The Federal Reserve Cartel: The Eight Families

(Part one of a four-part series)

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

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

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

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

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

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

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

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

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

The House of Morgan

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

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

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

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

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

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

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

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

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

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

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

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

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

In 1912 the Pujo hearings were held, addressing concentration of power on Wall Street. That same year Mrs. Edward Harriman sold her substantial shares in New York’s Guaranty Trust Bank to J.P. Morgan, creating Morgan Guaranty Trust. Judge Louis Brandeis convinced President Woodrow Wilson to call for an end to interlocking board directorates. In 1914 the Clayton Anti-Trust Act was passed.

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

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

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

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

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

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

The House of Rockefeller

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Next Week: Part II: Freemasons & The Bank of the United States

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

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

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

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

[5] Ibid. p.53

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

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

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

[9] Marrs. p.57

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

[11] Chernow

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

[13] Chernow

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

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

[16] Marrs. p.180

[17] Ibid. p.45

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

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

[20] Ibid

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

[22] Marrs.

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

[24] Marrs. p.53

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


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CNN: Opposition to Government, Bankers is Criminal

CNN’s Rick Sanchez and the tireless propaganda minister of the Southern Poverty Law Center, Mark Potok, have teamed up to demonize the Sovereign Citizen movement. In the intro to the piece below, Sanchez displays an overt disgust for the growing movement.

The FBI and Ministry of Homeland Security consider the movement a form of domestic terrorism. “The agency has already outlined two separate domestic terror threats — eco-terrorists/animal rights extremists and lone offenders — and its latest addition is a discussion of the Sovereign Citizen Movement,” the Homeland Security Newswire reported in April. “Members of the Sovereign Citizen Movement are anti-government extremists who believe that even though they physically reside in this country, they are separate or ‘sovereign’ from the United States. As a result, they believe they do not have to answer to any government authority, including courts, taxing entities, motor vehicle departments, or law enforcement.”

Naturally, because they refuse to obey the government, these folks are terrorists and the government is eager to have citizens who reflexively obey the government — and buy into what Sanchez and Potok say about the movement — rat them out. “You can help,” says the FBI. “First, ‘be crime smart’: don’t fall for the bogus claims and scams of sovereign citizens. And second, if you have information on any suspicious activities or crimes, please contact us.”

In May, the corporate media had a field day with the sovereign citizen philosophy when Joseph Kane and his 16 year old son were gunned down by cops. According to police, Kane handed sovereign citizens paperwork to Arkansas police after he was pulled over. It is said Kane’s son then pulled out an AK 47 and killed two police officers. “West Memphis police recently finished training on how to identify the groups by peculiar license plates or bumper stickers. They were also taught how to best approach them during a traffic stop,” Fox News reported.



The Missouri Information Analysis Center document leaked to Alex Jones last year specifically instructs police to be on the look-out for patriot bump stickers. Dangerous terrorists, according to MIAC, include Ron Paul and Chuck Baldwin supporters. The Department of Homeland Security produced a similar document at approximately the same time warning officialdom and police of the threat posed by constitutionalists, advocates of the Second Amendment and returning veterans.

In the above clip, Potok is so eager to demonize the movement he claims it began as the progeny of white supremacists. The FBI does not go that far, but instead creates its own fallacious mythology.

The “FBI lists this extremist movement as a domestic terrorist threat, saying some ‘sovereign citizens’ murder, threaten judges, use fake currency and engineer various mortgage fraud scams. Many don’t pay taxes,” reports the Memphis Fox affiliate.

A cursory Google search of the claim sovereign citizens murder judges produces zero results, but there are plenty of instances of sovereign citizens eschewing federal and state paperwork, not paying taxes, ignoring laws and even going up against banksters in foreclosure cases — all terrorism, of course, according to the state.

Bankster minion Timothy Geithner didn’t pay taxes either, so I guess he is also a terrorist who secretly desires to kill judges and squat expensive condos.

Sarcasm aside, the sovereign citizen movement is considered a direct and dangerous threat by the government because it rejects out of hand its authority. That’s way Sanchez and the propagandist Potok talked about the movement in such strident terms.


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We Got One That Can See: Former Obamanoid Reveals Truth on Fox News

It was a remarkable moment in the annals of corporate media television. During a Fox News segment on the staggering unemployment rate among the young, a former Obamanoid manages to sneak in the truth — there is no difference between Clinton, Bush and Obama, they are all puppets for elite bankers.

“Obama is an illusion of change,” said the former supporter. “He is a lot like Bush in many ways. It is a fallacy to believe he really cares about unemployment when he hired an economic team comprised of Volcker, Geithner… these men were in the last three administrations and they don’t really care for the poor and working class of this nation.”

Obama’s administration, of course, is packed like a sardine can with globalists from the Council on Foreign Relations, the Trilateral Commission and the Bilderberg group. Following Obama’s election win, he named 14 top cabinet selections and nine of them were affiliated with the Bilderberg group, ten were affiliated with the Council on Foreign Relations and five hailed from the Trilateral Commission.

Geithner, in addition to working for the Federal Reserve, is associated with the CFR, Trilateral Commission and the Bilderbergers. Ditto the former Fed boss Volcker.

Indeed, Obama, Geithner, Volcker, and the rest don’t care about the poor and working class. The CFR, Trilateralists, and members of the once secretive Bilderberg cabal are working stealthily toward a one-world government that will require a large serf class of impoverished slaves.

In 1980, Holly Sklar wrote in her book Trilateralism: The Trilateral Commission and Elite Planning for World Management, that according to bankster David Rockefeller’s Trilateralists “the people, governments, and economies of all nations must serve the needs of multinational banks and corporations” and the “owners and managers of global corporations view the entire world as their factory, farm, supermarket, and playground. The Trilateral Commission is seeking to strengthen and rationalize the world economy in their interest,” not in the interest of the workers or anybody else.

“If you wish to establish national monopolies, you must control national governments,” writes Gary Allen. “If you wish to establish international monopolies or cartels, you must control a world government.”

