their sons and their daughters to demons with their “Bohemian Grove rituals they who poured out innocent blood, the blood of their sons and daughters. Now Lord so recompense them for their crime. Remember everyone this passage PSALMS 33-12 BLESSED IS THE NATION WHOS GOD IS THE LORD…………..THAT IS FOR ALL OF THOSE WHO DO NOT BELIEVE THAT GOD DOES EXISTS AND IS WATCHING THEM.
COMMIT YOUR WAY TO THE LORD, AMERICA TRUST IN HIM AND HE WILL ACT.
September 29th, 2008 at 11:00 pm
Thank you #122 Bruce for explaining the Forrestal story. I was a little kid and remembered my parents talking about poor Mr. Forrestal and his mental condition and jumping to his death from a hospital window. Duh – he was “Vince Fostered” or “Senator Wellstoned” or “JFK’d”, etc.
It is the internationalists, the Jewish bankers going back to Rothechild, that are the money men. I’m still trying to figure out the true role of “Zionism” in the scheme of things.
“Fifty men run America…and that’s a high figure.” Joseph Kennedy
Paraphasing – “Little lies are believed because everyday people commit them, it is the big lies that are easy to sell to people because it’s too big to be plausible…” A. Hitler
September 29th, 2008 at 11:05 pm
RON PAUL WRITE IN BOMB!!!
Lie to the media, tell only your friends, family and coworkers to WRITE IN RON PAUL election day.
Fool the pollsters, fool the politicians, opinion seekers and drop the write in bomb election day!!!
Let’s turn this ship around!
September 29th, 2008 at 11:16 pm
Glad he brought up the recent “appropriations” in this video, I was beginning to think that with the media circus going on, everybody missed them………Doesn’t the short selling ban end thursday-ish?……..And fianlly, could it be that the republicans let the lemmings [dems] run off of the cliff in voting for this bailout, making them look like the gross tax & spend / give away the store enemy of the common taxpayer / voter ?
September 29th, 2008 at 11:18 pm
ron paul, couldnt have said it better, well at least ONE obstacle is “out” of the way…for now…but im sure their already divesing a new plan (the n.w.o. that is) to take over 100% completely and drive us down…so thats why we have to do what Ron Paul says
September 29th, 2008 at 11:24 pm
You know this really was a good video, my only worry is that he said the dollar is still going to decline anyway because the Fed will ultimately do what it wants in granting money to wallstreet. This will be a perfect opportunity to put out all of the scare tactics. Just how they are talking about 401 K’s going down the toilet, even tho most aren’t even vested in the DOW. But hey what do I know…..
September 29th, 2008 at 11:34 pm
NOW IS THE TIME TO GET RID OF THE FEDERAL RESERVE AND FIX WHATS WRONG WITH OUR BROKEN SYSTEM! Without them! Get rid of these parasites while we may have the opportunity to do it. It would be a major blow to these Cartel of Criminals who live and prey off of our money and we can start putting these people behind bars now where they belong. If we wait they will probably be kept in the system and this will happen again and again in the future. Right now would be a good time to reevaluate the way this country is run, BY MONEY, and make the necessary changes now! RON PAUL FOR PRESIDENT! He’s one the best choices America has right now, since most others are puppets for the globalists. He needs to be on this November’s ballot! Call your Congress to adapt these changes now while they are on the run!
September 29th, 2008 at 11:37 pm
Excellent, Ron Paul led the charge.
Why not feed that money back to the people? Everyone would be a millionaire. Money would be spent like it’s going out of style. Wouldn’t that help the economy?
Well heck no, I guess anything that enriches the people is out of the question.
They’ll eventually bail these bankers out some other way.
September 29th, 2008 at 11:38 pm
Wow Jewish mobster something new. Get over the Jew thing its about that family. A lot of jews help create many jobs for people. My dad works with them for 30+ years in legal market. Many bad families( all races and stuff) are truly religious except when it come to protect their source of income. Actually they usually know more about the church than the average joe. You want to beat them stop going out to dinner and etc. Otherwise except the fact they are going to live the fast lane life. No matter what NWO does that defeat the MAKER called GOD! He will used to so-called BEAST on them.
September 29th, 2008 at 11:40 pm
#134 go fuck yourself, cause that’s the only way you’re gonna get any
September 29th, 2008 at 11:46 pm
It is so obvious after having studied for some time now about the nwo and finances in general that the neocon zionist jews are largely to blame for just about every major financial issues and degregation of moral and ethical standards/character–that is why every nation on the face of this planet has come to the exact same conclusion–evict them! The last country to do so was Cuba.
September 29th, 2008 at 11:49 pm
James Forrestal was killed after he took part in operation High Jump.
He was going to spill the beans on the secret base in Antarctica and the Illuminati
and all of the thieves.
September 29th, 2008 at 11:52 pm
Boy it takes some brass ones to even admit that you support that big piece of feces dubya
I agree 137 – #134 what a fricking idiot you are, go back to your room and masturbate to your dubya campaign signs and leave us intelligent people alone
September 29th, 2008 at 11:54 pm
I am glad to see the Neocons finally got slapped in the face.
Now lets keep on marching and waking up America.
The Neocons are the ones that created the terrorism and they use that terrorism to justify their agenda to change all our laws to reconstruct this nation.
It was only a matter of time before Walker would endorse their dream plan, to overthrow Congress and the US economy, to justify the pitch for a bailout and paving the way for a NWO type of economy.
That’s all they ever think about today, how to roll this nation using every deceptive trick in the book and frankly, Castro could not have addressed We The People any better than Walker did the other night on prime time.
Everytime I hear Walker speak, it reminds me of something Castro or some other despot would say and endorse. There is NOTHING American about Walker’s mind set on the issues and it’s as if he was raised in a foreign country.
September 30th, 2008 at 12:02 am
can we start a thing where we report spam and get there ip address and ban them from posting it would be pure glee *134
September 30th, 2008 at 12:02 am
I hate this picture of Ron, he looks like he has a little yamaka on his head…
September 30th, 2008 at 12:03 am
Look at the bailout numbers on Wall Street today……………777 these numbers have special meaning.
1-Expect miracles to occur, the angels have a gift for you.
2- This spiritual exculpation meant that Numerological symbolism and meanings of sacred numbers became lost as distant echoes in time. The ‘Jesus number,’ 888 and other numerals were studied by Dorotheus of Gaza (505 – 565 A.D.), the Christian saint and abbot and these numbers are still sanctified in some Greek Orthodox churches. It sounds like a list of mobile phone numbers, for Satan, call 666, for God, call 777 and for his Son call 888 – make sure not to misdial…
3-the 7 – Thought/consciousness
America keep dialing 777 and don’t stop calling your congressmans keep making your voices heard. NO BAILOUT…..finito, finish over
September 30th, 2008 at 12:07 am
If Ron Paul could somehow get a few weeks of mainstream time and speak candidly to all Americans about the real issues without the hecklers from Fox, I really think he would win as a write in candidate.
It could still happen, if the right people want to make it happen.
September 30th, 2008 at 12:09 am
what will you do when there is no food?
when your paper-money is worth nothing?
it’ll happen…
and then what?
still got time for ipods and argueing with each other and acting like being smart is going to matter?
2+2 = 5…
bye bye dollar…
take care and be safe
September 30th, 2008 at 12:31 am
Ron Paul is playing good cop in my book they all are bad and they have the safety we will never have
September 30th, 2008 at 12:39 am
A friend of mine had a great idea. He said that the 700B bailout should be given to the common people – not the criminals who have been robbing us blind. By his calculations, every US citizen could have received between $250M to $290M each. This would stimulate the economy. The US would get their third of it via taxes right away. People would buy homes, cars, health insurance, open small businesses, boost existing business, invest in the market, put their children through college, and put some into savings. The health of our economy would flourish again.
September 30th, 2008 at 12:43 am
Thomas Paine Rides Again – 24th September 2008 – thomaspainereturns.net
These are the times that try men’s souls.
This short motto has echoed for centuries. It gave strength to American patriots in 1776 as it propelled them to liberty. This motto is alive and just as appropriate today as it was at the beginning of the Revolution.
Freedom was won, but corruption soon crept in. What was once a proud banner now often strikes terror in the hearts of people.
Have people become too complacent with modern living? Have people forgotten the tyranny of subjugation to a king? Have people forgotten the horrors of slavery? Will they wake up before it is too late?
When the new nation was a toddler, it took on a national bank. Jefferson caused that bank to be closed down, but others kept bringing it back. Today, the national bank is called the Federal Reserve. It should never have existed centuries ago, and it certainly should not exist today.
The present world economic crisis can be traced right to the Federal Reserve. So many nations are linked to the American economy that they are now victims of the Federal Reserve’s manipulation.
Most people mistakenly think that the Federal Reserve is a government bank. If it were, then all the interest it earns would be ploughed back into the American system, hence the national debt would be zero. That is, the Americans would only owe the interest to themselves. However, the interest is collected by individuals and groups. Those who own the Federal Reserve Bank collect the interest for themselves, and make themselves extremely wealthy at the expense of American taxpayers.
The Federal Reserve charges interest on every dollar in existence, whether paper or otherwise. The owners rake off this interest. Many banks have failed, are failing or will soon fail in America. They are failing because the Federal Reserve has become so greedy that banks can barely operate in the environment. The Federal Reserve takes almost all the profits from the banking industry and only provides scraps to its subservient banks.
The banks have to scrape and maul their customers to survive in this critical time. So, the banks become ruthless. Nobody cares for the banks because they are ruthless. Further, many of the banks have turned to unlawful activities just to stay afloat. The cause of all this disarray is the Federal Reserve.
