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Meet the New Bolsheviks

April 20, 2011 38 comments

EarthBlog News

4.20.2011

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Editors Note: “This essay portrays a future world where a very few own and control everything, while everyone else has nothing. No money, no power, no voice, no rights, no security and no dignity. Kings hiding behind the politicians ruling serfs. Apply whatever label you like to that eventuality because the label is meaningless. All that matters is what it is.”

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“Give me control of a nation’s money and I care not who makes the laws” – Mayer Amschel Rothschild (1744-1812)

They own you and project their power through your government via control of the money and effective ownership of the entire political bodies of nation states. They allocate the wealth. They own the media from which to manufacture all necessary consent for their actions against you, your country and your way of life. They believe they are gods on earth and that you are to be used until you are used up, only for their benefit. In their eyes we are all are sub human swine. You are actively encouraged not to think, and not to notice. – Meet the New Bolsheviks

As citizens of the world we are told that all of our issues boil down to left versus right and that we can all be categorized as one or the other. We are encouraged to argue among ourselves. While they own the corporations which count the votes, we are all told we have a choice. While two or more parties ostensibly share power in member nation states, all flavors of all parties promoted to contenders by their media are practically indistinguishable in their actions regardless of what they say. They all worship their masters, the people who control the private corporations which control the money.

We are told that in the US a New Pearl Harbor manufactured the consent for an an endless war. We are told for our own protection we must we relinquish our rights and civil liberties, we are told we must sacrifice and reduce our standard of living, although the physics prevent this narrative from being true.

We are all now bombarded daily with propaganda which defines our world emanating from a handful of mouths, all carrying the same monolithic message disguised as news or couched as left or right to keep a tired illusion going.

We have watched a network of private international banks keep the profits when they gambled and won, and how the people have met their margin calls when they lost. We have watched them do as they please and command our politicians to go against the wishes of the people they ostensibly represent without even any consequences.

We have watched them coerce free markets and free market capitalism into a fraudulent, manipulation of the truth via financial derivatives backed by an infinite printing press and now  constant covert market interventions and financial trickery such as buying or selling puts on their own debt whose only legitimacy rests on the peoples ability to perform future labor.

We have lived through the greatest wealth transfer in the history of the world where the people lost their wealth, the wealth was re created via journal entries, and that wealth was then distributed to their banks as they increase their worldwide domination and indespensibility. We have watched their media mask and ignore the fraud, corruption and malfeasance. We have watched the politicians stand aside as they cower in fear of prosecuting the crimes of the people and entities who own them;  the people they owe their continued political existence to.

Now in 2011 this privately owned international consortium effectively owns everything. They own entire countries including the one which spends more on military machines than all others combined.

On our behalf as people of the world, the people who control the money and the power have indebted the citizens of the USA which sponsors the worlds reserve currency up to and beyond the point which they can ever repay.  This roots their entire financial architecture in a debt which can never be repaid no matter how hard the people work.

This ponzi fraud not worthy of a cheap touring carnival has effectively rendered the citizens of the world as a collective indentured servant. This is the modern version of chattel slavery without the shackles, and the fallout is beginning.

While the future obligations levied upon the government and thus the population approach 200 trillion dollars in the land of the western world reserve currency, the current revenue towards these obligations is less than 2 trillion a year. Not only the citizens of the USA, but all citizens of the western world from Iceland to Greece to Spain to the UK to the USA have all been bankrupted by orders of magnitude.

The international financial consortium has effectively already transferred the future labor of the populations of the world to themselves. They have given themselves an advance payment on labor you have yet to perform, and if it is not performed, ratings downgrades from their ratings agencies will surely result in a bankruptcy, a default, and a revolution from which they will assign their new sycophant.

In this sophisticated financial shell game which only one in a million can even understand, this architected collapse and resultant wealth transfer is being masked. A collapse is being turned into a decay via their so called quantitative easing, the same strategy of  zimbabwe.

Instead of a dislocation, the citizens of the western world will austerity imposed upon them by their new overlords, the IMF and the World Bank. It will be up to the local politicians to decide what to call it and how to roll it out. To date this rollout is going more successfully in some countries than in others.  Importantly, at this point it is entirely unclear if this austerity can be effectively imposed without civil unrest, which would be met with their police force and armored cars for the oligarchs as well as increased global uncertainty and chaos.

The shareholders of these private entities, the people who own the shares of the Federal Reserve Corporation, the Bank of England, the IMF and the World Bank and so on, these gods on earth would like to own it all, and now effectively they do. The nations are so dependent on this global syndicate that their continued existence is assured. Smart people educated in their institutions are not supposed to notice, but the elephant is increasingly difficult to hide. The fraud now requires total control over information.

In the culmination of a 300 year old pre meditated plan, the politicians of the world are beholden to what is effectively an international organized crime syndicate. A supra national gang of satanic psychopaths owned by a handful of people, because their continued political existence requires the output of their private corporate printing press.

The politicians, the heads of state have all been reduced to feet lickers. They are sycophants, puppets, middlemen. They require their international consortium of money masters printing press, and yet the people revolt. They are sponsored and given their authority to rule only by their masters and the media their masters own.

For the politicians of the world continued loyalty to the printing press, the inexorable mound of ever increasing and unpayable debt, and for the continued praise of it and their masters, they are allowed to continue in their roles. Any deviation from the script is met with a prompt character assassination, and the politicians of the world all know it so they all tread cautiously. They are careful what they say and how they say it.

There is rarely a sincere word spoken in international politics today, and when there is it is usually followed up by a character assassination in the news of the world.

Now because of this unpayable debt comes austerity to the western world. The debt will be inflated away as the people pay for the debt levied on them further transferring wealth and control to the international consortium.

The explanation of course for FED loans to international banks and cayman island bank accounts is that the FED, the IMF and all of these other private corporations are all owned and controlled by the same families which founded the institutions in the first place, and this ownership along with the rules of the road transcends national boundaries. These are among the questions never asked publicly, who are the owners of these institutions and what do they stand for? If they were asked, the people of the world would quickly realize we are all being governed by a handful of people who control the shares of the syndicate.

The fallacy is that the US or any other western country politicians are in control. They are playing a narrative role. They are the left vs right smokescreen which keeps the people occupied while their nations are looted. The heads of state are sponsored. The politicians have a loosely assigned script to work from. They are team players or they are gone.  They are figureheads, mascots, puppets, shills, middle men. They are the face of the money men who control their every action. Most of their people are not sophisticated or educated enough to understand. No one within the realm of their media ownership is going to tell them.

After demonstrating that no audit or financial oversight of any kind will ever be required or allowed, the owners and the controllers of these banks and international networks will now further consolidate their wealth, power and control while the people struggle to repay the debt levied on them. These debts levied upon them without consent are debts created from money out of thin air. Keystrokes on computers have allocated the majority of the worlds wealth to the small cadre of shareholders, the families and people who control this global financial oligarchy.

This consortium can only continue to exist in it’s current form because they have the ability to promote their propaganda via the media they own…for the pittance they hand out to their sycophants and shills.  The people are to be infotained, propagandized and dumbed down. They are discouraged from asking questions. It is now agreed upon that in all the nations they own, any disagreement with the party line makes you the enemy.  They are attempting to project a monolithic culture over the world as they squeeze the people empty.

The truth has become the enemy of the people who own the money, the power, the perception, the politicians and entire nations. This is a very precarious position for the world.

In the seat of power in the nation of the worlds reserve currency, a wholly corrupt and broken architecture now revolves around a constitution which is no longer in effect. The people who control the money control everything. The people are not supposed to notice. They are supposed to be relinquishing their former rights due to a now endless war which has been justified only by their media and sponsored sycophant organizations and think tanks.

The people are to be arguing among themselves about left vs right while both parties appear to be indistinguishable in their relationship with the banks, the money and the power, and everything that translates into something that matters. The people are conditioned to be following the instructions during these wars of conquest for which the consent they manufactured and paid for.

A constant barrage of propaganda has been inflected on the citizens of the world by the media networks owned by these consortium’s as they plot their path to own and control everything.

These wars of conquest, this hijacking of entire armies by the people who control the money, the power and the perception, these wars that further decimate the balance sheets of their countries of origin serve only to further enrich this global syndicate at the people’s expense. The corruption is entrenched. It is systemic. It will not go away on it’s own.

The wars are for profit and control. They are for the expansion of central banks and to create new central banks owned by the same interests. The reasons for the wars are entirely manufactured by their sycophants and their media. They own the politicians. They own the armies. They own the people.

Regardless of what country you live in they tell you to be afraid. They tell you to be willing to make sacrifices to support the continued existence of the ever fewer ever more powerful financial institutions which the politicians and you are all now beholden to. They are filling everyone full of themselves.

The pre eminent property owned by this global financial oligarchy remains for now, the USA. Amid a so called endless war against their enemies, they have engaged the military machine of the USA in three wars.

The first engagement ostensibly justified by the consent they manufactured and now the worlds opium population and vast natural resource reserves are under their ownership. The second war was to free a population from a tyrant although millions of them have now been killed or displaced, and all suffer a lower quality of life. Meanwhile the financial consortium in control of the armies now owns the banks and the oil while the citizens in the US footed the bill for their conquest and expansion.

In 2011 we now enter a third conflict to free another people and the rebels in their spare time have already set up a new central bank. Please don’t think.

This global syndicate, this financial oligarchy is so powerful it can command the US armed forces as a policy enforcement tool. It can manufacture the consent to commit whatever act it desires, to gain more money, more power, and more control over everything. This syndicate makes politicians dance like puppets. They are there because they are saleable to the populations. Given a properly created media persona, the serfs are willing to go along with the narrative. The politicians who are selected and promoted into contention by their media are  easy to blackmail and keep in line because they are all criminals or deviants or both, who will unwaveringly display their loyalty to the New Bolsheviks or else.

These people who own and control everything will soon send representatives to their media to tell you that a global currency is necessary. They will tell you a central global financial authority is necessary to consolidate their power and control over the world and that this is good. They will manufacture a reason why you must support it and their media will sing the praises of it. You will be put on notice that your way of life is changing and that your austerity and sacrifice is required.

Your quality of life as a citizen of any of the participant countries  is set to diminish in every way from the quality of the food you eat, to the purchasing power of any remaining disposable income. You will be used until you are used up. At the same time a handful of global financial oligarchs, the families who control these entities will all live a lifestyle approximating or eclipsing royalty as they rule over their global serfdom, with their ownership transcending any national boundaries.

Coming soon to you, a New World Order which you can see but at the same time are told does not exist….

