Bailout - Devil is in the details

DR.Ron Paul as well as Marcy Kaptur seem to be the only politicians speaking any common sense on the financial crisis at hand. The American banking system and the Fed reserve are going to absolutely destroy any possible opportunity to fix this problem by shoving this $700+ billion dollar deal down our throats, temporary solution for a long term problem. Only problem is, that we the people will be stuck with the tab. The price may be too high for our children to ever repay. I hope the politicians that are doing this to the innocent American civilians realize the damage. When is the revolution? WAKE UP PEOPLE don’t let this continue.

Thank God someone is reading the documents and taking them seriously. I had no idea. In a dictatorship you wouldn’t want to identify yourself making this comment, so I will try not to. Thanks again for doing your good work.

A year and a half ago I met some people in AZ. They told me about things that were going to happen. I listened reluctantly and I was very sceptical. I became curious when I saw main stream media not giving the time of day to what I thought were credible arguments. After all if these people (some holding public office ) were kooks why not expose them and be done with it. Much to my dismay I have watched as events they were predicting have unfolded with surprising accuracy. The latest of course being the bank failures which they said would happen in Sept. and the bailouts. This is all going in a direction that is not favorable to people like you and me. All I ask anyone to do is please take the time to explore alternative news sources and just watch. The scariest thing is being uniformed. Then you tell me what you see. Use your street smarts. The sovereignty of our country is literally at stake. Thank you. Dave

We have just experienced a bloodless coup via the Wall Street bailout. The “Powers that Be” must have read Mussolini’s playbook word for word. He created the same ‘financial crisis’ in Italy pre-World War II and the citizens fell for it for a few short years but hanged him in the end.

Dear Stephen:

I can understand your point of view. I too had these same questions. So I hit the books! I would suggest you consider reading “The Broken Window Effect” well defined in the book “Economics in One Lesson” by Henry Hazlett. It does a superb job of explaining how government interventions in the market cause unintended consequences. I found this book incredibly illuminating. In addition I learned about the problems of government intervention (when it is good and bad)in “Prices & Production and Other Works” by F.A. Hayek also consider reading; “The Causes of the Economic Crisis” Essays on the Great Depression by Ludwig von Mises and last but not least “The Creature from Jekyll Island” by G.Edward Griffin…this last one is a must read to understand the ancient relationship between monetary scienists and political scientists. I have offered this reading list as your question is a viable one and requires more then a simple blog entry to answer. I am suggesting you read some of the books that Dr. Paul has read to start to understand his position. Even one of these books will eliminate this confusion. Good Luck my Friend, we all want the same thing…Liberty and Freedom!

