Posts Tagged ‘occupy-wall-street’

Many veterans of the banking and financial sectors have either stated or heavily implied that the world’s money supply is essentially being created out of thin air and has no real value. Those who subscribe to this school of thought say the shaky foundations of financial systems in the 21st Century is mainly down to the fact that all countries use Fiat Money, or inconvertible paper money made legal tender by government decree.

We address this in book five in The Underground Knowledge Series – the contentious new release, INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism.

INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism (The Underground Knowledge Series Book 5)

An excerpt from INTERNATIONAL BANKSTER$  follows:

Throughout history, at various times and as recently as only several decades ago, other monetary systems were traditionally used such as Commodity Money or Representative Money. This meant the value of the money was either in the currency itself (e.g. real gold and real silver coins) or else the currency was a direct representative of a real commodity in physical storage (e.g. gold and silver certificates).

However, other financial whistleblowers argue the monetary and inflationary problems undermining the world at present have more to do with the fraudulent activities within elite banking circles than they do with the Fiat Money system.

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“The bankers and financiers are badly overplaying their hands, again, and people are starting to catch on to the scam. Real wealth is tangible things produced with tangible effort. Loans made out of thin-air ‘money’ require no effort and are entirely ephemeral. But if those loans are used to acquire real ownership of real assets, then something has been exchanged for nothing and one party is getting screwed.”Chris Martenson

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This headline in The Washington Post  edition of May 20, 2015, caught our eye: “Five big banks agree to pay more than $5 billion to settle regulatory charges.” That sounded like a reasonably large fine to us…until one critic described it as “a slap on the wrist”. When you consider the monies involved, that critic is probably right.

Excerpts from that article follow:

“Five of the world’s largest banks have agreed to pay more than $5 billion in fines to settle charges made by regulatory agencies and the Justice Department that the banks had acted in concert to manipulate international interest and foreign currency exchange rates.

“Attorney General Loretta E. Lynch said the banks had engaged in ‘brazenly illegal behavior . . . on a near-daily basis.’ She added that the deal showed that the government ‘intends to vigorously prosecute all those who tilt the economic system in their favor (and) who subvert our marketplaces’.”

The article continues, “The scale of the price-fixing scandal is hard to grasp, yet it touched, imperceptibly, almost every company and individual in the financial markets. By tweaking global benchmarks used to set foreign exchange and interest rates for a staggering number of transactions a day, the banks — over several years — bilked billions of dollars of extra profits by altering rates in their favor.

“Critics complained that the Justice Department had failed to prosecute any additional individuals… The fines, however, are among the largest ever. Barclays will pay $2.4 billion and fire eight employees who violated New York banking law for attempting to manipulate spot foreign exchange markets, in which $500 billion worth of dollars and euros are traded every day — five times as much as on all U.S. stock markets combined…

“Dennis Kelleher, president of Better Markets, a non-profit group, said that the Justice Department had not done enough, saying ‘it talks tough, but winks at Wall Street’s too-big-to-fail banks’ criminal conduct, structuring sweetheart deals to minimize the impact on the criminals.’ Kelleher said the fines alone wouldn’t deter future criminal acts and that the Justice Department should punish bank executives and their supervisors for bad behavior. ‘Banks don’t commit crimes, bankers do,’ he said”.

File:Exchange Money Conversion to Foreign Currency.jpg

We gotta ask…What value do currencies really have?

“Banking is changing, slowly, but its culture is still corrupt.” That’s according to a headline in The Guardian  newspaper’s edition of November 16, 2014.

In the article beneath that revealing headline, Guardian  columnist Will Hutton says, “Another week, another financial scandal. Six global banks, including RBS and HSBC, were fined £2.6bn last week for rigging the foreign exchange markets. Since 2008, total fines levied in Europe and the US for banking crimes and misdemeanours now top £100bn, with banks making provision for a further £60bn. British banks alone have set aside an estimated £30bn for fines, provisions and litigation costs.”

Hutton asks, “What has gone wrong with Western finance?”

We are asking the same question.

Hutton continues, “The systemic ripping off of customers continued after the financial crisis to constitute what is now the biggest-ever global corporate scandal. Banks worldwide duped clients into buying products that were either not needed or provided no purpose. Worse, they organised financial markets whose purpose was to serve their own interests rather than those they purported to serve. It has proved a hard habit to break.

