Comments on: Why bailouts will not stop the depression

By: steroizi

steroizi — Sun, 06 Nov 2011 00:45:06 +0000

steroizi…

[...]Why bailouts will not stop the depression – The Sovereign Speculator[...]…

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By: b e v Francis

b e v Francis — Mon, 25 Apr 2011 18:30:20 +0000

gt. rpt. but prof Kot. Lee. Cough “total s.a.m.’s debts
pub pvt $188t. trillion twelve zero (more than $50T you
report). West’s gov’s borrow to pay int., cant pay prin.”
“No repeat no shortage of silver…”
“—> 3 2 1 g o l d “no slv shortage.” eh, whats that aboot?

By: Daniel in The Lions' Den

Daniel in The Lions' Den — Sat, 31 Jan 2009 22:05:19 +0000

Over 20 years ago there was a warning, then over 10 years ago and now, the brilliant people of America, who once participated in government, have lost control. Actually, it happened many decades ago. China and India are, as I write, passing the US in most economic figures. Hang on to what you believe to be most important to you, help others as well, as the decline will now become a “free fall.” MMW!

By: Mike

Mike — Sun, 14 Dec 2008 19:30:16 +0000

Interesting. Well, it’s true anyway and he probably would have agreed with it.

Thanks for the digging.

By: PurplNeonLights

PurplNeonLights — Sun, 14 Dec 2008 19:16:54 +0000

I checked snopes.com about the Jefferson quote mentioned above.

It turns out the quote was very likely not from Jefferson.

Here is the link to the Snopes page about the quote:

http://www.snopes.com/quotes/jefferson/banks.asp

Indicentally, here is the quote:

“If the American people ever allow the banks to control the issuance 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 will wake up homeless on the continent their fathers occupied.”

-Letter to then Secretary of the Treasury, Albert Gallatin, 1802

By: hcrosby

hcrosby — Wed, 15 Oct 2008 18:18:56 +0000

I just read that the Congress can repeal the FED’s charter by a simple majority of both houses of Congress! What an elegant solution…..do away with central baking and have Congress re-assert its constitutional responsibility to issue sound money.

And yes, I do believe in the tooth fairy….

By: Mike

Mike — Mon, 22 Sep 2008 02:15:22 +0000

We’re apparently going to see a lot of replays from the ’30s.

Speaking of the Exchange Stabilization Fund, I guess we should also expect it to bail banks out of their bad foreign bonds again. It’s a great racket: get banana republics to take on debt to pay US companies to build things there, then when the countries default, have the US taxpayer make the bondholders whole again.

But wait, under the new broader bailout language, “troubled assets” could include foreign bonds or anything at all. No more need to run these things by Congress piecemeal — their time is better spend grilling baseball players over steroids.

By: Bjorn

Bjorn — Mon, 22 Sep 2008 01:38:28 +0000

A current news article on investmentnews.com introduced terminology that is troubling.

“The Department of the Treasury announced today that for the next year, it will insure the holdings of any publicly offered eligible money market mutual fund that pays a fee to participate in the program.
The agency received approval from President Bush to use the assets of the Exchange Stabilization Fund.

The Exchange Stabilization Fund was established by the Gold Reserve Act of 1934.

The act allows the secretary of the Treasury, with approval from the president, to “deal in gold, foreign exchange and other instruments of credit and securities” to promote international financial stability.”

The very mention of the Gold Reserve Act of 1934 caused warning bells to sound within me.

By: Mike

Mike — Sun, 21 Sep 2008 18:06:05 +0000

Amazing. Just goes to show why many call it the international banking cartel.

Thomas Jefferson saw it coming:

-Letter to then Secretary of the Treasury, Albert Gallatin, 1802