Bank Corruption and Fraud,the Who ,the How and the Why and the Simple Solution!

May 9, 2010

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)

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Its Official the Economy will Recover…..When PIGS Fly!

February 25, 2010

DUMB,DUMB,DUMB,DUMB,DUMB,DUMB,DUMB,DUMB, DUMB,DUMB,DUMB,DUMB,DUMB,DUMB,DUMB,DUMB
FLASH   AAAAAAAHHHHHHH!!
HE’S SCREWED EVERYONE OF US
FLASH GORDON BROWN SAVIOUR OF THE FINACIAL UNIVERSE
“Flash! We only have 8 hours to save the banking world”
CRY HAVOC AND UNLEASH THE PIGS OF FINANCE …….but which Pigs are we taking about?
PIIGS and PIGS are acronyms used by international bond analysts, academics, and by the international economic press that refer to the economies of Portugal,  Italy, Ireland, Greece, and Spain, especially in regards to matters relating to sovereign debt markets. When rendered as “PIGS”, the “I” originally refered  to Italy, but has occasionally become an interchangeable reference to Ireland. Some news and economic organisations have limited or banned their use due to  criticism regarding perceived offensive connotations.
http://en.wikipedia.org/wiki/PIGS_(economics)
PORTUGAL – Leftwing and VERY LIBERAL (Portugal has DECRIMINALISED ALL DRUGS),
IRELAND- Leftwing ,
GREECE – Socialist ,
SPAIN    -a Socialist and liberal country
………ITALY (NO longer a PIG) used to be leftwing and is now right of centre ….could just be coincidence that all these countries that the bankers are after ,seem left of centre,  most where right of centre when the banking crisis was forming.
SECULAR SOCIALISTS NOT what Western Capitalists like at all!!!

MEANWHILE THE PIGS IN THE TROUGH AKA THE BRIGHTEST AND THE BEST…..SAY LET ME IN LITTLE PIGGY
The “Brightest and the best” assure us that if Greece just follows thier orders ,all will be well. REMEMBER these people are the very people that got us into  this mess!!!!
They assure the public that Greece’s politicians are willing to impose spending cuts and tax increases that will push the ratio of the deficit to the Gross  Domestic Product from 12.7% in 2009 to 8.7% this year and 3% in 2012. This is the promise of Greece’s Prime Minister, George Papandreau. He is the leader of  the Panhellenic Socialist Movement. He has been the President of the Socialist International since 2006. He was born in Minnesota. He has a masters degree in  sociology. Trust him!
Here is a country that cannot balance its budget. It refuses to cut wages of its union-protected government employees. Its public sector workers rioted last  week to protest the minimal austerity measures announced by the government. Yet, we are assured by a commissioner of the Economic and Monetary Affairs  Commission, that “We expect that in due course the Greek government will take the necessary additional measures.” In due course. One of these days. Real Soon  Now.
On Friday, February 12, news from Europe came that there would be a bailout of some kind. Now we are told that Greece must jump through some very tight  fiscal hoops to get aid. Greece’s government must stop looking only to the interests of Greek voters. Bloomberg reported:
Austrian Finance Minister Josef Proell said the region had to “act in the interest” of the euro currency and it was up to Greece to cut its deficit before  the EU offers help.
“Nobody can spare Greece the task of cleaning up its own house, Proell said in Brussels. “Only then will we decide whether financial signals have to be  sent,” he said. Germany’s Wolfgang Schaeuble also said additional measures that Greece should take will be considered.
Wait a minute! It will take months for the Greek government to produce fiscal results. In the meantime, how will Greece’s government borrow more money to  stay afloat? How much will it pay to borrow? How will the crisis be deferred while the Eurocrats are waiting to see the official figures – from a government  that has misled the banks from the beginning?
http://www.marketoracle.co.uk/Article17338.html

“Greece’s government must stop looking only to the interests of Greek voters. Bloomberg reported: ”

GREECE TELL THESE CROOKS TO TAKE A LONG WALK OF A SHORT PIER WITH A HEAVY LOAD
The GREEK GOVERNMENT is there to represent the Greek People NOT BLOOMBERG THE FINANCIAL MARKETS THE EURO OR THE EU!!!!!
BUT POLITIONS ARE JUST AS CORRUPT AS BANKERS …THE GREEK PEOPLE understand this..

Greek Police, Protesters Clash in Nationwide Strike
Feb. 24 (Bloomberg) — Greek police fired tear-gas and clashed with demonstrators in central Athens after a march organized by unions to oppose Prime  Minister George Papandreou’s drive to cut the European Union’s biggest budget deficit.
http://www.bloomberg.com/apps/news?pid=20601087&sid=auLLhrWZiKi8&pos=8
Please look at what Iceland is doing ,or Argentina for inspiration.

https://cuthulan.wordpress.com/2010/02/21/icelandthe-pheonix-from-the-fire-as-the-long-boats-enter-the-accountant-sea/

https://cuthulan.wordpress.com/2010/01/11/government-should-go-on-strike-to-prove-they-are-worth-thier-money/

OR ECUADOR ,THEY DECLARED THE DEBT 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.

http://www.projectcensored.org/top-stories/articles/10-ecuador-declares-foreign-debt-illegitimate/

ECUADOR IS ALSO SHOWING HOW TO DO REAL ENVIRONMENTALISM ,NOT CLIMATEGATE FAKE CARBON TAX ENVIRONMENALISM

In September 2008 Ecuador became the first country in the world to declare constitutional rights to nature, thus codifying a new system of environmental protection.

http://www.projectcensored.org/top-stories/articles/18-ecuadors-constitutional-rights-of-nature/

THESE FINANCIAL GENIUSES THAT DEMAND GREECE ETC DO THIER BIDDING ARE CROOKS AND THIER CURE WILL KILL YOU!!!

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&feature=player_embedded#
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.
http://www.youtube.com/watch?v=V4cRYI2×60Q&eurl=http%3A%2F%2Fwhatreallyhappened%2Ecom%2F&feature=player_embedded
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.
http://www.thenewamerican.com/index.php/usnews/congress/2647-congress-votes-to-raise-debt-limit
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.
http://www.nytimes.com/reuters/2010/01/28/us/politics-usa-congress-debt.html?_r=1
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.
http://www.silobreaker.com/british-banks-downgraded-5_2263193997923057688
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.
http://www.nytimes.com/2009/03/24/business/24electric.html

https://cuthulan.wordpress.com/2009/09/03/the-record-of-the-federal-reserve/

IF ONLY THESE PIGS HAD FLOWN INTO ACTION INSTEAD, WE MIGHT NOT BE IN THE MESS WE ARE TODAY!!
The Flying Squad is a branch of the Specialist Crime Directorate, within London’s Metropolitan Police Service.The Squad’s purpose is to investigate  commercial armed robberies, along with the prevention and investigation of other serious armed crime.
http://en.wikipedia.org/wiki/Flying_Squad

A LESSON FOR THE BRIGHTEST AND THE BEST. CAPITALISM EXPLAINED its not that difficul;t , 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
http://www.marketoracle.co.uk/Article6497.html

AT THE MOMMENT THE BRIGHTEST AND THE BEST GET MONEY FOR LESS THAN 1% INTEREST(BANK LENDING RATES) AND LEND IT FOR AT LEAST 5% INTEREST(PUBLIC BORROWING  RATES). A MONKEY WITH LEARNING DIFFICULTIES COULD MAKE MONEY IN THIS SETUP!!!!!!!!!!
BUT EVEN WITH THIS SETUP ,THESE FINANCIAL MUPPETS HAVE LOST BILLIONS , BUT STILL DEMAND BONUES!!!!

