Adonis Diaries

Posts Tagged ‘junk mortgages

International financial institutions, backed by the US government, created vast operations of fraudulent mortgage schemes as witnessed since 1990.  First, the Saving and Loans banks were “saved” by Bush Sr. infusing $500 billions with tax payers money.  The mortgages were estimated to have 100% probability of losing their entire values.  The federal government and the Saving and Loans banks knew what they were doing. The two powers knew that homeowners would never be able to pay the interest.  Then, a new scheme was invented called “re-financing”

Those junk mortgages were re-sold on the world market and packaged “as sure as treasury bonds”.  This re-packaging scheme was called “derivatives” (as drifting money operations).  James Kenneth Galbraith, professor at the university of Texas, labeled these schemes as “identical to forging money, no more no less”

First, the tax payers (the honest hard-working citizens) paid for the saving and Loans banks in 1990, then they re-paid these fraudulent “faked money” mortgages in 1997, and then, after the Big Financial Crash.  Over one trillion dollars covered the fraudulent operation under the knowledge and ascent of the successive US Administrations.

The US government have been forging dollars since Nixon uncovered the dollars that was seemingly supported by gold reserves. It is not over.  The forging of dollars is going strong and private investors are being scammed every day.

Every time, the US Treasury states that the US economy is strong; when the federal Reserve governor states that the financial state is stable; when the president states during the State of the Union that the US status is strong and secure then, you may say that the government is still forging dollars.

The dollars is disseminated by political pressures; because the US Administration controls the “World bank” and the “International Monetary Fund”; because the US aircrafts carriers roams all oceans and seas.

Wall Street is going strong and hiring.  Over new 160,000 jobs were opened by Wall Street that covers 20% of the budget of the State of New York and 12% of the City of New York.


adonis49

adonis49

adonis49

August 2021
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