Lawrence, KS - Events Local News Groups Contact
The end of America as you knew it is at hand. It was a good 232 year run...
By Indy Media / filmsforaction.org
*UPDATED*: Take Action to Stop Paulson's Plunder.

From HousingPanic.BlogSpot.com:


America is about to be legally stolen from the people, and given to a very small group of powerful men.

The Patriot Act of Finance, otherwise known as Paulson's $700 billion bailout bill, if passed in its present form will be the nail in the coffin for an America by, for and of the people.

Just like the Patriot Act appeared to be written before 9/11, so does this Patriot Act of Finance appear to be written before the housing crash. And yes, both were rushed through a panicked Congress and complacent media in the middle of the night.

A nation founded by the people, for the people will be given to a very select group of bankers. Legally. Without a shot fired. Because Americans were too distracted and too dumb to know what was going on.

Brilliant.

Here's how it will be done:

1) The key line in the proposed bill is this one:

"The Secretary's authority to purchase mortgage-related assets under this Act shall be limited to 700,000,000,000 dollars outstanding at any one time"

What this does is give Hank Paulson, acting as an emperor with unchecked control over the nation's treasury, a $700 billion line of credit in which he can buy up toxic debt for whatever price he'd like to pay, $700 billion at a time.

In other words - he could buy trillions. Trillions and trillions and trillions. Buying and selling, buying and selling.

He can sell the junk he buys from his banker friends for whatever price he wants, saddling the taxpayers with the loss. He keeps this process going, using his $700 billion credit card. Buy for 60 cents on the dollar, sell for 30 cents on the dollar. Buy for 80 cents on the dollar, sell for 5 cents on the dollar. He's in charge.

$700 billion folks IS JUST THE LINE OF CREDIT. He can purchase trillions and trillions of bad debt with this credit card, as long as only $700 billion is OUTSTANDING at any one time.

2) Hank Paulson, CEO of Goldman Sachs on leave, has complete and total control over the nation's treasure. He would be unchecked by Congress, unchecked by the President. He will be king. Here's the text:

"The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act, including, without limitation"

Using this power, Hank Paulson of Goldman Sachs could pay Goldman Sachs anything he wanted for their mortgage assets. Let's say the market value was 20 cents on the dollar. Hank Paulson could pay them 100 cents on the dollar. Its his decision and his alone. No oversight. No limitations. Hank Paulson could simply give the nation's treasure to Goldman Sachs.

Get it now?

3) Deputizing the banks and investment banks as "agents of the government". Seriously. Here's the text:

"Designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them"

4) Have no outside control over the firesale of assets and loss to the taxpayer. Again, Hank Paulson and Hank Paulson alone shall be in control. No auditors. No oversight. No multiple bids. No nothing. Hank Paulson and Hank Paulson alone. Here you go:

"Sale of Mortgage-Related Assets. The Secretary may, at any time, upon terms and conditions and at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act."

5) Hank Paulson has final say. Hank Paulson knows what's best. Hank Paulson cannot be reversed. Hank Paulson cannot be sued. Hank Paulson is king.

"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency"

So, what can you do? Normally here I'd say contact your corrupt Congressman or Senator. Contact the media. But folks, Congress has been bought. The media have been bought.

The American people have lost.

Deal with it.

So unless there's rage in the street, which there won't be - the new Fall TV season is starting - it's over. They win. In eight short years, they took everything they wanted. And nobody could stop them.

The only hope, for the hopeful? That we can run out the clock, and this bill doesn't pass until Bush and Paulson are gone. But if that's the case, and the bill does pass after January 2009, then the question is - who do you trust more - the outsider or the insider. And with this much on the line, will the outsider be allowed to win?

If this bill does pass ASAP, well, then watch Paulson get busy with his new credit card as fast as he can. He only has four more months. He'll be buying up crap as fast as he can in a desperate and reckless orgy of greed.

Regardless of how this plays out, prepare the best you can. Know what is happening in your former country, and do what is best for you and your family to survive.


Read the Bill in it's current form here.

Visit this blogs homepage: HousingPanic.BlogSpot.com


For more information on how our country's money system works, check out "The Money Masters" below. A classic documentary, part 1 of 2. Watch more films in our Online Films section.

