The banksters, with the aid of the US TREASURY set up the framework for the FINANCIAL COLLAPSE

Originally posted by neo96
The cause of the financial crisis was because of Clinton's end of Glass-Stegall. and government manipulation of mortgage derivatives, by fanny and freddy, while congressman where clearly aware of the situation said nothing to see here folks.

Oh my bad, them evil banksters !

Off with their stock options.

Evil Bankers would be correct.
What do you have to say when 13 Bankers can call the shots in our Government when it comes to protecting the US citizens Money?

In 1994, well before this financial crisis hit, Brooksley Born tried to regulate (defensive measures) OTC Derivatives and the Bankers piled into Summers office and told him who is Boss. Because of her actions, she was ridiculed in the media and resigned from her position.

"I walk into Brooksley's office one day; the blood has drained from her face," says Michael Greenberger, a former top official at the CFTC who worked closely with Born. "She's hanging up the telephone; she says to me: 'That was [former Assistant Treasury Secretary] Larry Summers. He says, "You're going to cause the worst financial crisis since the end of World War II."... [He says he has] 13 bankers in his office who informed him of this. Stop, right away. No more.'"

www.pbs.org...

I bet your the type though that would say we have to regulate the world economy with our military so its comes out in the top .1% favor, because they are sure as hell not defending our borders but defending the interests of multinational corporations and central bankers.

reply to post by jacobe001


It is not the 'US citizens' money it is the US government's money, the FEDERAL RESERVES's money,

Sick and tired of arguing over this nonsense.

reply to post by FortAnthem

Your avatar makes it very difficult to read your post I am having trouble focusing

Originally posted by neo96
reply to post by jacobe001

 

It is not the 'US citizens' money it is the US government's money, the FEDERAL RESERVES's money,

Sick and tired of arguing over this nonsense.

Money is stolen from me in the form of TAXES to the Federal Government for my productivity and labor in order to go murder people around the world or crap on other countries or to prop up their Banker and Corporate Cronies.
We have a Government that is not working for the best interests nor representative of the people of this nation but for the Banksters and Top CEO's that run it for their own evil ends. That is Theft!

the trouble with our economy?
well..its held up by the fed, the MSM and toothpicks....thats it

reply to post by FortAnthem

This thread is great and important, but just by the way, your moving cat gif avatar isn’t funny but simply silly and distracting from the info presented. Sorry.

Originally posted by gladtobehere
reply to post by FortAnthem

 

Actually deregulation isnt the problem.

As a matter of fact, BIG business loves rules and regulations. It ensures that the smaller penniless start ups have a much smaller chance of competing since they dont have the $ or the structure to comply with the seemingly never ending laws.

The real problem is crony capitalism. Not the free market.

See, we dont have a free market in the US, nor anywhere else. We have crony capitalism or a an elite form of socialism/welfare.

If a BIG business fails, ESPECIALLY a bank, government will come running to their rescue at the expense of the tax payer or in the case of the "Federal Reserve's" bail outs, at the expense of our dollar's value.

In order to truly end the "problem", we need a real free market system, where these mega corporations, just like every other business, would be allowed to fail.

Once it was known that government would not bail them out, they would IMMEDIATELY stop any unnecessary risks/gambling.

edit on 23-8-2013 by gladtobehere because: (no reason given)

While I'm all for your point about crony capitalism, I don't believe a cessation of bail outs would actually stop risks. If a company takes a risk and makes a short term profit on it, the people at the top of the bank walk away with millions in bonuses. If that risk later shuts the entire bank down, those managers still have their bonuses, their salary, and severance options. We have an innate flaw with our concept of the corporation. It allows for individual profit without individual responsibility and that leads to risky behavior in these large financial institutions. The fact that these banks are more powerful than most nations on the planet just makes the problem that much worse. While we need a lack of bailouts no politician wants to be the one to go down in history as the one that caused a worldwide depression.

