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Last updated Monday, October 13, 2008 09:27 AM
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"The Hidden
Secret of Money" - 700-page PDF eBook FREE
(see the bottom of the page)
Virtually no one likes the bailout proposal being crammed down our throats by President Bush, the Federal Reserve and the Treasury Secretary, who insist on calling it a "rescue plan."
Is it truly necessary to avoid a sudden and catastrophic world economic collapse ... or is it a bailout for millionaires who have already stolen billions from the American shareholders, homeowners and taxpayers?
In truth, it is both. Frighteningly, it also appears to be the dreaded "October Surprise" in this year's election (unless we get the double-blow with an attack on Iran, as other governments such as Denmark have announced within the past few weeks).
The economic crisis gives George Bush the excuse he needs to declare a national emergency and suspend the elections without the input of Congress or the American people, thanks to the so-called "War on Terror" legislation.
For over 250 years we have been warned of this day. Don't take my word for it - see for yourself. We chose not to listen.
A collapse is indeed imminent without immediate emergency action. But harshly, it's also imminent even with the bailout.
Although the American economy has been eroding for nearly a century, dating back to the birth of the Federal Reserve itself, since the Reagan administration it began accelerating at an alarming rate and now, in the current Bush administration, it is getting worse far faster.
The creation of the Federal Reserve was done in secret by the world's top bankers at a meeting on Jekeyll's Island in Georgia in 1913. Their plan was to take over the government function of printing and controlling America's money, as part of a secret scheme to set up "central banks" around the world that would control the purse strings of all the world's nations, then and forever into the future.
These men included:
- Nelson Aldrich, Republican whip in the Senate and chairman of the National Monetary commission, father-in-law of John D. R$ockefeller, Jr., and business associate of robber baron J.P. Morgan,
- Frank Vanderlip, president of the National City Bank of New York (the nation's most powerful bank at the time), representing William Rockefeller and the investment banker Kuhn, Loeb & Co.,
- Henry Davison, senior partner of J.P. Morgan (J.P. Morgan just bought out Washington Mutual - WaMu, as I write this)'
- Abraham Andrew, Assistant Secretary of the Treasury,
- Charles Norton, president of J.P. Morgan's First National Bank of New York,
- Benjamin Strong, head of J.P. Morgan's Bankers Trust COmpany, and
- Paul Warburg, partner in Kuhn, Loeb & Co. and a representative of the Rothschild banking dynasty in England and France, and also brother to Max Warburg, head of the Warburg banking consortium in Germany and the Netherlands.
They would print the money in exchange for a cut of the face value, a percentage. It costs the same to print a $10,000 bill as it does a $1 bill, but 5% of a $10,000 bill or a $100,000 bill is quite a bit of money. That "cut" or commission is what we today call the "interest rate." As they print more money, they not only get a larger total cut, they also raise the interest rates (to "fight inflation" they say) and get a bigger cut per piece.
Think of it as double robbery by robbing the bank (the taxpayer) and also getting an enforceable IOU (higher interest rates) for double what was robbed in the first place.
The next step was to coax these same governments into spending more and more, far beyond the amount of gold they might have to back up that spending. When the gold was used up in Fort Knox, the next step was to drop the "gold standard" and go to the "paper standard." The money has been backed up by nothing more than paper for many, many decades. Of course, that paper gives the world bankers the right to legally confiscate a nation's assets ... its industry, its resources, your home and your bank account.
The American people are partly at fault for not learning what was going on and demanding that it be stopped. Because we got a few crumbs off the table in terms of more social welfare, easier credit and more material things as a result, we didn't want to kill the goose we thought had "laid the golden egg."
We let the robber barons take control of the politicians and let our our national sovereignty become a slave to the global corporate behemoths.
Now, we suddenly find ourselves facing a "nationalization" of our national economy, which is nothing more than a total surrender - open and for all to know.
Even now, we probably won't take the time to discover the truth - and so we'll end up selling our children's birthrights and freedoms for generations to come. If you are one of the rare few who are now convinced that what is happening in Washington is serious, start by reading "The Creature from Jekyll Island" by G. Edward Griffin; it's the classic exposé of how this happened.
Another Wall Street rip-off?Of course it is!
They've gotten away with it so long, that over the years they've become more and more brazen, and take their national robbery to the next higher step. When no one objects or does anything, they escalate it and steal even more ... and on and on until we find ourselves where we are today.
We've become like heroin or crack cocaine addicts let loose in a warehouse stuffed with millions of tons of the deadly drugs. Just as a drug dealer will even give away "free samples" to entice and entrap his potential addict customers, we, too, were enticed and drugged. "Buy now, pay later!" "I want it all, and I want it now" (if you've watched the tone of our TV commercials).
Now the drug dealer is demanding "give me everything or I'll cut you off!" We find ourselves in a state of panic.
