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Trouble in Banktopia
- Text size
Mike Whitney
Infowars
September 27, 2008
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| This is a banker’s coup cooked up and facilitated by the deep-money guys who operate stealthily behind the political sideshow. The only time they emerge from their stinkholes is when they’re flushed out by a crisis that threatens their continued dominance. Photo by Jeremy Scahill, from the bailout protest in New York, September 25, 2008. | |
The financial system is blowing up. Don’t listen to the experts; just look at the numbers. Last week, according to Reuters, “U.S. banks borrowed a record amount from the Federal Reserve nearly $188 billion a day on average, showing the central bank went to extremes to keep the banking system afloat amid the biggest financial crisis since the Great Depression.” The Fed opened the various “auction facilities” to create the appearance that insolvent banks were thriving businesses, but they are not. They’re dead; their liabilities exceed their assets. Now the Fed is desperate because the hundreds of billions of dollars of mortgage-backed securities (MBS) in the banks vaults have bankrupt the entire system and the Fed’s balance sheet is ballooning by the day. The market for MBS will not bounce back in the foreseeable future and the banks are unable to roll-over their short term debt. Game over. The Federal Reserve itself is in danger. So, it’s on to Plan B; which is to dump all the toxic sludge on the taxpayer before he realizes that the whole system is cratering and his life is about to change forever. It’s called the Paulson Plan, a $700 billion boondoggle which has already been disparaged by every economist of merit in the country.
From Reuters:
“Borrowings by primary dealers via the Primary Dealer Credit Facility, and through another facility created on Sunday for Goldman Sachs, Morgan Stanley, and Merrill Lynch, and their London-based subsidiaries, totaled $105.66 billion as of Wednesday, the Fed said.”
See what I mean; they’re all broke. The Fed’s rotating loans are just a way to perpetuate the myth that the banks aren’t flat-lining already. Bernanke has tied strings to the various body parts and jerks them every so often to make it look like they’re alive. But the Wall Street model is broken and the bailout is pointless.
Last week, there was a digital run on the banks that most people never even heard about; a “real time” crash. An article in the New York Post by Michael Gray gave a blow by blow description of how events unfolded. Here’s a clip from Gray’s “Almost Armageddon”:
“The market was 500 trades away from Armageddon on Thursday…Had the Treasury and Fed not quickly stepped into the fray that morning with a quick $105 billion injection of liquidity, the Dow could have collapsed to the 8,300-level – a 22 percent decline! – while the clang of the opening bell was still echoing around the cavernous exchange floor. According to traders, who spoke on the condition of anonymity, money market funds were inundated with $500 billion in sell orders prior to the opening. The total money-market capitalization was roughly $4 trillion that morning.
The panicked selling was directly linked to the seizing up of the credit markets – including a $52 billion constriction in commercial paper – and the rumors of additional money market funds “breaking the buck,” or dropping below $1 net asset value.”
The Fed’s dramatic $105 billion liquidity injection on Thursday (pre-market) was just enough to keep key institutional accounts from following through on the sell orders and starting a stampede of cash that could have brought large tracts of the US economy to a halt.” (New York Post)
Commercial paper is the lubricant that keeps the financial markets functioning. When confidence vanishes (because the stewards of the system in Washington are buffoons), investors withdraw their money, normal business operations become impossible, and the markets collapse. End of story. So, rather than restore the public’s confidence by strong leadership and behavior designed to reassure investors; President Bush decided to give a major prime-time speech stating that if Paulson’s emergency bailout package was not passed immediately, the nation’s economy would vaporize into the ether. Go figure?
Last week, the commercial paper market, (much of which is backed by mortgage-backed securities) shrunk by a whopping $61. billion to $1.702 trillion, the lowest level since early 2006. So, Paulson’s bailout will effectively underwrite CP as well as the whole alphabet soup of mortgage-backed derivatives for which there is currently no market. The US taxpayer is not only getting into the plummeting real estate market, he is also backstopping the entire financial system including defaulting car loan securities, waning student loan securities, flailing home equity loan securities and faltering credit card securities. The whole mountainous pile of horsecrap-debt is about to be stacked on the back of the maxed-out taxpayer and the ever-shriveling greenback. Paulson assures us that its a “good deal”. Booyah, Hank!
PAULSON’S $700 BILLION BOONDOGGLE
How did Treasury Secretary Paulson figure out that recapitalizing the banking system would cost $700 billion? Or did he just estimate the amount of money that could be loaded on the back of the Treasury’s flatbed truck when it sputters off to shower his buddies at G-Sax with freshly minted greenbacks? The point is, that Paulson’s calculations were not assisted by any economists at all, and they cannot be trusted. It is a purely arbitrary, “back of the envelope” type figuring. According to Bloomberg: Swiss investor Marc Faber, known for a long track record of good calls, believes the damage may come to $5 trillion:
“Marc Faber, managing director of Marc Faber Ltd. in Hong Kong, said the U.S. government’s rescue package for the financial system may require as much as $5 trillion, seven times the amount Treasury Secretary Henry Paulson has requested….
“The $700 billion is really nothing,” Faber said in a television interview. “The treasury is just giving out this figure when the end figure may be $5 trillion.”(Bloomberg News)
Most people who follow these matters would trust Faber’s assessment way over Paulson’s. In his latest blog entry, economist Nouriel Roubini said that “no professional economist was consulted by Congress or invited to present his/her views at the Congressional hearings on the Treasury rescue plan.” Roubini added:
“The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.”
Roubini is right on all counts. So far, more than a 190 prominent economists have urged Congress not to pass the $700 bailout bill. There is growing consensus that the so-called “rescue package” does not address the central economic issues and has the potential to make a bad situation even worse.
BANKER’S COUP?
Financial industry rep. Paulson is the ringleader in a banker’s coup the results of which will decide America’s economic and political future for years to come. The coup leaders have drained tens of billions of dollars of liquidity from the already-strained banking system to trigger a freeze in interbank lending and hasten a stock market crash. This, they believe, will force Congress to pass Paulson’s $770 billion bailout package without further congressional resistance. It’s blackmail.
As yet, no one knows whether the coup-backers will succeed and further consolidate their political power via a massive economic shock to the system, but their plan continues to move jauntily forward while the economy follows its inexorable slide to disaster.
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The bailout has galvanized grassroots movements which have flooded congressional FAXs and phone lines. Callers are overwhelmingly opposed to any bailout for banks that are buckling under their own toxic mortgage-backed assets. One analyst said that the calls to Congress are 50 percent “No” and 50 percent “Hell, No”. There is virtually no popular support for the bill.
From Bloomberg News: “Erik Brynjolfsson, of the Massachusetts Institute of Technology’s Sloan School, said his main objection “is the breathtaking amount of unchecked discretion it gives to the Secretary of the Treasury. It is unprecedented in a modern democracy.”
“I suspect that part of what we’re seeing in the freezing up of lending markets is strategic behavior on the part of big financial players who stand to benefit from the bailout,” said David K. Levine, an economist at Washington University in St. Louis, who studies liquidity constraints and game theory.” (Mish’s Global Economic Trend Analysis)
Brynjolfsson’s suspicions are well-founded. “Market Ticker’s” Karl Denninger confirms that the Fed has been draining the banking system of liquidity in order to blackmail Congress into passing the new legislation. Here’s Denninger:
“The Effective Fed Funds rate has been trading 50 basis points or more below the 2% target for five straight days now, and for the last two days, it has traded 75 basis points under. The IRX is demanding an immediate rate cut. The Slosh has been intentionally drained by over $125 billion in the last week and lowering the water in the swamp exposed one dead body – Washington Mutual – which was immediately raided on a no-notice basis by JP Morgan. Not even WaMu’s CEO knew about the raid until it was done….The Fed claims to be an “independent central bank.” They are nothing of the kind; they are now acting as an arsonist. The Fed and Treasury have claimed this is a “liquidity crisis”; it is not. It is an insolvency crisis that The Fed, Treasury and the other regulatory organs of our government have intentionally allowed to occur.”
Bingo. This is a banker’s coup cooked up and facilitated by the deep-money guys who operate stealthily behind the political sideshow. The only time they emerge from their stinkholes is when they’re flushed out by a crisis that threatens their continued dominance. Grassroots resistance, spearheaded by Internet bloggers (like Mish, Roubini and Denninger) are demonstrating that they can mobilize tens of thousands of “peasants with pitchforks” and be a factor in political decision making. It also helps to have elected officials, like Senator Richard Shelby, who stand firm on principle and don’t faint at the first whiff of grapeshot (like his weak-kneed Democratic counterparts) Shelby has shouldered the full-weight of executive pressure which has descended on him like a Appalachian rockslide. As a result, there’s still a slight chance that the bill will have to be shelved and the industry reps will have to go back to Square 1.
Market Ticker has provided charts from the Federal Reserve that prove that Bernanke has withdrawn $125 billion from the banking system in the last 4 days alone to create a crisis situation that will incite credit market mayhem and increase the liklihood of passing the bill. This is coercion of the worst kind. http://market-ticker.denninger.net/archives/2008/09/24.html
The country’s economic predicament is steadily deteriorating. Orders for manufactured durable goods were off 4.5 percent last month while inventories continued to rise. Unemployment is soaring and the housing crash continues to accelerate. Credit Suisse now expects 10.3 million foreclosures (total) in the next few years. Numbers like that are not accidental, but part of a larger scheme to use monetary policy as a way to shift wealth from one class to another while degrading the nation’s overall economic well-being. More alarming, the country’s primary creditors are now staging a rebellion that is likely to cut off the flow of capital to US markets sending the dollar plummeting and triggering a deflationary credit collapse. This is from Reuters:
“Chinese regulators have asked domestic banks to stop lending to U.S. financial institutions in the interbank money markets to prevent possible losses during the financial crisis, the South China Morning Post reported Thursday. The China Banking Regulatory Commission’s ban on interbank lending of all currencies applied to U.S. banks, but not to lenders from other countries, the report added.”
Bloomberg News reports that Dallas Federal Reserve Bank President Richard Fisher has broken with tradition and lambasted the proposed bailout saying that it “would plunge the U.S. government deeper into a fiscal abyss.”
From Bloomberg: “The plan by Treasury Secretary Henry Paulson to buy troubled assets from financial institutions would put ‘one more straw on the back of the frightfully encumbered camel that is the federal government ledger,’ Fisher said today in the text of a speech in New York. ‘We are deeply submerged in a vast fiscal chasm.’…The seizures and convulsions we have experienced in the debt and equity markets have been the consequences of a sustained orgy of excess and reckless behavior, not a too-tight monetary policy,” Fisher said to the New York University Money Marketeers Club.” (Bloomberg)
Surely, the cure for hyperbolic “credit excesses and reckless behavior” cannot be “more of the same.” In fact, Paulson’s bailout does not even address the core issues which have been obscured by demagoguery and threats. The worthless assets must be written-down, insolvent banks must be allowed to go bust, and the crooks and criminals who engineered this financial blitz on the nation’s coffers must be held to account.
The carnage from Greenspan’s low interest rate, “easy money” binge is now visible everywhere. Inflated home and stock values are crashing as the gas continues to escape from the massive equity bubble. The FDIC will have to be recapitalized–perhaps, $500 billion–to account for the anticipated loss of deposits from failing banks caught in the cross-hairs of asset-deflation and steadily contracting credit. Recession is coming, but economic collapse can still be avoided if Paulson’s misguided plan is abandoned and corrective action is taken to put the country on solid financial footing. Market Ticker lays out framework for a workable solution to the crisis, but they must be acted on swiftly to rebuild confidence that major systemic changes are underway:
1–Force all off-balance sheet “assets” back onto the balance sheet, and force the valuation models and identification of individual assets out of Level 3 and into 10Qs and 10Ks. Do it now. (Editor: In other words, no more Enron-type accounting mumbo-jumbo and no more allowing the banks assign their own “values” to dodgy assets)
2–Force all OTC derivatives onto a regulated exchange similar to that used by listed options in the equity markets. This permanently defuses the derivatives time bomb. Give market participants 90 days; any that are not listed in 90 days are declared void; let the participants sue each other if they can’t prove capital adequacy.(Ed: If trading derivatives contracts can damage the “regulated” system, than that trading must take place under strict government regulations)
3–Force leverage by all institutions to no more than 12:1. The SEC intentionally dropped broker/dealer leverage limits in 2004; prior to that date 12:1 was the limit. Every firm that has failed had double or more the leverage of that former 12:1 limit. Enact this with a six month time limit and require 1/6th of the excess taken down monthly. (Ed: The collapse in the “structured finance” model is mainly due to too much leverage. For example, Fannie Mae and Freddie Mac had $80 of debt for every $1 dollar od capital reserves when they were taken into government conservatorship)
If there’s going to be a bailout, let’s get it right. Paulson’s $700 billion bill does nothing to fix the deep structural problems in the financial markets; it merely pushes the day of reckoning a little further into the future while shifting the burden of payment for toxic assets onto the taxpayer. It’s a real turkey. The entire system needs transformational change so that the activities of Wall Street mesh with the broader objectives of the society it’s supposed to serve. Paulson’s business-model is busted; it does no one any good to try to glue it back together.