Shut the Federal Reserve down tomorrow and things will begin to improve. Ban any national banks, and it will be a long-term solution. The small group of people who are taking all the interest from the Federal Reserve should be charged and tried for their horrible crimes against all the people in the world.
Not only is America affected, but the entire world is being fleeced by the Federal Reserve, because the whole world is impacted by American commerce and banking.
In these times that try men’s souls, those without souls need to be tried and convicted. They are the culprits. They are the criminals. They are the evil slave masters.
W.B.W. Light-Rider
September 24, 2008
September 30th, 2008 at 1:02 am
Pat,
Your figures are off a bit…say $700 billion / 250 million = $2800 for each man, woman, child. Or for a family of 4, roughly $11,200. But still, your point is well taken as these dollars could pay down a mortgage or credit card debt or purchase health insurance.
NO BAIL-OUT!
Prepare for a crash of some sort until as Dr Paul describes, we take control of spending.
Great piece, Johnnie Appleseed.
September 30th, 2008 at 1:03 am
I’m going to share a point of view here that most of you will find unusual coming from me.
You will never be burdened with more than you can handle, and you will always have that which you “require”.
Know Jesus and know this peace. these promises you can carry throughout your life when you just stop worrying and lay it down before the cross of Christ.
We can and will handle this, we do not need to starve. Everything we “need” is here for us. We can live heathier and become more intelligent. Change is good, and in this case necessary.
We have attempted to serve two masters, against Gods orders and soon the “false” God will be removed, and you know what? Were gonna survive!
Peace Brothers and Sisters – Know Jesus – Seek Jesus
September 30th, 2008 at 1:05 am
Thank You, Dr. Paul!
Now let’s see what Little Lord Money Boy does tomorrow morning BEFORE THE MARKET OPENS when they trot him out to speak…Is this to directly influence the market? Is this to SUSPEND trading UNTIL they pass the Bill???
Holding breath in wait….
September 30th, 2008 at 1:08 am
Had to add this…
I have never been more proud of this country in my lifetime than I am today. The courage displayed by these elected officials fills me with hope for a bright future.
I applaud these brave men and women – Today you did it right and I salute you!
September 30th, 2008 at 1:08 am
It’s really easy to contact all your representatives by just going to:
congress.org
They also have an instant emailing set-up right on the home page about the bailout which will contact everyone, even Bush, in one fell swoop. Easy!!!
September 30th, 2008 at 1:14 am
Oh! No!, what was I saying in post #134?, I forgot to take my meds today and then I talked all that trash.
I’m hearing voices inside of my head that told me to do it and that I need to collect a check for being nuts, I’m really an Anheuser Bush fan, not a George Bush fan.
The demons of my inner soul just can’t handle the truth, I’m sorry for slandering all these good people, especially what I said about the church, please forgive me about all of that and I’ll be sure to take my meds next time.
September 30th, 2008 at 1:20 am
#151 Pat that would sound so nice. Give everyone that money. I really would. The only problem is that it would cause over inflation making the dollar worth less then a Mexican Pesco. Truthfully the dollar amount in any country should never be much higher then the gross national product, unless the money is backed by gold which then should never be more then there is value in gold. I would love to have 250M in my pocket but then if that 250M is only going to be worth $250.00 tomorrow I would rather not.
September 30th, 2008 at 1:33 am
So let me get this right, The House shut down the Bill, and the Federal Reserve goes ahead and creates 600 bil, and the dollar gets weaker anyway. Yea, glad they voted no, with a 9% approval rating, and the vote of the century they better get it right.
INVESTIGATE THE FEDERAL RESERVE – TALK CRIMINAL CHARGES NOW!!
September 30th, 2008 at 1:33 am
The crash is now imminent, no bailout package…better be ready for an “event” …pretty sure something will happen now…
September 30th, 2008 at 1:47 am
that ‘event’ – any ideas?
September 30th, 2008 at 1:48 am
To Pat #151 –
Where do they get the money? Inflation from printing or borrowing. If they use our tax money which we paid in for services, then they have to cut the budget. You think they will cut spending>? Not likely. Yea it sounds good, but could have repricutions. I also heard an idea, that if the companys did get bailed out and started making money – we should be stockholders and get a dividend payment. But thats like me driving my car and not puting gas in. When it runs out i can either walk and get myself out of the situation or call AAA. If I call AAA it is a service and a service needs to be paid for. Should the Federal Government provide the payment to AAA or should I? AAA is a convienience and service.
September 30th, 2008 at 2:13 am
Anyone who thinks that there would not be a financial meltdown, with or without this bailout is living in a fantasy land. We have to stop them (the bankers) from stealing peoples homes and then renting them back at the taxpayers expence.
September 30th, 2008 at 2:19 am
We as individuals are carried along by these geopolitical currents. We are now trapped in a Godless system. The system has taken over. No matter what you do or where you live, the system penetrates. It is everywhere! If you want to live or work in the United States or Canada, there are certain things you can’t do. You can’t undo the education system being imposed on us. You can’t undo the legislation that favors abortion and euthanasia. You can’t undo the permission for fetal experimentation. You can’t undo these things! In order to live in peace, you at least have to say, “Well, they have a right to do these things.” Wrong never has a right! Yet if you don’t support this liberal agenda, you are lampooned. In the United States today we have a term called “the politically correct person.” The politically correct person is the socially accepted person. Racial quotas: You must be in favor of them. Reverse discrimination: You must be in favor of it. Homosexual marriages: You must be in favor of them. You can’t say that homosexuals don’t have a right to get married to each other. The politically correct person must be in favor of same-sex parents, fetal experimentation, euthanaisia, abortion, and contraception. If you sat at a dinner table or went to a lecture hall and condemned any one of these things, you wouldn’t be invited back again. They might even throw you out! You wouldn’t have been invited if they knew your opinions on these matters. You are excluded. So, in order to live in peace, people just omit all conversation on these topics. They don’t react when their own children or their friends cohabitate. They don’t react when others abort a child or use in vitro fertilization or have embryos tucked away in a local laboratory for the time that they want to breed a child in somebody else’s womb. They don’t oppose these things. “After all, what is going on today is progress.” So, we are caught in a Godless system and the system is all dominant. That is our problem.
September 30th, 2008 at 2:23 am
Why has mankind in this century abandoned God and tried to put the emphasis on solving his problems by himself?
That started hundreds of years ago. From the sixteenth and seventeenth centuries onwards, a group of men arose who derisively declared, “Religion is nonsense. The idea of God in heaven is pie in the sky. And the idea of hell beneath, with the devil there waiting for you if you have died in sin, is all superstition. Man can do anything! The sky is made of steel and the earth is made of bronze. We have only our bodies and our minds. We can build a perfect paradise here if we get rid of religion, which has hampered man from achieving his destiny.” These ideas have grown into a faith, a credo, and a religion for millions who live as if God doesn’t exist.
September 30th, 2008 at 2:36 am
Better buy 10 crates of canned beans and 20 crates of water just to be sure…
September 30th, 2008 at 2:38 am
What have we learned from all of this?, imagine this scenario, we have a fake boss with fake laws.
One day the fake boss decides to go to a car dealership and buy a Cadilac, the boss says to the car dealer I’ll take the best one you have and my employees will pay you for the car.
The boss drives off the car lot with a brand new Cadilac and the car dealer is happy and confident that he will be paid for the car every month.
Before the boss get’s home he stops at a liquor store to get some beer, as he’s drinking and driving he notices a bar and stops for a cocktail, this leads to a series of hopping from bar to bar.
After he leaves to go home he’s really drunk, he also has picked up a couple of hookers along the way, then a dog runs out in the middle of the street, he slams on his breaks and he hits a tree instead, everyone is alright but the front end of the Cadilac is totaled.
A police officer stops to investigate, but since the drunk has more power than anyone else and is above the law he doesn’t get arrested, instead a cab is called for him and his paid friends too.
In the morning the employees are told by the boss to pay for the the wrecked Caddy and the night on the town, plus they have to buy him a new one or else they’ll be sent to a dungeon.
September 30th, 2008 at 3:00 am
Something will happen for sure, and that something is the DEATH OF THE BEAST or Monster called NWO. And mass wakening WORLDWIDE! Without or with that bail out our lives around the world including USA was and still a mess. What could be worse ? War?
The world has been in war even when our leaders preaching that they are doing war for PEACE.
Think of future..our children , our youth. We live in a very historical moment. Things must change and they are, to BETTER.
The next event is:” free FED from hand of the BEAST”.
And that’s another GREAT big next event. And nobody is going to be able to stop that.
September 30th, 2008 at 3:00 am
Look at this:
http://blogs.ft.com/wolfforum/.....authority/
USA’s economic troubles are going to be used as a pretext to create a Global Central Bank !!!
September 30th, 2008 at 3:12 am
THE VOTE IS TO BE PASSED AS EALY AS WEDNESDAY.
DO NOT STOP THE PRESSURE OR THEY WILL PASS THE BILL.
Many will take their attention away from this issue now that they belive they have ‘won’ the vote.
They will try to pass this theft on wednesday and thursday. This message needs to be repeated to everyone.
September 30th, 2008 at 4:33 am
Did anyone read Michale Moore’s post? He indicated there were hundreds of “consultants” ready to stamped to Washington to offer their “services” for the bank paperwork after the feds take over the bad debt. Did you read the Chronicle of Higher Ed where institutions of Higher Ed were able to keep millions of federal dollars they got through some loophole in a fed grant program if they only promised “to stop takiing more money”. Remember Rumsfeld wondering where all the money went at the pentagon? How about names like Ivan Bosky? If I made a list of all the people who “stuck it” to the govt (including the outrageous fees charged by “consultants”), I could come up with more than 700 billion I bet. The chickens have come home to roost.
September 30th, 2008 at 4:39 am
The capaign to ‘flip the vote’ has started.
