Flashback: IMF Calls For New Global Currency To Replace Dollar

I posted this well over a year ago and got the usual laughs and Ad-Hoc attacks.....Here we are today and realizability has once again set in.....They TELL you what they are going to do....yet few believe it.....why??


This chart shows how the IMF projects the gradual replacement of the dollar with greater holdings of SDR's:

From the IMF press release...

Over time, Mr. Strauss-Kahn said that there may be a greater role for the IMF’s international reserve asset, called the Special Drawing Right, or SDR, to contribute to a more stable monetary system. Although a number of obstacles remain in the way, increasing the global stock of SDRs could help alleviate global imbalances by reducing the need for an excessive buildup of reserves, he said. He added that issuing SDR-denominated bonds could create a potentially new class of reserve assets, and that use of the SDR to price global trade and denominate financial assets would provide a buffer from exchange rate volatility.
Bye Bye America

 

TSA Thugs Confiscates Pregnant Woman's Insulin, Ice Packs

Security Tells Woman Isulin Vial Was An Explosives Risk. A Denver couple has filed a formal complaint with the Transportation Security Administration after a pregnant woman's insulin and ice packs were confiscated by screeners at Denver International Airport.

"He's like, 'Well, you're a risk.' I'm like, 'Excuse me?' And he's like, 'This is a risk ... I can't tell you why again. But this is at risk for explosives,'” the woman said.

"I got a bottle of nail polish. I got hair spray bottles. I got needles that are syringes. But yet I can't take through my actual insulin?” she asked.

“When I started asking for names of people everybody scattered even more and left me crying at the TSA checkpoint," the woman said.

She said she was able to get half a vial through security, apparently unnoticed by TSA agents.

Thought De Jour

"A time will come when a politician who has willfully made war and promoted international dissension will be as sure of the dock and much surer of the noose than a private homicide. It is not reasonable that those who gamble with men's lives should not stake their own:" - H.G. Wells

FALSHBACK: Geithner: No Risk U.S. Will Lose AAA Credit Rating - EVER - He Knew He Was Lying When He said it!

Everything you won't read in the mainstream media about the debt deal

THERE WAS NO SPENDING CUTS!
The Boehner led House passed legislation that INCREASES spending by $8 TRILLION over the next ten years versus a baseline budget that would have increased spending by $9.5 TRILLION over the same period.

Defense and war machine spending will grow at 3% per year instead of 4% per year.

This was nothing but an agreement to agree at a later date to look for reductions in planned spending GROWTH.

CBO(Congressional Budget Office)says under this plan, the national debt will INCREASE from $14.4 TRILLION currently to more than $25 TRILLION over the next 10 years....The assumption for this above assumes the economy grows at 3% per year over the next 10 years, and that Treasury interest rates stay at historic lows. When rates increase because of the downgrade, and bet your life that they will, interest on the debt will increase and so will annual deficits, leading to a national debt much higher than the $25 TRILLION that CBO estimates.

Regarding Treasury rates and interest on the debt, get educated about an Econ concept called 'DURATION RISK.' Turbo Geithner and his MENSA bed-fellows at Treasury have chosen to finance the great majority of recent and future borrowing in short-term bills, which means that they have to be rolled over frequently. This is perhaps the least-discussed and most dangerous issue related to Treasury debt. With the downgrading this will skyrocket.

With the downgrade comes the likelihood that a Sovereign CDS default(A credit default swap) will be triggered and Global Financial Armageddon could be unleashed.

Because of the general publics ignorance of economics as practiced by the FED we have passed the tipping point where things could get very ugly very quick...If you haven't prepared to provide for your family, time is now very,VERY short....

