Wall Street Coup D'Ètat

This link is a must read. It proves beyond ALL DOUBT that this economic crash being blamed on home owners "borrowing money they dont have" is not the cause of this mess. Here is a quote

That is the future, and it is the future because the vast majority of the $8.5 trillion Dollars of bailout money has simply been stolen.

We were originally told that the whole problem was a sub prime mortgage problem. Unfortunately this is a LIE. The amount of all sub prime mortgages in America is $1.3 trillion Dollars. But the bailouts are already $8.5 trillion Dollars and growing daily. Why do you need $8.5 trillion to fix a $1.3 trillion problem? And that's assuming that everybody with a sub prime mortgage goes into foreclosure and that the foreclosure sale proceeds are precisely zero, not exactly a likely outcome.

So lets look at it another way the total value of all residential mortgages in the USA prime, ALT A , and Subprime as of August 2008 according to the Federal Reserve is $10.6 trillion Dollars THAT IS EVERY MORTGAGE IN AMERICA. According to the Mortgage Bankers Association at this same time 9.2% of all mortgages were either delinquent or in foreclosure. So let's assume that 100% of all these mortgages eventually go into foreclosure and that at auction the total proceeds for the foreclosure sales are zero. I am sure you will agree this is once again a highly unlikely outcome!

$10.6 trillion X 9.2% = $975 Billion Dollars

So a total of $975 Billlion Dollars would be required as an absolute maximum to bail out every single foreclosed mortgage in America. So why do we have an $8.5 trillion Dollar solution to solve a $975 Billion Dollar problem?

www.silverbearcafe.com...

Amazing isnt it? $8.5 Trillion dollars to fix a $1 trillon dollar problem. So the question is where is all this money going?

Well the FED who was sued using the FOIA told Bloomberg that they are not going to tell us where the money is and that they are not government so they are not required to. People this article is powerful and a must read and you must email this to everyone you know. The people NEED TO LEARN OF THIS ROBBERY!!!!!


Edit to Add:

People please click the article link, copy the article, and email it to all of your friends. I dont care how dumb someone is this article spells out the theft that is taking place so any idiot can understand. People NEED to be aware of what is going on. I think people know but if they see how its being done and to what extent we will have more people protesting than just me and a few others.

Also flag this mother so everyone reads this article. Everyone here on ATS who knows of the robbery will now see first hand how its being done.

[edit on 16-12-2008 by mybigunit]

Where does this number 8.5 trillion come from?

Originally posted by Alphard
Where does this number 8.5 trillion come from?

Here is the breakdown. Enjoy.






[edit on 16-12-2008 by mybigunit]

reply to post by Alphard


Out of thin air. They can print an unlimited amount of money.

two lines.

It's called pay to play baby...and it's the new American way.

In these times they don't need cloth or ink to make money. They fire up a computer and like magic someone becomes a billionaire in a matter of seconds.

Money was never meant to be dealt with in the amounts it's dealt with these days.

[edit on 16-12-2008 by broli]

Originally posted by TH3ON3
It's called pay to play baby...and it's the new American way.

This criminal cabal that runs our country and its hypocrisy is laughable. They put Blogovich in jail over the pay to play scheme for $500k or so meanwhile the real pay to play or the real robbery is that of trillions of dollars by the bankers. People please copy this article and email to all your friends. I already have. Have them pass it around. People MUST wake up and this article makes it very clear the robbery.

The Bailout money will be financed in three ways

Just flippin fantastic. Wages are stagnant or falling in many areas. Many people won't even get a cost of living increase this year. Who knows how many jobs will be lost next year.

1. More taxation.

If things continue the way they are, who will be earning any real money to buy the goods or services that will be more heavily taxed?

2. Sale of new debt, to be added to the existing $10.6 trillion Dollars of debt.

Who says anyone will buy the debt? Who says we want the type of people/ companies/ countries that buy the debt to actually do so? What happens when they come knocking and demanding repayment?

3. The money will simply be printed therefore devaluing the purchasing power of all your existing Dollars

Yeah, that worked real well for Zimbabwe, didn't it? Different scales, I know, but if the Fed continues it's ruinous fiscal policy, who knows where we'll be next year, or in 5 years. It's enough to make me

Originally posted by CeltAngel
Yeah, that worked real well for Zimbabwe, didn't it? Different scales, I know, but if the Fed continues it's ruinous fiscal policy, who knows where we'll be next year, or in 5 years. It's enough to make me

I actually happen to think its the 4th option is what they are going to do and that is this...

