Affichage des articles dont le libellé est banksters. Afficher tous les articles
Affichage des articles dont le libellé est banksters. Afficher tous les articles
mardi 6 mars 2012
mardi 14 juin 2011
vendredi 10 juin 2011
Clinton to Head Globalist Loan Sharking Operation at World Bank?
Kurt Nimmo
Infowars.com
June 10, 2011
The corporate media is rife was rumors that the current Secretary of State will leave her post next year and honcho the World Bank.
A source said Obama supports Clinton’s appointment. According to the Guardian, there was no suggestion that Obama has formally agreed to nominate her for the post, which would require approval by the 187 member countries of the World Bank.
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Reuters reported yesterday that sources close to Clinton said she would be ready to make a move to the World Bank should the Bank’s current president, Robert Zoellick, leave at the end of his term, in the middle of 2012.
Clinton’s spokesman, Philippe Reines, denied the claim. “Story is 100% untrue. Reuters is wrong,” Reines told the Washington Post.
The World Bank and the IMF are loan sharking operations for the globalists. They also serve as mechanisms to impose “structural adjustments” on developing nations and allow unfettered foreign investment, increasing exports, suppressing wages, cutting social services such as health care and education — the whole neoliberal palette. National currencies are usually devalued and food subsidies cut. Both organizations work as wrecking balls on the third world and fatten the coffers of the bankers.
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“While the U.S. press is apt to portray the IMF and World Bank as selfless Good Samaritans, the reality is that these 50 year-old institutions function more like global loan sharks. One way countries are encouraged to repay their debts is by shifting from domestic agriculture to export crops,” write Jeff Cohen and Norman Solomon.
jeudi 26 mai 2011
20 Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over
The Economic Collapse
May 26, 2011
If you listen to Ben Bernanke, Barack Obama and the mainstream media long enough, and if you didn’t know any better, you might be tempted to think that the economic crisis is long gone and that we are in the midst of a burgeoning economic recovery. Unfortunately, the truth is that the economic crisis is far from over. In 2010, more homes were repossessed than ever before, more Americans were on food stamps than ever before and a smaller percentage of American men had jobs than ever before. The reality is that the United States is an economic basket case and all of these natural disasters certainly are not helping things. The Federal Reserve has been printing gigantic piles of money and the U.S. government has been borrowing and spending cash at a dizzying pace in an all-out effort to stabilize things. They have succeeded for the moment, but our long-term economic problems are worse then ever. We are still in the middle of a full-blown economic crisis and things are about to get even worse.
If you know someone that is foolish enough to believe that the economic crisis is over and that our economic problems are behind us, just ask that person the following questions….
#1 During the 23 months of the “Obama recovery”, an average of about 23,000 jobs a month have been created. It takes somewhere in the neighborhood of 150,000 jobs a month just to keep up with population growth. So shouldn’t we hold off a bit before we declare the economic crisis to be over?
#2 During the “recession”, somewhere between 6.3 million and 7.5 million jobs were lost. During the “Obama recovery”, approximately 535,000 jobs have been added. When will the rest of the jobs finally come back?
#3 Of the 535,000 jobs that have been created during the “Obama recovery”, only about 35,000 of them are permanent full-time jobs. Today, “low income jobs” account for 41 percent of all jobs in the United States. If our economy is recovering, then why can’t it produce large numbers of good jobs that will enable people to provide for their families?
#4 Agricultural commodities have been absolutely soaring this decade. The combined price of cotton, wheat, gasoline and hogs is now more than 3 times higher than it was back in 2002. So how in the world can the Federal Reserve claim that inflation has been at minimal levels all this time?
#5 Back in 2008, banks had a total of 27 billion dollars in excess reserves at the Fed. Today, banks have a total of approximately 1.5 trillion dollars in excess reserves at the Fed. So what is going to happen when all of this money eventually hits the economy?….
#6 If the U.S. economy is recovering, then why are shipments by U.S. factories still substantially below 2008 levels?
#7 Why are imports of goods from overseas growing much more rapidly than shipments of goods from U.S. factories?
#8 According to Zillow, the average price of a home in the U.S. is about 8 percent lower than it was a year ago and that it continues to fall about 1 percent a month. During the first quarter of 2011, home values declined at the fastest rate since late 2008. So can we really talk about a “recovery” when the real estate crisis continues to get worse?
