The Big Takeover

[Chuckleberryfinn]

The Big Takeover

The global economic crisis isn't about money - it's about power. How Wall Street insiders are using the bailout to stage a revolution

The Big Takeover : Rolling Stone

 

[mike]

an excellent article, though the suggestion this mess was the fault of wall street, is a bit like leaving a kid alone with cake and being surprised its been eaten.

clearly, the fault is that of the US govt, the EU was making noises about the situation and instead of addressing the cause, they pulled a bait and switch which only made the matter worse.

the various changes to the regulations and the reasons behind those changes clearly indicate the root cause.

this is why we need a NWO, because the US govt has proven beyond a doubt it cant be trusted.

we need a global regulatory body to make the rules,as this article clearly shows, the US govt will, like the kid left alone with the cake, look out for number one first, with no exercise of the greater global, and social responsibility.

the US govt was supposed to be the responsible parent figure, and instead let its kiddies run riot in the candy store, and now after the sugar rush has worn off, they are all very very sick.

 

[mike]

i dont want to give the impression im anti US by my post.
those who know me i am an unashamed fan of the USA and the things its given the world, and more importantly "history"
i live in a world where the "self evident" has been formalised by the US consitution for centurys.
the ideals of those authors have shaped the world i inhabit today.

ive talked about the clean floor scenario before, ppl often dont recognise when the world has been saved, but history does.
there is no one left alive today i could thank for getting the drop on the japanese at the tail end of WW2, knowing the bushido code, i know how hard a job it was, and how against all odds, it was done, and how important the doing was.
from the space program which mesmerises every human on the planet, to computers and medical science, history cant help but record this nation as the most advanced on the planet at this point in time.

if the wiffle ball 7 pans out, it will forgive a multitude of sins........

the development of this sort of technology will save the world, (yet again) as history will record.

the article above is global, there are no secrets in the "real" world anymore, im confident reading this article that the USA, as a people and as a Govt, will reverse engineer what happened and sort it out.

the article is actually quite specific in which changes to corporate law and regulation was responsible for the situation. so the fix is simple, change the regulations back to the way they were

i honestly think WW2 was a greater test of the USA and its people than this "paper" money problem.

 

[Tommy Allison]

The Big Takeover

The global economic crisis isn't about money - it's about power. How Wall Street insiders are using the bailout to stage a revolution

The Big Takeover : Rolling Stone

And today it was announced that the Federal Government, The Treasury, bought a TRILLION dollars of TOXIC DEBT from AIG.

What does that mean?

They just added another trillion dollars to the Billions of your taxpayer dollars to the AIG bottom line. In effect, we have nationalized AIG. They say that the taxpayers will share in the profits. Oh really? How? How are the dividends going to be parceled out to the American Taxpayers who have already shelled out BILLIONS of dollars to these people?

The Bonus thing was a smokescreen for the Trillion Dollar give away today.

 

[musictomyears]

this is why we need a NWO, because the US govt has proven beyond a doubt it cant be trusted.

So, you want to replace one national, self-serving bureaucracy with a bigger, international one, because you'd expect it to act more responsibly?

And who's going to be in charge of the NWO?

- The global banking cartel?
- Obama?
- The UN?

 

[mike]

So, you want to replace one national, self-serving bureaucracy with a bigger, international one, because you'd expect it to act more responsibly?

And who's going to be in charge of the NWO?

- The global banking cartel?
- Obama?
- The UN?

in the short term, a variation on the UN theme Yes, this would mean decisions based on global and not local prioritys, in the long term synthetic intelligence, making decisions based on the computer models.

"national interest" is the root of this problem, the rules were disabled for a reason, and as long as the money kept flowing no one cared.
as the above article shows the EU was given the bums rush when they voiced concern over the unsafe practises they observed, because as long as the US was profiting from the situation the EU and everyone else could go fly a kite, any system divorced from that has to be an improvement

 

[David Biedny]

Chuckleberry,

That's an excellent article, thanks so much for posting it here.

It really makes one wonder what it's going to take for the masses to rise up in revolt. Seriously - at what point are people going to understand that they've all been sold out for pennies on the dollar? When is the rage going to rise to the surface? I suppose it'll start to happen when people really go hungry, when their children starve to death, but it's like we're all the frog in the pot of increasingly hot water. By the time it hits the boil, it won't matter, we'll all be soup.

dB

 

[Chuckleberryfinn]

That link I provided links to the second page of the story. Oops. I am sure that you all noticed that and skipped a page back to start at the beginning. There's a good political cartoon on the first page.

