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Powell: If elected, Obama will face "crisis" in January


1tallbassguy

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Oh, just wait. 9/11 v2.0 (Return of the Son Of 9/11) will be the engineered crisis that sweeps Obama into pharaohship. Thus will begin a 1000 year liberal reich of peace and prosperity. Legalized dope, mandatory gay marriages, dial 1 for Spanish and 2 for English. It'll be a true paradise!



That is the funniest post I've read on this forum in at least a year. :thu:

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Federal Reserve's Plan A: Republican party. Federal Reserve's Plan B: Democrat party. Federal Reserve's Plan C: There is no plan C, they like to keep {censored} simple.

 

All these "Fed" bigwigs weasel their way into the news on a daily basis. Every other day you hear quotes from these {censored}bags, Greenspan telling us that the housing market is going to bounce back in January of 2009. Bernanke has been telling us that dumping loads of cash (an already cheapened piece of paper with nothing backing it but a promise and a prayer) will help our economy. Hell, former Fed chairman Volke is a part of Obama's election team.

 

DOESN'T ANYONE KNOW!? The "Fed" is no more federal in nature than the McDonalds corporation. It's a private, for-profit bank and it's in control of our economy, our politicians, and our future. We will continue to spiral (fast or slow, it doesn't matter as long as the banks are making money) until we completely bust. When that happens, say hello to the Amero! We will all be consolidated into a neat little package for these scumbags to manipulate.

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Federal Reserve's Plan A: Republican party. Federal Reserve's Plan B: Democrat party. Federal Reserve's Plan C: There is no plan C, they like to keep {censored} simple.


All these "Fed" bigwigs weasel their way into the news on a daily basis. Every other day you hear quotes from these {censored}bags, Greenspan telling us that the housing market is going to bounce back in January of 2009. Bernanke has been telling us that dumping loads of cash (an already cheapened piece of paper with nothing backing it but a promise and a prayer) will help our economy. Hell, former Fed chairman Volke is a part of Obama's election team.


DOESN'T ANYONE KNOW!? The "Fed" is no more federal in nature than the McDonalds corporation. It's a private, for-profit bank and it's in control of our economy, our politicians, and our future. We will continue to spiral (fast or slow, it doesn't matter as long as the banks are making money) until we completely bust. When that happens, say hello to the Amero! We will all be consolidated into a neat little package for these scumbags to manipulate.



The Amero sounds like such a friendly, happy currency...I'm going to vote for it! :thu:

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Powell stated in that interview he didn't think Sarah Palin has enough experience to take over if something happened to McCain.What experience of Obama's makes him think Obama is ready?Not basing his endorsement on race ehh.Joe the Indian say's "Black man speak with forked tongue".

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CONGRESS PASSES WIDE-RANGING BILL EASING BANK LAWS


By STEPHEN LABATON

Published: November 5, 1999


Congress approved landmark legislation today that opens the door for a new era on Wall Street in which commercial banks, securities houses and insurers will find it easier and cheaper to enter one another's businesses.


The measure,
considered by many the most important banking legislation in 66 years, was approved in the Senate by a vote of 90 to 8 and in the House tonight by 362 to 57.
The bill will now be sent to the president, who is expected to sign it, aides said.
It would become one of the most significant achievements this year by the White House and the Republicans leading the 106th Congress.


''Today Congress voted to update the rules that have governed financial services since the Great Depression and replace them with a system for the 21st century,'' Treasury Secretary Lawrence H. Summers said. ''This historic legislation will better enable American companies to compete in the new economy.''


The decision to repeal the Glass-Steagall Act of 1933 provoked dire warnings from a handful of dissenters that the deregulation of Wall Street would someday wreak havoc on the nation's financial system. The original idea behind Glass-Steagall was that separation between bankers and brokers would reduce the potential conflicts of interest that were thought to have contributed to the speculative stock frenzy before the Depression.


Today's action followed a rich Congressional debate about the history of finance in America in this century, the causes of the banking crisis of the 1930's, the globalization of banking and the future of the nation's economy.


Administration officials and many Republicans and Democrats said the measure would save consumers billions of dollars and was necessary to keep up with trends in both domestic and international banking. Some institutions, like Citigroup, already have banking, insurance and securities arms but could have been forced to divest their insurance underwriting under existing law. Many foreign banks already enjoy the ability to enter the securities and insurance industries.


''The world changes, and we have to change with it,'' said Senator Phil Gramm of Texas, who wrote the law that will bear his name along with the two other main Republican sponsors, Representative Jim Leach of Iowa and Representative Thomas J. Bliley Jr. of Virginia. ''We have a new century coming, and we have an opportunity to dominate that century the same way we dominated this century. Glass-Steagall, in the midst of the Great Depression, came at a time when the thinking was that the government was the answer. In this era of economic prosperity, we have decided that freedom is the answer.''