#9 According to a shocking new survey, 54 percent of Americans believe that a housing recovery is “unlikely” until at least 2014. So how is the housing industry supposed to improve if so many people are convinced that it will not?
#10 The latest GDP numbers out of Japan are a complete and total disaster. During the first quarter GDP declined by a stunning 3.7 percent. Of course I have been saying for months that the Japanese economy is collapsing, but most mainstream economists were absolutely stunned by the latest figures. So will the rest of the world be able to avoid slipping into a recession as well?
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#11 Next week, Republicans in the House of Representatives are going to allow a vote on raising the debt ceiling. Everyone knows that this is an opportunity for Republican lawmakers to “look tough” to their constituents (the vast majority of which do not want the debt ceiling raised). Everyone also knows that eventually the Republicans are almost certainly going to cave on the debt ceiling after minimal concessions by the Democrats. The truth is that neither “establishment Republicans” nor “establishment Democrats” are actually serious about significantly cutting government debt. So why do we need all of this political theater?
#12 Why are so many of our once great manufacturing cities being transformed into hellholes? In the city of Detroit today, there are over 33,000 abandoned houses, 70 schools are being permanently closed down, the mayor wants to bulldoze one-fourth of the city and you can literally buy a house for one dollar in the worst areas.
#13 According to one new survey, about half of all Baby Boomers fear that when they retire they are going to end up living in poverty. So who is going to take care of them all when the money runs out?
#14 According to the U.S. Bureau of Labor Statistics, an average of about 5 million Americans were being hired every single month during 2006. Today, an average of about 3.5 million Americans are being hired every single month. So why are our politicians talking about “economic recovery” instead of “the collapse of the economy” when hiring remains about 50 percent below normal?
#15 Since August, 2 million more Americans have left the labor force. But the entire period from August to today was supposed to have been a time of economic growth and recovery. So why are so many Americans giving up on looking for a job?
#16 According to Gallup, 41 percent of Americans believed that the economy was “getting better” at this time last year. Today, that number is at just 27 percent. Are Americans losing faith in the U.S. economy?
#17 According to the U.S. Census, the number of children living in poverty has gone up by about 2 million in just the past 2 years, and one out of every four American children is currently on food stamps. During this same time period, Barack Obama and Ben Bernanke have told us over and over that the U.S. economy has been getting better. So what is the truth?
#18 America has become absolutely addicted to government money. 59 percent of all Americans now receive money from the federal government in one form or another. U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes. Americans hate having their taxes raised and they hate having their government benefits cut. So is there any hope that this will ever be turned around before disaster strikes?
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#19 The combined debt of the major GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased from 3.2 trillion in 2008 to 6.4 trillion in 2011. How in the world is the U.S. government going to be able to afford to guarantee all of that debt on top of everything else?
#20 If the U.S. national debt (more than 14 trillion dollars) was reduced to a stack of 5 dollar bills, it would reach three quarters of the way to the moon. The U.S. government borrows about 168 million dollars every single hour. If Bill Gates gave every penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days. So how in the world can our politicians tell us that everything is going to be okay?
mardi 24 mai 2011
Alex Jones Endorses New Film Exposing Secret Banking System
Infowars.com
May 24, 2011
The American Dream is a 30 minute animated film by Tad Lumpkin & Harold Uhl that shows you how you’ve been scammed by the most basic elements of our government system. All of us Americans strive for the American Dream, and this film shows you why your dream is getting farther and farther away.
Do you know how your money is created? Or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day? The American Dream takes an entertaining but hard hitting look at how the problems we have today are nothing new, and why leaders throughout our history have warned us and fought against the current type of financial system we have in America today. You will be challenged to investigate some very entrenched and powerful institutions in this nation, and hopefully encouraged to help get our nation back on track.
lundi 23 mai 2011
America 2011
The American Dream
May 23, 2011
Our society has become so homogenized that we don’t really question it anymore. We all watch American Idol, we all buy the same boring looking cars we see advertised on television and we all buy the same mass-produced corporate products down at Costco.
For many Americans, doing something “exotic” means going out to Applebee’s on Friday night.
If you are under 40 years of age and you have never been out of the country you should really make it a point to do that. Today there are millions upon millions of young Americans that have no idea what “another culture” even looks like. All they know is how America does things and they have been taught that the American way of doing things is always the best.
Sadly, sometimes we think our way is so superior that it should be forced upon the rest of the world.
