Divining the News (DTN)

Not Mainstream News

Archive for September 26th, 2008

A jew who dissents is self hating – imagine that!

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Fear bequeaths us. Now it seems more real than ever. The media is full of it. And being a doom merchant isn’t difficult either.

But if one challenges the power brokers, from the top to all the way down the ladder. Then expect personalised doses of fear.

Family and friends are the first port of call. But extending this to 24 hour hostility, misunderstandings, entrapments etc. is a relatively easy task.

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Written by morris

September 26, 2008 at 7:18 pm

Bailout or Revolution

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Who could believe the Bailout is the final assistance. It is anything but. It is a harbinger for the future.

And there is some strange political twist to this otherwise economic issue. It seems to give the Govt. Treasury total control over everyones money. And thereby making those in power appear to be even more gangster like.

It is another nail in the coffin for when there is a call to justice. A call to justice can only be made by hoards of people on the streets.

There is so little enquiry as to how we have ended up here. Yet the wars seem the most likely culprit.

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Written by morris

September 26, 2008 at 3:19 am

Ron Paul: The Creation of the Second Great Depression

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The Creation of the Second Great Depression

by Ron Paul

Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.

The events of the past week are no exception.

The bailout package that is about to be rammed down Congress’ throat is not just economically foolish. It is downright sinister. It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect. It promises the American people a never-ending nightmare of ever-greater debt liabilities they will have to shoulder. Two weeks ago, financial analyst Jim Rogers said the bailout of Fannie Mae and Freddie Mac made America more communist than China! “This is welfare for the rich,” he said. “This is socialism for the rich. It’s bailing out the financiers, the banks, the Wall Streeters.”

That describes the current bailout package to a T. And we’re being told it’s unavoidable.

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Written by morris

September 26, 2008 at 12:34 am

Letters on the Wall Street bailout to the World Socialist Web Site

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Letters on the Wall Street bailout
25 September 2008

The following is a selection of recent letters sent to the World Socialist Web Site on the US financial crisis and the Wall Street bailout.

Good luck with all your good works and words. Last night I was teaching/exploring Thomas More’s Utopia in class, and even before I got going one student asked about the $700 billion bailout, its implications. It’s amazing how relevant More’s piece is abolish private property, conspiracy of the rich, etc.how it dovetails with current events.

The historical moment is at hand, and the SEP, I believe, has a chance to seize it. It is so well positioned because of all your good work.

RM

24 September 2008

* * *

I’m a 77-year-old woman living in Arkansas at the moment and a couple of weeks ago I forecast the meltdown of the financial institutions. I was thinking it would happen any day. Then along comes Paulson and announces to Congress that a meltdown was imminent and reportedly the legislators all sat there in stunned silence. Surprise,surprise!! They had no idea things were so bad. Why didn’t they realize what was happening? I’m no oracle;yet I knew. All you had to do is put two and two together.

I now have a feeling that Social Security is bankrupt and there’s not a buck in it to back up my monthly check. Also, there’s not a buck in FDIC either, and all these soothing words telling citizens that their money is insured for $100,000 are a big fat lie.

I have a feeling the super-rich are going to flee the country with assets provided by the trillion-dollar bailout. The sense of urgency constantly invoked by Bush, Paulson and Bernanke, and their gray, panicky faces, indicate the situation is irreversible and capitalism is on the verge of collapse. But what do I know?

I think I’ll buy a tent (they happen to be on sale now) and a sleeping bag. I lived through the first Great Depression, and I think I’m about to witness something even worse.

SC

Searcy, Arkansas

22 September 2008

* * *

The WSWS has met the capitalist planto make Henry Paulson the world’s undisputed financial czar with an accurate prediction of what the world and the USA face if Paulson is given the power he seeks. Your coverage on September 23 is a tour de force of exposition and advocacy. WSWS has given the world warning of what is to come when Czar Henry Paulson is seated as the world’s economic czar. Ultimate power goes to those who control the money. Czar Paulson will be a cruel autocrat. No one will dare oppose Czar Paulson. Paulson will surpass Stalin in cruelty.

LL

23 September 2008

* * *

I am sick! What can we do? The French Revolution sounds like a solution.

JP

23 September 2008

On Paulson warns: No limits on CEO pay

Don’t bail them out, buy them out. What will it cost to buy a business that is in a negative equity position?We the taxpayers are going to be stuck with the bad debts anyway. Might just as well have total control;then the CEOs work for us directly.

DM

23 September 2008

* * *

When Paulson says the banks won’t participate if executives pay is limited, then let them go down, I say. Fox News just said the FBI is investigating Lehmans, AIG, Fannie and Freddie. Do you think the investigation will be dragged out till at least the election is over? I expect as much.

AC

Calgary, Canada

23 September 2008

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Written by morris

September 26, 2008 at 12:08 am

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