Global Economic Criminals
by Dick Eastman
We can defeat enslavement by global financial crime if we all can agree on what their crimes have been and what those crimes have cost us, and if we can disconnect from their programmed deceit and move as one mass, in every city and village, in united opposition to the debt slavery, wage-slavery, monopoly-slavery, dumb-down slavery, rigged-election slavery, and monetary slavery systems that are our chains.
I think I understand the entire Kleptastrophe crime and can explain it to you clearly enough that everyone will have sufficient reason to come together for whole-population resistance and liberation. Sorry, but I don't have time to polish the presentation; consider it a battlefield dispatch. This nation is being overrun by financial vandals, disguised as regulators and bankers, who are as destructive as any invaders in history. We are finished, unless millions are made to see what is happening and what is at stake.
There were no “bad loans.” Those loans were reasonable given the interest rate and the law of averages. Given the economic climate in which they were made. the risk was reasonable and was "taken into account" by the interest rates offered. The market failure came about for other reasons.
People failed to make their mortgage payments all at the same time because purchasing power had been drained from the domestic economy by the Federal Reserve Bank in its "inflation fighting policy." Even now the Fed has the power to reverse what is happening by merely decreasing the reserve requirement that it sets for commercial lending institutions. And even now the Fed is holding back on supplying the public with mortgage payment medium, on the grounds that "technically, as economists have agreed to reckon it, the U.S. is not in a recession, a recession being defined as consecutive months of declining gross domestic product.1 So, instead of providing mortgage payment, food payment, and fuel payment media to the people by simply decreasing the reserve requirement to give more loanable deposits to banks "for nothing," as the Fed was chartered to do, the Fed has taken a much different course. It has kept the money supply tight to benefit lenders and IOU holders, at the expense of everyone else.
The Fed has kept the reserve requirement constant throughout the Kleptastrophe. Adjusting the reserve requirement was the lever for expanding the money supply that the Federal Reserve banks were supposed to use when there was a shortage of purchasing power in any of the 12 Fed Reserve districts. The tool was to put money in the hands of small businesses and new businesses, and homebuilders and farms, etc. whenever purchasing power got too tight and there were too many foreclosures. That is not what the Wall Street financiers wanted 100 years ago when they decided to foist a central bank on the U.S., but it is what they wanted Congress and the American people to think it would be.
Rather than create new loanable funds by simply reducing the reserves a bank was required to keep against its loans outstanding, the financiers made a different arrangement for expanding and contracting the money supply. All expansion and contraction would be conducted by big investment banks, either by buying securities from the Fed, which shrunk money that investment bankers had to invest in big corporations or loan to cities, states, and the federal government, or by selling securities to the Fed, which gave the investment bankers more money to invest in corporations in investments at in the U.S. or elsewhere. This is what Timothy F. Geithner has been doing at the Federal Reserve Bank of New York: telling the Fed Board of Governors, including Chairman Ben Bernanke, what he and the Wall Street financiers have done ―after the fact. And yes, probably Geithner is an order taker most of the time, except in matters touching the Kleptastrophe, where he has the key role as director and member of the orchestration team. Needless to say, when loanable funds are handed to investment bankers in exchange for the securities they hold, the money they get for lending, which must give a return higher than the securities were offering, does not end up as new purchasing power, i.e. new debt-paying power, in the hands of the average American householder.
So the Fed, rather than putting the purchasing and debt-paying power in the domestic economy loop, where it would reach householders with mortgages, they limited their purchasing power creation to their own elite circle attached to the Federal Reserve Bank of New York, the only Federal Reserve bank in the country which conducts these open-market purchases and sales.
New York Federal Reserve Bank and its President, Timothy Geithner
Chinese-speaking Timothy Geithner is President of the New York Federal Reserve Bank and Vice Chairman of the Federal Open Market Committee, the latter of which really controls the amount of loanable funds in the economy. Fed Chairman Bernanke is a powerless figurehead and misinformation mouthpiece, a cardboard figure who merely announces what the new discount rate, the rate at which the Fed will lend money to banks "discounted" with treasury securities held as collateral so banks will not dip below required reserves when they are lending close to the limit allowed by their excess reserves. Don't think for a minute that the Fed Chairman or the Board of Governors is the power behind the Fed ― he is merely the "front man," the only leader of the system that is "appointed" by the President, that being the only basis on which it can at all be said that the Fed is in any way an instrument of the U.S. government or responsible to its people. Both the Chairman and the U.S. President, who appoints him, are mere tokens following orders. The real power is Timothy Geithner and the men behind him: Kissinger, Greenspan, Voker, Reuben, Thain, and Corrigan, as will be shown below.
