John; That article from the Post is pure hogwash ,
The Post is in the pocket of the BIG money, and their propaganda
machine.
I'll point out just one small error , the S&L debacle , and how
we fixed it so nicely to look like it didn't cost the Tax
payers much with double talk and book entries. All they are
talking about is the deposits that were bailed out.
BUT
The mergers came about only after the GOV agreed to write off,
PAY off all the Gov insured home loans, that was not included
in their tally of cost to TAX payers. About a Trillion Dollars.
This was paid by a huge float in the National Dept to foreign
countries of which Japan bought a big chunk.
A conservative estimate made by independent sources is that
the real cost will be over 3.5 Trillion !
I say conservative because of the effect of compound interest,
and the fact is we will never likely pay off one cent of the
principle of that National Dept float that was the result of
the S&L rip off. Your grand kids if you have any will still
be paying on it.
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So some banks in Japan seem to be in a bind, you don't really
see them worrying about it do you.
To top that off they have
very little in the way of National Dept, and could likely pay
it off tomorrow if they chose to. Did they send people over here
looking for help, hell no we are running to them and doing a spin
on who has the problem.
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We lost half our independence via artifice within 20 years of
winning the war of Independence. We became a full fledged
Colonial Nation in the Mid 80s.
We have nothing but a plutocracy style government now, which
caters to certain "school chums" who pull all the strings
the new world order fraternity owns us, and if we don't
behave like we are told to they can drop the shoe any time they
want. And put us in the same bed with the Koreans.
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The Privately run Federal Reserve is nothing more that the finger
of the biggest from of Racketeers that ever lived.
Worry about bad loans the Japan banks have, ha Japan could likely
buy and sell us.
About 40% of your taxes go to pay the interest on the National
debt. They talk about a surplus and every one thinks we done
good, what hogwash. That's just a surplus below the hot air
budget that was last passed that only ran our debt up another
500 Billion..
Surplus just means we didn't have to sell off as much of our
Country and your grand kids future as we thought we would.
Jim
What Ruben did was criminal in nature , but for some reason we
don't got any laws against it.
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