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Financial crisis: Conspiracy

nzshadownzshadow 5,518 Posts
edited October 2008 in Strut Central
Our two favorite conspiracy theorists on the current situation:b,121b,121Part one:b,121b,121object width="425" height="344"1param name="movie" value=""1/param1param name="allowFullScreen" value="true"1/param1embed src="" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"1/embed1/object1b,121b,121Part two:b,121b,121object width="425" height="344"1param name="movie" value=""1/param1param name="allowFullScreen" value="true"1/param1embed src="" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"1/embed1/object1b,121b,121The rest (in reverse order):b,121b,121a href="" target="_blank"1 img src="/ubbthreads/images/graemlins/718.gif" alt="" 21 img src="/ubbthreads/images/graemlins/1199.gif" alt="" 21 img src="/ubbthreads/images/graemlins/dominoes22.gif" alt="" 21b,121b,121Hi Harvey.
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  • HarveyCanalHarveyCanal "a distraction from my main thesis." 13,234 Posts
    Yep, I heard most of this live on the radio (local Austin airwaves) the other day.
  • HarveyCanalHarveyCanal "a distraction from my main thesis." 13,234 Posts
    Banks take in cash deposits of say $1 million.b,121b,121They in turn use that $1 million as the necessary reserve to loan out say $100 million dollars.b,121b,121Every single one of those loans doesn't get a single cent paid back by the borrowers.b,121b,121Bank still has the original $1 million. b,121b,121Point being, 2 things:b,121b,121These were never cash transacctions to begin with...so the idea that the banks should be bailed-out with cash is not only ludicrous but criminal. b,121b,121And with the fractional reserve system under which they operate, there is no way in hell any bank should ever go belly up the way so many have as of late. b,121b,121Alex Jones for ~10 years has been saying that this shit would happen just the way it has...deliberately. b,121b,121Tell me he wasn't right.
  • nzshadownzshadow 5,518 Posts
    he aint lying.b,121b,121"Beware the leader who beats the drums of war in order to whip the citizenry into patriotic fervor, for patriotism is a double-edged sword.b,121b,121It emboldens the blood and narrows the mind. And when the drums of war have reached fever pitch and the blood boils with hate and the mind has closed, the leader will have no need to seize the rights of the citizenry. Rather, the citizenry, infused with fear and blinded by patriotism, will offer up all of their rights unto the leader and gladly so.b,121b,121How do I know?b,121b,121For this is what I have done.b,121b,121And I am Caesar."
  • HarveyCanalHarveyCanal "a distraction from my main thesis." 13,234 Posts
    Yep.b,121b,121And all of the talk about how tax revenue can be diverted to cover the bail-out...complete hogwash. All the Fed is going to do is issue credits to its buddy banks who will then be able to start playing their exponential games all over again. It's the modern-day equivalent of printing $700 billion in new bills that will simply be handed out with nothing in return.b,121b,121Hyper-inflation here we come.
  • SoulhawkSoulhawk 3,197 Posts
    "carbon credits are a tax on breathing"b,121b,121img src="/ubbthreads/images/graemlins/confused.gif" alt="" 21
  • nzshadownzshadow 5,518 Posts
    a href="http://www.federalreserve.gov/newsevents/speech/bernanke20081007a.htm" target="_blank"1http://www.federalreserve.gov/newsevents/speech/bernanke20081007a.htmb,121b,121b,121Bernackes speech, NZshadows highlights:b,121b,121b,121b,121... the $700 billion allocated by the legislation is not an authorization to spend but rather an authorization to purchase financial assets. b,121b,121WTF?!b,121b,121I didnt spend the rent money last night honey, i purchased beer./b1 b,121b,121The Treasury will be a patient investor and will likely hold these assets for an appreciable period of time. Eventually, however, some assets will mature, and the Treasury will choose to sell others to private investors. b,121b,121in other words, we will manipulate the market until our stolen assets are worth something again and then we will sell them to our cronies./b1b,121b,121Financially, in the long run, the taxpayer may come out either ahead or behind in this process; in light of the many uncertainties, no assurances can be given. b,121b,121well that clears that up then.../b1b,121b,121But the ultimate cost of the program to the taxpayer will certainly be far less than $700 billion. Third, and most important, restoring the normal flow of credit is essential for economic recovery. If the TARP promotes financial stability, leading ultimately to stronger economic growth and job creation, it will have proved a very good investment indeed, to everyone's benefit.b,121b,121and if it doesnt, it wont.../b1b,121b,121To be sure, there are many challenges associated with the design and implementation of the TARP, including determining which assets will be purchased and how prices will be determined. b,121b,121but we will 'purchase' the ones we want at a price we will determine.../b1b,121b,121The Treasury, with the advice and cooperation of the Federal Reserve, is working to address these challenges as quickly as possible. It is unlikely that a single method will be used for acquiring assets; inevitably, some experimentation will be necessary to determine which approaches are most effective.b,121b,121img src="/ubbthreads/images/graemlins/melt.gif" alt="" 21 img src="/ubbthreads/images/graemlins/badassbuddy_com-gangsta.gif" alt="" 21 img src="/ubbthreads/images/graemlins/balla-22.gif" alt="" 21
  • DORDOR Two Ron Toe 9,899 Posts
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  • GaryGary 3,982 Posts
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    font class="post"1b,121b,121b,121thats funny
  • SouthCrackalackSouthCrackalack 3,853 Posts
    I'd push the Budweiser whip.