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September 27th, 2008 at 2:42 pm
<a “Let your gun therefore be the constant companion of your walks. What country can preserve its liberties if its rulers are not warned from time to time that its people preserve the spirit of resistance? Let them take arms….The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.” -Thomas Jefferson
September 27th, 2008 at 2:46 pm
Paulson was not elected by my or anyone else.. His job along with who appointed him was to take care of and warn the American people of pending economic problems.. he failed and he and those before him are 100 years late..
The US doesn’t need to save the banks as much as the US citizen needs a wake up call to expose them to the corrupt GVT and financial system…
The citizen is going to pay either way.. So why not have a choice in the matter…
Let Paulson and Bernanke live like the $7 per hour guy if we can reduce them down to it…
I would prefer to see the corruptness be exposed..
September 27th, 2008 at 2:47 pm
This is treason…Bernanke and others should be prosecuted for high treason by the people!
Market Ticker has provided charts from the Federal Reserve that prove that Bernanke has withdrawn $125 billion from the banking system in the last 4 days alone to create a crisis situation that will incite credit market mayhem and increase the liklihood of passing the bill. This is coercion of the worst kind. http://market-ticker.denninger.....09/24.html
September 27th, 2008 at 3:04 pm
A simple Rule Change can releive this “crisis”! Why are we pursuing a bailout?
“Economist Wesbury is saying that if we change that one rule and don’t force them to mark down to market value and just let them hold on to all the stuff, and say just on sub-primes for this period of time you can change that rule — a temporary change — that’ll free the market up. It’s seized right now; it’s frozen. This will thaw it out and get it going again. He says that’ll solve 60% of the problem … and I think he’s right.
That one accounting rule is what made Merrill Lynch sell out. That one accounting rule is what’s driving other ones into the dirt. Would you rather let them change their accounting rule or loan them $700 billion for us to buyout their bad paper? ”
http://www.daveramsey.com/etc/.....0887.htmlc
September 27th, 2008 at 3:06 pm
Excellent piece. The US financial system is on enormous life support and brain dead with a facade to make it seem as if there is a comeback when in reality, it is NEVER HAPPENING. It is only logical to make the decision to pull the plug on the “patient” and get real with the increasingly intense implosions occurring each week. As I said in a previous comment, even a capital injection of $2 trillion would do nothing to bring the system back as it is systemically dysfunctional. Writer points out very well the absolute downfall of fractional reserve banking as it has been known. The hedge fund and investment bank Ponzi schemes compounded with a struggling economy filled with unethical opportunists are the final quarter. The global dimensions of this problem will expand exponentially throughout 2009. Game is indeed over.
September 27th, 2008 at 3:06 pm
Normally, I do not like to post to these sites because I try to stay off the radar, but I think this is worth noting. If this passes, we have entered the realm of taxation without representation. I think everyone knows what that means. We are not Americans; we are U.S. Citizens. We do not commit civil disobedience. We do not get mad or emotional. We act in the same emotionless, precise way antibodies respond to infection.
September 27th, 2008 at 3:08 pm
Abbe,
That is EXACTLY how the Fed caused the Great Depression, by creating a cash shortage.
They no longer publish the m-3 money supply numbers, as they were planning this coup for several years.
Dave Ramsey has a simple solution, go to his site via my link.
http://www.daveramsey.com/etc/.....0887.htmlc
September 27th, 2008 at 3:13 pm
Nahum chapter 3
3:1 Woe to the bloody city! it is all full of lies and robbery; the prey departeth not;
3:2 The noise of a whip, and the noise of the rattling of the wheels, and of the pransing horses, and of the jumping chariots.
3:3 The horseman lifteth up both the bright sword and the glittering spear: and there is a multitude of slain, and a great number of carcases; and there is none end of their corpses; they stumble upon their corpses:
3:4 Because of the multitude of the whoredoms of the wellfavoured harlot, the mistress of witchcrafts, that selleth nations through her whoredoms, and families through her witchcrafts.
3:5 Behold, I am against thee, saith the LORD of hosts; and I will discover thy skirts upon thy face, and I will shew the nations thy nakedness, and the kingdoms thy shame.
3:6 And I will cast abominable filth upon thee, and make thee vile, and will set thee as a gazingstock.
3:7 And it shall come to pass, that all they that look upon thee shall flee from thee, and say, Nineveh is laid waste: who will bemoan her? whence shall I seek comforters for thee?
3:8 Art thou better than populous No, that was situate among the rivers, that had the waters round about it, whose rampart was the sea, and her wall was from the sea?
3:9 Ethiopia and Egypt were her strength, and it was infinite; Put and Lubim were thy helpers.
3:10 Yet was she carried away, she went into captivity: her young children also were dashed in pieces at the top of all the streets: and they cast lots for her honourable men, and all her great men were bound in chains.
3:11 Thou also shalt be drunken: thou shalt be hid, thou also shalt seek strength because of the enemy.
3:12 All thy strong holds shall be like fig trees with the firstripe figs: if they be shaken, they shall even fall into the mouth of the eater.
3:13 Behold, thy people in the midst of thee are women: the gates of thy land shall be set wide open unto thine enemies: the fire shall devour thy bars.
3:14 Draw thee waters for the siege, fortify thy strong holds: go into clay, and tread the morter, make strong the brickkiln.
3:15 There shall the fire devour thee; the sword shall cut thee off, it shall eat thee up like the cankerworm: make thyself many as the cankerworm, make thyself many as the locusts.
3:16 Thou hast multiplied thy merchants above the stars of heaven: the cankerworm spoileth, and fleeth away.
3:17 Thy crowned are as the locusts, and thy captains as the great grasshoppers, which camp in the hedges in the cold day, but when the sun ariseth they flee away, and their place is not known where they are.
3:18 Thy shepherds slumber, O king of Assyria: thy nobles shall dwell in the dust: thy people is scattered upon the mountains, and no man gathereth them.
3:19 There is no healing of thy bruise; thy wound is grievous: all that hear the bruit of thee shall clap the hands over thee: for upon whom hath not thy wickedness passed continually?
Repent, Judgment Day is coming.
September 27th, 2008 at 3:13 pm
We are seeing, with our very eyes how the elite have come to power. This is the same thing that has been going on since money was first invented.
The way these people get their wealth is from businesses that go belly up. Basically, they cause the stocks to go way down, so they can buy them for pennies on the dollar, then they drive the stocks way up…and sell.
They have been doing it this way for many, many, many years now. They are not “stealing” the stocks, just creating enough panic to cause them to plummet so they can buy them all up and sell them at a higher price. This is the way the rich have made their money, and this is how they stay rich. Not only do they stay rich, but the own ALL of the important companies.
He that has the gold makes the rules.
Wake up people and do the research so you can see the game for what it is….it’ classic, and it has been done time and time again.
And, just to throw this 2 cents in….your opinion doesn’t matter. They could care less what you think or how you react. As a matter of fact, if you just so happen to act a fool, they WILL lock it down, and i think they are counting on it; this way, we can fight an imaginary enemy because they will be long gone.
Question: where do they think they can run where “we the People” won’t find them….DUBAI?
September 27th, 2008 at 3:16 pm
How can my post appear and then disappear? Are posts getting edited after they have gone up?
September 27th, 2008 at 3:17 pm
My bad. Something wrong with how the page loaded.
September 27th, 2008 at 3:27 pm
it is time to ACT
September 27th, 2008 at 3:31 pm
Is this a great country or what. We can blog our outcry for no bail out of the bankers. But where is the calling of our senators voicing our disproval? We need to be flooding our complaints and expose the list of our congress and who passed it (when it does). We are paying the bill my fellow Americans and lack the effort to voice our No’s!!!!
September 27th, 2008 at 3:44 pm
I´M AS MAD AS HELL AND I´M NOT GONNA TAKE THIS ANYMORE!
September 27th, 2008 at 3:50 pm
What do you do when money went missing in a company and the bookkeepers didn’t even report about it correctly/in time, the latter being an imprisonable offence? — Right, you take 10000 bucks out of the pocket of every American family (800 billion) and give it to the ones who stole the money.
“Why” you ask? — To save the American families, of course.
This is inverse free market. Punish the good companies (taxes) and give the money to the bad companies. The fittest get stabbed to death and the economical cancer tumors are force fed. Just another facet of the grand design here.
That’s why I love the “No Bail, Send’em To Jail” sign. And while you’re at it, don’t forget to uncover where the money went and get it back!!
September 27th, 2008 at 3:55 pm
Amen #8.
September 27th, 2008 at 4:14 pm
If you want to make this go away then go and Google Support H.R. 2755. This resolution was brought forth by Ron Paul and calls for the Federal Reserve to be abolished. This is the only solution that will help our economy. Everyone write your state representatives as well as your congress and urge them to support H.R. 2755. Together we can do this.
September 27th, 2008 at 4:27 pm
I´M AS MAD AS HELL AND I´M NOT GONNA TAKE THIS ANYMORE!
September 27th, 2008 at 4:38 pm
Investigate, try,convict, and execute.
September 27th, 2008 at 4:52 pm
Rockefellar supposedly bought 350 million vaccines for a flu outbreak that does not exist YET!! The vaccine contains the Flu and will cause a mass epidemic. This info comes from two patriot radio stations I heard separately. I’m not taking it. What a perfect way to change the headlines.
September 27th, 2008 at 4:55 pm
What is 700 billion going to accomplish when the money hole is more like 5 trillion?
Shit man if any citizen did that kind of embezzling at work, they’d go to jail for life. Same with counterfitting.
There really is no difference whether they embezzeled, missapropriated, mal-invested or counterfieted, what they did was obviously wrong and it’s the same as counterfieting on a grand scale, counterfieting until it destroyed the value of the dollar.
It’s like saying we got too many counterfiet bills in circulation, like 100:1 and it’s wrecking the economy and no one knows what to do. Do we ask the Treasury to cover it, or take the phoney money out of circulation and throw the counterfieters in jail? It can’t be stated any simpler.
September 27th, 2008 at 4:57 pm
Max, it’s time to convert whatever cash you got left to gold, then goldplate your laptop with that, paint it like copper, and head to a small island in the pacific.
September 27th, 2008 at 5:07 pm
They want a Wall Street Bailout? How about we give ‘em a Nationwide GENERAL STRIKE?!!!
September 27th, 2008 at 5:17 pm
Each state should succeed from the union, then we can start over with a clean slate!!!
September 27th, 2008 at 5:24 pm
Financial crisis? Why are these issues always down played or white washed. More like a financial fraud. What you have here are one side of criminals going along with the program protecting their buddies who have made the biggest rip off in the history of this country and every body is calling it a bail out? God help us all to get head out of ass and wake up! It’s too late anyway, so who cares.
Most of us will never know the truth anyway and most likely head will not come out of ass until we are dead or in a prison camp and then again that may not even help.
September 27th, 2008 at 5:27 pm
http://www.youtube.com/watch?v.....re=related
September 27th, 2008 at 5:31 pm
You folks want to here a REAL kick in the pants??
There’s an Immortal here on Earth,.. a living, breathing, real deal Immortal. A few weeks ago he he spoke with the F.B.I. one on one. And prooved beyond reason of doubt that he was, as well as ,not just any Imoortal but a Son of God. He told them that he was the one that could Unite you ALL and put a great peace on this Earth that hasn’t been around here since the invention of the dagger. Do you know what the FBI has done since,….nothing.
80% of the diseases here on Earth exsist because over half of the rivers of the world are now polluted or have receeded….If you people clean up your waters,… 80% of the diseases on Earth will dissapear. Vanish… now do you think the Pharmaceutical Companies will tell you this??? no not one. But, a Son of God would,…now if this Government would get the hell outta the way and let this peace happen.
I can proove every word.
September 27th, 2008 at 5:35 pm
It amazes me as stated here where did the 700 bill. figure come from? It strikes me that they pulled a lucky seven number out of a hat and said let’s shoot for that amount. with no oversight we’ll just put alot of it in our pockets. After all we’ll be gone when the crap hits the fan.
What a blatant attempted robbery if I ever saw one. This takes the cake , the level of balls these hoodlums in the Federal Reserve and Treasury and Bush & Co. have. It is shocking to the entire world. How embarassing. It is now confirmed the level of delinquents these people are. The sooner they are gone the better.
September 27th, 2008 at 5:36 pm
The referenced article saying “500 trades away from Armageddon” is nonsensical to me. Are they sure it was not 498 trades away? The attached article gave me a better understanding of the “big picture” of what the problem is.
http://www.reuters.com/article.....18?sp=true
September 27th, 2008 at 5:53 pm
The bigger the crime……….The lesser the time!!!!! Sad thing is, Not one of these rich bastards will EVER do one day behind bars for these or any other crimes they have perpetrated.
This is blatant, top level Bank Robbery, Blackmail, Coercion, Extortion and Treason.
