Why can't we just liquidate the evil greedy bastards that did this shit and use that money to pay for the 700 billion bail out? Spread that money back around to the people that it was stolen from in the first place. The tax payer. While we are at it, we need maybe 7 different states that act as small countries, 50 states is to many. Washington can not deal with the size of this country. That ain't going to happen, and neither could ancient Rome stop its growth from causing its own self implosion
I only disagree with one thing here, are they really using our "taxpayer" money for this, I thought it all went to pay the interest to the "federal" reserve so it is all gone anyways. How we WILL BE PAYING for this though is HYPERINFLATION. You bring up a very good point that few probably noticed, we are indeed a REPUBLIC not a "democracy" like they keep trying to shove down our throats. In a democracy 49% of the people are not free.
The only explanation for this is that someone is purposely trying to destroy the dollar to bring in the Amero. If average people can see what should be done to save the dollar and these people aren't doing it...it's obvious that this is a demolition of the dollar by design. They want 1-2 years of turmoil and then in 2012 - exit the USD; Enter the Amero.
No their not stupid. They know exactly how this happened. Don't for a second believe how the MSM frames these people as idiots. They said the same thing after 9/11. Everyone was an idiot, right? Bullshit. It's a planned outcome. A means to an end.
Umm, what the hell is going on today? I'm sitting here thinking with Congress in a clusterf*ck and high uncertainty the markets are flat? This is showing me that this is a scam. If the oligarchs on Wall St. needed to be bailed out so quickly shouldn't the markets be tanking? I'm thinking that the markets are HIGHLY rigged. I'm telling you, I'll never trust these oligarch crooks again.
On the housing bubble, every Realtor in the country raised the price on every one of their listings, each and every time Greenspan's Fed did a rate reduction. And almost everyone in the process, from the Appraiser, the underwriter, the banker through the title examiner and the closing attorney either rubber stamped all this, or they got blacklisted and economically destroyed.
Put that in your pipe and smoke it--because that is what happened.
Watch this video. "The once in a century rip-off" by 'The Real News Network' for the truth about what will happen if this passes, and why they want it done as quickly as possible with no oversight whatsoever.
Bank of America was helping to design this bailout scam in Feb of 2008. It bought Countrywide, as you may remember, and took its very large portfolio of bad loans, with designs on a big bailout payoff.
To check it out, just google (Times-Bank-America-February-Bailout, and see for yourselves.
it's obvious a scheme has been in the works for a while. ben and hank are trying to be slick by waiting until the last minute when congress was about to adjourn. for this reason alone congress should have rejected it.
``I suspect that part of what we're seeing in the freezing up of lending markets is strategic behavior on the part of big financial players who stand to benefit from the bailout,'' said David K. Levine, an economist at Washington University in St. Louis, who studies liquidity constraints and game theory.
The real risk: the money will be used for more gobbling. Note the FDIC takeover of WAMU, Fed funding to JPM to close the deal. Age old Robber Baron techniques.
Without a bailout, they won't have funds to buy up a critical mass of companies--ones essential for their economy, and the rest will go bust and die. IN most sectors, 3 companies do 70% of the business.
Leaving the Jekyll Island cartel in control of all market sectors. FED Nepotism.
This all sounds like a national security situation to me. You can't run a military on currency that has zero value. Maybe the CIA and NSA should join the FBI in this one.
the financial firms need to open up their balance sheets to the light of day so the market can see what their assets are really worth - then allow the market to correct itself. ken's been saying this for days on end and traders on the floor agree with him!
Well, if Boyd (my district rep) votes for a taxpayer handout that does (and will) fail his formerly-safe seat will suddenly not be so safe.
I live in a district that is 70%+ Democrat registered. He is unbeatable - unless he does something stupid like blow $700 billion we need for social programs and cause a Depression.
THEN he is defeatable, and I will run against him.
this bailout is nothing more than the theft of more taxpayer money, the goverment wants to put a bandaid over a gunshot wound, looks like your trying to help the patient but the patient is still bleeding to death.
Why can't we just liquidate the evil greedy bastards that did this shit and use that money to pay for the 700 billion bail out? Spread that money back around to the people that it was stolen from in the first place. The tax payer. While we are at it, we need maybe 7 different states that act as small countries, 50 states is to many. Washington can not deal with the size of this country. That ain't going to happen, and neither could ancient Rome stop its growth from causing its own self implosion
YouSpamTard 3 years ago
Hey anyone here very prepared for what is about to happen? Do you need someone to run security or an extra hand; anything? We need to band together.
smithjor20 3 years ago
Back up
Back up
Always back up!
CNN911Fakes 3 years ago
I only disagree with one thing here, are they really using our "taxpayer" money for this, I thought it all went to pay the interest to the "federal" reserve so it is all gone anyways. How we WILL BE PAYING for this though is HYPERINFLATION. You bring up a very good point that few probably noticed, we are indeed a REPUBLIC not a "democracy" like they keep trying to shove down our throats. In a democracy 49% of the people are not free.
corvettedude346 3 years ago
economic bailout news and updates on army occupation of another sovereign land
watch?v=P1qOMCBLIB0
THIS BREAKING NEWS ON THE ECONOMY AND OUR TROOPS COMING TO PATROL OUR STREETS NEXT WEEK
PLEASE SPREAD THE WORD to all your friends, subscribers, facebook, myspace, digg, etc
ethogenic 3 years ago 2
The only explanation for this is that someone is purposely trying to destroy the dollar to bring in the Amero. If average people can see what should be done to save the dollar and these people aren't doing it...it's obvious that this is a demolition of the dollar by design. They want 1-2 years of turmoil and then in 2012 - exit the USD; Enter the Amero.
darkkittycry 3 years ago 2
I'm afraid, dear Karl, they won't listen to you; they'll inadverdently bring down your country and mine with it. Why? 'Cos they're idiots.
