We Have DAYS To Stop the $700 Billion Stick-Up (and Fascist Power Grab)

[Zarathustra]

http://www.prisonplanet.com/we-have-days-to-stop-the-700-billion-stick-up-and-fascist-power-grab.html


We Have DAYS To Stop the $700 Billion Stick-Up (and Fascist Power Grab)

George Washington’s Blog
Sunday, Sept 21, 2008

Congress hopes to pass the $700 Billion bailout bill by Friday, according to an article in Bloomberg.

In case you haven’t heard, the bill would not only stick up American taxpayers for an additional $700 billion, but would literally give Paulson and the government fascist powers.

Don’t believe me?

Well, as the Bloomberg article notes: “The bill would bar courts from reviewing actions taken under its authority.”

Bloomberg includes the following quotes by people who understand the significance of the bill:



It sounds like Paulson is asking to be a financial dictator, for a limited period of time,” said historian John Steele Gordon . . . .

***

The Bush administration seeks “dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis,” said Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington. “We are taking a huge leap of faith.”



This power grab is so serious that investigative reporter Larisa Alexandrovna calls it “the final stages of the coup“.

We have days to stop this bill. March on Congress. Educate and motivate everyone around you. Do everything you can to prevent this disaster before it is too late.

[GFWeye]

TRUE..

Check the rest of the posts to boot!

http://www.larouchepac.com/news/2008/09/19/larouche-denounces-paulsons-latest-bailout-swindle.html

:trumpet:

[King Lear]

http://img241.imageshack.us/img241/5941/bankingcrashsb1.png (http://imageshack.us)


How the system works!

[shaundelear]

So it's daylight robery? and I bet taxpayers are paying the interest too.
Where are the American heros? Nobody willing to step up and blow the whistle?
They still have not handed over a cent on the bailouts.
German banks transfering money to bankrupt companies ? 300 million euros
If Americans dont know how much is in the Federal reserve how can they accept writing off $700BILLION?
If the USA is allready bankrupt for TRILLIONS how can they bail out these companies?
Should thier debtor nations not be paid first?
This is a clever tactical smokescreen to gain more power.
Maybe the US people should stand tall and concentrate on getting thier house in order rather than wrecking the remaining free world in the name of DEMON-OCRACY.

[Zarathustra]

So it's daylight robery? and I bet taxpayers are paying the interest too.
Where are the American heros? Nobody willing to step up and blow the whistle?
They still have not handed over a cent on the bailouts.
German banks transfering money to bankrupt companies ? 300 million euros
If Americans dont know how much is in the Federal reserve how can they accept writing off $700BILLION?
If the USA is allready bankrupt for TRILLIONS how can they bail out these companies?
Should thier debtor nations not be paid first?
This is a clever tactical smokescreen to gain more power.
Maybe the US people should stand tall and concentrate on getting thier house in order rather than wrecking the remaining free world in the name of DEMON-OCRACY.


difficult to find an argument

[arcora]

They're voting to put Al Capone in charge of the vault.

[Zarathustra]

They're voting to put Al Capone in charge of the vault.

Even worse, because Capone didn't target the average citizen.

[MyShadow]

Looks like the Dem's are trying at least to modify it. Or is that their role - to play the part of lining up to accept side-blame. We shall see.

MyShadow

[Zarathustra]

Looks like the Dem's are trying at least to modify it. Or is that their role - to play the part of lining up to accept side-blame. We shall see.

MyShadow


Don't count on them for any help, they very much co-conspirators in this criminal con game. There is no help coming until we jerk the entire lot of them out of their beds and recreate the Neuremburg trials for their benefit.

Z

[Zarathustra]

Democrats Pledge Quick Action on Rescue Legislation
http://news.yahoo.com/s/bloomberg/akp5ytcrbhpe

That article should tell anyone who had hope via the democrats to stop dreaming.

[JSErwine]

LOL, why would the Dems want to stop this, it plays right into their political agenda.

