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Wash, Rinse, Repeat of 2008: Another Bailout Cycle, Veneer of Justice in the Works

At this point, even precocious teenagers with higher IQs know that the 2007-2009 financial crisis was largely about the Cabal setting up too-big-to-fail (TBTF) entities to issue cheap default insurance against the debt of insolvents. Then, the inevitable credit collapse happened, the insurance writers failed and their obligations were paid by the U.S. government (taxpayers) to the same cabalists that hatched the scheme. This scheme was popularized and nicely covered in the great but scarcely attended movie “The Big Short,” which I reviewed here.

Fast forward to today: It’s glaringly obvious that the current crop of credit default swaps (doublespeak for insurance) has grown bigger than ever imagined in 2009. Keep in mind that default insurance greases the wheels and facilitates of enormous debt issuance, resulting in a torrent of commissions and underwriting fees for banksters.

This works as long as the counterparties can pay the claims. When the Ponzi Finance Scheme 1.0 becomes terminal, Scheme 2.0 is put into play. Unless somebody stands up to this, Bailout Version 2.0 of Scheme 2.0 will be re-hatched.

I have regularly pointed to Deutsche Bank (DB) and Germany as replacing the 2008 fall guys of Lehman Brothers, Bear Stearns and AIG. However, this is a bouncing ball situation that requires monitoring.

Then came a cabal disinformation and half-truth Bloomberg story (from “unnamed sources”) that Deutsche Bank is in the process of selling $1.1 trillion of mostly single-name credit default swaps (insurance).

The Bloomberg headline mentions JPMorgan Chase (JPM) and Goldman Sachs Group, Inc. as the caca buyers. Note as well that JPM is involved with Italian caca as well. Omitted, but of key importance, is that Citigroup, Inc. is also feeding at the trough. No doubt these derivatives are being bought at a discount.

Interesting Bloomberg oversight since Citigroup is U.S. Treasury Secretary Jack Lew’s old firm. (((Lew))) knows the caca trail well as former chief operating officer of Citigroup’s alternative investments unit. The unit he oversaw invested in a hedge funds “that bet on the housing market to collapse.” Lew’s designated role in the lame-duck months of crony capitalist Obama’s administration is the same as bankster mole and infiltrator Hank “Pants on Fire” Paulson’s in the last months of the corrupt Bush administration.

Readers will note the DB is the institution screaming against negative interest rates now. That could be because negative interest-rate policy (NIRP) has put them on the wrong side of rate derivatives, as well as some remaining credit caca. As the credit plug is finally pulled, the gambit is to take down TBTF DB and smaller players and run a Version 2.0 wash, rinse, repeat of 2008.

This bailout would involve the U.S. and German governments, as well as the E.U. government-looting structures, making Goldman, JP Morgan and Citigroup largely whole on the insurance claims they are buying from DB at a discount. This bailout will be funded by bail-ins, a doublespeak euphemism for looting bank depositors. Read ’em and weep.

A look into the bankster crime-syndicate capture of the U.S. Justice Department during bailout Version 1.0 is in order. The culprits behind the criminality were able to largely escape prosecution primarily because they infested the agency with their own in-group enforcement moles.

The 800-pound gorilla that is missing in these otherwise excellent descriptives is that both the criminals at Goldman Sachs and their infiltrated moles are straight out of a nepotistic in-group Jewish cesspool, or Crime Syndicate. They do use gentile front men, or shabbos goy, such as Eric Holder; but wherever possible in an infestation or capture like this, elite Jews are running the show. The majority of shabbos goy fronted or involved are married to Jews.

As you watch (((the players))) being named in the “Veneer of Justice” video below, always question who is revealed as the in-group in these capture operations. Nobody dares speak it, but the evidence is stark and overwhelming. The death of law and justice in the United States and criminal capture extends far behind the un-prosecuted banksters.

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  • Laughing Stock

    Aurora theater shooter being held in solitary confinement outside of Colorado
    Prosecutors worried James Holmes was receiving special treatment

    In the undisclosed location where he now lives, the Aurora theater gunman sits in a prison cell for 23 hours a day, receives no forwarded mail, has no access to the internet and is given no exercise equipment, according to answers the Colorado Department of Corrections has provided to the prosecutors who put the killer away.

    After James Holmes was moved to an out-of-state prison — state officials say they are barred by the transfer agreement from saying where — prosecutors at the Arapahoe County District Attorney’s office sent corrections officials a list of questions to better understand his living conditions. Victims of the Aurora theater shooting, in which 12 people were killed and 70 wounded, say they should be able to know where the gunman is. Absent that, they and prosecutors were concerned that the gunman may have been receiving special treatment in his new state.

    The Corrections Department, in answers sent this summer to prosecutors, played down those concerns, saying that the Aurora killer is treated the same as other maximum-security inmates. He is in solitary confinement and allowed out of his cell for one hour a day, at which time he can watch television.

    Corrections officials say the killer does not go outside and that they have not forwarded any mail attempted to be delivered to him through the department. He is not allowed conjugal visits, nor is he allowed to get married.

  • bob saffron

    “caca” is Spanish, “cacca” is Italian. Delete at your pleasure.

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