Bail-out Bill is not working
Since the passing of the Bail-out bill in the US, which gives the US Treasury extraordinary powers, markets have fluctuated worldwide. It’s ironic that the private bankers that caused the collapse of the US Economy in the first place were asked to “bail-out” the US Economy, for an alleged $700 billion. News sources have now started to indicate that this “bail-out” is more in the region of $5 trillion (which was estimated by some sources before the bill was passed).
- Bail-out Explained (Video) – Videosift
- The ABC’s of Paulson’s Bailout – Infowars
- Worst Slump Since Great Depression – Telegraph, UK
- Bailout Re-Loaded: Could Balloon to $5 TRILLION Dollars NowPublic
- Bloomberg Analyst: $700 Billion Bailout Could Balloon to $5 Trillion – Breibart.Tv
The Dow Jones Industrial Index has tumbled to just over 8500 points since the Bail-out was announced, according to Bloomberg.com. This is proof that the Bail-out bill will not save the US Economy.
The South African Currency, the Rand, has suffered quite severely as the local stockmarket, the JSE (Johannesburg Stock Exhange) went down a few percentage points this week. Before the Bail-out bill in the US, the South African currency was trading for about R7.50 to the US Dollar. It’s now edging closer to the R12 to the Dollar mark, a 6 year low. This is bad news for South Africans, South African interest rates and inflation is bound to go up in the midst of the Global Financial Crisis.
- Global Crisis Gives Rand a Beating – Independent Online
- Rand sinks as stocks slide – Independent Online
- SA May Have to hike interest rates, says IMF – Business Day
- Nowhere to hide for rand – News24
It has been speculated that this financial crisis was planned by the CFR (Council on Foreign Relations) Bankers. The head of the CFR, Richard Haas was recently confronted by We are Change, Rhode Island.
In my opinion, the bankers who are behind causing the crisis and the bail-out are using the age old “Problem, Reaction, Solution” paradigm. The practice of creating a problem or crisis, causing a reaction and then providing a solution. They created this created this crisis and now they will be reaping the benefits of it. The whole globe is being hit by this orchistrated financial crisis. Now they are providing the “solution” to the problem.
- Brown (British Prime Minister): Use This Crisis To Create New Financial World Order – Infowars
- What will be the shape of the world’s new financial order? – Blogs.Reuters.com
- EU’s enthusiasm for new global financial order – Xinhua, China
- This Is the New Financial World Order – The Motley Fool
This is the video clip of British Prime Minister, Gordon Brown making a statement:
Maybe I’m overreacting, but it seems that this crisis is real and could effect all of the people on this planet. Things like this always tend to concern me and in my opinion we should be aware of all angles of this crisis. I also tend to jump to conclusions, I hope I’m not in this case.
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