RBS braced for bonus row with planned £1.3bn payout
• Taxpayer-owned bank to announce results on Thursday
• HSBC bosses push for pay rises of up to 30%

Loss-making Royal Bank of Scotland is braced for a row over City pay next week when it is expected to admit that its bonus pot for 22,000 investment bankers  has reached £1.3bn – against last year’s £1bn.
The Edinburgh-based bank is awaiting approval from UK Financial Investments, the body that looks after the taxpayer’s 84% stake in the bank, for its proposed  bonus pool.
http://www.guardian.co.uk/business/2010/feb/19/rbs-bonus-row

These “brightest and best” free market capitalists expect the taxpayer to pay the 4 BILLION in LOSSES AND 1.3 BILLION in BONUSES!!
FYI RBS EMPLOYEES ARE GOVERNMENT EMPLOYEES WHILE THE TAXPAYER HOLDS 84% OF THESE DEVALUED SHARES. IF YOU UNDERSTAND FREE MARKET CAPITALISM YOU WOULD REALISE  THAT YOUR BANK SHOULD OF GONE BUST AND YOU SHOULD BE UNEMPLOYED. THUS NO WAGES NEVERMIND A BONUS!!!
AND AS RBS LOST NEARLY 4 BILLIONS POUNDS WHERE EXACTLY DO YOU EXPECT TO GET THE MONEY TO PAY THIS BONUS? SORRY THE MARKET HAS SPOKEN AND YOU ARE UNPROFITABLE  AND IRRESPONSIBLE BY YOUR OWN STANDARDS, SO STOP BLUBBING!!!
ACTUALLY THE FRAUD SQUAD SHOULD OF BEEN CALLED IN AGES AGO, FRAUD ,CORRUPTION , MARKET MANIPULATION ETC .ETC.
THE BRIGHEST AND THE BEST OR A BUNCH OF GREEDY CRIMINAL FRAUDSTERS THAT ARE ALREADY BUST?
https://cuthulan.wordpress.com/2010/02/08/is-the-us-already-bankrupt-and-trading-in-fake-gold/

OF COURSE THE FED DOES NOT WANT AUDITED, ITS BUST ,ITS CORRUPT AND ITS FAILED IN ITS DUTY!!!!!!!
https://cuthulan.wordpress.com/2009/09/03/the-record-of-the-federal-reserve/

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?!?!

https://cuthulan.wordpress.com/2009/10/11/criminal-bankers-explainedjail-not-bail/

THE UK CREDIT CRUNCH
The reason why the banks are going bust in simple terms is:

Bradford and Bingley’s slow 12 month death march towards the same fate as Northern Rock finally looks set to have come to an end with expectations on Sunday  that the beleaguered bank will be nationalised with a view to a break of the bank and liquidation of assets so as to cover in part the estimated £20 billion  bailout cost that is required to fill the gap between assets and liabilities. The toxic mortgages will probably end up with the government owned Northern  Rock bank which will increasingly be seen as the UK Governments Toxic Mortgage Dump where the tulip backed securities of further bank busts and partial  bailouts will end up.
The banks traded in complex derivatives products between themselves, in what is termed as the over the counter market. The exposure to the Securitized debt  packages was further exaggerated by the use of leverage of in many cases more than 30X the banks assets against valuations based on complex models that  inflated the packages values during the boom times which allowed huge profits and bonuses to be banked (Fraud?). However the critical point is in the final  link in a long chain of sliced and diced debt packages was the US housing market.
Now many banks are left with assets that are worth LESS than 50% of their “mark to market” booked value. Now that does not mean a 50% loss for the banks on  investments, remember the greedy banks deployed LEVERAGE of as much as 30 times of assets, so capital of say £100 million is controlling risk of as much as  £3,000 million. Therefore a 50% loss results in a loss of value of £1,500 million, that’s 15 TIMES the capital. Hence the banks have been reluctant to price  their debt packages at the real market price as that would mean that the bank is effectively bankrupt with losses far greater than the banks capital base. So  the market remains frozen until all of the illiquid mortgage backed debt has been transferred over to the tax payers in exchange for liquid cash, hence  prompting the US Mother of All bailouts plan.
http://www.marketoracle.co.uk/Article6498.html
THIS IS JUST THE TIP OF THE ICEBERG. THIS IS LIQUID LENDING MONEY, WE STILL HAVE THE ASSET MARKET
Trouble in Hedgefundistan: “Its gonna get a lot worse”
http://www.marketoracle.co.uk/Article1600.html
AND THE DERIVITIVES MARKETS TO BAILOUT!!!
Bailout Secret- To Prevent $68 Trillion Derivatives Collapse Chain Reaction
http://www.marketoracle.co.uk/Article6495.html
AND AFTER TRILLIONS OF DOLLARS IN BANKER BAILOUTS THERE IS NOTHING LEFT IN THE KITTY FOR THE AVERAGE JOE!
https://cuthulan.wordpress.com/2010/02/20/the-joe-stack-attack-born-free-and-taxed-to-death/

Citigroup Warns Customers It May Refuse To Allow Withdrawals

“Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not  currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change,” Citigroup said on statements  received by customers all over the country.
http://www.businessinsider.com/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals-2010-2
OF COURSE CITIGROUP SAYS ITS NOTHING TO WORRY ABOUT
BUT………
As we reported back in 2008, the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,000, only has about $50 billion to “insure”  about $1 trillion in assets across the nation’s financial institutions.
This revelation prompted fears that an accelerating amount of bank closures could absorb FDIC funds and leave holders of money market and traditional savings  accounts exposed.
http://www.prisonplanet.com/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals.html

The Federal Deposit Insurance Corp. said Tuesday that its deposit-insurance fund fell to $20.9 billion at the end of 2009, a $12.6 billion drop in the final  three months of the year, as bank failures continued at a pace not seen since the savings and loan crisis. The fund’s reserve ratio was -0.39% at the end of  the quarter, the lowest on record for the combined bank and thrift fund.
http://www.prisonplanet.com/fdic-hits-record-default-level-as-deposit-insurance-fund-plunges-by-12-7-billion-to-negative-20-9-billion.html

BUT WE HAVE GOT OURSELVES OUT OF THIS MESS BEFORE….HOW?
SIMPLE
HERE IS HOW ANDREW JACKSON FREED AMERICA FROM DEBT
Andrew Jackson was the last of three sons of Scotch-Irish immigrants.
Andrew Jackson was the only President to pay off the national debt.  He was the first President to be born in a log cabin, and the first to ride a train.
THE BANKS ATITUDE TO ANDREW JACKSON

“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.
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 only President to pay off the national debt.
SO WHY ARE WE NOT ROOTING OUT THIS NEST OF VIPERS?!?!
https://cuthulan.wordpress.com/2009/09/02/a-short-history-of-global-domination-or-rockefella-rothschild-and-the-capitalist-communist-nwo-con/

SOLUTION-
Make the banks pay back ALL taxpayer money ,with the interest. Those that fall ,we asset strip and put thier assets on sale. We start criminal enquires into  the causes of the bank failures and bailouts. Any banker OR polition found guilty should be stripped of all thier assets unless they can prove they bought  them with money NOT related to bank fraud or corruption!!
CLOSE THE CRIMINAL AND FRAUDULANT BANK OF ENGLAND AND FEDERAL RESERVE AND END FRACTIONAL RESERVED BANKING PRACTICES
INSTALL A DIRECT DEMOCRACY BASED ON LIBERTARIAN SOCIALIST IDEALS
https://cuthulan.wordpress.com/2010/01/14/a-direct-democracy-independant-scotland/

https://cuthulan.wordpress.com/2009/11/04/libertarian-vs-authoritarian-todays-real-politic/

THE ALTERNATIVE
OF COURSE WORLD WAR III MIGHT TAKE OUR MINDS OFF THE FINANCIAL CRISIS AND POLITICAL CORRUPTION
NEOCONS THE ANTI-HIPPIES…….. ALL THEY ARE SAYING IS GIVE WAR A CHANCE!
If we are to learn anything from history,it should be that when economic crisis hits, for politions war is a good distraction and an economic manufacturing  generator.
https://cuthulan.wordpress.com/2009/09/02/a-short-history-of-global-domination-or-rockefella-rothschild-and-the-capitalist-communist-nwo-con/

https://cuthulan.wordpress.com/2009/10/12/us-government-making-a-killing-on-war/

https://cuthulan.wordpress.com/2009/10/05/us-government-terrorists-still-in-power-iran-contra-to-911/

As Andrew Jackson realised that War was a massive cash generator for bankers,that was why he kicked out this nest of vipers. We must realise that World Wars  and wars around the world are big business for banks and those with stock portfolios, like politions.

