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cozdiver
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« on: November 27, 2009, 01:35:53 PM » |
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BANKERS SUCKThe US public will be “outraged” by Citibank’s $8 billion loan to Dubai just six weeks after the bank was bailed out, US House of Representatives domestic policy subcommittee chair-man has said. Dennis Kucinich commented on the Dubai loan and other US banking investments as a congressional panel released a report that strongly questioned Citibank’s actions. The report, shown to 7DAYS, cites the Dubai loan as the largest of the “questionable transactions” by banks after the US government bailed them out. It notes that the loan to Dubai’s public sector came on December 14, just six weeks after the US government gave Citibank a $25 billion bail-out.
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Hopi Prophecy
“This is the Seventh Sign: You will hear of the sea turning black, and many living things dying because of it.
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pamela
“Hope is faith holding out its hand in the dark.”
Global Moderator
Hero Member
Posts: 20003
Whoever feeds you, owns you!
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« Reply #1 on: November 27, 2009, 01:38:17 PM » |
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Oh man, good grief....heck I'm speechless!
I mean, what the hell?
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We are the hollow men
We are the stuffed men
Leaning together- T.S. Eliot
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ellen54
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« Reply #2 on: November 27, 2009, 01:44:37 PM » |
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Oh geeze, why not just light our money on fire? At least that might help with the inflation that's sure to be coming...
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gin
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« Reply #3 on: November 27, 2009, 01:46:30 PM » |
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whenever any addict frantically comes begging for cash.. well.. yessiree jimbob.. sure ain't going to be used to feed the habit  |
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“Ignorance more frequently begets confidence than does knowledge.. it is always advisable to perceive clearly our ignorance" Charles Darwin
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mtlouie
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« Reply #4 on: November 27, 2009, 01:47:39 PM » |
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I guess I am just stupid when it comes to finance, but all of this is just blips on a computer screen. It's not backed by anything. Why not just add a few more blips and call it good?  |
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ellen54
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« Reply #5 on: November 27, 2009, 01:49:36 PM » |
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I guess I am just stupid when it comes to finance, but all of this is just blips on a computer screen. It's not backed by anything. Why not just add a few more blips and call it good? It may just be blips on a radar screen to Citibank, but you can be sure that we, the taxpayers will have to pay in REAL money. For flipping Dubai La La Land, playground of Sheiks who can't get away with that stuff in their own freaking Muslim Theocractic Sharia Hellhole countries. Oh my God, if this isn't just a big fat turd sandiwich! |
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« Last Edit: November 27, 2009, 01:51:36 PM by ellen45 »
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ninakat
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« Reply #6 on: November 27, 2009, 01:51:34 PM » |
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I must be numb. Nothing shocks me anymore. Not good. I need to be shocked. I know, I know, I should go watch "The Road." |
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pamela
“Hope is faith holding out its hand in the dark.”
Global Moderator
Hero Member
Posts: 20003
Whoever feeds you, owns you!
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« Reply #7 on: November 27, 2009, 01:52:07 PM » |
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so, let's see if I can get my head around this new stunt.
We give Citibank money, hoping that they will lend it back into the economy, HERE, they don't, they give it to Dubai who turns around now and loses it.
Is that about right?
now, Dubai can't pay it back, that means Citibank can't pay it back, and we are out 8 billion dollars.
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We are the hollow men
We are the stuffed men
Leaning together- T.S. Eliot
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mtlouie
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« Reply #8 on: November 27, 2009, 01:52:37 PM » |
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No, we don't even pay in "real" money. We do pay in labor, however. And, oddly enough, we keep doing it and don't make much of a peep.
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Grower
Global Moderator
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Posts: 16829
Be the farmer.
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« Reply #9 on: November 27, 2009, 01:53:09 PM » |
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Hells bells, if they'd set it on fire at least it throw off a little warmth and light for a few seconds. Some use value, anyhow.
Bastards.
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Think only on those things that are in line with your principles and can bear the full light of day. The content of your character is your choice. Day by day, what you choose, what you think, and what you do is who you become. Your integrity is your destiny-the light that guides your way. Heraclitus
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Grimus
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« Reply #10 on: November 27, 2009, 01:55:45 PM » |
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No we won't pay shit in 'real money' cause there isn't any. We'll pay with sweat and blood aka energy.
MtLouie, I suspect the reason they don't just dump some more zeros on the checks is that it's all a very convenient distraction from the actual doom behind the fiat veil. While we're all shitting ourselves over "billions and trillions" of fake money, the real things of value---commodities and land and water---are being usurped left and right for the next genuine downturn in living standards.
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The basic difference between an ordinary man and a warrior is that a warrior takes everything as a challenge, while an ordinary man takes everything as a blessing or a curse.
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Shamaness
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« Reply #11 on: November 27, 2009, 01:56:25 PM » |
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originally posted in another Dubai thread, but I thought it might be of interest here...Hey, you know how the London FTSE stock market was shut down for 3 hours due to a glitch? A UK Times Online article, linked on Cryptogon, mentions that the FTSE is 21% owned by the Dubai government.  Hmmm... http://cryptogon.com/?p=12338Plot, thickening...  Oh, and wasn't Dubai the entity that bought up some U.S. ports a couple of years ago, and there was a big stink about it? The mole holes go very deep.
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ellen54
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« Reply #12 on: November 27, 2009, 01:56:48 PM » |
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No, we don't even pay in "real" money. We do pay in labor, however. And, oddly enough, we keep doing it and don't make much of a peep.
real money = money earned by our labor, not by manipulation of zeroes in a fancy derivative formula |
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Shamaness
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« Reply #13 on: November 27, 2009, 01:57:20 PM » |
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MtLouie, I suspect the reason they don't just dump some more zeros on the checks is that it's all a very convenient distraction from the actual doom behind the fiat veil. While we're all shitting ourselves over "billions and trillions" of fake money, the real things of value---commodities and land and water---are being usurped left and right for the next genuine downturn in living standards.
Truth.  No, we don't even pay in "real" money. We do pay in labor, however. And, oddly enough, we keep doing it and don't make much of a peep.
real money = money earned by our labor, not by manipulation of zeroes in a fancy derivative formula Yes, it's real to us. Sucks being low on the money totem pole. We keep doing it...until we don't. |
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« Last Edit: November 27, 2009, 01:59:26 PM by shamaness »
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ellen54
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« Reply #14 on: November 27, 2009, 02:03:12 PM » |
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MtLouie, I suspect the reason they don't just dump some more zeros on the checks is that it's all a very convenient distraction from the actual doom behind the fiat veil. While we're all shitting ourselves over "billions and trillions" of fake money, the real things of value---commodities and land and water---are being usurped left and right for the next genuine downturn in living standards.
Truth. No, we don't even pay in "real" money. We do pay in labor, however. And, oddly enough, we keep doing it and don't make much of a peep.
real money = money earned by our labor, not by manipulation of zeroes in a fancy derivative formula Yes, it's real to us. Sucks being low on the money totem pole. We keep doing it...until we don't. Hearing crap news like this makes me want to not just get off GRID but off RADAR when it comes to money, too, and switch to a barter economy NOW. But the freaking IRS even has their hooks into that. Geeze, people, I don't think I realized until just this minute how screwed we really are. |
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