The critical question over the next decade isn’t “where will my returns be highest?” but “where will I lose the least money?”
That, according to economist and investor Marc Faber, is the scenario facing investors today.
As the author of the Gloom, Boom, and Doom Report, Marc Faber is a well-known contrarian, earning celebrity status because of his ominous predictions.
So his pessimism during a recent appearance on CNBC wasn’t surprising for a man whose nickname is “Doctor Doom.” What was surprising was the level of “wealth destruction” he sees in the not-too-distant future.
Faber stated, “I think somewhere down the line we will have a massive wealth destruction. That usually happens either through very high inflation or through social unrest or through war or credit-market collapse.”
“I would say that well-to-do people may lose up to 50 percent of their total wealth.”
Faber points out that this bleak outlook for the United States has been caused by Federal Reserve Chairman Ben Bernanke and the Federal Reserve’s continuous printing of new money.
He says that the bailout and money printing will not create any long-lasting wealth or create healthy growth, and that the collapse will come on Bernanke’s watch.
While Faber’s prognostications are worrisome (especially for those who fall into the “well-to-do” category), they are hardly as alarming as the scenario laid out by another economist.
Without appearing on CNBC, earning celebrity status, or being known by a scary nickname, Robert Wiedemer did what Marc Faber couldn’t: He accurately predicted the economic collapse that almost sunk the United States.
In 2006, Wiedemer and a team of economists foresaw the coming collapse of the U.S. housing market, equity markets, private debt, and consumer spending, and published their findings in the book America’s Bubble Economy.
But Wiedemer’s outlook for the U.S. economy today makes “Doctor Doom” sound like Mr. Rogers.
Where Faber sees a 50 percent loss of wealth for some, Wiedemer sees much more widespread economic destruction.
In a recent interview for his newest book Aftershock, Wiedemer says, “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2012.”
When the host questioned such wild claims, Wiedemer unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, “You see, the medicine will become the poison.”
The interview has become a wake-up call for those unprepared (or unwilling) to acknowledge an ugly truth: The country’s financial “rescue” devised in Washington has failed miserably.
The blame lies squarely on those whose job it was to avoid the exact situation we find ourselves in, including Bernanke and former Federal Reserve Chairman Alan Greenspan, tasked with preventing financial meltdowns and keeping the nation’s economy strong through monetary and credit policies.
At one point, Wiedemer even calls out Bernanke, saying that his “money from heaven will be the path to hell.”
Shocking Footage: See the eerie chart that exposes the ‘unthinkable.’
But it’s not just the grim predictions that are causing the sensation; rather, it’s the comprehensive blueprint for economic survival that’s really commanding global attention.
The interview offers realistic, step-by-step solutions that the average hard-working American can easily follow.
The overwhelming amount of feedback to publicize the interview, initially screened for a private audience, came with consequences as various online networks repeatedly shut it down and affiliates refused to house the content.
Bernanke and Greenspan were not about to support Wiedemer publicly, nor were the mainstream media.
“People were sitting up and taking notice, and they begged us to make the interview public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog, “but unfortunately, it kept getting pulled.”
“Our real concern,” DeHoog added, “is what if only half of Faber and Wiedemer’s predictions come true?
That’s a scary thought for sure. But we want the average American to be prepared, and that is why we will continue to push this video to as many outlets as we can. We want the word to spread.”
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Wealth? What wealth??? New flash: it never existed! All that ‘wealth’ is just so many zero’s and one’s of digital code in a computer somplace. Nobody ‘earned’ anything. This ‘wealth’ will sublimate back into the empty void from which it came; do not pass go do not collect $200!
If that’s all we have to worry about then who cares. I suggest that what we are now witnessing are the first major symptoms of a collapsing system. Numerous eminent authors before me have said it. Infinite growth with limited resources can have only one catastrophic outcome. I firmly believe we reached those limits at the turn of the 20th century and have been on a binge ever since. There will never be an economic recovery. This is a one way ride off a cliff.
Zionism was created by Theodor Herzel and others at the end of the 19th Century, and in that era it was commonplace to be colonialist, to be racist, to be super-nationalist, to adore the nation-state,so the idea of France for the French, Germany for the Germans, and then some state for the Jews. This all formed the basis for Zionism.
Zionism and Judaism are contrary to each other. Because Judaism is universal and humane, and Zionism is exactly the opposite. It is very narrow, very nationalistic, racist, colonialist, and all this. There is no “National Judaism.” There is Zionism and there is Judaism, and they are completely different.
Zionism has nothing to do with Judaism. Because Judaism – a Reform Movement- that is highly, highly ethical. And so, you cannot connect Zionism with “highly ethical.” You can only connect the words “aggressive,” “oppressive,” “stealing,” “robbing” with Zionism. But not “highly ethical.”
The Khazarian Zionists (non-Jewish illuminati) hijacked our governments, currencies, big business, institutions, education, media and minds; got all of us in debt, then collapsed the global economy.
Greedy and ideological Zionists contributed to the growth of the Third Reich via the so-called “Transfer Agreement” – a business arrangement to transfer German Jews to Palestine. In return, German exports would be bought through Zionist entities to ensure the economic growth and wealth of Palestine. Most significant is the success of the 18th Zionist Congress to go against the international boycott movement by suppressing the Revisionists and strong-arming them into abandoning their ideology.
If the boycott had prevailed, Germany may not even exist today and the Holocaust would have never happened.
The facts are clear that Zionists made Hitler’s 3rd Reich possible and ultimately spawned the Zio-Fascist and terrorist State that Israel has now become.
Israeli Zionist leaders continue to indulge in the persecution of Jews by falsely claiming that Zionism is a goal of Judaism. It’s time to make a clear distinction between Judaism and Zionism, also known as Zio-Fascism.
“Our race is the Master Race. We are divine gods on this planet. We are as different from the inferior races as they are from insects. In fact, compared to our race, other races are beasts and animals, cattle at best. Other races are considered as human excrement. Our destiny is to rule over the inferior races. Our earthly kingdom will be ruled by our leader with a rod of iron. The masses will lick our feet and serve us as our slaves.” Menaheim Begin, 6th Prime Minister of Israel.
Does this narrative sound familiar to you? Think Nazi.
The Jewish people has been unique by its identity as a religious entity. Through the centuries its religious character had been a premise agreed upon by Jews and non-Jews alike. Jewish religious and traditional history bears no aspect of racism. Hence, one of non-Jewish origin is capable of being proselytized and attaining the same status as a born Jew. Conversely, one of Jewish birth who does not recognize his being bound to the Jewish Torah, is by Jewish law a heretic, and therefore forfeits his spiritual birthrights as a Jew.
Through the many years that Jews resided in the Holy Land enjoyed tranquil and cordial relations with the non-Jewish population there.
The Zionist movement which was formed at the latter part of the last century, sought to endow the Jews with a nationalistic character which was heretofore strange to them. It sought to deprive them of their historically religious character and offered a nationalistic ideology and the possibility of establishing through political media, a Jewish national homeland.
During the period of the British Mandate, the Balfour Declaration, which recognized the eventual possibility of founding a Jewish national homeland, in Palestine, was affirmed to be the British government. The Jewish Agency, who then was the Chief representative of Zionist interests in the Holy Land, was entrusted with the issuance of visas to the Holy Land, thus resulting in an increased Zionist immigration from various parts of the world, which ultimately succeeded in superceding in numbers, the veteran Orthodox dwellers.
Orthodox Jewry all over the world and the Orthodox Community in the Holy Land in particular, immediately sensed in this stage of Zionist success, the threat of grave danger for the religious future of Jews. The Arab inhabitants began to exhibit open hostility to their Jewish neighbors. The British government failed to distinguish between the Orthodox community, who for generations in habited the Holy Land, and the newly arrived Zionist immigrants.
With the acquisition by the Zionist nationalists of the power to organize communities in Palestine, they formed the Vaad Haleumi Leknesset Yisroel (National Jewish Council Committee). This committee ignored the rights of the Orthodox veteran dwellers who did not recognize this validity of Jewish nationality, and whose identification as Jews was solely with their loyalty to their religious heritage. The religious inhabitants, on the other hand, shuddered at the prospects of spiritual disintegration of World Jewry, with the new rise to power of the Zionist nationalists.
The Orthodox inhabitants actively objected to being subject to the authority of the secularists. They appealed their cause to the League of Nations, who consequently granted them a “Right of exclusion” to the subjugation to the Vaad Haleumi, which rights provided that any Jew wishing not to be incorporated into the Vaad Haleumi, may remain lawfully independent if he so stated his wish in writing. Thousands of Jews did so.
Such was the case until November 1948, when the United Nations finally sanctioned the establishment of a Zionist State. Zionists’ success in finally realizing their goal was due in great measure to their having misled the world into viewing the Zionist cause as the Jewish cause. The formation of the Zionist state resulted in the automatic deprivation of the autonomy heretofore possessed by the Orthodox inhabitants of the Holy Land.
The Zionists grasped in the acquisition of their new powers, the opportunity to openly disassociate themselves from any identification with Jews as a religion. They systematically began to orient the minds of their generations according to the tenets of Zionist nationalism. Through the Ministry of Religions they employed part of the Rabbinate to assist them in their aims.
The religious Jews who by virtue of their faith, clearly contradicted Zionist nationalism, and who had lived peacefully with their Arab neighbors for generations, became unwillingly identified with the Zionist cause and their struggle with the Arabs. They requested the United Nations that Jerusalem be designated as a defacto international city. They appealed to the diplocatic corps assigned to Jerusalem – but to no avail. They were hence confronted with the choice of either becoming a part of the Zionist State, which diametrically opposed the interests of Jews as a religion, or abandoning the land of which their forefathers were the first Jewish settlers.
Judaism in its correct form is not a religion of hate any more than are Christianity, Islam or Buddhism. Zionism, however, is a secular, geopolitical system of hate…it is NOT a religion. It is a power cult (hiding behind the Jewish faith) of death, greed, lying, avarice and self-aggrandizement which views with contempt and derision all who do not subscribe or submit to its dogma.
Today’s Zionists are largely the descendants of the hideous butchers who slaughtered over 30 million Russian Christians. These are the descendants of the murderous thugs who murdered 1.5 million Armenians and do not want to ‘talk about it’. When US Congress voted to recognize the Armenian genocide, the AIPAC and ADL Zionist gangsters swung into action and forced the cancellations of the Resolution. And the US wonders why Armenia does not trust Zionist Jews and US at all.
These are the conniving, lying, genocidal beasts who wanted Iraq stomped to death by US and UK so Iraqis could not benefit from their own oil and natural gas wealth.
These are the same demented nuclear terrorists in control of 600 thermonuclear WMD who are now trying to force a war with Iran…even though Russia is already on the record saying that ANY attack on Iran will be viewed as an attack on Russian interests.
Zionists are always chattering about ‘peace’ but, in reality, it is the LAST thing they want. Peace is not profitable and is simply not going to pave the way for Zionism to dominate the planet. However, divide and conquer just might. This is even all the more mind-boggling to most clueless Americans who cannot understand how a minority group of Zionists within the world’s total Jewish population of about 15 million can have come to control so much of the Western world.
Long ago, there was a Medieval Kingdom of Khazaria, 652-1016 AD that included part of modern day Russia, Ukraine, and a sliver of what is now Kazakhstan. This area was somewhat interesting in history because when considering the choice of Islam, or Christianity or Judaism the leaders of this ‘empire’ decided to declare themselves Jewish. That was a very odd choice in an area of the world which was predominately Islam and Christian.
The Khazaria Empire could not extend any further south because the Tatars and Turkmen proved to be about as obstinate as the Afghans have been throughout history.
The Khazarian ‘Jews’ are NOT descendants of the 12 Tribes of Israel and their world view and lack of truly, pious spiritual Judaism have created conflict within that religion ever since.
To a great extent, these are our current day Zionist Jews (including Neocons, of course) who have formed a world power banking, extortion cult of war and death that has little or nothing to do with being devout adherents of Judaism. These are the folks who think nothing of breaking the law, lying (Kol Nidre), stealing, graft, corruption, assassination, blackmail, extortion or destroying tens of millions of people to get their way.
Throughout the past century, they have done just that in directly and indirectly liquidating over 100 million people. These soul- less ‘reptilian’ killers obey only the Talmud, not the laws of the lands they live in. This very behavior and ‘ethics’ appear, in fact, in the Talmud as Rabbinical teaching. Most pious Jews of good heart and conscience who follow the Torah know that such is not the way to achieve civilized, enlightened society.
