A Video I created with a Poem/Music by Gil-Scott Heron "THE REVOLUTION WILL NOT BE TELEVISED" Wall Street and Ron Paul are NOT Televised.
Though the words may seem slanted in one way - the pictures show for ALL People and the words are correct in saying "The Revolution Will Not Be Televised." As it is not televised.
Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts
Wednesday, May 23, 2012
Wednesday, April 11, 2012
Fannie and Freddie Weigh writing down mortgage principals. But "experts" say that is a 'Moral Hazard' for the people.
Fannie and Freddie are considering writing down principals of mortgages of people who are underwater or are behind in their mortgages.
Fannie and Freddie are taxpayer owned at this point, when they were given Billions and Billions in 2008 along with all the other Wall Street banks.
Remember that banks have also been 'forgiven' for Billions and the government and banks have lied about the pay backs of the TARP funds. It was found that the banks were using more "loans" from the taxpayers through the government to pay back the TARP funds.
It seems some "experts" are saying it would be a "Moral Hazard" to allow people to have their mortgage principal lowered.
Portion from link:
Some experts just don't like the unfair, free-lunch aspect of principal write-downs. For them, forgiving principal outright seems to cross a bright line and raise all manner of fairness and moral hazard concerns.
Anthony Sanders, a professor of real estate finance at George Mason University, says this would be a "major shift in economic policy," and thinks there would be unintended consequences.
"Do we really want to go out on the hairy edge, based on a few anecdotal assumptions that this might work?" Sanders says. "I would argue no."
For Sanders, the risks outweigh the benefits.
So lets get this straight..... the Federal Reserve has printed Trillions in dollars and has given banks 'secret' loans of Trillions, which they did not want to reveal that fact for years, until they had to. The banks all this time have been using that money to gamble on derivatives and giving themselves Billions in bonuses and have not really paid back the taxpayers of the U.S....... and it would be a "Moral Hazard" to help the people?
This shows what absolute disdain the banks and the "experts" of the world hold for the people of the world.
This shows they in fact have absolutely NO MORALS!
Speaking of "Morals", Obama yesterday gave 'carte blanche' to the banks and corporations of the U.S. yesterday. Through his "Jobs Act" he is allowing banks and corporations to out right steal and falsify information about their finances.
Matt Tabbi - who is always on top of all the fraud at Rolling Stones magazine has revealed what Obama's "Job Act" is really about.
Obama is giving Wall Street and start up companies the legal right to lie and falsify all financial information to suck people into investing with them. But is that a surprise, since he gave Billions to solar companies that went out of business immediately and no one in the government is asking where the money went.
Portion:
The law also rolls back rules designed to prevent bank analysts from talking up a stock just to win business, a practice that was so pervasive in the tech-boom years as to be almost industry standard.
Even worse, the JOBS Act, incredibly, will allow executives to give "pre-prospectus" presentations to investors using PowerPoint and other tools in which they will not be held liable for misrepresentations. These firms will still be obligated to submit prospectuses before their IPOs, and they'll still be held liable for what's in those. But it'll be up to the investor to check and make sure that the prospectus matches the "pre-presentation."
Will we be hearing about the "Moral Hazards" of corporations and Wall Street being allowed to outright Lie to the investors of stocks? Will we hear "experts" cry out about this legal stealing from people?
Oh, No we wont! It is because the people will be stolen from, not the banks. You only hear out cries from the media broadcasting "experts" when the people are helped. They are silent when banks and corporations are given free rein to lie, steal and cheat.
This is the "Moral Hazard" of our government and how far down the U.S. has come! Those in control are committing "Moral Hazard" against the people in every way. They have enacted laws to take our freedoms away in every form of the Constitution.
I say, let us all take on the "Moral Hazard" of this government and banks/corporations that run it.
Let us all stand up to the "Moral Hazard" of the Bank Fraud that has been happening in Foreclosures!
They don't want to write down any principals! Fine - Let's Take them to Court! Let's make them show they have a right to Foreclose on properties! They have committed Fraud through their loans, yet I have not heard an out cry of "Moral Hazard" from experts regarding throwing people out on the street through fraud! Gosh why not? In fact what I have seen is the Attorney Generals of the States, who are suppose to be the leading person making sure all laws are adhered to in each state.... give the banks a free pass with their fraud.
I am going to be concentrating as much as possible on the MERS Foreclosure Fraud once more. It seems banks have plans to start massive foreclosure proceedings against people, due to the AG agreement now.
They want people to think they can not stand up to the Fraud of banks individually, but that is not true. In fact everyone can stand up to the banks and their own individual mortgage Fraud!
Yesterday, I published an article from Jesse of USMortgageAuditors.com about MERS and how it began.
He is intent on helping people reveal the fraud in their loans.
Today 4/11/12 - Jesse is conducting a Webinar at 1 Pm est. for those who want to find out more about the FRAUD in mortgages. The link is here to register:
https://www4.gotomeeting.com/register/559767031
Let's all show who has committed the real "Moral Hazard" here in the U.S. and it certainly is not the people who have had Fraud committed against them by the banks, government and corporations of the U.S.
Thursday, October 14, 2010
Oh my - Here comes the Investors and Pension Funds - NOT Happy! Invested in Fraudulent Mortgages From those BIG Wall Street Banks?! Underwriting FRAUD Also! Can We all Say "Attorneys are going to have a Field Day" with Wall Street!
This is going to be a Rabbit Hole that Does NOT End! The amount of Class Actions coming from all of this... Well... It sure will be interesting.
I have to Say..................... I WONDER..... HOW MANY LARGE CLASS ACTION FIRMS ARE KICKING THEMSELVES NOW? BECAUSE WHEN I WAS CALLING THEM ALL LAST YEAR AND THE BEGINNING OF THIS YEAR - NONE OF THEM WERE INTERESTED IN TAKING ON MERS!
Well, back to Now! Seems Pension managers and Investors are None too Happy with Wall Street and the Fraud they have sold them in Trillions of Dollars!
I am sure many Class Action Firms are looking that this and are savoring the amount of litigation that will be coming from this MESS Wall Street has Created, All based on FRAUD!
Portion:
Here is a video about the Underwriting FRAUD PURPOSELY DONE BY THE WALL STREET BANKS AND SOLD TO PENSIONS AND INVESTORS!
Latest complete updates and past information - Everything About MERS and the Foreclosure Fraud - How to Fight a Foreclosure - At this Link!
I have to Say..................... I WONDER..... HOW MANY LARGE CLASS ACTION FIRMS ARE KICKING THEMSELVES NOW? BECAUSE WHEN I WAS CALLING THEM ALL LAST YEAR AND THE BEGINNING OF THIS YEAR - NONE OF THEM WERE INTERESTED IN TAKING ON MERS!
Imagine, if they would have LISTENED TO Me and Others! They would be the FIRST in the door, right now and have the paperwork together!
Well, back to Now! Seems Pension managers and Investors are None too Happy with Wall Street and the Fraud they have sold them in Trillions of Dollars!
I am sure many Class Action Firms are looking that this and are savoring the amount of litigation that will be coming from this MESS Wall Street has Created, All based on FRAUD!
Portion:
Pension funds and other investors who have suffered losses on mortgage-backed securities could have a "strong legal basis" to call into question the very securitized mortgages they purchased stakes in, increasing the pressure facing large Wall Street firms that packaged these securities during the housing boom, a prominent mortgage bond analyst said Thursday.
Wall Street firms have packaged and sold trillions of dollars in mortgage-linked securities this decade. But in their rush to push paper through various levels, from the firm giving homeowners a mortgage ultimately to the investor, shortcuts were likely taken due to the large volume at play. More than $4.4 trillion in mortgages not guaranteed by the federal government were bundled into securities and sold to investors from 2003 through 2007, according to Inside Mortgage Finance, a leading trade publication and data provider.
