Well, humanity never ceases to amaze me.
A recent post on the Illuminati Conspiracy Blog seems to have struck a nerve with a large portion of my readers...which have stopped being followers of the blog.
The topic?
How Cancer Treatment kills a patient before the cancer does.
Given the growing Cancer Epidemic, I know it is painful to face the accusation that your loved ones have been killed, not assisted by the medical establishment (some perhaps through one's own decision or encouragement) and that it could be an uncomfortable reality.
It is hard to admit one has been lied to, deceived and your loved ones murdered through so called 'treatment.'
It is a very hard reality to face because it hits so close to home.
I sense the people that left were probably already hurting.
I was hurting...and the lies were growing...
...that was the reason I wrote that blog entry.
No further observations.
No insults.
No sarcasm.
The Illuminati Conspiracy Blog is a blunt piece of literature.
I am not surprised people of contrary beliefs are hurt by it, as these followers were (as they continue to leave this blog).
But I will continue with saying that I am surprised at the extent of the hold the Illumintati medical establishment over the human mind.
And I pray more people wake up and continue waking up to the medical reality that afflicts us.
Meanwhile...
....here is video of me trying keep people away from the Cancer industry.
https://www.youtube.com/watch?v=A2aC2UY-APQ
A Running Commentary on the End of Western Civilization as We Know It
Showing posts with label corruption. Show all posts
Showing posts with label corruption. Show all posts
Thursday, January 28, 2016
Friday, November 22, 2013
The Three Foundations of Illuminati Power
A fellow
conspiracy theorist, perhaps much wiser than me, once said:
“Stop wasting
your time only analyzing what they do, concentrate on the power
structure, it's the thing that does everything else.”
Get it?
Concentrate on
the power structure instead of its endless actions.
It's sort of
like you being blindfolded and tied down while some freak starts
performing a vivisection on you.
Instead of
analyzing what horrible act the freak is going to do next, why not try to tear off the blindfold, find out who the freak
is and take him out?
That's my case.
Society has
been dormant before the acts of the Illuminati power structure because it has
not torn off its blindfold of make believe.
On the other hand, conspiracy
theorists have been so morbidly fascinated by the acts of the
Illuminati that they often ignore the power structure that is making
it happen.
As it turns
out, the power structure is simple.
And not only is
it simple, but its core pieces (just like the game of Jenga) would
collapse the entire structure if taken out.
As it turns
out, there are only three institutions holding the entire Illuminati
power structure together:
-Freemasonry
-The Federal
Reserve
and
-the Council on
Foreign Relations
If you abolish
these three institutions (and keep them abolished) you abolish the
power of the Illuminati PERMANENTLY.
So lets take a close look at each one, shall we?
So lets take a close look at each one, shall we?
FREEMASONRY
We inherited
this thing from England, and its was mostly responsible for carrying
out the American War of Independence.
It was also
responsible for the bloody French Revolution and all other Communist
revolutions since.
Freemasonry
originated in England and has served as an excellent source of
intelligence as well as a handy door opener in
foreign policy.
Is it any
wonder many conspiracy theorists point to England as the core of the conspiracy?
They do have a point.
But back to our revolution.
They do have a point.
But back to our revolution.
Our
masonically-organized revolution only ended so well because...
1) England let
us get our independence
2) the masons
who carried out the revolution were simple businessmen looking out
for their own interests while liberating themselves from bureaucracy
and centralized power.
3) the barrier of the Atlantic
and Pacific Oceans let us carry out our democratic experiment in
peace
But, needless
to say, Freemasonry has remained with us and has been given
unwarranted prestige and acceptance in this country.
This is because
we have simply remained blissfully unaware of how much crud Freemasonry has shoved down our throats.
It was only a
matter of time before the more centralized and destructive Illuminated
masonic influence from overseas came home to roost.
People that
underline the 'democracy' that Freemasons have granted us neglect to mention the role American Freemasonry has played in the destroying the
American way of life.
The American
Civil War, for instance...almost 1 million Americans killed and
countless maimed and crippled – the costliest war in our history.
From there on
you can continue with the Robber Barons, Tammany Hall, American
Indian genocide, Populism, Progressivism, the Mafia...and so on.
