Tuesday, December 15, 2009
Monday, October 5, 2009
Our history in a nutshell...
During the past 5000 years the World has been under 17 different known empires averaging about 300 years each. The currently ruling Anglo-US empire is already 300 years old and has adopted the exacting hostility pattern towards imagined enemies in the World that all 16 of it's predecessors used before their down fall.
The Nobility in the current Anglo-US empire have grown selfish, run out of "steam", become megalomaniac and lost all interest to common good. If they do not change the Anglo-US empire will disappear like all before it as the wheels of justice are starting to turn...
Albert Einstein was spreading the knowledge of the most destructive power in human hands when he stated: “Compound interest was not only man’s greatest invention, but it is also the most powerful force on Earth!” He continued, "when you borrow money it works against you when you lend, it works for you".
The simple process of compounding interest has the power to change the world but so far over all the 16 past empires only the nobility had ever grasped the full meaning of this very simple math. This is the real reason for all the wars we fight.
With compounding interest and 300 years (the average age of the 17 empires) a bank collecting 5% interest on an imagined one dollar (US$ 1.00) loan will have US$ 2,273,996 after 300 years. If the interest rate is raised to a still normal 10% this bank would have US$ 2,617,010,996,188 or US$ 2.6 Trillion. If the bank would use the same predatory practices than the US credit card companies apply to all who fail to pay in time, the 29% interest they charge would cause our little dollar to grow to US$ 1.5*10^33, or a sum that forms when we write first the number 15... and then add 32 zeros.
This is what Einstein was telling but unfortunately only few have ever grasped the true power behind this short sentence.
The money lenders and the bankers can quickly gain a controlling stake in any economy or even the world if they are not controlled. For this reason the central banks must be brought under the control of the governments. A private bank should never be allowed to be in charge of any real economy. However, the US Federal Reserve Bank or FED, a totally private bank, is in charge of the US economy. It took almost 100 years lobbying to get the US goevrnment to yield and give the ownership to FED to a group of major private banks from Europe led by the Rothschild's banking empire to establish this FED in 1913. How many of government officials can claim that they have ever seen the books of this private bank?
It has escaped unnoticed to most people but the fact is that the US employment system is doing everything to break down the US families - a smart move for the Nobility of course. However, nobody seem to notice that the same Nobility is doing everything to enforce their own family ties and cooperation. Guess why?
The bankers of the Anglo-US group know the history better than anybody else. For whatever reason they unfortunately recognized the the emerging power in the East too late. Direct military attack was already out of question.
They had cultivated Israel to become their hammer and creator of local conflicts. However, this new treath was by far superior over Israel. It became suddenly such a powerhouse that the outcome of a direct conflict without knowing what Russia would do was too much to risk. Russia was not weak enough even after the West had "helped" them "out" from communism - the price of oil has risen too high and that has wrecked the master plan designed by the Anglo-US Nobility. But they had a reserve plan already in place.
About three decades ago this Nobility recogniozed that the era of supercomputers might give them a new golden age, like "SAMPO" in the Fijnnish folklores. This new tool might give them even more power than anything else imaginable.
Without delay ENRON became their laboratory. This US$ 100 billion company was put in play to develope an novel approach to all commodity, index and equity margin contracts of the world. This was done by betting daily items and groups against the others regardless their logical relationships. This led quickly to Enron's and US$ 32.8 billion capital loss - that was not a problem at all. The workers just became penniless when they lost their work and pensions that all were in Enron shares, after years of court drama the least guilty were jailed while the planners slipped behind the horizon.
This laboratory experiment was actually a huge success as it teached how to build a real over the entire financial system of the World! With this a totally new global derivatives game was born.
There is no logic why we need a US$ 600 TRILLION worth of derivatives to protect the global trade nor anything else. The Global Gross National Product is only US$ 60 TRILLION. The foreign trade is only a small percentage of this US$ 60 TRILLION.
