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POPSRESCUE GATE: A TWENTY-FOUR TRILLION DOLLAR BAILOUT
What is the Treasury Department hiding? The government’s top watchdog over the $700 billion “rescue package” says that the Treasury Department refuses to let the taxpayers know how that money has been spent. Why? Neil Barofsky is the special inspector general over the Troubled Asset Relief Program (TARP). According to The Hill, “Barofsky said that while the TARP program that Congress passed amounts to $700 billion, the total federal government support since 2007 for the economy and the financial sector could reach a far higher figure of $23.7 trillion. The government has committed significantly more money through a variety of other federal agencies and programs.” Don’t let that quote go over your heads folks. He said the bailout “could reach a far higher figure of $23.7 trillion.” What!!!!!!!!!!!! Who authorized this? The taxpayers didn’t. Congress didn’t. Who then? $23.7 trillion is twice America’s total gross domestic product and way above the $700 billion authorized.
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POPSCanadian Prime Minister Endorses One World Governance Canadian Prime Minister Stephen Harper spoke to media at the conclusion of the G8 meetings in L'Aquila, Italy. He said, "It is critical that (banker bailouts) intervention reaches it's conclusion...." That conclusion according to him is "some substance of global governance." These masters of the universe will use any crisis possible to advance their global one world government agendas. He continued to use the term "unregulated capitalism" that caused the financial problems throughout the world as the reason for massive government bailouts of banks. What he fails to point out is that banks ignored existing regulations and loaned money to those that could not afford to borrow. Right now the only person that has been prosecuted for fraud is the man that confessed Bernie Madoff. Where are the other prosecutions? Bad business practices by bankers is not the citizens fault. That is the fault of greedy bankers and Wall Street manics that don't want to eat their bad business decisions.
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POPSNew World Currency Russian President Dmitry Medvedev took pulled a coin out of his pocket and presented it to the heads of the G-8 nations in Italy. With massive deficits and Congress proposing another "stimulus" world central bankers are getting nervous. They are losing confidence in the dollars future and are pushing for another currency. What does this mean to you? It means you should tell Congress no more printing of money by the Federal Reserve, no to big and bigger government, no to socialist spending, no to deficit spending. Yes to a balanced budget, yes to prosecution of fraud by those at AIG, Fanny and Freddie, Goldman Sacs, SEC, etc. etc. Instead of bailing out defunct companies and failed banks we need to bail out the economy. The economy is found in the production capabilities of the people. No producing people means no revenue.
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