-
-
Bailout, Zeitgeist movie, US elections and connecting all the dots together
Tools so any person that has owes money to the bank or credit card institutions to bring their cases to the courts thus protecting from any foreclosure and lost of any asset you have. Plus, only 3% of the money is tangible (bills and coins), all the rest are mere numbes on a computer screen. Meaning, all the money doesn't exist. Tools so any person that has owes money to the bank or credit card institutions to bring their cases to the courts thus protecting fro... more
-
Where does money come from?
What? You're telling me it's all imaginary!!!
Well, it turns out our new source of money, since the early 20th century, has no real value... what?
Yup, these days money is really based on YOUR DEBT - ever increasing debt exponentially.
Maybe we should re-think what kind of "change" we really need in this world... What? You're telling me it's all imaginary!!! ... more -
Bailout, or Blowout? Financial "Rescue" Plan Turns into Mad Spending Spr...
As the United States of America stands on the verge of irrecoverable bankruptcy, U.S. Senators have decided to orchestrate a final "blowout" spending spree by dressing up the financial bailout plan with so much bloated pork that no lawmaker can resist its lure.... As the United States of America stands on the verge of irrecoverable bankruptcy, U.S. Senators have decided to orchestrate a final �... more
-
Waiting On Fed To Make A Move
Wall Street Expects Rate Cut; Central Bank Not Certain
-
US Sends $800 Billion In New Amero Currency To China
A chilling report circulating in the Kremlin today states that the US Secretary of the Treasury has informed the China Development Bank that the US has shipped $800 Billion of a new currency called the Amero, which is to be based upon the merging of the economies of The United States, Mexico and Canada into what is termed as The North American Union. A chilling report circulating in the Kremlin today states that the US Secretary of the Treasury has informed the China Development Ban... more
-
Fed Pumps Further $630 Billion Into Financial System
The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression. The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the w... more
-
Let the Banks Fail, No More Bailouts
As a vote nears on the $700 billion dollar plus bailout bill, Congressman Ron Paul took to the House floor this morning to warn that the passage of the legislation will destroy the dollar and the world economy. As a vote nears on the $700 billion dollar plus bailout bill, Congressman Ron Paul took to the House floor this morning to warn that t... more
-
Bush and McCain Blackmail America With Economic Terrorism
From shying away from even mentioning such terms as “recession,” “unemployment” or “bank failures,” Bush, Bernanke and Paulson are now vigorously invoking the fear of financial meltdown as part of a campaign of economic terror to blackmail the American people From shying away from even mentioning such terms as “recession,” “unemployment” or “bank failures,” Bush, Bernanke and Paulson are now... more
-
How To Survive the US Financial Collapse and Thrive
The unfolding bank solvency crisis and the attempts to prevent a systemic collapse have accelerated the debasement of the dollar. Its purchasing power is falling rapidly, and soon foreign investment in the dollar will also begin falling. The unfolding bank solvency crisis and the attempts to prevent a systemic collapse have accelerated the debasement of the dollar. Its ... more
-
US To Declare October ‘Economic Emergency’, Suspend Elections
The Federal Security Service of the Russian Federation (FSB) is reporting in the Kremlin today that the Bank of England has received from the United States Federal Reserve Bank a ‘notice’ that President Bush is preparing to declare an ‘Economic Emergency’ during the week of October 5th and will further announce that the American Presidential election due to be held on November 4th will be ‘indefinitely suspended’. The Federal Security Service of the Russian Federation (FSB) is reporting in the Kremlin today that the Bank of England has received f... more
-
USA is NOT bankrupt
The American public is NOT bankrupt! It is the the fiat system that has gone bankrupt. There is a huge difference.
But what the beneficiaries of the fiat system are trying to do is exchange all their worthless debt (US Dollar, stocks, bad mortgages, etc.) for the American public's labor (or promise to pay). That is why this bailout is so important to stop. It is basically a huge swindle. They want our labor and our tangible property and businesses, and they are going to swap their failed paper for it.
We are an extremely prosperous nation. Even today. We have tremendous resources, a great labor force, incredible businesses. Don't give them away to international interests who created a fiat financial system. And don't let them convince you that we are bankrupt.
