Showing posts with label international banking. Show all posts
Showing posts with label international banking. Show all posts

Friday, August 24, 2012

Customer Deposits Are Property of the Bank: Close Your Account NOW

By Susanne Posel - heintelhub.com - August 24, 2012 – h/t to MJ

In June of 2012, Eric Bloom, former chief executive, and Charles Mosely, head trader of Sentinel Management Group (SMG) were indicted for stealing $500 million in customer secured funds.

Both Mosely and Bloom were accused of “exposing” customer segregated funds “to a portfolio of highly risky derivatives.”

These customer funds were used to “back up personal investments” which were part of “collateral for a loan from Bank of New York Mellon” (BNYM).

This loan derived from stolen customer monies was “used to purchase millions of dollars worth of high-risk, illiquid securities, including collateralized debt obligations, or CDOs, for a trading portfolio that benefited Sentinel’s officers, including Mosley, Bloom and certain Bloom family members.”

Fast forward to August 9th of 2012, and the 7th Circuit Court of Appeals (CCA) rules that BNYM can be moved to first in line of creditors over the customers that had their funds stolen by SMG.

When a banking customer deposits their money into their bank account, the Federal Deposit Insurance Corporation (FDIC) and Securities Investor Protection Corporation (SPIC) are in place to protect the customer from fraud or theft.

The ruling from the CCA means that these regulatory systems will not insure customer funds, investments, depositors and retirees who hold accounts in banks.

In fact, the banking institution is now legally allowed to use those customer funds deposited as collateral, payment on debts for loans made, or free use on the stock market to purchase investments as the bank sees fit.

Fred Grede, SMG trustee, explained that brokers are no longer required to keep customer money separate from their own. “It does not bode well for the protection of customer funds.”

Since the ruling gives banks the right to co-mingle customer funds with their own, no crime can be committed for the use of customer deposited monies.

According to Walker Todd , former lawyer for the Federal Reserve Bank of New York and Cleveland:

“Basically, there is a new 7th Circuit opinion saying that there is no reason to impose a constructive trust on a lender’s takings of customers’ funds from client commodity firms that were used (inappropriately) to secure the firms’ borrowings, as long as the lender can say that it did not know WITH CERTAINTY that customers’ funds were being repledged. Negligence and misappropriation (vs. knowing criminal intent) are now a sufficient excuse for letting the lender keep the money and go to the head of the line for distributions in bankruptcies of the client commodity firms.”

When a customer deposits money into a bank, the bank essentially issues a promise to have those funds available when the customer returns to withdraw the deposited amount.

When the same customer withdraws funds from their account (whether checking or savings) the customer assumes that the bank has enough funds to cover their withdrawal; including the presumption that their monies are separate from the bank’s assets.

Now, those funds are up for grabs by the bank at their discretion without explanation to the customer – nor is the bank obligated to recoup the customer should they “lose” those funds due to bad loans, bankruptcy or stock market loss.

In Texas, Pamela Cobb, manager of Bank of America (BoA), stole an estimated $2 million from customer funds for personal use. Cobb had been taking customer segregated funds since 2002.

Customers have complained of fraudulent charges placed on their accounts that BoA cannot explain. When the customer brings these charges to the in-house fraud department, they are given the run-around until they acquiesce.

Other customers have had their private possessions stolen right out of their safety deposit box held at BoA. The safety deposit box was drilled into and the contents shipped to the BoA corporate holding center in South Carolina.

In 1992 to 2003, Citibank called their theft of customer funds “account sweeping” wherein they stole more than $14 million from customers nationally.

Using computerized credit card processes to remove positive and negative balances from customers, the scheme included double payments or funds paid out on returned purchases that were then attributed back to the customer.

At Chase bank, an anonymous employee opened an account under a customer name (targeting an Alzheimer’s sufferer), complete with a personal debit card.

An estimated $300 per day was withdrawn on the fraudulent account. When family representing the victim alerted Chase, they brushed them off with an internal investigation claim – even as the family sought legal action.

Banking fraud against the elderly has risen of late, since banks realize they can steal massive amounts of cash from their aging customers with little to no repercussions.

The recent ruling on SMG has given the banking industry the legal backing they have been lacking when stealing from their customers.

Our financial institutions have been planning for a financial collapse wherein the US government will not offer assistance.

The resolution plans required by the Federal Reserve Bank, described schemes to have the major domestic banks remain afloat by selling off assets, finding alternative sources of funding, reducing risky measures that make a quick buck. These strategies were to be perfected with “no assumption of extraordinary support from the public sector.”

The mega-banks, through Wall Street, are also acquiring firearms, ammunition and control over private mercenary corporations like DynCorp and ‘Blackwater” as authorized by the Department of Defense (DoD) directive 3025.18 .

DynCorp is a military-based private mercenary contractor that provides (among other services) intelligence training and support, international security, contingency plans and operations. Ninety-six percent of their funding is based on annual revenues from the US federal government.

The international branch of DynCorp has operated as a “police force” even assisting local law enforcement during Hurricane Katrina.

Named as investors for the amassing of gun and ammunition manufacturers are Citibank, BoA, Barclays and Deutsche Bank who are pouring money into Cerebus and Veritas Equity who have taken over private corporations involved in the controlling riot situations.

The Federal Reserve Bank, one of the heads of banking cartels, has their own police force which operates as a protective security for the Fed against the American public.

As part of the Federal Reserve Act signed in 1913, the designation of a Federal Law Enforcement – special police officers that are exclusively regulated by authority of the Fed (whether in uniform or plain clothes.

These specialized police officers (who train with Special Response Teams) can work in tandem with local law enforcement or US federal agencies. These officers are heavily armed with semi-automatic pistols, sub machine guns and assault rifles as well as body armor.

Of recent, when withdrawing cash from an ATM, the daily allotted amount has decreased with some banks, thereby forcing the customer to go into the branch and extract the difference with a teller.

At this point, according to anonymous informants, the customer is taken into a backroom to be questioned as to why they want the cash, what they are purchasing with the cash, why they are not choosing to use a debit card or another form of digital trade to make the purchase. These questions are not only intrusive, they are illegal.

Some anonymous sources have said that banking representatives who conduct the integrations are directed to keep a record of customer responses on an online application that will be sent to the FBI in conjunction with Patriot Act mandates on tracking banking activity.

Customer funds are no longer secure, no longer backed by the FDIC or other insurance corporations, and banks are legally allowed to co-mingled customer money with other funds of the bank. The only safe place for your money is with you.

Now is the time to close your bank account.

Susanne Posel is the Chief Editor of Occupy Corporatism Our alternative news site is dedicated to reporting the news as it actually happens; not as it is spun by the corporate-funded mainstream media. You can find us on our Facebook page.

Related:

Saturday, December 3, 2011

Have You Heard About The 16 Trillion Dollar Bailout The Federal Reserve Handed To The Too Big To Fail Banks?

The Daily Show With Jon Stewart Mon - Thurs 11p / 10c
America's Next TARP Model
www.thedailyshow.com
Daily Show Full Episodes Political Humor & Satire Blog The Daily Show on Facebook

Video:  America’s Next TARP Model – with Jon Stewart on the Daily Show

What you are about to read should absolutely astound you. During the last financial crisis, the Federal Reserve secretly conducted the biggest bailout in the history of the world, and the Fed fought in court for several years to keep it a secret.

