latest Bob Chapman article, must read!

[Zarathustra]

www.theinternationalforecaster.com

Wall Street Pirates Wont Get Unconditional Bailout
Posted: September 27 2008



Planned profits for the elites, successive administrations set the stage for current market debacles, bailout plan set months in advance, threat of a depression from the bailout, Economy set to wither, Wall Street will not go unscathed, a stampede to safety is coming
Slick Willie Clinton did more to tear down our military than any other President in recent history, and now we all know why, in spades. When you are the President tasked by the Illuminati with setting them up to make mega-profits through their military-industrial complex and illicit drug trade, via planned wars in Afghanistan, Iraq and Iran, and the initiation of a phony, so-called "War on Terror," the first thing you do is downsize the US military mightily so that all the fighting and support can be privatized, thus paving the way for mercenaries and contractors to do the same work as our soldiers at ten times the cost. You suck the taxpayers dry by using their dime to set up a gargantuan opium trade in the world's premier poppy zone known as Afghanistan, complete with a new independent Kosovo as an illicit drug distribution center, run by Islamic militant thugs, while simultaneously setting up the big oil companies to divvy up some of the world's largest, high-quality, low-cost oil in Iraq (and probably also in Iran, which the ongoing debacles in Afghanistan and Iraq have prevented them from doing thus far). Then you throw in no-bid contracts with outrageous profits and allow theft on a grand scale by fully paying for non-performance of those contracts, and by skimming off hundreds of billions via outright theft, graft and embezzlement, all to be accomplished by your next Puppet President and his Puppet Administration, in this case, the corrupt Caligula and his Nero-like cohorts who were charged with burning Rome to the ground.


Not to be outdone by their brothers in the military and industrial complex, the big bankers and financiers of the Illuminati have, during that same period, profited from the dot.com bubble and real estate bubble, not to mention the quadrillion dollar derivatives casino, that were set up through the repeal of Glass-Steagall by the Gramm Leach Blilely Act in 1999, followed by the deregulation of what was to become the gargantuan OTC derivatives market by the Commodity Futures Modernization Act in 2000. Both of these legislative gifts to the Illuminati were given by, you guessed it, Slick Willie Clinton, while he was a lame-duck President. Why do you think the Clintons have become mega-millionaires since the Slickster left office. All the profits from books, speaking engagements and well-paid employment by corporate conglomerates of the Illuminati are the payback/reward money for the fine job he did setting up the mega-rip-off of taxpayers via the military-industrial complex and big banking. The Illuminati are masters at creating profits from OPM (other people's money, especially taxpayer money.)


Now those same big bankers and financiers, after victimizing the world's financial markets with fraudulent real estate derivatives that will create multiple trillions worth of losses after dumping hundreds of billions in profits from fees, commission and spreads into their filthy pockets, want to pass the losses suffered through their implementation of that scheme, which has back-fired on them, with what we described in our last issue as the most abusive and piggish fascist scheme we have ever heard proposed. The Paulson Plan, so-called, is nothing less than the initiation of a scheme to complete the creation of a corporatist, fascist, police state, as a lead-up to world government.


This is why the Illuminati have financed and supported corporatist-fascist, communist, Marxist and other dictatorial governments throughout the world, and is why people like the evil maniacs who have been running Zimbabwe, Cuba, North Korea, North Vietnam, Afghanistan, Pakistan and Venezuela, not to mention the corrupt sheiks of the OPEC nations like Saudi Arabia, Iraq, Iran, and Libya, and their corrupt, dictatorial governments, have been able to remain in power. Russia would have been included in that list while the likes of Lenin, Stalin, Khrushchev, etc. and the Russian oligarchs were in power, and China has also received a lot of support from the US, including the betrayal of nationalist Chiang Kai-Shek in favor of communist/Marxist Mao Tse-Tung by Illuminist Harry Truman, and the implementation of free trade, globalization, off-shoring, outsourcing and both legal and illegal immigration which scum-bags, GHWB and the Slickster, stuffed down our throats. That way, the key nations of the world will all be on roughly the same socio-political page when the attempt to implement world government and an Orwellian world police state is finally made by the Illuminati through their propaganda front at the United Nations. All these nations, which are rabidly hostile toward the US, are used by the Illuminati to stir up the trouble pot. "Double, double, toil and trouble, fire burn, and caldron bubble," here come conflicts to fuel the military-industrial complex and acts of terror to scare once freedom-loving people into giving up their Constitutional rights.


