The good news is I don’t think the RB is buying bad debts from the banks. They are only accepting mortgages on NZ housing as securities. I see this as a partial nationalisation of the real assets of the Aussie bank subsidiaries.

The bad news is that the depositor guarantee looks like it will be extended to a wholesale guarantee that will join us to the giant sucking machine extracting our wealth into the pockets of financiers and foreign banks.

Labour hasnt got the guts to say to the Aussie banks you ripped us off for years, you have your own wholesale guarantee, if you don’t value your NZ subsidiaries enough to onloan the funds, recognising that the NZRB has had its offer for immediate cash for securities taken up by three banks, and probably all of them before long, if that’s not enough, then write off your bloody banks and we will nationalise the lot.

If Labour hasnt got the guts maybe a massive switch of depositors to Kiwibank will give them the boot up the bum they need. Those snooty businesses who want state socialism for their private profits might be advised to do the same or join the flight of the fuckwits.

The Federal Reserve will not be buying a couple of mortgages it will be buying Mortgage Backed Assets. That is a whole different cattle of fish.
That is a bundle of mortgages put together and sold on as a sound investment.
These bundles contain mortgages from all over the planet and a lot of them are the mortgages of Americans who are now defaulting on their mortgages. In other words these bundles contain subprime mortgages. And since nobody knows how bad these bundles are contaminated they are basically worthless because nobody wants them anymore.

So in effect the Federal Reserve is taking the mortgages that international bankers invested in out of circulation and paying the banks top dollar for them to keep them afloat.

Why is the NZ federal reserve buying fraudulently created MBA’s from international banks who exposed themselves to these hyper speculative derivatives and with whose money.
If they are doing it with our tax money I would call that theft since we did not give them permission to give our tax dollars to international banksters who behaved reckless with their money and if they are creating money out of thin air I would call that counterfeiting and dilutes the money value which causes inflation again stealing money out of our pockets.

Both are criminal actions and I would like to get an explanation as to why they think they can get away with it.

I hope you are right but it doesn’t look good. Oil is going down but the crisis gets worse.
What this means is is that when the price went up Americans the biggest consumers of oil started to cut their consuption. Now that the price of oil has gone down in a normal situation you would expect their consumption to go beack up again but this is not happening.

This is because the “real” economy is crashing. The US economy was only tagging along because of second mortgages and credit debt since the 2001 recession.

People are losing their homes and their jobs and their cars become unaffordable. That is what you are seeing and that is scary shit.

Because if the Americans can’t spend their $ 7 trillion a year on food and consumer goods that will be the end of China, India and us.

Anybody out there in the farming community living on the North Island were NZ used to grow their own wheat. No would be a very good time to start growing it again. And any farmer on the west coast fearing for the beef export to the US wondering what to do next with his land, flax (linen) thrives on land close to sea.
And we are going to be needing fibers because China will collapse spectacularly too.

Added to that several of the big sea transport contractors are collapsing due to reduced demand and the credit crunch.

There is a saying that goes like this: if you don’t lie you don’t have to have a good memory to which I would add if you see the bigger picture it all makes sense.

(You can stop reading here if you wish.)

Our world is ruled by an invisible elite. Well, not invisible but most certainly not elected by us.

This is what Amsel Rothchild said about his power; I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain’s money supply controls the British Empire, and I control the British money supply.

In fact Cullen goes as far as admitting that he is not allowed to give financial advise. How strange is that? He is the bloody minister of Finance what else is he going to do?

(You can stop reading here too.)

1% of the worlds population owns 40% of its wealth and 10%. 30% of that elite lives in the US and most of them live in Britain and Europe and the predominant group of them is in the finance business. In other words the banksters own us and they have done for the last threehundred years.

You really should watch the Money Masters which details the history of the fractal banking history and the way the elite bankers manipulated world history.

(Perhaps here is were it becomes really interesting so I would stop here if i were you and please don’t watch the Money Masters because it would take up three hours and a half hours of your time. Yuk, three and a half hours of very interesting information who needs that?)

