 |
 |
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
|
|||
 |
|||
|
|||
 |
|||
|
Financial Bailout Plan Keeps Zombie Banks Alive
- Text size
On Friday, we had the latest edition of the FDIC “Friday Night Financial Follies” as regulators on Friday shut down Bank of Lincolnwood, a small bank in Illinois, marking the 37th failure this year of a federally insured bank. More are expected to succumb amid the pressures of the weak economy and mounting loan defaults.
|
|
 |
|
| Get rid of the Federal Reserve, which is directly responsible for this mess and erect tariffs on goods and services. | |
The Federal Deposit Insurance Corp. was appointed receiver of the failed bank, based in Lincolnwood, Ill., which had about $214 million in assets and $202 million in deposits as of May 26.
All of Bank of Lincolnwood’s deposits will be assumed by Republic Bank of Chicago, based in Oak Brook, Ill., which also agreed to buy about $162 million of the bank’s assets; the FDIC will retain the rest for eventual sale. Bank of Lincolnwood’s two offices will reopen on Saturday as branches of Republic Bank of Chicago.
The FDIC estimates that the cost to the deposit insurance fund from the failure of Bank of Lincolnwood will be $83 million.
In a step that would substantially increase the price tag for Bernard L. Madoff’s long-running Ponzi scheme, lawyers for a group of his victims are asking a federal bankruptcy judge to reject the way their losses in the fraud are being calculated.
The customers insist that, by law, they should be given credit for the full value of the securities shown on the last account statements they received before Madoff’s arrest in mid-December, even though the statements were bogus and none of the trades were ever made. According to court filings, those account balances add up to more than $64 billion.
After months of private negotiations and Internet arguments, lawyers for these customers formally put the issue before the federal bankruptcy court in New York in a lawsuit filed late Friday evening, less than a month before the deadline for filing claims for compensation.
The approach they seek would produce a significantly higher tally of cash losses than the formula being used by the court-appointed trustee overseeing the claims process for the Securities Investor Protection Corp., a government-chartered agency financed by the brokerage industry.
The trustee, Irving H. Picard, is calculating investor losses as the difference between the total amount a customer paid into the scheme and the total amount withdrawn before it collapsed.
Customers who qualify are eligible for up to $500,000 in immediate compensation from SIPC. Those whose eligible losses exceed that amount would divide up the assets recovered by the trustee.
Credit card holders who might have used tax refunds to pay down balances apparently spent the money elsewhere as the recession deepened in the first quarter.
That’s one conclusion that may be drawn from data showing the delinquency rate for bank-issued credit cards rose 11 percent in the first three months of the year, according to credit reporting agency TransUnion.
The delinquency rate – card holders who are three months past due – jumped to 1.32 percent this year, from 1.19 percent in the first three months of 2008, TransUnion said.
The average total debt on bank cards also rose, jumping to $5,776 from $5,548 last year.
Balances typically rise in the first quarter, as holiday spending comes due, said TransUnion’s Ezra Becker.
The credit card delinquency rate remains well below the 5.22 percent for mortgages in the first quarter, meaning card holders are trying hard to keep their payments current.
It’s too early to tell how changes in credit card regulations will affect payment rates, Becker said.
- The biggest price swings in Treasury bonds this year are undermining Federal Reserve Chairman Ben S. Bernanke’s efforts to cap consumer borrowing rates and pull the economy out of the worst recession in five decades.
The yield on the benchmark 10-year Treasury note rose to 3.90 percent last week as volatility in government bonds hit a six-month high, according to Merrill Lynch & Co.’s MOVE Index of options prices. Thirty-year fixed-rate mortgages jumped to 5.45 percent from as low as 4.85 percent in April, according to Bankrate.com in North Palm Beach, Florida. Costs for homebuyers are now higher than in December.
Government bond yields, consumer rates and price swings are increasing as the Fed fails to say if it will extend the $1.75 trillion policy of buying Treasuries and mortgage bonds through so-called quantitative easing, traders say. The daily range of the 10-year Treasury yield has averaged 12 basis points since March 18, when the plan was announced, up from 8.6 basis points since 2002, according to data compiled by Bloomberg.
The trend of employment in the U.S. strengthened in May for the first time in 16 months, a report said Monday.