This is, in part, one of the reasons “Jew haters” have often been unable to differentiate between the truly religious descendants of the 12 Tribes of Israel (the ones the Old Testament of the Bible is about) and these squatters and interlopers who came from Central Asia and have, for the most part, taken over their religion and turned it into an evil club of power manipulation, greed, money, war, death and destruction.
Many true Torah Jews are highly-offended at the atrocities these Zionist Khazars Talmudic Jews have inflicted on mankind. From the huge massacre of Russian Christians, to the mass starvation holocaust of 30 million Ukrainians, to the creation of Nazism/fascism of World War II, to the mass slaughter of Christian Armenians, and to the current day blood-lust genocide of Iraq. These Zionist Khazars have made it abundantly clear, to the tune of over 100 million dead, that they have nothing but murderous contempt of Christians and Muslims.
The problem is not ‘the Jews’…the problem is the KHAZAR Jews who are THE power behind Zionist Israel, the UK and US.
Just as the Himalaya Mountains are the geologic division between the continent of Asia and the continent of India, the Caucasus Mountains separate Central Asia and Europe. Geologically and geographically speaking, Georgia is NOT part of Europe.
Georgia was apparently never part of the Khazar empire and was predominately Christian until recent times. Most of what is now Ukraine used to be part of the Khazaria Empire. Georgia – a predominately Muslim, non-European nation that grows steadily more under the control of Khazar Zionist US Jews and their Muslim confederates.
What is going on in Georgia – and the constant provocation of Russia – the Russia has put up with all of the shit from the Zionist West it intends to tolerate.
Georgia is a good place to set up basese to wage covert war and black ops against Russia, which is now geographically sitting on what used to be the Khazaria Empire. That is why there are thousands Israeli and Blackwater mercenaries in Georgia now.
The deep seated hatred of Russia by these Khazars goes back over 1,000 years when Russia crushed their empire and many of them fled to Europe into the areas now called Poland, Romania and Hungary, and Ukraine. Those who remained were under Russian rule for a while but even that changed in about 100 years time.
During the 10th century, the East Slavs were united under Scandinavian overlordship. A new nation, Kievan Rus, was formed by Prince Oleg. Just as the Khazars had left their mark on other peoples, so too did they influence the Rus. The Rus and the Hungarians both adopted the dual-kingship system of the Khazars. The Rus princes even borrowed the title kagan. Archaeologists recovered a variety of Khazar or Khazar-style objects (including clothing and pottery) from Viking gravesites in Chernigov, Gnezdovo, Kiev, and even Birka (Sweden). The residents of Kievan Rus patterned their legal procedures after the Khazars. In addition, some Khazar words became part of the old East Slavic language: for example, bogatyr (“brave knight”) apparently derives from the Khazar word baghatur.
The Rus inherited most of the former Khazar lands in the late 10th century and early 11th century. One of the most devastating defeats came in 965, when Rus Prince Svyatoslav conquered the Khazar fortress of Sarkel. It is believed that he conquered Itil two years later, after which he campaigned in the Balkans. Despite the loss of their nation, the Khazar people did not disappear. Some of them migrated westward into Hungary, Romania, and Poland, mixing with other Jewish communities.
Both the Russians and remaining Khazars had to flee for their lives when the Mongol hordes took over most of Asia under the leadership of Genghis Khan, 1161-1227. Many of these Khazar Jews had no choice but flee with the Russians northeast, and have been a murderous pain to Russia for much of its history since.
Since the conquest of the Khazars by the Russians and the disappearance of the Khazar Kingdom the language of the Khazars is known as Yiddish. for about six centuries the Khazar Jews of eastern Europe have referred to themselves while still resident in their native eastern European countries as “Yiddish” by nationality. Yiddish must not be confused with Hebrew because they both use the same characters as their alphabets. There is not one word of Yiddish in ancient Hebrew nor is there one word of ancient Hebrew in Yiddish.
These were the “Jews” that came into power in 1917 with the Bolshevik Revolution, and Lenin needed their help to topple Tsar Nicholas, the last remnant of the Romanov dynasty. They helped overthrow Tsar Nicholas because he was not friendly to the Khazar Jews. These were the Zionist Jews who murdered 40 million Russians who refused to give up their land or bow down to Bolshevik-Khazarian-Zionism.
In January of 1916 Leon Trotsky(Lev Bronstein) was expelled from France and came to USA. His expenses were paid by a Khazar Jew Jacob Schiff who was head of the New York investment firm Kuhn, Loeb and Company, had raised the capital for large war loans to Japan. It was due to this funding that the Japanese were able to launch a stunning attack against the Russians at Port Arthur and the following year to virtually decimate the Russian fleet. We must remember, that Jacob Schiff was a Khazar Jew and that Khazarian Jews had been persecuted under the Tsarist regime.
When Trotsky returned to Petrograd in May of 1917 to organize the Bolshevik phase of the Russian Revolution, he carried $10,000 for travel expenses, a generously ample fund considering the value of the dollar at that time. Trotsky was arrested by Canadian and British naval personnel, when the ship, on which he was traveling, the S.S. Kristianiafjord, put in at Halifax.
Trotsky was not arrested on a whim. He was recognized as a threat to the best interests of England, Canada’s mother country in the British Commonwealth. Tsarist regime was an ally of England in the First World War. Anything, that would weaken Russia – and that certainly included internal revolution – would be, in effect, to strengthen Germany and weaken England.
In New York on the night before his departure Trotsky had given a speech, in which he said: “I am going back to Russia to overthrow the provisional government and stop the war with Germany.” Trotsky therefore represented a real threat to England’s war effort. He was arrested as a German agent and taken as a prisoner of war.
Immediately telegrams began to come into Halifax from such divergent sources, as an obscure attorney in New York City, from the Canadian Deputy Postmaster-General and even from a high-ranking British military officer, all inquiring into Trotsky’s situation and urging his immediate release. The head of the British Secret Service in USA at the time was Sir William Wiseman, who occupied the apartment directly above the apartment of Edward Mandell House and who had become fast friends with him. Edward Mandell House advised Sir William Wiseman, that US President Woodrow Wilson wished to have Trotsky released. Wiseman advised his government and the British Admiralty issued orders on April 21st, that Trotsky was to be sent on his way.
Trotsky could not have gone even as far as Halifax without having been granted an American passport and this was accomplished by the personal intervention of US President Woodrow Wilson.
Although Khazar Jews have never made up more than 5% of the population of Russia, they played a highly disproportionate and decisive role in the Bolshevik regime, effectively dominating the Soviet government during its early years.
With the exception of Lenin (Vladimir Ulyanov), most of the leading Communists who took control of Russia in 1917-20 were Khazar Jews. Leon Trotsky (Lev Bronstein) headed the Red Army and, for a time, was chief of Soviet foreign affairs. Yakov Sverdlov (Solomon) was both the Bolshevik party’s executive secretary and – as chairman of the Central Executive Committee- head of the Soviet government. Grigori Zinoviev (Radomyslsky) headed the Communist International (Comintern), the central agency for spreading revolution in foreign countries. Other prominent Khazar Jews included press commissar Karl Radek (Sobelsohn), foreign affairs commissar Maxim Litvinov (Wallach), Lev Kamenev (Rosenfeld) and Moisei Uritsky
Lenin himself was of mostly Russian and Kalmuck ancestry, but he was also one-quarter Khazar Jewish. His maternal grandfather, Israel (Alexander) Blank, was a Ukrainian Khazar Jew.
In the Communist seizure of power in Russia, the Khazar Jewish role was very critical.
2 weeks prior to the Bolshevik “October Revolution” of 1917, Lenin convened a top secret meeting in St. Petersburg (Petrograd) at which the key leaders of the Bolshevik party’s Central Committee made the fateful decision to seize power in a violent takeover. Of the 12 men who took part in this decisive gathering, there were 4 Russians (including Lenin), 1 Georgian (Stalin), one Pole (Dzerzhinsky), and 6 Khazar Jews.
To direct the takeover, a 7 person “Political Bureau” was chosen. It consisted of 2 Russians (Lenin and Bubnov), 1 Georgian (Stalin), and 4 Khazar Jews (Trotsky, Sokolnikov, Zinoviev, and Kamenev).
Meanwhile, the Petersburg (Petrograd) Soviet whose chairman was Trotsky, established an 18 member “Military Revolutionary Committee” to actually carry out the seizure of power. It included 8 Russians, 1 Ukrainian, 1 Pole, 1 Caucasian, and 6 Khazar Jews.
Finally, to supervise the organization of the uprising, the Bolshevik Central Committee established a 5 person “Revolutionary Military Center” as the Party’s operations command. It consisted of 1 Russian (Bubnov), 1 Georgian (Stalin), 1 Pole (Dzerzhinsky), and 2 Khazar Jews (Sverdlov and Uritsky).
With the notable exception of Lenin, the principal inspiration and driving power comes from the Khazar Jewish leaders. Thus Tchitcherin, a pure Russian, is eclipsed by his nominal subordinate, Litvinoff, and the influence of Russians like Bukharin or Lunacharski cannot be compared with the power of Trotsky or of Zinovieff, the Dictator of the Red Citadel (Petrograd), or of Krassin or Radek – all Khazar Jews. In the Soviet institutions the predominance of Khazar Jews is even more astonishing. And the prominent, if not indeed the principal, part in the system of terrorism applied by the Extraordinary Commissions for Combating Counter-Revolution [the Cheka] has been taken by Khazar Jews.
David R. Francis, US ambassador in Russia, warned in a January 1918 dispatch to Washington: “The Bolshevik leaders here, most of whom are Khazar Jews and 90% of whom are returned exiles, care little for Russia or any other country but are internationalists and they are trying to start a worldwide social revolution.”
The Netherlands’ ambassador in Russia, Oudendyke, made much the same point a few months later: “Unless Bolshevism is nipped in the bud immediately, it is bound to spread in one form or another over Europe and the whole world as it is organized and worked by Khazar Jews who have no nationality, and whose one object is to destroy for their own ends the existing order of things.”
Immediately after the Bolshevik Revolution, many Khazar Jews were euphoric over their high representation in the new government. Lenin’s first Politburo was dominated by men of Khazar Jewish origins
Under Lenin, Khazar Jews became involved in all aspects of the Revolution, including its dirtiest work. Despite the Communists’ vows to eradicate antisemitism, it spread rapidly after the Revolution – partly because of the prominence of so many Khazar Jews in the Soviet administration, as well as in the traumatic, inhuman Sovietization drives that followed. Immensely disproportionate number of Khazar Jews joined the new Bolshevik secret police – the Cheka – and many of those who fell afoul of the Cheka would be shot by Khazar Jewish investigators.
The collective leadership that emerged in Lenin’s dying days was headed by the Khazar Jew Zinoviev, a loquacious, mean-spirited, curly-haired Adonis whose vanity knew no bounds.
Anyone who had the misfortune to fall into the hands of the Cheka stood a very good chance of finding himself confronted with, and possibly shot by, a Khazar Jewish investigator. In Ukraine Khazar Jews made up nearly 80% of the rank-and-file Cheka agents. Beginning as the Cheka, or Vecheka the Soviet secret police was later known as the GPU, OGPU, NKVD, MVD and KGB.
Yakov M. Yurovksy, the leader of the Bolshevik squad that carried out the murder of the Tsar and his family, was Khazar Jewish, as was Sverdlov, the Soviet chief who co-signed Lenin’s execution order.
Khazar Jews were “amazingly” numerous among the personnel of the Bolshevik secret police. The characteristic Khazar Jewishness of the Bolshevik executioners, is most conspicuous in the execution of Nicholas II.
The execution was personally overseen by Yakov Yurovsky who shot the Tsar; the president of the local Soviet was Beloborodov (Vaisbart); the person responsible for the general administration in Ekaterinburg was Shaya Goloshchekin. To round out the picture, on the wall of the room where the execution took place was a distich from a poem by Heine (written in German) about King Balthazar, who offended Jehovah and was killed for the offense.
The whole record of Bolshevism in Russia is indelibly impressed with the stamp of alien invasion. The murder of the Tsar, deliberately planned by the Khazar Jew Sverdlov (who came to Russia as a paid agent of Germany) and carried out by the Khazar Jews Goloshchekin, Syromolotov, Safarov, Voikov and Yurovsky, is the act not of the Russian people, but of this hostile invader.
In the struggle for power that followed Lenin’s death in 1924, Stalin emerged victorious over his rivals, eventually succeeding in putting to death nearly every one of the most prominent early Bolsheviks leaders – including Trotsky, Zinoviev, Radek, and Kamenev. With the passage of time, and particularly after 1928, the Khazar Jewish role in the top leadership of the Soviet state and its Communist party diminished markedly.
