[simple economic solution] easy enough for a child to understand

American family

Why aren't the economists proposing this?

I've transcribed the concluding remarks from the film The Money Masters, narrated by Bill Still and they appear from the section "The power to change things" onwards. It’s interesting that William Still's Wikipedia page was deleted from Wikipedia on February 12th, 2008, citing “notability” concerns, i.e. that he was not famous enough any longer for a Wiki page.

The film describes the American situation in the 19th and 20th centuries but the experiences and lessons are applicable worldwide, certainly to Britain and Europe.

Background

For much of the 19th century, there was a quite open conflict between the international finance [the heirs of Alexander Hamilton] and the people, as represented by the presidents and press. The battle reached its peak in the time of Andrew Jackson when the bankers quite openly admitted that they had the power to shut down the country and that the Government did not have the power to stop them.

Biddle's remarks confirm this. He went on to greater fame:

“This worthy President thinks that because he has scalped Indians and imprisoned Judges, he is to have his way with the Bank,” Biddle wrote to a federal judge in February 1834. By the fall of that year, Biddle was so reviled for his nationwide curtailment of credit that he was hunted by mobs in Philadelphia, forcing him to bar the doors of his house and post armed guards.

This is in stark contrast to today when bankers are at pains to suggest that they have no powers, that they are just as swayed by naturally occurring business cycles as the average consumer and that they do the best they can [wiping away a tear] to keep everything stable for the good of the people.

This is such a palpable untruth, as there is a wealth of evidence that they have used their combined power since the inception of the United States, especially in periods when a central bank has been in place, to contract money and expand it at will.

In the post Civil War years, when the bankers once again reasserted themselves, the issues were Lincoln's greenbacks and the fight between gold and silver standards. The people still hankered over the greenbacks because they were debt-free but Lincoln had had to concede the power back to the bankers to finance the last part of the war and so the advantage had been lost and yet the bankers still didn't have what they wanted - their rechartered central bank and complete power over the issuing of money and the controlling of credit.

So they contracted money, with a view to creating a new melting pot from which they could recharter the central bank and this is how the availability of money in the economy changed:


It all altered one day in 1913:

The Congressmen prepared to leave Washington for the annual Christmas recess, assured that the Conference bill would not be brought up until the following year. Now the money creators prepared and executed the most brilliant stroke of their plan. In a single day, they ironed out all forty of the disputed passages in the bill and quickly brought it to a vote. On Monday, December 22, 1913, the bill was passed by the House 282-60 and the Senate 43-23.

The Times buried a brief quote from Congressman Lindbergh that "the bill would establish the most gigantic trust on earth," and quoted Representative Guernsey of Maine, a Republican on the House Banking and Currency Committee, that "This is an inflation bill, the only question being the extent of the inflation."

Congressman Lindbergh spoke to the House:

"This Act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed. The trusts will soon realize that they have gone too far even for their own good.

The people must make a declaration of independence to relieve themselves from the Monetary Power. This they will be able to do by taking control of Congress. Wall Streeters could not cheat us if you Senators and Representatives did not make a humbug of Congress. . . . If we had a people's Congress, there would be stability.

The greatest crime of Congress is its currency system. The worst legislative crime of the ages is perpetrated by this banking bill. The caucus and the party bosses have again operated and prevented the people from getting the benefit of their own government."

Here are some other things which were said:








There are so many quotes from that era, all decrying the fact that the bankers had finally won. Lindbergh's was the most eloquent. The secretiveness in how they did it also speaks volumes:

Frank Vanderlip, Assistant Secretary of Treasury and then member of the Jeckyll Island group

Was there ever an admission more capable of shutting up those who claim all is above board with the Fed?

The power to change things [Bill Still]

[These days], the problem of the bankers ... transcends the normal spectrum of political right and left. Both communism and socialism, as well as monopoly capitalism have been used by the money changers. Today, they profit from either side of the new political spectrum - the big government welfare state on the so called political left wing versus the neo-conservative laissez-faire capitalists who want big government totally out of their lives on the right wing.

Either way, the bankers win.

Monetary reform is the most important political issue facing this nation.

That clarified, let’s proceed to the conclusions in the spirit Lincoln declared, with malice towards none, with charity towards all.

We’re labouring under a debt money system that’s designed and controlled by private bankers. Now some will argue that the Federal Reserve system is a quasi-governmental agency but the President appoints only two of the seven members of the FRB of governors every four years and he appoints them to fourteen year terms, far longer than his own.

