FEDERAL RESERVE BANK (FED): ENSLAVING, ROBBING AND MURDERING HUMANITY SINCE 1913

The Federal Reserve Bank (FED) – the US Central Bank - is neither “federal” nor does it have any “reserves”. In fact, the US Federal Reserve Bank (FED)- contrary to what people in the US and around the world have deceitfully been misled to believe since its fraudulent creation in 1913 - is not a "federal" US government institution, but a PRIVATE bank - whose shares are held by the largest international private banks ( see list below) - that was fraudulently created by Congress in 1913 through the Federal Reserve Act, that surrendered it the power to create and regulate the supply of money of the United States, contrary to and in direct violation of Article 1, Section 8 of the US Constitution, which strictly and exclusively grants Congress the power and the exclusive right " To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures" to be strictly backed by gold and/or silver ( Article 1. Section 10 No States shall make anything but gold and silver coin a tender in payment of debts) and " To provide for the Punishment of counterfeiting the Securities and current Coin of the United States."

As Louis McFadden, chairman of the House Banking and Currency Committee said:

“Some people think the Federal Reserve Banks are United States Government institutions. They are not Government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers and rich and predatory money lenders.” Louis McFadden, chairman of the House Banking and Currency Committee

"Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over. .... This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it. " - Congressman McFadden on the Federal Reserve Corporation Remarks in Congress, 1934 Floor of the House of Representatives by the Honorable Louis T. McFadden of Pennsylvania. Mr. McFadden served as Chairman of the Banking and Currency Committee for more than 10 years. There were two assassination attempts against McFadden.

“The people did not know the Federal-Reserve Banks were organized for profit-making. They were intended to stabilize the credit and currency supply of the country. That end has not been accomplished. Indeed, there has been the most remarkable variation in the purchasing power of money since the System went into effect.” — Sen. Robert L. Owen

However, under the Federal Reserve Act, the privately-owned Federal Reserve Bank literally creates money out of thin air - by printing/counterfeiting fiat paper money ($US bills) and/or by electronically creating fiat money on a computer, which it then LENDS to the US government AT INTEREST, which US citizens are then illegally coerced to repay through direct income taxation, both in direct violation of the US Constitution.

As Congressman Charles A. Lindbergh clearly stated and warned:

“This act establishes the most gigantic trust on earth, such as the Sherman
Antitrust Act would dissolve if Congress did not by this act expressly create what
by that act it prohibited. When the President signs this act the invisible government
by the money power, proven to exist by the Money Trust investigation, will be legalized. The greatest crime of Congress is its currency system. The schemiest legislative crime of all the ages is perpetuated by this new banking and currency bill.” — Congressman Charles A. Lindbergh

“The banks — commercial banks and the Federal Reserve — create all the
money of this nation, and its people pay interest on every dollar of that newly created money. Which means that private banks exercise unconstitutionally,
immorally, and ridiculously the power to tax the people.”
— Congressman Jerry Voorhis

“If our nation can issue dollar bond, it can issue a dollar bill. The element that
makes the bond good makes the bill good, also. The difference between the bond and
the bill is that the bond lets the money broker collect (usury) . . . whereas the currency pays nobody but those who con-tribute . . . in some useful way.”
— Thomas A. Edison

"Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to...provisions [which] would place our currency and credit system in private hands. - Theodore Roosevelt

The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government ever since the days of Andrew Jackson... -Franklin D. Roosevelt (in a letter to Colonel House, dated November 21, 1933)

And as Andrew Jackson rightly stated:

"If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations." -Andrew Jackson

The Primary Owners of the Federal Reserve Bank Are:

1. Rothschild's of London and Berlin
2. Lazard Brothers of Paris
3. Israel Moses Seaf of Italy
4. Kuhn, Loeb & Co. of Germany and New York
5. Warburg & Company of Hamburg, Germany
6. Lehman Brothers of New York
7. Goldman, Sachs of New York
8. Rockefeller Brothers of New York

"Here is how the owners of the FED profit at the expense of the American people.

The U.S. Government runs deficits annually in the billions of dollars, and lately in the trillions of dollars. Congress covers this by issuing government bonds which are bought by the FED. Since the FED has the power to print money, it can buy any amount of the U.S. Government bonds at almost NO COST, except for the small fee paid to the Treasury to print money (about 3 cents/$100).

This amounts to a profit to the FED owners of about $99.97 for every 3c they invested to print the money. Basically, they exchange something that costs almost nothing to them for the U.S. Government Bonds.

Since the FED can not be AUDITED by the IRS (or even by Congress), most of this profit can go anywhere the FED owners want it to go; and it is tax free.

After buying the bonds, the owner of the FED can either keep the bonds, and collect the interest the U.S. Government now owes them, or sell the bonds to the U.S. taxpayers or foreigners. In either case, the FED owners have received $99.97 profit for every 3 cents it invested to print the money. Since the FED is a privately owned corporation, the profit of the FED goes to the FED owners.

The U.S. Government now owes the FED owners the interest on those bonds. Remember that the FED owners do not earn the bonds, they simply arrange for printing the money to buy the bonds. In other words, they created money out of thin air, and exchange it for the interest bearing bonds.

In order to pay for the bonds’ interest, the U.S. Government taxes the U.S. population." (2)

source (2):http://bastisays.info/2008/12/the-federal-reserve-bank-part-2-who-owns-it/

As Thomas Jefferson prophetically stated and warned:

“The Central Bank is an institution of the most deadly hostility existing against
the principles and form of our Constitution. . . .I believe that banking institutions are more dangerous to our liberties than standing armies. The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating. Already they have raised up a monied aristocracy that has set the Government at defiance.

The issuing power should be taken from the banks and restored to the people to whom it properly belongs. If the American people ever allow the banks to control the issuance 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 will wake up homeless on the continent their fathers occupied.” Thomas Jefferson

Tragically, this prophecy has already materialized...

US CONSTITUTION

Article 1 - The Legislative Branch

Section 8 - Powers of Congress

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

Section 9 - Limits on Congress

No capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or Enumeration herein before directed to be taken.

Section 10

No States shall make anything but gold and silver coin a tender in payment of debts

16th Amendment

Interestingly, however, Section 8 and 9 of the US Constitution pertaining to taxation was illegally amended in 1913 ( 16th Amendment) just a few months before the Federal Reserve Act was fraudulently adopted by Congress in December 1913, to allow Congress to collect INCOME TAX from US citizens - in direct violation of Section 8 and 9 of the US Constitution which only allows direct apportioned taxation amongst the States - to pay off the interest and the principal on the money Congress would illegally have to borrow from the FED under the Federal Reserve Act. However, many constitutional scholars and lawyers claim that the 16th Amendment was never legally ratified by the States, making income tax unconstitutional and thus illegal. ( See: The law the never was, by Bill Benson and Red Beckman)

16th AMENDMENT of the US Constitution

Status of Income Tax Clarified.

"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."

The obvious question that any sane & thinking person would naturally ask, is why the US government has to BORROW COUNTERFEITED FIAT MONEY AT INTEREST from a CARTEL OF PRIVATE BANKS (FED) that US citizens are illegally coerced to repay through direct income taxation – both contrary to and in direct violation of the US Constitution - when the US Constitution strictly gives Congress the exclusive Constitutional right and the power " to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures"?

I suggest that you urgently put forth this question to the US President - Barack Obama – and ask him what he intends to do to put an end to this anti-Constitutional, fraudulent and massive counterfeiting monetary system that has been plundering both the US citizens' and the worlds' real wealth since 1913, and which is at the root cause of all wars and economic depressions over the last 100 years, as well as being directly responsible for the current global financial/economic collapse with billions of victims worldwide.

As Abraham Lincoln rightly and clearly stated and warned:

“Money is the creature of law and the creation of the original issue of money
should be maintained as an exclusive monopoly of National Government.
Government possessing the power to create and issue currency . . . need not and
should not borrow capital at interest as the means of financing governmental work
and public enterprise.

The Government should create, issue, and circulate all the
currency and credit needed to satisfy the spending power of the Government and
the buying power of consumers. The privilege of creating and issuing money is not
only the supreme prerogative of Government, but it is the Government’s greatest
creative opportunity. The taxpayers will be saved immense sums in interest. . . . Money will cease to be master and become the servant of humanity. Democracy will rise superior to the money power.

The money power preys upon the nation in times of peace and conspires
against it in times of adversity. It is more despotic than monarchy, more insolent
than autocracy, more selfish than bureaucracy. I see in the near future a crisis
approaching that unnerves me and causes me to tremble for the safety of my country.
Corporations have been enthroned, an era of corruption in high places will follow,
and the money-power of the country will endeavor to prolong its reign by
working upon the prejudices of the people until the wealth is aggregated in a few
hands and the Republic is destroyed. -Abraham Lincoln

“And the control of the system of banking and of issue which our new laws are to
set up must be public, not private, must be vested in the Government itself, so that the banks may be the instruments, not the masters, of business and of individual enterprise and initiative.” Woodrow Wilson, 1913

Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote:

“I am a most unhappy man. I have unwittingly ruined my country. A great
industrial nation is controlled by its system of credit. Our system of credit is con-centrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world — no longer a government by free opinion, no longer a government by conviction and the vote of the
majority, but a government by the opinion and duress of a small group of dominant
men.” Woodrow Wilson, 1916

I encourage all those who wish to live as free men/women to urgently and actively carry out their own research on the fraudulent workings of the both Federal Reserve Bank (FED) and of the global financial architecture (i.e. Central Banking & Fractional Reserve Banking).

It (the banking system) is the most important subject intelligent persons
can investigate and reflect upon. It is so important that our present civilization
may collapse unless is widely understood and the defects remedied very soon.”
— Robert Hemphill, former credit manager of the Federal Reserve Bank of
Atlanta

As Goethe said:

“None are more enslaved than those who falsely believe to be free.”

As Tolstoy rightly stated:

“ Money is a new form of slavery, distinguishable from the old simply due to the fact that there is no personal and visible human relationship between master and slave.”

