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BREAKING NEWS - Henry Paulson about to address media re: G7
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aaron_o.o 
rarely pure, never simple
User ID: 513816
10/10/2008 7:08 PM
 | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
while our anglo saxon empire has disallowed Africa to grow.
Al Gore says to the pharmacist, "so how is your solar power unit going for ya!? that's great"..
"We must now face the harsh truth that the objectives of communism are being steadily advanced because many of us do not recognize the means used to advance them. ... The individual is handicapped by coming face to face with a Conspiracy so monstrous he cannot believe it exists. The American mind simply has not come to a realization of the evil which has been introduced into our midst."
- J. Edgar Hoover
"The real rulers in Washington are invisible and exercise power from behind the scenes"
- Justice Felix Frankfurter
"Behind the ostensible government sits enthroned an invisible government owing NO allegiance and acknowledging NO responsibility to the people." - Theodore Roosevelt, 1906
Pythagoras
...never allowed his neophytes to see him during the years of probation, but instructed them from behind a curtain in his cave
- H. P. Blavatsky (Isis Unveiled) |
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Anonymous Coward
User ID: 522858
10/10/2008 7:08 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
they just want 48 hours (the weekend) to get all the aspects of the Martial Law in place. this is bad. |
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Anonymous Coward
User ID: 520867
10/10/2008 7:09 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
This topic is a BIG discussion point friends.
Lets have some serious conversation about what the weekend will reveal. Paulsons comments so far are so ambiguous it's almost by design.
PIN Quoting: SUMMERS 520303
He was quite concrete imo. US government is going to buy stocks of financial institutions if they wish for liquidity. Swap lines will and are already increased with central banks. A temporary guerantee on all American deposits will also be implemented. |
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aaron_o.o
rarely pure, never simple
User ID: 513816
10/10/2008 7:09 PM
| | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
picture of Paulson
[link to banks.com]
"We must now face the harsh truth that the objectives of communism are being steadily advanced because many of us do not recognize the means used to advance them. ... The individual is handicapped by coming face to face with a Conspiracy so monstrous he cannot believe it exists. The American mind simply has not come to a realization of the evil which has been introduced into our midst."
- J. Edgar Hoover
"The real rulers in Washington are invisible and exercise power from behind the scenes"
- Justice Felix Frankfurter
"Behind the ostensible government sits enthroned an invisible government owing NO allegiance and acknowledging NO responsibility to the people." - Theodore Roosevelt, 1906
Pythagoras
...never allowed his neophytes to see him during the years of probation, but instructed them from behind a curtain in his cave
- H. P. Blavatsky (Isis Unveiled) |
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Anonymous Coward
User ID: 422489
10/10/2008 7:11 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
He believes there will be volitivity for a while.
People came together and the media is naive because economies are so different are coming up with new laws and policies to deal with issues.
Issues are what we have to deal with, let's learn from each other. Take different approaches in different countries.
either he's blowing smoke at the meeting and is trying to sell you on it because he got his butt cooked, or they are working together to calm people enough to not cause any trouble for the summit. I'm not so sure because of his lack of information, identically to what Bush did this morning, that he's done much to gain respect because of the things he's done in the past.
He's going to talk at the G20 Tommorrow.
He did say he would be able to use tax payers money more efficiently and effectivly with his new powers. Tax payers dollars will go further FOR WHO |
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Anonymous Coward
User ID: 422489
10/10/2008 7:12 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
I would suggest that anyone watching the media tube get unplugged from the media and connect to internet. What he's saying you really should be hearing. He's talking out his ass and is still trying to sell the taxpayer on the fact that he's much more adequate to solve the problem. |
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Anonymous Coward
User ID: 517658
10/10/2008 7:13 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
So this is how the USA goes out...with a wimper.
Our goverment now owns us, our business, our lives.
Our founding fathers must be rolling over in their
graves,sickened by the gutless people of this country.
I feel as though part of me has died. |
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SUMMERS
User ID: 520303 (OP)
10/10/2008 7:14 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
So taxpayer dollars are going to go further with equity purchases.
First the US taxpayers were going to make a profit when the toxic assets rose in value, but now the government are buying stakes in institutions? Who decides when to recoup that money?
OK This is my new theory....
The bailout was specifically to raise money for the federal purchase of equity, under the guise of buying bad assets. This could almost be seen as a step for the future in the sense that once martial law has been declared following a financial meltdown of epic proportions, and order is eventually restored, they own the economy |
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Anonymous Coward
User ID: 422489
10/10/2008 7:14 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
Alot of studdering. |
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no video==no doom
User ID: 519754
10/10/2008 7:14 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
ONE WORLD GOVERNMENT COMING SOON
                
ONE WORLD GOVERNMENT COMING SOON |
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Esophrenic
User ID: 501302
10/10/2008 7:14 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
Tune into this feed
[ link to www.cnbc.com]
Kind of funny listening to all the journalists, someone left the mic on
SERIOUSLY THOUGH!!!
This could be a big indication of whats to happen over the next few days
Thanks for the link. Esophrenic go fuck yourself, rude bitch.
who the fuck is Esophrenic? wrong thread?
