By Fahim A. Knight

This writer has done a number of similar articles pertaining to the Bilderbergers, Council on Foreign Relations, Trilateral Commission, Club of Rome, the House of Rothschild, the Federal Reserve System, etc, and how these entitles secretly rule over humanity and is covertly involved in shaping the political, economic and social dynamics of all past and present societies.

This writer had an eight grade middle school teacher at Hudson Street School in Newark, New Jersey named Ms. Kornegay and part of her teaching method was redounded teaching. It appears she was teaching the same lesson plan over and over again. So one day, I mustered up enough nerve to question my teacher about this and she simply stated repetitive instruction is one of the best methods for students to retain and learn. This writer has been using this technique ever since.

This article was written as an analysis and evaluation of the recent corporate bailout, but all knowledge is relative and interrelated and there will be some similarities to a few recent articles that this writer has recently written such as "The Pawns in the Game" and "None Dare Call it Conspiracy" and of course, all this ties into the so-called bailout. Just remember what my middle school teacher said.

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In the heartland, anger that borders on rage

October 4, 2008 · 22 Comments

Letter from Michael Moore

The richest 400 Americans — that’s right, just four hundred people — own MORE than the bottom 150 million Americans combined. 400 rich Americans have got more stashed away than half the entire country! Their combined net worth is $1.6 trillion. During the eight years of the Bush Administration, their wealth has increased by nearly $700 billion — the same amount that they are now demanding we give to them for the “bailout.” Why don’t they just spend the money they made under Bush to bail themselves out? They’d still have nearly a trillion dollars left over to spread amongst themselves!

Michael Moore is right on target with his message below about what it would REALLY take to fix the economy. Unfortunately he’s missing the point.

The point of the bailout is not to rescue the U.S. economy. The point is to “make the economy scream” and take the whole world down with it, starting with us uppity Americans. The overarching objective of this takedown by the Overclass is to create a global underclass so desperate that it will beg for any slavery imposed upon it, all for the sake of a warm meal and a safe place to sleep.

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October 6, 2008

By PAUL CRAIG ROBERTS

America has become a pretty discouraging place.  Americans, for the most part, will never know what happened to them, because they no longer have a free and responsible press.  They have Big Brother’s press.  For example, on September 28, 2008, a New York Times editorial blamed the current financial crisis on “antiregulation disciples of the Reagan Revolution.”  

What utter nonsense.  Every example of deregulation that the New York Times editorial provides is located in the Clinton Administration and the George W. Bush administration.  I was a member of the Reagan administration.  We most certainly did not deregulate the financial system.

The repeal of the Glass-Steagall Act, which separated commercial from investment banking, was the achievement of the Democratic Clinton Administration. It happened in 1999, over a decade after Reagan left office.

By James Grant
Sunday, October 5, 2008; B07

Low interest rates, easy money and malleable accounting rules are what plunged Wall Street into crisis. Yet it is low interest rates, easy money and malleable accounting rules that top the list of federal fixes. The unifying theme of the new bailout bill, all 451 pages of it, is the hair of the dog that bit you.

The unblinkable fact is that Americans own too much house. We overpaid and overborrowed, and many of us are "upside down," as the car dealers say. What to do? Recognize the losses and write them off. What not to do? Inflate the currency and debase accounting standards.

But inflation and debasement are the very policies being put in place. The Federal Reserve, not waiting for Congress, embarked last month on a radical program of money-printing. Reserve Bank credit -- the raw material of bank lending -- is growing at the year-over-year rate of 61 percent.

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Bill allows for $700bn bailout EVERY year

Most of the people who oppose the bailout do so for ideological reasons. Conservative Republicans fear the advance of socialism in the form of government intervention. They picture themselves as saving the Republic from collectivist marauders out to destroy the free market. And that includes Henry Paulson the former head of Goldman Sachs who came to government from Wall Street and still embodies its values.

Democrats are divided too. Some say the voting for the bill while holding their noses. Others say they have to “do something” or else, and have no alternative plan. Still others see it as rewarding the people who created the crisis.

What the media often misses are the people who argue that the measure is unlikely to restore confidence or get credit flowing again.  These people are actually pragmatists and work in the financial industry. In large part because politics is polarized along partisan lines, their non-partisan assessments are not taken seriously.