“While boasting of our noble deeds, we are careful to conceal the ugly fact that
by our iniquitous money system we have nationalized a system of oppression,
which, though more refined, is not less cruel than the old system of chattel slavery.” — Horace Greeley

History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance. -James Madison

And As Nathan Mayer Rothschild - the principal architect of the FED - stated:

“The few who can understand the system [Central Banking & Fractional Reserve Banking) will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” Rothschild Bros. of London, 1863

As Salmon P. Chase - Secretary of State
and Chief Justice of the Supreme Court - regretfully admitted:

“My agency in promoting the passage of the National Bank Act was the greatest
financial mistake of my life. It has built up a monopoly which affects every interest in the country. It should be repealed, but before that can be accomplished, the people will be arrayed on one side and the banks on the other, in a contest such as we have never seen before in this country.” — Salmon P. Chase, Secretary of State
and Chief Justice of the Supreme Court

“That is the one thing in my public career that I regret — my work to secure
the enactment of the Federal Reserve Law.” — William Jennings Bryan

And as Henry Ford said:

“It is well that the people of the Nation do not understand our banking and monetary
system, for if they did, I believe there would be a revolution before tomorrow
morning.” Henry Ford

That day is not far. The world is now too small for anything but Truth and Justice.

Reflections from some of the private BANKSTERS behind the creation of the FED.

“I care not what puppet is placed upon the throne of England. . . . The man that
controls Britain’s money supply controls the British Empire, and I control the
British money supply.” Nathan Mayer Rothschild

“The few who can understand the system [Central Banking & Fractional Reserve Banking) will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” Nathan Mayer Rothschild, 1863

“Banking was conceived in iniquity and born in sin. . . . Bankers own the
world. Take it away from them, but leave them the power to create money . . . and
with the flick of the pen, they will create enough money to buy it back again . . .
Take this power away from bankers, and all great fortunes like mine will disappear,
and they ought to disappear, because this would then be a better and a happier world
to live in . . . But if you want to continue to be the slaves of bankers, and pay the
cost of your slavery, let them continue to create money.” Josiah Stamp, former
President of the Bank of England

“The Bank hath benefit of interest on money which it hath created out of nothing.”
— William Patterson, Governor 1st Bank of England

“If that mischievous financial policy, which had its origin in the North
American Republic (the public issue of usury-free currency) should become
indurated down to a fixture, then that Government will furnish its own money
without cost. It will pay off debts and without a debt. It will have all the money
necessary to carry on its commerce. It will become prosperous beyond precedent in
history of the civilized governments of the world. The brains and wealth of all coun-tries will go to North America. That government must be destroyed or it will
destroy every monarchy on the globe.”
— Otto von Bismark

Reflections from US Congressmen, Senators and other political figures on the FED

“I wrote into the bill which was introduced by me in the Senate on June 26,
1913, a provision that the powers of the System should be employed to promote a
stable price level, which meant a dollar of stable purchasing, debt-paying power. It
was stricken out. The powerful money interests got control of the Federal
Reserve Board through Mr. Paul Warburg, Mr. Albert Strauss and Mr. Adolph C.
Miller, and they were able to have that secret meeting of May 18, 1920, and bring
about a contraction of credit so violent it threw five million people out of employment.
In 1920 that Reserve Board deliberately caused the Panic of 1921. The same
people, unrestrained in the stock market, expanding credit to a great excess
between 1926 and 1929, raised the price of stocks to a fantastic point where they
could not possibly earn dividends, and when people realized this, they tried to get
out, resulting in the Crash of October 24, 1929.”

“I had never thought the Federal Reserve Bank System would prove such a
failure. The country is in a state of irretrievable bankruptcy.”
— Carter Glass, 1938

“Whoever controls the volume of money in any country is absolute master
of all industry and commerce. . . . And when you realize that the entire system is
very easily controlled, one way or another, by a few powerful men at the top, you
will not have to be told how periods of inflation and depression originate.”
— James A. Garfield
•
“The gold standard has slain its tens of thousands. If they ask us why we do not
embody in our platforms all the things that we believe in, we reply that when we
have restored the money of the Constitution, all other necessary reforms
will be possible; but that until this is done there is no other reform that can be
accomplished.”
— William Jennings Bryan

Click on the following link for a detailed chart on the ownership of the FED.

http://www.save-a-patriot.org/files/view/whofed.html

Global Financial Crisis: The beginning of the end of the New World Order

New World Order as Global Financial Matrix Self Destructs

By: T Anthony Michael

Now that the genie is out of the bottle, worldwide economic, financial and political events will proceed with the inexorable force of destiny. The forthcoming changes, shifts and breaks with the past that are delineated below do concern the unsavory business of WHAT, positively, will not be brought into the future. This is of critical importance. Why? Because those who do not know, and understand, and heed history, are always, always forced to repeat it.

I. As we all sat back and waited for this year's October Surprise, please know that it came a little bit early this year on September 15 th which will forever be known as PITCH BLACK MONDAY. Actually, the entire month of October was set up to be a series of Black Monday's, as well as every other day of the week shaped up to be. It's really a good time to brace your self since this year's election cycle, and beyond, will bring with it a whole new season of surprises. Things like the beginning of the end of FIAT money – the real root cause of all our financial problems and economic ills. This foundational flaw, together with all of the multi-layered financial/economic/accounting mechanisms and schemes that have insidiously crept into the system, are the ‘not talked about' institutionalized culprits and structural deformities that really need to go. Without them, the perps wouldn't be so tempted to stack the deck against us all the time.

The only legitimate currency is that which is backed by GOLD, or some other precious commodity that is universally valued, and issued directly by the US Government, not a privately owned, organized crime syndicate like the FED. Debt driven, fractional-reserve banking – the real bane of global finance – will then be banished from the planet forever, along with the overlords of disaster capitalism, institutionalized usury & loan-sharking (e.g. World Bank & International Monetary Fund), as well as their economic hitmen. Finally, the central organizing principle of modern society, and especially Western Civilization, will no longer be: maximizing shareholders' wealth .

The writing is on the wall: THE FED IS DEAD . And so is the Fed's collection agency – the IRS. The FED has obviously been on extreme life support since September '08, and the only compassionate response is to let it go peacefully into the sunset. Perhaps we should organize a simple taxpayers' revolt, not too unlike those that occurred prior to the American Revolution, to bury this beast forever. When the people do wake up, and realize that the Federal Reserve Note that they carry in their pocket is exactly that – a note (i.e. debt, obligation, debit, commitment, instrument of indebtedness), things will start to get REEEAL interesting!

II. Another little surprise will come in the form of an announcement that goes something like this: The USA was conceived to be a CONSTITUTIONAL REPUBLIC , not a democracy by plutocracy . Or corpocacy , or oligarchy/synarchy , or crony capitalism or any other ism/cracy/archy they have tried to foist upon US. The founding fathers would be absolutely horrified to see the “ mob rule by the privileged elites” into which this once great nation has degenerated. Every political philosopher knows that democracy, when sufficiently dumbed down and unduly influenced by the moneyed ruling class, will always devolve into a despotic tyranny. Therefore, the wholesale exportation of our fraudulent notion of democracy, and its supposed freedoms (to buy, buy, buy after watching the boob tube hucksters), by the political and corporate classes must be reconsidered. And it will be soon, on a new channel during this “Fall” season's new lineup! Stay tuned —

The recent presidential election, incidentally, is perhaps the most flagrant example of how the US constitutional republic has been suspended (at the very least, once every 4 years, right?). Just as much as the voting populace has been suspended in the state of perpetual ignorance is bliss for generations. Can you imagine – the winner having raised close to $700 MILLION in campaign contributions – just how many debts the president-select* has incurred?! How, pray tell, do you think these debts will be paid back in light of the trillions that are already owed across the world by the US Treasury, US corporations, US citizens, etc. They won't be paid, because they can't be paid. The US Corporation is, and has been, bankrupt for quite some time now. It's stone cold broke and plum busted. And We The People should be thoroughly disgusted. Therefore, this fraudulent corporate entity – US Inc. – can now be trotted off the global stage, so that the REAL Constitutional Republic can be resurrected to its proper place in the nation's governmental and political life.

*Demoplican or Republocrat – either way, they are still two sides of the exact same coin. The coin of the realm that excludes We The People.

III. Another announcement will be made, in the not too distant future, about the business entity commonly known as the CORPORATION – the main huckster of this ‘brand' of faux democracy . Surely, if the devil were to ever choose the perfect form in which to enter in order to carry out his nefarious designs, Inc . is it. Is there any other entity on earth – person or party, organization or association, government or institution, jurisdiction or bureaucracy, club or group, fraternity or sorority, etc. that can function with such impunity, as it hides behind the shield of LIMITED LIABILITY. Those two words have given complete cover for the flagrant and wanton destruction of planet Earth.

You name it – oil slicked coastlines, razed rainforests, beaches strewn with dead dolphins and whales. Not to mention the complete erosion of human, civil and national rights, wherever INC decides to set up shop.

Let's pick a country. Let's go to India and visit Bhopal of Union Carbide fame. Close to 8000 people died within two weeks of that December day in 1984 in what is known as the worst industrial disaster of the last century. Now that Dow Chemical owns Union Carbide, you can only imagine the veritable phalanx of attorneys who are paid unconscionable fees to ensure proper responsibility and accountability will never be assumed by their master.

Or let's visit the Punjab and talk to the thousands of widows of farmers who committed suicide because of Monsanto's “seedless seeds”. Or go to just about anywhere on that subcontinent where a Walmart is being protested for land theft, encroachment and despoilation. Let's not forget about all the Coca Cola bottling plants that have become notorious for stealing the most precious commodity that every Indian cherishes and covets – WATER. Well, that takes care of land, water, air … and blood. What else in heaven's name do these stakeholders want?!

We all know the deal. It's the one where the individual, and his/her environment, is always trampled in favor of the corporate interest. Isn't it time to really take stock of what our current predicament has left us with? Perhaps it's also time to seriously think about actually re-ordering the ORDER, instead of once again rearranging the deck chairs on the titanic. Like we've said, “ optimizing stockholder profit ” will soon be history, as the cease and desist orders are not far from being issued to Corporate America . Might as well get a head start on dissolving (or re-chartering) that corporation.

IV. Termination of Globalization : The dominating and predatory form, that is. No other global initiative has been more unsuccessful at creating a framework for a more efficient transfer of goods and services around the planet. Truly, every aspect of this corporate inspired policy has failed miserably. Wherever it promoters trumpet its stated intention to make markets more streamlined, effective and resilient, it has done quite the opposite.

One only needs to look at the current debacle within the European Union concerning the banking, credit, and stock market breakdowns. Never has a response from the appropriate governing bodies been more disorganized, full of mixed messages and working at cross purposes with the member states. It was like watching The Three Stooges (France, Germany & Italy) play musical chairs blindfolded with no clothes on. What an unprecedented spectacle, and in plain view for the entire world to watch! This will undoubtedly put the brakes on the concretizing of a North American Union and their planned currency – the Amero. Praise the Lord!

