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2008 capitalism died: Money Scam, cornerstone of our slavery
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Whitehall_Bin_Men
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PostPosted: Tue Jul 04, 2017 8:33 am    Post subject: Reply with quote

At the heart of a rotten system
Is a basic rotten lie
Repeated like a mantra
On BBC and Sky

There Is No Alternative
We must live with in our means
So cut your cloth accordingly
And set aside your dreams

Education fueled by debt
Feeds parasites in banks
No money for a hospital
But plenty spare for tanks

No money left for libraries
Or to care for the old and needy
But plenty left for Trident
And bonuses for the greedy

But when do we hear the question
In the House or in the press?
Where does money come from?
The root of our distress

What is this magic substance
That can cultivate or kill
That can build a home or smash it
That can work for good or ill?

Is there a magic money tree
In some walled-off sacred wood?
Or does government create it
In the name of the public good?

We never hear the question
In case we get upset
For the truth is banks create it
Out of pure fresh air as debt.

We can't run out of money
As some letters might suggest
And before we get to tax it
First we must invest.

So next a time a politician
Tells you money has run out
Ask then where it comes from
And watch them fill with doubt

And if they try to dodge your question
Keep on til they reply
There is no more vital matter
It is why we live or die.

_________________
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'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."
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PostPosted: Mon Jul 24, 2017 6:41 pm    Post subject: Reply with quote

'Quantitative Easing, The Largest Transfer Of Wealth In History':
http://www.countercurrents.org/2017/07/24/quantitative-easing-the-larg est-transfer-of-wealth-in-history/

'....Given that – judged by its official aims – QE has been a total failure, this makes perfect sense. By ‘injecting’ money into the economy, QE was supposed to get banks lending again, boosting investment and driving up economic growth. But overall bank lending in fact fell following the introduction of QE in the UK, whilst lending to small and medium sized enterprises (SMEs) – responsible for 60 percent of employment – plummeted.

As Laith Khalaf, a senior analyst at Hargreaves Lansdown, has noted: “Central banks have flooded the global economy with cheap money since the financial crisis, yet global growth is still in the doldrums, particularly in Europe and Japan, which have both seen colossal stimulus packages thrown at the problem.”

Even Forbes admits that QE has “largely failed in reviving economic growth”.

This is, or should be, unsurprising. QE was always bound to fail in terms of its stated aims, because the reason banks were not funneling money into productive investment was not because they were short of cash – on the contrary, by 2013, well before the final rounds of QE, UK corporations were sitting on almost £1/2trillion of cash reserves – but rather because the global economy was (and is) in a deep overproduction crisis. Put simply, markets were (and are) glutted and there is no point investing in glutted markets.

This meant that the new money created by QE and ‘injected’ into financial institutions – such as pension funds and insurance companies – was not invested into productive industry, but rather went into stock markets and real estate, driving up prices of shares and houses, but generating nothing in terms of real wealth or employment.

Holders of assets such as stocks and houses, therefore, have done very well out of QE, which has increased the wealth of the richest 5 percent of the UK population by an average of £128,000 per head.

How can this be? Where does this additional wealth come from? After all, while money – contrary to Tory sloganeering – can indeed be created ‘out of thin air’, which is precisely what QE has done, real wealth cannot. And QE has not produced any real wealth. Yet the richest 5 percent now have an extra £128,000 to spend on yachts, mansions, diamonds, caviar and so on. So where has it come from?

The answer is simple. The wealth which QE has passed to asset-holders has come, first of all, directly out of workers’ wages. QE, by effectively devaluing the currency, has reduced the buying power of money, leading to an effective decrease in real wages, which, in the UK, still remain 6 percent below their pre-QE levels. The money taken out of workers’ wages therefore forms part of that £128,000 dividend. But it has also come from new entrants to the markets inflated by QE – primarily, first time buyers and those just reaching pension age.

Those buying a house (which QE has made more expensive), for example, will likely have to work thousands of additional hours over the course of their mortgage in order to pay this increased cost. It is those extra hours that are creating the wealth which subsidizes the spending spree for the richest 5 percent. Of course, these increased house prices are paid by anyone purchasing a house, not only first time buyers – but the additional cost for existing homeowners is compensated for by the rise in price of their existing house (or by their shares for those wealthy enough to hold them).

QE also means that newly retiring pensioners are forced to subsidize the 5 percent. New retirees use their pension pot to purchase an ‘annuity’ – a bundle of stocks and shares generating dividends which serve as an income. However, as QE has inflated share prices, the number of shares they can buy with this pot is reduced. And, as share price increases do not increase dividends, this means reduced pension payments.

In truth, the story that QE was about encouraging investment and boosting employment and growth was always a fantastical yarn designed to disguise what was really going on – a massive transfer of wealth to the rich.

As economist Dhaval Joshi put it in 2011: “The shocking thing is, two years into an ostensible recovery, [UK] workers are actually earning less than at the depth of the recession. Real wages and salaries have fallen by £4bn. Profits are up by £11bn. The spoils of the recovery have been shared in the most unequal of ways......................”

