The Secret That Will Destroy the World's Financial System

The money went overseas to bail out everyone but us and thats the big secret. Bloomberg knows that and thats why he wants to know just who got the cookie jar. Knowing the FED they probably sent most of it to Dubai.

They know most Americans would flip the hell out if it is confirmed. I still can not understand how this crap has gone on for so long. Americans need to stand up and say no more.

Originally posted by Rockpuck
I don't think there is anything sinister regarding Bloombergs lawsuit, if it were just a ploy, the banks wouldn't be this pissed off.

If the banks didn't act pissed off, then we'd know it was a ploy

[edit on 29-8-2009 by McGinty]

The big banks wanted the FED as insurance as well as a way to lend out more money than deposited in member banks. The FED obviously doesn't want to reveal the weak banks in its system for fear of causing runs on the weak banks.

The FED also has international banking relationships it may not want to reveal in terms of national security or because of unusual circumstances. Most nation's word is their collateral. That's why we had the rush to save the investment banks, it was to back up our word.

The early FED history has an episode of it saving the British system by inflating currency. The inflation of currency helped lead to the crash of 1929. Early FED History So I am implying the FED may be bailing out another country and not want to reveal that, if it is true.

[edit on 29-8-2009 by A52FWY]

It's plain logic.

When you have a corrupt and flawed financial foundation it does not take much to make it collapse.

Money, and finance are exactly the same as building a building, if you have any missing bricks or a weak foundation, it will collapse, and if you have someone or some group stealing bricks, or compromising any part of the structure it will fall.

Not rocket science here.

If the building was sound the Feds would say, "Sure come on in we are proud of our building."

But this is not the case and they are corrupt, flawed, and hiding issues.

Thank for the post S&F!

I like to look at what they are actually saying first before moving on to the more exciting theories.

IMHO they are claiming that if the public knows which banks needed the money it would create a panic and cause these banks to fail completely which in turn would overwhelm the insurance and safety systems designed to keep the financial system safe and solvent during a crisis.

I tend to believe China pressured the US to make good on a percentage of their debt or they would be forced to sell their US bonds.

The capitalists have moved on to happier hunting grounds in "developing" nations with no labor movement and no regulations. Most Americans have simply no idea they were robbed of their imagined worth when the US began allowing their jobs and commodities to be shipped overseas in exchange for cheap labor.

I have been reading the financial posts on ATS and other forums and I think it is time for you to take in to account OTHER important information.

Many "not American banks" have been buying "litle" Banks, an large participations in other banks so they can also get some of your never ending taxpayer money.

One exemple:

Opus Dei Bank - 1926: Founding of Banco Popular Español (BPE)

- 2007: BPE bought a small bank in Southern Florida (United States of America) called TotalBank for 300 hundred million US$. The bank has 14 branches in Miami Dade County and 250 employees
en.wikipedia.org...

Another:

Santander buying back $23.6B in debt
philly.com
Aug 24, 2009

Aug 20, 2009 3


Sovereign Bancorp has cut its Pennsylvania staff to 2,710, from 3,227 at the beginning of the year, confirmed spokesman Andrew Gully, when I asked him. Cuts aren't just at the Boston bank's former Wyomissing and Philadelphia headquarters. It's "across the business lines," says Gully, spokesman for Sovereign, which is owned by Spain's Banco Santander. Nationally, Sovereign has slipped from 12,000 to just under 10,000 workers in eight states. So 517 jobs gone in PA, some of them after the January 30 deal between the bank and dissident shareholder-employees. That deal says "Santander will not terminate and will not to permit Sovereign to terminate, except, in either case, for cause, the employment of any Sovereign employees employed by Sovereign in the Commonwealth of Pennsylvania" until next year.

Banco Santander SA, Spain's biggest lender and the parent of Sovereign Bancorp Inc., is offering to buy back asset-backed bonds with a face value of 16.5 billion euros ($23.6 billion) at a discount, Bloomberg News reported today.

- Sovereign Bank is the 19th-largest banking institution in the United States
The bank has more than $90 billion in assets, operates 750 retail banking offices, over 2,300 ATMs

en.wikipedia.org/wiki/Sovereign_Bank

Another:

Spain's BBVA to take Guaranty assets, sources say
chron.com
Aug 20, 2009 81 related


Banco Bilbao Vizcaya Argentaria of Spain has been selected to take over assets of Texas lender Guaranty Financial Group in a U.S.-assisted transaction, people familiar with the situation said Wednesday.

