"The refusal of king George III to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators was probably the prime cause of the revolution." Benjamin Franklin, Founding Father.

"The real truth of the matter is that a financial element in the large centers has owned the government since the days of Andrew Jackson." Franklin D. Roosevelt, 1933

That's right, Andrew Jackson killed the Central BANK currently known as The Federal Reserve, but banking cartel came back when Woodrow Wilson took office. Look it up, maybe we can figure a way out of this freaking mess!

The central bank, or Federal Reserve, does not simply supply the governments money, it loans it at interest.

The central bank, or Federal Reserve, regulates the value of the currency being issued.

"I believe that banking institutions are more dangerous than standing armies ... if the American people ever allow private banks to control the issue of currency ... the banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered." -- Thomas Jefferson

"If you want to remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nations credit." -- Sir Josiah Stamp, 1880-1941

Dominate Banking Families:
J.D. Rockefeller, J.P. Morgan, Paul Warburg, Baron Rothschild.

"The Morgan interests took advantage ... to precipitate the panic [of 1907] guiding it shrewdly as it progressed." -- Fredrik Allen, Life Magazine.

Congressional investigation, lead by Nelson Aldrich, who had intimate ties to the banking cartels and later became part of the Rockefeller family through marriage. The Commission, lead by Aldrich, recommended a central bank be implemented, so a panic like 1907 could never happen again.

The Federal Reserve ACT was written by bankers. Woodrow Wilson promised to sign it into law in return for campaign support. Later Woodrow Wilson wrote in regret, "[Our] Great Industrial Nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men ... who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No government by free opinion. No longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominate men."

Congress Louis McFadden expressed the truth after the passage of the bill, "A world banking system was being set up here ... a superstate controlled by international bankers ... acting together to enslave the world for their own pleasure. The Fed has usurped the government."

From 1914-1919, The Federal Reserve increased the money supply by nearly 100%, resulting in extensive loans to small banks and the public. Then, in 1920, the FED called in mass percentages of the outstanding money supply, thus requiring the supporting banks to call in huge numbers of loans and just like 1907, bank runs, bankruptcy and collapse occurred. 5400 Banks went down.

Congressman Charles Lindbergh stepped up and said in 1921, "Under the Federal Reserve Act, panics are scientifically created. The present of panic is the first scientifically created one, worked out as we figure a mathematical equation." That was just a warm-up.

From 1921-1929, the FED increased the money supply by 62%, resulting once again in extensive loans to the public and banks. The new type of loan was called a "margin loan" in the stock market. 10% down gets 100% control of the stock. The catch was at any time the loan could be called in. A 24 hour margin call could occur at any time.

A few months before October 1929, J.D. Rockefeller and other insiders quietly exited the market. Then on October 24th 1929, the New York financiers who furnished the margin loans started calling them in, in mass. Instantaneous massive sell off in market, everyone had to cover the margin loans. It then triggered mass bank runs for the same reason, callapsing 16 thousand banks, enabling conspiring international bankers to not only buy up rival banks at a discount, but to also buy up whole corporations at pennies on the dollar. It was the greatest robbery in American history. Rather than expanding the money supply to recover from this economic collapse, the FED actually contracted it, fueling one of the largest depressions in history.

Once again outraged, Congressman Louis McFadden, a long time opponent of banking cartels, began bringing impeachment proceedings against the Federal Reserve Board. Saying of the crash and depression, "It was a carefully contrived occurrance. International bankers sought to bring about a condition of despair, so that they might emerge the rulers of us all." Not surprisingly, after two assassination attempts, McFadden was poisoned at a banquet before he could push for impeachment.

The Federal Reserve has the power to regulate the money supply and it's value, which gives it the power to bring entire economies to it's knees.

"Give me control of a nation's money supply and I care not who makes it's laws." -- Mayer Amschel Rothschild, Found of Rothschild Banking Dynasty.

The Federal Reserve is a private corporation. It makes it's own policies and is under no regulation by the government. It is a private bank that loans all the currency, at interest, to the government.

Our country sought escape from this during the American Revolutionary war!

Nearly all the illegal income tax goes to the FED to pay interest on the fraudulently produced currency! "If you ... examined [the 16th Amendment] carefully, you would find that a sufficient number of states never ratified that amendment." -- U.S. District Court Judge James C. Fox 2003.