Here is a video about the Underwriting FRAUD PURPOSELY DONE BY THE WALL STREET BANKS AND SOLD TO PENSIONS AND INVESTORS!
Latest complete updates and past information - Everything About MERS and the Foreclosure Fraud - How to Fight a Foreclosure - At this Link!
Wednesday, November 18, 2009
One of Those DUH Articles - DUH "They Got Trillions from the Govt., they should show Record Profits"
One of Those DUH Articles - DUH "They Got Trillions from the Govt., they should show Record Profits"
http://www.huffingtonpost.com/2009/11/18/wall-street-profits-on-pa_n_361811.html
OH, Wall Street is Back - Awesome making record profits once again! Jeez all those trillions worked!
Uh, Stop right there! They are showing all those Record Profits because it is the Trillions given to them from the Govt.!! Not because things are "Good" once more!
What absolute BullS*%@ is written sometimes.
Will people look at this article in the way I do or will they look at it in the way of "Great, things are coming up Champagne and Truffles" once again?
link:
Uh, Stop right there! They are showing all those Record Profits because it is the Trillions given to them from the Govt.!! Not because things are "Good" once more!
What absolute BullS*%@ is written sometimes.
Will people look at this article in the way I do or will they look at it in the way of "Great, things are coming up Champagne and Truffles" once again?
link:
Saturday, October 24, 2009
News and thoughts on the Coming Dollar CRASH and Down Fall of the U.S.
There was an article out yesterday
http://timesofindia.indiatimes.com/world/china/China-to-use-ASEAN-meet-to-make-Yuan-an-international-currency/articleshow/5153779.cms
Saying China will use the ASEAN meeting to make the Yuan an International Currency.
The meeting is happening Right Now in Thailand
http://www.radioaustralianews.net.au/stories/200910/2721941.htm?desktop
From another article:
http://www.reuters.com/article/businessNews/idUSTRE59M5K720091023?feedType=RSS&feedName=businessNews
So what if they come out of the meeting and say the renminbi/yuan is no longer tied to the dollar? We will hear a HUGE Crash of the dollar that day! The timing can be spot on of when it starts, from clif's warning!
This could be it - they decide to untie from the dollar and let their currency rise - the dollar would IMPLODE immediately!
The general public would not understand the implications immediately - but they would grasp it as the days went by and the media explained it.
Also, out is Lazard Asset Management Fund - over 100 billion dollar fund management company is getting out of the dollar.
http://www.istockanalyst.com/article/viewarticle/articleid/3575322
I would like to remind you - this is the same company that the CEO just died last week - Bruce Wasserstein. He had an irregular heartbeat. hhhmmmm...... really now? Wonder if there are medications that can make that happen, especially if word gets out a dollar dump is about to happen and people try to make it Not happen? Yep, that is a conspiracy theory. BUT - you have to understand, I have been following the deaths of Many financial people in the last couple of months.
For some reason, being at the executive level of the finance business over the last couple of months have been very detrimental to people's lives. There have been many accidents, suicides and heart problems all of a sudden.
Back to the original posting premise -
The media may be covering their butts with the public, as they have been mentioning the weak dollar to the public. They know if something happens, they would have had to say something beforehand, so the public understands "something" was coming down the line.
Also remember - very important clue with this all - is that State Dept. report of all Embassies needing to have local currencies by Sept. 30th for a years times of money.
What I don't understand is.... The govt. KNEW a few months ago the dollar was going to crash, why the Hell didn't they try and do something about it, instead of continuing what they were doing to cause it?
Is it because - it was all too far gone? They needed to put on a Good face to the public, while they were running up the stock market and getting out of it, yet the public was getting into it more and believing them? They have covered themselves up to this point and know they can't cover anymore and they knew in advance Oct. would be it for covering and then game up?
Everyone does realize that when the events unfold, we will have millions of people whose retirements were blown up by Wall Street and the govt? They blew it up and had people put more money in the market - even though they have known it was all going to fail!! They did this as they were giving billions away of our money as bonuses to make sure Wall Street people's pockets were filled before the Crash Happens!
That is not the govt. protecting the people that is the govt. and Wall Street purposely condemning the people, along with the media being culprits to the crime!
99% of the people in the U.S. are about to lose their wealth, and go nuts without survival means - To say How I feel about that.... well... there are not enough curse words in the language for what I think!
The Warning from the Webbot about the crash coming this week has been updated to the fact "something" will happen around the 5 am hour on the 26th. What 5 am time zone, that is not clear, but lets just say it is EST.
I can tell you one place I will be in 2 mornings - on my computer looking intensely for headlines and information around the world. I will be starting with the Asian news sources.
http://timesofindia.indiatimes.com/world/china/China-to-use-ASEAN-meet-to-make-Yuan-an-international-currency/articleshow/5153779.cms
Saying China will use the ASEAN meeting to make the Yuan an International Currency.
The meeting is happening Right Now in Thailand
http://www.radioaustralianews.net.au/stories/200910/2721941.htm?desktop
From another article:
http://www.reuters.com/article/businessNews/idUSTRE59M5K720091023?feedType=RSS&feedName=businessNews
quote:
Soros also said he believed the decline of the U.S. dollar would be limited by its tie to the Chinese currency. "As long as the renminbi is tied to the dollar, I don't see how the decline in the dollar can go too far," he said.
So what if they come out of the meeting and say the renminbi/yuan is no longer tied to the dollar? We will hear a HUGE Crash of the dollar that day! The timing can be spot on of when it starts, from clif's warning!
This could be it - they decide to untie from the dollar and let their currency rise - the dollar would IMPLODE immediately!
The general public would not understand the implications immediately - but they would grasp it as the days went by and the media explained it.
Also, out is Lazard Asset Management Fund - over 100 billion dollar fund management company is getting out of the dollar.
http://www.istockanalyst.com/article/viewarticle/articleid/3575322
I would like to remind you - this is the same company that the CEO just died last week - Bruce Wasserstein. He had an irregular heartbeat. hhhmmmm...... really now? Wonder if there are medications that can make that happen, especially if word gets out a dollar dump is about to happen and people try to make it Not happen? Yep, that is a conspiracy theory. BUT - you have to understand, I have been following the deaths of Many financial people in the last couple of months.
For some reason, being at the executive level of the finance business over the last couple of months have been very detrimental to people's lives. There have been many accidents, suicides and heart problems all of a sudden.
Back to the original posting premise -
The media may be covering their butts with the public, as they have been mentioning the weak dollar to the public. They know if something happens, they would have had to say something beforehand, so the public understands "something" was coming down the line.
Also remember - very important clue with this all - is that State Dept. report of all Embassies needing to have local currencies by Sept. 30th for a years times of money.
What I don't understand is.... The govt. KNEW a few months ago the dollar was going to crash, why the Hell didn't they try and do something about it, instead of continuing what they were doing to cause it?
Is it because - it was all too far gone? They needed to put on a Good face to the public, while they were running up the stock market and getting out of it, yet the public was getting into it more and believing them? They have covered themselves up to this point and know they can't cover anymore and they knew in advance Oct. would be it for covering and then game up?
Everyone does realize that when the events unfold, we will have millions of people whose retirements were blown up by Wall Street and the govt? They blew it up and had people put more money in the market - even though they have known it was all going to fail!! They did this as they were giving billions away of our money as bonuses to make sure Wall Street people's pockets were filled before the Crash Happens!
That is not the govt. protecting the people that is the govt. and Wall Street purposely condemning the people, along with the media being culprits to the crime!
99% of the people in the U.S. are about to lose their wealth, and go nuts without survival means - To say How I feel about that.... well... there are not enough curse words in the language for what I think!
