......................................................................
 
Posted 9/22/08....Karl Denninger ......
We the American Taxpayer have been subjected to the biggest con job ever in this country. Here are a couple videos that will help you understand what's going on and how we can fix this and place the burden on the people that cause the problem, not the taxpayer...
I am sure that this weekend Ben and Hank told Congress some horror story about how the whole world is going to come to an end and that there is no money left anywhere and they have the Only solutions.
That is completely false and to prove it we are offering our solution. Do not believe the people that have been totally and completely wrong during this entire crisis. Chances are they are still wrong...
After you watch the video's you can learn more by visiting the links below...
Link to the letter written and sent last night by Karl Denninger to the Senate
Link to Karl Denninger's White Paper on the economic crisis

Read More...

Desperate Actions by Desperate Men
A list of Quotes and Lies by Hank Paulson
A list of Quotes and Lies by Ben Bernanke
Who are they trying to help?
What the people have to say!
TO VIEW These VIDEO CLICK ON:
http://fedupusa.org/  fed-up-usa
 
..
 casper  sept-22-09   
 
After Bush /HLS stopped dels. last Friday , he and a large entourage went to the ranch in Crawford where they continued trying to access accounts all over the world, including individual accts. using the SUPER computer located in Crawford.
Meanwhile the packs were relocated to D.C. from Charlotte
 and were still there Sunday night.
 
Mainland China loaned Bush $500B last week most of which was used to prop up the stock market.
In came the Staggering Paulson announcements, Socializing America, saving Wall Street and the banks at the taxpayers expense, and appointing himself Sole and Exclusive Czar over the Trillion Dollar Bailout.
 
Meanwhile Bush tells the Couriers, Banks, etc. Anyone delivering a package will be immediately arrested.
The announcements are still the key stopping the criminal behavior which becomes more intense everyday, his position being that exposure results in anarchy and the people will burn D.C. to the ground.
 
It is a day by day tug of war, slug fest, knife fight and as of early afternoon today, D.C. is in complete lockdown, sources can not be reached and Euro. sources are equally in the dark.
 
It is more of the same, de-je-vous (( déja-vu)) all over again. Moves, countermoves, with trillions at stake.
Paulson briefly had his hands on our tax funds last week. That was blocked and funds retrieved.
It is more difficult than ever to follow the bouncing ball as there is so much secrecy and intensity involved.
We will update when possible.
 
The attempt by a corrupt President to appoint a corrupt Treasury Secretary to a God Like position of power, to be rubber stamped by a bribed congress is beyond the pale.
 
(SEE BELOW FOR URGENT UPDATE)
 
  • There exists NO Law and NO Morality in D.C. or N.Y.
  • Clearing their books (Banks) at the peoples expense is self dealing on a scale heretofore unimaginable.
  • USA is Bankrupt.  The great experiment ends in Socialism with Sugar Daddy Paulson in control.
  • 600B in bailouts already done.  700B just announced which is a low ball number.  85B to AIG.     F and F 200B and counting.  The FDIC requests a Govt. Loan.
  • Foreign Banks holding US mortgage securities to be bailed out at US taxpayers expense ( Barclays, UBS).
  • A Bush led criminal gang controls our Nation.
  • Congress says they will approve the largest and scariest financial bailout in History, all within a week,committing what could easily total  $1-2 T of taxpayers funds "so they can get home Friday to start campaigning".
  • Fred and Fannie announced they will again start buying MBS's Mortgage backed securities, compounding previous errors.
  • Crooked Govt. begets Crooked Industry
  • D.C. politicians provide the grease (votes) for one scam heaped upon top  of another scam all to keep the larger scam ( Corporate US) operating.
  • Bush destroys Republican party, conservatism and the nations solveniency.
  • Cheney refuses to release his papers including appt logs, claiming he is not part of the Executive Branch.
  • Criminal gangs and control of nations political and financial systems.
  • Glass-Stegall repeal allowing merging of commercial and investment banks -the very thing causing previous disasters.
  • Budget deficits, already out of control, will now explode.
  • Christopher Dodd, Barney Frank, Christopher Cox, and others are Silly Putty in the hands of Criminals.
  • Gold sets historical record one day up-tick of  $70 plus.
  • Russian Banks propped up by Russian Govt.
  • Banks in Brazil under water and down dramatically.
  • Previous providers of rescue capitol such as TPG's  ( Texas Pacific Groups) $7B to Wa-Mu and Sovereign Fund Investments and US financial institutions now virtually worthless.
  • Trillions in shareholder equity, F and F, AIG, Lehman, Etc. wiped out.  Financials stock prices fall of 80% common.
  • Merrill/B of A merger usually requiring 6-12 months, agreed to in 48 hours.
  • Franklin Raines and other GSE Executatives walk with a Hundred Million Plus Plus Plus Golden Parachutes.
  • Goldman Sachs pays 12.1B in Employee Bonuses in 2007.
  • Domestic Auto Mfgs. seeking bailouts.
  • Potential Buyer of WaMu demanding Govt. loans to facilitate deal.
  • Lowest Housing starts in SIX decades.
  • Credit default swaps totaling tens of trillions only now coming Front and Center.
  • Nationalization of all bad debt, from credit cards to student loans to auto loans to mortgages, swept out of corrupt banks and laid upon citizens children and grandchildren, reducing US living standards for generations to come.
  • Websites say Greenspan is spilling the beans and plea bargaining regarding BILLIONS stolen from Iraq and paid to President of Spain and others in Italy ( Vatican?)
  • CIA proprietary accounts used for Payoffs.  Supposedly identified by Greenspan.
  • BBC investigating missing billions in Iraq.
  • Don't forget the 2T or so missing from the Pentagon budget.
  • Greenspan fingers Bush and Clinton?
 
For years the US has been "Exporting" it's Toxic Financial Trash bringing the world to the brink of systemic collapse.  The rumor we reported a month ago is likely true, " decisions have been made US is too big to fail".
Today the Chi Coms issued an International statement to the effect, paraphrasing, " The world can not afford to follow the US example of corrupt financial dealings" (in diplomatic language of course).
The action right now is in D.C. and whatever is happening is in secret meetings we have not yet penetrated. 
It appears that after Bush fights the NEW with his last breath he has decided to bet the worlds' last breath also as we always heard he would. 
As the politicians get their Long Over due exposure and expulsion it is not surprising they will do anything to preserve their corrupt Fiefdoms.
 
As we have said before the Congress is a Whorehouse working for a small group of Elites who have captured and ransacked our Govt. for their personal benefit laying waste to all they touch, from War to Border security, from the currency to the banks, to Wallstreet , to budget deficits Skyrocketing and Govt.. liabilities totaling 50T BEFORE Paulson gets stared bailing out his buddies at our expense.
 
Never again will the US be able to point a finger at Castro or Chavez or Morales or any ten horned socialist dictator.
 
