Sunday, 19 April 2009

Does Anyone Believe the FSA?

FT: FSA Rejects Whistleblower's Claims

That's right, a former employee spoke out about the FSA ignoring problems in the markets...just for attention or something! Do you believe that?

Of course, the story uses the Hegelian Dialectic - either they 'couldn't have seen it coming', or 'they didn't regulate enough'. Thus it subtly conditions the reader that more regulation and 'oversight' is the solution. Bull.

(Image: The current estimates for the bailout costs are $12.8 Trillion, just short of the US GDP.)

More likely is the prospect that the FSA was part of the giant scam engulfing us all - the $1 Quadrilion-$1.4 Quadrillion Ponzi scheme called 'derivatives', and they knew fully what was happening; not only did they do nothing, but I'd bet individuals in the FSA were getting rich just like everyone else in the Square Mile, during the boom and now the bust.

Regulations are actually part of the fraud. For example, lending laws stipulating a ratio of equity to debt (fractional reserve), which essentially allow the banks to create money at will, lend it out, and have the nerve to demand interest on the worthless asset they created.

"The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in." - Sir Josiah Stamp, President of the Bank of England in the 1920's.

Gold, silver and other commodities should be used as 'legal tender' currency, or paper/digital assets representing said commodities. As such, the power to determine what is and is not 'legal tender' must be held by governments and not by private banking institutions that masquerade as government, as should the power to issue money. The international central banking scam can and will be defeated again, as it has been before.

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