Zombie Banks loot taxpayer money
In 2008, capitalist economic terrorists destroyed the American economy through its criminal financial miscreancy. They set up a capitalist-dominated perversion of an economy in which American worker taxes were looted by the very economic criminals that had perpetrated the terrorism.
"The streets and people of New York are devastated for the second time in a decade. This time, the culprits behind the wrecked lives and ruined livelihoods are not foreign extremists, but homegrown. And rather than receive appropriate retribution, the perpetrators receive billions of government dollars for their demolition job."
Tom Engelhardt, "Economic dirty bomb goes off in New York,"
March 26, 2009, Tomdispatch
Cabal capitalists had pulled off a second 9/11 terrorist attack--a financial assault on American workers and the American economy: a repeat of the 1929 economic crash.
There is now a dual system of justice: one for fatcats, who can commit any crime and go scott free, and one for workers, who are imprisoned for the slightest infraction.
"US corporations took in $1.659 trillion in the third quarter [of 2010], breaking records going back 60 years, according to a Commerce Department report. . . On November 30, five days after the Thanksgiving holiday, unemployment benefits will expire for 1.2 million workers due to Congressional inaction. By Christmas and the New Year, this figure will swell to 2 million. The fate of these workers and the several million children who depend on them, tossed out without cash income into the worst job market in seven decades, is of little consequence to the millionaires and multi-millionaires who populate Congress." Source
A new study shows members of Congress saw a boost in personal wealth as the U.S. economy suffered the worst of the economic recession. According to the Center for Responsive Politics, lawmakers' personal wealth increased an average of 16 percent between 2008 and 2009. The number of millionaires rose to 261, nearly half the total members of Congress. The median wealth of a House member topped $765,000, while the average for a senator was more than $2.3 million.
| Vulture capitalism has perpetrated an economic terrorist attack, murdering workers, looting $23.7 trillion, conspiring with other big banks to gobble up the smaller ones, like Lehman Brothers. The Fed prints billions of dollars disquised as "Quantitative Easing." Wall Street fat cats and a bought-and-paid-for Congress put on phony "Congressional investigations" that are nothing more than whitewashes, while the SEC covers up all the bailout looting crimes. J.P. Morgan/Chase's 2010 commodidities manipulation is being covered up by the US Commodities Future Trading Commission. Some Cabal mandarins admit that what they're doing is illegal--that is, economic terrorism.
All this unindicted corruption and criminality is in keeping with their strategy of creating a fantasy reality. The cabal was able to make the 2000 election coup d'etat invisible. The capitalist gang has been able to make the public delusively believe:
- That the invasion and occupation of Iraq was a legitimate war--when it was in reality a for-profit scam of stealing Iraq's oil and restructuring the Middle East
- That the Patriot Act was a necessary way to insure domestic security--when in fact the cabal was viciously attacking Constitutional liberties
- That the "financial meltdown" was merely an accident brought on by bad mortgages and a housing slump that will ultimately be "solved" by giving more billions in tax-payer dollars to cabal financial institutions and fat-cats
| "The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d'état. They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations.|
"The crisis was the coup de grâce: Given virtually free rein over the economy, these same insiders first wrecked the financial world, then cunningly granted themselves nearly unlimited emergency powers to clean up their own mess. And so the gambling-addict leaders of companies like AIG end up not penniless and in jail, but with an Alien-style death grip on the Treasury and the Federal Reserve--'our partners in the government,' as Liddy put it with a shockingly casual matter-of-factness after the most recent bailout.
"If you look at [the economic crisis] in purely Machiavellian terms, what you see is a colossal power grab that threatens to turn the federal government into a kind of giant Enron--a huge, impenetrable black box filled with self-dealing insiders whose scheme is the securing of individual profits at the expense of an ocean of unwitting involuntary shareholders, previously known as taxpayers."
The cabal has been able to keep this 9/11 economic terrorist attack "invisible" because they earlier devastated the minds of U.S. workers through deliberate mis-education, so Americans don't actually see how they're being decimated by economic, political, and social terrorist tactics. They've become literally blind to reality.
Because of this cabal economic terrorist attack, the American and world economy has already collapsed--though few people are able to see the reality--so befuddled by the cabal's Fabulous Financial Fraud are they.
