The Federal Reserve is a Private Rothschild Bank Benefiting Private Rothschild Banks the World Over
I also detest those central bankers who constantly inflate the money supply and buy junk bonds. Why should the public be held liable for bad business loans? We did not approve of those risky loans, it was not our decision. In capitalism, you make a bad loan – you eat it pal. Fuck the Federal Reserve and the inflationists say I. I am not with them, they are bailing out criminal bankers who made bad loans. Screw all of them.
THE DAMAGE DONE BY THE FEDERAL RESERVE TO THE AMERIKAN PEOPLE IS INCALCULABLE
EVERY SAVINGS ACCOUNT HAS BEEN RAPED BY INFLATION OF THE MONEY SUPPLY
So as you can read I am not ready for unity consciousness as I am at war with others of my specie. We just finished the upwave of the Grand Supercycle, and it was the topping process that flowered the New Age movement. There is no way in hell the New Age idea of peace and love for all mankind is happening anytime soon. Now we are in the downwave, the collapse of civilization is upon us, a new dark age of censorship and persecution is just starting.
The weather is getting cold going into a solar minimum, a new little ice age will divide us even further. We know for a fact what happens when the weather cycle turns, because it happened with the Minoans and Romans. The barbarians sacked Rome several times after 200 A.D. Civilization fell under the black magic spell of Christ insanity, where it remained in a Dark Age for centuries. Do you hear me? Centuries of superstition and witch burnings are coming.
HOW COMPLETELY INSANE IS THE HUMAN SPECIE? WITCH BURNINGS ARE ONE EXAMPLE
ANOTHER IS WARS BASED ON FALSE FLAGS JUST SO SOME PRICKS MAKE THEIR DEFENSE STOCKS INCREASE IN PRICE
The earth doesn’t work without strife, there will never be a point in time when earth is not in turmoil. This is a most important concept to wrap your mind around, Earth is a torture planet and you are NOT here to learn life lessons or get soul growth, neither are you here being tested by God to get to heaven. You are here because you are program code spun into existence, and it is only an illusion that you matter or are important.
What LaRouche Dares Not Say Is That These Corrupt Banksters are ZIONIST Rothschild Banks Using Taxpayer Money to Bail Out Their Other Rothschild Banks All Over the World
PRESS RELEASE
Glass-Steagall Would Have Prevented the 2008 Crash
by Paul Gallagher, Economics Editor, EIR
Aug. 25, 2015 (EIRNS)—The following oped was written yesterday as part of the ongoing debate on reinstating Glass-Steagall. Bills to do that (S. 1709 and HR 381) are now before both Houses of Congress.
Former President Clinton merely repeated the excuse of his former Treasury Secretary Robert Rubin, who tells all who ask about Glass-Steagall, “It wasn’t being enforced; repeal made no difference.” In truth, it made all the difference in generating the 2007-08 bank panic.
Progressive elimination of Glass-Steagall over 1994-99 had dramatic effects on U.S. banking. The failure merely of a large hedge fund—Long-Term Capital Management—nearly broke the banking system in 1999 because 55 banks had poured leveraged loans into it—action not permitted to them under Glass-Steagall. The largest banks became impossibly complex, going from typically 1-300 subsidiaries to typically 2,500-4,000 subsidiaries, buying and creating what were overwhelmingly securities and broker-dealer vehicles. The derivatives markets exploded geometrically with the flow from depository giants, from about $70 trillion notional value in 1997 to $700 trillion in 2007 according to the Bank for International Settlements. The largest banks became entirely interconnected with one another, particularly through their mutual derivatives exposures—thus a Lehman could not fail without bringing down all the others. Their leverage ratios were allowed to rise from typically 16:1 to 30-35:1. Loans/leases assets fell to about half of total assets, while the banks became rapidly larger.
After being saved with bailouts which at one point reached $14 trillion according to former FDIC chair Sheila Bair, the largest banks’ lending fell; the whole banking system’s loan/deposit ratio fell to a historically low 70%.
FDIC vice-chairman Thomas Hoenig described the current situation in a May 6 speech at the Boston Economics Club: “The largest banking firms also have tended to increase their complexity. They have used the safety net subsidy to support their expansion across the globe. They have further combined commercial, investment banking, and broker-dealer activities. There have been no fundamental changes in the wholesale funding markets, in the reliance on bank-like money market funds, or in the use of repos, which all are major sources of volatility in times of financial stress. They remain excessively leveraged with ratios, on average, of nearly 22 to 1. The remainder of the industry averages below 12 to 1. The average notional value of derivatives for the three largest U.S. banking firms at year-end 2013 exceeded $60 trillion.”
The condition of the largest banks in London and the European Union is much worse. The trans-Atlantic banking system is headed for a general crash, unless we restore Glass-Steagall principles of regulation.
