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The “Better Than Cash Alliance” Has an Orwellian Plan
The “Better Than Cash Alliance” Has an Orwellian Plan
In the fall of 1910, under the pretense of a duck hunting trip, a group of powerful bankers, political figures, and businessmen met secretly at Jekyll Island, Georgia, to plan the creation of a central bank for the United States.
The “game” that this elite group of “hunters” brought back to their ivory towers of Lower Manhattan and Capitol Hill was the blueprint for one of the most destructive financial institutions in modern history, theFederal Reserve.
One-hundred years later, another group of powerful bankers, political figures, and businessmen have converged to promote a cashless society.
Ruth Goodwin-Groen, Director of the“Better Than Cash Alliance”
Their ultimate aim: an economic system that would compel every man, woman, and child to utilize corporate, government-monitored electronic systems to make purchases of any kind.
The diabolically named Better Than Cash Alliance is as dangerous as the group of “outdoor enthusiasts” that met at Jekyll Island.
The Jekyll Island group sold their grand plans based on lies (they claimed that the Fed would protect the value of the currency, foster full employment, and guarantee liquidity in times of financial panics). And the Better Than Cash Alliance (BTCA) is promoting the notion of a cashless society based on the farce that eliminating cash would stimulate entrepreneurship among the poor.
Among the problems that come with the elimination of cash, the BTCA would reduce a great many opportunities for entrepreneurship for people of few means.
Gone would be the informal businesses the working poor often operate: roadside produce stands, street performances, handicraft tables, and day labor. Contrary to the assertions of the BTCA, a cash-free society would limit entrepreneurship to those with the means to incorporate a business, afford the proprietary system required to accept electronic payments, and understand the local, state, and federal tax burden the payment system may create.
…click on the above link to read the rest of the article…
“War is just a Racket”: Memorial Day Is A Hoax. “Our Soldiers Died for the Profits of the Bankers”
“War is just a Racket”: Memorial Day Is A Hoax. “Our Soldiers Died for the Profits of the Bankers”
Memorial Day commemorates soldiers killed in war. We are told that the war dead died for us and our freedom. US Marine General Smedley Butler challenged this view. He said that our soldiers died for the profits of the bankers, Wall Street, Standard Oil, and the United Fruit Company. Here is an excerpt from a speech that he gave in 1933:
War is just a racket. A racket is best described, I believe, as something that is not what it seems to the majority of people. Only a small inside group knows what it is about. It is conducted for the benefit of the very few at the expense of the masses.
I believe in adequate defense at the coastline and nothing else. If a nation comes over here to fight, then we’ll fight. The trouble with America is that when the dollar only earns 6 percent over here, then it gets restless and goes overseas to get 100 percent. Then the flag follows the dollar and the soldiers follow the flag.
I wouldn’t go to war again as I have done to protect some lousy investment of the bankers. There are only two things we should fight for. One is the defense of our homes and the other is the Bill of Rights. War for any other reason is simply a racket.
There isn’t a trick in the racketeering bag that the military gang is blind to. It has its “finger men” to point out enemies, its “muscle men” to destroy enemies, its “brain men” to plan war
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The Clintons and Their Banker Friends
The Clintons and Their Banker Friends
The past, especially the political past, doesn’t just provide clues to the present. In the realm of the presidency and Wall Street, it provides an ongoing pathway for political-financial relationships and policies that remain a threat to the American economy going forward.
When Hillary Clinton video-announced her bid for the Oval Office, she claimed she wanted to be a “champion” for the American people. Since then, she has attempted to recast herself as a populist and distance herself from some of the policies of her husband. But Bill Clinton did not become president without sharing the friendships, associations, and ideologies of the elite banking sect, nor will Hillary Clinton. Such relationships run too deep and are too longstanding.
To grasp the dangers that the Big Six Banks (JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley) presently pose to the financial stability of our nation and the world, you need to understand their history in Washington, starting with the Clinton years of the 1990s. Alliances established then (not exclusively with Democrats, since bankers are bipartisan by nature) enabled these firms to become as politically powerful as they are today and to exert that power over an unprecedented amount of capital. Rest assured of one thing: their past and present CEOs will prove as critical in backing a Hillary Clinton presidency as they were in enabling her husband’s years in office.
In return, today’s titans of finance and their hordes of lobbyists, more than half of whom held prior positions in the government, exact certain requirements from Washington. They need to know that a safety net or bailout will always be available in times of emergency and that the regulatory road will be open to whatever practices they deem most profitable.
