quote:

US Treasury Secretary Timothy Geithner has unveiled a comprehensive $1.5 trillion (£1.02 trillion) bank bail-out plan to beat the financial crisis.

Under the plan, the size of a key Federal Reserve lending program will be expanded to $1 trillion from $200bn.

In addition, a public-private investment fund of $500bn will be created to absorb banks' toxic assets.

"Right now critical parts of our financial system are damaged," Mr Geithner said.

"Instead of catalyzing recovery, the financial system is working against recovery, and that's the dangerous dynamic we need to change," he added.

Leading US stock indexes fell after Mr Geithner started his speech on the new plan.

Transparency and accountability

Mr Geithner said the new plan should unfreeze the credit market, strengthen banks and "provide critical aid for homeowners and for small businesses".

"And as we do each of these things, we will impose new higher standards for transparency and accountability," he added.

He said that the public-private investment fund to buy up risky assets will be seeded with government money and could be expanded to $1 trillion.

The expanded Federal Reserve lending program will support lending to small businesses and consumers, including credit card lending and student loans, and also cover the troubled commercial real estate market.

The government also will give banks access to additional capital from the Treasury's original $700bn bail-out fund "as a bridge to private capital".

But that will come with strict terms, including full disclosure and limits on executive pay.

"This assistance will come with terms that should encourage the institutions to replace public assistance with private capital as soon as that is possible," said Mr Geithner.

Crisis 'not over'


We don't know yet if we'll need additional money, or how much
President Obama
Q&A : Bank bail-out plan

President Obama said on Monday that Mr Geithner's plan would be a template for "restoring market confidence".

"The credit crisis is real, and it's not over," added the president.

President Obama has so far said it is too early to say whether the $700bn bank bail-out scheme, officially called the Troubled Asset Relief Program (Tarp), will need more funds.

"We don't know yet if we'll need additional money, or how much additional money we'll need," he said.

Tarp was passed by President Bush in October, whose administration spent the first $350bn.

quote:

Meanwhile, President Obama's wider economic stimulus plan is facing a crucial vote in the Senate. This is expected to cost an additional $800bn.

quote: (post)

Originally posted by Deano
taken from the davi dicke forum





By now, even for those 'unawake', it should be obvious that there are only 2 possible scenarios regarding this crisis.

1) The private bankers are deliberately crashing the $$, and all us nutjobs were right, or

http://www.davidicke.com/forum/show...3339&page=2
2) Washington is filled with the dumbest, most idiotic harvard and yale grads to have ever existed... & that doesn't even make sense.

It should be obvious that there is a conspiracy, yet again.

alls we can do now is sit back & wait for the final solution.

quote: (post)

Originally posted by Deano
i wish you were right jaden

quote: (post)

Originally posted by jaden101
Who the banks are owned by is irrelevant...they're not the people actually doing the deals which caused the problems. If you actually bothered to do a little bit of actual research you'd know why these economic problems exist. But instead you'd rather take the easy option and pander to some sad conspiracy notion because it takes less effort than to learn a little about the economic procedures behind the problems. Ironically most conspiracy theorists spout the term "know thy enemy" and harp on about how knowledge is the main tool against the alleged conspirators...then they don't actually bother learning any of the facts...

best examples being that they say scientific evidence exists that the twin towers were demolished...they don't base this on their own knowledge of science though...they base on on someone telling them...same applies to the economic crisis...they don't base it on learning about the mechanisms behind the problems...they just base it on someone telling them it's the evil elite at work...who themselves didn't bother to learn about the economic mechanisms...and round and round you all go on the big carousel of ignorance.

quote: (post)

Originally posted by Katsu
Who the banks are owned by is ****ING relevant. The private FED is printing funny money and hands this funny money out to commercial banks who use to create a whole lot of more funny money. Since banks use the fractional reserve scheme, it means for every dollar they receive from the FED they get to create 9 new ones. So 1 million dollar handed out by the privately owned FED means another 10 million dollar in total being created of new funny money.

Your ignorance is evident from your very very ignorant post. If the PRIVATELY OWNED FED was to be abolished we wouldnt have these problems we are facing today. If the USA governement were to issue its own money instead of letting some PRIVATELY OWNED CORPORATION do it, we wouldnt be in this mess.

You see there exists NO MONEY in our system today, ALL of it is DEBT owned to PRIVATE BANKERS. Every single penny mate!

