Fresh off of the 2008 Bilderberg Meeting, it looks as if New York Federal Reserve president Timothy Geithner is set to push a new agenda in the world of central banking that was likely decided upon at Bilderberg. Geithner yesterday, wrote an article in the Financial Times calling for a global regulatory banking framework. In addition, Geithner called for the Federal Reserve to have an instrumental role in this new framework. Geithner cites all of the problems that were actually created by the central bankers in the first place as the rationale for having greater centralized power. It is interesting Geithner decides to write this piece right after the Bilderberg Meeting where some of the most powerful figures in the world of central banking attended. Not only did Geithner attend, but the attendee list included Ben Bernanke the Federal Reserve Chairman, Henry Paulson the U.S. Treasury Secretary, Jean-Claude Trichet the president of the European Central Bank, Robert Zoellick the president of the World Bank and other high profile bankers. With the who’s who of central banking attending the Bilderberg Meeting, it is highly unlikely that what Geithner is proposing in his Financial Times article was not discussed at the Bilderberg Meeting. It is no secret that the true objective of the Bilderberg Meeting is to steer the world into accepting a global government. By establishing a new global regulatory banking framework, this will inch the planet ever closer to a one world currency operating in a cashless society where microchips are used to facilitate transactions. Make no mistake about it, this system will not be good, because it will be controlled by a bunch of criminal psychopaths like the one’s who attended the 2008 Bilderberg Meeting.
In his Financial Times article, Geithner wrote the following:
The institutions that play a central role in money and funding markets – including the main globally active banks and investment banks – need to operate under a unified framework that provides a stronger form of consolidated supervision, with appropriate requirements for capital and liquidity. To complement this, we need to put in place a stronger framework of oversight authority over the critical parts of the payments system – not just the established payments, clearing and settlements systems, but the infrastructure that underpins the decentralised over-the-counter markets.
Because of its primary responsibility for the stability of the overall financial system, the Federal Reserve should play a central role in such a framework, working closely with supervisors in the US and in other countries. At present the Fed has broad responsibility for financial stability not matched by direct authority and the consequences of the actions we have taken in this crisis make it more important that we close that gap.
Finally, we need a stronger capacity to respond to crises. The Fed has put in place a number of innovative new facilities that have helped ease liquidity strains. We plan to leave these in place until conditions in money and credit markets have improved substantially.
What Geithner is proposing is entirely insane but this is the same tactic that the financial elites used to establish the Federal Reserve back in 1913. They created a crisis and said that the crisis happened because they didn’t have enough power to prevent it. The Panic of 1907 which was used to justify the passage of the Federal Reserve Act was actually caused by JP Morgan and assorted elite financial interests. They did this so they could use the crisis as an excuse to centralize their control and power over the banking system. Through the Federal Reserve, banks were finally consolidated under its umbrella through the Great Depression which was deliberately caused by the tight monetary policies implemented the central bank. Throughout the 1920s money was made plentiful, but following the stock market crash of 1929, the Federal Reserve tightened the money supply which put hundreds of community banks out of business and allowed the central bankers to consolidate control over the nation’s banking system.
Geithner is using the excuse of the current financial crisis that was caused by the Federal Reserve and the world’s assorted central banks in order to again consolidate more power for the banking cartel. It is simply history repeating itself, only this time it is on a much larger scale.
Below is another blurb taken from Geithner’s Financial Times piece:
Since last summer, we have lived through a severe and complex financial crisis. Why was the financial system so fragile? What can be done to make the system more resilient in the future?
The world experienced a financial boom. The boom fed demand for risk. Products were created to meet that demand, including risky, complicated mortgages. Many assets were financed with significant leverage and liquidity risk and many of the world’s largest financial institutions got themselves too exposed to the risk of a global downturn. The amount of long-term illiquid assets financed with short-term liabilities made the system vulnerable to a classic type of run. As concern about risk increased, investors pulled back, triggering a self-reinforcing cycle of forced liquidation of assets, higher margin requirements, increased volatility.
What Geithner doesn’t say in his article is that the current global financial crisis was caused by the Federal Reserve and the world’s various central banks. Alan Greenspan intentionally set interest rates at incredibly low levels after the 9/11 attacks. This encouraged lenders to lend out money using all sorts of creative financing packages. It also encouraged borrowers to borrow money from the lenders because of the cheaper money. These policies lead to the continued devaluation of the U.S. Dollar and the U.S. housing crisis which have been the main drivers behind most of the economic problems we are currently seeing.
Geithner wants us to believe that giving the Federal Reserve and the rest of this private banking system more power is what’s needed to resolve all of the economic problems that were caused by the central bankers themselves. How stupid does Geithner and the rest of the global elite think we are? We have a historical track record of central bankers creating economic problems and bringing in phony solutions to expand their control. We need decentralization and free markets to resolve the economic problems that have been created by these people, not more centralized power.
If all of this wasn’t bad enough, Jim Tucker from the American Free Press speaking on the Alex Jones show today stated that one of his Bilderberg sources revealed to him that the global elite are planning to push forward their cashless society grid agenda with the use of implantable microchips. The implantable microchips would be sold as a way for people to easily move through the militarized control grid that they’ve setup via the bogus terror war. Tucker also mentioned that we would see the media hyping the phony terror war and specifically the phony “white Al-Qaeda terror threat” as a way for them to continue the justification of the enslavement grid. Assuming Tucker’s Bilderberg source is providing accurate information, this agenda that Geithner is pushing in his Financial Times article is right in line with their well documented plans to get rid of cash. The central bankers would need a global regulatory framework for the banking system so they can move closer to a global currency operating in a cashless society.
This is some incredibly scary stuff. Of course there was not one word of the 2008 Bilderberg Meeting in any major U.S. media outlets. The corporate controlled media maintained a blackout on any coverage of this incredibly important yearly meeting of the global elite. It is pathetic when citizen journalists like the ones at InfoWars, PrisonPlanet and RogueGovernment provide the best coverage of what is one of the most important geopolitical meetings of the year. Either way, the commentary from Geithner as well as the information from Tucker’s Bilderberg source seems to indicate that the global elite are getting ready to further centralize the banking system in order to establish their one world cashless society grid. These criminals must be exposed and their system of global corruption and tyranny must be defeated. Let’s tell these b****** that they can take their cashless society grid and their implantable microchips where the sun don’t shine.
_________________ "The conflict between corporations and activists is that of narcolepsy versus remembrance. The corporations have money, power and influence. Our sole influence is public outrage. Extract from "Cloud Atlas (page 125) by David Mitchell.
Time overdue for a world currency
by Hossein Askari and Noureddine Krichene Jun 6, 2008
The world economy is suffering from high inflation, stemming from overly expansionary monetary policy in the United States, as indicated by negative real interest rates and the rapidly depreciating dollar. Low interest rates discourage savings, reduce bond yields and cause investors to seek higher yields in speculative commodities and foreign currency markets. Consequently, energy and food prices have exploded to levels threatening social and economic upheavals.
Oil prices, by climbing from US$20 a barrel in 2001 to $135 barrel in May this year, illustrate the extent of the dollar's depreciation and interest rates distortions. Whereas a $100 bill would have bought five barrels of oil in 2001, now it buys only 0.74 barrel, losing approximately 85% of its real value.
Inflation imposes a heavy tax burden on dollar holders, cuts
disproportionately the real incomes of workers and pensioners, redistributes wealth in favor of debtors at the expense of creditors, and stifles economic growth.
Given that the US dollar accounted for 41% of total international reserves at the end of 2007, (against 17% for euros), its fast depreciation makes it a risky asset for holders and could lead to a run from the dollar toward more stable currencies or more stable assets, such as gold, commodities, real estate and safer financial assets. A flight from the dollar could create a liquidity crisis, in turn disrupting international trade and world economic growth. Oil and food exporters, wary of the rapidly depreciating value of their foreign exchange reserves, would be induced to curtail exports, with attendant consequences for the real world economy.
The current inflationary episode is neither novel nor surprising, but its severity could prove to be exceptional and it could last for some time. Indeed, following the collapse of the gold standard in 1914, the world economy became vulnerable to recurrent monetary disruptions stemming from expansionary monetary policies in reserve currency centers, suffering deep contractions in trade and economic growth, most notably the Great Depression.
The present monetary conditions are similar in many respects to the ones that prevailed in the 1930s. Major reserve currency countries, now and then, fearing domestic recession and unemployment, were reluctant to contract monetary policy and incurred large balance of payments deficits, followed by competitive devaluations, speculative attacks and inflationary spirals.
In spite of the Bretton-Woods Agreement and successive reforms of the international financial system, a main deficiency of the post-1914 system remained the absence of monetary discipline and ultimately a reserve anchor (formerly gold) for monetary policy in reserve centers.