The truth is,
the Freemasonry we have today is not the Freemasonry of the American
Revolution.
It's still
there and it's still just as powerful, but just many times more
rotten.
Indeed, Freemasonry is
the OIL in the Illuminati conspiracy. It makes things happen
and keeps them secret once they HAVE happened.
Most everybody
joining Freemasonry do it for one reason and one reason only – to
get ahead.
As such, it is
at the very least, a conspiracy of selfish gain by Masons for Masons.
I hate to say this, but if we are to rise up as a
country...
...Freemasonry
has got to go.
THE FEDERAL
RESERVE SYSTEM
With the
Freemasonic political machines set up by the 1900's, it was only a
matter of time before they came together to bind us to the old
European concept of the Central Bank – a bank which creates money
out of nothing and counts it as debt owed to it by the host nation.
Host...as in the
host of a parasite.
It was
Freemasonic influence which not only passed the Federal Reserve Act
in 1913, but kept the act from ever being rescinded...in spite of the Fed
whacking us with the greatest economic depression in the history of
the United States.
And it was a
GREAT Depression.
It is a deeply
hidden fact that America suffered much more than Western
Europe during the 1930's – our economic depression was WORSE!
The outcome of
this economic lashing should have ended with the burning down of the Federal
Reserve in 1938.
Instead what we
got was a Freemasonic President, who teamed up with a masonically
controlled Congress to keep the Fed's involvement in our economic
deprivation secret.
The Federal
Reserve has played its part since then to create the American
mega-banks which today control the economy through mega-corporations
and the Government through mega-lobbies and society through
mega-foundations – all supplied with endless amounts of money
created out of thin air, of course...at the direction of the
Rothschild agents, the Rockefellers.
After all, what
is there to stop them, they print endless amounts of money out of
thin air and use it to enslave us.
If Freemasonry
is the oil, the Fed is the ENGINE of the conspiracy – it drives all
the programs and actions of the conspiracists with its endless supply
of fiat money.
So the Fed has to go.
It has to go
and never come back.
THE COUNCIL ON
FOREIGN RELATIONS
With the
Freemasons dominating society and the Federal Reserve dominating the
economy, what was left but to create an obedience group to dominate
government?
The Council on
Foreign Relations was created in 1923 as a branch of the
British-centered international Round Table Groups – obedience based
political clubs designed to dominate the governments of their
respective host nations.
The basis of
the Rockefeller-founded Council on Foreign Relations was (like all
the other Round Table Groups) international. If you were not an
internationalist (read Globalist) you were not part of the Council on
Foreign Relations period.
Its members
were first 'felt out' as to their outlook on globalism and then
'invited' to become a member.
(Please note
that membership in the Council is by invitation only - just like
Freemasonry)
So what the
Council created very quickly was a core of globalists in Washington,
which went on to dominate our capital to such an extent that within
the last two decades of the 20th Century, any government bureaucrat
or official was considered a 'nobody' until he or she became a
Council member.
Please keep in
mind these two things:
1) that to
become a Council member you must believe in world government
and
2) that the
Council dominates the Executive, Legislative and Judicial Branches of the Federal Government.
So, having said
that, is it really a surprise that America is merging itself as part of a world government under the dictates of the United Nations?
Of course not.
It would be
really amusing (and revealing) if our representatives and bureaucrats
were forced to wear armbands – black for Freemasonry and orange if
belonging to the Council on Foreign Relations.
If they did, the next Congressional get
together would look like a gigantic Halloween Party.
It's no
exaggeration.
The Council on
Foreign Relations dominates our government while not gathering even a
mention from the local media (also run by CFR members).
Given the
Council's power over our Government, is it any wonder we are
incorporating ourselves seamlessly into a New World Order?
That's right, we don't have a Congress, what we have is a get together of
CFR members who gather to decide just how and when we will merge into
global governance.
The CFR, the
very same internationalist political club established by Rothschild's
servants, the Rockefellers, to dominate American politics has done
exactly that.
Now I could
continue with the NSA, the CIA, the FBI, Homland Security the
Trilateral Commission, the Communists, the FBI, but I won't.
