SermonIndex Audio Sermons
Promoting Genuine Biblical Revival.
Looking for free sermon messages?
Sermon Podcast | Audio | Video

Discussion Forum : News and Current Events : Strong Delusions In This Generation

Print Thread (PDF)

Goto page ( 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 Next Page )
PosterThread
rookie
Member



Joined: 2003/6/3
Posts: 4791


 Strong Delusions In This Generation

All people have certain interests which occuppy their time. For one man it may be hunting, for another it may be tinkering in all things mechanical. For me it has been political economics. I don't know where this thread will lead to, but I come across videos or discussions which represent what I have observed over time. I saw this video this morning.


http://www.youtube.com/watch?v=WWgtzwqWh60&feature=results_video&playnext=1&list=PL21B719421D6AED56


This video is over a year old. In today's news we see what these people talked about in the past. According to the information that I have read over the years, I believe one can learn about our current circumstances in this country and what we might do or change in our daily lives to prepare for the times ahead.


_________________
Jeff Marshalek

 2011/11/26 10:55Profile









 Re: Strong Delusions In This Generation

I only watched about 10 minutes of the presentation and I want to thank you for putting this up. If you have other videos, please post also.

 2011/11/26 23:21









 Re:

A French philosopher said, "Those that fail to learn the lessons of history are doomed to repeat its mistakes."

Blaine Scogin

 2011/11/26 23:35









 Re: Strong Delusions In This Generation

When I click on link, it says it can't load that movie? Can you tell me how to search for the video through YouTube & what's in it's title/subject lines?

 2011/11/27 0:26
rookie
Member



Joined: 2003/6/3
Posts: 4791


 Re:

When I click on link, it says it can't load that movie? Can you tell me how to search for the video through YouTube & what's in it's title/subject lines?


Search Youtube...Kyle Bass Confessions of a dangerous mind.


_________________
Jeff Marshalek

 2011/11/27 7:16Profile
rookie
Member



Joined: 2003/6/3
Posts: 4791


 Re:

"A French philosopher said,"Those that fail to learn the lessons of history are doomed to repeat its mistakes."


http://www.youtube.com/watch?v=diEVmQZ1QfM&feature=mfu_in_order&list=UL


http://www.youtube.com/watch?list=PL82D5B11142E1DBA9&v=7zvNV-vkEzc&feature=player_detailpage

http://www.youtube.com/watch?v=U4aRuiO1OuQ&feature=related


_________________
Jeff Marshalek

 2011/11/27 7:34Profile
rookie
Member



Joined: 2003/6/3
Posts: 4791


 Re:

The following is a transcript of a recent speech given by Professor William Black on an Economics Panel regarding the fradulent roots of our current crisis and the urgent need for criminal prosecutions among major US banks.

In the Savings and Loans crisis, which was 1/70th the size of this crisis, our agency made over 10,000 criminal referrals and that resulted in the conviction on felony grounds of over 1,000 elites in what were designated as major cases. And to pick up on what’s just been said, this is not just some sidelight to economics, this is why we have recurrent intensifying crises, is these epidemics of fraud from the C-Street—from the CEOs and CFOs.

In the Savings and Loans crisis, the inevitable National Commission said that fraud was invariably present at the typical large failure. In the Enron era, always frauds from the very top of the organization, and in this crisis the frauds came from the very top of the organization again. But what’s different in this crisis? In this crisis, the same agency that I worked with that made over 10,000 criminal referrals in a tinier crisis made zero criminal referrals. They got rid of the entire function. And so there are zero convictions of anybody in the elite ranks of Wall Street. And if they can defraud us with impunity they will cause crisis after crisis and they will produce maximum inequality.

The group that has the audacity to refer to itself as the productive class is the largest destroyer of lives, jobs, and of wealth of any group ever produced in this world. They wiped out six million existing jobs and five to six million jobs that would’ve been created. As you’ve heard, they’ve left 26 million Americans wanting full-time work with no ability to find that work. If you look at just losses in the household sector, it is $11 trillion. A trillion is a thousand billion. And then they have the nerve to say they are the productive class; and, not this journalist, but what we get as faux journalism today, repeats this endlessly as if it were a fact—that they create jobs. They destroy jobs. They are mass destroyers of jobs.

I told you I would bring you a message of hope. I will disagree a little bit with a fact pattern about the Reagan administration and re-regulation on Savings and Loans, because that’s where I was. I will tell you this: everyone opposed our re-regulation of the industry. The big deregulation bill, the equivalent of the repeal of Glass-Steagall and such, occurred in 1982 and became effective in 1983. By November 1983, we were already re-regulating the Savings and Loan industry. And we were called re-regulators because that was the greatest swear word the Reagan administration believed existed—to call people re-regulators. But this was not partisan—a majority of the members of the House at the time it was controlled by Democrats co-sponsored a resolution saying do not go forward with re-regulation.

Five US Senators who became known as the Keating 5 because the most infamous fraud of that era got them together—and who, by the way, did Charles Keating and that fraud use to recruit the Keating 5? Brought him as a lobbyist to walk the halls of the Senate—a guy named Alan Greenspan. Who also put in writing Lincoln Savings posed no foreseeable risk of loss. It was only the most expensive failure—a 3000 position error. And after he got everything wrong in the most important issues he had ever dealt with, after that fact we named him Chairman of the Federal Reserve because we promote incompetence if it helps the 1%.

