it's about connections; always has been. there were private banks that took plenty of taxpayer money as well. You are all upset about the govt and fannie and freddie- but the REAL villain in all this was a privately owned company called Goldman Sachs. Remember, Hank Paulson was a former CEO of Goldman Sachs, and he was treasury secretary under Bush.
The connections to the Obama admin are almost as deep- summers, geithner- all wall street crooks.
Right on, buddy. The regional banks loan to local small businesses and individuals. The big ones couldn't care less. Big banks buy up community banks, thus become even more too big to fail.
This is a coup by the bankers, not the government. The bankers buy the government, write the banking laws, choose their own "regulators" and install their cronies in key govt money positions. They blackmailed the govt into the bailout, on threat of bringing down the world economy.
Makes you wonder whether these economic crisis aren't managed into effect. In every economic crisis, the (for want of a better term) "Elite" buy themselves up large portions of the economy. They even do this with OUR God damned money!.
Also, the more the Government bails out - in reality takes over - the more lobbyists you will see in the capital , controlling more of the economy, because large, all powerful, Government is like shit to flies.
The root problem is the Federal Reserve, tho only the 3rd party candidates even speak of its name , funny huh?
Its the elephant in the room that no-one wants to talk about in the mainstream. The only thing they want to do is give it even more power over the economy. Madness.
It pains me to say this but America - the land of the free, the land where the genius of the Republic is giving man free reign over his/her ambitions - is only heading in one direction...
I heard an idea that I thought was interesting. Instead of giving all these banks 700billion why not give it back to the tax payers. That would be a huge chunk of cash that people could use to pay their mortgages, or credit etc. If we assumed that they used the 700bill they want to give the banks and we gave it out to 300mill people, way more people than actually pay taxes etc, that would be approx $2,333 a person. Think about how that might affect things from our side.
YES. Use a Credit Union. Credit Unions are owned by their depositors - your deposits are called "shares" and the Credit Union makes loans ONLY to its own members, and it only loans out its depositors' actual deposits. A Credit Union DOES NOT CREATE MONEY OUT OF THIN AIR AND CREATE INFLATION.
Move ALL of your money to a Credit Union NOW - ASAP. If you don't believe me, research "credit union" online and learn the truth for yourself... but DO IT FAST.
Communism is always a FACADE for the OLIGARCHY that actually ends up controlling the SUPPOSEDLY socialistic ("peoples") gov't. It is always a LIE.
"OLIGARCHY: a form of government in which all power is vested in a few persons or in a dominant class or clique; government by the few."
Since when did the ordinary citizens of the USSR have a VOICE in ANYTHING??? The commies toppled the Russian monarchy and murdered the Czar and his family... then took over. Did ordinary people benefit? NO.
First the Fed is a PRIVATELY owned bank and they are NOT a branch in our government. Second the REAL reason for this bail out besides what is being said is this very simply Foreign Investors. The Chinese and Japanese both insisted that OUR government do something to PROTECT their investments, so the real question you want to ask is this "Why is foreign ownership of US Assets such a big deal"? They own a huge portion of our debt and when things go bad we have to oblige their requests? WOW
i dont see the difference if the chinese or japanese want their investments protected. Its probably BETTER, because the investors in our country seem content to take out billions in bonuses and then let the companies go under, as with Lehmann. Being interconnected also is one big way to prevent wars, as China is never going to attack a country that it owns so much of.
Its not about seeing a difference per say, its about seeing how the system works for those who pursue wealth. Wall street is full of crooks and have been given free reign in their pursuit. While these foreign investors pour their money into this fragile economy, government allows these crooks to ROB our system attain wealth and then have to place the burden on "common" people like you and I while these crooks enjoy their sev/bonus packages in their mansions?
