Economica Files

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Sjedinjene Socijalističke Američke Države - Dolar, Patriotizam i Socijalizam na Američki Način


Jedan običan, bezvrijedan komad papira drži u šaci cijeli svijet.
Novčanica Federalnih Rezervi se bori sa velikim problemima u cijelom svijetu.

Nitko se više ne sjeća na šta je ličio internet do prije samo mjesec dana?
Svi su zaboravili da je bio preplavljen tekstovima o korupciji, prevari Federalnih Rezervi, bezvrijednoj novčanici Federalnih Rezervi kreiranoj iz ničega?
Svi su pljuvali po Američkom monetarnom sistemu!

Pa gdje su nestali svi ti patrioti?

Da pokušamo odgonetnuti?

Za sada, još nisu završili u Crom Time Banci.

Pa gdje su onda zbilja, svi nestali?

Malte ne, svaki je artikl bio potpisan: "Kupujte zlato kao zaštitu od nadolazećeg kolapsa i inflacijskog pakla"!
U sistemu u kojem živimo, a baš su autori svih tih tekstova najbolje to znali, i cijena zlata je manipulirana.
U stvari, svaki skok cijene zlata ispod desetak hiljada dolara po unci, po meni je neuspjeh.
Ha, ha, ha, cijena zlata nije niti 900 dolara, ha, ha, ha.
Ma nije ovo uopće smiješno, ali je bilo lako za predvidjeti i ovako nešto očekivati od sistema koji kontrolira svaki ugao naših života.

Kako se uvidjelo da je situacija zbilja totalna kriza, i da je zlatna nada propala, tako je i dolar Američkim patriotima postao ponovo dobar.
Kradu im zemlju ispred očiju, navaljuju ogromne nove dugove na već posrnula pleća pod teretom svemirskih zaduženja, baš kao što smo to imali prilike gledati na području bivše Jugoslavije.
Hej Ameriko, dobrodošla među zemlje Trećeg Svijeta!
Iako se ne dešava baš često da super sila koja je na čelu Svjetske Banke i Međunarodnog Monetarnog Fonda, zbog prevare završava u očajničkim molitvama za milost, nigdje niti jednog znaka protesta!?!
Nitko nigdje nije izašao na ulice, nitko nigdje nikoga niti nije pozvao na ulice, ha, ha, ha!?!



Usred financijskog kolapsa, odobrene su nove, rekordne stotine milijardi za ratni budžet nove 2009 godine.
I nitko, baš nitko da došapne ratnom zločincu, Predsjedniku Bushu da bi možda bilo najbolje da nova zemlja koju treba napasti i osvojiti, budu Kajmanska Ostrva.
Pa tamo je završio sav ukradeni novac, to bi bio najbolji potez Američkih patriota i revolucionara u povijesti Sjedinjenih Američkih Država.
Problem je međutim religiozne naravi.
Naime, nema jednog jedinog ustava bilo koje zemlje koja u savezu sa ostalim zemljama čini Sjedinjene Američkie Države, a da se u njemu ne spominje bog.
Kajmansko Otočje je već okupirano.
Ove je otoke već par godina okupirao Vatikan.
Krasti po cijelom svijetu se naravno može, ali ići na Kajmanske Otoke više nije dopušteno.

I tako su Amerikanci u samo par dana, prešli sa kapitalističkog na socijalističko društveno uređenje.
Kao i uvijek do sada, i ovdje su Amerikanci posebni, pa su smislili socijalizam na Američki način.
Nakon nacionalizacija bankarskih giganata u bankrotu, u Ujedinjenim Narodima se već spremaju na promjenu imena SAD u SSAD - Sjedinjene Socijalističke Američke Države.
Za razliku od ostalih socijalizama u svijetu, ovaj je socijalizam za bogataše, društvo sa Wall Streeta.
Profiti se privatiziraju, a gubitci nacionaliziraju.
Osim posljedica, i cijeli je mađioničarski trik plaćen novcem poreznih obveznika, a da ih nitko nije pitao za dozvolu.
Sve su te krađe, manipulacije, bankroti, privatizacije i nacionalizacije plaćene ignorancijom hipnotiziranog i potlačenog, Američkog naroda.
Kako je cifra koju još treba ukrasti ogromna, stara Vlada novih Sjedinjenih Socijalističkih Američkih Država je najavila nove poteze, nova spašavanja, nove monetarne inekcije i nove nacionalizacije.
Ovo je nakon osnivanja komunističkog Sovjetskog Saveza i komunističke Kine, najveći socijalistički događaj u povijesti.
Na ovaj način, sav ostali kapitalistički svijet, a svi smo postali kapitalisti zar ne, može slobodno i bez straha, bez ikakvog rizika investirati u novi dug Sjedinjenih Socijalističkih Američkih Država.
Zarada na kamatama je ipak važnija od vraćanja glavnice.
Uostalom, koga je uopće briga ako i sama zarada na kamatama, zahvaljujući inflaciji u stvari predstavlja gubitak.
Najmanje se o tome brine radno stanovništvo cijele planete, koje je i tako dobrovoljno pristalo na uništavanje plodova i rezultata njihovog znoja i rada.
Cijela je ova priča postala prava pravcata svetinja, u koju se nitko ne usuđuje dirati.

