AIG is money laundry scheme, Congress is using Misdirection! (Glenn Beck)

Oh come on like Glenn Beck has any crediblity or intelligence.

The guy is a moron.

Be very careful with the "US taxpayer money going abroad" complaints. The financial systems are more intertwined than that simplistic self centered attitude implies. It was , after all, the default of the US sub-prime toxic loans that triggered the current worldwide collapse. NB I said TRIGGER not the single cause. The cause of the collapse was the worldwide trade in artificial (computer based) money between banks OF MANY COUNTRIES. All these banks owned, traded, borrowed, lent etc money between many countries.

Now the charge that the bonus complaints is a distraction is nothing of the sort. It is outrage that even the politicians are finally waking up to. They still have a way to go yet since they still seem to place "executives" on a tax free untouchable pedastal !!!!!

There is no point in appealing to the morals of these obscenely rich executives since they don't have any. In that sense it is indeed legalised money laundering. The problem is that if these institutions are allowed to collapse those that caused the collapse will still have their money!!!! The creditors of those failed institutions will be looking to claw back their money from the debtors. Guess who the debtors are ? YOU AND I with our mortgages, bank loans and credit cards. Our savings (unless legally protected) are lost. WE LOSE THE IDIOT EXECUTIVES STILL WIN.

So unfortunately we have to prop up the institutions and then re-form them into something that works for us. In the meantime the excutives should be hammered in any and every way possible.

reply to post by grover


Well Grover, Beck is a "pseudo" journalist who gets his stories from the internet, just like the rest of us. Doesn't mean he's wrong...

Kudos to the OP and Glen Beck for bringing this scheme to the attention of the American people !

Sadly, this is just 7 days and 76 years since this whole "sending American tax dollars to foreign pockets" thing started

March 9th, 1933 - the US federal government declares bankruptcy

FDR goes to the street (international banking community) for the money to "bail out" Uncle Sam.

No problem the international banking community(Morgan,Rothschild,Rockafeller) are more than glad to help.

All loans need collateral- the collateral that FDR offers the bankers is the American workforce. He pledges a wage tax to be removed from the earnings of each American worker before the worker even gets the money!

FDR introduces the social security system, which pulls money from every workers check to go to a special fund to help retired workers.

It seems like a nice idea until you examine its structure and discovey that it is the same basic structure of a PONZI scheme- the old investors(worker) are paid by the investments(taxes) of the new workers

Bernie Madoff wasn't even born yet

This is the beginning of withholding taxes - W2 forms document that the worker volunteers 30% of each paycheck to pay the interest on the foreign loans, that we call the federal budget !

"Meet the new boss same as the old boss"
Won't Get Fooled Again - The Who

Originally posted by NWRHINO
March 9th, 1933 - the US federal government declares bankruptcy

March 23rd - Volsted act amended by Cullen-Harrison Act - Roosevelt allows 3.2% alcohol beer.

Dec 5th - 21st Amendment repeals prohibition of alcohol

They really waited for the government to fail first. They could have had the alcohol tax revenue back years earlier. And for those who don't know, the alcohol tax was the biggest thing going till the income tax.

Originally posted by Blagojevich
You're right, lack of government oversight is what allowed this to occur. Of course, this logic is what conservatives and libertarians will not allow you to believe, as this contradicts their failed ideology.

I hope and believe that you mean "conservatives and lberals" rather than "conservatives and libertarians". As examples, Sean Hannity is a conservative and his former counterpart Alan Colmes is a liberal. Rush Limbaugh is conservative and Al Franken is a liberal.

A Liberal (often of the democrat party persuasion, though there are conservative democrats and liberal republicans) is very different than a Libertarian. Most Liberals are essentially socialists that believe in big goverment and that the government should provide all services and protections to the public.

