Posted on 02/10/2009 9:43:07 AM PST by an amused spectator
Welcome.
We pulled our money out last Thursday!!! Good, let it all crash! OBAMA’S FAULT!!!!!
Maybe we should all do that before we can’t get it out.
that this is a manufactured economic crisis for political purposes
Sure it was and it’s still being done. The sky will fall if this porkulus(every socialist program the dems have wanted for 20 years) doesn’t pass. Next up TARP and the sky will fall, banks will collapse(govt wants to own the banks).
When do we begin to stop this? Never?
Hmmmmmmm.........Kanjorski is being disingenuous———he can’t be THAT stupid, can he (snicker)?
That much money had to be coordinated.....AND leaves a very significant trail.
“AND leaves a very significant trail.”
Well, yeah.
But who’s going to investigate and follow the trail?
The Justice Departmemt?
The media?
Academia?
Only possibility I can think of is Tom DeLay’s Conservative group.
After reading many articles here about this “October Surprise,” I’ve always felt that President Bush was not complicit in it. He was genuinely shook up when he was working out the TARP program. The meeting where McCain and Obama had to run back to Washington off the campaign trail — well, it was shown then that Paulsen was no friend of President Bush. I think Paulsen had him believing that the entire world economy would crash, and there would be anarchy and rioting in the streets if he didn’t do this. Ta-da! Obama is then elected President.
I read somewhere that Paulson’s hedge fund shorted the subprimes and made about $50 BBillion.
Lehman Brothers was aloud to fail, rather than being folded into another bank, on Sept 15th to stress test the system.
This was the result.
bttt
Skipper, do you agree with the decision to allow Lehman to fail?
(excuse my ignorance...I haven’t a clue about this)
Thanks!
The Jews did it...Bush helped. Rove drove the getaway car and Cheney held the ATM cards they used to “tap Mac” for over 500 large. There must be a huge pile of ATM receipts somewhere...
There is evidence you are correct. Somewhere around this time, our congressman held a town hall-type meeting and actually said something along these lines. It now makes sense. He claimed that Paulsen convinced Bush this was an emergency.
They needed to see how the entire market would perform in a controlled-crash situation, when we still had the billions and potentially trillions neccessary to plug all the leaks that a giant bank with tentacles throughout the economy would spring when giant banks started failing after we’d already gone fatally insolvent.
I think they learned two thing; How we’d fail and when where, when the sytem crashed, and what to do to plug the holes, and the 2nd thing was ... dont let a giant bank fail again.
That’s why they followed up Lehman’s failure with an immediate 300 billion injection into the banking system, and that wild expansion of the FED’s balance sheet from 900 billion to 8 trillion.
There’s just no way out for us. We let the finance sector sell 500 trillion in derivitive contracts, and the raiding of money market funds in the wake of Lehman’s failure was people pulling money out of the system to make good on the derivitive contracts held against Lehman and it’s assets, and yet more people and institutions sucking their money out so it didnt vanish in the collapse.
The FED moved in and replaced those trillions that were sucked out in only a few hours. That’s why the FED now has trillions on it’s balance sheet. That was the damage done from ONE big bank failure.
Well, that will cause a run, too.
If you listen closely to what Kanjorski said, the U.S. banking system came under attack via massive, coordinated electronic withdrawals. Paulsen, Bernanke, and President Bush scrambled to stop the attack and at least buy some time.
Wasn’t this when Obama said “Call me if you need me!”
He a)knew it was going on and b)didn’t care as it would work to his advantage.
I have believed this was a manipulation for a long time. Soros is evil.
Global warming, one world order, the UN, the Marxist communist utopia these monsters want, not for them of course, but for us - all of this crap is being rammed down our throats.
Pray.
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