Radio ConCen 11th Dec 2007 Host Og - Fuck the Bankers (MP3)

[Ognir]

Radio ConCen 11th Dec 2007 Host Og - Fuck the Bankers (MP3)

Education thru Information
http://conspiracycentral.net:6969
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ConCen Radio
Tuesday 11th December 2007

Hosted by Ognir

Fuck the bankers and their pyramid schemes
Preapring for the fallout

Og Rant
Frustration
and lots of bad language :biggrin: :biggrin:

[LivingPharaoh]

Looking forward to some ANGER!!! :freaked:

[byrd]

Quote:and lots of bad language

just the way i likes it! :P

[LivingPharaoh]

You need to stop being so damned nervous.

You're good. Good show:)

Also, /r/ name of song on opening.

[Hei Hu Quan]

Downloading now and will listen on commute in. Just finished listening and digesting The French Connection show with DBS and Muhammad Rafeeq on the utter scamming shite this Zionist international banker engineered financial trap has us all in. For those who haven't heard this yet, Og was spot-on in his recommendation of this two-part audio presentation. Check it here for Part 1: DBS & Muhammad Rafeeq: Causes of the Financial Crisis Fully Explained And here for Part 2: DBS & Muhammad Rafeeq: Causes of the Financial Crisis Fully Explained These fucking global Zionist banking predators need to have ALL of their assets seized and sold off to even begin repaying what they've plundered from us all. Then they should be placed in indebted servitude and work until they are useless, then led off to a citizen's firing squad. They are an open cancerous abomination and enemy to humanity.

[Ognir]

"Sub-prime" is a misnomer

The crisis is not about "sub-prime" mortgages. It's about ALL mortgages taken out during the last five years. The media focuses on "sub-prime" mortgages in order to maintain the illusion that the crisis is restricted to one segment of society. Media companies must do this in order to keep their investors happy.

The whole problem comes down to two simple factors that feed on each other with increasing victiousness, like a snake swallowing its tail.

1. As home prices continue to fall, people across the spectrum will owe more than their houses are worth. Therefore people will default, regardless of income, credit score, interest rate, "prime" mortgages, or "sub-prime" mortgages.

2. Mortgage securities of all types will become increasingly worthless. The mortgage market must have investors, and investors will not touch securities that cost more that the value of assets, since that would be throwing money away. (Literally.) Thus, home prices will continue to fall, which will kill the market further.

3. Result: total meltdown.

That's it in a nutshell. Borrowers can't (or won't) repay loans, and investors won't give them loans anyway.

Everyone will be affected, even if they took out NO mortgages. Investors who bought worthless securities include pension funds, municipal governments, and so on. Even if the government decided to let the big banks fail (which the government would never do) the government would also have to let pension funds and many mutual funds fail. There is no escape.

"Sub-prime" mortgages began to slow down in 2005. Banksters kept the game going by offering second and third mortgages on existing properties. Only 25% of mortgages are formally "sub-prime." However 75% of all borrowers (during the last five years) are "sub-prime." Income and credit score are irrelevant. It's a question of owing more than a house is worth.

Second mortgages are considered "prime," which is nonsense. They have high interest rates. Nearly every large bank in the nation offered second mortgages up to 100% of a home's value (!!) with no income or asset documentation. The banks did this to get in make a quick buck, and pass the worthless loans on to other banks farther up the food chain. Second mortgages were best sellers at CITI, Wells, WAMU, Chase, National City and Countrywide. These loans are now completely worthless, because housing prices have dropped. Wells Fargo owns $84 billion of these worthless loans, but the media doesn't count them in the "sub-prime" crisis.

By the way, the media would have you believe that most people took out "sub-prime" mortgages to buy houses. Not true. Most "sub-prime" mortgages were refinances of existing mortgages. People refinanced to get cash. They knew the housing bubble could not continue forever, but they decided to "cross that bridge when we come to it." They took mortgages at a 50% debt-to-income ratio, meaning 50% of ALL their income goes to pay their mortgage. (Before the Fed launched the housing bubble, the maximum allowable debt-to-income ratio was 25%.) These loans put borrowers in their graves the day they signed their loan docs. Borrowers used their houses like ATM machines.

So– yes – borrowers are partly to blame, because they took the bait.

Unfortunately borrowers will take the bait again when banksters put ALL the blame on borrowers. Defaulters will live on the street, while greedy banksters will get bailed out.

Borrowers may have used their houses as ATM machines, but banksters used the ENTIRE NATION as an ATM machine.

Put another way, drug addicts may be responsible for their predicament, but drug pushers are more responsible.

WHO CAUSED THIS?

The blame falls TOTALLY on the Fed, which dangled the bait after the dot-com meltdown in order to keep Wall Street happy. The Fed was the drug pusher on the playground.

This is exactly what the Fed did when it caused the Great Depression. Credit was made easy. Development took off, causing a housing bubble, a stock market bubble, and an industrial bubble. Then – BANG – the Fed tightened interest rates and reduced the money supply. Banks failed. Famine set in. A nation of credit addicts went through the agony of withdrawal.

We should have killed the pusher back then. We should have killed the Fed. But we didn't. And we won't do it now. The Fed will continue until the debt-addict (the USA) is dead.

There are zillions of "prime" first mortgages that are part of the crisis. "Pay-Option ARMs," for example, allowed borrowers to buy million-dollar houses with payments of a few thousand dollars per month. This was necessary in high-price districts like the Bay Area of California. Wamu, Countrywide, Wachovia, IndyMac, Downey and Bear Stearns were among the largest Option ARM lenders. These option ARMs are now truly worthless. No investor has bid on them for months. 75% of Option ARM borrowers make the minimum monthly payment, and many borrowers have second mortgages on top of their option-ARMS. They are doomed.

