Tuesday, Jul 29, 2008
Socialism recieves a massive bail out.
Asia Times: Bailout cure worse than disease
With President George W Bush no longer threatening a veto, the subprime mortgage and Fannie and Freddie "bailout" bill was able to sail through the US Congress. In anticipation of its enactment, congress had the foresight to raise the national debt limit to US$10.6 trillion. Who says that politicians don't plan ahead? - Why are they doing this? And increasing national debt in the process? Its because the government can't stand the thought of the useless eaters being able to buy a house on one salary. They can't stand the thought of less being dependent on social housing and benefits, of more being in a position to home school. Of more being able to juggle family life and running a business. So, mortgage company's will be bailed out to ensure that house prices are high enough to enslave us.
20 Comments
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1. it_is_going_with_a_bang said...
This is the whole point. Housing markets and lending is about risk. People should NOT be lent money they cannot EASILY afford to pay back. Anything more is just borrowing money to line the pockets of the bankers and politicians.
Banks lending has quite rightly been pointed at as being far to risky and irresponsible.... and the cure is ..... let them lend money without real risk.
Sounds like a very stupid idea thought up by desperate people. All this is being done by politicians and bankers who don't care about anything other than their short term gain and power which they see as being threatend by the market adjusting naturally.
But the bottom line is that its people that need to be able to afford to borrow and live a life - not banks or politicans.
2. Gotout2006 said...
going-with-bang
planning4acrash
SPOT ON. And also the lenders will only need half the money per property so the money will go further. Have you 2 thought of becoming MPs
3. shipbuilder said...
Except that it won't work - you have to wonder just how powerful and smart the NWO are if this is the best they can do.
Perhaps you can also explain how this is 'socialism' receiving a bail out.
4. planning4acrash said...
If houseprices crash to a level where a family can buy on one salary, the need for housing benefit goes down, taxes go down, people have more time to run their own businesses. More people have time to home school, so education(indoctrination) becomes less necessary. It is just one, but, one of the most significant parts of the corporate/socialist structure, given the quantity of our wages that go into paying for OUR homes.
5. Fjcruiser said...
The US has a free licence to print money simply because the US dollar is equivalent to being the gold standard. If the US stop bailing out the banking, the mortgage, the housing....and so on systems, the whole world would collapse. Who are by far the largest buyers of US Treasuries ? China then Japan. Too much is at stake for these countries and all of us to complain about this mega bail out. On the other side, countries like England and pretty much any other country has to live through the pain of the credit crunch simply because we cannot do what America is doing: print money. Yes the US is lucky that they can do it, and it may benefit us as well in some way otherwise the pain would be even harder.
6. planning4acrash said...
Socialism is maintained by corporate created inflation, so corporations are supported by government to support socialist government. This is corporations and government in league, Corporate Socialism.
7. shipbuilder said...
Except that the last thing corporations support is real socialist government. Listen to any of the heads of the CBI over the last decades.
8. icarus said...
The question is - has there ever been a 'real socialist government'? p4ac mentions 'Corporate Socialism' and I'm sure he'll correct me if I'm wrong but I believe he would just as easily call it 'Corporate Fascism' or 'Statism'. I think he would make little distinction between Bolshevism, Fascism, Roosevelt's New Deal and most of the modern 'democratic' states.
9. planning4acrash said...
Shipbuilder. The only real socialist government, in the way you speak, is libertarian. The government that protects the wealth of the people. That avoids inflation, that stays out of people's lives.
10. harold said...
"The US has a free licence to print money simply because the US dollar is equivalent to being the gold standard. "
Fjcruiser, in your dreams. Do you know what has happened to the price of gold in $s since the US came off the gold standard in the early 70's? It has gone from $32/oz to $900+/oz. Gold is a gold standard, the dollar is a volatile bit of paper that is heading for oblivion.
11. planning4acrash said...
But you are right. "Real socialism", i.e. run for the benefit of the people, does not exist. Socialism is used to run government and corporate programs and agenda's. But even socialism run for the people is anti-people if it is funded by inflation that keeps people dependent and reduces the wealth of the masses. So, a minimised socialist program funded entirely by taxes, that is not inflationary, is better.
12. handle_it said...
Perhaps this is just Social Darwinism and not really controllable to any great extent ? I'm sure many of the ultra elite merely view most of the population as cannon fodder. To that end our existence is perpetually controlled by the mechanisms of nature ?
13. planning4acrash said...
Icarus, I think that I just made up the term, "Corporate Socialism", you are right. I guess that I am suggesting that what we are seeing here is socialism for corporations to keep prices high to sustain socialism. This is a subset of Corporate Fascism and all the other terms you use. But, I just made up the term (or maybe I subconsciously picked it up from somewhere else?). You see, this is what I keep going on about with intuition, and being an individual. You stop parroting, and start thinking for yourself. Do you remember when the media implanted the disinformation term, credit crunch? It wasn't there one day, then the next, it was everywhere, a blatant talking point. Terms like Corporatism are too general to make sense to most people, in most situations.
14. planning4acrash said...
You must remember that Darwin was part of the elite. They plan a new religion, a worship of nature, where, through lies like global warming, humans think themselves less important than the rest of nature. Though control of nature and perception of it, just look at GMO's. HAARP, etc The crazy thing is, that we are told to buy a new car to save the environment. It goes an extra few miles to the gallon, but, the energy used to produce the car is often more than it consumes, and, henry ford created a hemp car early 20th century that was almost indestructible, rust proof, ultra light and 35times stronger than steel. Google video (hemp car ford). WE ARE NOT THE PROBLEM., But we are the solution. Had they put that car into production, we would have hand me down vintage beauty cars from our grandparents.
15. handle_it said...
I'm just suggesting that the genetically weak can moan about the unfairness of nature all they like but in the end it comes down to who successfully manages to mutate their genes into the next generation. At the moment the supa dupa elite are doing quite well. Whatever you believe about the end of the world and how far away it is, or isn't, the fact is one day it will end and at that point we have to have colonized another planet or space station,whatever,or we are extinct. A rather exaggerated example I agree, but I don't think NASA are planning to send up any grunts ! Robots will clean real good by then :o)
16. icarus said...
handle_it - what are you ON?
17. Phdinbubbles said...
They made me do it. Oh, sorry, where did I put my tin-foil hat?
http://en.wikipedia.org/wiki/Tin-foil_hat
18. handle_it said...
What part of natural selection don't you understand icarus ?
19. icarus said...
handle_it - your version
20. handle_it said...
So we as humans are immune from the concept ?