Understand History To Understand The Current Markets

Bob Chapman
International Forecaster
August 20, 2011

The Fed has been behind all the failings of the markets, Europe now a disaster waiting to happen, about leveraged speculation and counterparty risk, now we have an escalating debt crisis, the perpetual creation of money is the theft of the value of labor due to the inflation that is caused.

Every professional has their own method of analyzing markets, finance and economies, and some do well coming up with the direction of social and political issues as well. The other 97% miss one-half to two-thirds of the time. That is not very good and one asks why? The answer is simple they really haven’t studied history as well as they should have.

Some believe that the crisis in Europe is the heart of today’s problems. It certainly is a strong integral part, but not the primary causation. The 3-year old finance bubble was created by the Federal Reserve, which began the situation starting in 1993. We saw the dotcom boom, which they could have stopped in its tracks. All they had to do is raise margin requirements from 50% to 60% temporarily. After that collapse in mid-March 2000, they decided rather than purge the systems, as they as well should have done in 1990-92, they created another bubble in real estate. They have been trying to recover from that bubble and other layover problems since we’d say 2000.

Yes you can blame Europe for its part, but the blame lies with the Bank of England, the European Central Bank, and the banks and personages, who control those entities. Those in England, Europe and in the US, who control business, finance and economics from behind the scenes, have played the parts they have in order to bring about world government. If you can perceive and accept that from an historical perspective, they you can understand what is really going on.

European banks are struggling with their fundings and credit is drying up. This is what happened in 2008. As a result Europe is a disaster waiting to happen. Europe is finally realizing this is all about debt. The socialists want it go away, just disappear but it does not happen that way. Debt and credit default swaps will in the end rule the day.

Few reflect back to 12 years ago when the Maastricht Treaty was being approved. The cornerstone was public debt that was not supposed to be more than 3% of GP. That did not last long. Then Italy and Greece, with the help of Goldman Sachs and JPMorgan helped these two basket cases qualify for the euro and euro zone by Mickey Mousing their balance sheets. We saw one interest rate fits all and we knew the euro was doomed before it got started. The condition of the euro zone and Europe is certainly terrible, but so are US debt problems. Policy decisions are bad, but not any worse than they are in the US.

We see pundits trying to separate sovereign debt from bank debt. They are one in the same, because the banks control the governments, and tell them what to do. Europe particularly France, was very upset last week when SoGen was rumored to be insolvent. The answer from those accused was rubbish. SoGen has a history of one of the most criminal banks in the world, so what is new. Just more criminality. SopGen and France are under pressure because they own loads of PIIG debt and are being asked to supply more funds to bail out their neighbors, a role they cannot fulfill without going under themselves. The situation France is in is three times worse what it was in 2008. Everyone expects France and Germany to bail out the bankrupts and that cannot happen. Neither the banks nor the governments can continue to do what they have been doing and at the same time control their financial systems and economies. Now you can understand why CDS credit default swaps trade above 180, when they traded at 80 in 2008. We feel that if the six countries in trouble are not allowed to default it will take the other nations under as well. There is much at stake here. Not only the insolvency but also the breakup of the euro zone and the euro and the dream of using them as a template for a new world order.

In addition it is very significant CDS for Brazil jumped from 35 to 152 as did Mexico, which is an indirect result of what is going on in Europe, UK and the mortgage bond market and by cutting back 30% on loans to small and medium sized businesses. Although they are very leveraged in their other operations, such trading and global leveraged speculation include great counterparty risk. This time exposure is somewhat different but the exposure in the theatre could be just as bad risk wise as it was in 2008. Generally speaking they are not long gold and silver bullion and shares, they are for the most part short. The venue that could be very dangerous is derivatives. The way these major banks and countries have become interconnected the danger always persists and once a fallout begins it could bring down all major banks and countries. Don’t let that fact escape you. They dodged the bullet in 2008, but they might not the next time. The carry trade is as large as it has ever been and the cost of borrowing is close to zero, again, encouraging taking on too much risk.

