3 October, 2008

Congress Bails Out Wall Street

Posted by Socrates in bankers, banking, Big Finance, Congress, Federal Reserve system, jewed culture, jewed finance, Socrates, stock markets, subprime loans, Wall Street at 6:27 pm | Permanent Link

Gentiles on Main Street will pay out big money for the slippery practices of the mostly-Jewish bankers on Wall Street. Could the “subprime loan” crisis – which caused the Wall Street crash – have happened without “fractional-reserve” banking? No. There wouldn’t have been enough money in the system. Too much money was available. Question: who sets U.S. banking policy, especially the “reserve-level” rate? [1]. Answer: the Federal Reserve [2]. It’s time for Congress to reform America’s money system by, for starters, mandating reserve banking instead of fractional-reserve banking:

[Article].

[1] “reserve-level” rate = the amount of physical money that each bank must hold

[2] the Federal Reserve’s actions also greatly influence the stock market


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  7. 14 Responses to “Congress Bails Out Wall Street”

    1. Antagonistes Says:

      I do not know what this means.

      Are they going to increase our taxes to pay for this? That could take several generations, perhaps?

      And do the groids and others get to keep the houses they cannot pay for?

      If the answers were clearer, if there was someone to put it in practical terms, White people would, I hope, go on a nationwide strike. . . or something. Some modern equivalent of the Boston Tea Party.

    2. Olde_Dutch Says:

      Blaming fractional reserve banking for this Wall Street “crisis” is like blaming Laplanders for our racial problems in the US. LOL.

      Antagonistes—You got it. I’ve got some ideas, and will comment later.

      http://financialservices.house.gov/essa/essabill.pdf

    3. Z.O.G. Says:

      Yes, fractional reserve banking is a huge part of the problem. We should have full reserve banking. But fractional reserve banking is not the only problem. There are three other more important problems:

      1.) our money is created by private corporations called “commercial banks”

      2.) our money is debt based – all money is lent into existence by commercial banks – every dollar comes into existence by the creation of a debt(a loan)

      3.) our money is interest(usury) based – all money in existence is a debt with interest(usury) attached to it – but the money that is needed to pay the interest on the debt(i.e. the money supply) is never created, so the total debt(money supply + interest) can NEVER be paid back; it is a mathematical impossibility

    4. Coup d'Etat Says:

      What this means is that the $700 billion that every taxpayer, alive or dead, has contributed to the Federal Reserve plus interest up to this point from the time FR has been around will be thrown away to help Negroes and other non-Whites, illegals and non-English speaking garbage, from losing and to encourage them to obtain more credit all over again, which will put us in a bigger hole over time. In other words, a depression.

      In addition, the crazy jews behind this so-called bailout have put in perks to throw away more money on frivolous things like putting more money into the production of Rum which is produced in the Virgin Islands that have nothing to do in bailing out banks and mortgage companies. Why the perks? The only answer why the House of Reps and the Senate favored the bill so much is that these individuals either have companies in those areas or they are investors or have some other indirect relationship.

      For these people to say they didn’t want to vote on this bill and hated what the Senate did, are nothing but flat out liars. For them to say they had to do something versus not do anything which would make it worse are delusional and insane.

      To not do anything, the credit available would have been tightened and the ones who do not know how to manage their companies but to rely on credit as most of their assets or as capital deserve to go under. The system would have eventually healed on its own. Even though it would take years, it would have healed. Those companies that rely heavily on financing their products would have to do two things. Either they go out of business or lower their prices to suit the consumer’s ability to afford it without using usury or credit.

      But thanks to the insane jews our economy will never heal. As long as they are in our country running the FR and charging us interest for every dollar they make, this country WILL be a third world country where every jew is rich and every White person is poor. We haven’t seen anything yet. We haven’t seen the worst. This will become the remake of the stock market crash in 1929 where the rich Whites loss a great deal while the jews made out like bandits. If you noticed over time, there are only a few rich White people today whereas there are many more rich jews. These jews have found ways to swindle money from the Whites since early 1900’s and have succeeded.

