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'Financial Terrorism!'

  • #41
  • Sep 30, 2008 3:44pm Sep 30, 2008 3:44pm
Dear Loser,

You has understood perfectly...I believe that you donīt have a mind like a child of 5 years!

Your country is declining to a big abism like the hell! If you want this...go you and your country only, but, preserve all world...or try to correct this problem with responsability, so all will be in peace!

Currently...no aditional comments, in respect to all good friends that still I have on United States!

Quoting blacksun1
umm...... maybe because we are paying for it. it's not like we grew a money tree with 700 billion on it dude. thats my tax dollars right there. how bout when brazil goes under, and your government wants to hand out 700 billion dollars to just one man with no oversight or questions whatsoever, then you come back and ask that question.




actually, im pretty sure i had absolutely NOTHING to do with this whole thing. this is the fault of a bunch of rich retards who decided to give crappy loans to a bunch of poor retards. neither of which will pay this 700 bil. instead, i get to pay for these idiots and their mistakes. thats why i reject this "help" that im giving myself. retarded.




i dont know how it works in that little crap-hole you call brazil, but that's not the way things are done here. see we believe in this thing called freedom. it's really cool, you can actually do stuff that you want to. you should try it someday. see, us fat redneck americans like to think for ourselves.

and by the way, i love how you people call bush the "emperor of the world" and spout all that american empire crap, but then when things get a little tough, you want him to do the same thing you people railed against. you are the kind of people that got america into this mess. no wonder you see nothing wrong with the bailout. if you were here, you probably would have been the one applying for all those loans.

i personally think we need a market crash. the reason we are here is because we've been trying to prevent tiny down moves in the market and now all those little moves are adding up into one big move. we have interrupted the natural way of things way too many times. it's time we actually paid the consequences of stupidity.

and samuel, i cannot wait for this to hit you. i really hope brazil is next. i love how out of touch people always think they know whats best for the poeple who are going through something that they have absolutely no clue about.
  • #42
  • Sep 30, 2008 3:48pm Sep 30, 2008 3:48pm
Quoting SamuelOnline
Dear Loser,

You has understood perfectly...I believe that you donīt have a mind like a child of 5 years!

Your country is declining to a big abism like the hell! If you want this...go you and your country only, but, preserve all world...or try to correct this problem with responsability, so all will be in peace!

Currently...no aditional comments, in respect to all good friends that still I have on United States!


hahahahahahahha
  • #43
  • Sep 30, 2008 3:54pm Sep 30, 2008 3:54pm
Quoting blacksun1
hahahahahahahha
Yeah...good example!

You are acting like your politicians in Washington, D.C when your economy and all world is destroyed!

Nice example...continue...we are watching your theatre!
  • #44
  • Sep 30, 2008 3:59pm Sep 30, 2008 3:59pm
Quoting SamuelOnline
Well...in accordance with an U.S research (Rasmussen) that has been published on Monday:

33% of U.S citizens agree with this financial rescue....32% disagree and 35% are neutral!

What? Why 32% disagree with this financial help of US$700 bilions?

This is nothing in comparasion with current U.S financial capacity to help its own people and all world!

Itīs easy to sucks the global money and benefits, but, when needed, a help is rejected? Specially when you has started the problem?

Unafortuley, I am experiencing a bad feeling against Americans...

Me that always has defended the United States of America!

I hope that this my feeling is temporary...

Bush...my recommendation for you:

Act like a dictator and aprove yourself this financial packwage, because this is highly needed and all world will understand you!

Now to Eurozone:

You are 27 coutries and also have a big financial capacity to help all market! Stop just watching the internal U.S problems and Trichet...start now a plan to get a similar financial packwage like United States, or Europe also will be one of biggest financial criminals and the United States will not be alone!
Your statistics are wrong ..... and quit frankly you must be out of your mind to go along with this criminal act by wall street... and buy the way last time I checked we were still a democracy...... even as much as our idiot son for a president would like to be dictator.
Same Whore .... Different Dress
  • #45
  • Sep 30, 2008 4:05pm Sep 30, 2008 4:05pm
Hahahahahahaha.