Dear Friend of GATA and Gold:

Interviewed Monday this week on the "Trading Day" program of Business News Network in Canada, former Federal Reserve Governor Lyle Gramley hinted that a big upward revaluation of gold may figure heavily in the Fed's attempt to rescue the U.S. economy.

The program's guest host, Niall Ferguson, an author and history professor at Harvard, asked Gramley, now senior adviser at Stanford Group in Houston, about the seemingly grotesque expansion of the Fed's balance sheet in recent months.

Ferguson asked: "I've heard it said that the Fed has turned into a government-owned hedge fund, leveraged at 50 to 1. Do you feel nervous about what this might actually do to the Fed's reputation?"

Gramley replied: "I think you have to reckon with the fact that one of the Fed's assets is gold certificates, which are priced, as I remember, at $42 an ounce, and if we were to price them at market prices, the Fed's leverage would look a lot less than it is now."

While valuing the U.S. government's claimed gold reserves at today's Comex closing price of around $822 per ounce instead of the government antique bookkeeping entry of $42.22 per ounce would indeed vastly expand the government's monetary assets, it might not be enough to offset the liabilities and guarantees the government lately has taken on. But the job might be done by revaluing the gold to $5,000 or $10,000 per ounce, as the British economist Peter Millar speculated two years ago might be necessary to prevent debt deflation:

www.silverbearcafe.com...

reply to post by mybigunit


This is an absolutly amazing find! Great job! This is no laughing matter nor is this something I think anyone (in the whole US) never mnd just here in ATS should ignore! This is gospel truth to their rhetoric. MYBIGUNIT! Bigtime flag from me! (I'd flag it 20 mre times if I could!)

reply to post by mybigunit


Holy...... I'd flag the thread again if I could after that article. It's devious enough to actually be plausible. Given the lack of real money in the US financial system, the plan looks really slick on paper.

Originally posted by CeltAngel
reply to post by mybigunit

 

Holy...... I'd flag the thread again if I could after that article. It's devious enough to actually be plausible. Given the lack of real money in the US financial system, the plan looks really slick on paper.

This is why Ive been telling everyone to buy physical gold and silver. They come in small amounts so EVERYONE can afford some. I personally am Silver heavy for I feel the return will be larger for Silver. These con artists cant manipulate gold and silver prices for much longer. The free market will win.

Good Find... it authenticates & supports the info i posted on ATS threads already...

it was never about: sub-prime mortgage > 'Alt A' mortgage> prime mortgages...
It is about the finance industry itself, & all the fraudulent paper and derivatives which have busted the finance system that was based on 'faith' & 'trust'--->viewed through the lens of greed,
which overlooked the unethical & believed by those who were aware, that 'they' could excape the busting of the bubble.

$7-8 Trillion now...and another $10Trillion within the next 16 months

Originally posted by St Udio
Good Find... it authenticates & supports the info i posted on ATS threads already...

it was never about: sub-prime mortgage > 'Alt A' mortgage> prime mortgages...
It is about the finance industry itself, & all the fraudulent paper and derivatives which have busted the finance system that was based on 'faith' & 'trust'--->viewed through the lens of greed,
which overlooked the unethical & believed by those who were aware, that 'they' could excape the busting of the bubble.

$7-8 Trillion now...and another $10Trillion within the next 16 months

Yeah I saw your threads. The only difference between this article and your threads however is this article spells it out clear as day and in a way that any idiot can understand. Thats why I recommend emailing this article to all your friends. I already have. Its time to wake up while we still have a little bit of a world to defend.

It's like they keep digging the grave deeper and deeper.

Little Johnny doesn't need to be buried 600 feet under the ground.

No matter how long you dig Johnny is dead and will not be coming back so get over it already and bury him, your creating more work for yourself than need be.

Geesh what are these people stupid?

Of course not everyone needs to pay everyone else off to keep the system moving but you can only drive over this decayed road for so long before it collapses in a sink hole.

The government is killing itself off and the FED is gonna exterminate itself if this keeps up.

