By: Dave Hodges, TLB Contributor.
Can you pick yourself out of the photo?
America, while you slept, your country was stolen from you. Your country was absconded by all the political misfits and corporate criminals that the disenfranchised former Republicans and Democrats have been trying to warn you about during the last several years.
How Did We Get Here?
Laws, originating out of New Deal legislation, written in response to the Great Depression, provided some measure of protection for the American financial system from the unsavory forces which led to its initial demise in 1929. In 2008, corporate greed, governmental corruption and a populace who was asleep at the wheel, has succeeded in achieving what historians will someday label the “Greatest Depression of 2013-2014.” History will also show that the destruction of the late, great American economy was entirely self-inflicted.
Why the US Economy Is Irreversibly Damaged
If Americans knew their history, then we would be cognizant of the fact that one of the prime causes of the Great Depression was due to stock investors buying shares on margin (i.e., loans). Glass Steagall Act protected Americans from this shady practice by separating commercial banking from this investment practice of stockbrokers. However, with one stroke of his New World Order pen, Bill Clinton’s repeal of the Glass-Steagall Act opened the flood gates for the domestic AND foreign infusion of bad credit into both our stock market and banking system. Consequently, both industries stand in the midst of a total and complete economic collapse in what is quickly becoming known as the most massive wealth transfer in world history.
On September 30, 1999 , Fannie Mae and Freddie Mac sought governmental permission to “relax” (i.e., break) the prudent governmental regulations on sound lending practices and begin to make loans to individuals who were not credit worthy. This spelled the death of the mortgage industry as we once knew it and the housing market was collapsed.
The Uptick Rule once prevented companies from crashing due to large scale shorting of company stock. A company’s stock could not be sold short as long as it was in continuous decline. Short sellers had to wait for an uptick in the stock before engaging in shorting. The Uptick Rule was retired in 2007 and the rest, as they say, is history. The elimination of the Uptick Rule is like going to a basketball game and not being able to see the scoreboard. Who’s ahead, who’s behind? Nobody knows but “Ladies and Gentlemen, place your bets!” What is your stock portfolio worth? Who knows? Who cares? Somebody wealthy is getting wealthier at your expense and you and your middle class investors are none the wiser.
The rapid increase in the price of fuel during the last several years is a good example of the destructive nature of the derivative market. Most of the price gouging which resulted in unprecedented increases in gas prices, and record oil company profits, was due to speculation in futures especially by Goldman Sachs which just happens to be former Treasury Secretary’s Henry Paulson’s old company. Paulson oversaw the first bailouts as a result of the derivatives market failure. Today the derivatives market has collapsed and the collapse has pulled our entire economy along with it. The Federal Reserve is temporarily keeping the economy barely afloat by printing massive sums of money, but this game is almost over.
Why America Can Never Recover
Derivatives are not stocks or bonds or anything of tangible value. The value of a derivative is technically viewed as “anticipated future value.” Therefore, derivatives have no real value. However, a derivatives transaction must have the backing of a financial institution such as a brokerage or a bank. The assets used to back up and collateralize the worthless derivatives are real and substantial. When the derivatives market crashed, it took down hard assets of tangible value. In effect, the economy had stupidly used something in order to back up nothing and the something is now in the total control of the central bankers. To cover the losses of the “too-big-to-fail” entities, the bailouts were initiated in what constituted the largest wealth transfer in world history.
This is the ultimate money game in which paper derived from other paper, such as futures and options, has served to bolster the balance sheets on Wall Street. Futures and options are exchanged traded derivatives, but the largest group of derivatives is not even traded on the exchanges. These are called “counterparty derivatives” and consist of such financial entities as mortgage backed securities and credit default swaps.
It is estimated that total derivative exposure of the financial system is between one quadrillion and one and a half quadrillion. A quadrillion is 1,000 trillion dollars and it has largely collapsed. The entire Gross Domestic Product (GDP) of all the world’s countries in 2011 was approximately 77 trillion dollars. GDP is an economic term for everything that is produced for sale. The American middle class is being asked to bear the burden of the entire derivatives market collapse which totals over 16 times the net value of the entire planet. No amount of bailouts can ever cover the loss. This is simply the bankers way of transferring what is left of middle class wealth before the final collapse.
IT IS MATHEMATICALLY IMPOSSIBLE TO PAY OFF THE DERIVATIVE DEBT!
