 |
Scams And Bailouts The Cause of World Depression
Bob Chapman
International Forecaster
Thursday, July 23, 2009
The US Illuminists are gambling big. This is the most dangerous part of their strategy, namely, how to take down America and the dollar without destroying themselves in the process, both financially and politically. They are going to get smoked. Even now the stock, bond and commodities markets are spiraling out of their control, and their new outrageous salaries and bonuses are about to be debauched as they are left holding the bag with huge positions in dollar-denominated paper assets. They will try to dump this paper without sending gold and silver on a moon-shot, but they are doomed to failure. The amounts of paper assets and debt are simply too massive, and the commodities markets and other tangible assets are too small to absorb these gargantuan sums of money and credit without exploding to the upside. Just keep buying gold, silver and their related shares on the dips, and you just can’t lose in the long term. The trend is your friend. Gold and silver are trending up, and stocks, bonds and derivatives are trending down – way down!!!
About two months ago our sources informed us that the US government had begun sending large amounts of cash to embassies throughout the world to be exchanged for local currency. We have had a number of reports that this in fact has been the case.
Having been involved in counterintelligence and for some 50 years in economics and finance, I believe this is a precursor to problems centered around the US dollar.
It was just a few months ago that the USDX was 89.5. The USDX is a dollar index, and is computed by using a trade-weighted geometric average of six currencies and their weights are: the euro 57.6%; the Japanese yen 13.6%; the British pound 11.9%; the Canadian dollar 9.1%; the Swedish Korona 4.2% and the Swiss franc 3.6%.
We recommended the sale of the dollar at 89.5. It recently closed at 79.5.
We believe that between now and the end of October that the USDX could fall to 71.18, its former low of 18-months ago. At that time a number of businesses outside the US were refusing to take US dollars and we believe that will happen again, and that is what the Treasury Department is anticipating and the reason for sending the cash to the embassies for conversion to local currencies.
We also believe these events could precipitate a short bank holiday in the US due to disruption of capital flows in and out of the US and concern if not panic in the US banking community. We also believe the government will use such events as a trial run for a future major banking shutdown. They will be interested in the public’s reaction as a precursor to what might happen in the future if there were a major banking shutdown.
Americans are well aware of the Madoff scandal, but procedures used in his conviction leave many unanswered questions.
Conspiracy charges were never brought against Mr. Madoff. We had information we published just prior to the story breaking of what Mr. Madoff had been doing. Our contacts not only gave us the story, but details of how the funds were transferred from NYC to Israel and other offshore locations, such as the Cayman Islands, Belize and Switzerland. There were many wire transfers and also the physical transfer of bearer bonds to these locations.
(ARTICLE CONTINUES BELOW)
What was interesting was Mr. Madoff’s association with veteran officers in the US military. That leads us to intelligence sources that have told us that Mr. Madoff was operating his scheme with elements of the CIA, the Russian-Israeli mafia and the Mossad. This would explain Mr. Madoff’s closed trial.
A number of banks were used in the operation. The Israeli Discount Bank, Bank Leumi, Bank of New York, Chase and Citibank’s private banking facility.
There is no question funds were being used by government agencies just as were those of AIG.
For his efforts Mr. Madoff received 150 years in prison, a ludicrous sentence under the circumstances. The nature of his trial was unusual. No media coverage, no attempt to charge any co-conspirators and no effort that we are aware of to recover funds, except for a billion here and a billion there. You don’t run a scheme like this out of your back pocket. Many on Wall Street knew what was going on and scores of others were involved. In the case of following the money all the court has to do is check with the NY Federal Reserve and the Treasury Department, both of which have access to every money wire out of his company and the banks he used. That would be too easy or is the avenue deliberately not being pursued. Then there is the case of the SEC, which knew for years a scam was being perpetrated. They were served up proof positive of a scam and did nothing to stop it. That tells us higher up in government they were told hands off, look the other way. The whole episode stinks, just like BCCI, Iran-Contra and Nugan-Hand, all CIA scam operations.
Mr. Madoff was convicted on 11 criminal charges – none of which included conspiracy. In other words, who assisted you in your criminal acts? Strangely the court had no interest in uncovering who else was involved. Thus far only a few billion dollars have been recovered.
The only reason Mr. Madoff turned himself in and pleaded guilty to all 11 counts of criminal activity was to protect his co-conspirators by not having to testify and government willingly allowed that. Mr. Madoff kept insisting he acted alone. After 28 years on Wall Street we ca hardly believe that. None of his family was charger, yet they had to know what was going on.
There are just too many unanswered questions that government and Wall Street have been all too willing to sweep under the rug.
THE GOLDMAN SCAM:
There is absolutely no question that Goldman Sachs is a criminal enterprise and that they have co-opted our government.
We believe that they have been involved in massive unlawful activity using a program that may have been given to them by the government. The program is a major front running device that capitalized in picking up trades by snipping them out in nanoseconds and opportuning the system with a program no one else has. The Street has been and is furious that the media, regulators and our duly elected are not even discussing what could be the second biggest scam and abuse of our times. The biggest is the suppression of gold and silver prices.
