Posts tagged cartel
The topic of inflation seems to be a difficult one for many to grasp. Many do not follow economic cycles, rising market booms and the predictable busts that follow, fiat currency and the constant devaluation of the US dollar by the privately owned Federal Reserve banking cartel. Understood, as we are too busy to deal with the financial world while busy working 10 hours a day for 7 hours of wage, taking care of a family, keeping the car running, walking the dog and finding the almighty TV remote hidden behind the jumbo sized box of Twinkies (now a collectors item!).
One simple to understand example should at least cover the basics of inflation. Remember, we buy the stuff we need with US printed dollars, which is physically worth nothing, but, okay, backing up. If a farmer grew apples and you fixed cars you could trade your services for the farmers goods, barter, but, backing up.
Bottom line, if you used cats as currency and wanted to purchase a loaf of bread yesterday and then wanted to purchase another loaf tomorrow this is how much cat you would need.
Disclaimer: Prices vary per market location. Cat tolerances are ± 0.5″ length, ± 0.25″ width, adjusted for camera angle and relative humidity per photo. Past drought conditions not factored in for potential wheat damage AFFECTING BREAD PRICES, etc.
Chancellor George Osborne has named Mark Carney, who is the current governor of the Bank of Canada and Chairman of the Financial Stability Board of the G20, has been chosen for governor of the Bank of England and successor to Mervyn King.
In April it was revealed that Carney was being “informally approached as a potential candidate to replace King as head of the central Bank of England in June of 2013.”
Obsorne explained that Carney brings “strong leadership and external experience the Bank needs.” Carney and his leadership in Canada were recognized for having weathered the central banking schemes “better than any other Western country.”
The Bank of England, established 318 years ago, is expected to take a new direction under Carney’s leadership – a suspected necessity for the technocrats to gain stronger hold over the financial markets. There are rumors that the incessant printing of fiat will be curbed because of its inability to stimulate the global economy. This strategic move may also ensure that the City of London can repair its reputation.
Carney’s position as governor of the central Bank of England will last for 8 years; however Carney has indicated that he expects to serve for 5 years and hand over the position in 2018.
Carney appears to be a solid choice, as he has not been tainted by the planned implosion of the global financial market that was the Crash of 2008. He also has a long history with the technocrats. Carney was employed by the Goldman Sachs Group, Inc in the City of London. He also worked at Goldman Sachs locations in Tokyo, New York and Toronto. Carney has a masters and PhD degree from the globalist-funded Oxford University.
Yet Carney’s involvement in the 1998 Russian financial collapse that Goldman Sachs created seems to have escaped the mainstream media’s memory. In response, and to divert attention, Carney used precise coercion to convince the Russian government to become indebted to Goldman Sachs as a saving grace from the devastation that the crash threatened to produce.
Like any good technocratic institution, Goldman Sachs came to the “aid” of the Russian government with loans to the tune of $1.25 billion to be used for purchasing bonds. This scheme was not enough to save the nation, and just like clockwork; the Russian government defaulted and was indebted to Goldman Sachs.
“Legalized Plunder of the American People” – G. Edward Griffin
Published on Oct 2, 2012 by CaseyResearchFAN
To order the complete audio set from the Navigating the Politicized Economy Summit, available in CD and MP3 format, http://bit.ly/2012FallSummit
G. Edward Griffin discusses the Federal Reserve and it’s role in the declining economy at the recently concluded conference, Navigating the Politicized Economy.
To subscribe to the free Casey Daily Dispatch newsletter: http://bit.ly/Caseys_Daily.
Ben Swann Reality Check takes a look at some stunning new accusations by a high ranking member of the Sinaloa Drug Cartel that Fast and Furious was about the U.S. supporting one cartel while attempting to shut down others
By Alex Newman
July 29, 2012
The Central Intelligence Agency’s involvement in drug trafficking is back in the media spotlight after a spokesman for the violence-plagued Mexican state of Chihuahua became the latest high-profile individual to accuse the CIA, which has been linked to narcotics trafficking for decades, of ongoing efforts to “manage the drug trade.” The infamous American spy agency refused to comment.
