BAILOUT 'BROKEN' , Opportunity Arises From Crisis by out2theblack

REAL WORLD EVENT DISCUSSIONS

BAILOUT 'BROKEN' , Opportunity Arises From Crisis

POSTED BY: OUT2THEBLACK
UPDATED: Friday, September 26, 2008 22:28
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VIEWED: 923
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Thursday, September 25, 2008 7:05 PM

Well , it's been so long since any of these folk did something smart...

Let's hope , soon they'll do something RIGHT !

http://news.yahoo.com/s/ap/20080926/ap_on_bi_ge/financial_meltdown

" WASHINGTON - A Republican rebellion stalled government efforts Thursday to avoid economic meltdown, a chaotic turnaround that disrupted the choreography of an extraordinary White House meeting meant to show joint resolve from the president, the political parties and the presidential candidates. Instead, the summit broke up so bitterly that Treasury Secretary Henry Paulson got on one knee before Democratic leaders in a theatrical attempt to salvage talks. "

Now , if only they can get Paulson to take the other knee...Maybe Barney Frank will rush to be first in line...

Or , perhaps not :

" Frank and House Speaker Nancy Pelosi responded angrily, and Paulson, in an attempt to lighten the mood, got down on one knee, said the sources who spoke on condition of anonymity, like the others, because the conversations were private. "

" McCain's campaign issued a statement saying, 'the plan that has been put forth by the administration does not enjoy the confidence of the American people as it will not protect the taxpayers and will sacrifice Main Street in favor of Wall Street.' "

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Thursday, September 25, 2008 7:20 PM

OUT2THEBLACK

This latest financial 'crisis' was engineered by the Federal Reserve...

A LOT of Folk know this , and a lot of them have been saying so for a good long while...

Here's an analysis that is A YEAR and a Half OLD , that foretells the purposeful destruction of our Economy :

The Federal Reserve Will End in Bank Failure

Lee Rogers

" The general market has been slammed this past week and with it so have gold and silver. The plunge protection team did everything they could this past week to push the gold and silver prices down but again they are fighting a losing battle. I am not the least bit concerned about this recent down turn. I honestly didn’t think we would get another buying opportunity for gold and silver at these levels, but here we are again. The manipulation in the gold and silver markets has become a complete joke. It has become obvious to almost everyone who follows precious metals as to what is going on. The Federal Reserve sees gold and silver as a threat to their defaulted paper promises and use whatever means necessary to ensure gold and silver don’t rise in price. It is really that simple. The plunge protection team has a number of tools at their disposal to keep the gold and silver prices in check but they won’t be able to do it forever. There are too many things going against them. As a result, the Federal Reserve will eventually end up becoming the biggest bank failure in the history of the world. "

``When the offsetting effects of globalization on the prices of manufactured imports and on energy and commodity prices are considered together, there seems to be little basis for concluding that globalization overall has significantly reduced inflation,'' said Bernanke. ``Indeed, the opposite may be true.''

" What a bunch of mumbo jumbo from Bernanke. The real cause of inflation is because the Federal Reserve has gone into default and printed too much money. How much simpler does it get? Of course, the Federal Reserve Chairman’s job is to try to act as smart as possible and confuse everyone as to what the real cause of inflation is. It doesn’t matter if the answer doesn’t make any sense, its more important that it sounds as if it does in order to give the idiocracy crowd confidence that they have the situation under control. Can you imagine what would happen if Bernanke was actually honest? The whole fraud would be exposed and we’d have a global financial meltdown. It is really quite amusing that this is the way it is. Honestly though, should we have any sort of confidence in an organization that sends billions of Federal Reserve Notes into Iraq right in the middle of a war zone? "

" What’s crazy, is that despite what the Federal Reserve has done to inflate the currency to prop up the stock market, it has been an utter failure. The Dow Jones Industrial Average should be half its value if it wasn’t for the Fed’s injection of liquidity over the past six years. It is laughable that the mainstream financial media has sold this myth that the general market was in bull mode for the past few years. The general market has done nothing since the turn of the century. Moving from 10,000 to 12,000 with the amount of liquidity that has been pumped into the system isn’t even treading water."

" One sign of coming trouble is the fact that we are starting to see some problems in the banking sector. It looks as if all of those easy home loans are finally starting to hurt the banks. "

" What we are dealing with here are some severe worldwide financial problems. It is my opinion that the Federal Reserve is going to end up in bank failure and Ben S. Bernanke will be the fall guy for the bank failure. In order to keep the pyramid scheme going, they’ve been forced to increase the money supply exponentially but this has resulted in out of control inflation. They simply cannot continue to do this as more and more countries diversify their holdings out of the USD. The only reason so many countries were in the USD to begin with was because it was backed by gold as a result of the post World War II Bretton Woods agreement. Since that point in time the Federal Reserve printed more Federal Reserve Notes than could be exchanged for gold and they’ve been in default since 1971 when they stopped gold redemption. The USD is now primarily backed through the force of the U.S. military to ensure USD for oil transactions and that’s one of the main reasons why there is so much war mongering going on with Iran. They’ve already setup an oil bourse to trade oil in Euros and rumor has it that Iran is going to make the use of Federal Reserve Notes illegal in their country by March 21st 2007. If this turns out to be true we may see war with Iran sooner than later. If this story turns out to be true, I can’t blame the Iranians for doing it. The United States has been wrongly interfering in the internal affairs of their government since the 1950’s. "

