The Financial Panic Act: An American Coup - Page 12 - Truckers' Trucking Forum

goldenequity · **^ Top** #**111** 09.29.2008

please God make it stoooooooppppppppppp

The Financial Panic Act: An American Coup-money4us.jpg

OverDrive · **^ Top** #**112** 09.29.2008

You ready for this currency???

Raafi · **^ Top** #**113** 09.30.2008

The Paulson Plan

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By Robert Wenzel

Is the play for the Oligarchs to grab the banks, the assets and the mortgages and then inflate the money supply boosting the value of all these assets by trillions, while the rest of us simply get to deal with the price inflation as higher prices at the grocery store, the gas pump and everywhere else?[LINK POSTED BY MEMBER] Only Members Can View This Truck Forum Link.

Raafi · **^ Top** #**114** 09.30.2008

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By Michael Moore

After stealing a half trillion dollars to line the pockets of their war-profiteering backers for the past five years, after lining the pockets of their fellow oilmen to the tune of over a hundred billion dollars in just the last two years, Bush and his cronies -- who must soon vacate the White House -- are looting the U.S. Treasury of every dollar they can grab. [LINK POSTED BY MEMBER] Only Members Can View This Truck Forum Link.

danc694u · **^ Top** #**115** 09.30.2008

Quote:

Originally Posted by Raafi

Is the play for the Oligarchs to grab the banks, the assets and the mortgages and then inflate the money supply boosting the value of all these assets by trillions, while the rest of us simply get to deal with the price inflation as higher prices at the grocery store, the gas pump and everywhere else?[LINK POSTED BY MEMBER] Only Members Can View This Truck Forum Link.

Raafi...I didn't have to read the story. But I see it pretty much like the couple of sentences above.

Everyone has stated it was the housing bubble tht caused this. By trying to maintian anything close to the inflated values of housing, it virtually insures our grandchildren will never own their own home.

The housing market has been over priced for 10-15 years. Unless they allow these values to return to pre bubble prices or allow wages to catch up. We'll soon see the first generation of "tenant babies"

A generation who has never lived in, or lived with, someone who has actually owned a house.

Home ownership will truly be...just a dream.

Raafi · **^ Top** #**116** 09.30.2008

yes ownership is and always has been and will continue to be a dream

to pay the total price of up to three times the value is making a mockery of ownership

a man's home should be affordable, and a basic commodity, it isnt

did you know that the original declaration of independence used to say, life liberty and ownership of land..........they changed that last part to the "pursuit of happiness"

what the heck is "pursuit of happiness"?

Hitman · **^ Top** #**117** 09.30.2008

"pursuit of happiness"....pursuit exactly, because they're making it harder and harder to "acheive happiness".

Ronnocomot · **^ Top** #**118** 09.30.2008

Quote:

Originally Posted by Raafi

what the heck is "pursuit of happiness"?

You are a perfect example of the "pursuit" of happiness.

The government can't guarantee you'll be happy, but it can guarantee you the right to pursue your happiness.

Maybe you should try a different route, you don't seem very happy.

And it's not the governments fault.

goldenequity · **^ Top** #**119** 09.30.2008

"There are no necessary evils in government. The Treasury to you, gentlemen, is closed."

Andrew Jackson

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goldenequity · **^ Top** #**120** 09.30.2008

Bailout Bill Would Allow Banks to Have ZERO Reserves

Posted September 30th, 2008
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"You mean to tell me that each depository institution can maintain zero reserves against its transaction accounts?
They put it right there in writing......and buried it across three versions.
This is how the bank code would have read had the bill passed today:

Each depository institution shall maintain reserves against its transaction accounts
as the Board may prescribe by regulation solely for the purpose of implementing monetary policy—
(i) in a ratio of not greater than 3 percent (and which may be zero)
for that portion of its total transaction accounts of $25,000,000 or less, subject to subparagraph (C);
and
(ii) in the ratio of 12 per centum, or in such other ratio as the Board may prescribe
not greater than 14 per centum and which may be zero, for that portion of its total transaction accounts
in excess of $25,000,000, subject to subparagraph (C). "

"So you plan on restoring confidence in the banks
by allowing the banks not to have any reserves to match people’s checking and savings accounts?

What, was the FDIC just going to cover that all? Wait, don’t answer that, I already know the answer.

But remember the effective date! The original Relief Act of 2006 called for a date of October 1, 2011
to allow banks zero reserves, if the Federal Reserve Board thought it fit.
This bill would have moved that up to tomorrow!

Tomorrow we could have all woken up to the possibility of zero holdings in our banks
and it being legally allowed!"

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