[Zarathustra]

LOL, why would the Dems want to stop this, it plays right into their political agenda.


That, and the fact that they are equally complicent in the crime, and benefit equally from it.

[sfth13]

here's some more hot air from the National Taxpayers Union

http://www.ntu.org/main/press.php?PressID=1046&org_name=NTU

For Immediate Release Sep 16, 2008
For Further Information, Contact:
Peter J. Sepp, Natasha Altamirano, (703) 683-5700
Amidst Senate Hearings and Stock-Slumps, Taxpayer Group Vows New Fight Against Bailouts for Freddie, Fannie, Others

(Alexandria, VA) -- Participants in Senate hearings today have hinted that the bailout of Fannie Mae and Freddie Mac is a done deal and more may be necessary, but the 362,000-member National Taxpayers Union (NTU) disagrees. The group vowed to wage a grassroots campaign supporting efforts to scale back the Fannie/Freddie bailout and protect taxpayers from further harm.

"When Treasury Secretary Paulson fired the self-described bazooka Congress gave him to rescue Fannie and Freddie, his mission seemed to be 'shoot at taxpayers' wallets first and ask questions later,'" said NTU Vice President for Policy & Communications Pete Sepp. "Hopefully now they'll realize that the painful stock-market correction is still less traumatic than the consequences of expanding the government's half-trillion-dollar portfolio of financial bailout liabilities."

NTU has long sought reforms that would cut the government's purse strings to Government-Sponsored Enterprises (GSEs) such as Fannie Mae and Freddie Mac. In 1989, NTU's then-Chairman warned in testimony before Congress that, "[D]espite dramatic increases in borrowing by GSEs, too little is known about the magnitude of the very real risks underwritten by American taxpayers." Less than two months ago, NTU recommended nine pro-taxpayer prescriptions for mitigating Fannie and Freddie's financial woes in an open letter to Congress. Few of those reforms were enacted into law.

For that reason, NTU has launched a new initiative -- centered upon cyber-alerts, talk radio, and Capitol Hill lobbying -- designed to curtail the government's authority to put taxpayers on the hook for this or future bailouts. Specific proposals include:

Truth in Budgeting. Unless Fannie and Freddie are privatized, their liabilities should be part of the federal budget, not "off the books." This recommendation from the Congressional Budget Office should be cemented into law.
Make it Shorter. Rep. Connie Mack's (R-FL) recent call to "ensure [the bailout] is temporary and short" deserves support; Congress should pressure the Treasury to shrink Fannie and Freddie more quickly than the 10-year period Paulson envisions. Rep. Scott Garrett's (R-NJ) bill to encourage a "covered bond" market will help private institutions stabilize and streamline mortgage financing. This in turn can aid an economic recovery.
Stop the Slush Fund. Rep. Michele Bachmann (R-MN) has urged Federal Housing Finance Agency Director Jim Lockhart to suspend GSE financing for the "Housing Trust Fund," a political giveaway to left-leaning housing activists.
Don't Go Backward. Congress should reject "go-soft" proposals such as a 90-day moratorium on GSE foreclosures that would raise the burden on taxpayers.
"Lehman Brothers aside, the government's actions toward Bear Stearns, Fannie and Freddie, and now handout requests from Detroit automakers could signal an ominous new trend of meddling in markets," Sepp concluded. "Politicians have been digging taxpayers deeper into the fiscal hole, and we have to take their shovels away before we're all buried for good."

NTU is a nonprofit, nonpartisan citizen group founded in 1969 to work for lower taxes, less wasteful spending, and accountable government at all levels. Note: More information on NTU's work in the area of GSE policy is available at www.ntu.org.

[Zarathustra]

At least I can agree with them on principle. What else can I say?

[Realview]

My answer is that there is no national debt. It's all Illuminati right hand paying Illuminati left hand perpetuating the scam.