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/

We currently seem to be in the middle of OPERATION AJAX II

The 1953 Iranian coup d’état deposed the democratically elected government of Iranian Prime Minister Mohammed Mosaddeq.[1][2][3] In a plan called Operation  Ajax (less commonly TPAJAX), the United States’ Central Intelligence Agency (CIA) organized and executed the overthrow of the nationalist government of Prime  Minister Mosaddeq, at the request of, and with support from the British government. This enabled Mohammad Reza Pahlavi to become an authoritarian monarch[4],  who went on to rule Iran for 26 years until he was overthrown in 1979
http://en.wikipedia.org/wiki/Operation_Ajax
SO THE CIA AND THE UK DEFENDED OIL INTERESTS. OVERTHREW A DEMOCRATIC SECULAR SOCIALIST GOVERNMENT AND REPLACED THIS WITH A RIGHT WING AUTHORITARIAN  REGIME!!!!
THIS ULTIMATELY LEAD TO THE RISE OF THE ISLAMIC REPUBLIC OF IRAN!!!
BUT THE US GOVERNMENT HAS NO PROBLEMS DEALING WITH RELIGIOUS NUTTERS OR RIGHTWING NUTTERS!!! ISRAEL OR IRAN OR CONTRAS
https://cuthulan.wordpress.com/2010/02/18/the-israel-lobby-the-elephant-in-the-room-and-its-drenched-in-blood/
https://cuthulan.wordpress.com/2009/10/05/us-government-terrorists-still-in-power-iran-contra-to-911/
ITS THE SECULAR LEFTWING THE US HAS PROBLEMS WITH
IRAQ was sanctioned for False reasons as well before the Gulf War II. During the sanctions Iraq was selling its Oil to the UN in Euro’s in the Oil for Food  program.If the reasons for sanctions could be internationally proven false ,then oil is on the market being sold in Euros instead of dollars. Coincidently  today both Iran and Venezuala sell oil for non-dollar prices.
The Oil-for-Food Programme, established by the United Nations in 1995 (under UN Security Council Resolution 986) and terminated in late 2003, was  established with the stated intent to allow Iraq to sell oil on the world market in exchange for food, medicine, and other humanitarian needs for ordinary  Iraqi citizens without allowing Iraq to rebuild its military.
http://en.wikipedia.org/wiki/Oil-for-Food_Programme
Iraq sold its Oil in EURO’s
http://www.un.org/Depts/oip/background/oilexports.html
The Ba’athist party was a “socialist party”
The Arab Socialist Ba’ath Party (also spelled Ba’th or Baath which means “resurrection or renaissance”; Arabic: حزب البعث العربي الاشتراكي‎) is a political  party in the Arab World advocating the related concepts of Arab nationalism, Pan-Arabism, and Arab socialism.
http://en.wikipedia.org/wiki/Ba%27ath_Party
FYI
YUGOSLAVIA was a Secular Socialist country as well before the war. YUGOSLAVIA was found innocent ,NATO committed an ACT of War and a War crimes that included  organ harvesting!!
https://cuthulan.wordpress.com/2009/12/16/yugoslavia-another-blair-illegal-war-of-agression-and-the-icc-kangaroo-court/
Slobodan Milošević (sometimes transliterated as Miloshevich; Serbian pronunciation: [sloˈbodan miˈloʃevitɕ]  ( listen); Serbian Cyrillic: Слободан Милошевић;  20 August 1941 – 11 March 2006) was President of Serbia and of Yugoslavia. He served as the President of Socialist Republic of Serbia and Federal Serbia from  1989 until 1997 in three terms and as President of the Federal Republic of Yugoslavia from 1997 to 2000. He also led the Socialist Party of Serbia from its  foundation in 1990.
 In February 2007, the International Court of Justice (ICJ) cleared Serbia of genocide, but ICJ’s president stated that Milošević was aware of the risk of  massacres occurring and did not act to prevent them
http://en.wikipedia.org/wiki/Slobodan_Milo%C5%A1evi%C4%87

WHAT ABOUT A SMALL PRE-WAR IN AFRICA ,LIKE SOMALIA OR NIGERIA.
AFRICOM has been situated in Stuttgard since 2007 ,……something must be holding things up..

The U.S. military command in Africa, AFRICOM, has assumed responsibility for much of the day-to-day duties once performed by the State Department and other  civilian agencies. More often than not, the uniformed military is the dispenser of a wide range of U.S. foreign aid in Africa, as part of a general  militarization of U.S. relations with the rest of the planet.
AFRICOM Created in February of 2007, launched in October of 2008 and headquartered in Stuttgart, Germany because it couldn’t find a home base in Africa to  protect U.S. interest abroad, this entity has been “charged with supporting U.S. military partners in Africa.”
Still NO African country want this “AFRICON” based within their borders. For very good reasons when we see what been going on at the Hiati US Embassy . HQ  for coups , covert operations, false flags and training death squads that cover the whole Central and South American area. Expect more false flag operations  in Africa to give an excuse and create the climate for a AFRICOM base in Africa,…preferably in a place with lots of oil and natural resourses. Maybe Somalia  or Nigeria.
https://cuthulan.wordpress.com/2010/02/06/haiti-a-history-of-us-profiteering-and-the-5th-largest-us-embassy/

In recent times, wars in the Middle East such as the Gulf War and the invasion of Iraq have been described as wars for oil. In many cases, critics have  accused the U.S. of engaging in realpolitik in the cynical sense of political action without regard for principle or morals. A war planned for economic gain  can be seen as a conspiracy in the conventional sense of a secret plot — particularly when the public is presented with false pretexts for war. It has been  suggested that war is a perfect way of distracting citizens, as an electoral tactic, from difficulties facing the current administration. This premise is the  basis of the film Wag the Dog, and the George Orwell novel 1984. Some have claimed that this was the motivation behind the Falklands War. At that time the  National Reorganization Process, the right-wing dictatorship that ruled Argentina between 1976 and 1983, was facing increasing discontent among the  population and this may have contributed to the decision to invade the Falkland Islands.

http://en.wikipedia.org/wiki/List_of_conspiracy_theories#Wars

FOR A LIST OF USA SPREADING FREEDOM AND DEMOCRACY SINCE 1945 PLEASE READ
https://cuthulan.wordpress.com/2009/09/02/governments-traitors-terrorists-and-drug-dealers/
MORE RELATED POSTS
https://cuthulan.wordpress.com/2009/09/13/somali-pirates-guided-by-london-intelligence-team-report-says/

https://cuthulan.wordpress.com/2009/10/16/internet-victory-over-old-regime-traders-in-death-and-misery-named-and-shamed/

https://cuthulan.wordpress.com/2009/12/14/bbc-deletes-important-story-on-toxic-waste-dumping-in-the-ivory-coast-after-legal-threats-12-dec-2009/

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/2009/10/05/philippines-another-us-fake-war-in-the-making/

https://cuthulan.wordpress.com/2009/12/14/anthrax-swine-flu-and-government-bio-terrorism/

https://cuthulan.wordpress.com/2010/01/29/blair-on-trial-or-chilcot-on-trial/

https://cuthulan.wordpress.com/2010/01/30/war-on-drugs-officially-lost-another-fake-us-war-another-total-us-defeat/

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/2009/09/22/the-fedbank-bailouts-and-fascist-coups-the-great-depressionnaziscommies-and-the-bush-family/

https://cuthulan.wordpress.com/2009/12/16/yugoslavia-another-blair-illegal-war-of-agression-and-the-icc-kangaroo-court/

https://cuthulan.wordpress.com/2010/02/18/the-israel-lobby-the-elephant-in-the-room-and-its-drenched-in-blood/

MEANWHILE IN THE UK…SOMETHING WICKED THIS WAY COMES

Economic muppet and saviour of the banking universe Flash Gordon Brown,is dreaming of Maggie Thatcher again. Hey the Falklands worked well for Maggie , why  not try it again?
This seems to have been the idea with Bush Jr. and GULF WAR II- THIS TIME ITS PRESONAL… I’m lookin for the guy that shot my pa -Sheriff G.W. Bush
The Falklands Conflict- WAR ,WHAT IS IT GOOD FOR………. Well if you are a polition , its good for getting public support , distracting the public from  your corruption and incompitence , it will increase thier stock portfolio and it will produce many juicey non-bid contracts to be awarded to the lobby group  with the fattest envelope , ….and lots of cool photo oportunities ,when you can pretend to be brave while never actually putting yourself in physical risk.
This does worry me ,as Flash Gordon Brown , saviour of the financial universe, …and economic muppet. He does like his Maggie Thatcher, and we all know (those  of us old enough to remember) that in 1980 she was the most unpopular PM in history,UNTIL….the Falklands “Conflict”, but I think we can call it a war today,  and then on a wave of Rule Britiania Maggie’s monetorists are put in power in a landslide.
 