Where do you think the bail out money went? Ask yourself why so many corporate heads are building homes overseas? Why did George Bush build a 100,000 acre ranch in Paraguay? Why is NORTHCOM, a combat organization, is engaged in urban riot control training? Why did DHS purchase 2.2 billion rounds of ammunition to go with their 2700 armored personnel carriers? Even the National Weather Service has purchased million of rounds of ammunition. Why are the Russians training on American soil with FEMA in a bilateral agreement signed by Obama? Why are we seeing one disaster drill after another being carried out in this country? Here is a partial list of disaster drills being carried between September 25-November 13th.
Port of Houston Ran Simulation Drill for ‘Dirty Bomb’ Attack Sept. 25
More Than 1,000 Banks Plan National Cyber-Attack Drill Oct. 16-17, Oct. 23-24
Many of us feel that inside one of these disaster drills lies the false flag event which will be used to collapse the economy and lead to either martial law or civil war. Do you really think that language is too strong? On Friday, Senator Tom Harkin (D-Iowa) stated that the political rhetoric has reached civil war levels.
The central bankers know that no amount of Quantitative Easing can pay for the hard assets that were lost in order to collateralize the derivatives. They have no option but to collapse the system and start over, but before they do, they are going to steal everything that is not nailed down. This is why in preparation of this move to collapse the system, they are obtaining as many hard assets as possible. This is why the Federal Reserve has been printing 40 billion dollars per month for the sole purpose of purchasing mortgage backed securities. This is why central bankers are under orders from the Bank of International Settlement which has ordered its rank and file central bankers from each country to greatly minimize loans in order to limit exposure when the collapse occurs. This is why the MERS mortgage fraud, in which millions of people are having their houses stolen through the creation of phony titles, continues unabated. This is why the Seventh Circuit Court of Appeals ruled that once a depositor puts their money in the bank, the bank owns the money. This is why Treasury Secretary Lew began to “borrow” against federal pensions late last spring. This is why DHS, the IRS et al are preparing to go to war with the American people as they arm to the teeth. This is why the foreign troops are here. You are on the Titanic and you are going down. Still not convinced? Then explain Cyprus, Greece, Poland and now Panama where the TPTB are stealing pensions and bank accounts and you don‘t think it can happen to you because you are an American?
We have options America. We could arrest the Wall Street thugs that perpetrated this whole bloody mess and issue a declaration of debt repudiation. However, the other side is prepared to fight you as evidenced by the recent militarization of every federal agency. I do not believe that that America has the intestinal fortitude to fight back. We are a soft nation. And if we did resist, we should be prepared to fight the Russians and the Chinese on American soil because the central bankers will certainly follow a Red Dawn scenario.
When the Titanic went down, who did they save? They saved 70% of the wealthy as they were the ones that got into the life boats while the coach passengers were locked into steerage in which only 10% of those poor persons survived. This is exactly what is going on now. The government is not bailing out small business owners, pension holders and the average investor. They, we, are only bailing out the rich friends of the international bankers. The rest of us are locked into middle class steerage. Get your money out of the bank. Cash in your 401K and your pensions. The game is over and you only have time to jump from this sinking ship.
America, there is a price for our collective ignorance and it is called enslavement.
Our moms were wrong, what you don’t know can and will hurt you!
TLB Highly recommends you visit Dave at www.thecommonsenseshow.com for more great articles and information.
To quote Shrek. This problem is like an onion. It has many layers. The economy is only one layer and the least important layer of all. Our civilisation is already collapsing and I mean every part of it. Articles like this are designed to make you only look at one small part of the problem. They are deliberate distractions. They understand human psychology. In particular one human trait when faced with unpleasant facts is to completely ignore them and latch onto something else that is more palatable…like the economy.
What an optimistic article and I’m not being sarcastic. If the economy was all we had to worry about I would be laughing my head of. I’m afraid it’s a lot lot worse than that. Capitalism with America at the helm has effectively signed our death warrant and it can’t be unsigned. Food, water, finite oil and other fossil fuels, climate, methane, Oceanic food chain collapse, green washing, a completely unsustainable world pop of 7 Billion and counting, GM foods, and on it goes. Nope the system is designed to self destruct and the warning klaxons are sounding. The Sheeple just can’t hear them over the inane drivel they call TV news these days (part of the system). Yes there will be wars, there will be false flags, there will be conspiracies and economic collapse is definite but those are not the problem. They are merely the symptoms. Capitalism is effectively the Doomsday machine in Dr Strangelove. Once you switch it on you don’t switch it off. So to be worrying about the economy is not optimistic, it’s delusional. LOL, banks and money. How silly these conversations are going to be in the next few years when you struggling to find the last few logs of wood on the planet and deciding whether you’re having locusts or rats for dinner. Our “economy” is only a reality in our minds. Reality is the application of the laws of physics to the planet we live on. You are very right on one score though. Something is going on and that’s because the global elite (who created this cluster F&ck to end all cluster f&cks) know the game is almost over and are preparing to do the only rational thing that can be done. Eliminate 6 billion people. When you truly understand the problem then the solution becomes glaringly obvious.