As we wind our way towards an election between the professional liars that have been put forward as candidates for U.S. President, it seems to be a great time to remind us all about the issue being routinely ignored by virtually everyone . To what issue am I referring? The national debt, of course.
How do you annoy everybody? That’s simple: Explain the national debt.
Americans don’t want to hear about the national debt. It’s like a family living paycheck to paycheck, maxed out on their credit cards, trying to pretend the collection notices are all being lost in the mail. They don’t want to admit they have no ability to actually pay off the debt they’ve incurred by pursuing a flamboyoant lifestyle, blowing wads of cash on high-priced wines, luxury vehicles, and an occassional line of coke — they desperately want to imagine they can keep living on money that appears from nowhere, regardless of how much they owe to everybody else and the fact that their incomes don’t even come close to matching their
expenditures.
Too bad every household in America doesn’t have its own Federal Reserve, huh? If it did, we could all just print money to pay off our debt, save our skins, and ignore the fundamentals of economics. But even in Washington today (and New York), the Federal Reserve is too busy bailing out greedy, criminally-operated banks to turn much attention to the much larger issue of the United States’ national debt. Apparently, saving the banks is more important than anything else, and the Fed is now committed to destroying the U.S. dollar through runaway hyperinflation in order to prevent a few rich bankers from facing the consequences of their outrageous sub-prime lending sprees.
The only reason it’s been able to operate for this long is because other nations and foreign central banks have been foolish enough to keep lending the U.S. government more money. It’s like giving cash to a crack addict and hoping he will somehow seek out a drug rehab center on his own.
This is the person who never gets a job, never makes an honest living, but yet somehow manages to hit up everybody else for cash.
America borrows cash from the central banks around the world.
Don’t dare explain the national debt to anyone but try to explain the simple workings of finance, debt and economics to the uninformed, and you’ll be accused of being a doomsayer, a pessimist, or — the worst insult in today’s fear-based society — unpatriotic! How dare you point out the economic truths that will soon bring this country’s federal government to its knees! Such blatant truths shall not be tolerated… especially not in a country whose entire financial system is based on a cascade of fictional financial instruments propped up by nothing more than wishful thinking and Enron-style accounting fraud.
Let me translate all this for you in serious terms: The United States is already broke. The Federal Reserve is destroying the currency. The U.S. dollar will soon be virtually worthless. There is no saving the dollar, and there’s no saving the savings of any U.S. citizen foolish enough to be holding dollars when the music stops. The Federal Reserve has already decided to do anything in its power to save the rich bankers; even if it means destroying the value of all the dollars held by hard-working Americans. The day will come, folks, when your savings accounts will all be “recalibrated” and you’ll be given ten cents on the dollar while the Fed slinks away with 90% of your savings, using it to bail out overpaid bank owners.
And the federal government? Under a long string of presidential crooks — Democratic and Republican alike — it has decided to pursue a dangerous experiment called, “What happens if we never pay our debtors while running up more debt?” That experiment, not surprisingly, will end in the financial demise of this nation. (But there’s good news: A new, better system may emerge from the dust of the greenback… keep reading…)
You can’t defy the laws of gravity… nor economics
These aren’t careless predictions, by the way. These are simple observations the follow the fundamentals. Why are the nations of the world fleeing the U.S. Treasury debt auctions? Why are dollars increasingly worthless everywhere except in the United States itself? The answer is because the Fed is hyperinflating the currency to save the banks, even while the government is snorting yet more crack and spending unprecedented levels of increasingly-worthless dollars on drugs and war (or, as they call it, “medication and defense”).
Dollars cannot be created out of nothing with zero impact on peoples’ savings; You cannot believe that the U.S. government is wise enough to avert financial disaster. These are the hopes of the deluded. These are precisely the ramblings of Enron’s accountants before the crash, or dot-com stock pushers before that crash. They’re the slobbering blatherings of all the people who said housing prices will never fall, and therefore everyone will get rich off the never-ending housing price booms!
It’s like observing gravity. If you toss something into the air, you can be confident it’s going to come falling back to the ground. You don’t have to “predict” gravity; it’s a law of the universe. It works by itself, like clockwork, regardless of what you want it do to (I’m ignoring near-light speed travel, relativity, quantum physics, and all that fun stuff for the purposes of this metaphor, by the way, for those readers who are physicists). Likewise, when you see a nation throw its dollars into the air, spending its way to oblivion, ignoring its debt and ramping up its spending to even higher levels, it doesn’t take much of a prediction to know that it’s all going to fall back to the ground in a grand economic collapse.
So I’m not even calling the coming collapse of the U.S. government a “prediction.” It’s just common sense. It’s as obvious as gravity. If you don’t believe me, do the math. There is no mathematical solution to the current financial crisis facing not merely the banks and the currency, but the federal government itself. The only unknown factor is WHEN things will happen. Can the Fed help the economy limp along in a state of near-collapse for another year? Perhaps. Five years? Maybe. Ten years? I doubt it. Now for the good news: The good news is that the U.S. federal government will eventually go bankrupt. Yes, that’s the good news! Because after the financial chaos passes (which will not be fun, believe me), we have a chance to create a new society, a new currency and a new, honest system of government that actually represents the People for a change. The current cabal of corruption and criminal behavior that sits in Washington and pretends to protect the interests of the voters is about to find itself on the receiving end of an angry mob. The 200+ year experiment called The United States of America is in its final chapter. But out of its failure, we can learn important lessons. We can learn things that will help us create a better future society. Lessons like:

• Never let a private company (the Federal Reserve) control the money supply.

