A MASSIVE FRAUD HAS TAKEN PLACE
GREECE IS BURNING ,OTHERS WILL FOLLOW
“The individual is handicapped by coming face to face with a Conspiracy so monstrous he cannot believe it exists. The American mind simply has not come to a realization of the evil which has been introduced into our midst.” J.Edgar Hoover
When looking at a crime scene we must think about ,motive and opportunity and who benefits?In this case IF we follow the money it always seems to lead back to the I.M.F. ,Goldman Sachs and Bailout buddies.So was it incompitance or conspiracy and is there a simple solution?
Greg Palast Tells How The IMF Set-Up Iceland & Greece on Alex Jones Tv 1/2
http://eclipptv.com/viewVideo.php?video_id=11751
Greg Palast Tells How The IMF Set-Up Iceland & Greece on Alex Jones Tv 2/2
http://eclipptv.com/viewVideo.php?video_id=11752&title=Greg_Palast_Tells_How_The_IMF_Set_Up_Iceland__amp__Greece_on_Alex_Jones_Tv_2_2&vpkey=7b68279aad
Was There A Plan to Blow Up The U.S. Economy?
Politics / US Economy
May 03, 2010 – 04:43 PM
By: Mike_Whitney
Many people now believe that the financial crisis was not an accident. They think that the Bush administration and the Fed knew what Wall Street was up to and provided their support. This isn’t as far fetched as it sounds. As we will show, it’s clear that Bush, Greenspan and many other high-ranking officials understood the problem with subprime mortgages and knew that a huge asset bubble was emerging that threatened the economy. But while the housing bubble was more than just an innocent mistake, it doesn’t rise to the level of “conspiracy” which Webster defines as “a secret agreement between two or more people to perform an unlawful act.” It’s actually worse than that, because bubblemaking is the dominant policy, and it’s used to overcome the structural problems in capitalism itself, mainly stagnation.
“The current crisis is more serious than the worst previous recession of the postwar period, between 1979 and 1982, and could conceivably come to rival the Great Depression, though there is no way of really knowing. Economic forecasters have underestimated how bad it is because they have over-estimated the strength of the real economy and failed to take into account the extent of its dependence upon a buildup of debt that relied on asset price bubbles. In the U.S., during the recent business cycle of the years 2001-2007, GDP growth was by far the slowest of the postwar epoch. There was no increase in private sector employment. The increase in plants and equipment was about a third of the previous, a postwar low. Real wages were basically flat. There was no increase in median family income for the first time since World War II. Economic growth was driven entirely by personal consumption and residential investment, made possible by easy credit and rising house prices. Economic performance was weak, even despite the enormous stimulus from the housing bubble and the Bush administration’s huge federal deficits. Housing by itself accounted for almost one-third of the growth of GDP and close to half of the increase in employment in the years 2001-2005. It was, therefore, to be expected that when the housing bubble burst, consumption and residential investment would fall, and the economy would plunge. ” (“Overproduction not Financial Collapse is the Heart of the Crisis”, Robert P. Brenner speaks with Jeong Seong-jin, Asia Pacific Journal)
What Brenner describes is an economy that’s flat on its back; an economy that–despite unfunded tax cuts, massive military spending and gigantic asset bubbles–can barely produce positive growth. The pervasive lethargy of mature capitalist economies, poses huge challenges for industry bosses who are judged solely on their ability to boost quarterly profits. Goldman’s Lloyd Blankfein and JPM’s Jamie Dimon could care less about economic theory, what they’re interested in is making money; how to deploy their capital in a way that maximizes return on investment. “Profits”, that’s it. And that’s much more difficult in a world that’s saturated with overcapacity and flagging demand. The world doesn’t need more widgets or widget-makers. The only way to ensure profitability is to invent an alternate system altogether, a new universe of financial exotica (CDOs, MBSs, CDSs) that operates independent of the sluggish real economy. Financialization provides that opportunity. It allows the main players to pump-up the leverage, minimize capital-outlay, inflate asset prices, and skim off record profits even while the real economy endures severe stagnation.
Financialization provides a path to wealth creation, which is why the sector’s portion of total corporate profits is now nearly 40 percent. It’s a way to bypass the pervasive inertia of the production-oriented economy. The Fed’s role in this new paradigm is to create a hospitable environment (low interest rates) for bubble-making so the upward transfer of wealth can continue without interruption. Bubblemaking is policy.
THE FED WAS SUPPOSED TO STOP THIS FROM HAPPENING ,NOT ENABLE IT!! SO THEY ARE EITHER INCREDIBILY INCOMPITANT OR INCREDIBILY CROOKED….. OR THE ORGANISERS
The board of directors of each Federal Reserve Bank District also have regulatory and supervisory responsibilities. For example, a member bank (private bank) is not permitted to give out too many loans to people who cannot pay them back. This is because too many defaults on loans will lead to a bank run.
The punishment for making false statements or reports which overvalue an asset is also stated in the U.S. Code:[44]
Whoever knowingly makes any false statement or report, or willfully overvalues any land, property or security, for the purpose of influencing in any way…shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.
These aspects of the Federal Reserve System are the parts intended to prevent or minimize speculative asset bubbles which ultimately lead to severe market corrections. The recent bubbles and corrections in energies, grains, equity and debt products and real estate cast doubt on the efficacy of these controls.
SO WHY ARE THE BANKERS NOT FACING $1,000,000 FINES AND 30 YEARS IMPRISONMENT?!?!
THE FEDERAL RESERVE WAS ALSO SUPPOSED TO STABLISE THE DOLLAR…….ITS NOT BEEN VERY SUCCESSFUL
From 1776 to 1912 (136 years), the value of the dollar, relative to the Consumer Price Index, increased by 11%. A dollar could buy 11% more goods in 1912 than in 1776.
After the Fed’s creation, from 1913 to 2008 (95 years), the value of the dollar, relative to the Consumer Price Index, decreased by 95%. A dollar could buy 95% fewer goods in 2008 than in 1913.
https://cuthulan.wordpress.com/2009/09/03/the-record-of-the-federal-reserve/
THE WARNING SIGNS!!!!
As we’ve pointed out in earlier articles, scores of people knew what was going on during the subprime fiasco. But it’s worth a quick review, because Robert Rubin, Alan Greenspan, Timothy Geithner, and others have been defending themselves saying, “Who could have known?”.
The FBI knew (“In September 2004, the FBI began publicly warning that there was an “epidemic” of mortgage fraud, and it predicted that it would produce an economic crisis, if it were not dealt with.”)
The FDIC knew. ( In testimony before the Financial Crisis Inquiry Commission, FDIC chairman Sheila Bair confirmed that she not only warned the Fed of what was going on in 2001, but cited particular regulations (HOEPA) under which the Fed could stop the “unfair, abusive and deceptive practices” by the banks.)
Also Fitch ratings knew, and even Alan Greenspan’s good friend and former Fed governor Ed Gramlich knew. (Gramlich personally warned Greenspan of the surge in predatory lending that was apparent as early as 2000. Here’s a bit of what Gramlich said in the Wall Street Journal:
“I would have liked the Fed to be a leader” in cracking down on predatory lending, Mr. Gramlich, now a scholar at the Urban Institute, said in an interview this past week. Knowing it would be controversial with Mr. Greenspan, whose deregulatory philosophy is well known, Mr. Gramlich broached it to him personally rather than take it to the full board.
