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Posts Tagged ‘banks’

Sol Palha writes:

One could go even as far as stating the financial crisis was engineered to help create a few super powerful banks. It appears that this is the case for the banks have not lost any power, but instead we have fewer players with triple the amount of power.

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Read the book “The coming battle by Lorraine Walter”. It is over 100 years old, and it explains how every recession, depression is actually engineered in advance. This is not hearsay it actually provides quotes showing how the bankers have done this in the past.

All depressions, or recessions as the PC crowd now calls them, are manufactured. The sole purpose is to consolidate wealth and power.

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Very funny comedy skit about buying a home:

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The FDIC is preparing for a huge wave of small bank “failures” in the Midwest:

The FDIC is opening up a massive new satellite office in the Chicago area that will be dedicated to managing receiverships and liquidating assets from failed Midwest banks… The office space that the FDIC is leasing is well over 100,000 square feet and will employ approximately 500 temporary employees and contractors.

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The FDIC has already opened similar offices in Irvine, California and Jacksonville, Florida. Each time, the number of bank failures in those states increased dramatically after the FDIC opened those facilities.

These “failures” are almost always forced takeovers by the FDIC where the assets are then redistributed to much larger banks for pennies on the dollar. The same thing happened in the depression of the 30′s and is the whole purpose of the current engineered “crisis”.

For the first wave of bank coups, see the archives on this blog. Many more to come it appears.

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Fred Harrison interviews Dr. Michael Hudson.

Source

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This is what happens when government “invests” in (nationalizes) a private industry:

10

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James Quinn writes:

When I see “poor” people appearing to live a more luxurious life than myself, I don’t feel jealous. The thought that goes through my head is: Which banks or finance companies were foolish enough to loan these people the money to live this lifestyle? These foolish financial institutions will never get their loans repaid. What does bother me is that the Bush-Paulson-Pelosi Bailout of Stupid Banks will use my taxes to buy these bad loans from the foolish banks. So, who is the fool in this scenario? The “poor” person got to drive a Cadillac Escalade for a period of time, the foolish banks got bailed out, the bank CEOs took home $30 million, and I lived within my means and footed the bill for the reckless actions of others. It appears that the fools are the Americans who lived their lives according to the rules. The anger is building.

I have a hunch that “poor” people who took out loans they couldn’t afford outnumber those of us that live within our means. In other words, the anger will be limited and have no effect. Another reason mob rule is evil.

Welcome to socialism!

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