As a matter of fact, all of the financial unions and economic superstates (e.g. European Union; Southeast Asian Association for Regional Cooperation; Union of South American Nations) that have been created over the past many years will, by sheer necessity and desperation, be forced to re–organize themselves in the coming months and years. Even South America, which has two distinct camps that are constantly gummin' up the works for each other, will abandon their current emerging model in favor of one that enjoys complete freedom from its North American taskmaster. To their credit, they have set the bar higher than it has ever been set concerning their strongly stated desire to be free of IMF and World Bank control. Only Russia has exceeded their standards, as they had already been fleeced by the Oligarchs in what may very well be the grandest larceny of national wealth/resources in history. This, of course, was preceded by a 75 year scourge of incessant rape, pillaging and plundering by the Bolsheviks and their Western financiers & handlers. Clearly Mr. Putin will not allow a repeat of any such conduct within his borders, and the international persecution that he has suffered certainly reflects their displeasure and frustration with him. No wonder Vladimir Putin is now considered a “reincarnation” of Peter the Great by his own people.

The ruinous influence of these two globalization thugs (IMF & WB) can be instantly assessed by looking at the economic calamities they caused in Argentina (1999-2002), as well as in Thailand, South Korea & Indonesia during the 1997 Asian currency crisis. Likewise, every nation in Africa that has chosen to take on their monetary yoke has only misery and war and financial oppression to show for it. Wherever these 2 scrooges show their faces, it's quite like Ebenezer himself showing up to make a house call. You know the patient will soon find himself in a pine box after all the gold fillings and rings have been removed.

We have seen this globalization scam unfold in country after country, as a ruse to steal a nation's resources, always taking from those who have, and giving to those who want it. In fact, an objective assessment of all the world's current conflicts would reveal that the vast majority are directly the result of this geo-political/commercial dynamic. The privatization of water sources/bodies/supplies/rights is perhaps the most provocative and glaring, and can be found at the root of a number of these resource wars.

Clearly the verdict has been delivered: Economies are much less vulnerable, the more locally they are positioned and the less centralized their decision-making process. This arrangement affords much greater resiliency when dealing with the vicissitudes of the marketplace. And it takes the power away from those who are insulated in ivory towers, and far from the plight of the common man. It is time for everyone on the planet to “ think globally; act locally ”.

V. Stock market will become extinct . There is no greater tool at the disposal of those who can, and do, manipulate the various markets than the charade of “setting up” a formal system of trading, buying and selling of anything, as exemplified by the NYSE. This is where it all happens. From devastating whole national (and regional) economies, to toppling uncooperative corporate execs, to bringing 150 year old multi-billion $$$ companies to their knees within a week's time. From triggering stockholder revolts, to propping up corporate raiders, to extorting billions from national and/or corporate treasuries. They can, and do, do it all right there on the floor .

Really, the very best example of what occurs in these speculative market exchanges is the gambling casino. In Vegas, everyone knows that the house ALWAYS wins. It never loses. Even when there is the appearance of losing, it still wins. Go figure, but it's true. Your stockbroker is not too unlike the blackjack dealer. And your financial planner is often a croupier in disguise. So, the question remains, do you honestly know what your hard earned retirement money is invested in? If not, this is a very good time to find out!!!

For those of us who have been there, we know that whether you call it an oil bourse, a commodity exchange, or a bond market, you're still playing in a game that can go against you at any time. Wipe out your earnings in a heartbeat; devour your principal in a flash. It's often been said that when he comes, “he comes like a thief in the night”. Do you still feel you know where your entire life savings is currently residing?

The derivatives market represents the single greatest threat to worldwide economic stability and financial security. It poses such great potential for financial abuse and economic devastation that the current institutional arrangements of this commercial realm have become completely unacceptable. The alarming proliferation of hedge funds, as well as the growing number and variety of derivative instruments, has reached a critical mass that is incompatible with living a financially sound life on planet Earth. Simply put, some of these instruments are so far from the street – economic reality – that they put into jeopardy all the hard work, which appears in the form of real goods and services, that is produced by any economy at any given time. This predicament signifies a CLEAR AND PRESENT DANGER to us all.

Remember – DERIVATIVES are the real megilla. Derivatives, by their very nature, can be highly radioactive, and can go nuclear any time circumstances conspire in just the right, or wrong, way. Those who control their destiny can, likewise, utilize their inherent threat as a means of conducting financial and economic terrorism anytime, anywhere completely under the radar screen. It's time for them to go. And we trust it's just a matter of execution at this point.

VI. Mass Consumerism & Perpetual Economic Growth – the Fric & Frac of our Age – are history . One need not look any further than the inside of one's own home to see the ravages of these adopted twins. They own the bedroom, the living room, the family room and all the closets. They've taken over the kitchen, the den and the garage, as well. Since their middle names are Amass and Accumulate, we can only imagine what might lay hidden in the attic, the basement and the shed.

Ever since they became the twin pillars of Kali Yuga's overarching philosophy of life, things started to really go to hell in a handbasket … or rather gilded cage. How so? What else could one expect from a political economy that demands growth , necessitates growth and extols the virtues of growth at every turn (and on every other commercial and newscast). Growth, at the expense of WHAT!! We'll tell you what – Life!

One of the most tragic parts of this ever-unfolding tragedy has been the dramatic change in the spirit of the people with whom these twins associate. The very society loses its refinement, as the culture becomes debased. Aren't so many things associated with Americana experienced as coarse, and crude, and crass? Likewise, the nation, which was once known as the “land of the free; home of the brave”, morphs into a country reviled for its unkindness, lack of compassion and cruelty. Before anyone realizes, the citizenry is easily being herded, and then stampeded, into wars and conflict of every sort and kind.

What else could be expected when the meme of consumerism is subliminally implanted at such a young and tender age, and relentlessly reinforced from cradle to grave? And, what does it really say about a society when all who belong to it are known as consumers. Kind of like little pac-men (and pac-women) gobbling up everything in sight. Starts out with BIG Macs and 24 oz cokes, then super-sized HUMMERS, then oil fields and gold mines and precious rainforests, and then whole countries.

Likewise, in the corporate realm, any board director, company officer, division president, regional director, department manager, production supervisor, etc. will candidly speak to the greatest pressure in their lives. More income, more sales, more profit, more production, more revenue – anything that will show an increase in year over year growth. Always gotta GROW, even though yuv been out of puberty for 20 or 30 years!?

Well, you can imagine that this state of affairs can only go on for so long. As a matter of fact, this party's now over. And the hangover is about to begin. Perhaps it's time to send these twins on a permanent vacation to the waterless region .

VII. War, as a means of wealth creation, is now bankrupt. War, as a means of conflict resolution, is over. As a means to any end whatsoever, war is finished . You get the picture, don't you? War has outlived its usefulness, and has become as obsolete as the derivatives hawker. There is simply no more place for it in civil society. It's time for the curtain to fall on this show for the last time, and for all of its bad actors to hit the stage exit.

It never was a legitimate policy for conflict resolution, as we know. Virtually all conflicts and wars were manufactured in the boardrooms of the world. And impeccably stage managed by the directors of the war studios. Isn't the Iraq war a perfect example of this kind of terrible and awful-to-watch “B” movie?

Any deliberate, probing and unprejudiced analysis of all the major wars going back to the French Revolution will reveal an extraordinary degree of carefully calculated and coordinated events leading up to the actual conflagrations we call war. Just read the actual history that is only now beginning to surface, and you will reach this very same conclusion.

War has consistently served its masters in three ways which no longer have relevance in an enlightened civilization: (i) population control (ii) artificial creation of wealth for the plutocracy (iii) imposition of a tyrannical order in the wake of the chaos that always results from war. Population control in this context has different meanings. The number of people who are systematically genocided, wantonly annihilated and deliberately infected with disease agents serve the purpose of population reduction. Then there is the sheer terror of war and its effects on whole populations (see how easily controlled both the Germans and Japanese were after WWII). “Order out of chaos” is made easy when all concerned parties have been faced with the extraordinary distraction, mayhem and pandemonium that war always brings.

There are, of course, many other declared wars whose battlegrounds are far from the traditional battlefields of armed conflict. The WAR on Drugs. The WAR on Poverty. The WAR on Crime. The WAR on AIDS. Just like the WAR on TERROR , all of these so called wars are entirely bogus and fabricated, as they all have consistently produced outcomes that are completely contrary to their stated purposes. How so? Because each of them has been designed, and engineered, to perpetuate and expand the status quo. The War on Drugs, for instance, was designed in part to ensure that the opium (and all of its profitable derivatives) flows freely and efficiently from the poppy fields of Afghanistan to the targeted markets in America and elsewhere. In this way, all clandestine US and foreign intelligence agencies/secrets services are able to fund their innumerable black operations without any congressional oversight or public scrutiny from the massive revenues generated that this perfectly controlled black market provides. Oh, yes, did we forget to mention that most of these black ops are actually wars as well. What a Racket?! As Major General Smedley Butler once proclaimed to the world in his book: “WAR IS A RACKET.”

May the shadow governments of the warmongering and real “Axis of Evil” – the USA, the UK and Israel – truly imbibe the message contained in this ongoing proclamation: WAR is no longer an option . For each of these nations is facing an economic armegeddon of staggering and unprecedented proportions. When confronted with such an incapacitating monetary meltdown, the impulse and subsequent orchestrated plan, historically, has been to provoke wars through false flag attacks/operations. This knee-jerk, yet carefully calculated, reaction will no longer work. The consequential global financial apocalypse, this time around will simply be too demanding and debilitating, especially for those who would attempt to plunge the planet into a WWIII scenario. Why? The global money matrix, that supports and keeps their war machine well-oiled, has been in a slow motion collapse for many years, and is now in an epoch crashing free-fall. It's disintegrating before our eyes, and will soon be unable to fund not so much as a dustup in the neighborhood sandlot.

The 4 th Reich has completely run its course. This last covert phase of the “Holy Roman Empire” is finally over. And it's now imperative that the maestro, and his orchestra, in ‘Rome' get over it. Let us once again proclaim, here and now, that: WAR HAS COME TO AN END .

VIII. There is a very profound and significant connection between the US Government sponsored and staged terrorist attacks of 9/11/01 and the PRE-PLANNED Financial & Economic 9/11 of 2008 that may be difficult for many to fully embrace. But here it goes:

The OMEN that 911 truly was, looks a little bit like THE LORD OF THE RINGS .

Remember the Twin Towers ? When they came down in NYC, it was a message to humankind that the reign of the Almighty Dollar was coming to an end . As a nation's currency goes, so goes its destiny. Her financial strength and economic prowess were on the wane, and soon to be greatly diminished. Just as the WTC (financial capital of the world) was pulverized into dust, the US Dollar would be swept into the ash heap of history. Just as we see it collapsing all around us, exactly 7 years after the original 911 apocalyptic events.