Drugovi Bush, Paulson i Bernanke će ući u povijesne enciklopedije kao trojka boljševika koja je pretvorila SAD u SSAD.



Kako bi se sve uklopilo u podmazani mehanizam koji savršeno funkcionira već stoljećima, neki su dan kapitalistička Kina, a jučer 20. Rujna 2008 i kapitalistička Rusija pozvali na novi svjetski poredak.
Ovaj bi se novi poredak trebao bazirati na novoj ekonomsko - financijskoj situaciji, novoj arhitekturi internacionalnog monetarnog sustava koji nesmije imati svoje temelje izgrađene na štamparskoj presi.
Novi poredak naravno ne bi smio biti izložen stalnim rizicima, izjavio je Putin nakon susreta Rusko - Francuske bilaterale komisije za suradnju.
Francuski prvi ministar, Francois Fillon je pak rekao da će zajednički raditi na tome sljedećih par tjedana.
Nevjerovatno ali istinito, Francuska, kako je to objavio Thierry Meyssan, ima za predsjednika agenta CIA-e.
Sarkozy-ev pak brat, Olivier Sarkozy radi za Carlyle, ozloglašeni investicijski fond bivših predsjednika, u kojemu su skupa i Bush i obitelj Laden.
Nije poznato, ali izgleda da je baš iz ovih razloga, predsjednik jedne od jedine tri zemlje u kojima je proveden narodni referendum za Europski Ustav, i gdje je narod jasno i glasno rekao i odlučio ne, po čemu bi Irska trebala postati veliki prijatelj Francuskog naroda, Nicolas Sarkozy toliko napada tu zemlju čija je odluka u stvari i formalna propast eksperimenta zvanog Europska Unija.
Slučajno ili ne, i Europska centralna banka je kao i Federalne Rezerve privatna institucija koja u Uniji koja je od svog postanka bez najvažnijeg zakona i dokumenta, Ustava.
Slučajno ili ne, umjesto da bankrotom Amerike profitira, Europska Unija se nalazi možda i u dubljoj i većoj krizi od same Amerike.

Po procjenama Europske centralne banke, na računu je ostalo 1000 eura po stanovniku.
Zbog frakcijske rezerve odnosno frakcijskog bankarstva, kalkulirajući srednju vrijednost likvidnih depozita u bankama, svaki klijent koji podigne svoj novac iz banke, ostavit će ostalih 50 klijenata bez pet para.
Kada ovome pridodamo srednju vrijednost javnog i privatnog duga po glavi stanovnika Europske Unije, ...
Hej Europo, dobrodošla među Zemlje Trećeg Svijeta!
Tvoj dolazak među zemlje trećeg svijeta će trajati malo duže, i neće biti tako bezbolan.
Za početak, vjerovatno će tvoje ulice ličiti na one biciklističke piste Kine i Albanije, a periferije na onaj otpad automobila iz filma Mad Max.
No to je samo onaj dobar, manje lošiji dio cijele priče...

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Kada se ništa ne događa u Zimbabveu, onda je to stvar Zimbabvea.
Kada se ništa posebno ne događa u Poljskoj, onda je to Poljski problem.

Kada se nešto posebno dešava u zemlji čija privatna centralna banka izdaje papir koji cijelom svijetu služi za devizne rezerve i kupnju nafte, onda je to problem ljudske populacije i tiče se svakog živog stvorenja na ovoj planeti.

S obzirom da bez milijardi i milijardi posuđenih novaca iz inostranstva za svaki pojedinačni dan u godini, Amerika ne može preživjeti, domaći mediji izgleda da imaju pravo: ništa se posebno ne dešava osim najveće pljačke u povijesti čovječanstva!

Znate li da infrastrukture imaju potrebu za održavanjem? Procjenjuje se da treba između 1.5 i 3 triliona dolara za to.
Iz Američkog Ministarestva Odbrane je nestalo 3.3 triliona dolara, nestalo, nema ih, isparili kao da se radi o kovanici od jedne kune, a ne o planini novca.
Amerika ima i jedan problem koji vam nisu spomenuli.
Osim ogromnog stvaranja novog novca bez ikakve podloge, odnosno iz ničega, a koje samo po sebi izaziva veliku inflaciju, te pošto je dolar svjetska valuta - jedini Američki izvozni proizvod za cijeli svijet postaje infalcija, sve se više ljudi obraća državi za pomoć.
Da, da, dobro ste čuli, Amerika nije više ona sa televizije, što u stvarnosti nikada nije ni bila.
Kako je sve većem broju ljudi potrebna državna pomoć, tako će i država morati posuđivati sve veće količine novca, i evo inflacije do neba na svjetskom nivou.
Pa zašto je svim našim vladama preče pomaganje stranim privatnim bankama od domaćih građana koji se također nalaze u velikoj krizi?
Čovjek se normalno zapita pred prevarom ovolikih razmjera, da li uopće ima smisla nastaviti isplaćivati svoje lažne kredite?

