“Overthrow the Government” | Paul Craig Roberts: “The Whole Thing Is a Fraud”


The Market Ticker – Paul Craig Roberts: “The Whole Thing Is a Fraud”

For those who don’t know who this is, this is a former assistant Treasury Secretary under President Reagan and former editor of The Wall Street Journal.

Among things he said:

On what recourse for the ordinary people exists: “Overthrow the government …. and put these people in jail.” (!)

“(Would default be “catastrophic”? – Max)  PCR: Catastrophic for who?  The American bankers?

We think we have democracy…… but where is the democracy?

He’s also on the same page as I am with offshoring and its consequences.

Call him a kook?  Uh, maybe not.

Take the 25 minutes.  It’s important.



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26 Responses to ““Overthrow the Government” | Paul Craig Roberts: “The Whole Thing Is a Fraud””
  1. Tim Bryant says:

    “There are, in the body politic, economic and social, many and grave evils, and there is urgent necessity for the sternest war upon them. There should be relentless exposure of and attack upon every evil man whether politician or business man, every evil practice, whether in politics, in business, or in social life. I hail as a benefactor every writer or speaker, every man who, on the platform, or in book, magazine, or newspaper, with merciless severity makes such attack, provided always that he in his turn remembers that the attack is of use only if it is absolutely truthful.” – Teddy Roosevelt

  2. Andre says:

    I just want to sell my house for 30k and move to South America.

  3. Tim Bryant says:

    A little off topic, but relevant to the story….If you are wondering why the “Trustees” of Social Security say it is insolvent, just look at the list of who the trustees are. Geez, I wonder where the money went?


  4. Tim Bryant says:

    We have discussed how the system is corrupt because of campaign contributions. The US Supreme Court deemed companies “citizens”. I would like to toss out that the OCC claims that banks are NOT citizens, as they would be subject to state law…


    They won this argument. Now that the US Supreme Court has stated THEY ARE citizens of states they operate, does this now imply that National Banks as citizens of the states they operate, lose the Federal pre-emption from state regulation?

  5. Tim Bryant says:

    FBI press release. Read it all. If this was done by financial institutions it would not be a crime, it would be “securitization”…..our government really sucks!!!

    Department of Justice Press Release

    For Immediate Release
    May 24, 2011 United States Attorney’s Office
    District of Minnesota
    Contact: (612) 664-5600
    Federal Jury Convicts Burnsville Man of Bilking Mortgage Lenders Out of More Than $43 Million

    MINNEAPOLIS—Earlier today in federal court in St. Paul, a jury convicted a 44-year-old Burnsville man of conspiring with others to bilk mortgage lenders out of more than $43 million. Following a six-day trial, the jury found Troy David Chaika guilty on seven counts of wire fraud, three counts of mail fraud, and one count of conspiracy to commit wire fraud and mail fraud. Chaika was indicted on April 12, 2010.

    The indictment filed in this case and the evidence presented at trial indicated that between 2005 and 2008, Chaika conspired with others, including Dustin Lee LaFavre, prosecuted in a separate action, to obtain money fraudulently through over 100 residential property transactions. To further this scheme, Chaika and LaFavre negotiated with builders of new properties as well as owners of existing properties to buy both single pieces of property and property groupings, known as “bulk purchases,” at greatly reduced prices. Chaika and LaFavre then solicited real estate purchasers by promising they would receive large cash pay-outs, or “kickbacks,” from lenders’ funds.

    Chaika and LaFavre failed to tell potential buyers about the reduced prices they had negotiated for the properties, choosing instead to quote them the grossly inflated prices. By charging buyers the higher prices, Chaika and LaFavre acquired enough cash from loan proceeds to pay buyers their kickbacks and still have money left for themselves and their co-conspirators. Once a potential buyer was recruited through this scheme, Chaika and LaFavre, or someone working on their behalf, drafted a purchase agreement that reflected the inflated sale price only and failed to disclose to lenders the kickback amount to the buyer. Occasionally, Chaika, LaFavre, or someone working for them drafted a so-called addendum to the purchase agreement, setting forth the planned kickback, or “pay-out,” to the buyer, but that document was never provided to the lender.