[sfth13]

I know how you feel. Sometimes I just want to bang my head agaist the wall cuase I think i'm the only one seeing what's going down.:roll1:

[Zarathustra]

I know how you feel. Sometimes I just want to bang my head agaist the wall cuase I think i'm the only one seeing what's going down.:roll1:


I want to bang someone else's head against a wall :)

[sfth13]

I want to bang someone else's head against a wall :)

That is a better idea! :thumb_yello:

[Zarathustra]

I'll start with a solid brick wall and Henry Paulson :)

[Zarathustra]

I strongly encourage everyone to email, fax, and call the offices of your congressmen and let them know your opposition to this fleecing of America.

[FrostyMcunicron]

Dont let them put that debt on our heads.

King leer, may i repost that cartoon on other forums to spread the message?

[King Lear]

King [L]le[a]er, may i repost that cartoon on other forums to spread the message?

Of course my friend:original:

[Trippin Ninja]

Looks like it could be too late already .......

Deal reached on $700B bailout

Justin Hyde
Detroit Free Press
September 25, 2008

Congressional leaders from both political parties said today they had agreed to the outlines of a proposed $700 billion bailout of U.S. financial markets, with limits on executive pay and help for homeowners in distress.

The agreement came a few hours ahead of a meeting called by President George W. Bush with House and Senate leaders, along with presidential candidates John McCain and Barack Obama this afternoon.

Lawmakers said many of the final details were still being hammered out, and that the deal still needed input from the Bush administration, but that the map for the largest government move in the U.S. financial system since the Great Depression had been drawn.

“We are prepared to act expeditiously on a plan with our colleagues that will allow us to send a very strong message to the markets,” said Sen. Christopher Dodd, D-Conn.

The Dow Jones Industrial average was up about 240 points after the deal was announced.

Sen. Bob Bennett, R-Utah, said lawmakers had a deal “that will pass the House, pass the Senate, be signed by the Senate and bring a sense of certainty to the markets.”

http://www.infowars.com/?p=4855

[Steve_A]

Hi Zarathustra,

It seems that most Americans are being sucked in to beleiving that te 'rescue' of Wall Street is costing only 700 bil. That number is being batted around a lot to make the people think that that's all the government will use for this action.

The bail out started with Fannie May & Co. That started around 35 bil, then AIG at 850 bil, so with this EXTRA 700 bil you are looking at something like 1535 bil or in other words 1 trillion 535 billion.

If the US government has that in hands right now I don't know, but all the same, that is just to get the house in order, as the government says, to keep credit flowing. What they don't say is that it was the flow of credit which started all of this in the first place and they expect the people to think that after this bail out everybody will be able to get credit again.

I think not.

Credit in the US will become extremely hard to get after the bail out as these companies will be scrutinized more closely (it is hoped) if they are succesful in their endeavour of getting a helping hand from the government (population).

Best regards,

Steve


http://www.prisonplanet.com/we-have-days-to-stop-the-700-billion-stick-up-and-fascist-power-grab.html


We Have DAYS To Stop the $700 Billion Stick-Up (and Fascist Power Grab)

George Washington’s Blog
Sunday, Sept 21, 2008

Congress hopes to pass the $700 Billion bailout bill by Friday, according to an article in Bloomberg.

In case you haven’t heard, the bill would not only stick up American taxpayers for an additional $700 billion, but would literally give Paulson and the government fascist powers.

Don’t believe me?

Well, as the Bloomberg article notes: “The bill would bar courts from reviewing actions taken under its authority.”

Bloomberg includes the following quotes by people who understand the significance of the bill:



It sounds like Paulson is asking to be a financial dictator, for a limited period of time,” said historian John Steele Gordon . . . .

***

The Bush administration seeks “dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis,” said Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington. “We are taking a huge leap of faith.”



This power grab is so serious that investigative reporter Larisa Alexandrovna calls it “the final stages of the coup“.

