by Benjamin Fulford
Heidi is the proprietor of a bar in Chicago.
realizes that virtually all of her customers are unemployed alcoholics and,
as such, can no longer afford to patronize her bar. To solve this problem,
she comes up with a new marketing plan that allows her customers to drink
now, but pay later.
Heidi keeps track of the drinks consumed on a ledger (thereby granting the
customers' loans). Word gets around about Heidi's "drink now, pay later"
marketing strategy and, as a result, increasing numbers of customers flood
into Heidi's bar. Soon she has the largest sales volume for any bar in
By providing her customers freedom from immediate payment demands, Heidi
gets no resistance when, at regular intervals, she substantially increases
her prices for wine and beer, the most consumed beverages. Consequently,
Heidi's gross sales volume increases massively.
A young and dynamic vice-president at the local bank recognizes that these
customer debts constitute valuable future assets and increases Heidi's
borrowing limit. He sees no reason for any undue concern, since he has the
debts of the unemployed alcoholics as collateral.
At the bank's corporate headquarters, expert traders figure a way to make
huge commissions, and transform these customer loans into DRINKBONDS. These
securities then are bundled and traded on international securities markets.
Naive investors don't really understand that the securities being sold to
them as AAA secured bonds really are debts of unemployed alcoholics.
Nevertheless, the bond prices continuously climb, and the securities soon
become the hottest-selling items for some of the nation's leading brokerage
houses and are sold and bought world-wide.
One day, even though the bond prices still are climbing, a risk manager at
the original local bank decides that the time has come to demand payment on
the debts incurred by the drinkers at Heidi's bar. He so informs Heidi.
Heidi then demands payment from her alcoholic patrons, but being unemployed
alcoholics they cannot pay back their drinking debts. Since Heidi cannot
fulfill her loan obligations she is forced into bankruptcy. The bar closes
and Heidi's 11 employees lose their jobs.
Overnight, DRINKBOND prices drop by 90%.
The collapsed bond asset value
destroys the bank's liquidity and prevents it from issuing new loans, thus
freezing credit and economic activity in the community. The suppliers of
Heidi's bar had granted her generous payment extensions and had invested
their firms' pension funds in the BOND securities. They find they are now
faced with having to write off her bad debt and with losing over 90% of the
presumed value of the bonds.
Her wine supplier also claims bankruptcy,
closing the doors on a family business that had endured for three
generations, her beer supplier is taken over by a competitor, who
immediately closes the local plant and lays off 150 workers.
Fortunately though, the bank, the brokerage houses and their respective
executives are saved and bailed out by a multibillion dollar no-strings
attached cash infusion from their cronies in government.
The funds required
for this bailout are obtained by new taxes levied on employed, middle-class,
non-drinkers who have never been in Heidi's bar.
Now do you understand?