Financial Expert Warns of Economic Collapse

Gulag Bound ^ | Cliff Kincaid

[unspun]

FR Ping List for GulagBound.com, Investigating Obama, & "The Awakening"

Please reply or FReepmail, if you want on or off this list.

Please ask your candidates and politicians The Three Sovereignty Now Questions.

[Lucky9teen]

The “Summer of Recovery” is soon to be followed by the “Fall of America”

[DoughtyOne]

Wouldn’t that be, “the Winter of our Discontent?”

[DTogo]

Invest in precious metals: copper, lead, brass.

[combat_boots]

These short sellers, such as George Soros, made billions of dollars betting on the collapse of the subprime mortgage industry as ordinary Americans lost their savings.

“They subverted our capitalist system economy in order to achieve a regime change in America. They looted the country and visited financial violence on the American people. American families bear the brunt of the destruction of capitalism and the installation of socialism in their country with job losses, home foreclosures, and retirement portfolio wipe-outs,” Diamond charges.

The major media, he said, have concealed the truth about what has happened from the American people.

truth. Known on FR for 2+ years.

[oust the louse]

I’m sure a tingle goes down the magic muslims leg when he hears this news....

[FourPeas]

Talk about a generic headline. When hasn’t a financial expert somewhere warned of economic collapse?

[ex-snook]

"billions of dollars should have been expected to be flowing in"

???? who has these billions?

[FReepaholic]

...Accuracy in Media has consistently reported, the basic problem is that the regulations that protected investors and their capital were removed, beginning in 2007 under the George W. Bush Administration...

Congress was controlled by the Demoncrats in 2007.

[Cicero]

As Accuracy in Media has consistently reported, the basic problem is that the regulations that protected investors and their capital were removed, beginning in 2007 under the George W. Bush Administration

Well, as a matter of fact, the Bush administration does certainly share the guilt.

But CRA was put into place by Jimmy Carter and put on steroids by Bill Clinton.

And the Glass-Steagal act was repealed by Bill Clinton.

Clinton did it on purpose. I frankly think that Bush was a bit of a dope about some things, notably the economy. He made a big, big mistake putting Paulson in charge at the Treasury, because Paulson was basically an agent of the Democrats.

[green iguana]

Didn’t realize that Diamond was a type of nut...

[RobRoy]

Please put me on the list.

[Lorianne]

US Said Preparing New Laws To Seize Americans Retirement Accounts

http://www.eutimes.net/2010/08/us-said-preparing-new-laws-to-seize-americans-retirement-accounts/
_____________________

My take: I hope this is just be an ugly rumor. But it couldn’t get any traction without that kernel of doubt people have about this Congress and this administration.

[Frantzie]

Much of the public also knows the market is rigged by hedge funds.

[brytlea]

Lead...

[deadrock]

Well, it better collapse soon or else the Republicans will be blamed for ‘holding up the work of the people’ come Jan 2011.

[unspun]

Video now in, at Gulag Bound (it’s a commercial for the book).

Cliff Kincaid promotes the work of Zubi Diamond (kind of like how some of you and I have promoted James Simpson’s) and is to be commended for it.

We should be paying attention to Mr. Diamond’s work.

[Myrddin]

When Obama took office, a contract that had kept me and my colleagues employed for 10 years was not renewed. I fell back on accrued vacation until I could track down more work. My colleague on the east coast sold stock and property to generate enough cash to stay afloat. It wasn't just uncertainty about the future of the investments. It was immediate need to eat and pay the bills that drove those decisions. The rampant unemployment is causing many people to dig into their financial reserves simply to stay alive.

[Kartographer]

OBAMAVILLE

Gett’n a head fake,
watchin' msn’s take;
All of their pundits oozing foul oil.
Clean’n my six gun on my front porch swing.
Felling my blood--
It’s beginnin' to boil.

Wasted away again in Obamaville,
Searchin' for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know it's Obama’s fault.

There’s no rhyme or reason,
They are all commitin’ treason
With nothing to show but a brand new tax or two.
But they are real beauties,
Despotic duties, how they got passed
I haven't a clue.

Wasted away again in Obamaville,
Searchin' for a job so I can earn my salt.
Some people claim that it’s Bush we should blame,
Now I think,-- hell with them it’s Obama’s fault.

I blew out my flip flop,
Stepped on a pop top;
Cut my heel, but I just cruise on back home.
Because no medical care will the doctors render
They say there’s little service I can tender
And there’s no need for me to hang on.

Wasted away again in Obamaville
Searchin' for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know, it's my own damn fault.
Yes, and some people claim that Bush is to blame,
And I know because of my vote it's my own damn fault damn fault.