Financial Coup d’Etat 101, Bailout,Preceding Time,Explained

[vigilant]

Considering the checkered post immediately above, I suppose then...


That would make one of these:
Black Swan’ Author Sees Trouble Exceeding 1930s

one of these:
An autograph...


Autograph, scenario graphed by person, that automatically runs to fruition when set in motion, which is the "handiwork" of the plotter, and with those hands he signs his autograph, with symbols and sines that portend the future...


Black Swan is a stock market chart pattern that looks like a Swan or a Duck, and the handiwork of an autographer. If it walks like a duck, and it quack like a duck, its a duck.........this stuff never ends does it?


I'm even crackin myself up with that one....

[vigilant]

I could only read this article with 'vigilant' glasses!

The Great Solvent North
By THERESA TEDESCO
Published: February 27, 2009

Canadians found inspiration in Hamilton’s model, but not all Americans did. In the 1830s, President Andrew Jackson opposed extending the charter of the Second Bank of the United States, perceiving it as monopolistic. Money-lending functions were then assumed by local and state-chartered banks, eventually giving rise to the free-market, decentralized system that America has today.

Today, Canada’s system remains truer to Hamilton’s ideal. The five major chartered banks, the few regional banks and handful of large insurance companies are all regulated by the federal government.

Since Mr. Obama seems to admire the Canadian banking system, his administration might want to take a page out of its playbook.

This would entail building a national banking system based on a small number of large, broadly held, centrally and rigorously regulated firms. Imitating the Canadian model would require sweeping consolidation of American banks. This would be a very good thing. Washington had difficulty figuring out the magnitude of the financial crisis because there are so many thousands of banks that it was impossible for regulators to get into all of them.

Washington is already on the path to achieving consolidation. Eventually, some of the larger banks into which the government is injecting taxpayer money will probably be deemed beyond help, and will either be allowed to die or be partnered with other banks. The market will take its cues from this stress-testing, and make its own bets on which banks will survive. It’s hard to predict how many will have survived when the dust settles, but the new landscape might consist of only 50 or 60 banking institutions. More radically, Washington could take over the licensing of banks from the states, or, at the very least, consider more stringent regulation of global and super-regional banks. After all, the Canadian system is considered successful not only because it has fewer banks to regulate, but because regulation is based on the tenets of safety and soundness.

Much more chalkboard screeching at:
http://www.nytimes.com/2009/02/28/opini ... desco.html

I just now really read this one good. I see what you mean about the 'glasses'. This thing is treachorous to read and is a mirror world author's dream. Letting the 2nd Bank of The United States take over with local and state chartered banks, etc....it all sounds like exactly what we would prefer.

The reality was that this was the renewal of the international bankster scam. The United States is a corporation, and it owns the country, and its peoples. We don't realize it, but we want that U.S. tag thrown out with the bathwater...I like that part where it said, "became the land of the free"....

That is some funny, not so funny stuff. Yes it became the land of the free. The land was now owned by people who didn't have to participate as wage slaves. The land was taken out of our possession. Property cannot be bought and sold, legally only the title can be bought or sold, and usage goes with title, and an ability to transfer usage rights with a title transfer.

The land belongs to the "free" and not to the title holder. Try selling some land sometime without a title and see....Every 77 years the slaves are released and the land goes back to its rightful owners. If its rightful owners do not realize they now have possession of their land again, and do not claim it, then by default it goes back to the masters again.

I'm not sure about this part, but I think the way the law is written, if you are poor it is because you are not possessing title to property, and if poor cannot own property. Owning is holding title I think, without the land actually being yours.

These terms, tenant, tenet, slave, land, indentured servant, property, owner, title, lien, etc....they don't mean what we think they mean. Somewhere, it might be possible to find the definitions, the rabbit hole ones, that have the last "mean" but I can't remember.


This is priceless....

Washington had difficulty figuring out the magnitude of the financial crisis because there are so many thousands of banks that it was impossible for regulators to get into all of them.

yeah no kiddin........

