Frightening!!!!!! (Draft Bailout Bill)

reply to post by marg6043


There are protests being organized for at least a few cities: FedUpUSA
I'll definitely be taking part in the NY event, I'd been considering humiliating myself by going down to the NY fed, NYSE, etc. with some protest material for a few days now . What we really need is a march on Washington and a camp-out at the Fed Res. Those who are informed are getting angry as they rightfully should. I'm not trying to recruit for any specific group, but I feel everyone needs to do their part here.

reply to post by EtSolveMundi


Americans need to find their way to show our government whom they work for.

And yes I wish I was still living in Quantico I used to go almost every weekend to the capital's mall.

I wonder what happen with all the organizers I guess with the growing fascism within the government they have them on a leash.

Well after looking at the link you posted I don't feel so alone anymore, is Americans out there that are no afraid of the moster call the federal government.

[edit on 20-9-2008 by marg6043]

Sec. 9 is the only part that added some relief, but everything else, I do not like. This is a desperate call on our government's behalf. Sometimes, you can't even trust the numbers that proclaim are keeping this economy regulated.

[edit on 20-9-2008 by laiguana]

reply to post by laiguana


No we don't laiguana, if you read the entire thread and links posted about this incredible bill that will give totalitarian powers to the fed to do with tax payer money whatever they wish without been question about it, you can even see the stench of the corruption.

They will overpower the government that is elected for the and by the people, when the Fed is an entity run by private bankers and they are not elected by the people.

This is the first thread over 120 posts that I have ever read completely through. fascinating. I'm sitting in my comfy chair quite amused at the shock everyone is having over this bail-out plan.

Don't you all know this is for your own good. You are not to question the brilliance of this necessary plan. I completely agree, there is no other way to rescue the market than what they are proposing.

Thank you good king Geoege et all.

[edit on 20-9-2008 by TH3ON3]

This is bit offtopic but this music video is good, and the images might be what the USA will look like. Linkin Park

www.youtube.com...

If we are allowed to Vote this Nov. we need to vote out every member of congress that has been there more than 2 terms. They have been there to long they no longer know what the people they are elected to represent want or need n these troubled times.

Congress is just as much to blame for this as the Fed reserve, the bankers and the corrupt CEO's. WE THE PEOPLE need to send a clear message to these people that we are tired of corruption, the lies and the bail outs.

The average american has to be accountable for their own finances why don't large corporations?

The bail out of lenders of subprime mortgages is not something anyone wants to do, which is why both parties are distancing themselves from it. But, if we don't do something with all of these bad mortgages held by these companies, there credit crunch will continue and get worse and worse. The Taxpayers will be taking a huge hit on this whole debacle, while the institutions that made the foolish loans will get off relatively easy. They will go back to where they were before all these stupid loans started.

If we don't let the government take on the burden of these horrible loans, more and more financial and Big Business institutions will fail. That alternative is bleaker than having the Government basically "eat" a good portion of these loans. It's not a good situation either way you look at it, you have to take the course of action that will do less damage to the economy.

Originally posted by Vitchilo
Well it's not a partisanship game... both are guilty. The Clinton's administration allowed unlimited credit... creating all those bubbles... And Bush spent like there was no tomorrow... But the Bilderberger were behind this.

From the information that got out, we knew that they pulled the plug and their way of solving all this was to give all the power to the federal reserve... which they are doing.

I don't often agree, but you are absolutely correct. Everyone had a part in this train wreck. Trying the blame game now won't really help the situation. Social Security and Medicare are still looming around the corner too. There needs to be REAL BIPARTISANSHIP on solving all these looming dark clouds, once and for all.

Originally posted by anachryon
Yeah, this is really, really not good.

I think it's time I make the difficult call to my grandparents and tell them to move their life savings somewhere safer than the bank it's in now. They were both children during the Depression; this is going to scare them to pieces.

I have no idea where they should move it though. We've been talking about T-bills, but even that doesn't seem quite so safe to me anymore....

There is no safe place to put your money. Assets in banks are now fully insured by the goverment. There is no guarantee how much those dollars will buy at any point of time. TBills will be the next bubble to crash. How can anyone think it is sfae to loan your money to a goverment that already has more debt than will ever be paid of?

We need to use this program to benefit homeowners exclusively and then things will be ok. It is time to make the rich pay for their mistakes without dragging down the American people at the same time. You have to let your folks in congress know what you think though.

Originally posted by elysiumfire


The illusion was so intrained, that you sought to convince the rest of the world of it...the biggest, the greatest, the best, the bravest, the most free, but in fact, America is the most debt-ridden, corrupt, insular and indifferent country on the planet, and Americans are awakening to the fact...why? Your politicians are showing you why!

If you think the rest of the world is going to get out of this unscathed think again. I am not sure which glorious paradise of fiscal frugality you live in, you did not regale us with that bit of info, but I am willing to guess that the leaders in your country have been playing a very similar sort of ballgame.