Worse yet, few people realize that exchanges actually pay firms to trade against order flow when they act as a “supplementary liquidity provider.” Exchanges pay firms ¼ of a penny if they provide liquidity when an order appears in the system. This is an extra incentive to front run order flows. Can you imagine that this is a policy of the NYSE, led by the pirates at Goldman Sachs?
During the past two weeks, since these revelations, we have heard nothing from the SEC and their course of action. If something is not done nobody in their right mind would want to trade on our markets again.
If there is, as we suspect there is wrongdoing, this scam is bigger than Madoff and Stanford combined. Due to the position that the NYSE allowed Goldman to be placed in, they have a virtual monopoly on the NYSE’s Supplemental Liquidity 2 Provider Program.
It is Nasdaq’s view; these irregularities reveal that the NYSE’s true motivation for these SLP operations is to discriminate among its members and to burden some member’s ability to compete with the NYSE. This is as sinister as it gets.
We spent 28 years on Wall Street and we know that when a firm has an 87.5% trading accuracy record, something unnatural is going on. That is Goldman Sachs followed by JPMorgan Chase and Citigroup.
It was only six months ago Goldman received $10 billion from the US Treasury and relied on government guarantees to issue debt. This, in part, was how such enormous profits were made, up 64% year-on-year. As well, the government, via the Fed, stepped in and had the taxpayers pay $13 billion of AIG debt to Goldman, their part of a $105.4 billion rescue. This program has allowed Goldman to make record profits in the middle of a depression, some $27 billion a year.
As usual the media refuses to dig in and get the story we and a few others have dug up. Nor, as expected, has the SEC done anything.
The cat got out of the bag with the arrest of Russian-American programmer Sargey Aleynikov, by Goldman and the FBI. Goldman contends Aleynikov tried to steal Goldman’s secret code, which would unlock Goldman’s method of front running stocks, and commodity trades.
What is really important about this arrest is that Goldman said, ”There is a danger that someone who knew how to use this program could use it to manipulate markets in unfair ways.” We ask, is that what Goldman was doing?
Goldman has been able to read data on trades before they are committed. They place their buys and sells according to that nanosecond, thus, allowing them to essentially steal boatloads of money every day from traders and others worldwide. Goldman has been able to front run any transaction, stealing pennies in each transaction.
Will Goldman continue to steal from the public, or will they be forced to abandon the program, which would allow markets to return to normal? A curtailment of this program could put a major crimp in the market manipulations of the US government via the “Working Group on Financial Markets.”
In addition, why does Goldman have a federal exemption for VaR Calculations? They are using the Fed Board’s Market Risk rules used for state member banks and bank holding companies and the risk based capital rules. It seems some are more equal then others.
We might add that Goldman is the major force behind CAP and Trade legislation, the carbon market scam that will enable them to make billions trading. Goldman owns 19% of the Chicago Climate Exchange. CCX is also 10% owned by Generation management, a firm founded and chaired by Al Gore and co-founded by Goldman’s ex-CEO Hank Paulson. Passage of this legislation will lead to a 20% tax increase for every American taxpayer.
There is no genius in what Goldman Sachs has been doing. They control our government in that they were able to get the latest version of the Inslaw/PTECH/PROMIS software and front run the market including their own clients and too, at the same time, fulfill the demands of the market manipulations by the “Working Group on Financial Markets” of both stock, commodity and gold and silver markets. These people are lowlife white-collar scum. Goldman Sachs is simply a criminal enterprise as is our government.
Profits are good, but when they are supported by government guarantees or insured deposits, taxpayers have a special interest in how companies conduct their business. Goldman’s license to steal should send shivers down the backs of every hard working American who has lost a large chunk of retirement savings in this economic debacle, as well as the millions who have lost their jobs.
This administration and the previous one have done nothing to address fundamental reform of the structural problems that got us into trouble in the first place. The Fed, banking and Wall Street caused all the problems and they are supposed to be fixing them, which they are not doing. They are just further looting the system.
The WSJ thinks this is great fun and says we should impose a tax, an FDIC-style bailout tax, for those too big to fail. This is unbelievable.
It could be Goldman has stopped using its program, because the market is trading naturally or organically. The changes occurred exactly on the day the NYSE had “computer problems” and extended trading 15 minutes. We ask, was it to make configuration changes in the networking infrastructure? Did the NYSE get cold feet? Or did the treasury call and tell them to stop allowing Goldman its preferred advantage?
The way to solve this front running is to have the FBI and SEC subpoena all market exchanges and every participant who had or has equipment collocated on the NYSE infrastructure submit all operating software operating on every machine connected to the infrastructure for immediate forensic investigation to see if any participants were “sniffing” traffic and front running orders.
This is a serious matter. It is a matter of stealing from every market participant by government, the NYSE and Goldman Sachs. If we were to get a serious investigation we will find that the Treasury, the Fed, Goldman and the NYSE were involved in actions to enrich Goldman and at the same time to keep the stock market from collapsing.