  • edpowersedpowers 4,437 Posts
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    h,121
    b,121
    b,121Alex Jones for ~10 years has been saying that this shit would happen just the way it has...deliberately.
    b,121
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    b,121Hyper-inflation here we come.
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  • LokoOneLokoOne 1,823 Posts
    Capitalism IS the conspiracy! I don't get how people are suprised EVERYTIMe shit like this happens. If you check the history of capitalism over the last 200 years there have been at least 8 major financial meltdowns and at least another 80 plus financial F*ck ups that have been limited to only certain countries or areas or industries. Its even in Adam Smith's Wealth of Nations (the invisible hands of the market) and even Karl Marx was predicting shit like this in the Communist Manifesto (he even highlights the emerging stock market as the biggest threat).b,121b,121So why are people suprised or shocked or saddened? Why haven't people realised its not a handful of corrupt businessmen or politicians, its not mismanagement, its not greed, its not an accident or a hiccup or a pasing phase...this shit that we are seeing now is Capitalism at work...its built into the system, its one huge pyramid scheme, always has been, the commodities and coimpanies change, the rules (or lack of) remain the same. b,121b,121The other thing that shits me is the talk of billions of dollars LOST. Money doesnt get lost, it doesnt dissapear, it changes hands, so if one bank 'lost' 100 million then someone out there 'made' 100 million down the line...b,121there the ones that wait till everything gets sold off and buy it dirt cheap, so they can start the hustle all over again.b,121b,121And as for the freemarket...its really a case of free foxes amongst free chicken, now the foxes have eating thru their food supply and are taking the chicken feed too.....b,121b,121what has me worried is the australian media and govt constantly telling us our economy is the strongest and will survive etc. its like a broken record on repeat, like they dont want us to panic....that always makes me panic!
  • rootlesscosmorootlesscosmo 12,848 Posts
    ya know I was pretty sure what this dude Icke meant when he kept saying "they," as I've heard his drivel and that of his sad cohorts before, but I thought I'd go to his website just to be sure....b,121b,121yep, thought so:b,121b,121 img src="http://www.davidicke.com/images/stories/October 2008/pledge_d.jpg"1 b,121b,121thanks for explaining everything, Icke!b,121b,121I will give this crypto-Nazi crackpot credit for one thing, though: he's got an ILL hip-hop nickname: i1The Dot Connector![/i] b,121b,121 img src="/ubbthreads/images/graemlins/oj.gif" alt="" 21
  • LokoOneLokoOne 1,823 Posts
    I'd like Icke a bit more if he hadn't bitten the whole premise of his thoery from the TV show "V"..... b,121b,121But end of the day all these conspiracy dudes sell their books and dvds for top dollars like good old capitalist, make a profit and keep maintaining the very system they claim to hate. It could be worse, anyone ever read Pat Robertson's NWO rantings? Somehow he manages to convince himself the global capitlist freemarket system was created by communist (jewish ones at that!)b,121b,121b,121I ride for Michael Parenti!!!! img src="/ubbthreads/images/graemlins/headz.gif" alt="" 21
  • hemolhemol 2,578 Posts
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    b,121Banks take in cash deposits of say $1 million.
    b,121
    b,121They in turn use that $1 million as the necessary reserve to loan out say $100 million dollars.
    b,121
    b,121Every single one of those loans doesn't get a single cent paid back by the borrowers.
    b,121
    b,121Bank still has the original $1 million.
    b,121
    b,121Point being, 2 things:
    b,121
    b,121These were never cash transacctions to begin with
    b,121
    b,121
    h,121
    font class="post"1b,121b,121Are you serious? If your business gets a loan from a bank and uses the money to pay another business, payroll, or any other host of expenses you'd better believe that shit is a cash transaction and the bank will be making a payout. Checks do get cashed, and credit card companies do make payments. And, I think your figures are a little inflated.