The world economic smashup will ultimately become apparent--because workers' loss of homes, jobs, and retirement--and the hunger of their families--will finally force them to pay attention to their plight. Already, 30% of Americans are living in poverty, with 30 million receiving food stamps. Ultimately, workers can't ignore destitution and starvation. And then, these awakened victims of capitalist terrorism will rise up worldwide against their moneyed overlords and through non-violent means take back their nations, instituting commonwealth governments for the people.
"The Geithner plan is very badly flawed" and "amounts to robbery of the American people."
Nobel Prize-winning economist Joseph Stiglitz, March 2009
Through its current 9/11 economic terrorist attack the demonic cabal intends to destroy the American and world economic system utterly--and the common people with it. They've already seized over $7.4 trillion dollars (as revealed by Bloomberg News), which represents 65% of U.S. gross domestic product (GDP). In the real world--not this fantasy world the cabal has constructed--spending over about 5% of GDP would be disastrous to a genuine economy. This makes it clear that the cabal intends to steal over 100% of GDP, bringing the American and world economy to utter wreckage. Cabal insiders will have seized their billions and from the devastated financial and industrial rubble that remains they'll buy what assets they want for pennies on the dollar.
When such wreckage and desolation occur, it will likely be necessary for the cabal to impose martial law in America, using the military units that have recently been deployed to the U.S. for just this purpose. America will experience precisely what Germany did in the 1930s--runaway inflation and social-political-economic devastation--and a new totally dictatorial regime will be the outcome--again.
Workers worldwide must wake up to how capitalist terrorists are literally destroying them day in and day out. It's often difficult for Americans to believe that their rulers are as ruthless and pitiless as they really are--and hence clearly deserve the name terrorists. It may help to see one of the cabal terrorists in action, in this instance Marie Jana Korbelová, aka Madeliene Albright, 64th American Secretary of State in response to a question about 1990s U.S. economic sanctions against Iraq and the human consequences:Question: "We have heard that half a million children have died. I mean, that's more children than died in Hiroshima. And, you know, is the price worth it?"
Reply: "I think this is a very hard choice, but the price--we think the price is worth it."
Albright is no more barbarous in her behavior and attitudes than any other of her cabal fellow terrorists. Financial terrorism, such as imposing economic sanctions against a nation the junta chooses, is one of their favorite tactics--regardless of human consequences.
Often, people are able to comprehend current events when they see that they're in essence a repeat of earlier occurrences. In this essay, we'll explore the identical features of the 1929 economic crash and the 2008 capitalist terrorist attack on the world economy.
Both in 1929 and again now, people find it difficult to understand that seemingly accidental events--like economic crashes--are in reality planned and orchestrated by totally unscrupulous persons with immense power.
"The Crash was not accidental. It was a carefully contrived occurrence. The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all." Republican Congressman, Louis T. McFadden, Chairman of the House Banking & Currency Committee from 1920 to 1931
|The Planned Crashes of 1929 and 2008
|| Planned Crash of 1929
|| Planned Crash of 2008
The collapses were triggered by encouraging poisonous procedures--buying stocks on margin with inflated currency--and infecting companies with "toxic" instruments.
The purpose of both economic collapses was to create a New World Economic Autarchy.
| The international cabal was dominated|
by Britain but included America, France, and Germany. The Bank of England was headed by Montagu Norman. Benjamin Strong was the head of the U.S. Federal Reserve System.
Charles Rist was head
of the Bank of France. The German International Bankers appointed Hjalmar Schacht as President of the Reichsbank.
The New York stock exchange speculation was deliberately created by Norman and Strong inflating their currencies. When this Wall Street Bubble had reached gargantuan proportions in the autumn of 1929, they deflated the currencies, thus deliberately and consciously imploding the US markets, creating a worldwide economic depression.
In 1930, in the midst of global economic turmoil, the world was made to believe that order could only be restored by creation of the Bank for International Settlements (BIS). It was established by Charles G. Dawes (Vice President under President Calvin Coolidge from 1925-1929), Owen D. Young (founder of RCA and Chairman of General Electric), and Hjalmar Schacht of Germany.
| Beginning in 2005, Cabal financial|
institutions deliberately created toxic instruments such as derivatives, swaps, futures, options, mortgage-backed
securities (MBSs), collateralized debt obligations (CDOs), and structured investment vehicles (SIVs) and then purposely and brutally infected targeted companies worldwide, resulting in a
complete collapse of the world economy.
