Showing posts with label banks. Show all posts
Showing posts with label banks. Show all posts

Tuesday, May 06, 2014

Oh the Games People Play Now

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Every night and every day now
Never meaning what they say now
Never saying what they mean now

Now in order to understand the degree we the people are being played by those we have entrusted with our future, we must first understand the real players playing those games.  You see, our system of capitalism includes a host of what I call the Fallen Angels of the universe.  They had to have somewhere to go when they screwed up eons ago.


They come in many sizes, shapes and disguises and are embedded in institutions we rely on for money management, legal advice, federal and state government services, news sources, media outlets, communication managers, advertising agencies, medical help, government regulators, non-profit organizations, banks and brokers, a whole lot of people who think they know what is best for you.


Those groups all represent multi-billion or trillion dollar industries whose greed is dependent upon your pocketbook participation and whose methods long ago made deception palatable to us unsuspecting suckers.  In truth you-we are all the victims of brainwashing, eaves dropping, mental manipulation, psychological molding, egotistical inflation, spiritual distortion and a host of other means that have made us Americans the richest people in human history with the least to show for our wealth since, well, our fore fathers who occupied and then destroyed the Lost Continent of Atlantis.


Today I intend to expose the underbelly of the beast so we can at least identify some of the puppet masters pulling your strings.  My hope is that you will then question these institutions and the role they have played in your lives.


If we wake up it may still be possible to save humanity from yet another round of self-destruction.  If we don't, then the prophecies of the Bible, the Holy Mother Mary, Nostradamus, Cayce, the Hopi Original Americans and others will come true and that may not be so pretty.


Before you decide that I am some Dooms Day prophet or conspiracy advocate let me make a couple of things clear.

First, I am no more of a conspiracy advocate than those who believe;



the Bible of Christianity,
the Hanged Stones or Koran of Islam,
the Talmud, Kabbalah, Midrash or Zohar of the Hebrews,
the Tao-Teh King of China,
the Kojiki of Japan,
the Palermo Stone, The Pyramid Texts, Inscription of Unus, Tales of the Magicians, Precepts of Ptah-Hotep, Coffin Texts, Budge's Book of the Dead (Ani), Prayers of Ikhn-aton, The Book of the Breaths of Life of ancient Egypt,
the Gathas,  Shah-Nameh,  Khayyam's Rubaiyat to the Yussuf and Zuleika of Jami of Persia,



and all the other so called religious and spiritual texts of the metaphysical world including the world of magic, Druids, witches and wizards.


One thing the long history of man has produced in this life cycle is a wealth of colorful, fantastic, forbidding, and terrifying stories to explain our foundation and reason for being and if truth is found in all those sacred texts then truth can be found in the wonders of Greek mythology, the adventures of King Arthur and Merlin, and fairy tales of all lands.


My point is this, only a fool would claim to know the true truth of God but we are all free to speculate and endorse whichever of these truth we so choose, provided we respect the right of others to select their own truths.


Second, we must be open to a higher truth than mankind has so far discovered and this point extends to definitions, laws and all the other techniques mankind has used to force conformity of all people to some arbitrary standard.  I did not say to reject what is but just to be open to what isn't known.


The Secret Domicile of the Fallen Angels


If I were God and watched as a bunch of Angels were seduced by the temptations of the human existence which they could never be part of, the last place I would ever exile them to would be the scene of the crime, Earth.  But God did exile them to Earth according to the Bible so there must have been some higher purpose in the exile than mere punishment.

Perhaps they were not punished at all but the whole Fallen Angel story was intended to mask the fact they were sent here to play roles not associated with the "Goodness of God" or the purpose of angels.


Maybe the Fallen Angels were sent here to make sure we are prepared to get back into Heaven.  More like Drill Sergeants than bad guys.  Think of them as the intelligence agents for God, the celestial oxymoron.

Yet they can also be bad, at least in terms of eternal salvation.  In many cases they are the agents of evil, the soul snatchers or even the soul less so committed to their path there is no element of justice, grace or empathy in their countenance.


You will find them penetrating every single one of the institutions or organizations I outlined above and the most astonishing thing of all is they actually believe they are doing good though they could care less how many people are hurt in the process.

