Obamas economic advisor no "White Male Construction Workers"

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  • CIVMatt
    Amateur Pimpin
    • Aug 2004
    • 13075

    #1

    Obamas economic advisor no "White Male Construction Workers"



    http://www.youtube.com/watch?v=opxuUj6vFa4


    Seriously? wtf....
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  • onwebcam
    Fake Nick 1.0
    • Oct 2005
    • 27689

    #2
    They must not be aware of the very large Mexican illegal worker population which takes up the a lot of the construction workforce.
    Last edited by onwebcam; 01-23-2009, 12:47 PM.
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    • PurrrsianPussyKat
      Confirmed User
      • Jan 2004
      • 2088

      #3
      LOL They built a shopping center near us about a year or so ago.. An unemployed white mason when there to try to get a job and the foreman laughed at him. He told him to look around. That he wouldn't fit in there... it was all illegal mexicans doing the concrete work.

      How do I know they were illegal? He got pissed off and called INS and they had to bring buses to cart them all off.
      Need a reliable, reasonably priced php programmer? Hit me up! 2934409

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      • collegeboobies
        So Fucking Banned
        • Jul 2004
        • 3644

        #4
        Originally posted by PurrrsianPussyKat
        LOL They built a shopping center near us about a year or so ago.. An unemployed white mason when there to try to get a job and the foreman laughed at him. He told him to look around. That he wouldn't fit in there... it was all illegal mexicans doing the concrete work.

        How do I know they were illegal? He got pissed off and called INS and they had to bring buses to cart them all off.
        Haha smart guy

        Comment

        • Fletch XXX
          GFY HALL OF FAME DAMMIT!!!
          • Jan 2002
          • 60840

          #5
          yeah thats pretty fucked up for him to say thats for sure.

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          • Fletch XXX
            GFY HALL OF FAME DAMMIT!!!
            • Jan 2002
            • 60840

            #6
            notice its not being picked up by real news at all

            http://news.google.com/news?hl=en&ta...nG=Search+News

            as predicted if this shit continues, it will only piss off whites, who are hurting just as bad as anyone.

            amazing... to say the least

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            • baddog
              So Fucking Banned
              • Apr 2001
              • 107089

              #7
              Surprise

              Comment

              • BradM
                Confirmed User
                • Dec 2003
                • 3397

                #8
                Originally posted by Fletch XXX
                notice its not being picked up by real news at all

                http://news.google.com/news?hl=en&ta...nG=Search+News

                as predicted if this shit continues, it will only piss off whites, who are hurting just as bad as anyone.

                amazing... to say the least
                that's racist

                Comment

                • Fletch XXX
                  GFY HALL OF FAME DAMMIT!!!
                  • Jan 2002
                  • 60840

                  #9
                  Originally posted by BradM
                  that's racist
                  yes, excluding whites from jobs is in fact, racist.

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                  • onwebcam
                    Fake Nick 1.0
                    • Oct 2005
                    • 27689

                    #10
                    Originally posted by BradM
                    that's racist
                    As racist as black Congressman and Jewish political economic advisor discussing excluding a portion of workers via color? Something very wrong with that picture to me.
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                    • Lester Burnham
                      Confirmed User
                      • Aug 2006
                      • 540

                      #11
                      "The Man" is trying to keep the white guy down. LOL

                      Going to be an interesting 4 years to say the least. I suspect a fundamental change in who plays the "race card".

                      White males shouldn't be concerned. Last I checked, 95% of the major CEOs, billionaires and major political leaders in this country are white males. No need to get alarmed...

                      Comment

                      • pornguy
                        Too lazy to set a custom title
                        • Mar 2003
                        • 62910

                        #12
                        Originally posted by Lester Burnham
                        "The Man" is trying to keep the white guy down. LOL

                        Going to be an interesting 4 years to say the least. I suspect a fundamental change in who plays the "race card".

                        White males shouldn't be concerned. Last I checked, 95% of the major CEOs, billionaires and major political leaders in this country are white males. No need to get alarmed...
                        And what you just said means NOTHING.. that 95% make up less than 5% of the entire population.

