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POPSThe Economic 9/11: September 11th 2008 "Changed Everything" The Big Secret: The Economic Terrorist Attack Sept. 11, 2008 in New York City. An "electronic run on the banks" that almost led to total American and global financial collapse. Who was the "someone" behind the "electronic bank run" that almost collapsed America's economy, in the New York City financial district, center of international trade as well, on Sept. 11, 2008, between the hours of 9am and 11am, on the very anniversary of the 9/11 attack in the same city, and at the very same time? The Bailouts have received all the attention without giving due attention to this "catalyzing event" on 9/11/08 that precipitated the Economic Crisis and subsequent government response. It is an unspoken, but fully documented event, that receives no attention. Why not?
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POPSTop Senate Democrat: "Bankers Own Congress" Goldman Sachs in particular, with which there is a revolving door between itself and the Treasury. Yet, as Greenwald points out, the MSM is absolutely silent about this obvious but unreported story, and this is why: One might think it would be a big news story for the second most-powerful member of the U.S. Senate to baldly state that the Congress is "owned" by the bankers who spawned the financial crisis and continue to dictate the government's actions. But it won't be. The leading members of the media work for the very corporations that benefit most from this process.
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POPS4/22--Freddie Mac CFO Found Dead by Hanging "Apparent suicide" by hanging, yet neighbors and friends are surprised. Was about to receive $850,000 bonus....for mismanaging the bank into a crisis, along with the country. Pardon me for being skeptical about the "apparent suicide" and "no evidence of foul play" when his friends are surprised and the political stakes so high behind this. Open Secrets has published the recipients of contributions from Freddie Mac here , which includes these at the top : Dodd, Christopher J Obama, Barack Kerry, John S Bennett, Robert F Bachus, Spencer Blunt, Roy Kanjorski, Paul E Bond, Christopher S 'Kit' Shelby, Richard C Reed, Jack Reid, Harry S Clinton, Hillary Davis, Tom H Boehner, John Conrad, Kent Reynolds, Tom Johnson, Tim Pelosi, Nancy Carper, Tom Pryce, Deborah Emanuel, Rahm Dead 4/22
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POPSMarket Rebound: Bank Stocks Soar, Gold Down, Dollar Down, Oil Up Based on housing increase and Toxic Asset Liquidation plan, yet links from Bloomberg show hot debate on whether that is good or not. The free market would have thrown up on its own, purging the toxic assets by the failure of the banks holding them, instead of the expensive financial "surgery" from Geithner (which bails out his bank friends) to remove them with this plan. This plan is enormously expensive to achieve the same results. Look at the huge stock rise on the banks. Bloomberg also says the dollar weakened on this, as well as oil increasing and gold declining.
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POPS"Fire Geithner"! Send Message With Tax Return April 15th Put a message saying "Fire Geithner" in your IRS tax return due April 15th! That will send a loud and national message. Why? It's time for this former NY Federal Reserve Bank Chairman and Bankster insider to go! The momentum is building, which actually began with this article here , not Sean Hannity as he is claiming, who only started Mar. 17th. Now Jim DeMint (smelling the winds of opportunity) has gone public. But Sean Hannity has played clips on his program that prove that Geithner (who used clever legal wording in answering) deceived the public when he claimed he only knew about the AIG (his friends) billion dollar bonuses on March 10th. That's a provable lie! Another important New Yorker has come out to nail Geithner. That person is the "Sheriff of Wall Street", former Gov. Elliot Spitzer here. , as NY Daily News reports.
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POPSAmericans' Greedy Consumerism Behind Financial Crisis
While everyone is blaming the bankers they need to look in a mirror. Greed is not monopolized by Wall Street. Even those who make over $100k per year spend as much as they take in with little savings, paycheck to paycheck. This not a symptom of government of course, nor companies they work for, but spending according to wants instead of needs , or buying a house too early. But the impact of this during layoffs and tightening credit causes all of society to bear the weight of others' personal financial decisions, including banks. If people had bought within their means, instead spending only upon their wants, saved, thus paid their mortgage loans on time, there would be no collapse of the banks! People use to save a long time before buying a house, but recent generations live on the edge and want everything now, and jeapordize their housing. This is also what makes radio finance people like Dave Ramsay so rich for merely using common sense.
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POPSObama Administration Behind Ammo Shortage? The great ammo shortage mystery solved. It's not just high demand as this proves. Ammo supplies are being manipulated by pinching the normal supply of used brass from Dept of Defense sources. This is why it takes 7 weeks to get an order from ammo suppliers presently, and likely to get worse. This also ruins the business of ammo suppliers. Higher demand surely plays a role too as both gun and ammo sales have increased dramatically since the elections and financial crisis. Article tells how to notify your Congressmen that someone is by-passing Congress on gun control.
