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    Moderator Kristin's Avatar
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    Default Elite Sue Each Other as the House of Cards Fails

    Interesting synopsis of the lawsuits that are currently being enacted by the elite against the elite to vie for control of what remains. This is interesting for as we know this money is virtual... this is a war of virtual reality and is fascinating to say the least:

    Full-Blown Civil War Erupts On Wall Street – Financial Elite Start Turning On Each Other

    Reality Finally Hits The Financial Elite As They Start Turning On Each Other

    By David DeGraw - ampedstatus.org

    Finally, after trillions in fraudulent activity, trillions in bailouts, trillions in printed money, billions in political bribing and billions in bonuses, the criminal cartel members on Wall Street are beginning to get what they deserve. As the Eurozone is coming apart at the seams and as the US economy grinds to a halt, the financial elite are starting to turn on each other. The lawsuits are piling up fast. Here’s an extensive roundup:

    Time to put your Big Bank shorts on! Get ready for arun… The chickens are coming home to roost… The Global Banking Cartel’s crimes are being exposed left & right… Prepare for Shock & Awe…

    Well, well… here’s your Shock & Awe:

    First up, this shockingly huge $196 billion lawsuit just filed against 17 major banks on behalf of Fannie Mae and Freddie Mac. Bank of America is severely exposed in this lawsuit. As the parent company of Countrywide and Merrill Lynch they are on the hook for $57.4 billion. JP Morgan is next in the line of fire with $33 billion. And many death spiraling European banks are facing billions in losses as well.


    FHA Files a $196 Billion Lawsuit Against 17 Banks

    The Federal Housing Finance Agency (FHFA), as conservator for Fannie Mae and Freddie Mac (the Enterprises), today filed lawsuits against 17 financial institutions, certain of their officers and various unaffiliated lead underwriters. The suits allege violations of federal securities laws and common law in the sale of residential private-label mortgage-backed securities (PLS) to the Enterprises.

    Complaints have been filed against the following lead defendants, in alphabetical order:

    1. Ally Financial Inc. f/k/a GMAC, LLC – $6 billion
    2. Bank of America Corporation – $6 billion
    3. Barclays Bank PLC – $4.9 billion
    4. Citigroup, Inc. – $3.5 billion
    5. Countrywide Financial Corporation -$26.6 billion
    6. Credit Suisse Holdings (USA), Inc. – $14.1 billion
    7. Deutsche Bank AG – $14.2 billion
    8. First Horizon National Corporation – $883 million
    9. General Electric Company – $549 million
    10. Goldman Sachs & Co. – $11.1 billion
    11. HSBC North America Holdings, Inc. – $6.2 billion
    12. JPMorgan Chase & Co. – $33 billion
    13. Merrill Lynch & Co. / First Franklin Financial Corp. – $24.8 billion
    14. Morgan Stanley – $10.6 billion
    15. Nomura Holding America Inc. – $2 billion
    16. The Royal Bank of Scotland Group PLC – $30.4 billion
    17. Société Générale – $1.3 billion


    These complaints were filed in federal or state court in New York or the federal court in Connecticut. The complaints seek damages and civil penalties under the Securities Act of 1933, similar in content to the complaint FHFA filed against UBS Americas, Inc. on July 27, 2011. In addition, each complaint seeks compensatory damages for negligent misrepresentation. Certain complaints also allege state securities law violations or common law fraud. [read full FHFA release]

    You can read the suits filed against each individual bank here. For some more information read Bloomberg:BofA, JPMorgan Among 17 Banks Sued by U.S. for $196 Billion. Noticeably absent from the list of companies being sued is Wells Fargo.