Large, urban teaching hospitals – including hospitals that are the biggest engines in the Boston economy – are facing the possible loss of hundreds of millions of dollars under national healthcare reform as rural lawmakers on Capitol Hill wage a fight to win more federal cash for their local institutions.
Big hospitals affiliated with medical schools around the country receive heftier reimbursements for treating elderly patients covered by Medicare, part of a government policy that rewards them for maintaining things such as trauma centers and burn units, as well as for training future generations of doctors.
Rural members of Congress, however, angry at what they see as an unfair advantage to glitzier facilities in cities, are demanding a bigger share of the pie for smaller hospitals, which serve remote populations and often struggle to survive.
The intense competition is among the key political subplots in the debate over expanding healthcare coverage to more than 46 million Ameri cans with no insurance. Although Republicans have stronger representation in the nation’s heartland, it’s not simply a red state-blue state divide. Plenty of rural Democrats think the current system – which favors facilities such as Massachusetts General Hospital in Boston and Mount Sinai in New York – is unfair.
The FDIC Friday night Financial Follies had regulators last Friday shutting down the Temecula Valley Bank, in Temecula, California, with $1.5 billion in assets and deposits of about $1.3 billion and Vineyard Bank of Rancho Cucamonga, California with assets of $1.9 billion and $1.6 billion in deposits.
Two smaller banks were First Piedmont Bank of Winder, GA., with $115 million in assets and $109 million in deposits, and BankFirst, based in Sioux Falls, SD., with abut $275 million in assets and $254 million in deposits. That is 57 banks that have gone under this year that they admit to.
The June index of leading indicators continued to march higher as the U.S. economy has moved closer to recovery. The leading index increased 0.7%last month, after a revised 1.3% gain in May, the Conference Board reported Monday.
May’s increase was originally reported as 1.2%.
Economists surveyed by Dow Jones Newswires had expected an increase of 0.7% in the June index.
“The recession has been losing steam since the spring, although very large job losses continue,” said Ken Goldstein, economist at the Board.
Interest rate spreads, building permits, stock prices and jobless claims were among the positive contributors to the June index. Real money supply and nondefense capital goods orders were negative contributors.
The coincident index fell 0.2%in June, after a revised drop of 0.3%in May. May’s decline was first reported as 0.2%.
The lagging index dropped 0.7%in June, after a revised 0.4% decline in the prior month. The May drop was originally reported as 0.2%.
Almost a third of U.S. private colleges expect freshman enrollment to decline in the 2009-2010 school year as families struggle to pay bills and hold down debt, according to a survey.
Fourteen percent of schools surveyed from May 18 to June 19 predicted new undergraduate student enrollment would fall more than 5 percent, the National Association of Independent Colleges & Universities, a Washington trade group, said today in a statement. Forty-four percent of the schools said tuition deposits for the semester that starts in September declined from a year ago.
U.S. taxpayers may be on the hook for as much as $23.7 trillion to bail out financial companies, according to Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program.
Barofsky made the estimate in testimony prepared for a congressional hearing tomorrow.
No officer or agency of the United States shall have any authority to require the Securities and Exchange Commission, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the Federal Housing Finance Board, or the National Credit Union Administration to submit legislative recommendations, or testimony, or comments on legislation, to any officer or agency of the United States for approval, comments, or review, prior to the submission of such recommendations, testimony, or comments to the Congress if such recommendations, testimony, or comments to the Congress include a statement indicating that the views expressed therein are those of the agency submitting them and do not necessarily represent the views of the President.
U.S. taxpayers may be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, said Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program.
The Treasury’s $700 billion bank-investment program represents a fraction of all federal support to resuscitate the U.S. financial system, including $6.8 trillion in aid offered by the Federal Reserve, Barofsky said in a report released today.
“TARP has evolved into a program of unprecedented scope, scale and complexity,” Barofsky said in testimony prepared for a hearing tomorrow before the House Committee on Oversight and Government Reform.
Treasury spokesman Andrew Williams said the U.S. has spent less than $2 trillion so far and that Barofsky’s estimates are flawed because they don’t take into account assets that back those programs or fees charged to recoup some costs shouldered by taxpayers.
“These estimates of potential exposures do not provide a useful framework for evaluating the potential cost of these programs,” Williams said. “This estimate includes programs at their hypothetical maximum size, and it was never likely that the programs would be maxed out at the same time.”
Barofsky’s estimates include $2.3 trillion in programs offered by the Federal Deposit Insurance Corp., $7.4 trillion in TARP and other aid from the Treasury and $7.2 trillion in federal money for Fannie Mae, Freddie Mac, credit unions, Veterans Affairs and other federal programs.
Williams said the programs include escalating fee structures designed to make them “increasingly unattractive as financial markets normalize.” Dependence on these federal programs has begun to decline, as shown by $70 billion in TARP capital investments that has already been repaid, Williams said.
Barofsky offered criticism in a separate quarterly report of Treasury’s implementation of TARP, saying the department has “repeatedly failed to adopt recommendations” needed to provide transparency and fulfill the administration’s goal to implement TARP “with the highest degree of accountability.”