In the face of financial Armageddon, the cabal's Federal Reserve System, U.S. Treasury Department, and International Monetary Fund are transformed into economic super-powers, able to take $7.4 trillion in tax-payer money and give it to whatever persons or institutions they select, take over failed institutions such as Fanny Mae, Freddy Mac, and AIG, and in general dictate whatever economic actions they deem necessary.
Hail the New World Economic Autarchy!
"The Federal Reserve definitely caused the Great Depression by contracting the amount of currency in circulation by one-third from 1929 to 1933."
Cabal insiders are forewarned so they get out of a collapsing market by selling short or taking their compensation packages and running.
For example, Joseph P. Kennedy (JFK's father) was worth $4 million in 1929. Being forewarned of the impending Crash, he sold short in the stock market. By 1935, his net worth was over $100 million.
| Stanley O'Neal collected $161.5 million when he was forced out as chief executive officer of Merrill Lynch & Co.|
Citigroup chairman and CEO Charles Prince was responsible for the bank's nearly $6 billion write-downs for risky mortgages. But he stopped to collect a $10.4 million bonus on his way out.
| The cabal head honchos select who will be winners and who will be losers.|
In both 1929 and 2008, cabal insiders bought out failed enterprises at pennies on the dollar.
|On September 20, 1929 it became known in the City of London that the Clarence Hatry group, which supposedly had been worth about 24 million pounds, was hopelessly insolvent . . . Hatry . . . had made a secret visit to the Bank of England to appeal to Montagu Norman for financing to allow him to complete a merger with United Steel Company, a UK firm. Norman had adamantly refused Hatry's bid for a bridge loan. By 17 September, when Hatry stock began to fall on the London exchange, Hatry had liabilities of 19 million pounds and assets of 4 million pounds.
The cabal allowed Lehman Brothers to collapse, Washington Mutual to fail and then be taken over by J.P. Morgan Chase, AIG to be taken over by the Fed, and engineered Bank of America's takeover of Merrill Lynch. The Fed pledged a $29 billion line of credit to J.P. Morgan Chase to finance the acquisition of Bear Stearn's asset portfolio. Select banks are receiving $7.4 trillion in tax-payer money.
Citigroup received $249 billion in unrestricted funds.
|"The October 2008 financial meltdown is not the result of a cyclical economic phenomenon. It is the deliberate result of US government policy instrumented through the Treasury and the US Federal Reserve Board.|
"This is the most serious economic crisis in World history.
"The 'bailout' proposed by the US Treasury does not constitute a 'solution' to the crisis. In fact quite the opposite: it is the cause of further collapse. It triggers an unprecedented concentration of wealth, which in turn contributes to widening economic and social inequalities both within and between nations."
The 2011 version of capitalist economic terrorism involves the very financial terrorists responsible for the 2008 economic collapse now exploiting economic crises to pose as saviors and contrive a second bankster coup--with Goldman Sachs stooges now in control of Greece, Italy, and the European Central Bank.The scam is a naked capitalist seizure of power over what used to be sovereign nations. The New American's Alex Newman characterized the ESM as a plan to "foist a massive perpetual bailout machine on eurozone members."
- Greek Prime Minister George Papandreou was replaced with Lucas Papademos, former vice-President of the European Central Bank, visiting Harvard Professor and ex-senior economist at the Boston Federal Reserve. Papandreou and other Greek leaders had hired Goldman Sachs to help hide government debt.
- Italian Prime Ministers Silvio Berlusconi was ousted in favor of Mario Monti, the ultimate globalist stooge: former EU Commissioner, an international advisor for Goldman Sachs, the European Chairman of David Rockefeller's Trilateral Commission, and also a leading member of the Bilderberg Group.
- Installed as President of the European Central Bank and billed as the "savior of Europe" is none other than Mario Draghi--former Vice Chairman of Goldman Sachs International.
Nigel Farage, leader of the UK Independence Party, spells out precisely what is happening in Europe.
"The entire EU debt crisis is nothing less than a flagrant banker coup d'état designed to empower the same financial terrorists who caused the initial collapse in 2008 by suddenly withdrawing huge amounts of credit from the market.
"The crooks who popped the bubble in the first place are now setting themselves up as the heroes who will ride to the rescue to prevent worldwide depression--at the cost of European nation states surrendering control over their economies to unelected EU dictators like Herman Van Rompuy and José Manuel Barroso."