Fresh food that lasts from eFoods Direct (Ad)

Obama’s task was to sell the globalist snake oil under the misleading label “change.” Fortunately, the young lady above seems to understand this, at least on a rudimentary level. It is heartening that people — especially former Obamanoids — are coming around to the reality of the situation.


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European Central Bank President Calls for Corrupt BIS to Boss Global Government in CFR Speech

In a speech before the elitist Council On Foreign Relations organization in New York earlier this week, President of the European Central Bank Jean-Claude Trichet called for the imposition of global governance to be bossed by the G20 and the corrupt Bank of International Settlements in the name of safeguarding the global economy.

In an address entitled “Global Governance Today,” Trichet proclaims how the elite need to impose “A set of rules, institutions, informal groupings and cooperation mechanisms that we call “global governance”.

During the course of the speech, Trichet uses the term “global governance” well over a dozen times, outlining how “global governance is of the essence” to avoid another financial crisis.

Section one of Trichet’s speech is entitled, “Why we need global governance,” and from then on he constantly invokes the economic downturn as a justification for empowering secretive, undemocratic and corrupt global institutions with the power to rule the world.

Highlights of Trichet’s speech can be viewed below via the official Council on Foreign Relations You Tube channel.

A full transcript of the speech was also carried by the Bank for International Settlements, an international organization of central banks that has constantly lobbied for a centralized global currency to replace that of nation states. Trichet praises the BIS as being “ahead of the curve” in dealing with the financial crisis during the speech.

The primary outfit that will boss the institutions of global governance, according to Trichet, is the Global Economy Meeting (GEM), which regularly meets at the BIS headquarters in Basel. This group, states Trichet, “has become the prime group for global governance among central banks”. The GEM is basically a policy steering committee under the umbrella of the Bank for International Settlements.

The BIS is a branch of the of the Bretton-Woods International Financial architecture and closely allied with the Bilderberg Group. It is controlled by an inner elite that represents all the world’s major central banking institutions. John Maynard Keynes, perhaps the most influential economist of all time, wanted it closed down as it was used to launder money for the Nazis during World War II.

Financial website Investors Insight describe the BIS as “the most powerful bank you’ve never heard of,” labeling it “the most powerful financial institution on earth”.

The bank wields power through its control of vast amounts of global currencies. The BIS controls no less than 7% of the world’s available foreign exchange funds, as well as owning 712 tons of gold bullion.

“By controlling foreign exchange currency, plus gold, the BIS can go a long way toward determining the economic conditions in any given country,” writes Doug Casey. “Remember that the next time Ben Bernanke or European Central Bank President Jean-Claude Trichet announces an interest rate hike. You can bet it didn’t happen without the concurrence of the BIS Board.”

The BIS is basically a huge slush fund for global government through which secret transfers of wealth from citizens are surreptitiously handed to the IMF.

“For example, U.S. taxpayer monies can be passed through BIS to the IMF and from there anywhere. In essence, the BIS launders the money, since there is no specific accounting of where particular deposits came from and where they went,” writes Casey.

“The bank was a major player promoting the adoption of the euro as Europe’s common currency. There are rumors that its next project is persuading the U.S., Canada and Mexico to switch to a similar regional money, perhaps to be called the “amero,” and it’s logical to assume the bank’s ultimate goal is a single world currency. That would simplify transactions and really solidify the bank’s control of the planetary economy,” adds Casey.

The Bank of International Settlements is responsible to no national government whatsoever. Trichet’s acknowledgment that an offshoot of the corrupt BIS will boss the main engine global government is a startling revelation, and emphasizes once again that world government is inherently undemocratic and dictatorial in nature.

The fact that Trichet unveiled this new approach in the march towards global governance before an audience of CFR insiders is fully appropriate.

The Council On Foreign Relations comprises of influential elitists and powerbrokers from all sectors of government, business, academia and the media. It is the public face of the more secretive Bilderberg Group. The CFR only recruits members sympathetic to its agenda for global government and the elimination of U.S. sovereignty.

The scope of the CFR’s mission was best encapsulated by former Deputy Secretary of State under Clinton and CFR luminary Strobe Talbott, who told Time Magazine in July 1992, “In the next century, nations as we know it will be obsolete; all states will recognize a single, global authority. National sovereignty wasn’t such a great idea after all.”

As we have emphasized, the global elite have already announced the birth of world government and who will run it. People expecting the UN to be at the helm have been distracted as the G20, alongside the BIS, was being empowered with the tools through which global governance is being coordinated.

In his speech, Trichet acknowledges the role of the G20 in using the financial crisis to mandate developing countries’ “full integration into the institutions of global governance.”

“The G20 has been effective in addressing the global crisis. We are now at the stage where this forum is making the transition from acting in a crisis resolution mode to contributing to crisis prevention,” said Trichet. In other words, the elite exploited the financial crisis in order to allow the G20 to pose as saviors and consequently empower itself to impose global governance regulations on nation states in the name of avoiding another economic crisis.

As EU President Herman Van Rompuy stated during his speech in Brussels, 2009 marked the first official year of world government powers being directly exercised to control the economies of nation states.

“2009 is also the first year of global governance, with the establishment of the G20 in the middle of the financial crisis. The climate conference in Copenhagen is another step towards the global management of our planet,” said Van Rompuy.




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Possible Supreme Court pick had ties with Goldman Sachs

WASHINGTON — A top prospect for the Supreme Court was a paid member of an advisory panel for the embattled investment firm Goldman Sachs, federal financial disclosures show.

Solicitor General Elena Kagan was a member of the Research Advisory Council of the Goldman Sachs Global Markets Institute, according to the financial disclosures she filed when President Obama appointed her last year to her current post. Kagan served on the Goldman panel from 2005 through 2008, when she was dean of Harvard Law School, and received a $10,000 stipend for her service in 2008, her disclosure forms show.

A spokesman for Goldman Sachs did not respond to requests for comment Monday.