You might have been wondering why all these big banks like JP Morgan Chase and Bank of America are buying up and absorbing toxic waste dumps like Bear Stearns, Merrill Lynch, Countrywide and Washington Mutual, seemingly without fear that their toxic waste might poison them and put them under. Wonder no longer, because all the Illuminist scum running these big banks were told in advance that the Paulson Plan would be slam-dunked down the throats of our Congress by the peerless Caligula Administration. All that toxic waste, they were told months in advance, would not affect them, because the Illuminist operatives in our government were going to pawn it off on the dopey sheople, who would be sold down the river by their traitorous, so-called representatives in our government.


The Paulson Plan will start with $700 billion, and end up being $7 trillion (plus) as they extend the bailout to include not only real estate derivatives but credit default swaps and interest rate swaps as well. The average family of four gets a stimulus check for $1,200 from their government, and then they pay out 8 times that much back to their government, almost $10,000, just for the opening volley on the Paulson Plan as initially proposed, not to mention the Fannie and Freddie bailout, which will also cost roughly the same, just for openers. Twelve hundred for you, ten thousand for them. That is the Illuminist way, and it will create a hyperinflationary recession and a Very Large Depression that will make the 1930's look like a cake-walk, while simultaneously removing any remaining pretense of free and open markets. The Illuminist reprobates and sociopaths want to make you reap what they have sown. Rules and concepts of fairness are now whatever the Illuminati say they are as the quest for moral hazard replaces the quest for liberty and freedom.


But not so fast. Could it be that a group of conservative GOP politicians from our House of Representatives have discovered their backbones and don't particularly want the fascist Paulson Plan, or are they just trying to put on a show for the sheople? Are they really concerned about the future of America, or are they merely attempting to make it look like there has been due deliberation, and consideration of some alternate plans to the Paulson Plan, to prevent voters from getting the impression that they have been fraudulently railroaded by their corrupt representatives under threats to their jobs, homes and pension plans? If these GOP patriots stick to their guns, they will become folk heroes. Otherwise, they will be recognized as pusillanimous, puss-sucking, political opportunists, and will get vaporized by voters in November.


Note also how the stock markets are being moved up and down and all around, with the volatility being a message to Congress that things will go well for their reelections as long as they do as they are told. The plan of the aforementioned conservative republicans may be to get voter credit for rejecting the corrupt Paulson Plan, which can be passed anyway without them by the remaining Republicans, along with the Democrats, who have suddenly become Bu****es to save their political skins. If you wanted proof that there is not a dime's bit of difference between Jackasses and Dumbos, here it is, "in yo' face!" Obviously, the Jackasses and Dumbos in favor of the Paulson Plan don't want to get all the credit for what they all know will be an unmitigated disaster, so it should be interesting to see what they end up doing.


The conservative GOP plan puts the burden from losses generated by real estate derivative fraud on the pirates of Wall Street instead of on taxpayers, and rightly so. They have called on the government to insure the toxic waste, with premiums for insurance to be paid by the Wall Street fraudsters, not by the sheople. The idea is to make what are now unmarketable securities marketable again by insuring them with the full faith and credit of the US, which now has about as much weight as the full faith and credit of a Banana Republic. But of course the hope is that the full faith and credit of the US will not yet be perceived that way.


