Bernanke commits treason???
Submitted by Lysa on Tue, 03/18/2008 - 19:24
The bailout of Bear Sterns by the fed amounts to treason against the people. In January, 2008, days before the "bailout", BSC principals walked off with BILLIONS of $ of bonuses, which they would have to give back if they had gone bankrupt, as they should have. Hear Jim Rogers on the topic
http://blog4paul.blogspot.com/2008/03/jim-rogers-fed-is-usin...
Why are we just sitting here letting them continue to commit "high crimes and misdemeanors" against us??
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treason
how many other people can you name that have committed treason?
Let's see --- how many
Let's see --- how many people are in the Bush administration? And governors of the Federal Reserve? And on the Joint Chiefs of Staff? And members of the CFR? Oops, let me go get another calculator to add it all up --- this one only handles seven digits.
Bankruptcy
is equivalent of Default.
Money is debt. When a bank creates a loan it is creating new money, out of thin air. As that loan is paid off, the money is retired, back into the thin air it came from. The money only exist as a book entry. A default also reduces that book entry to zero.
If Bernanke had allowed Bears Sterns to go bankrupt, to much money would have been eliminated from the system, through defaults. The FED is fighting deflation, and has been fighting deflation since 2001. Thus the low interest rates, to inflate.
The FED created deflation in the 1930's by calling in to many loans. Calling in the loans resulted in massive defaults. Ben is trying to prevent what the FED caused in the 30's, massive defaults, that lead to deflation, a reduction in the money supply.
How can it be treasonous to try to prevent the inevitable collapse of the system?
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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence
Suggest you read a good text on basic economics. Money
is *not* debt. Money is a medium of exchange. Money is a store of value (it is supposed to be). It is not debt. Debt is a transactional creation.
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"An economy built on fiat money is a society on its way to ashes."
If I borrow
$1000 dollars from you and write you a note for that $1000, and then you go to a buddy and buy a boat from him. You give him a $1000 note, that you got from me, as payment. Now I owe him $1000 because he holds the note. That note was a medium of exchange, and it was debt. And this is how our money system works, we are all paying with notes that represent debt.
This example of the $1000 note wouldn't work for real, because at some point when you try to trade it, the other person is going to say, "Uh, I don't know if this guy is good for $1000". But the US dollar is backed by Fiat of the US government, and is universally accepted, for now. A Dollar is a debt note, created from a debt.
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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence
Yes, it's debt
I like your analogy. I remember reading that debt default makes money disappear, and that would deflate. Thank you for helping me make that connection.
When the loan is paid back, does it still deflate, or does it just cancel out and leave the money in the system?
We could probably still find something to prosecute HBB for though. ;) What happens when China says, "Uh, I don't know if the US government is good for this $" ?
For Liberty!
For Liberty!
The math is flawed.
If you borrow $1000 from me. Ok, I'm out $1000.
Now you write a IOU note for $1000 and give it to me. Ok, this is just paper, not really spendible.
Now I buy that nice boat and give the guy your $1000 IOU note and he accepts it. Ok, now I'm still out $1000.
So how are you going to pay me back?
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You
bought a boat.
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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence
You
are correct. Oops lol It was going good for a second lol
-
People worldwide support Dr. Paul too :-)
http://www.pollingmatrix.com
Real eyes realize real lies
2012, we want our country back
2012 is the year for Ron Paul!
MSM Report: http://www.msmreport.com/
And the universal fate of
And the universal fate of all such "money" is to lose value, either quickly or slowly, but inevitably to go to zero, wiping out the savings of eveyone who saved such "money" (or assets denominated therein) in the process --- not exactly a rousing endorsement, is it?