The advisory panel met once a year to discuss public policy issues and was not involved in any investment decisions, Justice Department spokesman Tracy Schmaler said.

Kagan, the administration's top lawyer before the high court, has been named in news reports as a possible replacement for retiring Justice John Paul Stevens. Last year, Obama interviewed her for the high court seat now held by Sonia Sotomayor.

If Kagan is nominated to replace Stevens, senators will scrutinize those ties to Goldman Sachs, said Northwestern University law professor Lee Epstein.

"One side will pick apart anything a nominee has done," said Epstein, who co-wrote a book on the politics of judicial nominations. "Here, Goldman Sachs doesn't have a lot of fans. It may make things more complicated for her."

The Securities and Exchange Commission filed a civil lawsuit against Goldman Sachs earlier this month, accusing the financial giant of failing to disclose important information about an investment it sold in 2007 that was tied to subprime mortgages. The SEC lawsuit alleges investors lost $1 billion and that Goldman Sachs didn't tell them it had packaged the mortgages at the request of a hedge fund manager who bet the housing bubble would burst.

Goldman Sachs insists it did nothing wrong. CEO Lloyd Blankfein will testify today before a Senate panel that the company did not bet against its clients.

The Global Markets Institute, Goldman Sachs' public policy research unit, was not involved in the conduct being challenged by the SEC. The council Kagan served on is a group of outside experts called on to organize discussions and examine public policy issues. The institute provides analysis and advice to Goldman Sachs and its clients.

Although Goldman's executives have been generous political donors, particularly to Democrats, some lawmakers are trying to distance themselves from that link. One example: Republican Rep. Mark Kirk, who is running for the Senate in Illinois, announced he will return more than $20,000 in campaign contributions linked to Goldman Sachs.


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Obama’s Shadow Government

How many of these names do you recognize?

Adolfo Carrion, Aneesh Chopra, Ear; Devamey, Kenneth Feinberg, Carol Browner, Ed Montgomery, Todd Stern, Cass Sunstein, Ron Bloom, and John Brennan. If none of them ring a bell, it is because they and others are all part of a shadow government of some thirty “czars”; advisers to President Obama who did not submit to the Senate confirmation process and are exempt from Congressional oversight.

Article 2, Section 2, U.S. Constitution, an excerpt: He (the President) shall have power, by and with the advice and Consent of the Senate, to make treaties, provided two thirds of the Senators present concur; and he shall nominate, and by and with the advice and consent of the Senate shall appoint ambassadors, other public ministers and consuls, judges of the Supreme Court, and all other officers of the United States whose appointments are not herein provided for, and which shall be established by law: but the Congress may by law vest the appointment of such inferior officers, as they think proper, in the President alone, in the courts of law, or the heads of departments.”

The Constitution creates two types of positions in the executive branch: principal officers and inferior officers. The first of these are nominated by the president and confirmed by the Senate. The latter are not subject to this process.

The Obama administration began with a series of nominations that were found to be tax cheats and forced to withdraw before Senate confirmation. One of them, Van Jones, put in charge of “green jobs” was forced to resign when it became known that he was a self-identified communist. Carol Browner, responsible for environmental and energy issues, was on the board of the Commission for a Sustainable Society, the action arm of the Socialist International.

In the case of “special envoys” George Mitchell, Richard Holbrooke, and Dennis Ross, they all engage in ambassadorial duties, representing the nation to foreign entities and are responsible only to the president. Key elements of the nation’s foreign policy, particularly as regards the Middle East, remain hidden from the public, except in terms of the president’s public pronouncements.

All of the president’s cabinet secretaries in charge of various departments and agencies of the government are vested with administrative powers and all must be confirmed by the Senate. By virtue of the Administrative Procedure Act, these offices must hold public hearings and maintain records when decisions are made, thus creating a paper trail. All of these offices must have separate lines in Congress’s annual appropriations bills.

The bulk of the president’s czars are exempt from such oversight. They advise and answer directly to the president and a number of them exercise control over the decisions made by cabinet secretaries and agency directors, most of whom have been reduced to a role of carrying out their decisions, their agenda.

The U.S. government is being run out of the White House by a cohort of czars/advisers who do not answer to the American people and operate in the dark. This is part of the warning issued in “The Blueprint: Obama’s Plan to Subvert the Constitution and Build an Imperial Presidency.” The authors, Ken Blackwell and Ken Klukowski, are both attorneys with extensive knowledge of the Constitution. Blackwell has been an ambassador.

These czars are essentially unconstitutional and illegal.

All presidents have had advisers, but none prior to Obama have had so many and none have been delegated vast powers. They represent a violation of the separation of powers essential to a democratic republic and all violate the need and expectation of transparency and accountability.

Some have demonstrated in their past publications and present statements that they are wholly incompetent to hold such power. The regulations czar, Cass Sunstein, has said that animals should have the same legal rights as humans. The science adviser, John Holdren, has advocated putting chemicals in the drinking water or requiring devices that would neutralize fertility, including compulsory abortion.

John Brennan, the terrorism czar, responsible for homeland security, downplayed the near disaster of the Christmas “underpants bomber” and claimed that all possible intelligence that could be secured from him had been in less than an hour after his arrest!

All these czars function in direct contradiction of the long history of such advisers to presidents and in contradiction to the framework of the U.S. Constitution designed to ensure that the executive branch is answerable to Congress.

The function (or lack of it) of elected senators and representatives is ugly enough as seen in the failure of Congress to exercise caution in the passage of bills that affect the economy and the lives of all Americans. The U.S. debt has increased to levels not seen since World War Two. Obamacare was an ugly process of bribery and closed-door deals that resulted in a straight party line vote that was a repudiation of the will of the people.

No one knows what these unelected and unsupervised czars are doing, but you can be sure they all are loyal advocates and agents of the socialist transformation of America.


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Iceland Crisis Report: Banks' Owners Owed the Most

The majority owners of the three largest Icelandic banks, Kaupthing, Landsbanki and Glitnir, and of the investment bank Straumur-Burdarás, were also their largest debtors, as the Special Investigative Commission’s crisis report, which was made public yesterday, has revealed.

