Congressman: We Came Within Hours of Collapse

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  • Connor
    Confirmed User
    • Feb 2003
    • 1294
    #1

    Congressman: We Came Within Hours of Collapse

    Have you guys seen this shit? Crazy shit... basically says we came within hours of total economic collapse and martial fucking law....

    http://www.dailykos.com/storyonly/20...189/142/695504

    And the source is a PA congressman, watch the video.

    Just insane...


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    • tony299
      lurker
      • Aug 2002
      • 57021
      #2
      I watched it its very scary.

        Comment

        • Sands
          Confirmed User
          • Feb 2007
          • 3134
          #3
          Ugh, that's pretty fucked up.

            Comment

            • Barefootsies
              Choice is an Illusion
              • Feb 2005
              • 42635
              #4
              Originally posted by Sands
              Ugh, that's pretty fucked up.
              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?"

                Comment

                • Kard63
                  Confirmed User
                  • Nov 2003
                  • 8944
                  #5
                  marking this for later

                    Comment

                    • IllTestYourGirls
                      Ah My Balls
                      • Feb 2007
                      • 14311
                      #6
                      So what you are telling me is that both the dems and reps knew that the market was going to crash in Oct but told no one.

                      The government looking out of you!

                        Comment

                        • mona
                          Registered User
                          • Feb 2008
                          • 1940
                          #7
                          Okay, stupid question --> Other than anarchy, what happens after a collapse?

                          The USSR collapsed, "The following day, the Supreme Soviet, the highest governmental body of the Soviet Union, recognized the bankruptcy and collapse of the Soviet Union and dissolved itself." http://en.wikipedia.org/wiki/Soviet_Union

                          So, it's kinda like "ground zero," and then you start to build back up?

                            Comment

                            • gleem
                              Confirmed User
                              • Jun 2001
                              • 5593
                              #8
                              pretty nice timing with the elections and all... *cough* *soros* *cough*
                              Last edited by gleem; 02-16-2009, 09:48 AM.




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                                • Connor
                                  Confirmed User
                                  • Feb 2003
                                  • 1294
                                  #9
                                  Originally posted by mona_klixxx
                                  Okay, stupid question --> Other than anarchy, what happens after a collapse?

                                  The USSR collapsed, "The following day, the Supreme Soviet, the highest governmental body of the Soviet Union, recognized the bankruptcy and collapse of the Soviet Union and dissolved itself." http://en.wikipedia.org/wiki/Soviet_Union

                                  So, it's kinda like "ground zero," and then you start to build back up?
                                  Good question... and in the case of the USA, I don't think the same caliber of people are in charge now as were when the country's government was originally set up. In other words, if our system of government were scrapped and we started over, it's frightening to think what today's "leaders" would come up with it its place. Also, there is such a cultural divide between the "north" and the "south" that one wonders if two countries would emerge? Is it even POSSIBLE that another civil war could happen? I would have said no way last year, but I also would have said no way a congressman would say in 2009 what this one just said. Funny how a year can change your outlook.


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                                    • 2012
                                      So Fucking What
                                      • Jul 2006
                                      • 17189
                                      #10
                                      Originally posted by IllTestYourGirls
                                      So what you are telling me is that both the dems and reps knew that the market was going to crash in Oct but told no one.

                                      The government looking out of you!
                                      Yeah, just imagine everything they aren't telling you right now.
                                      File this one in "News you'll never hear on CNN" .
                                      best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck Yourself

                                        Comment

                                        • Connor
                                          Confirmed User
                                          • Feb 2003
                                          • 1294
                                          #11
                                          Originally posted by fartfly
                                          Yeah, just imagine everything they aren't telling you right now.
                                          File this one in "News you'll never hear on CNN" .
                                          Exactly...


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                                            • 2012
                                              So Fucking What
                                              • Jul 2006
                                              • 17189
                                              #12
                                              Originally posted by Connor
                                              Have you guys seen this shit? Crazy shit... basically says we came within hours of total economic collapse and martial fucking law....

                                              http://www.dailykos.com/storyonly/20...189/142/695504

                                              And the source is a PA congressman, watch the video.

                                              Just insane...
                                              Originally posted by our saviors
                                              we're not any economic geniuses on the hill
                                              we are fucked. if we don't start producing things fast ... yesterday
                                              best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck Yourself

                                                Comment

                                                • tranza
                                                  ICQ: 197-556-237
                                                  • Jun 2003
                                                  • 57559
                                                  #13
                                                  Sounds scary after the comments... hehe
                                                  I'm just a newbie.

