Infinite Unknown

Sure! That is called ‘his-story’ (Henry Paulson’s fairy tale).

See also:

- Paulson Says He Was Prepared to Guarantee Lehman (BusinessWeek):

Jan. 29 (Bloomberg) — Former U.S. Treasury Secretary Henry Paulson says in his memoir that he was prepared to support a government backstop to prevent the bankruptcy of Lehman Brothers Holdings Inc. until he learned the firm’s assets were so mis- marked it would have guaranteed a loss to taxpayers.‘

As of  ‘now’ the US taxpayer has already lost everything, because of bailouts, stimulus packages, quantitative easing etc., which only benefited the banksters and the elite. It is just that the people don’t know it yet.

The US government and the Fed are bankrupting America!

As a side note:

If you are an investor and your investment starts to look really bad and is about to lose a lot of money, then you better sell it straightaway.

China is also about to lose a lot of money from holding US Treasuries, and it has now become very difficult to sell them without tremendous consequences, but the bailout/stimulus bubble will finally blow up. This will be the end of the dollar and the US as we know it.

Just think about the big dilemma the Chinese are in now, because of the irresponsible economic policies of the US.

I am not saying that China ‘always’ acted responsible. This is a created crisis. This is the Greatest Depression and it has only just begun.

Henry Paulson, former U.S. treasury secretary, testifies at a House Oversight and Government Reform Committee hearing in Washington, D.C., on Jan. 27, 2010. (Bloomberg)

Jan. 29 (Bloomberg) — Russia urged China to dump its Fannie Mae and Freddie Mac bonds in 2008 in a bid to force a bailout of the largest U.S. mortgage-finance companies, former Treasury Secretary Henry Paulson said.

Paulson learned of the “disruptive scheme” while attending the Beijing Summer Olympics, according to his memoir, “On The Brink.”

The Russians made a “top-level approach” to the Chinese “that together they might sell big chunks of their GSE holdings to force the U.S. to use its emergency authorities to prop up these companies,” Paulson said, referring to the acronym for government sponsored entities. The Chinese declined, he said.

Russia’s five-day war with U.S. ally Georgia started on Aug. 8, the same day as the opening ceremonies of the Beijing Games. Prime Minister Vladimir Putin told U.S. President George W. Bush during those ceremonies that “war has started,” according to Dmitry Peskov, Putin’s spokesman.

“The report was deeply troubling — heavy selling could create a sudden loss of confidence in the GSEs and shake the capital markets,” Paulson wrote. “I waited till I was back home and in a secure environment to inform the president.”

Russia never approached China about dumping U.S. bonds, Peskov said today. “This is not the case,” he said by phone.

Russia sold all of its Fannie and Freddie debt in 2008, after holding $65.6 billion of the notes at the start of that year, according to central bank data. Fannie and Freddie were seized by regulators on Sept. 6, 2008, amid the worst U.S. housing slump since the Great Depression. Continue reading »

Tags: Bailout, Bonds, China, Debt, Dmitry Medvedev, Economy, Fannie Mae, Freddie Mac, George Bush, Global News, Government, Henry Paulson, Politics, Russia, Taxpayers, U.S., Vladimir Putin

Jan. 29 (Bloomberg) — The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all.

Wednesday’s hearing described a secretive group deploying billions of dollars to favored banks, operating with little oversight by the public or elected officials.

We’re talking about the Federal Reserve Bank of New York, whose role as the most influential part of the federal-reserve system — apart from the matter of AIG’s bailout — deserves further congressional scrutiny.

The New York Fed is in the hot seat for its decision in November 2008 to buy out, for about $30 billion, insurance contracts AIG sold on toxic debt securities to banks, including Goldman Sachs Group Inc., Merrill Lynch & Co., Societe Generale and Deutsche Bank AG, among others. That decision, critics say, amounted to a back-door bailout for the banks, which received 100 cents on the dollar for contracts that would have been worth far less had AIG been allowed to fail.

That move came a few weeks after the Federal Reserve and Treasury Department propped up AIG in the wake of Lehman Brothers Holdings Inc.’s own mid-September bankruptcy filing.

