On NBC, CNBC's Liesman Raises 'Banana Republic' Spectre

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Comparisons to the current Wall Street financial situation to the Great Depression have not been unusual in the media, but Thursday's NBC Nightly News went a step further into inducing panic. Delivering a healthy dose of hyperbole, Steve Liesman of CNBC prompted a “wow” from anchor Brian Williams when he raised the spectre that the credit troubles could lead, “some” would say, to the “U.S. becoming a banana republic” while those in favor of federal action to take over bad debt “would say by losing our banking system, and maybe even Wall Street the way we're going, we would be that much closer to being a banana republic.” Leisman's warning:

I think there are some people who would say that this is, creates a danger, taking on all this bad debt of the U.S. becoming a banana republic. I think those, the proponents of this plan would say by losing our banking system, and maybe even Wall Street the way we're going, we would be that much closer to being a banana republic.

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The full exchange on the Thursday, September 18 NBC Nightly News:

BRIAN WILLIAMS: This is a genuinely scary time and we don't know how or when it's going to end. Carl Quintanilla, thanks again tonight. And for more on this we're joined by CNBC's senior economics reporter, Steve Liesman. He joins us from their headquarters tonight. Steve, they're meeting tonight, yes this thing we think developed today, what does this amount to?

STEVE LIESMAN: Brian, I think what it will amount to is some sort of vehicle where they will carve off the bad assets of the banks, put them into something that is ultimately going to be taxpayer financed and the idea is just to give these things some time so they don't have to be fire-saled out into the economy right now. And the idea being over a period of time, maybe the losses won't equal those which are being taken right now by Wall Street. Brian, I think there are some people who would say that this is, creates a danger, taking on all this bad debt of the U.S. becoming a banana republic. I think those, the proponents of this plan would say by losing our banking system, and maybe even Wall Street the way we're going, we would be that much closer to being a banana republic. Brian?

WILLIAMS: Wow, as we say, this is a jittery time and we don't know how it ends. Steve Liesman, thank you, again, for your expertise.

—Brent Baker is Vice President for Research and Publications at the Media Research Center


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What an idiot. We Americans

What an idiot. We Americans love Bananas! 

Even if what he said comes true, we will still be the biggest, strongest, free republic on earth. 

Where do these people come from? Hmmm, Ivy League schools maybe?

Hate Rush Limbaugh Week - Again

 

 

Making Fun of AGW http://giovanniworld.wordpress.com/  

I have to eat plenty of

I have to eat plenty of bananas - my blood pressure meds deplete my potassium.

cocodrie...

Same here.

If we could just get liberals to move to Canada or something, then my blood pressure would be great.

Hate Rush Limbaugh Week - Again

 

 

Making Fun of AGW http://giovanniworld.wordpress.com/  

Isnt this Al's plan?

I think those, the proponents of this plan would say by losing our
banking system, and maybe even Wall Street the way we're going, we
would be that much closer to being a banana republic.

Now I am confused, I though this is what they wanted?

"Television is a freak show" Bernie Goldberg

Banana Republic?

Liesman looks more like a Pier 1 Imports kind of guy...

--Mike 

www.thebrattonreport...

 

In Liesman's Defense

As a CNBC viewer, I am familar with Liesman and in his defense, he is far from a left wing radical with an axe to grind. He's a fair guy and Im surprised he made the aforementioned methaphor as he usually shies away from politics whenever possible. Id give him the benefit of the doubt on this one.

Banana Republic Courtesy of Obama

Who do you think this debt was created by and for?

It was created by Obama backers like Warren Buffett and the current plunge is designed to install him in the White House.

 

I post below the financial rape of America by the Obama people and at the bottom submit the fix to America's economic woes just as Teddy Roosevelt would do.

God bless

http://lamecherry.bl...

Speculating on Obama

So you think the economy is in horrid condition huh?

You
are all such silly people in exclaiming such things, because I have 2
reports that with 2008 not even over Warren Buffett has made so much
money he doesn't know what to do with it and George Soros in one
quarter made 4 billion dollars.

Maybe I should rephrase that on
"made", because what these 2 Obama supporters did was not make one dime
honestly. They instead plundered, ravaged and raped millions of common
citizens finances all for their globalist rapine.

I realize
people hear stories all the time about Warren Buffett being some kind
of economic guru, but he isn't. He is a front man for the globalist who
collects funds like the olde tax collector of Sherwood Forest or the
speculators who raped United States veterans in 1776 of their land
payments for pennies on the acre. Men who actually fought, froze, were
sick and died and these cursed speculators swooped in like vultures on
a corpse.

I challenge you, to where does Warren Buffett or George Soros get their money?

Do they print it? No.

So
where does it come from? Some might say they are traders, but what they
are are speculators of the lowest order. See they bet on sure deals
knowing the dollar is going to tank, that the pound is going to tank,
that food prices will rise, that energy prices will rise, KNOWING FULL
WELL the catastrophe that is going to be for millions of people as they
loose their retirement investments in Wall Street, the derivatives
which this group just crashed to inflate Obama's poll numbers and
loosing their homes on loans these vultures pushed on them.

