NEW WORLD ORDER DEAD AHEAD

http://ppjg.me/2014/06/16/new-world-order-dead-ahead/

 In the age of information, ignorance is a choice

 Marti Oakley ECONOMYFed Reserve & Fiat Currency Bank of International SettlementsBretton Woods conference in 1944CIACouncil on Foreign Relations,economyFederal ReserveFederal Reserve Bank of New Yorkfiat currencyGoldman Sachsinternational monetary fundJim CarterNew World OrderSection 1Title 26Wall Street FinanciersWorld Bank Leave a comment

Tags: Bank of International Settlements, Bretton Woods conference in 1944, CIA, Council on Foreign Relations, economy, Federal Reserve, Federal Reserve Bank of New York, fiat currency, Goldman Sachs, international monetary fund, Jim Carter, New World Order, Section 1, Title 26, Wall Street Financiers, World Bank | Categories: ECONOMY, Fed Reserve & Fiat Currency | URL: http://wp.me/pbAGr-7WJ

 

 

Jim Carter contact: ppj1@hush.com

 

Also, Mark Carney, CEO Bank of England; Carlos Moedas, Secretary of State Portugal; ex Goldman men. It would be the epitome of human folly to ignore the repetition of the same Wall Street financiers–who have routinely inflicted financial chaos and abject poverty by debt upon the under-developed world for decades; who now have leading roles in enforcing national IOU’s in Europe which they created and they are now devastating each nation; who created and manage the $17 trillion debt of the United States; who are additionally the putative recipients of hidden profit from their Federal Reserve Ponzi scheme that embezzles trillions of dollars from the U.S. government; who permeate and use the U.S. Treasury and other government departments to profit their international business conglomerates; who are additionally major lobbyists and the largest campaign contributors for political candidates.

 

The 2008 worldwide financial chaos started on Wall Street with a sudden realization mortgage backed securities (MBS) were junk bonds. Some pundits claim the bonds were fraudulently represented to European bankers. European banks holding these securities panicked from devalued reserves. (do you think some European bankers told some NYC bankers they would be swimming with concrete boots if they did not buy $700 billion of toxic bonds real quick ?) Loans ceased to be available. Construction ceased while taxes from manufacturers and retailers plummeted. Tax revenue could not cover government fixed expenses. Financial operations of European nations became managed by creditors to guarantee payments on sovereign debt while social programs and government salaries have been slashed. Economists without a PhD would say a bubble burst.

Is there evidence the International Monetary Fund (IMF) and World Bank (WB) have similarly created debt in lesser-developed nations for decades and the same financiers are now moving up to European nations? Is this the advance of the New World Order that has been touted by the Council on Foreign Relations (CFR) for 70 years? Is the $17 trillion debt of the United States handled by the same financiers and is it now in the initial stages of collection? Has the major funding for these financiers for the past 80 years come from profit concealed by the Federal Reserve Bank of New York (FRBNY) which legally belongs to the U.S. government?

The answer is a collective YES.

The frustrating part is that the financiers received and hid the entire value of the U.S. debt when it was created that funded the conquest but they will also garner lavish $100 million annual remuneration when their fraudulent Ponzi scheme plunges the U.S. society into gut-wrenching poverty.

THE LOAN ARRANGERS

Goldman Sachs (Goldman) assisted Greek politicians (who also ran the national bank) in 2003 to cook the books and impose massive debt upon the citizens (via derivatives and CDS) without their knowledge. Goldman made an initial gross profit of 600 million Euro on the arrangement and then made bets the “shitty” bonds would fail. The chaos of Greece has resulted in massive layoffs of government and civilian employees, loss of governmental services, impoverishment of the nation, riots, and has reduced much of society to dumpster diving. A Goldman man is now the Greek prime minister. The debt arranged by Goldman has been turned over to a troika of the IMF, ECB, and EC that is also supervising the finances of Cyprus and Portugal.

Goldman representatives are also alleged to control the finances of Germany, Italy, Belgium, France, and UK to guarantee payment of debt. Even the CEO of the European Common Bank (ECB) is from Goldman. / Spain, Portugal, Ireland and Iceland each have severe economic problems of similar origins.

The loan arrangements of the WB and the IMF have resulted in impoverishment of numerous nations. After preliminaries, the following “conditionalities” are demanded. A select elite operate// businesses manufacturing exports paying poverty wages while confiscated agricultural land produces items for export. Foreign contractors controlled by the elite have priority on required work. Food and essentials must be imported with control by the elite. National assets such as hospitals, utilities, and roads must be privatized for the lenders’ profit. Currency is devalued to benefit the creditors. / Society becomes a few rich elite with masses living in squalor; the middle class is eliminated. / Nations are plunged into destitution while Wall Street financiers receive $10 to $100 million in annual compensation.