Saving the System Continue reading »

Tags: AIG, Bailout, Banking, Deutsche Bank, Economy, Fed, Federal Reserve, Global News, Goldman Sachs, Lehman Brothers, Merrill Lynch, Politics, Societe Generale, Timothy Geithner

Germany has triggered a near-panic flight from southern European debt markets by warning that there will be no EU bail-outs, even though it fears the region’s economic crisis has turned dangerous and could prove “fatal” for the entire eurozone.

Funds flee Greece as Germany warns of “fatal” eurozone crisis

The yield on 10-year Greek bonds blasted upwards by over 40 basis points to 7.15pc in a day of wild trading. Spreads over German Bunds reached almost four percentage points, by far the highest since Greece joined the euro, and close to levels that risk a self-feeding spiral. Contagion hit Portuguese, Spanish, Irish, and Italian bonds.

George Papandreou, the Greek premier, said in Davos that his country had been singled out as the weak link in a “attack on the eurozone” by speculators and political foes. “We are being targeted, particularly by those with an ulterior motive.”

Marc Ostwald, from Monument Securities, said the botched bond issue of €8bn (£6.9bn) of Greek debt earlier this week has made matters worse. Many of the investors were “hot money” funds that bought on rumours that China was emerging as a buyer, offering them a chance for quick profit. When the China story was denied by Beijing and Athens, these funds rushed for the exit.

However, a key trigger yesterday was testimony in Germany’s parliament by economy minister Rainer Brüderle, who said there would be “no bail-outs” for struggling debtors and no move to a “European economic government”.

“A few European nations are exhibiting dangerous weaknesses. That could have fatal consequences for all countries in the eurozone,” he said. Despite the warning, he said each country must solve its own problems.

Continue reading »

Tags: Bailout, Debt, EU, Germany, Global News, Government, Greece, Politics

Not only has Prescott Bush helped to finance Hitler, but he was involved in a plot to overthrow FDR and to implement a fascist dictatorship in the US:

- G. W. Bush and Adolf Hitler signed a Directive 51:

But what really struck me was the BBC story aired on July 23rd, 2007, documenting President George W. Bush’s grandfather’s involvement in a 1933 plot to overthrow the U.S. government and install a fascist dictatorship.

- FDR’s Response to the Plot to Overthrow Him

The son and the grandson of Prescott Bush, who has committed HIGH TREASON, became Presidents of the United States of America!

Rumours of a link between the US first family and the Nazi war machine have circulated for decades. Now the Guardian can reveal how repercussions of events that culminated in action under the Trading with the Enemy Act are still being felt by today’s president

George Bush’s grandfather, the late US senator Prescott Bush, was a director and shareholder of companies that profited from their involvement with the financial backers of Nazi Germany.

The Guardian has obtained confirmation from newly discovered files in the US National Archives that a firm of which Prescott Bush was a director was involved with the financial architects of Nazism.

His business dealings, which continued until his company’s assets were seized in 1942 under the Trading with the Enemy Act, has led more than 60 years later to a civil action for damages being brought in Germany against the Bush family by two former slave labourers at Auschwitz and to a hum of pre-election controversy.

The evidence has also prompted one former US Nazi war crimes prosecutor to argue that the late senator’s action should have been grounds for prosecution for giving aid and comfort to the enemy. Continue reading »

Tags: Adolf Hitler, Global News, Nazi Germany, Nazis, nspd, Politics, Prescott Bush

1. Those idiots should study nature, doing their best to understand it and not experiment with it.

2. There is no such thing as man-made global warming and global warming in general is a total scam.

- Godfrey Bloom Exposes the Global Warming Scam (European Parliament, Strasbourg, 20.01.2010)

(More information below the following article.)

A geoengineering project to block the sun by simulating volcanic eruptions would be 100 times cheaper than cutting greenhouse gas emissions, climate change scientists said.

One proposal is for a fleet of ships that would spray seawater into the sky that would leave behind salt crystals to brighten clouds Photo: NASA

A global plan to put man-made particles into the atmosphere to deflect the Sun’s heat would rapidly lower global temperatures until cuts in carbon dioxide emissions took effect, they argued.

