You won't believe where that $700-billion bailout figure came from!

reply to post by burdman30ott6


correcto mundo!

So, nonetheless, the American faction, versus the Rothschild faction, still won out and had the prevailing influence. And this continued right up until the formation of the Federal Reserve in 1913, which was a dodgy deceptive move that [Benjamin] Fulford talks about, which lead to the creation of a fiat form of currency in which speculative hot air is used to back up the dollar. It was originally put on the gold standard but even that was being manipulated and now there’s no gold standard. And that Federal Reserve is actually run by the Rothschild faction.

...from the transcript of David Wilcock's Sep. 9 interview

[edit on 29-9-2008 by adrenochrome]

Originally posted by buddhasystem

Originally posted by nyk537
It doesn't surprise me a bit, and it shouldn't anyone else either. These are the same people who ruined the markets in the first place

I share your distrust of the Republican clique, which through willful neglect of govt supervision of the financial markets brought this disaster upon us. One of the champions of deregulation was, you guessed it, John McCain.

Well good for John McCain because it was over involvement of federal agencies that caused this mess. If they wouldnt have insisted that banks make loans to sub prime borrowers most of this problem wouldnt exist. So it seems to me that McCain had it right to deregulate. If the government would have let the banks function like they did for the last 200 or so years and not loan money to people that cant afford to pay it back then we wouldnt have this problem. Instead in true idiot government fashion they incentivized the banks to take on a bunch of needless and foolish risk.

This is going to cost a LOT more than $700 billion.

The figure they gave the S&L debacle during the 80's was $50 billion, it ended up costing 1.4 trillion.

Every day that passes increases the actual amount of money that's
needed doesn't it? Like trying to shoot down a rocket that's launching.
You better hit it while it's moving slowly, because as it accelerates,
your chances of success shrink. You could run out of ammo too.
Every day of inaction makes it more unlikely that $700 Billion will
do what it was designed to do last week, IMO.