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Nomi Prins: The Sinister Evolution Of Our Modern Banking System
By Adam Taggart of PeakProsperity
Nomi Prins: The Sinister Evolution Of Our Modern Banking System
I quit Wall Street and decided that it was time to talk more about what was going on inside it, as it had changed. It had become far more sinister and far more dangerous.
~ Nomi Prins
Today, the 'revolving door' connecting our political and financial systems is evident to anyone with eyes. But this entwined relationship between Washington DC and Wall Street is nothing new, predating even the formation of the Federal Reserve.
To chronicle the evolution to where we find ourselves today, we welcome Nomi Prins, Wall Street veteran turned financial industry reformist, and author of the excellent expose All The Presidents Bankers.
In this well-detailed interview, Nomi goes into depth of the rationale and process behind the creation of the Federal Reserve, and more important, how its mandate -- and the behavior of the banking system overall -- metastasized into the every-banker-for-himself regime of sanctioned theft we now live with.
Chris Martenson: To me, it couldn’t have been more obviously obscene then in 2010, and I believe maybe 2009, right after the big banks had been handed just vast, huge, very favorable handouts and bailouts during the Great Recession -- and then they handed themselves record bonuses. I thought optically that was just horrible. As somebody who was inside the banking system: Are they that tone deaf? What’s behind that sort of behavior?
Nomi Prins: Indeed, they have become very isolated.
It began with the period before the 1970s when different people were rising to leadership in banks, and worsened in the 80s when we started seeing people who had more sociopathic tendencies or less ability to appreciate the idea of the public's economic stability being beneficial to growing their institutions. They no longer viewed it as necessary.
And with the advent of the larger futures market, the options market, the derivatives market, and all the off-shore elements of banking that were able to be developed, so much capital was now available and off of the books that the idea of maintaining some sort of a connection to stability policy -- or even to whatever the Presidency might want -- dissolved. At the same time, all the Presidents that were involved in running the country around that time didn’t ask or require accountability towards financial stability from them.
So there was a bunch of things that were happening at the same time, and that’s why the media does a poor job of critiquing this because they’re not looking at all the strands. None of this is simple. A lot of things happened at the same time to create these kinds of shifts. On the one hand, you have no restraint: you don’t have the Gold Standard anymore, so you have less of a strain on having something physical be reserved against your leverage. You now have this ability of petrodollars being recycled. You have the ability to leverage more debt. You have less humility. You have a more technologically-advanced, less transparent global financial system, so you can make and hide money easier. And then you have ascendancies of leadership in banks and in the government that are OK with all this, and allow it to fester.
It's all defended as some sort of example of a free market and competition -- "the best gets the best", and so forth -- when the reality is it just destabilizes the entire system and creates an artificiality. We see central banks supporting all of this mess, as opposed to figuring out what the exit policy is -- which none of them have a clue about. That’s really where we’ve evolved to.
Click the play button below to listen to Chris' interview with Nomi Prins (52m:45s)
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Banksters declare war on Tsipras
No. Syriza's finance minister Varoufakis’ intent is to economically reconfigure Europe (indeed a “New Deal”), for the bankers' benefit. His 4-stroke plan, which he says doesn't involve monetization and doesn't require a new treaty, in a nutshell:
- Have the ECB convert troubled States’ so-called “Maastricht Compliant” debt (public debt up to 60% of GDP) into “ECB-bonds”, to be purchased by investors and held in respective member states’ debit account.
- Massive issuance of bonds by the European Investment Bank and European Investment Fund, "bought in large quantities by the ECB in the secondary market" (6m58s), to finance infrastructure/green projects in EU.
- Transfer to the ECB-ESM the responsibility/risk of (failed) European banks, seen as a step towards a full-fledged banking union.
- A “European Food Stamp” program (“modelled on its US equivalent”) funded by the European Commission.
Here is Varoufakis' “Modest Proposal”. If you appreciate the art of manipulative language, you’ll especially like the conclusion.
PS: he also talks of QECB as a "water pistol facing a huge bush fire" (6m46s).
But, but... but.. I could feel teh change on ZH this last week!
It's all fun and games until the people wake up and put them all (Bankers) in ovens. Again.
Your impactful comment was duly noted below when you first posted it. However, to repost a comment in an attempt to catch the near top of the thread is considered bad form on ZH. Your comment will be judged on its merits, not its placement.
All the best to you, 6 week newbie!!
And if large banks were ever allowed to fail, there would be a measure of self-correction in the system. It would have happened to many of them in 2008/2009. Now matters are worse.
All the discussion and hand-wringing about "moral hazard" in that timeframe didn't just go away. It was institutionalized. And in so doing, made more fragile by definition.
The problem is that TBTF got even TBTFer and even more intertwined in everything. A 2008/2009 crash would have brought the world to its knees and forced it to face reality. We would be in the midst of de-globalization. Letting TBTF fail today may very well break the world, though TBTF is unsustainable.
Nomi, if ever you find yourself single again, would it be possible for us to meet? Damn, you're hot
Such stupid and juvenile comment.
Yet so true...
Yeah, she's speaking truth to power all right.
What an air head.
THE BANKERS GET BAILOUTS.
Move along.
(Oh, and don't forget to do your civic duty and VOTE FOR THIS too.)
The bankers get machine-gun armed police for "disorder control and counterterrorism protection capabilities":
http://gothamist.com/2015/01/29/nypd_machine_guns.php
http://gamegetterii.blogspot.com/2015/01/breaking-new-nypd-policy-to-pat...
The pilot program will start in two precincts in Manhattan
The pillaging and politician-funding banksters must be protected at all costs.
Remember Weimar Germany. History repeats itself. Like Putin said, don't get hysterical when you get poked in the eye with a Nuclear Warhead. Parasites. Bankers hate Socialism because it doesn't allow them to steal.
https://m.youtube.com/watch?v=5U_qV4OI-SU
https://m.youtube.com/watch?v=KtEkRpGpHE8
Everyone always seems to forget, the banksters own the Federal Reserve Bank. If I owned the means of creating the worlds reserve currency without restraint, I would do what's best for me, too. These banksters are evil, but they are not dumb. See the article on the militarization of the police to see their next move towards complete control.
