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Germany to Bail Out Bank

Submitted by Susan on Thu, 02/14/2008 - 10:09
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www.dw-world.de/dw/article/0,2144,3126544,00.html

First the UK now Germany

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I just heard on the radio

Submitted by Mikeee on Fri, 02/15/2008 - 08:19.

I just heard on the radio that the German taxpayer bailed out a bank because it had €24½ Billion in out standing credits to other banks which in turn would topple like dominoes. Thought it was the Landesbank or something.

bank?

Submitted by roben on Thu, 02/14/2008 - 15:30.

Let's see, If you have let's say $100,000 dollars and you hang out a sign
"Bank For The Public" (or any other name) this is about how the law works.
(I do not know about German law.)

As a banker you open your door's and in comes a customer.
(remember you must keep 5% assets on hand) The law allows you to make loans. The customer borrows $95,000 and your give him a check for that amount.
Now he doesn't want to get robbed as he leaves the bank so he deposits it in your bank. Now you have $95,000 on deposit so you are allowed to loan out 95% of that.to someone else. and this process is repeated over and over so if you do the math you will see your bank soon has about 20 times the original $100,000. that you started with in assets.
A person can not do this, but the bank can.
It is about as honest for you to have 10 cows and then to sell those cows to someone that lives in the city, and then the person in the city pays you (interest) to keep them in your pasture,
and then you to sell them to another city person and for a fee, you keep them in your pasture, etc etc etc.

The problem of not having enough cows to send to give them only comes up if a lot of city folks want their meat at the same time. If that does not happen then this can go on for years without the city folks even aware that the are being defrauded.

Banking is a legalized con game with only a few people understanding the ( regulations ) fact that it is just a con game that the government has allowed to go on and on is not revealed to the public if the bankers can continue to control the government.

The Federal Reserve Bank is the biggest bank fraud in the history of the world. for more information type in www.youtube.com at youtube type in federal reserve bank watch the videos for a shocking experience.

Ron Paul understands this.

—

Liberty is our campaigns gift to the world it is our manifest destiny.
Freedom is a movement who's time has come. Our campaign will lead world wide freedom.

Does anyone notice a similarity

Submitted by jshowell on Thu, 02/14/2008 - 12:49.

Between Rothschild buying up the stocks in England after thier stock market crashed during the Napoleonic Wars and the current situation.

I'm starting to believe this stock market crash is planned so some group can buy up the stock and own the country outright.

—

http://killfiat.blogspot.com/

There has been

Submitted by victory on Thu, 02/14/2008 - 12:52.

a repeated pattern through the years, no doubt about it.

Did you see

Submitted by Devon_Saunders on Thu, 02/14/2008 - 13:02.

The advisor they are using that is pushing that the feds be allowed to buy stock and assets? Connolly... same guy that set up the Euro.

—

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

I didn't know that Connolly set up the Euro

Submitted by Susan on Thu, 02/14/2008 - 13:08.

WOW I'm really just shocked listening to them talk about Government owning business......holy socialism batman. I'm no conspiracy theory addict but the likelihood of the emergence of the NAU, initially as an economic union later with a centralized form of Government, as the 'savior' for our present economic woes seems a real and present danger. I haven't yet come up with any other hail mary pass.

Connolly

Submitted by Susan on Fri, 02/15/2008 - 07:40.

Adding quote for you Devon
"In the late 1980s and early 1990's Connolly worked for the European Commission analyzing the European monetary system in the run up to the introduction of the euro currency"

Depression Risk
www.reuters.com/article/ousiv/idUSGOR27660220080212

That

Submitted by victory on Thu, 02/14/2008 - 13:13.

and maybe the introduction of the mythical 'amero', and all will be fine, you know the usual cause the problem and then have the amazing solution waiting in the wings.

This will continue

Submitted by racertim23 on Thu, 02/14/2008 - 11:56.

More and more bailouts will happen because the rest of the world sitting on US Dollars are trying to turn them into hard assets. Even buying loans in default that might have a cash value of 60%, is still their safest bet. And if it all turns around, they will have their interest revenue. It's strange to say, but I actually feel more comfortable knowing they rest of the world is slowly undermining the handful of tyranical leaders who just keep making it worse for us.

I am not happy with the end result. The tyrants have completely ruined something truley beautiful (A free, sound USA)

I feel the same way

Submitted by Devon_Saunders on Thu, 02/14/2008 - 12:02.

I'm still 2 years from off the grid, but I can't help but feel a guilty pleasure watching this. It has been foretold by smarter minds than mine... but the people didn't listen. SoOo.. here comes that wakeup call....

—

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

By off the grid

Submitted by Susan on Thu, 02/14/2008 - 12:27.

you mean totally out of debt?

can't speak for him..

Submitted by Pdubya on Thu, 02/14/2008 - 12:34.

