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From Switzerland With No Love - Wegelin Bank Says Goodbye

Tyler Durden's picture





 

Swiss private bank Wegelin says goodbye and good riddance to America. An absolute must read.

 


hat tip Gonzalo Lira

 


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Wed, 09/02/2009 - 10:02 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

The is the greatest fear of the Fed and by extension the US Government. The victims of the abuse finally abandon the abuser.

Wed, 09/02/2009 - 11:34 | Link to Comment . . .
. . .'s picture

Wegelin's letter is trully bizarre.  There was a letter this year by Ray Dalio or Lewitt of HCM much better, saying to be on guard for illegal violations of investors rights.

Wegelin tries to claim the developed world government started a cycle of lawbreaking, when their citizens who willfully refused to report income to the authorities started the cycle.  He sounds like the extreme civil libertarians that came up with the exclusionary evidence rule that if the authorities get evidence through illegal means the evidence is kicked out of court.  Guilty is guilty.  If a crimnal breaks the law, he ought to be punished, and if a cop breaks the law to catch him, punish the cop too.  They can share a cell.

Dalio's or Lewitt's letter was much better, in terms of discussing threats to creditors rights.  Wegelin's is really empty rhetoric saying the road to hell is paved with shutting down tax havens.  As opposed to seeing it as a sherriff being willing to fight in the dirt, if that's where the criminals choose to hide out.

Wed, 09/02/2009 - 11:36 | Link to Comment Anonymous
Wed, 09/02/2009 - 12:12 | Link to Comment . . .
. . .'s picture

I read it all.  It is an industry shill peice, to defend banks in the business of facilitating illegal activities.  The purported rationale is that this leads to some parade of horribles in which governments have no respect for private property.  It is one of Larry Summers "the world will end" unless you do what I want.  I laugh at it.

Wed, 09/02/2009 - 13:28 | Link to Comment Anonymous
Sat, 11/06/2010 - 18:18 | Link to Comment sohbetme
sohbetme's picture

I agree with you.. greetings by chat

Wed, 09/02/2009 - 13:34 | Link to Comment Anonymous
Wed, 09/02/2009 - 15:34 | Link to Comment Anonymous
Wed, 09/02/2009 - 19:15 | Link to Comment chumbawamba
chumbawamba's picture

The fuck it isn't you braying jackass.

I am Chumbawamba.

Wed, 09/02/2009 - 11:43 | Link to Comment Anonymous
Wed, 09/02/2009 - 12:07 | Link to Comment . . .
. . .'s picture

If the US obtains evidence by breaking US law, then evidence is inadmissible.  It wouldn't necessarily violate any US law for the IRS to demand information on US account holders, get an order by a US court ordering the banks to cough it up, and if the banks refuse, to get a court order seizing the banks US assets as punishment.

Wed, 09/02/2009 - 12:06 | Link to Comment ToNYC
ToNYC's picture

Please read it again, by..., sans agenda. It's the Swiss version of Fr. Guido Sarducci's "Arrivederci, America!" All Blackwater's drones won't save you now.

Wed, 09/02/2009 - 12:29 | Link to Comment Anonymous
Wed, 09/02/2009 - 18:47 | Link to Comment Rusty Shorts
Rusty Shorts's picture

Read very carefully, there is no 4th and 5th ammendment.

 

 "It is an established fact that the United States Federal Government has
been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1,
Public Law 89-719; declared by President Roosevelt, being bankrupt and
insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 - Joint
Resolution To Suspend The Gold Standard and Abrogate The Gold Clause
dissolved the Sovereign Authority of the United States and the official
capacities of all United States Governmental Offices, Officers, and
Departments and is further evidence that the United States Federal
Government exists today in name only."
 

"The receivers of the United States Bankruptcy are the International
Bankers, via the United Nations, the World Bank and the International
Monetary Fund. All United States Offices, Officials, and Departments are now
operating within a de facto status in name only under Emergency War Powers.
With the Constitutional Republican form of Government now dissolved, the
receivers of the Bankruptcy have adopted a new form of government for the
United States. This new form of government is known as a Democracy, being an
established Socialist/Communist order under a new governor for America. This
act was instituted and established by transferring and/or placing the Office
of the Secretary of Treasury to that of the Governor of the International
Monetary Fund. Public Law 94-564."