We will all soon be living in a totalitarian world of a global central bank from which a world government in drag is projected. The local politicians, the heads of state having all now been reduced to foot lickers, taking their orders from the people who now project power globally via control of the nations they own. The world will be reduced to a global police state, or anarchy.

The head of the IMF, a member of the communist party will make the rules and allocate the wealth to his global financial network of oligarchs who represent the shareholders of these entities. You will be told it is necessary. You will be told it is good. You will be encouraged not to think. You will wake up one day financially enslaved and having relinquished all your freedoms. You and your government will owe them everything. They will make the rules because they own the politicians. They will tell you what to think because they own the media. New wars will start in their continued conquest. Something terrible will have happened to the only world we all have to live in.

Meet the New Bolsheviks.

For further reading, please see Who Owns the Federal Reserve and Why Don’t You Know

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the split

December 24, 2010 32 comments

crossing the chasm

EarthBlog News

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12.24.2010

As we move ahead into 2011, one theme presented is a matrix like split in western societies, particularly in the US. This split revolves around a corporate media portrayal of the world where reality is landscaped by an ideology, and by an actual reality that increasingly diverges from that untouchable paradigm of media concocted “truth”.

In this synthesized version of reality revolving around ideals such as fan worship, celebrity gossip and political correctness, independent or critical thinking is discouraged. Inconvenient events are to be quickly forgotten or deconstructed into an unrelated chain of events.

There is now rarely any mention of the two wars the US is currently fighting, one being the longest in US history. There are no images  of Detroit on TV, where garbage collection has now ceased and trash is piled up in the streets 30 feet high. There are no live video reports of 8,000 formerly middle class families now living in the woods in tents in three counties surrounding Orlando Florida. There is no mention of miles of sub surface oil slicks poisoning our air and water.  There are no warnings about toxic seafood. There is no discussion about lives and generations old ways of life that have been destroyed by greed and corruption.  85 percent of US college graduates are returning home after graduation jobless and saddled up with a lifetime student loan debt but you have to read about that outside the corporate medias realm.  The truth has become bad for business.

From the corporate media there are instead sound bites, bright lights, smiling faces, and corporate media news lies built around an ideological and political agenda.  Anyone in the media who fails to dutifully execute the party line propaganda is quickly un personed. Any high profile figure who dares to contradict the party line encounters a vindictive character assassination by the people who formulate everything you think you know.  The “experts” they promote are professors of fraud, quite often of the now thoroughly debunked Keynesian economic theory kind.

There is a new elephant in the room, and it is the schism, the chasm, this huge divide; the split between what people are supposed to be thinking according to monolithic power obsessed media moguls, and what’s really going on. Already in 2010 several surveys showed that a majority of Americans no longer believe the government even has the continued authority to govern. The approval rating of the people’s representatives has been languishing barely into double digits for years, and over 2 ostensibly different regimes. The standard of living of the average citizen in the west has taken a nosedive, with Americans being particularly hard hit. The banks control an ever larger share of national GDP, yet they do not make anything or provide any societal benefit. Instead they provide enslavement of a nation via credit creation. The elitist banking class are wholly parasitic by nature and yet they run the world. They exist solely by skimming money from other people, or by creating money out of nothing then collecting interest. It is no wonder ways of life and standards of living of ordinary people are being sacrificed. There is a finite wealth in the world and it is increasingly being allocated to the banking class, by the banking class, at the expense of everyone else in the world.

So today there is one segment of society worldwide who still unquestioningly takes the big government party line dope and manufactured government statistics, and one segment where the machine has lost some or all of it’s credibility. The manufactured version of reality now bumps up against what is actually happening in the world. This group of believers and non believers are encouraged to fight among themselves as the divide between the truth and media professed reality grows.

The group of believers who erroneously assume that the government and banking class operate in their best interest continually shrinks however as they are personally touched by the fraud, deceit and corruption which are the three pillars of the emerging plutocracy.  As we go forward, the lies are already out in the open for anyone willing to open their eyes.

We have already seen austerity inspired riots and labor strikes in Iceland, Ireland, Greece, Italy, the UK and France. The increasingly large group of non believers are rioting over a banking class takeover and imposed austerity, theft of their formerly guaranteed pensions or sale of national assets to the banking elites.

Simultaneously, the US is quietly being suffocated. The people are dulled by prozac and flouride. They are drowned in an ocean of celebrity gossip, fansmanship and genetically engineered food proven to kill or injure the unsuspecting mammals who consume it. For the remaining believers, their entire reality is now rooted in deceit and lies, in ignorance and racism;  in religious ideology or media inspired hate;  in a left vs right smokescreen. Everything they believe, everything they think they know, is mostly rooted in lies, propaganda and disinformation. The plutocrats believe they are acting as divine gods on this planet and that the ignorant masses are sub human beasts to be told noble lies and used until they are used up. The chasm, the split, is the gaping wound between truth and illusion.

There is a revolving door between the oligarchs and the government.  Corporate rock star CEO’s now endeavor to patent nature or make a killing on war while looting the corporations they run. Bankruptcy is a tool used to shaft the employees, creditors and shareholders.  One hand shakes the other in a corrupt corporate America protected and in some cases financed by taxpayers themselves. The private for profit banking system owns the treasury and exploits it’s control of the people’s labor via the creation of unlimited debt. The people, the useless eaters are mostly apathetic, detached and clueless as to the forces shaping their own destiny.  They are in effect the enemy of the plutocrats. They are to be placated and entertained; used and used up.

The man elected to change all of this increased the size of the wars he was elected to end. Instead of promised change, there has been more of the same. More lies, more greed, more corruption, more skimming of the wealth from the people to the banking elite and plutocrats.  These oligarchs hide behind bulletproof glass and fly learjets to secret meetings. They skim the people’s wealth and host lavish parties where the cost exceeds the lifetime income of many people in this world.

Everything that has happened since the people’s hope for change came on board has benefited not the population of the world, but this small group of financial elitists who own the entire political body, set the policy and make the rules. They rule from behind a curtain of fraud, deceit, corruption amid a sponsored media festival of lies. The real brokers of money, power and policy create money out of thin air and operate in the shadows, off limits from any focus or disclosure in the media empires they own or control. The entire political body are but a hapless host of stewards on a ship of fools, cowering in fear of the media and the money which owns and sponsors them all.

The media vetted so called “leader of the free world” is a powerless obedient mascot dishing out tyranny and loyal only to the money interests who own him. He controls nothing and is told what to think and what to do by corporate lobbyists and special interests. Should he wander from his assigned script, a character assassination would be promptly performed by the corporate media who he relies on to maintain his power.

The propaganda is all propelled into public consciousness from an increasingly monolithic global mega media propaganda machine which operates as a privatized version of state sponsored media. Debates are framed. PR and ideological opinions are bought and sold then disguised as news. Lies are sold as the truth. Ignorance is sold as a virtue.

With this tremendous loss of trust in the media and government worldwide, on comes the head of the US department of Homeland Security via a wide screen tv at the local wal mart. The attorney general warns you to be very afraid. The TSA is strip searching you and your children. Random shakedowns on the DC subway.  More rules. More restrictions. More forfeited rights. More permissions being revoked. Anyone critical of the emerging elitist plutocracy finds themselves to be the enemy. As the propaganda migrates to the internet, we have TSA shills trolling the blog comments and a 2 billion dollar PR budget for the government to propagandize the people with their own money.

Out of the ashes of a complete loss of trust and a 2 billion dollar propaganda budget is born a new modern day robin hood wearing white. He does whirlwind media tours. He publishes credible leaks that damage everyone except the people in charge. The people are like clay. They are easily molded and shaped. What they believe to be true is subject to what they are taught to believe by the oligarchs who control the media and the creation of money.

So the world today is a giant theater production where the BBC and FOX news release 20 minutes in advance the news that WTC7 has collapsed on the day of the New Pearl Harbor. In 2010 we have Joe Lieberman telling us why we needn’t be concerned that WTC7 collapsed defying a host of laws of physics in the process or that every law regarding a crime scene investigation was violated. There is no mention in the media machine of peer reviewed scientific papers showing high technology high explosive residue in the dust.  There is no mention of any of the important information people need to know to make informed decisions.

The single event that changed everything has proven to be a lie which now has to be protected. An ideological agenda has been put forth. America has been subverted from the inside by the banking class. The people’s wealth has been destroyed or is being confiscated. In Orwellian doublespeak the ever larger group of non believers are labeled as domestic dissidents, terrorists, radicals, and extremists when the people in charge are the ones who are all of those things.

Thomas Jefferson warned us it would happen. He knew this because the founders of the US were revolting against an aristocratic banking class authoritarian rule by the same banking aristocracy lineages who have now subverted and anonymously control the once free USA.

British tyranny via control of the money has caught up with America once again in the 21st century. The now global banking aristocracy is attempting to shift the wealth of the world to itself through a shell game where assets of countries are traded for notes manufactured out of thin air backed only by the labor of the same citizens forced to accept the fraud. This is a world where armies are policy enforcement or asset acquisition tools of the plutocrats. This is a world where the people providing the labor to fund the machine are to be used until they are used up. Their toil and their labor is only to fund the lavish lifestyle of a plutocratic elite.

So as we begin 2011, we move headlong into a world where the real truth is becoming nearly impossible to discern. The need for protection is blanketing and permeating every aspect of the lives of ordinary people. Governments living off of printing presses are getting larger, more authoritarian, more dangerous and more bankrupt. The world moves towards a single currency with few alternatives where global power and control can be consolidated. The people all suffer. Standards of living decline. Real wealth decreases. Social problems, crime and drug use increase. Western society continues a slow rot, a decay, amid an insolvent banking system that owns a media wing from which the false flag terror propaganda is catapulted by the oligarchs. The giant suffocating squid tells you to spy on your neighbors and be very afraid.

As an ordinary participant in a western world society, the party is over. Your former way of life is being revoked under the guise of an endless war waged by criminals wielding fake terror and posing as your savior and protectors. There is nothing you can do about it except to get out of the way.

the failure of markets and behaviors as speculators

April 25, 2010 8 comments

2010.04.25

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“All truth passes through three stages.  First, it is ridiculed.  Second, it is violently opposed.  Third, it is accepted as self-evident” – Arthur Schopenhauer philosopher

The Federal Reserve Corporation (FED) today regularly intervenes in the currency markets via swaps, open market operations. etc. with other global central banks and other market participants.

The short term interest rate is regularly set and maintained by the FED and it’s open market operations.

The FED now also openly admits buying their own debt as quantitative easing. This serves to suppress long term interest rates thus, directly influencing the long term interest rate markets, and the real estate market.