When the Ring of Power was finally destroyed, like the Pentagon (ring-shaped command center of the military-industrial complex) was mortally wounded and damaged, the message was equally clear. Her military might and superior force would be reduced to rubble in the twinkling of an eye. She would, likewise, soon see the demise of Her all-pervasive state sponsored terrorism . This, because She had lost all moral ascendancy. Besides, the empire could no longer be sustained politically, financially, practically or ethically, as the seeds of its own destruction had fully sprouted. The most fatal seed grew into that extremely corrupt and predatory form of corporate, crony capitalism which was so socially unconscious, and so environmentally unaware, it was quite doomed from the very beginning.

The GOOD NEWS is that the nation – its people – will now be compelled to beat their “swords into plowshares” and their “spears into pruning hooks”.

Just as the Phoenix rose from its ashes, so too will America ascend to even greater heights. As long as She ascends with the guidance of the highest of ideals, loftiest of principles and noblest of intentions. And She reforms, and transforms Herself, in good faith, in earnest and with haste.

As a modern day prophet said in the days immediately following September 11, 2001:

“America, Wake up ! ! ! Seize this God-given opportunity. There is no more time to dally in fear and ignorance and greed. For yours is a destiny that must serve as a beacon of Light and Hope and Peace to the world. Make haste, the time is drawing nigh!”

T. Anthony Michael

Special Message to the Market Oracles and Money Masters of the Universe

Our “PRE-PLANNED FIN/ECO 911 of '08” scenario in no way ignores the true state of the national economy, international finance or global economic picture. In fact we are, and have been, fully cognizant of the fact that the true state of every market – real estate, equity, bond, commodities, currency, derivative, etc. has been in shambles for many years, just waiting for the Perfect Storm to come around and blow it all away.

It has been obvious to many of us that each of these markets have operated according to the whim of a very few individuals with extremely concentrated power to manipulate. Therefore, all markets can be artificially inflated, as we have seen time and time again. Likewise, they can be artificially deflated, sometimes rather quickly for effect, as we have seen. “ The Invisible Hand ” of the market is just that – a very carefully hidden hand that makes a complete and total mockery of every economic and financial theory ever advanced. Time for a lot of us to accept this fact of modern economic life.

Perhaps we should now take off our blinders and admit that while, yes, all of the indicators are, and have been, there for a catastrophic economic meltdown & financial cataclysm, these events are still completely controllable. All of us have seen bubble after bubble grow and balloon, and merge and overlap, and inextricably interpenetrate each other, until all we have is one massive bubble ready to pop. But, when will it pop?! It will pop when the confidence level is sufficiently undermined by the very same MEDIA that controls the flow of the relevant information. And who, pray tell, controls the media, if not The Invisible Hand ? Clearly, the real Market Oracles are not a part of that MSM juggernaut. Therefore, it is incumbent upon each oracle to get it right, since they are the very best sources of pertinent financial and economic data/information available.

The inevitability of self destructive capitalism does not preclude the process of controlled destruction. As the system eats itself, there are those who are eaten, and those who eat. We are witnessing this devolution in living color, as we both write and read these words. The “strong” at the top of the pyramid have always done the eating, as the “weak” at the bottom provide the bone for the stew. The only major difference at this particular, and final, feast is that the internet has allowed for an unprecedented explosion of true and accurate information in real time. Therefore, the playing field has been leveled like never before. The little guy or gal, for the first time ever, has the opportunity to take back a little, or a lot, of his/her power (WEALTH), should he/she so choose.

Even as the Wall Street gangs team up with the opportunistic political class, as well as the numerous corporate/legal jackals and lobby parasites, to effectuate the most massive redistribution of wealth (aka in your face THEFT ) in recorded history, something has profoundly and fundamentally changed. There is a dynamic at work which can alter the game just enough to potentially turn the pyramid upside down. This, however, requires a no nonsense, “look in the mirror with raw honesty” approach. Then we (the oracles) will not deign to render a judgment that is not fully baked. And the recommendations we make are more likely to be issued in the best interest of ALL, especially for those who are in a position of class disadvantage, financial ignorance or structured powerlessness.

So, we have made it clear that all the forces have been put into place for the upcoming monetary apocalypse. But even these forces are controlled, each and every one of them, all the way up to the top. It's probably a very good time to contemplate just who it is that resides at the peak of the global financial decision-making process. And, their agenda?!?

By T. Anthony Michael

We The People
we_the_people@fastmail.us

T. Anthony Michael is a Financial Analyst & Long Range Financial Planner.

BARACK OBAMA: CHANGE IN CONTINUITY...

Obama, world crisis and the new world order

Maurizio d’Orlando
Asia News.IT
Saturday, Nov 15, 2008

The depth of the current economic crisis is leading many people to favour a form of governance that would place economic and political life under the trusteeship of international organisations. Barack Obama’s new cabinet, which is made up of those responsible for the crisis, will ensure the ascendancy of financial interests. In the meantime no one is calling for the people to have power in the monetary sphere. The result is that democracy is being killed by financial power.

A new world order has been in the making for quite some time and is now becoming “inevitable”. Many a politician and economist are quick to say that great sacrifices are called for, and that any “reasonable” person will see that suffering and hardship are “necessary.”
The crisis that is currently affecting our lives is behind this global shift. The slow fire has moved from real estate, to banking and finances, and is now reaching industry, agriculture and the whole economy. From the heartland in the United States it is reverberating outward touching the entire world.

The fear of a domino effect and its potential for economic, political and social upheavals and the fear of widespread anarchy will provide the necessary tools to install this new order, which for most people will appear as the only possible outcome. The act of governing will change as a world body will be in charge the financial, economic and tax systems. Police, prisons and private relations inside and outside the family will come under its purview, so will national sovereignty of the peoples and the right to express opinions that are different from those of the single thought of relativism, which will be seen as the only solution that is available and desirable.

The G20 and the New World Order

Until a few decades ago such a new world order would have been anathema, a nightmare, a first step towards a worldwide dictatorship. Now world leaders will be praised when they show concern for the well-being of the earth’s peoples and social groups at a time of difficulties. Of course, this is what we will hear, and very soon too, in terms more unambiguous that we might think now. This said, new rules, a new Bretton Woods, are not anything new; discussions have been going on for some time. Perhaps the next G20 summit on 15 November will be a time when the “miracle” cure is found, one that will entail a world central bank that regulates a single currency of account and its relationship to local currencies.

After a short lesson and a quick diagnosis of the current problems, during which G20 participants will hear that “it was all the fault of Bush’s brainless laissez-faire advocates,” the same people responsible for the current crisis will supply the treatment for putting things right.

All we have to do is see who funded the most expensive presidential campaign in the former US superpower (more than a billion dollars at a time of great recession). As always some have bet on both horses just to be on the safe side. As we know Barack Obama pulled it off, money-wise too, almost twice as much as the Republican candidate. In addition to traditional sectors like show business, media, academe, education, information technology and the Internet, hedge funds, law firms (closely linked to the world of creative financial mediation) and private equity funds have bankrolled the new president’s campaign.”

In order to change nothing, the appearance of everything has to change. In fact, only the surface had to change a bit; the new president’s darker skin. For everything else, it was business as usual. Indeed the cabinet of the new president is made up of the same, reckless people. Let’s see! We have Larry Summers, Tim Geithner and Robert Rubin who have been short-listed for the Treasury Department; all of whom are extreme laissez-faire advocates who believe in an unfettered financial system, enemies of the Glass-Steagall Act. They are same people who swapped jobs at the International Monetary Fund, World Bank, Clinton Administration; played sidekicks for Alan Greenspan and Ben Shalom Bernanke, or at the headquarters of Federal Reserve Bank of New York (Geithner); that is the same people who masterminded events before and after the current crisis.

Old faces in Obama’s new government

Obama picked Rahm Emanuel to be his chief of staff, a man whose career straddled politics and Wall Street’s great financial groups. But there is more to his case. Not only his father was a member of the Irgun but he holds Israeli citizenship, has fought for Israel and represents that country’s armed forces. He also endorsed Obama before the leadership of the AIPAC, a US Zionist organisation that is also funded by the State of Israel and which has recently been involved in espionage cases. In Israel many view Rahm as “our man in the White House.”

Based on this perhaps the choice between the two candidates was not really equal. See-sawing in the polls for quite a while after an apparent jump, buoyed by the war in Georgia, the Republican camp saw its fortunes nosedive after President Bush refused in late August to provide Israel’s air force refuelling aircrafts for a long range mission, in effect vetoing an attack against Iran. Starting with oil, the prices of primary commodities began dropping a few days later, negatively affecting investment banks, which had bet on high prices to compensate for losses in the home mortgage market, thus throwing the world’s stock markets into a tailspin in early September.

Democracy and money

From all of the above it is clear that an Obama presidency will not change how the financial crisis will be handled. On the contrary, it will strengthen the trend to protect large institutions and industries at the expense of small enterprises and the man and woman of the street who voted for him. It is quite obvious that the G20 summit in Washington will not affect the central issue of the present financial and economic crisis (and the many preceding crises of modernity and post-modernity), i.e. sovereignty and system legitimacy.

In today’s world the only political regime that is considered fully legitimate in political and economic terms is democracy. Many wars have been fought to spread democracy and in democracy, by definition, the people are sovereign. However, if a highly developed and complex democracy like that of the United States can be guided (in the sense that voters are left with the illusion that they can choose when in fact their choices like in a supermarket are shaped by marketing, political marketing that is) by those with deep pockets, the legitimacy of the system no longer lies in the consent of the people since the latter goes to the highest bidder. Hence money becomes the basis of consent and power in a democracy.

There is nothing new in all this but the crucial point is that printing money is a sovereign act and is governed by laws. A creditor cannot refuse payment in money that has legal tender and demand instead payment according to his or her wish (gold, silver or what not) if he or she has not negotiated it beforehand. Those who control the money supply through ad hoc rules can favour some over others.

Thus the paradox of modern democracy is that a sovereign people (through its supposed representatives, parliaments, heads of state and government) have de facto no power or right over the US Federal reserve (or the European Central Bank) with regards to such an important sovereign act.

In order to protect the public and avoid political interference printing money has been privatised and placed beyond public control. Through its representatives the sovereign cannot be trusted and thus is not sovereign. Few know that the US Federal Reserve was established under private law; the same is true for the Bank of Italy and many other central banks.

