Busted: Bankers and The Global Economy

April 18, 2009

The Obama Deception or More?

Note from a friend:
Hey!
I know this is long, but, you have to watch this! It is a very long documentary! The best and most informing, current, and alarming information is towards the end. Watch the whole thing! It is almost two hours long… but very informing and well worth it. Your freedoms and way of life are being torn down, bit-by-bit, and before you know it, you will be so entrenched… and neither you or I can do anything about it! We are all (the whole world) being forced into paying homage to an unseen, deplorable, and downright evil empire! Don’t believe me? Watch it!

Regardless of what you think, the current plight of the world isn’t about Obama as the film opens. John McCain in office would have yielded a similar result if you believe any of this information and if you observed Republicans and lawmakers in office during the last eight years. The history reaches farther back than that. This crisis has been a work in process. In the meantime, the information on this website generally supports the conclusions of the Obama Deception. You don’t need to be a person of faith to realize what the world is looking forward to. How you react is another matter altogether. Upcoming events may cause you to have faith in Bible prophecy and the legitimacy of the Bible.  Regardless of what you think, the “International Society of Bankers” have been very busy. Your security and well-being is not their concern. ~ E.M.

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October 1, 2008

Economic Bailout Drumbeat: Securities, Transparency & Housing Value

The White House, Treasury Secretary Henry Paulson, Congressional leaders coupled with candidates McCain and Obama, kept up a steady drumbeat of support for the ultimate bailout plan that has yet to materialize. For the moment, the U.S. political perception is that the world markets are stabilized. The reality is that on the surface, stability is a mirror on the pond of finance. Economists discuss among themselves that the reality of life in America remains that the nation is living way beyond its means. Political ideology in the States coupled with irresponsible spending has brought the nation to its knees. Generally, economists long for a pragmatic economic policy that is not driven solely by politics and special interests. An enlightened public is necessary to drive true reform to force politicians to do what they should.

Cutting bankers some slack by buying their bad securities is a bad idea. Is this not like overpricing the junk in your basement to resale as new? Garage sale junk rarely goes up in value. Depending on failed securities to magically increase in value when they are currently worthless is self-deception. Expecting financial junk to appreciate in value when there is no market for it because the premise of that junk is fatally flawed is no less deceptive. Failed banking securities are not wine.

The technical aspects of buying out bad securities is equally problematic. What is worse, depending on Congressional oversight to save the world is an exercise in futility. The lack of “transparency” is the chief issue behind the entire process. There is still no transparency in the process. Designing that transparency on many levels is probably mythical. Nobody within the brightest barrel of economists truly knows how to accomplish this transparency, but readily admit that the possible solution is highly technical.

The basis of the last several decades of wealth creation has been based on the foundation that housing prices could only increase. If U.S. economists had spent any time looking at Japan, most of us  would know the likelihood of truth. A few of us do. Since the crash of the 90s, housing prices in Japan have continued to move downward with no prospect of increase. Real estate is no longer the quality investment that it was in Japan and this nation is looking at the same scenario. ~ E. Manning

May 5, 2008

New Credit Proposals Rattle Bankers

The Federal Reserve has been setting new baselines all year and last week was no exception. With new power and influence, the Federal Reserve is proposing a new set of credit lending rules that are rattling bankers from coast to coast.

Fed Chairman Ben Bernanke wants to put predictability back into banking costs where credit cards are concerned. The Federal Reserve is setting a new baseline for fairness in banking practices in issuing late fees, unfair interest rates, allocation of payments using balances with different rates, excessive fees, unfair computing of balances and deceptive practices. According to the Federal Reserve: (more…)

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