A Simple Solution for Fixing the Economy

This is from an article in the St. Petersburg Times newspaper on Sunday.

The Business Section asked readers for ideas on: "How Would You Fix the Economy?"

I think this guy nailed it! Please find below my suggestion for fixing America's economy.

Instead of giving billions of dollars to companies that will squander the money on lavish parties and unearned bonuses, use the following plan.

The Patriotic Retirement Plan:

There are about 40 million people over 50 in the work force. Pay them $1 million apiece severance for early retirement with the following stipulations:

1) They MUST retire. Forty million job openings.

Unemployment fixed.

2) They MUST buy a new American CAR. Forty million cars ordered.

Auto Industry fixed.

3) They MUST either buy a house or pay off their mortgage.

Housing Crisis fixed.

It can't get any easier than that!

P.S. If more money is needed, have all members in Congress and their constituents pay their taxes...

While you're at it, make congress retire on Social Security and Medicare. I'll bet both programs would be fixed pronto!











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A Second Look at the Federal Reserve

Creature From Jekyll Island A Second Look at the Federal Reserve

G Edward Griffin explains the FEDERAL RESERVE - a total money scam.

This 42-minute video is the beginning of your education. Click below to learn how to put this information to good use in eliminating your mortgage LEGALLY.

Copyright @ 1998-2009
All Rights Reserved

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Bonehead Boehner Provides Republican "Budget"

The GOP confirmed its status as the Party that's Got 0 Plans when the Emperor of Evil, Congressman John Boehner held a skinny blue folder in his hand and presented the "blueprint" for America. Just one problem. It's the first budget in recent memory that has NO NUMBERS. Brilliant!

At a news conference unveiling the plan, House Minority Leader John A. Boehner was peppered with questions about why he was offering only what he called a “blueprint” and not specific details. In fact, there were few specific numbers or line items — mostly just broad outlines.

“This is a blueprint,” Boehner responded, noting that House Republicans will bring their specific budget figures to the floor next week. “Wait till next week.”

House Republicans said their plan would have less spending than the whopping $3.6 trillion plan proposed by the Obama White House, which Rep. Paul Ryan, the lead House Republican on the budget committee, called “so reckless that it must be opposed.” “This administration has offered the most fiscally irresponsible budget in American history,” said GOP Conference Chairman Mike Pence.

The Republican Party is in the midst of a complete breakdown. They lack direction, focus, and most important, leaders. Here is Boehner's remarkable presentation:





















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The Bankers Manifesto

Charles A. Lindbergh

Congressman Charles A.. Lindbergh, Sr. revealed the Bankers Manifesto of 1892 to the U.S. Congress somewhere between 1907 and 1917.

We (the bankers) must proceed with caution and guard every move made, for the lower order of people are already showing signs of restless commotion. Prudence will therefore show a policy of apparently yielding to the popular will until our plans are so far consummated that we can declare our designs without fear of any organized resistance.

Organizations in the United States should be carefully watched by our trusted men, and we must take immediate steps to control these organizations in our interest or disrupt them. At the coming Omaha convention to be held July 4, 1892, our men must attend and direct its movement or else there will be set on foot such antagonism to our designs as may require force to overcome.

This at the present time would be premature. We are not yet ready for such a crisis. Capital must protect itself in every possible manner through combination (conspiracy) and legislation. The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible.

When, through the process of law, the common people have lost their homes, they will be more tractable and easily governed through the influence of the strong arm of the government applied to a central power of imperial wealth under the control of the leading financiers.

People without homes will not quarrel with their leaders. History repeats itself in regular cycles. This truth is well known among our principal men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism.

The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with the reciprocity must be forced to view through the Republican Party. By thus dividing voters, we can get them to expend their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete actions, we can secure all that has been so generously planned and successfully accomplished.

Source:  HEYOKA MAGAZINE

Is it any wonder that Bonnie and Clyde were heroes and hatred toward the banks is so universal?

















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Trump in Bankruptcy Again!

"You're Fired!"

Famed entrepreneur and TV star of "The Apprentice", Donald Trump, is again in financial trouble. Trump Entertainment Resorts made the filing in U.S. Bankruptcy Court in Camden, N.J., four days after the real estate mogul whose name remains on the company and its three seaside gambling resorts resigned as chairman of the board.

Trump was frustrated that bond holders and their allies on the board rebuffed his offer to buy the company and take it private.

Such a filing would mark the third appearance in bankruptcy court for Trump Entertainment, which most recently emerged from bankruptcy proceedings in 2005.

