Iceland banks failIceland’s President Olafur Ragnar Grimsson was interviewed over the weekend at the World Economic Forum in Davos on why Iceland has enjoyed such a strong recovery after it’s complete financial collapse in 2008, while the rest of the Western world struggles with a recovery that has no clothes.
Grimsson gave an EPIC reply to the financial MSM reporter, stating that Iceland’s recovery was due to the primary reason that
‘We were wise enough not to follow the traditional prevailing orthodoxies of the Western financial world in the last 30 years.  We introduced currency controls, we let the banks fail, we provided support for the poor, and we didn’t introduce austerity measures like you’re seeing here in Europe.

When asked whether Iceland’s policy of letting the banks fail would have worked in the rest of Europe, Grimsson replied,
Why are the banks considered to be the holy churches of the modern economy?  Why are private banks not like airlines and tele-communication companies and allowed to go bankrupt if they have been run in an irresponsible way?  The theory that you have to bail-out banks is a theory that you allow bankers enjoy for their own profit their success, and then let ordinary people bear their failure through taxes and austerity. 
People in enlightened democracies are not going to accept that in the long run!

Grimsson’s full EPIC interview is below:

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    • ” They DO have some of the world’s prettiest girls in the world up there.”
      Yes… and some of the longest and coldest nights as well!  😀

    • I think that Gore’s Global warming finally got to those folks. Only half of the country is left and when 50% of the ice melted all the pretty girls lived on that side and are now gone. The uglies are coming in droves to the colonies for facial plastic surgery. The only news after that is those uglies still don’t shave their underarms or legs. So if you are thinking about one of them online dating service that have the Icelandic girls….fellas you just gotta be really careful.

    • Indeed they do AG.  Reminds me of a little book of Russian proverbs I once got as a gift.  One of my favorites was:
      “It is snowing hard and very cold.  The church is near and the tavern far.  But, I shall walk VERY carefully!”.  😉

    • That Bad Ass was Jesus Christ!
      Looky here:

      The following timeline was written by a man named Andrew Hitchcock in

      2006. Many of you may have already read it, but those of you that

      haven’t it is well worth a read. It outlines the strategic moves of

      the ‘Money-Changers’ as Hitchcock refers them as, since 48 B.C. when

      Julius Caesar took it upon himself to take the Bankster’s power over

      the money away.

      We all know what happened to him, and every single other political

      figure who tried to get in their way.

      Some interesting silver references also.

      Set aside some time, though, it’s a long one.

      Enjoy. By the way, Cain works for the money changers…..

      Economists continually try and sell the public the idea that

      recessions or depressions are a natural part of what they call the

      “business cycle”.

      This timeline below will prove that is simply not the case. Recessions

      and depressions only occur because the Central Bankers manipulate the

      money supply, to ensure more and more is in their hands and less and

      less is in the hands of the people.

      Central Bankers developed out of money changers and it is with these

      people we pick the story up in 48 B.C. below.

      48 B.C.

      Julius Caesar took back from the money changers the power to coin

      money and then minted coins for the benefit of all. With this new,

      plentiful supply of money, he established many massive construction

      projects and built great public works. By making money plentiful,

      Caesar won the love of the common people.

      But the money changers hated him for it and this is why Caesar was

      assassinated. Immediately after his assassination came the demise of

      plentiful money in Rome, taxes increased, as did corruption.

      Eventually the Roman money supply was reduced by 90 per cent, which

      resulted in the common people losing their lands and homes.

      30 A.D.

      Jesus Christ in the last year of his life uses physical force to throw

      the money changers out of the temple. This was the only time during

      the the life of his ministry in which he used physical force against


      When Jews came to Jerusalem to pay their Temple tax, they could only

      pay it with a special coin, the half-shekel. This was a half-ounce of

      pure silver, about the size of a quarter. It was the only coin at that

      time which was pure silver and of assured weight, without the image of

      a pagan Emperor, and therefore to the Jews it was the only coin

      acceptable to God.

      Unfortunately these coins were not plentiful, the money changers had

      cornered the market on them, and so they raised the price of them to

      whatever the market could bear. They used their monopoly they had on

      these coins to make exorbitant profits, forcing the Jews to pay

      whatever these money changers demanded.

      Jesus threw the money changers out as their monopoly on these coins

      totally violated the sanctity of God’s house. These money changers

      called for his death days later.


      The money changers had control of Medieval England’s money supply and

      at this time were generally known as goldsmiths. Paper money started

      out and this was simply a receipt you would get after depositing gold

      with a goldsmith, in their safe rooms or vaults. This paper started

      being traded as it was far more convenient than carrying round a lot

      of heavy gold and silver coins.

      Over time, to simplify the process, the receipts were made to the

      bearer, rather than to the individual depositor, making it readily

      transferable without the need for a signature. This also, broke the

      tie to any identifiable deposit of gold.

      Eventually the goldsmiths recognized that only a fraction of

      depositors ever came in and demanded their gold at any one time, so

      they found out how they could cheat on the system. They started to

      issue more receipts than they had gold to back those receipts and no

      one would be any the wiser. They would loan out these receipts which

      were not backed by the gold they had in their depositories and collect

      interest on them.

      This was the birth of the system we know today as Fractional Reserve

      Banking, and like this system of today this meant the goldsmiths were

      able to make astronomical amounts of money by loaning out, what was

      essentially fraudulent receipts, as they were for gold the goldsmiths

      didn’t even possess. As they gradually got more confident they would

      loan out up to 10 times the amount they had in their deposits.

      To simplify how they made money on this, let’s give an example in

      which a goldsmith charges the same rate of interest to creditors and

      debtors. In this example a goldsmith would pay interest of 6% on gold

      you had deposited with them, and then charge 6% interest on money, I

      mean fraudulent receipts, you borrowed from them. As they would lend

      out ten times what you had deposited with them, whilst they’re paying

      you 6% interest, they are making 60% interest. This is on your gold.

      The goldsmiths also discovered that their control of this fraudulent

      money supply gave them control over the economy and the assets of the

      people. They exacted their control by rowing the economy between easy

      money and tight money.

      The way they did this was to make money easy to borrow and therefore

      increase the amount of money in circulation, then suddenly tighten the

      money supply, taking it out of circulation by making loans more

      difficult to get or stopping offering them altogether.

      Why did they do this? Simple, because the result would be a certain

      percentage of the people being unable to repay their previous loans,

      and not having the facility to take out new ones, so they would go

      bankrupt and be forced to sell their assets to the goldsmiths for

      literally pennies on the dollar.

      This is exactly what happens in the world economy of today, but is

      referred to with words like, “the business cycle,” “boom and bust,”

      “recession,” and “depression,” in order to confuse the population of

      the money changers scam.


      King Henry I succeeds King William II to the throne of England. During

      his reign he decided to take the power the money changers had over the

      people, and he did this by creating a completely new form of money

      that took the form of a stick! This stick was called, a “talley

      stick,” and ended up being the longest lasting form of currency,

      lasting 726 years until 1826 (even though other currencies came and

      went in that same period and ran alongside the talley sticks).

      The talley stick was a stick of polished wood into which notches were

      cut along one side, to indicate the denomination of money the stick

      represented. The stick was then split lengthwise through the notches,

      so that both pieces had a record of the notches. The King kept one

      half to protect against counterfeiting and the other half was spent

      into the economy and circulated as money.

      It was also one of the most successful money systems in history, as

      the King demanded that all the King’s taxes had to be paid in, “talley

      sticks,” so this increased their circulation and acceptance as a

      legitimate form of money. This system would work well in keeping the

      power away from the money changers in England.


      St. Thomas Aquinas is born, the leading theologian of the Catholic

      Church who argued that the charging of interest is wrong because it

      applies to “double charging,” charging for both the money and the use

      of the money.

