Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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Saturday, October 31, 2009
Goldman's Amazing Magic - a must watch!
MSNBC's two week old video on the Goldman Sachs magic trick that was used to record a $3 Billion profit - in a mere 3 months - while the US economy crumbled around them.
Reading the history of US banking, going back to the beginning of the 20th century, exactly the same thing happened. Nobody dared touch the big banks then, not even the government. Because they have the power to crash the national economy. Back in the '20's, it was revealed that the single most important reason the private big banks wanted to create the Federal Reserve as a private-controlled central bank was to feed unlimited amount of money to the major banks once they have crashed the economy.
The banksters have always known that, sooner or later, they will crash the economy. Either by their own practices or in struggle with the government. They want to be sure of survival after that happened. The way to do it is to create the Fed, which is under their control, to feed them money after the crash. Then they will use this money to buy up the crashed assets on the cheap. They will keep doing that to rebound the economy, thus taking full credit for 'saving' the economy while making unimagined profits from the crashed assets.
This has been done before, and they are doing it now. The playbook was written a century ago. It tell you who actually runs the country. Goldman Sacks can do this while the president and Congress dare not utter a word.
"Give me control of a nation's money and I care not who makes it's laws."-- Mayer Amschel Bauer Rothschild, Godfather of Central Banking
"Whoever controls the volume of money in any country is absolute master of all industry and commerce." -- James A. Garfield, President of the United States
"I have never seen more Senators express discontent with their jobs....I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgivable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected." -- John Danforth (R-Mo)
"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." -- Thomas Jefferson, U.S. President.
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance." -- James Madison
"A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world-- no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men." -- President Woodrow Wilson
"Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States." -- Sen. Barry Goldwater (Rep. AR)
"The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money" -- Charles A. Lindbergh Sr.
"The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers." -- Congressman Louis T. McFadden (Rep. Pa)
"The Government's business is in sound condition." - Andrew W. Mellon, Secretary of the Treasury, December 5, 1929
"President Hoover predicted today that the worst effect of the crash upon unemployment will have been passed during the next sixty days." - Washington Dispatch, March 8, 1930
"The spring of 1930 marks the end of a period of grave concern... American business is steadily coming back to a normal level of prosperity." - Julius Barnes, head of Hoover's National Business Survey Conference, Mar 16, 1930
"While the crash only took place six months ago, I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover. There is one certainty of the future of a people of the resources, intelligence and character of the people of the United States - that is, prosperity." - President Hoover, May 1, 1930
"The worst is over without a doubt." - James J. Davis, Secretary of Labor, June 29, 1930
Gentleman, you have come sixty days too late. The depression is over." - Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930
"We have hit bottom and are on the upswing." - James J. Davis, Secretary of Labor, September 12, 1930
"President Hoover has summoned Colonel Arthur Woods to help place 2,500,000 persons back to work this winter." - Washington dispatch, October 21, 1930
3 comments:
Reading the history of US banking, going back to the beginning of the 20th century, exactly the same thing happened. Nobody dared touch the big banks then, not even the government. Because they have the power to crash the national economy. Back in the '20's, it was revealed that the single most important reason the private big banks wanted to create the Federal Reserve as a private-controlled central bank was to feed unlimited amount of money to the major banks once they have crashed the economy.
The banksters have always known that, sooner or later, they will crash the economy. Either by their own practices or in struggle with the government. They want to be sure of survival after that happened. The way to do it is to create the Fed, which is under their control, to feed them money after the crash. Then they will use this money to buy up the crashed assets on the cheap. They will keep doing that to rebound the economy, thus taking full credit for 'saving' the economy while making unimagined profits from the crashed assets.
This has been done before, and they are doing it now. The playbook was written a century ago. It tell you who actually runs the country. Goldman Sacks can do this while the president and Congress dare not utter a word.
Famous Quotes
"Give me control of a nation's money and I care not who makes it's laws."-- Mayer Amschel Bauer Rothschild, Godfather of Central Banking
"Whoever controls the volume of money in any country is absolute master of all industry and commerce." -- James A. Garfield, President of the United States
"I have never seen more Senators express discontent with their jobs....I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgivable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected." -- John Danforth (R-Mo)
"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." -- Thomas Jefferson, U.S. President.
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance." -- James Madison
"A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world-- no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men." -- President Woodrow Wilson
"Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States." -- Sen. Barry Goldwater (Rep. AR)
"The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money" -- Charles A. Lindbergh Sr.
"The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers." -- Congressman Louis T. McFadden (Rep. Pa)
Is this 1930 all over again?
"The Government's business is in sound condition." - Andrew W. Mellon, Secretary of the Treasury, December 5, 1929
"President Hoover predicted today that the worst effect of the crash upon unemployment will have been passed during the next sixty days." - Washington Dispatch, March 8, 1930
"The spring of 1930 marks the end of a period of grave concern... American business is steadily coming back to a normal level of prosperity." - Julius Barnes, head of Hoover's National Business Survey Conference, Mar 16, 1930
"While the crash only took place six months ago, I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover. There is one certainty of the future of a people of the resources, intelligence and character of the people of the United States - that is, prosperity." - President Hoover, May 1, 1930
"The worst is over without a doubt." - James J. Davis, Secretary of Labor, June 29, 1930
Gentleman, you have come sixty days too late. The depression is over." - Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930
"We have hit bottom and are on the upswing." - James J. Davis, Secretary of Labor, September 12, 1930
"President Hoover has summoned Colonel Arthur Woods to help place 2,500,000 persons back to work this winter." - Washington dispatch, October 21, 1930
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