A year ago, the blogsphere got all excited over the Italian arrest of some US bond smugglers. All sorts of bizarre conspiracy theories instantly appeared which I believed was pure bunk. I said back then, these things were fake and it turns out, yes, they were counterfeits. Now, even more of these bonds are being discovered in a Swiss bank vault as well as in Italy and they all come from a former UK colony in China, Hong Kong.
I figured these were pre-WWII bonds left behind when the war engulfed Hong Kong and then they were lost inside a bank and I think that when they were found again, due to the primitive nature of how bonds were printed back then, reproducing these was easy as falling off a chair today. They could not be redeemed in the US anymore since the government here keeps a record of these bonds but instead they were used to get loans from EU banks.
The securities, dated 1934, were held in three large trunks stored at a Zurich trust company. It is believed to be the largest ever seizure of fake Treasury bonds. US officials in Italy confirmed that the bonds were counterfeit but declined to comment further.
According to the Italian authorities the bonds had been transported from Hong Kong to Zurich in 2007. The police said the plan was to sell the bonds to a developing country, either directly or through an intermediary.
Fake Treasury bonds are a popular mafia scam. They can be used as security to open lines of credit before the fraudsters take the money and disappear.
How many loans were given to these crooks? Looking at the number of fake bonds, it had to be well over a billion. The entire lending system has been so prone to fraud, it is over a trillion. This ‘fake money’ is money that had zero intention of being paid back over time. The fraudsters would get a loan, default, the banker would then get the bonds, try to turn them in to the US Treasury which would then inform them, the bonds were fakes.
Since last year, the EU police and the Secret Service have been hard at work to warn banks and to catch the criminals. All bond/money systems must have tight controls or they run into infinity due to either banking fraud, government fraud or criminal operations at the bottom. Keeping a sane, careful banking system is life and death for any society.
Many Americans, spoiled rotten by free, easy credit based on poorly understood capital systems, have allowed themselves to be systematically looted and defrauded by various crooks within the government and the banking system. The system has been so rotted away by bribes and malfeasance, virtually none of these criminals is being punished with prison time, for example. So the frauds continue.
Reforming the system is difficult if the media supports the criminals defrauding the nation. This laggardness in our media is what is most troubling. The EU press is much harder on the bankers than the US media. Even so, the shocking thing for me is how the various EU nations that ignored reality and rang up huge debts are blaming Germany who didn’t have a housing bubble (deliberately) for their woes.
The debt Derivatives Beast is what they all now fear. If Greece, Italy and Spain all default on their debts, their bonds become nearly worthless and this, in turn, will destroy the capital base of all the banks holding these things which will then cause a further collapse in lending which in turn, leads to a decline in commerce and production: ECB Bond Exchange Spurs Likelihood of Greek Default Swap Payout – Businessweek
As much as $3.2 billion of default insurance may be trigged if the CACs are used because all investors would be bound by a majority agreement to accept a proposed debt restructuring. ECB officials previously rejected the possibility of a credit event triggering swaps, arguing it would encourage traders to bet against indebted nations and worsen the crisis…
…The introduction of the clauses doesn’t in itself trigger default swaps, though using them does, according to rules of the International Swaps & Derivatives Association. David Geen, ISDA’s general counsel, declined further comment.
These stupid swaps are a fraud. Note that NO ONE KNOWS what will happen next. Note the highlighted sentence here: IT MAKES NO SENSE. It is an insensible sentence. It is insane. Just mentioning a swap is dangers and can trigger a collapse! They do NOT want to SWAP ANYTHING—ever! It is dead last in ‘Things we want to see.’ Why is that?
Swaps are a fraud! They pass on the poison to someone else and that person, say, AIG, will then instantly die and this causes a further collapse because, if the person who bought the rights to this swap won’t pay up the losses so the losses stay that way: a total loss.
This happens with the bond frauds in Europe run by the Mafia and the Chinese gangs: they vanish. So anyone who lent to them ends up with nothing. This, in turn, makes them poorer. The banks holding fake bonds discover they are worthless and this is a huge loss for them. They can’t be sold. They can’t be traded. They can’t be held. They are fake and the ‘real’ money created as loans are now in the economic system and cause even more inflation.
