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Maybe they are starting with the penny...
Under the law that authorized the design changes for the Lincoln penny, after 2009 the "tails" side of the coin will be changed to feature "an image emblematic of President Lincoln's preservation of the United States as a single and united country." That image has not been chosen yet.
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It'll contain the symbols of the free mason's and define their ties to the Illuminati as well as depict Lincoln's achievements. :D1987 E30 325is
1999 E46 323i
RIP 1994 E32 740iL
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Same old song and dance.
Hey! There is a huge crisis. You are all in danger. Give us complete power and control and we'll fix everything.
What about the stimulus package? Wasn't that supposed to fix everything?
Personally, I don't want to be wall-street's welfare payments.
I pay my fucking loans, bail yourself out.Last edited by //MPower; 09-24-2008, 02:34 PM.| Jimmy | 1999 M3 | 1986 325 ES |Comment
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I'm with her...
I don't see it as a bail out. It's a financial take over and consolidation of power to a few big banks.| Jimmy | 1999 M3 | 1986 325 ES |Comment
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Hmmm, where do you think the control over money has been? What do you think the "Fed" is? They have the "power" over money and finance.
Please go research this. Banks create money (eg, like printing money, but without the printing press) through making loans using a fractional banking system. If the banks collapse, so does our currency. You won't have to worry about paying your loans back at that point because nobody will want to take your money because it will be worthless. Our money is only backed by faith and confidence. If we (meaning everybody in the world) does not have faith and confidence in the dollar, it is worthless. This isn't a bailout to save the banks. This is a bailout to save YOU. This isn't about punishing stupid bankers and banking practices, this is about saving our economy. I pray the punishment comes soon thereafter though.
It sucks because of the morons who drove things to this state and because the government is casting sole blame for this on the banks when it squarely belongs on the government's shoulders. The government's stupid stupid regulatory controls and their inability to identify illegal activities are a root cause of all of this. They went along with the boom just like everybody else because it was good for the coffers. If all of this was so bad, why did the experts not identify that it was a huge problem? I suspect they didn't want to see it because everybody was making so much money.1987 E30 325is
1999 E46 323i
RIP 1994 E32 740iL
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see you at the next spikeNot that I care, of course.
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That's like saying...
Ted Bundy is innocent. It's the governments fault for not stopping the murders before they happened.
Thank you but I have researched the private federal reserve and fiat currency.
Regardless of who is at fault, we have been backed into a corner and forced into this "crisis".
Give us 700 billion dollars.... or else.
Nobody is even talking about what pumping 700,000,000,000 more dollars (potentially 5 trillion with mac bailouts) into the money supply will do to inflation. The dollar is in serious trouble, either way.Last edited by //MPower; 09-24-2008, 05:50 PM.| Jimmy | 1999 M3 | 1986 325 ES |Comment
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That's not what I said. The equivalent of what I said is the government raised Ted Bundy, taught him to murder violently, and then let him off on his own and turned their back and ignored things while he slaughtered.
In any event, it is the governmental interference and regulatory actions that force most of these issues. The illegal actions and irresponsible practices of those people in those banks is also a factor. Those people should be punished and made to pay, no doubt about it.
Good. And what did you find out?
Agreed. However, you have a friend hanging from your hands over the edge of a sky scraper... what are you going to do? Let him fall because you are pissed that he did something stupid?
True, it is or else. The dollars that are pumped in will not help the valuation of the dollar, but with the huge restrictions on lending right now, it isn't like we are growing the money supply anyway.
Listen, I am no expert. I am sure there are plenty of people who understand this stuff better than I do. However, if you got anything out of your research, then you must have gotten that lending is what increases the money supply and fuels growth. (it is debatable whether that is a good system or not... but that is for another time). It is also clear that because we use fiat money, that we must, must, must maintain confidence in the dollar. Everything else is secondary at this point. If that costs us a trillion dollars, so be it. It is a small price to pay to keep the economy floating. (this is the main danger in fiat money)
I don't like this any better than the other guy. I hate the idea that so many of these swindlers are rolling in cash right now and are probably just going to walk away without nary a slap. I hate the fact that so many within our government were in cahoots with these guys and allowed them to continue to get away with larceny. But that is not going to change the facts as they now sit. Do something or fail utterly.1987 E30 325is
1999 E46 323i
RIP 1994 E32 740iL
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I don't necessarily disagree with you. To put it bluntly, the international banking cartel IS the government.
