posted on Jan, 12 2010 @ 02:29 AM
Its an inarguable fact that this nation has been hijacked by Wall Street lobbyists, the transnational bankers, the pharmaceuticals, the military
industrial complex, the defense contractors and Zionist lobbyists. Well, maybe it's not inarguable, but please don't waste your typing trying to
argue it in this thread. You might as well stop reading if you don't hold at least most of those things as true.
Its also an inarguable fact that our house-of-cards economy has some serious instabilities. Because of the toxic sub-prime "mortgage backed
securities" bundles that were in turn insured and secured by "credit default swaps", the house-of-cards was made infinitely more vulnerable to
toppling. We were very close to this actually happening in '08, whether you want to believe it or not.
The mortgage backed securities derivatives were stupid enough, only created as a way to make really shaky investing have a AAA rating. On their own,
the defaults would have crippled a lot of big banks, and that wouldn't have been such a big deal. Life would have moved on.
But then all the mortgage backed securities derivatives were loss insured (credit default swaps) by thousands of brokerages, banks, and other
lending institutions. Basically, because the risky derivatives that looked AAA were starting to tank, and there were literally trillions sold in these
Even more stupidly, with no oversight or regulation whatsoever, it is legal to buy these loss-insurance credit default swaps without ever
actually holding the derivatives that you were insuring. So basically, its like buying life insurance on somebody else for a million bucks (more like
a cancer patient in this case) and hoping they die soon so you can collect. It's like buying put options on sub-prime mortgages that you knew were
going to fail anyway. So of course trillions were sold, and with more lack of regulation or oversight, it was legal for brokers to sell these credit
default swaps without having to have the money (or proof of the money) to back them up!
Not only is that literally the definition of a Ponzi scheme, but it's a very unstable one at that. Because the defaults on the sub prime packages
were causing massive losses, not only did it screw up investors and cause real estate lenders and banks to go bankrupt, but it would have caused all
the brokers who sold the insurance to go bankrupt too. A never ending domino collapse that could have destroyed the whole country's economy.
Now, don't get me wrong, I am not a fan of the bailout, but once you really investigate the things I have mentioned, you will realize that without
some form of bailout, our economy would have collapsed already. It wasn't just an option of letting the weaker banks collapse. Because of the credit
default swaps, the weaker banks collapsing would have directly caused the other brokers and banks to collapse, because most of them didn't
even have the money to pay out. It's all a scam.
Also, don't get me wrong, the bailout didn't actually fix anything. All it did is exasperate the problem. It propped up the house of cards so that
it couldn't fall over, but that doesn't change the fact that it's a house of cards, and getting weaker by the day.
Really all the bailout did is delay the collapse long enough that investors, the bankers, the pharmaceuticals and especially the military contractors
would be able to loot the treasury for a few more years. Like Max Keiser said, the bailout was just handing matches to the arsonists. Wall street
literally held the American public ransom, and we handed them over a blank check.
But the financial problems of our country go far deeper. The baby boomers getting ready to retire will bankrupt the already defunct Social Security
program even more. The dollar is losing value on many fronts, daily. 40 out of 50 states are almost bankrupt. Huge deficits. Our federal government is
damn near bankrupt.
Unemployment through the roof, and those unemployed are now receiving billions in money from the government, as opposed to paying taxes into the
The wars in Afghanistan and Iraq are making billions for contractors, but spending trillions from the "treasury".
Any jump in oil prices would cripple the economy even more.
But most importantly, the commercial real estate bubble hasn't officially popped. Once the lenders start to declare banko, it will be the second
Only this time, the public will have less confidence. Interest rates can't possibly be lowered any more. More money printed up will just water down
the system even more, causing hyper-inflation and making the problem worse.
Basically, we're screwed. It's just a matter of time. They can cook the books and delay it for a while longer, so they can pilfer the coffers some
more, but it's just a matter of time. They know that.
But what if there's an easy way out? Remember that $2,300,000,000 of defense funds were found unaccounted for on 9/10/2001? After the next day,
everybody had forgot. Nobody even cared.
So, I think they might pull something like this again. Right before the 2nd wave of collapse hits (remember they can control when it hits, but it's
still inevitable), they might detonate a nuclear false flag or something.
Sure, this would collapse the economy also.. But that was going to happen anyway. The more important thing for them would be that the public would
still have faith in the current system. The public would think that the nuclear blast caused the collapse, not the failing system itself.
That means that they would have a chance to keep the power hierarchy intact for the future, not to mention the profits made by the defense contractors
and the massive expansion of the military industrial complex that would ensue.
Our country would be able to save face and play the victim card for the future.
Not to mention, a nuclear false flag would be the perfect excuse to launch a full scale strike in Iran, which is something that the Zionists have been
Really it seems like another false flag could be the solution to all of their problems, or as good of a solution as they're going to get, anyway.
What do you all think?
[edit on 12-1-2010 by seattletruth]