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Think the dollar isn't worth anything now just wait till they pump a few more trillion into the economy to bail these banks out.
It doesn't look good. Ron Paul has been talking about this for a long time he is one of the few.

Scary (

i stude of stain in scholool thems are bigens words

I love Ron Paul. He may be the only truly sane and in touch policitican of the bunch. The two clowns running for president are up the corporations's asses up to thier boots. I dont see anything changing with either of these clowns.

_________________
I believe in moderation in everything except excess.
I phuck 'em just to see the look on their face.
Klatu, berata, nicto.

I don't think I've ever been more angry than I am about this bailout. It pisses me off like nothing ever has.

I just feel that the bailout helps those who do not deserve help. I see it as a means by which to keep the rich, rich. I've really ever harbored any ill feelings toward the rich, but I am really mad. I feel that this isn't about dem or repub, but instead just the ole boy network protecting all the ole boys no matter the political affiliation.

Maybe if I knew what would happen without the bailout, I'd feel better.

If this crisis would bring down other countries, then maybe it is a time for someone to lend us a "free" hand. No, we'll just add it to the national debt... a trillion this year and likely half a trillion next year as well.

I'd like to scream at them. Phuck the nice demeanor the press gives when these people are interviewed, I'd like to scream to the top of my lungs, what the Phuck are you doing? Not just about the bailout, but about spending overall. I'd like to put them on the defense like they've never been... up against the wall with my hand at their throat and every time they try to blow smoke up my ass, just squeeze a little tighter. I need to make a Youtube video of this screaming except I'm too shy... anyone what to star in a movie?

Of course Malthus lived in the late 18th and early 19th century when technology by today’s standards was primitive. If one is to interpolate his theories to today, one might see the culling of the population through a gradual return to a Dark Ages II. Here are some possible scenarios: if the fundamentalists (Christian or Muslim) win the culture wars; or the environmentalists are correct and we do have significant climate changes which could effect the production of food; or that the MRSA becomes a pandemic, etc. It is true modern science and technology have stayed a cataclysmic adjustment to the population, but currently, there are real threats to the homeostasis of the Earth’s population.

The debates about free trade and isolationism (not intervening in the affairs of other nations) go back to the heated debates among America’s founding fathers. Today, one of the standard bearers of that bent in addition to Ron Paul is Patrick J. Buchanan. His book Day of Reckoning is a well documented and severe attack on what is happening in the United States.

Whether or not America has seen its best days is not fully clear. But what is clear is that the future of the American economy is unstable and tenuous. The ship isn’t just heading for the rocks it has collided with the outer rim of jagged crags and is taking on water.

The people who going to be bailed out are Free Market advocates, those who believe in what Adam Smith called the Invisible Hand.

According to Smith, mankind is motivated by selfishness and greed, that really fits doesn't it? But Smith felt that competition in a free market would temper the selfishness and greed thus maintaining equilibrium of prices and costs.

The problem with this so called Free Market is that it isn’t. Instead, of the economy being guided by the invisible hand, it is now being guided by the visible hand-out.

You have a right to be angry. The American people are getting taken to the cleaners.

Here's some good stuff. The whole thing you guys have to remember is that our money is fiat...or in other words, government issued. It is backed by nothing and controlled by private bankers. If you can understand this concept then the mystery unfolds. It's not really that hard. "Once you know the truth, you can no longer believe the lie."

http://www.youtube.com/watch?v=LX2DgN1V ... re=related

dapanz1

Not to dispute Brother Srilm too strenuously but of course it's a bailout ---of the European banks that bought all this toxic paper. The thing of it is, just as in the Chrysler bailout, the Feds may actually make money again over time. The question is, will the the real problem(s) be confronted and remedied or will we have another unthought of bubble in another 20 years? We seem to engage in a useless major war every 20-30 years so what's so different about these unlearned lessons? I am sanguine over the prospects. I say in all brutal honesty that I'm glad I'm as old as I am and with no progeny, and feel real damn sorry for you younger Brothers or those with Ch*ldren. And by the way we can continue you to feed the world for generations if we'd quit the insanity of using foodstuffs to produce ethanol--the Brazilian model is so much more sensible.

_________________
"A man accustomed to hear only the echo of his own sentiments, soon bars all the common avenues of delight, and has no part in the general gratification of mankind"--Dr. Johnson
"Amen, brother"-ED

It is not only a bailout, it is a massive bailout. The biggest in history! It alleviates and eliminates the massive debt created by greed, a lack of meaningful regulations and overleveraging, from the nation’s largest investment bankers and commercial banks.

Christopher Whalen is a well known risk manager and consultant to the financial industry. He advises investors, auditors and regulators. The conservative analyst was quoted: “The joyous reception from Congressional Democrats to Paulson's latest massive bailout proposal smells an awful lot like yet another corporatist lovefest between Washington's one-party government and the Sell Side investment banks.”

