[incest] the relationship of choice in finance

There's too much going on out there in the financial world but here are few snippets which give a glimpse of the climate we, the consumers, are subject to.

Let's start with the Goldman Sachs theft. A Goldman Sachs former employee somehow was able to walk away with trading software which would enable him to manipulate financial markets. Assistant U.S. Attorney Joseph Facciponti said:

The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways.

Now that's rather interesting, firstly because a former employee was able to walk away with this capacity [and who knows whom that has been sold on to] but also because of the position of Goldman Sachs in the markets. So, if whoever has this tool can manipulate the markets, what then was Goldman Sachs doing with it? Keeping it safe in the interests of the innocent consumer?

In a nasty exchange in July 2009, as Wiki reported, popular news website huffingtonpost listed an item from Rolling Stone Issue 1082-83, where Matt Taibbi takes on "the Wall Street Bubble Mafia" — investment bank Goldman Sachs.

Matt Taibbi writes 'The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.'

The piece has generated controversy, with Goldman Sachs firing back that Taibbi's piece is "an hysterical compilation of conspiracy theories" and a spokesman adding, "We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance in being a force for good."

Taibbi shot back: "Goldman has its alumni pushing its views from the pulpit of the U.S. Treasury, the NYSE, the World Bank, and numerous other important posts; it also has former players fronting major TV shows. They have the ear of the president if they want it."

Let's move on. The Commodity Futures Trading Commission was criticized during the beginnings of the crisis for not exerting its powers to stem the tide of disaster. Now it's gone full circle:

The Commodity Futures Trading Commission will announce today plans to introduce curbs on speculation of commodities including energy, the Washington Post reported today, citing a statement from the U.S. agency.

The CFTC will limit the size of a single firm’s investments on a particular commodity, the newspaper reported on its Web site. The agency would hold hearings on its proposals, according to the newspaper.

The new curbs would require approval from CFTC’s commissioners, the newspaper said.

So, the CFTC, a supposedly independent government watchdog, now not only has the power to regulate markets but is being ordered to do so. And who is the Commodity Futures Trading Commission chairman? Gary Gensler, ex Goldman Sachs.

Moving on to the non-President himself:

The current chief economic adviser to President Obama, Lawrence Summers, was noted for receiving $5.2 million from hedge fund D.E. Shaw in 2008 and speaking fees (ranging from $45 thousand to $135 thousand per event) from banks including Goldman Sachs, JPMorgan Chase, Citigroup, Lehman Brothers and Merrill Lynch at a time when he was expected to become the most influential financial official in the U.S.

Interesting about Morgan there because they have an alleged history of producing crises in order to profit from them and having made their killing, then heartily support draconian regulation with new players favoured by them.

And how sound are the non-President's policies in job creation and its effect on the future economy? Just take the Cap and Trade plan:

Adversely affected employees in oil, coal and other fossil-fuel sector jobs would qualify for a weekly check worth 70 percent of their current salary for up to three years. In addition, they would get $1,500 for job-search assistance and $1,500 for moving expenses from the bill's "climate change worker adjustment assistance" program, which is expected to cost $4.2 billion from 2011 to 2019.

So, acting on advice, the non-Pres is investing trillions in new technologies which don't yet exist and at the same time, is using billions of the taxpayers' money to actually compensate, in a very real, money out of the coffers way, employees now consigned to the scrapheap for the non-Pres's "vision".

So, there seems to be a quite cozy, incestuous thing going on between government and the finance, especially where certain banks are automatically bailed out but others are left to go to the wall, where certain firms are favoured and others not helped at all, a la Morgan and Peabody op.cit.

The Bank for International Settlement's annual report, p124, states:




Translated, that means that certain zombie banks will be allowed to fail while the "good banks", e.g. Morgan and Goldman Sachs, are allowed to practise their sound financial policies [as in the 2008 crisis] and Paul Tucker of the Bank of England went further in saying that banks must now have inbuilt the mechanisms for orderly wind-ups so it doesn't impinge on the economy [read the financial operations of the successful banks].

Interesting that Paul Tucker is also a director of the Bank for International Settlements. A mini- profile of the man:

Paul Tucker (born 24 March 1958) is the Bank of England's executive director for Markets and has served on the Bank's Monetary Policy Committee from June 2002.

Although a central bank insider, Mr Tucker has been at odds with the governor at times. It is widely known that he, among others there, favoured relaxing the money-market rules in August and December last year – long before Mr King reluctantly agreed.

Another director of the BIS is a man called Ben Bernanke. A little profile:

Ben Shalom Bernanke is the Chairman of the Board of Governors of the United States Federal Reserve.

In a letter to Congress from New York Attorney General Andrew Cuomo dated April 23, 2009, Bernanke was mentioned along with former Treasury Secretary Henry Paulson in allegations of fraud concerning the acquisition of Merrill Lynch by Bank of America. The letter alleged that the extent of the losses at Merrill Lynch were not disclosed to Bank of America by Bernanke and Paulson.

Merrill Lynch, Morgan, Goldman Sachs – the names keep popping up, don't they?

In 1966, Carroll Quigley [do your own research on his connection with Bill Clinton] wrote a book: Tragedy and Hope: A History of the World in Our Time, in which he made a statement about what the world financial giants are trying to achieve:

This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations.

The simplest way for the layman to get an idea of the Bank for International Settlements is via Wiki:

It is not accountable to any national government. The BIS carries out its work through subcommittees, the secretariats it hosts, and through its annual General Meeting of all members. It also provides banking services, but only to central banks, or to international organizations like itself. Based in Basel, Switzerland, the BIS was established by the Hague agreements of 1930.

Urofsky, Melvin; Paul Finkelman (2002). A March of Liberty: A Constitutional History of the United States Volume II From 1877 to the Present, 2nd Edition. Oxford University Press. pp. 674, quoted President Franklin Roosevelt's comment to Edward M. House on November 21st,1933:

The country is going through a repetition of Jackson's fight with the Bank of the United States - only on a far bigger and broader basis.

Who was Colonel House? In 1921, Colonel House reorganized the American branch of the Institute of International Affairs into the Council on Foreign Relations (CFR). Since that time, the only President to have not been directly affiliated with the CFR was John F. Kennedy.

Kennedy Special Adviser John Kenneth Galbraith said:

Those of us who had worked for the Kennedy election were tolerated in the government for that reason and had a say, but foreign policy was still with the Council on Foreign Relations people.

You can draw your own conclusions about all of this.

[socialism] and the myths we're fed

.

Treaty of Rome

Leon Trotsky [of icepick fame] was reported to have said:

"throughout the whole history of the British Labour movement there has been pressure by the bourgeoisie upon the proletariat through the agency of radicals, intellectuals, drawing-room and church socialists and Owenites who reject the class struggle and advocate the principle of social solidarity, preach collaboration with the bourgeoisie, bridle, enfeeble and politically debase the proletariat.”

Leon, get knotted. You can talk, having been smuggled into Russia with the collusion of Morgan associates.

Now the Higham confession. When I were a wee lad, I went by the old adage that:

Anyone who wasn't a socialist in his youth had no heart. Anyone who is still a socialist in his old age has never grown up.

