Biggest Scam In World History Exposed
By David DeGraw, AmpedStatus
Just when I thought the banksters couldn’t possibly shock me anymore… they did.
We were finally granted the honor and privilege of finding out the specifics, a limited one-time Federal Reserve view, of a secret taxpayer funded “backdoor bailout” by a small group of unelected bankers. This data release reveals “emergency lending programs” that doled out $12.3 TRILLION in taxpayer money – $3.3 trillion in liquidity, $9 trillion in “other financial arrangements.”
The Federal Reserve was secretly throwing around our money in unprecedented fashion, and it wasn’t just to the usual suspects like Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; it was to the entire Global Banking Cartel. To central banks throughout the world: Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden, Switzerland, England… To the Fed’s foreign primary dealers like Credit Suisse (Switzerland), Deutsche Bank (Germany), Royal Bank of Scotland (U.K.), Barclays (U.K.), BNP Paribas (France)… All their Ponzi players were “gifted.” All the Racketeer Influenced and Corrupt Organizations got their cut.
okay, let’s lay this out very bluntly…these banks are among the international banking cartel that OWNS and OPERATES the u.s. federal reserve bank – which prints our currency. THEY HAVE NO NEED FOR TRILIONS OF DOLLARS OF MONEY THAT THEY PRINTED FOR US! THEY HAVE STOLEN TRILLIONS OF DOLLARS JUST TO DESTROY THE VALUE OF THE DOLLAR!
in this video from 2009, max keiser spells it out for us:
more from David DeGraw -
I’ve been arguing for years that the market is rigged and that the major Wall Street firms are elaborate Ponzi schemes, as have many other people who built their beliefs on rational thought, reasoned logic and evidence. We already came to this conclusion by doing the research and connecting the dots. But now, even our strongest skeptics and the most ardent Wall Street supporters have it all laid out in front of them, on FEDERAL RESERVE SPREADSHEETS.
Even the Financial Times, which named Lloyd Blankfein its 2009 person of the year, reacted by reporting this: “The initial reactions were shock at the breadth of lending, particularly to foreign firms. But the details paint a bleaker and even more disturbing picture.”
Do you get that? The very people most responsible for crashing the system, were then rewarded with trillions of our dollars. This gave that select group of insiders unlimited power to seize control of assets and have unprecedented leverage over almost everything within their economies – crony capitalism on steroids.
This was a hostile world takeover orchestrated through economic attacks by a very small group of unelected global bankers. They paralyzed the system, then were given the power to recreate it according to their own desires. No free market, no democracy of any kind. All done in secrecy. In the process, they gave themselves all-time record-breaking bonuses and impoverished tens of millions of people – they have put into motion a system that will inevitably collapse again.
Welcome to the neo-feudal-fascist state.
People throughout the world who keep using the dollar are either A) Part of the scam; B) Oblivious to reality; C) Believe that US military power will be able to maintain the value of an otherwise worthless currency; D) All of the above.
what does this mean to everyday, average americans?
The total number of Americans living in poverty will increase to 105 million using the National Academy of Science data.
Last year, in my analysis, extrapolating data from 2008 National Academy of Science findings, I estimated that the number of Americans living in poverty in 2009 was at least 52 million. Recently, the National Academy of Science released their latest findings, backing up my claim by revealing that 52,765,000 Americans, 17.3% of the population, lived in poverty in 2009.
Record Breaking Food Insecurity
In 2005, 25.7 million Americans needed food stamps.
Tent city homeless camps are popping up all over the United States.Today nearly 46 million Americans rely on food stamps.
Congress has responded the additional need for food stamps by saying fuck you to the public and cutting the funding for the food stamp program.
The cuts come as 22.5 million additional Americans need food stamps
The brings the total number of Americans in need of food assistance to a stunning 68.3 million people.
Record Breaking Unemployment
“Official” unemployment is at 9%, but only because the government refused to count millions of unemployed as being unemployed. Go figure.
While the “official” unemployment rate hovers around 9%, 14 million people, the government’s numbers are deceptively low once again. The only reason unemployment has stayed below 10% for the past few months is because millions of long-term unemployed, and part-time workers who are looking for full-time work, are not included in the baseline government unemployment rate.
The real number of unemployed is at an all-time record total of 34 million people which puts the unemployment rate at 22.5%.
While the cost of living from 1990 – 2010 increased by 67%, worker income has declined.
IRS data showed in 2009 average income fell 6.1%, a loss of $3,516 per worker, that year alone.
Average income has declined 13.7% from 2007 – 2009, representing a $8,588 loss per worker.
How Much Wealth Do The Economic Elite Have?
While 68.3 million Americans struggle to get enough food to eat and wages are declining for 90% of the population, US millionaire household wealth has reached an unprecedented level.