Sure, we could kill all the politicians and drug dealers (international bankers - and lawyers, as William Shakespeare once suggested), but we'll still be screaming addicts ... and the warehouse is empty - unless we cave in and surrender. The smirking druglords promise us relief, more crack, if we sell our children into prostitution.
They can do that because it's not "real money" anymore. It never has been in your entire lifetime! It's just paper, backed by your car, your home, your wages and those of your children, grandchildren, great-grandchildren and on and on, generation after generation.
So why is it a crisis?Why not just play the game and keep printing play money?
Because there seems to be no end to it, and the public has finally realized that, even without understanding the how and why.
Wall Street and the bankers have America by the cujones and, as some CNN analysts have noted, can apply immense pressure to get what they want - to the point of actually manipulating an economic collapse to drive home the scare factor.
I can document all the statements that follow in this section, but I don't want your eyes to glaze over with footnotes.
It's a crisis because the Federal Deposit Insurance Corporation (FDIC), which is supposed to guarantee that your bank accounts are safe and insured, is a joke. The FDIC can only cover about 1-1/2 cents on the dollar, and has just demanded another $150 billion because half the banks - and your deposits - are expected to disappear.
President Bush and Treasury Secretary Paulson have already specifically mentioned your bank accounts being at risk.
It's a crisis because the U.S. has spent so much on wars and corruption that other central banks are saying they no longer want to bail out the U.S. Treasury and Federal Reserve.
It's a crisis because we've already thrown half a trillion into the black hole of the investment banks and we've seen no benefit whatsoever.
It's a crisis because the states are seeing their own borrowing costs double in as little as a week.
It's a crisis because the auto industry has demanded, and gotten, a $25 billion bailout, while their TV commercials still push SUV gas hogs.
It's a crisis because Wall Street is extorting us into paying for the continuation of their $100 million bonuses, $30-$50 million annual salaries, etc., etc. At Lehman Brothers, the average annual salary was $512,000 even including secretaries! Lehman Brothers paid out $2.3 billion in bonuses, then went belly up and the bank robbers walked away from it all with their pockets stuffed with cash and a smirk on their faces.
These CEO's looted their own companies and now demand that we, the taxpayers, foot the bill and that they walk away with no accountability and no consequences. Oh, and by the way, they still want those hundreds of millions of dollars in severance packages, golden parachutes and stock options when they do walk away.
It's a crisis because politicians, from the state to the federal level, get such perks as lifetime insurance and health benefits, annual raises, not to mention the under the table bribes and kickbacks - all while the average American family is sinking deeper and deeper into the quicksand as their taxes are being raised to pay for this insanity. The politicians have become the whores of the corporate bankers.
What makes it worse is that this is not coincidence - none of it. It is the culmination of a centuries-old scheme to bring our democracy (or republic, if you prefer) under the iron grip of the super-capitalists, first the bankers, then the food/water conglomerates and the pharmaceutical companies.
The list of these corporate thieves in the pecking order or food chain is a very long list.
"In politics, nothing happens by accident." - President Franklin D. Roosevelt.
We should begin preparing ourselves for the total collapse of the nation, and a Second American Revolution. Actually, if you aren't already prepared to do without food, gas, housing, medical care, even water - it's probably too late.
We are seeing the collapse of the American Empire ... in our lifetime.
How could the average family be destroyed?When the bailout was first proposed, the price of oil shot up $26 a barrel in one day before dropping back to a $16 hike - still the biggest jump in history. Why? Because the bailout was a signal that the dollar - already worth only about 2% of what it should be worth - is about to become totally worthless, just like the German mark at the end of World War II.
The bailout will mean that oil, gas, food, interest rates - virtually everything you buy - will double or triple in price within a matter of weeks. If you thought 4 a gallon gas was awful, wait until it hits $15 a gallon. If the dollar is worthless, it will take shopping carts full to buy a barrel of oil, just as it took a shopping cart full of deutschmarks to buy a single loaf of bread in late Nazi Germany.
As I predicted on the Omega Report TV show from 1991 to 1999, America will be filled with empty, rotting houses from which people have been evicted after foreclosure, and millions of refugees will gather in the countryside, desperate and looking for food and shelter.
Small businesses will collapse and disappear as it becomes further impossible to compete with the Wal-marts. Consumer spending, which has been the economy's backbone, has already become extinct as the dinosaurs. There's nothing to spend on the pleasures when we've seen double-digit increases in gas, water, electricity, mortgage payments, health care, and food - while wages have remained dead in the water.
We will be over-run by our enemies. While we've been focused on Iraq, Afghanistan, al Qaeda, Iran and North Korea, the anti-American hatred is lapping much closer to our shores as nation after nation in South America elects governments who vow to fight the United States and end the corporate rape of their own countries.
