+1 to that!

"US Taxpayers could be on the hook for Europe bailout"

No.....Absolutely not.....No F'ing way.....

Greece has had TWO bailouts ALREADY... the EU is a TOTAL FAILURE.

I am so sick and tired of hearing these crony lying SOBS telling us if we don't give them our children's money the world will end.

Keynesian economic central planning is a TOTAL FAILURE and the BANKSTERS and their SCHILLS in governments at all levels will NOT LET IT DIE. They have TOO MUCH to LOSE.

Ron Paul 2012.... The one candidate who has been telling us this for 15-20 years.

AND ... before we even think about it ... let the EURO fall below the dollar!!!

You are CLUELESS if you blame this on TEA PARTY and if you blame this on OBAMA.

This is a problem of the FEDERAL RESERVE and CENTRAL ECONOMIC PLANNING. It is also a failure of the EU.

BOTH parties have carried the water for the globalist bankster for DECADES.

Blaming RIGHT and LEFT is a tool used to keep the idiots asleep.

Wake up America. Turn off FOX NEWS and MSNBC... quit pretending these entertainers are "journalist".

End the Fed.

Maybe we need to re-think this "global economy" thing and keep to our own U.S. economy.

America has already bailed them out twice this year. Maybe its time that they learn to deal with their own financial problems on their own.

America is not the Worlds piggy-bank, and we need to start taking care of America and the American people for a change.

Oh BROTHER!!! June 6, 1944 all over again!

the EU is a TOTAL FAILURE.

That's the problem with Socialism...It always fails!

Let's be honest, instead of using us as the middleman, they might as well go directly to China and ask for the loan.

The article says the borrowing authority ends in November...I hope it's not renewed. There is no way I want to bail out European countries so they can continue to get more benefits than they can pay for.

If it was something like an African country where people were starving, that would be different. But printing US dollars that will ultimately result in inflation in the US, just so somebody in Greece can get 6 weeks of paid vacation a year is absurd.

Wasnt bombing that area into fist sized rubble, storming across it with huge armys, and ending the dictators hold , along with then paying to rebuild everything, and keeping a military there to protect them , enough? Now that want our grandchildrens money too? I say we start bombing all over again.Does Patton have a great grand son?

Not noted yet, is the fact a couple of large American banks are already heavily committed to the European financial challenges. We all sit back and say we are not going to bail out our banks - forgetting that our government has regularly asked our banks to bail out European banks. Any failure there hurts our financial system.

This is a two edged sword.

When this country was founded I thought it was to be run by a representative government elected by the people. Who elected Geithner or Bernanke?

Liquidate the Federal Reserve.

Fire Geithner today! Why does this man still have a job? What has he done that's worked?

Instead of pointing fingers at the different parties, let's start looking at the architects of the financial mess we're in:

Henry Paulson, Ben Bernanke, Timothy Geithner, Alan Greenspan, Goldman Sachs in it's entirety....

I know it would take a constitutional amendment, but the Treasurer of a state is an elected position...as is the Attorney General. Why aren't we able to vote for these positions when they affect all of us on a Federal level?

madone_99301

Zorroaca

Can we just once not interject ANY political crap into a thread like this. It is SOOO OLD AND WORTHLESS.

This is about GLOBAL/International stability.

IF WE DO NOTHING WE ARE SCREWED.

This is the GREAT GLOBAL ECONOMY THAT WAS PUSHED ONTO US BY BIG BUSINESS AND THE POLITICAL BACKERS THAT MADE IT HAPPEN. THANKS FEDERAL RESERVE.

Now our survival requires we bailout every incompetent BUSINESS AND COUNTRY.

Look at the first bailout. We paid off 24 countries and businesses that lost money in the global economy.

THIS SUCKS

This is more Baloney from the EU. I have a message for the EU:

PAY YOUR OWN BILLS!

imrightnotyou ... and the garbage you just wrote is not political!!!!

It's global politics my friend!!! And it does SUCK!!!

another ponzi scheme folks, get ready for it... bend over the barrel real slow and easy, relax, and......

funny how all of a sudden in being there is a deadline approaching, its now a global emergency. see, the euro is doing better than the American dollar, and not to mention, what kind of bailout did we the taxpayer see from the IMF, or the EU for that matter? i have to agree with post #1.0 no way! no fhucking way! not to mention we have always been the bad guys to these morons, and oh, so looked down upon... the last think i want is 1 to give them 1 iota of help, 2 listen to more bs from any country that has no likeing for us, 3 have some snub nosed pompous pos laugh anymore behind our backs for being an idiot... 1st by electing the pos in the whitehouse, 2nd for being so dam gullible to bail everyone out who has a hand looking for $$ other than the real people who have needed it for the past 3 dam years!

maybe the EU needs a revoulution to get their own house in order for a change?

OK, so we're trading their Euros for our dollars in an environment where there is a elevated risk of Greece and other nations defaulting, causing the Euro to collapse leaving us with worthless Euros and the European banks with valuable dollars. Who all sees this as yet another really dumb idea?

Global economy. Free trade etc. This all means American business has extended it's reaping turf. American tax payers have been paying for this all along and will continue to do so.

For those of you who have never teetered on the edge of the Grand Canyon...welcome to the show. You have a front row seat in the collapse of an economic civilization.

And everyone, including myself, thought 2012 was just so much fooey. lmao.

"We all sit back and say we are not going to bail out our banks - forgetting that our government has regularly asked our banks to bail out European banks." - Occam's Razor

You're right. And then when things go south -- like they did when our government told our mortgage industry to lend to high risk home buyers -- guess who is going to be blamed for their "risky investments"? That's right...the banks, not the government that pushed them there.

Thank you, Mr. Rogers. And screw an EU bailout! ENOUGH ALREADY!

I hate to say it, but I honestly think it's going to come down to another revolution. Washington is just completely out of control, and that include White House, Congress, Senate AND Supreme Court. Anyone who thinks one party or one person is responsible for this cluster is sadly deluded.

If we continue on the path we've been on, for the last 11 years in particular, we're the ones who are going to need a bailout. Anyone think the EU is going to step up to the plate for us? Doubtful.

Gee where is Fiesty and Retired with their typical blind faith backing of the Obama Administration in this insanity? I guess even those zealots can't defend the indefensible.

It's difficult to face up to how so very many here have absolutely no clue how the US is economically tied to the rest of the world; it's embarrassing. It's a little bit too late to demand isolationism, guys.

"US taxpayers could be on hook for Europe bailout"

WE Will Absolutely NOT Be On the HOOK! WE are NOT part of European Union. Mr. President, YOU better step-up to plate on this!

But, on the other hand, this could just be more media sensationalism.

flbikerchick , I'm with you on your post above.

I haven't been angered in a long, long time, but this better not occur.

Mr. Rogers: That was the most truthful statement made out here in a long time. The media constantly mis-directs and reports opinions rather than facts, and uses the media outlets to keep Americans divided so that they can assist the government in controlling the masses. Turn OFF the news America, and turn ON your brain.

"Our concern is that innocent American taxpayers will pay for yet another bailout -- this time to one or several countries whose spending and debt choices led them to financial calamity,”

Why in the World would we inject ourselves into that 'calamity in the making' that will likely soon result in the collapse of the Euro? Trading Dollars for Euros makes about as much sense as putting more money into Solyndra right now.

Too late Leiya. This snowball started down the hill in 1941.

Considering that Germany and France have shafted the USA every chance they got, I say let them bail out their own dam mess, or go fall flat on their faces trying. Don't give one more dam penny of our money to bail them out.

Wake up people. Some one some where (or group of them) is doing everything in their power to collapse the economy of the USA and implement a new reserve currency for the world. The US economy will collapse under it's own power within the next 10 years. We certainly don't need the Europian socialists debt on top of ours.

The economy could not have gotten from where it was 20 years ago to where it is today by accident. Some one or group of people are orchestrating the collapse of the USA. They are collapsing the economy by spending outrageous amounts of money on every imaginable boondoggle they can create propaganda for (estimated 5 trillion as a result of 911 alone). They created, then gutted social security while we stood idly by and did nothing. They are doing everything in their power to destroy the paradigm of industry and decency that this country was built upon (socialism and political correctness) yet we have more people in prison (for horse crap) than any modern country in the world. They are creating legislation to drive jobs out of the country in massive numbers. They are indoctrinating rather than educating our children in police officer infested schools where they are trying to make the rocks look like rocket scientist while holding back the rocket scientist. They have created and protected industries which have caused the cost of health care to skyrocket FAR above rational reasonable cost meanwhile proffering a delusion that it is your RIGHT to have it. They are controlling every aspect of our lives and even raping our personal space in order to break our freedom loving will (think TSA Molestation and seat belt laws). And when the hammer comes down, I'm betting very few of the industries and resources that support our way of life will be in the hands of Americans.

