The Criminal Banking Cartel's End Game: A 100% Digital Monetary System

smartknowledgeu's picture

There is no doubt that the elite have always sought to carefully manufacture news and to control the beliefs of the masses through their interests in funding education and in owning media distribution channels for centuries. There is a wealth of history that chronicles the elite’s desires to control and sway public opinion by manufacturing news versusthe honorable journalism pursuit of reporting news in a fair and accurate manner. For example, in 1917, Congressman Oscar Callaway stated, as documented in the Congressional Record:


"In March, 1915, the J.P. Morgan interests, the steel, shipbuilding, and powder interests, and their subsidiary organizations, got together 12 men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press of the United
States. These 12 men worked the problem out by selecting 170 newspapers, and then began, by an elimination process, to retain only those necessary for the purpose of controlling the general policy of the daily press throughout the country. They found it was only necessary to purchase the control of 25 of the greatest newspapers. The 25 papers were agreed upon; emissaries were sent to purchase the policy, national and international, of these papers; an agreement was reached; the policy of the papers was bought, to be paid for by the month; an editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies, and other things of national and international nature considered vital to the interest of the purchasers.”

"This contract is in existence at the present time, and it accounts for the news columns of the daily press of the country being filled with all sorts of preparedness argument and misrepresentations as to the present condition of the United States Army and Navy and the possibility and probability of the United States being attacked by foreign foes. This policy also included the suppression of everything in opposition to the wishes of the interests served. The effectiveness of this scheme has been conclusively demonstrated by the character of stuff carried in the daily press throughout the country since March, 1915. They have resorted to anything necessary to commercialize public sentiment and sandbag the national congress into making extravagant and wasteful appropriations for the Army and Navy under the false pretense that it was necessary. Their stock argument is that it is ‘patriotism’ They are playing on every prejudice and passion of the American people."


In the century that followed, the financial elites worldwide have learned much through their brainwashing campaigns and have successfully consolidated their power to manufacture, rather than report, the news through mergers and acquisitions of multinational media companies. Noam Chomsky & Edward Herman’s landmark 1988 book Manufacturing Consent chronicled the continuing consolidation of news control into the hands of just a few people. Today, at the FreePress website,one can peruse the handful of companies that dominate US media. One can further peruse the same controlled media environments worldwide in many countries at the Wikipedia webpage: “Concentration of media ownership”.


Today, the media is making a deliberate push to condition the masses to an extremely dangerous idea of a cashless society – the end goal that the banking cartel wishes to impose upon the world in an effort to control and subjugate anyone that may dare have the guts to oppose any of their multitude of anti-humanitarian banking activities. Just peruse through
some of the below articles from the past several months that have popped up in major publications:


Does PayTag mean the end of cash in your pocket?” the UK Telegraph

The [Spanish] Government Prohibits Payments of Transactions Exceeding 2,500 EUR in Cash”, Libre Mercado

Time to Cash Out: Why Paper Money Hurts the Economy”, Wired Magazine

How Cash Keeps Poor People Poor”, Time Magazine


The above is a mere sampling of dozens of articles with the same tagline or topic that have been disseminated in the mass media over a condensed period of just a few months. Below you can find a sampling of paraphrased key ideas and principles that these articles desire to promote.

The Prime Minister of Spain, Mariano Rajoy Brey, announced that the Spanish government now prohibits payment in cash for any transaction involving business professionals that exceeds EUR 2,500.Cayo Lara, leader of the United Left party, stated that those who violate the ban will face fines of 25% of the amount of any transaction that exceeds 2,500 EUR that are made in cash.

Coins and paper bills are the silent enemy of the poor. Vishnu Sridharan of the New America Foundation argues that cash-based economies “harm the poor by heightening the risks they face when carrying money and fueling government corruption and inefficiency.”

Any form of money that is not digital is bad for society and bad for the poor. Imagine literally having your life savings under your mattress or folded into a coffee can, vulnerable to fire, thieves, drunken relatives or nagging neighbors. Imagine having to ride the bus for hours to settle a bill, or traveling for days to deliver funds to a relative. Digital money solves nearly all money problems for the poor.

These arguments, put forth by banking shill David Wolman, would offend the sensibilities and intelligence of even 12-year old children like Victoria Grant. Anyone that has the most rudimentary understanding of our present monetary system knows that inflation and fractional reserve banking, not coins and paper bills, are the silent enemy of the poor. Furthermore, coins would be the biggest friend to the poor if they were made of pure gold and pure silver. Instead, Wolman attempts to serve up massive servings of rubbish to the readers of Time and Wired magazines by deflecting attention away from the root problems of poverty, the fractional reserve banking system that punishes the poor, the elderly and savers. Wolman pushes a ridiculous argument that the root causes of poverty are based upon the idea that because we have money in physical form, that makes it easy for poor people to have their wealth stolen.


Wolman, never once, reveals the fact that our unsound, corrupt monetary system silently steals wealth from the poor in perpetuity through the constant assessment of the inflation tax upon their savings and that the greatest warrior against poverty would simply be to institute a sound monetary system. Furthermore, if Wolman is going to quote someone that says the poor should never possess money that could be burned in a fire then why should anyone ever possess anything that could be ravaged by fire? Clearly, Wolman’s agenda is one of the banking cartel and not to assist the poor as a purely digital monetary system further devolves our already unsound monetary system into an exponentially more unsound
monetary system.