Dude get a clue. Unless you have something constructive to say backed by factual evidence, post elsewhere.

Quoting SamuelOnline
Yeah...good example!

You are acting like your politicians in Washington, D.C when your economy and all world is destroyed!

Nice example...continue...we are watching your theatre!
  • #46
  • Sep 30, 2008 4:06pm Sep 30, 2008 4:06pm
Here is a letter by Ron Paul. Make of it what you will:

"
Dear Friends:
The financial meltdown the economists of the Austrian School predicted has arrived.

We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. By doing more of the same, we will only continue and intensify the distortions in our economy - all the capital misallocation, all the malinvestment - and prevent the market's attempt to re-establish rational pricing of houses and other assets.

Last night the president addressed the nation about the financial crisis. There is no point in going through his remarks line by line, since I'd only be repeating what I've been saying over and over - not just for the past several days, but for years and even decades.

Still, at least a few observations are necessary.
The president assures us that his administration "is working with Congress to address the root cause behind much of the instability in our markets." Care to take a guess at whether the Federal Reserve and its money creation spree were even mentioned?

We are told that "low interest rates" led to excessive borrowing, but we are not told how these low interest rates came about. They were a deliberate policy of the Federal Reserve. As always, artificially low interest rates distort the market. Entrepreneurs engage in malinvestments - investments that do not make sense in light of current resource availability, that occur in more temporally remote stages of the capital structure than the pattern of consumer demand can support, and that would not have been made at all if the interest rate had been permitted to tell the truth instead of being toyed with by the Fed.

Not a word about any of that, of course, because Americans might then discover how the great wise men in Washington caused this great debacle. Better to keep scapegoating the mortgage industry or "wildcat capitalism" (as if we actually have a pure free market!).

Speaking about Fannie Mae and Freddie Mac, the president said: "Because these companies were chartered by Congress, many believed they were guaranteed by the federal government. This allowed them to borrow enormous sums of money, fuel the market for questionable investments, and put our financial system at risk."

Doesn't that prove the foolishness of chartering Fannie and Freddie in the first place? Doesn't that suggest that maybe, just maybe, government may have contributed to this mess? And of course, by bailing out Fannie and Freddie, hasn't the federal government shown that the "many" who "believed they were guaranteed by the federal government" were in fact correct?

Then come the scare tactics. If we don't give dictatorial powers to the Treasury Secretary "the stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet." Left unsaid, naturally, is that with the bailout and all the money and credit that must be produced out of thin air to fund it, the value of your retirement account will drop anyway, because the value of the dollar will suffer a precipitous decline. As for home prices, they are obviously much too high, and supply and demand cannot equilibrate if government insists on propping them up.

It's the same destructive strategy that government tried during the Great Depression: prop up prices at all costs. The Depression went on for over a decade. On the other hand, when liquidation was allowed to occur in the equally devastating downturn of 1921, the economy recovered within less than a year.

The president also tells us that Senators McCain and Obama will join him at the White House today in order to figure out how to get the bipartisan bailout passed. The two senators would do their country much more good if they stayed on the campaign trail debating who the bigger celebrity is, or whatever it is that occupies their attention these days.

F.A. Hayek won the Nobel Prize for showing how central banks' manipulation of interest rates creates the boom-bust cycle with which we are sadly familiar. In 1932, in the depths of the Great Depression, he described the foolish policies being pursued in his day - and which are being proposed, just as destructively, in our own:

Instead of furthering the inevitable liquidation of the maladjustments brought about by the boom during the last three years, all conceivable means have been used to prevent that readjustment from taking place; and one of these means, which has been repeatedly tried though without success, from the earliest to the most recent stages of depression, has been this deliberate policy of credit expansion.

To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection - a procedure that can only lead to a much more severe crisis as soon as the credit expansion comes to an end... It is probably to this experiment, together with the attempts to prevent liquidation once the crisis had come, that we owe the exceptional severity and duration of the depression.