Thus, the FED today manipulates the prices of assets from currencies to real assets.

In some circles (mostly only in the corporate media where board members are also wall street executives) it is still a subject of debate whether or not the FED and the Treasury have adopted a policy of intervening in the stock market to promote stability and market confidence.  From stories about the PPT,  to the FED stating that they would use “any means necessary” to stabilize the economy.  From huge market rebounds 5 minutes after a call from the Secretary of the Treasury to the people who profess to be doing gods work, to the CEO of trimtabs stating that he sees no other possibility than government intervention, people will still debate this topic, in the corporate media at least.

Out in the real world, “Don’t fight the FED” extends to market operations in any or all asset classes. The debate is confined only as to how much, when and who.  On the floor, the only entity who isn’t aware of anonymous accounts that can make the market turn at will in Chicago are the regulators. Then again, the regulators are the graduate alumni of the people who appear to need regulating.

The debate doesn’t stop at the share markets however. Recent on the record revelations from a metals trader allege what the so called conspiracy theorists have been saying all along, that there is a conspiracy among the centrals via their member banks to manipulate the price of gold and other metals.  The corporate media chose not to discuss the subject at all.

In looking at the markets as a speculator, the conclusion is that there is more than enough evidence that the FED, the Treasury and the large banks all operate with increasing influence and heavy handedness in all markets.

It has become required to stabilize an unstable system, first as an emergency measure then now as a matter of course and necessity. On the FED’s visible balance sheet there are toxic mortgages and on the invisible balance sheet it is impossible to ascertain what assets they own since they won’t say and have never been audited to force any disclosure.

A larger point, and the subject of this thought experiment is to think about the effects of managed or buffered markets on the psyche of the market participants.

The obvious reflexive idea at work here is that if the market participants believe the system is inherently stable or priced at a certain level on it’s own accord, then confidence in it would be far higher than if the participants believed that it needed intervention to keep it stable. This increased confidence could in itself affect the behavior of the markets when they are exposed to crisis or stress situations.

By reducing the interest rate to and below the real rate of increase in the cost of living, a negative savings rate discourages and even penalizes savings. It makes saving money a guaranteed loss and encourages speculative risk taking with non risk capital in search for a return.

If the market had dived during the 2008 period this could have permanently altered risk models and permissible leverage going forward. It could have reduced investor risk tolerance. It could have caused an even greater loss of confidence in the US capital markets resulting in unacceptable side effects from insolvency to failure of the entire system.

Knowing all this, is it possible that the FED or the Treasury have introduced a false sense of investor security by financing open market operations via a printing press? The implied assumption of course is that the printing press can run forever and as powerfully as necessary to fix any problem that might arise. The current FED chairman stated explicitly and now infamously that the FED could do just that by dropping money(debt)  out of helicopters if necessary.

The reality however is that the printing press cannot print more debt than the capacity to finance it.  We must recognize that reality in the same way that we recognize the FED and the banking system is not a goose that lays golden eggs.  In spite of what the FED chairman would have you believe, it cannot fix any problem by printing any necessary quantity of money, because that is the same as increasing the debt up to and infinitely beyond it’s ability to be repaid.

Because of these facts, it is arguable that both investor psychology as well as quantitative risk models have become skewed and are now RELIANT on the previously mentioned assumptions for it’s continued existence. The implication is that if investor psyche has been manipulated or altered along with the markets, it is not a reliable indicator of future market direction or market stability.  All forward looking indicators could be entirely wrong as a result of reflexive policies and it’s resultant social engineering.

The idea of markets that discount the future by a market consensus based on reliable information becomes flawed. Recognizing the markets are managed is no different than recognizing that investor psyche is also managed. One is a reflection and a reflexive view of the other.

In thinking about all of the above, the next obvious question is, how does an eventual convergence of reality (the FED cannot create an infinite amount of debt to fix any problem) with a belief in golden eggs (the belief that they can and enabled only by the illusions of manipulation) manifest itself?

The answer lies in this fact:

The amount of debt is continuously increased into a geometric progression of diminishing returns as the capacity to buy the ever increasing amount of debt moves ever smaller as a fraction of the debt required to maintain and inflate the balloon.

Thus it can be argued as it was in two possible paths with the same endpoint that we have an unstable and technically defunct system masquerading as a stable system. This current divergence can be reconciled either through asset value inflation, or through failure via mass insolvency. If it is reconciled through inflation it will appear as decay over a long period of time leading to chaos and civil instability due to a standard of living collapse. If it is reconciled through mass insolvency it will appear as a rapid onset of the same thing.

Filed under: markets

For nations living the good life, the party’s over, IMF says
By Howard Schneider
Washington Post Staff Writer
Saturday, April 24, 2010
Address

Greece hit by new riots as pressure grows to quit euro
By Christopher Leake
25th April 2010
Support for the bail-out of debt-ridden Greece was in doubt last night, leaving the country on the brink of financial meltdown as top German politicians said it  should be forced to quit the euro. Riots erupting during workers’ protests over planned public spending cuts, just hours after Greek Premier George Papandreou sought emergency £35billion of loans from eurozone countries and the International Monetary Fund. The Greek government was finally forced to ask for international help after the cost of its borrowing spiralled to a new high, making it prohibitively expensive to borrow money to service existing debts.
Address

Lawmakers: Military could quell Chicago violence
CHICAGO — Two Illinois lawmakers say violence has become so rampant in Chicago that the National Guard must be called in to help. Chicago Democratic Reps. John Fritchey and LaShawn Ford made a public plea to Gov. Pat Quinn on Sunday to deploy troops.
Address

From the Sky, Detroit Looks Like Sarajevo
Chris Hansen traveled to Detroit, Michigan for a Dateline special that aired tonight on the state of what is probably America’s most desolate city. And in aerial footage—devastation porn at its best—Detroit’s grim plight was revealed. Video inside. “Today, from the air, parts of Detroit look like a war zone,” Hansen said in a voiceover near the beginning of the special, before he listed some of the most shocking facts about the city’s current state—the population is less than half of what it was decades ago; there are 400 liquor stores there, but only eight supermarkets—all while panning shots of the consequences of its deterioration flashed on the screen.
Address

Marc Faber – Governments are Going Bust!
Address
Greenspan Wanted Housing-Bubble Dissent Kept Secret
05- 3-10
As top Federal Reserve officials debated whether there was a housing bubble and what to do about it, then-Chairman Alan Greenspan argued that dissent should be kept secret so that the Fed wouldn’t lose control of the debate to people less well-informed than themselves. “We run the risk, by laying out the pros and cons of a particular argument, of inducing people to join in on the debate, and in this regard it is possible to lose control of a process that only we fully understand,” Greenspan said, according to the transcripts of a March 2004 meeting.
Address

ECB President Favors Global Governance
April 29, 2010
The President of the European Central Bank, Jean-Claude Trichet, told Forbes that global governance is extremely necessary if we want to prevent another financial crisis. In his prepared printed and spoken remarks to the Council on Foreign Relations, Trichet emphasized that politicians, economists, and financiers must work across the Atlantic and collaborate on methods to create an international set of standards.
Address

Rigged-Market Theory Scores a Perfect Quarter: Jonathan Weil
by Jonathan Weil
May 13 (Bloomberg) — Score another triumph for the rigged- market theory. In a feat that would seem to defy the odds, Goldman Sachs, JPMorgan Chase and Bank of America this week each said its trading desk made money every day of the first quarter. Goldman said its daily net trading revenue topped $100 million 35 times last quarter out of 63 trading days. JPMorgan and Bank of America disclosed similar eye-popping stats. Citigroup, too, recorded a profit on each trading day, Bloomberg News reported, citing unnamed people who knew the results.
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Exclusive: The Bank Of England Engaged In Flagrant Gold Manipulation In The Interwar Period Via The New York Fed; Does History Repeat Itself?
Tyler Durden
02/13/2010
An article written by University of Tennessee professor John R Garrett, “Monetary Policy and Expectations: Market-Control Techniques and the Bank of England, 1925-1931”, which describes in exquisite detail the gold falsification measures undertaken by the Bank of England in the interwar period in order to impact interest rates in a favorable direction, performed with the full criminal complicity of the Federal Reserve Bank of New York, may mean paranoid “gold bugs” could soon be forever absolved of their “tin hat” wearing status as outright gold, and other data, manipulation by a major central bank is now proven beyond doubt. The implications regarding the possibility of comparable deceitful and treasonous acts by modern central bankers are staggering.
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German Economics Minister Confirms Fed Manipulates The FX Market
by Tyler Durden
ZeroHedge
05/28/2010
The German Economics Minister Rainer Bruederle has just confirmed precisely what many have known and said for years, namely that the US Federal Reserve is active in the secondary markets, in this particular case in FX.
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balloon theory

April 14, 2010 18 comments

By Craig Harris
4.14.2010

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History and Background

In 2008, the peoples capacity to finance the debt they carried was exceeded. A global balloon of debt burst causing the largest financial crisis in world history. As articulated by the former Secretary of the Treasury to the US congress, a near cataclysmic chain reaction breakdown of the entire global financial system occurred. With the near systemic failure of the existing financial system, the Keynesian economic model was exposed as a fraud, and other theories and ideas are now emerging in an attempt to better explain past events as well as to offer predictive value that the now discredited Keynesian model will surely fail to predict.

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.  – John Maynard Keynes

It is a current subject of debate whether the debt was intentionally inflated to an unsustainable level or not  by the FED for the purpose of consolidation of wealth, power and control of it’s shareholders, because that has surely been the effect.  Since 2008, ever fewer, ever larger and ever more powerful financial institutions exist, wielding enormous power and control over political bodies and entire populations.  We have anonymous owners of a powerful banking syndicate and non transparent accounting. They claim immunity from any kind of audit. They are granted immunity by their employees (the US congress and Senate).

“And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place” – Senator Dick Durbin on WJJG 1530AM’s Mornings with Ray Hanania

With the worlds assets defined as the marked to market value of all the currencies in existence (the debt) viewed as a balloon, this balloon popped in 2008. As the balloon burst (as money was lost),  more money (debt)  was created in an attempt to reinflate the balloon, but the total balloon size is now much smaller and even more importantly the composition of the balloon has changed. The post crisis actions have amounted to a wealth transfer from (John Q Public not too big to fail lost money) to (too big to fail got money). The trillions of dollars in losses were socialized, but the profits have all been privatized. Bailout capital was directly skimmed off the top by the people who caused the crisis and euphemistically called “bonuses” by their media sponsors.

