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Do You Know Who the PRIMARY DEALERS are? ... NO CREDIT FREEZE! ★HOT DIGG★

Below is VERY important. Please make time to read and follow through as suggested. Don't forget to DIGG, linke at end. This one really needs viral exposure.

D o w n s i z e r - D i s p a t c h

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Quote of the Day:

George Kaufman, a finance professor at Loyola University Chicago, is
skeptical. "The last refuge of a scoundrel regulator," he says, "is
to shout 'systemic risk.'" Usually, the alarm is false. He notes that
aside from inter-bank lending, the credit markets were functioning
tolerably well at the height of the crisis. Rates on 30-year
mortgages actually dropped last week.

-- from a column by Steve Chapman, September 25, 2008
http://www.reason.com/news/show/129020.html

Subject: Do you know who the "Primary Dealers" are?

There's a lot of evidence that we've been scammed. Treasury Secretary
Paulson and Federal Reserve Chairman Bernanke told us they needed to
spend $700 billion of your money to buy supposedly toxic assets that
were crippling major firms and for which there was no immediate
market. This was a lie even when they said it, because . . .

Merrill Lynch was able to sell it's most troubled assets back in
July. http://biz.yahoo.com/ap/080729/merrill_lynch_sale.html

If Merrill could do it, other firms could do it too. They might not
have liked the price they got, but it could have been done. The Big
Bailout was purposely designed to give favored firms a better deal
than they could have gotten in the market.

We've also been told, constantly, that credit markets are frozen.
We're still being told that today, constantly, around the clock, on
the cable business channels. It wasn't true before, and it isn't true
now. We could point you to many places for the evidence, but here's
one great graph from the blog Carpe Diem to give you the evidence in
one pretty picture.
http://mjperry.blogspot.com/2008/10/total-commercial-bank-lo...

The hysteria mongers would tell you that even if consumer credit is
okay (and you would have to hammer them with the evidence to get them
to admit it), commercial credit is still in big trouble. But that
isn't true either. Here's a good summary from the great scholar
Robert Higgs, at the Independent Institute . . .
http://www.independent.org/blog/?p=289

"Looking at the data for the first four business days of the past
week, I find that firms sold from $179 billion to $205 billion of
commercial paper per day; the number of separate issuances per day
ranged from 6,761 to 7,298. Both the total amount borrowed and the
number of issuances per day increased steadily throughout the week
(data for Friday have not yet been reported)."

Higgs goes on to compare the current numbers with past periods and
finds NO CREDIT FREEZE!

But what about the stock market? Doesn't its fall tell us there's a
crisis? Perhaps, until you consider what's causing stocks to fall.

The really big drops began when Paulson and Bernanke began peddling
their fear to Congress. And since then, nearly every time some
government official has opened his or her mouth, with some new claim
or some new plan, the stock market has taken another nose dive. A
good chunk of the decline appears to be driven by fear mongering.
Want more evidence?

This is the season when firms report their earnings, and many
companies are beating the estimates, but their stock prices are still
falling. This is about fear, not fundamentals.

Who is responsible for this scam? Who are the con artists?

One big culprit in every supposed crisis is the media. They always
blow everything out of proportion. Doing so is good for business.
CNBC's ratings are soaring.
http://tvdecoder.blogs.nytimes.com/2008/09/18/ratings-at-cnb...

Another culprit is the politicians, who gain power from hysteria. In
the last supposed crisis (terrorism) it was the Republicans who
primarily benefited. This time it will be the Democrats, who have a
decade of pent-up desires to re-engineer American society. These
dreams may now become reality in the wake of the current fear
mongering.

And last, but not least among the con artists, are a group of
businesses with an official government relationship that earns them
the designation of "Primary Dealers." Here's what Wikipedia has to
say about the Primary Dealers . . .
http://en.wikipedia.org/wiki/Primary_dealers

"A primary dealer is a bank or securities broker-dealer that may
trade directly with the Federal Reserve System of the United
States.[1] They are required to make bids or offers when the Fed
conducts open market operations, provide information to the Fed's
open market trading desk, and to participate actively in U.S.
Treasury securities auctions.[2] They consult with both the U.S.
Treasury and the Fed about funding the budget deficit and
implementing monetary policy. Many former employees of primary
dealers work at the Treasury, because of their expertise in the
government debt markets, though the Fed avoids a similar revolving
door policy.[1][2] Between them, these dealers purchase the vast
majority of the U.S. Treasury securities (T-bills, T-notes, and
T-bonds) sold at auction, and resell them to the public."