In this regard, the dollar and sterling, by becoming reserve currencies in the context of the 1922 Genoa (Italy) agreement, expanded monetary liquidity freely through protracted balance of payments deficits, until reaching non-convertibility with gold in September 1931 for sterling and August 1971 for the US dollar. Under the post-1914 mechanisms, known as the gold exchange standard, Bretton-Woods fixed parities, and flexible exchange rate systems, a reserve center was able to run extended balance of payments deficits without loosing foreign reserves, until market forces imposed a disorderly and costly adjustment, including widespread trade barriers and restrictions.
Frequent and drawn-out financial upheavals of the world economy led to the formulation of bold proposals for reforms of the international payments system, such as by John Maynard Keynes (1943), Robert Triffin (1960), Jacques Rueff (1963), Franco Modigliani and Askari (1971), and most recently Robert Mundell and Paul Volcker (2000). While the proposals varied in details, they shared broadly a common objective, namely safeguarding the world economy against disruptive financial instability and a common reserve currency, called bancor by Keynes, Fund (International Monetary Fund - IMF) deposits by Triffin, a reserve asset with constant purchasing power in terms of a basket of commodities (Modigliani and Askari), or purely restoring gold by Rueff.
A number of the proposals called for establishing a central bank for central banks, which for Triffin would be the IMF.
The consequences of the financial instability of the 1930s were most onerous and may have contributed to subsequent wars. The world economy is becoming increasingly globalized and financial markets are becoming increasingly integrated. However, with fully flexible exchange rates, combined with disorderly monetary expansion in the reserve centers, the world economy has now become more vulnerable to financial instability than at any time before.
Early warnings, such as rapidly rising inflation, tight oil markets and food riots, call for decisive reform of the international payments system. Reverting to beggar-thy-neighbor policies between major currency centers and emerging economic powers can become very costly to the world economy. While drawing lessons from shortcomings of past reforms is essential, a reform plan may evolve around three pillars: create a world central bank, create a world currency, and establish safeguards for member countries' monetary policy in the form of quantitative ceilings for money growth.
A world central bank is becoming a necessity in a global economy. Such an independent central bank, not subject to the political whims of a particular government, would be more likely to apply orthodox and safe central banking. Contrary to any country's central bank, a world central bank would have no obligation to accommodate budgetary deficits, war spending, domestic wage and price rigidities, speculative asset bubbles, or rescue ailing domestic banks. Its law should be as meticulously applied as any constitutional law of a Western democracy.
Most important, as prescribed by Triffin, little discretion should be allowed for this central bank in the conduct of its mandate. Namely, its reserve currency growth should never exceed fixed annual ceilings, and its operations, resembling those of any central bank (rediscount, open market, lending and so forth) should be strictly regulated.
Second, a world central bank would create a reserve currency, not be a fictitious unit account such as the IMF's Special Drawing Right (SDR), but a true legal tender represented by a currency bill, the same as a dollar, euro, sterling, or any other currency bill. Rueff was a strong proponent for a gold standard. Recently, Mundell maintained that gold could be used as a reserve asset in a reformed international monetary system for the 21st century.
While there are many schemes for introducing a common currency, as in the case of a common currency area (for example the euro), the easiest is to define a world currency in terms of gold (or preferably in terms of a selected basket of internationally trade commodities as the reserve currency would have a more stable purchasing power), as gold has possessed over the centuries the characteristic of money instead of any other commodity or paper money.
Once defined in terms of gold, its value will remain fixed and will be preserved through strict laws controlling its issuance, including quantitative annual ceilings that can never be exceeded. The world currency note will circulate along with national currencies, serve as a reserve asset, and become part of the international payments system.
By becoming a full-fledged reserve asset, a world currency would cushion the real value of international reserves against inflationary policies of reserve currency centers and wide fluctuations in exchange rates. It would restrain extended balance of payments deficits of currency centers, and may contribute significantly to promoting financial stability and sustained world economic and trade growth.
A third area for a world monetary reform is mandatory monetary discipline in member countries. While member countries in the euro zone have fully surrendered monetary sovereignty to the European Central Bank, reserve currency centers may have to surrender partially, not totally, their monetary prerogatives to a world central bank. Most indicated safeguards would be to establish rigorous annual ceilings on money supply not exceeding 5% a year (or a fixed multiple of a country's holdings of the constant purchasing power reserve currency above).
Observing this law would be like observing the constitutional law of electing a US president for a four-year term. As constitutional laws have ruled over two centuries in the US and have preserved economic and political freedom, similar laws have to prevail in a monetary area to reduce discretionary powers of central bankers and attain monetary stability.
Monetary instability has had serious consequences at the national as well as world levels. Promoting safeguards for monetary stability and surrendering part of the monetary sovereignty to a world central bank would be necessary for checking selfish policies and eradicating root causes of monetary instabilities.
Previous reforms of the world monetary system, as well as negotiations under the General Agreement on Tariffs and Trade (predecessor to the World Trade Organization), were very slow and moved under forced conditions rather than through a planned and organized process. Often, conflicts of national interests undermined these reforms or severely limited their scope.
With long strides in trade liberalization, the formation of a monetary zone in Europe, and globalization of the world economy, it is hoped that progress in monetary cooperation will be easier now than in the past. The present system of flexible exchange rates and unchecked money expansion by reserve centers could turn into monetary chaos and disrupt trade and economic stability. Progress achieved in 1980-2000 against inflation has been wiped out by current expansionary policies in major reserve centers and has created unmanageable difficulties in oil and food markets.
It will be important, at the level of the United Nations, the IMF and world governments, to move as quickly as possible in redressing the prevailing monetary chaos and initiating a reform process for a world central bank, most likely the IMF, and the creation of a world reserve currency.
Standing put in the face of mounting inflation and financial disorder would inflict costly stagflation, contraction in trade and disorderly oil and food markets. Allowing a free hand for central bankers in waging monetary warfare, or pursuing exclusively domestic full employment irrespective of inflation and external imbalance, could be even more costly for the world economy than the monetary anarchy of the 1930s.
Without establishing a full-fledged world central bank, world currency and safeguards for reserve centers' monetary policy, any reform of the international financial system will suffer the same shortcomings as the successive regimes that prevailed in the post-1914 period.
Hossein Askari is professor of international business and international affairs at George Washington University. Noureddine Krichene is an economist at the International Monetary Fund and a former advisor, Islamic Development Bank, Jeddah.
(Copyright 2008 Asia Times Online (Holdings) Ltd. All rights reserved. Please contact us about sales, syndication and republishing.)
It looks like we are learning what the Bilderbergers were up to last week!!!
http://infowars.net/articles/june2008/090608Bilderberger.htm _________________ "The conflict between corporations and activists is that of narcolepsy versus remembrance. The corporations have money, power and influence. Our sole influence is public outrage. Extract from "Cloud Atlas (page 125) by David Mitchell.
When you strip away the complex language you are left with:
The bankers created the mess and now the bankers want to stop it happening again by having more power and control over the finance systems of the entire world.
Brilliant!
For example:
April 2008: IMF says UK house prices are 30% overpriced.
And then what happened ? _________________ The Medium is the Massage - Marshall McLuhan.
Even more significant is the increased power given to the international financial institutions, the World Bank and the International Monetary Fund, who have been subcontracted by the G20 to monitor and run many of their policies.
IMF managing director Dominique Strauss Kahn was jubilant after the meeting, saying that the IMF "is now truly back."
The IMF's image had been tarnished during the Asian financial crisis and, until the current crisis came to a head, there had been fears that the organisation was losing its relevance.
Mr Strauss-Kahn was particularly enthusiastic about the plan for the IMF to issue $250bn worth of its own currency, the SDR, saying this was the first step on the IMF issuing its own liquity as well as being a lender of last resort - the two key functions of a world central bank.
Joined: 10 Dec 2005 Posts: 2017 Location: Croydon, Surrey
Posted: Fri Apr 03, 2009 8:21 pm Post subject:
Quote:
Mr Strauss-Kahn was particularly enthusiastic about the plan for the IMF to issue $250bn worthof its own currency, the SDR, saying this was the first step on the IMF issuing its own liquity as well as being a lender of last resort - the two key functions of a world central bank.
This 'own currency' detail could be a very significant development.
See this extract from 'The Protocols Of The Learned Elders Of Zion':
Chapter XXI
11. We shall replace the money markets by grandiose government credit institutions, the object of which will be to fix the price of industrial values in accordance with government views. These institutions will be in a position to fling upon the market five hundred millions of industrial paper in one day, or to buy up for the same amount. In this way all industrial undertakings will come into dependence upon us. You may imagine for yourselves what immense power we shall thereby secure for ourselves ....