The great experiment has ended
 UNLESS WE HAVE DELS AND ANNOUNCEMENTS IMMEDIATELY.
 
casper
 
 
ps: Urgent Update 8PM Monday night: 
The banks have been ordered to del. tomorrow
or our allies who control the supply of money, will close ALL Banks in the U.S.
 
We also hear the 700B Bailout is Toast. 
 
The above is dependable Intel
 and delvs. tomorrow are likely to result in announcements tomorrow night.
 
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icke...
 
Monday, 22 September 2008
Simplicity And 'Bluebacks': Finding A Path Back To A Sustainable Money System
'In “Working Girl,” that wonderful film about exploited “little guys” taking back their power, we hear an anecdote that’s relevant to our current financial fix. The story goes that a truck was stuck under an overpass, and none of the authorities called to the scene could figure out a way to get the truck through the tunnel. A little girl in a car that was stalled in line came up with the simple and perfect solution: let some of the air out of the truck’s tires.
 
Simplicity is usually the place to go for right answers. Our current manipulated financial crisis could actually be actually be solved by very simple simple solution. Let the excess air out of the financial system: the “fresh air” that modern money is mostly made of. Loans that have been generated based on false money (numbers generated on paper checks by banks, money that doesn’t exist) should be considered false loans that need not be paid back.
With this simple new policy, every nation’s national debt would disappear. Personal debt would disappear. Home debt would disappear. We would all be left with what we have, own and use, and it would be legally recognized as ours, not as the property of a bank. National debts would be forgiven because the money given to nations for loans never really existed in the first place.'
We would wipe the slate clean and start back at zero. The cash currently in the hands of the public would be the last that is printed. Lending would cease, unless it could be done in greenbacks. Here’s an alternative solution: create bluebacks, a new currency, and make that the new medium of exchange, distributing $10,000 of it as “starter” to every American adult.
We’re told the economy will grind to a halt and a massive depression ensue if the government doesn’t bail out banks so they can keep on lending money. Why? That makes no sense. Why is the ability to lend considered the measure for a healthy economy? Our problem exists because of excess lending. Why is lending necessary to an economy, especially one that’s sick because it’s had way too much of it?
It’s a lie being told us to scare us into thinking we have to accept the scalping they have planned for us with the government bank bailout. Why is human productivity and the exchange of goods and service (the essence of “economy”) dependent on lending? Where is the harm if people produce and trade with the real products they have and can create, instead of trading with the fake fresh-air money the banks give in loans? The very nonexistent money that has caused our crisis?
How is lending more nonexistent money, or buying up debts of nonexistent money and charging taxpayers for them, going to solve the root of the problem, which is the nonexistent money itself? This “solution” is tantamount to a person who has a bank after them for failure to pay on a loan “solving” their problem by making the delinquent loan payment to the bank with a credit card. The banks won’t allow people to do that, because it’s clearly not a solution at all, just a forestalling of the problem. But now on the national level, we’re supposed to accept a similar solution as the panacea that will “save the economy.”
I say, let it fall. Let the false economy fall! Let the loans fall apart, let the big banks fail, let all the sick structure come to pieces. What we’ll be left with is the dollars in our purse or pocket, and the dollars we will earn next week at our jobs. People will pay for things in cash, or by trade or barter - perfectly good systems of exchange that were used for centuries by mankind but that the global elite have conditioned us to regard as impractical and obsolete.
Or instead of making the greenbacks in circulation the only official money, we could outdate greenbacks and issue a new paper currency — blue dollars instead of green ones. Distribute $10,000 of bluebacks to every American adult and throw away the old currency, credit cards and debit cards - no longer recognized as money. Only checks and the new cash would be acceptable.(...)
Healthy economy is not lending and creating false money. It’s people working to sustain themselves and to make their lives better, trading services and products they are skilled in for services and products other people are skilled in. That’s what money was all about when it started: it took the place of barter exchange, where I gave you my potatoes in exchange for your eggs.
Money happened because you didn’t need my potatoes but were happy to give me eggs. So instead of potatoes, I gave you a certificate for the equivalent value, and you used it to trade for something you actually needed - milk. The guy you gave my certificate (money) to could later on give it back to me in exchange for my potatoes, or he could give it to someone else in exchange for a different product or service. That’s how money was originally meant to work.
Money, in a sound and safe economy, is always tied to the value of a product or service. It is never created as numbers out of thin air. It is never fake. It always represents the tangible fruits of service and production.
Whether we use our current greenbacks or institute “bluebacks,” going back to a simple cash system would restore our economy to soundness and sanity. I prefer the idea of bluebacks for one reason: many people, who’ve been living on credit and debit cards, have no cash! How would they live, if cash becomes the only medium of exchange? By contrast, distributing bluebacks, evenly to all people, would be like starting a new Monopoly game: everyone begins equal, with the money they need to continue producing and trading.(...)
Right now, bankers and governments threaten to impede the simple practice of economy to the point of stopping it. They have actually been impeding it for centuries, through outrageous taxation and in the past decades through outrageous mortgages. People work most of their lives just to pay two things: mortgage and taxes. In Amish societies, a home is a built in a day with the help of neighbors, and it’s yours. No mortgage, no big deal. Everyone has the right to a home that is theirs, not the bankers’. Why can the Amish find a way to own a home in a day, while the rest of us take 30 years of mortgage-paying to do it? Why do the bankers own us? Why have we let this situation develop? We are slaves to the moneyed aristocracy, tied to them by loans of fake money that never existed, numbers they wrote on a check to get ownership of our homes.
(...)...
after they’ve saturated their media with PR about the wonderful security of having a beneath-the-skin microchip, they will tell you that all debit cards will be worn as microchips in that fashion, to stave off fraud, terrorism and identity thieves. You’ll be told you can store your medical records on the chip, your address (in case you get kidnapped) and other essential personal information.
Voila: we become cyber people, monitored and controlled by the global computer, which of course can send electrical impulses to the chip as easily as it can read one. With this final move by the power elite, we will be owned lock, stock and barrel, down to the level of our very bodies. It’s tantamount to the chains they once put on slaves. Only our chains will be worn inside our flesh.(...)
We need to ask what a healthy economy truly looks like, not let the moguls define that for us. Then we need to take simple actions to get ourselves back to that.
We will stop borrowing and stop spending beyond our means. Banks and corporations will fail that have been doing those things, and justly so. People who worked for those institutions will start over with enough bluebacks to carry them until they find sustainable jobs, jobs not dependent on the vultures. We’ll return to buying within our community. The toys we lived for that are propped up by the surveillance economy will drop away, and we’ll get back in touch with simple, important things.(...)
Crafted products will return, and pride in a job well done. We’ll have homecooked food (with time to prepare it). Electronic products won’t break in a year and get tossed onto the ocean cesspools. Things will be made to last, and leisure time will develop, as mortgages and outrageous taxes, along with all the corporations that only served their own interests, bite the dust.
We’ll have time to explore philosophy and think about higher things, explore potentials of being human we haven’t been able to think about in the exhaustive struggle just to survive. We will enter a new era for mankind.
It will not happen if we roll over and let the bankers and main government leaders (they’re actually the same, if you look at who’s standing in the shadows) bail out the banks at our expense and march us down the road to another depression, along with all its ensuing agenda. We will only see the dawn of a new age if we stand together against the insane, self-serving policies and demand a viable alternative. Bluebacks to save the economy? Why not? It only takes enough people calling for it to make it happen.
The 5% can’t rule the 95% if the 95% stops allowing it. If we get mad enough, and loud enough, and number enough, the insanity will stop and the insane will be ejected from positions of control. One way to start this is to tell our legislators to let the banks tumble, and to institute new money. Can you think of a more crucial or strategic time to take back our power?
 