“He was opposed to it, so I didn’t really pursue it,” says Mr. Gramlich. (Wall Street Journal)
So, Greenspan knew, too. And, according to Elizabeth MacDonald in an article titled “Housing Red flags Ignored”:
“One of the nation’s biggest mortgage industry players repeatedly warned the Federal Reserve, the Federal Deposit Insurance Corp. and other bank regulators during the housing bubble that the U.S. faced an imminent housing crash….But bank regulators not only ignored the group’s warnings, top Fed officials also went on the airwaves to say the economy was “building on a sturdy foundation” and a housing crash was “unlikely.”
So, the Mortgage Insurance Companies of America [MICA] also knew. And, here’s a clip from the Washington Post by former New York governor Eliot Spitzer who accused Bush of being a ‘partner in crime’ in the subprime fiasco. Spitzer says that the OCC launched “an unprecedented assault on state legislatures, as well as on state attorneys general just to make sure the looting would continue without interruption. Here’s an except from Spitzer’s article:
“In 2003, during the height of the predatory lending crisis….the OCC promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks. The federal government’s actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules. (Washington Post)
So, the Fed knew, the Treasury knew, the FBI knew, the OCC knew, the FDIC knew, Bush knew, the Mortgage Insurance Companies of America knew, Fitch ratings knew, all the states Attorneys General knew, and thousands, of traders, lenders, ratings agency executives, bankers, hedge fund managers, private equity bosses, regulators knew. Everyone knew, except the unlucky people who were victimized in the biggest looting operation of all time.
“Fraudulent lenders produce exceptional short-term “profits” through a four-part strategy: extreme growth (Ponzi), lending to uncreditworthy borrowers, extreme leverage, and minimal loss reserves. These exceptional “profits” defeat regulatory restrictions and turn private market discipline perverse. The profits also allow the CEO to convert firm assets for personal benefit through seemingly normal compensation mechanisms. The short-term profits cause stock options to appreciate. Fraudulent CEOs following this strategy are guaranteed extraordinary income while minimizing risks of detection and prosecution.” (William K. Black, “Epidemics of ‘Control Fraud’ Lead to Recurrent, Intensifying Bubbles and Crises”, University of Missouri at Kansas City – School of Law)
Black’s definition of “control fraud” comes very close to describing what really took place during the subprime mortgage frenzy. The investment banks and other financial institutions bulked up on garbage loans and complex securities backed by dodgy mortgages so they could increase leverage and rake off large bonuses for themselves. Clearly, they knew the underlying collateral was junk, just as they knew that eventually the market would crash and millions of people would suffer.
FOR A LOT OF BANKERS GREED BLINDED THEM AND THEY BROKE THIER OWN GRAVY TRAIN ,NOT THE BRIGHTEST OR BEST THING TO DO. IN FACT ITS CRIMINAL NEGLIGENCE!
BUT FOR TOP BANKERS THIS SEEMS TO HAVE BEEN THE PLAN ALL ALONG AND ,WITH A BIT OF LOBBYING OF THE GOVERNMENT ,THEY MANAGED TO HAND THE BILL TO THE TAXPAYER,AND A NATION OF DEBTOR SLAVES ARE IMMEDIATELY CREATED
SO ITS A CONSPIRACY ENABLED BY GREED ,CORRUPTION AND CRIMINAL NEGLIGENCE!
OR
WAS IT INCOMPITENCE?……….AND CONSPIRACY ,GREED AND CORRUPTION
But, while its true that Greenspan and the Wall Street mandarins knew how the bubble-game was played; they had no intention of blowing up the whole system. They simply wanted to inflate the bubble, make their profits, and get out before the inevitable crash. But, then something went wrong. When Lehman collapsed, the entire financial system suffered a major heart attack. All of the so-called “experts” models turned out to be wrong.
That’s why no one knew what to do during the panic. The general assumption was that there would be a one-to-one relationship between defaulting subprime mortgages and defaulting mortgage-backed securities (MBS). That turned out to be a grave miscalculation. The subprimes were only failing at roughly 8 percent rate when the whole secondary market collapsed. Former Treasury Secretary Paul O’Neill explained it best using a clever analogy. He said, “It’s like you have 8 bottles of water and just one of them has arsenic in it. It becomes impossible to sell any of the other bottles because no one knows which one contains the poison.”
And that’s exactly what happened. The market for structured debt crashed, stocks began to plummet, and the Fed had to step in to save the system. Unfortunately, that same deeply-flawed system is being rebuilt brick-by-brick without any substantive changes.. The Fed and Treasury support this effort, because–as agents of the banks–they are willing to sacrifice their own credibility to defend the primary profit-generating instruments of the industry leaders. (Goldman, JPM, etc) That means that Bernanke and Geithner will go to the mat to oppose any additional regulation on derivatives, securitization and off-balance sheet operations, the same lethal devices that triggered the financial crisis.
So, there was no conspiracy to blow up the financial system, but there is an implicit understanding that the Fed will serve the interests of Wall Street by facilitating asset bubbles through “accommodative” monetary policy and by opposing regulation. It’s just “business as usual”, but it’s far more damaging than any conspiracy, because it ensures that the economy will continue to stagnate, that inequality will continue to grow, and that the gigantic upward transfer of wealth will continue without pause.
By Mike Whitney
Email: fergiewhitney@msn.com
Mike is a well respected freelance writer living in Washington state, interested in politics and economics from a libertarian perspective.
http://www.marketoracle.co.uk/Article19159.html
SO ITS CRIMINAL INCOMPITENCE?….NO!!!!
SORRY FOLKS BUT I THINK THIS IS UNBELIEVABLE. WHAT IS HAPPENING TODAY HAS HAPPENED BEFORE .
The Panic of 1907, also known as the 1907 Bankers’ Panic, was a financial crisis that occurred in the United States when the New York Stock Exchange fell close to 50% from its peak the previous year. Panic occurred, as this was during a time of economic recession, and there were numerous runs on banks and trust companies. The 1907 panic eventually spread throughout the nation when many state and local banks and businesses entered into bankruptcy. Primary causes of the run include a retraction of market liquidity by a number of New York City banks and a loss of confidence among depositors, exacerbated by unregulated side bets at bucket shops.
http://en.wikipedia.org/wiki/Panic_of_1907
The Panic of 1910-1911 was a slight economic depression that followed the enforcement of the Sherman Anti-Trust Act. It mostly affected the stock market and business traders who were smarting from the activities of trust busters, especially with the breakup of the Standard Oil Company.
http://en.wikipedia.org/wiki/Panic_of_1910%E2%80%931911
RESULT
1912 US Rigged election .3 pro-tax and pro bank runners
1913 The Ferderal Reserve Act is passed under “unusual” circumstances
WORLD WAR I (1914–1918),
This lead to the ROARING 20′s…… and another stock market bubble…
THEN
The Wall Street Crash of 1929,also known as the Great Crash, and the Stock Market Crash of 1929, was the most devastating stock market crash in the history of the United States, taking into consideration the full extent and duration of its fallout
Anyone who bought stocks in mid-1929 and held onto them saw most of his or her adult life pass by before getting back to even
http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
The USA goes bankrupt in 1933 and just survives a corporate Wall Street backed Nazi fascist coup.
https://cuthulan.wordpress.com/2009/09/02/33/
RESULT
WORLD WAR II (1939–1945),
This lead to the rise of America as a manufacturing Super power ,briefly before stock market bubbles bring it down again….
The financial crisis of 2007–present is a global financial crisis triggered by a liquidity shortfall in the United States banking system. It has resulted in the collapse of large financial institutions, the “bail out” of banks by national governments and downturns in stockmarkets around the world. It is considered by many economists to be the the worst financial crisis since the Great Depression of the 1930s.
http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932010
The government bailout of banks triggers National bankruptcies.
RESULT
WORLD WAR III?