The Warning from the Webbot about the crash coming this week has been updated to the fact "something" will happen around the 5 am hour on the 26th. What 5 am time zone, that is not clear, but lets just say it is EST.
I can tell you one place I will be in 2 mornings - on my computer looking intensely for headlines and information around the world. I will be starting with the Asian news sources.
Sunday, September 13, 2009
September 30th - D-Day for U.S. - Have You been Paying Attention? Are you Prepared?
UPDATE ON SEPT 14TH AT BOTTOM at 11:39am est
Okay, we are now nearing the expected D-day - where the house of cards will come crashing down. People will find what they thought was built with mortar and brick was actually nothing but paper (worthless) and a house built by it perilously stacked one on top of another, without a real base or foundation. This house has been shaking for a year, one quake after another hitting it, but those who built it were able to move one card to another place to keep the house- though hurt, but in tack - able to still hide there was no foundation built. Well, we are now at the time, where the general public (those who have only believed MSM and have not paid attention)are going to be shocked and dismayed when they find out the house of cards has tumbled down around them,when a wind blows - as they were unaware it was about to happen.
What am I talking about D-day = Derivatives!! Yep, that elusive word, that confuses people, as it is a very complicated Wall Street Creation and very few understand what it really is, as MSM does not explain it in detail.
Even the Wikipedia definition of Derivative - is as confusing as it can be:
link: http://en.wikipedia.org/wiki/Derivative
In calculus, a branch of mathematics, the derivative is a measure of how a function changes as its input changes. Loosely speaking, a derivative can be thought of as how much a quantity is changing at a given point; for example, the derivative of the position (or distance) of a vehicle with respect to time is the instantaneous velocity (respectively, instantaneous speed) at which the vehicle is traveling. Conversely, the integral of the velocity over time is the vehicle's position.
The derivative of a function at a chosen input value describes the best linear approximation of the function near that input value. For a real-valued function of a single real variable, the derivative at a point equals the slope of the tangent line to the graph of the function at that point. In higher dimensions, the derivative of a function at a point is a linear transformation called the linearization.[1] A closely related notion is the differential of a function.
The process of finding a derivative is called differentiation. The fundamental theorem of calculus states that differentiation is the reverse process to integration.
Yeah, Ok, whatever all that means... hhmmm - I am not exactly a math expert.
So now lets look at what another meaning, specifically for the Markets is:
link: http://www.economywatch.com/market/derivative-market/meaning-derivative-market.html
The Derivatives Market is meant as the market where exchange of derivatives takes place. Derivatives are one type of securities whose price is derived from the underlying assets. And value of these derivatives is determined by the fluctuations in the underlying assets. These underlying assets are most commonly stocks, bonds, currencies, interest rates, commodities and market indices. As Derivatives are merely contracts between two or more parties, anything like weather data or amount of rain can be used as underlying assets. The Derivatives can be classified as Future Contracts, Forward Contracts, Options, Swaps and Credit Derivatives.
The Types of Derivative MarketThe Derivative Market can be classified as Exchange Traded Derivatives Market and Over the Counter Derivative Market.
Exchange Traded Derivatives are those derivatives which are traded through specialized derivative exchanges whereas Over the Counter Derivatives are those which are privately traded between two parties and involves no exchange or intermediary. Swaps, Options and Forward Contracts are traded in Over the Counter Derivatives Market or OTC market.
The main participants of OTC market are the Investment Banks, Commercial Banks, Govt. Sponsored Enterprises and Hedge Funds. The investment banks markets the derivatives through traders to the clients like hedge funds and the rest.
In the Exchange Traded Derivatives Market or Future Market, exchange acts as the main party and by trading of derivatives actually risk is traded between two parties. One party who purchases future contract is said to go “long” and the person who sells the future contract is said to go “short”. The holder of the “long” position owns the future contract and earns profit from it if the price of the underlying security goes up in the future. On the contrary, holder of the “short” position is in a profitable position if the price of the underlying security goes down, as he has already sold the future contract. So, when a new future contract is introduced, the total position in the contract is zero as no one is holding that for short or long.
The trading of foreign exchange traded derivatives or the future contracts has emerged as very important financial activity all over the world just like trading of equity-linked contracts or commodity contracts. The derivatives whose underlying assets are credit, energy or metal, have shown a steady growth rate over the years around the world. Interest rate is the parameter which influences the global trading of derivatives, the most.
Derivative Market and Financial RiskDerivatives play a vital role in risk management of both financial and non-financial institutions. But, in the present world, it has become a rising concern that derivative market operations may destabilize the efficiency of financial markets. In today’s’ world the companies the financial and non-financial firms are using forward contracts, future contracts, options, swaps and other various combinations of derivatives to manage risk and to increase returns. It is true that growth of derivatives market reveal the increasing market demand for risk managing instruments in the economy. But, the major concern is that, the main components of Over the Counter (OTC) derivatives are interest rates and currency swaps. So, the economy will suffer surely if the derivative instruments are misused and if a major fault takes place in derivatives market.
Okay, above was an explanation of the Market Derivatives. Still a little confused - about what it really is?
I will now give you explanations in the most simple manner possibly - as I understand it - in words, we in everyday life use - and then why - the house of cards was built on derivatives and it will be the downfall of the U.S. currency and "Bank Holidays" will be in the future - Very Soon.
Here is some real information in more simple terms
link to below info: http://www.webofdebt.com/articles/creditcrunch.php
Banks Create the Money They Lend
Bankers will tell you that they do not create money. At a 10% reserve requirement, they simply lend out 90% of their deposits. The catch is that their “deposits” include the money they have written into their customers’ accounts as loans. That is how loans are made: numbers are simply written into the accounts of borrowers, as many reputable authorities have attested. Here are two of them, dating back to when officials were either more aware of what was going on or more open about it:
“[W]hen a bank makes a loan, it simply adds to the borrower’s deposit account in the bank by the amount of the loan. The money is not taken from anyone else’s deposit; it was not previously paid in to the bank by anyone. It’s new money, created by the bank for the use of the borrower.”
– Robert B. Anderson, Treasury Secretary under Eisenhower, in an interview reported in the August 31, 1959 issue of U.S. News and World Report
“Do private banks issue money today? Yes. Although banks no longer have the right to issue bank notes, they can create money in the form of bank deposits when they lend money to businesses, or buy securities. . . . The important thing to remember is that when banks lend money they don’t necessarily take it from anyone else to lend. Thus they ‘create’ it.”
– Congressman Wright Patman, Money Facts (House Committee on Banking and Currency, 1964)
Okay, now let me explain it - in my own words - as I have understood it, through my research.
Derivatives Meaning = Lets say: A bank has a deposit of $1000 - they are suppose to only lend up to 90% of that deposit out. So they then lend $900 out to someone, now they add that $900 loan to "deposits" - because it is seen as money in the bank. So, now they took that $1000 and made it to $1900 as deposits. So now they are able to loan 90% of $1900 - so they loan $1710 to someone else. Once that happens, again they can add that $1710 as money in the bank. The cycles goes on and on - until the reality is quadtrillion - some say quintrillions is loaned out - in money that is not actually there. Thus we have a house of cards that has no base and that is WHY the banks - don't actually have all the money that are in deposits in the banks. So that means - what you think you have in the bank in the form of money - is NOT THERE!
**** addition and clarification**** added Sept. 14th
The above is the base and foundation for all the bets and gambling banks and investment houses have taken against shorts or bets on basically everything out there. They have done it through the fraud of the the amount of "deposits" in their banks and able to use that "excess" deposits to make bets. I would like to add, the center of this whole game is A.I.G. - they have enabled all the bets too, by insuring they were good, to all the foreign investors, etc.
