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Citizens of the UNITED STATES GOVERNMENT "BAILOUT ALTERNATIVE!"

 

NOTE:  10-6-2008 The US Government has given financial instutions a 700 Billion+dollar bailout

and US taxpayers will be responsible for it.  The following is for your considerations of

ONLY using 85 Billion of the total amount they want or 12% for a US Citizens STIMULUS!

      Ask yourself:   Would putting 700 Billion US dollars (bail out) more into our monetary system

devalue the American dollars you have in your pocket?  see fotnotes below.....

 

Click the center arrow in picture below for

"A $425,000 Stimulus 4 U"  7:08 minute video

 *****See Footnote below

 

Followin is 12 minute long 60 Minutes segment

 

Wall Street Shadow Market

For more informative "facts of History"  CLICK HERE

 

Consumer Confidential     LA Times

AIG fiddles while Wall Street burns

A week at an OC spa can ease the pain of a bailout for callous, overpaid executives.

David Lazarus, Consumer Confidential
October 8, 2008


When the going gets tough, the tough get pedicures.

Just days after the federal government committed $85 billion of taxpayers' money to a bailout of insurance giant AIG last month, senior execs from the troubled company headed to Southern California's ultra-swanky St. Regis Resort in Monarch Beach for a week of wining and dining top salespeople.

"They had a conference here," resort spokeswoman Kristi Turek confirmed Tuesday, "but we don't get into details of what they did during that time."

As it happens, congressional investigators released AIG documents earlier in the day showing that the company paid more than $440,000 for the event, including nearly $200,000 for rooms, $150,000 for meals, $23,000 in spa charges and almost $7,000 for golf outings.


The post-bailout getaway for American International Group execs is just one of a series of jaw-dropping revelations to emerge this week about the behavior of some of the companies involved in the financial crisis.

Among other things we now know:

* AIG tried to hide negative information about its condition from auditors before the bailout plan took shape, according to documents obtained by Rep. Henry Waxman (D-Beverly Hills), who heads the House Oversight and Government Reform Committee.

* As early as March, regulators sent a letter to AIG warning the company about its lack of transparency and ability to oversee financial products.

* Just days before Lehman Bros. Holding Inc. filed for bankruptcy protection last month, the company altered its executive pay plan to give senior managers multimillion-dollar bonuses regardless of recent losses.

* Joseph Cassano, the Lehman exec in charge of the company's financial products division, received more than $280 million over the last eight years, according to Waxman. Even after he was shown the door in February, Cassano was placed on a $1 million-a-month consulting retainer.

"This is the new Enron," said Gonzalo Freixes, a professor at UCLA's Anderson School of Management who specializes in business ethics. "A lot of people probably thought we were past this kind of thing."

We aren't, as is becoming increasingly clear with each new peek under Wall Street's hood. AIG's St. Regis wing-ding is a classic example of the financial industry's misplaced priorities.

"Situated high on a bluff overlooking the majestic Pacific Ocean, stands a landmark resort of legendary proportions," St. Regis' website gushes. "Located midway between Los Angeles and San Diego, the Tuscan-inspired St. Regis Resort, Monarch Beach is devoted to the pursuit of service and elegance with a seamless blend of comfort and technology."

This is where you go right after hitting up taxpayers for $85 billion in cash?

An expense form for AIG's stay at the resort shows that most rooms booked by the company cost between $250 and $425 a night. The Presidential Suite, which normally goes for $3,200, was also booked for five nights.

Turek, the resort spokeswoman, said the nearly $500,000 spent by AIG "was a little above average" for a corporate group using the facility.

Joe Norton, an AIG spokesman, said the company's shindig had been incorrectly labeled an executive retreat by lawmakers and members of the media.

"It was not an executive retreat," he said. "It was a meeting to reward and incent independent sales agents."

As Norton described it, AIG had invited about 100 of its top salespeople to stay at the St. Regis for a week of meetings and motivational events -- and, as the company's invoice shows, thousands of dollars' worth of spa and salon amenities. Norton said only about 10 AIG senior managers attended the event, although he declined to identify them or to say whether former CEO Robert Willumstad was among the group.

