Monday, November 28, 2011

A Look Around the World

Fraud rules the day as everywhere the blinders are coming off at an astounding rate -

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.
To review, we go back to a time before the loan was even heard of, Sept of 2008 -
How much would it cost? Prof Kenneth Rogoff, former chief economist at the IMF, says the bill would run to at least $1 trillion. This would increase the US government debt from 48pc to 55pc of GDP (under IMF measures) - still lower than that of Germany, France, Italy or Japan. (Reminds me of the argument used for gas prices)
Oh, only a 48-55% increase in government debt, well at least we're not crazy like Japan. At least we're not selling our children into slavery with interest payments via the IRS.
Let's get a few things straight here:
  • "They" are not "us". If the banks fail, then let them fail! It is the consequence of their consummate greed in over-leveraging these loans. This money used for the bailout is coming out of your pocketbook and going into theirs. When was the last time a bank or corporation was this nice and allowed you to set your debt aside at their expense?
  • "You" will be left holding the bill. Your children and grandchildren will be held responsible for paying off this debt when it comes due.
  • This will not fix the real problem. Do you really think giving someone a free ride when they are being greedy is going to change the behavior? There is no negative incentive for them not to participate in the behavior.
  • The downside to this is way above one trillion - This figure is optimistic. If things get ugly, the taxpayers are holding tens, if not hundreds, of trillions of dollars in these "toxic" loans. Oops...
Could this be any more accurate? Now that the dust has settled, the national debt has increased by 50%, the economy is tanking again (it never stopped) and we find out that what they said was going to happen, did not in fact happen.(Try factoring in the cost of Fannie, Freddie, GM and other bailouts to get a very conservative idea of just how much this is costing you.) Of course all of this is with the implicit blessings of the Republicans AND the Democrats. And now will come the clarion cry that you, oh stupid taxpayer, are on the hook for all this. This leads us to our next story...

Under the ‘worldwide indefinite detention without charge or trial’ provision of S.1867, the National Defense Authorization Act bill, which is set to be up for a vote on the Senate floor this week, the legislation will “basically say in law for the first time that the homeland is part of the battlefield,” said Sen. Lindsey Graham (R-S.C.), who supports the bill.

The bill was drafted in secret by Senators Carl Levin (D-Mich.) and John McCain (R-Ariz.), before being passed in a closed-door committee meeting without any kind of hearing. The language appears in sections 1031 and 1032 of the NDAA bill.
My oh my, the Republicans including the last presidential candidate, want to go against Posse Comitatus and start using the military on U.S. citizens? Noooo....who would have seen that coming way back in Mar of 2010 during the recovery?
At some point, the counties will have no point but to virtually declare war on these areas as they first deploy their National Guard, oh wait they're in Iraq(n), appeal to the Pentagon for help containing the problem. But then again, there's that whole Posse Comitatus problem.

Eventually all laws that secure liberty will be viewed as the enemy as they "prevent' the police/military from "doing their job" and will be repealed. But first, urban warfare.
Of course, The Real Effect has been covering this exact scenario for its almost seven year existence.

"But, but..." you say, we're fighting the dirty, dirty arabs. Oh really says I, then please explain this -

The same Al-Qaeda terrorists who fought U.S. troops in Iraq and helped NATO overthrow Colonel Gaddafi are now being airlifted into Syria to aid rebels there in toppling President Bashar al-Assad.

Libya’s transitional ruling authority has agreed to send weapons and fighters over to Syria to help the Free Syrian Army fight government forces.

“There is something being planned to send weapons and even Libyan fighters to Syria,” a Libyan source told the London Telegraph, speaking on condition of anonymity. “There is a military intervention on the way. Within a few weeks you will see.”

In a separate piece, the Telegraph also reports that terrorist commander Abdulhakim Belhadj, now head of the Tripoli Military Council, “met with Free Syrian Army leaders in Istanbul and on the border with Turkey,” after being sent there by Mustafa Abdul Jalil, the interim Libyan president.
You got that? The terrorists are now our allies as we start going after Afghanistan, Iraq, Pakistan, Libya,  Syria. (And by proxy Russia, Iran and China) Of course, we've got that covered too.
Look for continued unrest with some governments getting overthrown. But as I indicated earlier, the globalists are literally banking on this to occur. We are still not there yet though. More riots need to take place, some shots, some new faces and then, we go to war.
Getting the picture yet? 

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