WAR WITH IRAN ANYONE?
https://cuthulan.wordpress.com/2009/09/09/iranian-oil-bourse-the-real-reason-for-war-with-iran/
THIS IS CAUSED BY THE SAME PEOPLE, THE USUAL SUSPECTS WALL STREET AND THE BUSH FAMILY .THEY HAVE BEEN CAUGHT TWICE TRYING TO START A COUP IN THE USA !!! AND THEY HAVE BEEN FOUND GUILTY OF CONSPIRACY ON BOTH OCCASIONS
REMEMBER IRAN-CONTRA?
“There exists a shadowy Government with its own Air Force, its own Navy, its own fundraising mechanism, and the ability to pursue its own ideas of national interest, free from all checks and balances, and freefrom the law itself.”– Senator Daniel K. Inouye – Iran Contra Hearings
Coverup: Behind the Iran Contra Affair (1988)
Coverup exposes a tale of politics, drugs, hostages, weapons, assassinations, covert operations and the ultimate plan to suspend the US Constitution.
https://cuthulan.wordpress.com/2009/10/05/us-government-terrorists-still-in-power-iran-contra-to-911/
THE BUSINESS PLOT 1933
This bailout is a repeat of the last attempted Fascist coup in America,1933. Backed by the same people that backed the Fascist coup in Germany also 1933.
The Reichstag fire was an arson attack on the Reichstag building in Berlin on 27 February 1933. The event is seen as pivotal in the establishment of Nazi Germany.
“As the evidence piled up, there was little doubt that the Nazis themselves had set the fire…
The burning of the Reichstag six days before the election, depicted by the Nazis as the beginning of a communist revolution, resulted in the Reichstag Fire Decree, which (among other things) suspended civil liberties and habeas corpus rights.
http://en.wikipedia.org/wiki/Enabling_Act_of_1933
Any of this sound familiar?(911,Patriot Act?)
IF THE BUSH’s ARE NOT NAZI’s OR FASCIST’s EXPLAIN THIS…….FASCIST COUP OF AMERICA ALSO 1933?
http://en.wikipedia.org/wiki/Federal_Reserve_Act_of_1913
20 years of unregulated Fractional Reserve banking practices ,.. basically creating money out of thin air by creating debt, which they call money, and charging for services and interest. Artificially raising prices as more people can bid for the items.
http://en.wikipedia.org/wiki/Fractional_Reserve_Banking
Basically deregulating the financial services which led too`the Federal Reserve System’s expansionary monetary policy in the 1920s, arguing that the policy allowed misallocations of capital resources and supported a massive stock price bubble`
http://en.wikipedia.org/wiki/Federal_Reserve_System#Criticisms
20 years later in 1933 the stock market had crashed ,the Great Depression was in full swing and America was BANKRUPT!
http://en.wikipedia.org/wiki/Great_Depression
The Business Plot (also the Plot Against FDR and the White House Putsch) was an alleged political conspiracy in 1933 wherein wealthy businessmen and corporations plotted a coup d’état to overthrow United States President Franklin D. Roosevelt. Backed by Wall Street financiers including J.P. Morgan & Co., the Du Pont interests, Remington Arms ,”A BBC documentary claims Prescott Bush, father and grandfather to the 41st and 43rd US Presidents respectively, was also connected.”
The Congressional committee report confirmed Butler’s testimony (emphasis added):
In the last few weeks of the committee’s official life it received evidence showing that certain persons had made an attempt to establish a fascist government in this country…There is no question that these attempts were discussed, were planned, and might have been placed in execution when and if the financial backers deemed it expedient.
Why do we know SO LITTLE about this???
In 1934, newspapers were controlled by an élite — according to then-Interior Secretary Harold L. Ickes, 82 per cent of daily newspapers monopolised their communities; the media down-played Gen. Butler’s testimony to protect the interests of advertisers and their owners.
MEDIA CONTROL TODAY is even WORSE
http://en.wikipedia.org/wiki/Business_Plot
http://www.bbc.co.uk/radio4/history/document/document·shtml
When you consider Prescott Bush
In 1924, Bush became vice-president of A. Harriman & Co. His father-in-law, George Herbert Walker also worked with the company, as did E. Roland Harriman and Knight Woolley, Bush’s Yale classmates and fellow Bonesmen
IN 1940′s
Bush,as well as Harriman, was a member of the Board of Directors of Union Banking Corp, whose assets were seized under the Trading with the Enemy Act due to ownership by “enemy nationals”.i.e. NAZI’s
http://en.wikipedia.org/wiki/Prescott_Bush#Business_career
Throughout the 1930s, with the loans provided through the Dawes and Young Plans, Germany was able to create a few dominant industrial cartels, which were all financed by Wall Street bankers and industrialists.[52] These cartels provided the basis for and main financial backing of the Nazi regime. Collaboration between the German Nazi industry and American industry and finance continued, specifically with Morgan and Rockefeller interests, as well as Ford and DuPont. The Morgan-Rockefeller international banks and companies associated with them “were intimately related to the growth of Nazi industry.”[53] Rockefeller’s Standard Oil Empire “was of critical assistance in helping Nazi Germany prepare for World War II.”[54] On top of this, the Rockefeller Foundation was also pivotal in not only funding the racist and elitist eugenics movement in the United States, but played a pivotal part in bringing the eugenics ideology to Nazi Germany, facilitating the beliefs that brought about the Holocaust.[55]
Antony C. Sutton, Wall Street and the Rise of Hitler. G S G & Associates Pub
Edwin Black, Eugenics and the Nazis — the California connection. The San Francisco Chronicle: November 9, 2003: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/11/09/ING9C2QSKB1.DTL
911? THEY CERTAINLY KNEW AND PROFITED FROM IT
Ex-Italian President: Intel Agencies Know 9/11 An Inside Job
Man who set up Operation Gladio tells Italy’s largest newspaper attacks were run by CIA, Mossad
Former Italian President and the man who revealed the existence of Operation Gladio Francesco Cossiga has gone public on 9/11, telling Italy’s most respected newspaper that the attacks were run by the CIA and Mossad and that this was common knowledge amongst global intelligence agencies.
http://prisonplanet.com/articles/december2007/120407_common_knowledge.htm
http://www.corriere.it/politica/07_novembre_30/osama_berlusconi_cossiga_27f4ccee-9f55-11dc-8807-0003ba99c53b.shtml
https://cuthulan.wordpress.com/2009/10/05/us-government-terrorists-still-in-power-iran-contra-to-911/
https://cuthulan.wordpress.com/2009/10/12/us-government-making-a-killing-on-war/
https://cuthulan.wordpress.com/2009/12/29/usa-harbouring-terrorists-should-the-un-declare-war-on-this-rogue-terrorist-nation/
https://cuthulan.wordpress.com/2010/01/02/evidence-mounts-for-us-complicity-in-christmas-false-flag-terrorism/
https://cuthulan.wordpress.com/2009/12/14/anthrax-swine-flu-and-government-bio-terrorism/
SO BE PREPARED FOR ANOTHER MANUFACTURED FAKE WAR
“War is just a racket. A racket is best described, I believe,as something that is not what it seems to the majority of people.Only a small inside group knows what it is about. It is conducted for the benefit of the very few at the expense of the masses.”
