I had posted a video here, but upon further investigation needed to remove it. The video makes a good point, but unfortunately stretches the truth, thus failing the test of responsible journalism.

The point of the video was that our founding fathers bore a legacy of hatred toward the Rothschild-controlled banking dynasty and continually fought against their attempts to control and issue the American money supply. It also implies that the Federal Reserve, established during Wilson’s presidency in 1913, was the final capitulation to allow an international banking interest to control the money supply & interest rate in America … as it still does today. That is conveniently referred to as “globalization”.

To that general thought, I would add that the senate blocking an audit of the FED  is the most audacious news to hit mainstreet this year. The stifling of Bloomberg’s freedom of Information act lawsuit, along with this continued secrecy to deceive the American public as to where 10 trillion dollars extorted from taxpayers actually went, should be a pretty alarming signal to all American’s not in a coma.

Just as the AIG bailout funded billions in lost derivative bets to French and German banks (as well as Goldman Sachs, of course) any such audit of the FED would just reveal 100′s of times more of the same type of swindles. But the FED, Treasury, and Obama tried to keep this secret. It was Congress that got Liddy to reveal the payouts. Basically what they don’t want you to know is that banks all over the world conned States, counties, municipalities, funds, pensions, insurers, companies, individual and institutional investors and each other into fraudulent bets regarding the value of fraudulent securities. You are the last line of solvency in the chain of defaults — bailing out, or guaranteeing, the losses.

HOW THIS IS DONE

This international cartel of global banks regularly designs asset bubbles by placing its people in government to deregulate checks and balances, and then allowing its central banks to lower interest rates. The banks then lower loan underwriting standards. During the Tech bubble they lowered loan standards to any Tech company with a website to produce an IPO. For the real estate bubble, they lowered standards to produce subprime mortgages for securitization.

Those mortgages, if reaching maturity would be extremely profitable, but as we all know the chances of a subprime ARM option reaching full maturity is extremely low. It will either be paid early on a REFI, or default. Ahh, but the ratings agencies gave securitized bundles of these junk loans (or collateralized debt obligations) triple AAA ratings- therefore only the high profit value remains, high risk is hidden.

These investment banks create complex securitized financial products — derivatives – debt instruments derived through this easy credit and fraud — to increase debt into the vast subprime trough, never tapped into before due to the obvious risk of default. And this process applied to the securitization of all debt, not just residential real estate.

Knowing that these instruments will fail, they sucker dumb asses like Joe Cassano at AIG into re-investing billions into their credit default swap trap so as to later lay claim to the repayment of those defaults, values that they would otherwise never reclaim and simply have to write off, as normal businesses do when they extend credit to people who cannot repay the loan.

It’s, as they say, the oldest game in the book, just with a new derivative twist. Big banks inflate the value of securities, then con state and municiple funds, pension plans and private funds to invest in them. Then they con insurers, smaller banks, cities states and others to bet that their value will never collapse–then they collapse and the swindlers collect on the con, since they can never collect on the inflated values.

You, the working taxpayer, are both bailing out one layer of bank losses and also funding the easy money debt given to anyone who can fog a mirror by guaranteeing their default. That’s what the cover up is about. The smartest and richest conned the world into guaranteeing the debt of fraudulent securities, by making it too complex for the average taxpayer to figure out that they are bailing out this scheme.

And by the way–if you don’t get back to racking up more debt like you were in the bubble pumping days, they’re going to take more of your money, and give it back to you in the form of another STIMULUS for that next down payment, so you can start paying that interest again to the blood sucking debt creators.

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