Archive for the ‘Banking Cartel’ Category

Goldman Sachs, The Joyce Foundation, Bill Ayers’ brother John, Al Gore….and more…..
A must watch!

George Carlin – It’s a big club and you ain’t in it. the REAL OWNERS of America.

It appears that according to this analyst, they created a clearing house to speculate in stocks. After the launch of this clearing house, stock markets and euro started going down.  Watch the charts in the articles. It appears to be a very complex financial fraud.

The European Central Counter-party (EuroCCP) has created a service offering central counter party clearing of trades in US stocks and US exchange-traded funds (ETFs) to European trading firms.

EuroCCP’s new service gives European trading firms an opportunity to trade US securities on a variety of pan-European platforms during European trading hours and to settle those trades in DTC. By offering a service where US securities settle directly at the US CSD, EuroCCP provides European trading firms with cost-effective post-trade solution.

Its clearing service for US issues allows EuroCCP to extend the efficiency, cost-saving and counterparty risk protection benefits it already provides to clients’ European-listed securities transactions to US stock and US ETF transactions.

Initially, the US securities eligible for clearing through EuroCCP include approximately 100 stock issues and 50 ETFs. EuroCCP expects over time to expand the scope of eligible instruments to further equities, ETFs, and to ADRs.

EuroCCP’s clearing service for eligible US issues is open to any trading venue cleared by EuroCCP that offers trading in the securities. Trading will be against US dollars. The new service increases the number of markets cleared by EuroCCP to 19.

Full Article: MarketSkeptics

It was bound to happen eventually, but the question is: How far will the current SEC charges against GS  go?  We know already that GS is in bed with the congress, the senate, Obama, Bush and what have you. Is this a dog and pony show? It’s seems rather coincidental that this probe happened just when Barack Obama  is ushering in his his “Bank Reform“.

The antics of Goldman Sachs have been getting by on a ‘wink and a nod’ from the regulators and the market for some time. Why? Because they are powerful, and because like Lehman and their off balance sheet frauds, they are almost ALL doing it on Wall Street as part of the franchise. Goldman has just been a pig about it, and probably burned some insiders and powerful investors in their fraudulent Abacus trade.

In this video, Max Keiser speaks the basic truth about GS and the banking system in general. And the host states that his comments are “abrasive”.  Yes sir, the truth usually is.

Part II

Related articles:

Reuters
Bloomberg

Jesse’s Cafe Americain
Mediate

“Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” – John Maynard Keynes, 1919

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” – Ludwig Von Mises, Human Action, a Treatise on Economics, (Fox & Wilkes, 4th rev. ed., 1963)

Spread this video around people.

Former government employees (FDIC, HUD, Treasury, etc.) along with former banking employees, open up their own asset management company or become affiliated with a successful one. The FDIC closes down a “bad” bank with not enough clout to remain open. The FDIC with bankroll from the Treasury, sends the book of real estate to the asset manager at written down levels. The asset manager has to come up with 15% cash, and the rest is financed by the feds at dirt cheap rates. Until the loan is paid off, the feds are 50% partners in the equity of the property going forward, however….they cover most of the potential loss going forward, as well as cover a 1% management fee on the value of the asset.

Now….the asset manager needs to raise cash in order to gobble up these sweetheart deals. How do they do this? By courting money from THE SAME BAKS THAT HAVE BEEN BAILED OUT OF THEIR OWN UNDERWATER PROPERTIES AND ARE NOW SITTING ON HUNDREDS OF BILLIONS OF TAXPAYER HANDOUTS!!!

That’s right……the Goldmans and JP Morgans of the world force the closure of direct competition, have their own losses covered by taxpayer money after they ditch the mortgages they want to, get to carry their own books at whatever level they want to, then go back into the market and scoop up THESE SAME PROPERTIES along with those of freshly deceased banks at a new gutted price.

