GLOBAL FINANCIAL MELTDOWN IS A CON

As Will Hutton on 18 April 2010 in the british Observer wrote, concerning the global monetary crisis: "Now we know the truth. The financial meltdown wasn't a mistake – it was a con."*

Henk Ruyssenaars

April 20th 2010 - Money is power. It's as simple as that. One can buy everything: emperors, kings, armies, countries, people, goods etc. Everything seems to have its price. With very few exceptions. And those who have the money just want to make more and more. For them the word 'enough,' or 'suffering,' or dying' doesn't exist. It apparently never did.

And the rest of the world's peoples which are abused for this global con - still enriching the rich - is kept in the dark as much as is possible. "You keep them stupid, and I'll keep them poor." That's the criminals slogan. And, since the mad moneymakers own ninety-six percent of the media, this is easy.*

How it's done since ages, the Observer described like this: "Hiding behind the complexities of our financial system, banks and other institutions are being accused of fraud and deception, with Goldman Sachs just the latest in the spotlight. This has become the most pressing election issue of all

The global financial crisis, it is now clear, was caused not just by the bankers' colossal mismanagement. No, it was due also to the new financial complexity offering up the opportunity for widespread, systemic fraud. Friday's announcement that the world's most famous investment bank, Goldman Sachs, is to face civil charges for fraud brought by the American regulator is but the latest of a series of investigations that have been launched, arrests made and charges made against financial institutions around the world. Big Finance in the 21st century turns out to have been Big Fraud.

Yet Britain, centre of the world financial system, has not yet levelled charges against any bank; all that we've seen is the allegation of a high-level insider dealing ring which, embarrassingly, involves a banker advising the government. We have to live with the fiction that our banks and bankers are whiter than white, and any attempt to investigate them and their institutions will lead to a mass exodus to the mountains of Switzerland. [See the BIS* - HR] The politicians of the Labour and Tory party alike are Bambis amid the wolves." - [end quote]*

And for those who don't know yet what those swindling CDOs are, here's a very easy way to understand it: Marketplace Senior Editor Paddy Hirsch gives a bubbly explanation of the intricacies of "collateralized debt obligations" - those financial instruments that got us into this financial mess. - Url.: http://marketplace.publicradio.org/display/web/2008/10/03/whiteboard_crisis_explainer_uncorking_cdos/

But, as said, none of these humanoids seems to care one way or another what kind of suffering and death they have been spreading all along. "I'm doing 'God's work," Lloyd Blankfein, the chairman and CEO of the criminal Goldman Sachs bank explained. One wonders what kind of 'god' he refers to? Mammon maybe?*

The New York Times wrote about it that: "Senior Executives at Goldman Had a Role in Mortgage Unit and the news site Mathaba, via USA Biz, like many also wrote that: "Goldman`s brass had a hand in mortgages," which was posted on the 20th of April 2010: "Bank profited on rise, fall of the housing market."

Quote: "According to interviews with eight former Goldman employees, senior bank executives played a pivotal role in overseeing the mortgage unit just as the housing market began to go south. These people spoke on the condition that they not be named so as not to jeopardize business relationships or to anger executives at Goldman, viewed as the most powerful bank on Wall Street.

According to these people, executives up to and including Lloyd C. Blankfein, the chairman and chief executive, took an active role in overseeing the mortgage unit. It was Goldman’s top leadership, these people say, that ended the dispute on the mortgage desk by siding with those who, like Tourre and Egol, believed home prices would decline.

Lucas van Praag, a Goldman spokesman, said senior executives were not involved in approving the Abacus deals. He said the executives had sought to balance Goldman’s positive bets on the mortgage market, rather than take an overall negative view. Tourre declined to comment, as did Egol. Mortgage specialists were, in a sense, the mad scientists of the subprime era. They devised investments by bundling together bonds backed by home loans, which enabled mortgage lenders to make even more loans.

But former Goldman employees said those traders benefited from the short positions that were given to them. And their trading was tightly overseen by senior executives." - [end excerpt] - The original article is at MathabaNet/ - Url.: http://www.mathaba.net/news/?x=623308

Of course it doesn't look likely to happen to 'Lucky Luke' van Praag, but have you ever thought about how it would be when you're foreclosed, and on the street? Living at first maybe with some family or friends, but also - if you still own one - in your car, on a parking lot etc. With an eventual wife, kids and the family pets? And no money coming in? How do you sleep and feed them? How does one shower? Dress? Go to the toilet? At present the homeless are a lot more than three and a half million in the US alone. And, no address means no vote either... It looks like it's all planned and rigged.

But, I'm afraid that most people in many other countries outside of the USA don't get it, when EVERY DAY - in April 2010 - twenty to twenty-five thousand people have to leave their home, and nobody reacts? The biggest heist in the history of mankind is being perpetrated, the criminal banking cartel is also stealing the houses and billions upon billions of tax money, all over the world too! This is money taken from hard working people to reward banking criminals for their misdeeds. One wonders why they are still freely walking around, they who do this? Or why they are not in jail yet?