Who? I don't know. But I'm betting that out of the 2,483 supposedly paranoid schizophrenic conspiracy theories out there, twenty or thirty of them are true. It doesn't take a rocket scientist to read a couple thousand years of history (or just a couple hundred for that matter) and realize there have been more conspiracies than truths in ALL governments. It's the nature of the beast. There is just too much money and power to be had for the liars, cheats, power freaks, thieves and even the average selfish jerk to leave it alone. Problem is, you will drive yourself as insane as the conspiracy theorists trying to figure out which is which. It wouldn't matter though if we the people had not become such selfish, shallow, lazy, stupid, self righteous, cowardly, spoiled, narrow minded, short sighted puppets of the media and the ideologues. (Did I mention stupid and selfish?)

You want to stand up and take your country back? You had better start by realizing that damn near EVERYTHING you hear in the media is a lie, exaggeration, or distraction from the meaningful. Then you can reject BOTH political parties of bought and paid for professional politicians. Regardless of all of the rhetoric to the contrary, there is not a dimes worth of difference between the two. Of course that won't help much if you don't start thinking logically as though you have a brain; look at the BIG picture; learn to leave people to their own sick twisted ideas of Utopia; start working for what you get; turn down free political Popsicles (they cost you more than you can possibly imagine); realize that government CANNOT and SHOULD NOT protect you or take care of every aspect of your life; quit tying up the political and legal processes over a dog that crapped in your front yard; and stop thinking you are entitled to anything other than freedom.

Personally, I think it's too late. America is too far gone. We must keep electing the same tweedle Dumocrat tweedle Repuglican professional politicians into office.

5 to 10 years from now when the world is still funding the PIGS to avoid default, it will finally become obvious to all that this game can go on forever! By that time the pundits will realize that central banks can and will print all the money necessary to keep the world "solvent". We "the people" will continue to be fed an endless diet of financial news about the end of the world and the need for endless bailouts that will keep our minds off ongoing,incremental, world war. In the meantime the U.S. as the CEO of NATO will continue to play the role of the world superpower and domination of world politics/resources/sea lanes/air power/nuclear superiority,etc. Hunker down folks and husband every resource because it is the human race that will pay the price as the U.S. and "friends" conquer the undeveloped world. The big guys will be left for last! Its' not a bad plan really if you are on the right side. Be happy you are in the U.S. and not the Middle East or Africa.

WHY NOT?
We bail them out of everything else.

Just curious who in the hell is going to bail the US out? Seems to me like we may need soon.

its good to see post 1.7 mr rogers and others starting to wakeup to the ponzi puzzles.

and soon as the americans wakeup to the rep and dem puzzle to and channel there anger towards washington and not towards each other,then the nation will begain to fix its wounds.a great movie free on utube for rookies to start learning about central banks is american dream.

Sadly I can just keep posting this because it keeps being accurate and applicable...

“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.” – Andrew Jackson, President 1809-1817

Hang all the bankers. They are the ones taking the world down. Bilderberg group?

On September 11, 1990 at 9:09 PM, President George Herbert Walker Bush spoke before a joint session of Congress, regarding the Persian Gulf War. Among other topics, he stated that the war presented an opportunity for a "New World Order" to emerge.

How do you like the REPUBLICAN President's "New World Order"

1.42

rick perry went there and so did bill and hilarly clinton.

hilary clinton got finded 350,000 for going there,because of the logan act

great post 1.44

Roy Wilson "Why in the World would we inject ourselves into that 'calamity in the making' that will likely soon result in the collapse of the Euro?"

It appears most of you have already forgotten what tanked the world economy. Anyone remember those things called DERIVATIVES, CREDIT DEFAULT SWAPS, BUNDLES OF BAD MORTGAGES SOLD AS TRIPLE AAA?

Our Wall Street...and Our Bankers...ripped off the entire world, not just americans. Govts all around the world invested in this crap, thinking they could make a little more money for their pensions or to simply fund their govts (it wasnt just govts that invested, but they took a huge hit). Schools, local govts, every day investors...they lost every thing.

And we then bailed out the banks, who screwed everyone in the first place...rather than bailing out the people who got screwed.

So WHY WOULD WE BAIL OUT EUROPE?

Because we screwed them to begin with, and if we dont help them and they do collapse - they'll never be players in the american financial markets again.

Most of us think thats a good thing - but every single Politician who's financial banking comes from a corporation/bank/individual who's made their wealth in our financial markets, wont stand for it.

This division between right and left - has been intentional, to keep us distracted from the theft that both parties are perpetrating against us. and we all just play along, dumb and dumber...thinking this is all real, and if only we got "our way" we could fix the world in a half an hour.

The Mayan Calendar never predicted the end of the world in 2012, rather many believe its the end of an era and the beginning of a new era.

I can only hope that means we transit away from personal greed, and transit towards a social impact - in which we all agree to work together, towards a common good - that rewards personal hard work and innovation, not manipulation and corruption.

Some may say that im a dreamer, but im not the only one.

I don't see how we can even go back to our own economy, We DON'T A MAKE A G-D THING anymore. Hey Luminator you hit the nail on the head. We've been soldout by our own goverment

ok we bailed them out after WWI and WWII , now they want us to bail them out again? we cant even bail our own butts out, or is the plan the barrow money from China to give them.

Yet a Job's Program for We the people ...?

Gives People a Tantrum..!

What the Heck.....?

Which is a No Brainer boehner...................................................................................

Can we give Austrian economics a try yet? Or should we keep throwing more fiat dollars, bailout money, and stimulus at it like the Keynesians want? Hayek Yes!

Ron Paul was right! Starve the Beast! End the Fed! Veterans for Ron Paul 2012!

Yes, they should be on the hook, because at the end of the day this financial crisis started in the US. A lot of the banks and certainly the Greek govt. bought the mortgage-backed securities that started this whole mess. The Greek govt. based in large part its net worth on the value of those securities, which allowed their entry into the Euro. The Eurozone countries are all linked, so if Greek goes down the pan, they do and that causes the US and rest of the world to go down with them.

You can moan about the US Govt. not providing proper oversight of Wall St., but at the end of the day the govt. is of the people, by the people and for the people. Therefore the individual taxpayer at the end of the day is responsible for these mistakes.

These politicians represent YOU. If you don't like what they're doing, then run for office.

any idea why they collapsed this thread?

we already sent a trillion over there that wasn't advertised. We are a light version of what they are doing. They promise everything to everyone and run up massive debt and WE have to bail them out too?

Let them pay their own bills or pay the price. Greece will go under and probably needs to, just as argentina did and they rebounded ok.

At what point will every country in the world see what is going on in Europe and here and realize it just don't work? We seem to want to copy everything they do even though they have more debt/gdp than we do. It just astounds me.

We can't even come close to paying our own bills and Geithner wants to pay Europes??????? This really chaps my @ss. So get ready for our interest costs and inflation to soar as we borrow and print more money for Euroland.

Turbo Timmie needs to go away. Far away. The azz didn't even ask for our opinion before promising crap we can't deliver on in the first place.

Ron Paul 2012

End the Fed and tell the EU to wipe their own azzes.

Bingo lynsepug!

This is so Stupid, we basically fund the International Banking Cartel to the tune of Billions every year and have been for decades. Stop watching the bought Media and do some research..

Has anybody listened to Ron Paul? The so called Conservatives show their ignorance everyday, you have a perfect Candidate that everyone can support, pull your head out of the sand and listen to Ron, he speaks the truth...

No Matter how stupid you think it is, I also believe this in the works. One government, one currency, one military which will be used to keep us in line and the WTO which will be ruled by the super rich. We all will work for a place to live, owned by others, and we will do as we are told. No more freedoms, as we all will be in the same boat. This is no longer about money. This is about power.

HEYYYYYY, BARRACK HUSSEIN, GEITHNER, BERNANKE AND THE EU,,,,,,,,,F**K YOU!!!!!!!!!!!!!!!

Don't you DARE give the EU another fu**ing penny. We still don't know how much you gave them during the TARP disaster. This is getting absolutely ridiculous. Who the hell is going to bail us out when these economies finally crash completely?

AND THEY WILL CRASH!!!!!

They have to. Just like our bankrupt economy will crash. There are no more economies sustainable in Greece, Italy, Spain, Ireland and Portugal. Their ridiculous socialist wet-dream is OVER. They are unable to be rescued unless they agree to Draconian austerity policies are placed. THEY WON'T! Just like our own nanny-state mentality that permeates the self-pitying Liberal Progressives who are willing to give up their Freedom and Liberties for the sake of some small safety. These safety-nets are no longer sustainable here or in the EU. How much more evidence is needed? It's a national shame when we have indoctrinated this level of dependence on a government that can't even cut $100 Billion in waste, fraud and abuse out of $500 Billion in Medicare and Medicaid.

