Voodoobillyman
The Artist Formerly Known As...
Posts: 4247
Registered: 8-12-2005
Location: Eastern Seaboard of the United States
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Mood: my daughters beautiful curiousity
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help me to understand this?
Sen Harry Reid has declared today that the Detroit automakers have to deliver a detailed spending plan to account for all 25 billion they are asking
for. The dems are acting like it is some brilliant idea they have developed suddenly to appease the debate on the big 3 bailout. Now, here is the big
question........25 billion out of 700 billion is being requested by the automakers, that leaves 675 billion in your tax dollars being spent on various
greedy corporations who have finally come to the end result of years of unchecked greed and coruption. Isn't it part of the deal that ALL companies
receiving this taxdollar aid produce a detailed spending plan prior to being handed an out to their mistakes???????!!!!!!!!!!!! This whole fucking
thing is disgusting, I say let those who would fall, fall and let others come up in their wake. let natural capitolism take it's course and let the
dinosaurs go extinct the way it was intended when they get too fucking bloated with the fat from the backs of working families. I am so fucking
disgusted with this. DISGUSTED
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Voodoobillyman
The Artist Formerly Known As...
Posts: 4247
Registered: 8-12-2005
Location: Eastern Seaboard of the United States
Member Is Offline
Mood: my daughters beautiful curiousity
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Oh and the chastising from a few lawmakers on the use of private jets to get to the hearings is all these fucking representatives of ours can come up
with????? Come on!!!
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Voodoobillyman
The Artist Formerly Known As...
Posts: 4247
Registered: 8-12-2005
Location: Eastern Seaboard of the United States
Member Is Offline
Mood: my daughters beautiful curiousity
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I will move to the state, register to vote and vote for the first lawmaker who actually gets up off his fat ass, walks up to the table seating these
greedy fucks and bitch slaps at least one if not all of them live on C-SPAN.
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ShawnRefuse
Posting Freak
Posts: 1975
Registered: 1-20-2008
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yeah it's ridiculous. They changed the bankruptcy laws for individuals so they still have to pay off all of their debts, why not do the same for the
people who took the money in the first place.
Or, have the oil companies bail their brothers out. They just claimed their biggest jump in earnings during the gas hike (rape) of the past year.
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barc0debaby
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Posts: 2138
Registered: 3-18-2006
Location: My mom's basement
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Mood: Punk as Fuck
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Its been floating around that chinese companies are looking into buying out GM and Chrysler.
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newbreedbrian
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Posts: 2616
Registered: 9-2-2004
Location: Hell
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Mood: doc watson
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| Quote: | Originally posted by Voodoobillyman
Sen Harry Reid has declared today that the Detroit automakers have to deliver a detailed spending plan to account for all 25 billion they are asking
for. The dems are acting like it is some brilliant idea they have developed suddenly to appease the debate on the big 3 bailout. Now, here is the big
question........25 billion out of 700 billion is being requested by the automakers, that leaves 675 billion in your tax dollars being spent on various
greedy corporations who have finally come to the end result of years of unchecked greed and coruption. Isn't it part of the deal that ALL companies
receiving this taxdollar aid produce a detailed spending plan prior to being handed an out to their mistakes???????!!!!!!!!!!!! This whole fucking
thing is disgusting, I say let those who would fall, fall and let others come up in their wake. let natural capitolism take it's course and let the
dinosaurs go extinct the way it was intended when they get too fucking bloated with the fat from the backs of working families. I am so fucking
disgusted with this. DISGUSTED |
fully agree. disgusting isn't strong enough a word
The very existence of flamethrowers proves that sometime, somewhere, someone said to themselves, ?You know, I want to set those people over there on
fire, but I?m just not close enough to get the job done.? George Carlin
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JawnDiablo
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Registered: 4-21-2005
Location: 1902666
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I want 10 grand to bail myself out.
I promise to give exact details as to where it is going.
