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Posted on 01/17/2012 8:02:21 AM PST by al_c
Who’s Really To Blame For America’s Catastrophic Financial Meltdown And Devastating National Recession?
Contrary to what the “Occupy Movement” might tell you, it’s not greedy Wall Street executives. No, as one of America’s top financial professionals reveals in this shocking new book, the real culprit is economic warfare, with our foreign enemies exploiting our lurking financial weaknesses.
In Secret Weapon, Kevin D. Freeman unveils how all the evidence – including motive, means, and opportunity – points to America’s foreign enemies as deliberately pushing our economy over the brink. In this stunning expose, Freeman reveals:
* The evidence linking Communist China and Islamic finance to economic warfare against the United States
*Why initial reports linked the 2008 stock market crash to economic terrorism – and why the Obama administration continues to look the other way
*How the financial attack unfolded – and how the perpetrators tried to cover their tracks
*Why you should expect another financial attack even more devastating than the last one – and how you can protect yourself from it.
In Secret Weapon you’ll learn what our enemies know and what the Obama administration has chosen to ignore – that our financial system is profoundly vulnerable to financial terrorism, and that we are being targeted for further and even more destructive attacks by our enemies, who want to cripple America as the world’s leading economy. If you want to protect yourself and protect our country, then you need to read Secret Weapon to understand how we have entered a new age of warfare – an age our enemies want to make the Dark Ages of the United States.
Since the time LBJ inaugurated The Great Society, half of this country has developed a welfare entitlement mentality, and the self-serving politicians have been much too eager to oblige. The insatiable government is taxing and spending more than the country can sustain. Like the brainwashed peoples freed from behind the Iron Curtain, it will take our people generations to unlearn the communist tendencies that our government, media and schools have wrought. If there is not an electoral revolution in 2012, our country is finished.
Paulson: Crazy Putin Pushed China To Dump Fannie Bonds And Crush The U.S. Financial System
http://www.freerepublic.com/focus/f-news/2440411/posts
Paulson claims Russia tried to foment Fannie-Freddie crisis
http://www.freerepublic.com/focus/f-news/2440456/posts
“Then Glenn went on to bash Newt, made me sick”
I actually liked the show better when Glenn was out with back trouble.
Yup, it was Chinese and Islamic terrorists who lent hundreds of billions of dollars to people who could never pay it back so they could buy houses the never could afford, so that some unsuspecting banker could bundle those loans and sell them to the Chinese and Middle East investors.
No, but somebody removed the right card from the house of cards on purpose at a crucial moment. Can’t wait to read this book. Regnery does it again.
I’m pretty sure the Chinese had something to do with Shanghai.
This is garbage conspiracy rot.
The financial meltdown was a result ultimately of the repeal of Glass-Steagall and a deep capture of SEC and Congress by investment bankers, their surrogate hedge funds and insurers.
No one has gone to prison yet even as the malfeasance makes Enron look like a kindergarten playground.
Got me!
I noticed that after I posted it.
My intent was regarding the decline of American cities, which was what the article was about, and at least, the right side of my image!
I noticed the error after hitting the post button...
:)
So that was the only thing that caused the meltdown?
Are you not open to the possibility of there being many elements ... including this topic ... that contributed to our current financial state?
There are no doubt many factors in play and foreign intervention is one of them.
But take away the events emanating from repeal of Glass-Steagall and the current mess would never have developed with such effect.
Foreign interventionism is a mere drop in the bucket of poison that was filled by greedy banks and their surrogate hedge funds.
Banks set up rogue filled wild west mindsets in hedge trading subsidiaries. For example, Bank of America Securities. Such subsidiaries were populated by nefarious gunslingers who convinced bank executives that they had to run their hedge funds in ruthless fashion because the market was ruthless.
Hence, we had the establishment of MERS; we had deeds of trust deposited into pools with no legal or legitimate beneficiaries: we had decoupling of notes from their security; we had false insurance cleverly labeled as credit default swaps so to evade insurance regulation and so much more. All of this behavior emanated from the permitting of rogue dealers in the markets linked to 100:1 leverage money coming from Investment Banks who obtained cheap money from the Federal Reserve, an agency with little to zero oversight. And all this behavior stemmed from repeal of G-S.
You should keep in mind that the Big Apple financial media is joined at the hip with the banksters and they put out garbage everyday to distract whoever is foolish enough to read their rot. They lay blame on Greek Debt, Italian Bonds and anything and everything else outside New York.
And the result is that not one bankster criminal has gone to prison. And this is for the simple reason that they are playing Russian Roulette with our Federal Government, and our Government is backing down.
Our government is backing down because the nature of the problem is not transparent and obfuscated. And the reason for this lack of transparency is because there has been no strident investigation to bring the facts to the public. Our Government will not investigate because bank failure could mean the US Government FDIC could be on tap for 50 to 75 trillion or more.
They, the banksters, are holding a gun to our head.
So go ahead and talk up foreign conspiracy, Soros evil genius and so forth. In so doing you will make the scum of Wall St., smile at your acceptance of membership into their useful idiots club.