Germany already holds $22 BILLION of Greek debt. Credit Agricole has $35 BILLION of Greek government and public debt. BNP Paribas and Societe Generale have $11 BILLION of Greek debt each. This is 1/3rd of their GDP!!!!!!! Their economy is as stagnant as ours. Markets are convinced it will slow even more, how will they even think of paying all this money back? None of the banks can sell any of the debt which has already lost 21% of its value due to increased interest rates. They can't. Like last year’s rescue package, this year’s deal if approved, will only buy some time.

BNP Paribas has $31 BILLION of Italy's debt and Credit Agricole has $17 BILLION. The Index of Economic Freedom ranks Italy 29th, the lowest in the Eurozone. The same issues that caused Lehman Brothers to collapse here are developing in France and the other EU banks. Credit Agricole relies on short-term funding for almost 25% of lending for long-term mortgages. This reliance makes a bank very vulnerable to exactly what happened to Lehman. U.S. money market funds are key to these short-term fundings. These have been cut back by almost 45% as of August.

Most of these problems stem from the banks avoiding marking-to-market their portfolios of Greek, Italian and other troubled debt securities. EU Banks are applauding bank stress tests of 5%-6.5% of Tier 1 capital ratios when most countries are requiring 10%. According to Deutsche Bank the Eurozone banks need to finance over $2 TRILLION over the next 5 years. When the non-EU banks begin to distrust the EU banks this is a recipe for disaster. When Germany even hinted that they were preparing contingency plans to support its own banks, the markets all reacted negatively.

The most telling results of all of this is that Merkel and Sarkozy have required that all the Euro-dollar nations adopt balanced budget amendments to their Constitutions. Odd, didn't the Republicans propose that in our debt-ceiling debates with Cut, Cap and Balance? It should be humiliating to us that France and Germany are telling their nations to do what we had proposed, but was summarily dismissed by Hairy Reed and the Democrats.

I imagine now that we gave our Socialist in Chief an additional $2.4 TRILLION Dollars increase in the debt ceiling he will most likely just waste it as fast as possible on more social and economic justice nonsense. With everything that is happening in the Western markets he STILL believes Keynesian stupidity of borrow and spend will somehow work. The great Mistake of 2008 MUST be NOT be allowed to happen again in 2012. Our nation can't afford it anymore.

ABO (Anybody But Obama) 2012

Is there anyone on this planet except for the taxpayer that this administration will not bail out? And why bail out the Europeans? Do that and they'll never realize why socialism never works.

We need to just bite the bullet and begin impeachment proceedings. There's plenty of reasons: Fast & Furious, Solyndra, lying in general, etc.

NO! Enough of taking from us and our children, to fund the whole dang world! Bad enough foreign countries have our jobs, but our elites in DC think they can keep taking and taking from us to give to whomever they choose!

Enough!

The global elite that think they can keep social engineering and plotting country's economies, have royally screwed up everyone....time to get rid of the WTO, the UN, IMF, G-8, G-20 and all the other G's, giving our hard earned money to global and domestic organizations has to stop, NOW!

Roy Wilson-336103 #1.33,

Why is it so hard for anyone to see what the problem really is? I guess it's true, people fail to study history and therefore they are doomed to relive it.

Hint: http://www.infowars.com/press-let-rip-at-obama-spokesman-over-exclusion-from-secret-meeting/

markmich.......

Bernanke and Geithner will MAKE SURE the U.S. is heavily involved in providing more taxpayer dollars to the IMF for Worldwide redistribution.....through whatever means......and that includes bailing out ANY AND ALL EU countries. And, their intentions are probably fully endorsed by Mr. Obama.

Seems like the IMF and all the G-(series) summits has all member Nations in check. I wonder what is going to happen if Greece, Italy, Spain, etc., does not provide enough austerity measures ? Will the G-8 mandate WAR on them ?

The G-8 summit Leadership in the French resort city of Deauville in May 2011 indicated their intentions on the following:

".....an intensification of austerity programs across the globe. They also reiterated their resolve to overthrow uncooperative regimes by means of war."

http://www.wsws.org/articles/2011/may2011/pers-m28.shtml

Mr. Geithner was at this meeting. Did he agree to the G-8 Leadership's suggestions ? And, how much taxpayer money did Mr. Geithner give away at this meeting, and at other G-series summits ?

Jessica-1170252 "Roy Wilson "Why in the World would we inject ourselves into that 'calamity in the making' that will likely soon result in the collapse of the Euro?"..........It appears most of you have already forgotten what tanked the world economy."

So you want to "Blame America"? When to they repay the $Trillions that Europe owes us from WW2 (in current $dollars).

Europe is a failed experiment in socialism, and the Germans have finally gotten to the point of no longer subsidizing the Southern Europeans, so why should we take up the banner?

We can't afford to subsidize them - let them suffer the consequences of their actions.

Anybody that thinks that inflation is not poised to flare needs to have their heads examined.

The nice thing about government debt is that the governments can print as much money as they wish to pay their debts. Of course, that leads to massive inflation, but that's a small price to pay, and they can usually find someone/something else to blame - Just look at Obama.

Every economist worthy of the name knows that heavy duty inflation (like the 14% per year under Carter, if not worse) is coming soon, but we don't see any warnings in the media - That might make Obama look bad, just before an election.

There's a reason that Gold is now about $1,800 PER OUNCE.

LOL - Dont you guys see? The big money in this Country isn't going to let these Banks fail... They own our Politicians, They have major dollars all over the world. These banks failing would cost them millions..

You guys fight amongst yourself and don't even see the real truth.. Republicans and Democrats are being lobbied into the ground as we speak..

Propping up Wall Street is something both Parties have in common...

Well, well, well. At last people are beginning to wake up to the reality. Think the financial crisis of '08 was bad? Enjoy living on beans and rice? Wondering where or how you'll ever find a job? This has been going on for generations and really got a foothold in 1913 when the US congress gave over it's constitutional right to coin its own money to a private banking cartel known as the Federal Reserve.

Do some research into why the congress in 1913 handed over the money to the federal reserve. It happened because of artifical runs on the banks, creating a banking panic. JP Morgan was the architect of that little bit of joy. The International banking cartels are the most powerful people on the planet, they use and play with countries, currencies. they create crisis and use taxpayers to bail them out. End the Fed. Now. It is a massive ponzi scheme, full of fake money and propped up by politicans who haven't a clue as to what is really happening.

Mark my words, Geither and Bernanke will print more fiat money and prop up those banks, they will say they have to to prevent currency collapse. Remember Bernanke before congress, stating he wouldn't say where the bailout money went? It went to foreign banks, the same banks now clamouring for a bailout of the EU and the Euro. Think the number was 1.4 trillion, the official bailout number, the unofficial numbers are many TRILLIONS more.

This is why the original teaparty got started, ignore the other crap. Taxed Enough Already....that is the real issue here and what says the American taxpayer has to take it in the shorts AGAIN, to prop up failed banks and failed economies?

Engineer: Captain the financial markets are melting down!!

Captain: Scram! Scram! Scram!

Engineer: Too late Captain!!

*BOOM*

I am so sick and tired of hearing these crony lying SOBS telling us if we don't give them our children's money the world will end.

Your children haven't earned any money, yet.

At the rate we're going there won't be any money for children to earn, they just get to shoulder massive amounts of debt.

HERE IS A LITTLE FOOD FOR THOUGHT

5,865,696,000,000 miles in a light year LIGHT TRAVELS AT 186,000 MILES PER SECOND.

$14,000,000,000,000 US national DEBT

ldo

markmich.......

Bernanke and Geithner will MAKE SURE the U.S. is heavily involved in providing more taxpayer dollars to the IMF for Worldwide redistribution.....through whatever means......and that includes bailing out ANY AND ALL EU countries. And, their intentions are probably fully endorsed by Mr. Obama.

I'm wondering how much Goldman Sachs has invested in the Euro and the EU countries and how much it stands to lose if the US doesn't provide a bailout.

Goldman Sachs Shorted Greek Debt After It Arranged Those Shady Swaps

Read more: http://articles.businessinsider.com/2010-02-15/wall_street/30029418_1_goldman-sachs-goldman-first-swaps#ixzz1YDrYhIyK

Goldman Sachs arranged swaps that effectively allowed Greece to borrow 1 billion Euros without adding to its official public debt. While it arranged the swaps, Goldman also sought to buy insurance on Greek debt and engage in other trades to protect itself against the risk of a default on those swaps. Eventually, Goldman sold the swaps to the national bank of Greece.

Despite its role in creating swaps that may have allowed the Greek government to mask its growing debts, Goldman has no net exposure to a default on Greek debt, a person familiar with the matter says.

