America's Financial Crisis

[crusader1492]

Re: Bush administration: financial crisis

So you don't think Bush is an idiot? If you mean that he is just a pawn playing the game I can understand that.

And I happen to agree with you by the way. People should be up in arms about this - if this was any other country you would have massive amounts of people storming the White House and putting these higher-ups on trial (read: kangaroo court). In any other country you would have a reaction *at least* equal to the one our Republic experienced in March.

When things get bad enough in this country, bitter resentment will set in and the above scenario you illustrated will come to fruition. The US is just not there yet. However, if this economic collapse is as bad as many experts are saying it is, the above senario you illustrated may come to fruition sooner, rather than later.

I'm glad I bought an apartment in Yerevan...I may be moving there sooner than I thought ( I just have to figure out a way to make a living there - especially since the the Dram is going to be worth more than the Dollar )

[freakyfreaky]

Re: Bush administration: financial crisis

Armenian always simplifying things.

There have been protests and petitions concerning the proposed bailout plan.

http://money.cnn.com/2008/09/25/news/economy/bailout_protests/index.htm?section=money_latest

(The public backlash against the Bush administration's proposal to use tax dollars to bailout Wall Street spilled into the streets Thursday.

"People all over the country are up in arms about this," said David Elliot, a spokesman for grassroots advocacy group UsAction. "Our members are livid, and they're hitting the streets."

TrueMajority.com, an online forum for activists, said its members had organized 251 events in more than 41 states to protest the bailout.

Several other grassroots organizations were involved in the protests, including Democracy for America, the Association of Community Organizations for Reform Now (Acorn) and labor unions.")

Petitions to Paulson, Leftists up and arms, and even Gingrich is fiercely opposed. http://www.todayonline.com/articles/278095.asp

[Azad]

Re: America's Financial Crisis

I have the impression tomorrow (Friday) is going to be a catastrophe for the stock market.

[Armenian]

Re: Bush administration: financial crisis

And I happen to agree with you by the way. People should be up in arms about this - if this was any other country you would have massive amounts of people storming the White House and putting these higher-ups on trial (read: kangaroo court). In any other country you would have a reaction *at least* equal to the one our Republic experienced in March.

Anywhere else on earth there would already have been a bloody revolution. Just look at our resident Freak, he is still after Kocharyan and Sargsyan

Besides MTV culture that ruins the spirit, fast food that ruins the health and entertainment that intends to dumb down the human mind, there could be more to the apathy expressed today by the typical American. The following is something to seriously think about:

FLUORIDATION- Mind Control of the Masses

by Ian E. Stephen

Part 1

This story has a beginning, it has a middle but it has no ending. The 'ending' will undoubtedly be written in countless hospital records, on tiny gravestones, in the bones of the crippled and on the hearts of the bereaved. Even so, the true cause of the 'ending' will never be advertised. One record that slipped past the establishment net is duplicated herein but, believe it or not, the existence of this 'death certificate' has been denied, in writing and to overseas scientific inquiry, by Australian administrators.

What follows is but a fractional part of the 'middle' of a story that began before the turn of the century and which was provoked by a statement contained in an 'Address in Reply to the Government's Speech to Parliament", as recorded in Victorian Hansard of 12 August 1987, by Mr Harley Rivers xxxxinson, Liberal Party Member of the Victorian Parliament for South Barwon. Hence the title.

The relevant Hansard abstract is reproduced herewith. It is emphasised that the writer imputes Mr xxxxinson with no other responsibility for the contents of this thesis than being the parliamentary 'trigger' which motivated it and the researched data which it contains.

"At the end of the Second World War, the United States Government sent Charles Eliot Perkins, a research worker in chemistry, biochemistry, physiology and pathology, to take charge of the vast Farben chemical plants in Germany.

"While there he was told by the German chemists of a scheme which had been worked out by them during the war and adopted by the German General Staff.

"This was to control the population in any given area through mass medication of drinking water. In this scheme, sodium fluoride occupied a prominent place.

"Repeated doses of infinitesimal amounts of fluoride will in time reduce an individual's power to resist domination by slowly poisoning and narcotising a certain area of the brain and will thus make him submissive to the will of those who wish to govern him.

