10.02.08
$700 B Haste and New Financial Order: VOTB
Haste makes waste. Haste will fill politician’s campaign coffers. Haste is establishing a New Financial Order. Remember what Mayer Amschel Rothschild said, “Give me control of a nation’s money and I care not who makes the laws.”
Politicians bought and paid for by the bailout institutes pathetically say this bailout is for the American people. The truth is this bailout helps build politician’s campaign coffers. The haste is because many politicians are depending on contributions for this year’s and future elections. This is not an American people’s economic crisis. It is a politician’s campaign contributions crisis.
Politicians see more campaign money on the horizon. Mid-level banking institutions are now being gobbled up by huge hedge funds. Hedge funds have lots more money to throw at politicians. Control of this nation’s money is being consolidated in the hands of fewer and fewer people – hedge fund administrators and the treasury secretary.
The media pundits are missing the big picture. They need to follow the money instead of playing the blame game.
“Maplight.org and the Center for Responsive Politics examine political-contribution data. The conclusion of both groups is that Republican and Democratic members of the House who voted yes on the bailout bill received substantially more donations from finance, real estate, insurance, banking, and securities firms than did members who voted no.”
http://www.cfo.com/article.cfm/12330742/c_12330973?f=TodayInFinance_Inside
The flow of campaign cash is a measure of how open-fisted banks and other financial institutions have been to politicians of both parties. Concern is rising that “no matter who the Democratic nominee is and who wins in November, Wall Street will have a friend in the White House,” said Massie Ritsch of the nonprofit Center for Responsive Politics, which tracks campaign donations. “The door will be open to these big banks.”
“In 2000 Republican George W. Bush went on to win the White House after collecting nearly $4 million from the (finance) industry versus Democrat Al Gore’s $1.4 million. In 2004, Bush received $8.8 million, twice what Democratic Sen. John Kerry collected.
http://articles.latimes.com/2008/mar/21/nation/na-wallstdems21
“Mortgage giants Fannie Mae and Freddie Mac were the most powerful companies in the country, and literally controlled the Congress,” said Peter Wallison, a senior fellow at the American Enterprise Institute. “Congress would not do anything they did not want Congress to do – and that came through some very sophisticated political activities and public relations that made it very difficult to challenge them.”
http://www.csmonitor.com/2008/0912/p03s01-usec.html
Bailout Backers (Politicians) Got More Bank Donations
Finally, the New Financial Order is being set up – in haste. The Federal Reserve System (made up of a bunch of private for-profit bankers) was set up in haste back in 1913. History records the rollercoaster economic situations the U.S. has endured since then. Will the New Financial Order usher in Feudalism by way of socialism? The ignorant voting public deserves whatever the future brings for not Voting Out The Bums – VOTB. Read what one smart person has to say.
“One man who knows much about the new emerging financial order is James G. Rickards. He works at the McLean, Va.-based market intelligence firm Omnis Inc., but he’s best-known as the former general counsel of Long Term Capital Management, the hedge fund whose late-1990s implosion sparked fears of a market wide meltdown similar to the one happening now. That disaster was averted by the intervention of the large Wall Street players at the behest of the government. But Rickards learned a lot about meltdowns in the aftermath.”
“What Rickards sees now is a financial order that has been turned on its head. The irony, he says, is that the investment banks generally nurtured and encouraged the hedge fund sector’s emergence and came to largely depend on the fees that the hedge funds paid for their heavy trading activity.”
“This is like people who think baby tigers are cute,” he explained. “And then one day they grow up and eat you.”
The world as Rickards sees it now is this: “The classic investment bank has gone away, and hedge funds are increasingly taking on the functions of the investment banks. Except they are unregulated.”
“At the end, it was the hedge funds whose aggressive short selling killed off the investment banks. They profited in the demise of their predecessors.”
http://dyn.politico.com/members/forums/thread.cfm?catid=1&subcatid=1&threadid=1468171
This $700 B hasty hoax and the ushering in of the New Financial Order will be a historical event. American citizens have corrupt politicians to thank for enslaving their grand kids.
VOTB: Vote out every incumbent, every election if you want to save future generations from the tyranny of politicians corrupted by financial institutions.