Neoficijalno oficijalni dug Sjedinjenih Američkih Država iznosi oko 100 triliona dolara.
Onaj pak oficijalno neoficijalni dug iznosi 9.7 triliona dolara.
Komunističkim potezom šah-mat, oficijalno neoficijalni dug bi se u trenutku popeo na $11,315,000,000,000, odnosno 11.3 triliona dolara.



Ako ste porezni obveznik, sada ste htjeli to ili ne, postali i investitor u bankarsku, kreditnu i industriju osiguranja.
Ali niste u posjedu onog dobrog biznisa, u posjedu ste one najgore opcije: "Junk (smeće)" bondova.
Drugovi su organizirali najveće spašavanje privatne industrije u povijesti, koje nije niti izbliza pri kraju.
Umjesto da vaš novac ulože u profitabilan biznis, uložili su ga u firme u bankrotu.

I usred ove famozne orgije kojoj one iz starog Rima nisu ni do koljena, svi su zaboravili na Zemlje Trećeg Svijeta.
Iako se radi o relativno malim svotama kredita koje su za njih ogromne, i koje su, sada se ispostavilo u stvari lažne, nikome niti ne pada na pamet spomenuti nekakvo zaboravljanje i u njihovom slučaju.

Ha, ha, ha, i uz sve to, Amerika i dalje ima najveći mogući, najsigurniji kreditni rejting "AAA".

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The Biggest Robbery Attempt in History

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The Biggest Robbery Attempt in History

Paulson: Foreign banks can use U.S. rescue plan

Reuters, Sun Sep 21, 2008

WASHINGTON (Reuters) - Treasury Secretary Henry Paulson said Sunday that foreign banks will be able to unload bad financial assets under a $700 billion U.S. proposal aimed at restoring order during a devastating financial crisis.

"Yes, and they should. Because ... if a financial institution has business operations in the United States, hires people in the United States, if they are clogged with illiquid assets, they have the same impact on the American people as any other institution," Paulson said on ABC television's "This Week with George Stephanopolous."

Paulson was appearing on the Sunday television talk show circuit to provide details about the U.S. government plan for a sweeping bailout to mop up hundreds of billions of dollars in toxic mortgage debt.

The moves capped a week in which financial markets faced their most serious confluence of crises since the Great Depression in the 1930s and threatened national economies and the worldwide banking system.

Paulson defended the rescue package as painful and costly, but necessary to stabilize a financial system that has all but ground to a halt.

"The situation we had, where the markets are frozen and lending may not be available, is one that won't be good for the American people," he said.

"The fact that the taxpayer is in this position is painful to me."

Paulson acknowledged that an emergency rescue plan aimed at stabilizing a financial system in freefall will cost taxpayers money, but argued that costs will not be as high the $700 billion limit of the package.

"The taxpayer is at risk," he said on "Fox News Sunday" television program, but added, "It would be extraordinary circumstances, highly unlikely, that the cost will be anything like the amount you spend for the assets."

Paulson said the U.S. government is pressuring financial authorities in other countries to adopt similar financial stabilization plans.

"We have a global financial system and we are talking very aggressively with other countries around the world, and encouraging them to do similar things, and I believe a number of them will," he said.

Paulson said the sudden crisis was stunning but he expressed hope in U.S. economic resilience.

"I wouldn't bet against the long-term fundamentals of this country," he said on NBC's "Meet the Press." "But this is a humbling experience to see so much fragility in our capital markets, and ask how did we ever get here."

"I'm confident Congress will move and move quickly," Paulson he added.
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Crom Alternative Currency System
Crom Alternative News

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Najveća Pljačka u Povijesti

Nedjelja, 21.09.2008

U izmjeni originalnog zahtjeva upućenog Capitol Hill-u, strane banke koji imaju veliki promet povezan sa Sjedinjenim Socijalističkim Američkim Državama, moći će zatražiti uvrštenje na listu prisutnih u najvećem socijalističkom događaju u povijesti.
U teoriji, ako se već radi o spašavanju od globalne krize likvidnosti (bankrotu), nema smisla iz njega izostaviti strane banke koje posuđuju novac u Sjedinjenim Socijalističkim Američkim Državama.
Na ovoj listi bi se tako mogli naći Barclays, Credit Suisse, Deutsche Bank, HSBC, Royal Bank of Scotland, UBS i ostalo društvo.

Čini se da je zahtjev nedugo poslije toga postao još fleksibilniji i nejasniji, i da bi se na listi mogla naći i druga imena, po potrebi, a da bi o svemu trebao odlučivati Državni Trezor u dogovoru sa Federalnim Rezervama.

Senator i kandidat Barack Obama, koji podržava koncept spašavanja, izjavio je da što god Kongres odlučio, to mora pomoći gnijezdu.