"Both the Germans and the Russians added sodium fluoride to the drinking water of prisoners of war to make them stupid and docile."

In a book written by Dr. Hans Mollenburgh of Haarlem, Holland, called Fluoride - The Freedom Fight, the author describes the ultimately successful endeavours to free the Dutch people from water fluoridation. (Those endeavours included the only properly conducted double-blind study ever done anywhere in the world into the effects of tap water fluoridated at one part of fluoride to 1,000,000 parts of water (1p.p.m.)

One brief passage is headed "Perkins", and a reproduction of that section gives sufficient confirmation, by a remote and independent source, of the "xxxxinson Statement" as printed in Hansard, to reinforce the need for additional investigation into this one 'behaviour control' aspect of the fluoride debate and relate it to 1987. (The entire "Perkins" paragraph is reproduced below.)

Elsewhere in this book, Dr Mollenburgh also relate how that first "Perkins" anecdote was confirmed in differing ways and from the reliable independent sources.

"Perkins"

"When 1971 was drawing to a close, I received a paper containing a strange story. This story was to haunt us repeatedly throughout the long, drawn-out battle. It was a story resembling science fiction - bizarre and unbelievable. There are those who warned me not to even mention this story, and I can appreciate why. On the other hand, the task of an historian is not to relate things as they should have happened, but as they actually did happen.

"..The Perkins saga was different from other fluoride stories.

"The story of industries hoodwinking the public into buying a pollutant as a medicine is simply a 'whodunit'. Grotesque though it may sound, it is no more than 'the consumer fraud of this polluted century' (as described in Fluoridation and Truth Decay by Gladys Caldwell). But the story I now read was different: it gave one the cold shivers. It told of a chemical engineer, Mr. Perkins, who related how immediately after the Second World War he was one of the Americans put into the well-known I.G. Farben Company in Germany. There he discovered that I.G. Farben had developed plans during the war to fluoridate the occupied countries, because it had been found that fluoridation caused slight damage to a specific part of the brain. This damage had a very particular effect. It made it more difficult for the person affected to defend his freedom. he became more docile towards authority.

"Scientists in the camps of both opponents and proponents of fluoride have always dismissed this story as mere poppyxxxx, but it had a life of its own and reared its head time and again. It fed the suspicions of many people that 'there was more to fluoridation than meets the eye'.

"As far as I know, there is no one who has done any serious research into whether the fluoridated person is really more docile, easier to rule, more impressed by authority than the non-fluoridated ones. There is, though, one peculiar thing: every Dutch doctor has a medical reference book for 1984. One of the chapters is entitled "Tranquillisers". Looking at the 'minor tranquillisers' I find twenty-four substances: their chemical formulae do not show any connection with fluoride. However, there is also a heading, "major tranquillisers". Of those there are twenty-seven, and seven of them are a fluoride compound. One of theses is Semap. It is one of the strongest anti-psychotic substances we know. This means that twenty-five per cent of the major tranquillisers are connected with fluoride. I do not draw any conclusions. the only thing one can say at this point is, with Alice: "curiouser and curiouser!"

Induced Apathy

Actually there is little that is novel in the concept of controlling the minds and manners of the multitude by chemical/dietary means. That is was practised by Hitler's regime is made the more credible when we know that as far back as 1938 the US Government, an ally to boot, and the government of a democratic Christian country, was considering the transformation of American citizens and others into 'zombies' by a number of proposed techniques. The US Army searched for 'the perfect incapacitating agent', according to General Fellenz, 'to put in the enemy's water supply'. Included in the drugs tested were the hallucinogenic LSD and the amnesiac BZ (10 times more potent than LSD), and a 'schizophrenic agent called bulbocapine'.

The "Rockefeller Report" to the United States President on CIA activities said:

"The drug program was part of a much larger CIA program to study possible means of controlling human behaviour".