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Saturday, 20 September 2008
Illuminati Bankers Are Making A Killing On This Crisis
By Henry Makow PhD  sept19th 08.
'The price tag for bailing out the US financial system may exceed $1.3 trillion dollars. The purchase price for the mortgage lenders, Bear Stearns and AIG is over $300 billion. Now the assumption of the bad loans held by the banks may cost an additional trillion dollars.' (...)
At this time, it is important to be aware that an illuminati defector (http://www.savethemales.ca/141002.html) known as "Svali"
 said she was taught that the "end of the world" scenario involved an economic collapse. Remember the Illuminati is a Masonic cult founded and funded by the central bankers who own the Fed. Here is her full testimony given about ten year ago. http://giuli.com/svali/EssentialSvali.pdf 
 
  "Want to hear the end of the world scenario the Illuminati taught me? It was cult propaganda, but this is how they believed the New Order would be ushered in:
 
There will be continued conflict in the Mideast, with a severe threat of nuclear war being the culmination of these hostilities. An economic collapse that will devastate the economy of the US and Europe, much like the great depression.
            One reason that our economy continues limping along is the artificial supports that the Federal Reserve had given it, manipulating interest rates, etc. But one day, this won't work (or this leverage will be withdrawn on purpose) and the next great depression will hit.
            The government will call in its bonds and loans, and credit card debts will be called in. There will be massive bankruptcies nationwide. Europe will stabilize first,and Germany, France and England (surprise) will have the strongest economies, and will institute through the UN an international currency. Japan will also pull out, although their economy will be weakened.
  Peace-keeping    forces will be sent out by the UN and local bases to prevent riots. The leaders will reveal themselves, and people will be asked to make a pledge of loyalty during a time of chaos and financial devastation.
     Doesn't sound pleasant, does it? I don't know the exact time frame for all of this, and wouldn't want to even guess. The good news is that if a person is debt-free, owes nothing to the government or credit debt, and can live self sufficiently, they may do better than others.(...)(...)
However, this could be part of a larger scenario leading to World War Three, similar to the role the Great Depression played as a precursor to World War Two.
        The Illuminati goal is to torture the human race until we cry out to them for world government, anything to stop the pain. --
http://www.rense.com/general83/ilum.htm
http://www.henrymakow.com/the_fed_is_making_a_killing_on.html
 Illuminati Defector Details Pervasive Conspiracy (2002)
http://www.savethemales.ca/141002.html

Related--"Protocols for Economic Collapse in America"
And this is how the U.S. Treasury would handle an economic collapse. It’s called the 
6900 series of protocols. It would start with declaring a force majeure, which would
immediately be interpreted by the marketplaces as a de facto repudiation of debt. Then
the SEC and the various regulatory exchanges would anticipate the market’s decline,
hour by hour -- when Japan’s markets opened the next day, what would happen when the
European markets, and all the inter-linkages of the global markets. On the second day,
US Special Forces would be dropped in by parachute in the cities where the twelve
Federal Reserve district banks are located.

The origin of these protocols comes from the Department of Defense.
This is contingency planning for a variety of post-collapse scenarios.
Those scenarios would include, obviously, military collapse, World War III,
in other words, and its aftermath. What we’re talking about now is aftermath --
how the aftermath would be handled.

One does not necessarily know how the events would transpire that would cause the
collapse, whether it’s military collapse or economic collapse. In World War III, it
would become obvious -- when the mushroom cloud started to appear over cities.

Economic collapse scenarios were always premised on the basis of a US declaration of
force majeure on debt service. It’s a very extensive scenario. The scenarios are all
together, i.e., military, economic, political and social complete destabilization
leading to collapse. Then they break down individual scenarios. (...)
http://www.breadwithcircus.com/ecollapse.html bread-with-circus
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September 10th, 2008

How's Your French Danny?

I just heard a speech by Newfoundland and Labrador Premier Danny Williams. In this speech, Williams perfectly expressed
a sentiment that's been on my mind lately: Stephen Harper and his Conservatives must not be allowed to have a
majority government.
During his brief tenure as Prime Minister, Stephen Harper has stuck it to Newfoundland, breaking funding promises that
essentially screwed the Newfoundland economy out of billions of dollars. Williams has not forgiven, and he is making
sure that the people of Newfoundland and Labrador do not forget.

Danny Williams is in a position to really stick it to the Conservatives. He is probably the most popular premier of the
gang of 13. In the past, he has taken a stand and fought for the people of his province against both Ottawa and the Oil
Companies. With great approval ratings at home, and a Newfie diaspora stretching from coast to coast to coast, what
Williams says matters. I do suspect that Canadians will consider his message. However, Williams could bring his desire
to remove Harper closer to reality by taking one bold move.
It looks like the real battleground in this election is in rural Quebec, where the Bloc is fading and the Conservatives
are making in-roads. It is likely that the outcome of the election is going to swing on just a handful of Quebec ridings.
I think that Williams has the ability to reach the people of this region, if he can just make himself understood. He has
the right background. Williams is the leader of a province that has historically felt disrespected by Ottawa. He has
the reputation as a plain speaking man who will stand up for the interests of his own people. Danny has credibility, and
his voice just might resonate with the people who will decide the outcome of this election.

I suggest that Danny Williams take a trip to Quebec City and tell the people there what Stephen Harper's promises are worth.
The only thing is that he's got to do it in French. By speaking French Danny would show respect for the Quebecois. An
earnest effort to communicate with them in their language should earn their respect in return. The media would pay
attention to this. A Williams address to the people of Quebec would become one of those stories that the rest of Canada
would find both compelling and amusing, given Danny's determination to get even with Stephen, not to mention that there
would be a special appeal to hearing French spoken with a charming Newfie accent. A speech in French would be very
effective even if Danny's command of the language isn't great. He could just memorize a brief bit of text, some quality
soundbites, which he still has a few weeks to memorize.