OPEN LETTER TO BARACK OBAMA REGARDING THE FEDERAL RESERVE BANK AND THE GLOBAL FINANCIAL CRISIS

THE UNITED SLAVES OF AMERICA & THE PRIVATELY-OWNED FEDERAL RESERVE BANK OF AMERICA (FED)

" Money is a new form of slavery, distinguishable from chattel slavery simply due to the fact that it has no visible master-slave relationship." Tolstoy

"None are more hopelessly enslaved than those who falsely believe to be free." Goethe

"I believe that banking institutions are more dangerous to our liberties than standing armies.If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." Thomas Jefferson

The root economic, financial and political cause of the global financial crisis:

The privately-owned US Federal Reserve Bank (FED) and its anti-constitutional and fraudulent monetary policies and money counterfeiting practices.

Mr. Obama,

I am writing to you with regards to the severe global financial crisis which is threatening the lives of billions of people worldwide, and which has its roots deeply grounded within the frauduleent US banking and financial architecture, and more specifically within the US anti-constitutional and fraudulent monetary policies and money counterfeiting practices of the privately-owned Federal Reserve Bank (FED).

As you very well know, the US Federal Reserve Bank (FED) – the US Central Bank - is neither “federal” nor does it have any “reserves”. In fact, the US Federal Reserve Bank (FED)- contrary to what people in the US and around the world have fraudulently been misled to believe since its fraudulent creation in 1913 - is not a "federal" US government institution, but a PRIVATE bank - whose shares are held by the largest private banks around the world- that was fraudulently created by Congress in 1913 through the Federal Reserve Act, that surrendered it the power to create and regulate the supply of money of the United States, contrary to and in direct violation of Article 1, Section 8 of the US Constitution, which strictly and exclusively grants Congress the power and the exclusive right " To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures" to be strictly backed by gold and/or silver" and " To provide for the Punishment of counterfeiting the Securities and current Coin of the United States."

However, under the Federal Reserve Act, the privately-owned Federal Reserve Bank literally creates money out of thin air - by printing/counterfeiting worthless fiat paper money ($US bills) and/or by electronically creating fiat money, which it then LENDS to the US government AT INTEREST, which US citizens are then coerced to repay through direct taxation, both in direct violation of the US Constitution.

Question?

The obvious question that any thinking person would ask - and that I hereby ask you as the new president-elect of the US - is why the US government has to BORROW counterfeited fiat money AT INTEREST from a cartel of private banks (FED), when the US Constitution strictly gives Congress the exclusive Constitutional right and the power " to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures"?

Furthermore, thank you for clearly indicating what you plan to do - as President of the United States- to put an end to this anti-Constitutional, fraudulent and massive counterfeiting monetary system that has been plundering both the US citizens' and the worlds' real wealth since 1913, and which is at the root cause of the current global financial crisis with billions of victims worldwide.

I thank you for looking into my inquiry and I look forward to your response.

Sincerely,

Arya Tajdin
One of the billions of worldwide victims of the FED's fraudulent monetary policies and money counterfeiting practices.

Reflections by the Founding Fathers and ex-US presidents on the Federal Reserve Bank.

I believe that banking institutions are more dangerous to our liberties than standing armies.If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

... The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating. -Thomas Jefferson


History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance. -James Madison


If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations. -Andrew Jackson

The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity. -Abraham Lincoln

Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to...provisions [which] would place our currency and credit system in private hands. - Theodore Roosevelt

Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men. -Woodrow Wilson

Years later, reflecting on the major banks' control in Washington, President Franklin Roosevelt paid this indirect praise to his distant predecessor President Andrew Jackson, who had "killed" the 2nd Bank of the US (an earlier type of the Federal Reserve System). After Jackson's administration the bankers' influence was gradually restored and increased, culminating in the passage of the Federal Reserve Act of 1913. Roosevelt knew this history.

The real truth of the matter is,as you and I know, that a financial
element in the large centers has owned the government ever since
the days of Andrew Jackson... -Franklin D. Roosevelt
(in a letter to Colonel House, dated November 21, 1933)

I encourage all those who wish to live as free men to carry out their own research on the Federal Reserve Bank and on the fraudulent monetary practices and workings of the global banking architecture ( i.e. Central Banks & Fractional Reserve Banking).

As Goethe said:

" None are more enslaved than those who falsely believe to be free."

And as Tolstoy rightly stated:

" Money is a new form of slavery, distinguishable from the old simply due to the fact that it has no visible master-slave relationship."

G20 SUMMIT FAILS TO REVEAL, ADDRESS & RESOLVE ROOT CAUSE OF GLOBAL FINANCIAL CRISIS.

The G-20 Financial Summit held in Washington over the weekend to discuss the global financial crisis has brilliantly failed- although not surprisingly - to reveal, address and resolve the root financial cause behind the global financial crisis: namely, both the fraudulent global monetary architecture and the fraudulent monetary policies of the US Federal Reserve Bank – the Central Bank of the US - which is neither Federal and does not have any monetary "reserves."

In fact, the US Federal Reserve Bank (FED)- contrary to what people around the world have fraudulently been misled to believe since its creation in 1913, is not a US government "Federal" institution, but a PRIVATE bank whose shares are held by the largest private banks around the world, that was fraudulently created in 1913 through the Federal Reserve Act, to create and regulate the supply of money of the United States, contrary to and in direct violation of the US Constitution, which specifically and exclusively grants Congress the power and right to coin money and regulate the value thereof, to be strictly backed by gold and/or silver.

However, under the Federal Reserve Act, the privately-owned Federal Reserve Bank literally creates money out of thin air - by printing/counterfeiting worthless paper money ($US bills) and/or electronically creating fiat money, which it then LENDS to the US government at interest, which US citizens are coerced to repay through direct taxation, both in direct violation of the US constitution.

The obvious question that any thinking person would ask, is why would the US government have to borrow money at interest from a cartel of private banks, if the Constitution exclusively gives it the power and the right to "coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures." ( US Constitution, Article 1, Section 8)

I suggest that you put forth this crucial question to Barack Obama, the new president elect of the US, and ask him what he plans to do to put an end to this anti-constitutional, fraudulent and massive counterfeiting monetary system that has been plundering both the US and the worlds' wealth since 1913.

Thus, under this fraudulent counterfeiting monetary system, both US and world citizens have literally become the working slaves of the international banking cartel who - through the counterfeiting of worthless fiat money called US dollars- literally steal and plunder real wealth created and owned by both US and global citizens around the world since 1913.

As Henry C K Liu writes:

" Ever since 1971, when US president Richard Nixon took the dollar off the gold standard (at $35 per ounce) that had been agreed to at the Bretton Woods Conference at the end of World War II, the dollar has been a global monetary instrument that the United States, and only the United States, can produce by fiat. World trade is now a game in which the US produces dollars and the rest of the world produces things that dollars can buy."

source: http://www.atimes.com/global-econ/DD11Dj01.html

As Tolstoy rightly stated:

“ Money is a new form of slavery, distinguishable from the old simply by the fact that it has no visible master-slave relationship.”


In fact, the current global financial architecture has enslaved the whole world through subtle and invisible chains…

And as Goethe rightly stated:

“Those who falsely believe to be free are the most enslaved.”

Why have the G20 so-called “leaders” failed to reveal this global fraud ?

The G20 is on board the sinking US dollar ship: If the dollar sinks, they all sink…

In fact, The G20 countries - and many other countries - are trapped and enslaved by the current fraudulent global financial architecture that is entirely controlled and built around the US Federal Reserve Bank and the global hegemony of the US dollar.

In fact, most export-oriented countries around the world depend on the US market for their exports earnings and thus on the US dollar for their revenue. As a result, over the years the G20 countries have built huge monetary reserves in US dollars- denominated assets which they hold as "reserves" in their respective Central Banks used to sustain the exchange value of their domestic currencies. Thus, if the US dollar collapses, both their US dollars-denominated savings & investments along with the value of their currency would inevitably collapse, immediately destroying their whole economies in the process.

Globalization: Triangular Trade of the 21st century

Secondly, if the US dollar collapses, the US economy will obviously also collapse. As a result, since the G20 countries and many other export-oriented countries around the word largely depend on the credit based and consumerism-driven US market for their export revenue, their largely US export-based and dependent economies would also inevitably collapse.

"It must be now obvious to many that the impact of the financial crisis to China is not only about us buying U.S. treasury bonds that could shrink in value," says Wang Luolin, researcher with the Chinese Academy of Social Sciences. "The end of the U.S. development model driven by consumption means the end of China’s development model based on exports." source: www.globalresearch.ca/index.php?context=va&aid=11140

As of this week China has overtaken Japan as the largest holder of U.S. treasury securities, with 585 billion dollars compared with Japan’s 573.2 billion, for the first time.

In fact, what is referred to as “Globalization” is nothings more than the Triangular Trade of the 21st century. The modern-day economy is based on a new form of triangular trade called “globalization” that 1) exploits raw materials from so-called Third-World countries in located mainly in Africa, South America and parts of Asia, 2) which are then processed in low-wage countries such as China (manufacturing) and India (services) using slave-labor as their “Comparative Advantage”, 3) and are then exported as finished goods in high-income countries -mainly in Europe and in the US - for consumption, with the multinationals and the international banks controlling this modern-day triangular trade reaping all the profits, resulting in the globalization of poverty in the process. In fact, global poverty is the direct result of this profondly unfair, and highly exploitative triangular global trading process which is referred to as "globalization".

Thus, if the US dollar collapses, this entire globalized triangular trading system would also collapse ( which would in fact be a blessing in disguise - although a very painful one ) since it is built on both the hegemony of the US dollar in global trade and the dependence to a large extent on the US market for the earnings of many export-oriented and dependent countries around the world.

Thus, for all these reasons, the G20 countries cannot openly reveal nor change the fraudulent global monetary system without sinking their own US-denominated savings, investments, local currencies and economies along…The G20 countries are in fact trapped and enslaved by the fraudulent global monetary architecture which is built around the hegemony of the fiat US dollar which is entirely controlled by the fraudulent (and US anti-constitutional) monetary policies of the privately-owned Federal Reserve Bank of the US.

At the same time, however, the global financial crisis has created a "hole" in the US dollar ship by beginning to reveal the fraudulent money counterfeiting practices of the FED to the world at large, and thus it is only a question of time before the US dollar ship sinks to the bottom…Thus, as nervous travelling passengers aboard the US dollar ship, the big question the G20 must ask themselves is: Do we try to fix a sinking ship or do we jump off the ship before we all sink with it...?

Judging from both the outcome and the empty deceitful rhetoric preached by the G20 during the Financial Summit held in Washington over the weekend, it seems that they have all chosen to stay on board and try to fix the sinking ship…I hope that they have life saving jackets and can swim, because the ship and all those on board are inevitably going to sink...

