Saturday, March 29, 2008

A massive debt pyramid that is teetering on collapse

Is an International Financial Conspiracy Driving World Events?

The housing bubble has led to a huge inflation of real estate prices in the U.S. Millions of homes are falling into the hands of the bankers through foreclosure. The cost of land and rentals has further decimated family agriculture as well as small business. Rising property taxes based on inflated land assessments have forced millions of lower-and middle-income people and elderly out of their homes. The fact that bankers now control national monetary systems in their entirety, under laws where money is introduced only through lending at interest, has resulted in a massive debt pyramid that is teetering on collapse. Was Alan Greenspan really as dumb as he looks in creating the late housing bubble that threatens to bring the entire Western debt-based economy crashing down?

Posted by malct @ 03:54 PM (1592 views)
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39 thoughts on “A massive debt pyramid that is teetering on collapse

  • sold 2 rent 1 says:

    Nice post malct.

    The exposure of corruption in banking, politics and corportate sectors are happening every day now.

    Just pick up your daily paper and look at the headlines.

    Banking – we know the fraud here
    Politics – fraud with expenses etc
    Corportate – drug companies pulling products, price fixing etc

    The real “top drawer” corruption has yet to be exposed in the mainstream press and they are part of the cover up.

    Loose Change 2nd Edition (Full)
    http://video.google.co.uk/videoplay?docid=-1419223076105354911

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  • sold 2 rent 1 says:

    The Calleman/Lungold model of evolution says that the NWO’s days are numbered.

    Do your own research guys.
    You have to do your own research to discover the truth.
    There are no shortcuts in finding the truth.

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  • Worrying about whether my home is worth lots of money is put rather a long way down my list of priorities after reading confirmations like this. I say confirmations because the article materialises the thoughts of many. Like it or not, the choice here is to acknowledge or refuse to acknowledge.

    I certainly see many reasons here for the fall in property prices. Just part of a much larger picture though.

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  • Its a very good question.

    Why would they let a huge financial bubble build on property ?

    One explanation, could be control of housing and for the average worker, private home ownership a thing of the past. The deeds belong to the bank bought with money created out of thin air, the central banks have control of the money supply and are able to stop a bank going bust by lending more. They have the deeds and the owner has nothing, its a wealth swap with Mr Average and gives more control to the banks, elite, what ever you want to call them. Even if property dropped 20-30% only cash buyers would be able to buy as the banks decide who gets a loan or not.

    Control over money
    Control over medicine
    Control over food
    Control over housing

    Who knows ?

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  • I personally believe that in the future Sir Alan Greenspan will be vindicated for all the abuse that he has recently recieved. They also say Osama Bin Laden will show up this year. Happy Days for Bush, a lot more to come out this year.

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  • Great post Malct and sage words S2R. One wonders what ‘ol Bubbles Greenspan had to talk about at Bohemian Grove a few years ago… ‘cos he ain’t dumb that’s for sure. And there are pictures that verify his attendance.

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  • “In fact it looks to me as though “our plan for the world” is one that is based on genocide, world war, police control of populations, and seizure of the world’s resources by the financial elite and their puppet politicians and military forces”.

    Looking back over the past 10 years, I’m forced to concede that things have not gone well for the UK. One has to consider whether this is the result of conspiracies or incompetence. From involvement in the Iraq war to the sell-off of Gold and, of course, the housing bubble and the credit crunch.

    I was intrigued by the writings of Nassim (black swan) Taleb. I’m sure there seems to be an invisible force managing world events. A few years back, Sarah Beeney was telling us it’s all about buying at the right price, sticking to your budget and not personalising the development too much. But there is a much bigger picture…..

    Perhaps that’s why Robert Ludlum’s books on global conspiracy sell so well?

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  • Alan – never heard of Nassim T or R Ludlum but I’ll take a peak.

    We only have to look at the origins of the Bank of England in 1694 following the Glorious Revolution (‘Invasion of the Dutch Armada) in 1688’ to begin to get a real handle on all this. We’ve been stiched up big time for too long, perhaps.

    S2R, plato and layers, thanks for your comments.