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Why Banksters Hate Peace
Why Banksters Hate Peace
All Wars Are Bankers’ Wars
Bankers hate peace …
Lee Fang reports:
The possibility of an Iran nuclear deal depressing weapons sales was raised by Myles Walton, an analyst from Germany’s Deutsche Bank, during a Lockheed earnings call this past January 27. Walton asked Marillyn Hewson, the chief executive of Lockheed Martin, if an Iran agreement could “impede what you see as progress in foreign military sales.” Financial industry analysts such as Walton use earnings calls as an opportunity to ask publicly-traded corporations like Lockheed about issues that might harm profitability.
Hewson replied that “that really isn’t coming up,” but stressed that “volatility all around the region” should continue to bring in new business. According to Hewson, “A lot of volatility, a lot of instability, a lot of things that are happening” in both the Middle East and the Asia-Pacific region means both are “growth areas” for Lockheed Martin.
The Deutsche Bank-Lockheed exchange “underscores a longstanding truism of the weapons trade: war — or the threat of war — is good for the arms business,” says William Hartung, director of the Arms & Security Project at the Center for International Policy. Hartung observed that Hewson described the normalization of relations with Iran not as a positive development for the future, but as an “impediment.” “And Hewson’s response,” Hartung adds, “which in essence is ‘don’t worry, there’s plenty of instability to go around,’ shows the perverse incentive structure that is at the heart of the international arms market.”
The President of Stanford University (David Starr Jordan) reported that banksters are the true power behind the throne, and that – for many centuries – they’ve made their fortunes by financing war.
Former managing director of Goldman Sachs – and head of the international analytics group at Bear Stearns in London (Nomi Prins) – notes:
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When It Becomes Serious, First They Lie–When That Fails, They Arrest You
When It Becomes Serious, First They Lie–When That Fails, They Arrest You
When lying is no longer enough to gain compliance, then the organs of security are unleashed on dissent and resistance.
“When it becomes serious, you have to lie.” Jean-Claude Juncker simply gave voice to what the world’s leaders practice on a daily basis, because now it’s always serious.
And why is it now serious? Persuading tax donkeys and debt serfs that everything is going their way is now impossible without lies. Persuading the populace that the leadership is working on their behalf was jettisoned in the wake of the 2008 bailout of bankers and parasites.
Stripped of the artifice that they care about anything other than preserving the wealth of their cronies, global political leaders now rely on propaganda: narratives designed tomanage expectations and perceptions, bolstered by carefully tailored official statistics.
Reliance on lies erodes legitimacy. As the rich get richer and the burdens on tax donkeys and debt serfs increase, the gulf between the official happy-story narrative and reality widens to the breaking point, and faith in the narrative and the leadership espousing it declines.
When 20% of the populace no longer believe the lies and begins questioning the state’s enforcement of the status quo, the government devotes its resources to punishing dissenters and resisters. Whistleblowers are charged with trumped-up crimes; those publicly refuting the status quo’s narrative of lies are harassed and discredited, and those who resist state enforcement of parasitic cronyism are set up, beaten, entrapped, investigated, interrogated and arrested once suitably Kafkaesque charges can be conjured up by the apparatchiks of enforcement.
…click on the above link to read the rest of the article…
Rothschilds – Fact or Disinformation to Protect the Guilty
Rothschilds – Fact or Disinformation to Protect the Guilty
The conspiracy promoters are just not satisfied with the fact that we are screwed and perhaps nobody is in charge to stop or push anything. The days of the Rothschilds owning banks and financing wars is old history, Yet to this day, they paint this family as behind everything. This to me is PROPAGANDA for they are not even on center stage. Hey, as long as the get people to blame them, the NY Bankers are free to bribes all they want and politicians are for sale to the highest bidder. Sorry – but the Rothschilds have been long out-classed by New York. That was 19th century.
No family is worth $500 trillion and the Rothschild do not own every central bank. This is just total propaganda that is the perfect cover for those who are really screwing society. This is the oldest trick in the book – kids play this game: I didn’t do it, he did. Or how about – “The dog age it.”
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Making Me Pay For My Crimes Would Send “Message of Uncertainty to the Markets”: Bank President to Spanish Judge
Making Me Pay For My Crimes Would Send “Message of Uncertainty to the Markets”: Bank President to Spanish Judge
“It’s just a matter of time before injustice prevails…”
A Spanish judge by the name of Fernando Andreu recently violated one of the most important unwritten rules of global finance: namely, that banks and bankers are effectively immune to all laws of all lands (barring, of course, Iceland). As I reported roughly 10 days ago, Andreu had ordered Bankia, its parent company state-owned BFA, the bank’s former chairman, Rodrigo Rato, and three other former directors to pay an €800 million civil liability bond for signing off on fraudulent financial statements in the run up to the bank’s 2011 IPO.
