Willease's World Wide Rant

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PostThu Dec 15, 2011 11:09 pm » by Will69ease


Big Banks Breaking America
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We may be approaching teotmsawki: The End Of The Monetary System As We Know It. At least, after last Wednesday’s announcement, the risk just went way up.

Central banks around the world announced “unlimited” money to be loaned to struggling banks in Europe. Dollars, euros, yen, pounds, francs, more dollars—it is an all-you-can-eat gourmet smorgasbord for the world’s cash-starved, debt-bloated banks.
http://www.dailymail.co.uk/news/article ... runch.html

And it is another powerful sign that the world’s financial system is on its last legs.

But amazingly, the stock markets didn’t seem to care. To them it was as if the heavens opened and manna rained down. But it is a strange kind of food. Fiat fare. Money out of thin air. You might not realize this, but the central banks of the United States, Canada, Britain, Switzerland, Japan and Europe don’t actually have any real money on hand. That’s how messed up our financial system is. The central banks are all broke. Any real money they had is long spent.

All the central banks have left are their magic money-making machines. If only real food and wealth could be created so easily.

So the bankrupt world’s central banks promised to lend as much money to bankrupt private sector banks as they can chow down on, at least until 2013. Even China loosened its belt, letting its banks reduce the amount of cash reserves they hold, in order to spur more lending.

By then, some hope the stricken global economy will be back on its feet and growing its way out of its debt problems. But between now and then, all that new money has to go somewhere. We are potentially talking trillions of dollars—only stock and bond markets can absorb that kind of growth-hormone-packed feed. So the stock market rallied, and investors hoped they would soon digest all the new fiat food.

But why did the Federal Reserve suddenly decide to lead the charge to “save” Europe? Didn’t White House spokesman Jay Carney just say that no taxpayers’ dollars would be risked to help Europe?

As it turns out, American banks have, in one way or another, leveraged themselves up on European debt. On October 21, MF Global collapsed. It was—is—a very big deal. MF Global was a primary dealer. It was one of just 20 mega banks given special privileges like being able to borrow money below market price directly from the Federal Reserve in exchange for helping conduct open market operations pursuant to U.S. monetary policy.

Needless to say, MF’s collapse came as a total shock. Federal Reserve-approved banks are not supposed to fail.
It has since been revealed that MF Global was leveraged 80 to 1. In other words, it had borrowed and “invested” 80 dollars for every one dollar it actually had. When it suffered just a small loss on the money it had loaned European governments like Spain and Italy, it wiped it out. Then making matters worse, it apparently used its clients’ money to try to hide its losses.
http://www.forbes.com/sites/robertlenzn ... d-80-to-1/

MF Global was a $40 billion bankruptcy.

MF Global is the tip of the iceberg.

Just one day before the Federal Reserve’s decision to offer unlimited loans to banks, Standard & Poor’s ratings agency announced that it had downgraded 15 U.S. banks, including giants Goldman Sachs, JPMorgan Chase, Morgan Stanley and Bank of America.

Coincidence? Hardly. Goldman Sachs, JPMorgan, Morgan Stanley and Bank of America are all primary dealers—just like MF Global. And they too are exposed to European debt. You can still hear echoes of their collective cry.

According to the Bank of International Settlements, U.S. banks have at least $767 billion worth of exposure to the European debt market. Not only have they directly lent $181 billion to European governments and banks, but they have sold an astounding $518 billion worth of default insurance—for which they do not have reserves set aside against default.
http://www.sacbee.com/2011/12/05/410068 ... ights.html

So America coming to the rescue of Europe was really just another bank bailout of the too-big-to-fail Wall Street giants.

Last month, Bloomberg finally won its freedom-of-information request for access to information regarding the Federal Reserve’s bailout of Wall Street 2008-2009. The details are astonishing and shocking. At the time America’s banking giants were reassuring shareholders about how financially sound they were, Bloomberg reports that America’s banks were so short of money that the Federal Reserve lent them $1.2 trillion on one day alone in December 2008. At one point, the Federal Reserve had committed $7.7 trillion to keeping the economy from collapsing.
http://www.bloomberg.com/news/2011-11-2 ... ncome.html

The Federal Reserve had to commit the equivalent of over half of America’s gross domestic product to stop the system from collapsing. That is how fragile and out of control America’s financial system is. Remember, this is money the Federal Reserve does not have. If the world called the Fed’s bluff, the Fed would have been forced to create that money out of thin air—and what do you think that would have done to the value of the dollar?

