• Categories

  • The Golden Rule

    “That which is hateful to you do not do to another ... the rest (of the Torah) is all commentary, now go study.”

    - Rabbi Hillel
  • Enter your email address to follow this blog and receive notifications of new posts by email. Remember to click "manage" to set your preferences, such as daily or immediate and the time of delivery.

  • Subscribe Via Email

  • Note on Older Videos

    Videos posted between 2008 and 2010 are not showing up because the coding used to embed the videos no longer work. Lockerz (who bought Vodpod) has shut down. If anyone has the time to look up the coding (youtube url) and put that link in the comment section of the post, I'd appreciate it. Thanks for understanding. More info: Note on Older Videos Posted on Dandelion Salad by Lo
  • Lists of posts and videos

    Dandelion Salad Videos

    Dandelion Salad Posts

    Don’t Enlist, But Don’t Just Take My Word For It by Lo
    Please pass this on to anyone you know who may be considering enlisting as a soldier (mercenary).

  • Amendment I

    Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.
  • Disclaimer:

    The views and/or opinions posted on all the blog posts and in the comment sections are of their respective authors, not necessarily those of Dandelion Salad.

    All content has been used with permission from the copyright owners, who reserve all rights, and that for uses outside of fair use (an excerpt), permission must be obtained from the respective copyright owner.

  • Proud Member of The Internet Defense League

    The Internet Defense League

  • US Deaths in Afghanistan: Obama vs Bush. Click here to learn more.

Exclusive: Helicopter to Hell by The Other Katherine Harris

by The Other Katherine Harris
Featured writer
Dandelion Salad

Oct 1, 2008

Question: What could be worse than Hank Paulson’s $700-billion proposal to pay banksters too much for worthless derivative securities?

Answer:  “Helicopter Ben” Bernanke on the loose, dropping more than $1 trillion on the banksters, in loans based on their garbage securities’ FULL FACE VALUE (hyperinflated by up to 200 percent).

While our eyes and hopes were on the House vote yesterday, Bernanke had ALREADY announced another $630 billion in “emergency lending” — most of it secured by the very worst of the dog bets.  If these huge Fed loans go bad, as many doubtless will, we get to keep the trash.

The FDIC is now plundering us on a near-daily basis, too, by handing banks they bust to larger banks with the promise that taxpayers will cover vast potential losses.  (Citigroup got Wachovia with a stop-loss of $42 billion on a $312 billion loan pool.)

Had Paulson’s scheme been approved, it would’ve been gravy — and it provided (and is still providing) the convenient illusion that elected officials remain in control.

Short of Bernanke’s action yesterday, it was possible to focus on finding fair and rational approaches to our problems, thinking our appeals and the Congressional vote had meaning, but now I’ve reluctantly concluded that a financial coup d’état hasn’t merely been attempted. And I’m not sure what, if anything, can reverse it.

The players will string out the denouement for as long as they can — as they’ve been doing with all their other moves — while they keep grabbing cash, doing deals and generally staking out strong après-deluge positions.  That gives us an interval before Big Gotchas resound from havens like the Caymans and Switzerland, Paraguay and Dubai, but what’s to be done with the time?  Especially with a brigade of our own soldiers under Homeland Security control, tasked from today to keep us from getting “unruly”.

As Shrub said last week, “This sucker could go down.”  America was his sucker — now bankrupt and sinking according to plan.

The Bloomberg story describing the Fed’s latest move suggests a similar fate for residents of the European Union, where “rescue” efforts are also underway — and the Brits, we know from other sources, are under even more constant surveillance than Americans.  All of us uppity types who believe we deserve to live decently again, as we did before Thatcher and Reagan, are a threat to the greater profit of our global masters and have to be brought into line. Pounding us with the banksters’ quadrillion-dollar derivatives bomb should just about do it.

In my more than 50 years, I’ve never before felt such despair — although the level has been steadily increasing lately.  Conversations with friends and family have often turned to what we’d do if we were younger.  “Emigrate” was the top answer, but to where?  A former military man near 80 said he’d raise an army.

Ben’s helicopter is in the air now.  What will you do?


Exclusive: Wall Street wants us to panic… by The Other Katherine Harris

Exclusive: Resolving the Wall Street Financial Crisis: Monetary Reform by Nikki Alexander

Want to stop the banksters’ bailout? by The Other Katherine Harris

“They Just Don’t Get It” – Political Leaders and Pundits Are Clueless About Bailout Rejection By Richard C. Cook

Personal Finance Meltdown Makeover: Take the Long View by Susan Boskey

Bush’s Artificial Prosperity: The devastating results of the Republican debt based economy by John Kelley

Fed Pumps Further $630 Billion Into Financial System + Stocks plunge

Catherine Austin Fitts: Financial Coup d’etat

About these ads

4 Responses

  1. A rocket launcher

  2. [...] Exclusive: Helicopter to Hell by The Other Katherine Harris [...]

  3. [...] Exclusive: Helicopter to Hell by The Other Katherine Harris [...]

Please add to the conversation.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s