Skip to comments.The Con of the Decade
Posted on 07/10/2010 9:48:52 PM PDT by delapaz
Since the Federal government could potentially inflate away these trillions in Treasuries, buy enough elected officials to force austerity so inflation remains tame. In essence, these private banks and corporations now own the revenue stream of the Federal government and its taxpayers. Neat con, and the marks will never understand how "saving our financial system" led to their servitude to the very interests they bailed out.
The circle is now complete: in "saving our financial system," the public borrowed trillions and transferred the money to private Power Elites, who then buy the public debt with the money swindled out of the taxpayer. Then the taxpayers transfer more wealth every year to the Power Elites/Plutocracy in the form of interest on the Treasury debt. The Power Elites will own the debt that was taken on to bail them out of bad private bets: this is the culmination of privatized gains, socialized risk.
In effect, it's a Third World/colonial scam on a gigantic scale: plunder the public treasury, then buy the debt which was borrowed and transferred to your pockets. You are buying the country with money you borrowed from its taxpayers. No despot could do better.
(Excerpt) Read more at oftwominds.com ...
The Con of the Century would have been much more accurate. It is sad but definitely worth reading... I am not a conspiracy theorist but the whole bailout scheme reeks of conspiracy and George Soros making profits out of the whole mess really stinks.
Dumb question but I will go ahead. What would prevent the Fed from simply dumping the money into the stock market and becoming the major shareholder in each and every publicly traded company?
Games within games within games. We need to knock over the board and force everyone to start from scratch.
‘You are buying the country with money you borrowed from its taxpayers.’
Worse still, the People’s Republic of China is buying up the US in just this way.
In which low income people who got free houses by defaulting on mortgages they never should have qualified for are re-labeled “Power Elites” and held up as bogeymen for you to fear by means of a slight-of-hand trick performed by an idiot who didn’t himself know that’s what he was doing.
Why own what you already control?
Control is the lever of power, not ownership and attendant responsibility/liability.
G W Bush laid the foundation for this, and executed the transition manuaver just prior to leaving office! IMHO
BUSH and NWO are kissing cousins IMHO
I have questioned this for years. Am I off-base?
How do you know they are not doing this now? It’s not like there is ever an audit or anything.
Err, what? This guy needs to check his sources. The tower was built for the 1889 Universal Exhibition. That's a tad early for radio, or any kind of wireless.
When facing reality seems like paranoia, fear is legitimate and justified.
The link goes to the website but not the article.
A second article is also available which completes the scheme.
I don’t know enough to make a meaningful comment but it does seem that something is wrong about what is going on.
I don’t think Bush knew enough to understand what was happening and was in a panic. Remember he returned to DC during the campaign and Obo didn’t. That’s always seemed interesting.
Property is a pretty good indicator of control.
Look, the Commies think they are redistributing wealth? I'd hate to be in the shoes of those who are only getting the redistributed part.
Republicans who think they are getting the shaft aren't working hard enough to change their own minds.
America, the Land of Opportunity, get on the control side.
Answer: Why pay for something you already have, and if you want more, you can get it for free?
The government already controls virtually aspect of virtually every company in some form or fashion. Begin with the tax code. Throw in employment, environmental, health, safety, product liability, zoning, licensing, certification, and other assorted regulations. Guess what ... you're there.
If all that's not enough, the government can direct the actions of institutional holders (i.e. pension funds, banks, insurance companies, universities, etc.) that own vast blocks (in many instances even controlling interest) in publicly traded companies.
And if all that's still not enough, the government can simply pass a law and take over, say, health care, insurance, banking, and auto industries.
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