The housing bubbleburst will be a boon to me. Soon I'll be able to afford a home myself. And I WON'T buy a house with a mortgage payment that puts my bills at 98% of my income, like thousands of fools did in S. Florida.
Funny how these neocon and neolib Friedmanoids become instant Fabians when their corrupt oligarchy is threatened. After all, what would be the political consequences of a global economic depression? Can't let the frogs know they're being boiled . . .(we're the frogs.)
I'm upset the video didn't point out Palin's mistake. "They have become too expensive for the taxpayer." That shows a complete lack of understanding of fannie and freddy. They were quasi-private before this bailout, not costly government programs. The Republican policy of de-regulation is the reason we're in this mess. Slash and burn Governor Palin, bless your heart!
The U.S. government absolutely screws up 100% of every thing it touches. I do not know how giving a private business our money is in anyway good... The government can not control the FRB, the CFR, conduct a proper investigation into 911, impeach our elected officials...WTF? When did they every get anything Right...NEVER...and the Real News seems to have left that part of the story out...Why?
OMG! The government is using taxpayers money to take over the ownership of their homes! OMFG! The government can claim that they don't want to have to take over 50% of American mortgages, but don't you believe it. The American government is the largest employer in America and now they will own half of American's homes. Good luck standing up the corrupted U.S. government now; you piss them off and they foreclose on your home with some new government loophole.
Really don't know what your talking about do you? If they hadn't done that the entire planet would have entered a depression. Socialism saved the US through nationalization. Get off the internet conspiracy nut.
patent0Studios: You know something? You stating that the U.S. housing crisis would have caused a global depression tells me that you don't fully understand what you're talking about. It would take derivatives failing globally to cause a global depression, not one countries housing market going bust. Good god I can't stand stupid cunts like you telling other people they don't have a right to their own opinions/theories/ideas. Keep your myopic concepts off my comments, asshole.
So you are saying that I don't know what I'm talking about? So you are then by default arguing that by eliminating the worlds single largest consumer losing its buying power wouldn't cause any degree of depression on a global scale?
patient0Studios: Wake up and look at the effects. People who lose their homes rent. A housing market going bust does not bring about a complete economic depression for one country, let alone the world. Values plummet and people cannot afford to sell their homes at a loss, that is all. Americans have been buying cheap shit from China for decades now. The rest of us (Europe) would be largely unaffected by a diminished buying capacity of the U.S. citizenry. Think recession, not depression, big diff
Your arrogance is not justified by your ignorance. Many, many European banks and municipalities owned derivatives that were securitized with junk mortgages packaged and sold with bogus ratings. You clearly don't know what the fuck you are talking about.
Rolandzebulb: Hey asshole, it hasn't caused a "global depression" or any depression, which is what my return comment was about. Thanks for adding your two cents though fuckwit.
A recession is when most businesses start to get bankrupt.
A depression is the end of the recession cycle and firms stop getting bankrupt.
Depression is good ! Recession is bad , we are in a recession , go learn some economy and stop listening to idiots or the media or the idiots from the media.
Yes of course you're right. That's why the worst economic period in the U.S. history was called 'The Great Depression', because a depression is when the good times start rolling. I need to "go learn some economy" and "stop listening to idiots". Wait...then why am I listening to you?
"The Treasury Department and the Federal Reserve took steps to bolster confidence in the corporations, including granting both corporations access to Federal Reserve low-interest loans (at similar rates as commercial banks) and removing the prohibition on the Treasury Department to purchase the GSEs' stock."~Wikipedia
Well it looks like this problem that began in the 1980's of nonqualifying for home loans, cutting interest rates and overvaluing housing has made too many people into homeowners that could not handle it. They are too far over their heads. Looks like alot of people will go back to apartments and leave homes vacant. Go back to saving 10 or 20% pay down before you get a mortgage again. It will take time to correct.
Freddie and Fannie need a divorce, and nationalization should be followed to breaking up the companies into private enities, but once a company it very hard to politican to privatize the company.
Another free market fundamentalist. They were private companies already. Why was there no competition? What is to prevent them all from failing, regardless of the number? You have a ready solution but you fail to understand the problem.
I think these bankers knew they were dishing out risky loans. Who cares as long as were getting rich they said. In the end the people will end up paying for this bubble through indirect tax "inflation" and govt bailouts. Someone should be going to jail dammit.
The housing market is just balancing to the fact the average americam makes less then he did 10 years ago. Thus we can't afford the same homeprices we coud of. That said the banks had sought to rob ther average joe of all he had. And now that they have robbed the average joe of everything they find they suddenly can't make what they thought he could out of him. these banks should burn in flames of debt themselves.
Does it even concern the average idiot who thinks this is actually a good thing that the US government now owns 80% of the homes in the US?
Consider this - now that the US government is the holder of the deed, and effectively owns your home - the 3rd Amendment and 4th Amendment of the Constitution no longer apply to you. As it is now their home, the police/military can come in & take over...search your sock drawer and sleep in your bed. Do you think this also entitles them to fuck your wife?
