Howard
From Madoff Securities to Gaza
January 4th 2009 14:45
Real Crash- Looking at Capitalism and its Laws:
Rolling Stones: I Sit and Watch as Tears Go By
This is the evening of the system;
Real estate bubbles blowing,
You can't resist them;
Lies of Madoff long untouched;
What is the rush?
I sit and watch as the system blowssssssss;
(spoof Rolling Stones)
Yes, as the bubble bursts, and mass trade disruptions loom, now war is back in the Middle East. The Bush Administration of Darth Vader Cheney wanted to give us an Iran war. They couldn't do that yet (16 more days?) but they gave us the next best thing, a war now turning genocidal in Gaza. The geezer told you so.
For the Israelis, and their controllers in Washington DC and London, to say that they must destroy Hamas rule in Gaza to survive, is a total fraud. In fact, they are risking a much wider war. Saudi Arabia, as part of the British Empire system, continues to do its part, with public "peace" statements, and covert action promoting endless war.
In the real estate arena, we see the massive losses of BDG, Blumenfeld Developers Group, and effects on Forest Ratner, the biggest commercial real estate group in the United States. This has been exposed in NYC with the hit on the East River Plaza project, and on the Brooklyn Yards megamall- sports arena. Will these projects ever be built or completed?
Then there is an interesting article in the NYTimes about the warning signs on the Madoff fraud and how they were ignored. This directly connects to the present situation of the dead and buried auto industry. You see, GMAC, GM's financing arm was taken over by Ezra Merkin, a key Cereberus Hedge fund,... and Bernard Madoff operative.
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