[vigilant]

Can you say, "Regardless of how disinterested you are, and how low the degree of your rage, if we the royals cannot incite you into violence, we will by damn, insinuate that you are pissed off, so that we can pass more draconian laws."

Which begs the question, "damn, you practically already watch us piss in our own homes with all your cameras, what else do you need?"

These people are so busy provoking a riot that will not develop it must be driving them crazy. Or....they are getting ready to pull the money from the banks to a degree that will leave no penny left in the peoples pockets.

It is one or the other, which I do not know.




UK: Contingency Plan for Deployment of British Army in Case of Bank Riots March 2nd, 2009

Let me know if there’s a better source on this.

Via: Daily Express:

TOP secret contingency plans have been drawn up to counter the threat posed by a “summer of discontent” in Britain.

The “double-whammy” of the worst economic crisis in living memory and a motley crew of political extremists determined to stir up civil disorder has led to the ­extraordinary step of the Army being put on ­standby.

MI5 and Special Branch are targeting activists they fear could inflame anger over job losses and payouts to failed bankers.

One of the most notorious anarchist websites, Class War, asks: “How to keep warm ­during the credit crunch? Burn a banker.”

Such remarks have rung alarm bells in Scotland Yard and the Ministry of Defence.

Intelligence sources said the police, backed by MI5, are determined to stay on top of a situation that could spiral out of control as the recession bites deep.

The chilling prospect of soldiers being drafted on to the streets has not been discounted, although it is regarded as a last resort.

What worries emergency planners most is that the middle classes, now struggling to cope with unemployment and repossessions, may take to the streets with the disenfranchised.

The source said “this potent cocktail is reminiscent of the poll tax riots which fatally wounded Margaret Thatcher’s government in 1990”.

Last night Scotland Yard vowed it was ready to face any threat. A source said: “We do have a policing plan in place and we have riot police officers trained for such measures.”

But other senior police leaders fear the force will be unable to cope.

Were that to be the case, the ­Government has a contingency plan to deploy troops on the streets of Britain’s major cities.

[vigilant]

Some numbers speak for themselves. 401k plans have been deemed, "too easy for 401 holders to cash in on". What does that mean? It means that by damn, we want you to put it in, but its too easy for you to get it out when you see us coming to take it, so we gotta do a better job of letting you put it in, but never get it out.

rabbit hole travelers can make of the highlited and non highlited numbers what ever you will.......both are signifigant.



Delphi Allowed to Cancel Benefits for 15,000 Workers
March 1st, 2009

Via: Bloomberg:

Delphi Corp., the bankrupt auto- parts maker, won permission to cancel health-care benefits for 15,000 current and former salaried workers, saving $1.1 billion as it tries to emerge from court protection amid falling vehicle sales.

U.S. Bankruptcy Judge Robert Drain in New York issued the ruling today after witnesses for Troy, Michigan-based Delphi testified the cuts were vital to its survival because its lenders demanded them. About 1,600 objections were filed by workers.

Ending the benefits will save $70 million a year and eliminate $1.1 billion of debt, Delphi said. The company has said its value has fallen so much that it may be unable to cover debt accrued while in bankruptcy. Robert Vican, a Delphi employee who retired in 2001 after almost 37 years at the company, said the ruling would be especially painful for elderly former workers.

“It’s a real shame,” said Vican, of Hemlock, Michigan. “It’s an easy way out, to take something away from people who can’t do anything about it. The majority of these people bent over backward to satisfy that company.”

The parts-maker won approval in January 2007 of a Chapter 11 turnaround plan that valued the company at about $12.8 billion. That value was later reduced to $7.2 billion. Delphi wasn’t able to implement the plan in April because investors led by Appaloosa Management LP backed out of an agreement to provide as much as $2.55 billion, saying the company failed to meet conditions.

‘Terminate the Benefits’

Delphi’s bankruptcy lenders “have made it very clear that the company has a fiduciary duty to terminate the benefits,” Delphi’s lawyer, John Butler Jr., told the judge. “They simply will not support having discretionary liabilities of this magnitude on the reorganized balance sheet.”