Meltdown Perpetrators Position Themselves
(More on the bailout from independent journalist/researcher Michael Collins. His entire series, entitled The Money Party is worth a look. He has also done a ton of work on Election Fraud. -rep.)
The Money Party (6): "A Cascade of Ruin" - Monday, 22 September 2008
Meltdown Perpetrators Position Themselves
(Wash. DC) Well, they finally did it. The Money Party exposed the nauseating underbelly of first world finance. It's a cross between a Ponzi scheme and a complex math puzzle, all geared to let those in charge rake off as much money as they can, whenever they can, while they leave us out in the cold. Unfortunately, this time their greed and lack of control has the world poised for a systemic economic meltdown.
The collapse and subsequent government rescue of home mortgage giants Freddie Mac and Fannie Mae, stock brokerage Merrill Lynch, investment bank Bear Stearns, and, an insurance company, AIG, are designed to show we're moving away from the brink of disaster to a safer place. "The system is working" to manage what Alan Greenspan is calling a once in a century event.
One thing the system might do while it's working so hard is explain why we're bailing out a stock brokerage and an insurance company? Isn't this about banks? Don't hold your breath. The corporate elite and political misanthropes who caused this are getting ready to put the final nail in the coffin of the United States economy and the livelihood of the vast majority of citizens...
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Right on target!
This article starts to get to the heart of the matter and it's not the sub prime borrower who lost a job and/or a house! They keep trying to set up the little guy as the patsy and as usual the real criminal perpetrators get away. First these crooks want unregulated markets with no oversight or restrictions and now they want to blame the little guy and erase the evidence again with no oversight or restrictions. The financial crisis of 2008 is an inside job!
Easy to understand and very useful information,
and I recommend checking out the links, too.
especially
http://www.financialsense.com/editorials/panzner/2005/1109.html
Easy to understand. Thanks!
Clear, penetrating...
...helps us to understand the incomprehensible. Thanks for this, and the link to his prior work, where I found this passage to be particularly illuminating, in light of current political polarities:
"It is not about Republicans versus Democrats. Right now, the Republicans do a better job taking money than the Democrats. But The Money Party is an equal opportunity employer. They have no permanent friends or enemies, just permanent interests. Democrats are as welcome as Republicans to this party. It’s all good when you’re on the take and the take is legal."
I also appreciated the "reverse Robin Hood" analogy. Those who are morally bankrupt will perpetuate their need for greed through whatever means necessary. This is what we are up against. Evil? Yes. But better that it is all being flushed out into the open for everyone to see. America is waking up!
Helping ourselves and 1st responders
Create an online business, help fund the medical needs of first responders, get free stuff, spread the message of truth. Here is the group I've setup:
http://finance.groups.yahoo.com/group/Helpdyingfirstresponderssurvive/
If you have any questions write below:
riceowlex@yahoo.com
Keith
Sub-prime is only the beginning, it's the derivatives ...
The Subprime Primer
Slide show with stick figures about derivatives, the language gets a tad rough at the end, however, it is a good illustration.
"This is not a conspiracy theory"
I do also like this one, from the money party part 1: "This is not a conspiracy theory. There are no secret societies or sinister operators. This party is up front and in your face. Just follow the money."
I continue to ride this hobby horse: We are not the conspiracy theorists. We are power abuse provers.
In Germany in the 1930ties, conspiracy theory was endorsed only by the right wing, i.e. the nazis, their conspiracy theory was that the jews and the communists were conspiring against Germany. Consequently the blame for the Reichstags-fire was put on the communists (in the nazi craze always associated with jews). Marinus van der Lubbe was convicted and the communist party banned, so the nazis and their allies got the majority in the Reichstag (parliament) and Hitler thus the carte blanche he needed. No defender of democracy that time would label it a conspiracy theory that the nazis were the guilty ones. The latter theory was rather assumed as the obvious, the elephant in the sitting room, by democrats and the labour-movement in all Europe - then counting millions of politically conscious workers - which never was conspiracy minded. If somebody labels you a conspiracy theorist, ask them to identify the conspiracy theory in the case of the Reichstags-fire.
Then the conspiracy theory was "jews/communists", today it is "the muslims" who are angry on "our freedoms". (The conspiracy theory is among other things that vodka drinking and pork chops eating Mohammed Atta was a muslim. He didn't even care to pose as one.)
