Pyramid Comment

This journal takes an alternative view on current affairs and other subjects. The approach is likely to be contentious and is arguably speculative. The content of any article is also a reminder of the status of those affairs at that date. All comments have been disabled. Any and all unsolicited or unauthorised links are absolutely disavowed.

Tuesday, September 23, 2008

Banking Panic - The Plan (The Next Phase)

Banking Panic - The Plan (Prelude)
Banking Panic - The Plan (1)
Banking Panic - The Plan (2)
Banking Panic - The Plan (3)
Banking Panic - The Plan (4)
Banking Panic - The Plan (5)
Banking Panic - The Plan (6)
Banking Panic - The Plan (7)
Banking Panic - The Plan (8)
Banking Panic - The Plan (9)
Banking Panic - The Plan (10)
Banking Panic - The Plan (Nearly There)
Banking Panic - The Plan (Arrival)
Banking Panic - The Plan (11)
Banking Panic - The Plan (12)
Banking Panic - The Plan (13)
Banking Panic - The Plan (Exit)
Banking Panic - The Plan (1st Encore)
Banking Panic - The Plan (2nd Encore)
Banking Panic - The Plan (3rd Encore)
Banking Panic - The Circus

Predictably, the escalation of the original Banking Master Plan has simply continued and the redistribution and acquisition of the global 'wealth' becomes more complete. Fewer large banks exist that were once many smaller banks and the creation of a World Bank is well underway. Various financial institutions have been swallowed up by the larger fish. Building societies that became banks on the more global money markets and insurance businesses are all disappearing into the paradoxically less visible giants. It used to be where to hide a tree? In a forest. But now there are so few trees that they are no longer recognisable and have effectively vanished. The power and associated control of these 'disappearing' entities has continued to grow. The stranglehold on the increasing population tightens as the vault that holds the global wealth continues to swell. The method of control. The many poor getting poorer and the few rich getting richer and all of it more or less unnoticed. Every time, a failed bank has 'lent' so much money, 'creating' virtual money in the process and every time the tax payer who borrows and pays back the interest on that loan becomes the uninvited sponsor to bail out the failed bank. Nationalisation has been reborn. It is the 'new' approach. It is so commonplace to hear of a greedy bank that has failed as a result of its own gluttony, and how it is to be rescued by those who have been its prime feedstock. The irony is staggering and STILL nobody notices. Two of the world's largest investment banks have gone, nationalisation of the largest insurer in the US (AIG), and the takeover of Halifax Bank of Scotland (UK) by Lloyds TSB for £12bn. This will inevitably create an awesome bank with around a third of the mortgage and savings market. Lloyds TSB (originally just Lloyds before the TSB acquisition) swallowed up Scottish Widows and Abbey Life (now sold): original connection.


This buying /selling which deals with the business of death/dying demonstrates the corporate nose is harder than diamond. But it loves the stench of money, however tainted.
 
This, however, is small fish compared to the scope of wresting £$100s bn from the global system. Normally, such a deal would be blocked by the competition authorities, but the government has relaxed local UK rules to save HBOS from going under. It's coincidental that George Bush exits in November 2008 after 8 years. An accidental coincidence of global financial meltdown and rebirth of that new found wealth:

£$Trillions: £$1,000,000,000,000s
 
The food for the global population and its drinking water are the two main targets. Control these and control is very, very effective. Control financial resources as well and its just about completed. The trinity of more people, increased building and locking up water inside the concrete that binds the people is so simple in principal. The final part of the square is grasping and crushing the physical with the psychological. And still nobody realises that the prison has been under construction for many decades. Wars are designed to control nations. Weapons are created to enable effective wars. Transport is created, but as global gridlock becomes the clearer objective more and more resource is consumed. Ultimately, no more conventional fuels. All conventional engine-powered modes of transport will have to be abandoned and replaced with purchased electric vehicles. Out with the old and in with the new. Nuclear power will be the game of the future. Terribly, terribly dangerous, but apparently clean (no CO2 emission). And a mere detail that it is lethal. It would seem that nobody notices or cares. Madness Of Nuclear Power A Nuclear Future
 
The veil of duplicity continues to be lowered in front of, and in full view of, the world stage
 
