There is a war going on for your mind.
In a few days, our congress will be voting on whether to pass the legislation proposed by the Bush administration to allow the Fed to bailout failing investment banks. If it is passed, I believe it will go down as the biggest swindle of our generation.
Let's get some facts straight. First off, supposing this bailout only costs us $300 billion... spread around America, that's a thousand dollars from everybody. If it costs as much as some people (like Sen. Paul) suspect it will end up costing... we could be looking at $10k a head. Imagine it... it's like every man, woman and child in America enter the main event of the WSOP and the whole prizepool is taken and given to a bunch of investment banks.
And who is championing this bill so hard? None other than Treasurer Paulson, which if you don't know is estimated to be worth $700 million dollars and is the former CEO of Goldman Sachs. That's right... an investment bank that may well be one of the companies getting bailed out in the future with our money.
Stop the music, people. We have to get mad. We have to make ourselves heard. Paulson and the rest of the Bush administration are using the same fear-mongering tactics they used to get us into Iraq. They are trying to push this bill through so quickly it's making everyone in Congress dizzy... maybe when we're talking about giving away hundreds of billions if not TRILLIONS of dollars we should be taking a little more time to consider the matter. Don't be fooled. The guys who stand to benefit from this are wicked smart. They've been planning this for a long time.
Call your congressmen before it's too late!
I just spent the last half hour calling Senator Reid (202-224-3542) and Senator Ensign (202-224-6244), our Nevada senators. I got through right away to a friendly staffer named Allie when I called Ensign. I told her I was against the bailouts. When I called Reid, I got a recording asking me to press 1 to talk to a staffer and press 2 to leave a voicemail. I didn't push anything the first time... thank God I'm not some retiree living in Anthem with a rotary phone, because if you don't push anything it just hangs up. So I called back and I pressed 1. I was on hold for about five minutes before I gave up and called back and pressed 2. But the voicemail was full. So I called back and pressed 1 again and waited on the phone for fifteen minutes and finally got another staffer who seemed annoyed just to be taking my call. I told her I was also against the bailouts. I also emailed Barack.
I will be watching this issue very closely this week and I will be hard-pressed to vote for ANYBODY who thinks it's a good idea for the government to be bailing out these companies.
I don't know what I'll do if McCain and Obama both vote for it. As of now, I'm still endorsing Obama... but I've finally come to the conclusion that it's a mistake to vote for "the lessor of two evils" and I very well might be writing in Ron Paul come November. Maybe you'll say that's just throwing away my vote... but if he can get 5% of the popular vote through write-ins then as I understand it, the government will put some money into his campaign fund in 2012 and we can finally break away from our two-party "democratic" system.
Anytime someone asks if I'm Republican and Democrat these days, I just have to laugh. Is there really much of a difference? This two-party system is all just a great big joke. It's the illusion of having a choice. It's like we're all kids and our Uncle Sam is taking us out for ice-cream and giving us the choice between Vanilla and French Vanilla.
One last thing... on Friday stocks went up with the bailout news, but gold saw it's biggest one-day increase ever. Today, stocks went back down... but gold and oil went up. If you don't listen to ANYTHING I've been writing in the last few days at least pay attention to this. When gold is going up like it is, it is not a good sign. It's not like the absolute value of gold is changing at all. I wish I had money right now (or even just a credit card), because there is a huge opportunity here.
Back before the UIGEA was passed and Party pulled out of the US, I was saying for months to all my friends that they could make bank if they shorted Party stock. The writing was on the wall then, and it's on the wall now. Take your money out of the stock market and out of your savings account and out of your safety deposit box and buy some gold, or better yet, bet it all on silver. You don't even have to leave your house... you can do it online through sites like GoldSilver.com. You'll thank me for it later.
There is a war going on for your mind... if you are thinking, then you are winning.