As a result, taxpayers don’t know how TARP recipients are using the money or the value of the investments, he said in the report.
“This administration promised an ‘unprecedented level’ of accountability and oversight, but as this report reveals, they are falling far short of that promise,” Representative Darrell Issa of California, the top Republican on the oversight committee, said in a statement. “The American people deserve to know how their tax dollars are being spent.”
The Treasury has spent $441 billion of TARP funds so far and has allocated $202.1 billion more for other spending, according to Barofsky. In the nine months since Congress authorized TARP, Treasury has created 12 programs involving funds that may reach almost $3 trillion, he said.
Treasury Secretary Timothy Geithner should press banks for more information on how they use the more than $200 billion the government has pumped into U.S. financial institutions, Barofsky said in a separate report.
The inspector general surveyed 360 banks that have received TARP capital, including Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. The responses, which the inspector general said it didn’t verify independently, showed that 83 percent of banks used TARP money for lending, while 43 percent used funds to add to their capital cushion and 31 percent made new investments.
Barofsky said the TARP inspector general’s office has 35 ongoing criminal and civil investigations that include suspected accounting, securities and mortgage fraud; insider trading; and tax investigations related to the abuse of TARP programs.
The largest U.S. conglomerate reported earnings on Friday that beat expectations despite a drop in revenue that was more dramatic than Wall Street had predicted. Those earnings reflected the pay-off from major cost-cutting over the past year, a greater reliance on the high-margin service business but also a sharp drop in the company’s tax rate.
Thanks to higher loss provisions at the company’s hefty GE Capital finance arm, the company’s tax rate fell to 7 percent from 16 percent a year ago, a change that helped the bottom line, but which some investors consider a sign of poor “earnings quality.”
While companies across the economy are cutting jobs, closing facilities and looking for any other ways to bring costs in line with falling revenue, some investors note there is a limit to how long companies can rely on belt-tightening to hold up their profits.
“It’s not sustainable,” said Peter Klein, senior portfolio manager at Fifth Third Asset Management, which owns GE shares. “The story of the second quarter is that a lot of companies are reporting better- than-expected earnings, but it’s coming all through the middle.”
The largest U.S. conglomerate reported earnings on Friday that beat expectations despite a drop in revenue that was more dramatic than Wall Street had predicted. Those earnings reflected the pay-off from major cost-cutting over the past year, a greater reliance on the high-margin service business but also a sharp drop in the company’s tax rate.
Thanks to higher loss provisions at the company’s hefty GE Capital finance arm, the company’s tax rate fell to 7 percent from 16 percent a year ago, a change that helped the bottom line, but which some investors consider a sign of poor “earnings quality.”
While companies across the economy are cutting jobs, closing facilities and looking for any other ways to bring costs in line with falling revenue, some investors note there is a limit to how long companies can rely on belt-tightening to hold up their profits.
“It’s not sustainable,” said Peter Klein, senior portfolio manager at Fifth Third Asset Management, which owns GE shares. “The story of the second quarter is that a lot of companies are reporting better- than-expected earnings, but it’s coming all through the middle.”
American International Group Inc.’s trading partners may force the insurer to bear the risk of losses on corporate loans and mortgages for years beyond the company’s expectations, complicating U.S. efforts to stabilize the firm, analysts said.
European banks including Societe Generale SA and BNP Paribas SA hold almost $200 billion in guarantees sold by New York-based AIG allowing the lenders to reduce the capital required for loss reserves. The firms may keep the contracts to hedge against declining assets rather than canceling them as AIG said it expects the banks to do, according to David Havens, managing director at investment bank Hexagon Securities LLC.
“For counterparties to voluntarily terminate those contracts makes no sense,” Havens said in an interview. “There’s no question that asset values have soured on a global basis. With the faith and credit of the U.S. government backing those guarantees, why would they give that up?”
Gov. Ed Rendell has urged legislators to pass a bill to extend benefits.
Gov. Ed Rendell said 17,800 Pennsylvanians exhausted their jobless benefits in the week that ended Saturday, the first big wave of Pennsylvanians to do so. He urged legislators to pass a bill to extend the benefits.
Around the country, the number of people exhausting their benefits is piling up. By the end of September, more than 500,000 people will exhaust their benefits checks, with the biggest groups in Pennsylvania, California and Texas, according to estimates by the National Employment Ladvocacy group for low-wage workers based in New York City.
Prison
Planet.tv Members Can Watch
Fall Of The Republic
Right Now Online -
Don't Miss Out! Get
Your Subscription Today!
CANCER CONSPIRACY? Are
"they" suppressing the cure? Will YOU
be the next victim? Learn
the Secret Truth! - READ FULL STORY
-
- Social bookmarks
- Email this article
-
- Print this page
July 23rd, 2009 at 9:41 am
Its only part of the problem, and part of the problems that have been going on globaly for 2600 years.
