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32 Comments
- Kayakityak, on 10/01/2008, -0/+29They will keep trying and trying until it passes.
Vote them all out! - theantirobot, on 10/01/2008, -0/+27Both McCain and Obama support the bailout.
Join the 2008 Third Party Movement Facebook group.
http://www.new.facebook.com/group.php?gid=31081407 ... - inactive, on 10/01/2008, -1/+24The bailout is a bad idea and voting for the bailout should be enough reason to be removed from office.
- aliengoods, on 10/01/2008, -0/+20Lame. I mean seriously, when was the last time Ron Paul's predictions concerning the dollar came true? /sarcasm
- marcabminion, on 10/01/2008, -0/+17Cmon we need this bailout passed, so the 3 stooges can go back to printing money!
On second thought, can we have the primary elections again please? (US needs more Ron) - dballagh, on 10/01/2008, -0/+14You took the words right out of my mouth. There's nothing left to be said.
- marcabminion, on 10/01/2008, -0/+12On a serious note.
- National Security Presidential Directive 20/Homeland Security Presidential Directive 51: The President may control and coordinate all three branches of government in the event of catastrophic emergency. Catastrophic emergency is defined as “any incident, that results in extraordinary levels of mass casualties, damage, or disruption severely affecting the U.S. population, infrastructure, environment, economy, or government functions.”
Note "economy" there? Dictatorship here we come. - JDluda, on 10/01/2008, -2/+11 If this bail out plan passes people I really believe this may contribute to end the American Dollar and America as we know it. We are already $10 trillion in national debt caused by the trillions of dollars the Fed. Reserve excessively printed over the years.
I've been studying Bible prophesy since 9/11 and God warned us of this soon to be ONE WORLD GOVT./ONE WORLD CURRENCY to take place. Read Revelations 13v.16. The Federal Reserve(world bankers) are trying to accomplish their goal we must stop them NOW!
Through N.A.F.T.A. the North American Union will merge. Consisting U.S.A., Canad, and Mexico. These elite people who control our banks, and the Council on Foreign Relations and other secret societies will not stop. We have to make an effort people. There is a Bigger Agenda here, there system is full of lies, deceit and corruption!
Here is a video about the soon North American Union it's not made up people this could be our soon future! Sen. Ron Paul has discussed this many times, it is very real.
http://www.youtube.com/watch?v=vuBo4E77ZXo
Also look for on you tube; The North American Union REVEALED(RON PAUL 2008!) - dylanmcdonald, on 10/01/2008, -0/+9Why is it politicians such as Congressman Dr. Paul and Congressman Kucinich just make sense when they speak? Why is it that every time McCain and his running mate open their mouths anger levels in me rise due to the fact that people out there actually find hope within them.
It's funny how all these propagandistic slogans being used such as "Country First" and "Change We Can Believe In" apply more to people actually trying to withhold the powers of the Constitution. *cough* Ron Paul *cough*
Attaboy Ron Paul. Can't wait to write you in come November 4th. - FreedomMaverick, on 10/01/2008, -0/+7Maybe they want to intentionally destroy the dollar so they can convince us we need to go to the AMERO.
- inactive, on 10/01/2008, -0/+6**Special Note ~ A constitutional militia, a distinction recognized by 10 U.S.C. 311(a).
"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in Government." -- Thomas Jefferson
That is when the second shot around the world will be heard too. However, don't think NWO Global Traitors are NOT aware of these factors too. - drh1968, on 10/01/2008, -0/+6Amen
- odigity, on 10/01/2008, -0/+5I wish there was a way to reach a happy ending (permanent prosperity and stability under a constitutional monetary policy) without going through the nightmare of currency collapse, but at this point it's all but inevitable. In which case I'd rather it come sooner than later. No point delaying the inevitable and making it worse. Let's do this while I'm young and can help rebuild.
- inactive, on 10/01/2008, -0/+4Fax this to your worthless representatives as a plan. This just came in from the Constitution Party!