I spent 33 years (in the Marines)…most of my time being a high-class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism…
I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Haiti and Cuba a decent place for the National City (Bank) boys to collect revenues in. I helped in the rape of half a dozen Central American republics for the benefit of Wall Street…
In China in 1927 I helped see to it that Standard Oil went on its way unmolested. I had a swell racket. I was rewarded with honors, medals, promotions. I might have given Al Capone a few hints. The best he could do was operate in three city districts. The Marines operated on three continents – General Smedley Butler.
https://cuthulan.wordpress.com/2009/09/09/iranian-oil-bourse-the-real-reason-for-war-with-iran/
https://cuthulan.wordpress.com/2009/09/10/are-us-wars-in-iraq-and-afghanistan-well-intended-mistakes-what-we-now-know-from-the-evidence/
https://cuthulan.wordpress.com/2009/10/12/us-government-making-a-killing-on-war/
https://cuthulan.wordpress.com/2009/12/17/uk-government-does-what-its-israelli-masters-tell-it-again/
https://cuthulan.wordpress.com/2009/10/05/philippines-another-us-fake-war-in-the-making/
https://cuthulan.wordpress.com/2010/01/07/uk-government-blackmailed-into-war-blair-covers-mps-paedophile-ring-and-the-dunblane-massacre/
https://cuthulan.wordpress.com/2010/01/10/the-real-uk-legacy-of-the-iraq-and-afghan-wars-death-stalks-our-streets-and-the-world/
https://cuthulan.wordpress.com/2009/12/16/yugoslavia-another-blair-illegal-war-of-agression-and-the-icc-kangaroo-court/
TODAY’S CREDIT CRISIS IS CAUSED BY THE SAME PEOPLE FOR THE SAME REASONS
TO BRING ON A NEW WORLD ORDER
SO
Will Anyone At Goldman Sachs Go To Jail?
Politics / Credit Crisis 2010
May 03, 2010 – 04:51 PM
By: Danny_Schechter
Will Goldman survive the assault? Will the threat of criminal charges being pursued against the world’s leading investment bank spill over onto others on Wall Street? Is the criminalization of the crisis underway, or is all this just a maneuver?
So what now? Will there really be a criminal prosecution or all this just smoke to create a sense of urgency for an already heavily compromised financial reform package? Will anyone go to jail? Unless there are more smoking guns and shocking revelations, some settlement of the civil charges is more likely as The Atlantic explained:
“…, the standard for a criminal case is much higher. The DOJ must present very compelling evidence that a jury would be able to understand well enough to find that, beyond doubt, Goldman and/or some of its bankers are guilty of fraud. Given that there are many people questioning whether even the civil case can succeed under a weaker standard of guilt, it’s relatively doubtful that the criminal charges would stick. Yet, the public doesn’t have all of the information, so it’s too soon to know the fate of a criminal case for sure.”
Also, it seems as if only one lower level banker, Fabrice Tourre. aka “Fab,”His defense has already been layed out in his congressional testimony. As NPR’s Planet Money noted, “Tourre’s public statements make it less likely that he could change his story later and negotiate a lesser penalty with the SEC in return for information that could be damaging to the firm or other executives, the person said.”
Now, says Doyle, there is “little doubt as to why the Goldman Sachs execs were reticent in their answering questions this past Tuesday knowing full well that a criminal investigation was potentially close to being launched.”
The criminal issue is hardly definite. As one lawyer said to Bloomberg News, “In order to proceed criminally in a case, you need to have very clear evidence of lying, cheating and stealing.” Robert Hockett, a law professor at Cornell University, downplayed the crime angle. “It’s really not a big deal,” says Hockett, “It isn’t uncommon for the SEC to refer a case to the U.S Attorney. It doesn’t present a new legal development. It’s a procedural development.”
The bottom line: don’t get your hopes up. The government has not declared war on Wall Street even after Wall Street declared war on Main Street. And the media is complicit, even blacking out a march of 15,000 workers on Wall Street.
SO NO ….DO NOT EXPECT TO SEE THE BIG PLAYERS IN JAIL.DID THE IRAN-CONTRA GUILTY GO TO JAIL OR THE BUSINESS PLOTTERS OF 1933?……NO!
AT LEAST IN THE LAST GREAT DEPRESSION THE BANKERS FELT SOME REMORSE AND SOME EVEN HAD THE DECENCY TO JUMP OUT THE WINDOW….BUT THAT WAS YESTERDAYS BANKER ,TODAY’S BANKER IS DOING GOD’S WORK AND STILL EXPECTS A BONUS?!?!
I’m doing ‘God’s work’. Meet Mr Goldman Sachs
The Sunday Times gains unprecedented access to the world’s most powerful, and most secretive, investment bank
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6907681.ece
SO THESE GUYS WORSHIP A GOD THAT IS HEAVILY INVESTED IN THE FINANCIAL MARKETS?!?!?!?!
https://cuthulan.wordpress.com/2010/03/02/the-greatest-hoax-ever-abrahamic-monotheism-is-it-really-just-satanism/
THE LAST PERSON I KNOW THAT CLAIMED TO BE GOD’S BANKER WAS FOUND RITUALLY MURDERED AND HIS BODY LEFT HANGING UNDER BLACKFRIARS BRIDGE ……….. OR IS THIS JUST WISHFUL THINKING?
1982: ‘God’s banker’ found hanged
The body of a top Italian banker has been found hanging from Blackfriars Bridge in London.
Known as God’s banker for his links with the Vatican, 62-year-old Roberto Calvi was the chairman of Banco Ambrosiano in Milan and a central figure in a complex web of international fraud and intrigue.
He had been missing for the last nine days before his body was discovered by a passer-by hanging from scaffolding on a riverside walk under the bridge.
http://news.bbc.co.uk/onthisday/hi/dates/stories/june/19/newsid_3092000/3092625.stm
MEANWHILE……..
Wall Street is hardly humble. Its arrogance was evident in an email the Financial Times says is “pinging around trading desks. It reads in part:
“We are Wall Street. It’s our job to make money. Whether it’s a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn’t matter. We would trade baseball cards if it were profitable… Go ahead and continue to take us down, but you’re only going to hurt yourselves. What’s going to happen when we can’t find jobs on the Street anymore? Guess what: We’re going to take yours.
… We aren’t dinosaurs. We are smarter and more vicious than that, and we are going to survive.”
THE JOB I SUGGEST YOU TAKE OVER IS STREET SWEEPING ,AS YOU HAVE A LOT OF EXPERIENCE HANDLING LARGE AMOUNTS OF JUNK!!! (NO offence meant to the tireless individuals that keep our streets clean!)
MEANWHILE IN REALITY MR BANKER, IF THE RULES OF CAPITALISM WHERE APPLIED YOU WOULD BE UNEMPLOYED!
ACTUALLY TODAY YOUR ARE GETTING A STATE DOLE CHECK , AS THE BANK IS A STATE RUN ASSET ,YOU ARE A PUBLIC SERVANT AND YOUR MONEY COMES FROM THE TAXPAYER.
THE RBS(Royal Bank of Scotland) LOST 3 BILLIONS POUNDS BUT YOU BANKERS EXPECT A 1.3BILLION BONUS!!!!! PLEASE WHERE DO YOU FIND +1.3 BILLION FROM – 3 BILLION? FYI IN CAPITALISM IT HELPS IF YOU HAVE CAPITAL AND TO PAY A BONUS YOU NEED TO MAKE MONEY!!!
NO WONDER THE BANKING INDUSTRY IS IN THE STATE IT IS WITH FINANCIAL MUPPETS LIKE THESE!!!!
YOU GUYS HAVE LOST SO MUCH MONEY THE FIGURES WOULD MAKE AN ASTRO-PHYSICISTS HEAD SPIN!!
The gauntlet has been thrown down.
News Dissector Danny Schechters film and book will be released in April by Disinformation. For more information, Http://www.plunderhecrimeofourtime.com.
THE STATE CAPITALIST EXPERIMENT HAS FAILED (OR SUCCEEDED) BEYOND BELIEF .THE REAL FINANCIAL CRISIS IS STILL IN THE WINGS .THE 605 TRILLION DOLLAR DERIVITIVES MARKET.