I won't because
Freemasonry, the Federal Reserve and the Council on Foreign Relations
are the linchpin to the entire rotten Illuminati structure.
You get rid of
these three hinges and the entire rotting structure will come
tumbling down – world government, Marxism, globalism, the UN, all
of it.
But to do this
humanity has to awaken.
It has to wake
up and see there is private bank writing itself receipts over their
wealth while holding them to an imaginary debt supposedly owed to it.
America has to rub
its eyes open and see we are infiltrated by a cult called Freemasonry
which influences all decisions from politics to science and industry.
America has to sit
up and notice we don't have a Congress, but a meeting place for the
Council on Foreign Relations.
America has to wake
up, sit up, stand up and take action...
...abolish the
Federal Reserve....
….abolish
Freemasonry...
...abolish the Council on Foreign Relations.
Then and
only then – after accomplishing these three simple steps...
...will we get
our country back.
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Wednesday, July 24, 2013
Terror: The True Cause of Reduced Crime
Recently the Internet has been gloating
over how crime rates are diminishing due to the increased gun
ownership.
At first I rejoiced at such news, then
the disturbing voice of common sense started whispering.
Crime rates were falling across the
board.
This means they are falling both inside
and outside the areas where gun control exists.
What does that mean?
It means guns ownership might not be
the cause of it after all.
The cause of diminishing crime in this
country might just be something more disturbing:
How about...SHEER TERROR OF THE POLICE
AND PRISON SYSTEM.
I have experience living in Third World
countries, countries where democracy does not exist or at least did
not exist at the time I was there.
I learned something very important in
the Third World, and it is this:
As government becomes more brutal and
more criminal, street crime goes down.
Why does it go down?
Because criminals become so afraid of
the justice system they no longer commit crimes.
It sounds silly until you actually see
their jails.
These are places that once you go
in...there is no guarantee you will come out.
Add to this the murderous and sadistic
'national guards' or 'military police' and you've got a recipe where
being a criminal is too risky an enterprise to consider.
So flashback to America.
Have you seen our police lately?
In the Third World I have seen police
beat a taxi cab driver into a bloody pulp for speeding.
In the Third World I have seen families
breakdown and start crying in terror and after finding out their
loved ones have been 'detained.'
You know what?
Things are starting to get like that
over here.
I don't know if you have noticed, but
our police are becoming MURDEROUS.
Whether its a group pummel death or a
Taser-induced cardiac arrest, our cops are increasing their kill
ratios at an alarming rate.
Just this month a Scottsdale cop was
featured in the news who shot a person just about every single year
(his latest victim had been an unarmed dad holding his baby). His
department said he was perfectly justified in all his shootings. This
cop's specialty seems to be shooting stationary targets in the face.
Every time an American is stopped, the
question at the back of his head is now “is this gonna end up with
me being Tased, shot, or beaten to death?”
Cops don't need much of an excuse
nowadays to turn you into legal slaughtered meat.
It could be the tone of your voice, a
question, a refusal to comply with an unconstitutional request, the
way you stare, whatever. When that call for 'back-up' goes
out...watch out.
Many of the cops on the street now
consist of Iraq veterans who kicked down doors and murdered people on
a regular basis. Upon returning to civilian life, they have little
recourse on where to put their 'skills' to use except by joining law
enforcement.
A further terrorizing factor has been
added to citizen-police interaction in that law enforcement can now
subject you to a 'psychiatric screening,' which basically means you
can be detained for the rest of your life in a mental asylum,
depending on the opinion of a psychiatrist.
Psychiatric screenings can be purveyed
for a wide variety of things, including 'having an attitude,'
reengaging in politically incorrect behavior and 'hating the police.'
Like I said, a relative of mine was put
through a psychiatric screening for stating the New York Police
Department was 'corrupt.'
So if they can't imprison you in a
prison, they can put you in a psychiatric ward...for life.
Which brings me to the state of our
prison systems.
Remember the Third World prison in
which your exit is never guaranteed (in fact your chances of exiting
being next to nil for long sentences)?
Well, check out our prison system.
Presently we are the nation with the
largest portion of its population locked up in prison.
And what prisons!
Some are just huge rooms with cots.
