The Federal Reserve has been at the top of the news for a long time and it’s getting a lot of attention now as it appears the next down cycle in the depression may be upon us. So what’s the real reason the world listens so intently to an Ivy League bureaucrat like Bernanke? Of course, it has nothing to do with him. It’s who he is accountable to–the international banking cartel:
US
Bank of America Securities LLC
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Goldman, Sachs & Co.
Jefferies & Company, Inc.
J. P. Morgan Securities Inc.
Morgan Stanley & Co. Inc.
Britain
Barclays Capital Inc.
HSBC Securities (USA) Inc.
Switzerland
Credit Suisse Securities (USA) LLC
UBS Securities LLC.
Japan
Daiwa Capital Markets America Inc.
Mizuho Securities USA Inc.
Nomura Securities International, Inc.
Germany
Deutsche Bank Securities Inc.
France
BNP Paribas Securities Corp.
Canada
RBC Capital Markets Corp.
Scotland
RBS Securities Inc.
These institutions are the current primary dealers of the Federal Reserve System. They have power over the entire economy, everything in “the market,” very much a non-free market. They sit at the top of the world’s monetary system, currently the Fed’s debt-dollar pyramid, with a governmental license to what has been the most secure capital in the world–US Treasury debt–for a monopoly price that nobody else can get. And when it comes to global finance, the difference between the strongest banks vs. dying banks is just a few basis points in price (cost of capital).
These banks get first dibs on buying the servitude of the US population through the Fed/Treasury auction process. They distribute some of it to subordinate capital for a guaranteed premium, and they park a large amount of it on their own balance sheets as assets upon which they can speculate, trade, and fractionalize to create the rest of the money in the economy and put other countries, companies, and people in even more debt. So these institutions hold a monopoly position that even leviathan Standard Oil never dreamed of: a government-enforced usury license that generates trillions for their premium capital holders and senior employees and allows them to act as imperial armies sucking in more territory around the world as neoliberalism breaks down sovereignty.
This is why the country list above doesn’t mean what some may think. The institutions aren’t national. The list only indicates that the banking establishment has a permanent parasitic stake in those countries to churn their populations under the Fed’s debt system. All of the listed institutions are global in nature. Together with hedge funds and their other buy-side buddies, they have power over nations. Like any corporate institution, banks drive earnings per share (EPS) by expanding and leveraging their balance sheets, which for banks means putting everything else in more debt. So these cartel banks work to expand their territorial control beyond their national borders to put other populations in debt. This is a mathematical requirement of exponential growth enforced by the private capital system. The eventual end state of this dynamic is one integrated, global banking empire. It’s only a matter of time before their collective balance sheets (plus the large Chinese banks now that the cartel is colluding with them) control the rest of the world if people don’t awaken and choose to put a stop to it.
Will they succeed? The Fed system is in transition. The crash of 2008 was the first phase of global capital holders shifting their private capital out of the system so the Fed was forced to add public capital, i.e. your debt, into the system. More of this is likely coming. But does this mean the international banks behind the Fed are dying? No. They’ve simply transferred their bad assets to the public through the Fed and prepared to ramp up operations in Asia, which will be a primary churn center for the 21st century global banking system. Capital assets have been transferred, production assets have been transferred, and the capital holders can transfer much more capital in a short period of time if they so choose.
All the specifics of this coming transition may not be clear, but it is coming unless the global population says no. The banks have set up the ultimate voluntary test. If we continue to say yes by playing along with the banks and the multinational corporations they control, then they will have proven that a global empire ruled by an integrated banking system is preferred and possibly superior to independent countries. But they appear to be failing their own test. Ivy League neoliberalism has been exposed for what it is. The people are now indeed saying no.
The people may indeed now be saying no, but those to whom we’ve entrusted the public purse are saying yes Yes YES! The U.S. National Debt is on track to exceed GDP between now and sometime in 2012; that trend will worsen and could even accelerate as our “productivity infrastructure” continues to falter. At least drunken sailors spend their own money.
Hey, I was wondering what evidence you have for the above assertions? I also wonder why you have both a Britain and Scotland in separate group – they are both part of the British economy, or to be more precise the economy of the United Kingdom (of Great Britain and Northern Ireland).
