Regardless of the events in the next few days, please remain calm, but alert.
Archons and their minions will try to provoke you. It is natural and human to feel anger, fear, doubt or impatience. But do not act on it. Just calmly observe your emotions, take a few breaths, maybe play your favourite song and then decide how to act.
Focus instead on beauty, nature, meditation. Find calmness within. And when you need to act, act from that calmness.
These customer funds were used to “back up personal investments” which were part of “collateral for a loan from Bank of New York Mellon” (BNYM). This loan derived from stolen customer monies was “used to purchase millions of dollars worth of high-risk, illiquid securities, including collateralized debt obligations, or CDOs, for a trading portfolio that benefited Sentinel’s officers, including Mosley, Bloom and certain Bloom family members.”
Fast forward to August 9th of 2012, and the 7th Circuit Court of Appeals (CCA) rules that BNYM can be moved to first in line of creditors over the customers that had their funds stolen by SMG.
When a banking customer deposits their money into their bank account, the Federal Deposit Insurance Corporation (FDIC) and Securities Investor Protection Corporation (SPIC) are in place to protect the customer from fraud or theft. The ruling from the CCA means that these regulatory systems will not insure customer funds, investments, depositors and retirees who hold accounts in banks. In fact, the banking institution is now legally allowed to use those customer funds deposited as collateral, payment on debts for loans made, or free use on the stock market to purchase investments as the bank sees fit.
Fred Grede, SMG trustee, explained that brokers are no longer required to keep customer money separate from their own. “It does not bode well for the protection of customer funds.”
Since the ruling gives banks the right to co-mingle customer funds with their own, no crime can be committed for the use of customer deposited monies.
According to Walker Todd , former lawyer for the Federal Reserve Bank of New York and Cleveland: “Basically, there is a new 7th Circuit opinion saying that there is no reason to impose a constructive trust on a lender’s takings of customers’ funds from client commodity firms that were used (inappropriately) to secure the firms’ borrowings, as long as the lender can say that it did not know WITH CERTAINTY that customers’ funds were being repledged. Negligence and misappropriation (vs. knowing criminal intent) are now a sufficient excuse for letting the lender keep the money and go to the head of the line for distributions in bankruptcies of the client commodity firms.”
When a customer deposits money into a bank, the bank essentially issues a promise to have those funds available when the customer returns to withdraw the deposited amount. When the same customer withdraws funds from their account (whether checking or savings) the customer assumes that the bank has enough funds to cover their withdrawal; including the presumption that their monies are separate from the bank’s assets.
Now, those funds are up for grabs by the bank at their discretion without explanation to the customer – nor is the bank obligated to recoup the customer should they “lose” those funds due to bad loans, bankruptcy or stock market loss.
In Texas, Pamela Cobb, manager of Bank of America (BoA), stole an estimated $2 million from customer funds for personal use. Cobb had been taking customer segregated funds since 2002.
Customers have complained of fraudulent charges placed on their accounts that BoA cannot explain. When the customer brings these charges to the in-house fraud department, they are given the run-around until they acquiesce.
Other customers have had their private possessions stolen right out of their safety deposit box held at BoA. The safety deposit box was drilled into and the contents shipped to the BoA corporate holding center in South Carolina.
In 1992 to 2003, Citibank called their theft of customer funds “account sweeping” wherein they stole more than $14 million from customers nationally. Using computerized credit card processes to remove positive and negative balances from customers, the scheme included double payments or funds paid out on returned purchases that were then attributed back to the customer.
At Chase bank, an anonymous employee opened an account under a customer name (targeting an Alzheimer’s sufferer), complete with a personal debit card. An estimated $300 per day was withdrawn on the fraudulent account. When family representing the victim alerted Chase, they brushed them off with an internal investigation claim – even as the family sought legal action.
Banking fraud against the elderly has risen of late, since banks realize they can steal massive amounts of cash from their aging customers with little to no repercussions.
The recent ruling on SMG has given the banking industry the legal backing they have been lacking when stealing from their customers.
Our financial institutions have been planning for a financial collapse wherein the US government will not offer assistance. The resolution plans required by the Federal Reserve Bank, described schemes to have the major domestic banks remain afloat by selling off assets, finding alternative sources of funding, reducing risky measures that make a quick buck. These strategies were to be perfected with “no assumption of extraordinary support from the public sector.”
The mega-banks, through Wall Street, are also acquiring firearms, ammunition and control over private mercenary corporations like DynCorp and ‘Blackwater” as authorized by the Department of Defense (DoD) directive 3025.18 .
