Is the financial crisis a "hoax" by the big financials to scare Congress - some economists think so!
Submitted by Ralph Waldo on Sat, 09/27/2008 - 20:09
Is the financial crisis a "hoax" by the big financials to scare Congress - some economists think so!
"I suspect that part of what we're seeing in the freezing up of lending markets is strategic behavior on the part of big financial players who stand to benefit from the bailout,'' said David K. Levine, an economist at Washington University in St. Louis, who studies liquidity constraints and game theory.
More here:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNKGD.bJ...
»
Get a grip. It is pure
Get a grip. It is pure hubris of assholes that think this keynesian economics works.
YES!
Get this scenario. Who cares if some of the financial institutions failed and were absorbed into others. They're probably owned by all the same people. So, they all do all the bad mortgages and derivatives they can, up to their necks. Then, some of them "collapse" and are absorbed into the other financial institutions. Government gives a $700 bailout. Walaa .... 700 billion richer in one fell swoop.
Pay attention to the institutions in "good enuf condition" to buy up the business of the others .... Wells Fargo, Bank of America, and Goldman Sachs.
No accident Paulson was the CEO of Goldman Sachs two years ago, then was tapped by Bush to go to the Treasury.
I think this bailout scheme
is not really about the money involved, as much as it is about the turning over of control to the Fed.
The Fed will have dictatorial powers in black and white, if this bailout passes.
That's what they are after.
They already can do pretty much whatever they want with the money supply, and have proven that over and over.
This is about control.
Could be!
!
Push for the Ameridollar?
If they go through with these bailouts, the dollar is probably going to go over a cliff the way it did in Weimar Germany and become next to worthless. Then they would probably propose to "reboot" the dollar by exchanging the old ones for the new ones, as they did in Germany. It's possible in that case they would push for a North American currency. Pretty hypothetical though, so no one should get carried away and say "Yes, this is the neo-Con plan." We have no idea what the plan is, if any.
Register as Republican and Vote for Ron Paul
the bankers siphoned $125B from your money supply in 4 days
to create more "panic"----mike ruppert said that these bankers siphoned $250B from the Russian treasury in the 90s to bankrupt the economy of the USSR too. it looks like America is next in line in economic sabotage to minimize the power of its citizens for easier implementation of whatever is in store for north america.
Of course...
...it is a hoax. Money itself is a hoax of the federal reserve private banking system.
It's as real as 9/11
Did planes crash into buildings?
Yes.
Did buildings collapse?
Yes.
Was it impossible to stop?
No.
Did the Afghans and Iraqi's do it?
No.
The parallels are there -- this is all engineered.
============================
Glen Beck -- An Exposed Enemy:
http://www.dailypaul.com/node/90198
Glenn Beck Supports NAFTA and taking your job:
http://www.dailypaul.com/node/86643
"...big financial players who stand to benefit from the bailout"
See- thats what makes it smell so bad for me. NOone should "benefit" personally from this bailout.
Live Free or Diebold
i could see this
i could see this happening...it kinda looks like a smoke and mirrors thing. Watch what they do with the right hand, while they do something with the left.
Hoax?
Yes and no. The mortgage backed securities markets and their derivatives and in turn the real-estate market are in decline. This can have a terrible downstream effect. Moreso if there is a bailout and with worse long-term effects.
That is why I believe that we have to come "back together" for another mass uprising. We have an opportunity to bring even more people into the "Ron Paul fold" as it were.
Liberty's Last Hurrah
I......
agree.....it is not being fixed, rather, just a quick fix before the massive splurge of a drug addict.
__________________________________________________________
"The real terrorist's are in this country. They are not planning to blow us up,......... but rather, take our money, our freedom, and our country."
See This Thread For Ron Paul's Opinion on the Matter
http://www.dailypaul.com/node/64753
Bad title
The story does not say that the crisis is a hoax. The proposed bailout may have been designed, therefore a hoax: ``I suspect that part of what we're seeing in the freezing up of lending markets is strategic behavior on the part of big financial players who stand to benefit from the bailout,'' said David K. Levine, an economist at Washington University in St. Louis, who studies liquidity constraints and game theory.