Sekretar Državnog Trezora Henry Paulson: Strane Banke Se Mogu Korisiti Američkim Planom Za Spašavanje

Strane će se banke moći riješiti svojih problema koristeći Američki plan za spašavanje od 700 milijardi dolara.
Sekretar je opisao i branio ovaj plan kao skup i bolan, ali potreban za stabilizaciju financijskog sistema koji ima sve, osim tla pod nogama.
Trenutna situacija u kojoj se nalazimo najvjerovatnije neće dopustiti nove zajmove, a to nije dobro za Amerikance.
Jako mi je žao poreznih obveznika, izjavio je Paulson.
Paulson je također priznao da će spašavanje privatnih banaka javnim novcem skupo koštati porezne obveznike, ali da to i neće baš biti cijena od 700 milijardi dolara.
Porezni obveznici riskiraju, rekao je za Fox News.
Dodao je da se ovaj plan mora brzo odobriti.

Rekao je i to da Američka Vlada vrši pritiske i na druge zemlje, koje bi trebale napraviti i koristiti se programima sličnim ovom Američkom.
Pošto se radi o globalnom problemu, Paulson se nada da će i ostale zemlje to prihvatiti.

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Paulson's Blow Torch

By Msgt Gunny, 9-21-8

A wider picture of the planned lender's bailout to be decided next week.

Treasury Secy Hank Paulson said the credit markets are "frozen" and "fragile right now." And, he predicts that unless government intervention prevails, the lending practice will only worsen, and likely create a huge recession, if not a depression.

So, he comes up with his blow torch. In an attempt to "melt" these frozen credit markets, so the public can go back out and get new credit, that business can secure loans to keep its operations running smoothly. In short, putting money back into circulation, thus circumventing a recession, or worse. Yet what he really is doing is propping up private lenders, in an effort to keep what he perceives from major banks crashing, including foreign banks with US interests.

Not much is said about the thousands of much smaller banks, and the grubstake they will receive as part of the blow torch plan. Currently there are about 8,200 US banks and credit unions; many experts predict that number will be cut in half in the coming months as the recession deepens (what recession, you say?) and these lenders go awash with other toxic mortgages and bad debt.

But to do all this, it will cost some $700 billion. Or there-abouts. Perhaps up to $1.5 trillion or more, to be self explained further down in this essay.

Paulson's plan is to purchase toxic mortgages and other derivates from the lenders to enable them to offer better lending. The plan would allow the lenders to move from a mostly insolvent position to being solvent once again, with its bad debts now "off the books."

The plan means the government would use these funds to purchase the bad debts at a "deep discount" and then attempt to sell off the debts through a "reverse auction process."

Only, nobody is giving any rationale about how the government will find buyers for these bad mortgages, most of which are foreclosed homes. So then, the government ends up owning millions of homes, which have to be maintained, insured and taxes paid on them.

Do you see the $700 billion now starting to grow?

Add to this mix, the many Wall Street so-called "experts" which will have to be brought into the Treasury to help administer not only the banker bailouts, but to provide the input in an attempt to smooth out the untold wrinkles of the plan. Likely the very same "creatures" who got us into this mess.

So how does the government actually get rid of these homes? Oh, right, get Congress to recognize it now has a new problem, with millions of homes on its hands (likely to be administered through HUD), and needs legislation NOW allowing FHA insured mortgages to be instituted through the lenders which it has now declared solvent.

After-all, did the PLAN really expect that investors would continue to purchase toxic mortgages and other bad debts about to happen soon? Thus, new legislation and the FHA playing a major role. Maybe a few savvy investors would "cherry pick" some desirable foreclosed mortgages, but for the most part, this would be extremely difficult to sort through millions of properties, unless one had an inside-track with government maintainers of these records, even to know where to look. This opens new doors for possible problems, if not outright curry favoring. It's a brotherhood thing, "doncha know"?

Since the government would now purchase the toxic mortgages "on the cheap" it can then resell them to interested home buyers, at a profit, or so it thinks. Of course, any profit would go back into the Treasury, (after expenses) to keep paying for the wars in Iraq and Afghanistan , with newer military equipment.

Remember, these planned funds are to be borrowed against the American public taxpayer's full faith and accountability to be administered through the Internal Revenue Service (IRS) which collects the taxes, and in turn dolls it back to the Federal Reserve for "interest" repayment on the government loan. And, we are all to believe that a new round of tax increases are not on the horizon? Think again!

Except there's one major hitch. The government will not be "bailing out" corporations, such as GM, Ford, Chrysler, and many other major corporate players already about to implode, which will only result in untold thousands upon thousands of unemployed workers. And when other corporations begin to fail, so it goes for reduced consumer spending, or even ability to pay regular monthly bills. Worst yet, who will be able to qualify to purchase a new mortgage, regardless of the methodology Congress will provide through FHA lending practices? And, what effect will that now have on the banks?

What does this plan do to a recently declared solvent lenders? Why, of course, it causes yet more toxic debt! Is there any other outcome that could be expected? Back to the basics, the lenders are now handling toxic foreclosures once again for those who did get new mortgages. And they are running into trouble again, because there is no new mortgages; thus a lender's freeze. (Oh, the blow-torch again?)