      This concept followed the teachings of Aristotle that taught the

      purpose of money was to serve the members of society and to facilitate

      the exchange of goods needed to lead a virtuous life. Interest was

      contrary to reason and justice because it put an unnecessary burden on

      the use of money.

      Thus, Church law in Middle Ages Europe forbade the charging of

      interest on loans and even made it a crime called, “usury.”


      King Henry VIII succeeds King Henry VII to the throne in England.

      During his reign he relaxed the laws regarding usury, and and the

      money changers did not waste any time in re-asserting themselves over

      the population. They quickly made their gold and silver coin system

      plentiful again. It is interesting to note that under King Henry VIII

      the Church of England separated from Roman Catholicism, whose Church

      law prevented the charging of interest on money.


      Queen Mary I succeeds Lady Jane Grey’s nine day reign to the throne in

      England. During her reign, Queen Mary I, a staunch Catholic, tightened

      the usury laws again. The money changers were not amused and in

      revenge they tightened the money supply by hoarding gold and silver

      coins and causing the economy to plummet.


      Queen Elizabeth I succeeds Queen Mary I, her half sister, to the

      throne in England. During her reign, Queen Elizabeth I decided that in

      order to wrest control of the money supply she would have to issue her

      own gold and silver coins. She did this through the public treasury

      and successfully took control of the money supply from the money



      The money changers in the Netherlands establish the the first central

      bank in history, in Amsterdam.


      Oliver Cromwell is financed by the money changers for the purposes of

      fomenting a revolution in England, and allowing them to take control

      of the money system again. After much bloodshed, Cromwell finally

      purges the parliament, overthrows King Charles I and puts him to death

      in 1649.

      The money changers immediately consolidate their power and for the

      next few decades plunge Great Britain into a costly series of wars.

      They also take over a square mile of property in the center of London

      which becomes known as the City of London.


      The money changers in England following a series of squabbles with the

      Stuart Kings, Charles II (1660 – 1685) and James II (1685 – 1688),

      conspire with their far more successful money changing counterparts in

      the Netherlands, who had already set up a central bank there.

      They decide to finance an invasion by William of Orange of Netherlands

      who they sound out and establish will be more favorable to them. The

      invasion is successful and William of Orange ascends to the throne in

      England as King William III in 1689.


      Following a costly series of wars over the last 50 years, English

      Government officials go, cap in hand, to the money changers for loans

      necessary to pursue their political purposes. The money changers agree

      to solve this problem in exchange for a government sanctioned

      privately owned bank which could issue money created out of nothing.

      This was deceptively named the, “Bank of England,” for the sole

      purpose of duping the general public into believing it was part of the

      government, which it was not.

      Like any other private corporation the Bank of England sold shares to

      get started. The private investors, whose names were never revealed,

      were supposed to put up £1,250,000 in gold coins to buy their shares

      in the bank, but only £750,000 was ever received. Despite that the

      bank was duly chartered and began loaning out several times the money

      it supposedly had in reserves, all at interest.

      Although the Bank of England’s private investors were never revealed,

      one of the Directors, William Paterson, stated,

      “The Bank hath benefit of interest on all monies which it creates out

      of nothing.”

      Furthermore the Bank of England would loan government officials as

      much of the new currency as they wanted, as long as they secured the

      debt by direct taxation of the British people. The Bank of England

      amounted to nothing less than the legal counterfeiting of a national

      currency for private gain, and thus any country that would fall under

      the control of a private bank would amount to nothing more than a


      Soon after the Bank of England was formed it attacked the talley stick

      system, as it was money outside of the power of the money changers,

      just as King Henry I had intended it to be.


      Following four years of the Bank of England, their plan to control the

      money supply had come on in leaps and bounds. They had flooded the

      country with so much money that the Government debt to the Bank had

      grown from the initial £1,250,000, to £16,000,000, in only four years.

      That’s an increase of 1,280%.

      Why do they do it? Simple, if the money in circulation in a country is

      £5,000,000, and a central bank is set up and prints another

      £15,000,000, stage one of the plan, sends it out into the economy

      through loans etc, than this will reduce the value of the initial

      £5,000,000 in circulation before the bank was formed. This is because

      the initial £5,000,000 is now only 25% of the economy. It will also

      give the bank control of 75% of the money in circulation with the

      £15,000,000 they sent out into the economy.

      This also causes inflation which is the reduction in worth of money

      borne by the common person, due to the economy being flooded with too

      much money, an economy which the Central Bank are responsible for. As

      the common person’s money is worth less, he has to go to the bank to

      get a loan to help run his business etc, and when the Central Bank are

      satisfied there are enough people with debt out there, the bank will

      tighten the supply of money by not offering loans. This is stage two

      of the plan.

      Stage three, is sitting back and waiting for the debtors to them to go

      bankrupt, allowing the bank to then seize from them real wealth,

      businesses and property etc, for pennies on the dollar. Inflation

      never effects a central bank in fact they are the only group who can

      benefit from it, as if they are ever short of money they can simply

      print more.


      Benjamin Franklin travels to England and would spend the next 18 years

      of his life there until just before the start of the American



      Mayer Amschel Bauer changes him name to Mayer Amschel Rothschild and

      sets up the, House Of Rothschild, and soon learns that if he loans out

      money to Governments and Royalty then this is far more profitable than

      loaning to individuals. This is because the loans made are bigger and

      backed by their nations’ taxes. He trains his five sons in the art of

      money creation.


      Benjamin Franklin is asked by officials of the Bank of England to

      explain the prosperity of the colonies in America. He replies,

      “That is simple. In the Colonies we issue our own money. It is called

      Colonial Scrip. We issue it in proper proportion to the demands of

      trade and industry to make the products pass easily from the producers

      to the consumers. In this manner creating for ourselves our own paper

      money, we control its purchasing power, and we have no interest to pay

      no one.”

      As a result of Franklin’s statement, the British Parliament hurriedly

      passed the Currency Act of 1764. This prohibited colonial officials

      from issuing their own money and ordered them to pay all future taxes

      in gold or silver coins. Referring to after this act was passed,

      Franklin would state the following in his autobiography,

      “In one year, the conditions were so reversed that the era of

      prosperity ended, and a depression set in, to such an extent that the

      streets of the colonies were filled with the unemployed…The colonies

      would gladly have borne the little tax on tea and other matters had it

      not been that England took away from the colonies their money which

      created unemployment and dissatisfaction.

      The viability of the colonists to get power to issue their own money

      permanently out of the hands of King George III and the international

      bankers was the prime reason for the revolutionary war.”

      Control of America’s money system will change hands 8 times since 1764.


      April 19th, start of the revolutionary war in Lexington,

      Massachusetts. By this time the colonies had been drained of silver

      and gold coins as a result of British taxation. As a result of this,

      the continental government had no choice but to print money to finance

      the war.

      At the start of the revolution the American money supply stood at

      $12,000,000. By the end of the war it was nearly $500,000,000 and as a

      result the currency was virtually worthless. An example of this is

      that a pair of shoes now sold for $5,000 dollars. This also shows the

      danger of printing too much money. The reason Colonial Scrip had

      worked was because just enough was used to facilitate trade.


      Towards the end of the American Revolution the Continental Congress

      were desperate for money, so they allowed Robert Morris, their

      Financial Superintendent, to open a privately owned central bank, in

      the hope this would sort out the money problem.

      Morris was a wealthy man who had grown wealthier during the revolution

      by trading in war materials. This first central bank in America was

      called the Bank of North America, which was set up with a four year

      charter, and was closely modeled after the Bank of England. It was

      allowed to practice the fraudulent system of fractional reserve

      banking, so it could create money it didn’t have, then charge interest

      on it.

      The bank’s charter called for private investors to put up $400,000 of

      initial capital, which Morris found himself unable to raise.

      Nevertheless he unashamedly used his political influence to have gold

      deposited in the bank, which had been loaned to America by France.

      Morris then loaned the money he needed to buy this bank from this

      deposit of gold that belonged to the government, or rather the

      American people.