                        And since they are business men they are going to do what they can to turn a bigger profit. If that means getting Money from the government and getting to hire people that will 1. work for less, 2, take fewer breaks and 3. be injured less out out sick less, then they are going to jump on the double profits.



                        If there is a problem in the US with Illegals being employed, then its a simple thing to fix. if a company hires even 1 illegal person, the illegal worker gets 3 years suspended and sent back to his country. The Foreman that hired him gets 3 years, the secretary that processed the papers gets 3 years the Foreman's boss gets 3 years and all the way up to the CEO and board of directors...

                        This will happen 1 time. Then illegals will go home if there is no work.
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                        • Fletch XXX
                          GFY HALL OF FAME DAMMIT!!!
                          • Jan 2002
                          • 60840

                          #13
                          Originally posted by Lester Burnham

                          White males shouldn't be concerned. Last I checked, 95% of the major CEOs, billionaires and major political leaders in this country are white males. No need to get alarmed...
                          yeah because we all know, every white male is rich, lives in a mansion with black servants and eats caviar for breakfast, where do you racists get this shit?

                          Reich continued: "I have nothing against white male construction workers. I'm just saying that there are a lot of other people who have needs as well. And therefore, in my remarks I have suggested to you, and I'm certainly happy to talk about it more, ways in which the money can be -- criteria can be set so that the money does go to others: the long-term unemployed, minorities, women, people who are not necessarily construction workers or high-skilled professionals."
                          the bold clearly states he aims to seek ways to make sure "criteria" (race) can be used to divide the money. wow

                          now really, you dont have to be white to see something fundamentally wrong with this approach.

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                          • Barefootsies
                            Choice is an Illusion
                            • Feb 2005
                            • 42635

                            #14
                            Originally posted by CIVMatt
                            Obamas economic advisor no "White Male Construction Workers"
                            Should You Email Your Members?

                            Link1 | Link2 | Link3

                            Enough Said.

                            "Would you rather live like a king for a year or like a prince forever?"

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                            • pornguy
                              Too lazy to set a custom title
                              • Mar 2003
                              • 62910

                              #15
                              Originally posted by Fletch XXX
                              yeah because we all know, every white male is rich, lives in a mansion with black servants and eats caviar for breakfast, where do you racists get this shit?



                              the bold clearly states he aims to seek ways to make sure "criteria" (race) can be used to divide the money. wow

                              now really, you dont have to be white to see something fundamentally wrong with this approach.
                              PornGuy skype me pornguy_epic

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                              • spacedog
                                Yes that IS me. Bitch.
                                • Nov 2001
                                • 14149

                                #16
                                Can't say I am surprised one bit. I knew this was coming, and this is just the beginning.

                                You're gonna see a HUGE change in social engineering and redistribution of wealth.


                                Obama isn't about for America, and never was. His true agenda will be revealed soon enough.
                                Last edited by spacedog; 01-23-2009, 01:44 PM.

                                Comment

                                • Lester Burnham
                                  Confirmed User
                                  • Aug 2006
                                  • 540

                                  #17
                                  Originally posted by Fletch XXX
                                  where do you racists get this shit?
                                  LMAO - I'm a racist because I just stated a fact?

                                  Chill out. GENERALLY SPEAKING, white males still run shit in this country - period. They get promoted faster, are paid better, etc., etc. It is what it is. It is just amusing that lately you hear white guys playing the race card and talking about the injustice of reverse discrimination. Yaaaawn.

                                  People normally go ape shit when minorities play the race card (i.e., "deal with it...quit complaining"). Can't anyone see the irony in this thread? I'm trying not to tear up with all the injustice being imposed on poor white males *cries*

                                  Comment

                                  • baddog
                                    So Fucking Banned
                                    • Apr 2001
                                    • 107089

                                    #18
                                    Originally posted by Fletch XXX
                                    yeah because we all know, every white male is rich, lives in a mansion with black servants and eats caviar for breakfast,
                                    shhh . . . . the first rule of being white . . .