    In several instances, Chaika and LaFavre, or others on their behalf, worked with buyers and mortgage loan officers to prepare false documents for use in the application process. In addition, Chaika and LaFavre sometimes loaned buyers money for down payments or to pad their bank balances while the application process was pending. Because of those material misrepresentations, numerous lenders agreed to fund mortgage loans for the purchase of the residential properties. Furthermore, after the mortgage loans were secured, property title companies prepared documents and handled closings based on the fraudulent information provided by Chaika and LaFavre or others on their behalf. Again, those misrepresentations were material.

    In furtherance of this scheme, Chaika prompted no fewer than seven wire transfers of loan proceeds from which he and others obtained cash kickbacks. He also caused false documents to be sent through the U.S. mail and by commercial carriers on at least three occasions.

    For his crimes, Chaika faces a potential maximum penalty of 20 years in federal prison on each count. United States District Court Judge Richard H. Kyle will determine his sentence at a future hearing, yet to be scheduled. On December 7, 2009, Dustin Lee LaFavre pleaded guilty to one count of conspiracy and awaits sentencing.

    This case is the result of an investigation by the Federal Bureau of Investigation and the U.S. Postal Inspection Service. It is being prosecuted by Assistant U.S. Attorneys Nancy E. Brasel and David M. Genrich.

    This law enforcement action is in part sponsored by the interagency Financial Fraud Enforcement Task Force. The task force was established to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes. It includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement resources. The task force is working to improve efforts across the federal executive branch and, with state and local partners, investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes.

  6. Tim Bryant says:

    Whoa, check this out. Another settlement with no admission of liability….imagine that!!! HUD settles with US Bank for $1.2 million (that is not a misprint)…. http://www.dsnews.com/articles/us-bank-agrees-to-pay-12m-in-hud-settlement-2011-05-24

  7. Tim Bryant says:

    I’m in !!!!

  8. l vent says:

    Please check out the latest Keiser report. Today Max and Stacey dicuss the ongoing reign of financial terrorism by the foreign owned oligarchs. Max has a great guest today speaking about the vast ongoing foreign multinational criminal enterprise who have hijacked America with all of their bad debt they create to enslave humanity with. The topic in the second half of the show is all about Goldman Sucks and their ongoing toxic wasteland of bad risks that they sell to their investors and how they gamble against their own garbage that they create to short sell and get rich off of their own clients. .evil bastards!!! Death to the foreign tyranny!!!!!!

  9. l vent says:


  10. Correction: Sentence should read, ” I believe that all the HYPE about bringing Lawsuits may not be coming a reality. Still aseep at the wheel here this morning.

  11. All we can do is keep spreading the word. There is NOT MUCH media coverage, and this amazes me. Along time ago,,,, a very wise man warned me that the news media was not our friends, That wise man was dad. I am a fighter and I have stopped using BANKS for a couple of years now. I keep preaching the facts and people look at me like I AM NUTS. I believe that all the HYPE about being LAWSUIT may NOT be coming a really. I do see that some states are following the LAW. We now, have two (2) more states quashing the MERS
    BULLS- – -.assignments. The settlement does NOT have to STOP our personal LAWSUITS. There is several avenues to proceed in court. JUST DO IT. Strength is in NO.’s and like FLORIDA, they have a backload of court foreclosures. They can’t just OVERNIGHT take away our right to DUE PROCESS. I do have personal knowledge that in Indiana when the Legistration passes a NEW LAW it is MOST ALWAYS RETROACTIVE, so if they put forth a NEW LAW to shut us out, you can be certain it will apply to the PAST, PRESENT, and FUTURE. Time is of the ESSENCE for people to fight. Sue everyone. If I lose, on the filings in today, I am filing more complaints. There are so many issues , and so many angles to address. Federal law states that the rulings are based on the Original Complaint, but, if you are pro-se the rules are relaxed and anything that you submitted to the court , after the filing ,will be allowed for review, whether in the complaint , or amendment time for complaint has passed., will be a part of the complaint, and considered in the interest of a just result. Lawyers won’t fight for you, so you have to file yourself. Very little is reported in the media here in New Jersey.
    Most people are just not interested. Until their rights are gone, will they wake up. SHAME.

    • Binkey says:

      I think it very amazing how they can just steal anything they want from, the man across the street from keeps having another real estate company send me mail asking if he can buy my property. Of course I will not bite this offer because crook I am not, I just want to stay in my home. So last Thursday, I was sharing the information with my neice and apparently Vern Harris was standing out side my kitched windown snooping of course while I was speaking to hear. Later on I go get in the bed and I hear all this shouting from across the street, yes I want everything you have I want to take everything you own away from you. You can take a lot of things but you could never take my intergritiy….and one thing I don’t do is take advantaged of other people in order to make myself look good, and feel good about who I am….Money does not make a man, a man makes money….You egostistacal idiot. Please do what ever it take because in end or should I say at the end of this you will suffer much worse than I am today. I believe you think you are a God….notice I did not say GOD because you are so very wrong and he does not do things to people that you and your cronies are doing. So I will be laid back in the cut and don’t forget this is not over because I can not forge a signature or change a document to read the way I want it too and then sign someone else’s name to it. That is not my job or the way I would want to do things anyway. And last but not least we do have to take this matter up at the polls, remember a month or maybe three weeks ago I spoke of a one world order…..Here it is being mentioned again, people need to wake up and look at what our leaders are doing all for the “Almighty Dollar” cash money. Stop all your friends and families from making new purchase to buy homes, tell their is definetly a new sheriff in town and we want our power back, this will keep the price dropping and the interest rates low and once the banks realize that we will not tolerate their losing documents or them shuffling and lying about paperwork. Entering people homes in the neighborhoods they live in with out their knowledge taking documents and replacing them with document that have been signed by the robo signers that ofter times change the amounts on check stubbs and contract paperwork. Everything entered into the courts were a frauded and the judges failed to acknowled it. Last week I found a copy of the documents I was supposed to have submitted to courts in response to a letter the broker signed, all of sudden the records are sealed. What do you think is wrong with this picture?????

  12. Dahotruth says:

    Well, despite being a lifelong conservative….I believe history shows it was Regan’s strong dollar policy that largely chased American manufacturing overseas….notwithstanding the fall of the Berlin Wall he also ran up deficits that were unprecedented at the time. The problem with Keynsian economics is that “politicians” will NEVER make the hard/unpopular choices necessary(e.g. increase taxes when times are good so they can reduce them when times are bad). Now the states, who have been fed increasing amounts of crack(money) from Washington, overtime becomig dependant on it…. are suddenly being faced with huge reductions in “supply” at a time when the state budgets are a mess. So the states are going to keep more of that crack($$$) at the state level and send less and less downstream to the counties and municipalities. Inevitably it will be the counties and cities that have to file Bankruptcy, default on municipal bonds, recognize that they can’t continue to increase property taxes when values have plummetted. Their budgets are not built to handle the size of reduction in funding they are going to see…..bankruptcy at the county and city level is much more preferable than a state or federal default. Look for the secession talk to start heating up again in TX and elsewhere…..term limits and no retirement for all politicians, a return to the citizen servant would be a good first step. Career politicians and TBTF financial institutions that “own” the peoples representatives is what we have degenerated to ….. 1 out of 7 on food stamps? 47% of American’s pay NO tax? We need to get people as well as politicians off the dole. The other 50% of us who work and pay all the taxes can’t carry the other half of the country forever….

  13. Hmmmm……..Do you hear the silence? Let each one talk under their breath……….

  14. l vent says:

    After watching Too Big to Fail tonight, I would like to see all of their heads blown off by a firing squad right in the middle of Times Square and I would like that to be televised worldwide….they should throw George Bush in there and all of his evil war mongering cohorts with him along with his last three predecessors who aided and abetted in these financial crimes. and Congress, too. Throw all of the politicians both Republicon and Demorat in there in front of a FIRING SQUAD with the bankster CEO’s, the WALL STREET CEO’s the past and present heads of FANNIE MAE AND FREDDIE MAC, the present and past Fed and Treasury heads. We have lost our jobs, our homes, our businesses, our life savings while they ALL PARTY ON IN ARROGANCE AND STILL BLAME THE VICTIMS FOR SPENDING TOO MUCH FOR A HO– USE. I DID NOT BUY A HO– USE I COULD NOT AFFORD. THEY BUNDLED UP A FEW GOOD LOANS WITH A LOT OF BAD. AND PUT ALL OF US ON THE MORTGAGE FRAUD TITANIC. IT WAS STRATEGIC, INTENTIONAL NAZI CLASS WARFARE FROM ITS INCEPTION. THEY WANT A NATION OF RENTERS. SCREW THEM. OUR HOMES ARE PAID FOR BECA– USE OF THEIR PONZI SCHEME. I HOPE THEY ALL DIE THE HORRIBLE DEATH THEY TRULY DESERVE.. .I NO LONGER HAVE ANY FAITH OR CONFIDENCE IN THE U.S. GOVERNMENT OR IN ANY POLITICIANS FROM EITHER PARTY. THE BAILOUTS WERE DONE TO RESTORE INVESTOR CONFIDENCE IS WHAT THE TOO BIG TO FAIL MOVIE TRIED TO SAY. WELL THEY COMPLETELY DESTROYED THE AMERICAN PEOPLES CONFIDENCE IN THIS COMPLETELY CORRUPT GOVERNMENT. TOO MUCH MONEY IN THE HANDS OF A FEW HUNDRED GREEDY ELITE. I HOPE THEY ALL ROT IN HELL FOR ETERNITY.

