Re: Paulson's Swindle Revealed

On Nov 3, 12:31 am, landingli...@xxxxxxxxx (Landing Light) wrote:
.http://www.thenation.com/doc/20081110/greider2?rel=rightsideaccordian

"Fool me once, shame on you. Fool me twice, shame on me!" - Anon

From the Link: "- if you look more closely at Paulson's transaction,
the taxpayers were taken for a ride--a very expensive ride. They paid
$125 billion for bank stock that a private investor could purchase for
$62.5 billion. That means half of the public's money was a straight-
out gift to Wall Street, for which taxpayers got nothing in return."
Reminds me of the "Got-cher nose!" con game grown-ups run on toddlers,
that works ONCE, then the kids wise up... Just as the grown-up's
thumb isn't really the toddler's nose, the $125B that was supposedly
borrowed AT INTEREST from the banks it was then given to ... is mere
"legerdemain in the ledger domain" ©, i.e., not real. Just as
toddlers wise up and are no longer horrified at the loss of their
noses, so too the public is wising up to the con of fiat paper money.
The house of cards falls the moment the con doesn't run anymore...

I can © the phrase "legerdemain in the ledger domain" can't I?

.
..............................................................
             FIAT MONEY SYSTEMS
.
  Fiat money systems always end up collapsing - so, what is the value of
a collapsed piece of paper?

The system is collaps-ing, yes, but "it ain't over til it's over" and
I AM going to get an oil change and a lube today! :^) Go with the
flow. Invest in canned goods, dried beans and rice, etc... Hunker
down and beware the blivits.

Peace, Sanity Clause RE
.

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