Tuesday, August 03, 2010

Wall Street's Collapse, 3 Years Later

By Danny Schechter
August 3, 2010

We live in the United States of Amnesia and selective memory. As we debate the breaking news, we easily forget the sequence of events that broke the banks and left us broke.

Read on.
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7 comments:

Anonymous said...

"It was August 2007, and I was blogging about the coming economic collapse"

I can beat you hands down. I KNEW what was going to happen in 1981. I went around telling people, no one would listen.

To start to close down your manufacturing base and export it to far away places told me what was going to happen.

Now don`t get me wrong on the above, I KNEW this was going to happen in 1964, by 1981 it was clear to me it was going to happen sooner then I had thought...

Back in 1964 a lot of people where talking about what would happen when global resources started to run out. I remember it was a big talking point right upto the early 1970s. I remember reading an article about the USA should be importing oil and refilling empty Texas oil wells, ready for the day that oil would run out. Here in the UK there was an article about filling up old mine workings with oil. Never heard anymore about all of that?.

In 1964 I was sitting in school and we were ask to write an essay on what the world would be like in the year 2050. I wrote that by the year 2050 the USA would invade Iraq to take control off their oil. From Iraq they would take control off the middle east, Saudi Arabia being the "jewel in the crown" were the words I wrote. I ended my essay by saying all this could happen as early as 2030.

When I got my essay back (two weeks later) my mark was 3/10. My teacher gave me a funny look as he put my essay face down on my desk.

I got my timeline of events all wrong. I did not foresee that some would take advantage of coming events to further even more pure evil onto the human race. I did not foresee the emergence of Milton Friedman, free-market economist who inspired Reagan and Thatcher.

So what does the above tell you...It tells you that all that is happening today was planned and planned to be the way it is. They saw it coming as did I. I would put it to you so did many others. Their greed overcome their common sense. The worst is yet to come.

Time will tell...

Tue Aug 03, 10:46:00 AM 2010
Ethan Allen said...

The closing comment.....
"I guess many still believe that if we close our eyes, it will all go away.
Dream on. I wonder if that phrase “the silence of the lambs” was prophetic?"
....is prophetic in that it characterizes a dumbed-down public, "the lambs", as the victims. Decades of public indifference and complacency, compounded by the delusions of theocratic fundamentalism and laissez faire capitalism have led to an inevitable result.
The distinction between Wall Street collapsing and Wall Street planning and causing a collapse, seems to continue to be lost on most; even those sincerely trying to understand and communicate on the subject.

Tue Aug 03, 02:51:00 PM 2010
Kevin Ryan said...

WTC security company chairman Wirt Dexter Walker III worked for Glore, Forgan in the early 1970s.

Glore Forgam chairman James Forgan was previously the head of the European division of OSS, and helped create the CIA.

William "Wild Bill" Casey was counsel for Glore, Forgan, just before becoming chairman of the SEC and then CIA director.

When WDW and Casey worked there, the company was at the center of a near collapse of Wall street.

Tue Aug 03, 05:53:00 PM 2010
Anonymous said...

Kevin Ryan

I will put this on again.

"Hank Paulson John Ehrlichman's Assistant"...

http://tinyurl.com/37hx7c4

Times never change and it seems never will.

Click onto any articles/pictures on the site below, they will enlarge so you can read them.

`Swindling the nation, page 1`…

http://tinyurl.com/3b87h4

`Swindling the nation, page 2`…

http://tinyurl.com/2lna4u

Tue Aug 03, 06:31:00 PM 2010
Anonymous said...

"Sign of bad USA economy,Oldest farm to close"...

http://tinyurl.com/3xsmcav

Wed Aug 04, 03:30:00 PM 2010
Anonymous said...

The present economic system is not sustainable, and vulnerable to a variety of natural and manmade things. Unlimited growth is impossible because the natural resources are finite, not infinite. The cycle of economic growth followed by depression is nothing new in any civilization, past or present. It is little known that millions of people starved to death during the great depression in the US, while the rich lived in excess. Other nations in the world today have suffered the consequences of unlimited population growth, such as in Africa, which has led to the deaths of millions due to starvation, disease, war, dissolution of government, a breakdown of society, etc.. No nation is immune to the consequences of this manmade economic cycle. Its been boom followed by bust, then bigger boom followed by bigger bust, and soon the biggest boom will result in the biggest bust!

Sun Aug 08, 09:22:00 AM 2010
Anonymous said...

"Forget the myth of overpopulation -Symposium - Column"....

http://tinyurl.com/39odstw

Sun Aug 08, 09:43:00 AM 2010

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