How To RIG the Stock Market

In recent days we have seen HUGE swings in the stock market...The FED has a Plunge Protection Team created by Executive Order 12631 under Ronald Reagan

See http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

This 'team' receives it orders from the FED on a daily basis(how would YOU like THAT inside info) and attempts to run the market up so every thing seems just dandy in America

If you follow the Market, you may have noticed that the market opened down and was falling on Friday....THEN all of a sudden there is a magical upward shove and the indicators are marching a solid straight line for a positive close...The market was not acting the way the indicators said it should, which suggests 'Plunge Protection Team' on the job!

One way the insiders can rig the market is to use their high-speed direct computer links to place a huge order for stocks, then when the market reacts to the order by moving upwards, canceling the order. As the market plateaus, the order is placed again and as soon as the index starts up, again canceled. By repeating this trick hundreds of times a second, insiders with direct high-speed trading systems (such as Goldman Sachs) can game the market indices up while the media assures you this is all because of a good jobs report which only days ago they were reporting was bad!

"Reuters NYC: The Labor Department reported that the economy created 117,000 jobs in July and revised the prior months’ growth slightly to bring the average over the last three months to 72,000 jobs per month. This rate of job growth is below the 90,000 a month needed to keep pace with the growth of the labor force. Consistent with this fact, the employment to population ratio (EPOP) fell slightly to 58.1 percent, tying its previous low for the downturn. While the unemployment rate edged down to 9.1 percent, this was entirely attributable to people leaving the labor force."

With access like that you could make millions in a few seconds or destroy or sky rocket a companies stock in a few seconds to create a 'good market outlook' for the lamestram media to support your lies....its THAT easy...

Who Owns The World Banking System?

You Need to know THIS information before there can be ANY discussion of current US Economics!

The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.


According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.(10K Filings of Fortune 500 Corporations to SEC. 3-91)

So who then are the stockholders in these money center banks?


This information is guarded much more closely. Queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds. This is rather ironic, since many of the bank’s stockholders reside in Europe.


One important repository for the wealth of the global oligarchy that owns these bank holding companies is US Trust Corporation - founded in 1853 and now owned by Bank of America. A recent US Trust Corporate Director and Honorary Trustee was Walter Rothschild. Other directors included Daniel Davison of JP Morgan Chase, Richard Tucker of Exxon Mobil, Daniel Roberts of Citigroup and Marshall Schwartz of Morgan Stanley. (10K Filing of US Trust Corporation to SEC. 6-28-95)

J. W. McCallister, an oil industry insider with House of Saud connections, wrote in The Grim Reaper that information he acquired from Saudi bankers cited 80% ownership of the New York Federal Reserve Bank- by far the most powerful Fed branch- by just eight families, four of which reside in the US. They are the Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London; the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome.


CPA Thomas D. Schauf corroborates McCallister’s claims, adding that ten banks control all twelve Federal Reserve Bank branches. He names N.M. Rothschild of London, Rothschild Bank of Berlin, Warburg Bank of Hamburg, Warburg Bank of Amsterdam, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Bank of Italy, Goldman Sachs of New York and JP Morgan Chase Bank of New York. Schauf lists William Rockefeller, Paul Warburg, Jacob Schiff and James Stillman as individuals who own large shares of the Fed. ( “The Federal Reserve ‘Fed Up’. Thomas Schauf. www.davidicke.com 1-02) The Schiffs are insiders at Kuhn Loeb. The Stillmans are Citigroup insiders, who married into the Rockefeller clan at the turn of the century.

Eustace Mullins came to the same conclusions in his book The Secrets of the Federal Reserve, in which he displays charts connecting the Fed and its member banks to the families of Rothschild, Warburg, Rockefeller and the others. (The Secrets of the Federal Reserve. Eustace Mullins. Bankers Research Institute. Staunton, VA. 1983. p.179)

The control that these banking families exert over the global economy cannot be overstated and is quite intentionally shrouded in secrecy. Their corporate media arm is quick to discredit any information exposing this private central banking cartel as “conspiracy theory”. Yet the facts remain.....