Libertarians stand for self-reliance, and independance (freedom) from government. In many ways a Libertarian is a what I would call a Jeffersonian. In some ways it could be said that they utilize some ideas from conservatives and liberals.
The last time I looked at the "official" Libertarian platform, it was quite interesting.
The libertarian believes in small government. Elimination of the unconstitutional income tax and the dismantling of the Federal Reserve. The elimination of military alliances like NATO (they are anti-war). Protection of 2nd Amendment rights so that we can protect ourselves from the government and others that intend to hurt or steal from us. Legalization of abortion. Legalization of most drugs, especially marijuana (which would save billions in prison costs). Term limits for Senators and House of Representatives.

Some people consider libertarians to be anarchists. This is not really true. It is true that many professed anarchists are drawn to the libertarian platform. The libertarian does not advocate the elimination of goverment, but instead a very substantial reduction in its size and power.

reply to post by marg6043


Well they are getting away with it and you are letting them, you don't want to do anything about it because you think someone else will, no they won't, we've all been broken down and destroyed by PC liberalism and we won't do anything about it. I say home grown extremism will be the end result of all of this because some people still have balls.

Beck made a great point about the contracts though.
You cant let the government come in and say a contract is not valid, that means they can do that to all lawfully valid contracts, taking another step to socialism. Damned if you do, damned if you dont.

I think I read somewhere that AIG now has armed guards at its front doors. I would to if I were them.

This whole thing is frustrating and you just get angrier by the day.

Good post Dave, a lot of people dont watch Beck I think, but I am a fan, I dont agree with everything he says, but I thought he was right on last night.

[edit on 18-3-2009 by lardo5150]

reply to post by Blagojevich


Wow, you should really check facts before you post and try to rock everyone's boat.
You can't even get your Sig. correct. We were on the Gold standard until 1972.

You sound like a racists. And who are you to put down everyone on this board? Calling us low class and poor does not cut it. Your a real piece of "Work". If you get my drift...................

Everything about you, your login name, the posts you make, seem like extremeism to me. You are one of these sick people that have no point, have no facts, and has only one purpose of pulling people chains.

I would put you on my "respected foe" list, buy you don't qualify.



As far as our funds going overseas, I am sorry, but the countries can do their own thing right now. When it comes to false debt on banks, they can simply remove it with a key stroke and lose nothing.
They create money out of nothing and risk nothing. That's what is so great about this whole deal.
They put us in false debt to them so they can take real property, gold and enslave us.











[edit on 18-3-2009 by j2000]

reply to post by malcr

Be very careful with the "US taxpayer money going abroad" complaints. The financial systems are more intertwined than that simplistic self centered attitude implies. It was , after all, the default of the US sub-prime toxic loans that triggered the current worldwide collapse. NB I said TRIGGER not the single cause. The cause of the collapse was the worldwide trade in artificial (computer based) money between banks OF MANY COUNTRIES. All these banks owned, traded, borrowed, lent etc money between many countries.

The financial systems are not intertwined by nature. There were purposefully engineered that way by the supranational bank cartel to empower themselves over what they consider to be the 'soon-to-be-extinct' self-deterministic governments.

This is a criminal scam on a global scale orchestrated by 'corporatists' who saw the naive trust nations afforded one another and seized the opportunity to become a permanently entrenched oligarchy.

They SHOULD be prosecuted. Not AFTER we fix this mess, but NOW as PART of cleaning up this mess.

Problem is, they have usurped electoral systems and media world-wide and as such the people we have been conditioned to believe are 'our' representatives are pussies (pardon the vernacular) and many of them are just trying to wedge themselves into the 'winning' side of the conflict.

This IS economic terrorism and warfare, with seditious traitors clustering together to maintain the facade.

They do not believe in National Sovereignty and they have engineered a framework that 'forces' them to 'go along' because they won't admit that the well-educated celebrity elite are ever wrong - they went to college.

It's the worlds largest ponzi scheme. Makes Madoff's ripoff look like childs play.

Cmon, think about it. These take hundreds of billions of dollars from us the taxpayer. Then pay themselves millions of dollars. Then come back asking for more? Great! We all own about 80% of a failed corrupt business. Awesome!

