[kj] Killing joke and Communism

[Brendan]

Conspiracy theorists like me might suggest that some corporations knew
that they would be protected from the fallout of the subprime mess they
helped engineer with their "liar loans" by the Govt bailing out the banks
etc...in effect the people's money being used to bail out the
organisations that scheisted them with loans they could never afford in
the first place...

That's one perspective at least, not saying it's the only one...you
certainly bear some of the blame if you took out a loan you can't afford,
but then again, 110% loans when you have less than half the wherewithal to
pay it back...that's just not kocher.


>

> Thanks for the useful info wise Oliver... I just read a news article about

> the Fed Reserve giving I think $17 million to bail out the banks, while

> the US gives $100,000 to the earthquake victims in Peru...> Date: Tue, 21

> Aug 2007 21:45:46 -0500> From: bigblackhair at sbcglobal.net> To:

> gathering at misera.net> Subject: Re: [kj] Killing joke and Communism> >

> Yeah, I have watched that documentary, From Freedom to Fascism, which is >

> a right-libertarian wet dream. It basically says the Fed is an arch-evil >

> agency -- much like the UN's black helicopters to right wing militia >

> nuts in the 1990s -- that is illegal and un-Constitutional and is >

> reviled by a lot of "I just hate paying taxes"-type Libertarians for the >

> wrong reasons.> > In actuality, the Fed head is appointed by the

> President, if I remember > right, and it acts a lender of last resort to

> US banks, created to > ensure the Great Depression never happens again and

> that banks ever run > out of money if there is a big run on banks like

> there was before the > Great Depression. It is basically a welfare-state

> creation for banks, > who are the lifesblood of our economic system. It

> won't allow banks to > fail to such a degree that confidence in US markets

> is lost and > everything collapses. A nanny state for the business

> sector.> > The Fed also has an unsavory policy of wanting to keep

> unemployment > between 4% and 8% -- which translates to real misery for

> milliosn of > people, by raising interest rates when unemployment gets too

> low. When > unemployment gets too low, the theory goes, workers demand

> higher wages, > and, to keep their cushy salaries and other big perks,

> executives will > charge consumers more to make up for that. That means

> higher consumer > prices, which means workers will want more wages -- so

> up goes inflation.> > One thing the Federal Reserve is NOT is some evil

> conspiratorial cabal > of financial elites with ties to the Illuminati, or

> to Jewish > moneylenders, or any of the other thinly-veiled anti-Semitic

> crap that > has been peddled in some UFO/conspiracy type circles. If you

> ever see an > article on the web about the Fed Reserve that mentions "the

> Rothschilds" > or "medieval Jewish financial bankers," skip it. It's

> bullshit.> > It is, however, a kind of safety net for the banking

> industry, but it > has a policy of keep 4 to 8% of America's population

> unemployed at any > given time, so that workers will be more likely to

> accept less wages.> > -Oliver> > > > Brendan wrote:> > Who owns the

> Federal Reserve...do a search for that on Google and tell me> > what you

> believe...lots of conspiracy theories on that one...I'm not sure> > what

> to believe...some people contend that it's a private corporation, or> >

> mega-corporation, owned by the banks and banking houses...> >> >

> http://en.wikipedia.org/wiki/America:_Freedom_to_Fascism> >> > "The

> central thesis of the film may be that this monetary policy is the> >

> strongest form of governance that has ever existed, and is central to the>

> > unconstitutional, global power ambitions of the interests that

> supposedly> > control the Federal Reserve."> >> >> > \> >> > > >

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