Do Not Nationalize - End the Federal Reserve! (health care, radical, dollar)

[ovcatto]

Hey let's all pretend that it's the 19th Century better yet let's just just pretend that it's the 18th.

[Hoarfrost]

Originally Posted by ovcatto

Hey let's all pretend that it's the 19th Century better yet let's just just pretend that it's the 18th.

Yes, Thomas Jefferson's time and our time are vastly different, as should go without saying. We can't really survive the way we did before the 20th century. The economy is much more colossal than it was when the nation was 13 relatively non-influential colonies.

[Tx08]

There has been a lot of talk on the news about nationalizing. I wonder if they are going to announce that it's going to happen. When it does happen, don't they freeze our money at first? Maybe that's why they are trying to keep hushed, to avoid a panic. Any thoughts on this?

[Marty McFly Jr]

Originally Posted by Taboo2

Big Government needs to BUY big business, fire all the greedy pigs and put better, HONEST people in place to run this sector.

WE NEED OVERSIGHT to make sure the FOX isn't guarding the hen house.

Oh HAHAHAHA hHAAHA hahaha please *gasp weeze* don't make me laugh that hard my stomach is hurting!
GOvernment more honest than business? hahahahahahahaha! you must be kidding me!! On what do you base those assumptions? Government is full of those greedy pigs you mentioned. please, enlighten me! this was a funny one!

[mcmastersteve]

Ergohead, I just had a chance to finish the excellent book Meltdown by Tom woods.
Meltdown
Ron Paul was impressed enough to write a preface.
Want to Understand the Crisis? Then Read This Book by Ron Paul

There is also available a seminar called crash course by Dr Chris Martenson who has earned a phd in Austrian economic theory.
What you will learn could very well scare the hell out of you.
Chris and Ron Paul are students of Ludwig von Mises and are very persuasive as to why the federal reserve bank must be ended now not later.

YouTube - Crash Course: Chapter 1 - Three Beliefs & Chapter 2 - The Three E's
I recommend letting the playlist continue playing through all 24 segments and epilogue. It takes roughly 3.5 hours.

[ergohead]

Thanks McMasterSteve!

[Finn_Jarber]

Originally Posted by Tx08

There has been a lot of talk on the news about nationalizing. I wonder if they are going to announce that it's going to happen. When it does happen, don't they freeze our money at first? Maybe that's why they are trying to keep hushed, to avoid a panic. Any thoughts on this?

A lot of the finance industry was already nationalized last year, and now they are talking about conversing their stocks to common stocks. And the government would simply purchase more of their stock. They did this in Sweden and some other countries and it worked. Later the gov sold the shares for profit.

[irspow]

Yes Sweden, that's a nation we wish to model. Yikes. Sweden has the second highest tax-burden in the world behind only Denmark which recently claimed the throne. OMG, where do they find these people?

[Finn_Jarber]

Originally Posted by irspow

Yes Sweden, that's a nation we wish to model. Yikes. Sweden has the second highest tax-burden in the world behind only Denmark which recently claimed the throne. OMG, where do they find these people?

Eeeehh... their tax rate has nothing to do with what we are talking about. Nor are we talking about modeling our country after Sweden.

We are talking about solutions to the banking crises.

[Taboo2]

This is why we need to STOP LOANING MONEY To the banks and JUST BUY THEM UP!! Kick out the money grubbing idiots spending taxpayers money and PARTIES AND BOOZE and get the GOVERMENT in there to oversee this BUSINESS!!!


Bailout Bank Blows Millions Partying in L.A.
Posted Feb 24th 2009 1:30PM by TMZ Staff
A bank that received $1.6 billion in bailout money just spent a fortune last week in L.A. hosting a series of lavish parties and concerts with famous singers ... and TMZ cameras caught it all.

http://www.blogcdn.com/www.tmz.com/media/2009/02/0223_northerntrust_collage.jpg (broken link)

Northern Trust, a Chicago-based bank, sponsored the Northern Trust Open at the Riviera Country Club in L.A. We're told Northern Trust paid millions to sponsor the PGA event which ended Sunday, but what happened off the golf course is even more shocking.
Northern Trust flew hundreds of clients and employees to L.A. and put many of them up at some of the fanciest and priciest hotels in the city. We're told more than a hundred people were put up at the Beverly Wilshire in Bev Hills, and another hundred stayed at the Loews Santa Monica Beach Hotel. Still more stayed at the Ritz Carlton in Marina Del Rey and others at Casa Del Mar in Santa Monica.

Here are the highlights:

- Wednesday, Northern Trust hosted a fancy dinner at the Ritz followed by a performance by the group Chicago.

- Thursday, Northern Trust rented a private hangar at the Santa Monica Airport for dinner, followed by a performance by Earth, Wind & Fire.

- Saturday, Northern Trust had the entire House of Blues in West Hollywood shut down for its private party. We got the menu -- guests dined on seared salmon and petite Angus filet. Dinner was followed by a performance by none other than Sheryl Crow.

There was also a fabulous cocktail party at the Loews. And how's this for a nice touch: Female guests at the Chicago concert all got trinkets from ... TIFFANY AND CO.
http://www.blogcdn.com/www.tmz.com/media/2009/02/0223_golf_pic4.jpg (broken link)
As for what all that costs: Well, the company isn't talking. We spoke with a rep from the band Chicago who said Northern Trust paid them around $100,000. A House of Blues source told us it cost more than $50,000 to close the joint down last Saturday night. As for Sheryl Crow's fee, her rep didn't get back to us. Earth, Wind & Fire acknowledges payment but won't say how much.

As for the golf tournament, a rep from the PGA told us Northern Trust wrote one big fat check in order to sponsor the event. That check covers part of the $6.3 million purse, the advertising costs for the spots on CBS (which broadcast the final two rounds of the tournament) and operating costs. The rep says the fee was negotiated and is confidential.

Lots of people from Northern Trust went to the golf tourney ... in special Mercedes that shuttled them to and from the hotels. But for those who weren't into golfing, they could spend a few hours at the Northern Trust seminar on the credit crunch.

Now how's this for outrage? Northern Trust laid off 450 workers in December, 4% of its workforce.

And here's what's absolutely amazing: The United States Government flat out gave Northern Trust the $1.6 billion in bailout money, and the bank didn't even request it!

Northern Trust gave us a statement yesterday before going total radio silence. A rep for the bank acknowledges they paid for the events, but that the bailout money did not pay for the events. He claims it was paid out of the bank's operating expenses. Here's Northern Trust's full statement to us.
Perhaps we're missing something, but money is money. How can they spend like this when they're using taxpayer's money, whether they asked for it or not? And where the hell is Congress in all of this? Is there any oversight or accountability?

Your tax dollars, hard at work. Thomas Jefferson was right -- "A little rebellion, now and then, is a good thing."