Joined: 10 Dec 2005 Posts: 2017 Location: Croydon, Surrey
Posted: Fri Apr 03, 2009 8:33 pm Post subject:
This follows a verse about the 'destruction of the financial markets, by the way. Here it is:
10. When we ascend the throne of the world all these financial and similar shifts, as being not in accord with our interests, will be swept away so as not to leave a trace, as also will be destroyed all money markets, since we shall not allow the prestige of our power to be shaken by fluctuations of prices set upon our values, which we shall announce by law at the price which represents their full worth without any possibility of lowering or raising. (Raising gives the pretext for lowering, which indeed was where we made a beginning in relation to the values of the GOYIM).
Everyone should read over the Protocols many times. It appears to be a blueprint for gaining total global control and......
.......amazingly......
.......it describes, to the letter, what is going on before our very eyes...and.....
.......amazingly.......
........there is a very powerful social taboo in place that prevents people from reading, never mind talking about, the one document that might allow us to fully understand our plight and fight effectively to save ourselves from the malignant machinations of these ruling fiends, only some of whom are Jews.
Joined: 25 Jul 2005 Posts: 18335 Location: St. Pauls, Bristol, England
Posted: Sat Apr 04, 2009 1:43 am Post subject:
kbo234 wrote:
........there is a very powerful social taboo in place that prevents people from reading, never mind talking about, the one document that might allow us to fully understand our plight and fight effectively to save ourselves from the malignant machinations of these ruling fiends, only some of whom are Jews.
Joined: 10 Dec 2005 Posts: 2017 Location: Croydon, Surrey
Posted: Sat Apr 04, 2009 8:06 am Post subject:
TonyGosling wrote:
........totally unreliable document and a tenuous connection here I think.
Why is it "totally unreliable"? Because someone has insisted it is a forgery?
And who would that be then?
It is certainly a REAL document.
The only question is whether it was written by a Czarist genius (who was trying to discredit 'The Jews' in Russia) or a Zionist Jewish banking genius.
It is true that much of the peripheral language of the document is full of hate and contempt for the 'goyim' (i.e. us).......but so is the Talmud, if anyone has bothered to read it. So are selected sayings of people like Sharon, Begin and Golda Meir. This is indisputable.
So I know who my money is on.
Henry Makow, himself Jewish (albeit one who has turned to Christianity) has written extensively about the Protocols. He emphasises their importance and names the probable author. Alexander Solzynitsyn also thought the document genuine and produced many writings about it.
......but all this is not the point.
The Protocols do decribe society as it is today and also how we got here.
It is, as Makow asserts, a blueprint for a 'New World Order'.
The method for control of society by the mass media (before there really was such a thing) is laid out in detail. What foresight. Did Lucifer himself lend a hand?
The agenda of destroying nationalism, religion and family is laid out also. These agendas are clearly being implemented right now and for decades past.
The method of expanding the power of the financial oligarchs by creating wars, engineering collapses and enslaving everyone after these disasters through debt is presented in detail.
Our current calamity (the withdrawal of credit) is described in Protocols 20 and 21 under headings "We Destroy Capital", "We Cause Depressions", "Gentile States Bankrupt" and "The Tyranny Of Usury".
The replacement of financial markets and various centres of capitalism by a SINGLE central power is right there also.
Is this not what has just begun to happen by allowing the IMF to create and distribute its own money?
READ the document again and then tell us it is totally unreliable. It baffles me that a 9/11 activist who understands the depths of the deception and control that some remote authority is exerting over this society should not take a document such as this extremely seriously.
Are we expected to be so blinded and terrified by the 'anti-semitic' meme.
If Christ returned today he would, in a spirit of love, again, go the Jews and try to convince them to turn away from their religious leadership whose teachings are false and whose God is Lucifer.
The 'gentile Talmudists', the Freemasons, would surely be similarly addressed.
He would surely again deal savagely with the moneylenders ( to whom talking is pointless).
Why people who are supposed to take the teachings of Christ seriously (i.e. the Churches) are not saying these things today is quite baffling.
Maybe they are as intimidated by the possibility of the charge of 'anti-semitism' as you are Tony.
Anyone who loves Jewish people should not betray them by silence on these matters during these critical and dangerous days.
International Institutions and Global Governance Program
World Order in the 21st Century
A New Initiative of the Council on Foreign Relations
The Council on Foreign Relations (CFR) has launched a comprehensive five-year program on international institutions and global governance. The purpose of this cross-cutting initiative is to explore the institutional requirements for world order in the twenty-first century. The undertaking recognizes that the architecture of global governance—largely reflecting the world as it existed in 1945—has not kept pace with fundamental changes in the international system, including but not limited to globalization. Existing multilateral arrangements thus provide an inadequate foundation for addressing today’s most pressing threats and opportunities and for advancing U.S. national and broader global interests. The program seeks to identify critical weaknesses in current frameworks for multilateral cooperation; propose specific reforms tailored to new global circumstances; and promote constructive U.S. leadership in building the capacities of existing organizations and in sponsoring new, more effective regional and global institutions and partnerships. This program is made possible by a generous grant from the Robina Foundation.
The program draws on the resources of CFR’s David Rockefeller Studies Program to assess existing regional and global governance mechanisms and offer concrete recommendations for U.S. policymakers on specific reforms needed to improve their performance, both to advance U.S. national interests and to ensure the provision of critical global public goods. The program will take an issue area approach, focusing on arrangements governing state conduct and international cooperation in meeting four broad sets of challenges:
(1) Countering Transnational Threats, including terrorism, proliferation of weapons of mass destruction, and infectious disease;
(2) Protecting the Environment and Promoting Energy Security;
(3) Managing the Global Economy; and
(4) Preventing and Responding to Violent Conflict. In each of these spheres, the program will consider whether the most promising framework for governance is a formal organization with universal membership (e.g., the United Nations); a regional or sub-regional organization; a narrower, informal coalition of like-minded countries; or some combination of all three. Building on these issue-area investigations, the program will also consider the potential to adapt major bedrock institutions (e.g., the UN, G8, NATO, IMF) to meet today’s challenges, as well as the feasibility of creating new frameworks. It will also address the participation of non-state actors.
The program falls squarely within CFR’s historic mission as an independent, nonpartisan membership organization, think tank, and publisher dedicated to being a resource for its members, government officials, business executives, journalists, educators and students, civic and religious leaders, and other interested citizens in order to help them better understand the world and the foreign policy choices facing the United States and other countries. In fulfilling its mandate, the program draws on the CFR’s unique attributes as a premier think tank on matters of foreign policy; as a prominent forum for convening American and international statesmen and opinion leaders; and as a platform for forging bipartisan consensus on the priorities, terms, and conditions of the nation’s global engagement. Throughout its activities, CFR will engage stakeholders and constituencies in the United States and abroad, including governments, non-governmental organizations (NGOs), civil society representatives, and the private sector, whose input and endorsement are critical to ensure the appropriateness and feasibility of any institutional reforms. The program is led by Senior Fellow Stewart Patrick. This concept note summarizes the rationale for the program, describes potential areas of research and policy engagement, and outlines the envisioned products and activities. We believe that the research and policy agenda outlined here constitutes a potentially significant contribution to U.S. and international deliberations on the requirements for world order in the twenty-first century.
READ the document again and then tell us it is totally unreliable. It baffles me that a 9/11 activist who understands the depths of the deception and control that some remote authority is exerting over this society should not take a document such as this extremely seriously.
It baffles me that anyone can hold on to a 2000 year old conspiracy theory whilst at the same time working all hours to expose an 8 year old one! The Protocols will always be trashed - no point going there - better to read the Daily Mail of 1933 to see just how the Zionists got such a bad press!
http://www.scribd.com/doc/3743372/Judea-Declares-War-on-Germany-1933
Quote:
Are we expected to be so blinded and terrified by the 'anti-semitic' meme.
Certainly not - it is a worn-out, utterly discredited and blunted weapon following the Palestinian genocide. Mere 'psychobabble', to use an Eco semiotic.
It needs pointing out at every possible juncture - that the majority of Palestinians are themselves Semites, and as Shlomo Zand has discovered, the majority of Zionists are Khazars!
The '2000-year-old conspiracy theory' is not the point. It is unprovable and undisprovable.
Not true. I would refer you once again to the Gnostics vis-a-vis Constantine - THIS is the 2000 year old conspiracy, yet to be resolved but entirely 'resolvable', as is 9/11.
Quote:
Why else would a controlling elite so determinedly establish and enforce this taboo other than that a widespread public awareness of the issue might be very detrimental to their interests.
The PTB/Status Quo/Psychopathy, in each case, is the issue. ;-)
Quote:
The gospel of Thomas implies 'Christ Consciousness' can be lived by anyone
Terminology aside, a sincere 'Amen' to that!
