The time spent on the discovery of criminal fraud, corruption and collusion is long past. It should be obvious to everyone in America by now who the criminals are, what they did, what they are continuing to do, and that there is no political will to prosecute them.

That said, heaping countless accusations and mounds of disgusting evidence to further prove what is already proven is a waste of time. The people will flay Bernanke and Geithner and Summers, et al,  in due time - but the statement made on CNN last night that CHINA DEMANDED that the AMERICAN TAXPAYER bail out FANNIE and FREDDIE because of their large investment in those institutions is pure HORSESHIT!

China simply demands the fraudulent return on it’s fraudulent investment that it was promised under a fraudulent system, and that fraudulent promise was intentionally broken by the current generation of Shylocks who historically run this scam every 50 years or so. Asian banks were in on it, just like SocGen UBS, RBS and the whole global financial CON industry. How many times do these criminals need to perpetrate these crimes over and over and over before we wise up and abandon their stupid ”asset bubble skimming” game?

And yet, the media cannot collectively get this simple notion together. If they could report the simple reality here, people could understand it. It’s simple. Goldman Sachs, JPMorgan and Morgan Stanley are high tech CRIMINAL THIEVES as are their counterparts all around the world, and taxpayers all over the world are their victims. Globalism, securitization and derivatives are merely the complex veneer behind which they hide what would otherwise be obvious.

NOT A SINGLE HOMEOWNER holding FANNIE or FREDDIE paper ever signed on to have their notes bundled up into securitized betting chips for Wall Street to sell to China or any other country. AND NOT A SINGLE TAXPAYER signed on to insure this fraudulently rated, fraudulently underwritten, purposely overvalued and secretly hedged paper. FANNIE, FREDDIE AND WALL STREET DID, with Uncle Sam’s blessing, in order to enrich the GLOBAL TOO BIG TO FAILS (including themselves on the front end) hedged against the predicted collapse–including Asian banks who were in on the scheme.

With policy makers progressing from scratching their heads to literally pulling their hair out over China’s fraudulent “ownership” of America, as well as Obama’s recent budgetary pole vault over his international credit card limit, there is no alternative other than to TAKE ACTION, and end the debate over America becoming a ward of Asia. Economies must end the current global system of monetarism, flush out the con game and go to a sovereign credit-based system, as soon as, and at whatever level, they can–from household, to city, to county, to state, to nation.

We had better decide to do this before we escalate into war with China–while we still have the might to avoid it.  For as history bears out, most all wars are fought over economic inequities of some form or another (despite any and all appearances of some other just cause). By the time it finally dawns on America that central banks, and their owners, in large part fraudulently indebted America to foreign speculators all the way to the brink of sovereign default, it will be the disagreement over the validity of that indebtedeness that will bring us to that standoff. You might as well question that validity now, because that is where this is headed.

And history also bears out that whenever the age old “bubble” scam (from tulips to default swaps) has been perpetrated in the past, sovereign issue (credit or currency) has been the only real solution–no less than a dozen times. The Trojan horse of Globalism is just the latest attempt to prevent this from working again. You cannot honor a globalist scam AND preserve the sovereign issue of a nation-state. You must abandon globalism to restore true sovereignty, as Washington did, as Jackson did, as Lincoln did, as Germany did, as Australia did, as Canada did, as North Dakota does, as Guernsey does, as Kennedy would have, as Greece should have, as Iceland would have and as WE MUST.

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