"It is already possible to
know, beyond a reasonable doubt, one very important thing: the destruction of the World Trade Center was an inside job,
orchestrated by terrorists within our own government."
David Ray Griffin, Ph.D.
The 21st Century Decade Retrospective
Two earth-shattering catastrophes
shaped the last ten years. The first 911, the staged terror event that provided the self-justification to wage an endless
war against phantom enemies and the second a financial meltdown of the debt ridden international banking system. This has
been a frightful decade for America.
Instead of looking at a straight chronicle timeline, the
more meaningful approach is to relate events as they apply to a decade of war and loss of civil liberties. From a financial
perspective, the 21st century has been a record of continuous weakening of Western economies and decline of a standard of
living. The pillars of social and political stability deterioration are the legacy of the last ten years.
Who could expect the presidential
election between Bush-Gore would be so inconsequential at the time. The war party’s intention to usher in an era of
perpetual conflict was guaranteed far in advance of tallying the chad count. The fateful day of September 11, 2001
was but a pretend rationalization to strip the few constitutional remands of an expiring Republic. The term Bin Laden
would come to describe a state-run ‘PysOps’ hysteria experiment, rather than a real threat to the national security.
The "war on terror" morphed into the ‘war of terror’
with the passage of the Patriot Act. The enactment of legislation that significantly increased the surveillance
and investigative powers of law enforcement agencies is the centerpiece of the post 911 domestic despotism.
infamous "Axis of Evil" propaganda parlance intentionally stoked the fires for retribution
reprisal. The Bush-Blair collation produced fake evidence of WMDs in Iraq, setting the stage to target their manufactured
outrage, against a former CIA asset, Saddam Hussein.
With Defense Secretary Colin Powell’s UN speech justifying invasion of Iraq, he "could not escape the reality that
this speech greased the skids for death and destruction in Iraq and brought unprecedented shame on our country".
Operation Iraqi Freedom starts the last gasp of the military-industrial-complex
to colonize oil resources and to encircle Asian aspirations. The "Central Intelligence Agency admits that the imminent threat from weapons of mass destruction was not
present before the 2003 Iraq war began".
The Department of Homeland Security expands into the domestic Gestapo
force, as a jingoistic response to the regime terror that condoned the 911 myth. Democrats sweep into Congress and pave the
way for Obama on the promise to stop the oversea madness. Bush wins a second term and promptly proclaims a troop surge in
Business as usual continues with new bipartisan scandals among
House and Senate members. With the damage already done, the troop deployment shifts to an Afghanistan war expansion. Bush
claims a second ‘Mission Accomplished’ after the Iraqi elections but GOP loses presidential election to an unknown
Senator Barack Hussein Obama.
To the surprise of only hard left loyalists,
the police state continues and new legislation extends into additional areas of domestic terror. The decade ends with 1 WTC,
aka Freedom Tower, reaches the halfway mark.
In retrospect, Congress felt bullied by Mr. Paulson last year. Many of them fervently believed they should not prop up the banks that had led us to this crisis — yet they were pushed by Mr. Paulson and Mr. Bernanke
into passing the $700 billion TARP, which was then used to bail out those very banks.
Indeed, Congressmen Brad Sherman
and Paul Kanjorski and Senator James Inhofe all say that the government warned of martial
law if Tarp wasn't passed.
Paulson insisted on a "get out of jail card" in the Tarp bill. Specifically, the bill includes the following provision:
"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and
committed to agency discretion, and may not be reviewed by any court of law or any administrative agency".
The Bail Out and Tarp Totals
“I do not regard Fannie Mae
and Freddie Mac as problems. I regard them as great assets.”
Origins of the 2008 Financial Crisis
“You have got to stop that hemorrhaging..If
you don’t, the problem doesn’t go away. Ben Bernanke has said it over and over again. Hank Paulson recognizes
it. This problem began with bad lending practices. Those are his words, not mine, and so this plan must address that or I’ll
be back here in front of a bank of microphones at some point explaining the next failure.” Christopher Dodd
On a parallel track, the financial history of
the last ten years tells an even more frightening tale. The millennium begins with "President Bill Clinton signs Commodities Futures Modernization Act (CFMA), deregulating the derivatives
markets and credit-default swaps. Enron would go on to become the largest corporate fraud in history". The period leading up to the crash has these financial developments according to
US Federal Reserve lowers Federal funds rate 11 times, from 6.5% (May 2000) to
1.75% (December 2001) creating an easy-credit environment that fueled the growth of US subprime mortgages. Fannie Mae and
Freddie Mac combined purchases of incorrectly rated AAA subprime mortgage-backed securities rise from $38 billion to $90 billion
per year, as mortgage denial rate of 14 percent for conventional home purchase loans drop in half of 1997 figures.