Within the bowels of every institution are these fallen angels who live to destroy the spirit and sabotage the soul of every one they encounter through their callous actions that are intended to break - not heal, to control - not help, and to tear down - not build.


Our major financial institutions are riddled with such fallen angels dedicated to using any means necessary, legal or otherwise, to make certain the profits from the engine of our capitalist system serves a select few at the expense of the vast majority.

They control all stock markets, all high speed computer manipulation of the markets and they create wave after wave of illegal stock and investment packages to bilk the consumer with the promise of quick profits.


These parasites make sure you, the public, will never have access to new stock issues and they know what your pension fund is doing before it has been done, then use computer buying to undercut your dwindling assets while profiting from your losses.  Often they are the same ones managing your money while milking the markets for every cent of profit.

Long ago they discarded ethics as a viable concept and instead rated it a nuisance.  They buy and sell politicians to protect their tax breaks and hoodwink the federal regulatory agencies from the SEC to FDA to the U.S. Attorney's Office into pitiful fines for gross wrongdoing.


So complete is their control that the thousands of banking and home mortgage executives involved in bringing about the greatest economic crash of our nation since the great depression virtually all escaped jail, even when their firms paid fines which amounted to a small fraction of the damage they did.

As if that was not enough they had the Treasury Department, SEC, IRS and many other federal agencies agreeing to allow them to pay fines without admitting guilt, thus allowing them to write off the expenses for the legal fees and fines against the corporation from their tax liabilities, often amounting to hundreds of millions of dollars and even billions on occasion.


And then they had the audacity to pay themselves tens of millions of dollars in bonuses for minimizing the damage to the corporations for the crimes they committed, paid fines for, but didn't admit to doing thanks to government loopholes that still remain in place under Obama.

Sound confusing?  Try this simplification.  If you stole $100 from the collection box at church and got caught after you spent the money here is what would happen to you.  You would agree to pay back about .01 cent for every dollar you stole.  You would not agree you were guilty.  The few cents you paid in fines plus your legal fees would be deducted from your taxes next year.  And you would give yourself a bonus, maybe $20 of the $100 you stole for getting away with the crime.


Anyone who thinks crime doesn't pay, at least white collar crime in the ivory towers of our revered and hallowed business suites and board rooms around the nation, is on the take, or insane.  But you don't have to be.


Stay tuned for more details on The Games People Play at your expense.
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Friday, May 21, 2010

Obama's SEIU Union Violates Privacy Rights Again when Angry Mob Swarms Private Home

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President Obama was proud to talk of his relationship to the renegade SEIU union and it's leader Andy Stern during his campaign for president, with Stern claiming SEIU pumped over $60 million to ge him elected. Obama even named Stern to the National Debt Commission though he had no economic background or experience.

Once he was elected the SEIU had a free pass to the White House and Stern made more visits there the first year of Obama's presidency than anyone else in America. His union was hired by Obama, House Majority Leader Steny Hoyer and many other Democrats to provide security at the health care town halls, a move that got them accused of beating up a handicapped citizen attending a town hall in Ohio.



Perhaps in frustration with the president for the lack of progress on the SEIU radical leftist agenda, the union began picketing banks that benefitted from the bank bailout, and that is acceptable public protest. More recently they have begun picketing private homes of people associated with banks and this past week outside Washington 14 busloads of SEIU people descended upon the private property of a BOA executive, Gregory Baer in Maryland.

Baer just happens to live next door to Nina Easton, the Washington Bureau Chief of Fortune Magazine, who observed the mob scene from her front window across the street. This is what she reported.



“Last Sunday, on a peaceful, sun-crisp afternoon, our toddler finally napping upstairs, my front yard exploded with 500 screaming, placard-waving strangers on a mission to intimidate my neighbor, Greg Baer. Baer is deputy general counsel for corporate law at Bank of America (BAC, Fortune 500), a senior executive based in Washington, D.C. And that — in the minds of the organizers at the politically influential Service Employees International Union and a Chicago outfit called National Political Action — makes his family fair game.”

