Ten Reasons NOT to Bail Out Wall Street

1) Crime that pays, is crime that stays.

There is reason to believe that Wall Street and those they represent are holding loans without collateral, multiple loans secured by the same properties, and other fraudulent instruments among the “troubled assets.” Based on the secret “Treasury Conference Call” with 800 Wall Street insiders, we know the deal proposed to be passed by Congress isn’t the real deal promised to Wall Street.

(2) This smells like obstruction of justice.

Bail-out without due diligence of so called “troubled assets” is a perfect way to hide documentation of financial crimes. It is also a perfect means to launder both the past ill-gotten gains and new federal money spent recklessly and without necessary safeguards and oversight mechanisms. Be very suspicious when they tell you “we just can’t tell what’s in these troubled assets.” We can assure you the federal government has field offices all across the country that deal with significant amounts of real estate and mortgage assets. If Treasury refuses for more than a decade to comply with the laws, with approximately $4 trillion missing (and counting), it is not competent to manage $700 billion of taxpayer money while its arm is twisted by Wall Street.

(3) Wall Street owes the federal government money.

We need to get stolen money back from the banks that served as depositories for the US government (including trillions for which the Pentagon and HUD could not account) and punish them, not create another opportunity for them to game the system and engage in criminal enterprises to rob consumers. To the extent there has been regulatory wrong-doing, let’s not let the miscreants leave town with the evidence.

(4) Good guys are shut out.

A bail-out provides no way for honest leaders to come to the fore and use their creativity and expertise to restore balance and integrity to the system or for unproductive and poorly-managed banks that contribute to current over-capacity to die a dignified death.

(5) More investment in the “bubble economy.”

Spending massive amounts on non-productive uses (“buying” worthless credit default swaps, mortgages with no collateral, other derivatives, that could even include the derivatives used to manipulate the precious metals markets ) as opposed to productive uses (repairing infrastructure, creating alternative energy systems, supporting inventing and production of “green” products) is inflationary.
This bail-out will drive prices of food, water and energy up for the people who can least afford it.

(6) Does not result in capital circulating in healthy ways.

The bail-out of Wall Street and too-big-to-fail banks and insurance companies that are getting bigger by the minute by swallowing up other failing financial institutions (and creating more institutions that are “too big to fail”) does not result in trickle-down to those whose money was stolen in recent swindles (S&L, dot.com, current housing crisis), i.e., the taxpayers/middle class and working poor.

(7) Arrangements that result in more corruption.

Centralized “fixes” are sure to result in black holes, no-bid contracts and other scandals.

(8) Drains the real economy, rather than invests in the real economy.

The US economy can’t be productive or grow if consumers don’t have jobs and can’t afford to purchase goods and services. Real stimulation of Main Street is accomplished through investment in productive investment, not bail-outs that shift money to unproductive sectors. We should use all of our precious resources to reinvest in our people in the real economy.

(9) It props up sectors which need to downsize and consolidate.

There is significant overcapacity in the financial and banking sectors. Brainpower and talent needs to stop blowing financial bubbles and shift to economic activities that create real value.

(10) It is a temporary “fix” to keep Wall Street afloat until after the election.

These resources are better invested in permanent, long-term solutions. This bail-out will not fix anything. Rather, it will help the perpetrators get away and ensure that the ultimate day of reckoning is worse.
The Administration wants to drain the real economy to bail out Wall Street. Seems to us that the more appropriate plan would be to require Wall Street to return $4 trillion plus that is missing and use that to rebuild the real economy.

We think the time has come to reverse the flow. Go to any business school in the country. That is what they teach. Money should move out of unproductive sectors into productive sectors. The bail-out does just the opposite.

“Just say NO!”

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A True Alternative to McBama: Mahmoud Ahmadinejad

A true alternative in 2008!

