WaMu(Credit: Robert Giroux /Getty Images
The panic on Wall Street spread to Main Street, as depositors rushed to withdraw funds from
Washington Mutual. Triggered by the
Lehman Brothers bankruptcy, WaMu customers took $16.7 billion out of the bank, causing the
FDIC to declare that WaMu had insufficient funds to operate. To save the bank, the FDIC auctioned it to J.P. Morgan for $1.9 billion.
The run on deposits was completely fear-driven, since deposits are insured by the FDIC for up to $100,000 per bank. However, it is this type of fear that has caused the current banking crisis.
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Hi Everyone,
The reason I am writing this is to remind all those that may have forgotten, or never even heard of, how our current economic crisis mirrors the Stock Market crash that created the Great Depression. I understand that many people know about how terrible the Great Depression was and how it effected our economy. What most people don’t know is how it was manufactured and how closely our current economic crisis resembles the Great Depression.
In the roaring 20s Wall St. banks decided it would be a good idea to allow regular people play the stock market by buying stocks with only 10% actual currency while the bank retained the remaining 90% ownership, yet allowing the trader to maintain 100% of the control. The catch was that the bank could call in these loans at anytime and the loan had to be paid within 24 hours. The loan was called a margin loan and when it was called in, that was called a Margin Call.
So, the sleeze behind the Banking system, names like Warsburg, J.P. Morgan, Rockefeller, Roosevelt and most notoriously, Rothschild, made the decision to deliberately crash the market by doing a widespread Margin Call. Calling in all these loans simultaneously resulted in many thousands of traders being forced to sell their stocks in order to immediately pay back their Margin Loans. This in turn led directly to the collapse of the Stock Market. There is a lot more to this story and many other BIG names to mention, but you can go Google that yourself. Just look it up and you’ll find the truth.
Now let’s come to present day with the Predatory Lending scandal that has ultimately led our economy to this point. Back in 2003 and 2004 several huge lenders owned by the same family names as mentioned above decided it would be a good idea to lend a great many billions of dollars to millions of Americans that simply could not afford the large loans they were receiving from these people. In turn, this created an inflated market value of Real Estate because so many people were competing to “flip” homes with their overrated loan approvals. This process created a housing market bubble that would last across a 3 year period. By late 2005 this bubble began to deflate, real estate values dropped like a rock and the crisis had begun.
At this point I would like to deviate for a moment to another event that occurred around Christmas time in 2005 that most people don’t even know about. While most of Washington was away on winter vacation for the holidays, a most sinister agreement was pushed through Congress, the Senate and signed off on by President Bush himself. This agreement is called the North American Union Agreement (NAU) and basically makes Canada, the United States and Mexico borderless. This agreement ties the three economies together and essentially “Unifies” the three sovereign nations under one umbrella.
Coming back to our current economic crisis, we now see that 3 years after this agreement was passed and 5 years after the housing bubble was manufactured, our government is on the verge of striking the final blow to our economy by diluting the value of our dollar with zero value “bail out” loans. It doesn’t take a macro-economist to see what’s happening here. Think of the American dollar as a glass of whole Milk. Left alone the Milk is tasty and healthy. However, once you start to mix water with it, the Milk loses it’s flavor and begins to have no flavor or nutritional value. If you mix enough water with it, it becomes worthless and is nothing more than Milk colored water. This is exactly what these sinister bastards are doing to our economy.
First, they allow people to think they’re getting a generous deal on a loan, little did they know the motive behind it and how widespread these valueless loans were. Then, the same lenders sell these loans to another bank under their umbrella of companies and change the terms. The new terms increase the payments, which in turn leads to foreclosures, bankruptcies and utter financial chaos for many average people. Eventually this outward disease spreads inward and upsets the top of the economic food chain. Once that happens our government injects zero value currency into an already teetering economy. Once this dilutes our dollar to a certain point, we will suffer economic collapse.
Please, keep in mind that this will happen no matter what the average citizen does now. Also keep in mind that this economic crisis, just like the Great Depression, is 100% manufactured and backed by nothing but lies. Mark my words on this: Once the economy reaches a critical low, the government will propose unifying the United States and Canada’s economies in order to stabilize both. This is the ruse, so you better WATCH FOR IT!!! Mexico will not be unified in the early stages of this process because we need to raise the Mexican economy up a little higher and reduce the United States and Canada’s economy even further. This is how the equilibrium is forged and the way all 3 economies will be balanced in order to finally create the NAU.
Many people might ask, “Why is a North American Union such a bad thing if it get’s our economy right?”
The first problem is how all this was manufactured to happen. From the housing bubble, to the liquidation of the American economy, to the hurried and hidden passing of the NAU, this crap stinks to high heaven! The second problem is how this will affect our Constitution and basically shreds it under a whole new legal structure. Finally, and this is the worst of it, America will no longer exist as it has for more than 200 years. So goodbye to everything our forefathers sacrificed to make this nation, the international banking cartel now owns you, me and everyone else.
What’s even worse is where all this puppeteering is leading us to as a planet. Look far enough into this evil crap and you’ll soon realize that once we have an EU, a NAU and soon to follow Asian Union along with an African Union that most people don’t even know exists, it’s only a matter of time before those four unions are UNIFIED. Then we get a lovely Global Union with one currency, one leader and zero freedom. This is big brother at his finest and all thanks to one family that started this process about 500 years ago, Rothschild.
Now realistically I don’t think the founder of the Rothschild name, which came from Germany and started as a jewelry business, had any idea this is where things would lead. Yet here we are and all thanks the diabolical evil this family has slowly spread like a creeping disease over 5 god damn centuries. DAMN THE ROTHSCHILDS and the lot of underlying puppets they control. We need to rise up as a single voice and SAY NO!!!!!
NO I WILL NOT SERVE YOU! NO, I AM NOT YOUR SLAVE! NO, YOUR MONEY IS WORTHLESS TO ME! NO, YOU CANNOT HAVE MY FREEDOM BECAUSE IT IS THE MOST VALUABLE THING I POSSESS!!!!!! NO, IT IS YOU, THE GREEDY SCUM, THAT HAVE NO POWER OVER ME!!!!!
When the time comes, will you be a head of cattle to be counted or will you rise up and SAY NO WITH ME?!!!
A.O.