“British banks selling payment protection insurance (PPI) products on an industrial scale were doing what a street vendor in a bazaar might try. It shouldn’t have happened but it’s a perennial temptation. Finance is more exposed to this sort of risk, because customers are more credulous about financial products; and also because regulators have allowed banks to book the profits from products they sell on the moment of sale rather than over their life”.

Hutton concludes, “And yet reading the chatroom banter, with its echoes of the banter over mis-selling PPI, rigging interest rates or derivatives, offers a window into a very degraded culture. Making money from money, with the clients’ interest last, is too dominant an element in the culture of investment bankers. Companies are seen by too many people, notably shareholders, as just instruments for self-enrichment”.

But honestly, what can we expect from banksters when all they usually receive is a “slap on the wrist” from lawmakers whenever they get caught doing wrong?

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“We know now that Government by organized money is just as dangerous as Government by organized mob.”Franklin D. Roosevelt

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You have been reading an excerpt from INTERNATIONAL BANKSTER$. (To be continued).

This book is available exclusively via Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/  

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You don’t need to be a financial wizard to know that corruption is alive and well inside the global finance sector. On a daily basis we are bombarded with mainstream news headlines confirming exactly that – the corruption rumors swirling about the European Union (EU) and the escalating Greek financial crisis being a case in point.

We explore these themes in our new release book INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism.

An excerpt from the book follows:

Banks and bankers, of course, are at the very apex of the finance sector. So let’s take a closer look at banking in the 21st Century.

Surprisingly, some of the most perceptive insights into today’s banking system and the problems that pervade it are to be found within alternative media. It turns out there’s a number of former bankers and money men (and women) to be found within the ranks of the citizen journos, or lay journalists, who ‘man’ these alternative media sites.

One of the best summaries of corruption of the banking system, in our opinion, is to be found on the appropriately named TheAlternativeMedia.com  site. On that site, one Mitchell Cagle writes:

“Banks for decades have been the central source of where we save, manage and deposit our money. Many people do not know what actually goes on when your money is deposited. The bank uses your money to invest then gives you a fraction of what they make in interest. Sometimes that interest can actually end up being nothing due to the “fees” they actually charge that are excessive and fraudulent in most cases.

“Lately, banks have increased these fees some 54% resulting in profits of 34 billion dollars per year. It becomes increasing(ly) difficult to balance a checkbook anymore because of these “hidden fees”. If you have a savings account, you are also being ripped off with monthly fees just for having the privilege”.

Cagle lists the following as “examples of how we are being ‘feed’ to death by the banks:

“Banks engage in abusive practices that maximize overdraft fee revenue. The most common triggers of these fees are small debit card transactions that could easily be denied for NO fee.

“They charge exorbitant fees that bear NO relationship to the cost of covering an overdraft.

“They charge excessive numbers of overdraft fees over the course of a day, month or year.

“Automatically enrol customers in the most expensive overdraft protection possible.

“Monthly fees from nine dollars to thirty dollars for checking and savings accounts that used to be FREE.

“They push customers to use debit cards because it cost them LESS to process but GOUGE retailers and customers because of the monopoly setup of the payment system”.

But of course hidden fees are minor tools, or strategies, compared to other tricks of the trade employed by banksters.

 

A sea of never-ending debt

For a more ‘qualified’ insight into the money system, money markets and banking, you can’t go past Ellen Brown’s bestseller Web of Debt. An attorney, Ms Brown is founder of America’s Public Banking Institute. She’s also a harsh critic of what she describes as the money system.

Web of Debt’s blurb reads:

“Our money system is not what we have been led to believe. The creation of money has been “privatized,” or taken over by private money lenders. Thomas Jefferson called them ‘bold and bankrupt adventurers just pretending to have money.’ Except for coins, all of our money is now created as loans advanced by private banking institutions — including the privately-owned Federal Reserve. Banks create the principal but not the interest to service their loans. To find the interest, new loans must continually be taken out, expanding the money supply, inflating prices — and robbing you of the value of your money.

“Not only is virtually the entire money supply created privately by banks, but a mere handful of very big banks is responsible for a massive investment scheme known as ‘derivatives,’ which now tallies in at hundreds of trillions of dollars. The banking system has been contrived so that these big banks always get bailed out by the taxpayers from their risky ventures, but the scheme has reached its mathematical limits. There isn’t enough money in the entire global economy to bail out the banks from a massive derivatives default today”.

Even if Ms Brown is only partially right in that assessment, it still means there is a massive monetary predicament looming.

