-- Posted Friday, 30 October 2009 | Digg This Article
| | Source: GoldSeek.com
By R. D. Bradshaw
It’s amazing to me how people with IQs supposedly above the single digit can look at and evaluate the present recession/depression and conclude that it was just a chance occurrence because of a bubble in the credit markets, a failure of government regulators to do their jobs, or some other fluke reason.
If a student of history will take the time to examine previously important depressions or recessions, depending on how they were defined, he can recognize certain characteristics which actually lay out the real cause(s) for the depression or recession. These cause(s) typically involve some deflationary pressures, directly or indirectly. It seems incredible that few people can grasp how things came together, essentially in 2007 (but probably starting in 2005 or 2006) and thereafter to bring on the current depression and/or deflationary fall in the US economy.
Conclusions from a Sep 15, 2009 Story from London
To set the stage for a discussion of the problem, let me refer to an article of Sep 15, 2009 in the London Telegraph by Ambose Evans-Pritchard on US Credit Shrinks at Great Depression Rate. It referred to the work of Professor Tim Congdon of the International Monetary Research that “US bank loans have fallen at an annual pace of almost 14pc in the three months to August (from $7,147bn to $6,886bn). ‘There has been nothing like this in the USA since the 1930s,’ he said. ‘The rapid destruction of money balances is madness.’ The M3 ‘broad’ money supply, watched as an early warning signal for the economy a year or so later, has been falling at a 5pc annual rate.”
The Telegraph also went on to quote David Rosenberg, chief strategist at Gluskin Sheff, who noted that “over the four weeks up to August 24, bank credit shrank at an ‘epic’ 9pc annual pace, the M2 money supply shrank at 12.2pc and M1 shrank at 6.5pc. ‘For the first time in the post-WW2 [Second World War] era, we have deflation in credit, wages and rents and, from our lens, this is a toxic brew,’ he said. It is unclear why the US Federal Reserve has allowed this to occur.”
The above article suggested that the key reason for the credit contraction is pressure on banks to raise their capital ratios. On this theme, IMF chief and Rothschild Cabal agent Dominique Strauss-Kahn reportedly suggests that the history of financial crises allows that “speedy recovery” depends on “cleansing banks' balance sheets of toxic assets.” In other words, banks are not lending because they are cleaning up their balance sheets of toxic assets. Thus, the subtle message here seems to be that the banks must stop lending in order to resume lending (isn’t this double talk?).
Evans-Pritchard reported that the current drive to deleverage banks is having the consequences of destroying money balances and strengthening deflationary forces. The article then suggested that the debt purge policy was followed in the great depression of the early 1930s and concluded that the pressure on banks to de-risk and to de-leverage is the modern version of liquidationism. He added that “US banks are cutting lending by around 1pc a month. A similar process is occurring in the eurozone, where private sector credit has been contracting and M3 has been flat for almost a year.”
While there are a number of revealing remarks from this article, one in particular caught my attention. Like Rosenberg/the article said: “It is unclear why the US Federal Reserve has allowed this to occur.” I purpose in this Goldsmiths to explain precisely why the Fed brought this crisis on, in conjunction with the deleveraging actions of the key Rothschild Cabal banks.
We have procrastinators, analysts and government officials all wringing their hands in confusion and despair about the current depression, what caused it, and how to solve it (which means the nation will back off and let the Rothschild Cabal handle it on its terms, as has historically happened in the West for years now). But we have almost no one willing to really tackle the basic issues on why depressions and recessions like this one have been regularly brought on in Europe and North America for the last 250 years (since the Cabal gained money power over the Western Christian civilization).
The Problem
Our government leaders constantly tell us that the banks are not lending money to the people (this is true; they are not, as Evans-Pritchard outlines above). Banks have acted to cut credit lines/levels, dry up loans and try to pressure people to pay off loans all the while that the banks and credit institutions have generally discontinued making loans to the public.
And, as the above story outlines, the reason for this maneuver is so that banks can clean up their balance sheets. And in order to further help them, the taxpayers have been called upon to dole out trillions of dollars in bail-out funds and huge Fed grants and loans. Thus, this reported reality in the credit markets forms the basis for the public support of the big banks—in that we have been told that they must be bailed out by the taxpayers if they are to ever resume loaning money to the people. In other words, the nation must rescue the big banks for the bad loans that they have made over the years.
