Tuesday, December 02, 2008 Posted by Shattered Paradigm
If so, you are not alone. Businessweek has noticed this disturbing trend as well, and has described the current banking environment this way:
"Yet an unknown number of other banks, deemed by the feds as too weak to survive and prosper, are seeing their requests for aid under Treasury's Capital Purchase Program quietly turned away. In at least a few cases, they are finding themselves nudged—or pushed—into the arms of stronger suitors."
Businessweek went on to quote Harvard economist Kenneth S. Rogoff who put it quite bluntly: "We're seeing a consolidation, and it's really driven by government policy."
The truth is that what we are experiencing is more accurately described not as a financial crisis, but rather as a financial consolidation - a high level financial war that will result in the Federal Reserve and the international bankers of the global elite having more power and more assets after it is all over.
This kind of ruthless financial consolidation has happened before. In 1815, Nathan Rothschild, through his network of spies, was able to learn the outcome of the Battle of Waterloo before anyone else in the financial community. When he started selling like mad, the financial community feared that Wellington had lost and they started selling too. The market completely went wild with selling. At the end of the day, Rothschild and his agents reversed course and bought up everything at dramatically reduced prices. Rothschild induced the panic so that he could buy up as much as he could and consolidate his power.
At the start of the Great Depression, the major banks drastically reduced the flow of credit. All of a sudden nobody could get loans for anything, and the great credit bubble that fueled the prosperity of the 1920s collapsed. The market tanked, and the value of homes, farms and businesses went through the floor. The bankers came along and bought up whatever they wanted for a song.
So now the powers that be tell us that we are facing another "credit crunch". Yeah - a manufactured one. For the past two years the Federal Reserve has been starting to constrict the money supply and major banks have been beginning to reduce the flow of credit. Of course that was going to result in financial dominos starting to fall - especially in such an overleveraged society.
One of the first dominos to fall was Bear Stearns - the last somewhat "independent" major investment bank. Oh, the international bankers have wanted to fully get their hands on Bear Stearns for a long time. And they did just that when JP Morgan was able to scoop up the shattered remains of Bear Stearns for pennies on the dollar.
After that there was the whole Lehman Brothers debacle.
JP Morgan has been accused by Lehman Brothers of dealing the critical blow that forced Lehman Brothers to collapse. JP Morgan is alleged to have frozen 17 billion dollars in cash and securities belonging to Lehman Brothers on the Friday night before its failure. Lehman Brothers subsequently collapsed, and many of its assets have been sold to buyers including Barclays.
So let's review a bit of the consolidation that has been taking place:
Bear Stearns - purchased by JP Morgan
Lehman Brothers - many of its assets have been sold to buyers including Barclays
Merrill Lynch - purchased by Bank of America
Washington Mutual - purchased by JP Morgan
Wachovia - Wells Fargo looks like they will be the victors here
As if it wasn't enough that the international bankers crashed our financial system so that they could consolidate their power - now we are being told that we have to give them 100s of billions of dollars or else we'll have another Great Depression.
Most Americans think that this "bailout" is only going to cost taxpayers 700 billion dollars. They would be wrong. Let's take a look at what all of these bailouts are really going to cost the taxpayers of America:
Pelosi’s latest economic-stimulus package: $300 billion
Paulson’s Bank Nationalization package: $250 billion
Bailout to the American car companies: $25 billion
Nancy Pelosi’s bailout of the state and local governments: $150 billion
Financial “bailout” bill: $700 billion+
Bear Stearns financing: $29 billion
Fannie Mae and Freddie Mac nationalization: $200 billion
AIG loan and nationalization: $85 billion (+ extra request of $35 billion)
Federal Housing Administration housing rescue bill: $300 billion
Mortgage community grants: $4 billion
JPMorgan Chase repayments: $87 billion
Loans to banks via Fed’s Term Auction Facility: $200 billion+
Loans from Depression-era Exchange Stabilization Fund: $50 billion
Purchases of mortgage securities by Fannie/Freddie: $144 billion
POSSIBLE TOTAL: $2.56 trillion+
POSSIBLE COST PER U.S. HOUSEHOLD: $24,269
The look on the face of an American taxpayer when they realize their children have been sold into economic slavery to pay for a big 2.56 trillion dollar gift to rich international bankers: PRICELESS
If the figures above were not bad enough, the truth is that some analysts are now claiming that the total cost of this financial crisis will end up in the 7-8 TRILLION dollar range.
So just where in the world is all of this money going to come from that the American government is promising? The truth is the the government of the United States is already drowning in debt. Just check out this chart:
Now add several trillion dollars more debt to this chart. Is a nation with so much debt in a strong position?
Not at all.
The reality is that the United States has sold their children into an economic future of misery, where the best case scenario is that they work night and day for the rest of their lives to pay interest on that miserable debt.
And so who is getting the benefit out of all this debt?
The international bankers who own the private Federal Reserve who make money whenever the U.S. government borrows money.
If you do not know that "The Federal Reserve" is a private bank owned by international bankers who control America's currency, then you need to watch this video:
After watching that video, you may be in the mood to watch this next video. It contains footage of the "I'm Mad As Hell" speech From The Movie "Network":
We would love to hear what you all think about all of this. Please feel free to leave a comment with your opinion.