In a recent interview, Chihuahua state spokesman Guillermo Terrazas Villanueva told Al Jazeera that the CIA and other international “security” outfits “don’t fight drug traffickers.” Instead, Villanueva argued, they try to control and manage the illegal drug market for their own benefit.
“It’s like pest control companies, they only control,” Villanueva told the Qatar-based media outlet last month at his office in Juarez. “If you finish off the pests, you are out of a job. If they finish the drug business, they finish their jobs.”
Another Mexican official, apparently a mid-level officer with Mexico’s equivalent of the U.S. Department of “Homeland Security,” echoed those remarks, saying he knew that the allegations against the CIA were correct based on talks with American agents in Mexico. “It’s true, they want to control it,” the official told Al Jazeera on condition of anonymity.
Credibility issues with employees of the notoriously corrupt Mexican government aside, the latest accusations were hardly earth shattering — the American espionage agency has been implicated in drug trafficking from Afghanistan to Vietnam to Latin America and everywhere in between. Similar allegations of drug running have been made against the CIA for decades by former agents, American officials, lawmakers, investigators, and even drug traffickers themselves.
Some of the most prominent officials to level charges of CIA drug trafficking include the former head of the U.S. Drug Enforcement Administration (DEA), Robert Bonner. During an interview with CBS, Bonner accused the American “intelligence” outfit of unlawfully importing a ton of cocaine into the U.S. in collaboration with the Venezuelan government.
Even the New York Times eventually covered part of the scandal in a piece entitled “Anti-Drug Unit of C.I.A. Sent Ton of Cocaine to U.S. in 1990.” And the agency’s Inspector General, Frederick Hitz, was eventually forced to concede to a congressional committee that the CIA has indeed worked with drug traffickers and obtained a waiver from the Department of Justice in the 1980s allowing it to conceal its contractors’ illicit dealings.
“Steal a little,” wrote Bob Dylan, “they throw you in jail; steal a lot and they make you a king.” These days, he might recraft the line to read: deal a little dope, they throw you in jail; launder the narco billions, they’ll make you apologise to the US Senate.
Two months ago in Washington DC, a poor black man called Edward Dorsey Sr was convicted of peddling 5.5 grams of crack cocaine. Because he was charged before a recent relative amelioration in sentencing, he was given a mandatory 10 years in jail.
Last week, managers from Britain’s biggest bank, HSBC, lined up before the Senate’s permanent sub-committee on investigations – just across the Potomac river from the scene of Dorsey’s crime – to be asked questions such as: “It took three or four years to close a suspicious account. Is there any way that should be allowed to happen?”
The “suspicious account” was that of a “casa de cambio”, a currency exchange house operated in Mexico on behalf of the largest criminal syndicate in the world and one of the most savage, the Sinaloa drug-trafficking cartel. The dealings had been flagged up to HSBC bosses by an anti-money laundering officer, but to no avail – the dirty business continued. “No, senator,” came the reply from a bespectacled Brit called Paul Thurston, chief executive, retail banking and wealth management, HSBC Holdings plc.
The same casa de cambio, called Puebla, was known to be under investigation in another case involving the Wachovia bank during the time HSBC was entertaining its money. US authorities had seized $11m from Wachovia’s Miami office, on the way to securing the biggest settlement in banking history with Wachovia in March 2010, detailed in this newspaper last year.
So what was Obama’s level of involvement in the incident and the cover-up?
You have probably seen the images by now. Athens on fire, the city literally burning as politicians within parliament voted to pass tough austerity measures to meet the demands of the EU and IMF, Greece’s international lenders. This story is about more than just austerity and riots – it’s wealth-extraction amidst economic collapse at work. The Greek economy is in the 5th year of a recession, which is a nice way of saying that it is in a depression. Money supply continues to contract, deposits are being drained and liquidity has dried up. The economy is in a free fall, and there is no bottom in sight. The proposals for recovery through “austerity” are just another way to keep the political system in place for as long as possible with the hope that the elites will be able to ride this storm out and come out the other end richer and more powerful than every before. We break down how exactly that works with Capital Account producer Demetri Kofinas.