Laws, originally evolving out of the New Deal legislation written in response to the great depression, once protected the American financial system. Starting in the 1990’s, in response to intense lobbying efforts by the financial industry, those laws were stripped away. The most important one was Glass Steagall which separated commercial banking from the type of investment work of a stockbroker. Glass Steagall was signed out of existence in 1999 by President Clinton and less than 10 years later the entire financial system is bankrupt. Another law, known as The Uptick rule, prevented companies from crashing due to large scale shorting of company stock. A company’s stock could not be sold short as long as it was in continuous decline. Short sellers had to wait for an uptick in the stock before shorting. The Uptick Rule ended in 2007 just about one year ago.
The end of the laws protecting the American public from unscrupulous speculators disguised as bankers caused changes in the way our banks do business. The banks decided that simple banking, that is loaning money at interest, was not profitable enough so they began investing in risk paper. This changed them from banks into something akin to casinos. Now that the gamble has finally failed these new casinos are asking the American taxpayer to pick up the tab for their greed and excess.
Now all this risk paper, known in the financial world as “the derivatives market” is collapsing. Derivatives are not stocks or bonds or anything else substantial. They are simply paper derived from other paper such as futures and options. Futures and options are exchange traded derivatives, but the largest group of derivatives is not even traded on the exchanges. These are called “counterparty derivatives” and consist of such things as collateralized debt obligations, mortgage backed securities, and credit default swaps. It is estimated that total derivative exposure of the financial system is between one quadrillion and one and a half quadrillion. A quadrillion is 1000 trillion. To put that in perspective, the entire GDP of all the world’s countries in 2007 was approximately 60 trillion. GDP is basically everything that is produced for sale. The American people are now being asked to shoulder the risk of the entire derivatives market and if they do, 700 billion will prove to be a drop in the bucket.
The rapid increase in the price of fuel during the last year is a good example of the destructive nature of the derivative market. Much of the price increase was due to speculation in futures especially by Goldman Sachs (Henry Paulson’s company) and Morgan Stanley. These companies, it is believed, are responsible for about 50% of the speculative price of oil. What that means is that every time we buy gas we subsidize the parasites who feed off us so they can continue their existence. We are now being asked to accept increased taxes to cover their losses.
Now that this mess has been created, what should be done to resolve it with the least amount of pain for the American People?
1. All failed and at risk financial companies, not just those we constantly read about, should be seized by the F.D.I.C. (Federal Deposit Insurance Corporation) and put into involuntary Chapter 11 Bankruptcy. The money people have on deposit would carry the same FDIC guarantee as before so there would be no need for panic. The Chapter 11 trustee would examine the assets of these institutions and all derivative paper should be discharged in bankruptcy. The American people should not accept one penny of risk for derivative paper. The real assets such as mortgages on residential real estate should be separated and foreclosure should be indefinitely frozen. The at risk mortgages, whether subprime or not, could be written down to the current value of the property and re-amortized for a payment the homeowner could afford. The mortgage could then be returned to the bank for service or referred to Fannie and Freddie if the bank did not survive Chapter 11.
2. The Federal Reserve Banks should be seized by Congress under Article 1 Section 8 of the Constitution. The FED banks could survive as Clearinghouse banks but the Federal Reserve that has robbed the American people for 100 years would cease to exist. The debt owed by the American people to the FED banks would be discharged in bankruptcy. Congress would take monetary policy from the FED and would simply stand in place of the FED through a monetary board. The FED credit computers would be transferred to Congress who would issue new credit (money) because under our present system 97% of all money originates as credit. This new credit would keep the system going and prevent collapse. It could all be done without interest and without debt. The backs of the international banking cartel would be broken forever and the American people through their elected representatives would control monetary policy i.e. money in circulation, interest rates, and credit availability.
3. Glass Steagall and the Uptick Rule should be returned. Speculation in the futures markets of essentials such as fuel, food, and medicine should be banned or at least have a punitive tax say 50% attached.
4. The Chapter 11 Bankruptcy Trustee would immediately move to seize any assets taken by the CEO’s and Boards of Directors from the bankrupt companies during the prescribed time period. No bankruptcy system would allow the CEO of the bankrupt company to keep hundreds of millions as in some of these cases. At the same time, the U.S. Attorney should be directed to examine the process for criminal sanctions where laws have been violated.
