“Pay no attention to the man behind the curtain”

On March 12, 2009 I wrote an essay entitled “Operation Confidence Con” where I showed the likely game plan of the new US Treasury Secretary, Tim Geithner, on how he planned to build confidence in our current economic system by manipulating markets and public perception.  Although I believe I correctly exposed the plan, I did not anticipate the size, scope and duration of this new market manipulation policy. Operation Confidence Con is not a “one off” plan to revive the corrupt western banking system but a policy of SUSTAINED MARKET MANIPULATION that is trying to cover-up all aspects of Economic Reality. The tools to accomplish this plan include rigging government economic numbers, disguised plans to bail-out banks with taxpayer money, loading the FDIC with debt obligations to insure further bailouts, crashing the gold and silver markets with paper metal, orchestrating a G20 show to show false solidarity, pumping the stock market with PPT money, changing the accounting laws so banks can hide losses, and on….and on….and on…

Recently, Tim Geithner revealed the core of this master plan in an interview with George Stephanopoulos in a “This Week”:

“The market will not solve this, and the great risk for us is we do too little, not that we do too much,"

This should send shivers down any free market advocates spine. This statement shows his inclination to subvert the free market for the banking cabal’s twisted version of manipulated markets. The beauty of a free market is that it DOES solve theses types of problems but Mr. Geithner and the banking cabal that he works for just DOESN’T LIKE THE ANSWERS.

In a “free market” the companies that make these kinds of giant mistakes go bankrupt and the company no longer exists. Counterparties that aligned their bets with these insolvent companies also suffer the consequences of their poor judgment in that they do not get insurance pay-outs that they counted on to cover their own reckless bets. That is the free market solution.

As for the individuals who commit these types of massive fraud they should be arrested, prosecuted and end up in jail. In a free market they don’t get huge bonuses from taxpayer bailouts. The AIG bonuses were a drop in the bucket compared to the bonuses shanghaied by Goldman Sachs, Citigroup, GE, Bank of America, etc. They got HUGE bonuses/compensation for 2008. Those companies should have imploded because of their reckless practices and NO BONUSES WOULD HAVE BEEN PAID!

Another Geithner quote:

"To get through this, governments need to act.  Great obligation, responsibility for governments to act to solve these things.”

Not true! To get through this the FREE MARKET needs to be allowed to ACT. We are closing in on 2 years of this “Credit Crisis” and there is still no end in sight. Had the free market been allowed to work we would have already suffered through the consequence of our actions and be on the road to recovery.

Today, Tim Geithner and his friends at the Treasury, the FED, the FDIC, the SEC and the CFTC are all colluding to rig EVERY MARKET to suit their Confidence Con. These computer market rigging operations will likely destroy everything the United States stands for.  Meanwhile, people are losing their jobs, their retirement savings, their houses and their faith in their country. It is time to stand up and say “NO MORE”!

-- Posted Friday, 3 April 2009 | Digg This Article