For a few months after taking power, Bolshevik leaders considered bringing “Nicholas Romanov” before a “Revolutionary Tribunal” that would publicize his “crimes against the people” before sentencing him to death. Historical precedent existed for this. Two European monarchs had lost their lives as a consequence of revolutionary upheaval: England’s Charles I was beheaded in 1649, and France’s Louis XVI was guillotined in 1793.
In these cases, the king was put to death after a lengthy public trial, during which he was allowed to present arguments in his defense. Nicholas II, though, was neither charged nor tried. He was secretly put to death – along with his family and staff — in the dead of night, in an act that resembled more a gangster-style massacre than a formal execution.
Why did Lenin and Sverdlov abandon plans for a show trial of the former Tsar? Nicholas and his family were murdered because the Bolshevik rulers knew quite well that they lacked genuine popular support, and rightly feared that the Russian people would never approve killing the Tsar, regardless of pretexts and legalistic formalities.
For his part, Trotsky defended the massacre as a useful and even necesssary measure.
“The decision to kill the imperial family was not only expedient but necessary. The severity of this punishment showed everyone that we would continue to fight on mercilessly, stopping at nothing. The execution of the Tsar’s family was needed not only in order to frighten, horrify, and instill a sense of hopelessness in the enemy but also to shake up our own ranks, to show that there was no turning back, that ahead lay either total victory or total doom This Lenin sensed well.”
In the years leading up to the 1917 revolution, Khazar Jews were disproportionately represented in all of Russia’s subversive leftist parties. Khazar Jewish hatred of the Tsarist regime had a basis in objective conditions. Of the leading European powers of the day, imperial Russia was the most institutionally conservative and anti-Khazar Jewish. For example, Khazar Jews were normally not permitted to reside outside a large area in the west of the Empire known as the “Pale of Settlement.”
However understandable, and perhaps even defensible, Khazar Jewish hostility toward the imperial regime may have been, the remarkable Khazar Jewish role in the vastly more despotic Soviet regime is less easy to justify. the Khazar Jewish role in supporting the Bolshevik regime the “historic sin of the Jews.” For example, to the prominent role of Khazar Jews as commandants of Soviet Gulag concentration and labor camps, and the role of Khazar Jewish Communists in the systematic destruction of Russian churches. The Khazar Jews of the entire world supported Soviet power, and remained silent in the face of any criticism from the opposition.
The exaggeratedly enthusiastic participation of the Khazar Jewish Bolsheviks in the subjugation and destruction of Russia is a sin that will be avenged Soviet power will be equated with Khazar Jewish power, and the furious hatred against the Bolsheviks will become hatred against Khazar Jews.
A few weeks after the Ekaterinburg massacre, the newspaper of the fledgling Red Army declared:
“Without mercy, without sparing, we will kill our enemies by the scores of hundreds, let them be thousands, let them drown themselves in their own blood. For the blood of Lenin and Uritskii let there be floods of blood of the bourgeoisie – more blood, as much as possible.”
Grigori Zinoviev, speaking at a meeting of Communists in September 1918, effectively pronounced a death sentence on ten million human beings: “We must carry along with us 90 million out of the 100 million of Soviet Russia’s inhabitants. As for the rest, we have nothing to say to them. They must be annihilated.”
As it turned out, the Soviet toll in human lives and suffering proved to be much higher than Zinoviev’s murderous rhetoric suggested. Rarely, if ever, has a regime taken the lives of so many of its own people.
From 1929 to 1952 21.5 million Soviet people were repressed. Of these a third were shot, the rest sentenced to imprisonment, where many also died.
From January 1, 1935 to June 22, 1941, 19,840,000 enemies of the people were arrested. Of these, seven million were shot in prison, and a majority of the others died in camp.
It is hard to avoid the conclusion that the post-1934 death toll was well over ten million. To this should be added the victims of the 1930-1933 famine, the kulak deportations, and other anti-peasant campaigns, amounting to another ten million plus. The total is thus in the range of what the Russians now refer to as ‘The Twenty Million’.”
While it is true that the power of the Tsar was absolute, that only a small minority had any significant political voice, and that the mass of the empire’s citizens were peasants, it is worth noting that Russians during the reign of Nicholas II had freedom of press, religion, assembly and association, protection of private property, and free labor unions. Sworn enemies of the regime, such as Lenin, were treated with remarkable leniency.
During the decades prior to the outbreak of the First World War, the Russian economy was booming. In fact, between 1890 and 1913, it was the fastest growing in the world. New rail lines were opened at an annual rate double that of the Soviet years. Between 1900 and 1913, iron production increased by 58%, while coal production more than doubled. Exported Russian grain fed all of Europe. Finally, the last decades of Tsarist Russia witnessed a magnificent flowering of cultural life.
Everything changed with the First World War.
Khazar Jews were behind the Russian revolution. Khazar Jews openly bragged about the Russian revolution and its aftereffects at the time. They gloated.
They were the “financiers” -from Paul Moritz Warburg to Jacob Schiff.
They were the “revolutionaries” – from Ovsei-Gershon Aronovich Radomyslsky Apfelbaum(Grigory Zinoviev), to Vyacheslav Mikhailovich Molotov, to Lev Davidovich Bronshtein,(Leon Trotsky), etc.
They were the “bloodthirsty horde” in the NKVD who later became the KGB, led by Lazar Kaganovich who were responsible for liquidating untold millions of innocent Russians, Ukrainians, Hungarians etc.
Even though the churches burned while the synagogues were left standing, Jews deny that they were protected.
Even though priests were murdered or forced to sweep the streets, while Khazar Jewish rabbis were put on a pedestal, Khazar Jews now say they were the ones persecuted.
These were the same Khazar Jews – later called the Trotskyites after exiled Leon Trotsky – who fled for their lives when Stalin came to power and tore that evil out of the heart of Russia to a large extent. Many of them fled to Germany, and UK and the US to seek safety. They are now the Zionist Jews who are causing the most problems in this world.
The Trotskyist myth that a successful national liberation will later unleash ‘the real class struggle’ is false, as the examples of Ethiopia, North Vietnam, Mexico under Cardenas, and Brazil under Vargas bear out. It is a rationalisation for the defence of new ruling classes in the process of formation. As historical evidence shows, those new elites usually become appendages of the already existing state capitalist bloc. To this degree Trotskyism is a variety of vicarious social patriotism.
These are the same people who have pushed all the “hate Russia” crap in the media and in US foreign policy to the point of ad nauseum even after the Cold War ended.
It was this group of Khazar Jews that aided and abetted the formation of Nazism as an ideological counter to what they viewed as ‘un-pure communism’ under Joseph Vissarionovich Stalin who was born in Georgia. Their real axe to grind was Stalin sent them fleeing and had many of them put to death or sent to the gulags of Siberia for orchestrating the slaughter of tens of millions of predominately Russian Orthodox Christians. Stalin was also most displeased that the Trotskyites helped to form Nazism in Germany. That wound up getting another 20 million Russians killed in World War II.
The US Neocons, and those of the UK and Israel, are to a large extent Trotskyites, Zionist Jew or Christian Zionist Sheeple who do not know enough about history and the legacy these Khazarian Jews have left in their path. There are huge differences in the Biblical 12 Tribes and these Khazars who have embedded themselves into Judaism like a tick on a hound dog.
They have been so despicably murderous to Russians that a special word just for them was created – “zhids”.
These people have always had visions of rebuilding the grandeur of their Khazar Empire for over 1,000 years. It is this group of Jewish squatters who pushed the hardest, and in the most evil and deceitful ways, to get the UN, US and UK to establish Israel in 1948.
Most of us Baby Boomers, now age 50-65, have now witnessed 60 years of atrocities by ‘poor little Israel’ and these Zionist Khazar thugs but that was preceded by the colossal atrocities of killing about 50 million Russians, another 55 million killed in World War II, and the list goes on and on.
The part of the Turkic Jews, also known later as Crypto Jews who perpetrated the genocide of 1.5 million Armenian Christians in the early 1900s. The Rothschild and Rockefellers wanted the Armenians out of the way so they could get large amounts of oil from Azerbaijan through Armenia to the Black Sea. Such was the legacy of the Ottoman Empire.
If you want to get a history lesson as to why Ukraine was almost always a sub-district of Russia, check into the Battle of Izmail, named for the Ottoman fort that was conquered by who may be the greatest of all Russian czars, the German-born Catherine the Great.
The Russians have had to defend Russia against the machinations of these Fake Jews for 1,000 years.
Even the famous “Steps of Potemkin” in Odessa, Ukraine (very close to Izmail, Ukraine) are in honor of a paramour of Catherine the Great and his contribution in defending Ukraine and Russia from the Ottoman-Khazarian hordes that were trying to take over Europe and Russia.
These Khazar Jews constitute nothing but psychopathic, warmongering, blood-thirsty evil on feet. They now control the power structure of the US and UK. Part of their deep-seated hatred for Russia goes back 1,000 years when Russia upended their empire and sent them packing. Then Genghis Khan sent many of them and the Russians fleeing when the Mongols arrived in town. Many of the Khazars fled to Turkey and were intimately involved in the formation of the Ottoman Empire, the attempted conquer of Europe, and repeated attacks across the Black Sea at Mother Russia. This was yet another ‘hate Russia’ routine from these cretins.
Chechnya, Russia is just on the other side of those Caucasus Mountains and was part of the Khazaria Empire until Russia crushed it. Russia knows all too well – and remembers all too well – who was behind the Chechnya War that they had to fight twice within the past 20 years.
Ingushetia, Russia is just on the other side of those Caucasus Mountains and was part of the Khazaria Empire until Russia crushed it. Dagestan also used to be part of the Khazaria Empire, and the US has waged covert ops to try to take that area over so they can build a pipeline from Kazakhstan to Georgia to the Black Sea.
These people have plotted and schemed for 1,000 years to get their Khazarian Empire back, and now that the entire world knows that the historical area of Khazaria is sitting on a mother lode of oil and natural gas, they really want it back. They salivate like Pavlovian Dogs and have wet dreams of dollars and shekels about all that oil and natural gas in what used to be their Khazarian Empire, long since dead and gone except in their delusional minds.
Many of the US Zionists who defected to the Republican Party from Democratic Party in 1996, are Russia-hating, Zionist Khazarian Jews. They have now defected back over to the Democratic Party and backing Obama…the sock puppet of the pathological Russia-hating Zbigniew Brzezinsky and George Soros.
Many of the Zionist Jews in power in Israel, the UK and US cannot trace their roots back to the 12 Tribes. Many of the dual citizen, wanted criminals Israel is harboring are Khazarian Jews, not descendants of the 12 Tribes. Many of them are from Russia after Genghis Khan sent both Russian and Khazarians fleeing.
We witnessed Georgia attacking Russian Orthodox Christians in South Ossetia, aided and abetted by the US, Israel and Ukraine.
North Ossetia used to be part of the Khazarian Empire and the North and South Ossetians are ethnically the same people.
There are growing border problems between Ukraine and Russia, both areas formerly part of the Khazarian Empire. Ukraine had the audacity to inform Russia it could no longer park its Black Sea fleet at Sevastopol, Ukraine. The Kiev government is firmly under the control of Zionist Jews, as is the Tbilisi, Georgia regime.
In both Georgia and Ukraine, the dirty hands of George Soros can be found because he has been pushing for ‘White Stream 1 and 2′ pipelines from Georgia to Ukraine as a supply link to the EU to lessen the growing energy might of Russia. George Soros is Hungarian by birth of Khazarian Jew origin.
This entire area that used to be Khazaria is loaded with oil and natural gas and these Khazarian Jews have had an axe to grind with Russia for over 1,000 years.
Zionist Khazarian Jews absolutely have to have the muscle of the United States to pursue these stupid, petty, long-since-dead illusions of grandeur and empire.
During the 1967 War, one of the most daring acts of treachery was committed. It was the attack on an American ship, the USS Liberty, by America’s so-called friend, Israel.
During Israel’s treacherous attack on Egypt, the USS Liberty, an American surveillance ship, was cruising off the coast of Israel monitoring the progress of the attack.