Who are the Primary Dealers? Look at this roster (which used to
include Bear Stearns) . . .

* BNP Paribas Securities Corp.

* Bank of America Securities LLC

* Barclays Capital Inc.

* Cantor Fitzgerald & Co.

* Citigroup Global Markets Inc.

* Credit Suisse Securities (USA) LLC

* Daiwa Securities America Inc.

* Deutsche Bank Securities Inc.

* Dresdner Kleinwort Securities LLC.

* Goldman, Sachs & Co.

* HSBC Securities (USA) Inc.

* J. P. Morgan Securities Inc.

* Lehman Brothers Inc.

* Merrill Lynch Government Securities Inc.

* Mizuho Securities USA Inc.

* Morgan Stanley & Co. Incorporated

* UBS Securities LLC.

We should notice several things about this list . . .

* These are among the primary firms that collaborated with the
government to create the housing bubble

* These are the primary firms that profit from the financing of the
national debt and who are benefiting from the current explosion in
the federal debt and the Federal Reserve's massive inflation of the
money supply

* These are probably the primary firms that will work with the
Treasury Department to manage the auction of toxic assets

* These are also probably the primary firms that have toxic assets to
sell (they will be both sellers and brokers in the Big Bailout)

* And most of these firms have been made "too big to fail" through
their business dealings with the government

These Primary Dealers are the primary players in the Big Bailout
con-game. And they are part of the crowd who are looting the country.

You can sit back and accept the Big Bailout and the on-going Big
Interventions as an accomplished fact, or you can rage and protest to
Congress. If we fall silent then the con-artists will be emboldened to
do more and more. We must not fall silent. We must protest constantly.

We've created a new generic campaign to oppose all government
bailouts. Please use this campaign to send Congress another message.
Ask them to reconsider the Big Bailout. Ask them to roll-it-back. Use
your personal comments to mention some of the facts described in this
article. You can send your message using our Educate the Powerful
System. http://www.downsizedc.org/etp/campaigns/106

You can also compete with the power of Primary Dealers, the
politicians, and the media, by taking steps to expand your own
political influence. Please take these additional steps . . .

* Get a Digg account and go to our blog to Digg this message.

* Spread this message by forwarding it to friends and by posting it
on your blog.

* Make a contribution or start a monthly pledge so we can recruit
more DC Downsizers. THIS IS VERY IMPORTANT.
https://secure.downsizedc.org/contribute

Thank you for being a part of the growing Downsize DC army.

Jim Babka & Perry Willis

President & Communications Director

DownsizeDC.org, Inc.

DIGG IT!
http://digg.com/business_finance/Do_you_know_who_the_PRIMARY...



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Come on NIGHT

Come on NIGHT SHIFT!

http://www.ohiofreedom.com/subd/

Trust in God, but tie your camel tight.

"Socialism needs two legs on which to stand; a right and a left. While appearing to be in complete opposition to one another,they both march in the same direction." - Paul Proctor

yaaaaaaaaawwwwn....58

yaaaaaaaaawwwwn....58

http://www.ohiofreedom.com/subd/

Trust in God, but tie your camel tight.

"Socialism needs two legs on which to stand; a right and a left. While appearing to be in complete opposition to one another,they both march in the same direction." - Paul Proctor

zzzzzzzzzzzzzzz

zzzzzzzzzzzzzzz

http://www.ohiofreedom.com/subd/

Trust in God, but tie your camel tight.

"Socialism needs two legs on which to stand; a right and a left. While appearing to be in complete opposition to one another,they both march in the same direction." - Paul Proctor

★55★

If the night shift can keep it going.....just might break out 'popular' by opening bell!

http://www.ohiofreedom.com/subd/

Trust in God, but tie your camel tight.

"Socialism needs two legs on which to stand; a right and a left. While appearing to be in complete opposition to one another,they both march in the same direction." - Paul Proctor

reedr3v's picture

51

bump

I believe this link

summarizes what is a critical component of a greater problem very well:

Who's at the wheel?
http://the-bell-tower.blogspot.com/2007/05/whos-at-wheel.html

I recommend that those wishing to rapidly grasp this issue start with the above excellent and quick read.

