The U.S. Government will DEFAULT on its obligations. Under its arrangement with the private Federal Reserve, it won't be able to print money forever, when no one is willing to buy Treasury Bills at any price, which will happen once people realize how worthless they are going to be.
The several States will DISMANTLE the U.S. Federal Government. Remember that the obligations (such as the dollar) are now backed by the "full faith and credit of the United States Government". The U.S. Government, at least as we know it, cannot continue to exist past its default.
The last act of the dying government will be to DISTRIBUTE its assets to the several States in an *attempt* to protect them from its creditors.
The several States, now DIVIDED, will continue as independent entities, and then slowly reform into several regional coalitions.
Or, we can go along with their plan and be DOMINATED by a World or Hemisphere-wide government. It is really our choice.
Submitted by takeaction on Tue, 09/23/2008 - 13:00.
So Bernanke and Paulson are getting hammered and this Hearing shows that they are crooks.......does this change anything??? The No Balls congress and Senate will pass this with no questions asked......this is Financial Doomsday folks
Submitted by takeaction on Tue, 09/23/2008 - 12:40.
"F" 'rs will not answer any question directly....all I here is and eh, eh, well, ah, eh, and, uh, well, eh, werr...werr....ah, and we need to pass this fast!
Submitted by northstar on Tue, 09/23/2008 - 12:40.
"This is such a big pile of BS you're pushing on the tax payers, we refuse to listen to you, we refuse to talk to you, the deal is OFF ! WE ARE LEAVING !", and then storm out of there, flip them the bird on the way out too.
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Submitted by e_goldstein on Tue, 09/23/2008 - 12:37.
(and screwing them out of every dollar that we can possibly can).
—
--------------------------------
"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
----------------------------
but I am sure the toxic waste will include bad automobile loans as well if they haven't mentioned it yet. One also has to remember a lot of this stuff will be from non-citizens that pay no taxes, that we the tax payers are being expected to carry the burden of. Do you remember reading about Bank of America ( ironic name) aggresively pursuing credit cards for non-citizens?
cars student loans and a pass on credit card debt.....more reward the irresponsible punish the responsible...if it does then we are seriously morally bankrupt and we deserve what we get if we allow it.
The benefit is going to the institutions that can sell these bad debts to someone else so they don't get stung. It's not about propping up individual loans. As socialist as that would be, it would help citizens a lot more than their proposal.
Default, Dismantle, Distribute, and Divide, or be DOMINATED
The U.S. Government will DEFAULT on its obligations. Under its arrangement with the private Federal Reserve, it won't be able to print money forever, when no one is willing to buy Treasury Bills at any price, which will happen once people realize how worthless they are going to be.
The several States will DISMANTLE the U.S. Federal Government. Remember that the obligations (such as the dollar) are now backed by the "full faith and credit of the United States Government". The U.S. Government, at least as we know it, cannot continue to exist past its default.
The last act of the dying government will be to DISTRIBUTE its assets to the several States in an *attempt* to protect them from its creditors.
The several States, now DIVIDED, will continue as independent entities, and then slowly reform into several regional coalitions.
Or, we can go along with their plan and be DOMINATED by a World or Hemisphere-wide government. It is really our choice.
Okay
So Bernanke and Paulson are getting hammered and this Hearing shows that they are crooks.......does this change anything??? The No Balls congress and Senate will pass this with no questions asked......this is Financial Doomsday folks
ron Paul up next? It's 2
ron Paul up next? It's 2 Eastern time
NO WAY
Is Ron Paul there????
CNBC, sorry. right now it's
CNBC, sorry. right now it's Barney Frank, but it says on the front page here that RP is on at 2PM
Okay
Got it....
Stocks sliding--
I bet they won't be putting the PPT to work today so they can put a little extra fear in everyone so they can further push their agenda.
I remember awhile ago
Bush said the stimulus checks were going to help boost the economy. Where is the boost???
