If I hadnt read about it I would have ignored al these devastating facts regarding the BAilout Deal.Please read carefully: I feel betrayed and it should NEVER BE AACCEPTED TO HAPPEN!!!!contributing to this story were David Lightman, Barbara Barrett, Lisa Zagaroli, over the past two weeks I have listened in amazement to all the major news outlets tell the americanbr /people they cannot possible understand what is happening on wall street. we simple need to trust the people in charge.br /okay, but ;br /I submit that the banking problem is not difficult to understand. it is in fact very easy to understandbr /and the reason no one is explaining what happened is because the
country would be outraged.br /let me explain it. let me explain it with an example using simple numbers. lets say a bank has a millions on deposit. that means it can lend a million dollars if it secures collateral to secure the loan.br /br /in simple terms a bank that has a million dollars can offer loans for 100 homes worth 100,000 each. when you come in for the loan the bank pays either the builder or the former owner the $100,000. thenbr /you pay back the loan with interest. the interest is the profit for the bank and as the bank makes loans the value of the banks stock goes up based on the interest due. these loans are secure because if you default on the loan the bank can repossess your home and sell it to someone else and there is no threat to the original investment. this process used to be strictly regulated by the federal government. then along came george bush., who said the banks dont need regulations; we will let them do whatever they want, and because most bankers are white male republicans, letting them do what they want will be good for the economy.br /br /the federal reserve bank, which is a key player in all of this, said banks are now free to lay off their loans. what does that mean? it means if you go to a bank and ask for $100,000 the bank can pay the buyer or the previous owner, then they can sell the loan to a third party.br /br /using our original example, if a bank had a million dollars in deposits before george bush they could make 100 loans for 100,000 dollars, and the 100,000 dollars was secured by 100,000 worth of real property. with no regulations, the banks can now make unlimited loans and it does not matter how much money they have or how much collateral they have. what typically happened is the banks sold the loans to china. this means the bankers were paid the 100,000 by chinese banks plus half the interest and the chinese bank keep the other half of the interest. so for example a bank with a million dollars in deposits could easily make two million dollars in loans. the SEC removed its regulations of the banks so that the bank could say that it was worth two million dollars, which then doubles the value of the banks stock and most of that stock is owned by the bank executives.br /br /what happened ? the courts in the United States rules that laying off loans in this manor was illegal and that the second
party bank (in this case the chinese banks) had no legal claim on the collateral for the loan. what does that mean? its real real simple:br /if you buy a home and the bank sells your loan and you stop payment on the loan the bank cannotbr /repossess your home. you cannot lose your home. no one can do anything about it. that is the current legal situation.br /br /so that means chinese banks have close to a trillion dollars in worthless loans based on the decisions of the courts those loans have no value. the reason they have no value is because the secondary bank cannot foreclose on the home and take possession of the home based on failure to pay the loan.br /br /the banks sold china commerical paper that has no value, based on the laws of the united states when you sell something that has no value and you represent the idea that what you sell has value you are committing a crime. the crime is called fraud. what the banks did is no different than if I were to sell you the brooklyn bridge.br /same thingbr /so in very simple terms that everyone can understand despite what the news tells us, every major banking institution in the country has committed massive fraud. fraud worth more than a $1000 is a felony punishable by ten years in jail. because home loans are typically for more than a $1000 every banker in this country faces serious jail time. but only if the justice department has the courage to take action. in my experience the justice department takes the position that it is not possible for white republicans to commit crimes. the justice department believes that criminal behavior is limited to non europeans, so dont expect any massive arrests.br /so what was it that congress wanted to do?br /banks stay in business by using their collateral to borrow money from each other; this is called liquidity. if the banks are holding worthless loans, they have no collateral to secure their loans and the banking business comes to a standstill. so congress proposed that the american people buy the worthless loans.br /what does that mean? it means the minute we buy them they will have no value. we will never recover the loss and the idiots who are telling us we will make money on the deal on lying.br /so why does congress want us to buy the loans? it means the banks can essentially commit fraud twice.br /they commit a crime, and then double their money by committing the crime twice. that is insane!br /so how did they propose to do this? one clause in the legislation said that