One drug which received special attention in the 'fifties and early sixties, under the cryptonym of MK-ULTRA, was suxamethonium chloride (listed under a number of product names including Anectine), a halogenated anti-cholinergic agent with all the symptomatic side-effects up to and including cardiac arrest ascribed to these agents in the medical literature. Please retain the term 'anti-cholinergic' in mind, for owing to the health implications attendant on this particular anti-metabolic activity, it figures repeatedly in this thesis. Note: An adviser to the US Government on hypnotism or psychological behaviour control, Dr. George Estabrooks, later became Chairman, Department of Psychology, Colgate University. Internationally, Colgate was and remains the most ardent producer and advocate for the fluoridation of a domestic product - fluoridated toothpaste. Now, should the reader's mind be already boggled to the point of disbelief, there are two facts which, if known about and/or remembered, may instil sufficient confidence in that which is even more 'boggling' and is yet to come.

* Bromine (or Bromide) tea was administered to the enlisted men during the First and Second World Wars. The halogen (bromine) ingredient was said to quell the libido of the men and thus limit likely forays into the 'dens of iniquity' and the acquisition of venereal disease.

* The second fact is that, today, all Australian military establishments provide their own halogenated (fluoridated) water for the troops resident therein, for the official reason that the element is good for the developing teeth. Either we have a very immature military force, all under that age of twelve years when the mythical effect of fluoride ceases to exist, or else there is another more obscure, less altruistic reason for this drug 'treatment' of the troops.

Later on in this text we will recall certain happenings relative to ex-trainees from these establishments and the paradoxical effects of fluorides on behaviour of the human being.

The Cartel

The Parliamentary "xxxxinson Statement" refers to the "vast Farben chemical plants in Germany." It has been said by Anthony C. Sutton in his book, Wall Street and the Rise of Hitler:

"Without the capital supplies by Wall Street, there would have been no I.G. Farben in the first place, and almost certainly no Adolph Hitler and World War II."

Inteessen Gemeinschaft Farben (Interssen Gemeinschaft der Deuschen Teerfarbenindustrie or, simply, I.G. Farben) was a German chemical manufacturing concern that supplied the chlorine gas used by Germany during the First World War, but the eventual creation of the huge I.G. Farben cartel began in 1924 when American bankers began to arrange foreign loans in what Professor Carroll Quigley terms "the Dawes Plan, largely a J.P. Morgan production."

In 1928 Henry Ford merged his German assets with I.G.Farben, to be followed by the American Standard Oil Company (the Rockefellers) who, in concert with I.G. Farben developed the coal-to-oil hydrogenation process.

In a letter to Roosevelt from Berlin in the early thirties, the US Ambassador in Germany, William Dodd, said:

"At the present moment, more than a hundred American corporations have subsidiaries here or co-operative understandings.

"The Duponts have their allies in Germany that are aiding in the armament business. Their chief ally is the I.G. Farben Company, a part of the government which gives 200,000 marks a year to one propaganda organisation operating on American opinion.

"Standard Oil Company... sent US$2,000,000 here in December 1993 and has made US$500,000 a year helping Germans make ersatz (a substitute) gas (the hydrogenation process of converting coal to gasoline) for war purposes: but Standard Oil cannot take any of its earnings out of the country except in goods.

"The International Harvester Company president told me their business here rose 33% a year (arms manufacture I believe) but they could take nothing out.

"Even our airplanes people have secret arrangements with Krupps.

"General Motors Company and Ford do enormous business here through their subsidiaries and take no profits out."

The I.G. Farben assets in America were controlled by a holding company, American I.G .Farben, which listed on its Board of Directors: Edsel Ford, President of the Ford Motor Company; Chas. E. Mitchell, President of Rockefeller's National City Bank of New York; Walter Teagle, President of Standard Oil of New York; Paul Warburg, Chairman of the Federal Reserve and brother of Max Warburg, financier of Germany's war effort; and Herman Metz, a director of the Bank of Manhattan, controlled by the Warburgs.

It is a very interesting fact of history that three other members of the Board of American I.G. Farben were tried and convicted as German 'war criminals' for their 'crimes against humanity' during World War II, while serving on the I.G. Farben Board of Governors. None of the Americans who sat on the same board as those convicted was ever tried as a 'war criminal'. Throughout the entire Second World War conflict, not one bomb fell on the I.G. Farben headquarters in Frankfurt, Germany, allegedly as a consequence of Allied orders. In 1938, I.G. Farben borrowed 500 tons of tetra-ethyl lead, the gasoline additive, from Standard Oil. During 1939, the year Germany invaded Austria and Poland, the Standard Oil Company of New Jersey loaned I.G. Farben US$20,000,000 worth of high-grade gasoline. In 1939 the American Aluminium Company (Alcoa), then probably the world's largest producer of sodium fluoride, transferred its technology to Germany (the Alted Agreement). The Dow Chemical Company transmitted its experience and technology in that same period.