This past two weeks currency markets have seen large swings, especially in second and third tier countries. No one knows the size of carry trades affecting these countries. We have seen a number of countries quickly give up almost all of their dollar gains of the past several months and the Swiss and Japanese have spent billions of dollars trying to push down the value of their currencies, but to no avail. The euro and the dollar have stayed about the same, but we see the euro weaker due to ongoing financial problems, which contrary to conventional wisdom have not been solved. Throughout Europe not only has money been lent at very low rates, but also much of it is uncollectible. This broken European bubble will deflate for some time to some. It will affect all other sovereign debt negatively as well. These are the borrowers of part of that $16.1 trillion that was lent by the Fed over the last few years, which has never been paid back. European banks are buried in debt and the politicians, whom they own, will do their best to protect them. Unfortunately, there is no painless solution. The contagion is underway and the latest meeting to solve these problems was a failure. The latest European version of the issuance of quantitative easing to buy Italian and Spanish bonds will prove to be futile, just another attempt with taxpayer funds to bail out the banks. This possible “Black hole of Calcutta” at this point puts Europe in a worse position compared to the US, which is no piece of cake, and probably won’t far any better in the future. The working out of US problems will just take longer. As each day passes and in spite of the disinformation, confidence in Europe and the US falters and rightly so. The US has no periphery to support essentially Europe does and that is in favor of the US, but ultimately US problems are far more overwhelming.

The recent commitment of the Fed for zero interest rates for the next two years showed great weakness and will in time come back to haunt them. This was another reward for Wall Street speculators and another moldy bone thrown to the nations savers and elderly. There is no question Wall Street and banking, which own the Fed are desperate, to make such a commitment. The decision for QE 3 was made 15-months ago when we predicted it. We could see it coming and we know the decisions of the last 11 years and the pressure being exerted on the Fed will ultimately bring about its demise, and its days of looting the American public will be over. What the Fed and the ECB have done in greed and for their dream of world government is over. We are closing in on payback time, as desperate measures become more noticeable and a solution remains out of their reach. They will pay for what they have done to us.

Even though we expect at least a few more years of unrestrained leveraged speculation, it will then come to an end. It has become a crucial factor for monetary policy championed by both Sir Alan Greenspan and Ben Bernanke. Wall Street and baking love it, because their positions allow them to create inside information, which allows them to make money consistently with little or no risk. We also have the SEC and the CFTC perpetually looking the other way aiding and abetting their criminal behavior. If you add in that there are no limits to what they can do you essentially have an ongoing free for all. This is unrestrained finance via a policy of zero interest rates. This gives Wall Street and banking a license to steal.

All this has caused a bubble and that bubble is in the process of bursting, a product of fiscal and monetary stimulus. That is not only in the US, UK and Europe, but worldwide As a result confidence in the global system is being lost. De-leveraging of bullish bets in markets of bonds and stocks is underway. Ironically these speculators are short gold and silver and the shares. Short covering is in process with some even switching to the long side in the gold and silver bullion and share markets. How any economist could believe that leveraged speculation reduces risk is beyond us. Fortunately the other shoe has dropped and such theory has been disproved.

The result of all this is that we have an escalating debt crisis worldwide and now the experts in and out of government do not have any solutions as to how to rectify the situation. The sovereign debt crisis has been underway since the early 1970s. This experience shows you how long bad things can last. Before this is over trillions of dollars will be defaulted upon. The days of overwhelming stimulus to gain traction in the economy or economies is in the process of being ineffective. We like to call it the law of diminishing returns. The $2.3 to $2.5 trillion we project that the Fed will have to create in the coming fiscal year will at best produce GDP growth of zero. The minute the Fed and Congress stop feeding the system we will be looking at negative growth of 5%. We are headed toward crunch time and there is no avoiding it. Uncertainty and instability are America’s and the world’s next challenge. Currencies are going to react widely. Gold and silver will fly along with the gold and silver shares as a result of debt and falling economies accompanied by inflation. The big problem will not only be de-leveraging, but also the opaque derivative markets and the Exchange Traded Funds, many of which are leveraged. Yes, it will be a very rough ride, so you had best get ready for it. We never had a recovery and the trappings of growth are quickly falling away. Extending the time line for all these problems is coming to an end, but it probably will not be abrupt. There will be all kinds of terrible events, but it looks like the elitists are going to play this out over an extended time frame before they attempt to pull the plug. That means these problems could be extended out five or even ten more years on a degenerating basis. That also means we will continue to have limited wars for financial gain and distraction. The strategy has been and will continue to be to keep creating money and credit and allow inflow to reduce the size of the debt. These comments regarding debt quoting Bernanke and throwing money from helicopters and Greenspan’s admission that the US cannot be downgraded, because it can always print money are flippant and very unprofessional. What they have both done rather than allow the US government to default is to perpetually create money and credit to paper over the economy’s failure. This process increases inflation that quietly steals the value of purchasing power like a thief in the night. Both men can be classified as thieves for having done to the American people and others by stealing the fruits of their labor. This trick used by money masters and politicians for centuries is little understood by the public and most cannot understand how it works and the ultimate ramifications. These characters and others create additional debt, which is followed by other nation’s central banks, which has created a race to the bottom and eventually all nations cannot pay their debts and default. Eventually in order to prevent a collapse in the financial system a meeting is held such as was held at the Smithsonian talks in the early 1970s, or the Plaza Accord in 1985 and the Louvre Accord in 1987. All currencies are revalued and devalued and there is multilateral debt settlement. We believe that is how all this will come about.

