STOP THE FASCIST BUSINESS MODEL.STOP THE BANKER BAILOUTS AND IMPLEMENTING THE AUSTERITY MEASURES
A WORD FROM OUR FINANCIAL SPONCERS
Financial Spokesperson No.1
“ROOLS?!?! We don’t need no stinkin ROOLS!!!”
Financial Spokesperson No.2
“OK everybody , just give us the money and no-one will get hurt!!!”
These bankers are CRIMINALS!! Lets not beat around the bush here. WE KNOW they where involved in FRAUD AND COUNTERFEITING and are also trying to illegally foreclose on peoples mortgages that they no longer own, which is just plain theft as well as conspiracy to defraud!
Sweeping evidence of mortgage fraud was outlined in the 98-page presentation complete with copies of alleged forged signatures, false notarizations, bogus witnesses and improper mortgage assignments. Examples of alleged fraud and missteps made during the securitization process by major financial institutions when they wrote, packaged, and sold mortgages during the boom years was also provided.
ECUADOR DEFAULTED AFTER FINDING ITS DEBT WAS ILLEGAL
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.
ICELAND JUST ARRESTED THE BANKERS FOR FRAUD AND COUNTERFEITING AND EMBEZZELMENT. THEY EVEN ARRESTED THIER PRIME MINISTER!…BUT THAT’S DIRECT DEMOCRACY FOR YOU!
Iceland: Int’l Arrest Warrant Against Top Bank Official
by Lowana Veal (reykjavik)Wednesday, May 12, 2010
Inter Press Service
Vigorously pursuing those allegedly responsible for Iceland’s 2008 financial crisis, investigators have got issued an international arrest warrant against Sigurdur Einarsson, chairman of the board of governors of the failed Kaupthing Bank.
An Interpol notice on Tuesday said Einarsson was wanted on charges of counterfeiting, forgery and fraud.
Einarsson, who lives in London, was said to be reluctant to come to Reykjavik for fear of being arrested and Icelandic authorities have refused to offer any assurances.
Yet another day of Iceland banking arrests
Posted on11 May 2010.
Ingolfur Helgason, the former Director of Kaupthing Iceland, and Steingrimur Karason, former CEO of the bank’s risk management department, were both arrested today upon arriving back in Iceland. They went straight to interrogation with the Special Prosecutor and are being held in police cells.
Bankers jailed, sued as Iceland seeks culprits for crisis
Since Iceland’s three largest banks — Kaupthing, Landsbanki and Glitnir — collapsed in late 2008, their former executives and owners have largely been living untroubled lives abroad.
But the publication last month of a parliamentary inquiry into the island nation’s profound financial and economic crisis signaled a turning of the tide, laying much of the blame for the downfall on the former bank heads who had taken “inappropriate loans from the banks” they worked for.
On Wednesday, the administrators of Glitnir’s liquidation announced they had filed a two-billion-dollar (1.6-billion-euro) lawsuit in a New York court against former large shareholders and executives for alleged fraud.
A LESSON FOR THE BRIGHTEST AND THE BEST. FREE MARKET CAPITALISM EXPLAINED its not that difficult , so you see we do not need the brightest and the best.
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
NEWSFLASH , UK ,USA BANKS FOUND TO BE UNPROFITABLE AND IRRESPONSIBLE . THEREFORE YOU GET ASSET STRIPPED AND REPLACED BY RESPONSIBLE AND PROFITABLE BUSINESS MODELS!!
These bankers are UNPROFITABLE IN THE MARKET PLACE!! By thier own standards they should of been wiped out of the market place ,thier assets stripped ,thier bond holders recieving pennies on the pound. For some reason they believe the taxpayer is duty bound to pick up THIER DEBTS and to keep paying them bonues, while they keep loosing us more money!! Even if this policy had any merit or even a snowballs chance in hell of working, WHO WOULD PUT THIER MONEY INTO A FINANCIAL INSTITUTION WITH A TRACK RECORD OF BANKRUPTCY , FRAUD , COUNTERFIETING, INSIDER TRADING ,FORGERY AND CONSPIRACY TO DEFRAUD?!?
OH , I KNOW ,ITS US ISN’T IT! The government will just make it illegal to pay wages outside the banking industry.A cashless society is still on the cards , but it might be a different version of a cashless society that was originally envisioned!!
IF you have any money sitting in a bank REMOVE IT TODAY!!
Expect more riots and higher taxes and less services in 2011 as austerity measures to save the CRIMINAL bankers start to bite hard in the UK and Europe. The FASCIST business model has arrived in the UK and Europe again! Welcome to State Capitalism
State capitalism has various different meanings, but is usually described as a society wherein the productive forces are controlled and directed by the state in a capitalist manner, even if such a state calls itself socialist. Corporatized state agencies and states that own controlling shares of publicly-listed firms, and thus acting as a capitalist itself, are two examples of state capitalism
OF COURSE THIS IS JUST FASCISM!!
Fascism should more appropriately be called corporatism because it is the merger of state and corporate power.
Benito Mussolini, fascist dictator of Italy (1922-1943)
BUT MAYBE CORPORATE FASCISM WAS THE PLAN ALL ALONG!!
Alan Greenspan admits that it was all a scam and fraud……
As the banks of Europe began to feel the major losses from the fraud, they turned to their local governments for financial assistance. In turn, those governments were forced to apply for loans from the International Monetary Fund, plunging their people deeper into debt, and the governments under the control of the private bankers! Indeed one must wonder if this multinational financial fraud had as its ultimate objective the forcing of the entire western world under the control of a giant private bank!.
THE LOOTING CONTINUES BUT THERE IS STILL NO RECOVERY
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!
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.
