Posted on 03/05/2011 11:31:30 AM PST by patriotgal1787
. . . . .
Nancy Morgan at American Thinker has a different take on the timing of our economic crisis, its cause, and its intended outcome. Was this "a very high stakes poker game with the prize being the White House?", one reader asked. Consider this:
In the summer of 2008 as McCain and Obama were in the midst of their campaigns to capture the presidency, a series of events dramatically changed the focus of the campaign from Iraq to the economy. From that point on, Obama took the lead and eventually won the presidency.A reader left this comment:Now, a full two years later, the Pentagon has issued a report on the series of events that led to the 2008 economic crash. Bill Gertz writes in the Washington Times:
"Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial systemNotable for its absence is any suggestion that the economic events that arguably catapulted Obama into the White House may have originated in our own political system."There is sufficient justification to question whether outside forces triggered, capitalized upon or magnified the economic difficulties of 2008," the report says.
Consider: The economic house of cards started tumbling on June 26, 2008, when Senator Chuck Schumer leaked a memo questioning the solvency of IndyMac bank. This memo precipitated a run on IndyMac which led to its failure. Federal regulators pointedly cited U.S. Sen. Charles Schumer, D-N.Y., in explaining the bank's failure. "The immediate cause of the closing was a deposit run that began and continued after the public release of a June 26 letter to the OTS and the FDIC from Senator Charles Schumer of New York."
As I wrote in February of 2009 this event, coupled with the Lehman Brothers collapse in September, marked the beginning of the current economic meltdown and provided the environment that enabled Barack Obama to focus on the economy instead of his position on Iraq - and, not incidentally, resulted in his election as President.
For the last two years, the media has neglected to connect the dots regarding the strange gyrations in our financial markets that started in the summer of 2008. After Schumer caused the run on IndyMac in June, the government moved in:
July 12, 2008: The federal government takes control of the $32 billion IndyMac Bank. *
* Six months later, Jan 2, 2009, a seven-member group of investors agreed to buy the remnants of failed lender IndyMac for $13.9 billion. Other investors included a fund controlled by billionaire George Soros' Fund Management.
Sept. 6, 2008: Fannie Mae begins its downward spiral, which will end with a crash in November. This crash was avoidable, as the problems with Fannie Mae and Freddie Mac were identified in June of 2006, when 15 Republicans on the Senate Banking Committee introduced legislation to address the problem. Democrats, led by Barney Frank, killed the reform efforts.
Sept. 15, 2008: Obama and McCain are virtually tied in their race for the presidency. Out of no-where, in the space of less than 2 hours, the Federal Reserve noticed a tremendous drawdown of money market accounts in the U.S. to the tune of $550 billion. Rep. Paul Kanjorski of Pennsylvania said that if authorities had not closed the banks, $5.5 trillion would have been withdrawn from US banks, which would have caused the collapse of the US within 24 hours.
This seminal event marked the ascendancy of Obama's candidacy, and arguably resulted in his election as president.
Fast forward to February of 2009:
The markets reacted to Obama's proposal to bail-out mortgages and Senator Christopher Dodd's talk of nationalizing banks by reaching 11-year lows.
Obama continues to stoke the fears of imminent crisis, actually using the word 'crisis' a total of 26 times in one speech.
Enter George Soros. The infamous one-worlder, billionaire George Soros adds his voice to the media doomsayers by opining that the world financial system has effectively disintegrated, adding that there is yet no prospect of near-term resolution to the crisis.*
The series of 'inadvertent errors', deliberate obstruction, political shenanigans, behind the scenes manipulation of the money markets and non-stop calls for immediate infusions of taxpayer cash brought the U.S. to its knees by February 2009. And continues to this day.
The newly issued Pentagon report, along with the media and our elected officials, seem intent on not connecting the dots, considering only foreign enemies as the possible cause of the financial meltdown:
Suspects include financial enemies in Middle Eastern states, Islamic terrorists, hostile members of the Chinese military, or government and organized crime groups in Russia, Venezuela or Iran. Chinese military officials.
This author believes there is enough information to at least consider that this crisis was manufactured for political gain. Right here at home.