So long as NS is not confused with Jewish socialism/communism/capitalism/libertarianism
"Whoever conquers the streets conquers the masses, and whoever conquers the masses conquers the state"
Adolf Hitler
She was a critic long before the bailouts. In 2004:
"On this impending crisis, Bush is a lost cause, Kerry a disappointment and Greenspan the biggest economic danger no matter who wins. "
http://www.theguardian.com/business/2004/oct/25/uselections2004.usnews1
Well duh, it's how she got the job in the first place......
Turns out controlled opposition also comes in female form.
photoshop....
https://www.youtube.com/watch?v=9znpnluht-o
I haven't ventured down to see his original comment, but he got a down vote from me for trying to rehash an event that was questionable in the first place.
The seeds are dispersed freely. I don't water them and that shit doesn't grow in my garden.
AlaricBalth
Very good observation. Thanks.
"You are the terrorist."
This is not complicated.
Move along....
banksters are doing a fine job blowing up themselves. Sure an extra well placed horse head in a bed here and there might speed up the process but naturally the forest burns up all the dead wood! Nuclear financial infernos being set off and many more to come as with the overnight swiss de-peg surprise. Does any added weight by any of us really assist the accelerating downward screams of terminal free falling banksters, seeing pavement coming into view from a stratospheric launch. Natural laws working just fine, step out of the way and let nature do it's thing.
Only thing blowing up will be USD. Banksters are looting the country till the dollar dies, plain and simple.
"...Your comment will be judged on its merits, not its placement..."
AlaricBalth, sure, it was bad form, but what the hell does it matter how long someone has been here? I'm an 8 week newbie, so I guess it's still way too soon to be making any kind of contribution. Oh, and may I be the first to congratulate you on your imminent 4th anniversary on ZH.
You are making a straw man argument.
In no way did I discourage Self-enslavement from commenting. As a matter of fact I said the commenters post was "impactful". I was merely pointing out the redundancy of the re-post for more favorable placement.
When I was a newbie, certain protocols and etiquette were pointed out to me by ZH old timers and I welcomed the constructive criticism.
Thanks for the congratulations, and in the spirit of the ZH's Fight Club motif, I would like to say, GET BACK ON THE PORCH!!!!
;-)
AlaricBalth, Thanks for telling me what I think, but actually it wasn't a straw man argument as I wasn't attempting to misrepresent your words; but interpret what I say as you wish. Thanks too for the warm welcome to ZH.
... slip of the key
Personally, I would have worked the term bitchez in there somehow for the newbie...but, Alaric, you're still one of the coolest on these boards, hands down, bitchez.
Why are you picking on this guy? You amoral Liberals/Libertarians are churning out LGBT Nazis by the boxfull.
He will be seen as a visionary in 20 years time.
He's a Garden Variety Nazi, of course.
Newbies gotta learn somehow, rant away and take your lumps!
You're obviously awake, what are you waiting for?
Talk is cheap and easily said as you sit there nice and cozy in your arm chair commando recliner.
No banker was ever put into an oven, although they did finance the purchase of many such ovens. And financed both opposing sides of more than one war.
I believe it was in the book "The Arms of Krupp" that I read the following:
-Prior to WW1, the three richest men in Germany were Rothschild, the Kaiser, and Krupp. (And as a result of WW1, the Kaiser lost his office, and, presumably, therefore, his income and much of his wealth.)
-During WW2, only one Rothschild may have actually been killed in a concentration camp. This man owned a factory in France. Many factories in France had their equipment stolen and shipped to German manufacturers. This man got caught at a border and sent to a camp. He might have been spared, but among so many concentration camp prisoners and therefore so much paperwork, his got lost in the shuffle, and he was killed along with so many others in the camp.
Of course there was a Holocaust, and it was a horrific crime. But it seems that bankers are the most likely people to avoid the mass killings which result when the lower class takes up pitchforks and autocracy results. Also, the Nazis treated the Poles and other Eastern Europeans not much differently from the way they treated the Jews. They considered them all to be sub "human". Also, I think there have been many events in history which killed enough people to be considered Holocausts. My "go to" example is what the Spanish and Portuguese did to the South American and Central American Indians. But I guess the French, British, and Americans did as bad to the North American Indians. And I think there were many more examples. In fact, I consider the Vietnam War and the recent bombing-back-to-the-Stone-Age of Iraq to be Holocausts. If power corrupts, then one way it corrupts, apparently, is that it attracts psychopaths and then encourages their bloodlust and infliction of pain, fear, and death. I have concluded that Separation of Power is the only protection, and that loose Confederations are far more safe than "blocs" of "superpowers". I hope that, through science, humans find some way to tame their bloodlust, before it's too late.
Thank you for your comment.
This common refrain (small blocs of power) is constantly brought up on here about conflict and yet it is generally wrong. When you look at small states without a clear military advantage or fear of central power, there is almost constant warfare. You can look back to the time of Greek city states who experienced almost constant state of conflict with at least one neighbora, Europe during the middle ages before the establishment of larger and effective national states, pre-Columbus America, Italian city-states during the Early-Mid Renaissance, Japan for a few centuries prior to the the rise of Oda Nobunaga in 16th century and the eventual rise of the Tokugawa shogunate, and any period in Chinese history at end of a particular dynasty or from the late 19th-century until the rise of Mao.
The lack of a central power without any kind of centralized authority invites local rulers generally through history to become much more willing to invade their local neighbors to take his land, steal his assets, and rape his women. Key is finding a balance and I would tend to agree that too much power has been increasingly vested at the federal level in DC but that is another discussion.