"They were the level of people who participate in such discussions," Norton said, adding that resort holidays are "an industry practice to reward top producers."

Well, I have some new industry practices to propose.

First, it's clear that corporate boards can't be trusted to oversee matters of compensation and lavishing perks on the top brass, even when a company is teetering on the brink of collapse. It's time for lawmakers to take a crack.

The average CEO of an S&P 500 company pocketed $10.5 million in compensation last year, or 344 times the pay of a typical worker, according to a study by the Institute for Policy Studies and United for a Fair Economy. Thirty years ago, the average CEO made about 35 times what typical workers pulled down.

I fully support rewarding success. But not failure. So I propose that boards cap a CEO's base salary at no more than 10 times what the company's average employee makes. Bonuses and other incentives would come on top of that amount.

However, those bonuses, including stock options, would be forfeited if the company lost money or if the share price fell by more than, say, 20%.

Moreover, all golden-parachute payouts would similarly vanish if a CEO or other senior exec leaves a company amid any form of distress, like a bankruptcy filing, for instance.

If these guys are truly worth their multimillion-dollar paychecks, such performance-based compensation should be no problem.

If not, they have no business sitting in the corner office.

Corporate America needs some tough love. This is a unique opportunity for Congress and our next president to show that they have Wall Street's -- and the country's -- best interests at heart.

And if that results in a little less profit at the St. Regis spa, so be it.

 

US Bailout Profiteers

The Wall Street bailout looks a lot like Iraq — a "free-fraud zone" where private contractors cash in on the mess they helped create

See Rolling Stone 11-13-2008

On October 13th, when the U.S. Treasury Department announced the team of "seasoned financial veterans" that will be handling the $700 billion bailout of Wall Street, one name jumped out: Reuben Jeffery III, who was initially tapped to serve as chief investment officer for the massive new program.

On the surface, Jeffery looks like a classic Bush appointment. Like Treasury Secretary Henry Paulson, he's an alum of Goldman Sachs, having worked on Wall Street for 18 years. And as chairman of the Commodity Futures Trading Commission from 2005 to 2007, he proudly advocated "flexibility" in regulation — a laissez-faire approach that failed to rein in the high-risk trading at the heart of the meltdown.

Bankers watching bankers, regulators who don't believe in regulating — that's all standard fare for the Bush crew. What's most striking about Jeffery's résumé, however, is an item omitted when his new job was announced: He served as executive director of Paul Bremer's infamous Coalition Provisional Authority in Baghdad, during the early days of the Iraq War. Part of his job was to hire civilian staff, which made him an integral part of the partisan machine that filled the Green Zone with Young Republicans, investment bankers and Dick Cheney interns. Qualifications weren't a big issue back then, because the staff's main function was to hand over stacks of taxpayer money to private contractors, who were the ones actually running the occupation. It was this nonstop cash conveyor belt that earned the Green Zone a reputation, in the words of one CPA official, as "a free-fraud zone." During Senate hearings last year, when Jeffery was asked what he had learned from his experience at the CPA, he said he thought that contracts should be handed out with more "speed and flexibility" — the same philosophy he cited back when he was in charge of regulating Wall Street traders.

The Bush Administration has since reversed the Jeffery appointment, perhaps thinking better of giving a CPA alum such a central role in the Wall Street bailout. Still the original impulse underscores the many worrying parallels between the administration's approach to the financial crisis and its approach to the Iraq War. Under cover of an emergency, Treasury is rapidly turning into an economic Green Zone, overrun with private companies collecting lucrative contracts. Fittingly, one of the first to line up at the new trough was none other than the law firm of Bracewell & Giuliani — yes, that Giuliani. The firm's chairman, Patrick Oxford, could scarcely conceal his glee over the prospect of cashing in on the bailout. "This one," he told reporters, "is very, very big." At least four times bigger, in fact, than the post-9/11 homeland-security bubble, from which Giuliani and his various outfits have profited so extravagantly. Even bigger, potentially, than the price tag for the Iraq War itself.

