Sep 27 2008
This post is not about the debates
What started as a three page document has swelled to over 100 pages, and there are still 15 or so issues to resolve, according to democratic senator Harry Reid. Reid expects an agreement to be reached by Sunday and that a vote would come later in the week.
President Bush at least acknowledged that it leaves a foul taste in people’s mouths to bail out Wall Street after finding out how they’ve been screwing us over.
According to Fox News:
The president says in his Saturday radio address to the nation that he knows many people are frustrated by the economic situation. He says that when the government asks taxpayers to pay for Wall Street’s mistakes, it doesn’t seem fair. And he says if it were possible to let every irresponsible Wall Street firm fail without affecting Americans and their families, he would do it. But Bush says that is not possible in the current situation.
He also noted that the bailout plan was for Main Street, not Wall Street. Then why is the money going to Wall Street? Don’t even give me that trickle-down BS, I don’t want to pay money so that failed CEO’s can get second chances or golden parachutes.
Perhaps the reason Congress feels the need to act so quickly now is because at least 50 members of Congress have investments in one of the companies involved in the economic turmoil.
Look, I realise something needs to be done, but I just don’t like what they’re doing right now. It’s more of the same, as the popular line goes. Here’s what I want to see, accountability. Especially on the part of the Federal Reserve.
The Federal Reserve helped create this situation, much like they created plenty of other American crisis throughout the years.
The Federal Reserve was created on December 23, 1913, with the signing of the Federal Reserve Act by President Woodrow Wilson. Later on in his life Wilson was quoted as saying:
“A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”
Why was Wilson so unhappy? Because of the actions of this small group of dominant men. Power corrupts, but absolute power corrupts absolutely. When you give this much control over our money without any supervision, what do you expect?
“From now on, depressions will be scientifically created.” — Congressman Charles A. Lindbergh Sr. , 1913.
And they were. And still are. Before we got into this crisis the Federal Reserve artificially lowered interest rates, allowing banks to begin accepting bad mortgages. This crisis was designed, and a handful of men are going to get filthy rich afterwards.
This is why both McCain and Obama are missing the point on this bailout. This is why neither one is truly for change.
“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” — Henry Ford
“The Federal Reserve bank buys government bonds without one penny…”
— Congressman Wright Patman, Congressional Record, Sept 30, 1941
“We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system…. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.” –Robert H. Hamphill
“Whoever controls the volume of money in any country is absolute master of all industry and commerce.” — James A. Garfield
“[Every circulating Federal Reserve Note] represents a one dollar debt to the Federal Reserve system.” — Money Facts, House Banking and Currency Committee
“The modern Banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and unmint the modern ledger-entry currency”.- MAJOR L .L. B. ANGUS.
“While boasting of our noble deeds were careful to conceal the ugly fact that by an iniquitous money system we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery.” - Horace Greeley
“By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.”–John Maynard Keynes
“…the increase in the assets of the Federal Reserve banks from 143 million dollars in 1913 to 45 billion dollars in 1949 went directly to the private stockholders of the [federal reserve] banks.” — Eustace Mullins.
“I have never seen more Senators express discontent with their jobs….I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgiveable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected.” — John Danforth (R-Mo)
“The [Federal Reserve Act] as it stands seems to me to open the way to a vast inflation of the currency… I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency.” — Henry Cabot Lodge Sr., 1913
“Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States” — Sen. Barry Goldwater
“The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money” — Charles A. Lindbergh Sr., 1923
“The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers” — Congressman Louis T. McFadden
“To expose a 15 Trillion dollar ripoff of the American people by the stockholders of the 1000 largest corporations over the last 100 years will be a tall order of business.” — Buckminster Fuller
The system that we have now is exactly what our forefather’s fought against.
“If Congress has the right [it doesn’t] to issue paper money [currency], it was given to them to be used by…[the government] and not to be delegated to individuals or corporations” — President Andrew Jackson, Vetoed Bank Bill of 1836
“I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs.”–Thomas Jefferson, U.S. President.
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it’s issuance”. — James Madison
From the Federal Reserve’s own admissions: “When you or I write a check there must be sufficient funds in out account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money.” –Boston Federal Reserve Bank.
Even Ben Bernanke, currently a Federal Reserve Board Member, admitted that the Federal Reserve created the great depression, the worst economic crisis of the last century, during Milton Friedman’s 90th birthday.
“Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”
Do you trust them? Men so obsessed with power and money that they lose all sight of morals and goodwill? One last quote before I sign off.
“Give me control of a nation’s money and I care not who makes it’s laws” — Mayer Amschel Bauer Rothschild.
How true this rings. When you control the money, the inflation, and the debt of a country, you have all the power. No candidate is truly for change unless if they start by changing this system. The Federal Reserve’s stronghold over the American people has to end. If they get more oversight from this bailout, then it will only hurt the American people. Politicians aren’t going to end this on their own, it’s going to take a lot of angry Americans doing what they do best.
Power to the people! We must rise up in glory to defeat the Great Satan! Call the Montana Militia! Call the Michigan Militia! Call Chuck Norris! Wait, that guy is kind of a prick…nevermind, but call Zapp Branigan!
Forget Chuck Norris, this country needs Kurt “call me snake” effing Russell
As far as I know, the format for the VP debate is a simple question and answer, with the candidates addressing only the moderator/audience. They will not have an opportunity to talk with each other; however, I think that Joey the Shark will manage to squeeze in a rebuttal/reply once or twice.
Naw, it’s cool, you can speak for me regarding fact based, not faith based education when it comes to the Jesusfreak. I’m sure you’ve seen other comments I’ve made on different sites, and you know I could be angry, hurtful, and rude if I wanted to, but I don’t. I honestly want that guy to try to see things in another light, from another perspective.
Very nice collection of quotes. Unfortunately, I think the solution they have come up with is giving them (the government) even more power and will eventually lead to more problems.
Bravo…
and this was in a press release from The Center for Responsible Lending in Washington D.C.
The bailout bill does virtually nothing to help millions of middle-class families facing foreclosure, and therefore it cannot fix the housing market. “Congress missed a massive opportunity, and obligation, to put a stop to needless home losses that are driving down everyone’s property values,” Calhoun said.
“There is nothing in the bailout that will mitigate widespread damage caused by foreclosures,” he said. “The bill includes a vague provision that calls for the government to buy mortgages and securities and then try to modify them, but this will have very limited impact. Wall Street splintered home loans into complex securities, making it very difficult for the government to fix the resulting scattered pieces of mortgages.”
Can we get a link to a site explaining the details of the bail out?
Those are some scary quotes. My question has to be…Why did they establish the federal reserve in the first place, what was it’s purpose? And WHY are senators who have money in the companies they are trying to save allowed to vote?! That makes no sense…I wonder what those senators are getting under the table from the companies for their vote…again I don’t understand why these people are allowed to be corrupted? can we set up some system of government that doesn’t allow the vote to be corrupted?
This is not true democracy.