Your ‘bigger is better’ thinking reminds me of how people praise the Qin Emperor for unifying China and ending the Warring States period which they characterize as a period during which there was one war after another, but a large majority of the states may have been at peace during any particular conflict between two of them. His unification involved vast devastation, and his ‘dynasty’ lasted only fifteen years. The Qin Emperor served as a role model for Pol Pot who also burned books & killed scholars.
It would be nice to think that someday we humans will find a good balance. I think the USA's founding fathers at the convention which wrote up the Constitution were pretty aware of the pros and cons, and tried to strike a balance. But, in politics, no balance seems to last very long. Dont' even know if I said that right.
got to repress all countries but your own. The problem in the ME is all that oil money. If everyone was working 15 hours a day just to eat, they wouldn't have time for rising up!
There can be no "again" as the banksters got off scot free last time a purge was attempted. Large numbers of ordinary middle class people and peasants died in German camps. I am not aware of any actual banksters suffering in any manner. Same as it ever was.
Here:
http://x2t.com/TsiprasBanksters
I don't care. Just read Varoufakis' "Modest Proposal". Also read his 2011 book (The Global Minotaur) which can be downloaded here. It concludes with: A second, even brighter, scenario would be for the West to have an epiphany and, at long last, embrace John Maynard Keynes’ suggestion of an International Currency Union [...].
I don't have a lot of faith that Syriza will fix Greece, but there is hope that it will kick the first domino over that brings the banking system to its knees. I think that the Greeks are in for pain no matter what, but hopefully they can take some of the rot down with them.
They are rabble rousers. I don't have any idea how they think they are going to change things with their rhetoric.
Greeks are no different than Americans, or any other western citizen. They want to hear only what they want to hear. They don't want to be told that things are going to be hard, or that they aren't going to be able to live like their parents (because their parents' generation fucked them). They want to hear about lollipops and rainbows.
This is going to be really nasty for Greeks.
why nasty? it is finaly a reasonable solution
In his Modest Proposal 3.0 it seems that he wants to put EU sovereign debt onto international buyers through bond sales(read as The Fed) so that EU taxpayers are not on the hook. Just kicking the can in a circle. I had hoped for better.
i know a bunch of greeks in NA. I asked them what they thought about greece having their own currency back in 2012 and they were vehemently opposed to it. They do realize that they will have a very low purchasing power with the drachma as almost nothing is made in greece anymore. The citizens of greece really want to kick the can forward. However these are teh youth that managed to get out of greece and are not the unemployed in greece. I dont really know if the unemployed youth in greece have a different opinion but the greeks I talked to seemed to think so. There is also a lot of greek pensioners in greece that dont want to recieve their pensions in drachma essentailly devastating their current standard of living.
https://www.youtube.com/watch?v=y97rBdSYbkg
Garbage.
You need to pay your debts.
Stupid Greeks don't realize it.
They're going to pin it on the Jews.
Just like your dumb LGBT Nazi KKKommon KKKore KKKids will.
Creating a rigged game, and then holding you accountable for the losses you incur as a result, negates the social contract that obligates you to pay such a debt.
A better response than, "I need just a bit more time Mr. Morgan", would be, "Why don't you just fuck off, Mr. Morgan."
The Mechanism
By MEFOBILLS: Money should not trade for money. Keynes was right with his Bancor. Debts should not point outside of your law. Debts denominated in a foreign currency -, by definition – are outside of law. Of course, or international friends will never admit to this reality – they win by taking rents on populations via debt and usury mechanisms, which in turn creates a landless peasant class.
http://www.zerohedge.com/news/2015-01-30/mexican-peso-collapsing#comment-5725241
http://en.wikipedia.org/wiki/Bancor
Ummmm.
That would be global centralization of the money supply.
Correct?
I want to be in charge.
Roger Roger!
One of the most amazing things and still yet to experience wholly, is the way the crowd sourcing of information flows here on ZH. All one can do is be honored to be here amongnst so many of the well versed and wise from all around the globe. Truly, this be the most happening world forum on the net and why, it gets the attention of those who are paying attention. And maybe a few that are starting to see the rising tide and are turning from their wicked ways?
Sorry for the length of this rewritten and added to epistle below. It's done for posterity purposes. Shirt, maybe sum day this pen will learn to properly write and express what comes from the heart. Till then, please bear with the ongoing construction and reverberations of the ongoing and dynamic metaphysical quantum mechaniking of this awesome ever changing matrix. Sez, yup!
So, ponder ye these things. Crash one moneygod system to start another after what, moar war?? There is still so much potential and a very huge chance to change gears on the speeding train, slow it down, and deboard before the mechanical digits go bonkers and disappear off the cliff forever and ever. What if, ol professor Sitchen would say. What if, what if there was a different direction selected by the globalist billionaires and bankster stooges and all this war mongering was stopped by recognizing who, why, and how it is all created. Then seeing those punished for doing so, and the rest of the world thereafter investing in a happier moar prosperous world? Hummm. A fairy tale, or a vision? Decide well.
“...the Spiritual life begins with right action. Honesty is the first step toward truth. Self-control, inward tranquility, detachment from possessions, balance of emotion--all these virtues are absolutely necessary...”
MPH
The horrible future for America is coming into sight. A greater sadness comes across the once land of the brave. It is the realization that all the agendas and evil plans of so many criminals working for the moneygod have bought down the Great American experiment to it's deathbed. Every day we continue to see the end of what was, and the spreading virus of the craziness that is everything anti-American, and everything anti-Christ.
As it is shaping up, all those who gave their lives and sacrificed so much in the form of blood and treasure during the past world wars for the banksters to profit from, and to also move them closer to the long range plans of world domination and population elimination, has all been for naught. A total waste of lives, and time. Oh, how it has been supported and financed so well by the very people that the new world evil will eventually kill.
The evil rages on with distraction after distraction. So many are part of it, and a greater many of the others in the majority are fast asleep not even caring about their future. Dumbed down by so many wicked ways. It is the sickness of world ignorance at its best. One can go off and ask why and come to a ship load of reasons this has happened. Things like pouring tons of poisonous aluminum oxide into the world air, radiation, and fluoride into the world water systems are amongst the top ten. The USA society has become a drugged out zombie nation, ripe and ready for slaughter by the evil agendas.