So since 2008, not only did the FED not “fix” any problems, their global network of central banks, their shareholders, their affiliates and their too big to fails have effected a global wealth transfer from everyone else to them. It is notable that the too big to fail’s margin calls were met by the people of the United States and other countries, instantly doubling 200 plus accumulated years of US debt and globally demonstrating the institutions deemed too big to fail along with the governments themselves now getting even bigger and more powerful. This balloon reinflation was all financed by fiat money in the form of a guarantee to be able to tax the people’s future labor. So looking at any instantaneous balloon size as a pie chart, the capital allocated to the banks increased and the capital allocated to everyone else decreased. That is the definition of a wealth transfer and an explanation for the true state of the economy today.

Whether intentional or not, the creation and then the bursting of this last in a series of ever larger serial bubbles was orchestrated by Alan Greenspan. By suppressing short term interest rates for several years prior to the burst while watching a housing mania develop, the eventual bursting was assured. Mr Greenspan is now quick to deny any responsibility for this obvious cause and effect, as would be expected. As interest rates moved lower during this period, the size of the mortgage people could “afford” was increased and a mania ensued causing real estate prices to spiral higher, thus setting the stage for the housing bubble and it’s subsequent burst. The current steward, Mr Ben Bernanke, has overseen the greatest wealth transfer in the history of the world, from the people, to the banks.  Mr Greenspan and Mr Bernanke’s only remaining defenders are the people in the banking system, their corporate press portfolio, and a few shameless shills who still call themselves professors.

The important point to note is that this bursting balloon of debt was exceeded on 90-100 percent leverage and the assets marked to market is now a loss of some, all or more than the entire individual or corporate net worth. The continued fallout is not at all unlike rolling over a losing position at 95 percent leverage in the futures markets, absorbing the cost of carry at every rollover. At some point, everyone in this position goes bankrupt. Even after the bailouts, today in 2010, there is a suspicion that the banks are still technically insolvent, amid widespread technical insolvency among the population. We don’t know for sure because there is no transparency in the accounting. Assets can be held “off balance sheet” and are not required to be marked to market. Furthermore, the FED claims an immunity from any kind of audit.

Unrelated to balloon theory but important to note, many people realized the housing mania at the time, and yet the responsible parties all argue no one could have seen it in advance. They are still the ones in charge.  That is cause for tremendous concern. Everyone however can agree at least that the bubble did burst.

Balloon Theory Overview

In summarizing the market action prior to, during and after the acute financial crisis of 2008, balloon theory can be used to explain the behavior of the global financial markets.

Balloon theory revolves around the simple idea that the global capital balloon is inflated or deflated by a global reserve currency status and the ground zero creation of the currency (debt) in by the FED NYC. As the balloon expands, the balloon capital is deployed from the US into markets around the world, inflating them as well. As the balloon contracts, the reverse happens. Margin calls in the US are met by repatriating foreign investments back into dollars. During the acute crisis, the US dollar was rising and commodity prices were falling. The corporate media pundits and the people who caused the crisis called it “a flight to safety” and “deflation”. A flight to safety to ground zero of the financial crisis? No, a repatriation of balloon capital back to the US to meet margin calls. So balloon theory says the whole “flight to safety” argument is a red herring or an erroneous explanation for a real event. There is no safety in an unpayable debt, which is what the US dollar and several other fiat currencies now represent.

Balloon theory would argue for a very simple analysis of global capital market flows and investing, at least for the time being until the reserve currency status of the US dollar is lost and a global central bank emerges. It would argue that if the balloon of debt is expanding, then capital is being deployed from NYC into every corner of the world, inflating all asset markets around the world as happened from 2000 to 2008. This explains why you can for the most part overlay an equity index chart from two seemingly unrelated countries and have them look more or less the same. They are both being inflated by the same balloon. When the balloon is inflating, then foreign assets are being bought and US dollars are being sold. When the balloon is deflating, foreign assets are being sold and US dollars are being bought to meet margin calls. The entries and exits with smaller doors experience greater volatility. When the US dollar was rising in the acute crisis phase, commodity prices were moving lower because they are priced globally in dollars and dollars were rising due to repatriation of money (debt) to met margin calls.

Balloon theory also offers a simple explanation for inflation. As money is printed, the balloon inflates, and as the capital is deployed globally, the chief US export becomes inflation. All asset markets around the world become inflated from too many dollars (too much debt). So we currently have a situation where the balloon burst, and an attempt is being made to reinflate the balloon by printing money. All the western central banks are following the same prescription, some more than others.

In the past two years since the 2008 balloon of debt burst, the worlds central banks have all printed money (bought their own debt) to finance it in what has amounted to an attempt to prop up their currencies versus real assets by eagerly buying them. This has been called quantitative easing or debt monetization. This action has now forced long term interest rates to an artificially low level.

Printing money out of nothing on behalf of the people’s future labor and giving the money an artificially high market value has provided the appearance of stabilization, but this is another red herring. In other words, if the people can’t pay the debt, then the current market value of the currency is incorrect. By a fraud, the central banks have all printed money (bought their own debt up to and beyond the people’s ability to finance it) and have all in the process fraudulently priced their currencies. At the present time, artificial relationships are now required to be maintained by brute force clandestine open market activities to coerce markets into established policy ranges. This is a warning sign of future instability. While appearing to be a “fix”, once free markets are now reliant on what are in effect stealth price controls on currencies, equity markets, interest rates and commodity prices.

If as a central banker you can price your currency by taxing up to an infinite amount of the people’s labor, then that poses new future systemic risks. On it’s most basic level, the people do not have an infinite amount of future labor available to tax. Thus on it’s most basic level, the worlds financial system currently rests on the fraudulent premise that the worlds central banks can tax their future labor up to an infinite amount.

The most fundamental problem with the post crisis policies is that although the balloon burst, the debt which has not yet defaulted and the derivatives still exist. So reinflation of the balloon by printing money piles more debt on to the existing debt only to achieve a balloon size smaller than the existing balloon before it burst. Balloon Theory says the instantaneous result of this action will be global asset inflation but at a reduced activity level which is exactly what we have seen. It says the long term result of this action will be decay in terms of a declining standard of living for all of the tightly coupled western monetary system economies. Lower aggregate incomes will meet higher taxes and increased cost of goods and services as the currency (or currencies), which have in effect become tokens of unpayable debts, continues to lose their legitimacy. Some countries will, and are being affected more than others. Social unrest will likely develop and indeed has already developed in some countries like Greece. It is obvious now however, as it was during the real estate bubble, that ever increasing and now in many cases unpayable debts are no kind of fix and must eventually be resolved. It will be resolved sooner, or later, but it will be resolved. Math doesn’t lie. Central Bankers, politicians and their corporate media staff do.

knife edge economics

February 28, 2010 40 comments

by: Keynesius Fraudius
2.27.2010
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This essay proposes a set of assumptions to explain a set of empirical observations related to past, present, and future broad market behavior. There is no attempt to integrate geopolitical events such as war. The theory is called knife edge economics. It was first published privately to EarthBlog News subscribers in the spring of 2009 and disseminated publicly in late December 2009 via in an introspective look at the future of America. This essay offers an elaboration from that point.

knife edge economics

assumptions:

A collapse occurred in 2008 due to an ever increasing amount of debt which became too large to finance.

The FED is never going to tell the truth. Neither is the Treasury. Neither is the Banking system.

As short term interest rates were raised, the housing market collapsed, ending a multi decade long sting of FED induced serial bubbles which all required ever more debt.

The last bubble, the real estate bubble, was by far the largest bubble. The last remaining bubble is the unpayable debt still called a currency (the US dollar).

The collapse of the real estate bubble caused massive insolvency in the banking system, the government and the population. This set off a chain reaction of derivative failures with losses dwarfing available capital. This required public bailouts and state control of public corporations.

The collapse has already occurred, and all that can be done at this point is to alter the look and feel of the collapse, and affect real wealth and capital allocation as the collapse continues.

The entire global financial system at this point resembles a balloon. As new debt is created in the US, the capital is deployed overseas causing the balloon to expand and all asset prices to rise and the US dollar to fall because US banks are buying foreign assets and selling dollars. As the balloon deflates, capital returns to the US causing a rise in the US dollar and a deflation of all asset prices. The idea that capital returns to America seeking safety is an MSM red herring.

If the FED did not have a printing press available, the entire global financial system would have already completely collapsed amid massive insolvency into a deflationary depression and total system failure.

Since the FED does have a printing press, we have printed more money and increased the already unpayable debt so as to attempt to regain solvency of member banks and affiliated institutions.

Stability is achieved by ensuring low volatility. Low volatility is ensured by active short term market management.

If the volatility as measured by the VIX is low, the knife edge is wide. If the volatility is high, the knife edge narrows.

As the knife edge narrows (as volatility increases), the risk of falling off on one side or another increases.

The two sides of the knife edge are a: a hyperinflationary depression  b: a deflationary collapse

If the knife edge thins and collapse occurs, which side of the knife will be determined by how much money is printed (debt is increased).

If the knife edge remains wide (if the volatility remains low) , the collapse can be made to look like an extended period of economic and social decay lasting as long as one or two decades, ending at a point that resembles a collapse, but arriving there without a dislocation.

To the people, it will feel more of less the same. The experience will be high unemployment and a much lower standard of living due to unaffordability or lack of money.

The final outcome is either default or devaluation via inflating the debt away, or changing to a new devalued currency.

The FED, the Treasury and member banks along with Central Banks and affiliated institutions overseas are all working in concert using active management techniques of all kinds as a means to achieve policy objectives.

The primary policy objective is market stability.

The rate of quantitative easing (money printing) determines long term interest rates. Long term interest rates determine whether the FED is in control, or out of control.

The policy is to print enough money to keep long term interest rates low, so the real estate market and banking system can avoid continued collapse and regain solvency.

Artificially suppressing long term interest rate has the effect of depressing the US dollar which has the effect of boosting US share prices and commodity prices.

Using knife edge economics as a predictive tool, the ten year note and the VIX are leading indicators regarding collapse or decay. If the ten year yield remains low, then the FED would be assumed to be in control and the dollar would be free to slowly depreciate. The knife edge as measured by the VIX would remain wide, the FED would have more room to maneuver and commodity, stock and other real asset prices would be expected to move higher.

Another way to look at this would be that policy effect on asset prices is only a reflection of a depreciating dollar against all assets. In other words, assets like stocks may be going up, but only insofar as to reflect the decline in the worth of the dollar, which may or may not be well indicated by the US dollar index. The dollar would depreciate in this way possibly for a decade or more until the unpayable debt was inflated away.

If however there was to be a surge in the 10 yr rate, this would indicate a loss of FED control and would argue for much lower stock and commodity prices, along with a risk of a repeat of October 2008.