It is only a question of time before the world fully discovers and starts to understand the inner workings of the fraudulent and criminal global financial architecture.

"The grim reality has led people, amidst the panic, to realize that the United States has used the U.S. dollar's hegemony to plunder the world's wealth," said Shi Jianxun, a professor at Shanghai's Tongji University.( see full news extract reported by Reuters below)

As one of the ex-governors of the Bank of England stated:

“It is good that people do not understand the workings of the global monetary system; because if they did, there would be a revolution tomorrow…”


That day is not far…

Article published in Peoples’ Daily: "Us plunders world wealth with worthless paper dollars"

BEIJING (Reuters) - The United States has plundered global wealth by exploiting the dollar's dominance, and the world urgently needs other currencies to take its place, a leading Chinese state newspaper said on Friday.

Threatened by a "financial tsunami," the world must consider building a financial order no longer dependent on the United States, a leading Chinese state newspaper said on Wednesday.

The commentary in the overseas edition of the People's Daily said the collapse of Lehman Brothers Holdings Inc (LEH.P) "may augur an even larger impending global 'financial tsunami'."

"The eruption of the U.S. sub-prime crisis has exposed massive loopholes in the United States' financial oversight and supervision," writes the commentator, Shi Jianxun.

"The world urgently needs to create a diversified currency and financial system and fair and just financial order that is not dependent on the United States."

The front-page commentary in the overseas edition of the People's Daily said that Asian and European countries should banish the U.S. dollar from their direct trade relations for a start, relying only on their own currencies.

A meeting between Asian and European leaders, starting on Friday in Beijing, presented the perfect opportunity to begin building a new international financial order, the newspaper said.

The People's Daily is the official newspaper of China's ruling Communist Party. The Chinese-language overseas edition is a small circulation offshoot of the main paper.

Its pronouncements do not necessarily directly voice leadership views. But the commentary, as well as recent comments, amount to a growing chorus of Chinese disdain for Washington's economic policies and global financial dominance in the wake of the credit crisis.

"The grim reality has led people, amidst the panic, to realize that the United States has used the U.S. dollar's hegemony to plunder the world's wealth," said the commentator, Shi Jianxun, a professor at Shanghai's Tongji University.

Shi, who has before been strident in his criticism of the U.S., said other countries had lost vast amounts of wealth because of the financial crisis, while Washington's sole concern had been protecting its own interests.

"The U.S. dollar is losing people's confidence. The world, acting democratically and lawfully through a global financial organization, urgently needs to change the international monetary system based on U.S. global economic leadership and U.S. dollar dominance," he wrote.

Shi suggested that all trade between Europe and Asia should be settled in euros, pounds, yen and yuan, though he did not explain how the Chinese currency could play such a role since it is not convertible on the capital account.

A two-day Asia-Europe Meeting (ASEM) of 27 EU member states and 16 Asian countries was set to open on Friday. Though few analysts expect much in the way of concrete agreements, Shi said it could prove momentous.

"How can Europe and Asia grasp each other's hands and together confront the once-in-a-century global financial crisis sparked by the U.S.; how can they construct a new equitable and safe international financial order?" he said.

"The world is waiting for this Asian-European meeting to achieve big results in financial cooperation."

Source: Reuters (Reporting by Simon Rabinovitch; Editing by Ken Wills)

GM COTTON: " DEATH SEEDS" & THE ECONOMIC GENOCIDE OF FARMERS IN THE COTTON "SUICIDE BELTS" OF INDIA.

The GM genocide: Thousands of Indian farmers are committing suicide after using genetically modified crops

by Andrew Malone

Global Research, November 6, 2008

www.globalresearch.ca

Daily Mail - 2008-11-03

When Prince Charles claimed thousands of Indian farmers were killing themselves after using GM crops, he was branded a scaremonger. In fact, as this chilling dispatch reveals, it's even WORSE than he feared.

The children were inconsolable. Mute with shock and fighting back tears, they huddled beside their mother as friends and neighbours prepared their father's body for cremation on a blazing bonfire built on the cracked, barren fields near their home.

As flames consumed the corpse, Ganjanan, 12, and Kalpana, 14, faced a grim future. While Shankara Mandaukar had hoped his son and daughter would have a better life under India's economic boom, they now face working as slave labour for a few pence a day. Landless and homeless, they will be the lowest of the low.

Human tragedy: A farmer and child in India's 'suicide belt'

Shankara, respected farmer, loving husband and father, had taken his own life. Less than 24 hours earlier, facing the loss of his land due to debt, he drank a cupful of chemical insecticide.

Unable to pay back the equivalent of two years' earnings, he was in despair. He could see no way out.

There were still marks in the dust where he had writhed in agony. Other villagers looked on - they knew from experience that any intervention was pointless - as he lay doubled up on the ground, crying out in pain and vomiting.

Moaning, he crawled on to a bench outside his simple home 100 miles from Nagpur in central India. An hour later, he stopped making any noise. Then he stopped breathing. At 5pm on Sunday, the life of Shankara Mandaukar came to an end.

As neighbours gathered to pray outside the family home, Nirmala Mandaukar, 50, told how she rushed back from the fields to find her husband dead. 'He was a loving and caring man,' she said, weeping quietly.

'But he couldn't take any more. The mental anguish was too much. We have lost everything.'

Shankara's crop had failed - twice. Of course, famine and pestilence are part of India's ancient story.

But the death of this respected farmer has been blamed on something far more modern and sinister: genetically modified crops.

Shankara, like millions of other Indian farmers, had been promised previously unheard of harvests and income if he switched from farming with traditional seeds to planting GM seeds instead.

Beguiled by the promise of future riches, he borrowed money in order to buy the GM seeds. But when the harvests failed, he was left with spiralling debts - and no income.

So Shankara became one of an estimated 125,000 farmers to take their own life as a result of the ruthless drive to use India as a testing ground for genetically modified crops.

The crisis, branded the 'GM Genocide' by campaigners, was highlighted recently when Prince Charles claimed that the issue of GM had become a 'global moral question' - and the time had come to end its unstoppable march.

Speaking by video link to a conference in the Indian capital, Delhi, he infuriated bio-tech leaders and some politicians by condemning 'the truly appalling and tragic rate of small farmer suicides in India, stemming... from the failure of many GM crop varieties'.

Ranged against the Prince are powerful GM lobbyists and prominent politicians, who claim that genetically modified crops have transformed Indian agriculture, providing greater yields than ever before.

The rest of the world, they insist, should embrace 'the future' and follow suit.

So who is telling the truth? To find out, I travelled to the 'suicide belt' in Maharashtra state.

What I found was deeply disturbing - and has profound implications for countries, including Britain, debating whether to allow the planting of seeds manipulated by scientists to circumvent the laws of nature.

For official figures from the Indian Ministry of Agriculture do indeed confirm that in a huge humanitarian crisis, more than 1,000 farmers kill themselves here each month.

Simple, rural people, they are dying slow, agonising deaths. Most swallow insecticide - a pricey substance they were promised they would not need when they were coerced into growing expensive GM crops.

It seems that many are massively in debt to local money-lenders, having over-borrowed to purchase GM seed.

Pro-GM experts claim that it is rural poverty, alcoholism, drought and 'agrarian distress' that is the real reason for the horrific toll.

But, as I discovered during a four-day journey through the epicentre of the disaster, that is not the full story.

Death seeds: A Greenpeace protester sprays milk-based paint on a Monsanto research soybean field near Atlantic, Iowa
In one small village I visited, 18 farmers had committed suicide after being sucked into GM debts. In some cases, women have taken over farms from their dead husbands - only to kill themselves as well.

Latta Ramesh, 38, drank insecticide after her crops failed - two years after her husband disappeared when the GM debts became too much.

She left her ten-year-old son, Rashan, in the care of relatives. 'He cries when he thinks of his mother,' said the dead woman's aunt, sitting listlessly in shade near the fields.

Village after village, families told how they had fallen into debt after being persuaded to buy GM seeds instead of traditional cotton seeds.

The price difference is staggering: £10 for 100 grams of GM seed, compared with less than £10 for 1,000 times more traditional seeds.

But GM salesmen and government officials had promised farmers that these were 'magic seeds' - with better crops that would be free from parasites and insects.

Indeed, in a bid to promote the uptake of GM seeds, traditional varieties were banned from many government seed banks.

The authorities had a vested interest in promoting this new biotechnology. Desperate to escape the grinding poverty of the post-independence years, the Indian government had agreed to allow new bio-tech giants, such as the U.S. market-leader Monsanto, to sell their new seed creations.

In return for allowing western companies access to the second most populated country in the world, with more than one billion people, India was granted International Monetary Fund loans in the Eighties and Nineties, helping to launch an economic revolution.

But while cities such as Mumbai and Delhi have boomed, the farmers' lives have slid back into the dark ages.

Though areas of India planted with GM seeds have doubled in two years - up to 17 million acres - many famers have found there is a terrible price to be paid.

Far from being 'magic seeds', GM pest-proof 'breeds' of cotton have been devastated by bollworms, a voracious parasite.

Nor were the farmers told that these seeds require double the amount of water. This has proved a matter of life and death.

With rains failing for the past two years, many GM crops have simply withered and died, leaving the farmers with crippling debts and no means of paying them off.

Having taken loans from traditional money lenders at extortionate rates, hundreds of thousands of small farmers have faced losing their land as the expensive seeds fail, while those who could struggle on faced a fresh crisis.

When crops failed in the past, farmers could still save seeds and replant them the following year.

But with GM seeds they cannot do this. That's because GM seeds contain so- called 'terminator technology', meaning that they have been genetically modified so that the resulting crops do not produce viable seeds of their own.

As a result, farmers have to buy new seeds each year at the same punitive prices. For some, that means the difference between life and death.

Take the case of Suresh Bhalasa, another farmer who was cremated this week, leaving a wife and two children.

As night fell after the ceremony, and neighbours squatted outside while sacred cows were brought in from the fields, his family had no doubt that their troubles stemmed from the moment they were encouraged to buy BT Cotton, a geneticallymodified plant created by Monsanto.

'We are ruined now,' said the dead man's 38-year-old wife. 'We bought 100 grams of BT Cotton. Our crop failed twice. My husband had become depressed. He went out to his field, lay down in the cotton and swallowed insecticide.'

Villagers bundled him into a rickshaw and headed to hospital along rutted farm roads. 'He cried out that he had taken the insecticide and he was sorry,' she said, as her family and neighbours crowded into her home to pay their respects. 'He was dead by the time they got to hospital.'