THIS IS WHAT WILL BRING DOWN NATIONS…..OR THE BANKS ,IT IS YOUR CHOICE!!!
Trouble in Hedgefundistan: “Its gonna get a lot worse”
http://www.marketoracle.co.uk/Article1600.html
AND THE DERIVITIVES MARKETS STILL NEED A BAILOUT!!!
Bailout Secret- To Prevent $68 Trillion Derivatives Collapse Chain Reaction
http://www.marketoracle.co.uk/Article6495.html
A “derivative” market is one that is “derived” from an underlying asset, but participants don’t have to own the asset to play. Like gamblers at a race track, they can bet without owning a horse. Derivatives have now become a $605 trillion industry, about ten times the gross domestic product of all the countries of the world combined. This money is not contributing capital to businesses, helping the economy to grow. Rather, it is being diverted into wagers. Money is made by taking it from someone else.
Worse, half the wagers are negative: the players want the thing to fail. Warren Buffet called derivatives “financial weapons of mass destruction.” By massively short selling a stock or a currency, speculators can actually force the price down. Derivatives can be used to sabotage not only businesses but whole economies. Derivatives have been blamed for such economic disasters as the collapse of Japan’s stock market in 1987, the Asian crisis of 1998, and the recent collapse of Greece.
“But this is what rigged market capitalism is all about,” he says. “It’s not economics really. It’s arson. They bet against a company or a country and then burn it down.”
http://www.huffingtonpost.com/ellen-brown/will-hollywood-go-the-way_b_560379.html
STOCK MARKET MANIPULATION IS ALSO WIDESPREAD .THIS IS ALSO FRAUD AND SHOWS CONTROL FROM BEHIND THE SCENES…ALSO THE FED LIED ABOUT THE BAILOUT ,THAT’S WHY THEY WON’T LET THE TAXPAYER SEE WHO GOT WHAT!!!
Remember that bailout $700 Billion….Well it was actually $23.7 TRILLION and it still has NOT WORKED!!
FED GAVE Banks Access to 23.7 TRILLION DOLLARS NOT $700 Billion!
http://www.youtube.com/watch?v=lDJc0PZV-Bk
THE MARKETS ARE BEING MANIPULATED
Trader on Bloomberg says markets are manipulated and volumes ‘ficticious’.Not only are the new high tech/high speed transactions giving big banks an overwhelming trading advantage over retail investors, they’re also creating a false impression about the health of the stock market.
If your trades are slower than 50ms youre a dinosaur.
http://www.youtube.com/watch?v=g0U1vMUa2sc
COMPUTERIZED FRONT RUNNING: ANOTHER GOLDMAN-DOMINATED FRAUD
Ellen Brown, April 21st, 2010
http://www.webofdebt.com/articles/computerized_front_running.php
While the SEC is busy investigating Goldman Sachs, it might want to look into another Goldman-dominated fraud: computerized front running using high-frequency trading programs. Market commentators are fond of talking about “free market capitalism,” but according to Wall Street commentator Max Keiser, it is no more. It has morphed into what his TV co-host Stacy Herbert calls “rigged market capitalism”: all markets today are subject to manipulation for private gain.
Keiser isn’t just speculating about this. He claims to have invented one of the most widely used programs for doing the rigging. Not that that’s what he meant to invent. His patented program was designed to take the manipulation out of markets. It would do this by matching buyers with sellers automatically, eliminating “front running” – brokers buying or selling ahead of large orders coming in from their clients. The computer program was intended to remove the conflict of interest that exists when brokers who match buyers with sellers are also selling from their own accounts. But the program fell into the wrong hands and became the prototype for automated trading programs that actually facilitate front running.
Also called High Frequency Trading (HFT) or “black box trading,” automated program trading uses high-speed computers governed by complex algorithms (instructions to the computer) to analyze data and transact orders in massive quantities at very high speeds. Like the poker player peeking in a mirror to see his opponent’s cards, HFT allows the program trader to peek at major incoming orders and jump in front of them to skim profits off the top. And these large institutional orders are our money — our pension funds, mutual funds, and 401Ks.
When “market making” (matching buyers with sellers) was done strictly by human brokers on the floor of the stock exchange, manipulations and front running were possible but were against the rules, which were strictly enforced. Front running by computer, using complex trading programs, is an entirely different species of fraud. A minor potential for cheating has morphed into a monster. Keiser maintains that computerized front running with HFT has become the principal business of Wall Street and the primary force driving most of the volume on exchanges, contributing not only to a large portion of trading profits but to the manipulation of markets for economic and political ends.
http://www.webofdebt.com/articles/computerized_front_running.php
Goldman earns $3.3b in Q1 as fraud case looms The Times of India 2010-04-20
NEW YORK: Goldman Sachs Group Inc. said on Tuesday its first-quarter earnings almost doubled to $3.3 billion as its trading business again surpassed the rest of the financial industry. It was a bit of good news for the bank as it faces a government civil fraud charge
http://article.wn.com/view/2010/04/20/Goldman_earns_33b_in_Q1_as_fraud_case_looms/
SO WHY THE BAILOUT INSTEAD OF A DEFAULT?
The Ulterior Motive Behind the Greek Bailout
Politics / Global Debt Crisis
May 04, 2010 – 07:37 AM
By: Sol_Palha
So who are they protecting, the answer is simple; the bond holders. Roughly, 80% of this debt is foreign owned and a large portion of this is held by German and French Citizens. Bottom line this rescue package is not for Greece, but it’s a rescue for Greek bond holders worldwide. If Greece were to default tomorrow, it would not disappear, but its debt holders would be seriously hurt. Thus behind all this noise one must understand that the main reason for the bailout is to protect the bondholders; the exact same story unfolded in the US, the only difference being that it was a bailout of the banking industry. As the Germans and French hold a very large percentage of these bonds, it is actually a bailout of Germany and France and not really Greece. They should let Greece’s default but they will not.
ARGENTINA DEFAULTED ON ITS DEBT IN 2001 ,ITS DOING BETTER THAN EVER TODAY
Even though Argentina defaulted on its debt, it is still around. Yes it did pay the price initially by being shut out of the global capital markets for years, but it did not vanish and only its foreign debt holders lost.
http://www.marketoracle.co.uk/Article19180.html
A DEFAULT ONLY EFFECTS THE PRIVATE INVESTORS ,NOT THE POPULATION.
ARGENTINA’S SOLUTION DIRECT DEMOCRACY AND LIBERTARIAN IDEALS FREES THE ARGENTINE PEOPLE OF DEBT
After the non-violent collapse of the Argentinean government in 2001/2002, the social and economic organization of Argentina has undergone major changes, though how important these changes are remains to be seen. Worker occupations of factories and popular assemblies have both been seen functioning in Argentina, and both are the kind of action endorsed by anarchists: the first is a case of direct action and the latter a case of direct democracy. Approximately 200 “recovered” factories (fábricas recuperadas) are now self-managed and collectively owned by workers. In the large majority of them, pay is completely egalitarian; generally no professional managers are employed, or managers are collectively controlled in the other cases. These co-operatives have organised themselves into networks. Solidarity and support from external groups such as neighborhood assemblies and unemployed (piquetero) groups have often been important for the survival of these factories. Similar developments have taken place in Brazil and Uruguay.[6] In 2004, Avi Lewis and Naomi Klein (author of No Logo) released the documentary The Take, which is about these events.
TODAY ARGENTINA HAS ECONOMICALLY GROWN AND HAS BECOME SOCIALLY LIBERATED ENDING THE FAKE WAR ON DRUGS
Argentina and Mexico have taken significant steps towards decriminalising drugs amid a growing Latin American backlash against the US-sponsored “war on drugs”.