 

The Federal Reserve System is a sovereign power structure separate and
distinct from the federal United States government. The Federal Reserve is a
maritime lender, and/or maritime insurance underwriter to the federal United
States operating exclusively under Admiralty/Maritime law. The lender or
underwriter bears the risks, and the Maritime law compelling specific
performance in paying the interest, or premiums are the same.

 

We the People are the tenants and sharecroppers renting our own property from a Sovereign in the
guise of the Federal Reserve Bank.

 

Mon, 12/28/2009 - 20:24 | Link to Comment Anonymous
Wed, 09/02/2009 - 13:53 | Link to Comment Anonymous
Wed, 09/02/2009 - 17:16 | Link to Comment Anonymous
Sun, 09/06/2009 - 18:30 | Link to Comment Anonymous
Wed, 09/02/2009 - 17:19 | Link to Comment Anonymous
Wed, 09/02/2009 - 18:10 | Link to Comment Anonymous
Wed, 09/02/2009 - 10:16 | Link to Comment Anonymous
Wed, 09/02/2009 - 10:39 | Link to Comment Anonymous
Wed, 09/02/2009 - 11:46 | Link to Comment zeropointfield (not verified)
Wed, 09/02/2009 - 12:26 | Link to Comment Anonymous
Wed, 09/02/2009 - 10:57 | Link to Comment Anonymous
Wed, 09/02/2009 - 10:59 | Link to Comment chumbawamba
chumbawamba's picture

LOL

What ignorant smugitacity.

I am Chumbawamba.

Wed, 09/02/2009 - 11:14 | Link to Comment Marley
Marley's picture

Agree.  Next we go after the balance of the offenders, off shore accounts, and pseudo-American corporations.

Wed, 09/02/2009 - 18:26 | Link to Comment Anonymous
Wed, 09/02/2009 - 12:29 | Link to Comment Anonymous
Wed, 09/02/2009 - 13:35 | Link to Comment Anonymous
Wed, 09/02/2009 - 17:19 | Link to Comment Anonymous
Wed, 09/02/2009 - 19:27 | Link to Comment chumbawamba
chumbawamba's picture

You are a horse's ass.  Please slap your mother across the face the next time you are within slapping proximity to her for bringing such a crasshole into the world.

I am Chumbawamba.

Wed, 09/02/2009 - 10:17 | Link to Comment Anonymous
Wed, 09/02/2009 - 10:35 | Link to Comment Anonymous
Wed, 09/02/2009 - 11:15 | Link to Comment chumbawamba
chumbawamba's picture

Friends, did you get some silver?
Did you get a little gold?
What did you bring me, my dear friends, to keep me from the gallows pole?

I am Chumbawamba.

Wed, 09/02/2009 - 11:28 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

WRONG; Swiss banks did not directly collaborate with Hitler, but Bank for International Settlements ordered them to accept the money coming from Germany in order to finance the BIS itself. And BIS was a synergy of Schacht's idea and WS money. Swiss banks at the time did not accept direct money from Germany but via BIS. BIS was run, at the time, by Schacht ( till his departure as Reichsbank chairman ) and French, American, British and Italian bankers. Furthermore IG Farben ( US subsidiary ) and SONJ,IBM, GM and FORD mandated that the loans coming for Germanys re-armament are to be held first with the BIS and then distributed to Swiss banks and then channeled to German banks, who would then channeled it to industrial complexes ( so the money could gain interest many times and not just one ). The part of collaboration you speak of is when German officers and individuals deposited gold and paintings into vaults of Swiss banks, but that was an individual act, not a standard mechanism.