The only thing we learn from history, I am afraid, is that we do not learn from history.
The very people who have spent the past several years assuring us that the economy is fundamentally sound, and who themselves foolishly cheered the extension of all these novel kinds of mortgages, are the ones who now claim to be the experts who will restore prosperity! Just how spectacularly wrong, how utterly without a clue, does someone have to be before his expert status is called into question?
Oh, and did you notice that the bailout is now being called a "rescue plan"? I guess "bailout" wasn't sitting too well with the American people.
The very people who with somber faces tell us of their deep concern for the spread of democracy around the world are the ones most insistent on forcing a bill through Congress that the American people overwhelmingly oppose. The very fact that some of you seem to think you're supposed to have a voice in all this actually seems to annoy them.
I continue to urge you to contact your representatives and give them a piece of your mind. I myself am doing everything I can to promote the correct point of view on the crisis. Be sure also to educate yourselves on these subjects - the Campaign for Liberty blog is an excellent place to start. Read the posts, ask questions in the comment section, and learn.
H.G. Wells once said that civilization was in a race between education and catastrophe. Let us learn the truth and spread it as far and wide as our circumstances allow. For the truth is the greatest weapon we have.
In liberty,


Ron Paul"
  • #47
  • Sep 30, 2008 4:08pm Sep 30, 2008 4:08pm
Quoting johnedoe
Your statistics are wrong ..... and quit frankly you must be out of your mind to go along with this criminal act by wall street... and buy the way last time I checked we were still a democracy...... even as much as our idiot son for a president would like to be dictator.
Well...obviously I am not wrong...because this is a public statistic from this research agency above (Rasmussen)

You are located in United States, so you can perfectly confirm it youself! :nerd:

I supose that you are included on these 32% that disagree with this financial rescue!

About Bush:

Yes...if needed....obviously Bush can approve it, with or without Congress! It would be his political ruin on a first time, but, you know that he are able to approve it, ALONE, in an emergence! As a legitm U.S citizen...I supose that you know your own National Constitution!
  • #48
  • Sep 30, 2008 4:10pm Sep 30, 2008 4:10pm
Here is one by my main man Dennis Kucinich:

"
<img alt="Dennis Kucinich - www.Kucinich.us" border="0" height="169" width="600">

The Bailout and What's Next

Dear Friend,
Yesterday marked a day that will go down in history, when Congressional Democrats and Republicans alike took on full responsibility to protect the interests of taxpaying Americans, and defeated the deceptive bail out bill, defying the dictates of the Administration, the House Majority Leadership, the House Minority Leadership and the special interests on Wall Street.
Obviously Congress must consider quickly another course. There are immediate issues which demand attention and responsible action by the Congress so that the taxpayers, their assets, and their futures are protected.
We MUST do something to protect millions of Americans whose homes, bank deposits, investments, and pensions are at risk in a financial system that has become seriously corrupted. We are told that we must stabilize markets in order for the people to be protected. I think we need to protect peoples' homes, bank deposits, investments, and pensions, to order to stabilize the market.
We cannot delay taking action. But the action must benefit all Americans, not just a privileged few. Otherwise, more plans will fail, and the financial security of everyone will be at risk.
The $700 billion bailout would have added to our existing unbearable load of national debt, trade deficits, and the cost of paying for the war. It would have been a disaster for the American public and the government for decades and maybe even centuries to come.
To be sure, there are many different reasons why people voted against the bailout. The legislation did not regard in any meaningful way the plight of millions of Americans who are about to lose their homes. It did nothing to strengthen existing regulatory structures or impose new ones at the Securities and Exchange Commission and the Federal Reserve in order to protect investors. There were no direct protections for bank depositors. There was nothing to stop further speculation, which is what brought us into this mess in the first place.
This was a bailout for some firms (and investors) on Wall Street, with the idea that in doing so there would be certain, unspecified, general benefits to the economy.
This is a perfect time to open a broader discussion about our financial system, especially our monetary system. Such a discussion is like searching for a needle in a haystack, and then, upon finding it, discussing its qualities at great length. Let me briefly describe the haystack instead.
Here is a very quick explanation of the $700 billion bailout within the context of the mechanics of our monetary and banking system:
The taxpayers loan money to the banks. But the taxpayers do not have the money. So we have to borrow it from the banks to give it back to the banks. But the banks do not have the money to loan to the government. So they create it into existence (through a mechanism called fractional reserve) and then loan it to us, at interest, so we can then give it back to them.
Confused?
This is the system. This is the standard mechanism used to expand the money supply on a daily basis not a special one designed only for the "$700 billion" transaction. People will explain this to you in many different ways, but this is what it comes down to.
The banks needed Congress' approval. Of course in this topsy turvy world, it is the banks which set the terms of the money they are borrowing from the taxpayers. And what do we get for this transaction? Long term debt enslavement of our country. We get to pay back to the banks trillions of dollars ($700 billion with compounded interest) and the banks give us their bad debt which they cull from everywhere in the world.
Who could turn down a deal like this? I did.
The globalization of the debt puts the United States in the position that in order to repay the money that we borrow from the banks (for the banks) we could be forced to accept International Monetary Fund dictates which involve cutting health, social security benefits and all other social spending in addition to reducing wages and exploiting our natural resources. This inevitably leads to a loss of economic, social and political freedom.
Under the failed $700 billion bailout plan, Wall Street's profits are Wall Street's profits and Wall Street's losses are the taxpayers' losses. Profits are capitalized. Losses are socialized.
We are at a teachable moment on matters of money and finance. In the coming days and weeks, I will share with you thoughts about what can be done to take us not just in a new direction, but in a new direction which is just.
Thank you,