                                    Comment

                                    • Fletch XXX
                                      GFY HALL OF FAME DAMMIT!!!
                                      • Jan 2002
                                      • 60840

                                      #19
                                      Originally posted by Lester Burnham
                                      LMAO - I'm a racist because I just stated a fact?
                                      you didnt state a single fact, you made blanket statements claiming whites have nothing to worry about, you could not be further from the truth.

                                      i wont argue with you about this. your original comment stands out as testament to your ignorance/racism.

                                      no one is playing a race card, we are discussing a statement made to exclude whites.

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                                      • Fletch XXX
                                        GFY HALL OF FAME DAMMIT!!!
                                        • Jan 2002
                                        • 60840

                                        #20
                                        Originally posted by baddog
                                        shhh . . . . the first rule of being white . . .
                                        yeah i know, imagine if he used the term nappy headed white male construction workers LOL

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                                        • Lester Burnham
                                          Confirmed User
                                          • Aug 2006
                                          • 540

                                          #21
                                          Originally posted by Fletch XXX
                                          \
                                          no one is playing a race card, we are discussing a statement made to exclude whites.
                                          LOL. Um ok. I really hope things work out for you guys. Hopefully the Man won't continue to keep you down...

                                          Comment

                                          • billyb
                                            Confirmed User
                                            • Jul 2008
                                            • 184

                                            #22
                                            HA HA go NAFTA and GATT, WTO, these trade policies have really worked out for everybody. The Democrats want the Illegals here for the vote. The Republicans want the Illegals for the cheap labor. It's a nice way for both parties to wipe out the middle class.

                                            Both parties are both fucking! us and they will continue until we through all of them out.
                                            I wish we had another Thomas Jefferson, one of the only Democrats I like. He believed that if the government does not work for you. Then you should have a revolution, we Americans are like the frog in the warm water inside of the boiling pot.

                                            We are fucked!.

                                            Comment

                                            • spacedog
                                              Yes that IS me. Bitch.
                                              • Nov 2001
                                              • 14149

                                              #23
                                              Originally posted by billyb
                                              We are fucked!.
                                              I've known that since day one, but the zealots were too blind in their fever for their messiah, now it's too late.

                                              Comment

                                              • psili
                                                Confirmed User
                                                • Apr 2003
                                                • 5526

                                                #24
                                                Originally posted by spacedog
                                                I've known that since day one, but the zealots were too blind in their fever for their messiah, now it's too late.
                                                1. Stop talking to chat bots.
                                                2. Put the keyboard down.
                                                3. And take many, many steps away from the computer.

                                                See. Doesn't that feel better, even with your tinfoil hat on?
                                                Your post count means nothing.

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                                                • CosmicTang
                                                  Confirmed User
                                                  • Feb 2007
                                                  • 1478

                                                  #25
                                                  The text that's been superimposed is making a lot of inferences that aren't in what the men were actually saying.
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                                                  • Ayla_SquareTurtle
                                                    Confirmed User
                                                    • Sep 2005
                                                    • 3550

                                                    #26
                                                    Originally posted by billyb
                                                    HA HA go NAFTA and GATT, WTO, these trade policies have really worked out for everybody. The Democrats want the Illegals here for the vote. The Republicans want the Illegals for the cheap labor. It's a nice way for both parties to wipe out the middle class.

                                                    Both parties are both fucking! us and they will continue until we through all of them out.
                                                    I wish we had another Thomas Jefferson, one of the only Democrats I like. He believed that if the government does not work for you. Then you should have a revolution, we Americans are like the frog in the warm water inside of the boiling pot.

                                                    We are fucked!.
                                                    Illegals can vote? I had no idea.

                                                    You do have a point though in that it's pretty clear that the powers that be aren't ACTUALLY interested in getting rid of illegal workers because the solutions are so clear and simple. If they wanted it done, it would be done.
                                                    gone. long gone.

                                                    aylasquareturtle .."a"t".. gmail dawt com

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                                                    • Snake Doctor
                                                      I'm Lenny2 Bitch
                                                      • Mar 2001
                                                      • 13449

                                                      #27
                                                      The video could be a fake. It's obviously propaganda and his lips don't appear to be in sync with the sound.

