The Rush Limbaugh LIVE Radio Show Thread - Thursday, December 2, 2010

Did you tell her we have a TODD PALIN IS A HUNK! ping list and that when she registers, she ought to give me a FReepmail and I will add her?

It’s me - but it’s the book store right before we went down into the area where Sarah would be. I rarely read a book more than once, so usually, I donate my books to the local library.

LOL - I did not. This bookstore was very keen on pushing us through the line in the quickest way possible. Even though Sarah was going to let little Piper sign my book; the bookstore pushed me through anyway.

OT

If I were to give Clint Jr and friend BCS Championship tickets for Christmas can you recommend a safe hotel around University of Phoenix Stadium that isn’t a bazillion bucks? A shuttle to the stadium is a plus...

Gooooooo Auburn!!!!!!!

And keep your fingers crossed for positive outcome in the Enes Kanter appeal here in KY.

all over it.....I’ll freepmail ya within 24 hours

and put your head to rest...it’s damn safe here and Sheriff Joe is but blocks away..................hehehehehe

I’m more nervous about the South Carolina game than Alabama’s.

If they don’t win I’ll have to sell the tickets because TCU would probably take their place even though they don’t play a conference championship game.

200 k votes just found uncounted in NYC or 17%,,,,,

UGH! Stever Spurrier is evil. You must defeat him.

BTW, Cujo aka Libby is teething on my hand non stop 24/7 when she's not sacked out for two hours. I'm worried I may have picked the A-Personality in the litter and am getting an aggressive dog. Neither my Reagan or Brandy was this hyper at 7 weeks old and they were A-Types per the puppy test I used.

“200k” for real?

I what race?

She’s cute!!!

It’s so difficult to ascertain at that age the agression level. My Emmie was the sweetest pup, and is now a holy terror with repect to other dogs. She’s very dog aggressive. :(

I need to socialize, socialize, socialize.

you gotta Marley !

Here’s the Kanjorski thing Rush and his caller were talking about in the last 15 minutes of his show today;

Shocker: Electronic Money Market Run Nearly Destroyed US Economy
RushLimbaugh.com ^ | February 10th | Rush
Posted on Wednesday, February 11, 2009 6:03:27 AM by Halfmanhalfamazing
http://www.freerepublic.com/focus/f-news/2183027/posts

RUSH: I want you to listen to this, Paul Kanjorski. He’s a Democrat member of Congress from Pennsylvania. He was on C-SPAN’s Washington Journal on January 27th.

KANJORSKI: On Thursday at about 11 o’clock in the morning —

RUSH: Stop the tape a second. Go back and recue this. He’s talking about September the 18th here. Let me tease you even further. September the 18th is the day last year that the world economy almost came to an end. Don’t smirk. It’s true, Snerdley. That’s what Kanjorski is saying. So he’s talking here about Thursday, September the 18th.

KANJORSKI: On Thursday at about 11 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. It pumped $105 billion in 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.

RUSH: Do you remember this? This is the day I think that the Atlanta banks ran out of one-hundred-dollar bills. But now stop and think of this: A $550 billion withdrawal from money market funds in one-to-two hours. I am convinced — and there’s one more sound bite to go here — I am convinced that this is what they took to the White House and said to President Bush, “We have got a disaster, you have got to get on board with a bailout,” which came later on in October, “you’ve got to get on board with this $700 billion, the TARP 1,” all because 550 — now, what precipitated this? Here’s the second Kanjorski sound bite.

KANJORSKI: 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. It would have been the end of our economic system and our political system as we know it. We’re really no better off today than we were three months ago because we’ve had a decrease in the equity positions of banks because other assets are going sour by the moment.

RUSH: Now, this is January 27th, Kanjorski is talking about this, and we have to allow, since Kanjorski is a Democrat he’s part of the Pelosi team, we have to allow that some of his comment here is being flavored. When he ends up saying we’re no better off today than we were three months ago, some of this is obviously oriented toward panic and getting people to go along with the bailout today, but let’s leave that aside because that’s traditional Democrat Party politics. If they had not done that, if that $550 billion-dollar withdrawal in an hour or two had not been stopped, if they hadn’t closed the windows, he says that five-and-a-half trillion would have been drawn out of the money market system of the United States. Now, when I hear money market I think of savings accounts, higher interest rates than passbook savings at the old downtown building and loan where people park their money temporarily ‘til they decide where to put it permanently. He says five-and-a-half trillion would have vanished from the banking system, would have collapsed the entire economy of the US and within 24 hours the world economy would have collapsed.

Now, we’ve gotta allow here for some exaggeration. It’s amazing this was said on C-SPAN on Thursday, January 27th, and nobody picked up on it. We got it from a website called LiveLeak. They were rummaging through things, and they found this.