Another thing I might add is that during the Depression of the Dirty 30's they didn't have any credit cards. There weren't these huge brokerage firms as we have them now. Once these banks start failing not only because of insolvent sub-prime, and prime home loans, but also because of bad credit card holders, that's when these giants will all be falling in rapid succession, just like dominoes. I think we're on the precipice of all this happening. September or October will be the months to watch
I don't know a lot about this, however, the Federal Reserve bank is not owned by the Federal Government. They are always going to be backed, however. I read a comment that Obama wants to bail out people who are in foreclosure status. As this sounds ideal, many of these people should never have been qualified for loans. Class B Mortgages would just go through for as little as $2,000. down on a $300,000. house. So, I don't see why these people should be bailed out.
The Fed is not owned by the Federal Government; however, the Fed is empowered by Congress and Congress has oversight of the Fed. The Fed is a government agency.
Google 1913 Federal Reserve Act. Governments and politicians do not rule central banks (Federal Reserve Banks), central banks rule governments and politicians. The Federal Reserve has "fractional banking" or fractional lending which is the ability to create money from nothing, lend it to the Government and charge interest. Then they claim inflation, which they created and prices increase attributed to an increase in the volume of money and credit resulting in shortage of cash and bankruptcies.
The Federal Reserve is a government agency. True, it is set up in a way that politicians do not rule central banks. However, the power extended to the Reserve is by congressional act, and Congress still has oversight of it.
It is not a Government agency. It is owned by the 8 wealthiest families in the world. You can find out who are at the top and the shareholders. Most do not even live in the USA. The US Government could pull it's money out, like Andrew Jackson did. JFK was going to do away with the Federal Reserve Bank, however, he was assassinated. We are talking about very powerful people. Allen Dulles, head of the CIA and shareholder was fired by JFK. LBJ appointed Allen Dulles to the Warren Commission.
Do you REALLY think that Congress will do anything at all to constrain the activities of the Federal Reserve banking cartel? Can you say "lobby", boys and girls? Can you say "perks" - like special loan rates for congressmen and their families? Inside trading info - like knowing that the stock markets will fall when the media reports this news. Who do you think was buying all those fallen shares up again at low prices when the media announced this bailout? They sent MARTHA STEWART to jail???
The Federal Reserve's legality has been questioned since it's inception, anything that walks that razor thin line is subject to obfuscation...they are in essence an arm of the federal Government, after all...FEDERAL is part of their name!
Look at it like Federal Express. The Government doesn't own the Federal Reserve. It was abolished until 1816 because of the war of 1812 when bankers knew they could influence congress because of the economic chaos. The Federal Reserve creates inflation by implementing "fractional lending" which is the ability to create money from nothing, lend it to the Government and charge interest.
Now everyone please SEARCH youtube for "Dr Edwin Vieira" and for "Murray Rothbard" and please listen to each of their lectures. They are both brilliant economists who explain this Creation of Money Out of Nothing and it's resulting inflation very very well.
It is essentially Legalized Counterfeiting authorized by the US Congress, and it drives up prices so that everyone is forced to borrow money and pay the bankers MORE and MORE interest. VICIOUS CYCLE!!!
THINK ABOUT IT. Easy credit - easy access to high credit card limits and all those tempting "rewards" and frequent flyer miles and hotel and travel deals all linked up with ads for putting all these fun things on your credit cards and using credit cards to buy everything from groceries to underwear until most of America is DEPENDANT on it as a WAY OF LIFE and all this spending power drives up prices to the point where no one can buy anything WITHOUT using credit. It's a TRAP.
its not the Fed itself that is the problem. It is how it was run. These companies were making billions with little or no oversight. These loans were crap. The loans themselves led to the blow-up because they inflated the value of homes by making them easier to buy. Without the cheap loans the values couldn't have risen to silly levels. I don't agree with blaming the buyers, however. The lenders could easily have written fair loans that weren't timebombs. They just chose not to.
Yes and that right their is KEY, being able to write loans with NO OVERSIGHT. So basically I could convince a family to purchase a home backed by a government so the money for sure going to be paid. Now when the change on the loan takes effect and the interest goes up, the family is screwed the broker has his commission and oh well. So that right their is the problem, the government given business free reign to ABUSE and corrupt the system. Check who voted for that...MOST OF THEM all in it toget
Tallcool1: did you know Obama's chief ecoomic advisor headed fanny mae for 6 years, then left to work for Lehman bros, he was replaced by Obama's asst. chief of staff at fanny mae.
