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Meltdown Part 2: "A Global Financial Tsunami"
Two days ago we posted the first episode in the must watch four part "Meltdown" series from Al Jazeera looking at the key events that brought the world to the edge 3 years ago. With the final quarter of the year upon us, and with massive redemption requests hitting deeply underwater hedge funds, not to mention with a macro and micro economic global financial environment that is the worst it has been since the fall of 2008, we once again stand on the verge of yet another Great Financial Crisis. And although our politicians and leaders refuse to learn from the past, we are confident our readers are far more intelligent. Which is why here is the next part in the Meltdown Series: "A Great Financial Tsunami." Because while insanity may be doing the same thing over and over expeting a different result, sheer idiocy is constantly refusing to learn from the past, and expecting a present which "is different this time."
From Al Jazeera:
In the second episode of Meltdown, we look at how the financial tsunami swept the world. We hear about a renegade executive who nearly destroyed the global financial system and the US treasury secretary who bailed out his friends.
Henry 'Hank' Paulson, the former CEO of Goldman Sachs and later an economic advisor to the US government; refused to bail out global financial services firm - the Lehman Brothers. Paulson said it was not the role of government to save private businesses.
Lehman's failure had repercussions around the world. Millions of people lost their life savings. Pension plans were decimated.
Christine Lagarde, the French finance minister at the time and a close friend of Paulson's, publicly described Paulson's decision on Lehman "horrendous".
Markets from London and Paris to Shanghai fell. An epidemic of fear caused the world's major banks to stop lending, ending the year in protests and industrial action.
Click here to watch the first part of this series, The men who crashed the world.
Meltdown Part 2: A Global Financial Tsunami
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here you go:
http://www.youtube.com/watch?v=jXvfV-tPH_s
the hybrid austrian / Venus model ..at least gives us lesbian porn
nothing idiotic about it.
the idiots are those who dont see this as completely premeditated genocide.
Jewish Banking& Financial Manipulations
I am very grateful that you are posting this story. It is very important that as many people see this as possible. A real eye-opener, just like ZH itself.
Political parties are worse than SOPRANOS!How come Bush government elected thief for treasury secretary to rip off US and world tax payers and there is more evidence in documentary movies like this to try him and others for capital punishment and put him on death row, and FBI,SEC and other authorities pretend to be blind. Where the fuck is constitution and applicable laws or they are used against people when they try to stop criminals like goldy.
The sound of a spoon banging on a high chair...
Pay attention! The curtain is up on the second act.
(edit: I see you changed Republican to Political. Well done grasshopper)
Pretorian, you're mind is fucked.
BOTH parties, and a goodly sized contingent of your fellow peeps, created ALL the crap that bothers you.
The only innocents are likely those posting here (aisde from you) and the majority of dead people.
The only innocents? hahaha don't make me fucking laugh.
You live here in the US?
YOU ARE FUCKING GUILTY - PALIN AND FUCKING SIMPLE>
I love how you claim that the guy above you is mind-fucked for his statement (OF FACT I MIGHT ADD)...but then you go on to suggest that your hands are clean and that you have not added your load of shit to the dung-pile we now call the U.S. economic and fiscal outlook.
You have allowed your governement - YOU HAVE - to become nothing more than the enforcement and collection arm for corporations and the ever-more powerful cabal of uber-wealthy international, financial terrorists.
This did not happen overnight....and while the system which has enabled this has been in place for nearly 100 years.....the REAL theft has been taking place over the last 40 years. So, don;t give me that shit about how people here on ZH are most likely "innocent"bystanders in all this shit that has been piled up around us.
When I hear people like you claim that you have no blood on your hands....it kind of pisses me off. But, if that makes you be able to live with your pathetic self...so be it. Just don't spout that dumb shit on here and expect no one to say anything about it....
Lets examine your claim that you are quote "Innocent" in this fucking disaster....
Have you ever taken out a home loan with a low interest rate and a low down payment? Have you got your credit cards....car loans....student loans.....etc, etc, etc.....
What about standing up and speaking out agains the waste? Did you say anything - PUBLICLLY or forcefully...with any conviction - when we mached into TWO wars? At the same time we gave away three huge, un-warranted tax cuts? (80% of which went to the top 10%)
Did not say anything when they created the Dept. of Homeland Security - the biggest gov't program in exsistance? (I am almost certain you did't' say shit)
See...most people like you are ONLY NOW bitching about the government...because things are bad....but we have been on this road since I was a kid....and even back when I was in my 20's...I knew that getting 5-10 credit card applications a month wasn't right....that people should not expect to be able to buy a house with NO MONEY DOWN and a 4-5% loan for 50 years...but hell, everyone was high on cheap money...so no one...not even you...said a fucking thing (and those that did....were called alarmists, anti-american...or crazy (or worse)
Quite honestly....every last motherfucker in this nation has a part to play in this disaster - and that right there sir is why it will most likely not get better until the entire apparatus collapses in on itself - and everyone realizes that there ARE NO MORE low-interest loans....no more credit cards....no more no down payment home loans....and no more government backed sutdent loans ....you sir have been living in a fantasy world of over-leverage...living WAY beyond your means (and I have too)....and don't say you have not. Unless you are living in a remote little cabin somewhere...and have no interation with people...you are a parasite living on cheap credit. (it may not be you personally who has taken the loans in your name....but you owe about $120,000.00 of debt for wars, services, entitlements, programs, and waste that has beem accumulated in your name. And why not? Hell...the money is cheap....the fed govt can borrow from the Fed at .5 % or so....that is a rounding error in DC (to quote Stockman)
So give up the bullshit...and realize you are just as much to blame as anyone else who has lived, or is living in this nation for the last 40-50 years.
For the overly serious I should have inserted a ^sarc-on^ so you would get it, that I was being sardonic.
Of course I take some of the heat, 1/320/000/000 of it. But my mea culpa is because of my cowardice in not being willing to shed blood (The Elite's preferably) for this corrupt country; I'd rather just leave, so that option is well along its way. If Ihad been eligible for the Draft in the Vietnam war, I would have left the United States. Ditto WWII, Grenada, WWI, Korea, Albania, Japan, Iraq, Afghanistan and all the others.
You don't know what I've done over the last 20 years about the bitching, nor do you realize how futile it has been. I long ago came to the conclusion than when some asshole like Teddy Kennedy living in another state can control my taxation in Pennsylvania, along with a lot of other socialist/liberal/pinko/commie claptrap, and I can't do a damned thing about, and when everyone in the majority votes to keep their CONgressmen while giving CONgress a 17% approval rating, the barn door is not only open, it is blasted off its hinges.