Dennis
www.Kucinich.us
216-252-9000 877-933-6647"
  • #49
  • Sep 30, 2008 4:13pm Sep 30, 2008 4:13pm
Bubbles.

[quote=SamuelOnline;2251519]Well...obviously I am not wrong...because this is a public statistic from this research agency above (Rasmussen)

You are located in United States, so you can perfectly confirm it youself! :nerd:

I supose that you are included on these 32% that disagree with this financial rescue!

Err, 32% disagree? What have you been smoking. Claim is 100-1 against my man:

http://news.yahoo.com/s/ap/20080926/...ncial_meltdown
  • #50
  • Sep 30, 2008 4:14pm Sep 30, 2008 4:14pm
Quoting SamuelOnline
Yeah...good example!

You are acting like your politicians in Washington, D.C when your economy and all world is destroyed!

Nice example...continue...we are watching your theatre!


wow. yes. but im pretty sure you meant comeback not example.

so let me get one thing stratight, since i presented a legitimate arguement that didnt agree with what you believed and there happened to be things in that argument that you didnt like, im a five year old politician? so im guessing in order to be a real adult i have to act like you right:

i is be a well american year five old children. me is be destroyed us economy. all u else is losers. you is be a five year old. you is be a dumb politician!!!!!!

haha. sounds like a true adult to me. (see THAT is an example)

you freakin gypsy.
  • #51
  • Sep 30, 2008 4:26pm Sep 30, 2008 4:26pm
I am being bombarded by Pentagon (hey Bush...I am trying to help you )...a lot of U.S members...and only U.S members here on this forum...trying to show some sense in favor of United States!

Well...let see whatīs will happen...whatīs direction will get this financial disaster, so we will see who is right here!
  • #52
  • Sep 30, 2008 4:43pm Sep 30, 2008 4:43pm
Yes, nationalism is one of the best weapons against reason, logic, and individualism. The government has done a number on you!

Quoting SamuelOnline
I am being bombarded by Pentagon (hey Bush...I am trying to help you )...a lot of U.S members...and only U.S members here on this forum...trying to show some sense in favor of United States!

Well...let see whatīs will happen...whatīs direction will get this financial disaster, so we will see who is right here!
  • #53
  • Sep 30, 2008 4:47pm Sep 30, 2008 4:47pm
If the bailout doesn't pass equities will fall significantly and the dollar should get very strong due to the deflation of equities and real estate. Homeowners will default on interest only loans at the fastest pace in history if this bailout is not passed.
Dollar deflation will be nearly instant.
Oil will drop to at least $60/bbl.
Healthy banks will buy up foreclosures for pennies and make a killing.
Warren Buffett will be twice as wealthy as Bill Gates in a year's time.