Good to see you lightening up, kbo ;-) _________________ "We will lead every revolution against us!" - attrib: Theodor Herzl
"Timely Demise to All Oppressors - at their Convenience!" - 'Interesting Times', Terry Pratchett
Following the 2009 G20 summit, plans were announced for implementing the creation of a new global currency to replace the US dollar’s role as the world reserve currency. Point 19 of the communiqué released by the G20 at the end of the Summit stated, “We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity.” SDRs, or Special Drawing Rights, are “a synthetic paper currency issued by the International Monetary Fund.” As the Telegraph reported, “the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.”[1]
The article continued in stating that, “There is now a world currency in waiting. In time, SDRs are likely to evolve into a parking place for the foreign holdings of central banks, led by the People's Bank of China.” Further, “The creation of a Financial Stability Board looks like the first step towards a global financial regulator,” or, in other words, a global central bank.
It is important to take a closer look at these “solutions” being proposed and implemented in the midst of the current global financial crisis. These are not new suggestions, as they have been in the plans of the global elite for a long time. However, in the midst of the current crisis, the elite have fast-tracked their agenda of forging a New World Order in finance. It is important to address the background to these proposed and imposed “solutions” and what effects they will have on the International Monetary System (IMS) and the global political economy as a whole. _________________ Simon - http://www.patriotsquestion911.com/
For years we've been hearing that the U.S. dollar's days as the world's dominant currency are numbered. Remember when the yen was going to supplant it? Then came the euro. Next up: the yuan.
Or maybe not. In the past few weeks, another rival to the dollar--created in 1969 but dormant for most of the time since--has made a spectacular re-entry onto the world scene. It goes by the ungainly name of special drawing right (SDR), and it is the currency not of some foreign rival but of the Washington-based and traditionally U.S.-dominated International Monetary Fund (IMF). It isn't even really its own currency, since it derives its value from a "basket" that contains dollars, euros, yen and pounds.
But it sure has become popular. In late March, the head of China's central bank made headlines by arguing that the time had come for the SDR to supplant the dollar as the world's "supersovereign reserve currency." A few days later, a U.N. task force recommended the same thing. Then U.S. Treasury Secretary Tim Geithner endorsed giving SDRs a bigger role. After the dollar fell in currency markets in reaction, Geithner backpedaled. But at the G-20 meeting in London, President Barack Obama joined the assembled heads of state in agreeing to a nearly tenfold, $250 billion increase in the amount of SDRs available to be lent out.
Joined: 09 Feb 2007 Posts: 630 Location: Manchester
Posted: Mon Apr 13, 2009 11:22 am Post subject:
Quote:
What Geithner doesn’t say in his article is that the current global financial crisis was caused by the Federal Reserve and the world’s various central banks. Alan Greenspan intentionally set interest rates at incredibly low levels after the 9/11 attacks. This encouraged lenders to lend out money using all sorts of creative financing packages. It also encouraged borrowers to borrow money from the lenders because of the cheaper money. These policies lead to the continued devaluation of the U.S. Dollar and the U.S. housing crisis which have been the main drivers behind most of the economic problems we are currently seeing.
Is this the real reason behind 9/11? It’s puzzled me why Bilderberg & Co would allow the neocon effing crazies to do something as stupid as killing 3,000 US citizens and blowing up four buildings in broad daylight. And then to launch an insane “war on terror” which bankrupts the nation. Maybe it’s all going according to plan and PNAC is just a smokescreen. _________________ Simon - http://www.patriotsquestion911.com/
Posted: Sat Apr 18, 2009 9:42 pm Post subject: The Tower of Basel: Secretive Plans for Global Currency
Protocols almost certainly NOT a real document. They are a sure way to poison almost any really 'on the money' thread such as this.
Meanwhile... back on the money
The Tower of Basel: Secretive Plans for the Issuing of a Global Currency
Do we really want the Bank for International Settlements (BIS) issuing our global currency
by Ellen Brown
Global Research, April 18, 2009
In an April 7 article in The London Telegraph titled “The G20 Moves the World a Step Closer to a Global Currency,” Ambrose Evans-Pritchard wrote:
“A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order.
“We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity,’ it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.
“In effect, the G20 leaders have activated the IMF’s power to create money and begin global ‘quantitative easing’. In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.”
Indeed they will. The article is subtitled, “The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity.” Which naturally raises the question, who or what will serve as this global central bank, cloaked with the power to issue the global currency and police monetary policy for all humanity? When the world’s central bankers met in Washington last September, they discussed what body might be in a position to serve in that awesome and fearful role. A former governor of the Bank of England stated:
“[T]he answer might already be staring us in the face, in the form of the Bank for International Settlements (BIS).... The IMF tends to couch its warnings about economic problems in very diplomatic language, but the BIS is more independent and much better placed to deal with this if it is given the power to do so.”1
And if that vision doesn’t alarm conspiracy theorists, it should. The BIS has been called “the most exclusive, secretive, and powerful supranational club in the world.” Founded in Basel, Switzerland, in 1930, it has been scandal-ridden from its beginnings. According to Charles Higham in his book Trading with the Enemy, by the late 1930s the BIS had assumed an openly pro-Nazi bias. This was corroborated years later in a BBC Timewatch film titled “Banking with Hitler,” broadcast in 1998.2 In 1944, the American government backed a resolution at the Bretton-Woods Conference calling for the liquidation of the BIS, following Czech accusations that it was laundering gold stolen by the Nazis from occupied Europe; but the central bankers succeeded in quietly snuffing out the American resolution.3
Modest beginnings, BIS Office, Hotel Savoy-Univers, Basel
In Tragedy and Hope: A History of the World in Our Time (1966), Dr. Carroll Quigley revealed the key role played in global finance by the BIS behind the scenes. Dr. Quigley was Professor of History at Georgetown University, where he was President Bill Clinton’s mentor. He was also an insider, groomed by the powerful clique he called “the international bankers.” His credibility is heightened by the fact that he actually espoused their goals. He wrote:
“I know of the operations of this network because I have studied it for twenty years and was permitted for two years, in the early 1960's, to examine its papers and secret records. I have no aversion to it or to most of its aims and have, for much of my life, been close to it and to many of its instruments. ... [I]n general my chief difference of opinion is that it wishes to remain unknown, and I believe its role in history is significant enough to be known.”
Quigley wrote of this international banking network:
“[T]he powers of financial capitalism had another far-reaching aim, nothing less than 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. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”
The key to their success, said Quigley, was that the international bankers would control and manipulate the money system of a nation while letting it appear to be controlled by the government. The statement echoed an often-quoted one made by the German patriarch of what would become the most powerful banking dynasty in the world. Mayer Amschel Bauer Rothschild famously said in 1791:
“Allow me to issue and control a nation’s currency, and I care not who makes its laws.”
Mayer’s five sons were sent to the major capitals of Europe – London, Paris, Vienna, Berlin and Naples – with the mission of establishing a banking system that would be outside government control. The economic and political systems of nations would be controlled not by citizens but by bankers, for the benefit of bankers. Eventually, a privately-owned “central bank” was established in nearly every country; and this central banking system has now gained control over the economies of the world. Central banks have the authority to print money in their respective countries, and it is from these banks that governments must borrow money to pay their debts and fund their operations. The result is a global economy in which not only industry but government itself runs on “credit” (or debt) created by a banking monopoly headed by a network of private central banks; and at the top of this network is the BIS, the “central bank of central banks” in Basel.
Behind the Curtain
For many years the BIS kept a very low profile, operating behind the scenes in an abandoned hotel. It was here that decisions were reached to devalue or defend currencies, fix the price of gold, regulate offshore banking, and raise or lower short-term interest rates. In 1977, however, the BIS gave up its anonymity in exchange for more efficient headquarters. The new building has been described as “an eighteen story-high circular skyscraper that rises above the medieval city like some misplaced nuclear reactor.” It quickly became known as the “Tower of Basel.” Today the BIS has governmental immunity, pays no taxes, and has its own private police force.4 It is, as Mayer Rothschild envisioned, above the law.
The BIS is now composed of 55 member nations, but the club that meets regularly in Basel is a much smaller group; and even within it, there is a hierarchy. In a 1983 article in Harper’s Magazine called “Ruling the World of Money,” Edward Jay Epstein wrote that where the real business gets done is in “a sort of inner club made up of the half dozen or so powerful central bankers who find themselves more or less in the same monetary boat” – those from Germany, the United States, Switzerland, Italy, Japan and England. Epstein said:
“The prime value, which also seems to demarcate the inner club from the rest of the BIS members, is the firm belief that central banks should act independently of their home governments. . . . A second and closely related belief of the inner club is that politicians should not be trusted to decide the fate of the international monetary system.”
In 1974, the Basel Committee on Banking Supervision was created by the central bank Governors of the Group of Ten nations (now expanded to twenty). The BIS provides the twelve-member Secretariat for the Committee. The Committee, in turn, sets the rules for banking globally, including capital requirements and reserve controls. In a 2003 article titled “The Bank for International Settlements Calls for Global Currency,” Joan Veon wrote:
“The BIS is where all of the world’s central banks meet to analyze the global economy and determine what course of action they will take next to put more money in their pockets, since they control the amount of money in circulation and how much interest they are going to charge governments and banks for borrowing from them. . . .
