Tuesday, June 9, 2009

CONNECTING DOTS

So let's see if we can put a few things together.

In 1999 the deregulation of the banking rules was passed by Congress and signed by President Clinton. that removing barriers between banks, insurance companies, and investment firms which have existed since the Great Depression.

Chris Dodd, Senate Banking Committee, and Barney Frank, House Financial Services Committee, blocked any attempt to regulate Fannie May and Freddie Mack. Both men pushed for higher and higher high risk loan mandates.

The Mark to Market accounting rule was changed in 2007. Causing the Banking systems books to show immense losses in 2008 on among other things, foreclosed houses. The FASB oversee these rules, and it looks like the SEC suggests rule changes. The SEC seems to also have no idea what has been going on this past year, judging by their Congressional Testimony.

Now if I put my Tin Foil Hat on, it looks to me like this entire catastrophe was done intentionally. Piece by piece, everything was put into place, and kept out of oversight. And it makes no sense that all these government accountants, congressmen, and oversight officials could have missed what was going on, or seen what their actions would do.

Next, you bring in our President Elect, who seems to have pressured the former President to stall any auto bankruptcy, and give them life support money to last until his administration.

TARP money is appropriated for the Banking Toxic Assets, yet as of yet have not been used for a single one. However it was used to prop up and buy into AIG, all the major banks, which now all have the government to answer to. The government keeps changing the rules for payback, making it impossible for any of them to get out of government control.

Chrysler and GM are put into a special 363 bankruptcy, which the rules are different than a regular bankruptcy. Under the 363, the government has rewritten the rules, causing the secured asset investors to lose their shirts, while the UAW comes out owning large parts of the companies. And the Bankruptcy Judge was told by the administration to speed it through.

If you ask me, it looks like there has been a plan in place for the government to take over the financial system and the auto companies, and the insurances companies.

Now, remember the SPP and the blueprint for the North American Union. The folks of the US don't want this, but the government seems to. I have long said they only way it would happen, is if our country experienced a complete and total financial meltdown, and the dollar collapsed.

Everyday on TV, we are being told that everything is looking up. In reality, it is getting worse. Unemployment and forecloses are snowballing. The stock market seems to be artificially manipulated to instill confidence. The dollar is losing value, and the World is looking to dump it as the standard currency. The Federal Reserve is printing money like there is no tomorrow, which devalues it even more. We are operating at deficit levels never seen before in the history of the world. The spending already approved this year is unsustainable, not to mention the spending planned.

If you take all of this together, it looks like someone is purposely destroying our economy. And I think by the end of the year it will be successful. And I think next year we will be living under the newly formed North American Union, with the Amero as our currency. Because at that point, we will be told they have tried everything else, and this will be our last hope for survival.

But will we go along with it.

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