But you are right, the misnamed "financial industry" is nothing but a huge drain on our economy.

The legitimate purposes it originally served can now be carried out far more efficiently through other, less taxing, means.

The Stock market once served as a central market place where company owners could sell part of the company to raise capital for growth and was, in itself, generally beneficial. What has grown in it's place is nothing more than a casino, an abomination, that should be banned.

The other parts of "Wall Street" are equally detrimental. The quasi-private Central Banking System is a Ponzi scheme that, not only does not carry out it's primary function of currency creation and circulation well, but has become a black hole of both national and private assets through the crime of interest (usury in the Bible).

From raising capital to banking to insurance, all the functions of this beast are social necessities in their nature stolen by the parasite class and used as a gun to be put at our heads to extort our wealth from us.

"Some people can sit around and point fingers, (and there are plenty of culprits to point at) but it is unconscionable for me to think that anyone could stand by and watch millions of jobs disappear, if we DON'T bail out the big three, and think that it serves the greedy corporations right."

I ask again, were you born last night? Perhaps it was last year?

Just to satisfy, let me fill in the blanks since you seen to have a disconnect between the last few years and our history. (let me guess, the Clinton years were paradise and all was perfect)

We have stood by, no let me correct that, we have cheered on the demolition of tens of millions of lives and the destruction of millions of families and futures and a whole way of life in order to create the illusion of prosperity for at least the last 30 years, and most importantly, to create more billionaires than any other country on earth.

Steelworkers, farmers, air traffic controllers, industrial factory workers from textiles to paper to shoes, information technology, construction, electronics... (how long a list would you like? It can be quite lengthy)

How many homeless people do you ignore every day? It has been the Amerikan way for well over a quarter century to turn a blind eye to the suffering of others. Why should that change now?

Feel better now?

Well said, Sir(?)
How do you nominate a post for a DUzy?

If I were still a man of means, I would give you membership for life on DU or damn near anything you wanted for that one.

Thank you, Thank you, Thank you, Thank you, Thank you, Thank you, Thank you, Thank you,



ETA; I even put this reply in my journal so I can come back and laugh some more in the coming dark days.

"...a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government..." Thomas Jefferson, in his 1801 inaugural address


"When the people fear the government, you have tyranny. When the government fears the people, you have freedom." - Thomas Paine


"There are seven sins in the world: Wealth without work, Pleasure without conscience, Knowledge without character, Commerce without morality, Science without humanity, Worship without sacrifice and politics without principle." --Mahatma Gandhi



"I see in the near future a crisis approaching that unnerves me and causes me to tremble for
the safety of my country. ... corporations have been enthroned and an era of corruption in
high places will follow, and the money power of the country will endeavor to prolong its
reign by working upon the prejudices of the people until all wealth is aggregated in a few
hands and the Republic is destroyed." - Abraham Lincoln - Nov. 21, 1864, letter to Col. William F. Elkins


"If ye love wealth better than liberty, the tranquility of servitude better than the
animating contest of freedom, go home from us in peace. We ask not your counsels or arms.
Crouch down and lick the hands which feed you. May your chains set lightly upon you, and
may posterity forget that ye were our countrymen." - Samuel Adams, speech at the Philadelphia State House, August 1, 1776


"For too long we seem to have surrendered personal excellence and community value in the mere accumulation of material things. Our gross national product now is over 800 billion dollars a year, but that gross national product, if we judge the United States of America by that, that gross national product counts air pollution, and cigarette advertising, and ambulances to clear our highways of carnage. It counts special locks for our doors and the jails for people who break them. It counts the destruction of the redwoods and the loss of our natural wonder in chaotic squall. It counts Napalm, and it counts nuclear warheads, and armored cars for the police to fight the riots in our city. It counts Whitman's rifles and Speck's Knifes and the television programs which glorify violence in order to sell toys to our children. Yet, the gross national product does not allow for the health of our children, the quality of their education, or the joy of their play; it does not include the beauty of our poetry of the strength of our marriages, the intelligence of our public debate for the integrity of our public officials. It measures neither our wit nor our courage neither our wisdom nor our learning, neither our compassion nor our devotion to our country it measures everything in short except that which makes life worth while. And it can tell us everything about America except why we are proud that we are Americans." - RFK said this while running for president in 1968


It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. - Henry Ford


Let me issue and control a nation’s money and I care not who writes the laws. - Mayer Amschel Bauer Rothschild



Finally on a related note;
Corporate Personhood

1886 Santa Clara County v. Southern Pacific railroad - U.S. Supreme Court

In writing the case's headnote, a commentary with no legal status, the court reporter, J.C. Bancroft Davis, opened the headnote with the sentence: "The defendant corporations are persons within the intent of the clause in section 1 of the Fourteen Amendment to the Constitution of the United States, which forbids a State to deny to any person within its jurisdiction the equal protection of the laws."

A handwritten note from Chief Justice Morrison Remick Waite to Davis said: "We avoided meeting the Constitutional question in the decision." And nowhere n the decision itself does the court say that corporations are persons.

One of the most insidious aspects of "credit" is the slow and subtle inflation it creates.

