Archive for the economy Category

the big business of gold in the Dominican Republic

Posted in Colonialism, economy, gold, Uncategorized with tags , , , , , , , on 04/11/2009 by Walter

Dominican negotiators of the contract did not anticipate that gold would reach the current price.

State would receive only US$ 32 Million per year for US$ 1,000 Million exported Gold

Dominican negotiators of the contract for the exploitation of gold from sulfide of ¨Pueblo Viejo¨ never thought gold prices were to reach the levels where they are today.

For this reason the country would receive in the first seven years of operation of the mine only $ 32 million a year for exports worth 1,000 million.

barrels of goldThis was recognized by the economist Iván Rodríguez, who helped negotiate the contract with Placer Dome which later was transferred to Barrick Gold. This recalls that when the contract was negotiated the price of gold was between 200 and 250 dollars the troy ounce, while higher prices were expected that gold reached up to US$ 450.

Today gold prices in spot and future market reached record levels, boosted by the sale of 200 tonnes of gold made by the International Monetary Fund.

Yesterday gold was quoted at US$ 1079.40 an ounce from US$ 1059.15 on Monday afternoon in New York. Earlier, the precious metal reached a record of US$ 1080.60.

Mapa mineria - Everton properties

Although it was for the Dominican negotiators certainly an unexpected dimension where the price levels of gold has reached, it is likely that for Placer Dome and Barrick Gold then was not surprised the behavior of the metal in international markets …..

for more information’s visit this spanish site:  Sancocho con dulce de leche

According to data published by Barrick Gold, the proven reserves in the mine of Pueblo Viejo is 20 million troy ounces of gold, 117 million ounces of silver and 424 million pounds of copper, which at current prices are worth about 24,000 million dollars, which makes the Pueblo Viejo mine in Cotuí, one of the largest mines in the world.

Update 10th of November 2009:

Congressman defends contract between Barrick Gold and Dominican state.

10/11/2009 – El Nuevo Diario

SANTO DOMINGO – The President of the Special Commission of the Chamber of Deputies who studied the lease agreement between the Dominican State and the Canadian company Barrick Gold, defended the work of legislators in approval.

Ramon Cabrera explained that the contract guarantees an investment of 3 billion pesos (84 million dollar) and generate about 5 thousand jobs. The company will pay around 374 million dollar to heal environmental damage.

The contract of the mining rights to mine gold, silver, copper and zinc in Pueblo Viejo, Cotui, signed in 2002 between the Dominican Government and the Canadian company Placer Dome, is being amended by requirement of the mining company Barrick Gold, which in 2006 bought all rights to the Pleasure Dome.

According to Article 8 of the original agreement, Placer Dome will pay the state a tax in base of Net Profit Sharing (PUN) which varies between 5% and 25%, dependent on the selling price of gold, unless a production cost of $ 275 per ounce.

Barrick Gold Results Beat Analyst Estimates on Cost Containment

Oct. 29 (Bloomberg) — Barrick Gold Corp., the world’s largest gold producer, reported third-quarter results that beat most analysts’ estimates because of efforts to contain costs.

Profit excluding a $5.7 billion charge to eliminate fixed- price contracts and a one-time impairment expense was 54 cents a share, Toronto-based Barrick said today in a statement. That topped the 46-cent average estimate of 23 analysts surveyed by Bloomberg.

Gold futures in New York climbed 17 percent to $1,030.50 an ounce this year through yesterday, while the 16-company Philadelphia Stock Exchange Gold & Silver Index rose 25 percent. The precious metal, which reached a record $1,072 on Oct. 14, has risen for eight straight calendar years.

Barrick repeated its forecast for 2009 gold production of 7.2 million to 7.6 million ounces at total cash costs of $450 to $475 an ounce. The company expects gold output to rise to 7.7 million to 8.1 million ounces next year, helped by the scheduled start of new production at the Cortez Hills project in Nevada next year. Barrick produced 7.66 million ounces of gold last year at average total costs of $443 an ounce.

