Brainwashing and Propaganda Techniques used by the Media and their CIA "Handlers"

Clear cases of propaganda arise when a group uses extensive means to persuade others of some "truth" without any opportunity for opponents to disagree or offer a rebuttal.

Ever since the CIA-OSS Operation “Mockingbird” (officially beginning in the early 1950’s) which began under CIA Director Allen Dulles, the Agency has placed CIA Assets and Stringers in positions of control over ALL Media resources in the United States and many foreign countries. CBS is the most perfect and exposed example where CIA Director from 1976-77 George H. W. Bush, and Frank Carlucci (a CIA hit man) were on the Board of CBS. CBS is further controlled by the Carlyle Group, and shuns all efforts at fairness (the firing of Gen. John Batiste for having an opposing view to the Iraq War.)

The Media uses a brainwashing tactic through Propaganda as follows:

A point is made and re-made repeatedly without changing the substance or allowing another opposing view. This is called Propaganda.

The Media makes a scapegoat for the Propaganda it is offering; e.g. IRAQ and Weapons of Mass Destruction. No credible evidence was actually shown to support this belief. Moreover, no investigative reports were conducted. No opposing view was allowed; those who tried were prevented from doing so; e.g. the firing of General John Baste.

The position (Propaganda) is promoted by a constant repetition, on a regular and recurring basis.

Fear is often raised in the targeted group or the group is made to feel that some person or event has deceived them.

Propaganda is the manipulation of ideas, images, and symbols to persuade a large group of people to think a certain way. The goal of Propaganda is to prevent people from questioning the message or from thinking critically outside the parameters of the message so that the message is considered an unchallengeable truth.

There are various examples of Propaganda throughout the world. However, since Propaganda can be defined in a variety of ways, (according to an individual's ideology and perception of the world) it is easier to start with a hypothetical situation:

Suppose there is a country where a person has ascended to power. That person wants to convince the citizens of that country that they should think, for instance, that there is a group of people that are evil. In order to successfully make people believe that and follow that belief, the leader will come up with a slogan (or slogans) that contain the message he or she would like people to believe. The slogan has to reach all the people in the country, so the leader would use the Media to broadcast the message in a variety of ways. The leader could also use governmental institutions to convey the message, in addition to influencing non-governmental entities to further put out the message. Bush used Propaganda continually with his slogans; e.g. The Axis of Evil!

One example from history of a leader who used Propaganda was Adolf Hitler, who created a government that disseminated Propaganda through movies, art, the radio, newspapers, speeches, schools, youth programs, and other cultural and political outlets.

The reason why Hitler is a useful example of someone who used Propaganda is because his program was formalized, and many people agree that he exemplifies a person who used it "effectively"; there is not much disagreement or debate that he used it at all - it is accepted as fact.

Again the reader should understand: Clear cases of Propaganda arise when a group uses extensive means to persuade others of some "truth" without any opportunity for opponents to disagree or offer a rebuttal.

Certain personality traits of the brainwashing targets can determine the effectiveness of the process. People who commonly experience great self doubt, have a weak sense of identity, and show a tendency toward guilt and absolutism (black-and-white thinking) are more likely to be successfully brainwashed, while a strong sense of identity and self-confidence can make a target more resistant to brainwashing.

We must always be vigilant of the Media and its propensity for Propaganda, and we must require of the Media that opposing views be allowed. This is a fundamental requirement of democracy and the purpose of the First Amendment - a “Free Press”. The Media must be removed from all government control, or exposed for its role as a protagonist of government interests.

The Controlled Media and its Role in Government

I have been attacked by the Media because I have dared to take on the most corrupt organization our country protects, the Banking System, whose acknowledged fraud has devastated our economy not just once but many times in our history, as such I find it fitting to expose this system. There is NO free Media. There is NO free and independent Press. The Media, in all of its facets, is well connected to the CIA and under its control. I have just finished a book exposing the connections and I name names, this article is a preview:

OPERATION MOCKINGBIRD

Operation Mockingbird, the planned CIA Infiltration of the media brought under the CIA fold ALL media outlets including CBS. This Operation began in the mid 1940’s and to this day the CIA has stringers in control of all media outlets.

Now for the punch line: Who controls CBS, and Colleen McCarty, its Las Vegas Nevada local “investigative” reporter? Ms. McCarty reports the news as she is instructed to report it.

