Rave this if you refuse to support the next bail out that is on its way! Apparently the last one was not enough, they not only volunteered tax payers for the next one, Goldman Sachs knows it is coming soon...
As the Wall Street Journal reported yesterday:
Little noticed is that on Tuesday Team Obama took its first
formal steps toward putting taxpayers behind Wall Street derivatives
trading — not behind banks that might make mistakes in derivatives
markets, but behind the trading itself. Yes, the same crew that rails
against the dangers of derivatives is quietly positioning these
financial instruments directly above the taxpayer safety net.
BUMP BACK TO THE TOP.
What this basically means is that the US
Government let Wall Street go wild with high-stakes gambling called
Derivatives, and even after the disaster of AIG (which was dumped into
the taxpayers) derivatives were still allowed to run rampant across the
globe. In other words, since Wall Street and the government ducked the
consequences of their earlier greed, they got greedier. Derivatives
exposure in Europe alone is almost $100
trillion. So what Wall Street
and Washington DC just did is drop the derivatives exposure
taxpayer. So when the system implodes, which is now inevitable, they
will come knocking on the door for your money, your gold, your jewelry,
the gold in your teeth, your silver, your copper, your car, and most
importantly the lives of your children pledged as slaves to the
resulting debt for the next 20 generations. As ancient Rome succumbed to
the machinations of the money-junkies, wives, daughters, even sons were
forced to work in state-owned houses of prostitution. Already in Europe
women are being told they must work as whores if they cannot find other
work with which to pay the money-junkies. Think it will not happen
here? Still believe Saddam had nuclear weapons?
Now, consider that since 2008 the American
people have told the US Government not to use taxpayer money to
backstop Wall Street's recklessness. Had DC allowed Wall Street to take
their lumps from the mortgage-backed securities fraud and fail, to be
replaced by more responsible financial leaders, we would already be
headed out of this mess the way Iceland
is. But the US Government
ignored the will of the people, went ahead with TARP and an endless
stream of additional bailouts, Wall Street got greedier and now Europe
hovers over the edge of a precipice, firmly tied to the Wall Street
banks by derivatives, and now Washington DC wants to move those chains
from their good buddies the bankers onto your ankles, and wave good
bye as you sink our of sight into the abyss.
In other words, the government is going to
force you to pay for the failure that resulted from their doing
something you told them not to do in the first place.
And if you go along with this, then you
deserve everything that is about to happen.
Now is the time to get angry, because you
have nothing left to lose!
“And how we burned in the camps later,
thinking: What would things have been like if every Security operative,
when he went out at night to make an arrest, had been uncertain whether
he would return alive and had to say good-bye to his family? Or if,
during periods of mass arrests, as for example in Leningrad, when they
arrested a quarter of the entire city, people had not simply sat there
in their lairs, paling with terror at every bang of the downstairs door
and at every step on the staircase, but had understood they had nothing
left to lose and had boldly set up in the downstairs hall an ambush of
half a dozen people with axes, hammers, pokers, or whatever else was at
hand?... The Organs would very quickly have suffered a shortage of
officers and transport and, notwithstanding all of Stalin's thirst, the
cursed machine would have ground to a halt! If...if...We didn't love
freedom enough. And even more – we had no awareness of the real
situation.... We purely and simply deserved everything that happened
afterward.” -― Aleksandr I.
Solzhenitsyn, The Gulag Archipelago
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