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|User Info||Tea Party Leadership Supports Bankster Felonies; entered at 2011-11-19 14:26:33|
Registered: 2009-02-28 DFW, Tx
Reading this book, The Case against the Fed by Rothbard might shed some light onto this subject http://mises.org/books/fed.pdf|
Rothbard goes into a lot of the stuff we have read over and over again, but he draws a nice educational picture as to the history of reserve banking and the role of a central bank. But, what he writes about who in politics was who in the 1900 to 1940 period sheds a lot of light as to who is behind the various political movements. In short, Rockefeller controlled McKinley, Taft and Harding, while Morgan has influence with T. Roosevelt, Wilson and Coolidge. FDR brought the Rockefeller combine permanently to power along with Goldman Sachs, Kennedy and Lehman Bros.
One might examine the mess in Europe and if they study it well, they will come to the conclusion that government and banks are stuck together like a couple of dogs screwing and we don't know which is on top. Here, Republicans need government to finance war and Democrats need it to finance social programs. Both need it to finance both, as that is how government attempts to maintain power and influence over the people this day and time.
The point KD is we can only assume these bastards were smart enough that this was actually a criminal enterprise above and beyond what it has always been or that they were stupid enough to believe the bull**** games they were playing with money. The other problem is government never seems to let these guys lose, as they are enablers of each other. I am beginning to believe there were fewer crooks and a lot more idiots, starting with the guys at the Fed and going to the tops of the various banks and Wall Street firms. It is rare anyone makes you rich by selling you their ****. I think the smart guys figured that out in the late 1990's, but most of us didn't realize how far they could push the envelope.
The biggest culprit is the Fed and the various regulators out there. I do believe that most in the know actually knew they needed to push credit into the system any way they could or suffer the consequences. We are merely watching musical bubbles in an end game time frame of a financial and government finance system. Deficits at the current level serve to keep the game afloat, as government finance is the only game left. In normal times, this would be a political scandal and yet we hear guys like Krugman beg for more. When we see bonds suddenly go to 7%, there will be gnashing of teeth and pointing of fingers. In the meantime, the bankers are running games to pull profits out of a shrinking system.
It is time to rip the mask off the mortgage finance mess and figure out what happened, who signed off on what and what were they supposed to know? But, this is merely one of many schemes. Look at the rules of government finance, which is perched to destroy the European mess. This stuff won't be bailed out, as there isn't a mechanism to bail it out. Some of you have seen this interview with Kyle Bass. For those that haven't, you might gain a hell of a lot of knowledge about what is happening. They aren't going to bail this stuff out, so don't buy into it. If you ended up making 100% on a long play, it wouldn't have been worth the risk to play against this. We are merely watching one more mass media promotion about how good things are so the markets can clear themselves. Not much different than the containing of the CDO mess in July 2007.