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Author Topic: U.S. Financial System Systemic Failure Approaches  (Read 730 times)

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Offline gladius_veritatis

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U.S. Financial System Systemic Failure Approaches
« on: October 06, 2009, 12:14:00 PM »
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  • http://www.marketoracle.co.uk/Article13900.html

    "...It is my contention that the US financial structures broke without any remote potential for repair and revival in the summer of 2007. The symptoms became obvious in the summer of 2008 to the slower observers with visible shock waves bathed in crisis. The reactions from shock waves have come since the autumn months of 2008. The system has broken, but the syndicate in control wishes to keep the music going, keep the machinery turning, keep the money flowing, so that they can continue the massive rackets, bury the frauds & counterfeit, cover their tracks, process the bad paper into USGovt coffers, continue to corner the printing press operations, continue to con the USCongress into granting more funds for Goldman Sachs to dictate dispensation secretly, and to continue the endless war whose rivers of blood are matched only by rivers of redirected private contractor fraudulent payments.

    Nobody seeks justice and prosecution for over $1 trillion in mortgage bond fraud. Nobody seeks to remove Goldman Sachs and JPMorgan from control posts at the USDept Treasury and USFed respectively. Nobody seeks even to locate the missing $50 billion from the Iraq Reconstruction Fund, or to announce the known location of the stolen $100 billion from the Madoff Ponzi Scheme (it aint $50B and they know its exact hiding place). Foreigners have been very busy since the autumn 2008, as they dismantle the levers, knock down the pillars, block the escape routes, yank the collateral from the paper marketplaces, and otherwise thwart the US-UK schemes.

    To claim that the system can be put on proper stable footing is lunatic. To expect that the nation can be recalibrated so as to return to the Good Ole Days of US global dominance and leadership is lunatic. To urge that the economic signposts, megaphones, and billboards be once again guided by policies best described as Bubbly Economic Mythology is lunatic. Yet delusional Americans actually believe the dominant ship at sea can lead as flagship, when it has taken on more water than the Titanic. Since the autumn months of 2008, marred by the Lehman Brothers failure, marred by the Fannie Mae adoption, marred by the AIG adoption, punctuated by a shameful 0% interest rate policy (ZIRP) and a green light for limitless money creation (QE), the United States has lost any semblance of leadership. Instead, its leadership has earned scorn, criticism, and disrespect. The last people on the globe to comprehend the American condition of failure, corruption, and military aggression seem to be the Americans themselves, who live within the USDome of Perception. They suffer from perhaps the worst education levels in the industrialized world, coupled with a co-opted national news media network, clouded by the grandest drugstore medication in history. Debate stirs on whether the US actually controls its own news media. The US does not cover the global Paradigm Shift underway that will change its landscape radically..."
    "Fear God, and keep His commandments: for this is all man."


    Offline Matthew

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    U.S. Financial System Systemic Failure Approaches
    « Reply #1 on: October 06, 2009, 12:36:54 PM »
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  • Very good quote. Thanks for this post, Gladius.
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    Offline gladius_veritatis

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    U.S. Financial System Systemic Failure Approaches
    « Reply #2 on: October 06, 2009, 01:01:18 PM »
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  • No worries.  I lifted it from a link I followed at:

    http://www.europebusines.blogspot.com/

    The site linked is one I used to visit regularly, too.  Whether you visit 20 good sites or one, they all say the same thing:

    It ain't lookin' good, folks.

    The Almighty has it all under control, however.
    "Fear God, and keep His commandments: for this is all man."