Geithner’s ‘Dirty Little Secret’: The Entire Global Financial System is at Risk

reply to post by AlienChaser


Hmm, Dennis Kucinich isn't on board yet? That's really strange!

Can I play devils advocate for a second? What is so bad about all of this? If they (the banks) get stabilized again and we don't do the mortgage lending snafu that led to this then wouldn't everything stabilize again? Wouldn't we just advert global crisis?
Or am I just way to naive?
I thought it was Carter/Clinton/Bush(s) that allowed the Fair Lending Act to get out of hand, which started this house of cards tumbling.
I thought the real criminal in all of this was Barney Frank and Co.

Am I wrong?

reply to post by MajorDisaster


I'm thi nking that there are a lot more folk out here on the forum who are a lot smarter than I am. However, I would, at this point, simply say, "You're surprised, HOW"???

It dawns on me that we ought to be taking advantage of the financial system and this forum, while, as my Grandaddy used to say, "The gittin' is good"...

Might not be here much longer. On the other hand, I'm not of any note as a prognosticator.

Why is the United States of America screwing everyone's economy up?

Well, the USofA invented the current economoic structure.

And... WE(the USA) are tired of buying all of everyone elses CRAP.

NOW is the time for opportunity.

NOW is the time to invest in the things that REALLY matter.

The USA is now finally buying things it really needs instead of plastic crapola from countries unknown.

Oh why don't YOU start BUYING some of OUR crapola???????

"Two-edged sword" seems to be a philosophy that is rife with hypocrisy.

Desolve the Federal Reserve Bank and split up the bad banks into sections not connected to each other and kill the bad section altogether. Ofcourse the banks are too large but not large enough to fall if you split them up. Or any big organization for that matter. The losers get killed and the winners still stay on board. At least this way the economy wouldn't have been in this mess in the first place.

Originally posted by OpusMarkII
Help me out here, didn't JPMorgan Chase make donations to Obama's campaign ?

sure they did and while little timmy the (kissinger protege) was head of the NY Fed he was taking alot of marching orders from JAMIE DIMON who has on the NY fed's board of directors! and CEO of Jp morgan...what a joke!

it is sickening and this article by william Engdahl is being linked everywhere (including even infowars.com) it may be better to link it to somewhere like market oracle....so even those who believe everything conspiracy related is nonsense so they can sleep better....maybe able to sneak a little corruption -reality thru there (comfort zone) filters.....for their own good

what this doesn't mention is that also the Bonds held by these FIVE major financial firms appear to many to be a major obstacle in getting these banks put into receivership.....because connected and foreign bond holders would take a cut (seems believable as one of the reasons).............in this scenario...some pension money would take a hit as well (a few %...very manageable...a poor excuse offered up by the corruption specialists) .....but not nearly as much as was just revealed .........you know the story that the big pension agency PBGC changed their investing strategy aggressively in the months prior to the stock market crash (they went heavily into stocks).....and there losses are looming large

market-ticker.denninger.net...





[edit on 30-3-2009 by cpdaman]

[edit on 30-3-2009 by cpdaman]

No one has yet WHY this monopoly is such a bad deal? Who cares if they own it all, as long as it is stabilized?

What am I missing here folks?

reply to post by mikerussellus


Because they are above the law, they answer to no one, not even the President, they have subverted the Constitution, they have so much power than they can even engineer wars and kill millions of people....... and all that just off the top of my head

reply to post by MajorDisaster

Hmm, Dennis Kucinich isn't on board yet? That's really strange!

Yes, an odd move for a man who recently said this. Don't you think?

16. Monetary Policy: It is long past the time that we looked at the implications of our debt based monetary system, the privatization of money created by the 1913 Federal Reserve Act, the banks fractional reserve system and our debt-based economic system. Unless we have dramatic reform of monetary policy, the entire economic system will continue to accelerate wealth upwards. I am currently working on drafting legislation for an 'American Monetary Act' to address these and other issues in order to protect the economic wellbeing of America

Kucicichs' Recovery Plan

He want's even more aggressive action, so does Ron, and so do I. I won't be satisfied as long as the federal reserve exists.

BUT,

You would think that with a first step transparency bill like this, with a growing group of supporters. That he would be one of them.

This bill is so cut and dried that it stands to really seperate OUR representatives from THEIRS

I can be happy that Wisconsin has two supporters but my own Tammy Baldwin has yet to respond to me about it.

Originally posted by Manwin
Just when I think "Oh it's just Prisonplanet" I'm reminded of about 2 years ago (when Alex Jones got back from the Bilderberg meeting) he said something about the housing market, before the bubble bursted i.e subprime mess we saw ourselves in.

