All financial ‘crisis’ engineered in advance

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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Benefits of recession

Recessions don’t have to bring all bad news. Here are some VERY positive developments:

• Bleak future predicted for Michigan schools
• Idaho tax revenue is $41M behind estimates
• North Carolina tax collections down $35M as consumers cut spending
• Florida’s budget gap could be as high as $3.2 billion
• Newsom asks dept. heads to take 10% pay cut
• State revenues again don’t live up to expectations (KS)
• N.H. pols will cut budget due to revenue shortfall (NH)
• State revenue collections continued downward trend (AR)
• NY state cuts revenue estimate by $850 million
• 15,000 S.F. workers face layoffs, shorter weeks
• Postal Service to shed another 30,000 jobs

Bring on the depression!

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This depression’s wealth consolidation far from over

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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The Most Over Hyped Market Rally Ever

The folks at mybudget360.com report:

There is probably no better indicator of market volatility than the current price to earnings ratio of the S&P 500. The market volatility is spectacular and we are seeing more gyrations in this recession than we did during the Great Depression. Since March when the S&P 500 touched the 666 mark, the rally has boosted the index by 54 percent. Was this caused by stunning second quarter earnings? Absolutely not. With nearly 97 percent of all companies now reporting earnings for the second quarter, the S&P 500 PE ratio sits at 129. This is by far the most over hyped rally in the world.

We are in the initial stages of a hard-core correction. Propagandists refer to this as a “recession” and the same idiots that were telling you that everything was okay before this started are now telling you all about “green shoots”. Believe them at your peril.

Details in the article.

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Reason for the depression

The purpose of ANY depression, actually. Robert Wenzel reveals:

You are about to witness a major league, sophisticated takeover of pretty much the entire banking system by the insiders. For most small banks, it will be difficult if not impossible to compete.

This depression was engineered in order to consolidate wealth into the hands of a select few, just like all the others. None of this is happening by accident or due to “not enough regulation”.

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Why the Meltdown Should Have Surprised No One

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Ben Bernanke’s communist America

Gary writes:

By the time this is all over, the Fed will own most of the real estate in the country. They are also expanding their purchases to credit card debt, automobile debt and anything else they can get their hands on. This no longer sounds like a free society to me.

Me neither.

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The depression sqworl’d

Get your daily Great Depression II fix on sqworl

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What lies ahead

George Ure predicts:

I told you back in December what the track of things would be: That the market would drift down through around the middle of February to early March and then we ought to see a rally from Robin Landry’s Dow 6,500 to as low as 4,400 range with 5,800 a good middle-range guess. Then we’lll have us a screaming rally back up to the 9,600 kind of range – maybe even 10,000+ on the Dow by early summer. Then we head for Dow 1,000 (or lower) in 2010.

This prediction mirrors a lot of other views that the market (Dow) will experience a short rally up to around the 10k area sometime this year with the second, and far more serious, drop occuring over several years. Similar to what happened during the “Great Depression”.

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Economy ‘totally out of control’

Jim Sinclair writes:

Simply said, as of Friday February 13th, 2009 the situation is in confirmed “Out of Control” mode as this well engineered downward spiral enters into a terminal phase.

When one of the most successful commodities traders in the world says that, it is worth noting.

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