The IMF and WB were established at the Bretton Woods conference in 1944 with primary architects being Alger Hiss and John Maynard Keynes. The first U.S. delegate to the IMF was Harry Dexter White. The agencies have headquarters in Washington D.C.. The IMF determines quota for shareholder nations based upon ability to pay. The U.S. quota for 2013 is SDR 42.1 billion (about US$64 billion). The U.S. has a 17.69 percent shareholder dominant control alleged by one source to be exercised by Timothy Geithner and Ben Bernanke. Another document lists Meg Lundsager as Director on the Executive Board to the IMF. One source identifies the U.S. government as paying 41 % percent of total quotas while another IMF source lists 17.69 percent. The IMF holds 2,814 metric tons of gold among other assets.

The U.S. is also the dominant 15.86 percent shareholder of the WB. Robert Zoellick from Goldman was president of the WB from 2007 to 2012. He has also served as deputy Secretary of State. Lewis Preston from JP Morgan served as president from 1991 to 1995. Alden Clausen from Bank of America was president from 1981 to 1988. Ministers of Finance usually represent nations except for the U.S. The two organizations have an annual meeting together. Construction bonds are sold to raise capital. The groups claim that programs are derived from the United Nations to minimize U.S. government interference.

Members of the WB must first join the IMF by paying an assigned quota, and also pay 88 percent of the IMF assessment to the WB. Then, in summary, the nation must pay US$141,000 and $1.3 million in other assets to purchase shares of the WB. The nation is further obligated to have $22 million available in callable assets. Refusal to join or engage in a project can result in an initial penalty of trade sanctions.

The United States is the exclusive nation that has veto power over any policy change of the IMF and the WB. It is incontrovertible that Wall Street controls the two entities while they have an international government facade.

Ms. Lael Brainard, Undersecretary of the U.S. Treasury, formally requested the U.S. contribute $64 billion to the IMF on April 24, 2013. / The clarity of financial commitments and handling of U.S. obligations, as evidenced by the video of the committee hearing, appears to make the “shitty” Goldman debt to Greece a simple IOU. Obscuration is very profitable for financiers. One wonders if the IMF is ready to transfer physical possession of gold as collateral (at $32 per ounce) to the U.S. (not to FRBNY) for $64 billion.

Rampant corruption within the WB has been reported by whistle blower Senior Counsel Karen Hudes who exposed programs of the Bank of International Settlements (BIS) and the Federal Reserve to control nations. She was promptly sacked (pardon the pun). /

The CEO of the IMF has confirmed the objective of world government. /

INITIATING DEBT

Joseph Stiglitz, former chief economist for the WB, has commented that a ten percent commission for a corrupt politician (such as a finance minister) in a hidden bank account can readily result in a huge debt imposed upon the citizenry beyond their ability to pay. A private debt then becomes a public obligation.

A typical project will raise funds to build a huge electrical power plant or some other large capital investment. The financiers sell bonds backed by the government. The loan requires construction be performed by firms chosen by the lenders. The electrical power will be used to process the nearby aluminum mining owned by the lenders. After construction is finished, the export of ingots to the U.S. is determined to be unprofitable and is discontinued. The nation loses the revenue of the mining but must still pay for the construction bonds, which results in national financial chaos and austerity.

Iceland, as a different methodology, was fleeced by foreign bankers that corrupted the CEOs of Iceland’s three banks. The common thread is that monumental taxes are imposed to pay a pseudo-government debt arranged by a foreign financier which crushes the nation .

Chossudovsky documented numerous third world nations impoverished by the IMF through currency devaluation. The European Central Bank (ECB) is restricted in its issuance of Euros by a requirement to obtain authorization from 17 EZ who use the Euro of the 28 EU member nations. This restricts the issuance of fiat money. (An alternate fiat currency by the IMF could be SDRs.) If the European nations give the ECB authority for unrestricted printing of the Euro (to save Europe from financial disaster, of course) it will affect each and every nation of the Common Market. It will allow stealing the wealth of each member nation by the printing press just as interest bearing Federal Reserve Notes replaced U.S. Notes in the United States during 1913 to 1933. It will put all of Europe under perpetual inescapable exponentially increasing debt. /

[QUESTION: Is the Euro issued to the 1500 eligible banks with the same fraudulent hidden profit scheme the Federal Reserve uses for Federal Reserve Notes? See footnote 52. The Rothschilds have used this scam for centuries.]