The issue with predatory gangs, racism,
crime, psychos tearing you to pieces within that huge room is just a
personal problem.
Prison guards stage gladiatorial fights
between inmates.
Inmates are regularly allowed to MURDER
each other.
Male on male rape is rampant, out of
control and totally ignored by the guards.
In other cases, violently criminal and
or deranged inmates are stored side-by-side with less violent
infringers in small closet-sized dungeons.
Prisoners regularly end up DEAD after
being strapped to a chair (a Maricopa County favorite) for long
periods of time, or being 'controlled' by out-of-control sadistic
psychos who pass themselves off as prison guards...or the inmate is
just found dead 'by suicide' – a nice, neat and simple accounting
trick.
Never mind the hygienic assault on your
immune system by overflowing toilets, raw sewage, prison epidemics,
rotten vaccines or secret medical experiments.
Do you think the ridiculously short
life expectancy for ex-inmates AFTER they are released from prison is
just a coincidence?
Have you spoken to someone who has been
to prison lately?
What did he think his chances were had
he stayed in prison more than couple of years?
The point is all this gets around in
the criminal community:
Outside of prison, the police will kill
you.
And inside a prison, the gangs will
kill you, your cell mate will kill you, other inmates will kill you,
the guards will kill you, and disease will kill you.
The chances of a sick inmate making it
out of prison are pretty slim to none.
You go in with asthma, diabetes,
cancer, kidney disorders, etc and what awaits you in prison is a slow
agonizing death.
So once all this information starts
getting through the grapevine, guess what starts to happen.
The criminals start thinking three or
four times before committing a crime.
Like I said, I've seen it happen in the
Third World.
And what is happening in America today
is very similar indeed.
The government, the justice system, the
police and the prisons are all going ape shit.
The criminals are noticing and are
becoming deathly afraid to commit crimes.
It hurts to speculate that this could
be the real reason behind the drop in crime, in America, but there it
is.
Its hard to comprehend until you have
live inside totalitarian states like Cuba, China, the Soviet Union,
East Germany or a Third World dictatorship, where the GOVERNMENT is
the main source of terror.
When the government is a brutal,
terrifying dictatorship and the prisons consist of gulags, crime goes
down.
You can actually go to sleep with your
doors unlocked. You can walk the dark alleys at midnight.
Incredible, but true (Just don't bypass
any government installations).
In America crime is going down because
criminals (and citizens) have become terrorized by a system of
'justice' that has gone APE SHIT!
Thursday, March 15, 2012
The Plan: America's Rot and Corruption

Before the Illuminati
destroy a society, they rot it out from the inside.
This is no accident, but a
carefully planned process.
For the Illuminati’s
planned destruction of America to work, our society must first be
rotted out from the inside.
It must become ‘sensitive to the direction of money.’
In other words, society must be corrupted by way of coming completely under the control of money.
They Illuminati create money out of nothing…and use it to control the world.
This is why they want us corrupt and prostrate before the altar of money.
Their system consists of money controlling a world that has been corrupted and made sensitive to this mechanism.
Think about it.
Did you ever wonder why you and you and your neighbors always seem like decent people while the people at the top always seem to be moral degenerates?
Representation of a cross section of America?
I don't think so!
The truth is that
politicians don’t represent us at all.
They don’t even resemble us.
And that’s the point.
Any government under the Illuminati heel must eventually become ‘sensitive to the directions of money,’ in short, it must be corrupted beyond all recognition.
Mind-warpingly, incomprehensibly, amorally and helplessly corrupt.
It is only after this process is complete that the society it serves can be destroyed and remade.
Politics themselves have become nothing more than an initiation into corruption.
Do you have any skeletons in the closet?
Do you like to play along and get along?
Do you lack any real political or moral opinions?
Are you likely to do whatever will get you through the easiest?
Do you jump on money every time it’s wagged in front of your face?
Congratulations!
You’ve been accepted into the inner rank of political leadership!
Which leads me to the main point.
Our government has been corrupt for quite some time.
But within the last ten years, it has reached new and unprecedented heights of corruption never before imagined.
Is it any coincidence that corruption has increased hand-in-hand with the ‘war on terror’?