Eophrenic insulted me on another thread, when I asked him/her for a link.
So I'm thanking the OP for the link, and telling Esophrenic to fuck off.
Killing two birds with one stone, so to speak.
must be a chick. |
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Anonymous Coward
User ID: 522805
10/10/2008 7:16 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
Stocks go up next week.
No the stock market in USA will not be shut down.
Today was the bottom.
 |
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canislatrans
Coyote
User ID: 516342
10/10/2008 7:17 PM
 | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
So they're gonna nationalize a bunch of banks and what else?
And those who were seen dancing were thought to be insane by those who could not hear the music. |
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Anonymous Coward
User ID: 520303 (OP)
10/10/2008 7:17 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
So taxpayer dollars are going to go further with equity purchases.
First the US taxpayers were going to make a profit when the toxic assets rose in value, but now the government are buying stakes in institutions? Who decides when to recoup that money?
OK This is my new theory....
The bailout was specifically to raise money for the federal purchase of equity, under the guise of buying bad assets. This could almost be seen as a step for the future in the sense that once martial law has been declared following a financial meltdown of epic proportions, and order is eventually restored, they own the economy Quoting: SUMMERS 520303
Wow..... I mean seriously... no plan????
Anyone else hear the last question about how much time we have left? I missed the answer |
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Anonymous Coward
User ID: 486149
10/10/2008 7:19 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
Stocks go up next week.
No the stock market in USA will not be shut down.
Today was the bottom.
 Silly Rabbit. |
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Anonymous Coward
User ID: 522587
10/10/2008 7:22 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
ONE WORLD GOVERNMENT COMING SOON
ONE WORLD GOVERNMENT COMING SOON Quoting: no video==no doom
Hope is a goody ONE
for the People
Not the NWO |
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Anonymous Coward
User ID: 521741
10/10/2008 7:22 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
while our anglo saxon empire has disallowed Africa to grow.
Al Gore says to the pharmacist, "so how is your solar power unit going for ya!? that's great".. Quoting: aaron_o.o
OOH RAH! aaron_0.0 |
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Summers
User ID: 520303 (OP)
10/10/2008 7:23 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
This topic is a BIG discussion point friends.
Lets have some serious conversation about what the weekend will reveal. Paulsons comments so far are so ambiguous it's almost by design.
PIN
He was quite concrete imo. US government is going to buy stocks of financial institutions if they wish for liquidity. Swap lines will and are already increased with central banks. A temporary guerantee on all American deposits will also be implemented. Quoting: Anonymous Coward 520867
Yes but in a time where the market is looking for a miracle cure that doesn't exist, a statement about doing more of the same and attaching equity purchase to it is not going to help.
But obviously they know that will be the outcome too. |
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Anonymous Coward
User ID: 475505
10/10/2008 7:26 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
This is Corporatism, also known as Corporate Fascism, or Economic Fascism. Individuals are subjected to the good of the State, and the Nation owns the companies.
Here is a small text regarding such things... Just imagine what fantastic names we will have for these agencies that will be developed in our new Socialist Paradise!
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Government-business partnerships. A third defining characteristic of economic fascism is that private property and business ownership are permitted, but are in reality controlled by government through a business-government "partnership." As Ayn Rand often noted, however, in such a partnership government is always the senior or dominating "partner."
In Mussolini's Italy, businesses were grouped by the government into legally recognized "syndicates" such as the "National Fascist Confederation of Commerce," the "National Fascist Confederation of Credit and Insurance," and so on. All of these "fascist confederations" were "coordinated" by a network of government planning agencies called "corporations," one for each industry. One large "National Council of Corporations" served as a national overseer of the individual "corporations" and had the power to "issue regulations of a compulsory character."
The purpose of this byzantine regulatory arrangement was so that the government could "secure collaboration . . . between the various categories of producers in each particular trade or branch of productive activity." Government-orchestrated "collaboration" was necessary because "the principle of private initiative" could only be useful "in the service of the national interest" as defined by government bureaucrats.
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no video==no doom
User ID: 519754
10/10/2008 7:27 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
Quoting: Anonymous Coward 522587
HOPE AND DENIAL are not the same thing. |
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Anonymous Coward
User ID: 521741
10/10/2008 7:31 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
What is G7 or who is G7 |
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Summers
User ID: 520303 (OP)
10/10/2008 7:31 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
This is Corporatism, also known as Corporate Fascism, or Economic Fascism. Individuals are subjected to the good of the State, and the Nation owns the companies. Quoting: Anonymous Coward 475505
That is spot on.
It's been a really shocking few days for me. Forget about the DOW Jones and the Nikkei for two seconds and consider that over the last few weeks, our freedoms are being stripped away at a rate unprecedented in US history, by things like the bailout bill, and the further extensions of power given to the executive.
