The Final Assault on Personal and Sovereign Wealth Has Begun


I have chronicled how our financial systems and our sovereign wealth funds are be attacked and pillaged by the PTB.  I have referred to Credit Derivatives and Repos as weapons of mass destruction, and indeed as we see now surfacing from the Goldman Sachs hearings just how devastating these weapons have been in bringing down the economy.  Goldman alone made over $4 Trillion in the last five years.

But now, with governments on their knees on both sides of the Atlantic, the final assault has begun.  There will be some who say I am an alarmist.  I am naive and in my ignorance I just don’t understand the complexities of world finance. Really?  I don’t think so.

One only has to watch from a longer perspective like I have since the assault began on Argentina in 2002.  This has been well planned, methodical, and extremely effective in results.  One fact should be kept in clear perspective.  165 of the world’s central banks are privately owned by the Rothschild family.  Remember this very clearly when you listen to all of the rhetoric.  This point cannot be over-emphasized.

The EU is going down this summer.  In watching the attack, one only has to realize the timing of certain events.  The idea is not having the general public “catch on”.  But for example, look at the timing of the Standards and Poor’s downgrading of Greek and Spanish bonds in relationship to the discussions of the EU ministers on developing a bailout plan for Greece.  I don’t think that is coincidence and it was a bucket of cold water on the whole process and sent waves of concern through the markets. Waves like for the first time since WWII that the German bond auction was not fully subscribed.

In a speech before the elitist Council on Foreign Relations organization in New York earlier this week, President of the European Central Bank Jean-Claude Trichet called for the imposition of global governance to be bossed by the G20 and the corrupt Bank of International Settlements in the name of safeguarding the global economy.

In an address entitled “Global Governance Today,” Trichet proclaims how the elite need to impose “A set of rules, institutions, informal groupings and cooperation mechanisms that we call “global governance”. During the course of the speech, Trichet uses the term “global governance” well over a dozen times, outlining how “global governance is of the essence” to avoid another financial crisis.

A full transcript of the speech was also carried by the Bank for International Settlements, an international organization of central banks that has constantly lobbied for a centralized global currency to replace that of nation states. Trichet praises the BIS as being “ahead of the curve” in dealing with the financial crisis during the speech.

Essentially his conclusions were as follows:

Conclusions

In conclusion I would like to stress four points.

First, global governance is of the essence to improve decisively the resilience of the global financial system. We avoided a major depression but it was a close call. Governments had to support the financial sector by putting at risk taxpayers’ money for the equivalent of around 25 % of GDP on both sides of the Atlantic. This as unprecedented. I am convinced that, if we do not reinforce significantly the resilience of the financial system, our democracies will not accept for a second time such a very large scale of rescue operation.

Second, a characteristic of the recent turbulences is not only that they [governments] displayed a high level of unpredictability but also an extreme rapidity in the succession of events characterizing the unfolding of the crisis. Global governance today must demonstrate a capacity to coordinate with agility and, where necessary, to decide extremely swiftly. This is also unprecedented.

Third, the crisis has had some paradoxical effects: on the one hand it has unleashed a tendency to reengage in financial nationalism if not mercantilism; on the other hand it had contributed to the recognition that a very high degree of interdependencies between economies called for a much higher level of cooperation. These two opposing forces are presently competing. It is imperative that effective global governance preserve the level playing field which is indispensable to foster global stability and prosperity. It is a major challenge. Both sides of the Atlantic have a very important responsibility in this respect in many domains, in particular in prudential and accounting rules.

And fourth, as we have seen the crisis has driven an historic change in the framework of global governance. In my view this transformation was overdue. But there are two immediate reasons for this change. One is positive: the emerging economies are now economically and financially so important and systemically so influential that they must have a full and proper ownership of global governance. But the second reason is negative: the industrialized countries have proven particularly clumsy in their handling of global finance before the crisis at the time when their responsibility in global governance was obviously overwhelming. There was therefore no reason to confirm their exclusive prime responsibility. This calls for the industrialized countries to be now particularly irreproachable in the delivery of their present and future contribution to the stability and prosperity of the global economy within the new, more inclusive framework.”

The primary outfit that will boss the institutions of global governance, according to Trichet, is the Global Economy Meeting (GEM), which regularly meets at the BIS headquarters in Basel. This group, states Trichet, “has become the prime group for global governance among central banks”. The GEM is basically a policy steering committee under the umbrella of the Bank for International Settlements.

The BIS is a branch of the of the Bretton-Woods International Financial architecture and closely allied with the Bilderberg Group. It is controlled by an inner elite that represents all the world’s major central banking institutions. John Maynard Keynes, perhaps the most influential economist of all time, wanted it closed down as it was used to launder money for the Nazis during World War II.

Financial website Investors Insight describe the BIS as “the most powerful bank you’ve never heard of,” labeling it “the most powerful financial institution on earth”.

The bank wields power through its control of vast amounts of global currencies. The BIS controls no less than 7% of the world’s available foreign exchange funds, as well as owning 712 tons of gold bullion.

“By controlling foreign exchange currency, plus gold, the BIS can go a long way toward determining the economic conditions in any given country,” writes Doug Casey. “Remember that the next time Ben Bernanke or European Central Bank President Jean-Claude Trichet announces an interest rate hike. You can bet it didn’t happen without the concurrence of the BIS Board.” The BIS is basically a huge slush fund for global government through which secret transfers of wealth from citizens are surreptitiously handed to the IMF.

“For example, U.S. taxpayer monies can be passed through BIS to the IMF and from there anywhere. In essence, the BIS launders the money, since there is no specific accounting of where particular deposits came from and where they went,” writes Casey.

The Council On Foreign Relations comprises of influential elitists and powerbrokers from all sectors of government, business, academia and the media. It is the public face of the more secretive Bilderberg Group. The CFR only recruits members sympathetic to its agenda for global government and the elimination of U.S. sovereignty.

The scope of the CFR’s mission was best encapsulated by former Deputy Secretary of State under Clinton and CFR luminary Strobe Talbott, who told Time Magazine in July 1992, “In the next century, nations as we know it will be obsolete; all states will recognize a single, global authority. National sovereignty wasn’t such a great idea after all.”

The next step is to eliminate all paper money.  Everything will go electronic.  In the US this is already being imposed as a beta test with social security and disability benefits.  By 2013, no one will get their money, just credits and electronic transfer period.

My suggestion is to get hold of and keep as many hard assets as you can and you better start now as time is very short, very short indeed.

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Author: redhawk500

International business consultant, author, blogger, and student of life. After 35 years in business, trying to wake the world to a new reality. One of prosperity, abundance, and most importantly equal opportunity. it's time to redistribute wealth and power.

2 thoughts on “The Final Assault on Personal and Sovereign Wealth Has Begun”

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