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#1 |
In The Mists
Join Date: Sep 2008
Location: Toronto
Posts: 1,133
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It's just curious to me that here at the end of "sept", the bush gang are pushing through this bill as though their lives depended on it. And they have what I'd call "worry" on their faces too.
Makes me wonder if a good chunk of the trillion is earmarked for the far east? |
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#2 |
Avalon Senior Member
Join Date: Sep 2008
Location: Illinois
Posts: 100
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My sentiments exactally. What will Bush do if the Congress holds out. (Please see the Larry Nichols post about calling our congressmen.) How I pray for Bush's house of cards to come tumbling down, and his plans to turn the US into a dictatorship stopped.
As the saying goes, "From your mouth to the Lord's ear." Blessings, Nancy |
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#3 | |
Project Avalon Moderator
Join Date: Sep 2008
Location: Northeastern Brazil
Posts: 1,259
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Hi Myplanet2,
I've noticed the stress factor also. Don't forget that the end of September is the end of the financial year for the US government. The government is already in dire straights, so they need to pass this bill before the end of the financial year, as in October everybody will know just how much dire straights the government is in and the dollar will be deemed useless, world trade will be done based on the Euro and, well, the rest I'm sure you already know. Best regards, Steve Quote:
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#4 | |
Avalon Senior Member
Join Date: Sep 2008
Location: Eastern U.S.
Posts: 429
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#5 |
Avalon Senior Member
Join Date: Sep 2008
Posts: 16
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I don't beleive the BIS story anyway, Remember the Fed is privately owned, not even the prez can ask to see how they do business, So I'd be real skeptical about a third party auditing the Fed!
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#6 |
Avalon Senior Member
Join Date: Sep 2008
Location: Canada, Alberta
Posts: 2
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This is a great point! privity of contract excludes third parties, good thinking.
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#7 |
Avalon Senior Member
Join Date: Sep 2008
Location: Long Island, NY
Posts: 128
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while the FED is privately owned, it was created by the Congress, and can be re-structured or eliminated by them as well. We can only hope the House of Representatives is realizing THEY are the most powerful entity in the United States, NOT the President or the presidential candidates.
************************* may WISDOM guide COMPASSION "out of MANY, we are ONE" |
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#8 |
Avalon Senior Member
Join Date: Sep 2008
Location: california
Posts: 55
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greetings...
the federal reserve was not created by congress...it was created by the families.....check your information.....it is not apart of the government in any way shape or form....hence the word privately owned...why is it that when one hears the term federal..they naturally associate it with the government?? just a thought ![]() |
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#9 |
Avalon Senior Member
Join Date: Sep 2008
Location: australia
Posts: 26
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That's right, end of September is the end of the financial year and they have to come up with money they owe to China and Japan and if they do not come up with this money they are in the bit **** and the creditors will come a knocking and this is when the whole pack of card will come falling down.
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#10 | |
Project Avalon Moderator
Join Date: Sep 2008
Location: Northeastern Brazil
Posts: 1,259
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Hi Myplanet2,
Another aspect to be taken into consideration now is the fact that the DOW futures are strongly up, just one day after one of the biggest bailout plans failed in the US. The question now to be asked is, was the bailout plan necessary? That could be the six million dollar question. ![]() Best regards, Steve Quote:
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#11 |
Avalon Senior Member
Join Date: Sep 2008
Location: england
Posts: 1,153
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the fed is indeed privately run and can not be audited with any degree of confidence, congress can however print money through the treasury. kennedy did it back in the 60s. 1 of the many reasons they had to kill him ;/ so congress has the power to abolish the fed reserve act and set up its own printing of its own money
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#12 |
Avalon Senior Member
Join Date: Sep 2008
Location: Norway
Posts: 209
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This morning norwegian stockmarket went down good, but it's on the rise now because the expected plunge of asian markets didn't occur. Norwegian citizens get a load of different information served at once. We have one side telling us we'll all be fine, that the bailout will be passed through, that the financial system will be saved and all is well.
On the other side, we have economic experts, saying we're in for a ride...in very very subtle words. They dare not say the words "bankrupt", "failed", "catastrophy" or anything else in that direction. They just tell us in hints that we should be careful. I have no idea what impact this crisis may have on our economy, but the ripples are felt already, and we have layoffs in certain branches already to save capital. Banks are also preparing for what may come soon, and it's not seen unlikely we'll have failures going here soon as well. |
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#13 |
Avalon Senior Member
Join Date: Sep 2008
Location: Illinois
Posts: 100
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Are the markets being artificially inflated? This will increase people's confidence, maybe leaning them towards a final no on the bail-out.
The newscasters here all looked gray, and worried, but the people were rejoicing. There was so much doom and gloom posted on the TV last night that my living room walls were oozing yuck. Keep the hope alive that the people will continue to be heard. Once you are down, the only place to go is up. Blessings on this fine day to all. Nancy ![]() |
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#14 |
Avalon Senior Member
Join Date: Sep 2008
Location: San Francisco
Posts: 119
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This certainly is the "plateau" phase of stress that sources have indicated. I'm wondering whats going to happen in this next week to trigger global crisis?