FALKLANDS CONFLICT
The Falklands War (Spanish: Guerra de las Malvinas/Guerra del Atlántico Sur), also called the Falklands Conflict/Crisis, was fought in 1982 between Argentina  and the United Kingdom (UK) over the disputed Falkland Islands and South Georgia and the South Sandwich IslandsArgentina to renew case for Falklands autonomy
The conflict was the result of a protracted diplomatic confrontation regarding the sovereignty of the islands. Neither state officially declared war and the  fighting was largely limited to the territories under dispute and the South Atlantic. The initial invasion was characterised by Argentina as the  re-occupation of its own territory, and by the UK as an invasion of a British dependent territory.
Coincidently BOTH countries where being run by very unpopular right wing regimes with serious economic troubles. War in this case was a good distraction from  the economic woes and got the populations behind the unpopular governments. Maggie Thatcher was swept to power on the wave of Falklands victory,previously  she was the most unpopular PM on record.

FALKLANDS CONFLICT II

Argentina is to make its case for sovereignty over the Falkland Islands to other Latin American countries, as tensions over potential oil reserves in the  South Atlantic grow.
The country’s foreign minister, Jorge Taiana, will ask other countries in a meeting of the Rio Group in Mexico to back his government’s claim to control the  waters to “Las Islas Malvinas”.The row over the disputed islands has reignited after the discovery of £60bn-worth of gas and oil reserves off the Falklands.
In London, Gordon Brown insisted international law allows British firms to operate freely in the area. Argentina has said their operations violate its  sovereignty and announced this week that boats sailing from its ports to the islands would need a permit.
“It is perfectly within our rights to be able to do this. I think the Argentinians actually understand that,” said Mr Brown. “Sensible discussions will  prevail on this.”
Argentina has threatened to stop an oil rig, the Ocean Guardian, which is due to start work in the waters of the Falklands Economic Zone. The UK has warned  it will be on international waters and any Argentinian interference would be in breach of international law.
http://www.independent.co.uk/news/uk/home-news/argentina-to-renew-case-for-falklands-autonomy-1904130.html
REMEMBER
There is already a war crimes warrent with Gordon Browns name on it,
https://cuthulan.wordpress.com/2009/10/11/blair-and-bush-and-co-war-criminals-named-and-shamed-now-lets-hunt-them-down-like-the-dogs-they-are/
He looks like hes going to loose the next election,and with the economy in the state it is, a war is a good distraction from government corruption and  incompitance and good for public moral, OH and they have discovered OIL …so what has he got too loose….the Oil Lobby will definately be pushing this one.

MEANWHILE SOMEWHERE IN A FORMER SOVIET REPUBLIC
GEORGIA

The specific conflict between Georgia and South Ossetia and Abkhazia has its roots in the following. First, the Southern Ossetes , who until 1990 formed an  autonomous region of the Georgian Soviet republic, seek to unite in one state with their co-ethnics in North Ossetia , an autonomous republic of the Russian  Soviet republic and now the Russian Federation . There is an historically grounded Ossete fear of violent Georgian nationalism and the experience of Georgian  hatred of ethnic minorities under then Georgian leader Zviad Gamsakhurdia, which the Ossetes see again under Georgian President, Mikhel Saakashvili.  Saakashvili was brought to power with US financing and US covert regime change activities in December 2003 in what was called the Rose Revolution. Now the  thorns of that rose are causing blood to spill.
http://www.marketoracle.co.uk/Article5834.html

GEORGIA II

The notorious tie eating President is cooking up something nasty……..
http://www.disclose.tv/action/viewvideo/7247/Georgian_President_Saakashvili_eats_his_tie_on_TV/
Destabilization in the North Caucasus: Georgian President Saakashvili “Ready for New War”?
Georgia’s President Mikhail Saakashvili and his supporters are ready to start a new war and plunge the country into chaos again. A statement to that effect  came from the leader of the opposition “Democratic Movement – United Georgia” Party, ex-Speaker of parliament Nino Burdjanadze.
The party’s statements circulated on Saturday say the Georgian parliament is acting behind Russia’s back preparing an address to the people and legislatures  of North Caucasian republics which may destabilize the situation in the North Caucasus given the current circumstances.
The opposition statements say Saakashvili is pushing the country into war because he is fully aware that his days as president are over but he prefers to be  expelled by Russia rather than toppled by the people of Georgia
IN ALL THESE WARS ,THE PEOPLE NEVER WANTED TO GO TO WAR ,THEY HAD TO BE PRESAUDED BY GOVERNMENTS LIES AND DECIEPTIONS.
GOVERNMENTS START WARS ,NOT PEOPLE
BUT
PEOPLE FIGHT WARS ,NOT GOVERNMENTS
HOW DO THEY MANAGE TO SPIN ALL THIS TO THE GENERAL PUBLIC……SIMPLE
 This chilling documentary film examines the relationship between the media, corporate America, and government. In a country where the “top 1% control 90% of  the wealth”, the film argues that the media system is nothing but a “subsidiary of corporate America.”
Director: Robert Kane Pappas – Run Time 1 Hour 46 Minutes
Orwell Rolls In His Grave
http://www.blinkx.com/watch-video/orwell-rolls-in-his-grave/mFrmDjaLl9YiyiT_8kE2Dg
FIGHTING FOR PEACE IS LIKE F*CKING FOR VIRGINITY!!!
IT IS HUMANITY’S DIVERSITY THAT WILL SAVE US
IT IS HUMANITY’S CONFORMITY THAT WILL KILL US!!


The Joe Stack Attack ,Born Free and taxed to death.

February 20, 2010

Joe Stack , software engineer …an average Joe …BUT SO MUCH MORE!!!

“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.”

Joe Stack  , an average Joe , from an average background ,had worked this out. His response ….the man deliberately flew his plane into the IRS(US tax) building in Austin Texas.

Here is his suicide note…. this is NOT the ravings of a nutcase ….I think it strikes chords we all can sympathise with. I think he is just one of MILLIONS .How many more GOOD MEN and WOMEN must be driven to this end before WE THE PEOPLE take back the power and put things right.

TAKE IT AWAY JOE………

If you’re reading this, you’re no doubt asking yourself, “Why did this have to happen?”  The simple truth is that it is complicated and has been coming for a long time.  The writing process, started many months ago, was intended to be therapy in the face of the looming realization that there isn’t enough therapy in the world that can fix what is really broken.  Needless to say, this rant could fill volumes with example after example if I would let it.  I find the process of writing it frustrating, tedious, and probably pointless… especially given my gross inability to gracefully articulate my thoughts in light of the storm raging in my head.  Exactly what is therapeutic about that I’m not sure, but desperate times call for desperate measures.

