FAQFAQ   SearchSearch   MemberlistMemberlist  Chat Chat  UsergroupsUsergroups  CalendarCalendar RegisterRegister   ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

The Money Scam: the cornerstone of our slavery
Goto page Previous  1, 2, 3 ... 14, 15, 16, 17, 18  Next
 
Post new topic   Reply to topic    9/11, 7/7 & the War on Freedom Forum Index -> Pre-Planned Economic 9/11 - Global Financial Conspiracy
View previous topic :: View next topic  
Author Message
TonyGosling
Editor
Editor


Joined: 25 Jul 2005
Posts: 15049
Location: St. Pauls, Bristol, England

PostPosted: Wed Jun 20, 2012 12:14 am    Post subject: Reply with quote

History of World Economy

Link

http://www.youtube.com/watch?v=Unpa_Rl70IY

Answers why our universities are not providing accurate information regarding our economy.
Studio (slower and calmer) version of the class project: Utilizing the writings of Carroll Quigley and Ann Pettifor, I have created a true history of Economic Practice - not economic 'thought', like we are taught in colleges - but - what is really going on around us. In naming guilty parties, I forgot to mention the ECB - European Central Bank.

_________________
www.rethink911.org
www.actorsandartistsfor911truth.org
www.mediafor911truth.org
www.pilotsfor911truth.org
www.mp911truth.org
www.ae911truth.org
www.rl911truth.org
www.stj911.org
www.l911t.com
www.v911t.org
www.thisweek.org.uk
www.abolishwar.org.uk
www.elementary.org.uk
www.radio4all.net/index.php/contributor/2149
http://utangente.free.fr/2003/media2003.pdf
"The maintenance of secrets acts like a psychic poison which alienates the possessor from the community" Carl Jung
https://37.220.108.147/members/www.bilderberg.org/phpBB2/
Back to top
View user's profile Send private message Visit poster's website MSN Messenger
TonyGosling
Editor
Editor


Joined: 25 Jul 2005
Posts: 15049
Location: St. Pauls, Bristol, England

PostPosted: Wed Jun 20, 2012 8:56 pm    Post subject: Reply with quote

MEPs also raised concerns about the accountability of the raft of new financial instruments being formulated by the commission and other institutions in response to the financial crisis, particularly the new EU bail-out fund, the European Stability Mechanism, which comes into force in July.
The current fund, the European Financial Stability Facility, was set up on an inter-governmental basis domiciled in Luxembourg with no parliamentary oversight, and MEPs are keen to ensure that the ESM treaty includes provisions for external audits.


Call to scrap yearly statement on EU budget

01.06.12 @ 09:25
Related › Euro bail-out funds lack oversight, auditors say › EU agencies rebuked over spending › Britain, Sweden and Netherlands refuse to sign off EU accounts
By Benjamin Fox
http://euobserver.com/18/116450

BRUSSELS - The EU should scrap the annual Declaration of Assurance (DAS) on the EU's accounts prepared by the Court of Auditors, (ECA) says its former president Jan Karlsson.

Karlsson was speaking on Wednesday (30 May) during a public hearing organised by the parliament's budgetary control committee, responsible for overseeing the work of the Luxembourg-based Court of Auditors.

President of the court between 1999 and 2001, Karlsson claimed that the exercise, which has seen the audits for the last 17 years fail to give the EU's accounts a clean bill of health, is "misunderstood" by the public who "perceived the exercise as an investigation into corruption in the European institutions."

Jules Muis, a former chief internal auditor of the European Commission, agreed the annual exercise should be scrapped in favour of an audit every five years.

"The time has come for parliament to initiate an EU inter-institutional debate to reconsider the rationale of the DAS and at least to take the annual mandatory DAS out of the ECA's mandates; possibly to replace it with a once every five years requirement," he told MEPs.

Muis added that the mandate of the court should be overhauled, calling for it to move from being "an almost exclusive auditing and accounting agency into a broader accountability agency" acting more as an independent accountability body.

The European Commission says that most irregularities in EU spending are committed at national level. Around 80 percent of EU budget spending is distributed by national governments.

Currently only four member states use a "national management declaration" which certifies that the accounts have been accurately verified, with governments blocking attempts to make it mandatory.

Earlier this month MEPs signed off the accounts of the European Commission and most EU agencies for 2010 although it refused to approve accounts prepared by the Council, the member states' secretariat.

MEPs also raised concerns about the accountability of the raft of new financial instruments being formulated by the commission and other institutions in response to the financial crisis, particularly the new EU bail-out fund, the European Stability Mechanism, which comes into force in July.

The current fund, the European Financial Stability Facility, was set up on an inter-governmental basis domiciled in Luxembourg with no parliamentary oversight, and MEPs are keen to ensure that the ESM treaty includes provisions for external audits.

Vitor Caldeira, Court of Auditors' chief, agreed that "adequate management reporting on risks and performance of such financial instruments will be key to maintaining transparency and accountability."

MEPs are also drawing up a report on the future role of the Court and its appointment procedures. Muis and Karlsson argue that ECA members should be selected on professional grounds, abolishing the one-country one-member requirement.

However, reforms to the court's governance structure require the unanimous support of the 27 EU governments.

_________________
www.rethink911.org
www.actorsandartistsfor911truth.org
www.mediafor911truth.org
www.pilotsfor911truth.org
www.mp911truth.org
www.ae911truth.org
www.rl911truth.org
www.stj911.org
www.l911t.com
www.v911t.org
www.thisweek.org.uk
www.abolishwar.org.uk
www.elementary.org.uk
www.radio4all.net/index.php/contributor/2149
http://utangente.free.fr/2003/media2003.pdf
"The maintenance of secrets acts like a psychic poison which alienates the possessor from the community" Carl Jung
https://37.220.108.147/members/www.bilderberg.org/phpBB2/
Back to top
View user's profile Send private message Visit poster's website MSN Messenger
TonyGosling
Editor
Editor


Joined: 25 Jul 2005
Posts: 15049
Location: St. Pauls, Bristol, England

PostPosted: Sun Jun 24, 2012 9:47 pm    Post subject: Reply with quote

Perfect for this thread

Luxury retail defies the slump by selling the things only money can buy
From historic hotels to private jet showrooms, the business of catering to the super-rich is still booming
http://www.guardian.co.uk/business/2012/jun/24/luxury-retail-defies-sl ump-things-only-money-can-buy
Terry Macalister and Zoe Wood - The Observer, Sunday 24 June 2012
Want to fly a fighter jet at 500 miles an hour just above the ocean off Cape Town, drink champagne inside a glacier halfway up a Swiss mountain or host a five-a-side football game on the deck of a battleship – complete with England star – for your child's birthday?
The price may be prohibitive for most – £5,000, say, for the Top Gun experience alone – but business is booming for Red Carpet Enterprises, the London-based events company that aims to tickle the fancy of the most jaded super-rich.
Red Carpet is not alone in surfing the waves of cash that are still washing round those parts of the British capital that are relatively immune to double dip recessions, eurozone crises and cuts in public sector spending.
Italian luxury brand Bulgari has just opened in London what it claims is the first newly-built five-star hotel for 40 years, where for £700 per night you can apparently enjoy an "uncompromising sense of excellence".
Around the corner in the same part of Knightsbridge, The Jet Business has recently opened what it claims is the world's first executive plane salesroom, where you can choose your new aircraft inside a full-size, mocked up interior of an Airbus.
And all of this is a stone's throw from One Hyde Park, the "oligarch silo" where a penthouse suite can set you back £140m, but where you get SAS-trained security staff – as well as the ubiquitous gold taps – thrown in.
Last week the annual World Wealth Report produced by Capgemini and RBC Wealth Management said that the global population of millionaires stood at 11 million – an elite club whose finances were riding out the financial storm, with their assets declining by less than 2% to $42 trillion (£27tn). If there was a surprise, it was only that the Asia Pacific super-rich outnumbered those in north America for the first time in 2011.
A recent luxury-goods market study by Boston Consulting Group predicted that spending on yachts, designer frocks and safaris would hit nearly £1bn this year. But the study identified a shift in spending patterns among the wealthy, who are increasingly keen to buy luxury "experiences" rather than add to their wardrobes and car collections. More than half of the £900m spent on luxury goods last year bought one-of-a-kind holiday packages or stays in exclusive resorts such as luxury goods group LVMH's hideaway in the Maldives.
"It's all about storytelling," says Robert Gaymer-Jones, chief executive of the Sofitel chain, which, following several years of investment by French owner Accor, has been recast as a luxury brand complete with Hermès toiletries in the en suites. He points to hotels such as the Sofitel Legend Old Cataract in the Nubian desert, where Agatha Christie wrote Death on the Nile. Visitors there, he says, feel like they are going back in time: "Our clients don't want an ordinary experience."
Making the dreams of the super-rich come true has proved to be a successful second career for Alan Rogers, a former general manager of Luton Airport, who now lives on a 17-acre estate in the Cotswolds complete with its own lake and manor house. The founder of Red Carpet says he has fewer corporate clients these days, as executives – particularly those at banks – are frightened of being accused of excess when many of their customers are struggling financially. But the market for the "high net-worth wealthy" is still the same, he reports, and he says he has never been asked for an exotic event or trip that he has been unable to fulfil.
"We organised for people to launch their own rocket at Kiruna in northern Sweden, and held a champagne reception on the helipad of the Peninsula Bangkok. If it's not physically impossible, or illegal, we can do it."
Steve Varsano, founder of The Jet Business, has the same message. He spent a fortune decking out his sales office off Hyde Park, but will fly anywhere at the drop of a hat to sell planes that cost anything from less than $18m to over $80m. "Business at the top end of the market is excellent, extremely strong," he reports, with Russian oil executives, Saudi princes and American technology entrepreneurs always game for a new "time machine".
Nothing is too much trouble: the Arab buyers may want seats that swivel to face Mecca, while the Chinese may want silk carpets and the Brits a replica of an old country pub. "Certainly what we are seeing is the buying of bigger and longer-range aircraft so that the guy in Mongolia can do his business with the oil guy in Nigeria," says Varsano.
The biggest growth in demand, perhaps unsurprisingly comes from China – up some 800% since 2003 – but there are still only 150 executive jets registered in China and 1,000 in the whole of Asia compared with 450 in England and 11,000 in America.
Jets are now advertised in numerous magazines for the super-rich such as the Robb Report and the new periodical Elephant Lifestyle – slogan: "Hit Big, Live Large" – which claims to be the "luxury living magazine for energy tycoons". It offers yachts, sports cars and even islands – all priced neatly in barrels of oil.
Private Islands, a luxury estate agent, says that business slowed dramatically during the recession but has picked up strongly over the last year. It is currently marketing the $18m "Cebaco private biosphere" off the coast of Panama, which boasts "palm-fringed coves with sandy beaches, cascading waterfalls and dramatic rock formations".
"We have seen an increase in inquiries from potential buyers as well as a healthy number of new islands coming on the market," says chief executive Chris Krolow, who adds that he has a number of islands in the $10m-plus range under contract. "The general feeling is that island prices have finally bottomed out and investors are feeling that this is a good time to buy. This is a very exciting time in the island world."

