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AMENDMENT TO THE SENATE AMENDMENT TO H.R. 3997

Is the gateway bill for

H.R. 1424 Emergency Economic Stabilization Act of 2008

The "Bailout Bill" H.R. 3997 passes both the House and the Senate. Buirried within this largely altered bill is H.R. 1424. Here are some juicy exerpts from this bill.

Section 101 (a)(1) establishes what is termed the Troubled Asset Relief Program (TARP) to which substantial portions of what the American people currently owe to their banks and financial institutions is to be turned over the US Government for redistribution to foreign banks.

Section 101(c)(3) Designates for the first time in American history these foreign banks as financial agents of Federal Government with full law enforcement authority over the citizens in the US.

Section 3 (b) allows the US Secretary of the Treasury to put any kind of debt, including credit card, home loans, personal loans, automobile loans, etc., into the TARP programme.

Section 112 allows the US Secretary of the Treasury to astoundingly extend financing to foreign banks to purchase the debt of the American people.

Section 112 (1)(a) allows the US Government to hold stocks in companies for the first time in their history and which completely destroys the capitalist economy of their Nation.

Section 119 (2)(a) gives the US Secretary of the Treasury dictatorial powers not reviewable by courts making this position the most powerful one in America.

Section 122 increases the US public debt to the incredible amount of $11,315,000,000,000 (Trillion)

Section 204 puts the United States under emergency economic rule and states, "all provisions of this Act are designated as an emergency requirement and necessary to meet emergency needs.

Please watch the following video as we attempt to explainwhy this down turn in our financial market is taking place.

I can't help but feel scammed. I don't remember any discussion of "create money out of thin air" in Econ class do you?