The FED solution for a market based surge in the 10 yr interest rate and a volatility increase would be to accelerate QE.  If printing money does not reduce the interest rate then knife edge economics would argue the FED is losing control and would risk hyperinflation to regain it with the alternative being insolvency and absolute system failure as was almost experienced in 2008.

Generally speaking, knife edge economics would explain current FED policy as endeavoring to promote stability through any active or passive means necessary. Keep the 10 yr yield low. Manage equity prices for stability and within bands. Allow the dollar to depreciate for an extended period of time, causing asset prices to slowly inflate to regain solvency within the system.

Editors note: EarthBlog News does not provide financial advice.  We are proposing an analytic structure to explain market behavior.

who owns the Federal Reserve and why don’t you know?

February 25, 2010 41 comments

By Antecedent Insider
2.24.2010
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Editors Note: The Federal Reserve (the FED) is the third central bank of the United States. The first central bank of the United States charter was not renewed, causing the war of 1812. The second central bank of the United States charter was revoked by Andrew Jackson via executive order. Shortly thereafter he became the first sitting president to have an assassination attempt on his life. He survived two attempts.

Please take the time to read about a criminal syndicate masquerading as our saviors while they rob us of our freedom, wealth and prosperity in a calculated, systematic way, meticulously planned over hundreds of years. The FED reports to another private corporation, the BIS. They control the money. They bought the press. These satanic vultures seeing themselves as gods on earth and us as cockroaches or donkeys, control the agenda which is to ultimately control the world via control of the money.  None of us are going to like it. They don’t care.

In this essay I have liberally used their own quotes. In this way, you don’t have to believe what this author says.  Instead, they will tell you themselves.

“The real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state and nation. Like the octopus of real life, it operates under cover of a self created screen….At the head of this octopus are the Rockefeller Standard Oil interests and a small group of powerful banking houses generally referred to as international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both political parties.” — New York City Mayor John F. Hylan, 1922

The Federal Reserve (the FED) was chartered by the US Congress in 1913 to issue currency on behalf of the US Treasury via the Federal Reserve Act.

The Federal Reserve is a private corporation. It is neither Federal, nor does it have any Reserves. The Federal Reserve creates money out of nothing, then collects interest on the debt. It was conceived by several of the world’s wealthiest bankers in 9 days of secretive meetings at a Jekyll Island retreat in November of 1910.

Why all the secrecy?

We do know a few things about the Federal Reserve.  Senator Nelson Wilmarth Aldrich (November 6, 1841 – April 16, 1915) and Paul Moritz Warburg (August 10, 1868 – January 24, 1932) were both instrumental in it’s creation.

Institute for Historical Review
The Warburgs: The Twentieth-Century Odyssey of a Remarkable Jewish Family, by Ron Chernow. New York: Random House, 1993. Hardcover. 820 pages. Photographs. Bibliography. Reference notes. Index.
Reviewed by John Weir
In November 1910, [Senator] Aldrich [of Rhode Island], Paul [Warburg], and four other experts sneaked off to discuss bank reform at a secret hideaway on Jekyll Island off the Georgia coast. With Democrats now in control of Congress and Progressives railing against Wall Street, the bankers had to travel incognito, lest they be accused of hatching a cabal. As part of the elaborate charade, the conference participants pretended to be sportsmen, outfitting themselves as duck hunters. What Chernow does not adequately explain is why such secrecy was necessary if a central bank was really such a great idea. We are told, in effect, that Warburg and others hatched a cabal to avoid being accused of hatching a cabal. Because it was the product of a furtive conclave, and secrecy still surrounds many central bank decision-making activities, it is hardly surprising that there are so many dark suspicions and “banking conspiracy” theories involving the Federal Reserve Bank. According to Chernow, Paul Warburg was the only person in America who understood how a central bank works. In 1912 and 1913, he drew up the basic plan for the Federal Reserve banking system, and he drafted the Federal Reserve Act. In December 1913 President Wilson signed the Act establishing the new central bank. If anyone can be called the father of the Federal Reserve Bank, the New York Times has rightly noted, it is Paul Warburg. The new central bank’s board of governors — which for several years included Paul Warburg — became top-heavy with political appointees whose policy of loose credit set the stage for the Great Depression. America’s economic collapse of the 1930s can be traced to the Federal Reserve’s operation by incompetents and self-serving hacks.
Address

According to the current FED board of governors:

“It [the FED] is not owned by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.”

The same people have told us however…

“The last duty of a central banker is to tell the public the truth” – Alan Stuart Blinder – Vice Chairman of the Board of Governors of the Federal Reserve System from June 1994 to January 1996  (PBS’s Nightly Business Report, 1994)

Woodrow Wilson was early in his first term as president in 1913. His pen signed the Federal Reserve act into law. He later said remorsefully in “The New Freedom: A Call for the Emancipation of the Generous Energies of a People: ”

However it has come about, it is more important still that the control of credit also has become dangerously centralized. It is the mere truth to say that the financial resources of the country are not at the command of those who do not submit to the direction and domination of small groups of capitalists who wish to keep the economic development of the country under their own eye and guidance. The great monopoly in this country is the monopoly of big credits. So long as that exists, our old variety and freedom and individual energy of development are out of the question. A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom. This is the greatest question of all, and to this statesmen must address themselves with an earnest determination to serve the long future and the true liberties of men.This money trust, or, as it should be more properly called, this credit trust, of which Congress has begun an investigation, is no myth; it is no imaginary thing. It is not an ordinary trust like another. It doesn’t do business every day. It does business only when there is occasion to do business. You can sometimes do something large when it isn’t watching, but when it is watching, you can’t do much. And I have seen men squeezed by it; I have seen men who, as they themselves expressed it, were put “out of business by Wall Street,” because Wall Street found them inconvenient and didn’t want their competition.

So what IS the truth? You are supposed to believe (according to the FED’s Board of Governor’s) that the most powerful corporation in the world isn’t owned by anyone. Because of this fact, it tells us that this institution called the Federal Reserve is so powerful they won’t even bother to waste any time to create a plausible cover story. Some would call that obscene.  It’s obvious when you look into the matter, they don’t even care what you think.

“By this means [printing money] government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.”- John Maynard Keynes (the father of ‘Keynesian Economics’ which our nation now endures) in his book “THE ECONOMIC CONSEQUENCES OF THE PEACE” (1920).

The Federal Reserve is a private corporation. As such, there is no reporting requirement as there are with public corporations. A corporation by definition has shareholders. The FED has shareholders, we just don’t know who they are because as they have pointed out…they don’t have to say.

“The real rulers in Washington are invisible, and exercise power from behind the scenes.” Supreme Court Justice Felix Frankfurter, 1952

The world is governed by very different personages from what is imagined by those who are not behind the scenes.”  Benjamin Disraeli  1844

 “Three hundred men, each of whom knows all the others, govern the fate of the European continent, and they elect their successors from their entourage.” Walter Rathenau WIENER FREIE PRESSE, December 24, 1912

“Fifty men have run America, and that’s a high figure.” Joseph Kennedy, father of JFK, in the July 26th, l936 issue of The New York Times.

The current FED chairman, Ben Bernanke, isn’t the owner of the FED. He’s an employee. Who are his bosses? We have no idea. Well, we have an idea, but we have no proof. Following the money and the family trees gives us an idea.

Maybe some would argue, why should they be required to say?

Isn’t anyone curious?

The FED, in charge of creating the US currency, is arguably the most powerful institution of any kind on this planet. Decisions made by the FED affect the lives of people not just in the US, but everywhere in the world. The FED by virtue of it’s policies and because it effectively has an unlimited bank account, makes decisions that affect standards of living and capital allocation spanning the globe.  In 2008, we watched them decide in closed door Sunday afternoon “emergency” meetings who survives and who doesn’t. We don’t know who was there, we don’t know what was said, the only thing we know is who survived and who didn’t.

So why isn’t this topic ever discussed? Here we have a situation where the most powerful people in the world (the shareholders of the Federal Reserve) remain completely anonymous.

“We will have a world government whether you like it or not. The only question is whether that government will be achieved by conquest or consent.” James (son of Paul)  Warburg quotes ( Banker, Shareholder, Founder, US Federal Reserve, Founder Council on Foreign Relations  1896-1969 ) while speaking before the United States Senate,  February 17, 1950

“Today the path of total dictatorship in the United States can be laid by strictly legal means, unseen and unheard by the Congress, the President, or the people. Outwardly we have a Constitutional government. We have operating within our government and political system, another body representing another form of government – a bureaucratic elite.” Senator William Jenner, 1954

The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements, arrived at in frequent private meetings and conferences. The apex of the system was the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the worlds central banks which were themselves private corporations. The growth of financial capitalism made possible a centralization of world economic control and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups.” Tragedy and Hope: A History of The World in Our Time (Macmillan Company, 1966,) Professor Carroll Quigley of Georgetown University

“The New World Order cannot happen without U.S. participation, as we are the most significant single component. Yes, there will be a New World Order, and it will force the United States to change it’s perceptions.” — Henry Kissinger, World Affairs Council Press Conference, Regent Beverly Wilshire Hotel , April 19th 1994

“The New World Order will have to be built from the bottom up rather than from the top down … but an end run on national sovereignty, eroding it piece by piece will accomplish much more than the old-fashioned frontal assault.” — Richard Gardner – Council on Foreign Relations Journal, April 1974, Page 558

Yes, there have been studies done and there has been a lot of speculation and conjecture as to who the shareholders actually are, but no one knows for sure. Put it this way, anyone who does know, isn’t saying. Deconstructing all the paper entities and their manifestations, who are the people? What do they stand for? Why don’t we know?

“While boasting of our noble deeds we’re careful to conceal the ugly fact that by an iniquitous money system we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery. – Horace Greeley Editor, New York Tribune

The people behind the curtain, the people who are making the decisions and issuing orders that shape the daily lives of every single American remain completely anonymous. How can this be?

These are the most powerful people on the planet. Don’t we deserve to know? It seems unfathomable that we don’t, or that no one has even asked on the people’s behalf.

“The few who understand the system, will either be so interested from it’s profits or so dependent on it’s favors, that there will be no opposition from that class.” — Rothschild Brothers of London, 1863

So why is it that there has never in modern history been a member of the US congress who has asked publicly who the anonymous people are who control our lives via a printing press and an unlimited bank account? Are they afraid they might lose their job? Or worse?