Not only are they picking these assets up at a reduced level, but they are getting near 0% loans to do it with. Oh…and to top it off, the asset management company will pay them close to 10% in order for the investor to come up with the 15% cash down payment. In return, the asset management gets a fee and they then split the remaining equity on the deal with zero risk to themselves. If a property value is underwater or can’t sell….no big deal because the entire nut is being financed with government free money….but if it is doing well, the management group will pay off the loan in order to get the feds out of their equity position….then go and sell the assets for a profit which they split with their investor who financed the whole thing with bailout money!

“For the first time in its history, Western Civilization is in danger of being destroyed internally by a corrupt, criminal ruling cabal which is centered around the Rockefeller interests, which include elements from the Morgan, Brown, Rothschild, Du Pont, Harriman, Kuhn-Loeb, and other groupings as well. This junta took control of the political, financial, and cultural life of America in the first two decades of the twentieth century.”
The late Professor Carroll Quigley ( Georgetown University )

Lets ask The “Federal Reserve Inspector General” A  few simple questions regarding basic accountability:

Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is, where it’s gone.  Does anyone find this a bit……odd? What exactly does this woman do then? She avoids answering direct questions pretty well.

This article is quite interesting and very lengthy. For the full article please visit:
WorldReports.org

LONG-RANGE SUBVERSION STRATEGY THWARTED BY INTERNATIONAL ACTION
Thursday 7 January 2010

PENDING SMKM/CMKX CASE AGAINST THE S.E.C. WILL BE THE BIGGEST FRAUDULENT FINANCE LAWSUIT IN HISTORY: MASSIVE SCAMMING PLATFORM RUN BY BUSH JR.’S S.E.C.

OPERATION STILLPOINT was finally DEFEATED with the confirmation, application and decisive consequences of the sovereign lenders’ Writ of Execution, followed by imposition of the massive Lien against the US Treasury for $47 trillion which the defrauded parties, the Chinese authorities and the British Monarchical Power, had to execute on or about 6th December 2009.

However, notwithstanding that OPERATION STILLPOINT has been destabilised, degraded, collapsed and is in the process of being dismantled – and the Republic therefore prospectively rescued at the last moment from what was intended by its sworn enemies – certain operatives, including Leon Panetta, Timothy Geithner, Mrs Hillary Clinton, former Vice President Richard B. Cheney and, at the bottom of the pile of snakes, Wanta, have had a problem getting used to the NEW PARADIGM, whereby the subversives engaged in the systematic sabotage of the ongoing US financial restitution operations (in order to ‘rescue’ OPERATION STILLPOINT), have now been placed not only firmly on the defensive, but in a bind from which they cannot extricate themselves (even though their arrogance remains such that they imagine that they can).

OPERATION STILLPOINT, re-invoked in sterile fashion by Wanta in November 2007 to trigger the domino effect, was put together by the traitors George Bush Sr. and Dr Alan Greenspan. When the exposures and the September 2008 ‘lockdown’ stymied the Paulson Treasury, strenuous efforts were made to saddle (intended) President Obama with a team of colleague-snakes who could be relied upon to revive, perpetuate and conclude OPERATION STILLPOINT beyond Stage 2. This team of traitors is now under intense pressure, as indeed are ALL personnel within and beyond the US official structures who have participated in these unending criminal operations, serving the interests of enemy foreign powers, to bring the United States and its people to their knees

CRUCIAL MEASURES TO BACK UP THE $47 TRILLION LIEN ON THE TREASURY
As indicated, patience on the part of the reader is necessary because we first have to address the present situation, which is explosive and historically unprecedented. Specifically:

• INTERPOL’S DIPLOMATIC IMMUNITY AND HABEAS CORPUS:
For the purposes of surmounting this crisis, and FOR NO OTHER PURPOSE, contrary to the ignorant knee-jerk chatter on many websites, President Barack Obama promulgated Executive Order 13524 on 16th December 2009, which amended Executive Order 12425 dated 16th June 1983 (amended by the Executive Order 12971 dated 15th September 1995) so as ‘to extend the appropriate privileges, exemptions, and immunities of the International Criminal Police Organization (INTERPOL)’.

