SLAM. Slam. Slam. Slam. Like a scene from a gathering of Mafia dons, the doors of 30 black Lincolns slammed shut as their besuited occupants stepped out into a Manhattan downpour – and into a global financial storm.
That storm broke yesterday, with stock markets tumbling around the world. In London, the FTSE 100 plunged almost 4 per cent to 5204.2. Scotland’s banking giants were among the biggest victims. HBOS slumped 17.5 per cent; Royal Bank of Scotland lost 12.2 per cent. In the US, the Dow Jones industrial average suffered its biggest fall since 9/11.
The collapse effectively began at 6pm last Friday. The place: the offices of the New York Federal Reserve. The occasion: an emergency meeting of the most powerful figures in American banking and finance aimed at staving off a massive bank collapse.
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Those who stepped from their limousines to be present included Richard Fuld, the chairman and chief executive of Lehman Brothers; John Mack, the head of Morgan Stanley; Jamie Dimon, of JP Morgan Chase; Vikram Pandit, of Citigroup; Lloyd Blankfein, of Goldman Sachs; Bob Diamond, the head of Barclays Capital; and senior representatives from Mellon Bank and Royal Bank of Scotland.
“We are the biggest overseas bank in America”, explained an RBS spokeswoman. “There was an ‘all points bulletin’ from the Fed and they called us in”.
Awaiting them along one side of the boardroom table was the United States Federal Reserve chairman, Ben Bernanke – nicknamed Helicopter Ben for having slashed interest rates and showered Wall Street with money earlier this year to avoid the very disaster that was about to unfold.
Flanking him was Hank Paulson, the US treasury secretary, and Tom Geithner, chairman of the New York Fed. It was Geithner who opened the meeting – and presented Wall Street’s finest with the fright of their lives.
September 16th, 2008 at 4:54 am
TIME WE DID MORE THAN JUST TALK…
http://www.youtube.com/watch?v=XbrNSOxwXOM
September 16th, 2008 at 6:17 am
take the money and run,plant potatoes and put down a well,cause this old planet ,is going to hell.
September 16th, 2008 at 6:36 am
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September 16th, 2008 at 7:03 am
No big deal, it’s all part of the master plan to bankrupt the USA’s economy, devalue the dollar to nearly “0″, and then make the case to install the AMERO. Our sovereignty will be lost, the Constitution and the Bill of Rights will be reduced to only the paper it”s written on, and john q public will be disarmed and have no recourse to address their grievance’s. Welcome to the “New World Order”, designed and implemented by the Council of Foreign Relations. Have a nice day.
September 16th, 2008 at 8:26 am
Its funny how after attending Bilderberg 08, Tom McKillop, the RBS chairman, announced on June 16th that there would be a major collapse within 3 months. Right to the very day!
September 16th, 2008 at 8:44 am
After the Masters of the Universe wreck everything they will buy up assets cheap. Like in
the Great Depression. I saw Old Man Kennedy made a Fortune back then.
You can’t beat inside information. Thomas Jefferson talks about how the Banker Boys
can destroy things it is quite easy.
September 16th, 2008 at 8:50 am
Buy GUNS AMMO and food. im serious people get with the program time to be more than keypad revolutionaries get ready cause its coming faster than you could imagine listen to jack mc lamb on http://www.gcnlive.com new troops in northern idaho from asia. 100k people there now in uniform. itsa coming.
September 16th, 2008 at 9:44 am
Lead and gold.Heavy metal – give it to them when they come to take you, ‘cuz otherwise you won’t be heard from again, enemy combatant/terrorist/freedom fighter you.
September 16th, 2008 at 9:54 am
America does what its Jewish Banking Gods tell it to do. Even if the order is commit suicide.
On a bright note it will be the end of the United States. Every cloud has a silver lining.
Id be happy to go through a depression to see the end of the US. I would die happy!!!
September 16th, 2008 at 10:22 am
Asian troops in northern Idaho? I should call my sister and ask her. But, she’ll just laugh and say: “Gotta go. The baby’s waking up.” Is there a link to this story, other than listening to the McLamb broadcast?
September 16th, 2008 at 10:45 am
Why even act surprised?
You are checking out the information on this website for a reason.
You already know.
September 16th, 2008 at 10:48 am
“Fortunately, the modern holders of power are not yet quite aware how much they can do if they chose, but when this knowledge dawns upon them a new era in human tyranny is to be expected.”