“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it”. – Congressman Louis T. McFadden, Chairman of the Committee on Banking and Currency (Louis T. McFadden was assassinated)

“Whoever controls the volume of money in our country is absolute master of all industry and commerce and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” President James A. Garfield – 20th President of the United States  1881: two weeks before he was assassinated

“The drive of the Rockefellers and their allies is to create a one-world government combining supercapitalism and Communism under the same tent, all under their control…. Do I mean conspiracy? Yes I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent.” Congressman Larry P. McDonald, 1976, killed in the Korean Airlines 747 that was shot down

Furthermore, the FED is not subject to an audit and they claim that doing so would somehow limit their ability to do their job. They claim that if the public knew who their mysterious international wire transfers in 2008 of US taxpayer money were distributed to it would “undermine confidence in the financial system”. I’m sure it would. The FED is the only financial entity in the world which claims immunity from an audit and gets away with it.

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it’s issuance.” – James Madison

Their job, by the way, is to “maintain price stability”.  Since their charter in 1913, the US dollar has lost approximately 95 percent of it’s value. Given a primary mission of maintaining price stability, history now shows an unequivocal, colossal failure of their primary stated mission.

Summarizing, we have an entity which:

  • is a private corporation created in absolute secrecy and owned by anonymous shareholders
  • has never been audited and claims immunity
  • has demonstrated a colossal failure of their primary mission
  • affects the daily lives and standard of living of every single American
  • have stated publicly that their last duty is to tell the public the truth
  • has presided over the absolute destruction of the middle class in America and the confiscation of their wealth

Am I the only person in America who thinks we deserve some answers? Why are our politicians so timid and fearful of the FED? Does it bother anyone else to listen to our self important bought and paid for buffoons we call congressmen compete with each other to see who can heap the most praise on an institution that has completely failed at it’s primary mission and bankrupted the people in the process?

“And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.” – Senator Dick Durbin 2009

Furthermore, in 2008 we were told that the FED and their affiliate banks were “too big to fail” and thus, their margin calls from speculation should be met by the people. If our lifespans were longer, we would recognize that as a trick which has already been used in the past to consolidate power and transfer wealth from the people, to themselves. When they win, they keep the profits. When they lose, you pay. This guarantees that ultimately, the FED and their global cabal [the syndicate Elders] will have all the money.

“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves” – Andrew Jackson, seventh President of the United States (1829–1837).

Could it possibly be that the FED along with their anonymous owners are the ones really in charge? It looks that way to me. After you have studied history, it isn’t much of a stretch.

“Give me control of a nation’s money and I care not who makes the laws” – Mayer Amschel Rothschild (1744-1812)

I will close with a quote from Thomas Jefferson. Follow the money.  Jefferson’s dark prognostication is coming to be fully realized here in 2010.

‘I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered..’ – – Thomas Jefferson – Third President of the United States and primary architect of the US Constitution

>visit American tent cities<


Footnotes/Further Research/Quotes:

organized crime definition – legal – n
A widespread group of professional criminals who rely on illegal activities as a way of life and whose activities are coordinated and controlled through some form of centralized syndicate.

15 Years Ago, the Combined Assets of the 6 Biggest Banks Totaled 17% of GDP… By 2006, 55% … Now, 63%
Monday, March 1, 2010
Address

The Federal Reserve Is A PRIVATELY OWNED Corporation
By Thomas D. Schauf
Address

Paupers In The Land Our Forefathers Conquered
A long time ago, in an America now far, far away, the majority of the American people owned the land that they live on.  The term “my land” actually meant something back then.  But today that has fundamentally changed.  Now the majority of the American people owe on the land that they live on.  In fact, most of them owe big money to the giant corporate banking interests that control the mortgage industry.  So how did the American people come to be debtors and paupers in the land that our forefathers conquered?
Address

List of Chairmen of the Federal Reserve
From Wikipedia, the free encyclopedia
Charles S. Hamlin, William P. G. Harding, Daniel R. Crissinger, Roy A. Young, Eugene Meyer, Eugene R. Black, Marriner S. Eccles, Thomas B. McCabe, William McChesney Martin, Jr., Arthur F. Burns, G. William Miller, Paul A. Volcker, Alan Greenspan, Ben Bernanke
Address

Money As Debt (1 of 5)
Address

Further Reading: Jekyll Island

Dear Lou Dobbs, Who Owns the Federal Reserve?
Address

Chart of who “owns” the Federal Reserve
Address

Ponzi scheme
From Wikipedia, the free encyclopedia
Address

G. Edward Griffin
The Creature from Jekyll Island
Address

Secrets of the Federal Reserve
Address

Who Owns and Controls the Federal Reserve?
by Dr. Edward Flaherty, University of Charleston
Address

Who Owns the Federal Reserve?
Address

The Federal Reserve Explains… The Federal Reserve In One Easy, Retard-Accessible Video
ZeroHedge
Address

Nobel Prize-Winning Economist: Federal Reserve System is Corrupt and Undermines Democracy
Joseph Stiglitz – former head economist at the International Monetary Fund (IMF) and a nobel-prize winner – said yesterday that the very structure of the Federal Reserve system is so fraught with conflicts that it is “corrupt” and undermines democracy.
Stiglitz said:
If we [i.e. the IMF] had seen a governance structure that corresponds to our Federal Reserve system, we would have been yelling and screaming and saying that country does not deserve any assistance, this is a corrupt governing structure.
Address

Depression USA: New York Tent City, Future of America
Address

How Goldman Sachs runs the world (Video)
Address

Goldman Sachs International

https://i2.wp.com/www.muckety.com/maps/5003259/Goldman-Sachs-International.png
Address

Paul M. Warburg

https://i0.wp.com/www.muckety.com/maps/168729/Paul-M-Warburg.png
Address

In Deception and Abuse at the Fed, Robert Auerbach, a former banking committee investigator, recounts major instances of Fed mismanagement and abuse of power that were exposed by Rep. Gonzalez, including:
* Blocking Congress and the public from holding powerful Fed officials accountable by falsely declaring–for 17 years–it had no transcripts of its meetings;
* Manipulating the stock and bond markets in 1994 under cover of a preemptive strike against inflation;
* Allowing 5.5 billion to be sent to Saddam Hussein from a small Atlanta branch of a foreign bank–the result of faulty bank examination practices by the Fed;
* Stonewalling Congressional investigations and misleading the Washington Post about the 6,300 found on the Watergate burglars.
address

Kuhn, Loeb & Co.
From Wikipedia, the free encyclopedia
Famous partners of the firm included Otto Kahn, Paul Warburg, Felix Warburg, Mortimer Schiff, Benjamin Buttenwieser, Lewis Strauss, Sigmund Warburg, founder of S.G. Warburg.
Address

Jacob Schiff
From Wikipedia, the free encyclopedia
Children: Mortimer Schiff; Frieda Warburg, née Schiff.
Address

Nelson W. Aldrich
From Wikipedia, the free encyclopedia
Nelson Wilmarth Aldrich (November 6, 1841 – April 16, 1915) was a prominent American politician and a leader of the Republican Party in the Senate, where he served from 1881 to 1911. Because of his impact on national politics and central position on the pivotal Senate Finance Committee, he was referred to by the press and public alike as the “General Manager of the Nation”, dominating all tariff and monetary policies in the first decade of the 20th century. In a career that spanned three decades, Aldrich helped to create an extensive system of tariffs that protected American factories and farms from foreign competition. He rebuilt the American financial system along Progressive lines through the institution of the federal income tax amendment and the Federal Reserve System. He claimed that this would lead to greater efficiency. Aldrich became wealthy with investments in street railroads, sugar, rubber and banking. His son Richard Steere Aldrich became a U.S. Representative, and his daughter, Abby, married John D. Rockefeller, Jr., the only son of John D. Rockefeller. Her son, Nelson Aldrich Rockefeller, served as Vice President of the United States under Gerald Ford.
Address

David Rockefeller
David Rockefeller, Sr. (born June 12, 1915) is an American and the current patriarch of the Rockefeller family. He is the youngest and only surviving child of John D. Rockefeller, Jr. and Abby Aldrich Rockefeller, and the only surviving grandchild of oil tycoon John D. Rockefeller, founder of Standard Oil. His five deceased siblings are: Abby, John D. III, Nelson, Laurance and Winthrop.
Address

“Some even believe we (Rockefeller family) are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure—one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.” -David Rockefeller, 2002 Autobiography

Paul Warburg
From Wikipedia, the free encyclopedia
Paul Moritz Warburg (August 10, 1868 – January 24, 1932) was a German-born American banker and early advocate of the U.S. Federal Reserve system.
Address

Felix M. Warburg
From Wikipedia, the free encyclopedia
Felix Moritz Warburg (1871 – 20 September 1937) was a member of the Warburg banking family of Hamburg, Germany. He was a grandson of Moses Marcus Warburg, one of the founders of the bank, M. M. Warburg (in 1798). Felix Warburg was a partner in Kuhn, Loeb & Co.. He is known as a leading advocate of a Federal Reserve System for the United States. He married Frieda Schiff, daughter of Jacob H. Schiff and Therese Loeb Schiff, in 1895. They had four sons, Frederick Marcus, Gerald Felix, Paul Felix and Edward Mortimer Morris
Address

Edmond James de Rothschild
From Wikipedia, the free encyclopedia
Address

James Mayer de Rothschild
From Wikipedia, the free encyclopedia
Address

Mayer Amschel Rothschild
From Wikipedia, the free encyclopedia
Address

Salomon Mayer von Rothschild
From Wikipedia, the free encyclopedia
Endogamy was an essential part of the Rothschild family’s strategy for future success in order to ensure that control of their businesses remained in family hands. Therefore, in 1824 Salomon Mayer Rothschild’s daughter Betty married her uncle James Mayer de Rothschild, head of the Paris bank.
Address

Warburg Pincus
From Wikipedia, the free encyclopedia
Address

S. G. Warburg & Co.
From Wikipedia, the free encyclopedia
S. G. Warburg & Co. was a London-based investment bank. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but it was acquired by Swiss Bank Corporation in 1995.
Address

Otto Hermann Kahn
From Wikipedia, the free encyclopedia
Address

Dominique Strauss-Kahn
From Wikipedia, the free encyclopedia
Address

International Monetary Fund
Address

68% Think the Fed is a Government Agency
I might be a little bit of a radical. Tonight I stepped out side my apartment and interacted with those around me. Here’s what I found out: 68% (72/106) of the people I spoke with in San Francisco believed that the Federal Reserve Bank is an agency of the government. The specific question I asked was “Is the Federal Reserve a private corporation or an agency of the government?
Address

“Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits”.- SIR JOSIAH STAMP, (President of the Bank of England in the 1920’s, the second richest man in Britain):

