The culmination of activity last week in Congress, heretofore known as “The Week”, started winding down (or up, if you’re still optimistic) around 12:30AM on Sunday, September 28, 2008.
Under Cover of Darkness.
This legislation to bail out Wall Street Moguls is sheer insanity in the making, and it’s happening right in front of our very eyes….at least as much as we’re allowed to see. Late night meetings with lobbyists and politicians. Midnight sessions. False, arbitrary deadlines. Rush to judgment. Pressures abound. Gloom and doom are predicted.
We expect that legislation costing SEVEN HUNDRED BILLION DOLLARS that we don’t even HAVE, will be printed and voted on in as little as 24 hours. There will be no opportunity for opinion from those most qualified to render one. There will be no consultation of the country’s experts.
There will be NO explanation or consultation to the US Taxpayer. It will just happen. We MUST remember.
The Week In Review
Wall Street suffers huge losses in the artificially-created downturn in our economy. Credit markets, those things that exist but you cannot see or touch or hold or even permitted to KNOW about, dry up.
Co-Conspirators Henry Paulson, US Treasury Secretary (and former Goldman Sachs CEO), and Ben Shalom Bernanke, Chairman of the Board of Governors of the United States Federal Reserve (and Harvard Alumni), decided that a cash infusion was needed to prevent further decay of the credit markets and bolster investor confidence.
What they proposed was, in terms even The Little Princess can understand, this:
- $700 billion taxpayer dollars (that we do not have) would be spent by people over whom there would be no oversight, no obligation to follow any guidelines about spending this money, and the revocation of ANY court authority over them.
Let’s review that last little tidbit: NO LEGAL OR JUDICIAL AUTHORITY over the disbursement of this money.
They don’t want you watching or reviewing the expenditure of this money. Period. It’s like your 15 year old son asking you for $1000, no questions asked. It’s like Baby asking her father for $250 in Dirty Dancing! We ALL know how badly THAT turned out! Are we not paying attention to anything here?!?
Paulson and Bernanke want to make a down payment on a back-alley abortion of the United States in America. And like Baby, they don’t want Daddy knowing anything about it.
A1ll this coming from the disruptive kids in class who STARTED the whole mess in the first place.
The Economic Stimulus Package
Brought to you by the wisdom we saw earlier this year, the ECONOMIC STIMULUS PACKAGE! If you missed that, and I do admit it was happening, at least in part, by American Idol….so I understand if you missed the details on it, here’s what we did to ‘solve’ the problem of higher prices and lower spending:
We gave every breathing US Citizen $300. Each.
YES, yes, it’s a little more complex than all that. I know. I’ve written VOLUMES on how it works, the little details everyone missed, and how it was just another red hot poker up the ass of the Taxpayers. The bottom line impact to the average wage-earner is that he got a check (or, if he’s a complete imbecile and linked directly with the IRS to access your checking account – like they can’t do that easily enough as it is), for $300 to, they wanted, go spend.
Only problem is, folks, we’re broke. We’ve BEEN broke. Every time we spend another DIME, as a Government, it’s money we’re borrowing from Dr. Bernanke’s friends and shareholders. Very rich foreign folks. Banks. Other very wealthy investors. It’s true. Go look it up.
That’s the “Little Princess” version of what happens when some moron on Capital Hill orders a pizza and charges it to his Congressional bank account. We take out another LOAN from The Federal Reserve (a private banking consortium and not an agency of the US Government NOR owned by the US Taxpayer), for the $29.99 Papa John’s special. Plus tip. Another couple of bucks YOU, I, and EVERYONE YOU KNOW now ‘owes’ Dr. Bernanke’s friends. So you’ll have to remember that when you go to work, a good part of it goes directly towards paying your share of some moron’s lunch tab.
Your Very Own Federal Reserve Bank Visa Card
So, to restate this in terms everyone can understand, look at the Economic Stimulus Package this way:
The US Government (which we are supposed to control) sent everyone a Federal Reserve Bank Visa Card with a $300.00 limit on it. Difference with this credit card is that it starts charging interest on the whole credit limit whether you spent that money or you didn’t. If you still have that money in your pocket, good for you.
Most people spent this money on utter bullshit. New cars. iPods. People went on vacation. Transvestites bought new outfits. Some people spent the entire check on dope. Now before you start bitching at the guy who used it to buy dope, think about this: not a dime of THAT fucking transaction was, um, TAXED.
See, the goods you bought were taxed. And you paid sales tax on it. If you bought gas with it, you were taxed again, out the ass for it.
So, you just paid tax on the money you’ve borrowed on the Federal Reserve Bank Visa Card. Tax money which goes to….well, damn. All kinds of stuff. Like an entire agency devoted to making sure the taxes they levy get collected. Like paying people to sit up late at night and draft legislation to spend more tax dollars…and for the pizza they ate while doing it.
Has your head exploded yet? If not, just think about this: that damned dealer the guy bought the dope from? He used THAT money to pay his back taxes so he could get HIS $300 stimulus check.
All the while, the interest clock ticks on that $300. And we haven’t made any payments on it since you got the money. Not one. Do that to Bank of America, and they’re going to reach through the phone and rip your nuts off. Capital ONE will engage in Capital Murder to get that payment every month, and you know it.
But don’t be mistaken. The Bank of the Federal Reserve collects 700 billion times worse than either Bank of America or Capital ONE. They just force the Government to pay them, by borrowing more from them.
Yes, folks. We’ve been making the payments on your Economic Stimulus Package Federal Reserve Bank Visa Card WITH…….you guessed it. Our Gold Federal Reserve Bank MASTERCARD!
Uh huh. We are paying our Visa bill with our Mastercard.
Unless I’m mistaken, folks, I think you can rush to the polls right now and vote for somebody who actually plans to increase your own personal credit limit on that Economic Stimulus Federal Reserve Bank Visa Card!
The Iceman Cometh…at night.
Now, people, if we allow the credit markets to dry up……they might just put a limit on our Mastercard. That would be fucked up. Seriously. Because when you are living on your credit cards, and you run out of credit cards to pay the other credit cards with……and no source spendable cash EXCEPT those credit cards…….you end up major-leage fucked.
Sooner or later, the man to whom you owe all that money is going to come looking for it. He’s going to take your home, he’s going to take your car. He’s going to sell Aunt Myrtle’s jewelry for you, and he’ll just take THAT money and pay it towards the interest on what you owe him. Just the interest.
Sooner or later, he’s going to want everything, and succeed in taking damn near everything. When there’s nothing more to take, he’ll take your children. Send them to foreign lands to kill the children of those lands, whose parents are also indebted to the same creditors.
He will make you work longer, harder, and for less spending power than you had yesterday. Tomorrow, you’ll work again, and work harder for less than the day before. Day, after day, after day, after day.
(Anybody feeling like Winston Smith these days? I know I sure am.)
Right now, he only wants $700 billion.
He wants it, and he’s going to get it, primarily because those who hold the power to just say NO have a lot more to lose than you or I. By all accounts, he’s going to get it like a thief in the night…..he’ll have it even before we know it’s gone.
So…..when do YOU hit the point where YOU decide YOU’RE just not going to pay anymore?
In truth, I am,
Filed under: biden, commentary, Constitutional Rights, Corporate Media, Criminals in Government, democrats, economics, election, federal reserve, martial law, mccain, news, NWO, obama, palin, Politics, republicans, truthers, Wall Street | Tagged: bailout, bernanke, credit, economy, federal reserve, irs, paulson, Politics, taxpayers, treasury, Wall Street |