Wed, 09/02/2009 - 11:35 | Link to Comment Anonymous
Wed, 09/02/2009 - 11:50 | Link to Comment Anonymous
Wed, 09/02/2009 - 12:32 | Link to Comment Anonymous
Wed, 09/02/2009 - 13:49 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

when someone writes the word " whatever " in the beginning of the sentence it is my impression that i am talking to a 17 yo cheerleader; but never mind my assumption i will give you an answer to your question. I do not defend the NSDAP or Germany in this case, what i am saying is that some historical accuracy must be achieved when talking about Swiss banks and NSDAP and Germany. It was not a plan by the Swiss banks to collaborate with Germany in the 30s and 40s. They had no official business and that needs to be known. Second of all; if private individuals commit an illegal act and profit from that act and deposit the illegal profits from that act into a bank; the bank does no officially collaborate with individuals or institutions which/who have committed the act. And another important parameter that should be taken into regard is the historical neutrality of Switzerland and its private and public institutions. And it is one thing when something is official and something is unofficial. The difference is important when it comes to many legal issues; but i will not go into that area with my response. And Germany's officials did not only put their loot into Swiss banks, but also in Argentinian ones, Italian ones and particularly Spanish banks; and also in vast number of banks in south America. Historical accuracy is important and should not be fogged by someone who has prejudices towards someone/something. Facts are neutral; it is individuals who paint them.

Wed, 09/02/2009 - 14:25 | Link to Comment Anonymous
Wed, 09/02/2009 - 20:12 | Link to Comment Anonymous
Wed, 09/02/2009 - 22:37 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

quote: " How the f*** would you know? Even if you were alive then, you would only know what was official if you were making Nazi policy. "

wow !!!! either you have actually nuked the entire epistemology OR you are just plain and simply wrong

don't guess; it the later; and i will not go into epystemological discussion with you

How can i know; well there is this thing called a book; and if that thing ( further mentioned simply as: BOOK ) is any good; it is written based on factual evidence and supported either by observation, experiment or mathematical proof; since we are talking about a historic occurrence here; then it must be that the BOOK is well based on observation collected by reading the documents from that time and with talking to witnesses from that particular time. I DON'T KNOW nothing per se; I GAIN KNOWLEDGE; you should try to do the same.

Oh; and you might want to learn what a priori and a posteriori mean and represent in the general theory of knowledge ( epistemology ) before you draw your toddler argument ( i point to the fact that you have based you critique on the false assumption that i; or any other being; can not know anything that has happened before i was born; and thus that i have no knowledge about the events which took place before i was born ) about what i do know, what i don't know, what i can know, and what i can not know.



Wed, 09/02/2009 - 14:34 | Link to Comment Sqworl
Sqworl's picture

Hi Cheeky...I MISSED YOU..X

Wed, 09/02/2009 - 11:10 | Link to Comment chumbawamba
chumbawamba's picture

"...according to reliable sources, the tentacles of the narcotics mafia now reach well into political circles..."

Stings too hard, does it, anonymous?  Or should I call you DENNIS HASTERT!?

I am Chumbawamba.

Wed, 09/02/2009 - 10:21 | Link to Comment AN0NYM0US
AN0NYM0US's picture

Hey ZH - not that I am a blog monitor but it would be nice if you at least acknowledged your alter-ego in this story, she posted same earlier on her own site and referenced it here  a couple of threads ago.

 

http://zeropointfield.wordpress.com/2009/09/02/bank-wegelin-says-goodbye...

 

 

Wed, 09/02/2009 - 10:23 | Link to Comment Tyler Durden
Tyler Durden's picture

Had no idea it was posted elsewhere. Here is the original link: http://www.wegelin.ch/download/medien/presse/kom_265en.pdf

Wed, 09/02/2009 - 11:54 | Link to Comment Chief Hatuey
Chief Hatuey's picture

ZeroHedge I hope you find this write up worthwhile.

Unequal taxes, unequal accountability for crime, unequal influence, unequal privacy, and unequal access to natural resources and our commons…this sounds like a trailer for ShowTime’s “Tudors”.

What was once ridiculed and ignored months ago is now mainstream news. But what is happening that no one is talking about? What is the most important thing that corporations do not want us to engage with?

Citizens United v. Federal Election Commission is arguably more important than healthcare, more important than the stealing of our 401ks, pensions and the lack of meaningful change promised during our last election. This court case will be the death blow to our Republic by opening the gates for corporations to steal what is left of our Constitution and Bill of Rights. Once opened to further manipulation our world will change forever. “I for one say not on my watch!”

The following links should be reviewed now or after reading my commentary. 

Fast forward to 1 hour: 6 min: 40 seconds. The following 7 minutes of video will give greater details. This is beyond right and left politics.

www.am1090seattle.com/pages/4976215.php?

