Page 1 of 1

GG's GeoEconomic Thread

PostPosted: Mon Mar 01, 2010 4:53 pm
by ghostgirl
Ok I'm acting on a hunch here, so I'm not sure exactly where this thread is going and I won't be the least surprised if no one replies to it... :rofl: But anyway, hopefully if I have time I'll eventually be able to use this thread to tie some stuff together?! :fingers_crossed:

Basically I have this vague idea of trying to tie together some fairly disparate GeoEconomic events relating to my current interest in "Disaster Capitalism", and, to start this thread off, I think something very fishy is going on regarding todays announcement of the Prudential's massive buy-out of AIA ( the Asian branch of AIG).

For one thing we're talking about a figure of more than $35 billion here, that's probably more funds than are being allocated to bail out an entire country (Greece).

AIA is the Asian Branch of AIG. The Asian market is only now recovering. The Structural Adjustment Programs imposed on Indonesia for example included elimination of government subsidies, elimination of price controls, massive privatization of all publicly owned goods, etc.) They were then forced on a nation receiving a loan from the IMF actually cause the nation's economy to spiral downwards, which include a huge increase in unemployment, a drastic reduction of real wages, skyrocketing inflation, crackdown on dissidents, etc.

Are the Disaster Capitalists moving in on Asia (China, Malasia, Thailand, Indonesia, Sri Lanka...) to once again forcibly destroy the emerging markets from the inside out??

Goldman Sachs (The US investment bank dubbed the 'vampire squid'), Credit Suisse, Deutsche Bank, Morgan Stanley, et al, they are always behind these massive takeovers, just look at the recent Goldman Sachs Greek controversy!!

And how the hell DID the Pru get from serious trouble to being able to invest $34 billion in under three years?? :confused: :confused:

October 16, 2007 -

Prudential Falls as Goldman Says It May Need Capital

Prudential Plc, the U.K.'s second- biggest insurer, fell the most in at least 20 years after Goldman Sachs Group Inc. said the company is more likely than peers to need additional capital...

...The worst stock decline since 1987
and an increase in corporate bond defaults are weighing on insurers' capital. They typically hold between 20 percent and 30 percent of investors' assets in the corporate-bond market, leaving them open to writedowns, said analyst Kevin Ryan at ING Groep NV in London.

Prudential has ``significant exposure to corporate debt,'' London-based analysts led by Will Morgan and Johnny Vo wrote in a Goldman note to clients dated Oct. 15. ``The company can withstand 850 million pounds ($1.5 billion) of impairments before it would need to take action,'' the Goldman analysts said.

The FSA, the London-based financial regulator, has eased some of its capital requirements amid increasing concerns about insurer's health, the Financial Times reported today.

Article continues here ...

October 29 2008 -

Why the Goldman Sachs-AIG Story Won’t Go Away: Jonathan Weil

How did so much taxpayer money end up in the coffers of American International Group Inc.’s too- big-to-fail customers? The more we find out, the more it becomes obvious we still don’t know the half of it.

It’s the story that won’t go away: Was last year’s federal rescue of AIG a back-door bailout for the likes of Goldman Sachs Group Inc., Societe Generale SA, Deutsche Bank AG, Merrill Lynch & Co. and other large banks? And who exactly were the regulators trying to protect when they seized control of the insurance giant in September 2008? The banks? Or the rest of us?

To believe AIG’s disclosures, you’d have thought its executives decided on their own last year to pay 100 cents on the dollar to the various banks that had bought $62 billion of credit-default swaps from the company. Now, thanks to an Oct. 27 story by Bloomberg News reporters Richard Teitelbaum and Hugh Son, we know otherwise.

It turns out the decision to make the banks whole wasn’t AIG’s. It was made by the Federal Reserve Bank of New York, back when its president was the current U.S. Treasury secretary, Timothy Geithner, and its chairman was Goldman Sachs director Stephen Friedman. (Friedman resigned from the New York Fed in May, after the Wall Street Journal reported he had bought more than 50,000 shares of Goldman stock following AIG’s takeover.)

Article continues here ...

