Paulson's bailout is a preplanned financial endgame

[slow_dazzle]

The timing of events interests me too: I posted recently to say I think there is something yet to be revealed on the back of the financial shenanigans. I thought I was wearing one tin foil hat too many but I'm still very suspicious of the way events are coming together.

The repeal of Glass Steagall paves the way for liar loans etc, Bush steals the 2000 and 2004 elections, the Patriot Act and the related horrors are enacted and legislation is passed making bankruptcy difficult. Now we  are in the midst of an entirely predictable economic collapse.

I'm paraphrasing here - a German professor who was around when the Nazis rose to power said something like, "There were small changes here and there, worse and worse pieces of legislation were passed but nothing too great to cause revolution amongst the people. Then one day we woke up and realised we were compromised beyond hope". That sure resonates today.

Either the economic collapse is the last dying croak of the current economic system as it slips away or it is something more sinister which has intent behind it. Which of the two it is we don't yet know. Give it a few months and we will possibly know whether this is by design or by accident.

Later LATOC people.

[uberdoomer]

Its owner is the Depository Trust Corporation, located at 55 Waters Street NY,NY.  The building is known as "the Tower of Power", it is aptly named.

Dennis, nice post as well. Got any links to books or articles for further reading with regards to this? I've read some conspiratorial shit, but nothing about this somehow!

[Seahorse]

Seahorse - Why do you think that Congress is even having the hearing then if they already knew about this?

Ming, if there were no hearings, no semblance that Congress was doing its job, there would be open rebellion.  What I fear is we have a Congress that is as effective as the Russian Duma that rubberstamps anything put in front of it.  I'm not picking on the duma, for there are numerous "dumas" in the world.  Sadam had one, Iran has one, China has one, and the United States has one.

If there were a Bush plan to "take over" or at least grab more Constitutional power, it would only make sense that the Executive would have to warm CONgress up to it back in March, soften them up for what is happening now.  If the leaks on the March meeting are true, the Executive scared the holy crap out of Congress, but the truth is, Congress scares easily and in eight years of Bush, have not stood up to him once.  Not surprisingly, since the Congress is supposed to be representative of the people, and since they have not represented the people in 8 years now, they only have a 9% approval rating.

Just as predicted in the March leaks, the people are pissed at the proposed bailouts.  So CONgress and the Executive are simply going through the motions to placate the masses, to have some "show" that they are really doing their job and will not completely abrogate their authority to the Executive.  In the end, I fear this bailout is a foregone conclusion.  The bailouts will go through.  Congress will try and maintain the illusion of some type of oversight, but keep in mind that Congress had oversight authority over Freddie and Fannie long before they collapsed and you see how good a job Congress did overseeing them.  We can expect no better oversight this time.  

[comrade simba]

What's funny is that with a 9% approval rating in November the population will turn out and vote for the same bunch all over again. The two parties will receive 95% of the vote, and that, my friend, legitimizes every thing they are doing. Pual had a good idea when he said to go vote for one of the other parties. Hell, vote for Nader just for kicks. I think it would be funny if everybody voted in every Libertarian candidate on their ballot - then watch the system melt when it gets within 50 yards of the Constitution.

[kimberley862]

Seahorse:

When you posted the thread about the closed session in March and the leaks that came out of it - it was chilling to see September.

And right on cue.

And it's just as chilling to read the link you posted re: Martial Law is Imminent

This quote scared me:

"They may be called upon to help with civil unrest and crowd control or to deal with potentially horrific scenarios such as massive poisoning and chaos in response to a chemical, biological, radiological, nuclear or high-yield explosive, or CBRNE, attack.

Training for homeland scenarios has already begun at Fort Stewart and includes specialty tasks such as knowing how to use the “jaws of life” to extract a person from a mangled vehicle; extra medical training for a CBRNE incident; and working with U.S. Forestry Service experts on how to go in with chainsaws and cut and clear trees to clear a road or area.

The 1st BCT’s soldiers also will learn how to use “the first ever nonlethal package that the Army has fielded,” 1st BCT commander Col. Roger Cloutier said, referring to crowd and traffic control equipment and nonlethal weapons designed to subdue unruly or dangerous individuals without killing them.

“It’s a new modular package of nonlethal capabilities that they’re fielding. They’ve been using pieces of it in Iraq, but this is the first time that these modules were consolidated and this package fielded, and because of this mission we’re undertaking we were the first to get it.”

It's just too damn coincidental. They know what's coming. Which prompted a debate between my husband and I last night.

Would we (LATOCER'S) be part of the round - up just by being members of this site? My answer was "No." Because we are physically and psychologically prepared for whats to come. Much more so than the norm. If I were in a position of power I think I would be more concerned about the people out there that have no idea what's coming. They will be confused and in panic. Oh, and ANGRY. We are ANGRY too. But we have knowledge. And we won't be panicing like the rest. We've been prepping just for that.