Thank you for saying it. You are 100% correct, the govt now owns at least 65% of homes in the US. And if it is just the name of the husband listed as "TENANT" then yes they can fuck his wife because the wife is property of the tenant and can be seized as part of the payment towards the house property.
Well the housing crash was caused by deregulation, laisse fair idiocy and unsrupulous lending, but I share your hatred of the hypocritical and morally bankrupt repugnantcunts!
Wrong. The crash was caused because through the community reinvestment act the govt. gave incentives to banks to give risky loans to stupid people, and the rate cutting of the greenspan years caused lots of malinvestment. In a truly free market those false signals would not have been given and they would not have made those bad loans.
END CORPORATE CRIME! RENEW AMERICAN DEMOCRACY!! OPEN THE DEBATES!!!
/watch?v=TsAKXeyvxzU
In this highlight reel you can see excerpts of speeches by Ralph Nader, his VP Candidate Matt Gonzalez, and former Minnesota Gov. Jesse Ventura talking about open debates and how they impact elections.
Contribute now to help us try to get Ralph Nader and Matt Gonzalez in the presidential debates:
votenader (dot) org
GET INFORMED! YOU CAN HELP STOP THE GLOBAL WAR, IMPOVERISHMENT, AND THEFT OF HUMANITY!!
but it's true to an extent. being black is controversial in this country and any publicity is good publicity for politicians. the fact that the media has catered to the race card has kept him on the national spotlight, at least to the most primitive audience (which is the widest)
i still think u should vote for a non-establishment, non-corporate and boot-licking candidate. so Nader is a great choice. Barr is too. anybody. Obama will play this left-right game and nothing will change.
you do make a slight point but you have to think about this how many other black people have run for president actually there's one every year so whats that saying?? Also i mean for him to say that show how he feel's i mean this is the same man that claims he wants to clean up Washington but yet he's just now getting in the race i mean Obama has been doing things for people for years he was a civil rights lawyer he was community organizer and plus he has extremely high IQ
yes i can't argue Obama's qualifications. he's a very accomplished man, but that doesn't change the fact that he's playing the game. the establishment game. and we're gambling a lot in a very critical, sensitive time in our country. we have the opportunity to elect someone who can really change things and his promises are empty if he continues for vote for unconstitutinal bills. he supports FISA and Patriot Act and supports a war in Afganistan. Vote for NADER/Gonzalez if you want REAL change.
Well with the War in Afghanistan no one disputes that they were the ones who attacked us also seriously the taliban and alot of other terrorist groups were there but let be honestly Nader not serious he never was and he never will be because every time he has an opportunity he goes in real late. Also i would support him if he wasn't a blainting racist i rather go with McCkinnley over him
It's irrelevent that he's black. I praise him for getting this far, but remember that its Conyers, a black man, who in Congress has stonewalled impeachment of the most criminal president in the history of the US. For watever reason, he's failed to uphold his constitutional duty. a black man can't save us just for being black. we need a true champion of the people and our constitution.
Unfortunately all the CEOs of these corrupt bank already got their $150,000,000 bonuses every year for the past 8 years.
How about getting some of that money back to pay off these burdens? I don't see any of those crocks being brought to justice - what am I saying...lol We can't even get congress to have hearings on the possibility of impeachment. Never mind. ++ungood.
I think it's time to put the United States of America up for sale. China are you listening? You give us five trillion dollars and you can have the army, navy, airforce and Marines; including George Bush and Dick Cheney. We'll even throw in McCain and Palen as a bonus!
Not as long as they purchased their cars before the government bailout.
I'm not even sure where the hundreds of billions from the bailout is going. So we might not pay for their cars. It'll just decrease the value of the money in your wallet/bank account.
They're still lying. It's going to cost between $200 and $800 billion imaginary Fed. Reserve dollars. That means hyperinflation people. Your savings, they will become worthless.
there you have you fucken Republican bastards. RECESSION! the bastard cause this mess, now they are trying to get credit for "fixing" Mcsame and Palin bitch!
It doesn't cost the Government a dime, but it destroys savings in money and undercuts the capital value of property. Banks will more probably act responsibly when the Government upholds the law in respect of illegal fractional reserve banking practices.
why does the fed have to "fight" inflation if theyre the ones printing the money? why is capitalism supposed to result in monopolies? why do we need a fed? why is money created out of thin air? why is the system "supposed" to crash every few decades? who has all the money to lend to the government? how can a government stabalize a system that the free market cant stabalize and why are these markets unstable in the first place?
these are the questions i expect every citizen to ask themselves.
Her comes a downward spiral. The CEO's of these companies get to walk away with millions upon millions and THE TAX PAYERS have to pick up the tab for their mistakes. They should have just let these institutions fail to make the people who made the bad decisions responsible for them. Why should my children's, grand-children have to pay for greedy dishonest millionaires thievery. I think their assets should be taken back to pay for some of this and they should be put in JAIL.
