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America's Financial Crisis

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  • KanadaHye
    replied
    Re: America's Financial Crisis

    Not sure if the writer is Armenian, but an excellent article by Azartush Najjarian

    US citizens duped by banking cartels


    As the international, elitist banking cartels usurp the common US citizen for every penny he or she dares to collect, we can establish some sobering and very unfortunate facts about the dire situation in America.


    This is true for the present and the not so distant future. Austerity measures are crushing jobs, educational opportunities, and self-determination of the people. It's a form of indirect death like taking arsenic or radiation in small doses daily. We see massive protests in Europe counterpunching austerity measures and the momentum of emancipation from financial slavery has been planted. Whether this movement germinates and takes off to create any real change, and equilibrates the hegemony of existing power structures is yet to be seen. In the states, we see a pacifist attitude towards the global banking elite, and US citizens seem to blame themselves for losing their jobs, homes and pensions rather than the bankers. Could US citizens learn a few things from Europeans? Obviously they could and should, although, examining the revolt against de facto austerity measures in the states amounts to home gardening and riding bicycles, which is a therapeutic and healthy idea even when the economy is flourishing.

    Furthermore, we have the Tea Party movement, which implies a joke within itself. Let's create real change and have a cup of tea together! The Tea Party Movement began as an extension of the Republican Party. Can it get any worse? This party will obviously not change the mentality of the hawkish politicians harping for more war and death. These people are holding hands with the undertaker; the unholy Grim Reaper. Both parties receive funding from the industrial military complex, the oil companies and all the major elite corporations who pay their way into power. Real change is a facade in the states when relying on the Republicans and Democrats. The real power for change lies with the masses. Unfortunately, the masses in the US are living in a type of zombie-land.

    The idea of a peaceful, intellectual or physical revolution in the states will perhaps only be visual in Hollywood movies for the time being. Americans seem content to allow the elite banking cartels to exploit the population until nothing is left to rape and pillage whether financially, intellectually, and psychologically and it is even occurring on a spiritual level. An excellent reflection of the American way of dealing with the global financial crisis is captured in the documentary California Dreaming by famous Dutch filmmaker Bregtje van der Haak. Bregtje interviews locals in Los Angeles and talks of how US citizens are “reinventing” each other in what was once one of the world's largest economies before the global financial meltdown. The fire department was broke and begging for money on street corners, while foreclosures and unemployment was widespread in the film. College educated people were living in recreational vehicles and the hope for change was only a dream.

    In regards to anti-government sentiment, Dr. Paul Gregg Roberts, former US Assistant Secretary to the Treasury says, “This shows a population that has no awareness and I don't see how such a population could defend the constitution or civil liberties, or hold the government accountable for its transgressions. It looks like the American population is lost; the country is lost.” US citizens are dealing with the banking cartels, foreclosures, unemployment, drugs, and increased crime. The US citizens are living in a state of voluntarily retardation, regression and disconnect with reality and what is going on in their country. The Federal Reserve will continue to print more fake money pilling debt on top of debt.

    America is an empire in decline, as former US Senator Mike Gravel explained. The epitome of the US banking system is the “I owe you note” or the US dollar. It is not backed up by gold or silver but functions as a satanic talisman to exploit the serfs while the elite pocket the benefits. Henceforth, the epitome of the global banking cartels and the Allan Greenspan economists will eventually crash like any lie where the fragile foundation deteriorates at a rapid rate day by day. The US dollar and all other “I owe you” currencies are worth just as much as monopoly money.

    The bitterest downfall of the American people is their naivety and gullibility to be duped and believe in anything. If martial law is declared and people are pointed to the train tracks like back in World War II, the Americans will obey the law and head to whatever Treblinka and Auschwitz the elite have made for them. It unfortunately does not look like we will see an uprising in the US as Americans are content to grow fat on beer, watch the tube, and indulge in the entertainment industry whether Britney Spears, Tom Cruise or other sport personalities are visible to worship. They are worshiped and it's easier to be entertained or go down to the pub and drink yourself to oblivion while rolling in your own debauchery than contemplate the good of the whole or what the elite have in store for the serfs.

