11/24. Banks are not lending - the unreported Liquidity Squeeze

Ellen Brown
July 15, 2011

Why aren’t banks lending to local businesses? The Fed’s decision to pay interest on $1.6 trillion in “excess” reserves is a chief suspect.

Where did all the jobs go? Small and medium-sized businesses are the major source of new job creation, and they are not hiring. Startup businesses, which contribute a fifth of the nation’s new jobs, often can’t even get off the ground. Why?

In a June 30 article in the Wall Street Journal titled “Smaller Businesses Seeking Loans Still Come Up Empty,” Emily Maltby reported that business owners rank access to capital as the most important issue facing them today; and only 17% of smaller businesses said they were able to land needed bank financing. Businesses have to pay for workers and materials before they can get paid for the products they produce, and for that they need bank credit; but they are reporting that their credit lines are being cut. They are being pushed instead into credit card accounts that average 16% interest, more than double the rate of the average business loan. It is one of many changes in banking trends that have been very lucrative for Wall Street banks but are killing local businesses.

Why banks aren’t lending is a matter of debate, but the Fed’s decision to pay interest on bank reserves is high on the list of suspects. Bruce Bartlett, writing in the Fiscal Times in July 2010, observed:

Economists are divided on why banks are not lending, but increasingly are focusing on a Fed policy of paying interest on reserves — a policy that began, interestingly enough, on October 9, 2008, at almost exactly the moment when the financial crisis became acute. . .

Historically, the Fed paid banks nothing on required reserves. This was like a tax equivalent to the interest rate banks could have earned if they had been allowed to lend such funds. But in 2006, the Fed requested permission to pay interest on reserves because it believes that it would help control the money supply should inflation reappear.

. . . Many economists believe that the Fed has unwittingly encouraged banks to sit on their cash and not lend it by paying interest on reserves.

...For rest of the story go to Ellen Browns original blog

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11/22. Criminal activities of the Banks in their "Shadow Economy"

July 10, 2011

"People do not understand how money is created - nor do the governments"

Max Kaiser interviews Steve Keen, the Associate Professor in economics and finance at the University of Western Sydney. He classes himself as a post-Keynesian, criticizing both modern neoclassical economics and (some of) Marxian economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include Hyman Minsky, Piero Sraffa, Joseph Alois Schumpeter, and Francois Quesnay. His recent work mostly concentrates on mathematical modeling and simulation of financial instability.He is a Fellow at the Centre for Policy Development.

Most of Steve Keen's recent work focuses on modeling Hyman Minsky's Financial Instability Hypothesis and Irving Fisher's debt deflation.[1][2] The hypothesis predicts that an overly large debt to GDP ratio can cause deflation and depression. Here, the falling of the price level results in a continually rising real quantity of outstanding debt. Moreover, the continued deleveraging of outstanding debts increases the rate of deflation. Thus, debt and deflation act on and react to one another, resulting in a debt-deflation spiral. The outcome is a depression. Steve Keen argues that the current global economic crisis is the result of too much debt.

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11/21. June 30, 2011 - Serfdom for the Greece Begins

June 30, 2011

The first step is now official on the road to enslave Greece, the proud nation with long history.

Ireland is already in slavery, after Greece next will be Portugal, followed by Italy and Spain...dream the leeches spun out from the Balck Ventian Nobility together with Rothschilds and other newborn Khazars.

The peoples EU do not understand yet what hit them. They have been led by the noose to follow the pipers - unaware where they end up going.

Some beacons of light are already emerging, like in Finland the party of the "Persut", properly "Perussuomalaiset", has grown fast and is now, one month after the elections, the largest political party in the country.

The streets of the EU are slowly realizing after Iceland, Ireland and now Greece what the Cartel of the International Bankers are trying to do. This does not promise peace. Instead the likely scenario is that the arizing turmoil will last for several years and maybe it ends peacefully to a desired solution or if not it will culminate to yet another French style revolution from the late 18th century while Royalty is now replaced by the leading Banking Families.

 

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11/19. We were fooled again - Serfdom of the World is here...

June 23, 2011

It is only healthy to have more new Millionaires in the world but having only eight family groups controlling most of the world's money cannot be beneficial nor productive for the peoples of the world.

What about having a little extra cash to spend like the 11 million people of the 7 billion on the planet who saw their wealth to actually grow instead of sinking, like all the pension funds for the ordinary people who lost 40%-50% of their life savings in the aftermath of the September 15th, 2008 crash - that was likely planned to happen on that date.

The wealth of this wealthy group is now $42,700bn (2010) or S42,7 Trillion. How much is this? The global GDP in 2009 was $58.26 Trillion US dollars as per World Bank. This is "only" 73% of the global GDP.

With this the average millionaire owns only a little less than US$ 4 million. Don't get misled by this magic number as the largest number of these millionaire belong to those who are barely above the US$ 1 million mark and below the US$ 2 million in assets.

It would be frightening for all of us to see what is the wealth of such family groups like the Houses of Rothschilds, Windsors, Warburgs, Kuhn Loebs, Moses Seifs, Morgans, Rockefellers, etc...

If anybody could do this analysis that would reveal us the real power players behind the curtains of the world. They decide who will progress and who will fail in Politics and with that the faith of the ordinary people, the free slaves, that never get on time what calamity will hit them next...

