Fascism: Socialism With Shareholders (RE: AIG)
Posted September 17th, 2008 by Michael Nystrom
output
Or, "capitalism," American style: Privatize all profits, socialize all risks & costs. Here's a headline you'll never see: Fed Takes Over AIG - Gets 80% Stake for $85 Billion of Fiat Money, Printed from Thin Air. US Taxpayers on Hook.
Sept. 16 (Bloomberg) -- American International Group Inc. avoided the worst financial collapse in history by accepting a rescue that provides an $85 billion loan from the federal government in return for a majority stake.
The U.S. reversed its opposition to a bailout of AIG, the nation's biggest insurer by assets, after private efforts failed and the Federal Reserve concluded that ``a disorderly failure of AIG could add to already significant levels of financial market fragility,'' according to a Fed statement today.
Comments on this insanity welcome below.
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Junk mail, indeed
This evening, I (finally) went through a stack of junk mail that had been gathering by the door since last week.
One of the items was a mailer from AIG, a brochure about one of their health plans, entitled "10 Reasons why Essential Health is a smart idea." On the brochure was AIG's logo and slogan:
The Strength To Be There
...collector's item? ;)
Thanks, Michael.
I appreciate the fact that you're using the title of my paper for the title of your thread, but let's include the link:
www.axiomaticeconomics.co...
For reference, on 17 July 2008 I started a thread at www.dailypaul.com/node/55... titled "Fascism: Socialism with Shareholders" using the online name "Pickles."
At that time I was using both the Shaka and the Pickles names but dropped Pickles shortly thereafter, as I decided that using two names was poor form.
So... does "Shaka" mean you're an ST:TNG fan...
Or is it a reference to the king of the Zulus?
If the former... well I'm tempted to change my nick to "Mirab" (with sails unfurled!)
If the latter... well, pehaps "Onoshobishobi Ingelosi" would be a bit much (and a bit too obscure for most).
Sorry for the digression... just wondering.
BTW great article, I love the Q&A style... especially the answer that begins: "No, that was not a trick question. I never said that the choice had to be between fascism and socialism. You just allowed the preceding questions to lead you into making that assumption."
It's a reference to the Zulu leader,
the "Black Napoleon," as he was called.
I admire how he was able to modify primative weapons for use against riflemen and win. This is what I am trying to accomplish at www.sniperflashcards.com by explaining how to use primative weapons (deer rifles) against modern infantry.
If you are young ,20`s or 30`s consider yourself
HYDROMAN
an indentured servant (slave) for as long as you live! and that will be backed by government force if you somehow care to resist!
LOOK FOR A SLAVE
LOOK FOR A SLAVE UPRISING.....
People are not naturally inclined toward revolution, but under what they consider unusual or extreme pressure they will shed their innate natural restraints to free themselves, particularly when there is a massive population involved like ours. The seeds of revolution were planted several years ago, they are beginning to sprout and there will be a harvest.
“Men do not willingly read unpalatable truths of themselves. The people like those best who fool them most by pandering to their vices and flattering their foibles”—Admiral Raphael Semmes.
Consider your children and their children
slaves as well.
.
.
.
Where's the happy little tire swing?
It's much worse than a little socialism. These are 9/11 killers
http://www.dailypaul.com/...
UPDATE: Well it's done. Now it's time to see how the events of 9/11 and the criminals who pulled that job are still doing bigger and better deals...using our money!
This could be the break in the unsolved 9/11 murder mystery.
http://onlinejournal.com/...
9/11 and the AIG Greenberg Familia
By Jerry Mazza
Online Journal Associate Editor
Sep 29, 2006, 01:06
Democratic Underground Demopedia reports in Who Killed John
"Committed To The Eradication Of Poverty Among Patriots"
"Those Who Strive For Excellence Refuse To Fear Mediocrity; They Eradicate It."
Zero Tolerance For Flamers
Would it be a terrible idea
Would it be a terrible idea to buy 50 shares of AIG at $2/share, and just forget about them? Does that stock have any chance of recovering?
Liberty, once it takes root, is a plant of rapid growth.
Ron Paul Rocketman
http://www.youtube.com/wa...
For a hundred bucks
roll the dice.
Thats what I was thinking.
Thats what I was thinking. May up it 500. :-)
Liberty, once it takes root, is a plant of rapid growth.
Ron Paul Rocketman
http://www.youtube.com/wa...
I got talked out of buying googles ipo
Because there was a book called the "whole web directory". If it feels like an opportunity, it is. Time will tell if it was a good one. Don't be like Mike on this one.
Yeah likewise, I got talked out of buying Apple right when Jobs
returned...
The stock was in the doldrums, and I was *positive* he'd be able to turn it around within a year or two, but I didn't bite.
Stupidest thing I've done in ages (I could have easily plunked a grand down and forgotten about it... it would have bought me another house, or a couple of cars).
Its unlikely that you'll be able to retire on that $100 bet -- but it could give some solid returns... someday (and it's pretty likely to beat the rest of the market).
Besides, what's the worst that happens? You lose 100 FRN's?
Decadent to Hard
It looks like we may be moving from Decadent times to Hard times. Gold went up $82 today. That's a record boys and gals!
AIG = Assasins In Government
http://www.dailypaul.com/...
9/11 and the Greenberg Familia
By Jerry Mazza
Online Journal Associate Editor
Sep 29, 2006, 01:06
Democratic Underground Demopedia reports in Who Killed John O’Neill that at the time of 9/11, AIG, the world’s largest insurance company, and subsidiaries Marsh McLennan, ACE and Kroll, were run by the Greenberg family. With Council on Foreign Relations (CFR) member Maurice “Hank” Greenberg as the AIG godfather, the Familia’s tentacles curled around the heart of the tragedy.
http://onlinejournal.com/...
"Committed To The Eradication Of Poverty Among Patriots"
"Those Who Strive For Excellence Refuse To Fear Mediocrity; They Eradicate It."
Zero Tolerance For Flamers
Looks like the Feds will keep bailing
Looks like the Feds will keep bailing these companies out until they can bail no more. I guess the US government is the last one that's too big to fail. First comes the deflation, then the hyper-inflation? I don't see how things can start getting better at this point. Hope I'm wrong. I don't want to live thru a societal collapse.
It looks inevitable to me.
It looks inevitable to me. It's unraveling before our eyes.
those
printing machines must be going none stop. Unless they are using digital dollars. Any body want 100000 dollars here ya go. Its the same concept.
I've got some financial aid
I've got some financial aid student loans that I've quit paying back as money is really tight.
Think that if I write a really nice letter that maybe I could get the FED to bail me out and pay off my bad investments as well?
BASTARDS!
Sears demanded a tax-break
Sears demanded a tax-break to move its HQ here from Chicago. I suggested to some neighbors that we do likewise. For some reason, they all felt the mayor would be waving bye-bye to us.
'Some critters are more "equal" than others' Orwell, Animal Farm
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POLITICS, n. A strife of interests masquerading as a contest of principles. The conduct of public affairs for private advantage. - Bierce
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I was thinking the same!
lol
I have a question
If the IRS is owned by private bankers and not the government why do we pay taxes to them? I just watched this video How International Bankers Gained Control of America and it really made me angry. Could someone explain please.
Congress recently voted to
Congress recently voted to give the Feds a blank check. Every member of Congress that voted in favor of giving the Feds cart blanche by agreeing to the blank check should be tried for treason. McCain and others have the gall to cast blame for this move toward outright socialism on others when in fact they are all culpable. http://mudgeonsmusings.bl...
sadly, without an educated
sadly, without an educated populace, this crime will go unpunished. So if we want to stop this it makes sense that we need to continue to educate people. How do you educate an entire nation as swiftly as we need to?
Thought this was also appropriate here
for those that maynot have seen or read the latest post by Darryl Robert Schoon. http://tinyurl.com/6pstur
I’m confused again!
Everything I read talks about “the government bailouts” then when you read the full article it says the “Fed. Reserve” which in fact is privet owned.
So the fed is going to print money and then giving it to gain control of the falling companies for nothing FREE?
Sounds to me the big boys, the Rothschild crew, is doing to the USA what they did to England just after the battle of Waterloo. Remember when they manipulated the market and bought up the whole English Gov. in one day?
They got their fingers in the fed, so I've heard...
Wow great plan,
A loaf of bread for $20.00 but there will be no shortage of oil!....somewhere in the book of Revelations.
Sorry Parkman, yes I’m a dummy!
Is it the Federal Government
Is it the Federal Government or the Federal Reserve who "loaned" the money for the bailout?
Then, is it the Federal Government or the Federal Reserve who takes over 80%?
Its a loan
I think the Federal government took out a loan from the Federal Reserve with interest. The Federal Reserve prints the money out of thin air, so it gets money for nothing and get the government to pay interest on it.