0.0 ·
0
What's Next
Trending Today
Rap News Special Edition: Hillary Clinton Vs Donald Trump
7 min · 15,500 views today · Hello world. RAP NEWS is back for a special episode on the 2016 USA Election mayhem, feat. Hillary Clinton vs Donald Trump + a touch of Jill Stein & Gary Johnson. This one's...
Ten Ways We Misunderstand Children
Jan Hunt · 12,409 views today · 1. We expect children to be able to do things before they are ready. We ask an infant to keep quiet. We ask a 2-year-old to sit still. We ask a 3-year-old to clean his room...
The Little Engine That Couldn't: How We're Preparing Ourselves and Our Children for Extinction
Daniel Quinn · 8,930 views today · In a recent semi-documentary film called Garbage, a toxic waste disposal engineer was asked how we can stop engulfing the world in our poisons. His answer was, "We'd have to...
When You Kill Ten Million Africans You Aren't Called 'Hitler'
Liam O'Ceallaigh · 6,256 views today · Take a look at this picture. Do you know who it is? Most people haven’t heard of him. But you should have. When you see his face or hear his name you should get as sick in...
Debt, Inequality and the Logic of Financial Violence
David Graeber · 4,392 views today · Five years after Occupy, organizer and anthropologist David Graeber speaks to ROAR about the power of finance, the history of inequality and the legacy of the movement.
Prince Ea Just Put The School System on Trial and Found it Guilty of Killing Free Thought
6 min · 3,776 views today · Albert Einstien once said "Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid". Today Prince...
The Culture of Maximum Harm
Daniel Quinn · 3,035 views today · People have lived many different ways on this planet, but about ten thousand years ago there appeared one people who believed everyone in the world should live a single...
Incredible Photographs and Witness Statements from Charlotte and Baton Rouge Protests
Mankaprr Conteh · 1,984 views today · On September 20, a black father named Keith Lamont Scott was fatally shot by an officer of the Charlotte-Mecklenburg Police Department. It is not clear if he was armed...
The Left Deserves Better Than Jill Stein
Kate Aronoff · 1,857 views today · Stein’s Green Party run doesn’t offer a plan to win, or to build power. The Left is capable of so much more.
How You Can Support Standing Rock
Thane Maxwell · 1,679 views today · This is your pipeline battle too. Whatever you have to offer, we need it. Wherever you are, take one step deeper. Find your voice. Find your own front lines.
Yemen's Forgotten War and Famine Fuelled by Weapons from The West
3 min · 1,592 views today · The world has forgotten the war in Yemen but you'll remember these shocking images of its starving children.
18 Empowering Illustrations to Remind Everyone Who's Really in Charge of Women's Bodies
Julianne Ross · 1,071 views today · When Brazilian graphic designer Carol Rossetti began posting colorful illustrations of women and their stories to Facebook, she had no idea how popular they would...
Kids Killed by Guns: America's Daily Nightmare
3 min · 1,066 views today · On an average day in America, seven children and teenagers will be shot dead.Gary Younge tells the stories of the lives lost on one random day - 23 November 2013. Ten children...
John Lennon's "Imagine," Made Into a Comic Strip
John Lennon. Art by Pablo Stanley · 1,009 views today · This is easily the best comic strip ever made.  Pabl
Olympian John Carlos on the Power of Protest
3 min · 988 views today · 1968 Olympic athlete John Carlos protested racial inequality by raising his fist in a Black Power salute on the medal stand. He has some advice for athletes like Colin...
This Satirical Trump Vs. Bernie Debate Is Both Hilarious and Highly Disturbing
44 min · 923 views today · Comedians James Adomian (Bernie Sanders) and Anthony Atamanuik (Donald Trump) bring two of the most controversial candidates in history, head-to-head, or rather bald-to-toupee...
Schooling the World (2010)
66 min · 886 views today · If you wanted to change an ancient culture in a generation, how would you do it? You would change the way it educates its children. The U.S. Government knew this in the 19th...
Your Lifestyle Has Already Been Designed (The Real Reason For The Forty-Hour Workweek)
David Cain · 817 views today · Well I’m in the working world again. I’ve found myself a well-paying gig in the engineering industry, and life finally feels like it’s returning to normal after my nine months...
Gabor Maté: Why Our Culture Makes So Many Of Us Unhappy
3 min · 637 views today · Dr. Gabor Maté explains why it is that our culture makes so many of us unhappy, unkind to one another, miserable, alienated from ourselves, etc. Watch the full interview in Part 2.
The White Man in That Photo
Riccardo Gazzaniga · 609 views today · Sometimes photographs deceive. Take this one, for example. It represents John Carlos and Tommie Smith’s rebellious gesture the day they won medals for the 200 meters at the...
Load More
Like us on Facebook?
The end of America as you knew it is at hand. It was a good 232 year run...