Re: Dialogo reale tra operatori di borsa svoltosi l'11 Luglio...

Inviato da  Descartes il 27/9/2008 0:46:29

Le 3 conferme definitive della cospirazione (reggetevi forte):

1 - BERNANKE STA RICATTANDO IL CONGRESSO
Art Cashin riporta la voce che la Fed non sta intenzionalmente tagliando i tassi di interesse, in modo da fare pressioni sul congresso. In altre parole Ben Bernanke sta ricattando il congresso, come se spargesse benzina sul pavimento del sistema finanziario USA e tenesse in mano un fiammifero acceso minacciando che se il congresso non fa come dice lui lo lascerà cadere.


Art Cashin, who has been on the floor of the stock exchange for a very long time, said that The Fed would cut today except that it would take pressure off our officials.

In other words Ben Bernanke is blackmailing Congress by spreading gasoline all over the floor of the US Financial System and then holding a lit match and chortling that if Congress doesn't do as he demands he will drop it.

I agree. The Effective Fed Funds rate has been trading 50 basis points or more below the 2% target for five straight days now, and for the last two days, it has traded 75 basis points under. The IRX is demanding an immediate rate cut. The Slosh has been intentionally drained by over $125 billion in the last week and lowering the water in the swamp exposed one dead body - Washington Mutual - which was immediately raided on a no-notice basis by JP Morgan. Not even WaMu's CEO knew about the raid until it was done.

Congressional response to this sort of blackmail should be a bill to repeal The Federal Reserve Act and/or to remove Ben Bernanke from office.

The Fed claims to be an "independent central bank." They are nothing of the kind; they are now acting as an arsonist. The Fed and Treasury have claimed this is a "liquidity crisis"; it is not. It is an insolvency crisis that The Fed, Treasury and the other regulatory organs of our government have intentionally allowed to occur.

http://market-ticker.denninger.net/archives/593-CONGRESS-STOP-AND-THINK!.html&s=fr&pop=l&news=m

2 - La CNBC sta facendo in tv una spudorata campagna a favore della proposta di legge per farla passare. La CNBC è posseduta dalla General Electric, ma controllata dalla Goldman Sachs. Tutto il personale manageriale della CNBC, incluso Jim Cramer, sono ex dipendenti della Goldman Sachs.

..e 3 (rullo di tamburi): NON HANNO MAI VOLUTO SALVARE IL SISTEMA: VOGLIONO CHE COLLASSI!!!
- L'analista Ben Stein, molto addentro l'ambiente da anni, in un suo articolo ha svelato l'indizio rivelatore finale, la chiave di tutta la crisi:

How did it happen?

Here's one big part of the answer. First, the alert reader will notice that Ben Stein said many times that the amount of money at risk in the subprime meltdown was just not enough to sink an economy of this size. And I was right...to a point. The amount of subprime that defaulted was at most - after recovery in liquidation - about $250 billion. A huge sum but not enough to torpedo the US economy.

The crisis occurred (to greatly oversimplify) because the financial system allowed entities to place bets on whether or not those mortgages would ever be paid. You didn't have to own a mortgage to make the bets. These bets, called Credit Default Swaps, are complex. But in a nutshell, they allow someone to profit immensely - staggeringly - if large numbers of subprime mortgages are not paid off and go into default.

The profit can be wildly out of proportion to the real amount of defaults, because speculators can push down the price of instruments tied to the subprime mortgages far beyond what the real rates of loss have been. As I said, the profits here can be beyond imagining. (In fact, they can be so large that one might well wonder if the whole subprime fiasco was not set up just to allow speculators to profit wildly on its collapse...)

These Credit Default Swaps have been written (as insurance is written) as private contracts. There is nil government regulation of them. Who writes these policies? Banks. Investment banks. Insurance companies. They now owe the buyers of these Credit Default Swaps on junk mortgage debt trillions of dollars. It is this liability that is the bottomless pit of liability for the financial institutions of America.