Do you remember the TARP bailout? The American people were absolutely outraged that the federal government spent 700 billion dollars bailing out the "too big to fail" banks. Well, that bailout was pocket change compared to what the Federal Reserve did. As you will see documented below, the Federal Reserve actually handed more than 16 trillion dollars in nearly interest-free money to the "too big to fail" banks between 2007 and 2010. So have you heard about this on the nightly news? Probably not. Lately Bloomberg has been reporting on some of this, but even they are not giving people the whole picture. The American people need to be told about this 16 trillion dollar bailout, because it is a perfect example of why the Federal Reserve needs to be shut down. The Federal Reserve has been actively picking "winners" and "losers" in the financial system, and it turns out that the "friends" of the Fed always get bailed out and always end up among the "winners". This is not how a free market system is supposed to work.

According to the limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the grand total of all the secret bailouts conducted by the Federal Reserve during the last financial crisis comes to a whopping $16.1 trillion.

That is an astonishing amount of money.

Keep in mind that the GDP of the United States for the entire year of 2010 was only 14.58 trillion dollars.

The total U.S. national debt is only a bit above 15 trillion dollars right now.

So 16 trillion dollars is an almost inconceivable amount of money.

But some other dollar figures have been thrown around lately regarding these secret Federal Reserve bailouts. Let's take a look at them and see what they mean.

$1.2 Trillion

A recent Bloomberg article made the following statement....

The $1.2 trillion peak on Dec. 5, 2008 -- the combined outstanding balance under the seven programs tallied by Bloomberg -- was almost three times the size of the U.S. federal budget deficit that year and more than the total earnings of all federally insured banks in the U.S. for the decade through 2010, according to data compiled by Bloomberg.

The $1.2 trillion figure represents the peak outstanding balance on these loans, not the total amount of all the loans. On December 5, 2008 the "too big to fail" banks owed this much money to the Federal Reserve. Many of them could not pay these short-term loans back right away and had to keep rolling them over time after time. Each time a short-term loan got rolled over that represented a new loan.

$7.7 Trillion

Bloomberg is reporting that the Federal Reserve had made a total of $7.77 trillion in financial commitments to the big banks by the end of March 2009....

Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year.

But as mentioned above, a one-time limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act covered an even broader time period and revealed even more bailout loans.

According to the GAO audit, $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010. The following list of firms and the amount of money that they received was taken directly from page 131 of the GAO audit report....

Citigroup - $2.513 trillion
Morgan Stanley - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America - $1.344 trillion
Barclays PLC - $868 billion
Bear Sterns - $853 billion
Goldman Sachs - $814 billion
Royal Bank of Scotland - $541 billion
JP Morgan Chase - $391 billion
Deutsche Bank - $354 billion
UBS - $287 billion
Credit Suisse - $262 billion
Lehman Brothers - $183 billion
Bank of Scotland - $181 billion
BNP Paribas - $175 billion
Wells Fargo - $159 billion
Dexia - $159 billion
Wachovia - $142 billion
Dresdner Bank - $135 billion
Societe Generale - $124 billion
"All Other Borrowers" - $2.639 trillion

This report was made available to all the members of Congress, but most of them have been totally silent about it. One of the only members of Congress that has said something has been U.S. Senator Bernie Sanders.

The following is an excerpt from a statement about this audit that was taken from the official website of Senator Sanders....

"As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world"

So where is everyone else?

Why aren't leading Republicans and leading Democrats crying bloody murder over this report?

This scandal should have been front page news for months when it was revealed.

But it wasn't.

And Guess what?

Not only did the Federal Reserve give 16.1 trillion dollars in nearly interest-free loans to the "too big to fail" banks, the Fed also paid them over 600 million dollars to help run the emergency lending program. According to the GAO, the Federal Reserve shelled out an astounding $659.4 million in "fees" to the very financial institutions which caused the financial crisis in the first place.

In addition, it turns out that trillions of dollars of this bailout money actually went overseas. According to the GAO audit, approximately $3.08 trillion went to foreign banks in Europe and in Asia.

So why were our dollars being used to bail out foreign banks while tens of millions of American families were deeply suffering?

That is a very good question.

Also, it is important to remember that many of these bailout loans were made at below market interest rates, and this enabled many of these financial institutions to rake in huge profits.

According to a recent Bloomberg article, the big banks brought in an estimated $13 billion by taking advantage of the Fed’s below-market rates....

While the Fed’s last-resort lending programs generally charge above-market interest rates to deter routine borrowing, that practice sometimes flipped during the crisis. On Oct. 20, 2008, for example, the central bank agreed to make $113.3 billion of 28-day loans through its Term Auction Facility at a rate of 1.1 percent, according to a press release at the time.

The rate was less than a third of the 3.8 percent that banks were charging each other to make one-month loans on that day. Bank of America and Wachovia Corp. each got $15 billion of the 1.1 percent TAF loans, followed by Royal Bank of Scotland’s RBS Citizens NA unit with $10 billion, Fed data show.

So once the financial crisis was over, were adjustments made to the financial system to make sure that this type of thing would never happen again?

Of course not.

Today, the "too big to fail" banks are larger than ever. The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and September 30, 2011.

So now they are more "too big to fail" than ever.

But this is what happens when we allow unelected central bank bureaucrats to run our financial system.

Most Americans do not realize this, but the truth is that the Federal Reserve is not part of the government. In fact, it is about as "federal" as Federal Express is. The Federal Reserve has admitted that they are a privately owned institution in court many times, and you can see video of a Federal Reserve employee admitting that the Federal Reserve is privately owned right here.

The Federal Reserve is an out of control monster that is throwing around trillions of dollars whenever it wants to. Nobody should be allowed to do this. Nobody should be allowed to give bailouts to banks and corporations without the express permission of the U.S. Congress and the president of the United States.

This is a point that I made in my article yesterday. The Federal Reserve decided this week that it is going to provide "liquidity support" to Europe. If the American people do not like this move, that is just too bad. We do not get a say in the matter.

Are you starting to understand why I keep pushing the idea that it is time to shut down the Federal Reserve?

Please share this information about the secret 16 trillion dollar Federal Reserve bailout with your family and your friends.

If we can get enough people to wake up, perhaps there is still time to change the direction that this country is headed.

From the Economic Collapse Blog

Video: The Fed Grants $7.77 Trillion in Secret Bank Loan - Now Do You Understand Occupy Wall Street?

Kucinich bill seeks to end the Federal Reserve:

Kucinich bill seeks to end the Federal Reserve!
http://www.godlikeproductions.com/forum1/message1718844/pg1
Kucinich bill seeks to end the Federal Reserve
http://www.rawstory.com/rs/2011/12/01/kucinich-bill-seeks-to-end-the-federal-reserve/

Related:

WHAT THE HELL? The U.S. Secretly loaned 7.7 TRILLION To Banks Without Interest. Then Borrowed Back WITH Interest
http://www.godlikeproductions.com/forum1/message1718942/pg1

America's Next TARP Model
http://www.thedailyshow.com/watch/thu-december-1-2011/america-s-next-tarp-model

A Bloomberg report reveals that the U.S. government loaned banks $7.7 trillion in secret bailout funds at no interest and then borrowed the money back at interest.
Bloomberg reports 7.7 trillion in loans to big banks and Wall Street
http://reading-sage.blogspot.com/2011/11/bloomberg-reports-77-trillion-in-loans.html?m=1pg1

h/t to Jean Stoner

Monday, June 13, 2011

BILDERBERG WEEK WRAP UP: SWITZERLAND POLITICIANS DISRUPT BILDERBERG MEETING WITH ARREST KISSINGER!!