      This Bank of North America, again deceptively named so the common

      people would believe it was under the control of the government, was

      given a monopoly over the national currency.


      Despite the promises of Robert Morris that his privately owned Bank of

      North America would solve the problem with the money supply, of course

      the economy continued to plummet, forcing the Continental Congress not

      to renew the bank’s charter. The leader of the effort to kill this

      bank was William Findlay of Pennsylvania, who stated,

      “This institution, having no principle but that of avarice, will never

      be varied in its objective…to engross all the wealth, power and

      influence of the state.”

      Mayer Amschel Rothschild moves his family home to a five storey home

      in Frankfurt, Germany, which he shares with the Schiff family, (a

      descendant of both Rothschild and Schiff, Jacob Schiff, who would be

      born in this house, would, some 128 years later, be instrumental in

      the setting up of the Federal Reserve).


      Colonial leaders assemble in Philadelphia to replace the Articles of

      Confederation with the Constitution. Governor Morris headed the final

      draft of the Constitution and he knew the motivation of the bankers

      well as he had once worked for them. Governor Morris along with his

      former boss Robert Morris, and Alexander Hamilton had presented the

      original plan for the Bank of North America to the Continental

      Congress, in the final year of the Revolution.

      Fortunately Governor Morris by this time had discovered his

      conscience, defected from Robert Morris, and in a letter to James

      Madison dated July 2nd of this year he stated,

      “The rich will strive to establish their dominion and enslave the

      rest. They always did. They always will…They will have the same

      effect here as elsewhere, if we do not, by the power of government,

      keep them in their proper spheres.”

      James Madison was opposed to a privately owned central bank after

      seeing the exploitation of the people by the Bank of England. Thomas

      Jefferson was also against it, and Jefferson later made the following


      “If the American people ever allow private banks to control the issue

      of their currency, first by inflation, then by deflation, the banks

      and the corporations which grow up around them will deprive the people

      of all property until their children wake up homeless on the continent

      their fathers conquered.”

      Sadly the words of wisdom of Governor Morris and Thomas Jefferson fell

      on deaf ears. Alexander Hamilton, Robert Morris and Thomas Wyling,

      convinced the the bulk of the delegates to this Constitutional

      convention, not to give Congress the power to issue paper money.

      They were aware that most of these delegates were still reeling from

      the wild inflation of the paper money during the revolution. These

      delegates also had short memories and didn’t remember how well

      Colonial Scrip had worked before the war, or Benjamin Franklin’s words

      of wisdom in 1764.

      As a result the Constitution was silent on the issue of paper money by

      the Government for the citizens, leaving a wide open door for money

      changers in the future.


      Less than 3 years after the Constitution had been signed, the newly

      appointed First Secretary of the Treasury, Alexander Hamilton,

      proposed a bill to the Congress calling for a new privately owned

      central bank. Interestingly, Alexander Hamilton’s first job after

      graduating from law school in 1782 was as an aide to Robert Morris, a

      man who he had written to in 1781 stating, “a national debt if it is

      not excessive will be to us a national blessing.”


      The three main players behind the Bank Of North America were: Robert

      Morris; Alexander Hamilton; and the Bank’s President, Thomas Willing.

      These men did not give up and Alexander Hamilton, now Secretary of the

      Treasury, a man who described Robert Morris as his, “mentor,” managed

      to get a new privately owned central bank through the new Congress.

      This new bank was called the, “First Bank of the United States,” and

      was exactly the same as the Bank of North America. Robert Morris

      controlled it, Thomas Willing was the Bank’s President, only the name

      had changed.

      This bank came into being after a year of intense debate and was given

      a 20 year charter. It was given a monopoly on printing United States

      currency even though 80% of it’s stock was held by private investors.

      The other 20% was purchased by the United States government, but this

      was not to give it a piece if the action, but to provide the capital

      for the private investors to purchase the other 80%.

      As with the Bank of England and the old Bank of North America, these

      private investors never paid the full agreed amount for their shares.

      What happened was through the fraudulent system of fractional reserve

      banking, the government’s 20% stake which was $2,000,000 in cash, was

      used to make loans to its private investors to purchase the other 80%

      stake, £8,000,000, for this risk free investment.

      Again like the Bank of England and the old Bank of North America, the

      name, “First Bank of the United States,” was deliberately chosen to

      hide from the common people the fact that it was privately owned. The

      names of the investors in this bank were never revealed, although it

      is now widely believed that the Rothschilds were behind it.

      Interestingly in 1790 when Alexander Hamilton proposed this bank in

      Congress, Mayer Amschel Rothschild made the following statement from

      his bank in Frankfurt, Germany, “Let me issue and control a nation’s

      money and I care not who writes the laws.”


      The First Bank of the United States has been controlling the American

      money supply for 5 years. During this time the American Government has

      borrowed $8,200,000 from this Central Bank, and prices in the country

      have increased by 72%. In relation to this, Thomas Jefferson, then

      Secretary of State stated,

      “I wish it were possible to obtain a single amendment to our

      constitution taking from the Federal Government their power of



      Mayer Amschel Rothschild sends his son, Nathan, at the age of 21, to

      England with a sum of money equivalent to £20,000, to set up a money

      changers there.


      In France, the Bank of France was set up. However Napoleon decided

      France had to break free of the debt and he therefore never trusted

      this bank. He declared that when a government is dependent on bankers

      for money, it is the bankers and not the government leaders that are

      in control. He stated,

      “The hand that gives is among the hand that takes. Money has no

      motherland, financiers are without patriotism and without decency,

      their sole object is gain.”


      Now President, Thomas Jefferson, President Jefferson struck a deal

      with Napoleon in France. The United States would give Napoleon

      $3,000,000 of gold in exchange for a huge chunk of territory west of

      the Mississippi River. This was called the Louisiana purchase.

      Napoleon used this gold to put together an army. He then used this

      army to set off across Europe where he began to conquer everything in

      his path. The Bank of England quickly rose to oppose Napoleon and

      financed every nation in his path, as usual profiteering from war.

      Prussia, Austria, and then finally Russia all went heavily into debt

      in a futile attempt to stop Napoleon.


      30 year old Nathan Rothschild, head of the English branch of the

      family in London, personally takes charge of a plan to smuggle a much

      needed shipment of gold through France to Spain to finance an attack

      by the Duke Of Wellington on Napoleon, from there.


      A bill was put before Congress to renew the charter of the First Bank

      of the United States. The legislatures of both Pennsylvania and

      Virginia pass resolutions asking Congress to kill the bank. The

      national press openly attack the bank calling it: a great swindle; a

      vulture; a viper; and a cobra.

      Nathan Rothschild gets in on the act and makes the following revealing

      statement as to who was really behind the First Bank of the United


      “Either the application for renewal of the charter is granted, or the

      United States will find itself involved in a most disastrous war.”

      When the smoke had cleared the renewal bill was cleared by a single

      vote in the house and was deadlocked in the Senate. At this point

      America’s fourth President, President James Madison was in the White

      House. He was a staunch opponent of the bank and he sent his

      Vice-President, George Clinton, to break a tie in the Senate which

      killed the bank.


      As promised by Nathan Rothschild, because the charter for the First

      Bank of the United States is not renewed, thousands have to die and

      the British attack America. However, as the British are still busy

      fighting Napoleon, they are unable to mount much of an assault and the

      war ends in 1814 with America undefeated.


      Wellington’s attacks from the South and other defeats eventually

      forced Napoleon to abdicate and Louis XVIII is crowned King. Napoleon

      is exiled to the tiny island of Elba, off the coast of Italy.


