Bush and Mccain blackmail America (in Off-topic)

{Wookie}-Jir.Vr- September 26 2008 1:45 AM EDT

Bush and Mccain blackmail America with financial terrorism.

Prison Planet
September 25, 2008

Ferocious fear-mongering rhetoric, possible cancellation of presidential election as financial terrorists threaten Americans with chaos unless power-grabbing bailout bill is passed

Paul Joseph Watson
Prison Planet
Thursday, September 25, 2008

From shying away from even mentioning such terms as "recession," "unemployment" or "bank failures," Bush, Bernanke and Paulson are now vigorously invoking the fear of financial meltdown as part of a campaign of economic terror to blackmail the American people into accepting the power-grabbing "bailout," while John McCain, who last week said the fundamentals of the economy are strong, is now all but threatening to cancel the election should the proposal not receive swift passage.

Bush's speech last night was a throwback to his March 2003 stump before the invasion of Iraq - replace words like "weapons of mass destruction" with "financial panic" and the tone of the two is not dissimilar.

Bush rammed home the fear by appealing to people's personal anxieties.

"More banks could fail, including some in your community. The stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet. Foreclosures would rise dramatically," barked the President.

"And if you own a business or a farm, you would find it harder and more expensive to get credit. More businesses would close their doors, and millions of Americans could lose their jobs.

Bernanke and Paulson [2] spewed similar rhetoric during Tuesday's Senate Banking Committee meeting. Compare their dire proclamations with their outright [3] refusal to even entertain the notion of a recession as little as seven months ago.

Now [4] Paulson tells us that people "should be scared" and that the only solution is for taxpayers to foot the bill to the tune of $700 billion dollars - a number we now learn was simply pulled out of thin air by the Treasury - while the Federal Reserve swallows up all manner of new regulation powers.

It seems that almost overnight these three stooges have gone from behaving like sedated zombies to end-times doomsayers.

Furthermore, John McCain, the man who as recently as last week proclaimed that "the fundamentals of the economy are sound," is now canceling presidential debates, and some fear greasing the skids for the postponement of the presidential election itself, by insisting he and Obama "return to Washington" in order to put their weight behind the bailout.

As the [5] George Washington Blog notes, McCain is basically implying, "Vote for the bailout or I'll pull out of the election".

The financial terrorism being perpetrated by Bush, McCain, Bernanke, Paulson and the rest of these criminals in threatening Americans with unbridled chaos unless they acquiesce to political demands, and the coordinated ferocity with which it is being delivered, is necessary for the crooks because they are desperate to get the bailout passed before Congress really has a chance to digest exactly what it stands for.

This is what's called the "shock doctrine," the accelerated passage of what is essentially dictatorial legislation without proper scrutiny by means of exploiting a temporary state of fear.

This is not just about $700 billion of taxpayers' money and the continued sacking of the dollar, it's about the imposition of a giant new infrastructure of control and regulation on behalf of the private, run for profit, Federal Reserve.

Bush even alluded to it last night, stating that Paulson's bailout would mean the "Federal Reserve would be authorized to take a closer look at the operations of companies across the financial spectrum.


But this is merely scratching the surface. As Sen. Jim Bunning, R-Ky., said, "This massive bailout is not a solution. It is financial socialism and it's un-American." In fact properly defined, one could label it "national socialism," otherwise known as fascism.

As professor of economics at New York University Nouriel Roubin[[[[[[[[iframe]]]]]]]]d it, welcome to the United Socialist States of America and "the most radical regime change in global economic and financial affairs in decades".

The plan was [7] drawn up months ago, lying in wait for the right crisis to see it enacted, just as the Patriot Act was prepared well in advance of 9/11.

The Treasury's [8] fact sheet about the bailout states, "The Secretary will have the discretion, in consultation with the Chairman of the Federal Reserve, to purchase other assets, as deemed necessary to effectively stabilize financial markets.


This gives the government and the Federal Reserve carte blanche to do whatever they want to long as it is done in the name of stabilizing financial markets, they can nationalize any company or industry and use taxpayer money, above and beyond the initial $700 billion, for whatever purpose is deemed necessary, without any oversight. Paulson's bailout plan is also unreviewable by any court, it will remain in perpetuity.

Paulson's draft bailout plans says: "The Secretary's authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time.