Evidentially a deal has been made from behind the scenes to relieve the Fed of having to produce $850 billion in stimulus and that task has been delegated to Mr. Obama. The President, while calling for budget cuts, is calling for $850 billion for stimulus 3. Observing recent actions by Congress some idiotic excuse will be made up and like magic stimulus 3 will appear. We also suggest that the President will use the London rioting as a cause for such stimulus. Remember never let a crisis go to waste. It is sure to be sold in the behalf of preservation of order. We do not believe the powers behind government will get the desired results.

Admittedly, Ben Bernanke inherited a can of worms from Sir Alan Greenspan. Ben has been able to accumulate $3 trillion worth of an assortment of Treasuries, Agencies and CDS, and MBS’s, also known as toxic waste, over the past few years. Those moves decidedly have been negative for the rating of US government debt. The rating really should have been lowered five years ago during the Greenspan years and perhaps even sooner than that. Due to massive increases since 2006 by the Fed we now already are in a bubble.

The 12 person congressional debt commission, we like to refer to as the Obama Enabling Act, patterned after Adolph Hitler’s legislation of 1933, which allowed him to become dictator of Germany, supposedly will produce moderate spending cuts. Knowing that Standard and Poor’s has warned this “Star Chamber” proceeding, which bypasses Congress, that there are not substantial cuts in Social Security and Medicare, that S&P will again lower the US debt rating. Everyone seems to overlook that fact. That means that if there is not large Social Security and Medicare cuts and an increase in taxes, S&P will strike again, and the bond market will burst, and Mr. Bernanke’s house of cards will collapse. As we explained previously the debt extension could have been passed in 15 minutes, but it wasn’t because the powers behind government the Council on Foreign Relations, wanted to chop up SS and Medicare, and to put this panel in place. All is never what it seems to be.

The Federal Reserve Cartel: The Eight Families

by Dean Henderson
June 1, 2011

Part 1 of a four-part series

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

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

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

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

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

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

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

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

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

 The House of Morgan

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 The House of Rockefeller

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

[5] Ibid. p.53

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

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

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

[9] Marrs. p.57

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

[11] Chernow

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

[13] Chernow

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

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

[16] Marrs. p.180

[17] Ibid. p.45

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

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

[20] Ibid

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

[22] Marrs.

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

[24] Marrs. p.53

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

The Footprint of the Establishment

The Powers that Be shaped us in more ways than We think!

By Luis R. Miranda
The Real Agenda
June 10, 2010

Every time we need to know what happened in the past we refer to history books, visit a local library, check the Internet or look into

Human Farming is the Establishment's favourite method to enslave the masses.

our own archives to see what history tells us. But how many times do we wonder about what history doesn’t tell us? See, history is not written by historians, they just give us accounts of that official version of history. The reason why many look back in time is to avoid making the same mistakes that our ancestors made as humanity advanced. But how do we avoid those mistakes if we simply don’t know them?

You don’t have to be an expert in history to figure out who wrote it and why. It takes a couple of clicks nowadays. After finishing college, anyone can surely say, for example, what type of government we have, where our educational system comes from and why we fought and continue to fight bloody wars for decades. Can we?  Really?  What if part of the history you know; the one learned in elementary school, high school and college is not as it is drawn by the books we so carefully read?

If your educated guess to the first question is a Constitutional Democracy or a Republic the answer is wrong. If your answer to the second question is from our Founding Fathers, it is wrong, too. And if your answer to the third question is freedom and independence, it is also wrong.

Let’s take for example the origins of what we call today Government, which many believe is representative. The beginnings of our model of government rests in the Hegelian model of government, not on the model our Founding Fathers would have sketched. The Hegelian model of government believes that IT is supreme, and that individuals must be subjects of the government – i.e Patriot Act, Martial Law, Illegal Spying, Torture, Military Commissions Act, RFID card, etc. But how do the elites that support this kind of governance get away with telling us that we live in a free democracy? They indoctrinate us almost from birth in concentration camps called schools, which not only do not follow a democratic government’s educational policy, but instead, a very well redesigned version of the Prussian Universal Education model, put together by the same elite that pays to publish the history you and I know.