Federal Socialist States of America (the states dont really exist anymore but they left in the word just for nostaligic reasons)
This new governing body need not use the constittion of the united states of america as the USA no longer exists.
Second rule
Your employer will now be required to give all salary, income, and any bennifits directly to the FSSA. The FSSA will give you a pay check at the end of each mounth.
Fuck it all. Who wants to be part of this economy anyway. Too bad for those who are dependent on it, but I'm sick of not being able to go anywhere in this system. Learn how to survive as I have and just move into nature. That's all I want. I just want to live a natural life. Suburbia is a disorder.
Was the $25-$50 Billion estimate calculated by the same folks who saw no problems 2 years ago, talked of "containment" one year ago, and trumpeted "The worst is behind us!" just a few weeks ago?
200-300 billion is probably more like it. Picture this... A home owner pays his mortgage of $1200 a month for 5 years that =$60,000, then unable to pay, the bank forecloses. Now multiply $60,00 times 8000 foreclosures a day. Somebody is getting VERY WEALTHY from this scam. And it ain't the "average" American. The Banks STILL owns the house, & keeps the down-payment/monthly payments. It's a win-win for the banks. Menawhile, the "average" American has terrible credit, and lives in a car
Don't worry, America will not exist once World War 3 starts. Google "Russian Scalar Weapons" and you will see hundreds of informative links on Russia's perfected Tesla Weapons and how it moves at the speed of light and is more powerful than even Hydrogen Bombs. The world has changed.
Ladies and gentlemen, gather round. Behold the wonder. You shall will witness a nation vanish before your very eyes and then be replaced with that of another, and you will be so mezmerized, you will never even know the difference! Chango-presto, did you see that, folks? Did you catch that sleight of hand? Of course not, it would not be a trick if you did. The United States of America now = The Corporate Military Complex of Fascism. And liberty dies to the sound of thunderous applause. Hooray!
Gee isn't the US government doing a great job of destroying your beautiful country. The whole place is being run like Enron, you know how that story ended.
50 trillion dollars in liabilities ? The printing press is going to break down, value leaves the paper and flocks to quality. Gold and silver are timeless, paper always goes to its org. value "0* ! What proof do you need, total collapse of the world's paper money system should do it.
So you are not talking about the US government but the FED.
There is nothing wrong with paper money as long as it is backed by something. Lincoln's green back lasted about 100 years before it was "phased out". I don't think those advocating that money should be backed by gold or silver are saying we should not print money ever. They just want the money to mean something.
Yes, I just bought a 1 rouble Russian coin, just over a half ounce of silver. So somebody earned this wealth just over a hundred years ago. 1 rouble. It now takes 23 roubles to exchange for 1 US dollar. The coin is dated 1896, so it not only has maintained its value, its worth 23 times of its original. Really its only worth what is was worth a hundred years ago, inflation proof. That's the problem with paper, it doesn't maintain its value.
I paid $20 dollars for it, collector value. With spot silver price its worth about $6 dollars in silver, but a hundred years ago it was worth 1 rouble. Its maintained its value for over a hundred years. Even if silver went to $5 bucks an once, its still worth something. Look at a 600 year silver chart, you will see how undervalue silver is. A hundred years from now it will be worth a pd of rice. What's a US dollar bill going to worth a hundred years from now ?
The "US g-morons" with the co operation of the FED have taken the purchasing value of the US dollar from 1.00 to .04, that means a hundred years from now, there will be no Fed Note, it might be some other fiat currency, but my Russian Rouble will be worth a 1/2 of silver at spot. Money back by nothing is worthless paper. Silver as money is inflation proof.
My biggest problem has been trusting the government to run things on the up and up. I only found this simple reality out last year, I should have been saving my wealth in something real. My biggest kick in the you know whats, was when Ron Paul message of fiat money was being surpressed. Thank God for the internet, with the knowledge of what the government around the world are doing, at least I'll be able to eat. Starving to death is not fun.
No one should trust other people to put his/her interest first. That is why government should not be trust and neither should corporations. The difference? Corporation is for profit and government is NOT.
No it isn't, also tying your currency to a finite resource doesn't allow you any financial flexibility. Let alone pulling yourself out of a recession or a depression. If you want to see the effects these policies of tying money to finite resources has done or simply the accelerated extraction of said resource look at the slave trade in Africa(now) and the US back in the 1800's.
At least it offers a way of saving for your future, fiat money would work if the government could be trusted no to "create out of thin air" wealth. How can you save for your future, if the government doesn't offer any means to? As an individual I 'll take care of myself, I'm not going to be trusting enough to trust the government. The government is worst than the mafia, at least with the mafia you can pay them and they will leave you alone.
some one will pay, ether people who made bad choices or the people that made good ones. penalizing prudence and rewording fools is a recipe for further disaster.