... and I was a paid up member of the Fabians. At university, I was on the secretariat of the Anarchist Revolutionary Students in Education [ARSE] and we sent all our demands to the Vice-Chancellor on loo roll. Then followed a stint as secretary of the Apathy Club, members being on pain of excommunication if they ever attended our irregularly scheduled and then postponed meetings.

Davignon

It took me two years to wake up and become a signed up member of the Young Conservatives, which ushered in an era of really fabulous knees-ups, private swimming luncheons and bonhomie. Flushed with the success of my new bourgeois, imperialist-running-dog, exploitative capitalism, a group of us set up and registered Truly Ruly Enterprises Ltd, a company limited by guarantee and hosting wonderfully liquid board meetings, where it was wise to conclude the main business about fifteen minutes into the exercise.

The trouble is, there are two kinds of socialists - the vicious, nasty, enslave-the-world head honchos [Mandelson, Sutherland and their lackeys] and then a second type.

This second type you find among our blogfriends at this site, at your site, generously sprinkled about and the thing which characterizes them is their niceness and genuine love of humanity. Every time one of us writes a scathing post on socialism, they are genuinely hurt by it and wish we could see that it is the only fair way in the world, that so many people are in dire straits and the state needs to, nay, must help out the less fortunate and that there must be a safety net for the incapable, the disabled and so on and so on.

This love of humanity manifests itself in multi-culturalism, i.e. the right of all people, white, black and orange to have a say and a vote, the right of all people to free speech, the right to state assistance with their family and the right to a slice of the national pie. That's about as far as the usual socialist political consciousness goes.

What is not in their consciousness is that their sweet utopianism is susceptible to the carrot used by the hardliners who really do not have the love of humanity at heart one little bit and who know, cynically and full well, what certain policies lead to and what they enable.



Here are some quotes from hardliners:

Abolition of all ordered governments, private property, inheritance, patriotism, the family, religion and the creation of a world government [1776, Weishaupt]

Far from this being the rantings of one isolated kook, George Washington commented, in 1798:

"It is not my intention to doubt that ... the principles of Jacobinism had not spread in the United States. On the contrary, no one is more satisfied of this fact than I am."

Jefferson added [in 1816?], concerning the control of the means of wealth:

"If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."

Friedman

British Illuminist [the name did not then have quite the worldwide connotations of the current day] Frances "Fanny" Wright, in 1829, gave a series of lectures in the United States, where she announced that various subversives and revolutionaries were to be united in a movement that would be called "Communism." She explained that the movement was to be made more acceptable to the public by professing to support "equal opportunity" and "equal rights."

Marx continued the deception but what most don't know is that he was a member of the League of the Just, which supported the Weishaupt principles above.

John Ruskin, in 1870, was named Professor of Fine Arts at Oxford University and taught his students that the government should take control of all means of production and distribution, and that he was prepared to place control of the government in the hands of a single man:

"My continual aim has been to show the eternal superiority of some men to others, sometimes even of one man to all others."

This is the constant error small "s' socialists make and have always made - they really believe that, in a redistributed utopia, they will be empowered.

Er ... quite the opposite, in fact.

Cecil Rhodes, on Feb. 5, 1891, combined his group from Oxford with a similar group from Cambridge headed by William Stead. Rhodes and Stead were members of the inner "Circle of Initiates", there also being an outer circle known as the "Association of Helpers." Their agenda was the same.

Balls

Lord Alfred Milner, from 1909 to 1913, organized the "Association of Helpers" into various Round Table Groups in the British dependencies and the United States.

Around the same time, Congressman Charles Lindbergh Snr charged:

"This act [establishing the Fed] establishes the most gigantic trust on earth. When the President signs this act the invisible government by the monetary power, proven to exist by the Money Trust investigation, will be legalized … The worst legislative crime of the ages is perpetrated by this banking and currency Bill."

This placed real power in the hands of twelve banks and those present on Jeckyll Island three years earlier , to set it up, were a Who's Who of the same Weishaupt/Wright/Rhodes/Ruskin political outlook.

This is the mammoth lie believed by the "nice" socialists of my acquaintance - that it is the Capitalists [and this includes, in their minds everyone from the giant internationals to the chains of stores across the nation] who brought on the crash and the new depression of our current era.

The deception is that while it is impossible to defend the outright and indefensible greed of speculators and futures players, they are still pawns in a game induced by the international socialists, people such as House and Warburg who understood the power contained within human ambition. The aim has never altered and always comes back to the first quote above.

Lamy

To continue:

In 1921, Colonel House reorganized the American branch of the Institute of International Affairs into the Council on Foreign Relations (CFR). Since that time, the only President to have not been directly affiliated with the CFR was John F. Kennedy. Kennedy Special Adviser John Kenneth Galbraith said:

"Those of us who had worked for the Kennedy election were tolerated in the government for that reason and had a say, but foreign policy was still with the Council on Foreign Relations people."

Incidentally, regarding Obama, a Paulist supporter recently stated this:

Barack Obama may not an official member of the Council on Foreign Relations. Nevertheless, he and his presidential campaign are incontrovertibly affiliated with and supported by numerous (corporate) CFR members. His wife, Michelle Obama, is a member of a branch of the CFR in Chicago. The Obama campaign has taken major contributions from corporate CFR members such as:

JP Morgan Chase & Co - $282,387
Goldman Sachs - $474,428
Lehman Brothers - $274,147
UBS (ag) - $298,180
Citigroup - $247,436
Google - $192,808
Time Warner - $190,091

Back to the timeline

Concerning the Great Depression and the country's acceptance of FDR's New Deal, Congressman Louis McFadden asserted, around 1931, before his unfortunate demise:

"It was no accident. It was a carefully contrived occurrence. The international bankers sought to bring about a condition of despair here so they might emerge as the rulers of us all."

The "Plan for Peace" by American Birth Control League founder Margaret Sanger was published in 1932. She called for coercive sterilization, mandatory segregation, and rehabilitative concentration camps for all "dysgenic stocks," including Blacks, Hispanics, American Indians and Catholics. The American Birth Control League eventually became Planned Parenthood.

Not many are aware of that.

The appropriately named Faust

HG Wells proposed, in 1939:

... a "collectivist one-world state" or "new world order" comprised of "socialist democracies." He advocated "universal conscription for service" and declared that "nationalist individualism is the world's disease."

He continued: "The manifest necessity for some collective world control to eliminate warfare and the less generally admitted necessity for a collective control of the economic and biological life of mankind, are aspects of one and the same process."

He proposed that this be accomplished through "universal law" and "propaganda".

Moving on, the Senate Foreign Relations Subcommittee introduced, on Feb. 9, 1950, the Senate Concurrent Resolution #66 which began:

"Whereas, in order to achieve universal peace and justice, the present Charter of the United Nations should be changed to provide a true world government constitution."

The resolution was introduced by Senator Glen Taylor (D-Idaho), who later stated:

"We would have to sacrifice considerable sovereignty to the world organization to enable them to levy taxes in their own right to support themselves."

This guiding principle was neither more nor less than the current NAAC proposal for the NAU, due to begin on March 23rd, 2009. It comes to the same erosion of national sovereignty.

They never stop, these people:

The World Federalist Movement stemmed from The World Association of Parliamentarians for World Government [set up in 1951] which drew up a map designed to illustrate how foreign troops would occupy and police the six regions into which the United States and Canada would be divided as part of their world government plan.

