The 750 Billion Bailout Upwardly Redistributes the Wealth to Elites. Bailouts Are One of Many Ways Big Business Conspires With Government to Keep the Masses Enslaved.

The 750 billion bailout for finance and securities may rise to $1 trillion before long.

The same bankers and securities brokers who created the crisis, benefit from bailouts. Americans are once again gouged by the global elite.

They lent to people who would not be able to pay their loans once interests rose, and the U.S. Government Department of Housing and Urban Development (HUD) was complicit.

It was a bad risk, but Wall Street brokers and bankers knew that the federal government would step in to bail them out no matter who was in the White House.

These companies, their bosses and their employees, give big bucks to both parties.

Finance and securities was the corporate sector with the largest total shares in support to the winning campaign of Barack Obama, according to information from the Federal Elections Commission.

Five of these companies have already thanked congressional leaders and banking committee members in both the House and the Senate.

This was done through contributions to their future campaign war chests, summing $85,000 in January and February 2009 according to  Newsweek.

AIG, the insurance giant, used over half of its $160 million in taxpayer funds to pay off U.S. and European banks’ insurance claims on bad mortgages that provoked the bailout, despite the fact that many of these banks had their own slice of bailout pie.

Meanwhile, no bailout is coming for the 174,000 Americans facing foreclosure.

Tax Dollar Give Away

The initial part of the 750 billion bailout was a no strings attached handing over of money to the banks.

Obama said he was going to put strings on the rest, including caps on executive salaries.

The bankers on his economic team however, say they will get around any restrictions to let the free market rules apply.

That is exactly what caused this mess in the first place.

The details for this bailout have still not all been ironed out, and the longer it drags on, the worse it will get.

What is to be Done

The 750 billion bailout means the United States now owns a majority share in many of these finance and banking institutions as part of the funds have been purchasing much of the equity in these companies.

The country should take them into FDIC receivership.

The merging of state and banking is one of the pillars of communism, taken directly from Karl Marx’s communist manifesto.

The collapse of the banking system was engineered by a criminal banking cabal, whose influence on the white house enabled the unconditional funneling of tax money to the banks.

Trickle Up Economics

In the end, the 750 billion bailout is going to transfer the worst of the debts to the federal government as socialized losses, allowing the companies to be free of the losses and seek business as usual, i.e. continued parasitic preying on the general population.

Meanwhile, it is the poor and working people who were given the loans who could never have paid back in market conditions that are losing their homes and other assets.

Their credit is getting ruined and many are being forced to seek shelter where they can.

The American dream is a myth, designed to provide elusive hope to working people and blind them to the fact that the dominant economic system in the United States and on Earth is geared to upwardly distribute wealth to the rich.