_________________
www.rethink911.org
www.actorsandartistsfor911truth.org
www.mediafor911truth.org
www.pilotsfor911truth.org
www.mp911truth.org
www.ae911truth.org
www.rl911truth.org
www.stj911.org
www.l911t.com
www.v911t.org
www.thisweek.org.uk
www.abolishwar.org.uk
www.elementary.org.uk
www.radio4all.net/index.php/contributor/2149
http://utangente.free.fr/2003/media2003.pdf
"The maintenance of secrets acts like a psychic poison which alienates the possessor from the community" Carl Jung
https://37.220.108.147/members/www.bilderberg.org/phpBB2/
Back to top
View user's profile Send private message Visit poster's website MSN Messenger
outsider
Trustworthy Freedom Fighter
Trustworthy Freedom Fighter


Joined: 30 Jul 2006
Posts: 5248
Location: East London

PostPosted: Tue Jun 26, 2012 10:30 pm    Post subject: Reply with quote

Short on time (like many of us) I post this for others to follow up:

History of the US-Israel Relationship, Part I
How the "Special Relationship" was created

By Alison Weir

http://www.informationclearinghouse.info/article31706.htm#IDComment390 046065

“The members set about meeting people of influence here and there, casually, on a friendly basis. They planted suggestions for action to further the Zionist cause long before official government planners had come up with anything. For example, as early as November 1915, a leader of the Parushim went around suggesting that the British might gain Brandeis was a close personal friend of President Woodrow Wilson and used this position to advocate for the Zionist cause, at times serving as a conduit between British Zionists and the president.

In 1916 President Wilson named Brandeis to the Supreme Court. Although Brandeis officially resigned from all his private clubs and affiliations, including his leadership of Zionism, behind the scenes he continued this Zionist work, receiving daily reports in his Supreme Court chambers and issuing orders to his loyal lieutenants.[26]
some benefit from a former declaration in support of a Jewish national homeland in Palestine.”[25]

Vell now, vot a coincidence, already!
Powerful US Zionist Brandeis was a close personal friend of President Wilson; President Wilson sold the American people down the river with the Federal Reserve Act: could there be a connection?

When the Zionist Organization of America (ZOA) was reorganized in 1918, Brandeis was listed as its “honorary president.” However, he was more than just “honorary.”

The 'Federal Reserve Act' was passed in 1913:

The unhappiness of Woodrow Wilson:
http://www.salon.com/2007/12/21/woodrow_wilson_federal_reserve/

_________________
'And he (the devil) said to him: To thee will I give all this power, and the glory of them; for to me they are delivered, and to whom I will, I give them'. Luke IV 5-7.
Back to top
View user's profile Send private message
acrobat74
Trustworthy Freedom Fighter
Trustworthy Freedom Fighter


Joined: 03 Jun 2007
Posts: 833

PostPosted: Thu Jun 28, 2012 9:33 pm    Post subject: Reply with quote

outsider wrote:
Powerful US Zionist Brandeis was a close personal friend of President Wilson; President Wilson sold the American people down the river with the Federal Reserve Act: could there be a connection?

Wild speculation - really poor post.

_________________
Summary of 9/11 scepticism: http://tinyurl.com/27ngaw6 and www.911summary.com
Off the TV: http://www.youtube.com/watch?v=M4szU19bQVE
Those who do not think that employment is systemic slavery are either blind or employed. (Nassim Taleb)
www.moneyasdebt.net
http://www.positivemoney.org.uk/
Back to top
View user's profile Send private message
outsider
Trustworthy Freedom Fighter
Trustworthy Freedom Fighter


Joined: 30 Jul 2006
Posts: 5248
Location: East London

PostPosted: Thu Jun 28, 2012 11:20 pm    Post subject: Reply with quote

acrobat74 wrote:
outsider wrote:
Powerful US Zionist Brandeis was a close personal friend of President Wilson; President Wilson sold the American people down the river with the Federal Reserve Act: could there be a connection?

Wild speculation - really poor post.


Wild speculation? Are you joking?
(By the way, whenever I hit a sensitive spot (like Zionism) I tend to get 'bloback' like nasty viruses etc.; though I generally get a load of (let's call it) Junk Mail, today I got 18, probably a personal record.
Needless to say, (or perhaps not to 'aficionados') they include a high percentage of financial and sexual cr*p.
I would like to reply to them to stick their cr*p up their jumpers, but on the other hand I'll pass, as even trying to reply would be counterproductive.
But 'acrobat74', 'Wild speculation'?
Hope you come back on this, because it's so damn obvious it ain't funny.

_________________
'And he (the devil) said to him: To thee will I give all this power, and the glory of them; for to me they are delivered, and to whom I will, I give them'. Luke IV 5-7.
Back to top
View user's profile Send private message
TonyGosling
Editor
Editor


Joined: 25 Jul 2005
Posts: 15049
Location: St. Pauls, Bristol, England

PostPosted: Mon Jul 02, 2012 12:15 am    Post subject: Reply with quote

To: 911 7/7 Truth list,Marlborough Research Group
Subject: Exclusive: Top Tories dragged into banking scandal

Exclusive: Top Tories dragged into banking scandal

Cameron allies linked to City firms under scrutiny over interest rate fixing
Jane Merrick , Brian Brady , Matt Chorley , Jonathan Owen Sunday 01 July 2012
http://www.independent.co.uk/news/uk/politics/exclusive-top-tories-dra gged-into-banking-scandal-7901941.html


Senior Tories were dragged into the interest rate-fixing scandal last night as fresh evidence emerged that the banking industry denied there were any problems with "the integrity" of Libor five years ago.

The Independent on Sunday has learnt that the Conservative deputy chairman, Michael Fallon, is a board member of a leading brokerage firm that dominates the rates market and which has been asked to co-operate with the Financial Services Authority's investigation into malpractice across the City.

Mr Fallon is a close ally of David Cameron and a senior member of the Treasury select committee that will question the Barclays chief executive, Bob Diamond, this week, prompting demands from Labour that he should declare an interest. The Prime Minister continues to resist calls from Ed Miliband for a Leveson-style inquiry into rate-fixing.

The Government is to set up an "urgent independent review" into Libor (the London inter-bank lending rate), but Labour continued to press for a judge-led inquiry. The review will consider the future operation of the Libor rate and the possibility of introducing criminal sanctions, a Treasury source said.

Class-action lawsuits are being filed in the US by plaintiffs that held financial products that depended on Libor. Any lawsuits that arise are likely to dwarf the fines that Barclays has already paid, perhaps running into the tens of billions across the industry.

The IoS can also reveal that the Bank of England was aware of concerns over Libor five years ago, and discussed it in at least two meetings with representatives of some of the City's biggest financial institutions.

Mr Fallon, the MP for Sevenoaks, has been a director of interdealer broker Tullett Prebon since 2006, standing down in 2010 when he ran unsuccessfully for chairman of the select committee, before being reappointed that year. Tullett Prebon is not under full investigation by the FSA into manipulation of Libor but has responded to "requests for information". A City source close to the investigation said it was "extremely unlikely Tullett Prebon would not be investigated" at some point, and sources at the firm, asked if employees could have engaged in wrongdoing, said they could "never say never". There is no suggestion of wrongdoing on the part of Mr Fallon or the company.

In a statement the firm said: "Tullett Prebon, like probably all firms in the City, has been responding to requests for information from the regulators. To date, we have had no cause to suspend or otherwise discipline any employee in connection with this inquiry."

Labour said the Tory deputy chairman had "serious questions" to answer over his role at the firm, given his key role in Parliament's inquiry into the rate-fixing scandal, which is thought to extend far beyond the wrongdoing at Barclays.

Labour MP Simon Danczuk said: "Across the banks there are serious questions about who knew what and when and that must include the deputy chair of the Conservative Party. We have to get to the bottom of the Libor fixing scandal, and the Government must also agree to calls by Ed Miliband and Ed Balls for a proper independent inquiry into the culture of banking."