In conclusion, this plan would return our monetary system to the American People and ignite a new wave of prosperity and liberty. Every crisis presents opportunities if we only look for them. This is an opportunity for the American people to throw off the yoke of debt bondage that has enslaved them for 100 years and gain direct control of monetary policy through representatives answerable directly to them. No particular philosophy has been respected or spared in this plan. I am more interested in saving the system for the American people than I am in respecting anyone’s philosophy of money or government. This is intended to be a simple, easy to understand, explanation of our banking crisis with a Consitutional solution. - inactive, on 10/01/2008, -0/+3The voice of reason.
Now take it a step farther, "they want to destroy the dollar." This way they can switch to an electronic monetary system where the whole world is encapsulated... Turn people on and off at THEIR will.... It's evil, don't ever fall for it. - inactive, on 10/01/2008, -0/+3Satan's started the music, are you ready to dance !
- Magnolit, on 10/01/2008, -0/+3Please don't vote for this fraud. This also applies to McCain.
- Magnolit, on 10/01/2008, -0/+3Economic chaos will not be an easy situation because if you have economic meltdown, they'll be populist ***** popping up everywhere (like Germany) and we might end up with more regulations in the end. I think the answer is really in education. Therefore I'm grateful for the movement so we can get more people to understand before the ***** really hits the fan
- inactive, on 10/01/2008, -1/+380/20 rule :
80% of what comes out of someones mouth
is directly opposite of what they will do !!
For all of Obama's talk, he's never done anything !!
And will do exactly the opposite of what he says.
United we stand, divided we fall.
Obama win, hello marxism
Obama looses, hello extreme catastrophic divisions.
Either way, America is done !!
Before leaving, all should say thanks for the 30+ years
of twisted worthless PC social experimentation
of the liberal progressives !! - inactive, on 10/01/2008, -0/+2Pelosi, Reid, Dodd, Frank, Kerry etc.....
Will ALL be back in November.
THESE ARE YOUR LEADERS !!!!
I'm coming to believe that if Obama
wins or looses, America's gone. - inactive, on 10/01/2008, -2/+4I really like Obama but his support of this bailout pisses me off.
- inactive, on 10/01/2008, -1/+3I hope the dollar does collapse. Then just maybe a return to Constitutional Monetary Policy that is set forth in the Constitution will prevail! I mean hell its only been since 1913 -
KILL THE FED! - marcabminion, on 10/01/2008, -0/+1Oh ye... game over then.
- EndGamePlayer, on 10/01/2008, -3/+4Their trying to pass this crap through the Senate?
Here's a New Idea- Start emailing this link to local News Stations and News Papers:
Here's why NO ONE wants the Bail Out.
Warning: most of those who watch this get really sick when they see the truth-the others can't stand to watch the truth.
http://video.google.com/videoplay?docid=5547481422 ...
if ANY part of this video is true - politicians and what they want smells of rotten fish.
if that site is busy try searching for "zeigeist" for their website or use the Australian google site on; google.au - inactive, on 10/01/2008, -0/+1I think they have other plans on how to deal with the aftermath..
- inactive, on 10/01/2008, -0/+1This isn't an election. That would imply that we had a choice during the primaries.
- inactive, on 10/01/2008, -0/+1Ron Paul was the answer and they suppressed him. Get ready for the riots.
- markjwyatt, on 10/21/2008, -0/+0Joe Six-Pack supports Ron Paul, and talks about the derivatives bubble:
www.JoeSixPack.me - inactive, on 10/01/2008, -1/+1Thanks for the wishful thinking, you dreamer !
Fiat money = Fiat economy
Oh what a tangled web we weave when first
we practise to deceive" - inactive, on 10/01/2008, -1/+1America went vertical,
and will suck down everybody ! - RogerStrong, on 10/01/2008, -3/+2a) If the bail-out plan doesn't pass, the taxpayers get the bill anyway. Taxpayers are *already* on the hook for the failures of financial institutions. It's possible that the bill will actually be larger without bailout legislation than with it.
b) Canada won't be part of any "North American Union". While the US has been bankrupting itself, Canada has been paying down its debt. It's economy, dollar and job situation and housing market are all strong. It's not going to tie itself to a sinking ship. In fact its quickly expanding trade with *other* countries instead. - aletoledo, on 10/01/2008, -5/+2"God warned us of this soon to be ONE WORLD GOVT./ONE WORLD CURRENCY to take place."
My god promises strippers, perhaps you should change teams.
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