Adonis Diaries

Posts Tagged ‘act establishing a mint regulating Coins of United States”

“Wall Street” and the Rothschild owning biggest US banks

You might be suspicious that I am posting a few articles using Nalliah Thayabharan as a different pen name. That is not the case: Nalliah has been responding with extensive replies to a few of my posts.

This reply is a “comment” to my https://adonis49.wordpress.com/2012/05/18/finally-mighty-market-finance-and-liberal-capitalism-have-human-faces-to-confront/

“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.  Attractive Wall Street 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.  It does not seem that there was a 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 and they wear grey suits and no 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.

About 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 non-union pension 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 “liberal 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, 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 Rothschild 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.

George W Bush and Barrack Obama have doubled the US debt, and the American people reaped no benefits from it. The US military is out of Iraq.There is no victory in Afghanistan, and after a decade of protracted war, the US military does not control Afghanistan. Huge sums of US taxpayers’ money have flowed into the US armaments industries and great power invested into Homeland Security. The American empire works by stripping its citizens of wealth and liberty.

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 what could trample 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.

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.

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 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….

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$.

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 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.

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 Strauss-Kahn had sexually assaulted her after she entered his suite. Strauss-Kahn quit IMF on May 18, 2011.

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 (see note 2) 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 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” (see note 3) 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 economic 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 leveraging 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 mortgages of about 4 million homeowners at risk of losing their homes. But the fight against foreclosures continues to muddle and underwhelm. Only 300,000 homeowners received a mortgage modification in the first six months of 2011, while 600,000 houses fell into foreclosure.

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 US banks are borrowing money at near zero interest from the US government, then lending it 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 government in the first 6 months of 2011 is $211 billion.

The financial crisis was created by the Zionists owned biggest US banks to consolidate power. 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 Zionists owned big banks became stronger as a result of the bailout. They’re turning that increased economic clout into more political power.

Due to oligarchs’ rapacious looting and their purchase of a politically protected luxurious lifestyle, the US citizens are on the road to permanent serfdom under a police state. The financial situation of states including California, Illinois, Nevada, Arizona, Florida, New Jersey and Michigan is now more dire than ever.  Inevitably in very near future the US government will have to order police or military to martial law which may lead to a second American revolution.

The economic problems in Greece, Spain, Portugal and Italy are very precarious. The bailout phenomenon is not working in Greece which is on the brink of defaulting on its debt. It is impossible for the EU to bailout Italy which is the third largest economy in Europe. Klaus Regling, the head of the European rescue fund, recently said: “the EU could issue bonds in Chinese renminbi(yuan) and not in euro”.

India, 4th largest GDP and populous democracy in the world has joined with  China and Russia questioning US$ as reserve currency. India’s famed white marble monument to love “Taj Mahal” had charged US$15 or 750 Indian rupees as entry fee for each tourist, has been not accepting US$ anymore.

Brazil, Russia, India and China (BRIC) are buying each other’s bonds and swapping currencies to lessen dependence on the US$. These four countries are among the biggest holders of US Treasuries and have combined reserves of almost 3,000 billion US$.

The value of the US$ declined significantly during the last 70 years.  The value of the US$ in 1940 was worth 17 times more than the value of the US$ now. The day OPEC stops pricing oil in fiat dollars, is the day the USA will collapse completely. The reason the fiat dollar game has gone on as long as it has the US$ as the global reserve currency.

In 2011 Russia began selling its oil to China in rubles. The US debt crisis adds new urgency to the China’s efforts to promote its currency renminbi as an alternative reserve currency. China has already signed bilateral currency swap agreements with several countries ranging from Indonesia to Belarus and Argentina to promote its currency renminbi as a means of settlement in international trade.

China’s growing trade and financial links with the rest of the world will make the renminbi more acceptable. To compound matters further Japan and the China have decided to trade in their respective currencies giving a smack to the not so almighty US$.

Now we are experiencing a major global paradigm shift and it is still unfolding. If countries continue to lose their willingness to hold the US$ the impact to the US$ and the collapse of the US$ could be very  dramatic.

US Declaration of Independence, July 4, 1776, states:

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed.

That whenever any form of government becomes destructive to these ends, it is the right of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness.

Prudence, indeed, will dictate that governments long-established should not be changed for light and transient causes; and accordingly all experience hath shown that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.

But when a long train of abuses and usurpation of rights, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.

Such has been the patient sufferance of these colonies; and such is now the necessity which constrains them to alter their former systems of government…”

Napoleon Bonaparte said in 1815: “Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” 


“There is no calamity greater than lavish desires, no greater guilt than discontent and no greater disaster than greed” Laozi

“Greedy desire is endless and therefore can never be satisfied” Buddha

(This article and so many others claim that “Financial Zionism” is leading the US…I beg to differ: It is the US that comprehended the influence of Zionism early on and used it to further its dominion on world finance. Zionism is glad to oblige, doing what it does best, at a the grandest of scales…)

Note 1: Since Nalliah Thayabharan article is pretty lengthy, I decided to relegate large sections, PetroDollar stories to another posts, and a few sections to footnotes such as note 2. 

Note 2: 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 ionosphere 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.

Note 3: Benjamin Franklin opened the eyes of the Rothschild family in England on the benefits of issuing more money as the internal market in the US grows. the Rothschild family managed to be the exclusive money printer for the US in 1804. The massive printing of worthless dollars is not the case in current US, but a blatant mean to dominate world finance…

Advertisements

adonis49

adonis49

adonis49

October 2019
M T W T F S S
« Sep    
 123456
78910111213
14151617181920
21222324252627
28293031  

Blog Stats

  • 1,345,637 hits

Enter your email address to subscribe to this blog and receive notifications of new posts by email.adonisbouh@gmail.com

Join 690 other followers

Advertisements
%d bloggers like this: