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Housing Crash; Market Crash; Job Crash; But Banks Got Bailed-Out - This is Fascism and Will Cause
declaredemer
Member Posts: 2,698
Our great country is under serious duress, and it is going to get worse. Much worse.
Senator Dodd, Chairman of the Banking, Housing, and Urban Affairs Committee, warns of R E V O L U T I O N in the United States of America:
"If it turns out that they are hoarding, you’ll have a revolution on your hands. People will be so livid and furious that their tax money is going to line their pockets instead of doing the right thing. There will be hell to pay.”
Source: georgewashington2.blogspot.com/2008/10/even-banks-admit-theyll-keep-on.html
I have been telling YOU the banks are hoarding the liquidity, draining the U.S. Treasury, and draining the general public (and the market) as a result.
Why?
My theory is they intend to buy the bottom of the market and give themselves HUGE pay-outs at YOUR cost, expense, and generosity.
It will not, cannot, help your economy.
D E M A N D the bankers hoarding YOUR money return it to the U.S. Treasury
Update
NY Times:www.nytimes.com/2008/10/21/business/21sorkin.html
- No requirements were attached to the free, taxpayer money;
- It is rumored that the major banks will buy smaller banks; and
- Centralize banking even further!
This is truly a banker take-over, and very frightening and interesting to watch it unfold.
They are sitting on billions and billions of dollars.
Former Goldman Sach CEO, U.S. Treasury Secretary Paulson, sitting on hundreds of BILLIONS of even more dollars to dole out to the banks. This is nuts!
Little Guy Money === > U.S. Treasury ===> Bankers
Rumors of 70 Billion dollars in bonuses to banker executives. More on this later! WOW! JUST WOW!
Comments
So buy lots of stocks now.
shit, i guess that time traveller was right!
People who have to create conspiracy and hate threads to further a cause lacks in intellectual comprehension of diversity.
I would not touch stocks. We had some guy make a post on MMORPG saying he "made" all this money, and of course the market crashed again. It is what we call the "dead cat bounce" in business.
The level of volatility in this market should make any investor wary, and I think the market can still drop to as low as 7500 points. In Russia, the market dropped over 60%. Our market crashed twice with over 40% and the last time that happened was the great depression.
Nevertheless, I have been eyeing agriculture because it is (1) supported by the government and (2) the era of low food prices are over. I anticipate oil to drop near 55 a barrel, which was a bubbel that needed to burst as 90% of the speculationw as sourced at Goldman Sachs and the other 10% mostly at other investment banks (now reorganized as bank holding companies and commercial banks).
I would not touch it, but you will see what is also known as various "sucker rallies" here and there.
Necro'd
Fascism - Noun. often capitalized : a political philosophy, movement, or regime (as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition.
Will the reaction to the 2008 downturn cause a depression? Yea no shit. We are already in one if you properly account for GDP and Inflation. The Gov constantly corrects down their GDP numbers a quarter later, misreads inflation by a large margin, and uses new methods of reporting GDP. We are in a Depression if you use the actual measurement system from 1929. Heck, we even have the employment numbers of 1929 using the same method to calculate employment.
Are we Fascist? No Please read the definition.
Are the banks hoarding money? No that's not how the federal reserve banking system works. Most US banks actually have negative balance sheets. Most of their money is made up because their relationship with the fed. When a bank needs money to loan someone, they get a loan from the fed which is just printed money and gives it to them. Then pays back the fed using the higher interest rate they collect on the loan. Credit Unions are different and more sustainable because they are not linked to the Federal Reserve System.