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572 Comments
- tabularassa, on 10/03/2008, -6/+261All your cash are belong to us
- icetigaurus, on 10/02/2008, -30/+234Watch this video for proof:
http://www.youtube.com/watch?v=ONUSxiGN4m4
"Hundreds of billions of dollars are going to bail out FOREIGN INVESTORS. They know it, they demanded it, and the bill has been carefully written to make sure that can happen." - Brad Sherman , D-California. - barbsat, on 10/03/2008, -30/+218Can you say Treason? I knew you could.
- HiKevinRose, on 10/03/2008, -6/+181Thought it was the onion...
- inactive, on 10/03/2008, -21/+155So the truth finally comes to the surface...so was this the real reason about the bailouts? To pay another country because they demanded their loans paid(which they are entitled to do) but the US GOV told the public that it had something to do with a localized issue. What a joke, you Americans are being lied to so often it's unbelievable. This is why they didn't want any oversight of the money because if someone really found out what was going on, people would be really mad.
You also cannot have a war without borrowing money from somewhere. if the money stops, so does the war. go figure. - zlatinb, on 10/03/2008, -18/+139Well, the world has been supporting the US while they lived beyond their means. Payback is a b***h.
- Journeywithinn, on 10/03/2008, -8/+126GREAT!!! CUT US OFF!!! We are overextended, and the fact that somehow we borrowed money from Communists is RIDICULOUS!! We should live within our means. NO EMPIRE and NO martial law!!!
- inactive, on 10/03/2008, -8/+112It's DIGG. Like Fox News, but instead of "We report, you decide," here it's "We sensationalize, you get dugg down for having an opinion outside of the Obama-centrist-conservative-but-pretending-to-be-liberal viewpoint."
- Ferre1, on 10/03/2008, -4/+107I think it's not more than normal that countries like China want their money back. If I borrow money to someone who keeps asking for more without paying back, at a certain point I'll tell them I stop lending them money unless they start paying back the money that they aleardy borrowed. The USA should stop funding their wars and other crap with borrowed money, it's as simple as that. They can not expect the rest of the world to keep giving them money.
- jasonspurlock, on 10/03/2008, -17/+103Something smells. Real bad.
WTF???
I need more info on this. If anyone comes across anything, make sure to add me as your friend and shout the Digg to me. Thanks. - jynweythek, on 10/03/2008, -5/+87wait... is this for real, or just sensationalist *****? I can't tell anymore.
- efice32, on 10/03/2008, -11/+63It's funny how quick diggers are to jump on anything. This is one website reporting this and all of it's "video proof" is the same person. I could make a bunch of videos about how President Bush is an alien and put them on a website...that doesn't make them true. Have some common sense people.
- inactive, on 10/03/2008, -10/+61Master of puppets I'm pulling your strings...........
- diggit08, on 10/03/2008, -10/+58So it's okay not to pay back money because their skin is dark or because their eyes are slanted?
They loaned you money and now want it back. If it was the USA they would demand it back under the threat of sanctions. - ThinkerJB, on 10/03/2008, -11/+54I'll be dugg down, but I'm not buying this. This "article" is way too sensationalist to be credible.
- splitp, on 10/03/2008, -24/+66www.fedupusa.org -- what mass media isn't talking about, but should be
- Waiting2awake, on 10/03/2008, -3/+43That was before the country was sold out to them....with the willing support of your politicians.
The French, historically, have had a great way to deal with out of control politicians... - anonymiau, on 10/03/2008, -1/+40You borrowed money from fascists. Other than that I agree with you.
- EntropyFan, on 10/03/2008, -0/+39While I am quite skeptical of the article, I thought the same thing.
Blackmailing the US?
Did they force us to take loans? - getoffmybridge, on 05/05/2009, -0/+39Someone set us up the loan
- inactive, on 10/03/2008, -1/+39http://en.wikipedia.org/wiki/Guillotine
- Waiting2awake, on 10/03/2008, -1/+38If you stopped borrowing money you would all die, thanks to the manufacturing industry being moved out side of the states... So you'd need more capital just to start making the machinery to make your goods....
I read a story about the Russian collapse of the 90's. The guy wrote that it wasn't that bad, as most stuff was being produced within Russia so that while they had very little - it cost very little to survive. The problems was when they had to get anything produced outside of Russia - that was where the raping happened.
The US isn't that lucky. The US has very little manufacturing left within the States, they import almost all consumable goods and many necessities as well.
That said - Americans have(had?) a great attitude about pulling yourselves up by the bootstraps, digging in, and doing what is required. As long as your "Leaders" haven't removed that fundamental character from Americans, and they stop seeing each other as enemies because of political constructs, this is a monumental time to take back your country and for the first time in many, many decades - you can give your children a free country.
If you are willing to stand and fight. - nick1971, on 10/03/2008, -17/+54Sorry guys but you wanted a free market economy & you wanted no oversight. We live in a global market place. The dollar is weak at the moment because you are carrying 10 Trillion dollars of debt and a trade deficit of 800 Billion dollars. This is before the financial services intervention which your government is pulling together. We (and I live in Germany) are the countries outside of the US are the people who hold this debt and we who now hold slightly less than 50% of the publicly held and publicly traded U.S. Treasury securities, 25% of corporate bonds, and about 12% of U.S. corporate stocks.
Should the US economy undergo a near-collapse as would be the case were no intercession to take place then you only need to read the following document to understand the horrors of this scenario.
http://www.fas.org/sgp/crs/natsec/RL34319.pdf
The intervention which needs to take place is for the market & yes this will mean that some of the debt that needs to be purchased from non US investors. - Gerz1219, on 10/03/2008, -6/+41Shouldn't we kind of pay them back though? From all appearances we sold Monopoly money to China and used the proceeds to buy tanks and abstinence education programs.