THE BAILOUT DID NOT WORK , DEBT IS STILL RISING
The Senate voted on December 24 to allow the federal government to borrow an additional $290 billion, thereby increasing the total federal debt from $12.1 trillion to about $12.4 trillion.
WASHINGTON (Reuters) – The U.S. Senate Thursday voted narrowly to increase the government’s borrowing authority to $14.3 trillion, which would allow the Treasury Department to continue servicing the country’s spiraling national debt through most of 2010.
US AND UK BUSINESSES ARE STILL DEVALUING!!!!!
Britain’s banks have been downgraded as credit risks by ratings agency Standard and Poors. This means they are no longer regarded as among the safest bets in the world.
General Electric lost its top credit rating from Moody’s Investors Service on Monday because of higher risks at the conglomerate’s struggling GE Capital lending unit.
US Banks Reporting Phantom Income on $1.4 Trillion Delinquent Mortgages
The giant US banks have been bailed out again from huge potential writeoffs by loosey-goosey accounting accepted by the accounting profession and the regulators.
They are allowed to accrue interest on non-performing mortgages ” until the actual foreclosure takes place, which on average takes about 16 months
Tim Geithner Says The United States Is Insolvent
The U.S. government is insolvent. Who says so? Timothy F. Geithner, the U.S. Secretary of the Treasury. Geithner sent a letter to Congress on Jan. 6, 2011 asking for the debt limit to be raised. If it is not raised, he warned, the U.S. will default on its debt.
“Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States.”
(Reuters) – To hear a number of prominent economists tell it, it doesn’t look good for the U.S. economy, not this year, not in 10 years.
“The age of American predominance is over,” he told a panel. “The (Chinese) Yuan will be the world’s reserve currency within two decades.”
DO NOT BUY A HOUSE IN THE UK OR EUROPE FOR THE NEXT FEW YEARS. HOUSING IS STILL HOPELESSLY OVERPRICED FOR THE CURRENT MARKET AND WILL ONLY KEEP REDUCING AS LESS AND LESS PEOPLE HAVE GOOD PAYING JOBS.
UK housing market set for a fall, IMF warns
The fund, in its half-yearly World Economic Outlook, said it was ‘worrisome’ that UK property prices still remained so expensive
Britain is the worst place to live in Europe ,and thanks to unionism ,Scotland is the worst place to live in the UK!!
December house prices fall faster than forecast
House prices fell at their fastest annual rate in more than a year in December, mortgage lender Halifax said on Monday, but it reckons there will be little movement in house prices in the coming year. The Halifax house price index fell 1.3 percent last month, after a 0.2 percent fall in November. That took house prices in the three months to December down 1.6 percent compared with a year ago — the biggest fall since November 2009.
Prices were 3.4 percent lower in December compared with a year ago, taking the average price of a home to 162,435 pounds, according to Halifax.
The Double Dip In Housing is Almost Here…
WHY DO WE HAVE A FEDERAL RESERVE (CENTRAL BANKING SYSTEM) AND WHAT IS IT SUPPOSED TO ACHIEVE?
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:
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?!?!
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.
The United States Federal Reserve System was created in 1913. The stated purpose of the Fed, by the definition taken from its own website, is to “conduct the nation’s monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices.”
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.
ITS BEEN A COMPLETE FAILURE THEN , SO WHY DO WE NOT JUST DISBAND THIS FRAUDULENT SYSYTEM?
STOP THE BAILOUTS , STOP THE ILLEGAL WARS AND YOU WILL FIND WE HAVE PLENTY OF MONEY TO EDUCATE OUR YOUTHS , HEAL OUR SICK AND GIVE OUR ELDERLY DIGNITY IN THIER TWILIGHT YEARS AND KEEP THE COUNTRIES INFRASTRUCTURE IN GREAT SHAPE.
BUT instead we spent it all and more , on a large pile of dead and mutilated bodies , and increased domestic and international terrorism and to keep unprofitable and irresponsible and CRIMINAL BANKERS in the lifestyle they have become accustommed too!!!!
While we continue with this policy ,we will see more dead and mutilated bodies , more terrorism ,more riots in the streets ,falling house prices ,poverty increasing , education decreasing , elderly dying needlessly and more tax and less services…..or “recovery” as politions call it!
BUT AT LEAST THE BANKERS ,POLITIONS AND THIER LOBBY GROUP PAYMASTERS WILL BE ALRIGHT!!!
WE HAVE BEEN HERE BEFORE ,HERE IS THE SIMPLE SOLUTION
“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”.
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.
END THE BAILOUT DEFAULT TODAY
PROTEST EVERY AUSTERITY MEASURE, BE PREPARED TO DEFEND YOURSELF FROM STATE SPONSERED THUGS AND MURDERERS (POLICE).
DEMAND THE BAILOUT STOPS AND DEFAULTS BEGIN. ASSET STRIP THE CRIMINAL BANKS , ARREST THE CRIMINAL BANKERS AND STRIP THEM OF THIER ILLEGALLY GAINS ASSETS
IN SCOTLAND RE-LAUNCH THE BANKRUPTED “BANK OF SCOTLAND” AS A STATE OWNED BANK THAT PRINTS ITS OWN DEBT FREE MONEY ,BACKED BY OIL AND GOLD RESERVES!!
DEMAND DIRECT DEMOCRACY, EUROPE IS BURNING BECAUSE OF REPRESENTATIVE DEMOCRACY AND ITS GOVERNMENT
IMHO LIBERTARIAN SOCIALISM IS THE POLITICAL SOLUTION FOR A DIRECT DEMOCRACY
“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
History was begun in mythology by an act of disobedience , it may well end in reality with an act of obedience.
Its is humanities diversity that will save us
It is humanities conformity that will kill us!
HUMANITY UNITED IN DIVERSITY!!!