I feel so much better that
I feel so much better that Sen Dodd is leading this. He has so much knowledge and wit.
thanks
i fully understand the ruse but thanks again for clarifying it for others.
my point was that there are at least some in the House that question it. Congress is fully corrupt save a fewer handful not there.
and GEE, Obama and McCain are going to be absent for the vote. Ain't that telling.
The CNN live feed
They have a comment box under the video, load it up !
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Real eyes realize real lies
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2012 is the year for Ron Paul!
MSM Report: http://www.msmreport.com/
Just sent 2
Comments......They won't read what I said....LOL
Click the live feed link at the top of CNN.com
http://www.cnn.com/
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Show your support on the Ron Paul Map !
People worldwide support Dr. Paul too :-)
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Real eyes realize real lies
2012, we want our country back
2012 is the year for Ron Paul!
MSM Report: http://www.msmreport.com/
Link please
THis would be great
Did you here
The question to Paulson about Credit Card companies and School loans being thrown in on this.....all he did was stutter........
LOL 2nd leans......these are worthless...
Look At Bernake..he looks
Look At Bernake..he looks like he feels guilty and he hasn't slept in days. Anyone agree? Where as Paulson is just like the salesman.
Is he like an X football star or something?
Liberty Girl
He
is a little Bitch....you can tell in his voice....he just wants to yell out..."I AM BEING CONTROLLED BY HIGHER POWERS.....I DON'T WANT TO BE HERE."
These
"F" 'rs will not answer any question directly....all I here is and eh, eh, well, ah, eh, and, uh, well, eh, werr...werr....ah, and we need to pass this fast!
If the American people are aloud to be major shareholders for
their giving the money then the banks will not participate. Can't have us slaves sharing in the profits but we can sure help in the bills.
The senators should've said
"This is such a big pile of BS you're pushing on the tax payers, we refuse to listen to you, we refuse to talk to you, the deal is OFF ! WE ARE LEAVING !", and then storm out of there, flip them the bird on the way out too.
-
Show your support on the Ron Paul Map !
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/
"Our first concern is the American people"
(and screwing them out of every dollar that we can possibly can).
--------------------------------
"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
----------------------------
I can not believe what I am hearing.....
These guys are a bunch of CROOKS!!!
Did you guys just see the big sign in the back of Paulson....
LOL NO CASH FOR TRASH on CSPAN
What a pathetic bunch of...
assholes, these senators are. Remove them by whatever means possible.
The crowd should stand up and grab them
and kick the shit out of them.
I agree
100%
I just thought I heard one of them fart on the mic
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Show your support on the Ron Paul Map !
People worldwide support Dr. Paul too :-)
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Real eyes realize real lies
2012, we want our country back
2012 is the year for Ron Paul!
MSM Report: http://www.msmreport.com/
OMG, credit card debt too?
and student loans too? Dammit, this has to stop NOW !!!!!!!!
-
Show your support on the Ron Paul Map !
People worldwide support Dr. Paul too :-)
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Real eyes realize real lies
2012, we want our country back
2012 is the year for Ron Paul!
MSM Report: http://www.msmreport.com/
I am not listening to it
but I am sure the toxic waste will include bad automobile loans as well if they haven't mentioned it yet. One also has to remember a lot of this stuff will be from non-citizens that pay no taxes, that we the tax payers are being expected to carry the burden of. Do you remember reading about Bank of America ( ironic name) aggresively pursuing credit cards for non-citizens?
I don't know if that means they will wind up giving people free
cars student loans and a pass on credit card debt.....more reward the irresponsible punish the responsible...if it does then we are seriously morally bankrupt and we deserve what we get if we allow it.
the people defaulting on the loans are getting nothing
The benefit is going to the institutions that can sell these bad debts to someone else so they don't get stung. It's not about propping up individual loans. As socialist as that would be, it would help citizens a lot more than their proposal.
LivingTheDream