                                                      That being said...this guy is an unpaid advisor....not even sure if he is still an advisor, he was an unofficial one during the campaign....not to mention every time I've seen him on the news he prefaces every remark with "I'm not speaking for the campaign, only for myself"
                                                      Last edited by Snake Doctor; 01-23-2009, 02:20 PM.
                                                      sig too big

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                                                      • After Shock Media
                                                        It's coming look busy
                                                        • Mar 2001
                                                        • 35299

                                                        #28
                                                        Originally posted by CosmicTang
                                                        The text that's been superimposed is making a lot of inferences that aren't in what the men were actually saying.
                                                        Shh... you will ruin it.

                                                        [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

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                                                        • Snake Doctor
                                                          I'm Lenny2 Bitch
                                                          • Mar 2001
                                                          • 13449

                                                          #29
                                                          The troof will set you free
                                                          http://mediamatters.org/items/200901230015?f=h_latest
                                                          sig too big

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                                                          • onwebcam
                                                            Fake Nick 1.0
                                                            • Oct 2005
                                                            • 27689

                                                            #30
                                                            Originally posted by Snake Doctor
                                                            The troof you presented is someone telling you that someone else didn't say something.

                                                            Grant it the video could be fake but someone making a report quoting exactly the terms and saying he didn't say it doesn't work for me.
                                                            Last edited by onwebcam; 01-23-2009, 03:40 PM.
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                                                            • DatingGold
                                                              $6 PER EMAIL JOiN
                                                              • Feb 2003
                                                              • 13185

                                                              #31
                                                              i could read all this and get upset but either way it won't matter, plus its friday
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                                                              • onwebcam
                                                                Fake Nick 1.0
                                                                • Oct 2005
                                                                • 27689

                                                                #32
                                                                It doesn't really upset me. I consider those two people pieces of shit because of it but it's nothing compared to whats to come. Stuff like this is just to try and get a bunch of infighting going on so no one is paying attention to the real issues.
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                                                                • tony299
                                                                  lurker
                                                                  • Aug 2002
                                                                  • 57021

                                                                  #33
                                                                  Originally posted by Snake Doctor
                                                                  The video could be a fake. It's obviously propaganda and his lips don't appear to be in sync with the sound.

                                                                  That being said...this guy is an unpaid advisor....not even sure if he is still an advisor, he was an unofficial one during the campaign....not to mention every time I've seen him on the news he prefaces every remark with "I'm not speaking for the campaign, only for myself"
                                                                  Thank you, it has a real agenda. Its going to get real dirty.

                                                                  Comment

                                                                  • Bill8
                                                                    Confirmed User
                                                                    • Oct 2001
                                                                    • 1901

                                                                    #34
                                                                    Awww thats sad, all you white construction workers aren't first in line anymore.

                                                                    I think I'll cry a bit for all the white construction workers.

                                                                    Comment

                                                                    • tony299
                                                                      lurker
                                                                      • Aug 2002
                                                                      • 57021

                                                                      #35
                                                                      barry aint playing http://www.nypost.com/seven/01232009...alk_151572.htm

                                                                      Comment

                                                                      • Snake Doctor
                                                                        I'm Lenny2 Bitch
                                                                        • Mar 2001
                                                                        • 13449

                                                                        #36
                                                                        Originally posted by onwebcam
                                                                        The troof you presented is someone telling you that someone else didn't say something.

                                                                        Grant it the video could be fake but someone making a report quoting exactly the terms and saying he didn't say it doesn't work for me.
                                                                        Considering that you're a conspiracy nut who probably believes that 9/11 was an inside job and that the U.S. is going to merge with Mexico and Canada because the illuminati told them to....I think the fact that you have a super high standard of proof for this thing is laughable.

                                                                        Media Matters is a great organization. If you're interested in seeing past the spin and getting down to the facts it's a great place to start.
                                                                        sig too big

                                                                        Comment

                                                                        • onwebcam
                                                                          Fake Nick 1.0
                                                                          • Oct 2005
                                                                          • 27689

                                                                          #37
                                                                          Originally posted by Snake Doctor
                                                                          Considering that you're a conspiracy nut who probably believes that 9/11 was an inside job and that the U.S. is going to merge with Mexico and Canada because the illuminati told them to....I think the fact that you have a super high standard of proof for this thing is laughable.