Yes it IS a hoax...go here for the truth
http://worldreports.org/news/174_latest_false_prospectus_fro...
In Christ,
Dave
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In The LORD Jesus Christ;
Dave
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not a hoax
but they do have an incentive not to sell into a fire sale market and risk tripping off a torrent of unknown size of credit default swaps and other derivatives if they think the govt will bail them out. They have assumed a bailout from the beginning. Without a bailout, these people really are scared and should be. They have no clue what might happen. They do know it will be a mess like no other ever seen.
Explain this graph
http://digg.com/business_finance/Federal_Reserve_Intentional...
http://killfiat.blogspot.com/
Yea, I saw that on a prior post
and tried and failed to find some other reference on the 'net to improve my understanding. I am not saying the Fed is beyond manipulating the money supply. I am saying that the whole bad lending/credit crisis is not a hoax ( I was in banking and saw the mindless lending and a balance sheet that was loaded with F&F paper that the bank management really knew nothing about), and its extent when it comes to derivatives, etc. is not only over my head, it may be over everyone's head.
Not saying the crisis is a hoax....
.... just saying the gov't throwing $$ to the few who designed this benefit is a hoax.
I think Id call the whole situation
a scam, the military/industrial/financial/governmental complex workin' arm in arm. As Bush leaves office, all that is left is to clean it up. For once, lets stop them.
RP thinks it is higly exagerated
!
Exaggerated, yes
but there is an underlying problem that is entirely of their own creation. They can't comprehend its possible ramifications, so its especially scary and they will say anything to get what they want.
I think a lot of rich people are about to loose their ass
and they are trying to figure out a way to avoid it.
Rich to poor is big change
poor to a little poorer is not much of a jump.
Explore Orthodox Christianity
Pass out my free pamphlet here:
http://www.ronpaulforumpa.com/smf/index.php?topic=887.0
There's supposed to be protests at all the churches tomorrow. Hand em out or change em if you want to. They're wallet size for easy distribution.
http://killfiat.blogspot.com/
The reserve currency of the
The reserve currency of the world is the dollar, instead of Gold. So this hoax is not a hoax. We have hyper inflated nations and instead of using our reserves (gold) to pay for our debt, we are using our reserves (money, dollars), to pay for the debt.
The system is incredibly out of balance and is NOT a hoax.
That $62 trillion of credit
That $62 trillion of credit default swaps (CDS) is a mess is not a hoax.
That the US gov't can fix this mess is a hoax. It's too late. The only thing the US gov't can do with a bailout is meddle and extend the time of correction.
If you haven't before heard about the unfixable $62 trillion of liabilities, please check it out. It won't be widely discussed because it is unsolvable by gov't. The following link has a reference for your research:
http://seekingalpha.com/article/97533-no-wonder-the-700-bill...
http://FlipFlopRomney.blogspot.com
Some economist think this threat of a credit meltdown
is an attempt to scam some money out of the taxpayer.
fix me another
THEY keep talking about ,no private sector investments, being made..WHO the heck are WE the citizens..IF we would want in on a loosing deal we would be there already...GEE they don't get it ...PRIVATE sector monies would be us...dahh.....BUYlow / SELLhigh, that is my kind of market...THEY didn't share the profits when they were riding high...3%..I am still regugitating from Clinton's last year..JUST SAY: NO, NO, NO..
weee
I think they are getting money together and drawing out this
money for paying for the war they got planed and so they can empliment the Real ID in America the real ID card have been used in Iraq and it is what they used to gain control but they are claiming the serge is what did it when actualy once they issue real ID they can taget the enemy easier. They must have equipment the reads ID as they move through an area they probably use drones to pick up both heat and the ID any heat that doesn't have an ID get droped I doubt they care if it man woman or child. The only way you stay alive is to have an ID and if you get an ID then you are tracked every second of the day so you are not a threat. The states claim they do not have the money to emplement it so they bail out give the money to the states and whala the American people just paid for their own slave collar.