      Napoleon escapes his exile and returns to Paris. French troops were

      sent to capture him, but he uses his charisma to convince these

      soldiers to rally round him, and they subsequently hail him as their

      emperor once again. In March, Napoleon assembles an army which

      England’s Duke of Wellington defeated less than 90 days later at


      Even though the outcome is predetermined, these bankers don’t like to

      take any sort of risk, they’re too used to a monopoly. Therefore

      Nathan Rothschild sent a trusted courier named Rothworth to Waterloo

      where he stayed on the edge of the battlefield. Once the battle was

      decided, Rothworth took off for the Channel, and delivered the news of

      Wellington’s victory to Nathan Rothschild a full 24 hours before

      Wellington’s own courier.

      Nathan Rothschild hurried to the London Stock market and stood in his

      usual position. All eyes were on him as Rothschild had a legendary

      communications network. Rothschild stood there looking forlorn and

      suddenly started selling. The other traders believed that this meant

      he had heard that Napoleon had won so they all started selling


      The market subsequently plummeted, soon everyone was selling their

      consuls (British Government Bonds), but then Rothschild secretly

      started buying them all up through his agents on the floor, for a

      fraction of what they were worth only hours before. A lot of these

      consuls were able to be converted to Bank of England stock, which is

      how Rothschild took over the control of the Bank of England and

      therefore the British money supply.

      Interestingly, 100 years later, the New York Times ran a story stating

      that Nathan Rothschild’s grandson had attempted to secure a court

      order to suppress a book with this, what we would call today, “insider

      trading,” story in it. The Rothschild family claimed the story was

      untrue and libelous, but the court denied the Rothschilds request and

      ordered the family to pay all court costs.

      Nathan Rothschild openly brags that in his 17 years in England he had

      increased his initial £20,000 stake given to him by his father, 2500

      times to £50,000,000.

      Some people ask, why do bankers want war? Simple, bankers finance both

      sides in a war. They do this because war is the biggest debt generator

      of them all. A nation will borrow any amount for victory, even though

      the banks have already predetermined the outcome. The ultimate loser

      is loaned just enough money to hold out a vain hope of victory and the

      ultimate winner is given enough to ensure that he does win.

      How do the banks ensure they will get all their money back? Easy, such

      loans are given on the guarantee that the victor will honor the debts

      of the vanquished. Never mind the thousands of troops that give their

      lives on the pretext it is for the honor of their respective nations,

      when it is actually for the profits of bankers.

      In fact, during the period between the founding of the Bank of England

      in 1694 and Napoleon’s defeat at Waterloo this year, England had been

      at war for 56 years, with much of the remaining time spent preparing

      for war. If it’s a good business for bankers’ profits, then why change



      The American Congress passes a bill permitting yet another privately

      owned central bank. This bank was called the, “Second Bank of the

      United States,” and it’s charter was a carbon copy of that of its

      predecessor, the First Bank of the United States. The United States

      government would once again supposedly own 20% of the shares of the


      Their share was again paid up front into the bank and thanks to

      fraudulent fractional reserve lending, this was transformed into loans

      to the private investors who once again purchased the remaining 80% of

      the shares. Just as before the names of these investors was kept a



      The talley stick is taken out of circulation in England.


      After 12 years during which the Second Bank of the United State

      ruthlessly manipulated the American economy to the detriment of the

      people but to the benefit of their own money grabbing ends, the

      American people had unsurprisingly had enough. Opponents of this bank

      nominated Senator Andrew Jackson of Tennessee to run for President.

      To the dismay of the money changers, Jackson won the Presidency and

      made it quite clear he intended to kill this bank at his first

      opportunity. He started out during his first term in office, to root

      out the banks many minions from government service. To illustrate how

      deep this cancer was rooted in government, he fired 2,000 of the

      11,000 employees of the Federal Government.


      The Second Bank of the United States, ask Congress to pass a renewal

      of the bank’s charter, four years early. Congress complied and sent

      the bill to President Jackson for signing. President Jackson vetoed

      this bill and in his veto message he stated the following,

      “It is not our own citizens only who are to receive the bounty of our

      Government. More than eight millions of the stock of the Bank are held

      by foreigners…Is there no danger to out liberty and independence in

      a bank that in its nature has so little to bind it to our country?

      Controlling our currency, receiving our public moneys, and holding

      thousands of our citizens in dependence …would be more formidable

      and dangerous than a military power of the enemy. If government would

      confine itself to equal protection, and, as Heaven does its rains,

      shower the favor alike on the high and the low, the rich and the poor,

      it would be an unqualified blessing.

      In the act before me there seems to be wide and unnecessary departure

      from these just principles.”

      In July, Congress was unable to override President Jackson’s veto.

      President Jackson then stood for re-election and for the first time in

      American history he took his argument directly to the people by taking

      his re-election campaign on the road. His campaign slogan was,

      “Jackson And No Bank

      Milton Friedman would also state,

      “I know of no severe depression, in any country or any time that was

      not accompanied by a sharp decline in the stock of money, and equally

      of no sharp decline in the stock of money that was not accompanied by

      a severe depression.”


      Sir Josiah Stamp, director of the Bank of England during the years

      1928-1941, made the following statement with regard to banking,

      “The modern banking system manufactures money out of nothing. The

      process is perhaps the most astounding piece of sleight of hand that

      was ever invented. Banking was conceived in iniquity and born in sin.

      Bankers own the Earth. Take it away from them, but leave them the

      power to create money, and with the flick of the pen they will create

      enough money to buy it back again…

      Take this great power away from them and all great fortunes like mine

      will disappear, and they ought to disappear, for then this would be a

      better and happier world to live in. But if you want to continue to be

      slaves of the banks and pay the cost of your own slavery, then let

      bankers continue to create money and control credit.”


      The United States income is running at 183 billion dollars, yet 103

      billion dollars is being spent on World War II. This was thirty times

      the spending rate during World War I. Actually, it was the American

      taxpayer that picked up 55% of the total allied cost of the war.

      In Bretton Woods, New Hampshire, the International Monetary Fund

      (IMF), and the World Bank (initially called the International Bank for

      Reconstruction and Development or IBRD – the name, “World Bank,” was

      not actually adopted until 1975), were approved with full United

      States participation.

      The principal architects of the Bretton Woods system, and hence the

      IMF, were Harry Dexter White and John Maynard Keynes. Interestingly

      Harry Dexter White who died in 1946, was identified as a Soviet spy

      whose code name was, “Jurist,” on October 16, 1950, in an FBI memo.

      Also, John Maynard Keynes was a British citizen.

      What these two bodies essentially did, was repeat on a world scale

      what the National Banking Act of 1864, and the Federal Reserve Act of

      1913 had established in the United States. They created a banking

      cartel comprising the world’s privately owned central banks, which

      gradually assumed the power to dictate credit policies to the banks of

      all nations.

      In the same way the Federal Reserve Act authorized the creation of a

      new national fiat currency called, Federal Reserve Notes, the IMF has

      been given the authority to issue a world fiat money called, “Special

      Drawing Rights,” or SDR’s. Member nations were subsequently pressured

      into making their currencies fully exchangeable for SDR’s.

      The IMF is controlled by its board of governors, which are either the

      heads of different central banks, or the heads of the various national

      treasury departments who are dominated by their central banks. Also,

      the voting power in the IMF gives the United States and the United

      Kingdom (the Federal Reserve and the Bank of England), effective

      control of it.


      The second, “League Of Nations,” now renamed the, “United Nations,”

      was approved. The bankers, World War II, had been a success this time

      as a result of the physical, emotional, and mental exhaustion the

      world had felt after yet another World War. This blueprint for world

      government would soon have its own international court system as well.


      The Bank of England was nationalized, which might seem at first sight

      to be a far reaching measure, but actually made little difference in

      practice. Yes, the state did acquire all the shares in the Bank of

      England, they now belong to the Treasury and are held in trust by the

      Treasury Solicitor.

      However, the government had no money to pay for the shares, so instead

      of receiving money for their shares, the shareholders were issued with

      government stocks. Although the state now received the operating

      profits of the bank, this was offset by the fact that the government

      now had to pay interest on the new stocks it had issued to pay for the


      So, although the Bank of England is now state-owned, the fact is that

      the British money supply is once again almost entirely in private

      hands, with 97% of it being in the form of interest bearing loans of

      one sort or another, created by private commercial banks.