Now, you probably think, how can an elite simply get away with all this? To put it simply in one sentence, it’s called a Political Conspiracy. The elite, better known as the powers that be, not only wrote the history you and I know, but also designed and financed the educational system you and I attended, modeled after the Hegelian form of government they adore and praise. That is why we have no clue about it, because we were born and raised in a Matrix type of environment that seems natural to all.

You are right! There need to be hundreds and thousands of people involved in a conspiracy of such level in order for it to work… and there are… The brain of this conspiracy, the Club Bilderberg, meets once a year in cities of their choosing like Virginia, Versailles, Stresa, Munich, Ottawa, Istanbul and Sitges to discuss global policies on economy, environmentalism, politics, health, trade, immigration, etc. Among the attendees are elements from the Bank Industry, The Military Industrial Complex, Academia, The Pharmaceutical Industrial Complex, Mass Media, and of course the politicians we vote for every four years. In one word, the Elite.

I know… You want me to call them by their names… After reading through lists of Bilderberg attendees over the years, I can absolutely and certainly say that crooks like David Rockefeller, the same Dave whose family financed the Hegelian inspired Universal Education system we studied in, Jose Luis Rodriguez Zapatero, Hillary Clinton, John Edwards, George Pataki, Texas governor Richard Perry, John Kerry, Henry Kissinger, Etienne Davignon, Paul Wolfowitz, Bill Gates, Bill Clinton and Donald Rumsfeld, among others. These and other people who have in their hands the present and future of our world, are the cabal responsible for hiding the truth about history that most of us don’t know. Why? Because they wrote it themselves.

The Footprint the Establishment has left and continues to leave in our lives, our society, and our world began early in the 1800’s. As I said before it is a political conspiracy, that is, the use of political power which is passed around from generation to generation in order to keep the secrecy of their association.

Let’s see how a conspiracy works. First, there has to be a secret meeting. Second, those who meet must agree to a course of action; and third, such action must be illegal. The Establishment, or what many call The Order, derives from a German secret society. The order was included as the Russell Trust in 1856, to later be known as the Brotherhood of Death. To us all, it’s better known as “Skull and Bones. The American version of this Order was founded in the U.S in 1833 at Yale University by General William Russell and Alphonso Taft, who in 1876, became Secretary of War under the Grant administration in the United States. The Order meets annually on Deer Island in the St. Lawrence River. Among the original members are Samuel Henshaw Bates, Rufus Hart, Asahel Hooker Lewis, Samuel Marshall and Frederick Mather. All of these people along with the two founders occupied high level position in early forms of government.

The beginnings of this elite governed group can be traced back to the 1600’s when the first wealthy families arrived to the U.S from England. One example is the Lord family. In this particular case there were two branches: The one from Thomas Lord and the other from Nathan Lord. Later members arose from families who managed to make money to send their children to Yale, such as the Harriman, Payne, Davison and of course Rockefeller. The Lord’s established themselves in Hartford Connecticut where they kept a tradition typical of the elite: Intermarriage; in order to further concentrate and maintain power.

From there, they extended their arms to places like New York, where they founded businesses like law firms and consultancies. Among their clients, the New York Times and the Rubin Foundation. The latter is the financial supporter of the Institute for Policy Studies in Washington DC.

So, now that we know how the establishment got to us, let’s see how it’s left a footprint in three of the most important aspects of our lives: Education, Energy and War.

The concept or idea over which The Order works is control; controlling it all through the compartmentalized control of the parts. For example, if they control the politicians, they can get access to powerful governments on two or three or whatever the number of political parties that exist. If they control energy companies, they can subdue society into accepting only the means of energy they can make a profit of. If they control the media, they can tell us their version of world events; who’s the bad guy and the good guy. If they own the producers of weapons, they will encourage war, and finance all the sides involved in the war because they know the profits and the control derived from war will be much greater. If they own the pharmaceutical companies, they will own all the patents to the drugs the population consumes and at the same time ban any claim on medicinal products they don’t control. If they control the food industry, the production of goods, they can sell cheap food to the masses to make them sick and fat, so they have to consume the illicit drugs they produce which by the way make people sicker. If they control the election process through remotely controlled electronic voting machines instead of traceable paper ballots, they will never let go off power.

