Posted on 04/21/2009 1:51:18 AM PDT by FromLori
10 reasons why Wall Street has absolute power over America's democracy
By Paul B. Farrell, MarketWatch Last update: 7:13 p.m. EDT April 20, 2009Comments: 22 ARROYO GRANDE, Calif. (MarketWatch) -- Two mind-numbing fast-paced dramas. Two parallel worlds. One real, one fiction, both deadly. Jack Bauer, mythic hero of "24." Dying from a deadly bio-pathogen leaked from weapons developed by Starkwood, a rogue mercenary army attacking the presidency, hell-bent on taking over America. The other drama in play: "Hank the Hammer" Paulson, iconic Wall Street hero, a Trojan Horse placed inside Washington by Goldman Sachs as Treasury Secretary in control of America's $15 trillion economy. Goldman, a modern dynasty with vast financial powers much like those once used by the de' Medici, Rothschilds and Morgans to control nations.
(Excerpt) Read more at marketwatch.com ...
LLS
Saw something about the Goldman plot on a marketwatch comments to an article yesterday...not sure if I can find it again....
Catherine, Financial Permaculture, Money & Markets and News & Commentary
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April 16, 2009 at 12:04 pm
Goldman Sachs is very much in the news these days. We thought we would aggregate the stories under one roof along with our favorite quote on the firm from a taxi driver in Kuala Lumpur:
“Why does Goldman Sachs run your government? What’s wrong with America is that it’s run by investment bankers, mostly from the same bank. How can Americans stand for it? Is Barack Obama from Goldman Sachs, too?”
If you do I would like to see it!
Goldman Sachs hires law firm to shut blogger's site
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From the UK Telegraph...2:16PM BST 11 Apr 2009
By James Quinn, Wall Street Correspondent
The bank has instructed Wall Street law firm Chadbourne & Parke to pursue blogger Mike Morgan, warning him in a recent cease-and-desist letter that he may face legal action if he does not close down his website.
Florida-based Mr Morgan began a blog entitled "Facts about Goldman Sachs" – the web address for which is goldmansachs666.com – just a few weeks ago.
In that time Mr Morgan, a registered investment adviser, has added a number of posts to the site, including one entitled "Does Goldman Sachs run the world?". However, many of the posts relate to other Wall Street firms and issues.
According to Chadbourne & Parke's letter, dated April 8, the bank is rattled because the site "violates several of Goldman Sachs' intellectual property rights" and also "implies a relationship" with the bank itself.
Unsurprisingly for a man who has conjoined the bank's name with the Number of the Beast – although he jokingly points out that 666 was also the S&P500's bear-market bottom – Mr Morgan is unlikely to go down without a fight.
He claims he has followed all legal requirements to own and operate the website – and that the header of the site clearly states that the content has not been approved by the bank.
On a special section of his blog entitled "Goldman Sachs vs Mike Morgan" he predicts that the fight will probably end up in court.
"It's just another example of how a bully like Goldman Sachs tries to throw their weight around," he writes.
Speaking to The Daily Telegraph, Mr Morgan explained how he went through a similar battle with US homebuilder Lennar a few years ago after he set up a website to collect information on what he alleged was shoddy workmanship in its homes. The pair eventually settled out of court.
You missed last night episode where Jeanne mounted the bio-weapon as a marital aid and was vaporised when it mysteriously went off. Too bad.
This is Martin Armstrong's "Tell All"
And
The Goldman Sachs Conspiracy Bible (GS)
Joe Weisenthal|Apr. 15, 2009, 10:24 AM
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Theories about Goldman Sachs (GS) running a shadow government, or something nearly as dramatic, are all the rage these days.
The smoking gun, holy grail document that everyone's passing around is a 19-page treatise called "Behind the Curtain". It's written by Martin A. Armstrong, a former commodities investor who's now serving time in prison for scamming Japanese investors.
Honestly, we haven't read the whole thing, as we kind of stopped at the part where he talks about the assassination plot against him in prison, but we'd love to hear your take.
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Video at the link....have not viewed it.....
Thursday, April 9, 2009---Martin Armstrong Article Anthology
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Below are links to 12 of Martin Armstrong’s most recent articles. As far as I know, this is the only compilation of all 12 articles on the web.
I have gone over his situation before, he is in prison as I explained and provided research links for in my article Martin Armstrong's Latest... from behind bars. My source tells me that the SEC has just agreed to review his case.
I believe his work to be much more valuable than the drivel the mainstream is constantly feeding us. His work and understanding of economic cycles is out of the box and colored by his life experience, but appropriately so. His cycle dates, however, are not necessarily perfect/exact (take them to be plus or minus) and are not necessarily aligned with just the markets in the U.S. Therefore, you should not attempt to “trade” them on a short term basis. They are the larger forces at work and you should instead look for signs of significant developments around his cycle dates. For example, he had a cycle date in February, 2007 that corresponded to a top in the Nikkei and also in IYR – Commercial Real estate. Another major date is April the 19th… only 10 days from now.
