Category Archives: Bailouts & Banks

Banks took extraordinary risk in the early 21 Century and demanded tax payer funding to continue operations, some governments foolishly agreed and the taxpayers became angry. This act of pandering to greed and stupidity of the financial elites was one of the driving forces behind the occupy movement. though some people seemed to forget this.

Flowchart of civilization destruction

red pill header1

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You really need to see this on a really big screen.

 The word “dysgenic” was first used, as an adjective, about 1915, by  David Starr Jordan, describing the dysgenic effect of World war I. Jordan believed that healthy men were as likely to die in modern warfare as anyone else, and that war killed only the physically healthy men of the populace whilst preserving the disabled at home. Stolen straight from Wikipedia.

In essence war weakens a society immediately and for generations to come.


So an entirely plausible chart showing causes and effects of various social institutions and political themes leading to a feedback loop between banks and those pushing progressive (politically correct) culture.  Was this actually planned this way of was it an accidental consequence of different groups lust for power at all costs?  Either way it is a very interesting analysis of some very big issues. There is the further prong to the assault of attacking logical reasoning also, to prevent people from comprehending what is actually going on.


One can almost image it as a power point presentation being displayed somewhere quite vile.

Sub prime mortgage crisis explained

I’m sure there are a few people other there really not sure what the sub prime crisis was, or what caused it to occur.

How did so many supposedly smart financiers and bankers get sucked into it, or where they knowing and willing participants, feeling that they were not going to be held liable.

I must admit if you use the language of the accountants, lawyers, banker and government its really hard to decipher what actually happened and who was at fault.

What you do know is you got shafted but you aren’t exactly sure how this happened.

Help is at hand.

Here is a really good common sense explanation of what happened using a small pub as an example. This analogy is approved my our economics adviser as ‘more or less what happened’.


Mary is the proprietor of a bar in Dublin. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronise her bar.

To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around about Mary’s “drink now, pay later” marketing strategy and, as a result, increasing numbers of customers flood into Mary’s bar. Soon she has the largest sales volume for any bar in Dublin.

By providing her customers freedom from immediate payment demands, Mary gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages. Consequently, Mary’s gross sales volume increases massively. A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Mary’s borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.

At the bank’s corporate headquarters, expert traders figure a way to make huge commissions, and transform these customer loans into DRINKBONDS, ALKIBONDS and PUKEBONDS. These securities are then bundled and traded on international security markets. Naive investors don’t really understand that the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics. Nevertheless, the bond prices continuously climb, and the securities soon become the hottest-selling items for some of the nation’s leading brokerage houses.

One day, even though the bond prices are still climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Mary’s bar. He so informs Mary.

Mary then demands payment from her alcoholic patrons, but being unemployed alcoholics they cannot pay back their drinking debts. Since Mary cannot fulfill her loan obligations she is forced into bankruptcy. The bar closes and the eleven employees lose their jobs.

Overnight, DRINKBONDS, ALKIBONDS and PUKEBONDS drop in price by 90%. The collapsed bond asset value destroys the banks’ liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.

The suppliers of Mary’s bar had granted her generous payment extensions and had invested their firms’ pension funds in the various BOND securities. They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds. Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.

Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multi-billion euro no-strings attached cash infusion from their cronies in Government. The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers who have never been in Mary’s bar.

Now, do you understand economics in 2015?

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Worst of all this could still happen to other parts of the economy, including the monetary system, your cash in hand could suddenly become as worthless as a 2006 sub prime CDO.

Shout out to M V.

Banks terrorize Australian farmers viral letter

Apparently this is an open letter from a Queensland based vet that has gone viral. I can see why it has everything were were trying to say at occupy written all over it. The 1930’s are back, grapes of wrath style with greedy banks turfing out farmers for a profit.



Warning: Banks may attempt to foreclose on you even if you have never missed a payment, it’s all about what ever suits the banks profit margin, not about law,  due process or rights.


