Rat Says: Spare us your crocodile tears Mr War Criminal. How can people still buy the lies of war…. and 9/11? Notice how Rove doesn’t react at all to the protestors? That is what we call a sociopath.

The UI Lecture Committee invited Karl Rove to speak on campus March 9, 2008. He was paid $40,000 for his visit which was heavily protested by anti-war activists. IowaIndependent

IowaIndependent
wearechange.org

00:07:26

Rat Says: In part 2 @ appx the 7 minute mark, Faber drops his Derivatives Bomb! He is talking 3 to 6 months, so we are looking at any of the summer months. This fits in perfectly with the election and the ushering in of the “White Knight” Al Gore!

Ron Paul’s people know this and no telling what they have planned. This should make for an interesting convention atmosphere and third party speculation. There may be some more Spitzer bombs to come too.

Buffett and Gross warn: $516 trillion bubble is a disaster waiting to happen
By Paul B. Farrell, MarketWatch
Last update: 7:31 p.m. EDT March 10, 2008

ARROYO GRANDE, Calif. (MarketWatch) — “Charlie and I believe Berkshire should be a fortress of financial strength” wrote Warren Buffett. That was five years before the subprime-credit meltdown.
“We try to be alert to any sort of mega-catastrophe risk, and that posture may make us unduly appreciative about the burgeoning quantities of long-term derivatives contracts and the massive amount of uncollateralized receivables that are growing alongside. In our view, however, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.”

That warning was in Buffett’s 2002 letter to Berkshire shareholders. He saw a future that many others chose to ignore. The Iraq war build-up was at a fever-pitch. The imagery of WMDs and a mushroom cloud fresh in his mind.

Also fresh on Buffett’s mind: His acquisition of General Re four years earlier, about the time the Long-Term Capital Management hedge fund almost killed the global monetary system. How? This is crucial: LTCM nearly killed the system with a relatively small $5 billion trading loss. Peanuts compared with the hundreds of billions of dollars of subprime-credit write-offs now making Wall Street’s big shots look like amateurs.

Buffett tried to sell off Gen Re’s derivatives group. No buyers. Unwinding it was costly, but led to his warning that derivatives are a “financial weapon of mass destruction.” That was 2002. Derivatives bubble explodes five times bigger in five years Wall Street didn’t listen to Buffett. Derivatives grew into a massive bubble, from about $100 trillion to $516 trillion by 2007…………” Full Article: marketwatch.com

RemiG2006

00:08:00

Faber … Derivatives Ticking Bomb! Pt 2
RemiG2006

00:07:98

Rat Says: I still don’t see why people like Bill Clinton so much. Have they never heard of Juanita Broaddrick and Hillary’s lamp throwing?

Fst Fwd to the 6 minute mark for the good stuff!

wearechange.org

00:11:54

00:00:56