In 2005 Greenspan and Cuomo in Love with Derivatives.

2005 Cuomo folds for GSE’s; Greenspan loves derivatives

The players are all lining up like iron filings over a magnet. Manhattan DA Andrew Cuomo agrees to allow GSE’s Fannie and Freddie to use inflated appraisals; “As long as in house appraisers are not used.” Tough guy that Andrew. Who was sending him campaign donations?

Across town Elliot spitzer was doing his job as a DA by charging AIG owner and CFR President Maurice R. Greenberg with accounting fraud. The charge carries a 30 year prison term but Spitzer gets broad sided soon after, so no verdict was reached on Greenberg.

At Goldman Sachs, Harvard Lawyer and CEO, Lloyd Blankfein Adopts Abacus AC1, a computer trading program to short sell Mortgage Backed Securities (MBS) in the coming Real Estate Bubble

At the same time Goldman Sachs is briskly selling Mortgage Backed Securities as AAA investments to all it’s non insider clients. Later, amazingly, the SEC brings charges against Blankfein for this fraud.

Alan Greenspan as Fed chairman, tells congress that derivatives are good as gold. Telling congress in 2005;

“Innovation has brought new products, such as sub prime mortgages and niche credit programs for immigrants.

“With advances in technology, lenders have taken advantage of credit scoring models…

“indeed sub prime mortgages are now 10% of the market, up from only 1% in 1990!”

So Greenspan is now fully onboard with sub prime loans, advanced credit models and is elated that sub prime’s have increased 1000% in only ten years. What happened to the happy – sax playing gold backed dollar enthusiast from the 1960’s. Allen, did they get to you, were you flattered to be the smartest guy around as long as you pushed the Fed line?

Next Alan Greenspan tells congress the Fed can promise payments for Social Security, a marxist/Fed creation, but Alan lets congress know the dollars will be inflated. Well; that was truthful enough, stating in 2005;

“We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.”

Is this the master speaking to the slave or the other way around? Having the Fed run our money is like hiring your next door neighbor run your household finances. And your not too sure the neighbor even likes you, or is ethical. Why don’t we just go directly to the Saudi King for a financing deal. At least they are honest about their dishonesty.

2006 BIS Love – fest

On 27-29 June 2005, the BIS held its fourth Annual Conference on Past and Future of Central Bank cooperation. It was part of the Bank’s 75th anniversary celebrations. Many hundreds of bankers and economists from around the world attend these events. A few names from their list;

The panelists were;Andrew D Crockett (JP Morgan Chase),

Jacques de Larosière (Paribas), Allan Meltzer (Carnegie Mellon University),

Paul Volcker (International Accounting Standards Committee),

Recall that Paul Volker was our Treasury Secretary under Clinton. Now he’s over at the BIS reflecting on the future of central bank cooperation.

 

From 200 Years of Central Banks  by Thomas M. Cole JD

Debt Ceiling Panic Manufactured by Fed Reserve

Not Raising the debt ceiling will NOT cause irrevocable damage to the US economy. This is nonsense and propaganda.

Harping on it simply shows acceptance of the foolish belief fostered by the Fed Reserve central bank, that some people choose to broadcast. Usually wide spread media acceptance is the reward for propagating this belief.

The reality is if the debt ceiling is not raised, America will no longer be forced to borrow from the bloodsucking central bank Fed Reserve any more,, and will have to limit deficit spending, thereby cutting USA expenditures by 40%. Some would say this is a good thing, mostly people who do not depend on government.

But the NYFed has it sewed up so the media constantly drumbeats this false belief they the end of the world will occur if the ceiling is not raised.. all so the moneylenders can keep their monumental money scam going in the USA and beyond.

The war of 1812 was fought over this same issue; to keep a foreign owned private bank in charge of US money supply or not.. Back then the US said no,,, and moneylender controlled BOE promptly invaded the US burning our White House to the ground…killing 14,000 US soldiers on prison ships in NY harbor and a host of other crimes as punishment for not “raising our debt ceiling”… Who will invade us today???

Modernly if the ceiling is not raised, congress would be forced to actually do it’s job; budget expenses to match revenue…cut waste, cut deficit spending, cut subsidies to foreign countries that hate us, cut subsidies to communist inspired radio (NPR) and universities (Berkeley) and we could begin to remove these blood traitor central bank people out of Treasury, out of the Fed Reserve and out of congress.

Until then, the entire media/election game is rigged, with Fed Reserve and all it’s owners at Goldman Sachs ,, Chase,,, calling the shots in America,, all to protect their banking monopoly……by any means necessary.

QE2 you say.. that’s a convenient $850,000,000 in fees to the commercial bank owners of the Fed ,, that make 1% commissions of the fiat money the Fed Creates and ‘loans’ to USA each month…

So dispel the wrong headed notion that raising a ‘debt ceiling’ is a magic answer to US problems. Continued borrowing,,, is,,, the problem…

And while were at it. The answer is simply to have congress retake control on the USA money supply. Congress can legally coin money and determine it’s value, with out charging the country interest.. Which is why the moneylenders fight so viciously against any change in the current system..which has the largest commercial banks owning stock in and control of the Fed Reserve..

