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Hen81
Veteran Poster
Username: Hen81
Post Number: 145
Registered: 09-2007
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 26, 2008 - 12:38 am: | 
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For all of those with an interest, this is how George Bush set up America to be fleeced by big business and Wall Street. He lays it out point by point, but now those same people scratch their heads as to how we came to a $700 billion taxpayer bailout package.
http://www.youtube.com/watch?v=ecwdBb4gAVI
http://DTPollard.com |
Chrishayden
"Cyniquian" Level Poster
Username: Chrishayden
Post Number: 7448
Registered: 03-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 26, 2008 - 03:52 pm: |
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It's all a scam. It's a lie. He wants to get a last payout for his buddies before he leaves office.
They ought to call his bluff, but the Democrats are on board with this (they have been getting money from these same cronies). |
Disciple724
Veteran Poster
Username: Disciple724
Post Number: 129
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 26, 2008 - 04:30 pm: |
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Chris,
You are crazy. I don'ty know how much you have in bank; but you came a whiskers width of having some reall fancy toilet paper. And it would not have mattered if you withdraw it or not; this whole illusionary system is on the verge of collapse. |
Disciple724
Veteran Poster
Username: Disciple724
Post Number: 130
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 26, 2008 - 04:40 pm: |
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Henry,
I haven't gotten around to buying that book; been real busy politicking my crisis solution,
but i'll get around to it eventually. check this out and tell me what you think!
I'm still working on it, and a few Congresspersons have expressed approval, so we will see how it goes. Never know with politics!
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Chrishayden
"Cyniquian" Level Poster
Username: Chrishayden
Post Number: 7449
Registered: 03-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, September 27, 2008 - 10:22 am: |
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You are crazy. I don'ty know how much you have in bank; but you came a whiskers width of having some reall fancy toilet paper. And it would not have mattered if you withdraw it or not; this whole illusionary system is on the verge of collapse
(You are a cowardly poltroon. If the system were really on the verge of collapse there would be nothing that could be done. Bush, Paulson, andall the rich people would be headed for London, Sydney, Zurich or Abu Dabi.
They are counting on the spineless lemmings--like yourself--to collapse and give up the booty.
They punked you and your kind after 9/11, they punked you right before Iraq, and they are punking you again. |
Disciple724
Veteran Poster
Username: Disciple724
Post Number: 132
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, September 27, 2008 - 11:52 am: |
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(You are a cowardly poltroon. If the system were really on the verge of collapse there would be nothing that could be done. Bush, Paulson, andall the rich people would be headed for London, Sydney, Zurich or Abu Dabi.
Chris,
I apoligize for calling you crazy, i didn't mean it literally, I was just being expressive. Nevertheless, I can assure you, nad anyone that knows me can attest, there is nothing cowardly about me. Poltroon? Redundancy!
So I trying to understand your point. Since I first started posting these things, Several (13) 100 year old banking institutions with billions in capital have either failed, been taken over or been forced to merge in order to survive. The latest WaMu, had 18 billion in withdrawals in the last week. So you are telling me that this is one big conspiracy to punk us and i am being a coward for not ignoring it? Or they blow up the world trade to get me to panic and do what?
Okay, you seem like an intelligent fella and i'm willing to bite, what's you logic? |
Hen81
Veteran Poster
Username: Hen81
Post Number: 146
Registered: 09-2007
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, September 27, 2008 - 12:05 pm: |
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Let's not be fooled. Washington Mutual failed and J P Morgan bought all of the good stuff, but did not take on the bad stuff -bad loans-. WAMU had over 300 billion in assets. Guess who will pay for the bad stuff.
People are not paying close attention to what is happening. Getting a car loan, etc is going to get tougher even with a bailout. Interest rates will rise, prices rise and the dollar will lose value. The video I created showed how lower income, poor credit and minorities were set up to use their collective wealth through a desire to own their own home to explode the amount of mortgages taken out. These were bundled and sold. When the foreclosures started, the house of cards collapsed. America was watching American idol and Flavor of Love while being used in a giant pyramid scheme.
