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45 percent of world’s wealth destroyed
- Text size
Megan Davies and Walden Siew
Reuters
March 13, 2009
NEW YORK (Reuters) – Private equity company Blackstone Group LP (BX.N) CEO Stephen Schwarzman said on Tuesday that up to 45 percent of the world’s wealth has been destroyed by the global credit crisis.
- A d v e r t i s e m e n t
But the U.S. government is committed to the preservation of financial institutions, he said, and will do whatever it takes to restart the economy.
U.S. Treasury Secretary Timothy Geithner plans to unfreeze credit markets through a new program that will combine public and private capital in a fund that would buy bank toxic assets of up to $1 trillion.
“In all likelihood, that will have the private sector buy troubled assets to clean the banks out in terms of providing leverage … so that we can get more money back into the banking system,” Schwarzman said.
He expects the private sector to end up making “some good money doing that,” but added there were complex issues on how to price toxic assets.
He put part of the blame for the financial crisis to credit rating agencies.
“What’s pretty clear is that, if you were looking for one culprit out of the many, many, many culprits, you have to point your finger at the rating agencies,” he said.
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March 13th, 2009 at 12:38 pm
HOLYYYYYYYY FUCK
March 13th, 2009 at 12:40 pm
What a trash story, I must say, this Alex Jones is one big job. Now I must give him credit, for the way he grew prison planet, and infowars. Furthermore, he brought a lot of really stupid in the would out of the shade and into the light. I have asked Alex Jones to allow me time to speak with him on things that he report on his site since the hey day of the prison planet site, which was much better than the new infowars and prison planet site. Now i say, he grew by leaps and bounds, yet he does not give the real whole honest truth about the world today. There is no secret group trying to take control over the world and build a New World Order. The reason for that being false, is that we all ready control the world, and have a one world government. we have all was had a one world government, and controlled the world. Now you see the myth, of what Alex Jones talk about, most think the change is far off, but in reality, all of you have been controlled since the time you arrived in this world. We will continue to control you, because you are weak, and nothing with out us. We do not want control over the food supply, we all ready have control over the food supply. We do not want more control over the guns, we all ready control the guns. None of you make your own guns, you buy them from us. Now you see the real light. We do not want more control over you life we all ready have control over you life. Even Alex Jones depends on us, he is our dependent. LoL With out us Alex Jones is nothing, just another little piss ant. He makes us lots of money, by using our system, the same system that he hates. LOL, Come on Alex, tell the sheep the truth, Game over, Endgame ended in the 16th century. We gave you freedom only to re slave you. So if you want to live in this world, the best thing for you guys to do is just keep working with in the system, like good little children.
Peace,
The Duke
Pablodrifter Reply:
March 13th, 2009 at 12:50 pm
Duke; you are a traitor and a fool.
WarmWind Reply:
March 13th, 2009 at 12:54 pm
Either you are using sarcasm to encourage us to battle the NWO or you are deceiving yourself.
You are certainly not a member of the NWO.
Some of us still make our own guns, raise our own food and are in control of ourselves.
I will pray for you and other lost souls like you.
Peace
Martini Mark Reply:
March 13th, 2009 at 1:00 pm
Sounds like the Duke is trying to disarm the minds of the people. Desperation is in the wind. I smell the fear of the NWO. As people wake up to NWO, the fabric of illusion is unveiled. If the sheeple wake up we will be free again. The Duke sounds like he a scum bag who needs a bullet. His time is coming. We only need to take out one a peice folks. It’s like Moose season, when season starts get your one. Keep the powder dry .
Beavis Reply:
March 13th, 2009 at 1:03 pm
Metallica. Sad but True. Give it a listen.
fredjones Reply:
March 13th, 2009 at 1:06 pm
You must be the biggest DUMBASS in the whole world. Or maybe you are the worst troll ever, or both. I find it very hard to believe that you are in control of anything. You don’t even know how to type or use proper English. Does mommy know you skipped school today?
enoch7 Reply:
March 13th, 2009 at 1:32 pm
If Alex is nothing why are you here? Don’t waste your precious time or your ” beautiful mind” here you pile of shit. Don’t go away mad just go away.To everyone here with some understanding. The 45% never existed. They stole our money while they put the illusion that there was more than that there. That is the big scam. Make it look like there is plenty and take the real assets leaving nothing but paper and illusions and cover it by saying ” well it’s complicated ” No it’s not, it’s theft.