This derivatives game has nothing to do in stealing trades from slower computers while they were executing them, like some claim that Goldman Sachs' doomsday machine was doing. We doubt that it bothered with this kind of money at all.. This game is something else totally different and still largely hidden out there. We know that the players are powerful as the Anglo-US legislative proccesses are paralyzed, incapable of doing anything to stop this game. Stopping it is simple: Force all contracts to open recognized trading platforms and then double, triple, quadruple, or whatever it takes the margin requirements - and a surprise the gambling money of about US$ 20 TRILLION will exit this game in no time at all and returns back to the banks and is suddenly available for ordinary lending.
Towards the end of their reign all these 17 empires have resorted to desperate military activities to support the Nobility. The military campaigns are aimed to maximum destgruction of all visible property to make it looking fair for all - bizzarre but this destruction is what te Nobility now wants!
When it all is over this Nobility still owns most of the productive land and as their money is always scattered around the world they just bring some of it back to restart their income engine.
Here is a bizarre example from Sweden, one of the most revered democracies in the world. Consaider moving e.g. to Stockholm. In Sweden buying a house or even an apartment is totally out of reach of the ordinary people. The Swedes have been let to believe that the right to live (rent) is the same as owning the house or the apartment. The Swedes are willing to pay for this right to live more than twice the price one can actually build any property to almost any luxury level. In the better locations in Stockholm this right to live (rent) can be bought for about SKr 100,000 per square meter or about US$ 10,000 per square meter. This meanst that the right to rent for a small apartment of 100 square meters (1,100 square feet) will cost US$ 1,000,000. If you do not have the cash you have to borrow the money and in addition to the banker you have to pay also rent for the actual owner of your new place. And guess waht, the Swedes see nothing wrong in this picture! Link to the original artcile in Swedish.
The Nobility in the current Anglo-US empire have grown selfish, run out of "steam", become megalomaniac and lost all interest to common good. If they do not change the Anglo-US empire will disappear like all before it as the wheels of justice are starting to turn...
Albert Einstein was spreading the knowledge of the most destructive power in human hands when he stated: “Compound interest was not only man’s greatest invention, but it is also the most powerful force on Earth!” He continued, "when you borrow money it works against you when you lend, it works for you".
The simple process of compounding interest has the power to change the world but so far over all the 16 past empires only the nobility had ever grasped the full meaning of this very simple math. This is the real reason for all the wars we fight.
With compounding interest and 300 years (the average age of the 17 empires) a bank collecting 5% interest on an imagined one dollar (US$ 1.00) loan will have US$ 2,273,996 after 300 years. If the interest rate is raised to a still normal 10% this bank would have US$ 2,617,010,996,188 or US$ 2.6 Trillion. If the bank would use the same predatory practices than the US credit card companies apply to all who fail to pay in time, the 29% interest they charge would cause our little dollar to grow to US$ 1.5*10^33, or a sum that forms when we write first the number 15... and then add 32 zeros.
This is what Einstein was telling but unfortunately only few have ever grasped the true power behind this short sentence.
The money lenders and the bankers can quickly gain a controlling stake in any economy or even the world if they are not controlled. For this reason the central banks must be brought under the control of the governments. A private bank should never be allowed to be in charge of any real economy. However, the US Federal Reserve Bank or FED, a totally private bank, is in charge of the US economy. It took almost 100 years lobbying to get the US goevrnment to yield and give the ownership to FED to a group of major private banks from Europe led by the Rothschild's banking empire to establish this FED in 1913. How many of government officials can claim that they have ever seen the books of this private bank?
It has escaped unnoticed to most people but the fact is that the US employment system is doing everything to break down the US families - a smart move for the Nobility of course. However, nobody seem to notice that the same Nobility is doing everything to enforce their own family ties and cooperation. Guess why?
The bankers of the Anglo-US group know the history better than anybody else. For whatever reason they unfortunately recognized the the emerging power in the East too late. Direct military attack was already out of question.
They had cultivated Israel to become their hammer and creator of local conflicts. However, this new treath was by far superior over Israel. It became suddenly such a powerhouse that the outcome of a direct conflict without knowing what Russia would do was too much to risk. Russia was not weak enough even after the West had "helped" them "out" from communism - the price of oil has risen too high and that has wrecked the master plan designed by the Anglo-US Nobility. But they had a reserve plan already in place.
About three decades ago this Nobility recogniozed that the era of supercomputers might give them a new golden age, like "SAMPO" in the Fijnnish folklores. This new tool might give them even more power than anything else imaginable.
