How the financial crisis was engineered and who engineered it

reply to post by fordrew


I think the op is on the money. He doesnt need any degree in economics.
He is just where this scam begins.

Great observation Op, and many great posts on this thread.

I am surprised that I have not seen it pointed out that the whole con was based on a private corporations rating of the collateralize debt. This is where the con took place. This is often mentioned, but no one has bothered to mention that maybe the people who falsely rated bad investments as good, or at least the people in charge, should be charged with fraud.

Personally, I think this all began with the false energy crisis in the 70ties. This created the stagflation that lead to the elimination of the laws that restricted interest rates.

The collapse of the Midwest manufacturing base sent people running to the major metropolitan areas to find jobs, most of which in the eighties centered around the military industrial complex. This allowed the Reagan admin to redistribute the economic base of the country. With most living in the suburbs, the population is easier to control.

Then, a sizable slave population is introduced through illegal immigration. They aren't exactly slaves, but pretty close.

Throw in perpetual war, and all the ingredients are there, basically a repeat of the changes that turned Rome from a Republic into an Empire.

reply to post by scwizard


They didn't want to take their fiscal medicine from the tech boom so they lowered rates to start another bubble in the same bubble as of late 80's and early 90's, real estate. The difference is that this time they securitized the mortgages and lied essentially to the buyers of the securities. Now this time they have made a horrible mistake, they have moved the debt of the private banks to the national banks and countries debt and know we are going into the last bubble, which is the sovereign debt. implosion. Where screwed and went to the one thing that we shouldn't have risked to make a bubble with.

[edit on 2-5-2010 by djvexd]

Originally posted by charlie0
The world is not stupid. You can fool them once but not all the time. What happens when you lose integrity. Even if you hold gold in the hand, the others may think it is fraud. If US wants to restore the integrity, they better do something that the world can trust them again.

You're right

If a hand full of Brazilian terrorists attack us, we will act swiftly
by bombing El Salvador!!!

Trust in that!

[edit on 2-5-2010 by Janky Red]

Originally posted by hoghead cheese
reply to post by scwizard
Now this time they have made a horrible mistake, they have moved the debt of the private banks to the national banks and countries debt and know we are going into the last bubble, which is the sovereign debt. implosion. Where screwed and went to the one thing that we shouldn't have risked to make a bubble with.

Yes, the sovereign debt bubble is the "last bubble". However this bubble is different, due to the existence of a fiat money system. No one on our level has any idea what the end game is in this case, but we're about to find out.

The only way anything could be done about this huge theft of wealth under GW's admin, is if the Obama admin takes action, but the Obama admin isn't going to be able to just jump right in. Obama will have to slowly maneuver the right people into place before any action is taken. This is, IMO, the only possibly way these people can be punished for their crimes.

Originally posted by hoghead cheese
reply to post by scwizard

 

They didn't want to take their fiscal medicine from the tech boom so they lowered rates to start another bubble in the same bubble as of late 80's and early 90's, real estate. The difference is that this time they securitized the mortgages and lied essentially to the buyers of the securities. Now this time they have made a horrible mistake, they have moved the debt of the private banks to the national banks and countries debt and know we are going into the last bubble, which is the sovereign debt. implosion. Where screwed and went to the one thing that we shouldn't have risked to make a bubble with.

What "national banks"? The only *national banks* I am aware of existed in the Soviet Union prior to the Soviet Union dissolving and becoming capitalist.

Now-a-days even China is capitalist, but they are cunningly retaining the authoritarian aspect to give government "the tough guy" mentality chineese have come to expect.

Its all smoke and mirros AS USUAL! You guys hate socialism AND communism but in the same breath say we have a public national bank.

Just ain't true! How come america never borrows directly from the FED rather goes through the back-door of taxation and loans? This should get our ATS einsteins thinking a little.........

THE BIGGEST SCAM IN HISTORY!


"Let me issue and control a nation's money, and I care not who writes its laws" ---Mayer Amschel Rothschild



It was Alexander Hamilton who lobbied for the first private Federal Bank, and in 1789 Congress chartered the bank.


Thomas Jefferson was adamantly opposed to the idea of a privately owned federal bank and said " I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies".



In 1811, under President James Madison, Vice President George Clinton broke the tied vote in congress to cast the bankers out refusing to renew the charter for the bankers. Unfortunatly it was President Madison who proposed a second United States privately owned Central bank and it came into existence in 1816.



However, in 1836 President Jackson, overriding Congress, closed it commenting, "The bold effort the present bank had made to control the government are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it." (we now have another one like it)

Andrew Jackson also said, when speaking to the bankers: "You are a den of vipers and thieves. I intend to rout you out, and by the eternal God I will rout you out."


When speaking to his closest friend, Martin Van Buren, Jackson said, "The bank, is trying to kill me, but I will kill it!" (and he did)


The first two Federal Reserve Systems lasted about 20 years each and we are now almost a hundred years into the third one.


The year is now 1913, the year after Woodrow Wilson was elected president of the United States. Prior to his election he needed financial support to pay for his campaign, so he reluctantly agreed, that if elected, he would sign the Federal Reserve Act, in return for that financial support.