"Waving signs denouncing bank ‘greed,' hordes of invaders poured out of 14 school buses, up Baer's steps, and onto his front porch. As bullhorns rattled with stories of debtor calls and foreclosed homes, Baer's teenage son Jack-- alone in the house--locked himself in the bathroom. ‘When are they going to leave?' Jack pleaded when I called to check on him."

"Baer, on his way home from a Little League game, parked his car around the corner, called the police, and made a quick calculation to leave his younger son behind while he tried to rescue his increasingly distressed teen. He made his way through a din of barked demands and insults from the activists who proudly ‘outed' him, and slipped through his front door."

" ‘Excuse me,' Baer told his accusers, ‘I need to get into the house. I have a child who is alone in there and frightened.' "

The journalist called the protest "a mob."



Is this the legacy and are these the tactics Obama expected from his primary union backer? Why has the president and all Democrats, who were quick to condemn the Tea party protestors even though they were never involved in illegal activity nor the violation of privacy like the SEIU, not condemned this renegade union for unlawful tactics?

Why did the liberal media, who reports the most trivial of liberal trash about Sarah Palin and others on their hit list, not report the news about their own people ignoring the rights to privacy granted to all Americans? Today in America we have dual standards when it comes to reporting and when it comes to lawful behavior. Apparently the waiver from criminal indictment for unlawful acts from the Obama Administration is a $60 million campaign contribution.



And by the way, even though the SEIU claims they gave Obama over $60 million, they only reported $32 million on federal campaign reports. Why has the Obama gang not investigated the public boasting by Stern and the SEIU about the $60 million which would amount to about $30 million in illegal spending according to the federal laws you and I are required to follow?

Thursday, April 29, 2010

Financial Reform Moves Forward - What Must Be Fixed to Make it Real?

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Now that the Senate Republicans have agreed to debate the financial reform bill we will finally get to see the real intent of Congress to tackle the Wall Street problems. Missing from the Democrat bill the media claims the GOP was blocking, when in fact the GOP wants it just as bad as the Democrats, are a number of critical elements that better be addressed in the floor debate.



First, the major cause of the economic collapse was the housing element in which sub-prime mortgages were forced on the public by the drop in mortgage standards by our monstrous housing agencies Fannie Mae and Freddie Mac. These federally funded agencies who insure most of the mortgages in America reduced down payments from 20% to zero and allowed a technique called the Stated Income loan, or NIV for "No Income Verification". Most fraud on mortgage applications resulted from use of this technique in which applicants would just state how much income they earned without offering proof. This opened the floodgates to fraud.

Now a second feature of the extent of fraud and deception came in the repackaging of the loans into pools, called collateralized debt obligations, CDO, which was how Wall Street intended to cash in on the trillions of dollars in the mortgage market and the astounding increase in home values in the decade before 2006. Of course the demand for CDOs continued long after the housing market became stagnant and it became obvious certain markets were far overpriced.



To keep the housing market moving the Federal Reserve steps in and buys mortgage backed securities from the two housing agencies and banks. By March 31, 2010, the Federal Reserve had purchased $1.2 trillion of mortgage-backed securities from banks and $200 billion of direct obligation debt of Fannie Mae and Freddie Mac, for total purchases of $1.4 trillion. As a result of these actions, the Federal Reserve now owns almost 25% of the stock of mortgage-backed bonds. Assuming that banks turned these excess reserves into loans at a typical 10:1 ratio, the increase in money supply would be $12 trillion. That's more than the current amount of outstanding mortgages in the United States!

Finally, the Treasury Department has estimated the total additional US spending to prop up the two federal agencies will be $188 billion dollars. This is above and beyond the Fed money. Treasury says $85 billion will be lost along with $49 billion in foreclosure activity by Treasury, a total of $237 billion in taxpayer exposure with a total loss expected of at least $134 billion. That means we will have about $1.5 trillion at risk in supporting the housing market.



Nothing in Senate financial reform bill addresses the issues concerning housing including the CDO issue, relaxed down payments, the stated income loans, Treasury aid, foreclosure aid and Federal Reserve aid, all of which is still at risk. That means the predator mortgages, fraudulent mortgages, even foreclosures saved by the government will cost the government at least $134 billion. That sounds like an incredible windfall for all the thieves who ripped off the government. A reason for the omission may be that the changes in federal rules and policy that led to the actions were approved late in the Clinton administration, a move Clinton already acknowledged was a failure of his to stop his people from changing the rules.