What should happen here is that the toxic waste should be categorized according to rates of return, risk based on default and foreclosure experience, and the degree of impairment of collateral through reduced real estate values for homes covered in any particular derivative. The fraudsters should start by selling the best stuff first, which should be easier to value, to break the logjam in the derivative markets. They can net fund the government insurance premiums from the sales proceeds. They can then put the sales proceeds from the good stuff into payment of government insurance premiums for the not-so-good stuff as they continue their ominous cascade of de-leveraging. Values on faltering real estate derivatives should rise up as the once toxic waste gets the full backing of the US government, thus minimizing losses due to the lack of marketability and liquidity. The real crap should be saved for last and be written off without insurance for the tax benefits which will help them keep future profits from what will hopefully be more legitimate operations. Even with this help, we note that some financial institutions have so much toxic waste that they will still go under, especially when the quadrillion dollar Derivative Death-Star detonates, which is inevitable. If there is a failure, the insolvent institution can then choose to shore up what will be their horrifying net worth situation by getting a private equity injection, and if that doesn't work, and the amount of losses are not at impossible levels, they can choose between bankruptcy and a government bailout where the government gets super-priority bonds, ahead of all other interests, in return for the bailout money, but the amount would not be unlimited and the pool of bailout money available would have to be kept at reasonable levels to protect the dollar. Those with impossibly high losses would have to go bankrupt. Also, aid to foreign banks stung by the Illuminist flimflam fraud should be given consideration to restore confidence in our government and our system. That would be a fair way to handle this situation. Nevertheless, even this plan would still be inflationary as our profligate money and credit system became unclogged and as some bailout money was created out of thin air to save the borderline institutions. But such a plan would be far less inflationary than the Paulson Plan, which would require money to be created out of thin air in quantities that would break the dollar's back and start the mass exodus from treasuries that will bury and destroy the United States of America. In addition, we believe such a plan would only buy time and at best save a few borderline financial institutions that might otherwise have failed. The intertwining of counterparty risk on a quadrillion dollar derivative problem is going to take the whole system down in the end. Then we will have to start from scratch, which is fine by us.


The House conservatives' plan also offers temporary tax relief to free up capital for companies to lend to one another, temporarily suspends the payment of dividends by financial institutions, requires participating firms to disclose to the Treasury Department the value of mortgage assets on their books, private bids received for those assets in the past year and their last audit reports, forbids the now nationalized former GSE entities Fannie and Freddie from issuing securities on unsound mortgages, and requires the SEC to investigate the performance of credit-rating agencies. Bravo, if they succeed.


Let's now take a look at the new financial landscape in the aftermath of the initial carnage of the derivative debacle and credit-crunch. We are left with the Fed as overseer of the Big Four. Who are The Big Four? First, there is JP Morgan Chase, which bagged and tagged Bear Stearns with help from the Fed and Treasury and which just rescued Washington Mutual, preventing the FDIC from being wiped out in by far the biggest bank failure in US history. Next is Bank of America, which went bonzai for toxic waste dumps Merrill Lynch and Countrywide in buyouts that are certain to come back to haunt them. Rounding out the pack are Goldman Sachs and Morgan Stanley, who just became bank holding companies, abandoning their investment bank status for the stability of a commercial bank, but with far less leverage. You can rest assured that Goldie and Morgan will now dump their toxic waste on the Fed through the Term Securities Lending Facilities and will borrow from the Fed like fiends under the other plans of taxpayer largesse provided courtesy of the Fed.


These four are now the too-big-to-fail Illuminist flagships which will continue to bilk the sheople out of their hard-earned money and assets ad nauseam while the Fed continues to lead the pack. Also note how the Fed has been given more regulatory power just by virtue of the failures and mergers. They now have control over what used to be all the major investment banks, or their remnants, that were once outside of the Fed's jurisdiction. Our traitors in Congress will probably give the Fed even more power to prevent future financial fraud, even though the Fed is the biggest perpetrator of financial fraud in the history of mankind. Yes indeed, the fox will be given charge over the henhouse.


Note that Goldman was in such bad shape that Warren Buffet's Berkshire Hathaway had to rescue Goldie with a 5 billion equity injection in preferred stock with another 5 billion in warrants for common stock at a favorable price, while Sumitomo and Mitsui Financial pony'd up a goodly chunk more. Morgan Stanley fared little better, and had to get an 8.4 billion equity injection from Mitsubishi Financial. Note how Morgan Stanley's talks with Wachovia broke down, probably because Morgan was scared to death over Wachovia's toxic balance sheets, and the same goes for Citigroup and Wells Fargo, who we did not hear a peep from as mergers were discussed, because they, like Wachovia, are about to become crispy critters as they explode and go down in flames like the Hindenberg as their fraudulent balance sheets detonate.