  • nzshadownzshadow 5,518 Posts
    a href="http://news.bbc.co.uk/2/hi/business/7660409.stm" target="_blank"1http://news.bbc.co.uk/2/hi/business/7660409.stm/a1b,121b,121The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiralling figure.b,121b,121The digital counter marks the national debt level, but when that passed the $10 trillion point last month, the sign could not display the full amount.b,121b,121The board was erected to highlight the $2.7 trillion level of debt in 1989.b,121b,121The clock's owners say two more zeros will be added, allowing the clock to record a quadrillion dollars of debt.b,121b,121Douglas Durst, son of the late Seymour Durst - the clock's inventor - hopes to replace the Manhattan clock with its lengthier replacement early next year.b,121b,121For the time being, the Times Square counter's electronic dollar sign has been replaced with the extra digit required.b,121b,121For its part, the digital dollar symbol has been supplanted by a cheaper version - perhaps a sign of the times for the American economy.b,121b,121Some economists believe the $700bn bail-out plan for ailing US financial institutions could send the national debt level to $11 trillion. b,121b,121 img src="/ubbthreads/images/graemlins/poor.gif" alt="" 21
  • JimsterJimster Cruffiton.etsy.com 6,894 Posts
    Bill Gates to go down to the casino with Warren Buffet and put it all on Black.
  • bludgerbludger 32 Posts
    Alex Jones: Sound guyb,121b,121object width="425" height="344"1param name="movie" value=""1/param1param name="allowFullScreen" value="true"1/param1embed src="" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"1/embed1/object1
  • HarveyCanalHarveyCanal "a distraction from my main thesis." 13,234 Posts
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    b,121Alex Jones: Sound guy
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    b,121
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    font class="post"1b,121b,121That's what a real human reaction looks like when denial is finally cast aside and the truth of just how evil the forces being exerted upon us is realized. b,121b,121Most of us carry that same anger, consciously or subconsciously, but we've got it pent up in knots throughout our bodies. b,121b,121Fine time to let some of that anger out...and that can be done 1,000,000 different ways that don't entail fits of screaming. b,121b,121That's just what Alex does, he's a radio guy. He's telling you that the food you eat is deliberately designed to kill you. That's heavy shit. And considering how much people don't want to believe it, it becomes extremely burdonsome to be the deliverer of that message. b,121b,121TRUE AMERICAN HERO!
  • funkfromthesunfunkfromthesun 212 Posts
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    b,121The other thing that shits me is the talk of billions of dollars LOST. Money doesnt get lost, it doesnt dissapear, it changes hands, so if one bank 'lost' 100 million then someone out there 'made' 100 million down the line...
    b,121there the ones that wait till everything gets sold off and buy it dirt cheap, so they can start the hustle all over again.
    b,121
    b,121
    b,121
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    font class="post"1b,121b,121Cash doesn't disappear, but the value of an asset or a corporation can disappear, since the value is actually what people expect that you could get in cash if you sold the asset. In this reality, everybody can be a loser.
  • HarveyCanalHarveyCanal "a distraction from my main thesis." 13,234 Posts
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    h,121
    b,121Banks take in cash deposits of say $1 million.
    b,121
    b,121They in turn use that $1 million as the necessary reserve to loan out say $100 million dollars.
    b,121
    b,121Every single one of those loans doesn't get a single cent paid back by the borrowers.
    b,121
    b,121Bank still has the original $1 million.
    b,121
    b,121Point being, 2 things:
    b,121
    b,121These were never cash transacctions to begin with
    b,121
    b,121
    h,121
    font class="post"1
    b,121
    b,121Are you serious? If your business gets a loan from a bank and uses the money to pay another business, payroll, or any other host of expenses you'd better believe that shit is a cash transaction and the bank will be making a payout. Checks do get cashed, and credit card companies do make payments. And, I think your figures are a little inflated.
