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User Info History of the ESF (Exchange Stabilization Fund) in forum [Presentations]
Pika-steph
Posts: 54925
Incept: 2007-09-11
Gold A True American Patriot!
Live Free Or Die; US Army Est. 1775
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I just got done watching 4 of these and I'm on the 5th...I don't know WTF to make of it.

The series was done by http://www.MarketSkeptics.com/ It starts out a bit slow, but the background is important.

Part 4 where he starts talking about derivatives being used by the US in foreign exchange will blow your mind. The parts about propaganda, especially how the relate to journalists and about deflation is fascinating.

There's also a good part about how Keynesian economics became THE economic theory despite it's obvious failure.

There's a nod to Inside Job and a view on the Federal Reserve that I've never heard. The video also proposes something ENTIRELY unheard of with regards to John F. Kennedy.

I have no idea how much of this is accurate, but the author uses a constant flow of documentation to back up what he says, many with the complete URL included, dates, names, and places as well. Almost all of his evidence is in the public domain, much of that coming from our own government.

Part 1: The ESF and the CIA
http://www.youtube.com/watch?v=2ssrcD5Gd....


Part 2: The ESF Begins Financing Covert Operations
http://www.youtube.com/watch?v=ImuVUab6W....


Part 3: The ESF and the CIA Go Wild Fighting the Cold War
http://www.youtube.com/watch?v=8Qsll_5-F....


Part 4: Most Scandals Start Small & the Perpetrators Dig Themselves In Deeper
http://www.youtube.com/watch?v=iK-741ISz....


Part 5: Why Deficits Stopped Mattering
http://www.youtube.com/watch?v=lQf-u2nCV....


I'd be interested in others' views on this. I don't know WHAT to make of it. There are pieces that don't sit right with me, but if what he suggests is true, the reason they don't is because of the propaganda we've all been fed. The series certainly challenges your beliefs.

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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/
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"The only regulation that really works is failure."--Rick Santelli

Pika-steph
Posts: 54925
Incept: 2007-09-11
Gold A True American Patriot!
Live Free Or Die; US Army Est. 1775
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And now I found this one by the same guy:
Government (not Wall Street) Financial Innovation Caused 2008 Financial Crisis

Part 1: It Started With RTC, Then They Forced The Ratings Agencies To Change
http://www.youtube.com/watch?v=cNXyBIPAJ....


Part 2: More Information from the FDIC's Own Book
http://www.youtube.com/watch?v=i4PE1gZn7....


Accusing the government of a lack of oversight in the financial crisis is like accusing OJ Simpson of a lack of oversight in the death of his wife.

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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/
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"The only regulation that really works is failure."--Rick Santelli

Abn0rmal
Posts: 9261
Incept: 2009-01-10
Green A True American Patriot!
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It certainly paints this article in a stronger light:

http://libertynewsradio.com/wire/article....

Tom Baugh wrote..
Because what does New York produce, other than chaos, despair, rhetoric and confusion? Once upon a time we believed the lie that Manhattan supplied financial horsepower to drive industry and production, but now we know it is just a con-artist that preys upon the weak and the helpless.
Poid
Posts: 610
Incept: 2010-03-08

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The second series on mortgage securities fills in the jigsaw puzzle very nicely.

The first series, i have some reservations about but also it backs up a lot of what i have seen over the past 15 or so years. The CIA connections to media were clear to me during the Balkan wars, as certain reporters were always used to report on false flags and generally paint one side as evil and the others (who now train terrorists) as the good guys. It was never clear to me why the media was so evil until that connection was made.

It also shows the ESF/IMF money trail for the funding of groups in Yugoslavia to facilitate the break up, so it fills that piece of the puzzle for me as well.