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POPSNational Debt Tops $11 Trillion But this will not prevent Obama or Congress from spending more recklessly than a woman with a credit card. Speaking of which, the Credit Card crisis is the next one pending now in the financial players on-deck circle...bank default rates are huge and growing.... because people know they will likely get a bailout and be forgiven, or are just mad at the banks! Bad bailout policies perpetuate more financial problems, and increase national debt!
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POPSThe Fed's $2 Trillion Ploy to Save Its Bank Friends Great title, even better article, so well written and detailed. It is very clear why Geithner got the Treasury chief job as former head of the NY Federal Reserve Bank. The Fed gangsters are running the show here, telling Obama and Congress what to do "or else", mafia style, while the MSM helps them justify it (as John Stewart portrayed with CNBC) all to the American people. The U.S. government is controlled by the Banksters, and the people are indentured servants.
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POPSSell-fest on Wall Street/Global Mkts, Bailouts Not Working Financial markets are not stabilized, no confidence either. Investors are bailing out of bank stocks, destabilizing the markets further. No government bailout plans can correct this: “You have almost no reason to own a bank stock,” Keith Wirtz, who helps oversee $20 billion as chief investment officer at Fifth Third Bancorp Even Warren Buffet is being more blunt now.
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POPSThe Great Newspaper Crisis--Too Bad You can almost smell another bailout coming, this one for Big Media. Their plea is in the article, which is entirely untrue: He worries that the widespread cost-cutting and possible closures threaten to devalue journalism - and democracy - in America. No, Journalism has just migrated to the internet and the newspapers cannot make the same profits there from advertisers and circulation. Then again, the newspapers have not kept us well informed, they deserve to suffer or die . How much real "journalism" (which they lament) or investigative reports were done in the run up to the Iraq War, besides official stories? None. Pick up a paper, full of large ads, low on hard content. No threat to "democracy" really...just the diminishing of the large newspaper industry. Too bad. Cancellations should increase. Hopefully, this will hurt the McNews services that feed them too, i.e. AP, Reuters, etc. Next will be local television, as cable increases.
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POPSList of Troubled Banks (as of Dec. '08) After a few more banks were grabbed by FDIC last week it might be good to see who else is on The List of "under-capitalized banks". This was hard to find, and any large ones not already in the news likely will not be published to prevent any bank runs. If you go to the source it enables you to click and enlarge the chart to actually read it.
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POPSStimulus Plan is Unconstitutional, Economically Dangerous! Both the Constitution and history are witnesses that testify that the Stimulus Plan is both a federal usurpation of power and economically stupid, and could CAUSE another "catastrophe". Read the author's review of history on this: Until the 1930s, the Constitution served as a major constraint on federal economic interventionism..... This Constitutional constraint still operated as late as the 1930s, when federal courts issued some 1,600 injunctions to restrain officials from carrying out acts of Congress, and the Supreme Court overturned the New Deal's centerpieces , the National Industrial Recovery Act and the Agricultural Adjustment Act, and other statutes. And this Federal intervention rests on the presumption that officials know how to manage the economy So why is Obama being encouraged by many to pass another "New Deal" when history proves the outcome? This should have been on the front page of the Wall Street Journal.
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POPSGovernment Financial Collapses: Five States Plead for Bailout Hey Gov. Schwarzenegger: "Hasta la vista, baby"! Those were your words when you took power as governor promising to prevent this very thing. The taxpaying citizens of the U.S. don't want to bailout out your corrupt state government either, any more than the Banksters or Auto-making Conglomerates. You will lose your governorship next. Hasta la vista, baby. The Terminator seems so prophetic, Calif. ruined. Note New York, California, Ohio, the larger electoral and population states (3 of the top 6), and Massachussetts (birthplace of America liberty) are in financial collapse. (New York City went bankrupt about 20 years ago). This is of the greatest political, as well as economic, significance. The breakup of the U.S. is beginning in this Economic Earthquake of Banks, Corporations, and Governments. It is more a Fiscal Crisis than an economic crisis caused by mismanagement of banks and governments which are now reaping the fruits of the corruption they sowed.
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POPSPiggy Bank Sales Up, An Economic Indicator everyone is preparing for "rainy days" ahead. The safe sales might indicate that people think their money is safer at home than in banks (where there is little interest earned), and they do not have to fear bank runs. Over 50 banks in the U.S. have failed recently and their are predictions of more.
