About the current speculative stock market crisis

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Christophe
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About the current speculative stock market crisis




by Christophe » 18/08/07, 11:08

I created this subject to evoke the current "strike" (according to the financiers) stock market crisis resulting from various speculations on real estate and mortgage loans in the USA.

I did not follow the thing too much but I would like to understand a little more the mechanisms of this crisis.

Here is already a fairly synthetic article which summarizes the thing: http://www.francebourse.com/fiche_news_4693.fb
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toto65
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by toto65 » 18/08/07, 14:10

I made a little comment here,
https://www.econologie.com/forums/post56128.html

here is a (poor quality) document of the phenomenon
https://www.econologie.com/comprendre-la ... -3657.html
I would come back to the subject.
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by zac » 18/08/07, 14:12

Hello

It's simple.

Assuming that bankers do not like risks; the backers of the most indebted country in the world (asia europe japan) are turning off the tap to a client who is no longer solvent.

the us economy deprived of fresh "dollars" is breaking its mouth, the savers are in their pants, sell at all costs, so the stock markets tumble.

Ultimately it is very good for the planet; less for manufacturers of air conditioning and cars : Lol: : Lol: : Lol:

@+
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by Capt_Maloche » 21/08/07, 11:01

The stock market is completely virtual
just hear economists talk in // about the effects on the real economy (businesses)

The day the cleaning lady finds an ass in the seat of the CEO of group X, the news quickly circulates that the boss has ass cancer, and Hop, X's action drops

it is nonsense !
Of course, it's a quick way for a business to "raise" money, but it's also a way to lose control.

financial wars are played out every day with the aim of taking control of the other, purifying the business, reselling it by making comfortable profits, all while destroying a know-how sometimes secular

More money, more power GNAR AHR AHR! Image
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by Christophe » 07/02/08, 12:09

I put the mp3 file above in the downloads:
https://www.econologie.com/comprendre-la ... -3657.html

It lasts 10 min and it helps to better understand the subprime crisis: https://www.econologie.com/comprendre-la ... -3657.html

It's done by a "chief economist" (don't ask me what it means :D ) from Crédit Agricole
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by Christophe » 29/03/08, 10:58

Secrets of the United States Issuing Institute
by Wolfgang Freisleben, Vienna

Contrary to popular belief, the issuing institute in the United States is, in fact, a money-making machine owned by a private banking cartel, which earns more when rates are high. Casually, he prints cheap dollars and sells them for more.

The issuing institute of the United States, also called "Federal Reserve" or "FED", comes back constantly in focus when the international financial world wonders, anxious, if it will change its key rate or not.

The abbreviation FED refers to the "Board of Governors of the Federal Reserve System", that is to say the conference of governors of the "Federal Reserve System" erected 93 years ago. It is not a traditional central bank, but the combination of five regional private banks first, twelve banks currently, scattered in the United States, each entitled to bear the name of Federal Reserve Bank, a small number of insiders only knowing who they belong to. Only one point is certain: they do not belong to the State. Nevertheless, they exercise the functions of a state issuing institute. They make their decisions within the Federal Reserve Board, whose president represents them outside and whose meetings take place in Washington in their own and imposing historic monument. The most important of these private banks is the Federal Reserve Bank of New York, which controls the huge financial center of this city.

Privileges of a Money Making Machine

This private banking cartel has incredible privileges, three of which should be highlighted:

• By printing dollars, the FED converts worthless paper into dollars cheaply and lends them to the United States as well as to other states and other banks against IOUs. Over the course of its history, the cartel has therefore created billions of claims from nothing and constantly received interest, which ensures it an annual profit reaching billions. Thus, no American government should worry about the budget deficit as long as these gentlemen in suits are by its side and - as is the case with the financing of wars during the Bush presidency - set in motion the money press in when needed.
• Interest privilege allows the Fed to set rates itself, and it is clear that it has the greatest interest in collecting the highest possible interest. The rates therefore often reach a particularly high level and periodically cause crises - which is currently the case and gives the FED the opportunity to intervene later as a savior. Interest permanently draws on the purchasing power of American citizens in favor of FED bankers, through interest on loans as well as taxes transformed into interest owed to the FED due to the enormous debt service public. Constantly changing interest rates, the FED changes the framework conditions for the largest economy in the world and the most important stock exchange, that of Wall Street, which, the main stock exchange in the world, broadcasts signals to other stock exchanges .
• To be able to resolve banking crises, the FED manages the monetary reserves of its member banks (remunerated at the rate of 6% per year), which it makes available to the banking system when a bankruptcy occurs. these crises. Currently, the FED is working to prevent, by repeatedly providing liquidity to banks, a global financial crisis caused by the crash of the US housing finance system. As many American mortgage banks have wisely linked their loans to securities and thus transmitted their problems to European banks, these have also started to falter.
But it was the FED and its former president, Alan Greenspan, who caused this crisis. By rapidly and dramatically lowering interest rates - after having raised the key rate to the exorbitant level of 6% - and having supplied the American economy with excess liquidity, Greenspan had attempted, from January 3, 2001, to '' reverse the biggest stock market drop in 50 years. By June 25, 2003, the key rate had fallen to its minimum level of 1%, which had allowed banks to grant loans at extremely low rates and which had caused many families to fall into the "credit trap", encouraging them to buy housing on credit, on terms they could only face at low rates.

