It is unreasonable to vote for the financial services bail out. The alleged crisis has been in an ever accelerated burn for more than a year yet only now do we have an emergency? Please reject nationalizing institutional losses and the continued privatization of profits. I think a better use of our currency would be to provide immediate foreclosure protection and to allow the banks, finance firms and investment bankers, to utterly fail. What are we saving with this bail out anyway? Americans did not create the banking crisis. We should not be asked to bail out the banks. It is not in our interests. We are being asked to bail a strictly private bank, The Federal Reserve. It is not a United States Government Agency. This private corporation owned by its Federal Reserve Members who in turn are owned by private interests has failed its mission.
The Federal Reserve was created to stop banking panics like the one in 1907. The Federal Reserve Chairmen (multiple) have admitted in testimony to the Congress that it was at the controls of the Great Depression. Its actions exacerbated the Great Depression of the 1930s.
At present Americans are being asked not just to bail out our commercial banks and investment banks but we are being asked to bail out the Federal Reserve itself. The Federal Reserve has demonstrated that it is a failed institution. It has not served its intended purpose from outset of the Federal Reserve Act of 1913. The Federal Reserve causes the U.S. Treasury Department to issue not United States Currency but Federal Reserve Paper also known as Federal Reserve notes.
Shall the Congress continue to indebt us to a private bank that is failed?
It is not in America’s interests to continuously prop-up, feed, repair and fuel an institution that is self immolating.. It must be allowed to consume itself and the debris removed. The Federal Reserve System collapse can be likened to Chernobyl. It is not repairable and by its nature hazardous to us all.
Thomas Jefferson states it best, "If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."
We should not be having hearings about a bailout; instead we should be having hearings on how we intend to replace the Federal Reserve with money created and issued by the Government of the United States.
What will Congress do? Does it matter? They have let us know their intentions. We need to protect ourselves now.
The melt down of the mortgage market was carefully planned and orchestrated as a way to pump trillions out of our hands and into the coffers of central banks. Each step in the process was carefully manufactured. They stole our homes and changed the bankruptcy laws to make our serfdom inevitable.
Their plan has been in motion for a very long time.
1913 - The establishment of the Federal Reserve Bank obligating Americans with a currency that profited only a small clique of private bankers while all Americans paid.
1933 - The bankruptcy of the US government, MCDC, which resulted in each individual American being listed as a source of credit on those bank balance sheets through their birth certificate the moment it was filled out.
2008 – Overt Corporatization, “privatization” of America into the direct, obvious control of those same corporations.
Fractional reserve banking is the ultimate license to steal, allowing those same banks to write money into existence with no obligation to themselves. The obligations have all been ours.
It has always been a fraud, on which there is no statute of limitation. They use Congress in attempts to evade accountability. We can not let them get away with it.