According to dv.is, the following statements can be found in the report.

“At Glitnir Bank the largest loan recipients were Baugur Group and companies related to Baugur. The increase in Glitnir’s granting of loans to this group after mid-2007 is especially noteworthy.”

“A change in executives had then occurred, with parties connected to Baugur and FL Group significantly increasing their shares in the bank.” In April 2007, Lárus Welding took over as CEO of Glitnir from Bjarni Ármannsson.

“When Glitnir collapsed, Baugur and related companies owed the bank almost ISK 250 billion [USD 2 billion, EUR 1.5 billion]. That amount equals approximately 70 percent of the bank’s equity basis.”

“The largest shareholder of Kaupthing, Exista, was also its second-largest debtor. The largest debtor was Robert Tchenguiz, shareholder and chairman of Exista. At the collapse of the bank, Exista owed Kaupthing more than ISK 200 billion [USD 1.6 billion, EUR 1.2 billion].”

“At the collapse of Landsbanki, Björgólfur Thor Björgólfsson and companies related to him were the bank’s largest debtors. Björgólfur Gudmundsson was the bank’s third largest debtor. In total, their commitments to the banks were well over ISK 200 billion. That was more than the entire equity of the Landsbanki conglomerate.”

“Björgóflur Thor was also the largest shareholder of Straumur-Burdarás and he was chairman of that bank. Björgólfur Thor and Björgólfur Gudmundsson were both, along with related parties, among the bank’s largest debtors and together they formed its largest group of loan recipients.”

The report also states that the employees of banks are generally not in a good position to evaluate whether the banks’ owners are suitable loan recipients.


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What do your IRS taxes really pay for?

Most taxpayers have no idea what their federal income taxes actually provide. When I ask folks if they know where their IRS check goes I get answers from, “…it pays for the operation of the Federal Government.” to, “… hummm, I really don’t know.” Actually both answers are partially true. Why were the IRS and the Federal Reserve created by the same act of Congress — what is their relationship to the Federal Government?

About a year ago, I made the assertion that the Federal Reserve through the IRS has the power to tax directly by congressional action and indirectly by inflation. It is very easy to see when you understand the “not quite governmental, not quite private” structure of the Federal Reserve System and its taxing arm the IRS.

Here is how it works. Congress passes a law, the House appropriates the funds. The Federal Treasury Department prints the notes for the appropriation. Then the Federal Reserve purchases these notes/paper at the cost of printing, about 4 cents note. A $1bill, $100 bill, or $1000 bond, costs the same 4 cents. The Federal Reserve then loans this money back to the Federal Government at interest based on face value. This interest rate may fluctuate. The cash is then distributed to the regional Federal Reserve banks from which the appropriations are disseminated as per the Congressional mandate.

Now, as the interest climbs with each appropriation, this debt requires payment your taxes – and occasionally the taxes must be increased to keep up with the “can never be paid off by design, debt”. The Federal Reserve profits greatly on this value created out of thin air paid by IRS collected taxes, and OUR REAL ASSET collateral on loans that go into foreclosure/confiscation.

Periodically, the Federal Reserve will ask Congress for an increase in money supply. This indirectly taxes folks by pumping cash into the economy which decreases the buying power of the dollar. This makes it seem as though prices have risen – not the case, the money added causes the value of the dollar to drop. This is the inflation tax. A tax that causes big problems for people with savings or on fixed incomes. The frightening thing is, the FED-IRS has NEVER had it’s books opened to Congressional scrutiny.

On 2/26/09, Representative Ron Paul rose before the House to introduce his “Federal Reserve Transparency Act” HR-1207. In his speech, he said…

“…Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913 the dollar has lost over 95% of its purchasing power, aided and abetted by the Federal Reserve’s loose monetary policy. How long will we as a Congress stand idly by while hard-working Americans see their savings eaten away by inflation? [...] Whenever you question the Fed about the strength of the dollar, they will refer you to the Treasury, and vice versa. The Federal Reserve has, on the one hand, many of the privileges of government agencies, while retaining benefits of private organizations, such as being insulated from Freedom of Information Act requests. [...] The Federal Reserve can enter into agreements with foreign central banks and foreign governments, and the GAO is prohibited from auditing or even seeing these agreements. Why should a government-established agency, whose police force has federal law enforcement powers, and whose notes have legal tender status in this country, be allowed to enter into agreements with foreign powers and foreign banking institutions with no oversight?”

In this unique Federal Reserve/Federal Government relationship the IRS works as the “Taxing Arm For The FED” – NOT the Federal Government which is prohibited from direct taxing at Article 1 section 9 clause 4 of the Constitution! Now you know. Those sneaky-rascal bankers anyway.


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Key Fed, Treasury Actions Shrouded in Government Secrecy

Some crucial financial functions by the Treasury and Federal Reserve reportedly have been shrouded in secrecy by the U.S. government.

The prices of gold and silver have been allegedly suppressed by the Fed through JPMorgan Chase and HSBC, according to a London whistleblower.

Meanwhile, an analysis by a primary dealer in the U.S. Treasuries market shows that domestic banks could account for a large increase in direct bidders for government debt.

The reports come in the wake of economist Robert Reich's claim that the secretiveness of the Federal Reserve means it has no place in a democracy.

"The Fed is not part of the legislative branch," Reich recently wrote in his blog. "Its secret deals … violate the democratic process, if not the Constitution itself."

JPMorgan Chase and HSBC, which do the Federal Reserve's bidding in the precious-metals markets, reportedly have long been the government's lead actors in keeping down the prices of gold and silver.

Andrew Maguire explained to the New York Post JPMorgan's role in the metals pits in both London and here, and how they can generate a profit either way the market moves.

"JPMorgan acts as an agent for the Federal Reserve; they act to halt the rise of gold and silver against the U.S. dollar. JPMorgan is insulated from potential losses [on their short positions] by the Fed and/or the US taxpayer," Maguire, a 40-year veteran of the metal pits, told the Post.