Whatever happened to “Citizen Arrests”?
September 27th, 2008 at 5:55 pm
REPENT OR PERISH!
REPENT OR PERISH MEANS TURN OR BURN. IF YOU DON’T TURN FROM YOUR SINS AND/OR FALSE RELIGION YOU WILL BURN FOREVER IN HELL FIRE AFTER YOU DIE.
YOU MIGHT BELIEVE IN JESUS CHRIST BUT IF YOU DON’T TURN FROM YOUR SINS YOU ARE STILL A SINNER ON YOUR WAY TO A BURNING HELL BECAUSE ALL YOU HAVE IS A HEAD KNOWLEDGE BUT YOU NEED A HEART BELIEF IN LOVE.
YOU CANNOT LIVE LIKE THE DEVIL AND EXPECT TO GO TO HEAVEN. SURRENDER YOUR LIFE TO JESUS CHRIST AND LIVE FOR HIM. THEN YOU WILL BE TRULY LIVING A NEW LIFE FROM GOD.
THERE IS NO SALVATION WITHOUT REPENTANCE. RESTITUTION IS PROOF A PERSON HAS REPENTED. (Luke 19:7-9, Acts 26:20)
The Bible says;
1. Jesus said; “Except ye repent, ye shall all likewise perish.” Luke 13:3,5 (King James Version)
“I came not to call the righteous [self righteous], but sinners to repentance.” Luke 5:32
“For whosoever will save his life shall lose it; but whosoever shall lose his life for my sake and the gospel’s, the same shall save it. For
what shall it profit a man, if he shall gain the whole world, and lose his own soul? “ Mark 8:35,36
2. Repent ye therefore, and be converted, that your sins may be blotted out……….. Acts 3:19
3. Forasmuch then as we are the offspring of God, we ought not to think that the Godhead [Father, Son, and Holy Ghost] is like unto gold, or silver, or stone, graven by art and man’s device (False religion). And the times of this ignorance God winked at; but now commandeth all men every where to repent: Acts 17:30
4. The Lord is not slack concerning his promise, as some men count slackness; but is longsuffering to us-ward, not willing that any should perish, but that all should come to repentance. II Peter 3:9
5. Let the wicked forsake his way, and the unrighteous man his thoughts: and let him return unto the LORD, and he will have mercy upon him; and
to our God, for he will abundantly pardon. Isaiah 55:7
6. He that covereth his sin shall not prosper: but whoso confesseth and forsaketh them shall have mercy. Proverbs 18:13
7. Know ye not that the unrighteous shall not inherit the kingdom of God? Be not deceived: neither fornicators [sex before marriage], nor idolaters,
nor adulterers. Nor effeminate [men acting feminine], nor abusers of themselves with mankind [homosexuals], nor thieves, nor covetous,
nor drunkards, nor revilers [people who use foul language], nor extortioners, shall inherit the kingdom of God. I Corinthians 6:9,10
September 27th, 2008 at 6:14 pm
“The proposed $700 billion (soon to be in the trillions for foeign banks) bailout asks taxpayers to foot the bill without giving them the opportunity to share in any gains.” This is thievery. We’ll see who the accomplice bootlickers are when the ashes fall.
September 27th, 2008 at 6:20 pm
…Ah-bdi… A rip off , inside a scam , within a crock of shit !!!
September 27th, 2008 at 6:41 pm
And final negotiations for this boondoogle are taking place on a weekend…details secret from U.S. citizens.
The bailout band-aids a “planned” fatal wound of the U.S…people. Their financial house of cards is coming down..it’s just a matter of timing. The rest of the world knows already. But no one wants to be the first out of the game…greedy elites!
Vote “No bailout” and let congress know..unless they’ve already left for their underground hidey holes. Remember this was planned.
September 27th, 2008 at 6:43 pm
There is a simple way to solve much of the problem but not all of it; one, arrest these bankers since what they were doing is structuring with their CDO’s, etc, which is illegal under U.S. law. The tell Congress that if they bail anyone out it should be homeowners, etc. If they give one red cent to any banker, then Congress should expect to find themselves in a position that they will not like to be in.
September 27th, 2008 at 6:50 pm
Well after reading what I just read it has conclusivly proved that this is all a scam by the banks and the Federal Reserve to scam money out of people. JPMorgan/Chase bought Washington Mutual for 1.9 billion dollars. Washington Mutual is in for 31 billion dollars of the bail out. Thus making Morgan/Chase 28.2 billion in profits, from the bail out alone. Should they be pulling profits at a time like this? I thought the bail out was to put this finiancial insitutions at back at par. Should that not be proof enough in a court of law that this is a scam?
September 27th, 2008 at 6:51 pm
Ever snce prexident Johnson theUS hase gone i to debt and came from a productiv country to a consuming country up to the point of today the Us hase a tradedefecit of US$800.000.000 per jear.
The US can only do that by gooing in to debt more and that can’t go on forever.
Republicans nore democrats have done anyting to stop it so don’t count on them count only on yourself and the people next to you, we’re in for a ruf ride.
The US is not alone in this other countrys will go the same way and also a lot of other countrys wil have a bad time.
September 27th, 2008 at 6:52 pm
PREACHER, GO TO THE KINGDOM OF GOD, AND WHEN YOU GET BORED, GO TO-HEAVEN AND WHEN YOU GET BORED WITH THAT, COME BACK SPOUT SHIT UNTIL YOU WANT TO MAKE ANOTHER ROUND TRIP.
September 27th, 2008 at 6:54 pm
There’s only about 340 million people in the U.S. that equals about 2 billion per citizen. It’s tax payer money so give it to the tax payer, then there won’t be economic hardships, although if everyone was turned into a billionaire, no one would want to go to work (no one would have problems with the influx of illegal aliens taking the jobs! Win, Win).
700 billion bailout at taxpayer expense is criminal! Why not bail out the taxpayer? Government sucks!
September 27th, 2008 at 6:57 pm
PREACHER , PREACH ON MY BROTHER
PROBLEM = THE WORLD
SOLUTION = JESUS CHRIST!
September 27th, 2008 at 7:11 pm
fred senecal
Don’t be so quick to bash the preacher. Look …
Revelation 18:2 talks about mighty Babylon that has fallen, has fallen. Fallen, in the original language, greek I think, translates to “unsustainable, unsustainable.” Think about it.. U.S. debt load, our extravagant lifestyle can’t be sustained by the world’s resources. And plagues are next, according to this chapter, which would fit with Rockefeller “reportedly” buying flu vacccines for a non existent epidemic.
September 27th, 2008 at 7:20 pm
A crook is a crook. After they run out of legitimate suckers to rip off, they resort to ripping off one another. Nature of the beast —— ultimately when they run out of food, they’ll resort to eating each other. This is the result. Let the damn monster implode and die and put it out of its misery, and hopefully we’ll resurrect a better system when this one finally crashes.
September 27th, 2008 at 7:26 pm
we’ve been neoconned
September 27th, 2008 at 7:38 pm
News for the Christians: God supposedly granted man the highest of responsibilities – Choice. Since that time we haven’t exactly been making the best of it. However, the option still stands. We learn from our choices and reap the benefits or suffer the consequences. Jesus didn’t get us into this mess, I doubt he’ll get us out of it. It is up to us to learn from our mistakes or be continuously doomed to repeat them. It’s been over 2000 years, count it, 2000, since Jesus expected physical return. Man has since committed atrocities worse then financial collapses upon one another (and this is not the first) – and no show for Jesus, yet. Think WW 1 and 2 and the explosion of 2 atomic bombs on innocent people, just to name a few. No, if there is going to be a so-called return of Jesus, it will be the principles for which that prophet taught, that if followed and adhered to would have led the human race to avoid the historic calamities perpetrated by man against man, and we would all be posting quite different messages to one another. So wake up Christians. Instead of expending your energy in a wishful, wistful belief, absorb in your hearts the principles Jesus taught and then ‘do something’ besides talk to help make this country and the world a better place.
September 27th, 2008 at 7:41 pm
Here are a few web sites to help solve political and economic corruption in America- abjpress.com and atipa.org.
September 27th, 2008 at 7:44 pm
Rick78x, “A crook is a crook. After they run out of legitimate suckers to rip off, they resort to ripping off one another.”
Excellent point. In most movies after the bad guys get the money it’s not uncommon for the one on top to kill all the other henchmen. These people who serve the system don’t understand they are not safe, and the police state apparatus always overtakes itself into a self destructed death. A fake republic seems to live longer than total tyranny.
September 27th, 2008 at 7:54 pm
…or we could just attempt to talk the US citizens to pull their money completely out ALL banks all together and really stick it to the system..
September 27th, 2008 at 8:08 pm
we cry! 200 years ago they die for what we have here. its time to be men again mayday incoming! the war is almost over, we need to act before its to late.
September 27th, 2008 at 8:12 pm
Blah, Blah, Blah… If the debtor’s of America (the dead beat slacker borrowers) would make payments on their debts, the banks would have no need to be bailed out!
So Slackers of America… PAY YOUR BILLS, so the rest of us can live our lives!
September 27th, 2008 at 8:21 pm
yamaha4040: $700,000,000,000/340,000,000 = $2,059 per citizen
September 27th, 2008 at 8:27 pm
first what we need is a new government in amerika, and no mother fucking jews in the banking system. 2nd we kill all those that fucked amerika in the asshole. kill all of congressmen and women. kill a whole lotta people to fix amerika. if u let the same crooks in office, they get fat and u get bony. so lets do something and take back the system. its only a matter of time b4 a big change that comes in life for everyone, sadly there will be lots of death involved. i mean to the points of eating dogs and cats. and yet we make fun of the chinese? like i said people, its only a matter of time b4 everything collapse. save money food and dont have fun.
September 27th, 2008 at 8:42 pm
Stop the bailout permanently demand that your elected officials join Ron Paul and abolish the Federal Reserve and IRS.
Our elected officials have committed treason and the only punishment for treason is death to the offender by hanging. No more bailouts, no more pandering, no more excuses, follow the Constitution of the United States of America or pay the penalty. For Christ’s sake people wake the F*** up our nations founders went to war over central banks and their destruction of the people.
Through out these rotten scum. The workers in India had the correct response, when they were screwed over they brought justice to the guilty.
So quit your damn whining join a State Militia and prepare to uphold and defend the Constitution from all offenders both foreign and DOMESTIC.
September 27th, 2008 at 9:03 pm
The $700 Bn dollar figure is just enough FRN’s to rotate in and out before the end of the year. At that point all these bandits will be heading for the tall grass to Dubai, Paraguay, and other parts unknown. If your smart you would get out before the Homeland Security goons round you all up.
This is no joke folks..
Ah, what the hells the use
September 27th, 2008 at 9:08 pm
Primary Edict Says:
Stop the bailout permanently demand that your elected officials join Ron Paul and abolish the Federal Reserve and IRS.
Our elected officials have committed treason and the only punishment for treason is death to the offender by hanging. No more bailouts, no more pandering, no more excuses, follow the Constitution of the United States of America or pay the penalty. For Christ’s sake people wake the F*** up our nations founders went to war over central banks and their destruction of the people.
Through out these rotten scum. The workers in India had the correct response, when they were screwed over they brought justice to the guilty.
So quit your damn whining join a State Militia and prepare to uphold and defend the Constitution from all offenders both foreign and DOMESTIC.
Not a bad speech brother, not a bad speech…
September 27th, 2008 at 9:11 pm
Thanx Steve,
Try dividing by the number of tax payers that actually had a liability; 99,880,223 in (2005) for example. $700,000,000,000/99,880,223=$7,008.39 per taxpayer with liability.
Nice analysis, but when this fucking torpedo hits in a few months, who the fuck will be paying their un-constitutional income tax? Last thing on my mind..
September 27th, 2008 at 9:13 pm
“All for one and one for all” appears to be the battle cry of our politicians and their brethren THE FEDERAL RESERVE and THE IRS!
That is why our politicians will ultimately bail out these ALREADY million-dollar crooks at the taxpayer’s expense!
Why doesn’t “OUR” government ever consider BAILING OUT the tax payer by abolishing THE IRS? Probably because THE IRS is the bastard child of THE FEDERAL RESERVE!
Again folks! Our politicians are stained and initiated with the same Washington blood that’s been trickling down from the heart and veins of these two dark entities since 1913!
They think you and I, will be content and satisfied with a measly $300 stimulus check while they give their ALREADY FILTHY-RICH buddies $700 billion that we, the taxpayers, ultimately have to pay back ourselves and will end up costing us much, much more than those puny $300!
It is time to clean house and demand that a new slate be started by first abolishing THE FEDERAL RESERVE and THE IRS! We should demand and expect nothing less than this from the people we ourselves elect to office! Nothing less should be accepted!
It is high time that our politicians work for us and not for the super-rich! It is high time that they look out for us- the American people, and not look for ways to build up their own bank accounts by corrupting themselves with monetary greed and catering to these crooked BANKSTERS!
