Comments: Here is exactly what has occurred during the collapse of the markets. Money markets throughout the US pulled BILLIONS of dollars electronically out of all the banks. The Federal Reserve put a cap on the withdrawals to $250,000 only. The word economy was within hours of a TOTAL COLLAPSE. Now the government is stating they don't know how this will end. They are asking for public HELP! Caller is in a panic and cannot feed her family! Listen to this:
He says at the end that they are not economic geniuses, they are just a representative of the people....Well the people said in a 9 to 1 ratio, not to steal our 800B dollars(first tarp). That sir is not a representative of the people.
ReplyDeleteOne thing I noticed: He laid the foundation that he agreed to tarp1 because Paulson claimed there was a current electronic run on the banks. Then he says they guaranteed 250k and that stopped the bank run...He never says why they stole the 800B dollars. The bank run was done...
ReplyDeleteWhat the hell if there was a run on the banks why didn't they just tell the public the truth at that time? Why because the whole system is a fractional lie, they rely on the ignorance and trustworthiness of the people to keep the game running. Bleepin Crooks. And he lied about the TARP of course right in the freaking bill it said exactly what Paulson wanted complete fricking control with no questions asked, or maybe he didn't like he just didn't read the damn bill before he voted for it.
ReplyDeleteI think 99% of this is just made up. People react on fear. This is fear mongering. Plain and simple. We got what we asked for in Barak Hussien Obama............a young corrupt socialist who is hell bent on changing America and the students, white sympathizers, and blacks made sure of this.
ReplyDeleteSorry folks. We here in the 11th CD in PA tried very hard to oust him. Lou Barletta would have put him to shame. I'm convinced there was corruption in the computerized vote count (no paper trail)... but this bailout garbage is absolutely, constitutionally, morally WRONG! Within months we'll be seeing severe inflation, more bubbles burst, or both. Pouring newly printed money (out of thin air) into the economy only benefits those who use it first. The real entity that needs regulation IS the Federal Reserve itself. THEY are the ROOT cause for all this mess. End the Fed!
ReplyDeleteVery simple, repeal the federal reserve act.
ReplyDelete