"HSBC conducts an ongoing manipulative concentrated naked short position in gold. Silver is much easier to manipulate due to its much smaller [market] size," said Maguire, a former Goldman Sachs trader working at the London Bullion Market Association.

Maguire was scheduled to testify last week before the Commodities Futures Trade Commission, which is looking into the activities of large banks in the metals market, but was knocked off the list at the last moment.

However, "No one at JPMorgan is familiar with Andrew Maguire," said Brian Marchiony, a company spokesman. HSBC declined to comment.

Meanwhile, domestic banks could account for a large increase in direct bidders for government debt, Reuters reported.

The presence of direct bidders, one of three main categories of participants at Treasury auctions, has increased during recent auctions of securities.

Primary dealers, the banks and investment firms authorized to deal directly with the government and help the Federal Reserve carry out monetary policy, have fretted over the unpredictability of the direct bid, as well as the paucity of information on the identity of the bidders.

A report from Nomura Securities analyzing the Treasury Department's investor allotments and auction data theorizes that domestic banks account for part of the increase in direct bidders.

"With banks still reluctant to lend and the saving rate on the rise, bank assets have been shifting from loans to securities, benefiting from the steep curve," wrote George Goncalves, a fixed income strategist at Nomura.

Treasury data show banks increased their purchases of longer-dated Treasuries just as the percentage of direct bidders began to increase.

The department, which is aware of the identities of bidders but doesn't disseminate the information, welcomes the added participation in auctions as the government continues to issue new debt at a breakneck pace.

"At the March 10-year (note) auction, banks purchased $2.6 billion 10s (the highest on record)," Goncalves wrote. "Meanwhile banks purchased over $3 billion in (30-year bonds) in March too. This is noteworthy as in the past banks rarely went beyond the five-year point in this sort of size."

Nomura's analysis follows a hypothesis by Barclays Capital earlier this year that an increase in the direct bid was driven mainly by domestic money managers and mutual funds attempting to keep their purchases secret from the rest of Wall Street

For his part, Reich says that “Thomas Jefferson put a stop to Alexander Hamilton’s idea of a powerful central bank out of fear it would be unaccountable to the public. The Fed has just proven Jefferson’s point.”

As long as it's merely setting interest rates, Fed secrecy and political independence can be justified, says Reich, who served in three national administrations and was a secretary of labor under President Bill Clinton.

But once it departs from that role and begins putting billions of dollars of taxpayer money at risk — choosing winners and losers in the capitalist system — its legitimacy is questionable, says Reich, now a professor of public policy at the University of California at Berkeley.

The Fed now admits it bailed out Bear Stearns — taking on tens of billions of dollars of the bank's bad loans — in order to smooth Bear Stearns' takeover by JPMorgan Chase, Reich notes.

“The secret Fed bailout came months before Congress authorized the government to spend up to $700 billion of taxpayer dollars bailing out the banks, even months before Lehman Brothers collapsed,” he points out.

“The Fed also took on billions of dollars worth of AIG securities, also before the official government-sanctioned bailout.”


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Bill Murphy of GATA Reveals Whistle-Blower in Gold Price Suppression

Bill Murphy, Chairman of the Gold Anti-Trust Action Committee delivers his testimony about a whistle-blower in the gold price suppression scheme to the Commodity Futures Trading Commission on 3/25/10.

Whistleblower Speaks Out On J. P. Morgan’s Market Manipulation

Do we have another Harry Markopolos here, describing in detail the manipulation of the silver markets by J.P. Morgan to the CFTC? How does this square with the testimony today from the CFTC Commissioners, who seem to indicate that the markets are functioning extremely well, and that investor can have full confidence in them?

I am led to understand that Mr. McGuire had offered to testify before the CFTC today, and that he was refused admittance. I do not know him, or the position he is in within the trading community. I cannot therefore assess his credibility or the validity of any evidence which he may present or possess. But I have the feeling that nothing will come of this.

Remember, there was no action on the Madoff scandal until AFTER his fraud collapsed, and the government was forced to acknowledge Markopolos’ existence. He had been ignored and dismissed by the bureaucrats at the SEC for years because of Madoff’s power and standing with the trading establishment. And of course by those who had an interest in hiding Madoff’s scheme, if nothing else, to promote ‘confidence’ in the markets.

What seems particularly twisted about this is that JPM is the custodian of the largest silver ETF (SLV). Is anyone auditing that ETF, and watching any conflicts of interest and self-trading? Multiple counterparty claims on the same bullion?

If you ever wanted to see a good reason for the Volcker rule, this is it. These jokers are one of the US’ largest banks, with trillions of dollars in unaudited derivatives exposure, and they seem to be engaging in trading practices like Enron did before it collapsed.


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Why should Americans believe anything coming out of Washington?

Washington is the largest publishing center of war rhetoric and sword rattling the world has ever seen. It eclipse’s even the war rhetoric of The Soviet Union and the U.S. combined during any point in the cold war. Today’s rhetoric is more pronounced than President Kennedy’s Cuban Missile crisis. The rhetoric and threats really do not make any sense when you look at what is being said and the promises that have been broken by this President.

Secretary of State Hillary Clinton seems to be the mouthpiece for this verbal diarrhea when she traveled to Doha, Qatar and on to Riyadh, Saudi Arabia to make slimly veiled threats and war announcements. She was asked, by reporters, if the U.S. had intentions of attacking Iran where she answered, “NO”. Since she is known for saying the opposite of what is really happening, my feeling is that they do have plans for an invasion without true negotiations and their minds are made up. Statements from The White House have indicated this also. This feeling is also due to interviews with several people, including people close to Obama, who have said that Obama needs to attack Iran to be reelected in 2012.

During the first week in February, the Treasury announced the freezing of assets from an Iranian construction company that is said, by the White House, to being used for weapons of mass destruction. Where have we heard that excuse before? Just before the invasion of Iraq maybe. This again has no basis of fact or evidence.