Wolman continues his propaganda and lies campaign in Wired Magazine when he states that no taxpayer should ever want to pay the fees associated with creating paper money and coins that the public considers to be a “nuisance”. Coins are a nuisance today because they contain hardly any metal of value. But mint coins from gold and silver as was specified in the Coinage Act of 1792 and as specified in Article 1, Section 8, of the US Constitution and I’m sure that US citizens would not consider as a “nuisance” coins that appreciated in value every year against other useless coins used as money around the world. Also of great irony are the names of the organizations that are quoted in these articles, like the renaissance-sounding New America Foundation and the humanitarian-sounding Consultative Group to Assist the Poor (CGAP). The CGAP’s Mark Picken’s states: “The cell phone is the best point-of-sale terminal ever.” I’m not sure with what kind of poor people Mark Picken has been associating, but when I visited poor villages in Cambodia, Thailand, Myanmar, Mexico, Indonesia, etc., I don’t ever recall observing a high percentage of cell phone ownership.


A little digging reveals the true anti-humanitarian agenda of the Consultative Group to Assist Destroy the Poor. Unsurprisingly, given the deceit of Picken’s comments, the CGAP is funded by the ultra-elitist, poverty-creating World Bank. Ditto goes for the New America Foundation. The NAF’s founders and board members reads like a Who’s Who list of corporate and financial elitists from Ivy League Harvard University professors to Council on Foreign Relations (CFR) members to Google and Bilderberg member Eric Schmidt to former Washington Post editor Steve Coll. It should come as no surprise that the information provided within these articles originate from members of elitist organizations that have always had a hand in manufacturing consent through their control of media outlets and news.


These articles, as they were all released within a very condensed time period, indicate a premeditated effort by the banking elites to pre-condition people into an eventual Pavlovian
acceptance of a cashless society. Just as it is no coincidence that Charlie Munger, Warren Buffet and Bill Gates all chose to very publicly denigrate gold within days of one another in their failed effort to help suppress gold prices just a few weeks ago, it is no coincidence that a handful of major publications all published articles peddling a strong push and acceptance for the creation of a cashless economy. Such an argument, if accepted by the masses, is truly dangerous for a number of reasons.


First, the coordinated media deluge of articles pushing for a cashless society clearly delineates, in my opinion, the end game of the banking cartel run by the Rothschilds, Warburgs, Morgans, Rockefellers et al. –the collapse of our current fiat currency system. There are those that argue that these unprincipled men want to uphold our current system but I think that they are missing multiple signals that they actually want to bring our current monetary system to a great fiery crash in order to install an even more repressive monetary system to replace it.Secondly, these articles are dangerous because they are also clearly designed to condition the masses to adopt the erroneous beliefs that gold and silver will lose their value, for what value could gold and silver possibly have when all future money is to be represented by digital bytes passed back and forth among computers? These articles are designed with three purposes in mind in my estimation. One, to ensure that people that were on the fence about buying gold and silver will not purchase gold and silver. Two, to goad those that hold gold and silver now to make a bad decision and sell their physical stores of gold and silver for fear of a gold and silver “crash”. And three, to eventually seize more control over the people as 100% digital money makes it very easy for the banking elite, as described by the Morgans in 1915, to suppress “everything in opposition to [their] wishes.” If we ever were to gravitate to an all digital money society, and were the masses to believe Time Magazine’s propaganda that “coins”, and not fractional reserve banking-induced inflation, is the “silent enemy of the poor”, then once a dissenting voice grows too strong and too loud, the banking cartel merely needs to zero out the digital bytes in that opposing voice’s bank account to effectively forever silence dissent.


Or consider other scenarios in which a 100% digital monetary system makes it incredibly easy to silence dissent. What if you believe in solar-activity based global warming but believe that the carbon-based global warming theory is a banker manufactured fraud to increase taxes on the people and you refuse to pay some bogus government legislated carbon tax because you sincerely believe it to be unjust? If we live in a 100% digital money world, civil disobedience and refusal to pay what you feel to be an unjust tax may become impossible as the banking cartel can merely digitally siphon off your funds without protest being possible. Banking cartel theft of citizens’ wealth (in addition to the already existing theft through inflation and income taxes) obviously is more difficult under our present cash and coin system than it would be under a purely digital system. Consider the repercussions of bankers that try to impose an unjust new tax under a physical gold or physical silver monetary system. In order to enforce payment upon resistors, the banking/government cartel would have to send armed men into a resistor’s house to extract that money, with the risk that this resistor may react violently to these home invasions. This is a scenario that the elite banking families want to avoid at all costs, and thus the reason for their strong push to gain widespread acceptance of a purely digital monetary system.


In the meantime as Central Bankers push for mass acceptance of their digital monetary system through their media propaganda blitz, Central Banks continue to buy massive amounts of gold, even though they still employ their shills to tell you that gold is not money, affecting a remarkable about-face in policy from just a few years ago when they were consistently net sellers every year of 500 tonnes of gold or more. Today, Central Banks have to transformed from massive sellers of gold into massive net buyers of gold. At a minimum, this turnaround from net selling to net buying in just the past several years is 1000+ tonnes but could possibly be in the multiples of this figure as “official” figures of gold purchases are always significantly understated due to Central Banks’ delays in reporting gold purchases or avoidance of reporting purchases at all. For example, China has not reported any increase in their official gold reserves since 2009 although their imports of physical gold through the port of Hong Kong has recently been skyrocketing. Could it be a mere coincidence that Central Banks are so concerned with buying as much physical gold as possible right now at a time when their owners are engaging on a massive propaganda campaign in pushing an agenda of a 100% digital monetary source? I think not.


