Maybe, according to some blogs and government "insiders" who got "out", we need to ask the CIA and other well placed U.S. government functionaries.
By Jim R. Schwiesow
August 28, 2008
NewsWithViews.com
They have no concept of the military strength of those who they provoke and grossly over estimate their own nation’s capabilities both militarily and economically.
In short we have been set up by our own iniquity for total destruction.
E-Mail: jimr@orangecitycomm.net
Web-Site: www.sheriffjimonline.com
For a brief time, there was one television drama about the other America.
Are we really going to debate whether it was one too many?
Maybe, according to some blogs and government "insiders" who got "out", we need to ask the CIA and other well placed U.S. government functionaries.
"Mass arrests" in Baltimore for political career reasons...
Understandable....credibility of America's justice system and law enforcement is going down the crapper..fast.
Such is "official" America and it's "rulers."
Here in is the danger. Reading history: every nation that has fallen..and I mean fallen flat..the society "partied" until the inevitable collapse.
Lesson #1. Each successive round of the credit crisis is far deeper and broader than the previous.
Yes, the Fed can inject hundreds of billions into the banking system. But if banks don't lend, the money goes nowhere.
Sure, the Treasury can inject up to $200 billion of capital into Fannie and Freddie. But if their mortgage portfolio is full of holes, all that new capital goes down the drain.
And of course, the U.S. government has vast resources. But if the $49 trillion mountain of U.S. debts and the $180 trillion pile-up of U.S. derivatives are beginning to crumble, all those resources don't amount to more than a band-aid and a prayer.
Lesson #3. Shareholders are the first victims.
Bear Stearns shareholders got wiped out. Fannie and Freddie Mac shareholders are getting wiped out. Ditto for shareholders in any of Detroit's Big Three that go belly-up, any bank taken over by the FDIC or any insurer taken over by state insurance commissioners.
Most people assume that when the government steps in, that's it. The story dies and investors shift their attention to other concerns. In smaller bailouts, perhaps. But not in this Mother of All Bailouts.
The taxpayer cost for just these two companies — up to $200 billion — is more than the total cost of bailing out thousands of S&Ls in the 1970s. But it's still just a fraction of the liability the government is now assuming.
Why?
According to Gretchen Morgenson and Charles Duhigg's column in yesterday's New York Times , " Mortgage Giant Overstated the Size of Its Capital Base " ...
My forecast:
Just to keep Fannie and Freddie solvent will take so much capital, there will be no funds available to pursue the primary mission of this bailout — to pump money into the mortgage market and save it from collapse. That mission will ultimately end in failure.
They hope investors will flock back to Fannie and Freddie bonds.
They hope investors will resume lending them money at a rate that's much closer to the Treasury rates.
And they hope Fannie and Freddie will again be able to feed that low-cost money into the mortgage market just like they used to.
In other words, they hope the U.S. Treasury will lift up the credit of Fannie and Freddie.
Freddie and Fannie's mortgage obligations as just as big as the outstanding U.S. Treasury debt
Freddie and Fannie's debts will drag the Treasury down
To understand the magnitude of this dilemma, just look at the numbers ...
And it's actually worse than that:
"It's no good. The benefit of our plan to the stock market is a spit in the ocean. On the other hand, to the government bond market, it's a potential hydrogen bomb. The quality spreads are narrowing — and in the wrong direction."
The president didn't know much about quality spreads. "What are the causes and what are the consequences of changes in quality spreads?" he asked.
"I am referring to the difference in yield between a Treasury bond and a corporate bond. A big corporation [like Fannie or Freddie] always has to pay more than the U.S. Treasury to borrow money. Typically, the difference has been about one full percentage point.
"Then, several months ago, when the full threat of corporate bankruptcies was first apparent, the yield on medium-grade corporate bonds went up by 2 1/4 percent, but the yield on the governments went up only 1/4 percent. In other words, the spread increased by two full percentage points. It was a red-hot flashing signal of trouble. It revealed that confidence in all corporations — no matter how creditworthy — had collapsed. But that was before our rescue package was announced."
"And now?"
"Now the opposite is happening. Corporate bond yields [like Fannie's and Freddie's] are back down sharply, but government bond yields are actually up sharply. The spread between them has narrowed to practically nothing — a very bad sign." The Treasury secretary felt satisfied that he had put forth a very clear and straightforward explanation.
The secretary certainly didn't know how. He spent the next half hour going over the events in the marketplace until finally, after considerable effort, the president developed an image of bond markets that looked similar to the chart below.
"Now I see," the president said finally. "We wanted to bring the corporate bonds up to the level of the government bonds. What's happening is precisely the opposite. The 'governments,' as you call them, are falling down to the level of the 'corporates.' In short, we are not lifting them up; they are dragging us down."
