Comments on: Greenspan Sees Steep Decline In U.S. GDP

Ex-Fed Chair Has No Doubt About Global Recession, Predicts Big Drop In Gross Domestic Product

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by ocasanas November 8, 2008 12:55 PM EST
Oops, in my previous posting: my "good buys" meant "good byes". I''m going to buy a dictionary (or check it out from the library). Good bye.
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by ocasanas November 8, 2008 12:53 PM EST
Okay, that''s it. I''m not buying anything else that I don''t need to survive. Good buy to plane tickes, good buy to cable, good buy to another car, good buy to a cell phone, good buy to new clothes, good buy to expensive food, good buy to restaurants, good buy to the movies. I''m going to the library and check out DVDs and books and enjoy them for free. I''m going to use a prepaid phone plan calling only in emergency situations, I''m going to not use a dryer for my clothes, I''m going to buy mostly fruits and vegetables and cook my own food. Good bye economy: it was good while it lasted. So long.
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by txgrouch2007 November 8, 2008 12:31 PM EST
The New Financial Order.
Posted by lochlan at 08:37 AM : Nov 08, 2008

Do a news search on the article from 10/30/2008, entitled "White House Defends Billions to Banks."

Paulson has DIVERTED THE HUNDREDS OF BILLIONS OF DOLLARS to invest it in the STOCK MARKET.

The article doesn''t mention Paulson by name. They coyly refer to him as the "Treasury Secretary," as if they forgot the name of that person. IT''S PAULSON.

There''s your NEW FINANCIAL ORDER.

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by lochlan-2009 November 8, 2008 11:37 AM EST
"It may just be another stage before you go down again, and I''m not going to forecast where we are going because I frankly don''t have a clue."

BULL SHH!T!!!! They made this happen intentionaly. The imminent financial collapse of the U.S. government should be here between Feb. and summer of next year. Deregulation of the markets to allow banks to bundle bad debts in with safe invesments was the construction of the bomb, and forcing Lehman Bros. int bankruptcy, was the detonator for the credit/cash freeze. International monetary regulations is their goal with a single global bank. The New Financial Order. How long this change will effect the sheeple will be determined by actions the governments take and how they are recieved and utilized by the sheeple resistance. Start taking steps NOW, and don''t be surprised IF the dollar collapses.

Now you know, only a fool would not look into this.
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by txgrouch2007 November 8, 2008 11:31 AM EST
"If things get any worse, we''''ll have to combine Mexico, Canada and the United States into one country, toss the Constitution, the dollar and of course, our guns, and then let the Messiah run everything. "--Posted by Deck

Who said "It''s better to die fighting on your feet than to live begging on your knees."

I''m pretty sure he meant for us to have guns.

Will the government give up ITS guns anytime soon? Yah, I''ll wait for THEM to go first.
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by txgrouch2007 November 8, 2008 11:28 AM EST
our plan for the banks to loosen up credit, that one was good, too.
Posted by judygee100 at 01:55 AM : Nov 08, 2008

Apparently you haven''t heard. Paulson has DIVERTED THE MONEY from the bank bailout to INVEST IN THE STOCK MARKET INSTEAD.

Imagine having $850 BILLION of TAXPAYER MONEY to invest in the stock market... mmmmm, green. But I digress.

DOES THIS SOUND LIKE A CONFLICT OF INTEREST?

We grew up being taught not to be conniving devious double-crossing criminals like this. I guess "they" taught us that so they''d have LESS COMPETITION. Because it looks like that''s the formula to become ONE OF THE MOST POWERFUL INDIVIDUALS IN THE WORLD!!!!

LOOKIT ME, MA! I''M ON TOPPA THE *WORRRRRRRLD*!!!!!!

But I guess you''re too young to remember that movie.

And it''s NOT just Republicans... Kennedy, Clinton, Barney Frank are good examples, too.
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by txgrouch2007 November 8, 2008 11:21 AM EST
All criminal jewbermans and neocons must be arrested for destroying america with their greed
Posted by shazam138 at 07:43 AM : Nov 08, 2008

News flash - Greenspan was a favorite of Democrat and Republican Presidents alike. Because he faithfully spewed whatever pablum the current administration wanted him to spew to support their agenda.

Greenspan spent his career as a stooge, a drone, a puppet, and a lackey. HE GOT RICH by pretending to be stupid and believing whatever they wanted him to believe.

He was "DOING WHAT IT TAKES" to be successful. Like John Belushi, Brittney Spears, Paris Hilton, and all the other stars who melted down. I guess James Dean and Marilyn Monroe fit that description, too.

Greenspan was a meltdown, but his meltdown MELTED DOWN THE COUNTRY instead of him.

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by hypnotoad72 November 8, 2008 10:42 AM EST
snopes.com -- it is a trusted source and they denounced the NAU and ''Amero'', as specified in fringe media outlets, a long time ago.