FED-induced crisis

At the end of the interest rate cycle, Greenspan had created a situation that had triggered an avalanche. In fact, the FED raised its key rate twelve times by 0,25% from June 30, 2004 to June 29, 2006, bringing it to 5,25%. It thus exceeds by 525% the rate fixed four years ago! Mortgage rates have risen accordingly and have reached a level that more and more families cannot afford. As the propensity to save is currently negative in the United States, that the greater part of the population has to resort to credit and that the savings books play little role, the crisis is accentuated. Since, since the previous year, more and more mortgage lenders have - like their clients - fallen behind in their payments to other banks, the banking system is in crisis, having reached a peak in August 2007, when the FED and the European Central Bank (ECB) were only able to stabilize the system by several injections of liquidity.

The bank liquidity crisis immediately had an impact on the stock market, which generally reacts sensitively to changes in the Fed's rate. Indeed, the rise in rates makes fixed interest securities more attractive than stocks, slows the economy, is therefore a poison for the stock market and lowers share prices. Thus began September 2007.

The reasons for the FED banks

To understand the way of acting and the reasons for the FED, which sometimes seem curious, it is necessary to take a look at the history of the issuing institute.
The proposal to establish a central bank is due to the German banker Paul Warburg. The financial and banking crisis triggered in the fall of 1907 by the bankruptcy of Knickerbocker Trust Co. and the threatening situation of Trust Company of America put 243 banks at risk, as no institution was able to temporarily make funds available to them for overcome their payment difficulties. In a speech given a few months ago at the New York Chamber of Commerce, banker John Pierpont Morgan had foreseen this crisis by chance and called for the founding of a central bank. The crisis lent itself perfectly to supporting this demand. Subsequently, Morgan played an essential role, behind the scenes, in carrying out the project.
Initially co-owner of the Hamburg Warburg bank, Paul Warburg married in 1893, during a stay in the United States, the daughter of Salomon Loeb, of the New York bank Kuhn, Loeb & Co., who made him and his brother Felix from the partners of the bank (merged in 1977 with Lehman Brothers).
Generously provided by the Kuhn Loeb Bank with an annual salary of USD 5, Paul Warburg was occupied only, during the six years which followed the banking crisis, of a "banking reform" tending to build a central bank based on the model of the Bank of England, which then belonged to private bankers. In so doing, he was supported by Senator Nelson D. Aldrich, stepfather of the first American billionaire heir, John D. Rockefeller junior, known as a spokesperson for the banker JP Morgan in the Congress of the United States.


Jekyll Island Yacht Club Conspiracy
In November 1910 finally, a group of handpicked people gathered, under the pretext of a hunting excursion, in a railway car with closed shutters of the yacht club owned by the banker JP Morgan at Jekyll Island , in Georgia. At this secret meeting, later called conspiracy, Paul Warburg, representative of Kuhn Loeb and other banks as well as two bankers from JP Morgan, also representing the interests of the Rothschild group, and two of the Rockefeller group decided to help the Senator Aldrich to draft in nine days a bill that the conceited Republican intended to present in his name to Congress. It was not a central bank, but only a national private reserve company, several branches of which were to be disseminated in the United States and in which voluntary affiliated banks were to deposit monetary crisis reserves. Due to his well-known relations with the financial and stock exchange center of Wall Street, Aldrich failed, the suspicious majority of the deputies rightly seeing in his project a plan tending to ensure a restricted circle of powerful and linked to the bankers others a dominant position and hence the possibility of making huge profits in the American economy.
The Wall Street sharks were obviously not discouraged and took advantage of the 1912 presidential elections to elect the democratic candidate Woodrow Wilson, whom they overwhelmingly supported financially. During the electoral struggle, he posed as an opponent of the Wall Street Money Trust and promised the people a monetary system free from the grip of the international Wall Street bankers. In fact, the design of the central bank was worked out by the group which seemed to have lost the game.
In any case, the Schiff, Warburg, Kahn, Rockefeller and Morgan had bet on the right horse. Under the title of "Federal Reserve Act" which conceals its scope and which allegedly nullified the central bank project formulated by Wall Street, they spilled on December 23, 1913 on the most willing Democrats and with the support of President Wilson , a bill with little change and required congressional approval when many uninformed MPs were already taking their Christmas vacation and very few had read the text of the bill.