    With all the accessible technology to help us evolve via the internet, most will not use the net in this particular way but rather for entertainment. Obama has been labeled a Muslim, which is laughable considering he has followed the footsteps of the Bush-Cheney era with uncanny accuracy creating death and destruction in Muslim lands while continuing an artificial war on terror. Thereafter, we have some who claim Obama is a xxx. It appears throughout history the necessity of the scapegoat is inevitable. Americans have allowed the rape and pillage of their country by the international banking elite, which has members from all nationalities, all races, ethnic and religious groups etc. When America's police government starts to open fire on people in the streets and puts people into concentration camps, perhaps they will finally come to realize that Uncle Sam wants them to be patriotic and bow down before the government in the same manner the wolf wants the sheep to passively kneel for the slaughter.

    http://www.presstv.ir/detail/155741.html

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  • hipeter924
    replied
    Re: America's Financial Crisis

    Originally posted by KanadaHye View Post
    The "leaders" are pulling the same stunt here in Canada as well.
    The fault of the economic crisis is the debt economy created by wall street propaganda, when people are rational and sensible about their debt the whole 'boom' and 'bust' is way less frequent. Then again this was more about people cheating other people out of their money, than a real debt problem; if Ronald Reagan hadn't fiddled with deregulation as he did this economic disaster would have never happened.

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  • KanadaHye
    replied
    Re: America's Financial Crisis

    The "leaders" are pulling the same stunt here in Canada as well.

    Leave a comment:


  • hipeter924
    replied
    Re: America's Financial Crisis

    Originally posted by KanadaHye View Post
    I'm not really sure it's much different now than back in the days that Americans fought wars for banana's to protect the interests of the United Fruit Company. Fundamental brainwashing (misleading the people) has always been and will always be a way to persuade the lower class to fight wars for the rich since the lower class is usually less educated and will buy whatever B.S. they are fed. Even now with all the internet communication, etc.... citizen's still believe the propaganda that is heard through their media and government over the information they can find on the internet and other independent sources. America has survived through enslaving people before and even though it will take generations to pay back the current debt, the working class will have no choice but to put in the time and work the country out of debt. The people of the Republic of China have no debt, they already worked for every penny they earned. You know what they say, paybacks are a bi!tch.
    You should really start reading Aristophanes (the ancient greek) he has this great play called, "Wasps " basically he points out in the play (in a very funny way) that the lower classes are nothing more than dogs, being played with and manipulated by the elite upper and ruling classes; they offer the lower classes great luxuries in exchange for their blood in war, but when the war is over; they get nothing. I think you would enjoy it.

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  • Armanen
    replied
    Re: America's Financial Crisis

    Global Research is a media group of writers, journalists and activists and based in Montreal, Canada, and a registered non profit organization.

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  • KanadaHye
    replied
    Re: America's Financial Crisis

    MetLife set to buy AIG's Alico unit: sources

    NEW YORK (Reuters) - AIG (NYSE:AIG - News) was closing in on a deal on Sunday to sell its foreign life insurance unit to MetLife Inc (NYSE:MET - News) for about $15.5 billion in cash and stock, leaving it with a substantial minority stake in MetLife, sources familiar with the matter said.

    MetLife is expected to pay American International Group about $6.8 billion in cash and about $8.7 billion in equity, which includes convertible preferred, common shares and common equivalent securities, for the unit, American Life Insurance Co (Alico), one of the sources said.

    The common stock and securities equivalent to common shares would give AIG about 14 percent ownership in MetLife, while the convertible preferred is expected to be liquidated before it converts, the source said.

    With the convertible preferred stock, though, AIG's stake would go above 20 percent, according to the sources.

    A deal, which has been approved by both boards, could be announced as soon as Monday, the sources said, declining to be named because it is not yet public.

    Alico would help MetLife, the largest publicly traded U.S. life insurer, expand its presence in international markets, especially in Japan.

    The unit, founded in 1921 and based in Wilmington, Delaware, sells life insurance and retirement products to 19 million customers in 54 countries.

    A deal is expected to close by the end of this year, and MetLife estimates it to be accretive by 45 cents per share to 55 cents per share in 2011, excluding one-time costs, one of the sources said.

    The deal would be the second major business sale by AIG in a week and will allow the insurer to repay billions it owes to the U.S. government after a September 2008 rescue, which has since swelled to $182.3 billion.

    The insurer agreed to sell its Asian life insurance unit, American International Assurance (AIA), to Britain's Prudential Plc (LSE:PRU.L - News) last Monday for $35.5 billion, the largest insurance deal ever.

