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November 18, 2008 at 08:37:46

Must Read 1   Well Said 1   Inspiring 1   View Ratings | Rate It

Promoted to Headline (H2) on 11/18/08:
Bailout Czar Kashkari Squirms Under Interrogation

by mike montagne     Page 1 of 2 page(s)

www.opednews.com

 

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Infowars has posted a page with several videos showing Dennis Kucinich (D-OH, Chair) and Elijah Cummings (D-Maryland) of the Oversight Subcommittee on Domestic Policy, grilling Neel Kashkari of the Treasury Department about the handling of purported bailout funds, and the prospect there is going to be any tangible positive benefit of any potential policy changes/improvements. They ask questions about issues such as "negative equity,"- which of course are ultimate consequences of price inflation and *intended* escalation of multiplication of debt. But the hearing raises no question which would exact the nature of the problem.

The following link opens the InfoWars page in a separate tab/window (comments I post to InfoWars regularly do not appear on their pages):

http://www.infowars.com/?p=6001&cp=all#comments

This is the page to which my comments respond, but I also embed the YouTube videos:

Elijah Cummings asks Neel Kashkari if he is a chump to AIG, which has given out 503 million dollars in bonuses, while taking 154 billion in taxpayer funds:

General questioning by Kucinich, which after establishing the background, questions what fundamental will solve any of the problems. In fact Kucinich is stating the conditions which require mathematically perfected economy™. He asks Kashkari what they are doing that is going to avoid a Tsunami of further foreclosures? What are they doing about negative equity? (There is nothing they can do; so they aren't solving *anything*.):

Kucinich asks if the Secretary of the Treasury (Paulson) is even listening to Kashkari. Kashkari begs for an opportunity to give examples of how he is helping home owners, telling us that (if the system had its way) we would suffer even worse. Kucinich corrects Kashkari, who claims the Secretary (Paulson) is passionate about helping home owners, while in fact he has sent a signal to banks to do what they want with the money, and the bailout is virtually not going to help home owners at all:

Brian Bilbray (R-California) testifies that the federal government is very inefficient about managing such assets. Kashkari describes some hair-brained scheme "to attract private"- capital to the rescue (which of course means 1) using the same circulation which should be committed to something else; and 2) *further indebtedness*):

Kucinich nails Kashkari, asking who he is really working for:

Kucinich questions preparation of testimony preceded the Treasury Departments subversion of the bailout act. Kashkari responds with ambiguous, unqualified claims of accomplishment and dedication"- what he cares about, etc.. Kucinich replies that Paulson appears to have gutted the act and sent signals to banks that the foreclosure crisis isn't something the bailout is necessarily even concerned about. Kucinich asks, "Hello, are we in a different universe here?"- How do you reconcile the policy reversals?:

Senator Chris Dodd (D-Connecticut) questions Kashkari that banks receiving the bailout funds are actually using them to buy other banks:

Senator Chris Dodd (D-Connecticut) questions Kashkari about whatever techniques may be successful at arresting foreclosures. Kashkari responds he is passionate about doing so. But of course, all this could be arrested immediately by transitioning to mathematically perfected economy™. He CLAIMS to be looking for comprehensive solutions. Dodd reminds him every day of delay means another 10,000 foreclosures. Kashkari claims to understand the sense of urgency. But of course, we could stop all the foreclosures if he weren't *more passionate* about exploitation:

RESPONSE TO INFOWARS PAGE (NOT PUBLISHED BY INFOWARS HOURS AFTER POSTED)

While to his credit, Mr. Kucinich exercises a serious posture, no one here is getting at the meat of the matter.

The reason there is a "crisis"- is the imposed system inherently multiplies debt by ever escalating increments of ever greater periodic interest on an ever greater sum of debt. The crisis therefore is comprises of *inevitable* conditions, produce by a system which from its inception was intended to exploit the people as much as possible. While of course that process serves the people in no way whatsoever (because we who produce our production are the real creditors [being as we accept paper/whatever] can issue our own promises to pay without cost to extrinsic parties who produce nothing [the privatized "monetary"- system]), its fault is that the underlying process, so long as it exists, is both irreversible and inevitably terminal.

How so?

 1  |  2

 

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mike montagne is the founder of PEOPLE For Mathematically Perfected Economy™ and original author/engineer of mathematically perfected economy™ (1979), the singular integral solution for 1) inflation and deflation, 2) systemic manipulation of the cost or value of money or property, and 3) inherent, irreversible multiplication of debt in proportion to a vital circulation, engendering inevitable systemic failure at a finite system lifespan defined by an inevitable, terminal sum of insoluble debt. Mathematically Perfected Economy™ is every prospective debtor's right to issue their promise to pay, free of extrinsic manipulation, adulteration, or exploitation of that promise, or the natural opportunity to make good on it.

 

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