700 Billion Bailout
POSTED BY: Wulfenstar
UPDATED: Sunday, September 8, 2024 21:33
VIEWED: 7614
PAGE 2 of 8
Quote:And that's even stupider.
Originally posted by SignyM:Quote:Why? He IS the cause of all this, AND he's the one "fixing" it. Why should we ignore him? So he can get a free pass on his horrific policies?
You need to stop fixating on Bush.
You really should stop enabling him.
Nihil est incertius vulgo, nihil obscurius voluntate hominum, nihil fallacius ratione tota comitiorum.
Nothing is more unpredictable than the mob, nothing more obscure than public opinion, nothing more deceptive than the whole political system.
-- Cicero
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Quote:
And, where the fuck are we going to get this money? Borrowing from China? or Iraq?
Sadly, we're going to print it. I actually heard one of the Federal Reserve officials say in an interview, when asked if the government might run out of money to bail out these failing corporations, "The government isn't going to run out of money. We have the Federal Reserve, and the mints, and we own the printing presses."
He said it serioiusly, too. His grasp of the situation ranks him right up there with a typical 16-year-old saying, "I can't be out of money; I still have checks in my checkbook!"
I fear for my country's future...
Mike
This world is a comedy for those who think, and a tragedy for those who feel.
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Quote:
Originally posted by Finn mac Cumhal:
And that's even stupider.
Now that's really stupid!
More insane ramblings by the people who brought you beeeer milkshakes!
No one can see their reflection in running water. It is only in still water that we can see.
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Whatever, Finn.
BTW, what Bush is doing is technically closer to fascism than national socialism. Have you looked up the definition of fascism lately?
Quote:check
Various scholars attribute different characteristics to fascism, but the following elements are usually seen as its integral parts: nationalism,
Quote:check
militarism
Quote:getting there
totalitarianism
Quote:two stolen elections
dictatorship
Quote:check
class collaboration
Quote:the phony kind
populism
Quote:not yet
collectivism
Quote:check
statism
Quote:religion in government, check,
social interventionism
Quote:getting there
economic planning
Quote:
Fascist governments nationalized key industries, made massive state investments, and partially abolished property rights and markets. They also introduced price controls and other types of economic planning measures. Fascists promoted their ideology as a "third way" between capitalism and Marxian socialism.
Although fascism used a kind of faux populism, in fact the class that benefited most from fascism was the elite.
---------------------------------
Any idea, no matter how much you may agree with it, can be radicalized and employed as an excuse for violence. There is no such thing as a righteous or untouchable philosophy, and when you start thinking that there is, you have become an extremist.- Finn Mac Cumhal
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$700-Billion bailout is multiplied by 100 = $70-Trillion bailout of foreign derivatives.
Counterfeiting $70-trillion in funny money will guarantee hyper inflation.
This proves that insurance annuity "pensions" are NOT insured. Though AIG annuities got damn lucky at our expense. Until the next crash.
Get ready to say byebye to the private Federal Reserve Debt Note (so-called "US dollar"), hello to the Mexican-Canadian Amerodollar.
Note the Fascist fasci (bundle of sticks)
Quote:
The Death of Three Nations
2006
Corporate Greed…
First, let’s take a look at the wage gap between CEOs and non-management employees. In 1980, the average pay for a corporate executive officer was 42 times that of the average employee compensation (42:1). In 2004, the ratio was 431:1. In other words, the gap had widened by slightly over a thousand percent. This was actually a drop from a high of 531:1 in 1999. A one hundred point drop is significant, but the gap remains far too wide.
CEOs generally hold considerable sway over corporate board members, and therefore exercise a tremendous amount of control over their own compensation. In 2004, Yahoo’s Chief Executive Terry Semel raked in $230.6 million dollars in total compensation. That works out to $631,780.83 per day. How many of you reading this earn 600 G’s per day? Per year? Per decade?
I’m not singling Terry out of a crowd. But this is a good example of the extravagance of corporate pay packages. Let’s say some CEO earns $100 million per year. That’s $273,972.60 per day. If we cut his pay to “only” $50 million per year, that’s still one hundred thirty-six thousand dollars per day. One would think that he could scrape by on that amount, although he might be forced to keep his old yacht an extra year before trading it in. Oh… the hardship!
The other $50 million could be pumped into the company’s retirement fund, paid out in dividends to shareholders, or maybe even (gasp!) used to finance a pay raise for employees. Assuming this theoretical company has 5000 employees, that’d be a ten thousand dollar a year pay increase for each of them.
www.nationalledger.com/cgi-bin/artman/exec/view.cgi?archive=1&num=6405
Jew Warren Buffet, owner of GEICO Govt Employee Insurance Corp (CIA) paid himself a $30-Billion personal salary, tax free, in one year, as reward for his part in the $90-billion 9/11 insurance fraud conspiracy. On 9/11 Buffet was "coincidentally" playing golf with all the CEOs of World Trade Center at Strategic Air Command HQ, in his snuff kiddie porn capital of Omaha Nebraska (The Franklin Coverup), then Jr Bush flew to meet Buffet at SAC HQ, before flying to the White House on the night of 9/11. Buffet's NetJet was stalking a robotic Flight 93 when USAF mutiny shot it down on 9/11. So Buffet paid himself a personal income of $82-MILLION PER DAY that year, tax-free.
