Sound American economics promoters have been pulling their hair out for years warning Americans of what is happening right now. What the mainstream economic "experts"- and bankers call the "business cycle"- is nothing more than the grinding of the economy up and down through compounded debt bubbles. These debt bubbles usually deflate into "recessions,"- but sometimes burst into "depressions."- The sub-prime mortgage collapse is a perfect example of this.
Now the Congress, with this bailout-which was roundly rejected by the American people-has once again slapped the people in the face by passing it, even referring to it in genuine Orwellian fashion as "the Rescue Plan."-
To imply that a few dozen of the richest individuals in this country (most of whom received multi-million dollar bonuses this last year) need to be given more of OUR money after losing all of theirs through bad business decisions is like saying O.J. Simpson didn't just go to jail today for kidnapping and armed robbery (because he did).
The most important factor, however, is that this "$700 billion"- number is a smokescreen. As of the week before the bailout was first rejected by the House, the Federal Reserve had already lent out over a TRILLION dollars to failing lenders. This is two weeks ago now. The number has shot up since then.
So while we've been bitching and moaning about this "bailout"- in Congress, the Fed has already surpassed their obscene price tag in spades.
Please understand what is happening right now: the rats are scurrying from the burning and sinking ship of our economy. This is completely pre-planned, as one of the few things standing between total world domination and the New World Order is these united States, and our super-power status. This status served the NWO well for decades, but our usefulness to their nefarious purposes has expired, I'm afraid. Now they are ready for their one world government-itching for it-and we must be turned into a third world nation before all can be set in place.