With George Noory
Live Nightly 1am - 5am EST / 10pm - 2am PST
Financial Fraud/ Disaster Preparation - Shows

Coast Insider

Not a member? Become a Coast Insider and listen to the show 24/7

Coast Insider

Not a member? Become a Coast Insider and listen to the show 24/7

Last Show Recap

Financial Fraud/ Disaster Preparation

Retired NASA astronaut Ron Garan is also a highly decorated fighter pilot as well as an explorer, entrepreneur, and humanitarian who believes that appropriately designed and targeted social enterprise can solve many of the problems facing our world. In the first half, he discussed his transformative experiences working aboard the International Space Station.

In the latter half, medical sociologist Robert E. Bartholomew, PhD shared his latest work uncovering the little-known scientific evidence underlying supposed hauntings, immortalized in familiar Hollywood films including The Exorcist, Poltergeist and The Conjuring.

Upcoming Shows

Fri 10-09  TBA/ Open Lines
Sat 10-10  Ancient Mysteries & Civilizations Sun 10-11  Reaching the Divine/ Agenda 21 Mon 10-12  Shemitah Cycle/ Ancient Pyramids Tue 10-13  Natural Remedies/ American Madness Wed 10-14  Cyber Warfare Thu 10-15  Hidden History & Archaeology Fri 10-16  Influence of Edgar Allan Poe/ Open Lines


Sign up for our free CoastZone e-newsletter to receive exclusive daily articles.

Financial Fraud/ Disaster Preparation

Show Archive
Date: Sunday - November 20, 2011
Host: George Knapp
Guests: William K. Black, Matthew Stein

In the first half, Associate Professor of Economics and Law, William Black, joined George Knapp for a discussion on how our economic crisis has been brought about by deliberate fraud on the part of banks involved in real estate loans. The household losses in this crisis are estimated at a staggering 11 trillion dollars, he reported (by comparison, the S & L crisis of the 1980s was contained at $150 billion, he noted). Accounting fraud was carried out by mortgage bankers and affiliates of banks that weren't subject to governmental regulation. They issued what he called "liar's loans" that were guaranteed to provide huge bonuses for executives, while setting up home owners to certain failure when the real estate bubble burst, he detailed.

Many predatory mortgage brokers targeted poor people and minorities, inflating appraisals, and debt-to-income ratios in order to qualify them for the loans, he continued. By 2006, there were over two million cases of this type of fraud a year, and banks were selling their problematic loans to Wall St. under false pretenses, said Black, who added that we could be looking at an even more intensified financial crisis down the road because the way government has responded to the crisis (such as the bank bailout) has made matters worse. For more, see Black's paper: The Virgin Crisis: Systematically Ignoring Fraud as a Systemic Risk.


In the latter half, engineer, author and building contractor, Mat Stein talked about specific disaster scenarios and what we can do to prepare for them. One concern he cited is the danger from nuclear reactors, which could have power knocked out to them in the event of a strong solar storm (which happen around every 70 years). When the reactors' back-up power runs out, there could be multiple nuclear meltdowns, on the level of Fukushima and Chernobyl, he warned. So far, the US government has shown reluctance to spend the money on making the electrical grid less vulnerable.

He advocated that people be prepared to make it for a week or a month on their own, in the event of a disaster. Along with food, some type of water filtration system is crucial, he said, noting that water can actually be disinfected by leaving it in the sun. A head lamp can prove useful in a variety of situations, in which you may have to perform certain tasks in the dark, he said. Stein also suggested that people obtain a colloidal silver generator, as a solution made from this can successfully kill pathogens, and is like having a "pharmacy in a jar."

Related Articles

Knapp's News 11/20/11

Knapp's News 11/20/11

A number of items have recently caught George Knapp's attention, including an article about an alien signal, and two pieces about the Federal Reserve:

What caused the financial crisis? The Big Lie goes viral.
Climate change means more frequent droughts and floods, U.N. panel says in report
Alien signal still a mystery - expert
The Veil of Secrecy at the Fed Has Been Lifted, Now It's Time for Change
Darpa’s Plan to Trap the Next WikiLeaker: Decoy Documents
Laws of physics 'are different' depending on where you are in the universe
14 Reasons Why We Should Nationalize The Federal Reserve

Caricature of George Knapp by Dennis Rano, ufologistoons.com

Bumper Music

Bumper music from Sunday November 20, 2011