February 4, 2010
About to lose your home? Have you lost your home? Can you make the interest payments on your credit cards? Can you afford to maintain your car, your family’s incidental needs, your children’s health, or even buy enough food, gasoline or heating fuel?
|Even junior plutocrat Warren Buffett said America will become a nation of sharecroppers.|
How did such a sad state of affairs come about in our country, once the most affluent in the history of the world?
We have been massively betrayed by our national “leaders.”
And as if that was not bad enough our high level national leaders are appallingly ignorant of the basics in economics and finance, in addition to being traitors to their oaths of office, and to the American people.
Our elected politicians and appointed bureaucrats in Washington have become no more than highly paid, but ugly and atrocious actors, pretending to represent the American people.
But the American people be damned! It’s the International Monetary/Banking Cartel our fraudulent leaders represent.
Giving trillions of dollars to the ultra rich, while increasing taxes on our ever diminishing affluent, then exporting jobs and creating inflation, until all of us are tapped-out, has long been the standard operating procedure in Washington.
Since the inception of the Banking Cartel’s Federal Reserve System, in 1913, our courts, congresses and presidents have come under lock-down to a relatively small, but powerful group of foreign plutocrats; but, former President Bill Clinton worked overtime for this crime syndicate.
With the backing of the stealthy Fed Chairman Alan Greenspan, and a compliant republican controlled congress, Clinton signed on to the North American Free Trade Agreement (NAFTA), and the General Agreement on Trade and Tariffs (GATT), both of which essentially destroyed our ability to be a self-sufficient nation, and caused a tremendous exodus of jobs out of the US.
Ross Perot, forced out of the presidential race of 1996, warned us about the dangers of both GATT and NAFTA, but the International Banking Cartel wanted both Trojan horse “trade” agreements forced on America, in order to eliminate her as a beacon of hope and light in a dark world. In the Cartel’s One World Order there is to be parity amongst all nations – all equally poor.
Among Clinton’s worse crimes against humanity, however, were his repeal of the Glass-Steagall Act, and the passage of the Commodity Futures Modernization Act .
From the time of these sweeping deregulations of the private banking fraternity until 2002, the once illegal practice of packaging and trading in the toxic paper known as derivatives had reached monstrous proportions of about $102 trillion, enough to destroy the real basic economies of the entire world.
But by September of 2008, the once illegal practice of trading in derivatives had reached $530 trillion to 1.5 quadrillion dollars, amounts and figures well beyond human comprehension.
This black hole of derivatives is now about ten to thirty times the gross domestic products of the whole world, meaning it’s about ten to thirty times what is needed to throw all societies of Earth into a neo-feudalism.
Derivatives, sometimes called Asset Backed Securities are nothing more than financial contracts that DERIVE their falsely perceived value from other weak, underlying securities, mortgages, or other financial instruments.
There was so much blatant fraud from brokerage houses and investment bankers, for so long, it was virtually impossible that the financial kingpins, and US government regulators of the financial services industry, not to have known how the world-wide packaging, grading and trading in derivatives would eventually crash national economies.
But even so, Fed Chairman Alan Greenspan, not only gave his stamp of approval to the derivatives scam, he constantly campaigned in congress for legislation that would permit the international and mega-scaled trading of derivatives.
Alan Greenspan, Bill Clinton, and Clinton’s Secretaries of Treasury – Robert Rubin and Lawrence Summers – should all be indicted and held accountable for their crimes against humanity, as their pernicious derivatives have caused so much insidious harm in thousands of obvious and subtle ways.
But instead, Clinton is portrayed by the Cartel’s corporate media as a centrist or New Democrat of Moderation, rather than the criminal Cartel puppet he was and still is.
Greenspan, the more obviously embedded alien agent of the dark, is today treated as a National Treasure, and grand old man of finance.
Robert Edward Rubin went back to Wall Street, from where he came, to further the Banking Cartel’s agenda in America.
After Lawrence Henry Summers committed his crimes in the Clinton administration, he has been appointed by President Obama to be on his White House economic staff.
Greenspan, Rubin, Summers, Clinton, and many others all claim ignorance in causing the greatest financial crises in recorded history.
But to now have Fed Chairman Ben Bernanke and Treasury Secretary Timothy Geithner try to fill up, or combat in any way, this international black hole of funny money, with real debt dollars of bailout and “stimulus” packages, all paid for by tax-paying Americans is not only insane to its extreme, it is criminally on a scale never known to mankind.
And still to this very day, there have been no real regulations from our congress, or our financial regulators, or even serious presidential proposals made to curb the criminal excesses the Banking Cartel’s Wall Street banks or their Federal Reserve System.
Thank you very much Messrs. Clinton, Bush and Obama, you have all allowed the dark financial oligarchs of the world to continue to privatize their unethical, dirty profits; but are socializing their loses, thus starving to death about a billion people, while making peasants of the rest of us in the process.
Even junior plutocrat Warren Buffet said America will become a nation of sharecroppers, one he helped to make.
And according to estimates of the National Law Center on Homeless and Poverty, on any given night, between 700,000 and about two million Americans are without beds on which to sleep.
This controlled demolition of the world’s economy has been purposely confused by the International Monetary/Banking Cartel’s corporate media with their “word play” of avoiding the pejorative term “derivatives,” with their repeated use of various red herrings: Swaps, credit default swaps, futures, mortgage backed securities, hedge funds, options, forward contracts, warrants, or assets are all used to mislead and to confuse the American public, as the word “derivative” is incriminating.
But then again, practically everything our national leaders do is incriminating, as there is a profound difference between what they say, what they do, and what the American people need and want.