The rewarded-destroyer of the President’s Office at
Columbia has already destroyed Law in the US,
and the reputation of the DO”J”.
The Swiss know when an Eagle has turned chickenhawk...
No one needs to respect American power or fear it except the citizens.
FATCA was a huge, massive miscalculation and overreach.
This has everyone running to dislodge transactions in clownbucks. The reserve status won’t be far behind.
I can’t see how the fed stops interest rates from rising as the world abandons the clownbuck. This is a case of the money boys being too smart by half.
And guess who is going to pay for it? The middle class. Again.
Obama's speech on the US economy spelled out the beginning of the end for federally-controlled mortgage buyers Fannie Mae and Freddie Mac. “We’ll work with both parties to turn the page on Fannie and Freddie, and build a housing finance system that’s rock-solid for future generations,” Obama said, according to a copy of his prepared remarks
The House Financial Services Committee approved a bill on Tuesday that would get rid of the firms in five years, to be replaced by a National Mortgage Market Utility to help securitize mortgages.(Excerpt) Read more at blogs.marketwatch.com
ADDENDUM---what Obama left out of his remarks Wall Street Journal report on page A15---article entitled “Treasury’s Fannie Mae Heist“.
WSJ: The Federal government is seizing the substantial profits of the government-chartered mortgage firms, Fannie Mae and Freddie Mac, taking for itself the property and potential gains of private investors the government induced to help prop up these companies. This conduct is intolerable.” A scathing article follows--a must read.
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FBI TIPS PAGE--YOU MAY REMAIN ANONYMOUS ---https://tips.fbi.gov
SUBJECT: Collusion, conspiracy, bribery
IN RE: financial irregularities
REFERENCE: fraud, falsified documents, wire transfers, accounting fraud, etc.
NARRATIVE Taxpayers demand to know the scope and dimension of multiple conspiracies by to collude in sub rosa deals to personally profit and/or to facilitate redistribution schemes WRT DOJ-imposed penalties.
OF INTEREST TO LAW ENFORCEMENT The FBI should interrogate individuals for evidence of multiple schemes to falsify official documents to further fraudulent schemes. The FBI should investigate any and all official documents submitted to the courts.
Crimes might include---conspiracy, collusion, falsifying official documents (a felony), money laundering, tax evasion, extortion, theft, misuse of public facilities.
Examine tax returns with a fine-tooth comb.....especially entries for "interest income."
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Investigators from the FBI, SEC, US Marshall's, state AG's office, the respective areas' Sheriff's Office and the Police Departments should try to unravel how these mortgage/real estate deals were facilitated---appearing to be operating legitimately as problems started surfacing later maybe as part of a long-orchestrated plot or an attempt to deal with a plummeting real estate market.
Allegations might include:
- forged mortgages, deeds and sales of property;
- taking millions of tax dollars for mortgages and land deals without fulfilling the intended purpose;
- fake title company to close land deals;
- taking tax dollars for purposes never built or never finished.
Are any of so-called DOJ-imposed penalties being laundered---then sent to numbered accounts in offshore banks?
bttt
In other news, the government and its employees continue to loot the treasury, one of their last acts before the big bug out.
I thought Countrywide, Bears, Washington Mutual, et al were merged during the Bush administration.
The people involved in these fiascos were Paulson, Bernake, Little Tim Geitner and a host of banksters and their shills.
And for a while everything was lovely. The banks made more profits-- with an implied guarantee from the federal government that they wouldn’t lose money-- the government got their hooks deeper into banks, the real power in capitalist America. But when the economy slowed down and home prices stopped making ridiculous gains year after year, the scheme fell apart..."
Nice job by the author. In a nutshell.
The Swiss recognize that affirmative action and racism is no way to run a bank or country.
I bet the Swiss are discovering that Bitcoin can be used to protect money in the same way they use to, and they don’t want to give up that market.
As the US loses economic and military influence, other power blocs will compete to fill the void. However, the struggle will be between the globalists that want a one world digital only currency and central bank, and other blocks that want more autonomy (BRICS?).
The US gagsta’ government has been pushing for the one world currency ever since the POS was elected (remember what slipped out of little Timmy Gietner’s mouth about SDRs for a second). In this case, if the US loses its reserve currency status, we must hope that the one world currency fails to take hold and the world goes back to competing national currencies, hopefully backed by PMs. I don’t think that the gangstas will win because we see the Swiss waking up to the extortion racket, the Deutch have realized that their gold in New York is gone, and the world is tired of the NSA reading their e-mails.
One finger salute to the US gangsta’ government- good.
Bookmark.
The Obamatons are already in the process of claiming 9-11 as a socialist progressive “holiday.”