This PRIVATELY OWNED FEDERAL RESERVE (which is neither federal nor has any reserves) is the ONE to blame and if this PRIVATELY OWNED CORPORATION stays in power the USA will go bankrupt.

quote:

1775. The American revolutionary war began as the American colonies sought to the detach from England and its oppressive monarchy. Though many reasons are sided for the revolution, one in particular sticks out as the prime cause that King George III of England outlawed the interest-free independent currency the colonies were producing and using for themselves. In turn forcing them to borrow money from the Central Bank of England, at interest, he immediately put the colonies in the debt. And as Benjamin Franklin later wrote:

“The refusal of King George to allow the colonies to operate an honest money system, which freed the ordinary man from clutches of the money manipulators was probably the prime cause of the revolution”
-Benjamin Franklin, Founding Father

In 1783 America won its independence from England. However, its battle against the Central Bank concept and the corrupt, greed filled men associated with it had just begun.

So what is a central bank? A central bank is an institution that produces the currency of an entire nation. Based on historical precedent, two specific powers are inherent in central banking practice: the control of interest rates and the control of the money supply, or inflation. The central bank does not simply supply a government's economy with money, it loans it to them at interest. Then through the use of increasing and decreasing of supply of money the central bank regulates the value of the currency being issued. It is critical to understand that the entire structure of this system can only produce one thing in the long run: DEBT.

It doesn't take a lot of ingenuity to figure their scam now. For, every single dollar produced by the central bank is loaned at interest. That means every single dollar produced is actually the dollar plus a certain percent of debt based on that dollar. And since the central bank has the monopoly of the production of the currency for the entire country and they loan each dollar out with an immediate debt attached to it, where does the money that pay for the debt come from? It can only come from the central bank again. Which means the central bank has to perpetually increase its money supply to temporarily cover the outstanding debt created which in turn, since that new money is loaned out at interest as well creates even more debt? The end result of this system without fail is slavery for it is impossible for the government, and thus the public, to ever come out of the self-generating debt. The founding fathers of this country were well aware of this.

“I believe that banking institution are more dangerous than standing armies… If the American people ever allow private banks to control the issue of currency… the banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered”
-Thomas Jefferson (1743-1826)

“If you want to remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nation’s credit”
-Sir Josiah Stamp (1880-1941)

By the early 20th century the US have already implemented and removed a few central banking systems, which were swindled into place by the ruthless banking interests. At this time, the dominate families in the banking and business world were: J.D. Rockefeller, J.P. Morgan, Paul Warburg, Baron Rothschild. And in they early 1900's they sought to push once again legislation to create another central bank. However, they knew the Government and public were very wary of such an institution. So they needed to create an incident to affect the public opinion. So J.P.Morgan, publicly considered a financial luminary at the time, exploited his mass influence by publishing rumours about a prominent bank in New York wasn't solvent or bankrupt. Morgan new this would cause mass hysteria which would affect other banks as well. And it did. The public in fear of losing their deposits immediately began mass withdrawals. Consequently, the banks were forced to call in their loans causing their recipients to sell their property and thus the spiral of bankruptcies, repossessions and turmoil emerged. Putting the pieces together a few years later, Fredrik Allen of Life Magazine wrote:

“The Morgan interests took advantage… to participate the panic [of 1907] guiding it shrewdly as it progressed” –Frederik Allen, Life Magazine

Unaware of the fraud, the panic of 1907 led to the Congressional investigation headed by Senator Nelson Aldrich, who had intimate ties to the banking cartels and later became part of the Rockefeller family through marriage. The commission led by Aldrich recommended a central bank should be implemented so a panic like 1907 could never happen again. This was the spark that international bankers needed to initiate their plan.

In 1910 a secret meeting was held at the J.P.Morgan's estate on Jekyll Island off the coast of Georgia. It was there that the central banking bill called the Federal Reserve Act was written. This legislation was written by bankers, not law makers. This meeting was so secretive, so concealed from Government and public knowledge that a 10 or so figures who intended disguised their names when on route to the island. After this bill was constructed, it was then handed over to their political front man, Senator Nelson Aldrich, to push through Congress. And in 1913, with heavy political sponsorship by the bankers, Woodrow Wilson became president, having already agreed to sign the Federal Reserve Act in exchange for campaign support. And two days before Christmas, when most of Congress was at home with their families, the Federal Reserve Act was voted in and Wilson in turn made it law. Years later Woodrow Wilson wrote, in regret:

“[Our] Great Industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men.. who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.”

“We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world –no government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”
-Woodrow Wilson

Congressman Louis McFadden also expressed the truth after the passage of the bill:

“A world banking system was being set up here… a superstate controlled by international bankers.. acting together to enslave the world for their own pleasure. The FED has usurped the government.”

Now, the public was told that the Federal Reserve System was economic stabilizer and inflation and economic crises were thing of the past. Well, as history has shown, nothing was further from the truth. The fact is, the international bankers now had a streamline machine to expand their personal ambitions.

