INPEFESS
Please remember me in your rosary intentions.
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Personality type: Mostly melancholic
Posts: 10,836
† "If anyone love Me, he will keep My word." †
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« on: May 10, 2012, 11:34:PM » |
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I n N omine P atris, E t F ilii, E t S piritus S ancti "The practice of the Church has always been the same, as is shown by the unanimous teaching of the Fathers, who were wont to hold as outside Catholic communion, and alien to the Church, whoever would recede in the least degree from any point of doctrine proposed by her authoritative magisterium" (Pope Leo XIII, Satis Cognitum, no. 9, June 29, 1896). “Wherefore, brethren, labour the more, that by good works you may make sure your calling and election. For doing these things, you shall not sin at any time” (2 Peter 1:10).
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Phillipus Iacobus
Blue Fish
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« Reply #1 on: May 10, 2012, 11:40:PM » |
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Marked for later viewing
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Adam Wayne
Member
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Location: Chicago Area
Personality type: INTP
Posts: 3,622
Banned for disrespecting Holy Father/language
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« Reply #2 on: May 11, 2012, 02:09:AM » |
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Who knows? I doubt I'll have the time to watch it. But, will look forward to comments.
My only observation is that I was in the car listening to WGN the other day. And this was being discussed. All one caller had to say was that this crisis, I would call it organized crime, was happening way before Obama so you can't lay it at his feet. So if that is the general theme the greater public takes away, it seems it may be an excuse piece. For Obama and for any other favored ones who are currently in the octupus' good graces.
Of course it began before Obama took office. It began when Hamilton wanted a Central Bank and before that when the Bank of England was chartered. In fact, it goes back to when Henry VIII seized Church property and started Capitalism.
Frontline is usually intelligent programming. But, it is still programming. So of course it is propaganda. It's all propaganda.
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INPEFESS
Please remember me in your rosary intentions.
Member
Gender:
Personality type: Mostly melancholic
Posts: 10,836
† "If anyone love Me, he will keep My word." †
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« Reply #3 on: May 11, 2012, 02:13:AM » |
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Who knows? I doubt I'll have the time to watch it. But, will look forward to comments.
My only observation is that I was in the car listening to WGN the other day. And this was being discussed. All one caller had to say was that this crisis, I would call it organized crime, was happening way before Obama so you can't lay it at his feet. So if that is the general theme the greater public takes away, it seems it may be an excuse piece. For Obama and for any other favored ones who are currently in the octupus' good graces.
Of course it began before Obama took office. It began when Hamilton wanted a Central Bank and before that when the Bank of England was chartered. In fact, it goes back to when Henry VIII seized Church property and started Capitalism.
Frontline is usually intelligent programming. But, it is still programming. So of course it is propaganda. It's all propaganda.
No, it does not argue that it started with Obama. It begins with the careers and backgrounds of the people immediately involved in the present economic crisis, so it goes back a bit longer than you might suspect. |
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I n N omine P atris, E t F ilii, E t S piritus S ancti "The practice of the Church has always been the same, as is shown by the unanimous teaching of the Fathers, who were wont to hold as outside Catholic communion, and alien to the Church, whoever would recede in the least degree from any point of doctrine proposed by her authoritative magisterium" (Pope Leo XIII, Satis Cognitum, no. 9, June 29, 1896). “Wherefore, brethren, labour the more, that by good works you may make sure your calling and election. For doing these things, you shall not sin at any time” (2 Peter 1:10).
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Adam Wayne
Member
Gender:
Location: Chicago Area
Personality type: INTP
Posts: 3,622
Banned for disrespecting Holy Father/language
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« Reply #4 on: May 11, 2012, 03:52:AM » |
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Who knows? I doubt I'll have the time to watch it. But, will look forward to comments.
My only observation is that I was in the car listening to WGN the other day. And this was being discussed. All one caller had to say was that this crisis, I would call it organized crime, was happening way before Obama so you can't lay it at his feet. So if that is the general theme the greater public takes away, it seems it may be an excuse piece. For Obama and for any other favored ones who are currently in the octupus' good graces.
Of course it began before Obama took office. It began when Hamilton wanted a Central Bank and before that when the Bank of England was chartered. In fact, it goes back to when Henry VIII seized Church property and started Capitalism.
