One of the richest families in Germany, the Quandts, are descendents of a very ambitious industrialist of the early and mid 20th century, Gunter Quandt. His son acquired 50% interest in BMW in 1960. His other son was the oldest child of Magda Goebbels (during her first marriage to Gunter Quandt) and the only one she didn't poison in Hitler's bunker.
This is from a series done in Germany a few years ago. It's a long series, but just watching the first one or two gives you the picture. Press the 'cc' button for subtitles.
"...But people better realize that the worst-case scenario could actually happen.9/11 happened. This can happen. An economic 9/11, the likes of which we've never seen." Gerald Celente
Pika-steph
Posts: 54732
Incept: 2007-09-11
Live Free Or Die; US Army Est. 1775
No idea if this is fact or fiction or what, but there's certainly some truth here.
Quote:
Startling revelations from a Swiss banking insider
(interview with a Swiss banker done in Mosñow 30.05.2011) Q: Can you tell us something about your involvement in the Swiss banking business?
A: I have worked for Swiss banks for many years. I was designated as one of the top directors of one of the biggest Swiss banks. During my work I was involved in the payment, in the direct payment in cash to a person who killed the president of a foreign country. I was in the meeting where it was decided to give this cash money to the killer. This gave me dramatic headaches and troubled my conscience. It was not the only case that was really bad but it was the worst.
It was a payment instruction on order of a foreign secret service written by hand giving the order to pay a certain amount to a person who killed the top leader of a foreign country. And it was not the only case. We received several such hand written letters coming from foreign secret services giving the order to payout cash from secret accounts to fund revolutions or for the killing of people. I can confirm what John Perkins has written in his book “Confessions of an Economic Hit Man”. There really exists just a system and Swiss banks are involved in such cases.
Q: Perkins book is also translated and available in Russian. Can you tell us which bank it is and who was responsible?
A: It was one of the top three Swiss banks at that time and it was the president of a country in the third world. But I don’t want to give out to many details because they will find me very easily if I say the name of the president and the name of the bank. I will risk my life.
Q: You can’t name any person in the bank either?
A: No I can’t, but I can assure you this happened. We were several persons in the meeting room. The person in charge of the physical payment of the cash came to us and asked us if he is allowed to payout such a big amount in cash to that person and one of the directors explained the case and all others said ok you can do it.
Q: Did this happened often? Was this kind of a slush fund?
A: Yes. This was a special fund managed in a special place in the bank were all the coded letters came in from abroad. The most important letters were hand written. We had to decipher them and in them was the order to pay a certain amount of cash from accounts for the assassination of people, funding revolutions, funding strikes, funding all sorts of parties. I know that certain people who are Bilderbergers were involved in such orders. I mean they gave the orders to kill.
Q: Can you tell us in what year or decade this happened?
A: I prefer not to give you the precise year but it was in the 80’s.
Q: Did you have a problem with this work?
A: Yes, a very big problem. I could not sleep for many days and after a while I left the bank. If I give you too many details they will trace me. Several secret services from abroad, mostly English speaking, gave orders to fund illegal acts, even the killing of people thru Swiss banks. We had to pay on the instructions of foreign powers for the killing of persons who did not follow the orders of Bilderberg or the IMF or the World Bank for example.
Q: This is a very startling revelation that you are making. Why do you feel the urge to say this now?
A: Because Bilderberg is meeting in Switzerland. Because the world situation is getting worse and worse. And because the biggest banks in Switzerland are involved in unethical activities. Most of these operations are outside the balance sheet. It is a multiple of what is officially declared. Its not audited and happening without any taxes. The figures involved have a lot of zeros. Its huge amounts.
Q: So its billions?
A: Its much more, its trillions, completely unaudited, illegal and besides the tax system. Basically it’s a robbery of everybody. I mean most normal people are paying taxes and abiding by the laws. What is happening here is complete against our Swiss values, like neutrality, honesty and good faith. In the meetings I was involved in, the discussions where completely against our democratic principles. You see, most of the directors of Swiss banks are not locals anymore, they are foreigners, mostly Anglo-Saxon, either American or British, they don’t respect our neutrality, they don’t respect our values, they are against our direct democracy, they just use the Swiss banks for their illegal means.
