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Old 09-20-2008, 05:32 AM   #1
Andre
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Default Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial System"



Courtesy of The New York Times

Quote:
Congressional Leaders Stunned by Warnings
By DAVID M. HERSZENHORN

WASHINGTON — It was a room full of people who rarely hold their tongues. But as the Fed chairman, Ben S. Bernanke, laid out the potentially devastating ramifications of the financial crisis before congressional leaders on Thursday night, there was a stunned silence at first.

Mr. Bernanke and Treasury Secretary Henry M. Paulson Jr. had made an urgent and unusual evening visit to Capitol Hill, and they were gathered around a conference table in the offices of House Speaker Nancy Pelosi.

“When you listened to him describe it you gulped," said Senator Charles E. Schumer, Democrat of New York.

As Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the Banking, Housing and Urban Affairs Committee, put it Friday morning on the ABC program “Good Morning America,” the congressional leaders were told “that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and globally.”

Mr. Schumer added, “History was sort of hanging over it, like this was a moment.”

When Mr. Schumer described the meeting as “somber,” Mr. Dodd cut in. “Somber doesn’t begin to justify the words,” he said. “We have never heard language like this.”

“What you heard last evening,” he added, “is one of those rare moments, certainly rare in my experience here, is Democrats and Republicans deciding we need to work together quickly.”

Although Mr. Schumer, Mr. Dodd and other participants declined to repeat precisely what they were told by Mr. Bernanke and Mr. Paulson, they said the two men described the financial system as effectively bound in a knot that was being pulled tighter and tighter by the day.

“You have the credit lines in America, which are the lifeblood of the economy, frozen.” Mr. Schumer said. “That hasn’t happened before. It’s a brave new world. You are in uncharted territory, but the one thing you do know is you can’t leave them frozen or the economy will just head south at a rapid rate.”

As he spoke, Mr. Schumer swooped his hand, to make the gesture of a plummeting bird. “You know we’d be lucky ...” he said as his voice trailed off. “Well, I’ll leave it at that.”

As officials at the Treasury Department raced on Friday to draft legislative language for an ambitious plan for the government to buy billions of dollars of illiquid debt from ailing American financial institutions, legislators on Capitol Hill said they planned to work through the weekend reviewing the proposal and making efforts to bring a package of measures to the floor of the House and Senate by the end of next week.

Lawmakers in both parties described the meeting in Ms. Pelosi’s office on Thursday night with Mr. Paulson and Mr. Bernanke as collaborative, and that they were prepared to put politics aside to address the needs of the American people.

While Democrats initially said after the meeting that they planned to use the administration’s proposal of a huge rescue effort to win support for an economic stimulus package, they pulled back slightly on Friday morning, saying that their top priority was to help put together the bailout package and stabilize the economy.

But it was clear they continued to examine ways to make clear that the government was stepping up not just to help the major financial firms but also to protect the interests of American taxpayers and families by safeguarding their pensions and college savings, and by preventing any further drying up of consumer credit.

In addition to potential stimulus measures, which could include an extension of unemployment benefits and spending on public infrastructure projects, Democrats said they intended to consider measures to help stem home foreclosures and stabilize real estate values.

Among the potential steps Congress can take include approving legislation to allow bankruptcy judges to modify the terms of primary mortgages — authority that the bankruptcy laws do not currently allow and that the banking industry has strenuously opposed.

But the Democrats said it was too soon to discuss such details, and that they were awaiting a draft of the proposal from the Treasury Department.

“We have got to deal with the foreclosure issue,” Mr. Dodd said. “You have got to stop that hemorrhaging..If you don’t, the problem doesn’t go away. Ben Bernanke has said it over and over again. Hank Paulson recognizes it. This problem began with bad lending practices. Those are his words, not mine, and so this plan must address that or I’ll be back here in front of a bank of microphones at some point explaining the next failure.”

Even before the drafting of the plan was complete, the Bush administration and the Fed began efforts to sell the idea of a huge rescue to potentially skeptical rank-and-file members of Congress. Mr. Paulson and Mr. Bernanke held a conference call with House Republicans to explain their thinking.

Senator Richard C. Shelby of Alabama, the senior Republican on the Senate banking committee, said in a television interview that cost to the government of purchasing bad debt could run to $1 trillion — a potential warning sign since Mr. Shelby is a longtime skeptic of government intervention in the private market.

Until Mr. Shelby was interviewed on Friday morning, officials on Capitol Hill had been careful not to discuss specific figures, though the rescue envisioned by the Treasury Department clearly entails a government appropriation of hundreds of billions of dollars.
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Old 09-20-2008, 05:39 AM   #2
Soul Sequence
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

investigative journalist, Editor, Christopher Story FRSA
http://www.worldreports.org/news/170...e_of_emergency

DER FUHRER'S ESCAPE ROUTE: PRETEXT OF AN ECONOMIC STATE OF EMERGENCY
London, 18th September 2008: The President of the United States, George W. Bush Jr., who is responsible for this crisis, is reported to us by impeccable American sources to be considering a proposal to escape (as he imagines) the legal and perhaps capital consequences of his serial financial criminality by adopting the following stratagem:

• Announcing an Economic State of Emergency.