Why do I point to Education as an important example of the way the Establishment leaves a footprint? Well, because the complete development of a society rests on the educational level of the members. In the case of the Western world, the educational model was founded after the Prussian Educational mold. This model came into existence in 1819 in the military state of Prussia. There, the Elite decided that the population had to be converted into instruments of the State in order to increase efficiency. The system was based on the premise that by erasing the creative, innovative ability of the population was how they would become obedient servants. In a matter of a few years, Prussia, which did not have natural resources, became one of the richest regions in Germany. It became so influential, that it was later the city from where two world wars originated. It was through a fully controlled educational system designed to dumb down the population, that the Elite was successful in their attempt to impose any policy they wanted to a willingly accepting crowd of mental zombies. Many countries around the world studied and continue to study the Prussian model today. From Japan to China to England to the United States. In America, John D. Rockefeller and Andrew Carnegie imported the Prussian model through their foundations. It later evolved and new concepts appeared. One of them very well known to us all, Human Resources brought upon the masses the infamous Kindergarten, where children are grown up like vegetables to become subjects to the system that saw their parents come up the very same way. Later on, the Elite realized they weren’t getting people young enough so they founded the Pre-Kindergarten.

Behind this system of control was the goal that the Establishment has always had, the disintegration of the most basic form of social unity; the family. The family is the biggest obstacle to create the global system of control, therefore it has to be done away with. Multiple options were offered to parents, among them, to put the children in the hands of “experts” who had been already brainwashed following the Prussian model. The only difference perhaps between the original Prussian system and the one that currently operates around the world, is that in Prussia, the laws explicitly said that the State owned the children. In the U.S efforts were made in the 19th century to create such laws, but they did not bear fruit. The Prussian system was sneaked into society under the fear instilled by world wars, economic depressions and of course the already traditional feeling of dependency that the population has towards the State.

In 1871 in the book called “Descent of Men” Darwin said 95% of the people were inferior and only 5 % were evolving. From this way of thinking came the teachings of Sr. Francis Galton, the father of Eugenics, from whom men like H.G Wells and William Huxley took off to write their famous “scholarly” works. It is important to note, that although many people regard Charles Darwin as an outsider that made it into the circle through his discoveries in he sciences, the truth is that Darwin’s family was one of the richest in the world. Darwin met with the members of the Elite for many years. In those meetings they tailored science to fit the reality they wanted the rest to learn. John Calvin said there are so many of these inferior people that we cannot police them, so we are gonna have to teach them to police themselves; and generation through generation, the population was dumbed down more and more until it fit the corporate fascist model the Elite wanted.

The common denominator of this educational model, no matter where it’s been applied, is the fact that the
masses -from where ingenuity and creativeness emanated- became nothing else than obedient sheep; docile beings that do not know much more than what they learn in high school or college. As a result, we now have a population that cannot find their country on a map, much less other countries like Iraq or Afghanistan.  However, the masses do support invading the two countries in the name of peace. In 1950 the U.S had 90% of all patents in the world, nowadays it only owns about 30 percent and dropping fast. The Prussian model has worked to perfection.  The same can be said about other countries.

Now when we turn our head to the Energy issue, it is important to note other members of the Elite, or the Order that have been key in the implementation of Educational and Energy policies. I earlier said that the origin of this Elite is immigrants from Europe; England to be more specific. The Lords, the Rothchilds and other families that emerged later like the Rockefellers, the Carnegies, the Morgans and of course, the Bushes. The founders consisted of Puritans who always absorbed the wealth of rich families, without inviting those families to join their organizations. Most of these families were bankers, lawyers and traders that later became the Barons of the Mercantilistic model that substituted free markets. In the energy sector the Bush family has been a continuous player. They have maintained contact with Saudi Arabia’s kingdom for years and have done business with them thanks to the fortunes stolen by Prescott Bush, the grandfather of former president Bush, from the Nazi Empire when he left Germany after their defeat. With him others like Percy Rockefeller, the Paynes, the Pratts, etc are all linked to the Standard Oil Company, the Shell Oil Company, Creole Petroleum and Socony Vacuum. Currently we are fed the idea of the lack of sources of energy. While fossil fuels are painted as necessary evils to the development of the world, we are also told that oil reserves are scarce and that we have reached a peak. The debate in the main stream corporate Elite-controlled media is always centered on the pollution or the scarcity, but very little time is given in comparison to real alternative energy sources. While countries like Brazil run their cars on sugar cane-derived ethanol, the United States still remains in the debate of which alternative source is better or how many miles per gallon should a car provide. Let’s take a look at a source of energy that is never discussed: Cold Fusion.