Nothing but a bloody, very bloody revolution will change a thing.
Sorry but I call Bullshit...........
If Everyone is to blame then No One is left to place or take the blame........
Ie - if we're All guilty then we can't go afer the even More guilty parties..........
I'm not buying that one
Hey. That's the American Way.
There is some truth to what you say. No doubt. But it is a very difficult argument to complete. When you are only given ONE system to operate within - and no immediate knowledge of how or why it is constructed as it is... then you are initially both participant and victim.
Once you realize what is going on, if you so choose to continue to do nothing... to not change... to not prepare... etc., then and only then have you actually made a real decision and now join the ranks of those who truly deserve blame. I also hold in contempt those who refuse to look the truth in the face once they have been challenged to do so.
anyone still using TBTF banks to hold their digital fiat monies = FAIL.
Does this doc happen to mention that fraud is the root of the problem? That the Official Refusal to uphold the most basic tenets of desirable behavior (e.g., thou shalt not steal) and black letter law lies at the root of our collective descent into shit?
I hope so. But if not, no worries: I've got a movie on the way that sure as shit does.
So if I go all in to TZA, SKF, VXX and other double/triple SHORT ETFs, with every dollar I have or can get my hands on, I should be able to retire by December to St. Barth's in luxury, right? At the latest, by February, to catch the end of the season, right? Right??
God would never make me that happy.
Those funds might double, triple or quadruple. If that lets you retire and be happy then enjoy.
I don't know about happy, that's something that money can't buy, by itself. But I wouldn't mind, terribly being miserable and very, very rich.
Happiness is overrated. And is not really known until juxtaposed besides unhappiness, misery and sorrow. Can't have the one........
"God would never make me that happy."
YOU make yourself happy (or not). God is a passive observer.
Congressman Brad Sherman: Martial Law if We Voted No [1] - http://www.youtube.com/watch?v=p6KRXnYgu5I
:)
y'know, , I thought that was a brave speech - both he & Marcy Kaptor made waves on the topic - but when I later found out Brad's a staunch defender of the Isn't Real war machine. . .
Marcy tho' - she rocks.
http://www.lobelog.com/rep-sherman-prosecute-u-s-citizens-involved-with-...
Al Jazeera! A tool of the NWO based in Qatar.
Qatar is a dictatorship FYI that funds Al Jazeera and is in bed with Washington/Wall Str.
Right now Qatar special forces are on the ground in Libya, along with regular Washington/NATO mercenaries for Wall Str/City of London/banksters.
No! This is not just a rant.
Qadafis main crime was bucking the IMF, etc. and so this, if you can bear to watch what is being done to Libyans: http://www.mathaba.net/news/?x=628858
I know Libya - I have lived there.
I DARE you to watch graphic footage of how Washington/NATO is 'saving lives' ... you will never see it on Al Jazeera, CNN, etc. What I am offering you is real ... impossible to fake.
this documentary is not from Al Jazeera this is by the Canadian broadcasting corporation (CBC) i watched it on tv a while back up here in Canuck land .It was a documentary made for their show doczone find the link here http://www.cbc.ca/doczone/meltdown/
Google shows CBC as well. TD?
Google shows CBC as well. TD?
cristo
Yeah, big Fuck Up. But.. CBC or Al Jazeera ? What's the difference ?
They need to jump-start the economy with something big for the middle class, like they did with the "Cash For Junkers" program. Only this time it should be truely cash, to spend or to pay down the damned HELOC.
They should give cash money to folks to sell boats, motorcycles, jet skis, motorhomes, stainless steel BBQ's, ATV's, snowmobiles, racing bicycles, koi ponds, etc. on Craig's list for whatever they'll fetch. Anything bought before 2009 is eligible. The program would pay the difference between what the stuff fetches on Craig's List and what the stuff SHOULD fetch according to the seller. A "Mark To Model" setup for the common guy. Call it "Cash For Crap".
Back in 2007 I paid over $20K for the Snap-On "Monster Garage" complete home mechanic's setup, and never used any of it. I'm no mechanic - I just thought it looked cool in the garage next to the Harley I don't ride. Now some clown offered me $2K for it on Craig's List. I need $20K, for cripe's sake. Understand?
Anyone wanna buy a Harley for $23,877.23?
Har de har, har, har!
Minus 13 votes already!?! You people do not understand the severity of the situation.
The itstippy balance sheet must be repaired or face a Lehman-type ruin. The HELOC balance is $256,897. There should be at least that much in assets that I bought with the money. But when I price the drum set, tiki bar, oriental rug, and all the other shit, I find out it's worth a collective total of maybe $50K. This is unacceptable! My Excel spreadsheet of personal wealth shows this crap is worth MUCH more than that.
If not cash, how about Treasury notes? I'll take Treasury notes. Where can I turn this heap of shit in for Treasury notes?
Most likely you are trying to wind us up with a mythical tale. But if your story is true and your situation is truly as you describe you ought to suffer a lehman. I want you to be lehmaned. If you did indeed buy all that imported shit with borrowed money I want you to go full lehman and I regret that I don't know who you are because i would like to laugh in your face as the ruin overwhelmes you, you over-spending non-saving trend-following half-assed piece of dogpoo.
(BTW what is a tiki bar? Is it something you eat?)
(edit: this looks a bit ad hominem but it isn't really; it's this idiot's actions and attitude I abhor, not his person)
It's not just food, it's a lifestyle. All Harley riders wear Hawaiian shirts, plantation hats and drink Jamaican Hurricanes.
I see no real problem here? After reviewing your situation, it appears the only misstep you've made along the way was not taking out a student loan. Now is not the time to be so materialistic, and obsessed with your worldly possessions. You need to channel that energy into something more spiritual . . . perhaps a MA in Comparative Religion & Philosophy? I strongly suggest you get busy filling out that loan app, and move on to something more fulfilling in life.
In case you're one of the many who haven't noticed.... itstippy omitted the <sarc> </sarc>
Why, so you can buy more crap you don't plan to use? A fool and his money... You could have bought gold instead of the tools.
@itstippy
http://www.youtube.com/watch?v=5hfYJsQAhl0&feature=feedf
Leave it up to those "terrorists" at Al Jazerra to make up lies like this. . . .hahaha
Does anyone really believe the accusations they are making in this film...?
I mean...we ALL know that they "hate us for our freedom"... and really,....that's all you need to know, to discount anything you hear
from Aljazerra as nothing more than AL-CIA-DA propaganda....