On Oct. 12, Barrick agreed to pay Xstrata Plc $465 million for a 70 percent stake in the El Morro copper and gold mining project in Chile.

Barrick started building its $3 billion Pascua-Lama mine project on the Chile-Argentina border after the two countries resolved a tax dispute. The mine is forecast to yield as much as 800,000 ounces of gold annually after it starts operations in 2012.

The gold miner began production at its Buzwagi mine in Tanzania in May. The Pueblo Viejo project in the Dominican Republic is scheduled to start production in the fourth quarter of 2011.

read the full story: Barrick Gold Results Beat Analyst Estimates on Cost Containment

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August 17, 2010 – EL DIA

Board of Aldermen gives powers to the Mayor Molina Lluberes to fight against Barrick

COTUI .- The Board of Aldermen of the City Council of this town gave powers to the Mayor Rafael Molina Lluberes to act in all legal statuses against the mining company Barrick Gold, in defense of the heritage of the province of Sanchez Ramirez, preservation of resources natural, payment of damages caused by the exploitation of mineral deposits and the revision of the concession contract granted by the state.

The Board of Aldermen of the City Council in its resolution 001 claimed responsibility for environmental protection and the payment of municipal taxes from the mining company.

Also, the Council  authorized Molina Lluberes to require the proportion of jobs provided in the contract that is up to the residents of the province and the training of those in international organizations. It also empowered the municipal executive to manage the payment of 5% of net profits since the beginning of its operation, that constitutionally must be paid directly to the municipalities.

The council resolution was passed unanimously by the nine magistrates present at the first session of the municipal body.

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Once more Henry Kissinger

Posted in economy, financial crisis, globalization, Kissinger, new order, politics, Uncategorized, world domination with tags , , , , , , , , , , , , , , , , , , , , , , , , on 22/03/2009 by Walter

The secret societies that are the real power in global affairs.

An incredible audio recording of a speech made by JFK for the American Newspaper Publishers Association where he warns the press about the secret societies that are the real power in global affairs.


“The alternative to a new international order is chaos.”

By Henry A. Kissinger (International Herald Tribune), published: JANUARY 12, 2009

kissingerAs the new U.S. administration prepares to take office amid grave financial and international crises. The American prescription for a world financial order has generally been unchallenged. Now disillusionment with the United States’ management of it is widespread. Every country will seek to make itself independent, to the greatest possible degree, of the conditions that produced the collapse.

The economic world has been globalized.

The nadir of the existing international financial system coincides with simultaneous political crises around the globe. Never have so many transformations occurred at the same time in so many different parts of the world and been made globally accessible via instantaneous communication.

“The current crisis can be overcome only by developing a sense of common purpose. The alternative to a new international order is chaos.”

The financial and political crises are, in fact, closely related partly because, during the period of economic exuberance, a gap had opened up between the economic and the political organization of the world.

Not since the inauguration of President John F. Kennedy half a century ago has a new administration come into office with such a reservoir of expectations. It is unprecedented that all the principal actors on the world stage are avowing their desire to undertake the transformations imposed on them by the world crisis in collaboration with the United States.

The extraordinary impact of the president-elect on the imagination of humanity is an important element in shaping a new world order. The role of China in this new world order is equally crucial. A relationship that started on both sides as essentially a strategic design to constrain a common adversary has evolved over the decades into a pillar of the international system.

China made possible the American consumption splurge by buying American debt; America helped the modernization and reform of the Chinese economy by opening its markets to Chinese goods.

Each side of the Pacific needs the cooperation of the other in addressing the consequences of the financial crisis. Now that the global financial collapse has devastated Chinese export markets, China is emphasizing infrastructure development and domestic consumption.