Poll: Do The “Nays” Have It Right on the Bailout? VOTE YES TO THE QUESTION.
http://www.cnbc.com/id/26945250%20
========================
THE VOTE IS TO BE PASSED AS EALY AS WEDNESDAY.
DO NOT STOP THE PRESSURE OR THEY WILL PASS THE BILL.
Many will take their attention away from this issue now that they belive they have ‘won’ the vote.
They will try to pass this theft on wednesday and thursday. This message needs to be repeated to everyone.
September 30th, 2008 at 4:43 am
I’m against the $85,000,000, 000.00 BILLION bailout of AIG. Instead, I’m in favor of giving $85,000,000, 000 BILLION to America in a ‘We Deserve It Dividend.’
To make the math simple, let’s assume there are 200,000,000 bonafide U.S. Citizens 18+.
Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 Billon that equals $425,000.00.
My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.
Of course, it would NOT be tax free. So let’s assume a tax rate of 30%. Every individual
18+ has to pay $127,500.00 in taxes. That sends $25,500,000, 000 right back to Uncle
Sam.
But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife
has $595,000.00.
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads.
Put away money for college – it’ll be there.
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs.
Invest in the market – capital drives growth.
Pay for your parent’s medical insurance – health care improves.
Enable Deadbeat Dads to come clean – or else.
Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.
If we’re going to ‘re-distribute wealth’ let’s really do it…instead of trickling out a puny $600.00
( vote bye ) economic incentive.
If we’re going to do an $85 Billion bailout, let’s bail out every adult
U S Citizen 18+ !
As for AIG – liquidate it. Sell off its parts. Let American General go back to being American General. Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up.
Here’s the rationale. We deserve it and AIG doesn’t.
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC.
And remember, The Family plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
Lets send this idea around the Internet, and get some real Financial Help for all Americans. An idea that would work, and the crooks and criminals in DC know it would.
September 30th, 2008 at 5:25 am
#174 – I enjoyed that. Should be a vote winner!
In ‘Matrix Of Power’ Jordan Maxwell wrote: “when you see a big stock market crash and everyone loses their money, then somebody else just made a lot of money”.
The Congress majority denies the N.W.O 700billi-ho. Will it now be time for another false-flag?
Here in the UK, BBC Radio sounded stunned – perhaps they were given the wrong script to rehearse. Gordon Brown says ‘he is disappointed’… don’t suppose he’ll starve.
Now more than ever… peace and love to all…
Mark
September 30th, 2008 at 5:29 am
#174, sorry, but your math is slighly out. Using your 200 million people, the per capita amount is $425.00. This probably skews the rest of your proposal.
September 30th, 2008 at 5:30 am
#174, sorry, but your math is slighlty out. Using your 200 million people, the per capita amount is $425.00. This probably skews the rest of your proposal.
September 30th, 2008 at 5:44 am
hmmmmmm according to my calculator, it comes up to $425.00 (four hundred twenty five dollars and no cents USD) not fourhundred and twenty five thousand. You sir are a mathematical idiot. Your figures would take $85 trillion USD ya twit
September 30th, 2008 at 5:49 am
That’s the big issue, “when the dollar falls”, as Ron Paul pointed.
September 30th, 2008 at 5:50 am
“When the Dollar falls?” as Ron Paul stated.
September 30th, 2008 at 6:00 am
Listen people, you really need to know the truth here: The Democratic House already HAS enough votes to pass the “bailout” but they won’t do it without the Republican party backing it. George W. Bush feels outraged that his own party will not back him on this, however, they are done with caring about what he thinks. The truth is that the ONLY reason the Democrats want Republicans’ “bipartisan” support is so the Democrats don’t take the full blame in the crash/cashgrab that will follow. The Republicans have been warning the Democrats since 2004 about these criminal firms and banks cooking their books but the Democrats have refused to listen. This video shows proof of that.
http://www.youtube.com/watch?v=_MGT_cSi7Rs... These Wall/Bay street clowns just enslave us anyway, we’ve been hurting from inflation and job loss for months and now that the problem begins to affect them, they expect American tax payers to save them… The Dow Jones plummetted and look what that translates for everyday people: $1.10/litre for gasoline. These market bulls are clearly not making decisions for OUR wellbeing.
September 30th, 2008 at 6:00 am
Listen people, you really need to know the truth here: The Democratic House already HAS enough votes to pass the “bailout” but they won’t do it without the Republican party backing it. George W. Bush feels outraged that his own party will not back him on this, however, they are done with caring about what he thinks. The truth is that the ONLY reason the Democrats want Republicans’ “bipartisan” support is so the Democrats don’t take the full blame in the crash/cashgrab that will follow. The Republicans have been warning the Democrats since 2004 about these criminal firms and banks cooking their books but the Democrats have refused to listen. This video shows proof of that.
http://www.youtube.com/watch?v=_MGT_cSi7Rs... These Wall/Bay street clowns just enslave us anyway, we’ve been hurting from inflation and job loss for months and now that the problem begins to affect them, they expect American tax payers to save them… The Dow Jones plummetted and look what that translates for everyday people: $1.10/litre for gasoline. These market bulls are clearly not making decisions for OUR wellbeing.
September 30th, 2008 at 6:01 am
Listen people, you really need to know the truth here: The Democratic House already HAS enough votes to pass the “bailout” but they won’t do it without the Republican party backing it. George W. Bush feels outraged that his own party will not back him on this, however, they are done with caring about what he thinks. The truth is that the ONLY reason the Democrats want Republicans’ “bipartisan” support is so the Democrats don’t take the full blame in the crash/cashgrab that will follow. The Republicans have been warning the Democrats since 2004 about these criminal firms and banks cooking their books but the Democrats have refused to listen. This video shows proof of that.
http://www.youtube.com/watch?v=_MGT_cSi7Rs... These Wall/Bay street clowns just enslave us anyway, we’ve been hurting from inflation and job loss for months and now that the problem begins to affect them, they expect American tax payers to save them… The Dow Jones plummetted and look what that translates for everyday people: $1.10/litre for gasoline. These market bulls are clearly not making decisions for OUR wellbeing.
September 30th, 2008 at 6:26 am
The truth is we’ll still end up paying for this fiasco. Don’t think for a minute that this bill was the money changers only shot.
The Fed has the ability to give and take what they need, without Congress’ approval. Let’s not forget they are a private corporation motivated by greed.
September 30th, 2008 at 6:58 am
Stop the 13.5% INFLATION and you will end the “credit crunch”. Bankers will NOT lend money at 7% if they are losing 13.5% each year to inflation. DUH! 700 Billion infused would swamp us with more inflation and destroy savings, investments, retirements, etc.
September 30th, 2008 at 7:05 am
Are you ready for The North American Union? That’s what this is all about…. The Amero to replace the dollar. The Federal Reserve is aware more and more people know what they are up to and they’ve moved everything into high gear. They don’t need congressional approval and as long as they control the money… we’re in a mess and the One World Government the Bible speaks about is only a breath away. Jesus “IS” coming whether you believe or not. When something is true…it doesn’t matter if the whole world doesn’t believe it. Truth is still Truth !!!
September 30th, 2008 at 7:27 am
We must unite people, we are the only ones that can change the world.
September 30th, 2008 at 7:49 am
I don’t know why many of you think Jesus was a Jew when Jews didn’t even existed at that time. Therefore I’m pretty sure Jesus was not a Jew.
Jesus was a ‘Judean’, not a Jew.
During His lifetime, no persons were described as “Jews” anywhere. That fact is supported by theology, history and science. When Jesus was in Judea, it was not the “homeland” of the ancestors of those who today style themselves “Jews”. Their ancestors never set a foot in Judea. They existed at that time in Asia, their “homeland”, and were known as Khazars. In none of the manuscripts of the original Old or New Testament was Jesus described or referred to as a “Jew”. The term originated in the late eighteenth century as an abbreviation of the term Judean and refers to a resident of Judea without regard to race or religion, just as the term “Texan” signifies a person living in Texas.
In spite of the powerful propaganda effort of the so-called “Jews”, they have been unable to prove in recorded history that there is one record, prior to that period, of a race religion or nationality, referred to as “Jew”. The religious sect in Judea, in the time of Jesus, to which self-styled “Jews” today refer to as “Jews”, were known as “Pharisees”. “Judaism” today and “Pharisaism” in the time of Jesus are the same.
Jesus abhorred and denounced “Pharisaism”; hence the words, “Woe unto you Scribes and Pharisees, Hypocrites, Ye Serpents, Ye Generation of Vipers”.
September 30th, 2008 at 7:53 am
ron’s right AGAIN !!!!!!!!!!!!!!
http://www.youtube.com/watch?v=BSxYIBSuBtk
September 30th, 2008 at 7:58 am
Front page of Yahoo news…”SCRAMBLE FOR A NEW BAILOUT”…”Lawmakers and the White House seek quick changes to get a deal passed.”
For those of you screaming victory…not so fast…it ain’t over yet.
And for those of you thinking there may be fallout from the “no” vote…like another “event”…I don’t think there will be a bombing unless it’s in the ranks. One group against another. Maybe a financial disaster, like the banks closing.
Now i know you say good…but think about this for a second…what if you have money there?
What if you have a “significant” amount of money in the bank…perhaps a couple thousand dollars…or even a “paycheck” that you NEED that is electronically deposited…how would you react? Pretty pissed off, right? And what might you be feeling? Angry, right?
And, what would happen if you got really, really angry…and so were 20 others like you, what would you want to do?
And, if you decided, fuck that shit…somebody’s gonna give me my money…and do something “stupid”…what’s going to happen?
And when the police arrive on the scene to face an angry mob that just lost their money, what is going to happen?
And, when all hell breaks loose country-wide…what is going to happen?