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POPSMilitary Preparing for "Civil Unrest"--Bank Runs Included This is consistent with previous clips predicting such. Note especially, per prediction experts like Gerald Celente in an earlier clip, who said to expect such in early 2009: runs on beleaguered banks. This article centers on Arizona, and Obama just appointed the former Gov. of Arizona, Janet Napolitano to Homeland Security (tyranny) secretary replacing Michael Chertoff.
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POPSPat Buchanan Helps Expose the Fed (Video) Pat: "everything you hear on TV..about bailouts and the banking system is a LIE" (emphasis mine). Pop some corn (butter and Parmesan cheese is best) and educate your friends, watch it for a free "Friday night at the movies" that is worthwhile.
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POPSThe World Government Agenda Goes Public, Obama to Lead U.S. into EU Model The "war on terror", global financial crisis, and global environmental agenda provide three perfect (and all grossly exaggerated and manufactured) pretexts as an excuse to justify it. Obama will lead the U.S. into World Government, and their craft has already started with his Managing Global Insecurity (MGI) team: Aware of the political sensitivity of its ideas, the MGI report opts for soothing language. It emphasises the need for American leadership and uses the term, “responsible sovereignty” – when calling for international co-operation – rather than the more radical-sounding phrase favoured in Europe, “shared sovereignty”. It also talks about “global governance” rather than world government. This IS the CFR dream agenda of which all the candidates were apart of through their membership. This is why Obama platformed for presidency overseas, in Berlin Germany in particular and in France near the Eiffel Tower (the hearth place of the global Masonic orders).
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POPSNoam Chomsky Critiques Obama Hard criticism from the Left about how he got elected, and wooed the people with "Brand Obama" the "change" candidate. Next he turns to substance: On Biden: The first choice was the Vice President, Joe Biden, one of the strongest supporters of the war in Iraq in the Senate Rahm the first post-election appointment was for Chief of Staff, which is a crucial appointment...That was Rahm Emanuel, one of the strongest supporters of the war in Iraq in the House. ...the only member of the Illinois delegation who voted for Bush’s effective declaration of war.....one of the leading recipients in congress of funding from the financial institutions hedge funds...an investment banker Financial the financial crisis. Obama’s choices to more or less run this were Robert Rubin and Larry Summers from Clinton..They are among the people who are substantially responsible for the crisis....They should be given subpoenas. listen to audio at lin
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POPSPakistan Gets a Bailout Plan Too U.S. taxpayers are unknowingly among the group called "Friends of Pakistan". AI is not just Wall St that Main St is bailing out, and in this the U.S. taxpayer has no choice. "Pakistan is seeking as much as $8bn from the Friends of Pakistan.
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POPSCrash in Process? Global Markets Tumbling! What the Dow did Wed is rippling globally. All markets are falling! This will cause people to make immediate changes (as some 401ks allow) to their plans, shifting from stocks to bonds, which will further the collapse into an avalanche. It was reported by the MSM that this was based upon news that recession is certain and job layoffs are being announced now by major corporations. Further, I believe many corporations will decide that since the market has declined so bad, that they will not play games to show good earnings reports for the quarter, and instead blame the market for stock price falling, and post their undoctored poor performance, which will further erode stock prices. This could be huge. The Bailout Plan was a sham. Those who voted against it were right. The market is convulsing to adjust on its own as if there was none. This looks like a crash course of historic proportions (the declines already set records) before the end of October.
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POPSMcCain Advocates Communism in Debate; Homeowner Bailout Taxpayers to bailout defaulting homeowners? Let's take 300 of that billion and go in and buy those home loan mortgages and negotiate with those people in their homes, 11 million homes or more, so that they can afford to pay the mortgage, stay in their home. Then, he even ADMITS the criticism, how is that fair to responsible homeowners, that have to pay for the bailout of others who did not make their payments as contracted? Now, I know the criticism of this. Well, what about the citizen that stayed in their homes...That paid their mortgage payments? It doesn't help that person in their home if the next door neighbor's house is abandoned. And so we've got to reverse this. We ought to put the homeowners first. McCain advocates communism, which the dictionary defines: a system in which goods are owned in common and are available to all as needed For a Vietnam Vet fighting communism to advocate thi
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POPSBush's Brave New (Financial) World, Orwellian Policies Financial fascism step by step. In case you missed it Bush announced yesterday that the federal government is "taking" a share in the 9 top banks, who were FORCED to sign papers in Bush's office and accept $250 billion in cash (created from thin air and the Bailout plan) and the governments terms, like it or not! (See my clipmark on Great Bank Bailout). Yes, the Federal government "made an offer they could not refuse", mafia style, to these top banks. One of the bank CEOs protested loudly, saying his firm was not in trouble. He was forced to sign anyway , as Bush government makes up the rules (apart from the Constitution) in this Brave New Dictatorship. Mish continues: Bush, Paulson, Bernanke, and others are responding with measures that lead one further down the path of fascism, supposedly to "preserve the system". "9/11 changed everything", ergo, "the financial crisis changed everything"--the same pattern and excuse for gov't control.