There is no law in existence that requires you to pay the federal income tax. period.

The next tool for profit and control is WAR! WWI, WWII, Vietnam, Iraq, and Afghanistan.

WWI: "The large banking interests were deeply interested in the world war, because of the wide opportunities for large profits." -- William Jennings Bryan, Secretary of State.

The most lucrative opportunity of the banking cartels is war, for it forces the country to borrow even more money from the Federal Reserve, at interest.

Woodrow Wilson's top advisor and mentor was Colonel Edward House, a man with intimate connections with international bankers, who wanted in the war.

In a documented conversation between Colonel House and Sir Edward Grey, foreign secretary of england, regarding how to get america in the war:

Sir Edward Grey, "What will Americans do if Germans sink an ocean liner with american passengers on board?"

Colonel House, " I believe that a flame of indignation would sweep the United States and that by itself would be sufficient to carry us into war."

I bet you can connect nearly all wars to the greedy bankers on Wall Street. They make double money because they loan money to both sides!

All the Federal Reserve and the Banking Cartel on Wall Street gives us is perpetual debt and wars!!!

"Once again Bush shrinks slinks into the background."

Fixed

p-p-p-p-p-paulson!

liberalNmoderation Says: 700 billion?
All weekend I was hearing something about 2 trillion….apparently…I have missed something.

The $700 million is the initial package. The $1.5 to $2 trillion number you are hearing are estimates as to what the entire cost of the debacle might be. This includes additional financial service firm failures, interest expense and the usual "sundries'.

Goldman is already knocking on the door for help. Citibank will probably be next.

The REAL story and one that was literally over looked, and appeared on C&L is that the governent has now put the U.S. taxpayer on the hook to bail out FOREIGN firms.

If you oppose a government of, by and for the banks...
Vote "No" to the Bailout legislation!

http://www.votenobailout.org

Demand that the Bailout Legislation Be Rejected

Proposal:

"DECISIONS BY THE SECRETARY... ARE NON-REVIEWABLE ... AND MAY NOT BE
REVIEWED BY ANY COURT OF LAW OR ANY ADMINISTRATIVE AGENCY"

Counter proposal:

Resign.

Ham at #2.. Thank You.

As a Canadian with investments in the U.S., I strongly urge this bailout. In fact, I suggest the cost to the U.S. taxpayer be doubled, or even tripled. It's all good, from where I sit.

Examine Ralph Nader's 10 proposals.

Compare and contrast with "conventional Wisdom."

Or Obama.

Which of Nader's proposals hurts the people?

None? then why cannot Dodd, or Obama, or Biden or anyfuukin body in the DIM party enunciate them?

Hint: Financial institutions have contributed over $300 MILLION to either party over the last three election cycles...

I'm beginning to think this unprecedented raid on the nation's Treasury was the whole point of the Arbusto "presidency."
Between Iraq war profiteering to the "housing boom," and willful bust, a select few people seem to have made out like bandits here (assuming the Paulson plan gets pushed through).

I am seriously starting to re-think everything I think I believe about all the other conspiracy theories.

Orangutan. @ 14:

Ham at #2.. Thank You.

Let me second that. We all need a good history lesson of how we got into this mess. It was very eye-opening.

Furthermore, it also speaks in volumes when the Lady de Rothschild gave her money and her support to the McPOW and his minions.

Actually, the idea to let this 'burn' is a good one.

Markets are self-correcting, right? So let them self-correct.

This is a perfect chance to let the theory walk the walk. If the problem goes away (after this one massive burn) and never reappears, great. The pain of bank collapse every twenty years will have ended. If it doesn't, free market theory will have been tested, marked down as conceptually bankrupt, and bank regulation will reign free in the future. And again -- the pain of bank collapse every twenty years will have ended.

Either way, we win. So let this thing crash and burn, and let's see a new and sane Phoenix rise from the ashes.

It's undeniable that the proverbial shit has hit the fan economically speaking. George W. Bush is a failure (read the polls). Now close your eyes and imagine: President John McCain. (Shudder.) Now go one better and imagine President Sarah Palin! (Visible shaking!)

I'm sorry. I made myself sick. I have to go lie down.

We need to get on our computers, snail mail, telephones and what ever else you may have to make contact with your elected officials, to inform them that we are not stupid.