 

“The bankers and financiers are badly overplaying their hands, again, and people are starting to catch on to the scam. Real wealth is tangible things produced with tangible effort. Loans made out of thin-air ‘money’ require no effort and are entirely ephemeral. But if those loans are used to acquire real ownership of real assets, then something has been exchanged for nothing and one party is getting screwed.” –Chris Martenson

 

You have been reading an excerpt from INTERNATIONAL BANKSTER$. (To be continued).

INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism (The Underground Knowledge Series Book 5)

This book is available exclusively via Amazon: http://www.amazon.com/INTERNATIONAL-BANKSTER-Restructuring-Capitalism-Underground-ebook/dp/B015QN5RTY/  

 

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banksters-of-america

Since the Global Financial Crisis of 2007-2008, many around the world have been questioning whether there are certain figures and groups manipulating financial markets behind the scenes. This speculation intensified with the ensuing government bailouts of privately owned banking institutions ahead of the millions of citizens facing bankruptcy.

There has been a growing awareness in the masses of large-scale financial corruption by the elite – or the 1%, if you will.

The public are not stupid. What the average person lacks in specific knowledge of money markets, they make up for in spades with street smarts and life experience. And the masses have now caught on to what has been going on for decades, if not centuries, with the bankers of the world.

 

Fletcher Von Pein was one of the twelve founders of the Omega Agency. He was also a powerful banker and a majority shareholder in the US Federal Reserve which, despite its misleading name, had zero government ownership and was actually a private corporation owned by the global elite. The Orphan Factory

 

In The Orphan Factory, one of the founding members of the Omega Agency – the shadowy organization that created the orphans – is a senior banker of the US Federal Reserve, aka the Fed. We made this character choice as we believe the banking elite are some of the most powerful and influential people around. They shape the world far more than politicians do. After all, money can buy administrations. Some would even argue money can buy elections as well.

The Fed

If one day proven to be correct, the conspiracy theory surrounding the Federal Reserve is one that may explain a variety of unusual occurrences in financial markets over the years.

In a nutshell, this theory contends that the Fed is an institution that acts independent of the US Congress, has zero transparency or accountability, and even determines its own monetary policy.

 

Bankster definition: A portmanteau or blend word derived from combining “banker” and “gangster”. Usually referred to in the plural form “banksters” to refer to a predatory element within the financial industry.

 

What is a central bank?

A central bank is a financial organizationresponsible for overseeing the monetary system of a nation. It manages a country’s currency, sets interest rates and steers an economy toward inflation targets.

If a nation’s central bank is managed without corruption or interference from foreign countries, it should be a stabilizing force. In theory, a central bank can shield an economy from volatility in financial markets.

But the operative word is corruption.

Ron Paul, official Congressional photo portrait, 2007.jpg  Jesse Ventura.jpg

Senator Paul and Governor Ventura targeted the global elite.

Numerous economists and historians, and vociferous politicians like Senator Ron Paul and Governor Jesse Ventura, have opined that the global elite had been aiming to control the resources of the US for centuries. Creating an American central bank privately owned by an international banking cartel seemed to be the most efficient way to achieve this aim.

 A short history of central banking in the US

In 1791, the First Bank of the United States was set up apparently because the Government had a massive debt left over from the Revolutionary War known as the American Revolution. Many researchers say this was the earliest attempt by banking families of the global elite to create a privately-owned US central bank, masquerading as a federally-owned entity.

Although the bank had numerous opponents in the political arena, it only controlled 20% of the nation’s money supply – unlike the Fed today which manages 100% of the nation’s money supply and not a ‘penny’ less.

American Founding Father and the nation’s third President, Thomas Jefferson, was one of the most vocal critics of the First Bank of the United States. He argued the bank was unconstitutional, citing the 10th Amendment. 

Portrait of Thomas Jefferson by Rembrandt Peale.

President Jefferson (above) and the First Bank of the US he so detested (below).

firstbank

Jefferson also hinted that a central bank would lead to a monopoly instead of a free market. He said, “The existing banks will, without a doubt, enter into arrangements for lending their agency, and the more favorable, as there will be a competition among them for it; whereas the bill delivers us up bound to the national bank, who are free to refuse all arrangement, but on their own terms, and the public not free, on such refusal, to employ any other bank.”

This experiment in US banking ended in 1811 when the bank’s charter expired. Because of the institution’s many critics, Congress decided not to renew its charter.

Six years later, in 1817, the Second Bank of the United States was brought into being as major international banking families continued to push for an American central bank. This bank was also quite temporary, with President Andrew Jackson ending its existence only 15 years later.

