Events are unfolding so rapidly now on so many fronts it can be overwhelming to the point our eyes glaze over and we just stop paying attention. However, that is exactly the opposite of what we should be doing. It is what the PTB are counting on though, that we just completely stop paying attention. The one thing that can keeps us alive though is perspective. Understanding the magnitude of what is going on and being able to understand the totality of the events in such a way we can digest it and make rational decisions about our destinies. So I am going to take a few moments here to put things in a little perspective and try to be all encompassing at the same time. I am not sure I will accomplish that, but I am going to try.
On the economic side, remember all the speeches about we can longer have banks that are too big to fail? That was the justification for raiding the federal coffers. Well one of the elements the PTB count on is our short memory span. MSM is designed around the Andy Warhol theory of 15 seconds of fame. By that I mean our attention span collectively seems not much longer than that length of time, so politicians can say something today that gives a good sound bite knowing we are not likely to hold them accountable tomorrow for what they said today, let alone months later when they are up for re-employment by corporate America… I mean re-election, sorry.
Well when our government and the Fed drained the coffers for $7.6 Trillion, they said “never again will we allow any banking institution get to big to fail”. The so-called justification for the AIG and Lehman Bros. bailouts. Remember? They would begin immediately to legislate banking controls. Well it is 1 year later and not a single major bill has even been introduced in congress. So let’s see how those “banks” that were supposed to be reduced in size are doing today.
Look surprised now. The big have gotten even bigger since the start of the financial crisis. At the end of 2007, the Big Four banks — Citigroup, JP Morgan Chase, Bank of America and Wells Fargo — held 32 percent of all deposits in FDIC-insured institutions. As of June 30th, 2009, it was 39 percent. The estimates for year-end put it more like 41-42%. Fifteen years ago, the combined assets of our six biggest banks totaled 17 percent of our GDP. By 2006, that number was 55 percent. Right now, it stands at 65 percent. Finally the most telling numbers, The big four have half of the market for mortgages and two-thirds of the market for credit cards. Five banks have over 95 percent of the market for over-the-counter derivatives. Three U.S. banks have over 40 percent of the global market for stock underwriting. The 95 % share of the derivatives market is the scary one. More and more really serious people are beginning to warn that since these banks have not changed in any way how they manage risk that the second crash is no longer a probability, it is an imminent event, probably in the June or July time-frame. The wildest part is that the same group of banksters and their cronies that got us into this mess are the ones in charge of fixing it!!! Huh? If you haven’t already I would suggest you immediately get your hands on your cash before it is all gone. This second wave down will be far worse than the first and between the loses you will take on your 401Ks, retirement accounts and IRAs and the huge devaluation of the dollar that is headed our way, you will be lucky to have 10% of what your net worth is now in just a few short months.
On the geophysical front, MSM remains mum on the patently obvious changes going on around us. It is not only the number of earthquakes, volcanoes erupting, or extreme weather events, but the significant change is in the energy of the events. We have had hurricane force winds twice in the last 30 days in EUROPE! While the number of earthquakes above 3.0 have increased significantly recently, they really haven’t exceeded numbers from historical data say the geologists,which is true. However, what they haven’t said is that the energy released from these recent events has almost tripled averaging an equivalent of 450,000 tons of TNT for just the level 3.0 quakes! Wind energy in storms has nearly doubled. Think about Haiti just for a moment. It was reported as a 7.0 quake, but the devastation was equivalent to what you would expect from an 8.5 or greater. The quake in Chile was reported as an 8.8, but did three times the damage that the 9.7 quake did in Chile in the 1960s.
These events can no longer be denied and our governments, not just the US, know a helluva lot more than they are admitting and it is time we all begin to demand full disclosure. I urge everyone to call your congressman, call your senators, and call the White House and demand they come clean with all that they know. It is now the time for full disclosure. It is our right to decide our own destinies, not have someone else to decide it for us and keep us ignorant till the end.
Here is Uncle Willie’s thought for the day: