The Bailout is a Ponzi "pyramid scheme" designed to give the billionaires who created the bad debt crisis all their money back so they can re-diversify into EUROS and other foreign currencies.
It is could possibly be part of a grander scheme to remove the USA/DOLLAR as the "World Reserve Standard", paving the way for a world currency (ie a New World Order
What does Rep McDermott think ?
What does Rep Kaptur Think?
Why should American taxpayers give US Treasury Secretary "Hank" Paulson a blank check to bail out the shareholders of busted banks? Why should the Treasury turn itself into a toxic waste dump for their bad loans? Why not let other banks join the unlamented Brothers Lehman in bankruptcy court, and start a new bank with taxpayers' money? Or have the Treasury pay interest on delinquent mortgages, and make them whole? Even better, why not let the Chinese, or the Saudis or other foreign investors take control of failed American banks? They've got the money, and they gladly would pay a premium for an inside seat at the American table.
READ THE FULL STORY @ ASIA TIMES.COM
ARNOLD KLING FROM THE ECONBLOG EXPLAINS THE REALITY OF THE BAILOUT
ECONOMIST MICHAEL HUDSON describes the bailout as a "Once in a Century Ripoff"
Great Discussion on REDDIT here
3PLT: Saturday Morning Alive Show #2 - Keith Price's Curtain Call - Giorgio's Poems - Money Casholini's Oscar Wrap ! - - All Rights Reserved 2010 - The Niles Lesh Project Follow NILES LESH / MIENFOKS on TWITTER !
1 week ago