I ask that the readers of this page try to pass this message along to Danny Williams. He could be the wild-card that tips
the balance of this election. The people of Quebec could be very receptive to what he has to say, all he has to do is march
down the St. Lawrence and tell them the truth in a way they can understand.
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..................................................................................
Friday, 19 September 2008
Jack Blood interviews Richard Andrew Grove, an AIG insider and whistleblower
 
AIG's involvement in 9/11 and the connections into today's financial 'crisis'. 
Jack Blood interviews Richard Andrew Grove, an AIG insider and whistleblower - 36 min - Sep 19, 2008
THE GENESIS COMMUNICATIONS NETWORK

 Jack Blood of gcnlive.com interviews Richard Andrew Grove, an AIG insider and whistleblower. This is an insider expose of the AIG / Kroll spook company, their ties to 9/11 and their new financial 9/11. This is taken from the second hour of the Deadline Live show with Jack Blood from 9/18/2008. Get the archive at Gcnlive.com. Also check out these sites: 8thestate.com DeadlineLive.info JackBlood.com JackBloodForum.com Summary of points made: History of AIG China 1919 origins… (which follow up through the Bush family in the 70’s and Greenberg and Bush in 1992, where Hank accompanied George Sr.) Partnership with Wild Bill Donovan and Frank Wisner OSS/CIA Drug Smuggling (Peter Dale Scott) Fraud (AIG/Marsh insurance fraud and Spitzer investigation) Hank Greenberg ousted from AIG Frank G. Wisner Jr. (son of CIA cofounder) on both AIG and Kroll boards of directors. 9/11 (taking the history and applying it to AIG involvement with Kroll, Wisner Jr., CFR/Fed Reserve) Pete Peterson (Blackstone/CFR/Fed Res) also involved in financing of wtc. Robt. David Steel’s comments on WTC disaster (he’s ex-CIA but affirms 9-11 was done as insurance fraud)… Crash of AIG and bailout by Fed Reserve, Greenberg steering to re-take control, using Fed Res as a proxy.

Other subjects covered Nature of insurance (protection money) Spitzer Elliot Spitzers connection to AIG via Michael Cherkasky, President and CEO of Kroll Inc Robert M. Morgenthau of the French Connection Skadden Arps SEC Kroll Iran Contra BCCI Paul Bremer.
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Saturday, 20 September 2008
That's Rich - -
- - lady  de Rothschild Calls Obama "Elitist"
'It’s the strongest signal yet from the global elite about who they want in the White House. Former Hillary Clinton backer Lynn Forester de Rothschild (right) threw her support behind Republican U.S. presidential candidate John McCain today, after calling Democratic candidate Barack Obama an “elitist.” That’s got to be a first for a Rothschild, unless there is a “down-to-earth” member of the family I haven’t heard about.
I am the Boston Globe’s Personal Tech columnist, and a technology correspondent for the Globe and Boston.com.
I also teach journalism at Emmanuel College in Boston.
Parallelnormal is my news and opinion blog for esotericists and conspiracy researchers, fringe scientists, and sci-fi people.
To see some of my clips from the mainstream, go to dub-dub-dub dot markbaard dot com.
  http://parallelnormal.com/about/   About Mark Baard.

Blogroll

Elsewhere

 
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more fw10.....
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Added:
The USA (( and president bush)) learned about the torture of one of its citizens by Canada and did nothing ... this is inexcusable!!!

Visit http://www.USA180.org for information on this story and the documentation.
(usa 180 degrees..)
How much will you put up with?

*****************************************************************************************************

 

ZERO : An Investigation Into 9/11 - PART 1 of 10 zero-the-film-about 911

 
 
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nenki. conspiration.cc;
 
 
Taxpayers Forced To Bailout Zionist Gangsters. The Financial Crisis On Wall Street & The Gang of Zionists Behind 9-11 By Christopher Bollyn.
(How can it be that the sons of small group of uneducated Jews from Eastern Europe, who immigrated to the Bronx in the 1900s, now control a nation of 300 million non-Jews? If you were to ask a Zionist Jew from the Jewish Theological Seminary why they control America, they would probably say: "Because we can." )
 Connaissez les vrais terroristes financiers de Wall Street qui ont monté le plus gros coup du siècle et se sont appropriés de centaines de milliards.
Qui paiera ? Vous et moi ? Pas moi !
Sources:
 
Bollyn, Christopher, "The Architecture of Terror: Mapping the Israeli Network
Behind 9-11," July 24, 2008
http://www.bollyn.info/home/articles/911/theisraelinetworkbehind911/
 
Bollyn, Christopher, " 'Ghost Planes' Make Suspects Disappear: Pentagon has new secret weapon in 'War on Terror' " American Free Press, January 2004
http://www.americanfreepress.net/html/ghost_planes.html
 
Bollyn, Christopher, "Were Key Survivors from Estonia Catastrophe Kidnapped?"
 January 2005
http://www.elaestonia.org/eng/index.php?module=lingid&link=133
 
New York Times, "Carolina Revives its Stump Meetings," May 23, 1982 (Article about Alan Schafer's criminal activities in Dillon County elections, S.C.)
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Crash financier n'est pas circonstantiel. King Paulson (Goldman Sachs et Ben Bernake (Fed) ) on monté de toute pièce la crise financière actuelle. Pourquoi ? 3 trillions de $ c'est une bonne année.
King Paulson - Hope You Like It:
Added: Folks, you NEED to stop this.
Unbelievable, and coming to YOUR nation Monday        if you don't act now.
...................
 Ne manquez pas les vidéos 'related videos ' .....à droite de la page:
.............................................................................................................
..........This video is downright scary..................
                 This guy is a republican and I don't agree with a lot of his philosophies
 but his blog is outstanding if you want a better picture of what is really happening
 in the financial world right now.
Here is his web site:
http://market-ticker.denninger.net/  (( Karl Denninger ))  He says:
..........................
( I'm speechless.

Let's disassemble this monster piece by piece.

First, this is a de-facto nationalization of the entire banking, insurance, and related financial system.  Specifically:

"(3) designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them;"

That's right - every bank and other financial institution in the United States has just become a de-facto organ of the United States Government, if Hank Paulson thinks they should be, and he may order them to do virtually anything that he claims is in furtherance of this act.

This might include things like demanding that a bank or other financial institution sell him its paper, even if it forces that firm to collapse and be assumed by the FDIC!   (...) Bottom line: This bill gives Paulson the ability to nationalize an UNLIMITED amount of private debt and force YOU AND YOUR CHILDREN to pay for it. .....

I predict that if this passes it will precipitate the mother and father of all financial panics, although exactly when the "short bus" riders who inhabit the equity market will figure it out remains to be seen. 

If they have an IQ larger than their shoe size it will commence at 9:30:01 AM Monday morning, although given history and the lack of intelligence displayed by the crooning media market euphoria may continue until the first couple of firms are dismantled by Paulson's newly-crowned Kingly powers with the scraps handed out to his favored few.

The best part of this outrageous fraud is that those who get bent over the table can't even sue - their only recourse will be the (literal) deployment of pitchforks and torches.

That Paulson and Bernanke circulated this document, irrespective of what actually gets reported out onto the floor of the House and Senate (if anything) tells you everything you need to know about his intentions and the safety of your financial assets in the United States markets.

That this "proposal" hasn't resulted in Congress calling for both Bernanke and Paulson to resign for their blatant attempt to crown Paulson King tells you everything you need to know about Congressional integrity as well.

