Give me control of a nation's money and I care not who makes the laws
- Mayer Amschel RothschildAs a self-proclaimed Talmudic scholar and student of history, there is no question that Ben Shalom Bernanke is eminently aware of this famous quote from Mayer Rothschild. He is even more aware of the significance of it, as Chairman of the Federal Reserve.
For those who don't know, please understand that the Fed is NOT part of the Government, none of the officials are elected and it does NOT represent the interests of the citizens of the United States. The Federal Reserve is a private entity that is owned by several banks, the true identity of which has never been publicly disclosed:
Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. – The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s
Although there are plenty lists available on the internet that outline what is likely a fairly accurate presumption of the controlling banks. I leave it to you to find the list that you think is accurate, but there is not doubt in anyone's mind that the successor banks to the bankers who attended the famous meeting on Jekyl Island in 1910 - arranged by J.P. Morgan (the man) as a precursor to founding and establishing the Federal Reserve as the Central Bank for the United States - are most of thebanks that own the Fed (also there: representatives from the Rothschild and Warburg banking dynasties). It is likely that JP Morgan Chase is the controlling shareholder, as JP Morgan has acquired several of the predecessor entities which were original Fed shareholders, including Chase, which was owned by the Rockefeller family. Other influential shareholders would include Goldman Sachs, Bank of New York (which owns Mellon bank now), Lazard Inc (Lazard Freres/Lazard Brothers) and Rothschild & Compagnie.
At any rate, I bring all of this up because I was having a discussion with a long-time friend who opined that Romney had a shot to beat Obama in November (he's either not voting or writing in Ron Paul). I replied by saying "not a chance." Why? Because Bernanke will lose his job as the most powerful front-man in the United States (see the quote above) and he isn't going to relinquish that. Romney already said that Bernanke is gone if he's elected. All Bernanke has to do is shift his money printing and helicopter dropping into high-gear in June and we'll experience a big move higher in all the markets (especially the metals and miners) and a superficial, Government-hiring/stimulated (more road work) economic bounce by October. Election done - in June.
I bring all of this up because, not only was the headline employment report today a disaster, the details behind the headlines and in the footnotes were an unmitigated catastrophe. The headline number reported an increase of 115,000 supposed jobs in April, well below the 165,000 consensus expectation and even below the lowest big bank forecast (125k by Goldman, revised lower a couple days ago). The headline unemployment rate was 8.1%, a slight decline from the March print. What was not in the headline was the fact that 522,000 people were erased from the labor force by Government statisticians, which was the source of the decline in the unemployment rate. The labor force participation rate of 64.3%, a 30-year low. Think about that statistic for a moment: the Government capriciously decided that 522,000 thousand people had stopped looking for work, and no longer wanted work, in April. Someone in the Federal Government is hallucinating.
Furthermore, of the 115,000 alleged jobs added, 22,000 were from "seasonal" add-backs and 206,000 were imputed from the birth-death model, the nefarious "plug" number calculated by the Government pin-heads who take a wild "guesstimate" at the number of jobs created and lost by new business creation and closure. Anyone want to place any faith in that absurd estimate?
There's plenty of other statistical manipulations and Government misrepresentations in the April employment report. I'm sure several other blogs will pull the report apart and lay out the analysis. The way I look at it is if you add back the number of people dropped into jobless hell - the 522,000 worker dropouts - and assume the birth/death/seasonal manipulations created another 200,000 fantasy jobs, then April likely saw close to 600,000 jobs lost (115,000 - 522,000 - 200,000). To try and fine-tune or debate the actual change in employment beyond that is absurd because the real unemployment rate is so far removed from what is reported that to split-hairs over the monthly tally produced by the Government is impossible.
At some point we are going to see a massive QE/money printing/helicopter drop of paper/electronic fiat currency program from the Fed, as Bernanke will heed Mayer Rothschild's wisdom and exercise his control over the U.S. money supply...got gold?
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add in part time workers for econ reasons increased by abt 180k--not sure where to place that in the scheme of things but it does cut back on any aspect of optimism in the entire report
ReplyDeleteSo what if our circling the drain precipitates the long forecasted "reset" of the world monetary system by the PTB?
ReplyDeleteI'll assume Dave, that you're familiar with FOFOA and his freegold ideas, however there's another blogger (TradewithDave) who has melded that with the the practicalities of the implementation. Actually, TradewithDave doesn't make himself very clear, the jist of it is that he's apparently now calling that there's a plan by the PTB of the divorcing of transactional and wealth components of money.
Transactional 'money' to be electronic and Gold being the store of value used by Governments and perhaps major trading.
Dave, have you noticed the increased media coverage of Gold Standard lately? To my eye there's been a surge in coverage in places that formerly ignored Gold.
What I'm getting at in all of this is that I'm wondering what happens if the powers that be do an endrun around individual Gold holders and make Gold the exclusive realm of Governments, and with personal "money" now be electronic and completely trackable .....essentially freezing out individuals from converting physical to transactional money for actual use without the Gov permission, and/or swooping in and taking 90% or something ridiculous in taxes.
anonymous, most of the reference to a gold standard in this country is a refutation of the gold standard.
