What does it matter which domino toppled which in the deleveraging derivatives casino? Let’s not overcomplicate the obvious. You can Rob Peter to pay Paul, but in the final analysis, a bailout is a bailout, is a bailout …
We can deliberate over bailing out all the various players along the chain of deleveraging bets from private sector businesses to unions to quasi-government, to cities and states, but it all stems from the same collapse of the same fraudulent Ponzi scheme (it’s just that the banks “got theirs first”).
What is crystal clear is that the U.S. Health Care System, and Taxpayers will NOT be bailed out–those are some of the resources from which Government expects to greatly reduce costs or extract debt repayment (more to come on the growing Health Care debacle).
Cap and Trade will be another way to exact debt repayment, by way of “penalty-taxing” businesses, who will in turn raise prices to compensate, and ultimately the consumer/taxpayer foots the bill. This is not inflation, but rather government appropriation (another pass-through bailout, like AIG) that will manifest in a 50-100% increase in your utility bill, for starters.
The central oxymoron that must be distracting the sheople is the idea that if the US economy is so healthy now, why does ANYBODY need a bailout – just look at the DOW – it’s flirting with 9000 and everything’s WONDERFUL (ooops, sorry it just dropped 200 points this afternoon–but don’t worry–Golden Sacks can fix that by tommorrow).
One is well served to remember that all this lunacy is due to the fact that the Central Banks refused to be coerced into nullifying the toxic claims of the fraudulent derivatives. This is why the FDIC and Geithner are unable to sort them out, and instead pawn off the fraudulent assets in PPIP (like a kidnapper of poisoned neighborhood cats sells them off to shady Asian restauranteurs).
This is why the Fed ordered AIG to pay Golden Sacks 100 cents on the dollar, and this is why Obama takes his orders from Fed cartel swing-man “Tiny Tim” – all because the most heinous swindlers of the fascist Oligarchy commanded it to be so, pillaging the middle class to fill their coffers with stolen taxpayer booty – and your government, whether you live in the U.S., or Russia, or China, or India is POWERLESS against the global banking cartel to do anything about it.
And in the final analysis, we the sheople are bailing out FRAUD. Fraud that we had NOTHING to do with, and did not engage in–actually rewarding criminals with extorted debt repayment claims in one form or another, instead of prosecuting the guilty.
If you want something done right my fellow Americans …. guess who’s going to have to do it (hint: it isn’t going to be the Fascists on Capital Hill).
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My comment is not for this particular post. It’s the way I view not only this post but your entire site. KEEP UP THE GREAT WORK!!! Our tax dollars has already made these white collar criminals too wealthy already!
But why should they think any different? We’ve bailed out these people several times over the past century. They knew the taxpayers money would come to the rescue when they entered their ‘den of theives’.