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by perk235 November 8, 2008 9:18 AM EST
The Federal Reserve is neither Federal, nor a Reserve. It is a conglomeration of PRIVATELY OWNED BANKS, whom we know make huge bonuses.

Interesting that JFK started the treasury printing silver-backed dollars that competed with the Federal Reserve Notes we all carry in our wallets. Apparently that died out with him.
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by shanev137 November 8, 2008 6:33 AM EST
Greenscam made this meltdown happen.
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by liuuu-2009 November 8, 2008 5:23 AM EST
One of 3 thermometers is confirmed bad while other 2 are not sure.
Obama tries to take accurate temperature by picking up the bad one (Bush) & his uncertain one (work with Bush to solve the economy problems)
Even kids know to abandon bad one & try the other 2(McCain)
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by judygee100 November 8, 2008 4:58 AM EST
we gave accolades to the companies that restructured and laid off workers, making smart moves to the cheapest labor, the import of toxic, filthy foods,and crappy products. the crappiest, were the strange financial products no one can actually explain, except to say they are the closest things to quarks. there were those million dollar commercials, with actors we could believe in, their sonorous voices reminding us how these companies with their worldwide visionary ceo''s (the guys who were busy cleaning out the vault) were getting even bigger while their workforce got smaller. meantime, back at the ranch (pun) we needed jobs that no longer existed. whole communities, cities were becoming devastated. people, began living solely on charge cards. paying for food. the doctor. socks, the kids school notebooks and underwear. just the slobs needed jobs. savvy guys would live off the market and some shmuck who would buy their house for ten times what it was worth 3 years before they sold it. you needed greenspan to tell you this was not going well? don''t greenspan me. or obama me, ooh my goodness he has no plan. maybe he''ll pull an all nighter and figure it out. it''s got to a better plan than the one for AIG. good thing we caught them before they spent our money on a spa retreat. our plan for the banks to loosen up credit, that one was good, too. now, the potato sack race for the money is over. if only someone had taken photos, we could have seen how really stupid we looked.
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by judygee100 November 8, 2008 4:56 AM EST
we gave accolades to the companies that restructured and laid off workers, making smart moves to the cheapest labor, the import of toxic, filthy foods,and crappy products. the crappiest, were the strange financial products no one can actually explain, except to say they are the closest things to quarks. there were those million dollar commercials, with actors we could believe in, their sonorous voices reminding us how these companies with their worldwide visionary ceo''s (the guys who were busy cleaning out the vault) were getting even bigger while their workforce got smaller. meantime, back at the ranch (pun) we needed jobs that no longer existed. whole communities, cities were becoming devastated. people, began living solely on charge cards. paying for food. the doctor. socks, the kids school notebooks and underwear. just the slobs needed jobs. savvy guys would live off the market and some shmuck who would buy their house for ten times what it was worth 3 years before they sold it. you needed greenspan to tell you this was not going well? don''t greenspan me. or obama me, ooh my goodness he has no plan. maybe he''ll pull an all nighter and figure it out. it''s got to a better plan than the one for AIG. good thing we caught them before they spent our money on a spa retreat. our plan for the banks to loosen up credit, that one was good, too. now, the potato sack race for the money is over. if only someone had taken photos, we could have seen how really stupid we looked.
Reply to this comment
by judygee100 November 8, 2008 4:55 AM EST
we gave accolades to the companies that restructured and laid off workers, making smart moves to the cheapest labor, the import of toxic, filthy foods,and crappy products. the crappiest, were the strange financial products no one can actually explain, except to say they are the closest things to quarks. there were those million dollar commercials, with actors we could believe in, their sonorous voices reminding us how these companies with their worldwide visionary ceo''s (the guys who were busy cleaning out the vault) were getting even bigger while their workforce got smaller. meantime, back at the ranch (pun) we needed jobs that no longer existed. whole communities, cities were becoming devastated. people, began living solely on charge cards. paying for food. the doctor. socks, the kids school notebooks and underwear. just the slobs needed jobs. savvy guys would live off the market and some shmuck who would buy their house for ten times what it was worth 3 years before they sold it. you needed greenspan to tell you this was not going well? don''t greenspan me. or obama me, ooh my goodness he has no plan. maybe he''ll pull an all nighter and figure it out. it''s got to a better plan than the one for AIG. good thing we caught them before they spent our money on a spa retreat. our plan for the banks to loosen up credit, that one was good, too. now, the potato sack race for the money is over. if only someone had taken photos, we could have seen how really stupid we looked.
Reply to this comment
by judygee100 November 8, 2008 4:54 AM EST
