Part 4: Golden Lily’s Liar Loans and the Subprime Meltdown

In parts one, two, and three a narrative was formed around covert right wing activities stretching from the end of World War 2 up until the start of the War on Terror. In a nutshell, a giant horde of stolen riches known as the ‘Black Eagle Trust’ were used to fund a shadow American empire tucked under the meme of anti-communism.

At the end of the Cold War, a large number of ‘off-balance sheet’ securities were issued by banks such as UBS and Deutsche Bank against this wealth and funneled into the USSR.

In September 1991, George H. W. Bush and Alan Greenspan, both Pilgrims Society members, financed $240 billion in illegal bonds to economically decimate the Soviet Union and bring Soviet oil and gas resources under the control of Western investors, backed by the Black Eagle Trust and supported later by Putin who for the right price purged certain oligarchs.

After the Soviet Union fell, the cabal in possession of these resources made plans to cycle them into the legal economy and cover-up the dirty deeds that they were associated with. The original 10 year Brady bonds, set to mature in September 2001, were destroyed in the attack on the World Trade Center. The firm that held the securities was Cantor Fitzgerald, which suffered catastrophic losses including the death of every employee.

Under a suspension of regular rules by the SEC, the illicit bonds were cleared by the Bank of New York and added to the capital reserves of banks holding ‘Black Eagle’ gold including Chase, Citibank, Credit Suisse, HSBC, Deutsche Bank, and UBS. To obfuscate its trail, the money was quickly shifted into the mortgage market, where the demand for subprime loans would rise by $246 billion.

Loans that require little or no documentation of income soared to $276 billion, or 46 percent, of all subprime mortgages last year from $30 billion in 2001, according to estimates from New York- based analysts at Credit Suisse Group. Homebuyers with those loans defaulted at a 12.6 percent rate in February, compared with 1.5 percent of fully documented prime mortgages, said San Francisco- based First American LoanPerformance, a mortgage consulting group.

The global financial crisis, like the massive pyroclastic clouds flowing through the streets of New York on 9/11, has served as a smokescreen for the criminal syndicate which inherited Golden Lily’s loot to get away...

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Moscow Suicide Bombing Tragic, Raises Brows

An unfortunate suicide bombing, now being referred to as a terrorist attack, occurred early today in Moscow, Russia.  Russia is known for its large mob population, imparticular Moscow, but terrorism and suicide attacks have been relatively dormant over the years.  This comes to a surprise to many of the Russian people and American people alike.

Here is a brief statement from The New York Times

Female suicide bombers set off huge explosions in two subway stations in central Moscow during the Monday morning rush hour, Russian officials said, killing more than three dozen people and raising fears that the Muslim insurgency in southern Russia was once again being brought to the country’s heart.

These attacks are awful and unfortunate, but also raises some eyebrows.  Obviously an attack like this is horrific and surprising, but rarely do you see an attack like this carried out by female insurgents.  Generally, the terrorist attacks Americans associate with are enacted by males.  I have said several times that we cannot label any one group as more prone to carry out such attacks as these, and this is why.  

These tumultuous times for Russia need to be met with warm cooperation from the United States. Prime Minister, and likely to be President Elect again in 2012, Vladimir Putin had this to say

Mr. Putin vowed that "the terrorists will be destroyed."

Violence is never the answer, nor should it be.  The United States and Russia have had some rocky roads in the past, but union must be restored in the faces of domestic dangers such as these.  Although this insurgency was prompted by domestic concerns with Chechnyan issues, the matter of terrorism transcends this.  Hopefully we can work together to stop these things from happening again.

 

It's Vladimir Putin Not Lenin

 

With the increase in claims of "Socialism!" by the right-wing and tea-party nuts, the concept of Soviet Russia always comes in to play.  Most people I come in contact with, sadly enough, don't realize that Russia itself is not a socialist nation anymore.  No folks, this ended with the Soviet Union's collapse nearly 20 years ago.  The undeserved rage ensues from those uneducated enough to open a world-fact book and realize that Russia is a Semi-presidential Federal Republic (or some variation of those words).

With that all being said, a quick look at the Council on Foreign Relations site (CFR.org) has brought about some unique viewpoints towards the United States relations with the Russians.