The problem with the financial system right now is not even a probelm at all. Its a great thing, and its coming down because the dark forces who run it and create all the scams and bailouts for their own pockets are losing their power on the astral plane and earth is evolving, Sending them out of earth. As this happens, their structures fall too. We will see a greater global depression right as the system is collapsing in the coming months.
http://collective-evolution.co.....structure/
FIGHT BACK AGAINST THE BANKSTERS Reply:
July 23rd, 2009 at 1:33 pm
AUDIT YOUR MORTGAGE LENDER….
Are you behind on your mortgage??
You may be victim of FRAUD or PREDATORY LENDING.
Your lender may have over charged you.
A Forensic Loan Audit can find VIOLATIONS that may help you force a settlement with your lender and potentially lead to a reduction in your principal balance and/or interest rate.
We give you the ammunition to confront your lender.
http://www.homedefenseteam.com
8/6/6/-5/4/4-9/6/7/9 x2086
Aidan Monaghan Reply:
July 23rd, 2009 at 5:51 pm
The current mess can be reduced to certain basic principles and questions:
“Money” facilitates trade of goods. (economic activity) Too much important economic activity is based on the need and ability to obtain credit from privately owned providers. (with interest) When banks cannot or will not provide credit (or money) economic activity is reduced or halted.
Goods are in constant demand. Our ability to obtain them is controlled by private interests.
Money provides an essential service. And under the wrong control is a remarkable tool for exploitation.
Two questions:
-Why do consumers tolerate applied interest?
-Why do they tolerate banks who economically exploit people’s need to obtain fundamental goods? (housing, transportation, education, healthcare)
the peasants are revolting Reply:
July 23rd, 2009 at 3:37 pm
Great piece Bob, very informative. Looks as if the situation must soon come to a head.
golden*nugget Reply:
July 23rd, 2009 at 10:08 pm
TOTAL ECONOMIC COLLAPSE OF AMERICA 2009!!!
http://pencildicksvstheworld.blogspot.com/
July 23rd, 2009 at 9:41 am
This ponsi snake oil scheme has only lasted because “We the people” can’t figure out how much corruption multiple Trillions purchases.
CivilianResistance Reply:
July 23rd, 2009 at 5:33 pm
Thats funny, the authorities will never indict or subpoena Goldman Sachs or its affliates to be investigated or tried in court. Thats ridiculous. They’d be signing their death warrants. 65-70% of high government officials such as the good ol’ boys in the treasury would almost certainly go to jail. Even IF Washington was pressured into prosecutions, they would more likely be tried in Federal courts in which most can be given Federal immunity. And ones that cannot, can be convicted and then given Presidential pardons just like Nixon. This is what we get for having a President right out of Chicago. One of the most corrupt cities/states in the country. As far as the unemployment benefits running out, thats a huge DUH. They WANT the states to go bankrupt therefore the Fed gov can just print money, hand it over to the states as a bailout package but the funds will only be given unless draconian laws are passed in each state that accepts the money. Its fact. And its showing because their pulling this s--- now. They’ve already pissed off states such as Texas and New Hampshire. States which are reviving the age old discussions of secession.
pitofdoom Reply:
July 23rd, 2009 at 5:41 pm
So there won’t be a class action law suit
of “We the people” Vs. Corp/Govt’s wall street!
But our courts seek after Honor & Justice???
CivilianResistance Reply:
July 23rd, 2009 at 6:16 pm
“So there won’t be a class action law suit”
Well, if you had read what I had said, I SAID; even IF they are tried, they will walk. Plus, in another article, they discussed provisions that were passed to allow the Supreme Court to just “toss” out any civil suit they decide is unfit for them. The politicians set us up, and the bankers knock us down.
July 23rd, 2009 at 10:01 am
wow that was the biggest rant in history it went from the market is being artificially kept from crashing that’s why you should buy gold and silver. to the economy is recovering to I have 50 yearsmilitary experience to I have 29 wall street experience. WTFFFFFFF? please don’t ever post aarticles with absolutley no specific idea or direction
idiot Reply:
July 23rd, 2009 at 3:32 pm
idiot
Hoover Reply:
July 23rd, 2009 at 6:30 pm
Awesome article
Jack, guess what You know ???
Thomas Thacker Reply:
July 24th, 2009 at 12:57 am
I didn’t read the same article you did Jack. I did NOT read anywhere in the article Mr. Chapman claiming to have 50 years in the military. The direct quote is “Having been involved in counterintelligence and for some 50 years in economics and finance, I believe this is a precursor to problems centered around the dollar.” Later in the article he mentions 28 years spent on Wall Street. It is not stated in his article that the economy is recovering. Mr. Chapman gives numerous statements as fact that can be researched, proven, or refuted. If you had done any such research your post would have infinitely more value. Your hyperbole is false when you describe the article as the biggest rant in history. On a happy day I do much bigger rants. Replete with misspellings and poor grammatical constuction, yours is the post without specific ideas or direction. Like all humans, you deserve a second chance. Respond with something showing a modicum of thought.
Actionman Reply:
July 24th, 2009 at 2:58 am
Jack, it’s called a commentary bob has written.
If you want an essay with the structure of an: intro, body text and conclusion – go to a library.
