March 14, 2013 - WashingtonsBlog

Here are just some of the improprieties by big banks:

• Funding the Nazis
• Laundering money for terrorists
• Financing illegal arms deals, and funding the manufacture of cluster bombs (and see this and this) and other arms which are banned in most of the world
• Launching a coup against the President of the United States
• Handling money for rogue military operations
• Laundering money for drug cartels. See this, this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis)
• Engaging in mafia-style big-rigging fraud against local governments. See this, this and this
• [...]

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The American Dream - Nov. 17 2010

There have been so many attacks on the Federal Reserve recently that the mainstream media now feels almost forced to try to defend their actions. The most blatant example of this recently was an article in the Washington Post entitled “Five Myths About The Federal Reserve“. The article was authored by Greg Ip, the U.S. economics editor of The Economist. According to Wikipedia, the Rothschild banking family is a partial owner of the firm that operates The Economist. You would have thought that they would have gotten someone a whole lot less obvious to produce this propaganda piece, but apparently they did not think anyone would notice. Of course an economics editor of The Economist is going to defend the Federal Reserve. He would be fired if he didn’t. The Economist is well known to be a mouthpiece for the international central banking establishment. But what is really sad is how poor a job Greg Ip did in defending the Fed. If these are the best intellectual arguments they can come up with then they are in huge trouble.

Below are the “five myths” that Greg Ip attempted to debunk in his article. I will tackle them one by one…..

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Deanna Spingola - 7 Oct 2010

The abolition of nationalism and borders under the guise of the free trade has been the ultimate Illuminati objective since the late 1700s, notably illustrated by Aaron H. Palmer who had a law office on Wall Street in the first half of the 19th century. He catered to individuals interested in transnational business and managed their commerce and paperwork with the European bankers who advocated trade. By February 1837 when the bankers and politicians shrunk the U.S. credit market, Palmer already had a working relationship with N M Rothschild & Sons, located in the City of London. Palmer supplied the Rothschilds with an account of all the financial failures, as many as 280, in the months just before the final crash.

The products of the labor of its citizens determine a nation’s prosperity. A brisk manufacturing base is essential, augmented by the service industry. Nationalists believe in reasonable tariffs that protect the nation’s industry. Free trade is detrimental to a nation’s wealth. So-called “conservatives,” those Republican “nationalists” who claim to put the U.S. first have promoted and participated, along with the Democrats, in the legislation of all of the nation’s free trade agreements. One cannot claim to cherish both sovereignty and accept free trade, through “multinational trade organizations and global financial conglomerates.” Marx, a mouthpiece minion for the elite, advocated both the income tax and free trade. He said of free trade, “it breaks up old nationalities” and eliminates the “bourgeoisie” (small businessmen). Free trade functions to equalize the masses while elevating the elite and their acquiescent political devotees.

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David DeGraw - Sept 28, 2010

When we analyze our current crisis, focusing on the past few years of economic activity blinds us to the history and context that are vital to understanding the root cause. What we have been experiencing is not the result of an unforeseen economic crash that appeared out of the blue with the collapse of the housing market. It was certainly not brought on by people who bought homes they couldn’t afford. To frame this crisis around a debate on economic theory misses the point entirely. To even blame it on greedy bankers, while essentially accurate, also misses the most vital point.

This crisis is the direct result of a strategic economic attack on the existence of a middle class and democracy worldwide. The stock market and economy have become weapons of mass oppression manipulated by an imperial banking cartel to impose order and exploit the masses. This crisis boldly represents the manifest evolution of the fascist spirit reasserting itself as the dominant ideology.

Any fairytale notions of the United States being a democratic republic built on the rule of law have been utterly dispelled. As a nation we have been bred and conditioned to be dangerously naïve to the darker forces which operate beyond the spotlight of the mainstream media. We have been blinded to what has been developing throughout the world.

The economic imperialism that has now blown-back to the United States and Europe has been evolving for decades and can be directly traced back to the end of World War II, to the birth of the CIA, International Monetary Fund (IMF) and World Bank.

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Klaus Brinkbäumer and Ullrich Fichtner - 10/04/2010

Three years ago, the International Monetary Fund was irrelevant, an object of derision for all opponents of globalization. Under director Dominique Strauss-Kahn and as a result of the global economic crisis, the IMF has since become more influential — governing like a global financial authority. It is also putting Europe under pressure to reform.