I'M MAD AS HELL, AND I'M NOT TAKING IT ANYMORE!

Why are not many more US americans - of those tens of thousands and more homeless a day - getting too: "mad as hell, and not taking it anymore"? Where is the rage, their anger?

And when are the victims coming to grips with this orchestrated 'misfortune' they suffer, while the criminals get all the bailout $billions for their con? And the foreclosed people just stand there, hungry, and at night in the cold, with their possible family, the pet, and empty hands? Not even anymore having a window to shout from...

Everything is stolen from them, and they don't react? Many - like me - really don't get it. And look again at the story Newsmax had:

"Foreclosure Rates Surge, Biggest Jump in 5 Years"

Published on April 15, 2010, and saying that: "A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.

RealtyTrac Inc. said Thursday that the number of U.S. homes taken over by banks jumped 35 percent in the first quarter from a year ago. In addition, households facing foreclosure grew 16 percent in the same period and 7 percent from the last three months of 2009.

More homes were taken over by banks and scheduled for a foreclosure sale than in any quarter going back to at least January 2005, when RealtyTrac began reporting the data, the firm said. "We're right now on pace to see more than 1 million bank repossessions this year," said Rick Sharga, a RealtyTrac senior vice president.

Foreclosures began to ease last year as banks came under pressure from the Obama administration to modify home loans for troubled borrowers. In addition, some states enacted foreclosure moratoriums in hopes of giving homeowners behind in payments time to catch up. And in many cases, banks have had trouble coping with how to handle the glut of problem loans.

These factors have helped slow the pace of foreclosures, but now that trend appears to be reversing. "We're finally seeing the banks start to process the inventory that has been in foreclosure, but delayed in processing," Sharga said. "We expect the pace to accelerate as the year goes on."

In all, more than 900,000 households, or one in every 138 homes, received a foreclosure-related notice, RealtyTrac said. The firm based in Irvine, Calif., tracks notices for defaults, scheduled home auctions and home repossessions. Homeowners continue to fall behind on payments because they've lost their job or seen their mortgage payment rise due to an interest-rate reset. Many are unable to refinance because they now owe more on their loan than their home is worth." - [end excerpt] - You can read the rest here, at Newsmax - Url.: http://www.newsmax.com/US/US-Foreclosure-Rates/2010/04/15/id/355761

Got it? It said that there will be more than 1 million bank repossessions this year. More people out in the streets, more empty houses which are bought for a nickel on the dollar. A dollar fabricated out of thin air. This sure is a world-con! With an enormous suffering.

AND THEY SWINDLE GLOBALLY WITH THEIR SECRET CODE!

Quote: "July 7, 2009 (Bloomberg) - “The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways,” Facciponti said, according to a recording of the hearing made public yesterday. “The copy in Germany is still out there, and we at this time do not know who else has access to it.” - [end quote] - Source: Bloomberg - Url.: http://www.bloomberg.com/apps/news?pid=20601087&sid=axYw_ykTBokE

THE BANKS OWN THE CONGRESS

It's better to listen to Sen. Dick Durbin (D-Ill.) who came to the same conclusion as many experts outside the senate: Big banks use campaign and other money to unduly influence Congress. Here’s what he told Chicago radio station WJJG: "And the banks - hard to believe in a time when we're facing a banking crisis that many of the banks created - are still the most powerful lobby on Capitol Hill. And they frankly own the place." - [end quote] - Source: 2009 Newsmax - Url.: http://tinyurl.com/yfehavw

GOLDMAN CDO CASE COULD BE TIP OF ICEBERG

A majority of humanity must be seen as victims of Rothschilds central banks usury system. They decide what the so called 'money' in your wallet is worth. Nobody else! - "An Unbridled Monster: the global monetary system" - Url.: http://tinyurl.com/kk86q7

MORE OF THE CON: RATINGS ARE FAKES TOO

Moody's Investors Service, S & P and Fitch: ALL belong to the criminal financial cartel. Moody's is especially bad: they sold their 'ratings' for cash. In the U.S. news service McClatchy even had a very informative article about this global swindle: "How Moody's sold its ratings - and sold out investors." - Url.: http://www.mcclatchydc.com/227/story/77244.html

Quote: "Wall Street paid as much as $1 million for some ratings, and ratings agency profits soared. This new revenue stream swamped earnings from ordinary ratings.