We are all taught as children that without laws there would be no society, only anarchy.  Sadly, starting at early ages we in this country have been brainwashed to believe that, in return for our dedication and service, our government stands for justice for all.  We are further brainwashed to believe that there is freedom in this place, and that we should be ready to lay our lives down for the noble principals represented by its founding fathers.  Remember? One of these was “no taxation without representation”.  I have spent the total years of my adulthood unlearning that crap from only a few years of my childhood.  These days anyone who really stands up for that principal is promptly labeled a “crackpot”, traitor and worse.

While very few working people would say they haven’t had their fair share of taxes (as can I), in my lifetime I can say with a great degree of certainty that there has never been a politician cast a vote on any matter with the likes of me or my interests in mind.  Nor, for that matter, are they the least bit interested in me or anything I have to say.

Why is it that a handful of thugs and plunderers can commit unthinkable atrocities (and in the case of the GM executives, for scores of years) and when it’s time for their gravy train to crash under the weight of their gluttony and overwhelming stupidity, the force of the full federal government has no difficulty coming to their aid within days if not hours?  Yet at the same time, the joke we call the American medical system, including the drug and insurance companies, are murdering tens of thousands of people a year and stealing from the corpses and victims they cripple, and this country’s leaders don’t see this as important as bailing out a few of their vile, rich cronies.  Yet, the political “representatives” (thieves, liars, and self-serving scumbags is far more accurate) have endless time to sit around for year after year and debate the state of the “terrible health care problem”.  It’s clear they see no crisis as long as the dead people don’t get in the way of their corporate profits rolling in.

And justice? You’ve got to be kidding!

How can any rational individual explain that white elephant conundrum in the middle of our tax system and, indeed, our entire legal system?  Here we have a system that is, by far, too complicated for the brightest of the master scholars to understand.  Yet, it mercilessly “holds accountable” its victims, claiming that they’re responsible for fully complying with laws not even the experts understand.  The law “requires” a signature on the bottom of a tax filing; yet no one can say truthfully that they understand what they are signing; if that’s not “duress” than what is.  If this is not the measure of a totalitarian regime, nothing is.

How did I get here? 

My introduction to the real American nightmare starts back in the early ‘80s.  Unfortunately after more than 16 years of school, somewhere along the line I picked up the absurd, pompous notion that I could read and understand plain English.  Some friends introduced me to a group of people who were having ‘tax code’ readings and discussions.  In particular, zeroed in on a section relating to the wonderful “exemptions” that make institutions like the vulgar, corrupt Catholic Church so incredibly wealthy.  We carefully studied the law (with the help of some of the “best”, high-paid, experienced tax lawyers in the business), and then began to do exactly what the “big boys” were doing (except that we weren’t steeling from our congregation or lying to the government about our massive profits in the name of God).  We took a great deal of care to make it all visible, following all of the rules, exactly the way the law said it was to be done.

The intent of this exercise and our efforts was to bring about a much-needed re-evaluation of the laws that allow the monsters of organized religion to make such a mockery of people who earn an honest living.  However, this is where I learned that there are two “interpretations” for every law; one for the very rich, and one for the rest of us… Oh, and the monsters are the very ones making and enforcing the laws; the inquisition is still alive and well today in this country.

That little lesson in patriotism cost me $40,000+, 10 years of my life, and set my retirement plans back to 0.  It made me realize for the first time that I live in a country with an ideology that is based on a total and complete lie.  It also made me realize, not only how naive I had been, but also the incredible stupidity of the American public; that they buy, hook, line, and sinker, the crap about their “freedom”… and that they continue to do so with eyes closed in the face of overwhelming evidence and all that keeps happening in front of them.

Before even having to make a shaky recovery from the sting of the first lesson on what justice really means in this country (around 1984 after making my way through engineering school and still another five years of “paying my dues”), I felt I finally had to take a chance of launching my dream of becoming an independent engineer.

On the subjects of engineers and dreams of independence, I should digress somewhat to say that I’m sure that I inherited the fascination for creative problem solving from my father.  I realized this at a very young age.

The significance of independence, however, came much later during my early years of college; at the age of 18 or 19 when I was living on my own as student in an apartment in Harrisburg, Pennsylvania.  My neighbor was an elderly retired woman (80+ seemed ancient to me at that age) who was the widowed wife of a retired steel worker.  Her husband had worked all his life in the steel mills of central Pennsylvania with promises from big business and the union that, for his 30 years of service, he would have a pension and medical care to look forward to in his retirement.  Instead he was one of the thousands who got nothing because the incompetent mill management and corrupt union (not to mention the government) raided their pension funds and stole their retirement.  All she had was social security to live on.

In retrospect, the situation was laughable because here I was living on peanut butter and bread (or Ritz crackers when I could afford to splurge) for months at a time.  When I got to know this poor figure and heard her story I felt worse for her plight than for my own (I, after all, I thought I had everything to in front of me).  I was genuinely appalled at one point, as we exchanged stories and commiserated with each other over our situations, when she in her grandmotherly fashion tried to convince me that I would be “healthier” eating cat food (like her) rather than trying to get all my substance from peanut butter and bread.  I couldn’t quite go there, but the impression was made.  I decided that I didn’t trust big business to take care of me, and that I would take responsibility for my own future and myself.

Return to the early ‘80s, and here I was off to a terrifying start as a ‘wet-behind-the-ears’ contract software engineer… and two years later, thanks to the fine backroom, midnight effort by the sleazy executives of Arthur Andersen (the very same folks who later brought us Enron and other such calamities) and an equally sleazy New York Senator (Patrick Moynihan), we saw the passage of 1986 tax reform act with its section 1706.

For you who are unfamiliar, here is the core text of the IRS Section 1706, defining the treatment of workers (such as contract engineers) for tax purposes. Visit this link for a conference committee report (http://www.synergistech.com/1706.shtml#ConferenceCommitteeReport) regarding the intended interpretation of Section 1706 and the relevant parts of Section 530, as amended. For information on how these laws affect technical services workers and their clients, read our discussion here (http://www.synergistech.com/ic-taxlaw.shtml).

SEC. 1706. TREATMENT OF CERTAIN TECHNICAL PERSONNEL.

(a) IN GENERAL – Section 530 of the Revenue Act of 1978 is amended by adding at the end thereof the following new subsection:

(d) EXCEPTION. – This section shall not apply in the case of an individual who pursuant to an arrangement between the taxpayer and another person, provides services for such other person as an engineer, designer, drafter, computer programmer, systems analyst, or other similarly skilled worker engaged in a similar line of work.

(b) EFFECTIVE DATE. – The amendment made by this section shall apply to remuneration paid and services rendered after December 31, 1986.

Note:

<!–[if !supportLists]–>·      <!–[endif]–>”another person” is the client in the traditional job-shop relationship.

<!–[if !supportLists]–>·      <!–[endif]–>”taxpayer” is the recruiter, broker, agency, or job shop.

<!–[if !supportLists]–>·      <!–[endif]–>”individual”, “employee”, or “worker” is you.

<!–[if !supportEmptyParas]–> <!–[endif]–>

Admittedly, you need to read the treatment to understand what it is saying but it’s not very complicated.  The bottom line is that they may as well have put my name right in the text of section (d).  Moreover, they could only have been more blunt if they would have came out and directly declared me a criminal and non-citizen slave.  Twenty years later, I still can’t believe my eyes.

During 1987, I spent close to $5000 of my ‘pocket change’, and at least 1000 hours of my time writing, printing, and mailing to any senator, congressman, governor, or slug that might listen; none did, and they universally treated me as if I was wasting their time.  I spent countless hours on the L.A. freeways driving to meetings and any and all of the disorganized professional groups who were attempting to mount a campaign against this atrocity.  This, only to discover that our efforts were being easily derailed by a few moles from the brokers who were just beginning to enjoy the windfall from the new declaration of their “freedom”.  Oh, and don’t forget, for all of the time I was spending on this, I was loosing income that I couldn’t bill clients.

After months of struggling it had clearly gotten to be a futile exercise.  The best we could get for all of our trouble is a pronouncement from an IRS mouthpiece that they weren’t going to enforce that provision (read harass engineers and scientists).  This immediately proved to be a lie, and the mere existence of the regulation began to have its impact on my bottom line; this, of course, was the intended effect.