What comes is deep heartbreak remembering our elders speak to those horrible stories about world war two, and now seeing clearly how they all gave so much for nothing. The wins turn out to be greater losses than any one can imagine if you consider so many died so their children could live in slavery to the criminal corporate govts that are ALL owned by the evil bankster moneygod. There are still so many that can not see the evil. Today, it becomes obvious as to the general direction America is going into. Subjugation under the foreign gun for the almighty moneygod.
Here are a few things to ponder. As the set up to profit from this scam is made around the whole greece deal, and g. sorros plays his cards to prepare for the next evil event to happen, greece falls, maybe a few others, and then all eyes are on that whole planed fiasco. The distraction crises might then shift towards europe. Prolly the crash of the euro union moneygod system. Who knows? Ask george the rottenchid puppet. He knows.
Meanwhile, the evil is hard at work in the USA. Can you say North American Union? And, how about that Keystone pipeline thingy that begins the consolidation and emergence into the new amero globalist moneygod control system? As the crash of the euro happens, so it may happen to the dollar? The martial law bank holiday, and planned false flag events can come into play? Does the route of chaos eventually lead to a three country consolidated money control system in the North American Union?
The mexican army has already taken over the western half the united states of america. They are a byproduct of globalist financing and support to destroy America from within. Many will not even see Paco the gardener turn out to be allibaba the drugged up globalist liberal sorros stooge nazi who just killed their whole family from behind their back. Can you just imagine if every mexican national sorros puppet in the right places poisoned all the food in every restaurant they worked in for one day as planned to do when told to do it? The evil behind organizing scores of invaders including the coming chinese armies has moar moneygod power than the unorganized zombie TV watching ipod centered brain dead careless american society does. When the power grid and Internet is shut down, it will be the insanity of millions of withdrawing drug and alcohol addicts gone wild. Most will not even know how to scratch their arse with out being able to send a text about it.
http://www.zerohedge.com/news/2014-09-19/45-facts-show-how-far-america-has-fallen-generation
They mexican/alien chinese russian whoever invaders already call it the “occupied lands of aztlan” brazenly telling the world there is no moar california, nevada, arizona, utah, texas, new mexico, and colorado. Yeah, these states are now aztlan. Watch your back, Americans. Paco, Lulu, and Sim-sim the cook all have secret guns.
http://www.mayorno.com/WhoIsMecha.html
http://www.aztlan.net/
And just who voted to allow the foreign takeover of America? Look in the mirror. Who is in a hurry to go off to war on the enemy du jour? Look in the mirror. Stupidity and ignorance are blind to political shades of idiot voters that actually think they have a choice in the criminal election system. The money fix is in and no one has enough moneygod to change it, as long as money is god.
https://www.youtube.com/watch?v=W2ty3b4EBMg
The real ugliness is in the wickedly evil admiralty law system. The fourth branch of govt. The american nazi storm troopers are enforcers for the evil corrupted system of queen owned bar lawyers that protect the banksters and oligarchs using the devils own language that most can not even comprehend. The deal is, mans temporary laws are mans creation and not laws that stand the tides of Gods/Universal Laws. Time tells all things.
http://www.freedom-school.com/admiralty/
The chaos and crackdown on American dissidents will possibly come after the gun grabbers create some kind of event to blame veterans and patriotic American folks. You lay down and die for your freedoms and American Values, or you just die. The sheep do not even know how to stand together to be a greater force than the evil that is coming for them after some event to trigger the planed soros martial law.
The rest of the world has already been bankster pussyfied. Only an armed America stands in the way of world domination and a total loss of any kind of true freedom world-wide. This civil war may happen after a period of time passes in which the survivors of some kind of war event, or another contrived false flag event tear each other up for food and water for many months. There are already too many dominoes setup to fall if you expand the awareness level of where the this ship is headed.
And no one cares. Bolshevistic Americans killing fellow Americans could be coming as set up and planed for. This as well as all the mexican and foreign soldiers joining the Homeland Gestapo vs any and ALL Americans that think they are free, or that do not want to be a slave for the evil banksters. All this could be for those who make it into the next steps of insanity went coo-coo. There is so much evil in the world.
This long planed violent takeover and death of America comes in many forms besides those of murderous foreign and domestic mercenary troops killing everyone. One of the most blatantly evil ones is the subversive Agenda-21 attack. There are other globalzionist UN agreements like no guns for any of the people that will also come into play with the unlawful NDAA and Patriot act. This horrible self-killing of America is vast. Too many have taken the cool-aid. Any third grader can see it all for what it is if you dig around and assemble the dots that only point towards moar world domination, nazi America, and population elimination using wars and false flag events to attain the evil goals. The present situation in America is already really farked up but here is a little more to consider:
North American Union: North America: Time for a New Focus http://www.cfr.org/north-america/north-america/p33536Agenda 21:
http://americanpolicy.org/agenda21/
Agenda 21-Behind the Green Mask:
http://www.behindthegreenmask.com/
How the exact process of the world crash into the unknown may go from one situation to another is at this point anyone’s guess. Definitely in accordance with a Higher Power be it man-ego, or something far greater. Any and all additional info is welcomed, but could it be possible that after the euro money has crashed, that might lead to the planed world war distraction to start, or thereafter?
And speaking of thereafter, could then the dollar crash two weeks or later, that might trigger the martial law and a flight to safety by the elites, or will it take another govt sponsored and or isrealli sponsored terror false flag event to do that? Could it all cascade downhill from there into anarchiaville and then the solution becomes the NAU?
Certainly there are plans a badfoot. No average Joe will know what happens. When the bushes fly south like the nazi scavengers they are, the clintons in tow, people will know the balloon is about to go up and well, who knows if the orders to nuke whole countries will be followed, or not?
One day at a time walking in the place of grace.
This is the Way.