The Conference Board said its May employment trends index rose 0.2% to 89.9 from April’s revised level of 89.7 that was originally reported as 89.5. The May index was down 20% from a year ago.
In May, the percentage of firms not able to fill positions right now, the percentage of consumers who think jobs are “hard to get”, real business sales and job openings showed improvement.
The privately owned Federal Reserve has subjected us to a 22-month period of massive excess liquidity. The present increase in liquidity, formerly known as M3, which is no longer published because it’s not cost efficient, or there isn’t sufficient interest in the figures, says the Fed, is growing at about 18%. The major purpose for the US Treasury and the Fed to commit to an increase in spending of $14.8 trillion is to bail out banking, Wall Street and the insurance industry, all of which turned prudent investment into a casino.
The method chosen to deal with a financial crisis caused by unsustainable debt created by excess liquidity is to create more money and credit and channel it to the financial sector to reflate their balance sheets, which are debt infested with toxic CDO and ABS debt. The rich on Wall Street, banking and insurance are deleveraging with the taxpayer taking all the risk, as the public gets very little in return. We are surrounded by financial zombies, which we keep alive after they almost destroyed our financial system.
Major inflation is the result as wages barely rise and the loss of purchasing power is borne mostly by the poor and the lower middle class. Ever since free trade, globalization, offshoring and outsourcing began about 1980 wages have not kept up with inflation. Production gravitated to the low wage third world exacerbated by massive condoned illegal immigration. This was accompanied by cronic overcapacity that made conspicuous consumption relatively inexpensive. That was joined by much easier credit. Twenty-three months ago we saw an implosion as a result of these policies, which is still with us. Without this continuation of debt the system cannot continue to function and the downward spiral feeds on itself. Everyone is looking for a bottom soon. That isn’t going to happen, stimulus or no stimulus. Handing money to citizens isn’t the answer. In this case 90% has gone to reduce debt.
The first step to recovery is to drastically cut government spending and to lower corporate and individual taxes. Get rid of the Federal Reserve, which is directly responsible for this mess and erect tariffs on goods and services. If we can accomplish that the recovery will begin, but it won’t be easy. It will take years to accomplish.
As a result of flawed fiscal and economic policies nations are facing record deficits. Some like England have been put on negative credit watch, which could lead to a downward re-rating. The US, Japan and others are following close behind. In fact down grades could come before the end of the year. Interest rates are already moving higher and have been since the beginning of the year. Downgrades would bring even higher rates.
The Chairman of the Fed, Ben Bernanke, would have us believe along with other, so-called experts, that monetary easing will come in time to head off hyperinflation. Unfortunately that cannot happen. The minute money and credit is withdrawn from the system it will collapse. The underlying deflationary drag is too great and that drag will take years to diminish. How can our Fed Chairman and our Treasury Secretary think for a moment that they’ll just be able to turn the tap off when their current orgy of spending ends? Politicians unfortunately see this, as only they would, as an opportunity to purchase votes by making sure the spending continues. It will be interesting to watch over the next several years, as many nations scramble in the bond markets to raise money to keep their economies going. There is no telling at this point how high interest rates are going to go.
Our President tells us of trillion dollar plus deficits are far as the eye can see. Those deficits assume 3% growth rates in GDP, which is not going to happen and the end of the Bush tax cuts. Deficits will be much larger than the Congressional Budget Office estimates, if due to nothing more than exploding entitlement expenditures. This plan involves the perpetual rolling of $5 trillion in Treasury paper much of which is held by foreigners plus the new debt incurred, plus the interest on the existing debt. Do you really believe foreigners are going to fund such deficits indefinitely? We don’t think so with a falling dollar. The dollar is falling again and interest rates are rising and they both are going to continue to do so, as gold and silver go higher. The minute the Fed began creating money out of thin air to fund Treasury sales, plus buy Treasuries out of the market, plus buy Agency securities and toxic junk to the tune of $2.2 trillion for openers, you had to know the game was over. It’s all-downhill from here. This week 30-year fixed rate mortgages could hit 5-3/4%.
- A d v e r t i s e m e n t
Mr. Obama speaks of the importance of living within our means and not spending money we do not have on things we do not need. Obviously the president hasn’t been told we are in a depression. The less the public spends the deeper the depression gets.