Greed Greed Greed ... and THIS is the pay off. Now we all end up having to save the asses of all the wealthy scumbags who became drunk with money in their pockets. Why do we have the money to bail out the WEALTHY and none to help the less fortunate in our culture ?? The CEO who is replacing the last crook is being given a signing bonus of millions ???????
How did this happen?...one word-GREED. Greed of the loan/mortgage, banking, credit industry. The wealthy people in the United States "transferred" a large chunk of money from the pockets of "the average" American, to the pockets of the "richest" people in American. All under the watchful eye of the Bush Administration.....and nobody say it coming...c'mon people. Now the taxpayers will bail-out Freddie and Fannie. But that money didn't just disappear. It's sitting in off-shore accounts
How about ALL of them, the FDIC is going to have to go to the FED to cover all the bank failures. If you like waiting in lines, keep you money in the bank. Sounds like a great way to meet people.
Nothing prevents them from creating wealth out of thin air, gold and silver keeps the printing presses or keyboard in check. The US constitution has not been followed since 1913, the next year WW1 started, funny a printing press was created before a great war.
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energetic fun smart and loves this video
im bored on cam Ng
GHettobye 3 years ago
The housing bubbleburst will be a boon to me. Soon I'll be able to afford a home myself. And I WON'T buy a house with a mortgage payment that puts my bills at 98% of my income, like thousands of fools did in S. Florida.
theunknownknows 3 years ago
Funny how these neocon and neolib Friedmanoids become instant Fabians when their corrupt oligarchy is threatened. After all, what would be the political consequences of a global economic depression? Can't let the frogs know they're being boiled . . .(we're the frogs.)
Rolandzebub 3 years ago
and by the way, friedman was neither neo con nor con - he was brilliant in all aspects of liberty. All for freedem period
ogello 3 years ago
So was he against wage slavery then? don't think so, he was all for the freedom of the rich, period.
eastcombe127 3 years ago
I'm upset the video didn't point out Palin's mistake. "They have become too expensive for the taxpayer." That shows a complete lack of understanding of fannie and freddy. They were quasi-private before this bailout, not costly government programs. The Republican policy of de-regulation is the reason we're in this mess. Slash and burn Governor Palin, bless your heart!
RGMorgan 3 years ago
The U.S. government absolutely screws up 100% of every thing it touches. I do not know how giving a private business our money is in anyway good... The government can not control the FRB, the CFR, conduct a proper investigation into 911, impeach our elected officials...WTF? When did they every get anything Right...NEVER...and the Real News seems to have left that part of the story out...Why?
Hawkflieshigh 3 years ago
OMG! The government is using taxpayers money to take over the ownership of their homes! OMFG! The government can claim that they don't want to have to take over 50% of American mortgages, but don't you believe it. The American government is the largest employer in America and now they will own half of American's homes. Good luck standing up the corrupted U.S. government now; you piss them off and they foreclose on your home with some new government loophole.
jasonlajoie 3 years ago
Really don't know what your talking about do you? If they hadn't done that the entire planet would have entered a depression. Socialism saved the US through nationalization. Get off the internet conspiracy nut.
patient0Studios 3 years ago
patient0Studios: I'm entitled to my opinions and to be on the internet. If you don't like it you can go fuck yourself:)
Have a nice day.
jasonlajoie 3 years ago
patent0Studios: You know something? You stating that the U.S. housing crisis would have caused a global depression tells me that you don't fully understand what you're talking about. It would take derivatives failing globally to cause a global depression, not one countries housing market going bust. Good god I can't stand stupid cunts like you telling other people they don't have a right to their own opinions/theories/ideas. Keep your myopic concepts off my comments, asshole.
jasonlajoie 3 years ago
So you are saying that I don't know what I'm talking about? So you are then by default arguing that by eliminating the worlds single largest consumer losing its buying power wouldn't cause any degree of depression on a global scale?
patient0Studios 3 years ago
patient0Studios: Wake up and look at the effects. People who lose their homes rent. A housing market going bust does not bring about a complete economic depression for one country, let alone the world. Values plummet and people cannot afford to sell their homes at a loss, that is all. Americans have been buying cheap shit from China for decades now. The rest of us (Europe) would be largely unaffected by a diminished buying capacity of the U.S. citizenry. Think recession, not depression, big diff
jasonlajoie 3 years ago
Your arrogance is not justified by your ignorance. Many, many European banks and municipalities owned derivatives that were securitized with junk mortgages packaged and sold with bogus ratings. You clearly don't know what the fuck you are talking about.
Rolandzebub 3 years ago
Rolandzebulb: Hey asshole, it hasn't caused a "global depression" or any depression, which is what my return comment was about. Thanks for adding your two cents though fuckwit.
jasonlajoie 3 years ago
Hey dont use improper wording !
A recession is when most businesses start to get bankrupt.
A depression is the end of the recession cycle and firms stop getting bankrupt.
Depression is good ! Recession is bad , we are in a recession , go learn some economy and stop listening to idiots or the media or the idiots from the media.