As many remember, Joe Biden claimed that the U.S. wanted to "push the reset button on US-Russian relations."  I personally liked this a lot.  Russia, although has had some trouble transitioning from a socialist state to a more democratic one, I believe is trying to distance itself from its totalitarian past.

Heres a blurb from an interview with consulting editor of CFR.org Bernard Gwertzmann

More than a year ago, Vice President Joseph Biden made a speech saying the United States wanted to "reset" relations with the Russians. Has this worked?

The atmosphere of the relationship is certainly very different. If you remember the kind of nastiness of the late Bush administration and the end of Vladimir Putin's presidency, and the anger created by the Russian-Georgian War in August 2008, the starting point was very low. The administration thought that it could get results faster than has proved to be feasible, not just in the area of arms control. They worked hard on getting Russian cooperation as a transit country for getting supplies into Afghanistan, and that eventually started to work but has taken a long time.

President of Russia (albeit in name only) Dmitry Medvedev and Barack Obama have had several talks in the beginning parts of Obama's administration and things seem to be going somewhat more smoothly than the previous administration.  Talks have resumed for instituting a new version of the START initiative (Strategic Arms Reduction Treaty) due to Bush's need to put missile interceptors in the Czech Republic and elsewhere (this angered Russia quite a bit.)

Our Russian relations have come a long way from George W. Bush's method of bludgeoning other countries over the head with a hammer resembling the American flag.

The one road block, it seems, is Mr. Vladimir Putin himself.  Due to a pretty large loophole in the Russian Constitution, a president cannot serve more than 2 consecutive terms.  This means that a person elected president could theoretically take a break for a year, then run again for 2 more terms.  This is likely the route Putin will choose to take.  Putin himself is a very mysterious, authoritative man and only time will tell what he chooses to do.

For now, The United States and Russia could use each other to combat Iranian nuclear threats.  Lets distance ourselves from referring to Russians as socialists, because it is simply not true.

до свидания

for the full interview check this link

http://www.cfr.org/publication/21663/in_moscow_talks_iran_looms.html

 

 

Forum of Gas Exporting Countries

"The time of cheap energy resources, and cheap gas is surely coming to an end." Vladimir V. Putin

This past Tuesday in Moscow and largely at the behest of Russian Prime Minister Vladimir Putin, fourteen large natural gas-producing countries met to establish an organization that will study ways to set global natural gas prices by limiting production, much as the Organization of Petroleum Exporting Countries does for crude oil. For now, the organization is to be called the Forum of Gas Exporting Countries (FGEC. The forum members include: Algeria, Bolivia, Brunei, Venezuela, Egypt, Indonesia, Iran, Qatar, Libya, Malaysia, Nigeria, the United Arab Emirates, Russia, Trinidad and Tobago and, as observers, Equatorial Guinea and Norway.

Russia, the world's largest producer, accounts for 21.6% of global natural gas production. Other top ten global producers attending the meeting include Iran, Norway (as an observer) and Algeria. However, only eight of the 14 countries are world top 20 producers. As an aside, it's noteworthy that none of the large coming on stream Central Asian producers attended the meeting.

There's more...

Bush looked into Putin's soul

Remember these words, when Bush "looked into Putin's soul", and liked what he saw?

"This was a very good meeting. And I look forward to my next meeting with President Putin in July. I very much enjoyed our time together. He's an honest, straightforward man who loves his country. He loves his family. We share a lot of values. I view him as a remarkable leader. I believe his leadership will serve Russia well. Russia and America have the opportunity to accomplish much together; we should seize it. And today, we have begun. . . . I will answer the question. I looked the man in the eye. I found him to be very straightforward and trustworthy. We had a very good dialogue. I was able to get a sense of his soul; a man deeply committed to his country and the best interests of his country. And I appreciated so very much the frank dialogue. . . . We share our love for our families. We've got common interests. And from that basis we will seize the moment to make a difference in the world. That's why he ran for the presidency, and it's why I ran for the presidency."

George W. Bush, 6/16/01
http://www.whitehouse.gov/news/releases/ 2001/06/20010618.html

There's more...

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