    b,121
    b,121
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    font class="post"1b,121b,121Banks can never produce much more cash than the reserves they are required to keep on hand. Overriding point being that banks are overextended by design. They count on the idea that not everyone will want to withdraw all of their money at the same time. That way they can handle forking over cash for certain loans they offer, but mortgages...are highly unlikeley to ever involve an actual demand on actual cash presence. b,121b,121I spoke to a guy yesterday who has worked in finance for 20 years...and he was telling me how he had recently been offered a no-money-down/no-income mortgage loan. That means some bank offered a dude with no cash on hand, with no job a $200K loan. Dude went on to say how he knew that that same offer had been targeted to low-income folks by cold calls on the phone. So people who weren't necessarily actively looking to buy a home were getting calls out of nowhere from banks saying...here's the perfect loan for you. b,121b,121Of course, especially considering the screwy terms of many of those loans, most of them went into default. And of course many of those loans were sold off by the original creditor to other shill banks. But make no mistake, this wasn't just a mishap. This was done on purpose...and why not, if the end result is that you not only get your initial pay-outs and a golden parachute at failure, but then a bail-out?
  • RAJRAJ tenacious local 7,779 Posts
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    b,121Hyper-inflation here we come.
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    font class="post"1b,121b,121b,121 img src="http://upload.wikimedia.org/wikipedia/commons/thumb/c/ca/Inflation-1923.jpg/250px-Inflation-1923.jpg"1 b,121b,121b,121 /font1
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    b,121 1923 Weimar Republic inflation: A German woman feeding a stove with Papiermarks, which burned longer than the amount of firewood people could buy with them.
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  • hemolhemol 2,578 Posts
    Banks were selling mortgages to other banks, who sold them to other banks, et cetera. They all got left with their f*cking pants down and their dicks brown.
  • LaserWolfLaserWolf Portland Oregon 11,517 Posts
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    h,121
    b,121Banks take in cash deposits of say $1 million.
    b,121
    b,121They in turn use that $1 million as the necessary reserve to loan out say $100 million dollars.
    b,121
    b,121Every single one of those loans doesn't get a single cent paid back by the borrowers.
    b,121
    b,121Bank still has the original $1 million.
    b,121
    b,121Point being, 2 things:
    b,121
    b,121These were never cash transacctions to begin with
    b,121
    b,121
    h,121
    font class="post"1
    b,121
    b,121Are you serious? If your business gets a loan from a bank and uses the money to pay another business, payroll, or any other host of expenses you'd better believe that shit is a cash transaction and the bank will be making a payout. Checks do get cashed, and credit card companies do make payments. And, I think your figures are a little inflated.
    b,121
    b,121
    h,121
    font class="post"1
    b,121
    b,121Banks can never produce much more cash than the reserves they are required to keep on hand. Overriding point being that banks are overextended by design. They count on the idea that not everyone will want to withdraw all of their money at the same time. That way they can handle forking over cash for certain loans they offer, but mortgages...are highly unlikeley to ever involve an actual demand on actual cash presence.
    b,121
    b,121I spoke to a guy yesterday who has worked in finance for 20 years...and he was telling me how he had recently been offered a no-money-down/no-income mortgage loan. That means some bank offered a dude with no cash on hand, with no job a $200K loan. Dude went on to say how he knew that that same offer had been targeted to low-income folks by cold calls on the phone. So people who weren't necessarily actively looking to buy a home were getting calls out of nowhere from banks saying...here's the perfect loan for you.
    b,121
    b,121Of course, especially considering the screwy terms of many of those loans, most of them went into default. And of course many of those loans were sold off by the original creditor to other shill banks. But make no mistake, this wasn't just a mishap. This was done on purpose...and why not, if the end result is that you not only get your initial pay-outs and a golden parachute at failure, but then a bail-out?
    b,121
    b,121
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    font class="post"1b,121b,121HC is right. Banks loan out more money than they have cash on hand. In the olden days (approx 1932-2004) they were allowed to loan $14 for every $1 they had in reserve. This was changed for the largest banks to $30 for every $1 in reserve.b,121b,121On top of the $$$ in reserve, they also have $$$ in circulation, cash to pay depositors, and checks coming through, and suppliers... When they are short they get an over night loan from another bank. Or at least they used to until banks got too scared to make those loans. b,121b,121At least that is how I understand it. b,121b,121I get loan offers constantly. I used to get offers for loans for upto 120% of my homes value. No money down and more money than my home is worth. b,121b,121They people who gave me the sub prime mortgage for my house turned around and sold the loan with in one week. The loan was owned by about 6 different companies in the first 2 years until GMAC got a hold of it. b,121b,121This is what my survivalist relative says; I'm not worried, if I lose my job I still own my home and I have a .22 so I can shot feral cats for food.