Perhaps that is why South Korea just purchased another 15 metric tons of gold, upping its precious metal reserves by 39 percent. Perhaps that is why authorities in China actively encourage their citizens to own gold and prohibit the export of it. Maybe that is why German politicians routinely suggest other countries put up their gold reserves as collateral for German bailouts.
http://www.zerohedge.com/news/bank-kore ... mber-alone

The solutions presented by the world’s authorities will at best delay the day of reckoning. Lending more money to debt-stricken banks does not fix a problem of too much debt. Meanwhile, it does a lot to cheapen the value of the money and destroy confidence in the dollar.

The world’s financial system, of which America is the core, is close to cracking. It is just a matter of time before the end of the monetary system as we know it. The imminent risk has gone way up.

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PostFri Dec 16, 2011 3:59 am » by 44z44


will69ease wrote:
44z44 wrote:I knew your agenda in this thread especially,stupid jew.


Zaff, you are a religious bigot.
But if it will make you happy I'll post some articles about the atrocities of the Israelis.

Waiting.............
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PostFri Dec 16, 2011 8:25 am » by Will69ease


44z44 wrote:
will69ease wrote:
44z44 wrote:I knew your agenda in this thread especially,stupid jew.


Zaff, you are a religious bigot.
But if it will make you happy I'll post some articles about the atrocities of the Israelis.

Waiting.............

I don't care.

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PostFri Dec 16, 2011 9:03 am » by Will69ease


“America Accepts Defeat in Iraq”

After nine years, 4,500 American lives and a price tag of $800 billion, Washington officially ended the U.S. military mission in Iraq.

Ten years ago, President Bush promised to relentlessly march against terrorism “until every terrorist group of global reach has been found, stopped and defeated.” And yet, just a few months ago, America was pleading for Iraq to allow a measly 3,000 U.S. troops to remain in Iraq for the sake of security. But the Iraqi prime minister sharply rebuffed the request and instead bowed before intense pressure coming from Tehran and the pro-Iran factions in Iraq.

American power is now in full-scale retreat. And this rapid decline has been on full display throughout the war against terrorism. It was also foretold in your Bible, which is why, from the very beginning of the war against terrorism, The Trumpet told us that the United States did not have the “necessary will” to win the war. That forecast was based on Leviticus 26:19.

The Trumpet told us early on that as active and aggressive as America would be in the war, in the end, its strength would be spent in vain. Now the major media outlets are writing about these developments every day it seems.

This week, the United States of America accepted defeat in Iraq—the “mother of all disasters,” to use the words from a recent piece in the Weekly Standard. America’s military power has been shockingly diminished. Its economy is broken. And social unrest is now spilling into our streets.
http://www.weeklystandard.com/articles/ ... 04179.html

It’s been a decade of defeat for the United States.

For more on this, read this article from 2006:
How to Lose a War
http://www.thetrumpet.com/?q=2694.0.86.0

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PostFri Dec 16, 2011 9:18 am » by Absolute


They are collapsing everything so they can implement a one world currency.

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PostFri Dec 16, 2011 9:31 am » by Will69ease


Berlin—Political Turmoil
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Turmoil in Chancellor Angela Merkel’s coalition comes at a bad time as it affects Germany’s focus on the eurozone crisis.

Chancellor Angela Merkel is facing increasing divisions in her coalition government at a time when she can ill afford them.

On Monday, a senior member of Merkel’s Christian Democratic Union, Justice and Consumer Affairs Minister Michael Braun, was forced to resign from office in the wake of publicity surrounding allegations of his involvement in bad property deals.
http://www.thelocal.de/politics/20111212-39461.html

Wednesday, the general secretary of Chancellor Merkel’s coalition partner, the Free Democrat Party, stepped down. Christian Lindner, an ally of the economy minister, Merkel’s Vice Chancellor Philipp Roesler, resigned over Free Democratic Party (fdp) ructions concerning the EU’s permanent bailout fund, the European Stability Mechanism.

