but can you please give me 1 example of a debt based currency thats been a success?
Unsettling american economic bail out bill
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[KMA]Avenger
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Re: Unsettling american economic bail out bill
likewise
but can you please give me 1 example of a debt based currency thats been a success?
but can you please give me 1 example of a debt based currency thats been a success?
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Re: Unsettling american economic bail out bill
sorry for the double post, BUT...
Bush & McCain Blackmail America With Economic Terrorism
Ferocious fear-mongering rhetoric, possible cancellation of presidential election as financial terrorists threaten Americans with chaos unless power-grabbing bailout bill is passed
Paul Joseph Watson
Thursday, September 25, 2008
From shying away from even mentioning such terms as “recession,” “unemployment” or “bank failures,” Bush, Bernanke and Paulson are now vigorously invoking the fear of financial meltdown as part of a campaign of economic terror to blackmail the American people into accepting the power-grabbing “bailout,” while John McCain, who last week said the fundamentals of the economy are strong, is now all but threatening to cancel the election should the proposal not receive swift passage.
Bush’s speech last night was a throwback to his March 2003 stump before the invasion of Iraq - replace words like “weapons of mass destruction” with “financial panic” and the tone of the two is not dissimilar.
Bush rammed home the fear by appealing to people’s personal anxieties.
“More banks could fail, including some in your community. The stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet. Foreclosures would rise dramatically,” barked the President.
“And if you own a business or a farm, you would find it harder and more expensive to get credit. More businesses would close their doors, and millions of Americans could lose their jobs.”
Bernanke and Paulson spewed similar rhetoric during Tuesday’s Senate Banking Committee meeting. Compare their dire proclamations with their outright refusal to even entertain the notion of a recession as little as seven months ago.
Now Paulson tells us that people “should be scared” and that the only solution is for taxpayers to foot the bill to the tune of $700 billion dollars - a number we now learn was simply pulled out of thin air by the Treasury - while the Federal Reserve swallows up all manner of new regulation powers.
It seems that almost overnight these three stooges have gone from behaving like sedated zombies to end-times doomsayers.
Furthermore, John McCain, the man who as recently as last week proclaimed that “the fundamentals of the economy are sound,” is now canceling presidential debates, and some fear greasing the skids for the postponement of the presidential election itself, by insisting he and Obama “return to Washington” in order to put their weight behind the bailout.
As the George Washington Blog notes, McCain is basically implying, “Vote for the bailout or I’ll pull out of the election”.
The financial terrorism being perpetrated by Bush, McCain, Bernanke, Paulson and the rest of these criminals in threatening Americans with unbridled chaos unless they acquiesce to political demands, and the coordinated ferocity with which it is being delivered, is necessary for the crooks because they are desperate to get the bailout passed before Congress really has a chance to digest exactly what it stands for.
This is what’s called the “shock doctrine,” the accelerated passage of what is essentially dictatorial legislation without proper scrutiny by means of exploiting a temporary state of fear.
This is not just about $700 billion of taxpayers’ money and the continued sacking of the dollar, it’s about the imposition of a giant new infrastructure of control and regulation on behalf of the private, run for profit, Federal Reserve.
Bush even alluded to it last night, stating that Paulson’s bailout would mean the “Federal Reserve would be authorized to take a closer look at the operations of companies across the financial spectrum.”
But this is merely scratching the surface. As Sen. Jim Bunning, R-Ky., said, “This massive bailout is not a solution. It is financial socialism and it’s un-American.” In fact properly defined, one could label it “national socialism,” otherwise known as fascism.
As professor of economics at New York University Nouriel Roubini framed it, welcome to the United Socialist States of America and “the most radical regime change in global economic and financial affairs in decades”.
The plan was drawn up months ago, lying in wait for the right crisis to see it enacted, just as the Patriot Act was prepared well in advance of 9/11.
The Treasury’s fact sheet about the bailout states, “The Secretary will have the discretion, in consultation with the Chairman of the Federal Reserve, to purchase other assets, as deemed necessary to effectively stabilize financial markets.”
This gives the government and the Federal Reserve carte blanche to do whatever they want to long as it is done in the name of stabilizing financial markets, they can nationalize any company or industry and use taxpayer money, above and beyond the initial $700 billion, for whatever purpose is deemed necessary, without any oversight. Paulson’s bailout plan is also unreviewable by any court, it will remain in perpetuity.