That said Mr. Obama engages in profligate federal spending to deaden the pain and essentially to prolong the financial and economic agony.
Then comes the creative destruction with government deciding who should survive and who should fail by edict. Some call it crony capitalism and favoritism, we call it taking care of fellow Illuminists.
The way Wall Street tells us we need hands on help from Wall Street and banks, which led to this disaster. The president wants economic advisers who are theoreticians. All paper has to be marked to a real market price to clean out the bad assets. Government should not be giving free loans to hedge-funds and private-equity firms, so they will buy assets they would not normally buy. Due to electronic trading, which has led to major trading off established exchanges, and into the dark pools we do not know who is doing what. A net flow of information so that the investors and transparency is nearly gone. Bank holding companies, which own the Fed, can see in advance what their clients are interested in buying and front run those orders in their own accounts. If they make major mistakes they just get bailout out by the Fed.
There is no transparency. We only find out what went on when somebody slips or in some way something gets exposed. Transparency, oversight and accountability do not exist. Most everything important is done in secret. A good example was six months ago when Bloomberg News attempted to force the Fed to reveal the details on more than $2 trillion in loans that went to banks, including Citigroup and Goldman Sachs. The Fed told the court to take a hike and said it was a state secret. We have no word as well who made the short-dated, out-of-the money bets in March of 2008 that Bear Stearns would fail. Those bids paid off in the millions, or why Lehman was allowed to fail and AIG was saved, etc.
Not one banking or Wall Street executive owned up to what really happened to cause the crisis. They are totally lacking in honesty, integrity and decency. As it now stands we’ll never know the true inside story of what really went on. We have seen no civil or criminal charges against any of these crooks. Not even investigations. Whatever happened to RICO?
Over the past 25 years our financial industry has descended into darkness and corruption and the people who caused it are getting away scott free.
Our Treasury Secretary Geithner’s ill-fated trip to China and our president’s recent journey to Germany was humiliating. Crowds as well as the German government were demanding the return of their gold. The US has been giving platitudes to the Germans when the Germans know their gold has been sold or leased. Leasing is tantamount to selling. This story has not been broken in the mainstream media, but in time it will be and when it is propaganda will not deflect the ultimate outcome.
The president and Larry Summers think they can restore confidence and trust in the economy with lies and propaganda, but they are deluding themselves. The stock, bond and capital markets are dependent on confidence, but they are more dependent upon the deplorable state of the foundation on which our economy rests. In 22 months the Fed and the Treasury have accomplished very little except bailing out their fellow elitists in the financial industry with taxpayer debt. The mantra that the worst is over is simply more lies similar to those we’ve heard over and over again. Thus far the smoke and mirrors and the “Working Group on Financial Markets have managed to create a 35% to 50% bear market correction in the averages. Our president, a professional con man and street hustler promises he will always tell you the truth about the challenges we face. Trust him and you will find yourself somewhere out in left field.
Thus far all we have seen is a papering over of the financial system. Our Treasury and Fed offer the Term Asset-Backed Securities Loan Facility, the Public Private Investment Program, the phony stress test and TARP. The commitment to domestic and foreign financial entities is already at $14.8 trillion. There is no discussion of building a new better system that rewards prudent risks, allocates capital where it is really needed, not in the hands of banking and Wall street. It would as well be a great idea if the SEC and the CFTC started protecting the investors and stop collaborating with Wall Street and Washington to manipulate markets.
When will the rescues of the financial sector end – when it has bankrupted us all? They are the ones who caused all this.
We now have Government Motors at the former General Motors and Chrysler that has been given away to Illuminist Fiat. Is every company, bank and brokerage house in America to be bailed out indefinitely?
-
- Social bookmarks
- Email this article
-
- Print this page
- Share on Twitter
June 12th, 2009 at 2:17 pm
INFOWARRIOR ASSIGNMENT FOR JUNE 12th
Go to your local Craigslist community boards (rant&rave, events, personals etc) and type this as the heading:
“Attention Freedom Lovers: AUDIT THE FED!”
Then, write whatever you like, quote Ron Paul, AJ, write your own and get the word out.
Make sure to add some links to infowars, campaign for liberty, rp blog, international forecaster, etc.