They acknowledged concerns about geoengineering but said multi-national experiments should begin soon before it is too late to reverse climate change or in case a rogue state carried out separate measures.

The environmental scientists, David Keith of the University of Calgary in Canada, Edward Parson of the University of Michigan and Granger Morgan of Carnegie Mellon University, were writing an editorial in the journal, Nature.

They called for governments to establish a multimillion-pound fund for research into the simulated volcanoes and other solar-radiation management techniques for shielding the Earth against sunlight.

“The idea of deliberately manipulating Earth’s energy balance to offset human-driven climate change strikes many as dangerous hubris,” they wrote. Continue reading »

Tags: Climate Change, Environment, Science, Scientists, Sun, Volcano

The Pennsylvania State Capitol building seen from State Street in Harrisburg.

Jan. 26 (Bloomberg) — Harrisburg, Pennsylvania, the capital of the sixth-largest U.S. state by population, should skip a $2.2 million debt service payment due Feb. 1 and consider bankruptcy, City Controller Dan Miller said.

Harrisburg faces $68 million in payments this year in connection with a waste-to-energy incinerator and should weigh Chapter 9 protection from creditors or state oversight through a program known as Act 47, Miller said today. Chapter 9 bankruptcy allows municipalities to reorganize rather than liquidate.

The alternatives are to sell assets such as an historic downtown market; an island in the Susquehanna River that includes the city’s minor-league baseball stadium; and the city’s parking, sewer and water systems, according to a preliminary 2010 budget and an emergency financial plan submitted yesterday.

“What I’m suggesting is we stop paying the debt service until we have a plan or we decide which way to go, in bankruptcy or Act 47,” Miller, a former city council member who became controller this month, said in a telephone interview. “I think it could save our assets instead of selling them.” Continue reading »

Tags: Bankruptcy, Debt, Global News, Government, Pennsylvania, Politics, U.S.

Added: 28th Jan 10

Timothy Geithner does not want Americans to know who really controls and is behind the Federal Reserve.

The elite created the Fed. The same elite also controls the US government.

‘The Federal Reserve is above the law’. (Google that!)

- SEC Mulled National Security Status For AIG Bailout Details (Reuters)

- Rep. John Mica encourages Treasury Secretary Geithner to resign (CNBC)

- America’s Impending Master Class Dictatorship! (Kitco)

- Ron Paul on FOX NEWS: Wall Street Bailout FRAUD

- The No.1 Trend Forecaster Gerald Celente: Financial Mafia Controlling US and Wall Street (RT)

- Senator Jim Bunning: SEC Should Probe NY Fed Staff Over AIG (Bloomberg)

- SEC hides AIG bailout documents until 2018; Federal Reserve Seeks to Protect US Bailout Secrets (Bloomberg/Reuters)

- Timothy Geithner’s Fed Told AIG to Limit Swaps Disclosure (Bloomberg)

- Famous Investor Jim Rogers: Incompetence In Washington, Abolish The Fed And The Treasury (CNBC):

“Mr. Geithner has been wrong about everything for the last 15 years.”

- Congressman Michael Burgess To Timothy Geithner: ‘You Should Have Never Been Hired’ (FOX NEWS)

- Prof. William Black: Timothy Geithner ‘Burned Billions,’ Shafted Taxpayers on CIT Loan (Yahoo Finance)

- New York Fed’s Secret Choice to Pay for AIG Swaps Squandered Billions of Taxpayer Money (Bloomberg)

- Rep. Brad Sherman: Geithner rejects $1 trillion limit on bailout power (Section 1204 is unlimited in dollar amount!) (The Hill)

- Treasury Secretary Geithner’s Closest Aides Reaped Millions Working for Banks, Hedge Funds (Bloomberg)

- The Federal Reserve buys Fannie Mae bonds; Timothy Geithner is a liar (CNBC)

- Dennis Kucinich: Federal Reserve No More “Federal” Than Federal Express!

Tags: AIG, Fed, Federal Reserve, Goldman Sachs, Government, Marcy Kaptur, Politics, Timothy Geithner, U.S.

- Greece, Portugal Debt Concerns Start to Infect Companies, Banks (Bloomberg):

Jan. 28 (Bloomberg) — Investor concern about the ability of Greece and Portugal to lower their budget deficits is starting to hurt the debt of national utility companies and banks.

