Originally posted by leira7
You know what? We treat celebrities like gods, perhaps TPTB are killing them to create some sort of diversion, like a sacrificial ceremony of some sort. Maybe we should check to see what bills are passing in the White House right about now.

Originally posted by IthinkIbelieve
reply to post by zorkthegreat

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Silly man, I live in Denmark, know that country? In case you dont, we too have social security, free education etc. I DO HOWEVER have foresight enough to know that whatever befalls America comes back to haunt the rest of the world at some other time.

The best protection is a working regulatory institution.

While bush was in office, he installed more than 100 top officials who were once lobbyists, attorneys or spokespeople for the industries they oversee, which is a bit like assigning the fox to guard the hen house.

To add fuel to the fire, the SEC was filled with men of such unfathomable incompetence, they did not notice Bernard Madoff's Ponzi scheme after receiving detailed reports for nearly 10 years outlining ever detail of illegal activity.

Describing them thusly:

a group of 3,500 chickens tasked to chase down and catch foxes which are faster, stronger and smarter than they are…As currently staffed, the SEC would have trouble finding first base at Fenway Park if seated in the Red Sox dugout and given an afternoon to find it.

Then, Bush decided to remove the Uptick Rule, which made it possible for speculators and the arbitrageurs (remember them?) to literally send a company into bankruptcy using the open market, or at the very least, scare the hell out of everyone by causing the stock price to drop just a few pennies above zero.

Starting to get the picture of what's going on here?

Wait, there's more:

In 1999, Bill Clinton Signed into law the Gramm-Leach-Bliley Act, allowing mega corporations, wielding ungodly sums of money, to merge together and begin speculating in the derivatives and OTC market. It also made the now famous credit default swaps legally impossible to regulate.

Adding to the volatility of the market, oil prices were soaring to never before imagined heights, due mostly to the speculative activities of institutions fomenting higher prices with their 10s of billions of capital and low margin requirements:

world consumption of oil at 87 million bpd was far exceeded by the "paper market" for oil, which equals about 1.36 billion bpd, or more than 15 times the actual market demand.
www.reuters.com...

A study of the oil market by Masters Capital Management was released which claimed that speculation did significantly impact the market. The study stated that over $60 billion was invested in oil during the first 6 months of 2008, helping drive the price per barrel from $95 to $147 per barrel, and that by the beginning of September, $39 billion had been withdrawn by speculators, causing prices to fall.
www.thetimesonline.com...

And that's not even the half of it, but the rest, as they say, is history.
Here we are, slumped over, bailing out the very institutions that caused this mess

Originally posted by IthinkIbelieve
reply to post by zorkthegreat

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You win, I bite down hard on your trollbait. Now please, go take your unconstructive ranting somewhere else.

#1 It was ranked #1 as Most Livable City in the World by international lifestyle magazine Monocle on their Top 25 Most Livable Cities 2008 list[115]
#2 Worlds Best Design City 2008 also by Monocle.[115]
#3 Copenhagen ranked #4 by Financial Times-owned FDi magazine on their list of Top50 European Cities of the Future after London, Paris and Berlin.[73] In 2006/07 FDi Magazine named Copenhagen Scandinavian City of the Future[74] and in 2004/05 Copenhagen was named Northern European City of the Future ahead of other cities from Scandinavia, UK, Ireland and Benelux.[75]
#4 In the 2008 Worldwide Centers of Commerce Index, published by MasterCard, Copenhagen was ranked 14th in the world and 1st in Scandinavia.[76]
#5 Copenhagen #1 out of 254 locations in the Location Ranking Survey performed by ECA International that has asked European experts where they prefer to be stationed worldwide.[116]
#6 It was ranked #6 in Grist Magazine's "15 Green Cities" list in 2007 making Copenhagen the greenest capital of Scandinavia according to Grist Magazine.[117]
#7 It is the capital in the world where organic food has the largest market share. One in every ten purchases is organic in Copenhagen.[118]
#8 The Copenhagen Metro has been named the Best Metro in the World by industry experts.[107]
#9 It is the worlds #7 most expensive city and #3 most expensive in Europe on the Forbes List.[119]
#10 It is ranked #7 as Preferred City For Investment Projects.[120]
#11 It ranked 3rd in Western Europe in terms of attracting regional headquarters and distribution centers, only surpassed by London and Paris.[77]
#12 It ranks #1 in the Global Earning Ranking.[121]
#13 The city ranks as the 5th most popular city in the world for international meetings and conferences.[122]
#14 It ranks as one of the most attractive cities to live and work in Europe.[123]
#15 It is ranked 11th in Mercer's Quality of Living global city rankings 2009.[124]
#16 Lonely Planet ranks Copenhagen as Scandinavia's ' coolest ' capital

en.wikipedia.org...

regulate any company whose failure could endanger the U.S. economy

any company whose activity...

Originally posted by tOrnaDo_pHett
i think that michael jackson was killed, with demerol, as a means to distract us from just this very news.
every time brittney spears shaves her head, lindsey lohan gets a dui or something like that is considered the top "news" story of the day,
i say to myself "what are they distracting us from?"
and i turn to page 19 or 20 to see how we're being raped of our rights behind the curtains.
read this thread.
follow the links.
it adds up.
www.abovetopsecret.com...
micheal was murdered.

Originally posted by leira7
reply to post by tOrnaDo_pHett

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I called it first! Man, I hate being right sometimes, but I knew MJ's death was "strategically timed". They sacrificed another god to feed the machine.

Originally posted by leira7
You know what? We treat celebrities like gods, perhaps TPTB are killing them to create some sort of diversion, like a sacrificial ceremony of some sort. Maybe we should check to see what bills are passing in the White House right about now.

Thread I posted in

[edit on 26-6-2009 by leira7]