Warren
Buffett and George Soros do not get their billions from JP Morgan,
David Rockefeller, Nathaniel Rothschild. You never hear of them loosing
one penny.
So who is it who is always loosing their investments? The poor people and the few middle income people left in this world.

I
saw an article a few days ago posted by someone exclaiming that the
current crash was going to take retirement accounts in taxing them for
profit.
Earth to the creator of that article, these vultures have
already raided the accounts in the billions in retirement plans
invested in this shadow game and the main resource left of people being
forced to cash in early as their money is gone will be taxed any way.
This is about bigger matters than making elderly poor wards of the taxpayers. This is about nation rape.

George
Soros in one quarter made 4 billion dollars off of these poor people.
This is how the speculative game works. Soros quit buying up companies
years ago. He is now just piling up incredible sums of cash.
I have
pointed out before that 4 billion in 2008 at thirty cents on the dollar
is in 2010 going to be 8 billion in buying power when they inflate the
dollar again.

If you want to know what your money has been
buying in this crash, we can visit Warren Buffet how has been on a
financial terror trying to figure out what to do with all those
billions he has been gathering out of the American economy in the
housing implosion which these people engineered, the dollar collapse
which these people engineered and now the derivative collapse which
these people engineered all for Barack Obama.

These are just recent deals Buffett has undertaken when the rest of the world has been loosing their homes and jobs:

Buffett
purchased the Marmon Holdings Inc. for $4.5 billion, the Pritzker
family's collection of 125 company's in March. (readers will remember
that old man Pritzker who died was reported to only be worth twenty
five thousand dollars so the Pritzker family would avoid estate taxes.
Penny Pritzker is currently the bag woman for Barack Obama. Gee no conflict of interest there now is there?)

Buffet
backed Mars. Inc in buying the Wrigley chewing gum company for
"discounted shares" in the company for a tune of $6.5 billion.

In July he dumped, $3 billion in Dow Chemical.

He ponied up $15.4 billion to buy Rohm & Haas Co.

I
count that up as $29.4 billion in just a few months in 2008. He
literally had over 31 billion by June of this year in 2008 in cash.

I
will repeat the US Treasure under the Fed to ward off a global
depression after 9 11 printed up $1 trillion. It is this money which
these economic rapists have been stealing and buying up huge chunks of
the world market.
Do not think this is just a western plunge. Russia
is imploding in it's markets as these different bag men rape every
market sopping up billions of dollars.

If you can't afford to
heat your home, fix your car, the doctor for you and the dentist for
your children, the reason is your money is in Warren Buffet's and
George Soros' pockets.
I don't mean to leave the impression that
these two are out there alone, because you can find Nathaniel
Rothschild himself in the big stakes India land grab worth a trillion
dollars impoverishing Indian farmers who are committing suicide and
then the Rothschilds are putting up their corporate farms selling
poison grain high in toxins to the world market.

Been hearing
stories about people's dogs getting sick from eating corn based pet
foods in loose stools, getting bloody and the pet failing. This is but
one of the poison grain operations of frakenfoods or grains too high in
toxins from the polluted lands they are grown on killing pets.
I will give you hint, people are in auto immune diseases dropping like flies in America from the same brand of economic rapits.

But
don't worry, there sits Tom Daschle, king of frankenfood Chicago,
Warren Buffett nation rapists and his crony George Soros all backing
smiling Barack Obama and Joe Biden who had this market tanked for their
poll numbers right out of the European cartel.
Joe Biden is telling Americans that paying higher taxes for the poor is a patriotic act.
These
are the same vultures who one read about during 9 11 who were selling
short on the markets, because they knew through their direct Muslim
connections who they fund that the attack was coming.

As this
has diverged to Muslims, why would George Soros an Ashkenaz "Jew"
constantly be railing against converted Communist Jews in America and
against American Jewish settlers in the Israeli state and backing Hamas?
Same
reason Soros was plundering Romanians of their gold. Soros isn't
getting a cut out of the Jewish lobby funds from Washington and he
knows the sooner he gets those Judeans off of the West Bank and other
Israeli lands he will be allowed to swoop in and start exploiting the
oil reserves under the Israeli soil not tapped and the huge mineral
wealth of the dead sea basin.

You don't think these economic
rapists would turn the knife on their own people? What on earth
Americans do you think Warren Buffett has been doing to poor Americans
for decades?
The elite Ashkenaz like Soros have been plundering Ashkenaz Jews for decades.
That
is how he made all that money by stealing it from poor people who
didn't know how to invest or their investments went into things like
clothes, food, housing and taxes they were running commodity futures
prices up on in hedging prices.

Don't worry though in this scam these economic rapists don't allow the government to keep taxes, they even steal tax money too.

Warren
Buffett's current scam in having all of these billions is he is not
going to pay a cent in taxes nor his family. He has it all planned in
the system he rails against and exploits. In business you get
deductions for upgrading your business, so running around buying up
everything in a fire sale is about Buffett not paying taxes.
People
might remember that John Kennedy never cashed a check he was paid for
being President. The reason in this class act was he had a trust fund
like all rich people used to. It provided for them for life and one
paid taxes on it.

