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A scientific look at what Greenspan “still doesn't fully understand.”
True Freedom: The Role of Government
At a hearing of the House Committee on Oversight and Government Reform in October
of 2008 looking into the responsibilities of federal regulators for the near breakdown of
the financial system. In his testimony, Greenspan said that, in light of a crisis he
characterized as "a once-in-a-century financial tsunami," he was wrong to think
financial markets could police themselves. He incorrectly had expected the
discipline of the market would prevent financial institutions from taking life threatening
Those mistakes raised questions about his most fundamental beliefs, he
Asked whether his free-market convictions pushed him to make wrong decisions,
Greenspan replied that indeed he had found a flaw in his ideology, one that left him very
distressed. "In other words, you found that your view of the world, your ideology
was not right?"
"Absolutely, precisely,"That's precisely the reason I was shocked, because I have
been going for 40 years or more with very considerable evidence it was working
Greenspan said his mistake was thinking that financial institutions would act in
their own self-interest to avoid the kind of risky lending that could bankrupt them.
"Free markets did break down," he testified. "That, as I said, shocked me. I still do
not fully understand what happened."
Treason in America
Today, we need not pick up arms to defeat fascism and dictatorship in Germany. We need only to find enough courage to educate our population WITH THE TRUTH and force our leaders to cut off the money supply to the fascist enemies that run our Own Country, London and Wall street. Then, rebuild our Nation and the World.
We must do this or die! Glass-Steagall or die!
A Tour of NAWAPA
My Dad asked me if I think civilization is going to collapse? Here is my answer:
Do I think civilization is going to collapse? In the absence of Glass-Steagall, YES, it is inevitable and becoming more imminent every day that goes by without its passage. You may have noticed since the bailouts began in 2008, economic conditions here in the US and around the world have been steadily declining at a faster and faster pace with no end in sight with ever increasing and bigger and bigger bailouts. Collapse is in progress and has been since before the bailouts began!
Why do I think collapse is unavoidable in the absence of Glass-Steagall?
The physical and productive economy which London and Wall street Banksters need to feed off of, has been depleted and virtually destroyed by the Imperial monetarist system they have imposed upon us. They have overthrown the American system of credit embedded in our Constitution. The last vestiges of our physical economy, grains, oil, other commodities and farm land are virtually the only things left for them to feed on. Most everything else we had left in our post industrial (post Greenspan) era has already been sucked dry by the vampires of London and Wall street. Therefore we are seeing food, fuel and energy prices along with the price of farm land skyrocketing because they, along with cartels like Cargill and Monsanto are manipulating the markets. That coupled with the hyper-inflationary policy of central banks and the IMF pumping money into these bankrupt casino operations to keep their fictitious assets afloat are devaluing the currency.
This is why they now have to raise the so called debt ceiling and kill Granny along with the rest of us as fast as they can (by busting unions, firing teachers, firefighters, closing schools, taking away our so called entitlements, shutting down our public services, science drivers (NASA) and preventing us from development projects to sustain and advance our civilization like they’ve been doing in 3rd world Countries for decades or rather, hundreds of years. That’s the only way they have left to feed their bankrupt money machine (the Imperial monetary system). Their answer is, let them eat cake! Or in a word, DIE!
Like Rome, The Imperial monetary system we are operating under is in direct conflict with these natural laws and universal principles. God’s laws. therefore like Rome, it shall not stand!
So God created man in his own image, in the image of God created he him; male and female created he them. And God blessed them, and God said unto them, Be fruitful, and multiply, (not budget cut from yourselves the things you need to survive and depopulate the earth) and replenish the earth, and subdue it (to conquer and bring into subjection (NAWAPA) to be creative, like God, and in his image, discover his natural laws and universal principles (how the universe operates and why) and apply them to sustain yourselves and advance mankind along with the ever expanding Universe): and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. (to be good stewards of)
“No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money.” The Pharisees, who loved money, (The politicians serving under the Monetarist Roman Empire) heard all this and were sneering at Jesus (i.e.. today, the body of Christ). He said to them, “You are the ones who justify yourselves in the eyes of others (the masses), but God knows your hearts. (and so do the people, at least some of us see through them) What people value highly is detestable in God’s sight.
1 Timothy 6:9-11
But they that will be rich (The Banksters, IMF, Politicians Central Banks, multinational corporations, speculators and others) fall into temptation and a snare, and into many foolish and hurtful lusts, (destruction of civilization for instance) which drown men in destruction and perdition. For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. (destroying themselves and their Imperial monetary system in the process of oppression as the Romans did) But thou, O man of God, flee these things; and follow after righteousness, godliness, faith, love, patience, meekness.
We could try this too!
Jesus entered the temple courts and drove out all who were buying and selling there. He overturned the tables of the money changers and the benches of those selling doves. “It is written,” he said to them, “‘My house will be called a house of prayer, but you are making it ‘a den of robbers.