Oh, and add a picture of Bernake with a stamp o his forehead that says Audit The Fed. Make sure he looks ridiculous!
THEY WILL NOT STOP US FROM RESTORING THE REPUBLIC!
bob b Reply:
June 12th, 2009 at 2:29 pm
If you take 6Trillion(what they say we’ve spent this year in “relief”) and split it up for 330million people its over $18,000 each…
Send us 18K and we would have been better off than handing it to the banks.
Pirate Naro Reply:
June 12th, 2009 at 3:16 pm
Better Idea …. As of the 2004 census – There are 4.6 million americans age 65 or older that are still in the work force. The governement should offer each of these people Full Social Security, and $1,000,000.00 to retire immediately. There are only 2 strings attached. You must buy an american car, and purchase a home. The entire cost of this would be 4.6 trillion dollars. But here would be the immediate returns on that money. 4.6 million jobs instantly available. The american car companies would receive 4.6 million orders for new cars (all paid for). The banks would be repaired, as they would recieve a large portion of this money, in homes being purchased, and in deposits. Many of you may not know, but the only reason the banks arent loaning money is that their deposit to loan ration is horrible … a good bank should have an equal number in deposits compared to loans they have given out. I work in the IT department for a small bank and our ratio has a $300,000,000 difference, so until we recieve $300,000,000 in deposits, we cant loan money to the community. I belive this plan would fix the ecopnomy relatively quickly, with about 1.4 trillion less than has been spent this year already. Let me know what you think.
Jack Black Reply:
June 12th, 2009 at 4:41 pm
PIRATE: Of course that’s a great idea. But the point is that our criminal gov’t is giving the money to the banksters instead. That’s the whole problem right there. The gov’t isn’t out to help the common person, it’s on the side of the criminal bankers and wall street. We really don’t have a gov’t right now, just a big mafia type gang running the country.
glennprick Reply:
June 12th, 2009 at 11:00 pm
http://www.youtube.com/watch?v.....annel_page mass media perception police
Chris Reply:
June 13th, 2009 at 1:04 am
The real sad thing is that alot of Americans who haven’t dirctly been effected are living in complete denial of the truth. Its sad to think that they will find out when the beast rears its ugly head when it becomes more and more exposed by the truth movement in the US. I sure hope some of the military are with us.
DVDmaster Reply:
June 13th, 2009 at 7:56 am
I like the idea of taking care of our senior citizens, But aiding the big three. My reason are quite simple. #1 the car companies have already laundered enough money from the federal reserve before they declared bankruptcy, GM 40 billion alone. and the tax payer will be paying for that. #2 the only people who would benefit from the collapse of the big three would be the consumer, once they went bankrupt without the aid of tax payer money, they would have broken up in to 10 smaller car companies, in turn you’d see some much competition between car manufactures that vehicle prices would have dropped dramatically. Is a fullsize truck really worth 40,000- 50,000. No, if you have a new truck or car, you’d soon relize that after 4 years the thing is breaking down left right and center. and with a 60-70 dollar an hour rate to repair it not included parts. it’s outrageous. Now the company knows if they fail again, it’s no big deal. they’ll just run to the gov’t and get more money.
What happends when a good hard working small business owner fails, no bailout, no help from the gov’t. If you do it for one you should do it for all.
CauseChange Reply:
June 13th, 2009 at 5:43 pm
I’m not sure this would work because it would create super high inflation as soon as the money was given. Everything would go up in price as soon as the money hit the bank accounts and I dont think anyone could stop that. It is a good idea though and it certainly beats giving it to the bankers and delaying inflation a year or so.
JonVon Reply:
June 14th, 2009 at 12:22 am
The PIRATE works at a bank and doesn’t understand how fractional reserve banking works? Ummm I smell a stranger in the wood pile or the pirate needs to do some more learning. no offense intending unless you really don’t work at a bank
tuff old man Reply:
June 12th, 2009 at 4:00 pm
I want nothing from this government but it to go away.Its money is our labor an property,the debt they are piling up with be on the backs of generations to come.
JonVon Reply:
June 14th, 2009 at 12:15 am
Nice idea Bobby I would recommend splitting it up between people who are taxpayers and make less than $200,000 which is 134 million people. That would be $44,776. Married couple who pay taxes $89,552. Holy crap now I am really pissed off!!!
