The tool that has been used against the average person is the same tool for the past 200 years; money. We work for money, but the Banks create it. The
Banks get the privilege of loaning out 10 dollars for every one they have on deposit. This is called "leverage." In 2004, Paulson (reigning baron
at the Fed) begged for more Leverage for financial companies. Please note that it wasn't the actual failure of mortgages that caused Fannie Mae and
Freddie Mac to fail -- it was that they were allowed to get into high risk investments. The bigger problem with Leverage, is it allows you to control
a lot of investments to make lots of money on the upside -- but have lots of exposure on the downside.
There is a lot to this, so I'm going to be brief, you can get far more detail on "these sorts of things" at
. Now, it is interesting to note, that there were plenty of profits being made on NINJA
mortgages, and even more money made -- 20 times over, on the speculation on the value used by these assets on unregulated markets. The CDS and
Derivatives markets are about $64 Trillion and $1.2 Quadrillion -- which can actually ZERO out, and gets really big because there are puts and calls
and both the upside and the downside of all transactions are covered. It is insurance, but not regulated as such, and it is speculative investment,
but not regulated as an investment or taxed as the high-stakes gambling that it is. Golden Rule must apply. The problem is -- that even if these
transactions can zero out, it you cannot trust, or know, the underlying costs, or who is actually worth their credit rating -- the imbalance of trying
to setting these accounts can bankrupt any nation on earth -- just with an accounting error. The TOTAL output of the world in a year is something like
But let's get down to the criminality -- the culprits. I can't say who ultimately pulls the strings, but we can see their proxies; Paulson,
Bernanke, Bush, Cheney (all the NeoCon leadership), Tony Blair and the latest English PM -- just look at anyone who has had an association with the
Carlysle Group. Also, an quasi religious group (if, serving yourself and doing whatever you want can be considered a religion) called "The Family."
In 2007, Negroponte used the provisions of the Patriot Act to go to 5 of the top Financial Corporations and allowed them to bypass SEC rules, so that
they could go beyond 12x leverage and up to 40 -- perhaps 80. For God, Country, and your own pocket -- it was probably an easy sell. All but Goldman
Sacks is under now -- but the executives were not harmed.
Fundamentally, what Thomas Jefferson was warning about with private banks (and he is my patron saint in my book -- the world was a better place
because of this one man), is that -- unless someone can explain this to me -- they are designed for failure. The PEOPLE always back the currency --
not the banks. As we can see with this bailout. A bank can use leverage (create money by lending more than they have on deposit -- called
"factoring") and can charge interest. Now, the same dollar can get more work done, by changing hands at a faster rate -- called the "velocity of
money." So for a time, computers and massive bubble trades have kept the game going. But a private bank cannot keep functioning and making a profit,
without creating more debt. Someone has to take out a loan for $10 for every $1 a bank gets. Creating a debt of $9. Where does that money come from,
except from adding to an imaginary shadow economy of debt? I do not see any way, that our financial system CAN keep working forever -- it has to
eventually collapse and make all money worthless -- or, something worse can happen.
Well, something worse is going on. The world funds the US lifestyle by buying $2 Billion in debt per day. They have to keep doing this -- or their
previous investment goes away. Even if the US cannot repay them and never will -- they cannot get off this treadmill, or their financial systems
collapse. Much more, when the US got off the Gold Standard, and kind of became the default currency for trading Oil -- we have a new standard that
might be backing our currency; the ability to launch Nuclear Missiles -- our military itself may be the "value" that backs the dollar, and this is
tolerated by the world with 720 military bases because it is the status quo and anything else is anarchy. If China does not buy US debt, they all of a
sudden have at least 20% of the population out of work and perhaps starving (because they need our food). That might lead to a revolution.
So every country in the world is printing money -- so on balance, all the worlds currencies don't become worthless, because as the Fed prints
dollars, the German bank prints Euros. But we are reaching a divide by zero error soon. The dollar an your pocket is worth less and less.
Also, there may be a total sham in the offshore accounts that buy our debt. It may be some group from the US orchestrating financial collapses because
they have money to do it -- they make the money. All financial systems are collapsing and they are solving the problem, by using guarantees of money
from Citizens to the financial institutions -- there is not enough money in the world to do this - or should I say "value." Because the shadow
economy of debt that will never be paid is growing exponentially. It is all about keeping track, and keeping the illusion of value to keep everyone
If the PTB setting up a NWO on THEIR Currency, are allowed to trade their phony money for ours, they will keep the Bank sham going, and we will never
see the balance sheets or the end of our debt. The only solution is Banks controlled by the people. They will just keep track of our debt, and the
imaginary debt can grow forever.
What we can do, is to become self-sufficient, and create our own supporting communities. If we cannot have our own currency -- perhaps precious
metals, then it would take barter. The BEST result of the collapse, is to make money worthless -- super inflation. Because then everything stolen will
have no power. Our debts won't matter, either. Labor and THINGS then become valuable because the robber barons still need to eat, and have others do
things for them - but all they will have is worthless money. I guess this is a bit more radical, than prudent oversight -- but ultimately, the only
thing that will allow Labor to be valued again.