Dos mas:
As Its Domestic Foundations Rapidly Erode, the U.S. Pursues World Domination:http://www.nationofchange.org/2015/02/01/domestic-foundations-rapidly-erode-u-s-pursues-world-domination/
North American Union:http://www.stopthenorthamericanunion.com/NAUArticles.html
You could have summed it up with: "America is fucked without divine intervention".
"I don't care. Just read Varoufakis' "Modest Proposal". Also read his 2011 book (The Global Minotaur) which can be downloaded here. It concludes with: A second, even brighter, scenario would be for the West to have an epiphany and, at long last, embrace John Maynard Keynes’ suggestion of an International Currency Union [...]."
Rats...it was on my "to buy list". now i probably won't get it cuz it is most certainly (6sigma?) filled with trash.
No. Syriza's finance minister Varoufakis’ intent is to economically reconfigure Europe (indeed a “New Deal”), for the bankers' benefit
This remains to be seen. If he lives, then we know the answer.
If all you can bring up for "proof" is a link to a post from 2010, your conclusions stand on a pretty weak foundation.
(Please note that I do not believe Syriza to be Greece's savior of any kind, but I do think they are necessary at this point at least to shake things up a little.)
It's all fun and games until the people wake up and put them all in ovens. Again.
It's high time the world declares war on the banksters.
We'd be a lot better off without them. I'm looking at you Lloyd, Timmah, Bernanke, Janet, Greenscum...Jamie, etc.
May we please also add politicians to the list.
+1
Slap me five!
Let us study the events in Iceland - They have a straight forward method to deal with Banksters. Prison.
First will be the silent fight via intermediaries.
Then they will be more public in their critique.
Then they will kill him.
I thank him for his service. It is a inevitable step in the process that must be done.
A pretty good history down the rabbit hole can be found here for the interested
http://www.dunwalke.com/non_flash.htm
thanks d10, I doubt 1 in10 zhers would complete reading the paper.
It flies in the face of much of what I "think" I know, but is most likely correct. It would seem that in a societal sense we are now locked into what J. M. Greer likes to describe as the 500 year down-cycle/reset. Fortunatly I am old and living in Costa Rica, not really a panacea as I am the low-hanging fruit here.
hi ho
Bill
Depends on which bankgang you're talkin' about 'no more banksters '.
From Nomi's book 'All the Presidents' Bankers':
Page 385- "The Euro and Bank Beasts"
"After years of debates as to the merits of a consolidated currency amid so many disparate national economies, on Januari 1, 1999 the euro was officially born. A driving force......"
Page 387- "The Fight Against the Euro Intensifies"
"On February 12, 1999 Rubin adressed the House Committee on Banking and Financial Services, claiming that "the problems US financial services firms face abroad is more one of acess tham lack of competiveness."[54]
This time he [Robert Rubin] was......"
Anyway, has anyone read her book? It's a goldmine on the Who's Who in DC & Wall St Mafia. The Greeks & the euro are only a means to destroy Europe. Fuck the City of London & Fuck Wall St. As the old joke goes, "where's the bolsheviks when ya need them?". Well, Fuck them too.
btw Nomi's nose is to big for my liking but I do appreciate her research & position taking on the scumbags Wall St-DC:
she thinks your penis is too small, which might be your problem since you are using it to think with.
Last time I heard, 8" wasn't soo small. So I looked it up 'Human penis size': https://en.wikipedia.org/wiki/Human_penis_size
I figure you're a cunt or a micropenis. If I ever meet you, I'm gonna kick-in your asshole with my size 14(us)/48(europe) boot.
Boot is X-tra wide as is all appendages on my 6' 1" frame.
Go back to sitting on your brain, clown of a prankster.
Putin is already there to defend:
By: Sorcha Faal, and as reported to her Western Subscribers
A stunning new report circulating in the Kremlin today prepared by the Ministry of Foreign Affairs (MoFA) states that President Putin has ordered an immediate deployment of at least 125 special forces operatives to Greece to “insure the protection of life at all costs” of that nations new Prime Minister Alexis Tsipras. [Photo 2nd left]
According to this report, Prime Minister Tsipras took office this past week after his Coalition of the Radical Left (SYRIZA) party won a “blowout” election victory sending shockwaves through the corridors of power in both the European Union and the United States.
Upon taking office, this report continues, Prime Minister Tsipras further “shocked and stunned” both the EU and US by holding his first official government meeting with Ambassador of Russia to Greece Andrey Maslov.
Compelling Prime Minister Tsipras to first meet with Ambassador Maslov, this report says, were fears that his life was in immediate danger from both the EU and US due to intelligence reports he’d received within hours of taking office provided to him by his own nations National Intelligence Service (EYP)
Though this MoFA report doesn’t say what the exact fears of Prime Minister Tsipras or the EYP, were, it does state that were of such a magnitude that Ambassador Maslov, acting on his own authority, ordered an immediate attachment of his own personal protection detail to that of the new Greek leader own security forces.
In addition to those special forces authorized by Ambassador Maslov to protect Prime Minister Tsipras, this report states, President Putin’s new order authorizes a further deployment to Greece of Foreign Intelligence Service (SVR RF) operatives and a contingent of specialists from the Psychological Security Department (PSD) of the Presidential Security Service (SBP).
Important to note, MoFA experts in this report say, is that the PSD is the intelligence branch of SBP that is responsible for analyzing information collected of the options about the lives risk of the President.
The PSD further mixes several selected intelligence experts from the Military Intelligence, Federal Internal Security and the Foreign Intelligence into one branch and their orders to help protect the life of Prime Minister Tsipras are authorized under the Law on Foreign Intelligence that allows them to conduct joint operations with foreign security services.
Also to be noted, this MoFA report says, is that the Federations assisting in the protection of Prime Minister Tsipras’ life is fully compatible with normal diplomatic functions as an historic obligation between Greece and Russia has long existed since diplomatic relations between the two nations have been in force since 1828, and both nations share strong social, religious and cultural ties.
