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The 700 bil bailout what it means

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What the big bailout means

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Posted: September 24, 2008
1:00 am Eastern

© 2008

Do you think it's an accident?

Do you think it's just a case of bad management?

Do you think the proposed $700 billion taxpayer bailout of U.S. financial institutions just happened?

I don't think so.

In fact, I think it's part of a master plan – one pushing us inevitably, inexorably closer to a closed cashless global economic system of total control.

I know. This seems like an extreme statement. It sounds like I've drunk deep of the conspiracy Kool-Aid. But let's take a look at history.

In the beginning, crops and livestock were the measure of a man's wealth. But it wasn't always convenient or easy to trade or barter for other things people needed because of the need to capitalize quickly on a harvest or to offer goods and services far from home.

So people and nations developed systems of coinage, usually based on the intrinsic value of metals like gold and silver. This system worked well for a long time, thousands of years, in fact.

But large amounts of gold and silver were often difficult to move around. So the idea of paper currency, representing holdings of gold and silver, was the next phase. I'm sure it took a lot of persuading to convince people that paper really had value. I'm sure there was distrust at first. But, again, it was more convenient, and people accepted it.

One thing that makes it easier for governments to persuade people to accept monumental changes in the way they conduct commerce is a crisis. In the 1930s, we had such a crisis in America. There are still arguments today about what caused the Great Depression – whether it was part of a natural cycle, an accidental disaster or a conscious plot by greedy men. But it happened, and, a few people profited greatly from it – as did government.

In 1933, President Franklin Roosevelt ordered the confiscation of most gold from private citizens. They were to turn in their holdings in exchange for paper currency. This might be a tough sell to freedom-loving people in ordinary times, but these were not ordinary times. America was in the midst of a crisis. Officials explained their currency would be backed by gold in Fort Knox, so people complied.

What resulted in the coming years, through World War II, was one of the largest expansions of government and government power in American history. Along with it, Americans lost much of their liberty.

In 1971, President Richard Nixon announced the federal government would no longer redeem currency with silver. That was the last vestige of a dollar tied to a hard metals standard in America. From then on, the dollar was just a piece of paper that relied solely on the confidence of people who used it to conduct commerce.

Another major development in the way people conducted commerce came about in the 1960s with the widespread introduction of the credit card. Coupled with the development of computer technology a decade later, currency began to be replaced in monetary transactions with electronic debits and credits.

By the 1970s, there was already talk of a cashless society – though few could yet really imagine it. Today, it is inevitable. Worse yet for freedom-loving working Americans, the sanctity of national sovereignty is simultaneously breaking down. The European Union's common currency strongly suggests a growing trend toward regionalization and eventual globalization of monetary policy and standards.

It will just take us a few more crises to bring us to the nightmare reality of a closed cashless global economic system of total control – a few more crises like the one we are currently experiencing in the U.S. financial system.

Today, Americans can't work without a Social Security number. They can't open a bank account without one. It is used as the most common form of identification for Americans by government as well as the private sector. Yet, when it was introduced – and right through the period in which I received my first Social Security card in the 1960s – it clearly stated it could not be used for identification purposes.

Today, we have "smart cards" that contain all kinds of useful data about people. The next phase of the plot to take away our privacy and our liberty will be the widespread use of RFID (radio frequency) chips. You don't need to swipe your card any more. A silicon chip inside gives off a radio frequency that can be detected even if it is in your pocket.

Talk about convenience! I predict the day is coming soon that all of us will be encouraged to accept the implantation of chips like this so we will no longer have to carry cards, driver's licenses, keys to start your car and open your locks at home. This is not science fiction. It's science fact. All that holds it back from use is the next crisis.

Then, the next phase, of course, will be mandatory implantation of the chips. You will no longer be permitted to buy or sell privately. The government will have a record of every purchase, every transaction.

Do you want to understand how and why you just spent $700 billion – and probably a lot more – bailing out financial institutions? Do you want to know how this took place with very little debate or controversy? You must understand where we are headed and who is taking us there.

Americans have lost control of their own destiny. Elections don't mean much. Congressional debates are illusory. We are on a path to tyranny. Neither Barack Obama nor John McCain is going to stop it. Neither a Republican Congress nor a Democratic Congress is likely to slow it down.

Most Americans seem ill-equipped to understand what's happening or to comprehend the forces at work behind it. They seem more concerned with their basic needs and material pleasures than the fact that they are losing their birthright of self-government and individual freedom – that their children will never experience the promises of the Constitution.

What just happened? To simplify it, the government just got a lot bigger and more powerful, which means another nail was just hammered into the coffin of American liberty. And, in one of the largest wealth transfer schemes in history, a few wealthy and powerful individuals just got wealthier and more powerful – at your expense.

But this is not the end. This is not the final fix. This is not the final solution – not by a long shot. There will be more consolidations of power and money. There will be more "reforms." There will be more regulations, more restrictions on the way you conduct your affairs, more centralization and control.

Thirty years ago, I recall thinking how a prophecy in the Bible seemed a little far-fetched, like some science fiction fantasy. Today, we can see the handwriting on the wall. Some will ridicule me for stating it so bluntly. I don't care.

We're a lot closer to Revelation 13:16-17 today then we were a week ago:

"And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name."

