James Turk’s Outlook for Gold for 2013 to 2015


His is the latest from Jim Turk on Gold and currency. Enjoy- Ed

Published on Dec 20, 2012

Subscribe to our newsletter at http://www.goldmoney.com/goldresearch. GoldMoney Chairman James Turk presents a sequel to his recently released video “Everyone should have a precious metals portfolio” which outlines his views on where the monetary and financial worlds are headed.

In this latest video James provides an update to a longstanding forecast that he made back in 2003 in Barron’s. This interview was widely talked about because whilst the gold price was USD350 at the time, James stated that he envisioned the gold price to be around USD8,000 sometime between 2013-2015.

Now 9 years later, James looks back on this forecast and explains how this original price target was determined. As this timeframe is approaching, James goes on to update this forecast considering the current economic climate.

James argues that the reasons laid out in 2003, that would impact negatively the purchasing power of the dollar, thereby positively impacting the price of gold, are in fact worse than anticipated. A clear concise argument for Gold and Silver ownership from someone who bravely called central banking The Barbarous Relic, in a timeless essay, for the Committee for Monetary Research and Education (CMRE), back in 2006. The essay can be downloaded here:

http://www.goldmoney.com/

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What Lies In Your Debt? – UNITED STATES SENATOR BLASTS THE TOO BIG TO FAIL BANKS, Letter to AG Holder!


What Lies In Your Debt? – UNITED STATES SENATOR BLASTS THE TOO BIG TO FAIL BANKS, Letter to AG Holder!

 

Here is some some very interesting information from my friends at: www.whatliesinyourdebt.com .  Is there a double standard here?  Ed  

 

Hello Everyone,

Here is another crime gone unpunished. Not a single soul will be prosecuted and if any ordinary person were to do the same, well you know I don’t need to say much.

“Our” government… at every level has decided that they do not wish to prosecute the banks, the forgers, the banking criminals and again its all our fault. Why have Americans allowed these criminals to run the country? They… the government… are directly complicit in the improper activities of the banks because, by turning a blind eye toward prosecution or penalty, the governments have allowed the criminal enterprises, (which I truly believe are their business partners), to shield their ill-gotten profits then roll them over into new enterprises.

Read the letter here: http://whatliesinyourdebt.us2.list-manage.com/track/click?u=28c9c98e3f78d37295ea04131&id=561b540ccc&e=c424bc6094

The people of this country have fallen asleep at the wheel and if something isn’t done to stop this path we are on, there will be no turning point, no repairs, and no fixes!

We were watching a show on TV the other night about abused wives and how they just feel like there is no escape, no help, and they just make up excuses for their abusive husbands. That is exactly what’s happened in the U.S., Americans just keep making up excuses for our inability take responsibility for ourselves and our actions, and we have become a society of uneducated, complacent, fearful, insecure, idiots that the rest of the world now laughs at!

We have forgotten how to make our government accountable to us!

Our entire system is run by attorneys full of legal ease, legislators who make big bucks, and a government employees, including all local, state, and federal levels who are more worried about stealing money from the the tax payer to pay themselves than about the responsibility they owe the taxpayer.

You are facing financial ruin, foreclosure, working two jobs for what… to support the same government offices, agencies, and employees that are living pretty darned comfortable from your hard work.  They reap the benefits while you and your kids suffer… this is a democracy?

This is what America is supposed to be like!  The Surfs supporting the rest while having to take the scraps!  USA today reports that Federal workers earn double what the private citizen earns: http://whatliesinyourdebt.us2.list-manage.com/track/click?u=28c9c98e3f78d37295ea04131&id=a9ccce676a&e=c424bc6094

What!

When in fact, the Supreme court decided that corporations where people, I really thought those judges had lost their minds.  How can you treat the Easter Bunny as a person?  Try and put HSBC in jail… you can’t.  Try and pull HSBC over and give them a ticket for speeding… you can’t!  If we are to treat the corporations as people, then we need to prosecute them as people. Until that day comes, corporations should not be treated as people but rather the fiction that they are.