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By: Devvy Kidd
October 6, 2008

© 2008 - NewsWithViews.com

It's almost difficult to describe in mere words what happened last week in Washington, DC. That Blitzkreig is today's definition of shock and awe. When the enemy hits you at a speed you may not have time to get ready for is exactly what the money masters planned when they dropped the bail out swindle into the laps of a body of individuals (Congress), with a few exceptions like Congressman Ron Paul, R-TX, who have virtually no understanding of the subject matter. In cases like sodomite, Barney Frank, D-MA., whose male sex partner was a senior exec at Fannie Mae, Frank should be investigated by the Department of Justice along with Sen. Christopher Dodd, D-CT.

Despite the overwhelming opposition of we the people across this land, Congress passed another nightmare. If you haven't seen the breakdown, it is here. Note the the part which gives the IRS immunity from federal laws, more power to snoop into your life and make your personal income tax information as exposed as a newborn baby. You will see this wasn't just a "rescue" to recapitalize banks, it is more massive pork ridden debt slapped on our backs.

Notice on page 298 of the bill, there are provisions for the film and motion picture industry. What does this have to do with bailing out banks? How about page 300 that provides exemption from excise taxes for wooden arrows made for children? Or, how about Section 504 regarding income from Exxon Valez settlements? Here's more on the swindle: GREEN ALERT: Hidden Carbon Tax Provisions in Paulson’s Bailout 2.0. "This appears to be an attempt by global warming fanatics to lay the foundation for an economy-killing carbon tax just like the “cap-and-tax” system that is now destroying European industry. If you think the Mother of All Bailouts is bad, just wait till you see the carbon tax. Get ready to reduce your standard of living drastically."

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Bailout bill loops in green tech, IRS snooping

Last week, the Bush administration proposed a three-page bill to bail out Wall Street to the tune of $700 billion. It died in the U.S. House of Representatives earlier this week.

Section 115 of the law says that the administration can, after notifying Congress and waiting 15 days, purchase and hold $700 billion of assets "at any one time." (It can buy and hold $350 billion without waiting.)

This, too, is a potential loophole. It permits the Treasury Department to buy up, say, $700 billion in 2008, sell those assets off gradually over the next year at a (probable) loss, and repeat the same process in 2009. Losses to taxpayers, in other words, could exceed $700 billion. Although the Treasury Department is instructed to try to avoid losses, the text of the law does not forbid that scenario.

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Thursday, October 2, 2008

LaRouche: No Bailout ! They Will Kill You !

http://www.youtube.com/watch?v=RI4mDXV0KeU


Added: October 02, 2008
From: LaRoucheisright

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What the Americans will do to those, who try to push a dictatorship down their throats.

Joe Bageant, via email (no link yet):

Any number of cultural historians have noted the American belief that success is a sign of God’s favor. And over the past couple of decades he has had a downright love fest with the already-rich. So much so that the richest 400 Americans now have more money stashed away that the combined bottom 150 million Americans. Some $1.6 trillion bucks.

This was accomplished by selling off or shipping out ever available asset, from jobs to seaports, smashing usury and anti-monopoly laws, raiding the public coffers and manipulating the medium of exchange and blackmailing the peasantry regarding common needs such as heath care and energy to keep their asses warm … to name a few. The ultimate coup was to convince the entire nation that the well being of the rich, meaning the well being of Wall Street, was indeed the common man’s well being.

All went well for a while. People went into credit card hock up to their noses in order to provide 26% credit card interest to Wall Street, etc. And when that became untenable, flimsy mortgages were cranked out by the millions ensuring that every American who could hold a cray on could sign to purchase a home. To facilitate this all sorts of shaky ‘mortgage instruments’ were created – balloon, (sign here Jeeter, you’re gonna flip it in a year and make a hundred K on this house trailer) interest only, and finally negative balance mortgages where you only paid part of the interest and the rest was rolled back into the principal balance. And joy of joys you could refinance a couple of times while the inflated value of these houses was on the way up. Life was good for everybody. The bill was never gonna come due because, god in his wisdom, had deemed that capitalism would defy the second law of thermodynamics and expand forever. So every time a bank made a mortgage loan of say, $400,000, even though the debtor had never even made a payment yet, the loan was declared a bank asset and another $400,000 was loaned against it. Meanwhile, the Federal Reserve Bank yelled whoopee and printed another $800,000 in currency. Of course at some point the country had to run out of customers, so the loans got easier and easier. No matter that debt is not wealth. Wink and call it that and most folks won’t even look up from their new big screen high resolution digital TVs.

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Thursday, 2 October 2008