Bertrand Russell (1931)
September 16th, 2008 at 10:58 am
My brothers and sisters it may be part of there plan to bankrupt the US, but when that does happen it will be our chance to take back the country. For a short time they will be powerless and at that moment we must act!!! WE MUST UNITE AS ONE AND TAKE BACK THE COUNTRY AND MAKE THINGS AS THEY SHOULD BE!! WE NEED TO GIVE THE POWER BACK TO THE PEOPLE!! THOSE OF US THAT KNOW WHAT IS GOING ON MUST BE READY TO DO WHAT IT TAKES (IN A POSITIVE MANNER) TO OPEN THE REST OF THERE EYES. We must do this in a positive way or we will be just like them, I dont know about any of you but after all the shit they put humantiy through I refuse to stup to there level!! Everything we do must be done with PEACE, LOVE, UNITY AND LIGHT IN OUR HEARTS. Have any of you heard of NESARA OR GESARA: http://www.nesara.us/pages/home.html
IT’S UP TO US, GOD HELPS THOSE WHO HELP THEMSELVES
September 16th, 2008 at 11:17 am
Forget ameros, folks – after they’re done with this one they won’t need cash anymore – it’ll be all digital money very soon…
September 16th, 2008 at 11:24 am
A tiny clarification in your article, the reason we are in this situation in the first place IS rampant INFLATION, which devalues the dollar. Quick and easy money dumped on markets allows banks to spread and grow (think weeds after a rainstorm). People spend like crazy and markets balloon without reason. While the WEAK and IGNORANT spend, the rich INVEST and PROFIT off this. You said that earlier in the year they had tried to avoid this situation now by further inflating the money supply … you are 100% wrong! All they were doing was pouring lighter fluid on a fire and laughing as the poor (banks included) spend themselves into insane levels of debt. They were NOT trying to avoid this situation. This situation is making them very rich in assets as they gobble up banks.
September 16th, 2008 at 12:04 pm
It’s time for people in masses to start lobbying their local congressman with Larouche PAC’s Homeowners and Bank Protection Act.
http://larouchepac.com/hbpa
I also recommend sending DVDs or the link to the movie to people of LPAC’s movie “Firewall in Defense of the Nation State” I havn’t seen a more detailed movie yet, in regards to the true state of our economy, and how it copies Wiemar Germany’s hyperinflation.
http://larouchepac.com/firewall
And for additional information on the American System of Economics as proposed by Alexander Hamilton, carried out by Abraham Lincoln and Henry C. Carey, and later FDR during the Great Depression I recommend “1932: Speak not of Parties… But of Universal Principles” on the LPAC website too.
And the Harvard Yard is yet another movie by the members of LPAC about the subversion of the American educational institution, dating back to the Revolution itself. Harvard was the 1st university of the 13 colonies, so naturally just as it is on here, and today, it was then too… an info war, and the destruction of our education contributes to that.
and heres a new 12 min film from LPAC with background information on the California budget crisis and who is behind the whole thing…
http://larouchepac.com/news/20…..risis.html
September 16th, 2008 at 1:20 pm
I seem to recall PP telling us of this great collapse last year – yet agin Alex has got it right.
Cant be long now before the stupid Global Warmers and the real murderer’s of 911 are brought to account.
James
September 16th, 2008 at 9:39 pm
I heard that some company is building like 107.000 rail cars each with 143 sets of shackles and they plan on putting 15,000,000 Americans in them after they take us over after Bush declares Martial Law, or something to that extent. The rail company was supposed to be in Oregon. I’m still kind of sketchy on it, has anyone else heard this? Do they really think the citizens of this country are that freakin’ stupid and they won’t fight to the end to save their own butts? Are the Bush’s that far off their rockers?
September 17th, 2008 at 9:09 am
Where is the shadow government for the shadow government. Oh wait they are much smarter to not be shown to general population. Only the dumb ones are the criminals. Watch out Bush friends you have enemy that is going to take you when the time is right. I am not worried about NWO.
September 17th, 2008 at 2:53 pm
Just WHO THE HELL IS HELD ACCOUNTABLE if not the Principle executives who’s criminal mismanagement of their companies results in the greatest shame and disasters for their shareholders. employees, customers and the public economy?
Are we to blame ‘external causes’ or shoplifting or after hours looting by the cleaning staff or managers who forgot to lock the doors at closing times??
Just how do luncheoning presidents. chairmen and board members end up being allowed to just walk out with billions worth of salaries, bonuses, pensions and shares after being the very drunken, irresponsible sleeping pilots and navigators who crashed the enterprises they were charged with the responsibility to run?
Just why can’t citizens get free government subsidized healthcare when corporations all have it?