CBS currently has two CIA Stringers on its Board of Directors. They are George Bush Sr., an acknowledged CIA asset going back to 1960 and the head of the CIA from 1976-77, and Frank Carlucci a CIA hit man sent to the Congo to assassinate Patrice Emery Lumumba, the African anti-colonial leader in 1960. The Carlyle Group is also heavily involved, as were the Bin Laden Family.

Westinghouse Electric Corporation, who owns CBS, is one of the main servicers of the U.S. Defense Industry, and closely tied to the US Government and the Government s’ main interests, “the Banks”.

For decades CBS has been accused of slanting the news, for example the famous firing of Gen. John Batiste over his VoteVets ad, was because he dared to come out publicly and criticize our involvement in the IRAQ war against the policy of CBS who supported it. Could it have been because of the CIA assets sitting on the Board of Directors of CBS?

The Carlyle Group and the CIA control CBS. They control and are responsible for overseeing the content expressed in its news. They also are so powerful that they control the direction of the US Government and its war making policy.

CBS lacks any credibility. Their news is propaganda approved first by the CIA.

The Fed in Denial as EndGame Nears

Ben Bernanke who is now chairman of the Federal Reserve System has no idea how to salvage the financial meltdown, and in fact he has no idea how to extricate the Federal Government itself from the meltdown. Bernanke’s idea is to throw another (2) trillion dollars at the banks, a secret funding planned through AIG to its trading partners (e.g. Goldman Sachs, Bank of America, Merrill Lynch, UBS, JPMorgan Chase, Morgan Stanley, Deutsche Bank, Barclays and hedge funds

All indications are that the Government could very well collapse over this meltdown. The main reason: we cannot continue printing money without placing the country at risk of hyper-inflation and its result a depreciated currency. The reality is the rest of the world may: (i) refuse our currency in payment, (ii) require us to pay in Euros, or (iii) require additional collateral. The currency we use as a medium of exchange will under this tremendous pressure depreciate, and eventually it must collapse as a currency.

Foreign governments such as China to whom we owe (1) trillion dollars are already nervous. Chinese merchants have been secretly buying up American foreclosed property in bulk, for pennies on the dollar, through deals with major banks and multi billion dollar packages, and so have merchants from India.

China is owed so much money because they are our manufacturers, and we are not in balance with our trade deficit. They are capable of shutting down all foreign trade with the United States. I repeat ALL FOREIGN TRADE WITH THE UNITED STATES! If that happens it is expected that the people will riot and loot and crime will escalate, all these effects will cause the Government to move troops into the states and take control. This is exactly what is planned and what they want … Don’t fall into the trap

The very first decision to bail out AIG, made last fall, after Lehman collapsed, was made by former Treasury Secretary Henry Paulson, along with former New York Fed official Timothy Geithner, Goldman Sachs CEO Lloyd Blankfein, and Fed Chairman Ben Bernanke. It was allegedly because they feared a systemic failure could be triggered by AIG's inability to pay the counterparties to all the sophisticated instruments AIG had sold (they were referring to the Credit Default Swaps). AIG's trading partners, who actually are receiving this money through our bailout payments to AIG, are Goldman Sachs, Bank of America, Merrill Lynch, UBS, JPMorgan Chase, Morgan Stanley, Deutsche Bank, Barclays, and some dubious Hedge Funds. The AIG bailout has been a way to hide an enormous second round of cash to the same group that had received Billions in TARP money already. TARP is the Troubled Asset Relief Program that has already paid out some 350 Billion Dollars. And because of this AIG bailout these banks continue to foreclose on American homeowners.

The public needs to know that this bailout of AIG, (e.g. Goldman Sachs, Bank of America, Merrill Lynch, UBS, JPMorgan Chase, Morgan Stanley, Deutsche Bank, and Barclays) allows these predators to continue foreclosing on American Real Estate. A serious question is raised by this government involvement, what is the real motive behind these bailouts?

We have witnessed what unleashed printing presses can do. Recent history provides ample evidence of the reactionary inflation with photographs of consumers and wheelbarrows full of money to buy groceries.

The German hyper-inflation following World War I, though not the worst hyper-inflation in the 20^th Century (that honor belongs to Hungary 1945-46 and Yugoslavia 1992-94), is certainly the most famous. Stories abound of people carrying money in wheelbarrows. Actually wheelbarrows were rarely, if ever used to carry money. Suitcases were the preferred method.

