Citigroup to pay $7BILLION to settle a Justice Department probe into sale of subprime mortgages that led to financial collapse

By ASSOCIATED PRESS

Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.
The agreement announced Monday comes weeks after talks between the sides broke down, prompting the government to warn that it would sue the New York investment bank.
The bank had offered to pay less than $4 billion, a sum substantially less than what the Justice Department was asking for.

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The settlement stems from the sale of securities made up of subprime mortgages, which fueled both the housing boom and bust that triggered the Great Recession at the end of 2007.
Citigroup and other banks downplayed the risks of subprime mortgages when packaging and selling them to mutual funds, investment trusts, pensions, as well as other banks and investors.
The securities, which contained so-called residential mortgage-backed securities and collateralized debt obligations, plunged in value when the housing market collapsed in 2006 and 2007.
Those losses triggered a financial crisis that pushed the economy into the worst recession since the 1930s.

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The Collapse of America – A Plan Decades in the Making

David Risselada

While many people are awakening to the Obama administration and their attempts to undermine our national sovereignty, it must be stated that this has been an ongoing effort for many, many decades. Barrack Obama is merely a tool selected to get an already conditioned population to accept the final stages of a plan that will see the United States surrender its sovereignty and merge into a global governing structure where she will no longer be respected as a world super power, but viewed merely as another third world nation that is morally equivalent to all others. There are three main pillars of our society and culture that need to be changed from the inside in order for this transformation to take place; immigration, education and the military. It is hard to argue, even for those who adamantly oppose any idea of conspiracy theories, that these three elements of our society have not been radically affected in recent years. This article will offer a brief analysis into the events taking place and the historical roots behind them. This is indeed a planned collapse, and to be calling it out for what it is now is indeed too little too late.

As the crisis along our border escalates, we are hearing more and more on the whole situation being a planned event to precipitate the total collapse of our nation. Even congressmen are coming out and calling this a deliberate application of the Cloward & Piven strategy. For those who may not know, the Cloward & Piven strategy was the work of two Sociology Professors at Columbia University, Richard Cloward and Frances Fox Piven, designed to organize the nation’s poor and minorities into a power base from which the country, through the democratic process, could be converted into a socialist state. One of the key components of this strategy was the idea of overwhelming the nation’s welfare system to the point where it collapses, and the government would then be forced to adapt socialism.
It’s obvious beyond any doubt that Barrack Hussein Obama is implementing this strategy; after all he did attend Columbia University and was likely educated by Frances Fox Piven. In my article, “President Obama, Frances Fox Piven, and voter registration schemes” I discussed Piven and her efforts to organize a voter registration drive aimed at minorities by teaching them they were oppressed. I also mentioned one of my own professors, an admitted socialist mind you, who was likely educated by Piven as he had attended The Columbia University School of Social Work. In short, people who are calling the border crisis a deliberate attempt to undermine America and collapse her financial system are correct; however, from the perspective of a writer who has been trying to bring many things to people’s attention, they are a day late and a dollar short as this is only one small aspect of many moving parts put in motion a long time ago.

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FOURTH TURNING ACCELERATING

“In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. If foreign societies are also entering a Fourth Turning, this could accelerate the chain reaction. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability –problem areas where America will have neglected, denied, or delayed needed action.” – The Fourth Turning – Strauss & Howe – 1997

This past week saw an event revealing the cluelessness and ignorance of the linear thinking establishment. They are oblivious to the cyclicality of history and unaware of their precarious situation, as the mood of the country and the world portends their demise. Eric Cantor, the ultimate establishment neo-con Republican House Majority Leader, was crushed in a primary by a completely unknown economics professor, outspent by Cantor $4.9 million to $123,000. Cantor spent more at steakhouses than David Brat spent on his entire campaign. Cantor, a lackey for Blackstone, Goldman Sachs, Israel, and dozens of other mega-corporations, was the first House Majority leader defeated in a primary since the position was created in the 1890s. He won his last primary by 60%.

This was as big a shock to the Republican establishment as it was to the Democratic establishment, the mainstream corporate media establishment, and the Tea Party establishment that didn’t provide David Brat one red cent of their vast horde of contributions. They are now scrambling to generate a storyline explaining this unexplainable development as if it was entirely predictable. These wealthy, myopic, propaganda peddling, purveyors of the status quo just felt the foundation of their world shudder beneath them. Like a volcano, with pressure building within, the world as we know it is about to blow. Who gets devastated by the massive explosion and flow of molten lava is yet to be determined, but there is nothing the establishment can do to stop the eruption. This entire Deep State hierarchy has been developed over decades, as they have flawlessly implemented Edward Bernays teachings from the Propaganda playbook.

“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. …We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society. …In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons…who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind.” – Edward Bernays – Propaganda – 1928

The linear thinkers, who constitute the invisible government and unelected true ruling power, are flabbergasted their game plan, which has worked for the last seven decades, is failing to have the usual sway over the normally compliant masses. Lies, misinformation, deception, propaganda, easy debt, cheap oil, endless commercial expansion, relentless marketing, never ending war, politicians selected by bankers and mega-corporations, tax code created to benefit the .01%, and laws written by the lobbyists for the oligarchs designed to control the plebs and enrich the modern aristocracy, made the world go round until 2008. Linear thinkers in government, business, banking and media have been perpetuating the falsehood of a return to normalcy, recovery, and linear progress. They are willfully ignorant of history because acknowledging its cyclicality would be admitting how precarious their positions of power, wealth, and control truly are.

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History does not proceed in a straight line of forward advancement. It has a seasonal nature geared to the 80 year life cycle of human beings. The most basic lesson of history is we never seem to learn the lessons of history. A period of Crisis arrives like Winter, approximately 60 years after the resolution of the prior Crisis, with a climax occurring approximately 80 years after the prior Crisis climax. The generational dynamics based upon human life cycles have lined up once again into Crisis mode. Anyone who hasn’t sensed the mood change in the country since 2008, hasn’t been paying attention. The linear thinking establishment refuses to accept the inevitability of their existing paradigm collapsing in a chaotic whirlwind of violence, death on a grand scale and decisive war. The existing social order is always swept away during a Fourth Turning.

Saeculum (climax year) Crisis (Full Era) Time from one Crisis climax to next Crisis climax
Revolutionary (1781) American Revolution(1773–1794)
Civil War (1863) Civil War(1860–1865) 82 years
Great Power (1944) Great Depressionand World War II(1929-1946) 81 years
Millennial (2025?) Global Financial Crisis(2008–2029?) 81 years?
The Global Financial Crisis, which began in September 2008, marked the beginning of a likely two decade long episode of fierce winter-like blizzard conditions that will get progressively worse as this Fourth Turning churns toward its bloody climax. The evil wealthy men and their paid off pawns in politics and the media who constitute the invisible government, governing behind the scenes, molding minds, forming tastes and suggesting ideas to the gullible masses, will not relinquish their wealth and power without a fight. They have been utilizing all emergency monetary and fiscal levers, while conducting a data disinformation campaign and utilizing their control of the dying legacy media to keep the masses distracted, entertained and confused.

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