The power is with the New York Federal Reserve bank, and the president of that bank serves only the financial interests of the international investment bankers. Don't be fooled by the redefinition of banking. The investment banks are now "commercial banks" only in the sense that by becoming so they escape all of the still-remaining regulations that hampered their actions. What we have seen is nothing less that the climactic phase of the takeover of the U.S. banking system by the international investment banking interests ― "the Rothschilds and Rockefellers," as the ordinary citizen often refer to them ― consisting of many super-rich families/clans around the world.
The Board of Governors of the Federal Reserve, except for Geithner, are powerless. Geithner only enjoys power in the sense of a worker who drives a big powerful truck, but only where he is told, except that he is trusted to map out the plan.
Geithner, it also should be noted. is a former Director of Policy Development at the International Monetary Fund, and Senior Fellow at the Council of Foreign Relations. He is close to all of the heads of the European central banks.
But who is behind Geithner?
The Board of Governors of the Federal Reserve (shown below), ALL POWERLESS, EXCEPT for Geithner. The Chairman is merely a salesman for the policies set at the New York Federal Reserve Bank and the bankers with whom he interacts.
Which of these Fed Governors is not a powerless
window-dressing rubber stamp?
One with real power, but all are yes-men to the Money Interests and acting in a charade harmful to the public interest.
The impresario of the 2008 Kleptastrophe is not Paulson or Bernanke, but Timothy Geithner, who is working with John Alexander Thain and Gerald Corrigan, among others, mostly former Goldman Sachs financiers ― chief architects for carrying out the Kleptastrophe policies of the Money Power. They planned the drought of purchasing power that brought about the foreclosures, which destroyed the credit markets in order that the bankers could acquire all of that American housing (prime rental properties) for themselves and their friends in China, whom they have made rich by investing over there all of those loanable funds the Fed created. They got hold of the properties, but of course they could not resell them in the U.S., since they had deliberately eliminated all of that American purchasing power, so they provided themselves with the $700 billion bailout, in which the government buys the houses they got for themselves. The taxpayer, even though he just had his house foreclosed, now has to buy the house anyway, at a price far above present market value, and do so at gunpoint ― not right now, of course (he hasn't got the money, remember), but over the years, and at compound interest, because the bailout of the domestic banks is funds borrowed from the international bankers at compound interest.
Of course, buying Freddie Mac and Fannie Mae ― buying the mortgages and lowering the fees on loans ― is also a hidden bail, rather than an "investment" as the idea was sold to the public, again with funds borrowed from the international bankers. The Fed borrows to bail, but then this causes the price of treasury securities to drop, since the government is flooding the market with increased supply of its new IOU’s ― this of course causes the price of securitized mortgages to drop ― which has been the source of purchasing power for new home loans.
But that is only the beginning. After getting the $700 billion of taxpayers’ money to buy the houses they have taken from the householders after strangling domestic purchasing power, the next step is to rob all the banks in the country not owned by the Money Power. This is accomplished by simply having hit-man Paulson round up the big bankers. Remember, West Coast banks like Wells Fargo and Bank of America have always been somewhat independent of the Rockefeller-Rothschild-Morgan-dominated Eastern Banks,.but now they are finally being brought into line.