Whilst I do agree that it is no doubt it is in their interest to exchange private debt for public debt, and to hide the insane level of debt accrued through greedy and selfish deals – I do doubt about the exact level of conspiracy.
I do agree that banks should be forced open their books completely, and this should remain for the future. I also believe their should be a global ban on the trade of debt, as profiteering in debt is a disgrace, it also a false economy as it always leads to greater debt and not what should be happen – debts being paid off.
So you think this system that provides more power and wealth to a select group of people than any mechanism in history by buying the servitude of the population just accidentally set itself up, and that they wouldn’t work to keep it?
Evidence? Just google “fed primary dealers” and then think through the system.
I still don’t think such large organisations in the chaos of the freemarket would be able to conspire. Its dog-eat-dog.
stonerindiekid:
You’re not getting it if you think there is any such thing as a free market in the banking industry. It is a cartel.
@ stonerindiekid (in the next post)
active collusion isn’t necessary. Jackals, hyaenas, vultures, wild dogs – none of them collude but there actions conspire to the same end.
Collusion was indeed impossible back in the day when we were based on gold. Look at the history of fiat currency and you will see how it works. Fiat currency is a game of bailing out preferred companies using the invisible hand of inflation. Study the history of money. A good book to read is The Creature from Jekyll Island : A Second Look at the Federal Reserve.
@Eric: Collusion began with the goldsmiths! Seriously brother! You gotta do some due diligence here.
http://www.ansarfinance.com/UsuryBanks.asp#DishonestGoldsmiths-
So when did the current banking system begin?
This query takes us back to the late Middle Ages when gold and silver coins were the main form of money. During this period, if anyone obtained a large amount of coins (more than they felt safe with) then they would deposit them with the local goldsmith, the only person in the area with a reliable strongroom or safe. The goldsmith would give a receipt in exchange. The oldest surviving British record of money being deposited with a goldsmith is dated 1633.
Initially, depositors called at the goldsmith’s to reclaim their coins whenever they wanted to make a payment, but as time went on some of them found it more convenient to transfer the goldsmith’s receipts instead. Thus, by 1670, receipts frequently had the words ‘or bearer’ on them as well as the depositor’s name. As coins were heavy and risky to carry around, the new receipts quickly became the preferred method of settling bills.
It’s amazing that so few companies and really, just a few thousand people control so much. They won’t succeed in the long run, they will be targets for the starving masses but their hubris prevents them from seeing the end result to their attempts at world domination.
I watched “The Warning” last night from the Frontline series and what struck me the most was Greenspan’s statement to Brooksley Born that the ‘fraud doesn’t matter, the market will take care of it’ when referring to the derivatives “market”. One thing seems to have escaped them. They have left out the human element in their calculations. A population that has never seen hunger is not going to be happy about the destruction of the world’s economy. Between Greenspan, Geithner, Summers and Rubin, they will have accomplished what Al Qaeda could never do in a million years. Despite Greenspan’s recent mea culpa, in the end it will be et tu brutus.
The theory is that the starving masses are being targeted by these institutions… not the other way around. The starving masses can swing their crystal clean (read: unused) knives in the air, trying to stab at breadcrumbs falling from the sky. But they’ll never hit their target. There will never be an “Et tu Brutus?” moment between these very different classes. That requires infiltration and subversion from people on the same level, that or an insane level of competition that tears these levathians limb from limb. Our problem, the one I’m concerned about is just what level of public MOVEMENT is necessary to make any impact on these beings in the sky? Stabbing isn’t going to work, like moving your money from one bigbank to a local bank, because your money is still being circulated and taxed in the traditional ways. What are our options? What are our alternate modes of currency? (I’m just wondering. thinking aloud here.)
