E-Waste Plus Wall Street, Times The Mortgage Market Equate To A Toxic Mess

E Waste, mortgages, Wall Street, credit derivatives, rising credit deficit and the bet against America. I was watching 60 Minutes last night, it was very disturbing to learn exactly what has been going on both in the technology sector as well as the financial markets. Both topics showed me a sign of the moral ethics and behaviors behind many of the top financial companies and their destructive agendas.

Let’s start with E Waste, a group of journalists went to a waste re cycler in Colorado, the owner made a statement of how green and environmentally friendly their company was. He continued to describe how the difference of eco-conscious and environmentally different their operation was compared to the other recyclers in the business.

As the news reporters furthered their investigation they noticed a shipping container filled with CRT monitors which contain an enormous amount of lead and other environmentally hazardous chemical compounds that are literally being leached into our precious Earth.

The reporters followed the container(s) loaded with the Cathode Ray Tubes to a port in Hong Kong, China. After arrival the 60 minutes crew got into contact with the Mayor who showed them one and only one facility where dismantling of electronics were taking place. The Mayor soon returned the crew to his office and promptly had then escorted out of town.

As persistent as journalists can be they returned the very next day in a different car and out on a different path. This road led them to what can be describes at the cesspool of the world. Tons of Cathode Ray Tubes, monitors, electronic circuit boards, and various other hazardous materials were being broken down with archaic methods of disassembly.

The mortality, miscarriage and illness rates are astronomically high in this region. As the anchor stated we are living in the 21^st century and using medieval methods to recycle these parts and by doing so we are poisoning the Earth and ourselves at the same time. As the investigation revealed there were 42 other companies involved in the illegal exportation scheme.

Next we moved into the mortgage markets ,this directly relates to the toxicity I was just speaking about just purely in a different manner. You see if you haven’t been paying attention to the events that have unfolded over the last year you’re missing out on a critical piece of information. Our experts that have been watching all of the economic crisis take place are baffled. They have no clue on the extent of damage that will be caused by their actions.

You see this gigantic market implosion was all a plan, a scheme created by a piece of legislation; rather a removal of a law in legislation that allowed Wall Street to basically create a giant run away Ponzi scheme with the American public. These debts called credit derivatives “a form of legalized gambling” are basically illegal. It’s a bet against the American economics and mortgage markets. Wall street knew what was going on however these consumer credit defaults ran away to a scope of 52 Trillion dollars.

Failures of complicated mortgages securities, failure of credit default swaps (private insurance contracts that paid off if the mortgage went bad.) You could literally buy insurance against these mortgages if you thought these swaps were going to fail you basically bought protection from the projected failures without having to actually own the mortgage securities.

Basically a bucket shop operation, or commonly known as a bookie operation. This exemption to the legislation created an open market for these operations to take place. The commodities futures modernization act was the gateway to this crisis. Again we the people were duped by laws created for the elite, those few with their own agendas. Again we the people get the bad end of the stick, the short straw. The experiments of mad scientists who go against evolution with their mad scientist like behavior. Only this time a monster was created and it’s unstoppable.

The insolvency of Wall Street has effected wealth from all walks of life, personal observations have discovered that even those who took the time to prepare financially are not immune to this devastation. A sever case of “casino capitalism” is what the house of representatives is calling this deregulation.

The fact that no one knows the entire scope of damage is a B.S. A cop out lame excuse. Another dodging the bullet. You know Willie Nelson and Toby Keith had it right with the song called”Beer for my Horses”. Talking about vigilante justice. Why aren’t these members of Senate, Congress,Wall Street and Lending Institutions being hung up high on a Oak Tree with a Short Rope. We’ve all been hung out to dry for their negligence, isn’t it time that they pay for the high crimes of treason, terrorism of the financial markets, world wide destruction and economic chaos?

No one is leaping out trying to defend the little guy just more and more legislation. As I rolled out of bed this morning more and more disturbing news caught my attention. With the commercial mortgage market now under way with defaults we are going to see the domino effect. Our state of emergency is delicate and fragile. If the U.S Government pulls away too quickly we could have a relapse even worse than last October.

Financial markets we’re steadily declining this morning. The commercial markets are expected to default to the tune of seven billion dollars or more. The new estimated wave of foreclosure more than triples what has currently taken place. With the first wave of mortgages fitting into a bucket estimated at 1,500,000 foreclosure and the new waver has a bucket of 3,500,000 – 4,500,000 homes in default.

When this rug is pulled out from under us the free fall of our housing and commercial markets will set us into a tail spin of terror. I don’t mean to be the pessimist of the group here however reality has to take precedence. They say Obama’s Home Afford-ability Program hasn’t been wildly successful, not very many mortgage modifications have taken place and the confidence of a Nation has been stripped away from us.

Sure the Government has only had 1 year of influence with the whole crisis recovery but hey are the ones who let the whole mess happen in the first place. It’s no different than a parent having their children run wild and free without restraints and then after years of social conditioning without boundaries, the child does a really radical unacceptable behavioral trait that puts people in danger. Then the parent steps in to discipline the child and expects that those years of conditioning will suddenly go away.

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