FREEDOM BY ROBOTS Reply:
June 12th, 2009 at 3:06 pm
SO IN ESSENCE WE REALLY DO LIVE IN A FREE COUNTRY(CLUB) BUT ARE ALL DUMB AND BLAME THE FED WHICH IS A SYSTEM THAT WE CHOOSE TO USE (IF EVERYTHING IS FREE THEN DONT PAY). WE HAVE TO BLAME OUR-SELFS, SINCE WE CANT TRUST EACH OTHER TO PITCH IN(CREDIT-ABILITY) MOST WORK CAN BE DONE BY A SMALL GROUP WHO WE CAN GIVE THEM BACK TROPHIES FOR HONOR BUT ALL WE NEED IS TO UNDERSTAND TO CHANGE OUR OUTSIDE WORLD MEANS TO CHANGE INTERNALLY, GHANDI IS PEACFULL AND NON-CONTROVERSIAL, THESE BILLS ONLY ESCALATE THE CONTROVERSY NOT REDUCE THEM, WHAT WE REALLY NEED IS A PEACE DECLARATION AND EDUCATION SO THIS HISTORY DOES NOT REPEAT, WHEN THE SHERRIF COMES KNOCKING AT YOUR DOOR OR THE STORE DOSE NOT WANT TO GIVE YOU FOOD YOU BRING & SHOW/EDUCATE THEM THE LAW “HJR 192″ AND SPREAD THE PEACE/KNOWLEDGE WILL SET US TRUELY FREE. PLANTS DONT WANT PAPER THEY WANT WATER & NUTRIENTS AND SO SHOULD WE.
FREEDOM BY ROBOTS Reply:
June 12th, 2009 at 3:18 pm
SINCE THE GOLD STANDARD WAS REMOVED THE HOUSE JOINT RESOLUTION 192 0F 1933 “GOOGLE_IT” IN A NUTSHELL DECLARES ALL DEBTS UN-ENFORCEABLE/PAYABLE WHICH IS WHY OUR MONEY IS FIAT (FAKE). YOU GET A BILL OF SALE AND ENFORCE HJR 192 (BY CARRING A COPY OF IT AND HAVE THE COMPNAY TRING TO ENFORCE THE DEBT LOOK IT UP ON THEIR OWN COMPUTER OR LAWYER. AS WELL AS WE NEED TO BOMBARD THE POLICE WITH THIS INFORMATION, SO THEY ARE NOT TRICKED INTO THINKING WE ARE THE PROBLEM WHEN IT IS THE SYSTEM (HJR 192) TOLD US ALL DEBTS ARE NOT REAL FAIT-FAKE…
fake_ear Reply:
June 12th, 2009 at 4:30 pm
There is no party signatory to any Constitution. sorry to burst any of your bubbles. go to http://marcstevens.net and watch him explain it to you in his video there called Delusions.
Censored31 Reply:
June 14th, 2009 at 10:04 am
STOP VACCINATING YOUR BABIES…SEE THE VIDEO OF DR. MOULDEN WHICH PROVES THAT IT’S DANGEROUS
http://censored31.skynetblogs.be/
June 12th, 2009 at 2:21 pm
So where’s the gold? Not in Fort Knox!!
http://www.youtube.com/watch?v=u03TfQN1pXo
fake_ear Reply:
June 12th, 2009 at 4:34 pm
all the gold that was once in Fort Knox is now in private hands. It got paid out in 1933 when the USA officially went bankrupt and has been bankrupt ever since. Besides this whole idea of a USA is a sham, a fiction, foisted on you by people smarter than you. for more information on the subject go to http://marcstevens.net and watch his video there entitled Delusions. By the way, I’m sure Alex Jones is making some good “money” by doing commercials for a group that represents the IRS and urging you all to use their services to “get right with the IRS. Talk about Delusions.
John Reply:
June 13th, 2009 at 12:26 am
This is coming from the same poser who posted elsewhere on infowars.com then a post later posted in agreement to his original post but forgot to change the name “Fake_ear” to another lame name instead.
Your right about one thing “Fake_Ear” ….