Here is a unique idea. Find out why these European countries are in debt. If Goldman Sachs and other white collar criminal giant financial corporations are involved, HOLD THEM ACCOUNTABLE!!!

How about taking all of the Wall Street giants to court and hold them fully accountable for their predatory lending, derivatives fraud and credit default swap gambling fraud. They should be paying for their damage to the global economy.

The United States is "on the hook" to bail out Europe's Central Banks because the European central banks OWN the "Federal Reserve" & the "Fed" OWNS our government, controls/buys our politicians (right up to the presidency), and owns the media.

Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks,
a very well kept secret, has been revealed:

Rothschild Bank of London
Warburg Bank of Hamburg
Rothschild Bank of Berlin
Lehman Brothers of New York
Lazard Brothers of Paris
Kuhn Loeb Bank of New York
Israel Moses Seif Banks of Italy
Goldman, Sachs of New York
Warburg Bank of Amsterdam
Chase Manhattan Bank of New York

Close the "FED", imprison or deport all "FED" board members.

"I believe that banking institutions are more dangerous to our liberties than standing armies.
Already they have raised up a monied aristocracy that has set the government at defiance.
The issuing power (of money) should be taken away from the banks and restored to the people
to whom it properly belongs." -- Thomas Jefferson, U.S. President.

"It is well that the people of the nation do not understand our banking and monetary system,
for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford

"The Federal Reserve banks are one of the most corrupt institutions the world has ever seen.
There is not a man within the sound of my voice who does not know that this nation is run by
the International bankers." -- Congressman Louis T. McFadden (Rep. Pa)

The "Fed" is owned by the dirty European Central Banks. When Greece collapses and European banks fail, we will pay. Just as we paid when BUSH bailed out our dirty failed bankers with taxpayer debt.

Bush and his DESPICABLE cronies should be in prison and Obama has kept the same filthy WALL STREET RATS IN THE WHITE HOUSE.

DUMP OBAMA!

Joe-755363

I'm wondering how much Goldman Sachs has invested in the Euro and the EU countries and how much it stands to lose if the US doesn't provide a bailout.

Joe, obviously ALL the major banks are invested. We have to submit to the fact that we are no longer the economic super-power we once were. The outrage should be,,,why? The other fact we have to submit to is for decades we have been allowing the greatest industrial export economy to just leave. For nearly 100 years we have allowed Progressivism to collude and rape our Republic of its sovereignty. Once we handed over the keys of our monetary system to a clandestine cartel of financial manipulators, we began our downfall. Then we allowed them to spread their corruption via a fractional reserve banking system where institutions are allowed to create money out thin air. As We The People became preoccupied with the American Dream, which was subsequently bastardized into "Keeping up with the Joneses", we neglected to be vigilant of our governments corruption.

I have no qualms with the global economy. But I do have qualms with the free-market not controlling it. I am constantly amused by ALL the economists who are ready at the switch, AFTER a crisis occurs, to give their "solutions". Where were they before the crisis occurred? I only remember three economists that predicted the housing/credit collapse. Nouriel Roubini, Nassim Taleb and Peter Schiff were summarily dismissed and literally ridiculed as early as 2003 when they began to see the developing bubble. George Soros even predicted a "super bubble". Even non-economists like Mort Zuckerman, John Paulson and Brooksley Born predicted this as early as 1998! Where were Greenspan, Bernanke, Geithner, Henry Paulson and Paul Krugman? Where were all the exalted "authorities" that claim had we not committed to TARP or the $timulu$ we would be in a Depression?

These are the reasons our economy must and will collapse. If not this year, it will be in the next 2 years due to our extending the government’s credit card by raising the debt ceiling. Why? Because we rewarded bad behavior by the AIG's, BofA's, GM's and others with taxpayer dollars. We have taken the element of fear out of failure. Our banks, in concert with the EU's calamity, will collapse again. The problem is who will bail us out? When we allowed the largest creator of the worlds reserve fiat currency, the Fed, to collude with the largest legislative body in the world that can abuse the Fed, our Congress, we created an unsustainable situation. We allowed ourselves to believe that the very people we honored with our greatest weapon, our vote, would be honest and accountable. We were, and continue to be wrong. When we toss around budget deficits in the TRILLIONS of dollars, most people can't even wrap their heads around that kind of debt. The numbers we are dealing with are numbing. How can ANYONE honestly believe we can continue on the path we have created and somehow pay off $14.6 TRILLION dollars of National Debt, $55 TRILLION dollars of Total U.S. Debt and $115 TRILLION dollars in unfunded liabilities?

Had we allowed the banks, insurers, GM and other industries to collapse in 2008 free-market forces would have cleaned out the losers and rewarded the winners. Could it have driven us into a deeper recession or even a Depression? No one knows. As I stated above, the "economists" are used as a ruse to tell us we would or wouldn't. But they don’t even know. How can they? The global economies have never been in this situation. By the end of 2012 we will have a National Debt of nearly $17 TRILLION dollars as Barrack Hussein is already dipping into the cookie jar to the tune of $500 BILLION dollars for his useless “Jobs Plan”. That leaves about $1.7 TRILLION dollars from the debt ceiling increase to spend. I have serious doubts that our out of control spending government WON'T find a way to spend the rest easily. Then what? What do we tell the ratings agencies then? How do we strengthen our economy on short term infrastructure jobs when we have no exportable industries left to revive? A progression of short term tinkering will never correct the lack of a long term plan.

Our situation IS just as grim as the EU's. The same resistance to severe austerity measures for fear of losing alleged safeties runs rampant in our society. Even as our entitlements consume our budgets and create deeper and deeper deficits and debts the Progressives refuse any corrections to be applied. What is happening in the EU is very real. As we continue to refuse to accept that our fate will be the same we are just prolonging our agony. Without Draconian deficit and debt reductions we will be a major player in the global collapse that may very well be impossible to fix.

As Ron Paul stated last year, "We have lived, as a nation, far beyond our means and the message is, for the foreseeable future, that we will be forced to live beneath our means as this debt is paid".

The biggest question we have to ask ourselves is, how far beneath our means are we willing to live?

Time will tell.

markmich

all I can say is bravo! 1.78 may be one of the better posts I have ever read.

I pointed to GS because of the presense they have inside the government administrations that regulate (or don't regulate) them. BofA, Citi, Chase, GE financial, and many others just as guilty.

When they were failing I was fully in favor of allowing the free market to find the corrections. Let them go under. Yes, it would have been painful and the recession may have been worse and more immediate, but from there we may have had recovery.

By increasing the debt as we have, I cannot foresee recovery. We can't afford the debt maintenence at $14 trillion....how are we going to manage it at $17 trillion next year? Or $26 trillion in 2018?

If our Government allows this to happen then it time to replace our dysfunctional corrupt politicians.

Time that the people take back the power and take care of America first.....

If you believe anything Geither says i have some swamp land i want to sell you.

Markmich...you are very correct. Unfortunately, middle/upperclass taxpayers - the ones posting here - are willing to tighten our belts for the greater good of America (as long as the Fed is abolished first). It's the "entitlement" crowd that will be out in the streets burning their neighborhoods, looting and killing because they are asked to tighten "their belts." This has been purposefully made into a class warfare. Entitlement mentality has no clue how much the taxpayers are taking a hit for their comfort. They will never "get" that free ain't free.

Well all you hardcore capitalist suckers, let's ask the communist chinese for a loan. "Communism has failed!" Doesn't look like communism has failed to me or is it all those American jobs the rich SOB's in this country gave Communist China? Yep, capitalism is grand. Helps the rich, kills the middle-class and physically will kill the poor. Or, we can take our Government back from the rich communist sympathizers.

Exactly!!!

We can't even solve our own probems and now we need to again help others?!?!?!?!?

Regardless of how we got here I think it might be time for some Isolationism. Time to Stop, Drop and Roll. Bring home the troops, bring back the jobs, stop outsourcing and start reling on OURSELFS!

In the short term it will be very hard but if we rebuild our own manufacturing. Install solar panels on the Southeast US, put up up wind farms wherever the wind blows and drill for our own oil. Tell the big oil companies (Just like other contries have) "Sorry that's our oil and by the way we are keeping all the equipment also". They have made BILLIONS off our backs.

Remember the steel industry we used to have before companies decided to send it oversees? Time to ramp that up in PA, OH & WV again.

Used to have a company called RCA, so I know we know how to make electronics.

All those farmers we pay to NOT plant food...guess what lets plant away! Food can be a great currency. If we still have to trade great; here is a bushel of corn for that barrel of oil. Seems like a fair trade...WHAT you don't think so? Well unless you eat you aren't gonna be drilling for that oil. We can go old school, horses pulling equipment. I think we got some people who might have a good handle on that.....Amish.

Obviously I know that this all sounds good on paper and will be much harder to really do but you get the idea.

