Skip to comments.Draghi Helps Out Obama Campaign [Defers EU meltdown until after election]
Posted on 09/07/2012 7:36:29 AM PDT by PapaBear3625
But Mr. Draghi has lowered the gravest of risks to Mr Obama: a pre-election meltdown in the eurozone that would have blown up banks, pulverized Wall Street, and routed a fragile US economy back into recession.
(Excerpt) Read more at ft.com ...
Be prepared for Obama and the Eurocrats to make Wall Street and the banks an offer they cannot refuse: support Obama or die.
” he Euro-socialists are doing everything they can to defer the meltdown til after the election. On the day after, if Obama wins, he will make the US taxpayer bail out the Euro Elites. If Obama loses, the Euros will take down the US economy, and blame Romney.”
Mario Draghi: ex-Goldman Sachs VP. ‘nuff said.
Look... actually.... its got me starting to wonder..... .... someone asked in one thread or another, could Obama be throwing the election on purpose because there is going to be severe and bad things happening soon, and the Democrats want no part of it?It could be that the Euro-meltdown is inevitable, and it inevitably will crash the US and the rest of the world. The Dems want a repeat of 1929, with Romney playing the part of Herbert Hoover, setting the stage for the Dems sweeping back into power in 2014 and 2016 as the nation becomes desperate.
We’ll find out later that Bernanke and Geithner promised Draghi vast sums of money, which we borrowed from the Chinese, to buy his cooperation until after the election.
Are you saying the MSM won't give Romney four years to blame everything on Obama?
No, not gonna happen.
Øbama ain't going to "throw" the election; if the monsters on the other end of the BlackBerry got a whiff of that, they'd have him martyred.
Øbaba wants desperately for "severe and bad things" to happen.
Surviving Americans and other members of Western Civilization will revile him to their dying day, but a billion barbarians around the world will sing his praises for a millenium as "The One Who Took Down The Great Satan".
It’s not an unreasonable scenario.
If we take a look at what’s possibly coming down the pipeline, and the fact that it’s most likely irreversible, hell, if I were Obama I’d be trying to throw the election myself.
Ironically, though, what if Romney were trying to throw the election for the very same reason?
Personally, I’d LMAO if, during one of the debates, both of them said, “You know what? Screw it. It’s all going to hell, so c’mon; let’s blow this taco stand, and go for a burger and fries. Hey America; you’re on your own.”
I don’t see that happening, but to be blunt, I woudln’t wanna be the next POTUS for all the whiskey in Ireland.
If I understand the Euro bailout plan correctly, the ECB and IMF will be involved in providing bailout funds. The IMF is also funed by the USA Govt. Thus the US taxpayers will be bailing out Greece, Spain, etc. etc. with their “unlimited” bailout.
I am beginning to accept the fact that Obama will win, regardless of how his end justifies his means. If so, and if the country is going to collapse from all of HIS damage, let it collapse on his watch.
I guess we will find out in January, or perhaps in November.
Here's the facts of life. The EU is effectively bankrupt. The EU is big enough that any major default will take down the US banking system. The meltdown looks inevitable unless the EU completely shuts down its welfare state and fires most of its government employees, a measure that will trigger rioting on a scale not seen in modern memory.
Please explain what you think the long-term outlook for EU is?
The EU is effectively bankrupt. That will affect us not only because they are a major market for us but because we have bought a lot of their debt. What I would ask my banker is, “Why did you buy their debt”?
Interesting point. From wiki:
Draghi was then vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee (20022005).
Concerns were also expressed during the candidacy about Draghi's past employment at Goldman Sachs. Pascal Canfin (MEP) asserted Draghi was involved in swaps for European governments, particularly in Greece, trying to disguise their countries' economic status. Draghi responded that the deals were "undertaken before my joining Goldman Sachs [and] I had nothing to do with them", in the 2011 European Parliament nomination hearings.
Does this mean he’ll be shoveling euros into Greece?
Yes, that is pretty much what I was referring to. Goldman Sachs, with or without Draghi, was very much instrumental (for a hefty fee!) in getting Greece into the euro. Now, I’m not a fan of conspiracy theories, but the way the name Goldman Sachs keeps popping up time and again when it comes to all the financial misery of the past years, well... (And Draghi seems to have been a fast learner at GS...) These people are without any moral standards whatsoever.
As best I can tell US banks aren’t really interested in the ECB buyout plan so their exposure to the Euro is decreasing. But did you catch the main detail of the plan? Draghi and his ECB are going to start buying the bleepworthless bonds of the pieceofwork Euro countries that can’t meet their payments. “tight rules” in place he says-——yeah, just like the Euro zone in the first place. They were all lying about their books. This time when it blows the whole continent will look like the 8th Air Force made another run.
Some of the most evil humans on Earth are part of Goldman Sachs. Everyone who has worked for GS, now or in the past should have ALL their assets seized. Then they should be imprisoned in the middle of a desert breaking bigger rocks into smaller rocks for the next 100 years.
Thanks PapaBear3625. Looks like he’s draghi it out a little longer.
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