Furthermore, the Central Bank race to the bottom in their fiat currency devaluation war and their devolution into a permanent Zero Interest Rate Policy continues to chug along. Just this past week, the Reserve Bank of Australia cut its key interest rate by 25 bp. When is the last time you heard a Central Bank in any major global economy help protect the purchasing power of people’s savings and in particular, help the elderly in their country that depend upon the preservation of the purchasing power of their savings, by raising interest rates? Thus despite the global stock market’s surge in the past couple of days that is largely attributable to the leaked news from the WSJ’s Jon Hilsenrath that QEIII is back on the table, I’m not as positive as everyone else seems to be that the Feds will make such an announcement at their next meeting this upcoming June 19th and 20th. Why my uncertainty in a sea of certainty? For one, the Feds have a reputation for deviously building expectations in the public eye and then doing the exact opposite of what the public expects to gain the maximum desired effect in their manipulations. As I’ve stated dozens of times in the past, I believe that the end game of the Central Banking cartel is to usher in another manufactured crisis that utterly destroys the US dollar and the Euro so that they can implement measures, perhaps a pure digital money society, that allows them to consolidate their power over the people to an even greater degree. Of course, creating and introducing trillions of additional dollars into the monetary base will effectively destroy the dollar over time, as it reinforces their current “extend and pretend” strategy.


However, should the Rothschilds, Warburgs, Rockefellers, Morgans et al decide that they want to expedite the destruction of people’s wealth in a more efficient and rapid manner, they could withhold the creation of the trillions of more dollars that would be necessary to uphold the financial derivatives market afloat, and instead, in withholding this money, cause the derivatives market to implode, thus triggering the blowback of bank failures across Europe and the US. And voila! The Central Bankers would accomplish their mission of destroying the people’s wealth in a much more timely manner than continuation of their "extend and pretend" policy. Thus, this is the great irony of our current situation. The criminals that run the Great Ponzi Embezzlement Scheme that is our global monetary system can deliberately destroy people’s wealth (that have no physical gold and physical silver and that store their wealth in fiat paper currency) through a number of options, and only they know what option they will choose. Thus, in the end, though global markets are reacting now as if QEIII is a done deal already, I would proffer up a guess, that at best, it’s only about a 50/50 shot that this will happen. If gold and silver continue to rise into the June 19th and 20th Federal Reserve meeting then the chances of inaction and the probability against another massive round of fiat money creation rise considerably above 50/50.


In any event, does a 100% digital money society benefit any citizen in any of the 193 countries in the world? In one word, no. Thus, we must do everything in our power to ensure that this global banking elite agenda is not fulfilled. I know that many people feel that the fight against the immoral banking cartel is futile, but I assure you that this is not the case. Recently, I conducted a simple poll at the SmartKnowledgeU Facebook page to try to assess what percent of the population understands that our current monetary system is inherently fraudulent and immoral. Of 649 people that read the post in the first two days after I posted it, 53, or 8.2%, stated that they understood this fact. Though some people that responded to the poll stated their frustration that the percentage was not much higher, when I conducted a similar poll 5 years ago, this percentage was much lower, at less than 4%. So the percentage of people that are awakening to the truths of our monetary system has doubled in just five years and I believe, continues to grow every day. Thus, unlike politicians that always preach but never deliver hope, we do have reason for real tangible hope to win the war against the banksters. Furthermore, one anthropology study determined that the trigger point for knowledge to go viral in a community is only 8% so we possibly may be right on the verge of monetary truths about our corrupt banking system going viral around the world. And when this happens, our war to establish a sound monetary system becomes infinitely more winnable.


One of the most effective tools of countering the elite banking cartel’s agenda is simply to buy more physical gold and physical silver and/or to convert a comfortable percentage of your paper fiat savings into physical gold and physical silver. I’ll explain exactly why such a simple maneuver will continue to protect you from the possibly devastating consequences of the global monetary end game in future writings. In the meantime, please don’t be fooled by the current banking cartel propaganda campaign that they want to offer us a purely digital monetary system for our “convenience” or to help solve “poverty”. Such an agenda to get rid of all other forms of money other than digital money is 100% about the banking elite’s desire to attain absolute control over us and nothing more. If we allow such an atrocity to become reality, we can effectively kiss what little economic freedoms we still retain goodbye. Thus we have no choice but to keep faith that we will win this battle.


About the author: JS Kim is the Founder and Managing Director of SmartKnowledgeU, a fiercely independent research & consulting firm that concentrates on
providing guidance in using the Precious Metals of Gold & Silver to preserve and grow wealth with a greater mission of fighting for the re-establishment of a sound monetary system worldwide. The SmartKnowledgeU Crisis Investment Opportunities newsletter has returned a cumulative positive yield of +155.57% from its inception in June, 2007 to June, 2012 despite the massive volatility and banking cartel manipulation of gold and silver. In the meantime, from 2001 until June 2012, the S&P 500, when priced against gold, has lost 84% of its value. Follow us on Twitter @smartknowledgeu.

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monad's picture

I've got a bag of weed that says all currency is a form of barter. This is about improving tax collection. The people doing the collecting need to be scrutinized alot more.