...but i made a similar post yesterday. "off the grid" means both out of debt (at least to institutional causes, not to say like a brother etc) and not attached to common utitlitiy, mortgage, bank, water/sewer etc.

i live in the country. to date:

- 2 years left on my mortgage
- 60% solar and climbing
- one vehicle runs on grease
- well water/septic
- 1 year away from banking, 2 years from mortgage.
- buy cell phone calling cards with cash
- buy most things with cash
- have food storage, garden, live in country...hunt/fish, buy locally

if i were not married with kids most likely would be a bit more radical ;-)

Impressive

Submitted by bigJames on Thu, 02/14/2008 - 13:02.

I wish i could say the same. Once i'm ready to go off-grid myself i'm going to make a road trip to the northwest where i would love to settle (western WY/MT region). If you're place is along my route, i'll stop in and say hello, i'd love to get some advise and wisdom from you. I'm still only 26, and my parents never taught me anything, so i've got a lot to learn about self-reliance. at least i know how to hunt!

~I will never again accept the lesser of two evils.~

—

~I will never again accept the lesser of two evils.~

Off the grid for me is slightly different

Submitted by Devon_Saunders on Thu, 02/14/2008 - 12:43.

I'm down to one car loan. On our property we've put in our own well, dug a stock tank and stocked it (bluegill and bass), went the chickens and goats route as far as livestock, have our own garden ( we can a LOT) and will go off the electrical grid in 2010, hopefully. Our combined expenses are down to 17% of what they were 4 years ago.

I may be going a tad extreme, but the lifestyle has made us a lot happier, actually. LOTS less stress!!!

So yes Pdubya, it's the way to go, is it not?

—

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

you guys should have a forum

Submitted by jshowell on Thu, 02/14/2008 - 12:46.

For all of us schlubs who haven't had the energy or time to go off the grid yet.

—

http://killfiat.blogspot.com/

Mother Earth News

Submitted by Devon_Saunders on Thu, 02/14/2008 - 12:50.

was my starting point, a long time ago!

I've asked Mike if he could start a forum at the DP for economics, ans well as topics like these... seeing his post yesterday on the purpose of the DP, I'ma assume that won't happen. I've put off just starting a forum on the topics because I figured there wouldn't be enough traffic to justify the time involved... now I'm leaning towards one.

—

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

two blogs

Submitted by jshowell on Thu, 02/14/2008 - 13:00.

From Rprradio:
http://therevolutionnottelevised.blogspot.com/

and mine inspired from their show:
http://reviveprecincts.blogspot.com/

I'm thinking my first step to getting off the grid is solar thermal for my house in Southeast PA

—

http://killfiat.blogspot.com/

yet again..

Submitted by bigJames on Thu, 02/14/2008 - 11:42.

Yet another example of government dishonoring itself. I'd expect this from the US government, they use taxpayer money to bail out stupid (and sometimes illegal) corporate decisions all the time, but i'd expect more from germany. How many times is this going to happen before we all figure out that taxpayer money should NEVER be used to pay for corporate mistakes. if a bank fails, it's the banks fault and they should suffer the consequenses. This kind of bail-out spending just fuels the corporate belief that they can do any stupid thing they want and never worry about consequences. Yes, there may be good intentions behind it, but many of the most terrible deeds in history were enacted with the best of intentions (Iraq war anyone?). For shame.

~The Price of Freedom is Eternal Vigilance. The Price for Security is Freedom. The Choice is Yours to Make.~

—

~I will never again accept the lesser of two evils.~

It's all interconnected

Submitted by Devon_Saunders on Thu, 02/14/2008 - 11:44.

A big bank falling there will hurt us as well... as Susan so aptly points out, it is a house of cards. Pull one and the whole thing goes in short order.

—

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

Of course it does...

Submitted by bigJames on Thu, 02/14/2008 - 12:03.

.. but paying for their bail-out hurts just as bad! We may not have to pay for this one, but how many others do we have to pay for? Like i said, it may be good intent to help a company from going under, to keep their employees working and other such advantages, but what about the taxes the rest of the people will have to pay to save them? who's protecting the taxpayers from going under? who's baililng us out when we make a bad financial decision? nobody is, because each and every person/ business is responsible for their own success or failure. You cannot take from one to give to another, it's the bedrock principle of freedom.

The idea is that if there are major consequences to bad decisions, then corporations will be more responsible in making those decisions so that they and their company remain solid. Will there still be failures? yes! will those losses hurt? YES. But those pains can be overcome much easier than the continuing pay-outs that only serve to hurt the taxpayers and help the business owners. It's a terrible cycle that breeds a huge seperation between the classes, resulting in the corporate domination that we now have. If that's ok with you, then i don't know what else to say.

~The Price of Freedom is Eternal Vigilance. The Price for Security is Freedom. The Choice is Yours to Make.~

—

~I will never again accept the lesser of two evils.~

Oop

Submitted by Devon_Saunders on Thu, 02/14/2008 - 12:06.

