Yesterday, by an 3/4's majority the Senate passed the "rescue plan," (bailout) of the banking industry, apparently, as enforcers for the banking industry (Federal Reserve). Yes, that's what I said. The "agents" of the unaccountable Federal Reserve bankers created another 700 billion paper debt to put on the books so that they could continue to desecrate the American economy or have a little more leverage over Washington's activities. It was a power move made by the Senate in order, apparently, to intimidate and strong arm the House, who had rejected the bill.
Although the bill has been amended somewhat with a rider increasing the amount of money to $250,000 citizens and business can have in any one financial institution for FDIC coverage in order to make the bill more palatable to the public, it's basic provisions remain. All power in disbursement and oversight is given to the Secretary of the Treasury and the Treasury Department, with no oversight by any Congressional body whatsoever. Appears the Senate, in so doing, gave even more power to the Federal Reserve without any accountability than it already had. It certainly it isn't the U.S. government that is providing this funding. We're already bankrupt. It is the Federal Reserve. Since the Federal Reserve Act creating this private banking institution, which is now "global," and it's validity is questionable to begin with, as the power to print and coin money in this country and determine it's value was given to the legislative branch alone, the Senate thumbed it's nose basically at the American people, and knowing who their paychecks were really coming from, voted their wallets and future political careers, and not according to their powers of office. Really, if this country ever did pay off that federal deficit just what power would the world bank and bankers truly have over our country and it's citizens. Zip. Nada. And those with power rather relinquish it, simply seek to increase it.
These same bankers who lobbied and fought so hard to "reform" and deny American citizens bankruptcy protection, and even to deny homestead protection in many states in bankruptcy proceedings, and who spread throughout the country spreading their largess in order to originally remove even judicial and/or jury protection for those people losing their homes who had ANY equity in them through the non-judicial foreclosure laws in violation of our Constitution which have been passed in numerous states, now want the American people to "guarantee" these "loans" they are going to receive through the Federal Reserve (since they will, of course, add to our deficit).
Banks don't make money when you pay off your debt. They created these mortgages, the terms of which actually were no more than foreclosure contracts to begin with in many cases, and were well aware that something like this was likely to occur, since we have had boom and bust economies since the Great Depression due to the Federal Reserve and it's policies, and the Senators were merely the "enforcers" in this house of cards economy these global bankers continue to create without any oversight from the representatives of the people of this nation whose own economies they have ruined.
AIG is a global insurer with over 130 subsidiaries, and appears as with the Patriot Act, the President and Congress is trying to rush this through an unsuspecting public, again, in order to CYA's and without even a cursory investigation as to just where they monies went. Is it not possible that AIG just may have transferred it's assets already to one of it's subsidiaries. It does appear that in the manner this is being legislated and determined, the Executive office and Congress do not want the public at all to be informed of possibly a "sham" bankruptcy, by appointing the Treasury Secretary, rather than a federal bankruptcy judge and trustee, to oversee these financial failings. In fact, the very word contained within the bill precludes any court or Congressional oversight. That in and of itself should have the American people beating down the doors of Congress to have these "bankruptcies" more fully investigated, before writing any of these banks and investment companies what is almost a blank check. Wording regarding "golden parachutes" or not, the Treasury Secretary has all the power and all the discretion. And look how well our own IRS is run, and how many citizens have had a run in with the bureaucratic mess of that agency?
And after all the dust has settled, the Federal Reserve bankers will have a 79% controlling share of one of the largest insurers in the world, or will be in the driver's seat in brokering off these debts to foreign nations with stronger currencies, while continuing to devalue ours, or to favored Wall Street financiers at premium prices, thus increasing their wealth (Mr. Buffett, perhaps, who invested a great deal recently in Goldman Sachs, Mr. Paulson's former employer, and whose holding company, Berkshire Hathaway, owns Geico Insurance, AIG's major competitor). The American people will be paid back, but your National Health Care Plan may be in the hands of the world bankers who are in league with the UN's and it's Global Initiatives, including population control.
And with both Senator McCain and Senator Obama's "yea" votes, last night didn't see any "change" nor any "country first," just a catastrophic "finger" at the American people, and more of McSame.
Power corrupts, and absolute power obviously corrupts absolutely.
We need actual representatives now more than ever, since last night's vote seemed more like a scene out of "The Godfather," than it did a representative government, "of the people, by the people, and for the people," whose founders cut their ties to foreign control and foreign interests, didn't do a "merger."
Source: http://www.associatedcontent.com/article/1080158/bailout_senate_flexes_i...