Asked if the dead man was a 'drunkard' or suffered from other 'social problems', as alleged by pro-GM officials, the quiet, dignified gathering erupted in anger. 'No! No!' one of the dead man's brothers exclaimed. 'Suresh was a good man. He sent his children to school and paid his taxes.

'He was strangled by these magic seeds. They sell us the seeds, saying they will not need expensive pesticides but they do. We have to buy the same seeds from the same company every year. It is killing us. Please tell the world what is happening here.'

Monsanto has admitted that soaring debt was a 'factor in this tragedy'. But pointing out that cotton production had doubled in the past seven years, a spokesman added that there are other reasons for the recent crisis, such as 'untimely rain' or drought, and pointed out that suicides have always been part of rural Indian life.

Officials also point to surveys saying the majority of Indian farmers want GM seeds - no doubt encouraged to do so by aggressive marketing tactics.

During the course of my inquiries in Maharastra, I encountered three 'independent' surveyors scouring villages for information about suicides. They insisted that GM seeds were only 50 per cent more expensive - and then later admitted the difference was 1,000 per cent.

(A Monsanto spokesman later insisted their seed is 'only double' the price of 'official' non-GM seed - but admitted that the difference can be vast if cheaper traditional seeds are sold by 'unscrupulous' merchants, who often also sell 'fake' GM seeds which are prone to disease.)

With rumours of imminent government compensation to stem the wave of deaths, many farmers said they were desperate for any form of assistance. 'We just want to escape from our problems,' one said. 'We just want help to stop any more of us dying.'

Prince Charles is so distressed by the plight of the suicide farmers that he is setting up a charity, the Bhumi Vardaan Foundation, to help those affected and promote organic Indian crops instead of GM.

India's farmers are also starting to fight back. As well as taking GM seed distributors hostage and staging mass protests, one state government is taking legal action against Monsanto for the exorbitant costs of GM seeds.

This came too late for Shankara Mandauker, who was 80,000 rupees (about £1,000) in debt when he took his own life. 'I told him that we can survive,' his widow said, her children still by her side as darkness fell. 'I told him we could find a way out. He just said it was better to die.'

But the debt does not die with her husband: unless she can find a way of paying it off, she will not be able to afford the children's schooling. They will lose their land, joining the hordes seen begging in their thousands by the roadside throughout this vast, chaotic country.

Cruelly, it's the young who are suffering most from the 'GM Genocide' - the very generation supposed to be lifted out of a life of hardship and misery by these 'magic seeds'.

Here in the suicide belt of India, the cost of the genetically modified future is murderously high.

Global Research Articles by Andrew Malone

OBAMA & THE ARCHITECTS OF THE GLOBAL FINANCIAL CRISIS

Who are the Architects of Economic Collapse?

Will an Obama Administration Reverse the Tide?

The engineers of financial disaster are being considered by President-Elect Barack Obama for the position of Treasury Secretary.

by Michel Chossudovsky

Global Research, November 9, 2008

source: http://www.globalresearch.ca/index.php?context=va&aid=10860


Most Serious Economic Crisis in Modern History

The October 2008 financial meltdown is not the result of a cyclical economic phenomenon. It is the deliberate result of US government policy instrumented through the Treasury and the US Federal Reserve Board.

This is the most serious economic crisis in World history.

The "bailout" proposed by the US Treasury does not constitute a "solution" to the crisis. In fact quite the opposite: it is the cause of further collapse. It triggers an unprecedented concentration of wealth, which in turn contributes to widening economic and social inequalities both within and between nations.

The levels of indebtedness have skyrocketed. Industrial corporations are driven into bankruptcy, taken over by the global financial institutions. Credit, namely the supply of loanable funds, which constitutes the lifeline of production and investment, is controlled by a handful of financial conglomerates.

With the "bailout", the public debt has spiraled. America is the most indebted country on earth. Prior to the "bailout", the US public debt was of the order of 10 trillion dollars. This US dollar denominated debt is composed of outstanding treasury bills and government bonds held by individuals, foreign governments, corporations and financial institutions.

"The Bailout": The US Administration is Financing its Own Indebtedness

Ironically, the Wall Street banks --which are the recipients of the bailout money-- are also the brokers and underwriters of the US public debt. Although the banks hold only a portion of the public debt, they transact and trade in US dollar denominated public debt instruments Worldwide.

In a bitter twist, the banks are the recipients of a 700+ billion dollar handout and at the same time they act as creditors of the US government.

We are dealing with an absurd circular relationship: To finance the bailout, Washington must borrow from the banks, which are the recipients of the bailout.

The US administration is financing its own indebtedness.

Federal, State and municipal governments are increasingly in a straightjacket, under the tight control of the global financial conglomerates. Increasingly, the creditors call the shots on government reform.

The bailout is conducive to the consolidation and centralization of banking power, which in turn backlashes on real economic activity, leading to a string of bankruptcies and mass unemployment.

Will an Obama Administration Reverse the Tide?

The financial crisis is the outcome of a deregulated financial architecture.

Obama has stated unequivocally his resolve to address the policy failures of the Bush administration and "democratize" the US financial system. President-Elect Barack Obama says that he is committed to reversing the tide:

"Let us remember that if this financial crisis taught us anything, it’s that we cannot have a thriving Wall Street while Main Street suffers. In this country, we rise or fall as one nation, as one people." (President-elect Barack Obama, November 4, 2008, emphasis added)

The Democrats casually blame the Bush administration for the October financial meltdown.

Obama says that he will be introducing an entirely different policy agenda which responds to the interests of Main Street:

"Tomorrow, you can turn the page on policies that put the greed and irresponsibility of Wall Street before the hard work and sacrifice of men and women all across Main Street. Tomorrow you can choose policies that invest in our middle class and create new jobs and grow this economy so that everybody has a chance to succeed, from the CEO to the secretary and the janitor, from the factory owner to the men and women who work on the factory floor.( Barack Obama, election campaign, November 3, 2008, emphasis added)

Is Obama committed to "taming Wall Street" and "disarming financial markets"?

Ironically, it was under the Clinton administration that these policies of "greed and irresponsibility" were adopted.

The 1999 Financial Services Modernization Act (FSMA) was conducive to the the repeal of the Glass-Steagall Act of 1933. A pillar of President Roosevelt’s "New Deal", the Glass-Steagall Act was put in place in response to the climate of corruption, financial manipulation and "insider trading" which resulted in more than 5,000 bank failures in the years following the 1929 Wall Street crash.

Bill Clinton signs into law the Gramm-Leach-Bliley Financial Services Modernization Act, November 12, 1999

Under the 1999 Financial Services Modernization Act, effective control over the entire US financial services industry (including insurance companies, pension funds, securities companies, etc.) had been transferred to a handful of financial conglomerates and their associated hedge funds.

The Engineers of Financial Disaster

Who are the architects of this debacle?

In a bitter irony, the engineers of financial disaster are now being considered by President-Elect Barack Obama's Transition Team for the position Treasury Secretary:

Lawrence Summers played a key role in lobbying Congress for the repeal of the Glass Steagall Act. His timely appointment by President Clinton in 1999 as Treasury Secretary spearheaded the adoption of the Financial Services Modernization Act in November 1999. Upon completing his mandate at the helm of the US Treasury, he became president of Harvard University (2001- 2006).

Paul Volker was chairman of the Federal Reserve Board in the l980s during the Reagan era. He played a central role in implementing the first stage of financial deregulation, which was conducive to mass bankruptcies, mergers and acquisitions, leading up to the 1987 financial crisis.

Timothy Geithner is CEO of the Federal Reserve Bank of New York, which is the most powerful private financial institution in America. He was also a former Clinton administration Treasury official. He has worked for Kissinger Associates and has also held a senior position at the IMF. The FRBNY plays a behind the scenes role in shaping financial policy. Geithner acts on behalf of powerful financiers, who are behind the FRBNY. He is also a member of the Council on Foreign Relations (CFR)

Jon Corzine is currently governor of New Jersey, former CEO of Goldman Sachs.

At the time of writing, Obama's favorite is Larry Summers, front-runner for the position of Treasury Secretary.

Harvard University Economics Professor Lawrence Summers served as Chief Economist for the World Bank (1991–1993). He contributed to shaping the macro-economic reforms imposed on numerous indebted developing countries. The social and economic impact of these reforms under the IMF-World Bank sponsored structural adjustment program (SAP) were devastating, resulting in mass poverty.

Larry Summer's stint at the World Bank coincided with the collapse of the Soviet Union and the imposition of the IMF-World Bank's deadly " economic medicine" on Eastern Europe, the former Soviet republics and the Balkans.

In 1993, Summers moved to the US Treasury. He initially held the position of Undersecretary of the Treasury for international affairs and later Deputy Secretary. In liaison with his former colleagues at the IMF and the World Bank, he played a key role in crafting the economic "shock treatment" reform packages imposed at the height of the 1997 Asian crisis on South Korea, Thailand and Indonesia.

The bailout agreements negotiated with these three countries were coordinated through Summers office at the Treasury in liaison with the Federal Reserve Bank of New York and the Washington based Bretton Woods institutions. Summers worked closely with IMF Deputy Managing Director Stanley Fischer, who was later appointed Governor of the Central Bank of Israel.

Larry Summers became Treasury Secretary in July 1999. He is a protégé of David Rockefeller. He was among the main architects of the infamous Financial Services Modernization Act, which provided legitimacy to inside trading and outright financial manipulation.

Larry Summers and David Rockefeller

"Putting the Fox in Charge of the Chicken Coop"

Summers is currently a Consultant to Goldman Sachs and managing director of a Hedge fund, the D.E. Shaw Group, As a Hedge Fund manager, his contacts at the Treasury and on Wall Street provide him with valuable inside information on the movement of financial markets. Under the helm of Larry Summers and as a direct result of the financial meltdown, the D. E. Shaw Group made record profits. At the end of October 2008, at the height of the financial crisis, the D. E. Shaw Group announced $7 billion in revenue, a 22 percent increase over the previous year, "with nearly three times more cash on hand than a year ago" (2theadvocate.com, 31 October 2008).

Putting a Hedge Fund manager (with links to the Wall Street financial establishment) in charge of the Treasury is tantamount to putting the fox in charge of the chicken coop.

The Washington Consensus

Summers, Geithner, Corzine, Volker, Fischer, Phil Gramm, Bernanke, Hank Paulson, Rubin, not to mention Alan Greenspan, al al. are buddies; they play golf together; they have links to the Council on Foreign Relations and the Bilderberg; they act concurrently in accordance with the interests of Wall Street; they meet behind closed doors; they are on the same wave length; they are Democrats and Republicans.