• Closing down the Government as currently structured.

• Replacing it with a Junta protected by Martial Law.

• Thereby escaping from his international Settlements obligations, and:

• Thereby avoiding indictment for High Crimes and Misdemeanours and Treason.

This information is NOT a rumour. Its status is that it is A PROPOSAL.
That is what we have been told. It is a LIVE PROPOSAL to save the rats.

The chaotic fumbling and cack-handed behaviour of US policymakers is so gross as to allow us to presume that IT REALLY IS TRUE that these fools are concerned EXCLUSIVELY about saving their skins, irrespective of the interests of the American people and of the Rest of the World. Ironically, though, as they seek to protect their backsides, the roof is falling in and the wealth that they stole for themselves is in the process of being destroyed. So they now seek for company in the hell they have created: they may prefer to pull the Rest of Us down to the Deep with them.

Timing? According to our 'special' information, the rats are waiting for the Congress to recess with effect from 1st October, pending the Election. Congress will not, as currently planned, be sitting from 1st October to the Election. Senator Dodd, Stalin's grandson, is reported to have been trying to obtain the go-ahead for hearings on the global criminal finance crisis to be convened during the period currently allocated for the Election recess. At the time of posting, we do not know whether these hearings will take place. But that is not a material factor at this juncture.

Meanwhile the Samson option is being applied, hastening the prospect of such an outcome. The impression is gaining ground, in parallel, that the World Class criminals have LOST CONTROL.

THE 'MAINSTREAM' HAVE STILL NOT GRASPED THAT THIS IS A CRIMINALITY CRISIS: PERIOD
This service differs from the 'mainstream' in that our perspective reveals that this is a crisis (which we predicted) that is attributable exclusively to ORGANISED CRIMINAL OPERATIONS that have been allowed to run wild inside a vulnerable financial system sustained by the cosy cult of 'one world' and globalism WHICH IS A COVER FOR CORRUPT FINANCIAL COUNTERPARTY TRADING.

The crisis has been allowed to eventuate because REGULATORS GAVE UP REGULATING. Take the behaviour of the Financial Services Authority (FSA), if we may criticise a British entity for a change. On 22nd August Bloomberg carried a report entitled 'Large Number of Banks Mis-Marked Assets, UK Regulator says'. Er, yes: Like we were saying LAST YEAR ALREADY.

The British regulator elaborated that incorrect securities pricing found at Credit Suisse Group AG, Morgan Stanley and Lehman Bothers Holdings, Inc., is more widespread and will be investigated. Bloomberg's report added that 'the Financial Services Authority said that it will begin the probe next year after finding that securities valuations at a 'large number' of London banks were said to be 'materially flawed or inadequate''. NEXT YEAR? NEXT YEAR? WHAT DID YOU SAY??

Lehman has gone belly-up: so quite clearly, any FSA examination of securities mispricing at that institution would, er, be somewhat wasteful of the FSA's resources, nicht war? How does it know that the institutions that it plans to investigate next year will still be around? We ought to be told.

IMPLEMENTING THE SETTLEMENTS = SELF-INCRIMINATION
As readers of our services are only too well aware, the Bush-Clinton-Bush Fraudulent Finance Network supported by The George Bush Center for Intelligence (the CIA, Langley), intermediaries and their corrupted banking associates, have been co-conspiring for over a decade and a half and more (and specifically since the hijacking by 'Paulson' of the $4.5 trillion released to finance the on-the-books giga-refinancing operation that should have kick-started the rehabilitation of the United States' finances with effect from June 2006), to AVOID PAYING ANY SETTLEMENTS AT ALL.

Their sole objective all along has been to AVOID MEETING THEIR AGREED-UPON OBLIGATIONS.

The underlying reason for this sabotage, and for their holding the whole world to ransom, has been, and remains, that IN MAKING THE SETTLEMENTS PAYMENTS, THEY SELF-INCRIMINATE.

The subsidiary reason for their sabotage of the Settlements, and thus of the whole world, is that they believe they have the RIGHT to enrich themselves by exploiting public office, which has given them cover for their fraudulent finance and endless stealing and misappropriation activities. Now that they are pinned against the wall, the intransigence of Bush Jr.'s Führer mentality prevails. It feels a lot safer in the Bunker, so let's all stay here. Heil Hitler!

Of course their fear of self-incrimination is quite mad, since each successive application by the highest-level criminalists, led by Bush 41 and Bush 43, to the World Court for 'immunities', by which is meant ONLY 'transactional immunity' although the crooks may not realise this, betrays the quite obvious fact that THESE PEOPLE KNOW PERFECTLY WELL THAT THEY ARE CRIMINALS. They have already scattered such a crowded trail of gross culpability that they know that, come the end of this Administration, their life expectancies may indeed wind up being somewhat truncated.

