Man who predicted date of market selloff attributes it to elite Catholic organization

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Oh boy!
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Here's some conspiracy fodder for every one.

Here's a youtube video explaining the phenomenon:

http://www.youtube.com/watch?v=9pk50pWqCYg

Here's the guys web site:

http://www.enterprisecorruption.com/

Here's the story:

http://gawker.com/5050016/how-legatus-brought-down-wall-street

Some people believe that Nostradamus predicted the Wall Street crash of 1929. But a modern age requires modern prophets. On a Google Finance message board last July, one lone nut predicted a market crash. "The negative news that will move the market downward should occur September 15," he wrote. That would be today. This oracle may be raving, but he did predict the future correctly. "This organization below," he went on, "runs the show..."

The Group's Name: Legatus
Its Mission: " To study, live and spread the Faith in our business, professional and personal lives."
What is it?: Legatus—Latin for "ambassador" (and the term for a general in the Roman army)—is a worldwide networking group "designed exclusively for top-ranking Catholic business leaders." Its main stated duty is to bring such leaders together for closed monthly networking meetings. The group calls itself "the conduit connecting two powerful realities, the challenge of top-tier business leadership and a religious tradition second to none."
History: The group was founded in 1987 by Tom Monaghan, the devout Catholic who founded Domino's Pizza. It now boasts "thousands" of members throughout America and in Europe.

It's somewhat reminiscent of Opus Dei, the shadowy Catholic group that starred in The Da Vinci Code. The Google Nostradamus went by the name of reinhardt (though his account has now been banned). He ID'd himself as the author of this conspiracy site as well. Here are some salient portions of his very extensive posts on the connection between Legatus and our current financial blowup.
 

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First Jesus now the banks...these fuckers wont stop until they take the whole world down!
 

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You forgot the altar boys Fletch! They tool a lot of them down as well.

I meant to write took and wrote tool -- Freudian Slurp.
 
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Seriously thou, im sure there is some truth to this. How much, i dont know...but the truth is out there.
 

bushman
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The only places Hitler was too chicken to invade were Switzerland and Vatican city.

You proddys and joos are mere putty for our hands to mould.

Muhahahahaha

Signed
Dr Evil
 

Rx. Junior
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Some people believe that Nostradamus predicted the Wall Street crash of 1929. But a modern age requires modern prophets.

Joe Kennedy was involved in the crash....as he was one of the key players who caused it...mind you, he was a Knight Of Malta, vis a vis the SMOM....Sovereign Military Order of Malta, An offshoot of the Jesuit Order whom La Cosa Nostra is subordinate to...They are behind the Crash...
 

Conservatives, Patriots & Huskies return to glory
Handicapper
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Is that guy a billionaire yet?
 

Conservatives, Patriots & Huskies return to glory
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Joe Kennedy was involved in the crash....as he was one of the key players who caused it...mind you, he was a Knight Of Malta, vis a vis the SMOM....Sovereign Military Order of Malta, An offshoot of the Jesuit Order whom La Cosa Nostra is subordinate to...They are behind the Crash...

and Punter thinks it's all Hoover's fault. See, it was the Democrats after all.

spot on Loren
 

Oh boy!
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Joe Kennedy was involved in the crash....as he was one of the key players who caused it...mind you, he was a Knight Of Malta, vis a vis the SMOM....Sovereign Military Order of Malta, An offshoot of the Jesuit Order whom La Cosa Nostra is subordinate to...They are behind the Crash...

Thanks for the input Loren. I thought this would be of interest to you.

:toast:
 

Oh boy!
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This guy is predicting February 9th as the big down day for the markets. Perhaps this announcement could be a major reason:

http://www.cnbc.com/id/28935289

Talks continue between the Obama administration and financial industry representatives over a so-called 'bad bank' plan to buy toxic assets. If progress continues to be made an announcement is likely late next week, according to a source familiar with the discussions.

Talks are taking place again today, following a round Friday when speculation arose that a snag had been over the thorny issue of how to price the assets, which the banks would sell at a discounted price to the government entity.

That no longer appears to the case. The talks are said to have yielded agreement that the FDIC would run the bad bank, according to an source. That scenario has been widely speculated, especially since FDIC Chairwoman Sheila Bair has been a leading proponent of the bad bank concept. She had already essentially volunteered to have the banking supervision agency administer the program, which it did 15 year ago with a similar program meant to ease the savings and loan crisis.

"It’s not a 100 percent, but its where they are now," said the industry source, adding that Thursday could be the announcement day.
 

Oh boy!
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This guy is predicting February 9th as the big down day for the markets. Perhaps this announcement could be a major reason:

http://www.cnbc.com/id/28935289

Talks continue between the Obama administration and financial industry representatives over a so-called 'bad bank' plan to buy toxic assets. If progress continues to be made an announcement is likely late next week, according to a source familiar with the discussions.

Talks are taking place again today, following a round Friday when speculation arose that a snag had been over the thorny issue of how to price the assets, which the banks would sell at a discounted price to the government entity.

That no longer appears to the case. The talks are said to have yielded agreement that the FDIC would run the bad bank, according to an source. That scenario has been widely speculated, especially since FDIC Chairwoman Sheila Bair has been a leading proponent of the bad bank concept. She had already essentially volunteered to have the banking supervision agency administer the program, which it did 15 year ago with a similar program meant to ease the savings and loan crisis.

"It’s not a 100 percent, but its where they are now," said the industry source, adding that Thursday could be the announcement day.

Well the Thursday they are talking about is tomorrow. I don't know if they are any closer to resolving this issue. It will be interesting to see what happens on Friday as this group is scheduled to meet in Bermuda through Sunday. Look out below on Monday!
 

bushman
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I'm an elite catholic and it doesn't mean shit.

Once we get rid of those bloody jews then everything will be fine.
 

Oh boy!
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Geithner plans to unveil bailout plan Monday

http://finance.yahoo.com/news/Geithner-plans-to-unveil-apf-14273652.html

WASHINGTON (AP) -- Treasury Secretary Timothy Geithner and other top officials are putting the finishing touches on a plan to overhaul the government's $700 billion financial rescue program.

A Treasury official said Geithner will deliver a speech on Monday outlining the new plan.

But Treasury officials would not comment on reports Thursday that changes were being considered to the current accounting standard that requires banks to carry assets such as mortgage-backed securities on their books at fair value, a process known as "mark to market."

Critics of this process contend that it has made the current financial crisis worse by forcing banks to slash the value of assets that are currently depressed because of market conditions. Treasury officials said the administration's plan was not yet complete and would be revealed in Geithner's speech in Washington next week.
 

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