Let their fiat system go down the toilet where it belongs.....then the American public can start anew with a sound money system that preserves the publics' wealth. The American public is NOT bankrupt! It is the the fiat system that has gone bankrupt. There is a huge difference. ... more -
Economic Collapse in Argentina
Eerily similar to what we are going through now
-
Banking Expert: Bailout Not Necessary, Industry Can Take Losses
I have run the numbers looking at the capacity of the industry to pay the tab. Assuming that bank insolvency losses don't get way out of line, which I don't think they will, then the industry can handle it. It's not going to be cheap, but the banks can handle it and clean up their own mess. The losses will feed back through the industry to depositors and borrowers in the form of lower rates on deposits and higher cost of loans....
There is absolutely no need for the Treasury to have the authority to "inject capital into solvent banks that are temporarily unable to raise new capital." If a bank truly is solvent, it can raise additional capital or sell itself, if its present owners are realistic about what their bank is worth. The reason solvent banks have a problem raising capital, or selling themselves to a stronger bank, is that they set their price too high, as did AIG. As an aside, I am glad to see AIG's shareholders getting whacked by the warrants associated with the Fed's taxpayer's loan to AIG. There is absolutely no need for the taxpayer to subsidize banks so they can stay independent, provided no barriers are erected to prevent new entrants into bank or specific banking markets. I have run the numbers looking at the capacity of the industry to pay the tab. Assuming that bank insolvency losses don't get way... more -
$5 Trillion Cash Pool Needed for Bailout, Says Japanese Expert
Treasury Secretary Henry Paulson's $700 billion plan to buy devalued assets from financial companies is ``a joke'' because it doesn't go far enough to calm markets, said Kenichi Ohmae, president of Business Breakthrough Inc.
Ohmae, nicknamed ``Mr. Strategy'' during his 23 years as a McKinsey & Co. partner, called for a $5 trillion ``international facility'' to be made available to financial institutions. The system could be modeled on one used by Sweden during its banking crisis in the early 1990s, he said.
``This is a liquidity crisis,'' Ohmae said at an investor forum hosted by CLSA Asia-Pacific Markets, the regional broking arm of Credit Agricole SA, in Hong Kong yesterday. ``The liquidity has to be so big that people won't get panicky.''...
Ohmae, 65, is the author of management books including ``The Mind of The Strategist,'' ``The Borderless World'' and ``The End of the Nation State.'' Business Breakthrough, founded in 1998, provides online management training.
One way of funding the $5 trillion facility would be through contributions from foreign exchange reserves in China, Japan, Taiwan, the Gulf states, the European Union and Russia, Ohmae said.
An international relief effort on that scale might be difficult to coordinate, said Robert Howe, founder of Hong Kong- based hedge fund manager Geomatrix (HK) Ltd., which oversees $32 million. ``I doubt the practicality of getting international cooperation on something like this,'' he said.
Ohmae compared the current financial crisis with Japan's 15- year economic decline that began in 1989. Both started with a property bubble, which wiped out companies' equity when it burst, and like in Japan, the current one could lead to escalating bankruptcies as banks worried about their own survival rein in lending, he said.
The financial-market upheaval may lead to slower growth in China and the reversal of the commodity boom as ship orders are canceled and steel supply dumped, said Ohmae. What Ohmae called Japan's ``Viagra'' economy and Australia's ``dig and deliver'' boom may also fizzle as China weakens, he said.
Against the backdrop of a potential global market panic, Paulson's plan is insufficient, said Ohmae.....
``He wants to fix problems one by one as if he were still the chief executive officer of Goldman Sachs,'' he said. ``He has to take his CEO hat completely off and come up with a systemic solution as opposed to a one-by-one solution.'' Treasury Secretary Henry Paulson's $700 billion plan to buy devalued assets from financial companies is ``a joke'' beca... more -
Wall Street Protests
Protests are starting around the nation.
The group ACORN (Association of Community Organizations for Reform Now) held a small rally outside the Federal Reserve on Grand Avenue in downtown Los Angeles, chanting 'Main Street not Wall Street'
In Burlington, Vermont
http://www.wcax.com/Global/story.asp?S=9060193&nav=... Protests are starting around the nation. ... more -
U.S. General Strike
Excerpts from article in the San Francisco Chronicle. Click on link to read full piece (this is a MUST READ).
Our government and its owners appear to be testing how much the American public will tolerate. A few years ago, no one could have imagined that the silent majority would quietly accept thefts of this magnitude from a government that stopped tiny payments to single mothers with poor children in the name of welfare reform because the program's $10 billion cost was breaking the federal budget.
This isn't socialism, it's fascism.