Once the banks are restored to prosperity, the presumption is that they will start lending again. But, as I have noted in prior Goldsmiths (Parts 27, 46, 47, 64, 73, 82, etc), it is clear that the money coming in to the banks from deleveraging loans and from the Fed and Treasury is not being loaned out to the public. The banks are socking this money away in US Treasuries and in interest paying deposits with the Federal Reserve (thanks to the Fed policy of paying interest on money from banks).
It’s not difficult to see at once that the banks and their oversight and back up authority (the Federal Reserve Bank, which is supposed to be the agency to make money available to the economy as needed) have acted in concert in the past few years to actually dry up money and credit to the economy rather than make or increase money/credit to the economy. Thus, there is an on-going reaction in the credit markets of contraction in credit and not expansion of credit as some would argue is the needed approach.
Also, it’s not hard to see what the banks and credit institutions are doing with their money and their huge bailout funds and loans from the Fed and US Treasury. Man, don’t you get it? They are keeping as much money as possible in cash or in US Treasuries (they are holding cash, depositing it with the Fed at interest, or buying US bonds and notes to hold in their bank vaults). I have discussed this real world situation in the several previous Goldsmiths cited above; so this is not a new idea at all.
A Bankers’ Ponzi Scheme
I submit that this contraction in credit started certainly in 2007 and possibly as early as 2005 or 2006. I also submit that this whole operation was not just some chance occurrence or fluke in the credit markets. It was all preplanned, long in advance. There is no doubt that home real estate values and home mortgages had been propelled by inflation over many years to reach ridiculous levels because of the plans and actions of the US government, the Fed and the entire US banking and credit system to inflate the economy (in order to rip the public off and become unimaginably wealthy as former Fed Chairman Paul Volcker recently put it—see the Goldsmiths 102).
The nation had a Ponzi scheme going in these markets which had generated large sums of toxic receivables that could one day implode. Hence, there is no denying that the banks and financial institutions wanted taxpayers to bail them out of their large sums of bad debts. Too, they were on the path to hyperinflation which would ultimately set-in to cause the greatest hyperinflationary bust in a nation in world history (but this course of events is still underway since its likelihood has not ended; but has been merely delayed or deferred by the current depression and deflationary fall or push).
Yet, it is clearly manifest that the US real estate and credit markets did not reach any real hyperinflationary blow offs in 2005-2008. Instead, what we had happen is a very clearly planned, conceived, designed and implemented contraction in credit and push for deflation (starting in real estate and soon evolving to stocks, commodities and the whole economy). Now, if one wants to insist that this all happened because of chance or some fluke that person is in the market to buy a bridge in Brooklyn or he still believes in the tooth fairy (per old sayings showing how stupid and gullible most Americans are).
No, everything that has been happening in the contraction of credit/money supply and in the deflationary push has happened by design and planning. It has been laid on to happen precisely as it is happening. Rothschild Cabal agent/relative Bernanke is not an idiot as some believe. So to answer Rosenberg’s question about why the Fed allowed this to happen, I now offer the following remarks.
Again, unless believers are in the market to buy a NY bridge or still believe in the tooth fairy, it is not hard to put two and two together and figure out at once “WHO” is behind these maneuvers in the financial markets. I have previously cited the WHO here in earlier Goldsmiths as being the master money changers/bankers running things in America and indeed in the Western Christian civilization in North America and Europe. In this Goldsmiths, I will now prove once more that this charge can be proven conclusively from history.
Some History
There is a study on Understanding Money and War—XIV at www.analysis-news.com which lays out some history that very few people have ever heard in their entire lives. It’s just as if it is silent or unwritten history (although it has been in writing for many decades/centuries). This understanding refers to some ancient beliefs/writings which were purported to be a record of super-rich bankers mapping out a strategy on how they plan on making money and ruling the world. Many informed people document that these money-changers were the very persons involved in the Rothschild Cabal which has ruled Europe and North America for the last 250 years.
Perhaps one of the reasons why almost no one ever heard of these writings is because powerful forces have made them very controversial in the 20th century. Various national governments, media sources and educational institutions (as controlled by the Rothschild Cabal of plutocratic masters) have called them fakes, forgeries or frauds. The US Congress investigated them in 1919 after US Military Intelligence reportedly authenticated them to be genuine; but Rothschild agents/relatives Jacob Schiff and US Supreme Court Justice Louis Brandeis called them fakes. Schiff added that they were German propaganda.
Subscribers or public promoters of these writings have been arrested, persecuted, imprisoned and murdered for daring to discuss them. In some nations, it is a crime to publish them or discuss them in a favorable way. Consequently, in our time, they have become off-limits and taboo to the American people, as decreed by Rothschild Cabal agents/masters calling the shots. Yet, they are profoundly important to the questions of why the world faces periodic inflation/recessions/depressions/wars.