“When you understand that the BIS pulls the strings of the world’s monetary system, you then understand that they have the ability to create a financial boom or bust in a country. If that country is not doing what the money lenders want, then all they have to do is sell its currency.”5
The Controversial Basel Accords
The power of the BIS to make or break economies was demonstrated in 1988, when it issued a Basel Accord raising bank capital requirements from 6% to 8%. By then, Japan had emerged as the world’s largest creditor; but Japan’s banks were less well capitalized than other major international banks. Raising the capital requirement forced them to cut back on lending, creating a recession in Japan like that suffered in the U.S. today. Property prices fell and loans went into default as the security for them shriveled up. A downward spiral followed, ending with the total bankruptcy of the banks, which had to be nationalized – although that word was not used, in order to avoid criticism.6
Among other collateral damage produced by the Basel Accords was a spate of suicides among Indian farmers unable to get loans. The BIS capital adequacy standards required loans to private borrowers to be “risk-weighted,” with the degree of risk determined by private rating agencies; and farmers and small business owners could not afford the agencies’ fees. Banks therefore assigned 100 percent risk to the loans, and then resisted extending credit to these “high-risk” borrowers because more capital was required to cover the loans. When the conscience of the nation was aroused by the Indian suicides, the government, lamenting the neglect of farmers by commercial banks, established a policy of ending the “financial exclusion” of the weak; but this step had little real effect on lending practices, due largely to the strictures imposed by the BIS from abroad.7
Similar complaints have come from Korea. An article in the December 12, 2008 Korea Times titled “BIS Calls Trigger Vicious Cycle” described how Korean entrepreneurs with good collateral cannot get operational loans from Korean banks, at a time when the economic downturn requires increased investment and easier credit:
“‘The Bank of Korea has provided more than 35 trillion won to banks since September when the global financial crisis went full throttle,’ said a Seoul analyst, who declined to be named. ‘But the effect is not seen at all with the banks keeping the liquidity in their safes. They simply don’t lend and one of the biggest reasons is to keep the BIS ratio high enough to survive,’ he said. . . .
“Chang Ha-joon, an economics professor at Cambridge University, concurs with the analyst. ‘What banks do for their own interests, or to improve the BIS ratio, is against the interests of the whole society. This is a bad idea,’ Chang said in a recent telephone interview with Korea Times.”
In a May 2002 article in The Asia Times titled “Global Economy: The BIS vs. National Banks,” economist Henry C K Liu observed that the Basel Accords have forced national banking systems “to march to the same tune, designed to serve the needs of highly sophisticated global financial markets, regardless of the developmental needs of their national economies.” He wrote:
“[N]ational banking systems are suddenly thrown into the rigid arms of the Basel Capital Accord sponsored by the Bank of International Settlement (BIS), or to face the penalty of usurious risk premium in securing international interbank loans. . . . National policies suddenly are subjected to profit incentives of private financial institutions, all members of a hierarchical system controlled and directed from the money center banks in New York. The result is to force national banking systems to privatize . . . .
“BIS regulations serve only the single purpose of strengthening the international private banking system, even at the peril of national economies. . . . The IMF and the international banks regulated by the BIS are a team: the international banks lend recklessly to borrowers in emerging economies to create a foreign currency debt crisis, the IMF arrives as a carrier of monetary virus in the name of sound monetary policy, then the international banks come as vulture investors in the name of financial rescue to acquire national banks deemed capital inadequate and insolvent by the BIS.”
Ironically, noted Liu, developing countries with their own natural resources did not actually need the foreign investment that had trapped them in debt to outsiders:
“Applying the State Theory of Money [which assumes that a sovereign nation has the power to issue its own money], any government can fund with its own currency all its domestic developmental needs to maintain full employment without inflation.”
When governments fell into the trap of accepting loans in foreign currencies, however, they became “debtor nations” subject to IMF and BIS regulation. They were forced to divert their production to exports, just to earn the foreign currency necessary to pay the interest on their loans. National banks deemed “capital inadequate” had to deal with strictures comparable to the “conditionalities” imposed by the IMF on debtor nations: “escalating capital requirement, loan writeoffs and liquidation, and restructuring through selloffs, layoffs, downsizing, cost-cutting and freeze on capital spending.” Liu wrote:
“Reversing the logic that a sound banking system should lead to full employment and developmental growth, BIS regulations demand high unemployment and developmental degradation in national economies as the fair price for a sound global private banking system.”
The Last Domino to Fall
While banks in developing nations were being penalized for falling short of the BIS capital requirements, large international banks managed to escape the rules, although they actually carried enormous risk because of their derivative exposure. The mega-banks succeeded in avoiding the Basel rules by separating the “risk” of default out from the loans and selling it off to investors, using a form of derivative known as “credit default swaps.”
BIS Tower Building, Basel
However, it was not in the game plan that U.S. banks should escape the BIS net. When they managed to sidestep the first Basel Accord, a second set of rules was imposed known as Basel II. The new rules were established in 2004, but they were not levied on U.S. banks until November 2007, the month after the Dow passed 14,000 to reach its all-time high. The economy was all downhill from there. Basel II had the same effect on U.S. banks that Basel I had on Japanese banks: they have been struggling ever since to survive.8
Basel II requires banks to adjust the value of their marketable securities to the “market price” of the security, a rule called “mark to market.”9 The rule has theoretical merit, but the problem is timing: it was imposed ex post facto, after the banks already had the hard-to-market assets on their books. Lenders that had been considered sufficiently well capitalized to make new loans suddenly found they were insolvent. At least, they would have been insolvent if they had tried to sell their assets, an assumption required by the new rule. Financial analyst John Berlau complained:
“The crisis is often called a ‘market failure,’ and the term ‘mark-to-market’ seems to reinforce that. But the mark-to-market rules are profoundly anti-market and hinder the free-market function of price discovery. . . . In this case, the accounting rules fail to allow the market players to hold on to an asset if they don’t like what the market is currently fetching, an important market action that affects price discovery in areas from agriculture to antiques.”10
Imposing the mark-to-market rule on U.S. banks caused an instant credit freeze, which proceeded to take down the economies not only of the U.S. but of countries worldwide. In early April 2009, the mark-to-market rule was finally softened by the U.S. Financial Accounting Standards Board (FASB); but critics said the modification did not go far enough, and it was done in response to pressure from politicians and bankers, not out of any fundamental change of heart or policies by the BIS.
And that is where the conspiracy theorists come in. Why did the BIS not retract or at least modify Basel II after seeing the devastation it had caused? Why did it sit idly by as the global economy came crashing down? Was the goal to create so much economic havoc that the world would rush with relief into the waiting arms of the BIS with its privately-created global currency? The plot thickens . . . .
Ellen Brown developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, her latest book, she turns those skills to an analysis of the Federal Reserve and “the money trust.” She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Her earlier books focused on the pharmaceutical cartel that gets its power from “the money trust.” Her eleven books include Forbidden Medicine, Nature’s Pharmacy (co-authored with Dr. Lynne Walker), and The Key to Ultimate Health (co-authored with Dr. Richard Hansen). Her websites are www.webofdebt.com and www.ellenbrown.com.
NOTES
1. Andrew Marshall, “The Financial New World Order: Towards a Global Currency and World Government,” Global Research (April 6, 2009).
8. Bruce Wiseman, “The Financial Crisis: A look Behind the Wizard’s Curtain,” Canada Free Press (March 19, 2009).
9. See Ellen Brown, “Credit Where Credit Is Due,” webofdebt.com/articles/creditcrunch.php (January 11, 2009).
10. John Berlau, “The International Mark-to-market Contagion,” OpenMarket.org (October 10, 2008).
http://www.globalresearch.ca/index.php?context=va&aid=13239 _________________ --
'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."
UPDATE: A close-up image of the coin appears at the bottom of the article. [but seems to have disappeared ]
In a highly symbolic moment at the G8 summit in Italy today, Russian President Dmitry Medvedev unveiled to reporters a coin representing a “united future world currency”.
“We are discussing both the use of other national currencies, including the ruble, as a reserve currency, as well as supranational currencies,” the Russian leader said at a news conference.
However, those who have downplayed the formulation of a world currency by dismissing it as merely a progression of SDR’s (Special Drawing Rights) and not something that would physically be used by citizens in a system of world government, were contradicted when Medvedev clearly outlined that the new currency would be “used for payment” by citizens as a “united future world currency”.
“This is a symbol of our unity and our desire to settle such issues jointly,” Medvedev said.
“Here it is,” Medvedev told reporters today in L’Aquila, Italy, after a summit of the Group of Eight nations. “You can see it and touch it,” reports Bloomberg.
The question of a supranational currency “concerns everyone now, even the mints,” Medvedev said. The test coin “means they’re getting ready. I think it’s a good sign that we understand how interdependent we are.”