Germany's two largest tank manufacturers were Opal, a subsidiary of General Motors (J.P. Morgan), and the German subsidiary of the Ford Motor Company. Even with the purchase of oil from non-German sources, the major supplier of oil was still the Farben cartel. The I.G. Farben-Standard Oil co-operation for the production of synthetic oil gave the I.G. Farben cartel a monopoly on German gasoline production. Just under one half of the Germans' high-octane gasoline in 1945 was produced directly by I.G. Farben, and most of the balance by its affiliated companies. So in 1941 when cylinders of Zyklon B, the deadly cyanide-based extermination gas made by I.G. Farben, were lethally unvalved on inmates of Auschwitz Bitterfeld, Walfen, Hoescht, Agfa, Ludwigshafen and Buchenwald, there were more than substantial links between huge American technology and German manufacturers.

[...]

Source: http://www.ivanfraser.com/articles/health/fluoride.html

[North Pole]

Re: America's Financial Crisis

Ron Paul during the CNN interview: "We cannot afford 700 billion dollars in protecting an Empire. It has to come to an end because the truth is we are flat out broke and we have to borrow every single penny to fight that war from the Chinese."

Source - http://youtube.com/watch?v=EF37-9OGblw



It seems like the Chinese Communists changed their minds so now all-capitalist America are going to run out of money....


China asks local lenders not to lend to U.S. banks

Sept. 24, 2008

HONG KONG (MarketWatch) -- Chinese regulators have asked domestic banks to stop lending to U.S. financial institutions in the interbank money markets to prevent possible losses during the financial crisis, the South China Morning Post reported Thursday. The China Banking Regulatory Commission's ban on interbank lending of all currencies applied to U.S. banks, but not to lenders from other countries, the report added, citing a source.

http://www.marketwatch.com/news/story/china-asks-local-lenders-not/story.aspx?guid=%7B389CCD2E%2D9D08%2D4A8B%2DA512%2DF1B3E0B0BE19%7D&siteid=rss

China Told to Halt Lending to U.S. Banks

Thursday, September 25, 2008 1:52 PM

BEIJING -- Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.

The Hong Kong newspaper cited unidentified industry sources as saying the instruction from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to U.S. banks but not to banks from other countries.

"The decree appears to be Beijing's first attempt to erect defences against the deepening U.S. financial meltdown after the mainland's major lenders reported billions of U.S. dollars in exposure to the credit crisis," the SCMP said.

http://www.newsmax.com/newsfront/china_loans_us/2008/09/25/134378.html?utm_medium=RSS

[Armenian]

Re: America's Financial Crisis

Time for a gold rouble?

There used to be a habit of framing old Tsarist bonds and putting them on the wall. Lenin's decision to renege on the Russian imperial debt meant that it became mere paper, interesting only as a historical relic. In the light of the recent financial crisis in the USA, could the same thing happen now to the bonds issued by the American government, and could the country which has dominated the world for the last half century now enter history as a bankrupt state? And what can Russia do in the circumstances?

The decision by the US government to inject $700 billion into the financial system means that the already gigantic annual budget deficit of the American state (previously some $450 billion a year) will now rise by a factor of three. The total state debt of the USA will rise to well over $11 trillion. It is obvious that such a colossal debt can never be repaid. Instead, it will be serviced by more debt in the future. The contrast with Russia, which has painstakingly sanitised its state finances to the point that it now has more money to lend than the IMF, could hardly be greater. The recent financial crisis itself grew out of this American culture of debt. To some extent, all countries share it: since 1914, all countries use paper currencies, i.e. debt instruments which are never redeemed. Whereas before the First World War, bank notes were essentially vouchers for specific amounts of gold cash, now the "promise to pay the bearer" (which remains inscribed on British bank notes) is in fact hollow.