Keep up the good fight,

The staff
www.whatliesinyourdebt.com

Is your mortgage securitized?  Find out for free…. go to: www.whatliesinyourmortgage.com

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THE NEWS Live: The Fiscal Cliff – The logical result of the Rothschild-owned FED


 

Here is my friend Alfred Lambremont Webre’s weekly newscast. Alfred is very diligent in reporting verified facts only. Enjoy. Ed

 

THE NEWS Live: The Fiscal Cliff – The logical result of the Rothschild-owned U.S. Central Bank (The Fed)

WATCH ON YOU TUBE – LIVE AT 6 PM PST/AND ON ARCHIVE:

THE NEWS Live: The Fiscal Cliff – The logical result of the Rothschild-owned U.S. Central Bank (The Fed)

The Federal Reserve is a private central bank designed to provide debt-based currency to the United States of America, and create a perpetual fiscal cliff for the USA.

The banks that own the Federal Reserve System are beneficially owned by the Rothschild-led City of London bloodline bankers according to a 1976 U.S. Senate committee report.

THE NEWS Live for Dec. 14, 2012 with Alfred Lambremont Webre. THE NEWS Live with Alfred Lambremont Webre is streamed live every Friday at 6 pm Pacific, 7 pm Mountain, 8 pm Central, 9:00 pm Eastern, 1:00 AM GMT

at http://www.youtube.com/ExopoliticsTV. Each live broadcast is accessible immediately afterwards on archive at ExopoliticsTV.

“THE NEWS Live reports the news that the Main Stream News is designed to hide.”

Change is on the Horizon Part 3 of 3 The Farmer Claims Program


 

Here is an excellent video on the “Farmers Claims” lawsuits. I will be sharing additional information on this topic. Ed

 

Change is on the Horizon is the epic story of how the world lost its soul and how it will gain it back. Directed and narrated by James Rink.

Part 1 Dawn of the Golden Age – Discuses how Saint Germain helped bring about the beginnings of a enlightened era which soon fell into darkness under the helms of the Illuminati and a corrupted masonic order.

Part 2 – The American Federal Empire. America was always meant to be always a shinning beacon of freedom and prosperity to the world. But the machinations of British bankers and the Rothschild’s soon destroyed all that was once good in this great land.

Part 3 – The Farmer Claim Program – Discuses how a class action lawsuit brought about in the early 1990’s lead to the creation of NESARA, the National Economic Security and Reformation Act which will ultimately tear apart the New World Order and bankers plans right out from under their feet.

What We Could Accomplish in the USA with Interest-Free, Government-Issued Currency


Yekaterinburg, Russia. BRIC (Brazil, Russia, India and China) leaders during the 1st BRIC summit, June 16, 2009. (Photo credit: Wikipediaby OpEdNews)

Thanks to my friend Jean of;  http://jhaines6.wordpress.com/  Ed

By Richard Clark (about the author) Permalink (Page 1 of 2 pages)
OpEdNews Op Eds 12/6/2012 at 15:28:06

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First a bit of history to let you see how we got to where we are:

The federal government has been paying ever more interest on its ever growing indebtedness for more than 200 years. James Jackson, Congressman from Georgia, predicted in 1790 that this would happen in a speech he made to the First Congress. Jackson warned that passing Alexander Hamilton’s plan to base the country’s money supply on the existing federal debt of $75 million would “settle upon our posterity a burden which they can neither bear nor relieve themselves from.” He further predicted that “in the course of a single century it would be multiplied to an extent we dare not think of.” More specifically he clearly saw that Hamilton’s plan would put in place an exponential process of debt growth. To support his warning he cited the experience of Florence, Genoa, Venice, Spain, France, and England.

Hamilton’s clever (but unrealistic) plan was for Congress to commit the country to pay interest on the debt until the debt was paid off. In the meantime the debt certificates would circulate as money. He argued that this would turn the $75 million debt into a $75 million money supply. The problem was that interest payments on this indebtedness would have to come out of the money supply. And this would steadily reduce the quantity of money that remained in circulation — and thereby cause recession — unless ever more new borrowing forever returned the paid-out interest money back into circulation. Thus the history of federal government finance revealed early-on the periodic swings that were in store for us — swings between debt reduction-and-recession, . . and debt increase (further indebtedness) and temporary recovery, which have plagued us ever since.

