By Ignacio D. Fresas

First I must state I do not think we need this so called Bailout plan. We need a stimulus plan to help the housing and job creation which will solidify the floor under our economy. -Period!

Yesterday the House Rejected the Bailout Package for 700 billion dollars, 228-205. While on the same day the Federal Reserve pumped an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression and at the same time increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide.

The Fed's expansion of liquidity, the biggest since credit markets seized up last year, came hours before the U.S. House of Representatives rejected a $700 billion bailout for the financial industry.

All this happened and it did not fix the credit markets. Why?

Is it really a liquidity problem? I have suspicions that it is not. They are requesting 700 billion dollars to be shouldered by the American taxpayer to fix the so called problem when in fact they have just released 630 billion into the system. Where did that money come from and why do we still need to top that with another 700 billion?

My opinion is that money will get sucked into the abyss and they will need more to try and fill that void.

As Karl the Ticker guy explains in the in the video below the problem is threefold.

• Balance sheet transparency.
• Excessive Leverage
• Derivatives that are off exchange

But besides talking about these three factors he also explains how the Government led by Henry Paulson is destroying our Banking System in violation of the rules governing this type of crisis. He calls it a direct attack on the Capital structure of every lending institution except those favored by Henry Paulson and Ben Bernacki.

He further explains that it is a trust issue, that the Government is causing this problem by simply shredding these banks and not allowing them to go before the bankruptcy courts. People have gone from a negative savings rate to the largest savings rate in the history of the nation in only a matter of months. People are hoarding their money thereby causing a lockup in the markets.

Wall Street tried to scare congress into moving for a Yea vote by throwing a temper tantrum and plunging the market 770 points. When in fact 40% of that dip happened before the vote even occurred when they believed the vote would pass. Why?

Listen to this analysis of yesterdays happening from Karl and you decide.

So what is really going on here? Is this the beginning of the overthrow of our country by crashing the economy? Does it need to be done before our Army is deployed against us? Will President Bush utilize NSPD 51 and take control of all 3 branches of Government as outlined in that document? Credit is purposely being denied to AAA credit worthy persons and companies, why? Is this a manufactured crisis to drive an agenda?

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