the bank bail out could not be reviewed by the courts. this means the administration and congress joined hands to nullify the power of the courts. if you look at the US constitution, it says that no two branches of government can unite to nullify the power of a third branch of government. if the recent banking legislation had passed, it would have effectively destroyed the US constitution. based on federal law any conspiracy to destroy the US constitution is considered a crime. the crime is called treason.br /br /based on the written laws of the United States and based on the fundamental principles of the US constitution everyone who voted for that legislation is guilty of treason. so that is the overview in broad strokes, but god is in the details. once you look at the details it becomes even more bizarre. the federal reserve bank controls the banking industry in America. they came up with this idea and they put the process in motion. they are the criminal masterminds who literally stole billions of dollars from innocent investors around the world.br /so who are these people? based on the laws of the United States it is illegal to reveal the names of the owners of the Federal Reserve bank. it is illegal to publish their names and it is illegal to publish how much money they make. in other words, it is a crime to identify the criminals. I am not joking. but the insanity does not stop there. the federal reserve bank has permission from the US government to print money. so the one trillion dollar bailout will not be paid by money from the US treasury. the US government will borrow the money from the Federal Reserve bank, which simply creates the money by pushing some buttons on a computer, then we pay the bank interest on lending us money that never existed, has no backing, and was simply created from thin air. so the bankers make money simply by printing money. when I was young the banks could only print money that was secured by gold,br /but Nixon took the dollar off the gold standard and now we print money whenever we need it.br /that is the reason for inflation. it is the reason why when I was young coffee was ten cents a cup and now its two dollars a cup. and here is the big kicker; the only thing we know about the federal reserve bank is that its true name is the bank of England.br /br /the unknown bankers who created this criminal conspiracy made money on the original loans they made money selling the loans now they want to make money by having the taxpayers buy the worthless loans for a second time. then they want to make money by lending us the money to pay for the worthless loans. Yes, that is what is happening. the US constitution says that the US government has the right to print its own money, but instead of doing this we pay the bank of england to print dollars. two presidents have tried to print money and shut down the federal reserve. they werebr /drum roll pleasebr /they werebr /abe lincoln and John F kennedy. lucky break for the bankers that they did not
live to implement their plans.br /br /what is going on here? the federal reserve banks used AIG to create the useless loans. AIG is the insurance company that the US taxpayers have already bailed out. so who is AIG? AIG board of directors George Bush Sr and Bill Clinton. which is why clinton is supporting mcain. why would he support mcain?br /the answer is simple: the banking fraud we are witnessing today happened twice in the past the first time led to the great depression. the second time was the SL scandal of the eighties during the reagan administration. the man held responsible for that massive fraud was John Keating. John had two partners who escaped prosecution ; Jeb bush, Georges brother and another drum roll please;br /John Mcainbr /br /we do know the name of one person who runs the federal reserve bank; lord Rothschild. for the past month his wife appears on Fox News every other day to tell us that she has switched her supportbr /from clinton to mcain. of course she has. if mcain is president he cannot go after the bankers without exposing his own participation in a similar scheme twenty years ago. Hello. so the news media tells us that the problem can be fixed by following the guidance of secretary Paulson. Okay. paulson was teh ceo of lehman brothers. he was knee deep in the fraud before coming to Washington. when he left lehman brothers the company gave him a billion dollar bonus. that is one billion with a BEE for his role in selling the chinese worthless morgates.br /so what does this mean to you and I? george is paying for the way by borrowing 2 billion dollars a day from the Chinese. the chinese have said you screwed us so no more loans. that means the federal reserve will print more money to make up for the loss, which means the dollar will be worth less and less. that fact that the dollar is worth less and less on the global market is the reason why the price ofbr /gas is so expense and it is the reason why food is so expensive. and nothing being done in washington is going to change that for the average person struggling to make ends meet. my estimation is this:br /the thirteen members of the federal reserve banks each made about 250 billion dollars each off this latest crisis, and it is against the law to know their names. if that doesnt make you just a little ticked offbr /check your pulse. and please correct me if I am wrong but none of this is hard to understand.
Similar posts: health insurance plans
![[info]](http://l-stat.livejournal.com/img/userinfo.gif)
healthandstrong