Our Country - in Shambles

[Wor111]

The Result of President Bush’s Fear-Mongering.

President Bush swindled America into unnecessary wars. His motivation appears to have been his religious fervor and serving the behest of Israel’s agents in Washington, the Neocons and AIPAC.

Moreover, these wars were conducted ineptly, costing us over $1 trillion, with no end in sight.

During his presidency, all his attention was focused on elusive terrorists, producing no results.

He ignored domestic issues and never saw the mortgage crisis coming.

He ignored the massive trade deficit with foreign countries.

Last week he again used massive fear-mongering to bail out Wall Street’s bankers at taxpayer’s expense.

And now, our country (and the world) is in shambles …

[Editor]

See comments on above on
http://whatreallyhappened.com/content/r ... g#comments

[Wor111]

Lehman sought millions for execs while seeking aid.

http://news.yahoo.com/s/ap/20081006/ap_ ... own_lehman

Video: $480 Million compensation to Richard S. Fuld, CEO.

http://cosmos.bcst.yahoo.com/up/player/ ... 0&src=news


xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


AIG subsidiary parties in style in OC, two weeks after bailout.

http://taxdollars.freedomblogging.com/2 ... atrick.net


xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


Our Fractional Reserve Banking System – Creating Money out of thin Air. – Video

“Money is debt – and debt is money.”

http://www.youtube.com/watch?v=4dpJL6ANnV0

http://en.wikipedia.org/wiki/Fractional-reserve_banking

http://whatreallyhappened.com/

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


When Will America wake up from her slumber? Israel is destroying America financially.

http://www.thepeoplesvoice.org/cgi-bin/ ... #more29194

http://www.tbrnews.org/Archives/a2880.htm

[Wor111]

How to Ruin the U.S. Economy.

http://finance.yahoo.com/expert/article/yourlife/112984

12 steps – on Bush’s watch. …. !


xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


Bad Rules, inept Politicians and Administrators caused our Banking woes.

This crisis was not caused by capitalism being fatally flawed. It was caused by politicians forcing the banks to give out bad loans, monetary authorities flooding the West with cheap credit and regulators being asleep at the wheel.

Indeed, one can date its origin precisely, to October 1977, when US president Jimmy Carter signed the "anti-redlining" law. Before then, lenders generally denied loans to people in poor neighborhoods, believing that the local mix of low incomes and a weak housing market would lead to many people defaulting. But the politicians - with good intent - wanted to make home ownership available to all Americans. So lenders were forced into giving out risky mortgages - what we now call "sub-prime" loans.

By 1985, this torrent of bad business had nearly bankrupted America's savings and loan institutions. So the government took on their bad debt and encouraged them to consolidate - unwittingly making them too big to be allowed to fail. …

Mortgage lenders repackaged these bad debts round the world but nobody cried foul. Institutions were lending 30 times their asset base. … Western capitalism has been dealt a severe blow by inept politicians and officials.

http://www.jpost.com/servlet/Satellite? ... 2FShowFull

[tio]

What Hamilton Has Wrought
http://www.silverbearcafe.com/private/1 ... ilton.html

The great debate between Hamilton and Jefferson over the purpose of government, which animates American politics to this day, was very much about economic policy.

"If you keep one eye on the past then you are blind in one eye; but if you keep two eyes on the future then you are blind in both" ~ Russian proverb