Wed 18 Nov 2009
Designed Financial Crisis: The Bail-out Protected Predators Create the Next Crisis Eating the Dollar
Summary: Although it looks as though the EU and the U.S. are on their way out of recession, i.a. illuminist, Rothschild agent, George Soros, and Nobel Laureate, Joseph Stiglitz, are warning that this is far from being the case. There should be more government rescue packages for banks illuminists. The Wall Street Journal points out that the next punch may come from the sliding U.S. commercial real estate market , where 800 banks have given very poor and excessive lending. Der Spiegel reports the bank casino to play just as irresponsibly as before the crisis. Bear Stearns and Lehman Brothers fell because the predators had eaten the smaller bank animals and now, therefore, eat each other. The problem is specified according to Der Spiegel: The predators have eaten too much. It was too easy for them to get the too many dollar bills the Fed is printing out of thin air - and they were used irresponsibly. Now, banks are so large that governments cannot let them go bankrupt - without national economies toppling one after another. The predators know and feel they have a free rein in the money jungle - especially the predator above them all, JPMorgan, Rothschild's U.S. agent.
China is moving forward, owning too many U.S. securities and has agreed with Russia and the Gulf Arabs to drop the oil trade in U.S. dollars. Brazil and India are joining in. This has sent gold soaring with the risk of U.S. dollar collapse - apparently aimed at by the U.S. government. The dollar can only be saved with a great interest uplift and destruction of U.S. dollars surplus production, which would shatter the real estate market and industry in the United States. The UN and the G20 have appointed the IMF's SDR as the dollar's interim successor - currencies based on Rothschild's gold being the final solution in the New World Order. China predicts struggle in the Middle East for oil.
EUbusiness 13 Nov. 2009 The EU and the USA now seem to be on their way out recession – but at snail pace, and unemployment remains high or increasing. Pres. Obama also states that the world is on its way out of the recession – but that the undervalued Chinese yuan threatnes stability, whereas the Chinese say the absent US´interest rate is such a threat.
Is the crisis over?
The wall Street Journal 7 Oct. 2009: "Worries about the banking industry's commercial real-estate exposure have been building inside the Fed for months. "More pain likely lies ahead for this sector and for those banks with heavy commercial real estate exposures." The Journal's analysis includes more than 800 banks that reported having more than half of their loans tied up in commercial real-estate. Mr. Conway's presentation painted a bleak picture of the sliding real-estate values and enormous debt that will need to be refinanced. Some banks had 11 cents in reserves for every $1 in bad loans."
Der Spiegel: According to IMF calculations, banks have only purged about one-third of now-worthless assets from their balance sheets. In other words, the sharp rises in prices on the stock markets are based in part on fantasy numbers. "
Who own the US government´s debt?
The world's biggest financial institutions have reached a critical mass that, as in a nuclear reactor, can lead to uncontrolled chain reactions — even more so than before the crisis. If one of these banks collapses, it will not only bring down the financial sector, but the economies of several countries as well. No nation can afford to allow such mega-banks to fail. As Fed chief Ben Bernanke says: "When the elephant falls down, all the grass gets crushed as well." The banks have learned from the crisis, but they've learned the wrong lesson. They know now that there will be no repeat of the Lehman debacle. The government will not allow a second major player to fail.
How did Rothschilds predators make the financial crisis?
14 Oct. 2009 Rolling Stone: On Tuesday, March 11th, 2008, somebody — nobody knows who — made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half their value in nine days or less. It was madness — "like buying 1.7 million lottery tickets," according to one financial analyst. But what's even crazier is that the bet paid.
At the close of business that afternoon, Bear Stearns was trading at $62.97. The very next day, March 12th, Bear went into free fall. By the end of the week, the firm had lost virtually all of its cash and was clinging to promises of state aid; by the weekend, it was being knocked to its knees by the Fed and the Treasury, and forced at the barrel of a shotgun to sell itself to JPMorgan Chase (which had been given $29 billion in public money to marry its hunchbacked new bride) at the humiliating price of … $2 a share.this was a brazen case of insider manipulation. But they did nothing to stop this. Six months after Bear was eaten by predators, virtually the same scenario repeated itself in the case of Lehman Brothers — another top-five investment bank that in September 2008 was vaporized in an obvious case of market manipulation. From there, the financial crisis was on, and the global economy went into full-blown crater mode.