Without delay ENRON became their laboratory. This US$ 100 billion company was put in play to develope an novel approach to all commodity, index and equity margin contracts of the world. This was done by betting daily items and groups against the others regardless their logical relationships. This led quickly to Enron's and US$ 32.8 billion capital loss - that was not a problem at all. The workers just became penniless when they lost their work and pensions that all were in Enron shares, after years of court drama the least guilty were jailed while the planners slipped behind the horizon.
This laboratory experiment was actually a huge success as it teached how to build a real over the entire financial system of the World! With this a totally new global derivatives game was born.
There is no logic why we need a US$ 600 TRILLION worth of derivatives to protect the global trade nor anything else. The Global Gross National Product is only US$ 60 TRILLION. The foreign trade is only a small percentage of this US$ 60 TRILLION.
This derivatives game has nothing to do in stealing trades from slower computers while they were executing them, like some claim that Goldman Sachs' doomsday machine was doing. We doubt that it bothered with this kind of money at all.. This game is something else totally different and still largely hidden out there. We know that the players are powerful as the Anglo-US legislative proccesses are paralyzed, incapable of doing anything to stop this game. Stopping it is simple: Force all contracts to open recognized trading platforms and then double, triple, quadruple, or whatever it takes the margin requirements - and a surprise the gambling money of about US$ 20 TRILLION will exit this game in no time at all and returns back to the banks and is suddenly available for ordinary lending.
Towards the end of their reign all these 17 empires have resorted to desperate military activities to support the Nobility. The military campaigns are aimed to maximum destgruction of all visible property to make it looking fair for all - bizzarre but this destruction is what te Nobility now wants!
When it all is over this Nobility still owns most of the productive land and as their money is always scattered around the world they just bring some of it back to restart their income engine.
Here is a bizarre example from Sweden, one of the most revered democracies in the world. Consaider moving e.g. to Stockholm. In Sweden buying a house or even an apartment is totally out of reach of the ordinary people. The Swedes have been let to believe that the right to live (rent) is the same as owning the house or the apartment. The Swedes are willing to pay for this right to live more than twice the price one can actually build any property to almost any luxury level. In the better locations in Stockholm this right to live (rent) can be bought for about SKr 100,000 per square meter or about US$ 10,000 per square meter. This meanst that the right to rent for a small apartment of 100 square meters (1,100 square feet) will cost US$ 1,000,000. If you do not have the cash you have to borrow the money and in addition to the banker you have to pay also rent for the actual owner of your new place. And guess waht, the Swedes see nothing wrong in this picture! Link to the original artcile in Swedish.
Saturday, February 14, 2009
The story of the greenhouse gases in the atmosphere may turn serious faster than anybody had imagined!
(The Galactic Times) Methane is found in large quantities as Methane Hydrate in relatively shallow sediment range in oceans generally between 300-500 meters. Outside this range it can become unstable - e.g. the Bermuda Triangle mystery. About 400 Gigatons of similar Carbon deposits are buried under Arctic tundra while no estimates exist for the resources for Antarctica. The estimated total reserves for methane hydrates range from 500 to 2,500 Gigatons. The serious question is what happens to the 400 Gigatons methane hydrate in Arctic when the earth gets warmer? Now this may have started to happen...
ScienceDaily (Dec. 18, 2008) — A team led by International Arctic Research Center scientist Igor Semiletov has found data to suggest that the carbon pool beneath the Arctic Ocean is leaking.
The results of more than 1,000 measurements of dissolved methane in the surface water from the East Siberian Arctic Shelf this summer as part of the International Siberian Shelf Study show an increased level of methane in the area. Geophysical measurements showed methane bubbles coming out of chimneys on the seafloor.
“The concentrations of the methane were the highest ever measured in the summertime in the Arctic Ocean,” Semiletov said. “We have found methane bubble clouds above the gas-charged sediment and above the chimneys going through the sediment.”