Your fake
June 12th, 2009 at 2:25 pm
the prez is telling americans to “live within their means” This from a man that flies af1 around nyc and jokes about it. I hope the germans call him out publicly, yeah i know the crap will hit the fan, but its time to let this financial debotchery fly. its getting close
Brave New World Reply:
June 13th, 2009 at 4:27 am
The president is good at keeping people calm. So far I haven’t seen any panic over the economy. People are still going out and shopping, going to sports games, partying, etc.
In other news…
…The picture of the Federal Reserve symbol in the article looks like an eagle sitting on a comb.
June 12th, 2009 at 3:04 pm
Ha, ha, ha, You think this going to stop us now? Well think again you undesirable people of the world. Look, we are entrenched in every nook and cranny of the world finacial system and this does not wory us one bit about death to the FED crap. Your chance of putting us on hold was missed many decades ago. Now allow us to move forward and give the world what it needs total control of your miserable lives. Hail to the NWO,Hail to the Fourth Reich.
clepso Reply:
June 12th, 2009 at 3:11 pm
lol you misspelled “wory” lol its spelled worry. lol and hail to the nwo ? hail to the fourth reich lmao. dude you sound like a moron. your to low to be part of the nwo hahaha. and wtf is INC ? that arent a INC. moron. omg your so stupid. /sigh
Brave New World Reply:
June 13th, 2009 at 4:31 am
Come on clepso. If you’re going to insult someone, at least know what you’re talking about.
First..
your = possession of, as in “Your shoes are untied.”
you’re = you are, as in “You are wearing shoes that are untied.”
Second..
INC = Abbreviation Incorporated
Third..
They’re obviously not being serious. Chill out. Please educate yourself.
American Veteran Reply:
June 14th, 2009 at 7:12 am
go blow a hamster needle dick
June 12th, 2009 at 3:27 pm
HERE: Stream and Download ALL the best interviews and rants from the Alex Jones Show Archives:
http://alex-jones-archives.politicsfiles.info/
TODAY:
- Cindy Sheehan:How The Left Used Me To Gain House Seats
- Lew Rockwell:Obama’s Puppet Masters Have Been Busy
- Dr. Walter Williams:The Rule of Law & Economics 101
- Alex Jones Calls Glenn Beck Out!!
Backup your favorite episodes, don’t miss any!
June 12th, 2009 at 3:32 pm
I’m really starting to believe that humanity and money cannot coexist………………………..
this sucks … i’m done of being a slave
Highlanderess Reply:
June 12th, 2009 at 5:06 pm
Here too!
June 12th, 2009 at 4:23 pm
without viagara , lol
June 12th, 2009 at 4:38 pm
Writing in ‘MoneyandMarkets.com’ today, Mike Larson’s “The Law of Unintended Consequences” exclaims “YIKES!”
“…In other words, Helicopter Ben is flying toward the coastline, guns blazing — kind of like Colonel Kilgore in Apocalypse Now. I can almost hear the strains of “Flight of the Valkyries” every time I login to my computer in the morning.
See, the real problem with Bernanke’s approach is this …
You Can Create More Money …
You Just Can’t Channel Where It Goes!
The real problem with all this pump-priming, money printing, or whatever you want to call it is simple: It’s like lava flowing downhill. It steamrolls everything in its path, despite all your best efforts to re-direct it….”
Ben, now known in Wall Street as ‘Helicopter Ben’ is dumping countless dollars all over the place, at effectively zero interest rate, not just easy money, FREE MONEY. and in mind-boggling unprecedented quantities. So where are smart people going to invest this free money dropping from the sky? The value of the dollar is NOT going to go UP! with this activity, it assuredly is going to go DOWN!…so this free money is all being dumped into dollar hedge investments. which naturally rise in value with the unprecedented demand. Wheat futures have recently rocketed 25% and so has just about anything of actual value. The unintended consequence, or in that old phrase ‘Blowback’, will be crazy food prices, crazy gasoline prices etc. in the near future. CAVEAT you have been warned!
June 12th, 2009 at 4:39 pm
Obama and Bush are the two worse presidents in Amerian history.
their treachory and their siding with Wall Street/City of London will never forget them.
nader paul kucinich gravel Reply:
June 12th, 2009 at 4:49 pm
Do the wall street shuffle
Hear the money rustle
Watch the greenbacks tumble
Feel the sterling crumble
gravel kucinich paul nader Reply:
June 12th, 2009 at 5:10 pm
Zombie Zombie
Pump ‘n’ Dump
Brave New World Reply:
June 13th, 2009 at 4:32 am
I kind of placed that with the “Do the Hustle” tune.
