The Financial Crisis Was Foreseeable … Thousands of Years Ago
Everything Happening Now Was Foreseen Thousands of Years Ago By Economists and Military Strategists
We’ve known for 4,000 years that debts need to be periodically written down, or the entire economy will collapse. And see this.
We’ve known for 2,500 years that prolonged war bankrupts an economy.
We’ve known for 1,900 years that rampant inequality destroys societies.
We’ve known for thousands of years that debasing currencies leads to economic collapse.
We’ve known for hundreds of years that the failure to punish financial fraud destroys economies.
We’ve known for hundreds of years that monopolies and the political influence which accompanies too much power in too few hands is dangerous for free markets.
We’ve known for hundreds of years that trust is vital for a healthy economy.
We’ve known since the 1930s Great Depression that separating depository banking from speculative investment banking is key to economic stability. See this, this, this and this.
We’ve known since 1988 that quantitative easing doesn’t work to rescue an ailing economy.
We’ve known since 1993 that derivatives such as credit default swaps – if not reined in – could take down the economy. And see this.
We’ve known since 1998 that crony capitalism destroys even the strongest economies, and that economies that are capitalist in name only need major reforms to create accountability and competitive markets.
We’ve known since 2007 or earlier that lax oversight of hedge funds could blow up the economy.
And we knew before the 2008 financial crash and subsequent bailouts that:
- The easy credit policy of the Fed and other central banks, the failure to regulate the shadow banking system, and “the use of gimmicks and palliatives” by central banks hurt the economy
- Anything other than (1) letting asset prices fall to their true market value, (2) increasing savings rates, and (3) forcing companies to write off bad debts “will only make things worse”
- Bailouts of big banks harm the economy
- The Fed and other central banks were simply transferring risk from private banks to governments, which could lead to a sovereign debt crisis
Given the insane levels of debt, rampant inequality, currency debasement, failure to punish financial fraud, growth of the too big to fails, repeal of Glass-Steagall, refusal to rein in derivatives, crony capitalism, an endless war on terror, and other shenanigans … the financial crisis was entirely foreseeable.
The Financial Crisis Was Foreseeable … Thousands of Years Ago was originally published on Washington’s Blog
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Charley……..we beleive you!!! neil garffiled has been preaching this since 2009. he was a lawyer and judge and understood this but had retired. So when in 2008 the sheet was hitting the fan he came out of retirement and starting educationing us. when wells fargo kept losing my paper work making me re fax 100’s of times i felt alone and vunerable. this wa june/july 2009. this continued through jan 2010. i frinally found neils web site 12/2009. The black hole is what came up in my google search. i was told my paper work was getting faxed to ashredder. this led me to all the other web sites.
my feeling on this whole situation, is we can beleive you but it is the judges in our counrty that need to be educated. these judges all went to law school 20-25 years ago, the foreclosures of today involving securitizations is not the cut and dry foreclosures they learned about. these judges do not even understand securitization. The county courts dont care. they rule for the bank and feel if the homeowner doesnt agree with my ruling they can appeal. making more money for the state. they do not care about how the homeowners were fooled into giving their signature. they do not care we were all given liar loans and approved for mortgaes we could never afford. they only care we did not pay. it doesnt matter for me for instance, i was current. i was told by wells fargo not to pay. induced into default.
so if we all want to help we need to come up with a letter we all signe it , electrinically is ok and send to every judge in the united states. until we educate the judges. nothing will change. it seems we keep having summary judgement reversals. the judges refuse to accept they do not understand this securitization proccess. and they are not ruling appropriatey if in florida there 2 reversals. of sj on the same day????
so charley i gladley elect you as our general assembly leader. write a letter includind all the info you have written
post it here
once the letter is posted we each copy and paste it to a reply add our names city, state and after a few days if we have at least 20, but 5o signatures would be better. 1 signature from each state. we copy and paste it to our own word program and send it out out to each state county cheif judge.
this education is important. how do we educate but be politically correct is the issue. these judges who do not understand should not be ruling. i know some guy in ohio who went to his SJ hearing and teh judge refused to rule. gave him more time for rebuttal. we both have the same robo stamper joan m mills from wells fargo bank. Florida judges feel they must get these foreclosures through and rule even if they do not fully understand their rulling. well let me know think we need to get this info tio the judges
HELLO EVERYONE, IT’S TIME TO WAKE UP TO THIS SMOKE SCREEN OF THE LIES AND DECEPTION OF THE MEDIA!!!