The Senate bill also fails to address the conflict of interest of the credit reporting agencies who gave the CDO packages triple A ratings to help sell them even though many were defaulting within months after issue. Since the brokerage houses selling the packages were paying the millions of dollars in lucrative fees made by the credit agencies, there was intense competition to approve them regardless of the real value of the mortgage pool. Some contained as much as 90% stated income mortgages. Nothing is in the Senate bill to stop the conflict of interest nor punish credit agencies for fraudulent ratings.



Also there is nothing in the bill to review the actions by the government that opened the floodgates to bank control over the economy. Once again the absence of this area may well be inspired by the fact it was the Clinton people who made the changes. In the '90s Wall Street took over Clinton's Treasury Department and all of the regulatory agencies (Clinton's Treasury Secretary Robert Rubin came from Goldman Sachs). In 1998 Rubin, his deputy Larry Summers, Allen Greenspan (Fed Chairman) and Arthur Levitt (SEC Chairman) gave Wall Street a major victory -- defeating a modest proposal to regulate the then nascent, exploding derivatives market (e.g., mortgage backed securities). In 1999 Glass-Steagall was repealed. From 1995 to 2009 the six biggest banks (Morgan Stanley, Goldman Sachs, Wells Fargo, Citigroup, JP Morgan Chase and Bank of America) grew from 20 percent to 62 percent of GDP. These Wall Street victories gave us the Great Recession of 2008.



Finally there is the Consumer Protection Agency offered by Obama. For some odd reason he places it under the Federal Reserve which operates autonomous from the government and whose actions also played a role in the financial collapse. That is a big mistake. If anything, we should be auditing the Federal Reserve to find out what they are doing with America's currency, not adding to their powers.
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Friday, January 15, 2010

Omaha Slaps Bank Tax on Public - To Be Paid by 2018 - Rakes in Millions from Banks in 2010

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Come on Mr. President, you demonstrate how hard you will be on the banks by slapping a $90 billion tax over the next 8 years yet squeeze them for hundreds of millions of dollars in campaign funds right now. What kind of math is that? Just how does the public benefit from your campaign coffers and those of all your cronies on capitol hill? And by the way, the real economic crooks were running hedge funds and derivative funds that were sold to those bad banks but you forgot to punish them. Is that fair?



Clearly the Obama gang thinks very little of the common sense of Americans. The same day Obama was raising $90 billion from the banks, assuming congress is stupid enough to pass it, Obama is guaranteeing the labor unions that their extravagant health insurance benefits would not be taxed until 2018 as a bribe to get their support for health care. Seems the union members have Cadillac health care like Congress and the fat cats on Wall Street.

So we go after the banks for a paltry sum compared to the damage they did to the economy, a few trillion dollars lost to the little people in America. And we exempt unions from being taxed for health benefits that we are already paying for through the auto bailout, the transfer of GM stock to the unions, and the stimulus to help car sales. Now aren't these the same health care benefits that broke the auto companies in the first place and plunged them into bankruptcy?



Sometimes I am in awe of the Harvard business school accounting of government expenditures and national debt that seems to emit from the Obama economic team. Their actions would at least seem sincere if they were not shaking down Wall Street and all of corporate America for millions of dollars in campaign contributions from the very special interests Obama was going to run out of Washington.

So far his effort to purge capitol hill of lobbyists has consisted of having them all move to the White House where they will be taken care of if they contribute to the Democratic campaign funds. I really like this election year. The Democrat Speaker of the House, Steny Hoyer, has already raised money from every major bank and pharmaceutical company on Wall Street including Goldman Sachs, JP Morgan Chase, CitiGroup, Bank of America, Morgan Stanley and a blue chip list of other Wall Street titans.

I wonder when the tsunami of Wall Street money flooding into Obama and the Democrats in congress becomes a conflict of interest? If Obama was being so hard on Wall Street why are they having record profits in the first place? If Obama was so hard on pharmaceutical lobbyists why are they pouring money into his campaigns? And if Obama was so hard on the health insurance providers why did their stock value skyrocket when the Obama Health Care bill passed the Senate?