Paulson’s draft bailout plans says: “The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time.”
As Chris Martenson writes, “This means that $700 billion is NOT the cost of this dangerous legislation, it is only the amount that can be outstanding at any one time. After, say, $100 billion of bad mortgages are disposed of, another $100 billion can be bought. In short, these four little words assure that there is NO LIMIT to the potential size of this bailout. This means that $700 billion is a rolling amount, not a ceiling.”
“The bill would bar courts from reviewing actions taken under its authority,” reports Bloomberg.
The Bush administration seeks “dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis,” said Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington. “We are taking a huge leap of faith.”
“It sounds like Paulson is asking to be a financial dictator, for a limited period of time,” said historian John Steele Gordon.
Reporter Larisa Alexandrovna calls it “the final stages of the coup,” noting, “This manufactured crisis is now to be remedied, if the fiscal fascists get their way, with the total transfer of Congressional powers (the few that still remain) to the Executive Branch and the total transfer of public funds into corporate (via government as intermediary) hands.”
The legislation would provide billions to foreign central banks in addition to private foreign banks.
The proposed move represents a total shift of U.S. taxpayers’ funds into the hands of powerful private interests, some of which do not even represent American companies.
The bailout bill represents the most fascist centralization of power in America since 9/11 and the Patriot Act - and many would argue that it even trumps that. The fiscal terrorists hope to ram through their agenda by appealing to people’s fears about the economy, their jobs, their houses and their pensions. But the temporary pain brought on by a Wall Street crash and a severe recession would be nothing compared to the long term death knell that the bailout bill would mean to the free market and economic liberty in America.
my input is this, the worlds reserve currency (the dollar) is a dead duck and you americans better prepare for the ramming down your throats of the Amero!
we ARE living in a time of state and banking control over our lives (fascist germany ring a bell people?) and i cannot understand how people cannot and refuse to see these people for what they are, fascist socialist dictators.
1 sure way to recognize a fascist socialist dictator is when they tell you their way is the ONLY way...
do you have a choice in what the government does? i know i don't because i and MANY brits don't want to be part of the EU and we demand a referendum on the subject and the powers that be refuse to give it to us (even tho they have promised it to us when they ran for office) because they know we don't want it and will vote against it. they also ignored the people when they demonstrated against the war, and wouldnt even debate the matters with the people...
i submit to you that we are living in a totalitarian regime when a government ignores the people and NOBODY can argue against that, if you try to argue against that logic then you show your ignorance or you show your support for a dictatorship, which is what we are living in.
Bush & McCain Blackmail America With Economic Terrorism
Ferocious fear-mongering rhetoric, possible cancellation of presidential election as financial terrorists threaten Americans with chaos unless power-grabbing bailout bill is passed
Paul Joseph Watson
Thursday, September 25, 2008
From shying away from even mentioning such terms as “recession,” “unemployment” or “bank failures,” Bush, Bernanke and Paulson are now vigorously invoking the fear of financial meltdown as part of a campaign of economic terror to blackmail the American people into accepting the power-grabbing “bailout,” while John McCain, who last week said the fundamentals of the economy are strong, is now all but threatening to cancel the election should the proposal not receive swift passage.
Bush’s speech last night was a throwback to his March 2003 stump before the invasion of Iraq - replace words like “weapons of mass destruction” with “financial panic” and the tone of the two is not dissimilar.
Bush rammed home the fear by appealing to people’s personal anxieties.
“More banks could fail, including some in your community. The stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet. Foreclosures would rise dramatically,” barked the President.
“And if you own a business or a farm, you would find it harder and more expensive to get credit. More businesses would close their doors, and millions of Americans could lose their jobs.”
Bernanke and Paulson spewed similar rhetoric during Tuesday’s Senate Banking Committee meeting. Compare their dire proclamations with their outright refusal to even entertain the notion of a recession as little as seven months ago.
Now Paulson tells us that people “should be scared” and that the only solution is for taxpayers to foot the bill to the tune of $700 billion dollars - a number we now learn was simply pulled out of thin air by the Treasury - while the Federal Reserve swallows up all manner of new regulation powers.
It seems that almost overnight these three stooges have gone from behaving like sedated zombies to end-times doomsayers.
