Doomsday Economic Collapse is Another Conspiracy Fact

USAToday
February 27, 2012

Behind the mainstream Wall Street happy talk about more stable financial markets and an improving economy are grim warnings of tough times ahead from a small cadre of doomsayers who warn that the worst of the financial crisis is still to come.

Harry Dent, author of the new book The Great Crash Ahead, says another stock market crash is coming due to a bad ending to the global debt bubble. He has pulled back on his earlier prediction of a crash in 2012, as central banks around the world have been flooding markets with money, giving stocks an artificial short-term boost. But a crash is coming in 2013 or 2014, he warns. “This will be a repeat of 2008-09, only bigger, when it finally hits,” Dent told USA TODAY.

Gerald Celente, a trend forecaster at the Trends Research Institute, says Americans should brace themselves for an “economic 9/11” due to policymakers’ inability to solve the world’s financial and economic woes. The coming meltdown, he predicts, will lead to growing social unrest and anti-government sentiment, a U.S. dollar with far less purchasing power and more people out of work.

Celente won’t rule out another financial panic that could spark enough fear to cause a run on the nation’s banks by depositors. That risk could cause the government to invoke “economic martial law” and call a “bank holiday” and close banks as it did during the Great Depression.

“We see some kind of threat of that magnitude,” Celente, publisher of The Trends Journal newsletter, warned in an interview.

Robert Prechter, author of Conquer the Crash, first published in 2002 and updated in 2009, is still bearish. He says today’s economy has similarities to the Great Depression and warns that 1930s-style deflation is still poised to cause financial havoc. Prechter predicts that the major U.S. stock indexes, such as the Dow Jones industrials and Standard & Poor’s 500, will plunge below their bear market lows hit in March 2009 during the last financial crisis. The brief recovery will fail as it did in the 1930s, he says.

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US Unemployment Highest Since Great Depression

by Alex M. Parker
USNews&World Report
February 16, 2012

After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.

And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven’t sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.

The CBO made its comments in a report examining the long-term effects of joblessness, and possible policy options to boost employment, including unemployment insurance reforms and job training programs. The report came at the request of Democratic Michigan Rep. Sander Levin, but Republicans quickly jumped on the chance to bash President Obama’s stimulus program, which is also reaching its three-year anniversary today.

“The stimulus is a stark reminder of how the president got the policies he wanted, and how those policies have failed the American people and are making things worse,” said Texas Republican Rep. Jeb Hensarling.

The Horizontal Power of the State

by Luis R. Miranda
The Real Agenda
July 13, 2011

How many liberals, libertarians, conservatives and anarchists, to cite a few, dislike the outcomes that result from having an out of control State? It would be interesting to carry out a survey and find out exactly. However, a survey is not necessary, unless you are a statistics or a math fan, to learn that most people are dissatisfied with the current state of affairs. Proof that government involvement causes more harm than good is in every aspect of life. But it is not government or the State the party responsible for such outcomes, it is the people who support those States or governments who carry the blame.

 Although government and the power structures are seen as built in a pyramidal shape, the truth is that the government or State is built horizontally. See, government is composed by the people that give it the legal and moral support to exist, and so those very same people are responsible for whatever the State or government does or does not do. Therefore, all things that originate from the State -good or bad- are a direct result of the people supporting the system we know today as the government or the State.

 The problem is, most people do not know or understand this. People complain about the current state of affairs without realizing that they are to blame for the misery they are experiencing. Other people do recognize it, but are too hypocrite or afraid to do something about it. They do not speak against it because they fear social rejection. Those afraid should be happy to know that the problem of an abusive and out of control State or government is solved with actions, not words. Why? Because language is so fragile that it can be bent in all sorts of ways to say whatever anyone wants. It is nearly impossible to inject a dose of common sense into anyone who has been previously indoctrinated; and we all are to a certain degree. However, if one acts on something that is seen as wrong or abusive, other people will see what we mean and realize, all by themselves, that our actions make more sense than what they have thought all their lives to be true.

