-- Posted Friday, 5 June 2009 | | Source: GoldSeek.com
By R. D. Bradshaw
Though Eisenhower was a bought and paid for president, as has been true with all of them since 1912, he did have brains enough to state that the Federal Reserve Bank was an “independent” agency not under the control of the US president. This was a true statement because the Fed is not a part of the US government. It is actually owned by and subject to the control of the big banks and big bankers—a sinister Cabal led by the European House of Rothschild.
Yet, there is a powerful linkage between the two separate entities. It arises in the reality that both the US government and the Federal Reserve Bank are controlled and directed by the same source of power—the super rich plutocrats who essentially are dynastic wealthy banking families linked together in secrecy, conspiracy and intrigue to rule the world using money as their tool and method of power and control.
So while the Fed and the government are supposedly separate entities, they do and have come together since 1913 to achieve the common goals and objectives of their secret, behind-the-scenes rulers.
Once the Fed came into being, the Fed and US government, through its Treasury Department, have typically worked together to promote inflation and a growing economy. The reason is because inflation steals money, wealth and assets from most of the population to transfer them to a segment of the population which understands how the game is played and is able to comprehend the role of inflation to bring supposed prosperity to the nation. Thus, inflation becomes a way of life which almost all of the people accept and go along with despite its ultimate, ugly, destructive nature (after all, it destroys savings and prudent people who do try to save for their own retirement and future needs).
So while the super rich bankers (who are the secret owners and controllers of the US money system, consisting of the Fed and Treasury) have chosen to generally encourage the government to spend money (to keep the government and nation in perpetual debt to the bankers), they have periodically imposed recessions and depressions in America which actually cause some deflation or at least a roll back in the rate of inflation.
The reason for these maneuvers is because the banking Cabal players can make gobs of money with their foreknowledge of what is coming down the pike in the economy. They can position themselves to make much, much money on these swings. Of course, it is the oscillating, up and down swings in any item which allows previously informed persons to make huge gains with each up and down, yo-yo move. So the Cabal has conspiratorially directed, managed and supervised periodic problems in the US economy (in the form of deflation or decreasing inflation to bring on recession and/or depression) to continuously make more profits and gains from the American people (the suckers who keep the game going for the Cabal).
So, from 1929 to the 1930s, the Cabal imposed a huge depression on America which actually turned out to be extremely deflationary. While this thing evolved into a very dangerous crisis, which could have brought on a revolution and loss of Cabal power over America, there is no reason to believe at all that the Cabal wanted it to reach such a critical stage. My take is that they wanted a fall and a rollback but they didn’t want it to get as bad as it did in the 1930s. But there was a savior of sorts for the Cabal in the form of FDR who used his charisma, cunning, charm and ability to begin reinstalling some confidence in the public and causing WWII to start the inflation ball rolling again.
Ever since FDR’s rise to power in March 1933, the nation has embarked on an inflationary binge which began reaching the dangerous levels of pending hyperinflation in the early 21st century. I am thoroughly convinced that the ruling Cabal anticipated a coming day of trouble from its chosen path of inflation. But I doubt that the Cabal knew exactly when such a day would come. In any case, by about 2004-2006, the Cabal could see the handwriting on the wall and the need for something to limit, curtail, delay or defer the coming hyperinflationary collapse as much as possible.
The Obvious Reality of Conspiracy
While the US president has some power (much less than is commonly believed by the American people), the president is totally lacking in trying to tackle the built-in inflation system which was imposed on the nation in 1913 (with the exception of the deflationary 1930s which almost reached the point of no return for the system). Even by combining the powers of government with the “independent” Fed, there still are questions of the power of this combine to deal with a pending hyperinflationary blow off (as existed in the early 21st century).
In the matter of money, finance and the economy, it is true that the Fed has substantially more power than the government. Of course, the Fed could take action as it did in the late 1920s to bring on a serious depression which could cause enormous deflation. The Fed clearly has the power to completely dry up and close down the US monetary system. But this could rile up the people and bring on revolution and anarchy which would completely destroy the work of the Cabal to rule over the system and make continuous profits. So I don’t believe for a minute that the Fed would willingly take action to destroy the Cabal’s power over America. They want the status quo to continue.
Regardless, it is not hard to put two and two together in an after the fact look at the history of the last five years and see precisely what did happen to bring on the current state of affairs. And in looking at the events and actions of both the Fed and government, it is not hard to put two and two together and see the manifestation of a giant conspiracy involving a huge number of players beyond the usual collusion of the Fed and Treasury.
Recent history clearly reveals the areas that have been addressed so far to bring down the dangerous inflationary levels facing the US in 2006. It is clear that starting in 2007; the first issue the conspirators focused on was real estate. Issue two was the plunging value of the US dollar on global markets (by early 2008, it reached a low of around 71 on the index). And the third thing was how to bring on some controlled deflation in the US economy.