Swiss politician Lukas Reimann went on Alex Jone’s show and said the Swiss People's Party opposes the IMF, the World Bank, and the Bilderberg Group. Reimann plans to march to the gates of Bilderberg with Baettig and other Canton leaders.  The Swiss People's Party is the largest party in the Federal Assembly, with 58 members of the National Council and 6 of the Council of States.

Read Update Swiss Politicians to March on Bilderberg Meeting, Demand Arrest of Kissinger and see this Video: Swiss Politician Lukas Reimann: Swiss People Oppose, IMF, World Bank and The Bilderberg Group!

You sure don’t hear this on MSM!!  Where are our politicians?   Why don’t they have the guts to do this?  Our politician just ignore these meeting.

Video:  Interview with Swiss Politician Dominique Baettig (High Quality)

HERE ARE THE BILDERGERGS STROLLING THROUGH THE GARDENS

ARTICLES AND VIDEOS.

http://www.infowars.com/bilderberg-members-confronted-by-protesters-outside-hotel/

BUT HERE THEY ARE CONFRONTED BY PROTESTERS.  BOTH ARTICLES AND VIDEOS

HERE ARE SEVERAL SECURITY REPORTS FROM THE BILDERGERG MEETING,  INCLUDING HIRING MALE PROSTITUTES ETC

HERE ARE MEMBERS LISTED BY COUNTRIES, PLUS SOME ADDITIONS LIKE BILL GATES. . AND ROBERT GATES… AND GOOGLE CEO ETC, ALSO ANGEL MERKEO, CHANCELLOR OF GERMANY AND FORMER PM OF SPAIN…WHO WEREN’T ON THE ORIGINAL LIST. .   ALL THESE UPLOADED TWO DAYS AGO

Related: (As U.S. focuses on WeinerGate… Bilderberg Conference Decides Future of World)

Awareness of Bilderberg Cabal Explodes in 2011

Bilderberg Behind Rick Perry 2012 Run

Bilderberg Texas Governor Orders DTF Vaccines for All Girls  - Bypassing Voters with EO for Law… Like Obama? (Rick Perry Supported Gore in 1988… Think about it!)

Bilderberg Security Assaults EU Members of Parliament

Biggest Bank in France Has Suddenly Cut ATM Card Access to Cash in Half and People are Freaking Out! -  Coincidence that it is the same week as Bilderberg conference in Switzerland?

More Bilderberg Week Including Agenda 21 Updates

Breaking:  Secret Bilderberg Agenda Leaked by Mole

Bilderberg Conference 2011 Update and More… InfoWars 

UPDATED TOPICS: 6-10-2011 Bilderberg Meeting:  Comet Elenin (or ELEnin Brown Dwarf Star), Solar Flares, Earthquakes, Tornadoes, Underground Cities.  Coincidentally???: (Video) NASA Emails ALL Employees Today to PREPARE! June 10, 2011

Video:  AFP Mark Anderson on Final Day at Bilderberg 2011  -  Attention and protests cause Bilderbergers to leave early…  Keep up the pressure.  Light on their meetings and agenda could spell their end.

Background Resources:

Council on Foreign Relations

Review:  The True Story of the Bilderberg Group

The True Story of the Bilderberg Group...

The Creature from Jekyll Island

Bilderberg People: Elite Power and Consensus in World Affairs

"People who know nothing, are closer to the truth than those whose minds are filled with falsehoods and errors"

h/t to Claudia Johnson

Sunday, June 12, 2011

The Biggest Bank in France Has Suddenly Cut ATM Card Access to Cash in Half and People are Freaking Out!

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http://www.jovanovic.com/blog.htm

I just got off the phone with Pierre Jananovic . . . La Banque Postale has lowered the limits on the amounts of cash customers can withdraw per week by 50%. First of all, for you Americans and Brits, the way France works its banking system – customers are limited to how much they can withdraw per week from their accts no matter what the balance. Now what has happened here is that Gold card members – who could take out 3,000 euros a week – are now limited to 1,500 a week. This was sudden, without warning, and people here in France are freaking out. Pierre tells me that its the first clear sign that liquidity in the European banking system is drying up.

http://maxkeiser.com/2011/06/07/the-biggest-bank-in-france-has-atm-card-access-to-cash-in-half/

If you remember we warned about this happening  here in the U.S. (sometimes it really stinks to be right!)

(Reprint below)

And is it a coincidence that this is happening just as the big Bilderberg conference in St. Moritz is closing? 

 

Is An ATM Cash Shortage Coming?

Submitted by Tyler Durden on 11/08/2010 11:35 -0500

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Image: Betsy Fletcher

While we have no way to confirm or refute the validity of this statement presented by a supposed ATM business insider on Steve Quayle.com, it does bring up an interesting point regarding how banks may be conserving "petty cash." Of course, if this perspective is true, it validates concerns about bank capitalization, and explains the reason why the FDIC recently expanded insurance on checking accounts from $250,000 to infinity in an attempt to get Americans to put their money in their friendly neighborhood bank. Of course, that this contradicts everything that the Fed Chairman is trying to do by getting Americans to spend (or buy Netflix at a 1,000 P/E) instead of putting the money in the bank, is precisely the reason why Sheila Bair's relationship with Geithner and Bernanke is, shall we say, tenuous.

From Steve Quayle (who may or may not have properly attributed the original article on Urban Survival).

"George, I work with a business partner in the [region redacted] . We have combined between us 180 ATM machines that we service, Cash Load. In order to do this we NEED to order the money, 20's only from several banks on a weekly basis. This is a considerable amount weekly, 380k plus. Here is the interesting piece that is developing: In the past several weeks 4 of the MAJOR banks have informed us that they can no longer provide us with the cash for our business. Now the problem is that it is OUR money we are taking out!

So speaking with bank "personnel" on the side my question was this, what is going on? how come we cannot take OUR money out? Answer: "they" are not authorized to hold, carry or have on hand anymore more than a certain amount of cash on hand! The amount we are getting, even though it is out of our account, they cannot order or have on hand that amount of cash at any time now. I am not talking small banks...large banks [large money center bank in America name redacted] etc...!

We can see our ability to keep these machines with available cash is becoming more and more difficult. This has taken place just in the past few weeks. By the way, these banks were willing to lose our full business due to this issue. Trying to work with smaller banks now...we will see how long!"

h/t Kyle

ATMs Crash Across The Country After “Bank Holiday” Warning

Paul Joseph Watson -  Infowars.com - November 8, 2010

Following rumors of a “bank holiday” that could limit or prevent altogether cash withdrawals later this week, Twitter and other Internet forums were raging yesterday about numerous ATMs across the country that crashed in the early hours of Sunday morning, preventing customers from performing basic transactions.