And, when they decide that the situation is out of control and call in the military, what is going to happen?
Does anyone see where I am going with this. Why drop a bomb when they can use us as their ticking time bomb.
YOU KNOW people are not going to have someone steal their money….ANYTHING ELSE BUT THE CHEESE!
All they have to do is pull the financial plug and watch us rip apart the very thing we love so dearly, AMERICA.
You talk about history, how about the history of riots in America….how viscious have they gotten? Well, why not use it against you. Why not say, ok fuck it, no money for us, watch. The first thing people are going to do is LOOT. They are going to steal t.v.’s, computers, stereos, etc….shit that won’t be worth a damn thing when they start rounding you up.
Get my point people, if they decide to pull the plug on the dollar…by closing the banks…or something of that nature….WHO is going to keep the “public” calm. It only takes a spark, to get a fire going. One little hot-head who can’t keep his cool and everyone will be acting the fool.
Point in case, scream “gun” in a crowded place…mofo’s will run your ass over with panic…same thing here. The first moment of a “cashless society” and someone is going to lose it…guaranteed!
And you know what, it won’t be about “survival”, they will be looting just to get free stuff….and once the looting begins, that’s when shit is goin’ down.
Anybody got something on that?
September 30th, 2008 at 8:12 am
Continue e-mailing your reps to let them know you’re still watching. The opposition is on the move right now and they will move fast. Keep up the good work people and spread the news. Votes still carry weight!
September 30th, 2008 at 8:16 am
we all know their gonna pass it sooner or later. all the talking heads in the media know who butters their bread and they all say the bailout is necessary. the same gangsters who are responsible for this mess were chased out of europe 60 years ago. we must consider applying for E.U. work visas/citizenship. europe needs more warm bodies that are willing to assimilate with enthusiasm. get passports for your teens and let them travel to mainland europe and make friends and look for work. even2 wks at a 20 dollar a night hostel is a start. have your kids apply to euro universities and colleges……language is no barrier. the future is not here unless your part of the elite.
September 30th, 2008 at 8:16 am
You truly have to stand in awe of the mainstream media’s reponse to all of this. Turn on any channel and you’ll hear talks of the bailout plan failure. The finger of blame in all cases is pointed at those who voted against the bailout. No one is suggesting any alternative to the bailout or even trying to think that way. So the real question to ask is why are intelligent people trying to tell us that a moron’s rescue plan is the only way. They’re treating Bush as if his words actually still carry weight with the American people. The fact that Bush supports the plan is reason enough to question it. Call your representative today and tell them not to support this theft under ANY conditions.
September 30th, 2008 at 8:24 am
right on frank @ 193. couldn’t have said it better myself. why should we blindly trust a guy (bush) when only 3 months ago he claims the economy is strong and growing and somehow the bottom is just now falling out on the financial markets. this man wouldn’t know the truth if it struck him in the head like a lightening bolt. and all his partners in this new ponzi scheme (Paulson, Bernanke, all the wall street bankers, and most of congress should have lead weights tied around their ankles and let the American people have first crack at dropping them in the Boston harbor just like the tea party many years ago. they are scum…………..pure and simple!
September 30th, 2008 at 8:38 am
At least this initial result shows that the American voice was heard, with Ron Paul and Alex Jones shouting the loudest. Well done America! It starts with the little victories. keep shouting.
From a Briton
September 30th, 2008 at 9:00 am
Along with the news on the bailout that are pointing fingers at those who voted it down, have you watched McCain? I saw him this morning. He is such a lying neo-con just like the criminals in office. If you listen to him he’s always talking about having a plan, talking vaguely about nothing, then saying he just laid out a comprehensive plan. What a maroon.
September 30th, 2008 at 9:20 am
Alex and Kurt,
Please consider throwing your considerable ‘weight’ behind this simple plan.
We have clearly defined the problems ad nauseum, now it’s time to start living in the solution.
What say you?
I think we need to push for Campaign Reform to separate ‘Corps and State’.
1)Make Lobbyists illegal.
2)Set Spending Caps on Campaigns.
3)Implement laws with Serious penalties for bribing public officials
4)Equal media time for all candidates.
5)Limits to contributions to Candidates.
The goal? Make it impossible to “BUY” a candidate in America.
This simple powerful plan will give America back to the people. Within 8 years of implementing such a plan, America would belong to Americans once again.
September 30th, 2008 at 9:33 am
TAKE NOTE THAT: The #1 concern of Bush & bankster pawns in congress is to try to unlock credit markets they bolted so people can mindlessly START borrowing in mass again.
TOTAL F’ING MORON NH Sen Judd Gregg actually said we need to unlock credit markets so: “for businesses trying to make payrolls”.
Bankster pawns like Greg think we are stupid enough to think that 90% plus of buisnesses that make a profit and have sales cash flow need to borrow to pay employees. If a buisness is so poorly capatilized its needs a loan to make payroll, its on its way to bankrupcy and so high risk only an idiot for lend it a penny.
The answer to any debt crisis is NOT more debt, just like drunk can not be made sober with a new bottle of achohol. The solution to all debt crisis is sound money & austerity
Why should people who dont live on debt, didnt overpay for a house, didnt overspend and have been prudent with their money (read: own some gold & silver) pay a dime in giveaway bailouts for spendthrift consumers, spendthrift government, fradulent banksters, mortgage and debt pimps, and all other debt pimp scum?
How do I know this? On 1/5/09 I will celeberate 30 years on wall street, an honorable man, working in the den of bankster theives.
look at all my linked web pages and buy gold and silver before its to late.
September 30th, 2008 at 9:45 am
love Ron Paul
September 30th, 2008 at 9:58 am
Props to the people! We will not stand for the UNITED SOVIET STATES of AMERICA. Let’s do it again by even bigger margin, THE PEOPLE 1 USSA 0. VIVA RON PAUL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
September 30th, 2008 at 10:12 am
Read the bible…nonsense!!!
READ: Protocols of the Elders of Zion.
The most enlightening thing I have ever read.
September 30th, 2008 at 10:16 am
$ 7 billion won’t do shit! They stuffed 630 billion in yesterday before vote. What a scam! FIGHT THE POWER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
September 30th, 2008 at 10:58 am
Ron Paul is exactly right! Economic doom is not enviable, like the fear mongers would like you to think….hard times are indeed ahead however. The thing about the free market is that it fluctuates, sometimes very high and sometimes very low, and yet we are morphing into a quasi soviet form of economics were the state controls every investment firm, every mutual fund, every 401(k),..on CNN the other day they were saying this “is 9/11″ in reference to the scope of the crisis…..which automatically made buzzers and lights go off in my head….we all know what 9/11 was……an inside job false flag attack…..soo since they can’t possibly let another terrorist attack happen why not just attack it from the inside? Thereby scaring the average American to do the whim of its masters, but us, we are not fooled…..we know what is going on…we must not let this bailout happen, write your congressman, protest, do whatever you have to do to keep this thing in the ground because I fear if we do let it pass the blood revolution will come swiftly.
September 30th, 2008 at 11:05 am
Ronh paul will be remembered by the masses only when it’s too late as the only politicion who actually had an economic policy worth the paper it’s printed on! OnAMove
September 30th, 2008 at 11:31 am
Ventura is starting a conspiracy theory show!!!
September 30th, 2008 at 11:49 am
Don’t forget that Chuck Baldwin is taking up the vote for the constitutional party: we can vote for someone with a worthwhile economic policy.
September 30th, 2008 at 11:51 am
I’m against the $85,000,000,000.00 bailout of AIG.
Instead, I’m in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.
To make the math simple, let’s assume there are 200,000,000 bonafide U.S. Citizens 18+.
Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 billon that equals $425,000.00.
My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.
Of course, it would NOT be tax free. So let’s assume a tax rate of 30%. Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam. But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife has $595,000.00.
What would you do with $297,500.00 to $595,000.
00 in your family?
Pay off your mortgage & housing crisis solved.
Repay college loans & what a great boost to new grads
Put away money for college & it’ll be there
Save in a bank & create money to loan to entrepreneurs.
Buy a new car & create jobs
Invest in the market & capital drives growth
Pay for your parent’s medical insurance & health care improves
Enable Deadbeat Dads to come clean & or else
Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.
If we’re going to re-distribute wealth let’s really do it…instead of trickling out a puny $1000.00 ( “vote buy” ) economic incentive that is being proposed by one of our candidates for President.
If we’re going to do an $85 billion bailout, let’s bail out every adult U S Citizen 18+!
As for AIG, liquidate it: it has billions of dollars worth of assets. Sell off its parts. Let American General go back to being American General. Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up. Make its fat-cat executives pay back their hundred-million-dollar bonuses, then use that money to fund bridge and dam repair projects around the country. Then put them in jail in Maricopa County , Arizona for as many years as they ran this company… hard labor in pink fatigues, living in non-air-conditioned tents— for a taste of reality.
Here’s my rationale. We deserve it and AIG doesn’t. Sure it’s a crazy idea that can never work.
But can you imagine the Coast-To-Coast Block Party! How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC . And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
September 30th, 2008 at 12:11 pm
The NWO does not seem to realize that it is game over for them.
The Mayans and many other cultures have predicted the end of the age of the ego around 2012. It is easy to spot the egos in the mainstream media. They are the ones who always deride others putting them down as nutjobs, conspiracy theorists and what have you. This they do to strengthen the fiction of themselves as being more, better than the “others” They are basically insecure, needing others and fearing them at the same time. They find their identity outside themselves. I am president of …….. or I am king or queen of this or that country, I have 10 houses and 3 trillion in the bank etc etc.All the egos have in common that they have eyes but do not see, they have ears but do not hear. This is the reason the egos now running everything will fail.They cannot keep all their mind creations together.
