The Taxpaying Majority (TTM) has not forgotten about those toxic assets the “To Big To Fail” exchanged for treasury instruments. Those toxic assets such as MBS, CDO, CDS and other forms of derivative were said to be worth pennies on the dollar and backed by the housing market.
Remember pennies are those ancient, barbaric relics that cost more to produce then what they are able to purchase. What can TTM buy with a penny, nothing? Toxic Assets (underwater homes mortgages) were swapped for the full faith and credit of the US Government instruments.
It was the sub-prime implosion that initiated the current financial crisis. Now that banks are assuming title to their toxic assets, will they be able to meet requirements set by Basel 3? Can municipalities expect property tax payments from TBTF?
If a private banking institution forecloses on a property will congress stop looking further into the racketeering, scams and fraud? It was not only banks that are party to a flawed document process. How can banks proceed with foreclosures when others involved in the document process may have committed fraud?
Flawed documents were submitted by rating agencies, realtors, mortgage brokers, lawyers, appraisers and other involved in the process. TTM has not forgotten about the traunches. Where a mortgage was chopped into piece, each piece was repackaged into a separate pool and sold as AAA paper.
Which part of the mortgage that was sold to the Fannie and Freddie does the bank own? Does the central bank FRS also need to get these toxic assets of it books in order to comply with Basel 3? Then there is Ninja with no income, no job, no assets or address. Check with FBI field agents who raised a red flag back in 2005.
It is only through a conquered, captured and controlled government such a massive treasury heist continues to take place. TTM realizes that all three branches of government have abandon their fiduciary duty and capitulated, compromised and cede to an International Financial Cartel (IFC).
Monday, October 18, 2010
Sunday, October 10, 2010
The Greatest Threat
US military might is watched globally with shock and awe. The US military which can deploy assets on, under and above any surface on the planet has encountered an enemy with a Dooms Day Weapon (DDW). This DDW is another ancient, barbaric relic which once again has been summoned from the abyss.
Use of this DDW could be why the US forces find itself bogged down in a protracted engagement in the Middle East? What type of enemy assets is the US military encountering on the battlefield? No air power, no space weapons or sea power only an occasional IED and thousands of AK 47s. God bless the US bravest and finest for their sacrifices.
Al Qaeda, Taliban, Terrorism or Islamic extremist have no military equivalent to US weaponry. So what is the DDW supporting a ragtag battlefield opponent? Who is the power behind terrorism? Who is laundering money for the enemy? How is the enemy able to keep the deception, distraction and delusion going?
First they must capture, control and compromise western governments into doing their bid. Western Governments that have been infiltrated by treasonous, unpatriotic agents involved in a global ponzi scheme. This is probably how an International Financial Cartel (IFC) reinvented the ultimate weapon that has bought down many western powers.
The IFC profits from the illusion of fiat deficit spending and perpetuates the myth of the necessity of all forms of income tax confiscation. Dropping fiat currencies from black helicopter (QE2) is not the same as the taxpaying majority (TTM) depositing money into banks that make loans to entrepreneurs.
Deficit spending is proving to be the Greatest Threat and ultimate DDW to the U S of A, the taxpaying majority and its military service personnel
Use of this DDW could be why the US forces find itself bogged down in a protracted engagement in the Middle East? What type of enemy assets is the US military encountering on the battlefield? No air power, no space weapons or sea power only an occasional IED and thousands of AK 47s. God bless the US bravest and finest for their sacrifices.
Al Qaeda, Taliban, Terrorism or Islamic extremist have no military equivalent to US weaponry. So what is the DDW supporting a ragtag battlefield opponent? Who is the power behind terrorism? Who is laundering money for the enemy? How is the enemy able to keep the deception, distraction and delusion going?
First they must capture, control and compromise western governments into doing their bid. Western Governments that have been infiltrated by treasonous, unpatriotic agents involved in a global ponzi scheme. This is probably how an International Financial Cartel (IFC) reinvented the ultimate weapon that has bought down many western powers.
The IFC profits from the illusion of fiat deficit spending and perpetuates the myth of the necessity of all forms of income tax confiscation. Dropping fiat currencies from black helicopter (QE2) is not the same as the taxpaying majority (TTM) depositing money into banks that make loans to entrepreneurs.
Deficit spending is proving to be the Greatest Threat and ultimate DDW to the U S of A, the taxpaying majority and its military service personnel
Saturday, September 18, 2010
Deflation Begets Hyperinflation
The taxpaying majority (TTM) are about to experience the endgame of a deflationary fiat currency. In the future a shopping cart of fiat dollars used to purchase a grocery bag of food is not only deflationary but exemplifies hyperinflation. TTM may ask how a thousand fold increases in the amount of dollars needed to make such a purchase be deflationary and hyper inflationary.
