Banks Are Full Of Old Hot Air.

[Oleg Bach]

It was reported by media this morning that all of the banks in the world must get together to beat back the recession to avoid a possible global depression. It was suggested that they must "get rid of all bad assets." As is my habit I like to understand what the most simple words actually mean, seeing the most people have lost control of the language and operate by type of linguistic auto-pilot.

"Bad" "Assets" ? I know that bad is not good and is usually something worthless. I also know that an asset is something of real material value or at least it can manifest into something physical that is useful. The term "bad assets" is an oxymoronic coupling of words - There is only one kind of asset - a good one - so what is a bad one? It would mean to me in my most laymen mind, an asset the is worthless.

The idea of getting rid of bad assets is to get rid of what are false and fraudulent assets. The banks are told that they must get rid of themselves - They have been running on illusion for so long though our spectorish fiat currency system that all they amount to is a religion that is finally exposed as being a lie. They leverage real assets and attempt to use air as colateral - money has become such a belief system that no as with all illusionary religions they eventually falter as the fraud natuarlly runs it's course and falls apart - as we see happening now.

The banks have been broke for over fifty years and have been run by snake oil types in white suits who's job it is to make something out of nothing for as long as they can...well it's evident that the world is rapidly coming to the realization that the rich actually have no real assets other than those they have acquired through this grand fraud I have mentioned - To truely get rid of bad assets would be to admit that they have nothing to hold or get rid off - which means they would have to start from scratch - all of us have to start all over again in these respects - It's a type of natural evolution and real socio-economic Darwinism taking place - the rich never expected to be part of this back lash they believed they could hold back for ever...now real Darwinism is taking place and it is the survival of the fitest - and those that have real assets will finally rise to their rightful place - natural resourses contained within the human being..those without real skill and ability will fall.