My husband disagrees with me however - and strongly thinks I should get off this forum. He's truly scared now

Leave LATOC? What the fuck fun is that?!! HELL NO.

[Abhaha]

<a href="http://www.youtube.com/v/Knv9CXZI6hc&amp;ap=%2526fmt%3D18&amp;rel=0" target="_blank">http://www.youtube.com/v/Knv9CXZI6hc&amp;ap=%2526fmt%3D18&amp;rel=0</a>

I think so.

[DarthBruder]

The part about the administration having months to come up with this bailout (since March, maybe?) is true. According to the White House itself:

http://www.whitehouse.gov/news/releases/2008/09/20080923-6.html

MR. FRATTO: No, well, look, I think I would reconcile it this way: This is -- this was not a program that was conceived of or put together hastily. There was an enormous amount of analysis and debate and discussion before we came forward with this program. I think we have anticipated a lot of the questions that members of Congress would naturally have about taking this step, but we have had -- some of the policy staff have had months to think about what a program like this would be like and how it would work. Others have had at least weeks to think about it. Members of Congress have had days to think about it. And it's very, very complex and takes time to think through all of the implications of it and why some alternative ideas might not work as well as this one.

So I think that's really the issue here. We have thought through a lot of the concerns that some members have in advance, and I think we can address them on a member-to-member basis, on a committee-to-committee basis. I think Secretary Paulson and Chairman Bernanke will be able to help in that effort today. I think when people see their extensive discussion of the details and the implications and the consequences, I think more people will understand why this is the appropriate way to address this problem.

Q Well, I guess that's exactly my point, real quickly, is that you're saying the administration and its staff has had months to think about this and lawmakers have only had days. I mean, doesn't Congress get its turn? Doesn't it have its own right?

MR. FRATTO: And they are, and we're taking this time. I mean, I don't -- I'll concede that it is a lot of information to take in in a relatively short period of time, but I think they can -- I think it's enough time. At any rate, there is an urgent need here to get it done and I think members recognize that also -- the overwhelming number of members of Congress recognize that.

[Fitzwaryn]

We can only hope that Congress does not give the Executive a "blank check", because doing so would effectively amount to Congress abrogating its responsibilities under the Constitution to levy taxes and pass budgets and give that power to the Executive.

Congress abandoned even a pretense of adhering to the Constitution a long time ago.

[PoppyMcGee]

They had months to come up with this plan and this is the best they could do? They could have at least made it LOOK palatable to the American people. There wasn't even any pretense in making it look good to us.

[keeha]

Sept24 08: After being held for nearly a year in a U.S. military base in Afghanistan, an Afghan journalist who worked mostly for Canadian television has been released.

Ahmad said the Bagram guards told him they were sorry before he was released but he still doesn't understand why he was taken into custody.

...After the experience, Ahmad said feels he will be a better journalist than before and intends to return to his profession.

[uberdoomer]

I don't think dwelling on the fear of detainment is a great use of energy. Sure, keep it in mind, but LATOC represents an infinitesimal portion of the population, and not a threatening one at that. Hell, we get jumpy if the DOW farts a few points.

The "Maincore" database supposedly contains 8 million names? That's roughly 3% of the population spread out God knows where. I'd argue a round-up of even a fraction of that number of people isn't likely, or a great use of energy either as it probably would cause more problems than it would solve. If their filter is so liberal that 3% of the population under present conditions represents a threat, they're gonna have real database maintenance issues when SHTF.

The people who have actually achieved self-sufficiency and who have large swaths of arable land and water sources theoretically have as much to fear because they will be on "High Value" real estate. But again, if I was lucky enough to have those things (which I'm not), I wouldn't invest energy in worrying about being a target.

Adaptability, perseverance, bravery, and cleverness will be much more important things to worry about acquiring. And the mutant zombies are probably a bigger threat.

[FullRefusal]

You guys are barking up the wrong tree IMHO..  You are barking at the right thing, but its not in the tree that you are barking at..

The Constitution is long dead.  It is even copyrighted.  Will come a point you will be in trouble for using the words without permission.  That being said it is an admirable document.  But its history, nothing but an illusion..

Its owner is the Depository Trust Corporation, located at 55 Waters Street NY,NY.  The building is known as "the Tower of Power", it is aptly named.

This is the richest corporation in the world, its time you heard of it..

Its corporate holdings include the United States of America, which in turn holds the State of....., City of....  and so forth.  

Yup, our government is but a corporate subsidary of Depository Trust Corporation..