Argentina’s supreme court has ruled it unconstitutional to punish people for using marijuana for personal consumption, an eagerly awaited judgment that gave the government the green light to push for further liberalisation.
SO WHY WE ARE PROTECTING THE BOND HOLDERS AND GOLDMAN SACHS AGAIN.
Greek Bondholders “Fooled” or Goldman Sachs Committing Fraud?
Today, she questions why Bloomberg prefers to only discuss the Goldman Sachs-Greece cross currency swaps subterfuge as a sort of foolishness, rather than taking a much more serious tone.
Smith takes Bloomberg to task for using “fooled” when “more obvious F-words, like ‘Fraud’ (as in defrauded) or ‘fleeced’” should have been considered. Then, she digs into her banking experience to relate how to her it seems nearly impossible that Goldman wouldn’t know the nature and extent of the Greek swaps contracts when the bond offering was issued.
http://dailyreckoning.com/greek-bondholders-fooled-or-goldman-sachs-committing-fraud/
SO IS IT GREEK GOVERNMENT CORRUPTION THAT IS CAUSING THE SELLOUT OF THE GREEK PEOPLE? OR IS THE GREEK GOVERNMENT BEING THREATENED OR BLACKMAILED OR BRIBED?
POLAND’S GOVERNMENT SAID NO TO THE IMF AND THE EURO AND GOLDMAN SACHS ,…..THEY ARE DEAD NOW….COINCIDENCE?
Did The Global Elite Assassinate Poland President Lech Kaczynski?
April 13, 2010 by Infowars Ireland
Damian Thompson, writing for the Daily Telegraph, says there will be plenty of conspiracy theories floating around cyberspace in response to the death of Polish president Lech Kaczynski and a large number of Polish VIPs in a plane crash last week.
He missed one: the international bankster cartel. Not only did Poland decline to be a victim of the bankster loan sharking operation, Poland’s central bank had the audacity to offer the IMF a loan to
“help other countries overcome the effects of the global crisis,” the AFP reported on March 29, 2010.
Poland was the only member of the 27-nation European Union to have experienced growth in 2009 and the IMF forecast that its economy would expand by 2.75 percent this year and by 3.25 percent in 2011. Poland’s zloty grew by 1.7 percent in 2009, a remarkable feat given that European Union countries contracted by an average of 4.1 percent and no other EU economy grew at all. “Poland avoided eastern Europe’s worst lending binges. Kaczynski frustrated some of his opponents by being in no rush to head towards the euro party,” the Daily Telegraph reports today.
Earlier this month, Czech Central Bank Vice Deputy Mojmir Hampl said the IMF fueled Eastern Europe’s crisis to create a situation that would compel regional states to request the help from the globalist loan sharking operation. “He said that the institution, which offered emergency funds for Hungary,Lithuania, Ukraine and Romania, misinterpreted some data because they are looking for new clients as the leadership changed,” HotNews reported.
Indeed, the leadership has now changed in Poland and it looks like a pro-euro political leader may replace Kaczynski. “Polish Prime Minister Donald Tusk’s pro-euro Civic Platform party is likely to cement its grip on power in a presidential election that must now be held by June after President Lech Kaczynski died in a plane crash,” reports Bloomberg today.
Kaczynski resisted Tusk’s effort to accept adopting the euro. “Kaczynski, who over the past three years had tried to block government efforts to overhaul Poland’s debt-ridden healthcare and pension systems, was also the last EU leader besides Vaclav Klaus of the Czech Republic to sign the Lisbon Treaty, and opposed Tusk’s euro adoption goal.”
In addition, Kaczynski placed a euro-skeptic ally in charge of the central bank, Slawomir Skrzypek, who was also killed in the crash. It looks like Poland may soon join the EU Borg hive with open arms.
http://info-wars.org/2010/04/13/did-the-global-elite-assassinate-poland-president-lech-kaczynski/
CFR, Trilateral Commission Member to Replace Poland’s Kaczynski?
April 15, 2010 by Infowars Ireland
Kurt Nimmo
Infowars.com
April 14, 2010
BusinessWeek reported yesterday that Andrzej Olechowski will enter a presidential race in Poland to replace Lech Kaczynski.
“The Polish Peasants’ Party, the junior partner in the governing coalition, will probably nominate its leader, Economy Minister Waldemar Pawlak, and Andrzej Olechowski, a former foreign minister and finance minister, will run as an independent,” it is reported.
Odds on Andrzej Olechowski. He is a member of the Council on Foreign Relations and the Trilateral Commission. He was also an economist for the World Bank.
He also appears to work closely with the banksters: Olechowski sat on the supervisory boards of a number of European banks and corporations. Most notably he was on the advisory board of Goldman Sachs (see this biography on Olechowski’s personal home page; in Polish).
I am not saying Lech Kaczynski was killed in order for a one-worlder to take his place. I am saying that it is an opportunity for another bankster minion to rule a country that seemed to be at odds with the European Union and the one-world project.
http://info-wars.org/2010/04/15/cfr-trilateral-commission-member-to-replace-poland%e2%80%99s-kaczynski/
FYI IF POLAND WAS A DIRECT DEMOCRACY , THIS “PLANE CRASH” WOULD NOT EFFECT THE EXECUTIVE ,AS THE EXECUTIVE ARE THE PEOPLE!!!
IN ICELAND GOLDMAN SACHS AND THE UK AND DUTCH TRIED TO MAKE THE ICELANDIC TAXPAYER PICK UP THE 40 BILLION EURO DEBT!! BY BRIBES AND THREATS TO THE ICELANDIC GOVERNMENT!!
Over 40 billion euro in 28167 claims made aganst the Kaupthing Bank, 23 Jan 2010
This document contains a list of 28167 claims, totaling over 40 billion euro, lodged against the failed Icelandic bank Kaupthing Bank hf. The document is significant because it reveals billions in cash, bonds and other property held with Kaupthing by a vast number of investors and asset hiders, including Goldman Sachs, Deutsche Bank, Credit Suisse, Morgan Stanly, Exista, Barclays, Commerzbank AG, etc. It was confidentially made available to claimants by the Kaupthing Winding-up committee
http://file.wikileaks.org/files/kaupthing-claims.pdf
THE ICELANDIC GOVERNMENT (ELECTED DICTATORSHIP) WHERE MORE THAN HAPPY TO SELL THIER CITIZENS INTO DEBT SLAVERY.LUCKILY REAL DIRECT DEMOCRACY LIVES IN ICELAND AND THE PEOPLE SAID NO!!!
No matter what reasonable and respected voices had to say on the matter. The government opposed the idea of a direct democratic decision.
Until the last minute the government had tried to discourage the voters from voting. The Prime Minister and the Minister of Finance both said they would not participate in the referendum. They saw it as a “waste of money” and a “farce”.
The Icelandic referendum, the voice of the people against the blackmailing power of the international financial elites might now have become precedent for other countries in similar situations.
What the bankers seem to fear above all things is a direct democracy in financial matters.
And no doubt that´s quite a reasonable fear, for such a democracy would lead to more and more people getting informed about financial matters and the money-creation process itself.
The knowledge about this process coupled with the instruments of a direct democracy would lead eventually and without any doubt to a monetary reform and a loss of power for the international bankers.
SO THE “SECURITY” SERVICES NOW GO AFTER THE FREE PEOPLE!!! WELCOME TO THE NEW WORLD ORDER POLICE STATE !!