Egos are of limited intelligence always needing subterfuge, secrecy, violence,lies, manipulation and a need for control.All signs of weakness.Lets hope they wake up in time
September 30th, 2008 at 12:26 pm
“I’m against the $85,000,000,000.00 bailout of AIG.
Instead, I’m in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.
To make the math simple, let’s assume there are 200,000,000 bonafide U.S. Citizens 18+.
Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 billon that equals $425,000.00.”
?!?
Please stop spreading this spam people. If you insist upon regurgitating everything you read at least check the math first so you don’t look silly when it’s horribly wrong…
Divide 85,000,000,000 by 425,000 and you know what you get? 200,000 not 200,000,000. Simple math people. Is our education system really that bad that simple division now fails us?!?
September 30th, 2008 at 1:23 pm
George, I dont think it’s just the Jewish planning this NWO, I think this collection of Elites are made up of people from all over the world, so tar’ing all Jewish with the same brush is not helping and is at worst, racist.
September 30th, 2008 at 1:25 pm
WHY DOESNT THE WORLD LISTEN TO THIS MAN?
September 30th, 2008 at 1:41 pm
I have an idea, why not cut pentagon’s budget or at the very least ask them to account for 2 trillion lost day before 911. Someone pass this along. I have to go to council meeting.
September 30th, 2008 at 2:25 pm
George,
The Zionist Bowel Movement likes to use the nice words “Hebrew” and “Jewish”, and they totally misrepresent Jews and Judaism entirely.
Look at the fucking Zionists for who they really are. They are the children of wickedness along with the other powers-that-be spoken of by Nathan the Prophet as he uttered the following to king David at Jerusalem…2 Samuel 7:10.
If you would like the trith as to Israel is, Read both Genesis 35 and then read Genesis 48.
Is the present Jewish state in Palestine “a Nation and a Company of Nations?” Moreover, is it a “single great nation?”
Does the Palestinian Jewish state fit the Birthright Blessings asserted toward Ephraim and Menasheh – Manasseh?
Here it is in a nutshell.
Ephraim = Great Britain and the Commonwealth of Nations.
Manasseh = The United States of America.
Judah = The present Jewish State in Palestine, formerly called, “Judea” in ancient times.
Oh, and by the way, the land of Canaan is not in Palestine… The Israelites were expelled from Canaan between the death of Joshua the son of Nun and the rule of the various Judges after Joshua.
The population of the Israelites during the Exodus was over 1 Million people. Numbers Chapter 1 states that there were 603,550 men of the ages of 20 and upward who were eligible for War.
How many women, children, and Levites-Levim were there since they were not included in that census?
So, if there was over 1 Million People in the Exodus from Egypt, how many were there 40 years later?
See, most People 99.9% of the People who read the Scriptures DO NOT THINK ABOUT WHAT THEY READ. They are blind, stupid idiots!!!
Jesus, Jesus, Jesus is all they really talk about from the Christian realm. Being a Jew myself, I have nothing against Jesus. I DO NOT like listening to People uttering their foolish nonsesnse about what he did, or what he stood for. I am just simply not interested in what THEY – CHRISTIANS have to say on any subject that was originally derived from Scriptures that were Jewish – not Roman Catholic, and not Protestant, and certainly not any other sect!!! They hijacked our Books, and stole from us!!!
As for Jews, they are too compassed by Rabbinical bullshit and studying what other “authorities” had to say through the Sages instead of thinking on their own.
They simply cannot think for themselves, and act accordingly. They got caught up in Organized Religious Racketeering.
Getting back to what you read? Understand that it is Zionism and Zionists that DO NOT REPRESENT the Torah, they DO NOT REPRESENT Jews, and they DO NOT REPRESENT Judaism. PERIOD.
They use Jews, they use Torah, and they use Judaism for their own political gain.
The Zionists are partly to blame for the Holocaust of over 6 Million Jews in the Concentration Camps during WWII.
When the proposals were made to have the Jews find new places to escape the Nazis, the Organizations like the United Jewish Appeal wanted to go to Britain, America, Canada, and other places. The United Jewish Appeal said, “No.” Operated by Zionist figures, they said they need to be sent to Palestine.
The British stated that Jews were not be sent to Palestine. The Zionist figures stated that they rather see the Jews of Europe perish if they weren’t going to Palestine!!!
One of the filthy scum bag Zionists stated that “a single Cow is worth more than all the Jews of Europe.”
So, whoever is uneducated on this, I say go to http://www.jewsagainstzionism.com
So, whatever the “appointed place” is that Nathan referred to in 2 Samuel 7:10 is? It is the REAL Promised Land. Since Nathan was speaking of a future time and place to king David, it’s natural to say that it is OUTSIDE PALESTINE.
This ties in with Ezekiel Chapter 37.
The Hopuse of Judah will reunite WITH the House of Israel, not the other way around.
Then read Numbers 34, Joshua 15, and Ezekiel 47.
Hmmmm. A north border towards the north at Hamath. A South border towards the south. It extends from an Eastern Sea to a Great Western Sea. It has one Bay that turns toward the south, and the other Bay connects with the East(ern) Sea.
OOOOPS! I forgot about the great numbers of fishes on both East and West Coasts!
Joshie boy was cautioned – Go into the Land gradually lest the BEASTS OF THE FIELD MAY BECOME TOO NUMEROUS FOR YOU!!!!!!!!!
If the population of Israel was over 1 Million in the Exodus, how many people would there be 40 years hence? Yeah, less the fucking complainers, and those who died by fire, plagues, and whatever else.
Oh Boy! Now, you get the picture? Take some fucking time and read carefully. Think on your own. Don’t take my word for it. TEST IT.
I am working on my e-book thayt explains this and more…
September 30th, 2008 at 2:25 pm
#212,
Yeah I agree completely however be prepared for the back lash that you might receive for saying it. I said a very similar comment a week ago and all the comments after were directed at me. All I said was that not all jews should be criminalized by the actions of a very small group.. People here went over the edge calling me every name in the book and when I fired back and called them on there hate, they called me a mossad agent……I’m not even jewish or israeli for that matter. What the hell is going on here that jews are taking the grunt of the blame of people that I doubt even practice judaism.
Take a look at the people who are the reasons for the common jew hating remarks;
Alan Greenspan- A known objectivism (loved ayan rand author of the book Atlas shrugged, and shares her philosophies)
Rothchilds- haven’t practised there religion in over 200 years, is a major contributor to the zionist movement but still hasn’t been a real jew in centuries
Larry Silverstein- yeah he’s a jew but works and drives on the sabbath (not really a practising jew now is he)
The list goes on and on and yet NONE of them are considered religious jews so why is the religion being attacked and not the person. I find the whole thing truly silly and most these guys don’t have a clue. Even if you try to explain it to them they will simply come back with some more unproven facts about jewish practises. I personally love the attack on the talmud, It so crazy that it’s finny to say the least. Number one they speak of it like they actually read it, which is pretty much a lie considering they can’t read Aramaic, secondly they provide you with a link that goes directly to a David Duke site where he claims to have read it as well and has studied it. I doubt David Duke can even read Aramaic let alone translate it, secondly you think jews would actually permit a known bigot and racist near there Talmud.
It’s all so crazy now and yet no one will put there foot down and say enough is enough. But hey it’s freedom of speech right, so we can’t stop them from saying it, but at the same time if we allow these comments to go without confrontation, we hold there words as true, and that I couldn’t allow for one second…
So good luck in the future #212, I think there is nothing wrong with what you said and the fact is YOUR RIGHT. Don’t let anyone tell you differently..
September 30th, 2008 at 2:38 pm
People that go on about the Jews are like people that complain about the free markets. You have free speech but why spend it on blaming religious ideas, when one doesn’t need to believe in anything to be a crook.
September 30th, 2008 at 2:54 pm
Hey watchman YOU’RE FUCKING LIAR. You are no jew and the proof is that you wouldn’t be on the computer right now if you were. You would be at Synagogue practising your faith instead of demeaning your own people. You’re the exact person that I have a problem with, the wolf dressed in sheep clothing.
Funny thing is that I heard him say the same exact thing but that time he claimed to be a christian. You sad little man watchman.
Go back to your church and tell them what you just told us, I bet your priest will keep ya around after everyone left to set you straight. Your a complete farce and a joke and everyone knows it. Nothing you say comes close to being factual and is insulting to All religions that you felt necessary to name. You should be ashamed of yourself and get your shit together. Lying to people won’t make your arguments any more compelling SO SHUT THE FUCK UP!!!! Quit embarrassing yourself and read some books.
I’m tired of your rude ass comments, I’m also insulted that you would think that I would be foolish enough to believe that you’ve read any form of jewish scripture.
This is there new year lady’s and gentlemen and since they aren’t present to defend themselves I will take it on myself, because ignorance should always and will always be challenged by intelligent people regardless of Faith. You self righteous christians have to learn to be tolerant and respectful to other religions and not everyone buys your bullshit. And believe you me as much critism as you have for the jewish faith there are people in the world that feel your atrocities and mass genocides are far more threatening then the jews SO BACK OFF. I could ridicule the christian faith some more but I for one believe in religious freedoms and the people right to practise whatever the hell they want. I personally have witnessed attack of the jewish religion at this site numerous times and must say the jewish responders are ALWAYS more respectful than there Christian adversary.
I’m sorry watchman but look at your religion through the history and tell me that you haven’t committed genocide in the name of lord. Where as jews have commited human rights violations in Israel they have not wiped out the Palestinian population even though we all know they are militarily capable. They have shown restraint where America has not. There’s the truth for you watchman and I dare you to respond!!!
I HATE LIARS AND WATCHMAN YOU ARE A LIAR CLEAR AS DAY!!!!