America needs Chinese cooperation to address its current account imbalance and to prevent its exploding deficits from sparking a devastating inflation. What kind of global economic order arises will depend importantly on how China and America deal with each other over the next few years.

read the entire article in the: International Herald Tribune

Kissinger says an Obama presidency is a great opportunity to set up a New World Order.

in this video Henry Kissinger says:

“The president-elect is coming into office at a moment when there is upheaval in many parts of the world simultaneously… … “You have India, Pakistan; you have the jihadist movement. So he can’t really say there is one problem, that it’s the most important one. But he can give new impetus to American foreign policy partly because the reception of him is so extraordinary around the world. His task will be to develop an overall strategy for America in this period when, really, a new world order can be created. It’s a great opportunity, it isn’t just a crisis.”

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Kissinger is also part of the Bilderberg Group which allegedly emphasize a globalist agenda and promote the idea that the notion of national sovereignty is antiquated and regressive.

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Chinese Vice Premier meets Henry Kissinger

kissinger-meets-chinese-vice-premierBEIJING, Jan. 13 (Xinhua) — Chinese Vice Premier Wang Qishan met Tuesday with former U.S. Secretary of State Henry Kissinger on the sidelines of celebrations marking the 30th anniversary of diplomatic ties.

Wang first paid tribute to Kissinger for his great contribution to China-U.S. relations.

“It is fair to say you are the only senior official alive who has witnessed the entire course of diplomatic relations between the two countries from the very beginning,” Wang said.

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LA Times | Mar 21, 2009

Kissinger meets with Russians …

Russian President Dmitry Medvedev sounds optimistic about improved relations after Nixon’s secretary of State and other former high-ranking officials pay an informal visit.
Kissinger led a team of prominent former U.S. officials in meetings in Moscow this week who were acting on their own but echoing the message of cooperation from an Obama administration that has pledged to “reset” relations that have become tense in recent years. And the young Russian president, still regarded by many observers as an apprentice to Prime Minister Vladimir Putin, spoke encouragingly of efforts to end the acrimony.


“This surprising term ‘reset’ will, I hope, reflect the essence of the changes we would like to see,” Medvedev said. “We are counting on a reset. We hope it takes place.”

kissinger_primakovHis relatively passive remarks reflected the prevailing Russian contention that relations have soured because of U.S. belligerence and that the onus is on Washington to soften its behavior.

Kissinger, who also met with Putin, assured reporters that he’d found ample ground for cooperation. “I’m happy to report that the differences were not so remarkable and the agreements were considerable,” he said.

The Nixon-era secretary of State was joined on the trip by other prominent officials from previous administrations, including former Secretary of State George Shultz, former Georgia Sen. Sam Nunn, former Defense Secretary William Perry and former Treasury Secretary Robert Rubin.

The White House said the group had not been sent by President Obama. “They’re private citizens and not there at the behest of the White House,” said an official, speaking on condition of anonymity. “But they did inform the White House beforehand.”

A foreign policy realist, Kissinger is an advocate of finding accommodation with the Russians and setting aside tensions that sharpened during George W. Bush’s presidency.

The tensions have raised anticipation for a meeting between Obama and Medvedev on the sidelines of next month’s G-20 summit in London. On Friday, Medvedev said he was looking forward to the encounter.

“Many issues have accumulated in recent years that should be discussed,” he said.

the chinese will come

Posted in Colonialism, economy, history, life, politics, population, world domination with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on 08/12/2008 by Walter

China’s bid for world domination

The leaders of China want to conquer the world because this is the only way for them to resolve all of their domestic problems.

chinese-chicken-factory

China is becoming the manufacturing hub of the world and is on the verge of supplanting the United States as the primary driver of the global economy.

China never will declare war, as it will not challenge other countries to a duel, but it will annihilate the entire free West for to stay in power. Chinese are preparing to invade the western civilizations step by step. First absorbing fresh financial resources by offering a cheaper industrial production and copying the technological knowledge by a new class of technicians formed in a fast growing educational system.

