Thomas Jefferson, declared, “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
“Give me control of a nation’s money and I care not who makes her laws” Mayer Amschel Rothschild
If you have the time then I would advise you to watch the three hour long documentary the Money Masters. It is a very detailed history of the rise of the banking class, how money is made and how this group now rule the world.
The Federal Reserve of New York, a private corporate entity owned by its member banks, all privately owned, and endowed with the right to make money into existence from thin air has no limit to the power it can wield.
The documentary shows the patterns according to which the banking class operates. Unless there is strict governmental regulation and auditing the banking class will rob whole populations from the wealth they have build up with their labour, through first creating wealth bubbles and then shrinking the money supply by allowing the bubble to burst.
The other pattern is the creation of wars. Wars are immensely profitable for banks and other big corporations which are often linked to or owned by the same people. This has happened many times. In 1913 with the signing of the Federal Reserve Act the Federal Reserve Bank was created. A privately owned corporate entity that loaned money to the government and the people were than taxed to pay the money back. Because the Government does not print its own money but borrows it from privately owned banks people also have to pay interest over the money their government has borrowed. Since the banks only have to have a fraction of the money they lend out in their safes, it is safe to say that the private citizen banking class has the right to make money out of thin air, in charge interest on top of that.
If you or I would do this we would be arrested for counterfeiting and we would go to jail.
In 1929 the Wall Street crash happened, only 16 years after money creation became privatised. It was the end of an artificial bubble based on similarly hyped up values of useless paper that the bankers had build up since the privatisation of money creation.
This was reason enough for the world governments to take back partial control of the banks and they became subject to strict regulations for awhile. These regulations have been stripped back slowly over the last 30 years with the most important deregulatory act being the repeal of the Glass-Steagall Act in 1999.
In 1987 the year John Key started to work for the Bankers Trust, Black Monday happened and as a result in the year after this event a working group on financial markets was signed into life by Ronald Reagan, effectively shutting down the regulatory Securities and Exchange commission, even though the group was sold to the public as an extra guard dog.
It is also named the Plunge Protection Team, because it is suspected of manipulating the financial market when it is down. If you see a pattern of a week of falling stocks, but at the end of the week the stocks go magically up than this means that the Plunge Protection Team has been at work buying up stocks to build trust in the market. With this team in place and no effective oversight the banks were able to do what they do best. Build bubbles and deflate them, and create war and mayhem in order to make obscene amounts of money.
With the banks now having to write of huge amounts of subprime debt it can be said that the banks are losing huge amounts of money and this may be so. But it isn’t making the bankers any poorer. They are already loaded and with banks like Bears for sale at bargain prices (Last year one share was $ 170,- and Morgan Stanley Bank bought the Bank recently at $ 2,- a share) it is a boom time for the old Banks owned by the richest people of the planet. Additionally the war and the tax cuts for the rich have enslaved the US populations for decades to come when the time comes to pay the trillions they owe to the same group that sold them the subprime mortgages and gave them credit cards even when they never asked for them.
And now after the political assassination of stop Governor Spitzer, “the Sheriff from Wall street”, by exposing his sordid private live, it gets even better. As tens of thousands of lower and middle class Americans lose their homes due to rising rates and are forced to live in tent cities around American. Cities they once owned homes in.
These bankers are now appointed the new Sheriff of Wall street as if they haven’t done enough damage.
This is truly giving the foxes the key to the henhouse.
And while Bush tells the dumbed down masses that the economy is in good stead, financial experts state that the US is already in recession, and if the tent camps are anything to go by this time the poor American citizens will have to live in 3 world country circumstances while they are wondering what happened with America the great.
the bankers are now appointed the new Sheriff of Wall street as if they haven’t don enough damage.
This is truly giving the foxes the key to the henhouse.
And while Bush tells the dumbded down masses that the economy is in good stead, financial experts state that the US is already in recession, and if the tent camps are anything to go by this time the poor American citizens will have to live in 3 world country circumstances while they are wondering what happened with America the great.