another view of the bailout

[qiphlow]

http://www.infowars.com/?p=6079

[Bär]

That is one weird website. Sorry I didn't have time to wade through that article...the advertising scared me off.

[Darth Rock&Roll]

Think about this kids.

1% of the population controls more than 50% of the wealth.

Of that 1%, about 1% of them control 90% of that wealth.

This amounts to only a few hundred people, who buy simply dumping their stock and liquidating can cause a global catastrophe and in fact, are doing just that. THen they just sit on their wealth while the world goes into panic mode and the desperate get out of hand.

The question, the only question is why? Why are they doing this? Why are the rothschilds, the rockerfellers, the kennedys, and other families who control half of the worlds wealth doing this to the world?

this is where the revolution needs to focus. not on puppet governments who bend to teh will of global bankers such as these.

that's the bigass conspiracy that is really happening in my opinion. we can stop them. lets get off our asses and do so!

[Chris Fleming]

I don't like the conspiracy theories, but isn't this what Bush (and every other politician) is doing? If you question why they want to go to war, they'll call you unpatriotic and say that you will regret it when another 9/11 happens. If you question why we should give free money to failing businesses, they'll say not doing so will cause a great depression. Politics, now more than ever, seems to be done by fear. It is set up that way so you can't question it.

[qiphlow]

it's not that the people can't question it--they obviously do. it's just that the congresspersons are too attached to the way they are percieved. if they are portrayed as being on the "wrong" side of an issue, they will lose votes and their nice comfy job! that's the politics by fear: the congress that is too scared to go against the grain.
and isn't it mighty convenient that the folks in charge of the treasury are former investment bankers? a bit like the fox watching the henhouse, yes?

[Michael]

That is one weird website. Sorry I didn't have time to wade through that article...the advertising scared me off.

The original article is here.
http://rawstory.com/news/2008/Naomi_Kle ... _1118.html

[Chris Fleming]

it's not that the people can't question it--they obviously do. it's just that the congresspersons are too attached to the way they are percieved. if they are portrayed as being on the "wrong" side of an issue, they will lose votes and their nice comfy job! that's the politics by fear: the congress that is too scared to go against the grain.
and isn't it mighty convenient that the folks in charge of the treasury are former investment bankers? a bit like the fox watching the henhouse, yes?

That's what I mean. Anyone can question, but the government doesn't care what people think. You can call them out all day in some protest or on some blog but no one cares. Those opinions that do matter come from congressmen and the like, who are elected officials and have a say. Politics as it is right now is set up so that they are, like you said, in jeopardy of losing their position if they go against the grain.

[chud]

The original article is here.
http://rawstory.com/news/2008/Naomi_Kle ... _1118.html

Excellent article! Naomi Klein makes many of the same points that Catherine Austin-Fitts (former Assistant Secretary of Housing and Urban Development) has been making in her numerous appearances on Coast to Coast AM:

Basically, the system has issued more debt than there is capacity to service that debt, that is why consolidation is occuring (had to occur).

They're not trying to hold things together with this bailout, they're trying to set up a mechanism so that once it falls apart their criminal liablility has been extinguished, and the trail of where the money went has also been extinguished.

With Morgan Stanley and Goldman Sachs being allowed to create bank holding companies, this is a way to use FDIC to finance investment banks' derivative positions through the back door. This will help investment banks raise capital to finance their crazy paper (fraudulent mortgage securities and bum derivatives). The seperation that Glass-Steagal gave us is now gone. This poaching by the investment banks into commercial banking deposits, gives them the ability to gamble.

These bogus investment vehicles (GDO's, SIV's, mortgage securities, derivatives) were created on Henry Paulson's watch and are basically "empty bags" that are going to be piled under a giant "tarp" that will be paid for by you the taxpayer.

The mechanism by which this money from the bailout gets into circulation needs close scrutiny. This bailout virtually creates a fourth branch of gov't in the office of the Secretary of the Treasury, which is an outpost of Goldman Sachs.

That's what I mean. Anyone can question, but the government doesn't care what people think. You can call them out all day in some protest or on some blog but no one cares.

Yep, this whole bailout basically raises the question: Who's in charge, and who are they governing on behalf of? The House and Senate have passed bailout legislation that the majority of the American people were against. There is a real governance issue...are we going to be a republic/democracy, or something centralized like a dictatorship or oligarchy?

[qiphlow]

we are moving toward a government whose functions are carried out by private companies not beholden to the citizens of the USA. and whose few employees will only exist to shell out the bucks for the next contract.

[Darth Rock&Roll]

moving toward?

that's happening now.

small example, 40% of the fighting forces in iraq are private corporation mercenaries employed by teh US government.
The military industrial complex is a bunch of corporations that have the pentagon hooked like a girl and the shopping channel

and finally, one word "lobbyists"

[Interloper]

Isn't that the foundation of fascism? #shudder#

[qiphlow]

moving toward?

that's happening now.

small example, 40% of the fighting forces in iraq are private corporation mercenaries employed by teh US government.
The military industrial complex is a bunch of corporations that have the pentagon hooked like a girl and the shopping channel

and finally, one word "lobbyists"

to be fair, we haven't completely lost the gub'mint to the dark side yet.
and we can thank rumsfeld for the selling off of the pentagon.

[Darth Rock&Roll]

true nuff.

rummy and Cheney have been active in washington since Nixon! YES Nixon!
Anyone think tre's something wrong yet? I mean, the shadow government basically became the government in 2000, no wonder all the creepy shit has happened in the last 8 years.

[Darth Rock&Roll]

you know who should bail out the car companies? the oil companies, that's who.

[qiphlow]

the oil companies are going to cry hardship since oil prices have tanked (hey! nice pun!) lately. but the oil companies ought to get with the car companies for sure.