So how could the Fed and/or the Treasury individually or acting conspiratorially together bring on a fall in real estate values. If it was just those two agencies, it would be a hard task and take some years. Yet, the actual fall came quickly in 2007. So how did they do it?
Well, it should not take a genius to see at once that the most vulnerable part of the real estate market was the home mortgage field. After all, it was about the ballooned up problem in real estate values; plus home owners are the most susceptible to money pressures since the little people lack the financial resources to deal with money problems. It is manifestly clear that the Fed and the big US banks entered into conspiracy to dry up the mortgage and lending business.
Most Americans could only buy a home if they could get a loan and financial backing. Once the banks said no more loans, real estate values had to start down. There was no other way. Thus, the conspiracy began with drying up money to buy real estate. This meant that there were few buyers and increasing numbers of sellers.
Dealing with the Value of the Dollar
The conspiratorial Cabal next addressed the US dollar, starting in 2008, when the dollar reached a low 71 on the index. So how in the world is it possible to make a worthless fiat currency valuable? The people on the streets, around the world, were beginning to refuse to take dollars. As a minimum, most people preferred the euro or yen.
Well, we heard some few Fed announcements and many rumors about so-called currency swap agreements that the Fed entered into with various countries around the world. But the public was largely uninformed or grossly ignorant about what was going on with these agreements.
To our benefit, many of the details about the agreements and the extent of their usages actually surfaced in April 2009 when the NY Fed published its alleged financial statements as of December 31, 2007 and 2008. I purposely used the word alleged because the Fed is not subject to generally accepted accounting principles and procedures as is true across America. The Fed has its own unique interpretation of how it does its accounting. This fact is clearly brought out in the commentary accompanying the NY Fed’s financial statements. In other words, the Fed establishes its own accounting procedures irrespective of how things are otherwise done.
Along with the very revealing data in those Fed statements, William C. Dudley, president of the NY Fed Bank (the primary Fed bank involved in carrying out FOMC directives), spoke at Vanderbilt University’s Conference on Financial Markets and Financials Policy on April 19, 2009. Dudley’s comments, combined with the NY Fed’s statements, allow a student of history to put together a chronology of how the Fed-Treasury team did successfully deal with the dollar problem (at least temporarily, on a short term basis).
Dudley spoke about the work of the Fed to supposedly fix things in the US economy. He mentioned the Fed loan and financing projects and then added that the Fed “entered into FX swap agreements with major global central banks in order to channel dollar liquidity to banks overseas.” Well, we knew they were doing it but we still didn’t have the particulars.
In looking at the NY Fed’s balance sheet we find that on Dec 31, 2007, NY held $5,570 million in Central bank fund swaps (in foreign currencies). That figure went up to $138,622 million on Dec 31, 2008. The accompanying income statement reported interest income on these swaps of $7 million in 2007 and $903 million in 2008.
In addition, the Fed held investments in foreign currencies of $5,573 million in 2007 and $6,210 million in 2008. These investments appear to be regular Fed activity in the foreign currency markets and at the Bank for International Settlements. Perhaps they also include warehousing of US Treasury and Exchange Stabilization Funds whereby the Fed supplies Fed Reserve Notes to the Treasury for these foreign currencies. This warehousing arraignment has been in effect for years now and precedes the present so-called crisis.
In the notes to the statements, the NY Fed said that the FOMC authorized the bank to establish temporary central bank swap arrangements with the ECB and the Swiss National Bank on Dec 12, 2007. Subsequently (in 2008), the FOMC authorized more swaps with other central banks in Australia, Denmark, Japan, Korea, Norway, Sweden, and the UK. Currently, these agreements run thru Oct 30, 2009. Presumably, they can be extended at that time. At Dec 31, 2008, the NT Fed held $72,938 million in Euros; $30,721 in Korean money; and $8,281 in BP.
Per the swap arrangements, the Fed transfers US dollars to the foreign central banks in exchange for foreign currency at the prevailing market rates for a precise period of time. At the end of the swap, the Fed returns the foreign currencies and receives back dollars at the original transfer rates (meaning that the transfers involve no loss or gain per se). The foreign central banks pay interest on the amounts involved in the swap (in 2008, this interest was $903 million for NY). These swaps are allocated to each Fed bank. The total is about four times the NY holdings or about $553,728 million. The total interest income was less than $4 billion.
Unless I missed something in understanding value as I grew up and matured, can someone tell me what possible advantage or benefit these swaps are to the foreign nations involved? I can readily see that they benefit the US dollar and the Fed-Treasury operations of currency manipulations. But I fail to see any benefit whatsoever to the foreign nations and currencies, most of which are far stronger and more valuable than the US dollar (which was at 71 in early 2008 on the index).
