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It’s Officially the Beginning of the End
More than two years ago, the day after we nationalized
Fannie and Freddie, I penned an article in which I forecast the end of the US
as an empire and the end of the US Dollar standard. Despite the fact that
others had been calling for a collapse of the US for years, my piece still
received a great deal of hostility and condemnation. The comments ranged from,
“you’re out of your mind, the US will
always be #1” to “I don’t like the
bailouts either, but you’re taking it too far.”
Here we are, two years later, and to be honest, the stuff
that has come to pass is simply mind-blowing. In plain terms, the US is now a
country in which…
- EVERYONE
knows that the Wall Street banks KNOWINGLY engaged in fraud (Citibank
executives confirmed this under oath), predatory lending, and other
felonies and NOT ONE executive has been charged with a criminal act.
- There
is clear evidence that elements of the Financial Crisis were intentionally
induced by key players in order to wipe out their competitors (you know who
I’m talking about).
- The
head of our central bank has LIED under oath about monetizing the debt
(among other things)… and walks free.
- Our
Secretary of the Treasury KNOWINGLY chose to hand out as much public money
to Wall Street in exchange for what he and everyone else knew were worthless
garbage assets. Again, no charges.
- Our
President increased troop levels for wars EVERYONE knows were started under
false pretences (and continued policies of torture!?!?!) and WON the Nobel
Peace Prize
Let’s face it… if an alien came down from outer space and compared
the US to other countries, it’d think we were just another 3rd world
country that somehow managed to get bigger than the others. We’ve got the same
levels of corruption, fraud, and lies, combined with the same looting,
indebtedness, and crumbling infrastructure.
In plain terms, this is the beginning of the end. When an
entire country’s economy is based on imaginary math, accounting gimmicks, and ideas
that don’t even make sense on paper (let alone in reality) you know that
economy will collapse.
Look at the reaction to QE 2. Even the most bullish idiot knows
deep down that nothing good will come out of it. QE 1 failed. QE 2 will as
well. Not one person has a single doubt about this. Sure, they might smile and
say it’s great on TV (or in their op-ed columns) because their job or political
pressure requires them to do so, however, their eyes tell the whole story. Not
one of them looks confident or composed… they all look exhausted, strung out,
and terrified. They should be, they know what’s at stake (EVERYTHING).
Enjoy this last little burst of enthusiasm while it lasts.
The end game has begun. There’s a reason it’s called “extend and pretend,” it’s
because it doesn’t STOP what’s coming… it only pushes it back a while.
Good Investing!
Graham Summers
PS. If you’re worried about the future of the stock market
and have yet to take steps to prepare for the Second Round of the Financial
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It might be a good idea to check your facts before you start spewing about what “everybody knows”…
Who Lied About Iraq?
http://www.americanthinker.com/2008/08/who_lied_about_iraq.html
No matter how much honest money people can raise to build their county the way they want there are those that can just fire up the fiat money presses and print up what ever they want to see to it they get their way. Maybe this will help make the danger of fiat money clear. Imagine you and me are setting across from each other. We create enough money to represent all of the world's wealth. Each one of us has one SUPER Dollar in front of him. You own half of everything and so do I. I'm the government though. I get bribed into creating a Central Bank. You're not doing what I want you to be doing so I print up myself eight more SUPER Dollars to manipulate you with. All of a sudden your SUPER Dollar only represents one tenth of the wealth of the world! That isn't the only thing though. You need to get busy and get to work because YOU'VE BEEN STIFFED with the bill for the money I PRINTED UP to get YOU TO DO what I WANTED. That to me represents what has been happening to the economy, and us, and why so many of our occupations just can't keep up with the fake money presses.
For more on the collapse of the U.S. economy, please watch the YouTube documentary RIGGED: Wall Street's Leveraged Buyout of America (http://youtu.be/syvI1hRKDrw).
This is the film Wall Street, Washington and your financial advisor don't want you to see.
"Absolutely brilliant and provocative film on the collapse of the United States."
