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Saturday, October 4, 2008

No matter whose President, the banksters set the rules.



Since the turn of the century, there has occurred throughout the world a major increase in debt and a major decline in freedom. One of the turning points in history was the creation of the Federal Reserve Bank, in 1913, in direct violation of the American constitution (article 1 sec 8 & article 1 sec 10), which has never been changed since. That put a tiger loose in the living room. People complain and bicker over partisan issues, but it's never been about parties as much as it has been about the globalist banksters vs the people in greater debt. In recent news, so as to bring it to the modern time, this 700+ Billion Dollar Bailout is proof that elected officials don't give a flying fuck in a Cat 5 hurricane about the people, they only care about what the banksters want. These are the same politicians who voted on Warner Defense, PATRIOT Acts I & II, telecom immunity/FISA spying and war appropriations. Whether your for or against this bailout plan, one thing is for certain, this bill has hamstrung the next president, no matter who it is. The American dollar has already lost it's reserve currency status around the world. The Bank for international settlements only uses the US dollar for 30% of the basket of currencies used as reserves in it's member banks which include almost every central bank that matters including China. On page 61 of this 451 page bailout plan there is a clause there that actually makes it more difficult for distressed mortgage holders to renegotiate better terms with lenders, what is this next president, most likely Barack Obama, getting himself into?

This is the scenerio:

The point of the bill was to water down the dollar by injecting money into circulation, $1.5 trillion in total to be exact, $630 billion, and then another $850 billion later. That injection of cash is intended to weaken the dollar reducing the impetus to hoard cash. But if credit is truly frozen, and this appears to be true, a constant stream of new cash is gonna be needed to keep the dollar from rising. The more that lending diminishes the more money the fed will have to give away interest free to stave off deflation. We will see in a few weeks if $1.5 trillion even made a difference. If you've been watching the stock market like I have, it hasn't stimulated the desired effect yet.

Concluding thought:



There's nothing in this bailout plan which would stop banks from continuing to engage in the same practices that got them to this point, which is insane. This isn't even closing the barn door once the horses are all out, this is buying new horses and deliberately leaving the barn door open.

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