Shutting down government irresponsibly doesn’t work. Nor does money printing madness for the wrong reasons.
Former Reagan administration Office of Management and Budget Director David Stockman calls QE “high grade monetary heroin.” One day, it’ll “kill the patient,” he says.
Out-of-control debt isn’t resolved by more of it. Adding more leaves less for goods and services. Economies suffer. They’re looted for profit. Bankers want state enterprises sold at fire sale prices.
Doing so creates lucrative financing on credit opportunities. The top 1% benefits. Most others are force-fed austerity.
Economies are wrecked for profit. The road to dystopian hell isn’t paved with good intentions.
In late 2012, Bank of England official Andrew Haldane said:
“In terms of the loss of incomes and outputs, this is as bad as a world war.”
“The rise in government debt has prompted calls for austerity – on the part of those who did not receive the giveaway.”
“It would be astonishing if people weren’t asking big questions about where finance has gone wrong.”
Finance is a new form of warfare. It’s more destructive than standing armies. Banking giants run things. Money power has final say.
EconomicCollapse September 30 2013
Karen Hudes is a graduate of Yale Law School and she worked in the legal department of the World Bank for more than 20 years. In fact, when she was fired for blowing the whistle on corruption inside the World Bank, she held the position of Senior Counsel. She was in a unique position to see exactly how the global elite rule the world, and the information that she is now revealing to the public is absolutely stunning. According to Hudes, the elite use a very tight core of financial institutions and mega-corporations to dominate the planet. The goal is control. They want all of us enslaved to debt, they want all of our governments enslaved to debt, and they want all of our politicians addicted to the huge financial contributions that they funnel into their campaigns. Since the elite also own all of the big media companies, the mainstream media never lets us in on the secret that there is something fundamentally wrong with the way that our system works.
Remember, this is not some “conspiracy theorist” that is saying these things. This is a Yale-educated attorney that worked inside the World Bank for more than two decades. The following summary of her credentials comes directly from her website…
Karen Hudes studied law at Yale Law School and economics at the University of Amsterdam. She worked in the US Export Import Bank of the US from 1980-1985 and in the Legal Department of the World Bank from 1986-2007. She established the Non Governmental Organization Committee of the International Law Section of the American Bar Association and the Committee on Multilateralism and the Accountability of International Organizations of the American Branch of the International Law Association.
Today, Hudes is trying very hard to expose the corrupt financial system that the global elite are using to control the wealth of the world. During an interview with the New American, she discussed how we are willingly allowing this group of elitists to totally dominate the resources of the planet…
It’s been said that goldfish have the shortest memory of any animal– only about three seconds.
But a few years ago, scientists from Israel’s Technion Institute of Technology conducted an experiment which put to rest this erroneous myth.
Based on their research, it turns out that goldfish have a memory closer to five months… which seems to be quite a bit longer than most fund managers, bankers, and politicians.
I say this because it wasn’t even four months ago that banks in this country forcibly locked people out of their bank accounts.
This single event, perhaps more than anything else, highlighted the rot within Europe: a bankrupt government was being compelled by supranational powers to bail out an insolvent banking system at depositor expense.
Of course, this move was quickly followed by capital controls, which are still in place today. Yet based on this summer’s financial euphoria, it’s as if none of this ever happened.
It’s the same thing in Greece, where I just spent a few days checking out distressed asset deals (i.e. the entire country).
Joseph comments about two articles in the Daily Bell and some dot-connecting:
“Life is full and overflowing with the new. But it is necessary to empty out
the old to make room for the new to enter.” ~ Eileen Caddy
Have you ever wondered why some people attract money quite easily, while others work 12 hour shifts every day and barely make ends meet? The big difference between these two groups of people is the financial frequency they are sending out. This frequency is a real live measurable field of energy, which is created by the thoughts, feelings and consciousness you have whenever you think about, speak about, or interact with money. People with a high frequency can attract money easily, while people with a low frequency have to struggle for money to flow their way…it’s that simple.
To increase the amount of money you can receive, it’s important to first understand what money actually is. Simply put, money is energy, and they call it “currency” because it was derived from the root word “current”. This current is a flow of electrons that produces a natural electrical magnetic field. The stronger the electrical current, the more intense the magnetic field becomes. The income you make each month is a by product from the electrical current you’re radiating out. The higher the income you receive, the stronger your magnetic field is and the easier it becomes for you to attract more of it. This is why rich people seem to effortlessly grow richer. They feel a higher financial frequency inside themselves, as they see what is physically in their bank account.
The good news is that you don’t need to acquire a massive pile of cash to increase your Financial Frequency. All you need is to learn how to think, feel, and interact with others in a consistently abundant way. Feel the magnetic field of energy around you now, this is what will start attracting real abundance to you. As the great law of attraction states, like attracts like. When you are living from a state of abundance consciousness for many consecutive weeks on end, the physical manifestation of more money will start materializing around you, through you, and eventually get magnetized into your bank account!