Politicians of Australia, the people are speaking – and you need to listen.
The team of people who are supporting David – who is flat out working and operating on horses right now – took a call from one of Australia’s most respected and best loved former political leaders this morning who said:

read it yourself….


Dear Men and Women of Australia,

There are two photographs on this page, and while they might look like father and daughter, they are separated by two nations, one ocean and some seventy years.

Yet incredibly, they are both part of the same tragedy, the kind that leaves deep and irreparable scars on a nation and its people for a lifetime.

The young woman who was born in 1907. The elderly man who was born twenty seven years later in 1934.

The photograph of the woman was taken in the Great Depression of 1936 when the man was a two year old boy.

Her name was Florence Owens Thompson and she was a 32 year old mother of seven who was photographed sitting homeless in a tent. The image was published across the newspapers of America and it managed to enrage the nation, because people could not believe that Americans could be treated in such a way.

It forced President Roosevelt to act, to step up and become a leader for his times: he launched soup kitchens, work gangs, programs for the homeless, dams and roads and railways were built – and he gave his people hope.

John Steinbeck later wrote a book called The Grapes of Wrath which became an American literary Icon. It was about a drought that made the farmers penniless – and how the banks had forced them off their land so they could sell it on to the big powerful corporations. What happened to the farmers of Oklahoma ultimately carved a deep and shameful scar across the American identity that was felt throughout the Twentieth Century.

The second photograph on this page is of Charlie Phillott, now 80, an elderly farmer from the ruggedly beautiful Carisbrooke Station at Winton. He has owned his station since 1960, nurtured it and loved it like a part of his own flesh. He is a grand old gentleman, one of the much loved and honoured fathers of his community.

Not so long ago, the ANZ bank came and drove him off his beloved station because the drought had devalued his land and they told him he was considered an unviable risk. Yet Charlie Phillott has never once missed a single mortgage payment.

Today this dignified Grand Old Man of the West is living like some hunted down refugee in Winton, shocked and humiliated and penniless. And most of all, Charlie Phillott is ashamed, because as a member of the Great Generation – those fine and decent and ethical men and women who built this country – he believes that what happened to him was somehow his own fault. And the ANZ Bank certainly wanted to make sure they made him feel like that.

Last Friday my wife Heather and I flew up with Alan Jones to attend the Farmers Last Stand drought and debt meeting in Winton. And after what I saw being done to our own people, I have never been more ashamed to be Australian in my life.

What is happening out there is little more than corporate terrorism: our own Australian people are being bullied, threatened and abused by both banks and mining companies until they are forced off their own land.

So we must ask: is this simply to move the people off their land and free up it up for mining by foreign mining companies or make suddenly newly empty farms available for purchase by Chinese buyers? As outrageous as it might seem, all the evidence flooding in seems to suggest that this is exactly what is going on.

What is the role of Government in all of this? Why have both the State and Federal Government stood back and allowed such a dreadful travesty to happen to our own people? Where was Campbell Newman on this issue? Where was Prime Minister Abbott? The answer is nowhere to be seen.

For the last few months, the Prime Minister has warned us against the threats of terrorism to our nation. We have been alerted to ISIS and its clear and present danger to the Australian people.

Abbott has despatched Australian military forces into the Middle East in an effort to destroy this threat to our own safety and security. This mobilization of our military forces has come at a massive and unbudgeted expense to the average Australian taxpayer which the Prime Minister estimates to be around half a billion dollars each year.

We are told that terrorism is dangerous not only because of the threat to human life but also because it displaces populations and creates the massive human cost of refugees.

Yet not one single newspaper or politician in this land has exposed the fact that the worst form of terrorism that is happening right now is going on inside the very heartland of our own nation as banks and foreign mining companies are deliberately and cruelly forcing our own Australian farmers off the land.

What we saw in the main hall of the Winton Shire Council on Friday simply defied all description: a room filled with hundreds of broken and battered refuges from our own country. It was a scene more tragic and traumatic than a dozen desperate funerals all laced onto the one stage.