When this nation was founded, our founding fathers were extremely suspicious of large concentrations of power. Corporations did not dominate early America. Instead, millions of individuals and small businesses worked together to make this country great. Back in those days a “family store” could be started without fear that a corporate giant like Wal-Mart would come waltzing in to crush it.
When Wal-Marts started to spread across the United States, almost everyone loved them. The prices were lower, the selection was much greater and Wal-Mart brought jobs to the community.
When I would visit family or friends they would always excitedly talk about the new Wal-Mart that was going up somewhere nearby. They saw Wal-Mart as a sign of progress and something that would make their lives better.
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Unfortunately, we now know that all of that corporate conformity comes at a very high price.
When Wal-Mart moves into a community, often dozens of local businesses can’t compete and are forced to close.
Wal-Mart does bring jobs, but they are really crappy jobs. A very, very small percentage of Wal-Mart jobs will even come close to enabling someone to support a family.
But Wal-Mart is making a ton of money. So where does all of that money go?
It goes out of the local community and into the pockets of the Wal-Mart shareholders.
Wal-Mart is like a giant vacuum cleaner. It sucks the wealth out of our local communities and it transfers it into the hands of the very wealthy.
But don’t all of the products sold at Wal-Mart support American businesses and American jobs?
No.
Just go into a Wal-Mart some time and start picking up products. You will notice that the vast majority of them are made outside of the United States.
Americans love to buy stuff made in China. And the big corporations love that because they are more than happy to pay slave labor wages to workers in places like China and India.
But I don’t want to just pick on Wal-Mart. The vast majority of our retail establishments are now owned by huge corporations. They all crush small businesses and they all suck wealth out of our local communities.
Most of us have enjoyed the “low, low prices” that the mega-corporations have brought in, but as inflation has gone up faster than our wages, large numbers of Americans have had to go into debt in order to enjoy all of these cheap products.
Today, what the average American family owes is equivalent to 136% of what an average American family makes each year.
We have a national addiction to debt. To the corporations and the banks we are viewed as “consumers” and the goal is to drain as much money out of us as possible. They want us to be completely dependent on them so that we will be snared in the trap of “consumerism” forever.
The fact that corporations have become so dominant in our society is a huge reason why wealth has become so concentrated at the top. Today, the bottom 50 percent of all Americans own just 2.5% of the wealth. In a true capitalist society this would not happen because individuals and small businesses would be able to compete fairly in the marketplace and would be thriving.
But unfortunately, our system greatly favors giant corporations today. In fact, what we have in our country today is much more aptly called “corporatism” rather than “capitalism”. The vast majority of Americans work for either a giant corporation or for the government. We even teach our children that they should go to college and study hard so that they can “get a job” rather than telling them that they should endeavor to “start a business” someday.
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If nothing changes, wealth and power will continue to become even more concentrated in the hands of the few. Meanwhile, America will just continue to become a giant sea of corporate conformity and a very boring place.
“America 2011″ is not nearly as interesting as America was 50 years ago. We are becoming defined by our greedy corporate overlords. We just blindly conform and we let others do our thinking for us.
If our founding fathers could see us today, they would be absolutely horrified.
jeudi 24 février 2011
Big Brother: The Orwellian Nightmare Come True
Big Brother: The Orwellian Nightmare Come True
Mark Dice
Infowars.com
Februarty 24, 2011
When George Orwell (pen name of Eric Blair) first published his famous novel, Nineteen Eighty-Four, it was the year 1949, and it told a dark story of what he envisioned life may be like in the future-in the year 1984. His book, as well as his name, have become synonymous with privacy concerns involving technology and also an all-powerful, oppressive ruling elite that strictly governs the activities of the population with an iron fist.
Orwell’s book is where we get the term Big Brother from, such as when people say “Big Brother is watching you.” When people say this, they’re referring to the omniscient surveillance system described in the novel that continuously watched and listened to people-even in their own homes. When we call something Orwellian to describe the invasiveness of certain technology or government policies, we are also referring to George Orwell’s nightmarish vision he described in his novel. There are several other terms that Orwell himself coined in Nineteen Eighty-Four, such as doublethink, thoughtcrime, and memory hole, which have also become part of our vernacular.