It’s unknown whether the crashes were partly a result of a surge of people trying to withdraw their money in preparation for any feared bank shutdown, or if mere technical glitches were to blame. The fact that the problem affected numerous different banks in different parts of the U.S. would seem to indicate the former.

The Orange County Register reported that the problems were “part of a national outage” which prevented people from performing simple transactions such as cashing checks and withdrawing money.

“Computer issues” were blamed for similar issues in Phoenix Arizona, while in Birmingham Alabama, Wells Fargo customers’ online banking accounts and ATMs displayed incorrect balances.

The banks primarily affected were Wells Fargo, Chase and Bank of America, but according to blogger Phil Brennan, who studied Twitter feeds and other Internet message boards that were alight with the story, numerous other financial institutions were also affected, including US Bank, Compass, USAA, Suntrust, Fairwinds Credit Union, American Express, BB&T on the East Coast and PNC.

“Twitter is going crazy with reports of ATMs and online accounts going down as of 01:00 hours EST of the 7th of November 2010,” writes Brennan. “This is happening to many banks all across America. Some are trying to say that it is a computer glitch to do with the change in Daylight Savings Time, but I will call BS on this as we manage to put our clocks back over here in the UK without knocking out ATMs and online accounts nationally.”

Brennan questions whether the outages were the first warning shots in a move to “devalue the dollar,” just days after Federal Reserve chairman Ben Bernanke sparked an international currency war by announcing that the Fed will buy $600 billion of U.S. government bonds over the next eight months.

Any perceived inability of banks to deal with a sudden demand for cash would undoubtedly place in peril the United States’ triple A credit rating and spark a fresh dollar crisis.

“In the light of what is going on geopolitically, I am still very suspicious about the reasons for this mass downtime of ATMs and Online Accounts, adds Brennan. “There is still a very distinct possibility that November the 11th will turn into an extended Bank Holiday so I would advise all those who can get their money out of their banks to do so, even if you have to pay your upcoming bills manually.”

As we reported last week, the “bank holiday” rumor has reared its ugly head once again, after a story emerged that a pastor was told by one of the managers of a prominent east coast bank that banks would close for an undetermined amount of time, and that when they reopened, “all withdrawals by checks would be limited to $500 per week – no matter what the balance in the account is.”

Though the story is still an unconfirmed rumor, banks have been preparing for limiting withdrawals. As we reported back in February, Citigroup sent an advisory to its customers at the start of the year which stated that the bank reserved “the right to require (7) days advance notice before permitting a withdrawal from all checking accounts.” The advisory stoked fears that financial institutions were preparing for bank runs.

Fresh food that lasts from eFoods Direct (Ad)

While we still think this new bank holiday rumor will subside as the previous two did earlier this year and last, in the current economic climate it would be foolish not to keep at least a small amount of your savings in physical cash. The current financial turmoil has been likened with the post 1929 period, during which newly elected Franklin Roosevelt declared a “bank holiday” that lasted four days, therefore such a scenario is not without historical precedent.

Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a fill-in host for The Alex Jones Show. Watson has been interviewed by many publications and radio shows, including Vanity Fair and Coast to Coast AM, America’s most listened to late night talk show.

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Saturday, June 11, 2011

More on Bilderberg Week Including Agenda 21 Updates…

UPDATED TOPICS: 6-10-2011 Bilderberg Meeting:  Comet Elenin (or ELEnin Brown Dwarf Star), Solar Flares, Earthquakes, Tornadoes, Underground Cities.

Coincidentally???: (Video) NASA Emails ALL Employees Today to PREPARE! June 10, 2011 - The word on alternative media is that the Brown Dwarf is coming and its affects will be evident by July 7th.
It doesn't mean it will hit earth on July 7th - it means that everyone will know from the events happening that this could be coming.
So if nothing happens by July 7 - we are out of the woods on this one.

Aaron Dykes  -  Infowars.com  -  June 10, 2011

David Rockefeller

--> BREAKING: Bilderberg 2011 Attendees List  <--

As Alex Jones has said the more light you shine on these people and this event, the more there is hope - Video: The Fall of Bilderberg:  The People Strike Back  There are many significant names and former attendees missing from the list this year.  To name a few that are missing that have been spotted there before:

Bill or Melinda Gates (they never attend together), the Clintons, Oprah Winfrey, Tony Blair, Katie Couric, Eric Schmidt, CEO of Google,  George H.W. Bush, John Kerry, John Edwards, Paul Wolfowitz,  Rick Perry (Governor of Texas),  Alan Greenspan,  Michael Bloomberg, Donald Rumsfeld, Rupert Murdoch, George Soros… any many more~

A few noteable biggies attending:  Kissinger, Henry A., Chairman, Kissinger Associates, Inc., Rubin, Robert E., Co-Chairman, Council on Foreign Relations; Former Secretary of the Treasury, Rockefeller, David, Former Chairman, Chase Manhattan Bank, Hughes, Chris R., Co-founder, Facebook, Bezos, Jeff, Founder and CEO, Amazon.com, Orszag, Peter R., Vice Chairman, Citigroup Global Markets, Inc., and the list of elites, dignitaries, politicians, world royalty and power brokers goes on… See full list attending this year above~

The Bilderberg Group

Bilderberg Behind Rick Perry 2012 Run

Bilderberg convenes as Rick Perry hinges on 2012 run

Texas Governor Rick Perry is dipping his toes into the 2012 presidential race, coincidentally, as the Bilderberg conference convenes in St. Moritz, Switzerland. Bilderberg, notorious kingmakers in the U.S. and Europe, tapped Perry in 2007, inviting him to the conference meeting in Istanbul and presumably vetting him for higher office. Has his moment now arrived?

With a GOP primary field weak in viable-but-malleable globalist candidates, Perry may well prove to be a rising star. Current U.S. media is buzzing with speculation of his imminent entry. Bilderberg have long worked to own both horses in each cycle of U.S. presidential races. Bill Clinton, an obscure governor when he attended Bilderberg in 1991 before his 1992 presidential run, is a prime example of a candidate selected and run by Bilderberg. Bilderberg is also responsible for selecting British Prime Ministers Tony Blair and David Cameron.

Gov. Rick Perry has been building his credentials as a pseudo-Tea Party leader and supposed proponent of succession, so he may prove to be a marketable product to the grassroots populists rebelling against the establishment GOP. In reality, of course, he is another pawn. His own rise in politics in the mid-80s came at the hands of one Karl Rove, known alternately as “Bush’s Brain,” who convinced Perry to flip from Democrat to Republican. Perry became George W. Bush’s Lt. Governor, rising to Governor once Bush the Younger gained the White House in 2000. He is now the longest serving governor in office.

Weeks ago, Perry’s office discussed the possibility of his entering the GOP primary at the end of the Texas legislative session. Now fresh rumors about his entering the race coincide with the end of the regular session. His speculative run is buoyed by the news that his top political aide David Carney has just quit the Gingrich campaign, which has fallen flat. Carney and related aides are considered key to Perry’s campaign viability. CBS News writes that Perry is “serious” about a run, but “There was no way Perry would run for president without his top political consultant, Dave Carney… Unfortunately for Perry, both of those guys were working on Gingrich 2012… Now, Gingrich’s entire team has up and quit. And all of a sudden Carney/Johnson are available. And Rick Perry is for real.