This article gives a brief historical over view of specific cases past and present regarding Citizens United v. Federal Election Commission.

www.commondreams.org/view/2009/07/06-0

We went from less than 300 lobbyists before Reagan’s administration to over 35,000 lobbyists currently servicing us and showering our elected representatives with campaign contributions and golden parachutes on Capitol Hill? (See Goldman Sachs or Tom Dashel for recent examples)

Prior to 1886, corporations were referred to in U.S. law as "artificial persons." but in 1886, after a series of cases brought by lawyers representing the expanding railroad interests, the Supreme Court ruled that corporations were "persons" and entitled to the same rights granted to people under the Bill of Rights.

Lawyers representing corporate interests to extend additional rights to businesses have abused the Fourteenth Amendment originally passed after the Civil War to grant all persons including freed slaves (not corporations) equal rights.

To sum it up we have lost the legal structures to keep corporate influence in check.

As a result, instead of kings and queens today we the people must rein in the power of the multinational corporations.  They have the power to influence our lives financially (ask the grandpa working at McDonalds), mentally (all media controlled by less than 10 corps.), physically (healthcare or lack thereof) and emotionally (see all the above) on a daily basis.

The CEOs  and their politicians have taken from a generation past, present and the future. Like a school yard bully they are flaunting this power in our collective faces.

The CEO of UBS for example last week played a round of golf with our president!

http://www.msnbc.msn.com/id/32541719/ns/politics-white_house/

Despite contributing $ 250,000.00 dollars to his campaign I cannot help but think that in some way President Obama paid for that round of golf. Regardless of what the founding fathers would have thought “that pisses me off!”

 Our constitutional protection has been methodically stripped away. Since 1886 the courts have either given away or the corporations have taken the power to engage the average citizen in a new kind of slavery. They have shifted not only an unfair share of taxes to the man of the house but his wife as well.  Oh yeah, the kids could be next if we as individuals don’t draw the line regarding Citizens United v. Federal Election Commission.  That ladies and gents is a third world country.

The founding fathers fought to keep power in the hands of the people and prevent institutions similar to the multinational of their time the East India Company from gaining unlimited economic and political power. It has been argued to be the real igniter to the Boston Tea Party.  For many years corporations played in the sandbox responsible to the people and governments that granted them the right to exist.

By the courts legally recognizing corporations as persons we have come full circle to facilitate and reward the types of actions and behaviors of the East India Company that this country originally fought so hard to get away from.

If we do not collectively take action to have our voices heard concerning Citizens United v. Federal Election Commission our Republic will be replaced by a new 'Third Reich' of corporate tyranny.

This court case will determine whether corporations seize complete control of the regulatory process for their own purposes and to our demise as U.S. Citizens.

 

In conclusion I would like to state that I am not a writer, or blogger. I just realize that if I do not participate or engage I am just as guilty as any in the den of thieves.  All I ask of those who post to please state what they will do right now to have their voice heard regarding Citizens United v. Federal Election Commission.  Any suggestions would be appreciated as to how we can impact a court case. This case will be heard September 9th.  The judges past decisions appear to favor corporations. “If this passes it will blow up all restrictions regarding corporate bribery.”

Thanks TD

Wed, 09/02/2009 - 13:05 | Link to Comment Anonymous
Wed, 09/02/2009 - 19:30 | Link to Comment chumbawamba
chumbawamba's picture

Sure, sounds great.  Let's just shred the rest of the Constitution while we're at it.

I am Chumbawamba.

Wed, 09/02/2009 - 19:42 | Link to Comment Anonymous
Wed, 09/02/2009 - 10:24 | Link to Comment Hephasteus
Hephasteus's picture

There's still alot of missing questions on this document. Esentially it's blaming the IRS for trying to "repatriate" itself. This is the snake trying to eat it's tail with a missing head.

Wed, 09/02/2009 - 11:01 | Link to Comment Ruth
Ruth's picture

No, I think it's the head eating it's tail, question is...if the head gets too big does it explode?  Either way, I think everybody runs.

