Tuesday, 21 April 2009

A Scam Within A Mirage Within A Mirage Of A Scam



All of a sudden in Obamaland, the chosen one has turned all the Banks into profitable institutions ! Of Course its all bollocks, the bastards are fiddling the books like nobodies business.

“Although perfectly legal, this move is also perfectly delusional, because some day soon these assets will be written down to their fair value, and it won’t be pretty,” he said.

Give it five minutes and they will be pulling the same con trick here.

They never learn, some of these bankers should be authors the amount of fiction they are writing.

13 comments:

Anonymous said...

There is another interesting article here that tells of how traders are scamming the US Government on toxic assets using exactly the same techniques as Enron. Watch it happen here soon.

http://rortybomb.wordpress.com/2009/04/05/banks-as-bidders-and-sellers-financial-nostalgia/

electro-kevin said...

Despatches last night was ... educational.

During the credit boom every $40 lent had only $1 of assets backing it.

I think Britain and America are fucked.

At least the US has 10 Super Carrier Battle Fleets so that it can resort to piracy should the need arise.

bofl-too lazy to sign in! said...

Most of these assets are worthless..

but weirdly the thickos in the stock market all swallowed it......goldman released their figures to tumultuous applause.yet they didnt have to report thumping losses and as they were until recently just an investment bank they made money from trading bonds,stocks,commodities etc....so quite unlike a high street bank...yet up went the price of uk banks....

straight away we have the cheer leaders telling us that the recession is over-it is complete bollocks!

the constant lying and fiddling has left the uk and u.s on the brink of bankruptcy........the u.s now has to bow to the former enemy,China,because they owe them so much money.

If China stop funding the u.s all hell will break loose..this may hurt the chinese a little but it will destroy the u.s..........

how clever are the crooked u.s ???

Old Holborn said...

Money is the capitalisation of Labour. Simple as that.

There are in excess of 6 BILLION of us on the planet. Our governments have simply sold our future labour.

We are therefore bonded slaves.

Anonymous said...

Read this today

http://theylaughedatnoah.blogspot.com/2009/04/still-not-truth.html

These boys did a good one one the suspension of mark-to-market

bofl-too lazy to sign in! said...

enslaved by cnuts like gordon brown and his iq that rivals a nest of gnats....

still there are alternatives........

anyone here called Spartacus?

apocalypse nowish said...

Well actually objective Money is the capitalization of production, not necessarily labor. Money as in paper, pennies and pounds are or just used for trade.

And yes, isn’t this a nice little move they are making. Since it is fictive money what really has happen here is that normal people have been taxed and the power and money has been moved over to the banking sector. This exact thing is going on in the UK right now thru QE so they are already doing it. And where will all the rest of billions come from? From the same source and we all as taxpayers are directly paying for it, well at least for all of that which isn’t borrowed, that comes later.

bofl said...

actually o/h what will come out tomorrow from the hoons in drowning strasse nummer 10+11 is that they have in fact decided that all of us are now going to pay for the recklessness and of course lavish lifestyles of the banking cartel.......no debate-no discussion-we are being dictated too!

in other words these cunts are stealing £thousands from each and every one of us!!!!!

and we do nothing!!!!!!!!

they have not saved the economy.the banks should have been allowed to fail...but they were propped up ONLY because of votes.........nrock-geordieland-halifax-rbs etc......

they should have been allowed to fold and sold off.....other companies would have invested at the right price...........also the banks have been sacking people left right and centre so it hasnt saved ONE SINGLE JOB!

FUCK-WE ARE SOOOOO STUPID-AND SO ARE THE TORIES!!!!!!

we need a campaign to say NO- to every stupid fucking idea from gordon the freeloader- a campaign to stop them pissing away our money-every single day of the year.

ps this 'new' initiative' to go green and digital.......it is also SHIT!!!!!!!!
GOOGLE,MICROSOFT,YAHOO are already LAYING OFF thousands of staff!!!!!!!

and google have been doing some clever tax moves in the uk.....go get 'em gordie!.......
i really cant wait to leave this shitehole...

king barack the first (the man who turned the country upside-down and shook out the change) said...

i'm getting real sick of all these goddamn fairy-tales comin' outta euroland. if you guys don't begin a knucklin'-down and playin' ball i'm gonna have cinderella banged-up in the great tower of londominium and water-boarded...and that's just fo starters. the bitch had it coming anyhows...what with all that disrespective blacking-up tom-foolery mallarkey...hey, things're gonna change 'round here motherfuckers...yeah man...i'm gonna wash all them there dirty ole dishes clean. you betya buddy.

queen obama (a woman who understands the value of the special relationship) said...

22:43

oooh! now there's a good boy! right on mes-sage...yousa comin' home to a big fat steamin' hot slice of mama's home-baked cherry-pie baby! and don't be sneaking-up and a pushin' yo finger in while my back is turned either! coz you sure knows what'll happen if i catches you a licking of it! naughty!

Anonymous said...

We are so clever are'nt we? All those lawyer's, city guru's, consultants and wonderful minds running our economy and shuffling paper for us.

Yet the Chinese have beaten us by flogging us dangerous toys, nick nacks and gadgets.

Arrogance, sheer arrogance.

John said...

00:12,

It is a dance of death and it takes two to tango. The Chinese are sat on a shitload of foreign currency. They really, really don't want the West to start printing money in large amounts.

Anonymous said...

The Chinese are spending that money on minerals, metals and tangiable assets, all now at rock bottom prices due to our wonderful free markets (chortle). If they have any sense that investment will be focussed inwards while we slowly bleed to death in the gutter.

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