Strong

Rowan Gaither, President of the Ford Foundation, told a Congressional commission investigating tax-exempt foundations, in 1953:

"We at the executive level here were active in either the OSS [forerunner of the CIA], the State Department, or the European Economic Administration. During those times, and without exception, we operated under directives issued by the White House. We are continuing to be guided by just such directives, the substance of which were to the effect that we should make every effort to so alter life in the United States as to make possible a comfortable merger with the Soviet Union."

That's on the Congressional record. It's not made up - check for yourselves. Norman Thomas, who six times was the candidate of the Socialist Party for President of the United States, observed, in 1959:

"The American people will never knowingly adopt Socialism, but under the name Liberalism they will adopt every fragment of the Socialist program until America will one day be a Socialist nation without knowing how it happened."

And so it goes on:

"The Future of Federalism" by Nelson Rockefeller, in 1962, claimed that current events compellingly demanded a "new world order." He said there was:

"A fever of nationalism...but the nation-state is becoming less and less competent to perform its international political tasks...These are some of the reasons pressing us to lead vigorously toward the true building of a new world order...Sooner perhaps than we may realize...there will evolve the bases for a federal structure of the free world."

A document entitled "Marriage and the Family" was published by the British Humanist Association, in 1969, stating that:

"some opponents of humanism have accused us of wishing to overthrow the traditional Christian family. They are right. That is exactly what we intend to do."

Sutherland

President Carter's National Security Advisor, Zbigniew Brzezinski, wrote a book in 1970 entitled "Between Two Ages." He stated:

Marxism is simultaneously a victory of the external, active man over the inner, passive man and a victory of reason over belief...Marxism, disseminated on the popular level in the form of communism, represents a major advance in man's ability to conceptualize his relationship to the world."

In his keynote address to the Association for Childhood Education International in 1972, Chester M. Pierce, Professor of Education and Psychiatry in the Faculty of Medicine at Harvard University, proclaimed:

"Every child in America entering school at the age of five is insane because he comes to school with certain allegiances toward our founding fathers, toward his parents, toward a belief in a supernatural being. It's up to you, teachers, to make all of these sick children well by creating the international child of the future."

Observe the result today. You think that was a one off by a fruitcake? What about this? Catherine Barrett, former president of the National Education Association, wrote, on Feb. 10, 1973, that:

"dramatic changes in the way we will raise our children in the year 2000 are indicated, particularly in terms of schooling. We will need to recognize that the so-called 'basic skills,' which currently represent nearly the total effort in elementary schools, will be taught in one-quarter of the present school day. When this happens - and it's near - the teacher can rise to his true calling. More than a dispenser of information, the teacher will be a conveyor of values, a philosopher. We will be agents of change."

On May 18, 1972, Roy M. Ash, Director of the U.S. Office of Management and Budget, declared that:

"...within two decades the institutional framework for a world economic community will be in place...and aspects of individual sovereignty will be given over to a supernational authority."

Pottering

The Club of Rome issued a report, in 1973, entitled "Regionalized and Adaptive Model of the Global World System." This report divided the entire world into ten kingdoms. Now this is a supposedly high-capitalist money lender. What would they be doing drawing up world boundaries? Their brief is purely fiscal, surely?

Did all this end in the modern era? Not a bit of it.

In 1981, Congressman Larry McDonald called for comprehensive congressional investigation of the CFR and Trilateral Commission. In 1983, he was killed, along with 268 other passengers on Korean Air Lines (KAL) flight 007, shot down over Sakhalin Island in the Sea of Japan.

More recently, CBS reported:

Under the classified "Continuity of Operations Plan," which was first reported by The Post in its Friday editions, high-ranking officials representing their departments have begun rotating in and out of the assignment at one of two fortified locations along the East Coast.

The Post said the first rotations were made in late October or early November, a fact confirmed by a senior government official late Thursday. Officials who are activated for the duty live and work underground 24 hours a day, away from their families, according to the Post.

The shadow government has sent home most of the first wave of deployed personnel, replacing them most commonly at 90-day intervals.

When quizzed on this, George Bush replied:

"I have an obligation as the president and my administration has an obligation to the American people to put measures in place that should somebody be successful in attacking Washington there is an ongoing government," Mr. Bush said. "That is one reason why the vice president was going to undisclosed locations. This is serious business. And we take it seriously."

Very serious business indeed - ensuring the survival of the leadership while the population is left to fend for itself. This can go on and on, quote after quote.

Mother of Darkness

In summary

There are two kinds of socialists - the dangerous type, quoted at length above and comprising ostensibly GOP and Democrat, Conservative and Labour supporting pollies, along with CP, Demos, Mandelson, Sutherland and their ilk, who are pursuing a policy of the impoverishment and enslavement of the people under the lure of spoils and their own "personal safety" in the coming disintegration ...

... and then there is a different type.

These are the "lesser people", like you and me, some having swallowed the Marxist guff from the "great thinkers" who permeate every aspect of life from schools to the law, to medicine, to the media, film and literature, from the greens to the "isms" of the current day and who see a better world of fairness and justice ..

They're not far away, in their basic sense of humanity, from the small "c" conservatives who believe in free enterprise, the right to make of oneself what one can, the values of family and faith, of freedom of speech and a sense of real justice.

The small "s" socialists, good people at heart, just cannot see, in those hearts, that the ideal they aspire to is an impossibility, for the same reason as in 1917 Russia and everywhere else revolutions have taken place - namely that there is an organized, all-pervasive network of people across the globe, with a financial and business leadership in charge, who hijack any socialist agenda for their one world purposes and use coercion and clandestine planning to achieve it.

No one I know who comes under the misnomer right wing would not support care and assistance for the needy or wouldn't help out a friend in need get back on track; no small "t" tory I know is not compassionate. No one I know begrudges a certain amount of tax to help out with these things.

The U.N. meditation room - the relativist religion of the new order

The small people are people, after all and in this respect, we're not so far apart.

Where the enormous difference is, is that those who vaguely label themselves socialist have swallowed the notion that coercion and legislation by government can produce a fairer society, that you can force someone else to give up what he has worked for and give it to people who have no intention of working.

They've crossed the line, these small "s" socialists, the moment they feel that coercion and the big stick, that the enforced redistribution of this mythical and static "wealth", the so-called National Pie, is fair in itself.

You see, there is no National Pie.

The national pie is no more than the sum total of workers producing things and selling them and everyone works best when it is for his own family and there is a personal goal in it.

You can't legislate away people's incentives and force people to accept that state of affairs because lurking behind the principle of enforced redistribution is also the principle of enforced restriction on freedoms, on the right to free speech on the freedom to associate and also lurking behind it is the gathering of the means of sustenance into a central place to be meted out as, when and how the secretariat sees fit.

Not only that but the ability of people to produce for themselves is actually then outlawed and dissent is taken care of through the latent criminalization of the citizen by means of the explosion in new laws.

Yes, the small "s" socialist decries the greedy bankers and speculators; yes the small "s" socialist cries that there is no social justice. Yes, yes and yes - you are correct in this. We totally agree. But going the path of Big Brother and the coercion route is the road to hell, the road to the elite concept of the world as outlined in the quotes above.

