The Great American Bank Robbery Pt 2
Add me as a friend on Facebook! www.facebook.com Get DAILY GrowBy10 Updates on Twitter! twitter.com Description 6/11/09 -- William K. Black, the former litigation director of the Federal Home Loan Bank Board who investigated the Savings and Loan disaster of the 1980s, discusses the latest scandal in which a single bank, IndyMac, lost more money than was lost during the entire Savings and Loan crisis. He will examine the political failure behind this economic disaster, in which not only massive fraud has taken place, but a vast transfer of wealth from the poor and middle class continues as the federal government bails out the seemingly reckless, if not the criminal. Black teaches economics and law at the University of Missouri, Kansas City and is the author of The Best Way to Rob a Bank Is to Own One. Watch entire video here: hammer.ucla.edu
CURRENCY COLLAPSE: How the US Government Is Destroying the Dollar
latewire.com ------- [slide 1] This box right here represents the yearly federal budget. We're going to divide it up into 2 parts [slide2] the part paid for by tax dollars, [slide3] and the part paid for by everything else. For the purposes of this video, we'll say about [slide 4] 2/3 of the budget is paid for with tax dollars, but you should know that in this year, 2009, taxes account for much less. [slide 5]Now we're going to divide this up further and look at just the portion paid for by using money outside of taxes. [slide 6] On the left, we'll put the part paid for by privately purchased treasury bonds. [slide 7] This will contribute to the infamous national debt, which is currently approaching $11.7 trillion dollars. [slide 8] The other part is paid for by printing money. This is done by an institution known as the federal reserve, also known as The Fed. The Federal Reserve is NOT officially part of the government. Theoretically, the reason for this is to make sure that the government cannot print money directly to pay its bills. The Fed is supposed to act independently and not print money unless it is in the interest of the economy. However, the end result of this is that the government gets all the printed money it asks for, regardless of the effect it may have on inflation and the economy. Whenever a government or central bank prints money, it causes inflation. Inflation is a classic double-edge sword. [slide 10] By making the currency worth less, people who owe ...
"We Have A Real Problem Coming..." Elizabeth Warren- head of the Congressional Oversight Panel
Add me as a friend on Facebook! www.facebook.com Get DAILY GrowBy10 Updates on Twitter! twitter.com * The banks are still insolvent. * That little tweak to mark-to-market accounting a couple of months ago has allowed us all to plunge into deep denial. * Now that the banks are allowed to lie about what their toxic assets are worth, they'll never sell them (because if they did they would have to write them down). * The smaller banks are undercapitalized and will have to raise another $12-$14 billion. And so on... Those are the basic messages from Elizabeth Warren, head of the Congressional Oversight Panel. Warren's 10 minutes on Morning Joe (via Zero Hedge) are worth watching.
The Great American Bank Robbery, Hammer Museum
William K. Black, the former litigation director of the Federal Home Loan Bank Board who investigated the Savings and Loan disaster of the 1980s, discusses the latest scandal in which a single bank, IndyMac, lost more money than was lost during the entire Savings and Loan crisis. He will examine the political failure behind this economic disaster, in which not only massive fraud has taken place, but a vast transfer of wealth from the poor and middle class continues as the federal government bails out the seemingly reckless, if not the criminal. Black teaches economics and law at the University of Missouri, Kansas City and is the author of The Best Way to Rob a Bank Is to Own One.
Gerald Celente on Fox Business The Second American Revolution has Begun
TrendsResearch.com Famed trends researcher Gerald Celente says what's happening right now in America is nothing short of a revolution. Want in? Join the rEVOLution http what does liberty mean to you? Tell us @ Libertyis.org
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Description
6/11/09 -- William K. Black, the former litigation director of the Federal Home Loan Bank Board who investigated the Savings and Loan disaster of the 1980s, discusses the latest scandal in which a single bank, IndyMac, lost more money than was lost during the entire Savings and Loan crisis. He will examine the political failure behind this economic disaster, in which not only massive fraud has taken place, but a vast transfer of wealth from the poor and middle class continues as the federal government bails out the seemingly reckless, if not the criminal. Black teaches economics and law at the University of Missouri, Kansas City and is the author of The Best Way to Rob a Bank Is to Own One.
Comments on "The Great American Bank Robbery Pt 1"
Where's the full ...
Where's the full video?
"If the American ...
"If the American people ever allow the banks to control the issuance of their currency, the banks and corporations that will grow up around them will deprive the people of all property, until their children wake up homeless on the continent their fathers conquered." ~ Thomas Jefferson
Thank you for ...
Thank you for pointing this out...Please see my videos from another prospective. It is like you say CRIMINAL!
What have they done to the US!!
Thank you for putting this out for those who do not understand this excellent imformation.
The Bible says that ...
The Bible says that these criminals come to justice. No matter how a bank gets robbed, they can't rob the individual customers because FDIC insures us all. So who is really doing all this and how can we file for our money back?
@buzz- Dito! this ...
@buzz- Dito! this is CRIMINAL!!! How can a credit rating agency...not review the files?!?!?
Any suggestions on fix this problem? or how to the market can use besides rating agencies?
thx!
Moody's has lost ...
Moody's has lost all credibility in my eyes! I'll tell you what has a AAA Rating Gold & Silver The Anti- Fraudster Kryptonite.
they knew...and ...
they knew...and created a system that maximzed their looting of the american people.
the make money when market goes up..and they get bailed out when market crashes...they win..either way...all the time. but what can we do?
the truth can be ...
the truth can be sickening. thx for ur comments!
more of the same... ...
more of the same...i'm afraid.
This series of ...
This series of videos makes even more clear that the fraudsters knew from the BEGINNING that these "investments" were doomed to fail. The banksters just figured they would party like rock stars and then declare a crisis and demand the taxpayer bail them out. After all, what all, what are all those bribes they give Congress for anyway?
This is a bank ...
This is a bank robbery, except we're the ones being robbed by the banks!
Very revealing ...
Very revealing single slide show ...indeed. That ONE slide sums up the total and immense FRAUD that was and currently being perpetrated on the US and World public. thank you AnotherBrother for your comments!
What next?
What next?
Very revealing ...
Very revealing single slide slide show.
Fraud is now disconcerting. Right.
