Agree 100%...

My hope is that Americans will be smart enough to address the problems at that time and not resort to a different system that will end up hurting us even more in the long run...

yeah germany and france, are hurting but where did the mess come from? from the head of the empire.
the social democratic is very different in south america, it starts from a resentment towards North America, the people are starting to realize that part of the reason of our status quo is because of the empire, and the families who runs the big businesses which support the crime of globalization, are the ones who benefit, while the poors become poorer and poorer.
Thanks God people are openning their eyes

I disagree bro in this case it was the only answer to avoid a panic. With a panic we would have had martial law and riots, this was a near thing we had and realy are not out of yet. They are looking for a soft landing and I think they may be able to pull it off. You seem to know your history. Durring the depression the "New Deal" is probably what saved capitalsim. Durring the depression the fastest growing political party was the socialists. this is under reported in the main stream. WW2 and the new deal saved capitalism for better or worse.

Ahh but this is where you are mistaken. These companies that are hurting others are global companies... Therefore blame cannot be placed on America, aside from them trying to regulate a free market, which you will find most economists agree caused our "bubble burst"...

The martial law you speak of is most likely a fearmonger tactic used by the left wing this time. Fear should not govern. The new deal you speak of actually prolonged the depression as much as it saved it. I used to think otherwise to my friend. Since, the history textbooks at school taught me different. But the economic classes go against the history classes in this case.... And so do the congressmen/women who predicted this "surprise" event YEARS ago...

How is raising our taxes going to help the people? Taxation without representation... Hmmmmm....

global companies which start where?
global companies which their principal shareholders are located at...?

Ok, i'll give you that both are in the U.S. Why did they "all of a sudden" do so poorly? Why was this "sudden" economic crisis talked about for years without any preventive measure taken? Why has the 5 trillion dollars printed and pumped into the market not caused anyoone to relax a bit when giving loans? Maybe we need to look at the source of the problem, maybe instead of trying to control a market that is bigger than any corporation or government, we should step back and let things correct itself. That my friend is the beauty of the free system.

When this bailout was passed, the wealthiest people in the world got A LOT wealthier. This helped no one. But it did tax us. You will pay an extra 10% in your taxes at least. You just won't see it on paper.

So far we've seen a possible government regulation (requiring banks be more leanient with loans) cause a financial crisis that the government now used as an excuse to print trillions to hand over to the biggest corporations we have at teh cost of increasing our taxes by 10 to 15%. How has government intervention helped us here?

And BTW the Federal Reserve bank is a PRIVATE CORPORATION sactioned by our federal government. It is in NO WAY controlled by our government now. Do you realize they literally have the power (thank you Economic Stabalization Act) to print money and spend it however they want?

No no no.... No government sanctioning of businesses and no surpressing them(Aside from a few common sense laws). Only then will we see a free market.

According to economists these "bubbles" are created by the government and federal reserve trying to control the free market, which remains still more powerful than both...

I mostly agree with you most the time Drivinmenutz I am not thrilled at all we bailed out the billionairs and just for the record it was the neocons who threatened martail law if things got bad and collapsed. I am sickened at how the banking billionares got almsot a trillion with no strings attached and the car makers had to jump through hoops for a mere 14 billion. something is verry wrong with that. I think a market correction would have hurt so many people so bad it was probably the right thing to do even though it was done in a poor way.

THink about it though... The free market is self correcting. If pressure hadn't been placed to give out loans more freely you would think we would want these businesses to learn from their own mistakes. Instead we reward them with billions upon billions. In a free market the bank would decide who gets the loans to begin with, and if they took these risks and it fell through their business would fail, and another would build up to take it's place. We have enough safety nets (welfare,unemployment, etc.) to keep people alive and healthy until another corporation can take it's place. I think we hurt ourselves much more (prolonging our recession, keeping the corrupt businesses in power, etc.) in the long run by proposing such a bill.

And BTW you can say what you want about the lefties and the righties. Truth is there is so much overlap that they are one in the same mostly. The "right wingers" use the fear tactics when it comes to things like the patriot act, and wars, the left wingers use this fear tactic when it comes to economic problems (healthcare, education, etc). Together these people are a deadly combination to our nation...

The house republicans were the ones threatened by the whole martial law thing. It wasn't widely talked about until they voted down the economic stabalization act the first time. You can watch cspan clips of many coming forward and complaining about this...

Congressman Brad Sherman of California's 27th congressional district told the House in a speech on Thurs evening that several fellow Congressional representatives have said they were threatened with the prospect 'Martial Law' should they vote in opposition to the $700 billion bailout.

Congressman Sherman's revelation comes after multiple claims that this threat was being ramped up to aid the now $850 billion bail out through the House this past Friday.
CA Congressman Brad Sherman


According to numerous Congressional testimonies, the stark panic atmosphere which has gripped both Congress and the US media was intentionally created in order to 'fast-track' a financial bailout bill. Several members of Congress were told before Monday's vote that martial law might be instigated in America if the legislation failed.

