Matt Weidner – Fighting With The American People

Posts Tagged ‘New Financial Collapse’

ZOMBECK

America is in the midst of a retirement crisis. Over the last decade, we’ve witnessed the wholesale gutting of pension and retiree healthcare in this country. Hundreds of companies have slashed and burned their way through their employees’ benefits, leaving former workers either on Social Security or destitute — and taxpayers with a huge burden that, as the baby boomer generation edges towards retirement, is likely to grow. It’s a problem that is already affecting over a million people — and the most shocking part is, none of this needed to happen.

As Ellen E. Schultz, an investigative reporter for the Wall Street Journal, reveals in her new book, “Retirement Heist,” it wasn’t the dire economy that led these companies to plunder their own employees’ earnings, it was greed. Over the last decade, some of the biggest companies — including Bank of America, IBM, General Motors, GE and even the NFL — found loopholes, abused ambiguous regulations and used litigation to turn their employees’ hard-earned retirement funds into profits, and in some cases, executive compensation. Schultz’s book offers a relentlessly infuriating look at the mechanisms they used to get away with it.

the theft of the American pension

The following information comes from one of those fringe type places.  The indications of trouble for Bank of America have been around for a long, long time now, but those indications are really getting more intense now.  The rumored potential imminent collapse of Bank of America would come as now surprise to anyone who has suffered through the futility of working with Bank of America.  The arrogance, the lack of respect, the total failure of rational and reasonable business judgment has become synonymous with Bank of America…not too hard to imagine that they may not pull out of this nosedive…and now for the details:

Put down Reckle$$ Endangerment, or Exiles in Eden or whatever novel you’re currently reading about the financial armageddon we’re in and click on Nye Lavalle’s After The Storm Report….it’s a gripping encyclopedia with names, dates and serial numbers that document the collapse we’re all still right in the middle of.  The only problem is the title…the storm at nearly over.  If it seems a little more quiet, that’s just because we’re in the eye of the hurricane

This book is a tome, dense with detail and long on facts.  At some point in time when this entire economy and country are fully collapsed we’re all going to be sitting around wondering why our elected and appointed “leaders” ignored all of the evidence that is painstakingly documented by Lavalle and others.  True, a big part of the explanation is outright corruption…none of those in power, either at the state or national level, are willing to bite the corporate hands that are feeding them quite well, thank you very much.

I’m convinced that the Geitners, Bernakes, Paulsons, Clintons, Bushes and Obamas of the world know that we are too far gone down this perilous road to turn back now. I’m convinced  that the global banking elites sit down with the “leader” du jour and explain that if they push to hard against the machine the entire world will come collapsing down. Rioting in the streets. Looting. Chaos.  And so we keep hobbling along going deeper and deeper into the abyss.  All the while becoming more and more intertwined with the evil that was wrought so long ago.

I picture the incestuous relationship of systematic, pervasive banking fraud and our government not unlike a deeply imbedded glioblastoma….the growth becomes so imbedded, so immeshed so wholly connected that removing it becomes difficult or impossible, a parasite that becomes so connected with the host so as to become one.

It’s far too late to wonder “How did we get here?”  That kind of academic inquiry is wasted time and useless energy. This is all treason and economic terrorism and ultimately subjugation of an entire world of people.  As a Middle Class American (whatever the hell that means anymore) do you really think you’re much better off than more “primitive” people living in central America or Asia or any other less “free” or less “democratized” world….well, time to re-orient your worldview.  The United States is propping up a fiction of economic stability and we have been for some time now.  As a nation, we are exponentially over leveraged and that means each of us individually are dramatically over leveraged.  Whatever your debt picture is, just add several zeros.

It’s with all this very big picture stuff in mind that I start of to fight my day, every single day, shooting at the nuclear powered warships and black helicopters with my trusty bb gun…..all the while wondering, “why are we so outnumbered on this side of the battlefield?”

After the Storm?  Not hardly…..Right in the Eye of It….

AfterTheStormFinal

This morning’s St. Petersburg Times ran a gut-wrenching story on the death of the United States Space Program.  The United States was a proud and awesome country…once.   Read the story and feel the pride and genius and dedication and commitment and hard work that was our space program.  And now it’s gone.  Dead. Over.

Now just think about how insane and stupid this whole country is.  We spent bajillions on wars all around the world.  We’ve carpet bombed entire regions, killed millions of people….and for what?  What did we accomplish with all of that?  And why?  And now that the boys and girls are coming home, what will become of them?  What will these combat trained warriors do to keep themselves occupied?

But back to the space program…once the buildings are shuttered.  Once the machines and the electronics are mothballed….they cannot be restarted.

Is it just utter, systemic, long term stupidity from our “leaders” going back at least a decade or is this all something worse?  As horrific as this thought must be, I almost hope that there is at least some plan in the works here…but then again….nothing seems to make sense anymore.

ST. PETERSBURG TIMES

The US economy collapsed in 2008 and we would have fallen into an economic and  societal abyss had the federal government not taken massive interventions that we’ll be paying for for decades to come.  As we know from the investigations that are now being made public, and which will continue to develop in the years to come, Wall Street Fat Cats teamed up with shifty players from the mortgage industry to monetize then liquidate the single largest collection of public wealth ever accumulated….the equity Americans held in real estate.  The unchecked, unregulated and unrestrained business practices allowed two entire sectors of the economy- real estate/mortgage and Wall Street/finance to merge together in an orgy of greed, fraud and deceit.  The “screw the rules”, “everyone for themselves” culture eventually led to collapse.

Apparently we didn’t learn our lesson because these same attitudes and business practices have infected our court rooms across the country.  The results will be a new round of financial chaos because the land title industry simply cannot pay the claims that will come when the results of the improper court practices are litigated in the decades to come.

Reuters Article on Bankruptcy of LandAmerican