Tag Archives: world bank

Offer “no strings” Aid to Developing World: Xi to Rich Nations

April 22, 2015, 6:27 am

At the opening of the Africa-Asia Summit, Chinese President Xi Jinping on Wednesday urged rich countries to help the developing world with no political strings attached and fulfill their aid commitments.

Continue reading Offer “no strings” Aid to Developing World: Xi to Rich Nations

World Bank-Funded Projects Fueling Land Grabs, Displacement of Global Poor

When the World Bank lends a country a loan it doesn’t mean that that country receives actual funding for a project. Part of the agreement is for the Bank to choose its own pre-selected foreign controlled companies to handle the project, i.e. project management, which are mostly shell corporations of the owner of the Bank itself.

Continue reading World Bank-Funded Projects Fueling Land Grabs, Displacement of Global Poor

Stampede to Join China’s Development Bank Stuns Even Its Founder

As of 2 April 2015, there are 33 Prospective Founding Members (PFM)[22][23] and 22 countries and regions applying for PFM. As one of the countries and regions currently applying for PFM, Hong Kong joins the delegation of China in the negotiations.[24]

Continue reading Stampede to Join China’s Development Bank Stuns Even Its Founder

U.S. / World Bank About to Make “Gigantic Concessions” with BRICS

Mainstream pundits really have to use keywords standard to mainstream audience. We, who are following these events, know that the West really has no other choice but to go along with the East this time around because the threat of war no longer works.

Continue reading U.S. / World Bank About to Make “Gigantic Concessions” with BRICS

Washington Blinks; Seeks Partnership With BRICS’ World Bank

Don’t look now, but Washington just blinked.

As we’ve documented exhaustively over the past week, pressure has been building steadily for the US to strike some manner of conciliatory tone towards China with regard to the Asian Infrastructure Investment Bank, a China-led institution aimed at rivaling the US/Japan-backed ADB. Britain’s decision to join China in its new endeavor has prompted a number of Western nations to throw their support behind the bank ahead of the March 31 deadline for membership application.

Continue reading Washington Blinks; Seeks Partnership With BRICS’ World Bank

It’s Official: Switzerland, Luxembourg Joining BRICS’ Bank

Despite negative noises from the US, Switzerland and Luxembourg have become the latest European nations to apply to join the Beijing-led Asian Infrastructure Investment Bank (AIIB), the Chinese Finance Ministry announced.

Continue reading It’s Official: Switzerland, Luxembourg Joining BRICS’ Bank

Australia Joining BRICS’ World Bank; Japan Considering

Japan is now entertaining the idea of joining the China-led World Bank 2.0, while Australia, with its well established economic cooperation with China, is already showing positive signs since its mother corporation, i,e, United Kingdom, has already decided to join in.

Continue reading Australia Joining BRICS’ World Bank; Japan Considering

U.S. Losing Grip on IMF / World Bank as ‘Policy Instrument”

The United States has been using its clout at the IMF and World Bank to influence internal policies of its “allies”.

Those who are controlling the USA, Inc. have to confront the reality that they are about to say goodbye to the good ol’ happy days as countries around the globe are reasserting their lost sovereignty.

Continue reading U.S. Losing Grip on IMF / World Bank as ‘Policy Instrument”

EU Joins BRICS in Defiance to U.S.; South Korea, Luxemburg, Switzerland Coming

The new China-led Asian investment bank, a potential rival to institutions such as the Asian Development Bank and the World Bank, has enlisted more US allies as members after Britain decided to join last week.

Continue reading EU Joins BRICS in Defiance to U.S.; South Korea, Luxemburg, Switzerland Coming

China-led new Bank challenges Japanese, US’ influence

October 26, 2014, 5:12 am

Emerging economic powers such as China, India and Brazil have long been demanding greater share of votes in multilateral development institutions like the World Bank, International Monetary Fund and the Asian Development Bank to reflect their recent phenomenal growth. China’s economy is expected to grow to $10 trillion this year, yet its share of votes in the Bretton Woods institutions is only 3.72 percent, compared with 17.4 percent for the United States.
Continue reading China-led new Bank challenges Japanese, US’ influence

China Slaps World Bank

For doing a sloppy job, China just slap the World Bank with its own development bank separate from the BRICS itself.

It’s initial project is to  revive the centuries old Silk Road… However my country’s corporate government, being a complete whore and fully submissive to Washington, keeps on asserting its imagined sovereignty over territories it does not own, for it owns nothing and never has the right to exist in the first place.

Continue reading China Slaps World Bank

THE FED FRAUD

From the Keenan Group…

THE KEENAN TEAM REPORTS: THE FED FRAUD | The European-Controlled Creature That’s Bled Us for 100 Years

Posted on January 9, 2014

By THE KEENAN TEAM
January 9, 2014

Knowledge is indeed power.  Neil Keenan and his team bring the truth to the people who have long been denied their right to know how our government has allowed the Federal Reserve Bank (the FED), a European-controlled private corporation, to ransack this country for the past 100 years in the biggest fraud this world has ever seen.  Rob us blind for 100 years, shame on them; rob us blind for the next 100 years, and shame on us for remaining blissfully ignorant and allowing this monstrosity to ruin our country.

 In 1932 the brilliant, courageous, patriotic Chairman of the Banking and Currency Committee, Congressman Louis T. McFadden, was American’s first, most informed, and most eloquent anti-FED champion.  His crusade, from the floor well of the U.S. House of Representatives, outlined below, is particularly “sacred” because McFadden paid for his brave efforts to expose this FED fraud with his life: he was assassinated.

Image

As never before exposed to the world at large, these excerpts from McFadden’s audacious speeches from the United States House of Representative floor well, recited from the U.S. Congressional Record of 1934, clearly detail how the FED has masterminded the death of what our founding fathers envisioned for America.  With the passage of the Federal Reserve Act on December 23, 1913, McFadden reveals how our government officially ceased being by-the-people and for-the-people and became wholly under the control of the Federal Reserve Board and their foreign European overlords.

Don’t believe it?  Then read on, and the outrageous truth will be understood: We The People’s hard-earned liberty and prosperity without restraint have been handed over by the FED to foreign bankers and their agents, generation after generation, to the exclusive benefit of the Globalists and their hellish agenda.  All the while, the truth has remained hidden, quietly submerged in so many unread pages of the Congressional Record — and not a word breathed of this tragedy in the last 100 years by America’s multi-national corporate-owned press.

McFadden told Congress:  “They [the FED] have been peddling the credit of this Government to the swindlers and speculators of all nations.  This is what happens when a country forsakes its Constitution and gives its sovereignty over the public currency to private interests.  Give them the flag and they will sell it.” President Woodrow Wilson who signed the Federal Reserve Act into law lamented  in his diary that by doing so, “I have unwittingly ruined my country.”

Although McFadden’s words were documented in the early 1930s, they accurately and tragically describe the state of America today, but with the inevitability that our conditions have grown to be far worse than even he has imagined.  Over the years much has been claimed about the lawlessness of the FED, however, once it is understood how this “crime train” got started, it takes little imagination to realize the ever-growing, ever-expanding methods that the FED employs to perpetuate their rape and pillage of America’s freedoms and finances.

In 1932 McFadden boldly called for an audit of the FED.  Over eighty years later, even with Ron Paul’s efforts, the FED has still never been audited for one penny they have illegally siphoned from the America people’s reserves.  Trillions of “bail-out” dollars that the FED doled out in the FED-caused crash of 2008 were given to foreign banks.  Why would ”our” FED give American bail-out money to foreign banks?  McFadden provides the answer to this question, as well as why the American people have suffered so severely and have been deprived of their rightful inheritance of wealth for which you, your parents, and your parents’ parents, labored so very long and hard.

Having served as Chairman of the Banking and Currency Committee for more than ten years, McFadden was uniquely knowledgeable when he cited specific examples and figures of the American wealth the FED was shipping out of our country.  Passed by a law from an empty chamber on the night before Christmas Eve, 1913, and with the regretful support of a naive President, the FED grew quickly to control a large portion of the world’s gold by the early 1930s.  There can be no question that the FED knew they were omnipotent and unstoppable to export whatever they wished of American wealth, whenever they wanted, to whomever they willed.

The FED has not made public the actual import and export figures of gold since 1941, however, based on their nefarious method of operation from the beginning, the figures that they previously made available were not based on reality.  McFadden blew the whistle right in the U.S. House floor well on regular European shipments of the American people’s gold in tranches to the tune of $1.3 billion (1932) dollars worth per quarter.  Yet the FED makes no accounting of this in their half-baked books, and quickly stopped making these books publicly available at all.

It is an understatement to say that McFadden’s words should be read by every American and taken to heart and mind, in spite of the fact that it will provide no comfort in knowing the truth,  no comfort in the anger and horror of learning the cold hard facts of what the arch-criminal FED has done to this country from the very first days of its diabolical inception.  Indisputable proof that McFadden spoke the truth is found in the heartbreaking fact that after two assassination attempts, one by gunshot and the other by poison, he died suddenly and inexplicably of “heart failure” in 1936.

Now The Keenan Team, in the proud tradition of our dear patriot Congressman McFadden, reveals what few know, and nobody else will come forward to say about today’s FED mis-dealings:

  1. THE FED IS CURRENTLY WORKING TO MISAPPROPRIATE INTEREST ON THE GLOBAL ACCOUNTS IN AN ATTEMPT TO SHORE UP THEIR CORRUPTION AND MALFEASANCE OF THEIR GOVERNANCE OF THEIR GLOBALIST ECONOMY.
  1. THE FED HAS CEASED TO BE AN INDEPENDENT AGENCY AND NOW OPERATES UNDER THE AUSPICES OF THE UNITED STATES CORPORATION, DEPARTMENT OF THE TREASURY.

On May 12, 1933 Congressman McFadden brought a petition for the Articles of Impeachment against the Board of Governors of the Federal Reserve Bank, The Comptroller of the Currency, and the Secretary of the United States Treasury for treason, fraud, unlawful conversion, and conspiracy.  These Articles of Impeachment were referred to the United States House Judiciary Committee, where they still remain in limbo.  The time has come to dust off these Articles of Impeachment, update their names, convict these traitors, and proceed to the gallows where the entire lot belongs.

THE KEENAN TEAM

copyright © 2014 Neil Keenan

_____________________________________


Chairman of the Banking and Currency Committee

Congressman McFadden

on the Federal Reserve Corporation

excerpts from the United States Congressional Record, 1934

The Federal Reserve -A Corrupt Institution

“Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation’s debt. The depredations and iniquities of the Fed have cost enough money to pay the National debt several times over.

“This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.

“Some people who think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.

“These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions. Those bankers took money out of this Country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money in order to help that war along. They instigated the separate peace between Germany and Russia, and thus drove a wedge between the allies in World War. They financed Trotsky’s passage from New York to Russia so that he might assist in the destruction of the Russian Empire. They fomented and instigated the Russian Revolution, and placed a large fund of American dollars at Trotsky’s disposal in one of their branch banks in Sweden so that through him Russian homes might be thoroughly broken up and Russian children flung far and wide from their natural protectors. They have since begun breaking up of American homes and the dispersal of American children.  Mr. Chairman, there should be no partisanship in matters concerning banking and currency affairs in this Country, and I do not speak with any.

“In 1912 the National Monetary Association, under the chairmanship of the late Senator Nelson W. Aldrich, made a report and presented a vicious bill called the National Reserve Association bill. This bill is usually spoken of as the Aldrich bill. Senator Aldrich did not write the Aldrich bill. He was the tool, if not the accomplice, of the European bankers who for nearly twenty years had been scheming to set up a central bank in this Country and who in 1912 has spent and were continuing to spend vast sums of money to accomplish their purpose.

“We were opposed to the Aldrich plan for a central bank. The men who rule the Democratic Party then promised the people that if they were returned to power there would be no central bank established here while they held the reins of government. Thirteen months later that promise was broken, and the Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Colonel House, established here in our free Country the worm-eaten monarchical institution of the “King’s Bank” to control us from the top downward, and from the cradle to the grave.

“The Federal Reserve Bank destroyed our old and characteristic way of doing business. It discriminated against our 1-name commercial paper, the finest in the world, and it set up the antiquated 2-name paper, which is the present curse of this Country and which wrecked every country which has ever given it scope; it fastened down upon the Country the very tyranny from which the framers of the Constitution sought to save us.

President Jackson’s Time

“One of the greatest battles for the preservation of this Republic was fought out here in Jackson’s time; when the second Bank of the United States, founded on the same false principles of those which are here exemplified in the Fed was hurled out of existence. After that, in 1837, the Country was warned against the dangers that might ensue if the predatory interests after being cast out should come back in disguise and unite themselves to the Executive and through him acquire control of the Government. That is what the predatory interests did when they came back in the livery of hypocrisy and under false pretenses obtained the passage of the Federal Reserve Act.

