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Name: Chuck Rickard
Location: Baltimore, MD
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Is Hugo Chavez Running Washington?

We're screwed. Do you get it yet? The line between the public and private sector was just indelibly blurred. Just as Chavez has been nationalizing the private sector in Venezuela, and Rep. Maxine Waters proposed for the oil industry, the government is now in the financial business up to its collective necks.  Who knows, maybe the oil companies will be next.

Read this carefully: They have just sold our great-grandchildren's birthrights.

Just as I've said before many times, the government has no business being in anything other than the military protection business; certainly not in the market speculation game.  Interestingly enough they blame speculators and short sellers, LOL.  Understand this: most of the markets are made up of... ta-dah... us, our savings, pensions, etc.  and they will work if not messed with by crooks in and out of government.

Add it up: $200+ Billion for Fannie & Freddie (with no guarantees), $80+ Billion for AIG (with 79.9% ownership), $700 Billion (and probably hundreds of billions more) for a new version of Ponzi Scheme called the National Resolution Trust. I believe it might be made a cabinet level department. I really hope they are not that addled.

As I wrote last week, we will be bailing out the Big Three automakers, and next the Airlines. Why not, they're in trouble too? We're all in trouble; send each of us a $100,000 bailout. BTW, that is a proposal (though not that much money) from the Obama camp, which shows their total ignorance of economics.

Where did they get all of this money, suddenly........? They didn't. The Fed (again a private company made up of bankers with superhuman powers) can create money out of nothing and lend it to the government (at a small interest rate). And then the government can give it back to them to do all of this mischief. Sounds a lot like money laundering, doesn't it?

Just the known totals above will add an immediate 8% to the national debt, and all of that money creation will inevitably fuel a huge round of inflation.  Today that dollar bill you had in your pocket yesterday is worth 92 cents.

Why did they do it? Very simply, it is to bail out all of their crooked friends in those arenas that destroyed the companies involved and made off with untold fortunes. As I said before: Fed - Financiers - Government (Paulson & cohorts), the unholy triumvirate.

Why hasn't anyone tried to stop them before? They were paid billions of dollars to look the other way, that's why. Most of capital hill got a cut, some more than others.

Why haven't the candidates said much, because in one way or another they are an intricate part of the problem. In less than three years Sen. Obama became the 2nd largest recipient of the largess and has two of the Fannie & Freddie boys on his staff. Sen. McCain brags of his attempts to stop this years ago, but they were impotent and futile. They should both resign from the race and have another primary.

Sect. Paulson should be fired and possibly indicted for conflict of interest, and the leaders of both parties in the Senate and Congress should be impeached, along with the President: and Pres. Clinton and his cohorts should be indicted as well for their hand in this.

Mark my words, after the euphoria of this drug injection into the market has worn off and the DT's set in, watch out! There might not be a bottom to it all.

The remarkable arrogance of it all is that they have the gall to say, "We had to do it to save the economy and the well-being of the average citizen." That is 100%, unadulterated BS. They have just set into motion the American Financial "End Times", even if it takes years to reach fruition.

I sincerely hope I am wrong, and I will gladly eat the paper on which this was originally written if it is. I DO NOT want to be correct here.

Buy Gold and do your stretching exercises so you can bend over and kisses your butts good-bye.

Chuck Rickard

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