February 12, 2010 -

Goldman Sachs has been chosen as one of the banks that will manage the US$10B + listing of AIG’s Asian unit in spite of the political controversy over Goldman’s actions during the insurer’s near collapse in Y 2008.
People close to the situation said Goldman was one of 7 banks that had been selected as “Bookrunners” for the initial public offering of AIA, AIG’s flagship life insurance division.

AIA’s listing on the Hong Kong stock market, is expected later this year, and is crucial to AIG’s plans to start repaying the US$80B + it owes the US government.

Goldman’s selection underlines its strength as an equity underwriter in Asia, and the fact that the political storm in the US over its role during AIG’s crisis has not soured its relations with the insurer and its government paymasters. The US government owns 80% of AIG after bailing it out in September 2008.

Article continues here ...

February 28 2010 -


Greek deal puts Goldman Sachs in the firing line – again

...As the most successful bank on Wall Street, and because of its reputation for paying some of the highest bonuses, Goldman has faced unprecedented public criticism. There is outrage that, having taken government money to survive the crash, Goldman is in such rude financial health and is handing out billions to its bankers. And there is anger that Goldman received the second-largest payout of taxpayer cash via the US government's bailout of the insurer AIG.

Under pressure, the bank's chief executive, Lloyd Blankfein, recently apologised for its role in the financial crisis and announced a $500m pledge to small businesses. He said: "We participated in things that were clearly wrong and have reason to regret. We apologise."

This month, Goldman unveiled bonuses for senior staff that were far lower than expected in a bid to mollify public opinion. In London, staff payments were capped at £1m, while executives were awarded shares, rather than cash, which cannot be sold until 2015.

Looking to the future, Goldman, like all investment banks, is threatened by plans announced by Barack Obama that would prevent banks trading purely for their own account and ban them from owning hedge funds and private equity firms. That means banks would have to choose between owning an insured depository or owning proprietary trading operations and holding stakes in hedge funds and private equity firms. They would, however, be able to continue proprietary trading related to their customers' businesses, as well as undertake conventional investment banking for clients...

If Obama can get his plans through Congress, banks could be broken up with riskier operations spun off. Whether the so-called masters of the universe can get around that one remains to be seen.

Article continues here ...

March 01 2010 -

Prudential swoops on AIG to become Asia's biggest insurer
Prudential has agreed to buy the Asian business of troubled AIG in a $35bn deal that makes the UK company the biggest insurer in Asia.

Prudential is paying about 50pc more than its current market value for AIG's Asian business, with $25bn coming in cash and a further $10.5bn in new Prudential shares. The insurer is seeking to raise $20bn through the biggest-ever rights issue by a British company.[/b]

Having been suspended before the trading day began in London, shares in Pru fell shortly after the deal was announced.

Pru's new chief executive, Tidjane Thiam, has identified south-east Asia as a "sweep spot" as the economies of Hong Kong, Korea, Thailand and Malaysia enjoy much faster growth than the more developed economies in the West. The deal, which will see AIG scrap exisiting plans to float its Asian business, hands Pru 20 million new customers in the region.

"If you look at the price, it shows the company is very bullish on the Asia market," Luo Yi, an analyst at China Merchant Securities, told Bloomberg.

Prudential, which has eclipsed Aviva as Britain’s largest insurer, believes that its own renewed strength following the financial crisis will allow it to drive the deal through.

Prudential will continue to be headquartered in London but will also list its shares in Hong Kong. The increased focus on the Far East could be followed by Prudential’s exit from Britain, where it has operated since 1848.

AIG was preparing a float of AIA in Hong Kong to raise up to $20bn in order to help repay the $182bn pumped into the business by the American taxpayer. Robert Benmosche, the chief executive of AIG, said that a sale of the business "enables AIG to realise value on a faster track to repay the US taxpayer."

March 01 2010 -


Prudential Plc Says It’s in ‘Advanced’ Talks With AIG About AIA

...McKinsey & Co. has estimated Asia will deliver around 40 percent of global life insurance premium growth over the next five years.

AIG’s board approved the sale of AIA and Federal Reserve and Treasury Department officials signed off on it, the Wall Street Journal reported today, citing people familiar with the situation.

