1 Question?
Do you understand the implications if they don't pass this?
Now......don't get into a frenzy....I know everybody is all worked up about this, but I have been a long time DP member...and I just want you to hear me out.
I was talking to some big investors today, and they were talking about the repercussions if this does not pass. They gave me an overview of what is going on in regards to the credit markets, and the world economies that I did not realize....
If this money does not become available by next week, are you ready for the repercussions around the world? Are you really? The entire banking system comes to a halt. Commerce stops as you and me know it. A depression may happen worse then you have ever even thought of? Many of you here on the DP will lose their job......Are you ready for this?
I AM NOT A TROLL.(You guys know that)....I am presenting a different view given to me today by some big financial movers. These guys are heavy hitters, and see a different world that you and I do.
The Financial disaster almost happened last week....
look
http://www.nypost.com/seven/09212008/business/almost_armaged...
If you are ready for Financial Armageddon and prepared...I am with you....but I am taking a few moments to re-think...
Your serious commentary is appreciated...
Trust me....I think it is the wrong way, but from what I am reading, and understanding, it may be the only way....?
UPDATE: I am reading all of the responses and typing as fast as I can. I knew I would get smacked down for this, but I respected these peoples different view, and thought it necessary to present. Trust me.......I do not want to see Financial Armageddon next week, but if we have to...I am ready. Also, if anybody has not prepared....get ready this weekend. I was just presenting another view that made me go Hmmmm?
Can You?
Can you fathom what it is going to be like when inflation for some odd reason doesn't fix the problem caused by inflation? Sure we will float for a little longer, only by the time they are done we will owe trillions more because we are a fascist nation that cares more about our big companies than we do our own citizens.
If you think/know it would be bad now without the bailout, imagine it ten times worse. That is what I have learned from Ron Paul, and it only makes sense. We have to let chips fall where they may sooner or later. The sooner the better for all of us.
give it to me in my face!!!!
give it your best shot.
it either comes NOW or LATER......
i'll take mine now thanks.
can't pass up
a good "money shot" remark on that one...LOL
My answer was given on March 23, 1775
when a fiery orator stood in the Virginia House of Burgesses and asked, "Is life so dear or peace so sweet as to be purchased at the price of chains and slavery?"
Yes, We Know
We are ready. "If they mean to have a War, let it begin now"
"Obamney care," Nuff said.
Do you realize what will happen if it DOES pass?
Say goodbye to your personal wealth. You and I will be full-fledged slaves for the rest of our miserable lives, and investors will continue along their merry way making even more bad investments.
Are you prepared for that?
I am...........
100% mad right now. No fear, and a lot of America's are as well. There is no room for fear when anger is dominant.
Talk about lighting the fire for civil disobedience.
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"The real terrorist's are in this country. They are not planning to blow us up,......... but rather, take our money, our freedom, and our country."
I rather like this take on things
http://www.alternet.org/story/100235/a_frightened_president_...
Using fear (because that is what Bush is feeling) to get his way..
I disagree with the experts.
I recall many predictions of economic meltdown over the last years. Doesn't seem to happen. Why? Because people and institutions make adjustments that the so-called experts can't even imagine.
If credit becomes limited a - good thing since we are overextended already - then other options will develop. Maybe small local banks will get some business again. People will sell assets rather than borrow. At any rate, predictions based on "the numbers" are invariably wrong.Predictions based on behavior are almost always right.
h-daddy
True...........
but even though it seems that way under normal conditions, the Fed does things that manipulate the markets to go there way, weather it be up or down. Small banks will not flourish, they will not be allowed to.
The freeze will effect most banks. Credit so far has been halted by most of them at the time being. It all doesn't make sense, its like the markets aren't really in control!!!!!!!!
That is what the experts are saying right!
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"The real terrorist's are in this country. They are not planning to blow us up,......... but rather, take our money, our freedom, and our country."
Not true
where I live NH
Banker told me that he is processing loans as normal because he has reserves.
I predict Credit Unions and small local bank networks will see a big upsurge in business AND will keep that business for many years. WHy...because the idea of a centralized banking system has been exposed for what it is...a big con game that simply adds a cost to every transaction.
h-daddy
First,..........
you realize this is a crisis right?!?!?!
Well, good, then the next thing we most do is ask why?
I don't want to get into details about this but we all know why.
Then to say we should bail these greedy bastards only gives them more money for themselves, because the same equation for disaster is applied to this "fix" but in actuality is just prolonging the inevitable for a year or so, just in time for the next emperor for the United States of America Inc. to deal with rather than the current one.
We might as well go down and come to realize we are going to have to do what our forefathers did and fight for this country to exist, fight to regain our liberties, and fight for what's right and good for the nation rather than a select group of financial profiteers.