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Whitehall_Bin_Men
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PostPosted: Mon Jul 31, 2017 11:22 am    Post subject: Reply with quote

9/11 to Armageddon: Bankers Plan Wars - William Stuart
YouTube - 30 Mar 2014

Link

https://www.youtube.com/watch?v=gB-4O5C2hVw

_________________
--
'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."
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PostPosted: Tue Aug 01, 2017 10:14 pm    Post subject: 9-11 to Armageddon, Bankers Plan Wars Reply with quote

9-11 to Armageddon, Bankers Plan Wars
William Stuart 9 11 to Armageddon Bankers Plan Wars Interview by Janie Full Version

Link

https://www.youtube.com/watch?v=RLGZbg4u0Yo

Janie of Taxfree UK 15 interviews William Stuart on his latest book: 9-11 to Armageddon, Bankers Plan Wars
http://william-stuart.blogspot.co.uk/

He is outlining the incredible story about the "Untouchables" who now will become touchable and are being exposed for what they are. He is decribing the historic build up of the Arab Brotherhood, Al Quaeda by the globally operating Bankster Cabal through their minions.

_________________
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www.rethink911.org
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www.mp911truth.org
www.ae911truth.org
www.rl911truth.org
www.stj911.org
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
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Whitehall_Bin_Men
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PostPosted: Sat Oct 07, 2017 6:25 pm    Post subject: Reply with quote

UK productivity sinks again as Britain edges closer to decade of stagnation
http://www.independent.co.uk/news/business/news/uk-productivity-growth -latest-sink-stagnation-decade-public-finances-economy-second-quarter- wages-a7986111.html

The ONS reported that real output per hour worked fell by 0.3 per cent in the three months to June

Ben Chu Economics Editor @Benchu_ a day ago 5 comments The Independent Online

The UK’s productivity sank again in the second quarter of 2017, edging Britain closer to a lost decade of productivity growth, increasing the likelihood of the emergence of a new hole in the public finances.

The Office for National Statistics reported on Friday that UK real output per hour worked fell by 0.3 per cent in the three months to June.

This followed an expansion of just 0.1 per cent in the first quarter.

Labour would remedy 'lost decade' of Tory failure, pledges Corbyn
5 charts that show the UK economy is in the middle of a 'lost decade'
Britain ‘facing lost decade of economic growth’
That means the level of UK productivity remains below where it was in the final quarter of 2007, before the financial crisis and recession hit.

Such a prolonged period of productivity stagnation for the UK is unprecedented in modern times and is one of the key drivers of the dismal performance of average wages since the crash.

At the time of the March Budget, the Office for Budget Responsibility (OBR) forecast output per hour would grow by 0.5 per cent in the first quarter of 2017 and 0.3 per cent in the second quarter.

Over 2017 as a whole the OBR projected the UK economy’s productivity would grow by 1.6 per cent, with 1.5 per cent next year and 1.7 per cent in 2019, rising to 1.8 per cent in 2020.

The Treasury expects the OBR to respond to the latest disappointing outturn data to revise down its productivity growth forecasts over the next five years, slashing projected tax revenues and eating deep into the £26bn of headroom that the Chancellor Philip Hammond had been projected to have in 2020-21 against his own fiscal rules.

The ONS also reported on Friday that the output per hour gap between the UK and the average for the rest of the G7 economies was 15.1 per cent in 2016.

Lost decade approaching

Productivity, by this measure, was 25.6 per cent below Germany's and 22.3 per cent below that of France.

Many economists expect Brexit to reduce the UK’s long-term productivity performance by lowering trade flows with our nearest neighbours and also restricting immigration.

The OBR revised down its forecast for UK trend potential productivity growth in the wake of the Brexit vote between 2017 and 2020, reflecting its expectation of less productivity-enhancing business investment due to uncertainty over future trade arrangements and resulting in a £7.2bn hole in the public finances by 2020-21 relative to otherwise.

_________________
--
'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."
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TonyGosling
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PostPosted: Sat Oct 28, 2017 9:32 pm    Post subject: Reply with quote

Friday 27 October 2017 6:00am
"Shocking ignorance" from MPs who don't know where money actually comes from
http://www.cityam.com/274631/shocking-ignorance-mps-dont-know-money-ac tually-comes

The majority of Britain's politicians don't know where money comes from, despite being tasked with deciding how much of it ends up being spent, according to a poll of MPs published today.

Only 15 per cent of MPs surveyed answered correctly when asked a true/false question on whether banks create money when they make loans.

Almost two-thirds of the 50 MPs surveyed by Dods for campaign group Positive Money wrongly thought banks can't create money, while a quarter admitted they didn't know.

Read more: Politicians get lost in search of the fabled Magic Money Tree

In a far from stellar field Conservative MPs outperformed slightly “in this regard”, with 19 per cent answering correctly, compared to only one in 20 Labour MPs.

More than three-quarters of the MPs surveyed incorrectly believed that only the government has the ability to create new money. Some 23 per cent knew this to be false, with Labour performing better than the Conservatives.