Warren Buffet gives away his fortune to himself and his tax-free foundation
http://money.cnn.com/2006/06/25/magazines/fortune/charity1.fortune/
North American Union replaces USA
http://tv.groups.yahoo.com/group/piratenewsrss/message/268
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Quote:Yes, I know that’s why you do it. That’s also why chris and Signym fixate on Bush. You’re all always trying to start a fight. But you have to devote a lot of energy to a fight, and I don't have that kind of energy right now.
Originally posted by citizen:
Hey I only said it because it winds up the real idiots around here, makes them start calling people names, trying to hide the fact that they really are stupid...
Nihil est incertius vulgo, nihil obscurius voluntate hominum, nihil fallacius ratione tota comitiorum.
Nothing is more unpredictable than the mob, nothing more obscure than public opinion, nothing more deceptive than the whole political system.
-- Cicero
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Quote:Finn, when it comes to Bush's most disasterous policies, you haven't said "boo!". Starting with tax cuts and "trickle down" economics, moving right along with massive deregulation, an expensive and useless war, and frantic government borrowing... all set the stage for the current crisis. Where were YOU when this was all going on? As I recall, you were rationalizing and making excuses, mostly.
You really should stop enabling him.-Signy
And that's even stupider.-Finn
Maybe I'm unfairly tarring your opinion on Bush's economic policies with your opinion on the Iraq war (which has been blind followership, as far as I can tell). If so, let me know what your real opinions were on the above policies and I'll apologize.
---------------------------------
Any idea, no matter how much you may agree with it, can be radicalized and employed as an excuse for violence. There is no such thing as a righteous or untouchable philosophy, and when you start thinking that there is, you have become an extremist.- Finn Mac Cumhal
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Quote:Not really. Printing more money is on option for solving these kinds of problems. It gets you out of little jams like this; it’s just not something you want to do a lot.
Originally posted by Kwicko:
He said it serioiusly, too. His grasp of the situation ranks him right up there with a typical 16-year-old saying, "I can't be out of money; I still have checks in my checkbook!"
Nihil est incertius vulgo, nihil obscurius voluntate hominum, nihil fallacius ratione tota comitiorum.
Nothing is more unpredictable than the mob, nothing more obscure than public opinion, nothing more deceptive than the whole political system.
-- Cicero
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Quote:
Originally posted by Finn mac Cumhal:
Yes, I know that’s why you do it. That’s also why chris and Signym fixate on Bush. You’re all always trying to start a fight. But you have to devote a lot of energy to a fight, and I don't have that kind of energy right now.
Now this is exceedingly stupid, but:
Quote:
Originally posted by Finn mac Cumhal:
Not really. Printing more money is on option for solving these kinds of problems. It gets you out of little jams like this; it’s just not something you want to do a lot.
Stupid doesn't even cover this...
More insane ramblings by the people who brought you beeeer milkshakes!
No one can see their reflection in running water. It is only in still water that we can see.
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Much as folks ain't gonna give credit cause of carrying grudges from other threads in here, I do believe Wulfie has a point.
But the key here, Wulf, is there is more than one brand of that Kool-aid, you see.
While I file many policies of the Democratic party under National Socialism, and in fact closer to the actual MEANING of the term than Adolphs little pack of lip-service goons ever was, it basically encompasses the ideal of the State being held forth as superior to the individual, which is in opposition to the American Concept of self-liberty.
This is not so much an example of that kind of policy, remember, more than one flavor, right ?
This kind of thing is the other end of the Fascist spectrum, as are many Republican party policies, as embodied in Mussolinis ideal of the marriage of Corporate and State power into a single, unified whole.
http://en.wikipedia.org/wiki/Italian_fascism
I don't have much truck with either one, nor the bloody handed flavor of Rivera and Franco either, especially since my spiritual ancestors fell against them while the good ole US of A was supporting the bastards because the Socialists, Communists, Anarchists and Trade Unions scared the American money elite pissless, and the Fascists were hacking them off at the knees.
Only at the very end were they thrown any kind of support, and even then less than five years later McCarthy and company started hounding them some more.
That's not to say I think any of those systems would work in practice any better than what we have now, *IF* we were to stick to the principles it's based on, which we have not for a very long time.
I just wanted to clarify that yes, this is a somewhat Fascist thing to do, it's not the same flavor of such a thing as National Socialism, but much closer to ole Benito's style.
Don't let the Fascist tendancies of one party blind you to the Fascist tendancies of the other, cause right now we got the Dems wanting to play Adolph, and the Reps wanting to play Benito, and to *ME* - not a dimes worth of difference between the two other than the fact that the Dems aren't really all that good at it.
History is both a fascinating and extremely useful subject concerning things like this, which is why I use the sigline that I do.
-Frem
It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it
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