We are going into the most Revolutionary Period of Change this Country and this World has ever seen , on every front. A revolution of liberty , a revolution of tyranny – everything is in flux – we are now entering the vortex. ” They ” are making the move – Police State , Hijacking of Health care just like the taking over of the Banking system.
No oversight , no liability for the Government – the complete blueprint of Total Tyranny – for every sector of the economy and life.
” Our system of Government is Falling – we’re going into Foreign Bank Receivership ” – Alex Jones.
The United States [Bail Out Nation] Government Treasury and Ultra Secret , Ultra Private Federal Reserve continue to pour Money into the private sector to rescue Banking Companies from themselves at Taxpayer Expense. $700 Billion USD to Banking Thieves.
Banks that Screw Up the Most get the Most Bailout Money at the Expense of Taxpayers. Hardly a competitive free-enterprise system now is it? No One is “TOO BIG TO FAIL” but then again this is Socialism – Nationalization on Bush’s Watch – not capitalism.
Citigroup [C] after Losing another $8.3 Billion USD in the most recent quarter is Splitting into Two Entities – Reorganizing into Citicorp [Good Bank] and Citi Holdings [Bad Bank]. Shares [C] NYSE are down to 3.50 a share.
Bank of America [BAC] – even after Receiving another $20 Billion USD in TARP Taxpayer Bailout Money and a Loan Guarantee of $118 Billion USD for its toxic Merrill Lynch unit – the stock [BAC] NYSE dropped to $7.18 a share.
It’s not only the USA who has Nationalized their Banking Sector look at AIB Allied Irish Banks and the Huge RBS Royal Bank of Scotland. If not for Taxpayer Bailouts issued by the government the Shareholders would be Wiped Out.
RBS – Royal Bank of Scotland said its Losses for the full year could be 28 billion GBP [$41.3Billion USD]. That would be the Biggest Loss Ever by a British Corporation.
Ron Paul is working on a solution unlike George Bush.
Coming off its worst weekly loss on record , the DJIA on Monday had it’s Largest Ever One Day Rise [ Up an Astounding Record 936 points] easily crushing the previous daily record of 499 points. These are Interesting Volatile Times we’re living in.
Just don’t be surprised if this suckers rally doesn’t last. Dramatic movement can go both up and down , as we have witnessed in todays volatile world.
The government abruptly announced an $85 Billion USD Federal Reserve Loan to BAILOUT insurance giant AIG. AIG FP lost more than $10 billion in 2007, and $14.7 billion in the first six months of 2008. AIG agrees to repay the loan with asset sales and give the government a 79.9% equity stake in the company.
The financial sector in the USA is facing a huge crisis. When you have two big companies like BearStearns and Lehman Disappear, and Merrill Lynch being absorbed, that tells you volumes about the difficulties being faced by the financial sector in America. It has become a field day for short sellers, who are picking off the undercapitalized financial outfits.
After turning down a shot at buying all of Lehman Brothers over the weekend, British bank Barclays just picked up the core of the USD $4 Billion investment bank for $250 million. Barclays also bought Lehman’s New York headquarters building and a couple of data centers for USD $1.5 Billion. The buildings cost six times more than the whole bank itself:
BARCLAYS PRESS RELEASE:
The Board of Barclays announces that Barclays has agreed, subject to US Court and relevant regulatory approvals, to acquire Lehman Brothers North American investment banking and capital markets operations and supporting infrastructure. The transaction will create a premier integrated global bulge bracket investment banking company with a leading presence in all major markets and across all major lines of business including: equity capital markets, debt capital markets, mergers and acquisitions, commodities trading and foreign exchange.
Barclays will acquire trading assets with a current estimated value of £40bn (US$72bn) and trading liabilities with a current estimated value of £38bn (US$68bn) for a cash consideration of £0.14bn (US$0.25bn). Barclays will also acquire the New York headquarters of Lehman Brothers as well as its two data centres at close to their current market value.