Congressional Leaders Stunned by Warnings

reply to post by sqid4life
I would lie to ask a favor of you all here at ATS.

When and if we get to the point of no return here in these United States.


Please give me the heads when to exclaim, "Wolverines" and head to the hills!


Its going to be a bumpy ride for sure!

You will know when you see people running in the streets just demolishing cars with no police around and home invasions start happening with no response from police and the phone is dead with no electricity;etc...etc...etc. In other words ...it will be pretty obvious at that point. I personally don't think it will ever get that bad but you never know,people do strange things when their life savings has been swept away in one fell swoop.


[edit on 9/20/2008 by CaptGizmo]

FYI:

According to FOX news on tv, a desision will come as early as tomorrow.

Like this wasnt planned or anything. I wish i drank.

sorry double post

[edit on 9/20/2008 by CaptGizmo]

I guess there is one good thing, and that is if the U.S. government purchases these assetts, rather than putting them in control of foriegn investors, it means that the U.S. public will have some say in how these homes are sold on the market, and to who.

It might be a good thing if the government purchases these loans at a discount.

They could offer some of the houses for the people who lost homes in the Hurricaine .Or get a few homeless people off the streets (Mainly women and children and Vietnam vets)Nothing down and small payments every month.Sell it to them at auction prices .
Or they could give them to charity groups and turn them into group homes for disabled peoples or the elderly (instead of nursing homes) ...there are lots of things I could think of to do with all the houses.......



[edit on 21-9-2008 by Simplynoone]

what makes me laugh is Chris Dodd on this issue. he contributed to this problem with his amazingly low prices mortgages

Originally posted by Simplynoone
They could offer some of the houses for the people who lost homes in the Hurricaine .Or get a few homeless people off the streets (Mainly women and children and Vietnam vets)

Or they could give them to charity groups and turn them into group homes for disabled peoples or the elderly (instead of nursing homes) ...there are lots of things I could think of to do with all the houses.......

OMG here we go.

Why don't we just give them all a free lunch everyday and buy them a big screen T.V. as well?

You're not putting any of those deadbeats up in my neighborhood.

[edit on 21-9-2008 by In nothing we trust]

I have been watching closely as to how this thread has developed.

I know this is tough. It will get a lot worse before it gets better...but PLEASE understand this.

This thread has had ZERO political bickering. On ATS, for a thread to have most of the members contributing to be heard in unison is an anomaly and a very beautiful thing.

It is beautiful because, for whatever reason, we were all correct in sniffing out the fact that things were not quite right with the way the world works. This is ATS at its finest.

So what now?

It is time to start thinking about how to take care of our family, loved ones and neighbors. We are at the precipice, and this is our chance to truly come together.

I know I sound sentimental, but isn't it this exact scenario that ATS was made for?

Share ideas, share opinions and for the love of all that you may find holy, DO NOT believe what the Fed or the Government tells you anymore!! You are responsible for yourself and the actions around you.

We are entering a profound moment in history. Make the wise decision.

reply to post by Zepherian


I agree completely and the irony is not only how the economy is in debt but how it debt justified as a selling point aimed at the American people. That's fine, but the entire concept of debt, mortgages, and monetary lending has created a monster that is just now coming out of the closet. This ends up affecting every American citizen in a negative way. Pretty much everyone has some kind of debt. The entire concept of the American dream is built AROUND the idea of being in debt. There is something drastically wrong with this.. The books of some of the most wealthy financial institutions in this country have been cooked for years for Greedy profit of those on the inside.. What results from this corportate and government greed and negligence is a domino effect of instability and market failures. We have been put in this situation by those who possess that negligence and greed. Where is the accountability? We probably won't see it..

Noone will be blamed because it must be the market's fault right? We just need MORE oversight and MORE dollars to circulate into the economy.. All this does is inflate the economy and make the situation worse. It has always been a band-aid to our economy since the dollar was first being printed. That's the entire reason the value of the dollar is a tiny fraction of what it was when dollar bills were first being printed. The debt continues to pile up, inflation becomes more prominent, we see market failures and government bailouts because of government negligence and corporations cooking the books to make it look like they're doing alot better than they really are. But all this is coming to a head. The corporate elitest honeymoon is over (at least it is for some).

About a week ago, in another thread, I likened the mortgage crisis to the illegal act of check kiting in which people write rubber checks, deposit them in other accounts, and then write good checks with money that doesn't exist. That is similar to what is really going on with the mortgage crisis. I think we are on the same way of thinking as far as this goes..

It is NOT government's job to assist financial institutions when they need help. Every investment has risk. That risk is eliminated when you remove accountability and the failure of a company because of how that company was run from the inside. The government is paying all this money because of negligence yet noone is being held accountable to the degree they should be..