• Never let “representative” legislators vote in your place. Insist on a DIRECT Democracy in the next society. (We don’t need Senators and Congresspeople, folks. The whole concept is long since outdated, and most Senators and Congresspeople are crooks.)

• Never let a government abandon the gold standard for its currency. If you do, that government will inevitably hyperinflate the currency and leave the people broke.

• Never let corporations run the government. If you do, your government will become a branch of the corporations, and the regulators (like the FDA, USDA, etc.) will become agents of corporate-sponsored terrorism that abandon all ethics and destroy the health and safety of the People.

• Never allow the centralization of power in one branch of government. For example, do not allow the creation of Executive Orders we’ve seen signed by the President.

• Never allow one man (the President) to commit acts of war. Didn’t we learn this after Vietnam?

• Never allow people from industry to take jobs in the government where they become biased, pro-corporate pushers of everything from pharmaceuticals to beef.

• Never allow politicians to censor scientists.

• Never allow the population to be dumbed-down through sub-standard public schools that only raise a generation of obedient workers, not skeptical thinkers.

• Never allow the media to control the population through advertiser-supported propaganda and violent programming.

• Never allow politicians to destroy citizens’ rights. When they attempt to do so, march on your capitol (in a non-violent way, of course). Arrest the politicians. Prosecute them for crimes against the People.

• Never allow corporate lobbyists to have access to lawmakers. If you do, you’ll end up with a corrupt government that only protects corporations, not the People.

• Never allow your government to operate in secret, with secret prisons, secret wiretapping laws and secret war “evidence” that is never made public. Secrecy breeds corruption. Honest societies do not need to conduct their judicial processes in secret.

• Never allow corporations to play God with the food supply by genetically modifying the crops.

• Never allow corporations to be granted intellectual property ownership over seeds, genes, animals and medicines. If you do, you will one day wake up impoverished, “homeless on the continent your fathers conquered,” to quote Jefferson.

• Never allow banks to operate on a fractional reserve system of loans and money creation that’s just begging for a series of cascading failures.

… I could go on, but you get the point. We have learned some very tough lessons over the last 200+ years, and once this present government collapses, it is crucial that we apply those lessons in creating a new system that abandons tyranny and embraces genuine freedom. We will have this opportunity soon. Many Americans will lose their life savings on the journey towards this new opportunity, but if we maintain our collective vision of a brighter future society, I believe we can create something much better out of the ashes of this failed experiment called the United States of America. Please note: In no way do I support violence of any kind in creating a new society in the aftermath of this current one. I only support collaboration, openness, freedom and great respect for all living creatures as well as our sacred planet Earth. I believe the passing of this failed government is a blessing, not a curse, and I believe the collapse of the U.S. dollar will ultimately help awaken many to the tough but rewarding decisions that will face us all in the very near future. We must consciously decide to take back our freedoms, our rights and our futures from a system of corporate and government control that has destroyed our planet, exploited our people, and stolen our savings. But if can make the rights decisions based on creating a more promising future for our children, then the rewards will be unimaginable.

We the People hold the power to create a new society based on the freedoms and promises once held sacred in this land. Be ready to play your role, a constructive role, in the aftermath of this current society. And do not be surprised when gravity kicks in and this entire fictional government charade comes crashing down along with the fractional reserve banking system, the criminal Federal Reserve, the war-mongering politicians and the endless, endless debt. There is no way out now other than collapse and rebirth.
I can’t say when it will come, or exactly how it will play out. I only urge us all to remain positive, informed and constructive. The coming chaos will be painful in the short term, but out of the ashes of a failed society, we can work together to rebuilt a new one based on real freedom, honest money, sensible medicine and limited government.

Truth Publishing

Where can I look for the source of information your talking about to know about future events?

