Posted on 02/11/2009 10:55:18 AM PST by TruthHound
By whom?
An engineer, obviously.
EXACTLY. Thank you. You’re one of the thousands I just described. You understood that you might be exposed to the Lehman melt-down and while you didn’t know if you were going to suffer as a result of Lehman’s collapse, you didn’t know how much exposure you might have, you were taking no chances.
Sell first, ask questions later. And Geo. Soros was nowhere in sight.
Perhaps this is why Wells Fargo has been saying that we’ll be 10-15 year to get back to where we were pre-2008.
Ok I have been doing a little research and I posted some other articles one was The Chance for a New World Order I found in the Herald Tribune written by Henry Kissinger so I started looking at connections between Kissinger and Soros and oh man what I found! Not only those two but connections to Clinton, etc. check these out what do you think?
URL Source: http://www.iht.com/articles/2009/01/12/opinion/edkissinger.php
http://www.questionsquestions.net/docs04/engdahl-soros.html
http://www.aim.org/aim-column/the-big-money-behind-geithner/
http://theendrun.wordpress.com/2009/01/27/clinton-quigley-and-the-new-world-order/
19 posted on Wednesday, February 11, 2009 1:30:13 AM by FromLori (FromLori)
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This thing can happen again. If Obama keeps running around yapping about doom and gloom, investors may again panic and seek a safe haven in gold, Euros, oil (remember $147/bbl?), etc. Panic is NOT good in financial markets.
Isn’t this Reform Institute the one that gave the $500 million to William Ayers?
Egads! Is there something in the stimulus bill to ban all forms of unregulated engineering???
Thanks. But... George Soros is NEVER in sight. But he is far too important to not have been aware. This is his game and he understands it very well.
I heard Glenn Beck talk about this on his morning radio show. Regardless of the cause, when you think about what could of happened if the intervention did not work, has to make you shudder with fear. It would of been a disaster beyond all magnitude.
I’m not sure, but nothing would surprise me.
Question: Who made the run on the banks and why? Thought I saw Bawney Fwank’s name connected with this......
ping
This information on the Soros McCain connection is just one of the reasons I will never vote for McCain. Anyone who could be cozy with these people is someone I don't want anywhere near our government.
2001/00/00 McCain founded the Reform Institute funded by George Soros' Open Society Institute, Teresa Heinz Kerry's Tides Foundation, several other non-profits. CapnsQtrs Malkin WND Contains information on Juan Hernandez and numerous McCain Campaign staff from 2000, that found potitions at the Reform Institute Contains information on who funded McCain's efforts on Campaign Finance Reform, Comprehansive Immigration Reform and a number of Global Warming bills listed in this timeline
Exactly right — I forgot to include the reference to “musical chairs” - but that describes the downside liability in this situation very, very well.
I completely agree that it can happen again. With the economic numbers coming out of Asia, and the lack of confidence in TurboTax Timmy’s “plan” — Yes, we’re primed for another such run. No doubt in my mind.
I’ll go on the record here and say that if we break below 770 on the SP500 soon, we’ll see a BIG downdraft - probably into the mid-600’s - in a matter of a few days, and it will be the result of panic.
If such a downside break happens, investor confidence in the people who keep yammering about “buy and hold” will be forever crushed under the weight of the losses, and it will be more than 10 years before we regain the highs of 2007.
The Boomers are looking at their home equity vanish at the same time their 401k/IRA is plunging in value. At some point, they’re going to break and pull all their money out of the market. Their time horizon (ie, retirement close at hand) does not allow them to get back into this type of market. They’re going to pull their money out and stay out - for the rest of their lives.
Yep, I can not disagree.
I sure hope there are those out here clever enough to know where and how to dig after the facts...and put them out for the public to read....hanging would be too good for those who are found to be responsible for this mess...the bringing down of our wonderful nation....she may have a few warts, but darn it, compared to the rest of the commie/marxist, socialist countries of the world, run by their sleazeball, corrupt dictators...she is heaven on earth....and there are those breathing free air who are responsible for giving her an almost fatal wound...it remains to be seen if or how she will ever recover...especially with cohorts running our gov. now. There surely must be a special fate awaiting those responsible for causing all the pain and turmoil brought about by their actions.
Powerful enough to cover up an Usurper in the White House, Barak Obama is NOT a constitutional POTUS.
George is probably making another pass on the UK Pound. The UK is near insolvency as it stand now. Have a look at the UKP vs the USD. Perfect trade for Soros - again.
Here is a link to the C-SPAN video on YouTube.
Here is a verbatim transcript of Rep. Paul Kanjorski (D-PA), Capital Markets Subcommittee Chairman, speaking on C-SPAN, February 6, 2009.
On Thursday [9/11/08*], at about 11:00 o'clock in the morning, the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States, to the tune of $550 billion...was being drawn out in a matter of an hour or two.The Treasury opened up its window to help. They pumped $105 billion into the system, and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts, and announce a guarantee of $250,000 per account so there wouldn't be further panic out there. And that's what actually happened. If they had not done that their estimation was that by two o'clock that afternoon, five-and-a-half trillion dollars would have been drawn out of the money market system of the United States, would have collapsed the entire economy of the United States, and within 24 hours the world economy would have collapsed.
Now we talked at that time about what would happen if that happened. It would have been the end of our economic system and our political system as we know it, and that's why, when they made the point we've got to act and do things quickly, we did.
You know, we're not any geniuses in economics or finances on the Hill, we're representatives of the people. We ought to take our time, but let the people know this is a very difficult struggle. Somebody threw us into the middle of the Atlantic ocean without a life raft, and we're trying to determine what's the closest shore, and whether there's any chance in the world to swim that far. We don't know.
*NOTE: In the video, Kanjorski says this occurred "about September 15th," and then says that the beginning of the problem occurred on "Thursday." The 15th was a Monday, but the previous Thursday was September 11, 2008.
I observed the same, never saw him shaky like that.
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