                                                    Comment

                                                    • LAJ
                                                      Gingerific
                                                      • Jun 2001
                                                      • 5567
                                                      #14
                                                      If there was a civil war and the south seceeded... the south would be beyond fucked.
                                                      YNOT.com - The original industry resource
                                                      email jay at ynot dot com or skype LAJConsulting

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                                                        • ADL Colin
                                                          Too lazy to set a custom title
                                                          • Feb 2001
                                                          • 11929
                                                          #15
                                                          I posted this about a week ago. There is something more than a little off about this story.

                                                          Here's the Money Market data:
                                                          http://www.ici.org/stats/mf/mm_data_2009.pdf

                                                          The congressman claimed that $5.5 trillion would be pulled out of the "money market (MM) system" if they didn't immediately act . However the entire total amount of money in the money market system is less than $4 trillion. Also the most amount of money ever withdrawn in a single day from the MM is $140 billion. Certainly $5.5 trillion could not be pulled out of a pool that is smaller than $4 trillion.

                                                          Here's an article in rebuttal to the Congressman's statements.
                                                          http://www.portfolio.com/views/blogs...unds-the-facts

                                                          There is probably some truth behind the story but there also seems to be some things that are mixed up about it.


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                                                            • billyb
                                                              Confirmed User
                                                              • Jul 2008
                                                              • 184
                                                              #16
                                                              Well I guess the experiment of NAFTA, GATT and the WTO did not work?. We use to be able to get out of these situations with our manufacturing companies, but we don't manufacture anything anymore.

                                                              We have outsourced that to other countries to do, so now what do we the US, have to sale to the world to get out of this?. My answer is nothing, we have become a debtor nation that owes more than what we are worth. That is never a good situation to be in, even if we had a major war, I don't see us being able to turn this around in time.

                                                              Wars used to turn countries economies around and put people back to work. That was in the industrial period. We are in the tech and outsourcing period. I wonder what we can do to solve this?, I don't see an answer. I would say that maybe it's time that everybody learns how to hunt and fish again.

                                                                Comment

                                                                • mona
                                                                  Registered User
                                                                  • Feb 2008
                                                                  • 1940
                                                                  #17
                                                                  Originally posted by Connor
                                                                  Good question... and in the case of the USA, I don't think the same caliber of people are in charge now as were when the country's government was originally set up. In other words, if our system of government were scrapped and we started over, it's frightening to think what today's "leaders" would come up with it its place. Also, there is such a cultural divide between the "north" and the "south" that one wonders if two countries would emerge? Is it even POSSIBLE that another civil war could happen? I would have said no way last year, but I also would have said no way a congressman would say in 2009 what this one just said. Funny how a year can change your outlook.
                                                                  I agree -- Sadly, America has come a long way since 1776 (or 1783 or 1788, whichever year one wants to reference) and NOT in a good way

                                                                  I haven't really thought about a civil war and what it would look like today, but I have a funny feeling God would be involved

                                                                  Texas has always wanted to be its own country anyway...

                                                                    Comment

                                                                    • vinnie mcgee
                                                                      Too lazy to set a custom title
                                                                      • Mar 2007
                                                                      • 17356
                                                                      #18
                                                                      Originally posted by IllTestYourGirls
                                                                      So what you are telling me is that both the dems and reps knew that the market was going to crash in Oct but told no one.

                                                                      The government looking out of you!
                                                                      that the tax payers dollar at work for ya
                                                                      Vinnies' in da house

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                                                                        • _Richard_
                                                                          Too lazy to set a custom title
                                                                          • Oct 2006
                                                                          • 30991
                                                                          #19
                                                                          Originally posted by Connor
                                                                          Good question... and in the case of the USA, I don't think the same caliber of people are in charge now as were when the country's government was originally set up. In other words, if our system of government were scrapped and we started over, it's frightening to think what today's "leaders" would come up with it its place. Also, there is such a cultural divide between the "north" and the "south" that one wonders if two countries would emerge? Is it even POSSIBLE that another civil war could happen? I would have said no way last year, but I also would have said no way a congressman would say in 2009 what this one just said. Funny how a year can change your outlook.
                                                                          would definitely make things uncomfortable!