While they may disagree on some issues, they are firmly committed to the Washington-Wall Street Consensus. They are utterly ruthless in their management of economic and financial processes. Their actions are profit driven. Outside of their narrow interest in the "efficiency" of "markets", they have little concern for "living human beings". How are people's lives affected by the deadly gamut of macro-economic and financial reforms, which is spearheading entire sectors of economic activity into bankruptcy.

The economic reasoning underlying neoliberal economic discourse is often cynical and contemptuous. In this regard, Lawrence Summers' economic discourse stands out. He is known among environmentalists for having proposed the dumping of toxic waste in Third World countries, because people in poor countries have shorter lives and the costs of labor are abysmally low, which essentially means that the market value of people in the Third World is much lower. According to summers, this makes it far more "cost effective" to export toxic materials to impoverished countries. A controversial 1991 World Bank memo signed by of Chief Economist Larry Summers reads as follows (excerpts, emphasis added):

DATE: December 12, 1991 TO: Distribution FR: Lawrence H. Summers Subject: GEP

"'Dirty' Industries: Just between you and me, shouldn't the World Bank be encouraging MORE migration of the dirty industries to the Less Developed Countries? I can think of three reasons:

1) The measurements of the costs of health impairing pollution depends on the foregone earnings from increased morbidity and mortality.... From this point of view a given amount of health impairing pollution should be done in the country with the lowest cost, which will be the country with the lowest wages. I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that.

2) The costs of pollution are likely to be non-linear as the initial increments of pollution probably have very low cost. I've always though that under-populated countries in Africa are vastly UNDER-polluted, their air quality is probably vastly inefficiently low compared to Los Angeles or Mexico City. Only the lamentable facts that so much pollution is generated by non-tradable industries (transport, electrical generation) and that the unit transport costs of solid waste are so high prevent world welfare enhancing trade in air pollution and waste.

3) The demand for a clean environment for aesthetic and health reasons is likely to have very high income elasticity. [the demand increases when income levels increase]. The concern over an agent that causes a one in a million change in the odds of prostrate cancer is obviously going to be much higher in a country where people survive to get prostrate cancer than in a country where under 5 mortality is is 200 per thousand.... "

http://www.globalpolicy.org/socecon/envronmt/summers.htm

Summers stance on the export of pollution to developing countries had a marked impact on US environmental policy:

In 1994, "virtually every country in the world broke with Mr. Summers' Harvard-trained "economic logic" ruminations about dumping rich countries' poisons on their poorer neighbors, and agreed to ban the export of hazardous wastes from OECD to non-OECD [developing] countries under the Basel Convention. Five years later, the United States is one of the few countries that has yet to ratify the Basel Convention or the Basel Convention's Ban Amendment on the export of hazardous wastes from OECD to non-OECD countries. (Jim Valette, Larry Summers' War Against the Earth, Counterpunch, undated)

The 1997 Asian Crisis: Dress Rehearsal for Things to Come

In the course of 1997, currency speculation instrumented by major financial institutions directed against Thailand, Indonesia and South Korea was conducive to the collapse of national currencies and the transfer of billions of dollars of central bank reserves into private financial hands. Several observers pointed to the deliberate manipulation of equity and currency markets by investment banks and brokerage firms.

While the Asian bailout agreements were formally negotiated with the IMF, the major Wall Street commercial banks (including Chase, Bank of America, Citigroup and J. P. Morgan) as well as the "big five" merchant banks (Goldman Sachs, Lehman Brothers, Morgan Stanley and Salomon Smith Barney) were "consulted" on the clauses to be included in the Asian bail-out agreements.

The US Treasury in liaison with Wall Street and the Bretton Woods institutions played a central role in negotiating the bailout agreements. Both Larry Summers and Timothy Geithner, were actively involved on behalf of the US Treasury in the 1997 bailout of South Korea:

[In 1997] "Messrs. Summers and Geithner worked to persuade Mr. Rubin to support financial aid to South Korea. Mr. Rubin was wary of such a move, worrying that providing money to a country in dire straits might be a losing proposition..." (WSJ, November 8, 2008)

What happened in Korea under advice from Deputy Treasury Secretary Summers et al, had nothing to do with "financial aid".

The country was literally ransacked. Undersecretary of the Treasury David Lipton was sent to Seoul in early December 1997. Secret negotiations were initiated. Washington had demanded the firing of the Korean Finance Minister and the unconditional acceptance of the IMF "bailout".

A new finance minister, who happened to be former IMF and World Bank official, was appointed and immediately rushed off to Washington for "consultations" with his former IMF colleague Deputy Managing Director Stanley Fischer.

"The Korean Legislature had met in emergency sessions on December 23. The final decision concerning the 57 billion dollar deal took place the following day, on Christmas Eve December 24th, after office hours in New York. Wall Street’s top financiers, from Chase Manhattan, Bank America, Citicorp and J. P. Morgan had been called in for a meeting at the Federal Reserve Bank of New York. Also at the Christmas Eve venue, were representatives of the "big five" New York merchant banks including Goldman Sachs, Lehman Brothers, Morgan Stanley and Salomon Smith Barney. And at midnight on Christmas Eve, upon receiving the green light from the banks, the IMF was allowed "to rush 10 billion dollars to Seoul to meet the avalanche of maturing short-term debts".

The coffers of Korea’s central Bank had been ransacked. Creditors and speculators were anxiously awaiting to collect the loot. The same institutions which had earlier speculated against the Korean won were cashing in on the IMF bailout money. It was a scam. (See Michel Chossudovsky, The Recolonization of Korea, subsequently published as a chapter in The Globalization of Poverty and the New World Order, Global Research, Montreal, 2003.)

"Strong economic medicine" is the prescription of the Washington Consensus. "Short term pain for long term gain" was the motto at the World Bank during Lawrence Summers term of as World Bank Chief Economist. (See IMF, World Bank Reforms Leave Poor Behind, Bank Economist Finds, Bloomberg, November 7, 2000)

What we dealing with is an entire " old boys network" of officials and advisers at the Treasury, the Federal Reserve, the IMF, World Bank, the Washington Think Tanks, who are in permanent liaison with leading financiers on Wall Street.

Whoever is chosen by Obama's Transition team will belong to the Washington Consensus.

The 1999 Financial Services Modernization Act

What happened in October 1999 is crucial.

In the wake of lengthy negotiations behind closed doors, in the Wall Street boardrooms, in which Larry Summers played a central role, the regulatory restraints on Wall Street’s powerful banking conglomerates were revoked "with a stroke of the pen".

Larry Summers worked closely with Senator Phil Gramm (1985-2002),chairman of the Senate Banking committee, who was the legislative architect of the the Gramm-Leach-Bliley Financial Services Modernization Act, signed into law on November 12, 1999 (See Group Photo above). (For Complete text click US Congress: Pub.L. 106-102). As Texas Senator, Phil Gramm was closely associated with Enron.

In December 2000 at the very end of the Clinton mandate, Gramm introduced a second piece of legislation, the so-called Gramm-Lugar Commodity Futures Modernization Act, which paved the way for the speculative onslaught in primary commodities including oil and food staples.

"The act, he declared, would ensure that neither the sec nor the Commodity Futures Trading Commission (cftc) got into the business of regulating newfangled financial products called swaps—and would thus "protect financial institutions from overregulation" and "position our financial services industries to be world leaders into the new century." (See David Corn, Foreclosure Phil, Mother Jones, July August 2008)

Phil Gramm was McCain's first choice for Secretary of the Treasury.

Under the FSMA new rules – ratified by the US Senate in October 1999 and approved by President Clinton – commercial banks, brokerage firms, hedge funds, institutional investors, pension funds and insurance companies could freely invest in each others businesses as well as fully integrate their financial operations.

A "global financial supermarket" had been created, setting the stage for a massive concentration of financial power. One of the key figures behind this project was Secretary of the Treasury Larry Summers, in liaison with David Rockefeller. Summers described the FSMA as "the legislative foundation of the financial system of the 21th century". That legislative foundation is among the main causes of the 2008 financial meltdown.

Financial Disarmament

There can be no meaningful solution to the crisis, unless there is a major reform in the financial architecture, implying inter alia the freezing of speculative trade and the "disarming of financial markets". The project of disarming financial markets was first proposed by John Maynard Keynes in the 1940s as a means to the establishment of a multipolar international monetary system. (See J.M. Keynes, Activities 1940-1944, Shaping the Post-War World: The Clearing Union, The Collected Writings of John Maynard Keynes, Royal Economic Society, Macmillan and Cambridge University Press, Vol. XXV, London 1980, p. 57).

Main Street versus Wall Street

Where are Obama's "Main Street appointees"? Namely individuals who respond to the interests of people across America. There are no labor or community leaders on Obama's list for key positions.

The President-elect is appointing the architects of financial deregulation.

Meaningful financial reform cannot be adopted by officials appointed by Wall Street and who act on behalf of Wall Street.

Those who set the financial system ablaze in 1999, have been called back to turn out the fire.

The proposed "solution" to the crisis under the "bailout" is the cause of further economic collapse.

There are no policy solutions on the horizon.

The banking conglomerates call the shots. They decide on the composition of the Obama Cabinet. They also decide on the agenda of the Washington Financial Summit (November 15, 2008) which is slated to lay the groundwork for the establishment of a new "global financial architecture".

The Wall Street blueprint has already been discussed behind closed doors: the hidden agenda is to establish a unipolar international monetary system, dominated by US financial power, which in turn would be protected and secured by US military superiority.

Neoliberalism with a "Human Face"

There is no indication that Obama will break his ties to his Wall Street sponsors, who largely funded his election campaign.

Goldman Sachs, J. P. Morgan Chase, Citigroup, Bill Gates' Microsoft are among his main campaign contributors.

Warren Buffett, among the the world's richest individuals, not only supported Barak Obama's election campaign, he is a member of his transition team, which plays a key role deciding the composition of Obama's cabinet.

Warren Buffett

Unless there is a major upheaval in the system of political appointments to key positions, an alternative Obama economic agenda geared towards poverty alleviation and employment creation is highly unlikely.

What we are witnessing is continuity.

Obama provides a " human face" to the status quo. This human face serves to mislead Americans on the nature of the economic and political process.

The neoliberal economic reforms remain intact.

The substance of these reforms including the "bailout" of America's largest financial institutions ultimately destroys the real economy, while spearheading entire areas of manufacturing and the services economy into bankruptcy.

by Michel Chossudovsky

Michel Chossudovsky is Professor of Economics at the University of Ottawa and Director of the Centre for Research on Globalization (CRG), which hosts the critically acclaimed website www.globalresearch.ca . He is a contributor to the Encyclopedia Britannica. His writings have been translated into more than 20 languages.