>>I think "banksters" (used to be one... he he) power is limited...<<
recovering, eh? just kidding. when i say banksters, i'm talking big money center banks like jp morgan, goldman sachs, morgan stanley - the true owners of the private federal reserve.
as for limited power... all i can do is present facts that their power is IMMENSE.
1. $24.7 TRILLION has been given to them directly or set aside for their use.
2. their obvious crimes of fraud go unpunished (FBI said mortgage market was rife with fraud in 2004, yet this wasn't disclosed to investors. FHA came out a bit later and said the same thing - not disclosed. Ratings agencies were induced to commit crimes - but never punished. these people operate above the law. their punishment? 1% of GDP as a bonus and a President who calls these criminals "savvy traders" who deserve their pay.
3. regulation to prevent future crimes still doesn't exist.
4. congress people claim they "run the place" [congress]
5. they work with government to commit fraud hiding greece's debt so they could join the EU) and get away without criminal charges.
6. they have the power to crash nations and governments are helpless before them.
sheeee-ite, man, that's POWER!
>>evidenced by the fact that either scenario is against their long term interest, yet here we are... that said, they WILL trade ahead. :))<<
a true accounting will reveal they made trillions on the way up and then had their trillions in losses covered as everything crashed. in short, they criminally maximized their profits up to this point and mitigated their tens of trillions in eventual losses.
and fannie and freddie can now be used to dump UNLIMITED toxic trash for the next 3 years!
how was that bad for the money center banking cartel again? they get eye strain individually counting all the zeros on the bank statements?
i'm not sure what the end game is, but it just might be world government in which these "elites" rule the world, primarily through control of finances.
they basically end up owning everything - what is money if not the right to own things. these people want the right to own almost everything.
>>I've always been in the "Fed will buy skyscrapers if they have to" camp... but I'm not sure that will pan out given political climate. Hedging my bets.<<
hedging is good. i think bankers pay off politicians to take political heat so they don't have to. at least mostly don't have to.
>>Of course we could get both... major meltdown followed by fed buying skyscrapers, bwtfdik.<<
not just the fed, but the uber banks that run the fed. isn't that the banking game - to accumulate the right to real wealth over time?
>>In any case, it seems to me we have more debt to incinerate (deflation) before hyperinflation could possibly take hold... so far the fed as been buying that, holding off deflation... <<
99.9% of what the privately owned private reserve has done is to prop up its owners. *if* deflation eventually favors the banks, you can bet what will come next.
>>can that continue is the question IMHO. That said, I find Prechters assumption that the Fed will EVER try and resell or collect on all that debt they have bought to be a bit polyannish. Those that claim the fed hasn't printed are in denial... the fed HAS MONITIZED (traded currency (printed) for paper) HUGE!! They gonna reverse that with the other shoe dropping??? Fat chance.<<
they'll simply dump it on fanny and freddie and make americans eat the toxic waste.
>>Get yer canned goods and guns... 40 million unemployed all have 'em, better have yours.<<
i so wish i could disagree.
but i can't. |