-Anonymous
" plain terms, this is the beginning of the end. When an entire country’s economy is based on imaginary math, accounting gimmicks, and ideas that don’t even make sense on paper (let alone in reality) you know that economy will collapse."
Yes, yes, and it will collapse because that is the Globalist’s plan and has been for over 20 years. No wonder the affable Jim Rogers is bringing his children up in Asia where they will learn to speak Chinese.
If you lie on your Application for Employment it is a reason for Termination. Yet, when Bernanke was trying to get re appointed he lied about Monetizing the Debt. I appears that he did commit purgery about Monotization because he was under Oath and swore under Oath that he would not do that. This should be enough to remove him from his post.
"QE 1 failed. QE 2 will as well"
Huh? QE 1 was a helluva success. Remember, the whole financial system of the western world was on the edge of the abyss. It did nothing for main street. That wasn't the purpose. Or do you still think that the bankster owned fed gives a rats ass about the real economy?
QE 2 will also be a success, it will save the corrupt system and give the banksters pletty of time to rearrange the chairs, thats not a small thing, because they can decide who will be holding the bags when paying time arrives. That's the taxpayers, US middle-class and a couple of hundred millions of Asians.
All right, everyone seems to agree that something needs to be done, that individuals do matter, and that the simpler the better. I've heard a few already here on ZH - please add to the list. Let's mind dump the question - what can one person do?
1. 10% of the adults in the US begin buying 10 grams or more of gold every month.
2. 10% begin each cell call with "Achmed, the bomb under the Senate is planted and armed."
3. In airport security lines, people make low 'mooo' and 'baa' sounds
4. 10% of families in the US stop watching television
5. Convert 10% of every Social Security check to silver.
In airport security lines, people make low 'mooo' and 'baa' sounds . LOL, perfect, absolutely perfect! Next time I travel without a weapons check, I'll give it a whirl....
+1 :-)
Actually, what the hell, plus all five of them.
In business we say, "When everything is a priority, nothing is a priority."
Here I say, "When everything is a conspiracy, then nothing is a conspiracy."
There is little substance here.
"Beginning of the End" - that what I thought to myself when I saw QE2 announced. In 8 months it will probably be QE3, then QE4, etc. Japan borrowed from it's citizens for 20 years, but it looks like the US is about to really start printing money to keep this thing going...
What I love about the above statement, is we now have zero responsibility to think for ourselves. I've heard no one talking about the entitlement attitude of the country thinking that they deserve to own a home. That single attitude alone, wiped out our financial system and we will be paying this crap off for decades.
I blame the people that borrowed what they couldn't afford to pay back. The term "predatory lending" is a complete joke. If I bought everthing someone tried to sell me, I too would be broke.
@ cjbosk
Entitlement is the first rule of every slave. But please, there's no money anywhere, just contracts that can be discharged with paper. Read UCC Section 3-501 (a) (b) 1,2,3.
You are missing the point on the satanist creed: Prey on human weakness. Give your prey enough rope to hang himself. It's a great tool for them to create chaos.
We've been played and that ain't cool. It's bringing down the economy and the entire country.
If you aren't reading the UCC, filing the UCC 1 Financing Statement, and discharging all debt, then you aren't thinking either.
Yep. Self regulating markets, my ass. More like self destructive. For other examples, look at the roller coaster fiasco of oil futures markets in 2008, and what’s about to happen in the precious metals (particularly silver) futures markets now.
Stay off my LAWN!
http://www.youtube.com/watch?v=I4s0nzsU1Wg
The Fed May Destroy Itself -- If Not Us First
by Justice Litle
How best to describe what is happening now?
Where are the words when bureaucrats go mad, trying to convince the world that 2 + 2 = 5 as they advocate the equivalent of financial suicide?
Sometimes it takes a song. The tune that comes to mind is "We Can't Make It Here Anymore" by James McMurtry:
America the beautiful, America the broke. The Federal Reserve could hardly devise a more effective plan to kill the country if it tried.
In its bid to fight deflation, Ben Bernanke is putting a knife into the heart of the poor, the middle class, and anyone else who spends a meaningful portion of their take-home pay (assuming they have a job) on things like food, groceries and gasoline.
