Skip to comments.We're missing what's going on in Europe
Posted on 09/15/2011 3:20:36 PM PDT by PieterCasparzen
We're missing the story of what's going on in Europe.
Timmy Geithner is making trips over there.
European banks are collapsing.
The U.S. government is getting involved in helping European banks and central banks.
This is where the Fed is used completely unconstitutionally. The Fed is audited. But this activity with other central banks is not known in detail until long after the fact.
That means the U.S. government is throwing money around without Congressional approval.
This is government overstepping it's bounds.
That's why the Fed was set up as being outside the strict definition what constitutes the U.S. government, so it would not be subject to Congressional approval when lending money internationally.
It only works if the other countries have responsible leadership and we don't experience significant losses so there is no loss passed on to the U.S. taxpayer, and alls well that ends well. If there is such a loss, we have de facto government spending - without specific Congressional approval.
TV and Internet are telling very little of what's going on, IMHO; some are unaware, some are vamping.
you are spot on
People know what is going on. Just look at the Stock Market. It is abreast of these fluctuations in European stability minute by minute. Promises of more propping up sent it up this morning. People are aware over here, they just don't care. If you haven't noticed, our economy happens to be in the sewer at the moment with more bad news still to come.
So much so that the republican party apparently can't decide whether to poop or wind their watch, so to speak. Its hard to know where to begin to address all of it, but somebody had better start.
Welcome to the new world order.
LONDON (AP) -- Five central banks acted Thursday to shore up confidence in Europe's financial system by giving its banks far greater access to U.S. dollars.
The move buys time for banks that hold large amounts of debt issued by Greece and other financially troubled European countries. Some of these banks have had trouble paying for daily operations because other banks have refused to lend to them any more.
Under Thursday's action, the banks can borrow unlimited dollars for three months, up from the current one-week limit.
First bank bailout we sent hundreds of billions to Euro banks already. I think a lot of people here are aware we’ve already bailed them out once already with our TARP/Stimulus I.
Is there such a thing as a banker/narcoTrafficker/arms smuggler?
I should have been one of THOSE, I think.
Then I’d be super successful and respectable, apparently.
Ron Paul should be tracking this and talking about it. He’s heading up the committee that oversees the Fed.
I’m pretty sure the US and China are in competition to bail out the European countries and both have requirements they want to see enacted in the deal with the devil.
The Obama Administration will want European nations to lose their governments in submission to a European Federal government but without a constitution like the US has. I imagine China wants the same. (As you know, the difference between Marxism and socialism is that socialism dreams of centrally controlling the rule, wealth and thought of a Nation and Marxists dream of centrally controlling the wealth of the globe. Obama is a Marxist and so is China. I think most leaders of European nations are socialist but they are about to be absorbed into a scheme of Marxism.)
The winner of the competition to bail out European nations will be the next global power for a time. The US does not want to give global leadership over the China. The US will be isolated from it’s allies in Europe if china does the bail out. He who pays the piper picks the tunes.
We are also missing, bigtime, the Fed and the CFPB story.
Why turn over the complete, all encompassing financial life of every citizen to such a supranational functioning corporation with such biased interests and concerns? The CFPB is completely funded (bought and paid for) by the Fed and so escapes Congressional scrutiny in all but existential threats to the monetary system.
The CFPB has unlimited rule making powers, thus disenfranchising the voting public from representative action in their behalf by Congress. A Director is not yet confirmed by the Senate. May he remain so until the Dodd/Frank act and the CFPB can be repealed.
Obamacare’s 157 bureaucracies are to be integrated by the Director into the CFPB along with the DHS, IRS, etc. It will be the biggest abdication of Congressional responsibility ever in the eyes of US History with complete management, control, data collection and financial behavior manipulation as the object. The entire population of the US is outsourced to the Fed Res for management and control. Think about this too.
CFPB is the Consumer Financial “Protection” Bureau.
This. Exactly correct.
The truth of the matter is, if these European governments (most notably Germany and France) along with the US had their/our way they'd bail out Greece entirely if they had to. They are desperate to keep Greece from defaulting and will do anything to stop it, even though their/our populations completely oppose bailing out whole nations. The thing is, the irresponsible Greeks are on to the game. Greece, oddly enough, find themselves in something of the drivers seat because they know they are considered too big to fail. With that in mind the Greeks don't really have to be as serious as necessary to get their out of control spending under control. Of course Spain, Italy and others have figured this out too.
And guess who’s going to pay for the new Palestinian state? Their safety guaranteed by the US, education, infrastructure, God knows how many billions a year down the rathole and into Swiss bank accounts with Arab names on them. How about we drill our own oil and stop trying to bring the Middle East into the twenty first century. Oh, and we’ll have to sign a pledge to protect Palestine from that mean old Israel even if it takes US boots on the ground, a standing army. They were on NPR several years ago, the Palestinian lobby, demanding all this and more. The road to hell is paved with good intentions.
Geithner went to Poland a couple of days ago.
He was laughed at like in China.
NO reporting by the obamamedia on this.
Eric Cantor was just on CNBC. He was asked about a bailout of Europe. He did not answer the question with a direct answer.
It’s going to come anyway. Why pour more money down a rat hole.
BTTT for the biggest TRUTH of the day.
I about sh** my pants.
This is where I get back to “originalism”. People often bemoan Alexander Hamilton as wrong for wanting a national government that paid what it owed, the beginnings of a modern financial system, etc.
When we look at what things have turned into, and then go back to primary documents from AH and look at the original principles and goals, the train having left the rails is unmistakable.
What the Founders were pursuing was responsibility, good stewardship and national sovereignty.
The opposite direction of where we’re headed.
This is treasonous. If European banks borrow and default, America can be destroyed without ever setting foot on our soil. Perhaps that’s the plan.
The lawyer on Breaking Bad is the guy for one stop shopping.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.