Silver Garbage Man's picture

Bottom line this is truly Good vs evil.
Your only chance is to have gold and silver and stay out of the system as long as possible.

kedi's picture

Cash hurts the poor? Yeah right. Big banks are now making profits from social assistance and unemployment payment via debit card systems instead of cheques. Nickle and diming the users to death with service charges. Charging the governments to run the scams. If there was ever some blanket system of digital only money, I want the banks hands off of the central system of it. Bad enough the government will fiddle with it and track every purchase. When it comes to the banks end of it, they should have no more interest or control of it than they have of the paper and coin cash at present. Actually less than at present would be better.

dexter_morgan's picture

Yeah, it's kind of like the current coordinated effort to make people believe that the Walker campaign in Wisconsin outspent Barrett and the democrats by 7.5 to 1, and that solely is the reason they won. Really? I guess you could make that argument if you ignore the thousands of well paid union operatives dispersed state wide as 'volunteers' for the Barrett campaign and not counted in the money spent by each side. Kind of like a well paid army that is 'off the books' so to speak.......

In the end, it will lead to some sort of campaign finance 'reform' legislation to 'even the playing field'.........

amazing stuff


JB's picture

100% digital money is only a small part of the plan. The ultimate goal is the establishment of a one world government after 95% of the worlds population has been eliminated. Look at google images of the tower of Babel, and compare them to the U.N. Building in France. We are facing a VERY ancient evil.

orangegeek's picture

Digital cash has been pushed by the banks for years.  Pay by phone is the latest spin.


If consumers use cash, the digital wallet phase will disappear.

MeelionDollerBogus's picture

the all-digital cash world will fail - just as people don't in fact all live directly off credit cards and keep them to a sensible balance instead of getting debt that may never get paid or getting overdraft that must be paid to keep an account to get income deposits sent to for those working or welfare for those not working.

The tangible world all around us is what our bodies live off of. This one element removes the real choice. "Given the choice 99% choose to accept the program"

We have no choice about fuel, food, water, we do have a choice to barter and barter always leads to hard money when no other money works. Their very greed is what breaks their systems of fraud. They take too much instead of making a symbiosis. Offering something in return for their convenience would stop this cycle. They are simply too greedy, parasites rather than symbiotic.

LongBalls's picture

A cashless society will come to existance. As much as I hate to say it. It may not happen in America but it WILL HAPPEN in Europe. How do I know? Because the Bible states it. Everything in the Bible comes to pass.

You may think I am looney as of this read.  But all I ask is that you remember you read it hear so that you will remember where to seek truth and salvation.

Read your Bible. Read the truth and discover your purpose. God is calling you.

billsykes's picture

I don't buy it. Digital currency will eliminate nothing- crime, fraud, money laundering, etc will still continue. I predict even get bigger.

In Canada you are now responsible for CC fraud, bank fraud etc- you have to pay it back.  They have eliminated the penny, plasticized all the bills and are aiming to go full digital.

If digital did eliminate all fraud then there would be no credit card fraud. But this is not true. Look at the wachovia bank money laundering that just took place- rest assured there will still be drugs, thief, laundering, embezzlement, bank robberies, etc.

The it helps the poor argument is so weak. Imagine swiping your bank card into a bums iphone to give the bum a nickle.

SomebodySpecial's picture

Belguim figured out a way to make it work:

Brussels Electronic Accounting Surveillance Terminal

Makes for a cool acroynm too...

kita27's picture


There is no point having someone desire a good or a service in a society and not having the means to fulfil that desire.  

As long as someone has a desire for something, as long as someone has a good or service to offer, they should be allowed the credit/debt to fulfil that desire. The risk is shouldered by rich investors who can absorb potential losses.

There is no point having a society with the ability to produce 1000 cars a day if only 50 people a day in that society could afford to buy them, and the other 950 people could only desire them. This would be the case under a gold standard.

There is no point having people needing a service, and people having the skill and knowledge to provide that service, if the people willing to provide the service did not have the credit/debt to purchase capital equipment in order to deliver that service. This would be the case under a gold standard.

Fractional reserve lending allows a society's economy to perform at its maximum potential. Unlike gold, a paper economy keeps pace with technological gains and the increased efficiency of our modern industry. It allows most people to have a job, which in the end, is what it is all about. 

The problem lies not with the paper system, but the abuse of the paper system. By going back to a gold standard we would effectively kill the whole apple tree because of a few bad apples. 

The answer lies in accountability and democratic participation, not a gold standard. 




Papasmurf's picture

Andy, you are really lost. 

kita27's picture

i think ive 'lost' you papa smurf because im actually writing sense, instead of cliche propaganda.

MeelionDollerBogus's picture

prove it. Give any real-world example. Describe any theoretical model predicting what you describe.

MeelionDollerBogus's picture

"There is no point having a society with the ability to produce 1000 cars a day if only 50 people a day in that society could afford to buy them, and the other 950 people could only desire them. This would be the case under a gold standard."

Absolute insanity.

The gold standard never did that to anyone before nor will it in the future.

The gold standard has never induced poverty or wealth, it has induced a REFUSAL to allow systemic fraud. That's it. Nothing else.

When everything is measured against other tangibles like copper, wood, fuel, gold, silver, by standard weights and purity then no one gets stolen from by the system of using money.

Your described nightmare actually happens exclusively with the REMOVAL of hard-money standards, only one of which is the gold standard

ich1baN's picture

Which is why everyone should be anti-bitcoin, it is an attempt to go cashless.

nanpanman's picture

Going cashless is not wrong per-se if there is a good alternative that provides some of the benefits that cash does.