No investigation, why??? Because bush, Cheny or pubs cant be traced to it, BUT, when Fanny Mae donates millions over 19 years to TOP democrats (345 of them) shouldnt those Dems give that money back. BTW: Obama was the largest recipient of political donations from Fanny.
OK. NOW THINK ABOUT IT. Would the Fed Res banks have over-extended themselves to the point of failure if they didn't already KNOW they could count on the Congress to pass legislation to bail them out afterwards??? MY bet is that they had this all planned, promised and worked out in advance.
I own my property outright. I will not borrow against it. I will no longer use credit. I deposit my paycheck at a CREDIT UNION, which is owned by its DEPOSITORS and NOT the Federal Reserve.
As I said to you earlier I think we are heading toward another depression. Its not gonna be today or next week or even next year. One day you will get up and go to the bank to see a closed sign. If something doesnt happen for the better soon mark my word were screwed... Mitt Romney for VP 2008
I think its beyond depression, when the Roman empire failed, the world went into the dark ages. It just sucks, I'm a big car fan, and to see the big three on their knees. I don't know if my liver can take much more of this crap.
Good stuff... I know you are about three steps away from questioning the FEDERAL RESERVE. You know you want to go on a rant. Cut loose good buddy. SNAP! Much has evolved in the last year I have been watching. But, some of the staples remain. They turn up the heat on the water slowly. "THEY" ?
Nobody was consulted on the NYSE about these shutdowns, it is clearly a covert Coup, Shawny...until we stand up,they will never cease their agregious divergence...STAND UP!!
I'm living in commie (socialism) world right now and it sucks. Entitlements are promises, just like paper (fiat) currency. When it comes down to the nitty gritty who care about #1 (#1) does. The masses could give two shites about how things are going for me, right ! All these bailouts, socialize the losses, privitise the profit. What made USA great, INDIVIDUAL FREEDOM FOR THE MASSES. You guys are heading to a system like China has, look at that country, run away.
California laid off 22,000 ppl, that has little to do with bailing out a govt, more with fiscal responsibility. a Govt. entity (fanny Mae, Freddy Mac), which in turn takes over banks shut down by that same govt. No competition, hell, thats Wreeks of communism.
I have noticed this and am alittle surprised over the banks that are doing the taking over. I would think it would be JPM,C,MER,BAC,BCS,RBS,....basically all the banks on the SEC Naked Short Protection list. A select few of international and domestic banks. I believe Wells Fargo took over a bank recently (not on the list). But, I think the real question is what should or can be done about it?
I don't know enough about this to form a reasonable opinion. We have six or seven major banks in Canada, they do whatever they want with the users. They all make billions in profits every quarter (ie: four times a year)with my money. And we all do have to have a place to change our checks, right?
They never lose a penny...unless you declare bankrupcy.
In answer to your question it is likely both and a few other thinks. Different government factions have different agendas and sometimes form common benefits strategies like all other groups do. You knew that but I said it anyway.
The idea that we have a semi intrusive system isn't what bothers me. It's the extent some will take it and the inept governance of it. It often doesn't seek to benfit the people but rather legacy. Legacy has a place, not the only place, though.
well, to think that any country is not fascist is a stretch, after all, who gives to the politicians, the point of this was to demonstrate how control is being further grasped by the federal enclave.
This is why Ron Paul nutjobs are so pissed off! We are supposed to have a republic, we don't. We are supposed to have Constitutional rights, we don't. The illusion of democrcy continues. God help our children.
we have never been a democracy, as a matter of fact, our founding fathers warned against democracy, we are a republic, but as you know of late (40 years) we seem, all countries seem to be fascist). Get ready, the ball will drop, it is dropping.
it's about connections; always has been. there were private banks that took plenty of taxpayer money as well. You are all upset about the govt and fannie and freddie- but the REAL villain in all this was a privately owned company called Goldman Sachs. Remember, Hank Paulson was a former CEO of Goldman Sachs, and he was treasury secretary under Bush.