The 'War on Terror' has been used as an excuse to PROFIT through the confiscation foreign oil and leeching off of government 'security' contracts.
Our economic emergency has been used as an excuse to swallow trillions of dollars in unneeded government economic aid to the financial world.
Yes. The rats are having a banquet while the Titanic sinks (and don't think they haven't been keeping an eye on the life rafts either).
Is our government really that corrupt?
You bet it is!
Our government is so corrupt it shrugs off million-man marches like a buffalo shrugs off gnats.
Public opinion doesn’t matter anymore.
Our government treats public opinion like garbage and proceeds to do exactly the OPPOSITE of that opinion.
It lies to us daily.
It uses false accusation to intimidate and arrest and or murder people through SWAT kill teams.
We are just landless peasants beholden to a corrupt elite who run this entire country now.
How much did America’s opposition against Obamacare matter?
How much did America’s opposition to the occupation of Iraq and
Afghanistan matter?
How much did America’s opposition to the banker’s bailout matter?
How much did America’s opposition to NDAA 2012 matter?
Secretary of State Dick Cheney’s reaction to a reporter’s question to a reporter’s question regarding American opposition to the Iraq war is so characteristic:
“So?”
And the man was actually smirking when he said that, as if suggesting “what the hell is the stupid American public going to do about it?”
And this is the same man
who made billions through exclusive government military contracts to
his companies - Halliburton and
Kellog, Brown and Root (KBR).
Kellog, Brown and Root (KBR).
It’s obvious we’ve entered a new era of arrogant rotten-to-the-core corruption.
Our government has been rotted out.
And that’s just it.
According to Illuminati procedure, any structure scheduled to be demolished must first be compromised by rotting from the inside, so that when it is kicked, the structure collapses into a gigantic dust heap (just like the World Trade Center did in 9/11).
Again, let me emphasize: Before a society is abolished, its structure must first be completely rotted out.
When our country falls, its going to fall like the Twin Towers did on 9/11 - nothing left but dust.
Whether you look at France in 1780, Russia in 1910, Germany in
1920 or China in 1930, all these societies had one thing in common before they fell: they had all been corrupted to the core.
And when they fell, it wasn’t just a fall, it was total collapse and oblivion.
Which is exactly what OUR society is scheduled for if the Illuminati have their way.
This is the real reason behind the sudden sky rocketing corruption.
And to have mass corruption, you need mass quantities of money.
To the Illuminati money is a tool.
And the purpose of that tool has now been switched.
Did you notice how the top tiers of society are flooded with money, while the average American can barely afford to eat?
Do you think this is accidental?
Money's purpose has now been switched from powering our economy to corrupting our society.
And if it proceeds at this rate, our society is not going to last much longer.
When the 'kick' comes, the whole rotten structure will come tumbling down like a house of cards, with nothing left standing...just like the hopelessly corrupt societies of France, Russia and China did in their turn - and they have never been the same since.
Most likely (just like these countries) our collapse will give way to a socialist dictatorship.
The Illuminati have been rotting our society and our government to the core for the last ten years in preparation for ‘the great kick.’
Why?
Because our society and our government are to be done away with.
This is a must for the New World Order to emerge.
Building a new society is a like making wine.
The fruit juice has to become rotten for the transformation to occur.
Only then can the process of fermentation begin.
In this, the process is a bit like alchemy.
A fresh society with strong institutions, civic values, religious beliefs and patriotism is like fresh fruit juice.
Wine can never be made from of fresh fruit juice.
You can’t bring a vibrant, healthy society down.
Too many people in high and low places with principles, common sense, integrity, a sense of duty and honor. Too many obstacles to prevent the total destruction of a society.
On the other hand, a society which has had its principles, values, morality and truthfulness debased is like a sand castle just waiting for the wind.
Do you think it was mere coincidence that France, Russia and China had been completely eaten away by a pandemic of corruption prior to their fall?
Those societies were purposefully corrupted BY DESIGN 10 years prior to their collapse.
How outrageously more corrupt do you see THIS America from the America of 2001?
Drastic difference?
Just look at us today:
The banks destroyed our retirements and ran out with our tax bailout money right in front of our noses?