Please wake up and realize that the war is between the internationalists who are using the naivety of idealistic people and people with genuine grievances, e.g. the women's movement, using them, hijacking and twisting their agendas

... and the ordinary people, homo sapiens, will be the sufferers. That means you and me.

.o0o.

UPDATE: Fortuitously, Ian Parker Joseph also posted on this matter and brought my attention to Postman Patel's post, pointing out that where I wrote this:

The World Federalist Movement stemmed from The World Association of Parliamentarians for World Government [set up in 1951] which drew up a map designed to illustrate how foreign troops would occupy and police the six regions into which the United States and Canada would be divided as part of their world government plan.

Postman Patel wrote, in his post:

He predicted that the U.S. will break up into six parts - the Pacific coast, with its growing Chinese population; the South, with its Hispanics; Texas, where independence movements are on the rise; the Atlantic coast, with its distinct and separate mentality; five of the poorer central states with their large Native American populations; and the northern states, where the influence from Canada is strong.

Ian rightly points out that that is a very large coincidence to swallow.



This report has also been covered at All Voices. H/T Kevin.

[sonus] understanding issues: part 6

This is the concluding article by Sonus in his series on what bedevils us as a society at the current time, its antecedents and implications for the future. I would dearly love to see an attempted, detailed fisking of this series and Sonus’s reply to that.

So far, I can only conclude that he is cannot be gainsaid.

Part 5 of this series can be read here.



Lets get straight into it!

Further Reading/Watching.

Two

Three

Four

MY CONSPIRACY THEORY, THAT OTHERS FAIL TO COMPREHEND, PROBABLY INTENTIONALLY AS IT WOULD ROCK THEIR BOAT, FINALLY GETS PUBLICITY FROM ANOTHER SOURCE.

THE SOONER THIS UNDERSTANDING GAINS MOMENTUM ON BOTH SIDES OF THE ATLANTIC, THE SOONER THESE BLATANT CRIMINALS ARE JAILED, THE BETTER! THE EVIDENCE OF CONSPIRACY IS CRYSTAL CLEAR.

And an indication for the future, - IN THE UK TOO.

In a earlier part, I mentioned “Interest Rate Swaps”. Rob Kirby recently penned an article, further incriminating Greenspan in the financial collapse.

The Fiat system was showing signs of failure in many areas, and as I explained in a previous section, the Fiat owners would do anything, including the sacrifice of the wealth of the nation, to save “their” system. Once again the usual banking culprits are involved. This came in addition to the “Plunge Protection Team”, mentioned in part 3. JPM was authorised under National Security, via Negroponte. A very opaque communique was issued.

Over to Rob.

Fed mismanagement has corrupted the entire US financial system.

And remember who holds all the Gold derivatives. But the CFTC can't investigate, - “National Security”!

My ass! - - JPM, a Fed proxy, acts with impunity to distort the GLOBAL Financial system.

In Part 5, written 10 days ago, I discussed the replacement of the Dollar as the Global Reserve Currency, and positions that would be taken by the various actors.

Here is the Russian position going into the April G7 meeting. They are clearly pissed with the US.

And China agrees with Russia. Concern over the value of the Dollar increases as the Fed engages in Quantitative Easing.

Now this information is dated, BUT, take a look at the list of members of the CFR and the Trilateral Commission.

Note Volker, note the Wall Street presence, note the military, the media coverage, (yup, even Sesame Street!). This is TOTAL Deepcapture. Total control. You only know what they want you to know.

Most of all, read the notes towards the bottom of the article. Read and weep, again!

And a quote from the final few paragraphs :-

"In the economic-technological field, some international cooperation has already been achieved, but further progress will require greater American sacrifices. More intensive efforts to shape a new world monetary structure will have to be undertaken, with some consequent risk to the present relatively favorable American position." --Zbigniew Brzezinski, CFR member and founding member of the Trilateral Commission, and National Security Advisor to five presidents.

"The technotronic era involves the gradual appearance of a more controlled society. Such a society would be dominated by an elite, unrestrained by traditional values. Soon it will be possible to assert almost continuous surveillance over every citizen and maintain up-to-date complete files containing even the most personal information about the citizen. These files will be subject to instantaneous retrieval by the authorities." –Zbigniew Brzezinski

"[There must be] some dilution of sovereignty, to the immediate disadvantage of those nations which now possess the preponderance of power ... the establishment of a common money, might be vested in a body created by and responsible to the principal trading and investing people. This would deprive our government of exclusive control over a national money." --John Foster Dulles, CFR founder, former Secretary of State, 1939

"There must be a thoroughgoing reform of the world monetary system ... For its part, I can assure you, the United States will continue to rise to its world responsibilities, joining with other nations to create and participate in a modern world economic order." --President Richard Nixon, CFR member, 1972”

And add in :-

“This regionalisation is in keeping with the Trilateral Plan, which calls for a gradual convergence of East and West, ultimately leading toward the goal of one world government. National Sovereignty is no longer a viable concept”. - Zbigniew Brzezinski, National Security Adviser to President Jimmy Carter.

The dates on these quotes and details in the closing paragraphs not quoted here, identify an intention to dominate the World, via a New World Order, that is almost 100 years in planning. The CFR mention a ruling elite, and a desire for secrecy and un-attributable news, a demand that the “public” remain in ignorance of their intent. This will NOT BE DEMOCRACY, it will be post democracy, financially controlled, minutely controlled, chipped populations, as Nick Rockefeller stated in the youtube linked to previously.

Brown in the UK is not acting alone with RFID chips and data bases here, there, and every where, he is following the original CFR script, written by Zbigniew Brzezinski decades ago.

Tell me that is not a global conspiracy for total micro control and personal monitoring! (currently, 25% of global CCTV cameras are sited in the UK! To monitor 1% of the global population!)

A further quote from the above link :-

“By Charles Overbeck (PSCPirhana) Matrix Editor

The Council on Foreign Relations, housed in the Harold Pratt House on East 68th Street in New York City, was founded in 1921. In 1922, it began publishing a journal called Foreign Affairs. According to Foreign Affairs' web page (http://www.foreignaffairs.org), the CFR was founded when "...several of the American participants in the Paris Peace Conference decided that it was time for more private American Citizens to become familiar with the increasing international responsibilities and obligations of the United States."

The first question that comes to mind is, who gave these people the authority to decide the responsibilities and obligations of the United States, if that power was not granted to them by the Constitution. Furthermore, the CFR's web page doesn't publicize the fact that it was originally conceived as part of a much larger network of power.

According to the CFR's Handbook of 1936, several leading members of the delegations to the Paris Peace Conference met at the Hotel Majestic in Paris on May 30, 1919, "to discuss setting up an international group which would advise their respective governments on international affairs."

The Handbook goes on to say:

"At a meeting on June 5, 1919, the planners decided it would be best to have separate organizations cooperating with each other. Consequently, they organized the Council on Foreign Relations, with headquarters in New York, and a sister organization, the ROYAL INSTITUTE OF INTERNATIONAL AFFAIRS, IN LONDON, ALSO KNOWN AS THE CHATHAM HOUSE STUDY GROUP, TO ADVISE THE BRITISH GOVERNMENT. (Tavistock Institute). A subsidiary organization, the Institute of Pacific Relations, was set up to deal exclusively with Far Eastern Affairs. Other organizations were set up in Paris and Hamburg..."