The connections to the Obama admin are almost as deep- summers, geithner- all wall street crooks.
tristramshandy3 1 year ago
Right on, buddy. The regional banks loan to local small businesses and individuals. The big ones couldn't care less. Big banks buy up community banks, thus become even more too big to fail.
This is a coup by the bankers, not the government. The bankers buy the government, write the banking laws, choose their own "regulators" and install their cronies in key govt money positions. They blackmailed the govt into the bailout, on threat of bringing down the world economy.
bulbheadmyass 2 years ago
End The Fed!
Nihilist13 2 years ago
Since it was tax dollars that bailed these banks out do the people still owe their loans?
sandman3698 2 years ago
Great video! One of your best yet! People need to know what is going on.
djonova 3 years ago
I TOLD YOU SO!!
:/
VonHelton 3 years ago
This has been flagged as spam show
CAN SOMEONE PLEASE TALK TO ME
hi anyone want to chat Jc
104bravo 3 years ago
Makes you wonder whether these economic crisis aren't managed into effect. In every economic crisis, the (for want of a better term) "Elite" buy themselves up large portions of the economy. They even do this with OUR God damned money!.
Also, the more the Government bails out - in reality takes over - the more lobbyists you will see in the capital , controlling more of the economy, because large, all powerful, Government is like shit to flies.
RPFS2008 3 years ago
The root problem is the Federal Reserve, tho only the 3rd party candidates even speak of its name , funny huh?
Its the elephant in the room that no-one wants to talk about in the mainstream. The only thing they want to do is give it even more power over the economy. Madness.
It pains me to say this but America - the land of the free, the land where the genius of the Republic is giving man free reign over his/her ambitions - is only heading in one direction...
Communism.
RPFS2008 3 years ago
I heard an idea that I thought was interesting. Instead of giving all these banks 700billion why not give it back to the tax payers. That would be a huge chunk of cash that people could use to pay their mortgages, or credit etc. If we assumed that they used the 700bill they want to give the banks and we gave it out to 300mill people, way more people than actually pay taxes etc, that would be approx $2,333 a person. Think about how that might affect things from our side.
cinnaraisnbagel 3 years ago
I never thought I'd say this but let those banks fail. Then start all over
Fringe111 3 years ago
YES. Use a Credit Union. Credit Unions are owned by their depositors - your deposits are called "shares" and the Credit Union makes loans ONLY to its own members, and it only loans out its depositors' actual deposits. A Credit Union DOES NOT CREATE MONEY OUT OF THIN AIR AND CREATE INFLATION.
Move ALL of your money to a Credit Union NOW - ASAP. If you don't believe me, research "credit union" online and learn the truth for yourself... but DO IT FAST.
HurricaneHeidi 3 years ago
You're so right about that. I'm with a credit union and it's the safest place to bank now.
Fringe111 3 years ago
Communism is always a FACADE for the OLIGARCHY that actually ends up controlling the SUPPOSEDLY socialistic ("peoples") gov't. It is always a LIE.
"OLIGARCHY: a form of government in which all power is vested in a few persons or in a dominant class or clique; government by the few."
Since when did the ordinary citizens of the USSR have a VOICE in ANYTHING??? The commies toppled the Russian monarchy and murdered the Czar and his family... then took over. Did ordinary people benefit? NO.
