Posted: Nov 6, 2009 1:18 am
in other words, obama is proof positive that democrat or republican, we are fucked. neither party is willing to work against the corporate interests that are both stealing from and enslaving us. the interest on our national debt is a billion dollars a day and we are sinking further into debt two billion dollars a day.
at least you could say bush was stupid, but obama is a constitutional fucking lawyer. he knows the constitution, and swore to uphold it and then went and did the exact opposite. he's only been in office a year, and thats long enough to turn his back on everything people voted him in to change. he's a liar and a fraud.
By the end of 2007, the banksters had created $596 trillion in over-the-counter derivatives - 12 times the value of the gross planetary product of Earth. Bailout is a nonsensical proposition.
do you understand how money is created? have you read about derivatives? the derivatives market is worth more on paper than the total financial assets of the entire world! how can it possibly do anything BUT fail???
Derivatives massively leverage the debt in an economy, making it ever more difficult for the underlying real economy to service its debt obligations, thereby curtailing real economic activity, which can cause a recession or even depression. In the view of Marriner S. Eccles, U.S. Federal Reserve Chairman from November, 1934 to February, 1948, too high a level of debt was one of the primary causes of the 1920s-30s Great Depression.
i always thought when you went to a bank and took out a loan, that that money actually existed and they were borrowing it to you. not so. that money is created out of thin air, based on your promise to repay it. not only do they materialize the money they lend you out of thin air, but in doing so, they are also able to lend 4 or 5 times that amount to other people, because your debt increases their imaginary reserves. then it goes on down the line through multiple banks until it is 400 times the amount of your original loan. it is literally spent into existence. theyve been doing this kind of shit for years, and its scary. (fractional reserve lending)
...central bank money is used to create commercial bank money from an initial deposit of $100 of central bank money. In the example, the initial deposit is lent out 10 times with a fractional-reserve rate of 20% to ultimately create $400 of commercial bank money. Each successive bank involved in this process creates new commercial bank money...
The process begins when an initial $100 deposit of central bank money is made into Bank A. Bank A takes 20 percent of it, or $20, and sets it aside as reserves, and then loans out the remaining 80 percent, or $80. At this point money supply actually totals $180, not $100; because the bank has loaned out $80 of the central bank money, kept $20 of central bank money in reserve (not part of the money supply), and substituted a newly created $100 IOU claim for the depositor that acts equivalently to and can be implicitly redeemed for central bank money...
At this point, Bank A now only has $20 of central bank money on its books. The loan recipient is holding $80 in central bank money, but he soon spends the $80. The receiver of that $80 then deposits it into Bank B. Bank B is now in the same situation as Bank A started with, except it has a deposit of $80 of central bank money instead of $100. Similar to Bank A, Bank B sets aside 20 percent of that $80, or $16, as reserves and lends out the remaining $64, increasing money supply by $64. As the process continues, more commercial bank money is created.
as you can plainly see, the commonly accepted "fractional reserve" banking practice is nothing less than a PYRAMID SCHEME! its unsustainable.
there are so many plainly fraudulent practices the banksters are using to fuck us. anyways, our dollars are about to be worthless, and it scares the shit outta people in other countries who are heavily into dollars. they are ALL looking for a way out without losing too much on what they already have invested.
we already created such an incredible mass of imaginary money that we will never be able to dig ourselves out. helicopter ben bernacke is printing more money than ever before, and every year it grows exponentially. yes, i said exponentially. that shit is scary if you know anything at all about math.
"The amount of money printed in the past few months since the October economic crisis, has been absolutely unprecedented in U.S. history. "Since September, the 'monetary base,' which is the measure of currency plus bank reserves, has doubled from about $850 billion to $1.7 trillion."
foreigners already own over 3 trillion in US assets, the banksters are not american and do not respect our sovereignty. they owe their allegiance to nobody, they are accountable to nobody, and they make the real decisions that guide our public policy, and they are unelected. money rules.
...the world is now more sophisticated and prepared to march towards a world-government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the National auto-determination practiced in past centuries." - David Rockefeller, in an address to the Trilateral Commission meeting, 1991.
"Permit me to issue and control the money of a nation and I care not who makes its laws." (Mayer Amschel Rothschild)
heres the real truth:
international banksters materialize money out of thin air. they lend it to you and me and joe entrepreneur all across america. we use it to buy property, or other things of real value. they know many of us will be unable to pay the loans off, and they foreclose, thereby converting imaginary money into real wealth, ie: assets and property.
the federal reserve is a private organization. we need to take back the printing presses and nationalize our currency before it is too late. hyperinflation WILL be a FACT during obamas term otherwise.
"Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of sovereignty of Parliament and of democracy is idle and futile . . . Once a nation parts with control of its credit, it matters not who makes the nation's laws . . . Usury once in control will wreck any nation." - William Lyon MacKenzie King, former Prime Minister of Canada (who also succeeded in nationalizing the Bank of Canada).