The Council on Foreign Relations (CFR, created by David Rockefeller) is a social facade of businesses and organizations to multiply gains and eliminate competition. The organization’s secret agenda is to promote a “New World Order” that will be led by the financial elite; it is touted as the utopian society. / Theories documenting several centuries of existence abound. /

The interlocking Board of Directors of major businesses which allows control by Wall Street involving Rockefeller trusts and foundations has been known for decades. / Recent research concludes sixty percent of global revenue is through Transnational Corporations controlled by financial interests on Wall Street. One percent of corporations control more than 40 percent of world trade. / Such concentration is identified to cause economic instability. / The common ownership of commercial enterprises with government coercive power to eliminate competition does not appear to be in the best interest of the people.

The relationship between international financial institutes is not completely harmonious despite the close affiliation. Stories circulate that Dominique Strauss-Kahn was promoting a new world reserve currency to replace the U.S. dollar.  A visit to New York City is alleged to have led to incarceration and trumped up criminal charges. Charges were dropped after he resigned as head of the IMF. / Several years ago the BIS announced it was going to audit the Federal Reserve. It is not known to have occurred.

It should not be concluded that Wall Street is alpha cock of the financial roost. The Bank of International Settlements (BIS) in Basel issues regulatory decrees that have world wide impact. Basel I (1988) and Basel II (2004) required international banks to maintain specified reserves. Mortgage backed securities were valued at face value while gold was valued at 50 percent of market value. Basel III (2010) authorized banks to use gold as a tier I asset (100 percent of market value) in addition to US dollars for calculating reserves. The result is that banks have been purchasing huge quanties of gold (with less demand for dollars). / The current (manipulated ?) depressed price of gold may be to allow members to purchase bargains.

The precise nature of how BIS owns (the gold assets) and controls the international banks, and how the Bilderberg group / is affiliated, is left for another day, but the objective of European sovereign control being usurped by financial entities has been observed. Godfrey Bloom, UK member of the EU Parliment, expressed his concern over nationalistic control objectives of the EU after he was rebuked by the group: “Already the Euro nationalists have one currency, one flag, one anthem, a foreign service and are creating a home office for justice…They are creating here one Parliament with one executive and one EU citizenry. ..The EU Commission have already taken control of the economies of Ireland and Greece, no doubt others to follow.” /

A former IMF administrator for Ireland, Mr. Ashoka Mody, has stated imposed austerity has never resulted in successful resolving a heavy international debt problem. / (IMF headquarters disputes the statement). But Mr. Mody has missed the point. Austerity is imposed for the financial benefit of Wall Street and that has been enormously successful. The poverty inflicted on various nations is incidental and inconsequential to the IMF.

The Wall Street Journal informs us the IMF is projecting tax increases in a considerable number of “advanced” nations such as the U.S., Europe, and Japan. The story relates it will be a “insignificant” tax on the wealthy. We all know how that goes. Does David Rockefeller pay any personal taxes?  Tim Geithner only pays taxes when he wants congressional approval for a government appointment. The IMF is telling us the middle class is going to get reamed (the IMF says the U.S. has way too low of a tax rate. A seizure of 71 percent has been proposed on bank balances.) just like what has been done in the under-developed nations. The future U.S. society will consist of the abject poor and the elite—no middle class. /

The tax used to confiscate the wealth of the middle class U.S. citizen is called the income tax. Little is the public aware that the statutory imposition of the tax (Title 26, Section 1) was removed by a slight wording change during the rewriting of the Code in 1954. If such a tax existed, it would be an improper infringement on the Right of the citizen to pursue a livelihood as secured by the clause of Liberty in the Fifth and Fourteenth Amendments. By not having a liability statute, the tax cannot be alleged in legal process (indictment or information) and submitted to contestation with the burden of proof upon the government as to its validity. The courts rely upon the penalty provisions of sections 7201 through 7215 to enforce a scam tax that does not exist. / Lawyers who vigorously assert constitutional rights have been incarcerated and have their professional careers ruined.