The power to deal with this problem, which Congress has neglected all these years, is the power “to “coin’ (create) money and regulate the value thereof,” as stipulated in the U.S. Constitution

Congress has overused its power to borrow money on the credit of the United States. According to the Federal Reserve, 98% of the U.S. money supply is borrowed, and only 2% is “coined,’ i.e. created by the government.

Conclusion: The First Congress got us off on the wrong track. It should have simply created (coined) $75 million in currency and paid off the debt!

So why did the First Congress borrow instead of “coin’ (i.e. create) the money the country needed?

Newspapers at the time accused members of Congress of acting to serve their own interests. And in retrospect, this does appear to be the case: Congress sent agents into the countryside to buy up debt certificates that the general public thought were worthless or nearly so. Once this was done, Congress cleverly passed the Funding Act, knowing that it would give themselves and their heirs a source of income that would grow exponentially with the debt.

For every debtor there is a creditor. What the members of Congress understood, but which the gullible public did not, is that a $4 trillion debt for debtors, represents $4 trillion in claims for the creditors! And the members of Congress were the creditors.

To get us out of this historically-set trap, today’s Congress has a range of options

First, it could simply stop paying interest on the debt. Keep in mind that interest is the fuel that is exploding the debt. So cut off the fuel and stop the explosion. Since 1790 over $3 trillion in interest-payment obligations have been added to the original $75 million debt. So, cutting out interest payments would immediately cut the annual deficit (that taxpayers must pony up each year) by about $300 billion. (Experience shows that all other conventional actions, no matter how painful, do no more than slightly slow the rate of debt growth.) Then Congress could actually and realistically begin the process of paying off the debt, using newly created, government-issued (not borrowed) money.

One thing that will make it difficult to stop the payment of huge amounts of interest that cripples our economy

As we all know, the monied elite control politics. And with the cessation of interest payments to those who have loaned the country money (by buying its treasury bonds), many amongst this monied elite would have their incomes significantly reduced. Insurance companies and pension funds, too, are invested in federal debt, i.e. they too own treasury bonds — and foreign holders would also be upset, for they likewise are heavily invested in these status-quo financial arrangements, corrupt though these arrangements may be. Economically, however, we as a country simply cannot for very much longer continue to add compounding interest payments to our existing and gargantuan indebtedness.

Another set of problems

The biggest debtor is not the federal government. It is business corporations, and it is impossible for them to forever increase the physical production of goods and services in order to keep up with the exponential debt growth that plagues them. And yet, if they are to remain profitable, their production and sales must keep up with the debt growth. Problem is, many of them will, in the long term, not be able to do this. Why not? Because the wages they pay their workers will never be enough to let them (the workers) buy all of the growing amounts of products and services the business owners must sell, in order pay the rising amounts of interest on their exponential debt growth.

The result of all this will be that many of these businesses will necessarily fail, and layoffs will consequently continue at a high rate. Unlike the indebtedness of these businesses, the physical economy has limits. So the result is not only going to be growing unemployment and therefore shrinking wages (as ever larger numbers of newly unemployed workers compete with each other and attempt to underbid each other). The result is also going to be inflation that constantly reduces the buying power of wages. (The more interest payments these businesses have to pay, the more they are going to have to raise their prices in order to stay in business.)