Wed, 09/02/2009 - 10:29 | Link to Comment Anonymous
Wed, 09/02/2009 - 10:34 | Link to Comment Anonymous
Wed, 09/02/2009 - 11:29 | Link to Comment gmrpeabody
gmrpeabody's picture

+1

Wed, 09/02/2009 - 11:34 | Link to Comment chumbawamba
chumbawamba's picture

Since when did US State Department buffoons start haunting the ZH comments section?

What sad commentary on America, these comments.  Truly sad.

Here you go:

China Moves To Unilaterally Cancel OTC Derivative Loss Debts Held By State

"This is the most important economic event since the fall or shove into bankruptcy of Lehman.

Few understand."

Count yourself outside the "few".  Douche.

I am Chumbawamba.

Wed, 09/02/2009 - 10:36 | Link to Comment Mos
Mos's picture

As a country we are broke.  It's no surprise that the IRS is going to go after every American's money outside the US.  It is a surprise that a foreigner can be taxed when inheriting US securities.  I never knew this.

Wed, 09/02/2009 - 11:00 | Link to Comment Hephasteus
Hephasteus's picture

Why? As a country medicare and social security is broke and we owe a few foreign countries what 3 trillion. But that still leaves the head of the snake. Who says we owe them and why? There has to be a fraudulant claim somewhere that affects all the other legitimate claims.

Wed, 09/02/2009 - 10:37 | Link to Comment What_Me_Worry
What_Me_Worry's picture

An amazing, articulate letter.  Well worth the read.

Wed, 09/02/2009 - 10:41 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

good for you Wegelin; now you can go back to laundering money for Colombian narco cartels and African warlords without anyone trying to screw your game. 

Wed, 09/02/2009 - 10:53 | Link to Comment Hephasteus
Hephasteus's picture

Wecome back CB. Hope you caught up on your sleep.

Wed, 09/02/2009 - 10:57 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

thanks Hephasteus; its nice to be back; no; didn't get much sleep; i had  female company for the past several days so; sleep would only spoil it. 

Wed, 09/02/2009 - 11:01 | Link to Comment chumbawamba
chumbawamba's picture

Oh, so you finally called a maid to clean up all the pizza boxes?  Good for you.

I am Chumbawamba.

Wed, 09/02/2009 - 11:16 | Link to Comment Anonymous
Wed, 09/02/2009 - 11:30 | Link to Comment gmrpeabody
gmrpeabody's picture

+1

Mon, 12/28/2009 - 20:37 | Link to Comment Anonymous
Wed, 09/02/2009 - 10:49 | Link to Comment genieous
genieous's picture

Sheist - as the German Swiss would say

Merde - as the French Swiss would say

Toast as the Americans will say

Wed, 09/02/2009 - 10:52 | Link to Comment Anonymous
Wed, 09/02/2009 - 10:56 | Link to Comment Anonymous
Wed, 09/02/2009 - 12:54 | Link to Comment thomasstreet
Wed, 09/02/2009 - 22:07 | Link to Comment Anonymous
Wed, 09/02/2009 - 10:56 | Link to Comment Anonymous
Wed, 09/02/2009 - 11:38 | Link to Comment Anonymous
Wed, 09/02/2009 - 10:56 | Link to Comment Anonymous
Wed, 09/02/2009 - 11:00 | Link to Comment slore
slore's picture

so um.. .are they offering to take on some of UBS' affected accounts?  Apparently the torched should be carried right?

Wed, 09/02/2009 - 11:05 | Link to Comment chumbawamba
chumbawamba's picture

Q. I wonder how many accounts of US politicians, intelligence directors and retired bankers will turn up in the names that UBS hands over?

A. None that we'll ever hear of.

I am Chumbawamba.

Wed, 09/02/2009 - 11:08 | Link to Comment Gabriel Gray
Gabriel Gray's picture

Would like to know just how many of those 4,450 are registered Republicans.

Wed, 09/02/2009 - 11:36 | Link to Comment JohnKing
JohnKing's picture

Bingo!

I'd like to know the process they used to cull from 50,000 names down to the current list.

I smell Rahm.