  • dwyhajlodwyhajlo 420 Posts
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    b,121Alex Jones: Sound guy
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    b,121
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    b,121That's what a real human reaction looks like when denial is finally cast aside and the truth of just how evil the forces being exerted upon us is realized.
    b,121
    b,121Most of us carry that same anger, consciously or subconsciously, but we've got it pent up in knots throughout our bodies.
    b,121
    b,121Fine time to let some of that anger out...and that can be done 1,000,000 different ways that don't entail fits of screaming.
    b,121
    b,121That's just what Alex does, he's a radio guy. He's telling you that the food you eat is deliberately designed to kill you. That's heavy shit. And considering how much people don't want to believe it, it becomes extremely burdonsome to be the deliverer of that message.
    b,121
    b,121TRUE AMERICAN HERO!
    b,121
    b,121
    h,121
    font class="post"1b,121b,121Except, from this clip alone (one of the few I've seen of him), it seems to me that he doesn't quite have a complete grasp of what he's talking about. What's this dude's background? Is he just a polemicist or does he actually know something about science, research and how medical studies are conducted?b,121b,121Whatever, I'm probably gonna be the first with back against the wall when the Revolution comes, though, being a pharmacist and all.
  • ElectrodeElectrode Los Angeles 3,086 Posts
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    b,121ya know I was pretty sure what this dude Icke meant when he kept saying "they," as I've heard his drivel and that of his sad cohorts before, but I thought I'd go to his website just to be sure....
    b,121
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    font class="post"1b,121b,121Every time I hear these guys use the word "they", I think of this movie scene...b,121b,121object width="425" height="344"1param name="movie" value=""1/param1param name="allowFullScreen" value="true"1/param1embed src="" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"1/embed1/object1b,121b,121Also, David Icke's crew rolls deep at the African Marketplace in L.A., where they sell their DVDs. I find that pretty odd since I'm sure that black people are "they", as well.
  • DORDOR Two Ron Toe 9,899 Posts
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  • funky16cornersfunky16corners 7,175 Posts
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    b,121
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    font class="post"1b,121b,121b,121If I ever cross paths with Glenn Beck I'm going to knock him on his know-nothing ass.
  • nzshadownzshadow 5,518 Posts
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    b,121If I ever cross paths with Glenn Beck I'm going to knock him on his know-nothing ass.
    b,121
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    font class="post"1b,121b,121 ive never heard of the guy, and he did kinda remind me of beaker from the muppets, but he didnt say anything that isnt true... why you wanna smack him?
  • nzshadownzshadow 5,518 Posts
    From: a href="http://www.afederalwhistleblowerstory.blogspot.com/" target="_blank"1www.afederalwhistleblowerstory.blogspot.com//a1b,121b,121What's been lost so far in all the uncertainty and confusion of this country's current financial fiasco?b,121b,121The fact that a cadre of white collar criminals are still out at large, just possibly pulling off one of the greatest heists in this country's history?b,121b,121I think so.b,121b,121I also imagine them as a well funded group of characters ???politically connected too, undoubtedly set for life now ??? all of the money needed for a lifetime of comfort and leisure, secured in just 3 to 5 years of fraud and deceit.b,121b,121Too many underestimate the untempered short term profit motive - to get in and out quickly, making millions, no wait, some making billions in the process.b,121b,121While many of us now reel in the uncertainty of our own short and long term financial security, the party's just begun for those who've perfected stealing with a pencil.b,121b,121I'll tell you what I think is missing from this news story thus far. Mortgage and banking CEO's in suits being led away in hand cuffs, a new breed of no-nonsense regulators being introduced to the American people, and how about a unified American voice declaring enough is enough!/b1b,121b,121[i]"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."/i1 b,121- Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802) 3rd president of US (1743 - 1826)
  • OkemOkem 4,617 Posts
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    b,121If I ever cross paths with Glenn Beck I'm going to knock him on his know-nothing ass.
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    b,121 ive never heard of the guy, and he did kinda remind me of beaker from the muppets, but he didnt say anything that isnt true... why you wanna smack him?
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    font class="post"1b,121b,121b,121If your definition of 'true' includes the words, paranoid and delusional, then sure.
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