The June 9-12 conference is well-timed for Bilderberg’s influence in the GOP primary, with potential voters still undecided and no clear frontrunner yet established.

Veteran Bilderberg sleuth Jim Tucker wrote last week about Perry’s likely entry into the 2012 field, pointing out that he may be Bilderberg’s “Ace in the Hole” as backlash against typical GOP candidates has given little promise for other establishment candidates. Tucker writes:

Perry has repeatedly denied that he is running for president, but several campaigns have been put forth to draft the three term Texas governor. In addition, Perry keeps pushing himself as a Bilderberg wild card. At Republican events, he has described the type of nominee the GOP needs (like himself) without naming himself.

Bilderberg, true to form, wants the U.S. recession to continue throughout 2012 and for oil prices to remain high and increase further. This could make Obama a one-term president. But at this point it appears Bilderberg’s “other horse” is headed for the stable, to be groomed as their ace in the hole.

Tucker identified Perry as a likely presidential contender back in 2007. President Barack Obama reportedly attended Bilderberg in Chantilly, Virginia in 2008, alongside Hillary Clinton, whom he had just dominated in the primary. Undoubtedly, he gained approval and backing during their shadowy meeting. Bilderberg regular James A. Johnson admittedly led the search for Obama’s running mate in 2008, vetting potential VPs.

Perry could now prove to be a strong challenger to Obama in 2012.

Our BIlderberg 2011 coverage is sponsored by Midas Resources, the trusted name in precious metals. Visit them at http://www.midasresources.com/

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Bilderberg Conference 2011 Update and More… InfoWars

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Resources

The True Story of the Bilderberg Group...

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Monday, May 23, 2011

The Rothschilds – A History of the New World Order

en.wikipedia.org/wiki/Rothschild_family Five lines of the Austrian branch of the family were elevated into the Austrian nobility, being given hereditary baronies of the Habsburg Empire by Emperor Francis II in 1816. The British branch of the family was elevated into the British nobility by Queen Victoria. It has been argued that during the 19th century, the family possessed by far the largest private fortune in the world, and by far the largest fortune in modern history.

Unlike the old court Jews, the new kind of international firm the Rothschilds created was impervious to local attack. These Hep-Hep riots as they were called, included an assault on the Rothschild house in Frankfurt. It made no difference. Nor did a further attack during the 1848 revolution. The money was no longer there. It was paper, circulating through the world. The Rothschilds completed a process the Jews had been working on for centuries: how to immunize their lawful property from despoiling violence. Another essential part of Mayer Rothschild’s strategy for future success was to keep control of their businesses in family hands, allowing them to maintain full discretion about the size of their wealth and their business achievements. The practise initiated by the Rothschilds of having several brothers of a firm establish branches in the different financial centers was followed by other Jewish financiers, like the Bischoffsheims, Pereires, Seligmans, Lazards, and others, and these financiers by their integrity and financial skill obtained credit not alone with their Jewish confrères, but with the banking fraternity in general. By this means Jewish financiers obtained an increasing share of international finance during the middle and last quarter of the nineteenth century. The head of the whole group was the Rothschild family. Mayer Rothschild successfully kept the fortune in the family with carefully arranged marriages,including between first or second cousins, although by the later 19th century, almost all Rothschilds had started to marry outside the family, usually into the aristocracy or other financial dynasties.

Families by country: Rothschild banking family of Naples, Rothschild banking family of England, Rothschild banking family of Austria, Rothschild banking family of Germany,Rothschild banking family of France, Rothschild banking family of Switzerland

The Rothschilds already possessed a very significant fortune before the start of Napoleonic Wars (1803-1815). From London in 1813 to 1815, he was instrumental in the financing of the British war effort, in 1815 alone, the Rothschilds provided £9.8 million (in 1815 currency prices) in subsidy loans to Britain’s continental allies.

The basis for the Rothschild’s most famously profitable move was made after the news of British victory had been made public. Nathan Rothschild calculated that the future reduction in government borrowing brought about by the peace would create a bounce in British government bonds after a two year stabilisation, which would finalise the post-war re-structuring of the domestic economy. In what has been described as one of the most audacious moves in financial history, Nathan immediately bought up the government bond market, for what at the time seemed an excessively high price, before waiting two years, then selling the bonds on the crest of short bounce in the market in 1817 for a 40% profit. Given the sheer power of leverage the Rothschild family had at its disposal, this profit was an enormous sum.

Nathan Mayer Rothschild in 1818, he arranged a £5 million loan to the Prussian government, and the issuing of bonds for government loans formed a mainstay of his bank’s business. He gained a position of such power in the City of London that by 1825–6 he was able to supply enough coin to the Bank of England to enable it to avert a market liquidity crisis.

Rothschild family banking businesses pioneered international high finance during the industrialisation of Europe and were instrumental in supporting railway systems across the world and in complex government financing for projects such as the Suez Canal. The family bought up a large proportion of the property in Mayfair, London. Major businesses directly founded by Rothschild family capital include Alliance Assurance (1824) (now Royal & SunAlliance); Chemin de Fer du Nord (1845); Rio Tinto Group (1873); Société Le Nickel (1880) (now Eramet); and Imétal (1962) (now Imerys).The Rothschilds financed the founding of De Beers, as well as Cecil Rhodes on his expeditions in Africa and the creation of the colony of Rhodesia. From the late 1880s onwards, the family controlled the Rio Tinto mining company.

The Japanese government approached the London and Paris families for funding during the Russo-Japanese War. The London consortium’s issue of Japanese war bonds would total £11.5 million (at 1907 currency rates).

By the end of the century, the family owned, or had built, at the lowest estimates, over 41 palaces, of a scale and luxury perhaps unparalleled even by the richest Royal families. The soon to be British Prime Minister Lloyd George claimed, in 1909, that Lord Nathan Rothschild was the most powerful man in Britain.

Chateau de Ferrieres, the largest Chateau of the 19th century, was built in 1854 to houseJames Mayer de Rothschild, east of Paris. It is set in a 30 km² estate. There are two branches of the family connected to France. The first was son James Mayer de Rothschild,  following the Napoleonic Wars, he played a major role in financing the construction of railroads and the mining business that helped make France an industrial power. James’ sons Gustave de Rothschild and Alphonse James de Rothschild continued the banking tradition and was the guarantor of the 5 billion in reparations  demanded by the occupyingPrussian army in the 1870s Franco-Prussian War. James Mayer de Rothschild‘s other son,Edmond James de Rothschild was a leading proponent of Zionism. The group has €100bn of assets in 2008 and owns many wine properties in France (Château Clarke, Château des Laurets), in Australia or in South Africa. In 1961, the 35 year old Baron Edmond purchased the company Club Med, after he had visited a resort and enjoyed his stay. His interest in Club Med was sold off by the 1990s. In 1973, he bought out the Bank of California, selling his interests in 1984 before it was sold toMitsubishi Bank in 1985.

