Posted by
Brian Norton on Thursday, February 12, 2009 11:52:28 PM
Talk about losing money! We, the public, have just been alerted to the fact that the real reason for all the panic and doom in the credit markets was somebody got the keys to the national ATM and tried to suck us dry. That the Fed stopped it by basically pulling the plug on the whole system kept it from being a complete disaster to the tune of 5.5 trillion dollars flushed down the drain and Sayonara to the world economic system as we know it, is a Good Thing.
I feel safe now......
Oh, and by the way, it happened almost 5 months ago, and nobody thought it was important enough to tell us about. Might have kept Obama out of office, eh? Everybody in the MSM would have blamed Bush anyway, so why sit on the news?
That is the sticky question I am wondering about , is who besides Obama stood to profit from trying to destroy the money market system, and more to the point, why has there been no investigations on this that John Q. Public is aware of? I had always thought it a bit fishy that bad mortgages could induce the level of fear and panic we saw in Bush and the Treasury scions in September, and now that we have been told the possibility of a 5.5 trillion run on the money markets in the course of a few hours being averted and ONLY losing 550 billion, well, that explains a lot.
The only single country with those kind of foreign currency reserves to withdraw is China, and it does not make sense for it to cut it's own economic throat..., the one thing China's communist regime is not is rash. So that leaves a cyber-attack on a very large scale (and you thought China hacking the Pentagon was big!), or a multinational joint effort to destroy the world economy (think New World Order, Trilateral Commission kind of thoughts), which would also explain why we have not heard about where the money went: The Fed might not know. I am not sure what bothers me more, them not telling us, or the possibility that some organization could have vacuumed our whole monetary system out of existence (along with the world economy) and we not know who did it.
I do not care how sophisticated the methods, a two hour window and that amount of withdrawals is going to leave a superhighway of a trail to somewhere.Think about tracing a cell phone, except a million times bigger.
Oh, there is something that makes me even more enraged...., Reid and Pelosi ( not to mention Spector, Collins, and Snowe) knew all this about the money market crisis in Sept., and the best they can do as patriotic Americans is give us Obama and $800 billion more of liberal pork!
Capital punishment for traitorous politicians should make a swift comeback, along the lines of what the British did to traitors in the War of Independence. Look it up, it was quite brutal, but hey, recidivism was not a problem.
Maybe we could even get some competence in Washington if we quartered, choked, boiled and hung traitors, but on second thought, unless the new politicians were also moral and honorable, competency would be even worse than what we have. Think about what the Dems could accomplish with their political trifecta of House, Senate, and Presidency if they were truly competent, and give thanks to God that they have idiots like Reid and Pelosi to lead them!