If anyone doesn't see the power elite at work here...you really need to be put out of your misery
The first thing they do is to do away with the Goldman Sachs main competition, Lehman Brothers and Bear Stearns. It looks like JPMorgan is in the loop cause it has recent windfalls too.
http://news.yahoo.com/s/time/20090717/u … 9191105600
Morgan made off like a bandit after the 1929 collapse as well.
Oh this is magnificent.
I've never seen it explained so simply.
I saw this when it aired. I know I'm becoming an old, curmudgeonly, conspiracy theorist when I watch something like this and yell "See, I told you so." and I really had.
Yea...this is pretty much old news. But unfortunately most of the Sheeple out there will never see it. And if they do, they will just say that Glenn Beck is a loon. But this has been fact for much longer than most people would be comfortable with knowing about.
Glen Beck rocks. I guess that's why so many people hate him. You know we were warned about the Military, Industrial, Congressional complex decades ago. We should have listened.
So much for "Hope and Change". I've said it for years, the politicians may change but the Great Game goes on.
Maybe the new slogan should be "Hype and Chance." We've got a lot of one and a little of the other.
Is this why the US dollar isn't as bad as it should be? Technically US is sort of bankrupt, well the general public seem to be. I don't understand what's propping up the dollar. Can someone explain that to me so I can understand?
Other countries (ie China) buying the IOU's that the US is issuing.
And the Chinese already have so much money invested in the US, that they probably see the US as being "too big to fail".
Now - where have we heard that before ??
Oh, and also "Quantitative Easing", which is double dutch for switching the currency printing presses to "Full steam ahead".
Countries that trade with the US have had to print money so their currency doesn't rise too much compared to the US dollar. At the last G8 other countries also promised bail out money. Canada promise 50 billion to our banks and even the auto industry, even though there might not be much of an auto industry left here when all this is finished. That's two of the main ways the US dollar is being propped up. Other countries had to print money back when the US printed money to pay for the Vietnam war too.
Here's a petition to Audit the Fed.
Absolutely correct, that's why everyone's currencies have been devalued since before WW II.
How sad! we even lead as a country when we are screwing up everything...that's not exactly the way it is suppose to be working?!!? The Spirit of America is intended to be a guiding light...someone stuck a red light bulb in that socket :C
But... I will never give up, I will never turn back, I will never submit, I will bear the flame of freedom unto the victory!!
http://www.youtube.com/watch?v=1bsACESB … re=related
This Glenn Beck vid includes an interview with Ron Paul and for the first time I've actually heard someone from the hierarchy (congress) want transparency and they want to see the paper trail of the 7 trillion. This is my major question that I've wanted answers to 18 months ago. Why can't the US people get transparency here.
Perhaps this is the push to make it happen. I'm hoping Obama is pressured so much by putting his mouth where his mouth is (not money) and swallow the fact he's been given $1M from Goldman Sachs, and just get the transparency happening.
Watcha recon to that?
Whats amazing about this forum is even Glen Beck's description acknowledes that most of what happened occured under Bush and Paulson.
Also very interesting that Beck got this entire piece from a Rolling Stone article. Here is the link to the Rolling Stone article: http://www.rollingstone.com/politics/st … le_machine
I don't agree with bailing out these huge corporations, but at least lets get the facts right. Of course Goldman Sachs has paid back all the TARP money. Now we just need the AIG money.
Which goes to show that the party doesn't matter. Both parties are beholden to the same group of elites. So your precious Communist President won't save you either.
The reason GS was able to pay back the money, and look like "good guys" in the process is that AIG was made to pay GS with the money it received from the TARP bailout.
Meanwhile GS profits have soared, in large part due to their ability to manipulate the commodities markets. For instance, on July 7th of thi year GS and JP Morgan bank held 32% of the short contracts on silver. 32%!! No company should be allowed to hold as much as 1%.
Paulson got the ball rolling, for sure. The present administration has doubled down or more accurately quadrupled down.
It is great we are all recognizing these things in their many faceted manifestations...now what do we do about it?
Well, for one thing, I am on the bandwagon for Audit of the Fed. Not sure whether I would vote for Ron Paul, but I am on this wagon.
Another thing I have always done, was to not "join" any groups until I spent a lot of time investigating them...even then you never know what you may be involved in, or how that group might "evolve" into something else!
And the top point, is to never trust anyone completely, especially those running government, in education, healthcare or big business. Humans are fallible, so we must always keep our guard up.
I don't consider myself paranoid, just prudent, and getting wiser all the time
For people in government right now, Ron Paul is your best bet. He is what is known as a minarchist, not an anarchist like myself, but I think he's the best bet we have to contain this madness. Even if we only went as far a Paul thinks we should we'd solve the problem for our time. I worry about the future though. We started with the Constitution and ended up here. When you get right down to it, the Constitution is just words and we all have to agree to play by the rules. We haven't done that for a very long time, indeed if we ever even did play by the rules in the first place.
by leeberttea 10 years ago
I think the article makes some good points. In addition Obama has spent more time on vacations, playing golf, and fund raising etc while ignoring D-Day, Memorial Day, and the on going oil spill crisis. This certainly doesn't look like the change he was talking about when he was running for office.
by Baraccuza 9 months ago
Many people writing different things. But I and I'm sure that many other people would like to know the potential of hubpages. Thanks for answers.
by Gary Anderson 9 years ago
Lady, did you know that the Japanese house bubble of 1986 and the US house bubble of the last decade were fueled by too much money at the top classes? The combination of too much money, low interest rates, and reckless lending caused both housing bubbles.You pay too much for coffee, for gasoline,...
by rafken 9 years ago
Do sportsmen get paid too much?They supply us with entertainment, now that there is TV, because we can't afford tickets to see it live. They should get good pay. The whole thing has gotten out of hand. Especially if there is no clause in their contract that says, "as long as they remain a good...
by pgrundy 11 years ago
Here's the news link:http://dealbook.blogs.nytimes.com/2009/ … n-quarter/BTW today is Bastille Day. Anyone up for dropping by Goldman Sachs just to say hey?Happy Bastille Day Goldman Sachs!
by Joan King 3 years ago
Can too much money make you unhappy?You hear some awful stories about people who win the lottery or who have lots of money but nothing seems to go right for them.While this may not apply to everyone with money,do you think if you had a lot of money it would make you unhappy?
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