But when the Pharisees heard this, they said, “It is only by Beelzebul, the prince of demons, that this fellow drives out demons.” Jesus knew their thoughts and said to them, “Every kingdom divided against itself will be ruined, and every city or household divided against itself will not stand. If Satan drives out Satan, he is divided against himself. How then can his kingdom stand? (The Roman Empire divided itself. It fell. America has divided its Representative Government from the welfare of its people. It will fall).
The uttering of credit by definition of our Constitution are an instrument to provide for the General Welfare, Common Defense and to Secure the Blessings of Liberty and Freedom for ourselves and our Posterity. Now therefore instead and in direct conflict with the Constitution, we have the people in financial servitude, despotism and oppression and are providing for the General Welfare, Common Defense and to Secure the Blessings of Liberty and Freedom for the hopelessly Bankrupt Imperial Financial Monetarists and fictitious debt they have created at the expense of the people. Therefore it cannot stand!
US REP Marcy Kaptur’s presentation on the floor of Congress. May 5, 2010: Revolving Door between Goldman Sachs, Other Financial Institutions the Government and the City of London.
http://content.cq.com/floorvideo/play.do? id=80755d07e18896560f4420656bee3ceb5207e6b716f0d0a575ef45c86 63f802184aa5ca67b72361e914c62dd6e08205bb3637957a18627abdadb8 6a5198b3ddb46189caccddd3107
What is the REAL problem facing us today!
The real issue is what the government is not promoting and spending money on: building real wealth by investing in next generation infrastructure, water projects, nuclear energy, research and development that create and revitalize entire industries and provide quality jobs and a future for ourselves and our posterity. Rather it is spending money to pay interest on debt and to fuel a bankrupt monetary system.
The real issue is the bankrupt monetary system itself, which has replaced the American system of credit imbedded in our Constitution.
TARP, Stimulus, QEI, QEII and now helicopter Ben Bernanke is promoting QEIII. These programs are nothing more than a hyperinflationary operation of buying worthless fictitious toxic assets (They have no basis in anything of real value. Based purely on money for money’s sake, speculation and derivatives) from London and Wall street banks to fuel speculation in the markets (to keep the markets propped up) on the last vestiges of our physical economy, which consist of commodities and agricultural land for the most part. As evidenced by food, fuel, land, and other commodities rise in cost and volatility. These hyperinflationary programs which devalue our dollar aside, the fact that the FED has pumped over 16 trillion dollars into bankrupt banks in the US and around the world with the majority of those funds going into Euro-zone banks is the real problem we face.
The EU is ready to blow apart. It’s financial system is hopelessly bankrupt as is the US financial system. It is imminent! You must ask yourself. What will the world look like when the EU collapses? It will take down the entire Trans-Atlantic system. I can tell you it is going to make the 1930’s look like a grand picnic!
There is however a Bill in Congress right now that will stop this inevitable and immanent collapse of our global financial system and allow us to start rebuilding our Country and the World in a real and meaningful way.
The Bill is HR 1489 The Return to Prudent Banking Act of 2011 (Return to Glass-Steagll)
In response to the failure of thousands of banks across the country, Congress enacted the Banking Act
of 1933, commonly known as Glass-Steagall, during the height of the Great Depression. This statute
safeguarded the American economy for decades by legally separating commercial and investment
banking. Such a common sense system provided greater security to banking deposits in commercial
banks. Additionally, investment banks were only able to leverage their own funds, limiting the
systemic risks of the American citizenry. For decades, Glass-Steagall was a cornerstone of the U.S.
financial system, until the Gramm Leach Bliley Act unwisely completely ended this important
financial regulation in 1999.
With the repeal of the Glass-Steagall Act over a decade ago, the U.S. economy was exposed to an
intolerable level of risk, and the recent financial crisis was certainly exacerbated by the removal of
these safeguards. I believe that we must limit the potential for future economic collapses by returning
to a more prudent banking system in which banks must once again choose between investment
activities or commercial lending.
I along with others around the world have been working with bodies and institutions around the world to bring about real solutions. We have made real progress. A Bill is in the US House now and has 33 bipartisan co-sponsors. I have spent a great deal of time the last six months speaking with members of my State legislature and although ALL agree what the problem is and the solution proposed only two have stood up. The rest run down away like scared bunnies (Cowards). Other State legislative groups and institutions are moving forward to push our insane Congress and other bodies around the world to act in the interest of the people and the Nations for a real solution. Instead of bowing to the London and Wall street bankers that are destroying us.
I would urge you to join me in this effort, contact me and discuss the real problems that face our Country and the real solutions that can end this insanity now and set us on a REAL road to recovery. The next BIG financial collapse is upon us now and will only get worse.
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