Bank Bailouts Deflation And The Greater Depression
Why bank bailouts are important to your and the whole World's survival. Bank bailouts and corporation bailouts mean you
and I the taxpayers always get saddled with the bill and owing the debt this is fraud. Please scroll down to article.
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Why Bank Bailouts Will Make Deflation and the Greater Depression Worse
By: Delwyn Lounsbury - THE DEFLATION GURU
Bank bailouts are your major way the monetary financial power elite transfer debt and/or the responsibility for that debt to you and I, the taxpayers. The Anglo financial power elite want a one world government and a one world currency so they can control us cradel to grave. The 100 plus central banks and their henchmen, their military industrial complex and their enablers and associates are pushing harder now for a New World Order. We are their puppets in a world wide chess game of smokescreens like war and bank bailouts to hide their nefarious collectivist conspiracy.
Remarkably, the bank bailouts worldwide during the 2008-2009 banking crisis may have been a whopping $50 trillion dollars! The will want this money back. Bank bailouts in the current European sovereign debt crisis are a prime example of what I am talking about.
1913 was the year the Federal Reserve Bank, a cartel and a monopoly, was planned in secret to create a one world government. International bankers figured they will plunder the world via taxes, debt, inflation, bank bailouts and the farce of fiat currencies. Keynesian Socialism controlled by the rich power elite to their advantage would be their modus operandi. Bankers as “Big Brother” - Watch out! Here is how it is going down.
In that first secret meeting bank bailouts, wars and even global warming were to be smokescreens for taking citizen’s freedoms granted by the Constitution and a weakening of the once strong America both financially and morally. Additionally, the U.S. was pay the cost of policeman of the world and also be the major foreign aid source. The plan was to ruin America and have a new-world-order under their control. The takeover was to be done slowly - so no one would catch on. Congress formally passed the Federal Reserve Act in 1920 creating the central bank we now call the FED. Since the U.S. was so strong back then, the rich bankers needed the cover of a private central bank to bring America down.
What better cover for their conspiracy than a central bank with the name federal in it. The Federal Reserve Bank is a private corporation owned by the power elite. The FED is not even subject to an audit by our government.
Both bank bailouts and corporate bailouts transfer the responsibility for loans over to the taxpayers. Bank bailouts are a fraud. Loans that are government insured sponsored or backed in any way are a fraud. They sponsor monopoly and cartel building inefficiencies and actually hurt technological advances and innovation. Free enterprise means no favorites to monopolies or cartels like the FED. Period!
What a bunch of dummies we are to let them so easily take our freedoms. It has happened slowly and we hardly notice. Bank bailouts have been the main avenue for the advance of the one-world-order takeover by the power elite banksters. The "Big Brother" era is already here yet we keep letting them do these corporate and bank bailouts over and over again. Each one is a guarantee of debt or a transfer of the debt over to the public sector. You and I and our children - the future taxpayers - get the bill
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The Fed is not federal, a reserve or a bank. It is a private corporation watering down our money with inflation. Now, after QE1 we get Ben Bernanke starting QE2 (quantitative easing #2). This means the FED will buy large amounts of government bonds with just a computer entry. They don't even need to put ink on paper to flood the country with stimulus. QE2 is projected to be 75 to 100 million dollars per month with a total of $700 billion on top of the $1.2 trillion QE-1. It is a miserable mass money monetization that will just deflate to nothing. We will still owe it though. Won’t we?
It won't work. The de-leveraging of all the excess credit in the private sector and the price drops in assets like real estate are occurring too fast. Soon Stocks, bonds and commodities will join the crash. Deflation will crush collectable prices. Recently, John Lennon’s white suit to a 50% drop.
The U.S is now policeman and foreign aid giver of the world thanks to the Federal Reserve and socialist politicians. We fund bank bailouts and company bailouts (GM and Chrysler) left and right. Key leaders of both political parties have been in on this scheme.
Now, we will get deflation and the GREATER DEPRESSION. Will the banksters foreclose on everything and get richer? Smaller government due to reduced tax revenues will be a good thing. Mark my words! Unless private money backed by gold catches on we are doomed to a runaway inflation driving gold to $5,000 per ounce in the distant future
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The deflation economy will have its way with the whole world first. 2016 to 2020 may be the bottom. By then most assets will have lost 90% of their value. Bank bailouts along with the bailouts of General Motors and Chrysler are bad news. The bill always gets paid by the taxpayers, you and I and our children. No wonder they are calling GM, "Government Motors."
