Sure, there's lots of "money" left. (Fiat is not a car company here!)
Posted on 02/11/2009 3:03:27 AM PST by Halfmanhalfamazing
Sure, there's lots of "money" left. (Fiat is not a car company here!)
Flashback:
“The revelation of the Federal Reserve Board’s final decision to trigger the Crash of 1929 appears, amazingly enough, in the New York Times. On April 20, 1929, the Times headlined:
Federal Advisory Council Mystery Meeting in Washington
Resolutions were adopted by the council and transmitted to the board, but their purpose was closely guarded. An atmosphere of deep mystery was thrown about the proceedings both by the board and the council. Every effort was made to guard the proceedings of this extraordinary session. Evasive replies were given to newspaper correspondents.
Only the innermost council of “The London Connection” knew that it had been decided at this “mystery meeting” to bring down the curtain on the greatest speculative boom in American history. Those in the know began to sell off all speculative stocks and put their money in government bonds. Those who were not privy to this secret information, and they included some of the wealthiest men in America, continued to hold their speculative stocks and lost everything they had.”
http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=SecretsCh12
Same scam, different century.
PS-I like your screen name!
Tell me again how this guy got American Citizenship? Tell me again why the press is not the least interested in researching this guy's history? Oh yes I forgot...he finances Moveon.org which finances all those wonderful ads...like the one “General Betrayus”.
And HELL YES it caused a Panic!
Thanks. Interestingly, EdinVa, to whom I have been married for many, many years, caught this almost right away.
Somehow, I don’t think that there will be a thorough investigation of this under the present administration by either the Executive or the Legistlative unless a coalition can be formed starting with Kanjorski and others like him and Rush takes it further.
The starting point obviously would be to examine who put how much in that they could withdraw so much so quickly.
Like our members of Congress? Stakeholders of the Fed banks? Too many secrets for these folks?
You guys might want to review OUR history.
http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=SecretsCh12
That was a stunning tape. Sounds like either Soros or a major Country like China or Iran was pulling money out to manipulate the election. Looks like they overplayed their hand and nearly destroyed the economy. Wonder if Soros had inside information about Fannie?
Pray for America, Our Troops and obama’s Guidance
Looks like the *Sliders* are functioning.
See link at #67.
Same crew, different century. (yes, CFR, Clinton Global Initiative, Soros is guilty)
Conspiracy theories are no different than news stories. Many of them are pure bunk, but some of them are right on target.
“I can not believe Rush is becoming a person who believes in conspiracies.”
Rush is not speculating. He is connecting dots based upon information that exists in the world.
Why is it that when Liberals speculate, they are engaging in “brilliant” reasoning.
When people like Limbaugh look at circumstances and come to conclusions, there is suggestion of mental deficiency?
Why is that?
IMHO
Just in case you haven’t seen this yet ping.
No-speculators drove up the price of oil-Lehman had a hand in it also. No conspiracy only insatiable greed and high tech gambling by traders.
‘We can obviously discount a demand growth of only 2% per year as the main factor. The weakening USD is a major cause; but what is feeding the balance of oil price growth? No oil buyer has been told to, “Come back next week with your tanker.” If the UN-JODI is to be believed then demand by the top 30 nations declined 1.8% from Feb.2007 to Feb.2008. But over the same time period the price for oil increased 59%. Given that demand is modest to declining, according to the reporting-agencies, and the supply of oil is always available, what can account for this pricing disjuncture? Especially when Carl B.Weinberg [chief economist, High Frequency Economics] notes that, “many analysts are now thinking that fundamentals support a price of $70 to $80 a barrel [“Coming: Cheaper Oil and a Stronger Buck,” Barron’s, Mar.24, 2008].” While the statement [June 6, 2008] by Israeli Transportation Minister Shaul Mofaz, “If Iran continues its nuclear arms program we will attack,” does not calm the oil market, it is a transitory event. The answer lies in the commodities futures, index market.
‘The traditional futures-market participants, commodity buyers and producers, trade oil in order to manage the risks of rising or falling prices in their own businesses. But there is another category of participants in the oil market. It is those who began to view physical oil merely as a financial asset within a portfolio; these are the institutional-investors or index speculators.
Hiding as commercial accounts, thru a Commodity Futures Trading Commission exemption to avoid speculative position limits, these institutional-investors use commodities index-futures to hold positions in oil. But not as traditional buyers of oil would, but as financial speculations. This feeds the demand side, without ever, actually demanding oil. Eighty two percent (82%) of WTI futures [net increase from 01/01/03 to 03/12/08] was purchased by institutional-investors [Testimony of Michael Masters before the Committee on Homeland Security and Governmental Affairs, U.S. Senate, p.3, May 20, 2008].
He further notes that Index Speculators “never sell” their positions but, “roll their positions by buying calendar spreads.” True, their positions are closed but then they are continuously reopened. According to Michael Masters the increase in institutional-investor position’s on WTI futures increased 539% over five and one-quarter years [102% per year on average]. Momentum in price attracts attention and so more and more institutions enter trades, ratcheting the price upward. How can experts claim that such an influx of non-traditional buyers into index-futures, at this magnitude, does not effect spot prices?
Answer: they cannot. The pricing signal that index-speculators are sending to the spot market is a false signal. Their financial demand is only for oil futures, not barrels of oil. For persons to claim it is really the huge demand [2% per year + marginal decline] or supply disruptions [that never happen] is to be otherwise engaged. When oil commodities futures index prices rise the spot price must also increase to avoid contango. The degree of self-interest in this issue is very high; what that will mean for financial reform is left to the cynicism of the reader.’
Rush is either kidding or has lost his mind...hope it’s the former.
Joe Kennedy was a major reason for the Great Depression by shorting the market and then forcing a crash. What if Soros or somebody did the same thing. Imagine Shorting Chase or Citi and then starting this collapse, you would make $Billions while installing your candidate.
Pray for America
Also, we expect wacko theories from the left who see a conspiracy around every corner...however, the right has in general been more sensible...I can not believe Rush is serious.
Really, you have a link for this assertion about Kennedy? The old story is that Joe knew it was time to get out of the market because a shoeshine boy confided he had bought stock. Joe reasoned that if a shoeshine boy bought stock...there were no buyers left...the rest is history.
There is no way such a large conspiracy would remain secret for long-no one can keep their mouths shut these days...everyone wants to find some deep dark conspiracy in everything that reaffirms a political belief-left or right...it’s nonsense. The traders took bad risks...gambled essentially and as in 29 they paid the price for their irresponsibility, and unfortunately they bankrupted the country.
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