Paulson's bailout is a preplanned financial endgame

[AntiSocialite]

Max Keiser interview with Dr. Paul Craig Roberts, former assistant treasury secretary, who says, we no long have a gov't, we have special interests in charge.

http://www.youtube.com/watch?v=zmvLPmSKn7o#noexternalembed

Mr. Roberts is one of those disenfranchised elites I was speaking of. I realize he thought he was doing something good with spearheading the "Reaganomics" revolution. And, while he was an effective tool of TPTB, he was "in." And now, like a washed-up designer on Project Runway, he's "out." He is, therefore, free to criticize both parties in power (two sides of the same coin) with abandon.

Do you have anything on what he proposes to do about our situation? I can dig up a lot of his work, but it seems to focus on wrong. I don't see him espousing any practical ways to go about correcting our path onto something sustainable.

[Seahorse]

Anti=

I don't think anyone really espouses a plan for cutting back other than the general call we can't continue on like this.  Every Secretary of the Treasury and Congressman, President, repeats the mantra of the obvious.

The reason, though, I don't think it is changeable is because we have been taken over by special interest and its not in their interest to curtail spending, bc they are making money off of it until one day, they won't.  By then, they will have infected every other economy and gov't and they will care less what happens on the streets here in the USA.

[AntiSocialite]

Seahorse -

Myopia can make bad actors particularly destructive. Right now, we have "surplus" oil sloshing around in tankers and storage facilities, as a result of the epic demand destruction of 2008. By most accounts we're still at the bumpy top of the bell curve. When we start sliding down the steep slope is anyone's guess, but it will be sooner than later, and where will the power brokers go for safety? There will be nowhere to run. Starving masses will exist everywhere if they exist here.

[Seahorse]

We are owned. 

Congressman Brad Sherman pointed out that Section 1204 is unlimited in dollar amount and is a permanent grant of power to the executive branch. When he asked Geithner whether he would accept a $1 trillion limit on the new bailout authority (if the executive branch wanted to spend more, it would have to come back to Congress), he rejected a $1 trillion limit, insisting that the executive branch be able to respond without coming back to Congress. I feel like my head is going to explode!  What in the hell will it take to stop these jackasses.


http://www.zerohedge.com/article/government-trying-make-bailouts-giant-banks-permanent

The enemy is not liberal or conservative, or "democrat or republican" - that's a divide and conquer strategy being manipulated on the American people by the banking cabal known as the US Federal Reserve and cronies like Goldman Sachs.  The enemy is not some foreign terrorist group.  The enemy of the American people is "the enemy within", within the Federal Reserve system, paying off Congress, taking over the executive and using "unlimited executive power" to use unlimited taxpayer dollars to engorge themselves.

[AntiSocialite]

We are owned. 

Congressman Brad Sherman pointed out that Section 1204 is unlimited in dollar amount and is a permanent grant of power to the executive branch. When he asked Geithner whether he would accept a $1 trillion limit on the new bailout authority (if the executive branch wanted to spend more, it would have to come back to Congress), he rejected a $1 trillion limit, insisting that the executive branch be able to respond without coming back to Congress. I feel like my head is going to explode!  What in the hell will it take to stop these jackasses.


http://www.zerohedge.com/article/government-trying-make-bailouts-giant-banks-permanent

The enemy is not liberal or conservative, or "democrat or republican" - that's a divide and conquer strategy being manipulated on the American people by the banking cabal known as the US Federal Reserve and cronies like Goldman Sachs.  The enemy is not some foreign terrorist group.  The enemy of the American people is "the enemy within", within the Federal Reserve system, paying off Congress, taking over the executive and using "unlimited executive power" to use unlimited taxpayer dollars to engorge themselves.

But they don't view themselves as American. They see themselves as super-national globalists. They, therefore, have no allegiance to this, or any other nation-state or political system. This is why they are so dangerous to us and themselves. Once they're done sucking the entire planet dry of resources and wealth (happening now) they will turn on themselves.

I am glad you point out that democrat/republican, liberal/conservative are mere ruses to keep us fighting among ourselves AND that you understand this. Unfortunately, I'm not sure we have enough time or resources to bring enough of the population around to the same realization. I fear that only the trauma of societal collapse will be able to open people's eyes.

The problem is that social convulsions are periods of great fear. And people respond to their fears in frightening ways.

[Seahorse]

Great interview with a former Goldman Sachs director who says we taxpayers were pillaged by the banks.

http://www.alternet.org/workplace/143573/former_wall_street_player_reveals_the_inside_world_behind_shady_bailouts_to_bankers?page=1

New legislation, "The financial stability act" will give Secretary of the Treasury, former Goldman boy, total control.

http://www.alternet.org/workplace/143604/if_you_thought_the_last_bailout_of_wall_street_was_disastrous%2C_here_comes_tarp_on_steroids/

[Seahorse]

Former Federal banking regulator, now economics professor, says Geitner burned US taxpayers.

http://finance.yahoo.com/tech-ticker/article/364593/Geithner-%22Burned-Billions%22-Shafted-Taxpayers-on-CIT-Loan-Prof.-Bill-Black-Says?tickers=cit,aig,xlf,skf,gs,c,bac&sec=topStories&pos=9&asset=&ccode=

[Seahorse]

Goldman bought the mortgages and is now foreclosing on people's homes, but they don't really want to talk to much about it publicly.

http://news.yahoo.com/s/mcclatchy/20091102/pl_mcclatchy/3342424;_ylt=patrick.net.net

[dagrove22]

Why not get rid of GS and the like?

[DoomandGloom]

Goldman bought the mortgages and is now foreclosing on people's homes, but they don't really want to talk to much about it publicly.

http://news.yahoo.com/s/mcclatchy/20091102/pl_mcclatchy/3342424;_ylt=patrick.net.net

so they will own a lot of real estate with no one who can afford to buy it or finance it - sounds like they will be artificially inflating their value by over-stating the value of their real estate portfolio while they lose more money on upkeep, pay huge sums on real estate taxes and insurance costs, and generally fail. Sounds like another bail out will be required in 2011.

[Seahorse]

Banker says that paying banking executives exorbitant bonuses, with taxpayer dollars btw, is compatible with Christianity.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aySZ9TS.aODA&pos=11

Okay, so one of us, either he or I, is a heretic and should be burned at the stake.

[AntiSocialite]

Seahorse -

They have spent the last 35 years convincing the electorate that inequality is necessary (remember trickle-down economics?). Now, they've created such an insulated world for themselves, that they don't realize the old playbook isn't going to work much longer. Also keep in mind that if they think saying these things is actually going to play well for the masses in 2010, then they are still doing business as usual, which doesn't bode well for any sort of realistic response to the crises unfolding before us.

[Seahorse]

Economists opposing the audit the Fed Bill have undisclosed Fed ties (surprise surprise).

http://www.huffingtonpost.com/2009/11/18/economists-opposing-fed-a_n_362287.html