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OpEdNews Op Eds    H3'ed 10/14/08

Just Get This!

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Author 24251
Message Keith Pope

So do you understand?

As proposed by the best brains the world of 'economics' can provide, all our governments are going to allow the banks to have money in one form or another, to rescue them from the results of their stupidity.

And where does that money come from?  Oh, it doesn't exist yet, but it will come from us.

This means that the banks are being given our money, to l end to us and charge us interest for, and for us to be dispossessed of all we have if we do not pay them the interest on the money - our money - that our simpleton governments have let them have.

Do you understand that now?  Well, if you do, are you going to stand for it?

Furthermore, here is the law as it applies to the scam perpetrated by you know who, which has got us into this fine mess in this mad world.  If you are not good at reading legalese, just read the first and last lines

"Whoever knowingly makes any false statement or report, or wilfully overvalues any land, property or security, for the purpose of influencing in any way the action of the Farm Credit Administration, Federal Crop Insurance Corporation or a company the Corporation reinsures, the Secretary of Agriculture acting through the Farmers Home Administration or successor agency, the Rural Development Administration or successor agency, any Farm Credit Bank, production credit association, agricultural credit association, bank for cooperatives, or any division, officer, or employee thereof, or of any regional agricultural credit corporation established pursuant to law, or a Federal land bank, a Federal land bank association, a Federal Reserve bank, a small business investment company, as defined in section 103 of the Small Business Investment Act of 1958 (15U.S.C. 662), or the Small Business Administration in connection with any provision of that Act, a Federal credit union, an insured State-chartered credit union, any institution the accounts of which are insured by the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, any Federal home loan bank, the Federal Housing Finance Board, the Federal Deposit Insurance Corporation, the Resolution Trust Corporation, the Farm Credit System Insurance Corporation, or the National Credit Union Administration Board, a branch or agency of a foreign bank (as such terms are defined in paragraphs (1) and (3) of section 1(b) of the International Banking Act of 197, or an organization operating under section 25 or section 25(a) [1] of the Federal Reserve Act, upon any application, advance, discount, purchase, purchase agreement, repurchase agreement, commitment, or loan, or any change or extension of any of the same, by renewal, deferment of action or otherwise, or the acceptance, release, or substitution of security therefor, shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both."

Alright, Reader?

I will now give you another quote - 
"The diabolical people in and connected to the regime were in for more, a lot more, to steal, and for as long as they could. Hence they concocted a scheme of Monopoly money on the side, called Derivatives. The first order of this so-called derivative market was a 32 times leverage, floated by – you guessed it – Paulson's Goldman Sacks and other crime families. This paper was issued, held, and traded by wall street, hedge, private equity and sovereign (e.g., Chinese, German, Arabs) funds. This would give them $5t x 32 = $160t to float around.
Then they wrote other derivatives, all leveraged, using batches and mix and match of these derivatives.
In one single instance that came to light, S&P, the grate (sic) rating agency was paid $300m in bribes – as in under the table, send it to Camen (sic)Island bribe - to rank one of these packages AAA, because they knew, and S&P knew, and the buyers (e.g., Chinese) knew that they were highly inflated.
The problem was easily fixed – by Insurance Swaps. They were(sic) supposed to be insurance on these packages, so if they came down in value or the seller had inflated the vale (sic), or Defaulted on the payment, this Default insurance would cover it. The biggest insurer was IAG (sic), taken over by the FED for an initial $85b. what did they do? Through bribery and other similar legal acts, they got AAA ratings. So now they could insure something like $50b with an initial capital of $1b; insure $500b with $5b, and so on. So after stealing all those insurance premiums, when the reckoning, i.e., payback time, came, these insurers, like AIG, and numerous hedge funds runs by the five big crime families and smaller ones under their wings, were all penniless. For even a 1% market down-turn would wipe out their entire capital."

Understand, Reader?

Then wouldn't this seem to indicate that, instead of calling his arrogant tune to the financial world and to all of us, Paulson and his co-conspirators ought to be singing a very different song to the fiscal investigative authorities, and be singing from behind bars of iron rather than of gold?

Very clearly, what is at this moment being cobbled together is an entirely unworkable scheme of supporting bank debt with public debt, for which we public and our descendants will have to pay for generations to come.   And this will be to supply the banks with our money for which we will have to work and pay taxes, for the banks to lend to us and charge us interest for, and dispossess us if we can't pay . . . Can you call this even sane? - Yet this is what is being put into practice at this very moment by the highest financial minds at our disposal.  Really!

Meanwhile, the other shoe has yet to fall, this being the derivatives debt, which can be anything between five hundred trillion and a quadrillion, which, to repay, will nicely enslave the rest of us until Kingdom Come.

Clearly this is unsustainable, and is intended to unseat the existing banks and usher in an one-world Unibank under the authority of . . . yes, them again.

The perpetrators of this greatest of all scams?  Well, of course, rubbing their hands in the wings while waiting to take over the ruins of our world, which their deliberate maintenance of low interest and profligate lending has brought about, is the family which has carefully planned and engineered the whole mess.  Do I really have to tell you their names again?

Really, I keep telling you, it is so simple to undo the entire rigmarole, to the satisfaction of everyone except the perverted criminal masterminds.  Does the world really have to turn just to please These Demented Few?  Do you still insist on letting this criminal crew rule the roost?



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Aged beyond belief, with a fund of experience that few could challenge and fewer envy, and with the wealth of information and expertise that goes with it, the author is a lifelong specialist in differentiating reality from unreality. A (more...)

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