The building that houses the headquarters of the global economy is a heavily guarded, 12-story beige structure in downtown Washington with a large glass atrium and water bubbling in fountains. The flags of the 187 member states are lined up in tight formation.

Visitors walking into the office building find the cafeteria on the right, where many meetings are held. There, experts in their shirtsleeves, their jackets draped over the backs of chairs, drink lattes out of paper cups and talk countries into crises or upturns. A little farther down the hallway is the Terrace, the IMF building’s upscale restaurant where the director receives official guests.

On a Tuesday afternoon in late September, as the first leaves are falling from trees outside, the director, wearing a blue suit and a blue tie, is sitting on a blue couch high up in his office at the headquarters of the International Monetary Fund (IMF), outlining his idea of a new world. Some of it already exists, in the form of a new world order established in September 2008 to replace the one that was collapsing at the time. The result wasn’t half bad — but it is robust?

‘The Money Is The Medicine’

These are important times for humanity. The crisis has forced everyone to see many things from a new perspective. Now the IMF is preparing for its annual meeting on Oct. 8. Can it live up to expectations, and can it police the new global economic order and keep global banks in check?

“You have to imagine the IMF as a doctor,” says Dominique Strauss-Kahn, the 61-year-old director of the International Monetary Fund. “The money is the medicine. But the countries — the patients — have to change their habits if they want to recover. It doesn’t work any other way.” He smiles benevolently as he says these things, his eyes disappearing behind small cushions of wrinkled skin.

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Old Reb

The Federal Reserve uses euphemistic smoke and mirrors to obscure their operations. With full knowledge the following is not the way the Fed/government describes the system, allow me to offer a different analysis of their mathematical operation.

Congress can pay for federal expenses with funds collected from taxes, but Congress is never satisfied with this amount. The desire to buy votes/campaign contributions from special interest groups induces congress-critters to spend more, and this is identified as deficit spending. To create this make-believe money requires the assistance of the Federal Reserve.

Congress will give the Fed a security (bill, bond, or note) and the Fed will accept the document as an asset of one of the twelve FR Banks. The Fed will then establish a line of credit for the U.S. government for the same amount and list the liability as Federal Reserve Notes. Presto !! Fiat money has just been created for Congress to spend. Ref: 2009 Annual Report to Congress by the Board of Governors, page 448. The accumulated securities that are not redeemed add up to the national debt.

The fiat money is identified as a legal tender. A “legal tender” is something that is required by law to be accepted as payment for a debt - it is compelled satisfaction for, but not payment of, the debt.

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Joan Veon, May 13, 2010

The week of May 2 – 7, 2010 will go down in history as one of uncertainty and change. When I asked then UN Secretary General Boutros Boutros-Ghali in 1995 what he meant by change, he told me there were several forms of change but what he was talking about was CONSTANT CHANGE. Now that all of the barriers between nation-states have fallen with the exception of the regulatory laws which are about to fall, we will be subjected to constant change as there will be no barriers or borders between countries to prohibit global change and global chaos. Chaos always breeds opportunity to those who create it to take more power, to make money, and to change the world into their image.

In order to have global change you need to have global uncertainty. Last week saw a number of things occurring on an integrated world: the Senate Banking Committee appears to be getting closer to a bi-partisan agreement on regulation; the 1000 point drop in the market; the British elections; and the debt crisis in the European Union led by the debt of Greece.

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George Lekakis and Fleur Leyden - February 06, 2010

THE world’s top central bankers began arriving in Australia yesterday as renewed fears about the strength of the global economic recovery gripped world share markets.

Representatives from 24 central banks and monetary authorities including the US Federal Reserve and European Central Bank landed in Sydney to meet tomorrow at a secret location, the Herald Sun reports.

Organised by the Bank for International Settlements last year, the two-day talks are shrouded in secrecy with high-level security believed to have been invoked by law enforcement agencies.

Speculation that the chairman of the US Federal Reserve, Dr Ben Bernanke, would make an appearance could not be confirmed last night.

