Archive for the 'China' Category

TBR News May 1, 2010

May 01 2010 Published by under China,MERS,Mortgage Fraud

The Voice of the White House

Ed note: The following article, plus my comments, constitute my column for this edition.

The Costs of Complexity

April 28, 2010

by John Michael Greer

It’s a bit ironic, given the events now in the headlines, that I started last week’s post by commenting that it had been an interesting week for connoisseurs of decline and fall; it might have been better to say “You ain’t seen nothing yet.” About the time the volcanic ash from Iceland began settling out of Europe’s airspace, to begin with, another black cloud began to rise from the lava vents of Wall Street, caused by the spontaneous combustion of whatever might have been left of Goldman Sachs’ reputation for fiscal probity.

It’s a fascinating turn of events, not least because Goldman Sachs has been remarkably cozy with the last two presidential administrations here in the US. Still, that didn’t keep the SEC from filing fraud charges against the firm, and it didn’t prevent the publication of a flurry of highly damaging emails in which Goldman Sachs executives boasted about selling made-to-fail securities to widows and orphans – yes, that last phrase actually got used – and then taking out short contracts on those same securities, so that Goldman Sachs profited when the securities did what they were designed to do, and lost money. For all the world like Casablanca’s Captain Renault, Congress is shocked, shocked to find that Goldman Sachs is making money at its customers’ expense; the interesting question is whether this fine imitation of outrage is simply the sort of ritual theater governments use so often these days as a substitute for constructive action, or whether serious power shifts are under way. Continue Reading »

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TBR News April 19, 2010

Apr 18 2010 Published by under China,MERS,Mortgage Fraud

The Voice of the White House

Washington, D.C. April 18, 2010: ” The website is being reconstructed under a new Webmaster after the sudden departure of the original one. I think we have a much nicer format and expect to see daily postings instead of weekly ones. There will be more interaction from readers (but no blog conversations, please!) and now to business. I have been saying for many months now that the economic collapse was rigged and that the American public has been royally screwed by the big bankers, working hand in hand with members of the bureaucracy.

I have said this on a small scale and the New York Times has been on it on a much larger scale. Now, we can learn, that the mighty, and arrogant, Goldman Sachs has been deliberately allowing its investors to be ripped off, only as long as they and their immediate, and crooked, friends, can prosper. What the mainline media has not dared to mention is this: As a direct result of the deliberate frauds in the mortgage business, caused by the thoroughly crooked Mosilla and company at Countrywide Mortgage (quickly bought up, bad mortgages and all, by the Bank of America), millions of “good” mortgages were bundled together with fakes, turned into a sort of investment sausage and quickly shoved off all over the world by large American banking houses who were fully aware they were selling junk. Continue Reading »

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TBR News April 12, 2010

Apr 16 2010 Published by under China,MERS

The Voice of the White House

Washington, D.C., April 10, 2010: “China has been loudly boasting about her wonderful, surging, economy but there is some humor in the reality of this.

China counterfeited what purported to be U.S. government gold bars but which, in reality, were tungsten bars, gold plated. With these, China was able to buy up enormous amounts of merchandise and raw materials and, still using these fake bars deposited in the major world’s banks, reap a huge reward.

But the Swiss discovered the fraud and China then began to wail that the wicked Americans were shoving fake gold off on them. Of course the fact that China was dumping millions of dollars in counterfeit American gold and silver coins onto the American collecting market somehow never gets mentioned in our worthless print media.

The real humor lies in the fact that the MERS concealed “packaged” mortgages sold very well to an unsuspecting China. Alan Shapiro, who was behind much of the crooked Countryside falsified mortgages, detested the Chinese and saw to it that they, and certain wealthy Arab countries, were jammed full of these worthless objects.

Why worthless? Continue Reading »

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