So, the foundation is the fact the banks, have used loans has deposits and compounded what they "had in deposits". The derivatives market is based and starts with the money not being in the banks that they write in, that they have. So, when you see X amount of dollars in deposits at a bank, question - is it Real money - or just play derivative money?******
Are you with me? Do you understand how Derivatives work now - in the most simple terms?
Do you now understand, banks have not put those derivatives on their books - but come Sept. 30th 2009 - due to new banking standards - derivatives need to be put on the books and when that happens - the banking industry will most likely come crashing down.
Here is one example of Banks worrying about the changes,
This is from Georgia's Bankers Association - they released this information last week
link: http://www.gabankers.com/e-Bulletin/2009%20Georgia%20Banking%20update%20-%20September%20(final).pdf
Some information from article:
Key Regulatory Issues Facing Georgia’s Banks
• Regulatory interpretations of accounting guidelines/FASB 114/5; fair value of real estate
• Downward pressure on asset prices caused by market forces and unintended consequences of
government stability programs
• Difficulty of obtaining reasonable and consistent property appraisals continues to put downward pressure on property and collateral values
• Deposit rate caps: New FDIC nationally set price to determine rate caps to further stress struggling Georgia banks that are required to raise local deposits to replace brokered deposits
• Brokered deposits: Requirements prohibiting banks that are considered to be less than “well capitalized” from renewing brokered deposits or seeking new brokered deposits creates immediate funding and liquidity problems for banks that can least afford them. There are reasonable ways to lessen the impact without increasing risk to the deposit insurance fund or artificially distorting the local deposit market.
• FDIC special assessment: will cost Georgia banks more than $133 million -- more than combined 2008 profits. More special assessments are likely, according to FDIC.
• Loan-Loss Reserve effect on regulatory capital: Artificial disallowance of more than $1.8 billion of capital in Georgia banks
• Loan renewals for commercial borrowers that are current on their loans are becoming difficult for some banks facing declining capital levels because of regulatory legal lending limits
• Access to capital and sources of liquidity continue to be limited by the market and regulatory issues.
But here is more from article - an explanation - regarding Deposits
Brokered deposits
Requirements prohibiting banks that are considered to be less than “well capitalized” from renewing brokered deposits or seeking new brokered deposits creates immediate funding and liquidity problems for banks that can least afford them. There are reasonable ways to lessen the impact without increasing risk to the deposit insurance fund or artificially distorting the local deposit market. One possible helpful easing of the regulation would allow “adequately capitalized” banks to renew maturing brokered deposits but continue to prohibit them from acquiring new brokered deposits. This would allow some funding stability for the bank without increasing the potential cost to the deposit insurance fund. If the statute cannot be changed regarding brokered deposits, banks having to shed those deposits should be allowed to reduce their reliance over a longer period of time than simply upon renewal. If the FDIC could
require an orderly reduction of brokered deposits of perhaps 10% per quarter or some other reasonable number, the impact would less.
Are you catching the above? Do you see, how the banking industry admitted in the above that there are artificial deposits?
The link is 24 pages long in PDF form, it is all bankers type info.
Now, we are coming to another link from a person who predicted the fall of the markets etc last year. Besides of course the Peter Schiff's, Gerald Celente's and others who speak the truth of the world. There have been many people sounding the siren of what is coming, the problem is the MSM has not broad casted their sirens, they only have broad casted what the governments want people to hear (which is not the truths of what is really going on). In fact, if you have only been paying attention to the MSM then you think "Everything is turning up roses and there is nothing but Champagne and Caviar in our futures". They have been hiding from the people the real information.
Question: Have you heard on MSM the following:
China is defaulting on their derivatives contracts - they say it was done illegally and a scam from the banks?
China is pushing gold and silver to it's citizens to buy - the Chinese government are running commercials like it is soap on their T.V. constantly?
Hong Kong, Dubai, and Germany have called their gold in from storage from the U.K. and the U.S. - for the first time ever?
The U.S. State Dept. informed all of the Embassies to have local currencies on hand, that will last them a year by Sept. 30th?
The U.S. bond market has been missing China and other countries - they have stopped purchasing our debt? Besides how our bond buyers are now "indirect" buyers? ( in other words the Fed is printing the money as no tomorrow and buying the U.S. debt themselves through "friends")
The amount of money that has been printed up since Sept. 08, that is now new paper of Trillions and Trillions of dollars, created out of thin air?
There is so much more real information on the internet, that the MSM fails to report. They like to keep people distracted with news that ultimately doesn't matter. They are not reporting what is going to have a huge impact on all of our lives in the very near future!
An interesting article out, yesterday:
Dr. Van de Meer predicts monetary collapse of US starting on September 30th
A private but extremely influential silent individual, Dr. Michael Van de Meer is the person predicting a financial collapse of the United States starting on September 30th. That is the end of the fiscal year and the final date for payments the Federal Reserve Board wants to act, but cannot, because it is in a catatonic state, as the leaders of every state in the world is.
There will also be indications on September the 16th, he informed me some ten months ago, “Although September 30th will be the tipping point at which the tree’s fate is determined, the branches will not hit the ground until October 7 and 27th and going on into November,” he says.
Dr. Van de Meer correctly predicted the financial panic that started in September of 2008 (also 10 months in advance) and has made many other accurate predictions.
In a separate confirmation the Chinese Government is no longer entertaining and investing in derivatives, and have declared a Nova-to, meaning they will not be paying the trillions “due” on these these illegal instruments. In fact the Chinese are using stronger language saying these criminally foisted instruments are a declaration of a financial war.
Meanwhile, in a significant break in corporate media censorship, the CBS TV program 60 minutes reported that Alan Greenspan, in concert with Bill Clinton and George Bush Senior facilitated in the year 2000, during the middle of the night, the passage of a criminal, highly illegal unconstitutional Bill that created the mortgage and property bubble. The bill allowed unscrupulous individuals in the major Banks and Insurance Corporations such as A.I.G. to hedge bets at a cent to the dollar. This allowed them to create derivatives contracts whose supposed face value runs into the quintillions of dollars (In either the British or American systems that is the next number after a quadrillion!) . On September 30th all these fiat numbers created out of nothing will no longer be accepted. Both China and Japan have not said they will only accept gold from America but they have none. Bernanke and Geithner are desperately calling the people who own the gold and asking for some but they have been told they will not get even one ounce.
The bundling of the worthless inflated dollars created a devaluation in the banking system and major banks went down in a domino spiral, the affects of which will be felt for many years around the world. The destruction of the world’s accounting system is so extreme that the tax base of every state and municipal government is strained, some house values have fallen 80%, farmers cannot get credit for parts, seed, fertilizers and water meaning many innocent people will pay, maybe even with their lives.
The Wall street banksters that own the Fed are being forced to put all their derivatives garbage on the books by September 30th. If they do that, they will be exposed as totally bankrupt.
The new financial system has been embraced by the Vatican, the British Empire and the Dragon family as well as the new Japanese government so it is hard to see how the Fed will be able meet the demands. Also people are now on to them and without secrecy their entire fiat con-job ceases to function.
The new financial system will not allow any off ledger transactions nor any hedge funds or derivatives. Wall Street will not be allowed to as Dr. Van de Meer puts it to “do all their contrivances selling worthless air and paper and contrived named instruments that by their very names are comic to the ear. They have been gerrymandered to fool the millions who buy worthless stocks just like little old ladies in sneakers working slot machines”.
The American people who are 4% of the world’s population but consume 40% of the world’s resources have been paying for it all with illusory money. The illusion has burst and there will be a 90 degree fall in the value of money, followed by a lot of hard work as the country rebuilds itself back into greatness. Fortunately, by developing all the new technology that was suppressed by the Feds, the end result of the rebuilding will be a golden age for all. But remember, there will be no gain without pain. However, the Americans are resilient people and will pull together and be a more informed and strong nation once again. First though, they need to seek out this Wall Street crowd; tar and feather them, and run them out of the country on a rail.