The Bank of England has previously intervened to point out that most money in the UK begins as a bank loan. In a 2014 article the Bank pointed out that “whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.”

The perception of money creation has been complicated further by the unorthodox use of quantitative easing, in which the government creates money electronically, which is then used to buy financial assets.

Fran Boait, executive director of Positive Money, said: “Despite their confidence in telling the public that there is ‘no magic money tree’ to pay for vital services, politicians themselves are shockingly ignorant of where money actually comes from.

“There is in fact a ‘magic money tree’, but it’s in the hands of commercial banks, such as Barclays, HSBC and RBS, who create money whenever they make loans."

_________________
www.lawyerscommitteefor9-11inquiry.org
www.rethink911.org
www.patriotsquestion911.com
www.actorsandartistsfor911truth.org
www.mediafor911truth.org
www.pilotsfor911truth.org
www.mp911truth.org
www.ae911truth.org
www.rl911truth.org
www.stj911.org
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
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Whitehall_Bin_Men
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PostPosted: Sun Nov 05, 2017 12:32 pm    Post subject: Reply with quote

Creeping erosion of privacy: New EU directive will help internet cartel giants access your BANK ACCOUNT
New EU directive will help internet giants access your BANK ACCOUNT
express.co.uk
https://t.co/VRHBnmu0Ph

_________________
--
'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."
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PostPosted: Thu Jan 18, 2018 9:44 pm    Post subject: Reply with quote

In a new era of official nastiness, it’s suddenly a crime to be homeless
John Harris John Harris
Instead of addressing the causes of homelessness, local authorities are using public space protection orders to displace, fine and punish the vulnerable
https://www.theguardian.com/commentisfree/2016/mar/10/nastiness-crime- homeless-homelessness-local-authorities-public-spaces-protection-order s

A week ago, a case involving a homeless man called Ashley Hackett was thrown out of court in Brighton. He had been arrested by a plain-clothes police officer for asking a passer-by for 10p, an episode that triggered reports about Sussex police arresting 60 people on similar grounds in 2015 alone.

One night on the street witnessing Britain's homeless crisis – as it happened
Read more
The story exploded in the pages of the Brighton Argus: local MP Caroline Lucas said she could not see “how criminalising desperate people for begging is helpful”; 30,000 people signed a petition decrying the policy responsible – and then, in the final denouement, prosecutors decided that the case was not in the public interest, and a district judge called time on the whole pathetic affair. In among the small print, there lurked truly Kafkaesque details, such as Hackett’s lawyer’s insistence that “he pleaded not guilty to begging because the offence says you’ve got to place yourself in that location to beg. He says he’s homeless and that’s where he lives.”

Unfortunately, the end of that case will probably have no effect on a monstrous shift in policy and official attitudes towards homeless people being rolled out around the country. As in-depth reporting in the Guardian this week has highlighted, rough-sleeping in England is up nearly a third year-on-year, and the figures have doubled since 2010: a plainly shameful fact that underlines the sense of a government locked into a grim re-enactment of the 1980s. Meanwhile, all over the country, police and local councils are criminalising begging and rough sleeping, seemingly trying to push such mounting problems out of sight.

Which brings us to a particularly horrible policy instrument known as public space protection orders (or PSPOs), brought in by the coalition government in 2014. As with New Labour’s antisocial behaviour orders, this new legal invention creates opportunities to criminalise hitherto non-criminal behaviour – but instead of Asbos’ focus on individuals, PSPOs are defined by particular areas.

The basic idea is simple enough. Designate a particular area, specify the behaviour you want to outlaw, and you’re off. In certain areas of Nottinghamshire, Bassetlaw’s Labour council has prohibited people under 16 “gathering in groups of three or more”; in Hillingdon, the Tories who run the borough have criminalised feeding pigeons in the park and, for young people in certain places, “gathering in groups of two or more persons unless going to or from a parked vehicle or waiting for a scheduled bus at a designated bus stop”. Obviously, those actions look comically draconian. But when PSPOs are applied to homeless people, the sense of punitive nastiness goes off the scale.


Homelessness crisis: ministers consider 'prevention duty' for councils
Read more
We are essentially talking about the policy equivalent of those spikes now affixed to modern buildings as a matter of course, in case anyone thinks of bedding down for the night. In Folkestone in Kent, a PSPO covers drinking, rough sleeping and begging; the latter is also a potential criminal act in Corby, Swindon and Oxford (where the council says it only applies to “aggressive” begging, though that includes simply asking for money near a cashpoint). In Wrexham, similar sanctions now apply to sleeping in a town centre park. Failure to comply entails a possible on-the-spot fine of £100 – this is for homeless people, let’s not forget – and, if the case goes to court, a penalty of up to £1,000. It is seemingly too early for cases to start colliding with the judicial system, but when they do, the waste of public money and chaotic fallout will speak for itself.