An totally unpopular president got elected and then re-elected.
Our election results have stopped matching the exit polls.
Degenerate, lying and corrupt politicians now thumb their noses at the general public and now do WHATEVER THE HELL THEY WANT.
Yes, we are indeed very close to the fall and total disintegration of the United States.
And it is not by accident...but by design.
Our nation is turning into the rotted fruit juice...that is ready to be fermented into wine.
Sunday, November 28, 2010
We Were Warned in 1994: ECONOMIC COLLAPSE!
The US Government KNEW in 1994 that irresponsible and illegal banking practices would steer the country towards a financial collapse and an economic disaster 15 years before it actually happened.
To make things worse, it was one of our government’s own agencies (doing its job) which blew the whistle on the matter. The government (specifically Congress, our Executive and the Federal Reserve) squashed it.
Here it is:
In 1994 over-the-counter-derivatives (OTCs) got the attention of Clinton’s Commodity Futures and Trading Commission (CFTC) chief Brooksley Born, when it was revealed that OTCs were behind the collapse of Banker’s Trust.
CFTC’s Born, began investigating over-the-counter-derivatives and quickly found out that:
1) the government did not follow OTCs
2) the government did not regulate OTCs
3) the government did not know what OTCs were
4) the trade of over-the-counter-derivatives (OTCs) was occurring between banks freely, without exchanges and secretly without any accountability (in short, it was a gigantic black market)
5) the trading market was awash with secretly traded OTCs
and
6) OTCs had collapse of the major banking institution of Bankers Trust)
Now it does not take a genius to see that this needed looking into, especially when you are the head of the COMMODITY FUTURES TRADING COMMISSION, in charge of regulating the TRADE OF COMMODITIES AND FUTURES, like Brooksley Born was.
But in this she was about to discover how wrong she was.
During the investigation, Born got an alarming impression of over-the-counter- derivative trading as she heard the recordings of OTC traders laughing at the gigantic amounts of money they were getting for junk derivatives.
These men knew they were selling junk, that they were selling it in mass quantities and that somewhere down the ladder, people were going to get screwed.
In fact, they called the act of investing in OTC derivative options “placing bets,” a term that would become more and more common in Wall Street.
It didn’t take long for the 12 largest banks in America to notice that the CFTC was about to launch an investigation into their unrecorded, under-the-table, free-for-all trading of derivatives.
They mobilized all their resources at their disposal to stop the CFTC, and its chair, Brooksley Born, from uncovering their scam.
They sent their peons, Arthur Levitt (Security and Exchange Commission – the SEC), Robert Rubin (Secretary of the Treasury), and Alan Greenspan (Chairman of the Federal Reserve) to talk to CFTC chair Brooksley Born and block her investigation.
Their message to CFTC chair Brooksley Born and to Congress:
if this type of investigative effort was pursued, economic Armageddon would occur.
But the CFTC wasn’t buying it. Quite to the contrary. In their mind, if this type of out-of-control derivative trading continued, they saw a definite economic Armageddon coming.
So the banks mobilized Levitt (SEC), Rubin (Treasury), Rubin’s deputy, Larry Summers (Rubin’s deputy) and Alan Greenspan (Federal Reserve) to testify before Congress on what a clueless amateur and destructive bureaucrat Brooksley Born was.
Unbeknown to Born, they also mobilized their trump card: the banking lobbies (the most powerful lobbies in the nation), who assailed Congress in an all-out coordinated lobby blitzkrieg.
By 1998, Congress was brought into the picture, and a whole series of Congressional hearings were scheduled to see what the CFTC was doing.
Arthrur Levitt (SEC), Robert Rubin (Treasury), Larry Summers (Rubin’s deputy), and Alan Greenspan (Federal Reserve) all testified before the Senate on how CFTC interference in the flow of derivative trading would bring the economic boom the nation was enjoying to a jarring halt.
This was strange because all the CFTC was threatening to do was investigate derivative trading.
Just investigate.
But this seemed such a delicate issue that the cover-up quartet lobbied for immediate suspension of all such investigative activities.
You see, what the CFTC had stumbled across something very big and very dangerous.
