(cough...before I destroy both you...and it...cough)
Posted on 07/10/2010 9:48:52 PM PDT by delapaz
Since the Federal government could potentially inflate away these trillions in Treasuries, buy enough elected officials to force austerity so inflation remains tame. In essence, these private banks and corporations now own the revenue stream of the Federal government and its taxpayers. Neat con, and the marks will never understand how "saving our financial system" led to their servitude to the very interests they bailed out.
The circle is now complete: in "saving our financial system," the public borrowed trillions and transferred the money to private Power Elites, who then buy the public debt with the money swindled out of the taxpayer. Then the taxpayers transfer more wealth every year to the Power Elites/Plutocracy in the form of interest on the Treasury debt. The Power Elites will own the debt that was taken on to bail them out of bad private bets: this is the culmination of privatized gains, socialized risk.
In effect, it's a Third World/colonial scam on a gigantic scale: plunder the public treasury, then buy the debt which was borrowed and transferred to your pockets. You are buying the country with money you borrowed from its taxpayers. No despot could do better.
(Excerpt) Read more at oftwominds.com ...
Brilliant! The banks borrowed TARP money at 5% interest (plus warrants) so that they could buy 3 month T-Bills that currently pay 0.15% interest.
That's how they became the Power Elites/Plutocracy, by flunking out of math class. Moron.
In 1889, Gustave Eiffel began to fit the peak of the tower as an observation station to measure the speed of wind. He also encouraged several scientific experiments including Foucault’s giant pendulum, a mercury barometer and the first experiment of radio transmission. In 1898, Eugene Ducretet at the Pantheon, received signals from the tower.
http://corrosion-doctors.org/Landmarks/eiffel-history.htm
Think of the guys who steal $2500 air conditioners and sell them for scrap for $50. Since their cost was zero, they have $50 profit. The homeowner, OTOH, has a $2500 loss. The TARP, etc, was simply a legal way to do that. Legal, because congress writes the laws.
I'm no fan of anarchists, but one anarchist book had a pretty interesting claim: "There is no moral obligation to follow laws, because laws are written by the powerful to protect the powerful."
Except the paying it back with interest (and warrants) part.
The taxpayer got the bill, with no benefit.
Except for the part about it getting paid back with interest (and warrants) and the benefit of not having the banking system collapse.
Think of the guys who steal $2500 air conditioners and sell them for scrap for $50. Since their cost was zero, they have $50 profit.
Except for the 5% interest cost (plus warrants) for the TARP money.
The TARP, etc, was simply a legal way to do that.
Exactly! A legal way to lend money and save the banking system.
I'm no fan of anarchists
Well you have that going for you.
(cough...before I destroy both you...and it...cough)
Except the paying it back with interest (and warrants) part.
Wow, a living, breathing tool.
Who do you work for? Or does your trust fund pay for your slavish posting endeavors?
Got any openings at Transnational Headquarters Inc?
Interest too complicated for you too?
Yeah, must be.
Who do you work for?
LOL!
It appears summer school is in session.
LOL!
It appears summer school is in session.
I guess if I work for Goldman or the Fed, they’ll suddenly understand how interest is charged on loans.
Math (along with many other things) is hard.
You sound like you hate capitalism and hate america first. Everyone at FreeRepublic knows debt is prosperity and a country is only free and prosperous if they can generate “money” out of thin air.
Everyone knows that you have to listen to the bankers because they are smarter and better than us.
I think I speak for everyone at FreeRepublic when I say we need to respect proper authority and show reverence for those in power who think they are smarter and better than us.
Do you work for Soros or Goldman Sachs?
You are a total tool, but you like to point out how smart you are.
Therefore, you are evil, cause you probably are too smart to be ignorant and say the things you say.
How much are you making off the fleecing and destruction of America and the continued enslavement of the people?
Next to guys like you, you bet.
you probably are too smart to be ignorant and say the things you say.
Simple math still too difficult for you?
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