Nonetheless, the idea is catching on. Recent Freedom of Information requests by the Vice website discovered that at least 36 local councils in England and Wales “have introduced or are working on PSPOs which criminalise activities linked to homelessness”. In some places, there has been loud controversy about what is afoot: protests in Exeter, a U-turn in Newport, and another successful campaign in Hackney, east London, that last year forced the council to back down.

But all too often there’s a sense of dull inevitability: in the absence of any real local or national scrutiny, councils do what they like, and no one really cares. Put another way: these days, if something happens in Corby, Swindon or Wrexham, can it really be said to have happened at all?

‘I am well-spoken and not an addict’: how homelessness can happen to anyone
Sarah Marsh and Guardian readers
Sarah Marsh
Read more
Moreover, as the Brighton case proves, the story runs much wider than PSPOs. Aside from London and Bristol, the city I visit most often is Manchester, where rough sleeping has exploded and, despite a more enlightened attitude to homeless people than you see in some other places, the city council and local landlords spent some of 2015 locked into an on-off game of injunctions, clearances, and ongoing bad feeling.

As a dry space long used by homeless people was suddenly cleared and fenced off – which is how it remains – and protest camps set up by homeless people spread across the city, the council won an injunction against anyone pitching a tent, which went as far as listing the items (sleeping bags, cardboard boxes) that were still permitted, and led to homeless people facing fines of up to £5,000. When I last visited, a new canvas encampment had sprung up on land owned by Manchester University, close to Piccadilly station: a fragile mini-shanty town, symbolising the fact that in the surrounding regenerated wonderland, scores of homeless people seem to have been reduced to an inconvenience.

Fines and arrest back up the rightwing idea of character failure; George Osborne sleeps that bit more easily
At the heart of all this, there is often a kind of municipal Trump-ism, whereby police and crime commissioners, senior officers and politicians of all parties affect a crass language of crackdowns and zero tolerance, while doing little to get to grips with the actual issue. Obviously, they can account for their actions in terms of austerity: if average local authority funding for services helping people avoid homelessness was cut by 45% between 2010 and 2015, and homelessness and rough-sleeping are reaching such uncontrollable heights, what else can they do?

The answer to that is simple enough: whatever your intentions, once you start blankly criminalising people who need serious and wide-ranging help, you surely risk shutting down any argument for that kind of assistance ever returning. Fines and arrests back up the rightwing idea of character failure; George Osborne sleeps that bit more easily.

Here, though, is perhaps the most awful aspect of what’s happening. If the official attitude to people who sleep on the streets looks like cold contempt, we shouldn’t be all that surprised if that is reflected not just in public indifference and hostility, but in outright acts of inhumanity.

Back in Brighton, this week brought news of a homeless man suffering burns after his sleeping bag and cardboard shelter were set on fire. Vulnerability to violence is often at the heart of living without a home: if we reduce people to being annoying untouchables, maybe that’s the kind of terrible thing that will happen more often.



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_________________
www.lawyerscommitteefor9-11inquiry.org
www.rethink911.org
www.patriotsquestion911.com
www.actorsandartistsfor911truth.org
www.mediafor911truth.org
www.pilotsfor911truth.org
www.mp911truth.org
www.ae911truth.org
www.rl911truth.org
www.stj911.org
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/
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Whitehall_Bin_Men
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PostPosted: Thu Aug 09, 2018 10:27 am    Post subject: Reply with quote


Link

https://m.youtube.com/watch?v=d3mfkD6Ky5o


97% Owned - Positive Money Cut
QueuePolitely151,164 views

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Published on 30 Apr 2012
Support us on Patreon: https://www.patreon.com/independentdo...

To join the campaign to democratise money see http://www.positivemoney.org.uk/97per...
Watch the sequel: https://www.youtube.com/watch?v=p5Ac7...

When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked - questions like: where does money come from? Who creates it? Who decides how it gets used? And what does that mean for the millions of ordinary people who suffer when money and finance breaks down?

97% Owned is a new documentary that reveals how money is at the root of our current social and economic crisis. Featuring frank interviews and commentary from economists, campaigners and former bankers, it exposes the privatised, debt-based monetary system that gives banks the power to create money, shape the economy, cause crises and push house prices out of reach. Fact-based and clearly explained, in just 60 minutes it shows how the power to create money is the piece of the puzzle that economists were missing when they failed to predict the crisis.

Produced by Queuepolitely and featuring Ben Dyson of Positive Money, Josh Ryan-Collins of The New Economics Foundation, Ann Pettifor, the "HBOS Whistleblower" Paul Moore, Simon Dixon of Bank to the Future and Nick Dearden from the Jubliee Debt Campaign, this is the first documentary to tackle this issue from a UK-perspective, and can be watched online now.