                                                                          Media Matters is a great organization. If you're interested in seeing past the spin and getting down to the facts it's a great place to start.
                                                                          Watch these video's and pay attention to whats going to happen in the very near future. You can start paying attention with Obama's 1 trllion dollar plan. Before long we'll know who the nut's are.

                                                                          http://video.google.com/videoplay?do...19354420953428

                                                                          http://video.google.com/videoplay?do...74362583451279

                                                                          http://video.google.com/videoplay?do...19560256183936

                                                                          http://video.google.com/videoplay?do...19765816415310
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                                                                          • PornMD
                                                                            Mainstream Businessman
                                                                            • Jan 2007
                                                                            • 9291

                                                                            #38
                                                                            Originally posted by onwebcam
                                                                            Watch these video's and pay attention to whats going to happen in the very near future. You can start paying attention with Obama's 1 trllion dollar plan. Before long we'll know who the nut's are.

                                                                            http://video.google.com/videoplay?do...19354420953428

                                                                            http://video.google.com/videoplay?do...74362583451279

                                                                            http://video.google.com/videoplay?do...19560256183936

                                                                            http://video.google.com/videoplay?do...19765816415310
                                                                            Thanks for those...funny, the media did such a good job keeping Ron Paul out of coverage that I had no idea all the things that he stood for - if I had known, I would have backed him and I'm sure I'm not alone on that.
                                                                            Want to crush it in mainstream with Facebook ads? Hit me up.

                                                                            Comment

                                                                            • onwebcam
                                                                              Fake Nick 1.0
                                                                              • Oct 2005
                                                                              • 27689

                                                                              #39
                                                                              Originally posted by PornMD
                                                                              Thanks for those...funny, the media did such a good job keeping Ron Paul out of coverage that I had no idea all the things that he stood for - if I had known, I would have backed him and I'm sure I'm not alone on that.
                                                                              That's what people don't understand. The very people who own the major TV networks and newspapers, the ones who write the reporters/anchors checks also own controlling shares in the Federal Reserve System and well in reality they pretty much own everything in the US right now. They have 80% of the mortgages under their umbrella of companies, consolidating all the banks under them, using the bailout money to buy huge stockpiles of gold, failing businesses, land, buildings at pennies on the dollar during this created collapse. All the while sinking Us further in debt.

                                                                              These people are going to make sure whoever is on board with keeping this big scam/ponzi scheme running is the one who is elected. Both Obama and McCain are and were on board. Ron Paul, Dennis Kucinich and the likes are not which is why they are ridiculed in the media.

                                                                              This trillion dollar budget that Obama is proposing isn't really 1 trillion. It works out to 11 trillion after factoring in fractional reserve banking. 1 trillion is held in reserve and 10x that amount is then loaned out. Then those checks are deposited in another bank and the process continues. Just like the 700 billion isn't really 700 billion. That alone is/was in excess of 8.5 trillion the last time it was reported. Our yearly GDP is only around 12-14 trillion so when all of this money finally does hit the streets hyper-inflation is going to kick in like no other.

                                                                              Soro's (Obama's handler) is already talking about nationalizing all banks. But the reality is they aren't nationalizing anything. They are consolidating everything under the same scheme on a grander scale. When the federal reserve was created it was created with people believing it is and was a government body. When in actuality it's not. It's a private corporation owned by the richest people and companies in the world. The same ones who are getting bailed out. Their little system blew up and now they are trying another bamboozle of the public as we speak. The reason the public was in an uproar is because of those very families and problems we are having now. Our objective this time is to make sure they aren't making the cookies for the cookie jar that they also have their hands in because that's more or less whats happened over the years. All of the other BS you see in the media is just to try to keep everyone's eyes off the cookie jar so they can pull it off. Awww look Obama is closing Guantanamo, he's on our side. It's all one big magic act.