    And the suits just keep coming…

    BofA sued over $1.75 billion Countrywide mortgage pool

    Bank of America Corp (BAC.N) was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the bank to buy back the underlying loans because of alleged misrepresentations in how they were made. The lawsuit by the banking unit of US Bancorp (USB.N) is the latest of a number of suits seeking to recover investor losses tied to risky mortgage loans issued by Countrywide Financial Corp, which Bank of America bought in 2008. In a complaint filed in a New York state court in Manhattan, U.S. Bank said Countrywide, which issued the 4,484 loans in the HarborView Mortgage Loan Trust 2005-10, materially breached its obligations by systemically misrepresenting the quality of its underwriting and loan documentation. [read more]

    Bank of America kept AIG legal threat under wraps

    Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter. Bank of America shares fell more than 20 percent on August 8, the day the lawsuit was filed, adding to worries about the stability of the largest U.S. bank…. The bank made no mention of the lawsuit threat in a quarterly regulatory filing with the U.S. Securities and Exchange Commission just four days earlier. Nor did management discuss it on conference calls about quarterly results and other pending legal claims. [read more]

    Nevada Lawsuit Shows Bank of America’s Criminal Incompetence

    As we’ve stated before, litigation by attorney general is significant not merely due to the damages and remedies sought, but because it paves the way for private lawsuits. And make no mistake about it, this filing is a doozy. It shows the Federal/state attorney general mortgage settlement effort to be a complete travesty. The claim describes, in considerable detail, how various Bank of America units engaged in misconduct in virtually every aspect of its residential mortgage business. [read more]


    Nevada Wallops Bank of America With Sweeping Suit; Nationwide Foreclosure Settlement in Peril

    The sweeping new suit could have repercussions far beyond Nevada’s borders. It further jeopardizes a possible nationwide settlement with the five largest U.S. banks over their foreclosure practices, especially given concerns voiced by other attorneys general, New York’s foremost among them…. In a statement, Bank of America spokeswoman Jumana Bauwens said reaching a settlement would bring a better outcome for homeowners than litigation. “We believe that the best way to get the housing market going again in every state is a global settlement that addresses these issues fairly, comprehensively and with finality. [read more]

    FDIC Objects to Bank of America’s $8.5 Billion Mortgage-Bond Accord

    The Federal Deposit Insurance Corp. is objecting to Bank of America Corp. (BAC)’s proposed $8.5 billion mortgage-bond settlement with investors, joining investors and states that are challenging the agreement. The FDIC owns securities covered by the settlement and said it doesn’t have enough information to evaluate the accord, according to a filing today in federal court in Manhattan. Bank of America has agreed to pay $8.5 billion to resolve claims from investors in Countrywide Financial mortgage bonds. The settlement was negotiated with a group of institutional investors and would apply to investors outside that group. [read more]

    Fed asks Bank of America to list contingency plan: report

    The Federal Reserve has asked Bank of America Corp to show what measures it could take if business conditions worsen, the Wall Street Journal said, citing people familiar with the situation. BofA executives recently responded to the unusual request from the Federal Reserve with a list of options that includes the issuance of a separate class of shares tied to the performance of its Merrill Lynch securities unit, the people told the paper. Bank of America and the Fed declined to comment to the Journal. Both could not immediately be reached for comment by Reuters outside regular U.S. business hours. [
    read more]

    Bombshell Admission of Failed Securitization Process in American Home Mortgage Servicing/LPS Lawsuit

    Wow, Jones Day just created a huge mess for its client and banks generally if anyone is alert enough to act on it. The lawsuit in question is American Home Mortgage Servicing Inc. v Lender Processing Services. It hasn’t gotten all that much attention (unless you are on the LPS deathwatch beat) because to most, it looks like yet another beauty contest between Cinderella’s two ugly sisters. AHMSI is a servicer (the successor to Option One, and it may also still have some Ameriquest servicing).