Realizing the USS Liberty was learning and recording Israel’s acts of treachery, Israeli leaders decided to ‘get rid’ of the evidence. Israeli planes and torpedo boats attacked Liberty with the obvious intent of sinking it. If the ship was sunk, thus destroying the evidence, Israel then could blame Egypt for the attack — and the Zionist controlled news-media in America would have given the lie as fact with the intent of turning the American people against Egypt. But, fortunately — bravery on the part of the Liberty crew kept the ship afloat. Israel failed in its act of treachery against America, its ally, but during the attack, Israel killed 34 crew members of the Liberty and wounded 171.
Israel claimed the attack on the Liberty was a case of mistaken identity. But, reports by the surviving crew and other evidence prove the attack by Israel was intentional.
Facts about the attack on the USS Liberty were conveniently omitted by the Zionist controlled American news-media. All that the Zionists told the American people was that Israel had sunk an American ship, but that it was a case of mistaken identity.
The treachery on the part of Israel and the Soviets that led to the 1967 War embittered the Arab people and immediately they began arming with the intent of retaliating for this Israeli treachery and to try and take back the land that Israel had taken from them. By 1973 they were prepared.
Even though several Arab countries were preparing militarily, they were trying to peacefully work out a solution with Israel. But, Israel was assured that their Zionist brethren in America would use their power over the U.S. Government to make sure that the U.S. would support Israel. So, Israel’s leaders continued to maintain a belligerent attitude.
Realizing the hopelessness of further negotiating with Israel’s leaders, Egypt along with Jordan, Syria and Iraq attacked Israel — and they were winning.
With Israel facing defeat, the powerful Zionists in America pulled the strings of their power over the U.S. Government and the U.S. Government officials obeyed their Zionist masters. Massive amounts of U.S. military equipment and arms were airlifted at taxpayer’s expense to Israel to bolster the retreating Israeli forces.
This U.S. aid enabled Israel to turn the tide and emerge victorious. Yes, Israel was saved, but so much U.S. military equipment was airlifted to Israel at that time that the U.S. armed forces were left in short supply and in a weakened position.
U.S. Government officials are so much under the influence of the Zionists that they had alerted the 82nd Airborne Division stationed at Ft. Bragg, N.C. and U.S. troops stationed in Germany for the purpose of being sent to aid Israel, if necessary.
It is pretty sad that to please the Zionist power in America, U.S. Government officials are willing to sacrifice the lives of American boys to save Zionist Israel.
The 1982 attack into Lebanon by Israel further divided the Jewish population of Israel — even within the more militant Zionist Jews there is a split.
The reason given by Israeli leaders for the attack into Lebanon was ‘to root out the Palestine Liberation Army (PLO) and stop their terrorist attacks into Israel. Many Israeli’s have dared speak out and condemn this reason as false. They have pointed out that in an effort to achieve peace with Israel, the P.L.O. had for 11 months refrained from making any attacks on Israel.
The real reasons for Israel’s attack Lebanon were: (And still are, according to the latest headlines).
It is the intention of Israel’s Zionist/Marxist leaders to carry on perpetual war. The attack into Lebanon was merely another phase of Israel’s ‘wars of aggression’ policy.
Water is scarce in the Mideast, especially in Israel. Ever since Israel became a state, it has wanted the waters of the Litani River for use in Israel, and the only way they could get it was to go in and take it militarily.
Israeli leaders and the general population figured the war would last only a few days. But, the Palestinians and other Arabs fought heroically against the Israeli invaders who had far superior equipment. As the months passed without victory, and as more Israeli soldiers were brought home and buried, dissent within Israel spread. In the Israeli military forces, many members resigned or refused to carry out orders because it would have meant killing innocent civilians.
The death of the 250 Marines serving in Lebanon has been blamed on the Arabs. This is as it had been reported by the Zionist controlled news-media in America. But, this has not been proven! In fact, reliable reports coming out of Lebanon indicate the terrorist attack on the American marine base was planned by Israeli military personnel or the Mossad, Israel’s secret service. In that case, who actually carried out the attack is immaterial — Israeli personnel planned and instigated the attack. It is common practice for the Zionist/Marxists to plan a covert act and then get someone else to do the dirty work.
By instigating the attack on the Marine base, the Israeli ‘War Hawks’ had hoped the attack would turn the American people against the Arabs and that America could be drawn into the war and further help Israel in its aggression against the Arabs. Fortunately, the American people didn’t fall for the trap.
A good example of how the Zionists will commit an act of terrorism with the thought of someone else being blamed is the Lavon Affair. In 1954 a group of Israeli’s set off a series of bombings of American institutions in Egypt including the American Embassy. They expected that Egypt would be blamed for the bombings and cause a break in U.S.-Egyptian relations.
Fortunately, Egyptian authorities caught the Israeli agents in the act of setting one of the bombs and the whole Israeli plot was exposed.
Most Americans are not aware of the treacherous Lavon Affair because the Zionist controlled U.S. news-media failed to report it; just as they failed to report the facts surrounding the Israeli shelling of the USS LIBERTY.
There are many wonderful people of the Jewish faith and heritage who are tired of being used and sacrificed by Zionism and they are doing everything possible to put a final stop to it and awaken people to the REAL problem.
In 1811 the charter for the Illuminati Ashkenazi Khazar Rothschild owned Bank of the United States which was in control of the US money supply expired and the US Congress voted against the renewal of the charter. At the time Andrew Jackson (who would become the 7th President of the US from 1829 to 1837) said, “If the US Congress has a right under the US Constitution to issue paper money, it was given them to use by themselves, not to be delegated to individuals or corporations.”
Nathan Mayer Rothschild who owned Bank of the United States which was in control of the US money supply was not amused and he stated, “Either the application for renewal of the charter for the bank is granted, or the United States will find itself involved in a most disastrous war.”
Andrew Jackson’s response to this was “You are a den of thieves vipers, and I intend to rout you out, and by the Eternal God, I will rout you out.” Illuminati Ashkenazi Khazar Nathan Mayer Rothschild replied “Teach those impudent Americans a lesson. Bring them back to colonial status.”
In 1812 backed by Illuminati Ashkenazi Khazar Rothschild’s money, the British declared war on the United States. The Illuminati Ashkenazi Khazar Rothschild’s plan was to cause the United States to build up such a debt in fighting this war that they would have to surrender to the Illuminati Ashkenazi Khazar Rothschild and allow the charter for the Illuminati Ashkenazi Khazar Rothschild owned Bank of the United States to be renewed.
In 1816 the charter for the Bank of the United States was renewed for another 20 years with the Illuminati Ashkenazi Khazar Rothschild in Control of the US money supply again. The British war against the USA therefore ended with the deaths of thousands of British and US soldiers, but the Illuminati Ashkenazi Khazar Rothschilds got their bank.
In 1861 President Abraham Lincoln (16th President of the US from 1860 till his assassination in 1865) approached the Illuminati Ashkenazi Khazar Rothschilds to try to obtain loans to support the ongoing American civil war. The Illuminati Ashkenazi Khazar Rothschilds agreed provided President Abraham Lincoln allows them a Charter for another US central bank and are prepared to pay 24% to 36% interest on all monies loaned. President Abraham Lincoln was very angry about this high level of interest and so his government printed its own debt free money and informed the public that this was now legal tender for both public and private debts. By April 1862, $450 million worth of President Abraham Lincoln’s debt free money had been printed by the US government and distributed. He went on to state, “We gave the people of this republic the greatest blessing they ever had, their own paper money to pay their own debts.”
That same year The Times of London publishes a story containing the following statement, “If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.”
In 1863 The Illuminati Ashkenazi Khazar Rothschilds used one of their agents in America, John D. Rockefeller to form an oil business called “Standard Oil” which eventually took over all of its competition.
In 1864 President Abraham Lincoln discovered the Tsar of Russia, Alexander II (1855 – 1881), was having problems with the Illuminati Ashkenazi Khazar Rothschilds as well as he was refusing their continual attempts to set up a central bank in Russia. President Lincoln asked the Tsar for help in the Civil War and the Tsar sent part of his fleet to anchor off New York and the other part off California. The Tsar made it clear to the British, French and Spanish that if they attacked either side, Russia would take the side of President Lincoln. Lincoln subsequently won the Civil War.
In 1865 in an a statement to Congress, President Abraham Lincoln stated, “I have two great enemies, the Southern Army in front of me, and the financial institution in the rear. Of the two, the one in my rear is my greatest foe.” Later that year President Lincoln is assassinated.
The US Federal Reserve – neither federal nor a reserve – is a Illuminati Ashkenazi Khazar Zionists owned private institution was created on December 23, 1913. It was planned at a secret meeting in 1910 on Jekyll Island, Georgia, by a group of Zionist bankers and politicians. This transferred the power to create money from the US Government to a private group of Illuminati Ashkenazi Khazar Zionist bankers. The Federal Reserve Act is hastily passed just before the 1913 Christmas break. Congressman Charles A. Lindbergh Sr. warned: “This act establishes the most gigantic trust on earth. When the President signs this act the invisible government by the money power, proven to exist by the Money Trust Investigation, will be legalized.”
US President John F. Kennedy planned to exterminate the Illuminati Ashkenazi Khazar Zionists owned Federal Reserve System. In 1963 he signed Executive Orders EO-11 and EO-110, returning to the government the responsibility to print money, taking that privilege away from the Illuminati Ashkenazi Khazar Zionists owned Federal Reserve System.
Shortly thereafter, President John F. Kennedy was assassinated. The professional, triangulated fire that executed the President of the United States is not the most shocking issue. The high- level coordination that organized the widespread coverup is manifest evidence of the incredible power of a “hidden government” behind the scenes.
Another myth that all Americans live with is the charade known as the “Federal Reserve.” It comes as a shock to many to discover that it is not an agency of the United States Government.
The name “Federal Reserve Bank” was designed to deceive, and it still does. It is not federal, nor is it owned by the government. It is privately owned by the Illuminati Ashkenazi Khazar Zionists. Its employees are not in civil service. Its physical property is held under private deeds, and is subject to local taxation.
It is an engine that has created private wealth that is unimaginable, even to the most financially sophisticated. It has enabled an imperial elite to manipulate US economy for its own agenda and enlisted the US government itself as its enforcer. It controls the times, dictates business, affects Americans’ homes and practically everything in which Americans are interested.
It takes powerful force to maintain an empire, and this one is no different. The concerns of the leadership of the “Federal Reserve” and its secretive international benefactors appear to go well beyond currency and interest rates.
Alan Greenspan who served as Chairman of the Federal Reserve from 1987 to 2006 stated, at the annual Dinner and Francis Boyer Lecture of The American Enterprise Institute for Public Policy Research on December 5, 1996 “Augmenting concerns about the Federal Reserve is the perception that we are a secretive organization, operating behind closed doors, not always in the interests of the nation as a whole. This is regrettable, and we continuously strive to alter this misperception.”
“Federal Express” and “Federal Ammunition Company” both have the word federal in them but the public knows about them, they know they are not government agencies because they are not misled about the companies. But the privately owned Federal Reserve has confused the public, lied to them and stole their gold and silver.
All the perplexities, confusion, and distress in America arise, not from defects of the Constitution, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation. Of all the contrivances devised for cheating the laboring classes of mankind, none has been more effective than that which deludes him with paper money. After many years of blundering toward it, and only a few months before the beginning of the World War 1, Rothchild found the formula for the most efficient credit machine that was ever invented. This was the Federal Reserve System. Most people are unsure of the meanings of words such as money, dollar, wealth, inflation and credit. The average person would be very surprised if they knew how the money system used to work compared to how it operates now. The essence of psychological warfare is to confuse the meaning of words, and infiltrate the mind with conflicting concepts. The use of the word Federal in the name federal Reserve leads the public to believe that the Federal Reserve is a government institution, when it is really a private corporation owned by foreign and domestic banks and operated for profit. The Federal Reserve controls America’s money supply and interest rates, and there by manipulates the entire economy, in violation of Article 1, Section 8 of the United States Constitution that expressly charges Congress with power to coin money and regulate the value thereof. Article 1, Section 10 of the constitution says “No State shall make any thing but gold and silver Coin a Tender in payment of Debts.”
Over time, gold and silver coins were removed from American money supply and removed as backing for American paper currency and replaced with debt (or credit). Credit is an idea, not a thing. It is expressed by bookkeeping entries and computer symbols. The manipulation of words and their meaning is the key to controlling what people think. Traditional definitions are eliminated while new meanings are repeated over and over again until accepted.
The definition of dollar has changed to hide the fact that a dollar is not money, but a unit of measurement for gold and silver coin. Title 12 United States Code Section 152 says: “The terms lawful money or lawful money of the United States shall be construed to mean gold or silver coin of the United Sates.” Title 31 United States Code, Section 5101 says: “The money of account of the United States shall be expressed in dollars.”