Prudential’s offer may tempt other insurers to bid for AIA, especially if AIG were prepared to lower its asking price, said Eamonn Flanagan, a Liverpool-based analyst at Shore Capital Group Plc who has a “buy” rating on the stock.

AIG hired about seven additional banks to help manage an IPO for AIA in Hong Kong, according to five people familiar with the decision.

Credit Suisse, CCB International, Goldman Sachs Group Inc. and UBS AG were among banks due to work with the original sale managers, Deutsche Bank AG and Morgan Stanley, said the people, who declined to be identified before a public announcement.

Article continues here ...

February 28, 2010 -

ASIAN Market Week Ahead

Political unrest once again dominates the news reports about Thailand, but investors in Thai stock market and those investing in exchange traded funds (ETFs) remained unmoved about the reports. Instead, investors understand the true situation is not as it is repoted in the International Media and are far more focused on Thailand’s recovery in exports, private investment and household spending.

Article continues here ...

GG's GeoEconomic Thread

PostPosted: Mon Mar 01, 2010 5:52 pm
by annie27
There is one thing I am sure of ,if Goldman Sachs are involved beware They are FINANCIAL TERRORISTS :mad: and they are running the White house ,
Seems the headlines are being created to affect the market price of stocks ;)

[Link To Youtube Video]

GG's GeoEconomic Thread

PostPosted: Wed Mar 03, 2010 7:19 pm
by ghostgirl
Nice one, thanks Annie, if you find anything else post it here please :wave:

GG's GeoEconomic Thread

PostPosted: Wed Mar 03, 2010 7:27 pm
by ghostgirl
Wednesday, March 3, 2010 by the Associated Press
Army Awards Lucrative Iraq Contract to KBR

by Kimberly Hefling and Richard Lardner


WASHINGTON - Defense giant KBR Inc. was awarded a contract potentially worth $2.8 billion for support work in Iraq as U.S. forces continue to leave the country, military authorities said Tuesday.

KBR was notified of the award Friday, a day after the company told shareholders it lost about $25 million in award fees because of flawed electrical work in Iraq.

The company was charged with maintaining the barracks where Staff Sgt. Ryan Maseth, a 24-year-old Green Beret, was electrocuted in 2008 while showering. The company has denied wrongdoing, and investigators said in August there was "insufficient evidence to prove or disprove" that anyone was criminally culpable in Maseth's death.

The uproar over his death triggered a review of 17 other electrocution deaths in Iraq and widespread inspections and repairs of electrical work in Iraq, much of it performed by KBR.

Dan Carlson, a spokesman for the Army Sustainment Command, said the new contract is for one year, with an option for four more. KBR will handle logistics support, transportation mission, and postal operations.

KBR has long been the military's largest support contractor in Iraq, providing troops with everything from mail and laundry to housing and meals. The new award was made through a revamped contract structure intended to foster competition among companies.

"The award demonstrates that the government recognizes KBR's ability and expertise in delivering high quality service in challenging contingency environments," KBR said in a statement.

Charles Tiefer, a professor of government contracting at the University of Baltimore Law School and a vocal critic of KBR, called the award an "outrage" because of the company's record in Iraq.

"Giving KBR this contract while denying them award fees for their enormous problem of accidentally electrocuting soldiers amounts to rapping them on the knuckles on one hand while handing them a multibillion dollar deal in the other," said Tiefer, who is also a member of the independent Commission on Wartime Contracting.

Last October, the Defense Contract Audit Agency criticized KBR for having more employees in Iraq than were necessary. The excess, the agency said, was unnecessarily costing U.S. taxpayers.

KBR said it had reduced the size of its work force in Iraq consistent with guidance from U.S. military commanders. The company also fired back at the audit agency for its "heavy-handed intrusion" into the military's complex logistics process.

Carlson said Army Sustainment Command is working closely with commanders in Iraq to make sure the contractor work force is properly sized to support pullout operations in Iraq.

Article Source

What does this mean? It means the Dick Cheney's personal wealth will increase a few more million$. :banghead: :banghead:

GG's GeoEconomic Thread

PostPosted: Wed Mar 03, 2010 8:05 pm
by ghostgirl
As predicted in my earlier posts...