/ sarcm of /
Seriously though...I just finished part 2 ...and I gotta say this is a pretty in-depth analysis of this cess-pool that is washington and wall street.
This doc is much better that warm and fuzzy fluff-piece (that I will not mention) that aired on one of those fancy cable channel...hahaha
this documentary is not from Al Jazeera this is by the Canadian broadcasting corporation (CBC) i watched it on tv a while back up here in Canuck land .It was a documentary made for their show doczone find the link here http://www.cbc.ca/doczone/meltdown/
the past few weeks have been a bit weird...i sense a change in ZH views... something is not right..
When society begins to unravel, or when it becomes clear that a disaster is imminent, people from the soft fringe tend to express themselves more. Not lunatic, not overtly radical, just those people who, in the past, kept their thoughts to themselves. In times like these the window opens just a bit wider and you begin to see odd, if not disjointed, ramblings.
Keep in mind, I am seen the same way when I asked friends and family to start getting prepared for whatever is about to happen. And you know, with many f them, the same thoughts resided below the surface yet they seemed determined to ignore it. That's a lot of psychological strain.
Not weird, just another sign of the times. Wait till we witness many losing their retirements.
It's too late to prepare now. I told these stupid mother fuckers years ago that shit was going down, and they all thought I was fucking crazy. Fuck 'em. I don't talk to a single member of my family or former friends except the VERY few that listened and prepared. I don't need some worthless fucking fat body TV watching imbeciles showing up to my front door when their power goes out expecting me to take care of them.
No, fuck off and die. You chose your path.
Circle the wagons around anyone you trust to not be a burden and finish your preps or leave the fucking country. Shit kicks off SOON.
That's the sweet sound of panic, when looking forward is much more painful than looking backwards, so backwards we look for blame apportionment. That way, we set ourselves up nicely for shock and a sense of helplessness which is tantamount to hitting a brick wall at full speed because our eyes have been on the rear view mirror and not on the road ahead.
Well put.
I would only add that apportioning blame is a great way to kill time while you're waiting for the shit to hit the fan.
The FED has seized control.
The Fed has LOST control. This sucker has a life of it's own now and Ben is losing sleep trying to figure what he can possibly do to get the reins back in his hands.
That is exactly right. The panic people are exhibiting is because of that loss. Bernanke can't pretend anymore.
Reverse Takeover ?
Some very important issues are completely ignored by the ZH.
while I agree with your post - there IS a free space for commentary - bring up anything you think is being ignored!
I do.
Not one mention anywhere in this documentary that the root cause of ALL of this horror is criminal misconduct, thievery and downright lawlessness on the part of ALL the major banks and financial institutions on Wall Street with the eager, slavish collusion of the US Govt. and the major Western Governments. It is THAT which brought us to this ruin. Nothing less. Nothing.
It is nice to see that, unlike Sony's documentary "inside Job", Al Jazeera doesn't try to claim that the "crisis is over". At least someone is finally admitting that this is far, far from over.
No. The problem is ignorance. Therefore the people are infants in need of a nanny. You all choose on an almost daily basis to sign your lives away. If you only knew how powerful you were, you would not be blaming everyone else for your problems. Learn how to manage your estate by controlling your signature. It is that simple.
this documentary is not from Al Jazeera this is by the Canadian broadcasting corporation (CBC) i watched it on tv a while back up here in Canuck land .It was a documentary made for their show doczone find the link here http://www.cbc.ca/doczone/meltdown/
Who has a pre-meditated plan to commit suicide? Good journalism I'll grant you that...but blowing up their own financial system was part of some "plan"? Sounds like a bad one if so. No i think it's pretty obvious: greed was out of control in NY in 2008 they never saw it coming. I agree we're seeing "Part Deaux" right now and there are many for whom "the greed" without any fear whatsoever is something they are incapaable of letting go. That does not appear true for those who have "sticking with treasuries" as their investment plan of choice. Protest all you want in New York but those who "never let a crisis go to waste" reside in Washington DC. If coming to New York which at the time in 2008 was probably one of the richest places on earth on saying "how much do you need" should say to all of you all you need to know about where the real financial power lies in the world.
So long as the masses continue to live as incompetents and waive their UN-a-lienable rights, this show will continue indefinitely and those who have chosen not to sleep on theirs will see through the fiction and live well.
Interesting comment by Snidley regarding Germany collaberating with Russia. Germany always wanted more agricultural space to the East and behind every piece of machinery in Russia you could find a German was the old expression. The only barrier to this cooperation are many other countries in Eastern Europe with different political, economic and cultural outlooks allowing for all sorts of mischief fostered by outside Western ,Eastern and Middle East interests. Is the future a Global economy or a Regional economy? The Global economy is showing signs of serious financial stress which means Comrade Smidley may be on target. Zdradsvoitsa
The Lie.. of selling debt.. between the Banks.. or Countries selling debt to each other..
is all based in a lie.
the lie is..
We dont have to owe anyone other than ourselves..
and if we owe ourselves..
why should JP Morgan make Billions, Trillions in processing fees?
the Lie is.. passing China America's Wealth.
1,200% Leverage / Debt on China's Dollar verse The U.S. Dollar's 120% leverage (these numbers are from March, they have grown since then.. here comes POMO, AGAIN!)
so.. the LIE! of stabilizing China's Monetary Base with an influx of U.S. Dollars flowing like a river to those slant eye chinks? for what?
and I will skip the 6 million plus manufacturing jobs that have been shipped there!
There is you $7 Trillion dollar in Tax Base NOT! Collected from the Working People of America!
and that $7 Trillion is on the lite side! anyone want to challenge my 1 +1 math? the number could easily reach $14 Trillion if I would be a lil more liberal!
all of you that ignore this..
all of you that perpetuate this LIE! your day is coming..
and the sheep may not know what you have done.. but I do.. and they will know too.
I am coming for you scum, fire will cleanse your disease from the world.. your spawn goes with you to hell! I wouldn't not want to deny you your family for company!
The LIE of you Liberfairians! who want ALL! those un-constitutional Laws removed from the Books!
Did YOU! Ever Notice! How it is just the Laws that Help People?
Did YOU! Ever Notice! How it is just the Laws that would cut expenditures?
Did YOU! Ever Notice! How it is just some dumb red necks or wanna be upper middle income fucks trying to fit in.. and promote yet more Tax Cuts!
You will NEVER be part of the Club.. I won't let you in. So give up and embrace your bottom feeder existences. Now, go Tea Bag your Fat, Ugly Wife that has a Mustache! and leave the poor people alone.
and for all of you that doubt.. I offer this.