Divisions within the fdp run deep and forced the resignation of former party head, Foreign Minister Guido Westerwelle, from the fdp general secretary’s position some months ago. His replacement, Roesler, will be seeking someone who can watch his back to replace Lindner.

To top it all off, German President Christian Wulff returned from a tour of the Middle East on Tuesday facing increasing pressure to explain a questionable loan which he received previous to his presidential appointment. His accusers maintain that by compromising standards of transparency expected of a public official, Wulff disqualified himself from acting as the nation’s moral exemplar.

Each of these situations being hyped by Germany’s liberal press risks Chancellor Merkel becoming distracted at a time when she and her government need both political focus and party unity to ensure that the goal of swiftly attending to the euro crisis is not compromised.

Already the markets are reacting negatively to perceived divisions within Germany and other nations in the wake of last Friday’s fiscal compact deal.

There are no surprises in all of this.

Germany’s coalition government has been divisive since its beginning under Merkel’s leadership. Her grasp on coalition unity is clearly slipping at a most dangerous time in both German and EU politics. Whether Merkel can last the distance till the 2013 elections is a moot point. The loss of two key coalition members in a matter of days this week does not bode well for Merkel’s continuing leadership, for coalition unity in a time of great crisis, nor, least of all, for the survival of the eurozone.

In a comment not welcomed by many EU leaders, U.S. Chairman of the Joint Chiefs of Staff Gen. Martin Dempsey recently warned: “The eurozone is at great risk. … I know that they’ve taken some measures here with the 17 members of the eurozone to try to better align … monetary and fiscal policy. But it’s unclear, to me at least, that that will be the glue that actually holds it together.”
http://www.bbc.co.uk/news/world-us-canada-16122887

General Dempsey then expressed a fear that sharper analysts share, warning of “the potential for civil unrest and the breakup of the Union” (ibid). The Intelligence Digest observes that “the fears he expressed are by no means misplaced” (December 14).

To put things in true perspective, the alignment of monetary and fiscal policy, rather than being the glue to hold the EU together, is but a catalyst to break it apart. Already some EU leaders are expressing skepticism as to their being able to effectively enact necessary changes in legislation to permit operation of the pact with the speed that the current escalating crisis demands.

With Chancellor Merkel having to start placing fingers in the leaky dyke of her governing coalition, this mitigates against processing the mooted fiscal pact in the fast lane. There simply is, as yet, no glue activated to bind such a pact together over such a disparate group of 27 nations.

Enter Rome.
Editor in chief Gerald Flurry wrote in the April 2006 issue of the Trumpet: “So the Holy Roman Empire of the German Nation existed through subsequent history as a union of two separate authorities—one giving protection to the church, the other supplying the unifying glue of a state religion to bind together the separate nations and cultures within the empire.
http://www.thetrumpet.com/?q=2213.0.82.0

“Herbert W. Armstrong believed the same pattern would occur again in our time—that European nations would unite suddenly because of a crisis, and that the Roman Catholic Church would play a huge role in solving that emergency. In times of crisis, religion has a way of pulling people together!”

As farfetched as that prospect may seem to be in reference to the European Union today, it is as sure as tomorrow’s rising sun!

My research leads me to the conclusion that the Vatican is well advanced in formulating, together with German elites, a process that will soon divide the EU apart and cement together a Roman Catholic core of 10 nations under the spiritual influence of the pope.

Chancellor Merkel is between a rock and a hard place, trying to keep her governing coalition together and satisfy the domestic demands of her German constituents with an important election year looming amid the current challenges of the fiscal compact.

The road ahead is a rocky one that may even cost Merkel her political career. In the process, the way will increasingly be opened up for a Roman Catholic leader to soon sweep into power in Germany and busy himself applying the spiritual “glue” binding 10 EU nations together into a powerful economic, political and military force. The pope’s aggressive new evangelism, slated to move into higher gear in 2012, will only serve to accelerate this process.
For more about this read this booklet Who or What Is the Prophetic Beast? for prophetic background on this subject. You can read it on line or order a free copy here:
http://www.thetrumpet.com/?page=book&b=387


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