Does the picture now widen? Of course it does. In fact, the picture is that it encircles much like a merry-go-round. And this carousel keeps running around in circles until the electrical plug is pulled, and suddenly grinds to a stop.It could happen sooner, rather than later.

Recessionary? You bet it is! Can it cause an economic disaster? One can only imagine the impact that begins by starting this vicious cycle of events.

While all of this is unfolding, nationwide unemployment is already at 7.5%. The number of existing foreclosures is nothing when compared to those already in pre-foreclosure, who soon will go into full foreclosure status. By a staggering 5 to 1 ratio over current foreclosures, and growing daily.

Want Evidence of this?

Some call this the "coming tsunami" that lurks in the shadows. Most have no clue as to the impact setting in the background already in pre-foreclosure status. A perfect example of this coming storm can be found at <http://Realtytrac.com>Realtytrac.com.

At that site, anyone can simply click on any zip code, then click on "maps" and get a startling revelation of just how many pre-foreclosures (blue flags) there are showing street by street, against a backdrop of already foreclosed homes (black flags), and see the ratios awaiting, for themselves.

Take a look at some of the hardest hit areas in California , Nevada , Florida and Michigan , as prime examples of just what is lurking in pre-foreclosures. The numbers are literally staggering. Take a real close look, and see if those blue flags doesn't give you the creepies of what is about to implode.

In case you may wonder just why these pre-foreclosures have not yet been determined to a foreclosed status, is largely due to the fact that the Circuit Courts are literally swamped with legal filings, and most do not even have the staff on hand to accommodate the daily filings, let alone more judges to handle the surge. That's the back log! And everyday the filings increase, as homeowners, unable to make that mortgage payment, walk away from their homes. Tent cities are springing up everywhere in the nation, not just "tent city" in California. Apartment complexes are raising the rent to make a better profit due to the surge in new apartment seekers. People are literally sleeping in cars, trucks, motor homes, travel trailers, by the thousands, anywhere they can. And by bailing out the major bankers, this will solve the problem? Or merely exacerbate it?

Back to Paulson and his blow torch. The question is will his plan work as he "hopes" it will, or will there be a further meltdown that would be unimaginable?

As the government leaders continue wrangling through the details over the weekend, it seems nobody is talking about any economic repercussions that could come from overseas investors, mainly China , among a dozen more. Moreover, little is mentioned anywhere about the American outrage that is going on at this very moment.

After-all, we all have to remember that most of our current debt owed to the FED, now some $9.4 trillion, is being covered by foreign investors, again China holding the lion's share, who, at any point, could change the course of economic events overnight. Already an article coming out of China news media strongly suggests it's country re-examine its financial position with the United States. And its not pretty.

The Treasury is broke, and the borrowing continues. Congress is likely to up the national debt to $11.5 trillion by next week. This unfathomable amount will likely never be repaid, not even in the next three generations.

Start thinking about the coming credit card and auto loan defaults, already on the horizon, and about to burst. And ask yourself, if Paulson's blow torch plan will really work, or if its just a small flicker from a match.
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Crom Alternative Currency System
Crom Alternative News

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Who Will Speak For Us?

Jim Kirwan, 9-21-8

The short answer is "no one" because we have chosen to abstain from speaking for ourselves. As a result; the government no longer fears the people; so the people having chosen not to have a voice, are increasingly used and abused to further the takeover that has now become impossible to escape.

The government is saying among themselves, that this meltdown will encompass credit cards, student loans, all the pension funds, social security and virtually everything else including our non- existent jobs programs-not to mention the fact that we're looking at real job loses this year of over a million people. This is part of their defense for saddling the public with more than $11 TRILLION in debt, without any relief for the public that is expected to pay for this obscene crime.

When Ronald Reagan initiated the idea of "Morning in America" people had forgotten that he came to office from a failed governorship in California and from his stint on "Death Valley Days" both of which had more to do with his policies than anything like his vision of America as that "Shining City on the Hill." What Reagan instituted was "Greed is Good" and 'Americans ought to have whatever they want, no money down, and to hell with tomorrow,' (the core of that un-checked capitalism that created the housing-bubble).

One of the unspoken principle planks in the platform of Capitalism Inc. is that 'Yes there is a free-lunch, and that every citizen is entitled to it"! The second plank in un-regulated Capitalism is that congress and the laws are meaningless. And as the decades have passed what we see now where the congress used to be, is just a privileged compound apart from the public's real concerns, where a bunch of toothless mongrels prowl in luxury among themselves and bark incessantly at the shadows in the world, well beneath their lavish perks.

Now we come to a crisis the like of which the world has never seen before: Because this global event has dwarfed all other previous financial and political events, since those dark days when public records first began to be kept. The stand-in theorhetorically responsible for the Treasury who appeared this morning to be in the middle of a series of heart-attacks, keeps trying to tell the public that "We MUST do this quickly," despite the fact that he has no real numbers as to cost or duration! He has also assured the nation that there should be nothing in this for the taxpayers, those individuals who are expected to pay for these failures.