Published on Wednesday, March 3, 2010 by
Mercenaries Circling Haiti

by Bill Quigley

On March 9 and 10, there will be a Haiti conference in Miami for private military and security companies to showcase their services to governments and non-governmental organizations (NGOs) working in the earthquake devastated country.

On their website for the Haiti conference, the trade group IPOA (ironically called the International Peace Operations Association until recently) lists eleven companies advertising security services explicitly for Haiti. Even though guns are illegal to buy or sell in Haiti, many companies brag of their heavy duty military experience.

Triple Canopy, a private military company (that's MERCENARY to you and me!! GG) with extensive security operations in Iraq and Israel, is advertising for business in Haiti. According to human rights activist and investigative reporter Jeremy Scahill, Triple Canopy took over the Xe/Blackwater security contract in Iraq in 2009. Scahill reports on a number of bloody incidents involving Triple Canopy including one where a team leader told his group, "I want to kill somebody today...because I am going on vacation tomorrow."

Another company seeking work is EODT Technology which promises in its ad that its personnel are licensed to carry weapons in Haiti. EODT has worked in Afghanistan since 2004 and provides security for the Canadian Embassy in South Africa. On their website they promise a wide range of security services including force protection, guard services, port security, surveillance, and counter IED response services.

A retired CIA special operations officer founded another company, Overseas Security & Strategic Information, also advertising with IPOA for security business in Haiti. The company website says they have a "cadre of US personnel" who served in Special Forces, Delta Force and SEALS and they state many of their security personnel are former South African military and police.

Patrick Elie, the former Minister of Defence in Haiti, told Anthony Fenton of the Inter Press Service that "these guys are like vultures coming to grab the loot over this disaster, and probably money that might have been injected into the Haitian economy is just going to be grabbed by these companies and I'm sure they are not the only these mercenary companies but also other companies like Haliburton or these other ones that always come on the heels of the troops."

Naomi Klein, world renowned author of The Shock Doctrine, has criticized the militarization of the response to the earthquake and the presence of "disaster capitalists" swooping into Haiti. The high priority placed on security by the U.S. and NGOs is wrong, she told Newsweek. "Aid should be prioritized over security. Any aid agency that's afraid of Haitians should get out of Haiti."

Security is a necessity for the development of human rights. But outsourcing security to private military contractors has not proven beneficial in the U.S. or any other country. Recently, U.S. Representative Jan Schakowsky(IL) and U.S. Senator Bernie Sanders (VT) introduced bills titled "Stop Outsourcing Security" to phase out private military contractors in response to the many reports of waste, fraud and human rights abuse.

Human rights organizations have long challenged the growth in private security contractors in part because governments have failed to establish effective systems for requiring them to be transparent and for holding them accountable.

It is challenging enough to hold government accountable. The privatization of a public service like security gives government protection to private corporations which are also difficult to hold accountable. The combination is doubly difficult to regulate.

The U.S. has prosecuted hardly any of the human rights abuses reported against private military contractors. Amnesty International has reviewed the code of conduct adopted by the IPOA and found it inadequate in which compliance with international human rights standards are not adequately addressed.

This is yet another example of what the world saw after Katrina. Private security forces, including Blackwater, also descended on the U.S. gulf coast after Katrina grabbing millions of dollars in contracts.

Contractors like these soak up much needed money which could instead go for job creation or humanitarian and rebuilding assistance. Haiti certainly does not need this kind of U.S. business.

In a final bit of irony, the IPOA, according to the Institute for Southern Studies, promises that all profits from the event will be donated to the Clinton-Bush Haiti relief fund.

Bill is Legal Director at the Center for Constitutional Rights and a law professor at Loyola University New Orleans. He is a Katrina survivor and has been active in human rights in Haiti for years with the Institute for Justice and Democracy in Haiti.