The inflation was triggered by a huge increase in the nation's money supply, caused in part by the heavy demands of the reparations placed upon Germany following its loss in World War I. Soon an inflationary mentality set in. Merchants would raise prices automatically. People would hoard goods, figuring the price would go up, thus causing shortages. The German Central Bank (The Reich Bank) issued vast quantities of money.

Does anyone see any similarities?

In economics, hyper-inflation is inflation that is very high or "out of control", a condition in which prices increase rapidly as a currency loses its value. Although there is a great deal of debate about the root causes of hyper-inflation, it becomes visible when there is an unchecked increase in the money supply. Hyper-inflation is often associated with wars (or their aftermath), economic depressions, and political or social upheavals.

This is the endgame, the Government ,as we know it ,may well cease and a new form of government will then take its place - the police state as envisioned by George Bush and the other insiders going back decades. The same people that were around Bush and who created and manipulated this crash, are in charge of salvaging the system, they are:

1 Timothy Geithner,

2. Ben Shalom Bernanke

3. Larry Summers

4. Paul Volcker

5. Peter R. Orszag.

6. Rahm Emanuel

7. Robert E. Rubin

8. Maurice Greenberg, and of course

9. Henry Kissinger

If Obama were really an independent thinker and really wanted to change Washington, why does he have around him the same people that TRASHED OUR ECONOMY? this is equivalent to hiring a “pyromaniac” for the fire department.

What does a collapse really mean? It means that most of the social programs will cease, and the type of government will drastically change. We will see a police state invoked as the fed attempts to maintain control over an economy mired and falling into an abyss. The Government will then be run by the large corporations now surrounding Washington and close to the last Administration, where this was all set in motion. It will be a Fascist form of government similar to the governments of Germany and Italy during the Second World War, where the mega corporations and the government merge.

As the system collapses, as I believe it may, there will be leaders who will spring up, take control, and help the economy to move forward. Though it will take time, what we need and what they will do is to reopen our manufacturing here at home. Employ those who are unemployed, and create a separate medium of exchange similar to a barter system. We have lacked leadership in this country for decades it is time men of conscience came forward to lead again.

We must understand that we are engaged in a struggle for the very survival of our system of governance. No doubt, it has been corrupted, but that blame rests with us for allowing it.

The Eternal Fight for the Truth

More than 2000 years ago, one man threw the moneychangers out of the temple; this struggle has never ended.

If history is to teach us anything at all, it is that the moneychangers, who we now call Banks, control everything, the Media, the Courts, the Government, yes especially the Government. In addition, they are even able to control the emotions and thinking processes of our people, a populace so easily driven to a lynch mob mentality by virtue of the subliminal message they receive, their mind softened to deception.

Ignorance prevails in our society, because we no longer have the independent capacity to think for ourselves. We accept as true what we see on the television screen, the nightly entertainment and melodrama called The News, a fiction unfolding before our very eyes for ratings, a fiction that we dare not challenge, deception in the form of entertainment that we as consumers accept as true.

But, one thing that will not change is the reality that life is a journey, and we are all on the same path, we may take different turns and directions in our life and on our journey, but the end is the same for us all. Yet, though we are all on the same path, we for some reason will not stand together; we are separated and divided by design and the result is we lack the true spirit of survival, we lack the ability to see into the darkness, and find the light so cleverly hidden. We are thus so easily conquered by manipulation.

The enemy is not any smarter than we, perhaps more clever and deceptive, and controlling with the money they steal from us, and protected by those with whom they share our spoils, but definitely not smarter than we. And we, unthinking, are so accepting of our place as the servant of them rather than the master of all.

Television, like the Roman Coliseums, are an opiate to dumb us down, to twist our view of reality, to make those who are the good portrayed as the villain and the villain as the loyal servant for the good of man. The Banks loan to us our own money, for which we so nobly pay tribute. Our fate sealed in a debt we have neither created nor undertaken, we listen so intently and accept as we are deceived, that we have become the servant of them, and not as intended, the master of all.

Make no doubt about what we face, an apocalyptic event is unfolding, the lie becomes the truth and the truth becomes the lie. Yet it is inevitable that we will see into the darkness, and the truth will ultimately prevail.

The deception is that to win we really lose, the mask is removed, and we thus become what we really are!

An Economic Collapse is now Eminent

From an article by David Icke..

It is clear that America is on the brink of an economic catastrophe the like of which it has never seen. And, of course, it is not alone. A similar story can be told around the world.

The foreclosure figures are staggering as families and others lose their homes through no fault of their own on a scale that, according to current projections, is destined to become a real tsunami.