US millionaire households now have $38.6 trillion in wealth.
They also have an additional $6.3 trillion hidden in offshore accounts.
In total, US millionaire households have at least $45.9 trillion in wealth
The majority of this wealth is held within the upper one-tenth of one percent of the population.
US millionaire households will see a 225% increase in wealth to $87.1 trillion by 2020.
Accounting for wealth hidden in offshore accounts, they are projected to have over $100 trillion in total within the next decade.
To put it in perspective, the entire cost of feeding 40 million Americans on food stamps was $65 billion.
Only 74 Americans are in this elite group – the highest bracket for annual income – $50 million or more.
The average income within this category was $91.2 million in 2008.
As astonishing as that is, in 2009 they averaged $518.8 million each, or about $10 million per week.
Folks in the top 0.1% come from many backgrounds but it’s infrequent to meet one whose wealth wasn’t acquired through direct or indirect participation in the financial and banking industries…. Most of the serious economic damage the US is struggling with today was done by the top 0.1% and they benefited greatly from it…. For example, in Q1 of 2011, America’s top corporations reported 31% profit growth and a 31% reduction in taxes, the latter due to profit outsourcing to low tax rate countries…. The year 2010 was a record year for compensation on Wall Street, while corporate CEO compensation rose by over 30%.…
I could go on and on, but the bottom line is this: A highly complex and largely discrete set of laws and exemptions from laws has been put in place by those in the uppermost reaches of the US financial system. It allows them to protect and increase their wealth and significantly affect the US political and legislative processes.
Tax Breaks For The Rich, Budget Cuts For The Rest Of Us
To further demonstrate how the mega-wealthy have seized control our political process, consider that the richest 400 Americans paid 30% of their income in taxes in 1995.
They now pay only 18%.
In fact, 1,470 Americans earned over $1 million in 2009 and didn’t pay any taxes.
The average tax rate for millionaires was 22.4% in 2009, down from 30.4% in 1995.
The average millionaire saves $136,000 a year due to reduced tax rates.
Corporate tax accounted for 27.3% of federal revenue in 1955.
In 2010, corporate tax accounted for only 8.9% of federal revenue.
Corporate taxes accounted for 4.3% of overall GDP in 1955, in 2010 they accounted for only 1.3%.
The Phantom Recovery
By decreasing the value of the dollar, the Federal Reserve is also inflating the stock market by creating the impression that stock prices are rising, which, when measured in dollars, they have.
In real terms the value of the stock market has decreased.
To understand how deceptive this strategy has been in giving the appearance of a rising market, instead of measuring overall stock value in dollars, let’s look at their overall value when measured in terms of gold:
Dow/Gold Chart from January 1, 2003 – August 8, 2011
Fascism in America
Other than driving large segments of the American population into poverty, and pushing the majority into massive debt and a state of financial desperation, there is an ever darker side to what is unfolding today. The Economic Elite have turned America into a modern day fascist state.
As President Franklin D. Roosevelt once described fascism: “The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it comes strong than their democratic state itself. That, in its essence, is fascism — ownership of government by an individual, by a group, or any controlling private power.”
The most blatant modern example of this was the bailout of Wall Street, when the “too big to fail” banks got politicians to promptly hand out trillions of tax dollars in support and subsidies to the very people who caused the crisis, without any of them being held accountable.
Modern Day Slavery
Another shocking example of how far we have descended into fascism is the American Legislative Exchange Council (ALEC), which is a group of corporate executives who literally write government legislation. They have gone as far as setting up a system that imprisons the poor and then puts them to work, instead of paying living wages to non-imprisoned workers. Make no mistake, this is a modern day system of slavery unfolding before our eyes.
At the leadership of ALEC and various other Economic Elite organizations, poverty has essentially become a crime. To demonstrate these attacks against the poor, there was $17 billion cut from public housing programs, while there was an increase of $19 billion in programs for building prisons, “effectively making the construction of prisons the nation’s mainhousing program for the poor.” Before laws began to be rewritten in 1980, with direct input from ALEC, we had a prison population of 500,000 citizens. After laws were rewritten to target poor inner city citizens with much more severe penalties, the US prison population skyrocketed to 2.4 million people.
We now have the largest prison population in the world. With only 4% of the world’s population, we have 25% of the world’s prison population. As I reported previously, in a report entitled, “American Gulag: World’s Largest Prison Complex“:
“The US, by far, has more of its citizens in prison than any other nation on earth. China, with a billion citizens, doesn’t imprison as many people as the US, with only 308 million American citizens. The US per capita statistics are 700 per 100,000 citizens. In comparison, China has 110 per 100,000. In the Middle East, the repressive regime in Saudi Arabia imprisons 45 per 100,000. US per capita levels are equivalent to the darkest days of the Soviet Gulag.”
