Who is Putting Intense Pressure on Bush and Congress to Pass the Bailout?

[RobWin]

Who is Putting Intense Pressure on Bush and Congress to Pass the Bailout?

George Washingtons Blog
Sunday, Sept 28, 2008

An article in CNBC states, The U.S. Congress and the Bush administration were under intense pressure on Saturday to negotiate a $700 billion rescue.

Who is putting intense pressure on both the White House and Congress to pass the bailout?

Not the American people, who overwhelmingly oppose the bailout.

Not American economists, former treasury secretaries, chairmen of the FDIC, or the Congressional Budget Office,

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So who is putting the intense pressure on our government?

Maybe its just Americas financial elite.

But consider that many financial analysts say that the real reason that the government bailed out Freddie and Fannie is because

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. And there were rumors last week that

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. The U.S. owes trillions of dollars to China which, along with Japan, Saudi Arabia, and other creditor nations, is keeping America afloat. If they pulled the plug, the U.S. would instantly default on its obligations.

They say that economics and finance are now global. Perhaps corruption, blackmail and tyranny are also.

 

[LaurieJim]

Who is Putting “Intense Pressure” on Bush and Congress to Pass the Bailout?

George Washington’s Blog
Sunday, Sept 28, 2008

An article in CNBC states, “The U.S. Congress and the Bush administration were under intense pressure on Saturday to negotiate a $700 billion rescue”.

Who is putting intense pressure on both the White House and Congress to pass the bailout?

Not the American people, who overwhelmingly oppose the bailout.

Not American economists, former treasury secretaries, chairmen of the FDIC, or the Congressional Budget Office,

You do not have permission to view link Log in or register now.

So who is putting the intense pressure on our government?

Maybe its just America’s financial elite.

But consider that many financial analysts say that the real reason that the government bailed out Freddie and Fannie is because

You do not have permission to view link Log in or register now.

. And there were rumors last week that

You do not have permission to view link Log in or register now.

. The U.S. owes trillions of dollars to China which, along with Japan, Saudi Arabia, and other creditor nations, is keeping America afloat. If they pulled the plug, the U.S. would instantly default on its obligations.

They say that economics and finance are now global. Perhaps corruption, blackmail and tyranny are also.

what about all these countries that owe us money? why arnt we leaning on them to pay it back and what the frick are we borrowing money from a communist country for in the first place, how much money do we owe each one of them? so your saying we have been surviving off the handouts from the likes of china and saudi arabia, countries that would love to see us crumble as a nation, just floors my mind, just freaking blows it, maybe i just dont understand how we came to be in this shape, cant be all republican related or democrat, whos to blame........U.S. i guess?....................

 

[RobWin]

Ron Paul Warned Us of This !!

This housing bill is totally separate from the current bailout bill being discussed now...This bill was passed back on July 23, 08...anyone remember hearing anything much about this one in the mainstream media and also about the extra details associated with it as explained below by Dr. Paul ??


Ron Paul on the Housing Bill - “The Mother of All Bailouts”

Youtube
Thursday, July 24, 2008

Ron Paul talks about the bailout out of the housing industry and how it really just destroys the dollar and adds enormously to the debt.

Also, slipped into the bill, was the stipulation that ALL credit card transactions must now be reported to the IRS.

Details of today’s housing bill by Dr. Ron Paul:

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as Ron Paul explains the details of this Bill....

$2.5B line of credit to the Treasury (Fannie & Freddie – ‘F & F’) is now “open-ended”

UNLIMITED – Treasury now allowed to buy all ‘F & F’ housing securities

Congress no longer involved in appropriating funds (Treasury now does)



National Debt Ceiling Moved up $800 BILLION (buried in the bill)



Treasury Bills being exchanged for unwanted ‘F & F’ securities

This is the asset which “backs up our currency”

Value of these assets are depreciating

Treasuries have replaced gold and silver to back US Dollar


Solution breeds inflation

Places pressure on the US Dollar


Mortgage industry workers “will now have to be fingerprinted.”


All credit card transactions will now be reported to the IRS.


Looks like big brother and Facism are alive and well here in the good ole USA...

We better wake the hell up and quick or we are going to be living in a police state sooner than later folks !!

 

[RobWin]

Royal Bank of Scotland to get Billions from Bailout

Royal Bank of Scotland to get Billions from Bailout

September 28th, 2008 by MStebbins

Jolly right.

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:

THE ROYAL Bank of Scotland is to be one of the biggest beneficiaries of the planned $700 billion bail-out that comes courtesy of the American tax-payer if the US Congress gives the financial rescue package the go-ahead this weekend.

The banks share of the bail-out will enable RBS to offload billions of dollars of questionable assets.

As Ron Paul has said, with the US holding the reserve currency of the world, weve exported and magnified our economic blunders. It is mind-boggling to attempt to see the magnitude of this deck of cards. Seeing that we are trying to again export dollars as bandaids in this bailout, it is painful to think of the lengths to which our treasury may try to go to make us pay for it.