There is increasing evidence that not even the traditional Nazi hidey-holes in South America are overjoyed at the prospect of these World Class US criminals winding up in local haciendas. That may explain why, all of a sudden, Bolivia has been added to the list of countries officially asserted by the US Government to be sponsoring terrorism (which is just what the 'Box Gang' et al DO; see below). Bolivia probably said 'NO WAY ARE WE HAVING YOU HERE', so it's crude retaliation.

Please correct us here if we're wrong, Uncle Samuel.

THE HIGHEST-LEVEL CRIMINALISTS ARE SPONSORS OF TERRORISM
By systematically blocking the immensely delayed Settlements, the Bush-Clinton-Bush Organised Crime Nexus and the George Bush Center for Intelligence and Terrorism (a.k.a. CIA, Langley) are themselves engaged in SPONSORING ECONOMIC WARFARE, NAMELY, TERRORISM.

They are holding the entire world to ransom by creating the 'Black' conditions for the wholesale destruction of value, with the deliberate criminal (Fascistic) intent of picking up real assets at cents on the dollar. THAT IS THE CRIMINAL OBJECT OF THE EXERCISE.

Or would you like us to be more specific? The holders of the highest US offices that we have often identified in our earlier reports ARE INTERNATIONAL TERRORISTS cowering behind their 'War on Terror', in accordance with the familiar norms of double-mindedness, which is the 'Black' hallmark of all these people. They have been pushed so hard against the wall that they are now compelled to react minute by minute to the hammering they are receiving as an overdue consequence of their avarice, their bovine refusal to fulfil their obligations, their systematic obstruction of justice, their endless thefts and misappropriations of other peoples' monies, and their determination to prevent the Settlements that we and others, headed by the Group of Seven financial powers plus Russia plus China and other key countries, plus Her Majesty The Queen, are insisting WILL BE PAID.

On Wednesday evening, the George Bush Center for Intelligence attempted to destabilise our relationship with key highest-level Trustee sources by casting doubt upon the veracity of these sources, who have provided the Editor with the benefit of 'special' information for the best part of two years. The sources could not possibly have placed such matters in writing, so that their input could be printed out and held for safekeeping in our paper files, unless the information they have been providing was bona fide and accurate as perceived at the time. Deliberately disseminating false information is a criminal offence in the United States.

When the Editor pointed this out on the transatlantic line for the benefit not least of the multiple international eavesdroppers, and refused to go along with the CIA's crude attempt to destabilise the Settlements using the Editor as a conduit, their nasty little ploy collapsed.

This is the latest attempt to compromise the Editor, about which we were warned on Friday 22nd August. The message then was that George H. W. Bush Sr. had ordered his apparat to compromise and 'take down' the Editor of this service. Shoot the messenger is the name of the filthy game.

SETTLEMENTS PROCESS IS AN INTERNATIONALLY APPROVED MONEY LAUNDERING EPISODE
The elaborate arrangements agreed by the world's leading financial powers (the Group of Eight + important others), sanctioned by Her Majesty The Queen both via her appeal to the Group of Eight at their June 2007 meeting in northern Germany, and through her own financial support lodged with Citibank, represent, crudely put, an UNAVOIDABLE ONE-OFF TRANSFER OF FUNDS ONTO THE BOOKS, so that all the money applied by the Settlements is clean.

It is money-laundering, but it has been agreed at international level as the SOLUTION. It should have happened 28 months ago. Bush 43 impeded the Settlements on instructions from his father who, as the forthcoming DVD exposure will reveal, blackmails him. The Bushes and their allies are accordingly incriminated and have experienced undiluted hell while in office because, unlike their predecessors, THEY HAVE BEEN FOUND OUT AND HELD TO ACCOUNT.

• THEY NEVER THOUGHT THAT THEIR CRIMINALITY WOULD CATCH UP WITH THEM.

They thought the carousel would continue for ever, like all gamblers. And because they are all criminals, they have no concept of the Rule of Law. On the contrary, their model is Emile Dirkheim (1858-1917) who postulated a corrupt environment in which criminal behaviour is the norm, and adherence to the Rule of Law is considered eccentric, stupid and pointless. It has come as a nasty shock to these criminal operatives to find that they have been opposed while they weren't looking. No, they were all too busy with their filthy noses in the pigsty trough.

The US criminalists were seeking, as late as the evening of 17th September 2008, to PREVENT this process which, in parallel with the application of the Basel-II standards in the US banking sector, jointly conspire to make life FAR MORE PROBLEMATICAL FOR THE CRIMINALISTS.

Yet on the other hand, in line with the double-mindedness standard, the CIA has its own axe to grind even though it serves the interests of George Bush Sr.; and we cannot go into further details about this here. The point is that Langley faces all ways and disrupts everything at the same time.