They use huge amounts of money created out of nothing and they destroy our society and destroy the people world wide just for greed. They seek power and destroy whole countries, like Greece, Spain, Portugal or Ireland and Switzerland will be one of the last in line. And they use China as working slaves. And a person like Josef Ackermann, who is a Swiss citizen, is the top man at a German bank and he uses his power for greed and does not respect the common people. He has quite a few legal cases in Germany and also now in the States. He is a Bilderberger and does not care about Switzerland or any other country.
Q: Are you saying, some of these people that you mention will be at the up-coming Bilderberg meeting in June in St. Moritz?
A: Yes.
Q: So they are currently in a position of power?
A: Yes. They have huge amounts of money available and use it to destroy whole countries. They destroy our industry and build it up in China. On the other hand they opened up the gates in Europe for all Chinese products. The working population of Europe is earning less and less. The real aim is to destroy Europe.
Q: Do you think that the Bilderberg meeting in St. Moritz has symbolic value? Because in 2009 they where in Greece, 2010 in Spain and look what happened to them. Does this mean Switzerland can expect something bad?
A: Yes. Switzerland is one of the most important countries for them, because there is so much capital here. They are meeting there because apart from other things they want to destroy all values that Switzerland stands for. You see it’s an obstacle for them, not being in the EU or Euro, not totally controlled by Brussels and so on. Regarding values I am not talking about the big Swiss banks, because they are not Swiss anymore, most of them are lead by Americans. I am talking about the real Swiss spirit that the common people cherish and hold up.
Sure it has symbolic value, as you said, regarding Greece and Spain. Their aim is to be a kind of exclusive elite club that has all the power and everybody else is impoverished and down.
Q: Do you think that the aim of Bilderberg is to create a kind of global dictatorship, controlled by the big global corporations, were there are no sovereign states anymore?
A: Yes and Switzerland is the only place left with direct democracy and its in their way. They use the blackmail of “too big to fail” as in the case of UBS to put our country in big debt, just like they did with many other countries. In the end maybe they want to do with Switzerland what they did with Iceland, with all the banks and the country bankrupt.
Q: And also bring it in to the EU?
A: Of course. The EU is under the iron grip of Bilderberg.
Q: What do you think could stop this plan?
A: Well that’s the reason I speak to you. Its truth. Truth is the only way. Put a light on this situation, expose them. They don’t like to be in the spotlight. We have to create transparency in the banking industry and in all levels of society.
Q: What you are saying is, there is a correct side to the Swiss banking business and there are a few big banks that are misusing the financial system for their illegal activities.
A: Yes. The big banks are training their staff with Anglo-Saxon values. They are training them to be greedy and ruthless. And greed is destroying Switzerland and everybody else. As a country we have a majority of the most correct operating banks in the world, if you look at the small and midsize banks. Its just the big ones who operate globally that are a problem. They are not Swiss anymore and don’t consider themselves as such.
Q: Do you think it is a good thing that people are exposing Bilderberg and showing who they really are?
A: I think the Strauss-Kahn case is a good chance for us, because it shows these people are corrupt, sick in their minds, so sick they are full of vices and those vices are kept under wraps on their orders. Some of them like Strauss-Kahn******women, others are sado maso, or paedophile and many are into Satanism. When you go in some banks you see these satanistic symbols, like in the Rothschild Bank in Zurich. These people are controlled by black-mail because of the weaknesses they have. They have to follow orders or they will be exposed, they will be destroyed or even killed. The reputation of Strauss-Kahn is not only killed in the mass media, he could be killed also literally.
Q: Since Ackermann is in the steering committee of Bilderberg, do you think he is a big decision maker there?
A: Yes. But there are many others, like Lagarde, wo will probably be the next IMF head, also a member of Bilderberg, then Sarkozy and Obama. They have a new plan to censor the internet, because the internet is still free. They want to control it and use terrorism or what ever as a reason. They could even plan something horrible so that they have an excuse.
Q: So that is your fear?
A: Its not only a fear, I am certain of it. As I said, they gave orders to kill, so they are capable of terrible things. If they have the feeling they are losing control, like the uprising now in Greece and Spain and maybe Italy will be next, then they can do another Gladio. I was close to the Gladio network. As you know they instigated terrorism paid by American money to control the political system in Italy and other European countries. Regarding the murder of Aldo Moro, the payment was done thru the same system as I told you about.