I think one way would be if the public would pull the plug on their belief in this “currency” we all ass u me has real value and were to embrace hard assetts Gold, Silver, weapons, food. As long as we embrace the fiat “currency” of the fed that gives them control over us. Our founding fathers knew this would be a problem and tried to protect us from this monster, only”states have the right to “COIN” Money. If we as people could barter and trade hard assetts I think we might be able to take this back my concern is that we have passed the point of no return, and sold our soul to the fed. JUST THINKING OUTLOUD!!!!!!
huh? you need to read article 1.8 and 1.10 carefully. article 1.8 are the duties of congress. article 1.10 are the restrictions on the states.
aristotle, caesar, jesus, lincoln, edison, and eistein all believed in cheap debt-free money. check out my quotations. you don’t understand the solution. the problem isn’t the federal reserve. the problem is fractional reserve banking (debt money issued by the banks, whether based on nothing or gold). btw, adam smith debunked free market currency in 1776. that is the reason behind article 1.10.
Pingback: Monopoly Money and the International Banking Cartel | Same Old Change
Pingback: Monopoly money and the int’l banking cartel « Shadowtraders
Thanks Damon for identifing our trublemakers.
An anology comes to mind: They are like the bad bacteria in our bodies. They steal (legally via the Federal Reserve Act – 1913) our nutrients, exude toxic proteins (propaganda) and us leave tired and apathetic.
To me it’s amusing to me how the matchos who have no plan to rid themselves of the disease say, “WE’ll show them!” as if I am a part of his wanderer with guts.
As with a bacterial infection recovery requires starving them of the meats (borrowing) and at the same time feeding them the sugar they like (income tax).
Can the matchos stop consuming sugar? How united are all of us, at one time and in continuity, stop feeding them sugar? Where is your plan?
The Plan:
Goal: To become united co-creators of our experience for the common good.
Step 1-”Spirituality”: Realize your responsibility as an active consciousness in Universe.
Actions: Meditate, Exercise, Healthy Eating, Direct Personal Interactions With Focused Intention, Visualization, and most importantly (in my humble opinion) Giving With Direct Personal Interaction. Go and change a life, start with yourself and move outwards from there
.
Step 2- “Psychology”: Realize the brain body connection and the importance of peak homeostasis on our ability to think complex thoughts and bring them into fruition. Realize that being a “person” and a “human being” mean two different things.
Actions: Get Therapy, Investigate Brain Chemistry, Study Psychology (I suggest an emphasis on Maslow and Jung), and Have Love and Forgiveness for Our Limitations.
Step 3- “Economics”: Realize your will to power. Step one and Step two are simply necessary for this realization. In this time of chaotic blips up and plunges down we have a moment when it is apparent to most all that change must take place. It will be a race to see who can supply the market demands of those robbed and raped mobs that are left that got too high on their horse and needed a lesson in humility (very sarcastic remark). It is possible that we can promote an idea that will alleviate the crushing force of the fed. I believe the answer is realizing our will to power through the creation of alternative local currencies/internet currencies/national currencies/ etc. . .Please add your idea here! We do not need one idea to solve all of our problems as problem solving never takes one idea to get it done. I have created my own internet currency model and am waiting for the proper time and funds to launch it. I encourage you to do the same.
Actions: Find like minded people in your neighborhood and/or circle of friends/affiliates and determine how you can best provide for your brain’s/body’s hierarchy of needs. Educate Yourself!
Ideas to think about (Other than Damon’s of course):
http://www.commongoodbank.com
Reinventingmoney.com- read the ebooks!
http://www.ces.org.za/
http://www.foodnotlawns.net/
This is, humbly, my plan and I encourage you that in this time of change we need responsible human beings who are willing to provide for a brighter future. If it is to be! It is up to me!
nice article
General Smedley Butler saved us from the fascists among us back in 1934 during his testimony at the Association of the Bar of the City of New York. The Bush’s, DuPont’s, Astor’s, Vanderbilt’s, etc. with an assist from media mogul William Randolph Hearst, all miscalculated Butler’s patriotism. He must be rolling over in his grave today to see that just a short 70 years later, they won anyway and we are now a fascist country. Too sad to dwell on.
Did anyone see the recent Krugman article “America Goes Dark”?
In his usual way, he highlights the crazy behavior that’s coming from both sides of the political spectrum: “In effect, a large part of our political class is showing its priorities: given the choice between asking the richest 2 percent or so of Americans to go back to paying the tax rates they paid during the Clinton-era boom, or allowing the nation’s foundations to crumble — literally in the case of roads, figuratively in the case of education — they’re choosing the latter.”