What is the above article ultimately saying? We are about to go through the toughest time ever in history - BUT - we ARE Resilient - We ARE Strong. We will be able to come together to make it through this coming time!
People need to STOP listening to all the hate and discord being broadcasted at one another through the MSM - we need to come together when things start going downhill! We need to take each other's hands and Help each other out! We don't need to be fighting over "who is on the left and who is on the right"!
The right and left, ultimately DOES NOT MATTER - we are all People - We ALL matter - not one side or another!
I want to add one other thing - I realized the other day - as I was reading a time line at this link:
http://widerimage.reuters.com/timesofcrisis/
of the past year and the economic crisis that has been unfolding... I kept seeing over and over - at every spot and segment the word "Billions". That word has been thrown around by the media and the CONgress all year. Now, it seems if we hear "One Billion" needed for something we don't think it is that much anymore, right?
Well, let me ask you something - What the Hell has happened to the amounts that have MEANING to You and I? You know, like the words "One Thousand, Ten Thousand". What happened to those amounts that would make a difference in people's lives, in whether they live or die, or they have a home or are homeless? Those numbers that actually Make a Difference in people's lives? The ones that all of us regular people need to hear, that would help us out?
In other words, we are getting to where we think One Billion or a few Hundred Million etc, isn't much, right? B.S.!! If those numbers are not much anymore, than why is a debt collector calling people just for a few hundred, why are people having to lose their houses over a few thousand, why are people having to go bankrupt over a couple of thousand of owing those corporations and banks that have gotten those "Billions" from the government?!
Stop and think about it, when the media is throwing those billion numbers around - think about how all those banks are still foreclosing on people for a few thousand!
Personally, I am sick of hearing Billions as if, it was a simple cup of coffee! I want to start hearing truth - I want to start hearing how those billions given to banks, are actually letting people keep their homes. How come those banks have stayed so ruthless against the the people and not refinancing their mortages as they are suppose to.
Yeah, regarding that government deal - of people being able to rework their mortgages from the banks that received bailouts... How many people do you know - actually got help?
I can tell you there may be some - but the statistics of people actually being helped is under 5% to the people that have applied under the government deal.
The Obama administration’s $75 billion mortgage bailout program to help some 9 million struggling home owners is off to a slow start. So far 55,000 people have had their loans modified according to this CNN Money report.
There certainly had to be a ramp up period for loan servicers to get their systems and people in place to be able to accommodate the crushing requests from homeowners. But at this pace, it will take the full second term of the Obama administration to get the 9 million complete – if that.
It’s really an unbelievable time in the mortgage business right now. The people I talk with are extremely busy working with people to refinance and with new purchases. The people running the backend systems must be running full tilt because not only do that have all the new loan requests and refi’s, but they have to deal with all the people falling behind on their payments, foreclosure filings and now the massive under taking to try to modify some 9 million loans…many of which, by the way, will not likely be able to be modified.
I tried to get a mortgage change - "Nope" not going to happen, was told - Oh yeah, I also found out that the mortgage servicing company that I owe my mortgage to, they are owned by Goldman Sachs!! I also researched that they have turned down almost everyone - and people who thought they were getting their mortgage reset with them, were foreclosed on in the middle of it! BTW: Goldman Sachs was one of the biggest beneficiaries of the bailout - yeah - here comes that word.. they got "hundreds of Billions" from all of us, through the government!
So, as I wind down this post with various information - look at what is honestly going on - Please - look for the truths of what is about to occur - don't just listen to CNN, FOX, MSNBC. With the information above, did some of that seem true to you? Can you discern what feels true or not true. Think about it and then take steps to take precautions - opportunities will likely be coming up very soon to purchase the best hedge against inflation and you can see what I believe it is, due to most of my postings in this blog. But I will say it one more time - METALS!!
A question - if you doubt any of the information, then why is CNN running this article:
http://money.cnn.com/2009/09/10/news/economy/insider.sales/index.htm?postversion=2009091107
Title: Insiders Selling Like NO Tomorrow
"It's not a very complicated story," said Charles Biderman, who runs market research firm Trim Tabs. "Insiders know better than you and me. If prices are too high, they sell."
Biderman, who says there were $31 worth of insider stock sales in August for every $1 of insider buys, isn't the only one who has taken note. Ben Silverman, director of research at the InsiderScore.com web site that tracks trading action, said insiders are selling at their most aggressive clip since the summer of 2007.
One other thing, I read some information this morning - it is the Swiss banks - that have no branches in the U.S., therefore are not affected by having to give up the names of U.S. accounts - have sent out notices to their account holders - on Friday - telling them, they have to get their money out of the banks immediately and by Sept. 30th. Those people are questioning "Why" the Swiss banks, don't want U.S. money on their books?
UPDATE SEPT 14TH
Article out from Bloomberg - Joseph Stiglitz, the Nobel Prize- winning economist - says banking problems are bigger than before Lehman failure! (that means pre-bailout also)
link: http://www.bloomberg.com/apps/news?pid=20601087&sid=aYdgQkXu9eBg#
“In the U.S. and many other countries, the too-big-to-fail banks have become even bigger,” Stiglitz said in an interview today in Paris. “The problems are worse than they were in 2007 before the crisis.”
G-20 Steps
“We aren’t doing anything significant so far, and the banks are pushing back,” he said. “The leaders of the G-20 will make some small steps forward, given the power of the banks” and “any step forward is a move in the right direction.”
“It’s an outrage,” especially “in the U.S. where we poured so much money into the banks,” Stiglitz said. “The administration seems very reluctant to do what is necessary. Yes they’ll do something, the question is: Will they do as much as required?”
Global Economy
Stiglitz, former chief economist at the World Bank and member of the White House Council of Economic Advisers, said the world economy is “far from being out of the woods” even if it has pulled back from the precipice it teetered on after the collapse of Lehman.
“We’re going into an extended period of weak economy, of economic malaise,” Stiglitz said. The U.S. will “grow but not enough to offset the increase in the population,” he said, adding that “if workers do not have income, it’s very hard to see how the U.S. will generate the demand that the world economy needs.”
The Federal Reserve faces a “quandary” in ending its monetary stimulus programs because doing so may drive up the cost of borrowing for the U.S. government, he said.
“The question then is who is going to finance the U.S. government,” Stiglitz said.
How to Prepare for China's Upcoming Derviatives Default
link: http://www.kitco.com/ind/Summers/sep142009.html
The Above article is a MUST READ in my opinion! It says a lot in it and explains A Lot!
Okay, we are now nearing the expected D-day - where the house of cards will come crashing down. People will find what they thought was built with mortar and brick was actually nothing but paper (worthless) and a house built by it perilously stacked one on top of another, without a real base or foundation. This house has been shaking for a year, one quake after another hitting it, but those who built it were able to move one card to another place to keep the house- though hurt, but in tack - able to still hide there was no foundation built. Well, we are now at the time, where the general public (those who have only believed MSM and have not paid attention)are going to be shocked and dismayed when they find out the house of cards has tumbled down around them,when a wind blows - as they were unaware it was about to happen.
What am I talking about D-day = Derivatives!! Yep, that elusive word, that confuses people, as it is a very complicated Wall Street Creation and very few understand what it really is, as MSM does not explain it in detail.
Even the Wikipedia definition of Derivative - is as confusing as it can be:
link: http://en.wikipedia.org/wiki/Derivative
In calculus, a branch of mathematics, the derivative is a measure of how a function changes as its input changes. Loosely speaking, a derivative can be thought of as how much a quantity is changing at a given point; for example, the derivative of the position (or distance) of a vehicle with respect to time is the instantaneous velocity (respectively, instantaneous speed) at which the vehicle is traveling. Conversely, the integral of the velocity over time is the vehicle's position.