      As a result of this, the bank is largely controlled and run by those

      from the world of commercial banking and conventional economics. The

      members of the Court of Directors, who set policy and oversee its

      functions, are drawn almost entirely from the world of banks,

      insurance, economists and big business.

      Although the Bank of England is called a central bank it is now

      essentially a regulatory body that supports and oversees the existing

      system. It is sometimes referred to as “the lender of last resort,” in

      so far as one of its functions as the bankers’ bank is to support any

      bank or financial institution that gets into difficulties and suffers

      a run on its liquid assets.

      Interestingly, in these circumstances, it is not obliged to disclose

      details of any such measures, the reason being so as to avoid a crisis

      in confidence.


      Every nation involved in World War II greatly multiplied their debt.

      Between 1940 and 1950, United States Federal Debt went from 43 billion

      dollars to 257 billion dollars, a 598% increase. During that same

      period Japanese debt increased by 1,348%, French debt increased by

      583%, and Canadian debt increased by 417%.

      James Paul Warburg appearing before the Senate on 7th February states,

      “We shall have World Government, whether or not we like it. The only

      question is whether World Government will be achieved by conquest or


      This is when the central bankers got to work on their plan for global

      government which started with a three step plan to centralize the

      economic systems of the entire world. These steps were:

      Central Bank domination of national economies worldwide.

      Centralized regional economies through super states such as the

      European Union, and regional trade unions such as NAFTA.

      Centralize the World Economy through a World Central Bank, a world

      money, and ending national independence through the abolition of all

      tariffs by treaties like GATT.


      President Eisenhower orders an audit of Fort Knox. Fort Knox is found

      to contain over 700 million ounces of gold, 70% of all the gold in the

      world. Although Federal Law requires an annual physical audit of Fort

      Knox’s gold, it is under Eisenhower’s presidency that the last audit

      is carried out, for reasons that will soon become clear.


      President Kennedy issues dollar bills carrying a red seal, and called

      United States Note. A lot of people believe he was already printing

      his own debt free money and that is why he was killed, in much the

      same way as President Lincoln. However, these United States Notes

      carrying the red seal were merely a reissue of the Greenbacks

      introduced by President Lincoln.

      What could have been motive though, is that on June 4, President

      Kennedy signed Executive Order No. 11110 that returned to the United

      States government the power to issue currency, without going through

      the Federal Reserve. This order gave the Treasury the power to issue

      silver certificates against any silver bullion, silver, or standard

      silver dollars in the Treasury. This meant that for every ounce of

      silver in the United States Treasury’s vault, the government could

      introduce new debt free money into circulation.


      Congressman Wright Patman, then the Chairman Of The House Banking And

      Currency Committee, stated in Congress,

      “In the United States today, we have in effect two governments…We

      have the duly constituted government…Then we have an independent,

      uncontrolled and uncoordinated government in the Federal Reserve

      System, operating the money powers which are reserved to Congress by

      the Constitution.”


      Congress approves laws authorizing the Federal Reserve to accept the

      IMF’s, “SDR’s,” as reserves in the United States and to issue Federal

      Reserve Notes in exchange for SDR’s.


      All the pure gold had been secretly moved from Fort Knox, sold to

      international money changers for the $35 per ounce price, and is

      believed to now be kept in London. This is also when President Nixon

      repeals Roosevelt’s Gold Reserve Act of 1934, allowing Americans to

      once again buy gold. As a result of this gold prices began to soar. In

      fact, 9 years later, in 1980 gold sold for $880 per ounce, a

      staggering 25 times what the gold in Fort Knox was sold to the

      international bankers for.


      A New York periodical publishes an article claiming that the

      Rockefeller family were manipulating the Federal Reserve for the

      purpose of selling off Fort Knox gold at bargain basement prices to

      anonymous European speculators. 3 days after the publication of this

      story, its anonymous source, long time secretary to Nelson

      Rockefeller, Louise Auchincloss Boyer, mysteriously fell to her death

      from the window of her ten storey apartment block in New York.


      Edith Roosevelt, the grand-daughter of President Theodore Roosevelt

      questioned the actions of the government in a March 1975 edition of

      the New Hampshire Sunday News, in which she stated,

      “Allegations of missing gold from our Fort Knox vaults are being

      widely discussed in European financial circles. But what is puzzling

      is that the Administration is not hastening to demonstrate

      conclusively that there is no cause for concern over our gold

      treasure, if indeed it is in a position to do so.”

      The United States government still did not undertake an audit of the

      gold in Fort Knox to quell this speculation.


      When President Ronald Reagan took office, his conservative friends

      suggested to him that he return to a gold standard, as a means to

      curbing government spending. President Reagan was on board with this

      idea and so he appointed a group of men called the, “Gold Commission,”

      to undertake a feasibility study and report their findings back to



      President Reagan’s, “Gold Commission,” reports back to Congress and

      makes the following shocking statement concerning gold,

      “The U. S. Treasury owned no gold at all. All the gold that was left

      in Fort Knox was now owned by the Federal Reserve, a group of private

      bankers, as collateral against the National Debt.”


      In order that Ecuador’s government be allowed a loan of 1.5 billion

      dollars from the IMF, they were forced to take over the unpaid private

      debts Ecuador’s elite owed to private banks. Furthermore in order to

      ensure Ecuador could pay back this loan, the IMF dictated price hikes

      in electricity and other utilities. When that didn’t give the IMF

      enough cash they ordered Ecuador to sack 120,000 workers.

      Ecuador were required to do a variety of things under a timetable

      imposed by the IMF. These included: raising the price of cooking gas

      by 80% by November 1 2000; transferring the ownership of its biggest

      water system to foreign operators; granting British Petroleum the

      rights to build and own an oil pipeline over the Andes; and

      eliminating the jobs of more workers and reducing the wages of those

      remaining by 50%.


      In order to illustrate that the great majority of money is not even

      printed these days, please see the following speech by the late Lord

      Beswick which appeared in HANSARD, 27th November 1985, vol. 468,

      columns 935-939, under the title, “Money Supply and the Private

      Banking System,” which states,

      “Lord Beswick rose to call attention to the statement made by the

      Chancellor of the Duchy of Lancaster on 23rd July 1985 that the 96.9

      per cent increase in money supply over a five-year period has been

      created by the private banking system and without Government


      The noble Lord said, ‘My Lords, on 10th June this year I asked Her

      Majesty’s Government by what amount the money supply had increased in

      the five-year period to mid-April 1985. Interestingly, they gave me

      the answer in percentages and not in pounds. Having given him prior

      notice, perhaps the Minister would be good enough later to give me the

      answer in money terms.

      The Government reply on 10th June was that the increase had been by

      101.9 per cent, and that of that very large amount only 5 per cent was

      accounted for by the state minting of more coins and the printing of

      more notes. That 96.9 per cent increase represented not only an

      enormous sum of money but also a crucially important factor in our


      I wanted to know by whom it had been created, and on 23rd July I again

      asked Her Majesty’s Government to what extent this increase had

      Government approval. I was told by the Chancellor of the Duchy,

      speaking for the Government, ‘The 96.9 percent represented new bank

      deposits created in the normal course of banking business and no

      Government authority is necessary for this.’

      Had he said that some counterfeiter of coins or forger of notes had

      been at work there would of course have been an immediate and

      indignant outcry, yet here we have a government statement that private

      institutions have created this enormous amount of extra purchasing

      power and we are expected to accept that it is normal practice and

      that the government authority does not come into it.

      When I asked whether we ought not to consider more deeply who was

      benefiting from this money-creating power, the Minister said that the

      implications, though interesting, were maybe too far reaching for

      Question Time, and so I raise the matter again in debate and hope to

      get more enlightenment.

