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The Kick Them All Out Project

Brits to Debate the Creation of Money



FedUpUSA.org
November 16, 2014

Bill Still reports on the upcoming Parliament debate on the creation of money.  It is the first time the subject will be taken up in over 170 years.

Of course, ever cynical after all this time, I have little faith that the very people who brought us unbacked credit emission (creating money out of nothing), will actually vote to change the system that benefits no one but the very wealthy who control the quantity of money, one can always hope, I suppose.

History:  In 1490 the British Parliament passed laws allowing the explorers of the ‘New World’ to create bills of lading on goods they did not yet own in order to use them as credit.  This  allowed them to sell these as yet unfulfilled bills of lading in order to finance the building of their ships (many of which would never come back).  These bills of lading were ‘credit’ for as yet undiscovered spoils procured from the New World.  Sometimes they paid off, and the holder received just compensation, but many times they did not as the ships were never heard from again.  However, the practice remained.  Thus, unbacked credit was brought into existence and our monetary system has been based upon it ever since.

This is the root of everything that is wrong with our economic system; it is responsible for the massive wealth disparity and it is responsible for the relentlessly declining value of people’s hard labor.

 









 

The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare




Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking

She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn't take it anymore. 

"It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'" 

Fleischmann is a tall, thin, quick-witted securities lawyer in her late thirties, with long blond hair, pale-blue eyes and an infectious sense of humor that has survived some very tough times. She's had to struggle to find work despite some striking skills and qualifications, a common symptom of a not-so-common condition called being a whistle-blower.

Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep the public from hearing.

Back in 2006, as a deal manager at the gigantic bank, Fleischmann first witnessed, then tried to stop, what she describes as "massive criminal securities fraud" in the bank's mortgage operations.

Thanks to a confidentiality agreement, she's kept her mouth shut since then. "My closest family and friends don't know what I've been living with," she says. "Even my brother will only find out for the first time when he sees this interview." 

Six years after the crisis that cratered the global economy, it's not exactly news that the country's biggest banks stole on a grand scale. That's why the more important part of Fleischmann's story is in the pains Chase and the Justice Department took to silence her.

She was blocked at every turn: by asleep-on-the-job regulators like the Securities and Exchange Commission, by a court system that allowed Chase to use its billions to bury her evidence, and, finally, by officials like outgoing Attorney General Eric Holder, the chief architect of the crazily elaborate government policy of surrender, secrecy and cover-up. "Every time I had a chance to talk, something always got in the way," Fleischmann says.

This past year she watched as Holder's Justice Department struck a series of historic settlement deals with Chase, Citigroup and Bank of America. The root bargain in these deals was cash for secrecy. The banks paid big fines, without trials or even judges – only secret negotiations that typically ended with the public shown nothing but vague, quasi-official papers called "statements of facts," which were conveniently devoid of anything like actual facts. 


Greenspan’s Stunning Admission: “Gold Is Currency; No Fiat Currency, Including the Dollar, Can Match It”



Zero Hedge
November 8, 2014

For some reason, the Council of Foreign Relations, where ex-Fed-Chief Alan Greenspan spoke last week, decided the following discussion should be left out of the official transcript. We can perhaps understand why… as Gillian Tett concludes, “comments like that will be turning you into a rock star amongst the gold bug community.”

Greenspan (Uncut):









 

Carmen Segarra, the whistleblower of Wall Street



One Federal Reserve employee’s refusal to play along with a rigged financial game has made her a true modern dissident



By Gary Younge
theguardian.com
October 8, 2014

In a 1978 political essay, Power of the Powerless, the Czech dissident (and later president) Vaclav Havel paints a scenario of a greengrocer who has been sent a poster announcing “Workers of the World Unite” by the authorities along with his vegetables. Explaining why the grocer would put the poster up in his shop window, Havel writes: “He does it because these things must be done if one is to get along in life. It is one of the thousands of details that guarantee him a relatively tranquil life ‘in harmony with society’.”

In this context, argues Havel, the poster’s message has become devoid of meaning. Nobody believes in it. They just have to behave as though they do. “They must live within a lie. They need not accept the lie. It is enough for them to have accepted their life with it and in it. For by this very fact, individuals confirm the system, fulfil the system, make the system, are the system.”

But what, muses Havel, if one day the grocer decides to take the poster down. The personal penalty would be huge, but the political ramifications could be considerable also. “By breaking the rules of the game, he has disrupted the game … He has broken through the exalted facade of the system and exposed the real, base foundations of power … He has enabled everyone to peer behind the curtain. He has shown everyone that it is possible to live within the truth. Living within the lie can constitute the system only if it is universal.”

Carmen Segarra, in the spirit of Chelsea Manning and Edward Snowden before her, is like the greengrocer who said no. Segarra, a former employee of the New York Federal Reserve, was fired after she refused to tone down a scathing report on conflicts of interest within Goldman Sachs. She sued the Fed over her sacking but the case was dismissed by a judge without ruling on the merits because, he said, the facts didn’t comply with the statute under which she had filed. Segarra is now appealing.


Wall Street's Unprecedented Land Grab



August 9, 2014
PressTV.ir




A recent review carried out by the organization GRAIN revealed that small farms produce most of the world's food and are more productively efficient than large farms.