    • I vent…I read the bailouts went to overseas investors that got screwed……but than again…so many lies have been said that now even the real truth is questioned. Maybe one way to shut the banks is to get rid of the Federal Reserve….money that is not backed up…banks figures would be worthless….Maybe that is why J P Morgan is wanting the gold in Afganistan..”..all the valuable ‘ minerals’ are in them there mountains…’……must be why we have been fighting them for 10 years or so…maybe to weaken them so J P Moran can start digging? They robbed this country with the help of the government and now the government is helping the fraud banksters rob Afganistan of their riches. Check out how they robbed Ecuador on the oil? Another scam…..another fraud….same method..

      • Catherine Mc Manus says:

        @Marilyn-you said it all in 6 words….
        “GET RID OF THE FEDERAL RESERVE “…..we have to remember John F Kennedy tried that-look what happened to him.
        The FED Reserve rules this Nation as a private (pirate) corporation !
        @IVENT-I would love to read your comments on the FED RESERVE.
        The United States of America should actually say UNITED STATES OF THE FEDERAL RESERVE CORPORATION.

      • l vent says:

        Hi Marilyn! Yes, Bloomberg had reported the names of all of the foreign banks that received huge the bailouts. I agree about the Fed. I have been screaming death to the Federal Reserve/Wall Street Tyranny and their ongoing criminal enterprise for months. I heard that there is a bank in Utah where you can deposit your gold an silver and get a debit card to spend your wealth electronically. A few other states are talking about doing this. I dont know if I like the electronic wealth part, but it is an attempt to break away from fiat currency. Obama talked about how cyberterrorism is one of our biggest national security threats. No shit. Thats how Wall Street and the Banksters pulled off the biggest Ponzi Scheme CYBER HEIST AND CYBER SWINDLE IN HISTORY. The entire foreign multinational oligarchy has to be broken up and sent packing.. There is way too much power in the hands of a few hundred mostly foreign elite assholes who want to own and control every nation and every person. The Foreign owned and operated Federal Government has hijacked America and they want to destroy America and our National Sovereignty. . They are the Federal Reserve, Wall Street and the big banks and they are using them as tools to commit massive financial terrorism and strategic Nazi class warfare. Talk about weapons of mass destruction.

    • John Anderson says:

      Hey I VENT, don’t hold back, say what you really feel about these wall street bastards, government corksuckers, & raping banksters who hire lawyers with less honor than crack whores, who use mill supplied ass wipe in court to impress mindless judges, whose only fear is that their state funded pension will go lower or evaporate into pixie dust, if they follow the law.
      It will make you feel better.

    • John R says:

      I vent…. whereas I appreciate your rage and abandonment of supposed moral and ethical principles in dealing with these thieves, charlatons, and every other negative superlative I can’t at the moment think of… I believe your lack of creativity in punishment of these same aforenamed criminals leaves a bit to be desired.

      The history of mankind is rife with some extremely inventive ways of dealing with those “less desired”… for instance…

      The Romans used to use drawing and quartering! True it does take 4 horses to do it the old way, but with modern hydraulics, I think this might be a great method of dealing with the bastards… and it would certainly not involve PETA! OR

      There’s always the electric chair and lethal injection… but that’s just too damned easy on them. the punishment should fit the crime… in pain.

      And everybody knows about the french doing it quick with a guillotene…

      The English did it publicly at the “storefront of theft” with a hanging in front of the place of theft!

      We Americans used to use the Tar & Feathers and then sit them on a railroad tie and carry them out to the woods and leave them there to die… we still, in this country do have a lot of woods!

