FEDERAL GOVERNMENT TAKES ORDERS ON AIG AND OTHER GIANTS FROM PLUTOCRATIC PRIVATE FEDERAL RESERVE
So, Bear Stearns was bailed out, sort of, by JPMorgan Chase & Co. Fannie Mae and Freddie Mac are being kept alive on life support. Lehman was allowed to die. That's the largest corporate failure in U.S. history. Barclays is buying parts of Lehman. Now though, the Federal Reserve (a private, closely held something or other) is taking over AIG. That's American International Group Inc.
AIG is the largest insurance company in the world. It's so big, most people have never heard of it. The Fed is taking over 79.9% to keep it afloat. The thing is, the news media keeps talking about this as if the federal government is doing this.
Fed rescues AIG, Barclays buys Lehman U.S. unit
By Tony Munroe
Wed Sep 17, 2008 3:08am EDT
The Fed isn't the federal government, even though the federal government does what it's told to do by the Fed.
The Federal Reserve is a private business owned and operated (but mostly owned) by the plutocrats who set up the crash so they could do what they are doing that is gobble up more market share while duping the people into paying for it out of their taxes paid on salaries and often small wages paid them in turn by the same plutocrats who in the end employ them (own them) as wage slaves. Think about it. It's true. It is God's truth.
"We're essentially continuing a system where profits are privatized and ... losses socialized," said Nouriel Roubini. Of course, this is how it's been. It's a racket. There is no good reason for it. It only exists this way because of the egos of those who have little to no working conscience. For most, it's just a dog-eat-dog (hence the Bible calls people dogs, meaning selfish — dogs fight easily over food rather than sharing) world, a scientific, materialistic world.
Soak the Rich
So, why not soak the rich? If the rich can soak the poor, which they do constantly, why can't the poor raise the taxes on the rich until the National Debt is paid off 100%? You know, when I was born, the U.S. was the largest creditor nation in the world. Now it's the largest debtor nation. The only thing that has changed is that taxes on the rich went down &mdash way, way down.
We Don't Need Taxes
Truth be told, I'm against taxes. Taxes don't even need to exist at all. We don't need money either. We just need heart. It's called love. God is love.
Medium of Exchange
The scientists think that things just came into being without any spiritual intelligence manifesting. Well, the whole of Creation came into being without anyone using any medium of exchange. It all came forth out of a moneyless system.
Money is artificial. It's a contrivance. It's totally unnecessary. It only exists because certain people are greedy and selfish. Remove the selfishness from the hearts of everyone, and we'd move into Heaven.
Out From Under
The naysayers though pooh-pooh that idea. They do that because they don't want those who serve them to come out from under. It's really stupid though. The selfish ones would be endlessly better off with the poor and downtrodden out from under. Those selfish ones are just too stupid to grasp that though. It's amazing.