Anatomy of a Meltdown: Frontline special

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investorzzo's picture
investorzzo
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Anatomy of a Meltdown: Frontline special

When your in front of an avalanche, what do you do?

http://www.pbs.org/wgbh/pages/frontline/meltdown/view/

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Re: Anatomy of a Meltdown: Frontline special

I watched this Frontline episode and while it was fascinating, I was left unsatisfied. I did not learn in this episode, or anywhere for that matter, why our financial system did not collapse on Monday (of the following week - I think this was the day Paulson said we faced total collapse) despite the fact that the govt did not throw money at it (i.e. the banks) until several weeks later - and even then, the money they threw was not at the thing (toxic assets) they said they had to throw it at to avoid collapse. Can someone expound on this?

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Re: Anatomy of a Meltdown: Frontline special

because politicians don't know what they're doing.  Paulson has been wrong about everything he's ever said.  Just because Paulson says we're facing total collapse if we don't save them, i.e. if we don't waste taxpayers' money, doesn't mean it's true.  It's only because he talks to his buddies on Wall St that he said that.  They were screaming "hey, save us, we're going to collapse."  Just 2 years ago Paulson said the US economy was the strongest it's ever been.  Why do people listen to him?  Why do people listen to Geithner, who was in charge of NY...supposed to be the overseer of all the institutions that are now totally broke? These people are clueless.

Listen to private sector folks, not Treasury secretaries.  Jim Rogers is about the best when it comes to telling us the way the system works and who these types of people are.  He was part of the Wall St system for a while and knows the BS it pulls with DC quite well.

This 5-part series is awesome:  

Here he responds to Geithner:  
 

 

 

 

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Re: Anatomy of a Meltdown: Frontline special

It all depends on what you wish to believe. I believe that the bankers are looking to get as much money from the US before it collapses. That means to milk the fear for everything it's worth. The banker cartel is looking for the US to fall, completely. There by bringing about one world government; a new world order where they would have total control of the worlds economic machine.

The bankers support either side in a war. It's all about money. They supported Hitler. They will support the antichrist to. 

Lots of people now believe 911 was a false flag.  The banks get richer, while the misery level continues to grow for the common man and women. Like pigs at the troff, they want it all; power and control. And the money gives them that control and power. The ultimate monopoly viva ponzi scheme.

First capitalism; then socialism; then Fascism....... 

http://current.com/items/89793961/give_me_control_over_a_nations_currency_and_i_care_not_who_makes_its_laws.htm 

grl's picture
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Re: Anatomy of a Meltdown: Frontline special

thanks for the input- I am not discounting it. But I am looking for something beyond conspiracy. Maybe there is nothing beyond - but why isn't anyone asking my question? I keep thinking I am missing something. The whole damn world can't be that stupid.

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Re: Anatomy of a Meltdown: Frontline special

maybe I'm missing your question.  what is it exactly?  why the markets didn't do what Paulson said they'd do?  the guy seriously said we had the best economy ever just 2 years ago.  why put any trust in what he said about the collapse and the need for TARP?

it didn't matter what the specific program was, so whether the money was used for toxic assets or not was irrelevant.  all the government needed to do was show that they believed the institutions shouldn't fail like Lehman and they'd do what's necessary to keep them afloat...that's called a government "put"...socialize losses and avoid bankruptcy.  so it didn't matter what the money was used for.  that money has now actually been used by the big banks to buy up small banks, which shows what's really happening with all this crap.  they're giving big institutions controlled by big money folks a big amount of our money so they can keep themselves alive and further centralize the monetary system, eliminate the local banks who are actually more solvent and could serve their local communities after this collapse.  the Fed/DC/Wall St syndicate can't allow power to shift to local community...they need to maintain power by taking over local banks (which ironically is what made citibank a worthless institution in the first place...became too big buying up everything...now BoA is doing the same thing with taxpayer money...guaranteed to fail).

what was really in danger of collapsing?  not the world, not capitalism.  it was Wall St.  they were in danger of complete collapse for a couple days (the interbank credit market was completely gone...LIBOR was through the roof).  but that would've been a beautiful thing (very painful for a while, but it would've allowed the market to adjust).  the market would've forced them into bankruptcy court immediately during that bad week but once Bush agreed with Paulson that a bailout was coming, the Wall St boys were allowed to postpone bankruptcy and wait for the money.  without the government "put" we would've seen Wall St disappear just like Lehman which would've allowed the system to adjust according to market dynamics and shift financial power back to smaller banks.  that would've been painful for a couple years as the shock to the economy would've been catastrophic in the short term, but WAY less painful than what's coming as they continue trying to prop up the insolvent Wall St institutions which prevents the market from adjusting.  they are completely insolvent and a little taxpayer money isn't going to change that.  and that's what proves something more sinister is going on here...

