You’ll be amused.
Ever since this “crisis” broke two weeks ago, I have been convinced there is something out there that our leaders aren’t telling us. And it’s bad news. Exactly what the information is, I don’t know. But, the more I read, I think the clues are there. I now strongly suspect that this was initiated by economic blackmail from one or more foreign central banks. They’ve told Bush they aren’t financing our national debt any more unless we relieve them of the bad mortgages they bought on the American market. That’s where the money is going. Everything else is either a derivative of this, or is just smoke.
I’m betting the revolution doesn’t happen.
Oh, I’d guess we’ll see another bailout before the election. And many in years and decades to come.
I tell you right now, I think Newt should make a comeback and create the New Revolution for the 21st century. We need to get every Republican and every Democrat out of office who voted for this bill.
WHO ELSE?
Arnold wants $7 billion to bail out C-A-L-I-P-O-R-N-I-A.
Right. The woman sounds dead inside.
And Dodd and Frank will continue holding the industry accountable just as they have been. Now, where's that campaign contribution? Transfer it to that account over there. Thank you.
And Wrangel is still Ways and Means chairman. Most ethical congress in history.
There will be no end to this, until we're bankrupted.
I feel like the printing presses must be glowing red hot running continuously 24 hours a day. “Ah-nold” now wants the feds to “loan” him 7 billion to bail out “Kali-forn-ia.”
I’d like to see a new list of legislators and see who flipped. I understand the Congressional Black Caucus flipped after calls from Obama. I guess they are just establishing for him how things are going to be. I’m pretty sure my rep didn’t. If he did, he better not come back to PA.
I don’t think this is going to end well.
LOOK at the Facts.
25billion FORD GMC ..wasn’t enough, need more
30billion BEAR .....wasn’t enough, need more
85billion AIG .....wasn’t enough, need more
138billion LEHMAN...wasn’t enough, need more(they tried to hide that one)
200billion FANNIES...wasn’t enough, need more
300billion dollar house rescue plan Bush signed set to take affect on October 1st.
770billion WHO ELSE? and no one will ask the question,” Will this be the last dollar we have to spend”? ....
...........Because it won’t be. Not even 1 expert witness asked to testify.
Spend $700 billion, 5 percent of our gross domestic product?
.........
NOV 24 1972 1025 DEC 6 1974 577 = DOWN 44 PERCENT.
JAN 14 2000 11722 OCT 4 2002 7528 = DOWN 36 PERCENT.
OCT 12 2007 14093 OCT 5 2008 10325 = DOWN 27 PERCENT.
1929 381 1932 41 = DOWN 90 PERCENT DEPRESSION
We are not anywhere near a depression
..........
FED HAS CREATED 2 TRILLION BUCKS THIS YEAR!!!
MILKEN WENT TO PRISON .... WHO WILL GO THIS TIME?
Take your money before your money is taken. This is the only language and power D.C. will understand. We withdraw 1 trillion out of the stocks and banks and wallstreet will feel enough pain to mend their ways.
ALL YOU FREAKING NEED TO KNOW RIGHT HERE ON THIS GRAPH DOES IT LOOK LIKE ANY WAY POSSIBLE WE WILL GET A DEPRESSION, HELLLL NO!!! LIARS OF THE WALLSTREET CASINO BULLSHEET BAILOUT.
http://finance.yahoo.com/echarts?s=%5EDJI#chart1:symbol=^dji;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
We are at 10000 now, but when the depression hit, we were in the 300s...and it went down to 41.
This is nothing close to a depression.
The Fed and Government can keep injecting and pumping and printing money....and the banks love it. They will continue to hoard the money, causing more panic and wringing more hundreds of billions of free money FROM U.S......because our Government FEARS THEM MORE THAN U.S.
KILL THE BULLSHEET BAILOUT, THEN SHOOT IT IN THE HEAD
Someone posted this:
“Because of what we have viewed as a fragile economy, and a weakening dollar, my husband and I have moved much of our stock portfolio into cash over the past few months – placing that cash in a money market fund at our brokerage firm...........
