Thread: this isn't a bailout, it's a panic!

Hey People - have you been following the latest shennanigans with this "bailout"?

I finally figured this thing out - it's not a "bailout" at all! It's a PANIC, is what it is!!!

Look here - here's the landscape: we got, one of the richest guys in America filing a lawsuit against the fed to DISCLOSE the terms of the "bailout", and the fed refuses to do so.

We got a whole long LIST of banks (I posted it already) who've received taxpayer money from the guvmint, and then we find out they're buying Spanish construction companies with it! So, hm.... why would the guvmint be so interested in that kinda thing? Hm... but wait - read on -

So THEN, we have these car companies, two of which are saying they can't even last till the end of the YEAR without a "bailout" -

And THEN, we have all the local mayors and governors, assembling in various groups and individually to petition the federal government for..... BAILOUT MONEY!!! It's like, they don't get enough in State taxes, and a lot of states end up payin' most of it to the feds anyway, and suddenly the fed services have dried up, so the states have had to cover, and they DID, silly ol' trusting states.... (do you realize that Bushie STILL hasn't paid the governor of Texas for all that Katrina assistance?) -

So now, the carmakers are going DIRECTLY to the President, now that the Congress said "no way", only.....

WAIT!!!

The PRESIDENT HAS SUDDENLY ACQUIRED PURSE-STRINGS!!!

How the hell did that happen???

That's NOT SUPPOSED TO HAPPEN!!!

That is an UN-CONSTIUTIONAL SITUATION!!!

If the Congress (ie the People) say NO, the President's not supposed to have any magic access to back-door TAXPAYER money. That is NOT supposed to happen.

Think about this. This is absolutely, unequivocally, TAXATION WITHOUT REPRESENTATION. You got an executive with NO ACCOUNTABILITY TO THE PEOPLE!!! He can't be removed, and he can do whatever he wants and hide behind the cloak of "national security".

And now he's got control over our MONEY too!!!

So now - consider: what does this really mean?

Why is it so important to bail out the BANKS, instead of giving money to the local cities and states, and to the car companies which affect not only the suppliers but also the workers and the consumers (in other words, a LOT of people)?

Well, here's the deal: they're scared to death of PEOPLE DEFAULTING ON THEIR CREDIT CARDS!!! This is the "consumer credit" crunch we're talking about, right? It's starting NOW. Right now. The first wave is starting to hit the banks RIGHT NOW.

That's what the guvmint is so scared of.

If the people default, they get no more credit. And if they got no more credit, then two things happen:

a) they have to start paying back all their existing loans, and they can't do it, so that money vaporizes from the economy - and

b) they stop buying things, 'cause they have no more credit AND no more cash ('cause it's all going to paying their old bills)

So, suddenly, we have a situation in which the corps aren't selling products anymore, therefore they're laying people off, which means even MORE jobless and consumer credit defaults, and yadda yadda.

Sound familiar? It should.... we been here already, at LEAST once..... hm....

So the REAL question, is this: how are the BANKS going to play this?

Here's the picture I see: what it is, is the banks have INSERTED themselves, between the government and the People of the United States. So, while the government can set monetary policy, they can't tell the banks what to do with their money. On the other hand, the People, have been made to DEPEND ON CREDIT. That has been the situation ever since August 15, 1971.

Now, this morning, we have the ex-boss of the Nasdaq, being arrested for conning his investors with a PONZI SCHEME, right? That's where today's investors go to pay off yesterday's profits, and the whole thing keeps going ONLY as long as they're more fresh investors today than there were yesterday.

Sound familiar? It should... it's called the US economy!!! :laughing:

So, now, WHY is the fed refusing to release the information on where OUR money is ACTUALLY going???

Why?

They're in a PANIC, is what it is.

They are in GREAT FEAR, that something really bad is in the works and there's nothing they can do to stop it.

I'll just BET, that we got some hifalutin banker types, selling these government weasels a bill of goods.

People like that guy Kashkari. Cash-carry? Hm..... :dunno:

I'm familiar with economics. It's kinda like physics. If you really know it, you'll realize that it's a very LOOSE "science". What happens is, once you get down to the level of Heisenberg's veil of uncertainty, then suddenly things become "mysterious" - you have to start dealing with "stochastic generators" and random numbers and peoples' non-logical economic behavior and elementary particles that have this really ODD property, where even just LOOKIN' at 'em changes the way they behave.

I don't think anyone understands this, is what I think.

I think they're in a PANIC, 'cause they realize they have very little control over the banks. And, right now, that IS the way people spend money - most people I know who WORK for a living, are only one or two paychecks away from bankruptcy. If their W-2 income suddenly stopped, they'd be missing next months' rent.

Hm... a President with purse-strings: what's wrong with this picture?

I don't necessarily I agree with you. The Bush administration just has to get Paulson to ask for it and then he has to go to Congress and they have to approve any more of the tarp monies. I will wait and see what happens.
If it happens any other way than that then I totally agree.

