Posted on 09/25/2008 9:45:36 PM PDT by joanie-f
Edited on 09/30/2008 5:17:29 PM PDT by Jim Robinson. [history]
I urge every reader here to take ten minutes out of your day sometime soon and watch this video. Then, if you believe as I do, that it is the most powerful, most truthful exposé available as to the criminal government/Wall Street elements that are behind our current economic meltdown, please send it to as many people as you can.
I know many of you have volunteered, or will be volunteering, to work for the election of McCain-Palin. I will be doing the same. But there is no amount of envelope licking, phone calling, or wearing out of shoe leather that will be able to match the distributing via e-mail of this ten-minute video that fingers the culprits that the media are attempting to keep under wraps. Those culprits are directly involved in this election and the desire to attain the White House and retain control of Congress.
We cannot allow that to happen, and I believe the compilation of facts that this video represents, if placed in the hands of all thinking Americans, will see to it that it doesn't.
In his attempt to explain the causes of this crisis, the President insinuated in his speech of last night that it all started because America’s economy was considered so brilliant that it attracted investors from all over the world. As a result, banks and financial institutions were awash in money, and that state of affairs planted the seed for this debacle. (*choke*)
That is the greatest whitewash of the reasons for this catastrophe imaginable. Either President Bush is completely ill-informed and he believes that tripe, or he is the most blatant liar since Gepetto’s son walked off the woodcarver’s bench.
After the President’s speech, and after I stopped spitting nails, my husband and I watched Brit Hume and his panel on FoxNews offer up a brief analysis.
Charles Krauthammer, who is among my favorite political pundits, opined that the speech was quite good, and that he was surprised that the President spent virtually one-fifth of it attempting to explain the causes of the current crisis – since, in Krauthammer’s opinion, doing so amounts to simply an ‘academic exercise’.
An ‘academic exercise’? To discern what caused this major economic meltdown? Shall we just accept the notion that ‘too much foreign money’ floating around in American banks was the catalyst?
If we don't uncover the reason for this crisis, and determine who was responsible for it, will there be any reform? Or, post-bailout, will the perpetrators eventually continue with business-as-usual? Anyone who has an even rudimentary knowledge of government at any level has the answer to that question at his fingertips.
We are being fed whitewashed reports about the cause of this economic meltdown. If the true perpetrators of this massive criminal undertaking that promises to have devastating effects on the American people for decades to come are not uncovered, removed from power, and punished, there is no hope of realizing the kind of all-encompassing economic and political reform that will be necessary to not only stabilize our economy, but to ensure our very survival as a free republic.
~ joanie
Sounds like an oxymoron...but the fact is, this level of economic thuggery and thievery, aimed at destroying this Constitutional Republic, would have been recognized for the treasonous bastardization that it is, and the abject threat that it is, and would have been handled accordingly.
WOW! That is powerful. Thank You!
thank you very much!!!!!!!!!!!!!!!!
You pretty much summed up the basic points covered in the video. It simply adds references to the research behind your facts.
You also cited the most frustrating aspect of this entire debacle -- the fact that the left was the cause, and yet the left is pointing the finger of blame everywhere but back at themselves -- and the left-leaning media is not only allowing them to get away with it, but in many cases orchestrating the scapegoating.
I thought the President had an excellent chance to use the bully pulpit last night to 'educate' the public about the genuine causes of this meltdown, but, as usual, he got weak-kneed and whitewashed the whole thing.
When I brought that up to people today, many responded with, 'But he can't antagonize them -- he needs them in order to accomplish the bailout.'
That kind of compromise of principle with the forces of evil is precisely why we're facing these terrifying circumstances to begin with.
Thank you so much for the insightful commentary.
~ joanie
Allegiance and Duty Betrayed
Thanks, MarMema.
~ joanie
I never out-right supported him as President as I did for Sen. Thompson or McCain but I would ask him to serve in the cabinet. He’s got this socialist grab down.
This, and the news that the Dems wanted 20% of the $700 billion bailout to go to ACORN is much more than "unsettling".
The Obama campaign, the financial mess, the whole Democrat party, and the mainstream media -- all are one huge bunch of corrupt racketeering scum out to destroy this nation.
Civil discourse is NOT going to deter them.
Let’s make sure GWB doesn’t let it happen. I called my lenders early on Thursday and it was assured to me it was was a fannie/freddie bail. It will damage taxpayers. The ones that bought those securities also reside overseas. It’s smoke and mirrors toward socialism.