During the Congressional hearings, one bought-and-paid for Senator after another took turns grilling and chastising CFTC chair Brooksley Born on what a presumptive, over-reaching and economically damaging thing she was doing by threatening to ‘interfere’ (actually merely investigate) derivative trading.
Senator Phil Gramm (R-Texas) made an especially big ass of himself, as did Senator Richard Lugar (R-Indiana), who could not help nodding and smiling warmly at the testimony of the cover-up quartet.
Most of these Congressional jack-asses did not even know what a derivative was, but there was Alan Greenspan, reassuring them everything was alright, but that the alright would not continue if Brooksley Born was let loose.
That was all that Congress needed.
See that?
Brooksley Born was trying to warn America that the economy was on its way to self-destructing. And it was our very own Congress who was putting her through the wringer for daring to do so.
Our very own Congress was selling America down the river!
In fact, it would later be Congress itself who would pass all the laws further de-regulating the banking industry and guaranteeing this irresponsible behavior when it came to mortgages (for the 'good of the American homeowner', of course). This would eventually lead to the bust.
But back to 1998...
Congress, and more specifically, the Congressional committee had the whole situation sewed up, with the respective committee chairs, under the guidance of the banking lobby, directing the crushing of Brooksley Born and the CFTC.
Congress proceeded to remove the authority of the CFTC from investigating any derivative trading...which was incredible in and of itself.
In effect, Congress had shut down the CFTC and crushed its director on the behest of the banking lobby.
Brooksley Born would resign soon after the thrashing.
The memorable and haunting image of Brooksley Born, a highly trained commodity specialist, simply looking down and smiling in resignation as one congressman after another figuratively breaks a chair over her head is priceless.
She knows the game is up, the congress has been bought, and that the big bosses have taken control, and that America is on course for destruction.
That same year, LTCM (Long Term Capital Management) went under by way of derivative trading.
Greenspan, Rubin, Summers and Levitt again appeared before congress, warning that economic Armageddon was here if the government did not act...to bail out LTCM.
Let me point out Greenspan’s hypocrisy here.
He had always said, and his attacks on Brooksley Born were based on the assumption that the “market regulates itself.” Well, here was a golden opportunity for the market to do so - by doing away with LTCM.
What did Greenspan do?
He went screeching to government for a bailout!
After 4 days, Mr. ‘market-regulates-itself’ Greenspan arranged for the top 14 banks to contribute $400 million each to the Fed bailout fund to rescue LTCM.
That was just the beginning.
Later, with the Bush administration, and its compliant Congress, absoute deregulation mania took hold.
With Bush, derivative trading increased exponentially, and spread to the real estate market.
By 2007, the totally unregulated over-the-counter derivative trading market had grown to $595 trillion (that’s $595 trillions worth of junk!) kept afloat by a continuous river of demand created by the banks funneling the Fed’s easy money.
So there you have the names of the men who helped cover-up the biggest, most corrupt and most destructive (it has destroyed our economy) scandal in our history:
Alan Greenspan (chair of the Federal Reserve)
Robert Rubin ( Secretary of the Treasury)
Arthur Levitt (head of the Security and Exchange Commission (SEC)
…and Larry Summers (deputy secretary of the Treasury and Rubin’s stooge)
Along with the cooperative members of our Congress.
Oh, and one more thing.
Brooksley Born was replaced as head of the CFTC by Rubin’s assistant, (Gary Gensler) who now continues to hold the post under Obama.
…and…
…Larry Summers survived his role in covering up the economic destruction of America to become…
…director of the National Economic Council under Obama!
From here this man continues to make key economic decisions.
In other words, a man responsible for America’s ‘economic armageddon’ under the last administration continued to direct economic policy behind the back of our new 'change' president.
More recently, after making sure the US economy was totally trashed, Larry Summers abandoned the sinking ship of state and went back to Harvard. Who wants to be on deck when the stuff hits the fan, right?
Some ‘change,’ Obama.
REVIEW
What’s important here?
The Federal Reserve, The Treasury Department, the SEC, the CFTC, Congress and probably the President himself (the Treasury, the SEC and the CFTC are all agencies under his supervision) knew what was happening in 1996.