“Your prosperity consciousness is not dependent on money; your flow of money is dependent on your prosperity consciousness. As you can conceive of more, more will come into your life.” ~ Louise Hay
BATR June 19 2013
What makes Goldman Sachs alumni at the center of international finance? Is it pure talent and business acumen, or is there more to the equation, then grooming the best and the brightest? The answer lies in the indisputable perquisite that places Goldman Sachs Above the Law. How did this banking concern become the most powerful political influence in government policies? Well, central banking certainly is at the core of their economic clout. The ‘TC’ essay Federal Reserve is a Cache of Stolen Assets goes into methods that results in the financial slavery. But what makes Goldman Sachs central to their dominance of nations and so many governments?
A pursuit for answers and an explanation needs to investigate internal workings and crucial critiques that demonstrate patterns of global dominance. Former GS operative Greg Smith wrote in the New York Times, Why I Am Leaving Goldman Sachs:
“It might sound surprising to a skeptical public, but culture was always a vital part of Goldman Sachs’s success. It revolved around teamwork, integrity, a spirit of humility, and always doing right by our clients. The culture was the secret sauce that made this place great and allowed us to earn our clients’ trust for 143 years. It wasn’t just about making money; this alone will not sustain a firm for so long. It had something to do with pride and belief in the organization. I am sad to say that I look around today and see virtually no trace of the culture that made me love working for this firm for many years. I no longer have the pride, or the belief.”
Goldman Sachs reached the pinnacle of investment banking because it served the fiscal needs of its clients. When businesses profited from the relationship, all was well for the masters of the universe. The focus upon providing value to substantial businesses, that actually provided constructive products and services, was a formula that has merit and meaningful purpose. Now, essential ethic standards, has become subordinated to the practice of exerting primary political control. Designing exotic deceptive products intent upon usurious returns, betrays the very foundations of raising capital to finance legitimate business development.
If I told you that your bank only held 1% of its customer deposits in reserve, would you feel that your money was safe?
If I told you that the insurance fund which backed your bank deposit only had enough cash to bail out 0.35% of the banking system, would that make you feel any better?
Probably not. But this scam is the reality in the US banking system… and across the West.
As an example, US Bancorp has $248 billion in total customer deposits according to their most recent reporting, yet a mere $6.9 billion in cash… roughly 2.8%.
PNC Bank holds just 1.8% of its customers’ $248 billion deposits in cash. And BB&T holds barely 1.0% of its customers’ $131 billion deposits in cash.
These figures are indicative of the entire western financial system. Banks hold a very small percentage of customer deposits in cash. The rest is sitting in loans, bonds, and other securities of indeterminable value– mortgages that are still under water, shaky commercial real estate deals, etc.
Truth is, nobody really knows what’s on their books. Loan portfolios are like a black box, and the liquidity structure doesn’t leave a lot of room for error.
Think about it. If the slightest thing goes wrong– a spike in customer withdrawals, a decline in bond prices or commercial real estate, etc.– banks simply don’t have any rainy day funds set aside to handle it.
And who can blame them…? The FDIC, one of the US banking system’s chief regulators, has a mere $33.0 billion reserve fund to insure $9.3 TRILLION worth of deposits in US banks… a ratio of just 0.35%. And the FDIC is backed by the insolvent US government!
Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior.
You Won’t Believe What They’ve Done …
Here are just some of the improprieties by big banks:
- Engaging in mafia-style big-rigging fraud against local governments. See this, this and this
- Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here,here, here, here, here, here, here, here, here, here and here
- Pledging the same mortgage multiple times to different buyers. See this, this, this, this andthis. This would be like selling your car, and collecting money from 10 different buyers for the same car
- Committing massive fraud in an $800 trillion dollar market which effects everything from mortgages, student loans, small business loans and city financing
- Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves. See this, this, this, this and this
- Engaging in unlawful “Wash Trades” to manipulate asset prices. See this, this and this
- Participating in various Ponzi schemes. See this, this and this
- Bribing and bullying ratings agencies to inflate ratings on their risky investments
Djwhal Khul here. Tashi Delek.
Alright. I’ve noted that March could be quite a tough month financially and now what I’m seeing is a convergence of shifts… shifts in the political realm, the financial realm and the religious realm.
This particular sort of convergence, if you will, of shifts, is going to be rather interesting. This is a time frame where individuals rise to power. So it is time to put your order in, so to speak. For example, you may want politicians who serve the people. You may want religions to be peaceful with other religions. You may choose balanced finances or fair finances, something of that nature.
So essentially what we have here are religious leaders, politicians and financiers, all of these people sort of trying to do things and it’s just gelling and going nowhere or it’s going in circles. There appears to be movement but it’s not productive movement, or not going in a new direction.