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BDx13
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juan, you rule.
If I fail math, there goes my chance at a good job and a happy life full of hard work.
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DaveMoral
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Posts: 4334
Registered: 1-24-2006
Location: Ardmore PA
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while they are bailing people out they can bail out my tax debt. Fuck, I didn't get my "stimulus" check because of that... way to stimulate the
economy assholes!
I'm really torn on the whole issue of the auto industry. My grandfather was a UAW man at GM, my great-uncle was too. One of my uncles recently was
bought out a couple years ago by Ford I think it was, so he's retired. I saw him get laid off numerous times over the years in that situation. If the
US automakers were to go under, and I mean literally go under... not have a situation where the CEOs can't have their 10 million dollar severages
packages and shit like that... it would devastate the US working class. From the direct employees to the folks working in industries that supply these
companies with the parts they need for their cars.
Of course, there seems to be a case... much as I hate to say it... to suggest that the UAW is killing the US auto companies. Honda, Toyota etc have
plants in the southern part of the US without the UAW and they aren't even remotely hurting like this.
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clevohardcore
* Kick\'n ass on the wild side *
Posts: 12937
Registered: 9-19-2004
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Mood: Sick Of It All, Youth Of Today
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It goes to those that the Republican committee sees fit and when it involves the auto industry they turn there backs. Then, the republicans claim
"FREE MARKET ENTERPRISE" and sink or swim mentality. Survival of the fittest corporations. Unless your talking of insurance industry, bank industry,
investment industry, or whatever they have stake in industry. It makes me sick. I say ONLY BAIL THE AMERICAN PEOPLE OUT OF ALL DEBT BAD DEBT FROM
PREDATOR LENDERS AND BANKS AND CREDIT CARDS. You want to see a economy fix itself immediately. Free the people of this mess and watch the US turn
around quick. We will buy. Jobs will stablize and this country will right itself. Freedom from mistakes and bad debt will give everyone a chance to
save themselves from economic destruction. It pisses me off NO ONE is taking this side. DOES ANYONE CARE? Or are we so fucking apathetic and lulled to
sleep with depression and a negative outlook?
1. Pay off all bad creditcard debt of American people. BANKS WILL BE REWARDED WITH THAT POSITIVE CURRENCY = no bankruptcies of the American people.
Making good lending possible and profits for banks and then they loan to business that need to grow and hire more people.
2. AUTHORIZING REFINANCING of low interest rates on all properties in foreclosure.
3. ONLY BAIL OUT THE AMERICAN PEOPLE AND NOT CORPORATIONS THAT MADE ALL THESE MISTAKES. Everyone wins including auto industry and in fact every
industry. Plus do not lend money easily is the future to people who realistically do not qualify.
4. Finally, pay off a 50% amount of student loans of all current and graduated US college students. this is one of the biggest rackets harming the
debt to income ratio for all US citizens.
I fucking do not understand why this is not brought up and it makes me sick to see and hear all the BS being slung on this discussion among law
makers. Its amazing and right in from of our faces or under our noses. Fucking disturbing.
Each aspect of the soul has it's own part to play, but the ideal is harmonious agreement with reason and control.
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Six66Mike
Posting Freak
Posts: 3090
Registered: 11-20-2003
Location: Queensland Australia
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Screw the car industry, let the big 3 die. I love the news clip this morning they showed, all the CEO's flew in on private jets so someone asked how
they got there & if they intend selling their jets in the face of this crisis, none of them said they would.
GM isn't showing new product at the LA car show, just this years models of big gas guzzling trucks, SUV's and large engine cars. This is why they are
going out of busines, pure and complete failure to shift production to more efficient cars when Europe & Japan were making them. That's why Toyota is
king shit right now, Nissan & Honda not far off.
They dug their own graves, eat shit.