HurricaneHeidi 3 years ago
queensryke!
jannonymous 3 years ago
First the Fed is a PRIVATELY owned bank and they are NOT a branch in our government. Second the REAL reason for this bail out besides what is being said is this very simply Foreign Investors. The Chinese and Japanese both insisted that OUR government do something to PROTECT their investments, so the real question you want to ask is this "Why is foreign ownership of US Assets such a big deal"? They own a huge portion of our debt and when things go bad we have to oblige their requests? WOW
ealfinez 3 years ago
i dont see the difference if the chinese or japanese want their investments protected. Its probably BETTER, because the investors in our country seem content to take out billions in bonuses and then let the companies go under, as with Lehmann. Being interconnected also is one big way to prevent wars, as China is never going to attack a country that it owns so much of.
tallcoolone1 3 years ago
Its not about seeing a difference per say, its about seeing how the system works for those who pursue wealth. Wall street is full of crooks and have been given free reign in their pursuit. While these foreign investors pour their money into this fragile economy, government allows these crooks to ROB our system attain wealth and then have to place the burden on "common" people like you and I while these crooks enjoy their sev/bonus packages in their mansions?
ealfinez 3 years ago
Another thing I might add is that during the Depression of the Dirty 30's they didn't have any credit cards. There weren't these huge brokerage firms as we have them now. Once these banks start failing not only because of insolvent sub-prime, and prime home loans, but also because of bad credit card holders, that's when these giants will all be falling in rapid succession, just like dominoes. I think we're on the precipice of all this happening. September or October will be the months to watch
markymarkuss777 3 years ago
i just noted the date on your posting and I have to say that I guess you called it dude..
tallcoolone1 3 years ago
pot head
edwardcorfield16 3 years ago
except for Iraq, I agree with Barr and he will most likely get my vote.
Lewismadmax 3 years ago
dude u right lol
shadfan3 3 years ago
I don't know a lot about this, however, the Federal Reserve bank is not owned by the Federal Government. They are always going to be backed, however. I read a comment that Obama wants to bail out people who are in foreclosure status. As this sounds ideal, many of these people should never have been qualified for loans. Class B Mortgages would just go through for as little as $2,000. down on a $300,000. house. So, I don't see why these people should be bailed out.
mia0899cs 3 years ago
The Fed is not owned by the Federal Government; however, the Fed is empowered by Congress and Congress has oversight of the Fed. The Fed is a government agency.
karen32862 3 years ago
Google 1913 Federal Reserve Act. Governments and politicians do not rule central banks (Federal Reserve Banks), central banks rule governments and politicians. The Federal Reserve has "fractional banking" or fractional lending which is the ability to create money from nothing, lend it to the Government and charge interest. Then they claim inflation, which they created and prices increase attributed to an increase in the volume of money and credit resulting in shortage of cash and bankruptcies.
mia0899cs 3 years ago
The Federal Reserve is a government agency. True, it is set up in a way that politicians do not rule central banks. However, the power extended to the Reserve is by congressional act, and Congress still has oversight of it.
karen32862 3 years ago
It is not a Government agency. It is owned by the 8 wealthiest families in the world. You can find out who are at the top and the shareholders. Most do not even live in the USA. The US Government could pull it's money out, like Andrew Jackson did. JFK was going to do away with the Federal Reserve Bank, however, he was assassinated. We are talking about very powerful people. Allen Dulles, head of the CIA and shareholder was fired by JFK. LBJ appointed Allen Dulles to the Warren Commission.
mia0899cs 3 years ago
Do you REALLY think that Congress will do anything at all to constrain the activities of the Federal Reserve banking cartel? Can you say "lobby", boys and girls? Can you say "perks" - like special loan rates for congressmen and their families? Inside trading info - like knowing that the stock markets will fall when the media reports this news. Who do you think was buying all those fallen shares up again at low prices when the media announced this bailout? They sent MARTHA STEWART to jail???
HurricaneHeidi 3 years ago
The Federal Reserve's legality has been questioned since it's inception, anything that walks that razor thin line is subject to obfuscation...they are in essence an arm of the federal Government, after all...FEDERAL is part of their name!
Lewismadmax 3 years ago
Look at it like Federal Express. The Government doesn't own the Federal Reserve. It was abolished until 1816 because of the war of 1812 when bankers knew they could influence congress because of the economic chaos. The Federal Reserve creates inflation by implementing "fractional lending" which is the ability to create money from nothing, lend it to the Government and charge interest.
mia0899cs 3 years ago
its all about Bush and his dumbass policies. The Fed is much older than Bush, only now did all this crap occur.
tallcoolone1 3 years ago
That is CORRECT mia. BRAVO.
