Oil's energy contribution has declined by about 12% since 1999. The world's economies have also declined by about 12%. (Using conventional metrics, which are time delayed determinations, this will only be seen in hind sight). The massive destruction of asset values now occurring testifies to it happening.
Peak is well behind us, world economies have peaked and will continue to decline.
Posted: Sat Sep 20, 2008 1:39 pm Post subject: Re: Text of Financial Crisis Legislation - yup, it's a coup
Why can't the dollar limitation on my credit card by striked out and $11,000,000,000,000 be inserted in lieu there of? _________________ People first, then things, then dollars.
There will be enslavement, cannibalism, & zombie invasions.
Joined: Feb 20, 2005 Posts: 2888 Location: Uppsala, Sweden
Posted: Sat Sep 20, 2008 1:58 pm Post subject: Re: Text of Financial Crisis Legislation - yup, it's a coup
I disagree completely. One of the key reasons why the Swedish banking crisis was resolved so successfully is because the company formed to deal with the toxic debt had extremely free hands and was granted the power to ignore ordinary financial legislation.
And considering the guys who solved the Swedish situation have just come home from New York after lecturing to the FED... Draw your own conclusions; from Sweden with love! _________________ Peak oil is not an energy crisis. It is a liquid fuel crisis.
Joined: Aug 11, 2005 Posts: 826 Location: Eastern NC
Posted: Sat Sep 20, 2008 3:11 pm Post subject: Re: Text of Financial Crisis Legislation - yup, it's a coup
Not to drip any water on the parade, but my reading of the legislation is a end run around those parasitic forms of life called tort lawyers. There is NO limitations as to changes by legislature. If changes need to take place it will be by legislature and not some lawyer or judge.
Posted: Sat Sep 20, 2008 3:38 pm Post subject: Re: Text of Financial Crisis Legislation - yup, it's a coup
All laws enacted by Congress are reviewable by the Supreme Court.
What the law is trying to do is to stop groups like the ACLU or similar groups from bringing a law suit based on some government agent's action.
The law itself, however, is reviewable by the SC as to whether it is Constitutional.
Nobody disagrees with that.
So if you want to do the whole, "nah nah, it's unconstitutional, wah wah" thing, then go ahead. Precedent is on your side.
But be aware, the Constitution is a mirage.
If 5 bozos say the law is Constitutional, then it is, even if we all agree that every signatory to the Constitution would have disagreed. _________________ Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
Joined: Jun 28, 2005 Posts: 56 Location: Perth Australia
Posted: Sat Sep 20, 2008 3:42 pm Post subject: Re: Text of Financial Crisis Legislation - yup, it's a coup
idiom wrote:
Upper limit of $700 Billion? Wonder how long that will last.
Oh and the debt limit gets raised too... $11.3 Trill?
Dirty rotten scoundrel. I feel robbed.
I have been watching the US debt clock ticking over towards 10Trillion for some time now and had planned a 10Trillion debt party.
You know, where you come dressed up as a begger and drink cocktails and stuff. It seems however that I went to bed last night and missed the chance to see 10T click over. Hell I even missed the 11 trillion....
Anyone want to come to a 12trillion debt party.....
It will probably be next month some time _________________ For your own saftey.... Never pat a burning cat
Joined: Sep 25, 2004 Posts: 4726 Location: Boston, MA
Posted: Sat Sep 20, 2008 4:26 pm Post subject: Re: Text of Financial Crisis Legislation - yup, it's a coup
gandolf wrote:
idiom wrote:
Upper limit of $700 Billion? Wonder how long that will last.
Oh and the debt limit gets raised too... $11.3 Trill?
Dirty rotten scoundrel. I feel robbed.
I have been watching the US debt clock ticking over towards 10Trillion for some time now and had planned a 10Trillion debt party.
You know, where you come dressed up as a begger and drink cocktails and stuff. It seems however that I went to bed last night and missed the chance to see 10T click over. Hell I even missed the 11 trillion....
Anyone want to come to a 12trillion debt party.....
It will probably be next month some time
Only robbed?
I feel raped.
I always thought that they were dirty rotten scoundrels. Now I know it to be true.
I used to be a Patriotic American. Now I'm seriously considering emigrating.
Now I know what the Argentinians felt like when the government stole their life savings in 2002. _________________ "www.peakoil.com is the Myspace of the Apocalypse."
Posted: Sat Sep 20, 2008 5:37 pm Post subject: Re: Text of Financial Crisis Legislation - yup, it's a coup
Starvid wrote:
I disagree completely. One of the key reasons why the Swedish banking crisis was resolved so successfully is because the company formed to deal with the toxic debt had extremely free hands and was granted the power to ignore ordinary financial legislation.
I guess it all comes down to your definition of the word "success". If success in their case was defined as shifting the burden of capital losses from the private banking sector to the pockets of the citizen taxpayers, then the word seems to lack its usual positive feeling to most people.
Posted: Sat Sep 20, 2008 7:21 pm Post subject: Re: Text of Financial Crisis Legislation - yup, it's a coup
that Section 8 is serious but i wouldn't call it a coup. i think it depends on what you think happened in the 2000 & 2004 presidential elections, and on 9-11.
i would say this is a continuation of the coup that occurred with the manipulation of the 2000 election.
if this requires Congress to ratify it, can Congress undo/ un-ratify it ? just wondering if that would be one 'court' (sort of) that has that ability.
of course, with Nancy "impeachment is off the table" Pelosi blaming Bush, the whole situation is f'ing ridiculous. the Three Stooges writ large. _________________ http://www.LASIK-Flap.com/ ~ Health Warning about LASIK Eye Surgery
Posted: Sat Sep 20, 2008 10:08 pm Post subject: Re: Text of Financial Crisis Legislation - yup, it's a coup
Game over. Bloodless financial coup, fascism fully active. I want to piss on Woodrow Wilson's grave right now.
The only hope left for the American people is to realize their strength over the global economy, and default on all mortgages and consumer loans en masse, effective immediately. Any action short of that will be either ineffective or too damn bloody. _________________ http://www.thepeoplescube.com/
"We are building a religion; we are building it bigger. We are widening the corridors and adding more lanes."
Cake - Comfort Eagle
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