Freedom of limited speach, Reply:
March 13th, 2009 at 4:39 pm
FASCISM WARNING SIGNS OF FASCISM
1. Exuberant nationalism
Fascist regimes tend to make constant use of patriotic images, slogans and symbols – National flags are seen everywhere in public display. Territorial aggression is explained to be mere destiny — an unbidden greatness thrust upon the nation by history.
It is this burden of unique responsibility that now raises the fascist state above all previous constraint, no longer bound by international obligations, treaties or law.
2. Enemies Identified
This national cause is identified as unity against enemies – The people are rallied around a unifying patriotism directed against some common threat: communists, liberals, a racial, ethnic or religious minority, intellectuals, homosexuals, terrorists, etc.
The state’s message is sometimes couched in an easily recognized religious theme. Amazingly, this language is used even when the full context of the teaching shows the meaning to be diametrically opposed. Any dissent is “siding with the enemy”, and there for treasonous.
3. Rights Disappear
Disdain for human and political rights – Fascist regimes foster an artificial climate of fear by intentionally amplifying stress and anxiety. Citizens naturally feel a strong need for security and are easily persuaded to ignore abuses in the name of safety. The few still willing to question are met with bullying and smear campaigns of intimidation.
Legislative bodies, if still in existence at all, are cowed into rubber-stamp submission with occasional ceremonial opposition. The judiciary tends to become activist in support of state views. The public often looks away, or even enthusiastically approves as rights are stripped away.
The concept of the individual inevitably yields ground, exchanged for the promised safety of the all-powerful state.
4. Secrecy Demanded
Obsession with secrecy and national security – The workings of government become increasingly hidden. Questioning of authority is discouraged at all levels of society. From office talk at the water cooler up through the entire apparatus of rule, guarded speech and secrecy become ends in themselves.
Troubling questions are muted and entire areas of scrutiny are placed out of bounds by simply invoking “national security”.
5. Military Glorified
Supremacy of the military – The military establishment receives a disproportionate share of government resources, even as pressing domestic needs are neglected. Individual soldiers and military culture are glamorized and made constantly visible.
This provides both an object for public glorification, as well as sharp warning to possibly restless citizens that the power of the state stands close at hand, ready to use its great potential for violence.
6. Corporations Shielded
Corporate power is protected – Typically, a segment of the business elite plays a major role in bringing fascists to national leadership, often from an unsavory obscurity. This marriage of big money and raw violence is often considered by historians to be the hallmark and backbone of fascism.
As these business-government-military interests meld, the significant threat of organized labor is clearly recognized. Labor unions and their support organizations are either co-opted successfully or ruthlessly suppressed and eliminated as soon as possible.
7. Corruption Unchecked
Rampant cronyism and corruption – Fascist states maintain power through this relatively small group of associates, mutually appointing each other to interlocking and rotating positions in government, business and the military.
With this degree of control, they make full use of both official secrecy and the ready threat of state violence to insulate themselves from any meaningful criticism. They are not accountable and are shielded from scrutiny in a way unthinkable in a democratic society.
8. Media Controlled
Controlled mass media – Sometimes the media are controlled directly by clumsy government functionaries. At other times, sympathetic corporate media insiders shape the themes indirectly, and there for more skillfully. Image regularly trumps content as the “news” is presented breathlessly and with flashy stage effects.
A practiced formula of tenacious repetition brings even the most absurd lie into acceptance over time. By design, the very language itself and the coloration employed will push alternate views “out of the mainstream”.
The terms of any remaining debate are narrowly defined to the state’s advantage, making it easy to marginalize a truly differing perspective. Censorship and “self-censorship”, especially in wartime, is common.