So, right up to far beyond the last minute, the biggest and most ruthless players have been trying to re-order the remaining pieces on the chessboard and to discredit or to squeeze out certain key players so as to steal their money or cut them out. The Editor and a colleague were able to identify just such an operation on 17th September, and to put a stop to the intervention in question. We have explicit evidence that this has been going on and we believe we STOPPED THAT PROCESS.

We are sometimes in a position to have direct input because we have been used for a long time as a conduit: everybody 'in the know' knows this, and the international and US eavesdroppers know exactly which lines to tap by voice recognition and the open lines we use. Using open lines is an advantage because (a) we have nothing to hide, (b) we can let 'them' know what they need to know as well as what 'they' would prefer not to hear, and (c) as happened on Wednesday evening, when they try to exploit our bona fides and communications for nefarious ends, we can spike their guns.

'SETTLEMENTS DELAYED UNTIL 18TH SEPTEMBER'
As you will realise we try not to report 'real-time' Settlements events, which in this climate can be treacherous, given that phone calls with variations on previous information follow one another like biscuits falling out of a packet. However we break this rule in this instance:

• The European Central Bank and the Bank of England requested, late on 17th September, that the Settlements be postponed until Thursday 18th September 2008. Previously, as of 2.00pm EDT on Wednesday, the message from the highest level was that 'all papers are in from the World Court and a window of 'afternoon New York' is in effect, for closing' (repetition of a familiar theme).

• The 12 key countries and the World Court agreed to this request.

• We are assured that this is accurate by highest-level staff for a Head of State.

• It was separately reported to us earlier that the French authorities, smelling a rat, or many rats, indicated forcefully that they would not allow Paribas to release until they had categorical, cast-iron, armour-plated assurances that the funds would be directed to where they are intended and that there can be no thefts of funds along the way.

• The implosion of false values at institutions that have been involved in this fraudulent finance carousel equates to a 'Samson option' in terms of outcome, and all concerned are on guard against the danger that the criminalists' cadres will scoop up the Settlements payments as they fall through the cracks in the collapsing financial sector infrastructure.

• Nota bene that, at this juncture, the one institution that has not yet experienced the wrath of the financial tsunami (the prevailing episode, that is) is none other than Citibank, wherein resides, as you will most certainly recall, the $6.2 trillion LOAN MONEY made available to prevent that bank from collapsing and to replace the stolen and repeatedly multiplied $4.5 trillion originally made available for the refinancing of the United States that should have kick-started in June 2006. The sources of that LOAN are Her Majesty the Queen and Prince Al-Waleed bin Talal bin Abdulaziz.

HOWEVER, IF THE CRIMS CAN DELAY UNTIL CONGRESS HAS CLOSED DOWN, THEY WILL
This posting serves as a direct warning, therefore, to all concerned that the PROPOSAL that is being considered by the White House, and was probably a primary issue discussed when the key criminalists met for a day-long session in the White House on Tuesday 16th September, is NOT a rumour. If they can, they WILL close down the Government after 1st October, declare an Economic State of Emergency, impose Martial Law, cancel the Election and BOOM: all of a sudden, you will have the dictatorship THAT THE FUHRER TRAILERED DURING THE 2000 ELECTION, when he uttered the memorable comment:

'It would be best if we had a dictatorship, so long as I'm the dictator'.

Now, the Editor has to add that we believe, right now, that Navy Seals, elements of the US military, and other forces are not enamoured of this prospect. However, given the sheer scale of the bribes that have been dished out by these rat-a-tat-tats, they may just try to pull it off. And at the self-same time, you are watching lesser rats eat each other for breakfast, lunch, tea AND DINNER.

Why are our hearts not exactly bleeding at this development?

THE KEY TO RESOLUTION REMAINS THE $6.2 TRILLION
Any further messing about, and The Queen and the Prince are entitled to call their $6.2 trillion with compound interest (and possibly the proceeds of illegal usage by Citibank of their funds, as well).

Any argument on this score, and the British Government is entitled to freeze all US bank accounts in the City of London as previously mooted by this service. The frauds have been perpetrated inter alia against Her Majesty The Queen (which is why notorious parties 'and associates' keep lying that The Queen is a perpetrator, which is the reverse of the truth: those they 'work for' are the bandits and scamsters. We are advised by US OFFICIAL SOURCES that the disinformation is spewed out in accordance with the requirements of G. Bush Sr. and the George Bush Center for Intelligence).

YES, calling the $6.2 trillion would be economic and financial warfare, and it could then be argued that DVD Dachau, would have won. But WAIT A MINUTE HERE. We haven't published our lengthy catalogue of the abominations, atrocities and subversive operations that the ruthless pan-German Nazi 'Black' agency have perpetrated against the 'Main Enemy', Britain and the United States, yet. That is to follow, and appears already on pages 3-12 of Global Analyst, Volume 3, #1, to be published next week. It will expose that enemy and will deliver a body-blow to their operations. Lenin taught that EXPOSURE is the weapon they all fear most. On this point alone, we agree with Vladimir.

