I bet soros himself had a large part in the meltdown.
I believe this whole so-called economic meltdown was caused by Soros, the Democrats and the International Communist Conspiracy, of which the Democrat Party and Soros are members.
Guys, it isn’t real. This is a faux crisis they have created so they can take absolute power and turn America into a Communist atheistic Islamic republic.
The election was over on Sept. 15. I’m in the camp with el Rushbo that it will go down as the greatest October surprise in history.
Perhaps they did orchestrate it, but I vote for the CRA+The Masters of The Universe who saw ways to get very wealthy by inventing all sorts of toxic instruments, many based directly on these mandated no-collateral loans and the constant refis that allowed people to use their equity as a line of credit.
However, even if this Crisis was begun by Soros and the hedgers, IMO, it got out of hand and they were helpless to stop the dominos from falling. I don’t think they realized the interconnectedness of the global economy, or, if they did, they thought that they could pick winners and losers and keep control.
Soros has not stood alone. Quantum (his hedge fund), worked with all the other hedge funds over time. We were hearing tales of this cooperation back 3-4 years ago from people who worked for other funds in IT capacities that involved setting up the conference calls and ensuring that the lines of communication were open around the world. I recall reading a few little squibs about then to the effect that the SEC had launched an international investigation into trading patterns and legality of the hedge funds and currency traders. Once again, the regulators failed, whether by incompetency or design.
What were the redemption rates at Quantum? I have read many articles about the losses of all the other hedge funds, but I haven’t read the stats on Quantum. Anyone know?
The initial impetus may have been fabricated, but the results we are living with today are real, in that businesses across the country are failing, people have lost their jobs, states are bankrupt, the Federal Government is consolidating ownership of private resources, etc, et al.
I keep thinking that it was one thing to bring about Fascism or Socialism in countries that were devastated by WWII or had a history of Strong Men or a population unused to freedom and accustomed to obeying authority and quite another to attempt a swift take down of an independent and contrary populace used to affluence, whether provided by themselves or the state, and convinced they possessed individual freedom enshrined in the Constitution, even if some of them wanted to limit that freedom for everyone else.
I think perhaps 30% of the zerOids were moochers and looters and another 20% were cynically implementing a contrived takeover. The other 50%, IMO, were taken in by the hype, manipulated by inculcated guilt or just too weak and ignorant to understand what was guaranteed to take place once this crowd was in power. Now, they are experiencing the reality and it bites.
While the stimulus passed, there were 15 donks (IIRC) who voted with the GOP. No Republicans voted for the mess, this time. The coup is not complete, not all the cadre is on board. Now, we have to see just what transpires. If enough donks and donk voters rebel, then all the manipulators are in for a great surprise.
I hope.
I don't believe that they want the Islamic part, but they're going to get it.