Our country is in crisis because somewhere along the line we lost our democracy to corporate interests. They are, as you have pointed out, selfish, corrupt, uncaring for humanity and human suffering, short sighted, ruthless and, ultimately incompetent. However, if you think in this global marketplace that those same forces are not at work in your own backyard, I would say you are sorely mistaken.

Multinational corporations have no loyalty to a country. They care not a whig for the people, the culture, the sovereignty of any nation. When they have finished taking all the American people have to give, where precisely do you think these bloodsuckers are off to next? I bet they are already there. Just waiting.

reply to post by dgtempe


Really, can you explain why small stock (banking) is going nuts? I have a few friends go from nothing to rich beyond belief this week. No news on that though. Seems like that should be the real story. If my stock going up 18-20 dollars in a week is commie...call me a red

Originally posted by dgtempe
Are you ready?

This has all the earmarks of a Communistic power grab. Only fancier and more thought out....I will tell you right now, Bush AND CONGRESS are playing "Good cop, Bad cop" with our brains.

This is no longer a conspiracy theory. They have brought about the illusion that they are helping while at the same time they grab control of everything and bring us all to our knees. Next will come the announcement that due to the financial emergencies elections have been postponed.

Its all unfolding.

I urge the mods to allow us to speak freely about this situation, its a coping tool some of us have, and we need to vent (politely) about this situation. Thank you.

Well I agree mostly, but I would say this is FASCIST act ...

Socialism/Communism starts from the bottom up as it takes hold.

So unless the "people" get a stake in this it is Fascism. TOP makes the RULES and assigns other TOP players to do the POLIZI-

I heard on TV last night on CNN before this bail out that the debt at this time is 455,000 per household. Now this. I see this as nothing more than a shell game. We don't have this money. I feel that this is being done to allow certain banks, people etc to cover or save their butts while we go down.

I also went to the store today. I was afraid of the economy prior to this week and paid bills ahead so I could go to the store and really stock up just in case. I was stunned at the prices. 8 months ago tuna fish at Wal Mart was 57 cents a can. I paid over a dollar a can today. People were openly talking about prices in the store. One woman said this insane and left her cart half full in the middle of the aisle and left the store.

I went and withdrew all of our savings today. I am thinking about closing the checking account too. When I did this the bank cautioned me about taking that much money out of the bank ( it wasn't THAT much) and I thought you have a lot of nerve to talk to me about my financial well being at this moment in time.

This is bad. REALLY bad. I'm worried as are most.

Watch the stock market soar on Monday due to this bailout. It is insane.

I hope there is a big crash in the banking system and pretty much everything else, people need sometimes to be slapped around a bit to wake up. Everything the government does to mess with markets benefits those at the top. They create their own problem and say "sorry, we're too stupid to predict how these things are going to turn out even if we are economic geniuses" then they get what they want. It's time the system crashed so we could hopefully build something that is not based on ignorance. An economic system shouldn't rely on people's ignorance to function.

reply to post by Illusionsaregrander

I agree with you that the rest of the world needs to sit up and take notice of what is happening in the U.S.

If the U.S. fails the rest of the worlds economies crash also. in this age of a global economy IF one major country Fails the others follow Suit. All the smaller economies that have had trouble in the past didn't create that big of a ripple because the U.S. economy absorbed most of the worlds trouble.

When the U.S. economy fails and it will even with this bailout it will race around the world and make the great depression look like a recession. So i ask would you rather have it now and get it over with or do you want it by the end of the year?

Well I will not take my money out of my bank yet, see the bail out bill will keep the markets looking good for a while, but then the national debt will keep increasing while the tax payer pockets will be decreasing.

What we need to understand is that the incredible amount of money use and propose for the new powers of the fed have to come from somebody and that is us the tax payer.

Is not other way around, either the government begs for more foreign nations to buy the debt of they will squeezed us the tax payer until only blood will be dripping from our pockets.

While the bankers will be backing their wealth with that blood.

Sorry to say this but as usual as long as the markets look good and working nobody cares who pays the piper.

[edit on 20-9-2008 by marg6043]

reply to post by mental modulator
I understand what you say. However the powergrab exists in Communism as well and i used the scenario because i come from a communist country and lived it.
But yes, this isnt quite the same.

I thought i'd be cured sometime of Post Traumatic Stress Syndrome and its coming back to bite all of us in the butt again.

reply to post by dgtempe


I think he doesn't understand that in communist countries the leaders do not have to hide behind laws to pretend that they are serving the people while reaping the people off.

Here in our nation our government is giving the power of the people to an agency that doesn't answer to the peoples will and the people do not even vote to elect any of their board members supported by the elite bankers.

That is totalitarian powers under the same law that is only to protect citizens.

reply to post by elysiumfire


Americans are no different than any other person. I don't see that there is a difference in hardware between people. Every countries has it's problems, its quite noticeable. Still, even with its problems, there are many people trying to get in so they find some benefit for themselves here. Their countries must be really, really screwed up if ours is so bad