I attempted about a year ago to alert all victims of this corrupting scam using "Who's at the wheel?", naively believing it would "go viral". Unfortunately, for many reasons, important insights as to why and how our once fine country became a grotesque mockery of what it was intended to be seems not to compete well with other offerings available to todays typical information consumer.

Thanks for spreading this word. I wish you great success.

"You are a den of vipers and thieves."

I mean to rout you out!

-Just because you are among us, does not make you with us

-The door is wide open, anything can slither in

It'll really bug you when you realize

The same FAMILIES have been in control for hundreds and hundreds of years.

Yes that does add

to the pain Mike. Of course, these kind of people did not spend all that time and trouble to aggregate awesome power to their few hands merely to abuse that power for a short time. I think perhaps one of their goals was to consolidate sufficient power that it would be impossible for anyone to ever wrest it from their hands ;-)

The only thing that can ever defeat these people is with power greater than they hold. The only way to get that much power is the same way they did.
Working on that!

"You are a den of vipers and thieves."

I mean to rout you out!

-Just because you are among us, does not make you with us

-The door is wide open, anything can slither in

Thanks.......right to the

Thanks.......right to the point! And May 07 no less :-)

http://www.ohiofreedom.com/subd/

Trust in God, but tie your camel tight.

"Socialism needs two legs on which to stand; a right and a left. While appearing to be in complete opposition to one another,they both march in the same direction." - Paul Proctor

Thank You

BeaReady. Beat'em upside the head with it until they pay attention.

"You are a den of vipers and thieves."

I mean to rout you out!

-Just because you are among us, does not make you with us

-The door is wide open, anything can slither in

50 diggs at 12:09 AM Eastern

...bump

O.P.O.G.G. - Fighting the attempted devolution of the rEVOLution
Ron Paul 2012...and beyond
BAN ELECTRONIC VOTING!!

SAVE YOUR ass policy

The car makers were offering interest free loan to me just before the big chill....The FED couln't give money away @ 1.5%....CREDIT freeze my arss.....THE next President will be the freezer...DICTATOR
weee

THE deal

There never was a credit freeze & there is none, now...SIMPLY, NO demand, which when running on credit makes you bankrupt...BANKRUPTSY means the big hogs loose.so we must pump money into the system "BEFORE" you claim BANKRUPTCY....You just bailed yourself out & passed the BANKRUPTCY to the people...
weee

Good research Bea

I've been checking daily with auto dealers. Credit has not loosened with them at all. GMAC announce minimum 700 fico NEEDED minimum to finance with them. Seems like manipulation.

35.....

35..... uhhhhg

http://www.ohiofreedom.com/subd/

Trust in God, but tie your camel tight.

"Socialism needs two legs on which to stand; a right and a left. While appearing to be in complete opposition to one another,they both march in the same direction." - Paul Proctor

DIGG, DIGG, DIGG....LET'S DO

DIGG, DIGG, DIGG....LET'S DO IT!

Some here saying tomorrow will be really bad day. If we get this to front page, many will read and earn new members for DownsizeDC too!

http://www.ohiofreedom.com/subd/

Trust in God, but tie your camel tight.

"Socialism needs two legs on which to stand; a right and a left. While appearing to be in complete opposition to one another,they both march in the same direction." - Paul Proctor

got

got 33!

http://www.ohiofreedom.com/subd/

Trust in God, but tie your camel tight.

"Socialism needs two legs on which to stand; a right and a left. While appearing to be in complete opposition to one another,they both march in the same direction." - Paul Proctor

Important to DIGG! Linked

Important to DIGG! Linked article above missed out on front page a few days ago. Let's make up for it here! DownsizeDC deserves some new members.

Trust in God, but tie your camel tight.

"Socialism needs two legs on which to stand; a right and a left. While appearing to be in complete opposition to one another,they both march in the same direction." - Paul Proctor

This fine org could sure use

This fine org could sure use some DIGG exposure! Let's blow it up!
http://digg.com/business_finance/Do_you_know_who_the_PRIMARY...

Trust in God, but tie your camel tight.

"Socialism needs two legs on which to stand; a right and a left. While appearing to be in complete opposition to one another,they both march in the same direction." - Paul Proctor

very informative

I can't believe our country is where it's at. Everything is a manipulation.