The credit explosion was orchestrated through Illuminati agents like Alan Greenspan, who represents the interests of the Illuminati's Bilderberg Group, Council on Foreign Relations, Trilateral Commission and other far more exclusive and sinister secret societies.

Greenspan was the long-time head of the privately owned 'US central bank', the Federal Reserve. Once his policies had manipulated as much personal and commercial debt as possible, the plug was pulled on the system to trigger what is designed to be global economic meltdown.
Greenspan, who led 'the Fed' under Reagan, Father Bush, Clinton and Boy Bush, operates at a deeper level within the Illuminati network than most of their public figures.

This, then, is the man who was controlling the United States economy from 1987 to 2006 and who, as planned, oversaw the insane economic policies that led to the current global collapse. Go to another level of understanding and you can see that Greenspan and other Illuminati place-men throughout the world knew exactly what they were doing and what the outcome was planned to be.

Greenspan got out just before the true scale and consequences of his manipulation came to light. It has been left to others, including his successor at the 'Fed', Ben Shalom Bernanke, to offer the 'solutions' to the problems that Greenspan and his like created. All of these 'solution' people are controlled by the same force that was, and is, behind Greenspan. This is why Obama has named blatant insiders to his 'economic team' who were fundamentally culpable in the very collapse they have been appointed to 'address'.

These include Tim Geitner, Larry Summers, Paul Volcker etc., who are all stalwarts of the same Bilderberg Group-Council on Foreign Relations-Trilateral Commission network as Greenspan, they have no intention of finding a 'solution' that will benefit the people of America or anywhere else.

Neither does Obama's Budget Director, Peter R. Orszag. It was Orszag who advised the Russian finance ministry at the time when oligarchs were raping the Russian economy and stealing its resources and he was a financial advisor to the Icelandic central bank just before the Iceland banking system crashed. Great 'choice', Mr. Obama.

During the Clinton administration, Orszag worked with Obama's White House Chief of Staff, Rahm Emanuel, on imposing the NAFTA 'free trade' agreement that has cost incredible numbers of American jobs - exactly as planned. Emanuel served in the Israeli army and is the son of a terrorist with the notorious Irgun, one the terror groups which bombed Israel into existence after World War Two. It was Emanuel who said after Obama's election: 'You never let a serious crisis go to waste'.

Emanuel, a cold and vicious piece of work, is directly controlling Obama and the White House in league with senior White House advisor, David Axelrod, who ran Obama’s election campaign and oversees the writing of the speeches that he reads from the teleprompter screens.

Most of 'Obama's' economic place-men are fundamentally connected to Robert E. Rubin, the Treasury Secretary under Bill Clinton, who oversaw financial deregulation that led ultimately to the current crisis. Rubin recently resigned from Citigroup after encouraging the policies that led the company to the brink of collapse. In January 2009, Rubin was named by Marketwatch as one of the '10 most unethical people in business and his protégés and close associates are now running the US economy under Obama.

Another massive blow to economic confidence came when the hedge fund “manager”, Bernard Madoff, revealed that he'd 'lost' $50 billion of his clients' money. He says he acted alone.
Other financial disasters which have collapsed the markets include American International Group (A.I.G.), the insurance giant headed by Maurice Greenberg, which is responsible for paying the billions to the Banks to allow them to continue foreclosing on American homes!
It has just announced losses of $61.7 billion for the final three months of 2008 - the biggest quarterly loss in corporate history.

Greenberg is extremely close to Henry Kissinger, one of the Illuminati's most vociferous global manipulators of the last 50 years. Kissinger was appointed chairman of A.I.G.'s International Advisory Board in 1987.

Are all these people just breathtakingly incompetent? No, no, no. Their role for the cabal is to destroy the economy and America in general by, among many other things, triggering the financial crisis and then wasting staggering amounts of borrowed money - trillions of dollars - to ensure that there is no way back.

A US TV ad apparently said that if you spent a million dollars a day every day from the alleged birth of 'Christ' to today you would still not spend as much as Obama is spending in borrowed money in his 'stimulus' package - let alone the other fantastic sums on top of that to 'bail' out the banks.

They have worked super-fast, using fear and the Obama hype as their weapons, to throw more petrol on the fire in the full knowledge that this will make matters worse, not better. Bush's 'bail out' of the banks has disappeared from the radar with nothing to show for it and now Mark 11, Mr. Change, is fronting up the spending of another three trillion.