The derivative of a function at a chosen input value describes the best linear approximation of the function near that input value. For a real-valued function of a single real variable, the derivative at a point equals the slope of the tangent line to the graph of the function at that point. In higher dimensions, the derivative of a function at a point is a linear transformation called the linearization.[1] A closely related notion is the differential of a function.
The process of finding a derivative is called differentiation. The fundamental theorem of calculus states that differentiation is the reverse process to integration.
Yeah, Ok, whatever all that means... hhmmm - I am not exactly a math expert.
So now lets look at what another meaning, specifically for the Markets is:
link: http://www.economywatch.com/market/derivative-market/meaning-derivative-market.html
The Derivatives Market is meant as the market where exchange of derivatives takes place. Derivatives are one type of securities whose price is derived from the underlying assets. And value of these derivatives is determined by the fluctuations in the underlying assets. These underlying assets are most commonly stocks, bonds, currencies, interest rates, commodities and market indices. As Derivatives are merely contracts between two or more parties, anything like weather data or amount of rain can be used as underlying assets. The Derivatives can be classified as Future Contracts, Forward Contracts, Options, Swaps and Credit Derivatives.
The Types of Derivative MarketThe Derivative Market can be classified as Exchange Traded Derivatives Market and Over the Counter Derivative Market.
Exchange Traded Derivatives are those derivatives which are traded through specialized derivative exchanges whereas Over the Counter Derivatives are those which are privately traded between two parties and involves no exchange or intermediary. Swaps, Options and Forward Contracts are traded in Over the Counter Derivatives Market or OTC market.
The main participants of OTC market are the Investment Banks, Commercial Banks, Govt. Sponsored Enterprises and Hedge Funds. The investment banks markets the derivatives through traders to the clients like hedge funds and the rest.
In the Exchange Traded Derivatives Market or Future Market, exchange acts as the main party and by trading of derivatives actually risk is traded between two parties. One party who purchases future contract is said to go “long” and the person who sells the future contract is said to go “short”. The holder of the “long” position owns the future contract and earns profit from it if the price of the underlying security goes up in the future. On the contrary, holder of the “short” position is in a profitable position if the price of the underlying security goes down, as he has already sold the future contract. So, when a new future contract is introduced, the total position in the contract is zero as no one is holding that for short or long.
The trading of foreign exchange traded derivatives or the future contracts has emerged as very important financial activity all over the world just like trading of equity-linked contracts or commodity contracts. The derivatives whose underlying assets are credit, energy or metal, have shown a steady growth rate over the years around the world. Interest rate is the parameter which influences the global trading of derivatives, the most.
Derivative Market and Financial RiskDerivatives play a vital role in risk management of both financial and non-financial institutions. But, in the present world, it has become a rising concern that derivative market operations may destabilize the efficiency of financial markets. In today’s’ world the companies the financial and non-financial firms are using forward contracts, future contracts, options, swaps and other various combinations of derivatives to manage risk and to increase returns. It is true that growth of derivatives market reveal the increasing market demand for risk managing instruments in the economy. But, the major concern is that, the main components of Over the Counter (OTC) derivatives are interest rates and currency swaps. So, the economy will suffer surely if the derivative instruments are misused and if a major fault takes place in derivatives market.
Okay, above was an explanation of the Market Derivatives. Still a little confused - about what it really is?
I will now give you explanations in the most simple manner possibly - as I understand it - in words, we in everyday life use - and then why - the house of cards was built on derivatives and it will be the downfall of the U.S. currency and "Bank Holidays" will be in the future - Very Soon.
Here is some real information in more simple terms
link to below info: http://www.webofdebt.com/articles/creditcrunch.php
Banks Create the Money They Lend
Bankers will tell you that they do not create money. At a 10% reserve requirement, they simply lend out 90% of their deposits. The catch is that their “deposits” include the money they have written into their customers’ accounts as loans. That is how loans are made: numbers are simply written into the accounts of borrowers, as many reputable authorities have attested. Here are two of them, dating back to when officials were either more aware of what was going on or more open about it:
“[W]hen a bank makes a loan, it simply adds to the borrower’s deposit account in the bank by the amount of the loan. The money is not taken from anyone else’s deposit; it was not previously paid in to the bank by anyone. It’s new money, created by the bank for the use of the borrower.”
– Robert B. Anderson, Treasury Secretary under Eisenhower, in an interview reported in the August 31, 1959 issue of U.S. News and World Report
“Do private banks issue money today? Yes. Although banks no longer have the right to issue bank notes, they can create money in the form of bank deposits when they lend money to businesses, or buy securities. . . . The important thing to remember is that when banks lend money they don’t necessarily take it from anyone else to lend. Thus they ‘create’ it.”
– Congressman Wright Patman, Money Facts (House Committee on Banking and Currency, 1964)
Okay, now let me explain it - in my own words - as I have understood it, through my research.
Derivatives Meaning = Lets say: A bank has a deposit of $1000 - they are suppose to only lend up to 90% of that deposit out. So they then lend $900 out to someone, now they add that $900 loan to "deposits" - because it is seen as money in the bank. So, now they took that $1000 and made it to $1900 as deposits. So now they are able to loan 90% of $1900 - so they loan $1710 to someone else. Once that happens, again they can add that $1710 as money in the bank. The cycles goes on and on - until the reality is quadtrillion - some say quintrillions is loaned out - in money that is not actually there. Thus we have a house of cards that has no base and that is WHY the banks - don't actually have all the money that are in deposits in the banks. So that means - what you think you have in the bank in the form of money - is NOT THERE!
**** addition and clarification**** added Sept. 14th
The above is the base and foundation for all the bets and gambling banks and investment houses have taken against shorts or bets on basically everything out there. They have done it through the fraud of the the amount of "deposits" in their banks and able to use that "excess" deposits to make bets. I would like to add, the center of this whole game is A.I.G. - they have enabled all the bets too, by insuring they were good, to all the foreign investors, etc.
So, the foundation is the fact the banks, have used loans has deposits and compounded what they "had in deposits". The derivatives market is based and starts with the money not being in the banks that they write in, that they have. So, when you see X amount of dollars in deposits at a bank, question - is it Real money - or just play derivative money?******
Are you with me? Do you understand how Derivatives work now - in the most simple terms?
Do you now understand, banks have not put those derivatives on their books - but come Sept. 30th 2009 - due to new banking standards - derivatives need to be put on the books and when that happens - the banking industry will most likely come crashing down.
Here is one example of Banks worrying about the changes,
This is from Georgia's Bankers Association - they released this information last week
link: http://www.gabankers.com/e-Bulletin/2009%20Georgia%20Banking%20update%20-%20September%20(final).pdf
Some information from article:
Key Regulatory Issues Facing Georgia’s Banks
• Regulatory interpretations of accounting guidelines/FASB 114/5; fair value of real estate
• Downward pressure on asset prices caused by market forces and unintended consequences of
government stability programs
• Difficulty of obtaining reasonable and consistent property appraisals continues to put downward pressure on property and collateral values
• Deposit rate caps: New FDIC nationally set price to determine rate caps to further stress struggling Georgia banks that are required to raise local deposits to replace brokered deposits
• Brokered deposits: Requirements prohibiting banks that are considered to be less than “well capitalized” from renewing brokered deposits or seeking new brokered deposits creates immediate funding and liquidity problems for banks that can least afford them. There are reasonable ways to lessen the impact without increasing risk to the deposit insurance fund or artificially distorting the local deposit market.
• FDIC special assessment: will cost Georgia banks more than $133 million -- more than combined 2008 profits. More special assessments are likely, according to FDIC.