Read more…

The Coming Derivatives Panic That Will Destroy Global Financial Markets


The Coming Derivatives Panic That Will Destroy Global Financial Markets

Here is an interesting post I found from my friends blog at:  http://chasvoice.blogspot.com/  Ed

 

Source:  http://theeconomiccollapseblog.com/archives/the-coming-derivatives-panic-that-will-destroy-global-financial-markets

When financial markets in the United States crash, so does the U.S. economy.  Just remember what happened back in 2008.  The financial markets crashed, the credit markets froze up, and suddenly the economy went into cardiac arrest.  Well, there are very few things that could cause the financial markets to crash harder or farther than a derivatives panic.  Sadly, most Americans don’t even understand what derivatives are.  Unlike stocks and bonds, a derivative is not an investment in anything real.  Rather, a derivative is a legal bet on the future value or performance of something else.  Just like you can go to Las Vegas and bet on who will win the football games this weekend, bankers on Wall Street make trillions of dollars of bets about how interest rates will perform in the future and about what credit instruments are likely to default.  Wall Street has been transformed into a gigantic casino where people are betting on just about anything that you can imagine.  This works fine as long as there are not any wild swings in the economy and risk is managed with strict discipline, but as we have seen, there have been times when derivatives have caused massive problems in recent years.  For example, do you know why the largest insurance company in the world, AIG, crashed back in 2008 and required a government bailout?  It was because of derivatives.  Bad derivatives trades also caused the failure of MF Global, and the 6 billion dollar loss that JPMorgan Chase recently suffered because of derivatives made headlines all over the globe.  But all of those incidents were just warm up acts for the coming derivatives panic that will destroy global financial markets.  The largest casino in the history of the world is going to go “bust” and the economic fallout from the financial crash that will happen as a result will be absolutely horrific.

There is a reason why Warren Buffett once referred to derivatives as “financial weapons of mass destruction”.  Nobody really knows the total value of all the derivatives that are floating around out there, but estimates place the notional value of the global derivatives market anywhere from 600 trillion dollars all the way up to 1.5 quadrillion dollars.

Keep in mind that global GDP is somewhere around 70 trillion dollars for an entire year.  So we are talking about an amount of money that is absolutely mind blowing.

So who is buying and selling all of these derivatives?

Well, would it surprise you to learn that it is mostly the biggest banks?

According to the federal government, four very large U.S. banks “represent 93% of the total banking industry notional amounts and 81% of industry net current credit exposure.”

These four banks have an overwhelming share of the derivatives market in the United States.  You might not be very fond of “the too big to fail banks“, but keep in mind that if a derivatives crisis were to cause them to crash and burn it would almost certainly cause the entire U.S. economy to crash and burn.  Just remember what we saw back in 2008.  What is coming is going to be even worse.

It would have been really nice if we had not allowed these banks to get so large and if we had not allowed them to make trillions of dollars of reckless bets.  But we stood aside and let it happen.  Now these banks are so important to our economic system that their destruction would also destroy the U.S. economy.  It is kind of like when cancer becomes so advanced that killing the cancer would also kill the patient.  That is essentially the situation that we are facing with these banks.

It would be hard to overstate the recklessness of these banks.  The numbers that you are about to see are absolutely jaw-dropping.  According to the Comptroller of the Currency, four of the largest U.S. banks are walking a tightrope of risk, leverage and debt when it comes to derivatives.  Just check out how exposed they are…

JPMorgan Chase

Total Assets: $1,812,837,000,000 (just over 1.8 trillion dollars)

Total Exposure To Derivatives: $69,238,349,000,000 (more than 69 trillion dollars)

Citibank

Total Assets: $1,347,841,000,000 (a bit more than 1.3 trillion dollars)

Total Exposure To Derivatives: $52,150,970,000,000 (more than 52 trillion dollars)

Bank Of America

Total Assets: $1,445,093,000,000 (a bit more than 1.4 trillion dollars)

Total Exposure To Derivatives: $44,405,372,000,000 (more than 44 trillion dollars)

Goldman Sachs

Total Assets: $114,693,000,000 (a bit more than 114 billion dollars – yes, you read that correctly)

Total Exposure To Derivatives: $41,580,395,000,000 (more than 41 trillion dollars)

That means that the total exposure that Goldman Sachs has to derivatives contracts is more than 362 times greater than their total assets.

To get a better idea of the massive amounts of money that we are talking about, just check out this excellent infographic.

How in the world could we let this happen?

And what is our financial system going to look like when this pyramid of risk comes falling down?

Our politicians put in a few new rules for derivatives, but as usual they only made things even worse.

According to Nasdaq.com, beginning next year new regulations will require derivatives traders to put up trillions of dollars to satisfy new margin requirements.