This 45 minute history lesson sums it up very well…….
http://www.forbiddenknowledgetv.com/videos/911–false-flags/all-wars-are-bankers-wars-1.html
i will stand fight and die for anonamous bring on the beginning of the true world 🙂 unphased.
As long as you put the link back to the article and credit our contributor (author) all is good my friend and please share away !!!
Truthmonger Man…I copied and pasted this to my Facebook page. I hope you do not mind. It was brilliantly said. Thank you for such a clear insight of today’s world.
WOW! Somebody finally gets it. You, truth monger man, are a breath of fresh air to a stagnant and dying humanity. I pray that your words touch all of those that are living this lie and that the TRUTH of our exsistance be revealed before it is too late.
Yes I have something to say… Jumping ship would mean leaving earth! So forget about it!! There is a simple solution to all these problems and future problems.. it is called “solving the problem at the source” So what is the “Problem”? The problem is the “moneychangers” the same ones the Jesus turned over the tables and whipped. Today they are called banksters or rather it is called greed love of money and power. This is the disease that causes regular people to harm even kill their brother. “Thou shalt not have any gods before me”. Clearly virtually everyone has made “Money” their God…. so how did the Banksters do it?… One word “Debt”. Yes they made everyone a slave to “Debt” and then they used religion to foster this lie and created a belief system of self enslavement! Yes self enslavement, the people have done it to themselves by believing they are “debtors”. This is the key along with the belief that we have to “get to Heaven” by paying off our debts which this article suggests can never be done and that “belief” is our Achilles heel which the Banksters exploit.
So the solution is very simple actually and requires virtually no effort or major change. The problem is that the people are so accustomed to being enslaved and oppressed that they actually don’t want a simple solution which is exactly why the complicated farces are so successful and perpetuate the problem. Are you ready and willing to accept a simple solution even if it is so counter to your programming? The question at this point is at what point do I loose your interest and yet not lose your belief that you have read enough and suffered enough to accept the answer and feel like you somehow have earned it so you can posses it. Because that is all you know. You only know “work”, “sin”, “debt”, “servitude”, having a “boss”, accounts, and accounting, as so forth. You were taught that you are a sinner at birth and chant the daily prayer “forgive my sins/debts as I forgive my debtors” “trespassers” etc. etc. You spend lots of energy and “money” to go to school to learn how to be a better slave and a better idiot to be exploited. Ever notice how those with college degrees think they are better somehow than all the rest? It is almost impossible to talk sense to a “graduate” because they have an education and they know they are right because they learned it from school. Talk about a cult mentality. They are the very ones with enough expendable “income” to be the biggest polluters and they are just educated enough to be fooled into voting for all the puppets which will steal them blind and they will accept it. They believe they have “income” and yet have never looked up the word and discover that it is a commercial term and so they become “taxpayers” without ever creating a corporation and pay their corporate taxes like good graduates who have greater “income” than the poor uneducated self sufficient vender who actually creates substance and value.
