Nearing Midnight: The Total Corruption of the Financial System

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Todd Strandberg – Rapture Ready

For the past six-years, the world has been dealing with what has come to be called the Global Financial Crisis. For America, it has become the longest period of economic stagnation in our nation’s history. We have spent trillions to try to restart our economy, which only continues to sputter along.

I do not think there is any financial formula that we can use to fix our economy. All of our monetary problems can be traced back to moral failings. Unless we deal with the root cause─sin─the stagnation will only continue to grow worse.

One of the most profound examples of how the rule of law has been corrupted by greed is the lack of prosecution of bankers who helped trigger the financial crisis. Washington D.C. regulators pretend that they are being tough on the big banks, but are actually doing everything they can to help cover-up their transgressions. In the savings and loan crisis of the early 1990s, more than 800 bank officials were convicted and sent to prison. This time around, not a single banker has been prosecuted.

The rating agencies assigned with the task of labeling the creditworthiness of bonds issued by banks are to blame. So is the government. Companies like Moody’s and Standard & Poor’s─rubber stamped AAA ratings onto nearly every bond they were asked to rate. The revelation of a series of incriminating emails, executives and analysts caught admitting that their entire business model to be crooked, removes any doubt of fraud:

“Lord help our [expletive] scam…this has to be the stupidest place I have worked,” writes one S&P executive. “As you know, I had difficulties explaining ‘HOW’ we got to those numbers since there is no science behind it,” confesses a high-ranking S&P analyst. “Let’s hope we are all wealthy and retired by the time this house of cards falters,” said another analyst at the firm.

You can’t have white-collar crime without slimy lawyers getting involved. The ones working for S&P have stepped forward, saying the email I quoted and dozens of others were all taken out of context.

At one time, you could trust the economic data released by various branches of the government. Now I don’t think you can place confidence in any figures that comes out of Washington. It started with inflation, when the Bureau of Labor Statistics started substituting components to lower the rate of inflation. Next, the employment data became corrupted when the government used numerous ways to exclude jobless people from the roles of the unemployed.

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It now appears the totals for our national debt have become subject to same sort of monkey business. I noticed in April of this year, the official tally hit $16.8 trillion. Since then it has been slowly moving backwards, as our new treasury chief uses various accounting tricks to keep the national debt frozen at around $600 billion for 2013. We’re still spending more than we take in. The shortfall for May was $139 billion. The number of people on food stamps and disability continues to soar, but it doesn’t matter since we have crooks applying magic accounting to our budget.

The area with the most amount of financial corruption seems to be the precious metal markets. Since rising gold and silver prices reflect negatively on government that operates by creating a mountain of debt, there has clearly been an effort to suppress their price. In just this year alone, there has been a series of strikes on metal prices.

The typical attack would occur in the early morning hours, where billions of dollars’ worth of gold or silver are suddenly dumped onto a thinly traded market. Only a fool would do this because they would get a better sales price during regular trading hours. There has been so much gold dumped onto the market, the only place it could come from is the coffers of some large bullion bank.

There is so much market manipulation going on, I’m looking for the day when some large bank or government is discovered to have suffered a trading loss of a monumental magnitude. Since there is no integrity left on , we seem doomed to repeat the 2008 meltdown.

I’m very concerned about what will happen in the coming financial calamity. If President Obama is able to chip away at our rights in good times, I hate to think what will happen when things turn desperate. Some of the most sinister words one can hear today, ” I’m from the government and I’m here to help.”

“But evil men and seducers shall wax worse and worse, deceiving, and being deceived” (2 Timothy 3:13).

Posted on VOL by Lyn Leahz