We have days to stop this bill. March on Congress. Educate and motivate everyone around you. Do everything you can to prevent this disaster before it is too late.

[Trippin Ninja]

This bailout itself doesn't stop at 700 billion.

Paulson’s draft bailout plans says: “The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time.”

As Chris Martenson writes, “This means that $700 billion is NOT the cost of this dangerous legislation, it is only the amount that can be outstanding at any one time. After, say, $100 billion of bad mortgages are disposed of, another $100 billion can be bought. In short, these four little words assure that there is NO LIMIT to the potential size of this bailout. This means that $700 billion is a rolling amount, not a ceiling.”

[Steve_A]

Hi Trippin Ninja,

Yes, you're absolutely right. The original draft said that. However we must assume that somebody noticed the small print and has sorted that out, for example it's been reported of an agreement to free the funds stage by stage as opposed to all at once.

One of the things that people need to be aware of is that there will/needs to be a retraction of the credit market after the bail out plan is put into place.
You can't bail out a company buying bad loans, just for these companies to return making bad loans. Tere needs to be new restrictions as to who can receive a loan from their bank or mortgage company, wich makes credit harder to get, and consequently less credit available, thus the market should shrink which will hit the bottom line of these big companies.

The government needs to think about what these companies will do once their bottom line goes south. Are they wanting this bail out to take the money and run or are they wanting the bail out to sound out their books and learn to work with less money?

Either wy, the American taxpayer will foot the bill for the bail out, many taxpayers will not be able to get credit once the bail out happens and nobody knows if they will have to re-bail out any companies because of the shrinking market? It's a risky thing to do. Once you leave the flood gates ajar...

Best regards,

Steve


This bailout itself doesn't stop at 700 billion.

Paulson’s draft bailout plans says: “The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time.”

As Chris Martenson writes, “This means that $700 billion is NOT the cost of this dangerous legislation, it is only the amount that can be outstanding at any one time. After, say, $100 billion of bad mortgages are disposed of, another $100 billion can be bought. In short, these four little words assure that there is NO LIMIT to the potential size of this bailout. This means that $700 billion is a rolling amount, not a ceiling.”

[pineal-pilot-in merkabah]

http://www.youtube.com/watch?v=D2aNK86nL0M

great interveiw .. the other parts are on jonses you tube channel

[tacodog]

I had a dream last night that an entity (hologram?) appeared before the Congress. It spoke to all in the House of their disappointment in the direction that mankind had taken. The greed, corruption alone within the House was disturbing. It gave them an ultimatum, they could choose to redirect this path and survive by following the steps provided by the entity; if they did not, then mankind’s destruction would be certain. It said to those who think an underground base will protect them from this destruction, it will not. I believe I chose to dream this because I am praying that Congress make the right decision regarding the Wall Street Bailout.

[Love/Light 13]

tacodog-


The question is who is the entity. Does he/she really exist?? I am starting to doubt that Obama has any kind of backbone to stand up against the establishment. He has not even stood up against his parties support of the bailout plan.


*********

may WISDOM guide COMPASSION

"out of MANY, we are ONE"

[skagandboneman]

Hi, as an 18 year old with a very rudimentary understanding of economics and politics, i am struggling to grasp the conflicting viewpoints on the bailout plan.

basically, my main questions are: the main opposition to the plan seems to center on the carte blanche it would grant paulson to intervene in the economy, but in the current circumstances, could such powers not be necessary? and besides the bailout plan, are there any feasible alternative plans that can be pursued?

i hope someone could help explain these to me

[Steve_A]

Hi skagandboneman,

One of the most interesting alternatives in the bail out plan came from a Latin American immigrant of the US. His idea was to instead of buying all the rotten laons for above price cost, use the same money to giva out as a rebate so that te people who are behind in their payments can get up to date.

That way the big companies won't make a profit from these bad debts.

Last night JP Morgan made an offer for WAMU knowing it will profit from the bad debts, as the goverment bail out plan that was offered allows the government to buy these bad debts at over the top prices.