Right now, all over the inland of both Queensland and NSW, there is nothing but social and financial carnage on a scale that has never before been witnessed in this nation.

It was 41 degrees when we touched down at the Winton airport, and when you fly in low over this landscape it is simply Apocalyptic: there has not been a drop of rain in Winton for two years and there is not a sheep, a cow, a kangaroo, an emu or a bird in sight. Even the trees in the very belly of the creeks are dying.

There is little doubt that this is a natural disaster of incredible magnitude – and yet nobody – neither state nor the federal government – is willing to declare it as such.

The suicide rate has now reached such epic proportions right across the inland: not just the farmer who takes the walk “ up the paddock” and does away with himself but also their children and their wives. Once again, it has barely been covered by the media, a dreadful masquerade that has assisted by the reticence and shame of honourable farming families caught in these tragic situations.

My wife is one of the toughest women I know. Her family went into North West of Queensland as pioneers one hundred years ago: this is her blood country and these are her people . Yet when she stood up to speak to this crowd on Friday she suddenly broke down: she told me later that when she looked into the eyes of her own people, what she saw was enough to break her heart

And yet not one of us knew it was this bad, this much of a national tragedy. The truth is that these days, the Australian media basically doesn’t give a damn. They have been muzzled and shut down by governments and foreign mining companies to the extent that they are no longer willing to write the real story. So the responsibility is now left to people like us, to social media – and you, the Australian people.

And so the banks have been free to play their games and completely terrorise these people at their leisure. The drought has devalued the land and the banks have seen their opportunity to strike. It was exactly the excuse that they needed to clean up and make a fortune, because once the rains come – as they always do – this land will be worth four to ten times the price.

In fact, when farmers have asked for the payout figures, the banks have been either deeply reluctant or not capable of providing the mortgage trail because they have on-sold the mortgage – just like sub-prime agriculture.

This problem isn’t simply happening in Winton, but rather right across the entire inland across Queensland and NSW. The banks have been bringing in the police to evict Australian famers and their families from their farms, many of them multigenerational. One farmer matter of factly told us it took “oh, about 7 police” to evict him from his first farm and “maybe about twelve” to evict him from his second farm which had been in his family for many generations. You think they are kidding you. Then you see the expression in their eyes.

And there was something far worse in the room on Friday: the fear of speaking out against the banks: when we asked people to tell us who had done this to them, they would immediately start to shake and cry and look away: They have been silenced to protect the good corporate image of their tormentors called the banks. What in God’s name have the bastard banks been allowed to do to our people?

This is a travesty against the rights and the human dignity of every Australian

So it’s only fair that we start to name a few of major banks involved: The ANZ is a major culprit (they made $7 billion profit last year). Then there is Rabo – which is an international agricultural bank – the NAB, Bank West and Westpac (who paid CEO Gail Kelly a yearly salary of some $12 million). They are all equally guilty. For any that we have missed, rest assured they will be publicly exposed as well

But here’s the thing: when these people are forced off their farms, they have nowhere to go. There are no refugee services waiting, such is the case for those who attempt to enter the sovereign borders of this nation. The farmers simply drive to the nearest town – that’s if the banks haven’t stripped their cars off them as well – and they try and find somewhere to sleep. Some are sleeping on the backs of trucks in swags. There is basically no home or accommodation made available to take them. They camp out, shocked and broken and penniless – and they are living on weet bix and noodles. If there is someone that can lend a family enough money to buy food, they will: otherwise they are left completely alone.

And consider this: not one of them has asked for help. Not one. They just do the best they can, ashamed and broken and brainwashed by the banks to believe that everything that has happened is completely their own fault

There is not one single word of this from a politicians lips, with the exception of the incredibly courageous father and son team of Bob and Robbie Katter, who organised the Farmers Last Stand meeting. The Katter family have been in the North since the 1890’s, and nobody who sat in that hall last Friday could question their love and commitment to their own people.

There is barely a mention of any of this as well in the newspapers, with the exception of as brief splash of publicity that followed our visit.

