Central Banks, BIS and Goldman Sachs Coercion
09-04-2011, 07:15 AM,
Central Banks, BIS and Goldman Sachs Coercion
Did you ever wonder why countries allow private central banks to issue their money? Somehow, missing in the self-governing status of governments is the courage to deny the seduction or the threats of the global banking cabal, over the control of a nation’s currency. How did this obvious usurpation of independence become an unquestioned acceptance by the very governments who proclaim to be sovereign nations? The answer reveals that the right of autonomous government is now dependent upon the approval of the banking cartel. The myth that a historic country can exert their populist will and financial self-determination, when it conflicts or opposes the interest and objectives of the moneychangers, is outright fantasy.
In an Interview with Jean-Claude Trichet, President of the ECB , conducted on 20 April 2011 by Mr Jorma Pöysä (Kauppalehti) and Mr Juhana Rossi (Helsingin Sanomat), published on 26 April 2011, the following makes it very clear just who is in charge.
Question: As you may know, a populist and euro-hostile party called True Finns won the general election in Finland last weekend, obtaining almost one-fifth of the votes. Are you worried that this anti-euro sentiment will grow in other euro area countries? Could it dampen the willingness of triple A countries to accept new rescue arrangements and therefore slow the gradual recovery from the recession and the debt/banking crisis?
Answer: As a central bank we issue a currency for absolutely all political sensitivities. We are the guardian of a public good – a credible and stable currency – and that public good is for the service of all our fellow citizens. We are, by construction, a multi-partisan and multinational institution. I will not comment on the functioning of our democracies. We fully respect the functioning of our democracies in which we have the fortune to live in Europe.
Translate for "our democracies" the vassal states of the usury masters. Blackstone's Commentaries on the Laws of England, p. 1336 reads: "When money is lent on a contract to receive not only the principal sum again, but also an increase by way of compensation for the use, the increase is called interest by those who think it lawful, and usury by those who do not."
Niall Kilkenny in The Moneychangers Exposed at Last, concludes. "In the ancient world, the usurer quickly became owner of most of the country and had all the silver and gold. Then the peasants became slaves or revolted. Under the paper system, the final collapse can be postponed by printing more fake money. Inflation is the handmaid of the paper system. It is economic warfare, and more deadly than an invading army, because it comes from the enemy within."
The Money Masters
How International Bankers Gained Control of America
Today central banks command far more power to dictate financial consequences than any government. Simply stated, governments dare not restrict or abolish their monopoly schemes that make or break political regimes. The Money Masters video gives an excellent account on How International Bankers Gained Control of America.
Yet, this same pattern repeats itself throughout the world. Can there be any doubt that the banksters directed NATO to remove Col Muammar Gaddafi because he was proposing a pan African financial system that would abandon the strangle hold of the IMF? Gold stocks in the hands of a rebel, prescribes the need to overthrow and punish anyone who dares defy the interest debt machine. The ultimate moneychanger, the Bank of International Settlement calls the tune. The Money Masters site exposes the practice.
"The Central bankers’ Bank for International Settlements (BIS) in 1988 in the "Basel I" regulations imposed an 8% capital reserve standard on member central banks. This almost immediately threw Japan into a 15 year economic depression. In 2004 Basel II imposed "mark to the market" capital valuation standards that required international banks to revalue their reserves according to changing market valuations (such as falling home or stock prices). The US implemented those standards in November, 2007. In December 2007 the US stock market collapsed and credit began drying up as banks withheld loans to comply with the 8% capital requirement as collateral valuations began to drop. The snowball effect of tightening credit, which reduces economic activity and values further, which resulted in further tightening of credit, etc., has produced a worldwide depression which is worsening."
Charles Scaliger adds in Basel III and Sound Banking published in the New American.