Absolutely! Especially since ACORN itself is implicated in playing a role in this debacle.
Even in the midst of this crisis -- one that could play out to be an economic/social catastrophe more divisive and destructive than anything we've experienced on the economic front since the Great Depression (with the potential to be even more chaotic) -- the leftists in congress still have the amassing of power and the implementation of a political agenda on the top of their list of priorities.
Anyone who says that such behavior isn't treasonous has no idea of the definition of the word. Not only is the America economy at risk here -- our national securty hangs in the balance as well.
~ joanie
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.
Throughout the playing out of the sub prime debacle, the crumbling of corporations that were once financial giants, and the ludicrous bailout proposals, we have maintained that stance, continuing to hold precious metals/miners and commodities long-term, but keeping the remainder in cash, which sweeps into the money market account.
A few days ago we received a letter from our online brokerage firm, telling us that the 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’.
We (and millions of other American investors) have been attempting to step back from market speculation during what we determined to be an uncertain economic period (to put it mildly) by putting a significant portion of our savings into what most would consider to be a safe, conservative investment vehicle, and even that decision has been affected by the turmoil.
Which got me to thinking … those who are responsible for the current disaster-in-the-making … just how are they being affected by the results of their corrupt machinations?
The special interest groups that pressured their friends in congress to relax the underwriting standards in order to allow home ownership for people who did not have the financial wherewithal to own a home … are they suffering as much as the ‘average American’ (and the generation to follow) will in bearing the ultimate burden for this travesty?
The members of congress who pressured the mortgage and banking industry to relax the borrowing requirements … are they suffering as much as the ‘average American’ (and the generation to follow) will in bearing the ultimate burden for this travesty?
The financial gurus who got lost in their own importance, and their own power to call the shots while lining their own pockets … are they suffering as much as the ‘average American’ (and the generation to follow) will in bearing the ultimate burden for this tragedy?
My husband and I are only two of tens of millions of Americans whose lives have already been negatively affected. And this recent ‘negative effect’ will prove to be only the tip of a monstrous iceberg.
Today we do not have access to money that we spent a lifetime earning -- money that we placed in what we considered to be a ‘safe’ and liquid location.
Tomorrow, and possibly for the remainder of our lives, we, and tens of millions of our fellow Americans, will be forced to use a large portion of the fruits of our labors in order to pay the debt that was created by an elite group of lobbyists, legislators, and financiers – without our knowledge, and without our approval.
A friend wrote to me the other day, 'I find myself sitting in a high-stakes Texas hold-em game with a lot of chips in the pot that I cannot remember betting.'
And this is just the beginning. Private enterprise is fast becoming nationalized. Enormous financial and political power is being accorded to people in Washington who are unelected by, and unaccountable to, the people.
It is that last paragraph that terrifies me most. The fact that the present and future personal finances of every American are being plundered by an elite ruling class is egregious. But the fact that the United States Constitution is being declared all but irrelevant by the simultaneous swipes of countless bureaucratic pens is a tragedy beyond comprehension.
The days of our existence as a representative republic are numbered, thanks to the ever-increasing power of the governmental, financial, media and academic elite who have no comprehension of the preciousness and fragility of individual liberty, and whose collective sense of allegiance, duty, and integrity could fit into the eye of a gnat.
~ joanie
Allegiance and Duty Betrayed
bump
American changing ping!!! See the video!
Can we just let the anti-bailout mood on both sides work first, and point those well-justified fingers at the Rats later?
I talked to some Rats at the office today, got them good and stoked up about "I hate corporate welfare just like you" and sent 'em off to call Washington.
I don't think I would have done quite as well if I'd spent half an hour telling them the whole mess was their fault.
All over it and shared with my e-mail lists.
BTW folks....
Been reading and listening to other valued sources like Dave Ramsey and such .......comments sought as to worth of the content if ya have time.
Mark to Market
http://www.daveramsey.com/etc/fed_bailout/economic_cleanup_10887.htmlc
Glass Steagall Act
http://www.investopedia.com/articles/03/071603.asp?viewall=1
Stay Safe !
Blatant misuse of a ping list ping...
This is important stuff, folks, as you all know. As I sit here, the thread’s not that long...read it, please.
I pushed that great video all over the place. Thank You!
AMEN! AMEN! AMEN!
INDEED!
INDEED.
OUTRAGEOUS.
And the tip of the
socialist/globalist/Marxist
iceberg.
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