Honestly, I expected some sort of contrived "crisis" right before the election. Turns out, it was economic rather than geopolitical.
To me, this is another trick. Another deception. Sadly, we have no choice. Either the stock market collapses into a depression or the federal reserve goes on a printing spree and drives us into hyper-inflation.
It's a lose-lose situation.
The Money Masters - How International Bankers Gained Control of America| Jimmy | 1999 M3 | 1986 325 ES |Comment
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LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY
TO PURCHASE MORTGAGE-RELATED ASSETS
Section 1. Short Title.
This Act may be cited as ____________________.
Sec. 2. Purchases of Mortgage-Related Assets.
(a) Authority to Purchase.--The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.
(b) Necessary Actions.--The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act, including, without limitation:
(1) appointing such employees as may be required to carry out the authorities in this Act and defining their duties;
(2) entering into contracts, including contracts for services authorized by section 3109 of title 5, United States Code, without regard to any other provision of law regarding public contracts;
(3) designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them;
(4) establishing vehicles that are authorized, subject to supervision by the Secretary, to purchase mortgage-related assets and issue obligations; and
(5) issuing such regulations and other guidance as may be necessary or appropriate to define terms or carry out the authorities of this Act.
Sec. 3. Considerations.
In exercising the authorities granted in this Act, the Secretary shall take into consideration means for--
(1) providing stability or preventing disruption to the financial markets or banking system; and
(2) protecting the taxpayer.
Sec. 4. Reports to Congress.
Within three months of the first exercise of the authority granted in section 2(a), and semiannually thereafter, the Secretary shall report to the Committees on the Budget, Financial Services, and Ways and Means of the House of Representatives and the Committees on the Budget, Finance, and Banking, Housing, and Urban Affairs of the Senate with respect to the authorities exercised under this Act and the considerations required by section 3.
Sec. 5. Rights; Management; Sale of Mortgage-Related Assets.
(a) Exercise of Rights.--The Secretary may, at any time, exercise any rights received in connection with mortgage-related assets purchased under this Act.
(b) Management of Mortgage-Related Assets.--The Secretary shall have authority to manage mortgage-related assets purchased under this Act, including revenues and portfolio risks therefrom.
(c) Sale of Mortgage-Related Assets.--The Secretary may, at any time, upon terms and conditions and at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act.
(d) Application of Sunset to Mortgage-Related Assets.--The authority of the Secretary to hold any mortgage-related asset purchased under this Act before the termination date in section 9, or to purchase or fund the purchase of a mortgage-related asset under a commitment entered into before the termination date in section 9, is not subject to the provisions of section 9.
Sec. 6. Maximum Amount of Authorized Purchases.
The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time
Sec. 7. Funding.
For the purpose of the authorities granted in this Act, and for the costs of administering those authorities, the Secretary may use the proceeds of the sale of any securities issued under chapter 31 of title 31, United States Code, and the purposes for which securities may be issued under chapter 31 of title 31, United States Code, are extended to include actions authorized by this Act, including the payment of administrative expenses. Any funds expended for actions authorized by this Act, including the payment of administrative expenses, shall be deemed appropriated at the time of such expenditure.
Sec. 8. Review.
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
Sec. 9. Termination of Authority.
The authorities under this Act, with the exception of authorities granted in sections 2(b)(5), 5 and 7, shall terminate two years from the date of enactment of this Act.
Sec. 10. Increase in Statutory Limit on the Public Debt.
Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.
Sec. 11. Credit Reform.
The costs of purchases of mortgage-related assets made under section 2(a) of this Act shall be determined as provided under the Federal Credit Reform Act of 1990, as applicable.
Sec. 12. Definitions.
For purposes of this section, the following definitions shall apply:
(1) Mortgage-Related Assets.--The term “mortgage-related assets” means residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before September 17, 2008.
(2) Secretary.--The term “Secretary” means the Secretary of the Treasury.
(3) United States.--The term “United States” means the States, territories, and possessions of the United States and the District of Columbia.Last edited by //MPower; 09-24-2008, 08:32 PM.| Jimmy | 1999 M3 | 1986 325 ES |Comment
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New world order, one world government thats what there working on. They have already got the united european nations. If anyone is curious about this i suggest checking out www.infowars.com and tv-links has mostly all of Alex Jones's videos.Comment
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Much like the vietnam vets...The equivalent of what I said is the government raised Ted Bundy, taught him to murder violently, and then let him off on his own and turned their back and ignored things while he slaughtered.Comment
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