we gave accolades to the companies that restructured and laid off workers, making smart moves to the cheapest labor, the import of toxic, filthy foods,and crappy products. the crappiest, were the strange financial products no one can actually explain, except to say they are the closest things to quarks. there were those million dollar commercials, with actors we could believe in, their sonorous voices reminding us how these companies with their worldwide visionary ceo''s (the guys who were busy cleaning out the vault) were getting even bigger while their workforce got smaller. meantime, back at the ranch (pun) we needed jobs that no longer existed. whole communities, cities were becoming devastated. people, began living solely on charge cards. paying for food. the doctor. socks, the kids school notebooks and underwear. just the slobs needed jobs. savvy guys would live off the market and some shmuck who would buy their house for ten times what it was worth 3 years before they sold it. you needed greenspan to tell you this was not going well? don''t greenspan me. or obama me, ooh my goodness he has no plan. maybe he''ll pull an all nighter and figure it out. it''s got to a better plan than the one for AIG. good thing we caught them before they spent our money on a spa retreat. our plan for the banks to loosen up credit, that one was good, too. now, the potato sack race for the money is over. if only someone had taken photos, we could have seen how really stupid we looked.
Reply to this comment
by judygee100 November 8, 2008 4:53 AM EST
we gave accolades to the companies that restructured and laid off workers, making smart moves to the cheapest labor, the import of toxic, filthy foods,and crappy products. the crappiest, were the strange financial products no one can actually explain, except to say they are the closest things to quarks. there were those million dollar commercials, with actors we could believe in, their sonorous voices reminding us how these companies with their worldwide visionary ceo''s (the guys who were busy cleaning out the vault) were getting even bigger while their workforce got smaller. meantime, back at the ranch (pun) we needed jobs that no longer existed. whole communities, cities were becoming devastated. people, began living solely on charge cards. paying for food. the doctor. socks, the kids school notebooks and underwear. just the slobs needed jobs. savvy guys would live off the market and some shmuck who would buy their house for ten times what it was worth 3 years before they sold it. you needed greenspan to tell you this was not going well? don''t greenspan me. or obama me, ooh my goodness he has no plan. maybe he''ll pull an all nighter and figure it out. it''s got to a better plan than the one for AIG. good thing we caught them before they spent our money on a spa retreat. our plan for the banks to loosen up credit, that one was good, too. now, the potato sack race for the money is over. if only someone had taken photos, we could have seen how really stupid we looked.
Reply to this comment
by judygee100 November 8, 2008 4:52 AM EST
we gave accolades to the companies that restructured and laid off workers, making smart moves to the cheapest labor, the import of toxic, filthy foods,and crappy products. the crappiest, were the strange financial products no one can actually explain, except to say they are the closest things to quarks. there were those million dollar commercials, with actors we could believe in, their sonorous voices reminding us how these companies with their worldwide visionary ceo''s (the guys who were busy cleaning out the vault) were getting even bigger while their workforce got smaller. meantime, back at the ranch (pun) we needed jobs that no longer existed. whole communities, cities were becoming devastated. people, began living solely on charge cards. paying for food. the doctor. socks, the kids school notebooks and underwear. just the slobs needed jobs. savvy guys would live off the market and some shmuck who would buy their house for ten times what it was worth 3 years before they sold it. you needed greenspan to tell you this was not going well? don''t greenspan me. or obama me, ooh my goodness he has no plan. maybe he''ll pull an all nighter and figure it out. it''s got to a better plan than the one for AIG. good thing we caught them before they spent our money on a spa retreat. our plan for the banks to loosen up credit, that one was good, too. now, the potato sack race for the money is over. if only someone had taken photos, we could have seen how really stupid we looked.
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by txgrouch2007 November 8, 2008 2:17 AM EST
How can such highly educated people be so stupid?
Posted by zolefart at 11:09 PM : Nov 07, 2008

Ah, yes. The age-old question. Why do successful people seem so stupid?

It''s because they have gained the meta wisdom. They aren''t really stupid. But they know when it''s better for their own success to PRETEND they are. So you can pretend to believe in what makes you successful, even if that''s not what''s rational.

Greenspan had a long, long career. He got re-appointed over and over again by Republicans and Democrats alike. Why?

Because he played stupid and pretended to believe whatever they wanted him to pretend he believed. The scary part is, he''s a libertarian. Sometimes he WASN''T pretending to be so stupid.

But more often than not, he knew d@*n well he was spouting political pablum just to pander to the one who would re-appoint him.

THAT''S WHAT MAKES IT CRIMINAL. That''s why he belongs behind bars.
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by missingamerica November 8, 2008 2:15 AM EST
"If the value of equity goes up, that amount of capital is available to be disbursed most anywhere," he [Greenspan] said.

Yah, like in bonuses to the C-level execs.
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by Hybdiesel November 8, 2008 2:09 AM EST
Will never forget the day I heard Greenspan say, it does not matter where THINGS, are built. I wonder if he is getting the picture yet. A dumb old man like my self knows, people without job''s do not purchase homes, cars and etc. How can such highly educated people be so stupid?
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