    AHMSI is mad at LPS because LPS was supposed to prepare certain types of documentation AHMSI used in foreclosures. AHMSI authorized the use of certain designated staffers signing with the authority of AHSI (what we call robosinging, since the people signing these documents didn’t have personal knowledge, which is required if any of the documents were affidavits). But it did not authorize the use of surrogate signers, which were (I kid you not) people hired to forge the signatures of robosigners. The lawsuit rather matter of factly makes a stunning admission… [read more]

    Fraudclosure: MERS Case Filed With Supreme Court

    Before readers get worried by virtue of the headline that the Supreme Court will use its magic legal wand to make the dubious MERS mortgage registry system viable, consider the following:

    1. The Supreme Court hears only a very small portion of the cases filed with it, and is less likely to take one with these demographics (filed by a private party, and an appeal out of a state court system, as opposed to Federal court). This case, Gomes v. Countywide, was decided against the plaintiff in lower and appellate court and the California state supreme court declined to hear it

    2. If MERS or the various servicers who have had foreclosures overturned based on challenges to MERS thought they’d get a sympathetic hearing at the Supreme Court, they probably would have filed some time ago. MERS have apparently been settling cases rather than pursue ones where it though the judge would issue an unfavorable precedent

    3. The case in question, from what the experts I consulted with and I can tell, is not the sort the Supreme Court would intervene in based on the issue raised, which is due process (14th Amendment). But none of us have seen the underlying lower and appellate court cases, and the summaries we’ve seen are unusually unclear as to what the legal argument is. [read more]

    Iowa Says State AG Accord Won’t Release Banks From Liability

    The 50-state attorney general group investigating mortgage foreclosure practices won’t release banks from all civil, or any criminal, liability in a settlement, Iowa Attorney General Tom Miller said. [read more]

    Fed Launches New Formal Enforcement Action Against Goldman Sachs To Review Foreclosure Practices

    The Federal Reserve Board has just launched a formal enforcement action against Goldman Sachs related to Litton Loan Services. Litton Loan is the nightmare-ridden mortgage servicing unit, a subsidiary of Goldman, that Goldman has been trying to sell for months. They penned a deal to recently, but the Fed stepped in and required Goldman to end robo-signing taking place at the unit before the sale could be completed. Sounds like this enforcement action is an extension of that requirement. [read more]

    Goldman Sachs, Firms Agree With Regulator To End ‘Robo-Signing’ Foreclosure Practices

    Goldman Sachs and two other firms have agreed with the New York banking regulator to end the practice known as robo-signing, in which bank employees signed foreclosure documents without reviewing case files as required by law, the Wall Street Journal said. In an agreement with New York’s financial-services superintendent, Goldman, its Litton Loan Servicing unit and Ocwen Financial Corp also agreed to scrutinize loan files for evidence they mishandled borrowers’ paperwork and to cut mortgage payments for some New York homeowners, the Journal said. [read more]

    Banks still robo-signing, filing doubtful foreclosure documents

    Reuters has found that some of the biggest U.S. banks and other “loan servicers” continue to file questionable foreclosure documents with courts and county clerks. They are using tactics that late last year triggered an outcry, multiple investigations and temporary moratoriums on foreclosures. In recent months, servicers have filed thousands of documents that appear to have been fabricated or improperly altered, or have sworn to false facts. Reuters also identified at least six “robo-signers,” individuals who in recent months have each signed thousands of mortgage assignments — legal documents which pinpoint ownership of a property. These same individuals have been identified — in depositions, court testimony or court rulings — as previously having signed vast numbers of foreclosure documents that they never read or checked. [read more]


    JPMorgan fined for contravening Iran, Cuba sanctions

    JPMorgan Chase Bank has been fined $88.3 million for contravening US sanctions against regimes in Iran, Cuba and Sudan, and the former Liberian government, the US Treasury Department announced Thursday. The Treasury said that the bank had engaged in a number of “egregious” financial transfers, loans and other facilities involving those countries but, in announcing a settlement with the bank, said they were “apparent” violations of various sanctions regulations. [read more]

    This Is Considered Punishment? The Federal Reserve Wells Fargo Farce

    What made the news surprising, of course, was that the Federal Reserve has rarely, if ever, taken action against a bank for making predatory loans. Alan Greenspan, the former Fed chairman, didn’t believe in regulation and turned a blind eye to subprime abuses. His successor, Ben Bernanke, is not the ideologue that Greenspan is, but, as an institution, the Fed prefers to coddle banks rather than punish them.