Just wait till their stock gets devalued to junk status. Madoff in his wildest dreams never thought about a scam like this.

reply to post by j2000


Hold on, don't you lot owe $10Trillion to the rest of the world, I'm sorry you ran up the debt, you pay it back, maybe selling those SUVs and moving to smaller houses may help or better yet overthrow your incompetent government. The only way out of debt is to pay it off as quick as you can and make sacrifices, either that or go for war or just decide not to pay and face the consequences.

reply to post by spitefulgod


When that happens is a nice littler bill in congress waiting for that moment to be passed, the home grown terrorist act.

Very conveniently redacted to deal with Americas insurrection.

reply to post by David9176


Maybe Glenn Beck has had a change of heart. If this continues, I may catch a few of his shows. Perhaps somebody handed him a list of "talking Points" and he got fed up.

Still, for now I regard him as a conservative. But he is making new friends with his newfound expose' style.

The truth sells. The truth is hot.

Originally posted by spitefulgod
reply to post by j2000

 

Hold on, don't you lot owe $10Trillion to the rest of the world, I'm sorry you ran up the debt, you pay it back, maybe selling those SUVs and moving to smaller houses may help or better yet overthrow your incompetent government. The only way out of debt is to pay it off as quick as you can and make sacrifices, either that or go for war or just decide not to pay and face the consequences.

You know, you're the second poster in a few days who I have heard make a comment implying that 'we' the US owe this money.

First of all:

A: There IS no money - there NEVER WAS money
B: The transnational BANKS did this, not the people
C: It is criminal - they may not call it so - but it IS. If I get mugged in your country, do YOUR taxpayers owe ME money?
D: Your BANKERS knew EXACTLY what they were doing. They conspired along with the transnational banking cartel to execute a plan to siphon global wealth into their coffers. This was no American plan.

Second,

You OWE as much as we do. Why on earth is it OK to blame the US when your 'special elite' were knee deep in it as well?

reply to post by Maxmars


You don't have to tell me who did this, but the fact is the doors of the fridge were left open by bush and clinton, people then gorged themselves. Yes it's a scam but it has to be sorted out in the correct manner and people not paying there public debt will just result in war.

BTW, our prime minister looked after our finances for 11 years before the government decided (without voting) that he should be the mighty leader. He knew what was coming and probably had his part in it's creation more so than bush, unfortunately there is no way of getting rid of him short of assassination.

I doubt there will ever be an honest government so we are all going to have to foot the bill, no exceptions.

reply to post by spitefulgod


Agreed. Sorry for the rant - I meant no disrespect.

Should Congress be held accountable as well for their lack of vision and culpability in this AIG debacle? While they give themselves raises for the same lack of performance as AIG. Meanwhile why we are loosing our jobs and homes. We are being asked to cut back, due without, and sacrifice, while these scumbags get away with murder.

From my understanding AIG insured these sub-prime toxic mortgage backed securities. Now that the securities are down the tubes AIG is forced to pay out the insurance on them to the banks that bought the insurance. So of course money is going to banks overseas. Its going to whoever had bought the insurance on these securites.

If your house burned down your insurance would have to pay for it.

Well these mortgage backed securities burned down and now AIG has to pay for it.

They were extremely stupid in insuring such risky things, the people who thought of doing this should be jailed or at least fired with NO bonus and NO severance whatsoever. There should be NO incentive for failure. It angers me when i hear the likes of Shawn Hannity and Rush Limbaugh saying OH OH you cant take their bonuses away you cant tax the rich it gives people no incentive to strive to become rich and successful, but I say you cannot give them an incentive to become successful and rich by gaming the system and putting loopholes in place for them to exploit, we need to reward good behavior, good sound common sense, and punish those who spit in the face of logic, reason, and compassion all for money.

reply to post by David9176


In case any of you are interested, below are the locations of AIG Financial Products offices: employees at:

50 Danbury Rd
Wilton, CT 06897
(203) 222-4700


And their other facility located at:
700 Canal St
Stamford, CT 06902
(203) 328-3777

I'm just sayin'....