At least their citizens actually have a safety net.

Can you really call it a safety net when the weight of it is a large part of what's pulling them underwater?

All I gotta say is that I want to put Geithner's, Obama's and Pelosi's personal fortunes first in line to be tapped for this "loan" to the EU.

Why the hell should the rest of us bear the burden of stupidity of this administration?

Can we give Austrian economics a try yet? Or should we keep throwing more fiat dollars, bailout money, and stimulus at it like the Keynesians want? Hayek Yes!

Ron Paul was right! Starve the Beast! End the Fed! Veterans for Ron Paul 2012!

At least it's nice to see an issue that both the right and left largely agree on...:-)

The U.S. is coming to Europe's financial rescue.

WTF? Like we can even take care of our own finacial matters responsibly.

It is a bad idea to be bailing out Europe with US dollars. We are already in a 15 trillion dollar hole. Does Obama want to be the first president in history to increase the national debt by 15 trillion on just his watch alone? If we could live within our means, and pay off the debt, we would have hundreds of billions extra cash laying around each year thanks to not having to pay interest on loans. Our government is like a household. Imagine what freedom we would have if we didn't have a mortgage to pay anymore? It would mean hundreds or thousands of extra dollars in our pockets every month. Same would go for our government but in billions instead.

Xx

I suggest that you look up the 1959 Steel Strike and its affect on the Steel Industry.

Geithner is an a$$. If he thinks we US taxpayers are going to pay out of our pockets to bail Europe out, he is mentally deranged. We can't even get out ourselves out of debt and he expects us to bail someone else out.

Fire his a$$ for even suggesting we bail Europe out.

The FED is out of control. They need to put it under treasury or can it. Geihtner is a man on a money printing mission and needs to go. Let whatever is enevitable happen, deal with whatever downturn and move on. This is rediculous. So what could they have done here with the trillions they have printed?

slodon,

Thanks for pointing out the 1959 strike...I just read the Wikipedia article and it was very interesting.

In case anyone else is interested, here is the link:

http://en.wikipedia.org/wiki/Steel_strike_of_1959

sorry mellisa but you know its a bad idea and i know its a bad idea, but that will not stop it from happening. its not like they are going to take a vote and majority rules! the guvment will do as they see fit with your money.. and nothing you can do about it. vote these crooks out!...............make room for the next crooks! sad but true... your great great grandchildren will still be trying to fix this mess the feds have created long after you and i are gone..

Slodon,

I agree that was an issue that contributed to the downfall of American Steel. I can see both sides of it too. Without getting into the politics of it, my point was we know how to make steel and better than the imported stuff.

If we agree to have it be done by union workers at a reasonable wage (I by no means am a union supporter) then that would put LOTS of people to work. 1. Workers to rebuild/refit the plants. 2. Workers to make the steel. 3. Trucking to get the raw product to the mills and then out again. 4. Workers to mine the raw products for steel manufacturing. 5. Workers to survey and find the raw products.

Lots of people could have jobs and we would be helping US citizens not ones in the EU.

Let's filter a few more billion dollars (or hundreds of billions) into the abyss that we may never see again, it is almost like we are being bankrupted on purpose.

If my taxes are going to be used to bail out Europe, I'm going to stop paying my taxes.

Let them take me to jail, at least I'd be guaranteed a roof over my head and three squares.

Bingo!! Daniel, This Country is being systematically dismantled, and has been for about the last 40 years

There is nothing wrong with a global economy. Humanity should act as one. There is, however, a problem with THIS global economy... greed.

What we have today is a congress and treasury.head...and many bureaucrats who bow down to wall street..and take all the profits they can..then put any and all losses on the tax payers. We have a crooked congress folks..we voted them all in and have allowed this to happen. Yet..we still have people who believe every word one party or the other hands out to them. Fact is..alll of congress takes money from lobbyist for any reason they can. This guy Perry seems to think it is a joke when something was said about his taking funds from a drug company...of course, the amount of those funds was higher than the 5K talked about.....and that he joked about....all politicans are allowed to take funds from lobbyist or the very wealthy....if anyone thinks for a minute they are not getting something for their money..then we all are getting what we vote for.

And the light dawns!!!!

Money is power. Without it, the power to resist surrendering sovereignty and our constitutional rights is eliminated.

With no other source of power authorized to control our money and interest rates, through repeated bouts of inflation, THE FEDERAL RESERVE is responsible for the inflation that fed the real estate bubble, with Timothy Geithner as former head of the N.Y. Federal Reserve overseeing the entire economic meltdown. What does it take for Americans to recognize where our problems originate?

The banks are sitting on two trillion dollars, refusing to loosen up credit because the are controlled by the FEDERAL RESERVE BANK. Due to the way the Reserve was organized, whoever controls the Federal Reserve Bank of New York controls the system. About 90 of the 100 largest banks are in that district.

A May 1976 report of the U.S. House Banking and Currency Committee indicated The Rothschilds hold 53% of the stock of the U.S. Federal Reserve through various subsidiaries and affiliates. Additionally, in his book WITH NO APOLOGIES, Senator Barry Goldwater wrote: "Does it not seem strange to you that these men just happen to be CFR (Council on Foreign Relatrions) and just happened to be on the Board of Governors of the Federal Reserve, that absolutely controls the money and interest rates of this great country? A privately-owned organization...which has absolutely nothing to do with the United States of America?"

The Rothschilds financed the entire Rockerfeller fortune. A key adviser to President Obama, Zbignew Brzezinski founded the Tri Lateral Commission for David Rockerfeller. Brzezinski remains at the very epicenter of the CFR. With the use of the FED, the economic collapse destroyed our economy and was spread around the world in the OTC, "dark markets when federal reserve chairman Greenspan, Robert Rubin, Larry Summers and Arthur Levitt blocked the CFTC (Commodities Futures Trading Commission) from regulating and requiring transparency in those markets, and the fraud that took place. Greenspan convinced Clinton to repeal Glass-Steagal, increasing the momentum toward the meltdown.

Not only did President Obama appoint tax-cheat Timmy as Treasury Secretary, but both the White House and Geithner's opposition to legislation requiring an audit and transparency of the BANK, led to the legislation's defeat. Recent disclosure, forced by Ron Paul's relentless pursuit revealed that the FED has loaned trillions to the EU! The White House is currently applying pressure to end investigation into the economic collapse being conducted by N.Y. investigators.

The United States has operated successfully several times without a central banking system. North Dakota remains the only state that has not suffered the effects of the economic meltdown. Its success is attributed to their community banking system that prioritizes a healthy state economy, issuing low interest loans for small businesses and mortgages. The S.D. unemployment rate has remained consistently low (between 3% and 4%) ...proof positive that THE FEDERAL RESERVE IS intentionally bankrupting this country and the rest of the world.

We can demand that congress END THE FED. It's the only thing that can prevent the end of American democracy. Brzezinski's book, THE GRAND CHESSBOARD, written and published in the mid 1990's rationalizes the need for A NEW WORLD ORDER, ruled by a small group of elites. Use of American military at U.S. taxpayer expense can be impeded by a democratic society...in his words, "Democracy is inimical to imperial nationalization."

If we issued our own currency and weren't forced to borrow it based on fractional reserve lending practices that the FEDERAL RESERVE BANK uses, it would save 90% that we are charged on every dollar the FED prints. For every dollar we borrow and are obligated to repay at face value, it produces a 90% profit for the BANK even with the 0% interest currently in place.

THE FEDERAL RESERVE BANK extracts billions of U.S. taxpayer dollars in profits every year. The BANK controls 70% of the country's bank deposits through 25 branch banks. All Federal Banks are members and four out of every ten commercial banks are members. Currently, the only authority that is restricting lending for small business and mortgages is vested in the FEDERAL RESERVE BANK.

The Federal program initiated by the Obama administration was crippled due to Timothy Geithner's opposition to using any part of the funds for legal fees serving to protect the banks that created the bad loans, fraudulently sold them to pension fund managers, and the rest of the world, then destroyed the loan documents required to foreclose. Legal fees used to protect homeowners from undocumented foreclosures are still opposed by Geithner. For every foreclosure, a bank"s average profit amounts to $100,000.00. No need to wonder why the housing market can't rebound...

So how is all that "Tricle Down" (Voodoo) NO Reg's working out for you now?

Ahahahahaha this is almost as deja vu all over again. Bush Senior even called it "Voodoo Economics" then when in office let the changes of the TRA that changed everything stay on the books, I wonder why?

"Then Came the Revolution" Yep. After which the "hot to trot" Clinton takes over and he is too weak to do anything because he is caving in and chasing skirts but he still manages a 228 Billion surplus when he is finally gone. Then the prodigal son takes the helm, blissfully ignorant, soon taken for a hayride by the ole Dick Cheney, the war mongor and traitor. Yes the same Dick out hawking his tale of lies and distortions of just about everything and it is his head that should be exploding not ours.