• Loan-Loss Reserve effect on regulatory capital: Artificial disallowance of more than $1.8 billion of capital in Georgia banks
• Loan renewals for commercial borrowers that are current on their loans are becoming difficult for some banks facing declining capital levels because of regulatory legal lending limits
• Access to capital and sources of liquidity continue to be limited by the market and regulatory issues.
But here is more from article - an explanation - regarding Deposits
Brokered deposits
Requirements prohibiting banks that are considered to be less than “well capitalized” from renewing brokered deposits or seeking new brokered deposits creates immediate funding and liquidity problems for banks that can least afford them. There are reasonable ways to lessen the impact without increasing risk to the deposit insurance fund or artificially distorting the local deposit market. One possible helpful easing of the regulation would allow “adequately capitalized” banks to renew maturing brokered deposits but continue to prohibit them from acquiring new brokered deposits. This would allow some funding stability for the bank without increasing the potential cost to the deposit insurance fund. If the statute cannot be changed regarding brokered deposits, banks having to shed those deposits should be allowed to reduce their reliance over a longer period of time than simply upon renewal. If the FDIC could
require an orderly reduction of brokered deposits of perhaps 10% per quarter or some other reasonable number, the impact would less.
Are you catching the above? Do you see, how the banking industry admitted in the above that there are artificial deposits?
The link is 24 pages long in PDF form, it is all bankers type info.
Now, we are coming to another link from a person who predicted the fall of the markets etc last year. Besides of course the Peter Schiff's, Gerald Celente's and others who speak the truth of the world. There have been many people sounding the siren of what is coming, the problem is the MSM has not broad casted their sirens, they only have broad casted what the governments want people to hear (which is not the truths of what is really going on). In fact, if you have only been paying attention to the MSM then you think "Everything is turning up roses and there is nothing but Champagne and Caviar in our futures". They have been hiding from the people the real information.
Question: Have you heard on MSM the following:
China is defaulting on their derivatives contracts - they say it was done illegally and a scam from the banks?
China is pushing gold and silver to it's citizens to buy - the Chinese government are running commercials like it is soap on their T.V. constantly?
Hong Kong, Dubai, and Germany have called their gold in from storage from the U.K. and the U.S. - for the first time ever?
The U.S. State Dept. informed all of the Embassies to have local currencies on hand, that will last them a year by Sept. 30th?
The U.S. bond market has been missing China and other countries - they have stopped purchasing our debt? Besides how our bond buyers are now "indirect" buyers? ( in other words the Fed is printing the money as no tomorrow and buying the U.S. debt themselves through "friends")
The amount of money that has been printed up since Sept. 08, that is now new paper of Trillions and Trillions of dollars, created out of thin air?
There is so much more real information on the internet, that the MSM fails to report. They like to keep people distracted with news that ultimately doesn't matter. They are not reporting what is going to have a huge impact on all of our lives in the very near future!
An interesting article out, yesterday:
Dr. Van de Meer predicts monetary collapse of US starting on September 30th
A private but extremely influential silent individual, Dr. Michael Van de Meer is the person predicting a financial collapse of the United States starting on September 30th. That is the end of the fiscal year and the final date for payments the Federal Reserve Board wants to act, but cannot, because it is in a catatonic state, as the leaders of every state in the world is.
There will also be indications on September the 16th, he informed me some ten months ago, “Although September 30th will be the tipping point at which the tree’s fate is determined, the branches will not hit the ground until October 7 and 27th and going on into November,” he says.
Dr. Van de Meer correctly predicted the financial panic that started in September of 2008 (also 10 months in advance) and has made many other accurate predictions.
In a separate confirmation the Chinese Government is no longer entertaining and investing in derivatives, and have declared a Nova-to, meaning they will not be paying the trillions “due” on these these illegal instruments. In fact the Chinese are using stronger language saying these criminally foisted instruments are a declaration of a financial war.
Meanwhile, in a significant break in corporate media censorship, the CBS TV program 60 minutes reported that Alan Greenspan, in concert with Bill Clinton and George Bush Senior facilitated in the year 2000, during the middle of the night, the passage of a criminal, highly illegal unconstitutional Bill that created the mortgage and property bubble. The bill allowed unscrupulous individuals in the major Banks and Insurance Corporations such as A.I.G. to hedge bets at a cent to the dollar. This allowed them to create derivatives contracts whose supposed face value runs into the quintillions of dollars (In either the British or American systems that is the next number after a quadrillion!) . On September 30th all these fiat numbers created out of nothing will no longer be accepted. Both China and Japan have not said they will only accept gold from America but they have none. Bernanke and Geithner are desperately calling the people who own the gold and asking for some but they have been told they will not get even one ounce.
The bundling of the worthless inflated dollars created a devaluation in the banking system and major banks went down in a domino spiral, the affects of which will be felt for many years around the world. The destruction of the world’s accounting system is so extreme that the tax base of every state and municipal government is strained, some house values have fallen 80%, farmers cannot get credit for parts, seed, fertilizers and water meaning many innocent people will pay, maybe even with their lives.
The Wall street banksters that own the Fed are being forced to put all their derivatives garbage on the books by September 30th. If they do that, they will be exposed as totally bankrupt.
The new financial system has been embraced by the Vatican, the British Empire and the Dragon family as well as the new Japanese government so it is hard to see how the Fed will be able meet the demands. Also people are now on to them and without secrecy their entire fiat con-job ceases to function.
The new financial system will not allow any off ledger transactions nor any hedge funds or derivatives. Wall Street will not be allowed to as Dr. Van de Meer puts it to “do all their contrivances selling worthless air and paper and contrived named instruments that by their very names are comic to the ear. They have been gerrymandered to fool the millions who buy worthless stocks just like little old ladies in sneakers working slot machines”.
The American people who are 4% of the world’s population but consume 40% of the world’s resources have been paying for it all with illusory money. The illusion has burst and there will be a 90 degree fall in the value of money, followed by a lot of hard work as the country rebuilds itself back into greatness. Fortunately, by developing all the new technology that was suppressed by the Feds, the end result of the rebuilding will be a golden age for all. But remember, there will be no gain without pain. However, the Americans are resilient people and will pull together and be a more informed and strong nation once again. First though, they need to seek out this Wall Street crowd; tar and feather them, and run them out of the country on a rail.
What is the above article ultimately saying? We are about to go through the toughest time ever in history - BUT - we ARE Resilient - We ARE Strong. We will be able to come together to make it through this coming time!
People need to STOP listening to all the hate and discord being broadcasted at one another through the MSM - we need to come together when things start going downhill! We need to take each other's hands and Help each other out! We don't need to be fighting over "who is on the left and who is on the right"!
The right and left, ultimately DOES NOT MATTER - we are all People - We ALL matter - not one side or another!
I want to add one other thing - I realized the other day - as I was reading a time line at this link:
http://widerimage.reuters.com/timesofcrisis/
of the past year and the economic crisis that has been unfolding... I kept seeing over and over - at every spot and segment the word "Billions". That word has been thrown around by the media and the CONgress all year. Now, it seems if we hear "One Billion" needed for something we don't think it is that much anymore, right?
Well, let me ask you something - What the Hell has happened to the amounts that have MEANING to You and I? You know, like the words "One Thousand, Ten Thousand". What happened to those amounts that would make a difference in people's lives, in whether they live or die, or they have a home or are homeless? Those numbers that actually Make a Difference in people's lives? The ones that all of us regular people need to hear, that would help us out?
In other words, we are getting to where we think One Billion or a few Hundred Million etc, isn't much, right? B.S.!! If those numbers are not much anymore, than why is a debt collector calling people just for a few hundred, why are people having to lose their houses over a few thousand, why are people having to go bankrupt over a couple of thousand of owing those corporations and banks that have gotten those "Billions" from the government?!
