Economic crisis solution : middle-class needs to grow and stop leeching off the poor

The first thing that should happen is the ELECTED leaders of the g-7 should issue individual executive orders for banks to add liquidity and stop hoarding infusions or face penalty of government loan lock-out.Currently banks around the world have been receiving billions in infusions to provide liquidity and refuse to pass on taxpayer dollars to taxpayers. That is the entire problem. There is no reason for it to be an imperative that these faux private institutions to have the discretion over the entire global economy. Money flows from taxpayer to treasury to the central bank where it is given to private banks to lend to the public their own money at loan-shark rates. It's a quasi free-market system of private profits and public risk. If it is not fixed now, it won't be fixed until it actually collapses completely. The banking cartel has created the biggest criminal hoax in history. Banks are now an extra middle-man and are currently clogging the system by receiving endless taxpayer infusions(half trillion today while you're reading this) and refused to pass them on. This open fact of cash hoarding banks is in the background as people try to blame first time home-owners and the poor, instead of laying it all at the feet of the banks and the cowardice governments that allow them to write all the rules and regulations.

Rules that defeat every suggestion for consumer protection. That rid the market place of innovation and competition as everything that isn't part of the socialistic banking welfare program is a scam and fraud. I told you when I set up aid4families that the difference was not risk but socialism. That I wasn't doing the same old dance you get from all the other firms and banks which was to tell you that I was totally competent but if I'm not, the government will fix it. That's what everyone considered to be "safe" investments, without understanding any of the details. Fraudsters and scammers can barely get any ink as the biggest fraud in history unravels. Now everyone has an opinion on what should be done but spent the past few years trying to shut me up that there was even a problem. Today everyone and the banking system was suppose to be chugging along smoothly, while I sat in jail for questioning the divine wisdom of the system. Instead, I'm typing this while watching my warnings come to life before my eyes. IT IS TIME TO PLACE BLAME, IT IS TIME TO HOLD PEOPLE ACCOUNTABLE, ME AND ANYONE ELSE WHO CHALLENGED THIS FINANCIAL OLIGARCHY HAS BEEN QUICKLY BLAMED, JUDGED AND CONDEMNED! It will never be the same again, this is not '87 or 2000, it's the culmination of quickly trying to paper over '87 and 2000. How can we save a flawed, fraudulent system? by passing on generations of debt? Nope, not going to happen.

The poor were the plug in this septic bath that kept everyone else afloat. People who pay 10 -20% of their income in consumption taxes for roads that loop-hole chasing, tax abatement, offshore accounting businesses use. The poor who pay 20 - 30% in interest on secured credit cards, cars and homes, so the rest you can enjoy 0%, 2% and 5% rates. It wasn't homes they couldn't afford but interest only loans that increased the monthly payments til they doubled or tripled. Studies also show that most of the people that received these vampire mortgages QUALIFIED for a regular mortgages but lacked choice in lenders because of cultural marginalization i.e. minorities and the poor. Anyone who thinks the people COULDN'T AFFORD the homes has never been outside of their small bumpkin town. If any of you had ever ventured out beyond the town limits, you would quickly find that rent in the city is generally double the amount of suburban and rural mortgages. So the argument that people should have kept paying 1500 in rent instead of getting a $1000 a month mortgage is more than insane. The homeowners asked for relief in the form of steady payments and not letting them go to $2000 and $3000. It was the vampire mortgage not the people. None of the smug jerks who sided with the banks against the homeowners could afford for their mortgage to double twice a year. So if not being able to afford a doubling mortgage payment every few months makes you undeserving, then...

I don't write for contemporary readers because they are indoctrinated to repeat what corporate editors tell their writers to print and teleprompter readers to say when they have no in-depth knowledge on any subject. The importance of what I write is for posterity. When the next generation looks back and wonders why people didn't question the financial system til it crashed I can show that I not only spoke about it but took concrete action to save people. When they wonder why all the solutions for the crash were just ways to set ourselves up for a repeat crash, they will find that I gave a solution based on the actual problem.

So what do we know. That 15months of giving the banks trillions has not freed the credit markets and that the central banks who have more power than the government went ahead and approved a half trillion dollar infusion anyway. After the public rejected the idea. Democracy hasn't eliminated class issues but entrenched them because most people can't think of any solution that doesn't turn over all power and wealth to those self proclaimed better pedigree with elite university degrees from wealthy families. The government will no longer be able to play favorites and subsidize these crooks

Black president to address global economic meltdown

When the wall came crublin, tumblin......doooowwwnn! Aid4families chief is expected to release a video commentary about the current intertwined situations. The video will be released to media outlets worldwide and available online on aid4families.com blogs at blogger and telegraph UK.