It's not ok with me at all... I'm watching the decline of my civilization. I'd rather live in better times. There is a part of me that says fine, let em crash... at least me and mine are somewhat prepared for what is happening and to be honest, we've brought it on ourselves. We forgot somewhere that WE are supposed to be in control of this... we got lazy. I still think that Americans will rise up and fix this.. but it's gonna take a huge wakeup call to get most of America off it's collective ass. Well, odds are that it's coming.

—

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

Sad isn't it..

Submitted by bigJames on Thu, 02/14/2008 - 12:14.

I shouldn't have implied it was ok with you, my apoligies. You're right about it being our fault in part. The only thing evil needs to win is for good men to do nothing. There are a lot of good people doing nothing, or were up until recently, and we have to accept part of the blame for the way our country is. I'm only 26, so i've got a lot of fighting years ahead of me to try to change our foolish ways, but if it all comes down to a crash, at least that will end the argument. I'm not very preparred for a crash, but i know how to hunt and fend for myself, so i'll be ok. Be damn sure i'll be at that march though, and anywhere else i need to be to try, one last time while we still can, to stop it from happening. we've all heard it before, but GO RON PAUL!

~The Price of Freedom is Eternal Vigilance. The Price for Security is Freedom. The Choice is Yours to Make.~

—

~I will never again accept the lesser of two evils.~

Exactly

Submitted by Devon_Saunders on Thu, 02/14/2008 - 12:28.

The way the economy is going, RP may TRULY be our only hope for a long-term viable fix. See you at the march btw... we've 8 here from Oklahoma going up in one van.

—

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

I figured it was

Submitted by Davy C Rockett on Thu, 02/14/2008 - 11:31.

If it wasn't he would have been killed shortly there after.

—

Davy C Rockett

http://liberty-central.blogspot.com
http://screamfreedom.blogspot.com
http://cystic-fibrosis-symptom.com
http://medical-definitions.com

Taken in context...

Submitted by Devon_Saunders on Thu, 02/14/2008 - 11:37.

The second most infamous US president was former New Jersey governor Thomas Woodrow Wilson. A year before the Election of 1912, Wilson became a willing pawn of the money barons by speaking out on behalf of JP Morgan and the money Mafia by suggesting that President William Howard Taft appoint a board of savvy businessmen and bankers like Morgan to oversee the financial compass of the nation and actually to steer the US ship-of-State. Morgan liked the so idea well enough that he sent one of his aides, Col. Edward Mandall House to manage Wilson. The Morgan people polled the American people several times in 1911-12 and realized that Wilson could not be elected since the polls suggested he would not rise about 40%. House Speaker Champ Clark was the Democratic favorite that year, and would likely win the nomination. But Taft, the polls said, was a shoo-in for reelection. Morgan and the money cartel manipulated the election by backing every candidate that year except Eugene V. Debs, the socialist. They secretly funded Wilson's campaign and openly supported both Champ Clark in the primary—and their own third party candidate, popular former president Teddy Roosevelt whom they knew would pull the conservative vote away from Taft and throw the election to Wilson. At least, that's what the honest, in-house polls told them.

The money Mafia had a lot riding on the Election of 1912. First were the successful ratifications of the 16th and 17th Amendments that would [a] give the federal government the right to impose an income tax on the American people and [b] remove the States from the equation of federal power. That would prevent the States from killing legislation that would increase the power of the central government—and its ability to surrender the nation's sovereignty to the League of Nations whenever they felt the time was right. And second was the central bank that was promised to JP Morgan by Wilson if the governor won the White House. Morgan was determined to make sure he did. More special interest money changed hands in American politics from 1906 to 1912 than it did in any decade in the 20th century until the 1970s when TV became the expensive paid venue for delivering the political message to the voters.

Sound familiar?.. LOL

—

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

Devon

Submitted by Davy C Rockett on Thu, 02/14/2008 - 11:22.

When did Wilson make this statement? I'm curious was it on his deathbed.

—

Davy C Rockett

http://liberty-central.blogspot.com
http://screamfreedom.blogspot.com
http://cystic-fibrosis-symptom.com
http://medical-definitions.com

It was said so, yes

Submitted by Devon_Saunders on Thu, 02/14/2008 - 11:25.

Supposedly it was his greatest and final regret.

—

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

It is

Submitted by victory on Thu, 02/14/2008 - 12:19.

our greatest regret too.

On an off note...

Submitted by Devon_Saunders on Thu, 02/14/2008 - 10:38.

Here is how I teach my economically challenged friends about how Subprime really works. It'd be funnier if it wasn't true... LOL

http://www.youtube.com/watch?v=SJ_qK4g6ntM

—

~Live life to its fullest, with an open heart, open arms and most important... an open mind~