The new data indicates the underwater permafrost is thawing and therefore releasing methane. Permafrost can affect methane release in two ways. Both underwater and on land, it contains frozen organic material such as dead plants and animals. When permafrost thaws, that organic material decomposes, releasing gases like methane and carbon dioxide. In addition, methane, either in gas form or in ice-like methane hydrates, is trapped underneath the permafrost. When the permafrost thaws, the trapped methane can seep out through the thawed soil. Methane, a greenhouse gas 20 times more powerful than carbon dioxide, is thought to be an important factor in global climate change.
If the 400 Gigatons of methane hydrate under Arctic sea bed would really get freed the impact would be the same as an increase of CO2 by a factor of 20 in the atmosphere!
ScienceDaily (Dec. 18, 2008) — A team led by International Arctic Research Center scientist Igor Semiletov has found data to suggest that the carbon pool beneath the Arctic Ocean is leaking.
The results of more than 1,000 measurements of dissolved methane in the surface water from the East Siberian Arctic Shelf this summer as part of the International Siberian Shelf Study show an increased level of methane in the area. Geophysical measurements showed methane bubbles coming out of chimneys on the seafloor.
“The concentrations of the methane were the highest ever measured in the summertime in the Arctic Ocean,” Semiletov said. “We have found methane bubble clouds above the gas-charged sediment and above the chimneys going through the sediment.”
The new data indicates the underwater permafrost is thawing and therefore releasing methane. Permafrost can affect methane release in two ways. Both underwater and on land, it contains frozen organic material such as dead plants and animals. When permafrost thaws, that organic material decomposes, releasing gases like methane and carbon dioxide. In addition, methane, either in gas form or in ice-like methane hydrates, is trapped underneath the permafrost. When the permafrost thaws, the trapped methane can seep out through the thawed soil. Methane, a greenhouse gas 20 times more powerful than carbon dioxide, is thought to be an important factor in global climate change.
If the 400 Gigatons of methane hydrate under Arctic sea bed would really get freed the impact would be the same as an increase of CO2 by a factor of 20 in the atmosphere!
1967 Israel tried to sink the USS Liberty - Why did the USA allow this deliberate murder of her soldiers onboard this practically unarmed ship?
Still 40 years later we have not heard the answer from our government - but below is one more effort by BBC to find the facts that are held from us. Each new document brings us closer but what is holding our government from coming clean? Are we really so subservient for this mostly by the Russian Khazars occupied nation we call Israel?
Our politicians for sure seem to look for all answers to their problems from AIPAC, the only foreign lobbying organization that has free hands to lobby the US Congress. We all have even seen our leading politicians make pilgrimages to AIPAC offices before important elections. All the Presidential candidates were there too. Are they so insecure of themselves that they need AIPAC's blessing to everything - this is a shame!
Why do they believe that the 99% of all voters we represent here is too small to get them elected? Is the voting system as rigged as Joseph Stalin said proudly of the one he had in Russia. To say it politely, we are annoyed that AIPAC's members pull all the strings behind all of our prominent news organizations. The politicians should know that AIPAC does not pull the strings in the internet and this has proven to be free and extremely efficient as vote gathering tool! The politicians are telling us that we 99% majority have no impact, as only AIPAC's can get them elected and for that they are willing to warship, bow and crawl publicly in front of them all. With his being a fact we must ask ourselves: are Stalin's practices already embedded too deeply into our voting system, a present from the Russian Jews (or rather Khazars from Russia)?
Anyhow, during the Six-Day War, Israel attacked and nearly sank the USS Liberty belonging to us, her closest ally - the USA.
Thirty-four American servicemen were killed (murdered as they had no weapons) in the two-hour assault by Israeli warplanes and torpedo boats.
Israel claimed that the whole affair had been a tragic accident based on mistaken identification of the ship. "That is a bad joke", the survivors tell, "those bastards knew perfectly well that they were attacking an unarmed US Navy vessel". Unfortunately we had no weapons to defend ourselves - one can only ask why were we sent there without a support vessel close by? The big problem for the Israeli attackers was that they were not able to sink us to get us to disappear from the surface!
It was unbelievable but the American government accepted the Israeli explanation without any questions. With this our government made us liars, us who were her own soldiers onboard this ship during the attack!