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Very scary, it is following a plan that we can not stop. I sure wish we could! Some goverment officials wanted the Mark started back in the late '70s.

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Bill Harper
Washington, NC
252-944-5592

Your post is right on the money!

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Pine Hill Kennels
Loyd McIntire

Your 100% correct, but most of the country is deaf and blind. People don't want to rock the boat: Crime is riseing everyday and will get to the point of looting and killing to just survive. Would you watch your children go hungry? I think not, some would hunt to feed them others would steal maybe even kill to eat. Its not hard to see it going that way already. don't exspect the Gov. to help its money is allready spent on big business. Lester Holton

You are sure seeing the flashes of lightning on the horizon. Trust God and don't sell your soul no matter what it costs you.

break away form the system and be more self reliant.

Whats with the meat now in the stores??? 42 percent is contaminated with a superbug and if you taek antibiotics for your strep throat cased by this bug or your stomach problems or others symptoms it speed up the superbug and kills folks???

Thanks but no thanks..venison for us..and wild turkey..fish...

Stay close to the lord through prayer and church attendance.
and give meaningful service to friends and neighbors.

__________________
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National ID's are on the way. "Cashless" society is on the way also. Your money will go straight into a bank and you will have to use a debit card for everything you buy. Cash will be of no use no one will take it.

I for one cannot agree with bailing out the auto makers. To tell you how crazy this world has became...I bought a 07 GMC Sierra in dec 06. Never had to have credit before so it was tough to get a loan from gmac. I finally got it but my intrest rate was outrageous. The salesman told me to keep it two years, under 75000 miles, and take great care of it and come back to see him in 2 years. So I went to look at new trucks last week. Got there first thing they do is run credit before they even spend time showing you a truck. After about three hours he comes back out and says I have been turned down. I ask him how in the heck can I be turned down from a company that I ALREADY have a loan with and never even was so much as late on a payment as they take it out of my bank automatically on the 5th every month. He goes on to tell me that gmac has new rules since I was in 2 years ago. First your credit score must be 700 or above, which I have. Second you must make at least $650.00 a week, which I do working two jobs. Third I have to have a loan with gmac for 24 months, which I don't, I have for 23 months, therefore denied. He ask me to wait and come back Jan and we'll trade and get a better intrest rate which was 9.75%.

Sooooo....I really don't want a new truck, just a better rate. I went to the local bank and refinanced yesterday for 7.5% same amount of months (48) that I still owed gmac for. The bank paid off gmac for the loan. Was glad to get my business. So no, if you turn down business, good business, then you don't need bailed out. JMHO....

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I have to say yall got a good little support group going. Huddle together so yall can keep warm...trackdriver

"Kim Jong-Un speaks and his people sit up at attention. I want my people to do the same.” An actual sitting US President said that. Let that sink in.

LOL so now they need my help...

Dear Sir,

You made the right choice when you put your confidence in General Motors, and we appreciate your past support. I want to assure you that we are making our best vehicles ever, and we have exciting plans for the future. But we need your help now. Simply put, we need you to join us to let Congress know that a bridge loan to help U.S. automakers also helps strengthen the U.S. economy and preserve millions of American jobs.

Despite what you may be hearing, we are not asking Congress for a bailout but rather a loan that will be repaid.

The U.S. economy is at a crossroads due to the worldwide credit crisis, and all Americans are feeling the effects of the worst economic downturn in 75 years. Despite our successful efforts to restructure, reduce costs and enhance liquidity, U.S. auto sales rely on access to credit, which is all but frozen through traditional channels.

The consequences of the domestic auto industry collapsing would far exceed the $25 billion loan needed to bridge the current crisis. According to a recent study by the Center for Automotive Research:

• One in 10 American jobs depends on U.S. automakers
• Nearly 3 million jobs are at immediate risk
• U.S. personal income could be reduced by $150 billion
• The tax revenue lost over 3 years would be more than $156 billion

Discussions are now underway in Washington, D.C., concerning loans to support U.S. carmakers. I am asking for your support in this vital effort by contacting your state representatives.

Please take a few minutes to go to www.gmfactsandfiction.com, where we have made it easy for you to contact your U.S. senators and representatives. Just click on the "I'm a Concerned American" link under the "Mobilize Now" section, and enter your name and ZIP code to send a personalized e-mail stating your support for the U.S. automotive industry.

Let me assure you that General Motors has made dramatic improvements over the last 10 years. In fact, we are leading the industry with award-winning vehicles like the Chevrolet Malibu, Cadillac CTS, Buick Enclave, Pontiac G8, GMC Acadia, Chevy Tahoe Hybrid, Saturn AURA and more. We offer 18 models with an EPA estimated 30 MPG highway or better — more than Toyota or Honda. GM has 6 hybrids in market and 3 more by mid-2009. GM has closed the quality gap with the imports, and today we are putting our best quality vehicles on the road.

Please share this information with friends and family using the link on the site.

Thank you for helping keep our economy viable.

Sincerely,
Troy Clarke


Well troy. I contacting my representative alright and let him know exactly how I feel...

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I have to say yall got a good little support group going. Huddle together so yall can keep warm...trackdriver

"Kim Jong-Un speaks and his people sit up at attention. I want my people to do the same.” An actual sitting US President said that. Let that sink in.