The second French branch was founded by Nathaniel de Rothschild (1812–1870). Born in London he was the fourth child of the founder of the British branch of the family, Nathan Mayer Rothschild (1777–1836). In 1850, Nathaniel Rothschild moved to Paris, ostensibly to work with his uncle, James Mayer Rothschild. However, in 1853 Nathaniel acquired Château Brane Mouton, a vineyard in Pauillac in the Gironde département. Nathaniel Rothschild renamed the estate, Château Mouton Rothschild and it would become one of the best known labels in the world. In 1868, Nathaniel’s uncle, James Mayer de Rothschild acquired the neighboring Chateau Lafite vineyard. By 1980, Guy de Rothschild’s business had an annual turnover of 26 billion francs (in the currency rates of 1980).[20] But then the Paris business suffered a near death blow in 1982 when the Socialist government ofFrançois Mitterrand nationalized and renamed it Compagnie Européenne de Banque.[needs citation] Baron David de Rothschild, then 39, decided to stay and rebuild, creating a new entity Rothschild & Cie Banque with just three employees and $1 million in capital. Today, the Paris operation has 22 partners and accounts for a significant part of the global business.

During World War II the Austrian branch had to surrender their bank to the Nazis and flee the country. Their Rothschild palaces, a collection of vast palaces in Vienna built and owned by the family, were confiscated, plundered and destroyed by the Nazis. The palaces were famous for their sheer size, and for their huge collections of paintings, armour, tapestries,statues (some of which were restituted to the Rothschilds by the Austrian government in 1999). All family members escaped the Holocaust, some of them moving to the United States, and only returning to Europe after the war. In 1999, the government of Austria agreed to return to the Rothschild family some 250 art treasures looted by the Nazis and absorbed into state museums after the war.

Some Rothschilds were supporters of Zionism, although other members of the family opposed the creation of the Jewish state. Baron Edmond James de Rothschild, James Jacob de Rothschild’s‘s youngest son was a patron of the first settlement in Palestine at Rishon-LeZion, and bought from Ottoman landlords parts of the land which now makes up present-day Israel.

The Rothschilds also played a significant part in the funding of Israel’s governmental infrastructure. James A. de Rothschild financed the Knesset building as a gift to the State of Israel and the Supreme Court of Israel building was donated to Israel by Dorothy de Rothschild. Since the end of the 19th century, the family has taken a low-key public profile, donating many of their most famous estates, as well as vast quantities of art, to charity, keeping full anonymity about the size of their fortunes, and eschewing conspicuous displays of wealth.[29] The family once had one of the largest private art collections in the world, and a significant proportion of the art in the world’s public museums are Rothschild donations which were sometimes, in the family tradition of discretion, donated anonymously.

Mentmore_Towers_from_angle800px-Waddesdon_paterreChateau_de_FerrieresKasteel_de_Haer

A HISTORY OF THE NEW WORLD ORDER by David Allen Rivera

No other name has become more synonymous with the Illuminati than the Rothschilds. It is believed that the Rothschild family used the Illuminati as a means to achieving their goal of world-wide financial dominance. Mayer Amschel Rothschild (1743-1812) was born in Frankfurt-on-the-Main in Germany, the son of Moses Amschel Bauer, a banker and goldsmith. A few years after his father’s death, he worked as a (1) clerk in a Hanover bank, which was owned by the Oppenheimers. He became a (2) junior partner, and soon left to take over the business started by his father in 1750. He (3) bought and sold rare coins, and later succeeded in buying out several other coin dealers.

In 1769, he became a (4) court agent for Prince William IX of Hesse-Kassel, who was the grandson of George II of England, a cousin to George III, a nephew of the King of Denmark, and a brother-in-law to the King of Sweden. Soon Rothschild (5) became the middleman for big Frankfurt bankers like the Bethmann Brothers, and Rueppell & Harnier. After expanding his business to (6) antiques, wineries, and the importing of manufactured materials from England, the Rothschild family began to amass a sizable fortune.

Prince William inherited his father’s fortune upon his death in 1785, which was the largest private fortune in Europe. Some of this money had come from Great Britain paying for the use of 16,800 Hessian soldiers to stop the revolution in America, because the money was never given to the troops. In 1804, (7) the Rothschilds secretly made loans to the Denmark government, on behalf of Prince William.

In June, 1806, when Napoleon’s troops pushed their way into Germany, (8) Prince William fled to Denmark, leaving his money with Mayer Rothschild. History tells us that Rothschild secretly buried William’s ledgers, which revealed the full extent of his wealth, a list of debtors and the interest required from them, and 600,000 pounds ($3,000,000), to keep Napoleon from confiscating it.Buderus von Carlhausen (Carl Buderus), the Treasury official who handled William’s finances, was given ‘power of attorney,’ and he in turn made Rothschild his chief banker, responsible for collecting the interest on the royal loans. Napoleon announced that all debts being paid to Prince William, were to go to the French Treasury, and offered a 25% commission on any debts that he would collect. Rothschild refused.

Developing circumstances soon allowed the Rothschilds to formulate a plan which would guarantee them the financial control of Europe, and soon the world. It began with taking advantage of the outcome of the Battle of Waterloo, which was fought at La-Belle-Alliance, seven miles south of Waterloo, which is a suburb of Brussels, Belgium. Early in the battle, Napoleon appeared to be winning, and the first secret military report to London communicated that fact. However, upon reinforcements from the Prussians, under Gebhard Blucher, the tide turned in favor of Wellington. On Sunday, June 18, 1815, Rothworth, a courier of Nathan Rothschild, head of the London branch of the family, was on the battlefield, and upon seeing that Napoleon was being beaten, went by horse to Brussels, then to Ostende, and for 2,000 francs, got a sailor to get him to England across stormy seas. When Nathan Rothschild received the news on June 20th, he informed the government, who did not believe him. So, with everyone believing Wellington to be defeated, Rothschild immediately began to sell all of his stock on the English Stock Market. Everyone else followed his lead, and also began selling, causing stocks to plummet to practically nothing. At the last minute, his agents secretly began buying up the stocks at rock-bottom prices. On June 21, at 11 PM, Wellington’s envoy, Major Henry Percy showed up at the War Office with his report that Napoleon had been crushed in a bitter eight hour battle, losing a third of his men. This gave the Rothschild family complete control of the British economy, and forced England to set up a new Bank of England, which Nathan Rothschild controlled.

However, that wasn’t the only angle he used to profit from the Battle of Waterloo. Mayer Amschel Rothschild sent some of William’s money to his son Nathan in London, and according to the Jewish Encyclopedia: “Nathan invested it in 800,000 pounds of gold from the East India Company, knowing it would be needed for Wellington’s peninsula campaign. He made no less than four profits: (1) on the sale of Wellington’s paper (which he bought at 50¢ on the dollar); (2) on the sale of gold to Wellington; (3) on its repurchase; and (4) on forwarding it to Portugal. This was the beginning of the great fortune.”

After Napoleon’s defeat, Prince William returned to resume his rule. Buderus was made a Baron, and the Rothschilds were the richest bankers in Europe.

In 1817, France, in order to get back on their feet again, secured loans from a French banking house in Ouvrard, and from the Baring Brothers in London. The Rothschilds saw their chance to get a firm grip on the French economy, and on October, 1818, Rothschild agents began buying huge amounts of French government bonds, which caused their value to increase. On November 5th, they were dumped on the open market, creating a financial panic as their value declined. Thus, the Rothschilds gained control of France.