Thanks, Melanie. I’ll try to peruse these books. I’ve already got “Creature from Jekyll Island”, and pretty well understand how the Federal Reserve is in control of everything. But I still just don’t get how allowing private industry to do whatever it wants is going to solve the problems of genetically-engineered food, for example. I know the Fed forced the banks to issue loans to unqualified borrowers. Is this what is meant by government intervention? The problem I have with that is the Fed is a private entity, NOT part of the government.

My Friends,This is only the beginning. This bailout was only the 1st step to their ultimate goal; To weaken us and make us slaves and usher in the North American Union. Followed by a complete crash without accountability and of course the introduction of the amero.
http://www.augustreview.com/issues/general/toward_a_north_american_union_200608181/
This of course is only a stepping stone to the Elites long standing goal of the New World Order and Population control. Of which they have already implemented in long form with GMO foods and Chemtrails and a greed driven medical profession that issues care by way of Insurance company medical expertise. I figure the real population control will come into play with another false flag event like 911 and an ensuing martial law. Those of us that survive that with most likely be chipped and controlled and deal with the slow death of the GMO foods and flouride.

Ever get the feeling that the Nazi’s never disbanded? I mean they didn’t try them all and seems many carried on to a new rise. After all George Bush Seniors dad, Prescot Bush was an instrumental player in Hitler’s rise and he managed to get some kind of immunity to escape scrutiny. Bush Sr., is the one who believed that there was a real shot at this New World Order, and Junior seems to be bringing it home, with a sparkle in his eye. He even adopted Hermann Georring style tactics with the patriot act. All in the name of terror. Guess who’se really being terrorized? Yeah that’s right people…it’s us. All while we have been believing we were free. This is a very sick joke and a total betrayal of our constitution and Bill of Rights. They obviously walk over that document with total disdain. This coup makes The blood of our forefathers an effort in vain, right along with what we as law abiding citizens have taught our children. We as a generation are in a position that unless we find an answer will leave them nothing and no hope to cling to as we struggled through life to build something of signifigance for them and our families.
God bless us all to find the right answer to have a life of meaning and honor.
Peace to all in some very troubling times

So it seems you feel that you are of a greater and wiser temperment then the men who founded this country. You think (amongst the many tenants you listed) that representative government is outdated, yet you posit “direct” democracy, a concept outmoded since Greek times. I think you will find most of the concepts you expound are inherent in the US Constitution. The problem that THE PEOPLE are responsible for the mess we are in, me and you. Through inaction or the inability to “get organized” or what ever WE have allowed this to occur. If ever there was a classic case of “leading a horse to water but not being able to make him drink” - This is it. Franklin was so right with his “A Republic if you can keep it” sentiment. He knew that you could provide a people with freedom and all the tools to keep it but it is up to THEM to do so. I am ashamed to see how utterly we have failed. You want a taste of what is in store for us take a look at current day Zimbabwe.

The author of the article is refering to the government regulations of the past couple decades that essentially forced banks to make loans to unqualified applicants, ie mostly the underprivileged, minorities, and unqualified folks. If they refused to take part in this they would be denied federal money and the ability to compete and turn a profit. This is what he is talking about when he refers to government regulations in a negative light.

Profit is still privatized for the chosen few, but now risk is socialized for the rest of us to bear. Our Founding Fathers are rolling over in their graves. What the hell is goin on? I was going to have more kids, but now I guess I’ll just stop at one. Where’s a William Wallace, or Thomas Jefferson, or Che Guevara when you need one????

Stephen I agree with you. I’ve been watching real estate for the last year, attending foreclosure auctions and scouring listings to find a deal, because I had some extra money and saw an opportunity to buy in a distressed market.

Time and time again I saw auctions fail because the amount owed to the bank was far more than anyone would pay, so title to the home would go back to the bank then listed for sale as an “REO”. Eventually those would sell for tens, or hundreds, of thousands of dollars less. Those are real losses for the bank, squandered across the nation into the hands of the fortunate individuals who sold at extraordinary prices in the bubble years, and walked away with fat profits. Banks lost big, over and over again. The proof is obvious–Fannie May went bankrupt, IndyMac died, Washington Mutual and many others disintegrated. Confidence in the banking system was evaporating quickly.