The biggest recipient of bail-out money has been Maurice Greenberg's A.I.G, which has been given $180 billion in borrowed money that the American taxpayers, and their children, are now responsible for repaying. Rubin's Citigroup is in for $50 billion of borrowed 'government' money. But will any of this money ever be repaid?

The idea is not only to collapse the American economy, but to throw so much money at the problem (the banks mostly) as quickly as possible so that the response options of the government are zero by the time the economy really crashes on the scale that is planned.

The same is being orchestrated around the world, as we see in Britain where the Prime Minister, Gordon Brown, is also hurling borrowed money at the banking system as the situation continues to get worse. Brown was Chancellor of the Exchequer, in charge of the country's finances, right through the Blair years when he pursued policies that mirrored those of Greenspan.

The State of the Economy

According to the National Retail Federation, the Retail Industry overall saw a 2.8% decline during the November-December 2008 holiday season. The Federation expects sales for the first half of 2009 will be down 2.5% from a year ago, and it is expected to drop even further as 2009 progresses.

Although retail spending is down overall, high-end chains have witnessed a particularly startling decline. Saks, for example, the owner of Saks Fifth Avenue, reported a 14.4% sales decline for its fourth quarter, which ended Jan. 31, compared with the same period a year ago. Neiman Marcus Group reported a 22.8% drop in comparable store sales for the same three months.

Cutbacks by affluent consumers the mainstay of the Airlines and Auto Industry, are clobbering those industries. Last year was the worst year for automakers in more than a decade, with vehicle sales falling more than 18% for the "big six" -- General Motors, Chrysler, Ford, Toyota, Nissan and Honda -- and according to the Bureau of Transportation Statistics (BTS) the number of passengers booked on U.S. domestic flights declined 3.3% in the first 10 months of 2008.

The statistics are mired in distraction as large companies and industries downsize. The U.S. scheduled passenger airlines employed 6.7 % fewer workers in December 2008 than in December 2007, the sixth consecutive decrease in Full-Time Equivalent employee (FTE) levels for the scheduled passenger carriers from the same month of the previous year, and the largest year-to-year decrease since December 2003, the U.S. Department of Transportation's Bureau of Transportation Statistics (BTS) reported. The December FTE's 391,918 for the scheduled passenger carriers was the lowest total since 1993. FTE calculations count two part-time employees as one full-time employee.

Passenger Counts:

Northwest Airlines Corp.and Delta Air Lines Inc. both reported decreased passenger counts in November 2008, as the U.S. airline industry saw its biggest drop in scheduled domestic and international passengers since January 2002, according to statistics released by the U.S. Department of Transportation. The number of passengers fell 12.8 % to 54 million industry-wide in November from a year earlier. November is the most recent month of data available.

U.S. airlines operated 767,100 scheduled domestic and international flights, down 11.9% from November 2007.

Eagan-based Northwest Airlines ranked seventh among U.S. airlines based on the number of passengers, but it saw the biggest decline from a year ago, falling 20.7% to 3.3 million in November 2008.

Northwest’s parent company, Atlanta-based Delta (NYSE: DAL), ranked third with roughly 5.6 million passengers in November 2008, down just 2.9% from the November 2007.

Dallas-based Southwest Airlines Co. finished first with more than 7.4 million passengers for the month, down 10 % from a year ago.

Through the first 11 months of 2008, the number of scheduled domestic and international passengers on U.S. airlines dipped 3.5% to 684.1 million. (Department of Transportation Statistics).

During that period, Northwest ranked sixth among U.S. carriers with about 45.3 million passengers (down 8.6 % from a year ago) and Delta was third with 65.8 million (down 2.1 %) Southwest again finished first with 94 million passengers (up 0.1%).

Meanwhile, Hartsfield-Jackson Atlanta International Airport remained the busiest U.S. airport during the first 11 months of 2008, with 39.6 million domestic and international passenger boardings.

At the moment, the uneasiness among high-end consumers is more about fear than real economic hardship. Though unemployment has risen for college-educated professionals, it remains relatively low, hovering around 3%. That is a lot lower than the 10% rate for workers without college degrees; but reports of layoffs at companies, such as Citigroup, Microsoft and law firm Clifford Chance and others, have made it clear that even the highly educated are not safe or immune from the economic downturn - a downturn caused by the greed of the Banking Industry, Wall Street, and an Administration that lacked both focus and direction.

Like us here in the real world, the affluent are worried about their jobs and they are worried about their access to credit. To date layoffs have been witnessed in the Medical Field and in all of the trades, industries and professions. No one is immune!