AMERICAN PEOPLE PLEASE STOP KILLING YOURSELVES!
IT’S YOUR HOME, NOT FANNIE, FREDDIE, STATE, GOVERNMENT, AND ESPECIALLY PRETENDER SERVICER BANKS!
STOP LETTING THESE BANKS CON YOU B/C THEY WANT YOU TO KILL YOURSELF AND BE CONF– USED. IT MAKES THEIR FRAUD EASIER.
THOSE 25 SUBPRIME BANKS THAT ORIGINATED ALL OF THESE MORTGAGES HAVE SOLD THOSE LOAN MORTGAGES TO WALL STREET FIRST, B/C YOUR SIGNATURES CREATED THE MONEY FOR THE WALL STREET STOCK MARKETS TO BE PLEDGE OVER AND OVER AGAIN.
YOUR BANK HAVE BEEN OUT OF BUSINESS FOR YEARS HAD THE ONLY RIGHT TO FORECLOSE ON YOU AND NO ONE ELSE…
B/C THAT CONTRACT WAS BETWEEN YOU AND YOUR LENDER, NO OTHER BANK, AND ESPECIALLY NOT A 3rd PARTY BANK. CHECK YOUR DEED OF TRUST.
THE STATUE OF LIMITATIONS FOR YOUR LENDER TO COLLECT A DEBT FROM YOU IS 3-4 YEARS. THEY’RE GONE OUT OF BUSINESS, BANKRUPT, & HAVE MISSED THAT BOAT TO COLLECT B/C THEY WERE PAID WHEN THEY SOLD YOUR MORTGAGE TO WALL STREET.
SO YOUR SUBPRIME LENDER COULDN’T GIVE YOU A NOTICE DEFAULT.
B/C YOUR SUBPRIME BANK LOST THE RIGHT TO 4CLOSE B/C THE PROMISSORY NOTE WAS CONVERTED TO STOCK AS A SECURITIZED ASSET BACKED RECEIVABLES CERTIFICATE IN THE SEC BY YOUR LENDER WAS PLACED INTO A TRUST OF OTHER 2000-5000 CERTIFICATES FOR WALL STREET AS A REMIC.
SO IT’S ABSOLUTELY IMPOSSIBLE FOR THESE OTHER PRETENDER SERVICER BANKS TO GET A VALID CHAIN OF ASSIGNMENT B/C THE PROMISSORY NOTE WAS CONVERTED TO STOCK AND DESTROYED, WHICH IS NOW VOID, B/C YOUR CONTRACT WAS BREECHED.
THE PLOT: THAT’S WHY THE ONLY EXISTING PRIME BANKS ARE ROBO SIGNING FRAUD DOCS, SOS, AOFDOT, TS, SOTDOT, CONSPIRING WITH MERS, RECONTRUST, AND TRUSTEE FRAUD ARE WRONGFULLY 4CLOSING ON ALL THE CLOSED SUBPRIME BANKS AND CLOSED TRUST OF THE SUBPRIME BANKS TO COLLECT THE FHA MORTGAGE INSURANCE THAT THE GOVERNMENT WILL PAY IN THE EVENT OF A DEFAULT 70-80% VALUE OF THE HOME.
BTW IN THE PSA STATES THE TRUSTEE AND BANK SERVICERS CAN’T TAKE PROPERTY AFTER THE CLOSE DATE. THAT’S A VIOLATION OF THE PSA AGREEMENT.
BUT THE TRUSTEE ARE DOING IT BY HIDING YOUR NON EXISTENT BANK BY FORECLOSING ON YOU AS A TRUSTEE.
A HINT TO SPOT THIS, EXAMPLE AT THE END OF THE TRUSTEE YOU’LL SEE A YEAR AND INITIALS OF THAT RESPONSIBLE LENDER BANK 2005- FR-5 WHICH MEAN FREMONT BANK 2005. ALSO IF IT SAYS SECURITIZED ASSET BACKED RECEIVABLES ONLY PROVES YOUR MORTGAGE WAS SECURITIZED.
ALSO 2005 MEAN THAT’S THE YEAR YOUR TRUST WAS CLOSED, AND THAT BANK SERVICER AND TRUSTEE ARE 5 YEARS TOO LATE TO STEAL YOUR HOME. SO CHECK FOR THE YEAR AND INITIALS OF YOUR BANK.