So they go into “debt” and become “debtors” and believe they “owe” “money” which they must “pay” off by getting a good education and a better JOB than the next guy. So they are selfish, single minded and easily controlled, fooled and manipulated into working their asses off in a losing game. Never once thinking or believing that they are creditors, never once asking the Banks, Credit Card companies, Taxing so called “authorities” agencies of commerce, to prove the so called “debt”. You see the answer is right in from of us.. it is as Michael Jackson said “look in the mirror” and as historical writers “we searched for the enemy and the enemy was us” and other wise sayings that are so very true. You see without you believing you are a sinner, debtor, not good enough, going to hell and so forth the whole system will be revealed to have no teeth at all. Yes the answer lies within you. Think about it, the Creator (what or whoever you think that may be or by whatever you choose to name Creator is up to you), went to a lot of trouble to create a million billion universes and among them all there is one that just happens to be expanding at just the right rate so that “reality” exists as it does and among these trillions of universes this one universe has trillions of solar systems with suns and out of these trillions of solar systems one of them has a tiny sun which happens to be very stable and has many planets in an orbit around it and out of these planets one happens to be just the right distance so as to be cold and hot and just happens to have a certain unique substance called water that exists in all three forms solid, liquid and vapor which are all necessary to the ecosystem sustaining itself, cleaning itself and it just so happens to be spinning at just the right speed and on a tilted axis and has a moon which causes tides which causes weather changes which causes over billions of years an environment that supports life in many forms and these forms are edible and have the ability to seed after themselves and then there is man who can make many things form all sorts of substances found and man invariably believes in a Creator. All this was done and created for us, given to us free of charge. Everything is already ours, a gift freely given. So how on earth can we ever be debtors? We can NOT! That is the lie. We are not born of or in sin because sin is debt sin is death and we are alive! You see it’s all a lie. We can never be debtors because it all is already ours to use and enjoy as long as we like and for as long s we are here. Read Genesis again.. “and God separated the firmament from above the waters and from below the waters and God called the firmament Heaven”. Not “heaven” or earth or place of sinners, or debtors prison or any such thing but “Heaven”. You see it is all a lie. We can “obligate” obligate ourselves if we choose but never ever be debtors. It is impossible!
Next, remember that banks, governments, corporations, religion, beliefs, and the like are creations of man no different than a toaster created to serve man. Man is the creator and the God of them so how can God owe you anything and how can their Creator/God owe it anything? Can’t, that is the answer! Stop believing in false gods. “Thou shalt have no gods before me” who is “me” isn’t “me” me, you, us? Yes we are, yes you are. You create the belief and bind yourself to it and your belief is that “they are right”. Instead of believing what is plainly true as the nose on your face that you are the creator, grantor, maker and god of all things. You allow, create or promote all of what is in life, in your life, so why are you so unhappy? Because you have given your god ship over to the “enemy” greed, selfishness, arrogance, lust of power, and so forth and made money and debt your new god. So the Banksters simply control your god debt and thus control you the masses.
So the solution is to Stop, simply say NO to debt, no to greed, power, jealousy, selfishness and especially the haves and have not system which enslave all of us including those that impose it. Stop worshiping Debt and come back to being that heir, creator you are.
In the mean time a simple solution is to create public policy or an amendment to the Constitution that “Only banks may have debt”. Yup that easy. With the stoke of the pen, no more debt upon the people, all things go back to serving people instead of people serving things. In one sentence eliminate the haves and have nots regime. In one amendment remove the need for most laws, crime, greed, lobbyists, attorneys, corruption etc etc. because there is no “advantage” to any of it. No need to dominate, no need for war. The fiat money system is already in place we just need to remove the thieves and return to the people what is the peoples. You want something you go and get it in exchange for your “debt note” which then is deposited into a bank and the bank being the obligor to have debt keeps it and delivers the discharge to the corporation created to serve man what it needs to function. This way we do not need to sue sue sue, litigate, charge, jail, hang confiscate and so forth all the Banksters, Wall Steelers, and other criminal elements to “pay for everything they have stolen but instead turn them into real “banks of debt” as they should be. People will have to adjust a bit.. they will actually find a constructive enterprise to join in on and accomplish great things they enjoy doing that produces wonderful things that makes the world a better place. They will have to most probably clean their own huge houses or down size since the servants will probably be getting a house for themselves.. though my interviews with thousands of people indicates that people need to feel needed and will actually do much of what they are doing or similar because it give them a sense of accomplishment and they are good at it. People becoming the creators they were meant to be instead of the slaves they have self imposed upon themselves to day.
Well there ya have it.. can you handle the truth? Are you willing to do this little thing and change the world, your world our world? Start to meditate on it and then manifest it by granting it. What have you go to lose? Nothing. What have you to gain, everything, happiness, fulfillment, desires, security… and all the unalienable rights we have given up, traded to the enemy by believing that which is just not true anymore. Blessings = may your desires be fulfilled … truthmonger man.
Get your money out of the bank. Cash in your 401K and your pensions. The game is over and you only have time to jump from this sinking ship.
Jct: That won’t help, it will only crash the banks faster. What will help is starting or joining an underground LETS timebank so that bankers get no more interest on your transactions. Hitting them where it hurts, in the wallet. Also Youtube Argentine Solution