Confirming Matt Taibbi: The Conspiracy Theorists Were Right

A few weeks ago Matt Taibbi said in a 14 page article in Rolling Stone said that the Conspiracy Theorists were right and that every market was rigged by the bankers. And that included interest rates, commodities, Credit Default Swaps and the gold and silver markets. This has been confirmed by the courts and the securities markets. BP and Shell are being investigated in Europe for rigging oil prices. If the CEO of a small company were arrested, the stock price would go down. But BP and Shell stock prices remain unchanged. JP Morgan, HSBC, Wells Fargo-Wachovia and Goldman Sachs have all had legal difficulties but walked away from the courts with no jail time and fines that were a miniscule fraction of the money involved.

This confirms that the courts, the regulatory system, the politicians and the media are fixed and it is not just the 2.2 trillion dollar petrochemical markets that are run by the banks. The oil company executives and the bankers know they are not going to jail.

Stacy Herbert made mention recently of 40 charts that used to correlate and give us an idea of what is happening in the real world. In the old days unemployment used to indicate economic activity and hence stock price levels. No more. Now stock prices and employment do not correlate. We are in the midst of the greatest recession in decades with record breaking low employment levels yet the DOW 30 and S&P indices could not go higher. That is without even more help from the Federal Reserve.

Total company debt and the interest rate they have to pay bear no relation to each other. In fact some companies with the greatest debt levels pay the lowest rates. The Federal Reserve loaned out 7 trillion dollars at 0.01% interest. I doubt that money was loaned to the most credit worthy organizations with plans for innovation and expansion who wanted to hire thousands of new employees. Instead the money was loaned to speculators who wanted to double the price of food and energy. Blythe Masters of JP Morgan bought older electrical generation plants while Obama and the EPA shut down her competitors doubling utility rates in some areas. Also money the FED loaned to news organizations like MSNBC that lie to us. Their ratings are faked but even those phony rates are plummeting. They are a poor credit risk but that does not matter. The Banker Occupied Government does not want you to ever hear the truth. If you did hear the truth on TV, the bankers and the politicians would be in jail.

Dr Michael Hudson was made famous by his book Super Imperialism in which he explained how the US was paying for its wars and military occupations by printing dollars. People overseas paid for their occupation by accepting US Federal Reserve Notes as if they were gold coins because they are printing an international reserve currency. Today the US admits to have troops engaged in combat related activities in 74 countries.

Hudson’s latest book is The Bubble And Beyond. He correlates obvious market manipulation with the creation of a lifetime of debt. He says we have moved past industrial capitalism to Finance capital. We used to make things. Now the product is money. The object of Finance Capitalism is to create mountains of Unpayable Debts to enslave us.

Hudson in an interview mentioned the US trillion dollar student debt as holding down working people  who want to make a living sufficient to buy a house. Of course student loans were abused by the system to give educations and even scholarships to people who might to have been learning a skilled trade so we could get back to making things.

Half of today’s American college grads cannot find full time jobs. The average college grad has $28,000 in student loans and almost $4,000 in additional credit cards.

Obama and Bush have been allowing their man Ben Bernanke at the Federal Reserve to create money by the tens of trillion not to create jobs but to raise the prices of assets. To do this Hudson points out that Bernanke must keep interest rates low. At 3% you can handle 6 times as much debt at 18%.

A 3 bedroom  house in San Jose that could have been bought for $25,000 in 1964 this month sold for $805,000. Catherine Austin Fitts in an interview once said that one reason for all the legal and illegal immigration was to drive up housing prices and to keep that Bobble going.

Another source of outrageous interest rate burdens on taxpayers is government debt. Total US federal and local debt is more than 21 trillion dollars. The government gave the right to privately owned banks on 1913 to issue out currency as a loan at interest. Since the money to pay the interest was never created at the time of the originating loan, the banks must create additional money to pay for the interest in the second round of loans. Interest on the federal debt is 535 billion dollars. And there is an additional 100 billion dollars in local and state government interest rate payments making life unbearable for working people and small businesses.

Obamacare raised the cost of medical care and required everyone to buy over priced insurance.

Dr Hudson gave an example of a young couple with high paying jobs and mortgage and student debt who next year under Obamacare will be lucky to keep 25% of their gross income after taxes and payments. That is all you have to buy food, gasoline, utilities and  clothes. All but the last have been deliberately kept expensive which further enslaves us to Unpayable Debts. If you add up federal. state and local taxes, payments on student loans and mortgages plus mandatory over priced health insurance, you will understand why Hudson said the economy can never recover until we have Debt Cancellation.

The purpose of this system is to lower our wages and further enslave us to debts even though they created all that money out of nothing.

