It always disturbs me when journalists write about something and only report about the, from above, given explanation. It’s like having genital warts but ignoring both the reason for it and what to do about it. Instead of rubbing on some cream, take the pills, visit a doctor or start an investigation why those warts popped up in the first place, you only conclude you have warts. In the meanwhile you keep on doing unmentionable things to prepubescent Altar Boys, to the mailbox or whatever rocks your boat, leaving the disease to work its magic throughout your body.
One such example of ignoring the surrounding facts, the real background story and the real solution to a problem is when papers write about our current economic depression. The people that are supposed to monitor the elitists, report about wrongdoers in the administration and give the general public knowledge on what’s going on, are instead refusing to dig into stories. Even worse than that, they hide facts, they cover up the really juicy bits and refuse to give any alternative explanation.
I have already covered several such examples, but there are more of those that need to be looked at.
For example one Swedish paper writes about the Lehman Brothers today and, among other things, claims that when this financial institutes crashed it was the real beginning that kicked off our economic predicament. This is a false statement, but clearly one of those fabrications our enemies wants us to believe in since I have read similar cover stories in other papers. The problems where created long before and so many events took place before Lehman brothers went down, that this particular event is rather a miniscule stone on a road filled with gaping holes.
The paper in question also mentions AIG, Goldman Sachs and quotes Timothy Geithner, the US treasury secretary, one of those behind the plot to save AIG, and one of those behind letting Lehman Brothers go out of business. This wasn’t strange or had anything to do making tough choices; it was pure greed-calculations, nothing else. Look at the people in the Obama administration, its pure Wall Street and do you know from what firm these lobbyists mainly come? Goldman Sachs. How about that?
Henry Paulsen, former CEO of Goldman Sachs, was the one that decided to let Bern Stearns fail, a major competitor of Goldman Sachs. Lloyd Blankfein, Chief executive of Goldman Sachs, together with Henry Paulsen then decided to bail-out AIG for $85bn, the biggest payout of $12.9bn from AIG after this bail-out went to… *drum roll*… Goldman Sachs! And this just a couple of days after the same people deciding to not bail-out Lehman Brothers, the biggest competitor of Goldman Sachs.
Steven Friedman, former chairman Goldman Sachs, now at Federal Reserve, had the task of overseeing Goldman Sachs. And do you know what Friedman did during his “overseeing”? He bought 52000 shares in this company he was elected to oversee, and earned $3 million in the process. Mark Paterson, Goldman Sachs lobbyist, is chief of staff of Timothy Geithner. And the list just goes on and on.
In how many papers have you read this?
But this scheme does not stop there, Goldman Sachs got a huge bail-out from the Government they paid back just months later, because suddenly, with less competitors and tunneled money from AIG they were making money again.
And this is just one example, there are many more and no journalists are writing or talking about it. This is theft, robbery, and systematic fraud. It’s the biggest bank-heist of all time and it makes criminals like Bernard Madoff looking like a shoplifter.
You cannot make this stuff up, it goes beyond cartoonish. No arch-enemy of any superhero could have come up with a more sinister plan. And this is the main reason for fiscal conservatives, libertarians and lots of other groups going out in masses rallying. People that haven’t demonstrated their entire life are waking up.
You might think this is bad, and it is, but the worst thing about this whole scheme isn’t the frauds or the thievery, it’s not even the fact that American taxpayers are writing the checks. The worst thing about this whole mess is that the basic faults, the very foundation of this crisis still remains. There are still different swaps going on. Financial institutes are still buying troubled assets, exchanging defaulting housing loans and propping up each other’s stock values and this time around it’s much worse since all that money comes from the government and it’s only consistent of air. And this is why the stock market is going up! Its phantom money - the American government has used the printing machine to bail-out their banking buddies and the banksters in turn are creating massive amounts of fictive values while the main problems still lurks behind the scene. It’s a bubble of massive proportions that WILL BURST. The math doesn’t tell lies.
If you don’t believe me, take a look at the US banks that have failed so far, well over 80 of them by now. Every single one of those banks have been written down (sometimes with over 50%!) because there is only air in the numbers, no real value. And how many of these tricksters and fraudulent thieves are incarcerated? None of them! In the meanwhile the government is overcrowding jails with harden criminals like pot-smokers and file-sharers. To me it’s a wonder that the American people isn’t shooting at officials, storming the capital building and stringing up banksters on lampposts all along Wall Street.
As this crisis rages on, which it does, no matter what journalists write or politicians say, sooner or later those next crashes will hit and when they do, no matter if it’s a month or a year from now, it will change the US and the World forever, but you will not see any reporters say that, because they are too busy listening to the man.
