America...

Protest the Bailout

 

Only a Harvard MBA would buy $700 BILLON of JUNK BONDS on behalf of taxpayers

That MBA is GEORGE BUSH.

 

1. It's a bad deal.

If somebody on Wall Street did that they would go to jail. It is criminal to buy bad securities when you know better.  The issue isn't Bush. It is YOU.  Are YOU willing to be a slave to the mistakes of George Bush? Do you want to be plundered of $10,000 (per taxpaying couple not counting interest) to pay for this bailout? Don't you have something better to do with your $10, 000—like pay a mortgage?

Isn’t it interesting that so many institutions bought mortgage-backed securities under the impression the debt was good, while President, Congress, Treasury, and the Federal Reserve are going to buy $700 billion of debt they know is bad? Like a bad toilet seat scandal, they will buy a $100 billion bond for $700 billion. YOUR money will be wasted.

Only George Bush, Harvard MBA, could knowingly buy bad debt—more debt than is spent on any social program or military budget in history. Conservatives SAY they want government run like a business.

Right!

 

2. It's immoral.

THIS IS THE LARGEST TAXPAYER-FUNDED WELFARE SCHEME IN HISTORY

It is immoral and impractical to subsidize failure. It will not fix the problem. As the government buys bad debts, the investment bankers will sell into the rally and the price will collapse, requiring more and more bailouts. That's exactly what we see. First Bear Sterns, then Fannie Mae and Fredy Mac, then AIG, now $700 billion of unrestricted bailouts.

What this shows is that Bush, Paulson, and Bernanke do not know what they are doing, or how to get out of it.  The market swings are a show of no-confidence. The best thing that Bush & Co. can do for the markets is resign.

What we need right now is a declaration on the part of the public that all the new debt issues, as of September 23, 2008, of the US government are subject to cancellation.

That will stop the bailout.

That will undermine government debt financing. That will destroy the Treasury and the Federal Reserve and force Congress to regard our dollars as precious. We must stop the insanity. We are not slaves to the altruistic proclivities of politicians for their fascist cronies and supporters on Wall Street. The Declaration of Independence protested the quartering of soldiers. We must protest the quartering of bad debt.  

 

3. It's against our will.

NO DEBT IN OUR NAME—NO DEBT AGAINST OUR WILL

This financial crisis is a product of activists (Jesse Jackson, ACORN/communists) and politicians (Shumer, Charles Rangel, Barney Frank, etc. )pushing banks to lower their standards so people with bad credit get loans. They are not prime customers, but "sub-prime" deadbeats. The banks then passed these loans to the investment banks who bundled them into easily tradeable securities (bonds), getting commissions for floating them in the bond markets.  Investment houses retained some of these bonds as investments. When the truth came out, the bonds lost value, their balance sheets showed great capital losses, their liquidity dried up, and they are forced to stop operating because they have no cash to function. Currently, many of these bonds are likely in state-run pension funds for all the bureaucrats. So, this ends up being a wealth transfer from the taxpayers to the bureacrats.

Why is Bush pushing for EMERGENCY POWERS TO THE PRESIDENT AS QUICKLY AS POSSIBLE TO BUY BAD DEBT? SO THAT THE PUBLIC HAS NO CHANCE TO QUESTION OR STOP THIS PROCESSION TO DICATORSHIP.

The FIRE on Wall Street is

Bush's Reichstad FIRE

 

4. Reject the tyranny of national debt.

 

We will not accept more debt. He does not deserve EMERGENCY POWERS.

Congress has no authority to buy or sell commerical bonds. It is illegal. It cannot give the president authority that it does not have. Otherwise, it is a rubber stamp to dictatorship. Will tyranny have the support of the American people?

 

5. What you must do.

Are you a man or a slave?

Americans must protest the fraud, the abuse, the evil.

This is America's and your last stand. Now or never stand up for your freedom.

 

Protest YOUR  enslavement to George Bush:

 

1. Tell your friends:  ALL NEW US Government BOND ISSUES MUST BE subject to being CANCELLED. Let bad sub-prime bonds become bad government bonds. The public must hear the REAL solution. That's our message.

 

2. Join the TAX FREE SOCIETY email list as a show of protest.

 

3. Spend $5 on the TAX FREE SOCIETY NOW

...or bleed $10,000 in taxes and inflation tomorrow. We must spread the message of tax-freedom and individual rights. Government has no right to enslave us to its outrageous illegal debts.

4. BLOG about the taxfreesociety.com  Agree or disagree, we can STOP THE BAILOUTS.

 

Spend $5 ON the TAX FREE SOCIETY NOW.

 

Sponsored by the Tax Free Society  2008 © Lorenz Kraus