“The danger that the Country was warned against came upon us and is shown in the long train of horrors attendant upon the affairs of the traitorous and dishonest Fed. Look around you when you leave this Chamber and you will see evidences of it in all sides. This is an era of misery and for the conditions that caused that misery, the Fed are fully liable. This is an era of financed crime and in the financing of crime the Fed does not play the part of a disinterested spectator.

“It has been said that the draughts man who was employed to write the text of the Aldrich bill because that had been drawn up by lawyers, by acceptance bankers of European origin in New York. It was a copy, in general a translation of the statues of the Reichsbank and other European central banks. One-half million dollars was spent on the part of the propaganda organized by these bankers for the purpose of misleading public opinion and giving Congress the impression that there was an overwhelming popular demand for it and the kind of currency that goes with it, namely, an asset currency based on human debts and obligations. Dr. H. Parker Willis had been employed by Wall Street and propagandists, and when the Aldrich measure failed- he obtained employment with Carter Glass, to assist in drawing the banking bill for the Wilson administration. He appropriated the text of the Aldrich bill. There is no secret about it. The text of the Federal Reserve Act was tainted from the beginning.

Not all of the Democratic Members of the Sixty-third Congress voted for this great deception.  Some of them remembered the teachings of Jefferson; and through the years, there have been no criticisms of the Federal Reserve Board and the Federal reserve banks so honest, so out-spoken, and so unsparing as those which have been voiced here by Democrats.  Again, although a number of Republicans voted for the Federal Reserve act, the wisest and most conservative members of the Republican Party would have nothing to do with it and voted against it.

“A few days before the bill came to a vote, Senator Henry Cabot Lodge, of Massachusetts, wrote to Senator John W. Weeks as follows:

New York City, December 17, 1913

My Dear Senator Weeks:

“‘Throughout my public life I have supported all measures designed to take the Government out of the banking business. This bill puts the Government into the banking business as never before in our history and makes, as I understand it, all notes Government notes when they should be bank notes.

The powers vested in the Federal Reserve Board seen to me highly dangerous especially where there is political control of the Board.  I should be sorry to hold stock in a bank subject to such dominations. The bill as it stands seems to me to open the way to a vast inflation of the currency.

I will merely add that I do not like to think that any law can be passed which will make it possible to submerge the gold standard in a flood of irredeemable paper currency.

I had hoped to support this bill, but I cannot vote for it because it seems to me to contain features and to rest upon principles in the highest degree menacing to our prosperity, to stability in business, and to the general welfare of the people of the United States.

Very Truly Yours,

Henry Cabot Lodge.

“In eighteen years that have passed since Senator Lodge wrote that letter of warning all of his predictions have come true. The Government is in the banking business as never before. Against its will it has been made the backer of horse thieves and card sharps, bootlegger’s smugglers, speculators, and swindlers in all parts of the world. Through the Fed the riffraff of every country is operating on the public credit of the United States Government.

The Great Depression

“Meanwhile and on account of it, we ourselves are in the midst of the greatest depression we have ever known. From the Atlantic to the Pacific, our Country has been ravaged and laid waste by the evil practices of the Fed and the interests which control them. At no time in our history, has the general welfare of the people been at a lower level or the minds of the people so full of despair.

“Recently in one of our States, 60,000 dwelling houses and farms were brought under the hammer in a single day. 71,000 houses and farms in Oakland County, Michigan, were sold and their erstwhile owners dispossessed. The people who have thus been driven out are the wastage of the Fed. They are the victims of the Fed. Their children are the new slaves of the auction blocks in the revival of the institution of human slavery.

The Scheme of the Fed

“In 1913, before the Senate Banking and Currency Committee, Mr. Alexander Lassen made the following statement: “The whole scheme of the Fed with its commercial paper is an impractical, cumbersome machinery- is simply a cover to secure the privilege of issuing money, and to evade payment of as much tax upon circulation as possible and then control the issue and maintain, instead of reducing interest rates. It will prove to the advantage of the few and the detriment of the people. It will mean continued shortage of actual money and further extension of credits, for when there is a shortage of money people have to borrow to their cost.’ “A few days before the Fed passed, Senator Root denounced the Fed as an outrage on our liberties. He predicted: ‘Long before we wake up from our dream of prosperity through an inflated currency, our gold- which alone could have kept us from catastrophe- will have vanished and no rate of interest will tempt it to return.’

“If ever a prophecy came true, that one did.

“The Federal Reserve bill became law the day before Christmas Eve, in the year 1913, and shortly afterwards, the German International bankers, Kuhn, Loeb and Co. sent one of their partners here to run it.

“The Fed Note is essentially unsound. It is the worst currency and the most dangerous that this Country has ever known. When the proponents of the act saw that the Democratic doctrine would not permit them to let the proposed banks issue the new currency as bank notes, they should have stopped at that. They should not have foisted that kind of currency, namely, an asset currency, on the United States Government. They should not have made the Government [liable on the private] debts of individuals and corporations, and, least of all, on the private debts of foreigners.  As Kemerer says: ‘The Fed Notes, therefore, in form, have some of the qualities of Government paper money, but in substance, are almost a pure asset currency possessing a Government guarantee against which contingency the Government has made no provision whatever.’

“Hon. L.J.Hill, a former member of the House, said, and truly: “They are obligations of the Government for which the United States received nothing and for the payment of which at any time, it assumes the responsibility: looking to the Fed to recoup itself.’

“If this United States is to redeem the Fed Notes, when the General Public finds it costs to deliver this paper to the Fed, and if the Government has made no provisions for redeeming them, the first element of unsoundness is not far to seek.

“Before the Banking and Currency Committee, when the bill was under discussion Mr. Crozier of Cincinnati said: ‘The imperial power of elasticity of the public currency is wielded exclusively by the central corporations owned by the banks. This is a life and death power over all local banks and all business. It can be used to create or destroy prosperity, to ward off or cause stringencies and panics. By making money artificially scarce, interest rates throughout the Country can be arbitrarily raised and the bank tax on all business and cost of living increased for the profit of the banks owning these regional central banks, and without the slightest benefit to the people. The 12 Corporations together cover the whole country and monopolize and use for private gain every dollar of the public currency and all public revenue of the United States. Not a dollar can be put into circulation among the people by their Government, without the consent of and on terms fixed by these 12 private money trusts.’

“In defiance of this and all other warnings, the proponents of the Fed created the 12 private credit corporations and gave them an absolute monopoly of the currency of these United States- not of the Fed Notes alone- but of all other currency! The Fed Act providing ways and means by which the gold and general currency in the hands of the American people could be obtained by the Fed in exchange for Fed Notes- which are not money- but mere promises to pay.

“Since the evil day when this was done, the initial monopoly has been extended by vicious amendments to the Fed and by the unlawful and treasonable practices of the Fed.

Money for the Scottish Distillers

“Mr. Chairman, if a Scottish distiller wishes to send a cargo of Scotch whiskey to these United States, he can draw his bill against the purchasing bootlegger in dollars and after the bootlegger has accepted it by writing his name across the face of it, the Scotch distiller can send that bill to the nefarious open discount market in New York City where the Fed will buy it and use it as collateral for a new issue of Fed Notes. Thus the Government of these United States pays the Scotch distiller for the whiskey before it is shipped, and if it is lost on the way, or if the Coast Guard seizes it and destroys it, the Fed simply write off the loss and the government never recovers the money that was paid to the Scotch distiller.

“While we are attempting to enforce prohibition here, the Fed are in the distillery business in Europe and paying bootlegger bills with public credit of these United States.  Mr. Chairman, by the same process, they compel our Government to pay the German brewer for his beer. Why should the Fed be permitted to finance the brewing industry in Germany either in this way or as they do by compelling small and fearful United States Banks to take stock in the Isenbeck Brewery and in the German Bank for brewing industries? “Mr. Chairman, if Dynamit Nobel of Germany, wishes to sell dynamite in Japan to use in Manchuria or elsewhere, it can drew its bill against the Japanese customers in dollars and send that bill to the nefarious open discount market in New York City where the Fed will buy it and use it as collateral for a new issue of Fed Notes- while at the same time the Fed will be helping Dynamit Nobel by stuffing its stock into the United States banking system.

“Why should we send our representatives to the disarmament conference at Geneva   while the Fed is making our Government pay Japanese debts to German Munitions makers?

“Mr. Chairman, if a German wishes to raise a crop of beans and sell them to a Japanese customer, he can draw a bill against his prospective Japanese customer in dollars and have it purchased by the Fed and get the money out of this Country at the expense of the American people before he has even planted the beans in the ground.  Mr. Chairman, if a German in Germany wishes to export goods to South America, or any other Country, he can draw his bill against his customers and send it to these United States and get the money out of this Country before he ships, or even manufactures the goods.

“Mr. Chairman, why should the currency of these United States be issued on the strength of German Beer? Why should it be issued on the crop of unplanted beans to be grown in Chili for Japanese consumption? Why should these United States be compelled to issue many billions of dollars every year to pay the debts of one foreigner to another foreigner?  Was it for this that our National Bank depositors had their money taken out of our banks and shipped abroad? Was it for this that they had to lose it? Why should the public credit of these United States and likewise money belonging to our National Bank depositors be used to support foreign brewers, narcotic drug vendors, whiskey distillers, wig makes, human hair merchants, Chilean bean growers, to finance the munition factories of Germany and Soviet Russia?

The United States Has Been Ransacked

“The United States has been ransacked and pillaged. Our structures have been gutted and only the walls are left standing. While being perpetrated, everything the world would rake up to sell us was brought in here at our expense by the Fed until our markets were swamped with unneeded and unwanted imported goods priced far above their value and make to equal the dollar volume of our honest exports, and to kill or reduce our favorite balance of trade. As Agents of the foreign central banks the Fed try by every means in their power to reduce our favorable balance of trade. They act for their foreign principal and they accept fees from foreigners for acting against the best interests of these United States. Naturally there has been great competition among among foreigners for the favors of the Fed.

“What we need to do is to send the reserves of our National Banks home to the people who earned and produced them and who still own them and to the banks which were compelled to surrender them to predatory interests.

“Mr. Chairman, there is nothing like the Fed pool of confiscated bank deposits in the world. It is a public trough of American wealth in which the foreigners claim rights, equal to or greater than Americans. The Fed are the agents of the foreign central banks. They use our bank depositors’ money for the benefit of their foreign principals. They barter the public credit of the United States Government and hire it out to foreigners at a profit to themselves.

“All this is done at the expense of the United States Government, and at a sickening loss to the American people. Only our great wealth enabled us to stand the drain of it as long as we did.

“We need to destroy the Fed wherein our national reserves are impounded for the benefit of the foreigners.  We need to save America for Americans.

Spurious Securities

“Mr. Chairman, when you hold a $10.00 Fed Note in your hand, you are holding a piece of paper which sooner or later is going to cost the United States Government $10.00 in gold (unless the Government is obliged to go off the gold standard). It is based on limburger cheese (reported to be in foreign warehouses) or in cans purported to contain peas (but may contain salt water instead), or horse meat, illicit drugs, bootleggers fancies, rags and bones from Soviet Russia (of which these United States imported over a million dollars worth last year), on wines whiskey, natural gas, goat and dog fur, garlic on the string, and Bombay ducks.

“If you like to have paper money- which is secured by such commodities- you have it in Fed Note. If you desire to obtain the thing of value upon which this paper currency is based, that is, the limburger cheese, the whiskey, the illicit drugs, or any of the other staples, you will have a very hard time finding them.

“Many of these worshipful commodities are in foreign Countries. Are you going to Germany to inspect her warehouses to see if the specified things of value are there? I think more, I do not think that you would find them there if you did go.

“Immense sums belonging to our national-bank depositors have been given to Germany on no collateral security whatever.  The Federal Reserve Board and the Federal reserve banks have issued United states currency on mere finance drafts drawn by Germans.  Billions upon billions of our money has been pumped into Germany and money is still being pumped into Germany by the Federal Reserve Board and the Federal reserve banks.  Here worthless paper is still being negotiated here and renewed here on the public credit of the United States Government and at the expense of the American people.

“On April 27, 1932, the Fed outfit sent $750,000 belonging to American bank depositors in gold to Germany. A week later another $300,000 in gold was shipped to Germany. About the middle of May $12,000,000 in gold was shipped to Germany by the Fed. Almost every week there is a shipment of gold to Germany. These shipments are not made for profit on the exchange since the German marks are below parity with the dollar.

“Mr. Chairman, I believe that the National-bank depositors of these United States are entitled to know what the Federal Reserve banks are doing with their money. There are millions of National Bank depositors in the Country who do not know that a percentage of every dollar they deposit in a Member Bank of the Fed goes automatically to American Agents of the foreign banks and that all their deposits can be paid away to foreigners without their knowledge or consent by the crooked machinery of the Fed and the questionable practices of the Fed.