Why in the world would the foreign central banks involved agree to such a stupid move all the while the dollar was plunging in value almost daily and their own currencies were going up proportionally. Admittedly the British money wasn’t anything to brag about, but the rest of them were far more respectable than the US dollar. Not only have the foreigners agreed to the swaps but they also agreed to pay the US Fed interest on the amounts involved. This sounds crazy to me.
Of course, it goes without saying that the swaps have benefited the Fed and Treasury in their manipulations of the currency markets. The swaps have helped to create an artificial demand for dollars which simply didn’t exist in the real world in 2008. This fact alone has been valuable to help raise the dollar on the index (actually from 71 to 89).
Crashing Commodities
The third phase of this recently imposed deflation-recession-depression has seen the powers that be initiate a collapse in commodity prices in 2008-2009. The manipulators pulled this off with several actions. First, the rise in the value of the dollar, discussed above, has been one of the leading factors bringing on a fall in commodities. Next, the Fed and government rulers always stand ready to intervene in the markets and sell in order to drive prices down. Once prices settle in the futures’ markets, they become the so-called valuation (though these prices have often turned out to be paper prices with little connection to the real world prices).
My article on Bush and the Farmers (at www.analysis-news.com) tells how idiots like Bush stand ready to obey orders from the masters and sell goods on the open market to drive prices down. For ages now, gold and you name it have been subjected to this skullduggery. In any case, the Cabal players can always sell short with funding from the Fed.
The Presence of Conspiracy
I have never doubted that the Fed alone or in conjunction with the government could manipulate the financial markets to a point and make them move up or down. But some comprehension of how complex the global markets are will act to limit how much the Fed and government can do to alter reality. This is particularly true in respect to raising the value of the dollar.
The only way the dollar was going up was with the full concurrence and involvement of certain foreign central banks. This actual response is categorically proof positive that there was a conspiracy between the Fed-Treasury and the foreign central banks which entered into the currency swap agreements. There is no other way to account for what happened in 2008. And if they were together on this thing, it proves conspiracy at a very high level.
Even on the collapse of the mortgage market, which drove home real estate prices down, it is easy to see extraordinary conspiracy of the big banks and lenders, along with the Fed and Treasury. Under the US Fed operations, the Fed stands ready to make money available as needed by the US banking system. The inflationary push in the real estate market has been the easy money policies of the Fed for 77 years now. This is one of the reasons why so much blame has been rightly heaped on Alan Greenspan who oversaw this process for years.
Yet, the big banks and lenders backed off and stopped lending in 2007. And why would they do this? Isn’t it obvious that the collapse of the home mortgage business involved a conspiracy of the Fed, Treasury and the big US banks. There is no other way.
But through it all, there is still one more player which for years now plays a leading role in all of the skullduggery and dishonesty going on in the financial markets. Here, I refer to the media. The media could always blow the whistle on any and all dishonesty and corruption going on the markets. Yet, the media does not follow this path. And why not? The reason is simple. The media is owned and controlled by the same people who own and control the big banks, the Fed and the Treasury. They are all players on the same team.
Once you see the presence of conspiracy, coordination and control, it is not hard to devolve to the question of who is running the whole show. There is no way to avoid the presence of Rothschild leadership in the directing Cabal. Since the Rothschilds are the world’s richest international bankers, it is clear that they must have a hand in whatever is going on in the lending business. I don’t propose to say that it is an exclusive Rothschild operation. But I can confidently say that the Rothschilds are the leaders of the Cabal involved.
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Back issues of the Goldsmiths, by the editor of the Analysis of News, can be accessed from a Google or Yahoo search engine by typing in “R. D. Bradshaw” Goldsmiths. Several hundred web sites can be found with the back issues and with translations to Spanish, Italian, German, Chinese and other foreign languages. Finally, the “Archives-Goldsmiths” of this website (www.analysis-news.com ) has all of the Goldsmith articles issued to date.
Besides the revelations contained in the Goldsmiths’ articles, the work of the plutocratic financial market manipulators to conspiratorially manipulate and control the financial markets (to make more profits and install a world government under their management) is also addressed at length in the periodic analysis of the news and in other articles produced at www.analysis-news.com. This website has an article of interest to any person interested in understanding the market Manipulators. It is the Hidden Secret of the Manipulators, why they succeed and how to follow their manipulations.
Readers of the above articles are invited to visit www.analysis-news.com and become a subscriber to regularly read some of the material from the world of information which will further reveal how extensive the manipulation, control and dishonesty realities are in the financial, currency and commodity markets, not only in the US but indeed around the world. To go to the home page of this website, please click at the link here: www.analysis-news.com.
-- Posted Friday, 5 June 2009 | Digg This Article
| Source: GoldSeek.com