From my degree in economics I know that when people save their money under the mattress or in the form of gold in a home safe, the entire economy suffers because that capital can’t be used to create wealth.

I am 100% in agreement with Ron Paul on the subject of reducing government, and I agree with his military policy, and many other things. I was a local grassroots supporter and got a spot as a delegate for RP supporter in my local district. But Ron Paul is wrong on the banking crisis because the government did need to do something. There were no doubt good things that can come out of the Paulson plan, I just don’t know what they are because everyone is so typically partisan again. Ron Paul just says no government intervention in the markets when everything is melting and panic is gripping the nation’s banking system? He should have offered some specific policy/regulation ideas rather than his stubborn “don’t do anything” response.

LET FREEDOM RING…LET THE NEW GAME BEGIN

(you can’t WIN if U don’t play)

Stand up and take charge of Your LIFE

It’s a BLAST

Read em and weep folks, it appears that the worst may be coming to the U.S.

http://www.afterdowningstreet.org/node/34877

March 13th, 2008 House Of Representatives Secret Meeting Leaked

On March 13th 2008, there was a secret closed door meeting of The United States House Of Representatives in Washington. In the history of The United States, this is only the fourth time a secret meeting was held by the House.

Here is what was allegedly revealed to the Reps:

* The imminent collapse of the U.S. Economy to occur sometime in late 2008

* The imminent collapse of the U.S. Government finances sometime in mid 2009

* The possibility of Civil War inside the United States as a result of the collapse

* The advance round-ups of ‘insurgent U.S. Citizens’ likely to move against the government

* The detention of those rounded up at The REX 84 Camps constructed throughout the United States

* The possibility of public retaliation against members of Congress for the collapses (especially Pelosi?)

* The location of safe facilities for members of Congress and their families to reside during massive civil unrest

* The necessary and unavoidable merger of The U.S. with Canada and Mexico establishing The North American Union

* The issuance of a new currency called the AMERO for all three nations as an economic solution.

In addition to the excellent books that have been suggested there is another that needs to be added to the list:
Debt Virus by Dr. Jacques S. Jaikaran, M.D.

No one seems to be addressing the fact that the interest we pay to borrow our own currency is never created. Another interesting note to ponder is that all money spent by our government is borrowed into existence not spent into existence. All taxes gathered by the IRS go to the Federal Reserve to service the interest on the debt, hence causing contraction of the money supply. Read Debt Virus.

Forgive my spelling errors in the previous entered comment. They are corrected now.

Rough Times Are Ahead for Americans

Rough times are ahead if Americans do not wake up and take action now. It is now or never. The bailout is not the first step in destruction of our Constitution, freedom and livelihoods.

Our freedoms, liberties and economic vitality have been under assault since the Reagan administration.

Congress has allowed:

Cross ownership of the media, where one company can buy up radio, newspaper, TV and other independent media outlets to produce a single point of view to Americans. Clinton hammered the final nail on any free democractic media. Competition kept the media honest. There is no media today; just propaganda worse than Investia of the former Soviet Union. At least the Russians knew it was crap; most Americans believe the news presented on MSNBC, Cramerites, CNN, NBC and corrupt media outlets. Over 75 percent of investigative reporters have been fired from their jobs since Bush junior became president.

Financial deregulation: where a bank can be one of everything. Investment banker, securities firms, consumer and commercial banker, etc. Consolidating them makes it easier to control them, bring them down and raise them again.

Federal Reserve: As many observers have foretold, including Ron Paul, the Federal Reserve is the root of all our financial problems. A group of private bankers who have control over the US money supply and credit markets. Goldman Sachs is one of the biggest shareholders of the FED. Most of the financial advisors to Bush, Clinton, Bush Senior, and Reagon came from Goldman Sachs. Paulsen, Rubin and others.

