Financial Terrorism
The speculators are still in control. Max Keiser stated that in 2006 Bankers from Lehman Brothers and Bear Stearns were planning to destroy the Icelandic financial system. He went on to say that the speculators had an agenda to bankrupt all the major economies of the world and to pocket the profits (hedge funds plot to cash in on fall of the euro).
The Keiser, estimated that the value of the ‘real’ world economy was $60 trillion and the value of the ‘derived’ or ‘speculative’ market was grater than $700 trillion, which is roughly the same ratio 1:11 to our own madness.
The successor to Orwell’s Newspeak, the Derivatives Acronyms is the new language of the private banking cartel, sounds something like this. “The FAST FOX SAFEly LEAPS over CHAPS with CHIPS on SWINGS but will DIE and ROT to the ECHO of the buddhist OM.” Understood all that? Or more importantly does your ‘representative’ or your Government?
Conspiracy theory or Bernanke’s contempt for US Congress
Stephen Zarlenga, Director of The American Monetary Institute writes “Over time, whoever controls the money system controls the nation.” – Presenting the American Monetary Act (as of July 18, 2009) (pdf)
Ellen Brown wrote It’s the Derivatives, Stupid! ““The point everyone misses,” wrote economist Robert Chapman a decade ago, “is that buying derivatives is not investing. It is gambling, insurance and high stakes bookmaking. Derivatives create nothing.” They not only create nothing, but they serve to enrich non-producers at the expense of the people who do create real goods and services. In congressional hearings in the early 1990s, derivatives trading was challenged as being an illegal form of gambling. But the practice was legitimized by Fed Chairman Alan Greenspan, who not only lent legal and regulatory support to the trade but actively promoted derivatives as a way to improve “risk management.” Partly, this was to boost the flagging profits of the banks; and at the larger banks and dealers, it worked. But the cost was an increase in risk to the financial system as a whole.”
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” The few who understand the system will either be so interested in its profits or so dependent upon its favors that there will be no opposition from that class while, on the other hand, the great body of people, mentally incapable of comprehending . . . will bear its burdens without complaint.”
Rothschild Brothers of London, 1863
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” I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. Corporations have been enthroned, an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few and the Republic is destroyed.”
Abraham Lincoln (attributed)
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“…commands are dispatched from a computer terminal, or a cell phone. Relevant data are instantly relayed to major financial markets – often resulting in immediate disruptions in the functioning of national economies. “Financial warfare” also applies complex speculative instruments including the gamut of derivative trade, forward foreign exchange transactions, currency options, hedge funds, index funds, etc. Speculative instruments have been used with the ultimate purpose of capturing financial wealth and acquiring control over productive assets.”
Michel Chossudovsky
” “Sustainability” has to mean “for a long time,” where “long” means compared to a human lifetime. The basic exponential arithmetic shows that growth of numbers of real things can’t continue for long times. This simple observation leads to the First Law of Sustainability. “Growth of populations and / or growth in rates of consumption of resources, cannot be sustained.” It follows that the term “sustainable growth” is an oxymoron. It remains a mystery as to why all the ardent advocates of sustainability talk about everything except the First Law of Sustainability.”
Albert A. Bartlett
“No money changer who may hereafter fail, and none who has recently or in times passed failed, shall again keep a bank or hold any office under the crown. Any such shall be proclaimed bankrupt and disgraced by public crier throughout the city and also in the place he had his office. Until he shall have satisfied all demands, he shall be detained on a diet of bread and water.”
Barcelona banking laws passed in 1300
Keiser Report ?14: Markets! Finance! Scandal!
Derivative (finance)
Janet Tavakoli
Web of Debt – Ellen Brown – 1 of 5
Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free by Ellen Hodgson Brown
Brooksley Born’s Nightmare Comes True
Al Bartlett: In Growth We Trust (the simple math 1 to 8 ) and The Essential Exponential!
Stephen Zarlenga: The Lost Science of Money
Carroll Quigley: Tragedy and Hope .(pdf 5.43MB )
ATTAC: ..Let’s shut down the financial casino (pdf)
Sponsor an Executive 🙂
A Pre-referendum documentary [John Zufelt]