tisdag 19 maj 2009

The Alex Jones Show: Webster Tarpley "The 1.5 Quadrillion Derivatives Scam"

Alex welcomes Webster Tarpley on March 10th, 2009, author of Obama - The Postmodern Coup. Webster talks about the quadrillion dollar derivatives scam that is at the heart of the global financial crisis.

The Alex Jones Show: Webster Tarpley "The 1.5 Quadrillion Derivatives Scam"

Jag hoppas innerligt att alla tar sig tid att lyssna igenom nedanstående film. Jag lägger ut del ett och sedan får man klicka sig vidare. Totalt 12 avsnitt men som sagt viktig information att ta del av.

The Obama Deception Part 1/12

Gömställen finns inte inför den stora kollapsen
But,” adds Prof Johnson, “there’s a deeper and more disturbing similarity: elite business interests – financiers, in the case of the US – played a central role in creating the crisis, making ever-larger gambles, with the implicit backing of the government, until the inevitable collapse.” Moreover, “the great wealth that the financial sector created and concentrated gave bankers enormous political weight.”Now, argues Prof Johnson, the weight of the financial sector is preventing resolution of the crisis. Banks “do not want to recognise the full extent of their losses, because that would likely expose them as insolvent ... This behaviour is corrosive: unhealthy banks either do not lend (hoarding money to shore up reserves) or they make desperate gambles on high-risk loans and investments that could pay off big, but probably won’t pay off at all. In either case, the economy suffers further, and, as it does, bank assets themselves continue to deteriorate – creating a highly destructive cycle.”

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