Furthermore, John McCain, the man who as recently as last week proclaimed that “the fundamentals of the economy are sound,” is now canceling presidential debates, and some fear greasing the skids for the postponement of the presidential election itself, by insisting he and Obama “return to Washington” in order to put their weight behind the bailout.
As the George Washington Blog notes, McCain is basically implying, “Vote for the bailout or I’ll pull out of the election”.
The financial terrorism being perpetrated by Bush, McCain, Bernanke, Paulson and the rest of these criminals in threatening Americans with unbridled chaos unless they acquiesce to political demands, and the coordinated ferocity with which it is being delivered, is necessary for the crooks because they are desperate to get the bailout passed before Congress really has a chance to digest exactly what it stands for.
This is what’s called the “shock doctrine,” the accelerated passage of what is essentially dictatorial legislation without proper scrutiny by means of exploiting a temporary state of fear.
This is not just about $700 billion of taxpayers’ money and the continued sacking of the dollar, it’s about the imposition of a giant new infrastructure of control and regulation on behalf of the private, run for profit, Federal Reserve.
Bush even alluded to it last night, stating that Paulson’s bailout would mean the “Federal Reserve would be authorized to take a closer look at the operations of companies across the financial spectrum.”
But this is merely scratching the surface. As Sen. Jim Bunning, R-Ky., said, “This massive bailout is not a solution. It is financial socialism and it’s un-American.” In fact properly defined, one could label it “national socialism,” otherwise known as fascism.
As professor of economics at New York University Nouriel Roubini framed it, welcome to the United Socialist States of America and “the most radical regime change in global economic and financial affairs in decades”.
The plan was drawn up months ago, lying in wait for the right crisis to see it enacted, just as the Patriot Act was prepared well in advance of 9/11.
The Treasury’s fact sheet about the bailout states, “The Secretary will have the discretion, in consultation with the Chairman of the Federal Reserve, to purchase other assets, as deemed necessary to effectively stabilize financial markets.”
This gives the government and the Federal Reserve carte blanche to do whatever they want to long as it is done in the name of stabilizing financial markets, they can nationalize any company or industry and use taxpayer money, above and beyond the initial $700 billion, for whatever purpose is deemed necessary, without any oversight. Paulson’s bailout plan is also unreviewable by any court, it will remain in perpetuity.
Paulson’s draft bailout plans says: “The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time.”
As Chris Martenson writes, “This means that $700 billion is NOT the cost of this dangerous legislation, it is only the amount that can be outstanding at any one time. After, say, $100 billion of bad mortgages are disposed of, another $100 billion can be bought. In short, these four little words assure that there is NO LIMIT to the potential size of this bailout. This means that $700 billion is a rolling amount, not a ceiling.”
“The bill would bar courts from reviewing actions taken under its authority,” reports Bloomberg.
The Bush administration seeks “dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis,” said Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington. “We are taking a huge leap of faith.”
“It sounds like Paulson is asking to be a financial dictator, for a limited period of time,” said historian John Steele Gordon.
Reporter Larisa Alexandrovna calls it “the final stages of the coup,” noting, “This manufactured crisis is now to be remedied, if the fiscal fascists get their way, with the total transfer of Congressional powers (the few that still remain) to the Executive Branch and the total transfer of public funds into corporate (via government as intermediary) hands.”
The legislation would provide billions to foreign central banks in addition to private foreign banks.
The proposed move represents a total shift of U.S. taxpayers’ funds into the hands of powerful private interests, some of which do not even represent American companies.
The bailout bill represents the most fascist centralization of power in America since 9/11 and the Patriot Act - and many would argue that it even trumps that. The fiscal terrorists hope to ram through their agenda by appealing to people’s fears about the economy, their jobs, their houses and their pensions. But the temporary pain brought on by a Wall Street crash and a severe recession would be nothing compared to the long term death knell that the bailout bill would mean to the free market and economic liberty in America.
my input is this, the worlds reserve currency (the dollar) is a dead duck and you americans better prepare for the ramming down your throats of the Amero!
we ARE living in a time of state and banking control over our lives (fascist germany ring a bell people?) and i cannot understand how people cannot and refuse to see these people for what they are, fascist socialist dictators.