Background: in 2006 aid4families was launched as an alternative to the greed based global financial system. The program focused on cost savings of lower overhead and streamlined logistics to benefit program participants. Ignored, mocked and ridiculed the program was still able to develop a loyal following of progressive and well-read clients who were able to weigh risk objectively. By mid 2007 the program had built a head of steam and was on course to rival the entrenched financial structure. Regulators, enforcement and media who played large roles in the success of top-heavy bank culture, now went out to dismantle and discredit the more equitable alternative. In the absence of a crime the autorite in quebec elected to issue a cease and desist order, then several months later after that failed to produce a single complaint or derail the program, they moved to seize the company funds. By blocking payouts they contacted depositors to force them to complain to the rcmp. The RCMP aware of the deception by the regulators continued the rouse panicking the victims of their plot. The crown unable to build a case from the deceptions embarked on a campaign of no-shows for court dates, breaches and delays. Midway through the trial they received a six week delay and now are enjoying a six month break after a parade of witnesses and documents failed to provide a hint of guilt and ends in a whimper.

Currently:The entire globe is plagued with the endless fallout of blind unqualified trust in the financial system and corruption. Politicians, enforcement and media are tripping over themselves to condemn the rampant greed and fraud that ruled finance. This after years of arresting and reporting fraud convictions of anyone who dared challenge socialistic banking system. When aid4families condemned the practices, we were maligned as marginal and disaffected. When we informed the public that deposits to institutions worldwide were bounced around in an endless ponzi scheme people tried to put criminality on us. We're still here but Northern rock, UBS, Bear Stearns, Scotia Bank and Wamu will never be the same. I can wait to add my 2 cents because I have been posting the current crisis online for a few years straight and everything that is being said by experts and politicians is easily found in anything I published at least 6 months ago or 2 years ago. The focus of the video will be what I always post about, which is what is going to happen next and what can be done about it. It will be up to the public to listen to the people who lied to them and have come up with the wrong answer EVERYTIME or someone with the proven track record of the truth despite the ridicule and persecution it visited upon us.

The picture of moses makes clear the fact that as regulators and others looked to punish us for telling the truth, God has visited an endless plague on the corrupt and it followers. Now to smash that golden calf you guys are worshipping.

The Great Canadian Ponzi Scheme with scotia bank and the caisse

Ya gotta love the internet, it really adds meaning to the term desktop publishing. I mean a story like this that doesn't fit mainstream doctrine, would never see the light of day. Readers reach my blogs by searching what they WANT to read about rather than what some talentless writer and corporation wants to TELL them about. Today the media wanted to sell the public on the BS that bank failures are good. The headlines were "no angry customers" you have to read the story to find out that these 2 banks in the american southwest were taken over and changed over without notifying the customers of any problems. It also took place over the weekend, so people will wake up monday morning with another bank holding their mortgage and credit cards, the bank name that they print company checks on is now defunct (but good--lol). All of this dancing to mask the fact of mult-level, multi-generational corruption. I've been asking for nearly a year for the so-called depositor and investment insurance programs to surface and here they are, writing checks out of taxpayers pockets. I already said the crisis would be deeper than they told you last year, that banks would close etc. Now when I watch the news, they are interviewing the same advertisers who got it wrong. Look me up, I said the solution to the mortgage crisis was to save the mortgages not send it to the bankers who would steal the infusions and rate cuts. They did it their way and here we are as they realize that greed only made their situation worse. I watched the media play mouthpiece for their advertisers, talking up central bank action and pissing on homeowner "bailouts". Now that the treasury secretary and central banks have to face reality, the media is still happy to parrot their ramblings. Each week when the bad data comes in they talk about unexpected dips or declines(who didn't expect it? advertiser analyst?). Then they try to talk the markets up for a day to say a number beat expectations (one that's been put excessively low to give it a good headline) ex. company X posted a 10 trillion $ lost instead of the 20 trillion analyst predicted. The "analyst" don't seem to be too good at predicting stuff -huh. Maybe it's the problem like the media and rating agencies, it's hard to be objective when you're being paid. A true media would have alerted the public that these banks were going to collapse, instead of printing advertiser talking points as news. Too many "anal -lyst" have too much vested interest in steering the outcome with their predictions and "expectations".

Against this cancerous backdrop, I bring you the rant de jour. During our witch drowning trial, the prosecution has been hanging it's hat on something called a ponzi scheme. Now running a revolutionary organization rest assured nose-picking dimwits throw it around like yo momma jokes. When it comes to actual law, justice and evidence, I would hope that slanders and smoke would need some support in fact. Despite the fact that it is part of public record that the practices of aid4families worked in complete contradiction to a ponzi scheme, it still lingers out there. So I wondered to myself, hey self "yeees, how may I help...myself" is there anyway to find a concrete definition of ponzi scheme that constitutes the legal understanding? So I went to the rcmp website, I don't constantly go to governments sites like the way sodec and government of canada pawns frequent mine but I may follow a governmental visitor. At the RCMP site, what do we find? The official definition of ponzi scheme according to them.