Q: Was Ackermann part of this payment system at a Swiss bank?
A: (S m i l e) … you are the journalist. Look at his career and how fast he made it to the top.
Q: What do you think can be done to hinder them?
A: Well there are many good books out there that explain the background and connect the dots, like the one I mentioned by Perkins. These people really have hit men that get paid to kill. Some of them get their money thru Swiss banks. But not only, they have a system set up all over the world. And to expose to the public these people that are prepared to do anything to keep control. And I mean anything.
Q: Thru exposure we could stop them?
A: Yes, telling the truth. We are confronted with really ruthless criminals, also big war criminals. Its worse then genocide. They are ready and able to kill millions of people just to stay in power and in control.
Q: Can you explain from your view, why the mass media in the west is more or less completely silent regarding Bilderberg?
A: Because there is an agreement between them and the owners of the media. You don’t talk about it. They buy them. Also some of the top media figures are invited to the meetings but are told not to report anything they see and hear.
Q: In the structure of Bilderberg, is there an inner circle that knows the plans and then there is the majority who just follow orders?
A: Yes. You have the inner circle who are into Satanism and then there are the naive or less informed people. Some people even think they are doing something good, the outer circle.
Q: According to exposed documents and own statements, Bilderberg decided back in 1955 to create the EU and the Euro, so they made important and far reaching decisions.
A: Yes and you know that Bilderberg was founded by Prince Bernard, a former member of the SS and Nazi party and he also worked for IG Farben, who’s subsidiary produced Cyclone B. The other guy was the head of Occidental Petroleum who had close relations to the communists in the Sowjetunion. They worked both sides but really these people are fascists who want to control everything and everybody and who gets in their way is removed.
Q: Is the payment system you explained outside of normal operations, compartmentalized and in secret?
A: In those Swiss banks the normal employees don’t know this is happening. Its like an own secret department in the bank. As I said these operations are outside of the balance sheet, with no supervision. Some are situated in the same building, others are outside. They have their own security and special area where only authorized people can enter.
Q: How do they keep these transactions out of the international Swift system?
A: Well some of the Clearstream listings where true in the beginning. They just included fake names to make people believe the whole list is fake. You see they also make mistakes. The first list was true and you can trace a lot of things. You see, there are people around that discover irregularities and the truth and they tell it. Afterwards of course there are law suits and these people are forced to shut up.
The best way to stop them is to tell the truth, put the spot light on them. If we don’t stop them we will end up as their slaves.
Bohemian
Posts: 9658
Incept: 2010-07-27
California
And that dovetails nicely into one you have on FedUp yesterday.
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Quote:
The answer to the Kennedy assassination is with the Federal Reserve Bank. Don't underestimate that. It's wrong to blame it on (CIA official James) Angleton and the CIA per se only. This is only one finger of the same hand. The people who supply the money are above the CIA.' - wife of accused assassin Lee Harvey Oswald, told to author A.J. Weberman
I am one of those who do not believe the national debt is a national blessing... it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country . Andrew Jackson, Letter to L. H. Coleman of Warrenton, N.C., 29 April 1824
Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they better not speak above their breath when they speak in condemnation of it.
Woodrow Wilson, The New Freedom (1913), Doubleday
"The Rothschilds introduced the rule of money into European politics. The Rothschilds were the servants of money who undertook the reconstruction of the world as an image of money and its functions. Money and the employment of wealth have become the law of European life; we no longer have nations, but economic provinces." (New York Times, Professor Wilheim, a German historian, July 8, 1937).
"If you will look back at every war in Europe during the nineteenth century, you will see that they always ended with the establishment of a 'balance of power.' With every reshuffling there was a balance of power in a new grouping around the House of Rothschild in England, France, or Austria. They grouped nations so that if any king got out of line, a war would break out and the war would be decided by which way the financing went. Researching the debt positions of the warring nations will usually indicate who was to be punished." (Economist Stuart Crane).
From the days of Spartacus-Weishaupt to those of Karl Marx, and down to Trotsky (Russia), Bela Kun (Hungary), Rosa Luxembourg (Germany), and Emma Goldman (United States), this world-wide conspiracy for the overthrow of civilisation and for the reconstitution of society on the basis of arrested development, of envious malevolence, and impossible equality, has been steadily growing. It played, as a modern writer, Mrs. Webster, has so ably shown, a definitely recognisable part in the tragedy of the French Revolution. It has been the mainspring of every subversive movement during the Nineteenth Century; and now at last this band of extraordinary personalities from the underworld of the great cities of Europe and America have gripped the Russian people by the hair of their heads and have become practically the undisputed masters of that enormous empire.