The questions over the role of Mr Fallon followed the revelation that one of the Prime Minister's closest advisers, the former Tory party treasurer Michael Spencer, is under scrutiny by the FSA. Mr Spencer's brokerage firm ICAP is one of a number of institutions alleged to have helped to manipulate bank interest rates while he was treasurer of the Conservatives. Mr Cameron said yesterday that he needed to "think this through carefully" whether there should be a judge-led inquiry into the Libor scandal. Mr Fallon and Mr Spencer are not the only Tories with close links to the City, prompting concerns that the party is not enforcing tough action against the banking industry. Francis Maude, the Cabinet Office minister, was paid by Barclays to sit on its Asia-Pacific advisory committee between 2005 and 2009. A spokesman for Mr Maude said last night the minister was "absolutely not" aware of any wrongdoing at Barclays and that the committee met "three times over a couple of years", was purely advisory and had no executive function. Mr Fallon declined to comment.

Court documents filed in the US accuse Bank of England officials of failing to act on questions about "the integrity of Libor" raised during meetings of the Money Markets Liaison Group as early as 2007. The meeting was chaired by the BoE deputy governor, Paul Tucker, and attended by officials from institutions including at least seven that have since been named in Libor investigations.

The British Bankers Association assured group members of its "quality control measures", and said that "they speak to contributing banks regularly". The decision not to investigate further effectively enabled British bankers to go unchecked for more than a year. The FSA finally joined the investigation into Libor manipulation in October 2009, after other countries had already launched their own inquiries.

A Bank spokesman said last night it was "nonsense" to suggest it had been aware of any Libor-fixing in 2007 or 2008.

The Conservative connection

Michael Fallon

Mr Fallon is deputy chairman of the Conservative Party. A close ally of David Cameron and a reliable defender of the Government on the airwaves, the 60-year-old is a board member of Tullett Prebon Plc, a leading brokerage firm that dominates the rates market and which is being asked to co-operate with FSA inquiries. He resigned his directorship in the days after the coalition was formed, but was reappointed in September 2010. He receives a quarterly fee of almost £7,000 for 20 hours' work.

George Osborne

In a statement to the Commons on Thursday, the Chancellor of the Exchequer described the Libor scandal as a "shocking indictment of the culture at banks like Barclays in the run-up to the financial crisis". But at the time that brokers were swilling Bollinger and fixing rates, Mr Osborne was trying to convince the City that he was not some callow newcomer but a chancellor in-waiting. In 2007, bruised by hostile briefings that he wasn't up to the job, he made strenuous efforts to court the City, through the Conservative City Circle. This week he condemned his opposite number, Ed Balls, for failing to regulate the banks, but in 2007 he backed a Tory policy report written by John Redwood which called for deregulation of the mortgage market.

Michael Spencer

Mr Spencer is a former treasurer of the Conservative Party. The 57-year-old, a close friend of David Cameron, is head of ICAP, a brokerage firm alleged to have helped manipulate bank interest rates while he was also Tory party treasurer from 2006 until October 2010. ICAP is being investigated by regulators over claims the Libor lending rates were rigged. He remains chairman of the Conservative Foundation, a body launched in 2009 for the party to receive legacies free of inheritance tax. He was among a list of party donors to have enjoyed "kitchen suppers" in the PM's Downing Street flat.

Francis Maude

The Cabinet Office minister is a key Tory moderniser. He was a member of Barclays' Asia-Pacific Advisory Committee for much of the boom from 2005. In an entry in the Register of Members' Interests, he said: "My duties were to attend committee and other meetings by phone or in person; other advice and consultation by e-mail." He received payment of £9,230.23 after tax for 15 hours' work in 2009, and resigned at the end of that year. He joined the coalition government in May 2010.

_________________
www.rethink911.org
www.actorsandartistsfor911truth.org
www.mediafor911truth.org
www.pilotsfor911truth.org
www.mp911truth.org
www.ae911truth.org
www.rl911truth.org
www.stj911.org
www.l911t.com
www.v911t.org
www.thisweek.org.uk
www.abolishwar.org.uk
www.elementary.org.uk
www.radio4all.net/index.php/contributor/2149
http://utangente.free.fr/2003/media2003.pdf
"The maintenance of secrets acts like a psychic poison which alienates the possessor from the community" Carl Jung
https://37.220.108.147/members/www.bilderberg.org/phpBB2/
Back to top
View user's profile Send private message Visit poster's website MSN Messenger
TonyGosling
Editor
Editor


Joined: 25 Jul 2005
Posts: 15049
Location: St. Pauls, Bristol, England

PostPosted: Fri Jul 13, 2012 1:37 pm    Post subject: Reply with quote

The Bank of Credit and Commerce International (BCCI) was a major international bank founded in 1972 by Agha Hasan Abedi, a Pakistani financier. The Bank was registered in Luxembourg with head offices in Karachi and London. Within a decade BCCI touched its peak. It operated in 78 countries, had over 400 branches, and had assets in excess of US$20 billion, making it the 7th largest private bank in the world by assets.

BCCI came under the scrutiny of numerous financial regulators and intelligence agencies in the 1980s due to concerns that it was poorly regulated. Subsequent investigations revealed that it was involved in massive money laundering and other financial crimes, and illegally gained controlling interest in a major American bank. BCCI became the focus of a massive regulatory battle in 1991 and on July 5 of that year customs and bank regulators in seven countries raided and locked down records of its branch offices.

Investigators in the U.S. and the UK revealed that BCCI had been "set up deliberately to avoid centralized regulatory review, and operated extensively in bank secrecy jurisdictions. Its affairs were extraordinarily complex. Its officers were sophisticated international bankers whose apparent objective was to keep their affairs secret, to commit fraud on a massive scale, and to avoid detection."

The liquidators, Deloitte & Touche, filed a lawsuit against Price Waterhouse and Ernst & Young – the bank's auditors – which was settled for $175 million in 1998. A further lawsuit against the ruling Sheikh of Abu Dhabi, a major shareholder, was launched in 1999 for approximately $400 million. BCCI creditors also instituted a $1 billion suit against the Bank of England as a regulatory body. After a nine-year struggle, due to the Bank's statutory immunity, the case went to trial in January 2004. However, in November 2005, Deloitte persuaded creditor Abu Dhabi to drop its claims against the Bank of England, except for a claim for return of its deposits, in that Abu Dhabi owned 77% of the bank shares at closing, and was therefore also facing a major lawsuit. To date liquidators have recovered about 75% of the creditors' lost money. A decade after its liquidation, its activities were still not completely understood.

http://en.wikipedia.org/wiki/Bank_of_Credit_and_Commerce_International

_________________
www.rethink911.org
www.actorsandartistsfor911truth.org
www.mediafor911truth.org
www.pilotsfor911truth.org
www.mp911truth.org
www.ae911truth.org
www.rl911truth.org
www.stj911.org
www.l911t.com
www.v911t.org
www.thisweek.org.uk
www.abolishwar.org.uk
www.elementary.org.uk
www.radio4all.net/index.php/contributor/2149
http://utangente.free.fr/2003/media2003.pdf
"The maintenance of secrets acts like a psychic poison which alienates the possessor from the community" Carl Jung
https://37.220.108.147/members/www.bilderberg.org/phpBB2/
Back to top
View user's profile Send private message Visit poster's website MSN Messenger
TonyGosling
Editor
Editor


Joined: 25 Jul 2005
Posts: 15049
Location: St. Pauls, Bristol, England

PostPosted: Wed Jul 18, 2012 6:30 pm    Post subject: Reply with quote

Government minister Lord Green was at helm of "money laundering" bank HSBC
The Senate inquiry found lax HSBC controls let Mexican drug barons launder cash through the bank’s US operations
Daily Mirror
A Tory minister was at the helm of a bank accused today of allowing money laundering by drug cartels and potential terrorists.
HSBC shifted £4.5billion in suspicious funds from Mexico, where drug trafficking is rife, and billions more from countries such as Iran, Syria and Russia, a scathing US Senate report said.
Lord Green was HSBC group executive chairman at the time the shadowy transactions took place, before he was made Trade Minister by PM David Cameron.
The Senate inquiry found lax HSBC controls let Mexican drug barons launder cash through the bank’s US operations.
It also claimed the bank provided services to lenders in Saudi Arabia and Bangladesh believed to have helped fund al-Qaeda and other terror groups.
Senator Carl Levin, leading a probe into £9.6billion in HSBC dealings from 2006 to 2010, said: “The culture at HSBC was pervasively polluted for a long time.
“In the age of international terrorism, drug violence in our streets and on our borders, and organised crime, stopping illicit money flows that support those atrocities is a national security imperative.”
Lord Green was executive chairman from 2006 to 2010, when he was made a life peer so he could join the Government. Previously, he was HSBC group chief executive from 2003.
HSBC’s head of group compliance David Bagley stepped down at the Senate hearing.
The report said HSBC ignored warnings from US authorities about doing business in countries such as Mexico.
Between 2007 and 2008, HSBC’s Mexican arm moved £4.5billion into the US operations, the report said.
It also said the bank moved money from Syria and Russia – and Iran in a possible violation of the US ban on transactions with the rogue state.
HSBC chief executive Stuart Gulliver admitted: “It is right that we will be held accountable and that we take responsibility for fixing what went wrong.”
Labour MP John Mann said Lord Green should not have been made a minister.
He declared: “Someone whose bank has been assisting drug cartels and corrupt regimes should not be in charge of a government portfolio.
"Once again, David Cameron’s judgement is suspect.”
Lord Green’s spokesman said: “We are waiting to see what HSBC is saying and will see if there’s anything we can add.”
Downing Street refused to comment on whether the PM knew of the laundering allegations before appointing him.
http://www.mirror.co.uk/money/city-news/hsbc-money-laundering-claims-g overnment-1146910

_________________
www.rethink911.org
www.actorsandartistsfor911truth.org
www.mediafor911truth.org
www.pilotsfor911truth.org
www.mp911truth.org
www.ae911truth.org
www.rl911truth.org
www.stj911.org
www.l911t.com
www.v911t.org
www.thisweek.org.uk
www.abolishwar.org.uk
www.elementary.org.uk
www.radio4all.net/index.php/contributor/2149
http://utangente.free.fr/2003/media2003.pdf
"The maintenance of secrets acts like a psychic poison which alienates the possessor from the community" Carl Jung
https://37.220.108.147/members/www.bilderberg.org/phpBB2/
Back to top
View user's profile Send private message Visit poster's website MSN Messenger
outsider
Trustworthy Freedom Fighter
Trustworthy Freedom Fighter


Joined: 30 Jul 2006
Posts: 5248
Location: East London

PostPosted: Tue Jul 24, 2012 9:30 am    Post subject: Reply with quote

David Stockman lays it out

They guy who helped peddle Ronald Reagan's economic con job (Voodoo Economics) has apparently found religion in his later years.