Cold Fusion occurs when lighter nuclei in an atom fuse together under intense heat in a reaction to form a heavier nucleus. One of the results of this fusion is the release of gigantic amounts of energy which would provide an endless source of energy to carry out the world businesses for as long as humans exist. All this by the way, at conditions near room temperature and atmospheric pressure. However, Cold Fusion has been dismissed as an impossible by the profiteers who own the energy companies we depend on to live. Government agencies have also dismissed the potential of Cold Fusion and denied funding to further investigate the possibility of developing technology that allowed us to be energy independent. Instead, they suggested a bunch of alternative energy sources that counted with their blessing such as corn-based ethanol which has proven to be a new failure.

The cold fusion researchers presenting their review document to the 2004 DoE panel on cold fusion said that the observation of excess heat had been reproduced, that it can be reproduced at will under the proper conditions, and that many of the reasons for failure to reproduce it have been discovered. Despite the assertions of these researchers, most reviewers stated that the effects are not repeatable.The 1989, a DoE panel said: “Nuclear fusion at room temperature, of the type discussed in this report, would be contrary to all understanding gained of nuclear reactions in the last half century; it would require the invention of an entirely new nuclear process”, but it also recognized that the lack of a satisfactory explanation cannot be used to dismiss experimental evidence. (Wikipedia)

However, for those who know what Cold Fusion is and how it works, the future is promising. Dr. Edmund Storms, a retired scientist who worked at the Los Alamos National Laboratory, said the only problem is the attitude people have towards Cold Fusion as a source of energy. “It’s an interesting time because a number of other ideal sources are being proposed. Cold fusion is probably the most thoroughly documented at this point, but all of them have several things in common. They would be very inexpensive, pollution-free, and inexhaustible.” Questioned about whether Cold Fusion violates the First Law of Thermodynamics, which has been one of the reasons given to keep the experiments and the funding off the table, Dr. Storms says: “No one is proposing to violate the Law of Conservation of Energy. We’re talking about ordinary nuclear energy. There’s nothing magical about it. It’s the mechanism for achieving these nuclear reactions that is poorly understood at this time and, therefore, is in dispute.”

Although according to Storms neither the government nor any enterprise could practically deny access to the knowledge of Cold Fusion, anyone could seriously damage the research and progress of new technologies by claiming that the knowledge is flawed, thereby, making it harder to find funding or support of any kind.

In a book called: Cold Fusion: Secret Energy Revolution, Anthony Sutton declares that Cold Fusion is already being worked with in different laboratories around the globe and that soon, either governments or companies will come forward with practical applications. According to Sutton, Cold Fusion technology is being used by companies like BlackLight Power, Inc, Catalytic Fusion Power, Inc and financed by DARPA to produce catalytic hydrogen technology. “Free energy is here with water as fuel and will revolutionize our world. One device is the size of a thermos flask, uses water as fuel and lasts indefinitely,” Sutton declares. How many times have we heard of Cold Fusion on the news? Read on the papers? In the meantime we are led to believe that we are destined to invade middle eastern countries for their oil as the only way to secure our future energy sources. Of course of the mass population knew a little about alternative energy sources, they wouldn’t support needless wars or the drilling of National Parks or ice shells for petroleum.

Now, the subject of energy brings along a very important issue, which is exactly a consequence of energy dependence: War. If countries were energy independent, there would certainly be less conflict among them. This is because one country would not be able to impose rules onto others because they own energy sources that the other countries need. Today, OPEC controls the supply of petroleum which is vital to the commercial activity that moves the world. A handful of countries decide how much oil is produced and with that, the prices are determined. If the producers feel like they are not getting enough profits for their oil, they can simply decide to limit output so the price goes up. Although energy is probably the clearest example of how dependence causes conflict, there are countless other ones. For example, food production, manufacturing, the printing of paper money -which nowadays has turned out to be worthless, land tenure, immigration, etc.

The important point here is that war; just as many other activities, is a business. Investments are made before war occurs, so profits are expected. The best way to secure maximum profits is to invest on all sides, and that’s what history shows has happened in all major conflicts that humanity has endured: WWI and WWII are two examples. Here of course the Elite has left their Footprint stamped deeper than in any other aspect under their control. Then we have the Spanish-American as well as the Mexican-American wars which are also great examples. All armed conflicts recorded in history have come about due to the greed and evil spirit of those who seek to control us all. Although money and profits are important factors, the end goal is control. This control comes through consolidation. Armed conflicts and economic unrest provide great opportunities to bring about this consolidation and therefore control. When a country or the whole world goes into military or economic crisis, the people are the victims, while the Elite not only increases their resources tenfold, but also their control of industry, the bank system, infrastructure, military, land, and more important… Us. No example of a central government that ruled with an iron fist is responsible for an era of prosperity or bountifulness. On the contrary, it always mirrors repression, crisis, abuses, torture and inequality.