Wow .... I enjoyed reading your post up until that snide comment. Do you even know how to debate w/o reverting to childish tactics like that?
Banks set up rogue filled wild west mindsets in hedge trading subsidiaries. For example, Bank of America Securities. Such subsidiaries were populated by nefarious gunslingers who convinced bank executives that they had to run their hedge funds in ruthless fashion because the market was ruthless.
Hence, we had the establishment of MERS; we had deeds of trust deposited into pools with no legal or legitimate beneficiaries: we had decoupling of notes from their security; we had false insurance cleverly labeled as credit default swaps so to evade insurance regulation and so much more. All of this behavior emanated from the permitting of rogue dealers in the markets linked to 100:1 leverage money coming from Investment Banks who obtained cheap money from the Federal Reserve, an agency with little to zero oversight. And all this behavior stemmed from repeal of G-S.
I agree 110%.
Yes it was over the top and I should have written it as:
“So LET THE READER go ahead and talk up foreign conspiracy, Soros evil genius and so forth. In so doing SUCH READERS will make the scum of Wall St., smile at THEIR acceptance of membership into their useful idiots club.”
It really was for readers of the thread as I note your original comment was fairly presented. My apologies.
I have a hard slap edge to my writing. I use it to get attention and then fill the shock moment with useful and accurate information. This is one reason, perhaps the only significant reason I like Newt Gingrich because he does the same.
And by the way of more information on me, I am over 50 years old, single father of a 5-year old boy. We sometimes watch the 3 Stooges, and enjoy the stupidity.
SLAP! LISTEN!
Unfortunately, the stupidity of Congress is not enjoyable.
Unfortunately, the stupidity of Congress is not enjoyable.
I totally agree!!!! And I like the stooges too. :-)
Warren Buffett describes credit derivatives as “financial weapons of mass destruction.” George Soros identifies credit default swaps and unlimited short selling as instruments used to carry out the bear raid on Lehman Brothers that triggered the 2008 financial meltdown. Hedge fund billionaire Leon Cooperman insists that short selling should be restrained by reinstating the uptick rule and that limits should be placed on credit default swaps and high-frequency trading before it’s too late. John Mauldin, a best-selling author and online commentator for over a million readers, calls credit default swaps a continuing crisis and an incipient debacle. Jim Cramer of CNBC fame labels credit default swaps, high-frequency trading, and leveraged ETFs “dastardly devices.” Marc Cuban, another billionaire investor, equates high-frequency trading and leveraged ETFs with financial hacking, arguing that they have ruined the market.
These individuals—experts in financial markets from across the political spectrum—have each argued that many of today’s financial instruments are extremely dangerous. All seemingly agree with Mr. Buffett that they represent financial WMDs. There should be no doubt that these financial WMDs played a significant if not defining role in the near Armageddon of 2008-09 that wiped $50 trillion of global wealth from the planet’s balance sheet. Yet, three years later, we have done virtually nothing to understand let alone disarm them.
Click the link for more.
Thanks for the link and yes, I am aware of all those aspects of the financial damage and destruction.
But I have gone beyond the mere pointing out of ‘dastardly’ instruments and rule changes (e.g. uptick).
I have gone into a search and assessment of the behaviors that led to such destructive instruments and rules.
Because all the things your link points out are at root the creation of men and women, and the real question is what allowed the internal demons of the rulemakers to take control?
Wall St. has people with internal greed streaks that are contained and quelled by law and enforcement. Take away the law and enforcement and one will witness the return of Tammany Hall crossover into banking.
http://online.wsj.com/article/SB10001424052970203716204577016092542307600.html
What allowed Tammany Hall to crossover to banking? It was the repeal of Glass-Steagall.
Willie Sutton, when asked the question of “Why did you rob banks” replied “because that’s where the money is”.
And one of the money quotes in the above link is:
“The future of his city worries Mr. Siegel. Forty years ago, New York had the most manufacturing jobs in America. But as the finance sector’s share of the national economy grew to 23% in 2007 from 7% in 1980, New York turned almost into a one-company town. Meantime, the growing claims on the public purse by those who make little to no contribution to the economy have driven up taxes and the costs of doing business.”
And how was the NY financial sector going to sustain the Big Apple with its new public sector Tammany Hall? The answer was it wasn’t able unless it could figure out where the money was, and the money was in banks.
The repeal of Glass-Steagall allowed Tammany Hall to rob the banks.
All of the HFT, CDS. MBS, 100 X 1 Leverage and the like are artifacts of the behavior.
And this robbery was not in the name of Capitalism which is a constructive force in human events. But the robbers used the cloak of Capitalism to fake out the wise guys with inquisitive minds, much in the same manner of Romney’s Bain Capital which is more aptly named Bain Vulturism.
Sorry ... should’ve specified that this was just a post to the general topic, not directly to you. But thanks for the added info.
http://www.c-spanvideo.org/program/304602-1
This is the link to the “Secret Weapon” Book TV event from C-SPAN... If the program doesn’t start immediately, be patient; the tail end of the previous program is being shown, and “Secret Weapon” follows.
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