Engineered Bond Market Collapse?

[SlowDownFast]

Check it out:
http://www.youtube.com/watch?v=TKa5vgZxVWU

For reference - Sen. Edward Kennedy Questions Ben Bernanke:
http://www.youtube.com/watch?v=DRq7sGjH-b8

Also discussed further on author's forum:
http://www.tickerforum.org/cgi-ticker/akcs-www?post=38927&page=1

Sign the Impeachment Petition:
http://financialpetition.org/

[AX10]

1. kick for others to see.

[Tandalayo_Scheisskopf]

2. Perhaps.

But are they prepared for the societal chaos that will surely follow? I doubt it.

That said, I expect the next 9 months to be an orgy of gettin' away with anything they can, by business, banking and the maladministration, leading up to the pardons. The pardons will be legion.

A lot of people know that at 12:05 PM, 1/20/2009, the party is officially over.

[Art_from_Ark]

3. The party won't be over

Not if McSameAsbu$h gets in, at least.

But yes, the pardons will be legion-- surpassing even poppy's Christmas Eve presents to the Iran-Contra gang

[nichomachus]

9. Can you BlackWater? I knew you could. Of course, they're prepared. n/t

[slipslidingaway]

4. He mentions in the video that the Fed has been selling treasuries

for months, do you know if he is speaking of bill and coupon sales the Fed has been conducting?

I happened to look at the POMO's for the first time in a couple of years back in March and was surprised to see the following entry. This was the first POMO since May of 2007, if my memory is correct, since then there have been several listed on the Fed site. Although it appears the Fed has increased the temporary open market reserves significantly.

Any ideas on what the Fed is doing???

Permanent Open Market Operations..03/07/2008 Outright Bill Sale
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3214016&mesg_id=3214444

http://www.newyorkfed.org/markets/pomo/display/index.cfm?showmore=1

http://www.bullandbearwise.com/SOMAChart.asp

[flashl]

5. The crisis fomenters

The Real Reasons for the Credit Crisis

One thing experience has taught is that every notable market crash, panic, bear market or financial crisis is the result of careful planning and forethought by the monetary authorities. With trillions of dollars at stake, nothing happens without their tacit or explicit approval and there is simply no such thing as a crisis that happens by “coincidence.” For happenstance to be allowed to run its course in with trillions in derivates out there would be certain death for the financial system. As the economist Dr. Stuart Crane was fond of saying, “Things don't just happen to happen. They happen because they were planned to happen.”

Another thing Dr. Crane used to say was that you can always tell the underlying reason for any crisis by waiting to see what the results of that crisis are. In the final analysis, the results, as he pointed out, are in what the crisis fomenters expected to yield as the fruit of their labors. And it's no coincidence that in every case, a financial crisis always yields the following results:

1.) Greater consolidation within the banking and financial industry with the smaller players being merged into the bigger players, or else swept away;

2.) Greater regulator powers for the monetary authorities.

There has never been an exception to this outcome in the history of U.S. financial crises.

[formercia]

6. Writing off assets

Why do they care, it's not their money, yet?

The big boys write down paper that is secured by real property to, say, 10 cents on the Dollar. In the long term, the paper is worth, say, 20 cents on the Dollar. The buyers now have turned money, which is paper with no value into paper backed by real property.
The holdings are turned over to management firms such as Oppenheimer who maintain the properties that default, make sure the taxes are paid, and eventually, the return on investment is a multiple of the amount borrowed to acquire the paper.
The boys walk away with hundreds of Billions of your and my money.

[cyberpj]

7. Anyone else think this was done on purpose to encourage THE AMERO ?

When all of this falls down, then Americans will be happy to latch onto the North American Union concept and a new currency called THE AMERO - especially based on the success of THE EURO.

I just don't believe W and Company are as dumb as we like to think. The never ending spending on the war, all of the tax cuts for the wealthy, the loose lending practices and our country's amazing debt, they had to know what it would all come to. And I really think it has something to do with smoothing the way to the North American Union.

Thoughts?

[formercia]

8. Drowning it in the bath tub....

It was the plan all along.

We had to destroy it in order to save it. Welcome to the New World Order.