“The modern Banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and unmint the modern ledger-entry currency”.- MAJOR L .L. B. ANGUS

“We will have a world government whether you like it or not. The only question is whether that government will be achieved by conquest or consent.” James (son of Paul)  Warburg quotes ( Banker, Shareholder, Founder, US Federal Reserve, Founder Council on Foreign Relations  1896-1969 ) while speaking before the United States Senate,  February 17, 1950

“The drive of the Rockefellers and their allies is to create a one-world government combining supercapitalism and Communism under the same tent, all under their control…. Do I mean conspiracy? Yes I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent.” Congressman Larry P. McDonald, 1976, killed in the Korean Airlines 747 that was shot down

“Today, America would be outraged if U.N. troops entered Los Angeles to restore order. Tomorrow they will be grateful! This is especially true if they were told that there were an outside threat from beyond , whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by the World Government.” Dr. Henry Kissinger, Bilderberger Conference, Evians, France, 1991

“The real rulers in Washington are invisible, and exercise power from behind the scenes.” Supreme Court Justice Felix Frankfurter, 1952
Fifty men have run America, and thats a high figure.” Joseph Kennedy, father of JFK, in the July 26th, l936 issue of The New York Times.
“The Trilateral Commission is intended to be the vehicle for multinational consolidation of the commercial and banking interests by seizing control of the political government of the United States. The Trilateral Commission represents a skillful, coordinated effort to seize control and consolidate the four centers of power political, monetary, intellectual and ecclesiastical. What the Trilateral Commission intends is to create a worldwide economic power superior to the political governments of the nationstates involved. As managers and creators of the system, they will rule the future.” U.S. Senator Barry Goldwater in his l964 book: With No Apologies.
“Today the path of total dictatorship in the United States can be laid by strictly legal means, unseen and unheard by the Congress, the President, or the people. Outwardly we have a Constitutional government. We have operating within our government and political system, another body representing another form of government – a bureaucratic elite.” Senator William Jenner, 1954
The case for government by elites is irrefutable.” Senator William Fulbright, Former chairman of the US Senate Foreign Relations Committee, stated at a 1963 symposium entitled: The Elite and the Electorate – Is Government by the People Possible?

“We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order.”  David Rockefeller

“The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements, arrived at in frequent private meetings and conferences. The apex of the system was the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the worlds central banks which were themselves private corporations. The growth of financial capitalism made possible a centralization of world economic control and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups.” Tragedy and Hope: A History of The World in Our Time (Macmillan Company, 1966,) Professor Carroll Quigley of Georgetown University
“The Council on Foreign Relations is “the establishment.” Not only does it have influence and power in key decision-making positions at the highest levels of government to apply pressure from above, but it also announces and uses individuals and groups to bring pressure from below, to justify the high level decisions for converting the U.S. from a sovereign Constitutional Republic into a servile member state of a one-world dictatorship.” Former Congressman John Rarick 1971

“We are grateful to The Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the work is now much more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national autodetermination practiced in past centuries.” David Rockefeller, founder of the Trilateral Commission, in an address to a meeting of The Trilateral Commission, in June, 1991.

“People who will not turn a shovel full of dirt on the project (Muscle Shoals Dam) nor contribute a pound of material, will collect more money from the United States than will the People  who supply all the material and do all the work. This is the terrible thing about interest …But here is the point: If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest  sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People. If the currency issued by the People were no good, then the bonds would be no good, either. It is a terrible situation when the Government, to insure the National Wealth,  must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold. Interest is the invention of Satan”. – THOMAS A. EDISON

“Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States” – Sen. Barry Goldwater

“This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized….the worst legislative crime of the ages is perpetrated by this banking and currency bill.” – Charles A. Lindbergh, Sr. , 1913

“We are not going to achieve a new world order without paying for it in blood as well as in words and money.” Arthur Schlesinger, Jr., in Foreign Affairs (July/August 1995)

“For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure — one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”- David Rockefeller, “Memoirs” autobiography (2002, Random House publishers), page 405

“Some people think the Federal Reserve Banks are the United States government’s institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers” — Congressional Record 12595-12603 – Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years) June 10, 1932

“The New World Order cannot happen without U.S. participation, as we are the most significant single component. Yes, there will be a New World Order, and it will force the United States to change it’s perceptions.” — Henry Kissinger, World Affairs Council Press Conference, Regent Beverly Wilshire Hotel , April 19th 1994

“The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers” – Congressman Louis T. McFadden

“You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, will rout you out.” – Andrew Jackson

“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford

“The New World Order will have to be built from the bottom up rather than from the top down … but an end run on national sovereignty, eroding it piece by piece will accomplish much more than the old-fashioned frontal assault.” — Richard Gardner – Council on Foreign Relations Journal, April 1974, Page 558

“We are completely dependent on the commercial banks.  Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system…. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.” – Robert H. Hamphill, Atlanta Federal Reserve Bank

“The matter of a uniform discount rate was discussed and settled at Jekyll Island.”- Paul M. Warburg

“The real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state and nation. Like the octopus of real life, it operates under cover of a self created screen….At the head of this octopus are the Rockefeller Standard Oil interests and a small group of powerful banking houses generally referred to as international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both political parties.” — New York City Mayor John F. Hylan, 1922

“The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements, arrived at in frequent private meetings and conferences. The apex of the system was the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the worlds’ central banks which were themselves private corporations. The growth of financial capitalism made possible a centralization of world economic control and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups.” — “Tragedy and Hope: A History of The World in Our Time” (Macmillan Company, 1966,) Professor Carroll Quigley of Georgetown University

“The decrease in purchasing power incurred by holders of money due to inflation imparts gains to the issuers of money.” – St. Louis Federal Reserve Bank Review, Nov. 1975, p.22

Whoever controls the volume of money in any country is absolute master of all industry and commerce.” – James A. Garfield

“If, however, a government refrains from regulations and allows matters to take their course,  essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer.”John Maynard Keynes, The Economic Consequences of the Peace 1920, page 240

“When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.” – Frederic Bastiat, The Law

“The Council on Foreign Relations is “the establishment.” Not only does it have influence and power in key decision-making positions at the highest levels of government to apply pressure from above, but it also announces and uses individuals and groups to bring pressure from below, to justify the high level decisions for converting the U.S. from a sovereign Constitutional Republic into a servile member state of a one-world dictatorship.”– Former Congressman John Rarick 1971

“Those who create and issue money and credit direct the policies of government and hold in the hollow of their hands the destiny of the people.” – Rt. Hon. Reginald McKenna, former Chancellor of Exchequer, England

“In the next century, nations, as we know it, will be obsolete. All states will recognize a single global authority.” — Strobe Talbott – Deputy Secretary of State under Bill Clinton.   Time Magazine, July 20th, 1992

“With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.” – Friedrich A. Hayek (1899-1992) Austrian Economist, Author and 1974 Nobel Prize-Winner for Economics

“All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.” – John Adams

“The dirty little secret is that both houses of congress are irrelevant. America’s domestic policy is now being run by Alan Greenspan and the Federal Reserve. America’s foreign policy is now being run by the International Monetary Fund. When the President decides to go to war, he no longer needs a declaration of war from congress. — Robert Reich – Advisor to President Clinton.   USA Today, January 7th, 1999

“Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back.” – Sir Josiah Stamp, former President, Bank of England

“A power has risen up in the government greater than the people themselves, consisting of many and various powerful interest, combined in one mass; and held together by the cohesive power of the vast surplus in banks.” – John C. Calhoun, Speech 5/27/1836

“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.” – Money: Whence it came, where it went – 1975, p15 John Kenneth Galbraith

“The goal should be to redefine sovereignty for the era of globalisation, to find a balance between a world of fully sovereign states and an international system of either world government or anarchy.
— Richard N. Haass, President, Council on Foreign Relations, February 17, 2006

“Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . .  Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.” – John Maynard Keynes, The Economic Consequences of the Peace 1920, page 235ff

“Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.” – George Washington, in letter to J. Bowen, Rhode Island, Jan. 9, 1787

Rising prices of precious metals and other commodities are an indication of a very early stage of an endeavor to move away from paper currencies…What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment. -Alan Greenspan, 9 Sep 2009

Filed Under: FED, Federal Reserve, money, finance, currency, shareholders, banking, Jekyll Island, Organized Crime, Oligarchy, New World Order

Goldman Sachs Eats Its Young
by Keith Johnson
This should be a lesson to all those young, aggressive, upwardly mobile Wall Street wannabes who think they are somehow going to fast track their way into the stratosphere of high finance. Sorry, kids!  There’s no room left at the top, and soon you’re going to see even those old money families tearing each other apart for what’s left of a collapsing fiat money system that has just about run its course.
Address

The Financial Oligarchy in the US
21 April 2010
Jesse’s Café Américain
BILL MOYERS: And you say that these this oligarchy consists of six megabanks. What are the six banks?
JAMES KWAK: They are Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo.
BILL MOYERS: And you write that they control 60 percent of our gross national product?
JAMES KWAK: They have assets equivalent to 60 percent of our gross national product. And to put this in perspective, in the mid-1990s, these six banks or their predecessors, since there have been a lot of mergers, had less than 20 percent. Their assets were less than 20 percent of the gross national product.
BILL MOYERS: And what’s the threat from an oligarchy of this size and scale?
SIMON JOHNSON: They can distort the system, Bill. They can change the rules of the game to favor themselves. And unfortunately, the way it works in modern finance is when the rules favor you, you go out and you take a lot of risk. And you blow up from time to time, because it’s not your problem. When it blows up, it’s the taxpayer and it’s the government that has to sort it out.
BILL MOYERS: So, you’re not kidding when you say it’s an oligarchy?
JAMES KWAK: Exactly.
Address

MSNBC Dylan Ratigan video: Federal Reserve is the greatest con and cover-up in US history
April 12, 2010
Address

Andrew Jackson, Farewell Address, March 4, 1837
Address

The Federal Reserve Cartel: The Eight Families
by Dean Henderson
Global Research, June 1, 2011

80% ownership of the New York Federal Reserve Bank- by far the most powerful Fed branch- by just eight families, four of which reside in the US.  They are the Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London; the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome.address


the left vs right smokescreen

February 19, 2010 14 comments

By Uncle Albert
2.19.2010
EarthBlog News©
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Why are 300 million individuals being conveniently divided into two divisive black and white categories that don’t fit the majority of people to begin with?