I emphasize again, this has happened in EVERY case throughout history, with perfect 100% regularity, every time fiat money has been imposed --- yes, imposed, for nobody would ever accept it otherwise. Nothing is new under the sun.
looks like Waterloo and the
looks like Waterloo and the Rothschilds family all over again
No matter who you vote for, the government always gets in - Bill Hicks
I have listened to Jim Rogers for a long time. He's one of
the most successful investors around. I entirely agree with his assessment of the situation. The Fed took the "Old Maid" card (shaky mortgage-backed securities) and dumped them onto the backs of the taxpayers. It means that the Fed is now in the mortgage business. Guess what happens next. It's not impossible to imagine that we'll eventually being making mortgage or rent payments to the Fed. Time to get rid of the stars on the flag and replace them with a hammer and sickle.
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
It should be illegal
The FED gave preferencial treatment to JPMorgan Chase & Co. and Bear Stearns using our tax dollars. I guess the FED will argue that they just printed more money, and don't worry they'll tell us. This really does open the doors for other institutions to ask the FED for a bailout. Once they start asking and get denied, we'll be hearing a lot more about this.
-
People worldwide support Dr. Paul too :-)
http://www.pollingmatrix.com
Real eyes realize real lies
2012, we want our country back
2012 is the year for Ron Paul!
MSM Report: http://www.msmreport.com/
Yep, everything for their
Yep, everything for their Wall Street cronies, and to Hell with the rest of us! This is a red flag and screaming alarm that the system is broken, and the powers-that-be are desperate and flailing around trying to bail the sinking sink.
North American Union
Many are reporting that this dollar crash is being deliberately orchestrated to precipitate the North American Union. The way that this is being carried out is that the DOLLAR and the PEOPLE are being targeted. Does anyone see this besides me? The governemnt, the banks, the feds, and the rich know what is happening and they are going to be fine. Without the dollar crash no American in their right mind will ever accept the NAU, but, perchance, there was an impending economic crisis of dire proportions.........
The NAU is not fantasy, it is a reality; there are plenty of articles and key individuals of "high" status that have been commenting on it for years and what it entails. I encourage you to do your own research on the term instead of swallowing what you hear in the daily news.
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Remember: Debt is a form of slavery.
While I know that the NAU exists
(I've read the info on the CFR site), I don't believe that the dollar collapse has anything to do with it. Taking the European model as an example, they spent many years having the member countries get their financial houses in order before introducing the Euro.
This time around, it seems to be more of a case that the descendants of the Robber Barons are greedier, and dumber than their grandparents. While the crashes in the past were engineered, the timing for this crash doesn't make any sense. If it was engineered, in my opinion, it would have happened after the election, not before.
They are getting desperate trying to hold things together until either Hitlery or McInsane get elected. They are driving down the price of the dollar to bail out and prop up the system for as long as possible. If Bear Stearns would have gone under, being a principal shareholder in the Federal Reserve system, it would have signaled to investors that the gig was up. At best, they just bought themselves a little time.
This is far from over, and they are losing more control each and every day. Sit back and watch. I expect them to loose complete control by the end of summer, maybe before; but who knows.
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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IT IS ILLEGAL
BUMP
i called my congresswoman
i called my congresswoman betty sutton and both my senators, i told them i would donate 10000-20000 to a PAC that goes against their reelection if they dont get their shit together. it is treasonous, it reminds me of the HOPI prophecy stating that the youth shall massacre the rich, i wonder why hmmm??
There's a huge conflict of interest here also
The supposed "rescue agent" of BSC is JP Morgan Chase, one of the "owners" of the Fed. Talk about a conflict of interest??
hm
Very fishy.
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Remember: Debt is a form of slavery.
Um....
They can do whatever they want...remember?
This has been going on forever......
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Remember: Debt is a form of slavery.
Obviously this has been cooking a while
It will be interesting to see if these guys get busted for taking the money or not, won't it?
'Live for yourself, there's no one else more worth living for,
Begging hands and bleeding hearts
Will only cry out for more...'
'Live for yourself, there's no one else more worth living for,
Begging hands and bleeding hearts
Will only cry out for more...'