Old Project Avalon Forum (ARCHIVE) - View Single Post - someone familiar with Basel II comment on this article

Chinderland · 10-01-2008, 11:02 AM

I don't think there will be an election or an audit from BIS.

Contactee77 has posted a YouTube link in this forum about the real reasons for the urge to pass the bailout bill: http://www.youtube.com/watch?v=Q4AvbYUu1Mg

It is the foreign governements who pressed GWB to pass this bill via US Congress. After the bailout vote failed on Monday, Reuters reported that foreign governments are very concerned about the failure of the bailout vote. Ministers from Germany, Britain, Australia, etc. urged US Government to revive the bill in the congress so that they can vote again.

So the Reuters report connected the dots with the YouTube video that Contactee77 posted in this thread: http://projectavalon.net/forum/showthread.php?t=3843

The bailout bill, as I see it, is in essence a garantee letter that GWB and his bankster friends would like congress to sign on, so that the Fed can pay back the foreign debts for the last fiscal year and get reimbursed later from US Taxpayers.

If the bailout bill could not be passed whatsoever (we'll have to wait after the vote today from the Senate), the Fed and the banksters would not sacrifice themselves to pay the US Foreign debts, nor would they have enough cash to do so.

US government may use the Protocol 6900 series to deny the debts and declare economic emergency in USA. And the USD will be terminated as a currency. Martial law would be implemented in US to maintain social order. The initial process of the emergency management may take only three days, and is most likely to start at the noon of a trading day when the EU and Asian markets are closed.

10-01-2008, 11:02 AM	#37
Chinderland Avalon Senior Member Join Date: Sep 2008 Posts: 43	Re: someone familiar with Basel II comment on this article I don't think there will be an election or an audit from BIS. Contactee77 has posted a YouTube link in this forum about the real reasons for the urge to pass the bailout bill: http://www.youtube.com/watch?v=Q4AvbYUu1Mg It is the foreign governements who pressed GWB to pass this bill via US Congress. After the bailout vote failed on Monday, Reuters reported that foreign governments are very concerned about the failure of the bailout vote. Ministers from Germany, Britain, Australia, etc. urged US Government to revive the bill in the congress so that they can vote again. So the Reuters report connected the dots with the YouTube video that Contactee77 posted in this thread: http://projectavalon.net/forum/showthread.php?t=3843 The bailout bill, as I see it, is in essence a garantee letter that GWB and his bankster friends would like congress to sign on, so that the Fed can pay back the foreign debts for the last fiscal year and get reimbursed later from US Taxpayers. If the bailout bill could not be passed whatsoever (we'll have to wait after the vote today from the Senate), the Fed and the banksters would not sacrifice themselves to pay the US Foreign debts, nor would they have enough cash to do so. US government may use the Protocol 6900 series to deny the debts and declare economic emergency in USA. And the USD will be terminated as a currency. Martial law would be implemented in US to maintain social order. The initial process of the emergency management may take only three days, and is most likely to start at the noon of a trading day when the EU and Asian markets are closed.