In their book The Assassination of Robert F. Kennedy, William Turner and Jonn Christian exposes the Illuminati-theory as distracting disinformation in 1968. (p. 54-58). The Illuminati-fantasy was even promoted by mainstream media...
Please excuse writing errors. Thanks!
Warren Buffett votes against the Bailout...
It appears that Warren Buffett is voting against the bailout scam today;
Wednesday September 24
Buffett's Berkshire betting $5 billion on Goldman
In big vote of confidence, Buffett's Berkshire buying at least $5 billion stake in Goldman
OMAHA, Neb. (AP) -- Warren Buffett, one of the world's best known and wealthiest investors, is betting $5 billion that the U.S. financial system is not about to collapse.
Buffett's Berkshire Hathaway Inc. said Tuesday it will invest at least $5 billion in Goldman Sachs Group Inc., a huge vote of confidence for one of the survivors of the credit crisis that felled two of its investment banking peers.
It may be just the shot in the arm that shares needed. Wall Street appeared headed for a higher opening Wednesday, though credit markets remained uncertain about the government's $700 billion bailout plan for banks.
In addition to buying $5 billion in preferred stock, Berkshire also got warrants to buy another $5 billion in Goldman's common stock. Goldman also said late Tuesday it would raise another $2.5 billion in its own public stock offering.
Continued...
http://biz.yahoo.com/ap/080924/goldman_sachs_berkshire.html
Reward the survivors, and f*ck the scam artists appears to be the signal he is sending to Congress.
"Americans are furious,"
"Americans are furious," said Sen. Chuck Schumer, D-N.Y., chairman of Congress' Joint Economic Committee. Lawmakers were hearing "amazement, astonishment and intense anger" from their constituents, he said. Yet, he said he still believes some agreement on a bailout would soon be reached.
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/09/24/national/w07...
Schumer is as bad as Frankenstein here in CA, so watch them to lead the way in both faking "shock!" and simultaneously putting the masses down to rest with their votes for corporate criminals in every opportunity.
Note the dual sentence -- "constituents are furious" but "we'll sign anyway"
It's as transparent as the impeachment blockade or the telecom immunity "fury" -- they do as they're told.
The WSW observes this about Schumer:
"Insisting there was no time to consider the causes of the greatest economic crisis since the Great Depression, or investigate the bankers whose actions precipitated the financial disaster, Schumer declared, We must look forward, not backward. Its not fair, its not right, but thats the world we live in, he said."
http://www.wsws.org/articles/2008/sep2008/bail-s24.shtml
Schumer Essential To Mukaseys Confirmation As Well
http://voices.washingtonpost.com/capitol-briefing/2007/11/senate_narrowl...
"Sens. Charles Schumer (D-N.Y.) and Dianne Feinstein (D-Calif.), whose votes were instrumental in Mukasey's nomination surviving the Judiciary Committee's review earlier this week, both argued that the nominee's views on torture were inexcusable but otherwise praised him as someone who would clean up a Justice Department widely viewed as overly politicized under Gonzale's nearly three-year tenure."
Shumer was positioned to do exactly these hit jobs. Like Bush, he makes the skin crawl when he speaks. A dangerous fake.
All one needs to see to
All one needs to see to understand that Chuckie is a sociopath is the documentary "Waco: The Rules of Engagement," wherein he can be seen spitting poison in the Senate hearings. THAT scene made my skin crawl.
It's also a good film to show to Republicans in light of what you may be trying to tell them about 9/11. It takes place during the Clinton regime so it doesn't initially offend their political sensibilities. It demonstrates federal disregard for human life. It shows how a Koresh myth was created to villianize him and convince people to accept the concept of "collateral damage" in his name. It involves layers of agencies both in commission of the murders and as accessories after the fact. And perhaps most importantly, one can watch blatant official lying, covering up, full-bore media deception, and total lack of accountability.
Then show it to Democrats to illustrate that this behavior is non-partisan business as usual...
Goldman Sachs Group among the biggest beneficiaries
Goldman Sachs Group -- formerly run by Treasury Secretary Henry Paulson, and Morgan Stanley, stand to be among the biggest beneficiaries of a $700 billion US bailout.
See: http://rawstory.com/news/2008/Paulsons_former_firm_to_be_among_0923.html (also on 911truth.org)