Worse still, this is all being done in the service of a lie that no one believes.
In a rare op-ed piece, published in The Washington Post, Mr. Bernanke wrote the following in justification of his actions:
First off, how in the world is the Fed supposed to promote "a high level of employment?" And what have they done to pursue this objective in the past?
Perhaps Alan Greenspan pursued his "full employment" mandate by ginning up millions of extra real estate brokers and construction workers by way of the housing bubble. Perhaps Mr. Bernanke is following a similar "full employment" strategy for the gold and silver and copper mines.
In respect to "low, stable inflation" -- and, amusingly enough, low inflation is what the Fed claims we still have -- isn't it about time we stopped believing lies so bold they can barely be communicated with a straight face?
It is true that we do not have the generalized sort of inflation that comes with rising wages and economic activity.
But what we do have is a doggedly stupid Federal Reserve -- one that somehow believes oil at $120 a barrel alongside unemployment at 10% is a good thing for the U.S. economy.
The good news is, at the current pace, the Federal Reserve is going to destroy itself. The main question is whether or not it destroys the country first.
In their mandate to save the megabanks and the financier class, and to juice paper asset prices come hell or high water, Bernanke and co. are ready and willing to crush middle America -- and small-business America -- into powder. Their secret recipe provides for something between inflationary recession and hyperinflationary depression.
And to provide cover in doing this, they are willing to tell lies to the public so brazen, and so repetitive, as to rival the brainwashing propaganda of the old Soviet Union, or perhaps the Ministry of Truth in Orwell's 1984.
"Today, most measures of underlying inflation are running somewhat below 2 percent," wrote Mr. Bernanke on Thursday. What a fantastic statement, with copper and gold both up more than 3% on the very same day.
Bernanke is like a man standing in front of a raging forest fire: "There is no smoke. There are no flames."
Even as the hollow men send paper asset prices soaring with their right hand, they throttle true economic recovery with their left. Part of the reason the real U.S. economy is so weak -- and why unemployment is so high -- is because America's blood and treasure was consumed by government-sponsored Ponzi schemes and Wall Street bailout orgies in the first place. The country's economic heritage was raped, then pillaged... and is now being raped and pillaged again.
Ignorance and cowardice are killing us now. The survivors are the ones who will take refuge, sheltering from dollar debasement strategies in high-quality hard assets and other vehicles with a Fed-protective element.
As for the survival of the country, or at least our understanding of America as we used to know it, that is another question. One must wonder, can the insanity still be purged from the system? Or has the system become insanity itself?
Which will go down first -- the Fed, or the country? At what point will there be riots? At what point will there be violence?
Warm Regards,
JL
Bernanke's pulling eveyone's yankers with his BS about "high employment and low, stable inflation."
According to the Fed's own statement:
Today, the Federal Reserve's duties fall into four general areas:
- conducting the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates
- supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers
- maintaining the stability of the financial system and containing systemic risk that may arise in financial markets
- providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system
See: FRB: MissionRocky, diversifying out of debt-notes is great, but they control all markets. We'll have to play a game of hop scotch to get through it.
Now where's my glass...
This is an excellent write up.It's short but it's points cannot be denied. The shocking testimony of the Citi loan officer, personally blew me away. Even more and surprising is the fact that to date, no one has been perp walked. Just blows me away.
What scares me even more, is the large percentage of the population who can't get their arms around THIS. Around whars really going on. This is why Zerohegdge and other sites who peel back the darkness for so many, are so important in this current situation we find ourselves in. All we can do is continue to educate ourselves and those around us. My gut tells me, the really ugly stuff is going to come like a thief in the night.
In the case of Russia, a good deal of the perps have fled to London. A few are in jail and getting much sympathy from the 'free' press which, which is busy promoting western democracy (sponsored by NGO's).
google "Lindsey Williams" and watch his videos. scary stuff!
Puuulease, the guy's a nutball and he's usually wrong-look how far off he was on the Gulf oil disaster.
And if you believed him, the zionists would have already attacked Iran and WWIII would be in full swing.