The Death Toll
The dramatic increase in poverty has obviously torn many families apart and caused a devastating psychological toll, but consider the increase in deaths as a result of poverty and severe wealth inequalities. This is a very difficult statistic to accurately measure, but Columbia University’s School of Public Health conducted an intensive examination of mortality and medical data and estimated that “875,000 deaths in the US in 2000 could be attributed to a cluster of social factors bound up with poverty and income inequality.”
As a report by Debra Watson sums up the study, “There is no reason to believe, after a decade that has seen sustained attacks on social programs and consistently high unemployment rates, that the social mortality rate has declined. On the contrary, it has likely risen.” Indeed, poverty and income inequality have skyrocketed since 2000.
Now, let’s consider the fact that, according to the Census Bureau, 31.1 million people lived in poverty in 2000, and according to Columbia’s study 875,000 deaths came as a result. This means that 1 out of every 35.5 people living in poverty die annually as a result of their impoverishment. If you extrapolate this data to the 2009 total of 52.8 million people living in poverty, you get an estimate of 1,486,338 deaths within that year. Even if you use the lower poverty totals from the Census Bureau, 43.6 million people, you get an estimate of 1,228,169 deaths in 2009.
Deliberate Systemic Attacks
The dramatic increase in economic inequality and poverty, along with the unprecedented rise in wealth within the top one-tenth of one percent of the population has not happened by mistake. It is the designed result of deliberate governmental and economic policy. It is the result of the richest people in the world, and the “too big to fail” banks, using the campaign finance and lobbying system to buy off politicians who implement policies designed to exploit 99.9% of the population for their financial gain. To call what is happening a “financial terrorist attack” on the United States, is not using hyperbole, it is the technical term for what is currently occurring.
However, as what happens with all empires, greed and arrogance makes them overreach. The beaten down masses get to a point where they literally can’t live under these conditions. This desperation spreads throughout the population until it reaches a critical mass, then, suddenly, they rise up and the empire begins to collapse… Tunisia, Algeria, Egypt, Israel, (Northern Africa, the Middle East), Albania, Greece, Spain, Britain (Europe), Wisconsin…
The Economic Elite are overreaching and their empire is collapsing.
The decentralized global rebellion has begun…
Welcome to World War III.
Which side of history do you want to be on?
mad props to alexander higgins for filtering through the original source – from the link at the top of the page – which i have further filtered here
and also see these previous post:
so far, there have been no allegations that rogue elements within the secret service and military attempted to assassinate president obama
four bombs rock colombia shortly after the arrival of president obama
Small explosions rocked Colombia on Friday evening (April 13), as leaders gathered for a summit in the coastal city of Cartagena. Two small bombs exploded in Cartagena near a bus terminal, and another two went off in the capital Bogota. The bombings were timed, just hours after President Barack Obama touched down in Cartagena. Another hitch came when Secret Service agents sent to provide security for Obama were sent home.
The sixth Summit of the Americas gathers 33 leaders, and is expected to tackle Cuba, the Falklands dispute, trade tensions, and the war on drugs. click on this link to see a video report by Michaela Cabrera, Reuters.
and this, from the guardian uk:
11 SECRET SERVICE AGENTS RECALLED, 5 SOLDIERS CONFINED TO BARRACKS
The US secret service says it has put 11 agents on leave while it investigates alleged misconduct before a summit attended by Barack Obama in Colombia, as it emerged that five soldiers are also facing investigation.
The secret service apologised for the distraction the incident had caused at the summit in Cartagena, where Barack Obama is meeting leaders of more than 30 countries.
The US Southern Command announced that five service members, who were assigned to support the secret service and were staying at the same hotel as the agents under investigation, had violated their curfew and may have been involved in inappropriate conduct. The soldiers were confined to their quarters in Colombia and ordered not to have contact with others.
All the alleged activities took place before Obama arrived at the summit on Friday.
The secret service said the incidents had had no bearing on its ability to provide security for Obama.
General Douglas Fraser, the commander of US Southern Command, said he was “disappointed by the entire incident” and the behaviour was “not in keeping with the professional standards expected of members of the United States military”.
Colonel Scott Malcom, chief of public affairs for Southern Command, confirmed that the five soldiers had violated a curfew. He could not confirm whether service members were involved in the alleged prostitution scandal.
The agents and soldiers were at Cartagena’s five-star Hotel Caribe, where several members of the White House staff and press corps also later stayed.
A hotel employee said the agents had arrived at the beachfront hotel about a week ago and left on Thursday, a day before Obama and other regional leaders arrived for the weekend summit. Three waiters described the agents as drinking heavily during their stay.