DynCorp is a military-based private mercenary contractor that provides (among other services) intelligence training and support, international security, contingency plans and operations. Ninety-six percent of their funding is based on annual revenues from the US federal government. The international branch of DynCorp has operated as a “police force” even assisting local law enforcement during Hurricane Katrina.
Named as investors for the amassing of gun and ammunition manufacturers are Citibank, BoA, Barclays and Deutsche Bank who are pouring money into Cerebus and Veritas Equity who have taken over private corporations involved in the controlling riot situations.
The Federal Reserve Bank, one of the heads of banking cartels, has their own police force which operates as a protective security for the Fed against the American public. As part of the Federal Reserve Act signed in 1913, the designation of a Federal Law Enforcement – special police officers that are exclusively regulated by authority of the Fed (whether in uniform or plain clothes. These specialized police officers (who train with Special Response Teams) can work in tandem with local law enforcement or US federal agencies. These officers are heavily armed with semi-automatic pistols, sub machine guns and assault rifles as well as body armor.
Of recent, when withdrawing cash from an ATM, the daily allotted amount has decreased with some banks, thereby forcing the customer to go into the branch and extract the difference with a teller. At this point, according to anonymous informants, the customer is taken into a backroom to be questioned as to why they want the cash, what they are purchasing with the cash, why they are not choosing to use a debit card or another form of digital trade to make the purchase. These questions are not only intrusive, they are illegal.
Some anonymous sources have said that banking representatives who conduct the integrations are directed to keep a record of customer responses on an online application that will be sent to the FBI in conjunction with Patriot Act mandates on tracking banking activity.
Customer funds are no longer secure, no longer backed by the FDIC or other insurance corporations, and banks are legally allowed to co-mingled customer money with other funds of the bank. The only safe place for your money is with you.
Now is the time to close your bank account.
OCCUPY CORPORATISM
In the same fashion that the European Central Bank is now able to buy unlimited amounts of debt from bankrupt countries like Spain, the Fed has given itself the prerogative to buy unlimited amounts of mortgage loans in an attempt to artificially lower interest rates and ‘stabilize’ the crashing home loan market. The $64 million question is how much will this unlimited easing help to rescue the mortgage market? Not much according to Ben Bernanke himself, who has said the move is not a panacea.
As some US media reported, the Fed once again pulled the trigger, but only to shoot the country on the other foot; an action that will certainly result in more difficult times for Americans. The U.S. Federal Reserve announced the ‘liquidity boost’ to help the economy and that such injection of fiat money will continue, which according to Ben Bernanke, shows the Fed’s commitment to help with the recovery. Double speak? Mind games?
At the end of their two-day meeting, the Fed said in a statement that it intended to “launch a program to buy mortgage-backed securities valued at $40 billion a month” and that the program would not have a limit in the amount spent or a deadline to conclude.
The organization led by Ben Bernanke said that if you add the “Operation Twist”, a program to swap short term bonds for long term ones, to the new scheme to buy mortgage backed securities, the Fed will be buying about $85 billion a month. Also, the U.S. central bank said it will keep interest rates at exceptionally low levels between 0% and 0.25%, until “at least mid-2015″, instead of the end of 2014 as announced in January of this year.
The Fed said that “highly accommodative monetary policy will remain appropriate for a considerable time until the economy strengthens.”
The chairman of the U.S. Federal Reserve (Fed), has defended the new measures adopted Thursday by the institution, while economists question the validity of a program that not even Bernanke sees as a real solution to the real problem. The chairman of the Fed insisted in his speech that his actions are not the “panacea” and “do not cure all ills” now affecting the economy.
In the press conference following the meeting of the Federal Open Market Committee (FOMC) of the Fed, Bernanke said that monetary policy alone — especially the wrong kind — will not solve all problems by itself, so politicians have to do their part. He also, emphasized that the Fed can not be rushed when leaving a highly accommodative monetary policy and pledged to hold such policy until the recovery is sustainable and allows for job creation.
However, he added that no set of policies can be extended until the objectives of his mandate are achieved. Those supposed goals include a significant improvement in employment, manufacturing and consumer spending. There is no need to say that under the current policies and the new ones the Fed has adopted, none of the goals will be ever accomplished. In fact, it is quite the opposite. The continuous unrestricted pumping of fake money into the economy will only prolong the disease.
Bernanke acknowledged that the situation in the labor market is still assessed as concerning, and stressed that the current level of economic recovery is not good enough to have the unemployment rate fall.
The Daily Sheeple
The most recent example is GMO wheat from CSIRO, which just happens not to be one of the large chemical conglomerates that operate worldwide today. CSIRO is the Commonwealth Scientific and Industrial Research Organisation, which Australia’s National Science Agency.
