[Publius]

The Panic of 2008 occurred when there was an international shortage of dollars. The US dollar is the reserve currency of the world, the US T-bill is the collateral of the world banking system, and thanks to a combination of the fall in housing prices and Goldman Sachs shorting its own mortgage-backed securities, the world was short of dollars.

The story at the time is that both the Dubya and Obama administrations offered one or more cartels the opportunity to launder money through American banks without having to worry about money laundering laws. This would provide the dollars necessary to lubricate the international banking system and stave off global financial collapse.

I suspect there was a quid pro quo in that deal.

[little jeremiah]

A few from Trump this evening. First is a retweet, a short video of a black panther and spotted leopard (?) being friendly.... ??????

They are soooo beautiful and magnificent! ❤️❤️❤️❤️https://t.co/ISn5jo8CcD pic.twitter.com/JcMpQUzIml— ❄️ Life on Earth ❄️ (@planetepics) February 10, 2019

1 minute video explaining, head of HHS:

Americans pay 180 percent of what Europeans, Canadians, and Japanese pay for the exact same drugs!

Our seniors aren't going to foot the bill for free-riders abroad any longer, HHS Secretary Alex Azar says. pic.twitter.com/Zj3Bk8lsdE— The White House (@WhiteHouse) February 12, 2019

Retweeted:

President Trump's commitment to improving the quality of life for all Americans has led to the largest single decline in drug prices in 46 YEARS. https://t.co/nO0pRXgasS— The White House (@WhiteHouse) February 12, 2019

I want to thank all Republicans for the work you have done in dealing with the Radical Left on Border Security. Not an easy task, but the Wall is being built and will be a great achievement and contributor toward life and safety within our Country!— Donald J. Trump (@realDonaldTrump) February 13, 2019

Retweeted:

I don’t feel an ounce of empathy for all of the imbeciles who bought into the Russian collusion hoax now that it’s been entirely debunked. You were warned for over a year about this scam & you fell for it anyway. You did this to yourself.— Dan Bongino (@dbongino) February 12, 2019

[KitJ]

Thanks, Publius.

I am completely and assuredly ignorant when it comes to big finances.

That’s an interesting angle.

So much skullduggery in the markets (national and world) when the commies get their hands on the ship of state!

Keeps me out of the stock market. I’m more into investment metals - brass, copper and lead.

[buffaloguy]

There is also a report by the DOD that the 2008 blow out was a concerted attack, an organized run on our financial system.

I read the précis on Freerepublic. It disappeared within hours.

I have had the impression that some of the players ended up hanging upside down at a nice hotel in SA, attended by some very rough contractors.

[generally]

In a system like that, eventually there needs to be an “event” to cover the funny money losses. Conveniently, the “event” is almost never a crash (unless all the elite players have gotten out in time to leave us little people holding the bag).