Bitcoin is that alternative because it is decentralized and offers a high degree of anonimity (but not full) similar to cash. Plus it can not be printed at will by random people. The system is backed up by cryptography, math and the nodes that form the secure transaction network (you and me). Bitcoin is a nightmare for middlemen like Bankers because it renders them largely obsolete if people would start using Bitcoins widely. 

The fact that the FBI is investigating Bitcoin should give you a hint that this is not a TPTB approved currency:

A good introduction to bitcoin can be found here:

Papasmurf's picture

Bitcoin is backed by bullshit.

Cthonic's picture

Brings back crypto-anarcho-capitalist memories; makes me want to dig out some my old derivative code from Grabbe's digital money trust.

Lore's picture

The simple answer is noncompliance. Pay cash and only cash. It always works; it's private; there are no 'fees' (inflation excepted).  The principles are the same wrt social media and DumbPhones.  Just don't go along!  Make the grid work for you on your terms.

LouisDega's picture

How does this work for 7-11 coffee?

sessinpo's picture

It wouldn't. Unless you can produce the product yourself or know of someone personally that can and will sell/trade it to you for a reasonable price, you're SOL.


But like I have been saying here repeatedly. for the wealthiest top percent, it's not about money. They have more money then they can spend. It's about control. Controlling you whether you are middle class, poverty or whatever, as long as it is below them.

And for those wealthiest, they will be here after revolution just as they were before revolution. Let's use the Rothchilds as an example. They have had great power since the early 1800s. So they have survive and profitted from countless wars and revolutions around the world. And there are other families and groups that, despite the wishes that they be wiped out, have continued and in all probability will continue to prosper. They have the advantage no matter what the cultural or economic situation is. They have the connections, they have greater mobility and can move their assets or wealth around for protection. It is always the lower classes that take the brunt of crisis.

StockHut's picture

Fantastic article.  Everyone should take the responsiblity to edcuate others on the realities of our monetary system.

sgt_doom's picture

Outstanding blog post, Mr. Kim, and this might be the appropriate place to repeat the below rant one more time.  (The New America Foundation is funded by Peter G. Peterson's Peterson Foundation, with Peterson having long been a Rockefeller lackey and stooge, and well-rewarded for such, was the head of the Federal Reserve Bank of NY from 2000-2004, coincidentally during 9/11/01, of course, and handpicked his successor, Timothy Geithner, who he had also once appointed as a senior fellow to the CFR when Peterson was its director, having been handpicked by David Rockefeller to follow him in that position.)

The Charade

The great populist from Texas, Rep. Wright Patman **, was instrumental in pressuring President Roosevelt (FDR) to create the last studyon the concentration of economic power in America, the TNEC study; the Temporary National Economic Committee study.

This committee study lasted from 1937 to 1939, and while invaluable data was uncovered, major portions of that study are still classified to this very day!

Years later, Rep. Patman would again be the motivating force on another study, Tax Exempt Foundations and Charitable Trusts: Their Impact on Our Economy (December 1962) 87th Congress, 2nd Session; exposing how the super-rich hid their wealth and ownership through foundations and trusts.

The super-rich and their cartels and multinationals have been so successful that today few Americans are even aware of the importance of knowing the ownershipof any corporation or bank, and are routinely ignorant of the extraordinary concentration of power today!

Who owns ExxonMobil, BP, JP Morgan Chase, Morgan Stanley, Bank of America, Citigroup, GE or AT&T?

Who owns the majority of pharmaceutical and biopharmaceutical companies today?

Nobody knows, and fewer appear to care!

Sadly, the way the situation has been rigged and manipulated, it would be impossible to find out unless one possessed unlimited resources, since much of that wealth and ownership is hidden within trusts, and multi-layered trusts of all types, and those trusts reside, technically speaking, offshore. Those offshore trusts aren’t even required to be officially registered at those offshore sites --- there isn’t even a way to deduce how many trusts exist!

 (Please understand that when Forbes publishes their list of the global richest, they include a disclaimer that it was compiled from public sources --- yet most data on the super-rich can only be gleaned from private sources --- and when there’s no discernible way to track such private sources, an accurate list on just who are the super-rich is impossible to compile!)

There is one interesting item, after many years of research, we have been able to ascertain. That item concerns the oldest corporation, and continuously existing corporation, in the Western Hemisphere, the City of London Corporation.

While it is interesting to note that this ancient corporation appears to also own the oldest continuing financial fund, their City Cash, the really salient point is that it appears to be the nexus, or central point, of either the meeting or congregation place of various of the world’s major cartels.

Of course, this is much too obvious, to mundane and banal for most unaware, blithely ignorant people to take notice of, so please continue with your self-involved, self-absorbed and infantilized consumer existence --- after all, this is what they demand you do.

**Rep. Wright Patman was crucial to the passage of legislation finally awarding the promised bonuses to the World War I veterans. An excellent account of this is to be found in Marc Levinson’s book, The Great A&P and the Struggle for Small Business in America, pp. 152-153. (I don’t agree with the author’s final conclusions, but his chapter on Wright Patman is highly recommended.)

Rep. Patman, at his own expense and financial loss, self-published two books in 1934:

Patman’s Appeal to Pay Veterans


Bankerteering, Bonuseering, Melloneering

True classics in politicking for the people against the ruling 1%!

Winston Churchill's picture

Here goes the City of London BS again.

For your information:most of the cities and larger towns in the UK are

corporations.Unlimited liability corporations at that.