                                                                            Comment

                                                                            • Connor
                                                                              Confirmed User
                                                                              • Feb 2003
                                                                              • 1294
                                                                              #20
                                                                              Originally posted by SBR Richard
                                                                              would definitely make things uncomfortable!
                                                                              So who else is a registered owner of firearms? lol


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                                                                                • crockett
                                                                                  in a van by the river
                                                                                  • May 2003
                                                                                  • 76818
                                                                                  #21
                                                                                  Originally posted by LAJ
                                                                                  If there was a civil war and the south seceeded... the south would be beyond fucked.
                                                                                  umm I think there would be more of a chance of those loopy right wing Christian nuts out west succeeding than the south. I live in the south and I don't see and real divide from the north. It's not like we are running cotton fields or anything down here.. lol

                                                                                  Now the extreme Relgious Right Wingers in the mid west, now that's a damn different story. They are clearly on a war path to divide this nation.
                                                                                  In November, you can vote for America's next president or its first dictator.

                                                                                    Comment

                                                                                    • AlienQ - BANNED FOR LIFE
                                                                                      best designer on GFY
                                                                                      • Mar 2003
                                                                                      • 30307
                                                                                      #22
                                                                                      Uhh... The Economy has already collapsed.

                                                                                      THe hard part is admitting it.

                                                                                        Comment

                                                                                        • Martin
                                                                                          "Assassins"
                                                                                          • Dec 2001
                                                                                          • 17278
                                                                                          #23
                                                                                          No no, everything is okay..

                                                                                            Comment

                                                                                            • Connor
                                                                                              Confirmed User
                                                                                              • Feb 2003
                                                                                              • 1294
                                                                                              #24
                                                                                              Originally posted by Martin
                                                                                              No no, everything is okay..
                                                                                              lol...


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                                                                                                • ADL Colin
                                                                                                  Too lazy to set a custom title
                                                                                                  • Feb 2001
                                                                                                  • 11929
                                                                                                  #25
                                                                                                  Originally posted by billyb
                                                                                                  Well I guess the experiment of NAFTA, GATT and the WTO did not work?. We use to be able to get out of these situations with our manufacturing companies, but we don't manufacture anything anymore.

                                                                                                  We have outsourced that to other countries to do, so now what do we the US, have to sale to the world to get out of this?. My answer is nothing, we have become a debtor nation that owes more than what we are worth. That is never a good situation to be in, even if we had a major war, I don't see us being able to turn this around in time..
                                                                                                  The US manufactures a wide range of products. The US, China and Germany are the big 3 exporters and after that no one else is close.

                                                                                                  (2007)
                                                                                                  1. Germany $1.3 trillion
                                                                                                  2. China $1.2 trillion
                                                                                                  3. US $1.1 trillion

                                                                                                  And the US manufactures more almost every single year. Not less.

                                                                                                  Manufacturing (5 year increments)

                                                                                                  1987 $2.4 trillion
                                                                                                  1992 $2.9 trillion
                                                                                                  1997 $3.8 trillion
                                                                                                  2002 $3.8 trillion
                                                                                                  2007 $5.0 trillion

                                                                                                  Just think of large US companies and the manufactured products will come to mind. Intel, Cisco, Dell, Hewlett Packard, GE, Boeing, Pfizer, Bristol Myers, Deere, Caterpillar, Terex, IBM, etc etc etc.

                                                                                                  So what does the US manufacture? machinery, computers, computer parts, transportation equipment, mining equipment, chemical products, plastics.

                                                                                                  Most of the world is in or entering a recession. It's not that the "US has to get out of this". Many dozens of countries have to.
                                                                                                  Last edited by ADL Colin; 02-16-2009, 12:13 PM.


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                                                                                                    • notime
                                                                                                      Confirmed User
                                                                                                      • Jun 2003
                                                                                                      • 8027
                                                                                                      #26
                                                                                                      what was the link to the other gfy thread about the money drawn out in less then 2 hours ? This is about that exactly.
                                                                                                      Who and why took 550 Billion from the money market on sept. 15th 2008?
                                                                                                      Somebody had inside intel and tried to cover their assets/asses somehow.

                                                                                                        Comment

                                                                                                        • 2012
                                                                                                          So Fucking What
                                                                                                          • Jul 2006
                                                                                                          • 17189
                                                                                                          #27
                                                                                                          best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck Yourself

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                                                                                                            • fusionx
                                                                                                              Confirmed User
                                                                                                              • Nov 2003
                                                                                                              • 4618
                                                                                                              #28
                                                                                                              I can't believe there is any controversy over this.

                                                                                                              The guy bought traffic. That's admitted.

