I don’t care too much about the politics in America nor that we live in a Rockefeller/Rothschild dynasty. These are corrupt things you cannot change in the immediate future.

……..

I have faith in people enough to know that Americans and the rest of the world will help other countries stop bankers and corporate power.

America isn’t even really owned by Americans but other countries have built up enough by educating their people that resources will not go so easily to the bad people.

The left has hit Africa as well as Asian countries and the East. And with it will come the bargaining of land not the sale. With it will come humanity care rather than profit care.

No more should countries be like Hawaii where the people live in tents on the beaches while the corporations have built sky scrapers on their land and make billions through visitors, raw resources and industrialism.

I like this man Paulson. He knows the score and he knows the game. He must protect the banks and he must care for the people. He looks to play his cards well.

“America is more communist than China right now,” billionaire investor Jim Rogers fumes in next month’s issue of Fortune magazine when asked about Paulson’s methods, adding that his interventionism amounted to “welfare for the rich”.

How does that work?

In March this year his bridge-building efforts came in very handy, as he was forced to act swiftly to save Bear Stearns from the brink and orchestrate a Government bailout and a quick sale to JP Morgan. The Democrat Congress hardly blinked. Paulson had a free rein.

***Crickeys. JP Morgan shouldn’t be buying out any more banks. This takes out trade competition. No wonder China and Russian banks are trying to buy out banks themselves.***

Then in April, with the economy in free fall, Paulson announced a plan for complete reform of the nation’s financial regulators.

In so doing he transformed the Federal Reserve from an interest-rate obsessed think-tank to a powerful regulator of regulators, with a hand heavy enough to take on Wall St.

****The Federal Reserve does not need more power. It needs less power.****

But events overtook his plans for reform and all of a sudden, Paulson was in the middle of an economic nightmare. Just as quickly as he had saved Bear Stearns he nationalised Fannie Mae and Freddie Mac, the twin US mortgage guarantee outfits.

He handled the AIG bailout in person, calling chief executive Robert Willumstad last Tuesday night to give him the boot – after a long weekend during which he in effect closed down Lehman Brothers and forced Merrill Lynch to merge with Bank of America.

****Merger huh? Sounds suspect.****

Paulson spurred more corporate M&A activity in five days than he did in an entire career on Wall St.

But there is a growing chorus of detractors in the US who think this type of heavy-handed and inconsistent interventionism will, in the long term, worsen the global crisis.

*****Strange how it was Republic Senators that walked out on the bailout meeting saying this was bad for business and tax payers.*****

Who is Paulson?

Paulson started his career as a liaison between the Treasury and Commerce Departments in the Administration of President Richard Nixon. He later went on to earn a master’s in business administration at Harvard University and in 1974 joined Goldman Sachs where he spent his entire 32-year private career.

****Damn good years those early 70’s and a lifelong career for the banks. Wow!****

Indeed, Paulson was the only member of President Bush’s cabinet who dared acknowledge that human actions contribute to global warming and that America should take swift action to address it.

Then he prescribed new policy to fix global trade and investment policy.

In a series of recommendations that had Republicans fuming, he vowed to reform social security and health care for the poor and to address the growing income gap between rich and poor. To talk of an income gap when all others in the Administration were still slapping themselves on the back for maintaining economic growth at all costs was utter heresy in the Bush camp.

http://tinyurl.com/3jepcx

A possible replacement would be directing those same funds to pay down national debt.