For example, from 1914 to 1919 the Fed increased the money supply by nearly 100% resulting in extensive loans to small banks and the public. Then, in 1920 the Fed called in mass percentages of the outstanding money supply. Thus resulting in the supporting banks having to call in huge numbers of loans and just like 1907, bank runs, bankruptcy and collapse occurred. Over 5.400 competitive banks outside of the Federal Reserve System collapsed further consolidating the monopoly of the small group of international bankers. Privy to this crime, Congressman Lindbergh stepped up and said in 1921:

“Under the Federal Reserve Act, panics are scientifically created. The present panic is the first scientifically created one, worked out as we figure a mathematical equation.” –Charles Lindbergh

However, the panic of 1920 was just a warm-up. From 1921 to 1929 the Fed again increased the money supply resulting once again in extensive loans to the public and banks. There was also a fairly new type of loan called the margin loan in the stock market. Very simply, the margin loan allowed an investor to put down only 10% of the stock's price with the other 90% being loaned from the broker. In other words, a person could own a $1000 worth of stock, with only a $100 down. This method was very popular in the roaring 1920's as everyone seemed to be making money in the market. However, there was a catch to this loan. It could be called in at any time and had to be paid within 24 hours. This is termed "a margin call", and a typical result of a margin call was the selling of the stock purchased with the loan.

So, a few months before October in 1929, J.D.Rockefeller, Bernard Baruch and other insiders quietly exited the market. And on October 24th, 1929 the New York financiers who furnished the margin loans started calling them in, in mass. This sparked an instantaneous massive sell off in the market for everyone who had to cover the margin loans. It then triggered a mass bank runs for the same reason, in turn collapsing over 16.000 banks enabling the conspiring international bankers to not only buy up rival banks at the discount but to also buy up whole corporations at pennies on the dollar. It was the greatest robbery in American history.

quote:

But that didn't stop there. Rather then expanding the money supply which were recovered from this economic collapse the Fed actually contracted it, fuelling one of the largest depressions in history. Once again outraged, Congressman Louis McFadden, a long time opponent of the banking cartels began bringing impeachment proceedings against the Federal Reserve Board. Saying of the crash and depression:

“It was a carefully contrived occurrence, international bankers sought to bring about a condition of despair, so that they might emerge the rulers of us all.” -Louis McFadden

Not surprisingly, and after two previous assassination attempts, McFadden was poisoned at a banquet before he could push for the impeachment.

Now, having reduced the society of the squaller the Federal Reserve bankers decided that the gold standard should be removed. In order to do this, they needed to acquire the remaining gold in the system. So, under the pretense of "helping to end the depression", came the 1933 gold seizure. Under the threat of imprisonment for 10 years everyone in America was required to turn in all gold bullion to the Treasury, essentially robbing the public of what little wealth they had left. And at the end of 1933 the gold standard was abolished. If you look at a dollar bill from before 1933 it says it is redeemable in gold. You look at the dollar bill today, it says it is legal tender which means it is backed by absolutely nothing. It is worthless paper. The only thing that gives our money value is how much of it is in circulation. Therefore, the power to regulate the money supply is also the power to regulate its value which is also the power to bring entire economies and societies to its knees.

“Give me control of a nation’s money supply, and I care not who makes its laws”

-Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty

quote: (post)

Originally posted by Deano
a couple of presidents tryed to stop this central bank. one was lincoln and the other was kennedy. and we all know what happened to them.

the fact is these bankers are the 'illuminati' and they have set up a system of slavery. and they have more plans for us

theres a few more quotes you can ponder on..

'there are two ways to control and enslave a nation..one is by the sword and the other is by debt'

“I believe that banking institution are more dangerous than standing armies… If the American people ever allow private banks to control the issue of currency… the banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered”
-Thomas Jefferson (1743-1826)

“If you want to remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nation’s credit”
-Sir Josiah Stamp (1880-1941)

There is something behind the throne greater than the king himself”
-Sir William Pitt, House of Lords, 1770-

“The World is governed by very different personages from what is imagined by those who are not behind the scenes”
-Benjamin Disraeli, English Statesman, 1844-

“The real truth of the matter is that a financial element in the large centers has owned the government since the days of Andrew Jackson”
-Franklin D. Roosevelt, US President, 1933-

“We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world –no government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”
-Woodrow Wilson

Congressman Louis McFadden also expressed the truth after the passage of the bill:

“A world banking system was being set up here… a superstate controlled by international bankers.. acting together to enslave the world for their own pleasure. The FED has usurped the government.”

Give me control of a nation’s money supply, and I care not who makes its laws”

-Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty
......

conspiracy YES. theory? my arse!