9. Rampant Sexism
Rampant sexism – Governments of fascist states tend to be almost exclusively male-dominated. Traditional gender roles are made even more rigid and exaggerated. Condemnation of abortion and a virulent homophobia are commonly built into broad policy.
10. Intellectual Bullying
Disdain for intellectuals – Fascist society tends to create an environment of extreme hostility to critical thought in general, and to academics in particular.
Ideologically driven “science” is elevated and lavishly funded, while any expression not in line with the state view is at first ignored, then challenged, then ridiculed and finally stamped out.
It is not uncommon for academics to be pressured to attack the work of their insufficiently patriotic peers. Writings are censored; teachers are fired and arrested. Free artistic expression in new works is openly attacked, and existing works deemed unpatriotic are often publicly destroyed.
11. Militarized Police
Obsession with crime and punishment – Fascist society is often willing to overlook police abuses and forego civil liberties in the name of patriotism. Long jail sentences for clearly political offenses, torture and then assassination are at first uncomfortably tolerated, and then start to pile up to become the norm.
Often a national police force is given virtually unlimited power to snoop through the civilian population. Networks of surveillance and informers are employed, both for actual intelligence gathering and also as a means to keep neighbors and co-workers isolated and mistrustful of each other.
12. Elections Stolen
Fraudulent elections – In the disordered time as fascists are rising to power, the electoral arena becomes increasingly confusing, corrupted, and manipulated.
There is rising public cynicism and distrust over what are widely believed to be phony elections manipulated by moneyed influence, obvious media bias, smear campaigns, ballot tampering, judicial interference, intimidation, or outright assassination of potential opposition. Fascists in power have been known to use this
Info only, Martial Law to be invoked by bush Oct 31st or a few days after
martial law will be declared. Martial law is when the writ of Habeas Corpus to have a trial by jury is suspended. Instead, of going to the judge, you go straight to jail.
Educate and inform the whole mass of the people… They are the only sure reliance for the preservation of our liberty.
I believe that banking institutions are more dangerous to our liberties than
standing armies
Thomas Jefferson
All tyranny needs to gain a foothold is for people of good conscience to remain silent,
The will of the people is the only legitimate foundation of any government,
and to protect it’s free expression should be our first object
Thomas Jefferson
1. I believe that banking institutions are more dangerous to our liberties than
standing armies.
Thomas Jefferson.
Need more be said, and I do hold a few thoughts, that seam out in left field! I’m call nuts for
these beliefs, I say take a stand and replace out present congress, these people are the same on both sides, Take control of the voting process, If that means 1 paper ballot, Not Diebolt
You see under the US. Constitution it gives me and you the right to replace our government, When it is not working for the people, Indeed we are in these times, We were told “At this moment in the world, Terrorist are planning new attachs on our country. There goal is to bring destruction to our shores’, That it will make Sept 11th look pale by comparison” By George W.Bush Feb 13, 2008
Search CBS News for this quote, Now go to the Dick Cheney quote April 15th 2008, It’s godamn crazy, and these two are lunatics, A hint at what Cheney said A Nuclear weapon go’s off in one of our own cities…..It’s a very threat””! See I say this and I am a nut case, and they go on and on,
This Banking deal is far from over,
Well thanks for the story,
><
???
Oath of Office for President of the United States
US Constitution, Article II, Section 1
Before he enter on the execution of his office, he shall take the following oath or affirmation: “I do solemnly swear (or affirm) that I will faithfully execute the office of President of the United States, and will to the best of my ability, preserve, protect, and defend the Constitution of the United States.”
ConfuciousJim Reply:
March 13th, 2009 at 6:42 pm
Duke- if you’re gonna troll you stupid asswipe, at least have the courtesy not to cut and paste the same bullshit from article to article. Be an imaginative asshole since you can’t seem to be anything else.
StillChaoticAndtheTimeLords Reply:
March 13th, 2009 at 9:24 pm
What is your point? You still have not convinced me anything about 9/11.
Fist convince me of the official 9/11 story then we can go from there. If 9/11 truth then anything and everything is possible!!!
Then again… what thell hell am I saying? Can you really trust the powers that be — judging from history?
