Summary by JW WIlliams
Patent attorney John Titus explains how Wall Street and banks caused the financial crisis in 2008 using bundled mortgage-backed securities as fraudulent collateral. He said that it was actually a coup d’etat against America and is treason.
In 2012, former President Obama tried to explain why not a single bank or Wall Street executive had been prosecuted when he claimed that some of the behavior on Wall Street was not illegal, so laws had to be changed, but this was a lie.
Titus explained that money is created when banks lend, but banks only lend against collateral as secured debt. He said that 5,000 mortgages worth $200,000 each created $1 billion in new money, but that money rested on zero collateral and coke dust. He said that the entire global crisis was caused by collateral fraud and insiders were well aware of the scheme. Alan Greenspan spilled the beans in a 2011 interview and admitted that there was rampant fraud and criminal activity on Wall Street, and that existing laws were violated and need to be enforced.
Titus said that former Attorney General Eric Holder and former Associate Attorney General Lanny Breuer were installed in top positions to prevent prosecution of bankers. Both were recruited from Covington and Burling law firm that represented the Big Banks.
Not military. Yet.
Greenspan also admitted that the Federal Reserve was privately owned and that Congress had no power over the decisions they made. Despite this admission and a thousand other pieces of evidence, certain internet trolls have continued to argue that the Fed is a benign institution at worst and is essential to a sound economy! So , wasn’t the originally stated purpose of the Feds creation to prevent the very kind of thing which happened in 2008, is happening now, and has happened periodically ever since 1913 and even before? These people don’t even need an excuse because they know that… Read more »
“He who controls the money supply of a nation controls the nation.”
This article is absolutely correct. I read the book Reckless Endangerment by Pulitzer Prize winner Gretchen Morgenson and Joshua Rosner. That book goes into detail about how Wall Street banks and Fannie Mae/Freddie Mac manipulated congressmen and regulators to get rich at the expense of the country.
Although I disapprove of Jefferson’s loose editing of the Bible, I do agree with him on this point:
https://www.azquotes.com/vangogh-image-quotes/35/4/Quotation-Thomas-Jefferson-The-end-of-democracy-and-the-defeat-of-the-American-35-4-0403.jpg
Benjamin Franklin wrote, “There was abundance in the Colonies, and peace was reigning on every border. It was difficult, and even impossible, to find a happier and more prosperous nation on all the surface of the globe. Comfort was prevailing in every home. The people, in general, kept the highest moral standards, and education was widely spread.” U.S. Representative, Charles Binderup, Unrobing the Ghosts of Wall Street, July 5, 1941. “Only a virtuous people are capable of freedom. As nations become more corrupt and vicious, they have more need of masters.” -Benjamin Franklin “This Constitution…can only end in despotism…when the people… Read more »
Very nicely done, but it sucks nothing will be done about it. That is unless I could do something about it!