September 27th, 2008 at 9:15 pm
Question: who would pay the bill if americans quit their jobs and went on a national strike? And, to people waiting for Jesus to rescue your ass….hahahahaha…we’re going through it with the rest of the world…the only difference…FAITH. Will you have the faith needed to endure those times. He that endures to the end will be saved. As far as the rapture is concerned….ahahahahaha….many of you fools are going to be surprised. When Jesus comes back…it’s not going to be with open hands or arms…it’s going to be with an army of Angels prepared for battle. Jesus is coming back as a roaring Lion of the tribe of Judah. So please, stop thinking Jesus is going to whisk you away…He’s not! When the great battle does occur….it’s not going to be this long drawn out war….it’s going to be in the twinkling of an eye. Blink!
Some of you people need to stop going to church and read your bibles more. Your pastor is a man/woman, just like you….God is no respecter of persons. We are ALL EQUAL in His eyes…the Christian is no greater than the Muslim…Jew….or Gentile. Those that think you know Him….PLEASE STOP INFECTING OTHERS WITH YOUR FAIRYTALE ASSUMPTIONS. We are going through the shit, unless you die before it…question is….WHERE WILL YOUR FAITH BE THEN? Or, shall i say, in whom will your faith be in then? HIM or them?
September 27th, 2008 at 9:18 pm
…Ah-bdi…#54 You’re sick !!!
September 27th, 2008 at 9:19 pm
Yeah you would think this would be enough for Americans to be hitting the streets in mass, but I’m afraid we won’t hit the streets untill we have to hit them to line up for the food that will be rationed out to us by a loving government.
And if Martha Stewart had to spend six months in prison for doing what any American would have, and SHOULD have done, then how much more time do these criminals deserve? But no, instead of these crooks going to prison, we the American sheeple will get down on our knees and lick their boots.
Always remember and never forget, the criminals are in charge, and they always look out for themselves.
September 27th, 2008 at 9:27 pm
Here’s how you do it…millions of angry americans carrying torches, and arms, side by side, shoulder to shoulder marching to washington chanting, off with their heads. That would get their attention. Could you imagine it, like in the movies.
But that ain’t going to happen because you people have been trained not to do ANYTHING. So, go back to sleep, everything is fine…Don’t worry, be happy ” _ “
September 27th, 2008 at 9:29 pm
The Secret Order of the Illuminati are behind it all, but untouchable.
Let’s deal with their gargoyles first.
Speak Up People, or the Bailout will happen tomorrow.
And if it does, we must take the fight to the Government!
Has anyone noticed any National Guard or US Troop movements within the States Yet?
September 27th, 2008 at 9:39 pm
does anyone have any money i can borrow so i can make my house payments before it goes into foreclosure. see, what had happened is, i am too lazy to work, so i borrow money for a living…i borrow and borrow and borrow and NEVER pay it back. do you have any i can borrow? i’ll pay you tomorrow for a hamburger today. spare some change. hook a brotha up. please? i promise not to pay you back, what more do you want? i mean, my dog is on life support (whimper, whimper), my cat needs to be nuetered, my canary has a tooth ache, my goldfish are tired of eating flakes, my iguana, well, let’s not go there, i’m sensitive. Oh, and every time i shit, i can’t help but see fields of roses. oh somebody, please, i beg of thee, give me the money or else (clears throat) i mean, please help my animals in need, Please :*( you can send it to…www.dontgivearatsassaboutyou.com (that’s http://www.dont give a rats ass about you dot com)
any gift is greatly appreciated…please make check payable to: Mr. Jack Me Off…and also, those of you wishing to use your a.t.m., we accept visa, mastercard, and american express….thanks so much, my pets will greatly appreciate your generosity.
September 27th, 2008 at 9:43 pm
hey, BRING DA PAIN #68, now that shit was FUN-NY… I got tears in my eyes.
September 27th, 2008 at 9:46 pm
this article is entirely too long !!!!!!!!!!!!!!!
http://www.youtube.com/watch?v=Vma8wnb6UmI
September 27th, 2008 at 9:47 pm
…Ah-bdi…#68 You got a point man !!! But there is more to it !!!
September 27th, 2008 at 9:57 pm
Pres Jackson (guy on the $20) got rid of the Central Bank. It is very simple why you can’t have a Central Bank. He wrote:
It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions is society will always exists under every just government. Equity of talents, of education or of wealth cannot be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy and virtue, every man is equally entitled to protection by the law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society–the farmers, mechanics and laborers–who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their Government. There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me there seems to be a wide and unnecessary departure from these just principals.
September 27th, 2008 at 10:26 pm
No common sense to go around, why isn’t anyone offering to pay off the remaining principle on all homeowners in the U.S. 700B goes a very long way do the math. This would free up the banks by providing them the capital and clearing up the vast majority of debt on their books plus give Americans a paid for home. After all it’s the citizen’s tax money anyway not the fat cat corrupt bankers who will only steal the money and take is out of the U.S. Why do the American people keep taking it up the ass by this corrupt government? Wake up you have lost your way of living, your elected officials cash in when they go to Washington and devalue your currency and ring up your dept at the same time they line their pockets with millions while you bust your ass just to eek out a living. These crooks should all be swinging from trees just like in the old days. Wake up, they will not police themselves in fact they give themselves immunity and have the their corrupt police arrest you, how do you like that? All Americans should organize, go to Washington and physically remove every politician and put them on trial. Etc… Do something Now!!!!!!!!!!!!! I’m ready, let’s organize through a web site…
September 27th, 2008 at 10:38 pm
I love bankers and I love humans.You are one and the same.Humanity inc.
September 27th, 2008 at 10:50 pm
SNL hilarious mach up Obama McCain Debate, more real than the original.
September 27th, 2008 at 10:54 pm
See Warren Buffett’s ukulele gig in LA tonight.. Right in the middle of this shit storm
You can’t make this shit up folks
Huffington Post under the business section
September 27th, 2008 at 11:16 pm
From The BBC now:
US Congressional leaders have said they hope to reach agreement on a massive rescue plan to aid the financial markets before they open on Monday.
Senior members of the Democratic and Republican parties are trying to forge a compromise deal on buying bad assets that are freezing up financial markets.
The Bush administration wants $700bn (£380bn) to help the finance sector.
Democrats are seeking safeguards on how public money is spent. Some Republicans want to see private money used instead.
House and Senate leaders have been holding meetings, after negotiators from Congress, the White House and the Treasury worked through Friday night on details of a plan.
Democrat senator Harry Reid said “significant progress” had been made, but stressed there was still “a long way” to go.
Republican Senator Mitch McConnell said the goal was to announce an agreement on Sunday and to have a vote on Monday.
September 27th, 2008 at 11:21 pm
From “The Australian” News :
September 28, 2008
US politicians worked frantically today to agree a $US700 billion ($A839.53 billion) Wall Street bailout before markets reopen after the weekend, voicing optimism a deal was within reach.
House of Representatives Speaker Nancy Pelosi said she hoped an agreement in principle between lawmakers and the White House could even be reached today.
“It would be my hope that it could be resolved today, that we have a day for the American people and members of Congress to review the legislation through the internet,” she said.
The aim would then be to hold a vote on the deal either late tomorrow or early Monday, she added. Congress has postponed the start of its traditional break ahead of the November 4 elections in order to deal with the crisis.
“There is the widespread feeling that we are making good progress,” Senator Mitch McConnell, leader of the Republican Senate minority, agreed earlier.
“The goal would be to vote on an agreement on Monday.”
President George W Bush expressed confidence a deal could be forged and sought to calm the wrath of many Americans who view the bailout as a huge handout for private companies while leaving ordinary people in the lurch.
“I know many of you listening this morning are frustrated with the situation,” the president said today in his weekly radio address.
“You make sacrifices every day to meet your mortgage payments and keep up with your bills. When the government asks you to pay for mistakes on Wall Street, it does not seem fair.”
But the president, whose popularity levels have sunk to record lows, said there was no other way to redress the world’s largest economy, and promised the final price tag would be less than $US700 billion.
US politicians have struggled to reach a deal after the original plan put forward more than a week ago by Treasury Secretary Henry Paulson was criticised for failing to provide enough oversight.
The Paulson plan calls for the government to use tax dollars to buy up bad loans, including mortgages, and hang onto them, to provide greater liquidity for financial institutions.
But rebel Republicans instead drafted an alternative plan, calling for an expanded insurance system financed by banks to rescue individual home mortgages, so that taxpayers do not have to fund the bailout.
Democrats and Republicans have expressed disquiet that so much taxpayers’ money would go to private companies, blamed by many for triggering the meltdown.
But Bush vowed in his weekly address that over time the value of the acquired assets would rise again.
“This means that the government will be able to recoup much, if not all, of the original expenditure,” he said.
Republican White House hopeful John McCain had flown back to Washington, straight after yesterday’s first presidential debate with rival Democrat Barack Obama to join the search for a deal by working the telephones.
The two presidential nominees clashed sharply on their opposing plans for saving the economy in their debate in Oxford, Mississippi. But both dodged questions on whether they would support the bailout or scale back planned initiatives due to the strain on the US budget.
With the world’s largest economy in a tailspin, other governments are nervously watching the talks, concerned their economies could fall victim to any contagion.
International Monetary Fund chief Dominique Strauss-Kahn said in an interview to be published tomorrow that the world body needed to tighten its control over financial markets.
The IMF was “ready to do what is required if we are given the mandate”, he said, adding the world faced “financial anarchy” now as it did in 1944 when the IMF was set up in the aftermath of World War II.
“We can have national or regional authorities, such as the European Union for example, but we need a global guarantor, an institution which monitors standards,” Strauss-Kahn told France’s Journal du Dimache.
This is what other Country’s News Media Say.
We Must Speak Out Sunday Morning.
September 27th, 2008 at 11:35 pm
While You Were Sleeping…………………….
Predictions vs. reality in Iraq
27/09/2008 11:50:00 PM
On cost, according to estimates from the Congressional Research Service, we have already burned through around $550 billion in Iraq, at a rate of about $2 billion per week.
Where did a lot of our wealth go?
Who Lied to Congress in order to get approval to Invade Iraq?
Are We Going To Fall For it Again?
Speak Out People! Even if you can’t physically fight back, Use the internet and phones.
There are enough poor, armed citizens to back you up.
Speak Out! Email your Representatives on Sunday! No Bailout Biatches!
September 27th, 2008 at 11:46 pm
Here, copy and paste this to an email and send it to every Congressman and Representative :
Do Not Pass Bailout please.
Paulson’s calculations were not assisted by any economists at all, and they cannot be trusted. It is a purely arbitrary, “back of the envelope” type figuring. According to Bloomberg: Swiss investor Marc Faber, known for a long track record of good calls, believes the damage may come to $5 trillion.
From “The Australian” News :
September 28, 2008
US politicians worked frantically today to agree a $US700 billion ($A839.53 billion) Wall Street bailout before markets reopen after the weekend, voicing optimism a deal was within reach.
House of Representatives Speaker Nancy Pelosi said she hoped an agreement in principle between lawmakers and the White House could even be reached today.
Predictions vs. reality in Iraq
27/09/2008 11:50:00 PM
On cost, according to estimates from the Congressional Research Service, we have already burned through around $550 billion in Iraq, at a rate of about $2 billion per week.
Where did a lot of our wealth go?
Who Lied to Congress in order to get approval to Invade Iraq?
Are We Going To Fall For it Again?
My God, the American People can see what you are doing this time, do not make the biggest mistake since electing GW Bush President.
Feel free to use this. dlb
September 28th, 2008 at 12:11 am
Divide up half of that amount among every man, woman, and child in America, and the economy would flourish, homes would be paid, the banks would get their money, but would be pissed off because people wouldn’t be running to them begging for loan. It’s all here:
http://www.youtube.com/watch?v=EcZSh1diQRQ
September 28th, 2008 at 12:26 am
TCFI… the outstanding US mortgages as of October 2007, according to William Poole, President, St. Louis Federal Reserve was 9.8 trillion. Banks are only required to keep $1 for each $12 of debt they carry so total reserved required to back that 9.8 tn is 816 billion. If they need 700 billion we’re replacing almost all of the reserve requirements relative to mortgages. Really think that’s the cause of the problem?
September 28th, 2008 at 12:51 am
why dont any one ever say renationalize the federal reserve
September 28th, 2008 at 1:07 am
I found a great way to reach our troops and potential troops,visit youtube and look up marine and army videos,they have a place you can post under the videos,the troops visit this site frequently to see what people have to say.
Great job infowarriors we’re getting the word out slowly but surely,let the government send their kids off to war while they steal our money!!
September 28th, 2008 at 1:19 am
Good way to get the word out to our troops and military prospects is to go to the youtube Marine and army videos they go there to read the responses on the bottom from viewers,Go infowarriors keep up the good work we’re getting through!!!!
Encourage them not to join the military period!!! Let the politicians fight the wars that are stealing our money now!!!