Do you see how the big boys are already trying to scam the American people? Because it will be YOU footing the bill to put money into JPs' pocket.

Best regards,

Steve


Hi, as an 18 year old with a very rudimentary understanding of economics and politics, i am struggling to grasp the conflicting viewpoints on the bailout plan.

basically, my main questions are: the main opposition to the plan seems to center on the carte blanche it would grant paulson to intervene in the economy, but in the current circumstances, could such powers not be necessary? and besides the bailout plan, are there any feasible alternative plans that can be pursued?

i hope someone could help explain these to me

[Siegfried Bok]

I am a brand-new Dutch member of this forum. [Please forgive me "broken English"]
I was medical scientist [cancer-researcher] and condamned by the medical society already in 1985 after finding the origin of the uncontrolled proliferation of cells, which slowly exhaust our body.
Perhaps it's too absurd for words, but cancer is a natural reactive mechanism in order to survive.
The basic origin of this strange disease is "recycling of internal wast" owing to malfunctioning of one of the organs. This function is taken over by another organ, owing to which it's recieving more nutrients and increase mitosis.
Looking at our worldsociety at that time it theatend me, because all aspects of cancer were present.
Isn't it a general saying that our society is a cancerous one?
What are the interventions in Irak, Afganisthan and other countries more than making metastases?
Strange enough cancer was perfectly described in the doctrine of acupuncture and/or the pentagram of life, which stated that all cycles in the Universe are equal ones. Cancer was said to be "the phase of turning back the cycle" or "recycling".
Without going deeper in detail now about cancer and our cancerous worldsociety related to all cosmic cycles, I can only say that like in cancer the nutricional deficit is increasing during time exactly the same can be seen in economy.[nutrients of the economy is money]
In other words: This economic crisis is a crisis of the termlnal cancer.
What's going on now in the economic world is -like in medicin - a treament of hyperalimentation.
Unfortunately it only has temporary effects.
Firstly the exhausted normal cells recieve some more nutrients, but secondly the cancercells only will dedifferentiate even more. The cancercells will become more powerfull and/or aggressive.
Unfortunately the endresult is even worse.
I feel sorry, but this is my medical point of view.
Siegfried Bok.

[nodrog]

Some person(s) calling themselves/himself 'Twain' posted this on a mailing list I subscribe to. Seems to me to be best overall answer to all these financial problems.

A USA ALTERNATIVE that will provide immediate relief by returning to the people all of their assets, making credit unnecessary, and eliminating all of the house-of-cards phony baloney “markets” that everyone admits is beyond comprehension:

1. Repeal the Federal Reserve Act of 1913. Takes about five minutes to write the statute. This would provide an instant end to the $9 trillion dollar U.S. debt currently owed to the Fed for borrowing our own money that they merely print (that's what the Act actually says). What, you actually thought the country owed $9 trillion to China for making trinkets? Think again. the Fed buys most of the Treasury notes that we have to repay - and they use new money hot off the presses at a cost to them of 4 cents per bill. How do YOU think the country might fare if $9 trillion in debt were wiped out overnight? Would we be flowing in new capital? Our own capital? Rather than the banking cartels flowing in our capital?

2. Repeal the Income Tax Act of 1913 which exists to pay the interest on the debt to the Fed. How would YOU fare with the elimination of withholding from YOUR paycheck?

3. Process (finally) the Articles of Impeachment filed (and still pending) for conspiracy, fraud, unlawful conversion and treason in 1934 by Congressman Louis McFadden, the chairman of the House Banking and Currency Committee, against the Board of Governors of the Federal Reserve Bank, the Comptroller of the Currency and the Secretary of the Treasury.

4. Deliver to every media outlet in the country the following words of the world’s most knowledgeable man on the issue of banking spoken to Congress in 1934: "Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.

"This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.