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  • Knowledge is gaining momentum thanks to communication and I’m sure the doubters are beginning to wonder themselves. Everyone needs to stand up and take notice,ask questions and act fairly. Material Self Interest must be put aside as events unfolding are revealing unbelievable conclusions that one would rather hide. There are too many coincidences and ironies. You only have to read widely to supplement what is actually being seen.

    Accepting the superficial is not the way mankind has progressed and never will be.
    I am convinced the decline in education, extreme use of drugs and lowering of moral standards is by no means an accident, when we have in fact also progressed so much. It just doesn’t add up.
    This reduces the quest for knowledge and sterilises justice. It removes logical thought. Surely this has to be deliberate. The application of this can only be blamed on a System.

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  • japanese uncle says:

    I I have little doubt that the true reason why Barnanke specialized in Great Depression, was not that he was seeking the way to mitigate it in the event of its repetition, but that his mission was originally to recreate the carnage even in the greater magnitude and that in a defensible way by the excuse of ‘incompetence’, saying “we really did our best, but happened to be not good enough. Sorry mate, but no hard feeling” Running bubble economies and wars are the two greatest and the most lucrative sources of profits for the biggest financiers (not including the peers like Bear Sterns and other less powerful institutions that are about to go under for the next decade to come) throughout the modern history.

    Look at the NR case here. Five of the eight officials resigned from FSA!? And they are likely to be employed by private financiers at 5 or 6 times salary payable by the FSA. So no penalty but just bonus for the failure is offered. They listed up the errors, such as no meeting was held between FSA and NR bra, bra. How unnatural! This is what I have called ‘incompetence defense’ time and again. Why such elementary errors were concentrated to NR only? Simply because it was deliberate. Without the doubt, those who shorted NR to make hundreds of millions knew it beforehand. Probably scores of people were hired to make a queue in a NR branch (they might well have been instructed to deposit or even open accounts, as making long queue was the sole purpose!! ) A cameraman was dispatched. Then the word and image of the bank run for the first time in 140 years spread first nationally, to create a full-scale run, and then it became an global scandal. Driving the cr== out of those stupid bastards! must have been the slogan. Fear is the most effective tool of dominance as in the case of war on terror.

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  • @Malct – “We’ve been stiched up big time for too long, perhaps.” Millenia perhaps…
    @Plato – indeed, but “tip of the iceberg”?

    “[…] the truth is, there is something terribly wrong with this country, isn’t there? Cruelty and injustice, intolerance and oppression. And where once you had the freedom to object, to think and speak as you saw fit, you now have censors and systems of surveillance coercing your conformity and soliciting your submission. How did this happen? Who’s to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you’re looking for the guilty, you need only look into a mirror. I know why you did it. I know you were afraid. Who wouldn’t be? War, terror, disease. There were a myriad of problems which conspired to corrupt your reason and rob you of your common sense. Fear got the best of you […]” Character V, from V for Vendetta

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  • JU – Please, they only have “our” best interests at heart – it’ll all be OK, please move along, nothing to see here… BACK TO SLEEP 😉

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  • S2R1, I hope you’re right about the Calleman/Lungold model; because if not, the future is bleak. Ultimately, one has to completely reassess everything taught to you about history. I for one am convinced that studies of 19th Century European history that do not take serious account of banking are more or less worthless (which is most of them).

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  • P.S. I wonder of Little Prof has whinged to the Webmaster about this article yet? Come on Little Prof, out with it!

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  • little professor says:

    AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH!!!!!!!!

    OK, I got it all out. Feeling better now. 🙂

    By the way, I am part of the NWO, that’s why I always try to silence S2R’s attempts to get the truth out to the masses. The world’s actually going to end on the 23rd January 2009, according to the Mayan tortoise cycle. Just don’t tell anyone I told you.

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  • Harold @12 I for one am convinced that studies of 19th Century European history that do not take serious account of banking are more or less worthless (which is most of them).

    Right there with you on this thank you.

    Harold @13 P.S. I wonder of Little Prof has whinged to the Webmaster about this article yet? Come on Little Prof, out with it!

