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CASPER UPDATE: MARCH 23, 2009
A very brief extension was given by CHINA to the U.S. to deliver then use the tax receipts to pay CHINA. That's why the conflicting overnight statement from CHINA that they would continue to buy U.S. Treasuries. CHINA must expect "the deal" to hold otherwise why issue any statement at all? Will delivery occur? We should know by Tuesday or Wednesday.
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Lets see if we understand this GEITHNER PLAN. The PONZI SEWER they constructed paid all involved huge sums from millions at the level of real estate and mortgage brokers to billions at aggregator levels such as Countrywide etc., to hundreds of billions at the bundling levels, Banks/Freddie/Fannie etc, to Trillions at the securitization level, Wall Street, The City, etc. with additional billions to support groups such as appraisers, rating agencies, etc.. Most of these fees, commissions, bonuses, etc was paid out to the individuals moving the ponzi sewage through the pipeline to the next level up. Then, one day the music stops, the pipeline stops flowing because the world snaps to the fact the assets underlying all the financial exotica in the pipeline was worthless in the first place. Suddenly the ponzi sewage is stuck in the pipeline, stops flowing, begins to stink and harden and everything backs up spilling out all over participants who by now are living in their new mansions and looking for tax havens. Nevermind that the financial institutions they work for were themselves badly hurt, everybody got rich especially the financial institutions so who cares about the little bit of public bitching they have to put up with.
There remains however the problem of the stinking sewage in the ponzi pipeline, something must be done otherwise the world economy becomes a giant stopped up financial toilet. What to do? GEITHNER to the rescue. The FED will print trillions "out of thin air" to finance getting the sewage out of the banks. They will provide the money to their "private friends", Blackstone, Pimco, Buffett, Goldman Sachs, etc etc and provide them 85/95% of the money needed to buy the sewage from the banks at 1 or 2 % interest and make the loans non-recourse, give the "privates" most of the upside and taxpayers 100% of the downside with the banks getting as much as they can reasonably get away with and the only actual exposure being the 1/8th of the purchase price put up by the privates which they will pull out first on the back side of the deals. End result? The corrupt banks get paid again using mostly taxpayer money and liability, this also applies to Wall Street as all of them have now become "Commercial Banks" in order to get at public funds, and should the "assets" never recover because they were never "assets" in the first place the taxpayers are saddled with the losses now and for generations to come. Flim Flam, round and round we go with the "players" getting the upside and we the people the downside. Do you think any of this will make the only "asset" (the original mortgage) in the ponzi pipeline once again valuable? Does the homeowner suddenly have a job so he can pay the mortgage? Does the upside down homeowner become right side up because the paper changed hands again? Is the financial exotica, MBS's, CDO's, etc etc now made valuable because of public/private ownership rather than bank ownership? NO. Its all about fixing THEIR banks and THEIR banking system, the rest is Flim Flam. Are you impressed that the "privates" are on the tube talking about how great it is? It is great for them, in fact they are in a can't lose situation. The government funds the deal (you and me), the money is non-recourse, the paper can just "lay there" as long as necessary as the cost of funds is 1% and meanwhile the banks are off to the nearest resort with the champagne and caviar. And all of it is done with funny money from thin air which becomes a loan which generations of taxpayers must repay. And, with no compensation oversight allowed in the deal the same individuals as before once again are free to take all they desire from the deal in salaries, bonuses, management fees, etc.. The money interest is like the casino in Vegas, they will win and the people will never understand the outcome was guaranteed before they ever came to town. The goal here is to unload the sewage from the banks and to heap it on the taxpayers, the rest is Flim Flam.
It would not be at all surprising to learn that the ILLUMINATI affiliated "privates" in the "public/private" partnerships have secret guarantees from the ILLUMINATI Banks and Treasury Dept. that they will be made whole when losses occur, anything to get it out of the banks and onto taxpayers. All money being spent in all programs, all of it, becomes our debt and we the people become debt slaves. As this occurs it amounts to the SOCIALIZATION OF AMERICA at break neck speed. Even the protection of Pelosi's mice in San Francisco is now our debt collectively. I often wonder if the American people actually understand what is happening to them every day on national television? Trillions are being spent much of it on garbage and paying it back falls to us collectively. Debt slavery is the result, not words on a page but actual enslavement of us and our children for generations. There is no way to recover from what is being done, the numbers are to great. They are putting CHAVEZ to shame. Do you really believe such things as "95% of the people will receive a tax cut"? It's just OBAMA FLIM FLAM. The cap and trade taxes alone are estimated at 144 Billion. Do you drive a car, use electricity in your home? Your going to pay. The CBO (non-partisan) issued a report last week saying what OBAMA is doing will cause trillion dollar annual deficits for the next ten years. His budget is $3.5 TRILLION DOLLARS IN ONE YEAR not counting all the stimulus packages and bailouts and half a dozen others into the hundreds of Billions-EACH. This flood of money into the system makes the Biblical Flood look like a water sprinkler. This is no accident, it is not possible for them to be this stupid therefore it is intentional. If the sewage continues to fall in value its now our problem, we own it. The privates don't have a problem, the paper is non recourse.
