Dr. Frank Einstein (22 page)

   
Even more importantly for Moon and his buds, was that this bill allowed the creation of the four 0 one k pension. Before private organizations (small businesses, big businesses) had many different pension plans to invest in. But the four 0 one k plan got most of these organizations to invest in pension plan four 0 one k. This gave Moon, and the billionaires, one convenient, central pension to rob.  Yes, for all you Americans who lost so much money in your four 0 one k plan when the economy collapsed Moon's Unification Church says thanks for your donation. 

   
How they stole from the four 0 one k pension plan I will explained later.

    It began with the Commodity Futures Modernization Act of two thousand.   The act legalized derivatives.  Derivatives were outlawed in nineteen sixteen because congress decided, rightly so, that they caused the Crash and Depression of nineteen fourteen.  Billionaire speculators have been itching to legalize them because it is a fast quick albeit very destructive way to make lots of money.

    Derivatives are like side bets.  In California casinos,   gamblers can put down side bets. What that means is that   in Blackjack,
for example, side bets means, someone bets on the dealer, thus betting the players are going to lose and the dealer is going to win.  It is the same with derivatives.  An investor gets a derivative on an investment with the hope that the investment is going to fail.  A derivative can be applies to any investment.  But what cause the Crash of two thousand and eight were derivatives on home mortgages.  Moon and his henchmen invested in home mortgages hoping those mortgages would fail (that is default).  They got Congress to change the laws so most of those mortgages did fail.

    
This scheme was hatched way before nineteen ninety four with the full knowledge that the billionaire speculators would reap billions at the expense of crashing the economy.

     
First Congress deregulated mortgage regulations so the lenders could loan to risky borrowers.  It was these deregulations that forced Freddie Mac and Fannie Mae to approve government guaranteed loans to unqualified borrowers.  

     
These mortgages were sold to secondary lenders.  Investors would form groups to buy these loans on the secondary mortgage market.  In these groups each investor bought part of a mortgage.   Moon, as part of   the secondary lender group would buy five per cent of a one hundred thousand United States Dollars mortgage for five thousand United States Dollars.  Then AIG or Goldman Sachs would sell a derivative on Moon's investment.  (I am not being hypothetical this really happened).  The derivative is an unregulated insurance policy.  The derivative will pay Moon, if this one hundred thousand united States Dollars mortgage defaults, not five per cent of the mortgage, but one hundred per cent.  In Moon’s investment group: each investor controlled five per cent of the mortgage but each of their derivatives pays out one hundred per cent if the mortgage defaulted.  So Goldman-Sachs insured each mortgages at two thousand per cent of its value.

     Goldman Sachs and AIG as well as other investment banks, went to the managers of the four 0 one k pension fund and ask them to invest four 0 one k money into their reserves, to back up these derivatives.  Which they did so.

   
Moon invested into billions of dollars’ worth of mortgages.  Which choice do you think he wanted:  to slowly have the holder pay back the five thousand United States Dollars with interest, netting perhaps ten thousand United States Dollars profit in thirty years?   Or do you think Moon wants to force the mortgage to default immediately so he can collect his one hundred, thousand United States Dollars now.  Let me just tell you, he wanted the defaults every time.  From two thousand and one, mortgages, at an unprecedented rate began defaulting and Moon began to collect on these defaults.  First, it was a trickle then a flood. By two thousand and six the housing market crashed and prices plummeted under the weight of those defaults.

    
No risk and low risk mortgage holders were seduced by banks into low interest refinancing of their housing loan.   They took out all their equity and they spent it.  Now there is no equity in their home.

    
No risk and low risk qualified mortgage holders saw the value of their house drop to where they were making payments that were too high for what their house was worth. (Some started to default because it just was not worth it not to do it.) Thus, another default rewarded another full value derivative on Moon's partial investment.

    {side note) have you noticed, like I have, that these derivatives are not paying off mortgages, but just putting money in Moon's p
ockets?  The mortgage holders are still liable for the mortgages.  At first all those risky borrowers did not lose much more than the down payment and some fees.  However those low risk lenders lost all that they owned.  Also one funny thing is that almost every mortgage is already insured by the government by Freddie Mac and Fannie Mae.  Yes, even though Goldman Sachs already insured the mortgages for two thousand per cent payout, the Federal Government still paid off these mortgages one more time.  Tens of Millions of mortgages were paid off by the Federal Government with tens of billions of taxpayer dollars.

   Now you are asking where Goldman Sachs got the tens of billions of dollars to pay off Moon’s and friends' derivatives the four 0 one ks, silly! That's how all you four 0 one k pension holders lost all your money.  Once again the Unification Church thanks the four 0 one k pension holders for their donations.

 
By two thousand and eight stockholders at Bear Sterns, another derivative seller, lost confidence in the derivatives scheme and pulled out of Bear Sterns.  This caused Bear Sterns to go bankrupt.  The stock market began to fall.  Moon continued make a killing off derivatives.

  
Then in October, two thousand and eight the stock market crashed. The United States plunged into its worst depression ever. Unemployment did not return to under twenty per cent for twenty years.  China became the world's only Super power.  Oh wait. That did not happen. True, the Stock market did crash, but TARP saved us from a Great Depression and only gave us the Great Recession.  Good ol' TARP.

  
The dictator Moon dictated to Congress to give the crooks, which destroyed the Unites States economy, two trillion United States Dollars from the Federal Reserve borrowed from, among others, the Chinese government, and the two trillion dollars was to prevent these crooks from going bankrupt.  Thus, preventing us from plunging into its worst depression ever; preventing unemployment from not being under twenty percent for twenty years; and China becoming the world's only Super power. Good ol’ Tarp! 