June 12th, 2009 at 5:06 pm
Got their hands on the banks and auto. What’s next?
June 12th, 2009 at 5:31 pm
Jesus-is-savior.com
June 12th, 2009 at 6:44 pm
Man !!! Just keepin’ track of all these scams and rationalizations !!! You talkin’ work !!!
June 12th, 2009 at 6:49 pm
The central banks are all run by zombies with implants. We are being played for fools. We must wake up fast and look above, to find the true cause of our current misfortunes. They are coming in force soon.
June 12th, 2009 at 6:53 pm
The central banks are all run by zombies with implants. We are being played for fools. We must all wake up fast and look above, for the true source of our current distress. They are coming in force soon.
galacto Reply:
June 12th, 2009 at 6:54 pm
Help, I’m being mirrored!
samson&delilah Reply:
June 12th, 2009 at 7:00 pm
Dude, you’ve been mirrored!
June 12th, 2009 at 7:17 pm
The NWO’s end game seems obvious. Fake banks, fake money, fake debts (that we still have to pay off), fake laws, fake elections, fake governments. A new slavery is coming to a town near you!
June 12th, 2009 at 7:47 pm
this is happening right now!!! if they are talking about “maybe” doing it in the media means that they are definately doing it.
http://www.bloomberg.com/apps/.....oIPyEdpHUI
June 12th, 2009 at 8:17 pm
I think we should take all the families of the New World Order and take all thier money and let the families live in poverty or hang them one of the two!! DOWN WITH THE NEW WORLD ORDER!!!
Brave New World Reply:
June 13th, 2009 at 4:37 am
Good idea. Too bad the money is all fake. They even know that. Like I said though; it’s always nice to dream.
June 12th, 2009 at 8:19 pm
We expose the Federal Reserve as the criminals they are, we abolish it, arrest the criminals and go world wide to confiscate all their secret bank accounts and ill gotten gains and we patriots restore the Republic!!!! I am a terrorist! Come and get me!
Julian Reply:
June 13th, 2009 at 6:38 am
Launching a world wide campain to confiscate the International Bankers ill gotten gains is a much better idea than launching a world wide campain against goat herders.
June 12th, 2009 at 8:30 pm
I like the picture , but they forgot the begging cup !!!
June 13th, 2009 at 12:17 am
PLEASE INVESTIGATE THE FEMALE ZIOCATHOLIC ALEX JONES! YOU OWE IT TO YOURSELF TO KNOW THE TRUTH!!
Brave New World Reply:
June 13th, 2009 at 4:40 am
http://www.ignatiusinsight.com....._apr06.asp
THE (ZIO??)CATHOLIC ALEX JONES IS OBVIOUSLY A MAN!
Are you lost, ponycat?
Julian Reply:
June 13th, 2009 at 6:37 am
ponycat is a CIA mockingbird shill. On one hand they call Alex Jones an anti semetic racist and he ends up on the Jewish Internet Defence Force list of channels to suspend. On the other hand they call Alex Jones a Jewish Mossad agent, make up your fucking minds you fucking shills!
Sir Baby De Porky Reply:
June 13th, 2009 at 7:14 am
Good shot on the nuggin’ !!!
June 13th, 2009 at 8:28 am
new bumper stickers for 2010 election “Voter Imposed Term Limits”
“Vote for Somone New”
June 13th, 2009 at 8:41 am
“Crowds as well as the German government were demanding the return of their gold. The US has been giving platitudes to the Germans when the Germans know their gold has been sold or leased. Leasing is tantamount to selling.”
Could someone illucidate? I am ignorant of the issue of the United States government possessing and leasing Germany’s gold reserves.
When did the U.S. gov’t come into possession of German reserves?
Why was this acquisition necessary?
Under what perceived authority did the gov’t lease/sell German gold reserves?