Winston Churchill, "Zionism versus Bolshevism", Illustrated Sunday Herald (London), February 8, 1920, pg. 5
The people must be helped to think naturally about money. They must be told what it is, and what makes it money, and what are the possible tricks of the present system which put nations and peoples under control of the few.
Henry Ford, My Life and Work, Doubleday, Page & Company, 1922
I am afraid that the ordinary citizen will not like to be told that the banks can, and do, create and destroy money. The amount of money in existence varies only with the action of the banks in increasing or decreasing deposits and bank purchases. Every loan, overdraft or bank purchase creates a deposit, and every repayment or bank sale destroys a deposit. .... And they who control the credit of a nation, direct the policy of Governments and hold in the hollow of their hands the destiny of the people.
Reginald McKenna, a former Chancellor of the Exchequer, addressing the shareholders as Chairman of the Midland Bank, at the Annual General Meeting in January 1924.
The present Federal Reserve System is a flagrant case of the Governments conferring a special privilege upon bankers. The Government hands to the banks its credit, at virtually no cost to the banks, to be loaned out by the bankers for their own private profit. Still worse, however, is the fact that it gives the bankers practically complete control of the amount of money that shall be in circulation. Not one dollar of these Federal Reserve notes gets into circulation without being borrowed into circulation and without someone paying interest to some bank to keep it circulating. Our present money system is a debt money system. Before a dollar can circulate, a debt must be created. Such a system assumes that you can borrow yourself out of debt.
Willis A. Overholser, A short review and analysis of the history of money in the United States, with an introduction to the current money problem (1936), p. 56
The Rothschild family (known as The House of Rothschild,[1] or more simply as the Rothschilds) is a European family of German Jewish origin that established European banking and finance houses from the late eighteenth century. Five lines of the Austrian branch of the family were elevated into the Austrian nobility, being given hereditary baronies of the Habsburg Empire by Emperor Francis II in 1816. The British branch of the family was elevated into the British nobility at the request of Queen Victoria.[2][3] It has been argued that during the 19th century, the family possessed by far the largest private fortune in the world, and by far the largest fortune in modern world history.[3][4][5]
Quote:
The family's rise to European prominence began in 1744, with the birth of Mayer Amschel Rothschild in Frankfurt am Main, Germany, the son of Amschel Moses Rothschild (born circa 1710),[6] a money changer, who had traded with the Prince of Hesse. Born in the ghetto (called "Judengasse" or Jewish Alley) of Frankfurt, Mayer developed a finance house and spread his empire by installing each of his five sons in European cities to conduct business. The new kind of international firm the Rothschilds created was impervious to local attack. In 1819, anti-Semitic violence broke out in many parts of Germany. The Hep-Hep riots included an assault on the Rothschild house in Frankfurt, but the Rothschild fortune, being distributed widely, remained intact.[7] Another essential part of Mayer Rothschild's strategy for future success was to keep control of their businesses in family hands, allowing them to maintain full discretion about the size of their wealth and their business achievements. About 1906, the Jewish Encyclopedia noted: "The practice initiated by the Rothschilds of having several brothers of a firm establish branches in the different financial centers was followed by other Jewish financiers, like the Bischoffsheims, Pereires, Seligmans, Lazards, and others, and these financiers by their integrity and financial skill obtained credit not alone with their Jewish confrères, but with the banking fraternity in general. By this means Jewish financiers obtained an increasing share of international finance during the middle and last quarter of the nineteenth century. The head of the whole group was the Rothschild family...". It also states: "Of more recent years, non-Jewish financiers have learned the same cosmopolitan method, and, on the whole, the control is now rather less than more in Jewish hands than formerly."[8] Following a royal and aristocratic technique, which also was copied later by business dynasties such as the Du Pont family,[9] Mayer Rothschild successfully kept the fortune in the family with carefully arranged marriages, including between first or second cousins, although by the later 19th century, almost all Rothschilds had started to marry outside the family, usually into the aristocracy or other financial dynasties.