For years I have seen Ron Paul DIRECTLY challening the criminal, corrupt, antiquated, broken way in which our economy operates. On 7/10/08 he directly challenged Bernanke and Paulson in a congressional hearing that was nothing other than profound. I have to show it because it is one of my favorite videos on youtube. I watched the replay of this on C-SPAN a few weeks ago.. This is what happened.. Doesn't Paulson just seem like some blabbering automoton who is really good at turning a pile of manure into a birthday cake??





A couple other VERY important videos to watch..
www.youtube.com...

www.youtube.com...

-ChriS

[edit on 21-9-2008 by BlasteR]

In reply to the news broadcast with Ron Paul. I don't know how long he's been talking about getting rid of the Federal Reserve, but thank god somebodies got our backs and I hope that we can get rid of them and find a better solution soon. However, I've also heard that the NWO using the Amero, after the removal of the Fed Reserve, has its own evil agendas... ofcourse, this is just conspiracy theory observation based on my viewing of Zeitgieist. I don't have an extremely educated solution to the problem thats anymore detailed than trying to find a new economic path for a better society, but some of you on here have posed some fairly good ideas, I just hope someone in some level of power that can make a difference, namely at the moment that seems to be Ron Paul, can make people get off their a** and demand this country make a change for the better, for our own sakes and those who'll come after.

People certainly are waking up to the truth Ron Paul speaks. He has a segment tomorrow morning on CNN with Wolf Blitzer. Ron Paul has literally been everywhere the past few weeks, and he's gaining exposure quickly. I just hope his Campaign For Liberty picks up in October and support of the third parties rise!

Wow, I feel really stupid. First of all, I only recently got into politics, because in my younger years I didn't about what was going on with the country as alot of other teens don't. Now I found out just a few minutes after my original post that people have been talking about doing away with the Fed Reserve for fifteen years and nothings changed. And I should probably go back through the last seven pages and see if anyone touched on that. Yes, I need to do more research on the subject of what ideas have already been posed and ignored in this country before I open my mouth about how happy I am someone might accomplish a fix.

While Ron Paul wants to tie the currency to the value of gold, it would be a wrong approach. In the circumstances we are now struggling through, we would be unable to rescue the financial system. Our hands would be tied by the gold, "golden handcuffs" as it were. The Fed Res system allows the bankers to regulate the money supply, which is their own best interests. Frankly, since they know best how to do that and have the most to gain in doing it well, I trust them with the job they know best.

Government regulations have always been in place to control the securities and exchanges in America. Of course, so have laws against use of guns to kill someone. The real question is, why are the existing laws not being enforced? The enforcement crosses many terms of many Presidents, and is not a partisan issue. The President is in charge of enforcing the existing law, and his administration must be honest and diligent.

It has been my observation over many years that the honest and diligent are called "whistleblowers" and the system is run by "good-ol boys" who promote each other.

Like the problems in the new Russian democracy with corruption, we have learned that a nation based on democracy and freedom cannot survive without morality. You cannot legislate it. You must be a moral nation or you will not sustain freedom. Most of us get our moral foundation from our teachers, ministers, and our holy books.

As the nation deteriorates in morality, it will deteriorate in freedom. Any student of the Bible will note the many historic records of the rise and fall of nations due to immorality.

"Except the Lord build a house, they labor in vain who build it."

Let us return to our moral virtue. In the name of Jesus Christ.

Originally posted by Grambler
Heres what really irks me in the whole situation. Go back to the presidential primary debates and listen to all of the candidates mock Ron Paul for his economic policies. Yet almost everything he said would happen has come to pass. Now we have all of congress today acting like they are these great saviors, yet they have all refused to listen to Paul and others say this for years.

Now we have congress people saying, "We regret having to do this, but we have no choice". But they did have a choice. They could have prevented this from happening decades ago, but they either were to lazy to learn about it or criminal wanting it to happen so there friends could get rich.

Shumer was shocked at what was being said? Well, I'm a lowly college student, and I along with countless other people have seen this coming for years. Yet the same people that are shocked today were calling me and others like me kooks for years. Now I'm suppose to trust these people make economic decisions?

We the people should demand accountability. We now have to pay over a trillion dollars in taxes to bail this companies out, and somehow everyone is escaping blame. Now is the time to tell your family and friends just how corrupt these politicians are, and try to get them to stop supporting the garbage Republicans and Dems. Let them know how the Fed is a private bank, and how while our economy is reeling, these jerks are getting wealthier and wealthier.

If anything good can come out of this situation, it would be that average people will start to see just how corrupt our politicians and the Fed are, and we may be able to finally end them both. Sadly, the pessimist in me knows this won't happen, but I'll try my hardest to keep informing people to try to make it happen.

Thank you for this post, I couldnt agree more.

Dr. Ron Paul is one of the greatest Americans in history. Watching him speak was truly a privelage.