The president thought for a moment before he spoke. "The question is, Why? Don't they believe we're serious? Why haven't we restored confidence? At the meeting, it was said that we can create cash, that the law gives us the authority to funnel this cash wherever we please."
"The answer is that we can create cash. But we cannot create credit."
"What's the difference?" the president queried.
The president was getting impatient. "So what's the point?"
"The point is that you can create cash; you can't create confidence."
"It would seem to me that the more money we give 'em, the more confidence they'd have."
"No, no! It's exactly the opposite. The more we spend the government's money recklessly, the less confidence they have and the more they fear our government bonds will go down in value."
"Oh? But why can't we just buy more corporate bonds? That should convince them we mean business!"
"No, it just convinces them we're throwing more good money after bad — their good money after bad."
"But what about the new law?"
"The law gives us the on-paper authority to buy private securities. It does not give us the actual power to create real economic wealth."
"Why didn't we recognize this when we discussed the rescue plan?"
"We did. But you overrode us, and we consented. We hoped that the marketplace might swallow it. We seriously underestimated the sophistication of U.S. and foreign investors — very seriously underestimated."
The president hesitated for a few seconds before responding, but it seemed like hours as the tension built.
"Then what?"
What if the U.S. Government defaults on it's debts..#1
Results #2 if the U.S. Government defaults on it's debts...The end of the Republic as we've known it. WHICH IS PRECISELY WHAT "THEY" HAVE WANTED AND WORKED SO HARD FOR AND FOR SO LONG.
Good luck and God bless!
Martin
As usual: put it on the backs of the "peasants"; as has always been the case down through history.
Which is where we've been heading for a long time anyway.
Carpetbagger jerks!
Slick move, Ex-Lax
Well spoken Dumas. This happened on Monday following your projected weekend bust.
What?!!!!!!!!!!!
The chart shows how the net US government sector debt pre-Frannie was about the same size relative to the economy as Germany, though worse than other G7 peers such as Canada, Britain and France. Now with one bound, the addition of $4.5 trillion puts it up there with Italy and Japan.
Paulson and his "Bosses" rackateering scheme! Arn't there laws against this and shouldn't a number of government officials and their corporate cronies be arrested and prosecuted?
Mitch McConnell, Republican-Kentucky thinks Congress ought to go along with stringing up the American tax payer and bailing out the bastard Elites' sour business deals.
Yeah..the "rank and file" and the "rank stench" politicians have to come home and live among us and seek re-election.
Sounds like extortion to me!
Arrest that son of'a bitch and make the Fed Reserve in this country synonimous in reputation as the KKK
Of course, they have....Congress is their "bitch."
Something is "going on" alright...Is that why the 1st BCT of the 3rd ID, U.S. Army, beginning Oct 1, 2008, to begin conducting martial law procedures under North Com? To precent politicians and corporate types from being pursued down the streets by angry mobs?
The only time these Fucks give a damn about "voters" is when it is time to put the same bastards back into the same offices under a paraody of "free" elections and "democracy" in action.
Families, seniors and small businesses are the last thing on your mind, Fucker!
Well, duh!!!!
In other words: when the ca-ca hits the fan and there is hell to pay among the American citizens, the Democrats want it understood the blame for further pillaging of the American citizen originated with the Republican President....even though the Demoncrats are going along with it.
Hasn't that been the Bush administration's MO the entire 8 years?
And this is why I think it more than curious that the 1 BCT of the 3rd ID, stationed at Ft Stewart, Georgia, has been put under North Com beginning Oct 1, 2008 for training and standby in case of natural disasters and "other" events. It looks to me that actual martial law, if not covertly being implemented by Oct 1, is at least being prepared in light of what is about to happen to the American people, courtesy of the criminal bastards running the government and their Bankster-Gangster thug friends.
Check out the chart showing the recent spikes in the US 10-year credit default swap. In other words, the market is now pricing-in the genuine possibility that the US will struggle to pay-back some of its long-term T-bills.
Way past tired!
FDIC's insured losses
Social unrest and revolution
SEE: 1st BCT of the 3rd ID, U.S. Army; mobilized by North Com for purposes of "exercises and training" beginning Oct 1, 2008...(right on the heels of a growing theft scandal in Washington DC between the love triangle of Jewish Banksters-Neocon Bush-and a supine Congress.
EXACTLY!
Precisely what we were told in 1993, it was going to be and the political-philosophy direction the End Time world government was going to be based upon.
Illuminati afraid they may have gone too far, too soon?
We will up them one better
The Illuminati; the Brotherhood; the "300"; the "Sirius Cult; the Luciferians; the NWO; the Globalists; the Satanic Elite
"O.K.
