The Savings and Loan Banking Crisis: George Bush, the CIA, and Organized Crime
The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of about 747 out of the 3,234 savings and loan associations in the United States. About the book:
A savings and loan or thrift is a financial institution that accepts savings deposits and makes mortgage, car and other personal loans to individual members—a cooperative venture known in the United Kingdom as a Building Society. As of December 31, 1995, RTC estimated that the total cost for resolving the 747 failed institutions was $87.9 billion. The remainder of the bailout was paid for by charges on savings and loan accounts — which contributed to the large budget deficits of the early 1990s.
The concomitant slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990--91 economic recession. Between 1986 and 1991, the number of new homes constructed per year dropped from 1.8 million to 1 million, which was at the time the lowest rate since World War II.
The United States Congress granted all thrifts in 1980, including savings and loan associations, the power to make consumer and commercial loans and to issue transaction accounts. Designed to help the thrift industry retain its deposit base and to improve its profitability, the Depository Institutions Deregulation and Monetary Control Act (DIDMCA) of 1980 allowed thrifts to make consumer loans up to 20 percent of their assets, issue credit cards, accept negotiable order of withdrawal (NOW) accounts from individuals and nonprofit organizations, and invest up to 20 percent of their assets in commercial real estate loans.
The damage to S&L operations led Congress to act, passing the Economic Recovery Tax Act of 1981 (ERTA) in August 1981 and initiating the regulatory changes by the Federal Home Loan Bank Board allowing S&Ls to sell their mortgage loans and use the cash generated to seek better returns soon after enactment; the losses created by the sales were to be amortized over the life of the loan, and any losses could also be offset against taxes paid over the preceding 10 years. This all made S&Ls eager to sell their loans. The buyers—major Wall Street firms—were quick to take advantage of the S&Ls' lack of expertise, buying at 60%-90% of value and then transforming the loans by bundling them as, effectively, government-backed bonds (by virtue of Ginnie Mae, Freddie Mac, or Fannie Mae guarantees). S&Ls were one group buying these bonds, holding $150 billion by 1986, and being charged substantial fees for the transactions.
In 1982, the Garn-St Germain Depository Institutions Act was passed and increased the proportion of assets that thrifts could hold in consumer and commercial real estate loans and allowed thrifts to invest 5 percent of their assets in commercial loans until January 1, 1984, when this percentage increased to 10 percent.
A large number of S&L customers' defaults and bankruptcies ensued, and the S&Ls that had overextended themselves were forced into insolvency proceedings themselves.
The Federal Savings and Loan Insurance Corporation (FSLIC), a federal government agency that insured S&L accounts in the same way the Federal Deposit Insurance Corporation insures commercial bank accounts, then had to repay all the depositors whose money was lost. From 1986 to 1989, FSLIC closed or otherwise resolved 296 institutions with total assets of $125 billion. An even more traumatic period followed, with the creation of the Resolution Trust Corporation in 1989 and that agency's resolution by mid-1995 of an additional 747 thrifts.
A Federal Reserve Bank panel stated the resulting taxpayer bailout ended up being even larger than it would have been because moral hazard and adverse selection incentives that compounded the system's losses.
There also were state-chartered S&Ls that failed. Some state insurance funds failed, requiring state taxpayer bailouts.
The American Revolution - OverSimplified (Part 2)
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The Last CIA Whistleblower: Drug Trafficking, Training Terrorists, and the U.S. Government
The Politics of Heroin in Southeast Asia is a major, nonfiction book on heroin trafficking—specifically in Southeast Asia from before World War II up to (and including) the Vietnam War. About the book:
Published in 1972, the book was the product of eighteen months of research and at least one trip to Laos by Alfred W. McCoy who was the principal author and who wrote Politics of Heroin while seeking a PhD in Southeast Asian history at Yale University. Cathleen B. Read, co-author and graduate student, also spent time there during the war.