Because these giant financial companies never dreamed that the subprime mortgage securities could fall as far as they did, they did not enter a potential liability for these CDS policies anywhere near their true liability - which again, is virtually bottomless. They do not have a countervailing asset to pay off the liability.

This is what your humble servant, moi, missed. This is what all of the big investment banks and banks and insurance companies missed. This is what the federal government totally and utterly missed. This is what the truly brilliant speculators in these instruments did not miss. They could insure a liability they could also create and control. It is as if they could insure a Cadillac for its value upon theft - but they could control what the value the insurer had to pay off was. The insurer thought it might be fifty thousand dollars - but it was manipulated into being two million.

This is the whirlpool sucking down finance.

Now, we are about to have a similar phenomenon happen with commercial mortgage debt, debt from mergers and acquisitions, credit card debt, and car loan debt. Many trillions of dollars in Credit Default Swaps have been sold on all of this, and the prices of all of them have fallen and can be made to fall more.

As I said, the pit of loss is bottomless. Warren Buffett, the smartest man of all time in the world of finance, has called financial derivatives - of which Credit Default Swaps are a prime example - "weapons of financial mass destruction." And so they are. As with the hydrogen bomb, no one thought they would ever be used to end the world. But unless someone figures a way out - and maybe the new RTC is and maybe it isn't - we are in real peril. This should never have happened. Now that it did happen, should the taxpayer pay to make the billionaire speculators whole on their bets? What the heck is to be done?

fonte: truth on subprime crisis

Traduco il punto chiave:

"La crisi è avvenuta (per farla semplice) perchè il sistema finanziario ha permesso a certe entità di piazzare scommesse sul fatto che questi mutui venissero pagati o no. Non devi possedere un mutuo per piazzare una scommessa. Queste scommesse, chiamate Credit Default Swaps, sono complesse. Ma, in sostanza, esse permettono a qualcuno di fare profitti immensi - colossali - se un grande numero di mutui subprime non sono pagati e vanno in default."
[...]
(Infatti, questi profitti possono essere così grandi, che uno potrebbe chiedersi se l'intera crisi dei mutui subprime non sia stata messa in piedi apposta per permettere agli speculatori di guadagnare sul loro collasso...)

E non è finita: poichè il debito dei CDS, a differenza di quei due tre trilioncini di cui si parla in questi giorni, è talmente grande che gli Stati Uniti e nemmeno la fed potrà MAI ripagarlo (si parla di decine di volte tutta la ricchezza del pianeta, 516 Trilioni contro i 49 Trilioni di gdp mondiale), in realtà lo scopo di chiunque abbia messo su questa truffa deve essere un altro: ovvero ricattare gli Stati Uniti e probabilmente l'intera economia globale:

Now that is what leads to the real meat of what he's saying, the "Elephant in the Room", That Which Shall Remain Unspoken:

"They now owe the buyers of these Credit Default Swaps on junk mortgage debt trillions of dollars. It is this liability that is the bottomless pit of liability for the financial institutions of America."

Somebody, somewhere, is blackmailing the economy. Because somebody, somewhere, is owed these TRILLIONS of dollars. And it is THEY who are holding a gun to the economy and demanding payment, and all of Wall Street, and even the Fed, cannot pay this debt.

So WHO is this Tony Soprano-like world figure? Who are these people? Why are we not identifying them, and talking to them, and negotiating with THEM, whoever they are, to keep from bankrupting the American economy in their favor?

Somebody, somewhere, is blackmailing the entire United States economy. Somebody, somewhere, has a gun to our head. And to the head of the American government.

I want to know who they are. I want them identified.

Who are they? And why are we willing to bankrupt the entire country in order to pay them off?

Somebody, somewhere, has way more power than they should have. Who?


http://www.dailykos.com/storyonly/2008/9/23/133349/153/556/607628