By:  LibberTea  
       ECONOMIC MELTDOWN  
      February 23rd, 2009   

    I've been sitting here, banging my head into my keyboard, trying to come up with some sort of a wake-up call to all my friends who are concerned about what's happening to America. For six months, I've been all over the blogs; the liberals, the conservatives, the democrats, republicans, libertarians, greens, moonbats - and yes, even FOX, ABC, CBS, and NBC. I think I've discovered a common thread.

    Here's my analysis:

    "Someone" deliberately tried to bankrupt the American economy on September 18th, 2008. Rather than reverse the attempt, our government responded by creating a "controlled" collapse. This orchestrated collapse is designed to, through fear, destroy Americans' trust in (or blame) our free market system, then, a new economic process will be introduced (via the stimulus plan) to implement a socialist agenda. Goodbye liberty, goodbye capitalism. Read on and I'll show you how I got here.

    Nobody is denying that we are facing some very real problems. Everyone is talking about the economy or their own "pet" problems and that's a good thing. But instead of diagnosing all these symptoms and taking off on endless tangents, let's find the root cause of the disease and all of us direct our common attention to focus on the cure.

    Take a look at the economy. I'm not an economist and you're probably not either so let's look at this from a common sense approach. The President, Congress and the pundits are all describing the economy and the only descriptive word I haven't heard used is "Armageddon". Wait! I think I have heard them use that term. Regardless, they're all describing a pretty bleak and discouraging outlook. Wall Street is down over 50% from just 5 months ago, we're pushing 9% unemployment and sectors of the housing market are collapsing into foreclosure. I'm not insensitive - there are a lot of people out there suffering and many of us are feeling the pinch. I am aware of the problems but 92% of us ARE working. Over 90% of Americans ARE paying their mortgages. So, I'm looking around and asking "things aren't great but they've been a lot worse so where is all the doom and gloom coming from?"

    Let's go back to September, 2008. The presidential race is heating up. Obama is attacking McCain over the economy (4 more years of Bush, etc, etc) but on September 18th, something happens. Congressman Dan Kanjorski states that at about 11 o'clock that morning, the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States to the tune of $550 billion being drawn out in a matter of an hour or two….. If the treasury had not closed the markets, their estimation was that by two o'clock that afternoon, $5.5 trillion would have been drawn out of the money market system of the United States and would have collapsed the entire economy of the United States.  Listen to Kanjorski's interview (the segment is about 2 minutes, 25 seconds into the clip):


    OK - that's bad news but I find it difficult to believe that everyone in the US woke up that Thursday and decided to withdraw all their money out of the bank - all at the same time. OK then, who has the technical resources and that kind of money to pull off this kind of treachery? George Soros? Moveon.org? The Chinese? It doesn't matter. What matters is that this event was a deliberate, calculated act. Fed chairman, Ben Bernanke, then warns congressional leaders of impending doom. Hank Paulsen panics and starts making threatening phone calls and scheduling meetings. Hear what Rep. Brad Sherman (D-CA) says:


    One week later, McCain suspends his campaign and rushes to Washington (Obama, too) to address this economic emergency. Badda Bing, Badda Boom, a $700 billion bailout to the banks is approved. Not to buy up Toxic Assets like we were told, but to put the missing cash back into the money market accounts. That's kinda why nobody knows where that money went and everyone blames Bush and the Republicans for lousy bookkeeping.

    Note to self: "Somebody" sucks $550 billion out of the banks. Congress approves a $700 billion bailout, but only puts half ($350 billion) back into the banks. We're still $200 billion short. In retrospect, with a $200 billion shortfall, credit markets would dry up, banks would stop lending and companies who rely heavily on the credit markets might soon face bankruptcy or need government bailout money. Look at it this way: Say you overdraw your checking account by $100. If you only deposit $60 to cover the overdraft, you're still short $40. You still can't buy groceries, pay a bill, anything. You just don't have enough money. Well, neither did the banking industry. Unlike our government, banks don't do deficit spending.  If they didn't have the cash, they couldn't very well loan it out. That's what slowed the credit markets - not toxic assets. So why didn't Congress put back at least the missing $550 billion? Were they trying to create a more moderate, controllable, financial collapse?  If so (and I'm guessing), in order to "save" our economy, the government could seize control of our banking system or any company taking "bailout" money.  If I'm right, what do you wanna bet they try.  That sounds pretty far-fetched, even for me! 

    Back to the issue. Why would anyone try to bankrupt the economy? That's not the question. Remember, we've been in a gradual economic downturn since 2006 driven primarily by "toxic assets" and a weakening housing market - but this particular event on September 18th was a pre-meditated attack to quickly bankrupt the American economy by removing the cash from Americas' banks. Instead of asking "why", I would ask, "Who" benefits from this?

    Within hours of the bail-out approval, Obamas' campaign switches gears and really ratchets up the fear tactics. For the next 2 months (and even until now), "economic fear" is pounded non-stop into the American people. The Republicans get hammered by Obama and the main stream media then, lo and behold - the election, and now we have President-Elect Obama. Obama may not have been directly involved in this, but he has orchestrated it to his advantage in ways that we've only just begun to see.

    Fear is a very powerful emotion. Have you ever been really scared? Ask someone who suffers from panic attacks. When you are frightened, your ability to rationalize (or think) is shut off and you just react. The psychology of fear causes a person to respond to a situation in ways that they wouldn't normally consider. Obama knows and uses this tactic very effectively. Check out the Rahm Emanuel interview with the Wall Street Journal on November 21st, 2008.

    In just a few short weeks after the inauguration, the fix-all Stimulus package was released on an unsuspecting and fearful America. Nancy Pelosi is a left-wing shrew and Harry Reid is a global warming dingbat. They are not businessmen, economists or executives - they are politicians and there is no way on God's green earth that those two were able to put together an 1100 page Economic Stimulus Package in just a couple of weeks. So either President Obama is an organizational and economic genius (he was a community organizer, after all) or he, and several of our "trusted" officials in Congress, knew well in advance that all this was coming.

    But pretending that the Stimulus will fix the problems is only half the strategy for Obama. He truly intends to destroy individual liberty. He intends to see socialized health care, gun control, a new monetary system and European styled labor agreements a reality in America. He knows the consequences of doing such things, he's seen all the projections and what the disastrous outcomes for our country would be, but he's doing it anyway. But there is one tiny problem standing in his way - "We The People!"

    He knows that in order to force Americans to go along with his policies, he must create fear, suffering and misery among the people. Given enough panic, many (I'll be gentle) IDIOTS in this country will give up their liberty for the sake of Obama's "security" and the common good. It worked after 9/11, didn't it? Remember, "Never let a good crisis go to waste".

    In Summary: - "Someone" deliberately tried to bankrupt the American economy on September 18th, 2008. Rather than reverse the attempt, our government responded by creating a "controlled" collapse. Are both democrats AND republicans complicit? My guess is "yes". This orchestrated collapse is designed to, through fear, destroy Americans' trust in (or blame) our free market system, then, a new economic process will be introduced (via the stimulus plan) to implement a socialist agenda. Goodbye liberty, goodbye capitalism.

    My "note to self" is starting to make more and more sense.



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