Comments on: Paulson Warns Of More Tough Times

Treasury Chief Says Number Of Troubled Banks Will Increase As They Struggle To Cope With Losses

[wardoglrs]

"Only a virtuous people are capable of freedom. As nations become corrupt, they have more need of masters." Benjamin Franklin.

"Neither the wisest constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams.


%u201CUnfortunately, nothing will preserve [liberty] but downright force. Whenever you give up that force, you are inevitably ruined.%u201D Patrick Henry

%u201CCourage is reckoned the greatest of all virtues; because, unless a man has that virtue, he has no security for preserving any other.%u201D Samaul Johnson


%u201COne of the penalties for refusing to participate in politics is that you end up being governed by your inferiors.%u201D Plato

I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them. Thomas Jefferson

[wardoglrs]

"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in Government." -- Thomas Jefferson

"If tyranny and oppression come to this land it will be in the guise of fighting a foreign enemy." Thomas Jefferson

"Anyone who would sacrifice freedom for security deserve neither". Ben Franklin (paraphrased)

"I would rather die with the constitution clinched in my fist, then live with shackles on my feet" Greywolf

"Arms are the only true badges of liberty. The possession of arms is the distinction of a free man from a slave."

"The unarmed man is not just defenseless, he is also contemptible." Machiavelli


"Pick up a rifle and you change instantly from a subject to a citizen." Jeff Cooper,
The Art of The Rifle

[wardoglrs]

%u201CCompetition [i.e. capitalism] is a sin.%u201D
%u201CI want to own nothing and control everything.%u201D
%u201CThe ability to deal with people is as purchasable a commodity as sugar or coffee and I will pay more for that ability than for any other under the sun.%u201D
John D. Rockefeller (Fascist cartel robber baron and promoter of the U.S. %u201CFederal Reserve%u201D Act in alliance with the Rothschild bloc. 1839-1937)

%u201CI don%u2019t care who the government is. Let me control the money and I will control the country.%u201D
Mayer Amschel Rothschild (attributed to the German godfather of the Rothschild bank cartel and grandfather to heir Lord Baron Nathaniel Mayer de Rothschild: owner of the Bank of England and a key promoter of the U.S. %u201CFederal Reserve%u201D Act. 1744-1812)

"Every citizen should be a soldier. This was the case with the Greeks and Romans, and must be that of every free state."
Thomas Jefferson

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants."
Thomas Jefferson

[wardoglrs]

Listen to a True neo Con. These are the people that your founders warned you about. He lying in this vid
You pay these cons with your taxes you so willing give up.
The founders would be ashamed of what were putting up with

President FDR (on Fascist rule in a letter to corporate con man %u201CColonel%u201D Edward M. House, a founder of the Council on Foreign Relations and political fixer for the ruling class. House also handled President Wilson for the foisting of the privately rigged %u201CFederal Reserve%u201D Corp bank monopoly. 11/21/ 1933)

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson, Letter to Treasury Secretary Albert Gallatin

During times of universal deceit, telling the truth becomes a revolutionary act."
George Orwell


"Paper is poverty,... it is only the ghost of money, and not money itself." Thomas Jefferson to Edward Carrington, 1788

%u201CThe end of democracy and the defeat of the American Revolution will occur when government falls into the hands of [private cartel] lending institutions and moneyed incorporations.%u201D

[whitemale08]

Basicly for the last 8 years we had the patriotism pastors like Sean Hannity and Rush Limbaugh tell us everyday on the radio that "We live in the greatest country on earth" when in reality we are so far behind Europe in public transportation, renewable energy sources and we are totally broke and bankrupt.

All of that time we pat ourselves on the back while the rest of the world was just laughing at us.

Now it''s our turn to get out of the malls and suvs and start manufacturing tv, toasters, and everything else for export because we owe the world.

I''m sorry folks I''m leaving this country, I''m not paying for the debt thrown upon us because Sean Hannity wants to make 100''s of millions of Federal Reserve Notes.

[hypnotoad72]

DaysRnumbrd - it''s "serfs". Not "surfs".

If the end is near, then it''s near. I''m sick of lefties (or certain righties) whining and crying.

Especially when I''m trying to exercise and put my life in order, I don''t need to read or hear whiners'' personal wet dreams about the future.

[daysrnumbrd]

Plant vegetables, share rides, help neighbors, just dont give up and get hysterical. -- That is the cowards way, running around, screaming, and not doing anything to help.

Posted by marizara at 08:05 PM : Jul 20, 2008
.............

Those are good ideas. Your earlier post sent shivers up my spine. But your most recent post clearly states your understanding of our situation.

One problem however, we ALL need to be "waving our arms" saying the "end is near".... because under our current government, our current regime, our current direction of this country... the end IS near.

But too many people are too fat, dumb, and happy with their 24-hour super retailer down the street and their high speed/high-def entertainment all day long.

When we have the powerful elites on daytime television caving in to reality, yet still trying to sugar-coat it, that sends a huge message (to those listening), especially if those already know the reality on the ground... beyond their own selves.