The Senate does confirm those appointments but the whole truth is that the President wouldn’t dare appoint anyone to that board of whom Wall Street does not approve.

Of course, this does not preclude the possibility that some honourable men may be appointed to the board of governors but the fact is that the Fed is specifically designed to operate independently of our government, as are nearly all other central banks.

Some argue that the Fed promotes monetary stability. We saw the head of the Bank of England, Eddie George, claim that this was the most important role of the central bank. In fact, the Fed’s record of stabilizing the economy shows it to be a miserable failure in this regard.

Within the first twenty-five years of its existence, the Fed caused three major economic downturns, including the great depression and for the last thirty years, has shepherded the American economy into a period of unprecedented inflation.

There's little dispute among the top economists about this.

As Milton Friedman put it:

The stock of money, prices and output was decidedly more unstable after the establishment of the Reserve System than before. The most dramatic period of instability in output was, of course, the period between the two wars, which includes the severe [monetary] contractions of 1920-21, 1929-33, and 1937-38. No other 20-year period in American history contains as many as three such severe contractions.

The severity of each of the major contractions is directly attributable to acts of commission and omission by the Reserve authorities.

Any system which gives so much power and so much discretion to a few men, [so] that mistakes – excusable or not – can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic – this is the key political argument against an independent central bank ….

Why are we over our heads in debt? Why can’t politicians control the Federal debt?

Because all our money is created out of debt.

Again, it’s a debt money system. Our money is created initially by the purchase of U.S. bonds. The public buys bonds like U.S. savings bonds, the banks buy bonds, foreigners buy bonds and when the Fed wants to create more money in the system, it buys bonds but pays for them with a simple book-keeping entry which it creates out of nothing.

Then this new money, created by the Fed, is multiplied by a factor of ten by the banks, thanks to the fractional reserve principle.

So although the banks don’t create currency, they do create checkbook money or deposits by making new loans. They even invest some of this created money. In fact, over one trillion dollars of this privately created money has been used to purchase U.S. bonds on the open market, which provides the banks with roughly $50 bn in interest, risk free, each year, less the interest they pay to some depositors.

In this way, through fractional reserve lending, banks create over 90% of the money and therefore cause over 90% of our inflation.

What can we do about all this?

Fortunately, there’s a way to fix the problem fairly easily, speedily and without any serious financial problems. We can get our country totally out of debt in one to two years by simply paying off these U.S. bonds with debt free U.S. notes, just like Lincoln issued.

Of course, that by itself would cause tremendous inflation, since our currency is presently multiplied by the fractional reserve banking system. But here’s the ingenious solution advanced, in part, by Milton Friedman, to keep the money supply stable and avoid inflation and deflation while the debt is retired.

As the Treasury buys up its bonds on the open market, with U.S. notes, the reserve requirements of your hometown local bank will be proportionally raised so the amount of money in circulation remains constant. As those holding bonds in U.S. notes, they will deposit this money thus making available the currency then needed by the banks to increase their reserves.

Once all the U.S. bonds are replaced with U.S. notes, banks will be at 100% reserve banking, instead of the fractional reserve system currently in use.

From this point on, the former Fed buildings will only be needed as a central clearing house for cheques and as vaults for U.S. notes. The Federal Reserve Act will no longer be necessary and could be repealed. Monetary power can be transferred back to the Treasury Department. There’d be no further creation or contraction of money by banks.

By doing it this way, our national debt can be paid off in a single year or so and the Fed and fractional reserve banking abolished, without national bankruptcy, inflation or deflation or any significant change in the way the average American goes about his business.

To the average person, the primary difference would be that for the first time since the Federal Reserve Act was passed in 1913, taxes would begin to go DOWN.

Now there’s a real national blessing for you, rather than for Hamilton’s banker friends.

Proposals

Here are the main provisions of a Monetary Reform Act which needs to be passed by Congress.


As Thomas Edison put it:



Federal Reserve notes could be used for this as well but could not be printed after the Fed’s abolished as we proposed so we suggest using U.S. notes instead.


… to absorb the new U.S. notes which would be deposited and would become the banks’ increased reserves. Towards the end of the first year of the transition period, the remaining liabilities of financial institutions would be assumed or acquired by the U.S. government in a one-time operation.

In other words, they too would be paid off with debt-free U.S. notes in order to keep the total money supply stable.

