10.09.08
A Managed Economic Crisis: VOTB
Various people and hedge fund managers (George Soros, etc…) want to control the world’s greatest nation. They will scheme anything to get it, even make more money!
The scheme of this election cycle is to cause as much economic turmoil as possible. Some people are calling this the expected “October Surprise”. Traditionally, the party in power is blamed for the nation’s economic situation. Bush, the Republicans and McCain will take the hit. This present Managed Economic Crisis will usher Obama and the socialized Democrats AND THEIR BACKERS into the white house.
What are they going to do with the U.S. if they get it? All the indicators point towards Feudalism.
Feudalism has it roots in the old world order. The ruling elite were served by tax paying minims and peasants. Those wanting to go back to the Old World Order (OWO) have been buying U.S. politicians for decades. Self-serving politicians are pushing OWO ideas right now – socialism. Socialism is a giant step in the direction of Feudalism. In order for the U.S. citizens to accept socialism, a crisis is needed. Enter the Managed Economic Crisis scheme.
The Manage Economic Crisis is about “selling short”. The SEC knows this and recently temporally banned the “selling short” of securities. The ban was lifted on October 2, 2008. Is it a coincidence the DOW was down on each day following October 3, 6, 7 and 8 a total of 1200 points.
The SEC’s emergency order, pursuant to its authority in Section 12(k)(2) of the Securities Exchange Act of 1934, will be immediately effective and will terminate at 11:59 p.m. ET on Oct. 2, 2008.
http://www.sec.gov/news/press/2008/2008-211.htm
The essence of the ban (“short selling”) is that the SEC has placed a hold on “short selling” in 799 financial institutions until October 2, 2008, in tandem with the FSA, which is the British counterpart of the SEC.”
http://www.canadafreepress.com/index.php/article/5221
Historically, hedge fund managers have proven they could cause financial turmoil in a country or region and still make money. The 1997 economic crisis in East Asia was just like the current one in the U.S. The hedge fund gamblers are playing on a global stage today. In an attempt to cover their tracks, a study was done at Yale (a politician’s higher education gateway).
Yale tested the hypothesis that hedge funds were responsible for the crash in the Asian currencies in late 1997. They claim that fluctuations in long or short positions were not associated with moves in the exchange rate. “The estimated net positions of the major funds were not unusual during the crash period, nor were the profits of the funds during the crisis. In sum, we find no empirical evidence to support the hypothesis that George Soros, or any other hedge fund manager was responsible for the crisis.”
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=58650
That’s double speak for “they did it”!
Others think differently then the Yales. In August 1997, the business week “The Rich Get a Little Richer,” revealed that ”hedge funds made big profits from speculative attacks on Southeast Asian currencies in July 1997. According to Business Week, in the first half of this year, the hedge funds performed poorly. But in July (the month when the Thai baht went into crisis and when other currencies began to come under attack) they “rebounded with a vengeance” and that most types of funds posted “sharp gains.” The magazine says that a key contributing factor for the hedge funds’ excellent July performance was “the funds’ speculative plays on the Thai baht and other struggling Asian currencies, such as the Malaysian ringgit and the Philippine peso. As a whole, the hedge funds made only 10.3 percent net profits (after fees) on average for the period January to June 1997. But their average profit rate jumped to 19.1 percent for January-July 1997.” The inclusion of one additional month was the difference!
http://www.ifg.org/khor.html
History repeats itself. The current Managed Economic Crisis mimics this historical event. One could substitute the U.S. in for the other countries and the East Asia crisis was just like the 2008 economic crisis.
“The build-up of short-term debts was becoming alarming. What transformed this into crisis for Thailand, Indonesia and South Korea was the sharp and sudden depreciation of their currencies, coupled with the reduction of their foreign reserves in anti-speculation attempts. When the currencies depreciated, the burden of debt servicing rose correspondingly in terms of the local- currency amount required for loan repayment. That much of the loans were short-term was an additional problem. Foreign reserves also fell in attempts to ward off speculative attacks. The short- term foreign funds started pulling out sharply, causing reserves to fall further. When reserves fell to dangerously low levels, or to levels that could not allow the meeting of foreign debt obligations, Thailand, Indonesia and South Korea sought IMF help.”
http://www.ifg.org/khor.html
Socialism comes to the rescue in East Asia. Can anyone stay $700 B bailout bill?
“The Central Bank however retained a key control: private companies wanting to borrow foreign-currency loans exceeding RM5 million must obtain the Bank’s approval. Companies are also not allowed to raise external borrowing to finance the purchase of properties in the country. Thus there was a policy of ‘limiting private sector external loans to corporations and individuals with foreign exchange earnings’ which according to Bank Negara ‘has enabled Malaysia to meet its external obligations from export earnings.’ According to a private-sector leader, this ruling saved Malaysia from the kind of excessive short-term priavte-sector borrowing that led the other three countries into a debt crisis.” http://www.ifg.org/khor.html
Question: Why was the SEC ruling banning short selling lifted so soon?
Some think money from outside the U.S. is trying to influence the elections and maybe do more damage. In 1997 the East Asia markets were attacked. Before 9/11 oversees money was ‘shorting’ in the U.S.
“Joe Besecker of Emerald Asset Management Company stated in an article dated 9.26.08 that the vast majority of the financial short selling the past week or so were being done overseas. It appears that the lion’s share of shorting was coming out of overseas bourses such as London and Dubai. ……. Then there is another coincidence: The huge increase in shorting of the financials occurred on the anniversary of 9/11. And on top of that, the same institutions attacked on 9/11/01 were the ones suffering in recent days.”
http://www.homelandsecurityus.com/20080926WS
Politicians are so bought and paid for that they would never acknowledge a Managed Economic Crisis. Politicians do not deserve our support. Just as the hedge fund managers are causing chaos in the financial markets, so should the voters in the political arena.
VOTB: Vote Out The (scheming) Bums
The VOTB strategy aims to shake up things in every political institution in the U.S. U.S. citizens need to wrestle control of our nation back from entrenched, egocentric politicians.
VOTB – vote out the bums: every incumbent, every election.
Pass on the VOTB idea.