      The issues are important, they are certainly under-discussed, perhaps

      not adequately understood, and I hope that I am not being unduly

      unfair if I say that those who understand the mechanisms often do very

      well out of them. I make no party point; it is all much bigger and

      wider than that.”

      Notice how the Chancellor of the Duchy gave the game away when he said

      that no government authority was needed for this present system of

      credit creating.


      Edmond de Rothschild creates the World Conservation Bank which is

      designed to transfer debts from third world countries to this bank and

      in return those countries would give land to this bank. This is

      designed so the Rothschilds can gain control of the third world which

      represents 30% of the land surface of the Earth.


      The three arms of the World Central Bank, the World Bank, the BIS and

      the IMF, now generally referred to as the World Central Bank, through

      their BIS arm, require the world’s bankers to raise their capital and

      reserves to 8% of their liabilities by 1992. This increased capital

      requirement put an upper limit on fractional reserve lending.

      To raise the money, the world’s bankers had to sell stocks which

      depressed their individual stock markets and began depressions in

      those countries. For example in Japan, one of the countries with the

      lowest capital in reserve, the value of its stock market crashed by

      50%, and its commercial real estate crashed by 60%, within two years.

      The idea is for the IMF to create more and more SDR’s backed by

      nothing, in order for struggling nations to borrow them. These nations

      will then gradually come under the control of the IMF as they struggle

      to pay the interest, and have to borrow more and more. The IMF will

      then decide which nations can borrow more and which will starve. They

      can also use this as leverage to take state owned assets like

      utilities as payment against the debt until they eventually own the

      nation states.


      At the Bilderberg Conference on June 6 to 9, in Baden-Baden, Germany,

      David Rockefeller made the following statement,

      “We are grateful to the Washington Post, the New York Times, Time

      Magazine, and other great publications whose directors have attended

      our meetings and respected their promises of discretion for almost 40

      years. It would have been impossible for us to develop our plan for

      the world, if we had been subjected to the lights of publicity during

      those years.

      But the world is now more sophisticated and prepared to march towards

      a world government. The super-national sovereignty of an intellectual

      elite and world bankers is surely preferable to the national

      auto-determination practiced in past centuries.”

      Note: Click here for a Microsoft Excel spreadsheet with a list of

      people at the Bilderberg Conferences.


      The third world debtor nations who had borrowed from the World Bank,

      pay 198 million dollars more to the central banks of the developed

      nations for World Bank funded purposes than they receive from the

      World Bank. This only goes to increase their permanent debt in

      exchange for temporary relief from poverty which is caused by the

      payments on prior loans, the repayments of which already exceed the

      amount of the new loans.

      This year Africa’s external debt had reached 290 billion dollars,

      which is two and a half times greater than its level in 1980, which

      has resulted in deterioration of schools, deterioration of housing,

      sky-rocketing infant mortality rates, a drastic downturn in the

      general health of the people, and mass unemployment.

      The Washington Times reports that Russian President, Boris Yeltsin,

      was upset that most of the incoming foreign aid was being siphoned

      off, and he stated,

      “Straight back into the coffers of Western Banks in debt service.”

      This year American taxpayers pay the Federal Reserve 286 billion

      dollars in interest on debt the Federal Reserve purchased by printing

      money virtually cost free.


      The Regal Act is introduced in the United States to authorize the

      replacement of President Lincoln’s Greenbacks with debt based notes.

      They had lasted for 132 years.


      Ever wondered why all the world’s production seems to be moving to

      China? In a report entitled, “China’s Economy Toward the 21st

      Century,” released this year, it predicts that the per capita income

      in China in 2010, will be approximately 735 dollars. This is less than

      30 dollars higher than the World Bank definition of a low income



      Less than two months before Tony Blair came to power in England,

      another interesting entry can be found in HANSARD, 5th March 1997,

      volume 578, No. 68, columns 1869-1871, in which the Earl of Caithness

      is recorded as having stated,

      “The next government must grasp the nettle, accept their

      responsibility for controlling the money supply and change from our

      debt-based monetary system. My Lords, will they? If they do not, our

      monetary system will break us and the sorry legacy we are already

      leaving our children will be a disaster.”

      On 6 May, only four days after Tony Blair’s election as Prime

      Minister, his Chancellor of the Exchequer, Gordon Brown, announces he

      is going to give full independence from political control to the Bank

      of England.

      In his 1997 book, The Grand Chessboard, Zbigniew Brzezinski reveals

      that Germany is the largest shareholder in the World Bank. When you

      bear in mind that bankers of the Rothschild bloodline were said to own

      Germany, “lock, stock and barrel,” at the end of World War I, it is

      not difficult to see who controls the World Bank now.


      The IMF eliminate food and fuel subsidies for the poor in Indonesia.

      At the same time the IMF soaked up tens of billions of dollars to save

      Indonesia’s financiers or rather the international banks from whom

      they had borrowed.

      A document leaks out of the World Bank, called, “Master Plan for

      Brazil.” In it it spells out five requirements to ensure a flexible

      public sector workforce. These are as follows:

      Reduce Salary/Benefits

      Reduce Pensions

      Increase Work Hours

      Reduce Job Stability

      Reduce Employment


      In Brazil, Rio’s privatized electric company named, “Rio Light,” is

      responsible for repeated blackouts in neighborhoods. The company

      blames the weather in the Pacific Ocean for the blackouts, when Rio is

      on the Atlantic. The blackouts wouldn’t have anything to do with the

      fact that after privatization Rio Light axed 40% of the company’s

      workforce would it? No problem for Rio Light, as a result of that

      their share price went up 33%.


      The IMF require Argentina to cut the government budget deficit from

      its current $5.3 billion to $4.1 billion the following year, 2001. At

      that point unemployment was running at 20% of the working population.

      They then upped the ante and demanded an elimination of the deficit.

      The IMF had some ideas of how this could be achieved. Cut the

      government’s emergency employment program from $200 a month to $160 a


      They also asked for an across the board 12 – 15% cut in salaries for

      civil servants and the cutting of pensions to the elderly by 13%. By

      December of 2001, middle class Argentineans sick of literally hunting

      the streets for garbage to eat, started burning down Buenos Aires. In

      January Argentina devalued the Peso wiping out the value of many

      common people’s savings accounts. Dismayed that they can’t rape that

      country further, James Wolfensohn, President of the World Bank,


      “Almost all major utilities have been privatized.”

      How do they control the unrest within the population? Let me see, an

      Argentinean bus driver, a thirty seven year old father of five, lost

      his job as a bus driver from a company that owed him 9 months pay.

      During a demonstration against this and other injustices perpetrated

      upon him and the population, the military police shot him dead with a

      bullet through the head.

      In Tanzania with approximately 1.3 million people dying of AIDS, the

      World Bank and the IMF decided to require Tanzania to charge for what

      were previously free hospital appointments. They also ordered Tanzania

      to charge school fees for their previously free education system then

      expressed surprise when school enrolment dropped from 80% to 66%.

      The IMF and World Bank have been in charge of Tanzania’s economy since

      1985 during which time Tanzania’s GDP dropped from $309 to $210 per

      capita, standards of literacy fell and the rate of abject poverty

      increased to envelop 51% of the population.When the IMF and World Bank

      took charge in 1985, Tanzania was a socialist nation. In June 2000 the

      World Bank reported arrogantly,

      “One legacy of socialism is that most people continue to believe the

      State has a fundamental role in promoting development and providing

      social services.”

      There is rioting in Bolivia after the World Bank drastically increase

      the price of water. The World Bank claim this is necessary to provide

      for desperately needed repairs and expansion. This is poppycock, my

      own water supplier is Wessex Water, a privatized water company that

      was actually owned by Enron! Since privatization (England was the

      first country to privatize the public water supply), the quality

      dropped and the prices exploded.

      Almost all privatized water companies in Britain have consistently

      failed to meet government targets on leakages.