For more than 30 years many people have disbelieved the official explanation but have been unable to rebut it convincingly. Now, Dead in the Water uses startling new evidence to reveal the truth behind the seemingly inexplicable attack. The film combines dramatic reconstruction of the events, with new access to former officers in the US and Israeli armed forces and intelligence services who have decided to give their own version of events.
Interviews include President Lyndon Johnson's Secretary of Defence Robert McNamara, former head of the Israeli navy Admiral Shlomo Errell and members of the USS Liberty crew.
Click here for the Video
Our politicians for sure seem to look for all answers to their problems from AIPAC, the only foreign lobbying organization that has free hands to lobby the US Congress. We all have even seen our leading politicians make pilgrimages to AIPAC offices before important elections. All the Presidential candidates were there too. Are they so insecure of themselves that they need AIPAC's blessing to everything - this is a shame!
Why do they believe that the 99% of all voters we represent here is too small to get them elected? Is the voting system as rigged as Joseph Stalin said proudly of the one he had in Russia. To say it politely, we are annoyed that AIPAC's members pull all the strings behind all of our prominent news organizations. The politicians should know that AIPAC does not pull the strings in the internet and this has proven to be free and extremely efficient as vote gathering tool! The politicians are telling us that we 99% majority have no impact, as only AIPAC's can get them elected and for that they are willing to warship, bow and crawl publicly in front of them all. With his being a fact we must ask ourselves: are Stalin's practices already embedded too deeply into our voting system, a present from the Russian Jews (or rather Khazars from Russia)?
Anyhow, during the Six-Day War, Israel attacked and nearly sank the USS Liberty belonging to us, her closest ally - the USA.
Thirty-four American servicemen were killed (murdered as they had no weapons) in the two-hour assault by Israeli warplanes and torpedo boats.
Israel claimed that the whole affair had been a tragic accident based on mistaken identification of the ship. "That is a bad joke", the survivors tell, "those bastards knew perfectly well that they were attacking an unarmed US Navy vessel". Unfortunately we had no weapons to defend ourselves - one can only ask why were we sent there without a support vessel close by? The big problem for the Israeli attackers was that they were not able to sink us to get us to disappear from the surface!
It was unbelievable but the American government accepted the Israeli explanation without any questions. With this our government made us liars, us who were her own soldiers onboard this ship during the attack!
For more than 30 years many people have disbelieved the official explanation but have been unable to rebut it convincingly. Now, Dead in the Water uses startling new evidence to reveal the truth behind the seemingly inexplicable attack. The film combines dramatic reconstruction of the events, with new access to former officers in the US and Israeli armed forces and intelligence services who have decided to give their own version of events.
Interviews include President Lyndon Johnson's Secretary of Defence Robert McNamara, former head of the Israeli navy Admiral Shlomo Errell and members of the USS Liberty crew.
Click here for the Video
Friday, February 13, 2009
In 1946 UK nationalized her Private Central Bank and now we must do the same to solve our Financial Crisis
(The Galactic Times) The incompetent left brained CEO's and their management teams created and financed our financial mess exactly the same way as W & his Neocon friends got us to the needless war in Iraq - through lying and deception. They thought that they can handle it and perhaps they will still get the military to take care of any problems that may arise. They have only one obstacle, W ids no more in office.
The constitution took care of W. On the banking side we do not have that limit. Protecting the taxpayer money from any further robbery by the banking barons is now the job of the Obama administration.
Since 1913 our Financial system is operated under FED. Note that Federal Reserve or FED is a private bank owned by US, West-European and Israeli (Khazar) wealthiest families. The real owners of FED are the following 10 (9) private banks: Rothschild Bank of London, Rothschild Bank of Berlin, Lazard Brothers of Paris, Israel Moses Seif Banks of Italy, Warburg Bank of Amsterdam, Warburg Bank of Hamburg, (Lehman Brothers of New York - now Bankrupt), Kuhn Loeb Bank of New York, Goldman Sachs of New York, Chase Manhattan Bank of New York.
One of the last things President John F. Kennedy did before he was assassinated was to declare his intention to reform the central banking system of the United States. No connection between these two events?
Congressman Louis McFadden, Chairman of the House Banking and Currency Committee from 1927-33, opposed the Federal Reserve System. There were three reported attempts on his life before he finally died of "heart failure." Here's what he said about the Federal Reserve from the floor of Congress: "Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over. This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the mal-administration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it."