My advice: Don't be caught with any stock or debt instruments linked to a United States financial firm in your portfolio past 9:30 AM Monday morning.

Oh, and if you want an alternative that will actually work?

Here it is........http://www.youtube.com/watch?v=9KYtD-Ff_eM  and http://www.tickerforum.org/cgi-ticker/akcs-www )

 ..from: http://market-ticker.denninger.net/

 

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Added:
It seems that short sellers don't tend to cause markets downfalls after all. They have been around and for many decades now and they have been accepted in the financial community, but according to those in power they have now become the demon that has caused so much mess in the last few years. So lets explore that further lets look at fundamentals and see if its true.
Seems youre being asked to look over here (at shorts) while those in the know are left to make loads of money (caused by high volatility and intervention) whilst we the public is left to pick up the tab and direct our anger at completely the wrong people.

Classic manoeuvre: Problem, Reaction and Solution I believe its been coined!
Keep your eyes open people big changes are going on in all areas of life
And its my belief if you tune in to your intuition you'll know how best to spot it and to make sure youre prepared for the inevitable outcome. (Look at history). And even if the outcome is delayed by the intervention & manipulation, it will come, someones going to Pay the Piper.

Final Thought:
The last time worlds economy was this F*ckd Up (1929) not only did they ban shorts but demand that anybody who owned gold turned it in and it became illegal to own. Then they gave you Federal Reserve notes instead, maybe this time round they may do the same again (possible with The Amero), who knows. They do but you dont So dont be putting all your faith into that it could be taken away.
Rules are changed just like that, amazing but true you seen it happen today (re short selling) in both the UK (29 shares) and US (799 shares), with the rest of Europe to follow followed by the rest of the western world Im sure.
 
Assez pour vous donner la nausée du système capitaliste. Vive l'Économie Distributive. Pensez aux millions d'emplois qui disparaîtraîent si le profit n'existait plus. Ils seraient redirigés dans des domaines essentiels...
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more pages from  Denniger ( sept 18-19-20):

Thursday, September 18. 2008

The Beginning Of The End

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Friday, September 19. 2008

Welcome To The USSA

And now that Congress is involved, we are going to get the mother and father of all debt - shoved down your throat:

"The proposal to create a massive facility to buy mortgage-backed securities could cost as much as a half-trillion dollars and would involve the purchase of both private-label and government-guaranteed mortgages, according to an administration official. "

This is nothing short of unbelievable, and that actually understates the cost, which is likely to be vastly more than stated.  It always is.

Remember folks, the original estimate on the S&L bailout was that it would cost $20 billion.

The actual cost, when all was said and done, was approximately $160 billion dollars extracted from your wallets all across America.

So let's add it up - thus far:

  • Housing "bailout" bill, $300 billion
  • "Stimulus checks", $160 billion
  • "Back door" bailouts done without Congressional authorization, including "hidden" loans that may never be repaid, such as Bear Stearns and "temporary" clearing loans to Lehman Brothers, about $100 billion (in total)
  • Treasury's plan to back money market funds, $50 billion
  • This new "bailout", $500 billion
Oh, and don't believe that $500 billion number.  Its a lie.  I have long maintained that we have about $2-3 trillion of bad housing-related debt involved, of which only $200-300 billion has been written off.
So there's still $1.7-2.7 trillion out there to be cleared in this mess and you are going to get charged for all of it unless you literally take to the phones and the streets right now - this weekend - and stop it.
This sort of election-year pandering is beyond outrageous; it is nothing other than government theft (from you) to bail out the pigmen of Wall Street who have robbed you blind for the last decade.
WE THE PEOPLE DO NOT HAVE THE MONEY TO SUPPORT THIS AND THIS SORT OF PANDERING AND OUTRAGEOUS CRAMDOWN OF THE COST OF WALL STREET'S MALFEASANCE UPON THE CHECKBOOK OF THE AMERICAN CONSUMER IS AN ACT OF ECONOMIC TREASON
I hope you like INSANE (and real) monetary inflation because the raw monetary printing required to support this program is going to blow your mind (and household budget.)(...)
(url  for sept 19 and20 // 2 days on same page )
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c-story;

THE LATEST FALSE PROSPECTUS FROM 'PAULSON'S' TREASURY

DECEITFUL TRANSFER OF BANK ASSETS TO BUYER WITHOUT RECOURSE

Tuesday 23 September 2008

'PAULSON' SCHEME TEARS UP THE U.S. CONSTITUTION, LEGITIMISING FINANCIAL FRAUD

IT'S AS THOUGH THE ORGANIZED CRIME CONTROL ACT OF 1970 DOESN'T EXIST

A U.S. 'COUP D'ETAT BY INSTALLMENTS', LIKE GERMANY IN 1933

London, 22nd September 2008:

GREENSPAN'S $14 TRILLION REPORTED LIE TO CNBC'S LEESMAN:
We are informed that CNBC's financial reporter Steve Leesman stated on 22nd September that Dr Alan Greenspan had told him that on 18th September, 'the United States almost went bankrupt because there was NO CASH available'.

What Greenspan did NOT tell the CNBC's Leesman is that Citibank holds $14 TRILLION which Greenspan, 'Paulson', Cheney, Bush Sr. , Bush Jr., the Clintons, Rubin and other organised crime operatives posturing as responsible holders of office and power, have hijacked and systematically prevented from being mobilised for the Settlements, which is what the money, sent over mainly from Europe, is FOR. In June 2007, we reported that Greenspan had been arrested. On 25th June 2007, a highest-level Trustee sent an email to the Editor at 1:38am UK time, stating that 'I was able to get confirmation of Greenspan's arrest'.


ANOTHER FRAUDULENT PROSPECTUS FROM THE KING OF OFFICIAL FRAUDULENT FINANCE:
The following summary analysis of the so-called 'unprecedented rescue plan' inveiled by the US Government to mindless global applause on Sunday 21st September 2008, represents a fraudulent prospectus that exploits and perpetuates the very skulduggery that is responsible for the crisis.

The skulduggery in question revolves around the fact that when bank loans are securitised and sold on to buyers, usually foreigners who haven't done adequate due diligence, the sale qualifies as a sale of assets. The seller (the bank) retains NO RISK OF LOSS from the transfer of these assets and has NO OBLIGATION TO THE BUYER if:

The borrowers of the original loans default on their payments; or:

Changes in market values of the on-sold securities take place.

In other words, the risk is transferred from the bank to the owner of the securities, and if the borrower defaults, it's not the bank's problem, it's the problem of the owner of the securities.

SEE OUR ARTICLE DATED 26 DECEMBER 2007 ON THE FRAUD UNDERLYING FORECLOSURES:
There is no difference, in principle, between this mechanism and the fraud model employed to ransack the mortgage sector. In that context, the bank sold the mortgage either directly or else repackaged as a securitised pool of assets, to the Government-Sponsored Enterprise (GSE) of choice (Freddie Mac or Fannie Mae), and walked away clear having alienated the contract and leaving the so-called 'owner' of the mortgage without a valid contract (1).