                                                                                                              The guy didn't pay for the traffic. That's admitted.

                                                                                                              The guy should pay for the traffic. period.

                                                                                                              This crap about "he treated me fairly - he's a good guy" means absolutely NOTHING.

                                                                                                              This crap about "maybe you should have handled it differently" (paraphrasing) means NOTHING.

                                                                                                              You take on a debt, you pay a debt. PERIOD.

                                                                                                              Looser.

                                                                                                                Comment

                                                                                                                • boudoir
                                                                                                                  Confirmed User
                                                                                                                  • Nov 2008
                                                                                                                  • 211
                                                                                                                  #29
                                                                                                                  He's full of crap. So far this is no worse than 81-82 and NOWHERE near the Great Depression. These guys are fearmongering in order to justify their political moves. The stimulus bill has almost NO stimulus in it.

                                                                                                                  Heck, consumer spending was up last month.
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                                                                                                                    • Pleasurepays
                                                                                                                      BANNED - SUPPORTING TUBES
                                                                                                                      • Aug 2002
                                                                                                                      • 11913
                                                                                                                      #30
                                                                                                                      Originally posted by mona_klixxx
                                                                                                                      Okay, stupid question --> Other than anarchy, what happens after a collapse?

                                                                                                                      The USSR collapsed, "The following day, the Supreme Soviet, the highest governmental body of the Soviet Union, recognized the bankruptcy and collapse of the Soviet Union and dissolved itself." http://en.wikipedia.org/wiki/Soviet_Union

                                                                                                                      So, it's kinda like "ground zero," and then you start to build back up?
                                                                                                                      "coup" and "collapse" are not the same.

                                                                                                                      being dissolved and willfully dissolving are not the same thing.

                                                                                                                      .. and what happens?
                                                                                                                      nothing much.
                                                                                                                      people still buy goods and services
                                                                                                                      people still sell goods and services
                                                                                                                      the economy adjusts
                                                                                                                      the financial markets adjust
                                                                                                                      everyone fully recognizes the need for rule of law
                                                                                                                      the currency adjusts
                                                                                                                      people keep living
                                                                                                                      the world keeps turning

                                                                                                                      etc


                                                                                                                      i stayed in russia and watched pretty much the whole thing for almost a decade. i wouldn't trade that time for anything.

                                                                                                                      idiots in this place act like we are living in the 1400's or something with no real concept of how a contemporary economy in a developed nation actually works on a macro level.

                                                                                                                        Comment

                                                                                                                        • IllTestYourGirls
                                                                                                                          Ah My Balls
                                                                                                                          • Feb 2007
                                                                                                                          • 14311
                                                                                                                          #31
                                                                                                                          Originally posted by fusionx
                                                                                                                          I can't believe there is any controversy over this.

                                                                                                                          The guy bought traffic. That's admitted.

                                                                                                                          The guy didn't pay for the traffic. That's admitted.

                                                                                                                          The guy should pay for the traffic. period.

                                                                                                                          This crap about "he treated me fairly - he's a good guy" means absolutely NOTHING.

                                                                                                                          This crap about "maybe you should have handled it differently" (paraphrasing) means NOTHING.

                                                                                                                          You take on a debt, you pay a debt. PERIOD.

                                                                                                                          Looser.
                                                                                                                          When bots go bad?

                                                                                                                            Comment

                                                                                                                            • TyroneGoldberg
                                                                                                                              Confirmed User
                                                                                                                              • Sep 2007
                                                                                                                              • 1081
                                                                                                                              #32
                                                                                                                              hmmm

                                                                                                                              i wonder who would do something like that
                                                                                                                              if it were an arab nation, the public would have known.
                                                                                                                              now what nation can do whatever, whenever.....(it's a trick question)

                                                                                                                                Comment

                                                                                                                                • DaddyHalbucks
                                                                                                                                  A freakin' legend!
                                                                                                                                  • Feb 2004
                                                                                                                                  • 18975
                                                                                                                                  #33
                                                                                                                                  The US Congress is looking out for you.

                                                                                                                                  It's all George Bush's fault.

                                                                                                                                  Boner Money

                                                                                                                                    Comment

                                                                                                                                    • DaddyHalbucks
                                                                                                                                      A freakin' legend!
                                                                                                                                      • Feb 2004
                                                                                                                                      • 18975
                                                                                                                                      #34
                                                                                                                                      The Shock Doctrine at work.

