Thread: Reshaping of world financial system outlined

roundabout wrote:
Quote,

Quote:
"I'm a free market person," President Bush told reporters after the summit ended, "until you're told that if you don't take decisive measures then it's conceivable that our country could go into a depression greater than the Great Depression."




Who is he directing the comment to? Nobama?

April wrote,

What the idiot should have said is because of my actions as president we are going into a depression greater than the great depression because that is what is happening.

I think there is more here. I subscribe to a thought process that when a President speaks there are words or phrases that are directed to a small audience. A direct audience, looking for a pre-approved message. Words that signal actions to a certain lot.

When Bush said, "I'm a free market person," he was sending a message to business leaders, Wall Street, that all is going well. The market responded, as the DOW went up 3 or 4 hundred points right after he said that. That comment could also be construed as a jab at Nobama and the Congress not to fiddle with regulations too much.

"until your told", who is told? Himself? Or the incoming administration? "that if you don't take decisive measures" Is he refering to himself? Or is he directing this to Nobama and the Congress? "then it is conceivable that OUR country could go into a depression greater than the Great Depression." Is that a thinly veiled threat directed to the incoming administration and the new Congress?

Global Socialists Toast Victory Over America: www.gopusa.com/commentary/ckincaid/2008/ck_11171.shtml

The point I was making roundabout is it does not matter what Bush says, he tells one lie after another and trys to create one illusion after another. The idiot set us up for this and now we have to find a way through this mess. Obama does not have a chance in hell of making positive change no matter how much BS he is feeding us about this crisis.

Is that a thinly veiled threat directed to the incoming administration and the new Congress?

I am sure you are correct, but it does not really matter we are already doomed to ride out this great storm that is brewing. BY the way I am sure most of the time Bush does not know what he is talking about even as he speaks it. The man is definitely delusional.

April, Sortof an aside here for a minute. There are 3 billboards on I-40 in AZ that say, Baldwin for President 08. Thats it, nothing else. What idiot would design such a billboard ad? Perhaps not an idiot at all? Perhaps someone clever, very clever?

Baldwin
for President 08...............it takes up the whole billboard. Whats missing?

How many Americans have heard of Baldwin? More importantly, how many Americans have heard about the Constitution Party? Why did this billboard not have at the bottom of the presentation theme the party name? Is Baldwin more important than the party? I think the party missed out on, or was left out of the message. Where was the legacy for the party name?

Is it possible to manipulate 3rd parties to the sidelines to where they cannot gain any traction? Perhaps manipulated from the very outset? Perhaps from within the party itself? Americans have been increasingly asking for a third party over the past 2 decades or so, yet they gain no traction at the polls, and no more than the past elections despite this President, his party and the Congress having the lowest approval ratings since these statistics have been recorded. And yes I understand that the MSM and money can make a large difference.

OK, enough with the rant and the suspicious tone. My point is, it is important to communicate well and understand communications well. That sounds simple enough, yet I believe it requires much work trying to communicate well and understanding communications. Understanding communications for myself means being able to read between the lines, understanding the source, the agenda, the spin, the buzz words, and perhaps most importantly the timing of the report. If time is of the essence, then the words of the communication can be rendered meaningless unless timed appropriately. Timing is the element that is the easiest to overlook. JMHO One can pay attention to the fluff, the spin, the buzz words, etc. and yet leave out the element of the timing. Understanding the element of timing then leads one to try and predict the next story and it's source.

Asfore the Bush comment,

"I'm a free market person," President Bush told reporters after the summit ended, "until you're told that if you don't take decisive measures then it's conceivable that our country could go into a depression greater than the Great Depression."

This looks to me to be a well thought out and crafted statement intended for a specific audience.

I do not look at Bush as some sort of dummy. If and when he is percieved as dumb, he is dumb like a fox. Not concerned with criticism, more concerned with outcome. Crafty and cunning like a good poker player. Wether one likes his policies or outcomes is another matter.

In contrast Nobama is portrayed as very intelligent. He comes across as one who is calm and cool, very sure of himself, an articulate speaker, or so goes the story. Perhaps egotistical? He will have to live up to this supposed superior intelligence, the pressure will not leave him. Dumb like a fox is a technique that will not be available to him, or atleast it would seem more difficult for him to implement. The more he trys to prove his intelligence the more he could inadvertently tip his hand.

With all of that having been said, it seems that perhaps Bush was telling Nobama to cool his jets, prepare to walk the line, more bailout money will be needed and your campaign promises are history?

Perhaps just far reaching

In my opinion Bush is a puppet nothing more.....intelligent no...delusional yes.... greedy and in the back pocket of the corporate elite...yes. Obama may appear to be more intelligent...but he has also sold out and is bought by corporate elites.....ready to do the puppet dance.....where does that leave us...............out of luck and almost out of time!

"I'm a free market person," President Bush told reporters after the summit ended, "until you're told that if you don't take decisive measures then it's conceivable that our country could go into a depression greater than the Great Depression."

Bush sounds whacked out but when you examine Bush-speak after the fact, you realize that there was a Bushism underlying truth to what he says. Like his comments when he asked the TV cameras to be turned off and then started talking about the Wall Street people being "drunk" - the ramble sounded inarticulate but he was pointing to major BOYZ GONE BAD risky behavior. The above statement from the G20 is easy enough to parse. Real simple 4-points translation since China and sovereign wealth funds (middle east oil exporting nations) basically "owned" the investments that were plunged into chaos by the crash just as they now hold about 20% or 25% of our Treasury debt:

1. The heavyweight players stood to lose too much if the U.S. didn't rob Peter (the taxpayers) to pay Paul (AIG and Fannie/Freddie and banking) and prop everybody up.

2. Normally, I (Bush) would never spend nearly a Trillion to rescue failing companies whose execs were risky to the point of drunkenly reckless since a free market by definition lets failures happen.

3. However, I was told (by China and the SWFs) that if the U.S. taxpayers' future wasn't mortgaged to rescue their chestnuts (investments) from the fire, they would stage the biggest pullout of their dollar investments that the world had ever seen and send our currency crashing into an abyss so deep that we'd be seen as a 2nd class currency and 3rd class nation.

4. Therefore I pushed for a huge bailout and now have been forced to hold a blank check at the ready for further bailouts and the next President will probably be ready to have blank checks for all kinds of further spending and call it Keynesian "stimulus" packages.

The G20 probably let Bush know how unhappy they've been at American financial markets where they've been invested and just lost some significant wealth. USDollar has been a world currency which, when it delinked from gold in 1971, was designated the standard currency for buying and selling oil. It's been backed by oil, after a fashion. But the oil isn't even oil that we produce. We just buy most of it to run our economy, and fuel our gas-guzzling cars produced by the BigThree whose wage structure, thanks to unions wages pegged 54% higher than competitors, has made them uncompetitive.

I hope people are following Peter Schiff for investment advice and getting some of their savings OUT of the dollar. The US Dollar is inevitably going to crash, with printing presses running overtime and debt monetization due to this multi-trillion bailout and nationalization program. When the dollar crashes, imports will then be sky-high, and we'll be back to Stagflation conditions, and Wage and Price Controls that make the 1970's under Nixon and Carter look positively like child's play.

Thanks FreedomFirst, and welcome to ALIPAC, great take on the passage from Bush. I was stuck in post election mode and thinking it was directed domestically, your international take on the matter makes sense.

If you like Peter Schiff, you might like Jim Paplava, Financial Sense.