Most astounding, perhaps, in this report is its detailing that Prime Minister Tsipras, nearly immediately upon his receiving Russian special forces protection, fired his first shot against both the EU and US banking oligarchs by publishing an open letter to the German people that, in brief part, said:
“My party, and I personally, disagreed fiercely with the May 2010 loan agreement not because you, the citizens of Germany, did not give us enough money but because you gave us much, much more than you should have and our government accepted far, far more than it had a right to. Money that would, in any case, neither help the people of Greece (as it was being thrown into the black hole of an unsustainable debt) nor prevent the ballooning of Greek government debt, at great expense to the Greek and German taxpayer.”
Following this open letter, this report continues, Prime Minister Tsipras “went nuclear” and declared that Greece that will not cooperate with the ‘troika’ [European Commission, European Central Bank and International Monetary Fund] of international lenders, and does not plan to seek an extension for its aid package which is set to expire at the end of February.
In striking back against Greece, however, this report says, German Chancellor Angela Merkel angrily replied that Greece could expect no further debt relief from the West’s banking oligarchs, a stance, mind you, that was countered by Russian Finance Minister Anton Siluanov stating that if Greece asked for loans the Federation would be inclined to give them.
Most critical to note, this report concludes, is that Greece doesn't need Europe's or America’s money to keep its budget afloat anymore, but Europe needs Greece's money to keep its banks afloat. However, and should Greece fully break with the EU and the Euro, both the Federation and the New Development Bank (NDB) [formerly referred to as the BRICS Development Bank] are able and willing to help Greece helping it escape Western domination.
And going from the truly ominous to the absolutely scary implications of this MoFA report, though not directly contained in it, is an interview given this past week by former US Assistant Secretary of the Treasury Dr. Paul Roberts who stated that the machinations being undertaking by the EU and US in both Greece and Ukraine were going to allow President Putin to crush both the West and NATO by destroying their oligarch banking system, and as we can, in part, read:
“...right now there are a great many things in the financial system that can blow up but the real blow up is going to require flight from the dollar and the euro. Once that happens, they can’t bail out the banks, the derivatives or the sovereign bonds.
In the short-term, while they can still print money, they can keep this rigged system standing.
But the minute the value of both the dollar and the euro start collapsing, that’s when the game is over.
Both of these currencies have increased in quantity far beyond the ability of the underlying economies to provide goods and services. When the flight comes there will be no way to stave off the instabilities that currently exist in the system...”
January 31, 2015 © EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.
[Ed. Note: Western governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagrees with in believing that it is every human beings right to know the truth. Due to our missions conflicts with that of those governments, the responses of their ‘agents’ against us has been a longstanding misinformation/misdirection campaign designed to discredit and which is addressed in the report “Who Is Sorcha Faal?”.]
Sorcha Faal fake or real...
A reasonable article:
http://www.thetruthseeker.co.uk/?p=17901
A fat, middle aged man is pretending to be a hot young chick on the internet?
That's my strategy, David Booth! You're wrecking it for me, you CIA bastard!
Five books I would seriously recommend reading to gain a full understanding of what is taking place:
Open Secret, by Erin Arvedlund
Extreme Money, by Satyajit Das
Private Equity at Work, by Eileen Appelbaum
All the Presidents' Bankers, by Nomi Prins
The Divide, by Matt Taibbi
make this mandatory lecture at every school in America
Well now that the curriculum is mandated at the federal level....
But don't make it before Holocaust study class.
<== Bretton Woods was a devised scam with a pre-designed shelf life
<== It just happened that way
^^^ precisely how I imagined the vote would turn out. But what's amazing is that if you walk into any sportsbar or Super Bowl party today and ask them what 'Bretton Woods' even was, maybe 1 in 50 would know the answer to that question.
I'm inclined to say "We're so fucked"... But it would be truthier to say "They're so fucked"
Most would likely ask "Is that a minor league team?" or "Is that Tiger's brother?"
Make that 1 in 100.
Well ~ I actually did that thing where, if you put 100 chimpanzees in front of a typewriter, one of them might bang out the Bible thing, so the calculus on that outcome narrowed it down to 1 in 50. So the difference in our math interpretations would be what the percentage of chimpanzees you might find, at any given moment thereof, in a sports bar.
Naturally I took the OVER on the William Hill line.
1 in 50 / 100 - very optimistic. I propose 1 in 1,000,000 (compliments of our excellent government education system). However, I can't stop thinking that I am being overly optimistic at 1,000,000.
Brettton Woods sounds like a new subdivision development.
Or maybe a nice place to take the family on a camping trip.
And both of those are rich in comedic potential.
History will record that in July 2014, the 70 year long international monetary reign which began in July 1944 at the United Nations Monetary and Financial Conference, held at the resort of Bretton Woods, New Hampshire came to an end at the Brazilian city of Fortaleza, where two new financial institutions were created: The New Development Bank will challenge the US controlled World Bank and the Contingent Reserve Arrangement will replace dependence on the US controlled International Monetary Fund
Mako explained it this way.....
- System starts
- System expands at the rate needed
- System peaks
- System unable to expand at rate needed
- System collapses
- System liquidates
- Rinse and repeat if choosen
Attaching interest (usury) to your medium of exchange is the system
as francis always taught, the problem is debt-money, not economists as some idiots would have you believe
The ink was hardly even dry before the gold [not debt money], & dollar [debt money] fix was irrecoverably disjointed.
- It didn't take long after that to find hefty ways to increase the debt thanks to the MIC
- or racketeer the dollar [via the Petrodollar]
- or, when Bretton Woods was finally toast, find a way to paper monetize & leverage every hard asset in the world [what hardly ever gets talked about is, within a decade after Bretton Woods got "NIXonED", &, after the inevitable commodity boom/bust which followed spurred on by the Oil Embargo, & Volcker, what REALLY happened was that the 401k phenomenon began in earnest... The 401k dynamic is really the thing that has kept Boomer/Sheep tied into the grid [since the early 80's] as they've seen their PAPER PORTFOLIOS & concepts about their net worth & security chug along over time with various speedbumps along the way]... It has created a FALSE FAITH in the system.