During his speaking time on Thurs, Congressman Sherman stated explicitly, "Many of us were told in private conversations, that if we didn't pass this bill on Monday, the sky would fall, the market would drop two or three thousand points, another couple thousand the second day, and a few members were even told that there would be Martial Law in America if we voted no(to the bail out bill)."

Earlier this week, Congressman Michael C. Burgess from the 26th District of Texas, went public on Monday stating live on Infowars nationwide radio broadcast, that House speaker Nancy Pelosi had declared House Rule 136A, effectively putting the House under "Martial Law" rules, a dictatorial measure only activated during times of national emergency.

Analysts and Congressmen alike have equated these threats to "fearmongering" and described as a form of "economic terrorism" carried out by powerful banking interests in order to secure the record $850 billion payout to the banks by the American people.

Physical Martial law may be invoked by the President of the United States in case of any deemed "state of emergency". Martial Law has not been put into practice since Lincoln, where several Congressmen were arrested or put under house arrest. In 1878, Congress passed the Posse Comitatus Act, which forbids military involvement in domestic law enforcement without congressional approval. However, both the Military Commissions Act of 2006 and USNORTHCOM has increased its direct involvement with US civilian administration. Additionally, the John Warner Defense Authorization Act of 2007, and President Bush's recent PD51 may possibly rescind previous limits by suspending Government as well as other Constitutional guarantees such as habeas corpus.

Viewers can watch his actual testimony from the House floor here:
http://www.youtube.com/watch?v=gnbNm6hoBXc

good post my friend

Paulson Was Behind Bailout Martial Law Threat
Source: Prison Planet
URL Source: http://www.prisonplanet.com/paulson ... ailout-martial-law-threat.html
Published: Nov 20, 2008
Author: Paul Joseph Watson
Post Date: 2008-12-10 13:43:36 by Rotara
Keywords: None
Views: 141
Comments: 18



Inhofe says Treasury Secretary made dire warnings in conference call on September 19th




Paul Joseph Watson
Prison Planet.com
Thursday, November 20, 2008

Senator James Inhofe has revealed that Henry Paulson was behind the threats of martial law and a new great depression prior to the passage of the bailout bill, having made such warnings during a conference call on September 19th, around two weeks before the legislation was eventually approved by both the Senate and Congress.

As we reported at the time, on October 2, Democratic Congressman Brad Sherman gave a stunning speech on the House floor during which he decried the fact that, “Many of us were told in private conversations that if we voted against this bill on Monday that the sky would fall, the market would drop two or three thousand points the first day, another couple of thousand the second day, and a few members were even told that there would be martial law in America if we voted no.”

A few days before, Rep. Michael Burgess also told the House, “Mr. Speaker I understand we are under Martial Law as declared by the speaker last night,” referring to a temporary suspension of the rules and procedures of Congress by its leaders so that a bill can be passed quickly.


But the origin of the most dire warnings about physical martial law in America, to which Sherman was likely referring, has now been exposed.



Speaking on Tulsa Oklahoma’s 1170 KFAQ, when asked who was behind threats of martial law and civil unrest if the bailout bill failed, Senator James Inhofe named Treasury Secretary Henry Paulson as the source.

“Somebody in D.C. was feeding you guys quite a story prior to the bailout, a story that if we didn’t do this we were going to see something on the scale of the depression, there were people talking about martial law being instituted, civil unrest….who was feeding you guys this stuff?,” asked host Pat Campbell.

“That’s Henry Paulson,” responded Inhofe, “We had a conference call early on, it was on a Friday I think – a week and half before the vote on Oct. 1. So it would have been the middle … what was it – the 19th of September, we had a conference call. In this conference call – and I guess there’s no reason for me not to repeat what he said, but he said – he painted this picture you just described. He said, ‘This is serious. This is the most serious thing that we faced.’”

Inhofe said that Paulson told members of Congress the crisis would be “far worse than the great depression” if Congress didn’t authorize the bill to buy out toxic debt, a proposal “which he abandoned the day after he got the money,” added Inhofe.

Inhofe is referring to the controversy last week when it emerged that the bailout money was not going to buy up toxic debt but instead Paulson, the former CEO of Goldman Sachs, had pulled a bait and switch and ordered the money be injected directly into banks.

Senator Inhofe has slammed the secrecy surrounding the destination of the bailout money, saying that Hank Paulson could have given it to his friends and that the “blank check” must be cancelled now.


Inhofe is now trying to rally support for a freeze on what’s left of the initial $350 billion of bailout money with his “roll back the bailout” proposal, which will also require an affirmative vote on the part of Congress to approve Treasury’s plan for the remaining $350 billion.

Watch the clip from Inhofe’s interview below.

http://freedom4um.com/cgi-bin/readart.cgi?ArtNum=92017