The Federal Reserve Bank was born in 1913, the same year US banking scion J. Pierpont Morgan died and the Rockefeller Foundation was formed. The House of Morgan presided over American finance from the corner of Wall Street and Broad, acting as quasi-US central bank since 1838, when George Peabody founded it in London.


Peabody was a business associate of the Rothschilds. In 1952 Fed researcher Eustace Mullins put forth the supposition that the Morgans were nothing more than Rothschild agents. Mullins wrote that the Rothschilds, “…preferred to operate anonymously in the US behind the facade of J.P. Morgan & Company”. (Ibid. p.53)

Author Gabriel Kolko stated, “Morgan’s activities in 1895-1896 in selling US gold bonds in Europe were based on an alliance with the House of Rothschild.” (The Triumph of Conservatism. Gabriel Kolko. MacMillan and Company New York. 1963. p.142)


The Morgan financial octopus wrapped its tentacles quickly around the globe. Morgan Grenfell operated in London. Morgan et Ce ruled Paris. The Rothschild's Lambert cousins set up Drexel & Company in Philadelphia.


The House of Morgan catered to the Astors, DuPonts, Guggenheims, Vanderbilts and Rockefellers. It financed the launch of AT&T, General Motors, General Electric and DuPont. Like the London-based Rothschild and Barings banks, Morgan became part of the power structure in many countries.


By 1890 the House of Morgan was lending to Egypt’s central bank, financing Russian railroads, floating Brazilian provincial government bonds and funding Argentine public works projects. A recession in 1893 enhanced Morgan’s power. That year Morgan saved the US government from a bank panic, forming a syndicate to prop up government reserves with a shipment of $62 million worth of Rothschild gold. (Rule by Secrecy: The Hidden History that Connects the Trilateral Commission, the Freemasons and the Great Pyramids. Jim Marrs. HarperCollins Publishers. New York. 2000. p.57)


Morgan was the driving force behind Western expansion in the US, financing and controlling West-bound railroads through voting trusts. In 1879 Cornelius Vanderbilt’s Morgan-financed New York Central Railroad gave preferential shipping rates to John D. Rockefeller’s budding Standard Oil monopoly, cementing the Rockefeller/Morgan relationship.


The House of Morgan now fell under Rothschild and Rockefeller family control. A New York Herald headline read, “Railroad Kings Form Gigantic Trust”. J. Pierpont Morgan, who once stated, “Competition is a sin”, now opined gleefully, “Think of it. All competing railroad traffic west of St. Louis placed in the control of about thirty men.”( The House of Morgan. Ron Chernow. Atlantic Monthly Press NewYork 1990)


Morgan and Edward Harriman’s banker Kuhn Loeb held a monopoly over the railroads, while banking dynasties Lehman, Goldman Sachs and Lazard joined the Rockefellers in controlling the US industrial base. (Marrs. p.57)


In 1903 Banker’s Trust was set up by the Eight Families. Benjamin Strong of Banker’s Trust was the first Governor of the New York Federal Reserve Bank. The 1913 creation of the Fed fused the power of the Eight Families to the military and diplomatic might of the US government. If their overseas loans went unpaid, the oligarchs could now deploy US Marines to collect the debts. Morgan, Chase and Citibank formed an international lending syndicate.


The House of Morgan was cozy with the British House of Windsor and the Italian House of Savoy. The Kuhn Loebs, Warburgs, Lehmans, Lazards, Israel Moses Seifs and Goldman Sachs also had close ties to European royalty. By 1895 Morgan controlled the flow of gold in and out of the US. The first American wave of mergers was in its infancy and was being promoted by the bankers. In 1897 there were sixty-nine industrial mergers. By 1899 there were twelve-hundred. In 1904 John Moody - founder of Moody’s Investor Services - said it was impossible to talk of Rockefeller and Morgan interests as separate. (Democracy for the Few. Michael Parenti. St. Martin’s Press. New York. 1977. p.178)

More to come if anyone is interested....