A SWINDLE CALLED SECURITIZATION
Media Saint Needed;
The TV network spin on finance/political events that they call daily news must be inspired by a higher power. Some say it must be the devil. Maybe so, but something as busy as a Devil looking after Buckfush and NEOCONS and Axelrod and Emmanuel the Israel Lobby, would need a Saint to help out on the creative side. Voila! We have a suggestion for chief Saint of our TV and other news media. It has got to be Joseph Goebbels. Only Joe could ignore disaster and catastrophe and find daily victory reports. In the tradition of master Nazi Joe and his daily victory reports from the collapsing eastern front, we have a question. Whose and what weapons and what circumstances are going to "do-in" modern media? Your thoughts are invited.
There is talk about a shadow system of finance that has caused the collapse of world credit markets. This shadow system has a name called securitization. It is the practice of financial crime and fraud of a scale beyond thought. The shadow system is the consequence of an infection of the mind that cause people to believe that perpetual (mortgage) debt, money at interest and stock markets are natural. (The fact that these contradict all know religions is not reported anywhere.) The mind infection mutated to global virulence when brokers and stock exchanges were allowed to become corporations and sell stock shares in themselves.
In that peculiar year, when Pres Nixon was forced to resign, a virtually secret cult called primary dealers were able to control and trade all US Government debt world wide by computer.
This was the richest mother lode of wealth on the planet, and it was controlled to work against the US national interest if necessary to make a profit for the cabal, says Jack Boot, secret agent, US civil servant assigned to protect the well being of global corporation executives.
In the fullness of time the cabal and their associates in hedge funds,etc caused Commercial bankers to lose control of the corporate loan business. The great merchant corporations, just like brokers and banks could sell shares on the now corporate stock exchanges. The term corporate market capitalization became the measure of global greatness compared to the once controlling measure called bank capitalization. The great bankers were being undercut by their own customers. Known previously in financial literature as investment bankers, these once bank customers now like to be known as Hedge funds, Buy out-M&A experts, etc. They could now operate in the global stock markets independent of bank dominance. A financial civil war was inevitable. But we get ahead of our story, says Jack Boot, secret agent just stopped in for some free libation. We never decline to imbibe with Jack. What ever his story, we never show indifference to Jack Boot, US Civil Servant, Secret Agent in charge at the G-20 conference.
In a moment of lapsed concentration we broke protocol and interrupted and asked Jack Boot to cut to the chase. Overwhelmed with our mistake and fearing retribution, we immediately offered a refill or change of mix. He accepted both. Tension was greatly reduced. Jack, eyes stern, lips drawn narrow, voice on the cusp of impatience said, " the chase is this."
The financial cohort once esteemed as investment bankers of high society have mutated to become creatures of the Moloch, God of perpetual debt, money at interest, and stock exchange(mortgage) swindle finance, father of all pollutions. The instruments of this God move in society as commercial paper, mortgages, national debts and credit card receivables along several other types of accounts receivables. We gasp at this revelation from a top level secret agent.
The mental infection of the public mind caused by God Moloch is in the demonic trinity of Principal (P) multiplied by rate of interest (r) in the passing of time (T) will provide income (I). Therefore I=PRT. No other God in the Cosmos can cause things to grow without air, earth, water or sunlight, except God Moloch. Read the book; MONEY: The 12th and FINAL RELIGION, he says.
What does this have to do with credit cards and commercial paper, blurts The Montreal Market Medium? Just in by following the scent of fresh libation, the medium obviously doesn't know the risks associated with Jack Boot like we do. Surprisingly, Jack is gentle with the blurting Medium.
The entire shadow financial system is based on the flow of interest and charges rising from the credit cards, says Jack. You see stupid one, Jack says directly and quietly to the Medium. It is the mixing of the heinous fees and rates from credit cards that make securitization possible. The interest and fees from the cards make it theoretically possible to project double digit returns from a mix of lower interest rate short term commercial paper, home mortgages when all is mixed together as a financial instrument. This is why the Congress will not legislate unfavorably to the credit card system. They are complicit in financial crime against the national interest, chuckles Jack at the irony of the situation.
The shadow system is limited by the Moloch rule of I=PRT. There is only so much money available at any time in the system to pay fees and charges, but the Moloch system has been absorbing the money by fees and charges at an ever faster rate because more money is needed to support ever more securitization of paper. Now the financial market has choked because incomes are not there to pay fees to keep the accelerating system alive. The substitution of credit card credit for wages shortfall beginning in the 1980s was deliberate, says Jack Boot. Before we could ask for explanation, the rustle of fabric and power of Chanel dominates the room according to the arrival of Emma of Kazabazua. She comes to us in deep trance as Loco Lolla.
If Jack Boot is so smart, how come he doesn't know about the totally bogus paper with equally bogus rates of return that insiders knew was bogus and made insurance type bets that they could collect because they knew it would never pay as agreed that was flooded on the market, challenges Loco Lolla. For every billion of paper there maybe trillions of bets waiting to be paid because the phony paper can't pay, screeches Loco. We try to shush Loco out of the room to give her more time to recover from her deep trance past life contact.
The Montreal Market Medium is bemused. Jack Boot, secret agent, is charged by career to protect the greatest criminal fraud in history. It is obvious that the system is approaching a sort of civil war where the commercial banking industry as threatened by the shadow financial system of mutated investment bankers is fighting for its life. So far the central bankers have always won. Four American Presidents assassinated. One purged by "Watergate". They destroyed Giannini and his chain banking threat with the great depression. WWII destroyed the German threat to stock exchange finance. The Cold War kept financial thought in a deep freeze. Now the struggle is against the shadow financial world of securitization. Which side will Jack Boot come down on?