The Infowars article is 100% correct in the fact that the Gov is now selling CDO's to private investors, while covering most of the costs, to take the load of bad loans off the banks balance sheets. Of course, they refuse to call the .. er... instruments "CDO's" of course... and they also have never blatantly stated that CDO's (Collateralized Debt Obligations) and their insurance policies CDS (Credit Default Swaps) are what brought the house of cards down. That CDS's protection on CDO's voided the assets as a liability, allowing the leverage of dollars to expand -- ie cheap credit.

That being said, anyone who follows the economic situation closely can attest that this much is 100% correct. As to the actual amount of derivatives on the bank's balance sheets I cannot say, however I can say that I have never seen numbers that large. We know that there are approx 50TRILLION in outstanding CDS obligations alone, so we can assume that those CDS's void an equal amount of assets, such as mortgages, credit cards, etc.. meaning another 50trillion in over leveraged assets. Simple case of rapid expansion, if not regulated and controlled, the expansion implodes. The bank's balance sheets are very opaque, it's hard to tell exactly how much "bad debt" is out there.. but we do know for a fact it's literally impossible for the Government to insure all of it, or even most of it.. without destroying the Dollar and the entire economy.

Originally posted by MajorDisaster
reply to post by mikerussellus

 

Because they are above the law, they answer to no one, not even the President, they have subverted the Constitution, they have so much power than they can even engineer wars and kill millions of people....... and all that just off the top of my head

Why (still playing devils advocate) would they want to do something that would inherently harm them, or their bottom line? And wouldn't they have to play within the rules just to keep business going? I mean, monopolies have occured throughout this republic, just now it's a 'monopoly' on money.

reply to post by mikerussellus

No one has yet WHY this monopoly is such a bad deal? Who cares if they own it all, as long as it is stabilized?

What am I missing here folks?

They already do own it all. They are in the process of being exposed!
The instability is caused by design of the federal reserve itself and when they contract their magic bubbles we are forced to borrow even more to try and save them from the crisis that they themselves caused knowing full well what we would do. Then they refuse to tell us where these trillions have gone because we are not legally allowed to audit them.

If you don't see the problem with this, could I borrow a couple bucks?

Originally posted by AlienChaser
reply to post by mikerussellus

No one has yet WHY this monopoly is such a bad deal? Who cares if they own it all, as long as it is stabilized?

What am I missing here folks?

They already do own it all. They are in the process of being exposed!
The instability is caused by design of the federal reserve itself and when they contract their magic bubbles we are forced to borrow even more to try and save them from the crisis that they themselves caused knowing full well what we would do. Then they refuse to tell us where these trillions have gone because we are not legally allowed to audit them.

If you don't see the problem with this, could I borrow a couple bucks?

Sure, mind if a charge interest?
Seriously, I didn't know enough to succesfully argue this so I ask the simple questions.
Thanks for the insight.

reply to post by mikerussellus

Sure, mind if a charge interest?
Seriously, I didn't know enough to succesfully argue this so I ask the simple questions.
Thanks for the insight.

Nice I think you have the idea

I've said this all over latley but I belive it is that important that people understand the basic premise at least.

The federal reserve is a private bank that loans money to the U.S. government like this

We borrow money at interest, so the second that money is created we are in debt because of the interest.

The only way to cover the interest is to borrow more creating even more instant debt.

The fed contracts and expands the money supply fluctuating our economy at their whim.

They have the power to cause us a deppression or good times, but not the power to sustain good times forever because good times require exponential growth. So we have this system of bubbles now because we use fiat money. Underr the federal reserve system our currency is backed by nothing, not gold as it used to be and as many people still believe. The value of the dollar is directly related simply to how many dollars are circulating.

See the problem with borrowing 2 trillion dollars (at interest) that did not exist in the system before? It pays the immediate bills, but now the dollar has less buying power because of the inflation.

Also note that your children will still be paying the interest back to the private owners of the federal reserve bank.

100% of individual income tax collected goes directly to pay this interest.

Are you mad yet?


You might wonder why we have a central bank at all? why doesn't our government print it's own money? It's a good question.

Do not underestimate the power of the banking empire, every president who tried to end the fed has been assassinated, exept Reagan who survived the attempt but left the fed alone after that. Central banking is the truest form of evil.

Ugh, this whole thing is just sickening.

The way I see it there is nothing we, the common man and woman, can do about it. The best we can do is hope that our politicians grow some balls and stand up to the money makers rather than bowing to their will. Damned gutless politicians! Here they are supposedly representing "the people" and upholding the Constitution, but they are failing miserably and don't appear inclined to do a thing about it.