Even if you have not read the book or seen the film, you are still undoubtedly familiar with the issues that make up the storyline, such as the high-tech surveillance system watching and listening to everyone in order to keep them in line with the government (called the Party in the novel). You are probably also familiar with the concept of a small elite ruling class (what Orwell calls the Inner Party) living in luxury and wielding unimaginable power over lower level citizens. In the novel, people have lost their freedom, their critical thinking skills, and even the ability to love due to the cultural depths society has sunk to as a result of Big Brother’s control. The reason Nineteen Eighty-Four remains so popular, and the reason society has adopted vocabulary from the book, is because it serves as more than merely a fictional novel for the reader’s entertainment. The novel served (and continues to serve) as a stark warning of what the future may hold if we don’t resist invasive technology and oppressive government policies, or if the population at large becomes so lost in a world of pop culture, sports entertainment, or our own selfish desires, that we simply don’t care. My new non-fiction book, Big Brother: The Orwellian Nightmare Come True, looks at technology that now exists or is under development and will exist in the near future, that threatens to make our world just as horrific or even worse than the world George Orwell described. I have assembled information from mainstream news sources, industry experts, and even patent numbers of the most invasive and sinister Orwellian devices anyone could dream of. We will also look at actual government programs and policies that seem as if they came right out of Orwell’s dark imagination, such as the government secretly paying mainstream media reporters to act as gate-keepers and propagandists for the establishment, and the FBI illegally spying on and smearing peaceful political activists who were seen as problematic.
I am certainly not anti-technology. Technology is a fantastic tool which can benefit those who use it, or harm them, depending on the intentions of the person designing it or using it. Technology has brought us amazing inventions that would seem supernatural to civilizations that lived just a few hundred years ago. Arthur C. Clark, the author of 2001 a Space Odyssey, was correct when he said, “Any sufficiently advanced technology is indistinguishable from magic.” While this magical technology has brought us the convenience of calling our friends or family on our cell phones, allowing us to talk with them from virtually anywhere in the world, and given us the ability to watch events on the other side of the earth unfold live on television, and other wonders such as the Internet, DVR recorders, YouTube, Excel spread sheets, word processors, e-mail, Facebook, and more; it has also brought us identity theft, illegal wiretaps, Peeping Toms using hidden video cameras, cyber stalkers, and worse. If you have ever left your cell phone at home when you’ve left the house for the day, you’ve realized how much we depend on technology for what have become common and necessary activities. If you’ve ever been at home when the electricity unexpectedly goes out, you have also realized how much we take for granted in our modern world.
Unfortunately, with tremendous advances in technology often come unforeseen consequences. Nobody could have envisioned young teenage girls taking nude photos of themselves with their cell phone cameras and sending them to their boyfriends, and then having the boyfriends forward them to others, eventually ending up on the cell phone of someone over the age of eighteen, resulting in what is essentially child pornography in their possession. The music and film industries certainly didn’t anticipate millions of Internet users downloading music and movies for free, sometimes before the products are even officially released. And when Albert Einstein was searching for the laws of physics to learn how our Universe functioned, he could have never imagined that his work would be used to design weapons capable of destroying the entire earth. It seems that the dark minds of men in power always strive to build sinister devices designed to enable them to hold onto their power, no matter how disastrous the consequences.
If one reads old Popular Mechanics magazines from the 1950′s, one can realize how wrong, and even silly, the techno-utopian dreamers were in the past. Many were led to believe that by the twenty-first century we would all be living lives of luxury like the Jetsons, with large blocks of free time to enjoy ourselves as we had most manual labor and menial tasks taken care of by robots and computers. Yet more than a decade into the twenty-first century, we still need to spend time cooking and cleaning, and commuting to work and raising the kids, and fixing up the house and countless other tasks and obligations that are required of us in our daily lives. Our cars must still continuously be maintained, the oil needs to be changed, the engine serviced, the tires rotated and replaced, and the average vehicle now costs as much as a house did for people just two generations ago. The grass still needs to be cut, the bushes need to be trimmed, and things around the house continue to break and need to be fixed or replaced. People are working longer hours, having less time with their families, having to retire later in life, and are having less savings than past generations. Where is this techno-utopia that so many had promised would come in the near future?
Instead of living lives of luxury and leisure, now many people can’t escape their job even after they leave the office. Where once we left work and were outside of the reach of our boss, now he or she can call us on our cell phone at anytime, day or night, and expects a promptly returned phone call or e-mail.
