Re: financial meltdown explained

feeds@yuku.com (o2bInvisible) — Fri, 13 Mar 2009 15:16:10 GMT

Protesters visit AIG officials' lavish Conn. homes

By JOHN CHRISTOFFERSEN, Associated Press Writer

Sunday, March 22, 2009

(03-22) 04:29 PDT Fairfield, Conn. (AP) --

Re: financial meltdown explained

feeds@yuku.com (Rokateman) — Fri, 20 Feb 2009 13:24:07 GMT

Sorry to be pedantic Stevie but the Bank OF England was nationalised by the Labour Government in 1946

Re: financial meltdown explained

feeds@yuku.com (stevieo64) — Fri, 20 Feb 2009 13:00:08 GMT

The Federal Reserve became the only lender of money to the US government in 1913 under President Woodrow Wilson and has remained so since. The Bank of England is privately owned {by same people who own the Fed}. Virtually every country in the world {including China and Russia}has a central bank owned by the same people. So in a nutshell virtually all the money in the world is lent out to governments by the same people. Back to the 1929 stock market crash, between 1929 and 1933, 40bn dollars...

Re: financial meltdown explained

feeds@yuku.com (Mondo Sinistro) — Fri, 20 Feb 2009 12:17:23 GMT

I didn't say it was not a problem. And I'm not at all surprised that the rich and powerful would design a system that serves their interests. But again, I ask you how it is that this same system was in place when the overall economy was working well, and when it was not. And the quote you just cited in fact draws attention to my claim--periods of inflation and depression occurred prior to the creation of the Federal Reserve, such as when Garfield was President, and in fact AFAIK...

Re: financial meltdown explained

feeds@yuku.com (stevieo64) — Fri, 20 Feb 2009 12:05:13 GMT

Hi Mondo, there's no secret to fractional reserve lending but what a crazy system, designed only to make a very few people extremely wealthy at the expense of the rest. Do you not see a problem with the Federal Reserve being privately owned by effectively the same people who own the Bank of England.

"Whosoever controls the volume of money in any country is absolute master of all industry and commerce... And when you realise that the entire system is very easily...

Re: financial meltdown explained

feeds@yuku.com (stevieo64) — Fri, 20 Feb 2009 11:40:50 GMT
O2binvisible, its such a radical and correct thing for a US president to do isn't it. Its almost too good to be true. How many billions in revenue will that create? Its a pity Gordon won't follow suit though, I don't think Eddie George will let him. What will Obama do next... scrap the Federal Reserve!

Re: financial meltdown explained

feeds@yuku.com (Mondo Sinistro) — Thu, 19 Feb 2009 17:47:01 GMT
A few days ago I started looking at these clips, although I've only seen part of it. I have to strike a contrarian note. I don't see what the fuss is about. I really don't. This is standard tin-foil-hat fodder, more Coast To Coast stuff. Let's just do a bit of a reality check. First of all, the Fed has been around for nearly 100 years now, and in that time we've had major changes in the way the economic system works. We've had periods of low interest rates, periods of...

Re: financial meltdown explained

feeds@yuku.com (o2bInvisible) — Thu, 19 Feb 2009 16:54:48 GMT
Breakthrough news !
The Swiss bank tax evaders and illegal funds types are in for an unpleasant development - a Swiss bank won't play that "game" anymore - here's a copy/paste from the New Your Times :

Tax cheats beware: Swiss bank UBS, accused by the U.S. of helping 17,000 Americans hide their cash from the IRS, is giving up the names of secret account holders as part of a deal to avoid prosecution that also includes paying a $780...

Re: financial meltdown explained

feeds@yuku.com (birgittesc) — Thu, 29 Jan 2009 14:38:24 GMT
Ah, the good old Money As Debt, a very good documentary indeed! For those interested in this subject, The Money Masters is also a must see, as well as America: From Freedom to Fascism by my hero Aaron Russo.

Re: financial meltdown explained

feeds@yuku.com (stevieo64) — Sun, 25 Jan 2009 18:47:14 GMT

Shouldn't these people be held accountable for their actions. Certain people in certain positions must have known that highly risky lending/ trading of money/loans would result in what we are seeing today and its going to get worse. After all these bankers and traders are supposed to be the cream of our intelligentsia {ha!} An example, a trader at Lehmans in New York would have a salary of $164,000 but if he met his annual targets would get a bonus of £5m, so you can understand their...

Re: financial meltdown explained

feeds@yuku.com (stevieo64) — Fri, 23 Jan 2009 19:06:23 GMT
Hi there, i didn't want to spread doom and gloom but i think everyone should watch this. The term house of cards springs to mind. I'm no communist but capitalism based on this banking/financial model was is doomed to failure. Perhaps this crisis should be treated as 'ground zero' and the world should get its head together to create a new financial system. Anyway what do i know?

Re: financial meltdown explained

feeds@yuku.com (RememberGenie) — Fri, 23 Jan 2009 17:08:11 GMT
Oops Steve I did watch it and meant to get back on and say thanks for posting. I now have a clearer understanding of just how much %+%% we are in. Ta petal!!

Re: financial meltdown explained

feeds@yuku.com (o2bInvisible) — Fri, 23 Jan 2009 17:06:36 GMT
Yeah I watched all 5 parts ( totals about 1 hour about ).

It said > U.S.Presedent W. Wilson tried to prevent the secretive Federal Reserve Bank ( they create a false sense of currency ) but was trumped, then President R. Nixon got rid of the gold standard ... it be great if Obama got rid of the Federal Reserve and made money = value instead of debt, but it isn't going that way so far, is it ?
"They" ( our so called...

Re: financial meltdown explained

feeds@yuku.com (belladonna) — Fri, 23 Jan 2009 09:53:33 GMT
He's a proper little ray of sunshine, isn't he ?
Actually, folks, this really is worth looking at, when you have time. Although quite crudely animated (IMO) the message is clear enough for a financial dunce like me to understand and I learned a lot ...like, we're all DOOMED !!!!

financial meltdown explained

feeds@yuku.com (stevieo64) — Thu, 22 Jan 2009 16:38:46 GMT
Here is a short video explaining how money is created from virtually nothing and how the banking system works. It also shows exactly why we're in the global financial s**t we're in today. If you weren't concerned before this wait till you've watched it
http://uk.youtube.com/watch?v=vVkFb26u9g8