The dignity, integrity and rights of the American and European people are being played with by a small but deceitful number of people called Zionists. Although they are a miniscule minority, they have been dominating an important portion of the financial and monetary centers as well as the political decision-making centers of some European countries and the US in a deceitful, complex and furtive manner. It is deeply disastrous to witness that some presidential or premiere nominees in some big countries have to visit these people, take part in their gatherings, swear their allegiance and commitment to their interests in order to attain financial or media support.

This means that the great people of America and various nations of Europe need to obey the demands and wishes of a small number of acquisitive and invasive people. These nations are spending their dignity and resources on the crimes and occupations and the threats of the Zionist network against their will.

Mahmoud Ahmadinejad 9/24/08

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Congress Under Threat of Marshall Law to Pass Bail Out Bill

Did I hear right? Did I hear that Congress is under threat of Marshall Law to pass the bail out bill? See if you hear it here.

Another Bush Legacy: The Make Believe Peace Process

President Bush foreign policy legacy in the Middle East is not limited to the human tragedy that he inflicted on Iraq and the region or the destruction of Lebanon and the massacres of civilians including children that was described by his Secretary of State Condoleezza Rice as the "birth pangs" of a new Middle East. Bush will leave a lasting legacy in Palestine too.

Bush created the make believe “peace process” while doing everything to prevent the peace. Bush aborted the Palestinian democracy experiment, the first in the Arab Middle East, by refusing to deal with the elected government. He supported murdering Palestinian civilians and abduction of their lawmakers by the Israelis and he refused to condemn Israel’s expansion policy and dividing the occupied land into ghettos. The US has spearheaded the movement to de-legitimize the only democratically elected government in the Arab World while at the same time declaring that the lack of democracy is the core problem in the Middle East.

President Bush appointed himself as the judge and arbiter of both sides in a “peace process” negotiations but he never was an honest broker. He allowed Israel to set the agenda and supported its actions. Bush so called “peace process” is an endless game of smoke-and-mirror designed in Washington and Tel Aviv and intended only to sustain the status quo in the occupied lands. Bush resisted taking an active role in the Palestinian-Israeli conflict peacemaking for seven years, then in the last year of his administration he claimed there was a role for him to play by calling the photo-op meeting in Annapolis to establish a two-state solution within a year. But Bush had already played a role, albeit as a spoiler rather than a constructive role, when he defined the two-state solution in a letter he wrote to Prime Minister Ariel Sharon in April 2004.

Bush pledged to support Israel’s refusal to recognize the Palestinian refugees’ right of return to their homes in Israel proper and its insistence on annexing Jewish settlements in the West Bank to Israel. Yossi Alpher, a former advisor to Ehud Barak described the Annapolis meeting as a stage for delivering ritual speeches and celebrations for launching a process where the negotiators have no power or credibility. He suggested that Olmert cannot remove even one illegal outpost in the West Bank and Abbas is incapable of expanding security beyond Ramallah and can’t do anything with Gaza.

Halting settlement activities was the only thing Israel agreed to in Annapolis; but Israel continued expanding the settlements and land confiscation and the US that guarantees to oversee the negotiations did not act while enforcing the economic blockade against the Palestinian people in Gaza. Bush supported the tight Israeli siege on the Palestinian people in Gaza that denied them any contact with the outside world and his representative in the UN repeatedly vetoed every resolution unfavorable to Israel. The sanctions tightened restrictions on people and commerce movement, reduced supplies of gas and electricity, isolated the Strip from the outside world, crippled its economy and starved its people.

The Irish investigative journalist, Donald Macintyre called the sanctions “war crime of the highest order, rampant murder of the weak by the strong. Any country that does not condemn in the strongest possible terms what is happening in Gaza and does not take steps to end it is as guilty as the Israeli leadership”. The Financial Times quoted Washington Secretary of State Condoleezza Rice on September 19, 2007 that the US backed the sanctions applied by Israel against the Palestinians in Gaza.