Wall Street pays analysts to do what Bob has done for you for free you moron.
Copy your post above into your CV and go and brown nose a job at the Goldman Sachs crime gang. This is a criminal organization which must be immediately shut down and it’s chiefs indicted, tried and jailed.
July 23rd, 2009 at 10:07 am
stfu with ur illuminati new age bulls---, you are the dark forces you pos go spread your disinfo somewhere else faggot
July 23rd, 2009 at 10:11 am
The amounts of money these people have stolen is inconceivable but I`m sure nobody will be brought to account because the amounts of money involved you could buy off anyone
as I`am sure they have.
i didn`t know that gs had a program they could manipulate the market ,which is total fraud .
I cant really see how this matter could be sorted out without the company`s in question being disbanded and all the staff members involved being locked up for there part in this fraud which is obviously nIt going to happen .
SO ALL YOU PATRIOTIC FLAG WAVING AMERICANS IF YOU DON’T SORT THEM OUT YOU GOING TO END UP A 3RD WORLD COUNTRY .
If your not already .
July 23rd, 2009 at 10:52 am
I don’t think we owe them the money. What they have done with their 24 trillion is the equivalent of stealing $150,000 from each American and then demanding that we pay it back to them at gunpoint. Sorry uncle sugar that’s a deal breaker. We’re going to have to start over and create new political alliances (State Sovereignty) and economy with a focus on agriculture so that the feds can’t starve us out during a time of transition. As soon as a state or region declares their independence from federal tyranny, the feds will put that area under siege cutting off all economic activity including food and fuel. Instant siege warfare.
http://www4.law.cornell.edu/us.....10_13.html
You’re Not The Boss of Me! http://www.poorwiseman.net/bossops.html
Liberty Operations – http://www.poorwismen.net
Beavis Reply:
July 23rd, 2009 at 11:56 am
Similar, but it’s more like the guy that comes to reposess your auto, and then asks you to tank it up so that he can drive it away.
pitofdoom Reply:
July 23rd, 2009 at 12:06 pm
DEMANDING by LAW you pay them for the Trillions they’ve stolen is exactly what they expect!
Debt is power, “theirs” vanquished, “yours” remain for slavery!
madman Reply:
July 23rd, 2009 at 2:20 pm
This pretty much summed up everything Sovereign Citizen.
American’s are wimps, pussies and cowards…
Make no mistake, begging and whining is not what the Declaration of Independence was about. It was about breaking the law, when the law is unjust. It was about committing treason, when the rulers became oppressive.
It was about disobedience; civil disobedience, when effective, and not so civil disobedience when necessary. It was about open resistance, including violent resistance when called
for.
Government, YOU ARE NOT THE BOSS OF ME!
Might want to pass this along to the Militia’s… they think they are supposed to lay low, wait till a million of their countrymen die, and then pop out from under a rock, and go, Here we come to save the day!
July 23rd, 2009 at 11:55 am
The point here is that the GLOBALISTS EMBEZZLED 24.3 TRILLION of YOUR Dollars to finance a system that means to CONTROL YOU!
The question is…..Are you going to just sit there and allow this to happen when it is WELL DOCUMENTED that they also wish to KILL YOU?
HELLO?!?!?!???! ARE YOU ALIVE and PAYING ATTENTION?
Hoover Reply:
July 23rd, 2009 at 6:34 pm
You Know WHAT ???
I say we dont owe s--- !!!
that 24 Trillion was just make believe money.
Wipe it off the government dept.
We dont owe that s--- to no one !!!!
July 23rd, 2009 at 12:01 pm
The IRS is a scam. Politicians love to run a bluff on you when they can. I’ve got an idea their bluff is closer to being called than they think.
rudibr Reply:
July 23rd, 2009 at 2:32 pm
Its the most in-your-face scam ever.
The tax is illegal. If you dont pay it, you go to jail…for commiting no crime at all. Supreme court ruling (wich have ruled MORE then once that no citizen is mandatory to pay income tax) is neglected and overthrowed at the blink of the eye (overthrowing supreme court ruling is a capital crime of treason).
A lot of IRS staff quits when they realize the thievering thats going on. And it goes on and on and on without a single president ever bringing the issue up.
Too bad you didnt all vote for Ron Paul, the ONE guy that said the would end the IRS.
Well, it dont quite matter, its a sure shot he would get offed very soon if he did got elected.
July 23rd, 2009 at 12:39 pm
Mayors of Hoboken, Secaucus, Several Rabbis Arrested (Update6)
http://www.bloomberg.com/apps/.....B58G7XskU0
July 23rd, 2009 at 12:45 pm
http://www.adjunct.diodon349.c.....Satan2.jpg
July 23rd, 2009 at 1:55 pm
We must expose them all!