• The effect of President Obama’s Executive Order of 16th December 2009 is to grant INTERPOL full immunity from search and arrest or seizure of all INTERPOL properties including the agency’s own personnel, thereby providing INTERPOL with de facto diplomatic immunity.

This is a truly historic development, because it means that for the purposes of resolving this crisis HABEAS CORPUS IS SUSPENDED. The last time this happened was under President Lincoln.

The US Government has surrendered its authority to an international organisation charged with investigating corruption inside the US Government’s own structures. The United States has not been sovereign since the Lien Holders had to proceed with executing their Lien on or about 6th December 2009, but will of course resume its sovereign status on satisfaction of the Lien.

With Habeas Corpus suspended for the purposes strictly of procuring compliance with the Writ of Enforcement and the huge Lien against the US Treasury and thus the (legitimate) Settlements, the heavily armed status of INTERPOL and other foreign enforcement personnel that are operating under diplomatic cover to bring this crisis to resolution on behalf of the injured parties, the myriad Ponzi victims of the Syndicate’s schemes, the United States, the American people and the Rest of the World, can be more readily appreciated.

• ALL MONEY SABOTEURS = ECONOMIC TERRORISTS
As revealed in our 28th December report, on the basis of information divulged to us on 26th December 2009, the US Department of Justice within the Executive Branch has implemented a fundamental POLICY CHANGE, having determined in December, against the background of the execution of the Lien for $47 trillion against the US Treasury, that:

• ALL individuals and entities within the US jurisdiction that have participated in the stealing, diversion and conversion of funds belonging to others, INCLUDING past and present officials within the US Government and its structures, WILL BE INVESTIGATED AND PROSECUTED FOR ECONOMIC TERRORISM perpetrated against the United States and the American people (and the Rest of the World). Specifically:

• ANYONE, whether officials in, or formerly in Government, whether CEOs of financial institutions or lower-ranking bankers, partners in ‘involved’ US law firms, all intermediaries and intelligence operatives and others who have been engaged in obstructing the Settlements process by ANY MEANS AND AT ANY TIME IN THE PAST, and who have, by their actions, contributed to the DELAY, are being treated forthwith as ECONOMIC TERRORISTS – by the US justice system itself.

• Perpetrating ECONOMIC TERRORISM will be, and is, to be treated as TREASON by virtue of the fact that it entails DECLARING ECONOMIC WARFARE AGAINST THE UNITED STATES OF AMERICA AND ITS PEOPLE, AND AIDING AND ABETTING THE ENEMIES OF THE UNITED STATES.

• The penalty for TREASON IN TIME OF WAR is summary execution.

• This decision PRECISELY REFLECTS what we have been proclaiming in this column for the past three years. We are informed that the US Justice Department has at long last understood what we have been saying, and has been galvanised by the horrendous implications for the $47 trillion Lien on the US Treasury and its decisive ramifications, into adopting the foregoing as RIGID OFFICIAL POLICY from which no deviation will be permitted.

• It follows that the US Attorney General and all the State Attorneys General are obliged to act vigorously on the basis of the POLICY CHANGE, or they themselves can and will be arrested for obstruction of justice by INTERPOL personnel and then extradited to a jurisdiction such as the British jurisdiction for defying obligations imposed on them by International Law.

• It should NOT be assumed that this POLICY CHANGE arises because of a change of heart at the US Department of Justice (resulting for instance from reading our reports). On the contrary:

• This POLICY CHANGE is a direct consequence of the situation arising from the implementation of the Lien and the drastic enforcement measures that are being taken inside the United States by the international cadres and ‘men in suits’ referenced in recent reports. President Obama’s Executive Order Amending Executive Order 12425 dated 16th December and publicised by the Office of the Press Secretary, White House, on 17th December 2009 [see above], to ‘extend the appropriate privileges, exemptions, and immunities to the International Criminal Police Organization (INTERPOL)’ is associated with this POLICY CHANGE at the US Department of Justice.