Hundreds of years ago people would pay the local goldsmith to store their gold for them in his vault. He would then give them a receipt for the amount of gold that was stored. The receipt was not money, it was a money substitute. It was later common for people to use the receipts as payment for goods and services since they could be exchanged for the gold held in the vault at any time.
The goldsmith found out that only a small amount of the gold was ever claimed since people just kept exchanging the receipts. The goldsmith started writing receipts for more gold than he had, using some of the receipts to buy things and loaning the rest at interest, while taking title to real property as collateral. The gold for these extra receipts did not exist. By adding to the amount of receipts in circulation, the goldsmith stole from the people with the real receipts and decreased the value of the real gold receipts by creating inflation. The more of something there is, the less it is worth and more it takes to trade it for something else. Paper currency is a money substitute, it is not money. It is only valid when the number of paper currency equals the amount of real money that it is a substitute for. By manipulating the number of receipts in circulation, the goldsmith stole the wealth of the town without anyone figuring it out. By lowering the number of receipts, he could make money scare, creating a depression where he could foreclose on the property and magnify his riches. He could then quicken economic activity and bring abundance by raising the number of receipts until his next rip off.
America’s economic problems started with issuing fraudulent receipts for gold that does not exist. This became standard procedure for the banking business.
The recent equivalent to the goldsmith’s receipt for gold is the Federal Reserve Note. The word “Federal” implies Federal government, but the Federal Reserve is a privately owned corporation. The word “Reserve” implies that something gives the paper receipt value, but no gold or silver backs this paper. The word “Note” implies a contract, because legally a note must state who is paying, what is being paid, to whom and when.
Most people say something like, “I have a dollar bill”. But what is a bill? A bill is a receipt of a debt owed by one person or company to another. Therefore, a “dollar bill” is a receipt (or bill) of debt of one dollar that is owed.
From 1914 to 1963, Federal Reserve Notes never claimed to be money, nor did they claim to be dollars. A note for five dollars read: “The United States of America will pay to the bearer on demand five dollars.” How can a promise to pay five dollars be five dollars? To the left of the President’s picture and above the bank seal, it said: “This note is legal tender for all debts public and private, and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank.” In 1963 the Federal Reserve began to issue its first series of notes without the promise, while taking notes with the promise out of circulation. How can paper become what it promises by removing the promise? To the left of the President’s picture and above the bank seal, it now read: “This note is legal tender for all debts public and private.” A note is a proof of debt. It is not possible to pay off a debt with a debt. No debt can be paid in full unless paid in gold or silver, coined and regulated in value by Congress. The name “Federal Reserve Note” is a fraudulent label since each word claims to be something that in reality it is not. By removing the promise to redeem the note in lawful money, the Federal Government in cooperation with the Federal Reserve, eliminated the monetary system of the United States as established by the Constitution and replaced it with something totally different.
If you are holding a one dollar Federal Reserve Note, the question is, what is it one dollar of? The answer is absolutely nothing. The number one measures no substance. The only thing that give paper money value is the confidence people have in it as is stated in chapter 30 of our textbook. Federal Reserve Notes are only accepted because people believe they have value. If the truth were ever found out, it would cause fininancial chaos because people would know they have no value.
There are only two economic systems. They are barter and credit. Barter is the trading of one thing of value for something else of value. A money system using gold and silver coin is a barter system. Throughout history, many different things have been used for bartering because money, in and of itself, does not exist. Something must be used as money. People have traded for goods and services using farm animals, large rocks, shells and crops.
Gold and silver have been used as money worldwide for thousands of years. All things used as money have had one thing in common, they were all tangible wealth. They were all things you could touch. They were all things you could weigh and measure. Credit, however, is intangible. You cannot touch credit. You cannot weigh and measure it because there is no substance to weigh and measure. It is all imagination.
Credit is not wealth. No work is used in the creation of credit other than a booking entry. Hundreds of years ago, when the goldsmith issued his first receipt for gold that did not exist, he created credit and inflation, because credit and inflation are the same thing. They are both receipts for capital that does not exist. They are both an imaginary unit of exchange. When half of the receipts circulating as a money substitute are redeemable in gold, the other half of the receipts are both credit and inflation. When none of the receipts are redeemable, all of it is credit and inflation. Credit is inflation, therefore, the only cure for inflation is real, honest money.
A $20 gold coin is twice as large, and twice as heavy as a $10 gold coin. A dollar is a unit of measurement for gold and silver coin to insure uniform weight, purity, and value. A dollar unit of paper money that is not redeemable in gold or silver coin is a dollar unit of inflation, which is a dollar unit of credit, which is a dollar unit of nothing.
The purpose of paper money that is not redeemable for gold or silver coin is to get things without paying for them. Those who issue and control paper money as credit get everything for nothing. The cost to the Federal Reserve for printing a “note” is about 2 cents, no matter what denomination is printed on it. Paper money as credit is used to take wealth using numbers where numbers of nothing are exchanged for things of substance and value. This grand theft occurs in full view unnoticed because the public has been made an accessory to the crime by accepting pieces of paper with numbers on them in place of lawful money, not knowing the difference between worthless “notes” and lawful money.
Oliver Ellsworth, the third Chief Justice of the US Supreme Court said of paper money: “This is a favorable moment to shut and bar the door against paper money. The mischief of the various experiments which have been made are now fresh in the public mind and have excited the disgust of the respectable parts of America.”
Roger Sherman, a delegate from Connecticut and author of the gold and silver coin provision of the US constitution, wrote a condemnation of paper money entitled A caveat Against Injustice in which he said…”If what is used as as a Medium of Exchange is fluctuating in its value it is no better than unjust weights and measures, both which are condemned by the laws of God and Man, and therefore the longest and most universal Custom could never make the Use of such a Medium either lawful or reasonable.”
And so the framers of the US Constitution specified a money system of gold and silver, to be coined and regulated in value by US Congress and prohibited by the US government from issuing paper money as stated in Article 1 sections 8 and 10 of the Constitution: “Congress shall have Power to coin money and regulate the value thereof. No State shall make any thing but gold and silver Coin a Tender in Payment of Debts.”
When US Congress passed the Federal Reserve Act on December 23, 1913. US Congressman Charles A. Lindbergh, Sr., father of the famous airman, told the US Congress after the vote, “When the President signs this act, the invisible government by the money power will be legalized.” US President Woodrow Wilson signed the act into law, turning over the money system of the country to a group of private bankers and allowed them to create money by making bookkeeping entries, loan it at interest, and take title to real property as collateral. Because of this, the citizens of the United States have lost control over their money system and their government. The banking system operates the same as the goldsmith that deceitfully issued receipts for more gold than was on deposit.
Federal Reserve Notes are evidence of debt the U.S. Government owes to the owners of the Federal Reserve the payment of which is guaranteed by the collateral of all property and income of all US citizens. When the US Government needs to borrow money, the Treasury creates a bond, and promises to pay a specified amount of money at a specified interest on a specified date. This bond is evidence of debt. This interest-bearing debt is the foundation for America’s money supply and its payment is guaranteed by the collateral of all property and income of all US citizens. The Federal Reserve “buys” this debt simply by making a bookkeeping entry for the amount and writing a check against no funds, and then converts it into paper currency and checkbook money.
The US Bureau of Engraving prints the paper currency in whatever denominations ordered by the Federal Reserve and charges about two cents for each note, regardless of the denominations, which the Federal Reserve “pays for” by making another bookkeeping entry and writing another bad check. In effect the Federal Reserve lends the US Government its own credit, and then charges interest on it. If the public does this, it is called kiting, which according to Webster’s dictionary is defined as, “to use (a bad check) to get credit or money”. If a citizen does this they can be jailed or fined for it.
Every dollar created by the Federal Reserve System is debt for the citizens of the United States, which the central bank collects interest on, in addition to the interest from the bond created by the Treasury that put this magic money making machine in motion. The Federal Reserve inflates the amount of the bond in order to make even more loans of imaginary dollars and collect more interest on an investment that cost nothing. Under fractional reserve banking, the amount of money a bank can create is limited by the reserve ratio or fraction it is required to maintain. For example, when the reserve ratio is ten to one, a bank can create and loan ten dollars for each dollar held in reserve and charge interest on it. While the reserves of the goldsmith were gold, the reserves of the Federal Reserve is paper, nothing more than bookkeeping entries that are a record of debt.
The absurdity of the situation is that if there were no debts, there would be no money, since every dollar of paper currency and checkbook money is loaned into circulation. And, in order to pay the interest, there has to be another loan because the banking system only creates the principal and not the interest. In fact, the interest can never be paid because it is not possible to return to the bank more dollars than were created, making it inevitable that the Federal Reserve Banking System acquire title to all wealth in the nation. This is exactly what the Framers of the US Constitution intended to prevent when they specified a money system of gold and silver coin and prohibited the US government from issuing paper money, because a nation that uses money based on debt can never be free of debt.
Increasing the amount of currency and checkbook money increases inflation. Creating new dollars reduces the value of all dollars, resulting in higher prices. By manipulating the quantity of created dollars, the purchasing power of every dollar is altered. Depressions are the result of private bankers reducing the money supply by tightening credit and withdrawing currency, causing a drop in prices, unemployment and foreclosure of property. This is premeditated theft.
If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporation that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.
By calling gold and silver “money”, and then calling Federal Reserve Notes “money”, the two blended together in the public’s minds so that over time the difference between them was erased from the people’s memories. A promise to pay money substituted for lawful money until the promise was removed. Exchanging paper currency is not a complete transaction until payment is made in gold or silver coin. Until then, it is both credit and debt a record of a specific amount of money to be paid or received.
Credit, a deferred payment and debt, a sum of money due, are the same thing. It is hidden by deceptive double-entry bookkeeping where a debt becomes an asset by calling it a credit. Paper money that redeems nothing only appears to have value because it can be exchanged for things of value. When a piece of paper representing debt is exchanged for wealth, someone has been robbed. Paper money transfers wealth from one person, then from another, then from another, and on and on until the last person will be stuck with it.
During the Great Depression people who had gold in the banks wanted the banks to honor their contract to redeem the paper currency for gold.. The fraudulent nature of fractional reserve banking was at risk of being exposed because there was not enough gold on deposit in the banks to redeem all Federal Reserve Notes issued promising payment in gold. That was when US President Roosevelt declared a national emergency and closed the banking system for two days as recommended by the Board of Directors of the Federal Reserve Bank of New York. Congress then passed the Emergency Banking Act declaring it illegal for US citizens to own gold under penalty of up to a $10,000 fine and/or up to 10 years in prison. The people exchanged their gold and gold certificates for Federal Reserve Notes of created dollars based on debt, which stated a promise of redemption in lawful money.
Gold was now removed from the system leaving silver dollars as the only lawful money available. Silver was eventually eliminated from the money system, leaving the public with a totally scam money system of irredeemable paper currency and copper-nickel clad tokens that represent a debt owed to the owners of the Federal Reserve Banking System, the payment of which is guaranteed by the collateral of all property and income of all US citizens.
When banks cannot honor their contract to redeem their notes for gold or silver coins, they are bankrupt. The contract between the people and the Federal Reserve printed on each bank note promising to pay in lawful money was invalidated because the system went bankrupt and because the amended version of the “Trading with the Enemy Act of 1917″ placed all US citizens in the category of enemy, and no contract is considered valid between enemies. American citizens were declared to be the enemy by their own government, for indeed they would be if the people ever discovered what had happened to their money.
Being unable to trade in wealth such as gold and silver coin enslaves the people to those who create and control what is being called money. All it took to rob the public was to convince people that paper and credit are money. The Federal Government and the Federal Reserve have the power to create unlimited amounts of credit because credit does not exist. It is not a tangible substance, but an idea represented by bookkeeping entries and computer symbols.
To pay means to deliver a tangible substance as money like gold and silver coin. Where there is no substance, there is no payment. There is only pretend payment. Banks do not really lend money, they only pretend to lend money. They put no money in a borrower’s account. They only make bookkeeping entries that are reduced as the borrower writes checks against imagined deposits.
When the banks charge interest on a loan they do not make, banks impart psychological value to numbers of nothing. Charging interest sustains the illusion that banks loan something of value, when all they do is rent the appearance of money.
Three years after signing the Federal Reserve Act into law, US President Woodrow Wilson made the following statement: “Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world–no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of small groups of dominant men.”
