The USA sell out of it Citizens - IMHO

[igirocks]

All,

As I write this observation I feel sadness and remorse for our Citizens and leaders of this country. What I am about to suggest will be considered hypothetical at best or worse case a complete sell out of America by it's leader's with help of an unsuspecting but greedy public... I pray we can have an honest exchange of ideas and perhaps bring about change in our current situation but, at this time I see massive storms for our populace and country.

The Banking losses and the FED's attempt to fix the so-called hemorrhage is ALL FABRICATED.... and is designed to pull the wool over our eyes as to their true intentions (Government / Private sector collusion against the American public)

Allow me to to put the pieces together in brief talking points:

1 - The first term of GWB he reformatted the US Bankruptcy laws so that no one escapes without having to pay something back.

2 - On the heels of point #1 the US Supreme Court decides that private property is not ours but belongs to the government (at will) w/o consent. Pres. Bush does nothing expect to say "this is sad"

3 - After the reformed Bankruptcy laws the banks opened their coffers at unprecedented levels, especially to very high risk borrowers (this goes against capitalism, you do not make loans unless their is a high degree of certainty of repayment)

All of these incidences worked together and in tandem in a very methodical and timely manner so as to produce the financial mess we are in but, do not be overly concerned the government wants to take care of us citizens!

I voted for prez Bush on both occasions and even submitted $$ to his fight with the Al Gore over the contested election. Suffice to say I am a CONSERVATIVE who's over 40 and not really a Liberal.

The idea fomented by the Gov't and the private sector is rather quite simple in order to create a tangible participating Global government: The private sector needed the laws to be passed that would circumvent property rights and create a stop gap measure that would forever keep the citizen(s) in perpetual financial bondage to the gov't and to the private bankers I.E. reform bankruptcy laws. Once, the laws were established they then could open their coffers and let greed (public) take it's short but deadly toll upon the citizens and their natural GOD given heritage. Now foreigners and American bankers have become the largest land owners in America (feudal system anyone?)

Consider this as well, The bankers whom ever they maybe claim to have lost billions of dollars, that is true they did and they knew they would fail! See, by allowing greed to takes it's toll (quick way to make a fast buck in the citizens eyes) they knew that house would fall and fall it did to their benefit and now they have property AKA assets and now the American dream belongs not to it's citizens but to the land owners.

So you ask how does the government benefit from this greed and anarchy? good question this is where the government kicks in it's part of the partnership. When the Fed reduces it's rates (because of presumed financial losses) it means that the value of the dollar becomes more weakened and unstable and we lose credibility / faith in the American dollar as seen in the eyes of the world.

The objective here is quite plain Pres Bush has always welcomed the 'Ixcans, approve sales of strategic assets to rather hostile entities, merge US markets with at of Europe, Canada and japan to name a few. there is no such thing as "chance' not when dealing with laws and finances working together with radical agendas in such a short period of time.

Folks get ready we have been sold out by our greed and by powers that want to forever change the face and landscape of America. indeed this is our darkest hour.

the hour is almost upon us. Goodbye and farewell freedoms. for those that are about to die we salute you.......:candle

[tygerkittn]

I think they've known something's coming and they've been rushing to loot as much as possible, but I don't know if it's the economic collapse that they knew was inevitable that caused this, or if there's something else coming and they know it, and they let the economy collapse because of it, knowing that that will take people's minds off what they did to the economy. Peak oil? War? Some natural disaster on the way that they've kept quiet about? Or did they plan to loot the economy and then start something or allow something (like an attack) to distract everyone, and they'd blame the economy on whatever happened?
I'm VERY paranoid, and I learned from my Mom to distrust what the government tells you. But I think there's a method to their madness. :tinfoil

[cbressler1976]

you know....I used to always ask my father who he was voting for....He was a very intelligent man...he was in the army for 22 years and worked on nuclear things...anyway, his answer was always...none of them are any good...it's so true...yes, but you need to vote for the lesser of two evils, but I see his point...he was frustrated because he knew what was going on behind the scenes...

[HisAlways]

All of these incidences worked together and in tandem in a very methodical and timely manner so as to produce the financial mess we are in but, do not be overly concerned the government wants to take care of us citizens!

Our government isn't that clever. I would have a real difficult time swallowing all of this. If all of this is really going on, someone BIGGER than our government is helping...which could very well be.:idunno

[tygerkittn]

Our government isn't that clever. I would have a real difficult time swallowing all of this. If all of this is really going on, someone BIGGER than our government is helping...which could very well be.:idunno

That's my thought..if you've read "The Dumbing Down of America by Charlotte Iserbyte? Iserbolde? can't remember, it had actual memos from Carnegie and JP Morgan and the Gettys and Rockefellers, showing that they were planning to pretty much take over the country under the people's noses, and I haven't read "The Creature from Jekyll Island" yet but it's about the creation of the Fed and how the same people were planning to control the economy.
Sometimes, I'm afraid I'm NOT paranoid, just well informed. That's a very scary thought. I'd rather it's just me being nuts.