Condoleezza Rice also said she would continue to work toward achieving an Israeli-Palestinian accord to be achieved by the end of the 2008 year. But the condition set by Rice for Abbas to maintain contact with the US and Israel is to keep his distance from Hamas. The US Secretary of State and Prime Minister Olmert told Abbas, in no uncertain terms, that if he spoke with Hamas he could forget about US economic and political support and he would lose the privilege of speaking with Israel. But any peace agreement has no chance of success unless Hamas agrees to it. Mahmoud Abbas who has no control over Gaza and its 1.4 million Palestinians will not deliver on any agreement as long as Hamas is isolated.

While Israel continues to create facts on the ground in the West Bank and Jerusalem and tighten its grip on the occupied land, it has sustained the illusion that there is a peace process only to keep the Palestinians divided. The Israeli and US players involved in the peace process have never been for a just peace.

Ehud Olmert as the mayor of Jerusalem bragged that he had been “the first who wanted to enforce Israeli sovereignty on the entire city”. Olmert is known among the Palestinians more for deceitfulness. He brought a large number of Orthodox Jews into the Old City and decided to reopen a tunnel beneath al-Haram al-Sharif, the noble sanctuary where al-Aqsa mosque has stood for thirteen hundred years. He consolidated the annexation of East Jerusalem by building a ring of settlements around the city. Mayor Ehud Olmert made the fight against what Israel calls “illegal Arab construction” his major task. According to Ha’aretz on June 2, 1998, Olmert said: “the illegal construction is a cancer that now threatens Israel’s sovereignty over Jerusalem”.

In his last weeks as a care taker until a new government is formed and when he was dealing with his legal problems and had no credibility or power, Ehud Olmert expressed optimism in reaching “a solid understanding and accords” with the Palestinians and the Syrians. He said “As long as I remain in office, I will not give up attempts to negotiate with the Palestinians and Syrians”. Itamar Rabinovitch, a former Israeli ambassador to the US described Olmert’s pledge as just talk. Rabinovich said what everybody knows: “the negotiations with the Palestinians and the Syrians were going nowhere”.

Palestinian Ahmad Qureia and Israeli Foreign Minister Tzipi Livni who is on record as being against “moving too quickly” in the negotiations have been meeting regularly since talks were formally launched at the Annapolis US conference in November 2007. Livni who is too busy trying to secure a coalition government continues to hold meetings with Qureia just to make sure the make believe show goes on. The real negotiations she is conducting is with the ultra-Orthodox Jewish Shas Party which opposes any compromise on Jerusalem, an essential element of any future peace deal, thus making a peace agreement with the Palestinians less likely, even impossible.

Livni told Condoleezza Rice in November 2007 that Israel’s security is more important than the establishment of a Palestinian state. She has been warning that no peace deal on a Palestinian state is possible unless the Palestinian Authority (PA) controls Gaza and ends the firing of the rockets onto Jewish settlements. She expects Abbas and his Fatah faction to conquer Gaza rather than to make peace with Hamas. Livni is against the return of even one Palestinian refugee to Israel. She is on record promoting ethnically cleansing the Arab Israelis citizens. She recently told a press conference that the future of Israeli Arabs, who constitute twenty percent of Israel’s population, is in a future Palestinian state, not in Israel itself.

The PA leaders must have realized that if the Bush administration will not pressure Israel to freeze settlement or even dismantle unpopulated trailer outposts in the West Bank it will never pressure Israel to end the occupation; but the PA plays in the hands of the American-Israeli policy makers by engaging in talks that are doomed to fail. The Palestinians choose to talk because the influx of money pledged by the donor countries and controlled by the US hinges on engaging in these negotiations. Talks with the Israelis have reached a dead end but boycotting them and establishing a Palestinian national unity with Hamas will lead to reinstitution of US sanctions on the PA. The Palestinian national cause has been hijacked by the US.

The PA is wasting precious time in the endless negotiations that have given Israel time to create facts on the ground in the occupied lands, brought despair and division among the Palestinians and rendered the establishment of a viable Palestinian state impossible. It is time the PA leaders should do what honorable leaders with principles and courage do when they fail to deliver on their promises. They should turn to their long suffering people and acknowledge their failure to achieve peace; they could not halt settlement expansion, incursions by the Israeli military, settlers’ attacks on Palestinian farmers and they could not remove Israeli checkpoints. The PA leaders should step aside and make room for new blood and new approach for dealing with Israel. But I am certain the PA chief Mahmoud Abbas will follow the tradition of the Arab despotic leaders who cling to power even after conceding their people’s aspirations. I hope I am wrong!

source article

LaRouche: Americans are ready to kill.