They went out of their way not to listen to the CFTC’s whistle-blowing alert on the unsound state of our economic system, but they collaborated to squash it.
Get it?
Our government knew the economic basis of this country was not sound way back in 1996. They were warned, and could probably see that it was self-destructive system, bound to collapse some time in the not too distant future.
They did not care.
They said ‘we are going to continue on this road.’
In 2008, a full 12 years after our government was informed and abundantly warned that a collapse would happen. It happened.
What the CFTC warned us would happen, happened.
The shame of it all is that our own Congress (especially our congressional committee leaders) itself led the way into silencing and then disempowering the CFTC from doing what it was supposed to do: regulate the commodity and futures market.
This was an incredible instance of the Legislative branch castrating a portion of the Executive…for the worse.
But, I guess the incredible happens when the banking lobby enters the picture.
In other words, we were warned more of a decade before of the economic collapse that would follow if the irresponsible banking practices of the 1990’s were allowed to continue.
And I am sure the CFTC and Brooksley Born were not the only ones giving us warning.
We did not listen. In fact, we killed the messengers.
Do we deserve what we are now going to get or what?
I always held our Legislative branch (Congress) in high esteem. I always thought they would be the branch that would blow the whistle (not kill the whistleblower).
After analyzing this event, I cannot see Congress as more than a branch of the corporate and banking world.
Get it?
These guys are not our representatives, they are their whores. They represent Wall Street directly and will do whatever Wall Street tells them to do, even if it means destroying their very own country.
Congress went out of its way to make sure we continued along the road to doom that we were following. They suddenly developed a form of solidarity and dynamic initiative when it came to shutting down the agency which tried to warn us.
See, Congress is not really a collection of ineffective fuddy duddies. They act quite cunningly and effectively when they get a direct command directly from the masters!
In this case, a direct command to let America destroy itself.
What gets me is the hypocrisy of these people.
They are the first to start pointing the fingers and screaming at Greenspan, AIG, and FreddiMac,when it is THEY, yes THEY who created the laws and deregulations which destroyed this country economically.
It was they who, after having created such laws, destroyed the careers of anyone who opposed them.
Thank you Congress, you bunch of bought and paid for whores.
The key lesson is this:
The PAC/Lobby system is completely broken and has to be done away with before it does away with us, which cannot be too far off.
The funny thing is how they keep threatening economic Armageddon every time we disagree with their policies.
What did Treasury Secretary Rubin tell Congress would happen if they began supervising derivative trading?
Economic Armageddon.
What did Treasury Secretary Paulson tell America would happen if we failed to bail out all the banks?
That’s right, Economic Armageddon.
Well, guess where we’re at guys.
That’s right: ECONOMIC ARMAGEDDON.
The funny thing is we got here by being stampeded by the same people who made sure we would come to this by threatening us with exactly what we would get anyway.
Let’s stop listening to these people.
Oh, but before going, let me just demonstrate to you who is really in charge with a simple list of our 'officials':
Treasury Secretary under Clinton: Robert Rubin (ex-head Goldman & Sachs)
Treasury Secretary under W. Bush: Henry Paulson (ex-head Goldman & Sachs)
Treasury Secretary under Obama: Timothy Geithner, (Rubin’s (Goldman-Sachs’) protégé and undersecretary)
Head of the President’s National Economic Council under Obama: Larry Summers, Rubin’s (Goldman-Sachs) obedient protégé and undersecretary).
See the connection?
Goldman-Sachs and peons of Goldman-Sachs are in charge of the Treasury Department, …and have been since the Clinton Administration.
They engineered the economic collapse of America which has been happening since the Clinton Administration.
Since the Treasury Department is itself in charge of the President’s security through its Secret Service, this makes the President de facto dependent on Goldman-Sachs for his own life.
How else to say it?
The President, along with the Treasury Department, and our entire economy seems to be held hostage by one of the most powerful banking house in the world.
Can you spell o-w-n-e-d, boys and girls?
How’s that for corporate government?
You can see a well documented version of the whole sickening story in the Frontline episode “The Warning” available from PBS.
Labels:
banking,
brooksley born,
bubble,
collapse,
corruption,
derivatives,
economy,
great depression,
politics
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