THAT’S WHY NO ONE WILL GET A REMOD B/C THE PRIME BANKS NEVER HAD YOUR MORTGAGE ASSIGNED TO THEM, AND THEY MAY CON YOU INTO A SHORT SALE.
CAUTION, SO IF YOU DECIDED TO GET A REMOD THEN YOU JUST OPENED UP A NEW CAN OF WORMS.
THESE BANKS WERE ALREADY BAILED OUT IN 2008 BY THE TARP, AND THEY STILL BREAK LAWS AND VIOLATE THEIR CONSENT ORDERS AND DON’T PRACTICE FAIR BUSINESS, BUT THEY STILL CONSPIRE MORE FRAUD AGAINST YOU.
IT WON’T STOP UNTIL YOU WAKE UP AND BLOG THIS TRUTH TO EVERYONE, A FRIEND, FAMILY MEMBER, AND STOP BEING RAILROADED BY THE BANKS FRAUD.
— USE YOUR COMMON SENSE DON’T BE MISLEADED, AND UNDERSTAND THIS GAME B/C WHEN WE ALL WAKE UP IT WILL STOP.
REMEMBER THERE WAS NEVER ANY MONEY B/C IT WAS CREATED OUT OF THIN AIR BY YOUR SIGNATURE & YOUR ORIGINAL LENDER.
YOU NEVER SAW THIS MONEY…
IT’S AGAINST THE LAW FOR A BANK TO LOAN YOU MONEY. SO THEY DON’T.
THEY CREATED THE MONEY BY TAKING YOUR SIGNATURE TO THE FEDERAL RESERVE AND WAS PAID AGAIN BY DOING THAT.
THESE BANKS WERE PAID MANY OF TIMES AND THIS GREED WON’T STOP.
NOW WAKE UP TO THIS GAME…
THIS IS HOW THESE BANKS GET YOU IS THAT YOU PAY THE INTEREST RATE WHICH IS MORE THAN THE AMOUNT THAT YOU SIGNED FOR.
SO IN THE LONG RUN YOU WILL RUN OUT OF MONEY B/C THAT INTEREST IS THE DEBT THAT ALL THE BANKS CREATED ON THE USA DEBT. IN ADDITION IT WON’T MAKE A DENT INTO YOUR PRINCIPLE.
THAT’S WHY YOU’LL BE A SLAVE TO THEIR DEBT, AND THAT”S WHY THEY MADE THE MORTGAGE UPSIDE DOWN TO STRIP AWAY YOUR FUNDS B/C THEY WERE NEVER FOR YOU TO WIN, JUST TO FAIL…
THAT’S WHY THEY GET RICH FROM YOUR INTEREST RATE PAYMENTS, AND — USE FRAUD TO STEAL YOUR HOME TO LEAVE YOU HOLDING A BAG AND A STICK HOMELESS.
WAKE UP AND CHECK YOUR DOCUMENTS FOR BACKDATING AND ROBOSIGNING!!
B/C IF YOUR SUBPRIME LENDER BANK IS OUT OF BUSINESS THAT MEAN YOUR MORTGAGE WAS SECURITIZED, AND YOUR HOME IS FREE AND CLEAR!!
THAT’S WHY THE BANKS ARE TRYING TO STEAL THEM BACK…
AMEN !
Indeed – it is a very old scam and it’s been done over and over again. Banksters ev entually plunge workers into debt. Leave them owing more on their houses than the structures are worth, steal their assets and then throw them away. We aren’t seeing anything new these days, other then perhaps the use of more information technology to hide the fraud, and of course the pervasive amount of corruption at the Federal Level. Change is going to have to come from us.
And for all those out there on this site who stood in total dismissal of what was being told relentlessly over and over and over again….now come weeping and crying with their sad stories of rape and pillage. There were warnings (By Ivent and others) and you ridiculed them and tormented them. It’s not just SHAME ON YOU to the politicians; it’s SHAME ON YOU that turned your backs on the truth. Were it not for heros like Michael & Lisa you all would be lost in a sea of hopelessness. They opened the door to the truth and as others passed through that door it remained opened. Now it’s a huge gaping hole in the wall and soon that wall will come down. I am God’s warrior and the truth will prevail.
Well, at least 100 years ago, After the federal reserve was adopted in stead of “Congress shall have power to coin money and regulate the value thereof”.