September 28th, 2008 at 1:26 am
so hAPPY TO BE AMERICAN! WOULDNT TRADE IT FOR ANY OTHER NATIONALITY! BUT DAMN! WE ARE GETTING FUCKED. THEY HAVE US BACKED INTO A CORNER. EVREYONE IS TRYING TO KEEP THEIR HEADS ABOVE THE WATER WHILE THESE PRICK CEO ARE GETTING GOLDEN PARACHUTES! WHAT OTHER COUNTRY OUT THERE HAS A FEDERAL RESERVE THAT IS A PRIVATE IDENTITY? WE ARE SO BEHIND. SMOKE EM WHILE YOU GOT EM, CAUSE WE BOUT TO RUN OUT!
September 28th, 2008 at 1:31 am
#83 “Informed”:
DO a Google search on Federal Reserve and read some of the results..
For starters “renationalising” is not an option since the FED was never nationalised to begin with.. The FED created itself and slipped in the US and willing acccomplices allowed this parassite to attach itself to the US citizens labor in 1913.. Do a litte research..
You conclusion should be.. We have had a US Treasury since the country was founded and did without an Income tax on labor until 1913(except the periosd of the civil war which the income tax was repealed in 1871)..Until 1913..the Federal GVT of the US actually had to work at their job.. once the FEDRB and IRS came in.. it only took less than 100 years to destry a country like the US.
September 28th, 2008 at 2:08 am
US congressional leaders on Sunday said they had reached the broad outline of a deal to put in place a $US700 billion financial system bailout but were awaiting details on paper before declaring it final.
“We’ve made great progress,” House of Representatives Speaker Nancy Pelosi told reporters after a night of marathon talks. “We have to get it committed to paper so we can formally agree.”
Leading lawmakers had huddled with US Treasury Secretary Henry Paulson through the night on Saturday to nail down an agreement to create a massive government fund to buy up distressed debt from financial institutions staggered by failed mortgages.
Fear-wracked financial markets had lent the talks urgency and lawmakers were striving to reach a deal by Sunday before Asian markets open.
It was unclear when the House and Senate might vote on the legislation or whether any last-minute hitches might arise. Lawmakers, however, have been hoping to vote within days.
“We think we should have an announcement sometime (Sunday) but you know we’re committing it to paper tonight and our people will work all night long,” Senate Democratic leader Harry Reid said.
The legislation would disburse the funds in tranches, limit “golden parachutes” for executives at companies participating in the program and set up an oversight board to supervise the program, which would be run the US Treasury.
“We’ve been working very hard on this and we’ve made great progress toward a deal that will work and be effective in the marketplace and effective for all Americans,” Paulson said.
House Republicans, who had worried the program would put taxpayers on the hook, won a provision that would set up an insurance program for mortgage-backed securities.
In addition, the government will get stock warrants so taxpayers “can gain as companies recover and as the economy recovers,” said Democratic Sen. Kent Conrad of North Dakota. “That is very significant.”
Rep. Roy Blunt of Missouri, the chief negotiator for House Republicans, said party members would be briefed on the terms of the deal later on Sunday after a printed draft was available for review.
Reuters
September 28th, 2008 at 2:20 am
THESE GUYS NEED TO BE TAKEN TO TASK WHEN THIS CRAPPY DEAL GOES THROUGH THE PEOPLE ARE GOING TO GET MAD, THEY KNOW THAT SO EXPECT TO BE SHOT AT BY THE ARMY THE DAYS OF THE TAZER ARE NUMBERED, ITS BACK TO BULLETS AND THE NEW MICROWAVE GUNS. WE NEED TRIALS AND CRIMINAL INVESTIGATIONS.
September 28th, 2008 at 3:09 am
As I predicted.. Look back at the recordes when the Congress was faced with “difficult legislation” they knew the people were against.. they will delay the vote until Friday and gradually let it leak out over the weekend..and on Mondaay you wake up with a sore ass and not quite sure how it happened…
September 28th, 2008 at 3:24 am
There are about 6TN in assets that are considered subprime. The defaults are running about 20%. Most of it will come out of portfolios at 30cents on the dollar or less. Take the .30 price add the 20% default and you have a cost of .50. If the Treasury can buy and hold these until they mature at 100, they will make a profit. The question is if the default rate is going to get larger, and that depends on the owners of those homes.The best way to accomplish what is trying to be done is to use a portion of funds to buy securities, some to inject capital in small community banks, and use a portion to pay down upside down home mortgages. I suspect that the number to do that is larger than 700bn. There are probably a couple of large institutions that are currently out of capital compliance is the reason for the urgency.9/30 is the end of the quarter for banks and anyone that is undercapitalized will show up on their 10Q.The FED is scrambling to add liquidity everyday. The loans to Primary dealers last week were to finance US Treasuries they are required to buy at the Treasury auction.
September 28th, 2008 at 3:38 am
Your economists are now giving you the right information. Stop this bailout of $700, as actually it will be more like $5 TRILLION. You wouldn’t be able to legally challenge this in a court, and that shows you that they KNOW this is corruption at the highest levels, and this clause is their “insurance” against crimes against Humanity.
America, you have so little time to get your government under control, to quote Jefferson, “Every man is a soldier”.
Only you can save yourselves.
DO SOMETHING!!
September 28th, 2008 at 3:47 am
A BBC report last year estimated that from 2007-2009 the total estimated foreclosures would be about 4mil. At one trillion dollars, couldn’t we just give each of those 4mil $250,000.00 and come out with the same amont spent (but actually helping homeowners?) Heck, 250k would buy many of those homes.
Or. An ABC report stated that the total debt for all credit cards held by Americans is at $960bil. Couldn’t we just pay off everyone’s credit card debt and still have enough to put a crisp $100 bill in each American’s pocket? Wouldn’t this improve everyone’s credit score and stabilize the economy?
I’m just saying…
There has got to be a more helpful plan.
September 28th, 2008 at 4:50 am
SearcherT : “Monday may be the day America stops going to work and storms Washington DC.”
It will take something like this to help stop the bills passage. They may ‘almost’ be at agreement in talks on the bailout proposal, but it still has to pass.
Everyone must get on the phone, call their friends and family, and tell them to do the same. Tell everyone to bombard the offices of their congressperson will calls and emails telling them in simple clear language.
NO.
Also, tell them of the consequences, (you will proactively act to get them voted out.)
They must not be able to ignore the voice of the people.
September 28th, 2008 at 6:08 am
Good Morning, does your ass feel soar?
Turn on the news.
You Got Fucked in your Sleep!
September 28th, 2008 at 6:59 am
This Morning on the website congress.org t(see info below)
91% of the people oppose this bill!!
GET VOTING CALL YOUR CONGRESSMAN GET ON THE PHONE CALL YOUR FAMILY
STOP THIS NOW
——————————————-
Your Headlines, Your Issues, Your Opinions
Meet the Activists:
See photos of some of the people taking action on Congress.org
Email Presidential Candidates
Send an email to presidential candidates by clicking here.
SHOULD CONGRESS BAILOUT WALL STREET TO HELP MAIN STREET?
The Bush Administration proposes a $700 billion bailout to restore confidence in the economic system so banks start lending again. Without that, many other banks and businesses (and the jobs and mortgages) will fail they say. Critics say we shouldn’t reward their bad decisions. Democrats say the plan needs oversight, homeowner protections and caps on executives’ salaries. What do you think? Act quickly as the Administration wants a vote within days. Consider a hand delivered letter with Extra Impact. Start by picking your view in our Action Poll. (86,134 messages thus far)
9% say I Support the $700 Billion Mortgage Bailout
91% say I Oppose the $700 Billion Mortgage Bailout
September 28th, 2008 at 7:59 am
Hello
Welcome to the third world!
September 28th, 2008 at 8:08 am
SO, where is the Attorney General ? Why isn’t he arresting some of these criminals ? Probably, because he is a criminal himself and works for them too. So, no one at the Department of Justice has anything to say about this scandal and economic coup. It’s just like Lucky Luciano said in 1936 when he was asked in his prison cell, what would he do different if he had to do it over again ? Lucky said, “I’d get a license”. That would make me a legal crook.
WAKE UP PEOPLE. Criminals are running this government. Soon, they will have people slaving for them, LITERALLY.
September 28th, 2008 at 8:36 am
There’s no excuse for allowing the collapse of the U.S. economy to happen.
No deals, no amnesty, no pardons.
Pursue the Bush administration beyond January 20 until they are brought to justice.
FREE AMERICA
REVOLUTIONARY (DIRECT) DEMOCRACY
September 28th, 2008 at 8:48 am
I believe after 999,000 Infowars articles…that we get it…”the Globalists are running the show”
I believe after the first 100 Infowars articles…that most of us knew what was happening!
.
The continual bombardment of these articles has got to the stage…where they are doing far greater harm than good!
How about articles…that focus on how to sort these fucking Globalists out…some ideas…a plan!!!
.
A fix, a fix, i need my fix…ohhh’ great a “new” article…that’ll keep me going for a few more hours. How am i supposed to do anything to thwart the Globalist agenda…i haven’t got the time……a fix, a fix, i need my fix…ohhh’ great a “new” article…that’ll keep me going for a few more hours. Anyway at least i know what’s going on ’cause i read all these articles…”yeah but what are you fucking doing about it”……a fix, a fix, i need my fix…ohhh’ great a “new” article…that’ll keep me going for a few more hours……
.
It’s bordering on the ridiculous…our very lives are on the line…a childs life for christ sake!!!
September 28th, 2008 at 9:09 am
Ohhh… finally we now have our reason. One shot, one kill.
September 28th, 2008 at 9:22 am
SOMEWHERE IN “REV.” IT SAYS SOMETHING LIKE, TRY TO HIDE IN HILLS, UNDER ROCKS, BUT YOU WITH FAITH SIT ON YOUR ROOF TOPS AND WAIT.
September 28th, 2008 at 9:26 am
…Ah-bdi… A ” Banana Republic ” pretty soon without bananas , it would appear !!!
September 28th, 2008 at 9:26 am
Well lets start to formalize something, if the god damn globalist have a plan then surely we can get a plan together. How about we all try and get as many people as we know onto the streets as far as i know its just about legal to protest still..
September 28th, 2008 at 9:48 am
http://mobiusinformer.wordpres.....the-night/
This legislation to bail out Wall Street Moguls is sheer insanity in the making, and it’s happening right in front of our very eyes….at least as much as we’re allowed to see. Late night meetings with lobbyists and politicians. Midnight sessions. False, arbitrary deadlines. Rush to judgment. Pressures abound. Gloom and doom are predicted.
September 28th, 2008 at 10:15 am
Thank you very much #103
September 28th, 2008 at 10:17 am
Punish the Banks not the People, wipe out all mortgage debt and loans, let them keep their homes, their catrs, their buisnes’s, let the Banks fail, new ones will spring up.
September 28th, 2008 at 10:20 am
why are all these elected officials saying “wake up america”
isn’t it time for us to revolt!!!!!!!!!!
start the revolution now. . . .
September 28th, 2008 at 11:04 am
I say let the fed, wall street and this whole debacle go down the toilet, this is a corperate begging sham much aakin to an 10 year old boy begging his mother for extra allowance.
September 28th, 2008 at 11:05 am
WE ARE ALL PREACHING TO THE CHOIR HERE PEOPLE. ITS TIME TO GET OUT OF THE CLOSET AND START TALKING TO YOUR FREINDS AND FAMILY WHO ARE STILL LIVING IN THE DARK!
September 28th, 2008 at 11:20 am
” And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the moneychangers, and the seats of them that sold doves..”
Do I understand this right? The disciples of Adam Smith’s “invisible hand” now want the biggest handout in history?
The filth that say we can’t afford social security, yet now state that it is imperative to bail out the hideous, greedy, speculative thieves that brought upon this economic crisis?
Do I understand this right? That my American dream is shattered by the nightmare brought upon by the reckless, predatory lending practices of these white collar criminals?
Do I understand this right? That I’ll possibly spend the rest of my life paying off debt that I never agreed to incur?
I drive a 1987 car, go without health insurance, and rent a modest home that my sister owns. I’ve worked hard my whole life. I went from middle class, to working class, to working poor. Now in mid life, where I should be harvesting some material success, I’m scrambling for survival – and now I gotta pay off some rich bastard’s gambling debt? Are you kidding me?
There is another war America is fighting – it is rooted within the tremendous gap between those few top percent who have nearly all the wealth and those of us struggling to survive. As the middle class erodes further and further, more and more people will join the ranks of the under employed, exploited, cheated, and oppressed. How much does our government think we’ll take? How much can we take? The back bone of Amerika is broken..
September 28th, 2008 at 11:22 am
There is only one way to end all of this…. “When the school yard bully takes your books. What do you do?…. First you ask nice to get them back…. HE laughs at you and push’s you to get a response….you do nothing…. because you don’t want a fight. …. So you ask again and he does the same thing” ….. So in the end you will have to fight to get whats yours…..Do you think that sitting on your ass’s that your government will save you from the bully…. NO … there just as scared as you are…. So, the only thing left for all of the people of the world is to fight and take back what’s yours….or become the sheep for the wolf’s to feast on….it is the LAW OF NATURE and that’s the answer PERIOD.