We need to completely change our government in its current form, or we will be planting our own vegetables... like surfs... for the rest of our lives!

Is that the new "American dream" for the 95% of this country?! If that is the case, then "the end" is not near... it has already occurred.

[Marie Zarankevich]

Waving your arms, and telling people ''The End Is Near'' qualifies you as a nut job. -- We all know that we have been had. -- You seem to think nobody is aware of what is going on except you. -- Do everyone a favor, and think of some actual things we can each do right now to help ourselves instead of shouting that the ship is going under. -- All the rich folks are already packing their lifeboats and heading out to their private islands. -- There are actually many things we CAN do, right now, to help ourselves. -- Plant vegetables, share rides, help neighbors, just dont give up and get hysterical. -- That is the cowards way, running around, screaming, and not doing anything to help.

[daysrnumbrd]

-- We will not break, and this country will not break. -- Thats all she wrote, folks.

Posted by marizara at 07:27 PM : Jul 20, 2008
............

Our country, the United States of America, is at its gravest danger when more and more "Americans" take the nonchalant attitude of "marizara".

Please do us all a favor and read the Declaration of Independence, the WHOLE THING, and not just the popular first few sentences.

You will realize that if our founding fathers took the attitude that this republic is fail-proof, then they would not have specifically given the American people written permission to forcefully change our government as it currently stands.

The attitude of "nothing can go wrong" and that "everything is okay," and that things will definitely get better no matter what... is EXACTLY what corrupt power wants the masses to believe at all times. It makes the masses less threatening to the elites in charge.

There is a huge difference between complacency and vigilance. It is common for those who are complacent to accuse those who are vigilant as being "doom-sayers" (etc.).

[hypnotoad72]

You people who are doomsaying everything are sounding positively blood-thirsty. -- What on earth makes you think that this country is THAT fragile? -- We are not that fragile! -- We are actually quite tough and resilient, and very capable of extensive change and adaptation. -- Some of us are spoiled and weak, but most of us are hard-working, responsible, and strong. -- We will not break, and this country will not break. -- Thats all she wrote, folks.

Posted by marizara
------------------------

Would those include the company executives and lenders who are getting rescued, or are being fired but still given golden parachutes?

[Marie Zarankevich]

You people who are doomsaying everything are sounding positively blood-thirsty. -- What on earth makes you think that this country is THAT fragile? -- We are not that fragile! -- We are actually quite tough and resilient, and very capable of extensive change and adaptation. -- Some of us are spoiled and weak, but most of us are hard-working, responsible, and strong. -- We will not break, and this country will not break. -- Thats all she wrote, folks.

[daysrnumbrd]

"But remember, our economy has got very strong long-term fundamentals, solid fundamentals..."
..........

Those fundamentals are GONE!

Those fundamentals that were able to bring America back from previous recessions are GONE!

The (current) crop of government officials and this current criminal regime in the White House do not believe in government programs to help the working class, and to rebuild the infrastructure of this country as the Roosevelt administration did during the Great Depression of the 1930s.

Just a few months worth of money spent in Iraq, or the cost of bailing out Fannie Mae/Freddie Mac, could afford to build a glorious rapid public transit system for every major metropolitan area in this country! There would be no need for long commutes by car with the kind of public transit systems found in far more advanced countries like Germany, Great Britain, France, Japan, and others.

But of course, some would call those programs as "socialism". But is it not "socialism" for the government to bail out companies that knowingly piled huge sums of money into extremely risky investments?

[flagship-usa]

If the government prints or borrows (more) money, to cover bad money: does this not drive up inflation?

[flagship-usa]

"But remember, our economy has got very strong long-term fundamentals, solid fundamentals..."

This is always reassuring to know, when work is handing out pink slips.

[Michael Arnold]

He''s GOT to say something positive. Somehow, they''ve got to make enough "believers" again to start the whole scam over.

They can print all the fake money they want, but people are hip to the game.

[whitemale08]

Now this clown comes out and tells us.

We already knew we were living in tough times.

Have you seen how inflation is up over 60% since Clinton left office. Gas from $1.14 a gal to $4.19 a 2 Liter Coke a Cola from .89 cents to $1.99.

Jimmy Carter only faced inflation of 14%. I wish he was President instead of Bush. You guys are simply incompetent.

[hsinco-2009]

But giving Fannie/Freddie "Unlimited lines of credit" as Bu$h said "Is not a taxpayer bailout".

What an idiot. We are not that stupid. It is a bailout and no matter how hard the Repugs try to sell it as anything but that, It is what it is. A Bailout.

[deacon20081]

IndyMac .... That banking failure brought to you by Country Wide Financial....has eaten up 25% of all reserve funds held by the FDIC.
Bush and the GOP are trying to "spin" the truth.....so what else is news? The "Spin" to me is like making a spider web, all sorts of branches intertwined to create a trap for unsuspecting prey.
Hard to see until you walk right into it, and then it''s too late. Luckily some of us have seen the web of deciet and plan on tearing it down. If need be one stand at a time.

[trillion1]

Yes, tough times brought to us by the GOP and bush.