I am listing his articles roughly by date, most recent first (not all the articles were dated, I do not know the order of those) and will add a link to this post in the right column labeled “Other Articles” so that you can find it easily. There’s a ton of information to digest. Most of it is very good, all of it is interesting. Much of it deals with his situation and he does look “at the man behind the curtain,” so keep an open mind as you read, and remember that he is writing these the old fashioned way, on an IBM Selectric!
Has a Dramatic chart by Martin Armstrong....
and notes....
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1) Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent.
2) Of the 16 banks that are already technically insolvent, not even one can withstand any disruption of cash flow at all or any further deterioration in non-paying loans.
3) If any two of the 16 insolvent banks go under, they will totally wipe out all remaining FDIC insurance funding.
4) Of the top 19 banks in the nation, the top five (5) largest banks are under capitalized so dangerously, there is serious doubt about their ability to continue as ongoing businesses.
He then goes on to list things that we know to be factual, including derivatives exposure (mostly in interest-rate swaps and similar.)
This appears to have led to Treasury issuing the following statement this morning:
The U.S. Treasury Department has not yet received the results of "stress tests'' on the health of the nation's 19 top banks, spokesman Andrew Williams said Monday, after a blog said it had obtained the test results and some U.S. bank shares moved lower.
That's a lie.
How do we know its a lie?
Because of this from April 10th:
April 10 (Bloomberg) -- The U.S. Federal Reserve has told Goldman Sachs Group Inc., Citigroup Inc. and other banks to keep mum on the results of “stress tests” that will gauge their ability to weather the recession, people familiar with the matter said.
The Fed wants to ensure that the report cards don’t leak during earnings conference calls scheduled for this month. Such a scenario might push stock prices lower for banks perceived as weak and interfere with the government’s plan to release the results in an orderly fashion later this month.
How can you be ordered not to release something you don't have?
Geithner gives Goldman Sachs a pass
posted by Jim Robinson
The Turner Radio Network has obtained "stress test" results for the top 19 Banks in the USA.
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The Turner Radio Network has obtained "stress test" results for the top 19 Banks in the USA. (Corrections/clarifications below in orange)
The stress tests were conducted to determine how well, if at all, the top 19 banks in the USA could withstand further or future economic hardship.
When the tests were completed, regulators within the Treasury and inside the Federal Reserve began bickering with each other as to whether or not the test results should be made public. That bickering continues to this very day as evidenced by this "main stream media" report.
The Turner Radio Network has obtained the stress test results. They are very bad. The most salient points from the stress tests appear below.
1) Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent. (Based upon the “alternative more adverse” scenario which had a 3.3 percent contraction of the U.S. Economy in 2009, accompanied by 8.9 percent unemployment, followed by 0.5 percent growth of the U.S. Economy but a 10.3 percent jobless in 2010.)
2) Of the 16 banks that are already technically insolvent, not even one can withstand any disruption of cash flow at all or any further deterioration in non-paying loans. (Without further government injections of cash)
3) If any two of the 16 insolvent banks go under, they will totally wipe out all remaining FDIC insurance funding.
4) Of the top 19 banks in the nation, the top five (5) largest banks are under capitalized so dangerously, there is serious doubt about their ability to continue as ongoing businesses.
5) Five large U.S. banks have credit exposure related to their derivatives trading that exceeds their capital, with four in particular - JPMorgan Chase, Goldman Sachs, HSBC Bank America and Citibank - taking especially large risks.
6) Bank of America`s total credit exposure to derivatives was 179 percent of its risk-based capital; Citibank`s was 278 percent; JPMorgan Chase`s, 382 percent; and HSBC America`s, 550 percent. It gets even worse: Goldman Sachs began reporting as a commercial bank, revealing an alarming total credit exposure of 1,056 percent, or more than ten times its capital! (HSBC is NOT in the top 19 banks undergoing a stress test, but is mentioned in the report as an aside because of its risk capital exposure to derivatives)
7) Not only are there serious questions about whether or not JPMorgan Chase, Goldman Sachs,Citibank, Wells Fargo, Sun Trust Bank, HSBC Bank USA, can continue in business, more than 1,800 regional and smaller institutions are at risk of failure despite government bailouts!
The debt crisis is much greater than the government has reported. The FDIC`s "Problem List" of troubled banks includes 252 institutions with assets of $159 billion. 1,816 banks and thrifts are at risk of failure, with total assets of $4.67 trillion, compared to 1,568 institutions, with $2.32 trillion in total assets in prior quarter.
Put bluntly, the entire US Banking System is in complete and total collapse.
