Let’s see if I got this right? An international financial cartel (IFC) developed exotic financial instruments that are not examined, regulated nor understood by government authorities. IFC’s business model begins to implode because of a predictable design flaw. IFC agents in the executive, judicial and congressional branches of government go into action.
Their job is to convince the American taxpaying majority to accept liability for debt created by the IFC. First they create a story of how the global economy would have crashed in 2008 if they had not stopped a run on their banks. To date no one has been identified as the perpetrator of this run.
This bank run could be another J P Morgan fat finger script from the 1920’s. Next they threaten the taxpaying majority (TTM) with martial law if Americans did not guarantee a $23 trillion dollars plus largess. IFC cadres promise to repay TTM and turn the economy around.
IFC talks about fighting deflation even as they orchestrate an economic downturn. After IFC receives $350 billion it decides to keep the money instead of making loans. A lack of lending only makes the economic environment worst. IFC concocts a new scheme. Remember IFC is broke and the sovereign debt crisis is their way of getting bailed-out.
IFC an insolvent banking model that borrowed billions of dollars from TTM at 0.25% begins to purchase treasury securities while charging TTM interest at 3.25 %. How is this achieved? Through deficit spending. If the airport body scanner was the gas chambers of Auschwitz would you walk through?
Tuesday, December 7, 2010
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