Facilitated by an appropriate policy framework, small farmers could easily feed the global population. However, small farmers are currently squeezed onto less than a quarter of the world's farmland. The world is fast losing farms and farmers through the concentration of land into the hands of the rich and powerful. The report concluded that if nothing is done to reverse this trend, the world will lose its capacity to feed itself.

One major reason why small farms are disappearing is the rapid growth of monoculture plantations. In the last 50 years, 140 million hectares - well more than all the farmland in China - have been taken over for soybean, oil palm, rapeseed and sugar cane alone. By definition, peasant agriculture prioritizes food production for local and national markets as well as for farmers' own families, whereas corporations take over scarce fertile land and prioritize commodities or export crops for profit and markets far away that cater for the needs of the affluent.


The Federal Reserve Cartel: A Financial Parasite



By Dean Henderson
July 22, 2014
hendersonlefthook.wordpress.com


(Excerpted from Chapter 19: Big Oil & Their Bankers…Part four of a five-part series)

United World Federalists founder James Warburg’s father was Paul Warburg, who financed Hitler with help from Brown Brothers Harriman partner Prescott Bush. [1]

Colonel Ely Garrison was a close friend of both President Teddy Roosevelt and President Woodrow Wilson.  Garrison wrote in Roosevelt, Wilson and the Federal Reserve, “Paul Warburg was the man who got the Federal Reserve Act together after the Aldrich Plan aroused such nationwide resentment and opposition.  The mastermind of both plans was Baron Alfred Rothschild of London.”

The Aldrich Plan was hatched at a secret 1910 meeting at JP Morgan’s private resort on Jekyll Island, SC, between Rockefeller lieutenant Nelson Aldrich and Paul Warburg of the German Warburg banking dynasty.  Aldrich, a New York congressman, later married into the Rockefeller family.  His son Winthrop Aldrich chaired Chase Manhattan Bank.  While the bankers met, Colonel Edward House, another Rockefeller stooge and close confidant of President Woodrow Wilson, was busy convincing Wilson of the importance of a private central bank and the introduction of a national income tax. A member of House’s staff was British MI6 Permindex insider General Julius Klein. [2]


The Federal Reserve Cartel: The Solution



By Dean Henderson
July 22, 2014
hendersonlefthook.wordpress.com

(Conclusion of a five-part series)

Thomas Jefferson opined of the Rothschild-led Eight Families central banking cartel which came to control the United States, “Single acts of tyranny may be ascribed to the accidental opinion of the day, but a series of oppressions begun at a distinguished period, unalterable through every change of ministers, too plainly prove a deliberate, systematic plan of reducing us to slavery”.

Two centuries and a few decades later this same cabal of trillionaire money changers – mysteriously immune from their own calls for “broad sacrifice” – utilizes the debt lever to ring concessions from the people of Ireland, Greece, Spain, Portugal, Italy and now the United States.

In their never-ending quest to subjugate the planet, the bankers’ IMF enforcer – chronic harasser of Third World governments – has turned its sites on the developed world. To further advance their dizzying concentration of economic power, the whining banksters take a giant wrecking ball to the global middle class as they prepare to eat their young.


Citigroup: The Original Gangsta



By Robert Scheer
July 20, 2014
truthdig.com

Radu Bercan / Shutterstock.com

Barack Obama’s Justice Department on Monday announced that Citigroup would pay $7 billion in fines, a move that will avoid a humiliating trial dealing with the seamy financial products the bank had marketed to an unsuspecting public, causing vast damage to the economy.

Citigroup is the too-big-to-fail bank that was allowed to form only when Bill Clinton signed legislation reversing the sensible restraints on Wall Street instituted by President Franklin Roosevelt to avoid another Great Depression. 

Those filled with Clinton nostalgia these days might want to reflect back on how truly destructive was his legacy for hardworking people throughout the world who lost so much due to the financial shenanigans that he made legal.

“Today what we are doing is modernizing the financial services industry, tearing down those antiquated laws and granting banks significant new authority,” a beaming Clinton boasted after signing the Financial Services Modernization Act into law in 1999.

Called the Citigroup authorization act by some wags at the time, those antiquated laws, the Glass-Steagall Act primarily, had put a safety barrier between the high rollers in Wall Street investment firms and the staid commercial banks charged with preserving the savings of ordinary folk. The new law permitted them to merge.

The Eight Families’ The Federal Reserve Cartel



By Dean Hendeson
hendersonlefthook.wordpress.com
July 20, 2014

(Excerpted from Chapter 19: The Eight Families: Big Oil & Their Bankers…)

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

According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation. [1]

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

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

One important repository for the wealth of the global oligarchy that owns these bank holding companies is US Trust Corporation – founded in 1853 and now owned by Bank of America.  A recent US Trust Corporate Director and Honorary Trustee was Walter Rothschild.  Other directors included Daniel Davison of JP Morgan Chase, Richard Tucker of Exxon Mobil, Daniel Roberts of Citigroup and Marshall Schwartz of Morgan Stanley. [2]


Video: Century of Enslavement: The History of The Federal Reserve



What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls back the curtain on America's central bank.









 
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