People are being turned into numbers and statistics, and mathematical formulas are used by employers to determine whether an employee is being efficient enough. It’s difficult to get a person on the phone when calling a company’s customer service department, and social networking sites such as Facebook and Myspace have turned everyone into their own favorite celebrity and supplement actual friendships and interactions. People don’t need to get together for a dinner party to catch up on each other’s lives anymore; we just monitor their newsfeed on Facebook from the comfort of our own home while sitting in our favorite chair getting fatter from lack of exercise and a poor diet. Where we once discussed politics and religion with our friends and neighbors, such topics have become taboo and are replaced with the enticing entertainment of celebrity news as most people feel that it is more important to know about who our favorite celebrities are dating than it is to know what bills are being introduced and voted on in the halls of Congress or our own city council. It’s interesting that while people seem to be getting dumber, computers are getting smarter.
We are becoming a nation of morons who can’t think for themselves, and are being dehumanized into nothing more than a mentally enslaved workforce who are constantly being monitored, databased, and kept in line by the fear of the omniscient Big Brother technology that has gotten so advanced and so cheap, that the watchful eyes of surveillance cameras are mass produced, almost as if they were disposable.
At a presentation at the 2010 DICE Summit (Design, Innovate, Communicate, Entertain), an annual meeting of videogame executives, Jesse Schell, the former Creative Director of the Disney Imagineering Virtual Reality Studio, gave a speech on the future of gaming and talked about how in the future, “Before too long we’re going to get to the point where every soda can, [and] every cereal box is going to be able to have a CPU, a screen, and a camera on board it, and a Wi-Fi connecter so that it can be connected to the Internet.”
He concluded his speech by saying that our children and grandchildren will be able to know exactly what books we’ve read, what foods we ate, and practically everything we’ve done in our entire lives. He gave this speech not to warn people about these Orwellian technologies, but he was extremely excited about them, and looked forward to them.
“You have no idea what books your grandparents read, or where they went on a daily basis, but these sensors that we’re going to have on us and all around us everywhere are going to be tracking and watching what we’re doing forever,” Schell said. He concludes by saying that because we will all be constantly watched and our actions and interests databased forever, that we’ll possibly be better people and be nicer and make better decisions because of the fear of judgment from others. Is this the kind of world you want to live in? Well, it’s the kind of world that’s rapidly approaching.
Big Brother: The Orwellian Nightmare is meant to serve as a warning for what is already here, and what is soon to come. It is to encourage people to think about how to possibly prevent or minimize dramatic hazards to our lives by the very technology we have created. It is my goal to give you an accurate forecast of the coming storm so that you as an individual, and we as a society and species, may be better equipped to handle it when it hits. It is my hope that we do not lose our privacy, freedom, or our humanity in this 1984-style New World Order.
vendredi 18 février 2011
Deception at the Fed
Deception at the Fed
Ron Paul
Infowars.com
February 18, 2011
For the past three decades, the Federal Reserve has been given a dual mandate: keeping prices stable and maximizing employment. This policy relies not only on the fatal conceit of believing in the wisdom of supposed experts, but also on numerical chicanery.
Rather than understanding inflation in the classical sense as a monetary phenomenon– an increase in the money supply- it has been redefined as an increase in the Consumer Price Index (CPI). The CPI is calculated based on a weighted basket of goods which is constantly fluctuating, allowing for manipulation of the index to keep inflation expectations low. Employment figures are much the same, relying on survey data, seasonal adjustments, and birth/death models, while the major focus remains on the unemployment rate. Of course, the unemployment rate can fall as discouraged workers drop out of the labor market altogether, leading to the phenomenon of a falling unemployment rate with no job growth.
In terms of keeping stable prices, the Fed has failed miserably. According to the government’s own CPI calculators, it takes $2.65 today to purchase what cost one dollar in 1980. And since its creation in 1913, the Federal Reserve has presided over a 98% decline in the dollar’s purchasing power. The average American family sees the price of milk, eggs, and meat increasing, while packaged household goods decrease in size rather than price.
Loose fiscal policy has failed to create jobs also. Consider that we had a $700 billion TARP program, nearly $1 trillion in stimulus spending, a government takeover of General Motors, and hundreds of billions of dollars of guarantees to Fannie Mae, Freddie Mac, HUD, FDIC, etc. On top of those programs the Federal Reserve has provided over $4 trillion worth of assistance over the past few years through its credit facilities, purchases of mortgage-backed securities, and now its second round of quantitative easing. Yet even after all these trillions of dollars of spending and bailouts, total nonfarm payroll employment is still seven million jobs lower than it was before this crisis began.