Again, rewind my retirement plans back to 0 and shift them into idle.  If I had any sense, I clearly should have left abandoned engineering and never looked back.

Instead I got busy working 100-hour workweeks.  Then came the L.A. depression of the early 1990s.  Our leaders decided that they didn’t need the all of those extra Air Force bases they had in Southern California, so they were closed; just like that.  The result was economic devastation in the region that rivaled the widely publicized Texas S&L fiasco.  However, because the government caused it, no one gave a shit about all of the young families who lost their homes or street after street of boarded up houses abandoned to the wealthy loan companies who received government funds to “shore up” their windfall.  Again, I lost my retirement.

Years later, after weathering a divorce and the constant struggle trying to build some momentum with my business, I find myself once again beginning to finally pick up some speed.  Then came the .COM bust and the 911 nightmare.  Our leaders decided that all aircraft were grounded for what seemed like an eternity; and long after that, ‘special’ facilities like San Francisco were on security alert for months.  This made access to my customers prohibitively expensive.  Ironically, after what they had done the Government came to the aid of the airlines with billions of our tax dollars … as usual they left me to rot and die while they bailed out their rich, incompetent cronies WITH MY MONEY!  After these events, there went my business but not quite yet all of my retirement and savings.

By this time, I’m thinking that it might be good for a change.  Bye to California, I’ll try Austin for a while.  So I moved, only to find out that this is a place with a highly inflated sense of self-importance and where damn little real engineering work is done.  I’ve never experienced such a hard time finding work.  The rates are 1/3 of what I was earning before the crash, because pay rates here are fixed by the three or four large companies in the area who are in collusion to drive down prices and wages… and this happens because the justice department is all on the take and doesn’t give a fuck about serving anyone or anything but themselves and their rich buddies.

To survive, I was forced to cannibalize my savings and retirement, the last of which was a small IRA.  This came in a year with mammoth expenses and not a single dollar of income.  I filed no return that year thinking that because I didn’t have any income there was no need.  The sleazy government decided that they disagreed.  But they didn’t notify me in time for me to launch a legal objection so when I attempted to get a protest filed with the court I was told I was no longer entitled to due process because the time to file ran out.  Bend over for another $10,000 helping of justice.

So now we come to the present.  After my experience with the CPA world, following the business crash I swore that I’d never enter another accountant’s office again.  But here I am with a new marriage and a boatload of undocumented income, not to mention an expensive new business asset, a piano, which I had no idea how to handle.  After considerable thought I decided that it would be irresponsible NOT to get professional help; a very big mistake.

When we received the forms back I was very optimistic that they were in order.  I had taken all of the years information to Bill Ross, and he came back with results very similar to what I was expecting.  Except that he had neglected to include the contents of Sheryl’s unreported income; $12,700 worth of it. To make matters worse, Ross knew all along this was missing and I didn’t have a clue until he pointed it out in the middle of the audit.  By that time it had become brutally evident that he was representing himself and not me.

This left me stuck in the middle of this disaster trying to defend transactions that have no relationship to anything tax-related (at least the tax-related transactions were poorly documented).  Things I never knew anything about and things my wife had no clue would ever matter to anyone.  The end result is… well, just look around.

I remember reading about the stock market crash before the “great” depression and how there were wealthy bankers and businessmen jumping out of windows when they realized they screwed up and lost everything.  Isn’t it ironic how far we’ve come in 60 years in this country that they now know how to fix that little economic problem; they just steal from the middle class (who doesn’t have any say in it, elections are a joke) to cover their asses and it’s “business-as-usual”.  Now when the wealthy fuck up, the poor get to die for the mistakes… isn’t that a clever, tidy solution.

As government agencies go, the FAA is often justifiably referred to as a tombstone agency, though they are hardly alone.  The recent presidential puppet GW Bush and his cronies in their eight years certainly reinforced for all of us that this criticism rings equally true for all of the government.  Nothing changes unless there is a body count (unless it is in the interest of the wealthy sows at the government trough).  In a government full of hypocrites from top to bottom, life is as cheap as their lies and their self-serving laws.

I know I’m hardly the first one to decide I have had all I can stand.  It has always been a myth that people have stopped dying for their freedom in this country, and it isn’t limited to the blacks, and poor immigrants.  I know there have been countless before me and there are sure to be as many after.  But I also know that by not adding my body to the count, I insure nothing will change.  I choose to not keep looking over my shoulder at “big brother” while he strips my carcass, I choose not to ignore what is going on all around me, I choose not to pretend that business as usual won’t continue; I have just had enough.

I can only hope that the numbers quickly get too big to be white washed and ignored that the American zombies wake up and revolt; it will take nothing less.  I would only hope that by striking a nerve that stimulates the inevitable double standard, knee-jerk government reaction that results in more stupid draconian restrictions people wake up and begin to see the pompous political thugs and their mindless minions for what they are.  Sadly, though I spent my entire life trying to believe it wasn’t so, but violence not only is the answer, it is the only answer.  The cruel joke is that the really big chunks of shit at the top have known this all along and have been laughing, at and using this awareness against, fools like me all along.

I saw it written once that the definition of insanity is repeating the same process over and over and expecting the outcome to suddenly be different.  I am finally ready to stop this insanity.  Well, Mr. Big Brother IRS man, let’s try something different; take my pound of flesh and sleep well.

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The communist creed: From each according to his ability, to each according to his need.

The capitalist creed: From each according to his gullibility, to each according to his greed.

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Joe Stack (1956-2010)

02/18/2010

JOE STACK R.I.P.

Joe Stack , software engineer …an average Joe…a hero…he gave his life so others may see …..Rest In Peace…its up to the rest of us now. 

This might also give people pause to think about others, all around the world,for different reasons , being driven to the point of “nothing left to loose” and desiring to take out as many of the guilty as possible. 

BUT Just who is the GUILTY ?   

I don’t suppose the workers in the IRS Tax office concider themselves guilty…..BUT Joe certainly did……and I agree with him. You might say its only a job ,but you must take responsibilities for your actions and that includes your choice of employment.

ALSO If you do not oppose the concept and ACTIONS of YOUR government YOU are also guilty in the eyes of many “with nothing left to loose”….people like Joe, here and  in other lands..who have had everything they have loved and worked for destroyed by the actions of uncaring government officials, both militarily and burecratically , just doing thier job!

Can WE call IRS casualties ,collateral damage? IN FACT  As they are non combatant do we even include them in the body count?

SO WHAT PUSHED JOE STACK OVER THE EDGE?

US TAX LAWS AND THE 1913 COUP

The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows the Congress to levy an income tax without apportioning it among the states or basing it on Census results.It was ratified on February 3, 1913.

The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.

TAX FIRST USED TO PAY FOR WAR!!!!!

To raise revenue to fund the Civil War, the income tax was introduced in the United States with the Revenue Act of 1861.[7] It was a flat tax of 3% on annual income above $800. The following year, this was replaced with a graduated tax of 3-5% on income above $600 in the Revenue Act of 1862, which specified a termination of income taxation in 1866. The Socialist Labor Party advocated a graduated income tax in 1887.[8] The Populist Party “demanded a graduated income tax” in its 1892 platform.[9] The Democratic Party, led by William Jennings Bryan, advocated the income tax law passed in 1894,[10] and proposed an income tax in its 1908 platform

THE 1912 RIGGED ELECTION, ALL CANDIDATES SUPPORT INCOME TAX

The presidential election of 1912 was contested between three advocates of an income tax.[22] On February 25, 1913, Secretary of State Philander Knox proclaimed that the amendment had been ratified by the necessary three-fourths of the states, and thus had become part of the Constitution. Shortly thereafter, the Revenue Act of 1913 was enacted

1913 THE CORPORATE COUP OF AMERICA.  THE FEDERAL RESERVE IS SETUP AND INCOME TAX IMPOSED TO FEED THE BEAST.

The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch.3) is the act of Congress that created the Federal Reserve System, the central banking system of the United States of America, which was signed into law by President Woodrow Wilson.