Mayer Rothschild had established banks in England, France, and Germany. His sons, who were made Barons of the Austrian Empire, were set up to continue and expand his banking empire. Amschel Mayer Rothschild 1773-1855, in 1838 said: “Permit me to issue and control the money of a nation, and I care not who makes its laws.”He was in charge of the bank in Frankfurt, Germany, which was known as M. A. Rothschild and Sons (which closed in 1901, after the deaths of Mayer Karl and his brother, Wilhelm Karl, the sons of Karl Mayer Rothschild). Salomon Mayer Rothschild (1774-1855) was the head of the bank in Vienna, Austria, known as S. M. Rothschild and Sons (which was closed during World War II after the Nazi occupation). Nathan Mayer Rothschild 1777-1836, once said: “I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain’s money supply controls the British Empire, and I control the British money supply.”

This was the beginning of the House of Rothschild, which controlled a fortune estimated to be well over $300,000,000. Soon the Rothschilds spanned Europe with railroads, invested in coal and ironworks, financed England’s purchase of the Suez Canal, paid for oil exploration in Russia and the Sahara Desert, financed the czars of Russia, supported Cecil Rhodes’ diamond operations, aided France in creating an empire in Africa, financed the Habsburg monarchs, and saved the Vatican from bankruptcy. In USA, through their American and European agents, they helped finance Rockefeller’s Standard Oil, Carnegie Steel, and Harriman’s Railroad. Werner Sombart, in his book The Jews and Modern Capitalism, said that from 1820 on, it was the “age of the Rothschild” and concluded that there was “only one power in Europe, and that is Rothschild.” In 1913, the family fortune was estimated to be over two billion dollars.

After Mayer Rothschild died on September 19, 1812, his will spelled out specific guidelines that were to be maintained by his descendants:

1) All important posts were to be held by only family members, and only male members were to be involved on the business end. The oldest son of the oldest son was to be the head of the family, unless otherwise agreed upon by the rest of the family, as was the case in 1812, when Nathan was appointed as the patriarch.

2) The family was to intermarry with their own first and second cousins, so their fortune could be kept in the family, and to maintain the appearance of a united financial empire. For example, his son James (Jacob) Mayer married the daughter of another son, Salomon Mayer. This rule became less important in later generations as they refocused family goals and married into other fortunes.

3) Rothschild ordered that there was never to be “any public inventory made by the courts, or otherwise, of my estate … Also I forbid any legal action and any publication of the value of the inheritance.”

American and British Intelligence have documented evidence that the House of Rothschild, and other International Bankers, have financed both sides of every war, since the American Revolution. Financier Haym Salomon, who supported the patriots during the American Revolution, then later made loans to James Madison, Thomas Jefferson, and James Monroe, was a Rothschild agent. As explained earlier, during the Napoleonic Wars, one branch of the family funded Napoleon, while another financed Great Britain, Germany, and other nations. Their boldest maneuver came prior to the Civil War.

The Rothschilds operate out of an area in the heart of London, England, the financial district, which is known as ‘The City,’ or the ‘Square Mile.’ All major British banks have their main offices here, along with branch offices for 385 foreign banks, including 70 from the United States. It is here that you will find the Bank of England, the Stock Exchange, Lloyd’s of London, the Baltic Exchange (shipping contracts), Fleet Street (home of publishing and newspaper interests), the London Commodity Exchange (to trade coffee, rubber, sugar and wool), and the London Metal Exchange. It is virtually the financial hub of the world.

Positioned on the north bank of the Thames River, covering an area of 677 acres or one square mile (known as the “wealthiest square mile on earth”), it has enjoyed special rights and privileges that enabled them to achieve a certain level of independence since 1191. In 1215, its citizens received a Charter from King John, granting them the right to annually elect a mayor (known as the Lord Mayor), a tradition that continues today. Both E. C. Knuth, in his book Empire of the City, and Des Griffin, in his book Descent into Slavery, stated their belief that ‘The City’ is actually a sovereign state, much like the Vatican, and that since the establishment of the privately owned Bank of England in 1694, ‘The City’ has actually become the last word in the country’s national affairs, with Prime Minister, Cabinet, and Parliament becoming only a front for the real power. According to Knuth, when the queen enters ‘The City,’ she is subservient to the Lord Mayor (under him, is a committee of 12-14 men, known as ‘The Crown’), because this privately-owned corporation is not subject to the Queen, or the Parliament.

There seems to be little doubt that the Rothschilds continue to influence the world economy, and it is known that they are squarely behind the movement to unite all the western European nations into a single political entity, which is just another step towards one-world government.

By Alex Imreh  -  http://www.facebook.com/alex.imreh – Originally Posted on 03.01.2011

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Tuesday, November 24, 2009

The Stealth System

According to Webster’s Third International Dictionary, “stealth” means, “something stolen,the act or action of proceeding secretly or imperceptibly.”

And according to Black’s Law Dictionary 6th Edition, stealth means, “secret or the act of stealing when the victim is unaware of the theft. Any secret, sly or clandestine act to avoid discovery and to gain entrance into or to remain within residence of another without permission.”

In my view, stealth needs further definition. Stealth should be categorized as being in existence where there is total unawareness by the victim(s). Also, stealth should be characterized as being secretly operative over very long periods of time, so as to be sacrosanct and institutionalized.

An example is the Federal Reserve and its companion, the Internal Revenue Service (IRS). Time bestows legitimacy. This means that millions of people are born into the system who never question its legitimacy, legality or morality.

The more generations that pass the more entrenched the stealth. So again, time bestows legitimacy and suffocates inquiry. The people who understand stealth can understand government and predict the future.

This, my friends, is a very, very small number of people. It is my prayer that all the readers of Personal Liberty Digest will understand stealth as soon as possible. If so, you will be translated from the frivolous to reality.

The work-a-day world consumes the crowd. They have so much noise in their lives that they have neither the time nor the imperative to understand monetary realism and the legalized and official theft that is undermining every vestige of their lives and their future.

The stealth system of “legal” theft has been in place in the U.S. since the establishment of the Federal Reserve and the IRS in 1913. Neither is legal, but neither can be investigated and reversed. (Ask yourself why, even with 311 co-sponsors on the 435-member House of Representatives, Ron Paul’s bill to audit the Federal Reserve—H.R. 1207—has not been voted on, nor has the Senate’s companion bill—S. 604—which has 30 co-sponsors.)
We are on a fiat paper money dollar system and all who earn dollars and save dollars have depreciating currency with depreciating assets. This depreciating currency (inflation of prices) slowly reduces the value of their savings and their standard of living. The middle class destruction is in full view to anyone who has the wisdom to look.

The stealth system has a cover of very sophisticated propaganda. Trust in the system guarantees the propaganda cover. People who trust the system never inquire past the propaganda and that is by far the majority; but, hopefully, that is not you.

The system operates on the certainty that the crowd will believe the propaganda cover. If the crowd stopped believing the propaganda, the stealth system would collapse and human liberty would return. If the stealth system were to collapse, the vast army of parasites—people like lawyers, doctors, accountants, etc.—would have to find honest work. Oh, they are not all bad, but most are.

How do we escape the system of stealth? Start believing just the opposite of all political, economic and geopolitical pronouncements. This alone will catapult you into reality. If the trauma is too severe, return to slavery. You will be welcomed to become a “taxpayer” again.