From Paulson we also learned that both parties plan to remain bi- partisan (no opposition from within the government), regarding this draconian step.

Paulson freely admits that there are many components to this massive failure brought on by several privately-held corporate and offshore interests that have FAILED, yet he sees his measure as the only way out of this global mess.

People might have forgotten that the entire premise for private- enterprise rests upon the risks that the so-called privatized- interests take, which include the right to fail, in order to remain free to profit hugely!

The right to FAIL is part of their sacred circle of rights that no one else can have-that is until they fail-bigtime-because then as now those same private companies then demand a bailout by none other than the public they so vastly screwed in the first place! To cap this all off, now the government is telling the public that we have no choice but to capitulate to these obscene demands-this is governance at the point of a gun, and this demands that we change the government according to the ideas laid out in the Declaration of Independence, which says in part:

"We hold these truths to be self-evident, that all men are created equal; that they are endowed by their Creator with certain inalienable rights; that among these are life, liberty and the pursuit of happiness. That to secure these rights governments are instituted among men, deriving their just powers from the consent of the governed; that, whenever any form of government becomes destructive of these ends, it is the right of the people to alter or abolish it. . ."

This so-called government in Washington no longer represents the people of this land, they only represent the corporations and the global interests of the ancient New World Order that seek to enslave Americans along with everyone else. In this case the idea is to create a fire-sale out of a once thriving economy in order to buy up what's left of this country at bargain prices, before they declare themselves the sole owners of the world. The second amendment was placed in the Constitution in order for the public to have the means to form militias that could take back the nation, if that ever became necessary. Apparently the time has come for the public to begin to give more than idle thought to this crisis that threatens to literally remake the entire structure of this nation and the world.

If the congress cannot put monetary and legal limits on this legislation, and if the congress and the White House are allowed to pass something that does not insure the survival of the general public which they shall have so freely and unconditionally taxed beyond all bounds of sanity: then we must have a revolution in the streets!

The government needs to come again, to fear the public, because they have proven beyond all doubt that they are unfit to lead anyone anywhere, ever again! Their list of on-the-record failures is staggering, and to any sentient being it is "unbelievable" even before they have added this final insult to the pending total collapse! "Capitalism must be checked, and leashed forever, so that these crimes can never-again be repeated in the public's name.

The laws on the books must be enforced, and everyone involved in creating this hijacking must have everything they own confiscated and go to jail at the very least: because to do less would be to encourage these new-old Robber-Barons to continue with business as usual.

Please remember: What is at stake is EVERYTHING monetary, all pensions, retirement funds, social security, credit cards, bank loans of any kind, not to mention the total lack of any funds for legitimate business costs or expansions-the jobs don't matter because they're gone already!

Offshore-anything must be heavily taxed or forbidden outright. No person with a hyphenated nationality ought to be allowed to hold any high office in this nation: at the very least our representative offices must be reserved for Americans only: and all foreign interest groups must be registered as such including AIPAC; that way whatever they do can be traced back to those who are directing their actions and their influence will at least be on-the- record.

The choice is simple, we must clean house because virtually everything that has been running everything, at the highest levels, is corrupt! If we can't do this, then we shall become the slaves that those on top, have now decided, that we should be! So either we find our long unused voices and our bodies to demand an end to all of this, or we shall set precedent, by caving in to tyranny at the point of those guns that we gave them with our long-held silence about everything they have done; both to us and to the rest of the planet!
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Crom Alternative Currency System
Crom Alternative News

[administrator]

Last major investment banks change status

[administrator]

Almost Armageddon: Markets Were 500 Trades From Meltdown

NY Post
Sunday, Sept 21, 2008

The market was 500 trades away from Armageddon on Thursday, traders inside two large custodial banks tell The Post.

Had the Treasury and Fed not quickly stepped into the fray that morning with a quick $105 billion injection of liquidity, the Dow could have collapsed to the 8,300-level - a 22 percent decline! - while the clang of the opening bell was still echoing around the cavernous exchange floor.

According to traders, who spoke on the condition of anonymity, money market funds were inundated with $500 billion in sell orders prior to the opening. The total money-market capitalization was roughly $4 trillion that morning.

The panicked selling was directly linked to the seizing up of the credit markets - including a $52 billion constriction in commercial paper - and the rumors of additional money market funds "breaking the buck," or dropping below $1 net asset value.

The Fed's dramatic $105 billion liquidity injection on Thursday (pre-market) was just enough to keep key institutional accounts from following through on the sell orders and starting a stampede of cash that could have brought large tracts of the US economy to a halt.

While many depositors treat money market accounts as fancy savings accounts, they are different. Banks buy a variety of short-term debt, including commercial paper, with the assets. It is an important distinction because banks use the $1.7 trillion commercial-paper market to fund their credit card operations and car finance companies use it to move autos.

Without commercial paper, "factories would have to shut down, people would lose their jobs and there would be an effect on the real economy," Paul Schott Stevens, of the Investment Company Institute, told the Wall Street Journal.

