It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by brokenbullet56
Obama gives the banks more money, they give him more money, and the cycle continues. Same as every other bought and paid for politician.
Originally posted by mnemeth1
They will accomplish this by having the government settle with the banks, rather than letting individual citizens sue the banks. They will hand over all the houses to the banks and rape the public.
You have to love "capitalism" in America today. These actions have nothing to do with free markets and everything to do with a fascist corrupt political system controlled by banking and oil interests.
Originally posted by thejlxc
sbctinfantry, so if what you're saying is true. Gold is a trap, they may kick in your door to get it. What makes you think land or anything else is safe. Nothing AT ALL is safe, until the bankers and their imaginary debt is ended. Nothing else matters. I hope people see the truth before it's too late.
The Outstanding Public Debt as of 25 Aug 2011 at 02:01:40 PM GMT is:
The estimated population of the United States is 311,184,171
so each citizen's share of this debt is $47,097.17.
The National Debt has continued to increase an average of
$3.96 billion per day since September 28, 2007!
Concerned? Then tell Congress and the White House!
Who Rules America? Economic Elite Have At Least $46 Trillion In Wealth – Revealing The Economic Top 0.1%
"There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” – Warren Buffett, Chairman and CEO of Berkshire Hathaway
...If all this isn’t obscene enough, to further demonstrate how the global economy has now been completely rigged, Deloitte’s analysis predicated, based on current trends, that US millionaire households will see a 225% increase in wealth to $87.1 trillion by 2020. Accounting for wealth hidden in offshore accounts, they are projected to have over $100 trillion in total within the next decade....
Here is an analysis from an investment manager with mega-wealthy clients breaking down the economic top 0.5% of the population, recently published by William Domhoff, sociology professor and author of Who Rules America?:
“Unlike those in the lower half of the top 1%, those in the top half and, particularly, top 0.1%, can often borrow for almost nothing, keep profits and production overseas, hold personal assets in tax havens, ride out down markets and economies, and influence legislation in the US. They have access to the very best in accounting firms, tax and other attorneys, numerous consultants, private wealth managers, a network of other wealthy and powerful friends, lucrative business opportunities, and many other benefits.
Folks in the top 0.1% come from many backgrounds but it’s infrequent to meet one whose wealth wasn’t acquired through direct or indirect participation in the financial and banking industries…. Most of the serious economic damage the US is struggling with today was done by the top 0.1% and they benefited greatly from it….For example, in Q1 of 2011, America’s top corporations reported 31% profit growth and a 31% reduction in taxes, the latter due to profit outsourcing to low tax rate countries…. The year 2010 was a record year for compensation on Wall Street, while corporate CEO compensation rose by over 30%.…
In 2010 a dozen major companies, including GE, Verizon, Boeing, Wells Fargo, and Fed Ex paid US tax rates between -0.7% and -9.2%. Production, employment, profits, and taxes have all been outsourced….
I could go on and on, but the bottom line is this: A highly complex and largely discrete set of laws and exemptions from laws has been put in place by those in the uppermost reaches of the US financial system. It allows them to protect and increase their wealth and significantly affect the US political and legislative processes....
Originally posted by David9176
But think of all the jobs this will create. The more money and wealth they have, the better it works out for the common man/woman. It's been working so well so far....it only makes sense to make them even stronger. Surely we will reap the dividends!!!
Originally posted by ABNARTY
The lack of public outrage is what leaves me scratching my head.
It must have something to do with a perceived remoteness; what does this have to do with the average Joe? Maybe if your average Joe understood the opportunity costs to his better life, it stands a chance of getting traction. Everyone is aware how bad it sucks and is just resigned to the status quo.
May be that is what is needed. Someone more talented than myself needs to spell it out in basic terms for people. Example: If we did not incur so much national debt, X, Y, and Z would be available to Joe. If we did not off shore every stinking job there is, Joe could look forward to X pay, Y benefits, and Z future. If the Fed stopped their criminal activity, the dollar in Joe's wallet would buy him A, B, and C. ...or something along those lines.
Originally posted by David9176
Hey, if this helps billionaires and corporations.....I'm all for it.
This is sure to create jobs.
S/Fedit on 24-8-2011 by David9176 because: (no reason given)
Originally posted by Scalded Frog
This makes me furious
It's not only people that bought more house than they could afford that are affected by all of this. Anyone who bought responsibly and then lost their job because the economic rug was swept from the world's feet when all the easy credit the banks issued went sour is hurt by this.
This country is governed by its' financial institutions and large corporations. People are so worried about preventing further deterioration but I don't think many really understand that that time has passed. I wonder what the catalyst will be for there to be enough outrage for the people to try to take back our country.
I don't understand why their aren't people parked on the steps of every Capital in the country on a daily basis protesting this nonsense and all the other BS that goes on.