Swaps that will be allowed to remain outside clearinghouses when new rules take effect in 2013 will require traders to post $1.7 trillion to $10.2 trillion in margin, according to a report by an industry group.

The analysis from the International Swaps and Derivatives Association, using data sent in anonymously by banks, says the trillions of dollars in cash or securities will be needed in the form of so-called “initial margin.” Margin is the collateral that traders need to put up to back their positions, and initial margin is money backing trades on day one, as opposed to variation margin posted over the life of a trade as it fluctuates in value.

So where in the world will all of this money come from?

Total U.S. GDP was just a shade over 15 trillion dollars last year.

Could these rules cause a sudden mass exodus that would destabilize the marketplace?

Let’s hope not.

But things are definitely changing.  According to Reuters, some of the big banks are actually urging their clients to avoid new U.S. rules by funneling trades through the overseas divisions of their banks…

Wall Street banks are looking to help offshore clients sidestep new U.S. rules designed to safeguard the world’s $640 trillion over-the-counter derivatives market, taking advantage of an exemption that risks undermining U.S. regulators’ efforts.

U.S. banks such as Morgan Stanley (MS.N) and Goldman Sachs (GS.N) have been explaining to their foreign customers that they can for now avoid the new rules, due to take effect next month, by routing trades via the banks’ overseas units, according to industry sources and presentation materials obtained by Reuters.

Unfortunately, no matter how banks respond to the new rules, it isn’t going to prevent the coming derivatives panic.  At some point the music is going to stop and some big financial players are going to be completely and totally exposed.

When that happens, it might not be just the big banks that lose money.  Just take a look at what happened with MF Global.

MF Global has confessed that it “diverted money” from customer accounts that were supposed to be segregated.  A lot of customers may never get back any of the money that they invested with those crooks.  The following comes from a Huffington Post article about the MF Global debacle, and it might just be a preview of what other investors will go through in the future when a derivatives crash destroys the firms that they had their money parked with…

Last week when customers asked for excess cash from their accounts, MF Global stalled. According to a commodity fund manager I spoke with, MF Global’s first stall tactic was to claim it lost wire transfer instructions. Then instead of sending an overnight check, it sent the money snail mail, including checks for hundreds of thousands of dollars. The checks bounced. After the checks bounced, the amounts were still debited from customer accounts and no one at MF Global could or would reverse the check entries. The manager has had to intervene to get MF Global to correct this.

How would you respond if your investment account suddenly went to “zero” because the firm you were investing with “diverted” customer funds for company use and now you have no way of recovering your money?

Keep an eye on the large Wall Street banks.  In a previous article, I quoted a New York Times article entitled “A Secretive Banking Elite Rules Trading in Derivatives” which described how these banks dominate the trading of derivatives…

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.

The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.

According to the article, the following large banks are represented at these meetings: JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup.

When the casino finally goes “bust”, you will know who to blame.

Without a doubt, a derivatives panic is coming.

It will cause the financial markets to crash.

Several of the “too big to fail” banks will likely crash and burn and require bailouts.

As a result of all this, credit markets will become paralyzed by fear and freeze up.

Once again, we will see the U.S. economy go into cardiac arrest, only this time it will not be so easy to fix.

Do you agree with this analysis, or do you find it overly pessimistic?  Please feel free to post a comment with your thoughts below…

Dinar Trade Holiday Promotion


Enjoy this information from my friend Ali of Dinar Trade Inc. Ed

logo_holiday_bow

NEW INDONESIAN CURRENCY ~ MILLION IQD PROMOTION ~ DIRECT EXCHANGE

Dear Valued Customer,

We would like to sincerely thank each and every one of you for your valued business and loyalty to Dinar Trade. To show our appreciation, we are pleased to offer a Holiday promotion for the purchase of Iraqi Dinars. We continually adjust our prices according to the markets in the Middle East and can give the most competitive and transparent prices EVER ADVERTISED for the Dinar.