This is the best way to treat any banker:

Yep, I've been fighting big government for 44 years....nowadays I get my money back with my forex " London Open " system....to the tune of 3% per day and somedays...16% or more....like ringing a bell. I suppose it will stop soon.

This problems is a huge tangled mess. China fought for years to get "most favored nation trading status" and all that money they are making selling us crap and military computer parts. Clinton gave the Chinese the technology to pinpoint target us with their missiles. So, they compete with us via their government funded businesses, and all that money gets put into their military because they pay slave wages and work their people to death.

American companies with all the regulations to function to manufacture could not compete against China and pushed for GATT and NAFTA so they could move their operations off-shore and use cheap labor. As a hypothetical example:

Company A overhead to be in proper standing with EPA and Labor laws hourly costs of operating is $100,000.00 to produce X widgets.

If that company moves to a country without all those laws, they drop their operating costs down to $10,000.00 an hour and compete with businesses operating in that kind of environment.

Now, add on the fact that these countries put tariffs on American goods or require so much of their agricultural product with our product keep us out of their market. This was done with rice in China. Our rice is actually preferred, but they required a percentage of theirs to be in with ours.

Now, NAFTA and GATT were sold to us as a way for us to get quality goods at lower costs. I remember all the talk about tomatoes for God's sake. How we were paying $3.00 for 4 tomatoes grown in America and how we could get a whole basket of them for that under NAFTA. Well, all the tomato farms went out of business here in Florida and when I go to the store I am paying just as much or more for foreign grown tomatoes that have no health and safety program and all kinds of disallowed pesticides used on them.

The huge corporations are raking in the bucks, and not passing the savings on to Americans. We have lost MILLIONS of manufacturing jobs to overseas companies and their cheap labor and lack of environmental regulations.

The government has grown immensely these last 3 decades, and where is that money coming from to pay for all these jobs? When I was in college in the 80's we were told that private sector was where you went to make the big money but it had risks, and if you did not like risk then go work for the government and make less but get great perks like insurance and paid vacations. Well, now they make more in the government sector, have amazing perks and huge vacation benefits.

This mess was created by big government and big business. It was created by playing the "Global Economy" game. When I lived in Greece, an American could only own up to 49% of any business in Greece. Yet, in America anyone can own a business 100%! I think we have fair trade. Meaning if your country wants to put an 80% tariff on American goods, then we put an 80% tariff on your countries goods.

Then we can talk about the "value" of the currency and how countries play their little games to devalue their money to make our goods more expensive to buy there. We all do it.

I haven't even brought up the issue of getting countries into political turmoil and offering America assistance to save them, IF they allow a central bank and taxing system tied to the IMF. That they WILL take out 50 billion in infrastructure loans from those banks and THEY WILL hire American companies like Halliburton to do the work.

Then when they can't pay back the loan, we ask for their resources. Oh, China and Russia do this as well. The problem is so convoluted and the people of the world are being destroyed for these robber barons.

I really don't know any solutions that would be legal. You see, everything they have done has been legal. They have gotten laws written to allow all this. So, are we just going to rise up and kill them? WE ALLOWED IT.

Hitler came to power legally. He did everything he did LEGALLY.

We can make the changes legally, but I guarantee you that the moment we put the cookie jar away, they will start the biggest world war you have ever seen, because they will punish us, kill us, and show us who is boss.

If we truly had a free press there would have been wall to wall coverage of this. Which of course is not lost on anyone here. You know, I keep picturing the news the day of and for weeks after 911 and ....never mind.

It's not even worth wasting my breathe. This is business as usual and has been for some time. I was even starting to think maybe at the very least i can provide some level of sane argument to all the government trolls on sites like this. Kind of a counter balance....eh but who am I anyway and what good will it do? *sigh*

They win because they have trillions of fake currency to railroad any real truth movement and the citizens of earth don't have the motts to stand up for themselves.