 Waking people up so that they act to change the current state of affairs is an impossible task if one only uses words. The reason for that is culture has rooted so deeply into their minds, that people’s reality is nothing else than what culture tells them it is. Nothing else. As it is widely clear, culture does not ‘teach’ people reality or truth, but a mixture of half-truths and plain open lies. How do you make people understand that although the Nazis directly killed 6 million jews and indirectly murdered a total of 40 million people, there is another entity that has killed almost seven times more humans than the Nazis did. It may come as a surprise to many that in modern times States or governments are responsible for the deaths of at least 262 million people. That is a fact that culture will not tell anyone.

 In our culture-created ‘reality’ the problem is terrorism, but instead of dealing with the root causes of terrorism, the State treats its bosses -the people- as criminals; all of them. Suddenly, everyone is guilty until proven innocent and everyone submits to this way of thinking. It is checking the inside of the shoes I am wearing what will solve the problem of terrorism, culture tells us. It is giving the State a photo of my naked body what is seen as the solution to end terrorism, the media tells us. Meanwhile, the terrorists, the real terrorists, who operate the scanners at the airports, who killed at least a million people in Iraq, who cleansed Bosnia and who are now cleansing Libya, Pakistan, Yemen and Syria use people’s complacency to continue doing all those things we dislike so much.

 People support the state and everything it does because that is how they were raised. Depending where you live, the educational system taught you anything from obeying to worshipping the State. Along with that indoctrination comes the role culture plays in people’s lives. Culture reinforces the paradigms we have all brought up with, so that everything continues business as usual. Humans were grown to accept and demand an explanation of reality that should never change, and that is that the State, any State, has our best interests in mind. That is why we must all pay taxes on our properties for the rest of our lives, even though we purchased them and paid taxes on the purchase. That is why we elect people from two majority parties and believe that the system gives us a choice. That is why we all obey the laws created by the State, although it does not obey them itself. This happens because the laws are for the slaves, not the masters. And guess what? The masters are also humans like you and me, no matter how much they like to think of themselves as superior beings.

 The problem with culture-created ‘reality’ is that because it is factually false, it needs continuous support to make it believable. It is exactly like “tell a lie a thousand times and it will become truth”. That is what culture does. People who believe in the system of paradigms imposed by the social engineers paradoxically require a constant reinforcement of what they believe is true. So, for example, people have been taught that world war I was fought for the sake of democracy, or that government came after the Great Depression to save everyone, or that world war II happened to save Capitalism, or that the central banks exist to control the horrendous forces that make the free market imperfect and dangerous. The problem with all these false realities, which to many of us are real, is that our future and the future of our sons and daughters will be shaped by the decisions made by people who believe these false truths.

 This is so because everyone thinks the State or government exists to fix everything that is wrong and therefore there is nothing to be afraid of. Right there is the origin of the Nanny State. Since individuals are not capable of managing their own lives -that is what we have been taught- there will always be a State to put the knob on the screw that got loose, an entity to give us all we need. What people do not realize, is that that same entity, if allowed, will also take away everything it handed out because of the power vested upon it. It is because the reality created and reinforced by culture revolves around collectivist views of dependency, that the State has become the inconvenience it is today. Although the evidence shows that this entity we all supposedly owe everything we have to, has destroyed everything it has touched, the level of indoctrination people are under not only does not allow them so see such destruction, but also automatically directs them to seek more reinforcement of their false reality.

 From education to economy, from foreign policy to welfare, the State has shredded everything. Intentionally, by the way. It is precisely because the evidence does outmatch culture and the false paradigm that people continuously go back for their daily, weekly and monthly dose of false ‘reality’. That is why the social engineers made sure there is a New York Times, CNN, Dancing with the Stars and American Idol; so the slaves get their blue pill whenever they need it and do not threaten to leave the human farm. The blue pill will keep them within the horizontal State they regard in their reality as a hierarchical pyramid, but that in reality is as flat as surf board. That little distinction is what separates humans from being free, truly free, and from putting an end to the out of control State.

