Sep 28, 2008

US Economists Come Out Against the $700,000,000,000 Bailout (see the list)

Its long-term effects: If the plan is enacted, its effects will be with us for a generation. For all their recent troubles, America's dynamic and innovative private capital markets have brought the nation unparalleled prosperity. Fundamentally weakening those markets in order to calm short-run disruptions is desperately short-sighted. We ask Congress not to rush, to hold appropriate hearings, and to carefully consider the right course of action, and to wisely determine the future of the financial industry and the U.S. economy for years to come.

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Sep 27, 2008

150 Top Economists Say "Hold Off" on Bailout

`The situation may get urgent, but it's not urgent right now. Right now it's a financial sector problem....`It's just nothing like the calamity the administration is making it out to be.''

Everyone should stop the ignorant panic and read this article from the best economists, who like doctors are best apt to understand both the problem and its cure.

Another great interview and source to better information was provided by CATO Institute's daily podcast, a Sept. 25th interview with an expert on mortgage-backed securities.

Hoppy Kerchevel had an excellent interview with a professor of Economics at West Virginia State University which was very similar in perspective to this article here. SO WHY IS NO ONE LISTENING TO THE EXPERTS, INSTEAD OF THE FED'S FRONT MAN TREASURY SECRETARY PAULSON AND A IGNORANTLY-COMPLYING PRESIDENT? Who do you trust more about the economy, ignorant lawmakers or economists?

The media also (including local talk radio) continues to parrot the "crisis", after Bush's Financial WMD Speech Wednesday, where a virtual "mushroom cloud" was imagined over the economy if "Congress does not act now".

It is a gross exaggeration and even outright lie and the bailout would make things worse, according to experts!

clipped from
Hundreds of Economists Urge Congress Not to Rush on Rescue Plan

Sept. 25 (Bloomberg) -- More than 150 prominent U.S.
economists, including three Nobel Prize winners, urged Congress
to hold off on passing a $700 billion financial market rescue
plan until it can be studied more closely.

In a letter yesterday to congressional leaders, 166
academic economists said they oppose Treasury Secretary Henry
's plan because it's a ``subsidy'' for business, it's
ambiguous and it may have adverse market consequences in the
long term. They also expressed alarm at the haste of lawmakers
and the Bush administration to pass legislation.

``It doesn't seem to me that a lot decisions that we're
going to have to live with for a long time have to be made by
Friday,'' said Robert Lucas, a University of Chicago economist
and 1995 Nobel Prize winner who signed the letter. ``The
situation may get urgent, but it's not urgent right now. Right
now it's a financial sector problem.''

Sep 24, 2008

Financial Crisis and the Fed: How the Fed Obtained Its Power

historical value of dollar (click to enlarge)

In light of the present financial crisis the public needs to know how the Federal Reserve and our present money supply they control came into being. The public should also notice the interesting similarity of circumstances now playing out in which the Fed is seeking even more power under the plea of "necessity". This 8-minute video sheds alot of light on present circumstances.

Cambridge Study: West Virginia Most Neurotic State in Union

This alarming claim caught my attention at the close of CBS News Tuesday night. The part about West Virginia is at the very close. Note the study also talks about health implications as well as social behavior.

The Cambridge University Study CBS refers to is in the Telegraph (UK) here.

He said: "Although these are preliminary findings and require more evaluation, they did throw up some striking geographical trends.

"We did find pretty clear signs that there are meaningful differences in the personalities of people living in different areas of the United States.

"What is particularly impressive is that the results show the effects of personality on people's social habits, values and lifestyles are so pronounced that they have an impact on much bigger social forces."

The findings show that people living in eastern states such as New York are likely to be anxious, stressed, impulsive and prone to heart disease and cancer...


Personality traits: Anxious, stressful and impulsive.

Highest-scoring states: West Virginia, Rhode Island, New York, Mississippi, New Jersey, Pennsylvania, Kentucky, Louisiana, Ohio, Arkansas.

Lowest-scoring states: Alaska, Oregon, South Dakota, Colorado, Utah, Washington, Arizona, Nebraska, North Dakota, Nevada.

Watch CBS Videos Online

Sep 11, 2008

9/11: The Official Story is Mere Allegation and Fiction


On June 5, 2006, the Muckraker Report contacted the FBI Headquarters, (202) 324-3000, to learn why Bin Laden’s Most Wanted poster did not indicate that Usama was also wanted in connection with 9/11. The Muckraker Report spoke with Rex Tomb, Chief of Investigative Publicity for the FBI. When asked why there is no mention of 9/11 on Bin Laden’s Most Wanted web page, Tomb said, “The reason why 9/11 is not mentioned on Usama Bin Laden’s Most Wanted page is because the FBI has no hard evidence connecting Bin Laden to 9/11.”

Surprised by the ease in which this FBI spokesman made such an astonishing statement, I asked, “How this was possible?” Tomb continued, “Bin Laden has not been formally charged in connection to 9/11.” I asked, “How does that work?” Tomb continued, “The FBI gathers evidence. Once evidence is gathered, it is turned over to the Department of Justice. The Department of Justice than decides whether it has enough evidence to present to a federal grand jury. In the case of the 1998 United States Embassies being bombed, Bin Laden has been formally indicted and charged by a grand jury. He has not been formally indicted and charged in connection with 9/11 because the FBI has no hard evidence connected Bin Laden to 9/11.”

Why do you think the CIA closed its "bin Laden unit" in 2006 if he is wanted "dead or alive"?


Go to the 6-minute mark in Loose Change's new Final Cut with rare news clips to see the lack of evidence and the erroneous information which pinned 9/11 on Osama bin Laden (a former CIA asset) and 19 "Islamic terrorists" and justified the neoconservative's Sept. 2000 blueprint for wars for "regime change", "global hegemony", and a "new middle east" upon what they wrote then as a needed "catastrophic and catalyzing event, like a new Pearl Harbor" to justify their agenda.


The official story about 9/11 is as much of a lie as the "intelligence" about Iraq having WMD and being an "imminent threat to the U.S.", and designed to justify the neoconservative agenda, upon a false-flag attack, seize control of U.S. government, develop a fascist Homeland Security system of control and surveillance, and launch new wars for democracy for the global agenda. The War on Terrorism is Bogus, a front for global domination.