Originally Posted by metheron

I don't necessarily I agree with you. The Bush administration just has to get Paulson to ask for it and then he has to go to Congress and they have to approve any more of the tarp monies. I will wait and see what happens.
If it happens any other way than that then I totally agree.

He he -

Okay, well, I have a question for you, then.

You know all that money Obama's been promising the mayors?

WHERE is that gonna come from?

I mean, look here - do you think Obama's just gonna get the a-okay from his democratic congress pals?

There's a PROBLEM with that, isn't there? The whole reason this bailout is happening, is 'cause the US of A is havin' TROUBLE getting any more credit!

Dude - the president of Julius Baer bank just committed SUICIDE! That's a BIG DEAL! That is a BIG f'in deal, if you check into this and look into what's behind it, you will end up "not smiling".

The whole problem here, is that the US can't just go to our European and Oriental allies anymore, and say "more money please". They're not gonna loan us anymore. The G-8 and G-20 just made that painfully clear. If we're gettin' more loans, we're in IMF and restructuring-land, and no one wants to go there.

See, they CAN'T pull much more non-existent money out of thin air. What you'll probably see, is the guvmint startin' to float "reconstruction bonds" or some such thing, they're going to HAVE TO go directly to the investor again, 'cause no one's gonna want to deal with those banker types for a while.

So, they'll probably get THIS ROUND of "bailout", is my guess, but that's IT - after that, there ain't nothin' left. And I mean, there isn't even enough to go around THIS time, so....

I mean, what I see here, is that this whole thing has left the ball in the BANKS' court, and that's not a good thing. They've given the BANKS the power over the economy, by making individual consumers dependent on credit, AND, by then turning over the means of relief, to the BANKS THEMSELVES!!!

See, I mean, that's like giving methadone to a heroin addict. Guess what he's gonna do? First thing, he's gonna SELL the methadone, so he can buy more heroin! Right? :laughing:

That's why, at all these methadone clinics, they make the addicts drink the stuff right on the spot, right under the eyes of the nurse. That way they KNOW they're takin' it.

What he have here, is a situation where we're giving the banks the methadone, and TRUSTING 'em to take it!

Originally Posted by metheron

I don't necessarily I agree with you. The Bush administration just has to get Paulson to ask for it and then he has to go to Congress and they have to approve any more of the tarp monies. I will wait and see what happens.
If it happens any other way than that then I totally agree.

It's one of those days...

Paulson told Bush, it's not the other way around. This is theft on a grand scale, make no mistake. The government knows that they can't collect taxes from a bunch of laid off SOB's, so their intention is to nationalize everything. Now they are using TARP for the auto industry, and you know what meth, the big three will sell out to the government. They will take their ill gotten booty and retire. You and me will pay for it, and when the banks decide to release money to the slaves, the government will make bank.

Originally Posted by nonsqtr

Hey People - have you been following the latest shennanigans with this "bailout"?

I finally figured this thing out - it's not a "bailout" at all! It's a PANIC, is what it is!!!

Look here - here's the landscape: we got, one of the richest guys in America filing a lawsuit against the fed to DISCLOSE the terms of the "bailout", and the fed refuses to do so.

We got a whole long LIST of banks (I posted it already) who've received taxpayer money from the guvmint, and then we find out they're buying Spanish construction companies with it! So, hm.... why would the guvmint be so interested in that kinda thing? Hm... but wait - read on -

So THEN, we have these car companies, two of which are saying they can't even last till the end of the YEAR without a "bailout" -

And THEN, we have all the local mayors and governors, assembling in various groups and individually to petition the federal government for..... BAILOUT MONEY!!! It's like, they don't get enough in State taxes, and a lot of states end up payin' most of it to the feds anyway, and suddenly the fed services have dried up, so the states have had to cover, and they DID, silly ol' trusting states.... (do you realize that Bushie STILL hasn't paid the governor of Texas for all that Katrina assistance?) -

So now, the carmakers are going DIRECTLY to the President, now that the Congress said "no way", only.....

WAIT!!!

The PRESIDENT HAS SUDDENLY ACQUIRED PURSE-STRINGS!!!

How the hell did that happen???

That's NOT SUPPOSED TO HAPPEN!!!

That is an UN-CONSTIUTIONAL SITUATION!!!

If the Congress (ie the People) say NO, the President's not supposed to have any magic access to back-door TAXPAYER money. That is NOT supposed to happen.

Think about this. This is absolutely, unequivocally, TAXATION WITHOUT REPRESENTATION. You got an executive with NO ACCOUNTABILITY TO THE PEOPLE!!! He can't be removed, and he can do whatever he wants and hide behind the cloak of "national security".

And now he's got control over our MONEY too!!!

So now - consider: what does this really mean?

Why is it so important to bail out the BANKS, instead of giving money to the local cities and states, and to the car companies which affect not only the suppliers but also the workers and the consumers (in other words, a LOT of people)?

Well, here's the deal: they're scared to death of PEOPLE DEFAULTING ON THEIR CREDIT CARDS!!! This is the "consumer credit" crunch we're talking about, right? It's starting NOW. Right now. The first wave is starting to hit the banks RIGHT NOW.