A meeting took place in Downing Street yesterday which may have referenced the $6.2 trillion.

If we are going to descend down to the hell of economic and financial warfare, the huge loan funds placed with Citibank and held in the suspense account there, representing REAL cash monies, i.e CLEAN, on-the-books funds, will necessarily have to be withdrawn, and Citibank will then join the US investment banks that are competing with each other to be the next to collapse.
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Old 09-20-2008, 05:58 AM   #3
Phtha
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

Quote:
WASHINGTON — It was a room full of people who rarely hold their tongues. But as the Fed chairman, Ben S. Bernanke, laid out the potentially devastating ramifications of the financial crisis before congressional leaders on Thursday night, there was a stunned silence at first.
Stunned silence my ass. I find it hard to believe that they are really all unaware
of the whole agenda. Or are they all truly just that far lost in their materialistic reality?
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Old 09-20-2008, 06:36 AM   #4
Arkan
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

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Originally Posted by Phtha View Post
Stunned silence my ass. I find it hard to believe that they are really all unaware
of the whole agenda. Or are they all truly just that far lost in their materialistic reality?
I found that strange too. Either way, it's bad for us and good for the NWO..........for now.





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"The Earth travels 19 miles a second. So why go anywhere?" Jose Arguelles

Last edited by Arkan; 09-20-2008 at 07:39 AM.
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Old 09-20-2008, 07:02 AM   #5
jcocks
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

It is my honest opinion that, although it was always planned for the world economy to collapse, it was never meant to happen like this. This wasn't in their plans - u can tell by the reactions that have been forthcoming from the governments of the world. The world ecxonomy is quite literally on life-support, with reserve banks pumping billions, if not trillions of dollars into it to keep it afloat.

And as for the "bad debt" fund the american government is setting up to buy bad debts off financial institutions in trouble.... I have done enough ecxonomics in high school to know you can't just make debts dissappear... Just what do they plan to do with the bad debts they buy??? Still, I guess the american government is so deep in debt these days that a few hundred billion dollars of extra bad debt isn't really going to be noticed...
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Old 09-20-2008, 08:42 AM   #6
Mori
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

This website gave me a chuckle for a moment about this whole ordeal. It presents the 71 Enrons throughout history as well, so in effect this is nothing new. Different cast of characters, same movie.

http://www.enterprisecorruption.com/?page_id=405

It also reminded me of 1933 when U.S corporation decided to sieze all the gold from the public to pay the debts. It's time to dig a hole in the backyard.
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Old 09-20-2008, 09:38 AM   #7
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

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Originally Posted by Mori View Post
It also reminded me of 1933 when U.S corporation decided to sieze all the gold from the public to pay the debts. ...
American then were forbidden to buy gold or trade in gold. Only foreigners could. All the gold went to Ford Knox. Somewhere in 1976 all that gold was gone. Were did it go?
Probably it's in Europe now. Some say it's in Japan.
They call this the greatest theft ever... without the public ever knowing.

Well, there's a theft going on now that maybe will be even greater. It feels to me as if they are institutionalizing great thefts now.



Maybe making the public pay for the "bad banks" won't change much indeed, as mentioned above, since debt is already skyhigh. But as this graph shows clearly, you cannot go on like this. This is a situation that has to explode. That's what they're counting on, isn't it?
And then what happens?
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Old 09-20-2008, 10:38 AM   #8
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

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Originally Posted by jcocks View Post
It is my honest opinion that, although it was always planned for the world economy to collapse, it was never meant to happen like this. This wasn't in their plans - u can tell by the reactions that have been forthcoming from the governments of the world. The world ecxonomy is quite literally on life-support, with reserve banks pumping billions, if not trillions of dollars into it to keep it afloat.
How else would you expect it to happen? It's a collapse, it has to be sudden and dramatic. The pumping money into it is all a part of it, don't you think? I don't think they are 'really' trying to save it. They know what they did to get it to this situation, I really don't think it's crept up on them. No accidents here
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Old 09-20-2008, 11:23 AM   #9
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

what do you expect. you have a private corp which makes money by controlling and loaning us our own money. they create an expedient situation in which they tell us they know better and if we don't do this and that we're screwed,and everyone fall in line. their plan in lend us more money to pay for their bad debt. what a crock of crap! let the chips fall were the may and we'll deal with it and start anew. that's the only fair beginning we can hope for to make changes from the start i only hope that there are members in congress who see through this and fight.
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Old 09-20-2008, 11:32 AM   #10
pineal-pilot-in merkabah
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

planned collapse!!! they are just keeping it afloat till october.
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Old 09-20-2008, 07:47 PM   #11
Mori
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

When everything is said and done, I don't remember the exact year the law was passed 1955-56 (I think) In order for a debt to be a public debt, the public must have had benefit of the debt. If the public receives no benefit from the debt then it is not a public debt.