September 30th, 2008 at 4:21 pm
I haven’t read the jewish scriptures, but I have dealt extensively with Israelis. Let me tell you this from personal experience: The Israelis have no loyalty to the U.S. or anybody else. They would have expelled or exterminated the Palestinians long ago, but then they would risk losing the support of their only lifeline and cash cow, the U.S. The Israelis use us in several ways: they manipulate us into attacking their enemies and taking the heat for unpopular military actions, when possible. They manipulate our politics, religious institutions and advertising (to include the content of movies and television) to insure that those that support them thrive and those that don’t, don’t. They operate clandestinely in this country to murder, extort, discredit and exploit those that they consider their enemies or those from whom they feel they can gain some benefit to fit the above agenda. They invent and sell drugs, and a particularly viscious drug at that, to sell in our country. As a matter of national policy, they are viscious, back-stabbing, amoral murderers. Call me what you will, I’ve seen it in action and they brag about it once they think they have you indoctrinated or incriminated into their global scam.
September 30th, 2008 at 5:07 pm
I had mistakenly thought the Paulson was jewish, my mstake. I read a Cleveland Plain Dealer bio on Paulson is that he is a Scientologist! GREAT, I would have put more credibility to him and his efforts if he were Jewish.
Now we have a senior governent official believing that DC-8 like craft brought billions of aliens to earth to be incinerated by h-bombs and theirs souls were collected…. This is really too much!
September 30th, 2008 at 5:14 pm
It’s really easy to contact all your representatives by just going to:
congress.org
They also have an instant emailing set-up right on the home page about the bailout which will contact everyone, even Bush, in one fell swoop. Easy!!!
September 30th, 2008 at 9:18 pm
Wow, remind me again how and those two deuce bags Obama and McCain became the best choices for commander and chief?
September 30th, 2008 at 9:26 pm
To listen to Ron Paul is to realize that even when Congress voted against the $700 billion bail-out of the porkers, the Federal Reserve went ahead and stole $600 billion, then went ahead and bailed the $700 billion to assuage the porkers failed priorities, and wasted six hundred billion more at our Americans loss and cost, all crafted to cheapen our U.S. tax dollars even as these corporations export our U.S. jobs out of country, and then there is the money already earmarked for the new Pentagon Africa Command, just for starters! Where the hell is this going to end?
Ron Paul is right in that we do need more freedom and less government! And if the Congress which represents our U.S. citizens as the law in this United States is now less than useless under the whip of the bigger pigs that the congressional ass-lickers suck-up to, then what in hell do we need it for? Shouldn’t our impeachments be processed now? -Al Koppel.
September 30th, 2008 at 9:46 pm
Audit the Federal Reserve!!!!!! The biggest criminals in the world. Better yet… dissolve their purpose! Why do they need to print our money and charge us interest? It makes no sense and I can’t believe people don’t realize this!!!!
October 1st, 2008 at 12:28 am
Awesome. Audit the Fed. Brilliant.
October 1st, 2008 at 4:05 am
I love you Ron Paul! My true honest to God hero…
October 1st, 2008 at 6:49 am
Why is this guy not your president people!! wake up and listen to him before it’s too late!!.
From your brothers in Great Britain.
October 1st, 2008 at 8:13 am
When the illuminati stooge, Winston Churchill was named Prime Minister of Great Britain in 1940 he said that he felt as though his whole life was but a preparation for this moment in time in his role of ‘defeating’ Hitler. Make no mistake about it, the same thing can be said about Ron Paul ( except the stooge part of course ) Everything in his life is but a preparation for doing final battle with the arch-enemy of mankind- the Federal Reserve system. But it does no good to be the head of an army with not enough troops to fight the battles needed to win the war. A lot of you out there talk a good game but let’s see you put your money where your mouth is and become aware of and involved in H.R.2755, the bill pending in Congress to abolish the Fed. This is to be the mother of all battles and all others pale by comparison. It wont be for the faint of heart when you’re going in to the belly of the beast but remember that THIS is fighting the good fight and you’ll never feel more alive than when you’re fighting it. To paraphrase Jefferson, sometimes in the fight for freedom the soil of a country needs to be stained with the blood of tyrants and patriots. Sic semper tyrannis!
October 1st, 2008 at 8:23 am
Just as an aside, think about why he used the word ‘audit’ instead of the word ‘abolish’ It’s because we need a strength in numbers behind the effort to abolish in order to instill the confidence necessary to speak the word ‘abolish’ on a national stage. Get used to this word. Roll it around on your tongue, lips and teeth and give it impact with your words and action
October 1st, 2008 at 11:41 am
Ron Paul is a freemason controlled “oppostion” to the new world order just like Ross Perot was in 1992.
October 1st, 2008 at 2:54 pm
YOU tube said this video has been removed, must not be able to handle the truth.
October 1st, 2008 at 3:09 pm
Almost nobody is happy with either McCain or Obama. But we have nobody to vote for. Why? Because of Ron Paul leading people on until the 11th hour and then endorsing everybody in sight before finally endorsing Chuck Baldwin. It’s obvious that if Chuck were seriously being endorsed, that his name would be up on this website, and not Ron Paul’s.
It’s kind of obvious that Ron Paul has managed to corrupt Alex, when nobody else could. It’s obvious also that no man is worth our trust except for Jesus Christ, God who became man, to walk among us, who sticketh closer than a brother, who loved us and gave himself for us.
I’m tired of the wicked Paultards and their threats. You want to kill me, go ahead. The world is no place where anybody is going to want to live anyway, thanks to Ron Paul and his friends. I am not afraid of you. I don’t care if you DO know who I am, and if you want to tell me my time is short, good. Who wants to live like a starving robot kissing the feet of devil worshippers anyway!
October 1st, 2008 at 3:24 pm
Alex Jones does not agree with Ron Paul on much of anything.
1. Doesn’t agree with RP that the Austrian School has the answers. (said so a few days ago)
2. Doesn’t agree with RP that Ben Bernacke “Doesn’t have a clue.” (said so a few days ago)
3. Doesn’t agree with his drop out of the race (said if he were in RP’s shoes he would have fought to the end)
4. Doesn’t agree with RP that 9/11 was not an inside job.
5. Doesn’t agree with RP that abortion is not an unalienable civil right but rather a state’s right.
The only thing really that Alex Jones DOES agree with Ron Paul on is that it’s time for the Empire to end, to bring home the troops, because we can’t afford it. We didn’t need Ron Paul to tell us that. It’s obvious to me that Alex Jones doesn’t like Ron Paul very much at all, but for some reason he continues to prop him up by giving him space on this website.
Would somebody please tell me what is so awesome and wonderful about Ron Paul? Tell me just one thing this man has done other than suck up all the money and time and talent of the good people in this country who were looking for a good third party candidate to get behind for president this year. Instead, we got fed Ron Paul, who then proceeded to delay and divert right up to the election. Ron Paul has not educated anybody, not wakened anybody up to anything that I can see.
Now we get to go and choose between Obama or McCain.
This is not a good thing. This is an evil thing. I cannot stand the sound of the words “Ron Paul.” I hate people who are evil and pretend to be good, who use people, who are total frauds the way Ron Paul is and whose Paultard supporters threaten to murder me for speaking my mind.
October 1st, 2008 at 3:36 pm
Ron Paul is an open borders liberal.
Voted for driver’s licenses for illegals too.
Ron Paul is a Trojan Horse.
“The best way to control the opposition is to lead it.”
October 1st, 2008 at 3:41 pm
Hey, Just The Truth, oh whaaaaa…, Ron Paul sponsored and introduced HR 2755, The Federal Reserve Abolition Act, back in June ‘07. How’s that for
“paultard supporters” …lol…, JTT, your use of sweeping generalizations and denigrating labels is strong evidence of ignorance and intolerance on your part.
Have a nice day.
October 1st, 2008 at 4:39 pm
Yeah, number 206, Ron Paul is good at proposing legislation that has no chance of passing.
But that turns on the Paultards, so if that makes you happy go celebrate!
You judge a man by his fruit. What fruit does Ron Paul have?
1. A lot of broke families who gave their all to his phony candidacy.
2. Two establishment candidates to choose from in one short month, both of whom want perpetual war for perpetual peace.
3. A nice long red list of the best and the brightest all set to go for the roundup, courtesy of Ron Paul. He’s already sold his mailing list a few times I’ve heard.
4. Four third party candidates all running against each other and no chance for any of them to get very many votes.
5. Lots of pork brought home to RP’s corporates in his district, per usual.
6. Corruption of a lot of young people regarding abortion as being a “state’s right,” as per his speech at Liberty Baptist.
7. Discrediting of the 9/11 Truth movement.
etcetera.
October 1st, 2008 at 7:47 pm
Ron Paul is right on. Let’s boot the Fed and start printing our own money.
October 1st, 2008 at 8:06 pm
Ron Paul thinks it ok to live off the peoples dime hes been in congress so long lol con game the American sheep worship this free mason Ron Paul I laugh at them for putting faith in a man that will sell them out ..ron paul has the safety of his government but do you idiots that worshiped him and sent him yr money like a tv preacher he played you all ……………………………..
October 1st, 2008 at 10:23 pm
I guess his voting record should speak for who he is and what he stands for. He has never voted for anything that went against the constitution. Many people think they are awakened to only parrot what they hear on the zionist tube. I guess the media really helped Ron Paul didn’t they. I also said the easiest way to really understand someone is by what they say about Ron Paul with no evidence at all,just rumors set in place by guess who?
October 2nd, 2008 at 3:52 am
Number 210, YOU are the one living off rumors, namely taking the word of others like Alex Jones that Ron Paul is a good guy. He’s not. He’s not a constitutionalist, else he would not be treating the lives of unborn babies as though it were a choice to get your hair cut or not. If he loved the Constitution as he claims, he would stand for the first and foremost right by which no other “rights” have any meaning — which is the right to life, the first unalianeable, God given right, spelled out in the founding document of our country, the Declaration of Independence.