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Re: Anatomy of a Meltdown: Frontline special

How can I get this across....my question really is not about Paulson; it's about everyone else. Ok, I'm going one more shot at explaining my question:

Why doesn't "everyone" say, hey, it is now well known that in Sept you, Paulson, scared the powers in Washington sh*tless by warning that our financial system was going to collapse if they didn't fix it the way you said it needed to be fixed, and pronto. In fact, your warning seemed to be that our financial system was in imminent danger of collapsing within days if Washington didn't do something immediately. However, it is also now well known that the "fix" took a few weeks and even then it wasn't the fix that you, Hank, said we needed. Now that it's in the open, why is "everyone" still believing that every fix that comes from Washington is necessary, will fix anything and/or is beneficial. Why isn't "everyone" calling B.S.? Again, the whole damn world can't be that stupid. I am frustrated that Frontline did not examine this further.  Why didn't the Frontline episode discuss at all the fact that Paulson's warnings did not come to pass despite the fact that his remedies were not enacted. I mean they sure did make drama out of his secret meeting with Congress....why not the follow-up. Or if there was some sort of stop-gap measure as you imply strabes, what exactly was it and how could a stop-gap, which by definition is weak,  put a hold on such an immiently devastating collaspe? (before anyone starts pontificating, understand I am in no way advocating any particular policy, just wondering why this recent history is ignored and/or not explained) I  felt the Frontline piece was dishonest, and for me unsatisfying, because it didn't discuss this.  

P.S. I agree Washington doesn't know what its doing. I think this gets to the heart of my question. 

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Re: Anatomy of a Meltdown: Frontline special

Got it.  I misunderstood your question.  Surprised

I think part of it is just how our society has been conditioned over the years to look to Washington DC to take care of us.  Mass media has created a world where americans sit in their living rooms watching TV screens on which good-looking people tell them what the all-powerful federal government is doing to take care of them (whether the war on terror, economic strife, hurricanes, whatever).  

But in my opinion the population was seeing through this whole charade.  80% didn't support the bailout plans in the first place yet Bush and Obama both worked hard to get Congress to pass them.  They knew Paulson was a stooge...and now they see Geithner is a clueless academic.  As Obama kept pushing the same type of policies, I think they were detecting a rebellion coming from the people.  And I think that's why we've seen them now try to divide and conquer us with the announcement of the $85B help for homeowners...man that got people pissed...see Chris' blog...so much rage directed at our fellow man.  So in my opinion that is distracting people from the real issue and keeping them from being royally pissed at the government and Wall St elite.

Robert Prechter at Elliott Wave has been predicting for several years now that whoever got elected in 2000, 2004, 2008 would go down as some of the most unpopular presidents in history because they're coming into office at the beginning of one of the nastiest bear markets and economic collapses in history (though the Fed propped things up with inflation until 07).  So far that's true with Bush.  The Elliott Wave forecasters said whoever got elected in 08 (hillary, mccain, obama, santa claus) wouldn't matter...the collapse is coming regardless and whoever is president is going down with the market.  So I feel bad for Obama because he's going to be the bad guy.  I think the population is going to continue getting even more pissed at government as these markets continue to breakdown and you'll stop seeing popular support for anything from Washington.  At that point, the population will be tending toward the anarchy side of the political spectrum and people are anticipating that DC will respond with actions from the tyranny side of the equation.  We'll see where things end up!  

On the stopgap issue, it was simply to get the market to know the treasury was behind Wall St and wouldn't let it fail, i.e. the "government put" (a put option puts a floor on a stock price so stockholders know it can't go to zero).  That allowed the banks to avoid walking down to bankruptcy court.  The specifics didn't matter at all.

 

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Re: Anatomy of a Meltdown: Frontline special

strabes...

 I wholeheartedly agree with your analysis of our current society.  I've become convinced that we're living in a society that is a strange mixture of "1984" , "Atlas Shrugged", and "Network".  I strongly recommend everyone read the two books and if they can find it, watch the 1976 movie "Network".  Below are links to 2 clips from "Network".  I'd dearly love to see someone pull this off on TV today.

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Re: Anatomy of a Meltdown: Frontline special

strabes, thanks for the pointer to the Jim Rogers interviews.  Good stuff!