What is unfolding is what you might call Endgame (warning this is a terribly dark movie and I don’t necessarily subscribe to the documentary makers conclusions as to if we really heading that way because I’m what you might call the eternal optimist.)

This endgame was brought to pass with the stolen election in 2000 which brought to power the third generation Nazi/Bankster?Oil tycoon G.W. Bush. In the US the Concentration FEMA camps are ready. The army is brought in to assist in “crowd control” and the coffins are ready to receive it’s first bodies.

In other words this very small group of very rich elitists don’t need us “the sheeple” any more and we are about to be culled. They know our species has reached critical mass and we need to be brought back to a more manageable population.
It is that simple.

And if you think they give a flying fuck about you or me, think again.

They killed three thousand of the worlds citizens (not all of the victims of 911 were Americans) they allowed more than 4000 of their own citizens to die in Iraq, killed more than 1.5 million Iraqies and polluted their country for 4.5 billion years with over 2500 thousand tons of DU and they did the same in Afghanistan.

They don’t give a toss about the hundreds of thousand of soldiers from all over the world who have been contaminated and the spread of DU over the entire world and 50.000 heroes and first responders who gave everything on 911 and in the aftermath are sick and dying from the toxic dust they swallowed and inhaled and their plight goes unheard in Washington. Another 20.000 to 30.000 New Yorkers are also ill or dying, many of them children and they too don’t get any help whatsoever.

(Uh ooh, next is a little bit of 911 stuff, so perhaps now would be a good time to stop reading)

Whether you believe that 19 hijackers were able to stand down the worlds best air defence system for two and a half hours (ridiculous in its own right) and that 3 huge steel framed high rises could collapse in the freefall speed of 6.5, 10 and 11 seconds into pyroclastic flows into their own footprint because two off them were hit by the very planes they were designed to be able to absorb and that passports of two of the hijackers could have the impact of the planes in the two towers (Am I the only one here or is this beginning to sound ridiculous) or you, like me, have serious questions about the events of that day the fact is that two weeks later every American lost most of their “freedoms” because the congress voted the patriot act in which none of them had time to read and the US dragged our asses into two unwinnable and illegal wars because we had to catch Osama bin Laden and his merry band of al CIAda. And with the previous should leave you in no doubt as to their cruelty and utter and utter callousness.

If you have watched the Money Masters you will understand how the financial elite uses easy credit to build bubbles and the contraction of credit to create depressions.
In effect allowing us “the cattle” to create real world wealth during the easy credit part of the cycle and the depression part of the cycle is used for the transfer of that wealth into their hands.

We are their cattle, they milk us, manipulate us and we are taught that to ask question makes us Conspiracy theorists.

(Now we get to the John Key bit and perhaps we’ve lost Lew. LOL)

This bigger picture makes it also possible for us to see were John Key fits in.
John Key even with all his money is not a very rich banker really.

His masters take that home as quarterly bonuses. John Key is nothing but a foot soldier and he has been send to do a job.

Aunty Helen and Cullen don’t tow the line and his masters don’t like that.

That is why he has to meet with his masters in London, that is why he is on a short leach with Cosby and Textor as his PR minders and Merrill Lynch Bankers and rich Tories keep pooping up that is why he wants to borrow for “infra structure”.

Remember! built bubble and collapse bubble to transfer real world wealth to the banksters.

It’s simple really until the plan comes apart at the seams. That’s when you get revolutions and mayhem. It is “when the horses bolt” to put it in John Key’s own words (Or was that Bill English)

While this has been going on none of the real big boys has ever had to pay for this mass manipulation. They not suffer any consequences for their daylight robbery of the masses. Have you noticed?

The masses to stupid and dumbed down have not caught on (I noticed how in Anglo Saxon countries real curiosity is discouraged and the masses actually turn on people asking questions. They call them up him/herself, is to smart for his own good and of course conspiracy nut. Amazing)

Carroll Quigley was an historian (he actually taught Bill Clinton) who wrote a book called Tragedy and Hope about the role of the bankers in the background. It has 1300 pages so Lew if you are still with us don’t bother you might actually learn something.

To those of you who commented in support, thank you.

L

L

Yes it was. Another interesting item is on a 10:15pm.

L