WikiLeaks has probably produced more scoops in its short life than the Washington Post has in the past 30 years ”
— The National, November 19, 2009
Over the last few years, WikiLeaks has been the subject of hostile acts by security organizations. In the developing world, these range from the appalling assassination of two related human rights lawyers in Nairobi last March (an armed attack on my compound there in 2007 is still unattributed) to an unsuccessful mass attack by Chinese computers on our servers in Stockholm, after we published photos of murders in Tibet. In the West this has ranged from the overt, the head of Germany’s foreign intelligence service, the BND, threatening to prosecute us unless we removed a report on CIA activity in Kosovo, to the covert, to an ambush by a “James Bond” character in a Luxembourg car park, an event that ended with a mere “we think it would be in your interest to…”.
Developing world violence aside, we’ve become used to the level of security service interest in us and have established procedures to ignore that interest.But the increase in surveillance activities this last month, in a time when we are barely publishing due to fundraising, are excessive.
The spying includes attempted covert following, photographng, filming and the overt detention & questioning of a WikiLeaks’ volunteer in Iceland on Monday night. I, and others were in Iceland to advise Icelandic parliamentarians on the Icelandic Modern Media Initiative, a new package of laws designed to protect investigative journalists and internet services from spying and censorship. As such, the spying has an extra poignancy.
http://www.wikileaks.com/
SO MUCH FOR A FREE PRESS AND FREEDOM OF SPEACH IN A REPRESENTATIVE DEMOCRACY !!!
BUT THIS “SECURITY” SERVICE RESPONSE IS INEFFECTIVE AND IT WILL NOT WORK AGAINST TRUE FREEDOM LOVING PEOPLE!! BUT do YOU still feel clever and classless and free?
IN THE UK ,USA AND EU WE HAVE AN ELECTED DICTATORSHIP SO NO VOTE FOR THE COMMON MAN , YOU WILL BE SOLD INTO DEBT SLAVERY BY CORRUPT ,BRIBED AND BLACKMAILED GOVERNMENT REPRESENTATIVES!!!
EU approves $560B crisis fund for Europe
(CNN) — Europe’s finance ministers approved in an emergency meeting late Sunday a “stabilization mechanism” that could provide at least 440 billion euros (US $560 billion) for a crisis aid package aimed at ensuring financial stability across Europe. The deal comes after a week of heavy stock market losses for some of the European Union’s member states in the wake of a massive bailout for Greece’s battered economy.
http://edition.cnn.com/2010/WORLD/europe/05/09/greece/index.html
ROMANIA’S GOVERNMENT (REPRESENTATIVE DEMOCRACY) SELL THE POPULATION INTO DEBT SLAVERY ,SO PRIVATE BOND HOLDERS CAN KEEP THE LIFESTYLE THEY ARE ACCUSTOMMED TOO.
Romania to cut wages and pensions
Romania is to cut wages and pensions in the public sector later this year to comply with an IMF-led rescue deal.
Public sector wages will be cut by 25% and all salaries, including the minimum one, will be affected. Jobless benefits and pensions will be slashed by 15%
http://news.bbc.co.uk/2/hi/business/10101468.stm
THE EUROPEAN TAXPAYER IS NOT RESPONSIBLE FOR THE DEBT OF A CORRUPT AND FRAUDULENT PRIVATE INVESTMENT BANK AND THIER PRIVATE BOND HOLDERS AND THIER BRIBED AND BLACKMAILED POLITICAL REPRESENTATIVES!!!!!!
IF THE NATIONAL DEBT IS FRAUDULANT THEN ITS NULL AND VOID!! THE FACT THAT THE EUROPEAN GOVERNMENT ARE NOT FOLLOWING THIS PATH SUGGESTS THEY ARE CORRUPT , BRIBED OR BLACKMAILED
MEANWHILE THIS IS HOW CAPITALISM IS SUPPOSED TO WORK
1.Availability of credit allows money to flow between savers and borrowers.
2.Resources and funds are allocated to various projects or investments during a boom phase.
3.Eventually borrowing becomes excessive and leads to malinvestment,
4.At this stage, adherence to free market theory would allow for an efficient cleansing period and a healthy recovery period. How? Irresponsible and unprofitable businesses fail. Bad debts get liquidated. Excess resources go on sale, flow into more stable ventures and pool together with more profitable resources controlled by healthy corporations or entities
http://www.marketoracle.co.uk/Article6497.html
SO GOLDMAN SACHS AND BAILOUT BUDDIES ,YOU ARE IRRESPONSIBLE AND UNPROFITABLE AND YOU GET LIQUIDATED AND YOUR ASSETS GO ON SALE. THE TAXPAYER IS NOT LEGALLY OR MORALLY RESPONSIBLE FOR PAYING THIS DEBT!!!!
SOLUTION FOR GREECE ,DEFAULT TODAY!!! (and the other PIGS Spain ,Portgual and Ireland and Romania)
IF THE DEBT IS FRAUD THEN DECLARE IT ILLEGAL AND PUT GOLDMAN SACHS IN COURT AGAIN!!!!!
In November 2008, Ecuador became the first country to undertake an examination of the legitimacy and structure of its foreign debt. An independent debt audit commissioned by the government of Ecuador documented hundreds of allegations of irregularity, illegality, and illegitimacy in contracts of debt to predatory international lenders. The loans, according to the report, violated Ecuador’s domestic laws, US Securities and Exchange Commission regulations, and general principles of international law. Ecuador’s use of legitimacy as a legal argument for defaulting set a major precedent; indeed, the formation of a debt auditing commission sets a precedent.
http://www.projectcensored.org/top-stories/articles/10-ecuador-declares-foreign-debt-illegitimate/
THE SOLUTION IS VERY SIMPLE
DEFAULT TODAY ,LET THE BANK DIE ,NOT THE PEOPLE BE ENSLAVED.
The bankers made this debt like hopless and crooked casino gamblers ,so it was thier risk and thier profit or loss. NOT THE TAXPYERS !! AND you should NOT gamble what you cannot afford to loose ,if you have, I suggest this is neither the brightest or best thing to have done! It is NOT responsible nor in the end profitable either BUT Bankers seem to be rich and own thier own homes so unemployment should not be a hardship and they seem MORE LIKELY to be able to PAY the debt THEY CREATED with the liquidation of thier assets.
OR
We keep bankers and politions in the lifestyle they have become accustomed too, and sell ourselves and our children into debt slavery.
YOUR CHOICE
WE HAVE BEEN HERE BEFORE , PLEASE TAKE ANDREW JACKSONS ADVICE!
“Never take counsel of your fears.”
The Jacksonians opposed government granted monopolies to banks, especially the national bank, which was a central bank known as the Second Bank of the United States. Jackson fought to end the government monopoly to the Bank and got great opposition from Nicholas Biddle, the bank chairman. Biddle first dismissed Jackson efforts, but as the initiative gained popular support, he got more concerned. There was an attempt to murder Jackson at that time but the pistols failed. Jackson would later claim that he had proof the bankers were behind this attempt. Jackson was able to gain popular support because the Bank money manipulations and inflation had created a big recession, and it had inflated land prices, benefiting big land owners and stopping economical development. In a last attempt to stop Jackson, Biddle burst the bubble his inflationary policies had created, and brought about a deflationary correction. This put pressure on Jackson, but after a year of recession, the economy was clean by the deflationary correction, and the Bank was out of “ammunition”. Jackson had won the battle. The Bank continued his operations as a state bank, but had to close years after. Once retired, everytime Jackson was asked what was his biggest achievement as president he answered: “I killed the Bank”.
http://en.wikipedia.org/wiki/Jacksonian_democracy
ANDREW JACKSON was the ONE president that CLEARED AMERICAN DEBT ,when faced with financial ruin How did he manage it?