The key to understanding propaganda: Governments never allow individual or media attacks on the esoteric monetary system i.e. the Federal Reserve and the IRS.

The stealth system knows the propaganda value of phony opposition. Feigned opposition as in political parties keeps the simple blinded and all debate is on spurious issues. Decoys are as important to the stealth system as they are to duck hunters.

Spurious debate is a constant diversion. It is noise.

The most educated, professional and sophisticated thinkers are conditioned and limited unless and until they escape the stealth parameters of thought. Until we believe that reality is outside the box, we can do no better than frivolity, diversion and self deception.

We can never know cause and effect. When you encounter an educated fool, escape as fast as possible lest you be tainted with his nonsense.

People who never question authority, custom and tradition are unthinking fools.

You Are a Taxpayer

You are a taxpayer if you earn or save dollars. You are involved in coin clipping.

Coin clipping refers to the old gold and silver coins in regimes that had not discovered paper money. They could not print new gold coins so people would clip off small amounts and melt them into new coins. This of course is a less seductive form of currency depreciation.

But today every new dollar printed dilutes those dollars already in existence. So you pay taxes to the extent of currency depreciation that most see as price inflation at the grocery store. More stealth!

Taxpayers are not just those who fill out tax returns and write checks to the IRS.

Money printing is a stealth tax paid by all who deal in dollars. No, it’s not public policy, it’s stealth policy, never announced and never admitted, and especially never to the media.

by Bob Livingston

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Tuesday, October 13, 2009

Dollar loses reserve status to yen & euro

Ben Bernanke's dollar crisis went into a wider mode yesterday as the greenback was shockingly upstaged by the euro and yen, both of which can lay claim to the world title as the currency favored by central banks as their reserve currency.

Over the last three months, banks put 63 percent of their new cash into euros and yen -- not the greenbacks -- a nearly complete reversal of the dollar's onetime dominance for reserves, according to Barclays Capital. The dollar's share of new cash in the central banks was down to 37 percent -- compared with two-thirds a decade ago.

Fed boss Ben Bernanke may be forced to raise rates in order to restore faith in the dollar — and help bring the euro and the yen back to earth.

GETTY IMAGES

Fed boss Ben Bernanke may be forced to raise rates in order to restore faith in the dollar — and help bring the euro and the yen back to earth.

Currently, dollars account for about 62 percent of the currency reserve at central banks -- the lowest on record, said the International Monetary Fund.

Bernanke could go down in economic history as the man who killed the greenback on the operating table.

After printing up trillions of new dollars and new bonds to stimulate the US economy, the Federal Reserve chief is now boxed into a corner battling two separate monsters that could devour the economy -- ravenous inflation on one hand, and a perilous recession on the other.

"He's in a crisis worse than the meltdown ever was," said Peter Schiff, president of Euro Pacific Capital. "I fear that he could be the Fed chairman who brought down the whole thing."

Investors and central banks are snubbing dollars because the greenback is kept too weak by zero interest rates and a flood of greenbacks in the global economy.

They grumble that they've loaned the US record amounts to cover its mounting debt, but are getting paid back by a currency that's worth 10 percent less in the past three months alone. In a decade, it's down nearly one-third.

Yesterday, the dollar had a mixed performance, falling slightly against the British pound to $1.5801 from $1.5846 Friday, but rising against the euro to $1.4779 from $1.4709 and against the yen to 89.85 yen from 89.78.

Economists believe the market rebellion against the dollar will spread until Bernanke starts raising interest rates from around zero to the high single digits, and pulls back the flood of currency spewed from US printing presses.

"That's a cure, but it's also going to stifle any US economic growth," said Schiff. "The economy is addicted to the cheap interest and liquidity."

Economists warn that a jump in rates will clobber stocks and cripple the already stalled housing market.

"Bernanke's other choice is to keep rates at zero, print even more money and sell more debt, but we'll see triple-digit inflation that could collapse the economy as we know it.

"The stimulus is what's toxic -- we're poisoning ourselves and the global economy with it."

Comments:

1. Sorry guys, but you Americans just don’t get it. Your notion of the “fed” still is off? Greenspan, Rockefeller and all the other corrupt guys made you get to ands tay where you are...
If you think it was Obama, regardless of whatever else is wrong with him, then you are still narrow minded un-intellectual stereotypical Americans. Going blind thru decades of being used and now after only 10-months of Obama it should be all his fault.
On this newspaper I thought i would find more interesting comments but i see that the USA/fed republic is still blinded.

I feel sorry for you guys. The world is changing and the problem is not republican or democratic... its that the USA/ America who cannot believe that its not cool anymore to be American and all the other world is not using stars and stripes on t-shirts anymore. How awful the rest of the world is making their own game without the USA; step by step. It started with the euro and will end with a weak dollar.

Doesn’t the CIA report that the weak dollar is the biggest terror fear for the USA?

Its a matter of time till the last guy will see it on the dollar currency.

Cry load America. nobody cares out there. Its time to get rid of American terrorist governments including their war politics.

You need to change… And you need to look at the Fed, Bernanke, Greenspan, the Rockefellers, Gaithner… all of them. Wake-up of parish!

2. Look at it this way. Average business men have been predicting this crash since the mid 90's. The smartest economists on the planet have been in charge. Is it not obvious that all this was planned? Does it not make you wonder who is really in charge? You want to fix this? Vote against anyone the D's and R's run, especially if they're backed by a Party. They are all bought and paid for. Come on, if you have "Billions" you can buy anyone! Don't elect professional politicians! We need smart businessmen who VOW to protect the constitution and return America to Americans. Term Limits, Term Limits, Term Limits! No more than 8 years at ANY level of government. AND being a government employee should be a bottom feeder job. Why do they all have 100% paid health care when WE their EMPLOYERS can't afford it ourselves. Look it up on the net. Average pay for Gov. employees. It's ridiculous! What our nation needs right now are people who know how to bring a failing company out of the red. At the same time we need to realize there is a very large group of dumb people out there that think their check is in mail. What's happening in California right now is the movie trailer of what's coming for all of us. Oh ! and you right wing born againers better rethink the logic about only voting for someone because they "SAY" they're against abortion. Vote for the rights of America and the rest will come in time. By not voting you let this hack scum bag get in the W.H.. You should all be ashamed.

Comment on Whodunit? -

1. Any time that there is something very fishy going on in the financial world, you can bet that George Soros - son of satan - has his dirty rich hand in it. After all, he financed Obama's campaign and paid billions to ACORN, SEIU and other organizations to help get Obama elected. Soros also was most likely behind the 2008 financial crisis. He did the same thing in England a few years ago.
Remember that McCain was ahead in the polls before that happened? Rahm "dead fish" Emanuel even says, "can't let a good crisis go to waste."

2. If what you have surmised about the gold traders is true, sounds like they are more likely gold TRAITORS to America. Add them to the heavy list of traitors to our nation - including the current bogus POTUS, Congress, The Supreme Court, and the courts throughout the land who refuse to take the Obama ineligibility lawsuits to trial.

Apparently, money talks. If that doesn't work, them Obama thuggery takes over the task.

God help our nation - only He can rescue us from the Marxist tyranny being inflicted upon us by our current gangster government.

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