                                                                              This isn't just a US problem. The scheme is run in most of the developed countries in one form or another which is why they are all working together now to try to figure out a way to keep the public from lynch mobbing all their governments like whats going on in Greenland right now and at the same time keep their control over those people. This really is all about control of the people and control of ALL people in the world via money. Take a look around. The countries who aren't a part of the Fed/World Bank/IMF are considered terrorist countries. So how do you get the world to submit to your control? You sink the developed countries into debt they really could never get out of. Once the countries are over extended you jack up the prices on the essentials (food and oil) and extract most of the cash the majority have on hand. Markets crash and you clean out the 401k's investments etc. Once that bubble has nearly popped you lower the price of oil. Then the countries who depend on oil can't survive because during that oil boom time they went and ran up debts they couldn't afford unless they get X amount per barrel (right now they need around $70-80 a barrel to survive.) And what do you know in a matter of years everyone has defaulted.

                                                                              Get it? Everything was designed to bring everyone to their knees. This is what happens when you let individual companies and people control you money. This is what centralization of power and money gets us. Let a few bad apples in with some fucked up ideas in their head and everyone is fucked.
                                                                              Last edited by onwebcam; 01-24-2009, 11:54 AM.
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                                                                              • onwebcam
                                                                                Fake Nick 1.0
                                                                                • Oct 2005
                                                                                • 27689

                                                                                #40
                                                                                I said Greenland what I meant was Iceland. To sum it all up there's a term for whats going on. Problem, reaction, solution. Create the problem, get a reaction, and give a solution. You can apply this to many things that have been and have gone on. Want a war on terror? Create terrorists, get a reaction, and the solution is to go kill them all. Want a world currency? Create a world financial crisis, get a reaction, and give the world currency solution.
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                                                                                • mozadek
                                                                                  Confirmed User
                                                                                  • Feb 2008
                                                                                  • 1325

                                                                                  #41

                                                                                  Comment

                                                                                  • onwebcam
                                                                                    Fake Nick 1.0
                                                                                    • Oct 2005
                                                                                    • 27689

                                                                                    #42
                                                                                    Here's a good video on MSM. It breaks down major news stories over the years that turned out to be complete lies or where the truths weren't allowed to be told

                                                                                    http://video.google.com/videoplay?do...55652046262625
                                                                                    Last edited by onwebcam; 01-24-2009, 02:14 PM.
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                                                                                    • onwebcam
                                                                                      Fake Nick 1.0
                                                                                      • Oct 2005
                                                                                      • 27689

                                                                                      #43
                                                                                      Ok so it's official they really did say it and MSM has been forced to talk about it.

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                                                                                      • DaddyHalbucks
                                                                                        A freakin' legend!
                                                                                        • Feb 2004
                                                                                        • 18975

                                                                                        #44
                                                                                        A few years ago, I was at a party with Bob Reich and his wife. He is so short, it was very funny watching him dance with his wife.
                                                                                        Boner Money

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                                                                                        • Snake Doctor
                                                                                          I'm Lenny2 Bitch
                                                                                          • Mar 2001
                                                                                          • 13449

                                                                                          #45
                                                                                          Originally posted by onwebcam
                                                                                          This trillion dollar budget that Obama is proposing isn't really 1 trillion. It works out to 11 trillion after factoring in fractional reserve banking. 1 trillion is held in reserve and 10x that amount is then loaned out. Then those checks are deposited in another bank and the process continues.
                                                                                          You really are a fucking tool.

                                                                                          If the banks get $700 billion from the government, they don't keep the 700B and loan out 10 times that much....they keey $70B and loan out the remaining $630B.

                                                                                          Most of the other shit you wrote was really stupid also, but this was the easiest to dispute.

                                                                                          And Obama's 1 trillion is a stimulus package (currently in the 800B range) not a bank bailout...so even if your guerrilla fractional reserve math was correct (which it isn't) it wouldn't apply to the stimulus package.