      Professor Joseph Stiglitz, former Chief Economist of the World Bank,

      and former Chairman of President Clinton’s Council of Economic

      Advisers, goes public over the World Bank’s, “Four Step Strategy,”

      which is designed to enslave nations to the bankers. I summarize this


      Step One: Privatization.

      This is actually where national leaders are offered 10% commissions to

      their secret Swiss bank accounts in exchange for them trimming a few

      billion dollars off the sale price of national assets. Bribery and

      corruption, pure and simple.

      Step Two: Capital Market Liberalization.

      This is the repealing any laws that taxes money going over its

      borders. Stiglitz calls this the, “hot money,” cycle. Initially cash

      comes in from abroad to speculate in real estate and currency, then

      when the economy in that country starts to look promising, this

      outside wealth is pulled straight out again, causing the economy to


      The nation then requires IMF help and the IMF provides it under the

      pretext that they raise interest rates anywhere from 30% to 80%. This

      happened in Indonesia and Brazil, also in other Asian and Latin

      American nations. These higher interest rates consequently impoverish

      a country, demolishing property values, savaging industrial production

      and draining national treasuries.

      Step Three: Market Based Pricing.

      This is where the prices of food, water and domestic gas are raised

      which predictably leads to social unrest in the respective nation, now

      more commonly referred to as, “IMF Riots.” These riots cause the

      flight of capital and government bankruptcies. This benefits the

      foreign corporations as the nations remaining assets can be purchased

      at rock bottom prices.

      Step Four: Free Trade.

      This is where international corporations burst into Asia, Latin

      America and Africa, whilst at the same time Europe and America

      barricade their own markets against third world agriculture. They also

      impose extortionate tariffs which these countries have to pay for

      branded pharmaceuticals, causing soaring rates in death and disease

      There are a lot of losers in this system, but a few winners – bankers.

      In fact the IMF and World Bank have made the sale of electricity,

      water, telephone and gas systems a condition of loans to every

      developing nation. This is estimated at 4 trillion dollars of publicly

      owned assets.

      In September of this year, Professor Joseph Stiglitz is awarded the

      Nobel Prize in economics.


      On April 12th every major paper in the USA runs a story that

      Venezuelan President Hugo Chavez had resigned as he was, “unpopular

      and dictatorial.” In fact he had been kidnapped under a coup, where he

      was imprisoned on an army base. Following sympathy from the guards,

      the coup falls apart and President Chavez is back in his office one

      day later. Interestingly he has video evidence that whilst he was

      imprisoned on that base a United States military attaché entered the


      President Chavez, demonized by the controlled western media, gives

      milk and housing to the poor, and gives land not used for production

      by big plantation owners for more than two years, to those without

      land. His big crime however, was in passing a petroleum law that

      doubled the royalty taxes from 16% to 30% on new oil discoveries,

      which affected Exxon Mobil and other international oil operators.

      He also took full control of the state oil company, PDVSA, which

      before was nominally owned by the government, but in actual fact was

      in thrall to these international oil operators. Not only that but

      President Chavez is also the President of OPEC (Organization of

      Petroleum Exporting Countries). The main reason is, however, that

      President Chavez fully rejects the World Bank’s, “Four Step Strategy,”

      and plan to reduce wages of the people for the benefit of the bankers.

      Indeed President Chavez has increased the minimum wage by 20%, which

      has increased the purchasing power of the lower paid workers and

      strengthened the economy. His minister, Miguel Bustamante Madriz,

      fully aware of the danger Venezuela poses to the bankers when people

      contrast the fact it wouldn’t let them in, for example, with Argentina

      who did, stated,

      “America can’t let us stay in power. We are an exception to the new

      globalization order. If we succeed, we are an example to all the



      America and Britain is now at war in both Afghanistan and Iraq, and

      looking toward an invasion of Iran. As I mentioned before the greatest

      debt generator of them all is war. This has pushed America to the

      brink of financial collapse. This timeline is intended as a record of

      the past, but before you look at the conclusions, you may like to look

      at one person’s prediction for the near future in this mind-blowing



      In my research, I have discovered those critics who currently condemn

      the monetary system almost universally suggest that the only solution

      is to restore a gold backed currency. I don’t think any readers of

      this timeline can be in any doubt, that such a system will be open to

      abuse by those very people who abuse it today. Indeed if we introduced

      a currency backed by chairs, I believe we would find ourselves with

      nothing to sit on!

      The only monetary system that seems to have worked in history is one

      which is backed by the goodwill of a government and is debt free, such

      as President Lincoln’s, “Greenbacks.” Fortunately, the Nobel Peace

      Prize winning economist, Milton Friedman came up with an ingenious

      solution of wresting back control of the money supply from the

      bankers, paying off all outstanding debt, and preventing inflation or

      deflation whilst this process is completed. I summarize this below.

      Using America as the example here, Friedman suggests that debt free

      United States notes be issued to pay off the United States Bonds

      (debts) on the open market. In conjunction with this, the reserve

      requirements of the day to day bank the regular person banks with, be

      proportionally raised so the mount of money in circulation remains


      As those people holding bonds are paid off in United States notes,

      they will deposit the money in the bank they bank with, thus making

      available the currency then needed by these banks to increase their

      reserves. Once all these United States bonds are paid off with United

      States notes, the banks will be at 100% reserve banking instead of the

      fractional reserve system and then fractional reserve banking can be


      If necessary, the remaining liabilities of financial institutions

      could be assumed or acquired by the United States government in a

      one-off operation. Therefore these institutions would eventually be

      paid off with United States notes for the purpose of keeping the total

      money supply stable.

      The Federal Reserve Act of 1913 and the National Banking Act of 1864

      must also be repealed and all monetary power transferred back to the

      Treasury Department. The effects of this will be seen very soon by the

      average person as their taxes would start to go down as they would no

      longer be paying interest on debt based money to a handful of central


      A law must be passed to ensure that no banker or any person in any way

      affiliated with financial institutions, be allowed to regulate

      banking. Also the United States must withdraw from all international

      debt based central banking operations ie. the IMF; the BIS; and the

      World Bank.

      If all the countries of the world adopted the conclusions above, then

      humanity will at last be free of these central bankers and their debt

      based currency. It’s a lovely idea, but first we have to get it past

      our corrupt politicians many of whom are quite aware of the scam that

      plays us on a daily basis, however rather than do the job w

    • No doubt if they thought that would work they would do it.  Unfortunately for them, another person just like him would then take up the office and nothing would be different than it is now except that they would have incurred the additional risk of committing another crime.

  1. Well, that fellow raised a rather intriguing aspect of this kerfuffle that hadn’t occured to me at all. The numbers of people demonstrating high quality intellectual and technical innovation drained from the productive sector IS a damage to social advancement. And, for what? To ‘engineer’ financing of essentially illusions for investment that is doomed to failure despite the appearances concocted.  

    • Never mind that, Pat, it is the FEES that they get for all this concoction that matters!
      IMO, the sheer size of the banking sector is what is contributing to making the economy so wobbly.  The banking sector used to be about 1/4 the size it is now.  We are quite literally over-banked.  Maybe this would be a good time for about 3/4 of them to bite the dust?