How far off was he on the Gulf disaster? You tell me…The thing is still going down. It’s just not being reported. There are whole towns where people are seriously ill. There are three deep drilling rigs at the 'spill site’ right now.
I listened to his interviews. Where did Williams state the attacks on Iran were going down? Last I heard him say it was in the cards in the future. Maybe you can give some support for your statements?
He'll be on Alex Jones either today or tomorrow, can't wait!!
Maybe it would be more accurate to tell that the capacity to perform what is written and walking off it is the distinction between civilized nations and third world nations.
Rules are for the little guy or something like that.
I'm discharging all debt (UCC 3-501) until the end.
They have so much power in the financial markets that most of their professional competitors, regulators, and adversaries are afraid to publically use their name in vain. That’s the real root of our financial problems.
let's ponder on the FED is this the way out of endless QE??
a private BANK owned organisation that prints our currency (odd concept that a private banking cartel prints legal tender for the nation)
1. prints FRN's
2. buy US Treasury bonds
3. bonds come due, Fed issues more FRN's and buys those bonds..
amasses assets based on US fedgov and state debt.
debt becomes larger than income (tax base) of US gov.
FRN's are devalued as world gov's cannot finance the debasing of the FRN( called the dollar by some.)
Fed becomes insolvent..
Congress enacts the repeal of the Fed charter to print legal tender
Congress enables the treasury to print US NOTES to be only legal tender in USA
Fed Bank cartel goes BK.
Holders of FRN's get to convert to US Notes for pennies on the $. (implication that all private debt will be reduced by this amount so offset of loss of FRN value)-does china/japan/EU go along well they get cents on the dollar vs the other alternative which is Zip.
US debt to fed is abolished as Fed Bank cartel goes BK and debt is now in illegal tender the FRN.- will they kill these banks? to save the economy and Pols jobs?
US economy recovers and borrowing by Fed Gov
is again possible..
a dream or is this the game plan.
Benny & congress will kill the FED off before he commits total mega Zimbabwe inflation..if so better get out of those 18 banks who own the FED..and hard assets are perhaps one way to protect from the above ..comments welcome.
You miss.
Every mortgage note is on the Fed's balance sheet, paid for with printed money. And;
QE is the securitisation of the taxpayers promissary note.
What's worse than your every day run of the mill banana republic?
A banana republic with lots of missiles.
The Fraud Started At the Very Top: With Government Leaders
The government's entire strategy now - as during the S&L crisis - is to cover up how bad things are.
But it is not only a matter of covering up fraud that has already happened. The government also created an environment which greatly encouraged fraud.
Here are just a few of many potential examples:
Economist James K. Galbraith wrote in the introduction to his father, John Kenneth Galbraith's, definitive study of the Great Depression, The Great Crash, 1929:
In other words, the fraud started at the very top with Greenspan, Bush, Paulson, Negraponte, Bernanke, Geithner, Rubin, Summers and all of the rest of the boys.
As William Black told me today:
9 comments:
Dredd said...
Can anyone doubt that this climate change from the rule of law to the rule of fraud is a monumental shift?
The nation is suffering from social dementia and the demographics show that in our near future more people will be losing their minds than losing jobs, homes, and health care.
Elections are not going to cure that.
John said...
Unlike the 'trickle down' theory of wealth, greed and corruption really do trickle down.
Steven G. Berry said...
The government that allowed private banking to control our money at all is responsible. The original nit wits who squeaked it in and the endless parade of babbling idiots who promote genocidal usury. Let's just all cheat!
Mathematically Perfected Economy(TM)
Don Smith said...
GeoWa - thank you for keeping on top of these stories. Hope for Change. Unfortunately, I'm fresh out of hope.
OT, but I am in Portland, OR, and was going to order shrimp and grits from a local restaurant. I passed when I found out they source Gulf shrimp. I couldn't believe it. But the Halibut was lovely.
Keep it up.
frlbane said...
Sure there is fraud but even if perfect people were in charge, our money system is still fundamentally dishonest.
Sure, throw em all in jail but the system itself still needs fundamental reform.