There was a time not to long ago when Doctors, for example, were just another member of the community working toward the benefit of the community for what the community could afford to pay. Along comes the insurance industry with an interesting offer, "accept and treat our policy holders and we will pay you more for your services than you are currently getting".

Soon 'more' becomes the set base fee and suddenly much of the community cannot afford the Doctor's services and so is forced to 'join' the insurance pool. Soon after that the insurance company, like any competent gangster, comes back around with the demand that the Doctor run her proposed treatment by us before delivering it "since we're paying for it". Now the Doctor no longer works for herself within the community, she is for all practical purposes, an employee of the insurance company making more money in exchange for denying treatment to those not under her bosses 'protection'.

Look at the relative costs of standard goods comparing that to earnings, that is how you go from an economy where anybody with a job can buy a house and raise a family to our current scenario wherein two people, working three jobs, still can't make ends meet.

Who benefits and who pays? Put another way, "follow the money".

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. - Henry Ford

"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." Thomas Jefferson - 1802 in a letter to then Secretary of the Treasury, Albert Gallatin

"I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. ... corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed."
Abraham Lincoln - Nov. 21, 1864, letter to Col. William F. Elkins

"If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that ye were our countrymen." - Samuel Adams, speech at the Philadelphia State House, August 1, 1776

"They have sold their heritage of freedom for the illusion of a living. They have yielded their democracy." - FDR Acceptance speech, Democratic National Convention June 27 1936

Let me issue and control a nation’s money and I care not who writes the laws. - Mayer Amschel Bauer Rothschild

WAKE UP AMERICA!

It was created by an act of Congress and can be dissolved just as easily.

By legislatively abolishing interest, the profit from doing nothing more than creating and shuffling money is removed and the entire industry, which contributes nothing and represents an enormous drag on the real economy, has no reason to exist.

We (Congress) would have to simultaneously institute a currency system to facilitate trade so that the real economy can continue, fortunately all the pieces already exist and the new system can be instituted with minimal disruption.

It would be god to point out that the minimal disruption would be, to a great degree, a matter of perspective. Without the participation of the US, the global financial system would disintegrate and trade with nations that chose to remain in the current usurious system would only be possible through the exchange of real goods and services since their currency would necessarily become worthless in this country.

In effect, nearly all debts would be wiped out and a short-term system of compensation for private transactions in progress would have to be implemented to keep the real economy moving, but it would be a boon to the vast majority of Americans and in a generation, maybe less, we would achieve our often stated, yet never realized, goal of absolute equality of opportunity.

Another benefit would be that the real cost of everything would be far more accurately expressed, since without the facade of financing at interest, they could not be hidden. Many things that we believe to be cheap would become much more expensive, but by the same token, many things we currently hold dear would become much less expensive. As price becomes irrelevant, quality and innovation would necessarily become the medium of competition and the true potential of our economic capacity would more closely be realized.

One of the great tragedies of this is that, contrary to to Mr. Cumming's implication, we are not mediocre. When I say we, I am referring to the American working class, our labor, our craftsmen, our scientists, are generally the best.

Our mediocrity comes straight from the top. From their perspective, good enough is good enough, in fact, mediocre is even better because they make money from other's work, and when that work is substandard, they make more money doing it again.

The parasite class are the problem. They are the owners and executives that have no experience with excellence, really have no concept of what that is because it has never been asked of them. Nothing has ever been asked of them.

Not once in their entire lives has there ever been any personal consequence to their actions. They don't learn their lesson in school, it doesn't matter because mommy and daddy buy their way into the next grade or another school. Want to go to Harvard? No problem, we'll write a check with 5 or 6 zeros and you're in. Want to be an actor? Again, nothing that our vast wealth can't get you. Their futures were secured at conception.

The American auto industry is an excellent example, hereditary management for generations that has fought innovation and improvement since consolidation. Preston Tucker built his car in 1948 and rather than compete, the parasites that run the industry conspired to ruin him and we were deprived of a far superior product that would take 40 years and several acts of Congress to equal. It's not that we can't build a better car, it is that the people that make the decisions will not allow it.

"Build a better mouse trap, and the world will beat a path to your door" was a lie when written (it is not an accurate quote, but has become archetypal) in the gilded age and like the "American Dream II" (when pointless acquisition supplanted individual liberty) of the same era was nothing but propaganda fed to the less thoughtful so they would accept the yoke of servitude and stop fighting back.

We can go on and on, looking at industry after industry after industry, and find the same thing each time, parasites colluding to prevent progress and depriving us of our due for their benefit.

Just as you describe your experience, I saw the best of the best unceremoniously dumped (usually after being forced to train their replacements) while the worthless hacks seemed to be able to hang on. Between the ITAA fabricated statistics and our colleagues short-sighted false superiority (why would I need a union, my company loves me and I make good money? I'm not some laborer.), I saw the writing on the wall, cashed out and started the business that I wished had existed when I was traveling 95%-100% of the time.

It was a non-kennel dog boarding and day-care facility. I did a bunch of research and found that there was a great unmet demand for this kind of facility, so I broke my first rule of business, don't put money you can't afford to lose into any venture without a guaranteed return. The location was nearly perfect and I was in a very affluent area north of Scottsdale so I estimated that I would be well insulated from the turning economy.

