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Taxpayers Arise! The True Meaning of Cramer-vs.-Stewart Debate

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opednews.com Headlined to None 3/14/09

Every U.S. taxpayer should watch this edition of The Daily Show: Part 1, Part 2, Part 3.

Keep you ear open to how many times either Jon Stewart or Jim Cramer mentions the fact that banks have been using "35-to-one leverage" in their derivatives trading.  What exactly does this mean?  Well, it means that they were betting 35 times their net worth that the markets would go up, up, up ...forever.

And when they finally found out that it was all just a bubble, which would not continue inflating forever (surprise!), they suddenly found themselves up to their keisters in debt for 35 times their net worths!!! 

What to do??? 

Oh, no problema.  The government, acting as agent for the taxpayer, would commit the taxpayers to pay their debt!  Sweeeeet for most of the billionaire bankers (though too bad about the few like Madoff, whose guilt was much easier to expose)!  Too bad too for the taxpayers that they elected a government that was immediately willing to lay this mountainous debt on their innocent backs...

...or did they really elect their government?  Jon Stewart now needs to invite on to The Daily Show representatives of the national TV news community that failed to report a single word of the abounding evidence of the election theft that has been going on for the past decade...

If anyone has the slightest doubt that some of our "elected" representatives and officials are covering up the election fraud committed on their behalves, watch Tucson local TV newscaster Bud Foster interviewing attorney Bill Risner regarding evidence of election theft in Pima County, AZ.  (It comes out in this interview that LOCAL Democrats -- AND REPUBLICANS -- are finally united in their desire to expose this fraud ...while AZ Attorney General Terry Goddard, a Democrat, has repeatedly frustrated Risner's lawsuits demanding access to public records that would finally reveal the truth!)

 

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Ph.D. in Physics, Brown University, 1966. Fellow, American Physical Society. Fellow, American Association for the Advancement of Science. Fellow, American Ceramic Society. Research Physicist at Naval Research Laboratory (NRL), Washington, DC, (more...)
 

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Taxpayers Arise! The True Meaning of Cramer-vs.-Stewart Debate

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As an elections inspector and daughter of a man wh... by Jennifer Hathaway on Saturday, Mar 14, 2009 at 7:14:53 PM
The system is crooked. By bailing out, the taxpaye... by Arktig Silver on Sunday, Mar 15, 2009 at 12:02:18 PM
Besides having our elections stolen and our money ... by Carol Crown on Monday, Mar 16, 2009 at 10:37:22 AM