Russia and China succeeded in hoodwinking us into thinking they were hostile to each other, when in fact they were raking in hundreds of billions from our trade deficit to finance the world's greatest combined military power. Russia is now moving into Venezuela and other South American nations with nuclear warheads aimed at American targets. China has been taking our billions at the same time they've been smirking behind our backs and importing poisons into America through food, toys, and more.
The Western World has so decimated the rest of the world, and stripped it of its dignity, its resources, and its potential that the chickens are now coming home to roost. America is hated everywhere, and, sadly, with good reason.
How would the bailout work?Originally, it was a 2-1/2 page proposal (in a world of thousand-page legislation) that gave $700 billion to Henry Paulson, Treasury Secretary and former CEO of Goldman Sachs (one of the corporate bank robbers), to do with what he and he alone wanted. No court, no Congress would have any power to question him. He was to be America's new economic dictator. He was under no obligation to explain to anyone what happens to that money ... and by, the way, most economists say the price tag is probably closer to $1.5 trillion or perhaps even double that, not the "mere" $700 billion we're being told (we've already spent that much!).
The money, without details, would go to the banks and corporations to cover their losses in real estate loans, credit card debts, car loans and any other bad loans they might be able to show.
But critics wanted four things:
A carrot was thrown out by halting short-selling for a few days - that's how the fat cats manipulate the market, forcing stock down as a form of extortion to scare the public and get what they want. It took less than 24 hours for them to figure out how to get around the short-selling ban.
The corporate executives have reportedly already found a way around the $400,000 limit on their salaries, a limit that Bush, Bernanke and Paulson (BBP) opposed, by the way. Even the "new" agreement we all thought would be approved would ignore the billion-bonuses and other perks; Bush insisted on it. Bush also said there could be no limits to executive salaries. Even Democratic members of Congress, such as Brad Sherman of California, have pointed to this as a major sticking point that means Bush's "my way or the highway" stance means there will be no bill until he changes that stance.
The corporations insisted that they be paid far more than what their worthless bonds could bring on the market, if there were even any buyers and there aren't. BBP went along with that, soaking the taxpayers up to double, and calling it a "compromise."
As for oversight, it's putting the foxes in charge of the chickens. The same people, like John McCain, who said the market would police itself and did not need any regulation, would be the ones "enforcing" the oversight ... in other words, winking and looking the other way, while the vultures descended on the new $700 billion to $3 trillion feeding trough.
And now - foreclosures. The foreclosure "relief" would offer "tax credits" for "first-time buyers" - who can't get the credit anyway unless they're already filthy rich and never been late on a light bill, phone bill or credit card payment.
So many people were suckered into inflated mortgages because the bankers threatened or bribed home appraisers to lie about a home's value, to over-appraise it so the bankers could get more in interest. After all, when you first buy a home, the vase majority of your payment is going to interest alone. Moody's and Standard and Poor's are also accused of over-inflating corporate values, leading to people paying more for stock than it was actually worth.
A $300,000 mortgage typically costs the home buyer $1,000,000 when the interest is added on. Do the math with a simple mortgage calculator. The bankers have always made sure they got theirs first.
We are facing a tidal wave of foreclosure involving people who are currently making their mortgage payments - payments will shoot up 25-50% in the next few months. This is in addition to the already-growing tidal wave of family foreclosures and bankruptcies.
The new tidal wave is not of "deadbeats" who never should have been given a mortgage in the first place - "whiners" as McCain's economic advisor Phil Gramm calls them - but people who have been robbed at the grocery store, gas pumps, hospitals and at work to the point where they can no longer stick to the budget they've followed over the years, and whose savings and retirement accounts have been stripped bare by the robber barons.
The result will be a massive vulture attack of predators who descend on foreclosed homes to buy them for pennies on the dollar - while you and your wife and kids stand on the street wondering how to get out of the cold.
This has been the short version of a complex and century-long story.
Do you finally get it? Are you finally beginning to pay attention? Do you care now? If so, what do you want to do about it?
Here is a link to a free download of "The Hidden Secrets of Money" by Alexander James. This 700 page PDF file is a big download (30.6 Mb).
Description:
History of how the current enslaving monetary system, in which Banklords get a credit monopoly (which gives them the power to create unlimited money from nothing at no liability to themselves because it is redeemable for goods or services produced by anyone forced to accept the private Federal Reserve dollar currency notes and cheques) and use our tax system to collect the fraudulent interest was brought about by the forces of banking family dynasties working to establish a tyrannical New World Order through a series of wars, depressions, deficits, propaganda and crimes in which good politicians are murdered or removed by the New World Order (NWO) mafias (CIA, Mossad, MI5/6, Vatican, Jesuits, CFR, Bilderbergers, Trilateral C., Knights, etc). How ancient pagan cults are elitist-made inventions designed to allow their priesthood (Pharisees) to con value out of the public and how they are leading everyone back towards feudal fascist enslavement.
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