***
Although I live in NC, originally I'm from NY and I know what a cockroach Schumer is. I thought at the time that his leaking of the financial report on Indy Mac was just too correctly timed.More comments to this article can be read at American Thinker.Before the 2008 election I knew what a dangerous and devious man Soros was and is. I couldn't understand how it was that our political leaders couldn't see this and take action. Eventually I began to realize that they're all together in a little clique that thinks it know better than we.
I think that as more information comes out, we will realize that enemies from without, such as Soros, the nations of China, Russia and others, along with those here within; our media, the bureaucracy and the Democrat party, aided by the useful idiots in the Republican party, caused and fed our collapse for their own ends.
The question remains, will enough people wake up to fight back and save America or will we look back in sorrow at what we lost?
[youtube=http://www.youtube.com/watch?v=TG64jaKDNL8]
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I don’t care who you are, this is funny.
I was eating lunch today with my 10 year
old grandson when his mom asked him “What
is tomorrow?” He said, “It’s President’s Day”.
She asked, “What does that mean?” ... I was
waiting for something profound and was not
disappointed. He said, “President’s Day is
when Obama steps out of the White House and
if he sees his shadow, we have two more years
of unemployment.”
I almost snorted my Diet Coke.
McLame did all he could to lose.
Of course it was orchestrated. Everything is orchestrated. The rise in gas and food prices has been orchestrated for the good of few and the dismay of many. The only issue she is wrong on is that Hussein didn’t so much win the election but that the GOP and McRino handed it to him on a silver platter.
Jim Quinn on WPGB in Pittsburgh and some other cities has been talking about this for years. Kanjorski talked about this on C-SPAN right after it happened, and then no one else would address it.
Really good. Thanks for posting it.
ML/NJ
What was that all about?
ML/NJ
Seems he wanted to lose.
MANY of us have thought this since it happened.
That doesn’t stop it ALSO being financial terrorism:
http://www.washingtontimes.com/news/2011/feb/28/financial-terrorism-suspected-in-08-economic-crash/
What was that all about?
McCain: "You don't need to fear an Obama presidency."
No, I don't know what that was all about, but McCain threw the race to Obama, as surely as the sun rises in the east.
His whole purpose in running in every election since forever has been to prevent any conservative from winning. 2008 was no different. McCain is a commie, manchurian candidate POS, and there's no shortage of people who have been fooled and/or intimidated by his "war hero" status.
He may have been brainwashed in Hanoi.
Even I could figure that out. What I don't understand is why? Why run in all those primaries and then give up?
ML/NJ
Remember the meeting on TARP. That was it.
Don’t forget the closed, secret session of Congress on Mar. 12, 2008 foretelling America’s future.
what did shmucky schumer ever say about leaking the info???
My own suspicion has been that it was orchestrated and that it went out of control.
Who the culprits are, I don’t know. Soros has a long history of messing up countries financially so I suspect he is part of it and it may be that other unfriendlies signed on.
I think it does need to be investigated.
I shiver at this comment. Not doubting it might be true because of the way he is handling the border....
Early in the campaign, when Hillary was still the clear frontrunner, I happened to have trouble sleeping one night and turned on the radio. It was after midnight and I don’t even know what program or who the host was; listening to after-hours radio is something I don’t do habitually. It’s something I’ve done only a handful of times.
The guest being interviewed claimed to be a retired CIA operative and he referred to a cross border raid that the Columbian authorities had made on rebel hide-outs. He stated that they had discovered information on a computer that a cartel leader was guaranteeing to the rebels that Barrack Obama would be the next U.S. President. He inferred that the cartel leader had gotten this information from another party and went on to say that sleeper cells had already brought up to eight nuclear weapons into the U.S.
He added that if the U.S. government wanted to, it could shut the entire border down in one day. It sounded so ridiculous at the time that I turned the radio off and went back to sleep. I wish now that I had listened to the entire conversation.
It’s pretty clear that the news media was bought and paid for. There’s never been an election in U.S. history where a candidate’s past associations would have been totally without query, especially when his mentors and tutors were some of the most radical men of their time. I remember Hannity and a couple of other conservative talk radio hosts tried to put light on it and the news media made a full court press to show it to be nothing more than right wing gossip.