      A little more diabolically… The iron mask technique… finally letting their facial hair eventually to choke them to death…

      One of my personal favorites (they illegally stole my house which I built single handidly and without the help of modern machinery) would be the method employed by Vlad the Impaler (better known for the role he inspired in the original book “Dracula”) which was of impaleing his victims, live, on stakes and letting them slowly die in public view. Interestingly, he found out that if he sharpened the stakes, his victims died sooner, so instead of sharpening he would dull them and then heavily grease them… whihc extended their lives by days! Merciful Vlad! He actually stopped an army of immense size, with this little trick, from invading his homeland! What a great example for future greedy global thieves.

      and finally, I am also kind of fond of killing them painfully, reanimating them… and then doing it again… ad infinitum.

      Since they used the best and the brightest that the educational industry could create, I think that we, as the victims, owe them the right to receive only the best and most creative techniques available to us in dealing with them.

      They gave us their best shot! We owe them the same!

      Think creative, think “out of the box”! or maybe into a box!

      And before you go thinking I’m way off base… I ask only that you remember… we, the masses, have been here before! What worked then? Why reinvent the wheel?

      • l vent says:

        Oh alrighty then, John R. Your plan of execution is WAYYYYYYYY more civilized. YOU THINK YOU ARE THE MORAL MAJORITY?????????? We The People have behaved way to civilized already for way too long. Whatever it takes. The most brilliant minds in America go to Fraud Street you say? What a pity these brilliant young people have to turn to a life of crime to acheive the AMERICAN DREAM. Death to the Tyranny! THE FOREIGN MULTINATIONAL FINANCIAL TERRORISTS gave us their best shot? NOW TIME WE THE PEOPLE FIRE AWAY.

  15. Lit Gant says:

    Overthrow the government?
    I would suggest we overthrow the banks. If people would just take their money out of these banks they would die like Jonah’s goard. No need for guns, bombs, NATO jets, or rebel freedom fighters. Just kill the banks. If the government does not step in, tell your employer you want paid in cash only on a 1099 and you will pay your own taxes and then don’t pay them. Then Obama cannot bail them out with our tax dollars. But these drastic measures will NEVER happen. We are addicted to ATM machines and BOA has so many millions on this electronic drug. The America system cannot be fixed. That is why the banks can take over and do as they want and both the Democrats and the Republicans will do nothing. We already know Obama has a billion dollars maybe two to win his second term. And the Republicans know they cannot get that kind of money from foreclosed home owners so they are making back-bank-room deals to stop legislations, buy off judges on the lower circuit levels, and hope to get their billon for some softie contender.

    Overthrow the government? Not until I first help others to put all the banks out of business.

    • l vent says:

      The whole Foreign owned and operated New World Order A/K/A the Federal Government needs to go. They ARE Wall Street, the big banks and the Federal Reserve, Big Pharma, The Military Industrial Complex, Big Oil and the large Foreign owned an operated Multinational Corps.. They are who has corrupted and hijacked America and our politicians. They are who hate our freedom and they have ALL of the WMD’s to do away with our National Sovereignty. They pose as America institutions, they are not. The war on terror is really the terror from within. They have infiltrated everything. They are hiding the head ot the snake.

    • l vent says:

      Lit Gant, You are right about the banks. The American people are brainwashed beyond belief. They do not realize these banks are foreign owned and operated multinational institutions posing as American institutions. That is how they got away with the mortage fraud Ponzi Scheme and the bailouts. They are not and were not American Institutions. People are shocked that foreign banks got the bailout money? That was the big lie, the grand deception, We bailed out the foreigners.AIG, GOLDMAN SUCKS, Fannie and Freddie are owed by these same Foreign Financial Terrorists. Chase and Bofa they are not American Institutions. People are fooled into thinking they are because of front names like Jamie Dimon and Brian Moynahan. Goldman Sucks is one of the biggest SMOM/VATICAN/JESUIT banking proxies in the world. They are hiding behind layers. People need to watch Too Big to Fail and really pay close attention to what they are saying and doing. The head of Lehman was outraged when the Fed wanted to throw them under the bus. Britain pulled the trigger on Lehman but it goes much deeper than that. Operating behind the scenes of this financial terrorism is the U.N./ New World Order and they are not who many might believe. Here are a couple great links to who is hiding behind the scenes and hate our freedom and our National Sovereignty: http://www.theforbiddenknowledge.com/hardtruth/jesuit_world_control.htm

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