In Iraq, the contractors were tasked with reconstructing the country from the mess made by U.S. missiles. After years of corruption born of no-bid contracts and paltry oversight, many Iraqis are still waiting for the lights to come back on. Today, a new team of contractors is lining up to reconstruct the U.S. economy — reconstruct it from the mess made by the very banks, brokers and law firms that are now applying for contracts. And it's not at all clear that America can survive their assistance.

See if any of this sounds familiar: As soon as the bailout was announced, it became clear that Treasury officials would hire outsiders to perform their jobs for them — at a profit. Private companies wanting to help manage the bailout were given just two days to apply for massive, multiyear contracts. Since it was such a mad rush — after all, the entire economy was about to implode — there was no time for an open bidding process. Nor was there time to draft rigorous rules to make sure that those applying don't have serious conflicts of interest. Instead, applicants were asked to disclose their conflicts and to explain — and this is not a joke — their "philosophy in fulfilling your duty to the Treasury and the U.S. taxpayer in light of your proprietary interests and those of other clients." In other words, an open invitation to bullshit about how much they love their country and how they can be trusted to regulate themselves.

The first major contract to be awarded in the bailout was for legal advice — and the choice Treasury made was Halliburton-esque in its audacity. Six law firms were invited to bid, but four declined, either because they didn't want the contract or because they had too many conflicts of interest. Rep. Barney Frank, chairman of the House Financial Services Committee, said the fact that so many law firms chose not to bid "shows that the guidelines are sufficiently rigorous."

Or it may just show that the bidder who won the contract — Simpson Thacher & Bartlett — takes a more relaxed approach to conflicts than its colleagues. The law firm is a Wall Street heavy hitter, having brokered some of the biggest bank mergers in recent years. It also provided legal support to companies trading mortgage-backed securities — the "financial weapons of mass destruction," as Warren Buffett called them, that detonated the banking industry. More to the point, it was hired to provide legal services to the Treasury in its negotiations to spend $250 billion of the bailout money purchasing equity in America's banks. The first stage of the plan involves buying stakes in nine of the country's top banks. Incredibly, Simpson Thacher has represented seven of the nine: JPMorgan, Bank of New York Mellon, Bank of America, Citigroup, Morgan Stanley, Goldman Sachs and Merrill Lynch.

According to its contract, Simpson Thacher has agreed not to represent any of the banks "against the U.S." when they negotiate with Treasury for the equity money. However, the firm has retained the right to represent banks when they apply for other parts of the $700 billion bailout not covered by its contract. (It has promised to erect a "firewall" to stem the flow of "confidential information" to those clients.) The firm will also continue to work for the banks on a range of other lucrative deals — and that's where the problem lies. Take Lee Meyerson, Simpson Thacher's lead lawyer on the bailout negotiations, who is specifically named in the contract as "essential" to the project. As the company's hotshot attorney, Meyerson has personally represented three of the nine banks that were bailed out in the first round, in addition to many others that will surely apply for cash injections. One of the bailed-out banks is Bank of New York Mellon, whose $29 billion merger Meyerson helped negotiate. Mergers like that can bill in the millions. Is Simpson Thacher able to put aside its loyalties to its biggest clients and negotiate deals for the taxpayer that could exact real costs from those very clients?

It might be possible to set aside concerns about divided loyalties if it were clear that Simpson Thacher is helping Treasury to wrangle the best deals possible for U.S. taxpayers. But the firm's first test — the deal to give $125 billion to the nine big banks to ease the "credit crunch" that is crippling the economy — wasn't exactly reassuring. Secretary Paulson promised that the banks won't just "hoard" the money — they will quickly "deploy it" through the economy in the form of badly needed loans. There is just one hitch: Neither Paulson nor Simpson Thacher got that "deploy" part in writing — nor did they put in place any mechanism to require the banks to spend their taxpayer billions. Apparently, the part about lending the money to homeowners and small businesses was sort of implied.

"There is no obligation for banks to lend the money one way or the other," Jennifer Zuccarelli, a Treasury spokeswoman, tells Rolling Stone. "But the banks have the understanding" that the money is intended for loans. "We're not looking to control their operations."