(Emphasis, and Tavistock Institute, mine)

Explore the following links and their holding websites at your leisure.

One

Two

Three

So what organisation, among many, works according to Chatham House rules, has advised the UK Government, well nulab, since they were elected, and which is openly working towards a “post democratic” organised society?

Common Purpose!, and who was involved with Common Purpose at its inception? Geoff Mulgan. And which organisation did he represent at that point? Demos!

Who, or what was/is Demos? Demos is a creation of the Fabian Society, and Mulgan, via Demos was special advisor to T Blair. Yes him again, he who currently is employed by J P Morgan! (CFR represented)

And who is Mulgan? Ex LSE lecturer. And who were the original founders of LSE? The Fabian Society.

Who funded Demos, and Common Purpose? The Office of Deputy Prime Minister, ODPM, bruiser, and secretary shagger, Prescott. The ODPM also set up Regional Assemblies in line with EU prescribed geographical organisation structures, their links with local business that reek of moral hazard, and the local slush funds ermm, Regional Development Agencies, to guide finance into local projects, which once again reek of moral hazard. (Split 'em up in separate hierarchies so they can't organise resistance, then bribe 'em so they won't. Classic moves! Tried and tested.)

And all to comply with the EU, and the greater plan for the world and the new self anointed leaders.

And remember the link given previously.

It all becomes one great global organisation, consolidating power on its own terms.

And so we go full circle. Demos is now quietly advising Labour, Conservatives, and LibDems, - there is no difference between them, and no point in voting for them, and that is why they hate the BNP and the Libertarian party.

Mulgan wrote a book “The Invisible Hand Remaking Charities in the 21st Century”, and recently Miliband introduced legislation into the house that would allow charities to become politically active. There are 170,000 charities in the UK, turning over £44B pa. Clearly a problem. Thankfully the attempt failed, but you can see the direction of pressure!

The Media Standards Trust adjudicates on reports and complaints about media bias.

Look at the list of trustees. Sir David Bell (Chairman, Financial Times Group) is also Common Purpose, -( link below). Robert Peston is also Common Purpose, but he wouldn't want you to know;) The best part is that they share premises with Common Purpose, same rooms, and Common Purpose provides their IT functions.

Represented are, Anthony Salz (Executive Vice Chairman, NM Rothschild) , and Charles Manby (Goldman Sachs) , and best of all, Deputy Chair Julia Middleton (CEO, Common Purpose) .

Common Purpose have clearly got the Media Standards Trust sown up! So when you make a complaint about the BBC bias, who do you think gets to know? They compile lists. Common Purpose graduates in local authorities and other state bodies are also building lists of enquirers under the Freedom of Information Act! What an excellent way to acquire schedules of dissenters!

And Given the CP overwhelming representation, will the adjudication be impartial? Think of the banal justifications presented by the BBC in their answers!

Then look at Common Purpose details.

Common Purpose have progressed since I last looked. Notice the international banks there, Stock Exchanges, Bundesbank, Goldman Sachs, Irish Banks, Dutch Bank, AIG, National Treasury South Africa,

So we go full circle again. Goldman Sachs, (on both), AIG, Anthony Salz (Executive Vice Chairman, NM Rothschild)

This is really interesting.

There are a smattering of CFR names there too, and Bilderberg names too.

The net closes. - - - On us.

This blogsite is a mine of information, note the Toynbees, Rothschilds, Lords of the Realm, Royal Family, and mention of the creation of The Federal Reserve Banking System!

WOW!

Similar organisations are working to corrupt our children. This is a data base on CP. Click on your own area to find what's going on.

Click on “Mind Control” to learn what they are doing/intending to do to our children

Now I'm getting kinda angry!

And especially for my Honoured Friend who lives over in Sheffield, look at this list, which shows the degree of CP penetration in Sheffield.

Tell your son!!!

This is a prime example of a dysfunctional City.

Again, tell your son!! And remember, the courses/qualifications listed in the right-hand column of the graduate list were paid for out of council tax funds, taxpayer funds. Paid to a charity that has occupied Government offices just off The Moor, rent free, no lease, no agreement, for probably the last four years.

And you wonder why council taxes are going up, and services going down, and a monumental effort to criminalise everyone for minor infractions of “their” mindless rules, - - you have the answer, CP rules forced through,mandated centrally by nulab/EU politburo! Control!

And that is just one City!

Previously I linked to Nick Rockefellers hint to Aaron Russo concerning the future 9/11, and the use of RFID chips linked to Gov't data bases.

John D Rockefeller 3rd presented a cheque for $8,500,000 to Trygve Lie, first Secretary of the United Nations on 25th March, 1947. The cheque was to purchase land in Manhattan on which to build the UN building. Working through the CFR that they created, the Rockefeller family has been at the forefront of the drive to create a world government based on the principles of socialism and feudalism. They are in no doubt that they will succeed.

David Rockefeller, who lives at 146, 65th Street, between Lexington and 3rd Avenue, Manhattan, was the founder of CFR, and Trilateral Commission. He wrote a book in 2002, titled “Memoirs”. On page 405 he wrote.

"For more than a century, ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions.

Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world to build a more integrated global political and economic structure - one world, if you will. If that is the charge, I stand guilty, and I am proud of it,"

This is the family dynasty involved in funding the Grain store in the Arctic Circle mentioned earlier, who now push for natural seeds to be made illegal, whose co-conspirators predicted 9/11, and who plan the global use of RFID chips implanted in humans. How much clearer does it have to be? The only thing preventing mass realisation of this conspiracy is not the conspirators themselves, they are brazen, they don't hide their intentions, it is the mass incredulity of the general population.

Note that he accuses those who expose him as being “idealogical extremists”. Tried and tested techniques don't wash anymore, David!

Quotation. “The more we do to you, the less you believe we do to you”. Josef Mengele, Auschwitz POW Camp, Germany. “The Angel of death”

Let's go a short way back in history, and recall the video that you watched in Part I, about the history of Banking in the US:-

We are reminded of Morton’s words,

"Today the family grooms the inaudibility and invisibility of its presence, and as a result some believe that little is left apart from a great legend - and the Rothschilds are quite content to let legend be their public relations."

Behind the creation of the European Union is the Bilderberg Group, the deeply secretive cartel of leading bankers, heads of transnational corporations, politicians, academics and "opinion formers", media bosses and military chiefs.

The Bilderberg Group is part of a network including:

1. the Royal Institute of International Affairs (UK) Yes, them again, - see above!
2. the Council of Foreign Relations (USA)
3. the Trilateral Commission (USA, Europe, Japan)

All working to a common agenda.

One of the main goals of the Bilderberg Group from its official formation at the Hotel Bilderberg in Oosterbeek, Holland in May 1954, was to install a European super-state with a central bank and currency. The first chairman of the Bilderberg Group was Prince Bernhard of the Dutch royal family - a close friend and associate of Britain's Prince Philip, another Bilderberg attendee.

A former Bilderberg chairman is the former Secretary-General of NATO and British Foreign Secretary, Lord Carrington, a good friend of the Rothschild family, and long time Bilderberger Henry Kissinger. Prince Bernhard was a major influence behind the creation of the Bilderberg Group and the European Community - now the European Union - along with the Pole, Joseph Retinger. Retinger co-initiated the original Bilderberg conference in 1954, and was its Secretary until his death in 1960.

