The most horrifying video on poetv.
Should be required viewing for all Ron Paul-ites.
yes remember the banking failure was because there was too much government regulation not too little
and pretty much so long as the Fed exists Paul and his ilk will always say there is too much government interference
So "socialism," as defined by the right, literally saved the world.
LAUGHING TIME IS NOW.
A. The world isn't exactly saved yet. It might have just temporarily prolonged the world.
B. *dons pragmatic, tin-foil hat* This may never have even happened and might have just been the Treasury/Fed's way of pushing congress to act without thinking (a la Patriot Act and Iraq War resolution)
brb buying ammunition and canned goods
H O L Y
S H I T
It's all a big shell game. Don't rock the boat!
What/who caused the sudden 5 trillion sapping early in the morning...and why all of a sudden if it wasn't from one source? Conspiracy?!?!
The notion that this would have caused 5 trillion in drawouts in these money market mutual funds is absolutely ridiculous considering that there was only about three and a half trillion in them.
Never trust the words of a politician.
Jesus if I understood what all that shit meant it would be absolutely horrifying. It was still pretty scary.
|Dutch Oven Fresh Pie |
YouTube comments are great. "Why do we need banks?" "We can just barter!" and "Revolution!"
Those people are the reason you buy the canned food and shotguns.
You know, I was wondering why the FDIC, which had insured deposits up to 0,000 for as long as I could remember, had suddenly started insuring deposits up to 0,000. Now that I know, I wish I didn't.
We have been up shit creek for months now and there is still no sign of a paddle.
|Jimmy The Headless Frog Boy |
I heard a commentator talking on Bloomburg Radio about the panic discused at 3:00.
He said we almost lost the inter-bank A.T.M. system because there was so little trust between banks. He also said 1 major retailer almost went "Cash Only" and would have refused all credit card transactions.
It's bad out there, and it's going to get much worse.
|Lauritz Melchior |
Could somebody get in touch with Fuck Team Five for me?
The last analogy is pretty terrifying.
|Rodents of Unusual Size |
How do you prevent all those extra assets from going sour then? I knew before that essentially that day credit stopped virtually existing at all, but all of this is so daunting and horrifying it goes beyond description.
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