At the end of the first year or so, all of the national debt would be paid and we could start enjoying the benefits of full reserve banking. The Fed would be obsolete, an anachronism.


… of 1913 and the National Banking Act of 1864. These acts delegate the money power to a private banking monopoly. They must be repealed and the money handed back to the Department of the Treasury, where they were initially under President Abraham Lincoln. No banker or person in any way affiliated with financial institutions should be allowed to regulate banking.

After the first two reforms, these Acts would serve no useful purpose anyway, since they relate to a fractional reserve banking system.


These institutions, like the Federal Reserve, are designed to further centralize the power of the international bankers over the world’s economy and the U.S. must withdraw from them. Their harmless functions, such as currency exchange, can be accomplished either nationally or in new organizations, limited to those functions.

Such a monetary reform act would guarantee that the amount of money in circulation would stay very stable, causing neither inflation nor deflation.

Remember – for the last three decades, the Fed has doubled the American money supply every ten years. That fact and fractional reserve banking are the real causes of inflation and the reduction in our buying power, a hidden tax.

These and other taxes are the real reasons both parents have to work, just to get by.

The money supply should increase slowly, to keep prices stable, roughly in proportion to population growth, about 3% per year, not at the whim of a group of bankers meeting in secret. In fact, all future decisions on how much money will be in the American economy must be made based on statistics to population growth and the price level index.

The new monetary regulators and the Treasury Department, perhaps called the Monetary Committee, would have absolutely no discretion in this matter, except in time of declared war. This would ensure a steady, stable rate of money growth of roughly 3% per year, resulting in stable prices, and no sharp changes in the money supply.

To make certain the process is completely open and honest, all deliberations would be public, not secret, as meetings of the Fed’s Board of Governors are today.

How do we know this will work?

Because these steps remove the two major causes of economic instability – the Fed and fractional reserve banking … and the newest one of all, the BIS – the Bank of International Settlements. But most importantly, the danger of a severe depression would be eliminated.

Let’s listen to Milton Friedman on the single cause of severe economic depression:

I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money, and equally, of no sharp decline in the stock of money that was not accompanied by a severe depression.

Issuing our own currency is not a radical solution. It’s been advocated by Presidents Jefferson, Madison, Jackson, Van Buren and Lincoln but it’s been used at different times throughout Europe as well.

Perhaps the best example is one of the small islands off the coast of France in the English Channel, called Guernsey. It’s been using debt-free money issues to pay for large building projects for nearly 200 years.

To be sure that they would be circulated widely, they were declared to be “good for the payment of taxes”.

Danger

But what if we follow Guernsey’s example? How would the bankers react to these reforms? Certainly the international bankers cartel would oppose reforms that do away with their control of the world’s economies, as they have in the past but it is equally certain that Congress has the constitutional authority and responsibility to authorize the issuance of debt-free money, U.S. notes and to reform the very banking laws it ill-advisedly enacted.

Undoubtedly, the bankers will claim that issuing debt-free money will cause severe inflation or make other dire predictions but remember – it is fractional reserve banking which is the real cause of over 90% of all inflation, not whether debt-free U.S. notes are used to pay for government deficits.

In the current system, any spending excesses on the part of Congress are turned into more debt bonds and the 10% purchased by the Fed are then multiplied many times over by the bankers, causing over 90% of all inflation.

Our fractional reserve and debt-based banking system is the problem. We must ignore its inevitable resistance to reform and remain firm until the cure is complete.

As the director of the Bank of England in the 1920s, Sir Josiah Stamp, put it, referring to this modern fractional reserve banking system:

"Banking was conceived in iniquity and was born in sin. The bankers own the earth; take it away from them but leave them the power to create deposits, and with a flick of a pen they will create enough deposits to buy it back again.

Take this great power away from the bankers and all great fortunes like mine will disappear, and they ought to disappear, for this would be a better and happier world to live in. But if you want to continue the slaves of bankers and pay the cost of your own slavery, let them continue to create money and control credit."

The Sovereignty proposal which proposes the issuance of U.S. notes to pay for major works has received the endorsement of the Community Bankers Association of Illinois, representing 515 banks. That's one small step forward.

Coming crash

Are we headed into an economic crash of unprecedented proportions? If so, can we prevent it and what can we do to protect our families?

[My note: don’t forget this text was prepared pre-1996, so it is predicting an event twelve years down the track.]