Fannie and Freddie are now of course nationalized, and Lehman has been fed to the piranhas. Drawing first blood on Lehman is Barclays, which acquired Lehman's North American Operations, and Nomura Holdings, which acquired Lehman's European and Middle East Operations. Then there is AIG, which has been placed in a state of suspended animation with a government guaranteed Fed loan of 85 billion, as they try to figure out what to do with it because of the trillions in counterparty risk. Citigroup, Wachovia and Wells Fargo are likely to join AIG on the suspended animation list as fodder for all the surplus dollar holders who will need a place to dump the cash from their coming fire-sale of treasuries which they will soon unload in order to prevent being hyper-inflated into oblivion. They will either go bankrupt or be eaten alive by the hungry piranhas who will wait until they smell the blood that is about to flow anew in the streets, to mix with the copious amounts of other blood that is already flowing in those streets.


You had best buy gold and silver quickly to protect yourself from the coming catastrophe. While the ancient Jews had lamb's blood to put on their door posts to protect them from the Destroyer, you will have to settle for gold and silver. We also note that God is still available as well, and we suggest you call on His services for the ultimate in bailout protection.


Orders for U.S.-made durable goods sank in August, falling 4.5% on weaker demand for a broad range of goods, the Commerce Department reported Thursday.


Excluding the 8.9% decrease in transportation goods, orders fell 3.0%, the sharpest drop in nineteen months. The decrease exceeded the expected 2.0% fall forecast by economists surveyed by MarketWatch. It was the largest drop in total orders since January.


Dozens of Arizona communities, counties, school districts and other government entities could lose nearly $40 million combined as a result of the collapse of Wall Street investment bank Lehman Brothers.


Pima County alone is looking at a potential 45.2 million loss, Tempe could be down $3.5 million and the small communities of Maricopa and Goodyear each could see $1.4 million in savings from home-building boom days disappear if all the funds they have invested in Lehman’s are wiped out by the firm’s bankruptcy proceedings.


In addition to local governments, investors in this fund include non-profits, school districts, irrigation districts, universities, airports and insurance groups.


Premiums for job-based health insurance are up 5% in 2008 and have more than doubled since 1999; a growth rate that far outpaces inflation and the increase in workers’ wages over the same period, according to an annual survey of employers released Wednesday.


Meanwhile, a growing number of workers at smaller firms are getting less coverage for their money as health plans with high deductibles and fewer benefits become more prevalent.


The portion of workers with single coverage who pay a deductible of at least $1,000 has jumped to 18% from 10% in the past two years. Among smaller firms with three to 199 employees, the rate has more than doubled to 35% from 16%.


On average, workers now pay $3,354, about 27%, toward the $12,680 annual cost for family coverage, according to the survey by the Kaiser Family Foundation and the Health Research and Educational Trust.


Within hours of revealing his dramatic, confidence-boosting investment in Goldman Sachs yesterday, Warren Buffett had made a $783 million notional profit. $10 billion in fresh capital - $5 billion from Berkshire Hathaway, Mr. Buffett’s main listed company, and $5 billion through a public share offering.


In a separate public offering, Goldman raised $5 billion through the issue of new shares at $123 a share.


Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.32% this week, a sharp increase from 6.09% last week. It was the highest level for 30-year mortgages since they averaged 6.33% for the week of Oct. 25th.


Amid uncertainty about the plan’s prospects, US money market funds controlling thousands of billions of dollars in assets led a stampede to safety, buying short-term government debt, selling commercial paper and withdrawing funds from the interbank market. As a result, the rates that banks charge each other soared, while yields on Treasury bills plunged.

[Lance]

Looking fwd to your call in on RBN tomorrow!

[Zarathustra]

The Bailout Wont Work and the System Will Implode
Posted: October 1 2008



The Paulson Plan means you are going to eat it all, Paulson wants to keep the corrupt greed machine going, A Wall Street Bailout plan means you will pay for their mistakes, Administration trying to scare everyone into accepting bailout plan, Buyouts now like zombie marriages, derivative Death-Star on its way,

The name of the episode, appropriately enough, is "The Paulson Plan." The capsule for the episode reads as follows: Hanky Panky and Buck-Busting Ben decide to renovate the Goldilocks Matrix, giving it a major overhaul, and attempt to redefine the word: "fantasy." Indeed, The Paulson Plan, so-called, may be the most vivid product of a fertile imagination since "Alice in Wonderland" and "The Wizard of Oz," which quite frankly are more believable than the reasons given for the implementation of the "The Paulson Plan."