As [9] Chris Martenson writes, "This means that $700 billion is NOT the cost of this dangerous legislation, it is only the amount that can be outstanding at any one time. After, say, $100 billion of bad mortgages are disposed of, another $100 billion can be bought. In short, these four little words assure that there is NO LIMIT to the potential size of this bailout. This means that $700 billion is a rolling amount, not a ceiling.


"The bill would bar courts from reviewing actions taken under its authority," [10] reports Bloomberg.

The Bush administration seeks "dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis," said Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington. "We are taking a huge leap of faith.


"It sounds like Paulson is asking to be a financial dictator, for a limited period of time," said historian John Steele Gordon.

[11] Reporter Larisa Alexandrovna calls it "the final stages of the coup," noting, "This manufactured crisis is now to be remedied, if the fiscal fascists get their way, with the total transfer of Congressional powers (the few that still remain) to the Executive Branch and the total transfer of public funds into corporate (via government as intermediary) hands.


The legislation would provide billions to foreign central banks in addition to[12] private foreign banks.

The proposed move represents a total shift of U.S. taxpayers' funds into the hands of powerful private interests, some of which do not even represent American companies.

The bailout bill represents the most fascist centralization of power in America since 9/11 and the Patriot Act - and many would argue that it even trumps that. The fiscal terrorists hope to ram through their agenda by appealing to people's fears about the economy, their jobs, their houses and their pensions. But the temporary pain brought on by a Wall Street crash and a severe recession would be nothing compared to the long term death knell that the bailout bill would mean to the free market and economic liberty in America.

Cube September 26 2008 2:36 AM EDT

Yes, it's all an elaborate plot just like Hurricane Katrina, the Moon landing, or Fluoridation. (<3 Dr Strangelove)

Or maybe we shouldn't use a 26 year old blogger as our sole source of information. Clearly the more obscure the source the more accurate </rolls eyes>.

Cube September 26 2008 2:38 AM EDT

Correction: /me rolls eyes.

Thank you for your time. This unnecessary correction is brought to you by our local sponsors.

PearsonTritonRaveshaw September 26 2008 3:26 AM EDT


Currently in progress:
"More banks could fail, including some in your community. The stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet. Foreclosures would rise dramatically," barked the President."

"More businesses [have] close[d] their doors, and millions of Americans [did] lose their jobs."

IndependenZ September 26 2008 4:37 AM EDT

Conspiracy or not, it remains a very interesting situation, with very interesting solutions. It's easy for me to look at it and say, hmmm, let's see what comes out of this, since I'm not an American citizen. But if I were... I wouldn't know what to believe anymore.

It's a strange world we're living in.

chuck1234 September 26 2008 4:45 AM EDT

btw, just wondering, what's the conspiracy about Hurricane Katrina? simply curious, i always felt it was a natural event.

chuck1234 September 26 2008 4:52 AM EDT

nvm, did a google search, and found out fanciful explanations, including Soviet era weather engineering conspiracy, etc. all too mind blowing, meh.

{Wookie}-Jir.Vr- September 26 2008 5:33 AM EDT

Maybe if you read more then a single paragraph you would know this has nothing to do with a conspiracy of any sorts. Reread it and if you still don't understand, go back to the 8th grade.

Mirick September 26 2008 5:57 AM EDT

But haven't you heard? The rolling of eyes is a perfectly valid counterargument!


Flatcap [East Milwaukee Devival] September 26 2008 6:38 AM EDT

Iread the entire thing, and yes they are claiming a conspiracy. Did you read the entire thing? Because it cites that by transfering more power to the federal reserve they would be forming a socialistic monetary control system. This whole thing is baloney. The recession right now is pretty simple let me tell you what happened.

Mortgages were sold to people without the normal credit and income reveiw. Housing prices had been increasing dramatically over the last ten years, overvalued houses were no longer selling as a direct result of increased cost of living. Housing prices dropped like a rock over night leaving people who were barely paying mortgages, paying for an overvalued house.

These mortgages were repackaged as securities wich were sold on the stock market across the board to banks and funds. As the mortgages were defaulted the securities no longer had worth and the funds and banks stuck with the now worthless securities lose capital, making them unable to invest further funds. Lack of investment capital reduces credit available to cover security losees. Banks tank. Brokerage houses Tank. Creditors tighten the grip making it harder for your average joe to get money.