At foreclosure, those mortgage-holders who have had the presence of mind to notify the Court beforehand that they have requested the original contract from the bank and have been unable to obtain it in time for the hearing (because the bank has sold the contract on to the corrupt GSE in question), have been 'heard' by the Court and have usually been told that they can hold onto their property and that the foreclosure is null and void. For further details, please refer to our report dated 26th December 2007 entitled: 'The 'subprime' 'slide' that masks fraudulent finance' [Archive].

THE LATEST 'STICKING PLASTER' FRAUD FLOATED BY THE U.S. TREASURY:
As promulgated for public consumption, the latest of these proposals which the cornered 'brains' in the Treasury and elsewhere have been coming up with on an almost daily basis as they seek to establish which sticking plaster has the strongest holding power, the latest 'rescue' proposal that the US Government is trying to ram through the Congress would allow the Treasury to buy up 'toxic' debts from recalcitrant financial institutions, including US branches of foreign banks, to 'try to stem the worst financial crisis since the Great Depression' according to The Daily Telegraph. Like the entire so-called 'mainstream' media, this newspaper has STILL failed to grasp that this crisis arises NOT from a failure of the system, but because of rampant fraudulent finance and the abject (we would say co-conspiratorial) failure of the US Regulators to do their job.

None of the plasters have come up to 'scratch' so far because all seek to bypass the on-the-books Settlements that the US Treasury Secretary and his accomplices have been blocking in order to try to avoid incriminating themselves more than they are already incriminated.

Since fraudulent finance is what these 'brains' specialise in, we should not be surprised that the so-called 'rescue' plan exploits the fraud outlined above, with the variation that the 'toxic' securitised assets that will be repackaged for onward sale again, will be given some falsely determined value created out of thin air and justified by an official US Government imprimatur.

The underlying asset will remain trash, but the US Government will say it isn't trash.

INSTITUTIONS WILL WALK AWAY FROM THE SCENES OF THEIR CRIMES:
Meanwhile the institutions, which have been engaged in fraudulent finance operations and are therefore no different from criminal enterprises, will get to walk away from the scenes of their crimes with a peculiar sum of $700 billion, which just happens to match the liabilities in a certain Virginia bank that cannot be repackaged in this manner; and the money will wind up in the pockets of the official and institutional perpetrators of this latest variation of the fraud outlined above.

PROPOSED LEGISLATION AMOUNTS TO A DE FACTO COUP D'ETAT:
To make matters far worse, the legislation that is now being rammed down the Congress's throat, will amount to a coup d'etat reminiscent of the 'coup d'etat by installments' (1) perpetrated at the outset of Hitler's Third Reich in Germany. This is because the proposed bill trashes what little remains of the US Constitution by providing that one Branch of the American Government, the Judicial Branch, will be precluded from oversight of what the US Treasury Department, which is a component of the Executive Branch, will be 'permitted' to do under this legislation.

No single Branch of the US Government can constitutionally combine with another Branch to nullify powers of the third Branch, whether such arrangements are labelled 'temporary' or not.

Since this is precisely what is being proposed, the legislation that the Congress is being hassled to pass, on the pretext of almost force majeure, represents a coup d'etat in all but name. Legislators voting for this measure will incriminate themselves, thereby joining all the US officials and office-holders who are seeking to perpetrate this grotesque putsch against the Constitution and who are themselves, as most legislators know full well, the architects of the crisis that they are now using as a pretext for the assumption of these near-dictatorial powers.

CONGRESS MUST SAY NO, OR IT DESTROYS ITSELF TOO:
Irrespective of the consequences, the Congress must say NO. This would be a safe bet anyway, because this proposal won't 'fly' with either the US taxpayer or in the international financial markets generally. The main reason for this is that the furore surrounding the endless US blocking of the Settlements and the consequent destabilisation of the entire global financial system and economy has had the effect of causing scales to fall from the eyes of counterparties worldwide.

This will explain why new counterparties are planned, including an operation in Africa which, we are led to believe, will be headed by none other than the US Treasury Secretary himself after he has left office. This man is the primary apparatchik who is responsible for the financial crisis.

According to our sources, he will have at his disposal a considerable volume of the $700 billion that the US Government is asking the Rest of the World to provide, ostensibly to extract the US official perpetrators out of the grave that they have been digging for themselves thanks to their ongoing determination to perpetuate these fraudulent finance operations, rather than fulfilling their oboligations to the American people and the Rest of the World to clean up their act.

THE SOLUTION TO THEIR PROBLEM, SERIOUSLY, IS MICHAEL C. COTTRELL'S REFORM PLAN:
For the solution to their problems, after payment of the hijacked Settlements, please see the simple Plan framed by the US securities expert Michael C. Cottrell, B.A., M.S., which has been reposted for the third time on our website (dated 18th September 2008).

ANALYSIS OF THE FRAUDULENT FINANCE LURKING INSIDE THIS LATEST FALSE PROSPECTUS:

We will now analyse the financial fraud that resides at the centre of the most recent 'sticking plaster' proposals concocted by the US financial authorities, in more detail.

As will be seen, far from healing the wound, it pours more venom into the bloodstream, with the certainty that the entire limb will succumb to gangrene, requiring later amputation at the thigh:

SECURITISATION: In this context, it means the conversion of BANK LOANS as well as other assets into marketable securities for sale to investors (who may not do their due diligence):

FACTS:

(1) The securities offered for sale can be purchased by other depository institutions or nonbank investors. The selling bank is not fussed who buys the securities, as long as it gets rid of them.

(2) Securitisation can also mean financing through FLOATING RATE NOTES and Eurocommercial paper, replacing bank loans as a means of borrowing. This is a form of securitisation, too.

WHAT SECURITISATION ACHIEVES for financial institutions (the only parties they care about):

... By securitising bank loans and credit receivables, US financial institutions are able to REMOVE bank assets from the balance sheet if certain conditions are met, thereby BOOSTING capital ratios, whereupon the institution can extend fresh loans from the proceeds of the securities that have been sold to investors (who are indeed unlikely to have done their due diligence, not least in this context because they will be bamboozled by the official US Government imprimatur).

THE PROCESS: So what this gimmick does, is it effectively MERGES THE CREDIT MARKETS (for example, the mortgage market, within which lenders can extend NEW mortgages) with THE CAPITAL MARKETS, because:

Bank receivables are repackaged as bonds collateralised into pools of mortgages, auto loans, credit card receivables, leases, and other types of credit obligations: AND:

Since the banks look to investors as the ultimate holders of the new obligations created via bank lending, financial institutions as an industry have become more inclined to act more as SELLERS OF ASSETS, rather than as PORTFOLIO LENDERS which traditionally keep all the loans that they have originated in their own portfolio. Banks now operate more as marketing platforms than as lenders.

SECURITISATION also redefines the standard banking sector definition of ASSET QUALITY, and loan underwriting standards, because LENDERS are focused on LOAN QUALITY only insofar as it facilitates MARKETABILITY IN THE CAPITAL MARKETS. It's all about MARKETING THE NEW SECURITY, rather than the PROBABILITY OF REPAYMENT by the borrowers of the bank loans.