ENTER THE ENFORCERS

It would be a mistake to blame greedy politicians for all of the rapacious debts. John Perkins informs us that if the financier’s offer of a loan is refused, the CIA “jackals” are called in for a “wet operation” (murder). / It is assumed similar pressure may be put on nations to coerce membership in the WB and IMF. Colonel Gaddafi refused to join and paid the price after several unsuccessful attempts. The CIA attempted to kill Castro (who nationalized U.S. company assets and casinos after the CIA helped him overthrow Bastista) numerous times. /

The CIA’s School of the Americans (now WHINSEC) brings foreign military leaders to the U.S. for training. The sessions include recruiting CIA assets along with teaching torture and suppression of protests against their local government. It also permits screening and recruitment of future puppet leaders for nations that require a coup if a ruler becomes reluctant to pay a debt. Al Queda was created by the CIA in the 1980’s (with Osama ben Laden as the leader to drive the USSR out of Afghanistan. When Osama wanted the U.S. out of Afghanistan, he had to go.) and is now spun as the cause for endless violence, terrorism and martial law. /

Numerous sources including the congressional Church Committee have confirmed nefarious acts by the CIA. They include initiating terrorism disguised as revolutions and assassination squads not always in the best interests of the U.S. / / Blackwater (now Academi) mercenaries have acknowledged being operatives of the CIA. The CIA as the muscle arm of the CFR should be obvious; the U.S. government does not have a financial gain from exploitation.

The CIA has been identified by an Italian Supreme Court judge as the controlling element used by the Bilderberg organization to manipulate governments such as in Operation Gladio involving numerous murders. / Rulers who put national interests before financiers’ exploitative interest are demonized by the U.S. as building nuclear weapons, or abusing the indigenous people, or harboring terrorists, or using chemical weapons, or possessing weapons of mass destruction, or some such. If the methodology developed by CIA agent Kermit Roosevelt in 1954 (of recruiting local malcontents and dregs of society with promises of grandeur and supplies of weapons for a rebellion against tyranny) to overthrow the miscreant ruler fails, the U.S. media (all members of the CFR) will be used to inflame the masses to support U.S. military aggression. Recipients of CIA/Wall Street largess include Saddam Hussein, Osama bin Laden, Fidel Castro, Muammar al-Gaddafi, Chavez, Samosa, Noriega, Shah Pahlavi, Stalin, and Hitler.

If nationalistic priorities preempt exploitation, the ruler must go. Hitler was TIME magazine’s 1938 Man of the Year, but then he attacked Stalin. Antony Sutton has documented Wall Street’s sponsoring of Stalin while publicly demonizing him. When Aleksandr Solzhenitsyn made the same observation, his U.S. speaking tour was abruptly canceled. Wall Street could not let JP Morgan’s $60 million investment in the Bolshevik Revolution (that gave Morgan the Czar’s largest gold hoard in the world and a huge oil field) be attacked. If prompt policy decisions were not available from Moscow, they could be obtained from Manhattan.

The U.S. military is the ultimate force to squelch any recalcitrant nation or depose any ruler who establishes a central bank that is not subservient to the BIS. A compliant press to ballyhoo national defense and security is assured by CFR members for the proper spin to gain public support. War mongering is a most profitable business for the CFR. / While war yields profit, it additionally diverts public attention from scandals and oppression at home.

War has a lengthy history of being used by financiers to further their gain. The Magna Carta was the result of King John being pressured to invade Normandy. The Barons who would have had to finance and man the invasion revolted and, at the point of a sword, forced King John to capitulate. The London financiers were dispossessed, suffered bodily harm, and were exiled. /

The CIA uses the U.S. military as a cover, as a supplier of material, and as a source of mercenaries. / U.S. embassies are routinely used as an operational base for the CIA and at least one (Libya) has been alleged to be a torture prison and the source of arms for foreign rebels. It is Wall Street that determines the next nation the U.S. must destroy. /

President Obama, his parents, and his grandparents have a lengthy history with the CIA. /

President George H.W. Bush was CIA Director in 1976. As President, he invaded Iraq in 1991 over weapons of mass destruction that were never found. Numerous other lies to hype aggression have been documented. He called for a New World Order in a speech before Congress on September 11, 1990 and in a speech before the United Nations on September 21, 1992. Colonel Oliver North confessed that Bill Clinton, as governor of Arkansas, facilitated the CIA operation of gun running and drug smuggling after Ollie was granted immunity by Congress—and ridiculed congress for their efforts to control the CIA. The fatal mistake by President Carter was to slash funding for the CIA and his termination of 500 agents. Barbara Honegger claims that Bush (as ex-head of the CIA) and the head of the Democrat National Committee successfully made a deal with the Iranians to defeat Carter with the “October Surprise.” /