    That the Fed would crack down on Wells Fargo would seem to suggest a long-overdue awakening. Yet, for anyone still hoping for justice in the wake of the financial crisis, the news was hardly encouraging. First, the Fed did not force Wells Fargo to admit guilt — and even let the company issue a press release blaming its wrongdoing on a “relatively small group.”

    The $85 million fine was a joke; in just the last quarter, Wells Fargo’s revenues exceeded $20 billion. And compensating borrowers isn’t going to hurt much either. By my calculation, it won’t top $20 million. [read more]

    Exclusive: Regulators seek high-frequency trading secrets

    U.S. securities regulators have taken the unprecedented step of asking high-frequency trading firms to hand over the details of their trading strategies, and in some cases, their secret computer codes. The requests for proprietary code and algorithm parameters by the Financial Industry Regulatory Authority (FINRA), a Wall Street brokerage regulator, are part of investigations into suspicious market activity, said Tom Gira, executive vice president of FINRA’s market regulation unit. [read more]

    And here’s part of the Collapse Roundup I wrote on August 25th, referenced in the beginning of this report – as you will see, I would probably make a lot more money as an investment adviser:

    Collapse Roundup #5: Goliath On The Ropes, Big Banks Getting Hit Hard, It’s A “Bloodbath” As Wall Street’s Crimes Blow Up In Their Face

    Time to put your Big Bank shorts on! Get ready for a run…

    The chickens are coming home to roost. Reality is catching up with the market riggers (Fed, ECB, PPT, CIA) and the “too big to fail” banks are getting whacked. Trillions of dollars in bailouts and legalized (FASB) accounting fraud cannot save these insolvent zombie banks any longer. The Grim Reaper is on the horizon and his sickle will do what paid off politicians won’t, cut ‘em down to size. So get your silver stake ready, time to plunge it into their vampire squid hearts….

    What about Warren Buffet? He saved Goldman Sachs with a bailout in 2008. Can he save Bank of America?…

    Warren’s bailout will help BofA over the short run, but $5 billion is just a drop in the bucket when it comes to their problems. The only thing his $5 billion will accomplish is a temporary run up in stock value so everyone who has been killed on the plummeting stock price can then jump out without complete loss….

    Trouble a-comin’…

    Goldman Sachs TANKS After CEO Lloyd Blankfein Hires Famous Defense Lawyer

    Is the Goldman Sachs CEO facing a new lawsuit?

    The market seems to think so. Goldman Sachs just tanked in minutes before the close after news that Lloyd Blankfein hired a lawyer famous for defending vilified execs. It’s back up a bit since dropping over 5%, but the news is still concerning.

    It’s unclear whether the lawyer is for him, Goldman Sachs, or both, but Goldman Sachs’s CEO Lloyd Blankfein hired Reid Weingarten, a high profile defense attorney who says “I’m used to these monstrously difficult cases where everybody hates my clients,” according to Reuters.

    Reuters says the hire might have something to do with accusations of Blankfein’s committing perjury. Or something else:

    One former federal prosecutor, who was not authorized to speak publicly, said Blankfein may have hired outside counsel after receiving a request from investigators for documents or other information. [read full report]

    Speaking of hiring lawyers…

    The Global Banking Cartel’s Crimes Are Being Exposed Left & Right… Blowing Up In Their Face… Prepare for Shock & Awe… BOOM!

    Moody’s exposed:

    MOODY’S ANALYST BREAKS SILENCE: Says Ratings Agency Rotten To Core With Conflicts

    A former senior analyst at Moody’s has gone public with his story of how one of the country’s most important rating agencies is corrupted to the core.

    The analyst, William J. Harrington, worked for Moody’s for 11 years, from 1999 until his resignation last year.

    From 2006 to 2010, Harrington was a Senior Vice President in the derivative products group, which was responsible for producing many of the disastrous ratings Moody’s issued during the housing bubble.

    Harrington has made his story public in the form of a 78-page “comment” to the SEC’s proposed rules about rating agency reform….