NAV in our money market fund has fallen below $1, due, in part, to the decrease in value of debt securities issued by Lehman Brothers and held by the fund.........................
Long story short ... as a result, until our funds are redeemed by our brokerage, we will not have access to them for withdrawal or transactions. We were informed that this action is being taken in our best interest ‘in order to limit potential losses’.”
Beat them to the punch.
We must Run ON THE BANKS AND STOCKS.
(
A) When they stop the bailouts we stop our run.
B) When they put folks in jail, like they did Milken, then we start to reinvest.
C) They start bailouts again, OFF TO THE RACES AGAIN.
D) GO TO STEP A.
With this BULLSHEET BAILOUT, unless Congress schedules a vote and says “no” within 15 days of the costs going over 350,000,000, it can go to 700 Billion automatically. This way every congressman can claim “I never voted “for” it to go to 700 Billion. Congress can just not vote at all and it can go to 700 Billion.
If foreign banks bought loans that people are defaulting on, US taxpayers will buy the bad loans from the foreign banks
This Bill Steals Our Money
AMERICA:
YOU Run on the Banks Monday or
the banks run over YOU.
- “what country can preserve it’s liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance?.....
....If the American people ever allow private banks to control the issue of their currency, the banks and the corporations that will grow around them will deprive the people of all their property, first by inflation and then by deflation, until their children wake up homeless on the continent their fathers conquered.” Thomas Jefferson
“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves..I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a ************* revolution before morning.*************”
—Andrew Jackson
4 out of 5 Americans said NO. Our Government said Yes.
WE THE PEOPLE —have finally “UNDERSTOOD THE RANK INJUSTICE OF OUR BANKING SYSTEM”.
It is, as General Jackson said, time for “A REVOLUTION BEFORE MORNING”
1999 -04 CEO of AiG MAURICE HANK GREENBERG 3.6 BILLION net worth!
the Shanghai Composite Index has gone from 6000 to 2000! in
one year!
We are now down from last years Oct highs 33 percent.
The Bailout is not just bad, not just not working, IT IS HAVING THE OPPISITE EFFECT!
STOP THE BAILOUT BEFORE THE BAILOUT STOPS U.S.
MR. PRESIDENT: YOU EITHER STOP THIS BAILOUT OR WE RUN THE BANKS BONE DRY IN ONE DAY.
JAPANESE ARE ALREADY STARTING THEIR RUN. THE JAPANESE MARKET IS DOWN THE MOST SINCE 1987 9 PERCENT IN ONE DAY!
Fed officials said they would buy as much of the debt as necessary to get the market functioning again but refused to say how much that might be. They noted that around $1.3 trillion worth of commercial paper would qualify.
The Treasury Department, which worked with the Fed on the program, said the action was “necessary to prevent substantial disruptions to the financial markets and the economy.”
The Treasury will provide money to the Federal Reserve Bank of New York to support the new program, the Fed said. The money would be separate from the $700 billion financial bailout package.
We must demand NO MONEY TO FOREIGN BANKS!
MORE INFO.........
Look at AIG, it was supposed to be such a good idea, and of course if you were against it, you just didn’t understand.
Well right after that 87 billion bailout, AIG had a big party and spent half a million bucks.AND NOW TODAY, WE HAD TO BAIL THEM OUT AGAIN? WITH ANOTHER 37 BILLION DOLLARS
THE SAME AMOUNT THEY GAVE THE VIPERS AND THIEVES AS BONUS’ L A S T Y E A R!!!
Bloomberg
November 20, 2007
Shareholders in the securities industry are having their worst year since 2002, losing $74 billion of their equity, but that won’t stop Wall Street from paying a record $38 billion in bonuses.
The money, split among about 186,000 workers at Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Stearns, equates to an average of $201,500 per person, according to data compiled by Bloomberg.