Just contact the whitehouse by going to barrysoetoro.com and let them know that you know!
http://www.warnthepeople.org
July 23rd, 2009 at 2:04 pm
Yeah! And that includes “swine flu” and mass vaccinations! Screw the “New World Order” Rockefellers, Rotcilds…what freaking “New World Order” It’s the same old boys in charge! We need to stand up! We need to RISE UP against these bastads! You think there after China, Iran….oh no! There after YOU! You, your guns, and your civil rights!!! Thats what the first hoax “9-11″ was all about! They are all TRAITORS! Those drugged “men” in Afghanistan are not fighting for you! The Taliban are our friends! They are our comrads! Because once the “US military” has bombed them to the grond, they will come after YOU!!! After all, arent constitutional civil rights “terrorism” these days to the Jewish power elite!?
pitofdoom Reply:
July 23rd, 2009 at 3:30 pm
That which your Nation does abroad it will some day do at home.
July 23rd, 2009 at 3:09 pm
Hey Jones, you really want to live under Islamic sharia law, go ahead. Instead of running down your country, do something about it. If you think that a bunch of religiously fanatic nut jobs are your friends you’re working under a serious delusion. Get help soon.
AntiN.L.P. Reply:
July 23rd, 2009 at 3:32 pm
**************YOU ARE ADDICTED TO T.V., it is totally obvious to all who read these boards… We can’t and won’t argue with……………..stupid!
pitofdoom Reply:
July 23rd, 2009 at 3:35 pm
It’s not about Christians, Jews or muslims.
And given that allah does not exist, we should focus first on TREASON!
CAIRO Reply:
July 23rd, 2009 at 4:30 pm
Islam is just a made up religion, along with Christianity, and all the rest.
They are just belief systems that hinder us from using our great minds.
Which we need in order to be creative.
I believe what we need to focus on is “what is stopping us from being responsible and taking charge of this situation before it really gets out of hand.” And also how come history keeps repeating its self over and over again. We need DRASTIC change in how we look at things, but first we need to UNDERSTAND clearly what it is about us that keeps us in this rut. Be creative think about things deeply and most importantly we need to look at ourselves and stop blaming the government… these people do all sorts bad things, but we are the worst enablers. We can change things if open our minds and take responsibility
pitofdoom Reply:
July 23rd, 2009 at 5:18 pm
“We” must stop believing in illusion of “ism” solutions.
Oil in the 20th & Technology in the 21st does, moves caesars court ever further from “We the people”.
It’s coming down to those who have “faith” in caesar Vs. The Constitution.
Cosmic pulse of life Reply:
July 23rd, 2009 at 6:19 pm
All religions have some truth in them, but none of them have all the truth.
CAIRO Reply:
July 23rd, 2009 at 8:22 pm
cosmic pol -
What do you believe that truth is?
Horus Reply:
July 24th, 2009 at 5:33 am
That all major religions have there basis on the movements of the sun, moon, and stars.
July 23rd, 2009 at 4:09 pm
I wonder if Jones is paid by someone to put these articles in circulation to see what the talking patriots are thinking? Because of the required email address they know who we are, they know all we are doing is talking s---, wonder if the have people studying our comments to see if we really are dangerous? Say the wrong thing and OOOPSIE – you end up dead in a “tragic” automobile “accident” or dissapear under the patriot act. Wonder how bad of a s---hole this country has to get before something finally breaks?
Jim Lunsford Reply:
July 23rd, 2009 at 4:35 pm
Wolf, the time for war will only be right when we have a chance to control the battlefield. All that would happen now, would be a bunch of bloodshed of people on the streets, and the criminals would never be in danger. Our time will come.
pitofdoom Reply:
July 23rd, 2009 at 5:22 pm
Jim, the battlefield currently is our houses, I’m loosing mine very soon.
America “the dream” died a long death since MLK & RKF, but it has already past.
From your many post’s I doubt we’ll be meeting up at a FEMA camp, sad but happy!
Jim Lunsford Reply:
July 23rd, 2009 at 6:26 pm
Yeah pit, I don’t think it would be a very successful transfer of my body to one of those camps. Don’t worry though, I’m just guessing that if death was that bad, a lot of people would have come back! lol Unfortunately, if we waged war now, we would all be branded as terrorists and traitors. I had thought before there might be war next year in this country, and maybe in two. I am wondering if it might be sooner. Our best choice is to defeat all of this without war, the world’s first bloodless revolution would be alright with me. I think it is possible, though by no means a sure thing. Sorry about your house. Maybe you should challenge them to show you the title. Wasn’t that something that one rep was talking about? They’ve bundled so many of them together, apparantly they don’t really know who owns what anymore. Worth a shot. Peace, Jim
CAIRO Reply:
July 23rd, 2009 at 8:21 pm
I agree with Jim that a fight right now would be a negative and tables would be turn to the NWO’s benifit. Really the bottom line is that we have to win the war in our minds first.
Then we can fight for something that will last without a drop of blood.
July 23rd, 2009 at 4:30 pm
Can some one please advise if they have heard of a Mortgage company by the name – :InterBay” and if so what is their track record?
July 23rd, 2009 at 4:41 pm
Let me guess……..? Bob recommends buying gold.
