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  #1  
Old 10-12-2008, 01:27 AM
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Our current Economic Crisis could be result of Financial Terrorism

Quote:
On this year's anniversary of the 9/11 attacks, there was a sudden surge in the activity of U.S. hedge funds originating from overseas... like Dubai. There was a sharp rise in "short selling" of stocks, similar to the suspicious trades in the days preceding September 11, 2001. According to one well-known economist, the same institutions attacked on 9/11 are those suffering now. Coincidence?

By Douglas J. Hagmann, Director
http://www.homelandsecurityus.com/20080926WS

I also heard it explained that recently, the last half hour of trading, suspicious practices are being detected that make the market unstable, not leaving enough time for the market to adjust to the incident before the closing bell. Meaning the instability will remain, flow to other markets around the world, and open the markets in a wild unpredictable way the next day.

Don't know, but it does have some logic behind it.
 
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  #2  
Old 10-12-2008, 01:47 AM
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Originally Posted by thegamerslink View Post
Don't know, but it does have some logic behind it.

I see the logic of looking for scapegoats.
 
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Old 10-12-2008, 03:51 AM
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I think this video explains what caused the financial crisis rather well...

http://www.youtube.com/watch?v=mzJmTCYmo9g

Funny how satire often has a more accurate way of getting to the real issues than poliics.

 
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Old 10-12-2008, 02:09 PM
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Originally Posted by Ferre View Post

I see the logic of looking for scapegoats.
Here is better one

Man in the Bar:
Hey boy, stop pushing me around or I will face slap that Lady over there
 
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  #5  
Old 10-13-2008, 10:15 AM
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Actually it is the result of bad policy enacted by Jimmy Carter and perpetuated by Bill Clinton. http://detnews.com/apps/pbcs.dll/art...22/OPINION0301
 
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Old 10-13-2008, 10:20 AM
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Originally Posted by Mia View Post
Actually it is the result of bad policy enacted by Jimmy Carter and perpetuated by Bill Clinton. http://detnews.com/apps/pbcs.dll/art...22/OPINION0301
Do Reagan, Bush Sr. and Bush Jr. not bear any responsibility for putting an end to it in their combined 20 years?
 
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Old 10-13-2008, 10:31 AM
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Come on Zap, what responsibility are you talking about?

Under Clinton administration we Canadians paid $1.65 for American dollar and now thanks to G. W. Bush we are getting paid (as of today) $1.26

Would you rather pay or get paid?
 
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Old 10-13-2008, 11:39 AM
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Originally Posted by Zap View Post
Do Reagan, Bush Sr. and Bush Jr. not bear any responsibility for putting an end to it in their combined 20 years?
That's kinda difficult to do without a combined effort in the house and senate, with overriding veto power, something the democrats have only ever had.
 
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