A lot of people ask me what kind of music I like. I love "soul music". My "soul music" isn’t a style, genre or niche. It’s music that is genuine. It’s
a painful lyric, a dirty bassline, it’s a harrowing vocal, it’s feedback, it’s an anthem, it’s a love song, it’s anarchy. I’ve got my personal
favourites but in the end it doesn’t matter who or where it comes from... so long as it’s good and it's real.
- Paul Morris, music director at 97.7 HTZ-FM
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Murk
Posting Freak
Posts: 1243
Registered: 5-15-2005
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| Quote: | Originally posted by clevohardcore
I fucking do not understand why this is not brought up |
because money is debt.
if you're serious about learning about this, here are some references.
| Quote: | | Modern Money Mechanics is a booklet produced and distributed free by the Public Information Center of the Federal Reserve Bank of Chicago.
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http://en.wikisource.org/wiki/Modern_Money_Mechanics
this document laid the blueprint for "Fractional Reserve Banking"
| Quote: | | Fractional-reserve banking is the banking practice in which banks are required by governments to keep only a fraction of their deposits in reserve
(as cash and other highly liquid assets) with the choice of lending out the remainder, while maintaining the simultaneous obligation to redeem all
deposits immediately upon demand. This practice is universal in modern banking. |
http://en.wikipedia.org/wiki/Fractional-reserve_banking
call or visit your bank and ask them if they operate using Fractional Reserve Banking.
if they paid all debts off, we would all be debt free, but there would be no money.
here is a very simplified explanation:
http://www.youtube.com/watch?v=vm3DixfL9o0
please watch it and ask your bank about the details discussed.
| Quote: | For in our financial system money is debt and debt is money. Here is a chart of the US money supply from 1950 to 2006. Here is a chart of the US
national debt for the same period. How interesting it is that the trends are nearly identical… for the more money there is, the more debt there is…
the more debt there is, the more money there is.
To put it a different way, every single dollar in your wallet is owed to somebody by somebody; for remember, the only way the money can come into
existence is from loans. Therefore, if everyone in the country were able to pay off all debts, including the government, there would not be one dollar
in circulation. |
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clevohardcore
* Kick\'n ass on the wild side *
Posts: 12937
Registered: 9-19-2004
Member Is Offline
Mood: Sick Of It All, Youth Of Today
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I will be the first to admit I am not a economist. The closest I have is 4 semesters of this type of study. However, I am talking of consumer debt
being forgiven. Not business, foreign or good beneficial debt. Simply help the people and not business. Then we would have a sound beginning to work
from. A somewhat clean slate where everyone is given the chance to start over without the never ending cycle most see right now.
Also, I am not saying let careless people off. What I am saying is they track everything you buy when using a card. Those that bought moronic things
and continue to do so without care will not benefit from this idea. It is simply a chance for good people who were taken advantage of or were simply
unaware of the dangers and mistakes made with credit.
Each aspect of the soul has it's own part to play, but the ideal is harmonious agreement with reason and control.
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Murk
Posting Freak
Posts: 1243
Registered: 5-15-2005
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| Quote: | Originally posted by clevohardcore
However, I am talking of consumer debt being forgiven. Not business, foreign or good beneficial debt. Simply help the people and not business. Then we
would have a sound beginning to work from. A somewhat clean slate where everyone is given the chance to start over without the never ending cycle most
see right now. |
ok, but money is debt and debt is money.
| Quote: | | As of November 19, 2008, the total U.S. federal debt was $10.6 trillion, with about $37,316 per capita (that is, per U.S. resident). Of this amount,
debt held by the public was roughly $6.3 trillion |
http://en.wikipedia.org/wiki/United_States_public_debt
if consumer debt makes up 60% of all US debt and you pay it off, that will reduce the amount of currency in circulation by at least 60%.
if you think times are tight now, think about how great things would be after removing over half of all dollar bills in circulation.
if that happened, it won't be the bottom 40%, or even the bottom 60%, with the dollar bills.
every debt that is paid off reduces the amount of dollar bills in circulation.
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