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Thread: Bailouts could cost U.S. $23 trillion

  1. #41
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    Re: Bailouts could cost U.S. $23 trillion

    Quote Originally Posted by BmanMcfly View Post

    By implying your support, it's also implied that you would expect the implied result of economic stimulus.


    Where did this come from?
    C-span coverage of senators asking questions of Bernanke over 2 seperate occasions... it's on record, but I simply paraphrased. (out of laziness to find the 2 specific occasions that back and forth represents). It was intended to illustrate ... I'm not even sure the word... but the type of teeth pulling you gotta go through to get any information about this...

    The point is : A NON-Governmental private, run for profit entity that hasn't been audited since it's inception when questioned on what it's doing with tax money says that they are transparent, but at the same time will not answer any direct questions on the subject, or will redirect the person to a brick wall. Worse, when threatened with audit (much like when the bailout was first talked about) the federal reserve threatans MARTIAL LAW IN AMERICA as well as THE COLLAPSE OF THE ECONOMY if things are not done their way.
    LOL, what do you think would happen if the most independent aspect of our government structure were to lose that very independence? The dollar would collapse. Ron Paul might want this to happen, and bless his heart, but i sure as hell do not.


    1 - The way things were phrased showed implied support for the bill and that there was no actual money spent
    2 - I thought it was the same article I had read just earlier (turned out to be a similarly worded, but different article) that said that 2.x (3 or 4) trillion had been spent.
    3 - The federal reserve commited an act of what amounts to a terrorist act, threatening a military takeover of the US... yet more publicly threatening an utter collapse of the economy... "2000 pts this week and 4000 pts next week" (about the DOW Jones)
    4 - The level of secrecy involved in this money which is tax payer money directly is another show of shady behavior gong on behind closed doors.

    So, while this things may SEEM unrelated, that are all parts of the same object and should be covered and discussed in a holistic way... this was first called a 'banker' bailout... and the private bank that prints the money is just the top dog of these banks and is secretly 'sorting out everything' for the 'publics' best interest???? And in SECRET at that?? and you seriously expect these guys that made it to the top by being cutthroat businessmen that would cut loose their own child if it meant extra profits for themselves to have the general best intersts at heart??

    Look, I am sorry I misconstrued your position... this is a VERY BIG issue to me, since this LITTERALLY represents the 'fascification' of america (I know that's not a word, but the meaning would be 'the act of turning fascist':P)

    Seriously though, 23 trillion dollars is actually quite easy with 'fractional reserve' banking, so, even IF only 800 billion dollars of taxpayer money was used, and that the banks can all leverage that out 10X (OR MORE) and create enough fake debt to pretty much buy up every asset in america... then move offshore and send paramilitary hit squads to take care of anyone that objects after there's nothing left. That's kinda like what the IMF does to third world countries on a regular.
    This segment belongs in the conspiracy theory forum....
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  2. #42
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    Re: Bailouts could cost U.S. $23 trillion

    Quote Originally Posted by Goldenboy219 View Post
    LOL, what do you think would happen if the most independent aspect of our government structure were to lose that very independence?
    That's a very loaded question there...
    1 - Independant != above the law
    2 - It's a private run-for-profit entity that is NOT a government entity
    3 - It is UN-constitutional from the start since it's congress that should be concerned with the issuance of currency... not an institution that makes it's money by printing it and then LENDING it to government and through the government the people.

    That said, the people that run the federal reserve are EXCESSIVELY rich since they RUN the printing presses... and they made that THREAT against congress and the people because it was the only means through which they could go from partial control of the economy to TOTAL control of everything by maintaining the air of fear surrounding not passing the bill.

    I'm fine with the federal reserve running as a bank... but not for the control of the money supply... I don't like the idea of losing as much purchasing power as we have BECAUSE of this system...

    The question becomes : Would you rather have independance as an individual , or let these power hungry bankers buy up what's left of the US and leave us with a choice : Cop, prison guard or prisoner.... historically after depressions comes a war, so you might have the added choice of soldier.


    The dollar would collapse. Ron Paul might want this to happen, and bless his heart, but i sure as hell do not.
    The dollar would collapse for 2 reasons :
    a) The dollar is already going to collapse with or without the federal reserve... the world has wised up that it's just paper... well, cloth.
    b) It's so completely over-inflated as-is that a collapse would merely bring us back to reality rather than the dreamland of 0% down mortgages and all.



    This segment belongs in the conspiracy theory forum....
    Why? Because there's collusion going on between bankers??

    That's like saying a soccer team is a conspiracy theory.... Yes, CEO's of companies do sit and plan together in boardrooms in much the same way that a soccer team gets on the field and plans for a game.

    Unless you're more specific as to why...

  3. #43
    Norville Rogers
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    Re: Bailouts could cost U.S. $23 trillion

    Quote Originally Posted by BmanMcfly View Post
    By implying your support, it's also implied that you would expect the implied result of economic stimulus.

    Look, I am sorry I misconstrued your position... this is a VERY BIG issue to me, since this LITTERALLY represents the 'fascification' of america (I know that's not a word, but the meaning would be 'the act of turning fascist':P)
    No problem. I don't support the bailouts and never have. But the reporting around the $23T number (not the report itself - it makes it perfectly clear how abstract its findings were) has been misleading, alarmist, and all around ridiculous. It's like if liberals used a report detailing what would happen if a bomb went off in every single building in Iraq simultaneously to attack the war. The number is about as hypothetical and overblown as it could manage to be

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    Re: Bailouts could cost U.S. $23 trillion

    Quote Originally Posted by Kernel Sanders View Post
    No problem. I don't support the bailouts and never have. But the reporting around the $23T number (not the report itself - it makes it perfectly clear how abstract its findings were) has been misleading, alarmist, and all around ridiculous. It's like if liberals used a report detailing what would happen if a bomb went off in every single building in Iraq simultaneously to attack the war. The number is about as hypothetical and overblown as it could manage to be
    Fair enough... that said, nobody KNOWS the actual amounts of money promised off our backs.... that level of secrecy on the subject is disconcerting to say the least.

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