No One is Safe from next Financial Crisis – Experts say Susanne Posel (OC) , – Five years ago the financial crash caused most Americans to lose their wealth, employment and homes. Mainstream media is asking: will it happen again? A complicated algorithm called DebtRank is foretelling of a global financial crisis. The development team of DebtRank has realized that because of confidential global transaction of the global Elite through the worldwide stock market, there cannot be an aversion to a central banking controlled financial collapse. Technocratically-controlled institutions like Lehman Brothers fell into bankruptcy while Merrill Lynch was purchased by Bank of America (BoA) amid the imploding US auto industry. Former Senator Chris Dodd commented: The next crisis is going to involve not just Europe and the United States, but India and Brazil and China. What happens in one corner of the world, particularly in significant economies, affects everybody.” Dennis Kelleher, president of Better Markets (BM) predicts that the mega-banks are working hard on Capitol Hill to coerce lawmakers “to fight financial reform that would prevent them from doing it all over again.” At the helm during the last financial meltdown was former US Treasury Secretary Hank Paulson who admits to “brainstorming” with Chairman of the Federal Reserve Bank Ben Bernanke on how to benefit from the economic destruction in 2008. The Bank for International Settlements (BIS) has warned all central banks not to continue to participate in the global recovery after Ben Bernanke, chairman of the Federal Reserve, announced that his technocratic bank will slow down their acquisition of US bonds and mortgage-backed securities. In the BIS Annual Report for 2012 – 2013, it is claimed that “since 2007, actions by central banks have prevented financial collapse.” With national economies imploding across the globe, the focus must be “the economic and financial reforms needed to return economies to the real growth paths authorities and the public both want and expect.” Fiat currency is considered “borrowed time” and that more bond purchases made by central banks will impede the world’s economies to recover. The BIS asserts that policymakers must consider the impact of national monetary policy which is passed will affect the global markets. In response, central banks must coordinate their efforts to relieve the side-effects of each nation against the stabilization of global markets. Coryann Stefansson, managing director for PricewaterhouseCoopers, said: “We’re in the first few chapters of a horror story for the big banks, with the worst to come. It’s clear that the U.S. is willing to push for stronger capital.” The banks identified as propping up the system are: • Bank of America • Citigroup • Morgan Stanley • State Street Corp • Bank of New York Mellon The Bank of International Settlements (BIS) and the Basel Committee on Banking Supervisors (BCBS) has applied the underlying pressure on US banks to liquidate to appease global markets. Since 1993, the Japanese have been able to assist the American investor in purchasing “distressed assets” (i.e. foreclosed real estate) by lowering the market values which created astronomically low purchase prices. Now the Chinese from Hong Kong are bringing their money to American shores, buying up properties at an alarming rate. CB Richard Ellis, global real estate advisory firm, asserts that foreign money flooding the US real estate markets means a 1.5% increase to Americans. As property in America is moved into the hands of Asian business-owners and government representatives large portions of New York City, Washington DC, Boston and San Francisco are disappearing from the control of Americans. The Obama administration is pushing for auctions of foreclosed to foreign investors in bulk sales. The foreclosed properties held by Fannie Mae, Freddie Mac and the Federal Housing Agency (FHA) are of the utmost importance to unload onto foreign investors. By setting the stage for easy money from foreign investors, Obama ensures that those investments are given a major return as more properties are given up for rent rather than resold. The largest banks in the US, controlled by the technocrats are staunchly opposed to this move by Obama. They include, Wells Fargo, JPMorgan & Chase Co, Bank of America, Citigroup. Susanne Posel via Occupy Corporatism
Posted on: Fri, 13 Sep 2013 06:54:35 +0000
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