Now everyone please SEARCH youtube for "Dr Edwin Vieira" and for "Murray Rothbard" and please listen to each of their lectures. They are both brilliant economists who explain this Creation of Money Out of Nothing and it's resulting inflation very very well.
It is essentially Legalized Counterfeiting authorized by the US Congress, and it drives up prices so that everyone is forced to borrow money and pay the bankers MORE and MORE interest. VICIOUS CYCLE!!!
HurricaneHeidi 3 years ago
THINK ABOUT IT. Easy credit - easy access to high credit card limits and all those tempting "rewards" and frequent flyer miles and hotel and travel deals all linked up with ads for putting all these fun things on your credit cards and using credit cards to buy everything from groceries to underwear until most of America is DEPENDANT on it as a WAY OF LIFE and all this spending power drives up prices to the point where no one can buy anything WITHOUT using credit. It's a TRAP.
HurricaneHeidi 3 years ago
its not the Fed itself that is the problem. It is how it was run. These companies were making billions with little or no oversight. These loans were crap. The loans themselves led to the blow-up because they inflated the value of homes by making them easier to buy. Without the cheap loans the values couldn't have risen to silly levels. I don't agree with blaming the buyers, however. The lenders could easily have written fair loans that weren't timebombs. They just chose not to.
tallcoolone1 3 years ago
Yes and that right their is KEY, being able to write loans with NO OVERSIGHT. So basically I could convince a family to purchase a home backed by a government so the money for sure going to be paid. Now when the change on the loan takes effect and the interest goes up, the family is screwed the broker has his commission and oh well. So that right their is the problem, the government given business free reign to ABUSE and corrupt the system. Check who voted for that...MOST OF THEM all in it toget
ealfinez 3 years ago
Tallcool1: did you know Obama's chief ecoomic advisor headed fanny mae for 6 years, then left to work for Lehman bros, he was replaced by Obama's asst. chief of staff at fanny mae.
No investigation, why??? Because bush, Cheny or pubs cant be traced to it, BUT, when Fanny Mae donates millions over 19 years to TOP democrats (345 of them) shouldnt those Dems give that money back. BTW: Obama was the largest recipient of political donations from Fanny.
Lewismadmax 3 years ago
OK. NOW THINK ABOUT IT. Would the Fed Res banks have over-extended themselves to the point of failure if they didn't already KNOW they could count on the Congress to pass legislation to bail them out afterwards??? MY bet is that they had this all planned, promised and worked out in advance.
I own my property outright. I will not borrow against it. I will no longer use credit. I deposit my paycheck at a CREDIT UNION, which is owned by its DEPOSITORS and NOT the Federal Reserve.
HurricaneHeidi 3 years ago
it just more controll by the government
LtBuckshot90 3 years ago
Great vid! Very good points.
m1rock 3 years ago
Great video!!! It is great that you are touching on this subject.
djonova 3 years ago
As I said to you earlier I think we are heading toward another depression. Its not gonna be today or next week or even next year. One day you will get up and go to the bank to see a closed sign. If something doesnt happen for the better soon mark my word were screwed... Mitt Romney for VP 2008
rwalker200 3 years ago
I think its beyond depression, when the Roman empire failed, the world went into the dark ages. It just sucks, I'm a big car fan, and to see the big three on their knees. I don't know if my liver can take much more of this crap.
boots920 3 years ago
Good stuff... I know you are about three steps away from questioning the FEDERAL RESERVE. You know you want to go on a rant. Cut loose good buddy. SNAP! Much has evolved in the last year I have been watching. But, some of the staples remain. They turn up the heat on the water slowly. "THEY" ?
readywerx 3 years ago
Nobody was consulted on the NYSE about these shutdowns, it is clearly a covert Coup, Shawny...until we stand up,they will never cease their agregious divergence...STAND UP!!
