By Jim
Kirwan
October 24, 2008
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.
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.
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)
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.
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.’
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.
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.
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.
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?
“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.
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.
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.
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.
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.
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)
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!
This is reminiscent of that children’s nursery
rhyme:
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!
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.
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.
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.
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).
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!”
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?
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!
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.
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.
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!”
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)
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
3) The Bailout
http://www.heyokamagazine.com/heyoka.17.why%20the%20bailoutwontwork.htm
Jim Kirwan is a freelance writer
who writes political news articles about the issues that affect
everyday Americans. To comment on an article email
Jim here
----------------------------------------------------------------------------------------------------------------------------------------
(In accordance with Title
17 U.S.C. Section 107, this material is distributed
without profit to those who have expressed a prior interest
in receiving the included information for research and
educational purposes. BadConcress.com has no affiliation
whatsoever with the originator of this article nor is BadCongress.com
endorsed or sponsored by the originator.
|