Frontline is usually intelligent programming. But, it is still programming. So of course it is propaganda. It's all propaganda.
No, it does not argue that it started with Obama. It begins with the careers and backgrounds of the people immediately involved in the present economic crisis, so it goes back a bit longer than you might suspect. I realize that. What I was saying is that this one caller was using it to hold Obama harmless in the entire fiasco. A rather superficial idea. I had to turn off the radio at that point. |
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Hawaii Five-0
Banned for snarkiness and because he doesn't like this place anyway
Member
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Location: Lucena City, Quezon, Philippines.
Posts: 2,141
Me and my little pet monkey, his name is Skippy.
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« Reply #5 on: May 11, 2012, 05:15:AM » |
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I watched this a couple of years ago, it's a real eye opener. It's about how the Banksters ousted Brooksley Born who as the head of the CFTC tried to regulate the derivative market in a manner that would have put limits on their Ponzi scheme. They canned her and the rest is history.
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ggreg
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Don't hate what you cannot have
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« Reply #6 on: May 11, 2012, 05:54:AM » |
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I think.....I cannot afford to spend an hour watching it.
What is the conclusion?
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Tim
Gold Fish
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Location: chicago
Posts: 12,303
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« Reply #7 on: May 11, 2012, 11:15:AM » |
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Ggreg, it traces this back to two principlas, Rubin, and Greenspan. It says Sommers played the role of enforcer for Rubin, and got rid of Born at CTFC, and presumes her trying to regulate the derivatives market would have lessened the crisis. It slides by Bush with little mention, and focuses on Clinton's administration without really blaming him. More it attributes to Greenspan and Rubin, a shared a belief in hands off ala Ayn Rand, which at root was the problem. They omitted any mention of Raines at Freddie and Fannie, whose lobbyists got Congress to bless the bundling of failed mortgages with the good, and further bend the insurance regulations to allow credit default swaps. it ended with Sommers now endorsing a watered down version of Born's recomendations for control of derivatives. Knowing how these guys operate, these regs. will hog tie small business in some way, and they are not too effected as they have a different fraud cooking.
This was a pretty good piece of reporting, considering Frontline is an organ of the Democratic Party.None of this will ver really get fixed until Usury is outlawed.
tim
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ggreg
Member
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Posts: 10,586
Don't hate what you cannot have
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« Reply #8 on: May 11, 2012, 11:31:AM » |
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I own a business that helps sell the software that runs these derivative books. I've sold Credit Default Swap, Option, MBS, Bond Options, IRS you name it.
I can assure you that I don't really understand it. The bankers don't understand it, which is why JP Morgan just lost $2b on complex credit products in the last month. The Politicians certainly do not understand it. Everyone understands a tiny piece of the puzzle but the whole thing is understood by no human alive today.
There is no conspiracy. They are just greedy phuckers who are making themselves rich playing a game of usury monopoly. The politicians smooze with them because they get consultancy jobs, lobbying jobs and board roles when they leave politics. Same thing with regulators.
The decisions they make to allow or disallow these instruments are entirely down to human politics and have nothing to do with some super intelligent evil politician knowing or calculating that these instruments will bring down the financial system. Only people like Habitual Ritual believe that, but that is because he's never seen the inside of one of these trading rooms or had dinner with these people.
To understand the entire financial system and how to engineer a collapse from years out you would have to have the mind of God. It is incredibly complicated and almost completely irrational.
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Tim
Gold Fish
Gender:
Location: chicago
Posts: 12,303
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« Reply #9 on: May 11, 2012, 12:37:PM » |
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You're right in that no one completely understands these complex financial instruments. The politicos certainly don't, and they rely on how much they like a guy like Rubin.To breakdown these mechanisms to their power source and initial components, it is usury which drives them, and greed is the component which translates it to newer schemes. It's like a gear box, the power is the motor, and through the gears in the box which no one sees, a reduced, or increased speed is translated. Change the worm, and the spiroid gear, or even the other gears, and voila it's different but does the same job. It makes sterile money increase. As E. Michael Jones explains, this is the reason why bankers and sodomites are sent to the seventh ring of hell, according to Dante, they both engage in un-natural and sterile intercourse, one in the body, the other in commerce, and both cry out to God for vengeance.. Or as he has labeled them bankers and wankers.
tim
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