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Member Since: 9/2008Last Seen: 2/01/2010

Obama's team ... What that means ...

News Type: Event — Seeded on Wed Oct 22, 2008 6:13 AM EDT
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WSJ U.S. ELECTIONS 13 DAYS TO GO - Volcker makes a comeback as part of Obama brain trust:

"Relying on Mr. Volcker Sen. Obama's team of economic advisers includes two former Treasury secretaries, Robert Rubin and Lawrence Summers, and in some decisions, Mr. Volcker doesn't reign supreme. The candidate's latest proposal, for example, a $60 billion stimulus package, was initially fought by the former Fed chief on the grounds that Americans were already overspending. Moreover, he is unlikely to take a long-term role in any Obama administration. ...

Sen.Obama said, "Let me tell you who I associate with. On economic policy, I associate with Warren Buffett and former Fed Chairman Paul Volcker...who have shaped my ideas and who will be surrounding me in the White House."
In early January 2008, when Sen. Clinton was pounding her rival over his lack of experience and stature, Sen. Obama phoned Mr. Volcker to ask for his endorsement. (At that time, billionaire investor Warren Buffett had refused to take sides between the Democratic contenders, saying he would support whoever got the nomination.) Mr. Volcker, a longtime Democrat who had mostly stayed out of partisan politics, agreed, and wrote out his statement in longhand."

Let us see .. what this means ...
Lawrence Summers (correctly) described the current global financial system as a "balance of financial terror". Lawrence Summers could not have been more clear than this. In a speech on March 23, 2004, at the Institute for International Economics, Lawrence Summers described the US strategy. Again on March 24, 2006, at the Reserve Bank of India lecture, he repeated his message.

Paul Volcker presided over the transition from Bretton Woods-I to Bretton Woods-II - where the anchor for the US dollar changed from gold to oil.

Warren Buffett has been long on silver and short on the dollar or the last 4-5 years at least.

Bernanke threatened the world with 'helicopter dropping of dollars.' He informed the whole world that the 'printing press technology' would be used for increasing dollar supply. Lastly, he was also very clear, that he is NOT going to share M3 money information - about how much money he was going to print.

You cant blame these guys. They were clear and upfront about the fraud they were perpetrating.

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{"commentId":3623448,"authorDomain":"2ndlook"}
2ndlook

For a more detailed shape of things to come read this ...

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  • 1 vote
Reply#1 - Wed Oct 22, 2008 6:15 AM EDT
{"commentId":3623742,"authorDomain":"tylerme721"}
metonitoo

[Sidebar- do you think we should get back to the gold standard?]

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  • 1 vote
Reply#2 - Wed Oct 22, 2008 7:26 AM EDT
{"commentId":3624190,"authorDomain":"2ndlook"}
2ndlook

Metonitoo ... The 'gold standard' is huge fraud. Roosevelt nationalized gold - and walked into WW2 with 25,000 tons of gold.

Looking at the amount of talk on the gold standard, this post if read along with the The Shape Of Things To Come Part - II,(a sneak peek) The Nixon Chop & Bush Whack (the two 'suspects') and finally good ole Ben! What Now, Ben?

My feeling, they are going to pull the wool over our eyes again! I have embedded 4 links - which expand on your query.

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  • 1 vote
Reply#3 - Wed Oct 22, 2008 8:26 AM EDT
{"commentId":3627732,"authorDomain":"7skuareoff"}
Jerry-450822

Hearing Colin Powell wax poetic over the imagined
success of an Obama presidency, reminds me of the
German people who went catatonic over the puppy dog
eyes of Adolf Hitler. Like Hitler, Obama's fanatics 
can come away from an Obama speech mesmerized into 
believing he can conquer the world, without being 
able to repeat a single word, or even articulate a 
single idea from any of Obama's speeches. Obamacrats,
like Hitler youth, are truly blind with adoration. 
Like Barack Obama, Hitler was an untrained, unfocused 
leader whose ambition for power was matched only by 
his meteoric, ruthless rise through German politics. 
Like Barack Obama, Hitler's following grew so fevered 
and wholly unchecked that they resorted to crime to 
secure their leader the power he craved. Like Adolf 
Hitler, Barack Obama wants to control without any idea 
of what he wants to do, once he is in control. Like 
Adolf Hitler, Barack Obama caters to the fears, wild 
hopes and prejudices of the gullible, the naive, the 
young. Like Adolf Hitler, underlying all of Barack 
Obama's designs, is an almost paranoid obsession with 
race that teeters on the delusional. 

The problem with Messiahanic leaders like Barack Obama,
David Koresh, Reverend Jim Jones and Adolf Hitler is 
that, once they have gotten to where they want to get,
without any idea of what to do when they get there, totally
bereft of any constructive abilities, is that the fervor 
of their following to do something, anything, often 
pressures them into destruction, very often, self 
destruction. Untrained, unsure and ufocused, Barack Obama 
could be exactly the man to march his wild throng off to 
attack whatever demons they feel may threaten them at any 
given moment, straight into World War III. Let us not be 
lulled into believing that, like Adolf Hitler, simply 
because Barack Obama is unaccomplished, he is not dangerous.

{"commentId":3627732,"threadId":"395496","contentId":"2026390","authorDomain":"7skuareoff"}
  • 1 vote
Reply#4 - Wed Oct 22, 2008 11:36 AM EDT
{"commentId":3667236,"authorDomain":"2ndlook"}
2ndlook

Connecting the dots is more important ... with understanding comes rejection of exploitation ....

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    Reply#5 - Fri Oct 24, 2008 3:54 AM EDT
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