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What is this?

Does this make sense???




"The taxpayers loan money to the banks. But the taxpayers do not have the money. So we have to borrow it from the banks to give it back to the banks. But the banks do not have the money to loan to the government. So they create it into existence (through a mechanism called fractional reserve) and then loan it to us, at interest, so we can then give it back to them."

THIS IS WHAT YOU ARE ADVOCATING IF YOU ARE FOR THE BAIL-OUT.

Read Full Story: http://www.democraticunderground.com/discuss/duboa...

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Images1
Images1

Female, 39, Irvington, KY

Posted Oct 02, 2008


I wonder how many of us actually understand what the bailout REALLY means for all of us and our financial futures.....


Dimndnthruff1
Dimndnth...

Female, 31, Fayetteville, NC

Posted Oct 02, 2008


It means the US will be in more debt. If everybody in the US gave three dollars, problem solved. 3 X 300,000,000 = 900,000,000. Debt paid.


BlackRose8374
BlackRos...

Male, 35, Glendale, AZ

Posted Oct 02, 2008


WAIT they want us to loan the money to the bank ( which we dont have) so we gatta borrow money from the bank ( which they dont have) oh %#&@$! this im gettin a head ache ( if u go into the future and mess with ur birth then u dont exist so u cant go into the future to stop ur self from bein born .....THIS IS A LITTLE EASIER TO UNDER STAND)


xMCFLYx
xMCFLYx

Male, 31, Cleveland, OH

Posted Oct 02, 2008


FIAT MONEY RULES THE WORLD

DEMOCRACY IS AN ILLUSION


neal0001
neal0001

Male, 31, Knoxville, TN

Posted Oct 02, 2008


I think I can help out here. Yes they are loaning money form banks but the key word is forgein banks. The get the money form a bank in asia and loan it to the banks in America thats how it works.


thecdubb
thecdubb

Male, Age Private, Saint Louis, MO

Posted Oct 02, 2008


Oh well, we got phucked anyway,.... Riot!!!


getaclue69
getaclue69

Female, 40, Fayetteville, NC

Posted Oct 02, 2008


forget the banks..they should have been smarter. They should find a way to save people's homes and livelihoods first. All the bailout is going to do is keep the rich rich. It will do very little for the man who got laid off the job and now cant feed his family and losing his home. they should use that money, from wherever they get it from, for a rescue of the people, not the institutions who were stupid enough to get themselves into this in the first place. White men hate to lose money.


Dec041967
Dec041967

Male, 41, San Jose, CA

Posted Oct 03, 2008


@getaclue,
It's not just white men it's black men as well.
Many of the people who have had their homes foreclosed never took the time to read the papers they were signing.Its just like when you buy a car or anything else which has a contract.Take renting an apartment ,you had better read the lease agreement carefully because if you don't you may find an eviction notice.
The other problem with the foreclosures is many people were greedy trying to flip houses left and right knowing darn well that the price of homes couldn't possibly keep increasing at the rate they were.
There is no way in the world I'd buy a home for 850,000 knowing that just a few years ago this same house was bought at less than 200k brand new.
But back to the bail-out.Check this link and you'll get an idea of what The Federal Reserve actually is.

http://www.jesus-is-savior.com /Evils%20in%20Government/Feder al%20Reserve%20Scam/federal_re serve.htm


Dec041967
Dec041967

Male, 41, San Jose, CA

Posted Oct 03, 2008


Here are a few quotes I found interesting.


------------------------------ ------------------------------ --------------------

"Government spending is always a ?tax? burden on the American people and is never equally or fairly distributed. The poor and low-middle income workers always suffer the most from the deceitful tax of inflation and borrowing."
?Congressman Ron Paul


------------------------------ ------------------------------ --------------------

"You are a den of vipers! I intend to rout you out, and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning."
?President Andrew Jackson (1829-1837)


------------------------------ ------------------------------ --------------------

"If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
?Thomas Jefferson (1816)


-Tony-
-Tony-

Male, 27, APO, AE

Posted Oct 03, 2008


The hell with running for President. I rather be the head of the Federal Reserve. The Reserve is where the real power is. Rothchild once said he don't want to be a king, just give him control of a country's money.
But anyone with some intelligence saw this coming because the dollar is not backed by gold or anything. They just print paper out of thin air whenever they feel like it. Peg the dollar to gold and see how more responsible they become when they see those nuggets slowly disappear from the vaults.
I wonder what would happen if the govt distributed 700,000,000 among all tax payers? I think businesses would grow as a result of consumers having all the extra cash and a lot of them will invest. And yea maybe a few foreclosures will be prevented. But wait a minute, normal people don't have lobbyists in washington.
This is just another reason to abolish the INF. The international monatery fund or INF has caused the economies to collapse in every country that joined it. The world bank and INF collect trillions from all these countries. What the hell they doing with all that money? It's retarded because whats the use of having all that money if you just gonna sit on it?


Khazeem
Khazeem

Male, 37, Arlington, TX

Posted Oct 03, 2008


Our politicians have lied to us again. The economy will not recover due to this so-called "rescue plan".... it will only give the big boys a huge severance. The people were never in support of this bill but because of the fear tactics and the lobbyist, our Congressman, whom are supposed to vote according to the will of the people, simply did what was in THEIR best interest and not what was in our best interest.

Look at how they lie to us..... they say "look at how the DOW plummeted" to scare us. When the Markets recovered the next day they said "the Markets are not the measuring stick for this thing... its the credit markets".

People stop being afraid of CHANGE..... FOR CHANGE IS THE ONLY THING THAT IS GUARANTEED!


-Tony-
-Tony-

Male, 27, APO, AE

Posted Oct 03, 2008


The crash of 87 was just as bad, but we recovered from that one. Reaganomics didn't work in the 80's and it still don't work now. We need to rethink our economic policy.


la79
la79

Male, 30, Oak Park, MI

Posted Oct 03, 2008


It makes perfect sense!!!

if u that damn stupid and gullible to be taken advantage of........people will take advantage of you!

Ignorance = $$$$

for everything your azz don't know - somebody will charge you for!!!

changing a car's oil ain't hard but most folks spend upwards of $50 each time cause they don't what they doin

how many people pay for services they could get for free if they just knew who to talk to?


Khazeem
Khazeem

Male, 37, Arlington, TX

Posted Oct 03, 2008


Another thing to point out is that they (our Government) is going to buy these assets ABOVE market value, a value that is too high now for the average American to afford, and they tell us that later they will sell it off and make our money back or even a profit.

That's a lie. You can't over-pay for something that is already overpriced and turn around and sell it for a profit. That makes no sense.


kylem1
kylem1

Male, 49, Hampton, VA

Posted Oct 03, 2008


VOTE OUT EVERYONE who voted for that damned bailout. If you don't then you f-ing deserve what you get.






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