Deletei honestly think that we'll be in WW3 before the U.S. forced to show it's empty gold vault in order to comply with a global gold standard.
if not the Govt transitions into one in which it is tries to confiscate gold/silver from the public, then you don't want to be living in this country anyway.
if it came down to it, i would defend my metal with lead, and go down fighting if i have to. Give me liberty, or give me death. I bet obama has no clue who Patrick Henry was and what he stood for.
Not to mention the insidious growth of govt. dependents (ref. Reg Middleton and ZeroHedge) where the rate of approved long term disabilities for state and federal programs is up 22% in 3 years. 7 million bodies (I recall) have been moved from the un-employment teat to the "disability teat." Insidious, in that the govt. grows in power by making dependents. Dependents do not vote against their income source.
ReplyDeleteSo the available workforce drops, which allows the percent of "unemployed" to appear as a lower percentage of the toatl "looking for work.
As to the Fed, I think Romney emerged as a leader after he took the lightest, easiest position on the Fed during/after the famous "I'd fire bernanke" debate. It was then that the street scrambled to find a buffoon fat and dumb enough to leave the fed at status quo... but Fat Christie declined. It was that debate that resulted in a quick culling of most candidates who threatened the Fed.
Things won't change materially under Romney. Our hopes that Obama would "change" the banks was dashed as soon as he installed the clinton banking elite in key positions and then expanded the circle-jerk with JPM VPs, Warren, and Jeff Immelt.
Until voters make ending the Fed, the central focus of any campaign and find a patriot with enuf balls to complete the task, none of our wealth is safe.
Slavery is the institution that allows a master (class) to steal labor, wealth, capital and the right every man has to safe guard his production, savings and livelihood.
We are slaves until we are safe from the master class. The Fed is the whip that enforces the new world order of slavery.
John Randi:
ReplyDeleteyou will recall that Bob Rubin was (and probably still is) a key advisor to the President, so surprises as to who had been selected.
Rubin, we should all recall, is the guy who gave the social Sec trust $3.5 Trillion of treasuries back in 1995 in exchange for its liquid investments (as sort of warm up for 401ks)
And Rubin and Paulsen were the dynamic duo in 2002 I believe who went before Congress to tell them,, err ask them, to increase the bank leverage from 10:1 to 40:1.
Nice group of guys, huh?
I have not seen anything that I could find to determine where the $3.5 Tril went or how it was accounted for, anybody?
Dave thanks for the response, but think it thru a bit.
ReplyDeleteIf Gold isn't very liquid then it has a serious limitation.
Think about what happens if the BRICs repudiate the USD as reserve currency. The U.S. economy implodes, hyperinflation for the U.S. (seeing as we import so many things). JIT delivery interrupted. Riots ensue, (hence the DHS order of 450 million rounds of hollow point bullets, they know what's coming). The world is in disorder until monetary matters settle down.
Meanwhile, the Rothschilds et all, in their never-let-a-crisis-go-to-waste way, will offer a "new" world monetary perhaps designed something along the lines of what I layed out in my first post. This will be as big a sea change as the introduction of the Fed in 1913. And yes, it will have been in the works for years --- behind the scenes, just as the Jeryll Island meeting was three years before 1913.
Dave, No one will come to your door to "get" your gold. During the initial anarchy there will likely be DHS checkpoints on the highway though (not expressly searching for Gold though). Later, after a new monetary system, to survive in the new Divorced currencies system, you'll find Gold to be whatever the PTB allow it to be. Perhaps Gold will appreciate wildly and Gold holders make out big time after all (like fofoa thinks). In that case Dave you'll be a hero to your readers and no doublt, on easy street yourself.
Or perhaps, the PTB being the evil,controlling types that they are ... stuff the Gold Bugs with sanctions and stymie their attempts to convert Gold into transactional currency.
The reason I submit this to you and your readers is to elicit thoughts on the matter. Regardless of whatever happens, those who position themselves in the most advantages manner will come out the best (or perhaps least worse is a better way to put it).
And once again folks, think of the anarchy that will ensue for a year or whatever when the world shifts to a new reserve currency. Guns,Gold and beans might be a too simplistic strategy. Right now we still have time to alter our portfolios and holdings and overall positioning. When the music stops it could get very wild & woolie and we all might find ourselves irrevocably locked into our positions ... for better or worse.
Dave,
ReplyDeleteThanks for your insight.
Do you prefer an investment in gold over silver?
Thanks,
Ted
50/50 mix. Gold for wealth preservation, silver for that and fungibility
Delete--a good start:
ReplyDeletehttp://csper.wordpress.com/2010/08/12/monopoly-money-and-the-international-banking-cartel/ (these Canadians like Sprott and Vrabel truly channel De gaulle)
;0)
-Wil (of the posthumous letthemfail)
Romney is a confirmed serial flip-flopper. I will bet Romney keeps Bernanke.
ReplyDeleteTo another comment about writing in Ron Paul. Most states will not count the ballot for a presidential write-in. How about getting involved and going to caucus for Ron Paul?
I did and I made it through to the state convention and I have made it to Tampa. Oh yea, Ron Paul!