"The Meek Shall Inherit the Earth" and I am not alone in wanting Gods Will to be done, I promise.. My Faith is Greater than Your Selfish Envy of Greed or Ignorance and I will see You and Your kind removed from this World.. So Fuck Off! and Better Luck in the Next World!
http://www.youtube.com/watch?v=mvqtWjN7lOI&feature=relmfu
Middle Class Rut "Busy Bein' Born" (Official Uncensored Version)
TLDR
Not following every thread of every thought here big guy. ButI like the passion and true-ism in your tone so, for that alone, I am voting a green arrow. Keep on.
German Member of parliament and former deputy foreign minister Günter Gloser admits to have no clue on what he was voting in Thursdays EFSF vote. Not a bit.
http://pegnitzpirat.wordpress.com/2011/10/01/nurnberger-spd-trottel-glos...
I'm a third of the way through this and I must say that it appears too me that this video is in support of all of the bail outs the United States took part in while at the same time trying to say how bad the bankers & Paulson are. This appears to be a wonderful propaganda piece for the bankers. Who paid for this? The only decision that should have been made back then is too let all the companies go broke.
This originally aired a couple of years ago as a CBC four-part series. The last two parts, "Paying the Price" and "After the Fall" are fairly solid, but there's this underlying sentiment at the wrap-up that after 2008 the world was coming out of the crisis, which was overly optimistic to say the least. Good series nonetheless.
Because while insanity may be doing the same thing over and over expeting a different result
The only insanity displayed since '08 is people expecting our banana republic government (and their cronies) to stop looting and pillaging the nation.
Sept '08 wasn't a financial crisis. It was simply beginning the next phase of looting and pillaging, which they've been doing 40 years already.
The same stuff is being done over and over again because it works. They're quite happy with the results of their 40 year looting spree. In '08 they simply took it to the next level, speeding up the looting spree, making it go faster.
We're the ones expecting them to change and stop their looting spree. We're the ones writing our congresscritters and "voting the bums out" and doing foolish protests and other silly crap hoping it will make them stop. None of it has worked in 40 years, but people still advocate writing their congresscritteers and "voting the bums out" and doing foolish protests and silly crap like that. So we're the insane bunch, not them.
Actually "we're" doesn't include me. I accepted long ago that our banana republic government (and their cronies) would loot and pillage the nation till there's nothing left to loot and pillage.
It's tough to take any documentary that has interviews with Andrew Ross Sorkin too seriously. Too Big to Fail was the biggest load of bullshit I have ever had the mispleasure of watching.
I'm getting tired of his whining about getting his toddler child into a 12,000$ a year private school program while he waxes eloquent about the "struggling little people".
I guess the TPTB shills, the ignorant, the morons, wankers among the MSM and Establishment have to justify to themselves why they haven't invested in gold or silver. If it isn't some truly ignorant wankers at The Age in Australia it some investment advisor or other who may as well be janitors... and todays effort.....
Just when you thought you had the number of fools out there totalled along comes another one, steeped in ignorance. You have to wonder how these people get their positions with laughable writing like this. I feel quite sorry for this David Kaufman.
Enjoy laughing at this guy, he is a classic.
Kaufman eh? Yea, don't buy gold, it's worthless. Buy diamonds from his buddies at the Israeli dominated diamond exchanges. Even though perfect diamonds can be artificially created for relatively low prices.
And let me see...the USA has to keep printing USD or else sink into default.
It will have to print multi trillions over the following years...and Im sure all those invested in USD will retain all their purcahsing power. Put all you money in USD cash and wait. :/
Well the USA corporation hasn't printed money for like 98 years now. That was outsourced to the Federal Reserve corporation in 1913, so your argument holds no water, because the USA is not synonymous with the USD.
Assuming that the Masters of the Universe are stupid and ignorant is counterproductive. There is no solution to the mess that they have created - unsupportable debt which is being constantly shifted from the multinational banks to the debt serf class. There are bad outcomes that totally screw 99.9% of the population and bad outcomes that optimize by reduction the amount of pain and die off that the 99.9% will experience. The MotU have consistently chosen the former. To say that this is stupid, ignorant, or insane is to ignore the fact that the vast majority of us are walking around blithely blithely in a free fire zone like bozos or great auks. The most that one can say about it is that it is evil.
Sorry, they already printed it, and handed it at zero interest to the dirtbags who have been strangling the economy, and fucking all of us over - read on.
The Federal Reserve is neither Federal nor a "Reserve". This private bank run by the "Bank of England" has been stripping the US of its assets since the days of Andrew Jackson. If the $16,000,000,000,000.00 given away secretly, since 2007, to the member banks isn't reason enough to overhaul our entire government financial system then our country is doomed to financial failure. You won't read this in the mainstream media....but it may emerge in the coming elections. Read about this first ever audit of the Fed and understand why we are in such trouble. Tuesday, September 27, 2011 First Ever GAO Audit Of The Federal Reserve(You can click on the site and read the report).
The first ever GAO audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill (HR1207), so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve nearly 100 year history were posted on Senator Sanderâs webpage earlier this morning.
sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3 (Summarized below)
What was revealed in the audit was startling:
$16,000,000,000,000.00 (TRILLION) had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the worldâs banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest.
Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs. To place $16 trillion into perspective, remember that GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is only $14.5 trillion.
The budget that is being debated so heavily in Congress and the Senate is only $3.5 trillion. Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world. In late 2008, the TARP Bailout bill was passed and loans of $800 billion were given to failing banks and companies. That was a blatant lie considering the fact that Goldman Sachs alone received 814 billion dollars. As is turns out, the Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion. The Royal Bank of Scotland and Deutsche Bank, a German bank, split about a trillion and numerous other banks received hefty chunks of the $16 trillion. ****
When you have conservative Republican stalwarts like Jim DeMint(R-SC) and Ron Paul(R-TX) as well as self-identified Democratic socialists like Bernie Sanders all fighting against the Federal Reserve, you know that it is no longer an issue of Right versus Left. When you have every single member of the Republican Party in Congress and progressive Congressmen like Dennis Kucinich sponsoring a bill to audit the Federal Reserve, you realize that the Federal Reserve is an entity onto itself, which has no oversight and no accountability.
Americans should be swelled with anger and outrage at the abysmal state of affairs when an unelected group of bankers can create money out of thin air and give it out to megabanks and super-corporations like Halloween candy.