Paul Joseph Watson, "Banker Coup: Goldman Sachs Takes Over Europe--Financial terrorists who caused collapse pose as EU debt crisis saviors," Infowars.com, November 14, 2011
The likely strategy behind the cabal's European operations (led by Goldman Sachs and JP Morgan/Chase) is the destruction of the European Union and the Euro Zone and the imposition of murderous "austerity" measures to destroy the European working class. European Commission President Jose Manuel Barroso has said that if the Euro Zone collapses it will cause an economic crash that would instantly wipe out half of the value of Europe's economy, plunging the continent into a depression as deep as that of the 1930s.
If the European Union and the Euro Zone manage to survive, it may result in a Union and Zone dominated by Germany and France, with cabal henchmen in charge of most or all of the European economies.
Capitalist Economic Terrorism 2012On January 30, 2012, the European Union met in Brussels, resulting in 25 of the 27 member states agreeing to inflict upon their hapless, powerless working class the structure of economic dictatorship leading to the impoverishment and death of European workers through austerity.
The European Central Bank (ECB) was granted additional power to expand its reserves so that bailouts to failing countries can continue. The ECB's primary tool of economic coercion will be the European Stability Mechanism, which becomes effective in July, 2012.
In effect, this capitalist ploy gives cabal members (primarily bankers with ties to Goldman Sachs and JPMorgan/Chase) completely free reign: with no possibility of indictment or conviction for ecomonic crimes, past or future. Here's some of the pact language:"Governors shall enjoy immunity from every form of judicial process [and] be immune from search, requisition, confiscation, expropriation or any other form of seizure, taking or foreclosure by executive, judicial, administrative or legislative action."
In 2012 the cabal continued its insane game of chicken with Iran: sending a naval armada to threaten it, forcing nations to agree to the cabal's economic sanctions against Iran.|
The capitalist junta also perpetrated economic terrorism against European and American taxpayer-workers to try to prop up a moribund dollar and for zombi banks such as Goldmann Sachs to buy European banks for pennies on the dollar.
In this regard, Naomi Klein's book Shock Doctrine represents an attempt to criticize the terrorism of capitalism--and then take it all back by claiming that a nice, cleaned-up, sanitized form of Keynesian capitalism would be an economic utopia.Klein claims that it's not necessary to rid ourselves of the capitalist profit system--that such rejection would represent extremism similar to that which characterizes the doctrinaire free market ideology. Klein recommends returning to so-called Keynesian strategies employed during the post-World War II boom: deficit-spending, intervention, and regulation.
Klein presents, she says, a "challenge to the central and most cherished claim in the official story--that the triumph of deregulated capitalism has been born of freedom, that unfettered markets go hand in hand with democracy." Instead, she claims to "show that this fundamental form of capitalism has consistently been midwifed by the most brutal forms of coercion."
Klein and her ilk are what I call eupho-capitalists, persons who have a vague awareness of the intrinsic corruption and depravity of capitalism, but believe they can clean up the "market system" and save it from its own excesses and excrescences.
The proof that Klein's idea of a sanitized capitalism ultimately doesn't work was provided by Franklin D. Roosevelt's attempt to save capitalism from its Robber-Baron excesses. He put into effect such progressive elements as Social Security, the Glass-Steagall Act, and the Federal Deposit Insurance Corporation. But it wasn't long before the cabal began to dismantle most of what FDR had done and came roaring back with a new type of cannibalistic capitalism.
Scholastics such as Klein live in a fantasy-world in which the American people rule and can therefore select whatever kind of "market-based economy" they want: one "that requires no such brutality and no such ideological purity." In the real world of geopolitical factuality, America is brutally manhandled by a demonic cabal that does what it wants--including the current economic 9/11, part II, terrorist attacks.
Klein recognizes that economic idiots like Milton Friedman and his conservative confreres such as Greenspan, soon changed the economic landscape into the capitalist terrorism nightmare we now suffer. Like so many current daydreamers, Klein has evidently been taken in by the cabal's slick propaganda swindle that President-Elect Obama is a reincarnated FDR or Lincoln come to save the people from the evil Wall Street hippogriffs and create a Keynesian economic New Millennium.
Unfortunately, there are many Americans who suffer from these cabal-induced delusions.