All of that is making people much more cautious as to what they are going to spend and on what is important to them. Consumer confidence is both crucial and lacking today as the economy slips further into a real deep routed and devastating Depression from which few will emerge unscathed.

Consumer confidence -- a measure of how consumers feel about the strength of the economy and the availability of jobs -- is now at its lowest level since the Conference Board began its confidence survey in 1967, 42 years ago.

Wealthy consumers typically have more money at risk in investments than the average person and consequently are more likely to have taken a substantial hit from the wreck of the stock market. With the Dow Jones Industrial Average down more than 40% from its October 2007 highs, the damage has been extreme in many cases. Even those who entrusted their capital to high-end hedge fund managers have experienced hefty losses. According to Hedge Fund Research, a firm that studies the industry, the average hedge fund was down about 18% in 2008.

Then there is the bloodbath in Real Estate. America's affluent families have joined the rest of the nation in looking on with dismay as the value of a single-family home has fallen more than 18% in just the past year, as measured by the S&P/Case-Shiller 20-city index. (New York City home values have held steadier than most, however.) Yet in places like California, Nevada, Utah, Washington and Florida the downturn is much higher, averaging more than (40%) in some areas of the country.

The loss of capital has left many affluent families feeling more vulnerable than ever before. No longer can they rely on the cushion of capital to see them through the loss of a high-paying job. The loss of a salary would mean the loss of the lifestyle they have grown accustomed to. It is relative “we”- all of us - tend to live above our means.

The economy has been impacted at all levels of income. Why? Because of one single industry whose greed has left the world reeling in dismay, as families are torn apart and personal and corporate bankruptcies soar.

The Banks' Fraud Disclosed

By the end of the first quarter of 2003 just over 4% of all Real Estate Loans made by Commercial Banks in the United States were either in default status or in foreclosure.

The problem really began even before the subprime loan explosion!

And it got worse, as the ARM (Adjustable Rate Mortgage) loans were more readily commercialized beginning in 2004. Foreclosure filings were reported on more than 2.3 million properties, or 1 in 54 homes, in 2008. That is an 81% increase from 2007 and a 225% increase from 2006, according to Foreclosure Data Firm, RealtyTrac.

Yet this all began prior to 2003, which was at the height of Commercial Bank Fraud.

Nevada led the nation with the highest foreclosure rate of 7.29%, followed by Florida at 4.52% and Arizona at 4.49%. The U.S. foreclosure rate as offered by the government was 1.84% for the year, if we accept their figures as accurate (?), and we do not!

All 50 states were aware of the Bank Fraud as early as the first quarter of 2003, but none did a thing to protect their citizens! Why? Were the Attorneys Generals on the take? I suspect many were, as I suspect were many State Court Judges and some Federal Judges and State and Federal Legislatures!

State Moratoriums and Stays from Freddie Mac and Fannie Mae had helped slow the pace of foreclosures for the fourth quarter of 2008, but by December, that effect had worn off. The number of foreclosure filings in December 2008 jumped 17% from November and 41% compared with December 2007, according to RealtyTrac. And with prices continuing to slide in most markets, more Americans are now making a conscious decision to walk away from their homes whose upside down values make way for a diminishing return.

"Clearly the foreclosure programs implemented to date have not had any real success in slowing down this foreclosure tsunami," James J. Saccacio, RealtyTrac's Chief Executive, said in a statement. (As if these programs had any real teeth or intent.)

Call it a case of too little too late, says Rod Dubitsky, Credit Suisse Managing Director, who now forecasts 8.1 million foreclosures over the next four years, up from his April estimate of 6.5 million. (Which by the way is about half the real expected number.)

"The absence of doing something (about this) on the front end has created far bigger problems on the back end," he says. Even now, struggling homeowners are having a hard time getting their banks' attention to avoid default.

Rising unemployment and the spike in foreclosure activity in December have many economists predicting a much longer real-estate recession than they had originally expected. Rick Sharga, a Senior Vice President at RealtyTrac, also expects 2009 to be far worse than 2008. And this time, he says, the culprit isn't subprime loans, but people with fixed-rate mortgages losing their jobs and the collapse of many of those stated-income loans.

The banks must stand behind the problem they created, and the Government MUST stop rewarding those who have committed the Fraud!

Let the Banks fall, their incompetence and greed has caused the Third Great Depression of the past 102 years.

Give the borrowers a moratorium!