I dont know anything about HIV/AIDS and some of his other claims. But its certainly an interesting perspective on the Fed and govts role (as an aside, does that mean Ron Paul's end the Fed crusade is simply a distraction to put blame on the Fed and away from the govt/treasury?)
Abn0rmal
Posts: 9261
Incept: 2009-01-10
Green A True American Patriot!
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What ever happened to this story?

http://market-ticker.org/akcs-www?single....
Poid
Posts: 610
Incept: 2010-03-08

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i have no idea, like it just disappeared completely...
Jubber
Posts: 14658
Incept: 2007-07-05
Gold
UK
Online
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Ollie Rehm just being interviewed on CNBC Europe now....what a ****ing Z this guy is, certainly does NOT inspire confidence!!!

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Pika-steph
Posts: 54925
Incept: 2007-09-11
Gold A True American Patriot!
Live Free Or Die; US Army Est. 1775
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Poid wrote..
But its certainly an interesting perspective on the Fed and govts role (as an aside, does that mean Ron Paul's end the Fed crusade is simply a distraction to put blame on the Fed and away from the govt/treasury?)
Yeah, that's what I'm wondering. Are we looking at the wrong puppet-master. That's what I meant when I said that this series really challenges your beliefs.

The guy certainly went to a lot of time, effort and meticulous research to put this together and if his grandfather really is that guy who was at Jekyl Island, he certainly has motivation to try to clear his grandfather's name. Of course, he'd also have motiviation to try to clear it using less than honest argument. However, it surely appears that his grandfather testified adamantly against the ESF. As did other bankers.

That being said, is this another case of correllation does not equal causation or are we looking at a serious revelation here?

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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/
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"The only regulation that really works is failure."--Rick Santelli
Jstanley01
Posts: 8282
Incept: 2008-07-30
Gold A True American Patriot!
San Antonio, Texas
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Typical quote mining of the kind popular among conspiracy buffs, if you ask me.

With the demise of gold as the world's reserve currency and the rise of the dollar in that role over the last century, OF COURSE the Treasury has been given a mechanism to intervene in currency markets. All governments have them. Via their own mechanisms, that's how the Swiss and the Japanese have themselves been intervening recently. Ineffectively too. It is well known that the size of the currency markets dwarfs the ability of any government to manipulate them for long.

The ESF should not be used as a slush fund, obviously. But even if it has been as he alleges, there is no way that it has been on any kind of scale that would have any effect on macroeconomics at all.

I tend to quit watching this kind of stuff as soon as I run into stupid. In this case, it was in the 4th video. During which the narrator accuses the ESF of intervening to protect the dollar, at the some time it is propagandizing about the dangers of deflation.

If the ESF was concerned about propping up the dollar, it would have been propagandizing about the dangers of INFLATION. Duh.

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You can't cheat an honest man. ~P.T. Barnum

Poid
Posts: 610
Incept: 2010-03-08

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Steph, agree that his motivation seems to be clearing his grandfather's name. It'll be interesting to see if there is any substance to this, its thought provoking but need to do a lot more digging before i am comfortable with it. His piece on mortgage securities was great though.

One thing that i noticed is that he doesnt make mention of the gold standard being abandoned in 1971, you'd think that is kind of a big event that should have been in his timeline.

Jstanley: his allegations are that a slush fund has been covertly funding a lot of the US operations around the world (the ones alleged by people like John Perkins), and in funding revolutionaries and the like. So its not that the absolute amounts would affect macro fundamentals, but that the ESF was funding empire building and in particular was the conduit for the CIA's drug money.

Regarding deflation, i thought his point there was pretty clear: they were changing the emphasis from govt spending and deficits destroying confidence in the dollar to deflation being the worst thing ever (which i guess it is, for a govt) so deficits are now a good thing. That way, deficit spending wouldnt be questioned and the chances of a loss of confidence in the dollar was reduced.

'Defending the dollar' really just means protecting confidence in the dollar and maintaining reserve status, it doesnt mean appreciating it. Given that all currencies are fiat, you just have to make sure that confidence in your currency is greater than that of other currencies.

Inflation is desirable because its a stealth tax, but you need to keep it reasonable so confidence in your currency is maintained. That's the origin of inflation targeting by central banks, the target rate is simply the rate of long term inflation that does not drag too much on the economy and confidence in currency, but allows a reasonable rate of stealth taxation to benefit the govt.