[9] His sons were: Amschel Mayer Rothschild (1773–1855): Frankfurt, died childless, passed to sons of Salomon and Calmann Salomon Mayer Rothschild (1774–1855): Vienna Nathan Mayer Rothschild (1777–1836): London Calmann Mayer Rothschild (1788–1855): Naples Jakob Mayer Rothschild (1792–1868): Paris The Rothschild coat of arms contains a clenched fist with five arrows symbolizing the five sons of Mayer Rothschild, a reference to Psalm 127: "Like arrows in the hands of a warrior". The family motto appears below the shield, in Latin, Concordia, Integritas, Industria, (Harmony, Integrity, Industry).[10] The German family name means "Red Shield". Today, it would be spelled "Rotschild", and is pronounced approximately ROT-shillt in German, not wroth(s)-child as it is in English. The surname "Rothschild" is not uncommon in Germany, and the vast majority of the bearers of the name are unrelated to this family. Moreover, the German surnames "Rothschild" and "Rothchild" are not related to the Protestant surname "Rothchilds" from the United Kingdom. Families by country: Rothschild banking family of Naples Rothschild banking family of England Rothschild banking family of Austria Rothschild banking family of Germany Rothschild banking family of France Rothschild banking family of Switzerland [edit]
More on each bank at Wiki page.
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"The politicians are put there to give you the idea you have freedom of choice. You don't. You have no choice; you have owners. They own you. They own everything." - George Carlin
Bohemian
Posts: 9658
Incept: 2010-07-27
California
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"The politicians are put there to give you the idea you have freedom of choice. You don't. You have no choice; you have owners. They own you. They own everything." - George Carlin
Bohemian
Posts: 9658
Incept: 2010-07-27
California
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"The politicians are put there to give you the idea you have freedom of choice. You don't. You have no choice; you have owners. They own you. They own everything." - George Carlin
Bohemian
Posts: 9658
Incept: 2010-07-27
California
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"The politicians are put there to give you the idea you have freedom of choice. You don't. You have no choice; you have owners. They own you. They own everything." - George Carlin
Bohemian
Posts: 9658
Incept: 2010-07-27
California
The full 46-minute version ... Original (from above)
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"The politicians are put there to give you the idea you have freedom of choice. You don't. You have no choice; you have owners. They own you. They own everything." - George Carlin
Bohemian
Posts: 9658
Incept: 2010-07-27
California
That should give everyone enough meat for a day or so. Rockefeller next.
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"The politicians are put there to give you the idea you have freedom of choice. You don't. You have no choice; you have owners. They own you. They own everything." - George Carlin
At least one estimate of the Rothschild family fortune: $>100 trillion.
Same person's estimate of the Rockefeller family fortune: $>11 trillion.
Bill Gates, richest man in the world? World class joke.
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"...But people better realize that the worst-case scenario could actually happen.9/11 happened. This can happen. An economic 9/11, the likes of which we've never seen." Gerald Celente
Pika-steph
Posts: 54732
Incept: 2007-09-11
Live Free Or Die; US Army Est. 1775
This was posted in General, but I think it should go here:
Quote:
EURO-bonds add fuel to the fire, EU institutions have given up, it seems
President of the Eurogroup, Luxembourg's Prime Minister Jean-Claude Juncker (L) chats with Olli Rehn(R) the European Monetary Affairs Commissioner and European Central Bank (ECB) President Jean-Claude Trichet (C) during the European finance ministers meeting at the European council headquaters in Brussels, Belgium, 16 May 2011. European Union finance ministers approved a fresh bailout for Portugal and continued to discuss the possibility of additional help for Greece. Their meeting in Brussels came amid the unfolding case involving allegations of sexual assault against Dominique Strauss-Kahn, the chief of the International Monetary Fund (IMF) - which finances a third of eurozone bailouts. |EPA/OLIVIER HOSLET
One thing becomes clearer every day: the debts won’t be paid back. nor those of debts Goldman Sachs, Deutsche Bank AG, Nathan Meyer Rothschild, HSBC and others had imposed onto Greece, Portugal, Spain, Ireland and Italy nor those the Eastern European member states accumulated in order to finance their negative trade balance towards Germany.