These Houses believe currently that the world is over populated and it must be culled one way or the other. The have used wars for centuries to reach their goals but these are getting less and less acceptable among the masses. Too much sherfdom and more or less "free" slavery created the French revolution. It is bocoming easier and easier to join one. Also ordinary people must have tools to perform their daily routines and some of the skills and technologies can be used to kill. Making the life of the masses miserable will bring up revolutions as we see now in the already faltering Arab Spring where the ruling global Houses appear to have been contributing to have both sides playing against each others. As the outcome as an example in Egypt the military remains fully in power, in Tunis the popular party is undermined now by the powers behind curtains, in Libya the situation is a stalemate, in Syria Assad is still there, in Israel the Palestinians cannot agree of prime ministers, etc...

The Financial news repoert the stories as equal misery that hit both rich and poor. However, after the financial crisis of 2008 it was not so at all. The Financial Industry got bailed out while people got nothing but lost jobs, foreclosures on their homes and suddenly exuberantly high interest rates for their debt. The difference here made that the Houses of Rothschilds, Windsors, Warburgs, Kuhn Loebs, Moses Seifs, Morgans, etc., own all meaningful players in the global Financial Industry. This industry could not be destroyed as it would destroy the world economy as their "talking faces" told to masses - means the wealth of their family empires would be destroyed. In reality nothing from the world economy beyond short term disruptions for the flow of trade as the governments and private sector would search for new parties to take over the activities - there are more than enough willing and able parties to do just all that at any moment.

The ultimate wealth destroying tool of these ruling Houses is the US$ 600 Trillion (BIS) derivatives casino they created after their experiments with such companies like e.g. ENRON. This casino rules the whole World as sovereign manipulating all commodity and stock markets as the Houses have decided and it must be the first casualty of the change on route to freedom. Only after this casino has been destroyed peoples of the world can get dream of getting their freedoms back. Destroying this casino might be enough to destroy the exuberant wealth of these Houses but if not it is then up to the people to decide what to do with them. Is it the way of the French revolution or perhaps something much more civilized today.

The references for this article can be found around the globe in today's financial papers.

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11/18. The Federal Reserve Parasite

June 19, 2011 By Dean Henderson

United World Federalists founder James Warburg’s father was Paul Warburg, who financed Hitler with help from Brown Brothers Harriman partner Prescott Bush. [1]

Colonel Ely Garrison was a close friend of both President Teddy Roosevelt and President Woodrow Wilson. Garrison wrote in Roosevelt, Wilson and the Federal Reserve, “Paul Warburg was the man who got the Federal Reserve Act together after the Aldrich Plan aroused such nationwide resentment and opposition. The mastermind of both plans was Baron Alfred Rothschild of London.”

The Aldrich Plan was hatched at a secret 1910 meeting at JP Morgan’s private resort on Jekyl Island, SC between Rockefeller lieutenant Nelson Aldrich and Paul Warburg of the German Warburg banking dynasty. Aldrich, a New York congressman, later married into the Rockefeller family. His son Winthrop Aldrich chaired Chase Manhattan Bank. While the bankers met, Colonel Edward House, another Rockefeller stooge and close confidant of President Woodrow Wilson, was busy convincing Wilson of the importance of a private central bank and the introduction of a national income tax. A member of House’s staff was British MI6 Permindex insider General Julius Klein. [2]

Wilson didn’t need much convincing, since he was beholden to copper magnate Cleveland Dodge, whose namesake Phelps Dodge became one of the biggest mining companies in the world. Dodge bankrolled Wilson’s political career. Wilson even wrote his inaugural speech on Dodge’s yacht. [3]

Wilson was a classmate of both Dodge and Cyrus McCormick at Princeton. Both were directors at Rockefeller’s National City Bank (now Citigroup). Wilson’s main focus was on overcoming public distrust of the bankers, which New York City Mayor John Hylan echoed in 1911 when he argued, “The real menace to our republic is the invisible government which, like a giant octopus, sprawls its slimy length over our city, state and nation. At the head is a small group of banking houses, generally referred to as the international bankers”. [4]

But the Eight Families prevailed. In 1913 the Federal Reserve Bank was born, with Paul Warburg its first Governor. Four years later the US entered World War I, after a secret society known as the Black Hand assassinated Archduke Ferdinand and his Hapsburg wife. The Archduke’s friend Count Czerin later said, “A year before the war he informed me that the Masons had resolved upon his death.”[5]

That same year, Bolsheviks overthrew the Hohehzollern monarchy in Russia with help from Max Warburg and Jacob Schiff, while the Balfour Declaration leading to the creation of Israel was penned to Zionist Second Lord Rothschild.