The signs are everywhere.
StillChaoticAndtheTimeLords Reply:
March 13th, 2009 at 9:26 pm
And dude, use some paragraphs. Hehe. I know I went to public school and slacked off but I dun care and you still need some paragraphs!
StillChaoticAndtheTimeLords Reply:
March 13th, 2009 at 9:27 pm
But I admit… I sometimes do feel like maybe I am crazy. *shrugs*
mot10001 Reply:
March 14th, 2009 at 11:15 am
Should be signed , The Dork, not the duke. You can’t even spell, you fucking retard. You improperly spelled or just mis-used like thirty words in your little rant.
schauberger Reply:
March 14th, 2009 at 8:21 pm
Ah, 16th Century?
I agree, should be called The Dork.
March 13th, 2009 at 1:08 pm
EXCUSE ME! HELLO!
This is a Reuters news article that Alex Jones pulled off the ‘news wire’
Alex Jones DOES NOT make up this stuff. It says Reuters At the Top Of The Article!!!!!!!!!!!!! DUH?
We are ALL Palistinians now. Reply:
March 13th, 2009 at 10:07 pm
I was going to say the same thing. WTF? This is just a main stream news feed.
How is this anything positive OR negative for Alex?
If you want to bag on Infowars then bag on the stupid article about michell obama “throwing up satanic horns”
If you want to try to do psyops on the infowars stuff try doing it on stupid articles not regualr ones!!!!
Jeeze!
March 13th, 2009 at 1:35 pm
I’m am not of this ‘kingdom’ nor will I ever be. See you in the next one now don’t be late !
ps
everything’s fine, remember?
March 13th, 2009 at 1:42 pm
The money did NOT disappear as stated by the media.
It went somewhere and that is why Ron Paul wants to pass HR. 1207 to expose the trail.
It is just too late for the NeoFascism government to close down the offshore banks because they all ready moved it out of the country.
Gotta expose the trail before they close the doors and take control of the information.
Somebody has the money…people are still paying on the debt. So it is not imaginary.
March 13th, 2009 at 2:15 pm
Let’s get something straight here. The wealth was not destroyed but has been transferred to the GD criminal rich!!!!!!
March 13th, 2009 at 2:17 pm
Let get something correct here. The wealth was not destroyed but transferred to the GD criminal Rich!!!!!
March 13th, 2009 at 5:45 pm
“Someone” told a very big lie about all that “Wealth”
Now you see it, now you don’t…
A bit of the ol’ Three-card Monte
AIPAC Banker Sham?
March 13th, 2009 at 7:12 pm
Forty-five percent of the world’s wealth did not “disappear.” Perhaps, 45% of the market valuation of the world’s wealth and associated debt instruments disappeared and that is not the same thing.
This has been an ongoing scam for a couple of decades…and the financial classes have done then time and again for at least two centuries…they inflate values, then the insiders sell…
We need to change the system–not fix it. Getting rid of the Federal Reserve and its Demo-publican political apparatus should be the first item on the agenda.
March 13th, 2009 at 7:19 pm
You are so right enoch7, I have read Irish Myths since that is all we have, How certain God like legends made deals with thier adversaries, giving them gifts in exchange for what they wanted, and in a matter of days everything they gave out dissappeared within hours or days. Very funny huh.
March 13th, 2009 at 7:21 pm
Fuck Jack McLamb and the horse he rode up on.
March 13th, 2009 at 7:43 pm
any body notice DUKE spells like an 8 year old?
March 13th, 2009 at 8:19 pm
“The Duke” does make some good points…their power and control is exemplified by the fact that the value of the federal reserve note–called “the dollar”– still retains much of its value despite the phenomenal increase in M-III…This tells me, more than everything else, the real power of these monsters who rule our ‘Midway’.
What “The Duke” is wrong about, however, is his suggestion that we should give up. In a sense this battle against the NWO is like the battle to preserve the Constitution of our forefathers– which we are also losing. Perhaps it is trite, but the old line..”When the going gets tough, the tough get going.” Frederick the Great, Washington and others came back against seemingly insurmountable odds to accomplish great things. Alex is right in continuing this fight against the demonstrable evil represented by the Financial Oligarchs and their pet monkeys in Washington and other world capitals…Devil Take them!–And their system!