    How can he? – just look back at my quote from the article :-

    The housing bubble has led to a huge inflation of real estate prices in the U.S. Millions of homes are falling into the hands of the bankers through foreclosure. The cost of land and rentals has further decimated family agriculture as well as small business. Rising property taxes based on inflated land assessments have forced millions of lower-and middle-income people and elderly out of their homes.

    surely this is spot on topic, HPC relevant, critical even – LP? are you there? how about GreenBay? anybody? come on knock this article and give us all a laugh – it’s the weekend for !!! !! !!! !! !! sake. We might not have many left!. only joe king.

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  • @lp – flip-flopping so effortless, so what ARE we to believe?

    @Harold – “I for one am convinced that studies of 19th Century European history that do not take serious account of banking are more or less worthless” – Yeah wonder why this hasn’t been the case!

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  • japanese uncle says:

    Well said Harold:

    We must bin history and economics textbooks, and start gathering information to think on our own.

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  • Little professor, sorry for the wind-up mate. Couldn’t resist it.

    I think we should all have a laugh about it from time to time – we’d go mad otherwise.

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  • lp you posted while I was writing – but what a sad waste of black ink on white paper and grey cells inside your head,

    haven’t you got anything worthwhile to say pertaining to UK house prices and this article?

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  • planning4acrash says:

    Joking aside, if NWO was so certain that they had a grip, there would be no need for media cover up, etc. all the control systems have achillies heels, and there are way more of us than them!

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  • lp

    You missed an A out in AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH!!!!!!!!

    Not that I’m one to talk about spelling. Nice to see you’ve got a sense of humour.

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  • planning4acrash says:

    Ehem, Malc, you post about new world order, for you to be right, 9/11 had to be staged. The two are interlinked. Are you aware of what you post?

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  • 19. malct said…
    lp you posted while I was writing – but what a sad waste of black ink on white paper and grey cells inside your head,

    haven’t you got anything worthwhile to say pertaining to UK house prices and this article?

    Saturday, March 29, 2008 08:54PM

    apparently not!

    haven’t you got anything worthwhile to say pertaining to UK house prices and this article?

    OK I’ll be more patient – good to know you also have a life beyond this blog!

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  • 23. planning4acrash said…
    Ehem, Malc, you post about new world order, for you to be right, 9/11 had to be staged. The two are interlinked. Are you aware of what you post?

    Saturday, March 29, 2008 09:50PM

    yes

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  • little professor says:

    House prices were driven up by the banks reckless lending – yes.

    The banks are being bailed out by the government while Joe Public is left to rot – yes.

    Now that the bubble is bursting, the banks are repossessing left right and centre, and picking up assets for pennies on the dollar (e.g. Bear Sterns) – yes.

    This is all part of a global multi-generational conspiracy organized by a 92 year old grandfather, rather than just the age-old truth of the rich having influence over power and utilizing that to make themselves richer – No.

    Riddle me this – if the NWO are planning a mass “genocide by starvation” and want the remaining population to be ravaged by drugs and alcohol so that they can take power, what is the net gain for them? What is the point in having ruling the whole world, when that world is completely f*cked? What is the point in having untold riches when the currency is so devalued and there are no products being manufactured to buy anyway? Surely it is better, as is the case currently, to let the politicians play at being in charge, and use your money to lobby and influence policy – nobody becomes president of the US without having the backing of big business. It’s no conspiracy, it’s simply that money talks.

    Anyway, I don’t want to get drawn into conspiracy arguments any more. You are perfectly entitled to believe what you want – I have my own “conspiracy theories” in a number of areas. I just don’t personally attack people who don’t agree with my theories.

    Lighten up, it might never happen 🙂

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  • planning4acrash says:

    I watched it, but again, its extremely short on action and high on fear factor. The solution? Share this info so that even more people get scared. Nothing about the steps we can take to be emancipated.