The bailout is to cover mainly Freddie and Fannie who currently hold over a trillion in mortgages several hundred billions worth are in default or close to default. if they tank Joe Average will have a heck of a time buying a house, not to mention getting a credit card, leasing a car. The Place Joe Average works will have trouble covering debts that are suddenly calling, Joe Loses his job to downsizing as the company reconsolidates. Joe can't but presents for his wife since he can barely buy milk at it's overinflated price. The economy slows further, Unemployment becomes rampant. And only a New deal style revival will bring it back.

Nice story? Really what I'm getting at is sure the bill needs to be looked over but in defence of the bailout, if something doesnt happen a whole lot of people are in deep doo. And it isn't just the barons of the market kiddo.

00 September 26 2008 8:20 AM EDT

this conspiracy theory spam in the forums needs to stop, i doubt anyone really cares, its a waste of thread.

{Wookie}-Jir.Vr- September 26 2008 8:45 AM EDT

Completely moot point, have you even read ANY of what this "bailout" plan entails? It REEEAAALLLY doesn't sound like you know ANYTHING about it. Go google what they are proposing to do. Seriously just go.

Phaete September 26 2008 8:53 AM EDT

I'm pretty happy that we have regulatory systems that prevent this from happening.
In The Netherlands we implemented this already in 2002.

It seems you are hiring the same guy that implemented our system: Jeroen Kremers, according to the Dutch newspapers.

Phaete September 26 2008 8:59 AM EDT

However i do agree with one of the other posts.

I think we need to rename "Off-Topic" as "Jiraiya's political intrigue corner"

Levon [Clocked Out] September 26 2008 9:06 AM EDT

i like that flatcap dude

IndependenZ September 26 2008 9:22 AM EDT

I read the entire article first time round, then did it again, then decided I needed to go back to 8th grade, which I did... then I asked Google... and I still think Paul Joseph Watson's describing some sort of a conspiracy. Am I missing the point here? If so, feel free to elaborate.

Jiraiya, I understand this may not be your own opinion, but when a group of people tricks another group of people into giving tax money rights away... that plan might be called a conspiracy, right?

{Wookie}-Jir.Vr- September 26 2008 9:33 AM EDT

Meh, I guess it is a conspiracy! Forgive me I'm on the booze!

conᄋspirᄋaᄋcy /k&#601;n&#712;sp&#618;r&#601;si/ Pronunciation Key - Show Spelled Pronunciation[kuhn-spir-uh-see] Pronunciation Key - Show IPA Pronunciation
ヨnoun, plural -cies.
1. the act of conspiring.
2. an evil, unlawful, treacherous, or surreptitious plan formulated in secret by two or more persons; plot.
3. a combination of persons for a secret, unlawful, or evil purpose: He joined the conspiracy to overthrow the government.
4. Law. an agreement by two or more persons to commit a crime, fraud, or other wrongful act.
5. any concurrence in action; combination in bringing about a given result.



{Wookie}-Jir.Vr- September 26 2008 9:34 AM EDT

Raveshaw millions of people have [NOT] lost their jobs over this... sorry but 10,000 and "millions" is a little off buddy.

Cube September 26 2008 10:03 AM EDT

Mirick, these posts are so ridiculous, I don't know how to start. Not to mention countering a wall of text is hard at 3 am.

I did read most of it, but I've also been reading actual news articles on the bailout as well. While it is a threat to free market etc., I think it is a decent solution to mitigate the effects of these lending companies going belly up. I hardly expect it was part of some plot for Bush and McCain to obtain more power for the government. I'm completely with hating government getting larger, but this wouldn't be happening if it wasn't necessary. This guy goes on to talk about how banks aren't really failing etc. and this article was released the day WaMu fails.

I'll let you know I stopped reading when I googled the author of the article and came up with Myspace.

Sacredpeanut September 26 2008 10:09 AM EDT

"John McCain, who last week said the fundamentals of the economy are strong, is now all but threatening to cancel the election should the proposal not receive swift passage."

Wrong. McCain was initially critical of the Paulson proposal, and appears to be more in favor of tax and regulatory relief in the credit markets as a solution to the current problem. In-fact many believe him to be a stumbling block to the bail-out going ahead by not unequivocally supporting the Paulson plan.

McCain was also very critical of the government bailouts of AIG and co saying "We believe the time has come and gone where the taxpayers should be viewed as the solution to the problems that are not of their making".

I found the article to be little more than scare-mongering, the very thing it accuses Paulson, Bush, McCain etc of doing.