"Some people who think that the Federal Reserve Banks United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.” (Congressman Louis McFadden 1934)

5. Confiscate the total assets of the Federal Reserve Bank thereby effectively returning all the credit, liquidity and wealth that were stolen from the American people in 1913, 1933, 1964 and 2008.

Imagine that. With the mere stroke of a pen on a single piece of paper, Congress, with or without the President, could effectively:

i - Return all of the people’s wealth.
ii - End the greatest financial scam in history which will otherwise inevitably lead to tyranny, oppression and destruction of world order. iii - Restore the dignity of the American people by abandoning satanic principles such as debt, instant gratification and avoidance of responsibility.
iv - Restore dignity AND SOLVENCY to our children and grandchildren. The deeds to THEIR home should never again call them a TENANT.
v - End the vile satanic Internal Revenue Service scam that has literally destroyed the lives of hundreds of thousands of honest Americans and transferred the wealth of a nation to a private banking cartel.

If you agree with the above, might I suggest circulating it as never this plan as widely as possible? If just one noteworthy media outlet reports on these options, if Ron Paul were to come forth from his cocoom and speak out at this very moment, perhaps the course of events could be changed and your children might be spared enslavement.

It seems that Lincoln had a pretty good solution for funding the civil war. He probably died for being so successful with the money thing. But hey, what would I know?

:winksmiley02:

Regards, nodrog.

[tacodog]

tacodog-


The question is who is the entity. Does he/she really exist?? I am starting to doubt that Obama has any kind of backbone to stand up against the establishment. He has not even stood up against his parties support of the bailout plan.


*********

may WISDOM guide COMPASSION

"out of MANY, we are ONE"

Entity= Devine Intervention, last hope :sad: Obama has to do the political dance, you would think he would pounce on this opportunity, but then, his sponsors might not like that.:sneaky2:

[Richard T]

Imbedded in the video: (http://www.youtube.com/watch?v=-CJMw914Zvk&eurl=http://www.godlikeproductions.com/forum1/message616928/pg1)
you will find a speech made by Marcy Kaptur from Ohio (if I got this right).
The music is unfortunate in my view (I hate it when someones uses tricks like that to touch emotional states over a subject that requires cold headedness) but I found what she had to say interesting.

[Zarathustra]

To everyone - great posts.

I think the fax/phone/email pressure on Congress is having an effect. I strongly encourage everyone to continue contacting not just your congressman and senators, but others as well. They may be spineless greedy bastards for the most part, so let's use that to our advantage. They have elections coming up, and if they are being flooded with messages letting them know that the people are aware of the criminality that has been at work here, they may do the right thing "out of fear".

[DoctorTony]

They're voting to put Al Capone in charge of the vault.

They probably cloned him too. Heck, he might even be the new anti-christ!

:sad:

[Siegfried Bok]

I feel sorry, but I have the idea that here are more intelligent economists than in your gouvernment.
In my humble view this crisis is a structural one.
We live already longtime in a "baken air economy" based on progressive debts.
There is lying the problem. I do'nt know how to say it correctly, but it's like "throwing a sprat to catch a mackerel".
In my humble opinion this crisis will evolve to a deeper one than in 1930.
And looking into history such a deep crisis always ends in war.
It ends in a war , because America never will accept to play "a second violin" in the world.

[Richard T]

Your economy is based on concepts rather than production. Bubbles of inflation and deflation.

In the view of those who benefit, it is pretty well organized, disguised as it is as a free market economy.

Its a one way road at the end of which there is a pit that collects the energy.

And all banking avenues connect to that road.

The problem is this:
So long as the average Joe believes he can manipulate the system to his advantage, seeing the high potential for gains, he will be all for it, until of course he realizes that somebody else got to the string fist.

Then of course, he will praise that somebody else as being a sharp person and admire him, until he realizes his pockets are empty and he can't use the strings, because the strings are moving his arms.

Then he will either get mad or fall prey to despair.

