Well, it’s happened. The banking cartels have proven that they are indeed a bunch of bookies.
It’s what Ron Paul and others have warned about.
The banking cartels have played their mob card. They have called in their markers. Pay up or all h*ll breaks loose in your country. Extortion, plain and simple.
And why not, they’ve had plenty of practice to get their tactics down on smaller countries for considerably smaller takes over the last approximately 20 years.
Of course, to date, this will be the biggest heist in the history of the world, I think.
I can’t believe this current regime is so h*llbent on doing this within a week! How ridiculous is that?! And should we even consider answering this extortion call?
Someone has to stand up to this type of extortion but I don’t think with the current regime, we’ll get any satisfaction on that score.
This has got to stop. It keeps working for the banking cartels so they will just keep doing it. They never have enough.
And the worst part is this seems like the turning point from corporatism to full blown fascism either way you slice it.
How does anyone expect this will end for the USA? I mean either way. IF we give in to the extortion or if we don’t. We are not talking about a single payoff of $700bn which is unbelievable in itself, but in addition the Freddie and Fannie bailout, and other financial institutions on top of that, plus the $700bn down payment!!! Not even counting the war, auto companies, etc, etc. At this rate, there will be nothing either way in the long run. And the poor will only get poorer regardless of the the choices made by rich people who are only trying to save their hindquarters.
Ron Paul probably said it best in his article at lewrockwell.com called, The Creation of the Second Great Depression,
The claim that the market caused all this is so staggeringly foolish that only politicians and the media could pretend to believe it. But that has become the conventional wisdom, with the desired result that those responsible for the credit bubble and its predictable consequences – predictable, that is, to those who understand sound, Austrian economics – are being let off the hook. The Federal Reserve System is actually positioning itself as the savior, rather than the culprit, in this mess!
* The Treasury Secretary is authorized to purchase up to $700 billion in mortgage-related assets at any one time. That means $700 billion is only the very beginning of what will hit us.
* Financial institutions are “designated as financial agents of the Government.” This is the New Deal to end all New Deals.
* Then there’s this: “Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.” Translation: the Secretary can buy up whatever junk debt he wants to, burden the American people with it, and be subject to no one in the process.
There goes your country.
This is a darkest day for freedom and liberty for the American people and The Constitution.
I am sure those who saw and warned for years about this coming are not gloating. They are likely as sickened by it as I am. If the founding fathers weren’t spinning in their graves before, they are now. And it wasn’t as if they didn’t try to warn the future about this:
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” –Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802)
But, if the current regime thinks that The Constitution is just a piece of paper, why would they listen to wisdom of those who signed it…