Even if, some how, some way, the Federal Reserve is abolished, that's just one monetary system, one piece of the global economy, and a single part of a much larger deck of cards that the money controllers have in their hands. If the Fed just happens to be eliminated from the picture, they'll just figure out some other way to gain control...to assimilate the American economy.

Something needs to happen on a global level. The men and women behind the curtain who control money need to be addressed directly. Toss them all into a nice comfy prison cell with some of the folks they've screwed over during the past few decades. Let them learn a lesson or two about what it's like to be poor and experience some suffering for once.

Bretton Woods system(Wikipedia)

To be a bit more fair here, this isn't about Tax Cheat Timmy, this is about a policy that spans a whole generation that is now coming to a close. Supported by everyone from Dwight D. Eisenhower, to Ronald Reagan, to Barack Obama. All legislation that arose from the Bretton Woods Agreement in July of 1944 has been a reaffirmation of that agreement ever since. And hence every piece of legislation inspired by it is a nail in the coffin of America's gigantic bubble economy... The Bretton Woods system officially collapsed in 1971, yet it's influence has been felt across the whole world. Especially in the US, with the rise of Keynesian Economics and the New American sytem of Corporate Welfare, which Keynes wholly advocates. The truth of the matter is this, This system we use today has subtle inherent flaws that are useful only to those who know the system and it's mechanics. And It isn't the Traders, and it isn't the Banks, or the Shortsellers, or even the whole of Congress. It is the people who have made the most money and garnered the most power and influence. Names we'll likely never hear.

Remember it took 20 years to discover Madoff, and it took an economic collapse to make it happen.

[edit on 31-3-2009 by projectvxn]

I KNEW IT!!!!

If I could figure this out last year as to what is going on with the banks, it took me several weeks to figure it out but I had a hunch. I wonder if I could figure it out, how many others have done so(pat on back).

What we got here is a simple ransom demand......if we don't pay up, the banks will let the economy tank (depression), the same thing they did back during the Great depression.

That was the reason the Feds took us off the gold standards, so they could print up as much money as they want and not be accounted for by anyone.

But to make the population poorer, they would have to drain the economy, to do that they would have the poor 'pay' for the money they are handing out to these banks.

I'm beginning to believe the Elites are trying to bring the U.S. down to third world status, and us living in cardboard shacks.

Am i on the right track.......

OH! S&F

Originally posted by merryxmas
I couldn't imagine bankrupting and ruining the life of a single person let alone an entire world. These people lack any kind of redeemable virtue.

Yes, After trying to understand their point of view of their actions, I can only conclude that as children they were raised so far from human values, those values that actually separate us humans from stereotypical monsters, that they have become monsters. Inhuman in their behavior.

What makes us human? Compassion, love, sentiment, anger, jealousy; a wide range of emotions. Those stereotypical monsters in the movies contain emotions too, but are void of those that would make them human.

Logically, these moneychangers are inhuman. They behave in a way that is destructive to humanity. Do some more math on this. Don't use a scratch pad, do the math in your head.

In my opinion, they are so far sicker and monstrous than psychopaths, sociopaths and any other paths you care to enumerate. Anyone else and they would be institutionalized as 'lab rats' for drug testing.

A post-mortem analysis of their grey-matter should be required to conclude whether or not their brains contain chemical imbalances. If so, how can modern medicine pre-empt this kind of sickness.

When someone develops the 'Bilderberg-itis Syndrome' , we can treat it with, perhaps, drugs from Monsanto.

It doesn't always "take one, to understand one."

Originally posted by merryxmas
Very telling. I wonder if the sheeple will ever catch on and when they do it will be far too late. The thieves will just pack up and fly to South America if there were ever an outcry so great as to threaten them personally. Once down there they will live like kings as the entire world laments and starves. Then again it would never get that far because they will just use their media puppets to convince the sheep that they saved them all the while they are robbing them of everything. I couldn't imagine bankrupting and ruining the life of a single person let alone an entire world. These people lack any kind of redeemable virtue.I couldn't imagine bankrupting and ruining the life of a single person let alone an entire world. These people lack any kind of redeemable virtue.

This is the main reason a majority of the populous will not wake up. ...They cannot fathom the magnitude of corruption because they could never bring themselves to do it. Even in the average malevolent mind, it is completely outside the realm of possibility.

reply to post by MajorDisaster


Great post!

This gets to the 'heart' of the matter.

Good to see another is paying attention.

Is it spoken with 'virility'?

We'll see soon enough.