Because TTM’s currency is tied to lobbying and purchasing a capitulated, captured and controlled government it is easy to become conned by this deflationary sleight of hand. TTM must remember that the purchasing power of their currency is being exterminated with extreme prejudice every time government deficit spends, prints dollars and abuses its credit line beyond what is needed to continue governance.
Deficit printing and borrowing dollars only acerbates and delays a day of reckoning when hyperinflation will come roaring to life. As the purchasing power of the dollar deflates prices will have to decrease to fight of hyperinflation. One way of keeping prices down is by lying off more employees. At the same time the equities stock market experiences inflation by computerized front running deep pool HFT as synthetic profits yield obscene commissions and bonuses in a 21% unemployment environment.
TTM is no longer able to borrow a half a million dollars to purchase a price depreciating, deflating housing asset through undisciplined, unregulated and abusive debt financing because of a collapsing credit market. Therefore the price of housing will continue to fall until an acceptable universal accounting, rating and leveraging system is reestablished.
Meanwhile inside the Euro zone Greek interest rates inflate as global investors prepare to pour monies into a illusionary secure deflating interest rate in US Treasuries. The bottom of a deflating credit market must include an unwinding of a $1.5 quadrillion derivatives market. The credit market collapse continues to fuel the current deflationary recession.
As banks hoard monies acquired through a false flag financial operation they prohibit the expansion of credit which is one essential ingredient required to inflate the economy out of the current recession.
Because TTM’s currency is tied to lobbying and purchasing a capitulated, captured and controlled government it is easy to become conned by this deflationary sleight of hand. TTM must remember that the purchasing power of their currency is being exterminated with extreme prejudice every time government deficit spends, prints dollars and abuses its credit line beyond what is needed to continue governance.
Deficit printing and borrowing dollars only acerbates and delays a day of reckoning when hyperinflation will come roaring to life. As the purchasing power of the dollar deflates prices will have to decrease to fight of hyperinflation. One way of keeping prices down is by lying off more employees. At the same time the equities stock market experiences inflation by computerized front running deep pool HFT as synthetic profits yield obscene commissions and bonuses in a 21% unemployment environment.
TTM is no longer able to borrow a half a million dollars to purchase a price depreciating, deflating housing asset through undisciplined, unregulated and abusive debt financing because of a collapsing credit market. Therefore the price of housing will continue to fall until an acceptable universal accounting, rating and leveraging system is reestablished.
Meanwhile inside the Euro zone Greek interest rates inflate as global investors prepare to pour monies into a illusionary secure deflating interest rate in US Treasuries. The bottom of a deflating credit market must include an unwinding of a $1.5 quadrillion derivatives market. The credit market collapse continues to fuel the current deflationary recession.
As banks hoard monies acquired through a false flag financial operation they prohibit the expansion of credit which is one essential ingredient required to inflate the economy out of the current recession.
Monday, September 13, 2010
Can The Fed meet Basel benchmarks?
The Taxpaying Majority has not read the two thousand plus page financial reform bill that was recently passed by a congress that also didn’t read the bill. It is possible banking lobbyist submitted legislation that will finally rescue the banking system.
Being proactive, lobbyist may have inserted stringed measures, which meet Basel 3 rules and will prevent another bank bailout? Based on the Fed’s balance sheet can it meet capital requirements set under Basel 3? Can the Fed successfully lobby the Senate and President to translate into law and regulation requirements set under the Basel 3 rules?
Will passage of Basel 3 financial requirements prevent another trillion-dollar financial stimulus package as due date approach? Can the Federal Reserve System (FRS) meet a minimum common equity requirement of 4.5% plus a capital conservation buffer of 2.5%?
How much in dollars is 10% of Fed total capital? Will selling toxic asset back to bailed out banks qualify the Fed as compliant before January 1, 2015? What will be the new leverage ratio under Basel 3? What will returns look like under greater constraints on earnings distribution,discretionary bonuses and high dividends?
Will a counter cyclical buffer prevent another round of excess aggregate credit growth such as in the treasury market? How much is a minimum Tier 1 leverage ratio of 3%? Will a combination of capital surcharges; contingent capital and bail-in debt regulate the Fed sufficiently to prevent another credit crises.
According the Basel 3 rules the Fed has 2 years and 3 months to get its act in order.
Being proactive, lobbyist may have inserted stringed measures, which meet Basel 3 rules and will prevent another bank bailout? Based on the Fed’s balance sheet can it meet capital requirements set under Basel 3? Can the Fed successfully lobby the Senate and President to translate into law and regulation requirements set under the Basel 3 rules?