Governments worldwide are already stressed out.
Some of the strongest European countries are implementing austerity measures and loaning money to tide the weaker countries over. Yes, more worldwide bank bailouts. This is nothing new. It has been going on for years with the help of "Big Brother" type organizations like the United Nations, the International Monetary Fund and the World Bank. World government leaders should look at ways to reduce taxes and give a lift to business. Instead they are acting like snails and pulling back into their shell. Portugal, Italy, Greece and Spain (PIGS) are reducing workers pay and pensions due to stress over 20% unemployment rates choking off tax revenue causing them to catch the bank bailouts disease. Now, even France is extending the age for retirement.
Five states in the U.S. are technically bankrupt. There is talk of requiring work for welfare. Yes! Do it!
41 million Americans are on food stamps. That number is up a whopping 45 percent since President Obama was elected. What's up with that! Is it a new kind of farm subsidy? Big socialist government just does not work. 279 American Banks have failed in the last few years - the most since the 1930's.
The FDIC, Federal Deposit Insurance Corporation, has been privatized. You and I now become the insurers of last resort. That's another one of the big bank bailouts. With government run deposit insurance banks and lenders have no risk. Therefore, they make unwise money decisions. Just look what happened to the Federal National Mortgage Association (Fannie Mae) and Freddie Mac. They were both GSE’s, government sponsored enterprises buying real estate loans. With the federal government to back them up, they made unwise lending decisions leading to bankruptcy. Now, you and I own them. Right – privatized. It’s just another one history’s bank bailouts.
ObamaCare putting 20 per cent of our economy under government control is a bailout. It will be the “straw that broke the camels back.” There will be a lot of health care rationing. Don't let them fool you. Reduced tax revenue due to the business slow down and more people on the system will mandate rationing. This will lead to long lines, long waits and denial of service because of age. All because of the economic reality of reduced tax revenues coming in to government coffers in the GREATER DEPRESSION.
The Federal Reserve and President Barack Hussien Obama both want America weakened and its reputation ruined so a new-world-order world government can take over. I am serious here. The wars, bank bailouts, foreign aid, global warming hype, cap & trade (a business killer) ideas are all smokescreens to hide the financial power elitist one-world-government global governance ambitions. They plan to make us all slaves and serfs in a new feudalism in the NEW DARK AGES. Bank bailouts just help them as debt is always transfered to the taxpayer. Every time!
Now, President Obama apparently has ambitions of getting back at the Europeans, the British and the Americans who had past and present empires. Obama wants America to pay for what he sees as an oppressive big rip off of natural resources from third world countries that has been going on for the last 300 years. His socialistic ambitions are apparently a fulfilling of his fathers anticolonialist dreams of getting even with these empires. Barack Obama Senior’s socialist dreams are becoming the world’s nightmare. Obama Jr’s socialist-Marxist dream starts with a vastly more fascist state right here in America. Fascism is when government leaders get control of business, military and the media.
Obama Junior’s self written autobiography is titled, DREAMS OF FROM MY FATHER. So, don’t tell me otherwise. You might have a lot of buyer’s remorse about having elected him when you realize you have helped elect an anticolonialist fascist that wants to ruin America with Marxism and socialism that can only hurt free enterprise.
Obama's raise the taxes on the rich campaign is pure class warfare right out of the Marxism and communism books. Talk about killing the “goose that laid the golden egg.” "Obama the job loss pesident" does not know the first thing about how to grow the economy.
The power elite world banksters plan is to control us by ruining the value of the money thereby weakening our morals and fortitude. Then they plan rob us of our freedom and make us pawns in their game. They don't care how long it takes. Big government control is what they want. That is why I joined the Libertarian Party. Libertarians believe in small government. Contract out as much as government as possible to the lowest bidder, but keep a military. Free enterprise is the only solution.
Don't trust the Federal Reserve. They are not accountable, subject to an audit, federal or a reserve of anything. They are not even a bank. You can't walk in and open an account. Who owns their stock? It is not traded on any exchange. The Federal Reserve is an agent for the world power elite and money banksters: Rothschilds, Morgans, Goldmans, Warburgs? Who knows who?
