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    Saturday, February 14, 2009

    Our Paradigm engine, crystal ball

    Our Paradigm engine, crystal ball
    By Gerald: Internet Anthropologist Think Tank

    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

    At that time USA had around 1 trillion in debt.
    Now we are at 12 Trillion in debt.
    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?


    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 )



    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.

    Series 7 and 13
    Internet Anthropologist


    Excerpts form:
    Annual Threat Assessment of the
    for the Senate Select Committee on Intelligence

    12 February 2009

    The primary near-term security concern of the United States is the global economic crisis
    and its geopolitical implications. The crisis has been ongoing for over a year, and economists are
    divided over whether and when we could hit bottom. Some even fear that the recession could
    further deepen and reach the level of the Great Depression. Of course, all of us recall the
    dramatic political consequences wrought by the economic turmoil of the 1920s and 1930s in
    Europe, the instability, and high levels of violent extremism. Though we do not know its
    eventual scale, it already looms as the most serious global economic and financial crisis in

    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 162008, 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 MacLehman 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.)

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