    Here are some key points:

    * Moody’s ratings often do not reflect its analysts’ private conclusions. Instead, rating committees privately conclude that certain securities deserve certain ratings–but then vote with management to give the securities the higher ratings that issuer clients want.

    * Moody’s management and “compliance” officers do everything possible to make issuer clients happy–and they view analysts who do not do the same as “troublesome.” Management employs a variety of tactics to transform these troublesome analysts into “pliant corporate citizens” who have Moody’s best interests at heart.

    * Moody’s product managers participate in–and vote on–ratings decisions. These product managers are the same people who are directly responsible for keeping clients happy and growing Moody’s business.

    * At least one senior executive lied under oath at the hearings into rating agency conduct. Another executive, who Harrington says exemplified management’s emphasis on giving issuers what they wanted, skipped the hearings altogether. [read full report]

    BOOM! The SEC Caught Covering Up Wall Street Crimes:


    Matt Taibbi Exposes How SEC Shredded Thousands of Investigations

    An explosive new report in Rolling Stone magazine exposes how the U.S. Securities and Exchange Commission destroyed records of thousands of investigations, whitewashing the files of some of the nation’s largest banks and hedge funds, including AIG, Wells Fargo, Lehman Brothers, Goldman Sachs, Bank of America and top Wall Street broker Bernard Madoff. Last week, Republican Sen. Chuck Grassley of Iowa said an agency whistleblower had sent him a letter detailing the unlawful destruction of records detailing more than 9,000 information investigations. We speak with Matt Taibbi, the political reporter for Rolling Stone magazine who broke this story in his latest article….

    KA-BOOM! The Fed And All Their Crony-Capitalist Cartel Members Exposed, Yet Again:

    Wall Street Pentagon Papers Part III – Are The Federal Reserve’s Crimes Still Too Big To Comprehend?

    Another day, another trillion plus in secret Federal Reserve “bailouts” revealed. Bloomberg News exposes this latest Fed “deal” after winning a long Freedom of Information Act (FOIA) legal battle to get the details on what was done with the American people’s money. Their report runs with an AmpedStatus style headline: “Wall Street Aristocracy Got $1.2 Trillion From Fed.”

    The aristocracy is alive and well… thanks to the Fed, of course.

    Keep in mind, this $1.2 trillion is in addition to the $16 trillion the Government Accountability Office (GAO) audit revealed and the over $2 trillion in Quantitative Easing the Fed dished out, not to mention the now continued promise of the Zero Interest Rate Policy (ZIRP). This is also separate from the $700 billion TARP program that Congress approved. This is yet another unknown secret program, throwing another mere $1.2 trillion in public money at the Wall Street elite (global banking cartel), just being revealed now.

    Those of us paying attention over the past three years have had Fed crony-capitalism on steroids fatigue for awhile now. Nonetheless, this is deja vu all over again as another mindbogglingly huge story that must be covered comes to light.

    Here are the details of this latest revelation:

    [read full report]

    Speaking of the $16 trillion GAO audit…

    BOOM! GAO audit exposed, missing some vital details:

    More on how the GAO’s Fed audit failed to disclose some dirty secrets about BlackRock and JP Morgan

    In its review of the Fed’s outsourcing practices, it failed to mention the most damaging and suspicious sole-source (no bid) contract awarded to BlackRock, which was for handling the New York Fed’s toxic Bear Stearns portfolio, otherwise known as Maiden Lane. This contract would generate $108,000,000 in fees and was one of the largest awarded during the bailout period, but it might also have saved JP Morgan $1.1 billion in losses from its Bear Stearns acquisition….

    Also, BlackRock was also one of the managers of the NY Fed’s separate $1.25 trillion MBS purchase program as part of QE1. Contrary to the lie on the NY Fed’s webpage (that the MBS auctions were conducted via competitive bidding), the NY Fed’s own purchasing manager, Brian Sack, admitted in a paper that, “the MBS purchases were arranged with primary dealer counterparties directly, [and] there was no auction mechanism to provide a measure of market supply.”