“I am a most unhappy man. I have unwittingly ruined my country.A great industrial nation is controlled by its system of credit.Our system of credit is concentrated. The growth of the nation,therefore, and all our activities are in the hands of a few men.We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world.No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

Woodrow Wilson
(1856-1924) 28th US President
WAS IT LEGAL OR WAS IT A COUP?
IS THE FED LEGAL?
The Federal Reserve Act, which began the Fed, was a hotly debated issue in its own right, and passed primarily on party lines—and that was only after considerable political manipulation of Congressmen by Woodrow Wilson
Controversy about the Federal Reserve Act and the establishment of the Federal Reserve System have existed since prior to its passage, and include whether Congress has the Constitutional power to delegate its power to coin money or issue paper money, whether the Federal Reserve is a public cartel of private banks (also called banking cartel) established to protect large banks, or whether the Federal Reserves’ actions increase the frequency and severity of boom-bust economic cycles such as the Great Depression of the 1930s, the Late-2000s recession, and others.
https://cuthulan.wordpress.com/2009/09/03/the-record-of-the-federal-reserve/
Some critics argue that the Federal Reserve System is unconstitutional. The most prominent objection is a species of nondelegation: Congress is empowered by the Constitution to coin money (and by implication, to control the money supply), but may not delegate that authority to the Federal Reserve System. Congressman Ron Paul, for example, argues that:

The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy

http://www.youtube.com/watch?v=jOlSadj8lOo

Before 1913 and the Federal Reserve Act, the United States government coined and issued debt free money. The only type of legal money was gold and silver coin, and gold and silver, according to the Constitution, is still the only form of legal money.

The Federal Reserve System has violated the Constitution by printing its own paper money, and by printing so much paper money, which is backed by neither gold nor silver, that inflation and debt has eroded away at our way of life.

To back up the Constitution and its definition of what lawful money is, the United States Code, federal statutory code, USC Title 12 Section 152 states; “The terms lawful money and lawful money of the United States shall be construed to mean gold and silver coin of the United States.”

“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

https://cuthulan.wordpress.com/2010/02/08/is-the-us-already-bankrupt-and-trading-in-fake-gold/

ARE THE TAX LAWS LEGAL?

In 1984, William J. Benson began a research project, never before performed, to investigate the process of ratification of the 16th Amendment. After traveling to the capitols of the New England states, and reviewing the journals of the state legislative bodies, he saw that many states had not ratified the Amendment. Continuing his research at the National Archives in Washington, DC, Bill Benson discovered his Golden Key. This damning piece of evidence is a 16 page memorandum from the Solicitor of the Department of State, whose duty is the provision of legal opinions for the use of the Secretary of State. In this memorandum sent to the Secretary of State, the Solicitor of the Department of State lists the many errors he found in the ratification process!

The 4 states listed below are among the 38 states that Philander Knox claimed ratification from.

The Kentucky Senate voted upon the resolution, but rejected it by a vote of 9 in favor and 22 opposed.
The Oklahoma Senate amended the language of the 16th Amendment to have a precisely opposite meaning.
The California legislative assembly never recorded any vote upon any proposal to adopt the amendment proposed by Congress.
The State of Minnesota sent nothing to the Secretary of State in Washington.
When his year long project was finished at the end of 1984, Bill had visited every state capitol and knew that not a single state had actually and legally ratified the proposal to amend the Constitution. 33 states engaged in the unauthorized activity of amending the language of the amendment proposed by congress, a power the states do not possess. Since 36 states were needed for ratification, the failure of 13 to ratify would be fatal to the amendment, and this occurs within the major (first three) defects tabulated in Defects in Ratification of the 16th Amendment. Even if we were to ignore defects of spelling, capitalization, and punctuation, we would still have only 2 states which successfully ratified.

BUT YOU ARE NOT ALLOWED TO QUESTION THE GOVERNMENT

The adoption of the 16th Amendment, specifically arguments that it was never properly ratified by the states, have been a source of tax protester Sixteenth Amendment arguments. However, every argument has been repeatedly rejected by the courts, to the point that filing a case with said arguments has been ruled to be a frivolous lawsuit, subjecting the filer to criminal and civil penalties

UK TAX LAWS USED TO FINANCE WARS AND OPPRESS THE LOCALS

The income tax was first implemented in Britain by William Pitt the Younger in his budget of December 1798 to pay for weapons and equipment in preparation for the Napoleonic Wars. Pitt’s new graduated (progressive) income tax began at a levy of 2 old pence in the pound (1/120) on incomes over £60 (2007:£48,700)

Pitt’s income tax was levied from 1799 to 1802, when it was abolished by Henry Addington during the Peace of Amiens.The income tax was reintroduced by Addington in 1803 when hostilities recommenced, but it was again abolished in 1816, one year after the Battle of Waterloo.

TODAYS INCOME TAX PAYS FOR GOVERNMENT DEBTS(WARS) AND POLICING 

The UK income tax was reintroduced by Sir Robert Peel in the Income Tax Act 1842. Peel, as a Conservative, had opposed income tax in the 1841 general election, but a growing budget deficit required a new source of funds.He helped create the modern concept of the police force (leading to officers being known as “bobbies”, in England, or Peelers, in Northern Ireland and in some places in Ireland, to this day) while Home Secretary , oversaw the formation of the Conservative Party out of the shattered Tory Party

TODAY WE STILL PAY TAX ,WE ARE STILL IN DEBT, WE ARE STILL AT WAR , AND WE ARE STILL GETTING SHOT AND BEATEN BY THE POLICE WE PAY FOR!!!!!!

AND WE THINK WE ARE SO CLEVER CLASSLESS AND FREE

LABOUR AND TORY , DEMOCRATE AND REPUBLICAN ….THE TWO CHEEKS OF THE SAME ARSE!!!!!!!!!

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.[38]
– Sir Josiah Stamp, Director of the Bank of England, 1927

“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

“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.”

TO ALL AUTHORITARIANS ……BEWARE ….YOU ARE SUPPOSED TO BE PUBLIC SERVANTS ….WE ARE YOUR PAYMASTERS ……LISTEN TO YOUR MASTERS AND DO THEIR BIDDING…….. OR…..    ITS ANOTHER AVERAGE JOE STACK ATTACK ………… JUST AROUND THE CORNER


The Fed,Bank Bailouts and Fascist Coups ..the Great Depression,Nazi’s,Commies and the Bush Family

September 22, 2009

“Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through defects of the law under which it operates, through the maladministration of that law by the Federal Reserve Board and through the corrupt practices of the moneyed vultures who control it.” – Rep. Louis T. McFadden, Chairman of the Committee on Banking and Currency. Congressional Record 12595-12603 (10 June 1932)

“If the people were to ever find out what we have done, we would be chased down the streets and lynched.”– George H.W.Bush, cited in the June, 1992 Sarah McClendon Newsletter
http://whatreallyhappened.com/RANCHO/POLITICS/MENA/mena.php

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!

FYI

In 1930’s the public where also being told about the Green shoots of recovery, the Great Depression started in 1929, seemed to steady and recover in 1931ish and then collapsed completely .American did not go Bankrupt until 1933….4 YEARS LATER!!

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.”

“Many traditionalists, here and in Europe, toyed with the ideas of Fascism and National Socialism; many liberals dallied with Socialism and Communism.” Cramer argues that this explains why some American business leaders viewed fascism as a viable system to both preserve their interests and end the economic woes of the Depression

The Congressional committee report confirmed Butler’s testimony :

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 .MAINSTREAM MEDIA HAS BEEN A PRESSTITUTE FOR A LONG TIME.(This why our democray has failed, our “Fourth Estate” has turned into the “Fifth Column”…. propaganda not news)

http://en.wikipedia.org/wiki/Business_Plot

http://www.bbc.co.uk/radio4/history/document/document·shtml

But surely Bush was just an unknowing accumplice! Well he started running companies for Pro Nazi fascists in 1924.He was still doing it in 1942.

