Posted on 02/11/2009 3:03:27 AM PST by Halfmanhalfamazing
And just who gave you the right to elevate the Idiot McCain to "Doofus?"
A "Doofus" has warm and fuzzy overtones, while McCain still deserves to have his private parts dribbled around the courthouse square by malignant Kenyan dwarves. And he is still dunning me for money!
He will be remembered as the man who put the "Mandatory" in Mandatory Retirement.
.....basically fake money.....
Actually, all money is now electronic blips on a ledger. The bills are merely physical representations of the ledger entries. Electrons are invisible and nearly impossible to handle.
This type of talk is of great interest to me.
Money systems have collapsed (surprisingly frequently) without ending the political system, much less "the world".
The present fraudulent and insolvent international money system is not long for this world.
When it ends, it will reveal much about the state of our equally fraudulent and morally insolvent political system.
If we had remained a virtuous republic, the insolvent banks would be closed, the Federal Reserve would be dissolved, Congress would use its power to coin money and regulate the value thereof to refloat viable businesses and would issue new currency, and in six months or less (from September 18, that would be next month) we'd be up and running again.
That we are still stuck in the pits of fraud and theft says a lot, not about the money system, but about our politics. THAT'S scary.
Dow closes down 381 on bailout plan disappointment
Feb. 10, 2009
(AP) — Investors are turning skeptical about the government’s latest bank bailout plan and sent stocks reeling Tuesday.
The Dow Jones industrial average lost 381.99 on points on Tuesday to close at 7,888.88.
Local Dow components were also lower. Boeing Co. was down $2.59 to $40.21, Kraft Foods Inc. lost 90 cents to $24.98, Caterpillar Inc. fell $1.80 to $30.92 and McDonald’s Corp. was down $1.74 to $57.28.
The Crain’s Chicago Business index, compiled by Bloomberg L.P., was down 2.97 points, or 4.6 percent, closing at 62.05.
Broader indices were also down. The Standard & Poor’s 500 index dropped 42.73 points to 827.16, while the Nasdaq composite index was down 66.83 to 1,524.73.
http://www.chicagobusiness.com/cgi-bin/news.pl?id=32958
No, this is not ridiculous. I kept telling my husband that this sort of thing doesn't just happen almost over night, and world wide financial problems at the same time. Something or someone was behind this. It was a manufactured crisis, pure and simple. The economy went south big time, over night, all at once.
Consider our previous discussion and this reasoned post.
There will be blame. There will likely be action. I can feel it in my bones.
“IMO it was an intentional act, not a bunch of panicked people.”
They did not say who was responsible for the 550 billion.
Was it a government agency that deposited the money over time, then removed it in an hour or two?
Thus a manufactured scenario to force Bush to act, and approve the 750 billion?
ping
......Money systems have collapsed (surprisingly frequently) without ending the political system.....
I’m reading a book called The Power of Gold that details money systems and the metallic standard since the beginning. There was the probability of a collapse earlier and JP Morgan worked with the Rothschilds to float a bond fund to defuse the crisis and right the banks. I think President Cleveland didn’t like it. JP Morgan went to DC and demanded to see the President. In the meeting he told Cleveland that if they didn’t go through with the deal “It’ll all be over by 3:00 this afternoon”. At some point during the meeting, The President was told that the last gold in the till was about to be gone. He accepted Morgan’s proposal and the economy pretty much revived quickly.
The street was warned and ready for the break in Money Market $1/share value. The Lehman paper default was huge news that triggered an industry wide ahhhhh panic.
Rush conceded this bordered on conspiracy, but Schumer’s comments about the Cal bank about to fail a few weeks prior started the fall. Then Reid hinted that AIG was about to fail
Both comments were made for no apparent reason and unsolicited, imho intended to create instability.
This could have been a Soros manipulated plot. Wouldn’t surprise me.
Not correct. AIG had already failed. Reid hinted that other insurance companies would fail (including MetLife, my insurance company, which took a huge equity hit).
Even the dollar bills are worthless if the faith in the government backing them is lost. In the end all they are is pretty pieces of paper with their REAL value determined by those in the marketplace who will decide if they will accept them in trade for the goods and services they offer.
Agree with you.....it was panic, plain and simple.
Conspiracies take too many people keeping too many secrets to be prevalent.
700 million is chump change; I believe you meant 700 Billion
There is an unholy consortium of Wall Street swindlers and the corrupt Congress that has undermined the country. We well could lose the government over this.
I got a email that AIG was fastlaned by Congress because AIG insured Congress pension system. Any input?
What started the fire is debatable. We don’t have enough data to say.
What is not debatable is that our political elites immediately set about pouring gasoline on the blaze, and continue to do so.
The inferno they’re creating may consume us all.
no clue. Wouldn’t surprise me though. AIG was a strong insurance company and had lots of friends in politics. Too strong to fail.
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.
If the banks fail and the Government defaults, that WILL be the trigger for mass outrage. You will see blood running in the street.
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