Our enemy has revealed itself, and it is our own government. The concentration of such outrageous power in government - the power to take the equivalent of half our annual federal budget and give it to anonymous investors - is nearly reaching the point at which it may not be revoked.
Because the American public has not been introduced to methods for controlling its government for generations for generations, I will suggest one called a general strike. This fundamental democratic power is where everyone decides to send a message to the government by not going to work, to school, shopping, nowhere. Excerpts from article in the San Francisco Chronicle. Click on link to read full piece (this is a MUST READ). ... more -
* F * Bernanke
Bernanke says Bailout or else.
Federal Reserve Chairman Ben Bernanke bluntly warned Congress on Tuesday it risks a recession, with higher unemployment and increased home foreclosures, if lawmakers fail to pass the Bush administration's $700 billion plan to bail out the financial industry. Bernanke says Bailout or else. ... more -
The Wealth Effect and How It Affects Our Spending
The "wealth effect" is a term used to describe consumer behavior that is influenced by rising asset prices. Asset prices can be stocks, bonds, real estate, etc. When your 401(k) statement shows a larger and larger bottom line, it makes you feel good about your current situation and future. When you feel good, you borrow and spend more. The same is true for rising real estate prices. In the case of real estate, you can even tap into the gains in the form of a home equity loan. Home equity makes people feel good. When people feel good they borrow and spend more. Consumer spending accounts for about 70% of our economic output.
"In the late 1990s, when the stock market was booming, the wealth effect was estimated to be about 3 percent to 5 percent. That is, for every $100 in stock appreciation, the typical investor would spend an extra $3 to $5. Recent studies suggest that the effect is even more pronounced with expanding housing wealth, as much as $9 per every $100 in equity. The downside, of course, is that declining values can put the brakes on consumer spending."
The Link is to an informative article that helps define what is happening in the American economy right now. The "wealth effect" is a term used to describe consumer behavior that is influenced by rising asset prices. Asset prices can... more -
More questions than answers about federal bailout plan - Sep. 19, 2008
Experts are cautiously optimistic that the massive federal bailout of the nation's financial sector will solve the credit crisis that hit Wall Street this week.
But questions remain about whether it will prevent more failures of banks and Wall Street firms and many doubt this will lead to a quick turnaround for the battered housing market.
The broad outlines of the plan call for the federal government to buy hundreds of billions of dollars' worth of mortgage assets held by banks, Wall Street firms and other financial institutions.
Those securities were backed by home loans, many made to buyers with bad credit or without proof of income. As housing values fell and foreclosures shot to record levels in the past two years, the value of those securities plunged. That in turn caused massive losses in the financial sector.
This week it reached a crisis situation. Banks and investment firms stopped making the loans to each other as they hoarded cash to protect against any sudden liquidity crunch as well from unknown problems on their partners' balance sheets.
Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke won support for the bailout plan from Congressional leaders in a meeting Thursday night.
Friday morning, Paulson said he'll be working through the weekend with those on Capitol Hill to hammer out legislation that could go for a vote as soon as next week.
"I am convinced that this bold approach will cost American families far less than the alternative -- a continuing series of financial institution failures and frozen credit markets unable to fund economic expansion," Paulson said Friday. "I believe many members of Congress share my conviction."
Word of the plan first leaked Thursday afternoon, causing a massive rally in stocks at the end of the day that carried over into Friday. Several economists also praised the move.
"I'm confident this will work," said Mark Zandi, chief economist with Moody's Economy.com. "The federal government is committed to backstopping the nation's financial system and will do whatever is necessary to make sure the system does not unravel. The details are important but secondary."
The plan also won support from presidential candidates John McCain and Barack Obama. Zandi is an informal economic advisor to the McCain campaign. Experts are cautiously optimistic that the massive federal bailout of the nation's financial sector will solve the credit crisis ... more -
Bailout: What lawmakers heard - Sep. 19, 2008
NEW YORK (CNNMoney.com) -- Somber. Sobering. Warnings of an economic "meltdown."
That's how participants described an emergency meeting held Thursday night between leaders of Congress and Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke.
The meeting was followed by an announcement from Paulson that he was preparing a far-reaching program - on a scale seen rarely in American history - to intervene in the shaky financial markets. NEW YORK (CNNMoney.com) -- Somber. Sobering. Warnings of an economic "meltdown." ... more
-
related topics
fed
Contributors (59)
fed