      Vladimir Putin kicked the jews, and still is, out of his country because of the same problem that had occurred where the jews sucked up all the money and left the Russians poor and in long bread lines, not to mention jews dominating the political system.

      There is a reason why we have the second Amendment in our Constitution. It is to kill any foreigner, domestic or afar, from undermining the very establishment which this country was based on. This country was not made for jews or non-Whites or for anyone else involved in the destruction of this country, through or by any means financially and/or politically.

    5. Olde Douche Sucks Says:

      I can fully understand why the globalists want to privatize our money and credit, but I don’t understand how any sane nationalist could support such a thing.

      Allowing private interests to own and operate our nation’s banking system is treasonous lunacy (fractional reserve or no fractional reserve).

      Many WNs have been seduced by the jewish trojan horse known as “libertarianism” and, unfortunately, it appears to be affecting their thinking on this subject.

    6. OldDude Says:

      Antagonista said: Are they going to increase our taxes to pay for this? That could take several generations, perhaps?

      Yes, it will increase your taxes. How? Because the inflation caused by both the “bailout” and the insane increase in money by the fed even before the bill was passed will result in price inflation. That means your wages will also increase (but not enough) with prices. And that means you’ll be kicked into a higher tax bracket. And that means you’ll pay a higher percent of your income in taxes. And guess who gets that.

      Yes … you will pay more.

    7. Zarathustra Says:

      700 billion$$$ is just for starters. The taxpayer funded bailout of those arrogant, greedy, reckless, scheming Wall Street Jews will easily go up to 1 trillion$$$ or higher. You can almost hear those printing presses at the Bureau of Engraving working at top speed to print out all those new worthless dollar bills that will be needed. More worthless bucks in circulation means you’ll have to work even harder and longer just to make enough dough to keep from starving to death.

      Of course, no one is going to admit any wrongoing, nor will anyone go to prison for this outrage. And there won’t be any real reform of the system that created this mess, so it will happen all over again in another 5-10 years. So much for “conservative” President Bush and the “conservative” Republican Party. Assholes.

    8. Blightblingdouche Says:

      Risk is socialized. Will there be a tax increase? Yes, through one means or another. A small price to pay for pensioners who feared losing their pensions first and foremost. Right, Old Fudge?

    9. Olde_Dutch Says:

      BBDouche—the jews have done a pretty good job selling to the politicians the idea that it is the government’s responsibility to underwrite the stockmarket. This is one of the hazards of the stockmarket based 401(k) type retirement plans; the government is put in the position of underwriting the plans if the stockmarket goes sour.

      Btw, Boehner and Pelosi are both Roman Catholics, and deserve as much credit for this mess as the jews like Frank & Schumer. LOL. Of course the Roman Catholics will panic in the other direction when things get tough—which they will.

    10. Z.O.G. Says:

      Pelosi is a Marrano(Converso) Jew.

    11. Zarathustra Says:

      Psst……Jesus was a Jew, too!

    12. Igor Alexander Says:

      I thought we had already crossed over from “fractional reserve” to “no reserve” banking. If we’re still on a fractional reserve system, I don’t imagine banks are obligated to keep more than a fraction of a percent of what they lend out (meaning they can lend out several dollars for every penny they have in reserve).

    13. Lutjens Says:

      “Pelosi is a Marrano(Converso) Jew.”

      Her Jew-loving whore daughter is married to a kikenstein. The cunt also travels to Israel 50 times a year.

    14. Lutjens Says:

      “700 billion$$$ is just for starters.”

      Pelosi, the Jew-sucking mother fucking cunt has already asked for an additional $150 billion of ‘bailout’ before the next session of Congress begins. Merry Kike-mas.

      My New Years’ resolution is to become COMPLETELY intolerant of kikes and their tools. Leave the Kosher shit on the store shelves to start and remind the dumb fucking soccer mom next to you in the aisle to do the same.