Where is the public benefitting? Right on, no benefit at all ergo this is not a public debt. The Supreme court has upheld this law in the past and maybe we can count on them to do their job again. Both times in the past it was upheld the debt was wiped off the public record. The cases this occurred were in 1972 and 1991 ( I think ).
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Old 09-20-2008, 07:55 PM   #12
colesmommy1117
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

Mayan prophecy is happening right now. it's awesome.
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Old 09-21-2008, 09:38 AM   #13
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

update : (death threat)

Thursday 18 September 2008 03:00
• TRIPLE GUNSHOT THREAT PHONE CALL TO THE EDITOR:

At 1.40pm UK time (8.40am EDT) today, 18th September 2008, the Editor's main phone rang. The Editor does not answer calls but all our incoming calls are checked. The message consisted of:

• THREE SUCCESSIVE GUNSHOTS: GUNSHOT. GUNSHOT. GUNSHOT. End of phone message.
Some people have chosen to MISINTERPRET what is said here. The message was not the WORD 'gunshot', but a recording of three ACTUAL GUNSHOTS. We thought that was obvious.

All incoming phone calls are recorded on our voicemail system. The Editor was present when this incoming call was received and reported it immediately to third parties who have annotated this event in their records. The voicemail system has recorded all incoming phone calls we received before and after 1.40pm. THE GUNSHOT MESSAGE WAS NOT PICKED UP BY THE VOICEMAIL.

This indicated that it is an intelligence operation. The Editor has been advised that prime suspects are George Bush Sr. (41), the George Bush Centre for Intelligence and Terrorism (CIA, Langley), and John Scarlett, head of MI6/General Operations-2 (GO-2), Vauxhall, London. The direct shooting threat arises from the Editor's exposures of the financial criminality and from our trailing of the DVD report, which will incriminate DVD and Bush 41 inter alia in the nuclear arming of Iran. The Editor has made sure that relevant 'Friends' know about this explicit threat (Number 17), and we report this information for international and domestic official and public consumption so that if anything now happens to the Editor, the whole world will know that this is a DVD operation.

• THREAT UPDATE: At 18.54 pm UK time, 'Patrick H. Bellringer', operator of a US website, who has often posted our reports in breach of our copyright, and who posts reports by one or more agents using the name of Vice President Richard B Cheney's home town in Wyoming 'and associates', sent the Editor the text of his response to a correspondent, in which he employed infantile language to traduce Her Majesty The Queen and ventilated a childish obsession about Americans being 'serfs' of the British Monarch. This kind of 'Roughneck' idiocy would normally be overlooked as indicative of a low, uneducated mentality. However 'Bellringer' sent this communication DIRECT to the Editor some hours after the 'gunshot threat voicemail' referenced above. He ended his observations with the following statement; 'We will soon be rid of her [The Queen] and of Story, too'. In the light of the above, the Editor naturally interprets this A FOLLOW-UP DVD THREAT and provocation.

What other interpretation, in the context, is possible here? To utter threats is a criminal offence in both the United Kingdom and the United States. We suggest that serious US observers might take the appropriate decisive steps under the Misprision of Felony Statute: US Code, Title 18, Part 1, Chapter 1, Section 4: Misprision of Felony: 'Whoever, having knowledge of the actual commission of a felony cognizable by a court of the United States, conceals and does not as soon as possible make known the same to some Judge or other person in civil or military authority under the United States, shall be fined under this title or imprisoned not more than three years, or both'.

• UPDATE, 19th September: 'Bellringer' has sent the Editor TWO obscene emails this morning. We will not stoop to his level by reproducing them, but of course they are printed out and on file. In one email he tries to imply that he didn't send the 'threat' email, but unfortunately it was contained in an answer to another correspondent, so that lie won't fly. It is well known that when the cover of such operatives is blown, they resort immediately to low knee-jerk verbal obscenities and abuse.
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Old 09-21-2008, 12:31 PM   #14
ChristinCP
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

Quote:
Originally Posted by jcocks View Post

And as for the "bad debt" fund the american government is setting up to buy bad debts off financial institutions in trouble.... I have done enough ecxonomics in high school to know you can't just make debts dissappear... Just what do they plan to do with the bad debts they buy??? Still, I guess the american government is so deep in debt these days that a few hundred billion dollars of extra bad debt isn't really going to be noticed...
Most of the money and debt is an illusion. David Icke has good material on this. I feel much more confident now that the economy will heal itself in ways no one expects. David Wilcock has handled this issue as of late.