 

[GrandMaster]

And there were rumors last week that

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. The U.S. owes trillions of dollars to China which, along with Japan, Saudi Arabia, and other creditor nations, is keeping America afloat. If they pulled the plug, the U.S. would instantly default on its obligations.

If China stopped lending money, the Americans would not be able to buy Chinese goods and the Chinese economy would collapse. This would sort out the problem in no time.

what about all these countries that owe us money? why arnt we leaning on them to pay it back and what the frick are we borrowing money from a communist country for in the first place, how much money do we owe each one of them?

You can only borrow from people who have money to lend. Even if you did not borrow directly from the Chinese, it would be extremely difficult to stop them buying US government bonds on the open market.

Treasury Bills being exchanged for unwanted ‘F & F’ securities

This is the asset which “backs up our currency”

Value of these assets are depreciating

Treasuries have replaced gold and silver to back US Dollar

The value of the US (or other) currency lies in that you can buy goods for it that you need. Gold and silver are not essentials of life, and there have been periods when due to the discovery of new mines or improved technology, gold and silver suffered high inflation as well just as if the government had started printing money recklessly.

 

[RobWin]

If China stopped lending money, the Americans would not be able to buy Chinese goods and the Chinese economy would collapse. This would sort out the problem in no time.


You can only borrow from people who have money to lend. Even if you did not borrow directly from the Chinese, it would be extremely difficult to stop them buying US government bonds on the open market.


The value of the US (or other) currency lies in that you can buy goods for it that you need. Gold and silver are not essentials of life, and there have been periods when due to the discovery of new mines or improved technology, gold and silver suffered high inflation as well just as if the government had started printing money recklessly.

Even if the USA keeps buying goods from the Chinese, it doesn't matter because the American public will not be able to afford them with the continuing de-valuation of our dollar on the world markets, it has been in constant steady decline for at least the last seven to eight years now and it is currently at the point of hitting rock bottom, which will in fact cause a ripple effect around the world markets because of the heavily invested foreign governments and foreign investors we have here...

China's State Administration of Foreign Exchange [SAFE] is working out deals with European private-equity funds to diversify away from the dollar. SAFE holds the majority of China's $1.6 trillion in foreign currency reserves in U.S. dollars.

You'll be happy you own gold and silver once you read this

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[bryand]

Devaluation of the US dollar is not necessarily a bad thing. Although not the case now, the government routinely takes steps to devalue the dollar to reduce the trade deficit. US manufacturers struggle when the dollar is high against other currencies.

Rob, your initial question is a good one. Only history will tell where the pressure originated from. My confusion is why the president, his administration and the majority of congess say the bailout is absolutely necessary. They won't even consider the possibility that we should let the situation play out - no matter how painful in the short term.

 

[RobWin]

Devaluation of the US dollar is not necessarily a bad thing. Although not the case now, the government routinely takes steps to devalue the dollar to reduce the trade deficit. US manufacturers struggle when the dollar is high against other currencies.

Rob, your initial question is a good one. Only history will tell where the pressure originated from. My confusion is why the president, his administration and the majority of congess say the bailout is absolutely necessary. They won't even consider the possibility that we should let the situation play out - no matter how painful in the short term.

Your answer lies in a couple of the links that I included in my initial post...

 

[bryand]

Your answer lies in a couple of the links that I included in my initial post...

I don't usually sign on to conspiracy theories, although alpha's article is possible I guess. It's hard for me to believe that, if true, China's impact on the situation is not being more openly discussed given the number of people involved in the discussions. If details about the private White House meeting were leaked, it seems much larger issues would be as well.

 

[RobWin]

I don't usually sign on to conspiracy theories, although alpha's article is possible I guess. It's hard for me to believe that, if true, China's impact on the situation is not being more openly discussed given the number of people involved in the discussions. If details about the private White House meeting were leaked, it seems much larger issues would be as well.

Well between Reuters & Alpha's article and several others that I didn't include it definitely seems to run a lot deeper than just your average Saturday night conspiracy theories...you know the mass media outlets will never report rabbit holes like this to the American public though, the powers behind the scenes would never allow that...as I've said many times over our government is and has been corrupted for quite some time now...

Who was the one and only candidate on both sides to mention all the loan money we were getting from China and how much we were indebted to them in the primary debates ???

Answer: Dr. Ron Paul, he is the only one up on capitol hill who is actually willing to talk about and try and enlighten the American sheeple as to what is actually going on in the world and our government and our fiat money policies...

 

[bryand]

One of the biggest mysteries to me regarding politics and the media is why voices of reason seem to never gain traction. Glenn Beck of CNN tells it straight. Neil Boortz has a great idea in the 'fair tax'. A local radio host, Herman Cain, has some good, sensible ideas for the economy. And Ron Paul has great answers for many problems.

 

[RobWin]

what about all these countries that owe us money? why arnt we leaning on them to pay it back and what the frick are we borrowing money from a communist country for in the first place, how much money do we owe each one of them? so your saying we have been surviving off the handouts from the likes of china and saudi arabia, countries that would love to see us crumble as a nation, just floors my mind, just freaking blows it, maybe i just dont understand how we came to be in this shape, cant be all republican related or democrat, whos to blame........U.S. i guess?....................