“Mr. Chairman, the American people should be told the truth by their servants in office. In 1930, we had over a half billion dollars outstanding daily to finance foreign goods stored in or shipped between several billion dollars. What goods are these on which the Fed yearly pledge several billions of dollars. In its yearly total, this item amounts to several billions of dollars of the public credit of these United States?

“What goods are those which are hidden in European and Asiatic stores have not been seen by any officer of our Government but which are being financed on the public credit of the United States Government? What goods are those upon which the United States Government is being obligated by the Fed to issue Fed Notes to the extent of several billions of dollars a year?

The Bankers’ Acceptance Racket

“The Federal Reserve banks have been International Banks from the beginning, with these United States as their enforced banker and supplier of currency. But it is none the less extraordinary to see these twelve private credit monopolies, buying the debts of foreigners against foreigners, in all parts of the world and asking the Government of these United States for new issues of Fed notes in exchange for them.

“I see no reason why the American taxpayers should be hewers of wood and drawers of water for the European and Asiatic customers of the Federal Reserve banks.  I see no reason why a worthless acceptance drawn by a foreign swindler as a means of getting gold out of this country should receive the lowest and choicest rate from the Federal Reserve Board and be treated as better security than the note of an American farmer living on American land.

“The magnitude of the acceptance racket as it has been developed by the Fed, their foreign correspondents, and the predatory European born bankers, who set up the Fed here and taught your own, by and of pirates, how to loot the people: I say the magnitude of this racket is estimated to be in the neighborhood of 9,000,000,000 per year. In the past ten years it is said to have amounted to $90,000,000,000.00. In my opinion it has amounted to several times that much.  Coupled to this you have to the extent of billions of dollars, the gambling in the United States securities, which takes place in the same open discount market- a gambling on which the Fed is now spending $100,000,000.00 per week.

“Fed Notes are taken from the U.S. Government in unlimited quantities.  Is it strange that the burden of supplying these immense sums of money to the gambling fraternity has at last proved too heavy for the American people to endure? Would it not be a national calamity to again bind down this burden on the backs of the American people and by means of a long rawhide whip of the credit masters, compel them to enter another seventeen years of slavery?

“They are trying to do that now. They are trying to take $100,000,000.00 of the public credit of the United States every week, in addition to all their other seizures and they are sending that money to the nefarious open market in a desperate gamble to reestablish their graft as a going concern.

“They are putting the United States Government in debt to the extent of $100,000,000 a week, and with the money they are buying our Government securities for themselves and their foreign principals. Our people are disgusted with the experiences of the Fed. The Fed is not producing a loaf of bread, a yard of cloth, a bushel of corn, or a pile of cordwood by its check-kiting operations in the money market.

“Mr. Speaker, on the 13th of January of this year I addressed the House on the subject of the Reconstruction Finance Corporation [R.F.C].  In the course of my remarks I made the following statement:  In 1928 the member banks of the Fed borrowed $60,598,690,000 from the Fed on their fifteen-day promissory notes. Think of it.  Sixty billion dollars payable on demand in gold in the course of one single year. The actual amount of such obligations called for six times as much monetary gold as there is in the world. Such transactions represent a grant in the course of one single years of about $7,000,000 to every member of the Fed.

“Is it any wonder that American labor which ultimately pays the cost of all banking operations of this Country has at last proved unequal to the task of supplying this huge total of cash and credit for the benefit of the stock market manipulators and foreign swindlers?  In 1933 the Fed presented the staggering amount of $60,598,690,000 to its member banks at the expense of the wage earners and tax payers of these United States. In 1929, the year of the stock market crash, the Fed advanced $58,000,000,000 to member banks.

“In 1930 while the speculating banks were getting out of the stock market at the expense of the general public, the Fed advanced them $13,022,782,000. This shows that when the banks were gambling on the public credit of these United States as represented by the Fed currency they were subsidized to any amount they required by the Fed. When the swindle began to fall, the bankers knew it in advance and withdrew from the market. They got out with whole skins   and left the people of these United States to pay the piper.  My friend from Kansas, Mr. McGugin, has stated that he thought the Fed lent money on rediscounting. So they do, but they lend comparatively little that way. The real discounting that they do has been called a mere penny in the slot business. It is too slow for genuine high flyers. They discourage it. They prefer to subsidize their favorite banks by making them $60,000,000,000 advances and they prefer to acquire assistance in the notorious open discount market in New York, where they can use it to control the price of stocks and bonds on the exchanges.

“For every dollar they advanced on discounts in 1928, they lent $33.00 to their favorite banks for whom they do a business of several billion dollars income tax on their profits to these United States.

The John Law Swindle

“This is the John Law swindle over again. The theft of Teapot Dome was trifling compared to it. What King ever robbed his subject to such an extent as the Fed has robbed us? Is it any wonder that there have been lately ninety cases of starvation in one of the New York hospitals? Is there any wonder that the children are being abandoned?

“The government and the people of these United States have been swindled by swindlers deluxe to whom the acquisition of American or a parcel of Fed Notes presented no more difficulty than the drawing up of a worthless acceptance in a Country not subject to the laws of these United States, by sharpers not subject to the jurisdiction of these United States, sharpers with strong banking “fence” on this side of the water, a “fence” acting as a receiver of a worthless paper coming from abroad, endorsing it and getting the currency out of the Fed for it as quickly as possible exchanging that currency for gold and in turn transmitting the gold to its foreign confederates.

Ivar Kreuger, the Match King

“Such were the exploits of Ivar Krueger, Mr. Hoover’s friend, and his rotten Wall Street bakers. Every dollar of the billions Kreuger and his gang drew out of this Country on acceptances was drawn from the government and the people of the United States through the Fed. The credit of the United States Government was peddled to him by the Fed for their own private gain. That is what the Fed has been doing for many years.

“They have been peddling the credit of this Government and the signature of this Government to the swindlers and speculators of all nations. That is what happens when a Country forsakes its Constitution and gives its sovereignty over the public currency to private interests. Give them the flag and they will sell it.

“The nature of Kreuger’s organized swindle and the bankrupt condition of Kreuger’s combine was known here last June when Hoover sought to exempt Krueger’s loan to Germany of $125,000,000 from the operation of the Hoover Moratorium. The bankrupt condition of Krueger’s swindle was known her last summer when $30,000,000 was taken from the American taxpayers by certain bankers in New York for the ostensible purpose of permitting Krueger to make a loan to Colombia. Colombia never saw that money.

“The nature of Krueger’s swindle was known here in January when he visited his friend, Mr. Hoover, at the White House. It was known here in March before he went to Paris and committed suicide.

“Mr. Chairman, I think the people of the United States are entitled to know how many billions of dollars were placed at the disposal of Krueger and his gigantic combine by the Fed, and to know how much of our Government currency was issued and lost in the financing of that great swindle in the years during which the Fed took care of Krueger’s requirements.

“A few days ago, the President of the United States with a white face and shaking hands, went before the Senate of behalf of the moneyed interests and asked the Senate to levy a tax on the people so that foreigners might know that these United States would pay its debt to them.

“Most Americans thought it was the other way around. What does these United States owe foreigners? When and by whom was the debt incurred? It was incurred by the Fed, when they peddled the signature of the Government to foreigners- for a Price. It is what the United States Government has to pay to redeem the obligations of the Fed.

Thieves Go Scot-Free

“Are you going to let these thieves get off scot free?  Is there one law for the looter who drives up to the door of the United States Treasury in his limousine and another for the United States Veterans who are sleeping on the floor of a dilapidated house on the outskirts of Washington?

“The Baltimore and Ohio Railroad is here asking for a large loan from the people, and the wage earners and the taxpayers of these United States. It is begging for a handout from the Government. It is standing, cap in hand, at the door of the R.F.C. where all the jackals have gathered to the feast. It is asking for money that was raised from the people by taxation and wants this money of the poor for the benefit of Kuhn, Loeb and Co., the German International Bankers.

“Is there one law for the Baltimore and Ohio Railroad and another for the hungry veterans it threw off its freight cars the other day? Is there one law for sleek and prosperous swindlers who call themselves bankers and another law for the soldiers who defended the flag?  The R.F.C. is taking over these worthless securities from the Investment Trusts with United States Treasury money at the expense of the American taxpayer and the wage earner.

“It will take twenty years to redeem our Government. Twenty years of penal servitude to pay off the gambling debts of the traitorous Fed and to vast flood of American wages and savings, bank deposits, and the United States Government credit which the Fed exported out of this country to their foreign principals.

“The Fed lately conducted an anti-hoarding campaign here. They took that extra money which they had persuaded the American people to put into the banks- they sent it to Europe- along with the rest. In the last several months, they have sent $1,300,000,000 in gold to their foreign employers, their foreign masters, and every dollar of that gold belonged to the people of these United States and was unlawfully taken from them.

Fiat Money

“Mr. Chairman, within the limits of the time allowed me, I cannot enter into a particularized discussion of the Fed. I have singled out the Fed currency for a few remarks because there has lately been some talk here of “fiat money.” What kind of money is being pumped into the open discount market and through it into foreign channels and stock exchanges?  Mr. Mills of the Treasury has spoken here of his horror of the printing presses and his horror of dishonest money. He has no horror of dishonest money. If he had, he would be no party to the present gambling of the Fed in the nefarious open discount market of New York, a market in which the sellers are represented by 10 discount corporations owned and organized by the very banks which own and control the Fed.

“Fiat money, indeed!

“What Mr. Mills is fighting for is the preservation, whole and entire, of the banker’s monopoly of all the currency of the United States Government.

“Mr. Chairman, last December, I introduced a resolution here asking for an examination and an audit of the Fed and all related matters. If the House sees fit to make such an investigation, the people of these United States will obtain information of great value. This is a Government of the people, by the people, for the people. Consequently, nothing should be concealed from the people. The man who deceives the people is a traitor to these United States.

“The man who knows or suspects that a crime has been committed and who conceals and covers up that crime is an accessory to it. Mr. Speaker, it is a monstrous thing for this great nation of people to have its destinies presided over by a traitorous government board acting in secret concert with international usurers.

“Every effort has been made by the Fed to conceal its powers- but the truth is- the Fed has usurped the Government. It controls everything here and it controls all of our foreign relations. It makes and breaks governments at will.

“No man and no body of men is more entrenched in power than the arrogant credit monopoly which operated the Federal Reserve Board and the Federal reserve banks. These evil-doers have robbed this country of more than enough money to pay the national debt.

“What the National Government has permitted the Fed to steal from the people should now be restored to the people. The people have a valid claim against the Fed. If that claim is enforced the Americans will not need to stand in the bread line, or to suffer and die of starvation in the streets. Women will be saved, families will be kept together, and American children will not be dispersed and abandoned.

“The Fed owes the United States Government an immense sum of money.  We ought to find out the exact amount of the peoples’ claim.  We should know the amount of the indebtedness of the Fed to the people and we should collect that amount immediately.  We certainly should investigate this treacherous and disloyal conduct of the Fed.

“Here is a Fed Note. Immense numbers of the notes are now held abroad.  I am told that they amount to upwards of a billion dollars. They constitute a claim against our Government and likewise a claim against our peoples’ money to the extent of $1,300,000,000 which has within the last few months been shipped abroad to redeem Fed Notes and to pay other gambling debts of the traitorous Fed. The greater part of our money stock has been shipped to foreigners.

“Why should we promise to pay the debts of foreigners to foreigners?  Why should American farmers and wage earners add millions of foreigners to the number of their dependents? Why should the Fed be permitted to finance our competitors in all parts of the world? Do you know why the tariff was raised? It was raised to shut out the flood of Fed Goods pouring in here from every quarter of the globe- cheap goods, produced by cheaply paid foreign labor, on unlimited supplies of money and credit sent out of this Country by the dishonest and unscrupulous Fed.

“Go out in Washington to buy an electric light bulb and you will probably be offered one that was made in Japan on American money.  Go out and buy a pair of fabric gloves and inconspicuously written on the inside of the gloves that will offered to you will be found the words “made in Germany” and that means “made on the public credit of the United States Government paid to German firms in American gold taken from the confiscated bank deposits of the American people.

“The Fed are spending $100,000,000 a week buying government securities in the open market and are making a great bid for foreign business. They are trying to make rates so attractive that the human hair merchants and the distillers and other business entities in foreign land will come here and hire more of the public credit of the United States Government to pay the Fed outfit for getting it for them.

