Busted: Bankers and The Global Economy

May 4, 2008

The Federal Reserve Panic Button

With so little wiggle room in the interest rate, we’ve mused about what the Fed intends to do to encourage the market and to free up liquidity. The Fed has come up with another quick fix. It’s called expanding the Term Auction Facility to $75 billion per auction. Now, the Fed is allowing an expansion of what it will receive as collateral for the TAF. The Fed will now accept securitized “junk” bonds based on the subprime and alt-a mortgage loans in exchange for bank credit to expand banking liquidity. This action is hoped to take additional pressures from the liquidity-pressed commercial bankers in the U.S.

Interestingly, similar measures are being adopted at other international “fellow central banks”. Remember that one of the founding premises of this website is that the banking system is actually a consortium of a united group of bankers that we call the “International Society of Bankers”. This society of bankers heralds from the original central bank established in good old Rome, Italy. This is a very important part of the world’s banking, religious and commercial history that links the system to the old Roman Empire. Whether you believe this fact to be important depends on who you are and what you believe.

During normal times of operation, this fact can be hard to uncover with any hard proof, although we have revealed some banking documents over the years that easily make the case. Bankers generally deny the truth and claim that incorporation keeps them separate entities. This is a convenience for the international bankers. During this time of extreme global stress and uncertainty, the “International Bankers” have not been so shy about revealing their consortium and the fact that they routinely work together to fleece the nations of their working capital for the benefit of the Swiss and Roman bankers, which are actually the same folks. This is pivotal knowledge in order to properly understand world history, why the world works the way it does as well as who is really in control of the world banking order. Anyone that thinks otherwise fools only themselves.

As far as Term Auction Facility is concerned: commercial bankers have become dependent on rotating their “bad capital” with their respective central banks. This is important to note. Unfortunately for the commercial bankers, digging out of their banking hole is extremely difficult because the auction allows for short-term liquidity exchanges only. The result is a “financing shell game” of hiding and revealing bad debt that is not retired. Ultimately, the bad debt and securities must be written off. It is hoped that when financial conditions improve that commercial bankers will be able to write off the debt over time. This may or may not be the case when the rubber meets the road. The commercial banking stalemate involving interbank lending is still not viable. As a result, commercial banking has become entirely dependent on the Fed for continued functioning.

The bottom line is that by temporarily shedding commercial banking bad debt on the Federal Reserve, many underfunded commercial bankers are able to stay in business and prevent the collapse of the United States economy. Apparently, from the evidence that the “International Society of Bankers” admits, this same problem exists to a lesser extent in other national regions.

Keep in mind that this situation is entirely artificial and depends on the largess and “generosity” of the international bankers that fund the escapade with another shell game. Monetary systems are no longer based on anything outside of national confidence since all money is created from thin air and is backed by the authority of the bankers and nations. In effect, the system is bankrupt, backed by nothing but words and financial theory.

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