Talk of fraud is now going main stream. Even previously willfully blind media companies like CNBS are now at the very least mentioning the word. Spitzer, Ratigan, the NYT, and a handful of other media companies appear, at least momentarily, to be joining the chorus too.
The trigger this time is what is now known as Foreclosure Gate. But it could have easily been any of a plethora of other things that triggered the sudden realization that fraud is a deliberate tool of the authorities.
But Foreclosure Gate, or the deliberate choice to allow banks to disregard accounting compliance, or government giving public funds to select private companies or any of a list of other actions that are blatantly and factually illegal are only symptoms of a dynamic that is well known and that leads to a logical conclusion that, too, is known. We know why this is happening and we know how it ends.
How do we know?
Because it has happened before; several times in fact. And every time it ended the same way.
So, absolutely, let’s make a big deal of Foreclosure Gate. It is right we should and hopefully someone will get indicted.
But Foreclosure Gate is only a symptom. What we need is for someone with clout to take up the matter of the monetary system. The monetary system is THE ultimate cause of this all too predictable and politically mandated debacle.
Tags: bank of america, banks, citibank, criminal government, foreclosure gate, fraud, goldman sachs, government bankruptcy, government deception, jp morgan, sovereign bankruptcy, wells fargo, white collar crime