There are some 1,500 financial power elite families.
Some power elite are definitely on a nefarious 100 year-old scheme to bring the once strong America down by ruining the U.S. money, morals and mentality. They did the same thing in the 1930’s depression. They slowed down lending then foreclosed on everyone they could and got richer in the process.
The dollar of 1913 is now only worth two cents. The U.S. dollar will be strong on the world markets in the next five years. This is so the 1,500 or so families with all the money, the Anglo financial power elite, can catch everyone else investing in the wrong assets at the wrong time and have world control of the money and a one-world government/new-world-order. Complete “Big Brother” Orwellian control of people cradle to grave. Since, most of their money is in the U.S. they will ensure the dollar stays strong as the reserve currency of the world. Inflation will not come roaring back. Stocks, bonds, gold, silver and real estate prices won’t go to the moon.
The Anglo financial power elite have sold their real estate by now and are probably in an all cash position dumping stocks, bonds and commodities. They will be buying back these assets at a 90% discount in 2016-2018. You had better start saving your cash and safeguarding your LIBERTY or you won't have any of either.
The Federal Reserve, the World Bank, the International Monetary Fund, other countries central banks and the United Nations are all participating partners of this new-world-order plan. The IMF, in particular wants to be Big Brother. Now, the President of the United States, Barack Hussein Obama is joining the conspiracy on a Marxist mission to make America pay for invading, occupying and looting third world nations. Socialist-leftist ideas causing the business community to be afraid to hire, borrow, lend, buy, lease or expand. They are uncertain, unsettled and frozen with fear.
First financial freedom goes then freedom of speech - thereby foreclosing free will and liberty. I am serious. We are being duped. WE HAVE BEEN LIED TO! This TYRANNY is TREASON. Read the book THE CREATURE FROM JEKYLL ISLAND – A Second Look at the Federal Reserve by G. Edward Griffin 1994, if you don't believe me. Every word is true!
What is deflation? It is the de-leveraging of the 100 years of credit inflation and bank and corporate bailouts. Credit inflations always crash. The credit deflation goes much faster on the way down than on the way up. It picks up speed and size the way a snowball rolls down a hill.
The GREATER DEPRESSION started in 2000 with the dot com stock crash. We are only halfway through it. The real trying times are yet to come! If private gold back money is not created we may get future hyperinflation. First everything deflates. You can’t stop a pendulum from swinging all the way! Stop all the bank bailouts!
Copyright 2010 by Delwyn Lounsbury - THE DEFLATION GURU
Use of this article allowed with attribution back to:
http://www.deflationeconomy.com
Thomas Jefferson said in 1802:
I believe that banking institutions are more dangerous to our liberties than standing armies.
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered.'
BANK BAILOUTS
The following is from Elliott Wave International. Hurry & Join!
Quadrillion Dollar Debt: 'Day of Reckoning' Looms
What Will Happen as $1,000,000,000,000,000 in Global Debt Winds Down?
July 22, 2010
By Elliott Wave International
The biggest balloon in the world is deflating.
This balloon had been inflated with a quadrillion (1015) dollars, which is to say: This balloon was filled not with air but with debt from around the globe.
What will happen as this global debt winds down? In two words: Deflationary Depression -- the likes of which could be unprecedented in history.
Want to Know How to Prosper in a Deflationary Depression?
If you haven't yet given Robert Prechter's deflation argument your full attention, you should know now that yesterday was the best time to do so. Download Prechter's 60-Page Guide to Understanding Deflation here.
A thousand trillion in debt can't be wished away or swept under the rug. No one can "forgive" the debt. The consequences of unwinding this debt could be as massive as the dollar figure itself.
We've heard plenty about the debt problems of Greece, Spain, Portugal and Italy.
But how about the world's second largest economy? Consider this fact reported in the Japan Times (July 8):
"Japan's government debts are the highest the world has ever seen, at 219 percent of gross domestic product, according to the International Monetary Fund."
Then there's the world's sixth largest national economy. In January 2009, Robert Prechter wrote this in the Elliott Wave Theorist:
"British banks have amassed $4.4 trillion worth of foreign liabilities, twice Britain's annual GDP. ... England, moreover, 'has not defaulted since the Middle Ages.' The possibility that it may do so again is yet another indication that the bear market is of ... (larger) degree, exactly as Elliott wave analysts have predicted all along."