Ron Paul does not understand the foundational principles of this Repuglic. Or, rather, he DOES understand, but he is a fraud, a liar, a murderer, and a devil worshipper.
Alex Jones has been had, and we need to not walk into the same trap that Alex did. Do NOT put your trust in Ron Paul.
Ron Paul is an open borders liberal, proabort, prodrugs. Ron Paul wants to legalize pot, which is why the Paultards think he’s God incarnate. That’s because their whole life is based around smoking pot. He has got his hooks into Alex, and don’t let him get his hooks into you. Pray for Alex that he can disengage himself from this blood-sucking parasite named Ron Paul.
Do NOT fall for the lies of this charlatan wicked man who has done NOTHING for America, who has betrayed millions of people who trusted him and donated to his fraudulant candidacy for president.
Ron Paul needs to be rejected and EXPOSED. Stop letting foul-mouthed, ignorant Paultards intimidate you into supporting a man like Ron Paul, who has personally profited in the millions from selling out his country and the young families who wanted a chance to live and raise their families and who supported him with time, money and talent.
October 2nd, 2008 at 4:11 am
Number 208, Ron Paul is not advocating just printing our own money, but going on the gold standard.
Well, America has no gold. All our gold has been stolen and is gone, gone, gone.
It’s owned by the same people who were printing our money and charging us interest on it when they lent it back to us.
The Fed Reserve has printed so much money and its cronies they put in power have leveraged their bets on our demise (insurance scams) so many times, that they are betting trillions and trillions on the collapse of the economy and destruction of America. They are nothing but speculators who are looking to get rich if their bets turn out right. A bunch of evil looters placing put options is all they are basically. And Ron Paul is one of them, out hawking that we return to the gold standard.
Yeah, right. Ron Paul wants to make sure that all those millions he stole from us doesn’t turn into toilet paper.
The Fed printed toilet paper, stole all the gold, and now they want us to hand over our entire country to them in return for their pile of toilet paper, while they walk away owning the entire world.
We need to tell Ron Paul and the Fed BOTH to go to Hell. And Alex needs to stop coddling Ron Paul. He keeps saying on his show that he doesn’t agree with Ron, and I never hear him saying he agrees with anything Ron Paul has said or done — yet he continues to let him hog up the website and to point people to Ron Paul as some kind of savior of mankind.
The following article below explains what’s happening to us, the tangled spider web of deceit that is stealing the country out from under us. It’s so contorted and twisted, nobody could ever figure it out, which is why the Banksters are getting away with it. But if you have the patience to read the article below, it’s worth the read. We all know the Paultards won’t be reading it because they can’t focus long enough to read anything and if they did read it they wouldn’t understand it.
_________________________________________________________
“No matter how paranoid or conspiracy-minded you are,
what the government is actually doing is worse than you imagine.”
— William Blum
——————————————————————————–
http://abundanthope.net/pages/article_2084.shtml
From AbundantHope.net
True US History
Credit Default Swaps: The Insane Problem and the Radical but Sane Solution
By Chuck Simpson
Sep 28, 2008, 04:44
http://www.opednews.com
The paramount reason for today’s cancerous credit crisis is seldom even hinted and never explained.
First, a simple definition. A credit default swap is a form of insurance. A variant of mortgage insurance required of many home purchasers. An insurance policy that requires a company with financial strength to step up to the plate and pay the mortgage if for some reason the home buyer defaults.
A credit default swap is similar: If default occurs, an insurance company pays the income stream of the mortgage.
With one extremely important difference: Payments are made to the owner of the policy, not to the financial institution that stands to suffer a loss.
Financial institutions are allowed, through total lack of regulation, to buy and sell credit default swaps, or insurance they will be paid in event of default, on financial instruments in which they have no financial interest.
Start with a simple example. Assume I know the young son of the couple next door likes to crawl into closets and play with matches. I therefore see a reasonably good shot at “winning the disaster lottery” so to speak, by buying fire insurance on their $200,000 house.
In simple terms, I now have a financial interest is seeing that disaster occurs. If the house, for whatever mysterious reason, burns down an insurance company will pay me the insured value of the house – even though I suffered no loss, financial or otherwise. My neighbor’s misfortune is thus magically transformed into my good fortune. A polite way of saying I was paid $200,000, the insured value of my next-door neighbor’s house, after I paid the $400 insurance premium.
Being bright and suitably equipped with an MBA from a prestigious eastern university, I well and fully understand the desirable objective of maximizing my return on investment. I can accomplish this in one or both of two ways – increasing the return or decreasing the investment.
I can increase the return by artificially increasing the value of the house – say from $200,000 to $400,000. This will allow me to collect twice as much for suffering no personal loss. The easiest way to accomplish this would be to hire one of my buddies, who happens to be a real estate appraiser, to “document” the higher value.
I could also decrease my investment – meaning the premium I paid for the insurance, say from $400 to $200. The easiest way to do this would be to hire a widely acclaimed “fire risk rating agency” to send out an inspector who will look around (or perhaps only drive by without stopping) and then solemnly declare: “This house is fireproof”.
Either of the two most prominent and widely known fire rating companies would be excellent choices, based on their prior experience.
In the real world, meaning Main Street as opposed to Wall Street, this would be illegal. Against the public interest, because it encourages houses to mysteriously burn down. The insurance policies owned by people without a financial stake in the fire would be declared null and void because they are contrary to public policy, which sees minimizing the number of mysterious house fires as a good thing.
Rather than a bad thing, as now occurs under America’s predatory capitalist system.
Now change an assumption. Assume I tell 99 of my poker-playing gambler friends about the boy’s strange and dangerous interest. Starting with my appraiser buddy, who’s predatory income as a result of a mysterious fire will double, as a direct result of his appraisal.
Now assume the $400,000 house burns to the ground. One hundred or so insurance companies will collectively pay $40 million in claims on the loss of a single $400,000 house. The benefits of a $400,000 disaster are magically multiplied by a factor of 100 and transformed into a $40 million disaster – with one family suffering a loss and 100 families experiencing a gain. The losses of the insurance companies don’t count, because, in America’s capitalist society, they are in the business of writing insurance – and paying claims for losses.
But in today’s society, fire is not the only disaster that can be insured against. Of particular interest, default on a home mortgage can be insured against. And possession of an interest in the mortgage or actual risk of financial loss as a result of default is not required in order to purchase the insurance.
In this case also, I can increase my return with an inflated appraisal and decrease my investment by declaring the risk to be minuscule – meaning rated AAA by widely acclaimed rating agencies.
We can now change another assumption. Assume the playing with matches problem is removed and a new problem is substituted. A problem like the husband and wife both having low-paying jobs and no health insurance, coupled with knowledge that many employers refuse to accept illness as a legitimate reason for missing work and have iron-clad policies that require ill workers be fired for failing to report to work.
Or assume both husband and wife have no seniority and work at jobs that may not exist tomorrow because they were shipped overseas last night.
If I knew one or both of them were developing health problems or that one or both were at risk of being laid off, I would see a reasonably good shot at “winning the disaster lottery” so to speak, by buying mortgage default insurance, also known as a credit default swap, on their $400,000 house.
Then I could sit back, relax and wait for the hoped-for and expected misfortune, which will be my good fortune. As could 99 of my gambling buddies.
Back to the neighbor’s home that mysteriously burned to the ground. This tragic event is a great deal for me and my 99 gambling buddies. Our biggest risk is that, having paid the insurance premiums, the home stubbornly refuses to burn to the ground.
Being capitalists, we desire to increase the odds that a disastrous fire will occur. My friends and I with fire insurance policies on my neighbor’s house have two options for increasing the odds. One, teach the young child the joys and wonders of paying with matches in closets. Two, hire a professional arsonist.
Holders of credit default swaps have similar but more numerous and less risky opportunities to increase their odds of “winning the disaster lottery”.
The best way would be use of fine-print, non-understandable escalator clauses that increase the hard-working couple’s monthly payments by a factor of two or three. With rampant inflation, confined to core goods that officially “don’t count” in Washington, such as $4.00 gasoline, $5.00 milk and $3.00 bread. With rampant if covert support of immigrant labor, legal or otherwise, who are willing to work for less, without any benefits at all, let alone health insurance, thereby increasing the risk of job loss.
We could destroy OSHA, making on-the-job causes of illness and injury more likely. We could buy legislation that benefits pharmaceutical companies while making both medicine and health insurance unaffordable. We could destroy the economy of Main Street, making job loss more likely. The list is extensive, collectively making early default all but inevitable.
That issue addressed, our biggest worry becomes the solvency of the insurance companies. That problem can best be solved by requiring substitution of a “bigger and better” insurance company with deeper pockets.
Purchasing legislation and regulations (or the lack thereof) is the preferred method.
Roughly a quarter-century ago, when I was owner of a new and small consulting engineering firm in a Midwestern state, a law was passed requiring that operators of coal strip mines reclaim the messes they made. To ensure this might actually happen, the new law required coal mine operators to post reclamation performance bonds, payable to the state. So if the operators went bankrupt, the state could call the bonds, thereby obtaining funds for the state to hire and pay remediation contractors.
I never understood at the time why the small independent strip mine operators had so little interest in hiring a consulting engineer to design mining and reclamation operations so as to minimize reclamation expense, or even to provide honest estimates of expected reclamation expenses. Until, in an unguarded moment, one small operator explained Plan B.
At the time, only $250,000 in financial assets were required for formation of an insurance company, and once formed, no limits were placed on the value of insurance written. Same for performance bonds written to the government that granted the license and regulated.