Help us caption & translate this video!

http://amara.org/v/teJ/

_________________
--
'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."
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PostPosted: Fri Mar 15, 2019 3:15 pm    Post subject: Reply with quote

2008 Financial Crisis: A Ten-Year Review conference. Panel: Central Banking in Crisis Management

Link

https://www.youtube.com/watch?v=DGzwtXC79Vc
The Role of Central Banking in Crisis Management. Moderator: Stanley Fischer. Participants: Ben Bernanke (former Chairman of the Federal Reserve Board), Mervyn King (former Governor of Bank of England), Jean-Claude Trichet (former President of the European Central Bank)

_________________
www.lawyerscommitteefor9-11inquiry.org
www.rethink911.org
www.patriotsquestion911.com
www.actorsandartistsfor911truth.org
www.mediafor911truth.org
www.pilotsfor911truth.org
www.mp911truth.org
www.ae911truth.org
www.rl911truth.org
www.stj911.org
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/
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PostPosted: Wed Mar 20, 2019 1:48 pm    Post subject: Reply with quote

The Federal Reserve Cartel: The Eight Families
By Dean Henderson
https://www.globalresearch.ca/the-federal-reserve-cartel-the-eight-fam ilies/25080

Global Research, January 31, 2018

This article was first published by Global Research on June 1, 2011.

(Part one of a four-part series)

The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.

According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1]

So who then are the stockholders in these money center banks?

This information is guarded much more closely. My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds. This is rather ironic, since many of the bank’s stockholders reside in Europe.

One important repository for the wealth of the global oligarchy that owns these bank holding companies is US Trust Corporation – founded in 1853 and now owned by Bank of America. A recent US Trust Corporate Director and Honorary Trustee was Walter Rothschild. Other directors included Daniel Davison of JP Morgan Chase, Richard Tucker of Exxon Mobil, Daniel Roberts of Citigroup and Marshall Schwartz of Morgan Stanley. [2]

J. W. McCallister, an oil industry insider with House of Saud connections, wrote in The Grim Reaper that information he acquired from Saudi bankers cited 80% ownership of the New York Federal Reserve Bank- by far the most powerful Fed branch- by just eight families, four of which reside in the US. They are the Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London; the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome.

CPA Thomas D. Schauf corroborates McCallister’s claims, adding that ten banks control all twelve Federal Reserve Bank branches. He names N.M. Rothschild of London, Rothschild Bank of Berlin, Warburg Bank of Hamburg, Warburg Bank of Amsterdam, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Bank of Italy, Goldman Sachs of New York and JP Morgan Chase Bank of New York. Schauf lists William Rockefeller, Paul Warburg, Jacob Schiff and James Stillman as individuals who own large shares of the Fed. [3] The Schiffs are insiders at Kuhn Loeb. The Stillmans are Citigroup insiders, who married into the Rockefeller clan at the turn of the century.

Eustace Mullins came to the same conclusions in his book The Secrets of the Federal Reserve, in which he displays charts connecting the Fed and its member banks to the families of Rothschild, Warburg, Rockefeller and the others. [4]

The control that these banking families exert over the global economy cannot be overstated and is quite intentionally shrouded in secrecy. Their corporate media arm is quick to discredit any information exposing this private central banking cartel as “conspiracy theory”. Yet the facts remain.



The House of Morgan

The Federal Reserve Bank was born in 1913, the same year US banking scion J. Pierpont Morgan died and the Rockefeller Foundation was formed. The House of Morgan presided over American finance from the corner of Wall Street and Broad, acting as quasi-US central bank since 1838, when George Peabody founded it in London.

Peabody was a business associate of the Rothschilds. In 1952 Fed researcher Eustace Mullins put forth the supposition that the Morgans were nothing more than Rothschild agents. Mullins wrote that the Rothschilds, “…preferred to operate anonymously in the US behind the facade of J.P. Morgan & Company”. [5]

Author Gabriel Kolko stated, “Morgan’s activities in 1895-1896 in selling US gold bonds in Europe were based on an alliance with the House of Rothschild.” [6]

The Morgan financial octopus wrapped its tentacles quickly around the globe. Morgan Grenfell operated in London. Morgan et Ce ruled Paris. The Rothschild’s Lambert cousins set up Drexel & Company in Philadelphia.

The House of Morgan catered to the Astors, DuPonts, Guggenheims, Vanderbilts and Rockefellers. It financed the launch of AT&T, General Motors, General Electric and DuPont. Like the London-based Rothschild and Barings banks, Morgan became part of the power structure in many countries.

By 1890 the House of Morgan was lending to Egypt’s central bank, financing Russian railroads, floating Brazilian provincial government bonds and funding Argentine public works projects. A recession in 1893 enhanced Morgan’s power. That year Morgan saved the US government from a bank panic, forming a syndicate to prop up government reserves with a shipment of $62 million worth of Rothschild gold. [7]

Morgan was the driving force behind Western expansion in the US, financing and controlling West-bound railroads through voting trusts. In 1879 Cornelius Vanderbilt’s Morgan-financed New York Central Railroad gave preferential shipping rates to John D. Rockefeller’s budding Standard Oil monopoly, cementing the Rockefeller/Morgan relationship.