Oh, we must help the poor sheople by easing the credit-crunch so they can get more loans and get deeper into hock (like more loans is what they somehow need), and so their savings accounts and pensions plans can be saved as we hyperinflate the dollar. Oh, we are sooooo concerned about the welfare of the poor, helpless sheople! We have to save them from destroying themselves, because only we, the masters of the universe, know what is best for them. (Judy, get the barf-bag - quick!) You just don't understand. The corrupt, graft-laden, insider-trading-saturated, fraud-based, Ponzi-scheming system that we have used to rip you off and steal you blind for over a century must obviously be saved so we can keep screwing you ad infinitum. After all, isn't that what sheople are for, to be fleeced and sheered, fattened and slaughtered? You know your place. You are all bleating, ignorant sheople, so come lick our boots - and give us the damned money!!! Oh, there, there, now. We're sorry to take such an imperious tone with you. There, there, just give in to our demands like good little sheople and, in time, everything will turn out juuuuust fine --- NOT!

We know we have taxed you to death via the IRS and inflation of the money supply, we know we have manipulated all the markets and engaged in rampant insider-trading and loan fraud, thus stealing trillions of dollars of your hard-earned cash from you, we know we created Ponzi-scheme bubbles in dot.com stocks and real estate, we know we gave mortgages to people who could not afford homes in the first place, we know that we falsely rated stocks, bonds and derivatives and "cooked our books" to get you and our international friends to pay top dollar for crap, we know we lied to you about every economic statistic on the face of the planet, but, hey, we're all in this together now, and you have no alternative other than to accept our bailout plan (oh, let's call it a "rescue plan" instead) so thatyou can pay for all the economic carnage resulting from our debauchery.

And don't worry about any oversight when it comes to disbursing the piddling $700 billion, because it should be obvious, based on all the foregoing, that we can be trusted to handle the mere 700 billion as if it were -well - our own, which it will be if you approve the plan! Oh, but perhaps we should not mention that - you might construe that as some kind of silly old moral hazard, hahaha. And never mind that we told you we don't know if the plan will work, because we know it won't, but we didn't want to upset you any more than you already are. And have no concern that the 1.4 quadrillion dollar, roiling, boiling derivatives volcano is going to wipe out the entire world banking system with molten credit default swaps and interest rate swaps in a blaze of pyroclastic glory over the next several years, because, hey - we're working on it! And never mind that the problem is unsolvable. This is the United Goldilocks Matrix, where everything turns out juuuuust right!

Note first, how the Paulson Plan, which we will hereinafter refer to as PP (which is also a good acronym for Preposterous Poppycock), is a perfect example of Illuminist extortion aimed at stuffing a very rotten apple down the collective throats of our elitist marionettes in Congress, who, for the first-time in what must be over half a century, displayed some backbone in their denial of the initial proposal for the PP, albeit that their nixing of the PP was most likely motivated by political opportunism more so than by any true patriotism.

First, we saw Bear Stearns assassinated this March as an appetizer. The extortion got started with a bang on September 7, when Fannie and Freddie were nationalized, and then we were "shocked and awed" with a series of colossal commercial bank and investment bank failures, starting with the bankruptcy of Lehman Brothers on September 10, at which time Merrill Lynch also went under and was purchased by Bank of America. Then AIG goes down on the 16th. Out comes the PP on the 20th. Then, to keep up the pressure, Washington Mutual implodes on the 25th and is acquired by JP Morgan Chase, followed by the vaporization of Wachovia on the 29th, which is acquired by Citigroup in the hours before the first vote on the PP is commenced. Now mind you that these banks have been insolvent from the outset of the credit-crunch in August of 2007, as we have reported to you over the past year. And here we are, with Congress about to recess to campaign for reelection just before the vote in November, and suddenly the whole system, which until now has been kept in a state of suspended animation, comes down to scare everyone into accepting the PP. How blatant and churlish can you get?