   
Just think instead of TARP, if the government gave every American (Man Women and Child) fifty, thousand United States Dollars (that means a family of four would get two hundred, thousand United States Dollars), then each American could use this money to pay off their mortgages.  Thus, preventing the continuing massive number of defaults (which Moon is still making great profits off of even today) Americans could use this money to replenish the losses they incurred in their four 0 one k pension plan.  They could start a small business. Giving fifty thousand United States Dollars to every American would cost one point six trillion United States Dollars.  Remember when President Bush gave each American seven hundred and fifty United States Dollars; so why not fifty, thousand United States Dollar? Yes I see why paying few criminals even more money and still suffer massive mortgage defaults, unreplenished four 0 one k plan, and high unemployment is better,   No I don't.  But, Hey, I am not Sun Myung Moon!  What congressmen are going to listen to me or any other average American? Incidentally Goldman, AIG et cetera, used TARP to pay off its internal losses.  Also they used it to pay bonuses to reward their brass for doing such a good job ripping off the American people. However, they did not use TARP to pay off the money they took from the four 0 one k pension fund.

   
My congressmen just told me this: “These companies that got Tarp are now paying the United States government back.”  I told my congressmen “Yes, but they are paying it back with further government money.  Goldman Sachs is paying Tarp with money the Government just loaned them at zero point seven five per cent interest.  Then Goldman Sachs lent it back to the United States for three per cent interest.   All this interest from lending to the United States government will pay back, in a few hundred cycles, TARP. My question is, does any company ever use its own money or do they just use the government's?

 
  So why does Congress do anything and everything that Moon wants?  Because he has given Congressmen, of both parties, billions of United States Dollars.  First of all, Moon circumvents the two thousand five hundred United States Dollars campaign donation limits laws to each candidate by giving two thousand five hundred United States Dollars to each of thousands of Unification church members.  Then Moon tells his members which candidate to donate to.  Moon also has many corporations and each can give two thousand five hundred United States Dollars to as many candidates as they want.   He has formed a donating bloc with the Koch brothers, John W Paulson and other billionaire speculators that speak with one voice.  He owns the Vanguard of Deregulation, the Washington Times.  He has partnered with religious right groups like the Christian coalition, TBN, Moral Majority, Focus on the Family.  He has infiltrated these religious right groups for thirty years, giving them billions of dollars. He has not stopped giving even today.  He also is giving billions of United States Dollars to religious ethnic organizations, like the Southern Christian League.

   
All these groups are funded by Moon and they speak with one voice: his voice.  Because of the billions of United States Dollars behind this voice, Congress does whatever the voice says.  This voice said to Congress: be our enforcers so we can steal seven point seven trillion United States dollars from the American people.  Congress said, yes sir.

  
Here is another way to bribe politicians and get away with it. Promise the president, congressmen, and advisers to president’s untold riches as soon as they leave office.   The Modernization act was created by President Clinton's assistant Secretary of Treasury Timothy Gitner, Economic adviser Larry Summers and Reserves Chairman Alan Greenspan. Of course it caused great consternation from others in the cabinet—foolish FDR Democrats who did not know they were extinct.  But Clinton told these three to send it to Congress.  Congress embellished it more to please the billionaire speculators.  Then Clinton signed it into law.

    
While President George W Bush was in office Gitner got a fantastic job at Goldman Sachs.  This is     called a Bribe.  Both Summers and Greenspan were hired as consultants with John W Paulson.  Who knows what they did but they certainly got paid lot of money.  Later Summers became President of Harvard University, A lot important people from Goldman Sachs and other investment banking firms that profited from derivatives graduated from Harvard University and Its business School.  The President position was a bribe.

      When President Obama assumed office he hired these three economic terrorists,
Gitner, Summers and Greenspan back.   Incidentally Obama biggest contributor was Goldman Sachs.  Unlike President Wilson and nineteen fifteen Congress of Franklin D Roosevelt and New Deal congress Obama has done nothing to protect the American people from these predatory billionaire speculators.  In fact, he serves them just like every president since Reagan.

       John W. Paulson has contributed millions of United States
Dollars to President Clinton's library and foundation. Clinton receives hundred, thousand United States Dollars a speech.  These are all bribes given for deregulating the economy.

      None of the legislation that led to the two thousand two and eight crash has been ever repealed.  Even today Moon is actively forcing home mortgages into default so he can collect his derivatives.  It will not be another twenty years before for the United States economy crashes it be more like eight.  Because the Billionaire Speculators know when the economy recovers enough, crashing it again will reap them incredible riches.

     
Joseph Kennedy, the father of President John Kennedy, and his allies purposely crashes the United States economy in nineteen twenty nine by betting against the stock market raking in billions.   Before the crash he was not even a millionaire but after the crash he was a billionaire.  John Kennedy was the richest president in United States history.

    
This has always mystified me. Right Winged Republicans love President Ronald Reagan but hate California.  Hello, President Reagan is from California.  He was raised and graduated from college in Illinois.  But he lived his entire adulthood, except when he was President, in California.

    
California has a lot of left wing and a lot of right wing groups.  Why? Because it has a lot of people.  It is the Mecca for the extreme right and the left.  San Francisco has Gays.  But San Fernando has Nazis.  Napa has the pot growers. Orange County has the religious right.  A Gay person may be quite lonely in Idaho not because of a less percentage of gays but just because it has less people.  So he moves to San Francisco just to be in the gay hub.

     Derivatives popped up in California even before the
twenty first century.  This time Enron wanted their energy investments to fail.  Why invest in an investment if it is going to succeed—that's dumb.  First Enron convinced Governor Pete Wilson and the Democratic Legislature to deregulate Energy laws.