The House of Morgan now fell under Rothschild and Rockefeller family control. A New York Herald headline read, “Railroad Kings Form Gigantic Trust”. J. Pierpont Morgan, who once stated, “Competition is a sin”, now opined gleefully, “Think of it. All competing railroad traffic west of St. Louis placed in the control of about thirty men.”[8]

Morgan and Edward Harriman’s banker Kuhn Loeb held a monopoly over the railroads, while banking dynasties Lehman, Goldman Sachs and Lazard joined the Rockefellers in controlling the US industrial base. [9]

In 1903 Banker’s Trust was set up by the Eight Families. Benjamin Strong of Banker’s Trust was the first Governor of the New York Federal Reserve Bank. The 1913 creation of the Fed fused the power of the Eight Families to the military and diplomatic might of the US government. If their overseas loans went unpaid, the oligarchs could now deploy US Marines to collect the debts. Morgan, Chase and Citibank formed an international lending syndicate.

The House of Morgan was cozy with the British House of Windsor and the Italian House of Savoy. The Kuhn Loebs, Warburgs, Lehmans, Lazards, Israel Moses Seifs and Goldman Sachs also had close ties to European royalty. By 1895 Morgan controlled the flow of gold in and out of the US. The first American wave of mergers was in its infancy and was being promoted by the bankers. In 1897 there were sixty-nine industrial mergers. By 1899 there were twelve-hundred. In 1904 John Moody – founder of Moody’s Investor Services – said it was impossible to talk of Rockefeller and Morgan interests as separate. [10]

Public distrust of the combine spread. Many considered them traitors working for European old money. Rockefeller’s Standard Oil, Andrew Carnegie’s US Steel and Edward Harriman’s railroads were all financed by banker Jacob Schiff at Kuhn Loeb, who worked closely with the European Rothschilds.

Several Western states banned the bankers. Populist preacher William Jennings Bryan was thrice the Democratic nominee for President from 1896 -1908. The central theme of his anti-imperialist campaign was that America was falling into a trap of “financial servitude to British capital”. Teddy Roosevelt defeated Bryan in 1908, but was forced by this spreading populist wildfire to enact the Sherman Anti-Trust Act. He then went after the Standard Oil Trust.

Most Americans Don’t Know that the Federal Reserve Banks Are Private Corporations
In 1912 the Pujo hearings were held, addressing concentration of power on Wall Street. That same year Mrs. Edward Harriman sold her substantial shares in New York’s Guaranty Trust Bank to J.P. Morgan, creating Morgan Guaranty Trust. Judge Louis Brandeis convinced President Woodrow Wilson to call for an end to interlocking board directorates. In 1914 the Clayton Anti-Trust Act was passed.

Jack Morgan – J. Pierpont’s son and successor – responded by calling on Morgan clients Remington and Winchester to increase arms production. He argued that the US needed to enter WWI. Goaded by the Carnegie Foundation and other oligarchy fronts, Wilson accommodated. As Charles Tansill wrote in America Goes to War, “Even before the clash of arms, the French firm of Rothschild Freres cabled to Morgan & Company in New York suggesting the flotation of a loan of $100 million, a substantial part of which was to be left in the US to pay for French purchases of American goods.”

The House of Morgan financed half the US war effort, while receiving commissions for lining up contractors like GE, Du Pont, US Steel, Kennecott and ASARCO. All were Morgan clients. Morgan also financed the British Boer War in South Africa and the Franco-Prussian War. The 1919 Paris Peace Conference was presided over by Morgan, which led both German and Allied reconstruction efforts. [11]

In the 1930’s populism resurfaced in America after Goldman Sachs, Lehman Bank and others profited from the Crash of 1929. [12] House Banking Committee Chairman Louis McFadden (D-NY) said of the Great Depression, “It was no accident. It was a carefully contrived occurrence…The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all”.

Sen. Gerald Nye (D-ND) chaired a munitions investigation in 1936. Nye concluded that the House of Morgan had plunged the US into WWI to protect loans and create a booming arms industry. Nye later produced a document titled The Next War, which cynically referred to “the old goddess of democracy trick”, through which Japan could be used to lure the US into WWII.

In 1937 Interior Secretary Harold Ickes warned of the influence of “America’s 60 Families”. Historian Ferdinand Lundberg later penned a book of the exact same title. Supreme Court Justice William O. Douglas decried, “Morgan influence…the most pernicious one in industry and finance today.”

Jack Morgan responded by nudging the US towards WWII. Morgan had close relations with the Iwasaki and Dan families – Japan’s two wealthiest clans – who have owned Mitsubishi and Mitsui, respectively, since the companies emerged from 17th Century shogunates. When Japan invaded Manchuria, slaughtering Chinese peasants at Nanking, Morgan downplayed the incident. Morgan also had close relations with Italian fascist Benito Mussolini, while German Nazi Dr. Hjalmer Schacht was a Morgan Bank liaison during WWII. After the war Morgan representatives met with Schacht at the Bank of International Settlements (BIS) in Basel, Switzerland. [13]

The House of Rockefeller

BIS is the most powerful bank in the world, a global central bank for the Eight Families who control the private central banks of almost all Western and developing nations. The first President of BIS was Rockefeller banker Gates McGarrah- an official at Chase Manhattan and the Federal Reserve. McGarrah was the grandfather of former CIA director Richard Helms. The Rockefellers- like the Morgans- had close ties to London. David Icke writes in Children of the Matrix, that the Rockefellers and Morgans were just “gofers” for the European Rothschilds. [14]

BIS is owned by the Federal Reserve, Bank of England, Bank of Italy, Bank of Canada, Swiss National Bank, Nederlandsche Bank, Bundesbank and Bank of France.