JFK made an oath to shatter the CIA after he took the blame for the CIA’s sabotaging the Bay of Pigs invasion. He also planned for the U.S. to discontinue the CIA’s war in Vietnam. / Did Richard Nixon nixing of the CIA’s use of Tibetans for warmongering with China lead to the CIA’s blundering men burgling Watergate? Tapes released in 2013 reveal that Nixon was concerned that factors would torpedo the summit between the U.S. and the Soviet. He warned Kissinger that if they did, he would publicly denounce them on prime time television. The CIA is suggested to have torpedoed Ike’s dream of peace talks with Khrushchev by using a sabotaged CIA U2. / Messin’ with the CIA can have repercussions.

Yugoslavia (Bosnia) was a victim of a more traditional invasion by the U.S. military after the nation refused to be controlled by the BIS banking system and would not allow western powers to exploit their vast natural resources. /

Military action and false flag tactics by the CIA have been evidenced from Tonkin Bay and the Bay of Pigs. / Even before the CIA, HMS Lusitania was a thinly disguised British naval vessel carrying civilians and 500 tons of contraband military explosives deliberately sent into a German submarine patrolled area at reduced speed without escort or evasive maneuvering — it was a set-up used to hype the U.S. into WW I. Similarly, the Japanese diplomatic code was broken 17 months before the “non-surprise” attack on Pearl Harbor. / The oil from Indonesia occupied by Japan was coveted by Wall Street. The 9/11 terrorist attack which collapsedthree towers of the World Trade Center has endless evidence the official report conflicts with any rational analysis. The monumental resources necessary to produce the preliminary conditions, the acts of violence, and the cover-up of forensic evidence far exceed the capability of any cave-dweller in Afghanistan. /

THE EXECUTIVE BRANCH

The US Department of Treasury has been involved with the Financial Stability Board (FSA,”the fourth pillar of international economic control”) of the World Trade Organization (WTO). They and G20 now assert international regulation of shadow banking. A report claims, among other things, to contain authorization to seize bank deposits as in Cyprus. / Compliance with Wall Street objectives is historically confirmed.

Greg Palast has posted an expose’ of an internal memo dated 1997 from Tim Geithner to the Deputy Secretary of the U.S. Treasury Larry Summers. The memo relates how the U.S. Treasury is negotiating (in secret and on behalf of Wall Street) for the FSA to redefine commodity to include the “end game” of financial instruments. All foreign governments would then be required to guarantee payment of derivatives held n their banks. /

Implementation of the plan was led by Geithner and is asserted to have caused the European chaos. The memo includes the private telephone number of five major Wall Street CEO’s so the acceptability of the negotiations could be readily confirmed.

Larry Summers, the boss of the above scheme suggested by Palast to be a criminal offense, has been the Chief Economist at the WB and has worked for a hedge fund. As Secretary of the Treasury he strongly opposed regulation of Credit Default Swaps and other financial controls, and was nominated for CEO of the Federal Reserve. Tim Geithner went from a Treasury neophyte to the IMF then to CEO of FRBNY, to tax evader, to Treasury Secretary who wanted a trillion dollar bailout for banks and for the Fed to have expanded powers, to potential CEO of Federal Reserve.

Total exposure of derivatives (creations of Goldman that now has a minimum $41 Trillion exposure; $70 Trillion by Morgan Chase) may exceed $600 or $1,000 trillion and is largely held by four Wall Street banks. A successful hedge fund operator recently kept a $2 billion profit made on derivatives while depositors will have their bank accounts seized when derivatives tank. Small wonder the government is buying arm and ammunition for many government agencies to suppress public reactions. State police forces are also being militarized to control demonstrations.

TREATIES, PACTS, AND PARTNERSHIPS

A 1972 Executive treaty gave control of 68 percent of U.S. National Parks to the United Nations. Legislation has since required Senate approval of treaties but Secretary of State, John Kerry, claims to be able to make valid U.N. arms control agreements. Executive negotiation and international agreements are touted to supersede any provision of national sovereignty or any act of Congress.