It is a dam shame they continue to keep bailing out all these disgusting, lying cheating corporations, that are doing nothing but stealing from the people of this country.

No one has to explain how all these corporations are going under. All they have to do is mess up the books and create a situation of disarray, and incompetence and they are on their way to fortunes, they never dreamed they would come into.

Instead of prosecuting these worthless CEO's, they are actually being rewarded with trillion dollar severance packages, while the employee's are left unemployed and penny less. What the hell is going on?.

They are now attacking Obama because unlike McSain, he did not come out right away with a dame solution to a problem that is so disgustingly screwed up and in a state of massive disarray, no one could intelligently determine what the hell to do, other then those of us with sound mind and are calling for publicly open investigations on these cheap sleazy lying ass Corporate Managers and Bankers, responsible for running this country in the dame ground and taking this entire country under, for reasons of nothing but selfish disgusting greed.

They are doing the same dame thing as those lunatics in these oil Corporations and all these private Bush contractors. They are now piling up on the big bucks because they know that old disgusting foll McCain and that sleazy floozy, he calls his VP and her first so called Dude, will never set foot in the White House.

Come on folks Rupert Murdock owns the dame Stock Market and the Media. They allowed this old fat ass bastard to buy up this country. We want investigations that will lead to the prosecution of these cheap liars. Period.

To be Continued

What's horrifying is that, despite zero percent (!?) of the population thinking the economy is doing okay, seventeen percent have still managed to convince themselves that Bush is doing a good job with the economy. Can any one of us even begin to imagine the truly heroic measure of self-delusion necessary to balance those two thoughts simultaneously in the same tortured brain? It's almost admirable, in a weird way.

These are the people who go through life saying, "I know I'm going to win the lottery. I just have to want it more than anyone else!"

Geraldo@16
No actually you should be very worried.....neighbor. If the situtation necessiates these nasty, cut throat bastards might annex you fuckers.

P.D. Says: Dow down 320 points. Wonder how low it will go.

No one knows. THAT is the great unknown.

Welcome to the free market. Let freedom reign.

StCyrlyMe2 @ 28:

Exactly. It's about time that Americans start to roast these fools. I'm sick of these crooks pocketing the money of the tax-payers and getting away with it. They even have the audacity to flaunt this simple fact in our faces!

That's why I call this entire point in political history a freak show at its finest.

so let me get this right phil gramm said americans
are 'whiners'.......wow. NOW the fiscally responsible
party is asking for a 'bailout' and quickly i might add.
i say slow this 'bailout' make sure we get it right or
the best we can. this wil be an issue for a couple decades.

roseyv @ 30:

These are the people who go through life saying, "I know I'm going to win the lottery. I just have to want it more than anyone else!"

I actually know a guy like that. Ardent Limbaugh listener and everything. Tried to convince me that Obama was a muslim and everything...

He actually won 500$ in the state lottery, which he has played every day for the last few years. He then blew his money on... you guessed it... more lottery tickets.

People are entitled to their opinions, but doing something really stupid for no apparent reason because you *believe* it with no tangible reasoning or proof is a little crazy.

pop @ 31:

Ahhhhhh. Right. Duh on my part. Too bad we can't get someone else to bail them out instead in exchange for some confessions. Say, Oprah or Trump? Imagine the fallout.

Paulson has admitted he doesn't know if it will work. Is that where you start when you are trying to convince someone to do something this big and this unusual? Is it any wonder that everyone is questioning this?

The argument being that by doing this they will open up banks to be confident to make loans. Maybe that's the problem, maybe too many people are living on loans. Next will come the problem of credit card debts not being paid and then what about car loans? How long do the bailouts continue and to whom?

Or:

w's proposal:

"DECISIONS BY THE SECRETARY... ARE NON-REVIEWABLE ... AND MAY NOT BE
REVIEWED BY ANY COURT OF LAW OR ANY ADMINISTRATIVE AGENCY"

Dems counter proposal:

Unacceptable power grab. Resign and we will try to fix your mess.

Why accept these people's numbers in the first place?

They are, by definition, self serving.

if the bad mortgages are assumed by the gubmint, instead of giving it to the banks, does it make all the loans good and then does it clean up the CDS mess as well?

Joseph Palmer @ 45:

This is not an economic crisis. This is the normal, expected end stage of the disease known as Republican economics.

True enough, it's been mapped and predicted since Regan.