Historian Carroll Quigley wrote in his epic book Tragedy and Hope that BIS was part of a plan, “to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole…to be controlled in a feudalistic fashion by the central banks of the world acting in concert by secret agreements.”

The US government had a historical distrust of BIS, lobbying unsuccessfully for its demise at the 1944 post-WWII Bretton Woods Conference. Instead the Eight Families’ power was exacerbated, with the Bretton Woods creation of the IMF and the World Bank. The US Federal Reserve only took shares in BIS in September 1994. [15]

BIS holds at least 10% of monetary reserves for at least 80 of the world’s central banks, the IMF and other multilateral institutions. It serves as financial agent for international agreements, collects information on the global economy and serves as lender of last resort to prevent global financial collapse.

BIS promotes an agenda of monopoly capitalist fascism. It gave a bridge loan to Hungary in the 1990’s to ensure privatization of that country’s economy. It served as conduit for Eight Families funding of Adolf Hitler- led by the Warburg’s J. Henry Schroeder and Mendelsohn Bank of Amsterdam. Many researchers assert that BIS is at the nadir of global drug money laundering. [16]

It is no coincidence that BIS is headquartered in Switzerland, favorite hiding place for the wealth of the global aristocracy and headquarters for the P-2 Italian Freemason’s Alpina Lodge and Nazi International. Other institutions which the Eight Families control include the World Economic Forum, the International Monetary Conference and the World Trade Organization.

Bretton Woods was a boon to the Eight Families. The IMF and World Bank were central to this “new world order”. In 1944 the first World Bank bonds were floated by Morgan Stanley and First Boston. The French Lazard family became more involved in House of Morgan interests. Lazard Freres- France’s biggest investment bank- is owned by the Lazard and David-Weill families- old Genoese banking scions represented by Michelle Davive. A recent Chairman and CEO of Citigroup was Sanford Weill.

In 1968 Morgan Guaranty launched Euro-Clear, a Brussels-based bank clearing system for Eurodollar securities. It was the first such automated endeavor. Some took to calling Euro-Clear “The Beast”. Brussels serves as headquarters for the new European Central Bank and for NATO. In 1973 Morgan officials met secretly in Bermuda to illegally resurrect the old House of Morgan, twenty years before Glass Steagal Act was repealed. Morgan and the Rockefellers provided the financial backing for Merrill Lynch, boosting it into the Big 5 of US investment banking. Merrill is now part of Bank of America.

John D. Rockefeller used his oil wealth to acquire Equitable Trust, which had gobbled up several large banks and corporations by the 1920’s. The Great Depression helped consolidate Rockefeller’s power. His Chase Bank merged with Kuhn Loeb’s Manhattan Bank to form Chase Manhattan, cementing a long-time family relationship. The Kuhn-Loeb’s had financed – along with Rothschilds – Rockefeller’s quest to become king of the oil patch. National City Bank of Cleveland provided John D. with the money needed to embark upon his monopolization of the US oil industry. The bank was identified in Congressional hearings as being one of three Rothschild-owned banks in the US during the 1870’s, when Rockefeller first incorporated as Standard Oil of Ohio. [17]

One Rockefeller Standard Oil partner was Edward Harkness, whose family came to control Chemical Bank. Another was James Stillman, whose family controlled Manufacturers Hanover Trust. Both banks have merged under the JP Morgan Chase umbrella. Two of James Stillman’s daughters married two of William Rockefeller’s sons. The two families control a big chunk of Citigroup as well. [18]

In the insurance business, the Rockefellers control Metropolitan Life, Equitable Life, Prudential and New York Life. Rockefeller banks control 25% of all assets of the 50 largest US commercial banks and 30% of all assets of the 50 largest insurance companies. [19] Insurance companies- the first in the US was launched by Freemasons through their Woodman’s of America- play a key role in the Bermuda drug money shuffle.

Companies under Rockefeller control include Exxon Mobil, Chevron Texaco, BP Amoco, Marathon Oil, Freeport McMoran, Quaker Oats, ASARCO, United, Delta, Northwest, ITT, International Harvester, Xerox, Boeing, Westinghouse, Hewlett-Packard, Honeywell, International Paper, Pfizer, Motorola, Monsanto, Union Carbide and General Foods.

The Rockefeller Foundation has close financial ties to both Ford and Carnegie Foundations. Other family philanthropic endeavors include Rockefeller Brothers Fund, Rockefeller Institute for Medical Research, General Education Board, Rockefeller University and the University of Chicago- which churns out a steady stream of far right economists as apologists for international capital, including Milton Friedman.