The list of institutions which received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows:
Citigroup: $2.5 trillion($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion* ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
IT WILL BE INTERESTING AS TO HOW MUCH ATTENTION (AS WELL AS THE SLANT) THE MAINSTREAM MEDIA GIVES THIS UNBELIEVABLE POSITION OF OUR GOVERNMENT HAS PLACED US IN WITH NEVER PREVIOUSLY HAVING AN AUDIT OF THE FEDERAL RESERVE.
I AM CONFIDENT THAT WE WILL HEAR SOMETHING LIKE THE FED HAD TO GIVE STIMULUS TO WHOM THE $16 TRILLION WENT TOO BECAUSE IF WE HAD NOT ALLOWED THIS IT WOULD BE THEIR COLLAPSE AND THE OURS.
HAS ANYONE EVER HEARD OF CLOWARD AND PIVEN ECONOMICS? (PARAPHRASING) IT INVOLVES TWO HARVARD PROFESSORS WHOSE BOOK SAID TO CHANGE ANY GOVERNMENTâS ECONOMIC SYSTEM INTO A SOCIALIST ONE, IT SIMPLY DRIVES THEIR ECONOMY INTO THE DITCH THEN THE CITIZENS ALLOW THE GOVERNMENT TO DO WHAT THEY WISH TO SAVE THEM
Full blown QE3 will be large scale mortgage debt forgiveness/refinancing by the Fed buying the rest of the banks' mortgages, at par, with fresh digital FRNs. They will then start mortgage debt writedowns/refinancing to eliminate any further robosigning risks(minus a shut-up one time payment to the states' DA) and hide the loss on their balance sheet. Obama will want to wait until sometimes in 2012 to implement this to guarantee that it's enough bread to ensure his re-election.
It wouldn't shock me if the new mortgage loans were to become manditory so that they can show all fresh, legal documents to each and every loan. Then, again, no one will be kicking and screaming if they write down their home to fair market value and lower the rate.
Oh, yeah sure they will be just "printing money"/FRN's and handing it out so all the bums can stay current on their debts and the lien holders (who also happen to be shareholders of the FRN) won't be able to collect on the defaulted contracts.
You can do better than that...
Guest Post: Occupy Philadelphia -- Run by the Same Jews Operating the "General Assembly" of Occupy Wallstreet is a Zionist COINTELPRO Operation
Some, look, what's that sound, everybody look what's going down.
On Monday, the Metro, a free corporate daily distributed in the City of Brotherly Love announced on its cover the inaugural meeting of "Occupy Philadelphia".
This newspaper regularly features CNN correspondent columns, the cartoon version of any domestic and international fear campaigns, and 50% sports filler. So has it suddenly betrayed its state corporate propaganda function, in favor of the bongo drummers and vegan pizza munching masses?
I cringed at the fishy contradiction, and decided to avoid the affair. On Thursday, however, a bright-eyed rainbow-clad activist mentioned the meeting time and location to me, and despite my suspicions, I went.
A crowd of about 50 people mulled around Philadelphia's anarchist bookstore, and at 6:00pm the location was announced at a historic church in the city center some 15 blocks away. By the time we reached City Hall, the parade had swelled to more than 100, and chanting had begun.
Our promenade was faciliated by an unmarked beige car, manned by glowering men in suits and sunglasses, who blocked traffic on the busiest streets of the city. We then crouched our heads to enter the religious chambers. When the proceedings were finally inaugurated in front of the altar, we had swelled to more than 200 people, including a professional television crew.
After a few minutes, listening to procedural reports from Occupy Wall Street, a debate broke out over whether to use "stack" or "progressive stack". The progressive flavor, we learned, would place minorities and women ahead of other eager speakers. A white kid disagreed, and told us were all equal.
A compromise was finally reached between the affirmative action proceduralists, and the supporters of an arbitrary order -- and the church erupted into twinkling hands of democratic glee.
I knew then for certain, that the entire operation was a set-up.
While I observed the next two hours of painful, bright-eyed futility, the malicious cynicism of this particular counter intelligence operation grew brighter and brighter.
Every single leader of this operation was a self-deprecating homosexual and/or lesbian and/or Jew. I recognized the clique from the tyrannical pseudo-democracy organized around saving Philadelphia's libraries two years ago.
What a strange coincidence, a whiteish spread of the US population, sitting in church pews on the Jewish Day of Judgment, with a mid-20s Jewish ringleader who contemptuously dismissed the hierarchical "vibe" of Christian symbolism.
He also effeminately play-acts exasperation and whines over his falsely claimed inexperience, "if somebody else wants to do this, please", and then tyrannically persists in dominating the entire gathering with his scrawny cohorts -- despite the impassioned seizure of attention by a long-time Puerto Rican activist and African American youth.
All of the non-Jewish, non-White minorities who spoke insisted we first discuss why we were there, what we were protesting, and who we wanted to reach by our likely illegal activity. The faux-populist leadership would have nothing of that back-talk, and instead condescendingly sympathized, "everyone deserves an opinion".
By the time the painful confusion over how we had spent 2 hours together with hundreds of angry and activated Americans, and yet had managed to accomplish not a single decision or even open discussion -- we were scolded to "trust the process" by the enlightened, and now, all of a sudden, coordinated and expert Jewish managers at the Christian altar.
Everyone had become so exhausted from frustration, that they scurried like rats behind the grinning Jewish fag into the street for the opportunity to join the centrally controlled creation of the planning committee, to determine the agenda for the next meeting.
There's the reason why we have no protest in the United States -- the foolish white Christians, and the naive African Americans and Latinos who were present have been enslaved by the Jewish Zionist political correctness managers -- and then the rest of the world can laugh with the Wall Street Journal, who ridicules the very COINTELPRO operation their financier buddies concocted in the first place.
http://www.metro.us/philadelphia/local/article/980233--occupy-philadelph...
Are you kidding me? This is mainstream bullshit! Instead of focusing on the FED (cheap money due to artificially low interest rates) and deregulation they go straight to the evil banksters. Don’t get me wrong I hate banksters but who for Christ sake gave them the money and a “card blanche” to do it! It would be great to watch a documentation which spends at least 10 min with the real causes.
I agree. The MSM keeps doing this; take a surface look at what happened blame a few evil doers and their political handlers and call it a wrap.
Inside Job was very similar.
When will we get public discourse on the FED, who their enablers are, and the massive fraud they have perpetuated on all of us?
Fingerpionting at bankers and increasing regulation won't fix anything.
Some may interested in the possible news of a second Bakken oil province....except in Australia's - Norther Territory.
