Robbing The Poor ...... To Give To The Rich Who Made Them Poor
ROBBING THE POOR ...
... TO GIVE TO THE RICH WHO MADE THEM POOR
Hello all ...
It has been a week when financial statements, announcements and debates have been coming from all angles in the United States and Europe - and it's all been irrelevant garbage.
Mainstream economic 'experts' and 'correspondents', most of whom are clueless about how the financial system really works, have pored over speeches by Obama, budget cuts, inflation figures, unemployment figures, interest rates, bailing out Spain, and all the goddam rest, and not one of them has any idea what is actually going on or what the hell they are talking about.
It is the same with the excuses-for-journalists, except for rare exceptions like the excellent Matt Taibbi who wrote a superb article for Rolling Stone magazine exposing the beyond-staggering levels of corruption that are daily life for the banking cartel and the government departments that fawn and cap-touch to the very people they are supposed to be overseeing.
The real story goes like this. The Global Cabal have their agents and advocates in government, the Treasury departments, the so-called financial 'regulation' agencies and, of course, they own the banking and financial system.
So they control all the positions necessary to control the 'game' and make sure they win at the peoples' expense. We are seeing a plan going way back passing through its various stages, step-by-step, while the mainstream media report each step in isolation from all the others.
Greenspan - chief architect
Throughout the 1980s and 90s and through to the crash in September 2008, the chairmen of the privately-owned (Cabal-owned) Federal Reserve, the 'US' central bank, were Alan Greenspan (Rothschild Zionist) and Bernard Bernanke (Rothschild Zionist), who remains to this day.
Greenspan set about his task through the administrations of Bush-Reagan, Father Bush, Bill Clinton and Boy Bush to delete the checks and balances, otherwise known as 'regulation', which firewalled the system to some extent from the worst consequences of unrestrained greed and corruption running riot.
He was supported in this by all those presidents and 'their' choices for Treasury Secretary, not least Larry Summers (Rothschild Zionist) and Robert Rubin (Rothschild Zionist) who held the post during Bill Clinton's reign and deregulated at every opportunity in league with Greenspan. The script was unfolding with its inevitable and disastrous outcome.
It was the same story with a Rubin protégé called Timothy Geithner (Rothschild Zionist) who joined the deregulation frenzy when he became president of the Federal Reserve Bank of New York, the most influential in the Fed's private network. Obama later chose the same Geithner and Summers to 'solve the banking crisis' they had done so much to cause
Geithner and Summers.
'You just dropped a billion, Larry.'
'Loose change, Timothy, loose change.'
At the same time, with the ring fences pretty much gone in the financial industry, the salivating smart suits were unleashed with a bonus for every mortgage and other deal they got someone to sign up to. The 'client' did not need to have the money necessary - they just needed to sign for the bonus tills to ching.
'You wanna house, but got no money? No problem, sign here.' Ching, ching.
The banks then sold off many of these debts, which they knew were bound to default, but gave them a triple-A rating, in other words they said it was a couldn't-fail investment. This is a blatant fraud, but these heartless, soulless purveyors of greed and mendacity have not seen the inside of a courtroom, let alone a jail cell. Instead, they have walked away with billions personally and trillions collectively - and we pick up the tab.
Much of this toxic debt was sold was to pension funds looking after the investments and retirement pensions of the 'little people', or the unwashed masses as these parasites see them. They knew what they were doing, but they don't give a damn.
Only one man has been jailed in the wake of the 2008 crash and that was Bernie Madoff (Rothschild Zionist) who stole billions in a Ponzi scheme which, as he said himself, the banks he worked with must have known all about.
The reason he was jailed, as one commentator rightly said this week, is that he made the mistake of stealing from the rich. Do it to the poor and middle class and you don't go to jail - you get an enormous bonus.
Dick Fuld (Rothschild Zionist), the Chairman and Chief Executive Officer of Lehman Brothers at the time of its collapse, walked away with half a billion dollars, and others who were fundamentally responsible for the banking crisis picked up hundreds of millions in 'compensation' while their victims lost their homes and their pensions.
None of them faced charges for their blatant corruption because the banks have their people in the key positions in the government's financial law and investigation departments and many of these government 'regulators' end up working later for the very banks they decided not to prosecute.
The crash of 2008 was planned for decades to be the most fundamental transfer of wealth from poor to rich in known human history with the debts of the rich going the other way to the masses.
They did this by having their placemen in government decide that the only way to respond to the engineered crisis was to have the taxpayers bailout the banks and take responsibility for their debts.
Who was US Treasury Secretary in the last months of Boy Bush who said the banks must be bailed out? Henry 'Hank' Paulson, who was, until two years earlier, the CEO of Goldman Sachs, a major beneficiary of Paulson's bailout.
Who was US Treasury Secretary and Director of the White House National Economic Council after Obama came in and the banks were 'bailed out' even more? Timothy Geithner and Larry Summers, two of the architects of the crash.
It was 'taxi for Mr Greenspan' when the Fed chairman knew that the consequences of his actions over decades were getting close and in came his gofer-to-this-day, Bernard Bernanke, to team up with Paulson and then Geithner and Summers to impose the solution to Greenspan's manufactured problem.
This 'solution' was to hand trillions to the banking and financial system and others through what they called the Troubled Asset Relief Program (TARP). There was no accountability with regards to where it went and in what amounts.
But now, at last, the Federal Reserve has been forced to open its books and answer the question that it has steadfastly and arrogantly refused to reveal - where did the bailout money go?
Already it is clear that these fantastic sums of taxpayer money did not even go only to American banks and institutions. As Matt Taibbi wrote in his Rolling Stone article:
'The Fed sent billions in bailout aid to banks in places like Mexico, Bahrain and Bavaria, billions more to a spate of Japanese car companies, more than $2 trillion in loans each to Citigroup and Morgan Stanley, and billions more to a string of lesser millionaires and billionaires with Cayman Islands addresses. "Our jaws are literally dropping as we're reading this," says Warren Gunnels, an aide to Sen. Bernie Sanders of Vermont. "Every one of these transactions is outrageous"...
... thanks to a whole galaxy of obscure, acronym-laden bailout programs, it eventually rivaled the "official" budget in size - a huge roaring river of cash flowing out of the Federal Reserve to destinations neither chosen by the president nor reviewed by Congress, but instead handed out by fiat by unelected Fed officials using a seemingly nonsensical and apparently unknowable methodology.'
As Taibbi says, it is like 'someone sat down and made a list of every individual on earth who actually did not need emergency financial assistance from the United States government, and then handed them the keys to the public treasure'.
This included $35 billion in Fed loans to the Arab Banking Corporation of Bahrain at interest rates as low as a quarter of one per cent - and 59 percent of that bank is owned by Colonel Gaddafi's Central Bank of Libya.
What's more, the American government is borrowing money back from the Middle East at interest rates of three per cent. This is insane on first hearing, but not, as I have been saying for all these years, that the plan is to bankrupt America and bring it under the control of a world government and central bank.
Taibbi highlights one 'bailout' in particular in which a company called Waterfall TALF Opportunity was given nine low-interest 'loans' totalling nearly a quarter of a billion dollars. This was very good news for two of its main investors, Christy Mack and Susan Karches.