"It completely falls in line with prophecies I’ve already given about the "self-organizing economy" where novel solutions appear at peak moments of chaos.
To say it another way, a "global economic collapse" is a fantasy that will never actually happen, because the economy is a so-called complex adaptive system. This means that major upheavals like this are not a bad thing — they stress the system and create emergent properties — creating a more-evolved system than had existed before."

http://divinecosmos.com/index.php?op...=405&Itemid=70
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Old 09-21-2008, 02:32 PM   #15
alice goes nuts....
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

i find it funny that these idiots really dont think at all, evreything they are going after is an illusion. like us, and everyone think they (illuminati) know so much, they dont!!! they are as demented as the rest of us. And in the big picture, slavery will always end, and the master will loose everything, this is a natural sycle, we can observ this from nature it self all the time.

we are as free as we want to be!!!! all this is an illution like their mony, their medisin and their politic....just a bad joke, wake up from this nightmare!!!!!
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Old 09-21-2008, 07:03 PM   #16
Greg222
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

It still amazes me, at this late hour, that nobody points to the real culprits of all this:
a) The Federal Reserve system and
b) Our government, for voting in a) above.
Nobody mentions this, at all, it seems. And the poor, ignorant American people still watch the game like somebody might pull the rabbit out of the hat.
Only solution for the individual? DEFENSIVE MOVES! Get food, water, medical supplies and all other supplies needed for the continuance of life and get it NOW! Plus, get a BERKEY water filter if you have a fresh water supply nearby (lake, stream, pond, etc).
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Old 09-21-2008, 07:05 PM   #17
Zarathustra
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

Quote:
Originally Posted by Greg222 View Post
It still amazes me, at this late hour, that nobody points to the real culprits of all this:
a) The Federal Reserve system and
b) Our government, for voting in a) above.
Nobody mentions this, at all, it seems. And the poor, ignorant American people still watch the game like somebody might pull the rabbit out of the hat.
Only solution for the individual? DEFENSIVE MOVES! Get food, water, medical supplies and all other supplies needed for the continuance of life and get it NOW! Plus, get a BERKEY water filter if you have a fresh water supply nearby (lake, stream, pond, etc).
Greg222
G,

I agree with you, as long as "nobody points to the real culprits of all this" refers to the main stream media.
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Old 09-21-2008, 07:08 PM   #18
Greg222
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

Some of the best commentaries I've seen yet... I can't remember the sources but I'll pass them along:
1) the poker game ends when someone wins all the money. The poker game of our economy goes on as long as everyone has some cash. But the Federal Reserve and the bankers insistance on concentrating the cash in their pocket to win the poker game means the end of the economic system and hence their end also, since the derive their sustenance from us.
2) Since the gov't is so quick to pull out billions of debt money to bail out banks and other mega institutions, why not give those billions to all the mortage holders and other little guys? Then the 'poker game' continues.

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Old 09-22-2008, 10:44 AM   #19
lehomonuka
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

Hiya,
Last week, one night, before i went to bed; I must've taken "both" the red pill & the blue pill because I awoken in a, tom clancey reality demension or in the twilite zone. It appears that BushCorp. is about to do an end-game on Us i read awhile back,prior to seeing it here, something that kerry wrote concerning a web-bot prediction, for this coming week 22-27,culminating oct7, Guess what it is what are we writing about on this thread.
on Oct14 we may see a bluebeam kind a light show for a few days, As far as the election goes, what we're seeing is a pitbull and donky show. have you read some of the other news this week. they're bringing back a whole brigade of our boys back to learn domestic deployment stuff.
An the old chinese curse mentioned something 'bout "interesting times" and these are veeerrryy interesting times indeed

I AM Lehomonuka and I endorse this message

Last edited by lehomonuka; 09-24-2008 at 11:54 PM.
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Old 09-24-2008, 12:41 AM   #20
GodLover
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

I don't understand one thing. Everywhere in the news or on the forums people talk about collapse. In my company, they are only thinking of growth, growth, growth.
Also, the traffic is usual on the roads, and it's really bad. To me, looking around things look the same, no change then why is the economy so bad? Why should it really cause a complete collapse? The smaller companies seem to be doing well and in fact doing better, the mortgage breakdown has not yet spilled into the IT sector, everything else looks normal!
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Old 09-24-2008, 12:51 AM   #21
Mr_mike
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

so i have a question here... what should or what advice could be given torwards 401k accounts. should one pull it out know or wwatch it disapear
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Old 09-24-2008, 03:09 AM   #22
eagleman
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

This Bailout Bill is TREASON and will destroy our Constitutional Republic. The culprit is the FED and the money center banks who have created one or two quadrillion dollars worth of worthless derivatives (bets upon bets of worthless paper). A few quotes from this brilliant article entitled:

NO To The Paulson-Bernanke Derivatives Scam Bailout
Bail Out the American People, Not Wall Street!

