Use access key #2 to skip to page content.

alstry (35.42)

The Key Issue-When The Bankers Are Fraud

Recs

3

November 20, 2010 – Comments (1)

Money is the lubricant which drives our secular society.....it is what we use to buy food, clothing, and shelter.....it maintains our society....it is the primary consideration of contracts

....we built a rule of law for a system from which we could function with trust.....and no nation in history enforced the rules with more integrity than America for many years.

In the past thirty years...America has transformed from being a manufacturing/production driven economy to a finance/production driven economy......so now.... instead of money being generated from making stuff and then spending it.....money is generated from borrowing and then spent on stuff......

Without borrowing today, we would not make or consume much stuff........and the bankers know this as it is their lending and they are in the position of "God" in this equation....he who they want to lend has money to spend....and he who can't borrow, can't spend unless he can get money from someone who was able to borrow.

Initially, we borrowed the money to keep the system functioning.....and most of the borrowing was generated in the private sector.....so our private sector drove our economy.  But around 2006, the bankers started to cut off the private sector from credit and much of our private sector economy imploded...especially new homebuiling now down about 80% and auto sales down about 40%..

As a result of the private sector crashing, debt started defaulting all over the place......and in such large quantities that most of our banks were insolvent.  Instead of restructuring the debt and the banks.....we simply let the debt default and allowed the banks to lie about their finanicial condition.

IT WAS THE FIRST TIME IN AMERICAN HISTORY THAT WE ALLOWED GOVERNMENT SANCTIONED FRAUD ON A CERTAIN SEGMENT OF THE POPULATION AND DIDN'T ALLOW SUCH FRAUD ON THE REMAINDER.

As a result the insolvent bankers got billions in bonuses and millions of Americans lost their jobs, homes, and life's savings....incredible if you really think about it for a nation built on the rule of law and our Constitution principled on fairness and justness.

In exchange for bailing out the bankers.....the bankers struck a deal with out politicians that they would loan the government enough money to keep it functioning to make up for the decrease in tax receipts.......despite the fact that the private economy was continuing to implode and tax receipts were no where near enough to pay politicians and government worker salaries.

Tax receipts dropped so low and government needs have become so high that bankers could no longer find third parties to fund the deficit.....so instead of government cutting back spending.....the bankers started simply printing money by counterfeiting instead of borrowing.....THE FIRST TIME THIS HAPPENED IN OUR HISTORY AS WELL.

Consequently, government no longer needed the tax receipts of its citizens or loans from foreign governments to operate....they had bankers counterfeiting as much money as it needed.

NOW GOVERNMENT SPENDING AT ALL LEVELS DIRECTLY DRIVES ABOUT 50% OF THE GDP....AND SUCH SPENDING DRIVES THE VAST MAJORITY OF THE REMAINING GDP INDIRECTLY.

Our economy has transformed into one where our government borrows COUNTERFEIT MONEY and spends it so our citizens can consume and bankers get billions in bonuses as the private sector continues to shut down.

Now....the only question is how long will the world continue to accept our counterfeit currency?  You are seeing the pushback already in the form of higher prices and trade/currency flare ups........

and the KEY ISSUE is what is our economy if we are not counterfeiting and spending?.....and when you sit back and really think about it...........it is not very much.

$1.5 Trillion dollars is handing 50,000,000 families of four $30K per year.......and you can be assured that such spending drives the incomes and tax receipts for tens of millions of additional families......which drives even more government spending......

AT THE END OF THE DAY.....AFTER HAVING OUTSOURCED MOST OF OUR MANUFACTURING AND PRODUCTION.......OUR ECONOMY IS NOW PRIMARILY BEING DRIVEN BY GOVERNMENT SPENDING COUNTERFEIT MONEY.....IT IS HOW MOST AMERICANS CONSUME and THE BASIS OF MOST OF OUR "INVESTMENTS" MAINTAINING PERCEIVED VALUE....

COUPLE THAT WITH THE FRAUDULENT ACCOUNTING BY THE BANKS AND YOU CAN SEE THE EXTENT OF THE MESS.....

Basically......our entire financially driven economy is built upon a house of cards of defaulting debt and ever increasing counterfeiting.....as the private sector gets cut off of credit and continues to shut down.......

ACTUALLY, NOW THAT WE ARE COUNTERFEITING....THE PROCESS IS REMARKABLY CLOSE TO A PONZI SCHEME AND BERNANKE AND THE BANKERS ARE  PLAYING THE ROLE OF MADOFF

You are seeing the anger start to rise as more and more realize the unjustness of this process......and the unsettling part is it is being driven by bankers acting criminally through counterfeiting money and fraudulent accounting............

The only issue now is where does this go.....if we enforce the fraud....the system as we know it collapses.....if we don't enforce the fraud and continue with the current Zombulation process.....in short order, America will not have much private economy/property and our currency will soon be worthless.

You can see the tensions between the people and fraudulent bankers start to rise and become more mainstream..........at the end of the day.......what happens when you put your trust in the banker god and the banker god is no longer trustworthy?

1 Comments – Post Your Own

#1) On November 20, 2010 at 11:46 AM, alstry (35.42) wrote:

The Key Issues To Fraud.....

The bankers were making trillions of dollars of loans to parties they knew could NEVER pay back the loans.....

PLUS....

The bankers confirmed that the loans could never be paid back by cutting back credit to those that they were lending to.....

Then we bailed out the bankers and NOT the citizens?

Not a bad gig if you can get it.....commit fraud and get bailed out.......but if you are Madoff, you go to jail.

Report this comment

Featured Broker Partners


Advertisement