{Wookie}-Jir.Vr- September 26 2008 10:27 AM EDT

*shrug* I found it an interesting read, I didn't write it. I'm just glad it isn't going to happen that way.

Revs September 26 2008 11:19 AM EDT

The caution here is that, conspiracy or not, it is the opinion of one blogger. While he has a right to express that opinion and any reader has a right to agree or disagree or re-post it for all that matter, it doesn't make it truth. It is mere conjecture. To throw that conjecture out here in a gaming forum is invitation to debate, but it's not likely that the few people reading here will be able to solve the problem, let alone fully understand it.

And unfortunately, as someone stated before, it is really hard to tell what is indeed the best answer/argument/etc and I think in this case only time will tell. And it very well could be by trial and error. Will it be historical? Sure, no question about that. Will it prove you were dead on in re-posting someone's theory? Doubtful. So does it do anyone any good at all to create these kinds of threads within the forums and context of this game and it's community? Probably not.

So when Admin create an open debate channel/forum for politics or financial institutions or religion, etc, then yes, let's all throw out all of our intriguing ideas and re-posts. Till then can we all just avoid this? It only ends up leading to slander and bickering, it's useless.

{Wookie}-Jir.Vr- September 26 2008 11:22 AM EDT

Hmm, good points Revs. I agree /end of topic :P

donut jones September 26 2008 12:45 PM EDT

you know, ending the war in iraq would give us that 700 billion, as well as lower oil and food prices, which would allow us to put more money back into the economy.

QBOddBird September 26 2008 1:25 PM EDT

hehe....I can promise you that any abrupt end to the war in Iraq will NOT lower oil prices. ;)

donut jones September 26 2008 1:42 PM EDT

i disagree. it may not be absolutely immediate, but it would lower them soon, as well as help in many oher ways.

Cube September 26 2008 2:34 PM EDT

The war was a mistake in the first place, but ending it now would be an even worse mistake. By removing Saddam we created a power vacuum, which usually means chaos after we'd leave. There are so many cases of this in history with colonies etc. I bet it would make oil prices worse.

Little Anthony September 26 2008 2:57 PM EDT

Even I can expect Wamu to be burned 2 weeks ago. I was glad i make some money (stock down) on it. Officially Wamu is bought by Chase.

Little Anthony September 26 2008 3:00 PM EDT

I already know this election is not going to happen anyway. And yes the bail out is a joke. If anyone understand/learn what's the power of Fed Reserve, they would know that this if off-limit subject for them. (not so-soon-to-be?)

The Fed is gaining more power.
Bush is obviously not going to step out of office.
what election? I am not going to bother to think about it. This actually was predicted since 5 months ago.

Colonel Custard September 26 2008 3:21 PM EDT

Bush is going to be the United States of America's first Consul? Nice!

"is now all but threatening to cancel the election should the proposal not receive swift passage."
Can John McCain cancel the election? No. John McCain's a Senator = he currently has NO executive power. "Suspending my campaign" means "I'm not going to make my scheduled speech in Birmingham tomorrow," and that's about it. Whether this has been worked out or not by November 4th, the election will still take place, regardless of where John McCain has or has not had time to make a public appearance.

An election can never be canceled. The only way to change anything about it would be to make an amendment to the Constitution.

PearsonTritonRaveshaw September 26 2008 4:10 PM EDT

Yay custard for using your brain! And a few other people. Sorry, I can't exactly point my finger at you after reading so many posts, custard's was just the last one I read. =P

"Raveshaw millions of people have [NOT] lost their jobs over this... sorry but 10,000 and "millions" is a little off buddy."

Well, there are two ways people could lose their jobs over this: Directly, and indirectly. If you really think about it, then yes, millions of people have lost their jobs. Unemployment is the highest it has been in years.

Lord Bob September 26 2008 4:59 PM EDT

Thank you Raveshaw and Custard.

{Wookie}-Jir.Vr- September 26 2008 7:04 PM EDT

Unemployment has been rising due to a higher population and a limited / shrinking amount of jobs, as well as; a poor economy // going to war. The Economy has been on a downward spiral since we went into recession in 2001 The RECENT Wallstreet Crashes have NOT been the cause of millions of lost jobs.
This thread is closed to new posts. However, you are welcome to reference it from a new thread; link this with the html <a href="/bboard/q-and-a-fetch-msg.tcl?msg_id=002YK5">Bush and Mccain blackmail America </a>