(Click title above)
.
Unprecedented Bailout:
Snippet from http://moneynews.newsmax.com/streettalk/ben_stein_wall_street/2008/09/22/133078.html?s=al&promo_code=6AFA-1:
Ben Stein, economist, author, former presidential speechwriter, and occasional actor is angry about the current economic earthquake that has rattled U.S. and global markets and he wants everyone to know.
He's particularly peeved with the $700 billion proposed Wall Street bailout and its architect, Treasury Secretary Henry Paulson.
In a CNN interview, Stein said Paulson should be "fired yesterday."
Paulson is a disgrace to the Republican Party and to his country, said Stein. Another target of Stein's ire is Wall Street itself.
Stein says he'd like to see President Bush on national TV "with Mr. Obama to his left and Mr. McCain to his right and say we are going to make sure that you Americans are going to stop being looted by Wall Street."
“It's a first-class disaster. The worst Treasury regulation of the economy in my lifetime. ... The effect of this on the ordinary investor and pre-retiree ... is just catastrophic for the free enterprise system."
See also http://moneynews.newsmax.com/.
****
N.W.O. EQUALS NEO-FEUDALISM:
CONSPIRACY SPECULATION:
The driving force to globalism is international socialism, subject to near total control by those entrenched at the helm. The key here is not the socialist aspect, but the totalitarian control aspect. The socialist aspect is wolf-in-sheep’s-clothing, luring us to totalitarianism.
As taxpayers and citizens underwrite the solvency of large financial institutions, many at their helm milk sustenance not from their own work but from the rest of society’s payments of interest on such obligations.
Major shenanigans fit neatly, hand in glove, with a pre-plan for transitioning to neo-feudalism.
The present financial meltdown occurred as a result of putting Ponzi incentives in place to promote a pyramid of unsustainable housing loans. From there, a direct line connects the need for society as a whole to undertake to guarantee solvency for variously involved financial institutions.
Society, indeed, much of the world, having been led to volunteer for such undertaking, has been led to volunteer for serfdom, to enrich and empower those entrenched at highest levels to hold claims to interest, perhaps beyond scale.
At breath taking pace, we are being reduced not to co-masters of our social community, but to debt-slaves to those masters who hold rights to collect interest on the most superior loans.
The world is being reduced to three totalitarian-socialist sectors: Communist Sector, Islamofascism Sector, and Social Business Sector. Are/will the eventual heads of such sectors meet and serve the same “Third Foundation”?
.
Unprecedented Bailout:
Snippet from http://moneynews.newsmax.com/streettalk/ben_stein_wall_street/2008/09/22/133078.html?s=al&promo_code=6AFA-1:
Ben Stein, economist, author, former presidential speechwriter, and occasional actor is angry about the current economic earthquake that has rattled U.S. and global markets and he wants everyone to know.
He's particularly peeved with the $700 billion proposed Wall Street bailout and its architect, Treasury Secretary Henry Paulson.
In a CNN interview, Stein said Paulson should be "fired yesterday."
Paulson is a disgrace to the Republican Party and to his country, said Stein. Another target of Stein's ire is Wall Street itself.
Stein says he'd like to see President Bush on national TV "with Mr. Obama to his left and Mr. McCain to his right and say we are going to make sure that you Americans are going to stop being looted by Wall Street."
“It's a first-class disaster. The worst Treasury regulation of the economy in my lifetime. ... The effect of this on the ordinary investor and pre-retiree ... is just catastrophic for the free enterprise system."
See also http://moneynews.newsmax.com/.
****
N.W.O. EQUALS NEO-FEUDALISM:
CONSPIRACY SPECULATION:
The driving force to globalism is international socialism, subject to near total control by those entrenched at the helm. The key here is not the socialist aspect, but the totalitarian control aspect. The socialist aspect is wolf-in-sheep’s-clothing, luring us to totalitarianism.
As taxpayers and citizens underwrite the solvency of large financial institutions, many at their helm milk sustenance not from their own work but from the rest of society’s payments of interest on such obligations.
Major shenanigans fit neatly, hand in glove, with a pre-plan for transitioning to neo-feudalism.
The present financial meltdown occurred as a result of putting Ponzi incentives in place to promote a pyramid of unsustainable housing loans. From there, a direct line connects the need for society as a whole to undertake to guarantee solvency for variously involved financial institutions.
Society, indeed, much of the world, having been led to volunteer for such undertaking, has been led to volunteer for serfdom, to enrich and empower those entrenched at highest levels to hold claims to interest, perhaps beyond scale.
At breath taking pace, we are being reduced not to co-masters of our social community, but to debt-slaves to those masters who hold rights to collect interest on the most superior loans.
The world is being reduced to three totalitarian-socialist sectors: Communist Sector, Islamofascism Sector, and Social Business Sector. Are/will the eventual heads of such sectors meet and serve the same “Third Foundation”?
3 comments:
See http://www.americanthinker.com/2008/09/msnbc_and_the_maturation_of_ca.html.
Monopolized media seems to be serving free "bread and circuses," to distract us from the main action.
Meantime, it matters a little, but only a little, whether we elect McCain. He may at least buy us a little more time, before we sink into international socialism and debt enslavement to a few puppeteers at highest levels.
If human freedom and dignity can be preserved, such will depend upon exertions more challenging than flipping between channels of distraction and choosing between Obama and McCain.
Obviously, Bush is a globalist.
But, if he is really a Republican, then, to quote Howard Beale, we are in a lot of trouble.