Article Source

See what I mean? Doesn't take long for the Disaster Capitalist Vultures to start circling! :mad1: :mad1:

GG's GeoEconomic Thread

PostPosted: Wed Mar 03, 2010 8:17 pm
by ghostgirl
Published on Tuesday, March 2, 2010 by The Capital Times (Wisconsin)
How Goldman Sachs Wins No Matter What

by Mary Bottari

The steady stream of revelations regarding the role Goldman Sachs has played in the fleecing of Europe should reinvigorate efforts in Congress to rein in the reckless trading that could send the global economy into another tailspin.

To recap, Greece and a number of other European Union countries are dangerously in debt. EU rules say member countries cannot have budget deficits that exceed 3 percent of their gross domestic product. The Greek government recently revealed that its debt is closer to 12 percent of GDP. Other countries including Spain, Ireland, Italy and Portugal are also in trouble. Like our behemoth banks, these countries are "too big to fail." A default by any one of them would put an end to talks of "green shoots" and could lead to a double dip recession.

In early February, Der Spiegel (a German magazine) broke the story that Greece has been hiding the extent of its debt for years with the aid of U.S. investment banks. In 2001, Goldman was paid $300 million to structure a complex derivative deal that allowed Greece to borrow billions while hiding the true extent of its debt. Without this creative assist, Greece may not have been accepted into the common currency "Eurozone."

Because the deal was structured as a currency swap (a type of derivative) and not as a loan, it was secret, bilateral and off-book. Goldman may have been the only party that knew about it, leading many to speculate how it may have profited from the knowledge.

Last week, the other shoe dropped. The New York Times reported that a company backed by Goldman, JP Morgan Chase and other big banks had set up an index in London that allows investors to gamble on the likelihood of a Greek default. As banks and other players rush into these trades, called credit default swaps, they make the cost of insuring Greek debt rise, making it harder for the country to borrow and bringing it closer to the brink.

Sound familiar? In 2002 the same firm created a similar index that allowed investors to bet on the likelihood of defaults in the subprime bond market. The "savvy" investors at Goldman made a fortune off the collapse of the market. It's a sure bet that they will do so again if Greece goes down.

Recent revelations about the extent to which Goldman sold toxic mortgage-backed securities to its clients while betting against those securities in the market prompted Phil Angelides, chair of the Financial Crisis Inquiry Commission, to suggest that this business model was "like selling a car with bad brakes and then taking out an insurance policy on the driver."

Federal Reserve Chair Ben Bernanke told Congress that the government was looking into Wall Street's use of credit default swaps to bet on a Greek collapse. "Using these instruments in a way that potentially destabilizes a company or a country is counterproductive," Bernanke said. But the Fed has advocated a light hand in regulating derivatives and has fought to keep currency swaps exempt from reform bills.

With some predicting a major economic shock if the EU's debt crisis is not resolved promptly, this business model is worse than "counterproductive" -- it is cataclysmic.

This week the U.S. Senate is turning its attention to bank reform. Congressional reform plans for derivatives trading are full of loopholes. Go to to send a message or find a toll-free number to tell your members of Congress where you stand. All derivatives should be traded on an open exchange. Derivatives that act like insurance should be regulated like insurance and abusive derivatives should be banned. Without strong new rules on these weapons of mass destruction, another derivative-fueled financial crisis is certain.

Article Source

Unbelievable what this lot gets away with... :roll:

GG's GeoEconomic Thread

PostPosted: Sun Mar 07, 2010 6:48 pm
by ghostgirl
More notes to me, wanna read this book...

Most decorated US Marine General: Purpose of all US wars is billions for insiders’ profits
March 6, 2:30 PMLA County Nonpartisan ExaminerCarl Herman

Smedley Butler Wiki(and here) was the most honored man in Marine Corps history. He wrote and spoke that the purpose of US wars is millions and billions in profits for America’s leading “bankers, industrialists, and speculators.” War is a “racket:” a deception whereby its purpose of blood money from American taxpayers to “insiders” is always disguised as noble and necessary ventures to keep Americans propagandized into paying again and again.
General Butler in his summative book, War is a Racket, on the costs of war to ordinary Americans.


WAR is a racket. It always has been.

It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.

A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small "inside" group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.