An Iranian researcher for The Council on Foreign Relations, Ray Takeyh has said, “the revolutionary guards are increasingly represented in all aspects of governance”. This is a statement that I will visit again.

The Council on Foreign Relations is a secret organization that was founded by John D. Rockefeller when The United States Congress would not join the European Council because of concerns over the reduction of National sovereignty of the United States. The same reason a large number of European nations would not join the European Council, which by the way has become the European Union, EU. Showing that those Countries that did not join were right.

Barrack H. Obama has held and this reporter is not sure if he still does or not, hold a seat on the Council on Foreign Relations being appointed by Henry Kissinger.

Takeyh’s statement sounds ominous but when you factor in the fact that U.S. troops are also being used in the United States for operations unrelated to military service. DUI check points and other random duties also unrelated to military service not including natural disasters. These are the kind of beginnings that our founding fathers warned us about including the ability for a military take over of not only the country but it’s people. This would mean that the U.S. is also increasing the military’s representation in aspects of governance. I see little difference in what Iran is doing and what the U.S. Government is doing.

The Obama White House tries to tell the American populace, depending on which day of the week it seems to be, that Iran is the real enemy because they are enriching Uranium. On other days the real enemy is still Al-Qaida, I wish they could decide which is the real enemy. The enemy seems to change depending on what it is that they are trying to promote.

The fact of the matter is that Iran does not have the enrichment capabilities yet, to make weapons grade uranium. Weapons grade enrichment is an enrichment of 90%. They have only recently become able to enrich at all. The medical enrichment is an enrichment level of 20% that they haven’t gotten to yet. These levels would, by all accounts, be used for x-ray machines and other devises that we in America take for granted. Iran, at this point, seems to be interested in improving the lives of their people. If Iran gets to a 50% level then we could start thinking about what their motives are but this could take years yet.

Why did Osama Bin Laden go to The American Hospital in Dubai, when he met with the CIA Middle East section chief during July 4 – 14, 2001? It is because most countries do not have the medical capabilities as American hospitals. It has been reported that Bin Laden had bladder cancer and was receiving treatment as a CIA asset named Tim Osman. At that point in time, Saudi Arabia had already closed his bank accounts and was on their “wanted list” by the Saudi Government and had his passport declared invalid. He could not have traveled on regular commercial flights. We still do not understand how he traveled to Pakistan after treatment.

Iran has not committed any international crimes. Even his rhetoric about Israel is misquoted propaganda published by the Obama Administration. This is a tactic that has shown its self, not only in the Obama White House but a tactic that was used extensively during the Bush White House.

Propaganda is based on truth twisted into LIES with no evidence for a foundation. We see the same principle during sporting events when commercials use fabulous looking women holding whatever is being sold. The idea is that if you buy the product you to can have this fabulous woman also, or be really cool too.

America has been over dosed on lies from Washington to Wall Street to Main Street, and we fall for it every time it seems. Yes, before my eyes were opened, I fell for the game. One day I thought to myself, “Where, in my life, is that girl in the commercial”. I realized she didn’t exist. She was a fabricated image from corporate Wall Street to get me to buy their products.

These lies are nowhere as dangerous as the call to attack and invade Iran. This action could and probably would create a “nuclear war”. The nuclear part would not come from Iran but from the U.S. and they do not seem to care. I believe that the White House does not believe that the American public would have the will to “check the facts” and will just go along with Obama’s plan. The lie here is that it’s not his plan but the Department of Defense’s.

How can I say nuclear war, lets look at the facts. Our military has no problem with using depleted uranium (known as DU rounds) that are fired by our own soldiers in Iraq. These rounds are also stored in the ammunitions depots across the United States where they affect the general public without their knowledge. We know this because Iraq is now considered the most radioactive country in the world, and we dropped 2 atomic bombs on Japan. These rounds include everything from small arms, M-16’s, to 50 caliber rounds and everything larger. These same Generals do not even tell our soldiers, most of time, what they are firing. Contaminating not only themselves but also when they come home, their families and offspring they will have. The radiation is held in the reproductive organs of the body with a half-life of 4 billion years. This radiation effect’s a persons DNA and is passed on to their unborn children in defective genes creating much higher than normal birth defects. The long-term effects will be written in the coming years.

If our government will do that to our “HERO SOLDIERS’ and the people of Iraq, then what do we expect towards Iran and their innocent people.

Now, lets look at President Barrack Obama and his promises that were made and carried him into the White House.

The first of which is a promise he made in New Hampshire, which carried throughout the campaign. He said, ”I will have no lobbyists or donors in my White House”. This promise and the next were his cornerstone of the campaign. Lets look at Obama’s white house and see if he has kept that promise.

Rohm Emanuel, Obama’s chief of staff is the son of the founder of Israel’s Irqun, a militant Zionist terrorist organization that committed acts against Palestine and British targets. In 1946, members of the group bombed the King David Hotel in Jerusalem, killing 91 people including women and children. This in itself raises questions in my mind about what he is doing in the White House. Rohm Emanuel is a former Wall Street executive, who along with Timothy Geithner engineered the Wall Street bailout that the White House says is 750 billion dollars but several main line news agencies report that it now stands at 30 trillion dollars as of the end of January.

Timothy Geithner was the Chairman of The New York Federal Reserve during the bailout fiasco and was, as mentioned above an engineer of the bailout. He would be considered a lobbyist due to his close connection to financial decisions that were made and his close working relationship with The United States Treasury. Remembering that the Federal Reserve is no more Federal than Federal Express and chartered as an independent corporation owned by offshore banking interests. Those most closely involved are, The Bank of England, The National Bank of Paris, The Bank of Germany, The Royal Bank of The Netherlands among other lesser banks. These are the banks that received most of YOUR BAILOUT FUNDS from AIG and Goldman Sachs.