And Paul further illustrates what’s happened because of this: “The antigovernment campaign has always been phrased in terms of opposition to waste and fraud — to checks sent to welfare queens driving Cadillacs, to vast armies of bureaucrats uselessly pushing paper around. But those were myths, of course; there was never remotely as much waste and fraud as the right claimed. And now that the campaign has reached fruition, we’re seeing what was actually in the firing line: services that everyone except the very rich need, services that government must provide or nobody will, like lighted streets, drivable roads and decent schooling for the public as a whole.
So the end result of the long campaign against government is that we’ve taken a disastrously wrong turn. America is now on the unlit, unpaved road to nowhere.”
My interest is now in local community development, in a regional level at first. But my passion remains right where Damian goes, global inequality. Any advice on where to go to get into global development related issues? Organizations? Schools? Internships?
Socialism was created by these same bankers to unjustly enrich bankers. It is working exactly as it was designed to function. By inducing nations into a fraudulent inextinguishable, unpayable public debt, they can be forced into bankruptcy where the collateralized natural resources of those foreclosed on nations are transfered to these bankers in fee-simple. These foreclosure actions are called “war”, the only way the modern day money changers can foreclose upon a “king” who has an army to protect his interests. The entire world is now in their private ownership. Neat huh.
Damon
I heard several times the English banks owned the FED.
So this is not true anymore.
These banks are all actually those who own it (the FFD)
Is this correct?
Thanks
The English / Bavarian banks DO own the FED. Scroll up and click the link to see the list.
Pingback: Which Monetary System? A conversation. « Wealth Without Money
It has always been in the interest of banks to be able to coordinate credit expansion. Read Rothbard’s “A History of Money and Banking in the United States…” So yes, the banks love centralization. There are 2 free-market checks to unhealthy credit expansion: bank runs and banks collecting the notes of other banks and demanding redemption, both of which are basically the same thing. Great post by the way. Public opinion, at least American public opinion, has shifted in the past, and it can happen again. The more credible information gets spread the better, so keep posting, and researching, and talking and thinking. It took the government and bankers a long time to mold public opinion, and change isn’t going to happen over night.
These are the primary dealers yet there are other entities which remain nameless who are the shareholders.
True one and all but what is the solution? More transparency in the banking system? As Uncle Jack said in a few good men “you wouldn’t be able to handle the truth!” Would the world be able to handle the truth to know that the entire world is completely intertwined and interdependent and is in a totally, hopeless debt crisis?
Even if all of the executives, of all of the hedge funds, were treated most harshly the economy would not change. The world is on a collision course with disaster.
With apologies to Zager and Evans, the world sure ain’t gonna be making it to 2525; but, we can all, sure as hell, still party hardy like it’s nineteen ninety nine cause come December 21, 2012, the last one standing will get to turn out the lights!
If there was even a shred of cosmic justice or karma in this universe of ours we’d all wake up tomorrow morning to find that every singl eperson working to further the globalist agenda of the international banking cartel had their throat cut wide open while they slept!
I love your work and your videos. I keep thinking of Italian philosopher Giorgio Agamben’s book, “What Is an Apparatus?”. He writes, “an Apparatus is literally anything that has in some way the capacity to capture, orient, determine, intercept, model, control, or secure the gestures, behaviors, opinions, or discourses of living beings.”
Basically, we have no way to form our own subject. Based on this philosophical notion, Facebook is an apparatus. The Internet is an apparatus. Even Language is an apparatus. The Banking cartel has captured us since modern banking was developed in the Renaissance.
The next philosophical inquiries should be: “How does one get captured?” How do we form our own subject and create a new form of life?
We need enlightenment!
I think we are left with two choices….
1 – Allow the international bank cartel to continue holding their money creating monopoly sink into the depths of catastrophic depression and national bankruptcy.
2 – Or…take back our sovereign power to create our own national money supply.