Federal Reserve Chair Alan Greenspan lowers Federal Reserve’s key interest
rate to 1%, the lowest in 45 years. U.S. subprime mortgages increased 292%, from $332 billion to $1.3 trillion, due primarily
to the private sector entering the mortgage bond market, once an almost exclusive domain of government sponsored enterprises
like Freddie Mac.
Many financial institutions issued large amounts
of debt and invested in mortgage-backed securities (MBS), believing that house prices would continue to rise and that households
would keep up on mortgage payments.
The Securities and Exchange
Commission ceases an investigation of Bear Stearns "pricing, valuation, and analysis" of mortgage-backed collateralized
debt obligations. No action is taken against Bear.
rapid deterioration of the credit worthiness of loans soars from 2006 to the seminal October 2008 meltdown. Signs of a genuine
recovery have yet to materialize.
Running a similar course is
the derivative financial meltdown. Shifting the debt risk is the essence of derivatives. Naked short selling using derivative
instruments are a practice used by hedge funds. Some significant events define the crisis.
Buffett famously commented in a letter to shareholders
in February 2003, that derivatives can be "financial weapons of mass destruction."
The financial crisis that broke out in August 2007 was considered the worst in the post war period. It represented
the collapse of trillions of fictitious credit derivatives and the meltdown of uncontrolled credit growth. Goldman's derivative
book had a stunning notional value of $53 trillion.
Stearns, Lehman Brothers and AIG meltdown trigger the bottom to fall out, causing a global financial collapse. The international
banking network implodes along with sovereign debt defaults. Governments incur new record debt to bailout the likes of Northern
Rock, HBOS, Lloyds, Barclays, JPMorgan Chase, Citibank, Bank of America and Wells Fargo. Fannie Mae and Freddie Mac attempts
a restructure, while Central Banks monetize currencies and the cycle of swaps escalates.
tanks, debt-ridden public face personal bankruptcy, and loss of their underwater houses. Barney Franks and Chris Dobb escape blame from their failed policies as Fannie Mae's executive chairman,
Franklin Raines, picked up over $90m in bonuses and stock options.
A basic consequence of the financial depression
has raised the disparity in wealth to recent historic levels. William Domhoff provides a pie chart and states: "If we break the data down further we will find that 93 percent
of all financial wealth is controlled by the top 10 percent of the country".
global economy, while on borrowed time before the ultimate financial burst, widens the gap between the super rich and the
rest of us. The untouchable cast system is the growth industry of the corporate/state. The cumulative debt obligations of
governments, business and consumers are unsustainable. The world economy cannot overcome the burden of paying compound interest
on indebtedness to a banking system that creates miraculous money entries on a balance sheet out of thin air.
the essential reason why the real masters of the homeland security myth are the true terrorists. While the decade was dominated
by the twin tower financial fraud, other noteworthy events took place. The following twovideos provide a fast pace montage collection of the decade.
The Decade in 3 Minutes
The Decade in 7 Minutes
This analysis has an American perspective.
Europe shares much of the same illusions that plague the United States. The Asian economies seem immune to much of the financial
chaos that has shifted wealth away from the post WWII power centers. The security breaches that befall India, Indonesia and
Africa seem minor in comparison to the instability of the Middle East.
The undeniable beneficiaries from the disruptions
in the first decade of the new century are the cabal of New World Order "Mattoids". Anti-democratic tyrants control western nations. The model for the next decade and the foreseeable
future is the Chinese police state. The impact of this conclusion is demonstrated in this year ending news report in the Daily Mail.
"China has said it is willing to bail out debt-ridden countries
in the euro zone using its $2.7trillion overseas investment fund.
In a fresh humiliation for Europe, Foreign Ministry
spokesman Jiang Yu said it was one of the most important areas for China's foreign exchange investments.
has already approached struggling European countries with financial aid, including offering to buy Greece's debt in October
and promising to buy $4billion of Portuguese government debt".
Money is more powerful than guns and
bullets in this New Age global slave plantation. The reason why Open Borders will not be closed is that the destruction of
America’s independence is a primary goal of the NWO. The domestic war on liberty requires the elimination of patriotic
dissent. Official terror policy is aimed at us. No rational and informed citizen can any longer argue that the Republic can
be restored. The last decade buried the corpse and incinerated the body of laws that once ruled a free people. The impending
fate of the apathetic sheeple that allowed the crimes of this century to go unpunished is bleak. While hope is eternal,
tyranny is inevitable.
"I think it is clear that
Fannie Mae and Freddie Mac are sufficiently secure so they are in no great danger... I don't think we face a crisis; I don't
think that we have an impending disaster. ...Fannie Mae and Freddie Mac do very good work, and they are not endangering the
fiscal health of this country." Rep.
Barney Frank, D-MA, 10/6/2004