Let's get some facts straight. First off, supposing this bailout only costs us $300 billion... spread around America, that's a thousand dollars from everybody. If it costs as much as some people (like Sen. Paul) suspect it will end up costing... we could be looking at $10k a head. Imagine it... it's like every man, woman and child in America enter the main event of the WSOP and the whole prizepool is taken and given to a bunch of investment banks.
And who is championing this bill so hard? None other than Treasurer Paulson, which if you don't know is estimated to be worth $700 million dollars and is the former CEO of Goldman Sachs. That's right... an investment bank that may well be one of the companies getting bailed out in the future with our money.
Stop the music, people. We have to get mad. We have to make ourselves heard. Paulson and the rest of the Bush administration are using the same fear-mongering tactics they used to get us into Iraq. They are trying to push this bill through so quickly it's making everyone in Congress dizzy... maybe when we're talking about giving away hundreds of billions if not TRILLIONS of dollars we should be taking a little more time to consider the matter. Don't be fooled. The guys who stand to benefit from this are wicked smart. They've been planning this for a long time.
I just spent the last half hour calling Senator Reid (202-224-3542) and Senator Ensign (202-224-6244), our Nevada senators. I got through right away to a friendly staffer named Allie when I called Ensign. I told her I was against the bailouts. When I called Reid, I got a recording asking me to press 1 to talk to a staffer and press 2 to leave a voicemail. I didn't push anything the first time... thank God I'm not some retiree living in Anthem with a rotary phone, because if you don't push anything it just hangs up. So I called back and I pressed 1. I was on hold for about five minutes before I gave up and called back and pressed 2. But the voicemail was full. So I called back and pressed 1 again and waited on the phone for fifteen minutes and finally got another staffer who seemed annoyed just to be taking my call. I told her I was also against the bailouts. I also emailed Barack.
I will be watching this issue very closely this week and I will be hard-pressed to vote for ANYBODY who thinks it's a good idea for the government to be bailing out these companies.
I don't know what I'll do if McCain and Obama both vote for it. As of now, I'm still endorsing Obama... but I've finally come to the conclusion that it's a mistake to vote for "the lessor of two evils" and I very well might be writing in Ron Paul come November. Maybe you'll say that's just throwing away my vote... but if he can get 5% of the popular vote through write-ins then as I understand it, the government will put some money into his campaign fund in 2012 and we can finally break away from our two-party "democratic" system.
Anytime someone asks if I'm Republican and Democrat these days, I just have to laugh. Is there really much of a difference? This two-party system is all just a great big joke. It's the illusion of having a choice. It's like we're all kids and our Uncle Sam is taking us out for ice-cream and giving us the choice between Vanilla and French Vanilla.
One last thing... on Friday stocks went up with the bailout news, but gold saw it's biggest one-day increase ever. Today, stocks went back down... but gold and oil went up. If you don't listen to ANYTHING I've been writing in the last few days at least pay attention to this. When gold is going up like it is, it is not a good sign. It's not like the absolute value of gold is changing at all. I wish I had money right now (or even just a credit card), because there is a huge opportunity here.
Back before the UIGEA was passed and Party pulled out of the US, I was saying for months to all my friends that they could make bank if they shorted Party stock. The writing was on the wall then, and it's on the wall now. Take your money out of the stock market and out of your savings account and out of your safety deposit box and buy some gold, or better yet, bet it all on silver. You don't even have to leave your house... you can do it online through sites like GoldSilver.com. You'll thank me for it later.
There is a war going on for your mind... if you are thinking, then you are winning.
posted by Dutch Boyd at
15:32
1 Comments:
I don't know that Congress/the Treasury has that much of a choice. The repercussions of not acting would be immense. While the bailout may cause the value of the dollar to decline, inaction would likely cause a much greater decline and a more sustained economic retrenchment(if not a depression). Check out the following for a decent explanation:
http://meganmcardle.theatlantic.com/archives/2008/09/how_close_was_the_financial_sy.php
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