The Minister for Agriculture Barnaby Joyce attended the meeting in a bitter blue-funk kind of mood that saw him mostly hunched over and staring at the floor. He had given $100 million of financial assistance in a lousy deal where the Government will borrow at 2.75% and loan it back at 3.21%.

The last thing these people need is another loan: they need a Redevelopment Bank to refinance their own loans: issuing a loan to pay off a loan is nothing more than financial suicide.

The reality is that Joyce cannot get support from what he calls “the shits in Cabinet” to create a desperately needed Redevelopment Bank so that these farmers can get cheap loans to tide them through to the end of the drought.

Our sources suggest that those “shits in Cabinet” include Malcolm Turnbull – Minister for Communications and the uber-cool trendy city-centric Liberal in the black leather jacket:, Andrew Robb – Minster for Trade and Investment and the man behind the free trade deal, the man who suddenly acquired three trendy Sydney restaurants almost overnight, the man who seems to suddenly desperate to sell off our farms to China – and one Greg Hunt, Environment Minister and the man who is instantly approving almost every single mining project that is put in front of him.

At the conclusion of the meeting, we stood and met some of the people in the crowd. My wife talked to women who would hug her for dear life, and when they walked away people would suddenly murmur “oh, she was forced off last week” or “they are being forced off tomorrow” . Not one of them mentioned it to us. They had too much pride.

The Australian people need to be both informed and desperately outraged about what is being done to our own people. This is about every right that was once held dear to us: human rights, property rights, civil rights. And most all, our right to freedom of speech. All of that has been taken away from these people – and the rest of us need to understand that we are probably next.

In the last four weeks the Newman Government has removed all farmers rights to protest to a mine and given mining companies the rights to take all the water they want from the Great Artesian Basin – and at no cost to them at all.

And all of this has happened under the watch of both Premier Newman and Prime Minister Abbott.

Until Friday, we used to think of Winton as the home of Waltzing Matilda: it was written at a local station and first performed in the North Gregory Hotel. I think it was Don McLean who wrote, “something touched me deep inside…the day the music died”… in his song American Pie, and for us, last Friday was the day music died.

We will never be able to sing Waltzing Matilda again until we see some justice for these people, and all the farmers of the inland.

This is no longer the Australia we once knew: no longer our country, no longer our people, no longer the decent caring leaders we once remembered.

Right now, the banks, the mining mates, the corrupt politicians and all the ‘mongrels in suits’ have won – and the Australian people don’t have a clue what has been done to them.

Like the American Depression and the iconic photograph of Florence Owens Thompson, there is a terrible, gaping wound that has been carved across the heartland of this nation.

We need to fully grasp that, and to understand that our people – dignified, decent and honourable old men like Charlie Phillott – have been deliberately terrorized, brutalised – and sold out.

In one sense, Charlie Phillott has become the symbol overnight of every decent Australian: the simple right to live out our lives on the land we love – and the land we are still free to call our own. At least until some dangerously persuaded corrupted trendy liberal theorist decided to strip all that away.

The truth is, no Australian was ever consulted about whether or not they wanted to see their land mined into oblivion or see our precious water poisoned and given away for free, whether they wanted to be driven off their land by the greed of banking executives who saw the chance to make a profit by wiping out the weakest and most vulnerable amongst us.

No Australian was ever consulted about whether or not we wanted to see our beloved homeland sold on the cheap to greedy faceless foreigners just because some slimy two-faced minister managed to convince a weakened prime minster to meekly carry out his bidding.

Nobody has asked us. We the People. Not once.

So if we are ever going to do something, then we’d better realise that its now only two minutes to midnight – so we’d better move fast.



Please share this as widely as you can across Australia. You are now the only truthful means we have to spread the message.
Contact politicians, contact newspapers, radio and television stations. Demand that your voice is heard.