According to a recent report from the Safe Food Foundation, CSIRO’s GMO wheat has the potential — if consumed — to change the way humans absorb carbohydrates. The foundation held a press conference on September 11 to request that CSIRO makes available all of its studies regarding how the genes contained in the wheat affect . “We were alerted about a safety issue by a researcher who identified DNA/RNA sequence matches in the GM wheat, and in human beings,” said Scott Kinnear, the director of the Safe Food Foundation.
Mr. Kinnear, who is also a professor at University of Canterbury, was joined by researchers Jack Heinemann Judy Carman to discuss the potential threats of CSIRO’s GMO wheat. “This safety issue was extensively studied by our two experts. What we are asking CSIRO to do, is to release all their safety studies on GM wheat, if they’ve done any at all,” added Kinnear.
He said CSIRO also needed to release the sequences of its science and technology, which according to him would enable the foundation’s experts to do a complete bio-informatic sequence matching. He emphasized that so far, the experts had found a significant amount of sequence matches between the GMO wheat and that of a human being, which made it even more urgent to keep on investigating to discover if the GMO wheat could negatively affect human health.
As explained by Professor Jack Heinemann, who is a molecular biologist at the University of Cantenbury, the way in which the wheat has been modified has never been validated. “The technology is too new,” Heinemmann said and that is why the foundation is requesting the information and materials from CSIRO to conduct extensive studies on whether the wheat is safe for human consumption. “What we found is that the molecules created in this wheat intended to silence wheat genes can match human genes.”
He went further to explain that through ingestion, the GMO molecules can enter human beings and potentially silence human genes the same way they do with those of the wheat. Researchers found 770 pages of potential matches between the two GMO genes in the wheat and the human genome.
“We found over a dozen matches that are extensive and identical,” he added. Heinemann said that his findings are conclusive in demonstrating that the matches do exist, but that the limits they’ve had given the lack of data does not prove that the GMO wheat may cause adverse effects on humans. For that he said, experts like himself need to conduct more research to confirm or discard their theory. “From this information, we know it is plausible that there would be an adverse effect, and that is why we are calling for a battery of experiments to be done before humans eat this wheat.”
“This gene is designed to silence a particular gene in wheat to change the carbohydrate content,” said Judy Carman, a biochemist and Director of the IHERS at Flinders University. She warned that if the GMO gene were to act the same way in humans, it would effectively silence human genes, the ones found to match those of the wheat. “That could have serious complications.”
“It will mean that there will be significant changes in the way we store our carbohydrates and glucose in the body.” She said that the human body needs to make a substance known as glycogen, which is essential in order to perform tasks such as waking up, moving, or having a burst of energy to complete everyday tasks. “Children who are born with this kind of genes silenced, tend to die by the age of five, while adults tend to get more sick and more tired,” added Carman. She also insisted that animal studies are necessary even before human studies are conducted.
See the complete press conference below:
The Daily Sheeple
As noted by many of our readers, one of the key topics omitted from our article on the inevitability of economic collapse, was the petrodollar system. Due to it’s significance, we felt that this subject deserves it’s own article. If you have never heard of the petrodollar, don’t be surprised. There’s a good reason for this. No major news network will dare touch this subject, because if this information was ever to become public knowledge, politicians would find it next to impossible to convince American people to support any more wars. Public approval of wars is only possible as long as people remain ignorant of the primary driving force behind our foreign policy. The reason you haven’t heard of the petrodollar system is because our government wants you to think that we start wars to spread democracy.However, if you want to distinguish truth from propaganda, if you want to know the real reasons behind the global conflicts in our recent history, you must first learn about the petrodollar system. Without this crucial piece of info, you will have a hard time understanding what really happened in Libya, what’s happening in Syria right now and what’s going to happen in Iran next.
Why did NATO and the U.S. aid Libyan “rebels” in killing Gaddafi? Why was our government willing to support and arm the same terrorists that would later turn on our embassy and murder Libya ambassador Chris Stevens? Why was killing Gaddafi so absolutely imperative?
Why are we now doing the same thing in Syria? Why are U.S. operatives currently on the ground in Syria aiding Al Qaeda to topple Assad? Why are we willing to work along side known terrorists just to destabilize Syria and overthrow the regime there?
Why are we willing to risk World War 3 by attacking Iran, a key Russian and Chinese ally? Pakistan and North Korea already possess a nuclear stockpile, but Iran is years away from developing a nuclear weapon. Iran has no military capability to target the U.S. and it has not attacked another country since 1798. Yet, the media is trying to convince us that we are weeks away from Ahmedinajad unleashing his non-existent weapons of mass destruction. Sound a little familiar? Have we heard this before, maybe?