This is the Bakken..
Presently an Australian Canadian joint venture is drilling in the Australian Northern Territory's - Georgina Basin ( in the middle of nowhere, mostly desert). Where surveys undertaken so far suggest an estimate recoverable reserves of 27.5 billion barrels. The area is apparently very similar in formation to the Bakken.
They are right now in the process of drilling their first horizontal wells to determine if the are can provide commercial flows. If so then maybe a third Saudi Arabia on the cards., but very early days yet.
The Australian partner is :
BARAKA ENERGY & RESOURCES LIMITED (BKP)And Canadian partner....
PetroFrontier
http://www.barakaenergy.com.au/pdfs/2011-05-17-005429Macquarie_Equities_...
Just a friendly heads-up, be very careful of dealing with Macquarie, they are the worst of the worst Fin-Crims in Australia - they are essentially the front for GS and other globalist criminal co-dependents.
For the Geos, the Georgina Basin straddles the northern NT and QLD, is bigger than Texas, and consists of gigantic rotated regular monoclines ... very prospective for HC trapping ... also has staggering amounts of thick phosphate layering over an enormous area (but mostly underground, except in the SE corner of the basin) ... i.e. enough fertilizer for the planet for a few tens of thousands of years ... a very rich bowl of seds that has not been developed ...
http://www.earthbyte.org/Resources/ICONS/AUS/GeorginaBasin/AUS.GeorginaB...
http://rodiniaoil.com/operations/georgina_basin.php
http://www.centralpetroleum.com.au/files/downloads/11.07.18_new_play_and...
http://www.denison.edu/academics/departments/geosciences/neoproterozoic2...
http://www.phosphateaustralia.com.au/projects/exploration/
I got into Baraka Petroleum a year ago now.
We may all know in a month if the Georgina basin is going to be a massive oil/gas prospect as hinted at in the various geos done - one by the company and the other by the NT Government some years ago. If they are lucky first up. Though it will take a number of spuds to gauge real size of prospect/or not. They are my only non silver/gold stock.
That whole part of Oz is starting to finally reach an economy of scale for development to occur ... lots of what were one horse towns now have regular airline services and road and rail logistics. You may be early, but old-school buy and hold for the long-term could be very worthwhile.
Al Jazeera news is suprisingly good. I watch it regularly. You don't need cable either if you have Roku.
this documentary is not from Al Jazeera this is by the Canadian broadcasting corporation (CBC) i watched it on tv a while back up here in Canuck land .It was a documentary made for their show doczone find the link here http://www.cbc.ca/doczone/meltdown/
Cristo's correct, it's a CBC documentary made by T. McKenna.
He is the greatest documentary film maker of our time hands down.
Tyler(s) -
http://www.france24.com/en/20111001-germany-wont-give-more-eu-bail-out-fund
Interesting link you probably already know about. Just thought I would share.
I purchased a 1 KG bar of silver today.
Nice.
Now put it away somewhere safe and don't worry about the price movements. Most of us could easily waste that amount of money pretty quickly. Instead, you have a nice little piece of what I deem "insurance."
Is it for the the world we are going to wind up in? Is it for the journey there? Is for nothing? Who knows. But I would hate to find out it was for something rather than nothing, and have none!
Well I hope the little bit of kudos you got from telling the world you own PMs is enough to compensate for the fact that unless you are a lot cleverer than I think you are there is more than one bad person who now knows the name, address, and topgraphy of the home of the owner of a valuable portable artefact. When the time comes I wonder if they will threaten to shoot your kids in the knees or the groin to extort from you the exact location of your goodie-bar/s.
This same video is found here ... http://www.cbc.ca/doczone/meltdown/
Thought I recongized the first 5 seconds ... assuming all 4 parts are available ... Doc Zone do some nice work - but then Cdn's are biased ...eh
It chills me and shrivels me to watch Chinese workers wearing parkas in a cold factory making my underwear.
Al Jazeera skipped over Max Keiser's banker terrorist list.
http://www.youtube.com/watch?v=T4oVOFVhV_A
It heartens me to know that they can work and earn some money rather than living for a few years in starvation.
Depends on your perspective and whether you are on the way up or on the way down.
It deeply frustrates me that the very people who buy the underwear from a big box store for pennies, like myself, moan and complain about their jobs disappearing. Where were they when, twenty years ago when they had jobs? They couldn't see that by buying stuff made outside the United States that they were killing their own opportunities?
It maddens me that we can't assemble ten per cent of our population to form a STRIKE FORCE to be deployed against any corporation, politician, investment banker, or any group that attempts what they have been doing in the last 30 years and getting completely away with it because our people haven't the brains, courage, and time to organize a CONSUMERs UNION with awesome power to change things.
THAT's where a real leader, forget elections, I don't care if it's a demigod, as long as the power is there to fight the organized power arrayed against the people. And if they don't all like it, tough.
Its a metaphor for a monetary crisis.
No matter how much money you stuff into your underwear, you'll still be stuck working in a refrigerated factory with no heating for slave wages.
Why shouldn't bankers take advantage of people? Isn't greed good? Isn't self-interest what made this country great? In capitalism you're free to fail even if it's by your own stupidity, politics or simply by being a member of a weaker gang. The strong eat the weak and grow.
You wouldn't know real capitalism if it smacked you in the ass.
What the Bankers have done is rig the system so only they profit with bought and paid for politicians, leverage into the 1000X, and getting rid of Glass-Steagall to allow the banks to gamble with their Fiduciary trust to guard your savings and deposits, and getting the taxpayers to bail them out when they fail, paying them bonuses for doing it.
That's not capitalism; if they committed this kind of unindicted fraud, and corruption in Singapore, or China, or Japan, their hands would be cut off, then their peckers, and their heads.
I suggest everyone watch these two video with regards to the insanity that took place that lead up to this mess:
THE WARNING:
http://video.pbs.org/video/1302794657
Breaking the Bank:
http://video.pbs.org/video/1168339502
The Meltdownman
.
+100
"Meltdown Man, don't worry,
Take your time, don't hurry,
Leave it all 'till somebody else
Lends you a hand.
He's a real Meltdown Man,
Sitting in his Meltdown Land,
Making all his meltdown plans
For nobody"
Great name. Brass ring 4 u :o)
The only thing that can get this world economy going again is to put money into peoples hands again so they can go out and spend it. This can only happen with jobs, and bank loans. All this phony Fed stimulus did very little if anything to get money into peoples hands again so they can go out and spend it. The money went into peoples hands all right...the wrong hands.
jobs + loans = spending ... a recovery.
no jobs and no loans = no spending ... recession.