Charlie Phillott (left) The Australian December 2014:
Florence Owens Thompson (Dorthea Lange) March 1936 (originally photographed in b&w and retouched)

audio link



Less than 48 hours after this message started to go viral, it was announced that ANZ would stop forced sell offs of drought affected farms.

Gold Standard discussed in Swiss Parlaiment

Swiss German with English subtitles.

“Save our Swiss gold”

This is what the initiative wants:

1. No further Gold sales by the SNB!
2. All our gold stored in Switzerland!
3. Physical Gold share minimum 20% of SNB Reserves!


Note its worth pointing out the Swiss never joined the European Union or adopted the Euro as its currency, despite being surrounded with European union countries. Ironically Switzerland hoards vast quantities of gold in bank vaults for the worlds elite but the common man on the surface still deals in worthless unbacked paper fiat called Swiss francs (CF). Bankers in Switzerland are called the Gnomes of Zurich for a reason.

Hong Kong protest from the air




This should give you an idea of the scale of the protest.

The footage is from a drone owned by a protester.

*There is no audio (sound) so don’t bother turning up the volume.

Occupy Central Hong Kong

struggle for democracy

Some things never change, always have a good shield.

Occupy Central Hong Kong

In response to China’s planned erosion of democratic electoral process in the SAR of Hong Kong  (China proposing to only allow their approved candidates to stand for election), an occupation has begun.

The people republic of China has always held democratic reforms as being dangerous and unpalatable and to this day many Chinese residents are completely unaware of  the Tienanmen square pro democracy protest from 1989 and the gruesome way in which it ended.

Many of the protesters have taken to wearing eye protection with some using a improvised saran wrap (AKA cling film/ glad wrap) as a ‘better than nothing’ protection from presumably noxious gasses that may be released by authorities to break up the protest.

Thousands take to the street in Hong Kong in protest of Chinese government wanting to reduce democratic freedoms.

Thousands take to the street in Hong Kong in protest of Chinese government wanting to reduce democratic freedoms.


These guys are smart they are going straight to the heart of the beast, threatening to disrupt banking and finance in Hong Kong.


Breaking news:

Occupy Central appears to be under attack from police right now.


Hong Kong Police use several rounds of tear gas. Most protesters remain crowds estimated to be as many as 30,000.

Hong Kong Police use several rounds of tear gas. Most protesters remain crowds estimated to be as many as 30,000.

live video:

US senator Elizabeth Warren demands jail the banksters

Elizabeth Warren US senator ( image from Washington times)

Elizabeth Warren US senator ( image from Washington times)

Justice Geoffrey Flick : MCC should be shot



Justice Flick, one of three appeal judges, said he had reviewed footage of the removal of the tent dress and was shocked by what he saw.

“Those who made the directions for this conduct to be pursued should be shot. It’s grossly offensive,” he said.

Mobile optimized version

Remember a knife was cutting the tent apart just inches from the back of Kerrsions neck during the incident. This knife (called a tool by Victoria Police) was provided to MCC workers by Victoria Police during the incident. One of the council workers refused to take part in the incident and walked away, though the remaining MCC workers and police mindlessly abused the young woman by tearing away her  clothes and leaving her in her underwear  on the grass.


This incident occurred the day after Victoria police were humiliated by the original tent monster action which saw Kerrison and two  other” tent monsters”  run around the park and  utterly demoralize Victoria police who felt like the fools that they were.

Clearly Victoria police don’t know the meaning of the phrase :”It’s all in good fun”

Banco Espirito Santo nationalised, debts jetisoned



Portugal’s largest bank has been bought by the government after toxic debts were discovered. Rather than stupidly bailing out the speculators and banking executives, the bank has been divided into two parts, the good part with all the assets, and the bad part with all the toxic debts for all the shareholders and speculators. This is effectively the same as finding the vandals on your wooden ship, making them a raft out of the wood they damaged, and them setting the vandals adrift on it, wishing them good luck knowing that it won’t help them.

Portugal has just invented the bailout we expected to happen in the USA following the GFC.


Fun Fact: Australia was once referred to as ‘Espirito Santo’.


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