Remember, Japan and Great Britain are major world economies. Imagine what the debt totals would look like in a line-item analysis of other nations, regions, states, provinces and municipalities around the world, including the U.S.
De-leveraging will likely lead to a deflationary crash -- a "day of reckoning."
How can you prepare for a deflationary crash?
To start with, keep your money safe. As Bob Prechter mentions in the June 2010 Elliott Wave Theorist:
"Investors should be primarily in greenback cash and Treasury bills."
He also describes holdings which should be strictly avoided.
Want to Know How to Prosper in a Deflationary Depression?
If you haven't yet given Robert Prechter's deflation argument your full attention, you should know now that yesterday was the best time to do so. Download Prechter's 90-Page Guide to Understanding Deflation here.
This article, Quadrillion Dollar Debt: 'Day of Reckoning' Looms,was syndicated by Elliott Wave International. EWI is the world's largest market forecasting firm. Its staff of full-time analysts lead by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
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Bank Bailouts continued - Angloshere Financial Power Elite Collectivist Conspiracy (lead bank) - Bank International Settlements (BIS) Offices: Switzerland, Brussels, Hong Kong, México ... (also watch out for the World Bank and/or the IMF - International Monetary Fund that may take over the nefarious one-worldism New Dark Ages job for the United Nations).
Central Banks of the World ...
Afghanistan: Bank of Afghanistan
Albania: Bank of Albania
Algeria: Bank of Algeria
Argentina: Central Bank of Argentina
Armenia: Central Bank of Armenia
Aruba: Central Bank of Aruba
Australia: Reserve Bank of Australia
Austria: Austrian National Bank
Azerbaijan: Central Bank of Azerbaijan Republic
Bahamas: Central Bank of The Bahamas
Bahrain: Central Bank of Bahrain
Bangladesh: Bangladesh Bank
Barbados: Central Bank of Barbados
Belarus: National Bank of the Republic of Belarus
Belgium: National Bank of Belgium
Belize: Central Bank of Belize
Benin: Central Bank of West African States (BCEAO)
Bermuda: Bermuda Monetary Authority
Bhutan: Royal Monetary Authority of Bhutan
Bolivia: Central Bank of Bolivia
Bosnia: Central Bank of Bosnia and Herzegovina
Botswana: Bank of Botswana
Brazil: Central Bank of Brazil
Bulgaria: Bulgarian National Bank
Burkina Faso: Central Bank of West African States (BCEAO)
Burundi: Bank of the Republic of Burundi
Cambodia: National Bank of Cambodia
Cameroon: Bank of Central African States
Canada: Bank of Canada - Banque du Canada
Cayman Islands: Cayman Islands Monetary Authority
Central African Republic: Bank of Central African States
Chad: Bank of Central African States
Chile: Central Bank of Chile
China: The People's Bank of China
Colombia: Bank of the Republic
Comoros: Central Bank of Comoros
Congo: Bank of Central African States
Costa Rica: Central Bank of Costa Rica
Côte d'Ivoire: Central Bank of West African States (BCEAO)
Croatia: Croatian National Bank
Cuba: Central Bank of Cuba
Cyprus: Central Bank of Cyprus
Czech Republic: Czech National Bank
Denmark: National Bank of Denmark
Dominican Republic: Central Bank of the Dominican Republic
East Caribbean area: Eastern Caribbean Central Bank
Ecuador: Central Bank of Ecuador
Egypt: Central Bank of Egypt
El Salvador: Central Reserve Bank of El Salvador
Equatorial Guinea: Bank of Central African States
Estonia: Bank of Estonia
Ethiopia: National Bank of Ethiopia
European Union: European Central Bank
Fiji: Reserve Bank of Fiji
Finland: Bank of Finland
France: Bank of France
Gabon: Bank of Central African States
The Gambia: Central Bank of The Gambia
