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pjani06 (29.11)

Fix to our financial system submitted to Senate Banking Commitee ; please comment & circulate

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September 22, 2008 – Comments (13) | RELATED TICKERS: BAC , WAMUQ.DL , GS

Hello Fellow Patriot,

 

This is my first CAPS blog as I never seem to post up here, but something brought me out of this apathy today, this something I want to share today that will be beneficial & important to especially you.  Today we are going through a financial crisis in the world and its concentrated within the US.  Changes are occurring at a rapid pace and we have reached a point right now where we have hit a crossroad for what the world's future would be like the next 5 years; (1) one road leads to a collapse of our economic system that will destroy the country's ability to preserve jobs & create future jobs, lead to destruction of the remaining value of what we own & earn, lead to higher costs for you, your family (grandparents & sons & daughters), and friends who'll no longer be able to scrape by to pay for housing, food, healthcare, and transportation, and lead to government control that goes beyond anything we can imagine today; OR (2) the other road that leads to flushing our economic system to preserve our ability to create future jobs, save the value of our livelihoods & standard of living for all of us, and salvage our base freedoms & rights to prosperity-which have been undermined but we need to atleast preserve the base that we have today so we can fight to reclaim all our freedoms & deserved rights that any world citizen should enjoy.

 

Anyways, this is what brought me out of my apathy, getting turned on to an amazing man fighting for us, Karl Denninger who put up this 10 min video that lays out what happened to our financial system from banks down to us these past 5 yrs in a comprehensive, logical manner;

 

Here is the SOLUTION he posted today, September 21, 2008.  Very important - Watch this:

Again this solution is a document you can read through and has been submitted to the senate this weekend.  It has been hand-signed and distributed to each member of the Senate Banking Committee and hopefully is considered there.

 

This is the solution & the best, realistic shot at starting to address & fix the problems we are facing today.  All I ask of you is to check out the videos, consider it, think about it, discuss it, share it with others, distribute it please.  At the very least this will create much needed discussion amongst us for a realistic solution today or at the very best it will lead to the first step in many to halt a finacial collapse & stop a government shutdown on the people, preserve our ability to financial prosperity and ability to get a job (a good paying one in this country), and provide an example for others to follow.  It can lead to a much brighter future for our ourselves, our families, and friends. 

 

Please tell me what you think and copy/paste this to others you know.

 

Thank You,

 (I had not had any communications with Karl Denninger, however since he moved me to get out of my seat & do this, I copied and pasted this message to him and I hope he appreciates this message as a token of respect to the message he is fighting to get out to the rest of us).

13 Comments – Post Your Own

#1) On September 22, 2008 at 7:37 PM, devoish (98.37) wrote:

I couldn't find the written plan. If you could link to it I qwould like to read it.

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#2) On September 22, 2008 at 7:56 PM, pjani06 (29.11) wrote:

Everyone,

HERE is the link to the written plan ; click here:

http://www.denninger.net/letters/paulson-bernanke-senate.pdf

Thanks devoish for pointing out the lack of the link. 

 Also, IMPORTANT, 

Here's the petition to send a message to congress against all these bailouts & offering fixes; http://financialpetition.org/petition-nobail.shtml 

I just signed & sent it.  

Thanks to goldminingxpert for posting his blog & the article on this today which is how I found it.  Here's the blog link:

 http://caps.fool.com/Blogs/ViewPost.aspx?bpid=89688&t=01008631960540474609

Enjoy.

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#3) On September 22, 2008 at 9:48 PM, Imperial1964 (97.78) wrote:

Karl Denninger is becoming quite popular all of a sudden.  I've followed his commentary for a year.  I respect him greatly and read his commentary daily, but as with most bloggers, I think he gets a little carried away, to the bearish side.  Certainly, don't invest your money solely based on his commentary without some serious risk management.

I'll admit that sometimes when Karl has been telling folks to "get out of the market" I've actually been buying select stocks.

For a more balanced and precise assessment of things, I recommend John Hussman's weekly articles, found at:

Hussman Funds - Investing for long-term returns while managing risk - Home page

John has a pretty good proposal for how to fix this, but I'm not sure his "Property Appreciation Recipt would work as designed unless the homeowner has at least partial participation in all future appreciation of the property value.

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#4) On September 22, 2008 at 11:57 PM, RVAspeculator (29.06) wrote:

If you have been reading my blog you know I am a big Karl fan.  I disagree with a lot of his trading advice but as far as his war on these bailouts I am with him 100%.  I may even attend a rally.

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#5) On September 22, 2008 at 11:59 PM, abitare (40.64) wrote:

Good videos, good find.

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#6) On September 23, 2008 at 12:30 AM, Tastylunch (29.27) wrote:

Another petition to sign if you are inclined

 http://www.votenobailout.org/

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#7) On September 23, 2008 at 1:17 AM, dwot (63.13) wrote:

Excellent first post.  Welcome to blogging.

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#8) On September 23, 2008 at 2:22 AM, pjani06 (29.11) wrote:

Ares and dwot, Thanks for the props and welcome!

Tasty, thank you for sharing an additional petition, I went ahead and sent it!

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#9) On September 23, 2008 at 1:12 PM, chk999 (99.97) wrote:

I read the letter to the senators and was quite impressed by it. This is a great first blog entry.

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#10) On September 23, 2008 at 3:00 PM, pjani06 (29.11) wrote:

thanks chk999,

all I aim to do is aggregate critical information that is put out there by the real content makers. hopefully this should add value to the CAPs community.

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#11) On September 24, 2008 at 11:57 PM, d1david (29.21) wrote:

thanks pjan for spreading this...

the word needs to get out there about stopping this bailout.

www.fedupusa.org - a must visit 

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#12) On September 25, 2008 at 12:36 PM, TheGarcipian (60.36) wrote:

Excellent post, PJ, for the first or the fiftieth! I couldn't get the videos to play (too much net traffic, I believe), but I did read the PDF through. Hopefully, Congress will listen to his version of events and solutions, and not just swallow what Paulson & Crew have to dish out. The fact that Congress did not rubber-stamp the Bush-Paulson-Bernanke plan is a good sign. However, I think they will still miss the larger point: liquidity is not the problem; trust is!  Denniger's plan seems to address the trust issue thoroughly.

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#13) On September 30, 2008 at 1:38 AM, pjani06 (29.11) wrote:

See the link below for the FULL list of representatives with first name, last name, and state represented, & indicates if they voted for the bailout or against the bailout with CLICKABLE LINKS for their contact information!!!

see this here :

Now its personal, full names & links to all the Representvs. who voted YES or NO to the BAILOUT

this is far from over! 

do something, pat them on the back or convert them or...vote them OUT!

enjoy.

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