The General Agreement of Tariffs and Trade (GATT) was an instrument initiated by David Rockefeller. President Nixon’s adamant opposition to the loss of sovereignty of the instrument, and his unknowingly being surrounded by Rockefeller’s CFR men, weighed heavily in the plot to remove him from office. /

Another early treaty was North American Free Trade Agreement (NAFTA), which, according to some reports, bankrupt Detroit for the benefit of CFR members. The land grab by United Nations Agenda 21 involves UN control over huge areas imposed under the guise of environment protection for the economic benefit of elites. /

Outspoken opponents of Agenda 21, such as Stacy Lynne, have had their children kidnapped, have been labeled enemy combatants and lost all constitutional rights to Due Process. Similar plans for large scale incarcerations of dissidents and “domestic terrorists” have been leaked in FM 3-39.40 Internment and Resettlement Operations. /

The Transatlantic Trade and Investment Partnership (TTIP) is being negotiated by the Trade Representative (an Executive office) “to accord non-discriminatory treatment to investments and investors from each others’ jurisdiction for both new and expanded investments, with only limited exceptions (taken on a negative list basis).” Parenthesis in original. / This is understood to read: Wall Street financiers cannot be excluded from local markets. Sovereignty over investment questions would lie in the WTO to decide disagreements. Any new investment cannot be challenged on a national basis and any absconding of money (theft) is legal unless it is specifically listed on a negative list.

The TTIP usurpation of sovereignty over the United States and European nations is being secretly fast-tracked by President Obama at the negotiations of July 2013. The CFR is pushing for bankers to have financial control of the U.S. similar to the troika control of Europe. / The CFR and CIA are claimed to be responsible for creating the EU with the U.S. to be merged later.

The Trans Pacific Partnership (TPP) has involved negotiations with nine nations for seven years pursuing similar control over: “…trademark, geographical indication (cellphone and GPS ?), copyright and related rights (control of the Internet?), patents, trade secrets (protection for CFR members only?), genetic resources (such as GM crops?), and traditional knowledge (any adverse comment on world government is a crime?)…” / An international body would adjudicate questions over these items. The concentration of authority is similar to WB/IMF demands imposed upon creditor nations. Jonathan Turley identifies the TPP ambition to control a monopoly market in pharmaceuticals. /

The Central American Free Trade Agreement (CAFTA) reduces tariffs for member businesses and involves massive transportation corridors for the CANAMEX highways. To reduce the cost of acquiring land, the military of the United States is being used in cooperation with local politicians (under coercion) to drive real estate values down or to drive occupants off their land without compensation. Tariffs by a nation is replaced by permission purchased from CAFTA for international trade. To expect the nations to prosper would be optimistic, at best, when compared with the documented results from the same organizers who control the IMF and WB.

The WTO has announced their first trade agreement. Details of the agreement are not available but the same altruistic objectives of helping poor nations, of eliminating poverty, of feeding the hungry have been common in declared goals of the IMF, WB and the Federal Reserve. Interpretation and enforcement of the treaty will rest with the same operators who have exploited nations, who have impoverished entire societies, and who have brought starvation. To expect different results from the WTO treaty would confirm Barnum’s axiom; “There is a sucker born every minute.” /

Clearly, treaties are used to further NWO control and assistance comes from within the United States government in accordance with the objectives of Wall Street.

THE FEDERAL RESERVE

Is the United States immune to this worldwide exploitation by Wall Street now being experienced in Europe? Clearly not so. The lingo of austerity to condition the public to hardship is already in the media. Government spending and taxation is escalating while the people are warned of reduced government benefits and jobs (and airline traffic delays). The $17 trillion in national debt hangs like a Sword of Damocles while the people are not aware of the fraudulent nature of the inescapable obligation nor the dire consequences of debt collection.

Every dollar of deficit spending ($4 Billion EVERY DAY –7/52 !!) is hidden profit for the Federal Reserve Board of Governors ({BOG}, with ownership assumed but assured to include Goldman and other Wall Street banks) using the auction accounts of Treasury securities. The $8.5 trillion annual receipts and disbursements of the auction accounts are exclusively handled by the FRBNY. They have never been subject to external audit nor are they reported to Congress as required by law. No viable alternate mathematical conclusion for revenue from deficit spending securities has been found. /

The profit of the Federal Reserve (Fed) legally belongs to the government and assuredly the purloined funds have helped finance the Wall Street cabal. Concealment of funds that belong to the government is embezzlement. The Fed operates a Ponzi scheme that is inherently designed to self-destruct. The debt, once started, can never be paid. Issuing a Treasury security to the Fed for deficit spending creates the (book entry) principal of the “loan.” The interest to pay the loan does not exist nor is it created. (The fractional reserve practice of the commercial banks does not change this. Each dollar of reserve has been created from a Treasury security or its numerical multiple. Hypothetically, paying off the national debt to zero would collapse the entire ‘reserve’ to zero and still leave the interest to be paid.) A contract that cannot be culminated is void from its inception — it is an act of fraud. / The Wall Street bankers are alleged to be owners of the (privately owned) BOG.