Marco Antonio Moreno said...
Only the big corporations play to gain by war.
They sell weapons, machinery and food to allies and enemies. Antony Sutton criticized and denounced big corporations and Wall Street that helped fund Hitler and Stalin
See here
Zeus Yiamouyiannis, Ph.D. said...
From first commenter: "Elections are not going to cure that." Indeed, the last elections have not only NOT cured that, but decisively proven on the financial front that matters will get much worse as tea partiers as much or more than the blue dog democrats they replaced will be shacking up with and supporting corporate fraud as a matter of "principal principle". If it makes a profit for corporations, it must be good for the country, the mindless mantra goes, no matter the basis of the profit is fraud and middle class extortion.
William Blair said...
"Can anyone doubt that this climate change from the rule of law to the rule of fraud is a monumental shift?"
No, I think it's just the revelation and, perhaps, acceleration of a long-term trend. Even extremely wealthy banana republics like the US reveal their massive levels of underlying corruption when the tide of easy money recedes.
Tim said...
I am beginning to think that our nation is in such distress that we will never find our way out of this mess. Fraud, Corruption, Greed, Extortion, Theft, Unbelievable Debt, Corrupt Politicians, Corrupt CEO's & Corporate Leaders, Corrupt Bankers & Investment Firms, Greedy Attorneys, Unregulated Lobbyists, the list goes on.
We just had an elections with billions being spent...I can assure you that all will want a return on investment...Our kids and grandkids do not have a prayer!!! We have gone from the greatest nation on earth to something that is unrecognizable.
Great frigging comments, dizzy, and frigging great comments.
Up until several years ago, I believed the usual about the Rockefeller family probably being financial hasbeens as that's the popular mythology.
I know fully understand (after much conventional and unconventional research) that their true worth is at least double the official richest guy listed, and probably triple, and they really do control a whole lotta stuff.
New game for ZHers: Where in the World is Eric Holder?
Busy checking on those investments he made with the money he was paid for succesfully defending assassins and mercenaries in the employ of Chiquita (South America) and the oil countries (West Africa).
And daydreaming about his future Goldman Sachs partnership?
Lies are covered by the first amendment.
Ask Moodys, S&P, and Fitch.
Graham it's kinda like when a prisoner drops the soap in the shower at a prison. He very quickly bends over and grabs hoping nobody notices, but, prison's being prisons buddy holds him down defenseless.
Now the prisoner can't get up and the aggresser takes his time cause he knows he got the guy cold.
That's what we all feel like I think. Absolutely raped and hopeless knowing the aggressor has us bent over and we can't get back up or defend ourselves.
How's that for imagery or shock effect. Cause after 3 years of slow arduous torture most people are exhausted, and we are only half way through at best.
Gold/Silver/Platinum bitchez
(deleted)
I'd like to point out that you are looking at the mirage. There is no money, and there is no debt. There's only debt-notes and discharge of debt.
You are still looking at the world through the lense of real money-- money with intrinsic value like gold and silver. In the western world, there has been no money since 1933.
All the western countries are involved with the scam. They play games in the currency wars, but technically they are hammering out the details of the new monetary system at the Basel Accords and the NWO government at the G20 meetings. There's no money, but they are having one heck of a show.
The Uniform Commercial Code (UCC) is the law of contracts that governs the US and all western countries. What is it based on? Your birth certificate that your parents signed is a Charter contract, similar to those under Maritime Law. The Washington State UCC website states in the instructions to the UCC 1 Financing Statement that if you file, the Debtor's information must match the Charter papers on record. The Charter number is located on the bottom right or left of the birth certificate in red letters and numbers. The letters represent the state postal code for the place where the individual was born. My birth certificate shows DC, since I was born (alas) in Washington DC.
If the letters for the state do not appear, you, the filer, must add them. A Charter is a contract in exchange for rights and privileges in a country. It is a contract of voluntary servitude. Our parents were tricked into handing over their children into slavery.
I also believe it represents the first credit or "monopoly" money used for us to play the commercial game. The Federal Reserve advances the US government credit from $500,000 (50s and 60s) to $1,000,000 (present) for each individual's birth certificate. That credit is the starting balance in the exemption (credit) account at the US Treasury.
