Somebody PLEASE Explain It To Me

Somebody PLEASE Explain It To Me
Posted 10/4/2008 8:27 AM EDT on democratandchronicle.com

Now that the $700 + BILLION Bailout bill has passed, can someone please explain it to me. The only thing I've heard all week in the controlled news (TV, newspapers, Time and Newsweek), is that if the bill does not pass , things will be much worse. The other mantras currently being regurgitated are " BAILOUT=Easy Loans" for Joe Schmoe average home owner and "We need to ease the credit market."
Says Who?, The politicians who don't understand (BECAUSE THEY DON'T READ) what they are voting on? or the rich corporate thieves who have already stolen your money once and will now benefit again? Why should we ease the money markets making loans easier to get? Isn't that what got us in trouble to begin with?

Someone please explain to me the correlation between the government adding another TRILLION DOLLARS onto our national debt and my ability to get an auto loan. Why would the money markets loosen their lending standards because we borrow another trillion that we can't pay back. I have always had to prove to the bank that I have the ability to pay back a loan as a PRECONDITION of obtaining that loan. How does the BAILOUT change that?

The government does not have the money for the bailout, they have to borrow it. What is the difference who owes the money?, neither the government nor these "failed" corporations have any intention of paying it back, primarily because neither has the ABILITY to pay it back. If you already owe $8 TRILLION, then you borrow another $ 1Trillion, are you better or worse off financialy than you were?

Why would these money markets be less likely to lend me money if there was no bailout?

The truth is that even the financial experts don't understand it nor can than they explain it. They didn't even attempt to explain it. There is no "formula" to explain the market because THEY MAKE IT UP AS THEY GO ALONG

Why Don't Americans Ever Ask The Right Questions?
Posted 9/30/2008 8:54 PM EDT on democratandchronicle.com

I was reading an article in the USA Today called "A Chance to improve the bailout", written by Joseph E. Stiglitz who is a professor at Columbia University. Mr. Stiglitz was awarded the Nobel prize in economics in 2001 and served as chairman of President Clinton's Council of Economic Advisers, so I am assuming his facts are correct.

Before giving his opinion on the bailout, Mr. Stiglitz states, "Meanwhile, our national debt, which has increased from $5.7 trillion to more than $9 trillion in the last seven years, and was set to increase by almost $1 trillion more in the next couple of years without the bailout, will go up even more." He also said, "When interest rates return to more normal levels, of say 5%, this means we'll be paying as interest on our national debt more than half a trillion dollars a year....much of this money is borrowed abroad, especially from China." "There are no two ways about it: Our living standards in the future will be lower than otherwise would have been."

Doesn't this alarm anyone besides myself? That is almost the entire cost of the bailout each and every year! Why don't Americans ever ask the right questions? Who are these people that we are paying half a trillion dollars a year to? How much have we paid them already? What other countries are forced to pay large amounts of interest due to similar circumstances? How much money do these people have and What do they plan to do with it?

The amount of money spent paying the interest on the national debt, makes the bailout problem seem miniscule in comparison. WHY DOESN'T ANYONE TALK ABOUT THAT?

Will the American Dollar Be the Next Casualty?

Will the American Dollar Be the Next Casualty?
Posted 9/23/2008 2:52 PM EDT on democratandchronicle.com

Time magazine recently featured an article about the current financial crisis in their September 29, 2008 issue. The article "The Price of Greed was written by Andy Serwer and Allen Sloan, the Managing Editor and Senior Editor of Fortune magazine.

This article confirmed what I said earlier on September 16th in my blog, Planned Economic Collapse, where I described how insiders confiscate the wealth of America by expanding then contracting the money supply, restricting the ability of business' to obtain loans, causing bankruptcies, default and confiscation of businesses.

The article clearly states that "AIG, like Lehman, was ultimately done in by credit rating agencies" who "At the beginning are far too lenient with borrowers", then, "the raters tighten up, maybe too much, then memory fades and the cycle repeats." That is exactly what I said happens. AIG's credit rating was downgraded, forcing them to post more collateral, $14 billion more overnight. Of course, they could not meet this unrealistic obligation, and their business was confiscated by the Federal Reserve who now owns 79.9% of it.

The Time article also stated, "A big reason the Fed and the Treasury felt compelled to bail out Fannie and Freddie was the fear that if they didn't, foreigners wouldn't continue funding our trade and budget deficits." That was quite the revealing statement. Foreign Central Banks are mentioned several times.

What happens when the foreigners (International Bankers) finally do lose confidence in the American Dollar and the ability of the American people to pay back an $11 TRILLION debt? It is only a matter of time. What if the American Dollar gets "downgraded" forcing the Government to put up more collateral which it doesn't have? What if the International Bankers tell us they want their money now, similar to what happened to AIG and Lehman Brothers? What if the International Bankers force the United States Government to merge it's currency with Canada and Mexico as a condition to continue to lend us money?