The cost to insure Greek sovereign debt against default surged to a record today, spurring a rise in credit-default swaps on Hellenic Telecommunications Organization SA and National Bank of Greece SA. Swaps on Portugal Telecom SA and Energias de Portugal SA jumped as the perceived risk of holding their government debt rose.

“If you fear a Greek crisis then you should not only avoid government bonds but corporates as well,” said Philip Gisdakis, head of credit strategy at UniCredit SpA in Munich. “And if you fear Greece you should also fear Portugal and Spain.”

Chinese whispers drive up Greek yields

Greek Prime Minister George Papandreou speaks during an economic policy speech aimed to soothe international markets increasingly worried by the country’s ballooning public debt and budget deficit, in Athens. (AP)

(Financial Times) — Greece’s debt crisis returned to financial markets with a vengeance as agitated investors demanded the highest premiums to buy its government bonds since the launch of European monetary union over a decade ago.

The yield spread between 10-year Greek bonds and benchmark German Bunds widened dramatically on Wednesday, by almost 0.7 percentage points at one point, in what one trader called a “capitulation” to sellers worried about Greece’s ability to refinance its debt.

The mayhem unfolded after Greece denied it had given a mandate to Goldman Sachs, the US investment bank, to sell government debt to China. Greek 10-year bond yields closed at 6.70 per cent, 0.48 percentage points up on the day.

The Financial Times reported on Wednesday that Athens was wooing Beijing to buy up to €25bn of government bonds in a deal promoted by Goldman. China had not yet agreed to such a purchase, the FT said.

The government’s comments unsettled markets because of their implication that China, with $2,400bn in foreign exchange reserves, was not interested in increasing its exposure to sovereign Greek debt.

Experts, though, said that heavier Chinese purchases of Greek debt would be no less disturbing. For the eurozone, “a member country implicitly rescued by China would be an even worse signal than an IMF programme,” said Marco Annunziata, chief economist at Unicredit.

The Greek finance ministry said Athens wanted to diversify its sources of funds, and meetings with institutional investors would continue in Athens as well as the US and Asia.

Shares in Greek banks tumbled after Greece’s denial that it had mandated Goldman. The yield spread on Portuguese and Italian government bonds widened as traders fretted about other peripheral eurozone countries with high public debt and rising budget deficits. Continue reading »

Tags: China, Debt, Economy, George Papandreou, Greece, Politics

For more information watch this documentary:

- Dead In The Water – The Sinking of the USS Liberty (BBC)

You can trust the government!

Added: 13. Januar 2009

Tags: False flag, Global News, Government, Israel, Lyndon Johnson, Military, Politics, Soldiers, Terrorism, U.S., USS Liberty

See also:

- Dutch Inquiry: Iraq War Was Illegal, Had ‘No Basis In International Law’

- US and UK knew that Iraq Didn’t Have WMDs

- Tony Blair ‘knew Iraq did not have WMD before war started’

Sir Michael Wood, the Foreign Office’s chief legal adviser at the time of the 2003 invasion

TONY Blair was warned two months before the invasion of Iraq that it would be illegal to go to war without UN backing, it was revealed yesterday.

Senior Government lawyers told the Iraq inquiry that they advised the action had “no legal basis in international law”.

Last night it was reported every one of the 27 lawyers in the department advised the war was illegal.

Yesterday Sir Michael Wood, who was the Foreign Office’s chief legal adviser, told the hearing he warned the then Foreign Secretary Jack Straw an invasion would “amount to the crime of aggression”.

Sir Michael said he considered resigning in protest at the decision to join the US-led attack. He described how he was sidelined after he made clear his objections to military action.

His deputy, Elizabeth Wilmshurst, quit in protest on the eve of the invasion in March 2003.

In her first public account of the circumstances leading to her resignation she described the Government’s treatment of the legal advice as “lamentable”.

The explosive revelations intensified pressure on the former Prime Minister, who will face the Chilcot inquiry on Friday. Continue reading »

Tags: Global News, Government, International Law, Iraq, Law, Military, Politics, Tony Blair, U.N., War