Now, let’s assume for a second here that elements of this are true. Let’s assume that there was a $550 billion run, electronic run on the banks and money market accounts in one to two hours. The question is who was doing this? Who was withdrawing all this money? And the next question is why? That’s where my mind starts exploding, and this is dangerous to have these explosions going this way.

Could it have been George Soros? Could it have been a consortium of countries — Russia, China, Venezuela — countries that are eager to have Barack Obama elected because they know that will make it easier for them to continue their own foreign policies in the world?

In the meantime, five-and-a-half billion dollars in one to two hours, that can probably be confirmed. The five-and-a-half trillion is speculation based on the rate at which money was coming out. We could check that the Fed stopped the trading windows, they closed the window. We do know they were pumping money into the system left and right.

And remember when the Federal Reserve loaned elements, $2 trillion and we weren’t told who got the money? And we still haven’t been told who got the money.

We know that last fall, the Federal Reserve lent $2 trillion to somebody or a series of somebodies, and we still don’t know where it went. We know last year that we had a crisis on our hands and everybody was saying if we didn’t do this today the country was finished and they got Bush on board, they got Paulson on board. Obviously this kind of news, if somebody from the Fed shows up and Bernanke and Paulson say, “Hey, we got a chance here of losing five-and-a-half trillion dollars if we don’t do something,” I mean that’s gotta scare anybody into some sort of action to stem the tide.

We have an AP-Obama story here that targets the date of this run on money market accounts to September 16th. It was Kanjorski on C-SPAN on January 27th, said it was Thursday the 18th.

Here’s the AP story: “A money-market mutual fund that ‘broke the buck’ amid a rush of orders to pull out cash has begun returning an initial $26 billion to investors who had been unable to access their money for more than a month. ... On Sept. 16, the rapid sell-off of assets caused the value of fund assets to fall to 97 cents for each investor dollar put in — the first instance in 14 years of a money-market mutual fund ‘breaking the buck,’ or having its per-share value fall below $1. Reserve Management froze redemption orders. That led institutional investors to pull out cash...”

I think both dates are right. September 16th, the rapid sell-off begins and “[t]hat led institutional investors to pull out cash from that fund and others, creating fears about the safety of the $3.4 trillion in assets held in money-market funds, and a new temporary government money fund guarantee program.’” It’s sort of just a casual, hey, no-big-deal kind of story from the Associated Press — and here again is Kanjorski talking about this.

Let’s go back to these two sound bites, Paul Kanjorski (Democrat-Pennsylvania) on C-SPAN’s Washington Journal on January 27th.

KANJORSKI: On Thursday at about 11 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 like being drawn out in a matter of an hour or two. The Treasury opened up its window to help. They pumped $105 billion in 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.

RUSH: By the way, I should tell you that Kanjorski’s source for this is none other than Bernanke — Ben Bernanke, the Federal Reserve — and the Treasury secretary, Hank Paulson. They are the two figures that told members of Congress what was going on with this initial run of $550 billion, an electronic run on the banks, money market accounts, investor accounts here. He goes on to say this, if they had not stepped in to stop this, if they had not closed the window...

KANJORSKI: If they had not done that, their estimation was that by two o’clock that afternoon, $5-1/2 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. It would have been the end of our economic system and our political system as we know it. We’re really no better off today than we were three months because we had a decrease in the equity positions of banks because other assets are going sour by the moment.

RUSH: So the last part, I think that’s just salesmanship for doing something now to get the stimulus bill passed, although Kanjorski is among some Democrats starting to shift to the cant that more time is needed to make a correct decision this time; which I think is one of the reasons Geithner postponed his announcement to today from last week or even today.

So, you know, I have been suspicious of all this that happened last fall. It just seemed too perfectly timed.

Now we know that these are not individual money market accounts like you would have had to withdraw your money. This is money invested in a mutual fund money market account.

So it is quite possible somebody could have started a run on this thing and the word spread, and it did — and the $550 billion withdrawal in one hour would panic anybody.

So there’s so much to this. You know, it’s always the case that there’s so much more going on in all this that we don’t know. The Drive-By Media, any longer, is worthless in ferreting out the truth involved in events. They totally exist on the surface. They exist with a path of least resistance particularly with Democrats in power, because with the presumption that Democrats could abuse power or commit ethics violations just doesn’t even cross the radar. It doesn’t even show up on the radar. It’s not possible for Democrats to behave in that fashion, and so all this stuff goes on below the surface and we find out about it much later after the fact.