Greece is suffering greatly but refuses to figure out what went wrong: Staring into the abyss: Faced with losing her job, a Greek woman threatens to jump to her death in a desperate, despairing nation where hungry families are queuing at soup kitchens. Here is a story about the grasshoppers being very, very angry with the ants. They whine, ‘Why save?’ Why pay back loans? Why now party forever to infinity?’ Europe is in dire need of lazy spendthrifts | Fabian Lindner
The tale goes like this: while Greeks wasted their time on the beach drinking Ouzo, Germans implemented painful economic reforms. Indeed, in the 2000s Germany deregulated its labour markets, reduced real wages to increase competitiveness, shrunk the public sector, cut pension entitlements and implemented a debt break into the constitution. After almost a decade of dismal economic growth and heavy belt-tightening, Germany has negotiated the 2008 global economic crisis successfully almost without employment losses, has since grown strongly and now registers the lowest unemployment rate since 1991. If southerners would have just followed the German model, the whole crisis could have been avoided.
Actually, Germany’s good performance in the 2008 global economic crisis and after is hardly due to belt-tightening but to the adoption of a large fiscal expansion package in the crisis and generous government subsidies for companies to safeguard employment. That such a pragmatic strategy could also help today’s eurozone crisis countries has not even been considered by the government. Having supposedly had good experiences with austerity itself, Germans believe the same bitter medicine could lead even lazy Greeks to economic success – if only wholeheartedly applied.
The element left out of this analysis is why this British writer is a fraud: Germany rebuilt itself WITH ITS OWN CAPITAL!!! Back when the euro was worth $0.80 to the dollar, all of Europe exported to the US, our citizens happily went on holidays in Europe and Europe sucked down huge amounts of US wealth. Then, the tables turned when the US began running really immense government debts under Bush Jr.
Suddenly, the euro shot up to over $1.30 to the dollar! Suddenly, Greeks could take a fistful of euros and tour the world! English tourists could be lower class, on welfare and fly off to Asia for fun in the sun. Euros flowed out into the world all over the place because they were worth much more than dollars! The US visitors to the EU dropped off greatly and exports to the US fell.
Now, the pigeons are coming home to roost. The euro is still immensely stronger than the dollar and so is the yen, by the way. Anyone in Japan or the EU can buy luxury items and visit foreign lands with impunity but…fewer and fewer citizens have any money to spend! Most are rapidly falling into severe poverty! Spain Protests Labor Reforms As Hundreds Of Thousands Take To Streets (PHOTOS): riots, rebellions and labor stoppages rise. But the euro is strong and the rich don’t want to see any of their wealth and power seep downwards.
The average German is NOT rich. But has been thrifty and the German industrialists have been most careful to not play Pharaoh unlike in the UK or US. In Japan, the elites are simply in hiding and say nothing in public, do nothing in public and lay low or are leaving the country due to Fukushima.
Meanwhile, the US and EU media has to mention the obvious: our NATO invasion is a total disaster. And it unleashed a heroin epidemic across the planet: Heroin production in Afghanistan has RISEN 61% | Mail Online
Some 15 per cent of Afghanistan’s Gross National Product now comes from drug-related exports – a business worth up to £1.6billion each year, it was claimed…The UN Office on Drugs and Crime estimated that the 2006 harvest was around 6,100 tons, 33 times its level in 2001, a 3,200 per cent increase in five years.
Of course, they blame the Taliban for this. Forgetting that the Taliban suppressed opium production before the NATO invasion. Which backed opium dealers who were warlords driven out by the Taliban.
Then there is our own self-inflicted damage: Iran. OIL FUTURES: Brent Hovers Near 8-Month High In Choppy Trade. The Iranians looked at poor Greece and today, announced that they were going to be kindly to that poor nation and instead, cease selling oil to Britain and France. The Iranians are not stupid. They know that if they disarm, they will be butchered by the NATO leaders. So, they turn the screws bit by bit as we try to do the same.
They know that any hike in oil costs will harm the West, BIG TIME. They know that time is on their side, not ours. As we struggle with a multi-trillion banking fraud mess, the last thing we need is high oil prices. But since our corrupt system is run by a bunch of crazy Zionists, they shoved us off the cliff and now we are in economic free fall, with high oil prices hammering societies from top to bottom.
