U.S. House Rejects $700 Billion Financial-Rescue Plan
By Allison Vekshin & Laura Litvan – Bloomberg.com (29 Sep 2008)
4 Comments
Comments are closed.
U.S. House Rejects $700 Billion Financial-Rescue Plan
By Allison Vekshin & Laura Litvan – Bloomberg.com (29 Sep 2008)
Comments are closed.
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I was wondering if you could set up some sort of system so when your publish a new article, i get emailed to alert me? Unless you already do this?
True monetary reform will include not having mortgages with compounding interest. The truth is, it shouldn’t take 30 years to pay off a house. Education shouldn’t have compounding interest. Nor should health care be on a credit card or interest charging plan. They had all the control, now it has reached it’s inevitable end. There is no future in this system of ours. The real estate market is ending, as we know it. The over-building, combined with the destruction of middle class credit, will leave millions of houses empty for years to come. Good for us!
All we have to do now is bank locally, nor worry about credit cards and live as self-responbibly as possible. Bring on the revolution!
M Henkels, Santa Fe, NM
September 30, 2008
We need monetary reform for many reasons. The current state of the economy attests to the fact that the monetary system we now have is not working for most people.
Every day, more of the middle class join the ranks of the working poor as their jobs go overseas under policies of corporate greed.
Independent researchers/authors verify that the economic and political scenario being played out in America is a deliberately planned, long-term effort by global elitists, a direct result of using a European sourced and influenced private Federal Reserve central banking system that clearly benefits wealthy elites instead of the general public as the U.S, Constitution clearly states and advocates in Article I, Section 8.5.
Every dollar in existence represents a dollar’s worth of debt. Your promise to pay the money is what immorally creates the money.
We must have a way to educate our youth (our future) without saddling them with massive debt to start their working lives. This is actually an incentive for many not to get an education, is unnecessary, counterproductive and absurd.
We need protection from home loss through bankruptcy due to medical and other arbitrary circumstances.
We need loans at simple interest only at less than 6% with no exorbitant, confusing, adjustable or ballooning rates.
We need a stable currency, free from private interference causing inflations, deflations, recessions, depressions, leading to wealth transfer through foreclosures.
With the monetary policy we have, both “Republicrats” and “Democans” are overly influenced and work for the same corporate interests and their lobbyists (over 40,000 in Washington, D.C.), and not for We, the People.
Without true monetary reform based on honest money, there is no real possibility for fairness and prosperity for all citizens. Morally, it is the right thing for our representatives to do. Let them know.
Stephen Clark
Diamondhead, MS
http://www.truthaboutmoney.org
Your recommendations for what to do today and going forward are so powerful and inspiring…after your perspective of the past and present dangers, these brief observations, commitments and sharings of yours…are anchors for democracy and are appreciated!