Stop and think about it, when the media is throwing those billion numbers around - think about how all those banks are still foreclosing on people for a few thousand!
Personally, I am sick of hearing Billions as if, it was a simple cup of coffee! I want to start hearing truth - I want to start hearing how those billions given to banks, are actually letting people keep their homes. How come those banks have stayed so ruthless against the the people and not refinancing their mortages as they are suppose to.
Yeah, regarding that government deal - of people being able to rework their mortgages from the banks that received bailouts... How many people do you know - actually got help?
I can tell you there may be some - but the statistics of people actually being helped is under 5% to the people that have applied under the government deal.
The Obama administration’s $75 billion mortgage bailout program to help some 9 million struggling home owners is off to a slow start. So far 55,000 people have had their loans modified according to this CNN Money report.
There certainly had to be a ramp up period for loan servicers to get their systems and people in place to be able to accommodate the crushing requests from homeowners. But at this pace, it will take the full second term of the Obama administration to get the 9 million complete – if that.
It’s really an unbelievable time in the mortgage business right now. The people I talk with are extremely busy working with people to refinance and with new purchases. The people running the backend systems must be running full tilt because not only do that have all the new loan requests and refi’s, but they have to deal with all the people falling behind on their payments, foreclosure filings and now the massive under taking to try to modify some 9 million loans…many of which, by the way, will not likely be able to be modified.
I tried to get a mortgage change - "Nope" not going to happen, was told - Oh yeah, I also found out that the mortgage servicing company that I owe my mortgage to, they are owned by Goldman Sachs!! I also researched that they have turned down almost everyone - and people who thought they were getting their mortgage reset with them, were foreclosed on in the middle of it! BTW: Goldman Sachs was one of the biggest beneficiaries of the bailout - yeah - here comes that word.. they got "hundreds of Billions" from all of us, through the government!
So, as I wind down this post with various information - look at what is honestly going on - Please - look for the truths of what is about to occur - don't just listen to CNN, FOX, MSNBC. With the information above, did some of that seem true to you? Can you discern what feels true or not true. Think about it and then take steps to take precautions - opportunities will likely be coming up very soon to purchase the best hedge against inflation and you can see what I believe it is, due to most of my postings in this blog. But I will say it one more time - METALS!!
A question - if you doubt any of the information, then why is CNN running this article:
http://money.cnn.com/2009/09/10/news/economy/insider.sales/index.htm?postversion=2009091107
Title: Insiders Selling Like NO Tomorrow
"It's not a very complicated story," said Charles Biderman, who runs market research firm Trim Tabs. "Insiders know better than you and me. If prices are too high, they sell."
Biderman, who says there were $31 worth of insider stock sales in August for every $1 of insider buys, isn't the only one who has taken note. Ben Silverman, director of research at the InsiderScore.com web site that tracks trading action, said insiders are selling at their most aggressive clip since the summer of 2007.
One other thing, I read some information this morning - it is the Swiss banks - that have no branches in the U.S., therefore are not affected by having to give up the names of U.S. accounts - have sent out notices to their account holders - on Friday - telling them, they have to get their money out of the banks immediately and by Sept. 30th. Those people are questioning "Why" the Swiss banks, don't want U.S. money on their books?
UPDATE SEPT 14TH
Article out from Bloomberg - Joseph Stiglitz, the Nobel Prize- winning economist - says banking problems are bigger than before Lehman failure! (that means pre-bailout also)
link: http://www.bloomberg.com/apps/news?pid=20601087&sid=aYdgQkXu9eBg#
“In the U.S. and many other countries, the too-big-to-fail banks have become even bigger,” Stiglitz said in an interview today in Paris. “The problems are worse than they were in 2007 before the crisis.”
G-20 Steps
“We aren’t doing anything significant so far, and the banks are pushing back,” he said. “The leaders of the G-20 will make some small steps forward, given the power of the banks” and “any step forward is a move in the right direction.”
“It’s an outrage,” especially “in the U.S. where we poured so much money into the banks,” Stiglitz said. “The administration seems very reluctant to do what is necessary. Yes they’ll do something, the question is: Will they do as much as required?”
Global Economy
Stiglitz, former chief economist at the World Bank and member of the White House Council of Economic Advisers, said the world economy is “far from being out of the woods” even if it has pulled back from the precipice it teetered on after the collapse of Lehman.
“We’re going into an extended period of weak economy, of economic malaise,” Stiglitz said. The U.S. will “grow but not enough to offset the increase in the population,” he said, adding that “if workers do not have income, it’s very hard to see how the U.S. will generate the demand that the world economy needs.”
The Federal Reserve faces a “quandary” in ending its monetary stimulus programs because doing so may drive up the cost of borrowing for the U.S. government, he said.
“The question then is who is going to finance the U.S. government,” Stiglitz said.
ANOTHER UPDATE: Here is a great article out today -
How to Prepare for China's Upcoming Derviatives Default
link: http://www.kitco.com/ind/Summers/sep142009.html
The Above article is a MUST READ in my opinion! It says a lot in it and explains A Lot!
Saturday, September 12, 2009
Very Odd - Stock Market numbers 9/11/01 was 9605.51 - Market 9/11/09 was 9605.41
This is very odd to me.
The stock market closed on 9/10/01 at 9605.51 - it stayed those numbers showing for 7 days, until 9/17/01, which is when the stock market reopened after 9/11.
Now 8 years later on 9/11/09 the stock market closed at 9605.41 and is staying that way for 3 days.
That is only a difference of 10 cents - Down I might add from 8 years ago. All the numbers combined together from 9/11/01 - equal to 8.
I find it interesting, considering 8 years later, our economy is collapsing and crashing around us, there is some type symbolism of the "trade" buildings crashing and collapsing 8 years before.
Our lives have never been the same since 9/11/01 - they changed after that day. Is there a hidden meaning in the numbers, where our lives are about to change once more?
Someone has pointed out - in the movie "Wall Street" with Charlie Sheen - when he is walking out of his new office, the clock behind him shows 9:11.
There is someone who I respect that does amazing things with numbers and can see correlations and reasoning for numbers in the stock market. It is mind boggling what he sees and how he puts them together. I have contacted him about these numbers showing up 8 years apart on the same day, I will post what he has to say about it, when I hear from him.
In my opinion, there is some meaning behind these numbers - being exact except for 10 cents. What it is exactly? Who knows. But will there be some connection show up in the future, we will see.
The stock market closed on 9/10/01 at 9605.51 - it stayed those numbers showing for 7 days, until 9/17/01, which is when the stock market reopened after 9/11.
Now 8 years later on 9/11/09 the stock market closed at 9605.41 and is staying that way for 3 days.
That is only a difference of 10 cents - Down I might add from 8 years ago. All the numbers combined together from 9/11/01 - equal to 8.
I find it interesting, considering 8 years later, our economy is collapsing and crashing around us, there is some type symbolism of the "trade" buildings crashing and collapsing 8 years before.
Our lives have never been the same since 9/11/01 - they changed after that day. Is there a hidden meaning in the numbers, where our lives are about to change once more?
Someone has pointed out - in the movie "Wall Street" with Charlie Sheen - when he is walking out of his new office, the clock behind him shows 9:11.
There is someone who I respect that does amazing things with numbers and can see correlations and reasoning for numbers in the stock market. It is mind boggling what he sees and how he puts them together. I have contacted him about these numbers showing up 8 years apart on the same day, I will post what he has to say about it, when I hear from him.
In my opinion, there is some meaning behind these numbers - being exact except for 10 cents. What it is exactly? Who knows. But will there be some connection show up in the future, we will see.
Update: Very interesting Gold Chart from 9/11/09
Notice the High for the Day - 1011.90? Other charts do not show this number, but this one does.
Subscribe to:
Posts (Atom)