  2. Saw this today in comments to a B4IN story….I save these nuggets. For your perusal
    Great connection. Thanks. I find that the fact that the Sandy and Aurora shootings, had both fathers set to testify for the Libor scandal which ties to the Crown; a valid connection. Elizabeth’s Coven name is “Lilith” and the specific sacrifice is children for both pedophilia and human sacrifice. This is where the Savile pedophile case ties in. These crimes are all from the same source. The Covens of Azazel, the Papal, Royal & Federal whom are incorporated. This is the origin of “Mafia” and terms like “Made Men”, “Blood In, Blood Out.” “Azazel” was the first Coven name of Alexander. By Sumerian law passed to Hebrew Law, all priest kings must have a Title Name, a Common Name, and a Coven Name for EACH Coven they created. When they got promoted their names again changed to reflect the promotion; ie ‘Saul’ became ‘Paul’.
     When the CEO at CNN posted the Spire law firms list of involved parties, the very next day his 2 & 6 year had their throats cut, and the nanny’s life was left hanging in the balance. Everything was covered up from that point on.
    Then you had the School shootings which tie to Libor.
    Rockefeller who owns ‘Chase’ Bank, has the Coven Sigil of the “Melchizedek Order of Lilith”. They have created falsified records of debt. That is what the ’42′ trillion is about. With out a long explanation, they altered the security and financial records which show the people are the ‘creditor’; and changed that title to ‘debtor’ by making the people Surety for the very Debt that was OWED to the people. By accounting terms, their “profit” is a Debt owed to each and every individual and all of this was covered under the Charter and Security Agreements as part of the ‘Benefits’ packages. We agreed they could use our money/security, all of which allowed them to ‘incur debt’ to do business as an incorporated entity, public utility, etc. They closed this off to the people but allow an inside group, the incorporation, to all use that system to gain their profit. Then they again, charge cash to the individual who has no idea that the corporation has already received its profit, the accounts have now been closed from view of the bona fide account holder who’s name is on the account. This is what 5 years of tracing the instruments from different incorporated entities all show. In accounting terms this creates (every ‘profit’ they take) a DOUBLE entry on the National Ledgers, on the “Debt” side of the ledger. This allows them to claim they need to levy a Higher Tax and then ‘raise’ the ‘debt ceiling’; and this thereby allows them to essentially write INCREASINGLY larger and larger checks to themselves. Besides being called Covet means, this is technically called a ‘COMPANY STORE SYSTEM’. Look at the “147″ Corporations that control the global network, and you will see what has been done. It can ONLY be run by increasing ‘debt’ which is their Corporate profit. And this has now reached critical tipping point.
     It was in Commerce history that “Selene” (Elizabeth 1) Created COMMERCE, CORPORATIONS, the Money System, Banking, the 5 day work week (for the corporation) where all ‘Fruits of our Labors’ (i.e. Fuel, Food, Commodities, Goods) where Taxed and Seized by Force of Law; as a Specific Slavery System. And for that she was rewarded and Promoted, and her name was changed to reflect that, by Hebrew Law.”
     Our original system, that was removed by the Rothschild ‘Act’ called the “BILLS of EXCHANGE ACT” and Selene’s Legislated Commodity (gold) Money, was called Acceptance for Value.
     We believed that each individual would at sometime within their lives, do something within the Society that would be of benefit to the Society. So we extended credit to each other and we freely exchanged our merchandises, foods, etc. based on the principle that your “word was a good as gold”. We didn’t ask ‘what do you do for a living’ to children who went to get food from the corner store. We would have thought it inhumane to with hold food from a starving child when it was sitting right on the shelf.
    And when we went to get materials, tractors, for our work and things like food for ourselves; we were also extended that same credit. We are the ‘Value’; as Human Beings we are the sole source of all Labor which provides the credit, and all the goods and services we extend to the ‘public’, which is each other. Each individual is a part of the Society as a whole.
     The ban on guns is more than just a play on trigger points to start a civil war. They pull our defenses back from the Gulf on the 15th, and then ban guns in the UN on the 18th. Add to that, the Military told the Congress they took orders from the UN; and the fact that Obama is removing any officer who will not fire on Americans and replacing them with those that will. Any string they can pull to distract from whatever Elizabeth and the Covens are really up to. The Papal, had an emergency Bilderberg meet in Italy, and the who’s who list were primarily the Italian government. Then he announced he was ready to chip his ‘Faithful Lay’ priests; followed by an announcement the Vatican would no longer accept ‘cards’, only cash at the Vatican. This is part of Covet Means, when they finish phase 1 of extracting a Nation; they move to charging only cash and this extracts the last of the cash reserves in the population. This is to deliberately collapse the society. It allows them to refuse necessary to life services (ie electricity in heat or cold) and goods, foods, etc. under the corporate Commerce claim of “no profit received’; after all the records are closed, and you can not prove it. Then they claim mass ‘forfeiture’ and seize allodial lands and property they ‘Covet’ by Force of Law. This is why they claimed to ‘own’ all land by Conquest. “NWO” is ‘own’.

  3. Talking about Platinum for a moment. There is a lot of hype especially by Rick Rule / Sprott that Platinum is going to skyrocket! Really? How does one figure that as Platinum is the high use metal for catalytic converters in automobiles?
    So if world economies are failing, who in the Heck would think that people would be buying and overload of automobile production? Idon’t really consider that The U S Treasury would even fathom building a one Trillion dollar Platinum coin. The sumbitch would cover a football field. Okay, YOU in the second row with your hand up…explain!

  4. Ranger  Roger that on Jesus Christ  The story you posted is a great read.  I’m printing it to give it closer attention
    Re— Icelandic women.  Watch out cruising those websites like IcelandGILFs. com   The icebergs aren’t the only things that melted. Makes me go all Beowolf and shit
    Stay frosty

  5. Ranger   One of the best things about the SD site is anyone can post long copy and bring links of good stuff.
    I’ll review the B Smith Bankers post too.   After a lot of study and thinking,  its pretty clear that either the CIA, Castro or both had front line work on his asassination.  There is a book just out, bio of Castro.   forgot the name of author or mole who disclosed some good info.   It was a review in National Spectator.  In this book there was  this mole  manning a big ears site in Cuba.  He was instructed to turn his antenna from FLA to Texas a couple of hours before JFK was shot.  He was instructed to direct his listening post to Texas, Dallas specifically.  Castro know something was going down.  Oswald was frantic to get a visa to Cuba in early-mid 1963.   The Embassy official in Mexico noted this. It was clear that Osward was someone worth watching. Cuban intel was on the ground in Texas, observing his movements via the Russian expat community.  Oswald’s wife, Russian bride,  was not happy with Lee Harvey  he was a wife beater.  this did not go unnoticed
    CIA head hated JFK.  So did many higher ups who did not trust or respect this newbie shoved up the line by his daddy Joseph K.  JFK was a real danger to the status quo in the US but more importantly. he pissed off Castro with the Bay of Pigs, a loss of face with the missile crisis and asassination attempts directed to Castro.  The poisoned cigar comes to mind.  JFK made lots of enemies. Castro was noted for reaching out to kill enemies. Somosa was one.  Castro was also connected back channel to the CIA.  CIA always likes to keep in touch with their SOBs.  Useful when needed.  JFK was an embarrasment to all concerned in the elite.  He had to go. 
    Ford and  Reagan were also interesting in the attempts made on their lives.  The failed attempts were cluster-bleeps but I am guessing they got the message across.  POTUS, you can be got to
     Ford’s VP?   Rockefeller, Nelson.   Reagan’s VP    Bush, George Sr.  You just can’t make this up.
    Monkey Boy Baby Bush was just a continuation of the tribal dynasty that include Bush II, Clinton, Bush JR and that kind of white, kind of black poseur we got in the WH now. Go back a few generations and all these bastards share relatives. 
      20 years under the same rule.  I guess the elite are almost 5 for 5.  IMO Reagan was an outlier but he was an actor who could be trusted to give his entire focus on destroying Communism.  Chasing commies was squirrel politics.
      Just a ploy, however, since iMarxism  resurfaced as NWO, BHO, Agenda 21 and pretty much anything that attached to Global Governance and Climate Change. Keep your guns and ammo close at hand.

  6. @abarai72french: Thanks for giving me the opening with that link to say the whole Iceland drama is Hegelian theater. A minor version of how we used to be called the land of the free and home of the brave, which was also BS. Does anybody really believe that any country can do what it wants, given the stranglehold the planetary parasites have? If you dig just a little into the backgrounds of the various Icelandic players, you’ll see the usual histories and connections.

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