Posts Tagged ‘Federal Reserve


Why a global financial collapse and how to survive it

I’m going to write a post on each important forecast of the Web Bot project over the next few days. These issues are so important that it is a good idea to have a look at their real probabilities of coming to pass.

So let’s start with the forecast collapse of the dollar, leading to systemic collapse of the whole economic system, or at least the Anglo-American part of it – which should severely affect everyone worldwide.

If you haven’t read it already, this post contains very good links and explanations – the comments are interesting too:

Originally today I was going to write another long, convoluted post with all sorts of links and documents, but this morning I stumbled upon an article that goes far to explain the reasons behind the continuing US economic collapse that can be readily expanded to understand our worldwide predicament. It also touches on some of the solutions possible to reinvent markets where value is not continually destroyed in the current devious manner. One thing that the mainstream media never seems to mention are the numerous other monetary and economic systems mankind has developed over time that actually benefit everyone participating. And then they claim to “inform” people…

I find it quite encouraging that many deadly serious economists are starting to condemn our current economic system in the same tone I’ve been using for the last few years ! It’s about time; with most western economies stupidly depending on loans from international financial institutions for everything from their budgets to waging war, international big players have a ridiculously unjustified influence on the policies and well-being of supposedly independant states. These states are slowly finding themselves more and more subordinate to foreign bureaucracies and money, and this is definitely not improving their economies, standards of living, education, health, or just about any other sector. If it was, we would not be in the mess we are in ! QED…

The hope of the wealthy elites – that through this collapse people will be scared into creating a handfull of international currencies to centralise institutionalised vampirism – must be dashed at all costs, unless we want to see the same soulless entities responsible for the current crisis gaining absolute control of all the worlds wealth they do not already possess.

Luckily people seem to waking up to this scenario all around the world and are thinking of creative solutions.

An excellent video on the global financial collapse seen through the eyes of the level headed Argentine intellectual Adrian Salbuchi:

Global Financial Collapse Part 1

Global Financial Collapse Part 2

Another good guy who says it “as it is”

He has been studying global economics for decades, is the founder of the Argentine Second Republic movement, and being from Argentina is uniquely positioned to understand the causes and effects of depression on a country, following Argentina’s collapse from being one of the five richest countries in the world to one of the poorest, most indebted nations.

Take heed, western world !


The latest joke buzzword in Finance: oversight

Don’t you get a fuzzy warm feeling too when the word “oversight” is used several times in the same soundbite from some polititian or economist ? It sounds reassuring that some important sounding body is being given the job of watching over our great and grimy financial institutions…

Unfortunately, the bigger the bank, the less the oversight.

If anyone out there still doubts how little oversight exists over the banks that hold the entire finances of powerful countries in their hands, here is a video of  the Financial Services Subcommittee on Oversight and Investigations hearing of May 5, 2009

It would seem incredible, almost funny video if this was not the future debt of countless generations of americans that is being dealt with in such an arrogant, opaque way.

It seems to add insult to injury the federal Reserve is even making interest on the tax payer money used to bail out it’s own institutions.

No wonder US gun shops have broken all their records selling more ammunition over the last few months to american citizenry than ever in history…

Well, it is about time this vampiric system got changed, but it would be nice if it could be done in a peaceful, sensible way rather than the usual bloodbath.

To cut years of world-wide agony short maybe confiscating the assets of everyone involved at the top levels, investing the money in alternative energy and putting all big money wall street types to work replanting the amazon would be a good idea. Unfortunately our governments represent their interests and not ours, so they will prefer to let the world economy collapse, throw everyone in the West into debt-slavery from birth, and starve the third world to death. Sound improbable ? It’s happening as I speak…

The elite probably think they don’t need us peasants any more anyway, at least in such numbers – after all, since the “post war dream” we have developped science and technology enough already for them to all live in health and luxury from now on, with a few servants and all the cheap technology money can buy – the rest of us can be plunged into an impoverished dark ages.

But in stride with the “normalising the unthinkable” process, chipping away at humanity’s very essence, I’m sure a lot of people would ignorantly help them achieve that unspeakable end.


Revealing quotes about our economic system

As a follow-up to the “we’re all doomed” post & comments, I thought it would be appropriate to quote a few famous bankers and politicians on financial and banking policy. If you haven’t, please read that post first and the comments.

It seems we have all been dupes for well over a century believing we could leave in the hands of a few self-serving people almost total financial power over our industries, services and lives.

No wonder the world is in such a mess !

First the comments of a few American presidents:

Let’s start with good old Jeff. It seems that he saw it all coming:

If the American people ever allow private banks to control the issue of their  currency, first by inflation, then by deflation, the banks…will deprive the people of  all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)

I believe that banking institutions are more dangerous to our liberties than standing armies. – Thomas Jefferson

… The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating. -Thomas Jefferson

Madison gets to the point:

History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by  controlling money and its issuance. -James Madison

How about Andrew Jackson ?

If congress has the right under the Constitution to issue paper money, it was  given them to use themselves, not to be delegated to individuals or corporations. -Andrew Jackson

Abe Lincoln’s point of view:

The Government should create, issue, and circulate all the currency and  credits needed to satisfy the spending power of the Government and the buying power of  consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity. -Abraham  Lincoln

Roosevelt ?

Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands. – Theodore Roosevelt

Hmm, seems like they were all pretty much against the current system. So what happened ?

Despite the warnings of many of his predecessors, Woodrow Wilson signed the 1913 Federal Reserve Act changing the American financial structure radically. A few years later he wrote:

I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of  credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most  completely controlled and dominated Governments in the civilized world. No longer a  Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men. -Woodrow  Wilson

Now for the other side; let’s hear what some of the bankers have said about all this. Maybe we are misunderstanding their aims and intentions ?

The bank hath benefit of interest on all moneys which it creates out of nothing. -William Paterson, founder of the Bank of England in 1694, then a privately owned bank.

Let me issue and control a nation’s money and I care not who writes the laws. -Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild.

The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests. -The Rothschild brothers of London writing to associates in New York, 1863.

I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people. – Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924.

The banks do create money. They have been doing it for a long time, but they didn’t realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it. -H W White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission, 1955.

And that was in 1955… They have come a long way since then in streamlining and globalising their operations all the way up to the current disaster.

All the currently proposed solutions to this economic mess portrayed by our media only offer alterations to the system in place, or even worse, centralisation of all banking into “regulatory bodies” run by the very groups that created this iniquitious system to start with. A clear case of “wolves guarding the henhouse” don’t you think ?

The big question is: can anyone do anything about it, anywhere ?

Feel free to post any ideas in the “comments” section (link at the top of the post) Any more good quotes would be welcome too

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