                                                                                          I love how you think the rest of us are idiots because you think we're blinded by the propaganda put out by all the major networks and news organizations....but you don't even bother to fact-check the way fractional reserve banking really works when one of your sources tells you that the gov't just printed 11.5 trillion dollars because of the TARP program.

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                                                                                          • onwebcam
                                                                                            Fake Nick 1.0
                                                                                            • Oct 2005
                                                                                            • 27689

                                                                                            #46
                                                                                            Originally posted by Snake Doctor
                                                                                            You really are a fucking tool.

                                                                                            If the banks get $700 billion from the government, they don't keep the 700B and loan out 10 times that much....they keey $70B and loan out the remaining $630B.

                                                                                            Most of the other shit you wrote was really stupid also, but this was the easiest to dispute.

                                                                                            And Obama's 1 trillion is a stimulus package (currently in the 800B range) not a bank bailout...so even if your guerrilla fractional reserve math was correct (which it isn't) it wouldn't apply to the stimulus package.

                                                                                            I love how you think the rest of us are idiots because you think we're blinded by the propaganda put out by all the major networks and news organizations....but you don't even bother to fact-check the way fractional reserve banking really works when one of your sources tells you that the gov't just printed 11.5 trillion dollars because of the TARP program.

                                                                                            Actually when you deposit money into a bank that's what happens. The federal reserve is a bank that gets their "reserves" via the government. The 700 billion is issued to the Fed allows them to issue their 10x on said reserve. There's a bit more involved inthe process with bonds and all but that's it put simply.
                                                                                            Last edited by onwebcam; 01-24-2009, 06:18 PM.
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                                                                                            • onwebcam
                                                                                              Fake Nick 1.0
                                                                                              • Oct 2005
                                                                                              • 27689

                                                                                              #47
                                                                                              Bailout Pledges Hit $7.7 Trillion (700 reserves 7 trillion paid out.)
                                                                                              http://globaleconomicanalysis.blogsp...-trillion.html

                                                                                              But with additional funds approved last report was 8.5

                                                                                              U.S Bailout Hits 8.5Trillion..
                                                                                              http://au.messages.yahoo.com/news/top-stories/1312891/

                                                                                              Complete breakdown of 8.5

                                                                                              http://www.sfgate.com/cgi-bin/object...14C8QR.DTL&o=0
                                                                                              Last edited by onwebcam; 01-24-2009, 06:27 PM.
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                                                                                              • Snake Doctor
                                                                                                I'm Lenny2 Bitch
                                                                                                • Mar 2001
                                                                                                • 13449

                                                                                                #48
                                                                                                Not one of those is a decent source of info. Australian messages on yahoo and somebodies page on blogspot don't pass the smell test.

                                                                                                You really need to do some research on fractional reserve banking, from reputable sources, you're way way off.

                                                                                                The higher dollar figure guarantees are situations where the govt has agreed to backstop losses for financial institutions, and/or total possible liabilities incurred by nationalizing fannie and freddie.....none of that means that banks are allowed to loan out 10 times their deposits. They loan out 90% of their deposits (assuming the reserve requirements for that particular institution are 10 percent)
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                                                                                                • onwebcam
                                                                                                  Fake Nick 1.0
                                                                                                  • Oct 2005
                                                                                                  • 27689

                                                                                                  #49
                                                                                                  Bloomberg has a lawsuit regarding it. All you have to do is search google for Bloomberg 7.7 trillion and 8.5 trillion. You'll find hundreds if not thousands of articles quoting them. They had an article on their site regarding it and they too it off. Wonder why? I know what the fuck I'm talking about my background is finance.

                                                                                                  I'm use to fools telling me what I don't know. I called the RE collapse on another board years ago and I had people like you calling me crazy then. Nothing new.
                                                                                                  Last edited by onwebcam; 01-24-2009, 08:34 PM.
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                                                                                                  • Drake
                                                                                                    Hello world!
                                                                                                    • Mar 2003
                                                                                                    • 12508

                                                                                                    #50
                                                                                                    Obama should hire Peter Schiff for his economic team. He was laughed at in 2006/2007 but he was spot on.

                                                                                                    http://www.liveleak.com/view?i=b0a_1232747931

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