The reason why I linked war and conflict with oil, is because it is the freshest example. But the American civil war, the Spanish-American and WWI and WWII were also about influence and consolidating, a position as the world’s superpower. At the beginning of this essay I mentioned where the members of the Order came from and what type of businesses they are tied to. Nowadays, the war profiteers are weapons contractors, energy companies, security contractors, oil diggers, insurance companies and others. When a war explodes anywhere in the world, the list of companies offering their services to provide weaponry, planes, transportation, security, insurance and medical services is already typed up; and they are the same crooks who have already invested in promoting the wars during which they will provide services. When a country is dominated by the will of global corporations like Shell, NewsCorp, Halliburton, BP, GE, bankers like JP Morgan and wealthy men like Rupert Murdoch, David Rockefeller, Lord Rothchild and Prescott Bush, the decision to go to war or not isn’t made; it is imposed. Every major war has been financed by these and other families who have always held power by dominating all the sides involved in the conflicts. It’s a win-win situation. No president, prime minister or dictator achieved their goal of tyranny and control alone, there have always been the men behind the curtains who provided money, intelligence and hardware to carry out their own agenda. The group of bankers who created the private Federal Reserve, who control the Bank of England, the World Bank… is the same cabal that dictates the policies of the World Health Organization, who created the United Nations and who wrote the Nazi oriented Universal Human Rights Declaration to which they want us all to submit to.

Only those who really know history are able to envision the future; the future they want. The rest of us…, we’d better wake up and fight the bastards or we are doomed to repeat it.

Consulted Materials:

UNDERGROUND HISTORY OF AMERICAN EDUCATION. John Taylor Gatto.
AMERICA’S SECRET ESTABLISHMENT. Anthony Sutton
COLD FUSION AND THE FUTURE. Jed Rothwell
AMERICA: FREEDOM TO FASCISM. Aaron Russo
THE END OF AMERICA. Naomi Wolf
PROGRESS AND POVERTY. Henry George
THE WEALTH OF NATIONS. Adam Smith
WIKIPEDIA

Rothchild Engineer Giving Away UK Infrastructure to Foreign Corporations

PrisonPlanet.com

The Rothschild banking family is pushing for the privatization of the UK’s motorway network that would force Brits, who already pay road tax, to enrich the coffers of private corporations intimately tied in with the Rothschilds by means of road tolls and pay-by-mile schemes enforced with spy cameras.

“A plan to privatize the UK’s motorway network, giving toll firms access to large swaths of road, would take place under the guise of paying down the government’s debt, British media reported Tuesday, citing a number of key officials who support the scheme, proposed to all major political parties by NM Rothschild, one of the world’s oldest, most influential and little discussed investment banks, founded by the Rothschild family,” reports Raw Story.

Both Transport Secretary Philip Hammond and Business Secretary and UK Treasury Spokesman Vince Cable have signaled that the scheme will go ahead, formally handing over Britain’s infrastructure to transnational corporations and offshore banks at the behest of the most insidious gaggle of globalists ever to walk the earth.

The Rothschilds are perhaps the most larcenous banking family in history, a dynasty that has routinely made vast fortunes from economic collapses it personally engineered, such as the massive London stock market crash during the battle of Waterloo.

In June 1815, Nathan Rothschild, after being told by his agent that Wellington had defeated Napoleon at Waterloo, immediately dashed to London and ordered his agents to dump consuls. This triggered a selling panic, with traders believing that Wellington had lost. Only when stocks plummeted and could be bought for a song did it emerge that Wellington had in fact won, something that Rothschild knew all along, and by this point his agents had bought up cheap stocks for next to nothing. The stock market soared again and the Rothschild family made obscene profits, enabling them to become the richest family in the world.

This gargantuan Rothschild ploy was documented in the excellent documentary, The Money Masters. Watch a clip below.

The UK government is now laboring under record deficits and indebted to the same central bankers who control the country through the Bank of England, originally named the Company of the Bank of England, which was controlled by Nathan Rothschild, who once stated, “I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain’s money supply controls the British Empire, and I control the British money supply.”

Rothschild family members have wielded significant influence over the Bank of England through their service on the Bank’s Court of Directors over the years.

“The bank was behind many of the key privatisations of the 1980s and 1990s, including British Steel, British Gas and British Coal. It has close links to the Conservatives, having employed several senior Party figures including Lord Lamont, John Redwood and Lord Wakeham. Oliver Letwin, the former shadow chancellor, works there part-time,” reports the London Times.