The facts seem to contradict the words of our president in spite of his failure to see his own hypocrisy. Maybe he should consider that the people see through his hypocrisy as well. As his poll numbers fall through the floor and he drags Democratic candidate after Democratic candidate with him someone should tell him he is captain of a runaway train heading for a big wreck, not captain of the ship of state.

Slow down Mr. President, the time for a full court press is when you have a chance to win the game, not after it is hopelessly lost.

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Wednesday, January 13, 2010

Congress Calls Banks to Testify - Why? Maybe Congress Should Testify as Well!

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Today the Financial Crisis Inquiry Commission is hearing testimony about the economic disaster of the past year from four of the nation’s leading bankers: Lloyd C. Blankfein of Goldman Sachs, Jamie Dimon of JP Morgan Chase, John J. Mack of Morgan Stanley and Brian T. Moynihan of Bank of America.



What in the world is the point? Isn't this just another example of Congress sending up a smoke screen to hide the fact there is nothing they can do about the practices and billions of dollars in executive bonuses being paid out by the banks that just a few months ago faced bankruptcy until the American taxpayers bailed them out. How can they when they are taking millions in campaign bribes from these same people for elections this year?

This is the midterm election year. It just started. Yet the House members have already raised over $263 million and Senate members have already raised over $166 million to get re-elected. Now where in the world did that money come from? Well over $85 million came from banks and over $54 million came from lawyers and lobbyists. Is there any doubt why this Congress cannot slap the hand that feeds them?



In last year's election the banks poured $132 million and the lawyers and lobbyists poured over $95 million into the presidential race. Doesn't that explain why Obama has also been silent on exposing the co-dependence between our politicians and the institutions they are supposed to regulate.

Our economy collapsed over the last two years yet Congress has just started hearings on why the economy collapsed? When do they ever plan on getting to the point of telling us which of their contributors caused the collapse, and how they intend to punish them? Never! Our federal elected officials long ago sold their souls for campaign contributions and have been protecting the thieves in our midst ever since.



Hearings like these are an insult to the public, make a mockery of our governmental system, and do nothing to stop the high crimes and theft between Wall Street in NYC and Easy Street in our Nation's Capitol. Not a single soul in Washington seems to be saying anything about stopping the millions of campaign dollars from being collected by our elected officials from the same people ripping off the system and paying the multi-billion dollar bonuses.

Campaign reform, a pledge of Obama, the Democrats and Republicans, has vanished from the national debate. Well without campaign reform nothing can be done to stop the flow of money from the banks to the politicians. If $139 million has already been invested by the banks in our politicians this year, and it is only the middle of January, just imagine the price that will be paid before the year is out to buy our politicians.



Only the people of America can stop this nonsense. We must demand politicians stop taking the bribes. And we must throw out the politicians taking the bribes. There is no way a White House and Congress already dependent on the campaign funds will stop it.



We have been lied to over and over again. Politicians and the media, whose companies are also dependent on these same firms for advertising revenue, will never tell you the truth about how the politicians and media in America are for sale.

The American revolution was fought over an insensitive government, a corrupt government, and the influence of big business and the banks on the American way of life. Nothing seems to have changed in all the years since. Once again it is the people who must take back America and purge our nation of the evil, corruption, deceit and moral decay that rein supreme.



Freedom and democracy are again threatened by political institutions that think they know better than the people. Nothing could be further from the truth. The ballot is our first line of defense to stop the rape of America and now that the president and congress have demonstrated they cannot stand up to the people who own them, we must use the ballot to clean up the mess.

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Friday, May 08, 2009

Coltons Point Times Financial Articles



Because of interest in the financial articles previously posted and the fact they are running on dozens of other web sites including Ron Paul's home page the following is a listing of all the previously released stories from the Coltons Point Times on Wall Street, Capitol Hill, the White House, the Rothschilds, Goldman Sachs, JP Morgan, the trillionaires, oil price conspiracy, credit crisis, bank bailout, sub-prime mortgages and related actions causing our economic meltdown and recovery.
A painting of prayers with the Rothschilds.

Click on the link and enjoy the articles that tens of thousands of people have been reading.