It is easy for China to beat us, because our way to do business is simply idiotic.  We pay for process and not for results. We are spending a lot of money and many years in research for new technologies what for the Chinese cost half and took half as much time to develop.

human tsunami – a new concept of migration to all countries around the world

In a few years more than a quarter part of world population will connect to the same capacity of consume like people in the ¨Free¨ industrial countries.   As China’s economy continue growth in education and the economy, China will attain in short time a Gross Domestic Product per capita (GDPpc) ot at least US$10,000 per year, resulting in a change of internal society to category Partly Free in the ratings of political rights and civil liberties by 2015 and Free by 2025. Than Chinese people will multiply their existing global presence. They will start like big waves to explore all the world, to establish and exchange commercial and human relations and migrant uncontrollably to different countries all over the world ……….

chinese_girls_pigtails chinese_girls_2 chinese_girls_3

China is now the largest higher education system in the world: it awards more university degrees than the USA and India combined.

University enrollments in China have reportedly risen from under 10% of young people in 1999 to over 21% in 2006, a phenomenally fast expansion. China has overtaken every other country in the world except the US in terms of the numbers of doctoral degrees awarded. But in just three or four years China will produce more PhD students like the current world leader, the US.

Chinese don’t smell!

With 5 thousands of years of elegant civilization, people there don’t have perfume industry. Chinese are very clean and hygienic and have much weaker body odor.

Chinese actually smell less than whites, because of different sweat glands. The Chinese have less alpha type sweat glands that give rise to bacterias that, when dead, cause the sweat to smell badly.

The only people who smell bad are the Westerners and they use deo to mask their body odour so Chinese call westeners dirty people.

axe-deodorant-2

A Millionaire Boom In China

chinese-junkAccording to the World Wealth Report, China had the second-fastest-growing millionaire population. It grew 20.3% to 415,000 last year. The billionaire population grew even faster, the March Forbes’ list included 42 Chinese billionaires, up from 20 the previous year.

More than 400,000 Chinese have a net worth over $1 million, excluding property, according to Merrill Lynch & Co. And mainland millionaires control some $530 billion in assets, Boston Consulting Group estimates.

Within a few years the Chinese middle class will be larger than the total population of the United States. I would bite money that by 2015 China has the most millionaires and billionaires.

China in 2007 stood as the second-largest economy in the world after the US

After 1978 Chinese leaders focused on market-oriented economic development. The restructuring of the economy and resulting efficiency gains have contributed to a more than tenfold increase in GDP. For much of the population, living standards have improved dramatically and the room for personal choice has expanded. By the end of 2007, more than 5,000 domestic Chinese enterprises had established direct investments in 172 countries and regions around the world. Annual inflows of foreign direct investment in 2007 rose to $75 billion.

dolarBeijing had the power to set off a dollar collapse if it choose to do so.

China’s massive hoard is the result of its large current-account surplus, significant inward foreign direct investment, and big inflows of speculative capital over the past couple of years. In theory, flows of foreign money into China should push up the yuan, but China has resisted this, forcing the central bank to buy up the surplus foreign currency.

Now, China will just go on buying the things what needs to continue her expansion – mining companies, weapons, technologies, oil fields, farm products…or maybe farms themselves.

China’s “nuclear option”China held 1.9 trillion dollars worth of foreign exchange reserve by September this year … enough to buy all the farmland in Kansas, Nebraska, Iowa, South Dakota, North Dakota, Missouri, Arkansas, Louisiana, Colorado, New Mexico, Montana, Wyoming, Oklahoma and probably Texas too.

Described as China’s “nuclear option” in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels.

It would also cause a spike in US bond yields, hammering the US housing market and perhaps tipping the economy into recession. It is estimated that China holds over $ 1,900 billion in a mix of dollars and US bonds.

Hillary Clinton said foreign control over 44 percent of the US national debt. This had left America acutely vulnerable. America being “held hostage to economic decisions made in Beijing, Shanghai, or Tokyo”.

China doubles gold reserves

China is in a Dollar Trap. A sudden dump of US dollar is out of question. It will hurt the US, China and the world economy. But it does not mean China cannot gradually diversify away from the US dollar. The recent data shows China just doubled its gold reserves from 600 tonnes to 1054 tonnes. China now became the 7th largest holder of gold in the world, surpassing Switzerland and Japan.

goldChina has the biggest foreign exchange reserves in the world, totaling almost $2,000 billion dollars.  About two-thirds of this is estimated to be in US dollars.