    Putting it all together, it looks like Jamie Dimon signed off on hiring BlackRock for no justifiable reason to trade the very Maiden Lane portfolio that could have caused his bank, JP Morgan, to lose up to $1.1 billion. And, it was entirely possible that BlackRock saved the portfolio by trading the MBS portion of ML with the New York Fed directly as QE1 was underway. [read full report]

    BOOM! Bear Stearns exposed:

    Report Says Bear Stearns Executives Sold Illegal RMBS and Covered It Up

    Former back office employees from Bear Stearns are coming out of the woodwork to explain how Tom Marano’s mortgage group cheated their own clients out of billions. This week I reported at The Distressed Debt Report, EMC insiders say they were told to make up the classification for whole loans, packaged into mortgage securities, to get them switched out of the trust. By classifying the loans as ‘prepaid’ or having ‘subsequent recoveries’ Bear employees were able to fool the trustee into giving them back loans they were not able to legally service. A move New York Attorney General Eric Schneiderman is actively investigating now.

    In my latest DealFlow story we hear from EMC staffers who describe how subprime loans, that would have been sold by Bear Stearns trader Jeff Verschleiser’s team, never had a proper servicing license in West Virginia when they were packaged into the residential mortgage backed security. In 2003 Bear/EMC put $100 million of subprime loans from West Virginia into a few RMBS transactions. EMC, the banks wholly owned mortgage servicing shop, would service all of Bear’s RMBS after they were sold.

    A year latter, when senior executies realized the mishap instead of Bear going out and informing their regulator and applying for a license, they orchestrated a cover up and even threaten EMC employees not to talk about it. [read full report]

    The big banks are getting lit up!

    You shall reap what you sow.

    From the Heart,
    Wormhole

    Here is the link to read more:
    http://wakeup-world.com/2011/09/06/f...on-each-other/
    Last edited by Kristin; 12th January 2012 at 15:10.

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    Wow, Wormhole. Thanks.

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    All that and Ron Paul hasn't even taken his oath of office, yet. Wow, indeed!
    Mintakan Reality:

    "I am Light and Light is all there is. I am here to bring Light
    as the only choice for creating life."

    Spiritual point of origin - Andromeda

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    It's like watching a group of wild starving dogs tearing into each other for their last meal. What a show.
    From the Heart,
    Wormhole

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    Is this all part of their plan? problem.....reaction......

    Jeanette

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    This is from Sept, whatever became of this lawsuit?
    The minute you settle for less than you deserve, you get even less than you settled for.
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    Default Re: Elite Sue Each Other as the House of Cards Fails

    The article is a synapsis of many lawsuits, if you click the link then you can get more in depth with each one and follow from there. Honestly Toad, there are so many lawsuits that I'm interested in right now that I can barely keep up. Not enough hours in the day. That's why I used the synapse rather then posting each one separately. I'm going to follow the other ones that I've posted however with regards to Monsanto and the Bank of Canada. I encourage anyone and everyone to add info to this thread from the research that they are doing on any related suit above. Thanks, I wish I could be more helpful.
    From the Heart,
    Wormhole

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    Jenci and anyone else who is interested,
    This is a great article in the Huffington post that is well worth the read:

    From Notting Hill Editions

    (www.nottinghilleditions.com)

    There is only the closely-enmeshed interdependence of national economies, writes Tom Kremer, the founder of Notting Hill Editions. And that's not at all the same thing as a global economy.

    Nowadays, the word 'global' trips too easily off the tongue. There are lots of 'globals': global warming, global companies, global trade, global communications, global health risks and, of course, what concerns us here, the global economic and financial crisis.

    As the use of words helps to determine our thinking, we have to be a little careful about the exact meaning of our terms. We have a mental image of an unhindered flow of whatever substance is discussed: virus, climate, trade, information or the crisis. Like all powerful images, this one has a substantial element of veracity as well as a potential to mislead and confuse.