In 2001, Moody's had revenues of $800.7 million; in 2005, they were up to $1.73 billion; and in 2006, $2.037 billion. The exploding profits were fees from packaging . . . and for granting the top-class AAA ratings, which were supposed to mean they were as safe as U.S. government securities," said Lawrence McDonald in his recent book, "A Colossal Failure of Common Sense." - McDonald's Web site. - Url.: http://www.lawrencegmcdonald.com/

Standard & Poor's - run by Deven Sharma, who is called 'president' - is owned by the McGraw Hill company, residing snugly in the New Yorker Rockefeller Center building. The connection is clear, isn't it? - Source: Wikipedia - Url.: http://en.wikipedia.org/wiki/McGraw-Hill

And of course also Fitch credit 'rating' agency followed the swindle money, and for instance downgraded Greece or Iceland's economy, just like the international usury banks wanted them to. So much for those 'rating agencies' which also are owned by the banksters from the criminal cartel.

But one keeps wondering about how so few have been able to do so much damage to so many. All over the world! Their criminal minds are apparently all the time at work, globally enslaving people and profiting from them. And all those who profit - including the vile collaborators - shut up about it.

It's called the Salami-tactic: every day a small slice, and at last 'they' have the whole sausage!

They do this every time through indoctrination and deception. And it's always the same: human beings never count! Never! Like in this case where people end up in the streets: they don't care for a nano-second whether it's a hundred or a hundred thousand foreclosures. As long as the earn on it.

For the criminal cartel only power and profit counts.

The case is clear, isn't it?

It's either them or humanity.


HENK RUYSSENAARS


Blog - Url.: http://forpressfound.livejournal.com/


RELATED:

* Will Hutton in 'The Observer' (UK) - Url.: http://www.guardian.co.uk/business/2010/apr/18/goldman-sachs-regulators-civil-charges

* It's not only the screen and radio & TV mind poisoning and brainwashing from Hollywood: the so called 'Free Press' is Big Money. And we all understand that having 96% of the war propaganda media, one controls the political landscape as well. - Url.: http://tinyurl.com/dafucd

* Where were the media when the subprime disaster unfolded? - Url.: http://rinf.com/alt-news/media-news/where-was-media-when-sub-prime-disaster-unfolded/2854/

* "I'm doing 'God's work'. Meet Mr Goldman Sachs" - Lloyd Blankfein - Source: 'The Sunday Times' (UK) - Url.: http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6907681.ece

* Reuters: "Goldman CDO case could be tip of iceberg." - Url.: http://www.reuters.com/article/idUSTRE63G21Z20100417

* US: Losing house and everything: why no real reaction? - Url.: disc.yourwebapps.com/discussion.cgi?id=234999;article=2788

* New York Times - Senior Executives at Goldman Had a Role in Mortgage Unit - NYT Url.: http://www.nytimes.com/2010/04/19/business/19goldman.html?hp

* How the German national-socialistic party and Hitler were financed by international cartel's bankers was suppressed knowledge, but eloquently described by Anthony C. Sutton in his book: Wall Street and the Rise of Hitler. - Url.: http://reformed-theology.org/html/books/wall_street/index.html

* The BIS bank - Url.: http://tinyurl.com/y6xmed [16]

* BIS, the Board - Url.: http://www.bis.org/about/board.htm [17]

* The banksters, and their collaborators worldwide, are mostly psychopaths. - Url.: http://www.serendipity.li/bush/beyond_insanity.htm 

* Trading with the Enemy - The Nazi-American Money Plot 1933-1949" - By Charles Higham, Delacorte Press 1983. - Google Url.: http://tinyurl.com/ydkzlvh

* 'Holland as a 'Tax haven' - Url.: http://argusoog.punt.nl/?r=1&id=380607

* Rothschild: "He who has the gold has the power!" So the Rothschilds also decide the price of the gold. - Url.: http://goldinfo.net/londongoldfix.html

* The Lords of Hunger and Depopulation - Web Results 1 - 10 of about 25,300 for Kissinger +depopulation. - Url.: http://tinyurl.com/yh8begy

* US: The humanoids want a totalitarian State = A very good story: Ellen Brown about the BIS - Url.:http://tinyurl.com/ygjd2qn

* Obama/ Soetoro - Or whatever his name is: Hey! Look! The CIA 'emperor' has no clothes! - Url.: http://tinyurl.com/o55tpv

* "PEOPLE DO NOT FORGET: They do not forget the death of their fellows, they do not forget torture and mutilation, they do not forget injustice, they do not forget oppression, they do not forget the terrorism of mighty powers. They not only don't forget: they also strike back." - 2005 Nobel Literature Prize winner Harold Pinter - Url.: http://tinyurl.com/9cyeq

* 'IT'S DANGEROUS TO BE RIGHT, WHEN YOUR GOVERNMENT IS WRONG'' - VOLTAIRE

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Editor: Henk Ruyssenaars
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Tags: Financial meltdown, Con, Goldman Sachs, Blankfein, secret code, gold, Observer, war, CIA, senator Durbin

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