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PoliticsDo Not Pass/Pass With Care. Today's truckers are far more educated and cognizant of the issues regarding politics due to the sharp increase in talk radio, and various trucking news media sources. Talk politics. Do truckers like politicians?
I guess I should out to my yard and hang myself from the oak tree. All is lost, and the cyborgs are taking over.
All hail Spock!!
Quote:
Originally Posted by goldenequity
Mushroom Cloud over Wall Street as U.S. Constitution Burns
September 23rd, 2008
Via: [LINK POSTED BY MEMBER] Only Members Can View This Truck Forum Link. :
These are dark times.
While you were sleeping the cockroaches were busy about their work, rummaging through the US Constitution, and putting the finishing touches on a scheme to assert absolute power over the nation’s financial markets and the country’s economic future. Industry representative Henry Paulson has submitted legislation to congress that will finally end the pretense that Bush controls anything more than reading the lines from a 4′ by 6′ teleprompter.
Paulson is in charge now, and the coronation is set for sometime early next week. He rose to power in a stealthily-executed Bankster’s Coup in which he, and his coterie of dodgy friends, declared martial law on the US economy while elevating himself to supreme leader.
“All Hail Caesar!” The days of the republic are over.
Section 8 of the proposed legislation says it all:
“Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.”
Right; “non-reviewable” supremacy. Congress, of course, is more than eager to abdicate whatever little authority they have left. They’re infinitely grateful for their purely ceremonial role.
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September 21st, 2008
Via: [LINK POSTED BY MEMBER] Only Members Can View This Truck Forum Link. : The Patriot Act of Finance, otherwise known as Paulson’s $700 billion bailout bill, if passed in its present form will be the nail in the coffin for an America by, for and of the people.
Just like the Patriot Act appeared to be written before 9/11, so does this Patriot Act of Finance appear to be written before the housing crash. And yes, both were rushed through a panicked Congress and complacent media in the middle of the night.
A nation founded by the people, for the people will be given to a very select group of bankers. Legally. Without a shot fired. Because Americans were too distracted and too dumb to know what was going on. Brilliant. Here’s how it will be done: 1) The key line in the proposed bill is this one:
“The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to 700,000,000,000 dollars outstanding at any one time”
What this does: is give Hank Paulson, acting as an emperor with unchecked control over the nation’s treasury, a $700 billion line of credit in which he can buy up toxic debt for whatever price he’d like to pay, $700 billion at a time. In other words - he could buy trillions. Trillions and trillions and trillions. Buying and selling, buying and selling. He can sell the junk he buys from his banker friends for whatever price he wants, saddling the taxpayers with the loss. He keeps this process going, using his $700 billion credit card. Buy for 60 cents on the dollar, sell for 30 cents on the dollar. Buy for 80 cents on the dollar, sell for 5 cents on the dollar. He’s in charge. $700 billion folks IS JUST THE LINE OF CREDIT. He can purchase trillions and trillions of bad debt with this credit card, as long as only $700 billion is OUTSTANDING at any one time. 2) Hank Paulson, CEO of Goldman Sachs on leave, has complete and total control over the nation’s treasure. He would beunchecked by Congress, unchecked by the President. He will be king. Here’s the text: “The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act, including, without limitation” Using this power, Hank Paulson of Goldman Sachs could pay Goldman Sachs anything he wanted for their mortgage assets. Let’s say the market value was 20 cents on the dollar. Hank Paulson could pay them 100 cents on the dollar. Its his decision and his alone. No oversight. No limitations. Hank Paulson could simply give the nation’s treasure to Goldman Sachs. Get it now? 3) Deputizing the banks and investment banks as “agents of the government”. Seriously. Here’s the text:
“Designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them”
4) Have no outside control over the firesale of assets and loss to the taxpayer. Again, Hank Paulson and Hank Paulson alone shall be in control. No auditors. No oversight. No multiple bids. No nothing. Hank Paulson and Hank Paulson alone. Here you go:
“Sale of Mortgage-Related Assets. The Secretary may, at any time, upon terms and conditions and at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act.”
5) Hank Paulson has final say. Hank Paulson knows what’s best. Hank Paulson cannot be reversed. Hank Paulson cannot be sued. Hank Paulson is king.
“Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency”
So, what can you do? Normally here I’d say contact your corrupt Congressman or Senator. Contact the media. But folks, Congress has been bought. The media have been bought. The American people have lost. Deal with it.
Very good observation!
You did hit the nail on the head.
__________________ No NAFTA/NASCO Super corridor through the middle of our nation! America better wake the hell up before it's too late!!! Get educated on the North American Union and the New World Order for our children's sake.
I wish people who so obviously don't know what they are talking about would stop acting like they do.
The $700 billion is not being "given" to anyone. The money will be used to buy assets, in this case, mortgages.
These assets will be bought off of people at deeply discounted prices and sold back to the public at a later date.
If you are going to continually get your facts wrong, it might be better to keep them to yourself.
The Following User Says Thank You to Ronnocomot For This Useful Post:
I wish people who so obviously don't know what they are talking about would stop acting like they do.
The $700 billion is not being "given" to anyone. The money will be used to buy assets, in this case, mortgages.
These assets will be bought off of people at deeply discounted prices and sold back to the public at a later date.
If you are going to continually get your facts wrong, it might be better to keep them to yourself.
Some people should take their own advice!
Can you differentiate socialism from whats happening now?
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__________________ No NAFTA/NASCO Super corridor through the middle of our nation! America better wake the hell up before it's too late!!! Get educated on the North American Union and the New World Order for our children's sake.
Last edited by freightmaster; 09.23.2008 at 11.27 AM..
Reason: added link
The ends is the exact same, loss of liberty and total government control!
__________________ No NAFTA/NASCO Super corridor through the middle of our nation! America better wake the hell up before it's too late!!! Get educated on the North American Union and the New World Order for our children's sake.
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This collapse will bring in martial law and Bush will cancel the 2008 election. impo
__________________ No NAFTA/NASCO Super corridor through the middle of our nation! America better wake the hell up before it's too late!!! Get educated on the North American Union and the New World Order for our children's sake.
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09.23.2008
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