PerfektBlue 3 years ago
Dearest PerfektBlue,
Yes of course you're right. That's why the worst economic period in the U.S. history was called 'The Great Depression', because a depression is when the good times start rolling. I need to "go learn some economy" and "stop listening to idiots". Wait...then why am I listening to you?
jasonlajoie 3 years ago
Your housing market got OWNED!
"The Treasury Department and the Federal Reserve took steps to bolster confidence in the corporations, including granting both corporations access to Federal Reserve low-interest loans (at similar rates as commercial banks) and removing the prohibition on the Treasury Department to purchase the GSEs' stock."~Wikipedia
iKnowYouSeeThis 3 years ago
Well it looks like this problem that began in the 1980's of nonqualifying for home loans, cutting interest rates and overvaluing housing has made too many people into homeowners that could not handle it. They are too far over their heads. Looks like alot of people will go back to apartments and leave homes vacant. Go back to saving 10 or 20% pay down before you get a mortgage again. It will take time to correct.
prrolg 3 years ago
Freddie and Fannie need a divorce, and nationalization should be followed to breaking up the companies into private enities, but once a company it very hard to politican to privatize the company.
gizmosells 3 years ago
Another free market fundamentalist. They were private companies already. Why was there no competition? What is to prevent them all from failing, regardless of the number? You have a ready solution but you fail to understand the problem.
j0hnwi11iams 3 years ago
I think these bankers knew they were dishing out risky loans. Who cares as long as were getting rich they said. In the end the people will end up paying for this bubble through indirect tax "inflation" and govt bailouts. Someone should be going to jail dammit.
EMPIRE0FLIES 3 years ago
The housing market is just balancing to the fact the average americam makes less then he did 10 years ago. Thus we can't afford the same homeprices we coud of. That said the banks had sought to rob ther average joe of all he had. And now that they have robbed the average joe of everything they find they suddenly can't make what they thought he could out of him. these banks should burn in flames of debt themselves.
twylightsky2007 3 years ago
Does it even concern the average idiot who thinks this is actually a good thing that the US government now owns 80% of the homes in the US?
Consider this - now that the US government is the holder of the deed, and effectively owns your home - the 3rd Amendment and 4th Amendment of the Constitution no longer apply to you. As it is now their home, the police/military can come in & take over...search your sock drawer and sleep in your bed. Do you think this also entitles them to fuck your wife?
WakeTheFuckUpSheep 3 years ago 3
OMG!!!!!!!
Thank you for saying it. You are 100% correct, the govt now owns at least 65% of homes in the US. And if it is just the name of the husband listed as "TENANT" then yes they can fuck his wife because the wife is property of the tenant and can be seized as part of the payment towards the house property.
lancelonger 3 years ago
this is what happens when you create money out of thin air.
wretchedSTONER 3 years ago
This is all so TOTALLY ridiculous. These transnationalists play you guys just like a fine tuned violin!
I just laughed and laughed and laughed.
I have to say, I USED to think Americans were ignorant.
You guys are FALLING for this shit.
You are not only STUPID, you're stupid assholes!
What a nation of JERKS!
BONG!!!
Round 3.
t4705mb6 3 years ago
Lol...Neocon Welfare worse than soviet communist system. What a joke.
THAT is WELFARE you dumb fucking Republicans, far bigger than anything you accuse the liberals of.
The housing crash is ENTIRLEY DUE to Neocon Checkenhawk 10 billion+ a week Iraq war.
SatwaMan 3 years ago 2
Well the housing crash was caused by deregulation, laisse fair idiocy and unsrupulous lending, but I share your hatred of the hypocritical and morally bankrupt repugnantcunts!
partymariner 3 years ago
Wrong. The crash was caused because through the community reinvestment act the govt. gave incentives to banks to give risky loans to stupid people, and the rate cutting of the greenspan years caused lots of malinvestment. In a truly free market those false signals would not have been given and they would not have made those bad loans.
ferrozm 3 years ago
finally someone besides me who see's this
rell127 3 years ago 2
END CORPORATE CRIME! RENEW AMERICAN DEMOCRACY!! OPEN THE DEBATES!!!
/watch?v=TsAKXeyvxzU
In this highlight reel you can see excerpts of speeches by Ralph Nader, his VP Candidate Matt Gonzalez, and former Minnesota Gov. Jesse Ventura talking about open debates and how they impact elections.
Contribute now to help us try to get Ralph Nader and Matt Gonzalez in the presidential debates:
votenader (dot) org
GET INFORMED! YOU CAN HELP STOP THE GLOBAL WAR, IMPOVERISHMENT, AND THEFT OF HUMANITY!!
FartheadOgre 3 years ago 2
i would vote for nadar if he didn't say the only reason why Obama got this far is because he's black and if he could actually win.
rell127 3 years ago
but it's true to an extent. being black is controversial in this country and any publicity is good publicity for politicians. the fact that the media has catered to the race card has kept him on the national spotlight, at least to the most primitive audience (which is the widest)
i still think u should vote for a non-establishment, non-corporate and boot-licking candidate. so Nader is a great choice. Barr is too. anybody. Obama will play this left-right game and nothing will change.
