(NaturalNews) In 1942, German intelligence officers rounded up skilled Jewish prisoners and launched Operation Bernhardt, a clever scheme designed to counterfeit hundreds of millions of dollars worth of British Pounds and destroy the British economy by flooding it with counterfeit money. Located in the Sachsenhausen concentration camp, Operation Bernhardt was, even by modern standards, a runaway success that resulted in the creation of forged bank notes worth 132 million British Pounds.
This “economic warfare” operation resulted in a devastating economic effect on the British economy. You can read the true history of this operation here: http://en.wikipedia.org/wiki/Operation_…
It is important to note that Operation Bernhardt was an act of war, specifically pursued for the purpose of destroying Britain’s economy by creating so much new money that the value of the money already in circulation would plummet. This was considered a strategic attack, just as effective as carpet-bombing tank factories or mowing down soldiers on the field with German-made MG42 machine guns.
What does all this have to do with the Federal Reserve?
Today, the Federal Reserve is engaged in an eerily similar operation, counterfeiting trillions of dollars in U.S. bank notes and flooding the U.S. money supply with money created from nothing. The result, of course, is the same as was intended by Operation Bernhardt in 1942: The economic destruction of the target nation. Only this time, the target is the United States of America. Read the rest of this entry »
Zeitgeist - Addendum , exploring the Federal Reserve System, IMF, World Bank, debt based finance and more, has just been released and made available at Google video, YouTube, and of course the official Zeigeist website. Considering recent economic events it is sure to be watched by millions of outraged citizens worldwide and feared by the elite few.
truthout.org
Wednesday 01 October 2008
by: Robert Schwartz, Labor Notes
An overlooked order by the Labor Board’s lead lawyer this summer dealt a serious blow to the rights of U.S. workers to protest government policies.
On May Day 2006, hundreds of thousands of immigrant workers walked off their jobs to protest restrictive immigration legislation. Some were fired, and brought complaints to the board. Ronald Meisburg, the National Labor Relations Board general counsel, responded by posting a directive on “political advocacy” this July that enables bosses to immediately fire employees who participate in work stoppages of a political nature.
The directive, as yet apparently unnoticed by both unions and labor lawyers, cannot be appealed. Read the rest of this entry »
By David Sirota, AlterNet.
Posted October 4, 2008.
We now face market forces uninhibited by democratic governance. The bailout is an aggressive attempt to trade democracy for autocracy.
The marriage of American capitalism and democracy has always been a Pamela Anderson and Tommy Lee affair — stormy and erratic since its hasty wedding. But during the debate over a Wall Street bailout this week, we watched that matrimonial knot unwind into a tangled tale of terror.
As a financial crisis became a political panic, capitalism murdered democracy (ironically, while pursuing a vaguely socialist bailout). Only, unlike a typical horror story, the dead body wasn’t hidden, it was dumped in the nation’s public square. Read the rest of this entry »
WASHINGTON, Oct. 3 (UPI) — The plight of an Ohio woman who shot herself as deputies tried evict her from her foreclosed home was part of congressional debate on the $700 billion bailout.
Addie Polk, 90, was being treated at Akron General Medical Center after shooting herself Wednesday as deputies were at her door with eviction papers, U.S. Rep. Dennis Kucinich, D-Ohio, said Friday during floor debate on the rescue plan for U.S. financial markets. Fannie Mae (NYSE:FNM) foreclosed Polk’s home after acquiring the mortgage in 2007.
Kucinich used Polk’s circumstances as he spoke against the rescue plan that eventually passed the U.S. House of Representatives 263-171.
“This bill does nothing for the Addie Polks of the world,” Kucinich said. “This bill fails to address the fact that millions of homeowners who are facing foreclosure.” Read the rest of this entry »
Warns that a panic atmosphere is intentionally being nurtured to get bill passed
Steve Watson
Infowars.net
October 3, 2008
A Democratic Congressman has warned that a panic atmosphere is being intentionally created in order to get the financial bailout billed passed, further stating that several members of Congress were told before Monday’s vote that martial law will be instigated in America if the legislation fails.