I could go on and on... but I think you can get a good picture of what I'm talking about.

reply to post by Lastone


They can buy, sell, trade, swap, exchange or whatever other manipulation they want, it has very little to do with any one country's banking system.

This is about the Federal Reserve, they are a conglomeration of world cartel.

Your on the right track here.



[edit on 29-8-2009 by Realtruth]

.... The Collateral is the Nations National forests... Add that up...

The Jesuits

- More recently, since 2007 the Bank of England has, in its role as lender of last resort, been supporting Northern Rock, a specialist mortgage lender that suddenly became unable to rely on wholesale market borrowing to finance its lending operation following the 2007 subprime mortgage crisis and the subsequent reluctance of lenders to take on more mortgage debt.

In 2006 the bank had moved into sub-prime lending via a deal with Lehman Brothers. Although the mortgages were sold under Northern Rock's brand through intermediaries, the risk was being underwritten by Lehman Brothers

This is so fanny lol... take a look at this:


About Bank Of England:
Bank Of England is the 3,326th largest bank in the United States. Bank Of England makes its headquarters in AR. Bank Of England is the 59th largest bank in AR.
# Bank Of England (as of 3/31/2009) has 6 branches and employs 136 people full-time.
# The current holding company of Bank Of England, established on 8/8/1898 is MHBC INVESTMENTS LIMITED PARTNERSHIP I LLLP.
# Bank Of England has $170 Million in total assets and the net operating income of Bank Of England is $533,000.

Now the real information:

Bank of England offers personal and commercial banking services. The bank was founded in 1898 and is based in England, Arkansas. Bank of England operates as a subsidiary of MHBC Investments Limited Partnership I LLLP

MHBC Investments Limited Partnership

www.sos.arkansas.gov/corps/search_corps.php?DETAIL=203593&corp_type_id=9&corp_name=&agent_search=&agent_city=&agent_state=AR&filing_number=&cmd =

/www.ibanknet.com/.callreports/getbank.aspx?ibnid=usa_2795083[ /url]

[url=http://cassidi.stlouisfed.org/institutions/2795083/]cassidi.stlouisfed.org/institutions/2795083/

Do some investigation about MHBC Investments Limited Partnership, you'll love it.

Even though the Fed lost the case, it will file appeal after appeal and do the delaying legal dance for so long that people will forget. Papers will be lost, files deleted, people will take the fifth and round and round we go. I hate to be so cynical, but, we all know it's true. These guys are gonna get away with pretty much whatever they want and the American people have no choice but to sit and take it.

From reading through this thread I am reminded of a very good thread started by a very brilliant member. If I may use his words in an external quote.

Regardless of how the world is complicated, markets are complex or whatever you want to believe the one truth here is that, money is a promise from the government. It all boils down to those promissory notes we work so hard for.

If you can see what I am saying here thats great and if not ill boil it down even more. Everyone is working hard in this world for a false promise, the reason it is false is because you give your time and effort to give a government back their own promise. You are being mislead into thinking that money gives you the power to do things in life. What is the most powerful weapon that everyone has to combat this lie? Belief! Stop believing lies and the lies will be doomed by the truth. See my point? If people wonder a little about this it should click into the big picture of what the lie is and what the truth is. We are all running around in a race for someone elses wishes, you are making their wishes come to reality by believing their false promises. We even delude ourselves into thinking we are in debt to someones promises?

www.abovetopsecret.com...

I mean really, who thought that paying a bank to live was a good idea in the first place? We seem to be believing that those promises are really backed up with truth. What do they care, they'll just print more promises for us to fight over.

Just read the front message.

cassidi.stlouisfed.org/institutions/2795083/

Sorry I forgot ... click accept for a surprise.

Originally posted by Mrwrinkleintime
.... The Collateral is the Nations National forests... Add that up...

That is the truth.

Countries have sold their collective souls, and land for paper, paper that was created from illusion.

Money is based on faith, Faith from each individual that trades his time for money and deposits it in a bank, which in turn is controlled by a few.

Asked yourself how much faith do you have today?

reply to post by dooper

Because they're so big, because their good buddies control the money printing presses, they feel they aren't accountable

You have it wrong! It is the BANKS that create money. Congress gave them that power in 1913.