World Enslavement Planned

“Mr. Chairman, when the Fed was passed, the people of these United States did not perceive that a world system was being set up here which would make the savings of the American school teacher available to a narcotic-drug vendor in Acapulco. They did not perceive that these United States was to be lowered to the position of a coolie country which has nothing but raw material and heart, that Russia was destined to supply the man power and that this country was to supply the financial power to an “international superstate”.  A superstate controlled by international bankers, and international industrialists acting together to enslave the world for their own pleasure?

“The people of these United States are being greatly wronged. They have been driven from their employments. They have been dispossessed from their homes. They have been evicted from their rented quarters. They have lost their children. They have been left to suffer and die for lack of shelter, food, clothing and medicine.

“The wealth of these United States and the working capital have been taken away from them and has either been locked in the vaults of certain banks and the great corporations or exported to foreign countries for the benefit of the foreign customers of these banks and corporations. So far as the people of the United States are concerned, the cupboard is bare.

“It is true that the warehouses and coal yards and grain elevators are full, but these are padlocked, and the great banks and corporations hold the keys.

“The sack of these United States by the Fed is the greatest crime in history.

“Mr. Chairman, a serious situation confronts the House of Representatives today. We are trustees of the people and the rights of the people are being taken away from them. Through the Fed the people are losing the rights guaranteed to them by the Constitution. Their property has been taken from them without due process of law. Mr. Chairman, common decency requires us to examine the public accounts of the Government and see what crimes against the public welfare have been committed.

“What is needed here is a return to the Constitution of these United States.

“The old struggle that was fought out here in Jackson’s time must be fought our over again. The independent United States Treasury should be reestablished and the Government should keep its own money under lock and key in the building the people provided for that purpose.

“Asset currency, the devise of the swindler, should be done away with. The Fed should be abolished and the State boundaries should be respected. Bank reserves should be kept within the boundaries of the States whose people own them, and this reserve money of the people should be protected so that the International Bankers and acceptance bankers and discount dealers cannot draw it away from them.

“The Fed should be repealed, and the Fed Banks, having violated their charters, should be liquidated immediately. Faithless Government officials who have violated their oaths of office should be impeached and brought to trial.

“Unless this is done by us, I predict, that the American people, outraged, pillaged, insulted and betrayed as they are in their own land, will rise in their wrath, and will sweep the money changers out of the temple.

“Mr. Chairman, the United States is bankrupt: It has been bankrupted by the corrupt and dishonest Fed. It has repudiated its debts to its own citizens. Its chief foreign creditor is Great Britain, and a British bailiff has been at the White House and the British Agents are in the United States Treasury making inventory arranging terms of liquidations!

Great Britain, Partner in Blackmail

“Mr. Chairman, the Fed has offered to collect the British claims in full from the American public by trickery and corruption, if Great Britain will help to conceal its crimes. The British are shielding their agents, the Fed, because they do not wish that system of robbery to be destroyed here. They wish it to continue for their benefit! By means of it, Great Britain has become the financial mistress of the world. She has regained the position she occupied before the World War.

“For several years she has been a silent partner in the business of the Fed. Under threat of blackmail, or by their bribery, or by their native treachery to the people of the United States, the officials in charge of the Fed unwisely gave Great Britain immense gold loans running into hundreds of millions of dollars. They did this against the law! Those gold loans were not single transactions. They gave Great Britain a borrowing power in the United States of billions. She squeezed billions out of this Country by means of her control of the Fed.

“As soon as the Hoover Moratorium was announced, Great Britain moved to consolidate her gains. After the treacherous signing away of American rights at the 7-power conference at London in July, 1931, which put the Fed under the control of the Bank of International Settlements, Great Britain began to tighten the hangman’s noose around the neck of the United States.

“She abandoned the gold standard and embarked on a campaign of buying up the claims of foreigners against the Fed in all parts of the world. She has now sent her bailiff, Ramsey MacDonald, here to get her war debt to this country canceled. But she has a club in her hands! She has title to the gambling debts which the corrupt and dishonest Fed incurred abroad.

“Ramsey MacDonald, the labor party deserter, has come here to compel the President to sign on the dotted line, and that is what Roosevelt is about to do! Roosevelt will endeavor to conceal the nature of his action from the American people. But he will obey the International Bankers and transfer the war debt that Great Britain should pay to the American people, to the shoulders of the American taxpayers.

“Mr. Chairman, the bank holiday in the several States was brought about by the corrupt and dishonest Fed. These institutions manipulated money and credit, and caused the States to order bank holidays.

“These holidays were frame-ups!  They were dress rehearsals for the national bank holiday which Franklin D. Roosevelt promised Sir Ramsey MacDonald that he would declare.

“There was no national emergency here when Franklin D. Roosevelt took office excepting the bankruptcy of the Fed, a bankruptcy which has been going on under cover for several years and which has been concealed from the people so that the people would continue to permit their bank deposits and their bank reserves and their gold and the funds of the United States Treasury to be impounded in these bankrupt institutions.

“Under cover, the predatory International Bankers have been stealthily transferring the burden of the Fed debts to the people’s Treasury and to the people themselves. They the farms and the homes of the United States to pay for their thievery! That is the only national emergency that there has been here since the depression began.

“The week before the bank holiday was declared in New York State, the deposits in the New York savings banks were greater than the withdrawals. There were no runs on New York Banks. There was no need of a bank holiday in New York, or of a national holiday.

Roosevelt and the International Bankers

“Roosevelt did what the International Bankers ordered him to do!

“Do not deceive yourself, Mr. Chairman, or permit yourself to be deceived by others into the belief that Roosevelt’s dictatorship is in any way intended to benefit the people of the United States: he is preparing to sign on the dotted line!  He is preparing to cancel the war debts by fraud!

“He is preparing to internationalize this Country and to destroy our Constitution itself in order to keep the Fed intact as a money institution for foreigners.  Mr. Chairman, I see no reason why citizens of the United States should be terrorized into surrendering their property to the International Bankers who own and control the Fed. The statement that gold would be taken from its lawful owners if they did not voluntarily surrender it, to private interests, show that there is an anarchist in our Government.

“The statement that it is necessary for the people to give their gold- the only real money- to the banks in order to protect the currency, is a statement of calculated dishonesty!

“By his unlawful usurpation of power on the night of March 5, 1933, and by his proclamation, which in my opinion was in violation of the Constitution of the United States, Roosevelt divorced the currency of the United States from gold, and the United States currency is no longer protected by gold. It is therefore sheer dishonesty to say that the people’s gold is needed to protect the currency.

“Roosevelt ordered the people to give their gold to private interests, that is, to banks, and he took control of the banks so that all the gold and gold values in them, or given into them, might be handed over to the predatory International Bankers who own and control the Fed.

“Roosevelt cast his lot with the usurers.  He agreed to save the corrupt and dishonest at the expense of the people of the United States.

“He took advantage of the peoples’ confusion and weariness and spread the dragnet over the United States to capture everything of value that was left in it. He made a great haul for the International Bankers.

“The Prime Minister of England came here for money! He came here to collect cash!

“He came here with Fed Currency and other claims against the Fed which England had bought up in all parts of the world. And he has presented them for redemption in gold.

“Mr. Chairman, I am in favor of compelling the Fed to pay their own debts. I see no reason why the general public should be forced to pay the gambling debts of the International Bankers.

Roosevelt Seizes the Gold

“By his action in closing the banks of the United States, Roosevelt seized the gold value of forty billion or more of bank deposits in the United States banks. Those deposits were deposits of gold values.  By his action he has rendered them payable to the depositors in paper only, if payable at all, and the paper money he proposes to pay out to bank depositors and to the people generally in lieu of their hard earned gold values in itself, and being based on nothing into which the people can convert it, the said paper money is of negligible value altogether.

“It is the money of slaves, not of free men. If the people of the United States permit it to be imposed upon them at the will of their credit masters, the next step in their downward progress will be their acceptance of orders on company stores for what they eat and wear. Their case will be similar to that of starving coal miners. They, too, will be paid with orders on Company stores for food and clothing, both of indifferent quality and be forced to live in Company-owned houses from which they may be evicted at the drop of a hat. More of them will be forced into conscript labor camps under supervision.

“At noon on the 4th of March, 1933, FDR with his hand on the Bible, took an oath to preserve, protect and defend the Constitution of the U.S. At midnight on the 5th of March, 1933, he confiscated the property of American citizens. He took the currency of the United States standard of value. He repudiated the internal debt of the Government to its own citizens. He destroyed the value of the American dollar.  He released, or endeavored to release, the Fed from their contractual liability to redeem Fed currency in gold or lawful money on a parity with gold. He depreciated the value of the national currency.

“The people of the U.S. are now using unredeemable paper slips for money. The Treasury cannot redeem that paper in gold or silver. The gold and silver of the Treasury has unlawfully been given to the corrupt and dishonest Fed. And the Administration has since had the effrontery to raid the country for more gold for the private interests by telling our patriotic citizens that their gold is needed to protect the currency.

“It is not being used to protect the currency! It is being used to protect the corrupt and dishonest Fed.  The directors of these institutions have committed criminal offense against the United States Government, including the offense of making false entries on their books, and the still more serious offense of unlawfully abstracting funds from the United States Treasury! “Roosevelt’s gold raid is intended to help them out of the pit they dug for themselves when they gambled away the wealth and savings of the American people.

Dictatorship

“The International Bankers set up a dictatorship here because they wanted a dictator who would protect them. They wanted a dictator who would protect them. They wanted a dictator who would issue a proclamation giving the Fed an absolute and unconditional release from their special currency in gold, or lawful money of any Fed Bank.

“Has Roosevelt relieved any other class of debtors in this country from the necessity of paying their debts? Has he made a proclamation telling the farmers that they need not pay their mortgages? Has he made a proclamation to the effect that mothers of starving children need not pay their milk bills? Has he made a proclamation relieving householders from the necessity of paying rent?

Roosevelt’s Two Kinds of Laws

“Not he! He has issued one kind of proclamation only, and that is a proclamation to relieve international bankers and the foreign debtors of the United States Government.

“Mr. Chairman, the gold in the banks of this country belongs to the American people who have paper money contracts for it in the form of national currency.  If the Fed cannot keep their contracts with United States citizens to redeem their paper money in gold, or lawful money, then the Fed must be taken over by the United States Government and their officers must be put on trial.

“There must be a day of reckoning. If the Fed have looted the Treasury so that the Treasury cannot redeem the United States currency for which it is liable in gold, then the Fed must be driven out of the Treasury.

“Mr. Chairman, a gold certificate is a warehouse receipt for gold in the Treasury, and the man who has a gold certificate is the actual owner of a corresponding amount of gold stacked in the Treasury subject to his order.

“Now comes Roosevelt who seeks to render the money of the United States worthless by unlawfully declaring that it may No Longer be converted into gold at the will of the holder.

“Roosevelt’s next haul for the International Bankers was the reduction in the pay of all Federal employees.

“Next in order are the veterans of all wars, many of whom are aged and infirm, and other sick and disabled. These men had their lives adjusted for them by acts of Congress determining the amounts of the pensions, and, while it is meant that every citizen should sacrifice himself for the good of the United States, I see no reason why those poor people, these aged Civil War Veterans and war widows and half-starved veterans of the World War, should be compelled to give up their pensions for the financial benefit of the International vultures who have looted the Treasury, bankrupted the country and traitorously delivered the United States to a foreign foe.

“There are many ways of raising revenue that are better than that barbaric act of injustice.

“Why not collect from the Fed the amount they owe the U.S. Treasury in interest on all the Fed currency they have taken from the Government? That would put billions of dollars into the U.S. Treasury.

“If FDR is as honest as he pretends to be, he will have that done immediately. And in addition, why not compel the Fed to disclose their profits and to pay the Government its share?

“Until this is done, it is rank dishonesty to talk of maintaining the credit of the U.S. Government.  My own salary as a member of Congress has been reduced, and while I am willing to give my part of it that has been taken away from me to the U.S. Government, I regret that the U.S. has suffered itself to be brought so low by the vultures and crooks who are operating the roulette wheels and faro tables in the Fed, that is now obliged to throw itself on the mercy of its legislators and charwomen, its clerks, and it poor pensioners and to take money out of our pockets to make good the defalcations of the International Bankers who were placed in control of the Treasury and given the monopoly of U.S. Currency by the misbegotten Fed.  I am well aware that the International Bankers who drive up to the door of the United States Treasury in their limousines, look down with scorn upon members of Congress because we work for so little, while they draw millions a year. The difference is that we earn, or try to earn, what we get, and they steal the greater part of their takings.

Enemies of the People They Rob

“I do not like to see vivisections performed on human beings. I do not like to see the American people used for experimental purposes by the credit masters of the United States. They predicted among themselves that they would be able to produce a condition here in which American citizens would be completely humbled and left starving and penniless in the streets.

