Pyramid Comment: Banking Panic

Any true meltdown will occur the other side of Hell where it's even hotter. The exit of the one leads to the entrance of the other. From the 'frying pan and into the fire' scenario.

Restructuring Nearing Completion (16th March 2009)

It's ironic to an extreme that after almost 96 years, efforts are seen to be made to massage the decision of Congress made on 23rd December 1913 to create the Federal Reserve System that would lock America into interest that spirals only upwards.

How the Fed helped fund World War I (1914 - 1918)
The 'Fed'

Business oligarchs have ruled America for a long time, but the veil that obscures the World Stage is belatedly being drawn back to reveal the true workings behind the scenes. The bail out is described as a failure. The plan failed as the bail out didn't proceed. This isn't necessarily failure and depends entirely on perspective: The United States House of Representatives rejected the bail out bill that was designed to save the banking system at the expense of the taxpayer. Voted down by 205 (for) to 228 (against).

There is a major flaw in the system here: Election Day is November 4. Doing the right thing for the wrong reason or the wrong thing for the right reason. Either way around it demonstrates the major weakness in any governmental system. Effecting policy through the influence of the people whether it's right OR wrong and giving the impression of listening to the people, but only when it's expedient. The people are making it clear that they resent the notion of saving the banks from their own folly. People are struggling with the consequences of error, yet must suffer more because of the bankers' greed. In the 'good times' banks are expensive and in the 'bad times' even more so: potentially $700bn. Add interest and this escalates probably by around 50% into over 1 $trillion, saddling the nation with a debt that could never be paid off and so locking the (global) system into perpetual control.

Expediency is a term associated with election

Topping up the emptying vessel appears to maintain stability. If there is a danger of overflowing, the rate at which filling-up is allowed to happen is slowed. It's illustrated by the flow of crude oil from under the ground to above ground. To maintain a desirable price level, the flow is increased to create a glut and so depress prices or restrict the flow and cause a shortage. Prices will escalate in accordance with inevitable demand. Similar in principle to massaging interest rates to control the money supply. Raise the rate and make borrowing expensive and lower the rate to encourage borrowing. The obvious manipulation is when cheap borrowing encourages the outward flow to the consumer and then interest rates go up after the loan has been extended. It is always in a dynamic state of flux and the Winners And Losers game is always heavily biased towards the lender. Let finance flow cheaply outwards (create the debt) and expensively inwards (create the problem).

Inevitably, property prices would tumble as the increased cost (not value) far exceeds any ability to pay. The denial of any problem is exacerbated by burying the head in the sand. It doesn't even have to be very deep, only to be unsighted. If a tree started to produce money instead of leaves only the idiot would imagine Paradise could exist in Hell. Like the snowball.

It illustrates the strategy similar to massaging share prices. Make the high prices tumble and then buy them up cheap.

The host is waking up to the infestation of the parasite. The 'Fed' offers a huge injection of $100s billions to ease the global financial problems and prevent another Great Depression, but in reality it is fuelling the problem by deferring it and making a much greater problem and hiding it behind the curtain so successfully pulled across the stage. Until now. The machinations have finally been rumbled by a majority: 228 to 205 and the party's over. The mess has to be cleared away and it will take a long time, but will happen. Redistribution of wealth doesn't create anything and those (parasites) that have lived and thrived for so long on the people (host) are now about to suffer. Sympathy for the financial parasite should be crushed as none was shown to the suffering of the people in the 'good times'. The banks in the UQ (aka UK) Ltd would crush the customer in the drive to 'create' money. An example of redistribution in action: create nothing, but take everything. It's total denial and literally living the lie of greed and gluttony, but when all nourishment has gone and nothing is left the parasite dies.

Power and Apathy

A great depression has not happened in the sense of that earlier one in October 1929, but this time the misery is to be received by the parasite. In the UQ (aka UK) Ltd conditions differ as the government behaves like The 'Fed' though without the say of the people. Just dump the debt on the people by nationaisation: Northern Rock. Bradford & Bingley. The financial system must now work in the global money markets and nothing can ever be the same again, so time will reveal answers even though it's too late to dump this government. The people will now be more awake to see what this New Labour government with very old ideas has been up to for so long. The disguised band of control freak capitalists has been revealed for what it is: a parasite. The dream is shattered.

The war is far from over, however, as the wealthy will now regroup and attempt to complete the redistribution. Money is still to be had and the parasite isn't yet dead, but only dying. The host is still alive and the parasite has no intelligence and can only understand soulless wealth.

It's potentially a start for a new beginning, but like all parasites adaptation can produce a more virulent, and consequently highly dangerous, strain.

Be aware
Be alert

Pyramid Comment

Tuesday, September 30, 2008

Banking Panic - The Plan (Exit)

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