In the 1920’s Baron Edmund de Rothschild founded the Palestine Economics Commission, while Kuhn Loeb’s Manhattan offices helped Rothschild form a network to smuggle weapons to Zionist death squads bent on seizing Palestinian lands. General Julius Klein oversaw the operation and headed the US Army Counterintelligence Corps, which later produced Henry Kissinger. Klein diverted Marshall Plan aid to Europe to Zionist terror cells in Palestine after WWII, channeling the funds through the Sonneborn Institute, which was controlled by Baltimore chemical magnate Rudolph Sonneborn. His wife Dorothy Schiff is related to the Warburgs. [6]

The Kuhn Loebs came to Manhattan with the Warburgs. At the same time the Bronfmans came to Canada as part of the Moses Montefiore Jewish Colonization Committee. The Montefiores have carried out the dirty work of Genoese nobility since the 13th Century. The di Spadaforas served that function for the Italian House of Savoy, which was bankrolled by the Israel Moses Seif family for which Israel is named. Lord Harold Sebag Montefiore is current head of the Jerusalem Foundation, the Zionist wing of the Knights of St. John’s Jerusalem. The Bronfmans (the name means “liquorman” in Yiddish) tied up with Arnold Rothstein, a product of the Rothschild’s dry goods empire, to found organized crime in New York City. Rothstein was succeeded by Lucky Luciano, Meyer Lansky, Robert Vesco and Santos Trafficante. The Bronfmans are intermarried with the Rothschilds, Loebs and Lamberts. [7]

The year 1917 also saw the 16th Amendment added to the US Constitution, levying a national income tax, though it was ratified by only two of the required 36 states. The IRS is a private corporation registered in Delaware. [8] Four years earlier the Rockefeller Foundation was launched, to shield family wealth from the new income tax provisions, while steering public opinion through social engineering. One of its tentacles was the General Education Board.

In Occasional Letter #1 the Board states, “In our dreams we have limitless resources and the people yield themselves with perfect docility to our molding hands. The present education conventions fade from their minds and, unhampered by tradition, we will work our own good will upon a grateful and responsive rural folk. We shall try not to make these people or any of their children into philosophers or men of learning or men of science…of whom we have ample supply.”[9]

Though most Americans think of the Federal Reserve as a government institution, it is privately held by the Eight Families. The Secret Service is employed, not by the Executive Branch, but by the Federal Reserve. [10]

An exchange between Sen. Edward Kennedy (D-MA) and Fed Chairman Paul Volcker at Senate hearings in 1982 is instructive. Kennedy must have thought of his older brother John when he told Volcker that if he were before the committee as a member of US Treasury things would be much different. Volcker, puffing on a cigar, responded cavalierly, “That’s probably true. But I believe it was intentionally designed this way”. [11] Rep. Lee Hamilton (D-IN) put it to Volcker that, “People realize that what that board of yours does has a very profound impact on their pocketbooks, and yet it is a group of people basically inaccessible to them and unaccountable to them.”

President Wilson spoke of, “a power so organized, so complete, so pervasive, that they had better not speak above their breaths when they speak in condemnation of it.” Rep. Charles Lindberg (D-NY) was more blunt, railing against Wilson’s Federal Reserve Act, which had cleverly been dubbed the “People’s Bill”. Lindberg declared that the Act would, “…establish the most gigantic trust on earth…When the president signs this act, the invisible government by the money power will be legitimized. The law will create inflation whenever the trusts want inflation. From now on, depressions will be scientifically created. The invisible government by the money power, proven to exist by the Money Trust Investigation, will be legalized. The whole central bank concept was engineered by the very group it was supposed to strip of power”. [12]

The Fed is made up of most every bank in the US, but the New York Federal Reserve Bank controls the Fed by virtue of its enormous capital resources. The true center of power within the Fed is the Federal Open Market Committee (FOMC), on which only the NY Fed President holds a permanent voting seat. The FOMC issues directives on monetary policy which are implemented from the 8th Floor of the NY Fed, a fortress modeled after the Bank of England. [13]

In the fifth sub-basement of the 14-story stone hulk lie 10,300 tons of mostly non-US gold, 1/3 of the world’s gold reserves and by far the largest gold stock in the world. [14]

The world of money is increasingly computerized. With the introduction by the Eight Families of complicated financial instruments like derivatives, options, puts and futures; the volume of inter-bank transactions took a quantum leap. To handle this the fed built a superhighway eerily known as CHIPS (Clearing Interbank Payment System), which is based in New York and modeled after Morgan’s Belgium-based Euro-Clear – also known as The Beast.

When the Fed was created five New York banks- Citibank, Chase, Chemical Bank, Manufacturers Hanover and Bankers Trust- held a 43% stake in the New York Fed. By 1983 these same five banks owned 53% of the NY Fed. By year 2000, the newly merged Citigroup, JP Morgan Chase and Deutsche Bank combines owned even bigger chunks, as did the European faction of the Eight Families. Collectively they own majority stock in every Fortune 500 corporation and do the bulk of stock and bond trading. In 1955 the above five banks accounted for 15% of all stock trades. By 1985 they were involved in 85% of all stock transactions. [15]

Still more powerful are the investment banks which bear the names of many of the Eight Families. In 1982, while Morgan bankers presided over negotiations between Britain and Argentina after the Falklands War, President Reagan pushed through SEC Rule 415, which helped consolidate securities underwriting in the hands of six large investment houses owned by the Eight Families: Goldman Sachs, Merrill Lynch, Morgan Stanley, Salomon Brothers, First Boston and Lehman Brothers. These banks further consolidated their power via the merger mania of 1980s and 1990s.