September 28th, 2008 at 11:33 am
This bailout bill is going to pass! And I believe that Washington is expecting some back-lash from the American people.
I’ve seen an unusual presence of US Military troops in our local areas! Perhaps the National Guard? Perhaps they are expecting some activity when they bailout the Wall Street crooks and in return SCREW the American people.
If it is a necessity that this bill MUST be passed FOR OUR OWN GOOD, as is being insisted, then why not ALSO bailout the American people on the same bill by abolishing THE IRS? That would definitely be for our own good!
DO BOTH- OR DO NONE!
They are running around in Washington claiming that they must do this in order to help US- THE AMERICAN PEOPLE, then why not REALLY help us out by ALSO bailing us out by ABOLISHING THE IRS once and for all?
This is something that we should DEMAND from our politicians by letting them know before they pass this- that they should DO BOTH- OR DO NONE! That is THE ONLY WAY we will be satisfied! One shouldn’t pass without the other! Both sides then, must make a sacrifice- or neither should!
September 28th, 2008 at 11:39 am
http://mobiusinformer.wordpres.....it-all-up/
September 28th, 2008 at 11:53 am
Open Letter to all of my brothers and sisters in arm.
My fellow patriots the powers to be are orchestrating this collapse to loot and weaken our resolve.
The Elite learned long ago that the most viable resistance movement is family based.
So they are about to unleash onto the American people some of the most powerful weapons known to man, Hyper-inflation and hunger.
They know that the destruction caused by hyper-inflation will breakdown the family steal the fruits of our labor undermine the food supply and weaken the resolve of ALL but the very strongest among us.
Many of you understand and have prepared but sadly many of you have not.
The Elite are putting troops on the streets for their security and to condition as many of the people as possible to the tyranny that is to come.
I don’t fear unconstitutional law but I do fear and uninformed public.
September 28th, 2008 at 11:58 am
I am Paulsonholio! I need greenbacks for my bunghole! Are you threatening me?
September 28th, 2008 at 11:59 am
Paulson, would you just shut up!
September 28th, 2008 at 12:02 pm
Well if you want a list of them to sort out go to theyrule.net and find one near you
some kids put it together because they were tired of these crooks.
September 28th, 2008 at 12:15 pm
Let us not forget when Donald Rumsfeld (assistant crook to the prez) announced to our nation a day before 9-11-01 that the defense dept. was missing $2.3 Trillion…it later was announced it wasn’t that amount at all…it was more like $3.4 Trillion! Bailouts have been ongoing lately!
September 28th, 2008 at 12:19 pm
~Your very correct!! we are all preaching to the choir here.
thanks to the hard work of Alex Jones and sites like COAST TO COAST AM WITH GEORGE NOORY
We here are informed WE need to start to pull all the stops out.
We have to say NO
We have to tell all the sheep whats going on.. I know it tough .. even my mother thought i had lost the plot when i tried to explain whats happening in the world. But deep down every human has that SPARK, the spark that has been in your mind telling you something is not right. WE ALL HAVE A DUTY to try to wake up as many people as we can. I mean for Gods sake we are fighting for our children’s futures.
Americans you must take to the streets… i am worn out trying to tell people to act.. it could go either way. they have to pass it thorough congress. Make some noise and try to make a difference
We are special as human beings and we have a right and duty to do the right thing and the selfless thing, no matter what the consequences
Ever wonder of the stress Alex Jones must be under, taking on the builderbergers head on.
the sacrifices and dangers this guy has taken to wake some of us up.
Every body here is awake .. now please please for all our sakes hit the streets and tell everybody. Call your elected representative. email every congressman.
YOU CAN MAKE A DIFFERENCE
September 28th, 2008 at 12:28 pm
There should be no bailout,the Federal Reserve should be abolished and declared illegal and unconstitutional so it may never be rechartered.Paulsen and Barnacke should be arrested and bound for a Grand Jury to hear evidence against them.The rest of Wall Street should be investigated by independant prosecutors.
Everyone should call their congressmen and senators and let them know they oppose this bailout and they will be watching their vote.NOW IS THE TIME TO VOTE THEM OUT IF THEY SIDE WITH WALL STREET CROOKS,IT’S ELECTION TIME !!!!!!!! We can make a difference this November,now is the time to take back our nation.
Vote Baldwin or Nader or McKinney anyobe but McCain or Obama, vote against any congressman or senator who supports these crooks,NOW IS OUT TIME TO DEFEAT THEM !!!!!!!!!!!!!!!
September 28th, 2008 at 12:52 pm
REMEMBER THE MARCH 13 2008 SECRET CLOSED DOOR MEETING OF US HOUSE OF REPS.
IMMINENT collapse of the US economy in late 2008
IMMINENT collapse of Gov. finances in mid 2009
POSSIBILITY of civil war inside USA as a result of collpase
ADVANCE round-ups of “insurgent US citizens” likely to move against Gov.
DETENTION of those rounded up at REX 84 camps in US
POSSIBILITY of public retaliation against members of congress for collapse
LOCATION of safe facilities for congress/families during unrest
NECESSARY & UNAVOIDABLE merger of US-CANADA-MEXICO=NORTH AMERICAN UNION
ISSUANCE of new currency the AMERO
I JUST HAVE THIS TO SAY, IF YOU GIVE THEM THE ANGER, THEY PLAN TO USE IT AGAINST US.
THOSE WHO MAKE YOU ANGRY CONTROL YOU.
IT’S APPARENT THEY ARE RIGHT ON SCHEDULE WITH THEIR SICK AGENDA, NOW WE THE PEOPLE NEED TO ACT (NOT REACT) IN A LAWFUL, ORDERLY WAY. DO YOUR RESEARCH AND THEN HOLD THEM ACCOUNTABLE.
TRUTH CAN NEVER BE DEFEATED!
September 28th, 2008 at 12:59 pm
Do not read this if you just ate……..
POLITICIANS in the United States last night made a breakthrough in talks to approve an unprecedented $US700 billion ($840 billion) plan to revive credit markets.
The rescue plan for Wall Street is a huge boost to world financial markets, which were on tenterhooks over the weekend amid fears the deal would fail to gain support.
The bill, which will be voted on early tomorrow Sydney time, will cap the salaries of some executives at companies given assistance and will ensure the US Government makes more aggressive efforts to prevent home foreclosures.
The decision to buy the troubled debt from ailing companies and prevent widespread economic collapse came as the contagion threatened to spread across the Atlantic, with Belgium’s Fortis poised last night to become the first large continental European bank to fall victim to the credit crunch.
The fallout from the turmoil in financial markets has also left the British mortgage lender Bradford & Bingley and the American savings giant Wachovia teetering on the brink.
The US plan will allow taxpayers to profit from a recovery of the financial sector in the months and years ahead by giving the government an equity stake in companies that seek aid.
The speaker of the House, Nancy Pelosi, said: “All of this was done in a way to insulate main street and everyday Americans from the crisis on Wall Street.
Oh it is OK , Nancy is Insulating us……….Smothering more like it!
September 28th, 2008 at 1:11 pm
It’s all a part of the plan, attacking the infrastructure of this country from all angles, to justify new laws that overthrow the US Constitution along with our economy.
All of this was planned, just like the events of 9/11, to justify the unfolding of the NWO.
I never thought I would live to see the day, that our leaders would betray America and embrace such a corrupt foreign agenda. It all reminds me of that sci-fi thriller, Invasion Of The Body Snatchers, with the direction this administration has chosen. And then they go on to undermine all our institutions, redefining patriotism as looking the other way when it comes to torture, or robbing the US Treasury to bail out a bunch of money laundering crooks.
Our founders created and empowered Congress for the VERY EXACT REASONS we are experiencing and dismissing today and there is nothing outdated or archaic about what their role is supposed to be, in terms of minting money and it’s value based upon tangeable assets. They also understood that if this country did not follow those terms as defined in our Constitution, that we would be overthrown as a debtor nation and that Centralized banking was in fact the true enemy of Independence and a direct attack on the sovereignty of this country.
I swear, our current leadership is hell bent on doing the exact opposite of what our Constitution and founding documents call for, as if they were all foreign, royal blood bankers from the Soviet Union or Cuba, working covertly to overthrow America in a time of war.
I listened to Walker’s speech the other night on the banking crisis and his solution sounded like something the enemy would embrace and I swear that man is a mole or a manchurian puppet, hell bent on wrecking this entire country by any and every means possible, to serve the foreign markets and investors that pay no taxes, but that use our hijacked allocations. This is not serving America, it’s part of a direct assault, just like the events of 9/11 that also required inside assistance and access to many security codes to pull it off. Something like that is beyond the abilities of Osama Bin Laden and so it should be obvious we are dealing with MOLES. That is, Intel moles, banking moles, strategic moles and more moles and they are outright lying to all of us!!!
September 28th, 2008 at 1:12 pm
I would like to say one thing to those people on here that think this site is legit. This site’s poll had a subject on it that stated it the courts ruled it was illegal to homeschool your kids in California. I live in California and homeschool my kids and that statement was an out and out lie!!! It is not illegal, it never has been!
Alex, stop lying!!!! or at the very least stop misrepresenting stuff and hyping like the msm or you are part of the msm as others have stated.
Because of this fact, I tend to believe those detractors on this site. I just decipher and filter what I see has hype, fear mongering and truth. Those who violently disagree, you have become the very subjugated sheep the NWO has planned for.
Instead of getting defensive, do your own research. If this guy is not a shill, then why is he not off the net? he ain’t that popular people. no one would miss him. Sorry, but it’s true. Just be careful of any site you go to that claims to be true. The real ones have been eliminated from the internet. Think people, THINK!
I just want to state again, there is truth mixed in with BS on this site, be careful. It’s a perfect NWO ploy. “give them two truths and one lie and they will believe the lie”
September 28th, 2008 at 1:38 pm
#129. I agree with you 100% You are absolutely right. My neighboors are home schooled.
September 28th, 2008 at 1:39 pm
Hey people lets wake up. Not everything alex says is true. If he was legit, he would of been killed or taken off the net a loooooooooooong time ago WAKE UP!
September 28th, 2008 at 2:14 pm
Take Action Against Your Representatives,
The sneaky bastards know that 65% of us were against the Bailout, yet the Caved In To The Dollar!
Take action Now, or curl up in a corner and cry!
September 28th, 2008 at 2:34 pm
Chavez says crisis-hit U.S. Needs new constitution
Reuters – Sunday, September 28
LISBON, Sept 27 – Venezuela’s leftist President Hugo Chavez said on Saturday it was the capitalist system that had caused the financial crisis in the United States and the country should come up with a new constitution.
Speaking to reporters in Lisbon on the last leg of a tour that included visits to China and Russia, he said: “I think the United States should start a constituent process to create a constituent assembly, a new truly democratic model.”
A constituent assembly is a body elected to draft and sometimes adopt a new constitution.
“It was capitalism that caused the ruin” in the United States, said Chavez, who is one of Washington’s fiercest critics, calling the financial crunch “the worst financial crisis in history”.
“Let the U.S. Empire end and let a great nation and great republic rise from the ruin … It’s time to shout ‘Liberty!’ again in the United States,” Chavez said, calling for a new government to be free of the “dictatorship of the elite” such as big banks and corporations.
http://sg.news.yahoo.com/rtrs/.....18940.html
You never thought the day would come that you would actually agree with Chavez huh, but that day is here. All Americans all across the land are finally waking up to the fact that they are all getting taken to the cleaners by a bunch of insane and out of control criminals in DC.
Now even leaders of foreign countries are pointing that fact out to Americans, and it is a fact that all Americans know too.
September 28th, 2008 at 2:37 pm
ill try this again. a former scientist for the melinda and bill gates foundation has blown the whistle on the whole operation concerning vaccinations, unreported or under reported deaths, diseases, third world countries, the list is long. if you can’t decipher truth from the lies then you haven’t been paying attention. i do remember something about homeschooling came up on our local news concerning this very thing but haven’t heard anything else about it since.
September 28th, 2008 at 3:08 pm
Regardless of what you think of A.J. and his vociferous and loud mouthed tendancies or whether or not you’ve caught him in an embellishment, exageration or outright lie on any subject is not really germane to the subject being discussed in this article. The fact is that the greedy S.O.B.s that caused the problem are the self same ones who are pontificating for the bailout and simultaneously admitting fault and setting conditions and terms by which taxpayers can avail themselves of the “Great Honor and Privaleged Opportunity” to save their sorry asses. WRONG!
In order to keep this from going into a full on KAMIKAZE nose dive circa 1929, intervention is needed. What jobs that can be saved and for however long they can be saved will require this. It won’t suture the wound and stop the bleedout by any means but it may help the body from bleeding out too rapidly and going into shock as a result. This will have the affect of possibly allowing jobs to be lost slowly, instead of overnight, and possibly let attrition of an aging workforce to do most of the dirtywork. It does not mean that they will have anything to retire on but the shock waves may be muffeld enough so that other potential landslides in other areas of the economy are not set off like so many dominos and the impact will be simply from the fall not from the ground rushing up at the same time.
