(Dec 6) There is now concrete evidence that Wall Street and Washington are running a secret government far removed from the democratic process. Through a freedom of information request by Bloomberg News (that had to go to court for the information), the public now has access to over 29,000 pages of Fed documents and 21,000 additional Fed transactions that were deliberately hidden, and for good reason. These documents show how top government officials willfully concealed from Congress and the public the true extent of the 2008-’09 bailouts that enriched the few and enhanced the interests of giant Wall Streets firms. (Source)
In 2009, the Street’s six largest banks borrowed almost half a trillion dollars from the Fed at nearly zero cost - but never disclosed it. The assets of the four biggest – J.P. Morgan Chase, Bank of America, Citigroup and Wells Fargo – now equal 62 percent of total commercial bank assets. That’s up from 54 percent five years ago. Throw in Goldman Sachs and Morgan Stanley, and these six leviathans preside over the American economy like Roman emperors. And we know that great concentrations of power and wealth do not give up their power and wealth without an enormous fight. Wall Street’s secret government is more than ready to protect itself, even if it means subverting democracy.
(Dec 10) Instead of restoring public trust, Wall Street is making the public more distrustful than ever. The Street’s biggest lobbying groups have just filed a lawsuit against the Commodities Futures Trading Commission, seeking to overturn its new rule limiting speculative trading. For years Wall Street has speculated like mad in futures markets – food, oil, other commodities – causing prices to fluctuate wildly and have raised costs for consumers. It’s just another hidden redistribution from the middle class to the rich. The cost of such cynicism has leeched deep into America, causing so much suspicion and anger that our politics has become a cauldron of rage. It’s found expression in Tea Partiers and Occupiers, and millions of others who think the people in charge have sold us out. (Source)
END TIMES TRUTH
Luke 21:25 [ The Coming of the Son of Man ] “Then there will be signs in the sun, moon, and stars; and there will be anguish on the earth among nations bewildered by the roaring sea and waves.”
You’ve seen the signs in the heavenly three, and that of the “roaring sea and waves” is representative of the people roaring, and the waves of discontent they ripple their governments with. Americans are beginning to realize that Obama can’t deliver on his promises. The United States is a government that has fuel greed among the elite, and squandered the wealth of its citizens by treating them as second class subservient workers to fuel the pocketbooks of other nations. The ripples of discontent becomes increasing evident as the domino effect takes place.
In the very near future, total financial collapse will follow suit and affect all nations. Things will become neck hair raisin’ downright frightful as everything falls apart in society. All programs will be cut, and no money will be used to quell those on hard times. It’s gonna get messy as the unemployed run out of unemployment checks, and the streets become filled with an ever growing number of homeless people; hope will be lost in the government; violence will become rampant; homes will be taken over by those feeling cast off from society; gangs will fight for territory as the police become overwhelmed by the increasing violence.
End Times News Watch: Dec 1-7
End Times News Watch: Nov 2011