Cracks started to show in money market accounts late Tuesday when shares in one fund, the Reserve Primary Fund - which touted itself as super safe - fell below the golden $1 a share level. It had purchased what it thought was safe Lehman bonds, never dreaming they could default - which they did 24 hours earlier when the 158-year-old investment bank filed Chapter 11.

By Wednesday, banks sensed a run on their accounts. They started stockpiling cash in anticipation of withdrawals.

Banks, which usually keep an average of $2 billion in excess reserves earmarked for withdrawals, pumped that up to an astounding $90 billion by Wednesday, Lou Crandall, chief economist at Wrighton ICAP, told The Journal.

And for good reason. By the close of business on Wednesday, $144.5 billion - a record - had been withdrawn. How much money was taken out of money market funds the prior week? Roughly $7.1 billion, according to AMG Data Services.

By Thursday, that level, fed by the incredible volume of sell orders pouring in from institutional investors like pension funds and sovereign funds, had grown to $100 billion. It was still not enough to stem the tidal wave.

The banks knew something drastic had to be done. So did Paulson.

The injection of capital into the market was followed up by calls from Treasury Secretary Hank Paulson to major money market players like Bank of New York Mellon and State Street in Boston informing them that federal money was in the market and they should tell their clients the Feds would be back with a plan to stem the constriction in the credit market.

Paulson knew the $105 billion injection was not a real solution. A broader, more radical answer was needed.

Hours after Paulson made his round of calls to calm the industry, word leaked out that an added $1 trillion bailout of banks was being readied. Investors cheered. At about 3 p.m., news of the plans was filtering up and down Wall Street, fueling a 700-point advance in the Dow Jones industrial average through 4 p.m. Friday.

By that time, Paulson had announced the plan. It included insurance on money market accounts, a move that started in quiet Thursday morning, when the former Goldman Sachs executive saved the country from a paralyzing meltdown.

[administrator]

Ha, ha, ha:
Moody's says U.S. government's 'Aaa' ratings not threatened

Market Watch, Sept. 22, 2008

The U.S. government's Aaa ratings are not threatened by the current highly challenging environment as the United States continues to display a robust level of economic and financial resilience, Moody's said Monday in a special report. "In recent weeks and months, the U.S. public authorities have been pursuing a bold and imaginative approach in their efforts to combat the financial crisis and the slowdown of the economy. In many cases, this has led to an expansion of the public sector balance sheet," said Pierre Cailleteau, managing director of Moody's sovereign risk unit. However, he added that allowing gross public debt to increase poses less of a risk to the rating than a deterioration in economic vitality. Moody's also noted the U.S. Treasury maintains an extremely high access to finance and that the possibility that its crisis management approach will fail to prevent the erosion of potential economic growth is very limited.

[administrator]

The shadow banking system is unravelling

By Nouriel Roubini, September 21 2008, Financial Times

Last week saw the demise of the shadow banking system that has been created over the past 20 years. Because of a greater regulation of banks, most financial intermediation in the past two decades has grown within this shadow system whose members are broker-dealers, hedge funds, private equity groups, structured investment vehicles and conduits, money market funds and non-bank mortgage lenders.

Like banks, most members of this system borrow very short-term and in liquid ways, are more highly leveraged than banks (the exception being money market funds) and lend and invest into more illiquid and long-term instruments. Like banks, they carry the risk that an otherwise solvent but liquid institution may be subject to a self­fulfilling and destructive run on its ­liquid liabilities.

But unlike banks, which are sheltered from the risk of a run – via deposit insurance and central banks’ lender-of-last-resort liquidity – most members of the shadow system did not have access to these firewalls that ­prevent runs.

A generalised run on these shadow banks started when the deleveraging after the asset bubble bust led to uncertainty about which institutions were solvent. The first stage was the collapse of the entire SIVs/conduits system once investors realised the toxicity of its investments and its very short-term funding seized up.

The next step was the run on the big US broker-dealers: first Bear Stearns lost its liquidity in days. The Federal Reserve then extended its lender-of-last-resort support to systemically important broker-dealers. But even this did not prevent a run on the other broker-dealers given concerns about solvency: it was the turn of Lehman Brothers to collapse. Merrill Lynch would have faced the same fate had it not been sold. The pressure moved to Morgan Stanley and Goldman Sachs: both would be well advised to merge – like Merrill – with a large bank that has a stable base of insured deposits.

The third stage was the collapse of other leveraged institutions that were both illiquid and most likely insolvent given their reckless lending: Fannie Mae and Freddie Mac, AIG and more than 300 mortgage lenders.

The fourth stage was panic in the money markets. Funds were competing aggressively for assets and, in order to provide higher returns to attract investors, some of them invested in illiquid instruments. Once these investments went bust, panic ensued among investors, leading to a massive run on such funds. This would have been disastrous; so, in another radical departure, the US extended deposit insurance to the funds.