We are heading to the wall, the government is dysfunctional, we're already as stretched as we can be.

Yeah, that's about the size of it.

http://www.realecontv.com/videos/capital-market-collapse/once-the-sell ing-starts-it-will-be-unstoppable.html

_________________
'And he (the devil) said to him: To thee will I give all this power, and the glory of them; for to me they are delivered, and to whom I will, I give them'. Luke IV 5-7.
Back to top
View user's profile Send private message
TonyGosling
Editor
Editor


Joined: 25 Jul 2005
Posts: 15049
Location: St. Pauls, Bristol, England

PostPosted: Tue Jul 31, 2012 3:59 pm    Post subject: Reply with quote

How London became the money-laundering capital of the world
http://www.ianfraser.org/how-london-became-the-money-laundering-capita l-of-the-world/

July 15th, 2012 - By Rowan Bosworth-Davies

Speaking on the Marr Show on BBC One on March 23rd, the former Daily Telegraph editor and historian Max Hastings said a “senior central banker” recently told him that London is now considered to be the “money-laundering capital of the world”.

Hastings was discussing the shooting of a Russian banker in London. The remark was all the more pertinent since Russia is now said to be controlled by a ‘gangster culture’ and because of the large number of Russian oligarchs and other business people who now live and work in the UK. A lot of these people carry criminal baggage, but the authorities seem entirely comfortable with the idea they should reinforce London’s position as the world’s “funny” money hub.

How did this state of affairs come about when, on paper at least, the UK has some of the strictest anti-money laundering legislation in the world?

The answer, I believe, lies in the fact that our many laws and regulations have never been effectively enforced by financial regulators, and banks and other financial institutions know they can get away with paying lip service to the rules.

Only this year has the Financial Services Authority managed to bring a money laundering charge against a UK-based financier, and he is a very small fish indeed. In an insider trading case against Richard Anthony Joseph, the FSA added two money laundering charges. It charged him with eight counts of insider dealing and two counts of money laundering.

The charges follow Joseph’s arrest in May 2010. The interest in the case is not in the insider dealing per se but in the addition of charges of money laundering. Although the FSA has had the power to prosecute this offence for some time, it has rarely, if ever, used it.

There is a world of difference between having rules which are meant to be obeyed, and doing everything within one’s power to avoid providing any meaningful form of compliance with the rules. The purpose of the regulations is to make it as difficult as possible for people who have acquired their money illicitly, anywhere in the world, to find a safe haven in the international banking system.

So there are rules and regulations which impose a burden on banks and financial institutions requiring them to ensure that before they accept money from a client, that they have a clear picture of its provenance, that they know as much as possible about their clients, their businesses, the sources of their funds, and if they have held high political office, to make sufficient enquiries to ensure that the monies being deposited are not in fact the proceeds of international aid payments which have been stolen from the country’s Treasury.

These rules are routinely flouted by the financial institutions.

They will say that they have large compliance departments, with many staff dedicated to ensuring that such situations do not arise, and in many senses, they are telling the truth. The problem is that they are not telling the whole truth. In 2011, The Financial Services Authority conducted an investigation into London banks and found that three-quarters of them were not doing enough to verify the sources of some customers’ wealth. The probe shed some light on a system that is failing to stop the flow of corrupt money, a problem that continues to have disastrous consequences for millions of people. Predictably, the regulator did not name the banks that had ignored the rules, nor gave any indication they would do so.

Predictably, the FSA also failed to take any public action against any of these institutions for this egregious flouting of the rules. They could have brought prosecutions against them for failing to implement the relevant regulations, but they did not do so. This is typical of the regulatory response to flagrant wrong-doing in our banking sector, and it is looked upon by the banks and their employees as a sign of immense weakness, which they feel able to exploit at every opportunity.

The compliance regime is undermined by the calibre and quality of people employed by the banks to implement the anti-money laundering regulations. Repeatedly, in discussions with recruitment consultants I am told that the kind of person being sought to fill a particular role is a ‘low-level’ employee with minimal length of service. They are looking for someone with a couple of years’ experience who might be capable of filling a new position, but they don’t want to pay any real money for anyone with any skills, real experience, or more importantly, the sense of independent knowledge to be able to stand up to the commercial people and say, ‘you can’t do that’!

You only have to look at the salary levels paid to compliance officers and then compare them to the salaries paid to traders and business getters, to see the huge discrepancies in functional importance the banks place on compliance. At a Group Compliance Director level, you may be seeing six figure salaries, but these are rare. The vast number of employees in this function are being paid peanuts compared to the business side of the organisation.

Another problem with the British mentality towards compliance is the over-emphasis on ‘process’ as compared with ‘effective enforcement’. The compliance function is awash with processes and procedures, they have manuals full of them, but all they are doing is seeking to demonstrate to any regulator that, if asked, they complied with the process.

But any process that is not rigorously tested and then analysed by a skilled and experienced person will be worthless. I once did a pre-Arrow review for a major global bank of their anti-money-laundering function. They had processes and procedures written down in manuals, provided at vast expense by the consultancy arm of one of the ‘Big Four’ accountancy firms. When I tested how the staff were applying these processes, I found a huge lacuna in their areas of knowledge. To make matters worse, they had no-one with any ‘grey hair’ sitting in the middle of the web, holding all the ends of the processes, in order to ensure that they were being effectively implemented.

If we have a regulatory agency that repeatedly refuses to enforce the anti-money laundering regulations, and is sufficiently inept to accept that the level of compliance being provided by the banks and other financial institutions can be performed using a ‘tick box’ mentality, it provides a key part of the answer as to why London is now the money laundering capital of the world.

This is typical of the British attitude towards any kind of financial regulation. It is as if governments of whichever persuasion, have swallowed the canard that if they are seen to be heavy-handed towards the banks, then this will in some way deprive the UK of some hidden special advantage.

So, we have regulations which only get enforced at the margins, and which the major players ignore at whim. Yes, from time to time the regulators do seek to fine the banks for the worst examples of their egregious behaviour, but fining a bank is nothing more than an HP commitment as far as the bank is concerned. All it does is dilute their profitability, harming the shareholders not the executive perpetrators, which is reflected in even less tax being paid on their profits. If they are not named and shamed, as is routinely the case, then there is no reputational risk attached to the penalty either, and no stigma is applied.

As with so many other areas of financial wrong-doing, it seems the banks have seen off the regulators yet again, and the only loser would appear to be the UK financial services’ arena which is now, apparently, the venue of choice for every international crook’s dirty money. We must prepare ourselves to witness more Russian-style assassination attempts on our streets, as the organised criminals who deposit their money with the even better organised criminals in the banking sector, continue to see London as the money laundry of choice.

This article was written by Rowan Bosworth-Davies and first posted on his blog on March 26th 2012. It is reused with permission. Since then, it has emerged that HSBC faces a $1 billion penalty in the United States for weak anti money laundering controls by the US government. At a hearing in Washington this Tuesday, the US Senate Permanent Subcommittee on Investigations is poised to deliver a blistering attack on the London-headquartered bank’s anti-money laundering systems and controls, highlighting its role in transactions tied to Iran, terrorist financing and drug cartels. In a Reuters Special Report published July 13th 2012, Carrick Mollenkamp and Brett Wolf have detailed how the bank’s Delaware-based anti-money laundering hub pays lip-service to tackling the problem of money laundering.

_________________
www.rethink911.org
www.actorsandartistsfor911truth.org
www.mediafor911truth.org
www.pilotsfor911truth.org
www.mp911truth.org
www.ae911truth.org
www.rl911truth.org
www.stj911.org
www.l911t.com
www.v911t.org
www.thisweek.org.uk
www.abolishwar.org.uk
www.elementary.org.uk
www.radio4all.net/index.php/contributor/2149
http://utangente.free.fr/2003/media2003.pdf
"The maintenance of secrets acts like a psychic poison which alienates the possessor from the community" Carl Jung
https://37.220.108.147/members/www.bilderberg.org/phpBB2/
Back to top
View user's profile Send private message Visit poster's website MSN Messenger
outsider
Trustworthy Freedom Fighter
Trustworthy Freedom Fighter


Joined: 30 Jul 2006
Posts: 5248
Location: East London

PostPosted: Sat Aug 04, 2012 6:50 am    Post subject: Reply with quote

'Government Silently Positions for Martial Law as Financial Collapse Arrives in America' by Susan Posel of 'Occupy Corporatism' (I first saw this article on 12160 blog site):

http://occupycorporatism.com/government-silently-positions-for-martial -law-as-financial-collapse-arrives-in-america/

'The US government has been scheming on how to provide for continuity of government for many decades now. According to Peter Santilli, an informant who is an ex-marine and worked on portions of the contingency plans known as Rex 84, civil unrest will come after a financial collapse...'

