Monday, Jul 28, 2008
The bailouts will continue until the robbery is complete
The Telegraph: Fannie Mae and Freddie Mac: Congress backs rescue package
World markets are poised for a major relief rally today after the US Congress met in a rare weekend session to pass the most far-reaching rescue package for America's financial system since Franklin Roosevelt's New Deal.
Posted by sold 2 rent 1 @ 12:37 PM (1088 views) Add Comment
23 Comments
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1. sold 2 rent 1 said...
Orchestrated boom. Orchestrated bust
Wealth robbery and global enslavement into debt
99pc of the population are sleepwalking into chaos
We have been lied to, manipulated, and brainwashed for so long (100s and even 1000s of years) that we wouldn't recognise reality if it punched us in the face
Roll on 2011/2012
2. sold out said...
s2r1
Not sure if you saw this last week, Its a youtube video of Ron Paul discussing the small print of this "the mother of all bailouts"
http://news.goldseek.com/RonPaul/1216926862.php
3. beartil2010 said...
If you go to the official US gov site Ron Paul has his own page, where you have all the transcripts of his speeches, and all of these videos. Very interesting. Sorry can't remember link.
4. handle_it said...
What effect will this move have on the dollar ?
5. whiteknight said...
It is one rule for you. Whatever they want the rules to be for them.
6. Fingerbob69 said...
Dollar dilution by upto $800 billion additional debt should, in theory atleast, send it down, further and faster than the Titanic!
7. sold 2 rent 1 said...
sold out,
I just watched that video of Ron Paul.
I see it was a youtube embedded link.
I normally don't trust youtube as its all conspiraloon rubbish - LOL
For those who can't view it at work, the main points are
- $2.5B line of credit to the Treasury (Fannie & Freddie – ‘F & F’) is now “open-ended”
----- UNLIMITED – Treasury now allowed to buy all ‘F & F’ housing securities
----- Congress no longer involved in appropriating funds (Treasury now does)
- National Debt Ceiling Moved up $800 BILLION (buried in the bill)
- Treasury Bills being exchanged for unwanted ‘F & F’ securities
----- This is the asset which “backs up our currency”
----- Value of these assets are depreciating
----- Treasuries have replaced gold and silver to back US Dollar
- Solution breeds inflation
------ Places pressure on the US Dollar
- Mortgage industry workers “will now have to be fingerprinted.”
- All credit card transactions will now be reported to the IRS.
8. sold 2 rent 1 said...
Look at the last 2 points.
- Mortgage industry workers “will now have to be fingerprinted.”
- All credit card transactions will now be reported to the IRS.
More privacy and freedom being destroyed here. What the f**k?
9. renting2 said...
As a matter of interest, can anyone suppose what would happen if these bail outs did not occur, ie if the governments took a much more laissez faire approach and let the banks fail?
10. beartil2010 said...
I believe the volume of pain is always the same relative to the amount of money/credit being withdrawn; the faster the crash, the more job losses and issues, but the faster the growth returns and things stabilise. That would also precipitate more action from individuals (to save) as institutions alsmot always move slowly.
Bailing these organisations out will just prolong the pain, making it slightly less severe, and cost us more in tax. It's way too late for the government to stop any declines.
11. sold 2 rent 1 said...
The debt-based monetary system, AKA a ponzi scheme, needs to create debt perpetually to survive.
This is a 300 year pyramid scheme on the verge of collapse
What we are seeing here is the setting up of a crash in 2011 that will be the end of money as we know it.
12. drewster said...
s2r1, thanks for highlighting the main points. I'm one of those who doesn't have access to youtube at work.
Interesting to see more power being transferred to the treasury. Current US treasury secretary Henry "Hank" Paulson is former CEO of Goldbag Swags. Plenty of fodder for those of you who like conspiracy theories...
The US is barely a democracy any more, it has become a plutocracy. In the days when wealth was ever-expanding, nobody batted an eyelid; but now that the economy has hit the buffers the people will get restless.
13. sold 2 rent 1 said...
"Plenty of fodder for those of you who like conspiracy theories..."
And for those that DON’T like conspiracy theories…..keep your head buried firmly in the sand and HOPE the recession/depression won't be too bad.
14. James said...
Hmmm. If you're suggesting I have my head in the sand, s2r1, I can only suggest that yours is up your own @rse. Unfortunately, I work for a living, unlike you, so I don't have time to (again) explain to you in simple terms that you could understand if you bothered to read them why a fiat currency 'debt-based' system is not a ponzi scheme. We went through all that a while back and you simply ignored it and said I was a Common Purpose mole. Great argument.
15. drewster said...
James / s2r1,
I'm agnostic on conspiracy theories. My point-of-view is that they might exist, but since there's nothing I can do about them then I can ignore them.
16. sold out said...
s2r1,
"I normally don't trust youtube as its all conspiraloon rubbish - LOL"
good to see that you retain your sense of humour despite being hpc's resident uber-doom-monger.
I must admit i was a little hesitant at posting the link to the youtube vid, as i was expecting the usual barrage from the usual suspects, maybe their all too engrossed in reading the mainstream media lies in the Express etc.
17. sold 2 rent 1 said...
"My point-of-view is that they might exist, but since there's nothing I can do about them then I can ignore them"
This is why most people will ignore these issues until they have been pushed to the point of despair. Only then will CHANGE happen.
18. last_days_of_disco said...
If I was the Chinese I would sell my bonds, they are now being totally diluted and poisoned.
Warm up my nukes, test fire one just to remind the Americans of my will to use them, then SELL everything I could.
19. sold 2 rent 1 said...
This video fits in with this thread nicely
Codex Alimentarius
http://video.google.com/videoplay?docid=5800206429960925518&hl=en
"Having spent the past twelve months investigating Codex Alimentarius, I am deeply disturbed by the almost total lack of awareness (or even interest) with regard to the implications of this pernicious global Commission, particularly amongst those most affected by the excesses of this restrictive legislation. In the words of the National Health Federation[i], the aims and objectives of Codex Alimentarius are as follows: * Only low-potency, “me too” supplements available that will do nothing for your health. * All or most foods genetically-modified. * Beneficial supplements unavailable or sold by prescription only. For many people, this agenda is so outrageous, they cannot believe such goals are achievable; yet this may well be the reality as soon as 31st December 2009, if the Codex Alimentarius Commission continues to disregard input from those who offer a counter perspective to the combined forces of Big Farmer & Big Pharma"
20. Jonny57 said...
I started using this website because i found i informative about the current economic climate but over the last few weeks its been overloaded with cranks
imposing their "cospiracy theory this" and "Goverment cover up that". Its fine to have these points of veiw, but im sure there must be a "roswell" or "area 51" site
that is more you field of intrest. Can we please stay on topic that the economy is starting to meltdown and some of these factors could be benificial to the FTB.
21. Malct said...
re codex alimentarious
Yes this is Ian R Crane's work,
I've told him you've posted the google video
I'm sure he will be pleased to have the exposure, he works really hard to wake up people who want to be.
22. Dbcreed said...
BTW Ron Paul does n't want U.S.A back on Gold Standard.Made this clear in 2007.
23. sold out said...
for those interested here is a good link to more info on the bill including a link to a pdf of the full text of the bill
http://www.doctorhousingbubble.com/crony-capitalism-for-dummies-housing-and-economic-recovery-act-of-2008-how-the-bailout-will-not-help-you-and-cost-you-money-a-deep-look-at-the-694-pages-of-the-bill/