What really happened to Bear and Lehman is that an economic drought temporarily left the hyenas without any more middle-class victims — and so they started eating each other, using the exact same schemes they had been using for years to fleece the rest of the country. The government regulators who are supposed to protect us have given up trying to stop it.
Comment: They have it from their master: Nathan Rothschild cheated the London Stock Exchange after Napoleon´s defeat in 1815: Rothschild´s speedy messenger reported to Rothschild that Napoleon had been defeated. Everybody else believed he had won. Rothschild then sold all his stock at the Stock Exchange - and everybody else did the same, the prices nosediving to nearly nothing. Thereupon, Rothschild´s agents began to secretly rebuying. This trick put the Rothschild family in control of British economy - and of the Bank of England, even the British Empire!
"The stimulus is what's toxic — we're poisoning ourselves and the global economy with it." But guess who profits from them: Rothschild partners/daughters JP Morgan and GoldmanSachs.
“JPMorgan will be a star.” According to Bloomberg, JPMorgan is the world's biggest underwriter of shares as well as US debt. Shares of the the hyena bank of this Rothschild agent have surged 45pc this year.
Never in my memory has USGovt leadership been so disrespected. Never has Wall Street been so culpable for financial ruin, yet still in power running the USGovt finance ministries. … The nation with each passing year resembles even more a very large Third World nation.
Empty foreclosed homes, empty shopping malls, millions of jobless, discouraged business formation, nationalized failed firms, vanishing Middle Class, trillion$ federal deficits, monetized debt, reduced liberties, selective elite law enforcement, syndicate stronghold, huge prison population, controlled press networks, distrust of leaders, aggressive military, these are the characteristics that most people agree are unsavory. The demand for USDollars will be sharply reduced in the future. the United States will be the last to raise interest rates, stuck without an Exit Strategy. Gold reached 1060 this week, and silver touched 18. This is just the beginning.
Comment: The proper word is corruption. Bloomberg 5 Nov. 2009: See how JP Morgan bribed Alabama politicians on derivatives about to ruin their county.
The New York Post 13 Oct. 2009. Over the last three months, banks put 63 percent of their new cash into euros and yen — not the greenbacks — a nearly complete reversal of the dollar's onetime dominance for reserves, according to Barclays Capital. The dollar's share of new cash in the central banks was down to 37 percent — compared with two-thirds a decade ago. Currently, dollars account for about 62 percent of the currency reserve at central banks — the lowest on record, said the International Monetary Fund. Bernanke could go down in economic history as the man who killed the greenback on the operating table. After printing up trillions of new dollars and new bonds to stimulate the US economy, the Federal Reserve chief is now boxed into a corner battling two separate monsters that could devour the economy – ravenous inflation on one hand, and a perilous recession on the other. Investors and central banks are snubbing dollars because the greenback is kept too weak by zero interest rates and a flood of greenbacks in the global economy.
They grumble that they've loaned the US record amounts to cover its mounting debt, but are getting paid back by a currency that's worth 10 percent less in the past three months alone. In a decade, it's down nearly one-third.
Economists believe the market rebellion against the dollar will spread until Bernanke starts raising interest rates from around zero to the high single digits, and pulls back the flood of currency spewed from US printing presses.
"Bernanke's other choice is to keep rates at zero, print even more money and sell more debt, but we'll see triple-digit inflation that could collapse the economy as we know it.
The Independent 6 Oct. 2009 In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar. Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.
The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years. Against the background to these currency meetings, Sun Bigan, China's former special envoy to the Middle East, has warned there is a risk of deepening divisions between China and the US over influence and oil in the Middle East. "Bilateral quarrels and clashes are unavoidable," he told the Asia and Africa Review. Brazil has shown interest in collaborating in non-dollar oil payments, along with India and many other countries. "These plans will change the face of international financial transactions," one Chinese banker said. "America and Britain must be very worried."
Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars. Bankers remember, of course, what happened to the last Middle East oil producer to sell its oil in euros rather than dollars. A few months after Saddam Hussein trumpeted his decision, the Americans and British invaded Iraq.
Real – or just rumormongering? It weakens the dollar anyway.
The Independent 7 Oct. 2009: The price of gold is surging on world markets amid fears that the old economic order based on the supremacy of the US dollar could be breaking down. The developments come on top of speculation that the Obama administration is operating a policy of benign neglect of the dollar, engineering a devaluation that could help repair some of the economic damage caused by the recession.