American Express swallowed up both Lehman Brothers-Kuhn Loeb – which had merged in 1977 – and Shearson Lehman-Rhoades. The Israel Moses Seif’s Banca de la Svizzera Italiana bought a 7% stake in Lehman Brothers. [16] Salomon Brothers nabbed Philbro from the South African Oppenheimer family, then bought Smith Barney. All three then became part of Traveler’s Group, headed by Sandy Weill of the David-Weill family, which controls Lazard Freres through senior partner Michel David-Weill. Citibank then bought Travelers to form Citigroup. S.G. Warburg, of which Oppenheimer’s Chartered Consolidated owns a 9% stake, joined the old money Banque Paribas- which merged into Merrill Lynch in 1984. Union Bank of Switzerland acquired Paine Webber, while Morgan Stanley ate up Dean Witter and purchased Discover credit card operations from Sears.

Kuhn Loeb-controlled First Boston merged with Credit Suisse, which had already absorbed White-Weld, to become CS First Boston- the major player in the dirty London Eurobond market. Merrill Lynch – merged into Bank of America in 2008 – is the major player on the US side of this trade. Swiss Banking Corporation merged with London’s biggest investment house S.G. Warburg to create SBC Warburg, while Warburg became more intertwined with Merrill Lynch through their 1998 Mercury Assets tie up. The Warburg’s formed another venture with Union Bank of Switzerland, creating powerhouse UBS Warburg. Deutsche Bank bought Banker’s Trust and Alex Brown to briefly become the world’s largest bank with $882 billion in assets. With repeal of Glass-Steagal, the line between investment, commercial and private banking disappeared.

This handful of investment banks exerts an enormous amount of control over the global economy. Their activities include advising Third World debt negotiations, handling mergers and breakups, creating companies to fill a perceived economic void through the launching of initial public stock offerings (IPOs), underwriting all stocks, underwriting all corporate and government bond issuance, and pulling the bandwagon down the road of privatization and globalization of the world economy.

A recent president of the World Bank was James Wolfensohn of Salomon Smith Barney. Merrill Lynch had $435 billion in assets in 1994, before the merger frenzy had really even gotten under way. The biggest commercial bank at the time, Citibank, could claim only $249 billion in assets.

In 1991 Merrill Lynch handled 26.8% of all global bank mergers. Morgan Stanley did 16.8%, Goldman Sachs 16.3%, Lehman Brothers 16.1% and Credit Suisse First Boston 14.5%. Morgan Stanley did $60 billion in corporate mergers in 1989. By 2007, reflecting the repeal of Glass-Steagel, the top ten NMA advisers in order were: Goldman Sachs, Morgan Stanley, Citigroup, JP Morgan Chase, Lehman Brothers, Merrill Lynch, UBS Warburg, Credit Suisse, Deutsche Bank and Lazard. In the IPO stock underwriting field for 1991 the top four were Goldman Sachs, Merrill Lynch, Morgan Stanley and CS First Boston. In the arena of global privatization for years 1985-1995, Goldman Sachs led the way doing $13.3 billion worth of deals. UBS Warburg did $8.2 billion, BNP Paribas $6.8 billion, CS First Boston $4.9 billion and Paribas-owner Merrill Lynch $4.4 billion. [17]

In 2006 BNP Paribas bought the notorious Banca Nacionale de Lavoro (BNL), which led the charge in arming Saddam Hussein. According to Global Finance, it is now the world’s largest bank with nearly $3 trillion in assets.

The leading US debt underwriters for the first nine months of 1995 bore the same familiar names. Merrill Lynch underwrote $74.2 billion in the US debt markets, or 15.3% of the total. Lehman Brothers handled $52.5 billion, Morgan Stanley $47.4 billion, Salomon Smith Barney $45.6 billion. CS First Boston, Chase Manhattan and Goldman Sachs rounded out the top seven. The top three municipal debt underwriters that year were Goldman Sachs, Merrill Lynch and UBS Paine Webber. In the euro-market the top four underwriters in 1995 were UBS Warburg, Merrill Lynch, Deutsche Bank and Goldman Sachs. [18] Deutsche Bank’s Morgan Grenfell branch engineered the corporate takeover binge in Europe.

The dominant players in the oil futures markets at both the New York Mercantile Exchange and the London Petroleum Exchange are Morgan Stanley Dean Witter, Goldman Sachs (through its J. Aron & Company subsidiary), Citigroup (through its Philbro unit) and Deutsche Bank (through its Banker’s Trust acquisition). In 2002 Enron Online was auctioned off by a bankruptcy court to UBS Warburg for $0. UBS was to share monopoly Enron Online profits with Lehman Brothers after the first two years of the deal. [19] With Lehman’s 2008 demise, its new owner Barclays will get their cut.

Following the Lehman Brothers fiasco and the ensuing financial meltdown of 2008, the Four Horsemen of Banking got even bigger. For pennies on the dollar, JP Morgan Chase was handed Bear Stearns and Washington Mutual. Bank of America commandeered Merrill Lynch and Countrywide. And Wells Fargo seized control over the reeling #5 US bank Wachovia. Barclays got a sweetheart deal for the remains of Lehman Brothers.