The only sustainable method to reverse this fatally wrong development of the past two decades is the politically controlled devaluation of the wealth- and debt-bubble by nullification of all old state debts in a concerted action across all of the Euro-zone. It would better to force the entire EU under this procedure.
Instead, the MEPs in the European Parliament's "Crisis Committee" stress that both EMU and the single market needed a stronger co-ordination of national tax policies, which sounds hollow as in recent years only VAT but not corporate taxes got somewhat harmonised. On top of that MEPs call on the Commission "to carry out an investigation into a future system of Eurobonds".
The fact that this is being discussed behind closed doors at ECOFIN meetings for quite some time already is evident since it transpired that an international bankruptcy law for states was considered an option. But, our leaders still haven’t learnt, it seems, as they had the wealth of the rich on their mind when they proposed Eurobonds carrying a special risk which shall bear higher interests that will ultimately lead to yet another spiral of interest hikes.
It speaks for itself but not for her that German Chancellor Angela Merkel had actively pursued the Eurobond-solution as the more risky the bonds of other states are becoming the more investment in German ‘Bundesschatzbriefe” will be attracted which will result in lower interests to be paid by the German government. On a short term Germany would benefit from this solution but the rising interest rates in troublesome countries will accelerate their decline. It will prove illusory to be able to avoid a significant haircut, especially when the German taxpayers will have to rescue German banks by taking over the bad debt obligations from Greece, Ireland, Portugal, Spain and Italy. The history of debt crisis teaches us that haircuts are not an isolated, single act of a desperate government but rather the probably most common method to get rid of the debts of predecessors.
One of the latest haircuts had happened in the aftermath of the neo-liberal era of Menem in Argentina in 2002 when the governments of Eduardo Duhalde and Nestor Kirchner pushed through a 75% cut that let the country’s economy recover.
In history there are many good examples for nullifications of debt. In its early years as a sovereign state France had been in trouble over late payments for eight times. Spain has not been able to cover its foreign debt before 1800 for six times and in the 19th century for 7 times. In the past 300 years there have been 250 foreign debt crisis that resulted in at least partial nullifications and write-offs of debt.
Last but not least, the United States’ decision in 1971 to lift the gold standard in order not to be obliged to pay France in gold as President de Gaulle had demanded it has been nothing less than a cold bankruptcy of the US since this has been the unilateral decision to break an agreement over such a sensitive issue as debt and it usually would result in a war.
Neither the US nor Argentina or any other state needed a “state bankruptcy law” for their haircuts. The EU also wouldn’t require this if in a rather concerted action it decided to declare 75% or 100% of its old debts null and void. But, one should protect small deposits of up to 500,000 € as these are genuine savings accounts of the average citizens.
In Germany this would mean that ‘Bundesschatzbriefe’ that are almost entirely being held by small investors, employees be exempt while the ‘Bundesanleihen’ held by institutional investors such as private banks and insurance companies as well as ultra-rich high net worth individuals ( “UHNWIs” as Merrill Lynch calls them) should be written off.
All old debts of the Euro-zone in 2010 reached €7.7 trillion. Altogether, the EU member states account for €9.6 trillion of debts. If most of these debts were declared null and void most of the private banks in Europe probably would become insolvent. In order to avoid a dreadful chain-reaction and by this the devaluation of the ordinary savings one would have to nationalise, recapitalise and restructure these banks. This would be very easy if one made the wealth accumulated through the irrational speculation of the past decades become liable for the nullified debts.
This would only hit the ultra rich multi millionaires and billionaires. According to the world wealth report of “investment” bank Merrill Lynch in 2009 these privateers owned and controlled a financial bubble of €9.4 trillion – almost exactly the amount owed by all EU member states. These funds had quadrupled in the past 10 years and even in the crisis year 2009 had skyrocketed by double digit figures. That is the wealth bubble that stands on the other side of the balance sheet.
Much is being said about public debt, not only in Greece and Ireland but also countries like Germany but mainstream media always tends to sketch the problem as a result from over-spending and a too generous welfare system that supposedly leftist governments had created.That is wrong. The state quota did not rise during the past 4 decades because of some kind of socialistic Keynesianism. It is a myth that under social democratic or socialist governments the welfare state expanded. It usually is the opposite.
Today’s public debts aren’t primary the result of a classical Keynesian stimulus cycle that had countered an economic downturn.