The shareholders then and still now are the old medieval trade guilds.

Though many of the trades represented by those guilds are historical

dodo's ,the guilds still exist.Profits from the CoL corporation still go to

those guilds and are spent mostly philanthropoly.Schools charities etc.

There are NO bankers or derivatives trader. guilds,they have no say at all.

How do I know this for a fact.I went to a Guild school in the UK,and its foundations

and history were part of the curriculum.

All of this info is available online,if you can be bothered to look.

essence's picture

Winston wanker

How do you reconcile this quote

"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."

Made by a widely lauded, accomplished and acknowledged historian/savant countryman of yours. Lord Acton

By the way, using Winston Churchill as a nome de plume is questionable considering that time has shown that a young Winston Churchill, while undersecretary in the War Dept, oversaw the Ocean Liner Lusitania  surreptitiously carrying arms in a scheme to entice the U.S. into WW1 should the Germans seek to interdict. Which they did, after first attempting to place ads in U.S. newspapers to give fair warning, only to have the Powers that own the media block that.

One of the beauties of history is that it shows how so much of what we've been fed by the establishment is bullshit.

"All of this info is available online,if you can be bothered to look."

If you're going to post on Zerohedge using a british pen name, then I suggest one that brings universal respect. Guy Fawkes comes to mind.


essence's picture


Your "rant" about the hidden ownership of much of the world needs to heard.

About a year or so ago Zerohedge ran an article about a swiss groups computer based analysis study that concluded that the bulk of world commerce was done by approximately 1150 corporations. Further analysis showed that those 1150 were in fact controlled by 143 (predominately financial) corporations.

That begs the question, who sits on the board of these entities?
Would it be the 0.0001% composed to a large degree by members of the dynastic banking families.
Once one grasps this the pieces begin to fall into place about exactly who runs the world and how that fact can be hidden from the masses.

The politicians are just puppets because they don't hold the power. The moneymen do.


Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Brilliant piece!  Hear Hear!


"However, should the Rothschilds, Warburgs, Rockefellers, Morgans et al decide that they want to expedite the destruction of people’s wealth in a more efficient and rapid manner, they could withhold the creation of the trillions of more dollars that would be necessary to uphold the financial derivatives market afloat, and instead, in withholding this money, cause the derivatives market to implode, thus triggering the blowback of bank failures across Europe and the US. And voila!"

The above worked for them in the 1920's.  Why not again?!

Death to the New World Order!!!!!!! 

W10321303's picture


In Corzine’s case, the entire business model for MF Global was built on a simple scam. Pretend that one part of MFG took a huge and risky position and ‘sold’ it, or as accountants call it, “de-registered” it. The fact that it sold it to itself could and would be ignored by most everybody that mattered. From a US perspective, all appeared to be well. It doesn’t matter too much that the MFG London guys were stuck with the risk, since there was a side deal with the US that’s not reported anywhere, that the US unit will (wink) cover London’s risk. This is bucket shop level scamming and its good work if you can get it, until those greedy London counterparties start making margin calls. Shit hits fan and you end up with dopes like assistant Treasurer Edith O’Brien pleading the Fifth. Every back office in every major bank is fully staffed with ambitious enablers like O’Brien who convince themselves that they have the goods on their bosses. It’s hard to find clearer signals that this is a third rate con, even if you can’t quite put your finger on exactly where the legal liablilty is.

In Dimon’s case the con was more complex, but no more elegant than Corzine’s. Dimon controlled a book that was larger than the combined trading books of his entire mega-bank’s trading operation. The fact that this book wasn’t even on the radar screen of it primary regulator, the OCC, screams for a Saturday night massacre purge of the staff incoming OCC head Thomas Curry has inherited, beginning with General Counsel Julie L. Williams.

Dimon’s scam is actually easier to debunk than Corzine’s. There was an over $300 billion ‘investment portfolio’ that needed to be hedged. Apparently it had been managed, until the Treasurer quit in 3Q 11 (quietly- although the regulators are notified of key-man gaps, so JPMs regulators were aware there were significant control gaps at YE). This wager looks a lot like AIG’s gamble that writing CDS was free money. This risk position was housed in the CIO but was additive and unrelated to the hedging of the $300 billion investment portfolio.

This portfolio is Dimon’s great crime and scam, in my mind. It was not a hedge of the tail risk of the
$300+ billion investment portfolio. Nor was it a hedge of the tail risk the rest of JPM’s banking book. It was purely a gambler’s flyer (with the backing of the US government’s full faith) that heads I win tails you lose. And the media has not focused on the fact that the risk in this portfolio eclipsed the risk taken in the rest of JP Morgan.


essence's picture

I applaud JS Kim (and ZH) for presenting this article.

The word needs to get out about the REAL endgame.
It's always about CONTROL, and what better means of control than the money system.
Remember the famous Rothschild quote.

A few points I'd like to mention after reading some posters above:

1) We currently have a dual Digital/Physical system and that is optimum. The "cash" option gives a certain degree of robustness and privacy to transactions.

2) There's nothing preventing a PM backed digital money system (e.g. As in my point above, the dual use of PM coins and PM digital would engender the best system because it allows a degree of freedom and resilience. When the government mandates a particular currency it's a form of tyranny

3) Enough of this use of these strawmen (Drugs and terrorists). Government shouldn't stipulate what a person can put into their body. As for "terrorists" ... mostly a government invention. Those who believe 911 wasn't a false flag are naive to the degree of believing the world is flat.

