Time to stfu and listen: Infowars predicted financial meltdown long before you could scream "tinfoil hat"
prisonplanet.com/you-saw-it-here-first-econom...Posted Jan 7, 2009, 7:11 PM UTC
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They knew about the "economic cycle", which occurs every 8 to 11 years. Look it up on wikipedia.
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So we have every 8 to 11 years an 1929-like recession? Interesting!
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With the elimination of Glass-Steegal, insider trading was legalized. Then the new Bank/Broker/Speculator conglomerates started loaning money to people who didn't have jobs, lied about it to their customers, and created a secondary market for assets with not a hint of transparency as to the underlying note. Then the central planning comittee dropped the interest rate to almost nothing in a market that would have produced a record high and stopped even publishing the most broad measure of money supply. You didn't need a tin foil hat to see this coming.
Big ass difference here is that you found that out afterwards. Infowars contradicted the Mainstream Media all along and everybody said they're nuts.
Well, I am kinda proud of the fact that my friends and family knew Iraq had no WMD by the summer of 2002. All my friends knew what a mortgage backed security and a credit swap derivative were by 2006. So, I feel like I did see this coming, to a great extent. And that makes me a little less impressed that Alex Jones did too. It shouldn't inspire confidence in his allegation that Bill Clinton worships Satan for example. But if people want to reconsider his economic projections that would be legit. Anyone who thinks the mainstream media is going to get shit other than dates and dollar amounts right couldn't figure out a stapler without help.