international bailout brings us closer to economic collapse (Al Gore, Colin Powell, Ron Paul)

[floridasandy]

Campaign For Liberty — International Bailout Brings Us Closer to Economic Collapse **| by Ron Paul
As Americans struggle through the worst economic downturn since the Great Depression, this emergency supplemental appropriations bill sends $660 million to Gaza, $555 million to Israel, $310 million to Egypt, $300 million to Jordan, and $420 million to Mexico. Some $889 million will be sent to the United Nations for so-called "peacekeeping" missions. Almost one billion dollars will be sent overseas to address the global financial crisis outside our borders. Nearly $8 billion will be spent to address a "potential pandemic flu" which could result in mandatory vaccinations for no discernable reason other than to enrich the pharmaceutical companies that make the vaccine.

Perhaps most outrageous is the $108 billion loan guarantee to the International Monetary Fund. These new loan guarantees will allow that destructive organization to continue spending taxpayer money to prop up corrupt leaders and promote harmful economic policies overseas.

Not only does sending American taxpayer money to the IMF hurt citizens here, evidence shows that it even hurts those it pretends to help. Along with IMF loans comes IMF required policy changes, called Structural Adjustment Programs, which amount to forced Keynesianism. This is the very fantasy-infused economic model that has brought our own country to its knees, and IMF loans act as the Trojan Horse to inflict it on others.

[delusianne]

Goodness, why do you think we send this money, then? Surely the "senders" are aware of the arguments against it and then some. What could possibly outweigh those arguments?

That "[n]early $8 billion will be spent to address a 'potential pandemic flu'" - not sure that that is correct. Could you give a link please?

[GregW]

RP is wrong on all points. This collapse was caused by a speculative bubble created by insufficient regulation of the investment markets fueled by artificially low interest rates on risky loans.

The IMF Structural Adjustment Programs are designed to ship money from less developed countries to the money center bankers to fuel their speculative boom and prevent any substantial reinvestment of capital into the countries the IMF bankers are looting.

Ron Paul should stick to constitutional issues where he has some expertise. He knows less than nothing about domestic or international economics.

[floridasandy]

Originally Posted by delusianne

Goodness, why do you think we send this money, then? Surely the "senders" are aware of the arguments against it and then some. What could possibly outweigh those arguments?

That "[n]early $8 billion will be spent to address a 'potential pandemic flu'" - not sure that that is correct. Could you give a link please?

corruption?
Swine Flu: Who Profits? | The Corbett Report

[floridasandy]

Originally Posted by GregW

RP is wrong on all points. This collapse was caused by a speculative bubble created by insufficient regulation of the investment markets fueled by artificially low interest rates on risky loans.

The IMF Structural Adjustment Programs are designed to ship money from less developed countries to the money center bankers to fuel their speculative boom and prevent any substantial reinvestment of capital into the countries the IMF bankers are looting.

Ron Paul should stick to constitutional issues where he has some expertise. He knows less than nothing about domestic or international economics.

DUH! who do you think is giving the money to the IMF! it is our congress and our president signing this gift from the american people to corporate powers.....

[chielgirl]

We were on the verge of collapse before Obama took office.
But you knew that.
Nice deflection, though.

[delusianne]

Originally Posted by floridasandy

corruption?
Swine Flu: Who Profits? | The Corbett Report

"Kleiner Perkins manages a Bio Defense fund whose portfolio includes two companies (viral enzyme-blocking manufacturer Biocryst Pharmaceuticals and viral vaccine manufacturer Novavax) that are seeing massive upswings in stock prices as the swine flu fears grow."

"manages...a fund whose portfolio includes..."

the bastards!!!!

No, I was wondering about the $8 billion.

[floridasandy]

Originally Posted by delusianne

"Kleiner Perkins manages a Bio Defense fund whose portfolio includes two companies (viral enzyme-blocking manufacturer Biocryst Pharmaceuticals and viral vaccine manufacturer Novavax) that are seeing massive upswings in stock prices as the swine flu fears grow."

"manages...a fund whose portfolio includes..."

the bastards!!!!

No, I was wondering about the $8 billion.

how about printing more of that story:
While global stock and commodity prices are tubmbling due to the potential havoc a worldwide pandemic could wreak on markets, a Reuters article from last Friday points out that Venture capital firm Kleiner Perkins Caufield & Byers is set to reap massive profits from the scare. Kleiner Perkins manages a Bio Defense fund whose portfolio includes two companies (viral enzyme-blocking manufacturer Biocryst Pharmaceuticals and viral vaccine manufacturer Novavax) that are seeing massive upswings in stock prices as the swine flu fears grow. So who are Kleiner Perkins's notable partners? Al Gore is one of them and Colin Powell is another. Bill Joy (co-founder of Sun Microsystems and author of a controversial 1999 Wired Magazine article about how the world's top scientists are discussing how humans may be wiped out in the near future as they are made obsolete in a new posthuman paradigm) is another well-known name who has just profited from the current swine flu panic.