4) Enough of the use of uncountable black-market transactions as a boogie man. If we had a equitable tax system then there wouldn't be such a urge to shield oneself from government insatiable demands.
Get rid of deductions that favor the rich and politically connected. Simplify the tax system by eliminating all deductions (the reasoning being because deductions will surely be abused, are oft time used for intrusive social engineering, and create market distortions).
Demand that the government not spend more than it takes in tax revenue.


PlannedObsolescence's picture

Is it a coincidence we see the 2013 requirement for Direct Deposit of Social Security and Gov. Pensions/Benefits and the introduction of Congressional Bill HR 1125 (formerly HR 4646) that will impose a 1% tax on all transactions in a bank account?

sgt_doom's picture

Speaking of "coincidences" and two important concurrent points:  along with Mr. Kim's points, the legal system, at least in America, is following the same exact trajectory.

A lawsuit, receiving no publicity in the USA but mentioned in the Euro press, was filed several years back, claiming the compromising of the major American legal databases, which the attorneys proved by presenting the original case documentation and comparing it to editing database files, manipulated to completely change what precedent had been set.

There are principally only two major legal databases used in America --- so very simple to manipulate online.

For further reference pertaining to Mr. Kim's opening comments re: 1917, please refer to the membership lists below and understand that they have long used the same D.C. office address, and D.C. fax number.


Coldfire's picture

Rise like Lions after slumber
In unvanquishable number -
Shake your chains to earth like dew
Which in sleep had fallen on you -
Ye are many - they are few.

Lost Word's picture

Banks can already deny access to the banking transaction system, at any time, for any reason, for an extended period of time. Once the banks decide to put you on their "blacklist" for any reason, your account can be shut down, and no other bank will let you open a new account anywhere; with only pretended appeal recourse, and no real recourse, for a five year period. You cannot beat the fraudulent banksters system.

Coldfire's picture

AML - Anti-Money Laundering - is the hand that taketh away. You are fucked if your name is on The List. And your name can be put there without any due process whatsoever. Google Banco Delta Asia. Electronic "money" is slavescript.

shovelhead's picture

Bullies stealing your children's lunch money?

Bring em down and we'll chip them up...for FREE!

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Widowmaker's picture

A cashless society will be checked by remarkable force.

Expect a dramatic increase in violence and isolation as the invisible elite continue to insulate themselves with invisible solutions based on invisible facts.  The War on Poor began with "mission accomplished."

Next comes the attack to disarm the populus.

Support the 2nd amendment and your right to exist without fascist central planning faggots pushing electrons in the name of financial oppression vs. armageddon.

Private financial incorporation is tearing America apart, the rule of law is already gutted by Buttfucks United, and the individual damned.

Shoot to kill -- liberty or death.


Offthebeach's picture

I always say the 2nd isn't about hunting or crime, but that it is about killing domestic enemies.

buzzardsluck's picture

It's good to see someone say directly that most of the economic problems are manufactored and that those 'elites' in charge will blow things up when they are ready to make maximum profit by doing so.  I wish more people understood this.

Kastorsky's picture

get every jew out of banking and lawyering and you'll get your country back.

Any country.

Psyman's picture

So you think it's the Jews having gained dominance of the Anglosphere and most of Europe.  I'm not sure that's true, but either way they surely must have many willing accomplices within the Goyim for them to carry out their plans so effectively.


I think European people are a significant part of the problem.  Look at their history of empire building, kings, royalty, hereditary monarchy.  The Jews didn't do these things, Europeans did.  There are too many born tyrants within those of European descent, grasping for dominance and wanting to control the world.  The new age of central planning bureaucratic archetype is merely an offshoot of the former "world domination" warlord archetype.

Kastorsky's picture

Know you history.


Victory of Judaism 


Germanism" by 

Wilhelm Marr, 1879 - Way before Hitler!

And more:

The Origins of World War 2

Joseph P. Kennedy, U.S. Ambassador to Britain during the years immediately preceding WW2 was the father of the famous American Kennedy dynasty. James Forrestal the first US Secretary of Defense (1947-1949) quotes him as saying "Chamberlain (the British Prime Minister) stated that America and the world Jews had forced England into the war." (The Forrestal Diaries ed. Millis, Cassell 1952, p129).

Count Jerzy Potocki, the Polish Ambassador in Washington, in a report to the Polish Foreign Office in January 1939, is quoted approvingly by the highly respected British military historian Major-General JFC Fuller. Concerning public opinion in America he says "Above all, propaganda here is entirely in Jewish hands .. when bearing public ignorance in mind, their propaganda is so effective that people have no real knowledge of the true state of affairs in Europe .. It is interesting to observe that in this carefully thought-out campaign .. no reference at all is made to Soviet Russia. If that country is mentioned, it is referred to in a friendly manner and people are given the impression that Soviet Russia is part of the democratic group of countries.. Jewry was able not only to establish a dangerous centre in the New World for the dissemination of hatred and enmity, but it also succeeded in dividing the world into two warlike camps .. President Roosevelt has been given the power.. to create huge reserves in armaments for a future war which the Jews are deliberately heading for." (Fuller, JFC: The Decisive Battles of the Western World vol 3 pp 372-374.)