Ben Bernanke, Treasury Secretary, former chairman of The Federal Reserve Bank; the following comes from wikipedia:

In a letter to Congress from New York State Attorney General Andrew Cuomo dated April 23, 2009, Bernanke was mentioned along with former Treasury Secretary Henry Paulson in allegations of fraud concerning the acquisition of Merrill Lynch by Bank of America. The letter alleged that the extent of the losses at Merrill Lynch were not disclosed to Bank of America by Bernanke and Paulson. When Bank of America CEO Kenneth Lewis informed Paulson that Bank of America was exiting the merger by invoking the “Materially Adverse Change” clause Paulson immediately called Lewis to a meeting in Washington. At the meeting, which allegedly took place on December 21, 2008, Paulson told Lewis that he and the board would be replaced if they invoked the MAC clause and additionally not to reveal the extent of the losses to shareholders. Paulson stated to Cuomo’s office that he was directed by Bernanke to threaten Lewis in this manner.[45] Congressional hearings into these allegations were conducted on June 25, 2009, with Bernanke testifying that he did not bully Ken Lewis. Under intense questioning by members of Congress, Bernanke said, “I never said anything about firing the board and the management [of Bank of America].” In further testimony, Bernanke said the Fed did nothing illegal or unethical in its efforts to convince Bank of America not to end the merger. Lewis told the panel that authorities expressed “strong views” but said he would not characterize their stance as improper.[46]

AIG bailout

According to a January 26, 2010, column in The Huffington Post, a whistleblower has disclosed documents providing “‘troubling details’ of Bernanke’s role in the AIG bailout”. Republican Senator Jim Bunning of Kentucky said on CNBC that he had seen documents which show Bernanke overruled recommendations from his staff in bailing out AIG. The columnist says this raises questions as to whether or not the decision to bail out AIG was necessary. Senators from both parties who support Bernanke say his actions averted worse problems and outweigh whatever responsibility he may have for the financial crisis.[47]

Mark Patterson, appointed by Timothy Geithner as his Chief of Staff, lobbyist for Goldman-Sachs during the TARP and Wall Street Bailout.

Leon Panetta, Director of The CIA, a lobbyist for several Wall Street firms when the bailout was being put into place.

William Lynn, now the #2 person at the Department of Defense, was the lead lobbyist for defense contractor Raytheon, which was a major contractor for the “Super Secret” HAARP Project during the 1990’s and early part of this century.

George Mitchell, the Lobbyist for the Saudi Arabian Royal Family on Capital Hill, now lead Middle East Envoy.

Tom Dashell, Lobbyist to several Health Care firms, now Secretary of Health and Human Services.

With these people in Obama’s White House I do feel that the promise to not have lobbyists and donors there has been broken.

The next promise that was made was to “NOT USE” executive orders to end-run Congress. He made this statement many times and each time was met with thunderous standing ovations. Being a Constitutional Lawyer he is aware of the fact that these are illegal due to the separation of powers between the President and Congress.

He broke that one the day he took office by signing his first of many executive orders sealing his personal records including a somewhat cloudy “birth certificate”. He also sealed his college records and marriage license. Several discrepancies have surfaced about his college records including a report that Barry Soeto (Barrack H. Obama) received “foreign student aid”. A report out of Columbia University says that he wasn’t a graduate assistant on any level.

Obama is on pace to surpass George W. Bush for signing executive orders and the former President signed more executive orders than any other President in history.

Obviously this promise was broken as soon as Obama took office and hasn’t stopped yet. The New York Times reported on February 15th that the White House is formalizing plans for the signing of a number of executive orders in the near future circumventing Congress.

Obama the candidate, promised to get our soldiers out of Iraq, which hasn’t happened and probably won’t. He also promised to reduce the size of the Department of Defense but in his latest budget has increased the size of defense spending to the largest in the nations history, and increased the number of troops in Afghanistan, a direct opposite of the statements that were made during the campaign.

After these broken campaign promises he then committed TREASON by chairing the United Nations Security Council. The first seated President to do so in direct violation of the Constitution’s prohibition on a seated President holding any other office. Confidential informants report that both Senator Obama and Senator Hillary Clinton attended the July 2008 Bilderberg meeting in Chantilly, VA. Senator Obama spent a whole day and Senator Clinton a half day. Both in Violation of The Logan Act, which, if prosecuted, would be considered acts of Treason.

After the first year of President Obama tenure, we can see that he has broke most if not all the promises that he made to become president.

I still will ask, “Why should anybody believe anything that Washington says?


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Refuse to Pay Government Debt Incurred for Unlawful and Oppressive Purposes ... It Is the Personal Debt of Those Who Ordered It to Be Incurred

There is an established legal principle that people should not have to repay their government's debt to the extent that it is incurred to launch aggressive wars or to oppress the people.

These "odious debts" are considered to be the personal debts of the tyrants who incurred them, rather than the country's debt.

Wikipedia gives a good overview of the principle:

In international law, odious debt is a legal theory which holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, such as wars of aggression, should not be enforceable. Such debts are thus considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.

The doctrine was formalized in a 1927 treatise by Alexander Nahum Sack, a Russian émigré legal theorist, based upon 19th Century precedents including Mexico's repudiation of debts incurred by Emperor Maximilian's regime, and the denial by the United States of Cuban liability for debts incurred by the Spanish colonial regime. According to Sack:

When a despotic regime contracts a debt, not for the needs or in the interests of the state, but rather to strengthen itself, to suppress a popular insurrection, etc, this debt is odious for the people of the entire state. This debt does not bind the nation; it is a debt of the regime, a personal debt contracted by the ruler, and consequently it falls with the demise of the regime. The reason why these odious debts cannot attach to the territory of the state is that they do not fulfil one of the conditions determining the lawfulness of State debts, namely that State debts must be incurred, and the proceeds used, for the needs and in the interests of the State. Odious debts, contracted and utilised for purposes which, to the lenders' knowledge, are contrary to the needs and the interests of the nation, are not binding on the nation – when it succeeds in overthrowing the government that contracted them – unless the debt is within the limits of real advantages that these debts might have afforded. The lenders have committed a hostile act against the people, they cannot expect a nation which has freed itself of a despotic regime to assume these odious debts, which are the personal debts of the ruler.