Regardless of who wrote them, when they were written or any other fact of their composition (since these issues are debatable, I will allow in this Goldsmiths that they could have been written by Mickey Mouse or Donald Duck), they are absolutely amazing because of their incredible accuracy in the portrayal of world history for these past 250 years.
Now, while these Mickey Mouse writings cover many things, there is in them a huge focus on money and banking. That’s why the argument has been advanced that they were compiled by a bunch of super-rich bankers (specifically the Rothschild Cabal), and not by any other class, race, ethnic or religious group of people per se. Students of the Illuminati claim that old Mayer Amschel Rothschild financed and used them to support his pet agency for world government—the Illuminati. But since the “who” on them is controversial, I will simply call them herein the Mickey Mouse writings. Therefore, I am not being anti-any person or group of people in broaching these ancient writings. At most, I am anti-Mickey Mouse.
An Incredible Revelation
Now, I bring up these Mickey Mouse writings because in writing number 20, paragraph 20, there is a most unusual statement to the effect that “we cause depressions” or economic crises by “no other means than the withdrawal of money (credit) from circulation” (in our fiat elastic money system, money and credit are virtually the same thing). So, is it possible that the people behind these Mickey Mouse writings followed that MO in creating the present depression that the world is in at this time? Did they purposely create this current depression/recession/contraction by simply withdrawing money or withholding credit?
Thus, is it possible that a group of very rich and powerful international bankers and their central bank lackeys (like at the Fed, the ECB, the Swiss National Bank, etc) could simply withdraw M3 money/credit from circulation by the public (by stopping lending and reducing the supply of credit/money to a growing population) and thereby create a depression and deflationary fall?
Well, I submit that this is precisely what has happened to bring on the current depression or economic crisis (and the prior ones as well in the West for the last 250 years). As for as the reason, I stated that above and in previous Goldsmiths as being the will of the Rothschild Cabal manipulators to make money, clean-up their balance sheets of bad loans, and to try to bring on a delay or deferment in the eventual hyperinflationary bust coming on America because of the very work of the Cabal to use inflation as a means to steal from and rip off people and nations (as I cover this in the Goldsmiths 102).
As for as the Mickey Mouse writings, which could theoretically be true or false from a forged document, their composition facts are totally irrelevant at this stage of the game. My only purpose in mentioning them is the fact that in section 20 they allege that their author or master mind could bring on a depression or economic crisis by simply withdrawing money/credit from circulation by the public. This statement alone proves that it was written by bankers who had the power to withhold money/credit from circulation and not just some average Joe on the street.
By the way, this same document asserts that the same super rich bankers involved also have the power to create inflation (in paragraphs 7 and 8 of section 6) and wars (in paragraph 24 of section 1, and thru out section 7). Not only do they create wars; but, by using their media powers, they particularly create wars against nations that try to oppose their secret plutocratic rule (per paragraphs 3-5 of section 7).
Yes, for the last 250 years, Americans have been easily motivated by the media to go to war. I know of no American war that was not fueled by the media (to include the US Revolutionary and Civil Wars as I explain in Understanding Money and War II at www.analysis-news.com). Often, the media continuously bombards Americans with alleged atrocity stories or other stories of alleged evil about a Rothschild Cabal enemy. These media stories hype up the people to support the call for war.
The role of media control is discussed at length throughout the Mickey Mouse document because it was clear to the document writer(s) that media control was essential to achieve the desired objectives. Thus, sections 12 and 13 both focus on the need to control the media to more easily educate, influence, motivate, guide and direct the stupid public which are likened in the document to dumb cattle.
Therefore, the masters behind the Mickey Mouse document make a point to control national media sources and use them to advance their agenda as they educate, inform and persuade the stupid, dumb public to go in a desired direction on a given issue. This control of the media allows super-rich bankers to put over to the gullible and dumb public periodic depressions and/or the need to go to war against various other nations which will not submit to their control.
Does any of this sound familiar in modern America?
Moreover, it must also be said that besides the incredible accuracy of these statements, the writings in question are also extremely accurate in portraying world history for the last 250 years (but remember, Rothschild agents/relatives like Louis Brandeis and Jacob Schiff declared them to be false). So, if they are a Mickey Mouse fraud, they are incredibly phenomenal to be so accurate. Interested persons are invited to go to www.analysis-news.com and read Understanding Money and War, part XIV.
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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, Dutch, Polish, 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, 30 October 2009 | Digg This Article | Source: GoldSeek.com