In the World War [I] a mere handful garnered the profits of the conflict. At least 21,000 new millionaires and billionaires were made in the United States during the World War. That many admitted their huge blood gains in their income tax returns. How many other war millionaires falsified their tax returns no one knows.

How many of these war millionaires shouldered a rifle? How many of them dug a trench? How many of them knew what it meant to go hungry in a rat-infested dug-out? How many of them spent sleepless, frightened nights, ducking shells and shrapnel and machine gun bullets? How many of them parried a bayonet thrust of an enemy? How many of them were wounded or killed in battle?

Out of war nations acquire additional territory, if they are victorious. They just take it. This newly acquired territory promptly is exploited by the few – the selfsame few who wrung dollars out of blood in the war. The general public shoulders the bill.

And what is this bill?

This bill renders a horrible accounting. Newly placed gravestones. Mangled bodies. Shattered minds. Broken hearts and homes. Economic instability. Depression and all its attendant miseries. Back-breaking taxation for generations and generations.

For a great many years, as a soldier, I had a suspicion that war was a racket; not until I retired to civil life did I fully realize it. Now that I see the international war clouds gathering, as they are today, I must face it and speak out.

Again they are choosing sides. France and Russia met and agreed to stand side by side. Italy and Austria hurried to make a similar agreement. Poland and Germany cast sheep's eyes at each other, forgetting for the nonce [one unique occasion], their dispute over the Polish Corridor.

The assassination of King Alexander of Jugoslavia [Yugoslavia] complicated matters. Jugoslavia and Hungary, long bitter enemies, were almost at each other's throats. Italy was ready to jump in. But France was waiting. So was Czechoslovakia. All of them are looking ahead to war. Not the people – not those who fight and pay and die – only those who foment wars and remain safely at home to profit.

There are 40,000,000 men under arms in the world today, and our statesmen and diplomats have the temerity to say that war is not in the making.

Hell's bells! Are these 40,000,000 men being trained to be dancers?

Not in Italy, to be sure. Premier Mussolini knows what they are being trained for. He, at least, is frank enough to speak out. Only the other day, Il Duce in "International Conciliation," the publication of the Carnegie Endowment for International Peace, said:

"And above all, Fascism, the more it considers and observes the future and the development of humanity quite apart from political considerations of the moment, believes neither in the possibility nor the utility of perpetual peace... War alone brings up to its highest tension all human energy and puts the stamp of nobility upon the people who have the courage to meet it."

Article Source

GG's GeoEconomic Thread

PostPosted: Sun Mar 07, 2010 7:15 pm
by smeggypants
Yup. Military Industrial Complex. one of the reasons the US ( and the UK ) is so eager to commit mass murder on behalf of Israel and industrialists is that it's so profitable. AS I say below... Peace is not profitable. War is.

GG's GeoEconomic Thread

PostPosted: Sun Mar 07, 2010 7:21 pm
by ghostgirl

GG's GeoEconomic Thread

PostPosted: Fri Mar 12, 2010 2:01 pm
by ghostgirl
It was the Lehman Brothers Bank collapse that was the final straw in plunging us into a world wide recession. Was it a deliberate? Is it evidence of one of the biggest man-made Disaster Capitalism conspiracies of all time?

Lehman bosses criticised for lapses

A report into the collapse of US investment bank Lehman Brothers found "credible evidence" that senior managers approved misleading financial statements in the run-up to the group's demise.

Lehman's auditor Ernst & Young has also been heavily criticised for its "failure to question and challenge improper or inadequate disclosures" in the report by court-appointed examiner Anton Valukas, which follows a year-long probe.

The long-awaited report accuses senior management, including the former chief executive Dick Fuld, of using "accounting gimmicks" and of "balance sheet manipulation" that hid the dire state of the bank's balance sheet

Lehman was in fact insolvent for weeks before filing for bankruptcy in 2008, according to the report, which states there could be grounds for legal action against former executives.

It alleges 50 billion US dollars (£33 billion) of assets were temporarily removed from Lehman's balance sheet in both the first and second quarters of 2008, using an accounting mechanism known as Repo 105, to lower the level of leverage - or debt - on its balance sheet.