1 sure way to recognize a fascist socialist dictator is when they tell you their way is the ONLY way...
do you have a choice in what the government does? i know i don't because i and MANY brits don't want to be part of the EU and we demand a referendum on the subject and the powers that be refuse to give it to us (even tho they have promised it to us when they ran for office) because they know we don't want it and will vote against it. they also ignored the people when they demonstrated against the war, and wouldnt even debate the matters with the people...
i submit to you that we are living in a totalitarian regime when a government ignores the people and NOBODY can argue against that, if you try to argue against that logic then you show your ignorance or you show your support for a dictatorship, which is what we are living in.
Infinite Love Is the Only Truth: Everything Else Is Illusion.
-David Icke
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Colton
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Re: Unsettling american economic bail out bill
Wow I'm done for the night, just read 2 hours worth of wiki pages 
Free Bump KMA
Free Bump KMA
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Brdavs
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Re: Unsettling american economic bail out bill
And what exactly is wrong with a (more) social democracy?
Me thinks you fear the "s" word too much.
Btw here`s an article I think summarizes the present and the likely near future nicely. Going easy on the "nwo" related fears yet being realistic that certain fundamental shifts are unavoidable:
http://www.guardian.co.uk/commentisfree ... omicgrowth
P.S. Avenger do you realise the possible irony of your EU scepticism heh? Theres been open insinuations and calls for an investigation into US/Pentagon(CIA) funding (illegal) of the anti lisbon treaty movement in Ireland... It`s no secret that a fragmented Europe is the only Europe US like heh. By figting the proverbial windmill of EU integrations you`re playing into the puppetmasters hand... Check for strings lol.
Fact is that with the void in power appraching EU better get its act together so it wont be swept aside and carved up into interest spheres. Tis not perfect, but out of all the alternatives out there, it`s still founded on principles supperior to all the emerging & existing powers (US included). Provided they/we cut down on buerocracy and kick UK out (lol) we`re cruising.
Tom Clancy End War style lol.
Me thinks you fear the "s" word too much.
Btw here`s an article I think summarizes the present and the likely near future nicely. Going easy on the "nwo" related fears yet being realistic that certain fundamental shifts are unavoidable:
http://www.guardian.co.uk/commentisfree ... omicgrowth
P.S. Avenger do you realise the possible irony of your EU scepticism heh? Theres been open insinuations and calls for an investigation into US/Pentagon(CIA) funding (illegal) of the anti lisbon treaty movement in Ireland... It`s no secret that a fragmented Europe is the only Europe US like heh. By figting the proverbial windmill of EU integrations you`re playing into the puppetmasters hand... Check for strings lol.
Fact is that with the void in power appraching EU better get its act together so it wont be swept aside and carved up into interest spheres. Tis not perfect, but out of all the alternatives out there, it`s still founded on principles supperior to all the emerging & existing powers (US included). Provided they/we cut down on buerocracy and kick UK out (lol) we`re cruising.
Tom Clancy End War style lol.
For Rome!
Calibretto wrote: WIR SOLLEN *insert* AUSRADIEREN
Inserted part could be you!
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[KMA]Avenger
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Re: Unsettling american economic bail out bill
@Brdavs:
mate, the EU IS an NWO organization and THEY are the puppets
the EU along with ,NATO, the UN, the CFR, trilateral commission, IMF, world bank, the vatican, NSA, CIA, FBI, FEMA, MI5, MI6, mossad and the british charity known as "Common Purpose" are some of the most inherently evil organizations on the face of the planet.
the EU was born in a shroud of deception because the EU founders knew that people would see it for what it was, an organization designed for 1 thing and 1 thing only, to kill each european nations sovereignty.
it was brought to us as an organization to facilitate easier trading amongst european countrys today what do we have? is that what we were promised??
the same thing is happening in the americas as well as the african union and the asian union, all these unions are good for 1 thing...wiping our backsides with them!
we do NOT need to be locked into a union based in brussels whose leaders can commit high crimes with no accountability. the educated british people know this and do not want it, which is why 3 successive prime ministers have promised the people a referendum on the subject...we are still waiting!
[spoiler]Economists, top EU officials call for more regulatory power
Steve Watson
Infowars.net
Monday, Sept 29, 2008
With major European banks now failing, calls have increased for an entire restructuring of the financial system under a centralized EU supervisory body.
With Belgian-Dutch group Fortis becoming the first major European bank to buckle, British mortgage lender Bradford & Bingley also being nationalized, as well as several other banks failing in Iceland, Denmark and Germany, economists have warned that more are teetering on the brink and only a radical centralization of power in Europe can stave off financial ruin.