Click to read FULL STORY.















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Obama's Weekly Address: 1/31/09

In his weekly address, President Barack Obama announced that Treasury Secretary Timothy Geithner is preparing a new strategy for reviving our financial system, and urged the swift passage of an American Recovery and Reinvestment Plan.




Transcript:

"This morning I'd like to talk about some good news and some bad news as we confront our economic crisis.

The bad news is well known to Americans across our country as we continue to struggle through unprecedented economic turmoil. Yesterday we learned that our economy shrank by nearly 4 percent from October through December. That decline was the largest in over a quarter century, and it underscores the seriousness of the economic crisis that my administration found when we took office.

Already the slowdown has cost us tens of thousands of jobs in January alone. And the picture is likely to get worse before it gets better.

Make no mistake, these are not just numbers. Behind every statistic there's a story. Many Americans have seen their lives turned upside down. Families have been forced to make painful choices. Parents are struggling to pay the bills. Patients can't afford care. Students can't keep pace with tuition. And workers don't know whether their retirement will be dignified and secure.

The good news is that we are moving forward with a sense of urgency equal to the challenge. This week the House passed the American Recovery and Reinvestment Plan, which will save or create more than 3 million jobs over the next few years. It puts a tax cut into the pockets of working families, and places a down payment on America's future by investing in energy independence and education, affordable health care, and American infrastructure.

Now this recovery plan moves to the Senate. I will continue working with both parties so that the strongest possible bill gets to my desk. With the stakes so high we simply cannot afford the same old gridlock and partisan posturing in Washington. It's time to move in a new direction.

Americans know that our economic recovery will take years -- not months. But they will have little patience if we allow politics to get in the way of action, and our economy continues to slide. That's why I am calling on the Senate to pass this plan, so that we can put people back to work and begin the long, hard work of lifting our economy out of this crisis. No one bill, no matter how comprehensive, can cure what ails our economy. So just as we jumpstart job creation, we must also ensure that markets are stable, credit is flowing, and families can stay in their homes.

Last year Congress passed a plan to rescue the financial system. While the package helped avoid a financial collapse, many are frustrated by the results -- and rightfully so. Too often taxpayer dollars have been spent without transparency or accountability. Banks have been extended a hand, but homeowners, students, and small businesses that need loans have been left to fend on their own.

And adding to this outrage, we learned this week that even as they petitioned for taxpayer assistance, Wall Street firms shamefully paid out nearly $20 billion in bonuses for 2008. While I'm committed to doing what it takes to maintain the flow of credit, the American people will not excuse or tolerate such arrogance and greed. The road to recovery demands that we all act responsibly, from Main Street to Washington to Wall Street.

Soon my Treasury Secretary, Tim Geithner, will announce a new strategy for reviving our financial system that gets credit flowing to businesses and families. We'll help lower mortgage costs and extend loans to small businesses so they can create jobs. We'll ensure that CEOs are not draining funds that should be advancing our recovery. And we will insist on unprecedented transparency, rigorous oversight, and clear accountability -- so taxpayers know how their money is being spent and whether it is achieving results.

Rarely in history has our country faced economic problems as devastating as this crisis. But the strength of the American people compels us to come together. The road ahead will be long, but I promise you that every day that I go to work in the Oval Office I carry with me your stories, and my administration is dedicated to alleviating your struggles and advancing your dreams.

You are calling for action. Now is the time for those of us in Washington to live up to our responsibilities."

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Investment Banker Attacks Bailout as Sure Failure

Abolishing the Federal Reserve is the "Only Solution"

Highly successful investor, Jim Rogers, says the United States economy is going nowhere until the Federal Reserve is abolished. Mr. Rogers has made billions over the years betting on the direction of various national economies.

He has taken all his money out of the US.

Blagojevich a Victim?

Interesting timing

What Blagojevich was doing
right before he was indicted

Coincidence?

December 8 - Governor Rod Blagojevich announces the State of Illinois will cease doing business with Bank of America.

December 9 - Governor Rod Blagojevich, who has been reportedly under investigations by the federal government for three years is indicted based on a recent wire tap.

If he is as dirty as he is being portrayed, why did it take three years to find something on him?

Also...

When is the last time you saw a governor take a high profile stand for a small business and working people against a multinational bank?

The FBI sure shut that down quick. What convenient timing they have.