According to the AMECO database the primary deficit of industrialised nations between 1975 and 1997 has been constantly negative. Only for the time after 1997 an up and down of the state indebtedness can be noticed that would match the classical Keynesian theory of stirring growth by state interventions.
But, a closer scrutiny reveals that the debts were hardly used for public investments or for stimulation of the economy by an increased consumption. Not leftist, “socialist” governments piled up these debts by generously distributing social benefits, but it is conservative or right wing governments that behave like Santa Claus – to the rich. That’s where debts on the one side of the balance sheet and wealth on the other come from.
In order to revive our economy and protect the average citizens we have to let the air out of both, the wealth- and debt-bubble, in a controlled way. Our states would be able to function again and provide for public subsistence, health care, social benefits, education and cultural life again. And, our SMEs would be enabled to refinance themselves again while the financial casino would permanently be closed.
This controlled nullification of debt and the wealth that stands against such would not affect the real economy and the average citizen but only ultra rich who either inherited millions or gambled and speculated.
But, to the contrary, by seeking a solution in Eurobonds along with a relatively small amount of only €100,000 to be guaranteed in banks the EU is bracing itself for an uncontrolled crash in which most citizens and SMEs will lose all their savings while their social existence will be in jeopardy.
Ralph T. Niemeyer is the Editor-in-Chief of EUchronicle (editor@euchronicle.eu)
As the Bilderberg conference heads towards Switzerland there's still time to book your seat on a minibus to St Moritz
As Europe groans, and austerity bites, as defaulting looms, and once proud nations fall to their knees in debt, there's only one annual conference of bankers and industrialists that can step in and save us all…
Bilderberg!
Next week, in Switzerland, Henry Kissinger and his brave band of corporate CEOs, high-wealth individuals and heavyweight thinktankers will lock arms with Queen Beatrix of the Netherlands and David Rockefeller, and stand their ground against the economic contagion.
The last thing a bunch of bank bosses and multinational executives wants is for the nation-states of Europe to collapse, allowing their assets to be bought up on the cheap. Right?
Besides, if anyone can lay claim to fathering the EU, it's Bilderberg. Sixty years ago, Europe was a mere Bilderbaby, conceived in a solemn ceremony on Prince Bernhard of the Netherlands' mattress. It grew into a fine young Bilderboy, but the years have caught up with it, and now it seems its knees are creaking and its heart is weak.
Perhaps the clear mountain air of St Moritz will prove just the tonic. The Bilderberg Group is gathering there between 9-12 June, at the Hotel Suvretta House, described on its website thus: "Like a beautiful fairytale castle, our hotel is embedded in the fantastic alpine landscape of the Upper Engadine." No mention of the magical rooftop snipers or the fairytale ring of armed riot police, but maybe they'll be updating their website in time for the conference. Bilderberg 2011 Josef Ackerman, CEO of Deutsche Bank, practises his backflips.
The hotel promises that the Privatsphäre of the guests will be utterly respektiert, which goes for the conference, as well: the press will be lucky to get a whiff of Kissinger's toast in the morning. It's a shame the attendees are still so phobic of attention, seeing as how this year there's shaping up to be more press interest than ever. People and the media have finally started noticing this quiet little conference at the centre of the storm. The last two countries to play host to the meeting were Greece and Spain, both of whom waved goodbye to Bilderberg and said hello to austerity and unrest. Happy Christmas, Switzerland.
This year, a bunch of less-than-happy Brits are heading out to St Moritz by minibus, to voice their concern at the policies being thrashed out at the conference. They've dubbed their fifteen-seater the Bilderbus, and it leaves Nottingham on Tuesday after work. There are still ten seats to fill: it's £95 return, and camping's cheap when you get there. And I can't stress this enough: it really is a sight to behold. (The conference, not the minibus).
There are two seats free on the bus, since Dominique Strauss-Kahn and Ken Clarke have both been forced to cancel. Which is good news for the chamber maids at the Suvretta House (because Ken is so very untidy – cigar stubs and Ornette Coleman CDs everywhere …) Bilderberg 2011 The Bilderbus awaits you. Fully taxed and insured. Photograph: Charlie Skelton
If you'd like to book a place on the minibus, you can email the organisers at this address: bilderbus@hotmail.com. And if you're interested to see what crops up on the official Bilderberg agenda, then keep an eye on their website. Jockeying for position are the crisis in the eurozone, the Arab Spring, the Fukushima fallout (with Germany backing away from nuclear), and of course, what to do about the internet. That old chestnut.