    Please read more and finish article! http://www.huffingtonpost.co.uk/nott...b_1201183.html

    From the Heart,
    Wormhole

    "Each national economy must confront its own truth, allow for profound, organic self-correction to take place, in the hope of other economies doing the same. There is no single authority or, any combination of authorities, that comprehends what is going on, or where we all are, and what we should be doing. Beware of opposing claims. Trust your common sense and translate all statements into terms that apply to your own business, your own household. If the two are in conflict, your simple analysis will be right nine times out of 10."
    Last edited by Kristin; 12th January 2012 at 17:20.

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    You can bet that the Wall St dogs will destroy each other as long as a prize remains.
    Then the last man (or woman) standing will be dumped by the next level up of PTB/PTW, when they are no longer useful.
    When the 1% lose everything some of them may even feel bad about what they have done. But maybe not.
    That's my prediction for problem-reaction-solution.
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    Default Re: Elite Sue Each Other as the House of Cards Fails

    Let's see, with delays and lawyer games we might get a verdict in 20 years with appeals and all things in the problem ... crisis... solution will be done and we will be in a new system that we demanded due to the other coming crisis. Remember, a day before 9/11 we found out the military could not account for 2 trillion dollars, then we forgot all about that after 9/11.

    So, when the next incredibly big crisis hits, and it will be really big, I mean it will make 9/11 look like child's play, we will take the next step in their plan and the whole world will need to come together to fight the "bad" guys.

    I think it's very interesting and all regarding the lawsuits, but I imagine this is all in the cards of distraction. Not dissing the OP, just looking for the next move in the world players ultimate game of chess, and these lawsuits are not checkmate.

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    Great find Wormehole! They are like piranhas, one of them felt the "meat" and the rest is already there but at the end are only bones!

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    Quote Posted by Wormhole (here)
    Jenci and anyone else who is interested,
    This is a great article in the Huffington post that is well worth the read:

    From Notting Hill Editions

    (www.nottinghilleditions.com)

    There is only the closely-enmeshed interdependence of national economies, writes Tom Kremer, the founder of Notting Hill Editions. And that's not at all the same thing as a global economy.

    Nowadays, the word 'global' trips too easily off the tongue. There are lots of 'globals': global warming, global companies, global trade, global communications, global health risks and, of course, what concerns us here, the global economic and financial crisis.

    As the use of words helps to determine our thinking, we have to be a little careful about the exact meaning of our terms. We have a mental image of an unhindered flow of whatever substance is discussed: virus, climate, trade, information or the crisis. Like all powerful images, this one has a substantial element of veracity as well as a potential to mislead and confuse.

    Please read more and finish article! http://www.huffingtonpost.co.uk/nott...b_1201183.html

    From the Heart,
    Wormhole

    "Each national economy must confront its own truth, allow for profound, organic self-correction to take place, in the hope of other economies doing the same. There is no single authority or, any combination of authorities, that comprehends what is going on, or where we all are, and what we should be doing. Beware of opposing claims. Trust your common sense and translate all statements into terms that apply to your own business, your own household. If the two are in conflict, your simple analysis will be right nine times out of 10."
    Hi Wormhole.

    The issue is not the economy, whether independent or global. The economy is the distraction.

    The economy can't be fixed because it is a system which has been created for the sole purpose of failing.

    The lawsuits are all part of the plan with everyone looking to one another to keep distracted from the ones pulling the strings. The whole system is rigged by them....even the courts, no-one can win in the courts, unless PTB want it.

    We can be more effective if he don't get pulled into the drama they are creating and look for the real plan behind it, so we are ready for that when they hit us with it.
    So what's happening in Iran right ?
    Jeanette

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    i agree Jenci. distraction and diversion is such a great tool....... i can honestly say that i would love too see them rip each other apart physically. screw the money angle of it. let them tear each other apart.
    regards, corson

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    Let's work against TPTW taking us to war as a distraction.

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    "The economy can't be fixed because it is a system which has been created for the sole purpose of failing."

    Whether intentional or not, I tend to agree.
    Mintakan Reality:

    "I am Light and Light is all there is. I am here to bring Light
    as the only choice for creating life."