Medvedev explained that the coin had been minted in Belgium and bears the words “unity in diversity”. An RIA Novosti report noted that the coin represented an example of a “possible global currency”.
China and Russia have repeatedly called for a new global currency to replace the dollar.
When confronted about plans to supplant the dollar with a new global currency, both Federal Reserve chairman Ben Bernanke and Treasury Secretary Timothy Geithner denied that such an agenda existed.
However, just days after he told a Congressional hearing that there were no plans to move towards a global currency, Geithner sought to please the elitist CFR by assuring them that he was “open” to the notion of a new global currency system.
The scandal-ridden and highly secretive Bank For International Settlements, considered to be the world’s top central banking power hub, released a policy paper in 2006 that called for the end of national currencies in favor of a global model of currency formats.
The global currency would be a key central plank of a future system of world government. Earlier this week, Pope Benedict called for a “world political authority” to manage the global economy.
It is ironic, as Daniel Estulin points out, that America’s fledgling democracy established the Logan act in 1799 to protect itself from Americans fostering foreign associations to intrude in our affairs. Named after Dr. George Logan, a pro Republican and prescient Quaker from Pennsylvania, it has remained almost unchanged and unfortunately unused since its passage, though it reads with great relevance in the shadows of the New World Order’s operatives . . .
It states, “Any citizen of the United States, wherever he may be, who, without authority of the United States, directly or indirectly commences or carries on any correspondence or intercourse with any foreign government or any officer or agent thereof, with intent to influence the measures or conduct of any foreign government or of any officer or agent thereof, in relation to any disputes or controversies with the United States, or to defeat the measures of the United States, shall be fined under this title or imprisoned not more than three years, or both.”
In fact, it is amazing that the Bilderberg Group has met since 1954 with funding from the CIA and is made up of the world’s most powerful people, notably US and world heads of state, made and in the making, numerous international corporate CEOs from business, banking, industry, media, as well as world royalty, plus high-ranking members of the Council on Foreign Relations and the Tri-Lateral Commission.
The Bilderberg goal has been to shape policy that deeply concerns the United States and its citizens in regards to innumerable foreign alliances without providing US citizens any awareness of same. And not once has any US member been indicted for their treasonous breaches in these actions.
Even though high-ranking members of the press attend Bilderberg annual meetings, there is little or no press coverage. They are there, as it were, to get with and push the program, albeit disguised. The meetings’ locales are announced only days before the events, always in a small town near a big city -- this year’s at the five-star Nafsika Astir Palace Hotel in Vouliagmeni, Greece, May 14-17.
There are no press reports of discussions, agendas or conclusions released. Yet the matters discussed ranged this year from all facets of the US economy, including the dollar’s future, whether there will be depression or prolonged stagnation, US unemployment; more frighteningly, even to the destruction of the United States as we know it into the North American Union of Canada, the US, and Mexico.
Even though I read and favorably reviewed Estulin’s Bilderberg 2007: Welcome to the Lunatic Fringe, this new edition of the story lends new urgency to what has been happening in the darkness of the political night we live in, both north and south of us, including newly made associations of corporations, plans to usurp US laws to North American Union imperatives, all part of a scheme to hammer America into the pieces of this NAU like broken glass into an unrecognizable mosaic of oppression.
There will also be a push for the enactment of the Lisbon Treaty, which depends on the Irish voting YES on the treaty in September or October. One of the Bilderberg concerns is neutralizing the anti-Lisbon treaty movement, Libertas, led by Declan Ganley. One of the Bilderberg strategies, for instance, is a whispering campaign in the US media, suggesting that Ganley is funded by arms dealers in the US linked to the US military. Right there you have a bird’s eye view of the Bilderbergers in action, with enough evidence to imprison a weighty handful of them, including some top dogs. And dogs they are, dogs of overt and covert war.
Most notably, they include the multi-billionaire David Rockefeller and ex-Secretary of State and war criminal Henry Kissinger. The Rockefeller family, influence, and fortune constitute the very hub of the Bilderberg Group. Its various spokes connect to international finance, economics, media, science, world health, politics, public works, any phase of life and death you can think of.
Together they form the wheel of the New World Order, rolling towards a vast collectivist society in which free nation states are subsumed under the Bilderberg Big Brothers, most notably Rockefeller, with an expanded UN military force, supported by taxes on oil at the wellhead to maintain order and security.
It is a strangely utopian notion of a “World Company,” an uber capitalist corporation vs. the nation state, a whole new Brand X of authoritarian rule. Its model most closely resembles a free-trade capitalist China with a communist authoritarianism to buttress it, in which the individual vanishes literally and figuratively; in which the rich get richer and the poor get poorer, and two classes are de rigueur, rich and slave-class.
It’s no wonder one of the first familiar faces we see on the introduction’s page xxx is Chinese-speaking, India-born Secretary of the Treasury Timothy Geithner. He is at the 2005 Germany-based Bilderberg meeting, then as president of New York’s Federal Reserve Bank, connecting as it were with those of common interests. How far he’s come since then and how deep we’ve sunk in Treasury debt.
You will find this highly secret organization’s history exposed with an encyclopedic level of documentation, including over 100 pages of participant photos, documents, names, titles, endnotes by Daniel Estulin, in this The True Story of The Bilderberg Group, updated revised and expanded in his latest North American Union Edition, 385 pages in all. To date, the editions of this groundbreaking work have sold over 2.5 million copies worldwide in 48 languages. The reason is its relevance for citizens of every free nation in the world, now an endangered species in the wake of Bilderberg connections and activities.
Estulin’s text reads like a mixture of Robert Ludlum, John LeCarre and Ian Fleming, given the world of intrigue he inhabits at the highest levels, meeting in the most luxurious, private-army and police guarded hotels. Estulin delivers secrets from an eyewitness point of view, having researched the group for the past 17 years and actually pierced the secret annual meetings well before his first 2007 edition.
One time it nearly cost him his life as he waited for an elevator in a hi-rise hotel with an information “source.” As the door opened, he stepped forward and was hauled back by the source’s iron grip. There was no floor. The elevator had been jimmied 800 feet down. One more step and he’d been silenced. Fortunately, Estulin’s family emigrated from Russia to Ottawa, Canada. His grandfather was high-level KGB, which gives him a genetic leg up in this predator’s game.
Estulin’s research has been augmented by many persons working in these hotels who, repulsed by the Bildies, have shared information on their dubious agendas, attendees, and locales. Then there are past and present intelligence officials from around the world, who report in as well, as the Bildies play “good old boys” club. They permit only a few wives to attend, a few noted media women, and the Queen of the Netherlands, one of the richest women in the world.
To give you a sense of its scope, the new Bilderberg edition is broken up into four sections: Part One: the Bildberg Group, including its foundation, bedfellows, objectives, puppets, a tale of the Watergate con game, and Bilderberg unmasked.
Part Two: The Council on Foreign Relations, includes Hit or Miss [that is a near miss of a hit on the author’s life in Italy], 1999, Crossover Partners, Journalistic Courtesans?, Enforced Disarmament, CFR Cabinet Control, CFR and Psycho-Political Operations, CFR and the Marshall Plan, Visible Partners.
Part Three: The Trilateral Commission, Back to the Future, Sophisticated Subversion, Packaging a President, Game of Monopoly, Bolsheviks’ Benefactors, Treason for Profit, Sacrificing a Nation [America].
The all-New Part Four: The North American Union (NAU), Detention, 2004, Overture, A Coming Union? Behind the Closed Door – In Documents & Pictures, Endnotes, a PS: actual Bilderberg Meeting Reports – 2005, 2006, 2007, 2008, Author’s Afterward, and Index.
Again, as someone who read the earlier edition, I can say that all the new information is a substantial leap forward in exposing this shadow government that is working steadily for the US and other nations’ coups and subjugation to its New World Order.
The Bilderberg Meeting Reports give you a candid view of this motley crew, the self-proclaimed Masters of the Universe. The reports survey crossover relationships between ex-presidents, chiefs of state from yesterday and today, from their involvements in pointless wars and conflicts, all ending in private profit. You walk away with a real idea of the world elite’s plans for today and tomorrow, which are definitely not wine and roses for you.
In fact, the New World Order can be seen as a giant step backward in time to a form of feudalism governed with today’s technology and power brokers. It is an order ruled by raw power. The smell of this power seems to ooze out of the pages of the book and its tales, from Woodrow Wilson and his alter-ego, Edward M. House, working together to establish a NWO through the League of Nations . . . back to the financing of the Bolshevik Revolution by JP Morgan to undermine the power of the Czar and Russia.
