America used to have two political parties. It is now obvious that the United States has become a one party dictatorship run by Goldman Sachs, JP Morgan, Bank of America N M Rothschild and their friends. It is past time to start an anti-Goldman Sachs political movement within the Republican and Democratic parties. In the future all candidates will oppose leniency for the soon to be indicted 10,000 plus Wall Street criminals.
The first step on the road to economic salvation is to sum up what harm Wall Street has done to America and the world.
Recently, we were told that the unemployment rate had dropped to 8.5% but this was an illusion created by 1.2 million men and women dropping out of the labor force in just 30 days. But, if we use the definition of unemployment Ronald Reagan had in 1980, the real unemployment rate as calculated by John Williams of Shadow Stats is 22.6%. And now John Hayward of Human Events has said the real unemployment rate is 36.1%. Hayward notes that young people entering the labor force are not counted as unemployed because they were either previously in high school or college or in the military.
The unemployment problem is so bad that politicians will not even really describe it for fear they will provoke riots. In the past two years 577,000 state and local workers were laid off. Over the next year more civil service jobs will be eliminated including the military.
Of course none of the politicians have denounced NAFTA which closed 50,000 American manufacturing plants and sent them overseas.
I have often said that Wall Street has stolen more than 30 trillion dollars from us and that Ben Bernanke is covering it up by hyperinflating the currency. In an audit required by the Dodd-Frank bill it was revealed that Bernanke had created 16.3 trillion dollars of which 6.1 trillion dollars went to buy back fraudulent Mortgage Backed Securities to keep New York bankers out of jail. He also created 7.7 trillion dollars and loaned it out at 0.01% to bankers. And he has bought at least 2 trillion dollars in bad assets from big US banks. Bernanke is also bailing out European banks by creating unknown trillions of dollars. It is a truism of economics that the first persons to get hold of money in a hyperinflation gets all the benefits and the end user meaning you the consumer has the burden of hyperinflating prices for food, energy and utilities which will quite literally crush your finances. This transfers by design all wealth from those of us who work to Wall Street.
Blythe Masters is the Jewish girl at JP Morgan who is VP for Global Commodities. She is the billionaire inventor of Credit Default Swaps which Brooksley Born at the Commodity Futures Trading Commission (CFTC) tried to regulate on 1999. A CDS is a hybrid between a derivative which is a bet on the future value of a bond or a commodity and unregulated insurance. If you insure your home, the insurance company has to set aside money to pay losses in case of fire. Not so CDS. There are hundreds of trillions of dollars in potential losses in CDS and derivatives. Ms Born tried to regulate CDS but was told she could not spoil Wall Street’s fun by four Jewish men – Alan Greenspan, Larry Summers (Samuelson), Robert Rubin and Arthur Levitt. If there are losses in CDS as in the case of AIG, the taxpayer (i.e. sucker) is supposed to pay it. Please note that mortgage fraud was enabled through the purchase of a CDS that allowed corrupt rating agencies to rate worse than junk bonds as AAA.
Blythe Masters and her friends at Morgan Stanly and Goldman Sachs are the first to get hold of trillions of dollars. They have used part of that Bernanke funny money to gamble in the futures market to run up commodity prices so high that in a year or so food will be beyond the price reach of WalMart shoppers. Matt Taibbi of Rolling Stone revealed how gasoline prices were run up during the last exercise in price gouging at the fuel pump. He said they bought and sold every barrel of oil 27 times from when it was pumped out of the ground in Saudi Arabia until it reached a fuel pump in your neighborhood.
Imagine what Wall Street can do to the price of your food. In recent days I have heard from people on limited budgets that packages at the store have already been shrunk and that prices are beginning to jump. Hyperinflating food prices will follow hyperinflating currencies. John Williams of Shadow Stats says the real rate of inflation is 11.6% and rising. He also expects hyperinflation.
Of late gasoline prices have been rising again and are expected to rise by a third at a time when Americans are driving less. The average car in America used to be 8 1/2 years old and is now 10 1/2 years old.
Previously, I have said the dollar is an international reserve currency so I regard a 25% inflation rate to be hyperinflationary. We are halfway there so I would expect an international monetary conference to be called after the 2012 elections. The dollar will be devalued 40% which will cut your wages in half permanently between now and then.
I should repeat that Wall Street has been allowed to steal billions of dollars each week from unaudited federal spending. Donald Rumsfeld admitted on CBS TV on 9-10-2001 that 2.3 trillion dollars was missing from the Defense Department. On 9-11-2001 a bomb at the Pentagon killed the military auditors looking for the missing trillions that Comptroller of the Pentagon Rabbi Dov Zakheim could not find. Jim Willie has said in June of 2010 the Federal Reserve Bank in New York sold 143 billion dollars more in bonds than was required to fund the Obama monthly deficit. I drew the conclusion that they stuck that 143 billion dollars in their pockets.
Last summer a small town police department in Virginia reported 16 cases of fast food theft in just one month. People would grab a bag of hamburgers or chicken from customers exiting a restaurant and run away with it. By this summer, rising prices for food, insurance, gasoline, medical care, utilities and local taxes will grind the economy to a halt. Americans will realize they cannot ever hope to pay their bills and that running up their credit cards won’t work anymore.
This will happen in the midst of intense political campaigns with ongoing protests from Occupy Wall Street, Ron Paul supporters angered over vote fraud and by what is left of the anti-war movement. They might be joined by the Internet community if the federal government uses a false flag on Purim to shut down the World Wide Web. The FBI has said they intend to scrub 4 million computers for a DNS virus on March 8th which just happens to be Purim.
This will be an American Summer to remember. It will change the world. It can succeed if we start thinking now in terms of an anti-Goldman Sachs or anti-Banker party. You need to prepare the way by explaining why food and gas prices are surging every time you are at a fuel pump or a grocery store.
Can you imagine what would happen if people all over the world started citing some of the abuses by the banks and followed up with this question: Why have you taken so much money from Goldman Sachs, JP Morgan, Citibank, Wells Fargo, Citibank and Bank of America?
Goldman Sachs and the Too Big To Jail Banks will keep squeezing your throat until your eyeballs pop out of their sockets if you do not learn to say No.
Related Articles: These first two articles explain how Wall Street will cut your wages in half over the next 15 months if you do not learn to say No.
Translating Zero Hedge: Your Wages Will Be Cut In Half
2012 Timeline: Assets Seizure, Hyperinflation And Debt Slavery
Catherine Austin Fitts: The Black Budget And The Leveraged Buyout Of The World Using Stolen Money
This essay is about Jim Willie and the missing trillions from bond sales.
LOL!! I Stole 3.5 Trillion Dollars From You. I Dare You To Do Something.
This nextt article explains fractional reserve banking debt based currencies as dangerous crimes.
Nine Myths And Misconceptions About Money That Can Literally Kill You
This might get a lot of people angry as early as March.
Purim 2012 Red Alert: Fun For Netanyahu Might Not Be Good For You