“The Bank is trying to kill me, but I shall kill it!”
ANDREW JACKSONS VIEW OF THE BANKS….NO BAILOUT.
“You are a nest of vipers and thieves, and by the grace of the almighty God, I will root you out!”
ANDREW JACKSON’S VIEW ON CORPORATIONS
Corporations have neither bodies to kick nor souls to damn.
ANDREW JACKSONS VIEW ON THE BRIGHTEST AND THE BEST
Hemans gallows ought to be the fate of all such ambitious men who would involve their country in civil wars, and all the evils in its train that they might reign & ride on its whirlwinds & direct the Storm– The free people of these United States have spoken, and consigned these wicked demagogues to their proper doom.
SO TODAY’S WHO ,HOW, AND WHY ARE STILL THE SAME PEOPLE ,USING THE SAME TOOLS AND FOR THE SAME REASONS. THEY DO NOT SOUND LIKE THE BRIGHTEST AND BEST TO ME……..
WHO– The Wall Street bankers and the Alphabet soup of Evil (IMF,FRB ,FRC ,HLS,CIA ,FBI ,NSA , MI5 , IRS, NWO ,World Bank , Trilateral Commision ,Bilderbergers , Rothchild and Rockefellar )
HOW – Economic Arson ,Media Lies and War.
WHY – To bring on Global Government
IN REALITY THIS IS PURELY A BANKER PLANNED PROBLEM, NOT A TAXPAYERS OR GOVERNMENTS PROBLEM. IT HAS BEEN MANUFACTURED BY CONSPIRACY AND INCOMPITENCE AND FUELLED BY NAKED GREED AND POLITICAL CORRUPTION!!!
THERE IS NO REAL DEBT
THE MONEY NEVER EXISTED IN THE FIRST PLACE ,THE BANK PRINTED IT OUT OF THIN AIR.
OUR GOVERNMENTS ARE JUST TRYING TO SELL US ALL INTO DEBT SLAVERY FOR LIFE!!!
IT IS NOT THE FIRST TIME THEY HAVE TRIED THIS
PROTEST AND SURVIVE
RESIST OR SERVE!!!!
ITS YOUR CHOICE ,FREEDOM IS, AS FREEDOM DOES AND WE HAVE BEATEN THEM BEFORE ,WE CAN BEAT THEM AGAIN. THEY ARE PAPER TIGERS ,IF THEY WHERE REAL TIGERS WE WOULD ALL OF BEEN ENSLAVED LONG AGO. ITS TIME TO MAKE THEM REALISE THEY HAVE AWOKEN A SLEEPING GIANT!!!
YOU ARE FREE UNTIL SOMEONE PHYSICALLY TRIES TO STOP YOU FROM BEING FREE , THE GOVERNMENT IS SUPPOSED TO BE YOUR PUBLIC SERVANT ,YOU ARE THE TAXPAY MASTER. START BEHAVING LIKE IT!!!
ITS TIME TO GIVE THE PUBLIC SERVANTS A GOOD HORSE WHIPPING AND DRIVE THEM OUT OF YOUR HOME , AS THEY HAVE BEEN STEALING THE FAMILY SILVER AND MAKING US SLEEP IN THE SERVANTS QUATERS ,WHILE WE PAY FOR THIER LAVISH LIFESTYLE ? …AND NOW THEY WANT TO SELL OUR CHILDREN INTO SLAVERY TO PAY FOR THIER DEBTS!!!
A DIRECT DEMOCRACY WOULD END THE FINANCIAL AND BANKING CRISIS STONE DEAD!!!!!!
WE CAN ALL BE DEBT FREE TOMORROW!!!
The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin . . . Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of a pen, they will create enough money to buy it back again . . . Take this great power away from them, and all great fortunes like mine will disappear, for then this would be a better and happier world to live in. . . . But, if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.
– Sir Josiah Stamp, Director of the Bank of England, 1927
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
Thomas Jefferson
ARE YOU NOT ANGRY YET?
“All government, of course, is against liberty. The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. Most people want security in this world, not liberty.”
“The most dangerous man to any government is the man who is able to think things out… without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable. It doesn’t take a majority to make a rebellion; it takes only a few determined leaders and a sound cause.”
“Whether the mask is labeled Fascism, Democracy, or Dictatorship or the Proletariat, our great adversary remains the Apparatus-the bureaucracy, the police, the military…. No matter what the circumstances, the worst betrayal will always be to subordinate ourselves to this Apparatus, and to trample underfoot, in its service, all human values in ourselves and in others.”– The French worker philosopher Simone Weil,1945
SHUTDOWN THE FRAUDULENT AND CORRUPT BANKS TODAY ,AUDIT THEM AND SIEZE THIER ASSETS!!!!!
IN THE USA AN ENVIRONMENTAL DISASTER IS TAKING PLACE . THERE IS A CALL TO SIEZE BP’S ASSETS UNTIL THE MESS IS CLEARED UP AND PAID FOR!!!
<a title=”Seize BP Campaign” href=”http://www.SeizeBP.org”><img style=”border:none; margin:20px;” src=”http://answer.pephost.org/images/content/pagebuilder/63335.jpg” border=”0″ alt=”Seize BP Petition button” width=”186″ height=”233″ /></a>
http://www.pephost.org/site/PageServer?pagename=SeizeBP
WHY ARE WE NOT DOING THE SAME TO THE BANKS WHEN THEY ARE RESPONSIBLE FOR A FINANCIAL DISASTER?!?! These Banks still hold many valuable assets ,they just do NOT want to sell them to pay for THIER debts. Maybe because these assets are owned by Goldman Sachs and Bailout buddies
THE REVOLUTION WILL NOT BE TELEVISED BUT ARGENTINA , ICELAND ,THIALAND AND GREECE ARE SHOWING US THE WAY………..
REAL POLITIK IS LIBERTARIAN VERSUS AUTHORITARIAN
https://cuthulan.wordpress.com/2009/11/04/libertarian-vs-authoritarian-todays-real-politic/
HIDDEN HISTORY
https://cuthulan.wordpress.com/2009/09/02/a-short-history-of-global-domination-or-rockefella-rothschild-and-the-capitalist-communist-nwo-con/
PROPAGANDA
https://cuthulan.wordpress.com/2010/04/05/subliminals-from-criminals-and-the-peephole-for-the-people-msm-vs-wikileaks-the-fight-is-on/
https://cuthulan.wordpress.com/2010/03/11/elected-dictatorship-posing-as-democracy/
https://cuthulan.wordpress.com/2009/12/28/alternative-viewing-for-the-new-year/
ECONOMIC COLLAPSE
https://cuthulan.wordpress.com/2010/02/08/is-the-us-already-bankrupt-and-trading-in-fake-gold/
GOVERNMENT TERRORISM
https://cuthulan.wordpress.com/2009/09/02/governments-traitors-terrorists-and-drug-dealers/
THE HIDDEN HISTORY OF THE FEDERAL RESERVE
https://cuthulan.wordpress.com/2009/09/03/the-record-of-the-federal-reserve/
YOU WANT TO BE A DEBTOR SLAVE ,KEEP OBEYING THE GOVERNMENT AND BAILING OUT BANKERS
IF YOU TOLERATE THIS ,THEN YOUR CHILDREN WILL BE NEXT!!
QUESTION EVERYTHING ,TRUTH CAN HANDLE AWKWARD QUESTIONS!
VIOLENCE BREEDS VIOLENCE
EDUCATION BREEDS UNDERSTANDING
AND THE TRUTH WILL SET YOU FREE!!
(the truth is you always where free)
Posted by cuthulan 
Cuthulan's Blog 