The perfidy of the Federal Reserve has been taken to the courts in a whistle-blower suit. The court declined to expose the institution that produces so much money for the government to spend on judges’ salaries. Whether the BOG is operating as a government contractor rather than a government agency, or has lost sovereign immunity for systemic violation of its statutory charter or as a criminal embezzler, depends upon the viewpoint. /

[NOTE: The Federal Reserve banks have recent congressional authority to write checks on their own accounts (i.e., to create money as used in the quantitative easing {QE} purchases) in the same manner as commercial banks. They are not restricted by a reserve requirement as are the commercial banks. The Fed can potentially write any amount to cover all loss from derivatives held by Wall Street banks that become worthless. The guaranteeing of derivatives, which were created by Goldman, will be like the banks writing themselves a check then having the public pay them for it.]

Every action of the Federal Reserve for the past five years, which cloaks its operation in as much secrecy as possible, has been to protect Wall Street and international bankers. A Federal Reserve whistle blower relates the more than $1 trillion created by QE’s was to rescue New York banks; it was not to help the economy or homeowners. /

To conclude the $17 trillion national debt (and growing exponentially) will be forgiven is naive. Wall Street banks that handle the redemption of Treasury securities will foreclose in any number of ways. The devouring of Greece and Cyprus will be but a morsel compared to the frenzied gorging on the citizens of the U.S. being endlessly plundered.

[The FRBNY is reported to hold 7,700 tons of gold in its vaults asserted to belong to other nations. The hoard has never been audited. Germany’s demand for the return of their gold has been refused. Gold bars from Fort Knox sold to China were found to be bogus with the Fed being implicated. / ]

Wall Street banks also control the Depository Trust and Clearing Corporation (DTCC) which handles $1.7 quadrillion in securities annually. The ownership of equity or securities held by DTCC is valued at $40 trillion book entry transfers of shares are made for financial market purchases. John Q. Public believes he owns shares in XYZ Inc; actually, DTCC owns the shares. Dividends from companies go to DTCC for distribution. Delays in the transfers of ownership stock have been made at the option of DTCC. Facilitation of naked short selling is also a recorded practice. The bottom line is to reflect on confiscation of depositors’ money with claims they are a subordinate equity position. The Cyprus pattern of seizure (as was done with MF Global) will continue to expand to guarantee banks holding derivatives do not face bankruptcy but, naturally, the elite will be exempt.

INCREASE DEFICIT SPENDING

Democrats quickly contributed to Fed profit by deficit spending with a social agenda including conservation projects, WPA, food stamps, housing assistance, medical care, and such. The benevolent concern for society disguised the confiscated funds being absorbed by an elite egocentric government overhead. The courts reimposed societal mores and work ethics proven self-destructive at Plymouth Rock using expansive constitutional enhancements.

Fiscal policies of the Republican “Old Right” were more frugal. Murray Rothbard relates that Joe McCarthy unwittingly helped open the government spigot. / With Bill Buckley’s war mongering in NATIONAL REVIEW trumpeting the communist menace and red-baiting, the “New Right” increased government deficit spending on militarism. That not only gave direct profit to the owners of the Fed but also profited the manufacturing members of the CFR. “[T]he more (Murray Rothbard) circulated among these (National Review) people, the greater (his) horror because (he) realized with growing certainty that what they wanted above all was total war against the Soviet Union; their fanatical warmongering would settle for no less.” Rothbard concludes Buckley had been a CIA agent and NATIONAL REVIEW was a CIA operation. (id 161, 169.)

The issue is not Democrats verses Republicans, nor liberal verses conservative, nor progressive verses neocon; the issue is Wall Street verses the People. Politicians of both parties pretend spending by the federal government is free money. They ignore the reality that government has nothing to give except what it has confiscated from the citizenry. The overhead cost for government of social programs runs to 80 percent; for military expenditures the cost to society is much higher and deadlier.

