- The conspirators of Jekyll Island finally
got the Meltdown that their secret little meetings were created to achieve.
The story is called "The London Connection" by Eustace Mullins,
and it is about how "The FED" was very secretly created. (1)
- What am I talking about? The Federal Reserve Bank is
not "Federal," it is a privately held central bank; one of the
twelve international private central banks that now control the money supply
for the planet. The recent events that have "hit" the United
States, were planned and carried out as part of this takeover that was
the reason the FED was created in the first place.
- When the so-called government asked the FED to step in
and takeover AIG, they were actually inviting a private bank (masquerading
as part of the Federal government) to take 80% of the targeted Insurance
giant' and in exchange the Fed decided to dump the shareholders and save
the gamblers that created this mess in the first place. So the "banks"
will get the profits and the bailout while the public gets the shaft-again!
- Washington Mutual and Wachovia are both up for sale and
Morgan Stanley is "having conversations," as of tonight! This
financial tsunami is just beginning, and the key player is still wearing
its mask that is intended to disguise its true purposes!
- The real problem with all of this is that most Americans
are still unaware of the true nature of the Federal Reserve Bank and how
it came to be called by that name even though it prints our money; it is
still not a part of the Federal Government!
- On Democracy Now this morning:
- As of this morning" "The unprecedented run
of events has altered the shape of Wall Street and brings the total amount
of government rescue efforts to stabilize the financial system and housing
market to about $900 billion."
- NOMI PRINS: "In AIG and in Lehman and with Merrill
and every other company on Wall Street that has faltered or is faltering,
it's about taking on too much leverage and borrowing to take on the risk
and borrowing again and borrowing again, twenty-five to thirty times the
amount of capital, the amount of money that they had to basically back
the borrowing that they were doing. Human regular borrowers cannot do this.
This is something that is an item only of the banking industry.
- And not only was all that borrowing happening, but there
was no transparency to the Fed, to the SEC, to the Treasury, to anyone
who would have even bothered to look as to how much of a catastrophe was
being created, so that when anything fell, whether it was the subprime
mortgage or whether it was a credit complex security, it was all below
a pile of immense interlocked, incestuous borrowing, and that's what is
bringing down the entire banking system."
- "You had at the beginning of the show, McCain saying
that this is the result of fraud and incompetence. The government has now
bailed them out. But by bailing them out-Wall Street was coming to terms
with the bad debts. When Bear Stearns went under and when Lehman Brothers
went under, this began to wipe away the bad debts. And when the debts exceed
the ability to pay, there's only one thing any economy can do, and that's
wipe them out.
- Instead, the government is trying to keep the fiction
alive. And what Paulson did yesterday, in bailing out AIG, was to try to
lock in whoever is the next president not only to further bailouts of Wall
Street, ostensibly to protect the public money, but to make it impossible
to write down the debts of the four million homeowners that are expected
to default this year, impossible to write down the debts of companies that
have issued junk bonds, impossible for the country to get rid of this excess
of debts that can't be repaid. And you're having really a war now
of creditors against debtors. And this is what Wall Street has been
preparing for. It needed an emergency to do it. It's really not an emergency
at all. This has been building up for many years. Everybody expected it.
And breathlessly now, the Secretary of Treasury has done it."
- MICHAEL HUDSON: "The government has no adequate
statistics on what the value of real estate is; what the amount of debt
is, because if it did have statistics - it would show that the volume of
debt is far in excess of the debtors (ability) to pay and when you have
that, you have to do something about it!
- Graham (Senator Phil Graham, McCain's top advisor) has
said 'don't collect statistics because if you know how these guys are making
money they are going to pay taxes on it; and if you don't look at
what they're doing - if you let them do it through offshore vehicles -
and you let them all bury everything then they're not going to be taxed
and that is his (Graham's) constituency: Untaxed, financed and then to
shift it all to labor and industry. (2)
- The major media outlets are minimizing the costs (lying
about the true costs), and attempting to paint this as just another two
minute story. The world markets are reacting, Russia's exchange did
not open today because it lost 17% of its value yesterday, and the rest
of the planet is beginning to reflect what is going on here because the
central banks are controlling what is beginning to happen everywhere. (3)
- If this outrage doesn't get the attention of all those
slumbering yuppies and yahoos in America that can't be bothered
with "politics" then maybe they ought to begin sleeping in their
coffins so that when the time comes their loved ones can just nail the
lid shut and be done with it! Remember, according to McCain 'this election
is not about issues, it's about personalities.'
- I don't know about you but between the eight years of
illegal wars that have killed millions of people, the total failure of
the thugs in power to control any aspect of this government or our policies
anywhere hell they can't even run rescue efforts during national
disasters, just ask anyone that's been affected-plus the fact that they
have yet to keep a single promise they ever made to any of us about anything:
So "let's not talk about the issues," let's just ignore politics
a bit longer until there is nothing left to discuss-the Meltdown will take
care of everything else. . .
- 1) The London Connection Eustace Mullins
- 2) Democracy Now Sept. 17, 08
- 3) Russia's Micex Index Falls Most
Ever; Exchanges Suspend Trading