                                                                                                                                      You can't steal close to $1 Trillion unless there is an imminent major threat.
                                                                                                                                      Boner Money

                                                                                                                                        Comment

                                                                                                                                        • Iron Fist
                                                                                                                                          Too lazy to set a custom title
                                                                                                                                          • Dec 2006
                                                                                                                                          • 23400
                                                                                                                                          #35
                                                                                                                                          Is this like the government being an attention whore?

                                                                                                                                          I don't ever remember seeing so much of an hour of news being dedicated to politicians.

                                                                                                                                          It's getting kind of repulsive.
                                                                                                                                          i like waffles

                                                                                                                                            Comment

                                                                                                                                            • KillerK
                                                                                                                                              Confirmed User
                                                                                                                                              • May 2008
                                                                                                                                              • 3406
                                                                                                                                              #36
                                                                                                                                              Originally posted by fusionx
                                                                                                                                              I can't believe there is any controversy over this.

                                                                                                                                              The guy bought traffic. That's admitted.

                                                                                                                                              The guy didn't pay for the traffic. That's admitted.

                                                                                                                                              The guy should pay for the traffic. period.

                                                                                                                                              This crap about "he treated me fairly - he's a good guy" means absolutely NOTHING.

                                                                                                                                              This crap about "maybe you should have handled it differently" (paraphrasing) means NOTHING.

                                                                                                                                              You take on a debt, you pay a debt. PERIOD.

                                                                                                                                              Looser.

                                                                                                                                              This sums everything up in this thread.

                                                                                                                                                Comment

                                                                                                                                                • Darkland
                                                                                                                                                  Confirmed User
                                                                                                                                                  • May 2002
                                                                                                                                                  • 1488
                                                                                                                                                  #37
                                                                                                                                                  One must wonder if someone was trying another repeat performance of:
                                                                                                                                                  http://en.wikipedia.org/wiki/Panic_of_1907
                                                                                                                                                  That led to the birth of:
                                                                                                                                                  http://en.wikipedia.org/wiki/Federal_Reserve_Act

                                                                                                                                                  If they succeed, and only time will tell, what new changes are in store for our current central banking system. It wouldn't be the first or even the second time it has been revised and restructered or simply replaced.


                                                                                                                                                  "The towers are gone now, reduced to bloody rubble, along with all hopes for Peace in Our Time, in the United States or any other country. Make no mistake about it: We are At War now -- with somebody -- and we will stay At War with that mysterious Enemy for the rest of our lives." H.S.T. 09/12/01

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                                                                                                                                                    • INever
                                                                                                                                                      Confirmed User
                                                                                                                                                      • Jan 2005
                                                                                                                                                      • 4031
                                                                                                                                                      #38
                                                                                                                                                      IF there was a run on the banks, does anyone care whodunnit?
                                                                                                                                                      I love Camdough

                                                                                                                                                      airvpn

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                                                                                                                                                        • SuckOnThis
                                                                                                                                                          So Fucking Banned
                                                                                                                                                          • Oct 2003
                                                                                                                                                          • 6844
                                                                                                                                                          #39
                                                                                                                                                          Originally posted by boudoir
                                                                                                                                                          He's full of crap. So far this is no worse than 81-82 and NOWHERE near the Great Depression. These guys are fearmongering in order to justify their political moves. The stimulus bill has almost NO stimulus in it.

                                                                                                                                                          Heck, consumer spending was up last month.
                                                                                                                                                          I disagree, this is a lot worse. But what brought us out of that recession? Reagans deficit spending

                                                                                                                                                            Comment

                                                                                                                                                            • Connor
                                                                                                                                                              Confirmed User
                                                                                                                                                              • Feb 2003
                                                                                                                                                              • 1294
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by Jesus H Christ
                                                                                                                                                              Fact: Most of those gun owners are Christian right (or will follow them) as liberals preach the evils of gun ownership. Who do you think is going to go first? At one time in my life I thought it was stupid and dangerous to own a gun. Then after the LA riots it was obvious to see the victims without guns suffered the worst and the people with guns were left alone.
                                                                                                                                                              We're definitely on the same page here. Not all "liberals" fit the definition you mentioned though, as I consider myself to be "liberal" but people always get me wrong when they try to define me based on that label. I am a proud gun owner, and think anything else in today's world would be irresponsible on my part. You mentioned the riots... then there was Katrina, etc. We're one REALLY major disaster away from some serious fucked up times in crowded metro areas, and I live in one of the most populated area of the country.


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