But China has been backing away from the dollar for a while; three years ago Beijing broke the peg that linked its currency, the renminbi, and the dollar. Then, just before the London G20 summit earlier this month, China suggested that the time might have come for countries to reduce their reliance on the US dollar as a reserve currency. Nonetheless about two-thirds of China’s foreign exchange reserves is estimated still to be in dollars.

But the Chinese move has given a small boost to the gold price, up $5.50 at $913 an ounce in London, and a big booststore of value to those traditional investors who still believe that gold is the safest.

China is a military machine of 1.3 billion human parts

Today, the Chinese military is a hugely expanded and modernized force, much stronger than what the United States faced in Korea in 1950, or India encountered in 1962, or the Russians faced in 1967 at the Ussuri River.

su30mkclimbingChina is building its military machine at an annual cost of more than US$ 60 billion for to support the 2.4 million People’s Liberation Army, 300,000 air force personnel and 200,000 servicemen in the navy. In addition, about US$30 billion a year is spent on a military industrial complex in central China, which is at the center of its three-tier modernization program.

In 1986 the Chinese leaders decided to establish domination with the help of post-nuclear weapons to be developed by Project 863, the world’s largest program for the development of molecular nano superweapons with global-scale range of destruction. With this weapons they will be able to destroy the Western means of nuclear retaliation, and then the West will be at the mercy of China.

China forms part in space competition

Apollo proved that the Moon is made of the same stuff as the Earth. All what’s valuable here on Earth exists on the moon too –  Platinum, gold, copper, titanium, diamonds …  the Chinese are working on a series of moon rockets for to be the first to get to the Moon and fix the rights to exploit these mineral deposits!

china-space-competitionIn 2007, the Chinese government conducted its 100th space launch with a Long March rocket, carried out a successful anti-satellite (ASAT) test, commenced operations of the Beidou satellite navigation and positioning system, and launched its Chang’e 1 lunar orbiter.

Beijing already has invested in significant space-denial capabilities that will allow it to destroy or disable American satellites in the event of a future conflict. The January 2007 ASAT test — when a direct-assent kill vehicle made a direct hit against a satellite that was traveling at 7.42 meters per second — was the most potent demonstration of this emerging capability.

We are the Trendsetters, but Chinese are the workers!

ch-lgflag

¨Chinese people are quiet, peaceable, tractable, free from drunkenness, and they are as industrious as the day is long. A disorderly Chinaman is rare, and a lazy one does not exist. So long as a Chinaman has strength to use his hands he needs no support from anybody; white men often complain of want of work, but a Chinaman offers no such complaint; he always manages to find something to do¨.

in the words of Samuel Langhorne Clemens, better known as the author of Mark Twain,published in 1872 in his book, Roughing It

china-5000-years

Barack Obama will take a bold step and will strike an agreement with China which will allow Americans to transfer their entire industrial base and jobs to China in return for being able to continue to spend and shop until they drop without worrying about the future of their children or the possibility of U.S. insolvency.

life converts more and more into mechanical processes

Posted in economy, life, love, politics, sex with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on 28/11/2008 by Walter

(r)evolution of men

stress is the best tool for domesticating men.

“the poor and the middle class work for money,” but “the rich have money work for themselves”.

For most people the margin for a carefree and easy life become always more closer because money assumed its power over their lives.  We had to redefine the way how to view the modern world for to create a new vision with rational processes in accordance to the new way of looking.

If morality represents how we would like the world to work, then economics represents how it actually does work.

Only 8% of all people have enough capacity for to create problems with the necessary dimension for impact in worlds events. Not importing what the other 92% are doing, they never will be able to change something, not important what they are doing or not!

children

The rich like to have every day more and for the rest its every day more difficult to handle the basically needs from their life’s. For survive a lot of women changed to be men, because daily costs are growing faster than personal incoming’s and the possibility for to have children is converting more and more in a privilege for few couples.