The Reagan administration was so outraged that we were closing insolvent Savings and Loans with great political support that the Office of Management and Budget threatened to file a criminal referral against the head of our agency on the grounds that he was closing too many insolvent banks. Do we have that problem recently? You see Geithner out trying to close the big powerful banks? And that Reagan administration tried to appoint two members—there were only three members running the place—so this would’ve given control to Charles Keating, the most notorious fraudster in the Savings and Loans crisis, who selected two individuals to run the agency that would then not regulate him. One of them got knocked out on ambiguous political grounds and the other I had to blow the whistle to get him to resign in disgrace, but of course they didn’t prosecute him.

We can prosecute these frauds. The Federal Housing Finance Administration has just filed complaints saying 17 of the largest banks in America committed massive fraud—endemic fraud—and that there’s a paper trail proving that they did so. So where is the Justice department? Why is it not indicting these clear frauds?

When you are told no one could see this crisis coming, ask them about the subprime crisis of 1990 to 1991. It’s a trick question. As all good things do in the world of fraud, this one started in Orange County, where you had significant people making liars loans. Now, remember, it is the lenders who put the lies in liars loans, not the borrowers. We know this empirically. And we stopped that—because it was insane—as regulators. And guess what happened? The leading folks making liars loans gave up their federal charter, gave up federal deposit insurance, and became a mortgage bank for the sole purpose of escaping regulation. And they changed their name. Some of you will recognize this name—to Ameriquest. Ameriquest was the leading predatory lender that in addition to making liars loans every day of the week targeted minorities to destroy that wealth you just heard about. They targeted Latinos, they targeted Blacks, and they were caught. They were caught three times doing this and the justice department refused to prosecute. Instead they settled for four hundred million dollars and guess what happened to the head of Ameriquest? Did he: a) resign in disgrace, b) was he indicted, or c) did we make him our ambassador to the Netherlands? Got it and won. How hard is this to figure out? Why do you think we made him our ambassador to the Netherlands? Because he was the leading political contributor to president of the United States of America. And that’s bad but what comes next is far worse. Remember, this is the most notorious fraud in the nation. It targets minorities. Everybody knows it does so. Two entities rushed to acquire these personnel and this business and their names—Citicorp and Washington Mutual—who become two of the most notorious frauds in all of this.

So timewise I’ll stop here but the case is, when we prosecuted, we had a ninety-percent conviction rate when they had the best criminal defense lawyers in the world and they spent money like water to protect the CEO from going to prison. So when they tell you no one can stop this, it is utter nonsense. I’ll leave you with these statistics: the FBI warned of this in September 2004. In open testimony, it warned expressly that there was an epidemic—I’m quoting—an “epidemic of mortgage fraud” and it predicted it would cause a financial crisis. If that’s not enough, the industry own anti-fraud experts in 2006, in writing, went to every mortgage banker in America and virtually every other lender and said three things: 1) stated income loans are an open invitation to fraudsters, 2) the incidence of fraud in such loans is 90%, and 3) these loans deserve the phrase—used by the industry behind closed doors—they are liars loans because they are pervasively fraudulent. How big did they get? Well, what did the industry do after it was warned? Did it stop making these loans? No! It massively increased the amount of these loans such that by 2006, one out of every three home loans in America was a liars loan. And that’s why we have a crisis and it came from the very top of these organizations, and it went through—as the FHFA said in its complaint—the largest banks in the world were endemically fraudulent. It is not a few rotten apples. It is an orchard of one percenters who are rotten to the core.


_________________
Jeff Marshalek

 2011/11/28 7:13Profile
rookie
Member



Joined: 2003/6/3
Posts: 4791


 Re:

The Fed’s Dirty Not-So-Little Secrets

This is the Drudge Report’s currrent top headline. Reports Bloomberg:

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.

Saved by the bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.

A fresh narrative of the financial crisis of 2007 to 2009 emerges from 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions. While Fed officials say that almost all of the loans were repaid and there have been no losses, details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.


_________________
Jeff Marshalek

 2011/11/29 10:54Profile
dietolive
Member



Joined: 2007/6/29
Posts: 342


 Re: The Fed’s Dirty Not-So-Little Secrets

And who decided to give a small cartel of internationalist bankers the power to create money and credit out of thin air? What more do these evil men want, now that they have "all the money in the world"? Power. Plain and simply, POWER.

And who decided to believe that their little pieces of paper are "money"? With these little pieces of paper, international elitists will buy the government of the whole world.

And who will wake up and understand this conspiracy of Satan and the men he has decieved? A brilliant plan of the devil; It is so simply; it is yet right in front of our eyes...

 2011/11/29 11:15Profile
rookie
Member



Joined: 2003/6/3
Posts: 4791


 Re:

This is a satirical video of the world monetary system.



http://www.youtube.com/watch?feature=player_detailpage&v=5odRIK28TWU


_________________
Jeff Marshalek

 2011/11/29 17:14Profile





©2002-2019 SermonIndex.net
Promoting Genuine Biblical Revival.
Privacy Policy