Hugh Wilson, the American Ambassador in Berlin until 1938, the year before the war broke out, found anti-Semitism in Germany understandable. This was because before the advent of the Nazis, "the stage, the press, medicine and law [were] crowded with Jews..among the few with money to splurge, a high proportion [were] Jews..the leaders of the Bolshevist movement in Russia, a movement desperately feared in Germany, were Jews. One could feel the spreading resentment and hatred." (Hugh Wilson: Diplomat between the Wars, Longmans 1941, quoted in Leonard Mosley, Lindbergh, Hodder 1976).

Sir Nevile Henderson, British Ambassador in Berlin, 'said further that the hostile attitude in Great Britain was the work of Jews and enemies of the Nazis, which was what Hitler thought himself.” (Taylor, AJP: The Origins of the Second World War Penguin 1965, 1987 etc p 324).

mammoth mo's picture

The "blame" game is part of the process.

Pick a race and hate it.

Pick a country and hate it.

Pick a sex and hate it.


It is easy to manipulate if you keep things simple.  The true enemy has no race, nor country, nor sex.  The true enemy is greed.  If you honestly think the super elite "live" in a country you are crazy.  If you think they will not sell out any race including their own you are crazy.  If you think their sex matters you are crazy.

The blame game is more misdirection of the true goal.  Just like politics.

Psyman's picture

The elites are power hungry psychopaths, intent of world domination at any cost.  And they love their databases.  Databases provide them the sorts of information they need to micromanage the world.


That's why they pushed for digital medical records, to plug them into databases to be mined against other factors such as life style.  They actually said it was "for security", but every other week we hear about another 75,000 patient's records being left on the seat of a car and stolen, or remotely accessed by hackers.  Paper medical records were always more secure than digital, but they were inconvenient and couldn't be plugged into databases.


And now the push for elimination of paper money and an all digital economy.  More control for the central planners.  More data points for the data bases.  More data to mine and correlate against the rest.  A true bonanza for the tyrannical central planners and their attempt to micromanage human existence.


Is there any escape?  I may have another 4 or 5 decades on this planet, and I want to live them as a free man, not a slave to the New World Order.  But with constant pervasive surveillance everywhere, not just telecommunications but on the streets, and in the countryside by aerial drones, where does one go?  It seems anyone interested in liberty will have to leave the "1st world" and move to a country too poor to afford the trapping of the high tech surveillance based police state.


I just want to live in peace and freedom but obviously that was not the era into which I was born.

Widowmaker's picture

Peace and freedom were commoditized by incorporated financial racketeering.  The boomer's complacency welcomed this worldwide.

BlackVoid's picture

Fortunately not going to happen - it would cost too much and alternative currencies (black market currency, like cigarettes) would pop-up right away.

Maybe in the US and UK and a few other countries this is feasible, but for the rest it is not.

BidnessMan's picture

Wrong, Wrong, Wrong !!  100% Digital Money "cost too much"?  Bullshit.  Most of the cost of retail banking revolves around having to deal with paper cash. Branch office real estate to receive and distribute cash.  Teller labor to count it, guards to guard it, security systems and safes to store it.  ATMs to buy and repair, and labor to stock ATMs with cash.  Armored car companies to drive cash around.  Worries about counterfeit bills disappear.  Bank robbery would disappear - Willie Sutton could no longer state he robbed banks because that is where the money is.  No cash in a Bank Branch to rob.  If paper cash went away, a huge chunk of bank costs would go away.  

Banks would certainly not reduce their fees, so they would keep revenue up and eliminate a huge chunk of costs, sending profitability soaring.  No more need to manage all that Bank Branch real estate.  A bank becomes a web site and a server farm.  And then no need for Mom and Pop community banks - would allow the Too Big To Fail banks to suck up all the little banks.  Eliminate all the bank branch real estate and labor costs - add a server or two for the additional customers.  

So make no mistake.  Eliminating cash would eliminate most of the cost of being in the banking business.  I certainly expect that every big bank has thought about this - how can we get rid of all this expensive real estate, ATM machines, troublesome and expensive teller and branch manager labor, security guards, and Brinks Armored Car contracts?  Eliminate cash would drop banking costs by 50%+ easy.

Eliminating cash would be enthusiastically supported by governments.  Tax evasion - gone.  Just deduct 20%, 50%, 90% of all digital money at the server every day, week, month, or year to "pay your fair share".  Illegal Drug sales - on your EBT card would be pretty tough.  Vice - Prostitution, Table Dances, Gambling - also hard to do on your EBT card.  Bribery - the cash part would be gone.  Make holding or accepting cash a felony.  Set a sunset date to turn in all paper cash, after which no Federal Reserve Note would be legal tender for anything.  Truly would become worthless paper.  Don't be so naive -- it would be very feasible.

It is no accident that millions of stores and even gas stations now advertise that they accept SNAP EBT cards. 45M+ citizens now get food stamps and welfare on a SNAP Electronic Banking Transaction card.  Teeing up for making 100% digital money practical.  No need to print lots of paper currency in a hyperinflation situation.  Just add a zero to all SNAP EBT card amounts on a database record every week or two.  Done.  

The SNAP EBT card is already the de facto digital payment system for the "unbanked" and accepted by millions of merchants. This is all being implemented right under your nose, and the implementation has been underway for years.  Within a year or two paper cash could be banned.  An economic collapse would be a good time to do it.  

Kayman's picture

I beg to differ.  Look at the expenses on a bank income statement.  Whatever you divine from it, handling and storing paper money is hardly a significant expense.

Paper cash will be banned the day before the first guillotine is erected.

Drinking your own bathwater is one thing, but the PTB aren't yet drinking their own piss.