Toxic Waste

Bob Chapman

The derivative securities known as "toxic waste" that are in the process of taking down the entire worldwide financial system and that were created by the obtuse "financial engineering" efforts of the halfwit Illuminists who came up with this scheme, were characterized by Warren Buffet some years ago as "financial weapons of mass destruction." The mortgage-backed securities known as MBS's, which took on various forms such as CDO's, CMO's, SIV's and other subprime, and now Alt-A and prime, alphabet derivatives, form the part of the WMD arsenal known as "neutron bombs."

That is because the assets used to secure these neutron bomb derivatives remain standing after they explode, but the investors which own them are vaporized by the explosion. These various mortgage-backed derivative assets were created to sate the unbridled avarice and greed of the Illuminati, and were characterized by fraud from top to bottom, from beginning to end, in the biggest flimflam operation of all time. And now the Fed is acting as the general contractor for the massive salvage operation, as the balance sheets of the banks, investment banks and brokerage houses continue to deteriorate due to neutron bomb detonations and psychopathic levels of leverage which have been notably attained by hedge funds with the help of wild-eyed bankers and which are inherent in the fractional reserve banking system itself, a system which amounts to little more than a classic Ponzi scheme. The "Perfect Storm" is developing rapidly as the Fed sets the stage for the financially oriented remake of the movie by that name starring George Clooney. →