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Re: Anatomy of a Meltdown: Frontline special

one of the most amazing sentiments i have ever heard is people feeling sorry for obama...........most recently expressed right here on the martenson blog(by strabes) where i would expect people to be more informed.

give me a job paying 400k with immeasurable perks, nice big house, my own security force ie. the u.s. military, a couple of private jets etc. etc. etc. oh and my kids going to a private school (even as i plan on revitalizing public education teh heh)

does anyone here actually believe obama gives a rats about any of us?

the man got 4x the money from wall street that mac got. he got almost a million from gold man sacks alone.

the man appoints the number two man from the fed to head the treas. there were 4 men in the room when the aig deal was worked out. the head of aig (the name escapes me at the moment , hard to keep all the players straight ), paulson, bernanke and geithner. paulson and bernanke were meeting in the fall of 07 working on the details of the tarp. the bill went from 3 pages virtually scribbled on a napkin on monday to 454 pages by thursday HELLO. 

obama came off the campaign trail to give a speech in favor of it on the floor of the senate. he never read it.

lisa as for why the media does not go deeper consider the fact that the government owns the airwaves and there are 5 corporations which are responsible for 98% of what you hear or see in msm. frontline? that is hilarious.

as for what is going on i just have one quote which keeps rattling my seriously addled head

"competition is sin" 

jd rockefelller

we will see many fewer players when the smoke clears.

this is classic disaster capitalism. which translates fascism.

so i ask you please before any one expresses sympathy for obama get informed. these are not stupid people this is not an accident and give me and all of us a break and express sympathy for the american people. we are being played for chumps

strabes's picture
strabes
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Re: Anatomy of a Meltdown: Frontline special

joe2baba, I completely agree with you.  I agree this is all staged.  this is the beginning of fascism under the control of the global bankers.  it's not just stupid mistakes being made by bureaucrats, but it's deliberate destruction of our monetary framework.  he was handpicked by bilderberger types back when he was at columbia/harvard (how else does a guy come from nowhere to suddenly beat the ex-president who ran the dem party?).  he is a classic ruling class elitist who wants to destroy the bourgeois and keep the proletariat down.

but, when I say I feel sorry for him I'm talking about his heart.  in clinton I saw a psychopath...he's lost, lots of hate.  in bush I saw a clueless boy still trying to please his parents and be the good kid.  in Obama I see a broken heart, deep sadness from a broken family story which gave him no sense of home, and I think it's redeemable...but he's signed on with the "dark side" so I think he's going the way of Clinton...he will soon be beyond hope.  I think as he goes into the depth of popularity like Bush he will turn cold like Clinton instead of becoming humble and letting himself feel his heart and, therefore, our hearts.  the cold people surrounding him like Emanuel will keep him from repenting.  I just feel sorry for that. 

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Re: Anatomy of a Meltdown: Frontline special

Strabes and Joe2:  STOP, you guys are making WAY TOO MUCH SENSE!!!

 

LOLOL!!!

investorzzo's picture
investorzzo
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Re: Anatomy of a Meltdown: Frontline special

Lisa G, it only become a conspiracy when few know about it. Just like the occult. Once everyone knows the truth, it is common knowledge. I realize conspiracy has a slightly different context.
Frontline isn’t going to tell us everything; it’s not meant to. They only tell us what they are allowed. Peter Schiff had an hour interview with Frontline and they cut it all? What about the truth of the bankers and the press, Assassinations of our presidents and Martin Luther King.
These men obviously threatened the establishment and so were killed! Anyone who threatens the bankers and the trail of deceit they have strewn about, are going to be bought off, discredited or murdered.
I believe we are in a spiritual war right now and may have always been in one. You will have to chose to either go along with what you know is wrong or face the wrath of those, who threw fear and intimidation will try and manipulate how you respond.
If people would only seek the truth, this thing would be busted wide open and the power of the corrupt would be exposed for all to see. Just look at George W Bush. He decided not to give amnesty to Libby as VP Chenny had asked for. Why, because Chenny is desperate not to be prosecuted for war crimes. And if Bush is going down, Chenny will to.
I tell everyone I know about Chrismartenson site and “Crash Course”. Even thow most don’t want to hear it now, I have learned that later on something might click for them and have had people come back and say wow! you were right. People need to be vigil and not complacent, as that is what those in power thrive on. Start doing your research now and make sure you download as much as possible on the web, as soon it to will be under attack from the establishment. Just like they control TV and Radio, they are trying hard to get the same control of the internet. Just google internet 2 and find out for yourself.
It’s sad that at this time we have never been more educated and people chose to sleep.........

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