This is an extraordinary article but when Bloomberg went after the FED asking where the $2 Trillion went and the FED pulled the holier than thou crap, its pretty obvious that they've something to hide and that their house of cards is collapsing.
Additionally, anyone who's studied Fiat currency systems
knows that they historically dating back to the Roman times they have ALWAYS failed.
This Bailout was merely to prop up these Failed institutions who are bankrupt until after the Bush criminals have made their clean getaway.

The FED just reduced interest rates to 0.25% today so things have really pretty much hit the bottom because they've emptied their clip and are out of ammo essentially.

Gold AND Silver are back up to $860. and $11.25 respectively due to the Dollar dropping significantly against the YEN and Euro and other currencies.
Interesting how OIL didn't react and was down for the day.

The FED has shot it's wad as far as lowering interest rates are concerned with today's lowering to 0.25% it can now only resort to printing more dollars which will lead to the inflation and why Gold/Silver will continue to appreciate as the dollar weakens in the future.


And everyone here should star and Flag this thread !!

Originally posted by mybigunit
I actually happen to think its the 4th option is what they are going to do and that is this...

....the job might be done by revaluing the gold to $5,000 or $10,000 per ounce, as the British economist Peter Millar speculated two years ago might be necessary to prevent debt deflation:

Original Article

I'm feeling you MBU. Consider...to date, BB has employed every strategy in his 2002 playbook (and then some).....

with the exception of

the last one...the BIG ONE:

Deflation: Making Sure "It" Doesn't Happen Here

Although a policy of intervening to affect the exchange value of the dollar is nowhere on the horizon today, it's worth noting that there have been times when exchange rate policy has been an effective weapon against deflation. A striking example from U.S. history is Franklin Roosevelt's 40 percent devaluation of the dollar against gold in 1933-34, enforced by a program of gold purchases and domestic money creation. The devaluation and the rapid increase in money supply it permitted ended the U.S. deflation remarkably quickly. Indeed, consumer price inflation in the United States, year on year, went from -10.3 percent in 1932 to -5.1 percent in 1933 to 3.4 percent in 1934.17 The economy grew strongly, and by the way, 1934 was one of the best years of the century for the stock market. If nothing else, the episode illustrates that monetary actions can have powerful effects on the economy, even when the nominal interest rate is at or near zero, as was the case at the time of Roosevelt's devaluation. - Ben B.

Full Text

And is the case...as of today

Dollar Devaluation To Fix The Great Recession

S + F,
excellent post, excellent title.
Wall Street controls USA. period.
not Congress, not Senate, not President - Wall Street.
and they do what the do best - steal.

Coup D'Ètat - indeed, i couldn't say better..

Originally posted by OBE1

Deflation: Making Sure "It" Doesn't Happen Here

Although a policy of intervening to affect the exchange value of the dollar is nowhere on the horizon today, it's worth noting that there have been times when exchange rate policy has been an effective weapon against deflation. A striking example from U.S. history is Franklin Roosevelt's 40 percent devaluation of the dollar against gold in 1933-34, enforced by a program of gold purchases and domestic money creation. The devaluation and the rapid increase in money supply it permitted ended the U.S. deflation remarkably quickly. Indeed, consumer price inflation in the United States, year on year, went from -10.3 percent in 1932 to -5.1 percent in 1933 to 3.4 percent in 1934.17 The economy grew strongly, and by the way, 1934 was one of the best years of the century for the stock market. If nothing else, the episode illustrates that monetary actions can have powerful effects on the economy, even when the nominal interest rate is at or near zero, as was the case at the time of Roosevelt's devaluation. - Ben B.

Full Text

And is the case...as of today

Dollar Devaluation To Fix The Great Recession

Good article on Forbes. There are more and more calls for Gold/Silver revaluation. This essentially would solve the issues I feel. Its the only way they can print money they way they have been and justify it. Sad times for most good times for those who are sitting on gold and silver.

Recessions and depressions are caused by the bankers who run the central banks of the world. That is how they take their profits, by bankrupting the people and governments of the world. Wealth never disappears, it merely changes hands. All the money you lost on your home values, your 401k, and even your job if you lost it, are now in the hands of the richest people in the world. The Earth is just a massive plutocracy. There is no such thing as Democracy, Socialism, Communism, or any other form of government. Until the central banks of the world are put down, nothing will ever change.