Bonifides
For those who may be skeptical about the veracity of the stress test report above, be reminded that only last Sunday, April 12, this radio network obtained and published a Department of Homeland Security (DHS) Memo outlining their concerns that returning US military vets posed a domestic security threat as "right wing extremists." That memo, available here, is marked "FOR OFFICIAL USE ONLY" and contained strict warnings that it was not to be released to the public or to the media. We obtained it and published it days before other media outlets.
Link to Reuters deleted at their request 0842 HRS 21 April 2009
Further, todays Wall Street Journal (April 20, 2009) is confirming at this link that lending by the largest banks has DECREASED 23% since the government began the T.A.R.P. program, causing many in Congress to ask where the money has actually been going. Apparently, it has been going into propping-up the failing banks instead of out in loans to the public.
Additional details and proofs are forthcoming. . . . . continue to check back on this developing story.
UPDATE 1154 HRS EDT April 20, 2009 --
The United States Treasury has openly and brazenly lied regarding our stress test report and we can prove they have lied about it.
This morning, the United States Treasury issued a statement (HERE) claiming they do not yet have the results of the Stress Tests, rebuking our report
How do we know its a lie?
Because of this from April 10th:
April 10 (Bloomberg) -- The U.S. Federal Reserve has told Goldman Sachs Group Inc., Citigroup Inc. and other banks to keep mum on the results of “stress tests” that will gauge their ability to weather the recession, people familiar with the matter said.
The Fed wants to ensure that the report cards don’t leak during earnings conference calls scheduled for this month. Such a scenario might push stock prices lower for banks perceived as weak and interfere with the government’s plan to release the results in an orderly fashion later this month.
How can you be ordered not to release something you don't have?
Since that was published on the 10th of April, we therefore know that the results exist and Treasury, the banks involved and The Fed have them, as The Fed was concerned that some banks might try to use them (perhaps in a misleading fashion) during their first quarter conference calls and earnings releases.
Sorry guys, but whether the Turner Radio Network has the real results or not is no longer material. What's material is the claim that Treasury doesn't have them, since they told the banks on the 10th not to release them, and you can't release what you don't have.
The problem with lying is that eventually you forget your previous lies and thus get caught when you contradict yourself.
See #13.
A world currency moves nearer after Tim Geithner's slip (Does THE ONE Wants A One World Order??)
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03/26/2009 10:12:43 PM PDT · by Fred · 11 replies · 612+ views The Daily Telegraph ^ | 032509 | Ambrose Evans-Pritchard
US Treasury Secretary Tim Geithner confessed on Wednesday that he had not read the plans by China's central bank governor for a "super-sovereign reserve currency" run by the International Monetary Fund, but nevertheless let slip that Washington was "open" to the idea. Whoops. This is how matters quickly escalate in geo-finance. China's suggestion – backed by Russia, Brazil, and India, and clearly aimed at breaking US dollar hegemony – is making its way onto the agenda of the G20 Summit next week. 'Dollar-dämmerung' no longer looks so far-fetched. China's paper, by Governor Zhou Xiaochuan, is couched in understated language –...
New World Order Currency Due Soon Obama-Bush-Clinton Crime Family Syndicate Update
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Explosive Back Breaking News
by Tom Heneghan
International Intelligence Expert
Saturday April 18, 2009
CONSPIRATORIAL TRAITORS Against the American People
Daddy Bush, Obama, BushFRAUD and Clinton
Photo by Pool/Getty Images
UNITED STATES of America - It can now be reported that TRILLIONS of dollars of AIG (American International Group), Citibank and Goldman Sachs U.S. dollar counterparty derivatives are sitting in major Japanese and Chinese banks.
These derivatives, due in May, threaten to collapse the World currency market and, once again, jeopardize the entire World banking system.
Note: A counterparty U.S. dollar derivative is actually a bet made that benefits from the appreciation of the U.S. currency.
Almost all of RED China's current assets are dollar dominated.
The now bankrupt Federal Reserve, under the leadership of its former Chairman, sociopath and Bush-Clinton Crime Family Syndicate stooge, Alan Greenspan, guaranteed face value payment on these toxic assets, again, due in May of 2009.
We can now divulge that the Federal Reserve does not have the funds to pay off on these derivatives.
With Obambi having hijacked the presidency, absolutely nothing can be dismissed as "tinfoil stuff". Nothing.
The Blog linked at post # 16...is off the wall with accusations....
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The Special Master will also ask Fitzgerald why he is leaking Federal Grand Jury evidence to former Chicago Tribune editor James Warren, who, himself, is an FBI Division 5 informant, including the copies of the actual tape-recorded conversations involving Rahm Emanuel, Jesse Jackson Jr. and Antoin "Tony" Rezko.
Warren, a closet homosexual, a blackmailer and British Intelligence asset, has been used for years by the U.S. Attorney's office in the Northern District of Illinois to orchestrate frame-ups of politicians who cannot be controlled by the Illinois mafia syndicate.
Whoops...that should have been the link at #16.
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