***************************
QUESTION: Just why did Bush nominate Henry Paulson to be Secretary of the Treasury?
See http://cei.org/gencon/003,05349.cfm:
Trouble at Treasury: Paulson Wrong Choice for Secretary
Next Treasury Chief Should Be in the Style of John Snow
by CEI Staff
May 30, 2006
Washington, D.C., May 30, 2006—The White House made an unfortunate mistake in nominating Henry M. Paulson, Jr. to be the next Secretary of the Treasury, according to the Competitive Enterprise Institute. The Goldman Sachs chairman's other role as chairman of the board of the Nature Conservancy, which is under investigation for financial misdealings that benefited some of its officers and donors, should automatically disqualify him for the top Treasury job.
“No conservative administration should consider appointing anyone who works for the Nature Conservancy to any position and certainly not to one carrying the high responsibilities of Treasury Secretary. The financial scandals at the Nature Conservancy uncovered by the Washington Post are only the tip of the iceberg. The Nature Conservancy has served as the agent for turning millions of acres of productive private land into federally-owned land and has made huge profits doing so,” said CEI’s Director of Energy & Global Warming Myron Ebell. “The question that needs to be asked is, what will Mr. Paulson be able to do as Treasury Secretary to benefit the Nature Conservancy and its big corporate partners?”
QUESTIONS: As Treasury Secretary, should not Henry Paulson have foreseen what was obvious to John Paulson, the hedge fund manager? Wasn’t Henry Paulson supposed to try to stop the financial meltdown that was easily foreseeable to John Paulson? What are the odds Henry Paulson helped bring the trouble about? Is the FBI investigating enough?
See http://www.myprops.org/content/April-20-2007-Treasury-Secretary-Paulson-The-housing-market-is-at-or-near-the-bottom.-The-U.S.-economy-is-very-healthy-and-robust.-Subprime-mortgage-market-wont-impose-a-serious-problem/.
From http://lucianne.com/threads2.asp?artnum=426572:
Hedge-fund manager John Paulson saw the signs of trouble on the horizon for the US housing market three years ago and made a fortune betting against risky mortgages.
From http://wiki.answers.com/Q/Are_Henry_Paulson_and_John_Paulson_related:
The subprime crisis that's caused so much trauma for hedge funds and investment banks has brought only good news for John Paulson. He's the manager of more than $7 billion in hedge fund money keyed to mortgage credit.
Paulson started warning his investors back in the middle of 2006 that the frenzy to build and sell housing was a bubble about to pop. His New York-based firm, Paulson & Co., made big bets predicting the edifice would soon come crashing down. The wager paid off in the first nine months of 2007, when Paulson's Credit Opportunities funds rose an average of 340 percent.
That gain earned Paulson an estimated $1.14 billion in performance fees for the nine months ended on Sept. 28. Fees on Paulson's other eight funds bring his total to $2.69 billion, which puts Paulson and co-manager Paolo Pellegrini at the top of Bloomberg's ranking of best-paid hedge fund managers. John Paulson is no relation to Treasury Secretary Henry Paulson, the former chief executive officer of Goldman Sachs Group Inc.
http://sweetness-light.com/archive/obama-couples-tricked-into-buying-houses:
So which is it?
We need to give everyone a chance to buy their own house.
Or are people being tricked into buying houses?
****
Community Organizing:
http://www.realclearpolitics.com/articles/2008/09/acorn_obama_and_the_mortgage_m.html
****
http://www.latimes.com/news/opinion/la-oe-goldberg30-2008sep30,0,5468292.column:
Would that Frank had been imbued with such a spirit earlier. Frank, chairman of the House Financial Services Committee, has spent the last few years ridiculing Alan Greenspan, John McCain and others who sought more regulation for Fannie Mae's market-distorting schemes -- the fons et origo of this financial crisis. Now he says "the private sector got us into this mess." His partner in crime, Senate Banking Committee Chairman Christopher J. Dodd (D-Conn.), a chief beneficiary of Fannie Mae lobbyists' largesse, claims this mess is the result of poor oversight -- without even hinting at the fact he is in charge of oversight of banks. They sound like pimps complaining about the prevalence of STDs among prostitutes.
....
The one man who truly tried to treat this crisis like a crisis -- McCain -- was ridiculed by Senate Majority Leader Harry Reid, who implored him to come to Washington to help in the first place. And the news media, which now treat any Republican action that threatens a Barack Obama victory as inherently dishonorable, uncritically accepted the bald Democratic lie that McCain ruined a bipartisan bailout deal last Friday.
....
Obama is no better. The man has spent two weeks irresponsibly excoriating his opponent for saying the fundamentals of the economy are strong -- a perfectly leaderly thing for McCain to have said during a panic. Then, campaigning in Colorado on Monday, the day the market plunged 777.68 points, Obama proclaimed: "We've got the long-term fundamentals that will really make sure this economy grows."
....
Meanwhile, President Bush, his popularity ratings stuck at below-freezing numbers, has decided to cling to Treasury Secretary Hank Paulson for warmth on the grounds that the vaunted former Goldman Sachs chair has the credibility to sell the solution to a problem he's been exacerbating for 18 months. When a reporter for Forbes magazine asked a Treasury spokesman last week why Congress had to lay out $700 billion, the answer came back: "It's not based on any particular data point." Rather: "We just wanted to choose a really large number."
There's a confidence builder.
....
... if there ever has been a moment when reasonable men's hands itch for the pitchfork, this must surely be it.
Post a Comment