Depository Trust Corporation also hold a financial company, known as the Federal Reserve Bank Corporation.  This company controls and manages all the finances in the corporation, thru the Federal Reserve Note..

Depository Trust Corporation also has a legal Department, known as the American Bar Association, which is responsible for creating and administrating all the corporate bylaws..

Of course Depository Trust Corporation has a collections department, known as the Internal Revenue Service.  Im sure I dont need to explain this..

Then there is the CEDE corporation, also a Depository Trust Corporation holding.  CEDE owns all unregistered stocks and securities.  Think you own your stock??  Think again, if its not in your hand with your name on it CEDE owns it..  It has over 20 trillion dollars in holdings, yet, as it is a private company, you have probably never heard of it??

All these corporate entities, except the United States corporation, are headquarted in the Tower of Power, 55 Waters Street NY,NY..

All matters of policy emanate from the Tower of Power, as they own it.  The United States corporate administration, located in DC, is just a bunch of clerks tht make the dictates from the Tower reality in the United States...

You need to bark at the owners of the United States, its corporate holder, not the poor clerks and visible puppets..  They are there for that purpose though..

While you are barking at the clerks and puppets the true masters, the owners, are merely laughing at your impotence and stupidity...

Wanna make a change??  55 Waters Street....

You are owned.  If you continue to accept this it is reality.

If I walk up to you and inform you that I am your master, and you say "yessir massa, what is your wish" I do in fact own you..   If you say "WTF!!??  You dont own me!!"  I certainly dont..

But by using their products, following their every mandate, you are owned...

Might as well say "yessir massa", because in effect you are..  You may say you are free but you act the part of a owned slave in everyway except a few traitorous mumbling...

I say bark at the right tree...










 

It's interesting that you brought that up and very true. I agree if we accept that we are owned we are. No one owns me though and it's well known who is in this Tower of Power and they will be dealt with.

[JurisDoctorOfDoom]

Would we (LATOCER'S) be part of the round - up just by being members of this site? My answer was "No." Because we are physically and psychologically prepared for whats to come. Much more so than the norm. If I were in a position of power I think I would be more concerned about the people out there that have no idea what's coming. They will be confused and in panic. Oh, and ANGRY. We are ANGRY too. But we have knowledge. And we won't be panicing like the rest. We've been prepping just for that.

My husband disagrees with me however - and strongly thinks I should get off this forum. He's truly scared now

As far as online forums go, this one is VERY tame even if it doesn't seem that way. Just  check out any of the "patriot" forums or gun forums and even a lot of standard political forums like Democratic Undeground or Daily Kos.  Most of them now have routine talk of going into open rebellion. We get a small bit of that here but for the most part its much more on the intellectual side than anything else. heck, there's usually more anger/hostility expressed by forum members towards other forum members than by forum members towards the mil-gov or corp-gov.

I'm not the least bit concerned about being detained myself and if anybody has something to worry about it would probably be me. Of course I could just be in denial but I don't think so. If I am detained it won't be because of this site, it will be if something happens here in Santa Rosa and I end up in a food riot or something like that.

[ollie]

The problem with this theory is (and I am in no way implying that the theory is wrong by any means) that if all of these events had happened in unrelated circumstances they would still
look like a smoking gun.

I do not believe in TPTB as a monolithic block, not even two families, parties or whatever. Rather there are alot of people/groups at the top fighting and playing against one another (for it is all nought but a game, albeit one with very high stakes).

As such, I doubt this is all scripted. A reaction causes a counter-reaction. To think that all the other power brokers and usurpers will watch every round without interfering sounds unlikely.

As to being in danger due to visiting this forum...... there would be far bigger fish to fry. I hate to break it to you all, but Latoc is not what I would deem 'radical'. As other posters have mentioned, there are public forums where the
rhetoric is far more violent and targeted. Non-public forums and groups however are where the real deal lies.

ollie

[Seahorse]

Here's how we know the Congressional hearings yesterday on the bailout were a "dog and poney" show, intended to cover the asses of CONgress and make it look to the American public like they were doing something.  Because after a full day of hearings, they still don't know how Paulson came up with his $700 billion dollar figure. Paulson just didn't pull this figure out of thin air.  He is the Secretary of the Treasury, former CEO of Goldman Sachs, so he clearly understands numbers and a balance sheet.  For him to say the "financial pipes are clogged" and the US has to buy MBS that no one else wants, and that its going to take $700 billion to do it, means he knows which companies are in trouble, has looked at the various MBS which are clogging the pipes, and knows which ones he's going to buy.  He's done his looking, he's priced the items in the stores, and now he's ready to buy.  So, CONgress should have demanded an answer to this question.  They didn't, we still don't know, and that simply means yesterday was a dog and poney show, that the bailout is a done deal.