Larry
Alternate models/methods of currency – yes. That’s the solution. It doesn’t require a violent revolution, just switch. Have a plan, have communities build the infrastructure, have theculture slowly “catch up,” and viola! New method of capitalism (might I suggest one that rewards charity rather than greed and debt??)
Pingback: who rules «
For the sake of argument, let say there really is an organized group of “owners” at the top of the debt pyramid. By pushing debt so far that it can’t possibly be repaid, aren’t they in effect, “killing the goose that lays the golden egg?” If the bank cartel kills the U.S. dollar, aren’t they cutting their own throats?
If so, what’s their end-game?
They will have at least 3 or models ready to roll-out to continue on their way to totalitarianism. They are probably surprised the current system has been stomached for so long, bearing in mind the public at large has become increasingly well informed in the last 50 years. They have probably had more time than was required to have a model ready to suit any number of variables nearly 100 years in fact.
They will probably even offer a couple of alternatives for which to continue the illusion of choice, have the people choose their poison by way of “democratic” referendum.
For those at the top of the pyramid it is not about profits or money; it is about power. They have known for a long time that the current capitalist/consumerist economic model is not viable long-term and they are moving, in my opinion, to restructure the world. The first step is to secure their own position and hegemony through establishing a global central banking system that will form the economic superstructure for a new world order.
Pingback: Global Empire and the International Banking Cartel (part 2) | Council on Renewal
PRIMARY CLASS A SHAREHOLDERS OF THE FEDERAL RESERVE
$1. Rothschild Banks of London and Berlin
$2. Lazard Brothers Banks of Paris
$3. Israel Moses Seif Banks of Italy (Now Bank of America)
$4. Warburg Bank of Hamburg and Amsterdam
$5. Lehman Brothers of NY
$6. Kuhn, Loeb Bank of NY (Now Shearson American Express)
$7. Goldman, Sachs of NY
$8. National Bank of Commerce NY/Morgan Guaranty Trust (J. P. Morgan Bank – Equitable Life – Levi P. Morton are principal shareholders)
$9. Hanover Trust of NY (William and David Rockefeller & Chase National Bank NY) are principal shareholders).
Federal Reserve Directors: A Study of Corporate & Banking Influence
Staff Report, Committee on Banking, Currency & Housing
U.S. House of Representatives, 94th Congress,
2nd session, Aug. 1976, Federal Reserve Directors,
a Study of Corporate & Banking Influence (72 charts)
http://www.my2012.4t.com/index_1.html
Many of the banks listed under United States are under British Monarchy control and based in London.
Pingback: Militant Libertarian » Lies and Unction
Pingback: Nathan’s Economic Edge Brings Damon Vrabel’s Important Education to the Table | Get Smart About Banks
Pingback: Monopoly Money and the International Banking Cartel | Monetaryfreedom's Blog
Pingback: Various “Follow the Cash” Perspectives: Damon Vrabel | Follow The Cash
Pingback: The International Monopoly Banking Cartel explained, i.e. Banksters fascism;Who makes money from perpetual Wars? Brilliance of James Madison « Anti Oligarch
Pingback: The Global Banking Cartel | David DeGraw
A civilization based on a system of parasitic usury-economics will ultimately destroy itself, because fractional-reserve ‘banking’, combined with compound ‘interest’, is truly and totally contrary to the modern Establishment economic theory that it represents some kind of perpetual-motion machine. Our economic system was not designed to, nor was it intended to, function honorably for the benefit and general prosperity of all; it was specifically designed to create a nation of debt slaves under the control of a molesting central bank. The perpetrators of the system understand fully that it is finite and must inevitably collapse in a state of insoluble debt, but by that point they expect to have gained full and indisputable control over everything. The 450 richest people in the world have financial assets equal to the combined wealth of the 3 billion poorest; half of all humanity. The only possible explanation for this is that the international economic system has been subverted and corrupted by fully intentional activities, directed towards undermining national governments and creating institutionalized, privately-owned central banks throughout the world.
“Capitalism is organized crime and we are living in an usury-market economy, not a free-market economy. It is by design that the rich get richer and the poor get poorer, not by accident. ”
- George Washington
“The drive of the Rockefellers and their allies is to create a one-world government combining supercapitalism and communism under the same tent, all under their control … Do I mean conspiracy? Yes I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent.”