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"The real terrorist's are in this country. They are not planning to blow us up,......... but rather, take our money, our freedom, and our country."
so be it...i will not concede to a dictatorial rule...
are you kidding me? Ron Paul said this is only the 1st one...it will not be the last "Bailout"(probably a payment to the Rothchilds anyway).
taxes now are dictatorial enough to really tick me off. then if WW3 comes, it is because WW3 was coming anyway...
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
They might try and play it
They might try and play it off on TV as if this is the big correction/fix which will patch everything up, but it is only the beginning. No different than how they told us that the Iraq war would only cost 50 billion.
...
I must agree with "Thomas Paine"
If there must be trouble, let it be in my day, that my child may have peace. Thomas Paine.
You're so right. Lets pass this onto our kids to deal with.
I don't like my kids or future grandchildren anyway, and I'm a real coward to boot. You're so right, lets pass the burden of dealing with a system that will most certainly fail onto our children, all while giving the assholes who currently control us exactly what they want; more.
September Vortex - Let the Depression Begin
I'm ready.
"Walls are stronger than the men that defend them."
Ghengis Khan
"Walls are stronger than the men that defend them."
Ghengis Khan
During an interview last
During an interview last week Ron Paul was asked about the bailout and he said as part of his response that they are trading 1 bad year for a decade of bad years.
...
OK, I'll bite
going on takeaction's premise given by his peers, i say get it over with. i'm personally tired of seeing this going on killing us by inches and prolonging the inevitable. the sooner things hit, the sooner we can work through it and start fresh. sure it'll suck, but people are resilient.
now as to whether or not this bailout failure actually brings that about, i suppose it's anybody's guess. either way it ought to be interesting.
What about the trickle up theory?
The trickle down theory has not worked in 20 years. If we would pay working Americans enough to feed themselves and maybe put some in savings, our economy would boom. But all we are worried about is the middle and upper class. We have been doing it their way for 40 years and it has not worked. We need a solid foundation to build a strong economy. The middle and upper class have been saying all my life I am poor because of bad life choices. Ok, I admit to getting married, a very stupid thing. But now that Wall St. and the Fed. have been caught being ultra greedy, are endangering the entire economy from either greed or incompetence, we are expected to bail the rich out. But they made bad life choices. Let them suffer. We, the working poor in America, have been suffering for decades. Wall St., the politicians and the bankers have stolen enough. "I am Mad as hell, and I am not going to take it anymore"!!!
Trickle up
I love it! I think that sums up everything we RPers are about!
Problem with the theory
They assume credit is needed to make things go, which really means they need credit to stay overextended.
Even if this Armageddon scenario passes, those with actual cash assets will be fine.
I got my own credit lines up and going while it was easy to do so, but I didn't run up balances, and I keep the accounts open since if you have it, keep it.
I don't buy their solution
to the problem they created. It doesn't really fix the problem, and the solution means us getting fleeced.
This is like buying a bigger bat for the kid that's been breaking your windows with baseballs.
Congress is a bunch of cowards
They are only making a showmanship 'delay'.
Now IF they did not pass it things would be great here in the USA.
Yes we would have a crisis, but we could dump those piece of shit companies and the people suffering might be inspired to get off their asses and do something.
With what they want to do we are going to have killer runaway inflation delayed until after the election.
And in the mean time they will start rounding us up in our sleep and passing more home-grown terrorism laws.
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Glen Beck -- An Exposed Enemy:
http://www.dailypaul.com/node/90198
Glenn Beck Supports NAFTA and taking your job:
http://www.dailypaul.com/node/86643
takeaction
People working in the financial sector, especially the soon-to-be-former big swinging dicks, are scared shitless right now. They have sold their souls and now it's time to pay up. They have had it so good for so long and they are very fearful at this time. Don't let their fear influence you. We will get through this and it will be a beautiful day on the other side. Did you think we were going to get back to sound money and restore the Republic without any pain at all? In the words of one of the greatest prophets ever to walk this planet, Mr. Robert Nestor Marley, "Everything's gonna be alright". Trust it.
You hit the nail on the head in my opinion Gil! :-)
I'm a girk! Chatta me kort please!
Please donate to the rolling money bomb!
https://www.coasttocoastmoneybomb.com/JONES_SODA-MONEY_BOMB.php
Historic moment at WA State Convention at minute 4 here!!
http://www.youtube.com/watch?v=I4cVL_TdwZk
What are you fightin' for?
Caught in the middle?
Freedom is only for those with the guts to defend it!
Oh Gil, That was so
Oh Gil,
That was so inspiring!! Where the hell have you been?
I agree with you
krmaya... he is inspiring aye?
and i agree with you on agreeing with krmaya
that Gil's post is inspiring! : )
Live Free or Diebold
Watch This Video
Kurt Saxon's Poor Man's James Bond
Everything you need to know about food prep for lean times is here. Build your skills while you fight for liberty.
No one can take away your knowledge and skills!
-LF
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"Let the good heart speak words of true peace, not inciting others to further war." -- B.I.S.