Millions of families can no longer afford to live on two incomes. A generation ago, a typical middle-class family lived on the income of one breadwinner. In recent years it has taken two working spouses to live the modern middle-class dream. Now, it seems even that is not enough to survive the skyrocketing cost of living while saving for retirement and shouldering growing debt loads.

For majority of people sense of life is changing from “Work to live” into “Live to work“!

desire is produced like a a vision for to increase performance.

The last step for to economize working machinery, delegate business risks of untapped market niches and alleviate heavy burdens of social costs was creating incentives for people to move from the race of employment to the role of business owner and investor. In the hope of more income they renounce voluntarily to the protections of the labor market regulations and assume their own responsibility of productivity, social costs, debts and efficacy of work.

Now most of them had to work more for less money, with less vacations, less free time and a bigger risk to be affected negatively by social crisis and health problems.

pleasure of life, love and sex – for more and more just yet a nice fantasy for to dream …

Many couples no longer have sex, many of them by fatigue or because they have lost interest. The most common reason, put forward by one quarter of men surveyed are tired after work, while 19 percent of women said that sex requires great discomfort.

kama-sutra

“It’s a question of balancing work and life, this is not something that the individual can bear alone. People who directs companies have to do something about it.”

In an unequal world, it should be most fun to be in the ruling class, because life is really nice …

good music, good animation, good story …. its cool

signs of resistance against economical world domination

Posted in economy, financial crisis, history, politics with tags , , , , , , , , , , , , , , , , , , , , on 23/11/2008 by Walter

United States and Great Britain will have to give up power and influence

USA-POLITICS“Redesigning the global financial system is a historic challenge, and not one that can depend on the results of a single conference.” In addition to the larger philosophical differences, there are also a number of disagreements when it comes to the finer points of any possible financial system reform. The responsible s of the financial crash should intent to use financial market reforms and the necessary injection of governmental money resources for their own proposals to eliminate competitors and reestablish dominant positions in the new global economic system.

“Globalization, though, makes such a reform more difficult. … Experience from the first worldwide trade negotiations shows that it takes a long time. After a decade of talks, the world is still waiting for the first global trade agreement.”

“A larger obstacle on the way to a new financial architecture is the role played by the US and Great Britain. They will have to give up power and influence. If the state seeks more control and if the finance houses and their managers have to take on more responsibility, then profits will by necessity be lower.

In 2007, 40 percent of all company profits came in the finance sector. But the price bubble in real estate and on the stock markets can grow no further — and the dreams of wealth held by many Americans and British will have to be abandoned. Herein lies the problem. Many lived well from the bloated financial sector, and Britain and America both gained tax revenues and international influence.

“Shrinking the US financial sector would cost Obama, the next American president, plenty of strength and would require a large dose of courage. Many of his advisors from the economic establishment are warning to tread lightly. … But the time for unilateralism has come to an end. The only thing left for the US is to accept this unsavory piece of news.”

“Give me control of a nation’s money and I don’t care who makes her laws”

by Meyer Amchel Rothschild (1743-1812)

bank-of-englandGreat Britain followed an especially aggressive policy of slack oversight in order to establish the City of London as a financial center. The British Empire is generally considered to have arisen as a result of Britain’s trade objectives. Since centuries the British tried with excellent results to monopolize the exploitation of colonies resources by implanting a domination of the “new worlds” money and financial system. For to liberate from social and governmental responsibilities the British dissolved their empire, but not their financial octopus. Invading the international financial system they used globalization and free-market principles for to absorb and manipulate national influences and generate high enough returns to remain their competition and leadership on the international stage.

The Bank of England’s strategy was to completely control the British Government. Then they could apply pressure on the colonies and force them to rebel. Lastly, they would impose a Bank of England type bank on the Colonies. This they did in the year 1791. It was called the Bank of the “U.S.” General Jackson refused to renew the bank charter and he died an unnatural death in 1836. The corrupt bank was re-chartered in 1913 under the name “Federal” Reserve Bank of the “U.S.”