The Secretary of the Treasury is not the US Secretary of the Treasury because the US Treasury was bankrupted in 1933. The Secretary of the Treasury is not paid by the United States Government. The Secretary serves as US Governor of the International Monetary Fund as receiver of the bankrupt United States, collecting the debt from US citizens.
The Federal Reserve Bank has provided the needed sleight-of-hand credit financing to involve America in every foreign war during the twentieth century. The net result of America getting involved in one foreign war after another has been a consequent steady decline in personal freedom; the growth of a highly centralized, bureaucratic and fascistic government; a horrendous rise in taxation and the planned destruction of the gold standard, which used to give some degree of protection to American citizens against an out-of-control, profligate, high-spending government in Washington. The value of the US$ in 1940 was worth 17 times more than the value of the US$ now as a result of the Federal Reserve’s long-term monetary policy, which has quietly cooperated with the federal government to finance government deficits with Federal Reserve credit.
By using misleading words the Federal Reserve has misled the public. They have over time replaced our system of real money of gold and silver coin with worthless paper, which is against the law according to the US Constitution.
The only solution to this problem is to do away with the Federal Reserve and go back to the way it used to be and have American money system based on gold and silver coin. The only solution to the problem is honest money.
Thomas Jefferson said,
“If the America people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered.”
Jefferson saw it coming more than 150 years ago. Can Americans now see what is in store for them if they allow the Federal Reserve to continue controlling the USA?”
In 1913 when the Federal Reserve Act was fraudulently pushed through Congress, Congressman Charles Lindbergh stated: “This Act establishes the most gigantic trust on earth….When the President signs this Act, the invisible government by the money power, proven to exist by the Money Trust Investigation, will be legalized….The new law will create inflation whenever the trust wants inflation….From now on, depression will be scientifically created.”
Most people assume that the Federal Reserve Bank is federal- that is, part of the United States’ government. However, the Ninth Circuit Court put that issue to rest in 1982 when they adjudicated:
“Examining the organization and function of the Federal Reserve Banks, and applying the relevant factors, we conclude that the Reserve Banks are not federal instrumentalities for purposes of the FTCA, but are independent, privately-owned and locally controlled corporations.”
- Lewis vs. U.S., 680 F. 2d 1239, 1241]
“We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. Some people think the Federal Reserve Banks are U.S. government institutions. They are not government institutions. They are private credit monopolies; domestic swindlers, rich and predatory money lenders which prey upon the people of the united States for the benefit of themselves and their foreign customers. The Federal Reserve Banks are the agents of the foreign central banks. The truth is the Federal Reserve Board has usurped the Government of the United States by the arrogant credit monopoly which operates the Federal Reserve Board.”
- Congressman Louis T. McFadden, Chairman of the House Banking & Currency Committee, speech on the floor of the House of Representatives, June 10, 1932
“In the united States 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.”
- Congressman Wright Patman, Chairman of the House Banking & Currency Committee, speech on the House floor, 1967
“Most Americans have no real understanding of the operation of the international money lenders….The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and….manipulates the credit of the united States.”
Senator Barry Goldwater
“Federal Reserve Notes are illegal”
US Representative Dr. Ron Paul
“These international bankers and Rockefeller-Standard Oil interests control the majority of newspapers and the columns of these papers to club into submission or drive out of public office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government.”
- Teddy Roosevelt
Americans also have to ask themselves why they were not taught the truth about the Federal Reserve in school.
The US Congress initially defined a lawful money “dollar” as being and consisting of (at least) 371.25 grains of pure silver. Before 1965 anyone could exchange one paper dollar for one real silver dollar. However, in 1965 the united States’ mint stopped minting silver dollars. When this occurred inflation began to skyrocket. Now it takes a whole fist full of paper dollars (i.e., “Federal Reserve Notes”) to buy one real silver dollar. It now takes two working parents to support a family and the national debt is shooting over 12 trillion dollars! And this is not even counting the private debt by individuals and corporations, which is somewhere over 50 trillion dollars.
The paper and digital currency that bankers create out of thin air is backed by nothing. The more paper “dollars” they roll off the printing presses or digital “dollars” created by computers, the less each one is worth. Therefore, it takes more of ‘em to buy the things people need, so the price of everything has to go up and up and up in endless inflation. Unfortunately, wages for most people will not increase fast enough to stay ahead of the game. But not to worry, the international banksters have created plastic credit cards – VISA, Mastercard, American Express etc., to help the people out. Of course, they don’t bother to tell us that they do not create enough paper/digital currency to pay off the debt plus interest so mathematically the economy will eventually collapse as has always occurred in history with paper currencies.
The Federal Reserve system was created by international banking families such as the Rothschilds, Warburgs and Rockefellers. This international banking cartel creates “money” out of thin air. It only costs them a few cents to print each Federal Reserve Note “dollar bill”, and then they “bill” the American people for the full face value of the note. Then to add insult to injury, they charge Americans interest to borrow their so-called “money”. If you or I did this, we would be arrested for counterfeiting and fraud. This system was instituted gradually, starting with the Civil War and culminating with the fraudulent passage of the Federal Reserve Act in 1913.
The passage of the Federal Reserve Act was unconstitutional because 1) the US Constitution prohibited “bills of credit” (i.e., paper notes) and 2) the US Constitution would have to be amended to go off the silver and gold coin standard for money. The US Constitution, the supreme Law of the Land, can only be amended pursuant to Article V. The US Constitution cannot be amended by statute. These unlawful actions by a criminal Congress remind me of a quote by Alfred E. Neuman of Mad Magazine fame: “America is that land which fought for freedom and then passed laws to get rid of it.”
The Federal Reserve is also a monopoly- in a country where monopolies are supposed to be illegal. The US income tax department – Internal Revenue Service (IRS) – deposits people’s income tax payments directly in the Federal Reserve banks- not in the United States Treasury. Therefore, the Internal Revenue Service (IRS), an unconstitutional entity, is merely the collection agency for the international banksters. Over the years the IRS has become a tool of the elite banking families to financially attack and/or imprison people who expose the Federal Reserve.
If you take out a paper dollar and look at it, you will notice that it states at the top of the “bill”: “FEDERAL RESERVE NOTE”. A “note” is, by definition, an “instrument of debt” and “evidence of debt”. According to BLACK’S LAW DICTIONARY (Sixth Ed.) “MONEY” is defined: “In usual and ordinary acceptation it means coins and paper currency used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate.” Now this may come as a shock to some people, but those paper “Federal Reserve Notes” are not money and they are not dollars. Federal Reserve Notes are merely an informal document acknowledging debt. There is nothing backing these “bills” except debt. However, people voluntarily use them as instead of money and as dollars. The key word is “as” – The smallest words can have the biggest meanings.
Banks can create this phony “currency” out of thin air. Banks can loan out “currency” that they don’t even have. When you apply for a loan from a bank, the bank does not have anything to back up that loan because they are allowed to loan out about 7 to 10 times more “currency” than they have on deposit. This is not mere speculation; this is a matter of court record, testimony under Oath, by a former lawyer for the Federal Reserve. In other words bankers create “currency” with just the stroke of a pen or the keystroke of a computer. These bankers then charge you “interest” to borrow this “currency”, which is nothing more than some numbers typed on a piece of paper! If American People ever did this they would be spending many years in a US federal prison. Unfortunately, they do not print enough currency to pay the interest so more pseudo-dollars must be borrowed to pay off the interest, resulting in a unpayable, ever-increasing debt.
There is a nationwide criminal conspiracy of bankers and lawyers to overthrow the USA. Every war that the USA has fought since the Spanish-American war of 1898 was started by the Rothchilds & Rockefellers to destroy the American Constitutional liberties.
Wall Street is a confidence trick, a dazzling edifice built on paper promises, gambling, bets and rampant speculations. Wall Street doesn’t manufacture or produce anything. Wall Street, however attractive it may appear, is built on paper.
Wall Street speculation caused a 70% increase in the price of wheat from June to December 2010 and severed food crisis in more than 35 countries. However, there was no significant change in the global food supply or in food demand. The total value of Wall Street speculative financial derivatives reached more than $600 trillion – about 10 times global GDP. Wall Street’s speculative derivatives are virtually untaxed and banks often avoid paying tax on profits from selling derivatives. Every consumer is paying more for commodities including food and fuel due to the excessive speculation by Wall Street.
Modern day bank robbers are at Wall Street but they wear grey suits and not masks. Rampant speculators, propagandists and financiers of Wall Street are all given some unfair advantage over the average consumers and taxpayers and the cumulative effect of the people watching selfishness prevail over the public interest has been an undermining of the public’s trust in the present US government. There’s no question that Wall Street is rigged against the average consumers and taxpayers. Wall Street has a lot more information. Wall Street jerry-rigged the system so that Wall Street always win. If Wall Street loses trillions, the US Treasury will bail the Wall Street out so it can go back and do it again.
50 trillion dollars in global wealth was erased between September 2007 and March 2009, including 7 trillion dollars in the US stock market, 6 trillion dollars in the US housing market, 8 trillion dollars in the US retirement and household wealth, 2 trillion dollars in the US individual retirement accounts, 2 trillion dollars in the US traditional defined benefit plans and 3 trillion dollars in the US nonpension assets. Greed, arrogance and incompetence created a massive meltdown, cost trillions, and still Wall Street comes out richer and more powerful.
There are trillions dollars of new money taken again from Americans to make deals and hand out outrageous bonuses. And when these trillions run out, Wall Street will come back for more until the dollar becomes junk. The value of the US dollar declined very significantly during the last 70 years. The value of the US dollar in 1940 was worth 2,000% more than the value of the US dollar now.
The USA emerged from the World War II as the richest and most industrialized country in the world, with 50% of world’s manufacturing facilities. But today the USA is basically approaching bankruptcy. Many big US manufacturers are outsourcing to Mexico and China to increase their profits, adding more unemployment in the USA. Manufacturing jobs in the USA declined 37% between 1998 and 2010. Since manufacturing industries has declined in the USA, the US competitiveness in the global marketplace has also declined.
Robust financial markets don’t imperil capitalism. In the early 1980′s Wall Street began to escape reasonable important regulations of the marketplace. The US government gradually adopted a “too big to fail” policy for the Wall Street, saving lenders with failing businesses from losses. The demise of Glass Steagall act helped spawn the credit crisis by allowing the Wall Street to create financial instruments that allowed them to escape reasonable limits, including constraints on speculative borrowing and requirements for the disclosure of important facts. The extremely lucrative hedge funds and other risk management derivatives including credit default swaps don’t fund or invest in successful growing businesses. The credit default swap market was the single biggest cause of the crash 4 years ago.
Wall Street’s suicidal capitalism built on rampant speculation eventually posed an untenable risk to the US economy—a risk that culminated in the trillions of dollars’ worth of the US government bailouts and guarantees that the US government scrambled starting in late 2008. But in 2008 the US government was compelled to replace private risk takers at the Wall Street with government capital so that money and credit flows wouldn’t stop, precipitating a depression. As a result, these Wall Street became impervious to the vital market discipline that the threat of loss provides. Wall Street lenders of the financial markets continue to understand that the US government would protect them in the future if necessary. This implicit guarantee by the US government harms capitalism and economic growth.
The top 6 US banks had assets of less than one fifth of US GDP in 1995. Now they have two third of US GDP. The financial crisis was created by the Rothchild owned biggest US banks to consolidate power. The big banks became stronger as a result of the bailout by the US Treasury. The big banks are turning that increased economic clout into more political power. Wall Street has undue influence on the US government policies and this situation reflects a failure of democratic representation for the other 99% Americans.
Oligarchy is the political power based on economic power. And it’s the rise of Wall Street in economic terms, that it’d turn into political power. Wall Street will then continue to feed that back into more deregulation, more opportunities to go out and take reckless risks and capture trillions of dollars.
Wall Street only has the lobbyists. Today more than 42,000 Wall Street lobbyists manipulate USA’s 537 elected officials with huge campaign contributions that fund candidates who support their agenda. It no longer matters who’s the President of USA.
The political and economical leadership of the US has chosen to cartel profits and transformed the US economy to serve the colluding and unlawful oligarchy. The political and economical leadership of the US is bailing out failed paradigms with trillions of dollars while committing social injustice to its people. The political and economical leadership of the US including the US Congress have now become Wall Street’s “Trojan Horses”. The US banks are borrowing money at near zero interest from the US government, then lending it back to the US government at even mere fractions higher interest than they are paying. The net interest margin made by the US banks by lending the money back to the US federal government in the first 6 months of 2011 is 210 billion dollars.