Unfortunately, many of the banks appear to have no intention of wasting the money on loans. "At least for the next quarter, it's just going to be a cushion," said John Thain, the chief executive of Merrill Lynch. Gary Crittenden, chief financial officer of Citigroup, had an even better idea: He hinted that his company would use its share of the cash — $25 billion — to buy up competitors and swell even bigger. The handout, he told analysts, "does present the possibility of taking advantage of opportunities that might otherwise be closed to us."

And the folks at Morgan Stanley? They're planning to pay themselves $10.7 billion this year, much of it in bonuses — almost exactly the amount they are receiving in the first phase of the bailout. "You can imagine the devilish grins on the faces of Morgan Stanley employees," writes Bloomberg columnist Jonathan Weil. "Not only did we, the taxpayers, save their company...we funded their 2008 bonus pool."

It didn't have to be this way. Five days before Paulson struck his deal with the banks, British Prime Minister Gordon Brown negotiated a similar bailout — only he extracted meaningful guarantees for taxpayers: voting rights at the banks, seats on their boards, 12 percent in annual dividend payments to the government, a suspension of dividend payments to shareholders, restrictions on executive bonuses, and a legal requirement that the banks lend money to homeowners and small businesses.

In sharp contrast, this is what U.S. taxpayers received: no controlling interest, no voting rights, no seats on the bank boards and just five percent in dividend payouts to the government, while shareholders continue to collect billions in dividends every quarter. What's more, golden parachutes and bonuses already promised by the banks will still be paid out to executives — all before taxpayers are paid back.

No wonder it took just one hour for Paulson to convince all nine CEOs to accept his offer — less than seven minutes per bank. Not even the firms' own lawyers could have drafted a sweeter deal.

The day after it met with the nation's top banks, Treasury announced that it had selected the firm that would receive the juiciest contract of all: that of "master custodian." The winning company will be to the bailout what Halliburton is to the military: the contractor of contractors. It will purchase toxic debts from Wall Street, service them and auction them off in the future — a so-called "end-to-end process." The contract is for a minimum of three years.

Seventy firms applied for the gig; the winner was Bank of New York Mellon. Describing the scope of the megacontract, bank president Gerald Hassell said, "It's the ultimate outsourcing — because the Federal Reserve and the Treasury do not have the mechanics to run the entire program, and we're essentially the general contractor across the entire program. It's going to cross our entire company."

This raises an interesting point: Has the Treasury partially nationalized the private banks, as we have been told? Or is it the other way around? Is it Treasury that has been partially privatized by Wall Street, its massive rescue plan now entirely in the hands of a private bank it is directly subsidizing?

Shortly after receiving the contract, Hassell told investors that his institution is now well-positioned to profit from the market meltdown. "There's a lot of new business that's going on even in this chaotic marketplace," he said, "and so some of those things have been very positive to us." Just how positive, we don't know, because Treasury has blacked out the 10 lines of the "master custodian" contract that reveal how much Bank of New York Mellon will be paid. Though Treasury says it will release the information eventually, the secrecy goes beyond anything the Bush administration attempted in Iraq. Even Halliburton's dodgy contracts came with price tags attached.

Still, when the terms of the contract do become public, they may turn out to be surprisingly modest. Goldman Sachs has apparently offered to fulfill at least one bailout contract for free. Altruism may not be their only motivation. The real money at stake in the bailout lies not in payment for the work but in how the work is done. Think about it: If you're the one selling your debts to the government, wouldn't you also want to help decide which debts are eligible and how much they're worth? "The financial firms with assets to sell are in many instances the same firms the Treasury will rely on to value and manage the assets it is buying," The New York Times observed. "That is an invitation for these firms to set the price too high or to indulge in other mischief at the taxpayers' expense."