No severe depression can occur without a severe contraction of money. In our system, only the Fed, the BIS, with U.S. bankers’ cooperation or a combination of the largest Wall Street banks could cause a depression. In other words, our economy is so huge and resilient that a depression just can’t happen by accident.

Unless we reform our banking system, they will always have that power. They can pull the plug on our economy any time they choose.

The only solution is to abolish the Fed and the fractional reserve banking system and withdraw from the BIS. Only that will break the power of the international bankers over our economy.

And keep in mind – a stock market crash, in itself, cannot cause a severe depression. Only the severe contraction of our money supply can cause a severe depression.

The stock market crash of 1929 only wiped out market speculators, mostly the small to medium ones, resulting in $3bn in wealth changing hands but it served as a smokescreen for a 33% contraction in credit by the Fed over the next four years, which resulted in over $40 bn in wealth from the American middle class being transferred to the big banks.

Then, despite impotent howls of protest from a divided Congress, the independent Fed kept the money supply contracted for a full decade. Only WW2 ended the terrible suffering the Fed inflicted on the American people.

In a depression, the remaining wealth of a debt-burdened American middle-class will be wiped out by unemployment, by declining wages and the resulting foreclosures.

If we start to act to reform our monetary system, the money changers may do what they did in 1929 and then the 1930s – crash the stock market and use that as a smokescreen while contracting the money supply. But if we’re determined to fight to regain control over our money, we can come out of it fairly quickly. Perhaps in only a very few months, as U.S. notes begin to circulate and replace the money withdrawn by the bankers.

The longer we wait, the greater the danger we’ll permanently lose control of our nation.

But some still wonder why the international bankers would WANT to cause a depression. Wouldn’t that be killing the goose which is currently laying all those golden interest eggs?

Larry Bates said:

You see, in periods of economic … upheaval, wealth is not destroyed, it is merely transferred.

Do we have any hints as to what the money changers have in store for us?

This is the plan:


Step one has been achieved, step two is underway, as is step three.

Crisis is needed to fulfil their plans quickly. The only question is when the crisis will occur. Fortunately, we probably have a little time. It’s unlikely the crisis will occur before the 1996 elections but after that, the danger begins rising.

But whether or not they decide to cause a crash or a dpression, through relentless increases in taxation or loss of hundreds of thousands of jobs being sent overseas, thanks to trade agreements such as GATT and NAFTA, the American middle-class is an endangered species.

How every individual and family can and should now act



# Buy pre 1965 silver coins, gold to a point, foreign currency funds [but not if the world crashes], Swiss or Austrian account, spread it round as much as possible between these.

# Be very careful – when the depression comes, there will be those coming forward, calling themselves conservatives but offering solutions framed by the international bankers. False prophets, in other words.

# Beware of calls to return to a gold standard while U.S. notes are still not being issued. Never before has so much gold been so concentrated in few hands outside of America, in the hands also of the World Bank and the IMF.

# Beware of any plans for a regional or world currency – this is the international bankers’ trojan horse.

# Educate your local member as to the dangers and the way forward. It only takes a few of you to do so and it must be listened to. Your local member might not be anti-people; they simply don’t understand the system.

# Others understand but are so far into patronage that they have no chance but to ignore you. You need to identify which your local member is.

# Remember, the further and further under the yolk and into depression we are sunk, the more we resemble the bestiality of the cabals.

Things Bill Still does not cover

1. The Internet

He couldn’t have taken into account the proliferation of blogging which happened not so long after his film and the much better chance than he did of getting the message out. On the other hand, our blogs can be shut down overnight for calling for these measures, citing any excuse they like.

2. Military might

He doesn’t seem to appreciate the sheer power of police or military in being able to stop you. If any sort of organized movement got going to replace Bank of England notes, for example, with real money, the law would be on the heads of that movement quicker than you can say Brazilian electrician or David Kelly.

3. Infiltration

There are trolls and 5th columnists in all professions who can pull the plug on any individual very quickly. Not only would your livelihood be gone but you’d not qualify for benefits. Almost no frightened person in a recession is going to be a hero, particularly if the coordination of the reform movement is patchy and has been termited.

We’re not playing games here – this is multi-trillions of pounds, euros and dollars at stake and with it, the power to order the world.

The overriding question will always remain though:

Who’ll bell the cat?

Today

The same error is being made over and over and over. Under the heading "California's finances are in a mess", the proposal is ...........?