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In this same period of time, the total U.S. population has increased by nine million people. We would expect that roughly four million of these people should have been employed, so we are really dealing with eleven million fewer employed people than would otherwise be expected.
It should not be surprising that monetary policy is ineffective at creating actual jobs. It is the effects of monetary policy itself that cause the boom and bust of the business cycle that leads to swings in the unemployment rate. By lowering interest rates through its loose monetary policy, the Fed spurs investment in long-term projects that would not be profitable at market-determined interest rates. Everything seems to go well for awhile until businesses realize that they cannot sell their newly-built houses, their inventories of iron ore, or their new cars. Until these resources are redirected, often with great economic pain for all involved, true economic recovery cannot begin.
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Over $4 trillion in bailout facilities and outright debt monetization, combined with interest rates near zero for over two years, have not and will not contribute to increased employment. What is needed is liquidation of debt and malinvested resources. Pumping money into the same sectors that have just crashed merely prolongs the crisis. Until we learn the lesson that jobs are produced through real savings and investment and not through the creation of new money, we are doomed to repeat this boom and bust cycle.
Read more at Rep. Ron Paul’s House web page.
jeudi 17 février 2011
Why Isn’t Wall Street in Jail?
Why Isn’t Wall Street in Jail?
Matt Taibbi
Rolling Stone
February 17, 2011
Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.
“Everything’s fucked up, and nobody goes to jail,” he said. “That’s your whole story right there. Hell, you don’t even have to write the rest of it. Just write that.”
I put down my notebook. “Just that?”
“That’s right,” he said, signaling to the waitress for the check. “Everything’s fucked up, and nobody goes to jail. You can end the piece right there.”
samedi 12 février 2011
Globalists Push SDRs as World Reserve Currency
Globalists Push SDRs as World Reserve Currency
Kurt Nimmo
Infowars.com
February 11, 2011
Once again the IMF is calling for SDRs, short for Special Drawing Rights, to replace the U.S. dollar as the world’s reserve currency.
“Over time, there may also be a role for the SDR to contribute to a more stable international monetary system,” said Dominique Strauss-Kahn, managing director of the IMF. He said there are some “technical hurdles” involved with SDRs, but he believes they could help correct global imbalances and shore up the global financial system.
In addition to creating a globalist fiat currency controlled by the financial elite and their central banks, the IMF is proposing the creation of SDR-denominated bonds, which would reduce the use of U.S. Treasuries if implemented. The IMF also suggested that assets such as oil and gold, which are currently traded in U.S. dollars, should be priced using SDRs.
The nominal value of an SDR is derived from a basket of currencies – specifically, a fixed amount of Japanese Yen, US Dollars, British Pounds and Euros. The IMF cooked up the SDR scheme in 1969. It was originally intended to be the primary asset held in foreign exchange reserves under Bretton Woods, but after the collapse of that system in the early 1970s – a victim of the bankster plan to send the U.S. deficit into the stratosphere – SDRs took on a far less important role.
Following the onset of the engineered global financial crisis in 2008, the so-called BRIC countries – Brazil, Russia, India and China – led primarily by Russia and China, have called for dumping the dollar and moving into a global currency scheme. The SDR facility stands ready.
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The IMF and the globalists plan to elevate China and undermine the United States. Strauss-Kahn told reporters last June in a news briefing that he believed there would be more pressure to include yuan, also known as the renminbi, among SDR currencies.
Early in 2009, China issued an aggressive call to dump the dollar and move into SDRs. “The role of the SDR has not been put into full play due to limitations on its allocation and the scope of its uses. However, it serves as the light in the tunnel for the reform of the international monetary system,” said Zhou Xiaochuan, governor of the People’s Bank of China.
The IMF, however, has so far held off on spiking international foreign exchange reserve assets with the yuan. The problem is that China has yet to “liberalize” its currency, in other words the authoritarian state has yet to allow central banks to hold yuan-denominated deposits without restriction.
In June, the United Nations called for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value.
“In politics, nothing happens by accident. If it happens, you can bet it was planned that way,” said Franklin D. Roosevelt.
Same thing can be said for economics. The banksters have purposely attacked the dollar in order to move us into a globalist world currency.
