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The Hold Up |
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Written by Asere
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If you've been watching the news and the hysteria that they are putting out there, I hope this piece puts out some clarity for you. 
This financial mess that we are witnessing is not an accident. This financial bailout is really a financial 'hold up' and what we are witnessing and going through is 'structural adjustment' for 1st world nations. It is the best gangsta shit you will ever see and towards the end there will be a stronger centralized global financial system while at the same time adjusting 1st world living standards to the rest of the world.
As organizers we know that the cost of living is stupid and unaffordable. There is a lot of bullshit talk about the sub-prime borrowers and how they took on debt they couldn't afford. This isn't about them. This is about debt and how profits are made from debt through interest rates that keep folks in a state of slavery and indentured servitude.
Debt maintains middle class lifestyles and insures economic loyalty to the republic. One of the reasons Bill Clinton has so much popularity with the Black and Brown middle class is because he made capitalism work for them. Now, that bubble has burst, and its leaving mad folks confused and disoriented. This is called 'Shock' capitalism.
Shock capitalism is how you place people in a state of panic and fear so that one can basically pass any kind of unpopular legislation, i.e 800 billion dollar check, also known as the Housing and Economic Recovering Act 2008, an act that pushes forward socialization/nationalization of debt/risk of global financial companies onto our communities.
For the last thirty years, creating debt has been a main force driving
up the stock market. That's how the stock-market jumped to record highs
of 14,000. Under the guise of the 'appreciation' of things ranging from
real estate to stock market issues, and driven by the indefensible
'interest' cost on all this debt, financial institutions rolled out fat
checks to their constituency that was never grounded in real wealth.
Here's a housing example of how this works---I want to buy a house, aka
Crystal House, in East New York, and its true value is $100,000. But
the market inflated the price to $250,000. They are charging me a high
interest rate on the loan so that at the end of thirty years I will be
paying close to a million on that house. Then the bank, i.e. Country
Wide, takes my mortgage debt amongst other individuals in the
community’s mortgage debt and packages it into a bundle. Country Wide
then takes the inflated mortgage, flips it, aka sells it, for a profit
to a company like Fannie Mae. Then Fannie Mae creates a Trust and flips
that as a bond to investors as an investment for mutual funds/401K
pension funds to invest in. This is called the Securitization Market.
Securitization is a structured finance process, which involves pooling
and repackaging of cash flow producing financial assets into securities
that are then sold to investors. Here's the thing-- the only real asset
is the true value of the house, but banks sold debt as an asset to the
market as profit. Result, Wall Street created paper aka profits without
it being tied to real assets and when they did have access to assets
they inflated it to a point of combustion. Result- Lehman Brothers
implodes. When other financial institutions and investors saw this they
lost confidence in themselves in their financial hustle/schemes
 This
was intentionally designed to leave us where we are now. So please,
don't get it twisted, The Financial industries who run this shit are
predatory in nature. Knowing full well that they were creating a great
deal more debt than anyone could carry, let alone pay back. Through
NAFTA and other trade agreements the U.S. has shifted manufacturing and
research capacity, and jobs, and moved approximately $10 trillion of
capital offshore; much of it by illegal means. This has been the U.S.
economic strategy; export living wage work, raise/inflate the cost of
living, destabilize by internally displacing individuals/communities
and create easy access to credit. Result: communities are hit hard with
mortgage, auto, medical, education and credit card debt.
These financial failures and the nationalization of debt/risk was
always in the cards - it was just a matter of when. This is a global
operation and it is managed tightly by the cartels that syndicate
around central banking and warfare.
There are four main phases:
Phase one-
Break it: Private syndicates make money destroying a place through
devaluing currencies, organized crime, covert operations, warfare or a
variety of all;
Phase Two-
Buy it: The profit generated from breaking it is used to buy or seize 'legal control' at a huge discount;
Phase three-
Fix it: Government funding, credit and subsidies are then used to 'fix
it' while harvesting remaining assets, including with drug trafficking,
sex slavery and any form of liquidating the human, intellectual,
environmental and physical capital in a place;
Phase Four—
Declare Victory: Victory is declared and a flow of foundation and
academic grants funded by the 'break-it-fix-it' profits generate
awards, photo opportunities and official archives and documentation for
the perpetrators to be admired.
Soon, you will witness how the Corporate Media will begin talking about
how The G7, World Bank and the IMF are going to save the day. It’s just
a matter of time before they are promoted as heroes.
Again, this bail out will only push forward the goal for centralized
control of the financial industry. Between Freddie, Fannie, Ginnie Mae,
FHA, VA and the Federal Home Loan Bank Board, the federal government
will no longer regulate or provide credit to the residential mortgage
market - it will be the market. Both republicans and democrats are in
this shit (yes, there are few exceptions). Understand these remedies to
these created problems have been purposefully misdiagnose d
and will lead to an endless maze of hopelessly flawed solutions which
will add more folks to the already billions of folks who do not
currently prosper from this predatory economic system.
As the political and financial elite proceeds, they have taken the
authority to shift up to $700 billion of bad debt and toxic mortgages
(which they created) onto the backs of you via the federal government.
Again, the same folks who have caused havoc in our communities via the
U.S. financial system are the very ones given the lucrative contract to
'rebuild it.' This bail out legislation assigns dictator-like powers to
the U.S. Secretary of Treasury and certain big banks, and, they are
going to use these powers to put themselves in an ideal position to
strike a blow at other competitors, including non-monopoly financial
institutions that are smaller or more community and regionally based.
Many analysts are predicting that hundreds of smaller banks and
financial companies across the U.S. will go bankrupt in the coming
period. Guess who will be swooping in to take over their business.
Pretty fucking gangsta wouldn’t you say! The consequences are gonna be
crazy, not just for the economy, but also for our basic human 'rights'.
Self-determination
Asere
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And so - AFRIKANS now still foolish enough to vote have selected a Jewish president to make war on Afghanistan, Iran, Haiti, Palestine, Somalia, Sierra Leone, and us here, in the u.s.
Big Brother & Corporate Mother...makes hitler look like a fairy - tail.
War Without Terms,
m