Earlier this month, German economist Daniel Gros warned in a report for the Center for European Policy Studies (CEPS) that several European banks have become so large that their governments would no longer be able to save them. Should they fail no rescue would be possible because the economy of the home nations are smaller than the banks that reside within them.
Now, in an interview with Dutch newspaper Volkskrant, Gros warns that European giants like Deutsche Bank, Barclays and UBS (Switzerland) are dangerously close to folding.
The Deutsche Bank has 2, 000 billion euros of open credit, one fifth of the german economy, while Barclays has 1, 640 billion euros of open credit, more than the entire UK economy.
Gros has proposed that European Parliament balance the books of the affected banks and that a new system of financial supervision is created with a 12 member body to overlook the European financial market.
In October the European Commission will propose new rules governing how much banks must keep in reserves, and set rules on how regulators should act if a bank is in danger of collapse.
Top EU officials, including economy commissioner Joaquin Almunia, have stated that the EU should have greater powers to regulate and intervene in the operations of financial institutions across Europe.
“The latest events in financial markets have made it clear that the current model of regulation and supervision needs to be revamped,” Almunia has said.
can you people NOT see the socialism?
that above report deserves to be read twice.[/spoiler]
[spoiler]Paul Joseph Watson
Prison Planet
Monday, September 29, 2008
As a vote nears on the $700 billion dollar plus bailout bill, Congressman Ron Paul took to the House floor this morning to warn that the passage of the legislation will destroy the dollar and the world economy.
Stating that the passage of the bailout bill would only make the problem worse, the Congressman from Texas said, “This has nothing to do with free market capitalism, this has to do with a managed economy, an inflationary system, corporatism, a special interest system, and this has nothing to do with the failure of our free markets and capitalism.”
Paul blamed the current crisis on a Federal Reserve power monopoly over the money and credit system, the ceaseless borrowing and printing of money, and dismissed the bill as nothing but more of the same.
“Long term this is disastrous,” continued the Congressman, “we’ve already pumped in $700 billion dollars, here’s another $700 billion dollars - this is going to destroy the dollar - that’s what you should be concerned about - if you destroy the dollar you’re going to destroy a worldwide economy and that’s what we’re on the verge of doing.”
Paul said that the long term implications of the bailout would be a lot more serious than the problems currently being experienced by Wall Street.
The Congressman called for more oversight and warned, “What we’re doing today is going to make things much worse.”
Paul expressed his frustration that free market economists who predicted the crisis were being ignored while the people who created the problem were being given the responsibility to offer a solution.
The Congressman was not afforded the time to read his full prepared remarks, but they were entered into the Congressional record and can be read at Paul’s Campaign For Liberty website.
Paul’s comments follow those of Congresswoman Marcy Kaptur, who slammed the bailout bill this past weekend as the work of criminal insiders who have shut down the normal legislative process to commit “high financial crimes” and defraud the American people, while Rep. Michael Burgess warned that “martial law” had been declared by Nancy Pelosi in order to ram the bill through.
Watch the clip.
http://www.prisonplanet.com/ron-paul-ba ... onomy.html[/spoiler]
did i hear right?
congressman Michael Burgess says america is under martial law!!!
this is a cspan video of the congressman's 1 min 52 second speech posted on youtube:
http://www.youtube.com/watch?v=l7B4laX1E70
mate, the EU IS an NWO organization and THEY are the puppets
the EU along with ,NATO, the UN, the CFR, trilateral commission, IMF, world bank, the vatican, NSA, CIA, FBI, FEMA, MI5, MI6, mossad and the british charity known as "Common Purpose" are some of the most inherently evil organizations on the face of the planet.
the EU was born in a shroud of deception because the EU founders knew that people would see it for what it was, an organization designed for 1 thing and 1 thing only, to kill each european nations sovereignty.
it was brought to us as an organization to facilitate easier trading amongst european countrys today what do we have? is that what we were promised??
the same thing is happening in the americas as well as the african union and the asian union, all these unions are good for 1 thing...wiping our backsides with them!
we do NOT need to be locked into a union based in brussels whose leaders can commit high crimes with no accountability. the educated british people know this and do not want it, which is why 3 successive prime ministers have promised the people a referendum on the subject...we are still waiting!