Also involved were infamous American Elite front-men like the Rockefellers, Averell Harriman and the Dulles brothers.

(So the Bilderberg membership of Prince Philip, and Lizzy's family lineage, explains Lizzy's speedy signing of the Lisbon Treaty, never reported in the UK press, but splashed all over the French Press., - Saxe- Coburg-Gotha - family name from Queen Victoria's Germanic consort, Prince Albert, that was altered in 1917 to the House of Windsor. Even the person we knew as Lord Mountbatten changed the family name at that time, from the Germanic “Battenberg”, - he was Lord of the Admiralty at the time.)

The European Union we see today has been designed from the very beginning by those who control the Bilderberg Group - the House of Rothschild, the Rockefellers.

Note on this listing the presence of Greenspan, and Monsanto.

And this PDF covers the 2008 Bilderberg meeting in the USA.

In the bottom right there is the list of attendees.

Bernanke, Geithner, Trichet, H M Queen of the Netherlands, Condoleezza Rice, David Rockefeller, McKillop - Royal Bank of Scotland, Merrill Lynch & Co, …....... And just look at the EU representatives.

So, CFR, Trilateral, meet Bilderbergers. These guys all know each other!

Carroll Quigley (1910-1977) Professor of History at Georgetown University, member of the Council on Foreign Relations (CFR), mentor to Bill Clinton ,wrote a book, Tragedy and Hope.

(And just for good measure, “The Creature from Jekyll Island”, and “Confessions of an Economic Hitman” my previous recommendations are on the same link. All good reads)

Tragedy and Hope relates how an international network of financiers has created a system of financial control able to dominate the political systems of all countries through their central banks. He named names and produced meticulous documentation. Initially suppressed, the book is now available.

The international network of financiers is revealed as behind, and controlling the CFR, and the CFR being an outgrowth of the secret society formed by Cecil Rhodes.

As you can see, Tragedy and Hope is available on Amazon. It is some 1,300 odd pages, and not cheap. However, if any readers are “file sharers”, it is easily downloaded.

Prof Carroll Quigley also wrote about the parent of the CFR, the secret society of Cecil Rhodes.

This book is available on the net for download, “The Anglo American Society”, here.

Another good read, but as with all things, it takes time to assemble the patterns and names, and thus realise the significance in ones mind.

Readers.

An evil presence, alien to all our perceived sense of “rightness” has its hands on our throat. We are all guilty of being asleep at the wheel.

It learned its early lessons from the Rothschilds family machinations, financing both sides in European wars, as they had learned that wars were by far the most profitable lines of their business model. Where nations wanted peace, they hired agents that would create unrest, and provoke nations into wars. Many, many family fortunes are built on the blood of others. That is the way we are, as a species. Have we come past that, I wonder!

Once central banks were formed, and Fiat money (debt) was issued, the financing of European wars was easy. Absent the third party financing of local warlords, which enlarged the field and reasons for conflict by many orders of magnitude, would the world today be different?

All we can say is that once Fiat currencies became acceptable and the debts created could be thrown onto the shoulders of the taxpayers, rather than the instigators, war became almost perpetual. The instigators could now wage war with personal impunity. The Bank of England was formed to fund a war.

After that:-

1689 – 1697, - War of the League of Augsberg

1702 – 1713, - The War of Spanish Succession.

1739 – 1742, - The War of Jenkins Ear.

1744 – 1748, - The War of Austrian Succession

1754 – 1763, - The French and Indian War.

1793 – 1801, - The War against Revolutionary France.

1803 – 1815, - The Napoleonic Wars

Many stories exist concerning the Rothschilds which always gloss over the resultant brutalities created.

That evil presence now takes many forms, it is a hydra.

I have detailed in narrative, and links, and in references to “The Creature from Jekyll Island” the growth of a structure specifically designed to control the US political body, and by manipulating the economy via booms and busts, it and its associated banks have made vast profits. I have detailed how formulas perfected during the S&L crisis in the 1980s under Volker, were used in other nations to profit from the crashing of those nations economies. (Confessions of an Economic Hit Man.)

I have shown how the federal reserve and other central banks have manipulated the price of Gold, a key monitoring mechanism of economic health, and how this has resulted in the false lowering of interest rates, to hide inflation, and coincidently, not mentioned before, the lowering of interest rates crowds out of the market savings for investment purposes, and leaves the market open for credit (debt) issued from the central banks.

I have shown how the global trading system became unbalanced with debtor and creditor nations balances totally deformed. I have shown how the instability of this system was crashed deliberately by the very banks who would suffer from such a crash, knowing that ultimately the taxpayer would have to carry their losses.

I have shown how the CFR, and the Trilateral Commission and their major players are active in all these events, and have predicted major events in the recent history, in their efforts to recruit celebrities to the CFR. I have shown via the writings and speeches of a notable Fed Chairman the level of Frankenstein economics one engages in when employed at the Federal Reserve. I have shown how techniques developed in recent history are now being deployed to impoverish the middle class of the western G7 in the current financial tsunami, and channel taxpayer funds into institutions that are Federal reserve proxies for economic manipulations, where the Federal reserve took part in the original negotiations (and the Treasury was also represented), yet kept knowledge of counter-party identities away from public scrutiny.

I have shown US Gov't published documents describing the methodology used in looting the taxpayer to cover bank loses, written by Nobel winning eminent economics professors in 1994.

I have shown how the US government was complicit in stopping state-level legal action that would have prevented obscene, predatory lending practices, that caused the initial sub-prime trigger. So take a look at Obama influences in this area.

I have shown that the public figures responsible for oversight, all being members of the CFR, or Bilderbergers, or The Group of Thirty, have all sought to say that there was no way they could have predicted the current catastrophe, when in fact, as senior members of those organisations and as professionals they would have been acutely aware of the game plan and the approaching problems. The mere appointment of Bernanke, given his previous writings, confirms this.

I have shown how these bodies have linked through to European bodies, the ECFR, and pointed out significant names.

I have shown how Common Purpose has expanded to include Media related companies, how trustees have interlocked, and how trustees are now being appointed from the self same banks, whose executives are members of the CFR, now involved in the theft of taxpayers money via bailouts mandated by the very structures that they created decades ago. I have also shown how Common Purpose and related bodies with a history originating in perverse left wing, Marxist bodies, with links to mind control and brain-washing exploitation methods, are now instrumental in perverting the education of our children, and also perverting their minds.

I have shown how CP, Demos, and other similar organisations were funded by, and are creatures of, the UK Government.

The details of the nulab political perversions in and of the UK society are covered well by other blogs which I am sure you are all aware of. I have tried to put the current tsunami into a Global, or at least, an international, context, because the nature of the threat is truly international.

I had recognised in the past that Common Purpose had a strangle hold on the UK which was unlikely to be defeated. Now that Demos is advising all 3 political parties, the Marxist subversion of the UK is almost complete However, I am very alarmed at the international expansion rate of Common Purpose, and the ties it now has with international finance.

Communism, in its many disguises did not die in the nineties, it had been quietly germinating in the West since the early 1900s, in the bodies I have listed. It is alive and thriving in nulab, the BBC, and in all state bodies. Its vile tentacles now infest our lives at every level, particularly in directives coming in swift staccato from the EU politburo, which I am sure you are aware of. Just examine the links provided.