Former House Banking Committee Chairman Wright Patman (D-TX), declared of Federal Reserve Eight Families owners, “The United States today has in effect two governments. We are the duly constituted government. Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution”. [20]

Since the creation of the Federal Reserve, US debt (mostly owed to the Eight Families) has skyrocketed from $1 billion to nearly $14 trillion today. This far surpasses the total of all Third World country debt combined, debt which is mostly owed to these same Eight Families, who own most all the world’s central banks.

As Sen. Barry Goldwater (R-AZ) pointed out, “International bankers make money by extending credit to governments. The greater the debt of the political state, the larger the interest returned to lenders. The national banks of Europe are (also) owned and controlled by private interests. We recognize in a hazy sort of way that the Rothschilds and the Warburgs of Europe and the houses of JP Morgan, Kuhn Loeb & Co., Schiff, Lehman and Rockefeller possess and control vast wealth. How they acquire this vast financial power and employ it is a mystery to most of us.”[21]

[1] Behold a Pale Horse. William Cooper. Light Technology Press. Sedona, AZ. 1991. p.81

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

[3] Democracy for the Few. Michael Parenti. St. Martin’s Press. New York. 1977. p.67

[4] Descent into Slavery. Des Griffin. Emissary Publications. Pasadena 1991

[5] The Robot’s Rebellion: The Story of the Spiritual Renaissance. David Icke. Gateway Books. Bath, UK. 1994. p.158

[6] The Editors of Executive Intelligence Review. p.504

[7] Ibid

[8] Ibid

[9] Ibid. p.77

[10] “Secrets of the Federal Reserve”. Discovery Channel. January 2002

[11] The Confidence Game: How Un-Elected Central Bankers are Governing the Changed World Economy. Steven Solomon. Simon & Schuster. New York. 1995. p.26

[12] Icke. p.178

[13] Solomon. p.63

[14] Ibid. p.27

[15] The Corporate Reapers: The Book of Agribusiness. A.V. Krebs. Essential Books. Washington, DC. 1992. p.166

[16] The Editors of Executive Intelligence Review. p.79

[17] “Playing the Middle”. Anita Raghavan and Bridget O’Brian. Wall Street Journal. 10-2-95

[18] Securities Data Corporation. 1995

[19] CNN Headline News. 1-11-02

[20] The Rockefeller File. Gary Allen. ’76 Press. Seal Beach, CA. 1977. p.156

[21] 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.77

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11/17. House of Rockefeller

(June 3, 2011) By Dean Henderson

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.

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.

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.

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.

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.

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.

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.

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.

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

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11/16. House of Morgan


(June 3, 2011) By Dean Henderson

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”

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.”

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.

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.

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.

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.

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.

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.

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11/15. The Horsemen of the Global Banking - the Rothschilds and the eight Families


(May 25, 2011) "

Background and the History of Rothschilds Banking Empire

The special relationship between the USA and UK is alive and well and still significant on the world stage", this coded phrase has been uttered by all US Presidents when they meet their UK counterparts. President Obama was not an exception during his visit to UK (May 25th). This time there was something special in the air as he became the first US President ever that was allowed to address the UK Parliament, the Lords (the fiefdom) and the Commoners (elected) from the Westminster Hall. The foreigners here before him were Pope Benedict XVI, in last September, Nelson Mandela in 1996 and Charles de Gaulle in 1960.

This alliance of the USA and UK keeps repeating also their unwavering support to Israel.

Perhaps the Rothschilds Jewish background demands this expression of servitude? The fiefdom of Baron Nathan Rothschild controls today the world's largest banking empire worth about US$ 12.5 Trillion. The power of this amount of wealth in same hands will force any Nation on earth today to listen and obey. This connection is the only hindrance to peace in the Middle-East. To simplify the interest of 6.9 Billion people on oarth has to serve the interest of 8 ruling but power hungry families.

This empire rules the world from behind the curtains and politiciand who refuse to understand this reality will become former politicians in no time at all. These 8 competing families treat us like cattle driving us from one financial crisis to another, from one war to another when they see to get some benefits for them. This happens for sure every time when they see the middle class gaining in wealth and with that more freedoms.

The internet was a shocker for them but will not yet match their combined wealth power of US$ 20 Trillion. There are only two models that might help the 6.9 billion people: 1) an equally powerful banking empire in war against this one but nothing is in horizon for the next 20 years before the BRIC countries mature and then only if they manage to maintain their independence from these families; 2) a revolution by 6.9 billion caused by excessive financial hardship and food shortages aided by global warming. If the food shortages get out of hands we will see major migrations of people, wide spread serious famine and that just might sprak a real revolution against these secretive rulers. These rulers know this and have been working on a pre-emptive strike through GMO foods that can reduce the fertility of also humans next to nothing in two generations.

The current power cycle of the bankers started in 1815 when Nathan Rothschild took over the City of London in perhaps the largest financial coop ever on earth. Europa was in war and suddenly the outcome from the battle of Waterloo became the key to this all. The industrial revolution had been going on for a while in UK and it was now the industrial center of the world. Wellington won in Waterloo but this was not known in UK as the stroms over English Channel prevented all travel to allow the news spread. The early development and rumors of the outcome were that Napoleon had actually won. With this it was feared that Napoleon would do the same in UK as the revolution had done in France for the Aristocracy.