[spoiler]Economists, top EU officials call for more regulatory power
Steve Watson
Infowars.net
Monday, Sept 29, 2008
With major European banks now failing, calls have increased for an entire restructuring of the financial system under a centralized EU supervisory body.
With Belgian-Dutch group Fortis becoming the first major European bank to buckle, British mortgage lender Bradford & Bingley also being nationalized, as well as several other banks failing in Iceland, Denmark and Germany, economists have warned that more are teetering on the brink and only a radical centralization of power in Europe can stave off financial ruin.
Earlier this month, German economist Daniel Gros warned in a report for the Center for European Policy Studies (CEPS) that several European banks have become so large that their governments would no longer be able to save them. Should they fail no rescue would be possible because the economy of the home nations are smaller than the banks that reside within them.
Now, in an interview with Dutch newspaper Volkskrant, Gros warns that European giants like Deutsche Bank, Barclays and UBS (Switzerland) are dangerously close to folding.
The Deutsche Bank has 2, 000 billion euros of open credit, one fifth of the german economy, while Barclays has 1, 640 billion euros of open credit, more than the entire UK economy.
Gros has proposed that European Parliament balance the books of the affected banks and that a new system of financial supervision is created with a 12 member body to overlook the European financial market.
In October the European Commission will propose new rules governing how much banks must keep in reserves, and set rules on how regulators should act if a bank is in danger of collapse.
Top EU officials, including economy commissioner Joaquin Almunia, have stated that the EU should have greater powers to regulate and intervene in the operations of financial institutions across Europe.
“The latest events in financial markets have made it clear that the current model of regulation and supervision needs to be revamped,” Almunia has said.
can you people NOT see the socialism?
that above report deserves to be read twice.[/spoiler]
[spoiler]Paul Joseph Watson
Prison Planet
Monday, September 29, 2008
As a vote nears on the $700 billion dollar plus bailout bill, Congressman Ron Paul took to the House floor this morning to warn that the passage of the legislation will destroy the dollar and the world economy.
Stating that the passage of the bailout bill would only make the problem worse, the Congressman from Texas said, “This has nothing to do with free market capitalism, this has to do with a managed economy, an inflationary system, corporatism, a special interest system, and this has nothing to do with the failure of our free markets and capitalism.”
Paul blamed the current crisis on a Federal Reserve power monopoly over the money and credit system, the ceaseless borrowing and printing of money, and dismissed the bill as nothing but more of the same.
“Long term this is disastrous,” continued the Congressman, “we’ve already pumped in $700 billion dollars, here’s another $700 billion dollars - this is going to destroy the dollar - that’s what you should be concerned about - if you destroy the dollar you’re going to destroy a worldwide economy and that’s what we’re on the verge of doing.”
Paul said that the long term implications of the bailout would be a lot more serious than the problems currently being experienced by Wall Street.
The Congressman called for more oversight and warned, “What we’re doing today is going to make things much worse.”
Paul expressed his frustration that free market economists who predicted the crisis were being ignored while the people who created the problem were being given the responsibility to offer a solution.
The Congressman was not afforded the time to read his full prepared remarks, but they were entered into the Congressional record and can be read at Paul’s Campaign For Liberty website.
Paul’s comments follow those of Congresswoman Marcy Kaptur, who slammed the bailout bill this past weekend as the work of criminal insiders who have shut down the normal legislative process to commit “high financial crimes” and defraud the American people, while Rep. Michael Burgess warned that “martial law” had been declared by Nancy Pelosi in order to ram the bill through.
Watch the clip.
http://www.prisonplanet.com/ron-paul-ba ... onomy.html[/spoiler]
did i hear right?
congressman Michael Burgess says america is under martial law!!!
this is a cspan video of the congressman's 1 min 52 second speech posted on youtube:
http://www.youtube.com/watch?v=l7B4laX1E70
Infinite Love Is the Only Truth: Everything Else Is Illusion.
-David Icke
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S0lid Snake
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Re: Unsettling american economic bail out bill
Oh dear, the dow shed 777.68 points in a single day.
All eyes are on Wall Street today after the Dow industrials suffered their worst one-day point loss ever: A 777-point drop sparked by lawmakers’ rejection of the proposed $700 billion market bailout.
“We’ve completely decimated confidence in the markets,” James Dunigan of Philadelphia’s PNC Wealth Management said after the Dow lost 777.68 points yesterday to close at 10,365.45.