Federal Reserve operative and current U.S. Treasury boss Tim Geithner gave the SDR concept a nod during the globalist G20 confab in London. During the meeting, it was announced that the IMF would have a trillion dollars allocated to its coffers and an increase in the SDR facility of $250 billion.
The globalist plan to establish a world currency began in earnest after the Second World War when John Maynard Keynes and the British government proposed the “Bancor” as a world reserve currency or – as the globalists like to call it – a supranational currency. At the time, it was decided under Bretton Woods that the U.S. dollar would serve as the world’s reserve currency.
Keynes approach gained renewed favor among establishment economists and central banksters after the engineered financial crisis.
The Federal Reserve is facilitating the move into a world currency controlled by the IMF and the globalist central banks by quantitative easing, that is to say devaluing the U.S. dollar by cranking up the printing press.
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As investor Marc Faber noted last year, this funny money intervention by the Federal Reserve is going to create a final crisis that will destroy the U.S. financial system. The Fed “will print and print and print until the final crisis wipes out the whole system,” Faber warned.
Following that engineered destruction, there will be desperate and hysterical calls to embrace the SDR scheme and adopt the globalist world economic order.
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Kurt Nimmo edits Infowars.com. He is the author of Another Day in the Empire: Life In Neoconservative America.
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vendredi 11 février 2011
Reparations: Rahm Says Pay the Banksters First
Reparations: Rahm Says Pay the Banksters First
Kurt Nimmo
Infowars.com
February 11, 2011
According to a recent poll conducted in the Windy City, Emanuel actually has a chance of winning the February 22 election. He is widely supported by white voters. Black and Latino voters have added the margin he needs to win the election. A Tribune/WGN poll puts him at 49% and small business owner, lawyer, and government bureaucrat Gery Chico trailing with a paltry 19%.
In order to woo black voters, Emanuel said during a debate sponsored by the Chicago Defender newspaper at the DuSable Museum of African American History on Wednesday that he supports reparations, the idea that Black Americans deserve to be compensated by the government because their ancestors were slaves.
Emanuel had a caveat, however – the banksters must get the money government claims they are owed by the American people and their children and grand children. In fact, it is mathematically impossible to pay off the debt, but that’s a subject for another article.
The question was about Chicago’s budget deficit, but as a Democrat who sat with Goldman Sachs operatives in Obama’s cabinet, he was also talking about the nation’s debt. Chicago, after all, is a microcosm of the nation at large, especially with Obama at the pulpit.
“I think we have to be honest and frank with ourselves, we have a budget deficit that also needs to be addressed,” Emanuel said after telling the crowd he supports reparations.
Rival candidate and community activist Patricia Van Pelt-Watkins didn’t seem to understand Rahm Emanuel’s point — the banksters will be paid into perpetuity and there will be nothing left to hand out to the ancestors of slaves or for that matter anybody else who believes the government owes them money.
“When I hear Rahm Emanuel talking about a budget deficit when we’re talking about reparations, to me that’s offensive,” Watkins said. “This country was built on our backs, the backs of our ancestors. They bled, they died, they came in chains and they died in pain. So don’t talk to me about budget deficits right now. Not on this subject.”
Rahm Emanuel – as former Obama chief of staff, a senior advisor to Clinton, chair of the Democratic Congressional Campaign Committee, and chairman of the Democratic Caucus – understands how the game is played. He is experienced at paying lip-service in order to get elected by the sheeple.
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More importantly, he learned how the economic system operates while working as a banker for the investment firm of Wasserstein Perella. He also sat on the Board of Directors of the Federal Home Loan Mortgage Corporation, as known as Freddie Mac.
During his tenure, the government-created institution was plagued by scandals involving campaign contributions and accounting irregularities. Obama rejected a request under the Freedom of Information Act to review Freddie Mac board minutes and correspondence during Emanuel’s time as director.
Emanuel is a favorred son. Earlier this week it was discovered that phone calls between Rahm and former governor Rod Blagojevich are mysteriously missing from evidence in the trial of Blagojevich. He is accused of conspiring to commit several “pay to play” schemes, including attempting to sell Obama’s vacated Senate seat.
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Emanuel knows black Americans will never see a cent under the transfer of wealth scheme known as slave reparations. Instead, like all other Americans outside of Emanuel’s political class, they will be systematically and relentlessly fleeced, driven into poverty, and made homeless on the continent their ancestors conquered, as Thomas Jefferson warned.
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