Seven Steps to Transform the Global Financial "Crisis"
by Alfred Lambremont Webre, JD, MEd
VANCOUVER, B.C. (Oct. 6, 2008) - In "As Europe falls into the Abyss," UK journalist Ambrose Evan-Pritchard writes:
"We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars." (See Appendix II for full article below).
Source of the Present Economic Crisis
To find the fundamental cause of this economic crisis - the original moving force of this economic Black Hole into which the Globalist Financial system is being drawn - we must travel back to 1914 and the establishment of the Federal Reserve Bank by the two principal Rothschild representatives in the United States, J.P. Morgan and Kuhn Loeb & Co.
You can click here or go to Appendix II to view a chart of who "owns" the Federal Reserve as recently as 1976.
By the evidence, the Federal Reserve Bank has functionally served as a front organization for the Rothschild (City of London) interests since its inception in 1914.
All U.S. currency since 1914 has been the private property of the Federal Reserve and hence of the Rothschild interests. You do not own any of the money in your U.S. bank account or the U.S. dollars in your wallet. Those U.S. Dollars are the private property of the Federal Reserve, which are being temporarily used by you under implied licensed from the Federal Reserve for the exchange of good and services. As you shall see the implications of this legal truth have been devastating for us all.
Following the 1944 Bretton Woods Agreements, the U.S. Dollar was made the international reserve currency. By owning all of the U.S. Dollars in the world, the Federal Reserve - the Rothschild interests - have controlled the U.S. Dollar throughput in all world investment, manufacture, trade, commerce, property and labour - in sum in the entire U.S. Dollar-based economy. Parties who have thought they "owned" these U.S. Dollars in fact have only had an implied license from the Federal Reserve to engage in exchange of goods and services with these U.S. Dollars.
Rather than act as a proper publicly owned and controlled Central Bank, creating money and credit as a public utility, the Federal Reserve Bank has functioned as a Financial False Flag operator.
A Financial False Flag
The current Globalist Financial Crisis is a Financial False Flag operation. It is a controlled collapse of the globalist economic system, engineered by an international war crimes racketeering organization. The globalist financial system is being intentionally destabilized with the same technologies that the government of Salvador Allende was destabilized in Chile by Henry Kissinger and Richard Nixon on behalf of David Rockefeller and the Rothschilds, resulting in Allende's assassination on September 11, 1973.
The Financial False Flag designed to accelerate the deterioration of First World economies, democracies, and prosperity, in aid of a larger program of global depopulation. The same powers who control the Federal Reserve Bank are intent on depopulating between 1/3 and 2/3 of the current human population, in service to a grotesque covert elite plan.
Solution to the "Crisis"
There is no crisis. The "crisis" is a False Flag economic destabilization, a False Flag attack. Therefore, eliminate the enemy that created the False Flag attack - the Federal Reserve Bank - as a first step.
STEP A. ABOLISH THE FEDERAL RESERVE BANK
Abolish the Federal Reserve Bank. Rep Ron Paul (Rep.- Texas) has proposed a Federal Reserve Board Abolition Act (See Appendix I below).
As soon as the profit is taken out of controlling U.S. Dollars as a reserve currency, the Rothschild interests will move out of this arena.
STEP B. CREATE A U.S. CENTRAL BANK AS A PUBLIC UTILITY
This is a policy advocated for Canada by the Hon. Paul Hellyer, former Deputy Prime Minister of Canada. Hellyer advocates the Bank of Canada as a public utility.
The U.S. Central Bank, a government agency, is to function as a public utility, issuing publicly owned monies that by law must be fully back by gold or silver.
All Federal Reserve Notes are declared null and void. Federal Reserve Notes may be exchanged for U.S. Treasury bank notes up to a maximum of $250,000.00 per person.
In the interim, while the Central Bank is being created, the U.S. Treasury will issue silver-backed Treasury Bank notes under the authority of the Executive Order signed by Pres. John F. Kennedy shortly before his assassination on November 22, 1963.
STEP C. END THE MONOPOLY OF BANKS ON THE CREATION OF MONEY
The solution to the banking crisis of the 1930s was to break the control of the banks on creating money as debt. As long as banks have a monopoly on the creation of money this problem will persist because banks will insist on creating money as debt to enslave us. Some publicly-controlled institution, other than the banks, has to be created to create money.