As an alternate title to this review, I thought of “Flipping the Bilderbergers,” for in fact so many household names and faces of 20th and 21st century politics -- from history, business, media, banking and finance -- are revealed, involved in various predatory schemes to deflate or inflate currencies, destroy alliances, but most of all, to weaken America. And towards that end, is it any surprise that we find our industrial infrastructure in ruins, General Motors in bankruptcy, Chrysler about to be sold to Fiat, millions of American high tech jobs outsourced to India, millions more to near and far-eastern sweatshops, our economy bankrupted?
Is it any wonder that we find one bubble after another created and then broken in the stock market until the market itself is broken, a conspiracy of deregulation, and Greenspan’s photo turning up in various Bilderberg meetings, along with the ubiquitous Kissinger’s, like so many grinning cats who have swallowed the canaries? Is it any wonder that the Trilateral Commission has broken the world in three pieces: The Americas, Europe, and Asia, assigning South and Central Americas as our new sweat shops, Africa as Europe’s, and Vietnam, Thailand, the Philippines as Japan’s?
And so, reading this True Story of the Bilderberg Group -- The North American Union Edition is an act of revelation. One that is necessary to help us protect ourselves against this final trashing of our borders as well as Canada’s and Mexico’s, which would pummel us into one entity ruled by the money-lust of corporate deal-makers, the same who have been planning this for years in their poisonous meetings.
Bottom line, the Fix is in. Innumerable deals have been and are being made between the north and south to weaken America like a brave bull by picadors, bleeding our strength, until the matadors thrust the final swords in us. Do not by any means underestimate their power or be overly afraid of it. When push comes to shove, there are more of us than them.
In fact, being exposed, opposed, deposed are the worst nightmares of the Bilderbergers, starting with its pointy-nosed, grinning zillionaire posing as a philanthropist, Dr. Doom himself, along with his cronies, from Bill Gates to Goldman Sachs, et al. We have to seek punishment for these men (and women) who have undermined the strength of our government and people with foreign alliances profitable only to them. We have to bring these treasonous persons to stand for their crimes. We have to use the Logan Act as it has never been used before and any and all other means to gain justice or face the consequences. That is Estulin’s message, loud and clear. Read it. See it. Believe it!
Jerry Mazza is a freelance writer living in New York City. Reach him at gvmaz@verizon.net. His new book, “State Of Shock: Poems from 9/11 on” is available at www.jerrymazza.com, Amazon or Barnesandnoble.com.
Joined: 09 Feb 2007 Posts: 630 Location: Manchester
Posted: Thu Sep 03, 2009 7:04 pm Post subject:
China Set to Buy $50 Billion in IMF Notes
Meena Thiruvengadam
The Wall Street Journal
September 3, 2009
WASHINGTON -- China is on track to become the first purchaser of notes issued by the International Monetary Fund, a move that would diversify its foreign asset holdings and could give the IMF's quasi-currency more clout.
The IMF on Wednesday said China has signed an agreement to purchase approximately $50 billion in notes from the fund. The notes are denominated in Special Drawing Rights, a quasi-currency issued by the fund and promoted by China as a potential replacement for the dollar
Joined: 25 Jul 2005 Posts: 18335 Location: St. Pauls, Bristol, England
Posted: Wed Sep 23, 2009 12:48 am Post subject:
Prince Charles Call for a "Gigantic Partnership" of Governments Administered by the World Bank
The Prince of Wales has warned that the world faces a series of natural disasters within 18 months unless urgent action is taken to save the rainforests.
In one of his most out-spoken interventions in the climate change debate, he said a £15 billion annual programme was required to halt deforestation or the world would have to live with the dire consequences.
"We will end up seeing more drought and starvation on a grand scale. Weather patterns will become even more terrifying and there will be less and less rainfall," he said.
"We are asking for something pretty dreadful unless we really understand the issues now and [the] urgency of them." The Prince said the rainforests, which provide the "air conditioning system for the entire planet", releasing water vapour and absorbing carbon, were being lost to poor farmers desperate to make a living.
He said that every year, 20 million hectares of forest – equivalent to the area of England, Wales and Scotland – were destroyed and called for a "gigantic partnership" of governments, businesses and consumers to slow it down.
"What we have got to do is try to ensure that these forests are more valuable alive than dead. At the moment, there is more value in them being dead," he said.
He estimated that the cost would be about £15 billion a year but said that this should be viewed as an insurance policy for the whole world. "That is roughly just under one per cent of all the insurance premiums paid in the world in any one year. It is an insurance premium to ensure the world has some rainfall and reasonable weather patterns. It is a good deal."
Last month, the Prince had a meeting at St James's Palace with four state governors from Brazil to discuss the best way to allocate the money. One option would be for an organisation such as the World Bank to administer the fund. The Prince made clear yesterday that if nothing was done there was a "severe danger of losing a major part of the battle against climate change".
In an interview on Radio 4's Today programme, the Prince disclosed that he had raised his concerns with the White House, Vladimir Putin, the Russian prime minister, and President Sarkozy, of France. He said he had pressed Barclays, Shell, Goldman Sachs and McDonald's to join his campaign.
But he also said consumers had to play their part by choosing products that were environmentally sustainable and called for improvements in labelling.
He denied, however, that he was interfering in the political process. "All I am ever trying to do is to provide an enabling facility," he said.
He conceded that at times he had been forced to keep his counsel when he would have liked to have spoken out. "You learn as you go along. I am going to be 60 this year. I would be a blinding idiot if I had not learnt a bit by now."
Billionaire globalist George Soros told the Financial Times during an interview that China will supplant the United States as the leader of the new world order and that America should not resist the country’s decline as the dollar weakens, living standards drop, and a new global currency is introduced.
Asked what Obama should discuss when he visits China next month, Soros stated, “This would be the time because I think you really need to bring China into the creation of a new world order, financial world order,” adding that China was a reluctant member of the IMF who didn’t make enough of a contribution.
“I think you need a new world order that China has to be part of the process of creating it and they have to buy in, they have to own it in the same way as the United States owns…the current order,” said Soros, adding that the G20 was a move in this direction.
Soros said that there was a flight from currencies across the board, and that this is why the price of commodities, notably gold and oil, were generally rising. He also stated that an orderly decline of the dollar was “desirable” and that the entire system needed to be reconstituted towards a global currency.
“You need a new currency system and actually the Special Drawing Rights do give you the makings of a system and I think it’s ill-considered on the part of the United States to resist the wider use of Special Drawing Rights, they could be very useful now when you have a global shortfall of demand, you could actually internationally create currency through Special Drawing Rights,” said Soros, explaining that this was already in process after the IMF injected an allocation of Special Drawing Rights (SDRs) equivalent to $250 billion into the global economy.
Soros also stated that richer countries were already transferring wealth to poorer countries via SDR’s, with the IMF paying for the half per cent transaction cost.
Soros said the world would have to go through a “painful adjustment” following the decline of the dollar and the introduction of a global currency. Reading between the lines, he essentially threatened to kill the dollar completely if the United States did not get on board with the global currency.
Soros predicted that China would become the new engine of the global economy, replacing the U.S., and that this would slow economic growth and reduce living standards. Soros characterized the United States as a drag on the global economy because of the declining dollar.
Joined: 25 Jul 2005 Posts: 18335 Location: St. Pauls, Bristol, England
Posted: Sun Nov 08, 2009 2:37 am Post subject:
Obama and the Bilderbergers -PROOF!
Topic started on 5-6-2008 @ 01:55 PM by jamie83
The main stream media is never going to tell you what you're about to read here. Please read this with an open mind and visit the link I've provided at the bottom of this post.
James A. Johnson is the person selected by Obama to head his Vice-Presidential Search Committee. The main stream media hasn't told you much about Johnson other than the fact that he lead John Kerry's VP search committee.
But why?
Because James A. Johnson is a Vice-Chairman of a multi-billion dollar hedge fund and merchant bank, and a business partner of George Soros. Johnson also was the chairman of investment house Lehman Brothers. Johnson is also a member of the Council on Foreign Relations and the Trilateral Commission.
So if a powerful man like Johnson is Vice-Chairman of this investment fund, then who is the Chairman?
Try Frank Pearl, who not surprisingly is also a member of the CFR. Even more astounding, Frank Pearl's biography on his own web site identifies him as an active member of the Americans for Bilderberg group. There is now a proven, direct link between Obama and the Bilderbergers. What may be even more astounding is that nobody in the main stream media has reported on this.
So now we know how an unknown African-American, a former street organizer made his way from Trinity Church in Chicago to being the Democrat candidate for President of the United States. He was backed by the Trilateralists and the Bildeberg group, following in the footsteps of Jimmy Carter.
This is not speculation. This is not rumor. This is not some wild conspiracy theory. This is documented.
And now we can understand why the main stream media has been obsessed with Obama's associations with Rev. Wrigth and William Ayers, and has been silent on Obama's association with James Johnson and Frank Pearl. Rev. Wright and William Ayers, and the "Michelle tape" that's been rumored are designed distractions to keep the public from focusing on Obama's associations with groups like the Trilateral Commission, the CFR, and the Bilderberg group.