The US press doesn’t mention much about the deep freeze Eurasia is in: Frozen to death as fuel bills soar: Hypothermia cases among the elderly double in five years | Mail Online
The statistics from the NHS Information Centre show that three-quarters of hypothermia cases are among the over-60s, and the increase in admissions has been the highest among this age group.
In 2006/07, there were 633 hypothermia admissions among the over-60s, rising to 1,396 in 2010/11. This is a rise of 120 per cent. There have, however, been increases across all age groups.
Among adults aged 15 to 59, cases have risen by 54 per cent to 276. There were 50 hypothermia cases among children aged 14 and under, a 22 per cent increase.
Yes, this is the Global Warming plan: to freeze northerners to death! Getting rid of the elderly is easy: don’t give them any inflation protection (ZIRP rates on savings is theft especially when prices of things needed to survive shoot relentlessly upwards). Iran isn’t intimidated by NATO as Iran warships enter Mediterranean via Suez Canal.
The war with Iran is insane because everyone is getting assassin drones: Asian firms move into drone market. Yes, as I predicted, Asians who are geniuses at making things very, very small, are at it with drones. And yes, China’s drones will surpass US drones in no time flat. Remember the Cold War? Every advance we tried, Russia either beat us or came in close second. EVERY TIME. Without exception.
And unlike Russia, China is the richest sovereign wealth nation on earth with a huge workforce and an immense body of college graduates and scientists which we have to import just like we imported Russian scientists! Here is a sad article about how US citizens can’t get university jobs in mathematics because the Soviet ones are so superior: Fall of communism hit US mathematicians hard.
And our brave space program which we were so proud of is dying rapidly even as we spend more and more on Muslim wars we can’t win in the end: Big NASA Budget Cuts to Slash Mars Missions, Experts Say. Everything here is being cut to the bone: Federal funds for health testing at beaches to be eliminated. So what, if Americans die? Who cares! Netanyahu shrugs his shoulders. He is coming very soon so the top CIA official is over in Israel telling his boss what we are going to do next for him and his gang. Yup. Filling him in on the next hit which is Iran.
Recently, the Jews learned it may take 100 jets flown by Jewish men to bomb Iran. They don’t want to do this, of course. They want us to do this so the mad push to war rises as the US media dutifully fans the flames of religious warfare yet again. Recently, the FBI lured a Muslim man into wanting to blow up Congress. Why do Muslim citizens hate Congress?
Well, we are in this stupid religious war which will spread if the media fans the flames enough. Eventually, it will be the Christians wiping out both the Muslims and the Jews and then turning on each other. The one thing our Founding Fathers feared the most will happen: religious warfare tearing apart the nation and bankrupting the country.
Ron Paul wins Maine county caucus and cut Romney’s lead to razor thin while in another poll, Ron Paul would best Obama in Iowa general election matchup. They are neck to neck in Iowa and I would suggest this is the hidden antiwar vote. Rick Santorum In 2008: Mainstream Protestantism Fell Out Of ‘World Of Christianity’ shows us that Ron Paul’s rivals are extremely dangerous for the US and mindlessly cruel.
I despise anyone who thinks a god loves them. Gods don’t love anyone. They are truly self-centered and out for their own interests, not altruists wanting to help us. If they were, we would live forever in the Garden of Eden! But no, they want to torment us, tell us how to live in capricious ways and punish us forever if we screw up or talk to the wrong god, etc. A demented cosmos indeed. Santorum is a Catholic and he truly believes ALL Protestants will burn in hell.
Romney believes that anyone who doesn’t believe in his bizarre sect will burn in hell, too. Ergo: we can’t trust any of these guys. The more they claim to be believers, the more suspicious we should be since ALL of the Christian sects believe anyone violating their pet beliefs and rituals will all burn in hell forever! Ugh. Ron Paul has carefully kept his religious bigotry off the stage this election and should be praised for his restraint even though I bet he secretly believes that god loves him and hates me (I am an animist/nature goddess sort). I thank him for not stirring the toxic pot of religion and war.
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