BUT, before this bailout is allowed it MUST BE MADE PERFECTLY CLEAR to the idiots responsible and who will be on the receiving end of the help that it is being done NOT for their immediate benefit but long term benefit of the TAXPAYER. Any terms set on this bailout SHALL be set by those footing the bill and NO BODY ELSE! NO and I mean ABSOLUTLELY NO institution that would have benifited or participated in any bailout package that had no strings should be allowed to refuse participation in this package, just like bad tasting medicine…you’re gonna take it whether or not you like it you have no choice or say in the matter. And finally and most importantly, EVERY SINGLE current executive and or CEO from each institution that gets help and anyone who has held those positions in the last 10 years should have every single personal assest SIEZED IMMEDIATELY, these should be held for ten years during wich time investigations as to who the top 50% most culpable for this mess are. Once the determinaion has been made the assests of top 50% shall be siezed by the government and put towards paying off the bill and the owners go to jail, no trial, no recourse. Any profits made on the assets of the other 50% over the 10 year siezure shall be put in the public coffers and the original value of the assets shall be returned to the original owners in 2008 dollar values. All will also be barred from holding any public office in perpetuity and should are stipped of any and all creditation, licensing, or certification that allowed them to work in the Financial Industry and are barred from any activity in said sector in perpetuity including working in it in any capacity. This includes cleaning the toilets in an office building that houses an office of ANY financial instituion.
September 28th, 2008 at 3:41 pm
lol ill informed debunkers.. either that or just plain asleep
Yep of course your going to trash the very accurate information on this site.. go read the article again and then come back and say sorry. that is if you really have read it in the first place. Read the bit about when this comes into force
sheesh man
WAKE UP
September 28th, 2008 at 3:47 pm
eeeek to late .. looks like the bill has been passed, now all we can do is hope its kicked out at the vote. Think im going to move somewhere in the mountains, preferably in a cave. grow some food and keep my head down .. the 700 bill will turn into trillions and the dollar will get replaced by the Amero anyway
RIP the $USD
Hello The North American alliance, did the pilgrims who forged this country really do all that for nothing. All that work blood a sweat to just hand it over to the wall street bankers
Looks like it Folks
September 28th, 2008 at 4:08 pm
This explains it all:
http://www.youtube.com/watch?v=EcZSh1diQRQ
September 28th, 2008 at 4:11 pm
Jamez, I am not a debunker of the truth (NWO’s plan)or this article. You have failed to comprehend my post. Sad really, it was quite elementary.
No need for me to apologize as your mental capacity seems to be that of a diminutive state. As a matter of fact, I mentioned nothing about the article above being wrong and more of the way the poll on this site was an out and out lie in regards to homeschooling being illegal according the the California Courts. Being set up to put fear into people and get a knee jerk reaction…such as yourself. What I stated was pure fact and what i asked of everyone, you indeed neglected to do.
Take your own words as advice to my post. Your post made no sense whatsoever.
People who post negative things in regards to stories and the way they are set up, especially the headlines, are upset, disseminated and rightfully so, suspicious of Alex and this site. Common sense would lead you to this conclusion and we just want people to be careful not to fall into what we are fighting against…distraction from the truth.
Example, someone tells their coworkers that homeschooling is illegal in California because the Alex Jones site said so. Result, laughed to scorn and seen as a conspiracy freak. I believe that is the goal of this site. Again, two truths, one lie, you believe the lie. I hope you understand and open your eyes.
good luck with that
September 28th, 2008 at 4:12 pm
I meant disappointed not disseminated…FRICK!
September 28th, 2008 at 5:04 pm
This is plain and simple.
If the bail out goes through, which it will, it will save the Federal Reserve System from crashing and ending.
If it does not pass, which will never happen, they will have pushed on every shitty worthless un-collectible debt from their books onto the tax payers books.
This was our chance to end the fraud and scam, but we will not be able to stop the Federal Reserve System once it passes.
Too bad so many Americans are so selfish and never learn.
We did learn one thing from history though, and that is that we never learn from history.
September 28th, 2008 at 5:13 pm
RE — CAUTION, just one who cares Says:
September 28th, 2008 at 4:11 pm
I think you have misunderstood, NON of my comments have been directed at you ???
However in regards to your rather derogatory and defamatory reply? I do not undertake to take the higher ground with anybody. Moreover i would never ever address sombody i have never met with such disdain.
I do not start my post with things like “no need for me to apologize as your mental capacity seems to be that of a diminutive state.” A quote from you to me…
this statement alone shows that you feel the need to embellish your worth and contributions here.
If you do not understand the cryptic nature of my posts then please do not respond to me.
There are many people here who use this forum as a medium for cryptic communication and obviously by its nature it will not make any sense to some.
If you were a little more focused on the actual problem in hand rather than trying to prove that other people are less intelligent than yourself, maybe YOU and the many other sheep that are asleep would have done more and this situation would never of happened.
I have neither the time or patience really to start a flame war with you but pretty much
GET OVER YOURSELF the world is in the shit and all your worried about is slating a poster on this forum who was not even addressing you??
I wont be replying as i have to be a little more pro active today than sitting on my couch.
PS
you do sound a lot like somebody who has been paid to discredit the good people who run and post on this site and for the record.. the good guys always win in the end..
Do not bother replying I will not be reading it.
September 28th, 2008 at 6:05 pm
Zionist this…… NWO that………, glabalists this……….. international bankers that….,
Is anyone gonna blame the fact that these people don’t have jobs to pay there mortgages and maybe that’s why the bank has so many defaulted loans?
Or
How about the fact that the Bush administration has done nothing, in the past 8 years, has not created a single job and has forced poor americans into the realm of bankruptcy.
AND in turn created the economic collapse of our country SINGLE HANDEDLY. We have the war that his buddies from oil companies and military contractors wanted and made happen, we have loans in the trillions of dollars to big business’s across the US, and have borrowed more money from foreign countries in the past 8 years then our ENTIRE EXISTANCE.
But hey let’s blame the bankers, let’s blame the so called ‘NWO’, let blame ‘jews’ (really original and shocking considering the people who have used that argument in the past Hitler, Stalin, yeah real stand up guys huh), I’m sorry but the only sheep I see here is the majority of the people here who use those terms to describe the criminals who are destroying this country. Let me ask you nimrods something. How hard is it for you guys to give a straight answer in who’s responsible for the demise of my country?
Oh it the NWO, but I doubt you guys have a clue who the members of that group are/or if that group actually exists.
Zionists have taken on a much different definition at this site and has nothing to do with american politics period…
Bankers well, when I was a kid and had no money I hated banks too but now that I’m older and wiser with the help of my bank I was able to run my business, put my kids through college and retire by the time I’m 65. How can I hate the bank because they expect me to pay interest on a loan that I’m responsible for?
You people sound like a bunch of morons who have accomplished nothing but drinking beer and tuning up your rebuilt engine for your 50’s hotrod. Maybe if you people educated yourself the press would give you the time of day, instead of blowing you off as another ignorant citizen.
All you guys accomplish at this site is panic and paranoia. All you guys do is eat the crap the JONES AND CO. feeds you. You know why you are not any closer to answer than you were 7 years ago. BECAUSE THERE IS NO MONEY IN THE ANSWERS ONLY IN THE QUESTIONS. The same reason why pharmaceutical companies don’t cure diseases but offer treatments to them.
You starting to see the picture now aren’t you, instead of using dumb unrecognized terms to demonize the people accountable use there names…….I bet if the press heard 7 years of ‘Larry Silverstein responsible for 9/11′ or ‘George Bush responsible’ instead of the crappy ‘9/11 was an inside job’ maybe we could be in a lawsuit right now instead of them sitting on there piles of money laughing at us…..
The truth is Alex could care less how the information is used, but rather that It’s GETTING USED that’s important.
All you people do is scratch the surface everyday and have yet to dig into the true realms of the evil doer’s. I for one have realized the error of my ways and have chosen to allow people actions to be the demonizing point instead of using stupid catch phrases that confuse the issue instead of providing the actual facts of the issue itself.
You people aren’t just dumb but you have no clue what you are talking about, since I started reading the articles on this site I have questioned the legitimacy of it. It didn’t take me long to figure out who these articles are meant for. All bet my life savings that these are the same people who have subscriptions to the Inquirer and can’t wait for that alien baby to be born. So sad that you people actually think you know more then the rest of america. The blind leading the blind is gonna awaken the intelligent and greedy upper middle class families in this country (yeah right!!!). You people should stop star gazing and start getting an education. Asking for the demise of banking institutions bad idea, Voting for third party bad idea and in fact a waste of a vote if the guy isn’t in every riding.
Seriously you guys have to realize that people are laughing at you, I have three friends who come to this site specifically to mock you guys, and from what I can tell they do a good job of stirring up the hornets nest.
I’m way too smart for all of you obviously and feel it would be a waste of time to enrage you further than you already are. I bet I will hear about at least half of you in a few years getting caught cheating on your taxes. You know why you pay taxes because it cost money to run this country. The more money they have the more clout they have. You think this money is created out of thin air YOU ARE WRONG AND SHOULDN’T VOICE YOUR OPINION AT ALL, I WOULD TAKE THE TIME TO EXPLAIN IT TO YOU IGNORANT IDIOTS BUT HEY I HAVE A LIFE, MAYBE YOU SHOULD GO GET ONE, oh and save your comments for someone who actually give a flying fuck!!! DUMBASSES
September 28th, 2008 at 6:16 pm
OK. I have followed with interest for a few weeks this website.
With as many voices, sadly not enough, I decided to do something. Albeit very small. I just wanted to do something. This bailout is the beginning of many to come. Auto’s, airlines, municipalities, etc. Our local school district is having to dramatically modify the bus schedule due to $ issues (not enough for gas). A neighboring county, had to have donations from the community to continue the sports programs, again, they have no money.
I looked up my two senators website and sent them three emails each (copy and pasted the message), just to make sure. I also found my local house representative and did the same.
I let them know how their constituants felt, and that we were watching.
It was very easy to do, took me less than 15 minutes for all. Google it up – each has his/her own site and contact info. We can at least do this.
September 28th, 2008 at 6:24 pm
The people to blame are people like you..
Whats all the “you have nothing??” directed at me?? you have no idea who i am what i earn, and i, unlike you do not need or want to disclose that. you assume that i am a “poor” person.. i personally do not judge people on their income. Mother Teressa did not earn much neither did Nelson Mandela, but i would in no way try to measure my worth against them??? WTF
Your correct of course the current administration are to blame but so are we all for believing the lies.
OBVIOUSLY YOU ARE CORRECT BECAUSE THE COUNTRY AND THE WORLD IS RUNNING PERFECTLY so of course we are full of crap what do we know. If you don’t know who the NWO are they are the builderbergers, and yes they are real. Go do some research before you kick off will your ill informed and uneducated point of view. go drink your fluorinated water and go get those flu jab
The new world order needs people like you, i remember .. i few years ago when i was of the same opinion as you, and then my whole world turned upside down. I promise you faithfully, we are not deluded brianwashed, or easily swayed.
Most people here and most of the people involved in these sorts of site are the very well educated and very well informed.
WAKE UP
Come back when you have spent just a little bit of time researching the information here
September 28th, 2008 at 6:44 pm
http://www.youtube.com/watch?v=l7B4laX1E70
Rep. Michael Burgess (R-TX) reports from the floor of the House that the Republicans have been cut out of the process and called unpatriotic for not blindly supporting the fraudulent bailout. He says the only debate has been about what talking points to use on the American people. The most ominous revelation is when he claims the Speaker has declared martial law.
“I have been thrown out of more meetings in this capital in the last 24 hours than I ever thought possible, as a duly elected representative of 825,000 citizens of north Texas.” Said Congressman Burgess.
Burgess asks the Speaker of the House to post the bailout bill on the internet for at least 24 hours instead of passing the largest piece of legislation in US financial history in the “dark of night.”
The most frightening part of Rep. Burgess’ one-minute floor speech is when he says, “Mr. Speaker I understand we are under Martial Law as declared by the speaker last night.”
If this does not make the point nothing will
September 28th, 2008 at 7:35 pm
#146 LOL you have NOTHING!!!!
Chain Puller!!!
September 28th, 2008 at 8:33 pm
Yeah, here’s a trick that those silly little political, (hide behind their little American flag lapel’s), outhouse pit dwelling scum bags (that know the price of everything and the value of nothing) use, it’s called the two ball trick, or at least that’s what I would call it,
Someone throws you a slow high ball to catch, your eye’s are on the ball !##*”BOOM##!!**” the next thing you know you were hit in the face with a fast ball, you ask why? because you didn’t take your eye’s off the 1st ball, I am not an expert in finance but I do know this,the incentive for people to rip off everyone including themselves (American public) had to come from some place.
