Tuesday, January 22, 2013

Americas Economic Nightmare ~ A Tale of Two Bankruptcies

A Tale of Two Bankruptcies : Double standards. You hear a lot about them in the US these days, particularly from families facing economic disaster while they watch big banks get trillions of public dollars to shore up their bottom lines. To get a better understanding of what pundits call "populist rage," we compare the fates of two American institutions: one family, one bank. Frank and Jeanne Bachard of Bridgeport, Connecticut were both city employees until health problems forced them into unemployment. They turned to their credit cards to pay for household necessities, amassing deep debt. And now they are discovering that - thanks to changes in the bankruptcy laws - they are actually too poor to go bankrupt. Two years ago Citigroup was the biggest company in the world. Thanks to heavy bets in the risky derivatives market, it has plummeted from those heights, sinking under hundreds of billions in toxic debt. Some economists argue that it is actually bankrupt - a zombie bank that is being kept alive at taxpayer expense (more than $450bn and counting). One family, one bank. Obviously not comparable in most respects. But both are facing towering debts, both need help to get through this crisis. How did they both end up here? And what will happen to them next? Therein lies the tale ...

1 comment:

  1. an acceleration of the economical symbol in this case money! which it has ended his utility. a world without money in some sort.

    ReplyDelete

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“Control oil and you control nations; control food and you control the people.” Henry Kissinger


once a standing army is established, in any country, the people lose their liberty.”
George Mason

“Military men are dumb, stupid animals to be used as pawns for foreign policy.”
Henry Kissinger

“If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”
Henry Kissinger

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PHILIP ZIMMERMAN, DER SPIEGEL

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Rabbi Stephen Weiss

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Jewish Voice, July - August 1941

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UNKNOWN

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The Tax you pay is The Bill for Staying Stupid

Stefan Molyneux


“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus

The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924


Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money
UNKNOWN

Taxation is legalized Theft
UNKNOWN

"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker

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Bob Dylan


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Steve Quayle


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litical Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
Gilad Atzmon

The modern definition of racist is someone who is winning an argument with a liberal
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GERALD CELENTE

Your Greatest Teacher is Your Last Mistake
DAVID ICKE

The one who Controls the Education System , Controls Perception
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Albert Einstein

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UNKNOWN

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Ronald Reagan


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Serial Killer Richard Ramirez

There is a Class War going on in America, & unfortunately, my class is winning." Warren Buffet

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Thomas Jefferson

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Albert Einstein

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Robert Kiyosaki

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Robert Kiyosaki

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Robert Kiyosaki


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Thomas Jefferson

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Johann Wolfgang von Goethe

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UNKNOWN

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Robert Kiyosaki ‏

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"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN