Ron Paul says no to bailout.

[DarkReign]

Ron Paul is an idiot that thinks the "Free Market" will solve all. There is no such thing as a free market and never has been. As long as we have to deal with a global market there is no way we can have no government restrictions. His no government policy is dangerous and encourages mass exploitation. We are in the problem we are now in because we had little government oversight to begin with. Less would be that much more dangerous.

And 2cents is only half right this bailout is for the people and for the boards of the finance industry. We're footing their bonuses, but the alternative would be much worse. It would lead to a much worse recession maybe even depression.

Oh ing really?

This "loan" is going to ing kill the dollar...today, tomorrow and into our grandchildren's time. These "illiquid" assets are exactly that. Worth next to nothing, of which the US taxpayer is going to pay nearly 4x market price for.

It will never turn a profit, it will be nothing but a drain on our economy for the next 30 years, if our economy as we know it is even still around by that time.

Will it be a depression? No, it wont. But barring some wonderful technological advancement (like the internet), it will the longest, most severe recession of this country's history.

I personally believe this was planned. Drive the value of the dollar into the ground....purposely. Devalue the buying power of the American people so as they will be capitulant to the coming "economic changeover".

People dont like conspiracies, or tinfoil hats...I can understand that. To an extent. But these same banks (JP Morgan) and ins uions (Federal Reserve) are the same banks and ins utions of the past who have subverted the cons ution to create the Federal Reserve, tried a military coup against FDR, were at the very least cohorts in prolonging the Great Depression and any other myriad of world affairs.

Theyve been mentioned by JFK as a "cabal" who "are interested in the subversive takeover of this country", by Woodrow Wilson as "the greatest mistake I have ever made" and other numerous President's, foreign officials and the like.

So, laugh me off. But when a certain something happens in the next five years (or so), I'll give you a link to a prediction that was made in the 1920s about where this country would be economically in 100+ years. This entire process (big boom, massive illiegitimate credit, big crunch, massive bailouts, ultimate devaluation of the US Dollar, etc) was predicted to a ing tee.

Its not a systemic problem, its a very calculated attack. But again, laugh me off. I probably lost all credibility with this post (if I had any to begin with). Whatever. Im sick of not saying it out loud.

[DarkReign]

"We are grateful to the Washington Post, the New York Times, Time magazine, and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during these years. But the world is now more sophisticated and prepared to march towards a world government which will never again know war, but only peace and prosperity for the whole of humanity. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national autodetermination practiced in the past centuries. It is also our duty to inform the press of our convictions as to the historic future of the century." David Rockefeller 1991

[DarkReign]

"The very word, secrecy, is repugnant in a free and open society, and we are as a people, inherently and historically opposed to secret societies, to secret oaths, and to secret proceedings."

"… there is very grave danger that an announced need for increased security will be seized upon by those anxious to expand its meaning to the very limits of official censorship and concealment. That I do not intend to permit to the extent that it's in my control."

"We are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covet means for expanding its sphere of influence; on
infiltration instead of invasion, on subversion instead of elections, on intimidation
instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly-knit highly efficient machine that combines military, diplomatic, intelligence, economic, scientific, and political operations. Its preparations are concealed, not published. Its mistakes are buried, not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed."

-John F. Kennedy

[DarkReign]

Oh yeah, but Lee Harvey Oswald did it.

Nevermind the same people who tried to usurp FDR were still around....

[101A]

-John F. Kennedy

I think Kennedy was talking about Communism.

Might be wrong.

[Viva Las Espuelas]

So, laugh me off. But when a certain something happens in the next five years (or so), I'll give you a link to a prediction that was made in the 1920s about where this country would be economically in 100+ years. This entire process (big boom, massive illiegitimate credit, big crunch, massive bailouts, ultimate devaluation of the US Dollar, etc) was predicted to a ing tee.

Its not a systemic problem, its a very calculated attack. But again, laugh me off. I probably lost all credibility with this post (if I had any to begin with). Whatever. Im sick of not saying it out loud.

have you read The Forgotten Man?

[DarkReign]

I think Kennedy was talking about Communism.

Might be wrong.

I could see how you would think that, but the entire quote (which I could not find, admittedly, I didnt spend much time looking for it) specifically states "banking cabal".

[DarkReign]

have you read The Forgotten Man?

No, I have not.

[Viva Las Espuelas]

No, I have not.

i'm reading it now. very good and along the lines of what you're talking about. the paperback is about $17.

[DarkReign]

i'm reading it now. very good and along the lines of what you're talking about. the paperback is about $17.

Thanks for the heads up. Seriously.

[Purple & Gold]

Oh ing really?

This "loan" is going to ing kill the dollar...today, tomorrow and into our grandchildren's time. These "illiquid" assets are exactly that. Worth next to nothing, of which the US taxpayer is going to pay nearly 4x market price for.

It will never turn a profit, it will be nothing but a drain on our economy for the next 30 years, if our economy as we know it is even still around by that time.

Will it be a depression? No, it wont. But barring some wonderful technological advancement (like the internet), it will the longest, most severe recession of this country's history.

I personally believe this was planned. Drive the value of the dollar into the ground....purposely. Devalue the buying power of the American people so as they will be capitulant to the coming "economic changeover".

People dont like conspiracies, or tinfoil hats...I can understand that. To an extent. But these same banks (JP Morgan) and ins uions (Federal Reserve) are the same banks and ins utions of the past who have subverted the cons ution to create the Federal Reserve, tried a military coup against FDR, were at the very least cohorts in prolonging the Great Depression and any other myriad of world affairs.

Theyve been mentioned by JFK as a "cabal" who "are interested in the subversive takeover of this country", by Woodrow Wilson as "the greatest mistake I have ever made" and other numerous President's, foreign officials and the like.

So, laugh me off. But when a certain something happens in the next five years (or so), I'll give you a link to a prediction that was made in the 1920s about where this country would be economically in 100+ years. This entire process (big boom, massive illiegitimate credit, big crunch, massive bailouts, ultimate devaluation of the US Dollar, etc) was predicted to a ing tee.

Its not a systemic problem, its a very calculated attack. But again, laugh me off. I probably lost all credibility with this post (if I had any to begin with). Whatever. Im sick of not saying it out loud.

Of course it was planned it's been the plan all along. Ask any honest repub (I know they're hard to find) but they will tell you that a weak dollar is good because it stimulates exports and tourism. Yes this bailout is not a great solution, but it's better than the alternative which would be a strong strong recession maybe even depression.

These huge companies have fleeced the taxpayers once again with their doctoring of the books and giving themselves huge bonuses right before getting bailed out by the taxpayer. Is it right and honest? No. More than likely criminal, but it was breeded by this "free market" "big business" is always right mantra. The country is way to dependent on these banks (and market confidence) that if they were to just be allowed to go belly up then we will be in a much much worse situation. It's basically pick your poison. And the no government intervention is the worst poison possible. It should have been regulated from the get go. Which repubs and free market nutjobs/criminals will never allow.

[Viva Las Espuelas]

Thanks for the heads up. Seriously.

no prob

[DarkReign]

I think Kennedy was talking about Communism.

Might be wrong.

I could see how you would think that, but the entire quote (which I could not find, admittedly, I didnt spend much time looking for it) specifically states "banking cabal".

My bad. He doesnt say "banking cabal". He says "secret societies".



Its the speech that got him killed.