'Should the situation warrant serious attention; crowd control methods would be implemented.

One possible scenario was the use of cluster bomb units (CBUs) that will emit upon detonation, a “sleep and kill” chemical weapon that will not disturb infrastructure, but is lethal to all living things within the effected zone. Santilli describes these particular 3 unit CBUs as shaped like water-heaters with a coned top and plunger-like device. Once deployed in the air, a parachute assists these CBUs to the targeted area. And when detonated, a deadly chemical gas will kill every human and animal in the specified cordoned area.

This is just one example, says Santilli, as to the lengths the US armed forces are trained to make sure continuity of government is preserved'

'In 1970, Henry Kissinger made a deal with the Saudi Arabian government that American debt would be purchased in exchange for cheap oil. Since then Iran has taken control over the Organization of the Petroleum Exporting Countries (OPEC) by their use of gold as currency which has threatened the direct value of the US dollar as the global reserve currency.

This scenario with Iran coupled with the massive leaps forward in US military presence on American streets and the emergence of FEMA camps across the nation pose an obvious turn of events and explains exactly why we are witnessing the silent implementation of martial law.

The war with Iran has to do with gold, its use as currency and its exposure of the central banking cartel’s lack of gold which defines a fiat currency’s worth. And right now, the US dollar is absolutely worthless.


Meanwhile, back at the Olympics....(I wonder if the 'Flying Saucers' that arrive at the end of the Olympics will drop those CBU cluster bombs?).

_________________
'And he (the devil) said to him: To thee will I give all this power, and the glory of them; for to me they are delivered, and to whom I will, I give them'. Luke IV 5-7.
Back to top
View user's profile Send private message
outsider
Trustworthy Freedom Fighter
Trustworthy Freedom Fighter


Joined: 30 Jul 2006
Posts: 5248
Location: East London

PostPosted: Sun Aug 05, 2012 1:01 pm    Post subject: Reply with quote

Although in an article on JFK, the link is very important vis-a-vis Banks and the Federal Reserve:

http://www.illuminati-news.com/kennedy-assassin.htm#1

'To understand this theory we must understand that the real power is not with the politicians, but with the International Bankers (and ultimately those whom are behind them in this complex web of power). Whomever is running the show use banking and finance as their most powerful tool to accomplish their goals. You and I can try to run for Presidency if we want to, but we would not stand much of a chance. It is not because we don’t have good ideas, or are capable enough, but we don’t have the right super rich sponsors. The final candidates are the ones that are chosen by the International Bankers and sponsored by them. The rest of the candidates cannot afford to compete. Also, the same sponsors support both parties, and can therefore keep almost total control over the election.

Most people know that the FEDERAL Reserve bank is creating the US dollars. But the truth is that the Federal Reserve is not federal at all, but owned by twelve super-wealthy International Banking families, such as the Rothschild’s and the Rockefellers. This is a well hidden secret, but can even be verified in “Encyclopedia Britannica”, and in this article, as we shall see. This setup is against the US Constitution, as the government is supposed to create our money (the 16th Amendment), which in its turn should be backed up by gold and silver.

What JFK did was to create interest-free government money, backed up by the silver reserve, contrary to the Federal Reserve money, which is not backed up by anything as you will find out if you continue reading. He wanted to pay off the US debt this way. Apparently aware of the secret behind the Federal Reserve, he decided to go back and follow the Constitution. Of course, this was a very dangerous thing to do, because if he was allowed to continue, it could put the International bankers out of business in the long run. So this was even more serious than to reorganize the CIA.

Interestingly enough, soon after the assassination the interest-free money was taken out of circulation(1).

Kennedy signed a not very well known Executive Order, # 11110(2) in June of 1963, only five months before the assassination (also, click here to read ALL Executive Orders JFK wrote throughout his Presidency, ordered by numbers). This Order returned the power to issue currency to the government, without going through the Federal Reserve Bank. Kennedy gave the Treasury the permission to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury. In plain language this means that for every ounce of silver in the US Treasury vault, the government could let new money into circulation. JFK brought nearly $4.3 billion U.S. notes(3) out on the market. So, we can now clearly see that by signing this Executive Order, he was about to put the Federal Reserve Bank (and with them all the International Bankers) out of business. The Federal Reserve Notes would eventually not be in demand anymore, and by doing so, Mr. Kennedy probably also signed his own death warrant.

Executive Order 11110 gave the U.S. the ability to create its own money backed up by silver.

Maybe the assassination of President Kennedy was a warning to successors not to "make the same mistake" as this courageous President did. Brilliance is only allowed and acknowledged if it serves the Illuminati Agenda. Although Mr. Kennedy was of an Illuminati bloodline and probably also an occultist on some level, and even involved in practices common man would disagree with, I believe he was a man of honor when it came to politics and he took his job seriously. Being a Kennedy (Illuminati Bloodline) was enough for the International Bankers to sponsor him, thinking he would adjust to the Agenda. Especially when his mob related father, Joe Kennedy, fought hard to get his son into the Office. Joe was in great favor of the Illuminati king pins.

But time told them they had made a mistake and put a person in power whom refused to abide and had his own ideas, eager to execute them. The same thing goes for his brother Robert, and his son John F. Kennedy Jr., whom threatened to reveal the Secret Behind Power shortly before he had his "accident". It is very interesting to see that all those three Kennedy's are now dead before their time, while Edward (Ted) Kennedy is still alive, being the one who goes in father Joe's footsteps to bring the New World Order into a reality.

The JFK intention to end the Vietnam War (which was a very profitable war for the bankers) by 1965 would severely have cut the profits of the private owned Federal Reserve Bank and the banking establishment.




Now, let us move back almost one hundred years in time, to the 1860's and look at the assassination of President Abraham Lincoln. The parallels between the Lincoln and Kennedy assassinations are very close, to say the least:

Abraham Lincoln's Monetary Policy, 1865 (Page 91 of Senate document 23):


Money is the creature of law and the creation of the original issue of money should be maintained as the exclusive monopoly of national Government.

Money possesses no value to the State other than that given to it by circulation.

Capital has its proper place and is entitled to every protection. The wages of men should be recognized in the structure of and in the social order as more important than the wages of money.

No duty is more imperative for the Government than the duty it owes the People to furnish them with a sound and uniform currency, and of regulating the circulation of the medium of exchange so that labor will be protected from a vicious currency, and commerce will be facilitated by cheap and safe exchanges.

The available supply of Gold and Silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money of intrinsic value that may come into use.

The monetary needs of increasing numbers of People advancing towards higher standards of living can and should be met by the Government. Such needs can be served by the issue of National Currency and Credit through the operation of a National Banking system .The circulation of a medium of exchange issued and backed by the Government can be properly regulated and redundancy of issue avoided by withdrawing from circulation such amounts as may be necessary by Taxation, Redeposit, and otherwise. Government has the power to regulate the currency and credit of the Nation.

Government should stand behind its currency and credit and the Bank deposits of the Nation. No individual should suffer a loss of money through depreciation or inflated currency or Bank bankruptcy.

Government possessing the power to create and issue currency and creditas money and enjoying the right to withdraw both currency and credit from circulation (my emphasis) by Taxation and otherwise need not and should not borrow capital at interest as a 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 the consumers. The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Governments greatest creative opportunity.

By the adoption of these principles the long felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprise, the maintenance of stable Government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own Government. Money will cease to be master and become the servant of humanity. Democracy will rise superior to the money power....'

_________________
'And he (the devil) said to him: To thee will I give all this power, and the glory of them; for to me they are delivered, and to whom I will, I give them'. Luke IV 5-7.
Back to top
View user's profile Send private message
Whitehall_Bin_Men
Validated Poster
Validated Poster


Joined: 13 Jan 2007
Posts: 1619
Location: Westminster, LONDON, SW1A 2HB.

PostPosted: Sun Aug 12, 2012 5:15 pm    Post subject: Reply with quote

Barclays new chairman says its time for the end of free banking again
How about the end of free lunches for bankers?
Cheeky so and so


Barclays boss hints at end to free banking
http://www.guardian.co.uk/business/2012/aug/12/barclays-boss-end-free- banking
End to free banking could be on the cards at Barclays as new boss Sir David Walker backs idea of paying for current accounts
Sir David Walker: said 'in principle' he agreed customers should pay as it might prevent misselling of financial products. Photograph: Pool/Reuters
Jill Treanor - guardian.co.uk, Sun 12 Aug 2012 16.59 BST
An end to free banking could be on the cards at Barclays after Sir David Walker, the newly appointed chairman of the bank, indicated his support for the idea of paying for current accounts.
Echoing the remarks of regulators, Walker said that "in principle" he agreed that customers should pay as it might prevent misselling of financial products.
"Because banks are not charging, it drives them inexorably into this sort of position," Walker said in a newspaper interview shortly after being named as the replacement for Marcus Agius, who is leaving in the wake of Libor rigging scandal.
Andrew Bailey, a top regulator at the Financial Services Authority, has previously described the concept of free banking as a "myth" and raised the prospect of intervention in the market to ensure customers can see what they are paying for.

_________________
--
'Suppression of truth, human spirit and the holy chord of justice never works long-term. Something the suppressors never get.' David Southwell
http://aangirfan.blogspot.com
http://aanirfan.blogspot.com
Martin Van Creveld: Let me quote General Moshe Dayan: "Israel must be like a mad dog, too dangerous to bother."
Martin Van Creveld: I'll quote Henry Kissinger: "In campaigns like this the antiterror forces lose, because they don't win, and the rebels win by not losing."
Back to top
View user's profile Send private message Visit poster's website
TonyGosling
Editor
Editor


Joined: 25 Jul 2005
Posts: 15049
Location: St. Pauls, Bristol, England

PostPosted: Mon Aug 20, 2012 10:27 pm    Post subject: Reply with quote

Okay - they really do think we are a buch of dimwitted morons. Picture the meeting of the British Bankers Association with their PR peope that approved THIS move. They think the stupid will believe them and he inteligent will hate them more. What are they doing to society? Just more BS from the Lords of Misrule.