"Barack Husein Obama is a reflection of our collective consciousness. Our (His) ability to navigate to a better place is dependent on our collective will . . . We can not tell Obama what to do but we can energetically influence the outcome. We can elevate the vibration to a higher frequency and picture wholeness. We can usher in a new reality by thinking it into existence." 3
Part of the reason for so stark an essay as this on capitalist terrorism is to help Americans wake up who are now suffering from the post-2008 election hangover of ivory-towered expectations and delusions.
Above all, we must not listen to voices of hopelessness and futility such as Chris Hedges:"How can we restore a civil society? How can we battle back against those who will mobilize hatred to cement into place an American fascism? . . I do not know if we can win this battle. I suspect we cannot. . . It is time to think of resistance in a new way, something that is no longer carried out to reform a system but as an end in itself. . . We must take to the street. We must jam as many wrenches into the corporate system as we can. We must not make it easy for them. But we also must no longer live in self-delusion. This is a battle that will outlive us."A genuine revolutionary leader such as Abraham Lincoln saw clearly the might of the demonic power that opposed him, but he fought against it with every weapon he possessed.
"The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. Corporations have been enthroned, an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its REIGN by working upon the prejudices of the people until the wealth is aggregated in a few hands and the Republic is destroyed." President Abraham Lincoln after
the National Banking Act of 1863 was passed
Our responsibility is to work in every way possible to expose and defeat the terrorist cabal:
- Creating public banks to replace the lethal "Federal" Reserve System and capitalist banking institutions
- Laboring intelligently to institute a true commonwealth polity for the benefit of all members.
First presented: 11/20/08 Last updated: 8/8/2015
1 A United Nations definition of terrorism
The United States code's definition also applies to capitalist terrorism: "(An) act of terrorism means an activity that (A) involves a violent act or an act dangerous to human life that is a violation of the criminal laws of the United States or any State, or that would be a criminal violation if committed within the jurisdiction of the United States or of any state, and (B) appears to be intended (i) to intimidate or coerce a civilian population: (ii) to influence the policy of a government by intimidation or coercion; or (iii) to affect the conduct of a government by assassination or kidnapping."
- 8/8/2015: Current economic terrorism
- 9/4/2014: Central Banks Prevent Economic Reform
- 8/12/2014: Capitalists take two-thirds of 401K retirement
- 4/24/2013: Neo-Keynesians Get It Wrong
- 12/13/2012: QE a Bankster Scam
- 9/29/2012: Economic Terrorism
- 9/20/2012: Lapham: Moderate Voice Finally Sounds Somewhat Radical
- 8/11/2012: Capitalist Murder
- 7/31/2012: Ex-TARP overseer denounces US government cover-up of Wall Street crimes
- 7/7/2012: It's Not Libor Stupid, Big Banks Are the Problem
- 7/4/2012: Libor manipulation scandal engulfs 16 top banks
- 9/8/2011: Capitalists Murder Workers
- 8/24/2011: Fed Gives Banksters $19 Trillion
- 8/10/2011: "Austerity" Killing 100 Million Americans Annually
- 6/29/2011: Resistance to Capitalist Austerity
- 2/28/2011: US Military Pretends Foreign Terrorists Caused 2007/8 Economic Collapse
- 1/22/2011: Obama's Jobs Fraud
- 10/11/10: The Cabal's New Scam: Quantitative Easing
- 3/6/2010: Finance Capitalism Terrorism
- 3/3/2010: Deficit Terrorism
- 1/29/2010: AIG Congressional Hearing Proves There's a Fatcat Cabal
- 1/12/2010: Geithner's Criminal Scam
- William Engdahl on Financial Terrorism
- 10/17/08: Badiou on the Financial Crisis; Of Which Reality is this Crisis the Spectacle?
- Michel Chossudovsky:
- 11/15/08: The Great Depression of the 21st Century: Collapse of the Real Economy
- 11/9/08: "Who are the Architects of Economic Collapse?", Global Research
- 12/27/07: Michel Chossudovsky, "The Post-Bush Regime: A Prognosis," Global Research
- The Subprime Debacle
- Stephen Martin, "Defense Strategies in Economic Warfare," Counterpunch
- Stephen Martin, "Shock and Awe in Economic Warfare," Counterpunch
- Naomi Klein's Pro-Capitalist Shock Doctrine Part I Part II