Busted: Bankers and The Global Economy

September 28, 2008

Liquidity Crisis is Accounting Semantics

In dealing with the bailout the reader needs discernment that is provided on this website. Remember that the ultimate solution for global banking per the global central bankers is the integration of Basel II rules. Basel II rules don’t prohibit the kind of banking profitaking or abusive policies that we have seen in the United States over the last decade or more. Basel II, the creation of global bankers is little more than a charade, pretending to be a solution for little or nothing. Basel II merely restricts the surface exposure of the tricks that accountants play with the direction of their superiors.

The bottom line is that the liquidity crisis in America is in large due to semantics in accounting, combined with the fear of bankers. When payback has come home to roost, bankers have become very protective of themselves. The result is clear to see. These accounting tricks that are used by bankers and big business to bolster the bottom line while accentuating power and growth has become the established tour de force of the industry that they don’t want to give up. If you haven’t deduced the truth from reading this blog over the last year, know the truth now. The crisis that we have in largely based in fear because of rampant abuse of the system. Bankers know what awaits them because of what they have done along with the sponsorship of the U.S. government. Turning a blind eye to improper banking and accounting standards because those standards “enriched” the nation has finally completed the cycle. Regulations weren’t the problem. The will to enforce regulations along with acceptable standards was and still is the Achilles Heel of the system.  

What everyone in the U.S. economy has forgotten about is the glory of small business creativity and empowerment that the United States as a nation used to enjoy. Instead, the U.S. has turned to fascist corporate policy and close scrutiny on personal freedom as the safe way to live and profit. Increasing control, now available through computers, the internet and global tracking technologies is becoming the established way of policing the nation. A meaningful grass roots recovery will be difficult to impossible until this changes. Ultimately, this is what is needed to restore any level of quick recovery to the nation. Politicians must give up some of the control that they are determined to enjoy. ~ E. Manning

July 8, 2008

The Fed: Power and Protection Rules

The Federal Reserve, with new power in hand, intends to issue new rules next week aimed at protecting future home buyers from scandalous lending practices. The media has proclaimed the new rules are the most sweeping response to a housing crisis that has propelled foreclosures to record highs. Considering what is happening to American home buyers, this might considered to be true. The most sweeping response has been the bailout of Wall Street beginning with Bear Stearns in this writer’s humble opinion.

The fact is that there are plenty of regulations. Regulations did not stop bankers from breaking the law with predatory loans, nor stopped investors from (more…)

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