A German-owned freighter loaded with weapons from Iran was stopped on Friday near the Syrian port of Tartus in the Mediterranean Sea, SPIEGEL has learned.
A few days prior, the Atlantic Cruiser, owned by the Emden carrier Bockstiegel, had allegedly picked up heavy military equipment and munitions meant for Syrian dictator Bashar Assad’s regime from an Iranian freighter at the Djibouti port. The cargo, desperately needed reinforcements for Assad’s crackdown on dissidents, was supposed to be unloaded on Friday.
But defectors from inside the Syrian government had learned of the delivery and warned the shipping company. On Friday the Atlantic Cruiser suddenly changed course, heading for the Turkish harbor of Iskenderun instead. Then the ship stopped some 80 kilometers (50 miles) southwest of Tartus, sailing in circles for the next few hours.
“We stopped the ship after getting information on the weapons cargo,” shipping agent Torsten Lüddeke of Hamburg-based C.E.G. Bulk Chartering told SPIEGEL.
According to Lüddeke, the ship had been chartered by an Odessa, Ukraine-based company called White Whale Shipping. “They declared to us as cargo mainly pumps and similar things,” he said. “We never would have allowed weapons on board.” For now, the 6,200-ton ship will “stay where it is,” he added.
Meanwhile, the Ukrainian shipping company has insisted that the Atlantic Cruiser is not carrying weapons and that it be allowed to dock in Tartus.
However, SPIEGEL has learned that the ship’s crew had attempted to refuel in the Cypriot port of Limassol, but was turned away after reporting its cargo as “weapons and munitions.”
UN Negotiations Continue
The German Economics Ministry told the Associated Press on Saturday that it was looking into the matter, but provided no further details.
The route between Djibouti and Tartus is known as a path for transporting weapons, according to intelligence experts. In January another ship out of Russia was halted with munitions in Cyprus, but later continued its journey with the cargo to Syria after the captain declared he would head to a different port than initially planned.
UPDATE: haaretz has reported that the ship has “disappeared off the radar” has provided no details.
Bank Hapoalim has filed a massive $720 million suit against Bank of America, Merrill Lynch and Countrywide over its losses in the U.S. subprime crisis, alleging that the U.S. institutions misled and defrauded it.
Among Israel’s financial institutions, Hapoalim suffered the worst losses in the subprime crisis due to its investments in mortgage-backed securities.
Between 2005 and 2007, the bank, led by Shlomo Nehama and Zvi Ziv, snapped up mortgage-backed securities in an attempt to meet its goal of a 15% return on equity by 2007.
By the end of that year, the bank had invested $3.65 billion in such securities. But when the subprime crisis broke out in mid-2007, these securities collapsed as American homebuyers defaulted on their mortgages.
Only then did many investors realize that the securities were based on mortgages given to some of America’s weakest borrowers, who found themselves unable to pay the moment their homes stopped appreciating in value.
A member of the American Nazi Party has become a lobbyist in Washington’s Capitol Hill for the first time, ABC News reported on Friday.
The 55-year old party member, John Bowles, told ABC his status as a lobbyist was something the party wanted to “try out for the first time and see if it flies.”
|A screenshot of the American Nazi Party website, April 14, 2012.|
“I always tell my fellow Americans that they need to practice their constitutional rights or their rights will one day be eroded,” ABC quoted Bowles as saying.
“Lobbying is one way to do that, to try to get your point across to the elected officials in Congress.”
According to the report, the party member said he hopes to speak with lawmakers on a number of issues, including ballot access, unemployment, budgets and immigration.
|U.S. neo-Nazis at the annual Ku Klux Klan parade in Pulaski Tennessee, April 14, 2012.|
|Photo by: Natasha Mozgovaya|
“I’m not going to go in and shove a swastika in their face,” he told ABC. “I use a very careful and objective approach. There might be some congressmen who crumple up the paper and some who say ‘this is interesting,’” he said, adding that, if they don’t hold his politics against him, “I won’t hold anything against them.”
The official website for American Nazi Party lobbyists in U.S. congress said, “On April 11, 2012, a longtime American Nazi Party (ANP) activist initated a new tactical step and became a registered 24/7 lobbyist in Congress.”
|Books at the annual Ku Klux Klan parade bookfair in Pulaski Tennessee, April 14, 2012.|
|Photo by: Natasha Mozgovaya|
“This is the first time any American National Socialist has done this and propels the American Nazi Party into the lead as a now first-class minor political party in America, i.e., pressuring and influencing the elected officials of the House of Representatives and the Senate regarding the self-determination rights of White people in America,” the website said.
from haaretz, israel – more…