The world's biggest Ponzi Scheme is unravelling..
Nebraskablue
Sep 23, 2008
http://www.dailykos.com/storyonly/2008/9/23/18926/1826/220/607964
And Ben Bernanke and Hank Paulson are just the front men for the wind down of the biggest scam ever run.
They are just jugglers tying to keep all the balls in air so the current game doesn't melt down on their watch.
And like the slow motion train wreck that Enron became... so will the system they are trying to keep going.
There is a global financial adjustment coming and it will rock the economies of many nations, not just ours here in the USA.
Not even... Germany will suffer, so will the UK, and Austrailia, the Swiss and Russia.
The 10,000 lb Gorilla in the room NO ONE is talking about is the Credit Default Swap (or option) market.
Currently the CDS / CDO market is conservatively estimated to be valued at 44 TRILLION dollars.
The value of the ENTIRE US Stock Market is 22 TRILLION dollars.
The value of the ENTIRE US Mortgage market is 7 TRILLION Dollars.
Can you say inverted pyramid?
THE CDO / CDS market is based upon NOTHING but wishfull thinking and bad paper, who is going to unwind it? We shall see....
Of course this started in the US Debt market, sell more stuff to America, more houses, more cars, more electronics and put it all on an equity loan, or your credit card!
America gets attacked on 9-11, hell, come on America, do your part! - Go shopping!!!!!
The name of the game was - how much DEBT can we (Wall Street and the other Global Financiers) push off on the public.
Of COURSE they got scared after a while because they can crunch numbers too, or so it seems. And they figured out while they were getting really huge returns on all of this debt they were pushing and trading, it was getting so very much riskier to keep it all floating around.
So they decided to make up their own insurance plans, in the form of securities they could trade amongst themselves which SUPPOSEDLY spread the risk of failure among many companies and various forms of debt.
(By the way the smartest guys on Wall Street bought and paid for this venue for them to make money by getting even MORE deregulation via their paid for lobbyists and compliant Congressman and Senators).
The invisible hand of the FREE market... ya know!!!
Internet Censorship Alert
Internet Censorship Alert: Alex Jones exposes agenda to 'blacklist' dissenting sites (March 14, 2010)
As I predicted, the Obama Administration is trying to shut down the Internet - at least the parts he doesn't like. Barack Obamas regulatory czar, Cass Sunstein has stated that he wants to ban conspiracy theories from the internet. Think about what this means - Every video, every website, every blog, every email, that exposes or just criticizes the government for any reason whatsoever could be labeled a "conspiracy" and taken down. Your home could be raided in the middle of the night, and you could be carted of to jail for criticizing the government. All they have to do is call it a "conspiracy theory".
http://www.youtube.com/watch?v=aqAWmBLFodE
Friday, September 26, 2008
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