Friday, September 18, 2009

The true story of our approaching doom – Part III

We have looked at how the stage has been set by our enemies in part I, we learned how our banking and finance system works and how money and interest rates are being used to create this scheme in part II, now let’s look at what really happened this time around.

I say “this time around” because similar events have lead to crises before, and will again and again and again; it cannot stop until we end this horrible system.

Our enemies want us to believe the following three things:

1) Too few regulations caused greedy people to take advantage of the system. Often enough Bernard Madoff is portrayed as a shining example of greed, too much capitalism and few regulations.

2) It was the free market that collapsed and we had a credit-crunch with too little money being available within the system.

3) Lehman Brothers collapsing was the real start of the down going spiral.

The answer our elitists then hand us is that we need more regulations, more government, and lots of more credit available. We also need to have more world wide solutions with maybe global taxation on financial flow, a world currency and much more cooperation between countries.

All of this is lies. It’s the continuation of the same scams that lead us into this mess in the first place. It’s a smoke-screen behind closed curtains hidden within a mirage filled with mirrors and magic tricks. The ringmasters of our impending doom is trying to fool us again in order to press that 2by4 further up our collective arses before the shit truly hits the fan.

While pundit-tricksters and fraudulent banksters is feeding us these lies, lazy journalists either sit around on their fat behinds translating fictive reports or are actively participating in the giant cover-up by only printing the fabrications and ignoring the real facts. Elected criminals only care about their own re-election and to show how they “do stuff”, not really caring what they do, the important part is to show us, the voters, that they react. “Oh, that’s horrible – I propose this law!” – is solemnly proclaimed in different ways over and over again. And they have tons of money, the printing press have never worked harder, so stimulus all around!
In the real world, this crisis was created a long time ago. Further down you can watch another example of how and why, but in order to make a long story short, what you need to know is the three actual facts:

1) We had too many regulations, too many hinders, and Madoff is a small time crock in comparison with many of those true master-criminals still roaming free within our financial system.

2) It was over excessive intrusions of government and central banks that created this mess. It’s not only the government entities of Fanny May and Freddie Mac that’s helped out with the madness; there are a lot of government intrusions creating problems. And we have too much money in the system; the present of cheap credit is what got us into this crisis, so we don’t need more.

3) Lehman was not the first or the last financial institute going down, and they are only a small symptom, like a spot among many. Consequently Lehman Brothers going out of business was neither the start of the crisis nor what made it worse. That’s a complete lie.

Although, to a certain extent, we can sum up the cause of our current economic crisis in one word — GREED. Over the years, mortgage lenders were happy to lend money to people who couldn’t afford their mortgages, even if this is most obvious in the US, the same goes on pretty much everywhere. But they did it anyway because there was nothing to lose and a lot to gain. These lenders were able to charge higher interest rates and make more money on sub-prime loans. If the borrowers default, they simply seized the house and put it back on the market. On top of that, they were able to pass the risk off to mortgage insurer or package these mortgages as mortgage-backed securities. Easy money!

The whole thing was one big scheme. Everything was great when houses were selling like hot cakes and their values go up every month. Lenders made it easier to borrow money, and the higher demand drove up house values. Higher house values means that lenders could lend out even bigger mortgages, and it also gave lenders some protection against foreclosures. All of this translates into more money for the lenders, insurers, and investors.

Unfortunately, many borrowers got slammed when their adjustable mortgage finally adjusted. When too many of them couldn’t afford to make their payments, it causes these lenders to suffer from liquidity issue and to sit on more foreclosures than they could sell.

But now all is fine right? Those banks have cleansed those toxic assets and wannabe defaults? Right? Wrong. Almost all of them are still in the system; in fact there are more of them. And looking at UK and US banks, they are mainly selling these houses to, tada! Themselves! I have already covered most of this scam in other posts, just keep in mind that nothing has changed, the problem is still there, now inflated through even more government intervention and lots and lots of more fiat money.

But before all this happen people in the western world have been producing less and less while consuming more and more. Worst of all places is the US of A where over 70% of the economy is consumerism, and how do Americans (and many others) pay for this consumption? By borrowing. Not only direct borrowing via the consumer or companies, but also making the best use of the USD. As the world reserve currency the federal reserve have been able to print lots of money and the US government have been able to issue more bonds than otherwise would be possible. All this goes on while the government keeps expanding and more and more regulations come into being. Lefties often argue the opposite, which just goes to show you how deluded those people are.

Basically, the crisis was created by government, worsen by bankers and now they are doing everything all over again. During the last crisis when the bubble burst, they inflated the bubble again to avoid a real downfall, now we see the aftermath of those actions. Now they have done it again, the same damn thing. But this time around it’s much much worse. The bubbles, the inflated madness and all the things that has been down and will be done is creating the worst disaster ever known to man.

Please watch this movie:

1 comment:

  1. Buy Gold and buy it big, this is not going to be nice.