 

Wed, 09/02/2009 - 11:53 | Link to Comment Anonymous
Wed, 09/02/2009 - 16:54 | Link to Comment Anonymous
Wed, 09/02/2009 - 11:15 | Link to Comment Anonymous
Wed, 09/02/2009 - 12:53 | Link to Comment thomasstreet
thomasstreet's picture

"Giant oil discovery for BP in GOM, maybe jackup values will finally go up" Reports are that this is a deep-water find; no help for jack-ups there.

good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions

Wed, 09/02/2009 - 15:20 | Link to Comment Argos
Argos's picture

Yeah, nice term "giant".  It means maybe 250 million barrels

of oil, figure 30% actual recovery, that equals 3.6 DAYS worth

of U.S. consumption.  Scary eh?  Long live peak oil.

Wed, 09/02/2009 - 11:29 | Link to Comment Anonymous
Wed, 09/02/2009 - 12:36 | Link to Comment Anonymous
Wed, 09/02/2009 - 13:25 | Link to Comment Anonymous
Wed, 09/02/2009 - 11:42 | Link to Comment Anonymous
Wed, 09/02/2009 - 11:55 | Link to Comment Anonymous
Wed, 09/02/2009 - 11:42 | Link to Comment Mr. Anonymous
Mr. Anonymous's picture

Cry me a river, Argentina.  And don't let the door hit you in the ass on the way out.

Wed, 09/02/2009 - 12:12 | Link to Comment AnonymousMonetarist
AnonymousMonetarist's picture

Gross inequality results in anti-capital measures following the bust.

Another layer to Wegelin's thinking on taxes goes like this ... you see here in Europe when you run afoul of the tax authorities they freeze all your assets and you are just screwed. A couple fellas in funny hats can just define the rule to mean however much they want you to pay. In doing so they can make 'apple won't fall from the tree' arguments. So when you put crazy stuff into a 'green book' we immediately assume that the results will be to the extreme.

 

Wed, 09/02/2009 - 12:25 | Link to Comment 3greenlights
3greenlights's picture

Don't know about anyone else here, but I never got a job from a poor person. Nor a government.

Wed, 09/02/2009 - 12:53 | Link to Comment thomasstreet
thomasstreet's picture

Dalio's or Lewitt's letter was much better, in terms of discussing threats to creditors rights.

Wed, 09/02/2009 - 13:06 | Link to Comment Anonymous
Wed, 09/02/2009 - 13:38 | Link to Comment Anonymous
Wed, 09/02/2009 - 13:27 | Link to Comment Anonymous
Wed, 09/02/2009 - 13:31 | Link to Comment Anonymous
Wed, 09/02/2009 - 13:34 | Link to Comment Anonymous
Wed, 09/02/2009 - 13:56 | Link to Comment Anonymous
Wed, 09/02/2009 - 14:14 | Link to Comment rr_
rr_'s picture

Wow, so many lame comments.

What about the contention that the price of this tax enforcement will be paid in higher US Treasury rates?

Wed, 09/02/2009 - 14:20 | Link to Comment Anonymous
Wed, 09/02/2009 - 15:11 | Link to Comment rr_
rr_'s picture

Quicherbichen,

and sign up for an account here.

Wed, 09/02/2009 - 14:22 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

That was an eye opening article.

Wed, 09/02/2009 - 14:24 | Link to Comment Veteran
Veteran's picture

As an aside, when the feck we going to remove the tax exempt status of churches??  That's a huge cash cow.  Just as fraudulent as big finance, and worth almost as much

Wed, 09/02/2009 - 14:33 | Link to Comment waterdog
waterdog's picture

If I remember this correctly, some idiots working for UBS decided to lie to customs, or immigration, or whatever government agency it is that wants to know why a person wishes to enter this country legally. Then, a disgruntled employee of UBS turned the whole group in to the government agency.

The government agency extorted depositor names from UBS via outrageous fines. The Swiss evidently thought UBS was too big to fail and, gave in to the US instead of just responding to the US government agency with the phrase- UBS who? and then hanging up the phone.

Is not this the way it all went down? Or have I been lapping too often from the radiator coolant catch-can?

I swear, the older white men get the dumber we get.

Wed, 09/02/2009 - 16:15 | Link to Comment Anonymous
Wed, 09/02/2009 - 17:05 | Link to Comment Anonymous
Wed, 09/02/2009 - 19:09 | Link to Comment Anonymous
Wed, 09/02/2009 - 19:15 | Link to Comment Rusty Shorts
Rusty Shorts's picture

 Here's a little nugget...