Will passage of Basel 3 financial requirements prevent another trillion-dollar financial stimulus package as due date approach? Can the Federal Reserve System (FRS) meet a minimum common equity requirement of 4.5% plus a capital conservation buffer of 2.5%?
How much in dollars is 10% of Fed total capital? Will selling toxic asset back to bailed out banks qualify the Fed as compliant before January 1, 2015? What will be the new leverage ratio under Basel 3? What will returns look like under greater constraints on earnings distribution,discretionary bonuses and high dividends?
Will a counter cyclical buffer prevent another round of excess aggregate credit growth such as in the treasury market? How much is a minimum Tier 1 leverage ratio of 3%? Will a combination of capital surcharges; contingent capital and bail-in debt regulate the Fed sufficiently to prevent another credit crises.
According the Basel 3 rules the Fed has 2 years and 3 months to get its act in order.
Monday, September 6, 2010
Can Congress nix Treason?
Treason is at least as old as the creation story of the Christian bible. A beautiful angel was cast out of Heaven because she betrayed God. According to the Garden of Eden story the Serpent betrayed Eve and Eve betrayed Adam. Treason has never been a positive act.
Treason has never been subject to the authority of any political philosophy, government or body of laws. The US Constitution can only highlight the negativity of treason. Treason and the consequence of being found guilty of the act have survived the rise and fall of many nations.
The US congress has tried to repealed Treason by changing laws, ignoring others laws, to outright redefining an Act of Treason. Congress currently indulges in these acts in order to accumulating a debased currency that is slowly becoming worthless. The taxpaying majority (TTM) has accepted the fact that congress can be bought.
Recent history has shown that people can lie to congress, government agencies and expect no retribution for the act of lying. Is it treasonous to inflate the bond market through deficit spending? If the US Bond market should collapse could United States of America continue to wage war in Iran, Yemen or Pakistan?
An international financial cartel (IFC), which is America’s number one enemy is well aware of this Achilles’ heel. When the time is right IFC will have no quorum pulling the plug on the military of U S of A.
Treason has never been subject to the authority of any political philosophy, government or body of laws. The US Constitution can only highlight the negativity of treason. Treason and the consequence of being found guilty of the act have survived the rise and fall of many nations.
The US congress has tried to repealed Treason by changing laws, ignoring others laws, to outright redefining an Act of Treason. Congress currently indulges in these acts in order to accumulating a debased currency that is slowly becoming worthless. The taxpaying majority (TTM) has accepted the fact that congress can be bought.
Recent history has shown that people can lie to congress, government agencies and expect no retribution for the act of lying. Is it treasonous to inflate the bond market through deficit spending? If the US Bond market should collapse could United States of America continue to wage war in Iran, Yemen or Pakistan?
An international financial cartel (IFC), which is America’s number one enemy is well aware of this Achilles’ heel. When the time is right IFC will have no quorum pulling the plug on the military of U S of A.
Wednesday, August 11, 2010
Dollar backed by Debt
The US dollar is backed by debt. The Federal Reserve note is not created out of thin air, electronically or by a printing press it is debt. It is no longer backed by the full faith and credit of the US government as its credit rating spirals down the food chain.
Government’s inability to rein in spending, Afghanistan war, Iraq govern less, North Korea aggression and lost of AAA rating is self evident.The taxpaying majority live in a physical conscious realm although there other dimension in flux. It is commonly exposed that the dollar is a fiat currency back by nothing.
The dollar decoupled from a Brettonwood gold system which was the nail in the coffin for the victor’s agreement. The dollar also decouples from its petrol agreement when Saddam Hussein and other States accepts payments in other currency.
If the Chinese’s demand gold for payment of treasury redemption the taxpaying majority (TTM) will find itself back at the precipice. The irony of the situation is the dollar is now backed by debt as United States escalates its position as the largest debtor. Yet the very same debt is also the demise of the dollars hegemony.
The strength of the dollar is its ability by government to produce quantities through deficit spending. It is alleged that every citizen of U S of A owes somewhere in the neighborhood of $100,000 on a growing national debt. The national debt is in reality an uncollected tax.
The tax with interest growing exponentially by the second will double in shorter increments even if the FRS does not QE 2. An exponentially expending tax will take less time to double as long as there is an increasing outstanding balance. Deficit spending could not, is not and will not stop the national debt from doubling.
It has become a scam, a ponzi scheme and a rip off. The Federal Reserve System has to pursue, promote and prolong government debt financing in order to stable its business model and make an obscene pornographic profit (OPP).
A controlled Congress must perpetuate spending more dollars then it is taking in through all forms of taxes. How does a bankrupt, bailed-out and broken banking system earn trillions of dollars which it loans to an unwilling taxpaying majority? Should the federal government create money it cannot repay?