When you own a dollar, it represents a share of the nation's wealth. When the fed prints up new money, your share of that wealth shrinks. It is debased. That means your dollar is worth less.
So, the government now owns a broken down failing company, your savings are worth less, your paycheck doesn't go as far, and our children are liable for paying the loan with interest.
Now consider that Dr. Paul understood this 30 years ago and has been trying to get the message out.
Vote 4 Principles!
OK
So it is supposedly charging 11% on the loan. Does the Fed get their 2% and then the Federal Gov gets the rest? I'm just wanting to figure up how much my check is going to be, since we the people "supposedly" own 80 percent of AIG now... LMAO..but not on the way to the bank, rather because I'm still holding my breath.. :O)
Anazis
I like to call it anational corporate-socialism.
----
Support H.R. 6594 to give 9/11 First Responders (heroes) the help that they need and deserve. Watch "Dust to Dust" and "Dust to Deceit" to learn about the ongoing 9/11 Holocaust.
is that pronounced
a-nus-es?
Yes You are involved in socialized loan sharking.
I take issue with Privatise profits ,Socialize Risk. You voted in the past for all the GOV'T subsidies, Loans, Programs, & handouts. Corporation only do what they are told to do . REGULATION, (sounds responsible).Corporations do make a commission which is acceptible. Gov't loan business is NOT acceptible. You are responsible for your Gov't activities & if You are in the loan business You are responsible to Bailing yourself OUT......Put the blam where it belongs. GOV'T
says
Someone should write a song about this...
The title could be :
.
Back in the USSA!!
.
.
Where's the happy little tire swing?
Chat with an AIG employee just after last night's announcement
AIG employee offers perspective on FED bailout
In denial it seems.
ewww
a most unpleasant monkey-clump that person. May be just a bit drunk with relief that he gets to go home and beat his wife and kick the dog without provocation for at least another day.
Live Free or Diebold
you are the responsible loan shark....
The GOV'T did not steal anything . IT's your invested tax dollars you wanted them to loan out on these prgrams. Get outoutout of the loan business & there is no need for anymore bailouts..... period
Government Thugs...Drunk with power
Under the guise of a good samaritan, the government continues to steal from the taxpayer and redistribute the wealth to PRIVATE companies who couldn't manage themselves or were involved in shady deals.
NO different than a thug approaching you on the street, taking your money at gunpoint, and giving it to the bum on the corner who couldn't manage his life.
No difference whatsoever.
Of course the thug keeps a portion for himself as compensation for his efforts.
there's a difference:
If you sued the thug, he'd understand.
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took a loan from the federal government?
My heart belongs to Ron Paul, but for now my ass belongs to Chuck Baldwin, www.baldwin08.com
what a fine twist of words this reporter has used.
hysterical ~
~
love your tag line! :-)
_________
Freedom is popular! The Campaign for Liberty welcomes the followers of Baldwin, Nader and McKinney!
is there a pattern to this?
What are the rules now? When does a co. get bailed out (with a gigantic act of theft), and when does it not?
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Join the Team! campaignforliberty.com
The rule seems to be....
The rule seems to be that when foreign bond holders will take a hit bail them out. The US must have the foreign money to maintain its debt . That's why the bond holders get bailed, but the stock holders get the shaft. If the foreigners and central banks start losing their money, they will no longer support the US by buying bonds to the tune of 2 billion dollars a day. If the foreigners stop buying the bonds, then the financial system really does unravel. That hasn't come close to happening yet. The interest on T bills is still only 3.75%.
I've been thinking today that Lehman brothers was allowed to collapse because it was a better company than AIG which probably had debt so toxic that nobody would touch it. So the worst company gets bailed out while the better one gets liquidated. Go figure. Could be wrong but that's my impression.
Yep, sounds right to me.
Yep, sounds right to me. Glen Beck said China and Russia own 75% of AIG, IIRC. The elites can't let their biggest creditors lose faith in them, so we serfs will just have to cough up the dough.
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POLITICS, n. A strife of interests masquerading as a contest of principles. The conduct of public affairs for private advantage. - Bierce
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Intriguing.
Intriguing.
I suspect an entity gets
I suspect an entity gets federal rescue at taxpayer expense if its demise causes political discomfort (i.e. regime change) and calls for lobbyist-offensive legislation.
Otherwise, other government-bribing entities are allowed to devour it.
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POLITICS, n. A strife of interests masquerading as a contest of principles. The conduct of public affairs for private advantage. - Bierce
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