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.

Wednesday, September 23, 2009

Financial Crisis Unfolded - The Global Conspiracy

Summary taken from The Independent (15.09.09)

15 September 2008
  • A sale of the Wall Street bank, Lehman Brothers failed. Administrators called in

16 September 2008
  • The US takes 80% stake in AIG as it rescues the insurance giant with $85bn loan

17 September 2008
  • Lloyds buys HBOS in £12.2bn rescue deal. Gold records biggest one-day rise in history

18 September 2008

21 September 2008
  • End of investment banks on Wall Street as Goldman Sachs and Morgan Stanley convert to bank holding companies

25 September 2008

29 September 2008
  • Bradford and Bingley nationalised in UK: branch network and retail deposits sold to Santander of Spain. Belgium, the Netherlands and Luxembourg in 11.2bn bailout of banking and insurance giant Fortis
3rd October 2008
8 October 2008
  • As global markets plunge, US Fed leads co-ordinated round of emergency interest rate cuts
9 October 2008
  • Iceland takes control of Kaupthing, its biggest bank, in its third nationalisation in a week
13 October 2008
  • UK injects £37bn into RBS, HBOS and Lloyds TSB as governments around the world pour money into their banking sectors
29 October 2008
  • IMF leads $25bn bailout of Hungary
31 October 2008
  • Barclays raises $7.3bn capital from Qatar and Abu Dhabi
15 November 2008
  • G20 summit in Washington pledges to support global economy and get tough on banks
23 November 2008
27 November 2008
  • Woolworths call in administrators
11 December 2008
19 December 2008
13 January 2009
  • Germany unveils €1.5bn aid for car firms, including "cash for bangers" scrappage plan
9 February 2009
  • UBS posts Sfr19.7bn loss for a year
17 February 2009
  • President Obama signs $787bn stimulus package. Allen Stanford charged by Wall Street regulators (SEC) with $8bn fraud.
26 February 2009
2 March 2009
  • US rescues AIG for the 3rd time
5 March 2009
  • UK cuts rates to 0.5%, lowest since the Bank of England was created in 1694
2 April 2009
  • G20 leaders meet in London and agree to commit $1.1trillion to world economy
Those in control lend to themselves

UK borrowing soars to £90bn, the highest on record

30 April 2009
  • Chrysler files for bankruptcy protection in US and sells its car marques to unions and Fiat
7 May 2009
1 June 2009
3 June 2009
  • Q1 (1st quarter: January - March) data show UK GDP fell by 2.4%, the largest fall in 50 years
10 July 2009
  • New GM emerges from bankruptcy in record 40 days
14 July 2009
  • Quarterly earnings at Goldman Sachs surge 33%
  • Average bonus at bank hits

24 July 2009
  • Dow Jones, the US benchmark stock index regains 9,000, a level first passed in 1998
6 August 2009
12 August 2009
  • FSA bans guaranteed bonuses for more than a year (WOW!!!) in crackdown (with a feather duster!!!) on risk-taking at banks
13 August 2009
  • Second quarter data (Q2) show French and German economies have emerged from recession.

20 August 2009
  • Switzerland sells stake in UBS for $5.1bn
25 August 2009
5 September 2009
  • G20 target excess bank pay and risk-taking and insist economic support will be needed, as Lawrence Oates said, for "may be some time"
This all makes it so clear that the situation was engineered to soak up money and avoid any problem from those paying for it. A Sting. The money has been redistributed from the people and lost in the 'system'. And none of it noticed. The global theft in front of all the people. It also is highly suggestive that those bankers in a position of influence well rewarded for their help in engineering the situation that requires a solution:


the scale of such a 'global' problem can only be rolled-out once every 70-80 years or so. But it is well worth the wait as the £$trillions at stake is a worthy reward for patience. This can only be useful to gain control. The money has little actual worth, but the level of global control is incalculable.

All the financial institutions being sold.

Who buys them?

Control the financial system and the grip is absolute.