Congressional Leaders Stunned by Warnings

You carn't ask for better timing can you? the writing has been on the wall for along time but every one has had their head in the sand.


When the meltdown happens will Bush call this as a "catastrophic" national emergency and retain the power for many years to come ??


The big question is now that people will have a hard time to get food on the table and provide life's basics,will they riot??


And if they riot will he call in the troops and call Martial law??

All questions that will be answered in the months to come

I hope i'm just being paranoid

Substitute Wall Street for Saddam and Financial Meltdown for Weapons of Mass Destruction and we basically have another trillion dollar situation.

In 2002 the Executive branch inflated a situation by lying to Congress to funnel a trillion dollars to their friends in Defense and Oil. In 2008 it will be the same deal to save a trillion dollars for their friends in Finance.

History repeats.

Originally posted by wayno
I don't think the politicians are kidding -- I believe they ARE in the dark about how the economy works.

THe FED keeps washington in the dark. You have to remember that washington is completely controlled by foriegn bankers. Our freely elected politicians are only told what Israel wants them to know.

reply to post by duffster


This situation is not going to benefit any political party, nor the president, in fact I'll bet you everything I have that Bush can't wait to get the hell out of Washington.

As it is already, his legacy of failed foreign policies and a wrong war and a vast multitude of other issues will all seem minor in future history books compared to the massive global economic crisis and collapse that happened under his watch.

I'm sure Crawford Texas is Bush's main goal now... as soon as possible.

Originally posted by The_Alarmist2012
I'm sure Crawford Texas is Bush's main goal now... as soon as possible.

You must have missed it. Bush is going to paraguay with a large detachment of soldiers of fortune loyal to Israel.

Originally posted by Maxmars
I wonder if there are any journalists out there? I wonder if any of the worlds MANY avenues of communication will have the courage to describe, accurately, where the money went.

The fractional reserve lending policy has dealt us a mortal wound, and the doctors (our beloved political party members) were the weapon.

Derivatives...... Credit swapping..., gambling at our expense. But guaranteed - they are all rich beyond reason.

This is the question of the day. Where are the journalists. Why arent they asking questions. Why are they just going along with the government. Its a sad time in America it really is. Our media is bought and paid for there is no media.

FED is a private bank, with private share-holders. FED cannot be audited by the government . My question is.. who would be the winner of all this mess? what is the goal? Amro?

reply to post by Mainer

In 2008 it will be the same deal to save a trillion dollars for their friends in Finance.

Yes, that is the plan, but eventually the guys printing the money are going to run out of ink! The world's capacity and willingness to continue to cover the American debt is not unlimited. Eventually this will be everyone's debt, and everyone's demise.
Its too late now, but they should have just let these global crooks go bankrupt as Ron Paul suggested. This folly can't go on forever. We are only delaying the inevitable pain while the bad guys get to keep their money (for whatever it will be worth??)

Originally posted by The_Alarmist2012
in fact I'll bet you everything I have that Bush can't wait to get the hell out of Washington.

No doubt. He was positively stupified today. It seriously looked as if he has to steady himself a bit at the podium. And then when he said "persecuted" instead of "prosecuted", it must have been Freudian.

Wait for it...yes ATS...I admit it...I felt sorry for him today. Hell, I felt sorry for all of us.

[edit on 19/9/2008 by kosmicjack]

Just got this picture from my brother... It kind of says it all...

reply to post by mybigunit


As to the journalist...Mark whatever his name is on CNBC tonight made a very good point.

I'll paraphrase so you get the gist:

When asked whether he thought the plan was sound. He hesitated for a very long time and then said something to the effect that we were mislead in 2002 about the facts leading to the Iraq war. The government has lied to us in the past - what assurances do we have, what transparency exists -to substantiate that this bailout is indeed necessary?

It was a stunning moment. You could just feel what little confidence that bloomed today just whither away.


[edit on 19/9/2008 by kosmicjack]

I hope we're not getting blindsided again by another NWO tactic- as in wait for markets to crumble from their own policy, and then use the failed dollar as the reason for the "new solution":

The Amero, and a formal declaration of the NAU, except this time they shove it down our throats. Border fences and guards come up and free, unhindered travel between Canada/USA/Mexico is instituted. All federal bills and coins are recalled in the three countries, and the federal reserve/IMF now gets is grubby hands on all of Canada's and Mexico's money too by taking control of the issuing of the new Amero.

I suppose since they did such a great job of bankrupting us the first time around they "deserve" the honors of taking Canada/Mexico with them on the second pass?? :shk: Please say it isn't so.

reply to post by kosmicjack


Its like he read my post 9 posts ago!

Unbelievable. I'd love to read more of this exchange and find out who they are:


finance.google.com...

1.) The majority of baby boomers have their life savings in mutual
funds, money markets, and stocks. We can, and will, extract that
wealth at the perfect moment. Computer models developed at MIT were
developed to pinpoint inefficiencies to be exploited. According to
analytical models, we, the rich, were to sell our stakes and convert
them into oil and commodities while the average american had no idea
what was happening to their mutual funds and stocks. After all, we are
in control of both! My particular hedge fund borrowed, or sold short,
our clients stock holdings to invest in commodities for the partners
in the firm. We are up nearly 40% YTD, while our clients are down
about 18%. If they pull out, oh well, we don't need them anymore!