However, the global elite’s bankers did not give up and in the early 20th Century started formulating ideas to create the US Federal Reserve System as we know it. One of the group’s breakthrough ideas came during a secretive meeting at a hunting lodge on Jekyll Island, off the coast of Georgia, when they decided not call the new bank a central bank. History had shown America did not want a central bank.

After much brainstorming, the deceptive Federal Reserve name was agreed upon – presumably because it was assumed this name would fool the public into thinking it was a government-owned bank.

Although representatives of this shadowy banking cartel were open to co-managing this new central bank with Congress, all agreed the bank’s members had to be private banks that would own all of its stock.

 

Von Pein’s family was a little known, but highly influential entity within American banking circles. Banking Royalty, some called it. His grandfather had been one of the chief orchestrators of the Federal Reserve Act of 1913, which effectively took ownership of the bank from the American people. The Orphan Factory

 

Federal Reserve Act of 1913

In 1913, the banksters finally succeeded in creating a US central bank with the passing of the Federal Reserve Act. This bill, which had already been soundly defeated several times, appears to have come to fruition only because of well-orchestrated timing: the Federal Reserve Act was slipped through a skeleton Congress on December 23, 1913 when most of the bill’s opponents had already left Congress for the holidays.

The Federal Reserve System, which was first devised in that secret meeting on Jekyll Island, was now codified by Congress and remains in effect to this day.

Fact: The Federal Reserve is the central bank of the United States, though not a part of the US Government.

Say what?

It’s not a part of the government, at all.

But it says Federal! Surely it cannot be a privately owned organization?

The Fed is not a part of the government, at all.

Critics of the Federal Reserve say its sole purpose is to strip wealth from honest, hardworking American citizens and make the world’s leading banking clans even richer.

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Former NYC Mayor John Hylan…no fan of bankers.

John Hylan, Mayor of New York City from 1917 until 1925, made some extraordinary statements in a speech he delivered in 1922. What Mayor Hylan said seems to confirm a grand conspiracy was indeed devised for the American banking system by the global elite.

“The real menace of our Republic is the invisible government, which like a giant octopus sprawls its slimy legs over our cities, states and nation,” said Mayor Hyland. “To depart from mere generalizations, let me say that at the head of this octopus are the Rockefeller-Standard Oil interests and a small group of powerful banking houses generally referred to as the international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both parties, write political platforms, make catspaws of party leaders, use the leading men of private organizations, and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business.”

Only nine years after the Federal Reserve System was created, Mayor Hylan already seemed to be aware that this “invisible government” of “powerful international bankers” was controlling the US Government.

 JFK vs. the Fed

Less than six months before he was assassinated, President Kennedy had begun formulating a new Federal Reserve Act, which many say would have restored the Fed to a fully-fledged US Government bank.

John F. Kennedy, White House photo portrait, looking up.jpg

President Kennedy went after the Fed.

A little-known Presidential decree – Executive Order 11110 – was signed by Kennedy on June 4, 1963. It would have deprived the Federal Reserve of its ability to loan money to the US Government at interest. By signing the document, President Kennedy was attempting to put an end to the Fed – or at least the Fed as we know it.

Without going into the specifics of Executive Order 11110, it arguably could have stopped the US from reaching its record-level national debt.

Seven theses on the present crisis - João Bernardo

As of the time of writing, the country’s national debt is a crippling 17 trillion dollars – that’s US$17,000,000,000,000 – and has increased at approximately 2 billion per day for the last 18 months.

Instead, JFK was assassinated as we all know. But what is less known is the United States Notes the President had issued as part of the executive order – notes which were designed to replace the Federal Reserve Notes – were immediately taken out of circulation.

To this very day, the Federal Reserve Notes remain in circulation as the currency all Americans use.

And, of course, what also remained post JFK was a central bank only nominally under the Government’s control.

 

Von Pein understood the entire monetary system was a gigantic Ponzi scheme and could be tampered with accordingly. He and his Federal Reserve cronies controlled interest rates, inflation and the printing of paper money. Thanks to him, funds from the Fed could be consistently funnelled into the Omega Agency via a multitude of offshore bank accounts.The Orphan Factory

 

The Fed in the 21st Century

It has been estimated by independent researchers that eight banking families, including the Rockefeller family, own 75% to 85% of the shares in the Federal Reserve Bank. Many of the individuals in those families are also politicians. They include Republicans and Democrats, so clearly political allegiances make no difference. That’s no surprise as its almost common knowledge that the same financiers bankroll the campaigns of the two dominant parties in American politics.

