Bank of America suffering from huge losses

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The largest USZ Bank, Bank of America, has reported huge losses in the fourth quarter of fiscal 2010 year and revealed a streak of two consecutive quarters of non-profitability. Bank of America on Friday announced a fourth-quarter net loss of USZD 1.2 billion, or 16 cents a share, Forbes reported on Friday. The loss was driven by charges from pre-announced settlements and write-downs related to mortgage problems. Bank of America's revenue was also down 11% in the quarter to USZD 22.7 billion, which was well behind analysts' expectations. Analysts had been expecting a USZD 3 billion charge after the bank said it would pay USZD 1.28 billion to Freddie Mac and USZD 1.52 billion to Fannie Mae in a bid to buy back toxic mortgages.

For the full year of 2010, Bank of America reported a net loss of USD 2.2 billion or 37 cents per share. Bank of America's earnings have been dominated by costs from bad mortgages sold by its sub-prime mortgage unit, Countrywide, during the housing crisis of 2008. Countrywide has cost the bank more than USZD 5 billion in write-downs over the previous two years. Private investors have taken legal actions against Bank of America to compel it buy back mortgages sold on the open market. The financiers argue that the mortgages didn't keep to the underwriting policies of government-sponsored enterprises of Freddie Mac and Fannie Mae. Bank of America and other former Countrywide executives are currently facing numerous law suits over attempts to force lenders to buy back loans that may have been made with incorrect data on income and home values. In December, America's largest home and car insurance company, Allstate, sued Countrywide for miscalculating misrepresenting the risks on more than USZD 700 million of mortgage securities it had earlier bought.

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IMF draculas upset about restoration of Petrol prices in Pakistan

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The IMF mafia has asked Pakistan to cut its energy subsidies saying they were "crippling" its economy, just hours after beleaguered puppet Prime Minister Yousuf Raza Gilani bowing to political and civilian pressure reversed the controversial fuel price hike. They are unable to digest the fact that the new burden that was put on Pakistan's economy in the form of raised petrol prices in the name of "helping the economy" was lifted by the pressure built inside the country. Shamelessly terming the energy subsidies as "inefficient and untargeted", IMF spokeswoman Caroline Atkinson said these subsidies were consuming a large part of the country's budget.

Atkinson said bulk of the energy subsidies were being cornered by people of higher income group and large companies and Pakistan government should make efforts that its spending on energy subsidies should go towards the social sector, health, education and dealing with the after impact of the floods. IMF spokeswoman completely forgot that social sector, health, education and dealing with flood impact would not be possible if poor are directly guided towards death by this shamelessly hypocritical stance of IMF, the masterminds of crippling third world countries in the name of "reviving their economies" and then later on stealing their natural resources in return of worthless speculative dollar based loans.

The International Monetary Authority in 2008 tried its level best to make Pakistan bankrupt in 2008 and has extended a speculative loan for the country in order to justify it's presence in the region for it's larger despicable aims. "Just to clarify, the action on energy subsidies, petroleum prices, was not a part of the IMF program. However, energy subsidies consume a large part of the budget", Atkinson said at a news briefing. She said the IMF arrangement with Pakistan was due to come to an end at the end of December but was extended for nine months so it now will expire at the end of September. "That's to give space for us to continue to discuss with the government the two further disbursements that are allowable under the program and that continues to be the case. What's most important for our arrangement is the ability to discuss with the government, to agree with the government, on the measures that they are going to put in place the economy can support", she said. She however didn't mention the actual long term plans of IMF in the region behind the curtains of "helping" that they were longing for celebrating Pakistan's economic falling apart on the pattern of Yugoslavia and 1970's UK which they couldn't do so far.

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98 USZ banks going bankrupt

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Around one hundred USZ banks which had been rescued by the federal government are facing the prospect of bankruptcy once again, a study finds. A total of 98 unsteady banks that were bailed out by Washington authorities received more than $4.2 billion from the Treasury Department under the Troubled Asset Relief Program (TARP), a recent analysis of federal data by the Wall Street Journal reveals. According to the study, TARP was originally created in the middle of the US financial crisis to help only healthy banks. Seven TARP recipients have already failed, resulting in more than $2.7 billion in lost TARP funds. Most of the troubled TARP recipients are small, plagued by unregulated lending programs from which they might not recover.

The average size of the 98 banks was $439 million in assets as of Sept. 30. The median TARP infusion for each was $10 million, the study shows, citing federal filings. The journal calculations also demonstrate that 814 of the country's 7,760 banks and savings institutions are troubled at the end of America's third-quarter financial period, which is up from 729 at the end of the second quarter. However, figures from the Federal Deposit Insurance Corporation (FDIC) have identified 860 financial institutions as problematic. The banks have not been publicly identified. In October, the Government Accountability Office said 78 banks on the FDIC's troubled-bank list as of June 30 were TARP recipients, up from 47 at the end of 2009. Dozens of TARP banks were "marginal institutions" that were financially weaker than other recipients and should have gotten more scrutiny before receiving taxpayer-funded infusions, the Government Accountability Office said.