" The U.S. military cannot invade every country in the world and make them accept Federal Reserve Notes. It isn’t going to work that way and that’s why the Federal Reserve will end up as a failed bank. The U.S. is being setup by the banking cartel just like the Nazis were in World War II. They are playing the U.S. off against the rest of the world. Why do you think Rupert Murdoch spreads pro U.S. & pro Iraq war propaganda on Fox News but in other countries his news agencies spread anti-U.S. news? These people need chaos in order to consolidate wealth after they have created the crisis. Needless to say they have created enough chaos with the war in Iraq and Afghanistan as well as implementing open border policy with every 1st world industrialized nation. All of this is being done by design and none of it is good for any one of us. "

http://www.gold-eagle.com/editorials_05/rogers030707.html

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Thursday, September 25, 2008 9:52 PM

FREMDFIRMA

Quote:
Now , if only they can get Paulson to take the other knee...Maybe Barney Frank will rush to be first in line...

Owwie, did you know coffee hurts almost as much as soda when you blow it out your nose laughing ?

Pure win, that turn of phrase.

-Frem

It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it

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Friday, September 26, 2008 4:56 AM

SUCCATASH

You guys should take a look at this little illustration of the fucked up lending industry, pretty interesting:

http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=t
rue&pli=1

"Gott kann dich nicht vor mir beschuetzen, weil ich nicht boese bin."

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Friday, September 26, 2008 5:50 AM

DEADLOCKVICTIM

thanks for that, Tash -

just in case you missed The Daily Show last night - here is a clip that is either very funny or very scary...

under the title "Clusterf#@k to the Poor House"

http://www.huffingtonpost.com/2008/09/26/jon-stewart-bush-bailout_n_12
9588.html

Quote:
"Those who do not study the past get an exciting opportunity to repeat it."

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Friday, September 26, 2008 6:29 AM

RUE

I have a vote and I'm not afraid to use it!

BTW - I sent that 'Nigerian' scam letter to Pelosi, Reid, Boxer, Feinstein (aka Lieberman in a dress), and my representative.

Not that it did any good, I'm sure, but it made me feel better.

Dear American:

I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.

I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transaction is 100% safe.

This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.

Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@treasury.gov so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.

Yours Faithfully Minister of Treasury Paulson

***************************************************************

Silence is consent.

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Friday, September 26, 2008 10:46 AM

DEADLOCKVICTIM

Get Your War On - BAILOUT!!

http://www.236.com/video/2008/get_your_war_on_bailout_1_9145.php

a coffee through the nose piece if ever there was one...

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Friday, September 26, 2008 1:37 PM

FREMDFIRMA

Quote:
"Those who do not study the past get an exciting opportunity to repeat it."

Ain't that what I say prettymuch every day ?

Hell, it's almost a ringer for my sig-line.

-Frem

It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it

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Friday, September 26, 2008 3:09 PM

DEADLOCKVICTIM

yeah, i did think of your tag when i saw that... stewart just put his nonsensical spin on it.. still true either way

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Friday, September 26, 2008 10:28 PM

OUT2THEBLACK

Quote:
Originally posted by Fremdfirma:
Quote:
Now , if only they can get Paulson to take the other knee...Maybe Barney Frank will rush to be first in line...

Owwie, did you know coffee hurts almost as much as soda when you blow it out your nose laughing ?

Pure win, that turn of phrase.

-Frem

Umm , Sorry ! Never tried that coffee-out-the-nose thing so far , but it gives me a shiver just to think about it...

Thanks for sayin'...It's so hard to read the 'audience' 'round here , I could be dyin' or killin' , and never know which...
Nice to have some feedback...

Didja know that Paulson says he has a 'bazooka' in his pocket ?

Not kidding...

' Treasury Secretary Hank Paulson will probably never live down his statement to Congress that, "If you have a bazooka in your pocket, and people know you have a bazooka, you may never have to take it out."

Arnold Schwarzenegger tried this, too, when he said, "To those critics who are so pessimistic about our economy, I say: Don't be economic girlie-men." '

http://www.fool.com/investing/dividends-income/2008/09/23/bad-luck-for
-good-banks.aspx

Yep , I really think Hank wanted to show Barney-boy his 'bazooka'...

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Friday, September 26, 2008 10:28 PM

OUT2THEBLACK

Frickin-frakkin double post...

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