State Treasurer Tim Cahill said capital markets are “totally frozen” and Massachusetts has lost access to short-term credit lines it relies on to pay its bills. But he was still confident the state would be able to make an upcoming $1.3 billion local aid payment.
The blue chips tumbled after the U.S. House voted 228-205 to deep-six a massive proposed government bailout of credit markets.
The Dow’s decline surpassed a previous one-day record of 684.81 points set on Sept. 17, 2001, in the 9/11 terror attacks’ wake.
On a percentage basis, the Dow yesterday fell 6.98 percent, the 17th worst one-day drop ever.
“Markets are pricing in a total calamity in the U.S. financial sector,” said Rob Lutts of Salem-based Cabot Money Management. “There were expectations that the government would serve as a backstop to the financial-services crisis. But now it looks like that won’t happen.”
Lawmakers rejected a White House-backed plan to buy up $700 billion of bad mortgages from Wall Street.
Championed by U.S. Treasury Secretary Henry Paulson and Federal Reserve chief Ben Bernanke, the proposal aimed to give markets fresh capital while removing dud loans from corporate balance sheets.
The Dow had been off about 250 points just prior to the vote, but fell like a stone after lawmakers nixed the bailout around 2 p.m.
Adding to Wall Street’s woes were fears that the burgeoning credit crisis had engulfed two more victims.
Federal regulators yesterday engineered a $2.2 billion sale of Wachovia Corp.’s banking operations to Citigroup, while Sovereign Bank saw its shares drop 72 percent.
However, yesterday’s meltdown hit far more than just financial-services firms.
The broad Standard & Poor’s 500 index fell more than 100 points - its worst one-day loss since the October 1987 crash. The drop eliminated more than $800 billion in shareholder wealth.
“Stocks in all industries are down,” Lutts said. “People are saying: ‘I don’t want to hold any stocks today.’ ”
Source:-
http://news.bostonherald.com/business/g ... id=1122382
Things are going to get nasty from here on in.
Hope you've got some supplies for your families.
Buy tins, rice, flour, oats, tea, coffee, sugar, powdered milk and anything with a long shelf life, you may be trading this stuff.
Good luck to you all in the coming hard times.
Namaste.
All eyes are on Wall Street today after the Dow industrials suffered their worst one-day point loss ever: A 777-point drop sparked by lawmakers’ rejection of the proposed $700 billion market bailout.
“We’ve completely decimated confidence in the markets,” James Dunigan of Philadelphia’s PNC Wealth Management said after the Dow lost 777.68 points yesterday to close at 10,365.45.
State Treasurer Tim Cahill said capital markets are “totally frozen” and Massachusetts has lost access to short-term credit lines it relies on to pay its bills. But he was still confident the state would be able to make an upcoming $1.3 billion local aid payment.
The blue chips tumbled after the U.S. House voted 228-205 to deep-six a massive proposed government bailout of credit markets.
The Dow’s decline surpassed a previous one-day record of 684.81 points set on Sept. 17, 2001, in the 9/11 terror attacks’ wake.
On a percentage basis, the Dow yesterday fell 6.98 percent, the 17th worst one-day drop ever.
“Markets are pricing in a total calamity in the U.S. financial sector,” said Rob Lutts of Salem-based Cabot Money Management. “There were expectations that the government would serve as a backstop to the financial-services crisis. But now it looks like that won’t happen.”
Lawmakers rejected a White House-backed plan to buy up $700 billion of bad mortgages from Wall Street.
Championed by U.S. Treasury Secretary Henry Paulson and Federal Reserve chief Ben Bernanke, the proposal aimed to give markets fresh capital while removing dud loans from corporate balance sheets.
The Dow had been off about 250 points just prior to the vote, but fell like a stone after lawmakers nixed the bailout around 2 p.m.
Adding to Wall Street’s woes were fears that the burgeoning credit crisis had engulfed two more victims.
Federal regulators yesterday engineered a $2.2 billion sale of Wachovia Corp.’s banking operations to Citigroup, while Sovereign Bank saw its shares drop 72 percent.
However, yesterday’s meltdown hit far more than just financial-services firms.
The broad Standard & Poor’s 500 index fell more than 100 points - its worst one-day loss since the October 1987 crash. The drop eliminated more than $800 billion in shareholder wealth.