    Spiritual point of origin - Andromeda

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    Jenci, well said. The article is very clear about the complex issues that are at hand economically, however, it is a distraction from the solution which I am firmly believing at this point is to become as independent, sovereign, and sustainable as possible. That means giving up some comforts and traveling less. The more we get back to localized systems the better. If we are creating our own economic niches, there is no bank control. Hell, we can print our own currency if we need it for trade. We need not be dependant upon the vipers that are in debt and are keeping us in dept. Larger corporations need to be regulated and behold themselves to the public. We need to see growth that is based on what is best for the planet, not what is best for monetary gains for a few elite. Our world needs to change direction.

    Why can't we live like people do on Star Trek? LOL,
    From the Heart,
    Wormhole

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    Yeah, they have all our money now, so they have to start suing each other...

    Quote Posted by Jenci (here)
    Is this all part of their plan? problem.....reaction......

    Jeanette

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    Quote Posted by 9eagle9 (here)
    Yeah, they have all our money now, so they have to start suing each other...

    Quote Posted by Jenci (here)
    Is this all part of their plan? problem.....reaction......

    Jeanette
    I need a really big thing of buttered popcorn!

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    Quote Posted by Wormhole (here)
    Jenci, well said. The article is very clear about the complex issues that are at hand economically, however, it is a distraction from the solution which I am firmly believing at this point is to become as independent, sovereign, and sustainable as possible. That means giving up some comforts and traveling less. The more we get back to localized systems the better. If we are creating our own economic niches, there is no bank control. Hell, we can print our own currency if we need it for trade. We need not be dependant upon the vipers that are in debt and are keeping us in dept. Larger corporations need to be regulated and behold themselves to the public. We need to see growth that is based on what is best for the planet, not what is best for monetary gains for a few elite. Our world needs to change direction.

    Why can't we live like people do on Star Trek? LOL,
    From the Heart,
    Wormhole
    I agree with that. Any new system to work has to be very different. I think any change has to be totally outside of this current system. All or nothing kind of thing. The economy is based on energy - free energy and we have less need, need, need.

    The question is will enough people wake up to the fact that they don't need all their material wealth? Perhaps they will when they see the bigger plan unfold.

    Remember the deck may be stacked against us but we hold the ace card - we are the many, they are the few.
    Jeanette

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    Default Re: Elite Sue Each Other as the House of Cards Fails

    Quote Posted by Jenci (here)
    Quote Posted by Wormhole (here)
    Jenci, well said. The article is very clear about the complex issues that are at hand economically, however, it is a distraction from the solution which I am firmly believing at this point is to become as independent, sovereign, and sustainable as possible. That means giving up some comforts and traveling less. The more we get back to localized systems the better. If we are creating our own economic niches, there is no bank control. Hell, we can print our own currency if we need it for trade. We need not be dependant upon the vipers that are in debt and are keeping us in dept. Larger corporations need to be regulated and behold themselves to the public. We need to see growth that is based on what is best for the planet, not what is best for monetary gains for a few elite. Our world needs to change direction.

    Why can't we live like people do on Star Trek? LOL,
    From the Heart,
    Wormhole

    I agree with that. Any new system to work has to be very different. I think any change has to be totally outside of this current system. All or nothing kind of thing. The economy is based on energy - free energy and we have less need, need, need.

    The question is will enough people wake up to the fact that they don't need all their material wealth? Perhaps they will when they see the bigger plan unfold.

    Remember the deck may be stacked against us but we hold the ace card - we are the many, they are the few.
    Jeanette
    Yes, and their means to wiggle out is that they "Had to teach us" the wickedness of this system, but that the true way is .........

    Oh, I can hear the chorus, the praise and adulation. The wonderful new powers, upgrade in DNA, ascension to higher ways and living.... long life, health, the TRUTH! Halleluyah finally the Truth ... don't believe it for a minute. We've been warned, but most will be fooled by the promises. How do you think they get such good men and women to turn on their fellow man? Why a spectacular lie that is so wonderful and founded in 90% truth.

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