It was no secret either for the Aristocracy that Baron Rothschild was hiding the wealth of several European Sovereigns and Napoleon had promised him 25% of everything against it. Nathan Rothschild started the day the the Waterloo battle ended and soon enough everybody knew this, and they all started selling everything at any price "any fool" would pay. The Aristocracy know that Rothschild knew the outcome in Waterloo but thei did not know that his secret agents were buying for him from left and right while he continued selling. When all was over in one afternoon Baron Rothschild owned most of the industries of UK and with that he just demanded for the keys to the Bank of England and got them. The coop was complete. He owned now most in the world that was worth owning!

To summarize we may actually have now have an ongoing banking war of supremacy between the European and US banking Emopires. The US banks lost the latest round leading to the market crash of September 15th, 2008. FED knew this date ahead and started pouring money money into the widening hole but when the size soon overwhelmed it. It stopped and all stock markets crashed:

  1. According to the Office of the Comptroller of the Currency, J.P. Morgan Chase (JPM), Bank of America Corp. (BAC), Citibank and Goldman Sachs hold a little over US$ 200 Trillion of the US$ 600 Trillion (BIS data) global derivetives markets. Their derivative positions tie up about US$ 6 Trillion in their cash or cash equivivaklent reserves - a coincidence? This is the amount that the American ordinary tax payer suddenly lost from their pension funds.
  2. JP Morgan Chase, Citigroup, Bank of America and Wells Fargo together they control 52.86% of the New York Federal Reserve Bank (NY FED). These banks for sure knew and kept FED informed of the approaching slaughter due on September 15th, 2008.

 

The Horsemen

The following is written by Dean Henderson ( 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.):

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. The Schiffs are insiders at Kuhn Loeb. The Stillmans are Citigroup insiders, who married into the Rockefeller clan at the turn of the century.

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 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.

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.

If you want to know where the true power center of the world lies, follow the money - cui bono.  According to Global Finance magazine, as of 2010 the world’s five biggest banks are all based in Rothschild fiefdomsUK and France

They are the French BNP ($3 trillion in assets), Royal Bank of Scotland ($2.7 trillion), the UK-based HSBC Holdings ($2.4 trillion), the French Credit Agricole ($2.2 trillion) and the British Barclays ($2.2 trillion).

In the US, a combination of deregulation and merger-mania has left four mega-banks ruling the financial roost.  According to Global Finance, as of 2010 they are Bank of America ($2.2 trillion), JP Morgan Chase ($2 trillion), Citigroup ($1.9 trillion) and Wells Fargo ($1.25 trillion).  I have dubbed them the Four Horsemen of US banking.   

 

Consolidating the US Money Power

The September 2000 marriage which created JP Morgan Chase was the grandest merger in a frenzy of bank consolidation that took place throughout the 1990’s.  Merger mania was fed by a massive deregulation of the banking industry including revocation of the Glass Steagal Act of 1933, which was enacted after the Great Depression to curb the banking monopolies which had caused the 1929 stock market crash and precipitated the Great Depression.

In July 1929 Goldman Sachs launched two investment trusts called Shenandoah and Blue Ridge.  Through August and September they touted these trusts to the public, selling hundreds of millions of dollars worth of shares through the Goldman Sachs Trading Corporation at $104/share.  Goldman Sachs insiders were bailing out of the stock market.  By the fall of 1934 the trust shares were worth $1.75 each.  One director at both Shenandoah and Blue Ridge was Sullivan & Cromwell lawyer John Foster Dulles. [1]

John Merrill, founder of Merrill Lynch, exited the stock market in 1928, as did insiders at Lehman Brothers.  Chase Manhattan Chairman Alfred Wiggin took his “hunch” to the next level, forming Shermar Corporation in 1929 to short the stock of his own company.  Following the Crash of 1929, Citibank President Charles Mitchell was jailed for tax evasion. [2]

In February 1995 President Bill Clinton announced plans to wipe out both Glass Steagal and the Bank Holding Company Act of 1956- which barred banks from owning insurance companies and other financial entities. That day the old opium and slave trader Barings went belly up after one of its Singapore-based traders named Nicholas Gleason got caught on the wrong side of billions of dollars in derivative currency trades. [3]

The warning went unheeded.  In 1991 US taxpayers, already billed over $500 billion dollars for the S&L looting, were charged another $70 billion to bail out the FDIC, then footed the bill for a secret 2 1/2-year rescue of Citibank, which was close to collapse after the Latin American debt crunch hit home.  With their bill’s paid by US taxpayers and bank deregulation a done deal, the stage was set for a slew of bank mergers like none the world had ever seen. 

Reagan Undersecretary of Treasury George Gould had stated that concentration of banking into five to ten giant banks was what the US economy needed.  Gould’s nightmare vision was about to come true.

In 1992 Bank of America bought its biggest West Coast rival Security Pacific, then swallowed up the looted Continental Bank of Illinois for cheap.  Bank of America later took a 34% stake in Black Rock (Barclays owns 20% of Black Rock) and an 11% share in China Construction Bank, making it the nation’s second largest bank holding company with assets of $214 billion.  Citibank controlled $249 billion. [4]

Both banks have since increase their assets to around $2 trillion each.

In 1993 Chemical Bank gobbled up Texas Commerce to become the third largest bank holding company with $170 billion in assets.  Chemical Bank had already merged with Manufacturers Hanover Trust in 1990. 

