- The 'new' global financial systems created for the twenty-first
century have exceeded all boundaries, and this New World Order's grab
for worldwide domination must be allowed to crash and drown in its own
excesses.
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- One of its primary architects, Alan Greenspan, who headed
the privately owned Federal Reserve 'Bank' for eighteen and a half years,
a character of truly mythic proportions at least in his own mind said
today: "that he and others who believed lending institutions would
do a good job of protecting shareholders are in "a state of shocked
disbelief," according to the Associated Press.
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- He said that the financial crisis had exposed a flaw
in his and others' free market ideology. Banks and investment firms did
not do a good enough job analyzing the risks of the home mortgage market,
and some types of derivatives should have been subject to more regulation."
(1)
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- In other words Greenspan now agrees with his critics
of the government and of the privately owned Financial-Frankenstein that
he and his owners created: However his re-cognition and befuddled enlightenment
will do nothing about replacing the eight trillion dollars that has just
been lost due to these massive thefts that are still going on.
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- At some point in his rambling answers to the News Hour
tonight Greenspan at first seemed mystified that he and his tribe could
have been wrong; but then he quickly tried to justify this 'error' by
saying that 'these transactions were just too complicated to be properly
tracked.'
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- What he failed to discuss is that these complications
were put in place to hide the truth of what was going on in every area
of that type of finance which lives far above the clouds of either oversight
or regulation: It should be noted that these corporate Titians are huge
because their massive systems are that way on purpose, to keep from inquiring
minds all the dirty little secret- dealings that have brought the world
to the edge of oblivion.
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- Regulations were put in place after the Crash of 1929
to insure that this kind of thing never happened again. From that day
to this, the descendents of the Robber-Barons have been slaving away
to eliminate those safe-guards in order to reap what they see as their
just-revenge for having been challenged and restrained, for their crimes
of that long ago collapse of the public's trust.
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- An international agreement must be created to outlaw
forever, the kind of global banking practices that led us all to this
place without any shelter from the folly of their criminal attempts, to
crash the global economic systems of the world. This is actually as important,
or perhaps even more so, than the international agreements that were created
to govern the Rules of War.
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- Before the twelve central banks and their inbred families
existed; nation-states theoretically protected their own interests in
a hostile and all too dangerous world. So while certain nations could
become enslaved or stolen; the entire world was not infected by these
money-changers that have been trying to steal everything monetary from
everyone that uses the current monetary system. So how did we get here?
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- "During the Clinton administration, the government
required the financial industry to start expanding the frequency of mortgage
loans to consumers who might not have qualified in the past.
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- When George W. Bush was named president by the Supreme
Court in December 2000, the stock market had begun to decline with the
bursting of the dot.com bubble. In 2001 the frequency of White House
visits by Alan Greenspan increased.
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- The Federal Reserve began cutting interest rates, and
by 2002 a home-buying frenzy was underway. Fannie Mae and Freddie Mac
went along by guaranteeing the increasing number of mortgage loans.
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- According to a mortgage broker this writer interviewed,
word began to come down through the mortgage banks to begin falsifying
mortgage applications to show more borrower income than borrowers actually
possessed. Banks that wrote mortgages began to offload them when Wall
Street packaged them into mortgage-backed securities that were sold around
the world as bonds to investors.
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- Risk-analysts at the leading credit-rating agencies,
such as Standard and Poor's, Moody's, and Fitch, gave their highest ratings
to mortgage-backed securities whose risks were later acknowledged to be
grossly underestimated.
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- Mortgage companies, with Alan Greenspan's endorsement,
began to offer more Adjustable Rate Mortgages (ARMs), loans that would
reset at much higher rates in future years." (2)
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- The point behind consolidating all the trade and monetary
policies of the planet under a huge global protectorate was not designed
to enable a better world: No, this was designed to force the bulk of
the world into complete surrender to a shadow-government of ancient criminal
dimensions that have always hungered for a Global-Empire where all resistance
would be futile!
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- This is reminiscent of that children's nursery rhyme:
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- Humpty Dumpty sat on the Wall.
- Then Humpty-Dumpty had a Great Fall,
- And all the Kings Horses
- And all the Kings Men
- Could never put Humpty together again!