- hootie233, on 10/03/2008, -6/+41Holy *****, we're *****!
- iceman0113, on 10/03/2008, -5/+38"I confidently predict the collapse of capitalism and the beginning of history. Something will go wrong in the machinery that converts money into money, the banking system will collapse totally, and we will be left having to barter to stay alive. Those who can dig in their garden will have a better chance than the rest. I’ll be all right; I’ve got a few veg." -Margaret Drabble
- zephyear, on 10/03/2008, -2/+33china is communist in name only
- inactive, on 10/03/2008, -1/+32Can you say "firing squad"?
- zephyear, on 10/03/2008, -12/+43sensationalist *****
- getrealnow, on 10/03/2008, -2/+33dugg for truth
- pradvan, on 10/03/2008, -7/+38Can you say "***** you, two of my go carts blended Soviet Russia in to Crysis"?
- BMNB1tches, on 10/03/2008, -2/+30Who the hell did you think it was for? The "bailout", which is really a government guarantee, is meant to keep loans available to American businesses. Who is in the position to grant or deny these loans? Countries which have been financing your spending spree over the last decade. You have a choice though: have your currency devalued, your credit ruined and your economy crippled because you can't make good on your debt (like what happened in Argentina), or you as a people work hard and pay up to restore international trust in your credit worthiness and your ability to act responsibly on the world stage. Of course that's not really a choice. What you have to decide is what is going to happen to the people who got filthy ***** rich selling you out and how are you going to prevent it from happening again.
- odigity, on 10/03/2008, -11/+39This is not the result of a free market. This is the result of government. We haven't had a free market since before 1913.
- inactive, on 10/03/2008, -4/+31 This is what happens when you let a cartel of international gangsters control your money system. Do you think any of them will have to give up their castles and mansions? Seif, Lazard,Rockefeller,Rothschild, Sassoon, Morgan etc. These are the families that have impoverished us with their criminal debt based ponzi scheme of a money supply.
Here are some of the houses the Rothschilds bought in the past when from controlling Europes debt money.
http://images.google.com/imgres?imgurl=http://z.ab ...
http://www.avenuevine.com/archives/Mouton-Rothschi ...
http://www.linternaute.com/sortir/sorties/musee/vi ...
Who knows what they have bought with Americas spoils. - Laytonx, on 10/03/2008, -1/+26How is it treason to pay China back if in fact you owe them money?
- inactive, on 10/03/2008, -4/+28Agreed. This planet has yet to see true communism.
- zemelo, on 10/03/2008, -4/+27Treason was when Bush borrowed this money from the communists to wage an illegal war. Now you are inverting cause and consequence.
- anonymiau, on 10/03/2008, -4/+25This had to happen. It's incredible that the american people have been letting the government piss away the economy for decades without reacting. Now its most likely too late to avoid a collapse. If I were american I'd go polish my gun.
- then00b, on 10/03/2008, -17/+38Buried as propaganda.
- Jelfish, on 10/03/2008, -1/+21Exactly. This bs is the stuff that justifies wars. Finding a convenient group of people to blame your own problems. Doesn't that sound familiar..
- inactive, on 10/03/2008, -2/+22I wrote a series of articles about this about a week ago.
"Bailout will be followed by Sellout" (to China)
http://futurenewstoday.blogspot.com/2008/09/bailou ...
"Bailout will turn China into economic superpower"
http://futurenewstoday.blogspot.com/2008/09/bailou ... - getrealnow, on 10/03/2008, -4/+24I have this sudden urge to eat Chinese food now.
- keraneuology, on 10/03/2008, -6/+25Did you just now figure this out? Holy crap you people are slow - weren't you paying attention back in the 90s when these foreign loans accelerated? Did it ever occur to you to ask your congresscritter to put a stop to this way back when? Obviously not.
You people have screwed us all. Happy?
Unfortunately you people STILL won't fire Clinton, Kennedy, Dodd, Nancy P, Waterman, Boxer or any of the other artards who could have put a stop to this but didn't. - trdrstv, on 10/03/2008, -2/+20@ rudeboyskunk
Africa has. True communism works for small nomadic tribes where you carry your possessions from place to place and often. In fact, it's the only scenario that makes it work. - Caedus, on 10/03/2008, -2/+20Twisting your minds, smashing your dreams!
- f54280, on 10/03/2008, -3/+20Disclaimer: I am a foreigner.
That being said, I don't understand what is the issue there. The plan calls for the American Treasury to buy back junk securities (and hold them long enough to be sold at a profit later -- ah, ah, fat chance).
Anyway, the point is to say that those securities are not as bad as they are supposed to be. I don't see how they could say that a security hold by an american banks is ok, but the same, hold by a foreign bank would not be ok. That would be:
first: insane
second: against all international rules -- the wto would not be amused that
third: extremely dangerous due to potential retaliation
fourth: plain illegal -- the securities are all the same and you can't segregate against the owner
fifth: stupid, because the cds that guarantee the debt would be auctionned, and, guess what, AIG, aka the american governement, would have to foot the bill anyway.
six: full of loopholes, because american companies could buy the debt from foreign companies and seel them back to the us governement, taking a profit for the transaction
Anybody cares to enlighten me as why it causes such outrage ? - zemelo, on 10/03/2008, -7/+24Unless I'm totally mistaken, Bush borrowed this money from China to finance the Iraq war.
- snoozzell, on 10/03/2008, -14/+31umm... The only way our economy works is with foreign investment. If we only bailout our local investors how likely do you think it is that foreign investors will keep putting their money into america.
It's a global market, which requires a global solution. -
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