PASSAGE DOESN"T MATTER, FEDS INJECTED $630 Billion ANYWAY!!
You see, it doesn't matter. The FED Reserve still injected $630, 000, 000, 0000.00 into the financial system. NOW we need to have PAULSON and the rest INDICTED... STRUNG UP, and DICED... with thier endtails sent to every corner of the REPUBLIC.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahwz_k5J...
Sept. 29 (Bloomberg) -- 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 Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. The Term Auction Facility, the Fed's emergency loan program, will expand by $300 billion to $450 billion. The European Central Bank, the Bank of England and the Bank of Japan are among the participating authorities.
The Fed's expansion of liquidity, the biggest since credit markets seized up last year, comes as Congress prepares to vote on a $700 billion bailout for the financial industry. The crisis is reverberating through the global economy, causing stocks to plunge and forcing European governments to rescue four banks over the past two days alone.
and thats not including the
and thats not including the trillion or more put in the last few weeks! all this bailout bill was, was to get the government control of the banks and to get rid of competition by consolidating!... nothing more then a power grab!
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
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Let 'em...
The more the expose themselves the faster the public will realize REAL enemy, and act accordingly.
"Blessed are those who hunger and seek justice, for they shall be well satisfied."
"Blessed are those who are persecuted for the sake of justice, for theirs is the kingdom of heaven."
Matthew.5, v6 and v10
Agreed it does matter, they
Agreed it does matter, they have no choice but to continue to inflate. While we had a small victory in stopping further nationalization of hte financial systems all they were trying to do was get out into the open. The federal reserve does this anyway and will crash the economy. They were just trying to see if they could put an official stamp of approval on it by the elected officials of an apathetic people
Just like JP Morgan buying WAMU does that really change anything? No those bad loans still exist but it gives people the illusion that things are better now the JP Morgan took over...
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If there is Nationalization
If there is Nationalization or not is a big deal I agree, but in reality either way we are now TAXED an additional 5% due to the creation of money. Next week it will be another 600 billion or 5%. So although I agree this puts a minor "stopper" on the Fascist movement, it will only make it worse in the very near future when they will have to enact a form of martial law. At that point, it will be irrelevant if you call it fascism, socialism or communism. This is a minor short term victory, but in the end we now have a serious devaluation that will rear its ugly head in short order.
Tim
GOLD
http://www.rxforliberty.com/10/
Cedar Park, Texas
5 Aug 2007
exactly. this 630B i feel is
exactly. this 630B i feel is what the fed probably wanted included in this bill to begin with. all this 'voting and deliberation' nonsense was taking waaaay too long in their eyes.
i wish i had one of them there printing press doohickeys. i think i understand why the new notes are so colorful, i think the fed is running out of 'antiquated green' ink :)
Well, if this is true it is
Well, if this is true it is bad, but it DOES matter. It is different. It is Americans NOT caving..the fed seems like it may be drawing its own demise..
END THE FED.
Remember, The Federal Reserve is a privet bank
It can put money into anything it wants just like any other business.
It can just put money in without any agreement from the government. The only difference is that they (the fed banks) are on the hook for the money invested into the market and not the tax payers.
Sirric
Yeah, the Fed also has this
Yeah, the Fed also has this magical checkbook and checking account that enables them to create money simply by writing a check! I wish I could do that!!!!! Then we would all be RICH like them!!!!!!
;-)
...
Not true
that it doesn't matter. The bill that just went down in defeat in the House would allow the Treasurey to puchase worthless "assets" from banks at a price that assumes they have some value. They can't do that now, not legally anyway.
I beg to differ, the banks
I beg to differ, the banks now get 600 billion and they will take that money and do exactly what the Fed was going to do with it... and they will do it again and again and AGAIN!!
Tim
GOLD
http://www.rxforliberty.com/10/
Cedar Park, Texas
5 Aug 2007
Yes, honorgod, BUT --
Legislation did NOT get passed granting full legal authority to the Secretary of the Treasury and the Chairman of the Fed to bypass Congress. And THAT is a very good thing.
About half of our Congressmen have spines, at least to this degree.
there was just a ron paul
there was just a ron paul caller on c-span. we go!
I heard him... Tim GOLD
I heard him...
Tim
GOLD
http://www.rxforliberty.com/10/
Cedar Park, Texas
5 Aug 2007
Indict!!! Impeach!!
Indict!!! Impeach!!
Revolution!
http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
http://www.flickr.com/photos/57925480@N00/2660779139/sizes/l/
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"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
Get the pitchforks out
This is absolutely amazing that there not in prison
All centralbanks are bumping
money like crazy into the market.
Freedom brings People together
Ron Paul was right
funny aint it
"Lead, follow, or get out of the way."
-- Thomas Paine
A Republic, If You Can Keep It
Huh? How ? I don't get how
Huh? How ? I don't get how he is allowed to do that?
This is so un-acceptable....
This is so un-acceptable.... I swear under the oath that I took to defend this country that I am for the people, and the REPUBLIC....
Tim
GOLD
http://www.rxforliberty.com/10/
Cedar Park, Texas
5 Aug 2007
Bernanke is in Trouble with the Rothsh%tlds...that's why
"This used to be a government of checks and balances. Now it's all checks and no balances." (Gracie Allen for President 1940)
"This used to be a government of checks and balances. Now it's all checks and no balances." (Gracie Allen for President 1940)
yeah apparently...
and rothschild is the head of the whole financial world. he's 'the god'. he's the richest man in the world... net worth something like $600 Trillion.