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	Comments on: America tearing in two and systemic bank fraud	</title>
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	<link>https://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/</link>
	<description>Author of THE DEBT GENERATION</description>
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		<title>
		By: Fungus FitzJuggler III		</title>
		<link>https://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-3001</link>

		<dc:creator><![CDATA[Fungus FitzJuggler III]]></dc:creator>
		<pubDate>Mon, 28 Feb 2011 06:44:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-3001</guid>

					<description><![CDATA[At this stage, there is nought more to do to warn people. They either got the message or rejected it.&lt;br /&gt;&lt;br /&gt;Now we need to plan the takeover as TPTB falls apart or decides to push the red button? I do not envisage any revolt, simply that leadership must come from somewhere and lead to a more sustainable future. This has happened before and we should try to ensure most of it does not recur.&lt;br /&gt;&lt;br /&gt;One world government might be useful, but is too high a goal but we might co-operate with those from TPTB who want it?&lt;br /&gt;&lt;br /&gt;Any other ideas?]]></description>
			<content:encoded><![CDATA[<p>At this stage, there is nought more to do to warn people. They either got the message or rejected it.</p>
<p>Now we need to plan the takeover as TPTB falls apart or decides to push the red button? I do not envisage any revolt, simply that leadership must come from somewhere and lead to a more sustainable future. This has happened before and we should try to ensure most of it does not recur.</p>
<p>One world government might be useful, but is too high a goal but we might co-operate with those from TPTB who want it?</p>
<p>Any other ideas?</p>
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		By: mikehall		</title>
		<link>https://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2993</link>

		<dc:creator><![CDATA[mikehall]]></dc:creator>
		<pubDate>Fri, 25 Feb 2011 18:32:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2993</guid>

					<description><![CDATA[I saw the film &#039;Inside Job&#039; Wednesday night in Manchester. &lt;br /&gt;&lt;br /&gt;It&#039;s very damning &#038; points the finger well at individuals from Wall St who have occupied key political posts from Reagan thru&#039; to Obama. Key players seem to have been Summers, Greenspan, Bernanke, Geithner &#038; others. &lt;br /&gt;&lt;br /&gt;Timely warnings were given about widespread fraud in mortgage loans &#038; fantasy &#039;ratings&#039; of securitisations based on them. It seems pretty much all the people &#038; institutions actively ignored warnings &#038; indeed many were active in removing or blunting regulation that might have prevented the mess.&lt;br /&gt;&lt;br /&gt;In fact, I thought the film was likely libellous if those mentioned are as guilty as portrayed. Not a chance they&#039;ll go to court - they&#039;re smart enough not to do that.&lt;br /&gt;&lt;br /&gt;It&#039;s a good film, well worth seeing, with some laugh out loud moments from interviewees&#039; incomprehensible replies to some clever trip up questions.&lt;br /&gt;&lt;br /&gt;Guess who was sat at the end of our row in the cinema? - Jeremy Paxman !&lt;br /&gt;&lt;br /&gt;I&#039;m not holding my breath we&#039;ll hear much on BBC Newsnight about it after his blatant neo-con &#039;PR&#039; job for Prof Larry Meade last week. &lt;br /&gt;&lt;br /&gt;Paxman is so in love with his own wonderful-ness I doubt he knows his arse from his elbow.]]></description>
			<content:encoded><![CDATA[<p>I saw the film &#39;Inside Job&#39; Wednesday night in Manchester. </p>
<p>It&#39;s very damning &amp; points the finger well at individuals from Wall St who have occupied key political posts from Reagan thru&#39; to Obama. Key players seem to have been Summers, Greenspan, Bernanke, Geithner &amp; others. </p>
<p>Timely warnings were given about widespread fraud in mortgage loans &amp; fantasy &#39;ratings&#39; of securitisations based on them. It seems pretty much all the people &amp; institutions actively ignored warnings &amp; indeed many were active in removing or blunting regulation that might have prevented the mess.</p>
<p>In fact, I thought the film was likely libellous if those mentioned are as guilty as portrayed. Not a chance they&#39;ll go to court &#8211; they&#39;re smart enough not to do that.</p>
<p>It&#39;s a good film, well worth seeing, with some laugh out loud moments from interviewees&#39; incomprehensible replies to some clever trip up questions.</p>
<p>Guess who was sat at the end of our row in the cinema? &#8211; Jeremy Paxman !</p>
<p>I&#39;m not holding my breath we&#39;ll hear much on BBC Newsnight about it after his blatant neo-con &#39;PR&#39; job for Prof Larry Meade last week. </p>
<p>Paxman is so in love with his own wonderful-ness I doubt he knows his arse from his elbow.</p>
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		<title>
		By: shiningrain		</title>
		<link>https://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2992</link>

