Request for comment: Collapse of the U. S. A.

[*Bob*]

When will the Reichstag burn down again though? In between the insurance and pensions timebombs, or before both?

Can someone clarify?

[New Nexus]

*Bob* Wrote:

-------------------------------------------------------

> When will the Reichstag burn down again though? In

> between the insurance and pensions timebombs, or

> before both?

>

> Can someone clarify?

"Those Who Forget History Are Doomed to Repeat It"

[*Bob*]

I think I've got it now.

We've had the banks. Next comes the insurance and pensions. Then the Reichstag burns down, and Obama swiftly annexes Poland. And I think we all know how the story ends.

Am I right?

[katie1997]

I don't believe we've yet had the problems with over-population and its devasting effect on the world's resources and of course, the environment.

However, that leads nicely towards the human race - the elite ruling class with power and money (the bastards) - taking over other planets for inhabitation.

[Loz]

New Nexus Wrote:

-------------------------------------------------------

> *Bob* Wrote:

> --------------------------------------------------

> -----

> > When will the Reichstag burn down again though? In

> > between the insurance and pensions timebombs, or

> > before both?

> >

> > Can someone clarify?

>

> "Those Who Forget History Are Doomed to Repeat It"

That's so true. I had completely forgotten that the Reichstag had burnt down and, waddaya know, last time I was in Berlin I accidentally set fire to it.

Personally, I think I was just so, like, doomed to do that.

[New Nexus]

*Bob* Wrote:

-------------------------------------------------------

> I think I've got it now.

>

> We've had the banks. Next comes the insurance and

> pensions. Then the Reichstag burns down, and Obama

> swiftly annexes Poland. And I think we all know

> how the story ends.

>

> Am I right?

You have the banks ? it?s not over, people think the banks have open their books and all the bad debt has been revealed.

Sorry, one thing banks are good at is hiding numbers.

Let me give you an example

1980?s saving and loans crisis.

William K Black successfully got over a 1000 jailed for their part in the fraud committed at savings and loans.

2008 clear evidence of wide spread fraud, clear evidence of failure by financial regulating bodies.

No special prosecutor assigned.

No real action taken.

Why was no special prosecutor assigned, because he/she would have had power of subpoena.

[New Nexus]

katie1997 Wrote:

-------------------------------------------------------

> I don't believe we've yet had the problems with

> over-population and its devasting effect on the

> world's resources and of course, the environment.

>

>

> However, that leads nicely towards the human race

> - the elite ruling class with power and money (the

> bastards) - taking over other planets for

> inhabitation.

Once again I have no problem with capitalism ? but we do not have capitalism, we have out and out fraud, and fraud just like a cancer will kill it?s host.

I notice no one has drawn reference to Glass-Steagall Act.

[Frankito]

Nexus, Coincidentally, I work for an investment bank and know a thing or two about Derivs, Equities, FICC and the rest so pray do tell us all you know about what they are, how they work and how they are all so bad and then I may just start actively listening to your 'story'.

I am all ears..

[Loz]

*gets out popcorn and waits for the fun*

[LadyDeliah]

Nexus Said:

"You have the banks ? it?s not over, people think the banks have open their books and all the bad debt has been revealed.

Sorry, one thing banks are good at is hiding numbers.

Let me give you an example

1980?s saving and loans crisis.

William K Black successfully got over a 1000 jailed for their part in the fraud committed at savings and loans.

2008 clear evidence of wide spread fraud, clear evidence of failure by financial regulating bodies.

No special prosecutor assigned.

No real action taken.

Why was no special prosecutor assigned, because he/she would have had power of subpoena."

I don't know anything about this so it would be nice if you expanded a bit. It's hard to really understand some of your points without a bit of background. I could google it, but I doubt I'd automatically know what sources are authoritative or not. If you put links to good sources that would help too.

Thanks for bringing the debate though.

[Frankito]

*whistles to Loz to pass the popcorn*

[maxxi]

Frankito Wrote:

-------------------------------------------------------

> *whistles to Loz to pass the popcorn*

Typical! Thanks to the slavish aping of American 'style icons' - left in place by the bankers AND the military as proof - if indeed proof were ever needed - that if they wanted - and they do - oh yes they do - they could - and they would - mm hm - you neglect the good old English - I would even go as far as to say British - nay I would even go so far as to say Commonwealth - traditions that might have spared the imminent, oncoming, damoclean, just-around-the-corner-mate conflagration but no...NO... you had to have bloody popcorn. What the fuck's wrong with a lark on a stick!?

[LadyDeliah]

Anyone watching Newsnight?

[New Nexus]

Frankito Wrote:

-------------------------------------------------------

> Nexus, Coincidentally, I work for an investment

> bank and know a thing or two about Derivs,

> Equities, FICC and the rest so pray do tell us all

> you know about what they are, how they work and

> how they are all so bad and then I may just start

> actively listening to your 'story'.

>

> I am all ears..

That?s interesting ? a cancer cell asking a gamma-ray how to grow.

[New Nexus]

LadyDeliah Wrote:

-------------------------------------------------------

> Nexus Said:

>

> "You have the banks ? it?s not over, people think

> the banks have open their books and all the bad

> debt has been revealed.

>

> Sorry, one thing banks are good at is hiding

> numbers.

>

> Let me give you an example

>

> 1980?s saving and loans crisis.

> William K Black successfully got over a 1000

> jailed for their part in the fraud committed at

> savings and loans.

>

> 2008 clear evidence of wide spread fraud, clear

> evidence of failure by financial regulating

> bodies.

> No special prosecutor assigned.

> No real action taken.

>

> Why was no special prosecutor assigned, because

> he/she would have had power of subpoena."

>

>

> I don't know anything about this so it would be

> nice if you expanded a bit. It's hard to really

> understand some of your points without a bit of

> background. I could google it, but I doubt I'd

> automatically know what sources are authoritative

> or not. If you put links to good sources that

> would help too.

>

> Thanks for bringing the debate though.

Here are some helpful links.

Also check out Bloomberg ? FT ? Huffington Post.

http://www.youtube.com/watch?v=vTKWxqa9Z_I

Classic coup d'?tat, Goldman Sacks helps Greece hide it?s debt?s allowing and knowing Greece will get in to lot?s of trouble, then get the speculators to start shorting and then naked shorting Greece.

Bit like GS did when they sold their own client crap, and then they went and bet against those same clients. They got fined for that one, but they just chalk that up to ?moral hazard?, the fine was much lower then the profit they made screwing their clients twice.

There are OTC derivatives, private and some other stuff.

Over 700 trillion dollars out there. We have seen what happen when this stuff goes bad, banks get bailed out - we get austerity and the bonuses just keep on flowing.

[katie1997]

New Nexus Wrote:

-------------------------------------------------------

> katie1997 Wrote:

> --------------------------------------------------

> -----

> > I don't believe we've yet had the problems with

> > over-population and its devasting effect on the

> > world's resources and of course, the

> environment.

> >

> >

> > However, that leads nicely towards the human

> race

> > - the elite ruling class with power and money

> (the

> > bastards) - taking over other planets for

> > inhabitation.

>

> Once again I have no problem with capitalism ? but

> we do not have capitalism, we have out and out

> fraud, and fraud just like a cancer will kill it?s

> host.

>

> I notice no one has drawn reference to

> Glass-Steagall Act.

This forum is a shadow of its former self!!!

Really! Did no-one (no-one!!!) draw attention to it? I'd cancel my subscription if I were you and go where they properly appreciate this kind of thing. You're wasted here!!! I can't believe no-one has mentioned it yet! Don't they know anything in East Dulwich?! Makes you wonder, it really does!!!

[New Nexus]

katie1997 Wrote:

-------------------------------------------------------

> New Nexus Wrote:

> --------------------------------------------------

> -----

> > katie1997 Wrote:

> >

> --------------------------------------------------

>

> > -----

> > > I don't believe we've yet had the problems

> with

> > > over-population and its devasting effect on

> the

> > > world's resources and of course, the

> > environment.

> > >

> > >

> > > However, that leads nicely towards the human

> > race

> > > - the elite ruling class with power and money

> > (the

> > > bastards) - taking over other planets for

> > > inhabitation.

> >

> > Once again I have no problem with capitalism ?

> but

> > we do not have capitalism, we have out and out

> > fraud, and fraud just like a cancer will kill

> it?s

> > host.

> >

> > I notice no one has drawn reference to

> > Glass-Steagall Act.

>

> This forum is a shadow of its former self!!!

>

> Really! Did no-one (no-one!!!) draw attention to

> it? I'd cancel my subscription if I were you and

> go where they properly appreciate this kind of

> thing. You're wasted here!!! I can't believe

> no-one has mentioned it yet! Don't they know

> anything in East Dulwich?! Makes you wonder, it

> really does!!!