Bank of New York Mellon has a bad record for mischief. It is embroiled in a $22.5 billion money-laundering lawsuit in Moscow and has been forced to pay out a $14 million settlement in a related case. Though the bank's "master custodian" contract with Treasury prohibits unethical conduct, the arrangement seems rife with opportunities for abuse. According to its most recent earnings report, Bank of New York Mellon holds $1.2 billion in subprime mortgage securities. That means that in addition to the $3 billion it will receive as part of the equity program, it will also be eligible to apply for taxpayer money from the program it is being paid to administer. Neither the bank nor Treasury would comment on this direct conflict of interest.

On the same day that he allocated the first $125 billion to the banks, Secretary Paulson announced the largest federal budget deficit in U.S. history. Buried in his statement was a preview of the next phase of the financial disaster. The deficit numbers, he declared, reinforce the need to "pursue policies that promote economic growth and fiscal responsibility, and address entitlement reform." He was referring to Americans who feel entitled to receive Social Security in their old age and Medicaid when they are sick. Those programs, Paulson implied, might not be able to survive the budget crisis he is currently creating for the next administration.

This is why the stakes of the bailout are so high: Unless we get a good deal, there will be nothing left over after the banks are done feeding to pay for the meager services now provided in exchange for taxation, let alone for the more ambitious initiatives promised on the campaign trail. The spiraling cost of saving Wall Street from its bad bets is already being used as an excuse for why we can't solve our many other crises, from health care to climate change.

There is a better way to fix a broken financial system. Treasury's plan to buy up the toxic debts never made sense and should be immediately scrapped — a move that would also handily get rid of most of the crony contractors. As for purchasing equity in banks, the next round of deals — and there will be more — has to start from the premise that the banks are bankrupt and will therefore accept whatever terms we choose to impose, including real regulatory oversight. The possibilities of what could be done if a chunk of the banking system were genuinely under public control — from a moratorium on home foreclosures to mandatory investment in green community redevelopment — are limitless.

Because here is what George Bush and Henry Paulson are hoping we won't figure out: When a society no longer has enough money to pay for its most pressing needs, there are worse things than discovering you own the banks.

Hopefully, this is not the end – we have a choice…….

 

Fed grants AIG  $37.8 billion loan + its $85B bailout money

From the Associated Press

3:27 PM PDT, October 8, 2008

 

CHARLOTTE, N.C. -- The Federal Reserve today agreed to provide insurance giant American International Group Inc. with a loan of up to $37.8 billion, on top of one made to the troubled company last month.

Under the new program, the Federal Reserve Bank of New York will borrow up to $37.8 billion in investment-grade, fixed income securities from AIG in return for cash collateral. These securities were previously lent by AIG's insurance company subsidiaries to third parties.

The arrangement will help AIG secure funds on an as-needed basis, the New York-based insurer said in a statement.

As of Monday, about $37.2 billion of securities were available for loans under AIG's securities lending program.

On the brink of failure last month, AIG was bailed out when the government offered it an $85 billion loan during the ongoing credit crisis that saw Lehman Brothers Holdings Inc. file for bankruptcy protection and the sale of Merrill Lynch & Co. to Bank of America Corp. In return for the two-year loan, the government received warrants to purchase up to 79.9 percent of AIG.

As of Sept. 30, AIG had drawn $61 billion on the credit facility, of which about $54 billion has gone toward its securities lending and AIG's financial products area. The rest of the money has been for other liquidity needs amid an "unprecedented" freezing of credit markets, Chief Executive Edward Liddy said last week.

Last week, AIG said it would sell off a number of business units to pay off its massive government loan. The company didn't specifically disclose all the assets it would sell or the expected prices from the sales. However, the New York-based insurer said it plans to retain its U.S. property and casualty and foreign general insurance businesses, and also plans to retain an ownership interest in its foreign life insurance operations.

Shares of AIG closed down 32 cents, or 9.1 percent, to $3.19 in trading Wednesday.

 


What is a Billion Dollars?