You may ask why international finance would finance socialism in any form. Socialism, in its extreme forms, and right wing fascism, are almost identical. Remember that Hitler's party was the National Socialists, but it was Fascist. The answer is control. The fomenting of wars gets increasingly dangerous as weapons become more efficient., and democracies are not easily controlled, and elections every few years require a lot of planning to control. I note that in the EU, whatever elections may, or may not be held, the results will be irrelevant, as the parties seeking election have no EFFECTIVE votes, they merely seek entry into a vast gravy train. If a society can be taxed and controlled easily, then profits accrue just as easily, particularly as more revenue streams are opening up. Hence the moves involving personal monitoring and control.

Gee Whizz.

Now the Fed organises the Gang Rape of US taxpayers while it waves 2 fingers to the G20 agreement, before the ink has dried.

Well, these banks need dry ammunition for when the time comes to repurchase beaten down assets. It's all in the plan.

However the clock is ticking.

Brown continues with his Orwellian take-over and mind control.

And thinkers, while confirming my previous statements, try to assess the future.

One

Two

Someone has to stop the madness of the CFR, but the world is a power game, the “Great Chess Board”. Who is to say that Putin, or Wen, is not a closet Zbigniew Brzezinski, if the constraints of US hegemony were to be removed.

Zbigniew Brzezinski regards the power moves as a game, as his book suggests, a game of chess. The closer ties of the US CFR, followed by CFR finance, with the European ECFR are disconcerting, and into the levels of CP and others involved in training, are doubtless part of an evolving plan, a plan of control. Is Brown part of that plan?, or is he following his own Fabian/Marxist goals? Would he be aware of Brzezinski plans?, would any of the major parties be aware? Are the opposition parties aware of CP, etc, penetration, and are they turning a blind eye.

My guess is that they are aware, given Demos penetration. They are therefore complicit, and that bodes evil for the future UK. Never forget that control, and the imposition of “security measures” are justified through our created fear of terrorism and society violence. And who ignited the Fear of Terrorism? And who ignited terrorism itself? And who creates society violence through 24/7 booze laws and other techniques already discussed?

You guessed correctly. Our government.

Terrorism is increased by US and UK aggression in the middle east, ongoing for more than a century, orchestrated by, you guessed it. Puppets of the CFR, and their precursors.

How logical is it, that governments that are intentionally creating terrorism, would rationally allow virtually unfettered immigration in whatever form, of nationals from countries where “terrorism” is rife, if there wasn't an underlying intent to destabilise their own populations??And then state that the department responsible, and its control systems were Not Fit For Purpose?

(Was 7/7 a false flag operation? Many think it was! That's for you. I choose not to go there.)

Well, the result would be a frightened population who would welcome restrictive “controls”.

In the face of enormous increases in unemployment in the private sector, the already bloated public sector just gets more bloated.

This is economic suicide.

And in a few years the lights go out.

Add in the detailed CP subversion of functioning institutions to create destabilised malfunctioning institutions, and the manipulation of the minds of children, and adults, control of the media, and you see a totally broken nation a few years down the line!

No sane group of humans can naturally make so many apparent mistakes as nulab. Individually in their lives, had members of this corrupt government made so many personal errors, they would not be where they are now, alive.

One is forced towards one of two conclusions.

It is a deliberate scorched earth policy by a coterie of politicians who have recognised the impossibility of their re-election.

Or

It is a deliberate policy to destroy the country, socially, financially, economically, for a very long period of time. On the face of it, that begs a further question, - Why?

Answer,

Here.

This filthy corrupt Fabian/Tavistock/Marxist piece of dung disguised as a “government”, has deliberately set out to destroy this country, socially, educationally, and economically, all in the name of creating what? Why, a piece of Dung, subservient to the EU/CFR politburo.

Blair, Brown, Mandy, Millipede*2, and your entire coterie of crap, you should all be hanged, and gutted, very slowly!

Bill Gross of Pimco is a US “establishment man”, and his clients have benefited greatly from his anticipation of bailouts, etc, over the last year. His anticipation has been accurate.

Recently he made what is for him an astonishing statement to his clients.

This is seminal in the progression of this crisis.

“May 22 (Bloomberg) -- Pacific Investment Management Co.'s Bill Gross said the U.S. underestimates inflation by at least 1 percent, making some emerging markets more attractive investment candidates.

Changes in the way the Bureau of Labour Statistics measures prices over the past 25 years have led to the understating of inflation, Gross, co-chief investment officer of Newport Beach, California-based Pimco, said in a commentary on the company's Web Site today. The Federal Reserve's focus on ``core'' instead of ``headline'' inflation has also helped understate the increase in prices, he said”.

ROFLMAO Exactly what I have been saying in these pages, - manipulated beyond belief. Now the real world intrudes on 25 years of fantasy. The same holds true for the UK.

“Welcome to the real world” - Morpheus, Matrix, to Neo, whose eyes were opened for the first time.

Knock, knock, Brown, Merv, are you listening?

Can you say, “Investor Capital Flight”?

And possible fed capitulation of JPM market positions, and bankruptcy of JPM?

Well, I think not, at least while the Fed lives.

“Pimco favours commodity-based assets and foreign equities that are denominated in currencies that demonstrate ``authentic'' real growth and inflation rates. Investors should shun U.S. Treasuries and Treasury Inflation Protected Securities, or TIPS, because of their negative ``unreal'' yields as a result of ``artificially low inflation,'' he said.

``Investors might suddenly awake to the notion that U.S. inflation should be and in fact is closer to worldwide levels than previously thought,'' Gross said. ``Foreign holders of trillions of dollars of U.S. assets are increasingly becoming price makers, not price takers, and in this case the price may not be right.''

Emerging-market countries with economies similar to those of Brazil, Russia, India and China are ``obvious'' candidates for investment as inflation quickens, Gross said”.

--------------------------------------------------------------

Twenty five years of overstating GDP, understating true real world inflation, stealing from savers and taxpayers, cheating pensioners. Inflating equity prices, stock market bubbles. Deliberately crashing foreign economies, deliberately to steal crashed assets. Incessant foreign wars for raw materials.

Foreign governments are becoming price makers, and will no longer hold US (and UK) debt, as they WILL crash. Welcome to the third world.

Well said Bill. That's probably the first honest statement you've made in your career. The rats are leaving the ship.

-------------------------------------------------------

Today, as I write, it is the 21st/ March 22nd March, 2009.

Given the angle of the Earth's inclination to the plane of its orbit around the sun, and its' position in that orbit, now is an equinox. One of two days in the year when the day, and night, are exactly equal in length, time.

And the world as we know it is at a cross-roads.

Currently, the US, UK, Japan, and Switzerland are engaged in quantitative easing. Other nations may be quietly engaging in it, unannounced. It begins to resemble a race to the bottom. Last year a £ trillion quietly left the UK, causing a devaluation of the £ against the $, creating price inflation on imports.

The UK announced quantitative easing about a week before the US (well Bernanke announced it) announced it. Initially the £ fell against the $ on the UK announcement.

When the US announced quantitative easing, the $ fell against the £, reversing the previous move, reverting to roughly the exchange rates of three weeks ago.