<>Comments<>

How The World Almost Came To An End At 2PM On September 18

YouTube: CSPAN Rep Paul Kanjorski Reviews the Bailout Situation

USA Today: ‘Buck-Breaking’ Money Market Mutual Fund Returns Initial $26B

2 posted on Wednesday, February 11, 2009 6:04:57 AM by Halfmanhalfamazing

IMO it was an intentional act, not a bunch of panicked people.

3 posted on Wednesday, February 11, 2009 6:10:52 AM by driftdiver

#

http://www.freerepublic.com/focus/bloggers/2182993/posts

“RIGHT BEFORE THE ELECTION OF PRESIDENT HUSSEIN “A $550 Billion Electronic Run on the Banks””
Atlas Shrugs ^ | 2/11/09 | Pamela Gellar
Posted on February 10, 2009 10:52:20 PM PST by FromLori

#

http://www.freerepublic.com/focus/f-news/2132937/posts

“The “October Surprise” - a lttle early”
vanity | November 16, 2008 | Lancey Howard
Posted on November 15, 2008 10:26:30 PM PST by Lancey Howard

4 posted on Wednesday, February 11, 2009 6:11:45 AM by Cindy

“IMO it was an intentional act, not a bunch of panicked people.”

Although I don’t like conspiracy theories in general, I have to agree with you. Actually, I don’t think people have started to panic yet, and I am very concerned what will happen if and when people do start to panic.

5 posted on Wednesday, February 11, 2009 6:17:27 AM by pieceofthepuzzle

Well, Schumer publicly precipitated the Indy Mac run. Who is to say that Democrat operatives, ones with a lot of resources, Soros, say, didn’t engineer the $550 billion run. Soros has a history of sabotaging governments for personal gain and access to the resources to do it and Democrats(and socialists and liberals and other leftists) have no principled reasons not to do something like that if it brings them to power.

7 posted on Wednesday, February 11, 2009 6:21:34 AM by arthurus

To: Halfmanhalfamazing; RobRoy; Cindy; Fawn; pieceofthepuzzle; MinuteGal; gonzo; mcmuffin; jimrobinson;holdonnow

NOTE the Liveleak date on this:

Secret “closed door” meeting with Congress
Liveleak.com ^ | March 14th, 2008 | Liveleak

Posted on Monday, March 31, 2008 6:40:27 PM by RobRoy
http://www.freerepublic.com/focus/f-chat/1994684/posts

Sent: Friday, March 14, 2008 4:20 PM Subject: CLOSED Congress Session Last Night: Only 4th Time In 176 Years !

SPECIAL “CLOSED SESSION” OF U.S. HOUSE OF REPRESENTATIVES DISCUSSED A LOT MORE THAN THE PENDING SECURITY SURVEILLANCE PROVISIONS!

This was only the fourth time in 176 years that Congress has closed its doors to the public. What was it that they were discussing that they do NOT want us to know about?

Word has begun leaking from last nights special, closed-door session of the United States House of Representatives.

Not only did members discuss new surveillance provisions as was the publicly stated reason for the closed door session, they also discussed:

1. the imminent collapse of the U.S. economy to occur by September 2008,

2. the imminent collapse of US federal government finances by February 2009,

3. the possibility of Civil War inside the USA as a result of the collapse,

4. advance round-ups of “insurgent U.S. citizens” likely to move against the government,

5. the detention of those rounded-up at “REX 84” camps constructed throughout the USA,

6. the possibility of retaliation against members of Congress for the collapses,

7. the location of “safe facilities” for members of Congress and their families to reside during expected massive civil unrest,

8. the necessary and unavoidable merger of the United States with Canada (for its natural resources) and with Mexico (for its cheap labor pool),

9. the issuance of a new currency - THE AMERO - for all three nations as the proposed solution to the coming economic armageddon.

Members of Congress were FORBIDDEN to reveal what was discussed. Several are so furious and concerned about the future of the country, they have begun leaking info. More details coming later today and over the weekend. SPREAD THE WORD!!!

Video here: http://www.liveleak.com/view?i=46d_1205873088

29 posted on Wednesday, February 11, 2009 7:02:53 AM by Matchett-PI
http://www.freerepublic.com/focus/news/2183027/posts?page=29#29

This is the beginning of uncovering what I suspected all along a ‘manufactured’ economic crisis to get Dems elected. It was the mother of all October surprises.

The question remains, who were the principles behind the initial actions that set the ‘run’ in motion.

Let’s face it folks, if this is true, this would be an act of tyranny (if domestic) and an act of war if committed deliberately by foreign interests in order to throw our elections.

The people who committed this and enjoy its fruits ought to wake up and realize what lies at the end of the road they are traveling down.

They’re not going to like that destiny.

30 posted on Wednesday, February 11, 2009 7:02:57 AM by Ghost of Philip Marlowe (The Free Market: the ultimate community event.)