Patricia Adams, executive director of Probe International (an environmental and public policy advocacy organisation in Canada), and author of Odious Debts: Loose Lending, Corruption, and the Third World's Environmental Legacy, has stated that:

by giving creditors an incentive to lend only for purposes that are transparent and of public benefit, future tyrants will lose their ability to finance their armies, and thus the war on terror and the cause of world peace will be better served.

A recent article by economists Seema Jayachandran and Michael Kremer has renewed interest in this topic. They propose that the idea can be used to create a new type of economic sanction to block further borrowing by dictators.

Jubilee USA notes that creditors may lose their rights to repayment of odious debts:

Odious debt is an established legal principle. Legally, debt is to be considered odious if the government used the money for personal purposes or to oppress the people. Moreover, in cases where borrowed money was used in ways contrary to the people’s interest, with the knowledge of the creditors, the creditors may be said to have committed a hostile act against the people. Creditors cannot legitimately expect repayment of such debts.

The United States set the first precedent of odious debt when it seized control of Cuba from Spain. Spain insisted that Cuba repay the loans made to them by Spain. The U.S. repudiated (refused to pay) that debt, arguing that the debt was imposed on Cuba by force of arms and served Spain’s interest rather than Cuba’s, and that the debt therefore ought not be repaid. This precedent was upheld by international law in Great Britain v. Costa Rica (1923) when money was put to use for illegitimate purposes with full knowledge of the lending institution; the resulting debt was annulled.

The launch of the Iraq war was an unlawful war of aggression. It was based on false premises (weapons of mass destruction and a connection between Iraq and 9/11; see this, this, this, this, this and this). Therefore, the trillions in debts incurred in fighting that war are odious debts which the people might lawfully refuse to pay for.

The Bush and Obama administrations have also oppressed the American people through spying on us - even before 9/11 (confirmed here and here) - harassment of innocent grandmothers and other patriotic Americans criticizing government action, and other assaults on liberty and the rule of law. See this. The monies borrowed to finance these oppressive activities are also odious debts.

The government has also given trillions in bailouts, loans, guarantees and other perks to the too big to fails. These funds have not helped the American people. For example, the giant banks are still not loaning. They have solely gone into speculative investments and to line the pockets of the muckety-mucks in the form of bonuses. PhD economist Dean Baker said that the true purpose of the bank rescues is "a massive redistribution of wealth to the bank shareholders and their top executives". Two leading IMF officials, the former Vice President of the Dallas Federal Reserve, and the the head of the Federal Reserve Bank of Kansas City have all said that the United States is controlled by an oligarchy. PhD economist Michael Hudson says that the financial “parasites” have killed the American economy, and they are "sucking as much money out" as they can before "jumping ship". These are odious debts.

Bush, Cheney, Paulson, Geithner, Summers and others who ordered that these debts be incurred must be held personally liable for them. We the American people are not responsible to creditors - such as China, Saudi Arabia - who have knowingly financed these illegal and oppressive activities which have not benefited the American people, but solely the handful of corrupt politicians who authorized them.

Note: Of course, many mom and pop American investors hold U.S. treasury bonds as well. The size of their haircuts on U.S. bonds might - under a strict reading of the principle of odious debt - depend on whether or not they knew of the unlawful and oppressive activities of the U.S. government. Arguably, small individual investors tend to be much less knowledgeable about such matters than other countries such as China or Saudi Arabia.


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Secret summit of top bankers

THE world's top central bankers began arriving in Australia yesterday as renewed fears about the strength of the global economic recovery gripped world share markets.
Representatives from 24 central banks and monetary authorities including the US Federal Reserve and European Central Bank landed in Sydney to meet tomorrow at a secret location, the Herald Sun reports.

Organised by the Bank for International Settlements last year, the two-day talks are shrouded in secrecy with high-level security believed to have been invoked by law enforcement agencies.

Speculation that the chairman of the US Federal Reserve, Dr Ben Bernanke, would make an appearance could not be confirmed last night.

The event will be dominated by Asian delegations and is expected to include governors of the Peoples Bank of China, the Bank of Japan and the Reserve Bank of India.

The arrival of the high-powered gathering coincided with a fresh meltdown on world sharemarkets, sparked by renewed concerns about global growth and sovereign debt.

Fears countries including Greece, Portugal, Spain and Dubai could default on debt repayments combined with disappointing US jobs data to spook investors.

Australia's ASX 200 slumped 2.4 per cent, to a its lowest close since November 5, echoing a sharp fall on Wall Street.

Asian share markets were also pummelled, with Japan's Nikkei 225 down almost 3 per cent and Hong Kong's Hang Seng slumping 3.3 per cent.

The damage was also being felt by European markets last night with London's FTSE 100 down sagging 1 per cent in early trade.

Sovereign debt fears rippled through to the Australian dollar which was hammered to a four-month low of US86.43 and was trading at US86.77 cents last night.

"This does feel like '08 and '07 all over again whereby we had these sort of little fires pop up and they are supposedly contained but in reality they are not quite contained,'' said H3 Global Advisors chief executive Andrew Kaleel.

"Dubai should have been an isolated incident and now we are seeing issues with Greece, Portugal and Spain.''

It wasn't all bad news with the RBA yesterday upping its Australian growth forecasts and flagging more interest rate rises this year.

The central bank estimates the economy grew 2 per cent in 2009, and will expand by 3.25 per cent in 2010, and by 3.5 per cent in 2011.

The outlook for global growth is likely to be a key theme of the high level central bank talks.

The gathering also comes at an important time for the BIS as it initiates an overhaul of the global banking system which will include new capital rules applying to banks and more stringent standards regulating executive pay.

A key part of the two-day talkfest will be a special meeting of Asian central bankers chaired by the governor of the Central Bank of Malaysia, Dr Zeti Akhtar Aziz.

Influential BIS general manager Jaime Caruana is also expected to take a prominent role in the talks.

Federal Treasurer Wayne Swan will address the central bank officials at a dinner on Monday night.


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