Greed is not exclusive to the elite. They just got there first.

It goes like this.
The poor want the rich to pay for them, and if they win at the lottery, they don't want to pay for the poor.

The ego is a vampire.

[Zarathustra]

I have emailed and called my Senators and Representative at least 12 times, and I encourage all of you to do at least the same, and entreat everyone you know to act as well. This is a POINT, where win or lose, we must let the criminals and traitors in Washington know that we are aware of their treason.

[RaKaR]

Hello all,

It seems that 'they' have found a way of getting out of trouble...on the TaxPayers back. Once again!
( Reference:Mr Benjamin fulford Interview, 6 Sept. 2008;duedate: Sept. 30!)

Regards.
RaKaR
www.futureofmankind.co.uk

[TranceAm]

Well it seems they are robbing the treasury, the last thing scoundrels do.

http://www.breadwithcircus.com/bailout.jpg

From: http://www.breadwithcircus.com/bailout.html


The scheme is actually pretty simple. Please forgive my primitive graphics abilities.
The fund will buy mortgages from the banks at market value, and then re-sell them back to the banks at a discount.
The fund will then repurchase those mortgages from the banks, who will sell them back to the fund again.
The same product (perhaps an ill-advised mortgage for a half-million dollars taken out on a house in the distant
suburbs of Las Vegas) will be bought, then resold, then re-bought and re-resold in an endless spiral of profit-taking.
The taxpayer will lose on every transaction, the banks robbing the treasury each time each mortgage, or
package of mortgages is swapped.

It is amazing to observe the greatest transfer of wealth in history, from Main Street to Wall Street,
from the many to the few. What is even more amazing is that nobody seems to be stopping it.

[Waterman]

The war is not over.

Here is a Monday action item.

Check it out and make a comment.

checke this post.

http://www.projectavalon.net/forum/showthread.php?t=3675

[Seva]

http://i87.photobucket.com/albums/k122/Leetah_2006/captcpsnrj65230908203126photo02phot.jpg

[peaceandlove]

The 700 Billion dollar bailout is a nefarious number, most predictions are it will be closer to 2 Trillion or more.

This was a comment posted at Ron Paul's campaignforliberty.com website today. The new and improved campaignforliberty.com debuts tomorrow. Check it out.

Ron Paul introduced a bill back in June to abolish the Fed. You can search for a copy of it on his website: campaignforliberty.com:trumpet:

COMMENT:
EVERYONE LISTEN UP THE VOTE IS MEANINGLESS. THE FED DOES NOT NEED CONGRESS' APPROVAL. THEY STILL MADE 600 BILLION OUT OF THIN AIR TODAY. THE ONLY THING TO STOP THE FED IS TO ABOLISH IT. IN APRIL 2008 GWB GAVE THE FED TOTAL CONTROLL OVER ALL MONETARY POLICY. WE LOST OUR FREEDOM IN APRIL. SITE MANAGER TELL THESE PEOPLE THE TRUTH. THIS VOTE DOES NOT MEAN A THING. HERE IS A LINK IF YOU DON’T BELIEVE ME. http://www.jbs.org/index.php/jbs-new...ederal-reserve STOP BEING SHEEP.

[zorgon]

Two many threads on the same topic...

So I will just point to this post link

Very important insight :wink2:

http://projectavalon.net/forum/showpost.php?p=36388&postcount=96

[zorgon]

Well it seems they are robbing the treasury, the last thing scoundrels do.

To know that you have to understand MONEY

You really all should take a minute and watch this... a REAL eye opener and should be in every class room

MONEY AS DEBT (http://www.brasschecktv.com/page/135.html)

[TranceAm]

To know that you have to understand MONEY

You really all should take a minute and watch this... a REAL eye opener and should be in every class room

MONEY AS DEBT (http://www.brasschecktv.com/page/135.html)

Thanks for sharing this.
Very educative.

At least it identifies the scoundrels.