The banking systems controls our fate.
During the last decade, banks were giving easy loans. Credit was easy and jobs were available. The world economies were doing alright. When the banking system took this easy credit away, everything crashed. Spending slowed and jobs were lost. The banks need to loosen up a little so the world economies can recover. The Fed can help but they won't because their intentions are evil. The Fed loaned out about 15 trillion dollars to their friends so they can buy gold, silver, oil, property, and people. The ownership of the world is moving into the hands of a few people at the very top who operate in total secrecy while the common people are left to suffer. This printed money is not going into the hands of the common person who can stimulate the economies by spending it. And until it does, it's a lost cause.
It's time to try Mellon's "liquidate it all", the things they are trying now have already been tried:
From the Hoover Memoirs:
In this third and most important volume of his memoirs, telling of his ordeal, Hoover writes as a man in anguished earnest, a man whose pride of historical place has been irretrievably hurt. As Hoover sees it, he was far from being the helpless victim of uncontrollable economic forces. Though it may come as a surprise to many wounded veterans of the Great Depression, he insists that he knew just what to do, and was vigorously doing it when his opponents took power, threw away all his gains and prolonged the depression for seven more years.
Turning Away Panic. Hoover passes a stern judgment on Secretary of the Treasury Andrew Mellon, whose only formula, says Hoover, was: "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate." Hoover says that he rejected Mellon's advice, acted promptly after the crash, and was the first President ever to make full use of his powers to cushion a national economic shock. He promoted federal works projects and expanded the federal employment service. Calling in business leaders, he got their promise that capital expenditures would go on and that wages would not be cut. But they often were. Nevertheless, says Hoover, such "indirect relief" measures sufficed to provide a "comparatively mild . . . readjustment," and he assured the country that "we have passed the worst." (Says Hoover: "I did not say 'Prosperity is just around the corner.' ")
In 1931, new disaster threatened when the main European economic structure collapsed, and the convalescing U.S. economy was severely set back. Though confronted then with a hostile Congress and 7,000,000 families without breadwinners, Hoover feels that he met the challenge head on. He won a year's moratorium on war debts and reparations, shored up the gold standard, called a world economic conference, set up the Reconstruction Finance Corp., and launched reform of "our rotten banking system." Says he: "[These] great legislative and other measures . . . turned away panic and started us on the road to real recovery around July 1932."
Back to the Bottom. But the Democrats won the autumn elections and wrecked all his plans. ". . . The business world began to weigh the consequences. . . The price of commodities and securities immediately began to decline, and unemployment increased." To make matters worse, there was Roosevelt's "refusal to cooperate" during the four months' interval before his inaugural. F.D.R. accepted an invitation to the White House to discuss economic policies, but once there, declined to commit himself. Hoover was particularly distraught because Roosevelt seemed determined to discontinue the gold-standard policy. As a result, businessmen began shipping gold abroad. Later, bank runs started, spreading from Michigan to Ohio and finally to the whole nation. "The most senseless and easily prevented panic in all history," says Hoover, "[was caused by] fear of the incoming administration . . . A statement from Roosevelt . . . could probably have stopped the panic."
March 4 was the fateful day. The new President closed the banks and launched the 100-day "Roosevelt Revolution" with its rubber dollar, blue eagle, boondoggling and plowed-under pigs, not to mention the phrase: "We have nothing to fear but fear itself." In spite of it all—or perhaps because of it all—the new President established an emotional rapport with the American people the effects of which are still plain on the land. But Hoover never swerved from his conviction that he had been right. "As a consequence of the New Deal devices," he says, "[recovery] never came to the U.S. under Roosevelt during peacetime . . . The primary cause of this failure was the New Deal attempt to collectivize the American system of life . . . That our administrative policies were right is amply evidenced by the fact that after the world turned toward recovery in July 1932, the twelve nations retaining their free economies, and pursuing our policies, fully recovered within two or three years to levels above the [U.S.] boom year of 1929." But in the U.S. the Great Depression roared on till war ended it.
its all complete horse shit.. al jazeera and every other popular news source.
this documentary is not from Al Jazeera this is by the Canadian broadcasting corporation (CBC) i watched it on tv a while back up here in Canuck land .It was a documentary made for their show doczone find the link here http://www.cbc.ca/doczone/meltdown/
monsanto is a despicable filthy rotten evil corporation whose corporate officers will suffer the wraths of hell by being forced to eat organic produce every day of their afterlives....
http://www.sunherald.com/2011/09/27/3462504/monsanto-spent-17-million-lobbying.html?storylink=addthis#.ToJvAujhCGU.twitter
(from Kito's link):
sugar beets, alfalfa, corn, wheat, cotton, etc. - all crops contaminated by cross-pollination = dead seeds, dead people. . .
but hey, they've got a new aluminium resistant seed strain, so the chemtrails won't be affect their profits at all)
http://www.savvyvegetarian.com/blog/health/10-reasons-avoid-gmo-foods
All 4 parts are already available on CBC. This is not from Al Jazeera! http://www.cbc.ca/doczone/meltdown/index.html
All 4 parts are already available on CBC. This is not from Al Jazeera! http://www.cbc.ca/doczone/meltdown/index.html
The Grand Unified Theory of Global Economic Law summarized..........
"Slowly but surely the world is finding out the hard way that free money ain't cheap."
BCBS just infomed me my premiums will rise this month another 12%...it's been soaring up on the average 12% per year for the past three years.
Meanwhile, the banks are giving me 0.1% on my savings.
Obamacare is 100% a failure.
Green
BCBS hiked our rates 15% a few months ago. We switched to a cheaper plan is response, with a very high deductible.
We did too. The kicker is that we were told that until recently we couldn't make any changes without going through a re-rating process due to Obamacare. All current policies were safe as written and 'grandfathered' in. We complained but there just wasn't much to be done without re-applying and perhaps ending up with an even more expensive policy. Now the deductible is higher but the premium lower. Until the next rate hike...
What I can't believe is how conventional this report by al-Jazeera is. They actually imply that Paulson SHOULD have saved Lehman. The report might has well have been written by the Times.
The banks crashed themselves
What a bloody september as predicted:
http://capital3x.com/?p=1757
5th sept: http://capital3x.com/?p=711
29 Sept trade sheet has now been opened for non prem subscribers to know what goes on inside:
http://capital3x.com/?p=2199
Facebook is tracking you, even after Logout:
http://nikcub.appspot.com/logging-out-of-facebook-is-not-enough
... and the website occupywallst.org is blocked by Norton (error: attacking website) because occupywallst.org website is marked as "Event Spam" by Facebook.