A few of these predictions are nothing more than musings.
It really is that easy.
  • #54
  • Sep 30, 2008 6:04pm Sep 30, 2008 6:04pm
I prefer the bush cut…. Too much bush leads to grow parasites in the area
  • #55
  • Sep 30, 2008 6:16pm Sep 30, 2008 6:16pm
Mr. Bush, beware if you push the Congress too Hard you may end up Shitting your Pants...
Having the actual situation I want to point out something that is relevant to our existence but is often downgraded or overlooked… The culture.
  • #56
  • Oct 2, 2008 12:53am Oct 2, 2008 12:53am
Senate passes the bill with ease! Oh yeah baby !
  • #57
  • Oct 2, 2008 2:46am Oct 2, 2008 2:46am
Well...independently of all that I said above, I believe that USA will turn this adversity in a victory under all angles, because as the first country in all world with a first writen constitution, where is guaranteed the life, the freedom and happiness (everyone on your own private way, in accordance with the all constituted laws, with the true Democracy, where the United States is the most strong representative around all world) and this free government (independent of who are the current President) where, independently of many mistakes around all history, but, still is the strongest representative of Democracy e Freedom around all world...independently for who agree or disagree with it...but...this is the truth!

Obviously, anyone know that this probably financial rescue (we will see later if really will be approved...because I am a little worried with these 25 senators against this rescue, voted on Congress! This can seriously reflect on next step...) never will solve more than 20%-30% from all problems aggravated since September (due this big delay...I am sure that it would be solved if Mr. Paulson had offered some help to Lehman Brothers too)...

...however, really I believe that will help all global economy anyway, because USA is the reference for all world...and all world need to see some positive result from U.S economy, before recovering its normal activities...and I hope that this trust will come back again...in steps...after this October 02, 2008!

Independently of what will happen from today...if this financial rescue will help or not all global economy (also if it will be approved or not...), but, it will not destroy all world, because if we have money or not...existing or not a financial system...still we will have our life, our determination and the God of sky to help us, from all world, to rebuild a new world, a new financial system, a new economy!

Insīt the end of the world!

Anyway, I apologize (for any U.S citizen here, accepting or not, but, the most important is that I am posting this message here), with all sincerity, that this discussion above has turned in some personal attacks and offences here, because was not my true intention!

Well...waiting for what will happen on next hours...on next days with our dear global financial system!

God Bless all us!
  • #58
  • Oct 2, 2008 8:04am Oct 2, 2008 8:04am
Quoting SamuelOnline
Well...independently of all that I said above, I believe that USA will turn this adversity in a victory under all angles, because as the first country in all world with a first writen constitution, where is guaranteed the life, the freedom and happiness (everyone on your own private way, in accordance with the all constituted laws, with the true Democracy, where the United States is the most strong representative around all world) and this free government (independent of who are the current President) where, independently of many mistakes around all history, but, still is the strongest representative of Democracy e Freedom around all world...independently for who agree or disagree with it...but...this is the truth!
Are you auditioning for citizenship?
  • #59
  • Oct 2, 2008 8:43am Oct 2, 2008 8:43am
Think about it! we are all going to feel the effects of this bail out. the Credit companies will be tighter on handing out credit. more and more people will not be able to get loans for things... less money will be spent (even if it was on credit before it was still being spent). We are heading down a bad path.

People always say its a few bad apples that ruin it for the rest of us...well what happens when its not a few bad apples and its the entire tree?


We are all going to be feeling this no matter how you look at it.

Good luck to all!
M4X............ Hedging My Way To Profits!
  • #60
  • Oct 2, 2008 8:51am Oct 2, 2008 8:51am
Quoting Dopey
Are you auditioning for citizenship?
Well, I have visited USA sometimes, where I bought a small property and currently this is rented for Brazilians, but, my own citizenship (proud to be a genuine Brazilian) and my residence permit in Israel is more than sufficient, but, thank you for your offer!

Already exist about 1.5 milions of Brazilians in your country!

If you are a Bushīs daughter and want to give me this citizenship as a gift, after a big kiss on your big mouth, obviously this will be very Welcome!

Note: of course...if really you are a girl, because on heart, I am Republican and I am against gay marriage (with due respect to all gays here...because this is just my personal opinion)
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