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Stewart Dougherty - Jan 22 2010

FOREWORD: At certain times, focusing on the big picture is important not just for investment success, but for personal welfare, and even survival. We believe such times are here. It is estimated that 98% of Americans have never held a gold coin in their hands. Yet 100% of Americans regularly handle Federal Reserve Notes. From a contrarian standpoint, the financial message from those two statistics is clear. Even so, gold is much more than money or an investment medium; it stands for liberty and throughout history has facilitated escape and ensured freedom. Never having touched a gold coin is the monetary equivalent to never having breathed fresh air, felt the warmth of sunshine, looked up at the stars or risen from the gutter. Fiat Federal Reserve Notes are becoming nothing more than sewage decomposing in the vast, toxic septic tank of predatory Washington politics, epic Federal Reserve arrogance and error, blatant Wall Street fraud and outright Master Class plunder. Below, we outline America’s troubling and compounding predicament, and urge you to think about how to protect yourself from its consequences, both financially and personally.

Thanks to the endless barrage of feel-good propaganda that daily assaults the American mind, best epitomized a few months ago by the “green shoots,” everything’s-coming-up-roses propaganda touted by Federal Reserve Chairman Bernanke, the citizens have no idea how disastrous the country’s fiscal, monetary and economic problems truly are. Nor do they perceive the rapidly increasing risk of a totalitarian nightmare descending upon the American Republic.

One stark and sobering way to frame the crisis is this: if the United States government were to nationalize (in other words, steal) every penny of private wealth accumulated by America’s citizens since the nation’s founding 235 years ago, the government would remain totally bankrupt.

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Steve Perry, executive vice president of Visa Europe, says cash is expensive - a cost on society - and should be replaced by a cashless society.

Philip Aldrick - 11 Jan 2010

Steve Perry, executive vice president of Visa Europe, has a different take on the folding stuff packed in our wallets that most of us take for granted. “Cash is expensive,” he says. “We need to be using it less.”

Expensive? Vintage wines, maybe. Designer clothes, yes. Modern art, almost certainly. But cash?

“Why do you think supermarkets introduced cashback?” Perry asks rhetorically.
He has me stumped there. I tell him I always thought of it as a service for overdrawn students to drive a few more sales through the tills.

“No,” he responds politely. “It’s because they want cash out of the system so there is less to manage. Processing a transaction on a card can be cheaper than handling cash.”

Perry is a leading cheerleader for the cashless society. It’s hardly a surprising role, but its an argument he is finding increasingly easy to make. Last month, for example, the Payments Council announced to anguished outrage that in 2018 the cheque would be dead.

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Washington’s Blog, Dec. 7, 2009

As I have previously shown, speculative derivatives (especially credit default swaps or “CDS”) are a primary cause of the economic crisis. They were largely responsible for bringing down Bear Stearns, AIG (and see this), WaMu and other mammoth corporations.

According to top experts, risky derivatives were not only largely responsible for bringing down the American (and world) economy, but they still pose a substantial systemic risk:

• A Nobel prize-winning economist (George Akerlof) predicted in 1993 that CDS would cause the next meltdown
• Warren Buffett called them “weapons of mass destruction” in 2003
• Warren Buffett’s sidekick Charles T. Munger, has called the CDS prohibition the best solution, and said “it isn’t as though the economic world didn’t function quite well without it, and it isn’t as though what has happened has been so wonderfully desirable that we should logically want more of it”
• [...]

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Mark Mitchell - 07 October 2009

As should be clear from the contents of Deep Capture, the world of illegal naked short selling is a weird one, populated by sociopathic billionaires, slick lobbyists, famous felons, bent regulators, crooked law firms, corporate spies, message board maniacs, sinister banks, shifty private investigators, mendacious professors, professional dissemblers, propagandists, grifters, thugs, liars, and the Mafia.

Things become all the more weird when you consider that regulators and law enforcement do almost nothing to stop naked short selling, even though a growing number of prominent people – everyone from U.S. Senators to George Soros – insist that criminal naked short sellers helped take down Bear Stearns, Lehman Brothers, and the American financial system. Then there’s the weird fact that anybody who tries to shed light on this weird state of affairs is quickly subjected to smear campaigns that are…weird.

Anyway, message to Matt Taibbi: Welcome to our world.

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A fine introduction to DTCC, Gary Weiss and the incredible investigative reporting at Deep Capture.

Little Alex - 13 September 2009

Sunday’s Washington Post reports that “J.P. Morgan Chase for the first time convened its board in Washington this summer, calling the directors to a meeting at the downtown Hay-Adams hotel, then dispatching them to Capitol Hill for meet-and-greets,” highlighting the bed-sharing between State and economy in an article titled, “In Shift, Wall Street Goes to Washington: District Rises as New Financial Center”.

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