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Obama Warns of 2nd Financial Crisis

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posted on Jun, 16 2011 @ 12:24 PM
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The linked article was posted on the Canadian website Sympatico.ca, and makes reference to the Financial Crisis looming south of Us (Us being Canada). Below is the opening paragraph:

In an interview Tuesday with NBC's Today show, Obama said "the full faith and credit of the United States is the underpinning not only of our way of life, it's also the underpinning of a global financial system. We could actually have a reprise of a financial crisis, if we play this too close to the line. So we're going be working hard over the next month," he said.


Here is the Link below for the full article..
Obama warns of 2nd economic crisis




posted on Jun, 16 2011 @ 12:27 PM
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Ugh, I just see this as them covering their butts, so when it does hit the fan, they can say, "But we told you so!"



posted on Jun, 16 2011 @ 12:31 PM
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reply to post by lesisgod
 


Yeah it seems so. I believe this to be a classic False Flag move; blame the global economy so when TSHTF later all the american people will rally WITH as opposed to AGAINST their Government to fight the good figh.

WAR = $$$$$$



posted on Jun, 16 2011 @ 12:31 PM
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Ha!!! He say's, "...we are going to work hard over the next month." How long have we seen this coming!?!? How many respected members of our community have been trying to make this clear for the last year!?!? And he thinks that working hard for the next month can really put a halt to the impending financial crisis that we are seeing unfold. Come on Barry pull your head out of your rear and start smelling the air everyone else breathes!!!



posted on Jun, 16 2011 @ 12:32 PM
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reply to post by lesisgod
 


It's sure there will be a crisis if USA continue to wage war all over the world (Libya) because it has a cost.



posted on Jun, 16 2011 @ 12:33 PM
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reply to post by TheRealTruth84
 


Hey RealTruth ! You know what ? Here in France, the president says : "Work more to earn more". I see the results today



posted on Jun, 16 2011 @ 12:37 PM
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The truth comes out of the pupets mouth. Its about time



posted on Jun, 16 2011 @ 12:37 PM
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As I've been saying quite a bit recently, bring it on.

He seems to be afraid that his presidency will be remembered as being even worse than Jimmy Carter's.



posted on Jun, 16 2011 @ 12:38 PM
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reply to post by lesisgod
 


Well the global economy is to blame. Globalism is to blame. The notion of the New World Order is to blame! What order? Just crazy!

Globalism is the enemy and all those stupid ideas of Pike, Weishaupt, Rothschilds, Rockefeller and all the others who have terrorised us in their persuits of the One World Government.

All diversity of culture and rights are being destroyed and for what? This mess of exploitation. They have just ruined our world.



posted on Jun, 16 2011 @ 12:38 PM
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reply to post by LaTouffe
 


The only way to get out of an economic crisis as a country is to go to war.... Fastest stimulus package ever... It's been like that since Roman times.


Sad but true......



posted on Jun, 16 2011 @ 12:39 PM
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reply to post by Revolution9
 


Dude, I was para-phrasing not establishing an Ideal. Not my words they were his.



posted on Jun, 16 2011 @ 12:39 PM
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reply to post by lesisgod
 


mmm...i'm sure of that too.
edit on 11/04/11 by LaTouffe because: (no reason given)



posted on Jun, 16 2011 @ 12:43 PM
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2nd financial chrisis? We never got out of the first!
Hey Obama, how much do bullets, bombs, mortars, aircraft, tanks, humvees and funerals cost? Whats that? You have no idea? Oh, thats right the taxpayers have been hoisting that burden for quite some time now! Stop the looting of americans for the conquest of humanity!
edit on 16-6-2011 by Zippidee because: spelling



posted on Jun, 16 2011 @ 12:43 PM
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A second financial crisis!!?
I wasn't aware that the first finacial crisis was over...
"Just like buses... You wait ages and then two come along at the same time!



posted on Jun, 16 2011 @ 12:50 PM
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reply to post by lesisgod
 


I know, my friend. I was not meaning you atall.
Bless!



posted on Jun, 16 2011 @ 12:51 PM
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reply to post by Revolution9
 

cool.

2nd line



posted on Jun, 16 2011 @ 12:52 PM
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I, for one, know the "work on it real hard in the next month" is total bs. They aren't going to come to a deal until the remaining seconds are ticking down on the clock. The reason you ask? Because neither democrat nor republican wants to be known as the party that caved to the other's demands. What about us? Well, we are busy holding gang wars, avoiding the police, trying to find work, pay the bills, watching television. Who cares? Apparently only a small portion of us conspiracy theorists and dooms-dayers even care to talk about it.



posted on Jun, 16 2011 @ 01:02 PM
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reply to post by wildoracle13
 


Move to Canada we talk about that stuff all day long :-)



posted on Jun, 16 2011 @ 01:06 PM
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Obama doesn't care about covering his butt. He wants to scare everyone so that they get on board for QE3.

And QE3 will completely destroy us.



posted on Jun, 16 2011 @ 01:20 PM
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reply to post by Revolution9
 



Well the global economy is to blame. Globalism is to blame.

Government intervention via the Fed and other central banks caused these problems. Market globalism has nothing to do with this. If every human declared themselves to be sovereign entities, would they benefit by restricting trade among themselves? There is nothing special about free trade between nations with artificial borders. It's not different from free trade between cities, towns, states and individuals. If free trade between nations is bad, then free trade between individuals must also be bad.
edit on 16-6-2011 by Rockdisjoint because: (no reason given)



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