The banks problem is now our problem. It is in your face criminality. It is preservation of the insider money interest on the backs of taxpayers. Do you have any idea how much 3.5 Trillion (in one year) is?? This is not just money from helicopters but every aircraft in the world would be needed to drop this much cash. First by Deflation then by Inflation said Jefferson. How difficult will managing you be for these Socialist when you have no job, your money is worthless and you collectively owe more than all the assets within the United States? Is it any wonder some economist are predicting the dollar will be worthless by the end of the year? No wonder they stopped publication of M-3 a year or so ago, they knew what they were going to do. More government, bigger government, nothing but government. Not even contract law is sacrosanct any longer. It appears they are leaping over Socialism and going straight for Communism. The money interest are continuing to play money games with each other passing paper back and forth with each and all extracting fees, bonuses, etc at every step while placing liabilities created by their previous and present corruption onto the people. The ten square mile Federal Fort known as Washington D.C. has eliminated the Constitution and the Republic with War and Emergency powers and Executive Orders and now possess dictatorial control of America politically. Now the money interest proceeds to complete the rape of the nation financially leaving the people desperate and lost and confused as the political/money interest partnership finishes off Free Market Capitalism and Freedom itself while simultaneously continuing their attempts to steal every dollar possible from every known source of funds. And OBAMA laughs about it (Jay Leno).
Do the people get the government they deserve? The people elected BUSH SENIOR to get rid of CARTER and stagflation, CLINTON was elected because BUSH SR. was a liar (read my lips, no new taxes), JUNIOR was elected because Clinton was so corrupt the people could stand no more lies, now OBAMA is elected to get anyone except BUSH and now we find that they are all the same thing, ILLUMINATI dictators who believe the Constitution is "nothing but a G.D. piece of paper". Do you actually think it makes any difference whether Goldman Sachs Paulson or the Federal Reserves Geithner is running the money game today? The people will be the victims until they decide enough is enough and if they don't they will have the Government they deserve.
Now comes Tiny Tim to the mike attempting to explain why they must expose taxpayers to just a few trillion more to unclog the ponzi sewer. "as we do this we understand the people are upset but it is necessary". WHY? Why not let the financial exotica collapse taking whoever with it? The real reason. in my view, is because it has been sold all over the world and when it collapses they are facing thousands, perhaps tens of thousands of lawsuits filed worldwide for OUTRIGHT FRAUD. Why do you suppose none have been filed? Because they are propping it up with public financing to stop the crash from happening. The money/political interest have decided they can deal with you and me easier than they can deal with investors worldwide who were shafted by their ponzi scheme. So the loss's which rightly belong to the purveyors firstly and the victims secondly are instead being shuffled and Flim Flamed onto the American people and their children's children, after all OUR SHEEP don't understand and won't do anything about it anyway as long as we throw them some beads and trinkets and bull s___t they don't have to pay for and OUR MEDIA spins it as instructed.
Does this sound cynical? Citizens, you can not even measure how cynical or how hypocritical these ILLUMINATI pawns actually are. They are vomiting deceit, treachery and TREASON with every breath. You (we) were declared "Enemies of the State", in writing, when the Trading With The Enemies act was brought forward by Roosevelt in '33. Now we the people will be forced to eat all bad debt, all scams, all bonuses/fees/commissions and losses of every kind and nature while the criminals themselves are made whole right before your eyes on national television.
"Never waste an opportunity" says Pelosi and Hillary". Their "opportunity" is Socialism, even Communism while the people are so stunned they can't see what's happening to them. Attention Pelosi, Geithner, Reid, Clinton, Obama; This is not Venezuela. Just because 30% of the American people (all Democrats) can't tie their shoelaces does not mean the rest of us are asleep. Between April 1st and 15th several dozen 18 Wheelers containing envelopes with tea bags in them will arrive in D.C. to inform you WE HAVE HAD ENOUGH of your "opportunity". Behind every tea bag is an American Citizen who sees what is happening and is notifying you "enough is enough". Destroying our lives with your Communist agenda and your financial Flim Flam was bad enough, now you want the lives of our children and grand children? You have crossed the line "Dear Leaders".
casper 3-23-09