That though is not good enough for Warren
Buffett as his type does not stoop to paying taxes. That is for the
poor people to do. No Warren Buffett went around and gave billions in
tax deductions which means he didn't pay taxes, but someone else did to
"foundations which hand out money to liberals galore.
Buffett also
set up a foundation for each of his children at 1 billion dollars a
loophole. See, the kiddies and grand kiddies all get huge salaries
working for a tax free foundation for life cheating the estate taxes
everyone else has to pay who happens to own a home in a large city as
in inflated prices most people are now "rich".
Warren Buffett though and his family though do not pay a thing.

Buffet though does back Barack Obama as does George Soros. I will reveal why by God's grace in the following.
These
two people rape economies to make money like all the cartels do. They
know under Obama that poor people are going to be taxed 5 times more
under the Obama plan as he shifts his taxes to corporations who will
need to shift them back onto poor people in higher food, fuel, homes
and living expenses.

You think this little engineered implosion
is big now since you see Charlie Rose put on national economic expert
Barney Frank ...............yeah I blinked when I saw the homosexual
prostitute sex partner featured by Rose as a "economic expert", you
just wait until Mr. Obama implodes the western economies for real.
Warren
Buffett and George Soros will not be raking in billions a year off of
that nation rape, but will be approaching a trillion a year.

That
is the reassembling of wealth into the select few from the masses which
is planned and this is an exclusive to this blog again. I'm witnessing
to all of you what is coming.

It is not going to be Bill Gates
harassed until he joins Buffett in giving away almost his entire worth.
(I will remind readers that since Gates gave away his wealth and is now
running around with Seinfeld looking like an idiot as leftist apple is
given Microsoft's market that Mr. Gates has not had one Clinton lawsuit
nor European Union Rothschild's trade law violation where he was
plagued with them before.
They got Gate's money out of him and pimp
Warren Buffett got a humongous tax deduction to acquire more companies
as Bill plays with Seinfeld.
I pointed out that Gates gave it all away and that Warren Buffett would be making those billions he "gave away" back in a year.
Hey, God is never wrong and He deserves all credit for that eye opener.)
It
is instead going to be every citizen selling even themselves literally
as body parts when this Obama implosion comes as people will not be
able to afford to live.

So this is where the world sits, but
what on earth can the world do as Alexander Hamiliton and Thomas
Jefferson had no idea what to do about their nation rapist speculators.

The answer is in history in one Theodore Roosevelt.

It
is time these nation rapists be exposed for what they are just as
Roosevelt went after the trusts and monopolies preying upon Americans
and broke up those trusts.

Warren Buffett, George Soros and a
host of bag men for the ruling cartels should be indicted for crimes
against humanity as the stress they have caused millions of people has
caused illness, suicides and death.
The Federal Government should
move immediately to seize all assets of these nation rapists which
amounts to billions of dollars in an economic war against the citizens
of the west.

Individual investors in these robber baron's
monopolies will be audited and allowed their retirement funds, but the
Buffett, Soros and company fortunes revert into a national rebate.

I
deem the rebate should be in a national lottery of a $500,000 check in
set number to each state to households. Warren Buffetts' plunder alone
would make 280,000 families worth half a million dollars.
That would
be most of the people in the United States now being able to afford
medical care, pay off all bills, put aside for their retirement and end
the financial woes this nation faces in an economic boom.
Toss in Soros' rape and we can make all the Mexican families and Canadian rich too.

Oh
and for those of you who like sucking in "clean coal" giving cancer,
making deformed children and using up the US clean water reserves for
coal electric plants, Warren Buffett just bought almost $56 million is
shares of Burlington Northern, the great northern train center.
I
guess when you know Obama is the man, his bio fuels will be shipped on
rail, high fuel prices will increase rail traffic a hundred fold and
all those new Obama coal plants will be taking 100 carloads of coal a
day, you put your money where the next rape will be.
Warren Buffett started his rail investment rape in January 2008 before crude oil had even spiked.

Indict
Buffett, Soros and company, allow the Rockefellers and Rothschilds to
cast these dogs to the prosecutorial wolves to save their banking
empires and reputations, and, let justice be done.

Bust the
nation rapists monopoly on this world and return their horded wealth to
the masses of people. That is the answer and the necessary solution as
they are Chinese communist replicants coming after your kidneys next
political prisoner Americans, if Obama gets installed into the White
House.

agtG 223

Buffet

Soros

Stealing Elections

 

 

 

*HIC IACET ARTORIVS REX QVONDAM REXQVE FVTVRVS

I prefer the Gap. No,

I prefer the Gap.

No, seriously. Unfortuately for Democrats, the United States is resilient enough that "this too shall pass". 

The scare-tactics are a good strategy though, Democrats. That's exactly what the nation needs... a bunch of grown men wetting themselves everytime the U.S. faces rough times. 

Contrarian

Not to be a contrarian or nothing. But once the panic and/or doom & gloom talk reaches the MSM, the panic is probably over.

  See entries for global warming, killer bees, fire ants, AIDS, Y2K etc.

  Once it get filtered to the public at large by the MSM, everybody that wants out gets out and we will reach a bottom.