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Title: The Name of the Game is Bailout
Source: The Creature from Jekyll Island
URL Source: [None]
Published: Mar 3, 2009
Author: G Edward Griffin
Post Date: 2009-03-03 22:57:45 by Rotara
Keywords: None
Views: 186
Comments: 3

From G. Edward Griffin's book, The Creature From Jekyll Island - A Second Look at the Federal Reserve:

Chapter Two: The Name of the Game is Bailout

The final solution on behalf of the banking cartel [i.e., the Federal Reserve and those private banks, such as Morgan, etc.] is to have the federal government guarantee payment of the loan should the borrower default in the future. This is accomplished by convincing Congress that not to do so would result in great damage to the economy and hardship for the people. From that point forward, the burden of the loan is removed from the bank's ledger and transferred to the taxpayer.

Poster Comment:

Sound familiar ? Anyone ?

*******

Bernanke defends AIG rescue, says U.S. had no choice
(reuters) Tue Mar 3, 2009 5:09pm EST

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#1. To: Rotara (#0)

Chapter Two: The Name of the Game is Bailout

wow. i read it a long time ago and had forgotten that.

christine  posted on  2009-03-04   0:07:12 ET  Reply   Trace   Private Reply  

#2. To: christine (#1)

i read it a long time ago and had forgotten that.

Me too...think I'll get the book out and refresh my memory.

CadetD  posted on  2009-03-04   0:23:48 ET  Reply   Trace   Private Reply  

#3. To: christine (#1)

wow. i read it a long time ago and had forgotten that.

If you start reading now, you can finish by the weekend !

4th Edition, 21st or 22nd printing is available from last fall. Maybe newer still is available what with the final collapse going down real time.


"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams


Rotara  posted on  2009-03-04   0:41:55 ET  Reply   Trace   Private Reply  

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