First: What is the difference between Money and Wealth?

Wealth:
Adam Smith, in his work The Wealth of Nations, described wealth as "the annual produce of the land and labor".. Adam Smith saw wealth creation as the combination of materials, labor, land, and technology in such a way as to capture a profit, that is an excess above the cost of production. The theories of David Ricardo, John Locke, John Stuart Mill, and Henry Thornton, in the 18th and 19th century built on these views of wealth and became known as classical economics.

Marxian economics (see labor theory of value) distinguishes in the Grundrisse between material wealth and human wealth, defining human wealth as "wealth in human relations"; land and labor were the source of all material wealth. en.wikipedia.org...

Money:
Money is Coin, Currency (paper money), and credit. If the paper money is not backed by gold, silver or other “wealth” it is a fiat currency (since the 1970's thanks to Paul Volcker, Obama's Financial Crisis Czar) and only as good as the people's trust. US federal reserve notes, and credit is “created” by banks and in many cases thanks to “fractional banking” it is backed by absolutely nothing. Fractional Banking: www.jeremiahproject.com...

The purpose of the Fed is to create money and to make a profit for the Bankers .

Money is Created by Banks: Evidence Given by Graham Towers to Canadian Parliament

Q. But there is no question about it that banks create the medium of exchange?

Mr. Towers: That is right. That is what they are for... That is the Banking business, just in the same way that a steel plant makes steel. (p. 287) The manufacturing process consists of making a pen-and-ink or typewriter entry on a card in a book. That is all. (pp. 76 and 238) Each and every time a bank makes a loan (or purchases securities), new bank credit is created — new deposits — brand new money. (pp. 113 and 238) Broadly speaking, all new money comes out of a Bank in the form of loans. As loans are debts, then under the present system all money is debt. (p. 459) freedomprime.blogspot.com...

What has been done is the bankers have given the people of the USA "fairy dust" otherwise known as fiat currency in exchange for their labor, land and resources. If the people on the Left and on the Right as well as us centralists ever get the facts through our thick skulls, no banker, financier or economist will be safe setting foot on these shores again.

To put it bluntly the contracts used to transfer your wealth to the banks, morgages and credit cards, are illegal contracts, according to the Universal Commercial Code, because the bankers exchanged nothing of value for your wealth. In most cases the "money" was created on the spot by a computer entry. I have a friend who won a court battle with the credit card companies based on this fact. Others have also done it. (Sorry can't find my reference)

Originally posted by redhatty
HEH, read the banks actual filing, believe me, it's that bad

Full Filing Found Here - PDF Warning

Thanks for posting that! What a laugh! If the truth comes out it wil kill us is what it says basically. Aw, poor, poor big banky-poohs!

Socialism for the rich, capitalism for the rest of you!

My guess is that its all about OIL.
I would not be suprised if the Middle East Countries like
Saudi Arabia are the silent partners in how our financial system operates.

Like any TV Crime Show...FOLLOW THE MONEY...it will lead to the owner.

I have a few questions:

Will this be the start of WW3?

Will the war start because the secret is out?

or, Is the secret that the "money" is being used to fund the war?

What came first, the chicken or the egg?

Originally posted by PenandSword
I think it is quite easy how to make it all worthless. STOP PAYING TAXES! Stop buying crap. Live off your land (as much as you can...grow a garden...even a little kitchen sprout garden is good enough). Buy from local farms, bakeries, butchers.

Refuse to play the game. All it takes is a movement. Thousands become hundreds of thousands. Hundreds of thousands become millions. It has to start right now.

[edit on 29-8-2009 by PenandSword]

I agree with you. The fastest way to bring them all down is to stop spending and have an organized nationwide work boycott. These methods are non violent and will get results much faster.

The secret is very well known by anybody following the story. All the banks, except for a few small ones, are completely insolvent, and this is world wide. That is, the entire banking system has only debt, no assets.

The info that they don't want to release is that the Fed has been loaning trillions of dollars, buying assets for ridiculous prices, basically giving away 12 trillion dollars to prop up the system - with the hope that the crisis will just 'fix itself'. The particulars as to what bank got what is what Bloomberg is after - and why - because it is the law. The FDIC is supposed to close down insolvent banks. But they can't. Because they don't have the 3 trillion dollars it would take to do so.

Anybody who's interested in this topic should really be reading, Zerohedge and Mish.