Some of the biggest firms in America that wouldn't lend money to the single mom with children trying to go to school, the person with a good job but a worsening credit because he was trying to pay for that surgery that saved his child's life, the first time business owner who had gotten vandalized by criminals, the mom and pop shops across the country that have felt the stiffening rises in prices and are just trying to get what political donating corporations get: A BAILOUT...these same people are the taxpayers who will be bailing out the fatcats on wallstreet, with CEO compensations in the millions of dollars, talk about a slap in the face.
When will the American people realize that their government doesn't care about them...why are they paying taxes to support a war that was based on a lie? (right now Wesley Snipes is looking like a Hero to me lol). These corporate fatcats are masters at creating profits from OPM (other people's money, especially taxpayer money.) Now those same big bankers and financiers, after victimizing the world's financial markets with fraudulent real estate derivatives that will create multiple trillions worth of losses after dumping hundreds of billions in profits from fees, commission and spreads into their filthy pockets, want to pass the losses suffered through their implementation of that scheme right back unto the taxpayer.
Sometimes I think a blackman is being used to help stimulate an otherwise dead electoral process, the historical aspect of it is what's stimulating the american populace with a hope-powered platform, and now a female vice-presidential running mate alongside senator Mccain to help make up for the hillary-hysteria, it all sometimes has the makings of a very well crafted show. Sure I've supported Obama (read a transcript of the last debate between Mccain and Obama, and reading it will show you more revealingly how much more intelligent Obama is). But all hype aside...the whole showdown is a hoax...a game...a joke, and I'll tell you why.
The key nations of the world will all need to be on roughly the same socio-political page when the attempt to implement a one world government and an Orwellian world police state is finally made. You see, the American financial system is being broken on purpose. The conflicts in the world are all staged events to help fuel the military-industrial complex, and acts of terror are used to scare once freedom-loving people into giving up their constitutional rights. Picking the next president will have nothing to do with how fast or how slow these plans go into effect, make no mistake each of the puppet presidential incumbants work for the same master, notice how each of the candidates voted for the corporate bailout, ah ha!
What many of you don't know is that these big banks like JP Morgan Chase and Bank of America were buying up and absorbing companies like Bear Stearns, Merrill Lynch, Countrywide and Washington Mutual, seemingly without fear because all the fatcats running these big banks were told in advance that the Bailout Plan would be slam-dunked down the throats of our Congress by the current administration, it may be stalled for now...but when the smoke clears they will have made trillions, with the bailout, they will be positioned by the laws and regulations that have always served the interests of the rich, not the poor.
The Bailout Plan will start with $700 billion, and end up being $7 trillion (plus) as they extend the bailout to include not only real estate derivatives but credit default swaps and interest rate swaps as well. The average family of four gets a stimulus check for $1,200 from their government, and then they pay out 8 times that much back to their government, almost $10,000, just for the opening volley on the Bailout Plan as initially proposed, not to mention the Fannie and Freddie bailout, which will also cost roughly the same, just for openers. Twelve hundred for you, ten thousand for them. This will create a hyperinflationary recession and a Very Large Depression that will make the 1930's look like a cake-walk, while simultaneously removing any remaining pretense of free and open markets.
The Bailout is merely a ploy to sustain American confidence in its institutions, while markets look like their getting a parachute, government itself will move in and take control of private sector giants right before an election. Let's now take a look at the new financial landscape in the aftermath of the initial carnage of the derivative debacle and credit-crunch. We are left with the Fed as overseer of the Big Four. Who are The Big Four? First, there is JP Morgan Chase, which bagged and tagged Bear Stearns with help from the Fed and Treasury and which just rescued Washington Mutual, preventing the FDIC from being wiped out in by far the biggest bank failure in US history. Next is Bank of America, which went bonzai for toxic waste dumps Merrill Lynch and Countrywide in buyouts that are certain to come back to haunt them. Rounding out the pack are Goldman Sachs and Morgan Stanley, who just became bank holding companies, abandoning their investment bank status for the stability of a commercial bank, but with far less leverage. The government now runs it all...
The Paulson plan for the bailout, as originally presented on Sept. 20th, would have bailed out the institutions holding mortgage derivatives without doing anything about the underlying homes or adequately protecting the taxpayer, who would have been taking the risk without potential for reward. It failed to pass the senate floor before the jewish holiday because Paulson delivered a three-page legislative proposal requesting $700 billion from Congress. A year-end spending bill now before Congress providing more than $600 billion for three federal agencies runs more than 1,000 pages, this guy might have had a green light on getting the money but that doesn't mean you shouldn't come more prepared, a 3 page proposal is ridiculous. But make no mistake about it...they will revamp the paper-work and still get their money.
While all this is happening...you can expect to see clips like these ones on CNN and on other news-stations in full rotation...while real problems are happening...they are feeding you electoral political nonsense.
"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." Henry Ford
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