Along the way, we also saw Goldman Sachs and Morgan Stanley give up their investment bank charters for commercial bank charters while getting bailed out with equity injections from various Illuminist companies. Then banks and other financial institutions in Europe suddenly crumble, after unofficial weekend rumblings, with official announcements of bailouts/nationalizations made, right on cue, on Monday to bolster the PP, including Fortis (Belgium, Netherlands and Luxemborg), Hypo Real Estate (Germany), Bradford and Bingley (UK), Glitner Bank (Iceland) and Unicredito (Italy).

Here is a little time line summarizing the action that occurred as a lead-up to the vote on the PP:
http://www.guardian.co.uk/business/2...eet.useconomy3

Nevertheless, the PP gets nixed by the US House of Representatives in a "shocker," and suddenly the Dow plunges 777 points as punishment for our Congress having the audacity to deny the Illuminati because they were getting inundated with calls from constituents who were against the PP, sometimes by as much as 300 to 1. The message: give us the $700 billion or we will give you trillions worth of grief just prior to elections. As a side note, while we are not into numerology, when you get a 777-point punishment for nixing a $700 billion bailout plan, may we suggest there is some sort of message there. Also, as a side note, we had to laugh when Citigroup bought out Wachovia. It was like a zombie marriage made in heaven. The walking dead marrying another member of the walking dead. It's like mixing C-4 with TNT. What a conflagration that combination is going to suffer! We suppose, for now, that we technically have the Fed now leading the Big Five instead of the Big Four (the Big Five being JP Morgan Chase, Bank of America, Goldman Sachs, Morgan Stanley and now Citigroup). We'll see how long that lasts. We expect to get back to the Big Four in the not-too-distant future. The Big Four will get vaporized later, as will the Fed, with everything being nationalized, as planned by the Illuminati all along.

Now we are hearing the moron, Illuminist bankers in Europe drone on about how doltish the Americans are for rejecting such an excellent plan. Then there is the Caligula Administration, whining that we don't like the plan any more than you do, but it must be passed or everyone will suffer great pain (as if that can somehow be avoided and as if they aren't drooling over the profits to be made when the money is doled out). Now, the Senate leaders are getting in on the act, blaming the House for defeating such a wonderful plan and causing trillions in losses in the stock markets (even though it was really just the PPT withdrawing its support and strengthening the yen, thereby allowing the financial markets to fall under the weight of their horrendous fundamentals, as well they should when left to themselves instead of being manipulated by our corporatist, fascist, elitist scum and their financial anti-gravity machines). The Senate is going to add some tax breaks to sweeten it for the House Republicans, but the House Democrats may then be put off. The Senate is thus trying to obfuscate what is the main issue - that the plan won't work, will ultimately increase our pain and fan the flames of hyper-stagflation and out-of-control, double-digit interest rates as everyone stampedes toward the exits, trying to unload their treasury paper all at the same time before it becomes worthless. Meanwhile, the bribes and threats are being thrown every which way as the Wall Street pirates and the usual government scalawags attempt to claim their booty.

This so-called rescue plan is a "disgrace," is "totally flawed" and there are many better, and far less expensive, alternatives, notes the respected economist Nouriel Roubini. Also noted by Mr. Roubini is the fact that credit and other financial markets have been deteriorating despite the prospects of approval for the PP, which shows you in spades that the plan won't work and will do little more than line the pockets of the Illuminists at the expense of the taxpayers who will get vaporized in the end. Rather than lay out all of his arguments in detail here, we provide you with the following web sites:

http://www.rgemonitor.com/roubini-mo...e_best_way_to_
recapitalize_the_financial_system_no_it_is_rather_ a_disgrace_and_rip-off_benefitting_only_the_shareholders_and_unsecure d_creditors_of_banks

http://www.rgemonitor.com/roubini-mo...h_more_severe_
in_spite_of_the_treasury_rescue_plan_the_risk_of_a _total_systemic_meltdown_is_now_as_high_as_ever

As Mr. Roubini points out, the government's purchase of bank assets is the route the Japanese took, and this led to a two-decade recession/depression which they still struggle with to this day. We will now follow them into financial oblivion unless by some miracle the elitists are stopped from implementing the PP, or the Derivative Death-Star detonates before they can complete their final raping of the sheople. Instead of having a brief one or two years of moderate depression, we will end up with one or two lost decades and the worst depression ever created in the history of mankind, not to mention a corporate, fascist police state.