 The key to liberating yourself from the abuses of the State resides on the ability to recognize that the State will do what you allow it to do and that it is its horizontal structure what makes it so evilly successful. In fact, the strength of the State does not come from itself, but from your relatives, neighbors, friends, co-workers, classmates and so on. In other words, the slave population to which you and I belong to. The slaves themselves support this system for a series of reasons. One, because they were taught to do that. Two, because they directly benefit from a trinket created by the State and they do not want to lose it. Three, because they do not wish that others surpass them and become more successful. Four, because the collapse of the system will mean a state of reality they cannot cope with. It is the ignorance, lack of humility and above all the indoctrination of the majority which prevents them from taking the red pill and opening their eyes to the real world. Instead, the slaves themselves guarantee the survival of the pyramidal looking State by attacking the minority who intends to warn them about the lie they live under. It is the voluntary acceptance of the false reality most people live in which allows the State to grow out of control. While most people waste time in senseless sports tribalism, racism, envy and cultural adequacy, their fellow slaves at the mid levels assure the social engineers that the State will continue to grow stronger.

 The horizontal nature of the State and they way it is used by the controllers to maintain most people blind and complacent is what explains the possibility of a few hundred people ruling over billions. It would be impossible otherwise. But it is exactly its very horizontal nature what presents people with the opportunity to break the chains from the State and to prevent it from growing larger and meaner. It is even possible, I would argue, not only to slim the State down, but also to make it work for the people, as most of us believe it should have always been. Change on this regard is not easy, however. It requires honesty from the part of those who want to ‘fix things’. If the success of the corrupt State relies upon the moral and practical support it receives from the slaves themselves, it is the withdrawal of that support what will end our slavery.

 If you pay your property taxes every year because you are afraid the State will come to raid your house and take you to jail, you are a slave of the State, and every time you pay your taxes you are a supporter of the State and as such its accomplice in all its wrongdoings. If you file your tax return and by doing so legitimize the powers of the State to tax your income, which is why you exist in the the States’ eyes, you are an accomplice of the State. If you do not like wars, but you vote for politicians who allow for the financing of invasions and killings in foreign countries, you are an accomplice of the invasions and the murder. If you do not like the corruption or inefficiency of the bureaucracy but you elect fellow slaves who will continue the back room and closed door deals, you are an accomplice of the State.

 However, the moment you become honest with yourself and gather some courage to awaken your fellow slaves, that will be the moment things will begin to change. But remember, change will not come through words or the use of language; it will come through action. If the success of the immoral State and its immoral actions is based on the support you give it, your withdrawal of that support is also what will liberate you from the chains that attach you to it. One cannot fight the dominant culture with the spoken word for the simple fact culture is made up and controls society through words. Because the controllers and their instruments of crime cannot manipulate truth, they manipulate language to cheat; and no one is better at that. They are unbeatable. That is why in order to end popular culture’s mad fake reality, individuals should use actions, not words. It is how much we act what we preach what will get us out of the giant farm we live in and in which we are milked to the last drop every day of our lives.

 Remember that the State and those who support statism approve of the use of violence against those who dare question their existence. That is, you may be arrested, imprisoned, tortured and raped if you oppose the State. So can you be a friend or acquaintance of a person who supports war, state taxation, corruption and violence against yourself? Wouldn’t you be an accomplice of his actions and therefore an accomplice of the State? I don’t know you, but I will not have anything to do with anyone who has the immoral audacity and cowardice to attack me for speaking the truth instead of opposing those who kill millions, steal our pensions, feed us toxic foods and make us sick with their pharmaceuticals.

 If a supposedly free human being cannot speak his mind and pay the price of being ostracized by his peers in exchange for real freedom, then, there is no hope from freedom. If we are afraid of being pointed at because we live by our own standards and refuse those that culture and the State impose on us, then we don’t deserve to be free.

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

Obama Stimulus Made Economic Crisis Worse

Bernanke dares to disagree and says the FED and the government acted and save the world from ‘global meltdown’.

Bloomberg

U.S. President Barack Obama and his administration weakened the country’s economy by seeking to foster growth instead of paying down the federal debt, said Nassim Nicholas Taleb, author of “The Black Swan.”

