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Why Doesn’t Obama Ban Iranian Press TV? by Kenneth R. Timmerman
The Case of CH2M HILL: $2 Billion in Crony Stimulation by Rusty Weiss
The Truth about George Soros by AIM Staff
Lifting the Veil on WikiLeaks by AIM Staff
The Truth about Al-Jazeera English by Cliff Kincaid
Reaganomics and Obamanomics in the Media and in Reality by Malcolm A. Kline, Don Irvine and Spencer Irvine
How State Budget Battles Could Mean More Criminals Back on the Streets by Michael Tremoglie
Radical Muslims, Environmentalists and the Green Jihad by Mark Musser
Russian-Backed Propaganda Networks Claim Obama is a CIA Agent by Cliff Kincaid
Media Conceal True Nature of Flash Mob Racial Violence by John T. Bennett
NBC’s Mitchell Should Resign Over Telling Gaddafi’s Lies (Part 1, Part 2, Part 3) by Cliff Kincaid
CASA de Maryland: The Illegals’ ACORN by James Simpson
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There have been many paranoid, nonsensical comments posted on AIM. But this one probably deserves a special prize for inane mindlessness.
1) George Soros is a special AIM villain. He’s a very rich man and a highly successful capitalist who is also – gasp! – a LIBERAL!!! But to argue that he could organize an two-hour $550 billion run on US banks goes beyond comic book fantasy into the realm of twisted insane nightmares. If he could have done that, Soros could have long before controlled the world and become dictator of the planet. He certainly would not have any need for Obama, his supposed puppet.
2) It is true that the Chinese government owns billions in US Treasury bonds. But that puts Beijing at our mercy, not the reverse. Remember the old adage: “If you owe the bank $1000, that’s your problem. If you owe the bank $1 million, that’s their problem.” An attempt by the Chinese to damage our economy would put at jeopardy the huge sums of money that Chinese government has invested in America.
Why would Beijing want to risk losing the wealth it has accumulated over the past 30 years? In what possible way would that benefit Chinese foreign policy? Already, the loss of the export market to the US, due to our financial problems, is putting the Chinese economy in deep trouble and stirring widespread unrest among the Chinese working class. The same things are happening in Venezuela and Russia. Chavez can no longer afford the subsidies that support low cost food and fuel for his population. His popularity is plunging and his reliance on naked force is growing. After all, as goes the US economy, so goes that of the world, especially now that China and Russia have become capitalist societies. So the argument is that they have created such catastrophes for themselves?
3) Sure, Bush II did issue vague warnings about the state of the US economy in September. (Had he been asleep before then?). But if you read the full texts of his comments and have stayed current with economic news since then, he obviously wasn’t referring in a cryptic manner to supposed dealings by Soros, Putin, Chavez and the Chinese. Bush was trying, in the midst of a presidential election, to shift focus from the subprime mortgage crisis – largely of his administration’s doing through regulatory negligence – to shadowy violators of SEC rules. But how absurd. The present crisis didn’t arise from the stock market (the SEC responsibility) but from financial institutions.
4) What Limbaugh, Kincaid and Bush II know about geo-economics could be put on a pinhead – with plenty of room to spare.
5) “Here’s the facts, we don’t even talk about these things.” So said Kanjorski as he proceeded to talk and contradict himself.
6) The question: “why weren’t we the people told about this $550 billion electronic run on the banks?” The answer: If you listen to or read Kanjorski’s comments carefully, you will realize he was talking about what Paulson and Bernanke warned WOULD happen without remedial action. (“They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so THERE WOULDN’T BE FURTHER PANIC out there, and that’s what actually happened.” My emphasis added.)But such steps were taken and the run never happened as the above comment alleges. Were Paulson and Bernanke telling lies to get quick action? (An AIM-like insinuation, I admit.) I don’t know. But neither does Kincaid.
7) Ms. West needs help in concocting stories to frighten little children. Would someone send her a copy of Grimm’s “Fairy Tales”?