QbanNewWave 3 years ago
you do make a slight point but you have to think about this how many other black people have run for president actually there's one every year so whats that saying?? Also i mean for him to say that show how he feel's i mean this is the same man that claims he wants to clean up Washington but yet he's just now getting in the race i mean Obama has been doing things for people for years he was a civil rights lawyer he was community organizer and plus he has extremely high IQ
rell127 3 years ago
yes i can't argue Obama's qualifications. he's a very accomplished man, but that doesn't change the fact that he's playing the game. the establishment game. and we're gambling a lot in a very critical, sensitive time in our country. we have the opportunity to elect someone who can really change things and his promises are empty if he continues for vote for unconstitutinal bills. he supports FISA and Patriot Act and supports a war in Afganistan. Vote for NADER/Gonzalez if you want REAL change.
QbanNewWave 3 years ago
Well with the War in Afghanistan no one disputes that they were the ones who attacked us also seriously the taliban and alot of other terrorist groups were there but let be honestly Nader not serious he never was and he never will be because every time he has an opportunity he goes in real late. Also i would support him if he wasn't a blainting racist i rather go with McCkinnley over him
rell127 3 years ago
It's irrelevent that he's black. I praise him for getting this far, but remember that its Conyers, a black man, who in Congress has stonewalled impeachment of the most criminal president in the history of the US. For watever reason, he's failed to uphold his constitutional duty. a black man can't save us just for being black. we need a true champion of the people and our constitution.
QbanNewWave 3 years ago
Unfortunately all the CEOs of these corrupt bank already got their $150,000,000 bonuses every year for the past 8 years.
How about getting some of that money back to pay off these burdens? I don't see any of those crocks being brought to justice - what am I saying...lol We can't even get congress to have hearings on the possibility of impeachment. Never mind. ++ungood.
PsyogiBottoms 3 years ago
banks got too greedy
RAPMONSTAR 3 years ago
In between 3:12 and 3:13, there's an image of Obama.
I'm hoping that's just someone chopping the footage at the wrong time.
MooseOfReason 3 years ago
I think it's time to put the United States of America up for sale. China are you listening? You give us five trillion dollars and you can have the army, navy, airforce and Marines; including George Bush and Dick Cheney. We'll even throw in McCain and Palen as a bonus!
pongman 3 years ago
I think China may already have enough slave traders.
PowerAndPerception 3 years ago
so we have to pay for all these crooks driving around in their high end sports cars?
EMPIRE0FLIES 3 years ago
Not as long as they purchased their cars before the government bailout.
I'm not even sure where the hundreds of billions from the bailout is going. So we might not pay for their cars. It'll just decrease the value of the money in your wallet/bank account.
Thank Congress. Rubberstamp everything.
MooseOfReason 3 years ago
They're still lying. It's going to cost between $200 and $800 billion imaginary Fed. Reserve dollars. That means hyperinflation people. Your savings, they will become worthless.
jakewayd 3 years ago
hey, you are right!
IWantDemocracyNow 3 years ago
there you have you fucken Republican bastards. RECESSION! the bastard cause this mess, now they are trying to get credit for "fixing" Mcsame and Palin bitch!
Idtelos 3 years ago 2
What "bastard" caused this mess?
MooseOfReason 3 years ago
here here!
Idtelos 3 years ago
We had a choice... make the crooks who robbed the housing industry pay. Don't make the victims pay.
Nationalization does nothing to help the common man in the housing market. It is simply welfare for the rich.
thbyrnes 3 years ago
"Fannie Mae and Freddie Mac are so large"...
There in lies the problem. Continuous spin-off activity is necessary for long term survival.
savvysymbiont 3 years ago
Now the United States will be REORGANIZED! In to the first GALACTIC EMPIRE! For safe and secure society! *Thunderous Applause*
beerasaurus 3 years ago
It doesn't cost the Government a dime, but it destroys savings in money and undercuts the capital value of property. Banks will more probably act responsibly when the Government upholds the law in respect of illegal fractional reserve banking practices.
charlessmyth 3 years ago
How great it is to live in a country that respects private enterprise ;)
Oh the delicious irony!!!
sweetpotos 3 years ago 3
why does the fed have to "fight" inflation if theyre the ones printing the money? why is capitalism supposed to result in monopolies? why do we need a fed? why is money created out of thin air? why is the system "supposed" to crash every few decades? who has all the money to lend to the government? how can a government stabalize a system that the free market cant stabalize and why are these markets unstable in the first place?
these are the questions i expect every citizen to ask themselves.
ndes0532 3 years ago 2
Her comes a downward spiral. The CEO's of these companies get to walk away with millions upon millions and THE TAX PAYERS have to pick up the tab for their mistakes. They should have just let these institutions fail to make the people who made the bad decisions responsible for them. Why should my children's, grand-children have to pay for greedy dishonest millionaires thievery. I think their assets should be taken back to pay for some of this and they should be put in JAIL.
darkkittycry 3 years ago 5
The Beginning of the End
OlGreyWolf58 3 years ago 3
Death to Smoochie...
daeflyn 3 years ago
TRUTH!!!
danoking69 3 years ago 2
Bernanke illegally bailed out rich Wall Street bankers to the tune of 12 trillion
The message is: Screw up as much as you want and the tax payer will bail you out!