- the Glass Steagal part was the last straw which injected [what was becoming] a dying patient with adrenaline and give the criminals the keys to the vault.
- But, like a 'Friday the 13th' movie [where Jason never dies], the script just got worse where mountains of debt will NEVER die by way of bailouts, NIRPS, or whatever the 'theft of the day' happens to be.
It's a [SMALL] club & you ain't in it.
Most Humans Really Can't Help
Romney Wordsworth,
Good point about 401k's, "False Faith", and one of the biggest scam played upon the American savings (workers).
“If you add all the profits that the banks made from 1998 through 2008; in which the “ever-increasing” bonuses were paid from; 2008/2009 losses exceeded the ‘entire’ profit for those 10 years [1998 through 2008]” — Simon Johnson, of Baseline Scenario
“The Goyim is not stupid, he is trusting. This trusting instinct is what allows advanced civilization. The Goyim can be lead astray easily because he accepts things in a trusting way without critical reasoning. This is probably an evolutionary thing as a function of the last ice age.” — MEFOBILLS, at Zero Hedge
I guess "Tyler" didn't like your "feminization" of society comment...
Fuck censorship.
Let me say that agian "Tyler"
Fuck censorship.
and fuck the censor.
Wow! Thanks for bring that up and remind me.
Anyway, not sure what happen......
people are awaking. to who's dream is the question. can we take the tools of "modern banking" burn them and reduce the elites power and riches? from serfdom to serfdom..modern man cannot stay asleep, but the elite cannot hold power without us being eyes wide shut asleep. remember this banking system is built on illusion from which we can awake.
Nomi Prins is a beautiful, articulate, intellignet women.
She has that I-did-porn-to-pay-for-uni look....
She probably doesn't have any debt and since the majority have to prostitute themselves by one means or another anymore to get a college education, she no doubt got in a little networking a long the way as well.
Hypothetically speaking of course.
Nope, escorting is how many pay for uni now in Manhattan.
High end, not for long, but the effects are there on the face to read for any and all who have the ability to see it.
She went to NYU, ground zero for recruitment for Wall Street. Banking, of course.
Hypothetically speaking, a story if you will, just a tale, a fabrication, so to speak.
Yeah, I'd fuck her too.
Yeah, ok, shes hot and says big words but in reality she doesnt say anything thats particularily smart or really demonstrates a greater understanding of whats going on. If you speak on the subject as an 'insider,' bring something to the table that outsiders dont already know.
She probably tried to join the club but didnt fit in for whatever reason and now shes butthurt. Whatever the reality is, I agree with the comment below that she definitely has an outside agenda.
Her point about the psychosis of WS achievers and how the reward and selection process has multiplied it, that is true and she probably uses it to placate her feelings about not fitting in.
But as many other sources have talked about the sociopath environment that is todays WS, I believe it, which lets me not care about her motivations as much.
I am sorry to say, it is locked in so well, that without many deaths, nothing will change.
What if Financial Crises are all by Design:
http://winteractionables.com/?p=17884
A lot of designing has been going on; most are yet to connect the dots.
Was reading this today from http://www.wnd.com/2015/01/u-s-passports-on-verge-of-elimination/
The president and CEO of the New American Foundation is Anne-Marie Slaughter, who previously served as the director of policy planning in the State Department, where she worked for Hillary Clinton from January 2009 through February 2011.
Slaughter is the author of the 2005 book “A New World Order,” in which she argued the structure of global governance is already in place, through international organizations and agreements, broad networks of economic markets, travel and information flow.
Oh, geez, Anne-Marie Slaughter from Rockefeller's Trilateral Commission and John Hopkins' CSIS?
And now prez at Wall Street's New America Foundation, financed by Pew Charitable Trusts (oil money) and Peterson Foundation (funded from Blackstone Group, pe firm founded by Rockefeller lackey, Peter G. Peterson, with seed money from David Rockefeller).
"What if Financial Crises are all by Design"
Russ, most here at ZH pretty much know this. Crises are merely ways of stealing even more money.
Don't tell me what I know, tell me what I don't know....
If the system is less transparent then tell me how to hide my money...beside burying it in the ground.
Maybe a solid gold Cadillac.
Hide it in plain sight...
Have a boating accident
Do you know it? Cause if you do, that makes you part of the minority here, since most think the FED will print forever because "they have to keep the economy up."
Apparently most people here aren't able to read, since the FED's been creating booms and busts since its inception.
LOL ~ It's been creating 'booms & busts' since BEFORE its inception.
- The ending of the Charter of the 1st Bank of the United States was met with the War of 1812
- The ending of the Charter of the 2nd Bank of the United States was met with 2 assasination attempts on Andrew Jackson
- Greenbacks were ended by a paid assassin by the name of John Wilkes Booth
- The Coinage Act & the Panic of 1907 were all engineered crisises
ALL OF THE ABOVE were various attempts to muster up the events needed for an eventual blackmailed stooge [Wilson] to sign THE FED into existence...
All one needs to do is answer the question "WHO IS THE FED?" to begin to understand the reality [& furthermore, the fact that the dynamic has been in play since, AT LEAST, the Napoleonic wars in its present form].
Absolutely correct. Who's behind the FED. No seems to look for the root, but instead replace the root with the result while pretending the cause is something generic that happened just recently...
Yup, the legislation of 1913:
the Federal Reserve System creation
the 16th Amendment, to collect taxes for the Fed
the creation of the oil depletion allowance, and
the financial structure of foundations (allowing the super-rich to hide their wealth and ownership within foundations and trusts).
Become a Mr. T impersonator.
The Creature from Jekyll Island
Well we can't hardly blame our grandparents and great-grandparents for not figuring out the Jekyll Island junta.
Heck, they didn't even have the internet, but they were the beginning of global warming for sure; burning the baskets of coal every week to stay warm.
