Posted on 03/05/2009 7:20:14 PM PST by MindBender26
I would ask my fellow FReepers' indulgence with this naked vanity post.
It's time we all realized something. Wall Street's plunge is not about GM, Chrysler, Citadel or any other individual company.
It is not about any group of companies or any sector of the market.
This is about Obama. It is the investor's realization that Obama does not have even most elemental set of skills to manage the economy. None of those around him have the skills, experience or wisdom either.
Stop and think; if his advisors couldn't get their own taxes right.... or weren't smart enough to hide their own tax cheating, how could they ever begin to manage a national economic system?
Worst of all, behind closed doors, are investors beginning to ask, what if Obama wants to destroy America? What if Obama and those who have supported him for 30 years intend to destroy America?
In 45 days Obama has wreaked more havoc on America than a dozen 9/11s. To kill this country, they don't need Al Quida, the Taliban, one bomb or even one AK-47. All they need is one man.
Remember the movie "Rollover?"
What if this all isn't a natural economic function...
What if it is all on purpose?
The stock market thrives on hope, real hope, and crashes on the lack of it. This began last fall when leading investors realized Obama might actually become President.
How much hope can there be when the one at the top is praying... or preying... that we lose.
Of course, there is no chance that this could be Obama's plan.... is there?
Is there?
Hussein wishes to implement a 3-part takeover of the US economy:
1. Own the FIRE means of production (finance ie banks [Citi], insurance [AIG] & real estate [Fannie/Freddie])
2. Regulate/dispense/control health care
3. Direct/manage economy via energy (cap & trade)
These initiatives will only be successful if the Kenyan has sufficient tax revenues and adequate access to credit (Treasuries) to pay for his grandiose schemes.
Purposely slowing down the economy through a concerted effort to save more & spend less will help crater tax receipts. With falling revenues, -0- will be forced to borrow more to make up the shortfalls.
Escalating demand for debt (increased risk = increased prices of debt & higher interest rates), and a dawning realization that invested funds will not contribute to increased imports (Chinese perspective), will serve to detonate the bond market and dry up his ability to loan money.
No taxes and no Treasuries means the shiftless punk from ChiTown will be sh!t out of luck trying to take over our country. Wake up and get with the program. It's not really an option - we're literally in a fight for our lives. If we help breathe new life into the economy, we're merely funding the agents of our oppression.
They weren’t voting for Obama. They were voting against Bush. With the economy clearly souring, Jack Kennedy could have come back and run as a Republican and he still would have lost. In a bad football game, the quarterback gets all the blame. IN a bad economy, the president gets all the blame. The voters are clueless as to the roll of Congress, so the incumbent president’s party gets punished and people vote in droves for the other party’s candidate.
I think you know all this.
I agree. I also propose it is purposely being driven into the ground so every American will be dependent on the government, and to basically kill the ‘old’ United States to form a new type of government with a new constitution. Civil unrest will be wide spread as many states also seriously consider succession.
I agree the economy goes in cycles and we are at the end of a 72 year cycle, looking forward to 18 years of economic stagnation that began in 2000.
Your take?
Nice to see somebody on this thread who gets it. There are a few. I posted the video in hopes he would just digest the simple explanation about this crisis.
Many people don’t want their delicious political conspiracy theories to be interrupted by the reality that years of greed and irresponsible behavior are a suitable explanation for the current economic collapse. These people need a bogeyman.
I’m keeping my powder dry and stocking up the best I can. I’m also staying close to friends who are doing the same.
That’s true...and scary.
However, a good chunk of those votes are fickle swing voters, and they’re the first to turn on him.
Looking at falling approval ratings (still too high) and some of the other things happening, I think, assuming we can survive as a nation long enough, that the Dems lose the House in 2010.
IMO, the reason its gone on so long is that most people 40 years old or younger have no hardship memories of long gas lines, 17% mortgage rates, etc..
They're the voters that went for Barack Obama.
Let them get a taste of 'odd-even' days to fill-up their tanks...let them experience unemployment, and higher taxes....the stupid asses.
List of assumptions and a quick jump into a time machine, for entertainment only. :P
1) Obama is a Manchurain candidate. Purpose? Complete overthrow of all freedom in the U.S. and institution of socialist dictatorship.
2) First task? Destroy the economy. Utter destruction of the Stock Market is 50% complete.
3) Next? Banking system is allowed to collapse.
4) 2010 — Foreign nations, seeing that the U.S. is bankrupt and unable to pay back on Treasury notes, liquidate all of their U.S. Dollar denominated assets. In 72 hours, the U.S. dollar inflates over 500%, eventually inflating to unimaginable numbers.
5) Martial Law is introduced nationwide. Law is passed making gold illegal to own, and making the dollar the only legal trade tender. All income over 50,000 a year is to be confiscated by the government to “aid in the restructuring of America”. Congress votes for a new constitution, and the abolishment of the existing in it’s entirety.
5) 2010 — U.S. citizens, unable to purchase food and other necessities due to hyperinflation, and seeing the Republic destroyed, form militias and revolt.
6) 2010-2014 Unknown millions killed in the Second American Revolution. Eventually, the original concept for America wins the day, the U.S. Constitution is restored.
Next step?
2015 — Rebuild the economy, lifeblood of the nation.
To wit:
Will the Federal Reserve be reinstated?
Will any entity be allowed to ‘control’ interest rates?
Will the Congress be granted the power to print fiat money?
Will their be made an impassable wall between the Financiers and the Congress, so that the will of Finance has minimal influence upon the state?
If you are uncomfortable or unable to answer any of those questions, please... find the answers.
I agree with the minority here, Obama vs. the DOW is a dangerous distraction. Absolutely pointless in the end.
In the Great Depression... millions of Americans starved (yes, MILLIONS) to death, martial law was imposed many times in many places to restore order, a wagon full of TNT was detonated in front of the NYSE, wealth was confiscated and redistributed, and much of what America stands for was pushed aside purely for the sake of the nation’s survival.
Yet we endured, with some mild social programs in place.
Most of what our Founding Father’s believed in made it through intact.
The things that they DID NOT believe in, ultimately, are the root cause of today’s crash, and we have an opportunity to get rid of them.
And in all probability, it will not be done with blood and guns, but with votes...
Currently, trite observations such as “Obama is killing the stock market” are dividing the nation, such that they are unable to push back, with one voice.
Buying guns and canned food, and holing up in a shack and waiting for them to come is the WORST possible, and ultimately UNPATRIOTIC response at this time.
Everything stated here is available free, at your local library, all that need be invested is time.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.