(But gold reverted to previous levels against both currencies, whereas it should have been more expensive in terms of both currencies. JPM had a short position around $880, $890. The opening price on the day of the US QE announcement was $920, $930, ish. In the time before the announcement, gold was taken down to $885 ish, so that JPM could exit the short, and short covering in financials was also reported. Clearly insider knowledge, - JPM, - of Bernanke's announcement is very profitable!, and still “no change”, still the cabal, no over-sight, and so blatant! But then, it is “National Security”, after all! And the US expects foreign investors to trust it financially, Duh, - - quite the opposite!)

We are in uncharted waters, no-one has been here before, economists can build models, but no-one seems to agree.

The intention of QE is to inflate out of a deflationary spiral. The efficiency of QE largely depends on the efficiency of the “multiplier” effect, and this depends on the route that is used for QE.

The most efficient “multiplier” is the working man. He spends, (although initially he may save, or pay down debt in this environment) thus creating employment and bank deposits somewhere in the system, this, via fractional reserve lending is then multiplied (by ten in the model in an earlier part) and has an immediate effect on the economy, and quantity of circulating money. (the money in the bank, * ten is available for loan making, but this is dependent on new, stricter, loan criterior, and customer demand, so there is a time lag!)

To date, this method has not been used. Caution is the watch-word. The UK has chosen to purchase it's own guilts, and corporate bonds, where there is a significant time lag before effects are felt. They will look again in six months and decide how to use the second half of the £150 Bn.

Quantitative easing causes the devaluation of the currency, which in real world economics would tend to raise interest rates. The purchase by the UK of Guilts is designed to reduce interest rates at the long end, so exerting downward pressure on Mortgage interest rates, although the yield on the 10-year UK Gilt climbed 7bp to 3.02 per cent, even as the Bank of England continued to buy back government debt through its reverse auctions. Nevertheless the intention to reduce longer term interest rate has been successful.

And therein lies the difficulty. Without the interest rate increase it is difficult to attract foreign capital, and we need foreign capital because we run an obscene level Balance of Payments deficit, and an obscene Budget Deficit. There is thus the danger that the bank becomes the only purchaser of Debt, the “last chance saloon”. A circle that cannot be broken, a swift descent to the bottom, absent a vast increase in economic activity that leads to an export lead recovery. But export of what, and to whom? It is a global recession. They don't want bits of paper anymore! And Brown has deliberately ruined education and the economy for the last decade, and Mandy is screwing with manufacturing. I see no efforts to revive any decent manufacturing base, let alone a world class export attractive manufacturing base, it is beyond the comprehension of this moronic corrupt fabian government, who can't think beyond NVQs.

It is time we recognise Marxism for what it is, - the most dangerous theory of all time, that may now destroy Western Civilisation.

The more Byzantium could not cover its debts, the more it became aggressive against its own people. In the end it destroyed capitalism and freedom itself. Marx gave us the alternative to Capitalism, - Communism, that was just a false dream of Utopia, where everyone works for the government, and the government takes care of everyone, and in the process you not merely sell your soul, you give up your right to be an individual. The Western Culture has flirted with Marxism, because politicians say the power belongs to them. Socialism is no different, it still involved centralised planning of the economy that cannot be done by people who have never worked in the real world.

Putin was at the Chinese Olympics when he received the Georgia news. He turned and said, - Congratulations. Congratulations, I looked at the news feeds, and there is nothing, nothing. It's like the world doesn't know. - - or words to that effect. THAT is the power of the grip exerted globally on what we are allowed to know! And Putins statement spoke a thousand books.

The result is Putins position paper for the upcoming G20 in London, linked above. Georgia was an act of war, a financial war, and Putin will now demand his pound of financial flesh, as will Wen, and many other nations, now that the west is financially on its knees. Wen must be circumspect until divestment of $ denominated holdings is almost complete, hence the recent tsunami of Chinese senior leaders visits internationally.

Recently we had an FSA dance that is mostly pointless, aimed for headlines and public vengeance satisfaction. Banks and Hedge Funds are global animals. Brown crows about global solutions. All new FSA rules will do is create more sand in the cogs, more rings to jump through, more reasons not to. Oversight will be settled internationally, with a vengeance, resisted to the end by the US. If the FSA gets awkward, the Hedgies will register elsewhere.

AND NON OF THIS NEEDED TO HAPPEN. But greed replaced common decency. The relevant authorities were complicit and aware. And that is their crime. Even at a late point the worst of what is yet to come could have been avoided by a global declaration on various derivatives, and the demand for capital backing, and their trading through transparent, FUNDED, exchanges, and an insurable interest. That did not happen, and still looks months away. The US, ie, the Fed will resist until their proxies are reimbursed. They could collapse the world.

Militarily, the US and UK are engaged in more drone strikes into Pakistan National Territory, clearly in breach of international law. Naturally indigenes become radicalised. That is their society. Is war to be the answer to this economic crisis? The CFR thinks so! Pakistan is a nuclear Muslim country, and this provocation is deliberate................

And internally, the cancer of CP and others, planted by Blair, is still expanding. Post democratic High Tech Feudalism.

Actually, crossroads does not describe the situation. Clusterfuck seems more appropriate. And my trust of the major players is negative.

Is the Russian, or the Chinese or the Indian, or the Thai, way better? Or Taiwan, or Singapore, for a “living in” society? Could this be written in their society?

Will we get better global leadership from a group of nations involved in a basket of currencies, or will nationalism prevail and prevent its smooth functioning. Will the US resist? Will there be more war? Constant committee infighting?

Is the UN competent? Will a strengthened UN (by whom) be better, less US centric? Would that be better? For whom?

Can the CFR, the ECFR, the EU, and etc, be shackled in their malevolent intentions towards their own populations? Will democracy be an obsolete concept? Is it now obsolete?

And oil is still being depleted. Yes, more slowly, but geology cannot be defeated.

But for the cost of all the wars for oil, how many Gigawatts of solar cells could each nation have in-place by now? And the value to society of that as an industrial base, against the current military industrial complex, is worth considering.

Or is the constant militarism a further way of ensuring a constant taxation drain on the wealth of the middle class, preventing them from the exploitation of that wealth, as the Report From Iron Mountain requires, intentionally creating no direct benefits?

One evening an old Cherokee told his grandson about a battle that goes on inside all people.

He said, ‘My son, the battle is between two ‘wolves’ inside us all.

One is Evil. It is anger, envy, jealousy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority, and ego.

The other is Good. It is joy, peace, love, hope, serenity, humility, kindness, benevolence, empathy, generosity, truth, compassion and faith.’

The grandson thought about it for a minute and then asked his grandfather: ‘Which wolf wins?

The old Cherokee simply replied, ‘The one you feed.’

And so, on this equinox, on this night, of equal night and day, I give you a message. This is not a refreshment break, please watch.

The Last Resort.

And here.

And here.

And James, I have a gift or three, for you. Enjoy. (Takes some time to load). A lead into time?

Don't forget to read them. Start with the smaller one if you wish, but read them.

One

Two

Three

Thank you for having the patience to read so far.


It says 'written by James Higham' below. Actually, it was written by Sonus but I can't reformat the author in my template. I'll be going over all six posts in the next week for minor editing of typos, grammar and link testing. I'll also fix the author acknowledgement problem if possible.