The next stage will be a run on thousands of highly leveraged hedge funds. After a brief lock-up period, investors in such funds can redeem their investments on a quarterly basis; thus a bank-like run on hedge funds is highly possible. Hundreds of smaller, younger funds that have taken excessive risks with high leverage and are poorly managed may collapse. A massive shake-out of the bloated hedge fund industry is likely in the next two years.

Even private equity firms and their reckless, highly leveraged buy-outs will not be spared. The private equity bubble led to more than $1,000bn of LBOs that should never have occurred. The run on these LBOs is slowed by the existence of “convenant-lite” clauses, which do not include traditional default triggers, and “payment-in-kind toggles”, which allow borrowers to defer cash interest payments and accrue more debt, but these only delay the eventual refinancing crisis and will make uglier the bankruptcy that will follow. Even the largest LBOs, such as GMAC and Chrysler, are now at risk.

We are observing an accelerated run on the shadow banking system that is leading to its unravelling. If lender-of-last-resort support and deposit insurance are extended to more of its members, these institutions will have to be regulated like banks, to avoid moral hazard. Of course this severe financial crisis is also taking its toll on traditional banks: hundreds are insolvent and will have to close.

The real economic side of this financial crisis will be a severe US recession. Financial contagion, the strong euro, falling US imports, the bursting of European housing bubbles, high oil prices and a hawkish European Central Bank will lead to a recession in the eurozone, the UK and most advanced economies.

European financial institutions are at risk of sharp losses because of the toxic US securitised products sold to them; the massive increase in leverage following aggressive risk-taking and domestic securitisation; a severe liquidity crunch exacerbated by a dollar shortage and a credit crunch; the bursting of domestic housing bubbles; household and corporate defaults in the recession; losses hidden by regulatory forbearance; the exposure of Swedish, Austrian and Italian banks to the Baltic states, Iceland and southern Europe where housing and credit bubbles financed in foreign currency are leading to hard landings.

Thus the financial crisis of the century will also envelop European financial institutions.
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Crom Alternative Currency System
Crom Alternative News

[administrator]

Iran president blames Wall Street turmoil on U.S. 'military engagement'

September 23, 2008 , Los Angeles Times


NEW YORK -- Iranian President Mahmoud Ahmadinejad declared today that the turmoil on Wall Street is rooted in part in U.S. military intervention abroad and voiced hope that the next American administration will retreat from what he called President Bush's "logic of force."

He also asserted, in an interview with The Times, that Israel is doomed "like an airplane that has lost its engine" and that Western intelligence documents questioning the peaceful purpose of Iran's nuclear program were crude forgeries.

The U.N. General Assembly opened its fall session today in a state of alarm over a global financial crisis. Secretary-General Ban Ki-moon said he feared a "serious negative impact" on his effort to secure increased pledges this week from rich nations to aid the poorest, which are already reeling from increases in food and energy prices.

Before joining the annual fall debate, Ahmadinejad sounded a provocative note on the topic during a 40-minute interview with Times editors and a reporter in a Midtown Manhattan hotel suite heavily guarded by agents of the Department of Homeland Security.

"Problems do not arise suddenly," he said. "The U.S. government has made a series of mistakes in the past few decades. The imposition on the U.S. economy of the years of heavy military engagement and involvement around the world . . . the war in Iraq, for example. These are heavy costs imposed on the U.S. economy.

"The world economy can no longer tolerate the budgetary deficit and the financial pressures occurring from markets here in the United States, and by the U.S. government," he added.

Several blocks away, across from the U.N. headquarters, 3,000 demonstrators mobilized by a coalition of mostly Jewish groups protested against Ahmadinejad's threats toward Israel and Iran's human rights record.

And in Vienna, the U.N. arms control chief, Mohamed ElBaradei, accused Iran of blocking his efforts to clarify its involvement in experiments and studies consistent with developing a clandestine nuclear weapons program.

Suspicion that Iran is pursuing such weapons took center stage at last fall's General Assembly debate and put Ahmadinejad on the spot. This year, with a divided U.N. Security Council reluctant to tighten sanctions against Iran, he appeared relaxed and confident.

"We do not believe that the U.S. policy perspective, looking at the rest of the world as a field of confrontation, will give good results," he said.

The Iranian leader wore a gray windbreaker over a light brown shirt and a Pierre Cardin belt in his gray plaid slacks. He smiled almost incessantly, even when talking about his nemesis, Bush, whose policies, he said, "have harmed people all around the world."

He declined to say whether he preferred to confront a Republican administration led by John McCain, who opposes negotiating with Iran, or a Democratic one headed by Barack Obama. Obama says he would talk to Ahmadinejad's government under certain conditions.

Nor did he, despite prodding in the interview, suggest a fresh approach by Iran to Bush's successor.

"Any [U.S.] government that comes to power must change previous policy approaches," he said, adding that he was ready to speak with either of the candidates while he's in New York this week. "We're interested in having friendly relations."
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Crom Alternative Currency System
Crom Alternative News

[administrator]

US Treasuries: Will foreign investors remain buyers?

[administrator]