These rabid dogs even have The Consumer Protection Agency watered down and soon a slim budget in place since they could not kill this department meant to oversee the giant hedge funds and Bankers to see that we are not in taken for that same hayride. Then the Roberts Court rids us of an almost 100 year law stopping the undue influence of corporate and other money into the political system and it is open season on the American people now.

These are the same people that want to abolish the Education Department the prodigal son did not even attempt that when he had eight years to do so. Some poster wrote that these are cheap whores in congress and I say that is an insult to a hooker - come on now a hooker is more respected then this scum.

You wanted anti-intellectuals creationists and people that have God speaking to them, and only to them (they hear voices) and now cheer at the death of a person without health care and dare to call themselves a Christian? Who are these cretins? They cheer at Perry's recorded of state executions ignorant of the innocent and the framed with prejudice manner that puts innocents on death row. Maybe Perry needs some of that "wisdom and courage" so admired by that Mormon the cut out guy Mit? Yes Mit is so awed by Cheney he wishes he could have some of that wisdom and be at least, he hopes,another Cheney he even dreams of being so sagacious a leader as the traitor - wow. Maybe we need all of that wisdom which so awed ole Mit the job killer Known in the trade as a "corporate raider" low life yes real lowlife.

Absolute separation of church and state as it is written inn our "Law Of The Land" (The Constitution) yes the very first amendment crystal clear is the separation of church and state, you see the founders cared as much for these Puritans as England which kicked their butts out of the UK.

How did "the Donald", the hair slob dude the big time Millionaire you know the "your fired" idiot the half wit how did he ever become the gate keeper to the presidency for the Repugnuts? Let us see the Tramp takes the graft laden Perry out for a bite to eat, ok so far - right? To show us the type of people they are they head out to "John Johns" or whatever I only notice as reported the lowest cost entree starts out, I said starts out at $125 before all the add-ons such as salad and so forth. Maybe someone could have mentioned to them of the special at Taco Bell I mean "The Burrito Supreme" on sale here for only $1 (one dollar) and there too I would guess. I mean to say they could have used the savings to donate to the Treasury to pay down the debt - oh well.

The Dinos (Democrat in name only) fog all this up and the American people are confused, afraid dazed as in dazed and confused and bewildered too. The ironic part is if we don't bail them out lol and we have a world recession matters will be worse now that is a conundrum. Oh, that trash Ron Paul I hear one of his staffers died and had no health insurance lol I mean the dimwit bought this bowl of shinola of Paul's and then dies and true to his word this grim reaper Paul is indifferent, I wonder if he sent real flowers? Maybe he made a card from paper and sent that or something to the dead staffers service? I think he did not. But, his audience cheers at the death of someone without health insurance - who are these people? I mean this punk Paul just does not care his attitude is "die mother hubbard", yes the grim reaper and Christian? No don't tell me he is another pious Christian as the others excepting ole Mit no Mit does not believe in Jesus nope not in his play book Jesus was a no body for Mit, Jesus did not have enough money to be of much interest to Mit.

If the groupies being lead by these clowns really like death so much sign up and fight for your country and kill some Taliban can you at least do that? Na we don't want your imbeciles let them wander the countryside they would do more harm than good. What a piece of of work this Paul is to not provide some health insurance or even care of the death of an American citizen with no health care that may have lived with health care - talk of "death panels" how would you like Paul to be the case manager for you if you need special care to stay alive? lol - well that is a fair question.

Bail them out or not, hey remember Lehman Brothers?

P.S. What does it take for the American people to realize that we have NOOOOOOOO control over the FEDERAL RESERVE BANK. THE FEDERAL RESERVE BANK IS NOT PART OF THE U.S. GOVERNEMENT.

They control us because they took control of our money with the FEDERAL RESERVE ACT OF 1913, in violation of the constitution which restricts the issue and control of U.S. currency to the FEDERAL GOVERNMENT!

In the Rothschild Dynasty founder's words...

"ALLOW ME TO ISSUE AND CONTROL THE MONEY OF A NATION AND I CARE NOT WHO MAKES ITS LAWS."

Louis T. McFadden, who for more than ten years served as Chairman of the Banking and Currency Committee in the House of Representatives said: "The Federal Reserve Board and banks are the duly appointed agents of foreign central banks of issue and they are more concerned with their foreign customers than they are with the people of the United States. The only thing that is American about the Federal Reserve Board and banks is the money they use."

In a subsequent address to congress on June 10th 1932 McFadden said: "We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks...Some people think the Federal Reserve Banks are United States Government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers. The FEDERAL RESERVE BANKS ARE THE AGENTS OF FOREIGN CENTRAL BANKS. In that dark crew of financial pirates, there are those who would cut a man's throat to get a dollar out of his pocket... Every effort has been made by the FEDERAL RESERVE BOARD to conceal its powers, but the truth is the FED has usurped the government. It controls everything here (in congress) and controls our foreign relations. It makes and breaks governments at will. When the FED was passed, the people of the United States did not perceive that a world system was being set up here. A super-state controlled by international bankers, and international industrialists acting together to enslave the world for their own pleasure!"

On May 23, 1933, McFadden brought impeachment charges against the members of the Federal Reserve. He charged them with extracting $80,000,000,000.00 from the United States Government in 1928, just prior to the 1929 depression.

Keep in mind Senator Barry Goldwater's more recent disclosure that the CFR (Council on Foreign Relations) is one in the same with the Board of Governors of the FED. Could be that McFadden knew what he was talking about...

If the FED can be impeached, we better demand it soon. Otherwise you can bid your hard earned tax dollars farewell, as they continue to leave for foreign shores...courtesy of FED chairman Bernanke... In case you missed it, Greenspan stated publicly on the Larry King show that there is no power greater than the FED...no elections necessary...!

Think history might be repeating itself? Could be worse if that NEW WORLD ORDER stuff isn't a theory after all...

The problem is that Europe were duped by the US banks into buying shares in the sub-primes so we have to take some of the responsibility for this mess. If Europe goes so does the US economy so in the end.

Interesting to note the countries where this type of banking system is not allowed. Australia, New Zealand, Canada and the Scandinavian countries are hurting but no where near as much as else where, perhaps we should take a lead from these countries?

If Obama signs off on this, he might as well forget another term. His base still remembers the bank bailout and the bankers taking both bonuses, and still sitting on bailout money stifling jobs'. No Democrat in his or her right mind , will support this.

Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks,
a very well kept secret, has been revealed:

Rothschild Bank of London
Warburg Bank of Hamburg
Rothschild Bank of Berlin
Lehman Brothers of New York
Lazard Brothers of Paris
Kuhn Loeb Bank of New York
Israel Moses Seif Banks of Italy
Goldman, Sachs of New York
Warburg Bank of Amsterdam
Chase Manhattan Bank of New York

Close the "FED", imprison or deport all "FED" board members.

The "Fed" is a cancerous parasite on the United States Of America and has been stealing OUR money since the Fed act was passed by DIRTY POLITICS in 1913.

HOW DID THE "FED" BECOME THE CANCEROUS PARASITE ON THE UNITED STATES OF AMERICA THAT IT IS?

After previous attempts to push the Federal Reserve Act through Congress, a group of
bankers funded and staffed Woodrow Wilson's campaign for President. He had committed to
sign this act. In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers,
pushed the Federal Reserve Act through Congress just before Christmas when much of Congress
was on vacation .

When elected, Wilson passed the FED.

Later, Wilson remorsefully replied (referring to the FED), "I have unwittingly ruined my
country"

@ bluwtrdia

Thank you Sir, for your spot on, well put post.

I find it encouraging that more and more citizens are discovering the extent of evil represented by the cancerous parasite called the "Federal Reserve".

I fear that all that can save us from these blood suckers and the incredible mess the United States is in is a new American Revolution.

Our government is broken and we are heading toward a third world, corrupt to the core, bankrupt state with a broken Constitution and impoverished citizens.

Every day I like Ron Paul, more and more. I used to think he was a wacko, but sure as chitt there is going to be a showdown, smackdown, or whatever the hell-o you call it. Last count the US taxpayer has been bambozzeled out of, trillions and trillions being Policeman, washerwoman, cameljockey trainer, chief employer of retards (not Bachmann retardation, I mean the dodos that run foreign policy). Will somebody with some balls, get an injunction in Federal Court on the wing-a-ding yoyo's before they start handing out blank checks, again, WTF is going on?

You are exactly right, Deryl. This is the result of globalized banking and corporate webs tied around us like chains. The bankers and the multinational corporations have erased the sovereignty of nations and made all of us peasants in a global slave state that knows no national boundaries. When "US companies" move manufacturing to China (Wal-Mart) and Americans buy good made by lower-paid slaves in other countries, it's all a big circle of stupidity and corruption. It's time for us to build local economies where we produce our own food and other necessities, and unhook ourselves from the global banker-corporate-government-military elites who right now own us.