Mr. Buckley did not reveal the Soviet Union was the result of $60 Million invested by JP Morgan to finance the “cheapest revolution I every bought.” The Bolshevik Revolution relied upon crucial U.S. government assistance to get the two kingpins to Moscow. The prize for Morgan (a shill for the Rothschild family) was the world’s largest hoard of gold held by the murdered Czar. The USSR was a straw enemy controlled out of Manhattan but ballyhooed as a need to build an indispensable U.S. military power. / The 1945 Communist expansion in the Far East was also a deliberate U.S. foreign policy. / After the collapse of Communism, the war mongering was packaged as protecting the U.S. from terrorism. The CIA is invariably found supplying arms to at least one faction of the acts of terrorism. Frequently, the tyrant being deposed had been pressured to purchase military armament from the U.S. — with U.S. (taxpayer) subsidized money of course. If the first customer does not buy, the second one will and then the CIA will threaten the first. General Smedley Butler was recruited by Wall Street to run for President in the 1930‘s. He chose instead to reveal their perfidy. /

The election of either political party into control of Congress then carries the potential to be used to profit Wall Street. Politicians love to spend somebody else’s money to buy votes at home and let the next generation pay the hidden cost of it. Whether it is money for a medical program, or a new bridge, or to build solar panels, or a new airport, or sports stadium with matching funds from state or local governments, the debt is financed through Wall Street and the piper does not play for free. Wall Street does not demand economic ventures backed by the government to be cost effective.

Corruption by politicians in the United States is eliminated by definition. Campaign contributions, lobbyist’s gifts and perks, and insider market tips are defined by law to be legal — or result in winks. Some surveys suggest the group with the fastest increase in net worth is politicians. Opposition to legislation favorable to Wall Street will find political opponents with huge campaign war chests. And thus, for a few pieces of silver, are politicians intimidated to sell the birthright of the Nation, but much influence can be made without even being elected.

REVOLVING DOOR EMPLOYMENT

Numerous Goldman employees have worked for the U.S. government in key positions. They include Barack Obama with Goldman being his largest campaign contributor ($884,907). An unknown freshman congressman was able to get elected President, and reelected, without a birth certificate (a record of live birth available to a parent upon request without a doctor’s certification was offered) or challenge by either political party – and with judicial immunity. The Manhattan office of both political parties agreed to the plan. The Barack Obama record of constitutional trampling, of unrestrained spending, of claims of executive immunity from accountability, of consolidating all political power within the executive penumbra, is unprecedented. / A lengthy list of Goldman employees who moved to government positions has been compiled. / Should pundits conclude Goldman already controls the U.S. government?

Hank Paulsen (ex CEO of Goldman, sometimes Paulson) as Secretary of the Treasury begged Congress for $700 billion to save his $500 million in Goldman stock from bankruptcy with the pretense of saving American International Group (AIG) and the Nation. / Paulsen also eliminated more than $200 million in taxes with his brief government employment. Goldman received more than $14 billion from the bailout of AIG. More than a $1.5 billion benefit went to Goldman from the “fiscal cliff” settlement of December 2012. / Goldman borrowed $784 billion from the Fed between 2008 to 2010 while 953 employees received bonuses over a million dollars.

An extensive listing of putative criminal actions by Goldman, including deliberate fraudulent actions that caused the 1929 collapse, has been compiled. Goldman created derivatives and MBS are identified as causes of the current chaos. /

This writing has dealt primarily with Anglo-American entities. Evan Jones has written Australian banks, with British ties and judicial assistance, are deliberately ruining viable businesses to reap bankruptcy bargains. /

CONCLUSION

The U.S. government is facilitating a national self-destruction for the benefit of Wall Street’s megalomaniac obsession. The pattern has been field tested by the IMF and WB for decades and is now being used in Europe. The $17 trillion U.S. debt is the end goal collection.

Every dollar of the $17 trillion national debt has been a profit for the Fed hidden by the FRBNY. When the economy slows as debt instruments (derivatives, MBS) are exposed as worthless (market value is destroyed), more deficit spending is required to “stimulate” the economy (read– maintain the status quo by inflating values and buying derivatives and MBS to rescue TBTF Wall Street banks). Stocks (owned by the rich) increase in value from inflation but fixed assets (CD’s, life insurance, etc., owned by the middle class) lose value. The stumbling economy causes reductions in tax revenue which defunds social programs (i.e., austerity) while the public is told the government debt is inviolable. Seizure of assets in bank accounts and DTCC will occur. The government will have a fire sale of government assets to Wall Street — on the financiers’ terms — as in Greece. Owners of the Fed will acquire the entire United States and the people will be paupers — just as they did in Haiti. Ref. DAMNING THE FLOOD by Peter Hallward

OLDDOGS COMMENTS

Out of the thousands of articles I have read about the bankers, I do not remember any with this kind of detail.

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