THE WORLD MELTDOWN IN MONEY AND JOBS
The CBC has undertaken to bring a 4 part Documentary on the
World Financial Meltdown - they have called it "Meltdown."
They are making it or putting it in simple terms so people
like me who are not "into" the financial world can understand
it in simple terms. Some of the books recently published go right
over my head, I'm sure for those into it, the books are easy to
follow.
We start with some guys deciding they can put together fancy
complicated loan plans, mortgage plans, that the common person
could never understand. Banks etc. were giving mortgage deals
to even 17 year old people. People were, to put it blunt and short,
sucked in, just about anyone could have a mortgage. These sellers
knew most could never really afford these mortgages and were not
told that within a few years they would re-adjust themselves, and
most would never be able to meet the payments.
These sub-prime mortgages were packaged up and sold to Wall Street
and on to Britain. They were in effect i.o.u deals.
London and New York were playing to become the world center for
finance.
A guy by the name of Anderson from Britain was in at the top. He
says it was lying, scheming, fraud, from the word go. Prime Minister
Brown of Britain he says was for "free" market - anything goes
mentality.
Soon it was spreading around the world. Those in this greedy fraud
money dealing game were making big money. It was wine, dine, song,
party, dance - wealth beyond words - money coming out of their ears.
Enter Iceland - just about a none player to most people in the world.
But Iceland under its leader was to "go free" - the Prime Minister was
to privatize just about everything. It was easy credit - a wild open
market - making money in real-estate went over the top - out in left
field - the wildest crazy market for building and money loan packages.
Dubi - it joined in - it went crazy - building, building and building.
Enter the buying to re-sell - it went wild. They thought it would never
end - they thought it would go on forever.
Back to Wall Street. Polson was given Washington job by Bush boy. Polson
was a ruthless guy. Even Wall Street disliked him. The world had become
hooked on USA toxic finance deals.
2007 - Paris, France - they found these "fund" deals filled with USA toxic
finance packages. Paris began the "shaking in your boots."
Some vain ego-sentric top of the pole fellow in the bank called Northern Rock
in Britain, finally was having his legs cut from under him. His bank was
in deep trouble. British Government was slow in acting on this bad turn of
events for this bank. And Wall Street just ignored it all.
The Polson fellow in the USA Government was saying "all is well, all is well."
The CEO of Bear Stearns, the 5th largest banking company etc. in the USA,
was a guy by the name of Cayne. He was "out to lunch" in plain language.
He was ruthless - vain - a show-off - in how he lived and worked. In 2008
he was forced out. By March 2008 the BOMB went off! Polson said Bear
Stearns would go down. It's stock went to $2 a share - it was the shock
of the century for Bear Stearns. Cayne claimed it was nothing to do with
him or them. All wanted to point the fingers at others.
Now it was the turn of the 4th biggest money guys in the USA - Lehman
Brothers. At its head was the most hated guy on Wall Street - Fuld was his
name. Fuld came before the USA Congress to answer. Fuld was the most rithless
of the ruthless, a cult personality. In one speech he talked about "ripping
out the heart and eating it before they die" - such was his mentality.
September 11th 2008 the fall begins. Government steps in, but Polson does
not invite Fuld. Polson and the other big guys of Wall Street put together
a deal, to divide up Lehman Brothers - half would go to Britain!
Britain was called on the phone - it was NO DEAL!! Polson was so shocked
at what he knew would happen he left the room sick, called his wife and asked
for prayers to be said. Polson knew jobs would be lost by the millions,
savings would be lost by the tens of millions. Lehman Brothers was in debt
to the tune of 630 Billion!
The flood would cover the earth - doom and havoc - unemployment -
financial disaster around the world would be the aftermath of the Wall Street
bomb exploding!!!
..........
Yes these guys in the financial world of the world KNEW they were playing
a game that could not continue forever. They knew the game would eventually
blow up in their face and the face of tens of millions around the world.
Would any of these guys go to jail for crimes against humanity? A few
"private" ponzy money guys have, but the vast majority of persons in on
this money meltdown have only received a slap on the wrist, many have
been given tax payers money to bail them out. Yes, the USA is bringing in
laws to tighten up the finance game. It is or should be, a lesson for the USA
and others to learn: The land of the free does not mean you are free to do
whatever you like. It should be a lesson for everyone that true freedom is
under true righteous laws. God's law is called the law of liberty (James 2:12).
This does not mean God's law is void or "done away with" - it means you have
true liberty and freedom when you obey God's law.
The age to come - the world, all nations upon it, in that age, will be ruled by
all the laws of God. It will be a world of law, right, perfect laws, to govern
how we live, how we converse with each other, how we do buisness with each
other. It will NOT be a "free for all" world - there will be no GREED, there
will be no SCHEMING, there will be no LYING, there will be no FRAUD, there
will be no DECEPTION. There will be no MONEY meltdown that throws millions out
of house and work.
How we need that age to come!
We continue to pray, "Thy Kingdom come; Thy will be done on earth, as it is
done in heaven."
Keith Hunt
|