Message received, but for brevity it would help if you just start your post with:

-Your not from around these parts are you boy-

[Frankito]

Nexi, posting You Tube snippets doesn't really help me understand your point of view on this. It was good for the popcorn though...

Again, if you want to be taken seriously, please present your argument in a logical, factual way for us all to share. And for the record, the industry is far from perfect and I am not interested in defending it to the death, more in challenging some of the gross generalisations I hear and read and presenting some of the work being done on various levels globally to creat accountability and transparent.. Things that some papers don't report on as it doesn't make for such interesting reading to brain-washed/ washing robots like yourself.

[LadyDeliah]

Just started the first clip, it is really informative. It's a mainstream news programme Frankito, not a rant. Explained a lot of stuff to me.

I'm going to watch the others on my computer though instead of my phone.

I now understand what the Glass-Stagall Act was now though, unlike Katie numbers methinks!

[LadyDeliah]

Well it looks to me that the US is about to go tits up, and if we have been doing the same thing here, we will be too.

[New Nexus]

Frankito Wrote:

-------------------------------------------------------

> Nexi, posting You Tube snippets doesn't really

> help me understand your point of view on this. It

> was good for the popcorn though...

>

> Again, if you want to be taken seriously, please

> present your argument in a logical, factual way

> for us all to share. And for the record, the

> industry is far from perfect and I am not

> interested in defending it to the death, more in

> challenging some of the gross generalisations I

> hear and read and presenting some of the work

> being done on various levels globally to creat

> accountability and transparent.. Things that some

> papers don't report on as it doesn't make for such

> interesting reading to brain-washed/ washing

> robots like yourself.

The good thing about speakers corner, was if you did not like what some one said you could just walk on, just an idea.

Reality check.

Did or did we not have a collapse in the banking and financial sector: YES

Was this due to fraud in said sector: YES

Was the rating agency part of this fraud: YES

Was the compliant officers part of this fraud: YES

Was the banking regulator part of this fraud: YES

Did banks go out of their way to hide debt: YES

Did the banking sector lobbyist push Washington to cut regulation in the bank and financial sectors: YES

Has any effective regulations been put in place to stop happening again: NO

Has Glass-Steagall Act been reviewed: NO

Is there a debt crises in EU: YES

Is there a debt crises in US: YES

No one had the decency to turn off the banking life support system in 2008, and banks, governments and regulators have been kicking the can down the road.

There is a land-grab going on in the world, and as usual follow the money ? ho yes but we can?t follow the money anymore because of the machination of a MIT think-tanks.

The same people are still there, what makes you think they have now reformed themselves. They are loving this money printing (QE),

They have not prosecuted these people they have rewarded them.

The only reason for complex derivatives is to hide debt.

[katie1997]

For brevity let me start my post with: I don't have a computer at the moment and when I am able to, I will watch all the You tube links posted on this thread in order to educate myself. I always read links by everyone that posts on here rather than simply the posters I find credible.

No-one has mentioned the first law of thermodynamics yet on this thread!! I'm really surprised. I'd be grateful is someone could pick this specific point up apropo of nothing later on in the thread and link it to something completely unrelated such as that I'm not from around these parts.

[New Nexus]

LadyDeliah Wrote:

-------------------------------------------------------

> Just started the first clip, it is really

> informative. It's a mainstream news programme

> Frankito, not a rant. Explained a lot of stuff to

> me.

>

> I'm going to watch the others on my computer

> though instead of my phone.

>

> I now understand what the Glass-Stagall Act was

> now though, unlike Katie numbers methinks!

Glass-Steagall Act does not fix all issues, but it could stop banks being to big to fail, one of the problem will be when banks become to big to save, at this point you get a cascade of collapsing banks, this is why the US has a set of 69 series protocols.

[Huguenot]

Your initial premise that the banking collapse was created by fraud is wrong. Fraud certainly had a component in the banking industry, much as it does in every business transaction, but it was not the dominant factor.

As a consequence everything else is also wrong.

I'm going to get Lady D a 'The End of the World is Nigh' sandwich board also.

Your craving for armageddon probably means that you genuinely craved people to turn off banks in 2008. I can't think of anything so short-sighted and pointlessly destructive.

[richardbach]

nutters lol