Its a simple plan of creating dependence on government as an entitlement. The dependence becomes centralized control and entitlement becomes obligation
The original bailout was presented as public money to be used to buy out the bad mortgages. The government would have reset the values on the homes and resold them to responsible people who could afford them.
The banks who were over leveraged would be allowed to fail as well as the individual home owners who were over leveraged would have to give up their houses. Losing a house does not mean you have to live in the street, it means you take the money you were paying to a mortgage and pay it toward rent
The bailout plan was later changed by Paulson after it was approved(RED FLAG). Now the bailout is being used to save banks of choice(BOA & AIG, not Lehman?)
The government usurping the authority of contract law by renegotiating private contracts is what happens in a socialist collective(USSR) not a free republic(USA).
Those people who were easily duped into bad investments(mortages) will be duped again except this time, the people who bailed them out the first time(us), will not have any money left to save anyone !
Wealth is neither created or destroyed it just changes hands. A bear market is just a description of what has already happened.
The market makers pull their wealth out of the market and anyone who trades behind them loses wealth, then they(controlled media) call it a crisis and when people get used to it they call it a bear market
Obama, Brown & Emanuel have all stated that, this crisis was an opportunity,
That is text book Heglian " Problem Reaction Solution" or Order out of Chaos theory in action !
PLEASE USE THE FOLLOWING VIDEOs FOR INFORMATION PURPOSES, TAKE YOUR TIME BOOKMARK AND COME BACK AND DO YOUR OWN RESEARCH AND MAKE YOUR OWN CONCLUSION
All The Best !
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3 months ago