Who's gonna bail you out, tonight?

The Big Bang, the bailout bill (cool name for a superhero) is to be voted today. Evolving from 3 pages to over 100 it no longer seems like a blank cheque but still continues to raise doubts. Iranian website released some of the details of the bill. After we examine the bill, I think it is important to examine the parallels of post-9/11 acts, such as the Patriot Act, and the troubles in the economy clearly created by the dirty, greedy hands of the Wall Street executives.

"The fundamental proposal remains unchanged. $700 billion will be made available to the Treasury Secretary to purchase bad debts from ailing banks. Talks over the past week have added the following provisions.

- The Treasury will be able to access $250 billion immediately and ask the White House for a further $100 billion. Congress then has veto power over future payments up to a total of $700 billion.

- Banks that are bailed out by the fund will have to give the taxpayer equity in return, which could see the public benefit if the bank recovers.

- At participating banks “golden parachutes,” i.e. big handouts to top bankers who lose their jobs will be banned. Limits will be put on CEO bonuses, and bonuses paid on expected gains that turn out to be false will have to be given back.

- Four agencies will monitor the deal including a bipartisan oversight board and an independent Inspector General. There will also be a judicial review of the Treasury Secretary's actions.

- The government will have the power to renegotiate mortgage terms to ease pressure on homeowners facing foreclosure.
"

...

Nice. But wait, not one of those new fundamental changes still talk about the derivatives! Anyone with an intelligence of 10-year-old can easily look at the trade deals and the faults in the legistlative premises when money can be printed out of thin air into speculation and sharing the risks, while spreading the debt (that's all money is, was, and continues to be under the system operating under the big central banks) overseas. It's killing the dollar!

How is it so hard to see, for the decision makers and executives on the Capitol Hill, the when the US dollar implodes, it sinks the whole wide world with it? Let's take a closer look, shall we. The US dollar is backed by bananas. Hence, oil markets and speculation is backed by bananas. The oil itself is a great buy, but the system behind the trade is going to be worthless. Several middle-eastern currencies are backed by the dollar. Who in the world is going to bail out the dollar based system when it's facing a cataclysmic turmoil by the bailout bill itself when the only thing that's done is creating more money out of thin air? Liquidity is only going to make the bubble a bit bigger, not saving the global economic order.

Now, let's look who has the biggest pile of chips in derivatives. According to government memo and the pdf from the website, a certain picture comes right in your face. Yeah... 90 trillion USD exposure for JP Morgan. Do the math, check who gets backed by FED in foreclosures and mergers. Unbeliveable.

By far I think we can all agree what the real bailout bill stands for:

- Concentration of wealth to certain pockets on certain companies on certain street, by the expence of the tax payers, most likely, globally.
- Blackmailing citizens to pay taxes (somewhat indirectly) in the future, for useless things like the Garbage fines in the UK, for 5000 £ I might add.
- Bigger government
- Socialized markets
- Huge spendings
- More lies

Sounds familiar? Yeah, it should. It came out, that the malicious piece of legistlation called the Patriot Act, was written years before 9/11, as was the Bailout-Bill(BB); months ago. 9/11 seems to be an inside job, BB seems to be insiders trading with each other. Post-9/11 world continues to suffer from the war on terror -paradigm, pre-BB world already shows signs of blaming the average Joe for not handling his/her credit and living beyond means. The Patriot Act wipes out several civil liberties, the BB wipes out ways and means to endure in a situation where one can benefit from civil liberties in various forms of trade. The list goes on and on.

Far fetched? Only time will tell. So far the signs seem to be quite gloomy for the average homeowner on the global Main Street. For all the skeptics out there: just in case something might happend, get storable food, clean water supplies and something concrete instead of paper money.