Another notable financial winner in the swine flu sweepstakes is Donald Rumsfeld, infamous investor in and former chairman of Gilead Sciences, the firm that receives royalties from Tamiflu manufacturer Roche. Now that the media has been including free advertising for Tamiflu in virtually every swine flu story they run (mentioning it by name as one of the only effective treatments against the disease), Gilead's share price has jumped 5 per cent in pre-market trading and is likely to see further increases.

Of course President Obama is no stranger to making money from flu pandemic fears, either. In 2005, shortly after being elected to the U.S. Senate, he set up a trust that invested in AVI BioPharma, a company working on avian flu treatments. Just weeks after investing in AVI BioPharma, he co-wrote a New York Times article pimping the pandemic avian flu threat and introduced Senate legislation to spend more federal money on avian flu prevention measures. AVI BioPharma's share price rose and Obama cashed out with a 28 percent profit when a furor erupted over potential conflict of interest.

[delusianne]

Originally Posted by floridasandy

how about printing more of that story:
While global stock and commodity prices are tubmbling due to the potential havoc a worldwide pandemic could wreak on markets, a Reuters article from last Friday points out that Venture capital firm Kleiner Perkins Caufield & Byers is set to reap massive profits from the scare. Kleiner Perkins manages a Bio Defense fund whose portfolio includes two companies (viral enzyme-blocking manufacturer Biocryst Pharmaceuticals and viral vaccine manufacturer Novavax) that are seeing massive upswings in stock prices as the swine flu fears grow. So who are Kleiner Perkins's notable partners? Al Gore is one of them and Colin Powell is another. Bill Joy (co-founder of Sun Microsystems and author of a controversial 1999 Wired Magazine article about how the world's top scientists are discussing how humans may be wiped out in the near future as they are made obsolete in a new posthuman paradigm) is another well-known name who has just profited from the current swine flu panic.

Another notable financial winner in the swine flu sweepstakes is Donald Rumsfeld, infamous investor in and former chairman of Gilead Sciences, the firm that receives royalties from Tamiflu manufacturer Roche. Now that the media has been including free advertising for Tamiflu in virtually every swine flu story they run (mentioning it by name as one of the only effective treatments against the disease), Gilead's share price has jumped 5 per cent in pre-market trading and is likely to see further increases.

Of course President Obama is no stranger to making money from flu pandemic fears, either. In 2005, shortly after being elected to the U.S. Senate, he set up a trust that invested in AVI BioPharma, a company working on avian flu treatments. Just weeks after investing in AVI BioPharma, he co-wrote a New York Times article pimping the pandemic avian flu threat and introduced Senate legislation to spend more federal money on avian flu prevention measures. AVI BioPharma's share price rose and Obama cashed out with a 28 percent profit when a furor erupted over potential conflict of interest.

I didnt "print" the rest of the story because it's pointless, as I thought I showed in the earlier post.

"Kleiner Perkins manages a Bio Defense fund whose portfolio includes" -- it's a fund, which owns shares in many many stocks. I owned Novovax for a few days during the swine flu scare and made money from it: does that make me a corrupt government official? (Those companies dont even have a product yet btw. If an epidemic were to arrive they wouldnt have a thing to contribute. I dont remember about Tamiflu, but I think it's a preventative of a variety of diseases, not just swine flu, and it's not a cure.) The people who manage the Bio Defense fund and whatever else in their family of funds -- are they all corrupt because they own shares of swine flu-related stocks?

Ive owned Gilead, too.

Kleiner Perkins has about two dozen partners. Are they all evil, or just some?

Obama and Avi Biopharma - where'd you hear that about the 28% profit?

"At a press conference Wednesday, Obama said the more than $50,000 he had invested in AVI Biopharma and Skyterra was part of a quasi-blind trust. "At no point did I know what stocks were held, and at no point did I direct how those stocks were invested," he said.

He said his concern was to create a portfolio that did not show any conflict of interest with his Senate job. But AVI Biopharma was developing an avian flu vaccine, and Skyterra had just received Federal Communications Commission approval for a national wireless network.

Obama didn't hold shares in these companies long and sold them for a loss of $13,000. Still, you have to wonder whether he was paying full attention. (He has now set up a traditional blind trust, mostly investing in mutual funds and the money market.)"

Rash decisions may cast doubt on judgment :: CHICAGO SUN-TIMES :: Obama Commentary

[GregW]

FEAR sells stuff!