If you have doubts, you REALLY need to read what he has said. He is unlike any other politican out there.

HE ACTUALLY CARES ABOUT US AND THIS COUNTRY!!!!!

It is a disgrace that he didn't have a chance in the election.

The hell with Obama and Mccain they are the exact same thing!!!!!!!

Im sick of "the lesser of 2 evils"

[edit on 21-9-2008 by drock905]

Originally posted by jimmyx

Originally posted by Chilled Zen

it is obvious who runs this country...the wealthy through the fed. our leaders in the congress and the white house are mere spokesmen for this group that have profit as their god, and to hell with the citizens. we are merely the unwashed consumer slaves, to be kept on the leash of ignorance. for the general public to recieve a circumcision of their meager savings into the rabbit hole of free-market capitalism is likened to a viscid, pustulant, oozing sore lying in the sweaty, fleshy, folds of a fat and gelatinous ass.

Wait .....isn't that a scene from Star Wars/Return of the Jedi- with Jabba the Hut ????.... but yeah its accurate...

The solution has to be a global one, Americans are not alone in the world,
China and Europe in fact also own vast quantities of bad american debt,I really wonder if anyone ever sees the information available to all or if we just pick out the bits that suit our point of view and state of mind.
Ordinary americans ( working class that is) hardly have any savings,
you owe money on credit cards and usually have a mortage that consums whatever is left...,so what?! Who actually owns your house, the banks right ?! So what happens if they go bust because we can no longer
give them every dollar that we make, including a large % of the taxes that we pay in form of the national debt. Do those houses disappear ?
Does your fat gas guzzling vehicule vanish? No, not a bit of it, what happens if the world monetary system goes bust because the slaves can longer earn the interest to keep it going ?
Back in the twenties and early thirties new monetary ideas had a chance
because the government ( the slave masters) no longer had full control,
in one district town called Wörgl in Austria the local credit union printed their own money, you could borrow this money for no interest as long as you invested or spend all of it within a month, if you did not it would cost you some % when you traded in for new money( new money was printed every month)
So money was used primarily as a means for trade and investment, nobody tried to hang on to it because it was not generating any capital in itself. The result was that within one year the district of Wörgl had the
healthiest growing economy in all of austria and what do you suppose
happened then ? The Bank of Austria stepped in declared itself
as the only legitimate issuer of money in Austria and things returned to the status quo. That is the reality of our present monetary system,
the federal reserve, the ECB, the chinese central bank ( the government) are the institutions that control the money and interest rates, so who goes bust if the $ or € loose their value ?? It could be so simple...!

Here is the really scary part of this new legislative proposal.

www.tickerforum.org...

globaleconomicanalysis.blogspot.com...

Sec. 8. Review.

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

This is the section that should have everyone calling their congressional representatives in today. I intend on voicing my opposition to this amendment today.

They sure named this section properly.

reply to post by poet1b


ya, it's the real estate equivalent of the patriot act...giving the government unrestricted power over our property..
but....well...this is a capitalistic society, we shouldn't have programs to help the llittle guys survive!! if he can't survive, well, that's his fault....if you want us to help him, well then you're a socialist, move to france, or better, move to russia....the tune changes though when it's their stock investments that have been screwed!

again, I would like to point out...
what is good for the stock market isn't necessarily good for our country! I am really beginning to thing that some think that the stock market and the corporate world IS our country. but, it isn't, they corps can leave our country in a shambles and just go to virgin territory and rape anothe country after they are done with this one.

reply to post by poet1b


Again I will repeat myself: if the rest of the world economy goes down it will not be because of the black hole of lack of US goods or jobs, you're only 350 million people, we are over 6 billion outside your borders. Other corporations and national economies are more than apt to pick up the slack.

If we go down it will be because we are invested in the same corrupt debt based fractional reserve monetary system that is designed to expropriate everything we own. Russia, China and the EU each by themselves are probably bigger economies than the US, discounting the military sector you guys have which is disproportionate and generates little in the way of positivity in your lifestyles.

If we go down it will be for the very same reason you go down, not because you went down. This to anyone who knows what a fractional reserve banking system is, should be obvious.

What is happening is a pure financial crisis based on the lack of money in the system. It's like an engine running without oil. Sure, it will go a bit, then it grinds to a halt and is left broken.

reply to post by BlasteR


Thank you for your reply and for highlighting Ron Paul as one of the few politicians who both has a clue and gives a damn. It was scandalous how the media sidelined him in favour of puppet McCain and Obama. Now that everyone is realising they will go down the crapper with the economy they will come running to Paul like scared little children, because he is one of the few offering solutions and I think by now everyone knows the FED did it.

The main architect of this mess was Greenspan, you know, the same guy that in the middle east was talking against the dollar. I wouldn't be surprised to find out he was a Rothschild agent.