As we set out in Step B, this solution is through the Central Bank with money as a public utility. In Canada, this goal can be accomplished through the Bank of Canada as a public utility. The U.S. Treasury Department has the same inherent power (as John F. Kennedy demonstrated, which may have cost him his life), as an interim step to the creation of a U.S. Central Bank.
The simplest, most direct way to create alternative money to bank-created money debt is a Guaranteed Annual Income for every individual in society, paid out by public money from the Central Bank.
STEP D. U.S. GOVERNMENT DEFAULTS ON ALL OF ITS DEBT OBLIGATIONS BROUGHT ABOUT BY THE POLICIES OF THE FEDERAL RESERVE BANK
The U.S. public debt of $10.1 trillion is the direct result of False Flag operations of the Federal Reserve, designed to maximize profits of the Rothschild interests, enslave the U.S. and world populations in debt, and position the human population for an intentional depopulation program.
Therefore, there is a force majeure which morally and legally justifies the U.S. government in repudiating these debts, which in any event are in U.S. Dollars, property of the Federal Reserve.
STEP E. FORGIVENESS OF ALL PUBLIC DEBT, WORLD-WIDE
The forgiveness of all public debt, worldwide, with priority to developing nation’s debt.
STEP F. DE-CENTRALIZED COORDINATION OF A NEW ECONOMY
The transformation of the war economy into a sustainable, peaceful, cooperative, de-centralized, New Energy based economy, where barter and trade arrangements are encouraged, and money is highly decentralized in national central banks, fully backed by precious metals.
STEP G. A FINANCIAL WAR CRIMES TRIBUNAL
A competent international war crimes tribunal for war crimes, crimes against humanity, genocide resulting from financial crimes, with full jurisdiction, prosecutorial authority, staff and budget to pierce the corporate veil and pursue the international war crimes racketeering organization.
Federal Reserve Board Abolition Act (Introduced in U.S. House of Representatives)
By Rep. Ron Paul
HR 2755 IH
H. R. 2755
To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act , and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
June 15, 2007
Mr. PAUL introduced the following bill; which was referred to the Committee on Financial Services
To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act , and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Federal Reserve Board Abolition Act' .
SEC. 2. FEDERAL RESERVE BOARD ABOLISHED.
(a) In General- Effective at the end of the 1-year period beginning on the date of the enactment of this Act , the Board of Governors of the Federal Reserve System and each Federal reserve bank are hereby abolished.
(b) Repeal of Federal Reserve Act - Effective at the end of the 1-year period beginning on the date of the enactment of this Act , the Federal Reserve Act is hereby repealed.
(c) Disposition of Affairs-
(1) MANAGEMENT DURING DISSOLUTION PERIOD- During the 1-year period referred to in subsection (a), the Chairman of the Board of Governors of the Federal Reserve System--
(A) shall, for the sole purpose of winding up the affairs of the Board of Governors of the Federal Reserve System and the Federal reserve banks--
(i) manage the employees of the Board and each such bank and provide for the payment of compensation and benefits of any such employee which accrue before the position of such employee is abolished; and
(ii) manage the assets and liabilities of the Board and each such bank until such assets and liabilities are liquidated or assumed by the Secretary of the Treasury in accordance with this subsection; and
(B) may take such other action as may be necessary, subject to the approval of the Secretary of the Treasury, to wind up the affairs of the Board and the Federal reserve banks.
(2) LIQUIDATION OF ASSETS-
(A) IN GENERAL- The Director of the Office of Management and Budget shall liquidate all assets of the Board and the Federal reserve banks in an orderly manner so as to achieve as expeditious a liquidation as may be practical while maximizing the return to the Treasury.
(B) TRANSFER TO TREASURY- After satisfying all claims against the Board and any Federal reserve bank which are accepted by the Director of the Office of Management and Budget and redeeming the stock of such banks, the net proceeds of the liquidation under subparagraph (A) shall be transferred to the Secretary of the Treasury and deposited in the General Fund of the Treasury.
(3) ASSUMPTION OF LIABILITIES- All outstanding liabilities of the Board of Governors of the Federal Reserve System and the Federal reserve banks at the time such entities are abolished, including any liability for retirement and other benefits for former officers and employees of the Board or any such bank in accordance with employee retirement and benefit programs of the Board and any such bank, shall become the liability of the Secretary of the Treasury and shall be paid from amounts deposited in the general fund pursuant to paragraph (2) which are hereby appropriated for such purpose until all such liabilities are satisfied.