"The set of rules agreed upon, which are being called the Basel III rules, will give banks until the end of the decade to come into compliance with new global financial standards, including a mandatory reserve of so-called "Tier 1 capital" of six percent (up from four percent) and an additional emergency reserve — a "conservation buffer" — of 2.5 percent. Champions of the new rules, like Jean-Claude Trichet, chairman of the European Central Bank, believed the measures would strengthen the global economy in coming years by — in Trichet's words — leading to a "fundamental strengthening of global capital standards." Others, like Sheila Bair, head of the FDIC, pushed for a quicker phase-in and for still higher capital standards. Banks themselves, especially cash-strapped large European banks, were relieved at the long phase-in, which they hope will buy them time to get their financial houses in order."
It should be clear that the financial markets are subject to the decrees of a shadow top down system, set up by elites, to achieve not only economic manipulation but also political control.
In the article Bank of International Settlements Total Rip-Off, Matthias Chang transitions into the ties with the investment bankers.
"The Bernankes, the Geithners, the Paulsons, the Larry Summers and their pals in Goldman Sachs, JP Morgan, Citigroup, Merrill Lynch, Bear Sterns, Lehman Brothers, Fannie Mae, Freddie Mac and their European counterparts are given blanket immunity and allowed to continue the rape and plunder of the global economy. I believe that unless progressive financial analysts and commentators simplify their analysis and commentaries so that more people will understand how the frauds have been committed, the status quo would remain and the plunder would continue."
Enter the poster boy of Wall Street excess, Goldman Sachs. Forget what you hear about the "Vampire Squid" you read about in Matt Taibbi's "Bubble Machine", the source you need to follow is goldmansachs666.com. Mike Morgan started the blog and as soon as the "blood sucking calamari’ got wind of the effort, Goldman Sachs decided to tell him he could not do what he was doing. They sent a cease and desist letter, and Morgan filed a Complaint in the United States District Court. Now the next circus is gearing up - Could Blankfein Face Prison? This drama will just divert a needed inquiry, away from the tyrannical usury financial fraud and the systemic debt despotism, that rules the planet.
"Recall that Blankfein emphatically told the subcommittee, "We didn’t have a massive short against the housing market, and we certainly did not bet against our clients." The 650-page subcommittee report (PDF) presented on April 13, 2011, which cites Blankfein 79 times, begs to differ.
The report accused Goldman of trading against its clients by simultaneously shorting certain subprime mortgage securities (a.k.a. "cats and dogs") while stuffing them into the collateralized debt obligations it sold. It also suggested that Goldman executives, including Blankfein, misled Congress in testimony surrounding the Abacus CDO, Hudson, Timberwolf, and other deals, by saying it didn’t have a big short."
Books can be written about the insanity in speculative instruments and exotic swaps, but it all comes down to a variation on the ruse, which is based upon charging interest on debt created money. Greed will always exist, but the acceptance of the tenants of central banking and financial exchange gambling will continue and assure to produce the same results. The elites accumulate more control over the resources and the slaves pay a higher price for mere survival.
International financial markets and central banks must stamp out any threat to their criminal syndicate. Usury (Riba) the notion of interest payments in conventional banking is impermissible in Shariah law, because it is considered usury and is therefore unjust. The Law of Moses states, "Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of anything that is lent upon usury "(Deut. 23:19)."
Yet in this world of incalculable debt, the practice of private banks maintaining the sole ability to invent magic entries in an accounting ledger that draws interest payments from governments continues. The alternative to this demonic plot requires governments to issue their own debt free currency. Leaders without fail have been killed for thinking such revolutionary thoughts.
Nothing short of an entire repudiation of the global banking monocracy, will liberate people from the global gulag. State coercion is paid with the blood money that drains your vital sustenance. As the worldwide depression spreads and the fascist enforcer beats the last critical signs of resistance out of the masses, the few who are in positions of leadership need to break their silence and engage with the populace to rebel. It is time to drive the moneychangers out of the affairs of nation states.
SARTRE – September 4, 2011
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