Tuesday, September 01, 2009

[the collapse] who are the main beneficiaries

Banks commit mass foreclosure fraud

There must be a lot of it if it is news that a judge actually bothers to check that the paperwork is correct:

He has tossed out 46 of the 102 foreclosure motions that have come before him in the last two years. And his often scathing decisions, peppered with allusions to the Croesus-like wealth of bank presidents, have attracted the respectful attention of judges and lawyers from Florida to Ohio to California. At recent judicial conferences in Chicago and Arizona, several panelists praised his rulings as a possible national model.

I fear even Vox may have missed something in his conclusion. Why has this been allowed to become so publicly the focus of the people's ire? Vox concludes:

The point, of course, is that there is no longer even much of a pretense at the rule of law in the United States. That has been replaced with rule by bureaucratic dictate.

... but his own WND were the ones to target the real enemy of the U.S.A., the CFR with their conniving SPPNA which effectively handed the powers to an overseeing body called the NAAC, controlled largely by the CFR. And it is hardly precedent that a small Jekyllian group has done such things before or that the Sherman Anti-Trust Acts were passed as a sop for the general populace.

Why is Westminster so spectacularly corrupt this time round or rather, why is it allowed to be seen to be so, on a scale never before revealed? Given that the people's ire is always directed by the powers which control, e.g. against Jerry in the last war, aginst the Jews in Germany and against Iran at this time - then why the bankers, the dodgy hedge funds and the JPMs?

Is it the maturing political minds of the population which are finally seeing the light or is there a reason for these targets becoming so open?

I can only think that one of two things has happened. Either they have already the fait accompli and it is scarcely necessary to consider the populace any more in the new Post-Democratic era or else one needs to follow the process. If the people clamour for the the banks to be curbed, who will curb them? The government. And who will do the nuts and bolts of this? The Fed who are the JPMs and GSes themselves.

Similarly, if Westminster is reconstituted, who assumes power? The EU, of course and the CBs. Why are ecopundits of note now conceding that the big one might be right around the corner - total collapse of the western system?

We seem to be three or four steps behind in this process and too late to halt it. I don't mean the collapse itself but to identify those for whom the collapse is of ultimate benefit. The mist is gradually clearing but is it too late?

Look at this piece of out and out deception in the U.S., courtesy of Karl Denninger:

From that interview (specifically, at 3:20 in):

  1. Paulson told this person (who is writing a biography, apparently) that he intended to use the TARP money to inject into the banks and not buy toxic assets a full ten days before he testified before Congress.
  2. He then testified before Congress to exactly the opposite.

This is about as clear an allegation of perjury (which, by the way, we've heard before - remember Kashkari making essentially the same allegation in his Congressional testimony?) as I've seen.

People like Paulson are well aware that pundits are watching. On our side of the pond, everyone has seen the Hannan youtube on Brown and many others about his outright deception and self-deception.

The bottom line is that they don't even seem to care if they lie any more. Only overconfident incompetents can do that.

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