When you can rewrite the rules it's possible to increase your available market and dollars. Wall Street, real estate, politicians and builders all had a drunken money party. Now everyone pays again.
http://www.youtube.com/watch?v=ecwdBb4gAVI
http://DTPollard.com |
Disciple724
Veteran Poster
Username: Disciple724
Post Number: 134
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, September 27, 2008 - 12:15 pm: |
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Hen81,
JPM had to take the whole package which they did because a there were more valued assets there, and JPM is closly tied to the FED ( see history of the FED Reserve Origins). Your ponzi scheme points are well placed. But that scheme has been duplicated time and time again and this may be the grandddaddy of them all.
Still, I have devised away to deflate it though, but that has gone mostly ignored here since noone with out a degree could possibly be that smart! |
Hen81
Veteran Poster
Username: Hen81
Post Number: 147
Registered: 09-2007
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, September 27, 2008 - 12:45 pm: |
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Disciple724
Hen81,
JPM had to take the whole package which they did because a there were more valued assets there, and JPM is closly tied to the FED ( see history of the FED Reserve Origins). Your ponzi scheme points are well placed. But that scheme has been duplicated time and time again and this may be the grandddaddy of them all.
Still, I have devised away to deflate it though, but that has gone mostly ignored here since noone with out a degree could possibly be that smart!
Disciple724
This is what I meant by J P Morgan not buying everything of WAMU.
(Update) JP Morgan buys Washington Mutual bank business for $1.9bn
By Deborah Hyde | 08:52:13 | 26 September 2008
JP Morgan has agreed to buy Washington Mutual's banking operations for $1.9 billion, after the US banking giant was put under state protection amid fears that it would not find a buyer.
Excluded from the transaction are the senior unsecured debt, subordinated debt, and preferred stock of Washington Mutual's banks. JP Morgan Chase will not be acquiring any assets or liabilities of the banks' parent holding company (WM) or the holding company's non-bank subsidiaries. |
Disciple724
Veteran Poster
Username: Disciple724
Post Number: 135
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, September 27, 2008 - 02:19 pm: |
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Hen81,
I stand corrected, Thanks1 |
Cynique
"Cyniquian" Level Poster
Username: Cynique
Post Number: 12899
Registered: 01-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, September 27, 2008 - 02:37 pm: |
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High finance has always mystfied me. People were always advising me put my money to work for me.
All around me family and friends were joining investment clubs and turning their surplus funds over to brokers to create portfolios for them. "It's time for black folks to do what white folks do", they'd crow. Invest, diversify, buy low and sell high. Yeah, right. But, me, I could never see giving my money to somebody else to play with.
When I retired, I just settled for my federal pension and didn't set up an IRA on the side. Instead, I simply let what excess money I accumulated sit in a savings account and draw interest. My husband's life insurance benefit was awarded as a money market annuity which I left in tact. The place where I bank is an independent neighborhood institution that has been around for over 50 years and shows no signs of being directly affected by Wall Street's fiascos.
Maybe I should be worried like all those who turned their money over to brokers, but I feel like I'm better off for having gone with my gut. |
Disciple724
Veteran Poster
Username: Disciple724
Post Number: 136
Registered: 07-2008
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, September 27, 2008 - 09:27 pm: |
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Cynique,
I agree you should rarely if ever give your money to some to manage for you, investment clubs are good ideas though provided you have a good group. That's why I sell intelligence, and don't handle people's money directly. However everyone should learn about finance and educate themselves about capital if you are going to remain in this type of society.That said, if their aren't any heirs and you are sufficiently set there isn't any reason to get fancy.
My concerns are more politically pointed. This current fiasco is a result of average citizens not understanding and failing to demand that their representatives regulate certain abuses. Consequenty, every citizen is potentially at risk, as the entire currency base is threatened. |
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