In the House debate, Mr. Leach said, ''This is a historic day. The landscape for delivery of financial services will now surely shift.''


But consumer groups and civil rights advocates criticized the legislation for being a sop to the nation's biggest financial institutions. They say that it fails to protect the privacy interests of consumers and community lending standards for the disadvantaged and that it will create more problems than it solves.


The opponents of the measure gloomily predicted that by unshackling banks and enabling them to move more freely into new kinds of financial activities, the new law could lead to an economic crisis down the road when the marketplace is no longer growing briskly.


''I think we will look back in 10 years' time and say we should not have done this but we did because we forgot the lessons of the past, and that that which is true in the 1930's is true in 2010,'' said Senator Byron L. Dorgan, Democrat of North Dakota. ''I wasn't around during the 1930's or the debate over Glass-Steagall. But I was here in the early 1980's when it was decided to allow the expansion of savings and loans. We have now decided in the name of modernization to forget the lessons of the past, of safety and of soundness.''




2 more pages follow.

 

 

http://query.nytimes.com/gst/fullpage.html?res=9C03E2DB1F3BF936A35752C1A96F958260&sec=&spon=&pagewanted=1

 

Most of the house voted yes. Blame your whole government for starting it in 1999. Also, note that congress was being led by republicans at the time.

 

Secondly, I wasn't aware that Iran wanted to invade Iraq like you did.

 

IMO bipartisan political thinking is a bull{censored} hockey team construct that keeps society from dealing with issues with the sophistication those issues demand. Issues are not inherently either left or right, and true solutions to them are often mired by attempting to put them in those boxes.

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Powell stated in that interview he didn't think Sarah Palin has enough experience to take over if something happened to McCain.What experience of Obama's makes him think Obama is ready?Not basing his endorsement on race ehh.Joe the Indian say's "Black man speak with forked tongue".

 

 

Think about what you just wrote and try to explain why you aren't being a racist just now. I know a couple of native Canadians that might show you if you don't get it.

 

Perhaps you ought to read Powell's comments again. Oh, and John McCain says Rush Limbaugh is wrong about Powell.

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I have no insight into what it may be that they are speaking of, but it is clear to me that they are talking about somthing specific.

 

 

Yes, they are talking about something specific. A crisis on the national scale intended to test the mettle of the incoming president. They don't know exactly what it will be, if they did, it wouldn't happen. :poke:

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Yes, they are talking about something specific. A crisis on the national scale intended to test the mettle of the incoming president. They don't know exactly what it will be, if they did, it wouldn't happen. :poke:

 

 

Then how does Powell know the dates?

How does Biden guarantee, and say it is generated?

 

Seems they know somthing to me.

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Then how does Powell know the dates?

How does Biden guarantee, and say it is generated?


Seems they know somthing to me.

 

 

Guess: something to do with getting a world economy in peril back on track. The international monetary crisis was generated by fast and loose banking policies in the US that have come to a head this month. We may find out how big the mess really is once the current administration is out. Rectification of this international crisis will take cooperative international effort and fortitude, or we are all in trouble. It's in everyone's interest to work together on the crisis, because everyone has prosperity to lose now.

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Guess: something to do with getting a world economy in peril back on track. The international monetary crisis was generated by fast and loose banking policies in the US that have come to a head this month. We may find out how big the mess really is once the current administration is out. Rectification of this international crisis will take cooperative international effort and fortitude, or we are all in trouble. It's in everyone's interest to work together on the crisis, because everyone has prosperity to lose now.

 

 

That's not what they or 1tall is talking about. A generated crisis is something like a terrorist attack, a foreign state invading another, etc.

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That's not what they or 1tall is talking about. A generated crisis is something like a terrorist attack, a foreign state invading another, etc.

 

What makes the word 'generated' connote violence or warfare? The world credit collapse is an event generated by laissez-faire banking practices beginning in 2000 - please see the link I put up above.

 

Maybe I should watch the videos? :D Can't yet as I'm at work.

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What makes the word 'generated' connote violence or warfare? The world credit collapse is an event
generated
by laissez-faire banking practices beginning in 2000 - please see the link I put up above.


Maybe I should watch the videos?
:D
Can't yet as I'm at work.

 

I'm not disputing your point, I'm saying it isn't applicable to 1tall's point and that's simply because you're missing the context of the statements. You don't "generate" a global financial crisis to peak on a particular date to coincide with the swearing in of a new president. :D

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