Our economies are already now intricately interwoven because of NAFTA and other fair trade agreements. Why not simplify and take it to the next step like they did in Europe? The Eurodollar replaced all the currencies of individual sovereign nations. When you are forced to use Amero-dollars, remember you heard it here first.

BAILOUT BLUES

What is all the fuss about "The Government" having to bail out the "Banksters" ? To me, it seemed like a pretty good deal. The Federal Reserve (not really the government) just bailed out AIG by giving them an 85 billion dollar loan. In exchange for this loan, the Federal Reserve received a 79.9% stake in the company. Did you get that? The Federal Reserve now owns 79.9% of AIG.

The stated purpose for the buyout (loan), was to give AIG adequate time to sell off it's assets. The Democrat and Chronicle stated that AIG's assets were approximately 1 trillion dollars. So when AIG is done selling it's assets, The Federal Reserves' share of the proceeds will be in the neighborhood of 800 billion dollars. (79.9% x 1trillion) Not a bad profit. 715 Billion dollar profit for the Federal Reserve on this transaction alone. If the Federal Reserve is not allowed to make a profit, this should be great news for the taxpayer. Call me a skeptic, but for some reason I do not envision the taxpayer making out on this deal.

This whole deal is reminiscent of THE IMF International Monetary Fund, which is also made up of International Bankers, taking control of third world countries by granting them loans. Take for instance when the IMF was going to lend Indonesia 20 billion dollars a few years ago to ward off bankruptcy. Indonesia's first response was an outright refusal to take the loan from the IMF. The stated reason for refusing the loan was that "accepting the loan would be tantamount to "GIVING UP THEIR NATIONAL SOVEREIGNTY." In the end they took the loan because they had no other choice.

International Bankers are in business to make money. The Federal Reserve System was designed by International Bankers and is owned by International Bankers. If you doubt this then you can wait by your mailbox for your share of the 715 Billion Dollar profit that the Federal Reserve stands to make from AIG.

The Federal Reserve IS NOT Owned or Controlled by The Federal Government

There seems to be quite an enormous misconception about who owns and controls the Federal Reserve. Most people mistakenly believe that the Federal Government owns and controls the Federal Reserve. With all the financial turmoil taking place, I urge you to spend a little more time investigating this question. After all it is your money they are stealing!
The following explanation should be relatively easy for the average person to understand. It will be much more difficult for the average person to accept because he must first admit that he has been deceived thus far. I urge you to take a couple of hours out of your busy schedule and thou roughly research this subject yourself.

Question: Who owns the Federal Reserve Banks?

Answer: The Federal Reserve Banks of each region are owned by (issue their stock exclusively to) the member banks of that same region. The member banks are privately owned corporations. Thus the Federal Reserve Banks are privately owned. This is a matter of law and anyone may read the Federal Reserve Act of 1913 for themselves (see below).

Question: Why then do some people deny that the Federal Reserve Banks are owned by private corporations?

Answer: Three groups of people deny this fact, for differing reasons:
The first group consists of the private owners of the Federal Reserve Banks, and their shills. It is obviously not in their interest that the American people realize that private bankers own what most people regard as a part of the public treasury and government. The people would doubtless not like it if they knew that the stockholders of the Federal Reserve Banks receive 6% interest (raised higher in the past) per year on their stock ownership, risk free. The people would be legitimately concerned to know that the member bank stockholders elect six of the nine members (i.e., 2/3rds) of the Boards of the reserve banks of their regions. Rather than regulating or controlling the activities of private banks in their regions, the opposite is the case.
The second group consists of those persons who, in their ignorance, have believed the propaganda of the Federal Reserve Banks, which sometimes issue ambiguous, doublespeak statements attempting to obfuscate their private bank ownership. Here is a typical example from the NY Fed website, quite easily seen through: “Although they are set up like private corporations and member banks hold their stock, the Federal Reserve Banks owe their existence to an act of Congress and have a mandate to serve the public. Therefore, they are not really "private" companies, but rather are "owned" by the citizens of the United States…Member banks do, however, receive a fixed 6 percent dividend annually on their stock and elect six of the nine members of the Reserve Bank's of their region… the Reserve Banks issue shares of stock to member banks.”
The third group consists of those people who consider that because the Chairman of the Federal Reserve Board of Governors is appointed by the President and approved by the Senate that the Fed is firmly under government control and that this is sufficiently equivalent to ownership to put them at ease (never mind the outright private bank control of the 12 regional Federal Reserve Banks). Let’s hear how the Fed itself regards such indirect “government control” (again from the NY Fed website): The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.

These questions and answers were taken in their entirety from The Money Masters

STILL DON"T BELIEVE IT? CHECK OUT this Federal Court decision about who owns the Federal Reserve

JOHN L. LEWIS, Plaintiff/Appellant, vs. UNITED STATES OF AMERICA, Defendant/Appellee.
No. 80-5905
UNITED STATES COURT OF APPEALS, NINTH CIRCUIT
680 F.2d 1239; 1982 U.S. App. LEXIS 20002
March 2, 1982, Submitted
April 19, 1982, Decided