IRAQ DINAR PROMOTION
If you purchase 1 million Iraqi Dinars, we will include 15 1,000 Dinar notes FREE.
If you purchase 2 million Iraqi Dinars, we will include 30 1,000 Dinar notes FREE.
If you purchase 3 million Iraqi Dinars, we will include 45 1,000 Dinar notes FREE.

Basically, for every million Iraqi Dinars purchased, you will receive an additional 15 1,000 Dinar notes FREE. That means for a million Dinar purchase for $980.00, you will actually be purchasing the order for $950.00 when you add the promotional IQD to the total sale.

LESS THAN ONE MILLION IQD PROMOTION:
If you purchase 100,000 Iraqi Dinars, we will include one 1,000 Dinar note FREE.
If you purchase of 200,000 Iraqi Dinars, we will include two 1,000 Dinar notes FREE.
If you purchase of 300,000 Iraqi Dinars, we will include three 1,000 Dinar notes FREE.

We are also introducing the new currency of Indonesia. To read more about the Indonesian Rupia, please visit our page on Why Indonesia? covering the growth of this exciting oppourtunity. It is also immediately available from our currency order from.

Dinar Trade is also making available direct exchanges between many of the currencies we offer without the requirement of going through the U.S. Dollar.

We at Dinar Trade have you in mind with the creation of the most secure and innovative ways to buy or sell your foreign currency holdings. We hope that you will continually do business with us for your foreign currency needs.

Many blessings and Happy Holidays,
D Trade Inc
sales@dinartrade.com
www.dinartrade.com
1-877-770-7660
1-702-534-6711

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With 60 Million Websites, WordPress Rules The Web. So Where’s The Money?


I feel this article may Inspire you to create your own blog.  Ed

 

http://www.forbes.com/sites/jjcolao/2012/09/05/the-internets-mother-tongue/

 

 

With 60 Million Websites, WordPress Rules The Web. So Where’s The Money?

This story appears in the September 24, 2012 issue of Forbes.

Matt Mullenweg was a 19-year-old freshman at the University of Houston when he clicked “publish” on a new blog post. His personal website, Photomatt.net, was growing, he explained, but he needed a better publishing tool to replace the neglected, open-source software called b2 that he preferred. “It would be nice to have the flexibility of Movable Type, the parsing of TextPattern, the hackability of b2 and the-ease-of-setup of Blogger,” he mused, citing the popular blogging services of the day. “Someday, right?”

That hit-the-button moment on Jan. 24, 2003 can’t quite compare with Cyrus Field’s first transatlantic telegraphic message or the flick of George Westinghouse’s electric switch at the World’s Columbian Exposition. But Mullenweg made his own history. He immediately set out to create WordPress, the online publishing software that is now the Web’s lingua franca–the world’s leading blogging platform and the crown jewel of Automattic, the San Francisco outfit Mullenweg runs with CEO Toni Schneider, a veteran developer, entrepreneur and venture capitalist.

 

The Federal Reserve Cartel: Part I: The Eight Families


I saw this on my friend Jean’s blog;  http://jhaines6.wordpress.com/ .  Thanks Jean.  Ed

 

http://www.veteranstoday.com/2012/12/04/the-federal-reserve-cartel-part-i-the-eight-families/

 

The Federal Reserve Cartel: Part I: The Eight Families

by Dean Henderson

(Excerpted from Chapter 19: The Eight Families: Big Oil & Their Bankers in the Persian Gulf… Part one of a five-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 ofAmsterdam, 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]

The Federal Reseve Bank

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 YorkFederal 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.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, DuPont, 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 toHungary 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 that 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 theBermuda 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 theWorld 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

Dean Henderson is the author of Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network, The Grateful Unrich: Revolution in 50 Countries and Das Kartell der Federal Reserve.  Subscriptions to his Left Hook blog are FREE at www.deanhenderson.wordpress.com

Footnotes:

[1] 10K Filings of Fortune 500 Corporations toSEC. 3-91[2] 10K Filing of US Trust Corporation toSEC.6-28-95

[3] “The Federal Reserve ‘Fed Up’. Thomas Schauf. http://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 CompanyNew 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.BridgeofLove.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

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