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

Professor Antony Sutton: Wall Street & the rise of Hitler

Dr. Antony Sutton was a research scholar at Stanford University’s Hoover Institution. Through his scientific historical research he saw the bigger picture of how the secret US establishment (largely operating through the Skull & Bones secret society) uses the Hegelian dialectic (create thesis & antithesis to control synthesis) to create, manage and perpetuate conflict.

US Corporate financing of Soviet Russia and Nazi Germany

http://revolutionarypolitics.com/?p=2560

BUT these people do not give a “flying one” about Leftwing or Rightwing politics , just as long as its authoritarian!!!

US CORPORATE FINANCE OF USSR AND NAZI GERMANY

https://cuthulan.wordpress.com/2009/09/02/a-short-history-of-global-domination-or-rockefella-rothschild-and-the-capitalist-communist-nwo-con/

MOVE FORWARD IN TIME ,ITS THE 1980’s

Reaganomics and Thatcherism is all the rage , deregulating the financial industry and CREATING DEBT AND CALLING IT WEALTH ,just like in 1913…. and suprise suprise 20 years later we are looking bankruptcy in the face AGAIN!?!?!?!?!

TODAY’S CREDIT CRISIS IS CAUSED BY THE SAME PEOPLE FOR THE SAME REASONS

CONSPIRACY ,INCOMPITANCE ,COINCIDENCE OR JUST PLAIN BRUTAL GREED? Take your pick………

So,a repeat of this is ,the crisis started 2007/8 ,then expect a “recovery” 2009/10 ,this will be a fake “Pump and Dump” recovery(like before ,this is just the REAL stock market players cashing out before total collapse) ,the REAL collapse will happen 2011/12.Probably worse than before as no “New Deal” is on the cards this time. The recovery money is going straight to the bankers, the fascist coup this time has been successful. BUT if we get too restless and start asking awkward questions, expect to be sent off to WWIII.There’s too many of us sheeple running around anyway according to the government.

FYI

The FEDERAL RESERVE was created to stabilise the dollar value and create a stable market to trade in, let’s see how its done……..

The Record of the Federal Reserve

Not a day goes by without talk of the Federal Reserve, whether by the organization itself or by its opponents. An incessant cheerleader of his organization, Chairman Ben Bernanke will be the first to tell you that the Federal Reserve is an utmost necessity to the smooth operation of the U.S. financial system. Some would disagree. And while ongoing events can be difficult to objectively examine, hindsight is usually much more prescient.

Let’s set aside what The Fed says for a moment and examine what it actually does.

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. Thus, if in 1776, you sat on your savings pile of $1,000,000 for 136 years, it would then be worth $1,110,000 in purchasing power (it will have appreciated in value by 11%). A loaf of bread for Thomas Jefferson cost the same as a loaf of bread for Lincoln 50 years later and again the same for J.P. Morgan 50 years after that.

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.” Note that “stable prices” is another way of saying “stable dollar,” they are two sides of the same coin (couldn’t resist the pun).

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. Thus, if in 1913, you sat on your savings pile of $1,000,000 for 95 years, it would then be worth only $50,000 in purchasing power (it will have depreciated in value by 95%). One would now need to pay about 20X more than J.P. Morgan for one’s bread. Ask my mother how much the price of milk has increased just in the last ten years alone.

In other words, the value of the dollar remained extremely stable for 150 years, the Fed was created in order to “stabilize the value of the dollar,” and the result has been a 95% devaluation of the dollar in less than 100 years following its creation.

https://cuthulan.wordpress.com/2009/09/03/the-record-of-the-federal-reserve/

Since the creation of the Federal Reserve the economy, US and Global, has lurched from one disaster to another, a much worse result than the 100 years BEFORE the creation of the FED!!

SORRY GUYS BUT YOU ARE FIRED!!

This disasterous experiment has to stop! Fraud trials should start , as I see it was a con from the start. IF the FED is printing ALL the money AND charging interest to the government on this money (which it never had in the first place and just printed out of thin air!!!) Where do we get the money to pay the interest?? There will always be more debt than money …. this is endless ,wage slavery and it should be abolished!! OR we the people print our own money and make the FED accept that in payment , remeber it costs next to nothing to print this and you can charge the FED interest on this as well!!!

BUT the FED have been so incompitant and greedy this time ,they have broken thier own gravey train.Because of thier greed and arrogence ,no-one wants dollars anymore ,so no matter how many you print ,the more you print the less worth they all become.

CHINA DOES NOT WANT DOLLARS ANYMORE

CHINA NOW CALLS THE SHOTS

China Is Through Screwing Around, Seeks to Deploy Reserves to Buy Real Assets

Folks, China is through screwing around. They’ve made it clear that don’t HAVE to buy our debt and are quite comfortable putting their money to use elsewhere. The fact that the Fed is now buying Debt from the Treasury in this sneaky fashion makes it clear that without the Fed, we might have seen failed auctions.

And the dollar and Treasuries are on borrowed time. Indeed, the dollar may very well start the next wave of this financial crisis. If that happens, gold could very well explode through the roof.

http://www.marketoracle.co.uk/Article12583.html

U.S. Govt Yuan Bond Threat to U.S. Dollar

The Chinese are in town to meet with the USGovt officials on continued debt support. The public will surely NOT be told what is discussed. One informed contact wrote this morning that the US lies as a terminal patient in the Intensive Care Ward, and seeks a death with dignity from its Chinese creditor doctors. The challenge to China is to protect its main core of US$-based reserves, and to protect future investments.

The USGovt might soon issue bonds, except not in US$ denomination, but rather in Yuan currency. Out of the gate (with debt signposts), the USGovt must purchase gigantic swaths of Yuan and pay with USDollars. The result is a quantum decline in the US$ exchange rate

The USDollar exchange rate would fall with each debt issuance

The loan balance in USGovt debt would rise with a declining USDollar

The Yuan currency would be further established as a global reserve alternative

Continued trade settlement in Yuan terms would be enabled

Rise in entire cost structure to the USEconomy from commodity pricing

The risk of USTreasury Bond default grows with each passing new issuance

Rumors are ripe that in a March trip to Beijing, Secy State Hillary cut a deal promising Eminent Domain on US property in return for continued USTreasury Bond support. So maybe a shopping basket of thousands of homes, hundreds of commercial buildings, scads of idle industrial plants, and a few million acres of farmland are soon to be seized by the Chinese in exchange for USTreasury Bond debt. One must wonder. The American people, i.e. USA Inc shareholders, will be the last to know in this criminal syndicate environment, a hatched cloud from the Fascist Business Model. Seemingly on a quarterly basis, something must be handed to the Chinese for continued USTBond support. The USTreasury officials and USFed have lied through their teeth about avoiding direct monetization.

http://www.marketoracle.co.uk/Article12386.html

The US Embassy in Beijing confirmed the deal to the source. Hillary closed the deal. A quid-pro-quo agreement was struck, continued USTBond purchases in return for Eminent Domain option to exercise by China for property seizure, ” to physically take, inside the USA, land, buildings, factories, perhaps even entire cities.” The concepts of colonization and carpet-bagging should come to mind!

WELCOME TO THE CHINESE COMMUNIST REPUBLIC OF CALIFORNIA ,just around the corner if the US Government has its way.

SO WHAT’S THE SOLUTION??

LIBERTARIAN SOCIALISM IS THE FUTURE!!!!!!!

https://cuthulan.wordpress.com/2009/09/03/libertarian-socialism-is-the-future/

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.” – Alan Greenspan from an article written in 1966 entitled “Gold and Economic Freedom”

“Paper money eventually returns to its intrinsic value —- zero.” – Voltaire

“You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold.” – George Bernard Shaw

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

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson, after signing the Federal Reserve into existence

“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.”

“Democracy is a form of government that cannot long survive,for as soon as the people learn that they have a voice in the fiscal policies of the government, they will move to vote for themselves all the money in the treasury, and bankrupt the nation.” MARX

“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

“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.”