This situation cannot last. The Japanese are printing yen with wild abandon, They have cut the value of the yen by a third and doubled the interest rate on long term government bonds. Raising interest rates and and lowering the value of the currency is how this Bubble will end. As Professor Steve Keen said, we have the greatest Bubble of Unpayable Debts in 500 years. Depressions cancel debts, we can only conclude that we are therefore headed to the worst Depression in 500 years.

I will conclude with what I have said before.

The Fundamental Fact of Your Existence as a modern man or woman is that the bankers of New York and London want to reduce you to Debt Slavery.

Accept that fact and move on to the solution.

That is their plan for you.

What is your plan for them?

Related Articles:

This Is Your Final Warning: The Worst Financial Disaster In 500 Years Is Nigh

http://vidrebel.wordpress.com/2012/09/14/this-is-your-final-warning-the-worst-financial-disaster-in-500-years-is-nigh/

Blythe Masters Tells How The World Really Works

http://vidrebel.wordpress.com/2013/05/15/blythe-masters-tells-how-the-world-really-works/

Catherine Austin Fitts On Genocide And The Looting Of America

http://vidrebel.wordpress.com/2012/03/04/catherine-austin-fitts-on-genocide-and-the-looting-of-america/

$43 Trillion + $36.5 Trillion + 1 Computer Virus = 1 Big Fraud

http://vidrebel.wordpress.com/2012/11/07/43-trillion-36-5-trillion-1-computer-virus-1-big-fraud/

Joe Cortina, Gaza And The Limits Of The Israeli Empire

http://vidrebel.wordpress.com/2012/11/25/joe-cortina-gaza-and-the-limits-of-the-israeli-empire/

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About horse237

I have decided to share two of the visions I had as a child. When I was eight, I had a vision of a future war that killed 99.5% of the world's population. When I was 16 and living in the projects, I had a vision of my future. I was to live in complete obscurity until it came time to stop WW III. When I was about ten, I had read a bio of Nikita Khrushchev which said he survived Stalin by playing the bumbling fool an old Russian peasant trick. I decided to do the same as I had already learned that we did not live in a democracy. The other vision I had when I was in third grade was of the Mind of God and how it interacted in the creation of the world we see. I believe you and I were born at this time precisely so we would have an opportunity to stop this war. As for my personal info, I grew up on military bases and in housing projects. My legs atrophied from starvation as a child. My second step-father died in prison. I used to have to rub my skin to simulate human contact. They did not feed me when I was a child. I do not fight in their wars as an adult.
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34 Responses to Confirming Matt Taibbi: The Conspiracy Theorists Were Right

  1. Pingback: Confirming Matt Taibbi: The Conspiracy Theorists Were Right | Video Rebel’s Blog | the Mahoney

  2. Greg Burton says:

    I will presume he includes 9/11 on that list of so-called “conspiracies” later determined to have been correct.

    • horse237 says:

      I would include 911 but Taibbi cannot do so publicly. He is Jewish and writes for a major publication so he is limited in what he can say. He was talking about the Federal Reserve working with the Big 16 Banks to rig every market.

      There are leaks in this policy so it will not last.

  3. Pingback: The Progressive Mind » Confirming Matt Taibbi: The Conspiracy Theorists Were Right | Video Rebel’s Blog

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  5. greg bacon says:

    The same bandits that are manipulating the stock and commodities market are getting ready to shove it in deeper, as they are now creating a copper commodity market.

    Watch copper prices start heading for the sky.

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  10. matrixilluminos says:

    nicely done! just a matter of time before the dark ages are redefined as the time Americans were put to sleep from 1945-present

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  21. nick vincent says:

    I always wondered how an investigator like Matt Taibbi could do such a great job of reportage on the collusion of Wall Street with the Bush-Obama administrations, and yet appear totally clueless to the obvious conspiracies of 9/11. Learning that he is Jewish and under the thumb of Rolling Stones Chosen One Jann Wenner explains the limits of his leash.

    • horse237 says:

      Knowing who is Jewish is important. But notice how many Jews are against attacking Syria. Some like Taibbi deal with the excesses of the bankers. They want to make a safe place for Jews. They know their leaders did 911. They know there was no Holohoax. They know it is all about to hit the fan. They have multiple passports.

      But this is going to be either a worldwide revolt or the destruction of the world.

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  30. JE says:

    Your commentary, and consequently, your blog is excellent. You are able to perfectly synthesizing all the material I’ve been independently studying since I began questioning things after 9/11.

    Do you have any financial blogs/resources you recommend I research to protect my meager savings against the impending hyperinflation?

    Thanks in advance and keep up the great work.

    • horse237 says:

      I am not qualified to give financial advice. I follow Zero Hedge. I read the news at WhatReallyHappened dot com which also cover finances. I do web searches and look for Jim Willie interviews. Invest in safe food. That will pay real dividends. If you don’t have a garden, you can learn to sprout seeds. We do not have much time left.

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