On top of this is the fact that banks will find it increasingly difficult to foreclose, since no one knows were the mortgage notes are. Again, this will make investors stay away from the mortgage market completely. Game over.

CAN THE GOVERNMENT DO ANYTHING?

No. The government can only slow the meltdown slightly. If the U.S. government tries to intervene, investors all over the world will sue the U.S. government. The government can only resort to bailouts and emergency stop-gap measures, but the dam is crumbling all over.

The only investors who will not be hurt are those like Goldman Sachs that are tied directly into the Fed, and knew the meltdown was coming. Perhaps they even engineered it so they could buy the nation for pennies, as insiders did during the Great Depression. You see, the meltdown will also affect commercial industries, which Goldman Sachs will snap up for pennies on the dollar. Your masters will continue to be the Fed and Goldman Sachs, which are essentially the same thing.

Congress people get a whopping pension for life. They're comfortable. All they care about is protecting Israel. The Bush regime is taking about freezing interest rates on some loans, but this won't affect the meltdown, since people will still owe more than their houses are worth. Even if their payments are temporarily "frozen," they will walk.

There is no way to revive the housing bubble, since doing so would require massive infusions of capital from the Fed, which means more debt and an even bigger meltdown. Whatever the Fed does from now on will make matters worse.

Today the Fed lowered its interest rate a quarter point. This will let the USA survive until the end of the Christmas season, but after that, the USA will be in critical condition. Each lowering of interest rates is another shot of adrenalin. Eventually the body can take no more. The body dies. Flatline.

The only thing that would work is to dump the Fed, and take back control of our money. Since this will not happen, the government will stage another 9-11 and take us to war, with martial law, rationing, and so forth.

It does not matter if the U.S. military opposes another 9-11. Israel will happily provide the nuke. A false flag will be effortless.

Unlike World War II, however, the USA will not win WW III.

The only consolation is that when the USA is gone, Israel will be gone too.

[SiLVa]

Nice break down Og...a bit easier to understand when seen in contrast to whats happened in the past.

[TeslaandLyne]

Goldman 4Q Profit Beats Expectations

Quote:AP
Goldman 4Q Profit Beats Expectations
Tuesday December 18, 8:59 am ET
By Joe Bel Bruno, AP Business Writer
Goldman Sachs Fourth-Quarter Profit Up 2 Percent, Driven by Investment Banking

NEW YORK (AP) -- Goldman Sachs Group Inc. on Tuesday said higher investment banking fees and smart bets in mortgage-backed bonds helped it easily beat Wall Street expectations for the fourth fiscal quarter.

The world's largest investment bank reported profit after paying preferred dividends rose to $3.17 billion, or $7.01 per share, from $3.10 billion, or $6.59 per share in the year-ago period. Revenue for the three months ended Nov. 30 rose to $10.74 billion from $9.41 billion a year earlier.

Results surpassed Wall Street projections for a profit of $6.87 per share on revenue of $10.16 billion, according to analysts polled by Thomson Financial.

Lloyd Blankfein, the investment bank's chairman and chief executive, has been hailed this year for sidestepping the mortgage losses that slammed rivals. During the fourth quarter, Goldman said it boosted assets under management from mortgages and earned about $500 million in trading of non-investment grade loans.

"Inherent in our commitment to our clients is the need to help them execute their transactions in all market conditions and, as a result, we are ever mindful of the importance of effective risk management," Blankfein said in a statement.

Goldman's results follow Lehman Brothers Holdings Corp., which last week said fiscal fourth-quarter profit declined but surpassed expectations. Morgan Stanley posts results on Wednesday, followed by Bear Stearns Cos. on Thursday.

Goldman's stock climbed 29 percent during the fourth quarter to close November at $226.64. The stock rose $3.48 to $212.03 in premarket electronic trading.

world's largest investment bank

The story of Bank of America is interesting, its been on PBS.
It loaned out to emigrant Italians in California with many local offices.
Soon as big as the east coast banks, the owner put an east coaster in charge
while he went on vacation and probably had to start over again.

[TeslaandLyne]

http://www.youtube.com/watch?v=mxNEWGl2rUI


al080664 (2 months ago)
you actually think the US is a free country?
You better think again. If the majority of
the US citizens knew half the things that the
govt. knows, there would be major anarchy.

I put in a nice reply to this poster including some banking references...


Waiting for it to show up.

[itmakesmewonder]

Ognir, you come across really well on radio. Well done!
Lots of people need to hear this.
You make some good points, i will badly reiterate:

1 Convincing people 911 was inside job is quite pointless
2 We are all affected by the bank system and should avoid giving them more money
3 They are run by evil people (probably Zionists)
4 Voting and placing your hopes on any politican is also hopeless, they dont care about us and are puppets too.
5 The fact that you like your job and are doing something you believe in is admirable, people who care about their own lives should also take some thought into who and why they are working for.

Cheered me up thanks.

[TeslaandLyne]

Quote:http://www.youtube.com/watch?v=mxNEWGl2rUI


al080664 (2 months ago)
you actually think the US is a free country?
You better think again. If the majority of
the US citizens knew half the things that the
govt. knows, there would be major anarchy.

I put in a nice reply to this poster including some banking references...


Waiting for it to show up.

ED: I don't see it yet by it had my famous 9/11 <=> JFK x 3000
with JFK saying no war with Cuba and Russia but the bankers saying
war in Nam or there is no cash for you.

Another stellar summary of conspiracy of the USA by bankers.

Some one sent me a video to what but got into this free energy one,
so perhaps I'll give a regular post.

Come on along and shout it out to the random or spying government youtubers.