Everything was going even better than I had projected and I had the opportunity to buy the ranchette (big house and a couple of acres) I was leasing. Now, I knew that real estate was way overvalued but the business was bringing in more than enough to justify the expense and moving a business is very risky under the best circumstances, so I decided that it would be fine to just buy them out.

I agreed to the deal on the contingency that they would complete the repairs/upgrades that they had already committed to, fixing the irrigation, replace the septic system, 2 new 3 ton AC units, either removing a foundation or completing the garage that it was supposed to be, removing 4 very large (40 - 60ft.), dead, trees, new flooring and kitchen, etc. They agreed and we did the deal for $600,000.

This was about a year before the bottom fell out of the real estate market in AZ, so I was buying at the top of the market, but as I said before, the business was doing well enough, and still growing, that it was not that important since I had no intention of selling for decades if ever.

What I didn't count on was Arizona's utter lack of law enforcement and completely one-sided government. It may be turning blueish on the electoral maps, but it is still full to the brim with Raygunites and other money-over-people assholes. I thought that, since it was written right into the contract, there couldn't be any problem with the sale. To sum it up, the sellers took the money and refused to fulfill their part of the bargain.

I went to everyone from the real estate board (the sellers were mortgage brokers), to the AG, and while everyone agreed that it was illegal and that they owed me the work or the money, they "declined to prosecute" leaving me with the option of a civil suit. Several attorneys and a few thousand more dollars later it was made clear that Arizona's real estate laws are mostly non-existent, contradictory, or unenforceable, and I was looking at $50,000 - $100,000 in expenses, 3 - 4 years in court, and a 50 - 50 chance at best. Bottom line is that the neither I nor the business could sustain the loss and survive.

Three years later, I've gone from a net worth of almost $800,000 to bankruptcy (we filed on the last day under the old law, any later and I would be even more screwed), my credit is ruined, the house was foreclosed, and I'm starting from nothing in my 40s with a, now worthless, degree in CS. My only small consolation is that mine was one of the foreclosures that brought New Century down.

us on the money created by us? The Federal Reserve was purposely created to take control of the nation by monopolizing it's currency. The Founders knew this scam very well and tried to avoid it by reserving the power to coin money and establish it's value to Congress.

By constantly abrogating it's power to those that seek to profit from it, the US Congress ensured our eventual subservience to the banking cartel.

It is worth noting, however, that prior to the creation of the Fed, the whole fluctuation of the value of our currency never exceeded 7.5%. That's about 120 years of relative stability. Also, by creating the boom-bust cycle that we have suffered under with the Fed, they create an environment far more suitable to bending national policy to their own ends. There is profit in chaos, so we get artificially created chaos.

Prior to Raygun, we laws against usury that effectively capped the interest that could be charged.

Prior to ours, no fiat currency has lasted more than 30 years. We stretched it further, but since the system requires constant expansion to avoid collapse, and since we lived in a closed system with absolute limits, the Ponzi scheme must fail sooner or later.

If you do not read this bill, you will never forgive yourself.

Page 7 is where it really starts to get good. The politically appointed Secretary of the Treasury becomes more powerful than the legislative and has authority, among many other things, to...



It just keeps getting better the further you read. The SOT has De Facto dictatorial powers over the entire United States financial system. He can designate any class of debt as excluded from any bankruptcy, he can do anything he wants simply because he wants to.

Don't believe it? Read the bill.


E to fix linky thingy

See OP

of companies to cover the scam.

The scam laid out in the OP give some indication of the problem and also why this corporate welfare giveaway won't work. From mortgage brokers to appraisers to home warranties are some of the cover they've laid over their tracks.

This really just boils down to creating a system to artificially inflate the value of their holdings to make up, or add to, the .com money, which was spawned by the influx of retirement money from the looting of the pensions and S&Ls.

asses to justify the latest robbery. They will sacrifice themselves and their children just to avoid the unknown by propping up the parasite class and thereby ensure their continued servitude.

Just look at how they lash out at anyone that suggests that maybe things don't have to be that way. They've been told, instructed, shown, and warned throughout history, often by the very people they look to as saviors (Thomas Jefferson, Sojourner Truth, Harriet Tubman, Ike Eisenhower, Adam Smith, Thomas Paine, the list is very long), but still they would rather wallow in their suffering and impose it on those around them, rather than risk the dreaded change.

Eventually of course,things fall apart (the center cannot hold) and they are taken utterly by surprise and then enthusiastically follow the loudest asshole with the worst motives to re-establish another version of the fate they just escaped and to put most of the parasites that caused their misery back in position to start doling it out again.

Since it is apparent that this thread will sink like a stone and we're basically talking to each other, let me say how much I appreciate your efforts to show them, but like so many before you, you labor under the false impression that they want and deserve better. They are like sheep and share the fate common to all sheep, but unlike sheep they are vicious, mean sheep, that will kill any goats among them in order to protect the wolves that hold them.

Good luck to us all.
& R



WAKE UP AMERICA!

& R