The current economic situation is the result of government cronyism and 40 years of kicking the can down the road in terms of government spending - which increasing tax revenue - and trade imbalance.
The largest amounts of consumer spending are fairly obvious: home, transportation (autos), food, clothing. U.S. businesses create these goods and services and sell them. Those businesses buy and use a large amount of machinery and equipment in the course of their business. The manufacture of this machinery has largely shifted overseas, along with manufacture of transportation (autos) and clothing. There used to be a large base of small manufacturing, privately held small businesses, that have seen their sales decline to zero.
So the “genius” of American corporate management, which is now mostly publicly-held, not privately held (so it has very little skin in the game) is now baffled about why the U.S. consumer is apparentely tapped out and can’t find a job.
As long as the EEOC, Federal EPA and state environmental agencies EXIST, and as long as government spending does not slow down, and as long as unions can burden the construction, manufacturing and clothing industries in the U.S., the coming decades will appear very impractical to anyone wanting to start a business. This is because the U.S. economy is missing at least 20% of the jobs required to produce what it consumes.
In a completely different vein, Soros and similar idiots have some goofy dream that the only way to increase the standard of living of poor countries is to bring down the standard of living of developed countries. So Soros and company continue on diabolical half-baked schemes to effect their dreams. Since they’ve never had a real job, they are 100% blinded to the fact that it is physically impossible for dopes to manage or compete with smart people. The only solution to solve hunger and poverty in undeveloped countries is for their own indigenous progress, which is rendered nearly impossible by simplistic external aid programs. Such programs merely keep thugs in power which have a vested interest in keeping their subjects in poverty and ignorance so elections can be avoided.
Progress is also, obviously, very dependent on the capabilities of the population. India is an example of a measure of success and one can easily see how it benefits from the effects of British influence on their education system. But it also has a population with character and diligence where many people can think and work in some sort of stable environment. Though India, like every nation, has much room for improvement, it certainly is better off than many undeveloped nations which have underlying moral bankruptcy and rampant hatred and violence. It is very difficult to think and work under those conditions, which translate into less efficiency and a consequent lower standard of living.
At the point that McCain chose Palin I think he wanted to win. It was a drastic measure that took great courage, and I think he did it because he was willing to do what it would take to win.
Something happened to him on Sept 13, 2008 when he suspended his election and wanted the debates to be canceled or postponed - the same day that GW Bush changed his tune of letting Congress decide what to do on the economy and instead scheduled a speech where he told us that the whole world economy was going to fall apart if we didn’t pass TARP - a token effort that nobody believed would do anything serious to get rid of troubled assets.
As I’ve said elsewhere, I believe Soros used the threat of another run on the bank to get GW, McCain, the media, and eventually the eligibility judges to do his bidding.
Nothing makes sense without that explanation, and everything makes sense with it.
So I think this article is right on, and eventually the next step in the story needs to be tackled as well. This, I believe, is the real reason that nobody will touch the eligibility story - not because it is such a distraction, but because it is the central issue which explains why we’ve seen everything we’ve seen for the last 3 years.
The fear of riots made a good “cover” for a lot of stuff, but I think the real power that Soros has had over the CONSERVATIVES (who have allowed Obama to remain in spite of overwhelming evidence that he is an unconstitutional usurper) is the very real threat of that last push in the Cloward-Piven Plan to overthrow capitalism - an economic run on the bank (using Islamist and communist sympathizers’ resources) to create the ultimate crisis, the next-last step in the Soviet plan to subvert a nation into communism.
I think it was intentional, especially with the timing of the drawdown. Then McCain left his campaign and headed back to DC which Obama knew he would take the bait. I read that Goldman employee told Obama of McCain’s plan, ideas on how to handle the crisis. Well Obama him to it and controlled the meeting. Media reported how Obama took command of the situation and that was the end of McCain.
But McCain lost it by saying...YOu have nothing to fear from Obama Presidentcy and was just too polite and kind while Obama knifed him in the back with that smile on his face...
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