Goldman Sachs is a big investor in Facebook.
http://news.yahoo.com/calif-dems-seek-waivers-embezzlement-scheme-193744...
And meanwhile, the government wastes staggering amounts of money on green energy boondoggles.
Http://confoundedinterest.wordpress.com
3/4 of a billion on a Tonapah, NV solar plant? Are you kidding me?
Was the FDIC there to bail out Lehman Bros depositors? Anyone know?
The main part of Lehman was never a bank, so no. SIPC probably paid out on some brokerage accounts though.
http://www.youtube.com/watch?v=JBhAvUTW5ZE
Goldman Sachs Fraud:
http://www.youtube.com/watch?v=bZwMIIJLWOw
Al Jazeera? ?
Yeah, there's a reliably independent view of the West's financial problems.
Next up, an Al Jazeera's series on 'Best BBQ Restaurants in the Deep South'...
Or Moody's giving opinions on international bonds.
this documentary is not from Al Jazeera this is by the Canadian broadcasting corporation (CBC) i watched it on tv a while back up here in Canuck land .It was a documentary made for their show doczone find the link here http://www.cbc.ca/doczone/meltdown/
Terence McKenna, just one of his many brilliant films.
It is so sad that we have to depend on Al-Jazeera, RT.com and PressTv.com to know what we are doing.
erm, shop around, don't "depend" on anyone for truth, just gather & evaluate information.
It's a shame it's a bit dated.
DSK is interviewed before the 'incident', and the Greece scenario is just starting.
Otherwise not a bad series.
Anyone else think Christie LaGarde is kinda hot, like Blythe Masters?
Only if you're a lesbian and want a butch, or blind.
Jamie Dimons home addresses....for when you wanna send flowers.
270 Park Avenue, New York, NY, US
1185 Park Ave, Apt 11l, New York, NY, US
398 Greenwich St, New York, NY, US
211 E 70th St, Apt 10h, New York, NY, US
388 Greenwich St, New York, NY, US
1185 Park Ave, Unit 17l, New York, NY, US
I'm probably too late in this thread to get any response, but is anybody else interested in the fact that it doesn't seem that there is any blame placed at the feet of the "Community Organizing" groups who, through thuggery and politics forced many banks to make many of these toxic loans...
No. File that under preposterous, snickering attempts by the perpetrators to lay blame on others.
You bet there is.
There are few who tamper with economic phenomena who are "blameless". Politicians, the voter or constituent who seeks to take from Peter to pay himself or herself what they have not earned, or inherited, simply because they demand it, are no different than thieves, other than the fact they can not be prosecuted.
And Community Organizers are among those who rank up top in the hierarchy.
The goal of Communist groups is to bring down the system by making the burden on producers, without their consent, so great that they will in the ensuing chaos accept any 'government-sponsored' solution.
You have some agree with you here, but when it comes to handing out penalties and indictments, you have to go where the money is. And that is at Goldman Sucks, Little Dick Fuld, Angelo Mozillo, Lew Ranieri for inventing Subprime loan tranches for packaging as MBS's, thousands of body shop mortgage loan 'brokers', who sought the indigent to take out loans that would not be paid back. If they don't go to jail first, then those who borrowed the money are exempt as well.
Again, I wish this was not so far down the post that nobody will chime in, but seriously: whenever somebody trots out Maxine Waters to make their point, I immediately feel intellectually obligated to shout "Bullshit" and find another source of information.
I'm putting 98% of the blame on the fact that we're running out of oil. Any other blame you come up with is just to take our minds off of that fact. :o)
Money is not an asset. Money is a tool. Whether you die with a 400 foot yatt or you die with dingy. As long as you live your life foe filling your goals. You win. On that note, thank you ZH. I am on my way to my 500 footer.
Uh, sure, your 500 foot "yatt."
Sickening. Wish I had a solution.
In my eyes
Indisposed
In disguises no one knows
Hides the face
Lies the snake
And the sun in my disgrace
Boiling heat
Summer stench
'Neath the black, the sky looks dead
Call my name
Through the cream
And I'll hear you scream again
Black hole sun
Won't you come
And wash away the rain?
Black hole sun
Won't you come
Won't you come
Won't you come?
Stuttering
Cold and damp
Steal the warm wind, tired friend
Times are gone
For honest men
Sometimes, far too long for snakes
In my shoes
Walking sleep
In my youth, I pray to keep
Heaven send
Hell away
No one sings like you anymore
Black hole sun
Won't you come
And wash away the rain?
Black hole sun
Won't you come
Won't you come?
Black hole sun
Won't you come
And wash away the rain?
Black hole sun
Won't you come
Won't you come (Black hole sun, black hole sun)
Won't you come (Black hole sun, black hole sun)
Won't you come (Black hole sun, black hole sun)
Won't you come? (Black hole sun, black hole sun)
Hang my head
Drown my fear
Till you all just disappear
Black hole sun
Won't you come
And sun
Won't you come
Won't you come?
Black hole sun
Won't you come
And wash away the rain?
Black hole sun
Won't you come
Won't you come (Black hole sun, black hole sun)
Won't you come (Black hole sun, black hole sun)
Won't you come (Black hole sun, black hole sun)
Won't you come (Black hole sun, black hole sun)
Won't you come (Black hole sun, black hole sun)
Won't you come (Black hole sun, black hole sun)
Won't you come
Won't you come?
Great. You play the guitar?
From the entry level trader making a mere $ 1 million per year (who previously sold beads on the beach!!!) to the financial pharaohs sitting atop their pyramids, there is simply too much money and too much power in the hands of too few people who are unbelievably, incomprehensibly, unimaginably too fucking full of themselves. Yet, when their shit hits the fan, they haven’t a clue what to do except figure out how to profit further from it falling on the heads of their victims. It’s dangerous for us all, and it doesn’t need to be this way.
I watched this film last night. It is well done and I look forward to watching part three. To me at least, it is very clear that the system of private bankers ruling the world must change, and it is going to change, perhaps voluntarily, but more likely by some sort of revolution. People, ordinary people, are just sick of the instability in their lives.
2008 Was Merely The Appetizer:
http://www.globaltrendanalytics.com/search?updated-max=2011-07-31T20%3A2...
Analysis originally posted on my blog Feb 16, 2011.
“When DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OIL”
http://stockmarket618.wordpress.com