Busted: Bankers and The Global Economy

November 21, 2010

Old News, New News

Filed under: banking, central bank, corporatism, economy, federal reserve, globalization, recession — Tags: , , , , , , — digitaleconomy @ 11:26 am

“Capital must protect itself in every possible way, both by combination and legislation. Debts must be collected, mortgages foreclosed as rapidly as possible. When, through the process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of government applied by a central power of wealth under leading financiers. These truths are well known among our principal men who are now engaged in forming an imperialism to govern the world. By dividing the voter through the political party system, we can get them to expend their energies in fighting for questions of no importance. It is thus by discreet action we can secure for ourselves that which has been so well planned and so successfully accomplished.”

– Montagu Norman, Governor of The Bank Of England, addressing the United States Bankers’ Association, NYC 1924

 

August 1, 2008

Oasis Wealth & Fraud: Simply Unsustainable

Since World War II, the United States has been the center of global finance. It has used that position to virtually dictate the conditions under which many other nations get access to capital. Letting weak and mismanaged companies fail has been high on the list. As of late, this reality is no longer the case as bailout fever ensues to glorify national confidence.

Henry Paulson, the U.S. Treasury boss, has not reigned in criticism of other countries that have nationalized corporations in the past. Since March, he has been in the position of recommending the same ideal himself. How times change. Fascism has come home to roost in America.

The U.S. economy is a shambles for most, perhaps subsistence at best. However, this does not include the up-and-coming flank of investors and administrators that are tapped into commodities futures. Unhappily, this too is a desert vision of an oasis. Eventually, thirsty investors will be gobbling down sand in an effort to sate their thirst for money and profits. This has already happened with the mortgage crisis. As the environmentalists would say: “this is isn’t sustainable.” The multi-level marketing scheme will become oversaturated and lose its potency. Eventually, the poison of fraud takes hold of those that practice it.

The U.S. is now enjoying the reality of an economic hangover from unbridled credit, financing and speculation compounded by ignorance and mismanagement. Wages haven’t kept pace for what seems like an eternity for all but the wealthiest. This was conveniently ignored as long as the nation thought borrowing would sustain the national lust for the appearance of wealth. The desert vision wasn’t sustainable and now, like the Japanese, Americans are thirstily looking for the next oasis. Surely corporate wealth and the corporate oligarchy will sustain us. Most plans for unbridled wealth are unsustainable. Is yours? ~ E. Manning

June 14, 2008

Is the Fed Promoting a Global Banking System

One of the latest proposals by the Federal Reserve :

Banks and investment banks whose health is crucial to the global financial system should operate under a unified regulatory framework with “appropriate requirements for capital and liquidity”, according to Timothy Geithner, president of the Federal Reserve Bank of New York.

Geithner was the head of policy development at the International Monetary Fund. He became the president of the New York Federal Reserve Bank in mid-November of 2003. Do you see yet another global banking connection?

The reality is that any global system for banking is in reality in place right now and heralds back to the Roman Empire through the Roman Catholic Church and, of course, Rome. The difference is that central bankers are promoting their global reality instead of hiding their coalition. That global banking system is simply growing in power, both in the U.S. and abroad. Even the likes of Lew Rockwell have recently pointed at the “objectionable truth”. If you have been reading this blog, you already know the truth.

February 20, 2008

Time to Pay Attention

Filed under: banking, credit, federal reserve, government, investment, money — Tags: , , , , , , , , , , — digitaleconomy @ 9:54 am

Isn’t it amazing? There are so many recession articles admonishing caution and cutbacks, expelling their legendary wisdom: more than six months after recession and after the recession is already well under way. If you were a patient, you would have died already. It is almost as if everyone was mysteriously asleep at the wheel until the United States screamed “uncle”. Now the writers come bearing their sage advice (more…)

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