Here is another link:

The Big Takeover : Rolling Stone

 

[cottonzway]

They just don't care, their criminals and they don't give a fuck what we think.

Like Bernanke....

He is not going to tell us where trillions went because he doesn't care what we think. He can just refuse to answer it when being grilled by a US Senator in a hearing like what Bernie Sanders did to him.

 

[mike]

They just don't care, their criminals and they don't give a fuck what we think.

Like Bernanke....

He is not going to tell us where trillions went because he doesn't care what we think. He can just refuse to answer it when being grilled by a US Senator in a hearing like what Bernie Sanders did to him.

lol at the swastica behind the senator...............

 

[cottonzway]

Holy crap, I just noticed that. It's just the design in the wood pattern, but good eye.

 

[mike]

the chinese have a plan.................................

http://www.ft.com/cms/s/0/7851925a-17a2-11de-8c9d-0000779fd2ac.html?nclick_check=1

China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.
In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.

Mr Zhou said the proposal would require “extraordinary political vision and courage” and acknowledged a debt to John Maynard Keynes, who made a similar suggestion in the 1940s.

 

[musictomyears]

Great. Global currency, here we come.

 

[pixelsmith]

an excellent article, though the suggestion this mess was the fault of wall street, is a bit like leaving a kid alone with cake and being surprised its been eaten.

clearly, the fault is that of the US govt, the EU was making noises about the situation and instead of addressing the cause, they pulled a bait and switch which only made the matter worse.

the various changes to the regulations and the reasons behind those changes clearly indicate the root cause.

this is why we need a NWO, because the US govt has proven beyond a doubt it cant be trusted.

we need a global regulatory body to make the rules,as this article clearly shows, the US govt will, like the kid left alone with the cake, look out for number one first, with no exercise of the greater global, and social responsibility.

the US govt was supposed to be the responsible parent figure, and instead let its kiddies run riot in the candy store, and now after the sugar rush has worn off, they are all very very sick.

are you out of your mind? the NWO is who is causing our problems.

 

[mike]

are you out of your mind? the NWO is who is causing our problems.

did you read the article in the OP

i know its 8 pages, and on the internetz thats sometimes TL;DR.............

anyway if the author is correct in his facts as presented, then some very large factors in the equation can be quantified, this is actually the good news.
and by my reading the NWO has nothing to do with whats being proposed in the article, the people responsible and the legislation that was "disabled" are clearly identified.

but knowing the precise cause of a problem, is to be able to solve it. thats the good news.

the bad news is, its obvious that the govt has become "by the corporations, for the corporations" and im not sure what the "people" to whom thats supposed to apply can do about it.
the people cant have been expected to know the intricate financial web that was being woven, and vote accordingly. that was the Govts job, and they messed up, they messed up bigtime.

and on this matter the matter of prudential regulations, the world has a right to say "screw me once, shame on you. screw me twice shame on me".

this wasnt caused by some airy fairy cabal of illuminati, it was caused by self interest, and lack of discipline. both perfectly normal human expressions (put two children aged three yrs old in a sandpit, with one tonka toy.......)

thats why we have regulations, because we "know" that human nature is greedy and self serving if left to its own devices.......

these guys gambled at the card tables, and now that they have lost they want you to pay the gambling debts, the rational is, if American corporations dont pay the debts, they will be barred from the casino, and that will be even more catastrophic for America. If the gambling debts of a dozen US corporations dont get paid, it reflects on the entire country, both in image and consequence.

as Dr Phil says "you cant fix what you dont acknowledge". i think this article identifys some of the root factors in this situation, and as i said thats good news

blaming it on the NWO is just sticking your head in the sand and insisting no one can see you.

personally i think the new admin should cover the actual debts, not bail out the companys and execs who created them.
i think a senate comittee should look at the people mentioned in this very article and if they find the facts to be true, seize their assets, its these bums who should be living in tent cities, not the hard working people.
they havent done a good job(and thats putting it mildly), and they should be unemployed, not getting bonus's from the public purse.
thats just insane.
by all means honour the debts for Americas good name, but let the individuals and corporations responsible go.
their resume's/annual reports and prospectus's should all read "sucks at the finance game" and they should never be employed/invested in again

and just for good measure, just to show the world how serious you are about it, enshrine the new regulations in the constitution with a note to the future never to disable the rules like that again