The family owns 30 Rockefeller Plaza, where the national Christmas tree is lighted every year, and Rockefeller Center. David Rockefeller was instrumental in the construction of the World Trade Center towers. The main Rockefeller family home is a hulking complex in upstate New York known as Pocantico Hills. They also own a 32-room 5th Avenue duplex in Manhattan, a mansion in Washington, DC, Monte Sacro Ranch in Venezuela, coffee plantations in Ecuador, several farms in Brazil, an estate at Seal Harbor, Maine and resorts in the Caribbean, Hawaii and Puerto Rico. [20]

The Dulles and Rockefeller families are cousins. Allen Dulles created the CIA, assisted the Nazis, covered up the Kennedy hit from his Warren Commission perch and struck a deal with the Muslim Brotherhood to create mind-controlled assassins. [21]

Brother John Foster Dulles presided over the phony Goldman Sachs trusts before the 1929 stock market crash and helped his brother overthrow governments in Iran and Guatemala. Both were Skull & Bones, Council on Foreign Relations (CFR) insiders and 33rd Degree Masons. [22]

The Rockefellers were instrumental in forming the depopulation-oriented Club of Rome at their family estate in Bellagio, Italy. Their Pocantico Hills estate gave birth to the Trilateral Commission. The family is a major funder of the eugenics movement which spawned Hitler, human cloning and the current DNA obsession in US scientific circles.

John Rockefeller Jr. headed the Population Council until his death. [23] His namesake son is a Senator from West Virginia. Brother Winthrop Rockefeller was Lieutenant Governor of Arkansas and remains the most powerful man in that state. In an October 1975 interview with Playboy magazine, Vice-President Nelson Rockefeller- who was also Governor of New York- articulated his family’s patronizing worldview, “I am a great believer in planning- economic, social, political, military, total world planning.”

But of all the Rockefeller brothers, it is Trilateral Commission (TC) founder and Chase Manhattan Chairman David who has spearheaded the family’s fascist agenda on a global scale. He defended the Shah of Iran, the South African apartheid regime and the Chilean Pinochet junta. He was the biggest financier of the CFR, the TC and (during the Vietnam War) the Committee for an Effective and Durable Peace in Asia- a contract bonanza for those who made their living off the conflict.

Nixon asked him to be Secretary of Treasury, but Rockefeller declined the job, knowing his power was much greater at the helm of the Chase. Author Gary Allen writes in The Rockefeller File that in 1973, “David Rockefeller met with twenty-seven heads of state, including the rulers of Russia and Red China.”

Following the 1975 Nugan Hand Bank/CIA coup against Australian Prime Minister Gough Whitlam, his British Crown-appointed successor Malcolm Fraser sped to the US, where he met with President Gerald Ford after conferring with David Rockefeller. [24]

*

Dean Henderson is the author of Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network and The Grateful Unrich: Revolution in 50 Countries. His Left Hook blog is at www.deanhenderson.wordpress.com

Notes

[1] 10K Filings of Fortune 500 Corporations to SEC. 3-91

[2] 10K Filing of US Trust Corporation to SEC. 6-28-95

[3] “The Federal Reserve ‘Fed Up’. Thomas Schauf. www.davidicke.com 1-02

[4] The Secrets of the Federal Reserve. Eustace Mullins. Bankers Research Institute. Staunton, VA. 1983. p.179

[5] Ibid. p.53

[6] The Triumph of Conservatism. Gabriel Kolko. MacMillan and Company New York. 1963. p.142

[7] Rule by Secrecy: The Hidden History that Connects the Trilateral Commission, the Freemasons and the Great Pyramids. Jim Marrs. HarperCollins Publishers. New York. 2000. p.57

[8] The House of Morgan. Ron Chernow. Atlantic Monthly Press NewYork 1990

[9] Marrs. p.57

[10] Democracy for the Few. Michael Parenti. St. Martin’s Press. New York. 1977. p.178

[11] Chernow

[12] The Great Crash of 1929. John Kenneth Galbraith. Houghton, Mifflin Company. Boston. 1979. p.148

[13] Chernow

[14] Children of the Matrix. David Icke. Bridge of Love. Scottsdale, AZ. 2000

[15] The Confidence Game: How Un-Elected Central Bankers are Governing the Changed World Economy. Steven Solomon. Simon & Schuster. New York. 1995. p.112

[16] Marrs. p.180

[17] Ibid. p.45

[18] The Money Lenders: The People and Politics of the World Banking Crisis. Anthony Sampson. Penguin Books. New York. 1981

[19] The Rockefeller File. Gary Allen. ’76 Press. Seal Beach, CA. 1977

[20] Ibid

[21] Dope Inc.: The Book That Drove Kissinger Crazy. Editors of Executive Intelligence Review. Washington, DC. 1992

[22] Marrs.

[23] The Rockefeller Syndrome. Ferdinand Lundberg. Lyle Stuart Inc. Secaucus, NJ. 1975. p.296

[24] Marrs. p.53

The original source of this article is Global Research

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