So what is the petrodollar system and why is it so important? Why is the United States willing to risk a new world war just to maintain the hegemony of the petrodollar? To get a proper perspective we need to start with a quick historical background:
Bretton Woods Conference
In July of 1944, as World War II was still raging, 730 delegates from all 44 Allied nations gathered in Bretton Woods, New Hampshire, to setup institutions and procedures to regulate the international monetary system and to establish the rules for commercial and financial relations among the world’s major industrial states.
The Bretton Woods Agreement established the dollar as world’s reserve currency, which meant that international commodities were priced in dollars. The agreement which gave the United States a distinct financial advantage, was made under the condition that those dollars would remain redeemable for gold at a consistent rate of $35 per ounce. The fixed dollar to gold convertibility rate established a stable platform for global economic growth.
As the issuer of the world’s reserve currency, the United States promised to print dollars in direct proportion to its gold reserves. However, this agreement was based on an honor system, since the Federal Reserve refused to allow any audits or supervision of it’s printing presses.
The U.S. defaults on it’s obligation and violates Bretton Woods Agreement
In the years leading up to 1970, expenditures in the Vietnam war made it clear to many countries that U.S. was printing far more money than it had gold. In response to this and the negative U.S. trade balance, nations began demanding fulfillment of America’s “promise to pay” – that is, the redemption of their dollars for gold. This of course set off a rapid decline in the value of the dollar. The situation climaxed in 1971 when France attempted to withdraw it’s gold and Nixon refused.
On August 15, President Nixon made a televised announcement
referred to as the Nixon shock, stating the following:
“I have directed the Secretary of the Treasury to take the action necessary to defend the dollar against the speculators.
I have directed Secretary Connolly to suspend temporarily the convertibility of the dollar into gold or other reserve assets,
except in amounts and conditions determined to be in the interest of monetary stability and in the best interest of United States.”
This was obviously not a temporary suspension as Nixon claimed, but rather a permanent default. And for the rest of the world who would entrust the United States with their gold, it was outright theft.
The birth of the petrodollar leads to global domination
In 1973, President Nixon asked King Faisal of Saudi Arabia to accept only U.S. dollars as payment for oil and to invest any excess profits into U.S. treasury bonds, notes and bills. In return Nixon offered military protection for Saudi oil fields. The same offer was extended to each of the world’s key oil producing countries and by 1975 every member of OPEC had agreed to only sell their oil in U.S. dollars.
The act of moving the dollar of off gold and tying it to foreign oil, instantly forced every oil importing country in the world to start maintaining a constant supply of the Federal Reserve paper. And in order to get that paper, they would have to send real, physical goods to America.
This was the birth of the Petrodollar. Paper went out, everything America needed came in and the United States got very, very rich as a result. It was the largest financial con in recorded history.
The arms race of the Cold War was a game of poker. Military expenditures were the chips and the U.S. had an endless supply of chips. With the Petrodollar under it’s belt, it was able to raise the stakes higher and higher, outspending every other county on the planet. Until eventually U.S. military expenditure surpassed that of all other nations in the world combined. Soviet Union never had a chance.
The collapse of the Communist block in 1991 removed the last counterbalance to America’s military might. United States was now an undisputed super power with no rival.
Many hoped that this would mark the beginning of a new era of peace and stability. Unfortunately, there were those in high places who had other ideas.
Petrodollar system must be maintained at any cost
Within that same year, the U.S. invaded Iraq in the first Gulf War. And after crushing the Iraqi military and destroying their infrastructure, including water purification plants and hospitals, crippling sanctions were imposed which prevented that infrastructure from being rebuilt.
These sanctions, which were initiated by Bush Sr. and sustained throughout the entire Clinton administration, lasted for over a decade and were estimated to have killed over 500,000 children. The Clinton administration was fully aware of these figures.
Excerpt from a May 5, 1996 interview:
Lesley Stahl from 60 Minutes show, asks Secretary of State Madeleine Albright about the U.S. sanctions against Iraq:
“We have heard that a half million children have died.
I mean, that’s more children than died in Hiroshima.
And, you know, is the price worth it?“
Secretary of State Madeleine Albright replies:
“I think this is a very hard choice,
but the price–we think the price is worth it.”
Miss Albright, what exactly was it that was worth killing 500,000 kids for?
In November in 2000, Iraq began selling it’s oil exclusively in euros. This was a direct attack on the dollar and on U.S. financial dominance and it wasn’t going to be tolerated. In response, the U.S. government with the assistance of the mainstream media began to build up a massive propaganda campaign, claiming that Iraq had weapons of mass destruction and was planning to use them.
