August 07, 2008
– Comments (6)
Hat tip to blownmortgage.com.
Why did the taxpayer get put on the hook for billions worth of crummy real estate loans? Because the cash machine in Asia demanded it.
Oh, no! We might have to learn to live within our means, individually and as a country.
That's the kind of thing that happens when you are in debt.
Though the adjustment would be painful, in my opinion we'd be better off in the long run. How long will Asian countries continue to sell us crap goods in exchange for crap IOUs?
FYI Jim Jubak also said this in one of his latest columns over at MSN Money.
Its a symbiotic relationship.
sort of like the one between a stinging coral plant and the one special fish immune to its sting who feeds its plant and defends it.
I don't know if I'd call that symbiotic right now as much as I'd call it sycophantic. Basically, these guys (widening it now beyond Paulson, Goldman, and Mudd and Fannie to include all of those Wall Street scuzzbuckets who booked fantasy future revenues and profits, and paid themselves in real money in the present) have now put us under the thumb of foreign investors, not just economically, but politically, and they have collected hundreds of millions of dollars in personal compensation while selling the country out.
And our two thick-headed presidential candidates are falling over themselves to promise the bagholders on Wall Street and Main Street another free ride.
Because of the unique position of the US geopolitically, foreign investors - including central banks, Arab princes, etc. - will pay what's necessary for political influence here.
now put us under the thumb of foreign investors, not just economically, but politically, and they have collected hundreds of millions of dollars in personal compensation while selling the country out.
"The most powerful clique in these (CFR) groups have one objective in common: they want to bring about the surrender of the sovereignty and the national independence of the U.S. They want to end national boundaries and racial and ethnic loyalties supposedly to increase business and ensure world peace. What they strive for would inevitably lead to dictatorship and loss of freedoms by the people. The CFR was founded for "the purpose of promoting disarmament and submergence of U.S. sovereignty and national independence into an all-powerful one-world government." Harpers, July l958
For seven years, US President George W. Bush refused to allow the IMF to conduct its assessment. Even now, he has only given the IMF board his consent under one important condition. The review can begin in Bush’s last year in office, but it may not be completed until he has left the White House. This is bad news for the Fed chairman.
When the final report on the risks of the US financial system is released in 2010 — and it is likely to cause a stir internationally — only one of the people in positions of responsiblity today will still be in office: Ben Bernanke.
Patriots, do you see what is unfolding? Add all this up. It is all in Naomi Klein’s book SHOCK DOCTRINE. When inflation gets out of control, which it will. All hell is going to break loose. Then all the angry pitchforks will demand solutions to the inflation. IMF and its Globalist cronies will recommend their solutions. Unfortunately our bought and paid for politicians will gladly implement their advice, even when they know it will be devastating for our Country. CHECKMATE. These OUTLAWS have been implementing this same procedure for the last 30 years to fleece countries all over the WORLD! It is texbook. Economic crisis solved with Privatization and fascism. The multinational companies takeover a country’s assets while the people are to busy worrying about violence. They wake up years later with 95% of the population poor and 5% filthy rich. Those 5% are the ones that SOLD OUT their country to the GLOBAlist Elite.
Know your enemy
Does the middle class and the Constitution have a chance against this evil cabal that has taken over our country and stripped us of liberty and wealth?