Everyday, I select stories, articles and other information to keep for future reference. This things get swept under the rug and the coalition of corruption changes it's tune. When that happens reality takes a hit. All of a sudden the bush administration never said iraq was tied to 9-11 or WMDs, the fed is DEMANDING that the government take a role in the sub-prime crisis and not leave it up to them and the markets, all of a sudden "the surge" is the measure of judgment rather than the stupidity of cheer-leading a colonial war. In my situation, that means the stories about abcp and sub-prime have a very short shelf life, quickly purged by the media archives. Google -montreal accord or scotia abcp in a news search or even a websearch won't give you any indepth criticism from the mainstream. I found an article from november, where the process of the abcp was explained in some detail so we could overlay something that has not raised a single eyebrow in the political, judicial, regulatory or enforcement community in nearly 2 decades.

The findings shouldn't shock anyone. The canadian system has been locking up people forever using the ponzi scheme catch-all, while steering people back to the banks who would never practice such foolishness. Au contraire mon frere, ABCP was licensed, sanction, regulated and everyone was aware of the duplicity of telling the public that they defined ponzi as fraud while giving their masters a free pass. Tsh tsh tsh what's a corrupt country to do, well first order of business is try and shut me up for putting a chart on my website warning people of how banks soil money (clean to dirty). Second, canada's favorite past time, blame america. The headlines are "canadian economy strong DESPITE american crisis" no mention that the american economy IS the canadian economy. It is a total coincidence that the other white english speaking nation is in the g-8 and canada's stability and prosperity have no relation to america, only canadian ills. Yet canadian ABCP couldn't get a good rating from other rating agencies, so a canadian one did the dirty work, canadians didn't buy abcp on their trips to florida but through canadian banks and agents not knowing they were tied to american vulture credit. They say that canadian banks have lost less than the banks in europe, u.s. and asia (never mentioning how much smaller they are) or that canada should have less exposure to american mortgages than american banks. Fortunately my dreams are realized, thanks to the internet the canucks refuse to be spoon-fed and when I read this bay street propaganda for what passes for media in this country, the comments are heartwarming. When the bank of canada said the crisis was over in canada a few weeks ago, the comments were livid. That same bank of canada now wants more power to match the 3rd world dictatorial powers that the other central banks have demanded as ransom to stop the crisis. Neither one of these old guard solutions are having the desired effect. Aid4families.com is still up while bear stearns is shuttered and regulators & politicians play catch-up on a backlog of rampant corruption. When we look back on this era and recount it for our children and grandchildren, I'll be the guy that stood up and told the truth and many others will be the ones who hid themselves or argued with the guy who told the truth. That's it.

http://www.reportonbusiness.com/servlet/story/RTGAM.20071116.r-cover17/BNStory/Business/home

http://www.rcmp-grc.gc.ca/scams/ponzi_e.htm

http://www.reuters.com/article/bondsNews/idUSN2142680620080721

http://www.financialpost.com/story.html?id=670380

How the west was lost

Here we are 18 months into this ill-conceived coup of aid4families. 2 countries throwing every public and private tool at us, while collapsing under the weight of their own ineptitude and corruption. Canadian justice justifying attacks on aid4families, while giving places like BMO and Scotia legal immunity for corruption. Canadians were raped up the ass so bad that they had to start a facebook support group to deal with the largest financial debacle in canadian history. Meanwhile trains and planes in the u.s., u.k. and the eurozone are safe from osama because the public puppets are bringing the west to it's knee's faster than any hi-jacker.

I'm not going to say I fucking told you so for the 1000th time because if you can't face the truth, if no one has the integrity to admit their mistakes NOW, I can't have ANY respect for them. NOT aid4families but WHERE should they have put their money? UBS? NORTHERN ROCK, LEHMAN, FANNIE MAE, SCOTIA, SOCIETE, REAL ESTATE, THE OIL BUBBLE?

All these limp-dick pricks on the internet, that couldn't afford to join the program saying it was a scam are hiding under the blankets in there parents basement. There was never anyway to justify slandering us without justifying the practices of the current public and private financial world. Usually the media loves these fraud stories but the media is hiding from this one. It seems that aid4families will be around long after the u.s. and canada are annexed by hugo chavez. Long after mugabe chases all the corruption out of the u.k. and eurozone. Over the last year and a half the more determined the banks their pawns and surrogates were the worse things got in the global economy. "GOD don't like ugly". People didn't lose confidence in bear stearns, northern rock or scotia abcp because of a smear campaign by some quasi government agency like aid4families was by the amf. They had the government holding them up, the media singing their praises and internet pricks happy to do business with them and yet, nothing can save them. Nor can anything break us.