In America, this basic culture of debt is aggravated by the fact that other countries use the dollar itself as a reserve. This means that the United States can export dollars in order to pay for its imports without the dollar losing value. Other states also need dollars to buy key commodities like oil. The USA can therefore export paper currency almost indefinitely - the famous "deficit without tears" analysed by the great French economist, Jacques Rueff. Naturally, if the state itself encourages such a culture of debt by issuing unredeemable paper currency to pay for imports, and by accumulating such mountains of debt, then it is no surprise if the American financial markets themselves operate on the same basis. But the collapse of those markets is only a symptom of a much deeper problem, the basic insolvency of the American state itself.

What can Russia do about this? At first sight, Russia's role in the international financial system does not seem very large. However, as a major exporter of hydrocarbons, her role in the world economy is actually very important. As the age of the dollar draws to a close, Russia will have to consider selling her oil and gas not in the devalued American currency, but instead in the euro used by most of her customers. It is surely unnatural for two geographical neighbours to do such large volumes of business using the currency of a distant and now ailing nation. Second, the Russian leaders might also consider making their own currency, the rouble, convertible into gold. The idea of gold convertible currencies is extremely unpopular among most economists: they dismiss gold as a "barbarous relic" (to use the famous phrase of John Maynard Keynes) and suggest either the present regime of paper currencies or, at best, a link to a basket of commodities.

Both these solutions are highly artificial and based on the same level of state control which has now just so spectacularly failed. Indeed, which is more "barbarous" - the reintroduction of gold as an instrument of payment, or the practice of amassing huge quantities of the precious metal to keep it locked underground in the vaults of central banks? The contempt of the Keynesians notwithstanding, it is an indisputable fact that gold does remain the ultimate store of value, which is precisely why states own so much of it. Russia has less to fear than other countries from the introduction of a currency convertible into gold. Governments are typically hostile to gold because it reduces their discretionary power over the currency and the economy: they say that the money supply cannot be made dependent on the production of gold mines. In reality, this argument is bogus because the amount of mined gold already in existence vastly exceeds the yearly production, so mining does not in fact have an appreciable impact on supply. But, as it happens, Russia is a major producer of gold anyway and therefore to some extent controls production.

Secondly, Russia is vulnerable to her status as an exporter of primary materials - and as an exporter generally - especially in the age of inflation which is about to dawn. The more the Russian economy exports, the more her national paper currency will rise, making those exports more expensive. This is bad for an export-oriented economy. By contrast, the value of a gold rouble would depend not on the trade balance of the Russian economy at all, but instead simply on the price of gold itself which generally remains stable with relation to other commodities. Russia has shown surprising success in putting an end to the unipolar world of which American strategists have dreamed now for over a decade. There are no permanent victories in diplomacy, however, but a shift in the structure of the world financial system would help to entrench recent gains.

John Laughland is a British historian and political analyst, and Director of Studies at the Institute of Democracy and Cooperation in Paris.

Source: http://en.rian.ru/analysis/20080924/117072937.html

[meline]

Re: Bush administration: financial crisis

The Fed already decided to bail them out, so it will be the "slow death" scenario, I guess. Give some more time to the masses to relax and stay calm until they run a few more public procurement contracts in Iraq. The calm before the storm

[Armanen]

Re: Bush administration: financial crisis

Well too many people in the u.s. have it nice and don't want to rock the boat. For all the talk about freedoms and cherishing them, most people care about their wallet and being able to make a living, not liberty or the other so called foundations of america.

Bush isn't an idiot, he is a puppet though and he must have done something right for the powers that be to put him where he is.

[yerazhishda]

Re: Bush administration: financial crisis

No, the fu*king idiots are the sheeple who continue to wallow in their ignorance and know more about who is leading in the BCS rankings than the shi*y state of their nation.

So you don't think Bush is an idiot? If you mean that he is just a pawn playing the game I can understand that.

And I happen to agree with you by the way. People should be up in arms about this - if this was any other country you would have massive amounts of people storming the White House and putting these higher-ups on trial (read: kangaroo court). In any other country you would have a reaction *at least* equal to the one our Republic experienced in March.

[Armanen]

Re: Bush administration: financial crisis

No, the fu*king idiots are the sheeple who continue to wallow in their ignorance and know more about who is leading in the BCS rankings than the shi*y state of their nation.