   Republican Party            Democratic Party logo

Republican or Democrat…makes no difference.

Interestingly, most of the shareholders of the Fed are also members of the Bilderberg Group and/or the Council on Foreign Relations.

After more than a century of these elite banksters having their way with little opposition, there has in recent times been a groundswell of resistance against the Fed. This resistance began as a grassroots movement early in the 21st Century and has really caught on in the last few years.

Two of the main reasons for the Federal Reserve conspiracy theory reaching popular consciousness were Ron Paul’s presidential campaigns and the Occupy movement, that protest movement against economic and social inequality.

Congressman Ron Paul, a long-time critic of the Fed, said the following at the Republican GOP debate in Dearborn, Michigan, on October 9, 2007:

“What’s happening is, there’s transfer of wealth from the poor and the middle class to the wealthy. This comes about because of the monetary system that we have. When you inflate a currency or destroy a currency, the middle class gets wiped out… which is created by the Federal Reserve system benefit. So the money gravitates to the banks and to Wall Street.”

And even more to the point, in a CNBC debate with Faiz Shakir on March 20, 2008, Ron Paul was asked to explain why he believes the Federal Reserve should not exist. Paul answered as follows:

“First reason is, it’s not authorized in the Constitution, it’s an illegal institution. The second reason, it’s an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we’d be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value. This station talks about free market capitalism, and you can’t have free market capitalism if you have a secret bank creating money and credit out of thin air. They become the central planners, they decide what interest rates should be, what the supply of money should be.”

Only a few years later, the Occupy Movement became headline news around the world after a series of dramatic protests. To paraphrase, the international protest organization’s mission statement is to rally against inequality in all forms, especially economic inequalities. The Occupy Movement also aims to make the spread of wealth more evenly distributed amongst all sectors of society.

Occupy Ballerina Poster

Occupy Wall Street struck a chord with the 99%.

View image on Twitter

2011’s Occupy Wall Street struck a chord with the masses, and the movement’s ideals spread like wildfire from there. Less than a month after the Wall Street occupation began in New York City, there were protests all across America, and even more impressively in 82 countries worldwide.

During Occupy Wall Street, End the Fed and Audit the Fed were popular slogans used by protestors, and the mainstream media reported on these. We are the 99% proved to be an even more popular Occupy slogan – so much so that it soon became a worldwide catchphrase used by charities, television advertisers and common citizens.

Primarily off the back of the awareness gained from the Occupy Wall Street movement and Ron Paul’s 2008 and 2012 presidential campaigns, campaigners’ desire that the Federal Reserve System be audited sparked nationwide interest.

In 2012, a bill inspired by this movement was passed through the House of Representatives with overwhelming bipartisan support. Called ‘Audit the Fed’, the bill was introduced into the House by Ron Paul.

However, in late 2013, Paul’s son Rand Paul launched an initiative to pass the same bill into the Senate. This debate is still ongoing as of writing, but it does not look likely to become law. Although the bill has some support in the Senate, Rand Paul currently faces stiff opposition from the likes of recently instated Federal Reserve Chair Janet Yellen and President Obama, to name but two.

Why are leaders so scared of having an audit of a supposedly federal organization?

Perhaps it’s because there has never been a true, comprehensive audit of the Federal Reserve since the institution began in 1913…

 

We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. –Congressman Louis T. McFadden. 10 June, 1932

 

What do all these quotes, facts, opinions, rumors and conjecture mean regarding the financial system?

Admittedly, the points raised in this chapter simply lead to more questions than answers – that’s always the hallmark of a good conspiracy theory!

Questions such as:

Is the Federal Reserve designed to be the biggest money laundering institution in the world?

Are there really powerful groups operating behind the scenes who manipulate governments, economies, journalism and elections with effortless ease? If so, how are they able to hide their deceitful activities?

Do journalists purposefully obscure the truths surrounding the Fed in order not to upset the powers that be? Or is the average journalist simply unaware of the history of the Fed?

And finally, remember that we could be totally wrong about everything we wrote on the Federal Reserve here and in The Orphan Trilogy. In which case you should probably bank all that cash you keep under your mattress and let it start earning interest!

 

Read more in The Orphan Conspiracies: 29 Conspiracy Theories from The Orphan Trilogy – available now via Amazon at: http://www.amazon.com/The-Orphan-Conspiracies-Conspiracy-Theories-ebook/dp/B00J4MPFT6/

A book that’s for the common people.

 

Happy reading! –James & Lance

 

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