In December 1913 while many members of Congress were home for Christmas, the Federal Reserve Act was rammed through Congress and was later signed by President Wilson. At a later date, Wilson admitted with remorse, when referring to the Fed."I have unwittingly ruined my country".


[edit on 3-5-2010 by EarthCitizen07]

Now comes the income tax!

We didn't have nor did we need an income tax until we got the bankers back. The income tax was only needed to pay interest to the bankers for our money that they loan to our government. Yes, you read that right, the Fed, mostly on paper and computer, creates money or pays the treasury a small printing fee for currency, and then loans this money to our government. Our taxes pay them interest on this loan that cost the FEDS virtually nothing to make, what a sweetheart of a deal they have going for them.



As of March 6, 2006, the national debt stands at 8.2 trillion dollars. The American taxpayers have paid the FED banking system $173,875,979,369.66 in interest on that debt in just five short months, from October, 2005, through February, 2006. Since this article was written a couple of years ago the national debt has now risen to 10.7 trillion dollars, and since the economic meltdown that figure has risen dramatically and will continue to rise.

The United States will never even be able to pay the interest on the loan,let alone the principle. So in actuality the Federal Reserve owns the United Statses and our elected officials are beholden to the bankers, not the American people. The Feds are the unseen "shadow government" , they are the ones who are governing our once great Republic. They control both houses of Congress and also the President, and no-one dare oppose them. They are all powerful because they control the money supply. No con artist or group of con artists in history has ever perpetrated a scam that even approaches the scope of this one.

Originally posted by poet1b


The only way anything could be done about this huge theft of wealth under GW's admin, is if the Obama admin takes action, but the Obama admin isn't going to be able to just jump right in. Obama will have to slowly maneuver the right people into place before any action is taken. This is, IMO, the only possibly way these people can be punished for their crimes.

Why would he do that when he works for them? He has them right in his administration. They paid for his election, and used their media to turn him into Elvis. And he gets to be immortalized in history as one of the greatest deceivers of all time. All of history's tyrants surely knew they'd have better odds of being all-time famous for their evil deeds.

[edit on 4-5-2010 by IgnoranceIsntBlisss]

Originally posted by morefiber
reply to post by IgnoranceIsntBlisss

 

Ignorance,
I think it is simply just a strong desire to "hold on to what we earned" by some people and the old how to boil a frog analogy. It would not be the first time that minor motivations and superstitions by a powerful few reeks havoc for the majority of others.

They risked exposing themselves. Actually they did expose themselves in this game of ultimate high risk. The decendents of the orchestrators first Great Depression and their ilk already had all the power, all the money, and so on. Here what they did was risk everything by going 'for broke'. A mass scale plundering, while the system is geared for total collapse from irreversible debt. No, this is not a matter of "a strong desire to "hold on to what we earned"". They didn't earn anything, at least not other than the official title of morbid tyrants. Or, like I said, they might have earned themselves indefinite lifespans. Lets hope their eternity is spent in supermax prisons.

[edit on 4-5-2010 by IgnoranceIsntBlisss]

My grandfather was a monetary realist who took on the irs in the seventies. About how money is not worth # other than its paper value to phase out gold. HE HAS U TUBE VIDEOS TAKING ON THE IRS AN .pLEASE CHECK IT OUT IT WILL SURELY CHANGE YOUR PERSPECTIVE. hE HAS FOLLOWERS AND HE WAS AN WRITER. PLEASE CHECK IT OUT ON YOUTUBE. MERRILL JENKINS

pLEASE CHECK IT OUT ITS THE REAL DEAL

pLEASE CHECK IT OUT ITS THE REAL DEAL

reply to post by MyGrandpaWasRight


This started with big oil, if you ask me.

Maybe when the Saud's oil output drops below domestic demand, and the easy to get high grade crude is gone, we might begin to see a leveling of fortunes once again.

The Fake Depression of 2008: the greatest wealth transfer in the history of humanity #MOFK Full #disclosure.

This transfer was perpetrated by global governments, in order to steal private institutions, financial instruments, and property from the people. It is the single largest nationalization of private industry in history, and it is hidden from your view. These governments have access to a time machine, and knew the outcome in advance. The Fed, Greenspan, Michael Milkmen the US and its Organized Crime allies, created the problem with poor fiscal policy and toxic CDO's -- inflating the bubble with malintent. In addition, after the false collapse, they corrupted world financial markets, manipulating the price of crude oil, the US Dollar, as well as global equity and debt markets.

Nostradamus wrote about it in Les Propheties C10:Q20:
Tous les amis qu'auront tenu party, Pour rude en lettres mis mort & saccagé. Biens publiez par fixe grand neanty,Onc Romain peuple ne fut tant outragé.
All the friend who will have belonged to the party, or the rude in letters put to death and plundered: Property up for sale at fixed price the great one annihilated. Never were the Roman people so wronged.

The Mark of the Beast is all over the S&P 500 Cash Index.