Essential Knowledge
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The PLUTO IN SCORPIO GENERATION
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Written by Robert Hitt
2/26/2011

 Matt Taibbi 
Why bankers are not in jail

Matt writes for Rolling Stone.. Over the past few years he has done a great job of informing "non economists" about what has transpired. You young ones who had NOTHING to do with any of this are the ones expected to PAY FOR IT. 

http://www.democracynow.org/blog/2011/2/22/matt_taibbi_why_isnt_wall_street_in_jail
It was essentially a gigantic criminal fraud scheme where all the banks were taking mismarked mortgage-backed securities, very, very dangerous, toxic subprime loans, they were chopping them up and then packaging them as AAA-rated investments, and then selling them to state pension funds, to insurance companies, to Chinese banks and Dutch banks and Icelandic banks. And, of course, these things were blowing up, and all those funds were going broke. But what they’re doing now is they’re blaming the people who were collecting these pensions—they’re blaming the workers, they’re blaming the firemen, they’re blaming the policemen—whereas, in reality, they were actually the victims of this fraud scheme.

..... , and they took out trillions of dollars of credit default swaps and pseudo-insurance policies on these mortgages. When they all blew up, you know, it blew up some of these companies, like AIG. And that’s what the bailout was really all about. The bailout wasn’t really to pay off real losses in these mortgages. It was really to pay off the bets on these mortgages. So, not only did they flood the market with a trillion dollars of defective merchandise, they got the United States taxpayer to pony up $5, $6, $7 trillion worth of bailout money to pay off their bets on all this stuff.

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I saw this coming from FIVE YEARS AHEAD.. keep in mind I was a high paid consultant for investment bankers during the 5 years before the crisis and what was happening was a KNOWN to most of the high priests of banking.. ..  I had the advantage of knowing the astrological timeline and therefore knew the crisis MAXIMUM VELOCITY would be occurring in Sept - Nov of 2008. I tried as best I could to stop this by speaking out LOUDLY.. Maybe you can imagine my utter disgust at seeing this 5 years ahead and WARNING EVERYONE WHO WOULD LISTEN and then have to watch this occur.  NOW I am watching the criminals coerce politicians into not holding anyone but you young people responsible in the long term..  Your tax payments will go to cover up for those who stole your future.. 

One of my motivations for firing my customer base of 15 years in January 2011 and re deploying my attention is because I watched as so many who might have done something to prevent this sit on their asses and watch.. Some even made an obscene amount of money doing what is called selling short which is a bet on the value of an asset going down. The hoopla over bank bonus money is NOTHING compared to the 100s of billions made by the people who contrived this fraud and then profited from it at the expense of 10s of millions. 

If I am to do my job here I have to get the message out that the crisis that is still impoverishing so many was A CRIME.. It was planned.. It was theft by DECEPTION. 

The only antidote to being deceived into a life of debt slavery is to know enough about what happened to say NO I AM NOT RESPONSIBLE FOR THIS. 

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