These are the largest of the banking houses, not ordinary investors, not ordinary mortgage holders, not people like you or me. These are the wealthiest of the financiers who got themselves into massive trouble and now are manipulating Congress with the full aid of the Administration to fleece the taxpayers by shifting the costs to the public treasury. And ther are no stings attached, nothing to comply with, no new regulations to resolve the issues that created the problem. It is like buying a drunk a case of booze because he broke his bottle in a stupor.

Secretary Paulson and the Federal Reserve have proposed essentially the same bailout model as the government used in the 1980s during the savings and loan system collapse. But the savings and loans had real property as assets which were used for collateral. They had commercial buildings, homes, ranches, farms, and factories. Those properties were sold by the RTC (Resolution Trust Corporation) to recoup the losses acquired by the bailout. Then those properties were sold at bargain basement prices -- pennies on the dollar. Who bought them up? The same people who created the savings and loan crisis in the first place.

This fiasco is different because the losses are largely non-material. In other words, they are paper, derivative contracts and other potentially worthless pieces of paper. There are limited or no assets to back up the paper. If the assets exist, they are probably not worth the face value of the paper.

Over the past 30 years, Americans have been bombarded with sermons from the religion of the Free Market. In the course of selling us on buying more and more; bigger and bigger, the market-worshippers tried to convince us that all concerns about the safety of the economy and our investments could be left up to them and the self-correcting calculus of supply and demand. To them, Government involvement and regulation was an anachronism, indeed an impediment.

The last few weeks have demolished that notion. In the battle over the proper role of government, the high priests of the church of the Free Market -- including the Administration and the Masters of Wall Street -- have suffered a monumental defeat.

If they have been defeated, why are we allowing them to dictate the terms of their surrender?

This legislation will undoubtedly pass because it will be done quickly. It is like the classic game of the shell and the pea, you see seomone moving the shells but you don't know where the pea is because the shell game is moving too fast. What the hell happened! There are two things going on in this fraud as in nearly every fraud: 1.) Things are move quickly and, 2.) The things that are going on are confusing to most of us. The American public will figure it out in the eventually, but it will be too late.

The financiers will pull this off, they will grow richer and you and I will transfer what little wealth we have to them because we will transfer their debt to us, through an ingenious little system called federal taxes.

It's a bail out, it will effect all of us and we lose.

Well stated. I have nothing to add because you covered it all. That is what I meant when I said that we live in a corporate dictatorship.

_________________
I believe in moderation in everything except excess.
I phuck 'em just to see the look on their face.
Klatu, berata, nicto.

If this weren't a website concentrating on Costa Rica nightlife, I'd love to lay it all out. But I'm sure I would be violating the TOS. Keep searching, you are finding the truth. I just have to keep pounding in to you guys that we have a fiat money system. In other words, fake money.You money works today but tomorrow is not promised.

dapanz1

The video did explain a lot. The entire world operates the same as we do so I guess it is what it is. I don't see this ever changing unless a complete collapse were allowed and we start over. Understanding the system only makes me feel worse, not better so thank you very much!!!

Is the banking system the problem here or were the CDOs the problem? Both are, I know. I'm extremely ignorant about all of this so forgive the stupid questions/comments, please. I guess it is a two fold problem, firstly the banks made bad loans which makes the fake money even more fake (I can see this now in a big way) and secondly, package a few good mortgages and a lot of bad mortgages then get a corrupt ratings agency to value them nicely without even knowing what is enclosed makes an already bad situation many, many, many times worse. Of course, only the tip of the iceberg, but I'm getting closer.

The more I know, the more I think it is all smoke and mirrors. The fix is also smoke and mirrors, of course, it has to be. The powers are so afraid that if the people of the world become too uncomfortable unrest and even civil war is possible. To prevent any discomfort, the powers will do anything to mask the problem with a fix that is just more smoke. This is what my little brain has dreamed up about their thinking/actions.

Here is a scary little example of what seems to be transpiring in this bailout fiasco:

“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.”

-- Language from Section 8 Treasury Financial Bail-out Proposal

As the average American does not understand what is going on, this is going to slip right by.... After it is done, you will hear people pissing and moaning about it, because it will take a little time before the American people understand what has happened.

TW, I agree. That is probably the scariest part.

Ok, this is testimony from today. Again, my hero comes through.

http://www.youtube.com/watch?v=dv6rQ0U01Yc

dapanz1

Notwithstanding what the Treasury Secretary (representing the Executive Branch) wants or is granted by Congress, the Judiciary is the final authority on what shall or shall not be reviewable by courts of law or is Constitutional so I don't put a lot of credence in what Section 8 or any part of this bailout legislation says. The Supreme Court is justifiably jealous of its prerogatives and has been since the showdown in 1804 (Marbury vs. Madison). My mouthful-of-marbles way of saying, this sh*t ain't played out quite yet. I do fear this law or Administrative fiat effectively nationalizes banks, insurance companies and other players in the financial sector 'til the Supremes chime in though.

_________________
"A man accustomed to hear only the echo of his own sentiments, soon bars all the common avenues of delight, and has no part in the general gratification of mankind"--Dr. Johnson
"Amen, brother"-ED