Tuesday, September 30, 2008
Nothing on this Bail out deal will protect you.
First, one must read the article written by Elliot Spitzer JUST before he was taken down by the powers that be. This article details how the Bush administration opened the doors for the mortgage industry to get into this crisis, knowing all along they could pilfer the taxpayers in the end to soak up any losses.Eliot Spitzer Feb 2008 article
Second, we must realize that this whole affair is simply a corporate restructuring. What corporation? The corporation that OWNS the Federal Reserve (it is NOT a US government agency or division). The Federal Reserve is owned by the wealthiest banks in the world, who also in turn own the largest insurance companies in the world, and so much more. Like in 1929, they are set to, and will execute, the US economy if they don't get their way. Haven't you heard the threats already? Think it's not true? What caused the great depression? A run on banks and the stock markets? But what caused that? What happened was the largest banks in the world called in all loans they could on Oct 29, 1929. As all callable loans had to be paid immediately, everyone and their brother had to sell stock, bonds and get their money from the banks to pay these loans, that were all being called in unreasonably on this day. And what did the Fed do? Nothing. It is/was the same people. These are the same people who brought us federal income tax, in the same act that formed the third incarnation of the Fed!Why would the Fed do this? Because for the third time in US history, a president (this time Herbert Hoover) was threatening to end the Federal Reserve. Andrew Jackson once said, when asked what was his greatest accomplishment in his two terms as President, "I killed the Bank." (referring to the second incarnation of the Federal Reserve). Under the US Constitution, only the treasury is allowed to print our money, and although they still print our coins, the Fed is who really controls the US currency, and remember, they are a PRIVATE corporation, whom you will be told no specifics about."Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.”Sir Josiah Stamp - Director of the Bank of England (appointed 1928)Reputed to be the 2nd wealthiest man in England at that time. So once you have looked at these facts, especially the article by and the efforts of Mr. Spitzer, you can see what this is really all about.Hope this helps some to understand.
The Biggest Robbery of the History of our Country.
This bailout's mission is to protect the obscene amount of wealth that has been accumulated in the last eight years. It's to protect the top shareholders who own and control corporate America. It's to make sure their yachts and mansions and "way of life" go uninterrupted while the rest of America suffers and struggles to pay the bills. Let the rich suffer for once. Let them pay for the bailout. We are spending 400 million dollars a day on the war in Iraq. Let them end the war immediately and save us all another half-trillion dollars.
It has everything to do with it. This so-called "collapse" was triggered by the massive defaulting and foreclosures going on with people's home mortgages. Do you know why so many Americans are losing their homes? To hear the Republicans describe it, it's because too many working class idiots were given mortgages that they really couldn't afford. Here's the truth: The number one cause of people declaring bankruptcy is because of medical bills, Medical Bills; unemployment, increase in gas, food, increase on taxes to paid outrageous Government salaries.
And yet, they are screeching about how the end is near! Panic! Recession! The Great Depression! Y2K! Bird flu! Invasion of Undocumented Immigrants! Killer bees! Salmonella, We must pass the bailout bill today!! The sky is falling! The sky is falling!!!!!!!.
Falling for whom? NOTHING in this "bailout" package will lower the price of the gas, the price of food, the Interest rate, you have to put in your car to get to work. NOTHING in this bill will protect you from losing your home. NOTHING in this bill will give you health insurance.