Its most groundbreaking feature was its documentation of CIA complicity and aid to the Southeast Asian opium/heroin trade; along with McCoy's Congressional testimony, its initially controversial thesis has gained a degree of mainstream acceptance. The central idea is that at the time, the vast majority of heroin produced was produced in the Golden Triangle, from which:
It is transported in the planes, vehicles, and other conveyances supplied by the United States. The profit from the trade has been going into the pockets of some of our best friends in Southeast Asia. The charge concludes with the statement that the traffic is being carried on with the indifference if not the closed-eye compliance of some American officials and there is no likelihood of its being shut down in the foreseeable future.
Air America, which was covertly owned and operated by the CIA, was used for this transport, in particular. At the same time, the heroin supply was partly responsible for the parlous state of US Army morale in Vietnam: By mid 1971 Army medical officers were estimating that about 10 to 15 per cent... of the lower ranking enlisted men serving in Vietnam were heroin users.
Having interviewed Maurice Belleux, former head of the French SDECE intelligence agency, Mc Coy also uncovered parts of the French Connection scheme, as the French military agency had financed all of its covert operations, during the First Indochina War, from its control of the Indochina drug trade.
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NYSTV - The Secret Nation of Baal and Magic on the Midnight Ride - Multi - Language
This is the Midnight Ride with David Carrico on NYSTV with Jon Pounders talking about the true occult origins of the US.
See whoever controls the narrative has spin control over the status quo. They decide what's moral or immoral. What's sane and insane. What's possible and not possible. And they especially decide the heros and the villians.
You won't find this information on TV or in your history books. Very informative as always. Check out NYSTV, relevant talk. Not distractions like the rest of the media.
I'm still trying to get these out as fast as possible, and there are a few errors on the subtitles towards the end in some languages. Sorry about that and I'll try to fix them as soon as I can.
Afrikaans
አማርኛ
العربية
Azərbaycanca / آذربايجان
Boarisch
Беларуская
Български
বাংলা
བོད་ཡིག / Bod skad
Bosanski
Català
Нохчийн
Sinugboanong Binisaya
ᏣᎳᎩ (supposed to be Burmese but it doesn't show...)
Corsu
Nehiyaw
Česky
словѣньскъ / slověnĭskŭ
Cymraeg
Dansk
Deutsch
Ελληνικά
Esperanto
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Eesti
Euskara
فارسی
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Võro
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Hrvatski
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Magyar
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Bahasa Indonesia
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日本語
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한국어
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Kırgızca / Кыргызча
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Batman v Superman: Dawn of Justice
From director Zack Snyder comes “Batman v Superman: Dawn of Justice,” starring Ben Affleck as Batman/Bruce Wayne and Henry Cavill as Superman/Clark Kent in the characters’ first big-screen pairing. Fearing the actions of a god-like Super Hero left unchecked, Gotham City’s own formidable, forceful vigilante takes on Metropolis’s most revered, modern-day savior, while the world wrestles with what sort of hero it really needs. And with Batman and Superman at war with one another, a new threat quickly arises, putting mankind in greater danger than it’s ever known before.
Battle of Cartagena de Indias | Wikipedia audio article
This is an audio version of the Wikipedia Article:
Battle of Cartagena de Indias
Listening is a more natural way of learning, when compared to reading. Written
language only began at around 3200 BC, but spoken language has existed long ago.
Learning by listening is a great way to:
- increases imagination and understanding
- improves your listening skills
- improves your own spoken accent
- learn while on the move
- reduce eye strain
Now learn the vast amount of general knowledge available on Wikipedia through
audio (audio article). You could even learn subconsciously by playing the audio
while you are sleeping! If you are planning to listen a lot, you could try using
a bone conduction headphone, or a standard speaker instead of an earphone.
You can find other Wikipedia audio articles too at:
In case you don't find one that you were looking for, put a comment.
This video uses Google TTS en-US-Standard-D voice.