From what I've read in various books, quite a few Americans seemd alert and switched on hence for example the intense secrecy around the Jekyll Island meeting, and the Fed Res Act had to be sneaked through on Christmas Eve.
The secrecy today is gone (thanks to internet and many excellent books) but the intense psychological manipluation of education and everything else has successfully dumbed down their great grand kids who now know more about nothing and fight to defend it.
U.S Money VS Corporate Currency is a good read. Crozier. 1912.
"I would rather be governed by the first 2,000 people in the Boston telephone directory than by the 2,000 people on the faculty of Harvard University.”
– William F. Buckley
I'd rather be governed by NONE OF THE ABOVE [recalling the behavior of 'Bastan Strang-inans' in the lockdown aftermath of the Hoaxathon].
Technically, that's what they did in ol' Soviet Russia. It did work, and it didn't. Turns out the first 2000 people on the telephone directory are still as human as the 2000 in the Harvard faculty.
He had a penchant for people with a name beginning with A, B and C !
Simple minds make excellent conservatives.
Either that or he was from Yale! Most likely a skull n boner!
All that is true and...he was a CIA operative too !
Imagine having written a book called : God and Man at Yale!
A knight of Malta, you don't get more Ivy league than that!
Look up "affectation" and there is WFBs photo.
Sure, and therefore one should ignore or discount everything that he had to say?
I prefer to be governed by myself
I'd modify that with the first 2000 people in the phone book that know what the Federal Reserve is. This might extend the process a bit by going through 80% of the phone book conservatively.
We see central banks supporting all of this mess, as opposed to figuring out what the exit policy is -- which none of them have a clue about. Are you kidding me? An exit strategy? They could give a good rats ass about an exit strategy, they want TODAY'S fucking profits. Their exit strategy is a remote island somewhere. That's the stupidest thing I've ever heard. Damn!!!!
Morning Bitchez.
Just for a kick off then, lets see, outright theft, fraud, corruption, insider dealing, buying politicians, defrauding the general public, drug use, questionable morals, John Fucking Corzine, Libor rigging, drug running and laundering of said drug affairs, lobbying, Hank Fucking Paulson, re-hypothecation a hundred times, gold and silver manipulation, more fucking theft, outrageous bonuses for being bent and corrupt, sly, oh and bailout upon fucking bailout all at expense of the public at large, fucking sly devious cunts.
Whats not to like about banking? They own the whole fucking system top to fucking bottom, and fuck us very much.
Cunts.
:-)
Both fucking and cunts are demeaned by attempts to associate them with the nastiness done by banksters.
Nor is the unsavory nature of bankster frauds truly analogous to more worthy activities.
Using the words "fucking" and "cunts" has no more negative descriptive value than would exist by substituting the words "eating" and "bread" ...
(except perhaps, I suppose, to the anti-sex misogynist.)
:-)
You forgot.. Let them eat cake.
/LOL
Whats a misogynist?
;-)
A misogynist,
one might say,
is someone who has much the same regard for women,
as banksters have for everybody.
Banking Act of 1933, commonly called Glass-Steagall, won’t embed link source.
http://www.federalreservehistory.org/Events/DetailView/25
Public Image Ltd - Round
Bring the ruckus. The satoshis will be chopping the heads off when fundamentals will eventually prevail. Open competition between currencies = end of institutionalized banking.
Jefferson32 - I know who you really are..... or at least your other pen name.
Since we climbed down out of the trees, there have always been a few guys in the villiage who end up owing most of the goats. It has not always been done honorably.
She has an agenda...
Informers often do. Her book The Shock Doctorine was a fascinating, informative and painful read. As to following her words blindly into the future, that's a fools path. Many times I have found interesting authors, whistle-blowers, videos etc only to realise that after they deliver some "truth" they then guide us towards desired "solutions" sometimes subtly and other times not so subtly.
Er, except she did not write The Shock Doctrine...
Useless...Not to be an ass, but "Shock Doctrine" was written by Naomi Klein in 2007. Yes, it is a good book.
PD
Yours is a common error. We are talking here about Nomi Prins. The Shock Doctrine was written by Naomi Klein. I respect the views of both. Naomi Wolf is also worth reading or listening to for that matter.
Yes my bad...I know the difference between Ms Prins and Ms Klein; and shoulda finished my 1st coffee before posting ;)
Naomi Wolf's A Letter To a Patriot was a great read...some of her other stuff, not so much.
She has an agenda...
Of course they are sociopaths...all of them. They have no empathy, they take drugs (that excite the same centres in the brain that money does), and they are all liars. These are the people that work for GS & JPM. The same fellows go to .gov or .ivyleague and spread the virus there.
Any new crisis in the banking system will nudge the remaining clueless masses to the reality of their situation. Banks want to avoid that.
Thank you, Captain Obvious.
When I access this site via Bing there seems to be no problem but when I use Ixquick search engine the site fails to respond and continually closes and reopens. So long Zero Hedge I don't have time to wait for your page to reload
i have the same probem trying to roller skate on a ski slope :)
i think it's your "virus shield", this site regularly has a few hundred thousand viewers, who are sort of happy to put up with the tracking of other site surfing by google and subsequnet ad posting that needs adobe flash player etc.
me i have moved from russian wives and duluth underwear to Orbit chewing gum and "WWIII starts here" with the odd Depression Treatment Advice, i have no idea how screwed up the ads are in relation to my internet surfing habits which haven't changed from this one, Mish, sports, some house hunting (globally) etc.
happy conventional MSM "talking head" based thinking !
See ya. Don't let the Ukrainian hooker adverts hit you in the a$$ on the way out. Thanks for your contributions.
Just accessed ZH from IXQUICK with no problems,,, running Debian with adblock (sorry ZH barely enough room for the article with all the ads)
Erh! typical housewife (!)
Just type www.zerohedge.com into your browser. presto.
Gold is easier to hide than money, it's more compact. I think the lies about how much gold is where are bigger than those about derivatives.