“The fact that they made that assertion while they were fomenting their conspiracy against the United States that they like to see a human being, especially an American, stumbling from hunger when he walks.  Something should be done about it, they say. Five-cent meals, or something! “But FDR will not permit the House of Representatives to investigate the condition of the Fed. FDR will not do that. He has certain International Bankers to serve. They do not look to him as the man Higher Up who will protect them from the just wrath of an outraged people.

“The International Bankers have always hated our pensioners. A man with a small pension is a ward of the Government. He is not dependent upon them for a salary or wages. They cannot control him. They do not like him. It gave them great pleasure, therefore, to slash the veterans.

“But FDR will never do anything to embarrass his financial supporters. He will cover up the crimes of the Fed.

“Before he was elected, Mr. Roosevelt advocated a return to the earlier practices of the Fed, thus admitting its corruptness. The Democratic platform advocated a change in the personnel of the Fed. These were campaign bait. As a prominent Democrat lately remarked to me; “There is no new deal. The same old crowd is in control.”

“The claims of foreign creditors of the Fed have no validity in law. The foreign creditors were the receivers, and the willing receivers of stolen goods! They have received through their banking fences immense amounts of currency, and that currency was unlawfully taken from the United States Treasury by the Fed.

“England discovered the irregularities of the Fed quite early in its operations and through fear, apparently, the Fed have for years suffered themselves to be blackmailed and dragooning England to share in the business of the Fed.  The Fed have unlawfully taken many millions of dollars of the public credit of the United States and have given it to foreign sellers on the security of the Debt paper of foreign buyers in purely foreign transactions, and when the foreign buyers refused to meet their obligations and the Fed saw no honest way of getting the stolen goods back into their possession, they decided by control of the executive to make the American people pay their losses!

Conspiracy of War Debts

“They likewise entered into a conspiracy to deprive the people of the U.S. of their title to the war debts and not being able to do that in the way they intended, they are now engaged in an effort to debase the American dollar so that foreign governments will have their debts to this country cut in two, and then by means of other vicious underhanded arrangements, they propose to remit the remainder.

“So far as the U.S. is concerned, the gambling counters have no legal standing. The U.S. Treasury cannot be compelled to make good the gambling ventures of the corrupt and dishonest Fed. Still less should the bank deposits of the U.S. be used for that purpose. Still less should the national currency have been made irredeemable in gold so that the gold which was massed and stored to redeem the currency for American citizens may be used to pay the gambling debts of the Fed for England’s benefit.  The American people should have their gold in their own possession where it cannot be held under secret agreement for any foreign control bank, or world bank, or foreign nation. Our own citizens have the prior claim to it. The paper [money men] have in their possession deserves redemption far more than U.S. currency and credit which was stolen from the U.S. Treasury and bootlegged abroad.

“Why should the foreigners be made preferred creditors of the bankrupt U.S.? Why should the U.S. be treated as bankrupt at all? This Government has immense sums due it from the Fed. The directors of these institutions are men of great wealth. Why should the guilty escape the consequences of their misdeeds? Why should the people of these U.S. surrender the value of their gold bank deposits to pay off the gambling debts of these bankers? Why should Roosevelt promise foreigners that the U.S. will play the part of a good neighbor, ‘meeting its obligations’?

“Let the Fed meet their own obligations.

“Every member of the Fed should be compelled to disgorge, and every acceptance banker and every discount corporation which has made illegal profits by means of public credit unlawfully bootlegged out of the U.S. Treasury and hired out by the crooks and vultures of the Fed should be compelled to disgorge.

Federal Reserve Pays No Taxes

“Gambling debts due to foreign receivers of stolen goods should not be paid by sacrificing our title to our war debts, the assets of the U.S. Treasury, which belong to all the people of the U.S. and which it is our duty to preserve inviolate in the people’s treasury.

“The U.S. Treasury cannot be made liable for them. The Fed currency must be redeemed by the Fed banks or else these Fed banks must be liquidated.

“We know from assertions made here by the Hon. John N. Garner, Vice  President of the U.S. that there is a condition in the United States such that would cause American citizens, if they knew what it was, to lose all confidence in their government.

“That is a condition that Roosevelt will not have investigated. He has brought with him from Wall Street, James Warburg, the son of Paul M. Warburg. Mr. Warburg, alien born, and the son of an alien who did not become naturalized here until several years after this Warburg’s birth, is a son of a former partner of Kuhn, Loeb and Co., a grandson of another partner, a nephew of a former partner, and a nephew of a present partner.

“He holds no office in our Government, but I am told that he is in daily attendance at the Treasury, and that he has private quarters there! In other words, Mr. Chairman, Kuhn, Loeb and Company now has control and occupy the U.S. Treasury.

Preferred Treatment for Foreigners

“The text of the Executive order which seems to place an embargo on shipments of gold permits the Secretary of the Treasury, a former director of the corrupt, to issue licenses at his discretion for the export of gold coin, or bullion, earmarked or held in trust for a recognized foreign government or foreign central bank for international settlement. Now, Mr. Chairman, if gold held in trust for those foreign institutions may be sent to them, I see no reason why gold held in trust for America as evidenced by their gold certificates and other currency issued by the U.S. Government should not be paid to them.  I think that American citizens should be entitled to treatment at least as good as that which the person is extending to foreign governments, foreign central banks, and the bank of International Settlements. I think a veteran of the world war, with a $20.00 gold certificate, is at least as much entitled to receive his own gold for it, as any international banker in the city of New York or London.

“By the terms of this executive order, gold may be exported if it is actually required, for the fulfillment of any contract entered into prior to the date of this order by an applicant who, in obedience to the executive order of April 5, 1933, has delivered gold coin, gold bullion, or gold certificates.  This means that gold may be exported to pay the obligations abroad of the Fed which were incurred prior to the date of the order, namely, April 20, 1933.

“If a European Bank should send 100,000,000 dollars in Fed currency to a bank in this country for redemption, that bank could easily ship gold to Europe in exchange for that currency. Such Fed currency would represent “contracts” entered into prior to the date of the order. If the Bank of International Settlements or any other foreign bank holding any of the present gambling debt paper of the Fed should draw a draft for the settlement of such obligation, gold would be shopped to them because the debt contract would have been entered into prior to the date of order.”

Crimes and Criminals

“Mr. Speaker, I rise to a question of constitutional privilege.

“Whereas, I charge. . .Eugene Meyer, Roy A. Young, Edmund Platt, Eugene B. Black, Adolph Casper Miller, Charles S. Hamlin, George R. James, Andrew W. Mellon, Ogden L. Mills, William H. Woo W. Poole, J.F.T. O’Connor, members of the Federal Reserve Board; F. H. Curtis, J.H. Chane, R.L. Austin, George De Camp, L.B. Williams, W.W. Hoxton, Oscar Newton, E.M. Stevens, J.S. Wood, J.N. Payton, M.L. McClure, C.C. Walsh, Isaac B. Newton, Federal Reserve Agents, jointly and severally, with violations of the Constitution and laws of the United States, and whereas I charge them with having taken funds from the U.S Treasury which were not appropriated by the Congress of the United States, and I charge them with having unlawfully taken over $80,000,000,000 from the U.S. Government in the year 1928, the said unlawful taking consisting of the unlawful creation of claims against the U.S. Treasury to the extent of over $80,000,000,000 in the year 1928; and I charge them with similar thefts committed in 1929, 1930, 1931, 1932 and 1933, and in years previous to 1928, amounting to billions of dollars; and

“Whereas I charge them, jointly and severally with having unlawfully created claims against the U.S. Treasury by unlawfully placing U.S. Government credit in specific amounts to the credit of foreign governments and foreign central banks of issue; private interests and commercial and private banks of the U.S. and foreign countries, and branches of foreign banks doing business in the U.S., to the extent of billions of dollars; and with having made unlawful contracts in the name of the U.S. Government and the U.S. Treasury; and with having made false entries on books of account; and

“Whereas I charge them jointly and severally, with having taken Fed Notes from the U.S. Treasury and with having put Fed Notes into circulation without obeying the mandatory provision of the Fed Act which requires the Fed Board to fix an interest rate on all issues of Fed Notes supplied to Fed Banks, the interest resulting therefrom to be paid by the Fed Banks to the government of the U.S. for the use of the Fed Notes, and I charge them of having defrauded the U.S. Government and the people of the U.S. of billions of dollars by the commission of this crime, and

“Whereas I charge them, jointly and severally, with having purchased U.S. Government securities with U.S. Government credit unlawfully taken and with having sold the said U.S. Government securities back to the people of the U.S. for gold or gold values and with having again purchased U.S. Government securities with U.S. Government credit unlawfully taken and with having again sold the said U.S. Government security for gold or gold values, and I charge them with having defrauded the U.S. Government and the people of the U.S. by this rotary process; and

“Whereas I charge them, jointly and severally, with having unlawfully negotiated U.S. Government securities, upon which the Government liability was extinguished, as collateral security for Fed Notes and with having substituted such securities for gold which was being held as collateral security for Fed Notes, and with having by the process defrauded the U.S. Government and the people of the U.S., and I charge them with the theft of all the gold and currency they obtained by this process; and

“Whereas I charge them, jointly and severally, with having unlawfully issued Fed currency on false, worthless and fictitious acceptances and other circulating evidence of debt, and with having made unlawful advances of Fed currency, and with having unlawfully permitted renewals of acceptances and renewals of other circulating evidences of debt, and with having permitted acceptance bankers and discount dealer corporations and other private bankers to violate the banking laws of the U.S.; and

“Whereas I charge them, jointly and severally, with having conspired to have evidences of debt to the extent of $1,000,000,000 artificially created at the end of February, 1933, and early in March 1933, and with having made unlawful issues and advances of Fed currency on the security of said artificially created evidences of debt for a sinister purpose, and with having assisted in the execution of said sinister purpose; and

“Whereas I charge them, jointly and severally, with having brought about the repudiation of the currency obligations of the Fed Banks to the people of the U.S. and with having conspired to obtain a release for the Fed Board and the Fed Banks from their contractual liability to redeem all Fed currency in gold or lawful money at the Fed Bank and with having defrauded the holders of Fed currency, and with having conspired to have the debts and losses of the Fed Board and the Fed Banks unlawfully transferred to the Government and the people of the U.S., and

“Whereas I charge them, jointly and severally, with having unlawfully substituted Fed currency and other irredeemable paper currency for gold in the hands of the people after the decision to repudiate the Fed currency and the national currency was made known to them, and with thus having obtained money under false pretenses; and

“Whereas I charge them, jointly and severally, with having brought about a repudiation of the notes of the U.S. in order that the gold value of the said currency might be given to private interests, foreign governments, foreign central banks of issues, and the Bank of International Settlements, and the people of the U.S. to be left without gold or lawful money and with no currency other that a paper currency irredeemable in gold, and I charge them with having done this for the benefit of private interests, foreign governments, foreign central banks of issue, and the bank of International Settlements; and

“Whereas I charge them, jointly and severally, with conniving with the Edge Law banks, and other Edge Law institutions, accepting banks, and discount corporations, foreign central banks of issue, foreign commercial banks, foreign corporations, and foreign individuals with funds unlawfully taken from the U.S. Treasury; and I charge them with having unlawfully permitted and made possible ‘new financing’ for foreigners at the expense of the U.S. Treasury to the extent of billions of dollars and with having unlawfully permitted and made possible the bringing into the United States of immense quantities of foreign securities, created in foreign countries for export to the U.S. and with having unlawfully permitted the said foreign securities to be imported into the U.S. instead of gold, which was lawfully due to the U.S. on trade balances and otherwise, and with having lawfully permitted and facilitated the sale of the said foreign securities in the U.S., and

“Whereas I charge them, jointly and severally, with having unlawfully exported U.S. coins and currency for a sinister purpose, and with having deprived the people of the U.S. of their lawful medium of exchange, and I charge them with having arbitrarily and unlawfully reduced the amount of money and currency in circulation in the U.S. to the lowest rate per capita in the history of the Government, so that the great mass of the people have been left without a sufficient medium of exchange, and I charge them with concealment and evasion in refusing to make known the amount of U.S. money in coins and paper currency exported and the amount remaining in the U.S. as a result of which refusal the Congress of the U.S. is unable to ascertain where the U.S. coins and issues of currency are at the present time, and what amount of U.S. currency is now held abroad; and

“Whereas I charge them, jointly and severally, with having arbitrarily and unlawfully raised and lowered the rates of money and with having arbitrarily increased and diminished the volume of currency in circulation for the benefit of private interests at the expense of the Government and the people of the U.S. and with having unlawfully manipulated money rates, wages, salaries and property values both real and personal, in the U.S. by unlawful operations in the open discount market and by resale and repurchase agreements unsanctioned by law, and