		<dc:creator><![CDATA[shiningrain]]></dc:creator>
		<pubDate>Fri, 25 Feb 2011 14:51:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2992</guid>

					<description><![CDATA[Thanks Gollum, again, keep up the good work.&lt;br /&gt;Anyone reading this blog may find the following link extremely illuminating  &#039;Death of the Liberal Class&#039; by Chris Hedges - just read the first 3 pages and you&#039;ll probably be hooked.&lt;br /&gt;&lt;br /&gt;http://www.amazon.co.uk/gp/product/1568586442/ref=oss_product]]></description>
			<content:encoded><![CDATA[<p>Thanks Gollum, again, keep up the good work.<br />Anyone reading this blog may find the following link extremely illuminating  &#39;Death of the Liberal Class&#39; by Chris Hedges &#8211; just read the first 3 pages and you&#39;ll probably be hooked.</p>
<p><a href="http://www.amazon.co.uk/gp/product/1568586442/ref=oss_product" rel="nofollow ugc">http://www.amazon.co.uk/gp/product/1568586442/ref=oss_product</a></p>
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		<title>
		By: wirplit		</title>
		<link>https://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2988</link>

		<dc:creator><![CDATA[wirplit]]></dc:creator>
		<pubDate>Thu, 24 Feb 2011 21:18:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2988</guid>

					<description><![CDATA[Whatever they have done it is not working and this is clear as all is not well with the many smaller banks in the US. The smaller banks which obviously haven&#039;t been rebuilding their balances at quite the rate of the big ones. The number of banks at risk of failure is at the highest level for 18 years &lt;a href=&quot;http://www.cbsnews.com/stories/2011/02/23/business/main20035506.shtml?tag=reddit&quot; rel=&quot;nofollow&quot;&gt;HERE&lt;/a&gt;]]></description>
			<content:encoded><![CDATA[<p>Whatever they have done it is not working and this is clear as all is not well with the many smaller banks in the US. The smaller banks which obviously haven&#39;t been rebuilding their balances at quite the rate of the big ones. The number of banks at risk of failure is at the highest level for 18 years <a href="http://www.cbsnews.com/stories/2011/02/23/business/main20035506.shtml?tag=reddit" rel="nofollow">HERE</a></p>
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		<title>
		By: Golem XIV - Thoughts		</title>
		<link>https://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2987</link>

		<dc:creator><![CDATA[Golem XIV - Thoughts]]></dc:creator>
		<pubDate>Thu, 24 Feb 2011 19:46:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2987</guid>

					<description><![CDATA[Rod,&lt;br /&gt;&lt;br /&gt;I think we are less likely to see any meaningful investigation here in the UK because we have much more to hide and are generally better at it.&lt;br /&gt;&lt;br /&gt;So I think we have to do our best to expose things ourselves in all the ways we can.]]></description>
			<content:encoded><![CDATA[<p>Rod,</p>
<p>I think we are less likely to see any meaningful investigation here in the UK because we have much more to hide and are generally better at it.</p>
<p>So I think we have to do our best to expose things ourselves in all the ways we can.</p>
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		<title>
		By: Rebecca		</title>
		<link>https://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2985</link>

		<dc:creator><![CDATA[Rebecca]]></dc:creator>
		<pubDate>Thu, 24 Feb 2011 17:56:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2985</guid>

					<description><![CDATA[A great link Uncle, I hope that angers keeps growing in the EVERYWHERE]]></description>
			<content:encoded><![CDATA[<p>A great link Uncle, I hope that angers keeps growing in the EVERYWHERE</p>
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		<title>
		By: Uncle		</title>
		<link>https://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2984</link>

		<dc:creator><![CDATA[Uncle]]></dc:creator>
		<pubDate>Thu, 24 Feb 2011 17:03:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2984</guid>

					<description><![CDATA[Great Post Golem&lt;br /&gt;&lt;br /&gt;Just read this posting over at NC. I found that it explained the growing sense of anger well.&lt;br /&gt;&lt;br /&gt;&lt;a href=&quot;http://www.nakedcapitalism.com/2011/02/matt-stoller-the-liquidation-of-society-versus-the-global-labor-revival.html&quot; rel=&quot;nofollow&quot;&gt;Matt Stoller - The liquidation of society versus the global labor revival&lt;/a&gt;]]></description>
			<content:encoded><![CDATA[<p>Great Post Golem</p>
<p>Just read this posting over at NC. I found that it explained the growing sense of anger well.</p>
<p><a href="http://www.nakedcapitalism.com/2011/02/matt-stoller-the-liquidation-of-society-versus-the-global-labor-revival.html" rel="nofollow">Matt Stoller &#8211; The liquidation of society versus the global labor revival</a></p>
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		<title>
		By: guidoromero		</title>
		<link>https://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2983</link>