The five biggest U.S. securities firms paid $36 billion to employees last year.
RUN THE BANKS DRY BEFORE THE BANKS BLEED U.S. DRY!!!!
Well the DOW is down another 500 P0INTS, time for another Trillion dollars you all....payup.
Remember you just are to dam ignorant to understand why Gobernmint should steal your hard earned money to payoff the bad loans the BANKS made.
The same stinking banks who charge you 100 dollars in “FEES”, when you’re 1 dollar wrong in your calculations.
The same stinking banks who are so worried about peoples CREDIT RATING, unless they think they can loan ‘em millions of dollars.
I wonder what the CREDIT RATING is for the banking industry that needs TRILLION DOLLAR BAILOUTS, and is still in the hole for the 60 trillion dollars of som’in called ..................
>>>>>credit default swaps<<<<<
http://www.godlikeproductions.com/forum1/message628364/pg1
What most people outside of Wall Street and Washington don’t know is that a lot of people who bought these risky mortgage securities also went out and bought even more arcane investments that Wall Street was peddling called “credit default swaps.” And they have turned out to be a much bigger problem.
They are private and largely undisclosed contracts that mortgage investors entered into to protect themselves against losses if the investments went bad. And they are part of a huge unregulated market that has already helped bring down three of the largest firms on Wall Street, and still threaten the ones that are left.
Before your eyes glaze over, Michael Greenberger, a law professor at the University of Maryland and a former director of trading and markets for the Commodities Futures Trading Commission, says they are much simpler than they sound. “A credit default swap is a contract between two people, one of whom is giving insurance to the other that he will be paid in the event that a financial institution, or a financial instrument, fails,” he explains.
“It is an insurance contract, but they’ve been very careful not to call it that because if it were insurance, it would be regulated. So they use a magic substitute word called a ‘swap,’ which by virtue of federal law is deregulated,” Greenberger adds.
credit default swap, ok so we got 60 trillion of them thangs and then we got ourselves 5 0 0 TRILLION OF THESE>>>>>DERIVI -f**KInG- TIVES
Wall Street didn’t listen to Buffett. Derivatives grew into a massive bubble, from about $100 trillion to $516 trillion by 2007
World’s GDPs for all nations is approximately $50 trillion
Total value of the world’s real estate is estimated at about ........................................$75 trillion
Total value of world’s stock and bond markets is more than ........................................$100 trillion
STILL DON’T ADD UP TO 500 STINKIN TRILLION DOLLARS!
and we’re supposed to help bail THAT out.
Boys and Girls, thats like someone trying to go down to the seaSTINKINGfloor with a bucket and try and start bailing out the TIstinkinTANIC!
Opps the DOW is down another 400 stinkin points, START BAILING!
Are any of the talking heads pointing out that ......
since mid february
The Japanese Stock Market is outperforming US.
feb 18...Nikkei.. 7534..dow 7555... Both the same!
feb 23...Nikkei.. 7376..dow 7114
feb 26...Nikkei.. 7457..dow 7182
mar 04...Nikkei.. 7290..dow 6875 Japanese up 400 points
mar 05...Nikkei.. 7215..dow 6594 Japanese up 600 points
..................7173......6626...
Hey I know what we did wrong ....we elected the openly most extreme left wing senator who is also a closet homosexual moslem loving racist AS PRESIDENT.
But, What are the Japanese doing right?
HISTORY REPEATS ITSELF UNLESS THE LESSONS OF THE PAST ARE LEARNED IN THE FUTURE
I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.” —Andrew Jackson,
Iceland’s economy is on its way back. The frozen island on the edge of the Arctic, which had 10 straight quarters of shrinking GDP, is suddenly on a steady run of seven quarters of growth averaging at 2.5% per annum - something that few European countries can boast. Unemployment has fallen to just below 5% and confidence is returning...
http://www.bbc.co.uk/news/world-europe-20936685