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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: roguedolphin who wrote (105423)	12/9/2009 9:14:47 PM
From: roguedolphin	2 Recommendations Respond to of 116555

re: Geithner's complicity in the entire financial collapse... Message 26164109 To: SliderOnTheBlack who wrote (20366) 12/9/2009 11:22:17 AM From: SliderOnTheBlack 9 Recommendations of 20372 re: Geithner's complicity in the entire financial collapse... I was hoping someone would catch an area I highlighted in my previous post regarding Tim Geithner's complicity at ground zero of the entire derivatives & financial crisis. Geithner has continually dodged responsibility for the financial meltdown, often pointing out the fact that he inherited this crisis from the prior administration and his predecessor, Hank Paulson. ...and nothing could be further from the truth. And I'm not referring to the issue of him being the head of the NY Fed. I'm referring to this little factoid going back to 1999, with Turbo-Tax Timmy being the chief negotiator of the WTO treaty that allowed banksters like Goldman, JP Morgan Citi and Morgan Stanley to bankrupt Iceland and foreign banks... thenation.com "In 1999 the international trade in equity derivatives and credit default swaps was too rare to track. But thanks to WTO treaty terms negotiated by Timothy Geithner, then assistant treasury secretary for international affairs, cross-border trade in swaps and derivatives would grow to a $115 trillion business by 2008, the year of Citigroup's near collapse and government bailout." As I wrote once before, we don't need Basel III, we need Nuremberg II. These greedy, scheming, psychopathic bastards knew what the end game in all of this would be. Just as they know what the end game will be with Cap & Trade and their carbon tax scheme. They've caused millions of Americans to lose their jobs, their homes, their pensions, and their savings. And now via carbon taxes, the parasites are about to suck what little blood remains in their host's carcasses. And once they've sucked Europe and America dry, they'll move on to China, India, and the vibrant emerging economies like Brazil (which they are already doing, as noted in the earlier post). The first time they sucked America dry via derivatives schemes in the mortgage and equity markets, was on them. But if you allow them to do it again with their carbon tax scheme, it will be entirely on you. And they won't suffer a single minute of empathy, or remorse either, because this is their belief system... "A man who will not reason, think for himself, and use his own powers of observation, is nothing more than a beast of burdern, and therefore meat on the table, by choice and consent." America, has had it's final wake up call. Given it's only been a little over a year since bankstergate, and now with climategate being exposed, if we fall for their carbon trading scheme, maybe we deserve to have our carcasses picked clean. SOTB