KarlStevens-2597445 ... shame on you ... didn't you hear what Romney said in the debates .....

"Corporations are people too, my friend"

Corruption in the United States has been institutionalized for years. Wall Street and K Street pimps and their whores in the United States Congress. We, the American people have been the Johns. Will some one please differentiate between the corruption here and what exists in Latin America and the Middle East.

We are most likely legally obligated through credit default swaps sold by Goldman Sacks and our illustrious banking industry. I would speculate our exposure is in the trillions...

TorpedoYou ... you are soooo right. On the forehead of every Congressman there should be a large red stamp "Bought & Paid For".

GHX...Credit Default Swaps are nothing more than insurance policies on Collateralized Debt Obligations which is a group of bundled mortgages sold as a security. 20 Years ago, these "products" DID NOT EXIST! They were illegal.

Riddle me this: Why should someone I do not know be permitted to take out an insurance policy on a mortgage they do not have an interest in? That is akin to me taking out a life insurance policy on you GHX which is illegal because i do not have a vested interest in you. Please explain why we have these products and why they shouldn't be outlawed.

Zorroaca, precisely why we can't have any of the current Republican candidates in the White House until Citizens United is overturned and the Constitution is amended to prevent corporations from enjoying the rights of citizens.

"Please explain why we have these products and why they shouldn't be outlawed."

because then you're putting chains on business and the right of people to make money, what are you, anti-capitalism? I have a right to bet that america will fail! I dont care if screws all of america, so long as I get triple return on my investment!

greed, unregulated, is never dangerous...just ask anyone. /end sarcasm

Yeah, of course corporations are people, too. Just people of a certain very special variety. From http://www.zerowaste.ca/articles/column196.html:

There’s just one problem with the corporation as Noam Chomsky points out ... its legally defined mandate is to pursue its self-interest regardless of who or what suffers as a result of its actions.

That callous approach means the corporation – already considered in law as a “person” – can be defined as a psychopath says Joel Bakan, a University of BC law professor and author of the Corporation: The Pathological Pursuit of Profit and Power (Viking Canada, 2004, 228 pages, $37.00)

Using the World Health Organization’s checklist for personality types and the Diagnostic and Statistical Manual of Mental Disorders, Bakan concludes the corporation is a psychopathic personality. A corporation has a callous unconcern for the feelings of others; an incapacity to maintain enduring relationships; a reckless disregard for the safety of others; a pattern of deceitfulness; an incapacity to experience guilt; failure to conform to social norms with respect to lawful behaviour. This is the institution that we allow to govern all aspects of our lives.

There is nothing wrong with a global economy. Humanity should act as one. There is, however, a problem with THIS global economy... greed.

Corporations are people? When has a corporation ever gotten a colonoscopy?

The workers didn't do this, the bankers did, and the bankers get way more vacation than the blue collar types.

I already find most people revolting. ;-)

govts - or Big Business? Govts were the ones that got suckered by Goldman Sachs and the likes, to invest heavily and to "protect their risks with their no fail default swaps".

question, who do you think benefits more if govts and their regulations, and safety nets, and protections for workers get destroyed?

I believe the people should protest this bail out of Europe. I say, let Europe declare Bankruptcy... Maybe we the people should stay home for 5 days and buy nothing just to show the Fed that we are angry and we will not allow the Fed to bail out Europe.

Sounds good to me eh?

LMFAO @ Mike! Well said, my friend. I hate everything.

Jessica, if you think the US Government had nothing to do with the downfall you are vary naive. The actual job of packaging mortgages into securities is carried out by Freddi Mac, courtesy fof the United States government.

They were willing to let the banks go wild because they all were getting rich too. Why do you think guys making 100K are multi millionaires after just a couple years in DC?

Watching the economies of Europe go bankrupt with no help from us may prove an interesting exercise, so that we in America will know how it'll play out here next.

And we would get what we gave, in the way of them caring. Seems kind of a sad way to be, after all these years together. I'd want to help some - even tho' it likely will do no good to stop the pain, not there, and not here.

I completely agree with you. Let's keep all our companies and jobs here, forget this 'global economy' BS and if you're a company who wants to earn in a foreign country then adios - you can go there permanently and stay out of the American economy (btw large corporations: see how well you do in this circumstance without the American dollar!)

There are not enough people in the US to sustain a viable economy. How many TV's are you going to buy to keep company's from selling overseas, how many washers or cars?

Seems to me, selling overseas would be okay. As long as it's manufactured here and any imports are taxed accordingly.

jimmy earl - and yet, dweebs like you seem to think corporations would have national loyalty, if only we didnt tax them, fee em and let them spew their pollution all over god's green earth.

you're the delusional one...America began by greedy people seeking greener pastures, and it'll die by greedy people seeking greener pastures...the most profitable corporations that are in position to pack up and go, are the least taxed due to all the loopholes...and it still isnt enough.

you seem to think that if all the big businesses up and left, americans like you wouldnt know what to do...how could you do any work? there's no masta telling you what to do.

The rest of us, would pick up where those corporations left off and build ourselves a better America...through hard work, innovation and a committment to our american society and each other.

You can follow those corporations right on out of America, im sure they'll be happy to give you a 60 hr a week job in one of their factories making $.50/day.

In my Opinion.....If I was president and my Treasury secretary were to tell me that the Federal Reserve was going to bail out Europe and that there was not a thing I could do about it...

1. I would fire the Treasury Secretary

2. I would then pull a Jackson and pull all the United States Money out of the Federal Reserve and put it in State banks.

3. Then I would pull the USA out of the IMF, World Bank and WTO.

Then I would throw the Fed Chief in jail no.... No I would send the Fed Chief to Guantanamo In Cuba with-out a trial.

Thats what I would do if I was the President ...

And thats my Opinion.

Yes, let's return to the glorious days of the 1920s.

What none of you "I hate globalization" folks seem to understand is why it is that you can buy a 27" LCD TV at Walmart for $250. We Americans have been living the fat, dumb, and happy life for pretty much the entire period of Walmart's hay-day because of the ability for Walmart to source globally. (I'm not meaning to single out Walmart here as anything, but an example). At this point we would be hard pressed to produce a comparable television in the United States for double that in NON-UNION areas (before you argue with me on that go understand our ability to manufacture and assemble every component in an electronic device). We can complain all day about the evil corporations outsourcing our jobs but every time one of us buys an overseas produced product at a artificially deflated price from a discount chain; we are effectively complicit in the outsourcing. I know I'm complicit. How about you? We've enjoyed extraordinarily low CPI because of the availability of cheap products manufactured overseas. Cheap products that we have helped fuel the US economic juggernaut (and facilitated significant growth in Asia) for a couple of decades now. There is a reason the term "US CONSUMER" entered the colloquialism.

Remember all those statements about the magical services based economy that America was creating from several years ago? Our current state is the net result. You should have been complaining 20 years ago when we had the ability to do something about our manufacturing capability. At this point globalization is the only reason you can still afford to buy a (Korean) monitor to read this on.

Battsman - most people just do not understand this. There is a reason why my grandparents had just the basics - a home, a car paid for in cash, a radio for evening listening. Grandma was always a housewife, grandpa always had a part time job in addition to his main one with GE - $1.37 an hour, and he was glad to get it. They had NO credit card, nor did their neighbors - no one did in the 40s (except a few large metro areas with local use). They were poor, by today's standards, but so was everyone else.

Now everyone wants to live like they are rich - and buying loads of "stuff" from places in the world paying peanuts for wages, but glad to have a job - taking away our own jobs, sadly. But we have lots of "stuff", tho' maybe not for long can we pay for it.

I'd like to hear what Ron Paul has to say about this, ya know the man/myth/legend who has written an entire book on ending the FED. I would hope the American people would not stand for this but alas we have sold our souls in exchange for a little health care, some food stamps, a government stipend of dollars that are devaluing by the second and a whole boat load of promises.

Yes, we can!

Look whos running the country now and what the 545 allowed to happen prior to 2001 and to 2008.

We americans have to let them know the tea party is the only sane group in wash.

These euro folks have lived the plush govt pays my way easy life and now its time to pay the piper and they want us to pay for it. s.......pending other peoples money is great till it runs out.........

Sorry euros, get a job and stop taking off two months every year. Hows that socialism working now that you have to pay for the bills you have generated?

The Greeks emulated us, and they failed just like we did. We blew out our mortgage market, and so did they.

Yay, capitalism.

