By Terrance McKenna and David Wilcock
McKenna in collaboration with CBC had recently released a 4 part news documentary of the global financial crisis (GFC). Commonly believed to have begun in July 2007 with the credit crunch, when a loss of confidence by US investors in the value of sub-prime mortgages caused a liquidity crisis. This, in turn, resulted in the US Federal Bank injecting a large amount of capital into financial markets.
By September 2008, the crisis had worsened as stock markets around the globe crashed and became highly volatile. Consumer confidence hit rock bottom as everyone tightened their belts in fear of what could lie ahead.
1. MELTDOWN Part 1:4 The Men Who Crashed The World (45 min)
2. MELTDOWN Part 2:4 A Global Tsunami (45 min)
3. MELTDOWN Part 3:4 Paying The Price (45 min)
4. MELTDOWN Part 4:4 After The Fall (40 min)
The sub-prime crisis and housing bubble. The housing market in the United States suffered greatly as many home owners who had taken out sub-prime loans found they were unable to meet their mortgage repayments. As the value of homes plummeted, the borrowers found themselves with negative equity. With a large number of borrowers defaulting on loans, banks were faced with a situation where the repossessed house and land was worth less on today's market than the bank had loaned out originally. The banks had a liquidity crisis on their hands, and giving and obtaining loans became increasingly difficult as the fallout from the sub-prime lending bubble burst. This is commonly referred to as the credit crunch.
Although the housing collapse in the United States is commonly referred to as the trigger for the global financial crisis, some experts who have examined the events over the past few years, and indeed even politicians in the United States, may believe that the financial system was needed better regulation to discourage unscrupulous lending.
The global financial crisis enters a new phase. The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of its stimulus packages aimed to jump-start the slowing economy.
The U.S. government proposed a $700 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis.
By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market.
In January of 2009 US President Obama proposed federal spending of around $1 trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects. Australia's response to the global financial crisis - the first stimulus package
Australian Prime Minister Kevin Rudd and Treasurer Wayne Swan delivered their first budget in response to the global financial crisis, with the main objective being to fight inflation - a major problem in the local economy at the time.
David Wilcock broke it got down to the nuts and bolts. Reported on his website “FINANCIAL TYRANNY: Defeating the Greatest Cover-Up of All Time”
But first, who the heck is David? David Wilcock (DW) is a professional lecturer, filmmaker and researcher of ancient civilizations, consciousness science, and new paradigms of matter and energy. His upcoming Hollywood film CONVERGENCE unveils the proof that all life on Earth is united in a field of consciousness, which affects our minds in fascinating ways.
David is also the subject and co-author of the international bestseller, The Reincarnation of Edgar Cayce?, which explores the remarkable similarities between David and Edgar, features many of David's most inspiring psychic readings, and reveals documented NASA scientific proof of interplanetary climate change... and how it directly impacts our DNA.
A year ago, David was approached by one Benjamain Furfold (BF), a journalist whom has been investigating in what most of you would have remembered of the 2008 conspiracy on the 134 billion dollars in US bonds, seized at the Italian border from two Japanese from Japan’s Ministry of Finance.
BF asked DW to run an article on how a certain group of reputable people are taking a law suit against the U.S. regarding the bond and its corresponding effects to the world economy, JFK’s assassination, Sukarno mission, the dismantling of Russia, Israelian Connection, the Credit Crunch, Middle East project, the 9/11 conspiracy and an impending plan to dismantle China into five independent countries!
In November this DW met up with BF for an interview and was blown away with some findings. On the 12th December ’11, after having painstakingly validating BF’s reports, DW published his article on his blog Divine Cosmos, titled “CONFIRMED: The Trillion-Dollar Law Suit That Could End Financial Tyranny". Soon after, DW was informed by BF that he was contacted by two people of death threat against DW if he does not disclose everything as part two. Apparently DW had left out some facts. DW goes on live Radio about the threat and was offered protection by one anonymous white hat member in Irish accent.
The thing is the amount of information of conspiracy theories are humungous and too simple and digestible to be ruled as garbage. If true, this explains everything about the speculated EUR crash in couple of weeks. And if true, we should not be left out of the development. DW had posted the anticipated part 2, click here http://divinecosmos.com/start-here/davids-blog.
On January 13th, David released the entire "shebang" on his website Devine Cosmos. Click below to read about it.
It’s amazing to see the orgy of greed and recklessness of top financial CEO's of the Western and Europe world - termed as "Dubious Snake Auto Salesman". Now they are under fire from their own people for their greed and the gap that they have created. Situation cannot be more severe in Iceland, France, California (U.S.A.) Spain, Dubai, Athens, Canada, China and Libya.
The U.S. need to recover fast. And for that they must loot from Middle East fast before the next President takes office.
It’s not over yet and the global Indignados have reached our shores. Malaysia, Indonesia and Thailand is up next - inflating upheavals; steaming as we witness the greedy and reckless politicians hang on to their dear life to stay in power. To loot as much as they can from the 'Real-estate Bubble', the run-offs and false economy and driving the country to bankruptcy.
Learn from others and take advanced actions. Avoid becoming victims of these "dubious snake Auto salesman" make the change in the coming General Election if you want to keep your home.