Thank God it Passed, Part 2

[AllentownJake]

Well the EU in reaction to that as I was told at times on here, Tiny little country Greece, is now building something that adds up to be a trillion dollar bailout for their banking system/soverign debt issues.

The Federal Reserve is in the game with currency swaps as are all the other western central bankers. For a system that was "saved" in 2008 with the passage of TARP we are sure looking at the abyss suddenly again.

Brian Williams, a guy that rarely breaks the Kayfabe of the US MSM media's communication to the masses on what they should believe did so in appearence on Letterman rarely this past week.

"The world is out of money and the Emperor has no clothes" "If I wasn't so close to this, I wouldn't leave my house"

Let us be clear, this is not about the somewhat soverign nations of Greece, Italy, Ireland, Portugal, and Spain, collectively known as the PIIGs. This is about French, Brittish, German and American big banking interest and their exposure to debt in this region of the world.

Really this at the end of the day is about the fact that these institutions have behaved badly in every sector they are involved in, and have captured the world governments.

The colonialism of 2010 is a lot different than the colionialism of the 19th century. Instead of armies we use bankers. The bankers are actually more brutal than armies, as they tear countries apart internally pitting competing rival factions against each other while they loot all wealth. Things were fine in the 1980s till in the 1990s and 2000s they stopped picking on the third world, and started to eat their host countries.

At least with the army if you were an oppressed people, you have an enemy that was easy to spot...with the bankers, your enemy is sitting in a chair across your President's or Prime Minister's desk convincing him to do things against the national interest to benefit themselves.

As for TARP, after it passed 8 million more people lost their jobs while the bankers recorded record bonuses for themselves, the markets hit their lows 4 months after the passage. TARP was small potatoes compared to the quantative easing of the federal reserve and the tax rule reinterpretations of the US treasury on large banks.

Thank God it Passed indeed, the world is safe to be looted for a few more months and the political/banking cartel can sleep a little easier...till they have to save the world again, by destorying it.

[ZombieHorde]

1. I thought this thread was going to be about kidney stones. nt

[akbacchus_BC]

2. I thought it was about the Bible!

[AllentownJake]

3. You all won't let me have my I was right moment on the Eurozone

Next up is the State budgets.

[Fumesucker]

4. The most ironic part is..

Mr Thank God It Passed got a granite pizza some time back and then revealed his true nature on Free Republic.

There were more than a few on DU who liked him prior to that incident, I was not among them.

[Hannah Bell]

5. you are kidding me.

[Fumesucker]

8. No kidding, OMC was a freeper mole..

He had the air of utterly unwarranted gloating pomposity down cold..

[HughBeaumont]

14. A CUmstain as well.

I wasn't fooled ONE bit by OMC's "Third Way" bullshit.

[Art_from_Ark]

7. No, it's a reference to a post of the same title made by some DU'er

to celebrate the Banker Bailout Boondoggle of 2008.

[rucky]

9. That would've been less painful. n/t

[BzaDem]

6. What exactly is your proposal? You think it would be better for Greece/etc to let them default? n/t

[AllentownJake]

11. Bailouts don't work

This is a no-win situation. Allowing Greece to default would have allowed the debt to be cleaned out of the system.

Now you have bankrupt banks and a bankrupt country floating around like a Zombie.

[LiberalLoner]

10. How scared should we all be? Dumb question, I know, but I'm really wondering

how this is going to play out, what things are going to look like in the next six months, next year, next decade, for most average working Americans. Or retirees. Or what have you. How bad are things likely to get, I wonder?

[AllentownJake]

12. Bankers have a firm grip on world governments

So, I'd imagine what kind of world they want to build.

[LiberalLoner]

13. I think of Pottersville in "It's a Wonderful Life." n/t