If the defendants fail to cough up the full amount before March 13th, the authorities will embargo assets belonging to them with the equivalent market value. With the clock ticking down and the days flying by, it was just a matter of time before the defendants hit back – and hard!
The Banker Alibi
The first to hit back was Rodrigo Rato, the bank’s former chairman and one-time IMF president. In a 75-page notice of appeal that was leaked to the Spanish press, Rato cautioned that Judge Andreu’s “premature” decision to force the six defendants to compensate the thousands of shareholders they are accused of defrauding could end up provoking a “much greater evil” than that it is supposed to address.
In the worst case scenario, the document warns, it could send a “message of uncertainty to the markets,” which could in turn exert downward pressure (otherwise known as gravity) on the already semi-defunct bank’s share price. This is not the first time that a panicked banker has used this argument; indeed, it is the preferred alibi of all 21st-century banking racketeers.
The argument is simple:
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Spanish Judge Violates Global Rule, Makes Bank President & Former IMF Chief Pay for Financial Crimes
Spanish Judge Violates Global Rule, Makes Bank President & Former IMF Chief Pay for Financial Crimes
Bankers never go to jail. This is one of the unwritten new laws to which most of us have grown wearily accustomed in this new post-crisis reality. Also begrudgingly taken for granted is the fact that a banker’s fortune will never be seized or confiscated by the authorities; in today’s new Gilded Age a banker’s gains, whether ill-gotten or not, are his of hers until death do them part.
However, nobody seems to have told any of this to Fernando Andreu, the Spanish judge investigating Bankia’s allegedly fraudulent and for investors disastrous 2011 IPO. On Friday 13th, he ordered Bankia, its parent company BFA, the bank’s former chairman, Rodrigo Rato, its former deputy chairman, José Manuel Olivas, and former Bankia board members Francisco Verdú and José Manuel Fernández to pay an €800 million civil liability bond for signing off on the bank’s 2010 financial statements – financial statements that were included in the IPO brochure and “whose veracity is questioned with solid and well-founded evidence”.
Referring to a report prepared by Bank of Spain inspectors seconded to the court for the investigation, Judge Andreu said:
From the current experts’ report, it can be seen quite clearly that the financial statements contained in the Bankia IPO pamphlet did not represent a true image of the company.
Breaking with Convention
Two months ago, I wrote that Bankia’s saga of lies, deception, and fraud should (but probably won’t) culminate in the imprisonment of Rodrigo Rato, crippling fines for the auditors (Deloitte), and fireworks at financial regulators [Spanish Judge Exposes Too-Big-to-Fail Bank Robbery].
…click on the above link to read the rest of the article…
If You Listen Carefully, The Bankers Are Actually Telling Us What Is Going To Happen Next
If You Listen Carefully, The Bankers Are Actually Telling Us What Is Going To Happen Next
Are we on the verge of a major worldwide economic downturn? Well, if recent warnings from prominent bankers all over the world are to be believed, that may be precisely what we are facing in the months ahead. As you will read about below, the big banks are warning that the price of oil could soon drop as low as 20 dollars a barrel, that a Greek exit from the eurozone could push the EUR/USD down to 0.90, and that the global economy could shrink by more than 2 trillion dollars in 2015. Most of the time, very few people ever actually read the things that the big banks write for their clients. But in recent months, a lot of these bankers are issuing such ominous warnings that you would think that they have started to write for The Economic Collapse Blog. Of course we have seen this happen before. Just before the financial crisis of 2008, a lot of people at the big banks started to get spooked, and now we are beginning to see an atmosphere of fear spread on Wall Street once again. Nobody is quite sure what is going to happen next, but an increasing number of experts are starting to agree that it won’t be good.
Let’s start with oil. Over the past couple of weeks, we have seen a nice rally for the price of oil. It has bounced back into the low 50s, which is still a catastrophically low level, but it has many hoping for a rebound to a range that will be healthy for the global economy.
Unfortunately, many of the experts at the big banks are now anticipating that the exact opposite will happen instead. For example, Citibank says that we could see the price of oil go as low as 20 dollars this year…
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Yes it is Scary – But Necessary
Yes it is Scary – But Necessary
COMMENT: Hi Martin,
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