The biggest cartel in the world
The few MPs who saw the nature of this perverse game could hardly be heard. Wisely, the conservative Henry Cabot Lodge senior predicted "a huge inflation of means of payment" and that "gold money would be drowned in a flow of non-exchangeable paper money". After the vote, Charles A. Lindbergh senior, the father of the famous aviator, told Congress: "This law establishes the most important cartel in the world [...] and thereby legalizes the invisible government of financial power [...]. This is the disguised Aldrich bill […]. The new law will cause inflation for as long as the cartel wants. […] ”
Lindberg was right, as the "dollar privilege" proves. Before the establishment of the Federal Reserve System, private banks had already printed banknotes. In the sixties of the 8000th century, there were still 1880 kinds of banknotes, issued by private "State Banks" with the authorization of the State. As of 2000, 1914 banks could still have issued their own notes. Since XNUMX, the figure has been limited to the dozen privileged banks.
When President Abraham Lincoln needed money in 1861 to finance the Civil War and Rothschild bank credits, traditional wars financiers, became too expensive for him, he evaded the privilege of private banks and printed a government note, the "Greenback". He did not have to survive this reckless approach for long. In 1865, he was assassinated by a sniper, who was himself killed during his escape. Lincoln's successor Andrew Johnson suspended ticket printing for inexplicable reasons.
The next president who wanted to give the state a monopoly on ticket printing was John F. Kennedy.


Kennedy's attempt to deprive the Fed of its power
A few months before his assassination, John F. Kennedy was sowed by his father Joseph in the oval living room of the White House. "If you do, they will kill you!" But the president was not deterred. On June 4, 1963, he signed executive act number 111 110, thereby repealing executive act 10289, putting the production of banknotes in the hands of the state and largely depriving the banking cartel of its power. private. After some USD 4 billion in small denominations called "United States Notes" had already been put into circulation and while the state printing office was preparing to deliver larger denominations, Kennedy was assassinated on November 22, 1963, 100 years after Lincoln, by a sniper shot himself during his escape. His successor was named Lyndon B. Johnson. He too has suspended ticket printing for inexplicable reasons. The twelve federal reserve banks immediately removed the Kennedy notes from circulation and exchanged them for their own IOUs.
Thanks to its monopoly on the unlimited production of money, the banking cartel of the Federal Reserve System has a huge money-making machine, which allows it to earn a lot. Who is behind this system is a well-kept secret. For a distinction must be made between owner banks and simple member banks, which deposit monetary reserves in order to be saved, if necessary. A few years ago, the Federal Reserve Bank of New York published the names of these member banks, which otherwise have no rights. The annual remuneration of their deposits amounts to 6%. But the level of their shares is kept secret like the names of the owners of the federal reserve banks, initially three, now fourteen.


Criticism after the crash of 1929

Paul Warburg refused the chairmanship of the Federal Reserve Board in 1910, when this accented German Jew, just before the start of the war against Germany, had just acquired the nationality of the United States. However, he became a member of the Board of Directors and the powerful Council on Foreign Relations, which is still believed to be the birthplace of American politicians and FED bankers today.
His long-standing efforts to found the American issuing institute earned him not only money and honors in high finance, but also the worst experience of his life. In 1928, he unsuccessfully demanded a limitation of monetary circulation in order to curb stock speculation which recalled the gold rush. But those who were willing to hear it remained rare; it was called the Cassandre of Wall Street. After the October 1929 crash, it became the target of those who had lost their heritage. Rumors, brochures and press articles described him, who had tried to hinder financial disasters, as "the non-American author" of the stock market panic at the time. We have read that "Paul Warburg had loaned his band money to the Federal Reserve System in order to put American finances in Jewish hands and to exploit America until its exhaustion." Such legends continued until the Second World War. Embittered by these attacks, he died in 1932. In 1936-1937, stock prices fell by 50%, in 1948 by 16%, in 1953 by 13%, in 1956 by 13%, in 1957 by 19%, in 1960 by 17%, in 1966 by 25% and in 1970 by 25%. This followed the October 1987 crash, the fall in prices in 1990, 1992 and 1998, as well as, finally, the sharp drop from April 2000 to March 2003 and the current crisis which started in August / September 2007 and whose effects are uncertain.
Today, it is rumored - but not confirmed - that the Rockefeller banking group owns 22% of the shares of the Federal Reserve Bank of New York and 53% of the entire Federal Reserve System. The main purchaser of US Treasury bonds, the Bank of Japan is said to own 8% of these shares. 66% is allocated to purely American banks and 26% to old European banks (including 10% to Rothschild banks). •

Source: International III / 2007
(Horizons and debates translation)


Source: http://www.horizons-et-debats.ch/index.php?id=695
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by martien007 » 29/03/08, 19:25

Excellent article on the FED : Shock: and the possible and never mentioned reasons for the JFK assassination.
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