Why are we in an economic crisis if we have BAILOUT MONEY?
puremagic
Posts: 1,907
Is this the only way Bush could bring the control of the stock markets under the feds. I bet this will bring about the automatic privatization of the Social Security pensions.
SIN EATERS--We take the moral excrement we find in this equation and we bury it down deep inside of us so that the rest of our case can stay pure. That is the job. We are morally indefensible and absolutely necessary.
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who here still thinks these ceo's deserve to get paid a trillion percent more than the workers? ...
"Bush: We Must Act Now"
Where ya been, buddy?
Probably in Crawford, TX, or taking a nap on the White House couch.
Sheesh.
Trickle down economics never has worked and never will.
One of the qualifications of being a republican is being a greedy ass selfish prick warmonger.
What are you even talking about? The FED is the party that has been bailiing out companies. By the way, the FED is independent. That said, the Treasury and the FED worked together to avoid more problems in the financial system because it was necessary for them to work together. It was also necessary for the FED to work with monetary autorities across the globe throughout this ordeal. Do you really think "Bush" is doing any of this? Come on.
And what the f does this have to do with privatization of social security?
This place is so annoying sometimes.
Yes, we have a lot of debt. That said, our sovereign ratings are still very good. I'm not trying to say we should spend all this... so don't get me wrong. I actually dislike most of it. But, all in all,.... unfortunately, something needs to be done. In my opinion, if you really want to blame someone, blame Greenspan. I know he's not completely responsible, but he is without a doubt responsible for much of this mess.
enjoy....
http://www.crooksandliars.com/2008/09/18/cafferty-mocks-mccain-is-privatizing-social-security-really-a-good-idea/
and make sure you blame Phil "i hate whiners" Graham, as well....
This movie explains the creation and purpose of the Federal Reserve...
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit.We are 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.”
- Woodrow Wilson 1919
"If you watn to remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nation's credit" - Sir Josiah Stamp
"More Debt = Debt = Slavery
Self-Generating Debt"
It said "Life is nothing but a dream."
I've spent so many years in question
To find I'd known this all along.
To answer the question posed by the thread title - it's because all the citizens and companies have been robbed of their money via taxes.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
Give me a break. I really hope you're more knowledgable than that.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
Look at what those private hands did with the money.
Look how the government is enabling those private hands to do it again in the future. Let them fail and other companies that want to do things the right way will take their place.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
"The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole...Their secret is that they have annexed from governments, monarchies, and republics the power to create the world's money..."
THE MONEY MASTERS is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure that rules our nation and the world today. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money.
The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth. With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned "central" bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation, including America, has fallen prey to this cabal of international central bankers.
Segments: The Problem; The Money Changers; Roman Empire; The Goldsmiths of Medieval England; Tally Sticks; The Bank of England; The Rise of the Rothschilds; The American Revolution; The Bank of North America; The Constitutional Convention; First Bank of the U.S.; Napoleon's Rise to Power; Death of the First Bank of the U.S. / War of 1812; Waterloo; Second Bank of the U.S.; Andrew Jackson; Fort Knox; World Central Bank
If I opened it now would you not understand?
You know why you are annoyed because you keep defending a PARTY, start looking at what either party is saying as to how it will benefit YOU, how it will meet YOUR goals. Screw a party line, the people handling this so called economic crisis will still be WEALTHY at the end of the day, will still be able to afford 7 HOMES and attract $30,000 a plate fundraisers. The question is can they protect your funds, your home, your job, your future and the future of the planet?
My reference was for the federal government, because it is the measures that Congress passes that will impact the people, it's what the Treasury Department announces that will impact the people, regardless of the Federal Reserve or any other outside participants.
You know what, there's a lot of stuff going on and right now with only bits and pieces being released of what is being discussed (mortgages and pension plans, protecting individual money market accounts for only 1 year) as of yet, none of it is set in stone as to how it will affect the people.
Don't act like Bush and his Administration didn't known how bad our economy has been when even the IMF was warning him and his Administration way back in 2002.
http://www.globalpolicy.org/socecon/crisis/tradedeficit/archives.htm
US Trade and Budget Deficits, and the Fall of the Dollar
The End of Empire (September 23, 2002)
America’s growing trade deficit compounded with decreasing confidence in the US economy and the government's role as sole superpower will lead to the eventual demise of US global hegemony. (The Nation)
World Agency Warns on Trade Imbalance (September 19, 2002)
The IMF’s World Economic Outlook warns that an unsustainable imbalance of trade deficits and surpluses between the United States and other developed countries may result in “painful” adjustments. (Los Angeles Times)
Recovery Hopes Hit by Fall in US Dollar, Stocks (July 25, 2002)
The continued decline of US stock prices and the dollar's depreciation has accelerated Japanese banks' deteriorating financial condition. Optimism in the business community that the Japanese economy has finally bottomed out may fade faster than expected. (Daily Yomiuri)
Borrowed Growth, Borrowed Time? (2002)
The second quarter 2002 edition of the Financial Markets Center’s Flow of Funds warns that huge inflows of foreign capital, which fueled the market bubble, have resulted in an overvalued dollar and weak exports. The newsletter speculates that dependence on foreign investment could lead to debt defaults and economic stagnation.
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There's more to read by year if you want to read, just go to the link provided.
Why Greenspan?
Hail, Hail!!!