2.) The bigger you get, the more support you'll have in collapse. This
was very important, as the smaller your business, the more likely you
would be consumed. Our motto was be the whale or be the plankton. We
are trying to leverage ourselves so greatly so that if we make a wrong
bet, oh well. Instead of paying taxes on profits this year, we'll pay
off the mistake with your taxes!

3.) In times of crisis, you might lose some wealth, but you're still
rich. The poor might starve. This concept creates security and
immunity to fear. While the average citizen is watching their small
nest egg dwindle, you can rest assured that your still worth millions
after the dust settles.

4.) The government will protect you, that's democracy. We were highly
educated that socialism is a horrific concept because it uses
government power to distribute wealth. Fight for democracy, where
government power will be used to bail out the wealthy and watch the
poor suffer away. This was the greatest lesson we learned. Argue for
less government intervention while resting assured they will be there
for you lest you become an average citizen.

reply to post by TrueAmerican


There will probably be another blindsiding event.

Right now I am worried about banks calling in loans in an attempt to stay afloat.

Originally posted by kosmicjack
As to the journalist...Mark whatever his name is on CNBC tonight made a very good point.

I'll paraphrase so you get the gist:

When asked whether he thought the plan was sound. He hesitated for a very long time and then said something to the effect that we were mislead in 2002 about the facts leading to the Iraq war. The government has lied to us in the past - what assurances do we have, what transparency exists -to substantiate that this bailout is indeed necessary?

It was a stunning moment. You could just feel what little confidence that bloomed today just whither away.

I admire you that you can still watch the news. I'm a total news junkie to the degree that we usually have MSNBC/CNN/FOX/etc on in the background when we're home, but this week I haven't been able to stomach it. I guess I've been feeling like I don't even need to watch it anymore because my personal beacon of economic health has gone startlingly dim in the past few weeks.

I'm the pastry chef and my husband is chef de cuisine at a long-established restaurant. Even with times being tough over the past several months, people have been going out to eat in droves. Dining out is a luxury most people are loathe to give up, something they hold on to as long as they can. As long as the restaurants are busy, people are fairly confident.

In the last month we've seen business drop precipitously. Customers are down a good 50-60% and fewer and fewer are coming in each day. It's a Friday night, and I'm always at work on Friday nights helping out here and there due to how busy weekends are. Last Friday I basically stood around for a couple hours doing nothing because it was dead. Tonight I was on call to come in if needed, but the need didn't arise.

Friday nights in my area are bustling, busy nights with scads of people walking around, dining, shopping, having a drink at the totally hip martini bar, etc. It's a beautiful evening, clear and cool, so the streets should be packed.
They're not. I walked around earlier during what should have been prime time and saw some kids riding bikes, a few people walking their dogs, and not much else.

As it is we're barely bringing in enough customers to pay for the gas and electric for the day. People are starting to cut "dining out" from their budget and they're doing it hard and fast. That's my personal beacon. Something is very, very wrong.

Financial meltdown days away? Where have these guys been the past 2 months, no make that past YEAR! Things have deteriorated drastically and quickly. Just in the past month, Fan/Fred, Leh BK, Merril forced merger (basically), halt to short selling, AIG Bailout, and now talk of a $500billion fund for bad mortgages. Some would say its already here and nothing can be done about it.

If they'd really clamped down on this crap a year ago, sure lots of firms would've gone down, but we'd be a year closer to recovery.

I know lots of people don't understand things financial, but anyone paiting the least bit rosy picture about what's going on now is a fool or a charaltan. There are too many parts in motion and for every action there is a reaction often unintended, and everything being done bailout wise will have an affect somewhere else in the system like long term interest on the .gov's debt. There are som seriously bad potential outcomes to what is going on now, and some of those outcomes I thought a year ago were only apropriate for a conspiracy site.

It seems to me a lot of ATS members here are awfully relaxed about the economy. Maybe it's the calm before the storm.

Ron Paul's economic adviser is Peter Schiff. Peter intrigued me because his last name is Schiff, I wonder if he's related to the Schiff family.

reply to post by jefwane


I know people who were predicting this 5 years ago. People should have started asking questions when the home values started going way above and beyond average wages and rental incomes would indicate them to be.

People should have started asking questions when the banks relaxed their lending standards.

People should have been asking questions when appraisers were told to ignore or fix the income approach to single family residences.

I sat on the same table as bankers and builders and watched them go gaga all over themselves because they had lots which were barely graded that were already being bid for by 5 or 10 people.

This problem was years in the making, the public at large should have suspected something when a certain class of people were making a ton of money churning the economy at the expense of long term stability.

the imminent collapse of the U.S. economy to occur by September 2008

Kinda puts a little more validity in that story if you ask me...I mean damn lol

I don't buy for a SECOND that they 'had never heard anything like that before', maybe they just thought any previous discussion on a 'Financial Meltdown' was just for planning situations...like what to do if a nuke goes off somewhere, but everyone pretty much believes its not going to happen.

And how convenient that the Pres and everyone talks about how the economy is okay, its not fundamentally broken DURING THE WEEK...but now its Friday and the markets are closed, the truth is going to get out eventually..these 'plans' that they have?? I think it was just to keep the market from crashing this week. Now each week we will see them trying to hold it off for as long as they can.

But I've said this before, and I'm pretty sure this is what RP has been saying..when the rest of the world realizes the the US dollar is worthless, there will be no holding the Meltdown back.

Ops..I'm starting to ramble and I really just wanted to point out that post in case people forgot or had not seen that before