Gerge W Bush and Barrack Obama have doubled the US debt, and the American people have no benefits from it. The US military did not conquer Iraq and has been forced out politically by the government that US established. There is no victory in Afghanistan, and after a decade the US military does not control Afghanistan. Huge sums of US taxpayers’ money have flowed into the US armaments industries and huge amounts of power into Homeland Security. The American empire works by stripping its citizens of wealth and liberty.
On September 10, 2001, US Secretary of Defense Donald Rumsfeld declared war. Not on foreign terrorists, “…the adversary’s closer to home. It’s the Pentagon bureaucracy.. the Pentagon could not account for 2.3 Trillion dollars.” he said. The very next day September 11, 2011 the Pentagon building was hit wiping out the entire accounts department and all the personnel that worked within it, leaving no records of the missing trillions.
The organizers and profiteers of war and death – the past four generations of Bush family – Samuel P Bush, Prescott S Bush, George H W Bush and George W Bush along with a group of international investment bankers and corporate executives, have been instrumental in creating and profiting from extremely costly and destructive wars. Four generations of Bush family have reaped tremendous profits from the wars they orchestrated. The war profiteers of Wall Street are now pushing the US towards a nuclear war with Iran.
On 2012 New Year’s Eve, with almost no mainstream media attention given to it, President Barack Obama signed the National Defense Authorization Act of 2012, or NDAA, into law codifying indefinite military detention without charge or trial into law for the first time in American history. The NDAA’s dangerous detention provisions would authorize the president — and all future presidents — to order the military to pick up and indefinitely imprison people captured anywhere in the world, far from any battlefield.
Obama’s administration, and all future administrations can now use the military to detain individuals, including political dissidents – even American citizens on US soil – without trial or formal charges. Without court involvement or a jury deciding you are actually guilty. And “detain” is really a euphemism for IMPRISON, of course, in a semi-secret military black site, without access to an attorney, potentially for life.
Obama also signed into law something which attacks American’s First Amendment rights to peaceful assembly and freedom of speech. The Federal Restricted Buildings and Grounds Improvement Act of 2011, or Trespass Bill, signed into law by Barack Obama on March 9, 2012, “potentially makes peaceable protest anywhere in the US a federal felony punishable by up to 10 years in prison.” More specifically, peaceful protest within proximity to those protected by the Secret Service, including presidential candidates and the President, may be a federal felony now.
Even worse a former high-ranking NSA official, who spent more than three decades within the spy agency, just recently came out in a nationally televised interview and asserted that more than 20 trillion of American citizens’ communications have been intercepted – mostly without a warrant or judicial review of any kind.
Furthemore, the NSA is now building a $2 billion data centre in Utah to crunch all of this data. In other words, $2 billion of American taxpayer dollars are going toward spying on American citizens within the US without warrant or court approval. This is not only an outlandish waste of money, it’s illegal.
Also reporters at ridiculously mainstream publication USA Today are now claiming that Pentagon-sponsored “propaganda contractors” have initiated a widespread character assassination and reputation destroying campaign against them.
Due to the oligarchs’ rapacious looting and their purchase of a politically protected luxurious lifestyle, the people of the US are on the road to permanent serfdom under a police state. Tens of millions in the US live desperate slave like existences and they hold little hope for a better life. The democracy was not given to the people of the US on a platter. It is not theirs for all time, irrespective of their efforts. Either people of the US organize and they find political leadership to take this on or they are going to be in deep trouble.
The failures of governance to address the current critical issues have already produced catastrophic consequences. Now we are experiencing a major global paradigm shift and it is still unfolding. Thirty-two US states including California, Illinois, Nevada, Arizona, Florida, New Jersey and Michigan are on the brink of insolvency as their tattered and fading economy is now direr than ever. Inevitably in very near future the US government will order police or military to martial law which may lead to a second American revolution.
In 1792 the US Congress adopted legislation titled “An act establishing a mint, and regulating the Coins of the United States”. Section 9 of that act authorized the production of the dollar coin and each to contain 416 grains of standard silver. In July 1944 an agreement was reached at the United Nations Monetary and Financial Conference which pegged the value of gold at US$35 per troy ounce and the whole world looked on US$ as the gold standard in purchases. But in 1971, the US President Nixon took the US$ off the gold standard after his administration realized that the privately owned Federal REserve no longer had enough gold to buy back every dollar that foreign governments were handing in.
In 1973, the US President Nixon asked King Faisal of Saudi Arabia to accept only the US$ in payment for oil, and to buy US Treasury bonds, notes and bills with their excess profits, so that USA can continue spending money and not pay it back. In return, the USA pledged to protect Saudi Arabian oil fields from seizure by USSR and other nations including Iraq and Iran.
The 1973 Arab-Israeli War upset this agreement and caused the Great Oil Embargo of 1974. By 1975 the Great Oil Embargo was over and all members of Organisation of Petroleum Exporting Countries (OPEC) accepted to sell their oil only in US$. Every nation was saving their surpluses in US$ since every country needed US$ to buy oil. The OPEC oil sales supported the US$. The petrodollar system was a brilliant political and economic move created a growing international demand for both the US$ and US debt – all at the expense of OPEC.
Since only the Rothchild owned US Federal Reserve can print the US$, the US control the flow of oil. The US essentially owns the world’s oil for free because oil is denominated in US$ and the US$ is the only fiat currency for trading in oil.
So long as almost three quarter of world trade is done in US$, the US$ is the currency which central banks accumulate as reserves. But central banks, whether China or Japan or Brazil or Russia, do not simply stack US$ in their vaults. Currencies have one advantage over gold. A central bank can use it to buy the state bonds of the issuer, the USA. Most countries around the world are forced to control trade deficits or face currency collapse, but not the USA. This is because of the US$’s reserve currency role and the underpinning of the reserve role is the petrodollar. Every nation needs to get US$ to import oil, some more than others. This means their trade targets US$ countries.
The vast majority of the oil is traded on the New York Mercantile Exchange and the London International Petroleum Exchange and both oil exchanges are owned by the US corporations and transact oil trades in only in US$.
Because oil is an essential commodity for every nation, the petrodollar system, which exists to the present, demands the buildup of huge trade surpluses in order to accumulate US$ surpluses. This is the case for every country but one — the privately owned US Federal Reserve which controls the US$ and prints it at will or fiat. Because today the majority of all international trade is done in US$, countries must go abroad to get the means of payment they cannot themselves issue. The entire global trade structure today works around this dynamic, from Russia to China, from Brazil to South Korea and Japan. Every country aims to maximize US$ surpluses from their export trade. Currently over 13,000 billion of newly printed US$ is flooding into international commodity markets each year.
The petrodollar system nearly broke down during the US President Carter’s tenure, mainly due to double digit inflation. But the US President Reagan removed all controls on oil and fuel prices and all restrictions on oil drilling to restore the stability of the US$. Oil flooded the market, prices fell, and petrodollars became more valuable. These were some of the most prosperous years that the US had. But the danger remained, because the US continued to spend more US$ than it earned.
The US President Reagan saw the future of the US depending on the massive international consumption of oil, and encouraged the Saudi Arabia to flood the market. This brought the price of oil down and increased the consumption – a complete reversal of the 1973 oil embargo.
Increasing oil use boosted international demand for the US$ and the US economy soared, while the low price of oil brought the USSR economy to its knees, as they could not sell oil at a profit due to their high extraction cost. The USSR finally collapsed in 1991.
Petrodollar system created consistent international demand for US$ and upwards pressure on the US$’s value, regardless of economic conditions in the US. The high US$ allowed the US to buy imported goods at a massive discount, a kind of subsidy for the US consumers at the expense of the rest of the world. The high consumption of imports, however, hit the US manufacturing very hard. The overvalued US$ was a major component of the bubble economy of the late 1990′s.
The reality is that the value of the US$ is determined by the fact that oil is sold in US$. If the denomination changes to another currency, such as the euro, many countries would sell US$ and cause the banks to shift their reserves, as they would no longer need US$ to buy oil. This would thus weaken the US$ relative to the euro. The USA propagates war to protect its oil supplies, but even more importantly, to safeguard the strength of the US$. The fundamental underlying motive of the US in the Iraq war, even more than the control of the oil itself, is an attempt to preserve the US$ as the leading oil trading currency. The fear of the consequences of a weaker US$, particularly higher oil prices is seen as underlying and explaining many aspects of the US foreign policy, including the Iraq and Libyan War. The evidence so far definitively proves upon examination from the disclosed evidence of US government that all claims for current US wars were known to be lies as they were told to the public and not mistaken intelligence.
Until November 2000, no OPEC country dared violate the US$ price rule. So long as the US$ was the strongest currency, there was little reason to as well. But November 2000 was when France and other EU members finally convinced Iraq’s Saddam Hussein to defy the USA by selling Iraq’s oil-for-food not in US$, but only in euros. Few months before the US moved into Iraq to take down Saddam Hussein, Iraq had made the move to accept Euros instead of US$ for oil, and this became a threat to the global dominance of the US$ as the reserve currency, and its dominion as the petrodollar. The euros were on deposit in a special UN account of a French bank, BNP Paribas.
If this Iraq move to defy the US$ in favor of the euro were to spread, especially at a point the US$ was already weakening, it could create a panic selloff of US$ by foreign central banks and OPEC oil producers. In the months before the latest Iraq war, hints in this direction were heard from Russia, Iran, Indonesia and even Venezuela. In April 2002 at the invitation of the EU, in Oviedo Spain, Iranian OPEC representative Javad Yarjani delivered a detailed analysis of how OPEC at some future point might sell its oil to the EU for euros not US$.
All indications are that the Iraq war was seized on as the easiest way to deliver a deadly pre-emptive warning to OPEC and others, not to flirt with abandoning the petrodollar system in favor of one based on the euro. The Iraq move was a declaration of war against the US$. As soon as it was clear that the UK and the US had taken down Saddam Hussein’s regime, a great sigh of relief was heard in the Rothchild owned UK Banking cartels.
After considerable delay, Iran opened an oil bourse which does not accept US$. Many fear that the move will give added reason for the USA to overthrow the Iranian regime as a means to close the bourse and revert Iran’s oil transaction currency to US$. In 2006 Venezuela indicated support of Iran’s decision to offer global oil trade in euro.
Former Libyan leader Muammar Qaddafi made a similar bold move by initiating a movement to refuse the US$ and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar. Muammar Qaddafi suggested establishing a united African Union, with its 200 million people using this single currency. The initiative was viewed negatively by the USA and the EU. Even French president Nicolas Sarkozy called Libya a threat to the financial security of mankind. But Muammar Qaddafi continued his push for the creation of a united Africa.
Muammar Qaddafi’s proposal to introduce a gold dinar for Africa revived the notion of an Islamic gold dinar floated in 2003 by Malaysian Prime Minister Mahathir Mohamad, as well as by some Islamist movements. The notion, which contravenes IMF rules and is designed to bypass them, had had trouble getting started. But today Iran, China, Russia, and India are stocking more and more gold rather than US$.
If Muammar Qaddafi were to succeed in creating an African Union backed by Libya’s currency and gold reserves, France, still the predominant economic power in most of its former Central African colonies, would be the chief loser. The plans to spark the Libya’s Benghazi rebellion were initiated by French intelligence services in November 2010.
The cost of wars are not nearly as big as they are made out to be. The cost of not going to war would be horrendous for the US unless there were another way of protecting the US$’s world trade dominance. The USA paid for the wars by printing more US$. In the USA, the defence industry, the oil industry, the major media networks, and indeed, US foreign policy, are all controlled by the same business combines.
In February 2011, Dominique Strauss-Kahn, managing director of the International Monetary Fund (IMF), has called for a new world currency that would challenge the dominance of the US$ and protect against future financial instability. In May 2011 a 32 year old maid, Nafissatou Diallo, working at the Sofitel New York Hotel, alleged that “Skirt Chasing” Strauss-Kahn had sexually assaulted her after she entered his suite. Strauss-Kahn quit IMF on May 18, 2011.
Iran and Venzuela have constantly been threatened by the US, for accepting Chinese renminbi (RMB), also known popularly as the yuan for oil. If euros, yens, renminby or rubles were generally accepted for oil, the US$ would quickly become irrelevant and worthless paper. This petrodollar arrangement is enforced by the US military.
Venezuela reportedly has the largest oil reserves in the world. Venezuelan President Hugo Chavez has been a strong proponent for tighter Latin America integration which is a move away from the power of the US banking cartels.
