Stealing the US not just the election

Food for Thought
by Food for Thought
26-Sep-2008
 

They use fear to create panic to allow the public and congress to accept their pre-planned solution. The US will be destroyed. The last depression was created by them. This time it will be worse. Much, much worse! They must allow these failing institutions to go out of business not bail them out with more created money from the corrupt federal reserve that will then charge the US people interest on this 700billion! A fraction of this amount could pay off all US mortgages.

Wake up America it's a scam to steal from you:

Congressman Louis T. MacFadden (R. - PA) We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board [...] This evil institution has impoverished [...] the people of the United States [...] and has practically bankrupted our Government. It has done this through [...] the corrupt practices of the moneyed vultures who control it. [1932]

Listen to this to learn more:

Spread the word... This could be catastrophic for the whole world!

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Food for Thought

Presidential Dupes Sell Their Country

by Food for Thought on

    President Woodrow Wilson Quotes:

     

"A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world--no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men."

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."

[Although he signed the Federal Reserve Act, Wilson later realized he had been duped by the money lenders.]

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Now it's Bush's turn to put the final nail in the coffin of the US.


default

What Is This Money Even

by Anonymous... (not verified) on

What Is This Money Even For?
by Hunter
Fri Sep 26, 2008 at 07:00:05 AM PDT
What Devilstower said in an earlier post can't be repeated enough. The $700 billion figure isn't an explainable one, given the purported problem at hand of "bad mortgages".

And that's where we get that math problem. 1% of all mortgages -- the amount now in default -- comes out to $111 billion. Triple that, and you've got $333 billion. Let's round that up to $350 billion. So even if we reach the point where three percent of all mortgages are in foreclosure, the total dollars to flat out buy all those mortgages would be half of what the Bush-Paulson-McCain plan calls for.

Then we need to factor in that a purchased mortgage isn't worth zero. After all, these documents come with property attached. Even with home prices falling and some of the homes lying around unsold, it's safe to assume that some portion of these values could be recovered. In the S&L crisis, about 70% of asset value was recovered, but let's say we don't do that well. Let's say we hit 50%. Then the real outlay for taxpayers would be around $175 billion.

Which, frankly, is a number that Wall Street should be able to handle without our help. After all, the top firms on Wall Steet payed out $120 billion in bonuses alone between 2000 and 2006. If they've got that kind of mad money, why do they need us to step in now? And why do they need twice as much as all the mortgages that are even likely to implode?

//www.dailykos.com/story/2008/9/26/1001/19511...


Food for Thought

Henry Ford Quote

by Food for Thought on

    Henry Ford Quote

    "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."


farokh2000

True

by farokh2000 on

This is true. They are stealing from the ordinary people and wiping out their retirement funds to keep their buddies in business.

This was supposed to be a Market Economy, in which if you knew how to run your business, you could prosper. If not, you would go out of business. Simple as that.

Now they are bailing out the totally incompetent businessmen, with money from the hard working people, who have no voice in this.

What a disaster. Shame, shame.


Food for Thought

Another link

by Food for Thought on

Actually, this was the link i intended to include the first time:

//www.youtube.com/watch?v=F5KHtj_b0Ro

This is evil unfolding in the guise of helping the tax payer. Hopefully, people will finally wake up...

They're lying to you people... 

 


IRANdokht

Ron Paul: "Whenever a

by IRANdokht on

Ron Paul:

"Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike. The events of the past week are no exception. The bailout package that is about to be rammed down Congress' throat is not just economically foolish.  It is downright sinister.  It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect.  It promises the American people a never-ending nightmare of ever-greater debt liabilities they will have to shoulder.

IRANdokht