“Stocks in all industries are down,” Lutts said. “People are saying: ‘I don’t want to hold any stocks today.’ ”
Source:-
http://news.bostonherald.com/business/g ... id=1122382
Things are going to get nasty from here on in.
Hope you've got some supplies for your families.
Buy tins, rice, flour, oats, tea, coffee, sugar, powdered milk and anything with a long shelf life, you may be trading this stuff.
Good luck to you all in the coming hard times.
Namaste.
{The Legion Of Outer Haven}
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[KMA]Avenger
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Re: Unsettling american economic bail out bill
when the "stuff" finally hits the fan they will blame the people for not accepting the bill...wait and see!
*me wonders how much more crap people will swallow before they shed their apathy and go after these criminals and send a powerful message to these would be thieves and our world leaders...DON'T MESS WITH THE PEOPLE!*
*me wonders how much more crap people will swallow before they shed their apathy and go after these criminals and send a powerful message to these would be thieves and our world leaders...DON'T MESS WITH THE PEOPLE!*
Infinite Love Is the Only Truth: Everything Else Is Illusion.
-David Icke
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S0lid Snake
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Re: Unsettling american economic bail out bill
[KMA]Avenger wrote:when the "stuff" finally hits the fan they will blame the people for not accepting the bill...wait and see!
*me wonders how much more crap people will swallow before they shed their apathy and go after these criminals and send a powerful message to these would be thieves and our world leaders...DON'T MESS WITH THE PEOPLE!*
"We cook your meals, we haul your trash, we connect your calls, we drive your ambulances. We guard you while you sleep. Do not... f*** with us..."
Fight Club.
{The Legion Of Outer Haven}
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[KMA]Avenger
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Re: Unsettling american economic bail out bill
when the time comes i'll do more than "F***" with these fascist B astards!
btw...
wherefor art thou mr liquid and all the naysayers???
btw...
wherefor art thou mr liquid and all the naysayers???
Infinite Love Is the Only Truth: Everything Else Is Illusion.
-David Icke
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S0lid Snake
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Re: Unsettling american economic bail out bill
[KMA]Avenger wrote:when the time comes i'll do more than "F***" with these fascist B astards!
btw...
wherefor art thou mr liquid and all the naysayers???
Eating a fat humble pie perhaps... JK...
{The Legion Of Outer Haven}
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[KMA]Avenger
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Re: Unsettling american economic bail out bill
me personally, i would sooner see his ilk wake up than eat humble anything 
Infinite Love Is the Only Truth: Everything Else Is Illusion.
-David Icke
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S0lid Snake
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Re: Unsettling american economic bail out bill
[KMA]Avenger wrote:me personally, i would sooner see his ilk wake up than eat humble anything
Indeed, as would I.
But time grows short as does my patience's.
The trains round the corner and we're all still on the bloody tracks.
What will it take?
"If people knew how the banking system creates money, there'd be a revolution tomorrow..."
We're about to see something that has never happened before:-
http://www.chrismartenson.com/crashcourse
Watch and see.
{The Legion Of Outer Haven}
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[KMA]Avenger
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Re: Unsettling american economic bail out bill
i agree 100% with you mate...
people, you ALL need to watch the documentary "The Money Masters", if it does not impress you then you are either a banking elite member, comatose or dead!
people, you ALL need to watch the documentary "The Money Masters", if it does not impress you then you are either a banking elite member, comatose or dead!
Infinite Love Is the Only Truth: Everything Else Is Illusion.
-David Icke
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Thriller
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Re: Unsettling american economic bail out bill
OH look avenger the bill didn't go through... your crystal ball needs polishing.
and wow brvadas was right for once.
and wow brvadas was right for once.
Spoiler
Universe wrote:You don't have a case, as Lord Thriller clearly explained.
MajorLeeHurts wrote:^ stole the car and my Booze and my heart * sobs*
Jack wrote: Just wanna be more like you, Master Thriller.
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[KMA]Avenger
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Re: Unsettling american economic bail out bill
does that mean the bill is dead?
this bill wasnt written in haste to counter a problem, its been around for a while and if you think it will be dead now you are sadly mistaken, it will be represented in a different guise!
this bill wasnt written in haste to counter a problem, its been around for a while and if you think it will be dead now you are sadly mistaken, it will be represented in a different guise!
Infinite Love Is the Only Truth: Everything Else Is Illusion.
-David Icke