[I'm all 67X]

That's my thought..if you've read "The Dumbing Down of America by Charlotte Iserbyte? Iserbolde? can't remember, it had actual memos from Carnegie and JP Morgan and the Gettys and Rockefellers, showing that they were planning to pretty much take over the country under the people's noses, and I haven't read "The Creature from Jekyll Island" yet but it's about the creation of the Fed and how the same people were planning to control the economy.
Sometimes, I'm afraid I'm NOT paranoid, just well informed. That's a very scary thought. I'd rather it's just me being nuts.

Ooooohhh, I wish I didn't have to disagree in the utmost! In fact, I would say igirocks is only scratching the surface...that there are possibly co-conspirators, sure, but I'd bet my right eye it goes waaaaaayyyy deeper.

Hello tin shed! :tinfoil

[HisAlways]

That's my thought..if you've read "The Dumbing Down of America by Charlotte Iserbyte? Iserbolde? can't remember, it had actual memos from Carnegie and JP Morgan and the Gettys and Rockefellers, showing that they were planning to pretty much take over the country under the people's noses, and I haven't read "The Creature from Jekyll Island" yet but it's about the creation of the Fed and how the same people were planning to control the economy.
Sometimes, I'm afraid I'm NOT paranoid, just well informed. That's a very scary thought. I'd rather it's just me being nuts. :lol2 Yea...I like to think that way too. I have not read those books....don't know if I want to. Will just make me angrier.:rolleyes

[seekingtruth1]

Our government isn't that clever. I would have a real difficult time swallowing all of this. If all of this is really going on, someone BIGGER than our government is helping...which could very well be.:idunno

Central bankers

[Nova]

I think if you want to understand the picture, you have to go alot further back than Bush. First big blow, was removing the gold standard. It allowed the government to print money whenever it need to. Second, would be removing the caps on the federal debt. Regan convinced congress to remove the 1 trillion dollar cap on the deficit, so he could spend (communist) Russia into the ground.

Now we have a situation where politicians aren't hindered in their spending. They can promote new programs without either raising more revenue (taxes) or cutting elsewhere. The one positive thing Bush tried to do was address the problem with funding Social Security & MediCare. It failed, but he made an attempt.

Unlike personal finance, the government debts pass on to future citizens. If a man goes into debt, then dies. His assets are sold & any outstanding debt dies with him (ie his kids aren't responsible for it.) Whereras, government debt continues. So we are indebting our children with our reckless spending. And I don't see a solution in sight. Because of 2 times. One, spending without regard to how those items will be funded, secures power & votes for politicians. It is about maintaining power-not wealth per say. Second, the amounts of cuts we would need to make to balance our budget would be so severe, I doubt the public is prepared for the hardship.

Thus, I expect the US economy to tank because of excess debt & the measure made to keep the government solvent. Translation-more currency in circulation-net dilution of the dollar-result lower dollar buying power. Ultimately hyperinflation will lead to fullblown collapse. How soon we reach that point is anyones guess. I can't foresee it lasting longer then 20 years without a major change (based on reports from the Comptroller of the US). And probably less than that.

So while I vote, I've stopped anticipating the government will fix the underlying problems. It think the debt levels are too high to be corrected in a way that will save our currency. Which was a very sobering & sad reality to confront. Instead, I'm planning longterm for dollars (as a currency) to continue dropping in value. Which presents a dilemma in where to invest (both short term & for retirement.)

I agree with the change in the bankruptcy laws. Should people walk way from their debts & still keep their toys? In my opinion, no. All that leads to is a belief that we aren't accountable for our choices-good or bad.

And as to why foreigners own so many US treasures, it is because Americans have overspend & have little money to invest. Simple math. It is those (foreign) investments that are keeping our currency stable. Yes, it does prevent the US from imposing tariffs to shore up US companies. So there is a negative, both for business & national security. I think foreign investors will wise up & realize that they are losing buying power by hold dollars. Then I expect the crap to really hit the fan.

[jda303]

The changes to the Bankruptcy Code were really not all that drastic. Sure, more people are forced into chapter 13 reorganization plans, but that doesn't mean that their creditors automatically receive payment in full. In fact the creditor lobby was surprised at how little they receive in cases filed under the new amendments. There has always been a lot of myth surrounding bankruptcy law and the belief that relief is no longer available is just the latest of many myths.

However, to the OPs point about the government selling us down the river. I agree totally. I just can't decide whether our leaders are useful pawns driven by greed or whether they actually have been orchastrating the coming economic collapse all along.