“Whereas I charge them jointly and severally, with having brought about the decline in prices on the New York Stock Exchange and other exchanges in October, 1929, by unlawful manipulation of money rates and the volume of U.S. money and currency in circulation: by theft of funds from the U.S. Treasury by gambling in acceptances and U.S. Government securities; by service rendered to foreign and domestic speculators and politicians, and by unlawful sale of U.S. gold reserves abroad, and

“Whereas the unconstitutional inflation law imbedded in the so-called Farm Relief Act by which the Fed Banks are given permission to buy U.S. Government securities to the extent of $3,000,000,000 and to drew forth currency from the people’s Treasury to the extent of $3,000,000,000 is likely to result in connivance on the part of said accused with others in the purchase by the Fed of the U.S. Government securities to the extent of $3,000,000,000 with U.S. Government’s own credit unlawfully taken, it being obvious that the Fed do no not intend to pay anything of value to the U.S. Government for the said U.S. Government securities no provision for payment in gold or lawful money appearing in the so-called Farm Relief bill- and the U.S. Government will thus be placed in a position of conferring a gift of $3,000,000,000 in the U.S. Government securities on the Fed to enable them to pay more on their bad debts to foreign governments, foreign central banks of issue, private interests, and private and commercial banks, both foreign and domestic, and the Bank of International Settlements, and

“Whereas the U.S. Government will thus go into debt to the extent of $3,000,000,000 and will then have an additional claim of $3,000,000,000 in currency unlawfully created against it and whereas no private interest should be permitted to buy U.S. Government securities with the Government’s own credit unlawfully taken and whereas currency should not be issued for the benefit of said private interest or any interests on U.S. Government securities so acquired, and whereas it has been publicly stated and not denied that the inflation amendment of the Farm Relief Act is the matter of benefit which was secured by Ramsey MacDonald, the Prime Minister of Great Britain, upon the occasion of his latest visit to the U.S. Treasury, and whereas there is grave danger that the accused will employ the provision creating U.S. Government securities to the extent of $3,000,000,000 and three millions in currency to be issuable thereupon for the benefit of themselves and their foreign principals, and that they will convert the currency so obtained to the uses of Great Britain by secret arrangements with the Bank of England of which they are the agents, and for which they maintain an account and perform services at the expense of the U.S. Treasury, and that they will likewise confer benefits upon the Bank of International Settlements for which they maintain an account and perform services at the expense of the U.S. Treasury; and

“Whereas I charge them, jointly and severally, with having concealed the insolvency of the Fed and with having failed to report the insolvency of the Fed to the Congress and with having conspired to have the said insolvent institutions continue in operation, and with having permitted the said insolvent institutions to receive U.S. Government funds and other deposits, and with having permitted them to exercise control over the gold reserves of the U.S. and with having permitted them to transfer upward of $100,000,000,000 of their debts and losses to the general public and the Government of the U.S., and with having permitted foreign debts of the Fed to be paid with the property, the savings, the wages, and the salaries of the people of the U.S. and with the farms and the homes of the American people, and whereas I charge them with forcing the bad debts of the Fed upon the general public covertly and dishonestly and with taking the general wealth and savings of the people of the U.S. under false pretenses, to pay the debts of the Fed to foreigners; and

“Whereas I charge them, jointly and severally, with violations of the Fed Act and other laws; with maladministration of the evasions of the Fed Law and other laws; and with having unlawfully failed to report violations of law on the part of the Fed Banks which, if known, would have caused the Fed Banks to lose their charters, and

“Whereas I charge them, jointly and severally, with failure to protect and maintain the gold reserves and the gold stock and gold coinage of the U.S. and with having sold the gold reserves of the U.S to foreign Governments, foreign central banks of issue, foreign commercial and private banks, and other foreign institutions and individuals at a profit to themselves, and I charge them with having sold gold reserves of the U.S. so that between 1924 and 1928 the U.S. gained no gold on net account but suffered a decline in its percentage of central gold reserves from the 45.9 percent in 1924 to 37.5 percent in 1928 notwithstanding the fact that the U.S. had a favorable balance of trade throughout that period, and

“Whereas I charge them, jointly and severally, with having conspired to concentrate U.S. Government securities and thus the national debt of the U.S. in the hands of foreigners and international money lenders and with having conspired to transfer to foreigners and international money lenders title to and control of the financial resources of the U.S.; and

“Whereas I charge them, jointly and severally, with having fictitiously paid installments on the national debt with Government credit unlawfully taken; and

“Whereas I charge them, jointly and severally, with the loss of the U.S. Government funds entrusted to their care; and

“Whereas I charge them, jointly and severally, with having destroyed independent banks in the U.S. and with having thereby caused losses amounting to billions of dollars to the said banks, and to the general public of the U.S., and

“Whereas I charge them, jointly and severally, with the failure to furnish true reports of the business operations and the true conditions of the Fed to the Congress and the people, and having furnished false and misleading reports to the congress of the U.S., and

“Whereas I charge them, jointly and severally, with having published false and misleading propaganda intended to deceive the American people and to cause the U.S. to lose its independence; and

“Whereas I charge them, jointly and severally, with unlawfully allowing Great Britain to share in the profits of the Fed at the expense of the Government and the people of the U.S.; and

“Whereas I charge them, jointly and severally, with having entered into secret agreements and illegal transactions with Montague Norman, Governor of the Bank of England; and

“Whereas I charge them, jointly and severally, with swindling the U.S. Treasury and the people of the U.S. in pretending to have received payment from Great Britain of the amount due on the British ware debt to the U.S. in December, 1932; and

“Whereas I charge them, jointly and severally, with having conspired with their foreign principals and others to defraud the U.S. Government and to prevent the people of the U.S. from receiving payment of the war debts due to the U.S. from foreign nations; and

“Whereas I charge them, jointly and severally, with having robbed the U.S Government and the people of the U.S. by their theft and sale of the gold reserves of the U.S. and other unlawful transactions created a deficit in the U.S. Treasury, which has necessitated to a large extent the destruction of our national defense and the reduction of the U.S. Army and the U.S. Navy and other branches of the national defense; and

“Whereas I charge them, jointly and severally, of having reduced the U.S. from a first class power to one that is dependent, and with having reduced the U.S. from a rich and powerful nation to one that is internationally poor; and

“Whereas I charge them, jointly and severally, with the crime of having treasonable conspired and acted against the peace and security of the U.S. and with having treasonable conspired to destroy constitutional Government in the U.S.

“Resolve, That the Committee on the Judiciary is authorized and directed as a whole or by subcommittee, to investigate the official conduct of the Fed agents to determine whether, in the opinion of the said committee, they have been guilty of any high crime or misdemeanor which in the contemplation the Constitution requires the interposition of the Constitutional powers of the House. Such Committee shall report its finding to the House, together with such resolution or resolutions of impeachment or other recommendations as it deems proper.

“For the purpose of this resolution the Committee is authorized to sit and act during the present Congress at such times and places in the District of Columbia or elsewhere, whether or not the House is sitting, has recessed or has adjourned, to hold such clerical, stenographic, and other assistants, to require of such witnesses and the production of such books, papers, and documents, to take such testimony, to have such printing and binding done, and to make such expenditures as it deems necessary.”

After some discussion and upon the motion of Mr. Byrns, the resolution and charge was referred to the Committee on the Judiciary.

Attacks on McFadden’s Life Reported

Commenting on Former Congressman Louis T. McFadden’s ”heart-failure sudden-death” on Oct. 3, 1936, after a “dose” of “intestinal flu,” “Pelley’s Weekly” of Oct. 14 said:

Now that this sterling American patriot has made the Passing, it can be revealed that not long after his public utterance against the encroaching powers of Judah, it became known among his intimates that he had suffered two attacks against his life. The first attack came in the form of two revolver shots fired at him from ambush as he was alighting from a cab in front of one of the Capital hotels.  Fortunately both shots missed him, the bullets burying themselves in the structure of the cab.

“He became violently ill after partaking of food at a political banquet at Washington. His life was only saved from what was subsequently announced as a poisoning by the presence of a physician friend at the banquet, who at once procured a stomach pump and subjected the Congressman to emergency treatment.”

/s/ Robert Edward Edmondson (Publicist-Economist)

President Andrew Jackson stated in reference to the bankers at the state of his administration:  ”You are a den of vipers and thieves.  I intend to rout you out, and by the Eternal God, I will rout you out.”

_____________________________________

THE KEENAN TEAM recommends the following material for a full understanding of the nature and history of the FED scam:

The Secrets of the Federal Reserve, Eustace Mullins (2009)

The Federal Reserve Conspiracy, Antony C. Sutton (1995)

The Creature From Jekyll Island, G. Edward Griffin (1998)

Click Here to view: The Money Masters, a video series narrated by Bill Still,

copyright © 2014 Neil Keenan

source »

Please support us by downloading our Second Edition of Towards Healthcare Emancipation eBook. The proceeds from this book will be used to fund our next project, Towards Energy Emancipation.

The aim is to make the subject of free energy more understandable for the layman so that anybody could replicate and install his own power plant and be completely living off-grid.

If you haven’t done so, please like our FB page to encourage others to learn more about our work.

Thank you very much for your valuable support.

Health & Medicine - Top Blogs Philippines

Massive Resignations Have Started 2.0

«« Massive Resignations Have Started 1.0

Massive Resignations Have Started 3.0 »»

[click on any image to view the article in full]

[click on any image to view the article in full]

[click on any image to view the article in full]

The current financial war started when Asian Secret Societies ceased to cooperate with the Dark Cabal, who owns the Federal Reserve, which resulted to the Lehman’s Debacle in 2008, and continues to the decline of the economy in the Eurozone. This countermove is in retaliation to the attempted annihilation of the Asian population through the SARS virus, and the persistent extortion and plunder of sovereign wealth and natural resources via nuclear and HAARP threats, the most prominent of which was the Fukushima Disaster.

Among the underground groups that are now allied with the White Dragon Society is the Yakuza. And just recently, the US corporate government is taking measure to press a point…

Whatever that point is, I don’t think it matters at this time when people are beginning to wake up from their deepest slumber…

Reading the GAO Federal Reserve $16 Trillion Emergency Bailout Loans Audit Report would give us the names of the banks which participated in the grandest scheme to defraud depositors and taxpayers, and as such would also allow us to ascertain the reason why these bankers are resigning en masse. The banks which benefited directly from US$16 Trillion Bailout are outlined in the table below:

Remember, this concluding financial war heated up in 2008 and we could surmise that the effects on the banking sector can only be felt within the last two years as they kept on kicking the can for as long as possible thru treasonous bailouts. Therefore, it is only fitting that, while we prefer to know the latest heads that rolled off the cliff, we might as well look back at the news that the banking sector have already known a few months ago but we are not simply aware of.

The reports below include current and last year’s data:

ANZ

BANK OF AMERICA

Most of the resignations at BOA occurred in 2009, one of which is…

However, we have a few samplers that happened only last year…

BNP PARIBAS

BNY

DEUTSCHE

As to the fate of Mr. Ackerman…

DEXIA

BARCLAYS

ECB

HSBC

KUWAIT

RBS

TURKEY

UBS

BEYOND THE RESIGNATIONS

Even as the president of the World Bank owned by the Committee of 300 is on the way out, an influential report is still being published showing its usual unsolicited interference on somebody else’s affair.

COLLATERAL VICTIMS

And yet this one shenanigan still has the nerve to fool us one more time…

This page will continue to expand as we have not included all the other banks as of yet as mentioned in the GAO report above. And if you’re wondering why we are using snapshots rather than quote and link the sources, we have experienced broken links when we were expanding the first post of this series, such that we suspect somebody is still trying to salvage the sinking ship.

You, too, can join the fight against the Dark Cabal and accelerate its demise just by boycotting Big Pharma. You can effectively do this by downloading “Towards Healthcare Emancipation“, a fully illustrated do-it-yourself instructional eBook that will help you in implementing all eClinik methods that would negate the use of expensive medicine, avoid radioactive diagnostics and treatments in completely defeating cancer, AIDS and all other parasitic diseases. These methods, when faithfully followed, work 100% all the time. Find out more about this here.

«« Massive Resignations Have Started 1.0

Massive Resignations Have Started 3.0 »»

Health & Medicine - Top Blogs Philippines

Massive Arrests is Next… Week?

Although I fully understand the reality of life in other planets, galaxies and parallel universes, I didn’t readily bite into these channeled messages purportedly coming from the so-called Galactic Federation of Light or the StarTrek sounding Ashtar Command adventures. But having been an avid follower of Ben Fulford and the patriotic WhiteHats, I could sense that something big is going to happen very, very soon. And I don’t think we need to wait for months or years. I can feel it could be happening within a week.