Americans aren't ready to kill. They're sleeping through it all.

Is the Bail Out a Rothschild Trick?

THERE IS NO SUCH THING AS MONEY that does not cost anything. Many are claiming that this is the cause of the current financial crisis. But this is just a cover for the real problem, or rather, a cover for the real culprits behind the crisis.

Money does cost something especially when it is created out of thin air by the Zionist Jews who own & run the Federal Reserve Bank. A simple book-entry is all that is needed when the Fed provides George Bush with an interest-bearing loan to pay for his wars. But it costs the tax payers’ hard earned dollars to pay off the debt PLUS the interest on the Fed’s created money.

The Rothschilds, who are Zionist Jews, are the principal owners of the Federal Reserve Bank. The Rothschild trick is that there is no real money in the system, no goods that they provide, only debts with compounded interest - chargeable to the ‘dumb goyim’ US taxpayers.

Read more here.

Should the US Bail Out Jewish Bankers?

Millions of Americans are up in arms over the “bailout,” decrying it as an illegal power grab by Jewish bankers and their puppets in the Bush administration. Hank Paulson, the Secretary of the US Treasury, is himself the former Chairman of the Jewish bank, Goldman Sachs, one of the banks asking for a free lunch from the “dumb goyim” US taxpayers.

But would a Jewish banker ever buy a free lunch for a down-and-out “goy?” Never. Go ahead, just ask a Jewish banker to help you get out of debt — and if you are willing to give him your house and car and all of your assets — he may lend you a few thousand bucks and at 23.89% interest at that.

Read the source article for a list of wealthy Jewish bankers looking for a free lunch from US taxpayers.

McCain: I always aspire to be a dictator.

That's 'dictator.' Allegedly, it was meant to be a joke.

Senator, please suspend your campaign before the VP debate!!!

Real Purpose of the Bail Out Revealed.

The Next Fake Terrorist Attack: A Prediction

Federal Reserve Makes Billions Available to Battle Crisis

WASHINGTON - The Federal Reserve and foreign central banks agreed to pump billions of dollars into the global financial system Monday to unlock tight lending that threatens to unhinge the U.S. economy.

The Fed said the action is intended to "expand significantly" the cash available to financial institutions in an effort to relieve to the worst credit crisis since the Great Depression. In taking the action, the Fed cited "continued strains" in the demand for short-term funding.

Central banks will continue to work closely and are prepared to take "appropriate steps as needed" to ease the crisis and get banks lending again, the Fed said.On

Wall Street stocks dropped sharply even after the Fed's announcement. At one point in the afternoon, the Dow Jones industrials plunged more than 700 points after the House voted down a massive financial rescue package.

Under one new step, the Fed will boost the amount of 84-day cash loans available to U.S. banks. The Fed is increasing the amount to $75 billion, up from the current $25 billion starting on Oct. 6. Banks bid on a slice of the loans at an auction.

That move will triple the supply of 84-day loans to $225 billion, from $75 billion, the Fed said.

Meanwhile, the Fed will continue to make $75 billion worth of shorter, 28-day loans available to banks. All told, the total amount of cash loans — 84-day and 28-day — available to banks will double to $300 billion from $150 billion, the Fed said.

Moreover, the Fed made an extra $330 billion available to other central banks. That boosted to $620 billion the total amount available to the central bank through currency "swap" arrangements, where dollars are traded for their currencies. That total is up from $290 billion previously being made available through such arrangements.

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Swiss National Bank and the central banks of Denmark, Norway, Australia and Sweden are involved in those swap arrangements.

"We are experiencing a massive credit implosion," said T.J. Marta, a fixed-income strategist at RBC Capital Markets.