To issue bonds.

To issue more debt, in other words, to go deeper into the cabal's pocket. No, no, no. Be the first state to issue Treasury notes, Gubernator, debt-free Treasury notes.

Don't attack the wrong people

This blog abhors violence and does not urge angry mobs to lynch Gordon Brown, Barack Obama and their executives, once the crash comes. You might like to leave them down the list and start with, instead:

Ben Bernanke, Donald L. Cohn, Charlie Bean, Rachel Lomax, Paul Tucker, Jean-claude Trichet, Lucas D. Papademos, Guillermo Ortiz, Jean-Pierre Roth, Stanley Fischer (Bank of Israel), Mervyn King (Bank of England), Donald Kohn (Board of Governors of the Federal Reserve System), Alan Greenspan and many others.

If James Bond could find out where Mr. White lived, well .....

Funnily enough, the people in the 1800s and early 1900s seemed to understand economics better:

Biddle was so reviled for his nationwide curtailment of credit that he was hunted by mobs in Philadelphia, forcing him to bar the doors of his house and post armed guards.

Will we, the people, heed the message and take it up with the central bankers?

[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.

[wrong women] peter principle illustrated

Veronique Morali


The parallels between Sotomayor and her era of new appointees is striking. I had a post ready to go on Sotomayor earlier and didn't run it because it was boring. However:

The Supreme Court's reversal yesterday of a decision endorsed by Sonia Sotomayor as a federal appeals judge provided fresh ammunition for her conservative critics two weeks before her Senate confirmation hearing, but also allowed defenders to cast her as a judge who respects precedent.

She'll be nominated of course because this is the Era of Wrong Appointments - witness Gordon Brown and David Cameron. Precisely the wrong 'new women', talentless in leadership but with a lot of lip, are also getting appointed under 'positive discrimination' - people like Flint in the UK, Lynch in Canada and Sotomayor in the States.

It's Fiorina and Dunn all over again - a lot of mouth, really good at sacking people and appearing efficient to adoring hangers-on but appointed above their station.

Monica Conyers was in a different role but the story is the same. No matter what anyone says, gender is a factor here. There is a particular type of woman whose efforts to Force those around her to bend to her will and the way she flies off the handle when she doesn't get her own way, like a spoilt child, is going to make powerful enemies, particularly among male colleagues. This is not the way to go in an environment which doesn't fully accept you in the first place anyway and is looking for you to fall.

This was how Sarkozy cut the Segie magnetism in that debate - by provoking her to anger. Veronique Morali, of Force Femmes, is another who should not be let near a boardroom for her obvious bias. If there was her and another woman beside her of equal accomplishments but without the chip on the shoulder about her gender, then you'd appoint the other, on the grounds that she could give 100% to the company.

I'm not going to balance this to avoid being called sexist, by listing a lot of unsuitable men. There are so many. Take your pick of males who should never have been appointed, from Goodwin to Brown himself. They infest the public world, these non-comps but there IS a type of woman too, such as I've described and she should never be let near the reins of power. Merkel is one such person. Remember, a high flyer is just that - a high flyer and into high flying. A high flying woman complicates the issue by bringing gender into it.

The right person to put in is someone with a deep understanding of structure and process, with no real chip on the shoulder and not having to prove him or herself. I can think of two women straight away who are of a type and of a temperament which lends itself to running organizations. One runs a department at a university in Russia and another runs a blog group here. I tell you, honestly, that I would follow where these women led although they're cunning enough to make me think I'm doing the leading. [I also know of another woman running a different association who shouldn't have been allowed anywhere near the reins but that's another matter.]

They are into consensus, politeness and warmth but insist on reasonable targets being met and have the ruthlessness to cut the dead wood away, albeit with tact.

I know men like that too but one thing for sure - these Sotomayors, Conyers and Lynches are most certainly NOT the ones who should be there. What should be done with them? Well, HP did it wrongly, in that you do not throw the baby out with the bathwater. If they refuse to stay on in an advisory capacity, then access their expertise professionally and pay for it that way. They do have great skills. Running organizations is not one of them, that's all.

[dishonesty] promoted above their station

There is an appalling person over in Canada who has already been fisked by Mark Steyn and Ezra Levant.

These people are always head of this commission or that, aren't they? PC obeyers who are therefore given the nod. In this case, Jennifer Lynch, head of the Canadian Human Rights Commission. As you'd expect, as in the 1984 Ministry of Truth or the Ministry of Love, the opposite is the case.