How Banks Scammed Borrowers Who Trusted Them

Criminal Conspiracy: Fraud

Banks across the United States convinced Borrowers to take money that the Banks knew the Borrowers could not afford to pay back, as part of a criminal conspiracy among many in the Financial Services industry. Banks started by offering adjustable rate mortgages. Very little down, very low payments and then, a few years out - when theoretically the property would be worth much more - the monthly payments would rise dramatically. The idea was that long before then the home buyer would have sold out at a nice profit, and bought their next home.

Then they sent bank-approved appraisers out to certify the market value of your home to justify the loan being made and to convince the Borrower that they owned equity in their home that far exceeded what the Banks knew to be true. They intentionally over-inflated the so-called value of your home so that they could extend credit to you that you could not afford. Lenders, realtors, mortgage brokers, appraisers, all made out like what they truly are -- BANDITS.

The same banks who put people being into real estate loans they could not handle didn't stop there. That was only the first step. Did you know the banks also had sales "hit teams" to tempt people into taking cash advances way beyond what they could afford? They encouraged these same borrowers to take out credit lines or credit cards with very high limits, often $10,000 - $15,000, knowing full well that if ever a payment was one day late, their great introductory low rate would automatically and permanently increase to 29.99%!

Don't just take my word for it, here is proof from those that did it for the banking industry. Two insiders spill the beans:

Why did they do this? Corporate home builders got paid lavish premiums for their inventory...real estate companies and loan brokers got rich from these sales...the Wall Street banks that packaged these scam loans and sold them throughout the world made hundreds of billions of dollars...and that nutcase in the White House got to fund his wars and make billions for his cronies at Halliburton and Blackwater.

A natural outgrowth of this scam was a rash of defaulted loans and foreclosures that the Banks certainly knew would be the ultimate result. So, many Borrowers lost their entire net worth, their credit and their homes. I know of a beautiful adobe 3 bedroom, 2 bath home on the golf course that is a short walk from my house that was valued last year at $525,000. It just went at auction for $198,000. So all the home values in the neighborhood just took a big hit and all the homeowners just lost money. Think the Banks care? Hell no. They get the homes back and start all over. It's called "capitalism". I call it FRAUD.

To those Borrowers who fell victim to their scam, they pursue them relentlessly for the balance owed on their credit, and make daily telephone collection calls in a concerted attempt to force Borrowers into Bankruptcy. They want your home, and they want you out of the picture, saddled with credit that makes you ineligible for further loans from them. They have an active network of companies who specialize in assisting banks in getting the Borrowers out. Then, a network of companies specialize in handling the foreclosure and resale of the properties, with the Banks starting out with a new group of unsuspecting Borrowers and the cycle continues.

So, what did the Socialist, George Bush do? Give the Banks billions of dollars in "bailout funds". So Banks have tightened credit requirements, and are investing the money rather than making loans. What better way to say, "Screw You" to the American public? Where are Bonnie and Clyde when we need them?

By the way, what happens to those scammed borrowers? It isn't pretty: CLICK HERE

IF YOU HAVE BEEN A VICTIM OF BANK FRAUD, CLICK HERE: FIGHT BACK

Banks Hoarding Bailout Dollars - Loans???

According to Treasury Secretary Henry Paulson, the chief proponent of the big bank bailout, flooding the banks with taxpayers’ money was supposed to get them to start lending freely again. And that, in turn, was supposed to stabilize the markets and prevent the downturn from being worse than it otherwise would be.

It was not entirely clear from the start exactly how Mr. Paulson would ensure that things would go that way. Indeed, earlier this month, shortly after the bailout was enacted, The Times’s Mark Landler reported that Treasury officials also wanted to steer the bailout billions to banks that would use the money to buy up other banks.

Now, lo and behold, with $250 billion in bailout funds committed to dozens of large and regional banks, it turns out that many of the recipients of this investment from taxpayers are not all that interested in making loans. And it appears that Mr. Paulson is not so bothered by their reluctance.

Mr. Paulson and the bailout recipients have some explaining to do. Congress should plan hearings as soon as possible — and take action to set a clear strategy.

In his column on Saturday, The Times’s Joe Nocera told about a conference call that he had listened in on recently between employees and executives of JPMorgan Chase. Asked how an infusion of $25 billion of bailout funds would change the bank’s lending policy, an executive said the money would be used to buy other banks.

“I think there are going to be some great opportunities for us to grow in this environment, and I think we have an opportunity to use that $25 billion in that way,” the executive said. He added that the money could also be used as a backstop in case “recession turns into depression or what happens in the future.”

There was not a word about lending — not to businesses or home buyers or car buyers or students or other consumers. Just the opposite. In response to another question, the executive said that the bank expected to continue to "tighten credit".

SOURCE: NY TIMES