The move comes as the U.S. financial meltdown's tendrils have ensnared banks in Britain, the Benelux and Germany.By pledging to provide "a very large" cash infusion, the Fed hopes the actions will "reassure financial market participants."

The Fed action came hours before the House defeated a $700 billion financial bailout plan, ignoring urgent pleas by President George W. Bush and Bernanke to move swiftly.

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P.S. We're being swindled, folks.

Kucinich: Is this Congress for Goldman Sachs?

Denver Police Get T-shirts that Mock DNC Protestors

Denver's police union is facing criticism for printing a commemorative T-shirt that makes light of the use of violence by police, particularly in the wake of 154 arrests during the week of Democratic National Convention this past August.

"We get up early, to beat the crowds," the shirt reads, followed by "2008 DNC." The words flank a grinning police officer holding a baton and wearing a hat with a crossed-out number "68," presumably making reference to activist organization Recreate 68, which staged several anti-war demonstrations during the convention.

"The people of Denver were assured by the city that it would respect First Amendment rights during the DNC, and that that police officers were being trained to do so. The actions of police during the DNC, which involved numerous violations of people's right to freedom of speech and assembly, put the lie to those promises," said Recreate 68's Glenn Spagnuolo. "And now this appalling, tasteless t-shirt shows why. The members of Denver's police union clearly have no respect for the rights guaranteed by the United States Constitution. The Denver Police Department Operations Manual includes a Law Enforcement Code of Ethics, which begins, 'As a Law Enforcement Officer, my fundamental duty is to serve mankind, to safeguard lives and property, to protect the innocent against deception, the weak against oppression or intimidation, and the peaceful against violence or disorder; and to respect the Constitutional rights of all men to liberty, equality and justice.' The creation of this t-shirt makes a mockery of that statement."

Detective Nick Rogers of the Police Protective Association said that the union predicts sales of about 2,000 shirts in addition to the ones given free to Denver police officers, and also told KMGH that he hadn't received any complaints about the shirt.

A picture of the design, courtesy of KMGH, can be viewed at this link.

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Is this thing actually going to happen? Why?

WHY are US troops being re-assigned from a warzone in IRAQ to NORTHCOM in US to be stationed on the CITY Streets FOR THE FIRST TIME IN HISTORY? (video) & (article)

Can Bush suspend an election? (answer)

WHY is the bailout solution print more money out of thin air... the very thing that put us in this situation? (video) & (video)

WHY did congress this weekend declare MARTIAL LAW? (video)

WHY do fema camps exist all over the country with tens of thousands of plastic biodegradable human size coffins in said camps? Which appear to have large tanks for storing gasses and some with furnaces installed? Other than because mass graves cause disease...where will all the bodies come from? (video) & (video)

WHY is the russian navy stationed in between the US and Chavez (Venezeula)? (text)

WHY are foreign troops being trained ON US SOIL when that is explicitly forbidden? (video) & (video)

How many Americans do you think will die from "taking it to the streets"? After all most Americans are amped up on something... if it isn't Pharmacetucals it is energy drinks and coffee. Road rage is always one decision away with our hyper sensitive and irrational society.(video) & (video) & (video)

What does SURVIVAL OF THE FITTEST mean to you now?WHY ARE AMERICANS COMPLACENT AND ENTRANCED BY THE BOOB TUBE WHEN THEIR WORLD IS LITERALLY BEING HIJACKED BY INTERNATIONAL CORPORATIONS AND BANKS?

PALIN nor OBAMA will EVER see the white house... WAKE UP!!!.

EVERYONE IS ABOUT TO BE TESTED.

Some people think the agenda is for us to destroy ourselves from within so we are dependent on them and their irrational ways... Be kind to your brothers and sisters.. we are all in this world together and this problem is global.

Don't buy into any fear campaigns and false hope.

BUY CANNED GOODS & WATER

REMAIN NON VIOLENT!

THINK!!... IT AIN'T ILLEGAL YET!!!