Fake,

Really? *facepalm*

We've ALREADY given TRILLIONS to European banks!!! This is nothing new.

yeah geithner the liar also said everything was fine after lehman exploded, the same exact lies he is now telling about greece, see you tube ...hell they could have used the same tape and just changed lehman to europe............yet the liberals are saying geithner(the liar) said there is no way that this will explode--no way --so all is well---LIARS----thats the same thing he said early 2008!

17 trillion in 2008 to foreign banks and msnbc recieved some of that money to.

First of almost of that was collaterized debt-whichmeans we could seize the underlying asset pleged against. In the gase loans to Greece and that that' s uncollatarolzed-which means a board sense we can't get the swimming pooland stuff that the Greek goverment could if it wanted to.

And would we really want the Parthenon as one of our assets?

Greece is a basket case-there is no point in throwing money at people who retire at age 35 and routinely evade taxes. They don't make enough wine and stuff anyway; their manufacuring is poor or non existent. the major industry is tourism. Let them go down the tube and default.

Greece was fine until their bankers screwed it all up. Greece didn't go down because of a few small tax dodgers.

This is why the bankers always win, because morons like you blame the wrong people.

puppet - Our "rating agencies" allowed rubber stamping of triple A status to financial instruments, which European banks gobbled up - that first round of stimulus helped some of the foreign banks we burned. "We, in that "we" is our gov't, and they sadly represented us. I don't like it, but we aren't supposed to burn our friends in a bad deal.

(p.s. the bailout was NOT $17 Trillion)

Cassandra, who knew?

The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government’s first-ever audit of the central bank.

No, Maureen. You're fine. The individuals in Washington really are that devoid of sense. Common sense isn't so common anymore.

Our banking system is insane from the peoples point of view. Our 4 biggest banks have 8 trillion in assets and have been getting billions in 0% loans to play the market. They are using our own money to drive up the price of oil and gas.

All government loans should be made directly to qualified buyers. This would cut home buyer and student notes by half or more and leave trillions in the hands of our people instead of thieving banks. Why should anyone pay a bank 600k for a 200k house when the taxpayers back the loan. When will we quit allowing these pigs and their government to treat us like pawns and servants to a totally corrupt financial system?

China. Oh wait. They already did.

europe this week said that they are setting up a bank of the world.sounds like that 1 world government stuff,doesnt it.are you sheep starting to wape thoses sleepy seeds out of your eyes yet

Thanks Communist China for lending us money and taking the jobs our rich SOB's gave you.

Obama can't contribute to europe's financial issues.Only congress can do that.

Why did you ever think Obama was one of us, or Bush, or Clinton, or Reagan for that matter?

To Rich-298746

Stay tuned.

And why would you think those rich SOB's who packed up American jobs and gave them to Communist China were one of us? They are traitors. We want our jobs back!

I do think we need some sort of a non-violent taxpayer strike. As citizens we are being cheated of the value of our incomes to keep a fractional reserve banking system afloat, here in the U.S. And now to protect U.S. banks from the EU contagion, we are expected to bail out Europe.

Everybody go to your employer and change your W-4 form to 20 dependants, you will have to still pay the taxes April 15th but the government won't have it till then.

Instead put what you would have been paying into a savings account.

Imagine millions of people not having income tax taken out for a couple of months even, I believe Washington, D.C. would take notice of that.

KPBR, the IRS will get the last laugh with that tactic.

Not only will you still have to pay the taxes on April 15th, you will also get hit with an under-withholding penalty if you don't withhold most of what you owe throughout the year.

Sidneyhop has it right! I think we should bring back the slogan "No Taxation Without Representation". If elected politicians are not going to represent the interests of the citizens who voted for them, then we should not have to pay taxes!!

WE the PEOPLE .............. ARE...... ARE the Constitutional Government of the USA... WE keep rehiring the Political Party's... Democrat, Republican, Tea Party.... ALL.... ALL ...... work for Wealthy Campaign Donors... ALL are employed by the US Government, but NONE of them work strictly for our best interest.... 80% of the Government wanted National Health Care to compete with Insurance Company's... 80% wanted the Debt ceiling raised and done sooner... 80% want JOBS, JOBS, JOBS...

NO Political Party "works" for the US Government... WE just continue to re-employe them and believe THEY are "the government".... The Media is spinning the latest "Voter Restrictions" as abuse of Voters... Nationwide the Republican STATE Congress's and Governor's are making it harder for Voters, especially (Minorities) to VOTE... Those VOTERS ..... ARE... part of the Constitutional Government of the USA... Congress's are OUR EMPLOYEES.... THEY do NOT want to Hear from US, the GOVERNMENT... Sadly, way to many Citizens believe OUR Employees are 'the government'... NO POLITICAL PARTY at this time is going to cede power to the GOVERNMENT... ALL... ALL... simply want to seize CONTROL of US, the CONSTITUTIONAL GOVERNMENT.... Those American/ Multi National Corporation believe by lining Congress's Campaign Poketbooks, they can get what they want and Control US... Until WE the People END Political Party's running the show, WE will lose to the Wealthy Corporations...

Be it FOX NEWS, MSNBC, or any other of the MSN, WE the PEOPLE need to FACT check the MSN... THEY to are owned by Corporations... BELIEVE NO THING they say... If they do NOT back up what they are saying (Quotes, Videos, etc) Most People/ Voters BELIEVE OUR Employees, from President on down ARE the 'government'... One can see the last in the comments... UNTIL WE the PEOPLE stand up and Fire most Employees/ the Political Party's, they will work for Corporations, NOT the GOVERNMENT...

When are we going to march to stop this?

By all means, march and don't file next year's tax return (and the following year's return). Any other ideas on how to put an end to this madness? Gloria (1st post)- your remark was quite clear and to the point. My sentiments exactly.

Concord, Breed's Hill, Yorktown...

One if by land, two if by sea, three if by drone.

RJ-381962

QUOTE: More evidence that obama wants us to be like the rest of the world. What a scumbag! Next thing is letting the UN take our guns away.

WE the PEOPLE .............. ARE...... ARE the Constitutional Government of the USA... WE keep rehiring the Political Party's... Democrat, Republican, Tea Party.... ALL.. work for Wealthy Campaign Donors... ALL are employed by the US Government, but NONE of them work strictly for our best interest.... 80% of the Government wanted National Health Care to compete with Insurance Company's... 80% wanted the Debt ceiling raised and done sooner... 80% want JOBS, JOBS, JOBS... NO Political Party "works" for the US Government... WE just continue to re-employe them and believe THEY are "the government".... One can see the last in the comments...

I've been scrolling through these posts and it seems like people are getting really pi$$ed off. Can't imagine why.

Me, I'm fed up with Wall Street, Walmart, the Fed, the current and corrupt 2-party system that "governs" our country. To hell with the EU and the corporate controlled media. I'm not gonna purchase Dick Cheney's book either. I see a much higher level of insight and intelligence here on Newsvine.

Who owns and operates America? Take a look at the Council of Foreign Relations, Trilateral Commission, the Bilderbergers, JP Morgan, Skull and Bones, etc.

Forget about paragraphs; I like to hit the "Enter" key for spacing. Anyway, Some of you might remember Eisenhower's remark in his 1961 farewell address about the "dangers of the military/industrial complex".

Not every conspiracy is a theory. Let us wake up from our slumber (borrowed that phrase from a website).

Anyone watch Doomsday Prophets on the History Channel a few weeks ago? One of the guys in this roundtable discussion worked for Lehman Bros a few years ago. He stated that the United States is insolvent. I believe him. So how can we bail out the EU when we're going bankrupt?

I like the way you think, OBXRon!

Toxic credit default swaps created this mess, not the workers of Europe. Please get your facts straight.

I don't know about you but I'd MUCH rather have a guaranteed 6 weeks off, universal health care, and a decent pension plan than what we have here in the US which is, oh, NONE OF THAT! If you're not jealous of them for having all that and wondering why we DON'T, then you're a fool.

Explain why Americans don't have universal health care, don't have guaranteed holidays, don't have generous pension plans, and yet we are even in MORE debt than europe.

What a genius you are.

The people of Europe created their own just like we created ours. They need to clean up their own mess.

Unfortunately US Banks and Financial Firms have major stakes in European debt obligations and other securities.

Do you really think that with all of their lobbying money that US politicians (on either side of the aisle) will not bend to their big money donors and ensure that if needed the US Taxpayer will bailout Europe so that Wall Street won't take a hit?

We do as the FED says. FED owns us. Your birth certificate is simply a receipt used as a collateral to borrow from the FED. Then you will pay interest to the FED, via taxes, your entire life. If Europeans did not pledge their people to the FED as collateral, FED won't print money and give them directly. FED will instead print and give to the US government which in turn will give to the Europeans. Then US treasury, aka tax payer will be on the hook for money that was created out of thin air to bailout Europeans. When did you agree to this crap?

Hey, you guys forgot free higher education...