North Carolina National Bank and C&S Sovran merged into Nation’s Bank, then the fourth largest US bank holding company, with $169 billion in its war chest.  Fleet Norstar bought Bank of New England, while Norwest bought United Banks of Colorado.

Throughout this period US bank profits were soaring, breaking records with each new quarter.  The year 1995 broke all previous records for bank mergers.  Deals totaling $389 billion occurred that year. [5] 

The Big Five investment banks, who had just made boatloads of money steering Latin American debt negotiations, now made a killing steering the bank and industrial merger- mania of the 1980’s and 1990’s.

According to Standard & Poors the top five investment banks were Merrill Lynch, Goldman Sachs, Morgan Stanley Dean Witter, Salomon Smith Barney and Lehman Brothers.  One deal that fell through in 1995 was a proposed merger between London’s biggest investment bank S. G. Warburg and Morgan Stanley Dean Witter.  Warburg chose Union Bank of Switzerland as its suitor instead, creating UBS Warburg as a sixth force in investment banking.

After the 1995 feeding frenzy, the money center banks moved aggressively into the Middle East, establishing operations in Tel Aviv, Beirut and Bahrain- where the US 5th Fleet was setting up shop.  Bank privatizations in Egypt, Morocco, Tunisia and Israel opened the door to the mega-banks in those nations.  Chase and Citibank borrowed money to Royal Dutch/Shell and Saudi Petrochemical, while JP Morgan advised the Qatargas consortium led by Exxon Mobil. [6]

The global insurance industry had a case of merger mania as well.  By 1995 Traveler’s Group had bought Aetna, Warren Buffet’s Berkshire Hathaway had eaten up Geico, Zurich Insurance had swallowed Kemper Corporation, CNA Financial had purchased Continental Companies and General RE Corporation had sunk its teeth into Colonia Konzern AG.

In late 1998 the Citibank colossus merged with Travelers Group to become Citigroup, creating a behemoth worth $700 billion that boasted 163,000 employees in over 100 countries and included the firms of Salomon Smith Barney (a joint venture with Morgan Stanley), Commercial Credit, Primerica Financial Services, Shearson Lehman, Barclays America, Aetna and Security Pacific Financial. [7]

That same year Bankers Trust and US investment bank Alex Brown were swooped up by Deutsche Bank, which had also purchased Morgan Grenfell of London in 1989.  The purchase made Deutsche Bank the world’s largest bank at the time with assets of $882 billion.  In January 2002, Japanese titans Mitsubishi and Sumitomo combined operations to create Mitsubishi Sumitomo Bank, which surpassed Deutsche Bank with assets of $905 billion. [8] 

By 2004 HSBC had become the world’s second largest bank.  Six years later all three behemoths had been eclipsed by both BNP and Royal Bank of Scotland.

In the US, the George Gould nightmare reached its ugly nadir just in time for the new millennium when Chase Manhattan swallowed up Chemical Bank.  Bechtel banker Wells Fargo bought Norwest Bank, while Bank of America absorbed Nations Bank. The coup de grace came when the reunified House of Morgan announced that it would merge with the Rockefeller Chase Manhattan/Chemical Bank/ Manufacturers Hanover machine.

Four giant banks emerged to rule the US financial roost.  JP Morgan Chase and Citigroup were kings of capital on the East Coast.  Together they control 52.86% of the New York Federal Reserve Bank. [9]  Bank of America and Wells Fargo reigned supreme on the West Coast.

During the 2008 banking crisis these firms got much larger, receiving a nearly $1 trillion government bailout compliments of Bush Treasury Secretary and Goldman Sachs alumni Henry Paulsen; while quietly taking over distressed assets for pennies on the dollar. 

Barclays took over Lehman Brothers.  JP Morgan Chase got Washington Mutual and Bear Stearns.  Bank of America was handed Merrill Lynch and Countrywide.  Wells Fargo swallowed up the nation's 5th biggest bank- Wachovia.

The same Eight Families-controlled banks which for decades had galloped their Four Horsemen of oil roughshod through the Persian Gulf oil patch are now more powerful than at any time in history.  They are the Four Horsemen of US banking.

Notes

[1] The Great Crash of 1929. John Kenneth Galbraith. Houghton, Mifflin Company. Boston. 1979. p.148
[2] Ibid
[3] Evening Edition. National Public Radio. 2-27-95
[4] “Bank of America will Purchase Chicago Bank”. The Register-Guard. Eugene, OR. 1-29-94
[5] “Big-time Bankers Profit from M&A Fever”. Knight-Ridder News Service. 12-30-95
[6] “US Banks find New Opportunities in the Middle East”. Amy Dockser Marcus. Wall Street Journal. 10-12-95
[7] “Making a Money Machine”. Daniel Kadlec. Time. 4-20-98. p.44
[8] BBC World News. 1-20-02
[9] 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.74

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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11/14. False Flag Operations!


(May 13, 2011) The wave of Middle East revolutions was a false flag from the start and the ultimate target for the US was indeed Libya all along, insists Ian R. Crane, an independent researcher and campaigner for political truth and integrity.