The PP will temporarily put off, and greatly magnify, the final implosion of our economy which will be worse by an order of magnitude as the direct result of the implementation of the PP. The glowing, Quadrillion Dollar Derivative Death-Star insures that destruction is on its way. It is not "if," but "when." When it explodes, in the aftermath, a financial black hole will form as global markets implode, and will suck everything into one final crushing moment of complete annihilation. The PP will only serve to extend the period of elitist fraud, and they will continue to produce toxic waste and dump it on their sucker-dupes for vast fees, spreads and commissions as they speculate, gamble and re-leverage with all their newfound largesse, courtesy of the US taxpayer and the backing of nationalized Phonie and Fraudie along with the huge injection from the PP.

This all ties in with the Big Sting Two. They have beaten down commodities. Now, all they have to do is have the PPT drive up the stock market with the puffery provided by the PP, and they win. They will bail out through their dark pools of liquidity, Project Turquoise and Baikal, behind the public's back, and then use their sales proceeds to buy up all the tangible assets such as precious metals, commodities, real estate and domestic infrastructure at fraudulently manipulated and reduced prices. Such drastically reduced prices will also become available at an ever-accelerating pace as financial and business corporations continue to collapse and go into bankruptcy. After they have bailed out of all dollar-denominated paper assets, the Illuminati will let the stock and bond markets come-crashing down, the price of precious metals and other tangible assets will explode, they will clean up, and you, the sheople taxpayers, will get left holding the proverbial bag of worthless fiat paper for the nth time.

As the system implodes, the highly appreciated tangible assets of the Illuminists will be used to purchase property for pennies on the dollar as liquidations continue under the weight of what will be a complete systemic failure of the fiat money and credit system, after the elitists have had their fun. That is their hope, but we doubt they can hold it up long enough to complete their final rip-off of the sheople. This is why they fear the Derivatives Death-Star, and start mumbling to themselves every time someone in Congress brings that subject up. They must bail out before this Death-Star detonates, or they will be wiped out, hence their desperation to implement the PP. They intend to leave nothing but burned out corporate husks, the Fed and the Big Five included, when the Derivatives Death-Star detonates, and then you, the sheople, will be asked to nationalize the entire banking system. This is what happened to Germany in the aftermath of the Weimar Republic after hyperinflation had cut its swath of destruction. And we have relatives of some of the same players involved in the rebuilding of Nazi Germany as a fascist police state. Caligula's grandfather, Prescott Bush, helped finance the new Nazi fascist government through a banking concern he managed which was later shut down as an entity that collaborated with the Nazis. He was almost hanged for treason before his Illuminist buddies saved his neck. And now GHWB and Dubya are working off the same playbook as history repeats itself. The Fourth Reich is coming to a theatre near you, complete with Nazi death camps and a Nazi police state. As you watch the financial carnage going down all around you, perhaps you can now start to understand and appreciate that this is not business as usual and that we are not conspiracy quacks talking out of our back ends. You had better wake up and take action quickly, or you will be caught up in a new Holocaust.

Now, let's take a look at some of the new blather that was added to the PP to bring about the so-called compromise. First, we state categorically that the taxpayers will not make a single dime of profit from this scam. You are going to pay for this cess pool of toxic sewage at the "hold to maturity value," which means you will pay par less any principal reduction from payments received. And which paper do you think they are going to buy with your dollars? Do you think it will be the stuff worth 70 cents on the dollar, or will it be the stuff going for 10 cents or less on the dollar? We will not even insult your intelligence by answering that question. And if this toxic waste is worth pennies on the dollar now, what will it be worth when our economy finally comes down under the weight of our rabid profligacy, rampaging fraud, rampant speculation, raving lunatic leverage and roaring, outrageous deficits? You guessed it. A big fat goose egg. You will eat the whole thing - guaranteed.