I've always believed that the world isn't as it seems, but even knowing that, watching it all unfold in front of our eyes is quite shocking to say the least. |
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Summers
User ID: 520303 (OP)
10/10/2008 7:32 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
What is G7 or who is G7 Quoting: Anonymous Coward 521741
The seven most industrialized nations |
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Anonymous Coward
User ID: 430839
10/10/2008 7:40 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
The Surgical team comes in, and announces that they need a big band aid. They get it after a week, or so, and still, the victim lies prone. One surgeon suggests a can of "Kick Start" to be applied under the armpits. They try that, and the patient goes into a severe shock. The head surgeon hires a helper to help with cutting up the band aid, and ignores the coughing spell, as "a minor problem." Pieces of the band aid are distributed all over the body. The victim is now turning blue. The team props him up, and suggests another band aid, "since the first one didn't help". Tune in next week......for the possible embalming....or the "amazing recovery". |
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Anonymous Coward
User ID: 520303 (OP)
10/10/2008 7:41 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
Taken from [link to www.cnn.com]
The plan of action includes:
* Take decisive action and use all available tools to prevent "important" institutions from failing.
* Take steps to unfreeze credit and money markets and ensure that banks and other institutions have broad access to liquidity and funding.
* Ensure that banks and other major financial intermediaries can raise enough capital from public and private sources to re-establish confidence and kick start lending to individuals and businesses.
* Ensure that each country's deposit insurance programs are strong and consistent to assure depositors their money is safe.
* Take action to restart the secondary markets for mortgages and other securitized assets.
It's an action plan with no action or substance.
I still think this is just paving the way for a huge announcement that, thanks to this announcement, the market will now be craving. |
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Calibob
User ID: 475505
10/10/2008 7:47 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
This is Corporatism, also known as Corporate Fascism, or Economic Fascism. Individuals are subjected to the good of the State, and the Nation owns the companies.
That is spot on.
It's been a really shocking few days for me. Forget about the DOW Jones and the Nikkei for two seconds and consider that over the last few weeks, our freedoms are being stripped away at a rate unprecedented in US history, by things like the bailout bill, and the further extensions of power given to the executive.
I've always believed that the world isn't as it seems, but even knowing that, watching it all unfold in front of our eyes is quite shocking to say the least. Quoting: Summers 520303
I'm with you Summers.
The government will own between 60%-70% of ALL U.S. mortgages by the time the bailout is completed. They guarantee all of Fanie and Freddie's assets, facilitated (read: forced/financed) the sale of Bear Sterns, have propped up our biggest Insurance company to the tune of $100B in return for partial ownership, and are now going to start buying common shares of companies outright.. Buy the shares, become an owner.
It gives a slogan like "What is good for GM is good for the US" a whole new very literal meaning.
I am afraid we are at the beginning of NOT a new Socialism per se, but a new Nationalistic Corporatism. Socialism as an economic form is primarily directed at a sharing of wealth among the populace. However, Corporatism aims at a stealth increase in the power of the State at all private costs. There are successful experiments in Democratic Socialism. This is not what we are talking about here.
What we have here is a vigorous strengthening of the State/Executive Power under the guise of "saving" companies. The result will be blatent corruption and wealth sharing between politicians and company executives. Both parties in full cooperation mode to serve the common ends... which normally mean War, Poverty of the masses, and Authoritarian rule. |
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Mr. Predictor 
Forum Moderator
User ID: 287257
10/10/2008 7:48 PM
 | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
What is G7 or who is G7 Quoting: Anonymous Coward 521741
that's who James Bond works for
The path of the righteous man is beset on all sides by the iniquities of the selfish and the tyranny of evil men. Blessed is he, who in the name of charity and good will, shepherds the weak through the valley of darkness, for he is truly his brother's keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who would attempt to poison and destroy my brothers. And you will know my name is MOD when I lay my vengeance upon thee. |
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TEXAS UNCENSORED
User ID: 113191
10/10/2008 7:51 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
Take into account that the citizenry was 300-1 against the bailout, obviously these people don't care that elections are coming up, and most of them in the House & Senate are up for re-election or not, something must be going on.
If they don't care that the American people said NO, overwhelmingly, 'NO you can't steal our money and give it to the crooks who own you', I'm guessing our votes will not be properly counted.
The fix must be in, and the payoffs are in the envelopes. |
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SUMMERS
User ID: 520303 (OP)
10/10/2008 7:54 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
Take into account that the citizenry was 300-1 against the bailout, obviously these people don't care that elections are coming up, and most of them in the House & Senate are up for re-election or not, something must be going on.
If they don't care that the American people said NO, overwhelmingly, 'NO you can't steal our money and give it to the crooks who own you', I'm guessing our votes will not be properly counted.
The fix must be in, and the payoffs are in the envelopes. Quoting: TEXAS UNCENSORED 113191
So, some predictions about the state of the world on Tuesday morning?
Any predictions on the outcome of the G7 talks, if any? |
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Anonymous Coward
User ID: 475505
10/10/2008 7:58 PM | | Re: BREAKING NEWS - Henry Paulson about to address media re: G7 | Quote |
If the Government is a majority owner of a company like say, Goldman Sachs... Just think of how nice it will be a politician. If you get paid then it isn't "Corruption" it is "Cooperation".
If every member of congress can have the opportunity to share just 2% of Goldman's earnings, it should mean somewhere in the neighborhood of $ 10 million each, give or take.
Boy I want to be a politician in the bright new Corporatist America! Don't you!? |
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