The Federal Reserve Bank is a consortium of twelve private banks which are not part of the United States Government.

These private banks purchase paper notes from the U.S. mint for printing cost or simply enter digital money into their computer then lend back the money plus interest to the people through member banks.  The profits go into the share holders of the bank’s pocket’s, the U.S. public receives no benefit.

The Primary Owners of the Federal Reserve Bank Are:
1. Rothschild’s of London and Berlin
2. Lazard Brothers of Paris
3. Israel Moses Seaf of Italy
4. Kuhn, Loeb & Co. of Germany and New York
5. Warburg & Company of Hamburg, Germany
6. Lehman Brothers of New York
7. Goldman, Sachs of New York
8. Rockefeller Brothers of New York

fedAll the primary owners are branches of European establishments.  Foreigners, almost entirely Jewish, control the United States Money supply.  They literally own exclusive rights to the dollar and simply enter dollars into their banks books to make money which they then lend back to us at a profit.

In 1913 in exchange for paying for his Presidential campaign, President Woodrow Wilson signed the Federal Reserve Act handing over the U.S. currency to twelve regional private banks.  In 1933 Roosevelt confiscated citizens gold and handed it to these private banks.

The bank is supposed to bring stability to the economy, however, almost every major marked crash and war can be attributed to the Federal Reserve Bank, including the Great Depression, World War I, World War II, the Gulf War etc.

The privately held Federal Reserve Bank has not once been audited and never pays any income tax on their astonishing income.

According to Congressional record the U.S. Government can buy back the FED at any time for $450 million.  That’s about half the amount of money we pay them daily.

As of March 6, 2006, the national debt stands at 8.2 trillion dollars. The American taxpayers have paid the FED banking system $173,875,979,369.66 in interest on that debt in just five short months, from October, 2005, through February, 2006.

The Fed allows Congress to spend all they want that’s why your Congressperson does nothing.

read more in: Liberty for Live

Banking scandal, crime, corruption or stupidity of American citizens

Posted in american dream, economy, financial crisis, politics with tags , , , , , , , , , , , , on 22/11/2008 by Walter

Bankers get bonus billions from taxpayers

Despite the worst financial crisis since the Great Depression, Wall Street firms expect to pay billions in executive bonuses after being shored up with billions in taxpayer dollars.

the-bankersMany banks paying bonuses are receiving billions in capital from the Treasury department as part of the government’s $700 billion financial rescue plan. The Troubled Asset Relief Program, known as TARP, was announced in September.

Stock brokerage giant Merrill Lynch is receiving $10 billion from the government. The struggling institution is merging into Bank of America.

Bank of America, which is getting $15 billion from TARP, is offering bonuses equaling up to 100 percent of revenue Merrill’s brokers generate, in order to retain them, said Bloomberg.

“The public is angry about this, and they should be,” said Joan Claybrook, president of Public Citizen, a consumer advocacy organization in Washington.

“The deal was the $700 billion bailout would provide money to banks to increase their liquidity to extend credit to businesses and the public. The public’s irritation with this is we’re going into debt as a nation to try to save the economy, and then these banks are using the money to pay bonuses to executives,” she said. “The cost is equal to about $3,000 to $4,000 per citizen, yet many are losing their homes. It’s morally and economically wrong.”

“Wall Street firms will say the money isn’t from the bailout,” said Altmire. “But there is no separate pot of money. You have all the money in your budget, and you decide what to do with it.”

an American dream – to become rich if someone lose!

bankers-and-bikes

TRIBUNE-REVIEW | Nov 13, 2008 by Thomas Olson – Via AftermathNews
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the Rockefellers and the Council on Foreign Relations

Posted in economy, history, politics with tags , , , , , , , , , , , , , , , , , on 16/11/2008 by Walter

the Rockefellers, the Council on Foreign Relations and the change of United States

It is true that the Americans have ”free elections,” in which they have the absolute right to vote for one of two opposing candidates, both of whom have been handpicked and financed by the Rockefeller syndicate and too they are free to invest in a stock market in which the daily quantity, price and value of the monetary unit is manipulated and controlled by a Federal Reserve System which is answerable only to the Bank of England.