Here is a million:
$1,000,000.00

Here is how many million it takes to equal $1 Billion:

$1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00

Sub total= 100,000,000 (we are now at one-hundred million. Let's continue)

$1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00


Sub total= 200,000,000 (we are now at two-hundred million. Whew, on we go.)
$1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00


Sub total= 300,000,000 (Three hundred million...>>>>>>>>> )
$1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00


Sub total= 400,000,000 (Four-hundred million... don't miss the analysis to come.)
$1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00


Sub total= 500,000,000 (Five-hundred million. Half way there.)
$1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00


Sub total= 600,000,000 (Six hundred million... come on stick with me here.)
$1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00


Sub total= 700,000,000 (Seven-hundred million...deep breath)

$1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00


Sub total= 800,000,000 (Eight-hundred million)

$1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00

Sub total= 900,000,000 (900-hundred million done.)
$1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00 +1,000,000.00

Total= 1,000,000,000  
Ah! $1 Billion... one-thousand million is a billion.


Journalist and politicians would have you believe that a Billion is just a “B” rather than a “M”. Maybe they don't understand.






What's a trillion dollars?

A trillion dollars = $1,000,000,000,000.

That's 12 zeros to the left of the decimal point. A trillion is a million million dollars.

The U.S. government spends more than the entire Gross Domestic Product (GDP) of Australia, China and Spain combined. If you laid one dollar bills end to end, you could make a chain that stretches from earth to the moon and back again 200 times before you ran out of dollar bills! One trillion dollars would stretch nearly from the earth to the sun. It would take a military jet flying at the speed of sound, reeling out a roll of dollar bills behind it, 14 years before it reeled out one trillion dollar bills.

What is frightening is that government will continue to grow in America unless citizens prevent it. If government stays on the course it's been on for the past forty years without a radical change, the federal government will have a $10 TRILLION Dollar annual BUDGET by the year 2010.

Foolish politicians make pronouncements about the strength of the economy. The total debt obligation of the United States now exceeds 46 TRILLION DOLLARS plus recent bailout (Oct 2008) of 700 billion+.

American workers now net almost 30 percent less in real wages than they did in 1973. After taxes, two paychecks in a family barely equal the purchasing power one had thirty years ago.

NOTE: Every time the Government prints more money the value of the dollars in your pocket will buy less and less.................. We need a ( $425, 000 or more) stimulus just like the big Wall Street, Mortgage and Insurance Co got their 700Billion dollars STIMULUS!!!

 

****** FootnoteThis video is registered with YouTube. com and other video web sites as a comedy, a political satire in the humor of the much noted TV personality Jon Stewart of thedailyshow. com. A video, hopefully, to make you think and take action!  In reality it would require 950 billion dollars  to give every one of our 200 million US Citizen 18+ a $425,000 stimulus. Compare this to the cost of WAR calculator below.  The US Government would be getting approximately ­­­300 billion back in taxes.  In the last 90 days our US Government is preparing to spend over 1.8 Trillion (about half our stimulus) BAILING OUT Wall Street, Banking Industry, Mortgage Co’s, Insurance Co and the Financial Industry.  If you have watched the 60 minute segment “Wall Street Shadow Market” video above you have discovered that the bailout amount could equals 60 Trillion dollars or more because of the insured??? “Credit Default Swaps”.   A trillion dollars is a million million.  Our $425,000 stimulus is small compared to what the big Corporations are getting.  This humorous comedy political satire video’s intent is to bring about improvement thru citizen awareness.  This $425,000 per US Citizen STIMULUS could be a “dream come true” if enough citizens want it!

 

      The US Governement invaded Iraq March 20, 2003 and it a fact that on the low end the cost of this war is 1.8 TRILLION Dollars which is one half of the amount needed to give each US Citizen 18+ a Stimulus of $425,000 each!!!   The high end cost of this war is over 6 TRILLION dollars....

 

Iraqi Death Toll from 3-20-2003 thru 11-1-2008

 

                US Service Personal             4,050        (320,000 wounded)

                Iraqi Civilians                     96,976        (wounded unknown)

 

Total Human Family loss  101,026   

 

        Question 4 U:  War or Stimulus?                            

 

.For more informative "facts of History"  CLICK HERE

 



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Are you for or against the $85,000,000,000.00  bailout of AIG Insurance Co (or any other US bailout)?

 

 

So what do ya think?  Email us at support@worldpeaceflag.org