And while we’re on the issue of debt, let’s take a look at how the US is dealing with it. US President Barack Obama released his 2013 budget today. While it will be analyzed, touted, and attacked, why should you care, or rather, why should you not care? We’ll tell you. And more economists come out saying the Federal Reserve is making a big mistake if it sticks to keeping interest rates near zero for the next three years. We look at how the Fed got here – it’s evolution into central planner, buyer of junk, war enabler, and firefighter of the economic fires it creates itself. We speak to G. Edward Griffin whose been opposing the Fed since at least the 1960s. G. Edward Griffin is author the bestselling book The Creature from Jekyll Island, which has been recommended by Republican Presidential hopeful Ron Paul on his reading list and which reportedly informed Dr. Paul’s writing on the Fed in his own books on the subject.
Griffin also takes us back in time, and reminds us how the Fed even came to be — the money trust meeting in secret on Jekyll Island in order to draft a cartel agreement that would eventually be known as the “Federal Reserve Act.”
As people clutch their TV remotes as if it was a form of life support we know something is wrong, According to lame stream media it is a shabby collection of force living in a cave 1/2 way around the world that comprise no real military. The threat to our freedom is neither from the left or the right, as both are controlled by the same entity. The threat to freedom is locally based and globally owned. If the passage of NDAA and the actions for CISPA did not wake you up you may be so sound asleep your pulse resembles that of a corpse.
Wondering why the candidate said this and then did that?
- Your only value to most politicians is your vote, bottom line.
- With the same entities controlling both parties you have a false sense of choice when voting, but most results give you the same results.
- Wondering why a change in party creates the same results (war, spending, inflation, etc.) is because both sides are owned and follow the same script.
The enemies best accomplishments:
- Create a fiat currency
- Have a private non-govermental cartel control the fiat currency
- Create a bill to capture individual freedoms and have it ready for deployment
- Create / have / allow an event, “a second Pearl Harbor”, to force the bills passage.
- Follow the UN agendas, such as Agenda 21 and follow the UN and NATO to set policies and defense actions (war)
- Control the masses by controlling the media
- Make massive transfers of wealth
- Destroy the middle class
- Create a socialist state while visually promoting prosperity
- Continue to follow failed political structures of the past in hopes of gratification, control, etc
So I ask, when is the time to set down the remote and push aside the family size box of Twinkies and prove that your ass and the couch are not surgically connected? You already missed yesterday, you have today, and you have no assurance of tomorrow. As always, your thoughts are appreciated.
A few videos for thought, of which there could be hundreds
What would happen if the Federal Reserve was shut down permanently? That is a question that CNBC asked recently, but unfortunately most Americans don’t really think about the Fed much. Most Americans are content with believing that the Federal Reserve is just another stuffy government agency that sets our interest rates and that is watching out for the best interests of the American people. But that is not the case at all. The truth is that the Federal Reserve is a private banking cartel that has been designed to systematically destroy the value of our currency, drain the wealth of the American public and enslave the federal government to perpetually expanding debt. During this election year, the economy is the number one issue that voters are concerned about. But instead of endlessly blaming both political parties, the truth is that most of the blame should be placed at the feet of the Federal Reserve. The Federal Reserve has more power over the performance of the U.S. economy than anyone else does. The Federal Reserve controls the money supply, the Federal Reserve sets the interest rates and the Federal Reserve hands out bailouts to the big banks that absolutely dwarf anything that Congress ever did. If the American people are ever going to learn what is really going on with our economy, then it is absolutely imperative that they get educated about the Federal Reserve.
The following are 10 things that every American should know about the Federal Reserve….
#1 The Federal Reserve System Is A Privately Owned Banking Cartel
The Federal Reserve is not a government agency.
The truth is that it is a privately owned central bank. It is owned by the banks that are members of the Federal Reserve system. We do not know how much of the system each bank owns, because that has never been disclosed to the American people.
The Federal Reserve openly admits that it is privately owned. When it was defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve stated unequivocally in court that it was “not an agency” of the federal government and therefore not subject to the Freedom of Information Act.
In fact, if you want to find out that the Federal Reserve system is owned by the member banks, all you have to do is go to the Federal Reserve website….
The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations–possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.
Foreign governments and foreign banks do own significant ownership interests in the member banks that own the Federal Reserve system. So it would be accurate to say that the Federal Reserve is partially foreign-owned.
But until the exact ownership shares of the Federal Reserve are revealed, we will never know to what extent the Fed is foreign-owned.