We know how, in those films, the wall of officialdom, like the cop big wig who threatens John McClane and tells him to get off the air or the police who jump James Bond at the airport after he's saved the plane from being exploded - how they always get it wrong, quite satisfied in their world view of what is going on. It's only a major event which shakes them out of their complacency and by then it's too late.
We can all feel the utter frustration of not being able to do anything - like Sarah Conner in Terminator 2 who knows what's going down but is then shut up in a loony bin while she sees a child on a swing being obliterated by the nuclear blast. And Sarah Conner is a woman on the edge, a strange, crazy, violent person who has got that way because no one will believe her.
We all believe we've got it right - within our sphere of accounting or finance or law or engineering or whatever, we have the world worked out and are the pub philosophers of the blogosphere. Much of what we've come to believe is right but there's always something to show that we are a bit off in some ways or haven't twigged certain other things.
For example, I was sure that the NAU was the big one and that's how my posts on it read. Now, as a result of info pumped in from outside [you'd understand that many people don't wish to commit themselves in the comments section of a blog], I can see that we've been led down a side path on this one.
OK, OK, hold up for one moment. You'd agree things are not too great out there just now, from the financial crisis through to our children on drugs and prostituted before fourteen, to the lack of respect, to the rise of the new hooligan and so on. We all have our own explanation and our own blog to push it.
This is the single biggest obstacle to any progress on this - we are self-satisfied and won't open ourselves to radically different ideas. It doesn't help when those that have stumbled upon something only have fragments of it and quite understand it ourselves. We're asked to lay down chapter and verse before you and we can't. Ipso facto, in your eyes, we're talking shite.
But we're not - we really did come across those things. Hallucination, explained by natural phenomena - all of this is thrown at us but we know what we saw and what we saw was wrong. That was the case of Obama lying [in yesterday's post]. I knew he lied because I looked at the fine print and at the same time, knew of the SPPNA meetings - I knew of this connect.
There are hundreds out there who know far more than me on this issue, some of them send me things. I check them out. They're actually right or have mysteriously disappeared off the web in the past few days. Obama used the words "dreamed up by the internet". You see what he's doing - inviting the audience, in a spirit of bonhomie, to mock along with him.
The bottom line? Internet = kook, David Icke, wild theorist. Classic propaganda move.
The point of all that
The BIS are effectively stating that nations' taxpayers should be responsible for all derivatives ever written prior to now. And also possibly ongoing. They are unique contracts, incapable of netting. The BIS is showing the net figures.
No exchange can possibly be created to insure this cr-p. Everything going over an exchange becomes ultimately the responsibility of the exchange, that's why counter parties are financially examined for qualification. Balancing is done nightly. Normal exchange accepted contracts are standardised, and are nettable and insurable.
This rubbish isn't. I'd like the financial boys and girls who read this blog in RSS to consider the following:
# Unless financial contracts have standards there is no way to clear them.
# Unless financial instruments have accurate means of daily valuation, there is no way to clear them.
# OTC derivatives outstanding from 1991 to 2008 have no standards.
# OTC derivatives outstanding from 1991 to 2008 have no sound means of true valuation in any time frame, certainly not from day to day.
It's why AIG went down, they had no assets behind the "insurance", derivatives, that they sold OTC. They were fools to get involved with GS, JPM, etc, these were the guys writing this rubbish, they knew they would fail, and given the repealed legislation, they, (GS, JPM, et al) knew the taxpayer, via treasury, would be on the hook!
Greenspan, CFRers et al campaigned for no oversight of these instruments. Meanwhile, the rest of the actual banking world, who understood the implications, were silent. The NAU is a side issue, a distraction. No one is shouting about this and that should tell the story in itself.
Why did gold jump last week? What's happening with gold?
Why did China say it was OK for Chinese Coys to default on certain derivatives, raised by certain western banks? Why has a trade dispute suddenly blown up between China and US? The short position to cap gold, right now, is unbelievable. Those who hold it are the bullion banks, in thrall to the central banks.
We are in very, very strange times right now, where very weird things, which defy explanation, are going down. They attempted to make Iran the target of a new war and Iran, the nutters, willingly obliged with their provocation. Why? Why did the U.S. shift its position on this in the sense of not going at it as gung ho as before?
The Chinese obviously woke up to this, to what was really behind the U.S. moves at key strategic points in the world and they had their own agenda, which this threatened to derail. Hence their moves in the last decade. I'm sorry to go back to Wilson's dictum again but if it's true, it keeps coming back.
There is clear international financial collusion going on and the question is where the source of it is. Wilson could only see as far as the U.S. itself when he said "Some of the biggest men in the U.S., in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it."
It's been said by many others, even by those involved in it. It's there to read and people don't read. It is sheer lunacy to ignore what people on the inside say, when they give out warnings. Eisenhower was a brave man, hence his position in WW2. He gave the same warning , only disguised and muted, when he realized what was going on.
Do you think the things going on in America are normal, usual? Do you think the state control of our rubbish bins and over education in our country here, to the dissolution of England as an entity, is normal and usual?
There are things clearly going down, aren't there?
We know some of the centres of it but even they, the CBs, are just the visible front which can take the flak. You can see the arrogant way in which banks are getting bailed out and top execs, in the past few days, have been revealed to have given themselves huge bonuses. The world is descending into mania, it seems.
No - we are not mad. Not us. The madness is at the top, in Them, the disconnect with normality and morality and it's a very sane mania, predicated on money. Always it comes back to money and who controls the credit.
That's what's going down.
Look a your own situation. Do you have a mortgage? Why? Why isn't the house price within a range which you could pay off in five years? The answer is that the prices have, over the past decades, slipped out of your grasp. Why do mothers work? Two reasons - feminism/suffragettism and economic necessity. Nothing wrong with it but why is it necessary? Why are things so grim, so difficult?
Because they've been made so. Because this is all about control of the population. You call it Statism if you like, you call it the socialist move to break down the free enterprise system. I call it Them. Same thing, different name.
2010/11 is when the major moves come up. Which year did this blog rabbit on about, in its early days? 2012, wasn't it? Why? Because I stumbled upon something - I read some FOMC reports word for word and what was couched in there was jaw-dropping.
It was written on this blog that we'd come out of this recession for some time too before the real crash came, the crash engineered years ago by the simple expedient of sitting back and allowing some things to come to pass, knowing the game well enough to know that they would, must, come to pass. Greenspan is one of the men who did that. There were others. Blind Freddy knew that sub-prime lending must implode and that hedge-funds were fraught with issues.
They knew people would run to metals and voila - gold has shot up. Does anyone seriously say that gold and silver are not controlled?
You, the people, have no mechanisms to hit back, even if you understand it. You are effectively disempowered. There is no democracy, for the simple reason that you cannot effect change. The running of your family and you is in the hands of the government, itself riddled with and in thrall to Them. The departments of state and semi-governmental bodies are riddled with Pod people, all administering the party line.
Only major action would change this but all social upheavals have been anticipated anyway and the funded leaders end up in control again. The Who - meet the new boss, same as the old boss.
We run around blindly in our impotence and frustration but there is someone we can hit immediately and it at least dents the push. That is the combination of Central Banks who are far, far more than financial institutions. All the command and control resides in there. They're powerful but anything human can go down, never forget. Hitler did, Stalin didn't but he died anyway.
Hit the humans behind the CBs, feeling safe behind their firewalls and we have part of the victory back. Then starts the long haul.
So ... who'll bell the cat? We're waiting for a hero to do something about it.