Congressman Brad Sherman of California’s 27th congressional district told the House in a speech yesterday evening that he personally knew of several Congressional representatives who have said they were threatened with the prospect of all out martial law should they vote in opposition to the $700 billion bailout. Read the rest of this entry »
Thu Oct 2, 2008 7:20am EDT By Jan Harvey - Analysis
LONDON (Reuters) - Sales of gold by European central banks are likely to be lower than expected over the next year as the global banking crisis boosts bullion’s appeal as a “safe” reserve asset.
And banks elsewhere in the world, most notably in Asia and the Middle East, may even become buyers of gold in an attempt to diversify their reserves away from the dollar, analysts say. Read the rest of this entry »
Why is the mainstream media –which keeps lecturing Americans that Treasury Secretary Henry Paulson’s Bailout Package Version 2.0 must be passed immediately– ignoring what might be the most earth-shattering provisions in Paulson’s package?
The media needs to start asking hard questions. Here is where they need to start. If you look at page 180 of the 451-page monster bailout bill that easily passed the Senate yesterday (PDF here), you will see that it includes at Section 116 language about the tax treatment of “industrial source carbon dioxide.” It also provides, at Section 117, for a “carbon audit of the tax code.”
What could a provision about the tax treatment of “industrial source carbon dioxide” and another provision about doing a “carbon audit” of the tax code possibly have to do with restoring confidence in Wall Street’s troubled credit markets?
Pepe Escobar
The Real News Network
October 2, 2008
The financial crisis may be the number one issue on US voters’ minds, but there seems to be no leadership at work in Washington, comments Pepe Escobar. The Wall Street bailout rejected by Congress and then approved by the Senate may not be the solution. It’s up to foreign analysts and economists to tell it like it really is. What is in fact being saved - capitalism or a banking oligopoly?
The Corbett Report has created a new video explaining why people should be angry about more than just the proposed $700 billion bailout of Wall Street. One reason, of course, is the $2.3 trillion missing from the Pentagon the day before 9/11, when the Pentagon’s Budget Analyst Office was destroyed. Watch the video below:
“I got a lot of Ph.D. types and smart people around me who come into the Oval Office and say, ‘Mr. President, here’s what’s on my mind.’ And I listen carefully to their advice. But having gathered the device (sic), I decide, you know, I say, ‘This is what we’re going to do.’ And it’s ‘Yes, sir, Mr. President.’ And then we get after it, implement policy.”
- President George W. Bush, October 3, 2007
Pity poor President Bush. He’s been pushed aside as The Decider. The Decider’s strut and press entourage, along with the coffers of the United States, were to be handed to Henry M. (Hank) Paulson, U.S. Treasury Secretary, who was to have sweeping authority to share newly augmented plunder with his cronies on Wall Street and set up a vast new bailout bureaucracy, all at taxpayer expense.
But, at last, the People’s House may be listening to the people. The House of Representatives voted yesterday to reject the bailout measure 228 to 205. Read the rest of this entry »
30/09/08 “ICH” - - Nations come and go, rise and fall as elites and the wealthy make victims of most citizens and plutocracies prevail. Current dogma is that we live in the greatest nation on Earth. Perhaps in terms of ideals there is some truth to that. But with another trillion dollars that we now must borrow at higher costs because of the meltdown of the financial sector, solidifying our position as the greatest debtor nation, Americans have little to be proud of. Our government and politicians as well as the corporate state have failed us. What do our young people and future generations have to look forward to? Read the rest of this entry »
“Raw capitalism is dead.” — Henry Paulson, U.S. Treasury secretary”Can’t we just all go out and say things are OK?” — President Bush, to congressional leaders during bailout negotiations
I’m not much of an Army Times reader, but after reading that a brigade was shipping from Iraq in October to serve as “an on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks” in the homeland right before the election, my antennae perked up. Same as they did when I read that an electoral college doomsday scenario exists in which Dick Cheney casts the deciding vote that gives McCain-Palin the White House. Read the rest of this entry »
There were a few moments between the casting of the final vote in Congress and the announcement that the $700bn (£380bn) bail-out had been rejected when the world of American politics appeared to be frozen.