That's what the guvmint is so scared of.

If the people default, they get no more credit. And if they got no more credit, then two things happen:

a) they have to start paying back all their existing loans, and they can't do it, so that money vaporizes from the economy - and

b) they stop buying things, 'cause they have no more credit AND no more cash ('cause it's all going to paying their old bills)

So, suddenly, we have a situation in which the corps aren't selling products anymore, therefore they're laying people off, which means even MORE jobless and consumer credit defaults, and yadda yadda.

Sound familiar? It should.... we been here already, at LEAST once..... hm....

So the REAL question, is this: how are the BANKS going to play this?

Here's the picture I see: what it is, is the banks have INSERTED themselves, between the government and the People of the United States. So, while the government can set monetary policy, they can't tell the banks what to do with their money. On the other hand, the People, have been made to DEPEND ON CREDIT. That has been the situation ever since August 15, 1971.

Now, this morning, we have the ex-boss of the Nasdaq, being arrested for conning his investors with a PONZI SCHEME, right? That's where today's investors go to pay off yesterday's profits, and the whole thing keeps going ONLY as long as they're more fresh investors today than there were yesterday.

Sound familiar? It should... it's called the US economy!!! :laughing:

So, now, WHY is the fed refusing to release the information on where OUR money is ACTUALLY going???

Why?

They're in a PANIC, is what it is.

They are in GREAT FEAR, that something really bad is in the works and there's nothing they can do to stop it.

I'll just BET, that we got some hifalutin banker types, selling these government weasels a bill of goods.

People like that guy Kashkari. Cash-carry? Hm..... :dunno:

I'm familiar with economics. It's kinda like physics. If you really know it, you'll realize that it's a very LOOSE "science". What happens is, once you get down to the level of Heisenberg's veil of uncertainty, then suddenly things become "mysterious" - you have to start dealing with "stochastic generators" and random numbers and peoples' non-logical economic behavior and elementary particles that have this really ODD property, where even just LOOKIN' at 'em changes the way they behave.

I don't think anyone understands this, is what I think.

I think they're in a PANIC, 'cause they realize they have very little control over the banks. And, right now, that IS the way people spend money - most people I know who WORK for a living, are only one or two paychecks away from bankruptcy. If their W-2 income suddenly stopped, they'd be missing next months' rent.

Hm... a President with purse-strings: what's wrong with this picture?

I'm literally thinking road trip here, I wonder if freckles has room for one.

Originally Posted by michaelr

I'm literally thinking road trip here, I wonder if freckles has room for one.

Patience, my friend.

One must have the right tool for the job, and use it at the right time, and in the right context.

Protesting with a clever placard, will get you a photo on the internet, and maybe a little notoriety (in an abstract sense).....

There is no reason to be mystified by the big bad behemoth government. All it is, is PEOPLE. And People, always behave the same way, everywhere, and for all time. What we have in times of institutional confusion, is "centers of power". When institutions get desperate, the people on top put "hatchet men" into the middle layers who will get the job done by "any means necessary", and SOME of those people develop agendas of their own (once given all this wonderful power and no real accountability), and then when a new guy steps into that mess, he's either gotta grab control of all these guys, OR, he won't be able to steer the ship. That process, takes time. I've never seen it done in under, say, three months? In a big corp? And that would be FAST - usually it takes even longer than THAT, for a new power structure to ripple through the corporation.

Hm.... there is an old record, that may be worth a listen. It has a valuable "context". The group is called UK, the album is called "Danger Money".

Originally Posted by nonsqtr

Patience, my friend.

One must have the right tool for the job, and use it at the right time, and in the right context.

Protesting with a clever placard, will get you a photo on the internet, and maybe a little notoriety (in an abstract sense).....

There is no reason to be mystified by the big bad behemoth government. All it is, is PEOPLE. And People, always behave the same way, everywhere, and for all time. What we have in times of institutional confusion, is "centers of power". When institutions get desperate, the people on top put "hatchet men" into the middle layers who will get the job done by "any means necessary", and SOME of those people develop agendas of their own (once given all this wonderful power and no real accountability), and then when a new guy steps into that mess, he's either gotta grab control of all these guys, OR, he won't be able to steer the ship. That process, takes time. I've never seen it done in under, say, three months? In a big corp? And that would be FAST - usually it takes even longer than THAT, for a new power structure to ripple through the corporation.

Hm.... there is an old record, that may be worth a listen. It has a valuable "context". The group is called UK, the album is called "Danger Money".

Whilst I agree, I think still think somebody has to be a Paul Revere here. I mean god almighty, what are we to do, are we to allow 60% of next years GDP to be stolen?

Wanna hear(read) something, on another thread I had to alert someone that the bailout ain't a trillion...I feel like I am in zaza land.

http://www.viddler.com/explore/Felix1085/videos/1/

Originally Posted by anonnymous

YouTube - Cool Hand Luke "Failure To Communicate."

:laughing:wait it's not funny!!