I can tell you this “displaced incentive is the cause of this whole ordeal” if the rewards and punishment factor was put into place with care,this catastrophy would not have happend,now all we can do is follow the money to see who got what for doing what, shine a bright and big spotlight on their ass,er a
bank account (well placed incentive) I am just a guitar player from Austin but I know this displaced incentive issue is the cause.Can someone out there elaberate on these thought’s??
September 28th, 2008 at 9:27 pm
new video
http://ca.youtube.com/watch?v=Bw32XCw_AvM
September 28th, 2008 at 10:12 pm
When the troops begin to patrol the streets, we need to start up the highway blogging again reminding them that this is affecting them and their families also. They are in this situation just as deep if not deeper than anyone else, so send them the message.
September 28th, 2008 at 10:31 pm
HERE IS ONE EXAMPLE…………….. LISTEN UP PEOPLE… Only three weeks on the job LA TIMES QUOTE “Though new CEO Allan H. Fishman has barely had time to warm his chair, “a deal sooner rather than later is better for its stockholders,” Ely said. “If WaMu’s problems are serious enough and the regulatory pressure is strong enough, WaMu’s directors will cut a deal.” This means this CEO will take $18, million dollars and he can retire already while all of us will be eating crumbs on a food line or begging on the street because we will become homeless. Isn’t this wonderful…..New York (Wall Street ) Babylon the Harlot Ezekeil 22 Her princes in the midst of her are like wolves tearing the prey, shedding blood, destroying lives to get dishonest gain. 29-The people of the land have practiced extortion and committed robbery: they have oppressed the poor and needy,and have extorted from the sojourner without redress.
September 28th, 2008 at 10:44 pm
http://www.reuters.com/article.....0520080926
Click the link above and check out how reuters say that JP Morgan CEO Jamie Dimon is JP Morgan incarnate by sucking up Bear Stearns and WaMu. Sickening.
September 29th, 2008 at 12:51 am
No 146.
So much verbage!
Pity that the comments were not directed to Whitney’s article, what a waste.
September 29th, 2008 at 2:51 am
So Bruce you must be “the man behind the curtain” or “the great and powerful wizard himself” (whitney) or both, ( so enlighten us pee ons with your economic solutions,(your comments were not directed to
whitney’s article either in case we haven’t noticed).
September 29th, 2008 at 4:13 am
#156 Bruce of Oz
Well said Bruce…re: post #146
That CB…post #157…We in Australia would call a clown like that “as thick as a brick” would we not. (i assume your from Australia Bruce)
Nothing gets me more riled up than a “smart arse”…their a dime a dozen!
Nothing gives me more satisfaction than sitting one on his arse…wipes the “smug expression” clean off their face!
I usually refer to a “smart arse” as an outright fucking cunt…but i’m trying to tone down my language a tad!!!
September 29th, 2008 at 5:33 am
In FDR, My Exploited Father-in-Law, Col. Curtis B. Dall, who was a broker on Wall Street at that time, writes of the Crash, “Actually it was the calculated 憇hearing?of the public by the World Money-Powers, triggered by the planned sudden shortage of the supply of call money in the New York money market.”90 Overnight, the Federal Reserve System had raised the call rate to twenty percent. Unable to meet this rate, the speculators?only alternative was to jump out of windows.
The New York Federal Reserve Bank rate, which dictated the national interest rate, went to six percent on November 1, 1929. After the investors had been bankrupted, it dropped to one and one-half percent on May 8, 1931. Congressman Wright Patman in “A Primer On Money”, says that the money supply decreased by eight billion dollars from 1929 to 1933, causing 11,630 banks of the total of 26,401 in the United States to go bankrupt and close their doors.
September 29th, 2008 at 5:44 am
If we are going to Nationlize companys then lets allow the bankrupt ones to die,
then Nationalize the top 500 Hundred companys. Use the profits to pay the debt
of the country and support pension funds. Adjust CEO salaries to $250,000 max
a year with no stock options.
Now we are facing a Natioanl Security Issue, these companys through theft, collusion
military contractor status and more have siphoned off our future. Without drastic
action such as Nationalization of all private companies making a profit we will be living
as slaves to the bankruptors,who will continue to party from the swiss accounts they
have siphoned the money off too. No more military contractor accounts being payed
to Wal-Mart and Home Depot so spy on Americans.
Ban any members of groups linked together to destroy the United States of America,
September 29th, 2008 at 5:45 am
go to your local congressmans office and pick up your ball and chain….
September 29th, 2008 at 8:24 am
AHHHHHHHH now I feel well rested, so where were we;
What would you do if I sang out tune?
Would you stand up and walk out on me?
Lend me your ears and I’ll sing you a song
I will try not to sing out of key, yeah
Oh, baby I get by with a little help from my friends
By with a little help from my friends.
All I need is my buddies
By with a little help from my friends
I said I’m gonna get by with a little
By with a little help from my friends
Whoa oh oh oh oh
Said I don’t know if that’s what I’m sure do to, baby
By with a little help from my friends
Said I’m gonna make it with my friends
By with a little help from my friends
Whoa oh I’m gonna keep on trying
By with a little help from my friends
Said I’m gonna keep on trying.
that’s better, nothing like waking up to the Beatles, now what’s all this talk about jewish bankers Samantha. You like Arab bankers better or maybe russian, how about the Bush’s family of Bankers you like prescott’s way of doing things?
Anyways I would rather draw my comments to likes of the #148 because he addresses some very good points. Unfortunately he was wrong on so many levels;
1) mandela net worth is in the HIGH millions (he’s not so poor is he!)
2) it’s the Bilderberg group NOT builderberg group (sounds like a Norwegian construction company)
3) If you can’t get the obvious targets that are in the spotlight everyday, how do you ever expect to get the bigger targets that are in secret.
4) I have my suspicion about what happens in those meetings but as long as the journalists aren’t writing about it we can’t get the an accurate account of what there doing. So why don’t you send Alex and Co. to infiltrate the meetings, or better yet do it yourself. God I miss Hoover in time like this. At least he has a pair. All i see here is a bunch of lucky’s (lucky was my dog, he had one eye, 3 legs and no sense of smell), he was a good dog but was really built for companionship and not always the sharpest tool in the shed… lovable none the less. God that dog could make me laugh!!! I used to throw a stick in the lake and watch him swim around in circles trying to get to it, truly an idiot savant (not an insult if you know what it means). And even though he’s been dead for a decade could still put a smile on my face!!
Aussie I would waste some time on you but judging how your country sold out to the highest bidder for the Olympics isn’t exactly the template I’m looking for in regards to a solution for my country. I personally don’t even get what your interest are in this site in the first place. Sure Canadians have an interest but that would make sense because there economy is directly effected WHAT’S YOUR INTEREST SON?
Oh and one more question If the bilderberg group is the NWO then why don’t you just use bilderberg. What’s up with the fictitious name?
Is it because Alex couldn’t copyright that term for his T-Shirt sales hmmm?
September 29th, 2008 at 9:58 am
#163 LOL you have NOTHING!!!!
SON…i liked that…make you feel all authoritarian did it???
Your not one of these cunts that needs to know everyone’s business???…are ya???
One thing i will say in regards to my concern with “your” country…is this:
When America “sneezes” people around the world are either maimed or they die!…so i don’t think anyone from abroad needs to be an Einstein…to work out where to source the most relevant news from…news that nine times out of ten will likely have an impact on their lives!
I’m not sure if you know this fact…Americas greatest manufacturing industry both at home and abroad is one that specializes in death…an interesting tid bit for ya’
September 29th, 2008 at 10:00 am
Come one, come all…to the biggest party ever witnessed on the internet.
The Infowars party…in celebration of the 3,000,000th article submitted by a contributor!
Door prizes, free giveaways (George Bush, Condi Rice, blow up dolls), DVD’s (Debbie does Congress, Congress does each other, Ron Paul in Fuck the IRS + loads more great titles)
This party will be bigger than the “damp” cigar that Clinton diddled Lewinski with!
The Infowars party looks set to continue up until such time the Globalist takeover is complete…once the Globalists have complete control…could we have three lines of forum posters at doors 1, 2, and 3…these doors lead straight out to parked cattle cars…these cars will take you straight to your new state of the art residence…on arrival if you could take a shower at the building adjacent to the main residence…purely for sanitary purposes!
.
We might have lost our freedom…but those millions of Infowars articles we read, over the last seven + years…sure did beat getting off our arses and actualy “doing something”
If only it wasn’t all so serious!!!
September 29th, 2008 at 11:32 am
Hey Bruce,lighten up,don’t be such an OZ hole, and besides “I got a DONK!!”
September 29th, 2008 at 1:12 pm
Our elected “representatives” are idiots and whores. I say that with apologies to all honest whores everywhere. No ones hands are clean.
I spent two days puking in my waste basket!
So the people who hit the snooze button while Bush et al, with the collusion of congress (both parties) were wiping their collective ass with our constitution finely wake up.
Too little too late, just like this abomination of a bail out.
It won’t work. Period. This was a Ponzi scheme (google it) that is collapsing. Your future earnings are about to be confiscated using the force of law and poured into it.
Doesn’t anyone see the flaw? It’s a Ponzi scheme. It doesn’t matter how much money/debt you pour into it, it will INEVITABLY collapse.
Theoretically you can pour infinate money/debt in it, but in the real world that didn’t work out too good for Zimbabwe.
Blame is meaningless now, people better start worrying about survival!
September 29th, 2008 at 4:12 pm
ACORN is part of the problem
September 29th, 2008 at 7:02 pm
Yeah Samantha, those wicked Jew Bastards, we Christ loving Osteen worshiping ,Jimmy swaggart limousineing Tax free political kickback, (payback to politicians that keep our chosen churches tax free) jerkoffs have nothing to do with this great American SCREW UP!!!
I personally feel all right wing Jew’s, Christens, Musslums, and any other idiot that thinks they have a right to speak for God let alone kill and rip off people under the name of the God is dangerous,I can spot these fool’s a mile away (a glazed over look in the eye’s like they can’t see past the bridge of their nose) this is a big part of the problem, (lyric to old song)
“Land of Naivety”
Hypochristen politician
looks like a mannequin
kickbacks are his cause
he breaks all his own laws
then goes to church to redeem
all of his sin’s
Chours-1
he must be from
they must be from
we must be from
the land of naivety
Verse-2
check out the bozo
talk ho radio
corporate advertising
is his name
partisan pollution
is a futile institution
he should be raced
to a home for the insane
Chours-2
he must be from
they must be from
we must be from
the land of naivety
verse-3
sociopastor slave master
makes no apology
it was never funny
exploit’s their soul’s
for money
then hand’s them guilt
with a cheap pimp physcology
Bridge-
they laugh their way to
the bank
they should cry their way
to their soul
when will we ever
turn the page
they pray on good people
in a church with no steeple
I hope they all
feel our rage
Chours-3
I must be from
they must be from
we must be from
the land of naivety
Our religion in our country with our rationalizing (speaking for God) attitude needs work, we are only a few centuries old, we are like a spoiled adolescent child that lives beyond his or her mean’s then blames the kid down the street when the bill comes.
September 30th, 2008 at 9:40 pm
Well it,s been over 24 hours, was my post that bad? I’m not afraid to be wrong, any thought’s? OK testing 1..2..3.. I feel like Rod Serling (Twilight zone) is going to bust in my door and do a tap dance in my room or something, HELLO !!! did the colapse already happen and I went back in time somehow ?? did I freak people out?? was my post so boaring no one gives a damn? Hello out there, I didn’t do that well in school but today I found out 1 billion = one thousand million and one trillion= 100 billion, Hello out there HELLO HELLO anybody out there besides my bad self,oh well I guess I will have to be alone in thought,I think I hear Rod tap dancing in my living room,over and out.
October 1st, 2008 at 9:38 pm
Don’t feel too bad cb, good comment but they obviously can’t figure out how to get to archived articles!!
But it was a good post sorry for the lack of support but what you said was equally slanderous to all religions (it’s better than these morons who blame all there problems on the jews). Hey equal rights means we have to have a balanced attack these days, good job!!!
October 1st, 2008 at 11:09 pm
To LOL you have NOTHING!!!! Thanks man, I didn’t Know what happened,I sure don’t want to slander any religions just some of the people in them (if you switched these people at birth they would be just as dangerous only they would be on the side they are now fighting,(the musslum revolutionary would become a christen revolutionary ect) Just because traditon dictates you follow your family’s religion doesn’t mean you can’t figure it out for yourself.
Thank you again LOL YHN I am now inspired to write another song about this situation, I didn’t mean to offend any religion (if Buda,Christ,Mohomad,Confucius,ect all got together they would have very similar beliefs,I just can’t stand some of the people that change the meanings to fit their agenda,in this case I blasted some of the Christen “Hypochristens” because of the ( it’s the Jews fault) attitude problem, CB P.S. I also get by with a little help from my friends,thanks again friend.