A change would be messy oh yes,, augmentative yes.. but this is congress’ job. Representatives of the people, controlling the peoples money… US Constitution…

From 200yearsofcentralbanks.com

Why I Wrote 200 Years of Central Banks

Why I wrote 200 Years of Central Banks by Thomas M. Cole JD

I’m mostly a businessman,, and that is partially why I wrote the book.. The other reason is I’m a hair-on-fire Patriot from a long line of Patriots.

See my great great grandfather was Senator George Walton of Georgia. He was the Governor of and Senator to Georgia and was a signer of the Declaration of Independence. It really burns me up to see these filthy communists taking over our nation, our schools, our banking system, all in the name Marx while making secrete profits for themselves. (Fed Reserve owner banks-Chase Morgan..ect) This nation was the greatest hope for mankind. We saved Europe twice and spread freedom across the globe. Now our Christian heritage and Constitutional rights are being dismantled by the leftists, whose basic founding father is putrid Carl Marx. I mean to add my voice and theories to destroying Marxists, leftist, socialists and turning control of our government money system back over to  Congress where it belongs.

So… having been a business owner since 1978 I have seen the depressions of 1980, 1991, 2000 and now 2007. This last one never ended. It’s a permanent depression.. I kept wondering if there was some reason for these stupid recessions each ten years or so..

I bought my first house in 1979 with money I’d made playing the silver market. I bought nearly 700 oz of silver at $4/once and sold out with great timing/luck at $28… Since then I’ve bought three more houses and one apartment building over the last 30 years… Each time I watched the cycle.. The Fed floods the markets with cheap money… which drives prices of everything, including real estate way up.. Realtors, Bankers and speculators all profit from the frenzy…

But mostly the banks profit from making higher loan amounts and churning the loans, reselling,,creating derivatives , selling real-estate backed stocks on WallStreet (RBS), kickbacks from loan proceeds… and then when the whole thing rides off a cliff.. the poor bankers get bailed out from FDIC with no consequences… the Taxpayer covers all costs while the bankers get ready for the next round of fleecing…

I saw the pattern. Id read about the Fed some… and knew some history in general..

I saw first hand that each recession wipes out working people buying houses, wiping out businesses and peoples savings… What was going on. Cant we just have a stable economy?

The answer was no we can’t.

Because the Fed Reserve was at the heart of each recession. The Fed owner banks have control of the economy and know when the markets would be forced to fall.… Turns out the law says the Fed is in charge of overseeing GSE’s, Fannie and Freedie. Responsible for controlling the money supply specifically to prevent bubbles. Yet they keep happening anyway… and always the people loose and the Fed banks win.. so…. The Fed is purposely inflating bubbles to roil the markets for profit…

People claim the Fed makes only a little money,, and turns it over to Treasury each year.. But the real money is made with unlimited cheap dollars and free legal protection and favorable laws for all it’s member banks…
, no fines, no trials, no oversite,

The Fed is the key…
And Actually it is the congress that is a puppet of the Fed Reserve and its owner banks Chase, BofA, Wells JPMorgan… those are who own the media , fund and control so many leftist causes, fund and control so called Global Warming Research…fund and control health care now- with the Fed Created IRS running the collection and enforcement of Obama care,, it’s all from the Marxist mold….

So I wanted to attack these issues in a way that would contain more substance than previous books on this topic.. And as I researched it became clear a religious component was in play. Simply stated the USA was Founded on Christian principals by Christians who wrote the Constitution and Bill of Rights and Declaration of Independence… all Christian all the time yet allowing for other religions.. this created the greatest nation ever on the planet.. and as much as we are hated, everybody wants to be here no?

Now besides Christianity, the other important religion in America is Judaism. This ancient religion oddly has produced an opposing document to our Constitution. The Communist Manefesto… which mandates the loss of freedoms granted by the Constitution… an anti constitution, an anti founder… Marx is the founder of todays modern leftist movements..The central bankers are using and fomenting Marxism because it helps them rape the USA.

And now a third religion is vying for Americas wealth and bounty… Islam sees the inroads made by the Hebrews in the US and now wants a piece of this action… Sharia banks, special sharia schools and sharia cities…

So everything at heart, is coming down to a religious contest and war…   As the Left removes and suppresses Christians and their theology, including the Constitution, they are able to advance unequal treatment of classes, forced Government education, a private central bank monopoly and all the other tenents of Marxism…

And why would they do this?  Because- Marxism has at it’s heart requires a Central Bank…  and guess who runs it for profit? Not the Congress, not the people; but private bankers, spreading their fake printed dollars around to buy and control media, culture, academia, unions, voting, elections, the works. The Fed owner banks own the congress, the newspapers, the media…  Just read through my book and you’ll see all the connections, over time that proves this is so.

The NYFed Reserve central bank is at the core of Americas communist takeover.… behind the scenes, running congress, the media, profiting from unequal taxes, running the IRS, profiting from deficit spending by selling bonds, profiting from mideast wars to buy foreign oil, from suppressing oil drilling at home through legislative fiat and propaganda,, anti fraking…. Lois Lerner at IRS is a perfect tip of the iceburg example… using a Fed Reserve created and controlled agency to attack patriot and Christian groups. Do we need a clearer example??

It’s all tied together in 200 Years of Central Banks- The Money Power…

Thomas M. Cole JD