Whats funny is everyone in my office was so pleased that the bailout temporarily failed...I found that I myself was experiencing some pleasure. I think it was a feeling a simpatico with all those who wish this corrupt system would collapse......and am ready to build a new one, based on principles of brotherly love, and mutual respect for the planet. I know everything will be okay ![]() |
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#15 | |
Avalon Senior Member
Join Date: Sep 2008
Location: Eastern U.S.
Posts: 429
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#16 |
Avalon Senior Member
Join Date: Sep 2008
Location: TUMBES, PERÚ
Posts: 77
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PLEASE TRANSLATE
HOLA A TODOS. AYER JIM SINCLAIR PUSO ESTE COMENTARIO EN SU PAGINA: Posted On: Monday, September 29, 2008, 3:32:00 PM EST In The News Today Author: Jim Sinclair Today the Fed pumped $650 billion into the financial system, so what good even is the $700 billion bailout? This appears to be the first time representatives have been sensitive to their political supporter's strong, yet email expressed feelings. Hundreds of thousands read this page. With respect, I urge you to email your representative in the STRONGEST POSSIBLE WORDS what you want done. Start your message with a large YES or NO with regards to the bailout. Decide what you want and please act. It takes very little of your time. http://jsmineset.com/ PODEMOS HACER UN RECUENTO DE LAS COSAS, COMO BIEN SABEMOS, USA ENTRO EN CRISIS DESDE YA HACE UN AÑO CUANDO HUBO LA CAIDA DE LOS MERCADOS DE BIENES RAICES, PUES BIEN DESDE ESE MOMENTO LA RESERVA FEDERAL HA INJECTADO MILES DE MILLONES EN LOS MERCADOS PARA TRATAR DE SOLUCIONAR EL PROBLEMA, PERO COMO PODEMOS VER NO HAN SOLUCIONADO NADA, ADEMAS COMO VEN SOLO AYER "Today the Fed pumped $650 billion into the financial system" Y ASI IGUAL CAYO LA BOLSA EL 777 PUNTOS, CON PERDIDAS POR MAS DE 1.2 TRILLONES DE DOLARES, HOY DIA LA BOLSA ESTA EN +269.00 ENTONCES QUE ESTA PASANDO EN VERDAD, CREEN QUE SEA NECESARIO EL DESENBOLSO DE LOS 700b. PARA QUE?? PARA QUE LA ADMINISTRACION BUSH PAGUE EL DINERO QUE DEBE? PENSEMOS QUE ESTA CRISIS ECONOMICA NO ES LO QUE PARECE, SI HUBIERA CRISIS POR QUE EL DOLAR ESTA SOBRE EL EURO A 1.41, DEBERIA HABER CAIDO Y ESTAR A 1.7 O MAS, NO CREEN?. BUENO ESPERO QUE ALGUIEN MAS APORTE INDICIOS DE ESTOS PUNTOS. GRACIAS PEACE & LOVE |
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#17 | |
Avalon Senior Member
Join Date: Sep 2008
Location: Out of Body
Posts: 98
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There's a new article from Fulford dated 9/28/08.
If this has been posted before, I apologize, but I didn't see it. Quote:
http://www.rense.com/general83/grab.htm |
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#18 |
Avalon Senior Member
Join Date: Sep 2008
Location: TUMBES, PERÚ
Posts: 77
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Posted On: Tuesday, September 30, 2008, 12:05:00 PM EST
The Madness Of The Crowd Author: Jim Sinclair WAKE UP. In this crisis $250 billion is chump change. As a matter of fact, $750 billion is chump change. The "Madness of the Crowd" does not recognize that the Fed lent $1.25 trillion last week. These loans were not to strong, but ailing financial entities. Surprise, surprise, the $1.25 trillion in one week is much larger than $250 or $750 billion. Stay the course and ignore the shorts, or if u can't stand the heat in the gold kitchen as Harry Truman kind of said, then please leave immediately! "The ECB is no longer able to inject liquidity because the money is just coming back to them again. This is extremely serious. If monetary policy is no longer working, there is a risk that the whole system will blow up in days," he said. Banking crash hits Europe as ECB loses traction By Ambrose Evans-Pritchard Last Updated: 10:37AM BST 30 Sep 2008 The Dutch-Belgian bank Fortis, Britain's Bradford and Bingley, and Iceland's Glitnir, were all partially or fully nationalized after failing to roll-over debts in the short-term money markets, while the French state pledged support for the Franco-Belgian lender Dexia after the share price collapsed on reports of a capital shortage. "The European financial sector is on trial: we have to support our banks." said French President Nicolas Sarkozy. He has reportedly ordered the state investment arm Caisse Des Depots to shore up Dexia, even though the bank is based in Belgium. Germany's Hypo Real Estate, a commercial property lender, was rescued with a €35bn lifeline from a consortium of local banks. The lender has $560bn in liabilities, almost as much as Lehman Brothers. Hypo Real's share price crashed 74pc, setting off a masse exodus from financial stocks in Frankfurt. Commerzbank fell 23pc and Aareal Bank was off 43pc. More..... http://jsmineset.com/ |
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