As chance would have it, a dozen or so small mine operators joined together and kicked in about $20,000 each, thereby building a kitty of $250,000. They solicited a straw man and formed their very own little insurance company. That company specialized in writing strip mine reclamation bonds, with the state as an insured party. The amounts of the bonds were based on remediation cost estimates that were provided by the operators who paid for the bonds. This insurance company was issued a license even though the owners never at any time had any intention whatsoever of paying claims they knew would be filed.
Mining operations continued as before. Meaning horrendous messes were left behind. When the messes were discovered, ABC mining companies declared bankruptcy. Corporate assets, usually consisting only of a worn-out backhoe and a dilapidated dump truck, were liquidated for each of the companies. DEF mining companies with different well-used backhoes and dump trucks were formed to exploit the next sites.
As to ABC’s sites: The state called upon the insurance company’s performance bonds so the state could clean up the messes. And the state did.
Reclamation work “estimated” by the mine operators to cost about $6 million was performed, at a cost of about $70 million. All but about $250,000 was paid for by the taxpayers, after the insurance company filed bankruptcy.
Substituting A.I.G. and similar institutions for the name of the miner’s small insurance company will explain much of America’s current situation.
As with reclamation of strip mines, the insurance companies will file for bankruptcy. Government, via a $700 billion emergency rescue plan, will step up to the plate. The costs will be paid by taxpayers who have seen only losses and no gains. Pursuant to a rescue plan that prohibits any and all forms of congressional or judicial oversight or opportunity to object.
Except for reports, to be filed twice yearly. Something akin to the fox being required to periodically report how many chickens he stole from the hen house, without being required to return any of the stolen chickens. And who will keep this count? The fox.
The inevitable bankruptcy of A.I.G? What other option exists for a company with a market value of $12 billion and liabilities of about $450 billion on credit default swaps written to hedge funds, many of which are headquartered offshore and thus pay no taxes in the United States. For this, the government is paying $85 billion in taxpayer’s money. In return, the government, meaning the taxpayers, will be entitled to receive 80 percent of the company’s stock. Stock that is all but assured to be totally worthless.
For insurance company executives, financial risks of corporate bankruptcy are all but non-existent. Lehman Brothers is a prime example. On September 15, Lehman filed bankruptcy – the biggest in America’s history. Hours before, the New York headquarters was scrambling for cash. Other banks were refusing to provide loans to Lehman. Banks with loans outstanding were demanding immediate repayment. Counter parties to Lehman’s credit default swaps were selling out at ten cents on the dollar.
Lehman’s response: Hours before the bankruptcy filing, Lehman transferred $2.5 billion from the London office to the American holding company. This money had “accrued as part of group profits from the first nine months of the year” and will be used to pay employee bonuses. As a result, the London office had no funds with which to make the payroll.
Presumably. part of that money will be used to pay a bonus to Lehman CEO Richard Fuld, Jr. Last year he made $71 million. In better times, namely 2006, he was the fifth-highest paid CEO in America. His total compensation was $122.67 million.
Working American taxpayers rightly question whether firms such as this, managed by people such as this, should be bailed out. And question if the bailout will be administered fairly.
Just cause exists for questioning. Should taxpayers be concerned (or outraged) that the fox who wrote the emergency plan and will be responsible for guarding government’s $700 billion hen house is Treasury Secretary Hank Paulson?
Paulson, who amassed a fortune estimated to total $700 million during his 32-year career at Goldman Sachs, the main competitor of Lehman?
Paulson, who will be allowed to purchase worthless securities from Goldman Sachs and offshore hedge funds at prices that he alone will determine but probably not disclose, without being subject to congressional or judicial oversight of any sort?
Paulson, who refused to even consider bipartisan calls for tighter regulation or reform after sending his emergency proposal to Congress at 1:30 A. M. last Saturday?
Paulson, whose previous employer Goldman Sachs was granted a request to convert to a bank holding company with full access to the Federal Reserve’s emergency loan program by his buddy Bernanke?
Paulson, who failed and sometimes refused to regulate and now claims changes to his proposal aren’t possible because of an emergency that resulted from his failure or refusal to regulate?
Paulson, who last Sunday rejected suggestions that his taxpayer-funded program be revised to provide any sort of relief for homeowners facing foreclosure?
Paulson, who steadfastly refuses to consider taking a hard look at A.I.G. and other financial firms. How could these companies, managed by the so-called “best and brightest” guys in the room, have committed such a long and horrendous series of “poor judgments”?
By accident, or sheer incompetence?
Hard to believe, given that everyone in the room knew millions of explosive mortgages were being written to families without sufficient income, or in some cases no documentation of any income at all, based on fraudulent appraisals and supported by fraudulent AAA ratings.
Given the size and blatant nature of the disaster, accident and incompetence excuses simply don’t fly. Something more was involved. That something is the number and size of vultures who bet on and stand to gain from the disaster, and how much they stand to gain. Too many people owning fire insurance on my neighbor’s valuable house.
In my house fire insurance example, the insurance companies that wrote the polices risk going broke, due to an unprecedented number of mysterious house fires, each resulting in an unprecedented number of claims.
The proposed bailout asks for $700 billion. The number of homes through, in the process of or facing foreclosure is currently about five million. Meaning the cost will be about $140,000 per home.
But the problem as to credit default swaps is much bigger. The notional value of credit default swaps outstanding is estimated to be about $62 trillion.
This is about $12.4 million per home. About 31 times the value of a $400,000 home.
No wonder America is experiencing an emergency of mysterious financial house fires. And who will benefit? Those who taught and then encouraged the boy to play with matches.
The Sane Solution
Our leaders warn of dire consequences: If the $700 billion bailout bill is not passed immediately, without debate, let alone modification, economic growth will “suffer”.
But America has already experienced years of economic growth. And suffering. The parasitic, predatory type of growth I’ve described has already resulted in many years of much suffering on Main Street.
More suffering? The honest, hardworking people of Main Street USA who would never dream of attempting to make a profit on someone else’s disaster deserve to see much more than suffering. They deserve to see the death of all the financial institutions that sought to get rich on the backs of hardships suffered by or intentionally inflicted on others.
This is not the type of economic growth that should be saved. This is the type of growth that should be killed in its tracks, as dead as possible, the quicker the better.
One excellent first step would be rejection of the $700 billion burden to be placed on the backs of taxpayers.
An excellent second step would be a judicial declaration that the value of any and all credit default swaps is zero, as being against public policy that requires that activities than encourage mysterious fires or other forms of disaster are illegal as contrary to public policy.
Yes, you heard me right. Judicial determination that all $62 trillion worth of credit default swaps are null, void and totally worthless.
Only then can a just and humane financial system can be constructed upon the ashes of the old.
This process could and should be facilitated by all honest citizens withdrawing all their funds from all financial institutions, notably including bank checking and savings accounts and money market funds, but possibly excluding local credit unions that loan in and support the local community. I urge all American citizens to do this, as quickly as possible, to the maximum extent possible. If for no other reason, then for self-defense. All must realize no bank is safe and FDIC is one major collapse from insolvency.
The intended result: The quick death of the financial system that has sentenced all of us to a slow death.
All citizens should consider and choose: Will they be among those meekly walking to the cattle cars because of vague promises of a better life, or among those who stood up so bravely in Warsaw.
Chuck Simpson, aka azchuck
Please disseminate as widely as possible, including to all members of Congress. Preferably starting with Ron Paul.
The author is a retired professional civil and structural engineer, reformed attorney, fierce Progressive, policy junkie, vociferous reader, lifelong learner, aspiring writer and author of the crime-thriller “The Geronimo Manifesto”. He is also a law-abiding but avid proponent of progressing America back to its earlier ideals of freedom, fairness, justice and opportunity for all.
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October 2nd, 2008 at 11:58 am
Ron Paul says we need more freedom, but no regulation of the markets. I’m just not sure we can regulate the Federal Reserve without regulating the markets. We’re going to need some kind of government protections to guarantee our freedom as regular citizens. He blames coporatism, but wants their regulations lifted? I’m not sure I get it…
October 3rd, 2008 at 6:40 am
Justthetruth:
What do you have against Ron Paul? You really think he’s a devil worshipper? Wow. He’s one of very few Congressmen who give a damn about us. He’s also very intelligent, and has a great understanding of economics. I agree that there is no gold in Ft Knox, and going back on a gold standard might not be the greatest idea, but it still beats paper money. I won’t argue for cannibis legalization, but I will give you a website with some info you might find interesting—-jackherer.com. He’s not pro-abortion, and he’s not pro- open borders, nor is he a liberal.
DataDoc:
RP wants to abolish the fed. Watch America: Freedom to Fascism.
To anyone reading this: Learn about RP for yourself and don’t let what Justthetruth says affect your reasoning.
October 26th, 2008 at 4:51 pm
Ron Paul is a great man who sticks his neck out literally for the people. Ron Paul makes more sense about whatever he talks about more than John McCain or Barack Obama EVER could! How many public officials can you say that about? Not many I guarantee you that!
Just The Truth– YOU are a complete A-Hole .. Truth my ass you’re name should be Just False because you’re the f’n retard!
November 26th, 2008 at 11:48 am
WHAT?! So you’re saying Ron Paul needs to go to hell because he wants to go back to the gold standard? You’re blaming him for the government stealing the gold?! People are continuing to invest in gold, we need to either get it back or use silver or another commodity. You’re a dumb bastard. Ron Paul IS Thomas Jefferson. Ron Paul IS for the people. The guy is not only one of the ONLY good honest politicians but the guy is also a doctor! A doctor who gives away his services to the poor. YOU need to die.
November 26th, 2008 at 11:50 am
Don’t listen to this guy he IS lying…Ron Paul IS a constitutionalist and he IS pro-life. Don’t believe shit this guy says he really doesn’t know what he’s talking about. He probably got a bailout.