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.

Foreclosing on America

There are currently 111 Million households in the United States, of which 67% are owner-occupied, single-family housing units; this equates to 74 Million homeowners.

The Government acknowledges that about 6.5% of these households are in the foreclosure process, which would mean, if we accept for argument that the Government has not downplayed the problem, that approximately 4 Million, 810 Thousand homes are currently facing foreclosure and a like number have already been foreclosed.

This does not include apartment complexes and commercial property!

How did we get in this mess?

In February 2004 several banks and traders from Wall Street met in the offices of Deutsche Bank to “create” the sub prime model. Those banks that were involved in the initial planning of the Sub Prime Mortgage Securitization were Deutsche Bank, JP Morgan Chase, Goldman Sachs Group Inc., Bear Stearns, and Citigroup Inc.

The Group was able to deal in securities and to create this failed model, loaning money to people that had no means of repaying those loans, because of one man, Allen Greenspan, (previously a Director at JP Morgan) and the crusade of the Banks to repeal the Glass Steagall Act.

Glass Steagall was enacted in 1933 during the height of the most devastating Depression our country has experienced prior to 2008.

Again this Depression was caused by Wall Street and the greed of Bankers that have placed this country in the middle of another great Depression, and the Federal Reserve System who completely lacked oversight, allowed this to happen!

This is not an issue of incompetence it is an issue of deception; Bankers buying the favors of Congress, their lobbyists, paying Millions of dollars in legal Bribes for the favors they ask. That favor was the repeal of the Glass Steagall Act, accomplished in 1999 by a Republican Congress and a Democrat in the White House who signed the bill.

The citizens of our country, have been used by the Bankers whose motivation have been profit driven. We have been stripped of our assets, both our homes and our businesses, and our economy devastated by economic war, generated by Wall Street and its insatiable appetite and greed, even the price of oil was driven by the Bankers futures market.

Our working class has been disenfranchised as their jobs were promoted first to Mexico, then to China leaving good jobs out of the reach of some 22 Million American workers, a legacy of the Bush/ Reagan socialist plan for One World Governance.

As the domino effect collapses the American Banking System, Congress came to their aid; in return, the Banks gave our politicians the money to run their campaigns for public office. We, the Taxpayers, are expected to bail out our enemy. They devastate our economy, take our homes, and we pay for the privilege of allowing this to occur.

As of this writing, Congress has made gifts of over 1.5 Trillion Dollars of Taxpayers’ money to Wall Street Banks, investment Houses, Credit Card Providers and insurance Companies. More than 135 banks so far have gained taxpayer aid; Credit Card Giant American Express received $3.39 Billion. And commercial finance company CIT Group received $2.33 Billion.
Wells Fargo, U.S. Bancorp and Bank of America collectively received $46.6 Billion. JP Morgan Chase also reached for the green spoon.

At least 14 banks receiving taxpayer help are privately held banks that do not have publicly traded stock.

In addition, the following regional banks sold preferred equity stakes to the Federal Government, in an expected expansion of the already failed program to stabilize the U.S. banking system: KeyCorp, Huntington Bancshares, Fifth Third Bancorp, SunTrust Bank, Comerica, Northern Trust and Capital One Financial all agreed to participate in the program, in which the Treasury Department will invest $250 Billion in capital from the Troubled Asset Relief Program, (TARP), into banks for the purpose of encouraging what the Government has termed “stalled lending.”

PNC Financial Group acknowledged it had accepted a $7.7 Billion investment through the program, as it agreed to a $5.7 Billion deal to acquire National City. Capital One and SunTrust announced the two largest investments, with $3.55 Billion and $3.5 Billion, respectively. Fifth Third accepted a $3.4 Billion infusion, KeyCorp took in $2.5 Billion, Comerica got $2.25 Billion, Northern Trust received $1.5 Billion and Huntington garnered $1.4 Billion.

We should understand that the Asset Relief Program sponsored by Congress and to be paid by us is only the beginning. The real purpose of this bailout is to allow the Banks to continue foreclosing on American homeowners.

Congress was created to protect the public, so why is Congress aiding the Banks and Insurance Companies and other large businesses and not you- the consumer?