Greg Goodwin
Folks I have been debating where to write this or not. Reason being that what I am writing about is so far out of mainstream news, you just might think I am either a conspiracy nut or I have lost my mind. All I can tell you I have been investigating the economic issues facing our country for over 25 years, it is a bit long but worth the read.
I have an idea on saving our nation billions if not trillions of dollars, over time. That idea is not paying interest on our debts to the banks which either received TARP monies or Federal Reserve liquidity monies, connected with the country’s debt loans. Reason being most or probably all of these entities were in part responsible for the world’s economic collapse through the development of very risky investments. This was to skirt the economic regulations which were in place at the time prior to the collapse and the regulations which were in place prior to the lobbying influence changed the economic regulations for their benefit.
The problem I have been having is finding out who they all are who are making money off the national debt. They have done a great job in keeping those entities out of the public view for we the people to see what they are and have been doing. It isn’t just the Federal Reserve either because it includes their primary dealers and other international economic entities too.
Here is the Federal Reserve’s Primary Dealers: http://en.wikipedia.org/wiki/Primary_dealer
What I hope this causes is the collapse of the national and international banks which will be broken up and their assets distributed to only local and state banks. You don’t hear much about it in the news but the state and local banks who did not get involved with these Mortgage Backed Securities and other risky investments did just fine through the collapse because they adhered to the time tested structure of the standard banking practices which were in place after the Great Depression. These national banks did not and in fact put pressure on the government to remove the restrictions in the speculative aspect of the banking.
Yes, we must pay interest to the countries which loaned us the money through the buying of the U.S. Treasury Bonds but the rest of these self serving thieves need to be taken down, prosecuted, and never allowed to create a national banking system ever again.
Looking at the Primary Dealers of the Federal Reserve as a starting point for not only seeing the money they have been making off our debt but the influence they pedaled in the halls of Congress and the Federal Government for their advantages. Prosecutions should be for not only the bankers but for the politicians involved in making the system work for the banks and not the American people. That should include not only current people in government, both elected and not elected, but anyone in the past that skewed the system for theirs and the banking industry’s advantages. This will also include the Wall Street investment influences in these areas.
Without drastic measures as these, our system will not work for the American people ever again, as we were accustomed to in the past. We have seen the proof of it since the economic collapse in 2008 and continuing today with this ridiculous attempt at debt resolution by Washington’s so called leaders of government. It is obvious they do not know what they are doing except political positioning for the 2012 elections. A “C” student on economics 101 has more capacity to understand and correct these debt problems than anyone dare to attempt in this political circus we call the US Government and unfortunately many of the states aren’t much better.
Reflect on this, just since the collapse of the world’s economic system in 2008, everyone has been impacted by this travesty in governmental influence and turning their backs on the problems in the financial and banking system. Who has come out not only unscathed but profited to record levels? The top ten national and international banks, which were in most part, were responsible for the collapse in the first place. Remember, they were too big to fail then and now the top 5 banks are almost twice the size they were then, so now what?
The banking and financial systems along with the Federal Reserve created a system based on nothing but paper. No real asset value because in 2008 the speculation got to 40 times the asset value when the house of cards came falling down. Well, even after that collapse the rules haven’t changed to any great degree for them. To give you an example of where they are today, the derivatives market world wide is over 500 trillion dollars and there is no asset value world wide to provide return on that much speculation. So this house of cards have not fallen yet but it has too because if they begin exercising those derivatives, there is not enough money world wide to support those kinds of speculative investments.
Currently it is a balancing act perpetrated by the most economically influential entities in the world but when the time is right, I believe they will begin their destruction of this investment nightmare and collapse this bubble when it is profitable for them. Destroying huge amounts of world wealth while gaining economic power for themselves, just as they did in 2009 after the collapse in 2008. The end result, I believe, is too restructure the world’s economic system electronically which they then control the ups and downs of the world’s market system. It is so close to that now, you wouldn’t believe it. If you doubt me look up Dark Pools or Dark Liquidity. Currently there is no true free market, it largest of the banks and investment groups directing the market systems of the entire Western World.
Okay, I hear it now, here is a conspiracy Goodwin is floating or he is just plain nuts. Nothing could be further from the truth, look at how the economic system has failed since 2008 and there are only a few entities that are doing very well, the international banks and financial corporations (For sure not the middle class of the USA and other previously dynamic economies in the Western World). Now the third world countries are prospering at our expense because we gave them our industrial base and technologies on a silver platter for short term bottom line corporate gains, assisted by the government to give these corporations tax incentives to do it. Both parties bought into these ideas and now we are looking at the USA becoming equal in many ways as the third world countries.
I was writing this before the stock market closed over 500 points down last week along with the gold and silver and oil fell too. It is the derivative markets and hedge funds making the money now on the losses of the citizens of the Western World and that includes us folks. I wondered why George Soros got out of the hedge fund managing business last week, now I see a possibility why. Is he going to gain personally from this down turn in the world economy we see going on today? Just like he did in 1993 when he brought down the Pound Sterling inEngland. He along with others are making a ton of money off of this down turn and will continue until we bring these people to justice. Maybe I am wrong about Soros but it sure is a coincidence that the week before last he got out of the hedge fund manger business and all financial indexes start going down last week.
Treasury met with the primary dealers of the Federal Reserve on July 29th: A coincidence with all the markets going down?
Finally here is an easy explanation, written in 1998, 10 years before the collapse, of the operation of the Federal Reserve and its history. The author saw the hand writing on the wall:
All I can say at this point is believe my synopsis or not but things are happening just like I wrote about in 2005 with my essay “The US Becoming a Third World Country is Imminent”. Please respond to me if you wish but don’t respond to me saying it is the Democrats or Republicans fault because it is both of them and the system which is in place directing the economic situations in the USA and most of the Western World.
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