Posted on 10/08/2008 10:57:02 AM PDT by dvan
Wall Street in Crisis
by Gary Kah
On September 15th, Lehman Brothers, one of this nation’s oldest and most prestigious banking firms filed for Chapter 11 bankruptcy. This represents the largest financial failure in U.S. history and will produce enormous ripple effects. It will impact our economy and markets more than any of the other negative financial developments of the past year. Why? Lehman owed its creditors a staggering $613 billion. Those parties will now be unable to regain their funds, nor spend or invest them elsewhere in the economy. The money has evaporated!
The Feds balked at rescuing the financial giant. They didn’t have the funds available. They had just bailed out Fannie Mae and Freddie Mac to the tune of $200 billion the week before. Our government has also stepped in with $85 billion to save AIG (American International Group) – America’s largest insurer – which was nearing bankruptcy. After helping AIG the Feds may have few resources left to channel elsewhere. The pot is drying up!
The fact is our government is almost as broke as the institutions it is trying to assist. It is in no position to help. The obvious next question is, “Who will bail out the U.S. Government when it goes broke?”
Once the current system has become completely undone, I believe a new system will be proposed as the solution. It will include some form of global government based on regional economic arrangements, similar to the European Union and the proposed North American Union. Global planners have long understood there can’t be a new one-world system until the old order has failed. Developments in the U.S. will most certainly impact the entire world.
(Excerpt) Read more at garykah.org ...
I wouldn’t be surprised. We’re trending towards that. It’s probably in Revelations.
Nah. Dick Fuld spent it on upgrades to his house in Florida.
Man's gotta have a nice house, you know? Otherwise his friends will think he's a slacker.
The “NAU”
This Wall Street Crisis is Dr. Robert Pastor’s Ultimate Dream.
Proponants of the NAU/NWO/SPP said it would take one great event (terrorist attack, etc) for people to be begging for a *change*. That *change* will be the NAU.
It's what the President wants. It's what the 2 presidential candidate want. It's what the CFR wants. It's what all Socialists want to happen.
Here's a little site to help us get use to the *change*.
ought oh. The last I heard about this is that it would happen after they create a financial crisis so grave, that we can be hoodwinked into this idea.
I really want to be wrong.
The 10 heads being the 10 countries/kingdoms/economic partnerships under the anti-christ.
That’s why I said probably. How do you know the 10 heads are 10 countries, and not 10 kings? 10 Religions? 10 armies?
There’s a little problem tho. There’s an example of a non-democratic multi-national “union” that was shoved down people’s throats - a new currency, new bank laws, you name it.
It is called the European Union.
And if you read the German business press right now, you’ll see that the EU is close to coming apart at the seams. Right now, nations in the EU are not looking to the ECB and their common currency for solutions. They’re playing old, nationalistic solutions - it is “every man for himself.”
So the people that would push a “North American Union” would be talking about Canada, the US and Mexico. Mexico is a basket case. The US has a huge whoppin’ debt. Canada has a strong economy and an even stronger currency.
The Canadians would have to be hornswoggled into buying into a “NAU” — and given their current government, I don’t see that happening.
So we’re left with a “union” between the US and Mexico. There’s no advantage to either country in that deal.
This will be a very lonely thread. They always are, because people just refuse to think this is a possibility.
There's a whole lot of Liberal/Socialists in Canada and their *present* gov signed off on the SPP initiative. http://www.spp.gov/pdf/leaders_statement_2007_english.pdf
Not that it will be funny but, We will get the last laugh.
I am listening to Paulsen now. If you listen to the language he uses, well...you can’t miss where this is leading.
The headline had me wondering what Northern Arizona University had to do with the crisis on Wall Street.
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