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The reason for the Western media having certain countries tagged – such as Venezuela, Cuba, Libya, Iraq, Iran, North Korea – is “they all have or had one thing in common – that is they are free of debt of the World Bank. They are not locked in the World Bank or IMF, they have their own banks, they issue their own currency,” said the researcher.

“We also have to recognize the remarkable coincidence between the Gaddafi statement that he was going to start issuing a gold dinar and demanding that his oil is purchased with gold – and the next thing we know we have a popular uprising [in Libya],” points out Crane.

The researcher believes that the ongoing riots in any other country in the region, particularly the clashes between the army and rioters in Syria, “is deliberately contrived to take the attention away from Libya – the goal is Libya.”

“The goal is not just to control the oil in Libya. Libya’s debt was less than one month of its GDP, so it was not debt – it was just a working capital. But it is not just the oil, because in addition to supporting the country, let’s understand that Gaddafi paid a social wage, every Libyan of working age received the equivalent of $US 1,000 a month and it was up to them whether they worked or not,” reveals Crane, saying that Gaddafi was putting money back into the community and also making all education in Libya free.

Another considerable chunk of the oil revenues Gaddafi spent was on an enormous system of underground aqueducts, turning Libya’s part of the Northern Sahara into farmland, thus taking his country another step closer to becoming a regional superpower.

Crane goes on to link Osama Bin Laden’s killing with the “sudden manifestation” of President Barack Obama’s birth certificate that appeared on the White House website, which was immediately considered a forgery by some because “it was still in the Photoshop layers”. Crane says that following the publication, the media, particularly in the US, needed “something of enormous magnitude to take the birth certificate issue off the front pages – so they decided they needed to murder Osama Bin Laden, for what is at least the third time.”

The researcher also recalled previous rumors about Bin Laden being dead before the end of 2001 and mentioned David Frost’s infamous interview with the now late Pakistani politician Benazir Bhutto on November 2, 2007, when she stated categorically that Osama Bin Laden had been murdered by a former MI6 recruit Omar Sheikh.

David Frost made no comment whatsoever and did not question Bhutto on the sensational statement and on 27 December 2007 she was murdered.

“People should not be taking the version of events offered by the mainstream media at face value,” Crane concluded, but rather dig as deep as possible “to establish what we believe to be the truth.”

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11/13. The Next Megatrend Is Here!


May 13, 2011. Like the PC revolution nothing can stop the new megatrend that is on the way. All ingredients are in, tested and the acceleration has started from price breaks that will not end any time soon.

In the background we are running out of affordable fuels like oil, natural gas, shale gas, nuclear, hydro, ethanol or biomass. We are not running out of the hydrocarbons at all but we are running out of inexpensive hydrocarbons. None of the above mentioned fuel sources can provide the solution to our forever increasing energy hunger. It does not help what record the largely ignorant politician and more or less evasive "industry experts" are playing to us today as that is all what they are doing.

There are no more solutions that can solve the problems created by the narrowly thinking of politicians or selfish goals of the industrialist of the yesterday.

The wars around us have nothing to do with democracy or willingness to help other nations to prosper. We are just implementing ruthless colonial policies to extract inexpensive energy from those who have it. This worked well through the last century but no more. The peoples of the world have woken up with internet and know what is theirs and have started defending it by all means they have. At this level is has turned from the money and biggest guns game of the previous centuries to a different game of numbers where only valid count is the number of feet on the ground.

Like the PC revolution it takes a while before this new energy revolution gathers enough momentum but it is moving at accelerating pace offering enormous opportunities to everyone who understands it.

We are living the early age of the new energy net. It is almost like internet and will have hundreds of millions users alreday within a couple of decades. They all isntall new tiny inexpensive power plants to generate electricity, store it and share it through the local power net. This concept is already tested in tens of thousands of places around the globe and proven to work seamlessly with the utilities including the debit and credit billings.

At some point of development in the future 2-3 decades from now we will no more have need to build more large scale power plants. The role of utilities will shift towards maintaining and improving of their power distribution networks instead of building ever larger and larger power stations they must do today.

The power system of the future is simple to understand and operate, and inexpensive. It is also much more secure that the one we have today. The trunk lines are being converted to utilize superconductors that transport huge amounts of electricity almost without losses to where the major needs are at any given moment. The bulk of the electricity generation will slowly shift towards these micro power plants meaning units that can generate only a few kilowatt hours a day of excess electricity and operate more or less randomly depending mostly on the wind, sun, ocean waves and tides.

The typical new ge power generators will be solar cells, small scale wind mills, sun operated mini power turbines and fuel cells utilizing hydrogen and a myriad of other fuels as locally available. All these tiny power plants can store the electricity in batteries that in turn can send or take electricity from the network as needed. The technology to do this all exists and the limiting factor today is only the price that is becoming more and more attractive day by day accelerated further by the forever raising conventional fuel prices.

There is no reason to hurry as the changes that are on the way are huge and far beyond the imagination of most ordinary people. It is like asking someone on the street: what can you do with 100 dollars, or 1000 dollars. When you go to million the answers start getting hazy, billion is beyond comprehension and when you say Trillion you will lose almost everyone whom you encounter. Note that the global derivatives game is today US$ 600 Trillion according to BIS (Switzerland) and this game is played by the largest banks of the world with 4 of them owning a share of US$200 Trillion of it!

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