A little has to be explained concerning dictator Geithner's demands to seize American corporations who he judges need fascist control by him for his lord and messiah, Birdie Obama when coupled with this absolute lie that banks are not lending money to Americans "and something needs to be done" when coupled with Geithner's toxic assets take over scheme.
To sort this out, I will by God's Grace take this step by step.
There are no American corporations which should ever be taken over by the American government in any form. If they are insolvent, let them fail as the American people do not need to take risks on bad debt so a trillionaire later can profit from that American Citizen risk.
The standard practice is if a company goes bankrupt, the assets are sold off to a competitor who takes the risks and the American citizenry just keeps governing their own lives free of debt.
One does not though good money after bad or one ends up with Stalin Sovietia communal control over all.
Point 2, if you are solvent right now, you can go into your local bank and they will gladly loan you money in which you can reasonably pay it back. They will loan you for school, home mortgages, car purchases and even vacations, as long as you have been like millions of other Americans in being solvent.
The only "banks" having problems are the international money dry cleaning banks who front money to 3rd world nations on high stakes loans or ran credit lines to the purchase of all that derivatives or toxic debt which the Europeans imploded on America for their windfall and Obama election.
As those roadhouse banks know very well who stole all that American taxpayer money, all that needs to be done is to point a few aircraft carriers at the European axis and say, "Return the money or in this economic terrorist attack on America, America will kill you in sufficient numbers until it just retakes the money."
Point 3, Nothing needs to be done as this constriction will fix itself by summer 2010, unless Obama keeps strangling the United States economy, then much worse upheavals will occur.
Japan sat on it's debt for 10 years and it is still chugging along. All Obama has done is pour trillions of dollars of Citizens money into this globalist friends pockets in a deliberate enrichment scheme for them and a deliberate enslavement scheme for Americans.
Point 4, Geithner's toxic asset scheme is already failed.
His scheme is not focusing on what this blog stated in being needed to be accomplished in taking off the books, TOXIC DEBT, in the derivatives and resold as a repackaged "free from income tax" retirement fund for people who would buy this debt and under strict oversight, the debt would be repaid at a good return as a dividend to investors.
This would work extremely well and Americans would buy this safe investment, giving non taxable returns for retirement and force these huckster internationalists to pay off the inflationary debt they generated in selling and trading derivative debt.
What Geithner is up to is going after toxic ASSETS. An asset is something that really does exist and does have value. A bank might be holding for example several thousand homes which are in a depressed market of lesser value, but those homes are real assets.
Bankers are not fools. They know very well that toady's toxic asset will be 2010's economic boom. (If one figures in the write offs for tax deductions, the re inflated prices of homes, these banks are making a fortune off of this if they hang onto their toxic assets).
For that reason, no bank is going to sell or hand over to Geithner assets which are not that solvent now, but will be very profitable as the same house they sold in 2006 will be bringing in the same down payment and closing costs in 2010, which in most cases will be the equivalent of 2/3rds price of the home.
So Geithner using this shell game of offering to take assets is nothing anyone with a brain in finance would ever go for. It would be like Morgan, Chase, Rockefeller, Barclays all handing over the trillion dollar companies they stole for a few hundred million in 2008 and are now worth hundreds of billions more in just a few months.
Geithner nor Obama are not this stupid as Volcker, Soros and Buffett are not this unskilled. Congress apparently is this new class of idotry as are the media pundits of the right and left have not stated the simple in, "Obama Geithner are attempting to buy what banks will not give up as it is their property and by doing this feint, they will push through Obamacare to ration death to Americans by denying health care to them, while their financier cronies siphon out more money from America, as Obama and Democrats in 2010 take credit for a recovery which would naturally occur in the process anyway."
None of what Obama is doing is designed to help America in any shape, way or form. It is all designed to plunder the system in criminal larceny as he runs his pirate's crew from one new venture to the other.
I have an exclusive clue for readers which will be picked up by the astute. Taking over banks. Tanking over assets. Taking over health care. Taking over agriculture production. Taking over the funding of the military. Taking over energy and "green" assets, are simply centralizing the regional control which the Rockefellers have had in all these profitable arenas, under a communal or communist government control with now major penalties of fines, imprisonment and death to enforce that control the way the Rockefellers could not, is what Birdie Obama's policies are so driven for.
I will repeat this. Obama is transferring Rockefeller monopoly of the financial planks of America to complete globalist control of this monopoly for plunder with the government now enforcing that monopoly as it is embedded inside government.
This is how one leverages an entire nation the size of America in seizing the choke points and by as Obama has done, choked off ammunition components and supply to either have empty shelves or prices so high that no one can afford but a few shells to protect themselves from enemies foreign and domestic.
Some might note that Obama is the first person in the White House who could be termed both foreign and domestic all at the same time.
Perhaps by posting the above information and strategy some bright plagiarist will see the answers and start posting their knowledge looking bright. That is the point children in unless Americans want to thwart this Obama transfer in the absolute control of America in the next months by yelling at Congress so they awake from the Christopher Buckley stonehenge calcified brain fossilization, this will all be Chavez implemented by summer.
More surprises will come to keep the people focused on not what Obama is achieving, so when his 4 year plan is in place, America will be unable to remove this communist system or it will implode America completely.
Nuff said and enough warning. The only thing toxic in this is Obama, Geithner, Axelrod Inc. and their European financiers.
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