Senator Leahy: "If We Learned Anything From 9/11, The Biggest Mistake Is To Pass Anything They Ask For Just Because It's An Emergency"

you wish people to suffer for partisan reasons? really lame...

@54,@55, Let's hope the Dems have balls to do the right thing. Bush wants a blank check. NO FRIGGIN WAY!

oh really @ 3:

How stupid are Republicans?

46% approve of the way George W. Bush is handling the economy.

Speechless.

That 46 % looks like mighty familiar. Looks like the same dumbasses that support Mccain. It's not 2% because they know McCain=Bush. So now they'll defend W.
This ain't a god damn fantasy football game people. It's our country.

Vote wisely:
Obama/Biden 08 - grown-ups for change.

A radical approach:

1) Elect Barack Obama. (to begin to fix our national mess)

2) Destroy the Republican party. (so it never happens again)

Change, I personally, can believe in.

What is with "constitution voters" and facial hair???

The Dems have been set up again. If they fight some of the provisions in this thing, they will be accused of not trying to help the American economy and the American people. They will say the Dems are playing politics with a most serious issue. And yes, they may even ask why Dems hate America. Watch and see.

"part of me wants to let it burn" I sometimes feel the same way.

I don't know why I should be surprised that the guy with the keys to the U.S. Treasury had to sell 500 million dollars worth of of Goldman Sachs stock when he took the Treasury Job and is now repeating "it pains me" that the American public is being left holding the bag. If Paulson really cared about the American taxpayer he would not have waited until last Friday to scream "quickly quickly, this bailout needs to happen quickly" Paulson is so concerned (choke)about the American taxpayer that he wants to push this bailout through "quickly" with no protections for taxpayers and no accountability for the Wall Street Welfare kings and queens.

Talk about a case of the fox guarding the hen house. The American taxpayers are about to be plucked!

Uppity Blue Lensman @ 64:

What is with "constitution voters" and facial hair???

That Constitution voter with the parrot is always there. Most parrot owners I've known were always a little bit crazy.

ABOLISH The Federal Reserve... http://video.google.com/videoplay?docid=-1656880303867390173

Left&Left @ 32:

Geraldo@16
No actually you should be very worried.....neighbor. If the situtation necessiates these nasty, cut throat bastards might annex you fuckers.

We call that 'liberation', not 'annexation'.

JudyLou @ 75:

Please get off Bushie's case. He's trying to finish "My Pet Goat" before his term is up. Sheesh!!!!!!

He can take the book with him back to Crawford if he will just leave now and take his buddies with him.

Part of me also wants this to burn too, but there are serious ramifications to that:

1. Think of the 401k monies tied up in the market, of how much they've deteriorated already. I've never been a fan of the 401k; it was invented to take the focus off of pension plans and to allow them to die an unnoticed death. Let taxpayers fund their own pensions in the casino called the stock market. Pitiful.

2. Many seniors have their monies in what they considered to be secure money market accounts and money market funds. They were told that these financial instruments were basically risk-free. Well, their not. Many of them are not backed by the FDIC. The Reserve accounts are money market funds that have had a run on them last week. All funds are frozen. Frozen. The holders of those "risk-free" funds are also taking losses. Imagine taking a loss on your savings account. It is unheard of.

3. Pensions for Government workers have been seriously impacted. The taxpayers will pick up the tab, as these workers have true defined benefit pensions. That means if the Firefighter is guaranteed 80% of his/her salary when he retires, he still gets 80% of his/her salary. If the pension fund lost 50% of its value, then taxpayers will need to replenish this fund. Think additional sales taxes, bonds, etc.

4. The housing market is at a stand-still (as with most other things) until the economy and markets improve due to fear of the unknown or "how much more will I lose in my 401k" before this thing starts to revive.

5. We are part of a world economy. Enough said.

Everyone says the shareholders should take the fall, but WE ARE THE SHAREHOLDERS.

Think about this. There needs to be a thoughtful plan that does not reward the Wall Street risk-takers, but assists those that were scammed by the flim-flam men, which means most Americans.

(and no I am not a Republican)

The Very Bitter Ceci Hussein @ 71:

Nothing has been passed yet. They're still in talks, aren't they?

Follow the link. Reporting they've reached an agreement.

And Nancy Pelosi's in the foto looks like she swallowed...