NON-RECOURSE: THE SECRET OF PAULSON'S DECEPTION AND FRAUD MODEL:
SO, IF A BORROWER DEFAULTS, the bank is off the hook because it sold the loan to a third party and the bank has its money already. The injured party is the holder of the security (the third party) who is left holding a worthless asset, and is stuck with the problem of NON-RECOURSE. The third party cannot claim the value back from the bank because the bank has washed its hands of the loan when it sold the loan repackaged as an asset-backed security to the third party buyer.

A subsidiary fraud buried in this deception is that since the securitised 'asset' consists of a pool of the aforementioned securities, the borrower's default is glossed over and the third party doesn't get to know about it. But of course:

THIS MEANS THAT THE VALUE OF THE SECURITISED ASSET IS BY DEFINITION UNQUANTIFIABLE...

WHICH IS BLATANT, OUTRIGHT FRAUD...

AND A GROSS BREACH OF SECURITIES REGULATIONS BY THE ISSUING BANK...

WHICH NONE OF THE ISSUING BANKS WANT YOU TO KNOW ABOUT.

SO, THE U.S. TREASURY PROPOSES TO INSTITUTIONALISE THESE FRAUDULENT PRACTICES:
Therefore, what the US Treasury is proposing is to institutionalise this fraudulent process and to 'legitimise' it by appending the imprimatur of the Full Faith and Credit of the United States, as though the securitised assets in question have suddenly acquired real value, which is UNTRUE.

By extension, this means that the US Treasury proposes to perpetrate the same criminal financial fraud model that we have exposed, and to pass it off as 'legit' on the basis of its expectation that parties foolish enough to buy these 'assets' won't have done adequate due diligence.

SORRY, BUT THERE AREN'T ANY COUNTERPARTIES LEFT WITH SCALES ON THEIR EYES
This is not going to work because, as indicated above, there aren't any willing counterparties around any more. US skulduggery has gone on far too long, and the Governments that are being asked to cough up the $700 billion to finance the pocket money that these people covet, are very unlikely to want to know. Especially after the American Government's and Treasury's reputation for honourable dealing has been wallowing in the gutter for the past several years, as a consequence of its hijacking of the Settlements funds, the stealing of The Queen's gold, and the misuse of her funds with Citibank to finance deals to make quick bucks for insiders, contrary to the Rule of Law. Furthermore:

FOR REGULATORY REPORTING PURPOSES, a loan that is CONVERTED INTO A SECURITY and SOLD as an ASSET-BACKED SECURITY qualifies as a SALE OF ASSETS.

The seller (the institution) retains NO RISK OF LOSS from the assets transferred, and has no outstanding OBLIGATION to the BUYER OF THE ASSET-BACKED SECURITY if:

(1) The borrower defaults; or:

(2) Changes occur in the so-called market value of the asset-backed securities sold on.

IN OTHER WORDS, THE HOLDER OF THE ASSET-BACKED SECURITY HAS NO RECOURSE.

By contrast, asset transfers where the buyer does have RECOURSE against the selling institution are treated as FINANCINGS, or else as BORROWING SECURED BY ASSETS.

Source: Thomas Fitch, 'Dictionary of Banking Terms', Third Edition, Happauge: Barron's Educational Series, Inc., 1997, s.v., 'Securitiszation'.

One other definition will assist comprehension of the fraudulent finance that the US Treasury wants the US Congress to rubber-stamp:

SYNTHETIC ASSET: A synthetic asset is a value that is artificially created using other assets, such as securities, in combination. Also known as a 'Structured Note'.

Source: John Downes and Jordan Elliot Goodman, 'Dictionary of Finance and Investment Terms', Seventh Edition, Happauge: Barron's Educational Series, Inc., 2006, s.v. 'Synthetic Asset'.

THE INTENDED FRAUD IS MULTIPLE FRAUD:
In summary, what is intended is a perpetuation of the following technical securities frauds:

It is securities fraud if the lender fails to inform the borrower that the loan has been sold on.

It is securities fraud if the lender fails to inform the buyer of the repackaged so-called asset-backed security that the borrower has defaulted, may well default, or that the cashflow from the borrower may be unreliable. Since that is standard practice with these frauds, the buyer of the asset-backed security pays a false price for a 'piece of paper' the value of which, by definition, will remain unknown.

For the US Government to enter into such fraudulent finance operations as Principal risks destroying what remains of the Full Faith and Credit of the United States, within a matter of days or weeks. No-one who is not sitting on their brains is going to buy this 'solution' to the financial crisis, not least because the whole world is now aware that the US Government cannot be trusted and that its behaviour over the Settlements has been criminal.

The only parties who are being bamboozled by this ramp are the stupid 'mainstream' talking heads.

PRECISE DEFINITIONS FOR REFERENCE:
The 'Dictionary of Banking Terms' by Thomas P Fitch [Third Edition, Happauge: Barron's Educational Series, Inc.,] published in 1997, defines SECURITIZATION as follows:

'SECURITIZATION': 'Conversion of bank loans and other assets into marketable securities for sale to investors. Securities offered for sale can be purchased by other depository institutions or nonbank investors. More broadly, corporate financing through Floating Rate Notes and via Eurocommercial paper, replacing bank loans as a means of borrowing, is a form of securitization.

By securitizing bank loans and credit receivables, US financial institutions are able to remove bank assets from the balance sheet if certain conditions are met, boosting their capital ratios, and make new loans from the proceeds of the securities sold to investors. The process effectively merges the credit markets (for example, the mortgage market in which lenders make new mortgages) and the capital markets, because bank receivables are repackaged as bonds collateralized by pools of mortgages, auto loans, credit card receivables, leases, and other types of credit obligations.

As the banks look to investors as the ultimate holders of the obligations created by bank lending, banks as an industry are inclined to act more as sellers of assets, rather than portfolio lenders that keep all the loans they originate in their own portfolio.

Securitization also redefines the banking definition of ASSET QUALITY, and of loan underwriting standards, because lenders will be looking at loan quality more in terms of their marketability in the capital markets than the probability of repayment by the borrowers.

For regulatory reporting purposes, a loan that is converted into a security and sold as an asset-backed security qualifies as a sale of assets. The seller retains no risk of loss from the assets transferred, and has no obligation to the buyer for borrower defaults or changes in the market value of securities sold. Asset transfers where the buyer has RECOURSE against the selling institution, are treated as financings or a borrowing secured by assets.

Securitization of bank assets is further complicated by Securities and Exchange Commission [SEC] regulations, and accounting guidelines...' ENDS

... And the reason for THIS is that the securities market environment is far stricter and inimical to financial fraud than the banking sector environment. The abandoned Glass-Steagall Act legislation will have to be restored in a new, updated format, as requested by Michael C. Cottrell, B.A., M.S., in his proposals displayed at www.worldreports.org dated 18th September 2008 [Archive].