The Thirteenth Amendment to the Constitution officially abolished and continues to prohibit slavery and involuntary serviture, except as punishment for a crime. But our esteemed Congressman in the US have bypassed the 13th Amendment by creating a system of law where we "voluntarily" enter into slavery.
The Charter and the Charter number is the first evidence for the slavery contract. The second is the elocution phase of every criminal court case. At this time, the judge asks the defendant "Do you understand the charges?" The word "understand" for the lay person means do you "comprehend" the charges, but in the legal world the word "understand" means "to agree" to "stand under" the statutes that condemn you to prison. Our system of government and law is designed to trick people into voluntary slavery.
There is no money, and there is no debt. But contracts that bind us are governed by the Uniform Commercial Code.
The Uniform Commercial Code operates under color of law. This means that it is OK for banks and others to issue fraudulent loans or contracts, and they will be upheld in court UNLESS you rebut the assumption that the contracts are good. They are all fraudulent, and it is your persistence in documenting the fraud that helps you win.
The mortgage loans in "fee simple" are related to the fief that are governed by the Trustee of the powerful lord. You have to rebut that assumption too. You own the darn thing by the sweat of your labor, but you have to "perfect" your priority security interest by filing the UCC 1 Financing Statement. It is the first line of battle.
It is in fact true that any individual with a birth certificate is a Debtor under the UCC by default. It is only when you claim yourself as the CREDITOR of the DEBTOR that you can restore your priority security interest in your own possessions.
You must rebut the birth certificate and rescind your signature on the social security application to retire the Charter documents and take control as fiduciary of the Cestui que Trust that was created for you a few days after your birth in ALL CAPITAL letters of your name. Once you do this, you can discharge all your debt through the US Treasury.
The UCC looks a lot like goblin's banker rules. They take legal title to everything you own, take all your green notes, and give nothing of consideration in return. But since you have a status as a Debtor and have no comprehension of the UCC, you let the banks and brokers take advantage.
You have to unwind the entire transaction and rebut the assumption that any of the trustees or grantees have any power to foreclose. You are the grantor of the Trust. Therefore, you must revoke it for cause.
I find it strange that as I work through the UCC and USC code not one lawyer stands up and corrects the information. In previous posts I wrote a Ces qui te trust-- a garbbled term taken from "patriot" info. Yet, each time I keep reading and looking in the Black's law dictionary the pieces fall into place. The correction is a Cestui que Trust. (Good thing I studied medieval french.)
For more info look for my articles and notes on Asymmetrical Warfare in the Mill Wars based on UCC Practice I and II in the contributors area.
http://www.zerohedge.com/forum/asymmetrical-warfare-mill-wars-based-ucc-practice
http://www.zerohedge.com/forum/asymmetrical-warfare-mill-wars-based-ucc-practice-ii
Kayl, have you found out why there is very small letters (micro print) under the signature spot on all bank and personal checks?
I assume you have.
Keep up the good work and thanks.
Dapper
@ Dapper
Yes, look at Accommodation/Accommodating party in the UCC definitions.
Just curious: What's the microprint and what is its significance in what I sense will surely lead to a chipping NWO conspiracy?
Who needs contracts when they are the "chosen" TBTF?
"Kol Nidre"
No doubt. No amount of paper will change the course of politics and the looting.
I find it strange that as I work through the UCC and USC code not one lawyer stands up and corrects the information.
Perhaps it is because this is utter nonsense and not worth the effort. At least that's my reason.
The Admiral is correct. The foregoing post is Unabomberesque gibberish. Sorry, but that't the way it is.
@Ned and Admiral
Report immediately to the Secretary of State UCC (for Washington state) and have them change their online instructions for the UCC 1 Financing Statement. That will set them straight!
Hey wait a minute, a little torture now and then never hurt anybody.
Besides, how are we supposed to find out what the Fed was really up to?
Lots of kindling that's for sure. Still undecided as to what comes next, global economic ruin or war.