President J. F. Kennedy was absolutely correct we must reform our banking system. He saw the 1929 as their making including the WW II and the enormous power this partially foreign entity had over all of our industries, the influence that was only growing. After him these same power players planned and put us through the first oil crisis, the "dot.com"-bubble, the Savings & Loans scandal, Iraq war, securitized mortgages, and now the incoming derivatives bubble and after that the sky high interest rates to bankrupt every person that has any loans to them. So far they have profited immensely and with these two remaining blows they likely plan to take over it all.
To move forward we must remove the head and the roots from this banking system and replace then all under the US Government control and cut every connection to their former owners. Our FED is supposed to be on the tax payers side, not on the side of foreign interest groups like it is now. To get there we must nationalize the FED and put it 100% under the US government. It will be the only institution to have the right to issue new money. The tax payer will not pay interest to any new money the government may need. We all know that whenever this is done by new legislation it is done at the expense of the value of our currency and it is up to Congress to decide if we must do it.
The Bank of England was nationalized in 1946, which might seem at first sight to be a far reaching measure, made little difference in practice. Yet, the state did acquire all the shares in the Bank of England -- they now belong to the Treasury and are held in trust by the Treasury Solicitor.
This is the route we should take also here in the USA. It may not change much at the beginning but it will cut the cozy cooperation between the FED and our financial and banking empires. The financial barons aided by FED stole US$ 700 billion directly from the taxpayers - and had the nerve not to keep records where this money went.
The indirect loses of this financial mess are already over US$ 4 Trillion. These banking barons are equally guilty criminals like the Neocons that got us into the war in Iraq and Afghanistan. They have even the nerve to claim without laughing that "Nobody could see any of these troubles to be on the way to us." Of course they did not see them they planned for them. And they are like President Clinton: It all depends on what the meaning of the word "is" is.
Did they mean that nobody of us the plebs, here down on the ground, could see any of it coming. What naivety is this? Everybody even half brained down here on earth knew exactly what was coming both with the housing bubble and the the war in Iraq but we could do nothing to prevent them! They created also the derivatives bubble that is still out there but starting to crash - and that is BIG!
Saying earlier anything against these issues in a public would have meant danger of becoming a terrorist sympathizer and for sure at least non patriotic and a person that for sure was working for some enemy somewhere.
What Citi & Co did by knowingly packaging the worthless mortgages into securities and selling them to unsuspecting foreigners was a "patriotic" for the Neocons as it brought fresh money to US but all this is money was created through several crimes - the largest being the cheating against the simplest and most vulnerable of the home buyers! Lying knowingly to steal money from others even in foreign countries is a crime in every country on this planet! Citi & Co did not worry of this as it was a Patriotic deed in the eyes of all the Neocons! Perhaps they got mesmerized by the Talmud law that they had recently learned from their new "masters" in the Middle-East.
In mid 90's Sweden nationalized it's banking system and threw every equally arrogant, incompetent and exuberantly paid manager out. Now their banking system is just fine led by the people who actually understand what banking is. As one major difference the past sweetheart deals to the "buddies" are now out. That "socialist" county is still running as strong as ever and the country's old and solidly private enterprise sector keeps on roaming the world as it has always done and is today even more competitive than ever. I would accept this part of their socialism any time here as it beats the banking system we have here in any open competition even if blindfolded and hands tied behind their backs.
As an interesting difference in their nationalized banking system the usury that we must pay here to all credit card companies if one has two late payments, even one minute each, after their due time are totally unknown. They would simply jail the whole management from this kind of credit card company.
The constitution took care of W. On the banking side we do not have that limit. Protecting the taxpayer money from any further robbery by the banking barons is now the job of the Obama administration.
Since 1913 our Financial system is operated under FED. Note that Federal Reserve or FED is a private bank owned by US, West-European and Israeli (Khazar) wealthiest families. The real owners of FED are the following 10 (9) private banks: Rothschild Bank of London, Rothschild Bank of Berlin, Lazard Brothers of Paris, Israel Moses Seif Banks of Italy, Warburg Bank of Amsterdam, Warburg Bank of Hamburg, (Lehman Brothers of New York - now Bankrupt), Kuhn Loeb Bank of New York, Goldman Sachs of New York, Chase Manhattan Bank of New York.
