Sep 20, 2008 4:38 PM GMT
I think it is important to create a Knock (sp?) list (aka Mission Impossible) of those institutions and persons responsible directly or indirectly for the fine financial mess they have gotten us into.
I believe it is also important to be sensitive to slander and libel. I believe it would also be beneficial to include those behind the gold-price suppression scheme to see how much cross-over there is. So I would challenge group to create an on-going list of culprits (reasons, institutions, and persons) for all to see.
Now, I believe the cause is many fold with not one or two reasons, persons, or institutions behind it. So, I will start the list of reasons and post a link that may help jump-start the discussion (These are not in a particular order that I can discern).
SEC Decision in 2002 (NPR) that allowed some banks to go from 15:1 to 30:1 leverage.
SEC looking the other way on short sellers and other important regulations.
CFTC failure to regulate the commodities markets.
Naked Shorting of all stocks.
Shorting of Gold Market by to-large-to-fail US and European banks in the face of an estimated 1500 ton production deficit to demand — done at the bidding of ESF.
Leasing of US Gold Reserve (and European gold reserves) to contain interest rates below the actual rate of inflation in order to dupe bond market and stock market.
Greed and lack of ethics from the top down starting in the mid to late 1980’s.
Repeal of the gold standard and confiscation of gold in the 1930’s.
Repeal of the gold standard by President Nixon in the early 1970’s.
Repeal of the Glass-Steagall Act by President Clinton, supported by his Secretary of Treasurer at the time (Robert Rubin), and the Congressional members who voted for it and introduced it, including Gramm, Leach, and, Bliley.
The Creation and increase in Power of the Plunge Protection Team and any and all members who make decisions for our country without transparency or accountability. This one is about to get worse with new powers given to Treasury and Fed in upcoming legislation.
The Concept of Sovereign Immunity as it pertains to governmental decisions by the Fed and its partner banks that participate in the silver and gold price suppression scheme. SI is the concept in which the King and his entourage (government) is not touchable by the courts except where the government allows itself to be sued.
The two-tier gold markets, one transparent and the other not-transparent, used to set the price of gold independent of its market. See Red Barron articles at goldeagle.com.
The politics and influence brought to bear the CPI and PPI in which there is a built-in reason to report lower than authenticate numbers. See articles related to how they determine these rates now vs. in the 1970’s. There are at least 3 differences that throw the determination of these into doubt as being valid today.
Power of futures markets in discovering the price of commodities sometimes without a real connection to the underlying assets availability. See GATA and its treatment of this subject.
The influence of the Banking Lobby on Congress and election politics.
The creation, reach, span, and influence of the Federal Reserve.
The failure of Greenspan and Rubin to tell Congress to regulate Derivative’s markets in the late 1990’s.
Citigroup’s role in the repeal of the Glass-Steagal Act (who are the persons at Citigroup responsible for this?)
The leaders of Fannie and Freddie and the lobbyists behind them. Congress and its failure to act sooner.
That should be a list of some of the more obvious reasons, persons, and institutions. Hopefully, I have sparked the discussion and the creation of the list. Feel free to add to the list as one sees fit. Please no libel or slander unless true, in which case truth trumps.