REVOLUTION!!
Lewismadmax 3 years ago
no shawny, that is communism, I dont care what you call it, it is what it is
Lewismadmax 3 years ago
I wish the government would quit making such a mess of things.
truthforamerica 3 years ago
Welcome to my nightmare, welcome to commie world...I hope more people wake up.
boots920 3 years ago
harrumph, what did you say...Im awake, learn me dude....please learn all of us!
Lewismadmax 3 years ago
I'm living in commie (socialism) world right now and it sucks. Entitlements are promises, just like paper (fiat) currency. When it comes down to the nitty gritty who care about #1 (#1) does. The masses could give two shites about how things are going for me, right ! All these bailouts, socialize the losses, privitise the profit. What made USA great, INDIVIDUAL FREEDOM FOR THE MASSES. You guys are heading to a system like China has, look at that country, run away.
boots920 3 years ago
California laid off 22,000 ppl, that has little to do with bailing out a govt, more with fiscal responsibility. a Govt. entity (fanny Mae, Freddy Mac), which in turn takes over banks shut down by that same govt. No competition, hell, thats Wreeks of communism.
Lewismadmax 3 years ago
I have noticed this and am alittle surprised over the banks that are doing the taking over. I would think it would be JPM,C,MER,BAC,BCS,RBS,....basically all the banks on the SEC Naked Short Protection list. A select few of international and domestic banks. I believe Wells Fargo took over a bank recently (not on the list). But, I think the real question is what should or can be done about it?
ckekinit 3 years ago
Wells Fargo was taken over by Wa Mu about 2 years ago
Lewismadmax 3 years ago
I don't know enough about this to form a reasonable opinion. We have six or seven major banks in Canada, they do whatever they want with the users. They all make billions in profits every quarter (ie: four times a year)with my money. And we all do have to have a place to change our checks, right?
They never lose a penny...unless you declare bankrupcy.
Best of luck on that one.
redcollargedeon 3 years ago
In answer to your question it is likely both and a few other thinks. Different government factions have different agendas and sometimes form common benefits strategies like all other groups do. You knew that but I said it anyway.
The idea that we have a semi intrusive system isn't what bothers me. It's the extent some will take it and the inept governance of it. It often doesn't seek to benfit the people but rather legacy. Legacy has a place, not the only place, though.
PhantomRazor 3 years ago
Hmmm Makes you think!
Five Stars Man!!!
MadBadVoodo 3 years ago
talked with my US Conressional Rep this afternoon on this very point, he is in agreement that the bill fell short of benefitting the public interests
4ancientarts 3 years ago
"If the American people ever allow private banks
to control the issue of their money,
first by inflation and then by deflation,
the banks and corporations that will
grow up around them (around the banks),
will deprive the people of their property
until their children will wake up homeless
on the continent their fathers conquered."
Thomas Jefferson
FreakinFresno 3 years ago
Jefferson is the coolest politician ever to be on planet earth. Funny I had to learn about this guy on my own, no classes in school...hmmmmm
boots920 3 years ago
Two words, Corporate Fascism.
FreakinFresno 3 years ago
well, to think that any country is not fascist is a stretch, after all, who gives to the politicians, the point of this was to demonstrate how control is being further grasped by the federal enclave.
Lewismadmax 3 years ago
This is why Ron Paul nutjobs are so pissed off! We are supposed to have a republic, we don't. We are supposed to have Constitutional rights, we don't. The illusion of democrcy continues. God help our children.
FreakinFresno 3 years ago
America can be seen as fascist since it taxes everything. Otherwise, it'd be communist, which taxes NOTHING but owns EVERYTHING.
Beyond that fine point, is America really fascist? Could be, might not. I don't know.
redcollargedeon 3 years ago
we have never been a democracy, as a matter of fact, our founding fathers warned against democracy, we are a republic, but as you know of late (40 years) we seem, all countries seem to be fascist). Get ready, the ball will drop, it is dropping.
Lewismadmax 3 years ago