The two western banks, Wells Fargo and Bank of America, after seeing what was done to their fellow Washington Mutual, were not in serious difficulty. Kenneth Lewis of Bank of America, seen by investors as strong throughout the crisis, was able to raise $10 billion, and Wells Fargo CEO Richard Koacevich felt that with its less vulnerable loans it was not needing the "Corrigan Plan" that Paulson was pushing on them. Nevertheless, if they had an ethical bone in the bodies or any consideration for their shareholders, they would have rejected the scheme even under the wrack. The government was forcing the nation’s big banks to let the government buy in, with astounding now borrowings for future taxpayers to pay, three or four times the size of the $700 foreclosure buy-up bailout! This would be a dilution of the stock of the banks’ existing shareholders ― essentially theft from everyone who owns stock in those banks; a real bank robbery. And who gets this stock? That Paulson did not say, but the answer is obvious. The government has cut itself in on all of this diluted stock, and this stock, while the government in holding it pays a dividend of five percent. However, that five percent dividend only lasts for five years before automatically being raised, regardless of the economic environment at the time, to nine percent. In the meantime, the government will "privatize" the holdings of the shares of these banks which it has created, selling them off to those who can afford them in this domestic purchasing-power-constrained environment: who but the Money Power themselves, flush with all of this taxpayer largess? So the end result will be, when you disregard all of "paper" assets and see where ownership of the banks went, that the Money Power now owns more of these banks, and the American household with bank stock will find that his share has been diluted and that he gets no dividends, because the government's now soon-to-be privatized shares paying dividends of 9 percent will be getting all of the profits, leaving none to go to the people with ordinary preferred stock.
The Kleptastrophe thus plunders the American economy in a number of ways that are totally devastating ― as damaging as unlimited war. And it is war. No one but a foreign enemy and agents of that foreign enemy holding no loyalty or sympathy for the American people could be merciless enough to inflict such ruin and misery.
You and I, and the people around us, have to come together intelligently in our understanding of this attack and how our very lives depend on acting as a unified citizenry ― the only way we have any power at all ― and stopping this financial sabotage meant to destroy and enslave us to the Money Power that has been behind all of the wars and depressions this country has faced over the last 150 years.
The head of the New York Federal Reserve Bank, Timothy Geithner, who realized the Corrigan, Thain, Reuben, Kissinger, et al Kleptastrophe plan is the son of a father who worked for the U.S. Agency for International Development, which dealt with the opening of China to the West. Timothy was thus raised and educated in India, and had frequently visited China. Graduating from the International School in Bangkok, the future Fed banker went to the U.S. to attend Dartmouth, followed by Johns Hopkins, where he majored in East Asian studies (which includes China, not India, please note) and International Economics ― not Money and Banking! Remember, Gaithner came to the New York Federal Reserve Bank without extensive knowledge of our banking system hit men and infiltrators do not have to be experts in the field they have infiltrated, they just have to know where the money is hidden and how to get their hands on it; they have to know "explosives," not "bridge building."
From Dartmouth, young Geithner went to work for Henry Kissinger ― directly under him. Recall that Kissinger is the man who opened up China, having traveled there with David Rockefeller the week after Nixon's famous visit., While there, Rockefeller, Kissinger and Zhou Enlai planned the de-industrialization and destruction of the United States and its system of popular representative government, which Rockefeller, Kissinger, and Zhou detested. Zhou, by the way, had family links with London bankers that go back to his ancestors who were the Emperor's agents that dealt with the opium traders of Hong Kong etc. Kissinger and Rockefeller are American agents of that international Banking Power.
Rockefeller has run the U.S. for the Money Power interests through his creation of the Council on Foreign Relations. Geithner is a member of the Council on Foreign relations, and one of his Kleptastrophe team headed the CFR for several years, which will be discussed further below.
From his mysterious "research" work directly for Kissinger, at a time when the latter was making his money selling corporations his influence and connections with top Chinese bureaucrats for the great transfer of industrial wealth from the U.S. economy to the Chinese princelings and those international corporations with Kissinger-brokered access to China's labor and resources. Geithner then moved on to work for the U.S. Treasury Secretary for International Affairs, Lawrence Summers.
It should be remembered that Lawrence Summers was being investigated for illegal gold transactions, along with Greenspan and others, in September of 2001 ― specifically, for selling Federal Reserve Gold to Wall Street financiers (friends) at prices below the price that could be gotten on the market at that time. As things happen, however, all of the investigators into that crime, as well as the evidence they had been gathered, perished in the collapse of the North Tower of the World Trade Center on the 11th of that month. Prior to 9-11, Kissinger happened to be on the Pentagon’s Defense Policy Board ― along with Paul Wolfowitz, (who would go on to head the IMF), Douglas Feith, and Richard Perle ― planning wars with Iraq and Afghansitan. If you recall, Henry Kissinger was also George W. Bush's first choice to head the 9-11 Commission, which he backed out of when conspiracy theorists on the internet began making too many connections.
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