The 'Dictionary of Finance and Investment Terms', by John A Downes, A.B., and Jordan Elliot Goodman, A.B., M.A. [ 'Dictionary of Finance and Investment Terms', Seventh Edition, Happauge: Barron's Educational Series, Inc.], published in 2006, defines ASSET-BACKED SECURITIES thus:

'ASSET-BACKED SECURITIES': 'Bonds or notes that are backed by loan paper or accounts receivable originated by banks, credit card companies, or other providers of credit and often "enhanced" by a bank LETTER OF CREDIT or by insurance coverage that is provided by an institution other than the issuer. Typically, the originator of the loan or accounts receivable paper sells it into a specially created trust [or subsidiary corporation: see below: Ed,] which repackages it as securities with a minimum denomination of $1,000 and a term of five years or less. The securities are then perhaps underwritten by brokerage firms who reoffer them to the public. Examples are CERTIFICATES FOR AUTOMOBILE RECEIVABLES (CARs) and so-called plastic bonds, backed by credit card receivables.

Because the institution that originated the underlying loans or receivables is neither the obligor nor the guarantor, investors should evaluate the quality of the original paper, the worth of the guarantor or insurer, and the extent of the protection'. ENDS

SELLING THE ASSET-BACKED SECURITIES ON: WHO TO?
The US and international financial markets are no more enamoured of this latest attempt by the US Treasury to pull a rabbit out of a hat full of holes than about any of the earlier 'rescue' operations, which all have one feature in common: their primary functions are to serve the interests of a very small clique of criminalist 'insiders' who have been engaged in ransacking the financial markets for private gain, and to finance the operations of the 'State within the State', namely the Intelligence Power, which, due to its power of penetration, controls all dimensions of Government, starting with the White House itself.

Basically, the latest Treasury proposal, which almost seems to be withering on the vine before it gathers any traction, is all about the Treasury acquiring new cash so that the new money can be siphoned off to 'insider' operations controlled by the highest-level operatives.

MODELS FOR THIS NEW VERSION OF THE SAME OLD FRAUD:
The models for this unconscionable abuse of financial power by officials and holders of high office relate to Delmarva Timber Trust, Meridian Investments, Alpha Holdings and the primary slush-fund operation, Carlyle, which is similar in concept and origin to the notorious AIG, which has been at the epicentre of CIA fraudulent finance operations for decades. As another analyst has pointed out, the $85 billion bridging loan (offset by funding from the Reserve Bank of Australia) extended by the US authorities to AIG, gives the Government an 80% share in AIG, 'a move that will prevent external players from peering into AIG's myriad intelligence operations on behalf of the CIA' (3).

WE 'PEER INTO AIG'S MYRIAD INTELLIGENCE OPERATIONS ON BEHALF OF THE CIA':
This entity was chaired, until his enforced resignation, by Maurice 'Hank' Greenberg, a close friend of Dr Henry Kissinger. AIG's operations in Asia are reported by the same source (3) as having pre-dated the CIA and its predecessor, the wartime Office of Strategic Services (OSS). AIG's brand new building in Hong Kong had been intended as a key outpost for CIA operatives assigned to China.

But Chinese intelligence succeeded in thoroughly wiring the building with surveillance systems, so that AIG's China operations on behalf of the CIA were blown. With the US Government now in full control of AIG, the George Bush Center for Intelligence (Langley) and the Bush Family will, as this source noted on 18th September, 'breathe a lot easier'. Well, not actually...

Because any investigative journalist can easily 'peer into AIG's myriad intelligence operations on behalf of the CIA' by accessing the rollcall of AIG subsidiaries listed by the State of Delaware. On 21st September 2008, this list contained 747 names, of which an initial sample is shown here.

SAMPLE LIST SHOWS THAT AIG DELAWARE SUBSIDIARIES SERVICE THE 'BOX GANG':
It will be noticed that the name 'Baker' appears frequently, and that there are some entities containing the name 'Chelsea'. Do we need to explain that 'Baker' entities are connected with George Bush Sr., and 'Chelsea' entities with the Clintons?

One way that such entities are financed is through the issuance, for instance, of AIG shares to the subsidiary, which then uses the shares as collateral for bank loans. The proceeds are then placed into trading programs for private enrichment and off-off-budget financing (also known as 'Black' Budget') purposes. Hence, the earlier exotic 'rescue' of AIG represented (as is the case with each successive, ever more 'exotic', US official initiative to get the official perpetrators of financial fraud off the hook), a 'backside protection operation', to escape, for instance, Chapter 11 proceedings and the appearance on the scene of Trustees, who would expose the fraudulent finance that has been going on and would be legally obliged to report such glaringly criminal operations to US law enforcement authorities.

Entities such as the AIG Delaware corporations shown here represent improperly audited CIA and 'Black Ops' enterprises to which securitised assets such as those reviewed above, might be on-sold. An immense amount of 'smoking gun' information along similar lines is available to be mined; and relentless exposure of such fraudulent finance activities must accompany wholesale reform of the system, for example along the lines proposed by Michael C. Cottrell, B.A., M.S., and reposted on this website on 18th September 2008, if the Republic is to stand even a slight chance of ever hoping to redeem its tarnished reputation with the Rest of the World:

FILE NUMBER + ENTITY NAME
2143191 AIG ACQUISITION CORP.
2227137 AIG ACQUISITION CORP.
3304183 AIG AJV, INC.....((........etc..........))


Notes and References:

(1) The 'subprime' 'slide' that masks fraudulent finance: 'The money you make illegally using my money is my money': Report dated 26th December 2007: see www.worldreports.org: Archive.

(2) 'Coup d'etat by installments': Phrase used to describe Hitler's seizure of power in stages, by Konrad Heiden, 'Der Fuehrer', Boston, 1944, page 579, cited in 'Hitler's Thirty Days to Power: January 1933', Henry Ashby Turner Jr., Addison-Wesley Publishing Co., Inc. Reading, MA, 1996:

'Only by banning the Communist deputies and by resorting to intimidation and mendacity did Hitler secure on March 23 the necessary two-thirds vote in the new Reichstag for an Enabling Act that transferred legislative authority to his Cabinet, ostensibly for four years'.

BE AWARE that the 'Paulson, 'rescue plan' is supposed to be TEMPORARY. DON'T BELIEVE IT.

'A wave of Nazi purges followed, as one institution after another was subjugated. Arbitrary rule replaced government by law in what has been aptly termed a "coup d'etat by installments"'.
 
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September 22, 2008 6:52 PM

How Much Will You Put Up With? (video)

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Hi Pals,
 
I’m against the $85,000,000,000.00 bailout of AIG. These People put us in this position in the 1st place because of there Greed
 
Instead, I’m in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.
September 22, 2008 7:06 PM

THE BIRK ECONOMICT RECOVERY PLAN

September 22, 2008 7:34 PM

Welcome to the Con of the Century! (video)

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September 22, 2008 7:08 PM

UFO Crash Footage (video) haiti?

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September 22, 2008 7:20 PM