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Let's just sell America off.
- Thread starter PLC1
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Shadow
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that's about it, in a nutshell.
(about selling america off. Not sure who would want to buy it.
. It (US) comes with a LOT Of convoluted "baggage"
Shadow
Well-Known Member
- Joined
- Aug 12, 2008
- Messages
- 302
Breaking News from ABCNEWS.com:
TREASURY SECRETARY HENRY PAULSON FEARS BAILOUT DEAL MAY COLLAPSE; PLEADS WITH DEMS, 'PLEASE DON'T BLOW THIS UP,' ABC NEWS HAS LEARNED
reduced to "begging"??? even for this bandaid measure.
Seems that some are now wondering where the first US "tent cities" will emerge. ( when folks start losing their homes in droves )
Not surprising to note that bush continues to ignore any responsibility for the mess things are in. Waiting for the next shoe to drop in the most retarded , but destructive presidency in world's history. (let alone US history)
TREASURY SECRETARY HENRY PAULSON FEARS BAILOUT DEAL MAY COLLAPSE; PLEADS WITH DEMS, 'PLEASE DON'T BLOW THIS UP,' ABC NEWS HAS LEARNED
reduced to "begging"??? even for this bandaid measure.
Seems that some are now wondering where the first US "tent cities" will emerge. ( when folks start losing their homes in droves )
Not surprising to note that bush continues to ignore any responsibility for the mess things are in. Waiting for the next shoe to drop in the most retarded , but destructive presidency in world's history. (let alone US history)
Shadow
Well-Known Member
- Joined
- Aug 12, 2008
- Messages
- 302
and get used to being OWNED by a few international nations that hold the US "chips" now. America is NOT free. and will not be free/ independant as long as it is under such pronounced debt. Heck. it is not even in a bargaining position.........let alone able to deal from a position of strength.
Hmm. Maybe the only solution is to divie up the US between those the US owes money to, and base the quantity of the share on the amount owned. That way ,China would most likely get the largest portion.
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Shadow
Well-Known Member
- Joined
- Aug 12, 2008
- Messages
- 302
The Creation of the Second Great Depression
By Ron Paul
25/09/08 "Lew Rockwell" -- - Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.
The events of the past week are no exception.
The bailout package that is about to be rammed down Congress’ throat is not just economically foolish. It is downright sinister. It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect. It promises the American people a never-ending nightmare of ever-greater debt liabilities they will have to shoulder. Two weeks ago, financial analyst Jim Rogers said the bailout of Fannie Mae and Freddie Mac made America more communist than China! "This is welfare for the rich," he said. "This is socialism for the rich. It’s bailing out the financiers, the banks, the Wall Streeters."
That describes the current bailout package to a T. And we’re being told it’s unavoidable.
The claim that the market caused all this is so staggeringly foolish that only politicians and the media could pretend to believe it. But that has become the conventional wisdom, with the desired result that those responsible for the credit bubble and its predictable consequences – predictable, that is, to those who understand sound, Austrian economics – are being let off the hook. The Federal Reserve System is actually positioning itself as the savior, rather than the culprit, in this mess!
* The Treasury Secretary is authorized to purchase up to $700 billion in mortgage-related assets at any one time. That means $700 billion is only the very beginning of what will hit us.
* Financial institutions are "designated as financial agents of the Government." This is the New Deal to end all New Deals.
* Then there’s this: "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." Translation: the Secretary can buy up whatever junk debt he wants to, burden the American people with it, and be subject to no one in the process.
There goes your country.
Even some so-called free-market economists are calling all this "sadly necessary." Sad, yes. Necessary? Don’t make me laugh.
Our one-party system is complicit in yet another crime against the American people. The two major party candidates for president themselves initially indicated their strong support for bailouts of this kind – another example of the big choice we’re supposedly presented with this November: yes or yes. Now, with a backlash brewing, they’re not quite sure what their views are. A sad display, really.
Although the present bailout package is almost certainly not the end of the political atrocities we’ll witness in connection with the crisis, time is short.>>>>>>>>>>
source: http://www.informationclearinghouse.info/article20862.htm
sigh: the writing was in the tea leaves for some time now. Turning this into a crisis is just adding insult to injury.
By Ron Paul
25/09/08 "Lew Rockwell" -- - Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.
The events of the past week are no exception.
The bailout package that is about to be rammed down Congress’ throat is not just economically foolish. It is downright sinister. It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect. It promises the American people a never-ending nightmare of ever-greater debt liabilities they will have to shoulder. Two weeks ago, financial analyst Jim Rogers said the bailout of Fannie Mae and Freddie Mac made America more communist than China! "This is welfare for the rich," he said. "This is socialism for the rich. It’s bailing out the financiers, the banks, the Wall Streeters."
That describes the current bailout package to a T. And we’re being told it’s unavoidable.
The claim that the market caused all this is so staggeringly foolish that only politicians and the media could pretend to believe it. But that has become the conventional wisdom, with the desired result that those responsible for the credit bubble and its predictable consequences – predictable, that is, to those who understand sound, Austrian economics – are being let off the hook. The Federal Reserve System is actually positioning itself as the savior, rather than the culprit, in this mess!
* The Treasury Secretary is authorized to purchase up to $700 billion in mortgage-related assets at any one time. That means $700 billion is only the very beginning of what will hit us.
* Financial institutions are "designated as financial agents of the Government." This is the New Deal to end all New Deals.
* Then there’s this: "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." Translation: the Secretary can buy up whatever junk debt he wants to, burden the American people with it, and be subject to no one in the process.
There goes your country.
Even some so-called free-market economists are calling all this "sadly necessary." Sad, yes. Necessary? Don’t make me laugh.
Our one-party system is complicit in yet another crime against the American people. The two major party candidates for president themselves initially indicated their strong support for bailouts of this kind – another example of the big choice we’re supposedly presented with this November: yes or yes. Now, with a backlash brewing, they’re not quite sure what their views are. A sad display, really.
Although the present bailout package is almost certainly not the end of the political atrocities we’ll witness in connection with the crisis, time is short.>>>>>>>>>>
source: http://www.informationclearinghouse.info/article20862.htm
sigh: the writing was in the tea leaves for some time now. Turning this into a crisis is just adding insult to injury.
