KeithGram: The 'Crash JP Morgan'Campaign”

Keith, I sort of understand where you are coming from, though I wish to make a point here. I am an Australian that has reasonable knowledge of our banking health, thanks largely to independent financial media, and certainly not to the main stream media. I understand that the IMF has requested other countries to now carry more of our currency, and that the main stream media has portrayed how strong and impregnable of banking system is. Well, I am sorry to inform your readers this is far from the truth. Like elsewhere in the western world, our banks have falsified many of the mortgages that they hold, and according to an insider involved with our banking industry for some 30yrs, the trend has been upbeat for for donkey's years, and become the "norm". Two of our big4 here, namely NAB & Westpac, borrowed huge amounts from our federal reserve during the GFC, much of which has still not been repaid. Our resources boom has finished, quite abruptly, not as portrayed by main stream media, there is a huge shift moving away from mining here, mostly to Africa, due largely to two factors. They are cost of goods and services, and regulation. We have literally strangled the industry to death! Got my drift? 10yrs ago our Reserve decided to sell ALL of our gold reserves, stating it was a useless asset that now offered no benefit due to the strength of our economy. If they had sold just 3yrs later, we would have profited some extra several billion dollars. Does not sound much, but for our economy it is a substantial amount. From my own investigations, it appears we still hold approximately 80 ton. A fart in the wind! You also need to be aware that our banks are allowed to carry those so called valuable mortgages, as a "hard asset", when in fact they are not! It will take approximately until mid 2013 before the fallout from the huge drop of income from our resources, filters right through out the economy, and finally, into the banks. Getting the picture? Japan, whom is our next major trading partner, it also going to have a tremendous effect upon our economy. The NAB has huge exposure to the UK, so if you add all this together, it should be a warning for all. Back to the Banks, when our Reserve drops rates, the banks now, more often than not, don't drop the same amount. The situation we have is this. When interest rates go up, mortgage cost goes up, but they drop the deposit rate. So it is a win-win for the banks. Therefore, I conclude that they need to be trashed, they are as corrupt to the core as all our governments, media included. On another note, our government is presently making a desperate grab for our retirement funds, and so are our banks, whom are now allowed to access pension funds for those in trouble with their mortgages. Talk about open slather!

Has Keith always been such a banksters lacky? Even people that haven't spent years in the financial sector are starting to decipher what's going on, the veil has been pulled back. Let the banks fail, better to do a hard reset without giving the bastards more money. Problem is that guys like Keith most likely wouldn't survive, no salable skills beyond sitting behind a desk. This is what THEY really fear, losing their ability to earn after a crash when what you can do with your hands will mean more than what you used to do with a keyboard.

You've gotta love it when those who protect the banksters start to squirm, it means we're getting close to reset time.