• Finally, since this is, as reiterated, an official POLICY CHANGE, its full implementation is NOT dependent upon finalisation of the Settlements. This reality should quickly lodge itself inside the brains of the official and financial sector criminal financiers and thieves, who face investigation and prosecution ANYWAY. Obviously, if they persist with their obstruction, thefts and diversionary operations, they will be increasing their chances of being summarily executed for treason.

• EVERYBODY INVOLVED IN DEFRAUDING THE UNITED STATES IS TO BE TARGETED:
Although this fact is confirmed above, it was REITERATED with further emphasis to this service on 3rd January that EVERYBODY, without exception, who has been involved and remains involved in defrauding the United States and the American people is going to be investigated.
See more at: WorldReports.org

Jesse’s Cafe Americain

NY Times

How fitting, to mark the high tide of the will to power of the Anglo-American banking cartel. No better symbol of hubris, of the overreach driven by obdurate insensitivity and sociopathic greed, of the cult of ego and the darker impulses of the human heart, that creates nothing.

Honoring the man as the epitome of 2009, a man whose bank helped to precipitate one of the greatest financial crises, if not crimes, of the century, and used it as a means of profit for their own ends. No matter what damage was caused in the process, what corruption was required to undermine the nation’s well-being, thereby sowing the seeds of their own eventual destruction.

And no better day for it, than on the eve of the commemoration of the renewal of life, of genuine value, of the perennial yearning of the human spirit from within the images and the shadows, a turning away from the stench of corruption and decay, and into the light.

“For what shall it profit a man, if he gains the whole world, but loses himself?

Not even the whole world, but bragging rights, a false bravado, and a bonus.

The man of the year indeed. King of the ash heap, almost universally held in contempt. And in the end, alone. Not even rising to the level of high tragedy, but merely furtive, grasping, manipulative, pathetic. A monument to banality, and the hollowness of Western materialism.

SIR JOSIAH STAMP, (President of the Bank of England in the 1920’s, the second richest man in Britain)

Read full article at : http://scrumpthetexan.blogspot.com/

“Fascism should rightly be called Corporatism as it is a merge of state and corporate power.”~ Benito Mussolini.

Well, I feel so much better.

Just a short viewing of the controlled Corporo-Governmental Media has assured me that “Recovery” is happening now.

I think I’ll just go right out & buy a few stocks.

DO NOT BELIEVE THE LIE

You are being lulled into a state of sleep… a dangerous place where the Nightmares are REAL, the Damage is PERMANENT, and Escape is NO LONGER POSSIBLE.

Administration following Administration has been “infiltrated”… and I put that in quotes because infiltration suggests that it wasn’t intentional…

By Criminal Banksters that are transforming our World into a completely controlled Fascist-Ruled Serf society.

Don’t think so?

Just wait. Do what you can to prepare yourselves. Don’t be caught unaware.

Remember, a HUGE number of Americans lost FORTY PERCENT of their total Net-Worth just one year ago… which means that you still have SIXTY LEFT TO LOSE.

Wake Up
Scrump

The Articles

One French super-bank (who received 11 Billion of U.S. Taxpayer money) is *sort of* telling the truth… *sort of*, because it’s not going to take two years…

Société Générale tells clients how to prepare for potential ‘global collapse’
By Ambrose Evans-Pritchard
Published: 6:12PM GMT 18 Nov 2009

Société Générale has advised clients to be ready for a possible “global economic collapse” over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.

In a report entitled “Worst-case debt scenario”, the bank’s asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems.

Overall debt is still far too high in almost all rich economies as a share of GDP (350pc in the US), whether public or private.