The general view is that the current woes concerning the instability of the global money markets is slowing and troubles will soon be over. That's the view that is desirable and is being promoted. However, the control of the global wealth has changed considerably. The wealth has not been increased or decreased. That cannot happen, but it has been redistributed so much that it has not been noticed. That is a supreme paradox. The victim can never notice that he is dead. The way £bns have been moved, yet remains unseen for what has happened, remains quite remarkable: The Emperor's New Clothes. Around £102bn was added to the value of the FTSE 100 index of the UK's largest companies, which jumped 8.8% to 5,311.3 (some numbers) described as "easing the pain for savers and pension fund holders". The UK stock market had recovered all its losses of the week. In New York, the Dow Jones Industrial Average closed up 3.35% at 11,388.44 (some more numbers). Investment banks are targeted for blame where incredible bonuses are paid: between £1-10m Virtual Money Newspaper comment is typical (The Independent, Saturday 20.09.08):

  • The UK stock market thundered to its biggest one-day rise of all time and share prices around the globe soared amid hopes - after a week of unprecedented chaos on financial markets - that there could soon be a solution to the credit crisis that has threatened to bring the economy to its knees.
In the US, President George Bush announced the most wide-ranging and expensive government intervention in the financial markets in US history. This doesn't properly describe the meaning of expensive. It is government intervention to authorise the release of taxpayers' money to plug the hole created by financial gluttony and so massage the system with the justifiction of providing a solution. Another example of Create the Problem and Provide the Solution. The expense is to the public purse to bail out failed enterprises. The allusion to wide-ranging is, of course, action to halt proceedings, but only after it's too late. Create a weapon, use it successfully and very effectively, then outlaw the use of that weapon so it can never be used against the creator. A one-way rout. This suggests too little, too late by design. Short selling Investors on both sides of the Atlantic hailed the success of curbs on the speculators who have been stoking panic by deliberately driving bank shares lower. However, this may not be enough. The publication Investment (The Oxford Club) describes short selling:

Secrets to Fast Profits in a Falling Market
 
Short Selling - Wikipedia The increasing global population (growth in the marketplace) has the benefit of creating a potentially even more massive victim. The scale for systematic abuse is enormous - and increasing. It doesn't use up much mental energy to determine that fraud and crime are growing 'industries'. This can only get worse with an increased growth in the marketplace (host) for the parasite to feed on.

  • Another related issue with the forever increasing population though in places that have little potential for growth is IVF, but paradoxically this appears quite unconnected: the selected method of providing human egg cells.
When did the term Toxic Mortgage first appear? Like Climate Change or Credit Crunch: just seemed to happen. Who invents new words to be swept up in language?

Peston's picks Winners And Losers Bradford & Bingley It is wickedly coincidental that George Bush is coming to the close of 8 years as US President and it is seems almost an exit strategy. The US government behaves like the cavalry and "rides to the rescue" by donating taxpayers' money. Support from the Treasury Secretary (Hank Paulson) could cost "hundreds of billions of dollars". In only the last few years description of money are in terms of £billions and no longer £millions. The illusion is that everybody is getting rich. Not so. In the UK, the legal minimum wage remains around £5/hr and as education standards continue to decline, for the many this won't increase much in the long term, yet profits race towards the few.

Banking Panic - The Plan (Prelude)
Banking Panic - The Plan (1)
Banking Panic - The Plan (2)
Banking Panic - The Plan (3)
Banking Panic - The Plan (4)
Banking Panic - The Plan (5)
Banking Panic - The Plan (6)
Banking Panic - The Plan (7)
Banking Panic - The Plan (8)
Banking Panic - The Plan (9)
Banking Panic - The Plan (10)
Banking Panic - The Plan (Nearly There)
Banking Panic - The Plan (Arrival)
Banking Panic - The Plan (11)
Banking Panic - The Plan (12)
Banking Panic - The Plan (13)
Banking Panic - The Plan (Exit)
Banking Panic - The Plan (1st Encore)
Banking Panic - The Plan (2nd Encore)
Banking Panic - The Plan (3rd Encore)
Banking Panic - The Circus
 

posted by Louis Brothnias @ 7:38 am