Her tactics are to make long, aggressive, jingoistic speeches from the safety of her office then to cocoon herself from any possible criticism by refusing to answer questions. Her idea of debate is for the opponent to go on the talk show first and have his say then, once he's gone, she comes on and gives her point of view for people to listen to.

How many of these earthworms do we have in Britain? Could you think of anyone offhand?

[blog stats] too misleading to rely on

Seriously, I've given up trying to analyse stats. The most visited post [7 in each 100] was the Canadian one about Lynch. Yet at the time of writing, there were no comments. The last evolution post, predictably, was shunned and the railway embankment, garnering 9 comments, was visited by few.

Of course, that excludes the RSS readers. In other stats:

49.5% of visitors here use Firefox 1 and 1% use Firefox 3 [which I use];
60% use Java 1.5;
33% use a 1024x768 [I use 1680x1050];
75% use 32 bit;
92.6% use English but 3.2% speak French and 2.1% Spanish;
52% use WinXP and 18.6% MacOSX [which I use];
39% are U.K. and 35% U.S. but that’s reversed in the past 15 minutes;
In the last 100, there’ve been 51 separate entry pages;
I get 1.4 views per visit

[erosion of freedom] going strong in canada

It seems that the totalitarian push is in full swing over in Canada as well. My friend at Halls of Macadamia put me onto Ezra Levant who is a major obstacle to the curtailment of liberties over there and he is currently embroiled in this:

What an embarrassment Lynch and her CHRC have become to this government -- and to all Canadians.

Here's the story -- it's pretty simple. Lynch and I were both invited on Clark's show to talk about the CHRC's memo issued to Parliament this week. The CHRC is demanding that they be allowed to continue their censorship, and in fact arguing that Canada's police should be more active in laying censorship charges, too. I wrote about the substance of it yesterday.

Lynch's spin is that she wants to "start a debate" about censorship -- how Orwellian is that? Well, CTV was happy to provide a forum for such a debate. But CTV made the honest mistake of thinking Lynch actually meant it. They didn't realize that the CHRC's idea of a debate is Lynch lecturing, and Canadians listening obediently.

When Lynch heard it would be me against whom she would have to debate, she tried to veto my appearance.

This 'wanting to start a debate' is precisely how the Scottish Arts Council was pressurized by Julia Middleton's henchmen, of CP infamy. This is how the PCists go about it.

Unfortunately, Ezra misunderstood the intent of my question about the Governor General and Canadian values. What I was referring to was that the way she was appointed also had question marks against it about the process, what sort of person gets the nod these days and for what reasons.

Russia

I'm perhaps in a better position than some to speak of these soviet principles coming into our society. Regular readers know of my twelve years in Russia. Essentially, there was, in soviet times, a climate of 'turn your neighbour in' and a legal mechanism of 'denunciation'.

There were two instances in particular I recall. Firstly, back in 1996, when official 'ratting' was largely dying out, a woman came back for a consultation to the place I lived and the owner of the house immediately went at her and pushed the woman out the door, which she then slammed behind.

When she'd calmed down, the owner told me that that woman's mother had 'denounced' her some years earlier. I didn't understand this 'denounce' business until it was explained that it was not only legal but encouraged by the authorities.

The second incident was one of my own. Completely p---ed off by the wall-shattering noise next door, I spoke to some neighbours about what we could do and they immediately shrank back from what they thought I was asking. They thought I meant to turn the wall-shatterers in. Actually, I wanted us all to knock on the door and put our point of view [I spoke little Russian then].

Years later, it was explained to me that the 'black ravens', black cars with state officials, used to come at midnight and take people away. This died out in the 90s and yet old memories died hard. If you look at the average Russian today, he's almost certain to be libertarian in outlook.

Britain and Canada

You might like to read this article about snitches and turning neighbours in:

So to simplify. A whistleblower is a snitch who snitches on bad people and a snitch is a whistleblower who snitches on good people. Makes perfect sense ... There are more snitches in the UK than you could imagine. It’s a socialist pastime. Snitches are bad. There are a lot more snitches than whistleblowers by a massive factor.

Britain [and Canada] are heading this way now but with no benchmark to measure by, the average citizen of these countries can't really accept the full import of what is happening by salami tactics.

[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”.

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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.

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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.