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Zaid Hamid sahb talks to patriotic Americans - A hard hitting anti-Zionist telephonic interview

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This is a powerfull BrassTacks interaction with patriotic Americans who are equally threatened and bothered by Zionist globalists just like Muslims are all over the world. These good Christians are friends of humanity, Islam and Pakistan. This broadcast is being heard by a powerfull lobby right now globally.

• Download unedited version of this interview (mp3 format)
• Download cropped version of this interview containing only Zaid Hamid sahb's call (mp3 format)
• Visit the original page: The Ugly Truth podcast (5 December 2010)

http://theuglytruth.podbean.com/

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USZ deal is humiliating: South Korea lawmakers

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In a remarkable development, opposition lawmakers in South Korea have described a free trade agreement recently reached between Washington and Seoul as "humiliating and treacherous". Opposition party lawmakers called on South Korean President Lee Myung-Bak to apologize to the public and reopen negotiations over the deal. The new agreement is a "humiliating and treacherous deal that prevents South Korea's access to the USZ auto market, which should be a key pillar of the FTA (Free trade Agreement)", the opposition party lawmakers said in a statement on Sunday.

Park Jie-Won, floor leader of the South Korean Democratic Party

The South Korean lawmakers added that the agreement has too many concessions for Washington and too little in return for Seoul. "We have been hit by the North with cannons and now we're being hit by the USZ with the economy", said Park Jie-Won, floor leader of the Democratic Party, referring to last month's artillery assault by Pyongyang on a border island. The condemnation comes two days after negotiators from the two countries finalized the details of the FTA in Washington.

The deal was struck after a three-year stalemate on auto tariffs. Under the agreement, the United States of Zionism will be allowed to keep its 2.5% tariff on cars for five years, while South Korea would immediately cut its present 8%  tariff in half.

 

South Korea will also ease car safety and environmental standards so that each USZ automaker will be allowed to export 25,000  cars per year. This is nothing short of a big denting blow to the mutual trust level in the fast growing military interaction of South Korea with USZ.

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Titanic (1912) - The MOST PERFECT crime in History!

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When we think of great mysteries, controversies, conspiracies or historical questions...many come to mind:

• Who really murdered JFK?
• Who was really behind 9-11?
• Did a greater conspiracy surround the Oklahoma Bombing?
• Where did Al-Qaeda come from all of a sudden?
• How come the so called "global warming" started at the end of 20th century when scientists said it was nothing more than a myth?
• Who is behind the Times Square bombing?
• Who wants to wage world war III? and why?

Another historical mystery or puzzle is: What was the real story behind the sinking of the Titanic? The book 'The Secret Terrorists' printed by Truth Triumphant Ministries and reprinted by Tree of Life Resources places blame squarely on the Roman Catholic Order known as the Jesuits.

"The greatest tragedies in the last 200 years can be traced to the Jesuits."

Founded in 1540, the Society of Jesus grew rapidly within the Catholic Church. They were confessors to the ruling families of Europe. They defend the Pope and Catholicism around the world in nearly every country. In 1773, Clement XIV suppressed the Jesuits. In 1814, Pope Pius VII responded to pressure and restored the Society. There are Jesuit colleges and ministries today. They are a very influential organization. Jesuits are dedicated to furthering Catholicism and the power of the Pope. Yet...there is a secret, negative side to this organization called "the Society of Jesus." For hundreds of years they carried out religious killings. They were the men in dark cloaks who carried daggers. (Later on their trails gradually fused into the CIA of today)

The Jesuits

In 1910, seven men met on Jekyll Island just off the coast of Georgia to plan the Federal Reserve Bank. Nelson Aldrich and Frank Valderclip represented the Rockefeller financial empire. Henry Davidson, Charles Norton and Benjamin Strong represented J.P. Morgan. Paul Warberg represented the Rothschilds Banking dynasty of Europe. The Rothschilds were the banking agents for the Jesuits and hold "the key to the wealth of the Roman Catholic Church."

The Rothschild Family

The Morgan gang, the Rothschilds gang and the Rockefeller gang were fierce competitors yet entered joint ventures. They established the national banking cartel called the Federal Reserve System according to G. Edward Griffin in "The Creature From Jekyll Island" (American Opinion Publishing Pg. 209). A review of this book stated: "It tells a story of how bankers have lured politicians with easy money and end up in control of most of the world".

The Rockefeller Family

This writer traveled to Jekyll Island in 1970 with his college tennis team.

I had such a beautiful moment there one night: I was alone and drawn to a lighthouse. There stood deer in the darkness drinking from a pond. In the moonlight, it was a sight I'd never forget. Little did I realize that this wonderful, winter-resort for the rich had an evil history. Jekyll Island was properly named.