July 23rd, 2009 at 5:05 pm
How can the entire world allow 100 thieves steal all their money and starve them? We are cowards not to track them down and treat them as we do common criminals; they are common criminals with more resources such as the corrupt media, unlimited financing (OUR MONEY PAID AS TAXES) to hire mercenaries (the UN), to act as enforcers of their evil will with the aid of our corrupted leaders who confine and control us using unconstitutional dictates. If we lay down, they will run over our starved, diseased (they are poisoning us) bodies with tanks we bought them. The earth humans have nothing to lose, and no choice but to fight to the death to stop the NWO.
July 23rd, 2009 at 6:12 pm
I think it is sad indeed. Is there no honest person left on the planet? What is this obsession with the One World Government. The only logical conclusion is the real existence of Satan and his desire to rule and that moronic humans have devoted their lives to creating a One World Order he can rule that will be Hell for a few years before the forces of Light stop the reign in blood!
It gets more than a little depressing that the Top and Elite humans cannot be good people who are motivated to make a better world. They have to be greedy, selfish, egotistical.
Why is this?
July 23rd, 2009 at 6:23 pm
Later this fall, starting in October, we begin to see the newest wave of Real Estate Default’s hit our country. This is when many of the Interest only loans, and teaser rate loans, begin to reset. That coupled with the growing collapse of the commercial real estate market will seal the deal on this economy. You think one trillion in defaults in the sub prime market was bad, wait till you see two trillion worth of defaults in the prime and commercial market hit. Couple that with a non-existant Christmas spending season and OUCH! By November the dollar will standing in the middle of a fault line, record foreclosures, bankruptcy, bank closures…it all spells the Collapse of ‘09
If you are reading this – you are the resistance…
July 23rd, 2009 at 8:21 pm
Help Prevent This Patriot From Moving To A FEMA Camp!
http://femacamper.com
July 23rd, 2009 at 8:32 pm
Bring on yhe N”W”O and one world bank Good for them;;so a few want to kill off the mass’s i say great, at the end of the day somone or somthings gotta do it anyway humon beings are just evil in nature you can pick up any history book to see that every single one of us desearves to f---’n die”” as for this so called imaginarie god thats alway’s watching every little thing you do what a crock of s--- if this god was any good he or it would”nt have created a f---”t up spieces like us in the first place”’but on the whole go and pull somone else”s dick because im quiet capable of pulling my own””’ GO N”W”O”””””””””””””””””
Stumpy Stinkum Reply:
July 23rd, 2009 at 9:55 pm
Dude…you’ve made me realize the error of my ways. And now I agree, all humans should die. I’m with you man…Let’s make a suicide pact, Okay done! YOU GO FIRST!
If you’re reading this – you are the resistance…(unless your crazydude)
July 23rd, 2009 at 9:00 pm
Is anyone surprised? This is the same government that destroyed the Indians & stole the southwest from Mexico. The history of American is full of lies and bankers are obviously now the worlds biggest crooks.
July 23rd, 2009 at 9:42 pm
An AAAAA++ article. I would like to see every person, especially pensioners, who lost their saving to these creeps, get a printed copy of this. The article may not be pure Gold But it certainly is Sterling Silver !
July 23rd, 2009 at 10:02 pm
As many $trlllions those people stole, who among us, would change places with them? We all die. and NOBODY GETS AWAY WITH ANYTHING
July 23rd, 2009 at 10:11 pm
thats like reading frickin french or something…honestly did anyone understand that 100%???
Pierre Reply:
July 24th, 2009 at 3:20 am
Quel est la probleme, Monsieur?
July 24th, 2009 at 9:29 am
U.S. Taxpayers must demand congress repeal the unconstitutional 1913 Federal Reserve Act, reissue John Kennedy June 1963 Executive Order 11110 authorizing U.S. to issue its own currency and nationalize the private Rothschild shareholder-dominated Federal Reserve Board. Art. 1, Sec. 8, cls 4,5 provides that U.S. own the central bank and issue its own currency. Bilderbergers, Council On Foreign Relationists Henry Merrit Paulson, Benjamin Shalom Bernankke, Charles Christopher Cox, Timothy Geithner, Diane Feinstein, Barney Frank, Christopher Dodd, Nancy Pelosi, Charles Rangel – must all be prosecuted for insider trading securities fraud in violation of SEC Rule 10-b–5 for trading in AIG (taxpayer bailout recipient) securities.
July 24th, 2009 at 12:37 pm
poopoo, is a good name. Are you nutty. This is the same government that stole the Southwest from Mexico? I thought that was a government that existed about a hundred and fifty years ago. In any case, what good was it to Mexico. Nothing but rattlesnakes and cactus when they “Owned it”, which by the way they didn’t. It was the AMerican Indians land. The American Indian is being compensated by the PRESENT GOVERNMENT, WHICH IS MORE THAN WE CAN SAY FOR THE INDIANS OF MEXICO, WHO DON’T EVEN HAVE ANY RIGHTS. Nice try at the propaganda though.
July 28th, 2009 at 8:38 am
[...] admin wrote an interesting post today onScams And Bailouts The Cause of World DepressionHere’s a quick excerpt [...]
July 29th, 2009 at 8:46 pm
[...] Read more… [...]