“Left” vs “Right”,  “Liberal” versus “Conservative”.  This  simple minded paradigm is involuntarily hoisted on Americans by the corporate media while at the same time both parties have sold out the population to the multinational corporations, banks and special interests who run Washington D.C.  To think that every American can be divided into one of two simple categories represents a mass delusion concocted and promoted by the media solely for the purpose of distraction and avoidance of discussing real issues that affect all Americans while the country is looted and power is consolidated.

The fact is that most people may simultaneously hold so called “left” or “right” views depending on any one particular issue. Furthermore, many of the most important and pressing issues in America today are neither “left”, or “right” issues but common issues for every citizen in America and yet Americans are coerced into this stupid binary dance every day, detached from the reality that they are all are being used to divide and conquer the nation. Americans  like well trained seals myopically  beat their liberal/conservative drum of futile self -righteous indignation, while the country has been stolen out from under the people.  It’s pathetic. You are being used.

Now is the part where you, the reader, are supposed to start getting it….

The vast majority of Americans are centrists in the sense that they hold views that are not extreme.  Division among left and right stems from a period when the Republican party favored small limited government and the Democrats favored big government. Now however, both parties represent the latter wrapped in a top down globalist agenda. The President de jour is a political puppet…a bus driver…a mascott…doing what he’s told by the international money interests.

Today there is effectively one party in America and they are all corporatists. Politicians are  loyal only to the money which put them there and keeps them there. The rhetoric may still differ to a tone deaf and disinformed population, but the actions of both parties are virtually identical. The one thing they do have in common is that neither party represents the will of the people. Instead, they represent the will of the corporations and special interests who bought and paid for their votes on all important issues in advance.

There are many important issues that never even make it into public discourse. Issues that do not fit left or right, like a government that has now been in the longest war in US history in the black hole of Afghanistan. Like a Government that is unable to end a war of choice in Iraq where there they have built a US “Embassy” so large it can be seen from outer space. This at the same time as 10 percent of the population have been reduced to subsisting on food stamps, the real unemployment rate is over 20 percent, there are tent cities across America, and people are living in their cars. According to a recent poll, only 21 percent of the American people believe the government has the authority to govern. Is the collapse of US industry and manufacturing a left or right issue? The US doesn’t make anything any more, the industry and the housing are owned by the banking system and the government,  and in the smokescreen their media will all bounce back and forth between blaming the “left” or the “right” for all of this.

Go Ahead, Argue Away, Serfs

Americans are sitting on the couch with their chips and beer while Washington and the Pentagon have bankrupted the treasury and sent our sons and daughters into the meat grinders Iraq and Afghanistan for WMD’s and connections to 9/11 that did not exist.  Even after overwhelming evidence that the pro war propaganda was manufactured, the serfs keep buying into the brain dead notion that somehow, these wars are for the freedom of America.

The fact is that your childrens blood is being used to grease a corrupt, out of control, now bankrupt empire in wars of conquest. Your money, financial security and your future has been devoured by Wall St. and the Federal Reserve, with collusion from the corrupt cretins who claim to be the people’s representatives. Your standard of living is rapidly eroding into a kings and serfs society as the middle class is becoming extinct. The people? The people don’t have much to say about it because they are apparently too busy arguing among themselves. How convenient for the select few who own Washington and the media and have consolidated all the wealth.

The majority of American people want the government to take care of the roads, maintain the state parks, provide good schools, etc. and otherwise stay out of the way so they can live their lives and pursue happiness. Neither party represents that today. Both parties represent big government, big spending, big favors for the money interests and disregard for the people they are ostensibly representing. “Left vs right”  is merely a convenient tool for the elite to keep people arguing among themselves and to avoid discussing the real issues like a corporatist takeover of the political body.  If there was any truth in advertising, the two political divisions would be “the people” (99.9 percent of the population) and “the elite” (0.1 percent of the population).

The parties today stand for nothing except moral bankruptcy, empty promises and no accountability. They represent self importance, patronizing, greed, corruption and malfeasance. Both political parties today regardless of what they call themselves, do not represent any interests except the interests who have bought and paid for their votes in advance.

Any U.S. politician today who doesn’t kowtow to the money interests, bankers, and globalists  is promptly assassinated by their corporate media, wholly owned and controlled by those interests.

Democrats? Republicans? Wake up. This is a one party system in drag. The political body all the way up to and including the President dance like puppets for the Straussian elitist, globalist, corporate agenda. As a result America is rapidly turning into a kings and serfs society where the one thing the people DO have in common is no voice.

No one is paying any attention to what is really going on, because it’s all supposed to come down to left vs right in a grand smokescreen which obscures the real issues. The fact is that we have had left and right in power for the past decade and the only thing they have in common is wanton disregard for the will and interests of the people. Instead the political body is consumed and controlled by the 0.1 percent who control the money. The corporate media ensures that people are arguing among themselves while the theft of the people’s wealth happens right out in the open.

“And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.” – Senator Dick Durbin 2009

So this leads to an interesting predicament, where the real issues like the country being indebted to a point where there future labor is all spoken for and then some are not debated or discussed in a serious way. The elimination of the middle class in America..this is not a left or right issue, this is an issue of wealth transfer from the citizens to the elite. All the important issues are banned because the people who are controlling this thing some people still refer to as a democracy or a republic want it to be banned.

The people are supposed to be arguing among themselves about left vs right and looking in caves for Osama Bin Hiding, while the oligarchs have their way and loot your country. There is no middle class in America today. The wealth has been transferred from the people to the oligarchs, in a sophisticated shell game where the money disappeared from the people’s savings, and that money was re created on behalf of the people and given out to guess who?

Not you.

So the left vs right issue in America is a smokescreen for a herd of voiceless dumbbells who are told what they are supposed to believe by six people who control 96 percent of the media that americans consume. The same people who go to davos to consort with the people who are charging you 30 percent interest on your credit card and giving you 1 percent on your savings. The same people who have lobbied your representative to sell poison as food. How nitwitted does anyone need to be to go along with that?  If that sounds extreme then what about this, and this.

Tea Party? A Tea Party for Forrest Gump maybe. Your Tea Party will be sponsored by guess who? The same people who control all the other politicians votes on everything.

In the category of things I am sad to say…

I’m sad to say that the people have been had. Go ahead and argue about (some dumb thing) while your future and your childrens future has already been confiscated by the remaining big money interests who control everything. There is actually a dictionary term for this and it isn’t conspiracy theory, it’s absolute corruption.  There is no way to get rid of it.  It has to fail on it’s own. It is in the process of doing so now.

Already today according to recent polls, only 8 percent of Americans believe they have any representation at all, and yet at the same time find themselves powerless affect change. The last candidate was promoted with a clever platform of change. The next puppet candidate put forth by the people who control all the money and power is going to need a new slogan. I would suggest…

You are screwed.

In this case, the US has 120 trillion or so in obligations on 2 trillion or so in current income. There’s a word for that which is called bankrupt. Caveat Emptor.

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“If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be” – Thomas Jefferson

Edit: Add

Only 21% Say U.S. Government Has Consent of the Governed

Elizabeth Warren: Why Washington Is Not Reforming the Financial System

Poll: Majority in US Oppose Both Wars

Few Want Members of Congress Re-Elected, Poll Finds

Zogby Poll: 51% of Americans Want Congress to Probe Bush/Cheney Regarding 9/11 Attacks; Over 30% Seek Immediate Impeachment

Vote Fraud 2004: How Ohio was “Delivered” to Bush

Obama Approval Index History

15 Years Ago, the Combined Assets of the 6 Biggest Banks Totaled 17% of GDP… By 2006, 55% … Now, 63%

ECONned (Kindle Edition)
“The result has been a massive transfer of wealth, with its centerpiece the greatest theft from the public purse in history. This campaign has been far too consistent and calculated to brand it with the traditional label, “spin”. This manipulation of public perception can only be called propaganda. Only when we, the public, are able to call the underlying realities by their proper names—extortion, capture, looting, propaganda—can we begin to root them out.” – Yves Smith, ECONned
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Rasmussen: Mere 4% Support Establishment Political Class
Rasmussen Reports
April 14, 2010
Sixty-five percent (65%) of voters nationwide now hold populist, or Mainstream, views of government. That’s up from 62% last September and 55% last March. Mainstream Americans tend to trust the wisdom of the crowd more than their political leaders and are skeptical of both big government and big business (see crosstabs). While Republicans and unaffiliated voters are more likely to hold Mainstream views than Democrats, a majority of those in the president’s party (51%) hold such views. Only four percent (4%) now support the Political Class. These voters tend to trust political leaders more than the public at large and are far less skeptical about government.
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Radical Concentration of Wealth is Destroying Both Capitalism and Democracy

Sunday, April 11, 2010
George Washington’s Blog
Note: If you wish, feel free to substitute the word “republic” for “democracy”.
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Bilderberg Agenda Revealed: Globalists In Crisis, Supportive Of Attack On Iran
Global government, carbon tax agenda failing, but majority of elitists in favor of air strikes on Iran
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Bilderberg Wants Americans Disarmed And Dependent On Government
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Former Nato Secretary-General Admits Bilderberg Sets Global Policy
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Bilderberg Meetings
The 58th Bilderberg Meeting will be held in Sitges, Spain 3 – 6 June 2010. The Conference will deal mainly with Financial Reform, Security, Cyber Technology, Energy, Pakistan, Afghanistan, World Food Problem, Global Cooling, Social Networking, Medical Science, EU-US relations. Approximately 130 participants will attend of whom about two-thirds come from Europe and the balance from North America. About one-third is from government and politics, and two-thirds are from finance, industry, labor, education, and communications. The meeting is private in order to encourage frank and open discussion.
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Bilderberg See People With Income As “A Threat” To Their Agenda

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Secretive Bilderberg Club ready for protests
June 3, 2010
Graham Keeley, Barcelona
Splash! Could that be the sound of Lord Mandelson hitting one of the Dolce hotel’s four pools? Or Robert Zoellick of the World Bank? Paul Volcker of the US Economic Recovery Advisory Board? Or merely the euro taking another dive? That is the thing about the Bilderberg group’s top secret meetings: you never know quite what is going on behind the police checkpoints. Across the world, secretaries to the rich and the powerful have blocked out the next three days in their bosses’ calendars for their annual gathering, this time at the Dolce in Sitges, one of Spain’s most exclusive resorts.
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US attendees at ‘world government’ meeting may be breaking law: activists

– Roguegovernment.com
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The Federal Reserve Has Been Abusing Derivatives Since 1999
by Eric deCarbonnel
Wednesday, May 19, 2010
The Federal Reserve reports that Minutes of the Federal Open Market Committee Meeting on June 24-25, 2003.
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Exposing the Bilderbergers: Photos from Spain

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