Understand the FRS is a private international financial cartel (IFC) with ownership from around the globe. How this private IFC is able to amass trillions in OPP. Money is not produced out of thin air. This concept is the stuff of fairy tales, magic and an illusion.
Every dollar that is created by deficit spending is an uncollected tax that must be paid in full by TTM. Someday TTM will pull back the curtain after withdrawing from its debt addiction. TTM will find that the IFC was, is and will continue to be the ultimate tax collector.
Deficit spending is a mechanism used to purchase power by controlling government. The end game could be the impoverishment of TTM, the collapse of the dollar and the demise of the shining city on the hill.
Government’s inability to rein in spending, Afghanistan war, Iraq govern less, North Korea aggression and lost of AAA rating is self evident.The taxpaying majority live in a physical conscious realm although there other dimension in flux. It is commonly exposed that the dollar is a fiat currency back by nothing.
The dollar decoupled from a Brettonwood gold system which was the nail in the coffin for the victor’s agreement. The dollar also decouples from its petrol agreement when Saddam Hussein and other States accepts payments in other currency.
If the Chinese’s demand gold for payment of treasury redemption the taxpaying majority (TTM) will find itself back at the precipice. The irony of the situation is the dollar is now backed by debt as United States escalates its position as the largest debtor. Yet the very same debt is also the demise of the dollars hegemony.
The strength of the dollar is its ability by government to produce quantities through deficit spending. It is alleged that every citizen of U S of A owes somewhere in the neighborhood of $100,000 on a growing national debt. The national debt is in reality an uncollected tax.
The tax with interest growing exponentially by the second will double in shorter increments even if the FRS does not QE 2. An exponentially expending tax will take less time to double as long as there is an increasing outstanding balance. Deficit spending could not, is not and will not stop the national debt from doubling.
It has become a scam, a ponzi scheme and a rip off. The Federal Reserve System has to pursue, promote and prolong government debt financing in order to stable its business model and make an obscene pornographic profit (OPP).
A controlled Congress must perpetuate spending more dollars then it is taking in through all forms of taxes. How does a bankrupt, bailed-out and broken banking system earn trillions of dollars which it loans to an unwilling taxpaying majority? Should the federal government create money it cannot repay?
Understand the FRS is a private international financial cartel (IFC) with ownership from around the globe. How this private IFC is able to amass trillions in OPP. Money is not produced out of thin air. This concept is the stuff of fairy tales, magic and an illusion.
Every dollar that is created by deficit spending is an uncollected tax that must be paid in full by TTM. Someday TTM will pull back the curtain after withdrawing from its debt addiction. TTM will find that the IFC was, is and will continue to be the ultimate tax collector.
Deficit spending is a mechanism used to purchase power by controlling government. The end game could be the impoverishment of TTM, the collapse of the dollar and the demise of the shining city on the hill.
Sunday, August 8, 2010
We are there
Social Security benefits will exceed revenues in 2010. Paying full Social Security benefits when the system is broken only make a deteriorating situation worse.
Do not believe for one second that the smart ones in Washington are not aware how the recession is wreaking havoc on the social security system. When the economy recovers will the millions of jobs lost return?
If US of A slips into a Japanese’s style deflationary cycle it could be decades before the economy recovers. SS is on the brink and does not have much time left.
Deflation is already devastating income as taxpayers are forced to take one, two or three day furloughs without pay. Food inflation deflates the purchasing power of the dollar. Small business revenues are also deflating.
Will the economic recovery be another jobless return to prosperity? From where will the revenue needed to finance SS come from? A 30-year reserve fund paying full benefits even though the trust fund is being raided, abused and misused will implode.
Reform proposal only extend and delay a day of reckoning. Should US of A enter into a period of hyperinflation due to say QE 2 social security could not keep pace with the cost of living.
Do not believe for one second that the smart ones in Washington are not aware how the recession is wreaking havoc on the social security system. When the economy recovers will the millions of jobs lost return?
If US of A slips into a Japanese’s style deflationary cycle it could be decades before the economy recovers. SS is on the brink and does not have much time left.
Deflation is already devastating income as taxpayers are forced to take one, two or three day furloughs without pay. Food inflation deflates the purchasing power of the dollar. Small business revenues are also deflating.
Will the economic recovery be another jobless return to prosperity? From where will the revenue needed to finance SS come from? A 30-year reserve fund paying full benefits even though the trust fund is being raided, abused and misused will implode.
Reform proposal only extend and delay a day of reckoning. Should US of A enter into a period of hyperinflation due to say QE 2 social security could not keep pace with the cost of living.
Subscribe to:
Posts (Atom)