Many members of Congress were worried about losing their seats
Votes in the House of Representatives are not official until the Speaker’s gavel is lowered and - for what felt like an eternity - the speaker’s gavel remained suspended above the desk.
News services waited for several minutes before calling the result - a rare enough occurrence in a world of instant information.
Rumours began to circulate that attempts were being made to change the minds of some of the members who had voted “no”.
Stunned
It would be an extraordinary step in a democracy to ask a member of a legislature to simply reverse a vote on an issue vital to the national interest without any extra revision or debate, and the rumours may not be true.
But it captures something of the mood of stunned apprehension in the House that they were believed even for a moment.
In that moment, the House appeared to be absorbing, very slowly, the sheer magnitude of what it had done.
(Reporting by David Lawder; Editing by Lincoln Feast)
Tue Sep 16, 2008 11:07pm EDT
(Reuters) - The U.S. Federal Reserve stepped in to rescue insurance giant American International Group from bankruptcy with an $85 billion loan on Tuesday, the latest in a series of bailouts and loans for the financial and housing sectors.
The action brings the total tab for government rescues and special loan facilities this year to more than $900 billion.
Following are details of actions and amounts.
* $200 billion for Fannie Mae and Freddie Mac. The Treasury will inject up to $100 billion into each institution by purchasing preferred stock to shore up their capital as needed. The deal puts the two housing finance firms under government control. Read the rest of this entry »
D. H. WilliamsDaily NewscasterSeptember 28, 2008Rep. Michael Burgess (R-TX) reports from the floor of the House that the Republicans have been cut out of the process and called unpatriotic for not blindly supporting the fraudulent bailout. He says the only debate has been about what talking points to use on the American people.The most ominous revelation is when he claims the Speaker has declared martial law.“I have been thrown out of more meetings in this capital in the last 24 hours than I ever thought possible, as a duly elected representative of 825,000 citizens of north Texas.” Said Congressman Burgess.Burgess asks the Speaker of the House to post the bailout bill on the internet for at least 24 hours instead of passing the largest piece of legislation in US financial history in the “dark of night.”The most frightening part of Rep. Burgess’ one-minute floor speech is when he says, “Mr. Speaker I understand we are under Martial Law as declared by the speaker last night.”EDITOR’S NOTE: Since this information first came out we have learned the following:“the term “martial law” when used in the context of debate within the House is a misnomer for “gag order” on debate, it is not “martial law” in the sense of military rule over the country.”We sincerely apologize if we frightened anyone unduly but this is NOT the big bad ML we’ve all been waiting for - as for the future, who knows.
ABC News Lehman Brothers Execs Tell Congress They Didn’t Keep Documents
By RHONDA SCHWARTZ
September 26, 2008
While the country waits anxiously for Congress and the White House to agree on a plan to prevent economic collapse, others on the hill are already searching for whom to blame.
House Oversight Committee Democrat Henry Waxman, who has already summoned the former chief of Lehman…
House Oversight Committee Democrat Henry Waxman, who has already summoned the former chief of Lehman Brothers to testify under oath before his committee next week, publicly blasted the former Wall Street titans Friday for not cooperating with requests for documents and emails.
(ABC News)
House Oversight Committee Democrat Henry Waxman, who has already summoned the former chief of Lehman.
House Oversight Committee Democrat Henry Waxman, who has already summoned the former chief of Lehman Brothers to testify under oath before his committee next week, publicly blasted the former Wall Street titans Friday for not cooperating with requests for documents and emails.
House Oversight Committee Democrat Henry Waxman has already summoned the former chief of Lehman Brothers, the failed investment bank whose collapse stunned the nation last week, to testify under oath before his committee next week.
And late today, Waxman publicly blasted the former Wall Street titans for not cooperating with requests for documents and emails, saying Lehman’s counsel has told the committee “although these documents did exist at one time, they were typically “discarded.”"
“It is difficult to understand how Lehman Brothers is unable to produce a single internal document that went to or from the CEO’s office over the past six months,” the letter stated. “It is also difficult to understand why there is no log, file, or other record documenting where these internal documents went.”
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