March 13th, 2009 at 9:08 pm
So where did it go? Was it virtual money or what? Wealth conjured from numbers!
It just gambling using numbers — as magical solutions to Life!
March 13th, 2009 at 11:05 pm
LOL, wealth can not disapear people, it merely changed hands.
March 13th, 2009 at 11:43 pm
Real wealth doesn’t just vanish into thin air, so the title of this article should have been:
“45 percent of world’s fictitious wealth destroyed”
The only way to solve this is through monetary reform.
Google “Web of Debt”
March 14th, 2009 at 12:42 am
this article is full of pro-bailout propaganda
of course its hard to label a price on a toxic asset
ITS TOXIC ITS WORTH NOTHING
March 14th, 2009 at 8:13 am
Correction, the money was transferred to the criminal banking cartel. What was destroyed? The working man future!!!!!!!!!!
March 14th, 2009 at 9:24 am
NEVER FORGET WHY YOU CAME HERE. because its the duty of the Patriot. To question government.
Start prepairing now. hide food and water, create weapon stash points, start creating underground networks. PATRIOT NETWORKS. becarefull of what technology you cary, you may be trackable. get a mobile cb radio. prepair you friends and family.
You don’t have to die but you may have to fight. so get med kits and antibiotics and pain killers.
LONG LIVE THE CONSTITUTIONAL REPUBLIC FOR WHICH IT STAND
AND DEATH T O THE NEW WORLD ORDER.
If Texas falls you will hear the call of war.
March 14th, 2009 at 1:17 pm
This is another false flag article. They act as if the 45% diapeared into nothing. Well it did not just disapear, it went to those that control everything. All it did was change it’s form. IF this 45% was in the hands of the people we would not be in this global finacial crisis.
We know who is to blame for this mess, we know who wants to finish their agenda.
March 14th, 2009 at 1:46 pm
More like, “45% of World’s Wealth Found to be Imaginary”
schauberger Reply:
March 14th, 2009 at 8:26 pm
Funny, but, when there’s so much empty land, so much alternative technology, so many people doing nothing.. we could all probably be a lot richer.
I read an interesting article, I think by oscar wilde, talking about how nobody wanted the Industrial Age, and that nobody wanted machines, but it was sold to the people because they were told they would have to work less. (gasp!)
March 14th, 2009 at 2:46 pm
ty for alex jones
true wealth is not measured in fiat dollars. The counterfit money they print for the rich and the poor. God Bless this world. We can build small sheds to live in tax free land and have a good farming economy. The problem is The Bible says people are like sheep with out a shepard. The true shepard of the soul is Jesus. If one is lost he picks up and brings home and heaven rejoices when one lost sinner comes home.
John
March 14th, 2009 at 11:01 pm
WTF? This is the internet right? All websites are registered via NETSOL right? aka network solutions. (government owned and controlled) if you think that for one minute that they allow a real free thinker to have a website with this may unique users you are out of your mind. WAKE UP… they allow this because Alex can never be 100% honest. Hell, look at Glenn Beck on FOX.. WTF.. WAKE UP.. We all need to meet in live not internet groups and make plans. REAL HUMAN INTERACTION FACE TO FACE….
March 14th, 2009 at 11:26 pm
well if wealth means money than the money crooks have shot themselfs in the foot and all the rich guys,yes all us poor people are hurting but thats the stuff that we have lived with all of the last 20yrs,and we may be eating less but they have cut their own heads off,for now everyone can see what has been really going on in this nation the rich have seized power and have destroyed us and themselfs, but remember this we are toughfer and stronger and harder than the spoiled bunch that need everything done for them and only the best of everything, i just go outdoors and shoot game or go fishing and go to the garden and get food my hands get dirty but at least it is honestly gotten something the boys and girls uptop have never done, honest work. you cant eat paper money thats a fact and it is worthless now anyway.