Our Paradigm engine, crystal ball
Our Paradigm engine, crystal ball
By Gerald: Internet Anthropologist Think Tank
1.14.09
Ever have a bad dream about getting hurt etc.
And your so happy when you wake up,
Cause it wasn't true but seemed so real.
I'm hoping our economic paradigm is
just a bad dream, and soon we will all wake up HAPPY.
I've been reading about the Nationalization of the Banks.
It is false, turn that 180 degrees, it actually is the privatization of
the Federal Reserve
The Feds. handed out 2 Trillion dollars to the banks,
no strings attached.
There is no control of those banks but it looks like the
CRIMINAL banks have considerable control of the
Federal Reserve.
The Government is trying to avoid some big bumps
in the road but in the process are steering for a cliff.
They have run up Trillions in debt, our economy is
debt driven. During the cold war USA could borrow
from Germany, Japan and Opec countrys by selling
them Treasury Bills, notes and Bonds.
Russia couldn't. They had to finance the cold war
with cash. And USA just out spent them, crashing
their economy. They couldn't keep up the arms
race on just their hard cash, while USA could
borrow.
At that time USA had around 1 trillion in debt.
Now we are at 12 Trillion in debt.
Thats all current economist know, a debt driven
economy and they have
seen it work quite well in the past.
US Bonds are trusted as a safe haven for cash
and always convertible to cash the world over.
But USA banks have poisoned the well, with toxic
sub-prime paper, and the regulators turned a
blind eye to the Banks criminal activities,
packaging loans they KNEW would turn bad,
and got them rated AAA investment paper.
A clear swindle.
US banks leading way to world depression.
Then sold them to China, Russia and the rest of the
world, in ( TYPO =hundreds) TENS of Trillions of dollars.
The guardian of the worlds financial system
USA, just screwed the world, let the Banks sell
toxic bad sub-prime paper.
The chairman of the Federal Reserve admitted
on TV he saw it coming and felt powerless to do anything.
This is going to set the democratizing agenda back 30 years.
And gives American capitalism a black eye.
And has caused considerable dammage to our China and
Russian relationships. I expect Europe to see it for what it
was Banking fraud and not an American Gov. conspiracy.
And is the contributing factor for the resulting World Depression.
American Banks have almost done what the Russians and al Qaeda
couldn't do, take out the American economy.
Al Qaeda has already tried to take credit for the American economic .
debacle. George will go down in History as leading the war on Terrorism and
the President when American Banks robbed the world.
There is a lesson from the first Great depression that congress forgot,
Why they banned Banks mixing into Wall Street, with
The Glass-Segal act, a law passed in the 1930s that mandated a
separation of lending and investment banking, was repealed in 1999.
To create sub-prime investments, banks injecting sub-prime paper directly
into Wall St. We can trace this Depression to the sponsors of that 1999 bill
and the Lobbyist who bought them.
( Some one leave me note in comments, who they were. G )
And 9 years latter US Banks have defrauded the world of hundreds
of Trillions of dollars....... I told you so in 1999...G
And the bank's lobbyists have privatized the Federal Reserve
The tip off should have been when US banks started
to charge usury / criminal interest rates.
And now the Government wants to spend its way out of this
debacle with the "stimilus package".
Expecting to sell T bills notes and bonds to raise the funds
to try and counter the Depression.
Sell to whom?
xxxxxxxxxxxxxxx=xxxxxxxxxxxxxxx
Germany - the heart and soul of the European Union, is now facing their largest deficit since WWII and their deepest recession since reunification. Doubts are beginning to emerge about the engine of the EU. "Once the world's exemplary fiscal student," Investment Director Eric Roseman wrote last week, "the Germans have now been forced to join the bailout parade in 2009 as her economy comes undone and deflation grips its banking sector." And their bond market - one of the largest and most liquid in the entire world - has actually been forced to cancel several auctions in the last few months, citing insufficient demand. Doubts have only just begun to arise regarding the EU. Several credit downgrades and these canceled German bond auctions are bringing a rapid end to the EU's honeymoon phase, and their future is increasingly uncertain.
As we saw on Wednesday and Thursday of last week, Japan and China are both export-oriented economies, and they're both suffering from the precipitous drop in U.S. demand for their finished goods. In China, this is leading to mass unemployment - a recent survey estimates some 10 million migrant workers lost their jobs in the third quarter of 2008.
( China's exports are down 17%. G )
SOURCE:
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On one of the TV news shows the the anchor asked whom we were going to
sell the Treasury paper too?
The Federal Reserve guest said the Middle East.
Oil has gone from a high of $147 BBL to $33 bbl Friday.
This is a world Depression.
I expect they will monetize the spending .
Which will create huge inflationary pressures on Prices and deflationary pressures on the currency.
In this bad dream I see the taxpayer spending $10 to buy what used to
cost $1, from the combined effects of huge inflationary pressures on Prices and deflationary pressures on the currency.
They should have included $300 billion in the stimulus program for Food
stamp programs and soup kitchens.
US needs to beef up the Social support net for its citizens.
US is about to switch from a debt driven financial system to
one of Cash, THE HARD WAY.
Gerald
Series 7 and 13
Internet Anthropologist
.
BACKGROUND:
FBI shifting agents to match threat Assessment, to protect the economy.
FBI may shift counterterror agents to anti-fraud
Law enforcement
The number of Federal Bureau of Investigation (FBI) agents assigned to mortgage-related crimes increased by 50% between 2007 and 2008.[247] In June 2008, the FBI stated that its mortgage fraud caseload has doubled in the past three years to more than 1,400 pending cases.[248] Between 1 March and 18 June 2008, 406 people were arrested for mortgage fraud in an FBI sting across the country. People arrested include buyers, sellers and others across the wide-ranging mortgage industry.[247]
On 8 March 2008, the FBI began a probe of Countrywide for possible fraudulent lending practices, securities fraud.[249]
On 19 June 2008, two former Bear Stearns managers were arrested by the FBI, and were the first Wall Street executives arrested related to the subprime lending crisis. They were suspected of misleading investors about the risky subprime mortgage market.[245]
On July 16, 2008, an unnamed US Government official said that the FBI is investigating IndyMac for possible fraud. It is not clear if the investigation began before the bank was taken over by the FDIC upon its $32 billion collapse. [250][251]
On 23 September 2008, in response to concerns about the bailouts of so many firms, two government officials stated that the Federal Bureau of Investigation was looking into the possibility of fraud by mortgage financing companies Fannie Mae and Freddie Mac, Lehman Brothers, and insurer American International Group, bringing to 26 the number of corporate lenders under investigation.[252]
This months Feds Stats:
( I grant my permission ot post it in its entirety if you wish as a PSA.)
Labels: crystal ball, Our Paradigm engine
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home