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Posts Tagged ‘Citigroup’

Marxism USA

by Phantom Ace ( 67 Comments › )
Filed under Barack Obama, Economy, Liberal Fascism at June 1st, 2009 - 9:06 am

Thexism, Barack Obama world is upside down when Pravda, the former voice of  communism in Russia is now shocked that America is going down a road they rejected!

American capitalism gone with a whimper

It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.

True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.

Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters.

This is unbelievable. The Russians see what is going on here, but unfortunately most Americans don’t care, or are too blind to. Here are two examples of what is happening.

GM Files for Bankruptcy Protection

DETROIT — General Motors Corp. filed for Chapter 11 bankruptcy early Monday, marking the humbling of an American icon that once dominated the global car industry and setting up a high-stakes gamble for U.S. taxpayers. (See the Chapter 11 filing.)

Government run car companies, does the Trabant ring a bell?

Citigroup Stuck With Bernanke Offer Rival Banks Plan to Refuse

June 1 (Bloomberg) — When financial stocks slumped in February to the lowest level in at least 17 years, U.S. Federal Reserve Chairman Ben S. Bernanke told Congress the government might end up owning “substantial” stakes in the country’s biggest banks.

Three months later, New York-based Citigroup Inc. may be the only large bank that has to accept his offer.

Government run banks, car companies… and who knows what else is coming.  How ironic it is that only twenty years after the end of the Cold War, it is Russia and China who are now the capitalists while America and Europe are Marxist. The world is turned upside down.

Feds to might buy 40% of Citigroup

by Phantom Ace ( 3 Comments › )
Filed under Economy at February 22nd, 2009 - 10:38 pm

This is shocking but not a surprise. The US Gov was going in this direction.

U.S. Eyes Large Stake in Citi

Citigroup Inc. is in talks with federal officials that could result in the U.S. government substantially expanding its ownership of the struggling bank, according to people familiar with the situation.

While the discussions could fall apart, the government could wind up holding as much as 40% of Citigroup’s common stock. Bank executives hope the stake will be closer to 25%, these people said.

This crisis seems to be an excuse to have total governmnet control of the economy. This happened before, in Argentina. That didn’t turn out too well.