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POPSFinancial Crisis: The Great Bank Bailout The nine banks had "no choice" as the federal government (with money created by the Fed from thin air) is buying a portion of these banks, injecting cash into them to ease credit. This is a partial government takeover or pseudo-nationalization of these banks, also being done in the UK and Europe.
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POPSFinancial Crisis Part II: U.S. Automakers Next "Some 18% of sales volume" from bad credit buyers. Watch the banks and credit companies like Capital One here flee the industry to strengthen their own positions. High gas prices have hurt car sales no doubt.
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POPSThe Financial WMD Came Despite the Bailout Investors got hit by a very dirty bomb to their savings and 401K plans. The attack came from parties within. Now a form of economic martial law is being put in place, coercing Americans to help remedy the situation, even though they were innocent victims to what the perpetrators did.
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POPSOil & Gas Prices Plunge; Supply Unchanged High gas prices were driven by speculators in oil futures, low valuation of dollar, and war fears--NOT BECAUSE OF LIMITED SUPPLY. Making this point again since GOP propagandists were blaming high gas prices on lack of drilling and our "enemies at OPEC". Baloney! This should bring an end to that pack of lies. 1. This is investor driven, (read the analyst in the clip above). 2. The dollar is now regaining strength , which is used in international oil trade. (But the record $10.2 trillion national debt is made of fake printed money, which is inflationary, and still a huge problem). 3. War fears, which drive speculation also, have subsided as the prospect and drumbeat of war with Iran has diminished (for now). Until Israel foments war again. These are the three principle causes of high gas prices, now being reversed. Let the "drill" propagandists for supply as the cause now shut their mouths.
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POPSFinancial Crisis: Fed Becomes Rogue Power The Fed under Bernanke does whatever it wants. There is little constraints on it by law, being a creature actually outside of government. The "central bank" is actually a consortium of private banks with authority to print money "from thin air", as it states here. The Federal Reserve is no more "federal" than Federal Express. The only reason the Fed Chairman Bernanke went to Congress for a Bailout Plan (by using Treas. Sec'y Paulson to front, and hiding behind Bush) was to cover his hindquarters, and gain "consent" (by fear and coercion) of Congress, and putting Americans on the hook with them. Note the article states that the Fed acted already on its own to bailout Bear Stearns and make other "loans" (print money) without Congress: The Bernanke Fed first invoked rarely used 1930s powers to intervene — with taxpayer backing — in March when it provided a $29 billion loan as part of JPMorgan Chase & Co.'s takeover of Bear Stearns. The Fed is now Czar.
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POPSEconomic New World Order Emerges from Crisis Taxpayers lose as governments nationalize and intervene in banks to prevent collapse. This seems all too convenient an arrangement. They have always wanted a economic new world order and now, they say, is the time to do it. This financial crisis and the reaction of governments will go down as a major historical event that changed the world. Meanwhile, while the financial sectors are in throws, gas prices for consumers are dropping and there is still credit and loans to be obtained at good interest rates despite all their propaganda to scare up support for these interventions by governments.
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POPSUK Rushes Bailout Plan for Troubled Banks UK moves to nationalize struggling banks. Sounds like a run on a few banks in the UK could strap them for cash. Do they have the equivalent of FDIC, are the people accounts insured by the government? The moves are to provide enough "cash on hand for day to day operations"--i.e. consumer withdrawals: To address the collapse of confidence in money markets, the standby facility should ensure big banks have enough cash to fund day-to-day operations.
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POPSBlack Monday: Global Financial Crisis in Pictures Look: The Bailout did not stop this! The only things looking good are gold (soaring), government bonds (safer investments), the dollar (which has rebounded) and oil prices (which are now below 90 buck a barrel; hopefully $3 per gallon gas is coming soon; but we want 1.50 per gallon like when Bush and the war-spending neocons seized power, massively increasing government spending and national debt). World stock markets have plunged after government bank bail-outs in the US and Europe failed to stem fears of slower global economic growth. On Wall Street, the Dow Jones fell 370 points, ending below 10,000 for the first time since 2004. UK and French indexes also suffered big falls. For a definition of futures index in these charts go here.
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POPSBailout: That Giant Sucking Sound--House Approves This guys blog received 1.8 million hits the other day after being on national radio. He is an investment expert and advisor leading a campaign to prevent the Bailout. The Constitution makes no provision for the government to take the people's tax revenues and provide them to private firms for financial assistance.
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