Inter Connected Ness

Inter- connected -ness/Gleichschaltung The absolute funniest thing in this book comes at the end when all the Principals of the Wall Street Major Trading Banks have been called into Washington and talk of a bailout has perplexed everyone- I wrote a post at the time ‘Seven hundred million reasons- No’ and the proposal has been put to the Bankers by Secretary Paulson a recently himself lead of one of the Banks there and everyone agrees except… Well I’ll let our author tell it: ‘Geithner now read off the amounts that each bank would receive, in alphabetical order. Bank of America-25 billion. Citygroup-25 billion. Goldman Sachs- 10 billion. JP Morgan -25 billion. Morgan Stanley- 10 Billion. State Street-10 Billion. Wells Fargo- 25 Billion. Where do I sign? Dimon said to some laughter, trying to relieve the tension which had not dissipated now that the bankers had learned why they had been summoned…. David Kovacevich (Wells Fargo) was obviously not pleased to have been given this ultimatum. He had to get on a flight – a commercial flight- to Washington, a place he always found contemptible, only to be told he would have to take money he thought he didn’t need from the government in some godforsaken effort to save all the other cowboys? ‘I’m not one of your New York guys with your fancy products. Why am I in this room, talking about bailing you out? He asked derisively. For a moment not one said a word and then the room broke into pandemonium, with everyone talking over one another until Paulson finally broke in .. p525 You see I grew up with Barry Smith a New Zealand evangelist as a mid to late 70s informant on Illuminati and all those things about the inter connection of Federal Reserve – World Bank- Council of Foreign Relations- New York and Washington so it is not as if I had not had by now a full 40 years to consider these matters.. my very first book being a book called ‘None Dare Call it Conspiracy’ Where I began by considering the amazing amount of western technology that was being railroaded up through taken recently by the Allies- Iran- to the rear parts of USSR- billions of dollars of stuff thousands of air planes and other things to keep USSR fighting Germany going backwards through Western Russia before; Phoning ahead to talk to the opposing German commander about the up coming conflict the Americans had an easy run to the line of division East and West Germany and stopped while the Russians came in to do what they were doing. And for forty years I have been piecing things together and this 2008 Collapse of the Banking system event is just another chapter in a long running story. We can Read History a number of ways and critical to our interpretation is what we use as a Lens of Focus. In this blog I attempting succeeding on some of the time, to read the story from a New York Empire State –lens perspective. But as a Bible Translator and a New Zealander (verse 8) I read history- four and more thousand years of the stuff- Central Asia a specialty- using Psalm 2. And currently God is laughing! ‘If one fell, it could become a series of falling dominoes. There were of course, Cassandras in business and academia who warned that all this financial engineering would end badly. While Professor Nouriel Roubinin and Robert Schiller had become this generation’s much heralded doomsayers, even as early as 1994 thoughtful comments were being made which were not heeded. ‘The sudden failure or abrupt with drawl from trading of any of these large US dealers could cause liquidity problems in the markets and could also pose a risk to others including federally insured banks and the financial system as a whole’ the Comptroller General told a congressional committee after being tasked with studying a developing marked to derivatives. ‘In some cases intervention has and could result in a financial bailout paid for or guaranteed by taxpayers’ p 5 Too big to Fail A R Sorkin Penguin Books New York 2009