Do You Understand What Just Happened To The Economy And Who Is Responsible?
ByHere is much of what I have gleaned over time, watching what’s been going on and putting 2 and 2 together:
Fuel was used as a primer to set off the Mortgage backed securities bomb they set up. Democrats and leftists, and anti American activists globe wide are connected to this. No nuclear, no oil, no natural gas, no hydro-electric projects, nothing economical was allowed to pass without crazy efforts by different factions of the left to stop them.
Then petro prices. Goldman Sachs and Merrill Lynch, both good friends of democrats, thick as thieves, pushed investors hard to invest in petro futures which helped drive it up higher than supply and demand could ever come close to.
There is a whole story behind the Czar of Obama’s who is supposed to be watching banks having been employed by Goldman Sachs, Still holding a board position at Goldman Sachs, allowed to invest over 1 million $ in Goldman Sachs, while he is supposed to be watching Goldman Sachs … HOW COZY IS THAT?
Not only that, in Chicago’s Carbon Exchange, both Goldman and the Czar are heavily invested, and the owners of the Exchange are good friends and allies of Obama in Chicago!
The whole plan was pretty simple, it was to stop fuel production so that when petroleum prices were driven up, the economy would come to a halt, which would blow up the credit crisis set up and waiting for this, by the left.
Conveniently perfectly timed for the presidential election!
11 Comments
December 11th, 2009 at 8:27 am
You have it, funny those guys are mentioning Glen Beck when he doesn’t have a grasp on the fuel component of all this yet. It has the left’s finger prints all over it. There is real evidence and tons of circumstantial evidence. Massive mounds of evidence of causal factors which are so immense that ignorance between all of the same people who pushed both components of this would have to be a real lotto shot for odds.
December 11th, 2009 at 9:49 am
It could have something to do with it. I understand your point, but I think the economy was a ticking time bomb from the Clinton Admin. When Fannie Mae and Freddie Mac were opening the doors to sub prime mortgages.
Fuel prices had much to do with the overall economy, but I don’t think it was a conspiracy to destroy the economy. I think it was greed.
December 11th, 2009 at 11:20 am
This is how they operate. Create a problem and waite. The timing was perfect. Now they know obama will not win another election. When this health care bill starts creating havoc and cap and trade are breaking the middle class, it will be election time. In 2016 they will once again say look what happened after they took over. Our cycle starts over.
December 11th, 2009 at 3:51 pm
Very good. We need to inject the sub-prime conspiracy… Barney Frank was the lieutenant on that one.
4.7% unemployment
Record tax cuts…
Record stock market
Record home values…
2006 the Dems take congress…
2007 recession begins.
December 11th, 2009 at 8:13 pm
That is too simplistic even for the conspiracy theory that it is. Read a book. I don’t pretend to have a complete grasp on the economic downfall of the US, but I’m trying to by reading things like books.
December 11th, 2009 at 9:45 pm
wow i know about the government forcing banks to give poor people loans they could not qualify for otherwise but i would not be surprised if your plot is true , the rich powerful socialists may be wrong be they are smart
December 11th, 2009 at 9:57 pm
It was deregulation that caused this.
December 12th, 2009 at 4:45 am
Alan Greenspan totally discredited the Libertarian doctrine of deregulation, which started in the Clinton years with the 1999 Gramm-Leach-Bliley banking deregulation act, which passed with overwhelming support of both parties in both houses of Congress.
Goldman Sachs just posted a world record profit in July. They have paid back their TARP bailout to escape from following the TARP rules.
The Obama admin should be breaking them up into smaller companies, so that it is not “too big to fail” anymore.
But of course, Obama’s banking czar is on the board of GS, so nothing of the kind is happening. Yes, just as cozy as the time FDR picked Joe Kennedy to be the first head of the SEC.
You know Joe Kennedy, the biggest Wall Street crook of the Depression era? He was the Madoff of the day. Note that both Kennedy and Madoff are staunch Democrats.
The whole SEC should have been fired and replaced, after Madoff and the bogus deal the SEC made with Bank of America, which was tossed out by a federal judge because this supposedly regulatory action against BofA was just more of the same crime BofA was supposed to be getting punished for.
On the anniversary of the failure of Lehman Brothers (to remind us of something bad that happened during the previous administration), Obama made a speech in which he said himself that he is aware the the supergiant financial houses could go back to the same reckless practices that crashed the economy. He said himself he is aware that they could hold the economy hostage again and demand huge bailouts to avoid accountability for their recklessness.
They are still operating in the same regulatory environment that they did when they crashed last year. Why would anybody expect the same outcome won’t happen again?
But all Obama did was shake his finger at them and threaten to frown at them if they did it again. Just like he did with North Korea. And we know how that turned out.
Obama is fully aware of the ticking time bomb in the financial world, and he is choosing to pursue cap & trade and health care reform instead. He is intentionally setting us up for crash after crash, just like Hoover did at the start of the Depression.
Obama is intentionally maneuvering the USA into another major Depression, so we will be at his mercy.
December 12th, 2009 at 8:39 am
Sorry…wrong again. Better go “glean” some more until you glean up some facts.
December 12th, 2009 at 11:25 am
If you say so Glenn, if you say so.
December 12th, 2009 at 3:29 pm
and notice how the oil spike deflated right when Pres. Bush and normal people started pushing for more US drilling? I think the global warming wing of the democrat asylum was scared as much as the speculators were. That was a very abrupt change – Soros and arab allies going from long to short, as a team?
And you know banks loan out more money than they actually have? Team Obama could have bought some puts, withdrawn large sums from Lehman, start rumours that large deposits were being withdrawn – and then Lehman would suddenly need to borrow lots of money at a time when it was hard to get. Hard to get the timing exact, but notice how close it was to 9/11? Speculators would see the large short positions and rumours, and jump on – low share price prevents Lehman from raising funds by selling shares.
And the mortgage situation wasn’t just from threats of lawsuits against banks, It was MOSTLY the SUBSIDIES of the market, with fannie and freddie (corrupt democrat sinecures) buying all kinds of crappy paper from banks. A banker that didn’t jump on the gravy train would likely get replaced by shareholders.
Democrats mostly don’t make their living in the free market. They are lawyers, govt. workers, activists, welfare cases and the wealthy.
They are unafraid of crashing the economy, they assume they’ll be OK till it’s repaired.