Effect: Banks won't act responsibly
Thank god for my 2nd citizenship
See ya later suckers!
sugarpuddin88 3 years ago 3
New Rule
USA is to be called FSSA
Federal Socialist States of America (the states dont really exist anymore but they left in the word just for nostaligic reasons)
This new governing body need not use the constittion of the united states of america as the USA no longer exists.
Second rule
Your employer will now be required to give all salary, income, and any bennifits directly to the FSSA. The FSSA will give you a pay check at the end of each mounth.
waveoflight 3 years ago 2
Fuck it all. Who wants to be part of this economy anyway. Too bad for those who are dependent on it, but I'm sick of not being able to go anywhere in this system. Learn how to survive as I have and just move into nature. That's all I want. I just want to live a natural life. Suburbia is a disorder.
Sorry....just had to vent. Peace
billybbob18 3 years ago 2
speculation bubbles always go pop!
So America goes down the Nationalisation road.. still maybe I'll be able to afford to buy a home one day if this goes on.
ejbh3160 3 years ago
Shut the fuck up sarah. Why wont you talk to the press? She can't talk to our soft mainstream media and she is supposed fit to be president?!!!
StephinRazin 3 years ago
Was the $25-$50 Billion estimate calculated by the same folks who saw no problems 2 years ago, talked of "containment" one year ago, and trumpeted "The worst is behind us!" just a few weeks ago?
Because if it was we should assume $100B+++.
PotSmokinFoo 3 years ago
200-300 billion is probably more like it. Picture this... A home owner pays his mortgage of $1200 a month for 5 years that =$60,000, then unable to pay, the bank forecloses. Now multiply $60,00 times 8000 foreclosures a day. Somebody is getting VERY WEALTHY from this scam. And it ain't the "average" American. The Banks STILL owns the house, & keeps the down-payment/monthly payments. It's a win-win for the banks. Menawhile, the "average" American has terrible credit, and lives in a car
monkeypeopleofearth 3 years ago
Don't worry, America will not exist once World War 3 starts. Google "Russian Scalar Weapons" and you will see hundreds of informative links on Russia's perfected Tesla Weapons and how it moves at the speed of light and is more powerful than even Hydrogen Bombs. The world has changed.
Cossack007 3 years ago
Ladies and gentlemen, gather round. Behold the wonder. You shall will witness a nation vanish before your very eyes and then be replaced with that of another, and you will be so mezmerized, you will never even know the difference! Chango-presto, did you see that, folks? Did you catch that sleight of hand? Of course not, it would not be a trick if you did. The United States of America now = The Corporate Military Complex of Fascism. And liberty dies to the sound of thunderous applause. Hooray!
anongrey 3 years ago 4
fucking awesome
PotSmokinFoo 3 years ago
Now thats real CHANGE.
The Corporate Military Complex of Fascism has cried "YES WE CAN"
waveoflight 3 years ago
Gee isn't the US government doing a great job of destroying your beautiful country. The whole place is being run like Enron, you know how that story ended.
boots920 3 years ago 4
Only if you can prove that the whole place is being run like Enron.
mengwise36 3 years ago
50 trillion dollars in liabilities ? The printing press is going to break down, value leaves the paper and flocks to quality. Gold and silver are timeless, paper always goes to its org. value "0* ! What proof do you need, total collapse of the world's paper money system should do it.
boots920 3 years ago
So you are not talking about the US government but the FED.
There is nothing wrong with paper money as long as it is backed by something. Lincoln's green back lasted about 100 years before it was "phased out". I don't think those advocating that money should be backed by gold or silver are saying we should not print money ever. They just want the money to mean something.
mengwise36 3 years ago
Yes, I just bought a 1 rouble Russian coin, just over a half ounce of silver. So somebody earned this wealth just over a hundred years ago. 1 rouble. It now takes 23 roubles to exchange for 1 US dollar. The coin is dated 1896, so it not only has maintained its value, its worth 23 times of its original. Really its only worth what is was worth a hundred years ago, inflation proof. That's the problem with paper, it doesn't maintain its value.
boots920 3 years ago 2
So you bought it for about $10? Or did you buy it for $1?