Internal Patriot Reply:
June 13th, 2009 at 10:24 am
Great questions that deserve honest answers. I’d take Larry Summers advise and read the REAL american history, which is not being taught in our children’s school systems. If children do not understand the true history and contractual agreements that unknowingly bind them to this system, than they will continue to perpetuate the unhealthy decisions WE ALL continue to make on a daily basis.
WE are the government, not the US Corporation.
Taxpayers are debtors and creditors, meaning they are enTITLED to play both sides of the fence.
To a creditor, debt is money (asset).
To a debtor, debt (bills) is a liability (expenditure).
A Federal Reserve Note is an IOU to the issuing entity that settles the bill, liability or expenditure.
If the Federal Reserve provides you with an IOU to pay for expenditures or bills, would that mean the debt exchange for goods and services is not settled until the issuer of the note (IOU) provides you legal tender to legally settle the exchange at POS? What is considered legal tender according to UCC law (which all commercial entities must answer to)? Who exactly generates the currency during an exchange?
If it wasn’t for your unlimited value and credit line, the US Corporation would not have been able to leverage the abandoned asset pledged by your parents and the state you were born into (origination point). Once you read all contractual agreements between the US Corporation, the Federal Reserve the FDIC and the US Treasury…these infamously feared zombie banks will not appear as the media documents. The media should fear the common commercial man-entity. We appear to be holding more cards than most are aware of. Someone happens to be looking out for all of us. Once the dust SETTLES, the secured-party CREDITORS will be revealed. Mark my words. Once they are finished being investigated, we will all see how shadows are intended to mark the direction of the light, while at the same time revealing what’s creating the shadow.
June 13th, 2009 at 9:50 am
Their game is going to come to an end soon, it is just a matter of time of how long poeple will be apathetic and calm in the face of main stream media and government lies.
People are going to find out just who is behind all this and when they do…..well lets say I think there will be a few grisly deaths
June 13th, 2009 at 9:54 am
Someone should publish a book NWO (NEW WORLD ORDER) for dummies
June 13th, 2009 at 7:09 pm
Zombie bank: “mmmm, real economy, arggghhhh…. mmm valuable assets, arrgghh….”
“On the altar of God, I swear eternal hostility against all forms of tyranny over the mind of man.”–Thomas Jefferson
“Tyranny cannot defeat the power of ideas.” helen keller
http://www.newstheylose.com
June 13th, 2009 at 9:07 pm
Signature is Lew Rockwell blog posting on this:
From the original article:
Two Japanese nationals were detained by Italian financial police last week after trying to enter Switzerland with $134 billion worth of undeclared U.S. bonds, mostly Treasury bonds, an Italian daily said Wednesday. The Japanese consulate general in Milan confirmed that the detention had taken place and said it was trying to confirm with Italian authorities whether the two were indeed Japanese nationals and their identities.
According to the report in il Giornale, two unidentified Japanese in their 50s concealed the bonds, including 249 U.S. Treasury bonds each worth $500 million, in a suitcase with a false bottom that was searched by the Italian authorities June 3 when they were in Chiasso, at the border with Switzerland, about 50 kilometers north of Milan. The daily did not say on what charges they have been detained, but the two may have been detained on suspicion of attempting to take a large amount of securities out of Italy without declaring it because the paper said they had not declared the bonds.
This is very significant news, because, as Michael Barnett writes in an email, one of the following must be true:
1. The Japanese are trying to secretly divest themselves of about 25% of their US debt. (They own about $600B in US debt.)
2. The Japanese are acting as Chinese or North Korean agents in trying to help them divest themselves of US debt in secret.
3. There is an enormous sum of counterfeit US debt out there and these guys are trying to sell some of it.
None of these cases bodes well for the US debt market.
Internal Patriot Reply:
June 14th, 2009 at 9:15 am
Whoops! They forgot the commercial invoice and bill of lading. Commercial paper has a hard asset value. Call the accountant…they can generate them. Something to consider prior to issuing or selling them overseas, regardless of who the delivering agent or company may be.
June 14th, 2009 at 2:40 am
I have a Zombie Video to watch if ya like…
http://www.youtube.com/watch?v.....annel_page
June 14th, 2009 at 4:32 pm
I am trying to post a reference to http://www.maxkeiser.com
but it is not accepted accepted.
Why?
about fake bonds and two japanese
June 14th, 2009 at 4:33 pm
go to the site of max, it is a mayor story