(d) Report- At the end of the 18-month period beginning on the date of the enactment of this Act , the Secretary of the Treasury and the Director of the Office of Management and Budget shall submit a joint report to the Congress containing a detailed description of the actions taken to implement this Act and any actions or issues relating to such implementation that remain uncompleted or unresolved as of the date of the report.
Title: To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.
Sponsor: Rep Paul, Ron [TX-14] (introduced 6/15/2007) Cosponsors (None)
Latest Major Action: 6/15/2007 Referred to House committee. Status: Referred to the House Committee on Financial Services.
CHART OF WHO OWNS THE FEDERAL RESERVE
Who Owns the Federal Reserve Bank?
Federal Reserve Directors: A Study of Corporate and Banking Influence
These charts reveals the linear connection between the Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New York. The two principal Rothschild representatives in New York, J. P. Morgan Co., and Kuhn,Loeb & Co. were the firms which set up the Jekyll Island Conference at which the Federal Reserve Act was drafted, who directed the subsequent successful campaign to have the plan enacted into law by Congress, and who purchased the controlling amounts of stock in the Federal Reserve Bank of New York in 1914. These firms had their principal officers appointed to the Federal Reserve Board of Governors and the Federal Advisory Council in 1914. In 1914 a few families (blood or business related) owning controlling stock in existing banks (such as in New York City) caused those banks to purchase controlling shares in the Federal Reserve regional banks. Examination of the charts and text in the House Banking Committee Staff Report of August, 1976 and the current stockholders list of the 12 regional Federal Reserve Banks show this same family control.
Click here to download charts.
Supplementary Reading for "Who Owns and Controls the Federal Reserve Bank?" - The subject of who actually owns and controls the Federal Reserve is an open issue for continuing investigative research. Here are some useful articles on the subject that supplement the classic 1976 Chart.
GLOBALRESEARCH.CA - Who Owns The Federal Reserve? The Fed is privately owned. Its shareholders are private banks - by Ellen Brown
NEWS FROM THE WEST (May 16, 2008) - Chart of who 'owns' the Federal Reserve - Updating the context of the 1976 Chart
Who Owns and Controls the Federal Reserve? - by Dr. Edward Flaherty, University of Charleston
Germany Takes Hot Seat As Europe Falls Into the Abyss -
By Ambrose Evans-Pritchard, Telegraph UK
Tuesday, 07 October 2008 00:38
We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars.
Telegraph UK, 6th October 2008,
Investors will learn today whether the Paulson bail-out - fattened to $850bn (£480bn) by Congress - can begin to halt the death spiral in the credit system. So far, the response looks terrible.
Germany is now in the hot seat. The collapse of a rescue deal for Hypo Real Estate on Saturday threatens a €400bn (£311bn) bankruptcy that nearly matches the Lehman Brothers debacle for sheer scale.
Chancellor Angela Merkel has been forced to pull her head out of the sand, guaranteeing all German savings, a day after she rebuked Ireland for doing much the same thing. Reality intrudes.
During the past week, we have tipped over the edge, into the middle of the abyss. Systemic collapse is in full train. The Netherlands has just rushed through a second, more sweeping nationalisation of Fortis. Ireland and Greece have had to rescue all their banks. Iceland is facing an Argentine denouement.
The US commercial paper market is closed. It shrank $95bn last week, and has lost $208bn in three weeks. The interbank lending market has seized up. There are almost no bids. It is a ghost market. Healthy companies cannot roll over debt. Some will have to sack staff today to stave off default.
As the unflappable Warren Buffett puts it, the credit freeze is “sucking blood” out of the economy. “In my adult lifetime, I don’t think I’ve ever seen people as fearful,” he said.
We are fast approaching the point of no return. The only way out of this calamitous descent is “shock and awe” on a global scale, and even that may not be enough.
Drastic rate cuts would be a good start. Central bankers still paralysed by a misplaced fear of inflation – whether in Europe, Britain, or the US – have become a public menace and should be held to severe account by our democracies. The imminent and massive danger is now self-feeding debt deflation.
The lesson of the 1930s is that any country trying to reflate in isolation will be punished. The crisis will ricochet from one economy to another until every one is crippled. We are seeing it play again in this drama as our leaders fail to rise above their narrow, parochial agendas.