"Lehman's failure to disclose the use of an accounting device to significantly and temporarily lower leverage, at the same time that it affirmatively represented those 'low' leverage numbers to investors as positive news, created a misleading portrayal of Lehman's true financial health," the report said.

Ernst & Young said Lehman's last set of financial statements were "fairly presented in accordance with Generally Accepted Accounting Principles (GAAP), and we remain of that view".

Lehman went into administration on September 15, 2008, setting in train a sequence of events that tipped the banking sector - and later the global economy - into its biggest crisis in living memory.

The bank's administration is still rumbling on and is expected to last for many years as administrators seek to recover money for the many thousands of creditors left out of pocket.

But it is thought the Lehman report could allow the Lehman estate to seek legal action and possibly pave the way for class action lawsuits by investors who bought shares in the bank before its collapse.

Article Source

GG's GeoEconomic Thread

PostPosted: Thu Mar 18, 2010 3:41 pm
by ghostgirl
The Lehman Scam and Fuld's Mossad Connection
Wednesday, 17 March 2010 20:53 Christopher Bollyn

Dylan Ratigan of MSNBC explains how the Lehman scam worked. In this 10-minute video [BELOW] he explains the fraud at Richard S. Fuld's company and who was responsible. Eliot Spitzer calls for "handcuffs" and criminal prosecution of those who were in the responsible positions at the Fed, namely Timothy Geithner and Ben Shalom Bernanke. As I wrote more than a year ago, the A.I.G. and Lehman meltdowns were not accidental - they were carefully designed crimes. Richard S. Fuld and Maurice Greenberg of A.I.G. are criminals, as are the people at the Federal Reserve who allowed their criminal conduct and then bailed them out - with taxpayer funds. Will Geithner and Bernanke face criminal charges?


It should be noted that Richard S. Fuld is closely tied to Menachem Atzmon, the Israeli Mossadnik who owned the passenger-screening/airport security company that was behind getting the 19 Arab hijackers on the planes of 9-11. [Hijackers who mostly appear to be alive?? GG] Uzi Ruskin, Menachem Atzmon, and his Mossad-funded comrades took over the failing United Merchants & Manufacturers, Inc. in 1993 - from Fuld's uncle, Martin Schwab, Richard's mother's brother.

Richard S. Fuld

As I wrote in early October 2008 about the criminal activity of A.I.G. and Lehman, crimes which led to the trillion dollar bail-out:

Lehman Bros. CEO Dick Fuld, the much despised scion of the "Elder of Zion" Jacob Schwab, stole half a billion dollars at the company he ruined. His grandfather's company, UM&M, was later sold to the Israeli criminal, Menachem Atzmon, culprit of 9-11 and co-criminal with Ehud Olmert. What a small world!

The CEOs behind the bail-out of A.I.G. and Lehman Bros. are both devoted Zionist fraudsters.
Maurice Greenberg of A.I.G. is dealt with in the following article. Richard S. Fuld, the CEO of Lehman Bros. was paid nearly $500 million according to a recent article by Nicholas D. Kristof of the New York Times. Kristof wrote that Fuld, the longtime chief of Lehman Brothers, "took home nearly half-a-billion dollars in total compensation between 1993 and 2007." Talk about unbridled greed.

Fuld is the grandson of Jacob W. Schwab, one of the original Zionist fund-raisers of New York. The Schwab family has a long history of criminal activity, which the New York Times has documented. These two Zionist criminals should not be bailed out; they should be arrested! This is the essence of the Zionist crimocracy I have been discussing for years. They are going for the gold in the last act and we must stop them.

Article Source

GG's GeoEconomic Thread

PostPosted: Thu Mar 18, 2010 3:54 pm
by annie27
I watched this the other day ....its good that some on the MSM are now reporting on this Huge Scam ....
alas our own beloved ZBC seems to have not bothered .... ;)

GG's GeoEconomic Thread

PostPosted: Tue Mar 30, 2010 6:42 am
by smeggypants
its no surprise that some people are linking the Zionist Movement with the 2008 Credit crunch.

Booms and busts, despite Gordon Brown's laughable claim to have eradicated them are a huge money makign machine for those engineering the booms and busts