So yeah i disagree that they would have been highlighting the dangers of inflation, that wouldnt suit the agenda.
Bozonian
Posts: 19967
Incept: 2007-09-01
Green
Saratoga Springs, New York
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Challenge my beliefs?

Not even close.

He neglects to even mention extra-terrestrial involvement and breakaway civilizations.

This report is good but just scratches the surface.

Shut up, you'll find out soon enough.

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The most expensive thing you can have is a closed mind. -- Geoffrey Filburt

Everything I write is my opinion and not to be considered proven fact. Nothing I write should be considered financial advice.

Ursus-horribilis
Posts: 828
Incept: 2008-03-16
Green
Carmel, CA
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Holy ****...this series of videos has COMPLETELY blown me away. It puts EVERYTHING together and just makes it all fit. My focking gawd, I'm just stunned.

There was a moment where I realized my jaw was literally dropping open with the shock of finally, at last, hearing the TRUTH. Truly, totally and literally slack-jawed with shock.

Still listening and assimilating right now...

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"There is a lot of support at zero." - Art Cashin
-contrarian-
Posts: 673
Incept: 2008-12-06
Green
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I've only watched the first two, and as someone else mentioned the quote mining is pretty extensive. However, the incestuous relationship that Harry Dexter White had with so many different agencies is certainly interesting.

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"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."
Friedrich Hayek
Ursus-horribilis
Posts: 828
Incept: 2008-03-16
Green
Carmel, CA
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JFK explained...wow. Everything, explained.

**** us all, dead.

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"There is a lot of support at zero." - Art Cashin
Tesla
Posts: 15561
Incept: 2008-04-03
Green A True American Patriot!
State of Disbelief
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Very thought-provoking. I'm not, however, willing to let the Fed off the hook in any way, since (assuming this is all true) they are the way the ESF hides from scrutiny.

A lot to ponder there, and frankly, I don't disbelieve most of it. Especially the incompetence in losing money part smiley

Rumors of CIA involvement in drugs have been rife since the 60s so that rings very true for me, as well as motivations behind the "War on Drugs"...win-win for the government in so many ways in their war against the American citizen.

And a lesson for all of you who continually and constantly run down the average American - propaganda has been non-stop for almost a century, and schools have been dumbed down to 1-stop the ability of most to think critically and 2-to make pliant propaganda-ready citizens. You should feel sorry for those who don't have the independence or brainpower to see behind any level of the curtain. They are not to blame - the manipulators have had billions and billions over the years to set up the alternate reality. In retrospect, The Matrix gains even more relevance as a metaphor for the propaganda discussed in these videos.

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"Even a dog knows the difference between being stumbled over and being kicked." -Justice Oliver Wendell Holmes

"Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." -Samuel Adams
Pika-steph
Posts: 54925
Incept: 2007-09-11
Gold A True American Patriot!
Live Free Or Die; US Army Est. 1775
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Tesla +1. That's pretty much how I've digested the whole thing.

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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/
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"The only regulation that really works is failure."--Rick Santelli
Britishsteel
Posts: 3629
Incept: 2007-12-07
Gold
New york
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CIA is behind everything ! Be afraid, very afraid. They ain't working for us thats for sure.

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One Ring to rule them all,One Ring to find them,
One Ring to bring them all,and in the darkness bind them.
smiley
Poer
Posts: 1398
Incept: 2008-09-28
Silver
'Eppur si muove!'
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Everytime I think I'm getting a look behind the curtain at truth there are all these other curtains like being in a house of mirrors at an amusement park- I've read Jekyl Island and other books on the Fed and House of Rothchild- and thought I understood who truly controlled things. I always have felt Lincoln and Kennedy were offed because their deciding to issue Money not debt based and That Reagon was shot for similarily threatening to balance the budget.

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"The degree to which a man substitutes the judgment of others for his own, failing to look at reality directly, is the degree to which his mental processes are alienated from reality." Nathaniel Branden in Ayn Rands 'Capitalism The Unknown Ideal'

Reason: Letter
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