Back to Quack Off
to Bail Out Billionaire Bankers on Wall Street Under Guise of Saving
(Dec 03, 2007)
Welcome to the recession?
– Secretary of the U.S. Treasury Henry Paulson just popped onto national TV
and proposed a government bail out of subprime mortgage borrowers to save
our healthy, non-recessionary, looking-good, it's OK economy.
OK, let's see if I got this straight, girl friends.
First the Federal
Reserve central bank prints up trillions and trillions of non-backed paper
money (not backed by gold), injects it into the U.S. economy through a
well-oiled subprime mortgage scheme orchestrated by Wall Street central bank
members and their fake Enron-like "off the books" investment corporations
who bundled their subprime mortgages with leveraged new money from the Fed
Reserve and sold them to everybody domestically and internationally, and
then when the subprime borrowers can't repay their hyperinflated ARMs which
are resetting to 30-year higher fixed rates in 2007, 2008, and 2009, the
Secretary of the U.S. Treasury steps in, tap dances around on national TV,
and proposes that the U.S. government should bail out the Wall Street
billionaire bankers by pretending to SAVE all the poor subprime mortgage
borrowers by freezing the rates of subprime borrowers and, in general,
government intervention into the housing market.
Who does Sec of Treasury
Henry Paulson (formerly of big bank Goldman Sachs) think he is kidding?
mortgage slime was CREATED by our non-collateralized central bank, the
Federal Reserve, and their member Wall Street banks and investment houses
and they made billions in profits even after their latest so-called
"write-downs." CEOs fired from the banks are walking away with $200
million severance packages. The term "fired" has taken on a new
meaning in the banking community. It now means a "hefty pay raise" and
catapulting onto the Forbes 400 Billionaire List.
By mixing subprime
mortgages with other "new money," the bankers made sure nobody could trace
who holds how much of which investment bundle or determine a "mark to
market" value while carrying the investments on their subsidiary's books
(shades of Enron). This was not a mistake; this was done on purpose.
This is Enron Economics in the banking community.
And now the coup
d'etat: while robbing the U.S. public by huge injections of
non-collateralized Federal Reserve Notes cloaked as subprime mortgages with
THE RIGHT HAND, the U.S. government and central bankers then point to the
plight of the subprime borrowers and offer to bail out the borrowers with
THE LEFT HAND. Like a skilled magician, the government holds a cookie
in one hand to distract you while picking your pocket with their other hand.
The solution to
hyperinflation of the money supply is not more hyperinflation of the money
supply or freezing rates and payments of bad loans. And the root
problem is not the borrowers. The root
problem is the central bank lenders.
The real cause of our current recession and subprime
slime is lack of a sound monetary system -- i.e., a 100% gold backed
And why is it the
function of the U.S. Treasury to participate in the supposed free market of
housing mortgages? What's next: the government bails out subprime
buyers of Corvettes, Porsches, and Volkswagens? What about subprime
buyers of laptop computers and HD TVs and Lear Jets and yachts and row boats
and IBM stock and, well, the list is endless.
happened today is that Secretary of the U.S. Treasury Henry Paulson just
confirmed what everybody on the street already knows: Yahoo, folks,
the recession is here, the recession is here. Brought to you courtesy
of the central bankers hyperinflating our fiat currency. Hey, don't
squeeze our National Charmin. -- FM Duck
back to top...