Posted on 12/17/2008 8:47:28 PM PST by Sammy67
Doing the kind of investigative reporting we should expect from the major media, a financial research and consulting firm has released a major analysis of the “credit crisis” that concludes that the claims made by Treasury Department Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke to justify a socialist takeover of the financial industry were demonstrably false.
The analysis, Flawed Assumptions about the Credit Crisis: A Critical Examination of US Policymakers,concludes that the result of the unjustified massive federal intervention in the economy could be similar to the economic crisis in the Weimar Republic of 1922, where disastrous hyperinflation made the currency worthless and threatened the nation’s political system and stability.
The analysis was released by Celent, a Boston-based firm that provides independent information and advice to financial services companies. The 30-page report, made available to Accuracy in Media, does not accuse Paulson and Bernanke of lying about the “credit crisis.” But it does say that “It is startling that many of Chairman Bernanke’s and Secretary Paulson’s remarks are not supported or are flatly contradicted by the data provided by the very organizations they lead.”
Using charts and graphs of data from the Federal Reserve and other agencies, the Celent study says that statements from Paulson and Bernanke about a “credit crisis” affecting businesses, real estate, banks, and state and local governments were just not true.
The report says there is “a contradiction” between what Paulson and Bernanke have said and the reality of the situation as demonstrated in the official data. It calls these “discrepancies” and says that some of their remarks are “puzzling.”
Asked for comment on why he was able to uncover this information while
(Excerpt) Read more at familysecuritymatters.org ...
bump for later
Ping for tomorrow
Ping
manufactured crisis
Hmmm...
L
bump for after I go and get lots of tin foil.
me too
We’re being taken over.
Later
pop
Greedy International Bankers, One Worlders pushing conservatives over a cliff, phony and corrupt leaders calling us smelly and stupid. We are all chumps.
Bump
Didnt the government also blow of the World Trade Towers on 9/11 ?
manufactured crisis
Hmmmm...perfect timing; and as Rahm says, an opportunity that should be taken advantage of. Interesting!
The dollar has fallen more in the past 7 days than in any prior 7 day period--in history.
That lack of trust could take a generation to repair, if it ever occurs.
We now live in a society where it is every man for himself.
Take care of your own family and to hell with everyone else. That is the message being sent loud and clear.
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