Maybe this year they'll hold a press conference like, I don't know, grown-ups might. I won't be holding my breath. But I will be sniffing the air of St Moritz. If I find out one thing this year, it's going to be what Kissinger has for breakfast. Live eels snatched from a bucket? Or ducklings? Suddenly I'm imagining ducklings. And a mallet.
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A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain
Check out the original pencil pushers, the Faber-Castells. They've been in business for 250 years in Bavaria. (Also note there's virtually no history during the Nazi era. Never a good sign).
Quote:
Faber-Castell From Wikipedia
Faber-Castell AG Type Joint stock company Industry Stationery Founded 1761 Founder(s) Kasper Faber Headquarters Stein (Middle Franconia), Germany Area served Worldwide Key people Anton Wolfgang Graf von Faber-Castell (CEO) Products Art materials, Writing instruments Revenue € 887 million (2005) Employees 6,500 (2006) Website www.faber-castell.com
Faber-Castell is one of the world's largest manufacturers of pens, pencils, other office supplies (e.g., staplers, slide rules, erasers, rulers)[1] and art supplies,[2] as well as high-end writing instruments and luxury leather goods. It operates 14 factories and 20 sales units (six in Europe, four in Asia, three in North America, five in South America, and one each in Australia and New Zealand). The Faber-Castell Group employs a staff of approximately 7,000 and does business in more than 100 countries.[3]
Although its production began in Germany, only some of its premium pens are still manufactured there. Most of the company's consumer products are made in Brazil. Faber-Castell USA is headquartered in Cleveland, Ohio, and is part of the global network of Faber-Castell companies operating in countries such as Australia, Brazil, and Malaysia...
I had heard about various things before and thought, "Aww, pshaw, can't be." I thought all of you were ****ing kooks. Then I saw this one doc and started fact checking it as I watched it. I think at least 75% of it is verifiable and true. It will ****ing blow your mind if you think all this is just bull**** and just check it out.
Edit: Just to be contrarian, one thing I really cannot find any proof of which I think Alex made up or had shaky info is that the Black Hand was working for British intelligence.
Pika-steph
Posts: 54732
Incept: 2007-09-11
Live Free Or Die; US Army Est. 1775
Is that 2 hours? Like a full-length movie like the Obama Deception? I can say I look at THAT movie a lot differently than I did at the time I first watched it.
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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/ "The only regulation that really works is failure."--Rick Santelli
It's long. I recommend fact checking everything, as one would normally do, then deciding whether it's worthwhile. My own fact checking was well over 50%. It was around 70% confirmed and more has been confirmed since it was made in 2006.
I have the original DVD of Endgame and can send you an exact DVD quality copy of that disc if you want. Alex wants you to redistribute his films. Or you can use Flashgot and download the .FLV file from that Youtube link there (make sure to click the highest resolution possible first and start streaming it before you click Flashgot download) and redistribute that file.
THE FORMER PRESIDENT OF THE WORLD BANK, JAMES WOLFENSOHN, MAKES STUNNING ADMISSIONS AS HE ADDRESSES GRADUATE STUDENTS AT STANFORD UNIVERSITY. HE REVEALS THE INSIDE HAND OF WORLD DOMINATION FROM PAST, TO THE PRESENT AND INTO THE FUTURE. THE SPEECH WAS MAS MADE JANUARY 11TH, 2010. THE NEXT 19 MINUTES MAY OPEN YOUR MIND TO A VERY DELIBERATE WORLD.
HE TELLS THE GRADUATE STUDENTS WHAT'S COMING, A TITANIC SHIFT IN WEALTH FROM THE WEST TO THE EAST. BUT HE DOESN'T TELL THE STUDENTS THAT IT IS HIS INSTITUTION, THE WORLD BANK, THAT IS CHANNELING THESE CHANGES.
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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/ "The only regulation that really works is failure."--Rick Santelli
Just in the first 10 minutes, many of these police-state, control mechanisms didn't exist in 2007 that Alex said would exist, but exist now. In early 2011.
You just have to read their documents. They publish them but the people are too ****ing dumb to quit watching TV to give a ****.