It must be reduced by the hard slog of “deleveraging”, for years.

“As yet, nobody can say with any certainty whether we have in fact escaped the prospect of a global economic collapse,”…
www.telegraph.co.uk

The unemployment numbers are MUCH worse than are being reported… this is “Recovery”?

The worst is yet to come: Unemployed Americans should hunker down for more job losses
BY Nouriel Roubini
Sunday, November 15th 2009, 4:00 AM

Think the worst is over?

Wrong.

Conditions in the U.S. labor markets are awful and worsening.

While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%.
www.nydailynews.com

And the Housing collapse?

It’s not only not getting better… It’s getting worse

Mortgage delinquencies hit another record in 3Q
Nov 17, 6:50 AM (ET)By EILEEN AJ CONNELLY

NEW YORK (AP) – The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows.

For the three months ended Sept. 30, 6.25 percent of U.S. mortgage loans were 60 or more days past due, according to credit reporting agency TransUnion.

That’s up 58 percent from 3.96 percent a year ago.

Being two months behind is considered a first step toward foreclosure, because it’s so hard to catch up with payments at that point…
apnews.myway.com

Things are looking strangely familiar

Post-Lehman Deja Vu As T-Bill Yields Turn Negative
Submitted by Tyler Durden on 11/19/2009 15:22 -0500

The last time Bill yields turned negative (in essence investors paying the Government to hold their money for them) was in the days after the Lehman bankruptcy, when the entire world was about to blow up.

So why did Bill yield for January maturity just turn negative once again? In other words, why are investors suddenly running for the hills? As Dow Jones reports, January and February bills hit a yield of -0.03% earlier.

Some explanations have to do with Bill scarcity, as nobody wants to be exposed to anything beyond 3 months down the curve, let alone 1 year.

However, the fact that bond investors may not be buying into the whole recovery BS (or just realize that there is nobody willing to roll near-dated treasurys into longer-tenor pieces of paper) and are once again running scared and willing to pay Ben Bernanke to hold their money for them should be very, very troubling…
www.zerohedge.com

ScrumpTheTexan Blogspot

It’s staring us right in the face… One World Dictatorial Government… One World Currency… Big, Big, Biblical-Style changes…

Oh? You don’t see it? Look anywhere… they’re not hiding it.

I’m amazed that this topic is still considered “conspiracy theory”… that little mis-direction MUST only work on the illiterate, deaf, and blind… all three conditions happening simultaneously…

Because anyone who can Read, Hear, or See SHOULD be up-to-speed about what’s going on around them… because again, they’re NOT hiding it.

Getting up-to-speed requires more than turning on CNN however…

Here’s just a small sample…
The Articles

HEAT OF THE MOMENT
Thatcher adviser: Copenhagen goal is 1-world government
‘Global warming’ to be used as ‘pretext’ for ‘change’
Posted: October 17, 2009
11:50 pm Eastern
By Jerome R. Corsi
© 2009 WorldNetDaily

A former science adviser to British Prime Minister Margaret Thatcher says the real purpose of the United Nations Climate Change Conference in Copenhagen on Dec. 7-18 is to use global warming hype as a pretext to lay the foundation for a one-world government.

“At [the 2009 United Nations Climate Change Conference in] Copenhagen this December, weeks away, a treaty will be signed,” Lord Christopher Monckton told a Minnesota Free Market Institute audience on Thursday at Bethel University in St. Paul.

“Your president will sign it. Most of the Third World countries will sign it, because they think they’re going to get money out of it.

Most of the left-wing regimes from the European Union will rubber stamp it.
Virtually nobody won’t sign it,” he told the audience of some 700 attendees.
“I read that treaty and what it says is this: that a world government is going to be created.

The word ‘government’ actually appears as the first of three purposes of the new entity…
WorldnetDaily

Read the full article at ScrumpTheTexan Blogspot