Banks to use Libor parliamentary probe to push for end of free accounts

By Gerri Peev - PUBLISHED: 01:59, 20 August 2012 | UPDATED: 07:59, 20 August 2012

Banks are plotting to use a parliamentary inquiry into their bad behaviour as a way of imposing account fees on customers.

MPs and peers on a commission set up to examine the recent Libor scandal will be approached by financial institutions this week which will argue in favour of introducing current account charges.

Several banks are expected to make the case that ‘free’ accounts were partly to blame for reckless actions by lenders and scandals such as the mis-selling of payment protection insurance.


Banks are expected to argue the case for an end to free bank account, which they partly blame for reckless actions

Santander is believed to be keen to introduce the fees and is expected to make its case to the Parliamentary Commission on Banking Standards on the disadvantages of ‘free’ accounts.

Critics fear the joint commission – set up after Barclays admitted it had attempted to rig Libor lending rates – could now turn into a free-for-all for banks to ram through account fees.

http://www.dailymail.co.uk/news/article-2190802/Banks-use-Libor-parlia mentary-probe-push-end-free-accounts.html

_________________
www.rethink911.org
www.actorsandartistsfor911truth.org
www.mediafor911truth.org
www.pilotsfor911truth.org
www.mp911truth.org
www.ae911truth.org
www.rl911truth.org
www.stj911.org
www.l911t.com
www.v911t.org
www.thisweek.org.uk
www.abolishwar.org.uk
www.elementary.org.uk
www.radio4all.net/index.php/contributor/2149
http://utangente.free.fr/2003/media2003.pdf
"The maintenance of secrets acts like a psychic poison which alienates the possessor from the community" Carl Jung
https://37.220.108.147/members/www.bilderberg.org/phpBB2/
Back to top
View user's profile Send private message Visit poster's website MSN Messenger
outsider
Trustworthy Freedom Fighter
Trustworthy Freedom Fighter


Joined: 30 Jul 2006
Posts: 5248
Location: East London

PostPosted: Wed Aug 22, 2012 8:13 am    Post subject: Reply with quote

Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming:

http://theeconomiccollapseblog.com/archives/jacob-rothschild-john-paul son-and-george-soros-are-all-betting-that-financial-disaster-is-coming

'Jacob Rothschild recently bet approximately 200 million dollars that the euro will go down. Billionaire hedge fund manager John Paulson made somewhere around 20 billion dollars betting against the U.S. housing market during the last financial crisis, and now he has made huge bets that the euro will go down and that the price of gold will go up. And as I wrote about in my last article, George Soros put approximately 130 million more dollars into gold last quarter. So will the euro plummet like a rock? Will the price of gold absolutely soar? Well, if a massive financial disaster does occur both of those two things are likely to happen. The European economy is becoming more unstable with each passing day, and investors all over the globe are looking for safe places to put their money. The mainstream media keeps telling us that everything is going to be okay, but the global elite are sending us a much, much different message by their actions. Certainly Rothschild, Paulson and Soros know about things happening in the financial world that the rest of us don't. The fact that they are all behaving in a consistent manner right now should be alarming for all of us....'

'You know the euro is in deep water when a doyen of the banking industry, Lord Jacob Rothschild takes a £130 million ($200 million) bet against it.'

'One of these warriors is John Paulson. The hedge fund manager once made billions by betting on a collapse of the American real estate market. Not surprisingly, the financial world sat up and took notice when Paulson, who is now widely despised in America as a crisis profiteer, announced in the spring that he would bet on a collapse of the euro.'

'There was also news last week in an SEC filing that both George Soros and John Paulson had increased their investment in SPDR Gold Trust, the world’s largest publicly traded physical gold exchange traded fund (ETF).

Mr Soros upped his stake in the ETF to 884,400 shares from 319,550 and Mr Paulson bought 4.53m shares, bringing his stake to 21.3m.

At the current price of about $156 a share, these are new investments of about $88m of Mr Soros’ cash and more than $700m from Mr Paulson’s funds. These are significant positions.'

_________________
'And he (the devil) said to him: To thee will I give all this power, and the glory of them; for to me they are delivered, and to whom I will, I give them'. Luke IV 5-7.
Back to top
View user's profile Send private message
item8
Trustworthy Freedom Fighter
Trustworthy Freedom Fighter


Joined: 24 Nov 2009
Posts: 951

PostPosted: Thu Aug 23, 2012 5:28 am    Post subject: Reply with quote

http://www.thestreet.com/story/11665082/1/iceland-was-right-we-were-wr ong-the-imf.html

Quote:
Iceland Was Right, We Were Wrong: The IMF
By Jeff Nielson 08/15/12 - 03:14 PM EDT

VANCOUVER (Silver Gold Bull) -- For approximately three years, our governments, the banking cabal, and the Corporate Media have assured us that they knew the appropriate approach for fixing the economies that they had previously crippled with their own mismanagement. We were told that the key was to stomp on the Little People with "austerity" in order to continue making full interest payments to the Bond Parasites -- at any/all costs.

Following three years of this continuous, uninterrupted failure, Greece has already defaulted on 75% of its debts, and its economy is totally destroyed. The UK, Spain and Italy are all plummeting downward in suicide-spirals, where the more austerity these sadistic governments inflict upon their own people the worse their debt/deficit problems get. Ireland and Portugal are nearly in the same position.

Now in what may be the greatest economic "mea culpa" in history, we have the media admitting that this government/banking/propaganda-machine troika has been wrong all along. They have been forced to acknowledge that Iceland's approach to economic triage was the correct approach right from the beginning.

What was Iceland's approach? To do the exact opposite of everything the bankers running our own economies told us to do. The bankers (naturally) told us that we needed to bail out the criminal Big Banks, at taxpayer expense (they were Too Big To Fail). Iceland gave the banksters nothing.

The bankers told us that no amount of suffering (for the Little People) was too great in order to make sure that the Bond Parasites got paid at 100 cents on the dollar. Iceland told the Bond Parasites they would get what was left over, after the people had been taken care of (by their own government).

The bankers told us that our governments could no longer afford the same education, health care and pension systems which our parents had taken for granted. Iceland told the bankers that what the country could no longer afford was to continue to be blood-sucked by the worst financial criminals in the history of our species. Now, after three-plus years of this absolute dichotomy in economic policymaking, a clear picture has emerged (despite the best efforts of the propaganda machine to hide the truth).

In typical fashion, the moment that the Corporate Media is forced to admit that it has been serially misinforming us for the past several years; the Revisionists are immediately deployed to rewrite history, as shown in this Bloomberg Businessweek excerpt:

...the island's approach to its rescue led to a "surprisingly" strong recovery, the International Monetary Fund's mission chief to the country said.

In fact, from the moment the Crash of '08 was orchestrated and our morally bankrupt governments began executing the plans of the bankers, I have written that the only rational strategy was to put People before Parasites. While I wouldn't expect national policymakers to take their cues from my writing, when I wrote out my economic prescriptions for our economies I didn't base my views on compassion, or simply "doing the right thing."

Rather, I have consistently argued that it was a matter of simple arithmetic and the most-elementary principles of economics that "the Iceland approach" was the only strategy which could possibly succeed. When Plutarch wrote 2,000 years ago "an imbalance between rich and poor is the oldest and most fatal ailment of all Republics," he was not parroting socialist dogma (1,500 years before the birth of Socialism).

Plutarch was simply expressing the First Principle of economics; something on which all of the modern capitalist economists who followed in his footsteps have based their own theories. When modern economists produce their own jargon, such as the Marginal Propensity to Consume; it is squarely based on the wisdom of Plutarch: that an economy will always be healthier with its wealth in the hands of the poor and the Middle Class instead of being hoarded by rich misers (and gamblers).

So when the Bloomberg Revisionists attempt to convince us that Iceland's strong (and real) economic recovery was a "surprise"; this could only be true if none of our governments, none of the bankers and none of the media's precious "experts" understood the most-elementary principles of arithmetic and economics. Is this the message the media wants to convey?

What is even more disingenuous here is the congratulatory tone in this exercise in Revisionism, since nothing could be further from the truth. As I detailed in a four-part series one year ago, the campaign of "economic rape" perpetrated against the governments of Europe over the past two and half years (in particular) has been expressly designed to take away "the Iceland option" for Europe's other governments.

One of the reasons for Iceland being able to escape the choke-hold of the Western banking cabal is that its economy (and its people) still retained enough residual prosperity to tough it out -- as the banking cabal tried to strangle Iceland's economy as retribution for rejecting their Debt Slavery.

Thus, austerity has been nothing less than a deliberate campaign to destroy these European economies so that the Slaves would be too economically weak to be able to sever their own choke-holds. Mission accomplished!

One can only assume that neither the Corporate Media nor their Banker Masters would have allowed this clear acknowledgment that Iceland was right and we were wrong to appear within its own pages, unless it felt secure in the knowledge that all the remaining Debt Slaves had been crippled beyond their capacity to ever escape this economic oppression.

Indeed, for evidence of this we need only look to Greece: the one other European nation where there had been "rumblings" (i.e. riots) aimed at toppling the Traitor Government that served the banking cabal. After two elections, the combination of fear and propaganda bullied the long-suffering Greek people into choosing another Traitor Government -- which had expressly pledged itself to reinforcing the bonds of economic slavery. When the Slaves vote for slavery, the Slave Masters can afford to gloat.