 

In 1913, Congress sank America into eternal
debt by giving the power to issue currency and control the American economic
system to the privately owned Federal Reserve Bank.  Who are the owners or
chief shareholders of the privately owned Federal Reserve?     Originally,
there were reportedly 203,053 shares of privately owned Federal Reserve
stock, of which approximately 65% were owned by foreigners and approximately
35%(72,000 shares) were:
 1. Rockefellers' National City Bank = 30,000 shares
 2. Chase National = 6,000 shares (currently Chase Manhattan and owned by
David Rockefeller)
 3. The National Bank of Commerce = 21,000 shares (now known as Morgan
Guaranty Trust)
 4. Morgans' First national Bank = 15,000 shares
 Interestingly, the total shares owned by Rockefellers interests equal
36,000 shares and the total of Morgans' equals 36,000 shares.
 Although the privately owned Federal Reserve Act of 1913 provided the names
of the owner banks be kept a secret, R.E. McMaster, publisher of the
newsletter" The Reaper" discovered, through confidential Swiss banking
connections, that the following banks have controlling interest in the
privately owned Federal Reserve
 1. Rothschild Banks of London and Berlin
 2. Lazard Brothers Bank of Paris
 3. Israel Moses Sieff Banks of Italy
 4. Warburg Bank of Hamburg, Germany and Amsterdam
 5. Kuhn Loeb Bank of New York
 6. Lehman Brothers Bank of New York
 7. Goldman Sachs Bank of New York
 8. Chase Manhattan Bank of New York (Controlled By Rockefellers)

 In his impeccably researched book "Secrets of the Privately Owned Federal
Reserve", Eustace Mullins states:  "Because the privately owned Federal
Reserve Bank of New York sets interest rates and controls the daily supply
of price of currency throughout America, the owners of that bank are the
real directors of that whole system.  These shareholders have controlled our
political and economic destinies since 1913."  Those shareholders making up
 Mullins' list are almost identical to the one compiled by the Swiss banking
source.
 1. The Rothschild's
 2. Lazard Freres (Eugene Mayer)
 3. Israel Sieff
 4. Kuhn Loeb Company
 5. Warburg Company
 6. Lehman Brothers
 7. Goldman Sachs
 8. The Rockefeller family and J.P. Morgan interests

 Sounds like a real group of American Patriots, doesn't it!

Wed, 09/02/2009 - 19:49 | Link to Comment Anonymous
Wed, 09/02/2009 - 19:50 | Link to Comment Anonymous
Wed, 09/02/2009 - 20:33 | Link to Comment Anonymous
Thu, 09/03/2009 - 08:35 | Link to Comment blindfaith
blindfaith's picture

If it was not for the ill gotten money from thieves, drug lords, and crooks, Switzerland would be like 'what's it Stan", a third world country asking for OUR help.  Oh, and lets not forget the so cozy relationship THEY have with the Vatican.  WHO needs them???  No more chocolates on my pillow, that's for sure.

Thu, 09/03/2009 - 10:11 | Link to Comment Anonymous
Thu, 09/03/2009 - 09:22 | Link to Comment Anonymous
Thu, 09/03/2009 - 09:23 | Link to Comment Anonymous
Thu, 09/03/2009 - 09:48 | Link to Comment Anonymous
Thu, 09/03/2009 - 19:14 | Link to Comment Anonymous
Fri, 09/04/2009 - 04:07 | Link to Comment Anonymous
Sun, 09/06/2009 - 10:10 | Link to Comment pavloter
pavloter's picture

Does it mean we can anticipate a great sell-out in US equities? 

Tue, 09/08/2009 - 00:26 | Link to Comment Anonymous
Wed, 09/09/2009 - 07:09 | Link to Comment Anonymous
Wed, 11/10/2010 - 05:10 | Link to Comment cheap uggs for sale
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Tue, 11/16/2010 - 09:49 | Link to Comment healthelectron
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us bag manufacturer and bag supplier in china. Supply laptop bag, cooler bag, shopping bag, tool bag, garment
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