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  • planning4acrash says:

    Little Professor, there aren’t many banks, there aren’t many owners of banks, you talk of a conspiracy, if there is one then its likely to be from a small group of bankers, who own and control everything from the media, etc, because their lending ramped up the prices of all assets, including companies, like Murdoch’s empire. All of these parts pay interest to one source. If there is a conspiracy, it has to be from a small elite. It would be impossible to say otherwise, riddle me not.

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  • planning4acrash says:

    And with all families, there is always a leadership, The mafia has a leadership, countries have leadership, organisations have leadership. So there must be a linchpin. A revolution would be relatively easy in that case. The French found that out.

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  • planning4acrash says:

    But finally. If there is to be a solution? It must lie beyond the internet. Because if there is a problem, the powers that be will shut it down. We have internet provided by BT and Virgin. Two buttons, switch, off.

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  • sold 2 rent 1 says:

    harold,

    Re: gold and elliott wave

    Read article first
    http://www.zealllc.com/2006/rgold2.htm

    Here is an extract from my subscription email from 1 Feb 2008

    All bull markets climb a wall of worries, moving higher on balance despite all kinds of bearish theories about why theyshouldn’t. Gold is no exception. I’ve been hearing from oursubscribers on two concerns tied directly to our research atZeal. I’d like to address rGold and gold seasonals here.
    On Page 4, our rGold neutral range is running at >1.25xtoday. Strictly interpreted, this means that once gold is driv-en 25%+ above its 200dma we should start assuming that itis overbought and a correction is likely. On January 14th,rGold exceeded 1.25x for the first time in this upleg. Laterlast month, rGold spent 6 more days at or above 1.25x.
    Thus by our own indicator, gold looks overbought. But isthis upleg nearing its end? I doubt it. As I discussed in the11/07 ZI in depth, rGold is in an uncomfortable transition to-day. Gold has moved from a dollar-driven Stage One bull to a global-investment-driven Stage Two bull. But so far we’ve only seen one S2 upleg, so we only have one modern data-point for an S2 top. Typically Relativity indicators use three.
    Today’s rGold is thus a blend of S1 and S2 tops, not anideal situation but the best possible without more S2 tops togame. In the only S2 upleg of the modern era which toppedin May 2006, rGold soared to 1.389x. This is wayabove the 1.25x transition levels where rGold is currently set. Yet it istoo aggressive to just ratchet up rGold entirely based on asingle datapoint. Being wary and cautious is prudent.
    Prior to May 2006, the last S2 uplegs happened in 1972 to 1974. They offer more insights into just how far gold canget bid above its 200dma before it is radically overbought inStage Two. That era’s three S2 uplegs had tops of 1.390x,1.670x, and 1.543x! Clearly this is way higher than today’s 1.26ish rGold levels. Thisaverages to 1.534x at Stage Two tops back in the 1970s, equating to $1125 gold today.

    Now please realize I am not forecasting a gold top in thisupleg based on historical S2 rGold tops! I am merely tryingto point out that Stage Two uplegs have a high probability ofstretching far above 1.25x gold’s 200dma. So please do notget hung up on our transitional rGold indicator level. We willtweak it once we have more modern S2 tops to analyze.
    Seasonality, based on Zeal’s research, is the second bigconcern today. Gold tends to peak seasonally in early Feb-ruary before retreating into mid-March. Does this mean ourgold upleg is likely over? Not necessarily. Seasonals are asecondary influence on prices, like a prevailing wind buffet-ing your car. Sentiment is the primary influence, like the en-gine powering your car. While a seasonal tailwind is nice, itis no more necessary than a tailwind when you drive.
    Even if gold does soon retreat seasonally, this is a briefpullback in the seasonal chart. From mid-March to mid-May gold powers higher in another strong seasonal rally. We willnot see the seasonally-weak part of this gold year until lateMay to late August. So seasonals themselves suggest goldis not likely to hit its seasonal peak until May. I am certainlywilling to weather a short pullback to ride gold higher.
    Second, we are primarily riding this gold upleg using thegold stocks. The HUI has a very strong seasonal rallyfrom mid-March to late May. It only tends to retreat for a matterof weeks from late February to mid-March seasonally. Fully 3 of the 7 major uplegs in the HUI since 2000 topped in theperiod between mid-May to early June. No other period ofthe year even came close in terms of topping frequency.
    And these 3 major uplegs were not tiny. They averagedgains of 131.7% over 8 months each! Our current upleg willonly be 9 months old by mid-May and at best so far it is onlyup 60.3%. So odds are we’ll be well-rewarded holding goldstocks until this upleg matures, probably around May.

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  • sold 2 rent 1 says:

    The guys at Zeal don’t talk in Elliott waves but a gold bull run consists of 3 stages. Each stage consists of 3 uplegs. (These correspond to waves 1,3 and 5).

    We are now in stage 2, Upleg 2, Elliott wave 4.

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  • planning4acrash says:

    I read that corporations have not yet worked out how to control the internet. Well they do. Stories are fed non-stop through their agencies, conspiracy theories are dressed up to make them look ridiculous. Programs like Lost, turn conspiracies into the farcical, in a way that erodes the public’s sensitivity to them. Guys, we are being conditioned by the internet to ignore these things. The net isn’t closing in, its already here. And they know the dissidents, we are on facebook, our blog sites have our personal details. So no doubt. Or there is trail towards it. All of this stuff takes us from the streets. Stops us from discussing with our nearest and dearest. People are being overwhelmed with info and being desensitised to truth and analysis. How to counter it? We have to go back to simplicity. We cannot cite as reference other people’s half and un-truths. We must be squeaky clean in the truth we speak. People. We don’t need to counter the nonsense, we just need to seek the truth in our everyday lives. In your job, in your home, on the street. You see your boss telling you to do something you don’t believe in? Fight it and have faith in yourself and the truth. Maybe it gets you fired? Maybe you end up somewhere where your new sense of integrity is more useful to the greater good. Maybe, when we wake up, we begin to connect not only with our truth, but with truth in the wider sense. Maybe, we channel ourselves into a divine energy and enter into a create process on a spiritual level? I got pushed out of a job for following a route like this, I fell into another, better one, with a boss who lets me carry out my conviction. But it was a struggle, a 5yr process of getting qualified, pursuing routes that develop myself. That is the only solution. It transcends all media, transcends everything else, what you see for yourself and where your intuition (self knowing) takes you.

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  • planning4acrash says:

    And there’s a multiplier effect. You need to support others to achieve their truth. And help others to unlock their own creativity and trust in their own eyes and intuition. Freeing people when you see them being conditioned and overwhelmed. I’ve mentioned before, that multiply things by two, and there aren’t many steps in that multiplication before you reach the whole population. Multiply 1×2 and the answer by 2, and repeat, and you get to the population of earth between 36 and 37 times. That’s less than the number of squares in a chess board people. Game, set and match.

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  • Interesting stuff S2R1, thanks. Sort of chimes with my intuitions that there may be a interim top early summer. Question is how frequently one takes profit. At every interim, or long-term? The former is more risky, the latter potentially lower yielding. There are certainly large walls-of-worry about at the moment which may delay by a couple of weeks a new up-leg. But other than sentiment the fundamentals are as powerful as ever. The recent dramatic falls were probably orchestrated to some degree.

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  • sold 2 rent 1 says:

    planning4acrash,

    Ever read the book “The tipping point”. This is what will happen with truth this summer.

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  • sold 2 rent 1 says:

    harold,

    I will be taking half profits on Stage2 Upleg2 top this May/June
    Probably buy back in September-ish.

    Will take half profits on Stage2 Upleg3 (this may not happen until 2010 but it may be as soon as 2009)
    Subscribing to Zeal is relatively cheap and has definately helped my understanding og gold a lot. I also subscribe to 2 other gold sites.

    I will also be gradually phasing out gold juniors and later on large cap gold mining stocks and moving towards 80-90pc physical gold ownership as we move towards 2011.

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  • planning4acrash says:

    Thanks S2Rent, its also in Chaos Theory, My fave book on that, and I’ve mentioned it before, is Chaos, by James Gleick. Tho, Choas theory is an abstract science, whilst, no doubt, your book applies that knowledge to sociology.

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