Elections. Votes are counted electronically. If you ever wanted a more inherent corrupt system, you got it. Elections are now manipulated in such a manner as to appear fair, but when a dispute occurs, the Supreme Court or the lower courts decide; not the people. Remember that judges are elected by machines; not the people.

All our voices call for change: vote out the corrupt individuals like Pelosi, Dodd, Reid and others. Look at the names and they are mostly the Democrats, a true war party today. These individuals all flock to stand around Adolf Bush. That includes Obama. McCain, what can I say? A new, over the hill Napoleon. We have a government bent on going to war everywhere to secure natural resources rather than work with others to find a solution to the world’s energy and food needs.

What do we do?
1. Refuse to pay our taxes.
2. Refuse to vote at the polls using electronic voting machines.
3. March on Washington and disrupt Congressional meetings.
4. It is time to become proactive and begin the next American revolt our forefathers, like Jefferson often talked about, “Democracy requires a revolution every twenty years to keep people honest.” If that fails, then may it be a “Call to Arms”?

As Patrick Henry once said, “Give me Liberty or Give me Death.”

Could this happen? You will have to wait for the rest of this story……..

oh yeah… i am also having a lot of trouble finding any documentation in support of the claim that our income tax goes to pay the fed interest. can someone please point me in the direction of real records that allow me to follow my tax dollars?

The bailout means that we the taxpayers buy up property worth at one time $ 100,000 but it now only worth $60,000 to save the investors. People who do not have enough money to invest are called poor people. It is said that in order to get federal money a bank had to play the game of affirmative action that means giving out loans to minorities that could not keep up the payments. If the banks were not subjected to affirmative action they could play the game of free enterprise instead they were subjected to Communism which is where the policy of affirmative action comes from.
The government has been meddling in economics in violation of the concept of free enterprise so that the banks that played by the rules are to be punished for violating the principals of the free market. But on the other hand a law enforcement force is needed to force businesses to obey a code of morals and ethics.
America runs on lawyers nor free, enterprise it is freedom and justice for all not free enterprise.
What has gone bankrupt is communism and the communist left and not the free enterprise right that has voted for the bailout. That the communist party is run by the rich and not the poor now that should be a wake up call.

I`m a German citizen, born in 1943. I know from German history, that the end of the Weimar Republic was the beginning of World War II. I also know, that Hitler has been supported by American and British big money. They wanted to make him a tool for their plans to conquer the world by their Federal Reserve system - the New World Order. Grandfather Prescott Bush has been vicepresident of the Harriman Bank at that time and steered the support, and Hjalmar Schacht, Hitlers Reichsbank-President, has been a good friend to Montagu Norman, the Chief of the Bank of England. Over these rails Hitler got lots of money, because they wanted to (miss)use him for a war against the Soviet Union. Later on they used him as an pretext to destroy Germany. You must also know, that the Wall Street Bank Kuhn and Loeb financed the communistic Revolution!!! They gave 200 Billion Dollars to Lenin, taken from a number konto in Switzerland, to finance the revolution in Russia. Further money came from the German Kaiser, who had been set under pressure to pay 65 Billion goldmarks to stop the Russian War against Germany. Both sums have been transported to Moscow in a sealed train under the protection of the Kaiser government. The first people who got influence on Russia after the killing of the Zar have been about 400 rich people from the Wall Street. They created a state capitalism, well known as socialism, the Russian people have been suffering of until 1989. When we have a look on the map and the American war-activities all over the world and when we read “The Grand Chessboard”, written by Zbigniew Brczesinski, the former security-advisor of Jimmy Carter, we know, that Word War III is standing in front of the door. We must do all we can, to prevent this development and my proposition is, to follow Lyndon LaRouche`s advices to solve the financal system. Have a look to his website and you`ll understand a lot more. Help him to spread his ideas, the only ones which can change the disaster to a helpful and better direction. I also recommend to read the book “Century of War”, written by William Engdahl, an insider of the American oil-industry.