    Deals for AIA and Alico will allow AIG to repay the government around $32 billion in cash when they close, with more expected as the insurer sells Prudential and MetLife stock over time.

    AIG, which is nearly 80 percent owned by the U.S. government, declined to comment. MetLife was not immediately available for comment.

    METLIFE STAKE

    The equity component of the purchase price includes about $3 billion in convertible preferred, and the rest in common stock and temporary securities similar to common shares, the sources said.

    AIG will hold below 20 percent of MetLife as a result at closing, a stake that is expected to increase to above 20 percent -- but below 25 percent -- later, after MetLife's shareholders approve the conversion of the temporary securities to common stock, these sources said.

    But one of the sources said AIG's actual ownership would never go beyond 14 percent because it cannot convert the convertible preferred stock for several years, "and it will end up being liquidated before that."

    The stake that AIG will get also carries restrictions on voting, the source said.

    The shares will be voted in the same proportion as all other MetLife shares on any matter put to a shareholder vote, the source added.

    The number of common stock being given to AIG is fixed and so the precise deal value fluctuates with change in MetLife's share price, the sources said.

    The cash component of the consideration is expected to be used to pay down the $9 billion preferred interest that the Federal Reserve Bank of New York holds in the unit, the sources said. The equity will be sold over time to redeem the remaining interest, they said.

    LONG NEGOTIATIONS

    A sale comes after months of negotiations and became possible after the New York Fed, advised by Morgan Stanley (NYSE:MS - News), agreed in March 2009 to swap its debt into equity in special purpose vehicles that AIG created to hold AIA and Alico.

    The Fed's aggressive bet has paid off in spades, allowing AIG, which has been advised by Blackstone Group (NYSE:BX - News) throughout this process, to get much higher values for the two businesses than it was drawing in the months after the bailout.

    Early last year, MetLife had offered about $11 billion for the unit, but the price went up in the months after March 2009, as the Fed's move gave AIG more time to sell these businesses.

    AIG is being advised by Citigroup Inc (NYSE:C - News) and Goldman Sachs (NYSE:GS - News), according to several sources.

    Credit Suisse (VTX:CSGN.VX - News) served as the lead adviser for MetLife. The insurer was also advised by Barclays Capital (LSE:BARC.L - News), Bank of America Merrill Lynch (NYSE:BAC - News), Deutsche Bank (XETRABKGN.DE - News) and HSBC (LSE:HSBA.L - News).

    Under the terms of his contract, AIG Chief Executive Robert Benmosche, a former MetLife chief and current shareholder, cannot be involved in AIG's discussions to sell Alico to his former employer.

    Benmosche, however, played a major role in negotiations in the AIA deal with Prudential.

    http://finance.yahoo.com/news/MetLif....html?x=0&.v=4

    Hmmmmm.....

    It seems AIG is being advised by Citigroup Inc and Goldman Sachs, according to sources.

    So, three of the biggest and baddest, which all had to have bailout money... are now taking advise from each other. Doesn't seem to make too much sense now does it? lol. Goldman always has it's dirty hands in any and every deal... and in every financial collapse.

    Bend over and reach for your ankles.... something tells me, we are all about to get screwed.

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  • hipeter924
    replied
    Re: America's Financial Crisis

    Originally posted by KanadaHye View Post
    Kinda makes you wonder how the collapse of the twin towers which represents the centre of the financial world became a self fulfilling prophecy. Hmmmmm.
    Well the economic policies were developed before 9/11 so perhaps.

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  • KanadaHye
    replied
    Re: America's Financial Crisis

    Originally posted by hipeter924 View Post
    There is already a domino effect, it started with Iceland and Greenland, and now its hit Greece, Hungary and the rest.
    Kinda makes you wonder how the collapse of the twin towers which represents the centre of the financial world became a self fulfilling prophecy. Hmmmmm.

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  • hipeter924
    replied
    Re: America's Financial Crisis

    Originally posted by KanadaHye View Post
    Doesn't look like Greece will be getting a bailout... this might start a domino effect across the EU.
    There is already a domino effect, it started with Iceland and Greenland, and now its hit Greece, Hungary and the rest.

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  • KanadaHye
    replied
    Re: America's Financial Crisis

    Doesn't look like Greece will be getting a bailout... this might start a domino effect across the EU.

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