A new spike has sent the cost of the precious metal to a level not seen before. The dollar slid sharply after yesterday's report in The Independent that Gulf Arab states are secretly planning to stop trading oil in dollars, and a senior UN official said that the US should be stripped of its position as the main source of currency reserves for other countries.KITCO 8 Oct. 2009
The end of the de-facto standard carries enormous consequences. Two structural pillars have kept the USDollar in its primal position. Banking sysetms across the world are built around the US Treasury Bond reserves storage and management. Purchase & Sale of petroleum is conducted in US$ terms for almost all transactions globally.
To say this is not orchestrated by China is professed ignorance. They warned the US not to monetize the federal debt. We did.
Gold will be taking a role in the new IMF basket, a requirement for crude oil purchase in the global marketplace. The unavoidable truth is that the major global currencies are in a long process of destruction, as central banks continue their debauchery with ultra-low interest rates to salvage their insolvent banks and provide constant stimulus for moribund economies. The global monetary system is in a long process of crumbling, as the USDollar undergoes a long process of abandonment. The urgent message is clear. The first nations to discard the USDollar and embrace even an IMF global currency basket, will emerge as the next leaders. The basket is a Straw Man transition device toward global gold-backed currencies, of which there will be at least three eventually.
The departure and dismantle of the Petro-Dollar standard will usher in a more dangerous phase of that trade war, one to include a battle of the crude oil in the Middle East region. By the way, another motive for the Iraq War liberation was to disconnect (illegally of course) China from its oil product concessions with Saddam, that are in the process of reversal and remedy.
Who profits? KITCO 8 Oct. 2009: Russia will emerge in three key respects. 1) Russia will be the military protector to both sides in the Persian Gulf, both Arab and Iranian. 2) Russia will be the major commodity super market supplier to Europe, both energy and metals. 3) Russia will surprisingly present new financial systems to shock the West, in the form of barter systems, in the form of reliable commodity contract systems, in the form of precious metal vault facilities. The main question is how peacefully the fascists pass the baton of power to the East.
The IMF as the global reserve system
Ellen Brown The Huffington Post 1 Oct. 2009: The unannounced purpose of last week's G20 Summit in Pittsburgh was that "the IMF is being anointed as the global central bank." Rickards said in a CNBC interview on September 25 that the plan is for the IMF to issue a global reserve currency that can replace the dollar. "They've issued debt for the first time in history," said Rickards. "They're issuing SDRs. The last SDRs came out around 1980 or '81, $30 billion. Now they're issuing $300 billion. When I say issuing, it's printing money; there's nothing behind these SDRs." "Central banks hate gold because it limits their ability to print money," said Rickards. If gold were to suddenly go to $1,500 an ounce, it would mean the dollar was collapsing. Comment: The gold price is rapidly rising, at 1138 an ounce on 17. Okt.
Not long ago, the IMF was being called obsolete. Now it is back. It is all for the greater good of the banks and their affiliated multinational corporations; but the $500 billion in funding is coming from the taxpayers of the G20 nations, and the foreseeable outcome will be that the United States will join the ranks of debtor nations subservient to a global empire of central bankers.
The ghost that many see ahead is hyperinflation because the US private bank, Rokefeller´s, JP Morgan´s and Rothschild´s Federal Reserve, is printing money out of thin air to be used for bail-outs and warfare. See this video (ca 23 min). It decribes the ongoing “Zimbabwisation” leading to chaos and total collapse of the currency. One may also think of Germany in the 1920es. But the cow has to be milked much more: Oct. 31 (Bloomberg): Nobel Prize-winning economist Joseph E. Stiglitz said the U.S. recession is “nowhere near” an end.“For the world as a whole, it’s premature to think about exiting stimulus,” The U.S. unemployment rate reached a 26-year high of 9.8 percent in September and economists project it will exceed 10 percent by early 2010. Rothschild agent George Soros on 5 Nov. confirmed Stiglitz´words.
But whether the US will defend the dollar is a matter of discussion: The present administration is doing all it can to make the dollar collapse. It seems as though it wants a world currency.
To save the dollar, interest rates would have to be raised, which would send the country into recession amd the real estate market into chaos. The alternative is a hyperinflation. Some people think, goldbacking of the New World Order currency will return. And who owns most of the gold of the world will thereby be able to exert a tremendous influence on world economy. Who has been hoarding gold in vault over the last many years – and does not trade it since 2004? Rothschild and here.
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