The Rothschilds, Morgans and Rockefellers are controlled by the Jesuit Order. The most powerful of families "do whatever is necessary to destroy constitutional liberty in America and bring the Pope to world domination." Construction of the Titanic began in 1909; at a shipyard in Belfast, Ireland. Belfast was Protestant and hated by the Jesuits. Morgan took control of the White Star Lines. The Jesuits ordered J.P. Morgan to build the Titanic. From the very beginning of the luxury liner, the Titanic was destined for doom.


There were a number of powerful men who were NOT in favor of the Federal Reserve System. Benjamin Guggenheim, Isa Strauss and John Jacob Astor opposed the formation of a F.R.S. These men were arguably the richest men in the world and stood in the way of the Jesuits' plan. 'These three men were coaxed and encouraged to board the floating palace.' Not only were these enemies of the Jesuits against a Federal Reserve Bank, but they would have used their wealth and influence to oppose World War I.

The Titanic caption Edward Smith, a Jesuit!

This was the 'maiden' voyage of the greatest ship ever built. The "unsinkable" campaign assured passengers of comfortable safety. Many Irish, French and Italian Catholics were on board. Protestants from Belfast were also encouraged to immigrate to the United States on the Titanic. These were "expendable" people; for the most part. But, the real reason for the ship's destruction was a game between the super rich whereby Guggenheim-Strauss-Astor could be eliminated. "They had to be destroyed by a means so preposterous that no one would suspect they were murdered, and no one would suspect the Jesuits."
The Captain of the Titanic was Edward Smith. He was a Jesuit and worked for J.P. Morgan. Anyone could be a Jesuit and their identity not be known. When the ship departed southern England, on board was Francis Browne. He was the most powerful Jesuit in all of Ireland and the "Jesuit Master of Edward Smith."

"Here is Jesuit treachery at its finest. The provincial Father Francis Browne boards the Titanic, photographs the victims, most assuredly briefs the Captain concerning his oath as a Jesuit, and the following morning bids him farewell..."

Eric J. Phelps, Vatican Assassins Halcon Unified Services. P. 247.

Francis Browne

Captain Smith believed this high-ranking 'Jesuit General' was the God. Browne instructed him on what to do in the North Atlantic waters. 'Edward Smith was given orders to sink the Titanic and that's exactly what he did.' According to Jesuit secret philosophy: The innocent can be massacred for the greater good; the ends justifies the means.
Captain Smith had been traveling the North Atlantic for 26 years. He was the 'world's most experienced master' in these cold waters. The Captain knew all along that his ship was built for the enemies of the Jesuits. Its purpose was always to be a 'deathship' and sink on its first voyage. Captain Smith also knew exactly where the icebergs were. Under secret orders, he propelled the Titanic full speed at 22 knots on a moonless night and through a huge ice field 80 square miles in area! He had been "given orders from his God in the Vatican, and nothing would turn him from his course."

Captain Smith's actions in his last hours were not those of a strong leader. He seemed as if he was wrestling with his conscience. Should he be the brave sea captain or obey his master and sink the ship?
There were purposely not enough lifeboats. Many of the lifeboats only had a few passengers of women and children during the emergency. White distress flares were jettisoned. Passing ships thought those aboard the Titanic were having a party. The distress flares should have been red. These examples were not because of an arrogant crew who believed the Titanic was unsinkable. These shortcomings were planned.


Those richest of men, who opposed the Federal Reserve System, were killed along with the middle and lower classes. John Jacob Astor's wife was rescued. Molly Brown was also saved. The sinking of the Titanic was possibly the greatest disaster of the 20th Century outside of the World Wars. According to "The Secret Terrorists", the cause of this tragedy was the Jesuit Order of the Roman Catholic Church.

"The unsinkable ship, the floating palace was created to be a tomb for the wealthy, who opposed the Federal Reserve System. On April 14th (the same date in history as the assassination of Abraham Lincoln) of 1912, the Titanic struck an iceberg and all opposition to the Federal Reserve was eliminated. In December of 1913, the Federal Reserve System came into being in the United States. Eight months later, the Jesuits had sufficient funding through the Federal Reserve Bank to begin World War 1".

Notice the Federal Reserve System was established soon after the disaster of the Titanic.

The rich have always created unnecessary wars where the poor have to fight and die. The pages of "The Secret Terrorists" do not specifically name the Templars, Freemasons or Illuminati. But these Secret Societies are related and do control: The banks; the money system; the oil companies; corporations; governments; the politicians; the military; the police; the law and judicial system; the churches; the schools; the media, etc.

The reality of Jesuits

The rich and powerful have always ruled the world. The elite make the news; they create the great, international events. William Randolph Hearst invented the news and printed his propaganda in his paper.

It was the rich that purposely crashed the Stock Market in 1929 and caused the suffering of the Great Depression. The super rich had a highly-profitable, financial day during the Crash. It was the lesser-rich, want-to-be investors who lost everything.

IT IS NOT INCONCEIVABLE THAT WE HAVE HEARD SO MUCH ABOUT THE FAMOUS VOYAGE OF THE TITANIC BECAUSE IT WAS ONE OF THE MOST PERFECT CRIMES EVER COMMITTED!


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