Here’s more bttt (in addition to my #29 above):

Are we witnessing a Tin Foil Theory Come True?
Posted on Wednesday, November 12, 2008 1:57:08 PM by Blogger
http://www.freerepublic.com/focus/f-news/2130877/posts

Compare this thread from March of this year
Secret “closed door” meeting with Congress (copied and pasted below)
Liveleak.com ^ | March 14th, 2008 | Liveleak
http://www.freerepublic.com/focus/f-chat/1994684/posts

With this article & recent history:

US May Lose Its ‘AAA’ Rating
CNBC.com | 10 Nov 2008 | 07:49 AM ET
http://www.cnbc.com/id/27641538

The United States may be on course to lose its ‘AAA’ rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche.

“The U.S. might really have to look at a default on the bankruptcy reorganization of the present financial system” and the bankruptcy of the government is not out of the realm of possibility, Hennecke said.

“In the United States there is already a funding crisis, and they will have to sell a lot more bonds next year to fund the bailout packages that have already been signed off,” Hennecke told CNBC.

In order to solve or stem the economic slowdown, Hennecke suggested the US would have to radically reduce spending across all sectors and recall all its troops from around the world.

As for a stimulus package, there is not much of an industry left to stimulate back into life, Hennecke said.

31 posted on Wednesday, February 11, 2009 7:05:03 AM by Matchett-PI
http://www.freerepublic.com/focus/news/2183027/posts?page=31#31

bttt

Arthur Wildfire! March: I posted the same list of threads here on the Rush Live thread. You may find Matchett-PI’s post to me useful for context, as well as 58 & 67 by mewzilla

Matchett-PI: Thank you! I missed the end of Rush, so double thanks. Will be digging into your links.

I lament that there is not more serious discussions, links, and research about the topics Rush talks about here on the Rush Live Thread by the dedicated Rush fans who post here.

He is always on topic and provides at least a starting point for analysis and discussion and links to other threads on the same subject, but the thread rarely makes the best use of the forum at its disposal.

As I listened to Rush talk about the new disclosures on the Fed bailout, I kept thinking about Bush’ recent comments that he approved tarp because “they” told him the global financial system was collapsing and he didn’t want to be responsible for starting the Second Great Depression.

I don’t doubt his sincerity and fear at the time on this point, but I always thought he was forced into being duped by a malevolently premeditated crisis that guaranteed secret funds for the BHO adm to launch the most willfully traitorous anti-constitutional power grab in US history.

Thank you for the ‘heads up’. So many trillions, it made me physically sick today. I still feel indigestion.

“I kept thinking about Bush’ recent comments that he approved tarp because “they” told him the global financial system was collapsing and he didn’t want to be responsible for starting the Second Great Depression. I don’t doubt his sincerity and fear at the time on this point, but I always thought he was forced into being duped by a malevolently premeditated crisis that guaranteed secret funds for the BHO adm to launch the most willfully traitorous anti-constitutional power grab in US history.”

Right. Bush was rolled. He and his father were both in awe of people with good memory skills [such as Powell]. They lacked confidence in their own common sense. I don’t think GW Bush was ill-intended.

I haven’t watched any TV in a long time. Does Paulson strike you as smug? I get that feeling when I read his transcripts.

Mystery Men of the Financial Crisis [NYT?]
http://www.freerepublic.com/focus/f-news/2444906/posts

Paulson: Russia and China plotted an economic meltdown
http://www.freerepublic.com/focus/f-news/2440456/posts
http://www.drudge.com/news/129591/paulson-blames-russia-fanniefreddie
http://blogs.dailymail.com/donsurber/archives/8465
http://www.freerepublic.com/focus/f-news/2440456/posts

Orchestrated Economic Meltdown and FReddie Fannie Manipulation
http://www.freerepublic.com/focus/news/2447320/posts?page=59#59

So many trillions, it made me physically sick today. I still feel indigestion.

If we ever know the full extent...

I haven’t watched any TV in a long time. Does Paulson strike you as smug? I get that feeling when I read his transcripts.

I CAN'T watch any political TV or "news" (either).... in a long time.

Does Paulson strike you as smug?

He always has. Goldman prides itself in its amoral ability to land itself on the right side of a profit --- didn't they spearhead the housing derivatives and then bet against them when the ponzi scheme became unsustainable---for even more profit?

IMO, Paulson is made of the same cloth.

I don’t think GW Bush was ill-intended.

Neither do I. I gave him the benefit of the doubt for a long time, but his recent comments cause me to think he has become willfully blind to the current threats against America, and I have come question his current usefulness to Constitutionally-loving Americans (other than his abiding respect and gratitude for our vets and Armed Services).