The European Central Bank – which raised rates into the teeth of the crisis in July – has played a shockingly destructive role in this enveloping slump. Its growth predictions this year have been, and still are, delusional. Neglecting its global role, it has vastly complicated the fire-fighting efforts of Washington.
It could have offered “cover” to the US Federal Reserve this spring when Ben Bernanke was forced by events to slash rates to 2pc. It could at least have signalled an end to monetary tightening. That is how an ally ought to behave.
Instead, it stuck maniacally to its Gothic script, with equally unhappy consequences for both sides of the Atlantic, as well as for China, Japan, and India. The euro rocketed yet further, which it turn set off an oil shock as crude metamorphosed into an anti-dollar with leverage.
The ECB policy was self-defeating, even on its own terms. It merely drove headline inflation even higher, while deeper forces of underlying debt deflation pulled the real economies of Germany, Italy, France, and Spain into a recessionary vortex.
Far from offering reassurance, the weekend mini-summit of EU leaders served only to highlight that nobody is in charge of this runaway train. There is still no lender of last resort in euroland. The £12bn stimulus package is risible.
Angela Merkel has revealed her deep limitations. It was she who vetoed French efforts to launch a pan-EU rescue package, suspecting that any lifeboat fund would prove to be Trojan Horse – a way of co-opting German taxpayers into colossal transfers of wealth to Latin Europe.
In that she is right, but it is too late now for dysfunctional EU political games. By demanding that those who caused the damage should pay for it, she crossed the line into caricature, or worse.
Her comments echo word for word the “we’re alright Jack” attitudes of Euro-pols during the first US banking crises in 1930-1931, until the storm hit Europe and the entire cast was swept away by furious electorates, or simply shot. Thankfully, this EU stupidity is at last drawing serious criticism.
“We have to make sure Europe takes its responsibilities, like the US: action must be taken quickly and in a concerted manner,” said IMF chief Dominique Strauss-Kahn.
As for the US itself, it has not yet exhausted its policy arsenal. It can escalate further up the nuclear ladder. The Fed can cut interest rates from 2pc to zero. If that fails, it can let rip with the mass purchase of US debt.
“The US government has a technology, called a printing press,” said Fed chief Ben Bernanke in November 2002. (His helicopter speech).
In extremis, the Treasury/Fed can swoop into any market to shore up asset prices. They can buy Florida property. They can even buy SUV guzzlers from the car lots in Detroit, and mangle them in scrap yards. As Bernanke put it, the Fed can “expand the menu of assets that it buys.”
There is a devilish catch to this ploy, of course. It assumes that foreign creditors will tolerate such action.
Japan entered its Lost Decade as the world’s top creditor, with a vast pool of household savings to cushion the slump. America starts its purge with net external liabilities of $3 trillion, and a savings rate near zero. Foreigners own over half the US Treasury debt, and two thirds of all Fannie, Freddie, and other US agency bonds.
But the risk of a dollar collapse is one for the distant future. Right now the world faces the opposite problem. There is a wild scramble for dollars as a $10 trillion pyramid of global lending based on dollar balance sheets “delevers” with a vengeance.
This is a “short squeeze” on those who have used the dollar for a vast global carry trade. International banks are facing margin calls on their dollar leverage. It is why the Fed is having to provide $1.25 trillion in dollar liquidity for the entire global system, according to estimates by Brad Setser from the Center for Geoeconomic Studies.
The crisis engulfing Europe, Asia and emerging markets, makes life easier for Washington. The United States is becoming a safe-haven again.
The Fed can now hope to pursue monetary stimulus “a l’outrance” without being slapped down by the currency, debt, and commodity markets. Take comfort where you can.
Alfred Lambremont Webre, J.D., M.Ed. is an author, futurist, international lawyer, peace advocate, environmental activist, space activist, and radio talk show host who has worked for years to prevent the weaponization of space. Alfred is the International Director of the Institute for Cooperation in Space (ICIS) [http://www.peaceinspace.com], dedicated to transforming the permanent war economy into a peaceful, cooperative, sustainable, New Energy-based Space Age society, preventing the weaponization of space, and supporting cooperation amongst Life in the Universe. He is a co-architect of the Space Preservation Treaty to ban all space-based weapons and warfare in space, and establish an independent outer space peace-keeping agency to monitor outer space and enforce the ban. He lives in Vancouver, B.C. Canada, and can be reached at email@example.com.