The price of silver is about $20/ounce these days right? So for the amount of silver, it should worth $10.
mengwise36 3 years ago
I paid $20 dollars for it, collector value. With spot silver price its worth about $6 dollars in silver, but a hundred years ago it was worth 1 rouble. Its maintained its value for over a hundred years. Even if silver went to $5 bucks an once, its still worth something. Look at a 600 year silver chart, you will see how undervalue silver is. A hundred years from now it will be worth a pd of rice. What's a US dollar bill going to worth a hundred years from now ?
boots920 3 years ago
Unless the US government collapse all together, that dollar bill will still worth a dollar. The real question is, how much will that dollar buy you?
mengwise36 3 years ago
The "US g-morons" with the co operation of the FED have taken the purchasing value of the US dollar from 1.00 to .04, that means a hundred years from now, there will be no Fed Note, it might be some other fiat currency, but my Russian Rouble will be worth a 1/2 of silver at spot. Money back by nothing is worthless paper. Silver as money is inflation proof.
boots920 3 years ago
That is if no one will mine more silver between now and then. But I do agree with you, dollar is way down.
mengwise36 3 years ago
My biggest problem has been trusting the government to run things on the up and up. I only found this simple reality out last year, I should have been saving my wealth in something real. My biggest kick in the you know whats, was when Ron Paul message of fiat money was being surpressed. Thank God for the internet, with the knowledge of what the government around the world are doing, at least I'll be able to eat. Starving to death is not fun.
boots920 3 years ago
No one should trust other people to put his/her interest first. That is why government should not be trust and neither should corporations. The difference? Corporation is for profit and government is NOT.
mengwise36 3 years ago
No it isn't, also tying your currency to a finite resource doesn't allow you any financial flexibility. Let alone pulling yourself out of a recession or a depression. If you want to see the effects these policies of tying money to finite resources has done or simply the accelerated extraction of said resource look at the slave trade in Africa(now) and the US back in the 1800's.
patient0Studios 3 years ago
At least it offers a way of saving for your future, fiat money would work if the government could be trusted no to "create out of thin air" wealth. How can you save for your future, if the government doesn't offer any means to? As an individual I 'll take care of myself, I'm not going to be trusting enough to trust the government. The government is worst than the mafia, at least with the mafia you can pay them and they will leave you alone.
boots920 3 years ago
some one will pay, ether people who made bad choices or the people that made good ones. penalizing prudence and rewording fools is a recipe for further disaster.
Transitiving 3 years ago
Greed Greed Greed ... and THIS is the pay off. Now we all end up having to save the asses of all the wealthy scumbags who became drunk with money in their pockets. Why do we have the money to bail out the WEALTHY and none to help the less fortunate in our culture ?? The CEO who is replacing the last crook is being given a signing bonus of millions ???????
MasterMark123 3 years ago 3
wow, that's great...so why did these stupid banks give out these bum mortgages in the first place, bunch of bs
Serge808 3 years ago
Welcome to Corporate Facism.
tito45 3 years ago 2
The term is Corporatism. See Mussolini's essay discussing the corporatist state, Doctrine of Fascism.
xwidget 3 years ago
How did this happen?...one word-GREED. Greed of the loan/mortgage, banking, credit industry. The wealthy people in the United States "transferred" a large chunk of money from the pockets of "the average" American, to the pockets of the "richest" people in American. All under the watchful eye of the Bush Administration.....and nobody say it coming...c'mon people. Now the taxpayers will bail-out Freddie and Fannie. But that money didn't just disappear. It's sitting in off-shore accounts
monkeypeopleofearth 3 years ago 2
The Federal reserve screwing us again. nice
jbs4life1 3 years ago
That was the purpose, wasn't it? I would say the Fed succeeded beautifully.
mengwise36 3 years ago
Who will they bailout next (at our expense)....Citibank, Bank of America, Chase?
700eyesonly007 3 years ago
How about ALL of them, the FDIC is going to have to go to the FED to cover all the bank failures. If you like waiting in lines, keep you money in the bank. Sounds like a great way to meet people.
boots920 3 years ago
The Criminal Bush's family fault?
Nah...C'mon
volumedealer1 3 years ago
This seems like a bad idea, but I can't come up with a better one :(
I hope things improve soon!
karinablack 3 years ago
How about letting them fail, and returning to sound money as stated the Constitution of the United States of America.
Things aren't going to improve soon, things are this bad because it was planned to be that way.
boots920 3 years ago 3
So you are suggesting getting rid of the FED.
mengwise36 3 years ago
mengwise36 i am guessing you are responding to boots920.
I think he is saying that the FED follow the rules given to it in the Constitution of the United States of America.
waveoflight 3 years ago
The FED is the abomination of the Constitution. To think that a government does not control its own money.
mengwise36 3 years ago 2
Nothing prevents them from creating wealth out of thin air, gold and silver keeps the printing presses or keyboard in check. The US constitution has not been followed since 1913, the next year WW1 started, funny a printing press was created before a great war.
boots920 3 years ago
And the IRS and income tax was put in to pay for it.
mengwise36 3 years ago
Like not exist at all??
jclayton59466 3 years ago