Buyers of these credit default swaps bet on different investment
houses and banks that would experience loan defaults. Lehman Brothers was a
good bet. These credit default swaps
could be bought even though the buyer had no financial interest in the institution
they were betting on. Unlike insurance, where the buyer had to have a financial
interest in what they were insuring, these were like bets at a casino, hence
the term "casino economics". When Lehman
Brothers went belly up, along with a number of banks, ING, the largest
insurance company in America, held most of these derivatives and had no way to
make the pay-outs that the investors demanded. To stop ING from going belly-up
the Federal Government stepped in and poured billions into the firm.
These derivatives made some investors rich, courtesy of the
Federal Government. The figures for the amount it took to bail-out Wall Street were
a calculation that "was peer-reviewed by economists at the Center for Economic
and Policy Research in Washington, D.C. This table relies entirely on
government data and represents an accounting of actual government funds
disbursed, mostly in the form of loans. Our total includes major programs of
the U.S. Treasury Department, the Federal Reserve and other government agencies
to assist the financial sector and institutions that had a role in the crisis."
All of the reasons above are the reasons why I doubt that the
United States acts in the best interests of the American people. The war taking place in Afghanistan is a
prime example of this logic. The
American people have no vested interest in that nation. This "War on Terror"
is a faà §ade for the real goal of Full-Spectrum Dominance by the United States.
The US is striving for global hegemony. Is this what the majority of Americans want?
Where does it say in the Constitution that our number one priority should be
top dominate the World?
The trouble with empires is that they not only rise, in the end
they fall. It appears that the earlier empires such as Egypt and Rome lasted
hundreds of years. As time went by, the empires that rose after lasted for
shorter and shorter times. The Soviet Empire only lasted nearly one hundred
years. How long will the American Empire last. Is it worth spending more on our
military than all the other nations on the planet together?
We spend 711
Billion dollars according to our military budget alone. This does not take
into account appropriations for ongoing wars and intelligence costs that balloon
the cost to almost three trillion dollars. The rest of the world spends 851
billion dollars combined. Why is that? It's because we have military bases in
63 different countries. "The US tends to
view the Earth surface as a vast territory to conquer, occupy and exploit.
The fact that the US Military splits the World up into geographic command units
vividly illustrates this underlying geopolitical reality". Is this what the
American people want? It's not what I want. As far as conquering the world,
just because we believe that we can, is an idea that I don't support. 53 cents
out of every dollar in taxes goes to the military. I don't think that the
majority of Americans would support that if they knew and thought about it.
This march toward global domination is insane, insane and
expensive too. Funding the military and associated intelligence agencies is
like pouring money down the toilet. If
Romney is elected Defense spending t will spike $2.1 trillion. Wow. These
people just won't stop. In all of this you can count me out. I just want to live
the rest of my life and see my granddaughter grow up.
I have simple needs and one of those
needs isn't watching my government try to conquer the world.
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