- Congressman Larry P. McDonald, 1976, killed in the Korean Airlines 747 (Flight KAL007) th at was shot down by the Soviets in 1983
@ Levi excellent post.
Pingback: Damon Vrabel – Monopoly Money and the International Banking Cartel | Debt Relief Articles | Loan Articles
Wow, a nearly complete list of banks owned by the Rothschilds.
Pingback: Luciferian Ponzi Scheme is imploding – United Nations of Film
Pingback: R.I.P, Homo Economicus: On the End of Ubiquitous Poverty and the Beginning of Universal Abundance « InvestmentWatch
Somebody wrote that the public has become better informed over the last 50 years. The Internet and email is accelerating that process exponentially. I urge each one of you to learn how the banking system can very easily be changed from a debt (negative money) system to a positive money system by a change in the law in each country. Of course, this is most easily brought about in democratic countries. Banks would be forced by law to become merely financial intermediaries and would lose their legal right to create new money out of ‘thin air’, which they do every time they make a loan. The best time for this to happen is now, while the memory of the global financial crisis is still fresh in everyone’s minds.
This is all explained at http://www.positivemoney.org.uk
By emailing all of your friends and contacts to bring this to their attention, and urging them to do the same, the good news can be spread to the democratic world.
We shall overcome!
I was going to say you all know what needs to be done. But what is the point?
So keep talking while the Cartel throws dirt into your grave. Bury you alive.
Better still, why not tell us what you think needs to be done.
Greetings, sadly, monotonously sadly, everyone seems to be missing the point, no one can see the wood for the trees. First we must realise we are all minor pawns in a giant game. The game being played is one which allows money/wealth into the hands of the initiate few. These few play the real game, which is to: Bank, Corporatise, Trade, Buy sell trade, EVERYTHING. They set values amongst themselves; to stay in the game they must create a surplus over costs, which they use to finance further gain to the bottom line; their life-styles depend on those gains. The bigger they get, the more successful, elevates them to ever greater levels of Power; at this stage they control Governments, wage Wars, in order to facilitate ever more control of wealth and resources. The whole system works because those at the top pay desirable rewards to those just below, who pay desirable rewards to those just below (you know how this works you live it every day). Some of us, the People, we accept our thirty pieces of silver as payment to forcibly subjugate those of us who object. We are all anethetised by the need to get some money in order to live, we exist in the worst way possible; we have no Power no Control, we are called the silent masses. Nothing exemplifies all this better than our present financial Bank Crises. Unlimited sums of printed or keyboard money has been given to the initiates, literally countless trillions. You will be aware that literally nothing has been done to ease the burden on we the people. Even worse the initiates have managed to transfer all the burdens of indebtedness onto the people and their savings and assets.Now, if all this was meant to facilitate the introduction a new world order, a change with benefits for all, one could reasonably expect “them” to keep us informed, “they” have not done this. Therefore we may assume that in this “Game” we the people are of no consequence. Finally, there is only one way to correct this situation. We must return to a World Governed by Independent Democratic States, all of whom will reclaim the Sovereign Right to print and issue debt free interest free money fed into the economy at the bottom by providing everyone that needs it, a Social Wage until death. Google a search for “The Universal Economy”. this explains how the free enterprise system works best. Regards, Thomas.
Humanity has a collective consciousness that we are all conected to and effected by. As more and more people wake up to the insanity of what is unfolding and to the possibility of a monetary system and a civilisation not based on debt and competition and greed the tide will turn against the current elites who have lost the run of themselves. It’s just a matter of time before the ‘hundreth monkey’ gets it…then a whole new age begins for humanity and the Earth.
I haven’t seen a reference to the “Hundredth Monkey” in a very long time. I am heartened to see it, the science notwithstanding
Thank you. I have been saying this for years only to be laughed at. I agree with what you are saying. You might want to see what the Native Americans (the Hopi) are saying about our future. A lot of people are waking up, trouble is they either don’t know what to do or they are afraid. What we want now is another Martin Luther King
Pingback: What is Wealth? | The Web of International Finance