In 2003, the U.S. invaded and once they had control of the country, oil sales were immediately switched back to dollars. This is particularly notable due to the fact that switching back to the dollar meant a 15-20% loss in revenue due to euros higher value. It doesn’t make any sense at all, unless you take the Petrodollar into account.
Excerpt from a March 2, 2007 DemocracyNow interview:
So I came back to see him a few weeks later and by that time we were bombing in Afghanistan. I said “Are we still going to war with Iraq?” and he said, “Oh, it’s worse than that”, he reached over on his desk, picked a piece of paper and he said:
“I just got this down from upstairs today (meaning secretary of defense office) today. This is a memo that describes how we’re going take out 7 countries in 5 years, starting with Iraq and then Syria, Lebanon, Libya, Somalia, Sudan and finishing of Iran.”
– Wesley Clark, Retired 4-Star General and Supreme Allied Commander Europe of NATO from 1997 to 2000
Let’s take a look at the events in the past decade and see if you see a pattern.
In Libya, Gaddafi was in the process of organizing a block of African countries to create a gold-based currency called the “dinar” which they intended to use to replace the dollar in that region. U.S. and NATO forces helped destabilize and topple the Libyan government in 2011. And after taking control of the region, U.S. armed rebels executed Gaddafi in cold blood and immediately setup the Libyan Central Bank.
Iran has been actively campaigning to pull oil sales off the dollar for some time now and it has recently secured agreements to begin trading it’s oil in exchange for gold. In response, the U.S. government with mainstream media assistance has been attempting to build international support for military strikes on the pretext of preventing Iran from building a nuclear weapon. In the meantime they established sanctions which U.S. officials openly admit are aimed at causing a collapse of Iranian economy.
Syria is Iran’s closest ally and they’re bound by mutual defense agreements. This country is currently in process of being destabilized with covert assistance from NATO. And though Russia and China have warned the United States not to get involved, the White House has made statements within the past month indicating that they’re considering military intervention. It should be clear that military intervention in Syria and Iran isn’t being considered, it’s a forgone conclusion, just as it was in Iraq and Libya.
World War 3: a calculated risk to preserve the petrodollar
The U.S. is actively working to create the context which gives them diplomatic cover to do what they already have planned. The motive for these invasions and covert actions becomes clear when we look at them in full context and connect the dots.
Those who control the United States understand that even if a few countries begin to sell their oil in another currency it will set off a chain reaction and the dollar will collapse. They understand that there’s absolutely nothing else holding up the value of the dollar at this point, and so does the rest of the world.
But rather than accepting the fact that the dollar is nearing the end of it’s lifespan, the powers that be have made a calculated gambit. They have decided to use the brute force of the U.S. military to crush each and every resistant state in the Middle East and Africa.
That in itself would be bad enough, but what you need to understand is that this is not going to end with Iran. China and Russia have stated publicly and on no uncertain terms that they will not tolerate an attack on Iran or Syria. Iran is one of their key allies, one of the last in independent oil producers in the region. And they understand that if Iran falls, then they will have no way to escape the dollar without going to war. And yet, the United States is pushing forward in spite of the warnings.
What we’re witnessing here is a trajectory that leads straight to the unthinkable. It’s a trajectory that was mapped out years ago, in full awareness of the human consequences.
Who Is Pulling The Strings?
But who was it that put on this course? What kind of psychopath is willing to intentionally set off a global conflict that would lead to millions of deaths, just to protect the value of a paper currency.
It obviously isn’t the president. The decision to invade Libya, Syria and Iran was made long before Obama had risen to the national spotlight and yet he’s carrying out his duty just like the puppets that preceded him. So who is it that pulls the strings?
Often the best answer to questions like this are found by asking another question. “Cui bono”. Who benefits?
Obviously those who have the power to print the dollar out of thin air, have the most to lose if the dollar was to fall. Since 1913, that power has been held by the Federal Reserve.
The Federal Reserve is a private entity, owned by a conglomerate of the most powerful banks in the world. And the men who control those banks are the ones who pull the strings. To them, this is just a game. Your life and the lives of those you love are just pawns on their chess board. And like a spoiled four year old who tips the board on to the floor when he starts to lose, the powers that be are willing to start World War Three to keep control of the global financial system.
Remember that when these wars extend and accelerate. Remember that when your son or your neighbors son comes back home in flag draped coffin. Remember that when the point the finger at the new boogeyman. Because the mad men who are running this show will take this as far as you will allow them to.
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The Daily Sheeple
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