Here, the purpose of this Bloomberg propaganda was not to praise Iceland's government (when both the bankers and Corporate Media despise Iceland with all of their considerable malice). Rather, the goal of this disinformation was to manufacture a new Big Lie.

Instead of the Truth: that from Day 1 Iceland's approach was the only possible strategy which could have succeeded, while our own governments chose a strategy intended to fail; we get the Big Lie. Our Traitor Governments were acting honestly and honourably; and Iceland's success and our failure was yet another "surprise which no one could have predicted."

We saw precisely the same Revisionism following the Crash of '08 itself, where the mainstream media trotted out all their expert-shills to tell us they had been "surprised" by this economic event; while those within the precious metals sector had been predicting precisely such a cataclysm, in ever more-assertive terms, for several years.

The real message here for readers is that when an economic strategy of People before Parasites succeeds that there is nothing the least-bit "surprising" about this. As with all the remainder of the world around us, promoting the health of Parasites is only good for the Parasites themselves.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Back to top
View user's profile Send private message
TonyGosling
Editor
Editor


Joined: 25 Jul 2005
Posts: 15049
Location: St. Pauls, Bristol, England

PostPosted: Thu Sep 13, 2012 10:02 pm    Post subject: Reply with quote

WHY THE VICKERS REPORT IS SO BILDERBERG
http://thetruthserumblog.blogspot.co.uk/2011/09/why-vickers-report-is- so-bilderberg.html

As I pointed out yesterday after the release of the final report on the future of banking in this Disunited Kingdom, in which we are not all in this together, despite the fanfare that the report and its proposals were radical, earth shattering etc, there is actually little for the muggins British taxpayer to cheer about.

The banks can still create loadsamoney out of thin air based on our savings and deposits.

The banks can still use our savings and deposits as collateral in their gambling.

The banks can still trade in derivatives based on the financial products created based on our savings and deposits.

At the top level of banking very little has changed. Yes, it appears that in the medium term our savings and deposits could be more secure should a gambling Nazi too-big-to-fail bank, abusing its sacred position, causes another crisis due to trading in derivatives, for example. But why should this still be allowed, despite being identified as the main reason for the current crisis?

The reason is because The Vickers Commission is so Bilderberg.

The number of Bilderbergers in the UK is very very tiny. So how come two of the members of the commission are Bilderbergers, and a third worked for arguably the most important Bilderberg bank developing their global derivatives trading?

Martin Taylor and Martin Wolf are the two members of Bilderberg on the commission. Both have attended Bilderberg several times, so their allegiance to Bilderberg and its principles is thus beyond question.

Bill Winters is the third member of the commission with a weak link to Bilderberg. Winters worked for JP Morgan in London and developed their global derivatives trade. JP Morgan is consistently at the top of the pile for exposure to derivatives. Winters' role in the crisis was briefly addressed by Gillian Tett in her book Fools Gold. Believe me, you do not become so powerful in JP Morgan in London developing derivatives unless you believe in the core Bilderberg principles of using the hard earned money of the ordinary unsuspecting British taxpayer as if it was their own and to hell with the consequences.

So while you raise a half cheer at your hard earned money perhaps being a bit more safe (but only in seven years time), do not forget that your money is still being used to create profits for the people who brought us Nazism and Communism and WW2.

_________________
www.rethink911.org
www.actorsandartistsfor911truth.org
www.mediafor911truth.org
www.pilotsfor911truth.org
www.mp911truth.org
www.ae911truth.org
www.rl911truth.org
www.stj911.org
www.l911t.com
www.v911t.org
www.thisweek.org.uk
www.abolishwar.org.uk
www.elementary.org.uk
www.radio4all.net/index.php/contributor/2149
http://utangente.free.fr/2003/media2003.pdf
"The maintenance of secrets acts like a psychic poison which alienates the possessor from the community" Carl Jung
https://37.220.108.147/members/www.bilderberg.org/phpBB2/
Back to top
View user's profile Send private message Visit poster's website MSN Messenger
acrobat74
Trustworthy Freedom Fighter
Trustworthy Freedom Fighter


Joined: 03 Jun 2007
Posts: 833

PostPosted: Sun Sep 16, 2012 3:43 pm    Post subject: Reply with quote

Quote:

The banks can still create loadsamoney out of thin air based on our savings and deposits.

Yes - Vickers did not address this.

Quote:
The banks can still use our savings and deposits as collateral in their gambling.

Vickers recommended that the retail operations be ringfenced from the investment banking operations.
Which means savings could not be used as collateral for gambling.

Quote:
The banks can still trade in derivatives based on the financial products created based on our savings and deposits.

Ditto above.

Quote:
The reason is because The Vickers Commission is so Bilderberg.

Sensationalist stuff.


Quote:
Martin Taylor and Martin Wolf are the two members of Bilderberg on the commission. Both have attended Bilderberg several times, so their allegiance to Bilderberg and its principles is thus beyond question.

Not everyone who attends Bilderberg is a baby-eater.
It's a globalist think-tank, sure. But David-Ray Griffin happens to be a globalist as well, and for good reason.
And it is likely there are multiple rings of influence and affiliation until one reaches the core.

We should avoid drawing tenuous conclusions merely on the back of someone attending a secretive think-tank together with some dodgy and/or powerful participants.

For example, anyone who has been following Martin Wolf's writings in the FT will be aware that he was among the first mainstream/establishment analysts to draw attention to the insanity of our current money creation mechanism.

_________________
Summary of 9/11 scepticism: http://tinyurl.com/27ngaw6 and www.911summary.com
Off the TV: http://www.youtube.com/watch?v=M4szU19bQVE
Those who do not think that employment is systemic slavery are either blind or employed. (Nassim Taleb)
www.moneyasdebt.net
http://www.positivemoney.org.uk/
Back to top
View user's profile Send private message
Andrew.
Validated Poster
Validated Poster


Joined: 27 Nov 2007
Posts: 1518

PostPosted: Mon Sep 17, 2012 3:31 am    Post subject: Reply with quote

Quote:
The banks can still create loadsamoney out of thin air based on our savings and deposits.

Yes - Vickers did not address this.


Did he not? Then there is little point in the rest of your shallow and transparent points in all honesty acrobat74.

And they can create "loadsamoney" out of thin air full stop, regardless of savings and deposits.

Quote:
For example, anyone who has been following Martin Wolf's writings in the FT will be aware that he was among the first mainstream/establishment analysts to draw attention to the insanity of our current money creation mechanism.



But he never gave any true solution to it as is the case with many so-called economists that have pointed to the same over the years.


Quote:
We should avoid drawing tenuous conclusions merely on the back of someone attending a secretive think-tank together with some dodgy and/or powerful participants.


My emphasis in [ ]

"So while you raise a half cheer at your hard earned money [time and labour ] perhaps being a bit more safe (but only in seven years time), do not forget that your money [time and labour ] is still being used to create profits for the people who brought us Nazism and Communism and WW2. [And many other wars and the build up to WW3]"

?
Back to top
View user's profile Send private message Visit poster's website
item8
Trustworthy Freedom Fighter
Trustworthy Freedom Fighter


Joined: 24 Nov 2009
Posts: 951

PostPosted: Mon Sep 17, 2012 6:41 am    Post subject: Reply with quote

Quote:
But he never gave any true solution to it as is the case with many so-called economists that have pointed to the same over the years.


Are you suggesting there is no viable alternative? Or just that he didn't suggest one. I have heard plenty, including the obvious one of governments creating their own currency interest free.
Back to top
View user's profile Send private message
Andrew.
Validated Poster
Validated Poster


Joined: 27 Nov 2007
Posts: 1518

PostPosted: Mon Sep 17, 2012 7:08 am    Post subject: Reply with quote

item8 wrote:
Quote:
But he never gave any true solution to it as is the case with many so-called economists that have pointed to the same over the years.


Are you suggesting there is no viable alternative? Or just that he didn't suggest one. I have heard plenty, including the obvious one of governments creating their own currency interest free.



No I'm not suggesting there is no viable alternative and have said what the only solution is many times (I fully support the Nov 5th Jubilee by John Antony Hill - Muad'Dib )

Quote:
I have heard plenty, including the obvious one of governments creating their own currency interest free.


Me too, but any issuance of money/credit can be gamed (cheated upon) regardless of whom issues it even if interest free. Unless the principle of the "year of release" (all debts cancelled periodically) is included because that is the only thing that will set the playing field so to speak level again periodically. The cure for Inflation/deflation is no more complicated than the right amount of money/credit to service the goods/services and no interest..

Not to forget the real Jubilee is about the "year of release" and the land too as the land is the greatest wealth (physically).

I.E the redistribution of the wealth (money/credit and land) back to the people, all the people, whom it was taken/stolen from.

It also morally takes away the money influence of the war mongers. Which eventually if not stopped will be us in the firing line.


Last edited by Andrew. on Mon Sep 17, 2012 7:39 am; edited 3 times in total
Back to top
View user's profile Send private message Visit poster's website
Andrew.
Validated Poster
Validated Poster


Joined: 27 Nov 2007
Posts: 1518

PostPosted: Mon Sep 17, 2012 7:32 am    Post subject: Reply with quote

Double post, apologies.
Back to top
View user's profile Send private message Visit poster's website
item8
Trustworthy Freedom Fighter
Trustworthy Freedom Fighter


Joined: 24 Nov 2009
Posts: 951

PostPosted: Mon Sep 17, 2012 6:12 pm    Post subject: Reply with quote

Quote:
Me too, but any issuance of money/credit can be gamed (cheated upon) regardless of whom issues it even if interest free.