Nassim Nicholas Taleb

“Obama did exactly the opposite of what should have been done,” Taleb said yesterday in Montreal in a speech as part of Canada’s Salon Speakers series. “He surrounded himself with people who exacerbated the problem. You have a person who has cancer and instead of removing the cancer, you give him tranquilizers. When you give tranquilizers to a cancer patient, they feel better but the cancer gets worse.”

Today, Taleb said, “total debt is higher than it was in 2008 and unemployment is worse.”

Obama this month proposed a package of $180 billion in business tax breaks and infrastructure outlays to boost spending and job growth. That would come on top of the $814 billion stimulus measure enacted last year. The U.S. government’s total outstanding debt is about $13.5 trillion, according to U.S. Treasury Department figures.

Obama, 49, inherited what the National Bureau of Economic Research said this week was the deepest U.S. recession since the Great Depression. Even after the stimulus measure and other government actions, the U.S. unemployment rate is 9.6 percent.

Governments globally need to cut debt and avoid bailing out struggling companies because that’s the only way they can shield their economies from the negative consequences of erroneous budget forecasts, Taleb said.

Errant Forecasts

“Today there is a dependency on people who have never been able to forecast anything,” Taleb said. “What kind of system is insulated from forecasting errors? A system where debts are low and companies are allowed to die young when they are fragile. Companies always end up dying one day anyway.”

Taleb, a native of Lebanon who gave his speech in French to an audience of Quebec business people, said Canada’s fiscal situation makes the country a safer investment than its southern neighbor.

Canada has the lowest ratio of net debt to gross domestic product among the Group of Seven industrialized countries and will keep that distinction until at least 2014, the country’s finance department said in March. Canada’s ratio, 24 percent in 2007, will rise to about 30 percent by 2014. The U.S. ratio, now above 40 percent, will top 80 percent in four years, the department said, citing IMF data.

“I am bullish on Canada,” he told the audience. “I prefer Canada to the U.S. or even Europe.”

Mortgage Interest

Canada’s economy also benefits from the fact that homeowners, unlike their U.S. neighbors, can’t take mortgage interest as a tax deduction, Taleb said. That removes the incentive to take on too much debt, he said.

“The first thing to do if you want to solve the mortgage problem in the U.S. is to stop making these interest payments deductible,” he said. “Has someone dared to talk about this in Washington? No, because the U.S. homebuilders’ lobby is hyperactive and doesn’t want people to talk about this.”

Taleb also criticized banks and securities firms, saying they don’t adequately warn clients of the risks they run when they invest their retirement savings in the stock market.

‘Have Fun’

“People should use financial markets to have fun, but not as a depository of value,” Taleb said. “Investors have been deceived. People were told that markets go up regularly, but if you look at the last 10 years that’s not been the case. The risks are always greater than what people are told.”

Asked by an audience member if returns such as those posted by Berkshire Hathaway Inc. Chief Executive Officer Warren Buffett — who amassed the world’s third-biggest personal fortune through decades of stock picks and takeovers — are the product of luck or talent, Taleb said both played a part.

If given a choice between investing with Buffett and billionaire investor George Soros, Taleb also said he would probably pick the latter.

“I am not saying Buffett isn’t as good as Soros,” he said. “I am saying that the probability Soros’s returns come from randomness is much smaller because he did almost everything: he bought currencies, he sold currencies, he did arbitrages. He made a lot more decisions. Buffett followed a strategy to buy companies that had a certain earnings profile, and it worked for him. There is a lot more luck involved in this strategy.”

Soros gained fame in the 1990s when he reportedly made $1 billion correctly betting against the British pound.

Taleb’s 2007 best-seller, “The Black Swan: The Impact of the Highly Improbable,” argues that history is littered with rare, high-impact events. The black-swan theory stems from the ancient misconception that all swans were white.

A former trader, Taleb teaches risk engineering at New York University and advises Universa Investments LP, a Santa Monica, California-based fund that bets on extreme market moves.