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- In this case; Wall Street should be walled-off and the
egg-shaped World of Humpty-Dumpty, should be returned to their individual
states and nations with international fire walls that keep them all separate
forever. That way nations that have no rules, no oversight and no standards
for clear values of properties or investments, need not be allowed to
infect those states and people that do have oversight protections and
actual international standards for loans and investments that can be easily
understood and tracked.
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- This would assure investors and others that they need
not fear that what they thought were sound investments might suddenly
just go up in smoke.
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- Since this crash was fostered and promoted as much by
Corporate States, as it was by the scheming connivances of the Money-Changers
and their pawns: perhaps it's time to subject The Corporatocracy to new
rules-rules that would limit their lifetimes and rules that would add
new corporate responsibilities to their sole purpose; which is to make
money without any consideration for anything else that might directly
limit or effect their illicit profits.
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- Ordinary people are not allowed to just "make money"
to the distraction of all else: so why not limit corporations to the same
set of responsibilities that people have put up with, which includes
an end to life as well. (In theory corporations can now live forever).
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- If the world does not begin this process, then the Corporate
States will certainly win if there is a next time, and we will lose everything
to them because they are like infants in the crib that worry about nothing
except their single-minded purpose: In this case, "making money!"
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- Imagine how different the world would be if Corporate
Charters had to include percentages of shared profit with those that work
for them, as well as having to pay for the resources they currently use
for free, and then pollute, until they kill the land the water and the
air, wherever they chose to place the mini-prisons of their offices and
factories. We jail people that are anti-social, or who trash the communities
they live and work in: why not do the same to corporations?
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- The government ought to use some of those taxes we pay
to give the public real health-care. Then we could end all those extortionate
insurance companies and the medical industry that lobbies congress on
everything from health care to medications. This government has taxed
this nation to death; and we have nothing whatever to show for all that
money except two failed wars, and millions of tons of bombs, bullets and
no-bid contracts. And believe it or not this is almost entirely due to
the rarified air of the Corporate-climate in America!
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- Unchecked Capitalism is a cult and needs very careful
watching because it is no friend to ordinary people, or even to those
that work for them. But "Hey-it's just business." If that's
a good enough explanation to us, for their treatment of those who are
not part of their upper-crust; then it ought to be the 'standard' by
which corporations are judged, when it comes to the terms under which
they are allowed to do business in any community.
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- Workers should enjoy some of the benefits that they have
produced for the company. That's not Socialism; it's called ROI, a fair
return on investment. People rent their lives for a portion of each week
of time, and what exactly do they get in return: and why should that return
not be reflective of the success they have helped immensely to create?
Money has no "owner" it is only valuable when it is used.
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- While key executives might be very influential in assisting
a company to maximize their profits: the same has to be said for those
who actually do the work and make the products that make the corporations
rich. Employees are expected to be "good citizens" within their
communities, but has anyone else noticed that corporations have no ethics
at all. Corporations certainly feel free to dump the cities, counties
and states that enabled them to rise to greatness, whenever they get cheaper
labor outside the country, hell the government even rewards this behavior
with corporate welfare-in addition to seeing to it that the corporations
pay no taxes once they are safely offshore and making billions more than
ever before. This too is "just business!"
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- What about the American workforce that those offshore
moves kill outright-why is there not even a fine for doing that to people
that in some cases have invested their entire lives working for one of
these psychotic giants! When one of their 'employees' fails a drug test,
or is found to be doing less than he or she is "capable of"
then there are retributions and possibly termination. In fact there is
usually a long list of things that any 'employee' can be fired for: yet
there are no hard and fast rules for firing upper- echelon executives,
for anything. When the Corporation commits a crime, against the population
or the planet, then that crime is usually reduced to nothingness, or ended
with a miniscule fine: And if there is a conflict with an employee the
Corporation seldom has to pay for what they've done-because "Hey-it's
just business!" (3)
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- kirwanstudios@sbcglobal.net
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- 1) Greenspan Calls Credit Crisis 'a Financial Tsunami'
- http://www.pbs.org/newshour/updates/business/july-dec08/
greenspan_10-23.html
- 2) They Did it on Purpose: The Housing Bubble and its
Crash were engineered
- http://www.globalresearch.ca/index.php? context=viewArticle&code=COO20081023&articleId=10654
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- 3) The Bailout
- http://www.heyokamagazine.com/heyoka.17.why%20the% 20bailoutwontwork.htm
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