An Economic Recovery Strategy for Protectionists,
Dirigists, Mercantilists, and Populists



http://www.rumormillnews.com/cgi-bin...gi?read=132083

PAULSON OF GOLDMAN SACHS, WOULD-BE FINANCE DICTATOR


Paulson is a ruthless and brutal eco-freak usurer who learned his trade at the Goldman Sachs stock-jobbing operation. He is now the leading member of the committee of public safety which rules in Washington, and which includes Gates, Rice, and Mullen. He now demands the astronomical sum of 700 billion dollars for the bailout of mortgage-backed derivatives, collateralized debt obligations, credit default swaps, and other poisonous derivatives. Make no mistake -- this is not a bailout of homeowners who are threatened with foreclosure; it is a bailout of the lunatic house of cards which desperate bankers have built on these mortgages using derivatives.

The entire crisis is not a crisis of subprime mortgages, it is a crisis of the derivatives bubble which was launched by Wendy Gramm of the Commodities Futures Trading Commission and Greenspan of the Fed with the connivance of Robert Rubin of Goldman Sachs and Citibank, and others in the Clinton administration, some 15 years ago.

These derivatives now amount to a total worldwide notional value that can be estimated between 1 quadrillion and two quadrillion US dollars. This sum is so large that it dwarfs the total value of the entire planet earth and all those who live here. Compared to the cancerous, bloated, and fictitious mass of derivatives which is at the root of this crisis, the $700 billion demanded by politicians, large as this may seem, is nothing but a drop in the bucket. And a drop in the bailout bucket is what it will be. The mass of world derivatives between $1 and $2 quadrillion represents an insatiable black hole which is capable of putting an end, not just to civilization, but the human life itself. The moral choice could not be clearer: humanity will either destroy the derivatives bubble in our time, or the derivatives bubble will surely destroy humanity. Those are the stakes in the current exercise.

Paulson and Bernanke, both lawyers for the Wall Street jackals, lampreys, vultures and hyenas, argue that the public interest demands a bailout of their cronies at Goldman Sachs, Morgan Stanley, J.P. Morgan Chase, Citibank, Bank of America, Wachovia, and the other large money center institutions. Before the American public antes up $700 billion just for openers in the game of genocidal poker which run by the infernal croupiers Paulson and Bernanke, we would be very well advised to examine the veracity of this premise.
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Old 09-24-2008, 02:33 PM   #23
Zarathustra
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Default Re: Congress Told: "We're Literally Days Away From Complete Meltdown Of Financial Sys

Quote:
Originally Posted by eagleman View Post
This Bailout Bill is TREASON and will destroy our Constitutional Republic. The culprit is the FED and the money center banks who have created one or two quadrillion dollars worth of worthless derivatives (bets upon bets of worthless paper). A few quotes from this brilliant article entitled:

NO To The Paulson-Bernanke Derivatives Scam Bailout
Bail Out the American People, Not Wall Street!

An Economic Recovery Strategy for Protectionists,
Dirigists, Mercantilists, and Populists



http://www.rumormillnews.com/cgi-bin...gi?read=132083

PAULSON OF GOLDMAN SACHS, WOULD-BE FINANCE DICTATOR


Paulson is a ruthless and brutal eco-freak usurer who learned his trade at the Goldman Sachs stock-jobbing operation. He is now the leading member of the committee of public safety which rules in Washington, and which includes Gates, Rice, and Mullen. He now demands the astronomical sum of 700 billion dollars for the bailout of mortgage-backed derivatives, collateralized debt obligations, credit default swaps, and other poisonous derivatives. Make no mistake -- this is not a bailout of homeowners who are threatened with foreclosure; it is a bailout of the lunatic house of cards which desperate bankers have built on these mortgages using derivatives.

The entire crisis is not a crisis of subprime mortgages, it is a crisis of the derivatives bubble which was launched by Wendy Gramm of the Commodities Futures Trading Commission and Greenspan of the Fed with the connivance of Robert Rubin of Goldman Sachs and Citibank, and others in the Clinton administration, some 15 years ago.

These derivatives now amount to a total worldwide notional value that can be estimated between 1 quadrillion and two quadrillion US dollars. This sum is so large that it dwarfs the total value of the entire planet earth and all those who live here. Compared to the cancerous, bloated, and fictitious mass of derivatives which is at the root of this crisis, the $700 billion demanded by politicians, large as this may seem, is nothing but a drop in the bucket. And a drop in the bailout bucket is what it will be. The mass of world derivatives between $1 and $2 quadrillion represents an insatiable black hole which is capable of putting an end, not just to civilization, but the human life itself. The moral choice could not be clearer: humanity will either destroy the derivatives bubble in our time, or the derivatives bubble will surely destroy humanity. Those are the stakes in the current exercise.

Paulson and Bernanke, both lawyers for the Wall Street jackals, lampreys, vultures and hyenas, argue that the public interest demands a bailout of their cronies at Goldman Sachs, Morgan Stanley, J.P. Morgan Chase, Citibank, Bank of America, Wachovia, and the other large money center institutions. Before the American public antes up $700 billion just for openers in the game of genocidal poker which run by the infernal croupiers Paulson and Bernanke, we would be very well advised to examine the veracity of this premise.
correct
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