SUMMARY
=======
The Battle of Cartagena de Indias was an amphibious military engagement between the forces of Britain under Vice-Admiral Edward Vernon and those of Spain under the Viceroy Sebastián de Eslava. It took place at the city of Cartagena de Indias in March 1741, in present-day Colombia. The battle was a significant episode of the War of Jenkins' Ear and a large-scale naval campaign. The conflict later subsumed into the greater conflict of the War of the Austrian Succession. The battle resulted in a major defeat for the British Navy and Army.
The defeat caused heavy losses for the British. Disease (especially yellow fever), rather than deaths from combat, took the greatest toll on both the British and Spanish forces.
Hamilton: the musical (Animatic version)
EDIT: It's back yeah! WMG (the ones that owe Hamilton) allow this video to exist but they put a lot of adds so they can make money out of it.. I'm not happy with that since the artists should receive it but okay.. the big company wins once again.
So, I basically selected my favourites animatics for each song of Hamilton and I made this video, I really hope you'll all enjoy.
Credits are in the description and in the video
(the credits to all the artists are at the end of the video and in the description, just keep reading :D ).
The songs are a property of Lin Manuel Miranda.
The animations in this video where made by the following artists:
1) ALEXANDER HAMILTON (Galaxyst)
2) AARON BURR, SIR (Szin)
3) MY SHOT (Szin)
4) THE STORY OF TONIGHT (Szin)
5) THE SCHUYLER SISTERS (Szin)
6) FARMER REFUTED (Szin)
7) YOU'LL BE BACK (Captain Sealant)
8) RIGHT HAND MAN (Szin)
9) A WINTER'S BALL (Szin)
10) HELPELESS (Szin)
11) SATISIFIED (Szin)
12) THE STORY OF TONIGHT REPRISE (Szin)
13) WAIT FOR IT (Marzy Meh)
14) STAY ALIVE (Marzy Meh)
15) TEN DUEL COMMANDEMENTS (Szin)
16) MEET ME INSIDE (Szin)
17) THAT WOULD BE ENOUGH (Szin)
18) GUNS AND SHIPS (Szin)
19) HISTORY HAS IT EYES ON YOU (Szin)
20) YORKTOWN (Marzy Meh)
21) WHAT'S COMES NEXT? (Szin)
22) DEAR THEODOSIA (Szin)
23) LAURENS INTELUDE (Szin)
24) NON STOP (Allison Coon)
25) WHAT'D I MISS? (Jasmin McPines)
26) CABINET BATTLE #1 (HuangHYing)
27) TAKE A BREAK (Moo Radish)
28) SAY NO TO THIS (Moo Radish)
29) THE ROOM WHERE IT HAPPENS (SaffeeBear)
30) SHUYLER DEFEATED (Eumnie)
31) DEAR THEODOSIA REPRISE (Chiino)
32) CABINET BATTLE #2 (Avenoir)
33) WASHINGTON ON YOUR SIDE (PillowPon)
34) ONE LAST TIME (OfficialDaelight)
35) I KNOW HIM (Jasmin McPines)
36) THE ADAMS ADMINISTRATION (Exadorlion)
37) WE KNOW (Allison Coon)
38) HURRICANE (ZooshiSushi)
39) THE REYNOLDS PAMPHLETS (Captain Sealant)
40) BURN (Mokodoko)
41) BLOW US ALL AWAY (Ziksua)
42) STAY ALIVE REPRISE (Ziksua)
43) IT'S QUIET UPTOWN (Captain Sealant)
44) THE ELECTION OF 1800 (A homebody)
45) YOUR OBEDIENT SERVANT (Violet - Madness)
46) BEST OF WIVES AND BEST OF WOMEN ( Galactibun Bun)
47) THE WORLD WAS WIDE ENOUGH (Jasmin McPines)
48) WHO LIVES, WHO DIES, WHO TELLS YOUR STORY (Jasmin McPines)
WATCH LIVE: CBC Vancouver News at 6 for Feb. 21 — Delta Stabbing, Plecas Report, Heroin Regulation