		<dc:creator><![CDATA[guidoromero]]></dc:creator>
		<pubDate>Thu, 24 Feb 2011 05:44:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2983</guid>

					<description><![CDATA[What I mean to say is that once a debt based fiat monetary system is adopted, then gradually fraud becomes necessary to keep the system going thus the state. As the effects of inflation gradually wane, authorities first try to compensate by creating social and subsidy programs; then they move onto tolerating a degree of fraud; then they co-opt the assistance of more and larger entities and enable them to perpetuate the fraud on a larger and deeper scale; but towards the end, when the currency has lost all degree of efficiency, then at that point, the state must initially collude till at the end it must perpetrate fraud itself.&lt;br /&gt;&lt;br /&gt;Thus, fraud is not fraud as such. It is deliberate state policy in pursuit of what is perceived the state&#039;s legitimate raison d&#039;etat.]]></description>
			<content:encoded><![CDATA[<p>What I mean to say is that once a debt based fiat monetary system is adopted, then gradually fraud becomes necessary to keep the system going thus the state. As the effects of inflation gradually wane, authorities first try to compensate by creating social and subsidy programs; then they move onto tolerating a degree of fraud; then they co-opt the assistance of more and larger entities and enable them to perpetuate the fraud on a larger and deeper scale; but towards the end, when the currency has lost all degree of efficiency, then at that point, the state must initially collude till at the end it must perpetrate fraud itself.</p>
<p>Thus, fraud is not fraud as such. It is deliberate state policy in pursuit of what is perceived the state&#39;s legitimate raison d&#39;etat.</p>
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		<title>
		By: guidoromero		</title>
		<link>https://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2982</link>

		<dc:creator><![CDATA[guidoromero]]></dc:creator>
		<pubDate>Thu, 24 Feb 2011 05:37:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2982</guid>

					<description><![CDATA[Going to try posting a comment once again... &lt;br /&gt;&lt;br /&gt;Good post Golem, as ever. &lt;br /&gt;&lt;br /&gt;What I would like there to happen is for people to realize this is not fraud as such. Not in the sense that one entity turned out to be a bad apple in a cart of otherwise good apples. These practices are pervasive within a very restricted but very prominent circle of financial institutions globally (and remember that GE or GM for example are financial institutions in disguise).  The extent and depth of these practices are sanctioned by the highest offices in government in an attempt at keeping alive our debt based monetary system in order to effect the greatest transfer of wealth possible.&lt;br /&gt;&lt;br /&gt;The only question that remains to be answered therefore, is whether our politicians are aware of the mechanics of our monetary system and are thus willing accomplices or whether they are merely unwitting useful idiots.]]></description>
			<content:encoded><![CDATA[<p>Going to try posting a comment once again&#8230; </p>
<p>Good post Golem, as ever. </p>
<p>What I would like there to happen is for people to realize this is not fraud as such. Not in the sense that one entity turned out to be a bad apple in a cart of otherwise good apples. These practices are pervasive within a very restricted but very prominent circle of financial institutions globally (and remember that GE or GM for example are financial institutions in disguise).  The extent and depth of these practices are sanctioned by the highest offices in government in an attempt at keeping alive our debt based monetary system in order to effect the greatest transfer of wealth possible.</p>
<p>The only question that remains to be answered therefore, is whether our politicians are aware of the mechanics of our monetary system and are thus willing accomplices or whether they are merely unwitting useful idiots.</p>
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		<title>
		By: Zerocrop		</title>
		<link>https://www.golemxiv.co.uk/2011/02/america-tearing-in-two-and-systemic-bank-fraud/#comment-2981</link>

		<dc:creator><![CDATA[Zerocrop]]></dc:creator>
		<pubDate>Wed, 23 Feb 2011 21:59:39 +0000</pubDate>
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					<description><![CDATA[dave from france&lt;br /&gt;&lt;br /&gt;Sure thing.  Matt&#039;s full article is &lt;a href=&quot;http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-20110216&quot; rel=&quot;nofollow&quot;&gt; here&lt;/a&gt;.]]></description>
			<content:encoded><![CDATA[<p>dave from france</p>
<p>Sure thing.  Matt&#39;s full article is <a href="http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-20110216" rel="nofollow"> here</a>.</p>
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