Venezuelan President Hugo Chavez formed oil export agreements with Cuba, directly bypassing the petrodollar system. Cuba was among those countries that were later added to the “Axis of Evil” by the USA. On August 18, 2011 Venezuelan President Hugo Chavez announced a plan to pull Gold reserves from the US and European Banks. On Aug 24, 2011 a 7 magnitude earthquake occurred in Northern Peru bordering Venezuela which doesn’t use the petrodollar system and Brazil which has been engaged in discussions to end the US$ denominated oil transactions.
Venezuelan President Hugo Chavez has accused the USA of using HAARP (High Frequency Active Auroral Research Program) based weapons to create earthquakes. HAARP is an ionospheric research program that is jointly funded by the US Air Force, the US Navy, the University of Alaska and the Defense Advanced Research Projects Agency. The HAARP program operates a major Arctic facility, known as the HAARP Research Station, located on an US Air Force owned site near Gakona, Alaska.
HAARP has the ability to manipulate weather and produce earthquakes, since it is capable of directing almost 4 Mega Watts powerful radio waves in the 3 to 10 MHz region of the HF band up into the ionosphere. This energy can be bounced off of the ionosphere and permeate the earth and subsequently cause strong intense oscillations along fault lines of targeted areas to produce earthquakes. Using HAARP, depending on the frequency, focusing, wave shape, adversaries can induce at a distant aiming point, a variety anomalous weather phenomena such as hurricanes, flooding, or drought.
Any naturally-occurring earthquake has a ‘pulse-wave’ and several recent earthquakes did not have a pulse effect, indicating to seismologists that they could not have been caused naturally. According to several countries including Russia, China and Venezuela, HAARP type technology weapons are used against several countries causing severe destructions in Haiti, Japan, Russia, China, Iran, Chile, New Zealand, Afghanistan, Turkey, India, Sri Lanka etc.
If any country attempt to eliminate the Petrodollar system and dump surplus US$ into the international and US financial markets to cause the quick collapse of the US$ may be attacked with HAARP to destabilize its economy and currency and to prevent a move away from the US$ and the petrodollar system. War is used as a continuous foreign policy with the USA in present egregious and unlawful abuse of their superpower status.
The US manufacturers who can’t compete with low priced Chinese goods must either lower their costs or go bankrupt. To lower their costs, many US manufacturers are outsourcing to India and China, adding more unemployment in the USA. Manufacturing jobs in the USA declined 35% between 1998 and 2010. Since manufacturing industries declined in the USA, the US competitiveness in the global marketplace is also declined.
The US economy is in a deep hole and US shouldn’t dig any more. Reckless money printing by privately owned Federal Reserve – known as “Quantitative Easing” and economical stimulus packages introduced in the aftermath of the Credit Crunch, has made very little impact on the growth of the US economy. Current US economical growth is not adequate enough to create jobs and to get an economy back on track. The USA is living beyond its means and cannot cut expenditures or increase taxes to narrow the deficit. Now the banks are under enormous pressure to lend more money but reckless lending by banks got the US into this mess in the first place.
The credit crunch initiated in 2007 in the subprime mortgage market in the US had devastating spill-over effects for China’s exports. The scarcity of US$, due to the repatriation and deleveraging flows into the US financial system caused a sudden plunge in the external demand for goods manufactured by China and triggered the consequent lay-off of several millions of workers in China. This experience encouraged China to use its own currency in trade.
The US may have averted a debt default by compromising on how to cut the US budget deficit, but underlying problems remain and those economic woes are driving a global search for an alternative reserve currency. The USA now needs a net inflow of several billions US$ a day to cover its deficit.
The US President Barack Obama launched his primary anti-foreclosure plan, the Home Affordable Modification Program (HAMP) in 2009 to encourage the US banks to rewrite mortga
Nalliah Thayabharan,
I am very surprised that you haven’t been called an anti semite. I don’t think you are going to get bullied by the Jews that like to cover up the truth by using the anti semite stamp because you are too educated.
I have always said that Israel and a large majority of Jews are out to take over the US and the entire world and make all non jews into slaves. Believe it or not, its too late because we are already screwed.
Germany was hopelessly broke when Adolf Hitler came to power in 1933 . The Treaty of Versailles (le Traité de Versailles) had imposed crushing reparations on the German people, demanding that Germans repay every nation’s costs of the war. These costs totaled three times the value of all the property in Germany.
Private currency speculators caused the German currency to plummet, precipitating one of the worst runaway inflations in modern times. A wheelbarrow full of 100 billion-mark banknotes could not buy a loaf of bread. The national treasury was empty. Countless homes and farms were lost to speculators and to private Zionist controlled banks. Germans lived in hovels. They were starving.
Nothing like this had ever happened before – the total destruction of the national currency – German mark, plus the wiping out of German’s savings and businesses. On top of this came a global depression. Germany had no choice but to succumb to debt slavery under international Zionist bankers until 1933, when the National Socialists came to power. At that point the German government thwarted the Zionist international banking cartels by issuing its own money. Zionist bankers responded by declaring a global boycott against Germany.
Adolf Hitler began a national credit program by devising a plan of public works that included flood control, repair of public buildings and private residences, and construction of new roads, bridges, canals, and port facilities. All these were paid for with money that no longer came from the private international Zionist bankers.
The projected cost of these various programs was fixed at one billion units of the national currency. To pay for this, the German government (not the international Zionist bankers) issued bills of exchange, called Labor Treasury Certificates. In this way the National Socialists put millions of people to work, and paid them with Treasury Certificates.
Under the National Socialists, Germany’s money wasn’t backed by gold which was owned by the international Zionist bankers. It was essentially a receipt for labor and materials delivered to the government. Adolf Hitler said, “For every mark issued, we required the equivalent of a mark’s worth of work done, or goods produced.” The government paid workers in Certificates. Workers spent those Certificates on other goods and services, thus creating more jobs for more people. In this way the German people climbed out of the crushing debt imposed on them by the international Zionist bankers.
Within two years, the unemployment problem in Germany had been solved, and Germany was back on its feet. It had a solid, stable currency, with no debt, and no inflation, at a time when millions of people in the United States and other Western countries controlled by international Zionist bankers were still out of work. Within five years, Germany went from the poorest nation in Europe to the richest.
Germany even managed to restore foreign trade, despite the international Zionist bankers’ denial of foreign credit to Germany, and despite the global boycott by Zionist-owned industries. Germany succeeded in this by exchanging equipment and commodities directly with other countries, using a barter system that cut the private Zionist bankers out of the picture. Germany flourished, since barter eliminates national debt and trade deficits. Today Venezuela does the same thing today when it trades oil for commodities, plus medical help, and so on. Hence the Zionist bankers are trying to squeeze Venezuela.
Hjalmar Schacht, a Rothschild agent who was temporarily head of the German central bank, summed it up thus… An American banker had commented, “Dr. Schacht, you should come to America. We’ve lots of money and that’s real banking.” Schacht replied, “You should come to Berlin. We don’t have money. That’s real banking.”
Schacht, the Rothschild agent, actually supported the private international Zionist bankers against Germany, and was rewarded by having all charges against him dropped at the Nuremberg trials.
This economic freedom made Adolf Hitler extremely popular with the German people. Germany was rescued from English economic theory, which says that all currency must be borrowed against the gold owned by a private and secretive Zionist banking cartel — such as the Federal Reserve, or the Central Bank of Europe — rather than issued by the government for the benefit of the people.
Canadian researcher Dr. Henry Makow who is Jewish himself says the main reason why the Zionist bankers arranged for a world war against Germany was that Hitler sidestepped the Zionist bankers by creating his own money, thereby freeing the German people. Worse, this freedom and prosperity threatened to spread to other nations. Adolf Hitler had to be stopped!
Makow quotes from the 1938 interrogation of Christian Rakovsky, one of the founders of Soviet Bolsevism and a Lev Davidovich Bronshtein (Trotsky) intimate. Christian Rakovsky was tried in show trials in the USSR under Joseph Vissarionovich Stalin. According to Christian Rakovsky, Adolf Hitler was at first funded by the international Zionist bankers, through the bankers’ agent Hjalmar Schacht. The bankers financed Adolf Hitler in order to control Joseph Stalin, who had usurped power from their agent Lev Davidovich Bronshtein (Trotsky). Then Adolf Hitler became an even bigger threat than Joseph Stalin when Hitler started printing his own money.
Joseph Stalin came to power in 1922, which was eleven years before Adolf Hitler came to power.
Christian Rakovsky said:
“Adolf Hitler took over the privilege of manufacturing money, and not only physical moneys, but also financial ones. He took over the machinery of falsification and put it to work for the benefit of the people. Can you possibly imagine what would have come if this had infected a number of other states?” (Henry Makow, “Hitler Did Not Want War”).
Economist Henry C K Liu writes of Germany’s remarkable transformation:
“The Nazis came to power in 1933 when the German economy was in total collapse, with ruinous war-reparation obligations and zero prospects for foreign investment or credit. Through an independent monetary policy of sovereign credit and a full-employment public-works program, the Third Reich was able to turn a bankrupt Germany, stripped of overseas colonies, into the strongest economy in Europe within four years, even before armament spending began.”
(Henry C. K. Liu, “Nazism and the German Economic Miracle”).
In Billions for the Bankers, Debts for the People (1984), Sheldon Emry commented:
“Germany issued debt-free and interest-free money from 1935 on, which accounts for Germany’s startling rise from the depression to a world power in five years. The German government financed its entire operations from 1935 to 1945 without gold, and without debt. It took the entire Capitalist and Communist world to destroy the German revolution, and bring Europe back under the heel of the Bankers.”
These facts do not appear in any textbooks today, since Zionist own most publishing companies. What does appear is the disastrous runaway inflation suffered in 1923 by the Weimar Republic, which governed Germany from 1919 to 1933. Today’s textbooks use this inflation to twist truth into its opposite. They cite the radical devaluation of the German mark as an example of what goes wrong when governments print their own money, rather than borrow it from private Zionist cartels.
In reality, the Weimar financial crisis began with the impossible reparations payments imposed at the Treaty of Versailles. Hjalmar Schacht – the Rothschild agent who was currency commissioner for the Republic — opposed letting the German government print its own money… “The Treaty of Versailles is a model of ingenious measures for the economic destruction of Germany. Germany could not find any way of holding its head above the water, other than by the inflationary expedient of printing bank notes.”
Schacht echoes the textbook lie that Weimar inflation was caused when the German government printed its own money. However, in his 1967 book The Magic of Money, Schacht let the cat out of the bag by revealing that it was the PRIVATELY-OWNED Reichsbank, not the German government, that was pumping new currency into the economy. Thus, the PRIVATE BANK caused the Weimar hyper-inflation.
Like the U.S. Federal Reserve, the Reichsbank was overseen by appointed government officials, but was operated for private gain. What drove the wartime inflation into hyperinflation was speculation by foreign investors, who sold the mark short, betting on its decreasing value. In the manipulative device known as the short sale, speculators borrow something they don’t own, sell it, and then “cover” by buying it back at the lower price.
Speculation in the German mark was made possible because the PRIVATELY OWNED Reichsbank (not yet under Nazi control) made massive amounts of currency available for borrowing. This currency, like U.S. currency today, was created with accounting entries on the bank’s books. Then the funny-money was lent at compound interest. When the Reichsbank could not keep up with the voracious demand for marks, other private banks were allowed to create marks out of nothing, and to lend them at interest. The result was runaway debt and inflation.
Thus, according to Schacht himself, the German government did not cause the Weimar hyperinflation. On the contrary, the government (under the National Socialists) got hyperinflation under control. The National Socialists put the Reichsbank under strict government regulation, and took prompt corrective measures to eliminate foreign speculation. One of those measures was to eliminate easy access to funny-money loans from private banks. Then Adolf Hitler got Germany back on its feet by having the public government issue Treasury Certificates.
Schacht , the Rothschild agent, disapproved of this government fiat money, and wound up getting fired as head of the Reichsbank when he refused to issue it. Nonetheless, he acknowledged in his later memoirs that allowing the government to issue the money it needed did not produce the price inflation predicted by classical economic theory, which says that currency must be borrowed from private cartels.
What causes hyper-inflation is uncontrolled speculation. When speculation is coupled with debt (owed to private Zionist banking cartels) the result is disaster. On the other hand, when a government issues currency in carefully measured ways, it causes supply and demand to increase together, leaving prices unaffected. Hence there is no inflation, no debt, no unemployment, and no need for income taxes.
Naturally this terrifies the Zionist bankers, since it eliminates their powers. It also terrifies Zionists, since their control of banking allows them to buy the media, the government, and everything else.
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