One of the last things President John F. Kennedy did before he was assassinated was to declare his intention to reform the central banking system of the United States. No connection between these two events?
Congressman Louis McFadden, Chairman of the House Banking and Currency Committee from 1927-33, opposed the Federal Reserve System. There were three reported attempts on his life before he finally died of "heart failure." Here's what he said about the Federal Reserve from the floor of Congress: "Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over. This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the mal-administration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it."
President J. F. Kennedy was absolutely correct we must reform our banking system. He saw the 1929 as their making including the WW II and the enormous power this partially foreign entity had over all of our industries, the influence that was only growing. After him these same power players planned and put us through the first oil crisis, the "dot.com"-bubble, the Savings & Loans scandal, Iraq war, securitized mortgages, and now the incoming derivatives bubble and after that the sky high interest rates to bankrupt every person that has any loans to them. So far they have profited immensely and with these two remaining blows they likely plan to take over it all.
To move forward we must remove the head and the roots from this banking system and replace then all under the US Government control and cut every connection to their former owners. Our FED is supposed to be on the tax payers side, not on the side of foreign interest groups like it is now. To get there we must nationalize the FED and put it 100% under the US government. It will be the only institution to have the right to issue new money. The tax payer will not pay interest to any new money the government may need. We all know that whenever this is done by new legislation it is done at the expense of the value of our currency and it is up to Congress to decide if we must do it.
The Bank of England was nationalized in 1946, which might seem at first sight to be a far reaching measure, made little difference in practice. Yet, the state did acquire all the shares in the Bank of England -- they now belong to the Treasury and are held in trust by the Treasury Solicitor.
This is the route we should take also here in the USA. It may not change much at the beginning but it will cut the cozy cooperation between the FED and our financial and banking empires. The financial barons aided by FED stole US$ 700 billion directly from the taxpayers - and had the nerve not to keep records where this money went.
The indirect loses of this financial mess are already over US$ 4 Trillion. These banking barons are equally guilty criminals like the Neocons that got us into the war in Iraq and Afghanistan. They have even the nerve to claim without laughing that "Nobody could see any of these troubles to be on the way to us." Of course they did not see them they planned for them. And they are like President Clinton: It all depends on what the meaning of the word "is" is.
Did they mean that nobody of us the plebs, here down on the ground, could see any of it coming. What naivety is this? Everybody even half brained down here on earth knew exactly what was coming both with the housing bubble and the the war in Iraq but we could do nothing to prevent them! They created also the derivatives bubble that is still out there but starting to crash - and that is BIG!
Saying earlier anything against these issues in a public would have meant danger of becoming a terrorist sympathizer and for sure at least non patriotic and a person that for sure was working for some enemy somewhere.
What Citi & Co did by knowingly packaging the worthless mortgages into securities and selling them to unsuspecting foreigners was a "patriotic" for the Neocons as it brought fresh money to US but all this is money was created through several crimes - the largest being the cheating against the simplest and most vulnerable of the home buyers! Lying knowingly to steal money from others even in foreign countries is a crime in every country on this planet! Citi & Co did not worry of this as it was a Patriotic deed in the eyes of all the Neocons! Perhaps they got mesmerized by the Talmud law that they had recently learned from their new "masters" in the Middle-East.
In mid 90's Sweden nationalized it's banking system and threw every equally arrogant, incompetent and exuberantly paid manager out. Now their banking system is just fine led by the people who actually understand what banking is. As one major difference the past sweetheart deals to the "buddies" are now out. That "socialist" county is still running as strong as ever and the country's old and solidly private enterprise sector keeps on roaming the world as it has always done and is today even more competitive than ever. I would accept this part of their socialism any time here as it beats the banking system we have here in any open competition even if blindfolded and hands tied behind their backs.
As an interesting difference in their nationalized banking system the usury that we must pay here to all credit card companies if one has two late payments, even one minute each, after their due time are totally unknown. They would simply jail the whole management from this kind of credit card company.
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