The U.S. is currently paying out more to foreign lenders than it is receiving for the first time in at least 90 years, which has weighed on the dollar and forced Americans to work even harder...the U.S. obligation to foreign creditors as of June 2008, the gross U.S. external debt was over $13 trillion, the most external debt of all countries in the world !!

 

[RobWin]

One of the biggest mysteries to me regarding politics and the media is why voices of reason seem to never gain traction. Glenn Beck of CNN tells it straight. Neil Boortz has a great idea in the 'fair tax'. A local radio host, Herman Cain, has some good, sensible ideas for the economy. And Ron Paul has great answers for many problems.

Damn Bryan...LOL, I can't believe I'm saying this but I totally agree with you on everything you said there...

Oh yea, and don't forget Lou Dobbs...

 

[LaurieJim]

what i would do....or wouldnt!!!!!!!!!!!

The U.S. is currently paying out more to foreign lenders than it is receiving for the first time in at least 90 years, which has weighed on the dollar and forced Americans to work even harder...the U.S. obligation to foreign creditors as of June 2008, the gross U.S. external debt was over $13 trillion, the most external debt of all countries in the world !!

thats just frigging crazy, that we have gotten our country in this shape, youd think it would be the other way around, omg,so is there any country that owes us? what are we doing borrowing money from other countries and handing it out in foreign aid to third world countries to keep them stable, at the same time , we are sinking, this is what id do as someone with no real political knowledge, i cant even keep my own check book straight.(1)shut off all foregn aid, let these other countries come to the rescue, why is it always us and the brits that are always on the front line helping,(2)stop buying from china and japan or boycott all products,(3) drill for oil on our own soil and dry the arabs up, keep shell and the other major companys out of the new drill market (4) remove all illegals from the u.s, , make it harder to become a citizen, they have to earn that right (5) go back to the old american can do attitude, make our own vehicles,(more work for americans) grow our own crops(more work for the american farmer) buy everything and anything that we can that says made in the U.S.A. (6) if someone is elected to any office and doesnt do what thay say they are gonna do within a reasonable amount of time, impeach them ,from the president on down to the local mayor(7) quit giving out aid checks to those americans that can work, whether it be sitting at a desk taking phone calls for a cable company instead of getting a dude in india or mexico(more jobs for disabled americans) no more out sourcing of american jobs to foreign countries(8) our prison system is over loaded, we have the death penalty, either use it or do away with it, should be some program in place that makes the offender pay the victim or victims family(9)bring back into our school systen the right for principles and teachers to use judgement calls instead of worring about being shot in school while teaching, hold parents responsable for their children, you made them, you need to take care of them not the goverment or taxpayers. (10) arn't you glad im not in office

 

[RobWin]

Almost wish you were in office if you would do all of that !!

 

[LaurieJim]

Almost wish you were in office if you would do all of that !!

id do it and more,im just not good with the money part,but it looks like some politicians arnt to keen either about money. i might also get caught by the doj as being the only person in office with a 3 dice and inetbet icon on my pewter .......laurie

 

[bryand]

Damn Bryan...LOL, I can't believe I'm saying this but I totally agree with you on everything you said there...

Oh yea, and don't forget Lou Dobbs...

OMG! Lou Dobbs became a bitter, hateful man about the same time he lost all the money he invested in an Atlanta bank. His Neilson ratings are the lowest of everyone in his time slot. I keep expecting to see his head spin around and green stuff........

 

[RobWin]

OMG! Lou Dobbs became a bitter, hateful man about the same time he lost all the money he invested in an Atlanta bank. His Neilson ratings are the lowest of everyone in his time slot. I keep expecting to see his head spin around and green stuff........

But,, But...he will speak the truth and he don't care who he pisses off while doing it !!

 

[lots0]

Anyone remember Ross Perot and his charts in the presidential debates in 96?

Ross Perot predicted all this 12 years ago... and the neo-cons laughed at him...

 

[RobWin]

Anyone remember Ross Perot and his charts in the presidential debates in 96?

Ross Perot predicted all this 12 years ago... and the neo-cons laughed at him...

Looky here now...LOL, One of Ross's famous quotes...you are right lots0 and if I remember correctly I voted for him...he was the Ron Paul of the day back then and was laughed at just like Paul was earlier this year...I believe he would have made a great president,, that's the thing that really pisses me off so damn much is the fact that we have so damn many uneducated folks in this country as far as knowing what the hell is really going on behind the scenes and they will believe anything they hear on the mass media outlets without even attempting to do any research at all...

But with the Neo-Cons or should I say Neo-Nazi's controlling the media it's an uphill battle trying to convince folks otherwise...people are lazy, don't want to do any research on their own and are so easily made to believe the prophet of the moment I have thought about starting my own cult group several times...

 

[lots0]

...I have thought about starting my own cult group several times...

Me too....