Rothschilds have had significant influence of the British government in recent years through their close relationship with recent Business Secretary and influential Bilderberg member, Lord Mandelson, who is routinely photographed cavorting around with Rothschild family members on private yachts and in sports cars in luxury holiday resorts. Mandelson is widely loathed in Britain as a snobbish elitist and was forced to resign from the government on two separate occasions having been involved in numerous cover-ups and scandals, but just seems to keep getting back into power in one way or another.

Britons already pay road tax as well as local council tax which is supposed to go towards the cost of maintaining roads and motorways, but will be forced to pay even more on private-owned toll roads if this scheme goes ahead, having their living standards reduced yet further as a fresh wave of tax increases for the “middle class” is readied by the new government. The “middle class” is defined as anyone barely scraping a living, since the hikes will affect people who earn just £20,000 a year.

Critics have labeled the move a “shadow toll” and predicted a public backlash, which is a good thing because Brits will finally start to realize that it is private central bankers, and not puppet politicians who really control the country, and that internationalist crooks are selling Britain’s infrastructure to their offshore affiliates who will then reap the rewards from Brits being charged to use the roads they already pay for through a myriad of other taxes.

US faces same problems as Greece

UK Telegraph

Mervyn King, Governor of the Bank of England, fears that America shares many of the same fiscal problems currently hauntingUSEurope. He also believes that European Union must become a federalised fiscal union (in other words with central power to tax and spend) if it is to survive. Just two of the nuggets from one of the most extraordinary press conferences I have been to at the Bank.

What with all the excitement yesterday over our new Government, I never had time to remark on the Inflation Report press conference. Most of our attention was on what King said about the Government’s fiscal plans (a ringing endorsement). But, as Jeremy Warner has written in today’s paper, it was as if King had suddenly been unleashed. Bear in mind King is usually one of the most guarded policymakers in both British and central banking circles. Not yesterday.

It isn’t often one has the opportunity to get such a blunt and straightforward insight into the thoughts of one of the world’s leading economic players. Most of this stuff usually stays behind closed doors, so it’s worth taking note of. And I suspect that while George Osborne will have been happy to hear his endorsement of the new Government’s policies, Barack Obama and the European leaders will have been far less pleased with his frank comments on their predicament.
The transcript and video are online at the Bank’s website, but below are the extended highlights, all emphasis mine. Well worth checking out.

America, and many other large economies including the UK, share some of the same problems as Greece with its public finances:

Every country around the world is in a similar position, even the United States; the world’s largest economy has a very large fiscal deficit.And one of the concerns in financial markets is clearly – how will this enormous stock of public debt be reduced over the next few years? And it’s very important that governments, both here and elsewhere, get to grips with this problem, have a clear approach and a very clear and credible approach to reducing the size of those deficits over, in our case, the lifetime of this parliament, in order to convince markets that they should be willing to continue to finance the very large sums of money that will be needed to be raised from financial markets over the next few years, at reasonable interest rates.

On why Europe will have to become a federalised fiscal union:

I do not want to comment on a particular measure by a particular country, but I do want to suggest that within the Euro Area it’s become very clear that there is a need for a fiscal union to make the Monetary Union work. But if that is to happen there needs to be also a mechanism to enable other countries that have lost competitiveness to regain competitiveness. That requires actions, probably structural reforms, changes in wages and prices, in the countries that need to regain competitiveness. But it also needs a solid and expansionary state of domestic demand in the stronger economies in Europe.

On the deficit:

The most important thing now is for the new government to deal with the challenge of the fiscal deficit. It is the single most pressing problem facing the United Kingdom; it will take a full parliament to deal with, and it is very important that measures are taken straight away to demonstrate the seriousness and the credibility of the commitment to dealing with that deficit.

Why it is right that the Government wants to cut spending as soon as this year:

We see the recovery beginning to take place, and we expect that the pace of that recovery will pick up. But we’ve also seen the market response in the past two weeks, where major investors around the world are asking themselves questions about the interest rate at which they are prepared to finance trillions of pounds of money that will need to be raised on financial markets in the next two to three years, to finance government requirements around the world. And that I think has been a sobering reflection of what can happen if you don’t make very clear at the outset – I think markets were not expecting any action before the election. After the election they need and they want a very clear, strong signal and evidence of the determination to make it work.

And I think that it’s quite difficult to make credible a commitment to fiscal consolidation if all the measures are somehow in the future. You need to start and get on with it….

More…