Investigators from the network of U.S. funding cautioned against excessive expectations with the elected president of this country, Barack Obama, whom they described as the chosen today of the great capitals. Obama was the largest recipient of donations in the campaign. Part of this capital coming from the same network of capital that has financed the previous U.S. presidents, including key advisers as Zbigniew Brzezinski.

brzezinski_bin_laden_aka_tim_osmanThe book ¨the imperial spider web¨ of Golinger and the French sociologist Roman Migus qualifies favor of Brzezinski’s “soft power”, the psychological and economic warfare, covert actions, separatism and techniques of soft coup rather than military operations. The book describes Brzezinski, a Polish nationalized U.S. as the creator and financier of the group Al Qaeda to fight the Soviets in Afghanistan in the late 70s of last century. He is a member of the think tanks (think tanks) more important as the Center for Strategic and International Studies and Council on Foreign Relations and a member of the board of the International Crisis Group.

His preference for soft interventionism placed him as an informal adviser to Obama’s opposition to the administration of George W. Bush.

Brzezinski is identified as a close friend of the Rockefeller family and co-founder of the Trilateral Commission, a plan for world domination.

The Brzezinski – Obama Axis

barack-obama-2008It was reported in the New York Sun on February 15 that Barack Hussain Obama has chosen Zbigniew Brzezinski to advise him on Middle East policy. An Obama-Brzezinski axis has revolutionary significance. It might accelerate the de-Americanization and decline of the United States.

With Zbigniew Brzezinski as his national security adviser, it was Jimmy Carter who facilitated the return of Ayatollah Khomeini to Iran. The Carter-Brzezinski axis is very much responsible for the Islamic revolution—the most dangerous revolution that has occurred in human history, a revolution that threatens the existence of every nation-state.

With Brzezinski advising him, Obama’s chance about CHANGE may be more serious. He may have in mind changing the fundamental character of the American regime. That would fit well with the designs of one of his backers, billionaire George Soros, a globalist committed to the termination of the nation-state and the ascendancy of world government.

george-sorosCurrently, Soros is chairman of Soros Fund Management and the Open Society Institute and is also a former member of the Board of Directors of the Council on Foreign Relations. He is known for having donated large sums of money in a failed effort to defeat President George W. Bush’s bid for re-election in 2004. He supported Democrat Barack Obama in the 2008 U.S. presidential election.

contracted to bust the stocks

The Trilateral Commission is a private organization, established to foster closer cooperation between America, Europe and Japan. It was founded in July 1973, at the initiative of David Rockefeller; who was Chairman of the Council on Foreign Relations at that time. The Trilateral Commission is widely seen as a counterpart to the Council on Foreign Relations.

Speaking at the Chase Manhattan International Financial Forums in London, Brussels, Montreal, and Paris, Rockefeller proposed the creation of an International Commission of Peace and Prosperity in early 1972 (which would later become the Trilateral Commission). At the 1972 Bilderberg meeting, the idea was widely accepted, but elsewhere, it got a cool reception. According to Rockefeller, the organization could “be of help to government by providing measured judgment.”

“Close Trilateral cooperation in keeping the peace, in managing the world economy, and in fostering economic development and in alleviating world poverty, will improve the chances of a smooth and peaceful evolution of the global system.”

President Jimmy Carter appointed 26 former Commission members to senior positions in his Administration. Later it was revealed that Carter himself was a former Trilateral member.
Active or former members of the Trilateral Commission now head every key agency involved in mapping U.S. strategy for dealing with the rest of the world.”

Among them: George Soros, Chairman, Soros Fund Management LLC, New York, NY; Chairman, The Open Society Institute and John D. Rockefeller IV, Member (D-WV), U.S. Senate