Just a little pinprick.
There'll be no more aaaaaaaaah! But you may feel a little sick.
Can you stand up? I do believe it's working, good. That'll keep you going through the show
Come on it's time to go.
There is no pain you are receding
A distant ship, smoke on the horizon.
You are only coming through in waves.
Your lips move but I can't hear what you're saying.
When I was a child
I caught a fleeting glimpse
Out of the corner of my eye.
I turned to look but it was gone
I cannot put my finger on it now
The child is grown,
The dream is gone.
I have become comfortably numb."
Group: Pink Floyd; Album: The Wall; Song: Comfortably Numb
Amen!
When the American people have finally had enough.....That is what North Com's Oct 1, 2008 activating of the 1-BCT of the 3rd ID is for; to protect the SOBs in Washington from the wrath of an enraged American citizenry.
Neither one of them are worth a damn!
And who should not be trusted with a box of Lincoln Logs; must less running the Government!
A very apt description of Congress today.
Henry Paulson
Well, screw them!
Fact
Fact
Oh, the Government has covered all it's bases this past weekend when the request from Paulson for pillaging yet again the American tax payer became public: North Com is to institute an "exercise" and "training" operation with the 1st BCT of the 3rd ID out of Fort Stewart, Georgia, which will continue for a year; to make ready for any natural disasters or "other" situations that might arise in order "to protect the American people." NO! The bastards in Government can smell a firestorm coming and they are putting their military in place to keep themselves from suffering what the French "Elite" of the 18th century suffered at the hands of a pissed off citizenry.....Martial Law...beginning Oct 1, 2008
Fact
This was a rather tame run down of the coup in Washington that has taken over American; compared to Kirwan's usual writings.
Thank you, damned Yankees!!
Nuremburg! Nuremburg! Nuremburg!
In light of the treasanous elite peeing in their silken knickers for a NWO
That damned little Dictator
USA a different country now
The end of American sovereignty
America's economic sovereignty will be in the hands of a private bank.
The currency of the North American Union
USA a debtor nation
There is no "government of the U.S." anymore. It has been superceded by a private concern: the Federal Reserve and this sounds to me "unconstitutional."
Tyrants, thugs, traitors...the NWO
NWO Bank
Global slaves..unless, of course, you are one of the Elite
Stupid asses
NWO...economics centered in London. Then, we have in effect, lost our independence and are again a part of the Empire.
AMEN!!!!!!!!!
Deliberate and calculated
They will need the militarized law enforcement and North Com to protect them from the rest of "us."
The U.S. Constitution gone
The President of the United States is no longer our "Chief Executive" except in name.
Anybody in the world can now own American real estate; except, of course, middle class and poor Americans.
Feudalism comes to America
America's return to their European class structured roots.
Wimpy, spineless, gutless Congress
Another Jew in control?
"game over"??
Warning to Europe
Russia pushing for Europe to break with the USA
Putin states, "evil advisors in USA must be dealt with."
America and Russia already at war
Confession by former/current KGB officer Putin that the USSR still lives.
Putin a liar
The fraud perpetrated on the West
SEE: Dumitru Duduman's prophecy on the website "Hand of Help Ministries" where he saw Russia and China conspiring with two other unnamed countries to attack America with a stab in the back under the guise of "friendship."
Global revolution
Stupid ass question..
Too late
The illegal "Committee of Public Safety", and the members of the coup, Gates, Rice and Mullen.
Clinton administration's part in this too
Citibank and BoA
I got a better idea: why don't they start jumping out of sky skrapers and tall buildings like their progenitors did in 1929. That will save the American tax payer a lot!!
That is exactly what they are
Amen!
The end of the Republic
The "IMF terrorist"
The NWO
Evil men
Bastards and traitors!
Neoconia
It was planned
The overthrow of America and the real traitors, the true terrorists are in the U.S. Government and their Wall Street cabal.
Who gives a flying rat's ass what the banks like or do not like?! They are in no position to make demands. Let'em all fall...hard!!
Sending another fax or "imploring" through phone calls that those lame dicks in Congress do their jobs and begin to represent "We The People" is fruitless and a waste of time. Call and "demand" the limp dicks do what is best for the American people and Bernanke, Paulson and their Bankster-Gangster friends be damned!
Obama Admits Muslim Faith - 2 min
http://www.youtube.com/watch?v=iQqIpdBOg6I&NR=1
Beginning Oct 1, 2008: the 1st BCT of the 3rd ID, U.S. Army under North Com.
Pretext for martial law
No Constitution for almost a century
NWO
Ron Paul
Copyright September 2008
Fred Marshall Jr
May be reproduced and
distributed in its entirety
only. All rights reserved.
China making it's move now?