Desmaad 3 years ago 3
Makes you wonder doesn't it...if they are incompetent, or if it is planned.
If you say that it is all planned, you look paranoid.
The alternative is that they are incompetent.
Surely no-one is that incompetent....which makes me think it was planned.
Who knows....all I know is that we have had it.
Scary times....
mattd49 3 years ago
No their not stupid. They know exactly how this happened. Don't for a second believe how the MSM frames these people as idiots. They said the same thing after 9/11. Everyone was an idiot, right? Bullshit. It's a planned outcome. A means to an end.
xciteful 3 years ago
Umm, what the hell is going on today? I'm sitting here thinking with Congress in a clusterf*ck and high uncertainty the markets are flat? This is showing me that this is a scam. If the oligarchs on Wall St. needed to be bailed out so quickly shouldn't the markets be tanking? I'm thinking that the markets are HIGHLY rigged. I'm telling you, I'll never trust these oligarch crooks again.
monymizer 3 years ago 3
On the housing bubble, every Realtor in the country raised the price on every one of their listings, each and every time Greenspan's Fed did a rate reduction. And almost everyone in the process, from the Appraiser, the underwriter, the banker through the title examiner and the closing attorney either rubber stamped all this, or they got blacklisted and economically destroyed.
Put that in your pipe and smoke it--because that is what happened.
Both sides of the Congress are and were corrupt.
daozenrod 3 years ago 2
Watch this video. "The once in a century rip-off" by 'The Real News Network' for the truth about what will happen if this passes, and why they want it done as quickly as possible with no oversight whatsoever.
/watch?v=MdsnIYurpSM
anongrey 3 years ago 3
Mr. Denninger and friends:
Bank of America was helping to design this bailout scam in Feb of 2008. It bought Countrywide, as you may remember, and took its very large portfolio of bad loans, with designs on a big bailout payoff.
To check it out, just google (Times-Bank-America-February-Bailout, and see for yourselves.
jemini10 3 years ago 2
it's obvious a scheme has been in the works for a while. ben and hank are trying to be slick by waiting until the last minute when congress was about to adjourn. for this reason alone congress should have rejected it.
TyredUvBS 3 years ago
``I suspect that part of what we're seeing in the freezing up of lending markets is strategic behavior on the part of big financial players who stand to benefit from the bailout,'' said David K. Levine, an economist at Washington University in St. Louis, who studies liquidity constraints and game theory.
daozenrod 3 years ago 4
Run Karl!
The real risk: the money will be used for more gobbling. Note the FDIC takeover of WAMU, Fed funding to JPM to close the deal. Age old Robber Baron techniques.
Without a bailout, they won't have funds to buy up a critical mass of companies--ones essential for their economy, and the rest will go bust and die. IN most sectors, 3 companies do 70% of the business.
Leaving the Jekyll Island cartel in control of all market sectors. FED Nepotism.
It won't go the way they say it will.
daozenrod 3 years ago 4
This all sounds like a national security situation to me. You can't run a military on currency that has zero value. Maybe the CIA and NSA should join the FBI in this one.
VisionQuest2012 3 years ago
the financial firms need to open up their balance sheets to the light of day so the market can see what their assets are really worth - then allow the market to correct itself. ken's been saying this for days on end and traders on the floor agree with him!
waughbodies 3 years ago
I have a copy of Paulson's original bailout Draft....
Leave $1 Trillion dollars in a bag or you will never see your economy again.
davincij15 3 years ago
Brilliant. Brilliant because it is so simple. Thank you. BTW, the cartoon at the end got a belly laugh.
InTheSticks1881 3 years ago
Seriously, Karl, we'd all love to see you run for office - congress or senate.
rataMacue22 3 years ago 3
Well, if Boyd (my district rep) votes for a taxpayer handout that does (and will) fail his formerly-safe seat will suddenly not be so safe.
I live in a district that is 70%+ Democrat registered. He is unbeatable - unless he does something stupid like blow $700 billion we need for social programs and cause a Depression.
THEN he is defeatable, and I will run against him.
kdenninger 3 years ago
Please call your congressperson and Nancy Pelosi today. The toll free phone numbers are on my channel page, left hand side.
I may very well vote republican this fall (never have). They are showing more sense than the democrats right now.
Thank you Karl for your wonderful video. I will mention you and Richard Fisher when I call congress today.
1776freedomfighter 3 years ago
Great Job Karl, Keep 'em coming.
BlackNapkins86 3 years ago 3
When your watching the news or reading a newspaper all you are getting is propaganda.
bdc03 3 years ago 9
this bailout is nothing more than the theft of more taxpayer money, the goverment wants to put a bandaid over a gunshot wound, looks like your trying to help the patient but the patient is still bleeding to death.
hellshade2 3 years ago 7
I'm getting sick kdenninger...
george4title 3 years ago
because you don't understand what he's talking about I guess; does that make you sick of yourself as well retard?
heuteheiuteheute 3 years ago
Why?
Hopefl1 3 years ago
Karl. Keep those videos coming. Your analysis on financial matters is so accurate and logical, despite the subject matter is so depressing!
Nutabegga1 3 years ago 2
I agree!
housechores 3 years ago
guess what!? WAMU's gone too...
rastapastaman 3 years ago
Nice find!
OCForeclosures 3 years ago