But if there is no interest then there is no "National Debt". That is what the banksters say everyone owes them. That is it in a nutshell. Massive crime!
Back to top
View user's profile Send private message
Andrew.
Validated Poster
Validated Poster


Joined: 27 Nov 2007
Posts: 1518

PostPosted: Mon Sep 17, 2012 8:48 pm    Post subject: Reply with quote

item8 wrote:
Quote:
Me too, but any issuance of money/credit can be gamed (cheated upon) regardless of whom issues it even if interest free.


But if there is no interest then there is no "National Debt". That is what the banksters say everyone owes them. That is it in a nutshell. Massive crime!



Without the principle of the "year of release" they could still issue the money/credit and demand "National Debt" on the principle amount (any amount they choose to put in circulation) without any interest attached, even though it is issued from thin air (They are owed no money for what they have created out of thin air; not the principle amount nor any interest) to provide a means of exchange. Which is different to person to person exchange debt for goods/services.
Back to top
View user's profile Send private message Visit poster's website
item8
Trustworthy Freedom Fighter
Trustworthy Freedom Fighter


Joined: 24 Nov 2009
Posts: 951

PostPosted: Tue Sep 18, 2012 4:52 am    Post subject: Reply with quote

Quote:
Without the principle of the "year of release" they could still issue the money/credit and demand "National Debt" on the principle amount (any amount they choose to put in circulation) without any interest attached, even though it is issued from thin air (They are owed no money for what they have created out of thin air; not the principle amount nor any interest) to provide a means of exchange.


I don't get it. If they create x amount of currency then they are owed x amount and it should be repaid at some point. Without interest there would be no inflation and currency would be what it should be - merely a means of facilitating the exchange of goods and services. It is the interest (which is usury) that is the root of all the problems.
Back to top
View user's profile Send private message
Andrew.
Validated Poster
Validated Poster


Joined: 27 Nov 2007
Posts: 1518

PostPosted: Tue Sep 18, 2012 8:58 am    Post subject: Reply with quote

item8 wrote:
Quote:
Without the principle of the "year of release" they could still issue the money/credit and demand "National Debt" on the principle amount (any amount they choose to put in circulation) without any interest attached, even though it is issued from thin air (They are owed no money for what they have created out of thin air; not the principle amount nor any interest) to provide a means of exchange.


I don't get it. If they create x amount of currency then they are owed x amount and it should be repaid at some point. Without interest there would be no inflation and currency would be what it should be - merely a means of facilitating the exchange of goods and services. It is the interest (which is usury) that is the root of all the problems.



bump.

Interest is one of many forms of usury. For example colonial scrip used in America at one time was used but that was ruined by intention, by putting far too much in circulation (inflation) until it had very little spending power.

Another example easy to understand is the board game "monopoly" where no interest is used but the idea of the game is to end up with being "owed"? The "whole lot", whole lot since you used that term in an earlier post in the thread some time ago. And even though in that game the players start with equal amounts of credit.

Quote:
If they create x amount of currency then they are owed x amount and it should be repaid at some point.


If its made up out of thin air they (the issuers) are owed nothing in that respect, but perhaps you mean about keeping the books so to speak balanced, and if credit is used then rather than being owed, it should be retired once its served its purpose of (*merely a means of facilitating the exchange of goods and services.)

If gold/silver is used (by weight and volume) then it stays in circulation (in the peoples hands for* and is not retired). But can be horded by some, although it would hurt them as much as others if they did so [from the point of view if bullion, gold/silver was used (by weight and volume) exclusively.]


But never the less:

Any issuance of money/credit can be gamed (cheated upon) regardless of whom issues it even if interest free. Unless the principle of the "year of release" (all debts cancelled periodically) is included because that is the only thing that will set the playing field so to speak level again periodically. The cure for Inflation/deflation is no more complicated than the right amount of money/credit to service the goods/services and no interest..

Not to forget the real Jubilee is about the "year of release" and the land too as the land is the greatest wealth (physically).

I.E the redistribution of the wealth (money/credit and land) back to the people, all the people, whom it was taken/stolen from.

It also morally takes away the money influence of the war mongers. Which eventually if not stopped, it will be us in the firing line.
Back to top
View user's profile Send private message Visit poster's website
TonyGosling
Editor
Editor


Joined: 25 Jul 2005
Posts: 15049
Location: St. Pauls, Bristol, England

PostPosted: Mon Oct 15, 2012 5:31 pm    Post subject: Reply with quote

'Game Theory' spivs awarded Nobel prize for economics

Nobel prize for economics won by Alvin Roth and Lloyd Shapley
US game theorists awarded 2012 prize for work which has had spin-off benefits in healthcare and education
http://www.guardian.co.uk/business/2012/oct/15/nobel-prize-economics-a lvin-roth-lloyd-shapley
Larry Elliott, economics editor - guardian.co.uk, Monday 15 October 2012 13.27 BST
The Swedish Royal Academy of Sciences announces Alvin Roth and Lloyd Shapley have won the 2012 Nobel prize for economics. Link to this video
Two American economists whose pioneering work has enabled organ patients to be matched with potential donors have been awarded the 2012 Nobel prize for economics.
Alvin Roth and Lloyd Shapley were recognised for their research into how to link up economic agents, which has had spin-off effects in healthcare and education.
The Royal Swedish Academy of Sciences said Shapley, 89, one of the world's acknowledged experts in game theory, had compared different matching methods and found ways of ensuring matches would be acceptable to all parties.
Roth, 60, used Shapley's work for a series of empirical studies that led to the redesign of institutions, including founding the New England Programme for Kidney Exchange in 2005. It has also led to students being matched with schools.
"This year's prize is awarded for an outstanding example of economic engineering," said the committee in Stockholm awarding the prize. The two economists will share a prize of $1.2m (£750,000) for their work on "the theory of stable allocations and the practice of market design".
The economics prize, officially called the Sveriges Riksbank prize in economic sciences in memory of Alfred Nobel, was established in 1968. It was not part of the original group of awards set out in the dynamite tycoon's 1895 will.
Shapley, emeritus professor of economics at the University of California, Los Angeles, was part of a four-man team that invented the board game So Long Sucker in 1950. The four-person bargaining contest involves the players making commitments they cannot keep and which have to be reneged upon in order for the game to be won.

_________________
www.rethink911.org
www.actorsandartistsfor911truth.org
www.mediafor911truth.org
www.pilotsfor911truth.org
www.mp911truth.org
www.ae911truth.org
www.rl911truth.org
www.stj911.org
www.l911t.com
www.v911t.org
www.thisweek.org.uk
www.abolishwar.org.uk
www.elementary.org.uk
www.radio4all.net/index.php/contributor/2149
http://utangente.free.fr/2003/media2003.pdf
"The maintenance of secrets acts like a psychic poison which alienates the possessor from the community" Carl Jung
https://37.220.108.147/members/www.bilderberg.org/phpBB2/
Back to top
View user's profile Send private message Visit poster's website MSN Messenger
Andrew.
Validated Poster
Validated Poster


Joined: 27 Nov 2007
Posts: 1518

PostPosted: Tue Oct 23, 2012 9:41 am    Post subject: Reply with quote

http://www.telegraph.co.uk/finance/comment/9623863/IMFs-epic-plan-to-c onjure-away-debt-and-dethrone-bankers.html


Quote:
This so called "Magic Wand Report" is basically what alot of people have been saying for a very long time, funny how it can take centuries for "experts" to figure out.

So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany, Italy, or Japan.

One could slash private debt by 100pc of GDP, boost growth, stabilize prices, and dethrone bankers all at the same time. It could be done cleanly and painlessly, by legislative command, far more quickly than anybody imagined.

The conjuring trick is to replace our system of private bank-created money -- roughly 97pc of the money supply -- with state-created money. We return to the historical norm, before Charles II placed control of the money supply in private hands with the English Free Coinage Act of 1666.

Specifically, it means an assault on "fractional reserve banking". If lenders are forced to put up 100pc reserve backing for deposits, they lose the exorbitant privilege of creating money out of thin air.

The nation regains sovereign control over the money supply. There are no more banks runs, and fewer boom-bust credit cycles. Accounting legerdomain will do the rest. That at least is the argument.

Some readers may already have seen the IMF study, by Jaromir Benes and Michael Kumhof, which came out in August and has begun to acquire a cult following around the world.
Back to top
View user's profile Send private message Visit poster's website
item8
Trustworthy Freedom Fighter
Trustworthy Freedom Fighter


Joined: 24 Nov 2009
Posts: 951

PostPosted: Tue Oct 23, 2012 5:50 pm    Post subject: Reply with quote

Quote:
Irving Fisher thought credit cycles led to an unhealthy concentration of wealth. He saw it with his own eyes in the early 1930s as creditors foreclosed on destitute farmers, seizing their land or buying it for a pittance at the bottom of the cycle.

The farmers found a way of defending themselves in the end. They muscled together at "one dollar auctions", buying each other's property back for almost nothing. Any carpet-bagger who tried to bid higher was beaten to a pulp.


That is EXACTLY what it is going to take. Righteous anger by the 99.9% against the Banksters and the seizure of all their criminal gains. Begin by printing a pretty piece of paper with lots of colourful swirls and a picture of the queen and in bold type state "One Gazillion Pounds". Then present this to the banksters as payment for all our "debts" and tell them to keep the effing change!!
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    9/11, 7/7 & the War on Freedom Forum Index -> Pre-Planned Economic 9/11 - Global Financial Conspiracy All times are GMT
Goto page Previous  1, 2, 3 ... 14, 15, 16, 17, 18  Next
Page 15 of 18

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You can download files in this forum


Powered by phpBB © 2001, 2005 phpBB Group