The “Bailout Bill” is a scam, it is a money grab of unseen proportions and it is going to do nothing but keep the rich money players in the manner they have been accustomed to.

Do you need more proof of that assertion?

The Market Fell 157 points AFTER the bill was passed.

Millions of investors and BILLIONS of dollars are pulling out, the only ones still in the Markets right now are the Big boys like Warren Buffet who’s going to make an absolute raping on this bear market.

You can’t go broke when your Buffet. You just ride the storm out, buy stuff at bargain basement prices and when the markets come back..you’re richer.

Like a harlot of an ex-spouse grabbing their former partners pay check through alimony, the Wall street power brokers have just divorced Main street. Uncle Sam who is akin to the hidden adulterous lover driving the divorce, decided the money brokers need to be kept in the ways as they have grown accustomed to and we the people, all just got shafted in the divorce.

You heard me, it was, is, and will forever more, be the largest bilking on the American Citizen ever.

Well at least until these scam artists, whores, cheats and cons we call politicians find another way to bilk us. Or we the people hit the reset button.

I’ve watched this bailout all week, and I breathed a sigh of relief when they shot it down the 1st time. Alas, not so fast, they came back again, and this time…. this time the money grab has succeeded.

Billions of TAXPAYER dollars are going to be pumped into the investment firms and credit markets.

Perhaps trillions.  Lost in all the hype, the Media soundbites, and with people like Nacy Pelosi and her utterly “stuck on stoopid” rantings, Barny Franks blather, Harry Reid’s moronic drooling is one simple undeniable fact.

Bush, McCain, Obama, the Clintons, are no better, they are all implicit in this scam called the Credit Protection Act.

These billions and trillions, are provided by us the tax payer. It is our money. And all those famous names I just mentioned have just succeeded in forcing the largest rip-off of the American Taxpayer down our throats for one simple reason. To protect the special interests in D.C. and their pals on Wall Street …the big money people. There’s been endless finger pointing and wagging in D.C. The Democrats blame Bush, The Republicans point the finger back at the Clinton Administration, everyone screams, nothing gets said and a bill gets ramrodded through that is going to do nothing to “fix the credit markets” as it is supposed to do.

It’s all a scam, its political theater at its best, or a Cut rate B horror show at worst.

Why do I say that? The “credit” they are trying to fix’ also read as “loans of money based on collateral” this bill is supposed to restore; does not exist.

There is NO collateral for all of these so called bad sub-prime mortgage loans, and we’ve just barely scratched the surface of the defaults thus far.

I’ll be honest I am not a economist, I really sat back this past few weeks and watched this in a sort of wait and see attitude because I simply did not understand it all. But I sure do think I just got a hell of a wake up call.

I’ve been reading various articles and investing news letters that I subscribe to, to try to make some sort of sense of this whole bail out.

I’ll state this.. by far the one that finally cut through the chase and gave me my “AH-HA!!!” was the one I get from Stansberry & Associates in which it is spelled out in detail how the Sub-prime market blew up, and what happened with Companies like AIG, Goldman Sachs, and Lehman and others to cause it.

Added to the information I had learned previously reading this new information and I believe 100% that it is accurate, there is no way this Bill is anything else but a “golden parachute” despite claims to the contrary by our elected reps.

I don’t want to risk a copy right infringement especially with these guys because they have been great and I have made some small investments following their advice and they’ve worked out for me. Er, well they did until I lost 30 + percent of my retirement fund and investments in the market meltdowns, but that’s hardly these guys fault.

There is in this article from Stansberry what is called a “smoking gun” here, and that smoking gun is AIG and the practice they devised of using credit swaps, flawed computer models, and fraud to avoid regulations in not only US banking, but Internationally as well.

So if you want to read the whole article; do like I did and Pay for a subscription No I’m not hawking for them, but on the other hand nothing in life is free now is it? I think their analysis is dead on.

I’ll put this out from the letter as well, as it is part of the language of the bill itself so I feel it is public information, but Kudos to Stansberry, He Nails it perfectly.

The mainstream press hasn’t reported this either: A
provision in the $700 billion bailout bill permits the Fed
to pay interest on the collateral it’s holding, which is
simply a way to funnel taxpayer dollars directly into the
investment banks.

Feel that? Know what that is? That’s the government. That disturbing feeling you have…that vague unease over this “bailout bill”? That’s  them literally reaching into your bank account, your retirements funds, your paychecks  and taking money you worked for, you saved, you earned, directly from you and handing it over to the rich people that got them into DC. And they are not done yet.

That vague unease and uncertainty is founded. Only it should be now growing to an outrage, and a call for a complete and total recall of almost every member of the current D.C. Crowd. They are guilty of Constitutional violations unheard of in the history of the nation. It’s called Treason. All of them.

Said it before and I’ll say again, don’t reach too far there Dear uncle Sam, I’ve worked for you almost all my life to have what I have….but you cross that line into Tyranny one too many times and ….I’ll guran-damn-tee you….

I’ll see dead people.

[454monte-the-author]

2 Responses to “The ugliest divorce…ever.”

  1. The BoBo says:

    Amen to that!  I was totally against this from the beginning..and..so were the majority of this country.  It has now come down to the point where our elected officials are no longer listening to he will of the people.  We need to get them out of office – I will not be voting for an incumbent ever again regardless of party.

  2. Greg says:

    BoBo,
    I feel for the reps that did the right thing and held the ground against this Wall-Street rip off. They are going to get lumped right in with the rest of them that get their walking papers via the ballot box, but I guess …as Misha over at the Rott says…”You have to break a few eggs to make an omelet”.

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