No dream team just duty counsel from legal aid and the crowns' case is still an empty suit. No wonder they offered us no jail time to avoid the trial. I'm not taking no chances at trial because punks on forums don't constitute facts, bank corrupt practices or malice in the legal system isn't evidence. The ballots are in, the debate is finished and the only undisputed fact is that I am still the only motherfucker who knew what the fuck he was talking about. PERIOD. Who is going to help YOUR victims, who trusted you and put their money elsewhere? That's the only question, that remains, the only one. There's no point in the media hiding, there's no point staying off the forums hoping for a miracle because it's not coming, there's no point adding wrongful conviction to all the other public and private corruption involved in creating and keeping these charges alive.

I never said " no comment" I never "categorically" denied anything, I've been very plain that ANYONE who tells you that I didn't have the means or intention to meet the terms of our program was telling you a goddamn lie! I've been publishing for 9 months straight, telling anyone to put up, that time is passing, so now it's time for everyone to SHUT UP, I actually meant to say SHUT THE FUCK UP!!! Because you wouldn't know a sound investment from a door knob. The longer the central banks and politicians define fraud as organizations that aren't greasing their palm then this current crisis will continue. If they ever find the balls to make these guys play by the rules the rest of us have to or become half as critical of them as they are of us, maybe they could avoid some of these meltdowns in the future(so don't hold your breath).

What's next? The ghost of shylock form the merchant of venice. Shylock looked to have the system show the same vigor on his behalf as it does when it's persecuting. The answer of course is the system reflects society as masters of duplicity. The media, forum punks, banks or government cared what their empty slanders did to the people who joined aid4families and none are lining up to take responsibility for misleading people. But to quote our good friend shylock "And if you wrong us, shall we not revenge?"

aid4families $145M est. loss due to ABCP double standard

OH WOW!!! OVER 2000 REAL VICTIMS AND NO ARREST!!

This week aid4families returns to court and across the country parties in the $32Billion debacle return as well. Aid4families will be facing the crown and rcmp who need to build a fraud case to justify the indictment. The crown, rcmp, nor regulators will be attending the Asset backed commercial paper(abcp) hearing on whether investors will be able to sue for fraud at their own expense. In the past several days the major banks reported continued red ink due to their involvement in the u.s. subprime crisis for the second quarter.

Since last fall people who trusted the major banks and their divisions have been betrayed by a justice system paralyzed by hypocritical corruption. Aid4families which had no canadian clients and was not part of a customer uproar fell victim to regulatory malice. Meanwhile the same system failed hundreds of canadian citizens who were being bullied into a lopsided deal. One that requires them to exchange their 30-60 day notes into 3200 day notes after being delayed from their money for nearly a year already. In addition the main sticking point was in order to get this rape in the exithole, they would have to agree to not seek damages for being swindled.

Note to self--add purdy crawford to speed dial. Regulators and enforcement agencies refuse to even read about it in the paper, so they don't have to justify their inaction. One would assume that standard procedure was to raid the offices of scotia bank and toronto dominion headquarters, arrest the executives and issue consumer alerts not to deal with the major banks in canada. Well that's what happened to us(so I'm just saying ;). When you have a country with no banking system and allow the financial industry to dictate the rules, then you're bound to get the people shafted.

We have non-client detractors and I gleefully ignore them since I've spent thousands of words explaining the financial crisis. Anyone still calling aid4families a scam has no credibility when they fail to condemn real criminality.
Also in the news is the need for an additional pension plan because the CPP is a leaky titanic. Canadian regulators rushed to push aid4families from the market so people could be sold this abcp garbage with the trusted institutions. 10 months and 32billion later, I'm asking "hows dat workin' for ya" like Dr. Phil. What I suggest is that these investors sue regulators and enforcement agencies for their concerted inaction. Regulators for their blind endorsement, along with rating agencies which have been the biggest parasites in the global crisis. Regulators and ratings have played a crucial role in the fraud of legitimate banking and safe investments.

The final crooks I would like to throw under the bus before I go. Freddie Mac the governments mortgage program(u.s.), like so many of these $#^^@ is giving advice on how to avoid fraud!!! This agency deceived investors by misreporting their income by 43% and had been doing so for years. Then paid $410Million to settle a class action. The punishment, pay a fine and keep doing what you are doing. So that's how it goes organizations with victims and complaints get carte blanche and maybe spend some of their ill gotten gains as hush money without admitting fault. While decent programs are chased away to limit choices for the public. It's been a few years and we still don't have anyone that can explain why we are a scam. All we can say for sure is that no one with their morals or principles on a sliding scale can be taken seriously. Not regulators, enforcement, nerds in their parents basements or anyone else that is too cowardice to assist true suffering victims of real crimes.