And as I was scouring the web for more resignations, I was able to come across this very compelling article…

Message from the GFoL: Mass Arrests This Week

You want answers. Please quite yourself for a moment. There will be certain events unfolding within the next few days that will alter the course of your lives on Earth. The mass arrests we have spoken of will begin in earnest, and we would suggest you prepare yourselves for this. We see some disruptions to some services, but not many as these beings are taken into custody, and we would like all of you who have informed yourselves of the importance of these events to share this information far and wide and also educate others as to their relevance.

Be on the lookout for the initiation of these arrests that shall begin very soon. Our Earth allies are in place and are prepared to undertake this massive endeavor. Large numbers of men and even some women will be taken out of your society and into custody where they can no longer interfere with your lives and the proceedings of the events set to unfold in your world.

Source: http://www.in5d.com/gfl-mass-arrests-this-week.html

Like I said, I’m not into these channeling stuffs. In fact I’m very careful in not falling into the trap of unconsciously spreading disinformation, such that this is probably the second time only that we published similarly compelling messages; the first being that which was published through exopolitic.org.

Whether the arrests happen today or the next full moon, who can refuse to love scenes like these…

We’ve never been your people, aren’t we?

Seriously, we should know by now what is happening in Greece in recent days:

  • Fitch downgrades Greece’s long-term ratings
  • Greece downgraded next to default level by Fitch
  • Greek Tragedy turns Comedy with Troika document leak, as Obama’s Boeing PR Crashes in Wichita

default now

Of course, Greece, Spain and Portugal have no other recourse but to declare a default. Why not? Ireland had done it already with a counterpunch that requires the bankers to prove where the hell did the debt came from in the first place?

Greece is poised to take it to the next level, in fact…

Honestly, I don’t really understand Greeko, but I’m pretty sure that guy at the center is not happy where things are going. In fact, here’s the Google trying-hard translation…

Definitely, a good and wise choice for a target!

Yesterday, John Kettler shouted…

At the time of drafting this article there’s still nothing on the news… except the following:

Arrests Made in Italy After Discovery of $6 Trillion in Fake U.S. Bonds

(CNN) — Italian authorities on Friday arrested eight people in possession of an estimated $6 trillion in counterfeit U.S. Treasury bonds, according to Italian paramilitary police and an Italian news agency.

The discovery of the fake bonds — made to look as if they were printed by the U.S. Federal Reserve in 1934 — came about as part of an investigation into a local mafia association.

The arrest order for the alleged criminals was issued by a preliminary investigative judge in the southern Italian city of Potenza, police noted.

Italian authorities, working with their Swiss counterparts, learned about the counterfeit bonds by way of eavesdropping on wiretapped phones, police said.

The total of $6 trillion is more than twice the Italy’s national debt.

read more: http://edition.cnn.com/2012/02/17/world/europe/italy-counterfeit-bonds/index.html?hpt=hp_t3

Learn more...

I wonder when will they arrest the Godfather of all Pedophiles, the Holy Pope Malevolent XVI…

 

Four Priests Charged In Vatican Banking Scandal

four priests charged

 

Other than those, they fry on this one, too…

wisconsin man

You can join the fight against the Dark Cabal and accelerate its demise just by boycotting Big Pharma. You can effectively do this by downloading “Towards Healthcare Emancipation“, a fully illustrated do-it-yourself instructional eBook that will help you in implementing all eClinik methods that would negate the use of expensive medicine, avoid radioactive diagnostics and treatments in completely defeating cancer, AIDS and all other parasitic diseases. These methods, when faithfully followed, work 100% all the time. Find out more about this here.

Health & Medicine - Top Blogs Philippines

Acknowledgement: The photos in this article are taken from Facebook friends a long time ago. If this is yours, a million thanks to you.

Massive Resignations Have Started

Recently, the WhiteHats released this video of Lord James of BlackHeath urging the House of Lords to conduct an investigation into a possible bank heist to the tune of US$ 15 Trillion. This is a very significant measure as it is now put on public record, right at the very heart of the British Empire, those “wild rumors” being passed around in the alternative media. The White Dragon Society represented by Ben Fulford is also confirming that a March 31st deadline has been set by the Gnostic Illuminati against the Khazarian Satanic Cabal to transfer power over to Prince Harry before Global Settlements can be implemented.

The transcript of Lord James’ speech above can be downloaded here.

It is our understanding that this amount is separate from the US$16 Trillion being doled out since Obummer was put into office. But reading the GAO Federal Reserve $16 Trillion Emergency Bailout Loans Audit Report suggests both could be related.

To further understand what is at stake in the Global Settlements is to read the details of these documents (including the header) as forwarded to Ben Fulford by a “source linked to the late Philippine President Ferdinand Marcos” and is verified to be authentic, and in fact, signed by both WB President Zoellick, himself, and Hitler’s niece Elizabeth…

Yes, Lord James of BlackHeath’s $15 Trillion bombshell is just a drop in the bucket as the above pages have shown at least US$ 1,464 Trillion to be used for worldwide development as committed to by the real owners of these assets. As the truth about these assets slowly unfolded in the last few months, a wave of increasing pressure mounts against the people in full control of the current financial system.

There are already significant resignations made by CEOs and other high-ranking officials around the globe. Are we now witnessing the downfall of the Dark Cabal?

Will 2012 be the end of the world as we know it?

World Bank President Zoellick Resigns

“I’m honored to have led such a world class institution with so many talented and exceptional people. Together we have focused on supporting developing countries to navigate crises and adjust to global economic shifts. The Bank has recognized that we live in a world of multiple poles of growth where traditional concepts of the “Third World” are now outdated…”

source: http://bosco.foreignpolicy.com/posts/2012/02/15/did_the_white_house_tell_the_world_bank_president_that_hes_out

(WASHINGTON) — World Bank President Robert Zoellick said Wednesday he is stepping down, raising the possibility that a non-American might be chosen for the first time to head the 187-nation lending organization.

Zoellick, 58, informed the board he will leave June 30 at the end of a five-year term, during which he led the bank’s response to the global financial crisis.

The board now begins looking for a new president under guidelines directors adopted in 2011 calling for an “open, merit-based and transparent selection” process.

Arrests Made in Italy After Discovery of $6 Trillion in Fake U.S. Bonds

(CNN) — Italian authorities on Friday arrested eight people in possession of an estimated $6 trillion in counterfeit U.S. Treasury bonds, according to Italian paramilitary police and an Italian news agency.

The discovery of the fake bonds — made to look as if they were printed by the U.S. Federal Reserve in 1934 — came about as part of an investigation into a local mafia association.

The arrest order for the alleged criminals was issued by a preliminary investigative judge in the southern Italian city of Potenza, police noted.

Italian authorities, working with their Swiss counterparts, learned about the counterfeit bonds by way of eavesdropping on wiretapped phones, police said.

The total of $6 trillion is more than twice the Italy’s national debt.

read more: http://edition.cnn.com/2012/02/17/world/europe/italy-counterfeit-bonds/index.html?hpt=hp_t3

Four Priests Charged In Vatican Banking Scandal

Italian investigators have charged four priests with laundering money out of the Vatican’s official bank, the Institute for the Works of Religion, the National Catholic Reporter’s John L. Allen Jr. writes.

The Italian daily l’Unita was the first to report that the priests were being investigated for laundering hundreds of thousands of dollars.

It’s the latest in a series of investigations into Vatican finances dating back to 2010. In December of that year, Pope Benedict XVI decreed an updated anti-money laundering law for Vatican finances.

CFO of ANZ Bank Resigns Amid Turmoil

February 16, 2012 | 3:26 am

CFO of ANZ Bank Resigns Amid Turmoil

The chief financial officer of Australia & New Zealand Banking Group Ltd. announced recently that he will resign from the position, a move that will reportedly lead to a significant executive shuffle.

According to MarketWatch, CFO Peter Marriott says he plans to pursue a non-executive career after spending 15 years as the bank’s finance chief. Marriott will officially leave the financial institution on May 1, at which time institutional banking head Shayne Elliott will reportedly take over the role.

This move will lead to a number of other changes, as the bank’s head of Asian operations will take on a larger role to include global institutional banking, while a new chief executive for global wealth management and private banking will also be named.

read more: http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-turmoil

Nicaragua Central Bank Head Quits Amid Row

By Adam Williams and Blake Schmidt – Feb 15, 2012 3:25 AM GMT+0800

Nicaragua’s Central Bank President Antenor Rosales quit amid differences with President Daniel Ortega over plans to use central bank reserves for the creation of a regional bank for a Venezuelan-led bloc of Latin American nations, known as Alba.

Ortega has proposed that Finance Minister Alberto Guevara replace Rosales as head of the central bank, said Edwin Castro, the chief legislator for the ruling Sandinista party, in a statement on a government website today. Castro said the appointment must be approved by lawmakers and didn’t say whether Guevara would continue at the Finance Ministry.

Castro said Rosales’s resignation was “normal government procedure” and not a result of the disagreement with Ortega.

In a Feb. 4 meeting of Alba leaders in Caracas, Ortega agreed to put 1 percent of Nicaragua’s international reserves, or about $17 million, toward the Alba bank, according to a statement on a government website. Rosales told reporters in Managua on Feb. 6 that “no one can touch the international reserves of Nicaragua.”

“The resignation of Rosales sends a bad message to the people of Nicaragua,” opposition legislator Wilfredo Navarro said in comments at the National Assembly broadcast on TV Channel 100% Noticias. “He was defending the legality of the country’s central bank institution. Withdrawing funds for an unknown bank is a violation of the institution.”

read more: http://www.bloomberg.com/news/2012-02-14/nicaragua-central-bank-head-quits-amid-row.html

Switzerland’s Central Bank Chief Resigns

Swiss National Bank Chairman Philipp Hildebrand arrives in front of the Swiss National Bank building for a news conference in Bern January 9, 2012. Hildebrand resigned with immediate effect on Monday, relinquishing one of the world’s top 10 central banking jobs because he has been unable to prove he was unaware of a $418,000 currency trade made by his wife.

Philipp Hildebrand defends his achievements at financial institution as he bows to uproar over private currency deals.

The Swiss National Bank chairman has resigned abruptly, bowing to a public uproar over his private currency deals.

Philipp Hildebrand’s decision comes just as a Swiss parliamentary committee is preparing to grill him behind closed doors.

His resignation took effect immediately on Monday, Switzerland’s central bank said in a brief statement.

A short time later, Hildebrand called an impromputu press conference in the Swiss capital of Bern, where he emphasised that he was proud of his achievements at financial institutions in Switzerland and international organisations such as the World Bank.

“I would like to think I have been a damn good central banker,” Hildebrand said.

read more: http://www.aljazeera.com/news/europe/2012/01/201219145612935171.html

Credit Suisse’s Private Bank Chief Asian Economist Tan Resigns

February 20, 2012, 1:17 AM EST

By Jonathan Burgos

Feb. 17 (Bloomberg) — Joseph Tan, chief Asian economist of Credit Suisse Group AG’s private bank in Singapore has resigned.

“I have left Credit Suisse,” Tan, who joined the Swiss bank in September 2008, said. “I’m considering my options at the moment.”

Tan previously worked at Fortis Bank SA and Standard Chartered Plc. Credit Suisse spokeswoman Juliette Leong confirmed his departure in an e-mail. Today was his last day, she said.

source: http://www.businessweek.com/news/2012-02-20/credit-suisse-s-private-bank-chief-asian-economist-tan-resigns.html

Embarrassment for Merkel as German president resigns in disgrace after trying to bag the press

  • President Christian Wulff is though to be about to leave his office amid an escalating scandal
  • He is alleged to have accepted free holidays from wealthy friends, upgrades on airlines and discounted cars

By Allan Hall and David Williams

Last updated at 1:57 AM on 18th February 2012

Germany’s president resigned in disgrace yesterday after failing to gag newspapers investigating him over political favours.

The resignation of Christian Wulff – a victory for Press freedom – is an embarrassing blow to Chancellor Angela Merkel, who had hand-picked her political ally as president.

In a curt statement at the presidential palace in Berlin, Mr Wulff said he had lost the trust of the German people, making it impossible to continue in a role meant to serve as a moral compass for the nation.

Close: Christian Wulff, pictured with German Chancellor Angela Merkel, has been forced to resign after trying to gag newspapers investigating political favours

He was forced to resign after trying to stop German newspapers investigating a home loan scandal involving more than £430,000 received from a businessman friend’s wife – allegations taken up by prosecutors.

Mr Wulff, 52, whose role was mainly ceremonial, admitted making a ‘grave mistake’ by leaving a message on the answering machine of the editor of Germany’s best-selling Bild newspaper threatening ‘war’ if the daily published a story about his private finance dealings.

Berlusconi Could Get Five Years

Italian prosecutors have demanded a five-year prison sentence for former premier Silvio Berlusconi in his trial on corruption charges.