And by the way, the name of Johnson and Pearl's investment bank, which he founded in 1995? Perseus, LLC. And for those of you who might have forgotten your greek mythology, Perseus became a hero for cutting off the head of Medusa.
Coincidence? There's no such thing as coincidence. On their web site they have images of Perseus holding the severed head of Medusa.
Wait... did I mention that James Johnson is on the board of Goldman Sachs? Or that former Clinton cabinet member Richard Holbrooke is also a Vice-Chairman of Perseus? Or that that the Vice President of Finance at Perseus LLC held a similar position at the Carlyle Group? Or that the Managing Director of Perseus was formerly a Vice President at Enron?
So for everybody who has fallen in love with Obama and who has bought into his speeches about changing the culture in Washington, know that you are supporting the candidate hand-picked by the most elite, powerful men in the world, who literally are members of the Bildeberg group.
Are you sure you want these people in the White House? Do you think the masses who show up and cheer Obama have any idea of these connections?
Go Here to Discover Who is Backing Obama
Frank H. Pearl (Washington, D.C.), Chairman and Chief Executive Officer of Perseus, founded the firm in 1995....
Mr. Pearl is also a member of the Board of Directors of the Institute for International Economics, a member of the Council on Foreign Relations, and is a participating member of the American Friends of Bilderberg.
James A. Johnson (Washington, D.C.) is a Vice Chairman of Perseus. Mr. Johnson was a Managing Director in Corporate Finance at Lehman Brothers. Mr. Johnson was Executive Assistant to Vice President Walter F. Mondale, where he advised the Vice President on domestic and foreign policy and political matters.
Mr. Johnson also serves on the Boards of Directors of The Goldman Sachs Group, Inc., KB Home, Target Corporation, Temple-Inland, Inc., and UnitedHealth Group. He is also a member of the Council on Foreign Relations, the National Museum of African American History and Culture, and the Trilateral Commission.
And one more thing. Obama also named African-American Eric Holder to his VP search committee. You will hearing a lot about Holder because he was involved in pardoning Mark Rich and the two members of the Weather Underground when Clinton left office.
Why did Obama pick Holder?
So the media can focus on Holder's dubious past, and that fact that he's a black man, while failing to mention anything about James Johnson and Frank Pearl.
I will promise you you're not going to hear one mention about Johnson being the Vice-Chairman of Perseus, but you'll hear about Holder and the Weather Underground for weeks. It's part of the plan.
Joined: 25 Jul 2005 Posts: 18335 Location: St. Pauls, Bristol, England
Posted: Sun Nov 08, 2009 8:10 pm Post subject:
Rare insight from a congresswoman here into the attitudes of global organised crime bank Goldman Sachs... preferred bankers to the Bilderberg conference steering committee.
My Conversation with Goldman
by Republican Congresswoman Jan Schakowsky
This week I had an opportunity most Americans would relish, just as I did. I was able to unload on two top executives of Goldman Sachs who descended from on high to my office because I clearly needed some educating. One was a Vice President and the other their Chief Risk Officer.
I had authored a letter on October 28, along with Congressman Peter Welch, that read, "We understand Goldman Sachs is expected to award its employees $21 billion in bonuses this year...Goldman Sachs is good at what it does, but its profits this year...were supplemented by the generous financial support of American taxpayers. In particular, Goldman Sachs benefited from a taxpayer payment of $12.9 billion from AIG on credit default swaps, insurance lending, and other contractual obligations between the two firms. AIG's payment to Goldman Sachs was, in fact, a taxpayer payment...Should taxpayers be repaid the $12.9 billion before bonuses are distributed to Goldman employees? We believe they should. We therefore urge Goldman Sachs to repay taxpayers the $12.9 billion it received from them through AIG."
The letter was signed "Sincerely" and I let them know just how sincerely I felt about it.
Amazingly, these visitors from another planet told me with very straight faces that I must realize that the $21 billion in bonuses were "accrued" bonuses. "Aaaaah," I nodded. "That will make all the difference in the world to my constituents who are losing their homes as well as their jobs." That's when I asked them exactly which planet they were in fact from.
"Forgive me for saying this," I said disingenuously, "but neither of you, as smart as you surely are, is worth 4,000 of my constituents," referring to the difference in the average salary of top executives in the financial sector and the average working person.
"Well we can't compare our employees with minimum wage workers," they pointed out. "We know that a $10 million salary sounds like a lot of money, but we are trying to get people who can make double that (that would be $20 million, I quickly calculated in my head) elsewhere. It's what the market demands."
Aaaaah, markets. Still, I resisted genuflecting. "I realize that you need to hire the kind of smarty-pants who truly understand complicated transactions like exotic derivatives and credit default swaps," said I, trying myself to sound like a smarty-pants, "but as I recall these are the very same people who almost brought down the entire global economy.
"Barney Frank," Chairman of the House Financial Services Committee and a bonafide smarty-pants, "makes $165,000 per year and he has done more to rescue our economy than anyone at Goldman Sachs. Or how about our CEO, President Barack Obama? He makes about $400,000, and lots of people would be willing to interview for that job."
By then I was furious and on a roll. "You are looking at one of the 57 members who voted against the repeal of Glass-Stiegel in 1999." That was the depression-era law that actually prevented financial institutions from becoming too big to fail by creating a firewall between the banking, insurance, and securities businesses. "And I am all for reinstating it, and I am from the school of, 'If you're too big to fail, then you're too big,' and besides all that, I am so far away from you in my thinking that your words barely compute, and from where I sit, you simply don't get it, and how stupid (yes I said the "s" word) can you be to think that any normal person can relate to "average" salaries for Goldman Sachs employees of $770,000 much less $21 billion in "accrued" bonuses," I sputtered as the bells rang in my office indicating a vote on the House floor.
No response -- just the same serious/tolerant expressions from the aliens. Then one of them thought of something. "We didn't ask for the bailout," he said hopefully. "And we paid the money back." Yes, after a record series of $100 million days and a record breaking $3.4 billion quarter, Goldman-Sachs, bless their hearts, paid us back. "But what about the $12.9 billion?"
"We'd like to tell you about that." The bells rang again. "I have to go vote now." "Would you be willing be meet again so we can tell you the valuable role that financial markets play in this country?" Now I'm silent, considering, then realizing that I'm actually enjoying myself. "OK" I finally respond. "We can talk but right now I'm out of here."
My only regret was that I didn't know at the time that Goldman Sachs had gotten for itself and its priceless geniuses H1N1 vaccines that lots of at-risk children are still waiting in line for. That would have been good to mention as I dashed out the door.
Joined: 25 Jul 2005 Posts: 18335 Location: St. Pauls, Bristol, England
Posted: Thu Nov 12, 2009 11:24 pm Post subject:
Amazing egos. The Bilderberg bank's Ubergruppenfuhrer Lloyd Blankfein sky high here. The only question, is it heroin or Cocaine?
Goldman Sachs boss: 'bankers do God's work'
Lloyd Blankfein, the chairman and chief executive, of Goldman Sachs, has claimed that bankers do "God's work".
Mr Blankfein, the son of a Brooklyn postal worker, believes that banks serve a "social purpose" and argues that the return of big profits and bonuses should be welcomed as proof the economy is recovering.
Speaking to The Sunday Times, he argued: "We're very important. We help companies to grow by helping them to raise capital. Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. We have a social purpose."
Goldman's Blankfein tops information age power list While he says he understands people are angry at banker's actions, he continued: "Everybody should be happy. Companies are looking to grow again and raise money. That's where we come in. The financial system may have led us into the crisis but it will lead us out."
Goldman Sachs is exempt from President Barack Obama's cap on bonuses because it paid back its £6 billion loan from the US government. As a result the average pay this year for the bank's UK staff will be around £440,000.
Last month, Goldman Sachs said it had performed so well that its pay and bonus pot for the first nine months was up 46 per cent at £10.2 billion. It was reported that they were considering donating in excess of £627 million to charity in an attempt to quell the furore over the likely size of the pot.
Mr Blankfein recently topped Vanity Fair's power players in the information age, for Goldman's ability to weather the economic crisis.
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/652497 2/Goldman-Sachs-boss-bankers-do-Gods-work.html _________________ 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/
Joined: 25 Jul 2005 Posts: 18335 Location: St. Pauls, Bristol, England
Posted: Wed Dec 16, 2009 8:51 pm Post subject:
Analyst Adrian Salbuchi from Argentina, proposes a Model that helps to understand the dynamics of what is currently taking place in the world, which he defines as the overlapping and increasingly violent process that marks the end of Globalization and the birth of World Government.
This three part video also explores 12 Key Factors that will trigger this Transition.
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
FAQ
Search
Memberlist
Chat
Usergroups
Calendar
Register
Profile
Log in to check your private messages
Log in
]