Unfortunately the whole system will have to crash before the average Joe who has his head in the sand will finally wake up. I committed myself to Aaron’s mission by doing what I can..sharing the information by blogging, word of mouth, contacting media, government representatives… To Gary and every hero who stands up for freedom, I salute you!
Thank you Gary and thank you Aaron!

For those who are really wanting to find out the whys and wherefors of this terrible economic problem we Americans are having, I have a suggestion that will help you find out these things, and also when you are finished, which could take far too much time for you than you desire, think about the economist Christopher Story, do a Google, and allow him to tell you what the crime families in our greatest of all political circles are doing to us, due to the Wanta-Reagan-Mitterrand Protocols. There is a great deal of information, but if you succeed in getting through these pages, there is not a question you will not be able to answer! Regards, all!

Right you are, jason. I’m with you. But we all have to find a way to unite our efforts or it’s all going to be for nothing. I’m afraid that before it’s mad better, it’s going to get real nasty.

So, GV Ranch, since I turned 71 yesterday, I should just lay down and die, or live with one of my 4 children and baby sit their children, and as the case with myself, their grandchildren?

“Who else loses? Retired people on fixed incomes, those getting Social Security for 20+ years–that program was setup at a time when people only lived to be 65 or 70. We can’t afford to keep carrying the “baby boomers” into their 90s with free medicine and monthly checks. It’s just reality. There is a natural flow of things here, old people can’t keep living longer and keep living off the SS payments. Go to any country in the world (I have relatives in a so-called poor country) and the old folks are always living with their kids. We do live in a fantasy world here in America, with old people sauntering off to the golf course and getting medicaid for decades. They need to plan more carefully, or live with their kids and babysit.”

You don’t even have a clue!

By the way, I became a widow in March of this year, do not owe anyone. My husband had enough life insurance to pay for his funeral, with about $600 left,our place of burial was paid for 32 yrs ago. Right before my husband’s retirement in 1996, he had $500,000 life insurance taken away, and by the time he died it ended up being $7,500, and the $15,000 that I had was taken away, because we couldn’t pay 4 times the monthly premium that was taken out of his paycheck, you see a German company bought out the place he worked for.

Our home was paid for when my husband retired, we were debt free. We never lived beyond our means, raised 4 responsible children. I am driving a 1995 vehicle that was purchased new and paid cash for, same thing before that, drove that vehicle 11 yrs.

And as for SS, it is not FREE! at least not for all of “us old people.” By the way, I just paid the tax on my 1995 vehicle, $71.79. My property tax is due, by Jan.1, 2009, it is $2,000, I pay homeowners, car insurance, health insurance, life insurance, monthly utilities, buy food and maintence on my vehicle every month.

So you would like to kick me out of my home and baby sit grandchildren, and/or great, grandchildren? Well, i’m here to tell you that I have survied 5 different times of cancer, each time 12 weeks of chemo since 1993, have been cancer free for nearly 4 years now, and you think that I can’t survie the like’s of your way of thinking!

…and guess what? The Amero will replace the Dollar to “save” the economy, just as planned. Now where have I seen such a bailout before?

Pre-WW2 Germany.

U-huh.

Dear dj59, They didn’t mention the FEB 09 collapse but did mention that this is a designed plan to bring about world socialism. They spoke of the Trilatteral Comission and the formation of the new currancy the Amero, the NAFTA Super Highway, the North American Union, the end of America as we know it and it was all coming soon. They also talk about a police state and marshall law. All of which are unacceplable to FREEDOM LOVING PEOPLE. Hopefully ALL the people will become ACTIVELY involved in whatever manner their God given talents guide them to do. Blogging is good but were pretty much just preaching to the choir. Inform everyone you meet. One thing leads to another. We ALL must stand! BE ONE MORE VOICE! Yes YOU can make a difference. YES YOU CAN!!! Dave

i still don’t understand why the ceo’s and cfo’s, who fostered this debacle through their policies of unbridled corporate greed, aren’t yet held accountable. i think all but a million or so of their ill-gained fortunes should be confiscated and applied to the bail out funds. let those who profited from this fiasco fix it.