Georgia: National Bank of Georgia
Germany: Deutsche Bundesbank
Ghana: Bank of Ghana
Greece: Bank of Greece
Guatemala: Bank of Guatemala
Guinea Bissau: Central Bank of West African States (BCEAO)
Guyana: Bank of Guyana
Haiti: Central Bank of Haiti
Honduras: Central Bank of Honduras
Hong Kong: Hong Kong Monetary Authority
Hungary: Magyar Nemzeti Bank
Iceland: Central Bank of Iceland
India: Reserve Bank of India
Indonesia: Bank Indonesia
Iran: The Central Bank of the Islamic Republic of Iran
Iraq: Central Bank of Iraq
Ireland: Central Bank and Financial Services Authority of Ireland
Israel: Bank of Israel
Italy: Bank of Italy
Jamaica: Bank of Jamaica
Japan: Bank of Japan
Jordan: Central Bank of Jordan
Kazakhstan: National Bank of Kazakhstan
Kenya: Central Bank of Kenya
Korea: Bank of Korea
Kuwait: Central Bank of Kuwait
Kyrgyzstan: National Bank of the Kyrgyz Republic
Latvia: Bank of Latvia
Lebanon: Central Bank of Lebanon
Lesotho: Central Bank of Lesotho
Libya: Central Bank of Libya
Lithuania: Bank of Lithuania
Luxembourg: Central Bank of Luxembourg
Macao: Monetary Authority of Macao
Macedonia: National Bank of the Republic of Macedonia
Madagascar: Central Bank of Madagascar
Malawi: Reserve Bank of Malawi
Malaysia: Central Bank of Malaysia
Mali: Central Bank of West African States (BCEAO)
Malta: Central Bank of Malta
Mauritius: Bank of Mauritius
Mexico: Bank of Mexico
Moldova: National Bank of Moldova
Mongolia: Bank of Mongolia
Montenegro: Central Bank of Montenegro
Morocco: Bank of Morocco
Mozambique: Bank of Mozambique
Namibia: Bank of Namibia
Nepal: Central Bank of Nepal
Netherlands: Netherlands Bank
Netherlands Antilles: Bank of the Netherlands Antilles
New Zealand: Reserve Bank of New Zealand
Nicaragua: Central Bank of Nicaragua
Niger: Central Bank of West African States (BCEAO)
Nigeria: Central Bank of Nigeria
Norway: Central Bank of Norway
Oman: Central Bank of Oman
Pakistan: State Bank of Pakistan
Papua New Guinea: Bank of Papua New Guinea
Paraguay: Central Bank of Paraguay
Peru: Central Reserve Bank of Peru
Philippines: Bangko Sentral ng Pilipinas
Poland: National Bank of Poland
Portugal: Bank of Portugal
Qatar: Qatar Central Bank
Romania: National Bank of Romania
Russia: Central Bank of Russia
Rwanda: National Bank of Rwanda
San Marino: Central Bank of the Republic of San Marino
Samoa: Central Bank of Samoa
Saudi Arabia: Saudi Arabian Monetary Agency
Senegal: Central Bank of West African States (BCEAO)
Serbia: National Bank of Serbia
Seychelles: Central Bank of Seychelles
Sierra Leone: Bank of Sierra Leone
Singapore: Monetary Authority of Singapore
Slovakia: National Bank of Slovakia
Slovenia: Bank of Slovenia
Solomon Islands: Central Bank of Solomon Islands
South Africa: South African Reserve Bank
Spain: Bank of Spain
Sri Lanka: Central Bank of Sri Lanka
Sudan: Bank of Sudan
Surinam: Central Bank of Suriname
Swaziland: The Central Bank of Swaziland
Sweden: Sveriges Riksbank
Switzerland: Swiss National Bank
Tajikistan: National Bank of Tajikistan
Tanzania: Bank of Tanzania
Thailand: Bank of Thailand
Togo: Central Bank of West African States (BCEAO)
Tonga: National Reserve Bank of Tonga
Trinidad and Tobago: Central Bank of Trinidad and Tobago
Tunisia: Central Bank of Tunisia
Turkey: Central Bank of the Republic of Turkey
Uganda: Bank of Uganda
Ukraine: National Bank of Ukraine
United Arab Emirates: Central Bank of United Arab Emirates
United Kingdom: Bank of England
United States: The Dirty Nasty Stinky Fed, Federal Reserve Bank of New York
Uruguay: Central Bank of Uruguay
Vanuatu: Reserve Bank of Vanuatu
Venezuela: Central Bank of Venezuela
Vietnam: The State Bank of Vietnam
Yemen: Central Bank of Yemen
Zambia: Bank of Zambia
Zimbabwe: Reserve Bank of Zimbabwe