Prosecutor Fabio De Pasquale urged the court to find Mr Berlusconi guilty of having paid a British lawyer 600,000 dollars (£382,000) to lie in other trials involving charges of tax evasion and false accounting related to the billionaire media mogul’s business dealings.

The court is racing toward a verdict before the charges expire due to the statute of limitations. Mr De Pasquale calculated that would happen by mid-July.

This is one of several cases pending against Mr Berlusconi in Milan courts, including a trial on charges of having paid for sex with an underage prostitute.

He stepped down in November after failing to persuade investors he could revive the ailing economy.

source: http://www.independent.ie/breaking-news/world-news/berlusconi-could-get-five-years-3021249.html

Blankfein out as Goldman Sachs CEO by summer?

Exclusive: Goldman Sachs prepares for life after Lloyd Blankfein, and Gary Cohn is the leading candidate to succeed him as CEO.

lloyd_blankfein_gary_cohnGary Cohn, right, is next in line to replace Lloyd Blankfein, left

FORTUNE — Lloyd Blankfein may step down as chief executive of Goldman Sachs as early as this summer; and president and chief operating officer Gary Cohn is the lead candidate to replace him, according to a Goldman executive and a source close to the firm.

A Goldman spokesman declined to comment.

To be sure, anything can happen over the course of the next few months and the departure of Blankfein, 57, is not certain. It is still up in the air whether Blankfein wants to step down. It would also not be unheard of for Blankfein to share the role of CEO, as so many others at Goldman have in the past. Former co-heads include John Weinberg and John Whitehead; Robert Rubin and Stephen Friedman; and Jon Corzine and Henry Paulson.

But corporate governance experts have emphasized that leadership changes at the nation’s largest financial institutions go a long way toward helping those firms move past the troubles – particularly the reputational damages – wrought by the financial crisis. The feisty Blankfein, the son of a postal worker who grew up in Brooklyn, is one of the only big bank CEOs to have kept his job after the financial crisis. The other is Jamie Dimon, CEO of JPMorgan Chase (JPM).

read more: http://finance.fortune.cnn.com/2012/02/17/gary-cohn-goldman-sachs/?iid=Popular

Bank feud: Chairman Giles quits VNB with other directors

A feud over corporate governance compounded an already painful December for a major Central Virginia financial institution. Virginia National Bank has experienced a leadership shake-up that has seen nearly one third of the board of trustees quit including the chairman, Mark Giles.

“My resignation is effective immediately,” Giles tells President Glenn Rust in a December 19 letter that followed an apparently contentious meeting earlier that day. Neither Rust nor Giles, who spent nearly a decade as the Bank’s first president and who chaired the board since 2005, returned repeated telephone messages.

Two other board members, Ms. Claire Gargalli and Mr. Leslie Disharoon, also quit that same Monday in what the bank concedes was a disagreement over the composition of its board of directors. A fourth director on the 13-person board, Neal Kassell, resigned two days later for unstated reasons.

read more: http://www.readthehook.com/102524/bank-feud-chairman-giles-quits-vnb-other-directors

___

From hereon, you can click on any image to read the corresponding article in full…

Arrests in Olympus Scandal Point to Widening Inquiry Into a Cover-Up

Hisashi Mori, the former executive vice president of Olympus, left, and Tsuyoshi Kikukawa, a former chairman and president, were among those arrested

TOKYO — Arrests of seven people Thursday accused of involvement in the $1.7 billion accounting scandal at Olympus, including the company’s former chairman and executive vice president, point to a widening investigation into a cover-up ostensibly carried out by top management with the help of a group of former bankers.

Tsuyoshi Kikukawa, who was the company’s chairman until the scandal broke last fall, was arrested in Tokyo as were two other former executives on suspicion of having falsified financial statements, Tokyo prosecutors said. Two former Nomura investment bankers who had been previously mentioned by investigators were also taken into custody, accused of violating securities laws, and so were two of the bankers’ associates.

By aiming a spotlight on what critics say is Japan’s lax corporate governance, and casting a shadow over one of the country’s former blue-chip companies, the Olympus scandal has become a test of how far Japan is willing to go to fight white-collar crime.

read more: http://www.nytimes.com/2012/02/17/business/global/7-arrested-in-olympus-accounting-cover-up.html?_r=3

Korea Exchange Bank Chief Steps Down

SEOUL, Feb. 10 (Yonhap) — The head of South Korea’s No. 5 lender Korea Exchange Bank (KEB) stepped down after completing his three-year term on Friday, and handing over to his successor, the role of completing the deal to sell the bank to a local counterpart.

Larry Klane, the president of KEB, expressed gratitude to his staff at a farewell ceremony held in central Seoul, for embracing a foreign chief “who’s not used to the country,” adding he did his best to draw a brighter future for the KEB in the midst of financial difficulties.

source: http://english.yonhapnews.co.kr/business/2012/02/10/0503000000AEN20120210005100320.HTML

Head of Russian Bank Regulator Steps Down

The head of supervision at Russia’s central bank has resigned after a series of scandals in which regulators failed to detect massive mismanagement in some of Russia’s largest banks. Gennady Melikyan, deputy governor of the central bank in charge of bank supervision, announced he would step down on Sept. 9. He occupied one of the most hazardous jobs in the Russian financial sector – his predecessor Andrei Kozlov was shot dead in 2006 in an assassination-style hit after launching a crusade to…

read more: http://newsley.com/articles/head-of-russian-bank-regulator-steps-down/206711

AJK Bank’s Executive Steps Down

MIRPUR (AJK) – Zulfiqar Abbasi, Member Board of Directors & Member Audit Committee of The Bank of Azad Jammu & Kashmir, has resigned from both his offices as a protest against the non-functioning of the bank in line with the stipulated banking norms, rules and regulations.

Submitting his resignation to the AJK Minister for Finance Ch Latif Akber, who is also Chairman of the Bank of AJK, Mr Abbasi said that for the last two years he had been insisting the AJK govt to mend their ways towards the affairs of the bank of AJ&K since they were trying to run the bank like a govt department with serious irregularities and violations and their handpicked incompetent management.

read more: http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/national/18-Feb-2012/ajk-bank-s-executive-steps-down?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+pakistan-news-newspaper-daily-english-online%2F24hours-news+%28The+Nation+%3A+Latest+News%29

Saudi Hollandi Banks MD quits

RIYADH: Saudi Hollandi Banks Managing Director Geoffrey Calvert has resigned for personal reasons, the bank announced yesterday. On accepting his resignation at the board of directors meeting held yesterday in Riyadh, it was decided to appoint Dr. Bernd Van Linder, general manager of the treasury, to be the acting managing director of the bank succeeding Calvert.

Mubarak Abdullah Al-Khafrah, chairman of the board of directors, thanked Calvert for his contributions to the development of the bank during his time as managing director. He wished the new acting manager great success. Linder joined the Saudi Hollandi Bank in 2006. He has 12 years banking experience in ABN Amro in different positions.

read more: http://webcache.googleusercontent.com/search?q=cache:ZVfFZypqVIcJ:www.a1saudiarabia.com/4489-saudi-hollandi-banks-md-quits/+&cd=4&hl=en&ct=clnk&gl=us

Ken Ofori-Atta steps down as Executive Chair of Databank Group

Investment banker, Ken Ofori-Atta has stepped down as the Executive Chair of the Databank Group.

He announced his retirement from the investment bank on Tuesday. This will relive him of the day-to-day administration of the firm even though he will stay on as the ceremonial chair.

Mr. Ofori-Atta and Kelly Gadzekpo set up Databank in 1990 and is one of the leading investment banks not only in Ghana but in the sub region. Kelly Gadzekpo is expected to take over as new Chief Executive of the Group.

Mr. Ofori Atta tells JOY BUSINESS he is forced to step down for health reasons.

read more: http://business.thinkghana.com/pages/finance/201202/57429.php

Slovenia’s Two Biggest Banks’ CEOs Step Down as Woes Mount

Nova Ljubljanska Banka d.d. and Nova Kreditna Banka Maribor d.d., Slovenia’s two largest banks, are without chiefs as they struggle with mounting bad loans.

Andrej Plos, the chief executive officer of Nova Kreditna Banka Maribor, who took the helm of Slovenia’s second-biggest bank in January, offered his resignation today without giving a reason. Bozo Jasovic, the CEO of the larger Nova Ljubljanska Banka d.d. stepped down in December over the bank’s attempt to sell the holding in retailer Mercator Poslovni Sistem d.d. to the Croatian rival Agrokor d.d.

“It’s actually hard to believe that the biggest lenders are without a proper leadership in such crucial times for the banking sector and as Slovenia sees its credit rating lowered due to a fragile bank system,” Saso Stanovnik, head of research at Ljubljana brokerage Alta Invest d.d., said in an e-mail today. “One can only hope the new leaderships are in place as soon as possible to tackle the problems of the banking sector.”

Slovenian banks are struggling with mounting losses as the faltering economy pushes more companies into bankruptcy. Lenders in Slovenia, which adopted the euro in 2007, reported 356 million euros ($469 million) of losses last year, the central bank said on Feb. 7.

read more: http://www.bloomberg.com/news/2012-02-15/slovenia-s-nova-kreditna-banka-maribor-ceo-plos-resigns.html

Social finance pioneer Hayday steps down from Charity Bank

Malcolm Hayday, CEO and one of the founders of Charity Bank, has decided to step down from the post this year.

Under Hayday’s leadership, Charity Bank has grown from concept to launching as the world’s first general registered charity that is also an authorised bank.

This year Charity Bank celebrates its 10th anniversary, with the bank’s balance sheet at the end of 2011 exceeding £80m, an increase of almost 20% on the previous year, and many times the opening figure of £6.4m in 2002. It also expects to report a surplus of over £350,000.

read more: http://www.socialenterpriselive.com/section/news/people/20120214/social-finance-pioneer-hayday-steps-down-charity-bank

Two Top Morgan Stanley Bankers Resign

NEW YORK (Reuters) – Morgan Stanley’s (NYSE:MWD – news) two top investment bankers resigned on Wednesday, increasing the pressure on Chief Executive Philip Purcell and raising questions about whether the securities firm can remain independent.

The resignations are the biggest blow yet in a battle raging between Purcell and a group of eight former Morgan Stanley executives seeking to oust him.

Joseph Perella, Morgan’s investment banking chairman and company vice chairman and one of the best-known bankers on Wall Street, resigned after 12 years at the firm. Tarek “Terry” Abdel-Meguid, a long-time Perella deputy and the head of investment banking, also quit.

The firm quickly named new co-heads of its Investment Banking Division and said Perella and Meguid had agreed to stay on for an unspecified transition period.

“Morgan Stanley simply cannot be managed if this much turmoil exists within,” Punk, Ziegel & Co. analyst Dick Bove said. “And if it cannot be effectively managed, I don’t see how Purcell can stay at the top.”

Morgan Stanley’s board responded directly to the dissidents on Wednesday, criticizing their campaign and reaffirming its support for Purcell.

At least 10 traders and bankers have left the firm since Purcell shook up management in the securities business late last month. The departure of Perella is especially painful because of his stature on Wall Street and his recent support for Purcell.

read more: http://www.stockbroker-fraud.com/lawyer-attorney-1133774.html

Key Chavez Minister Resigns Amid Banking Corruption Fallout

By Jeremy Morgan
Latin American Herald Tribune staff

CARACAS — President Hugo Chavez lost one of his closest and oldest collaborators as Science and Technology Minister Jesse Chacon submitted his resignation after his brother was arrested in connection with the crisis in which state control has been imposed on six banks.

Arne Chacon was arrested by the state security service, DISIP, after three more banks, Banco Real, Baninvest and Central, were “intervened” by the government, in addition to the four banks — Canarias, Banpro, Bolívar and Confederado — that were first taken over on November 20 on orders from Finance Minister Ali Rodriguez Araque. Two stockbroking houses have been raided by Disip and prosecutors since then, one of which is said also to have been put under direct state control.

Brought before a court, Chacon was ordered to be held in custody pending further investigation of his possible involvement in three banks, reports said. Chacon’s brother, the minister, said that when he’d heard the news “I called the president and told him that in these conditions I would prefer to resign so that there would be no doubt about our transparency in this investigation.”

Societe Generale’s Investment Banking Chief Steps Down

By MARK SCOTT
Michel Péretié, right, the head of Société Générale’s corporate and investment banking division.Patrick Kovarik/Agence France-Presse — Getty ImagesMichel Péretié, right, the head of Société Générale’s corporate and investment banking division.

LONDON — Michel Péretié, head of Société Générale’s corporate and investment banking division, is leaving the French bank to pursue other opportunities.

Mr. Péretié, who held the position for three years after joining the bank from Bear Stearns, will be succeeded by the division’s chief financial officer, Didier Valet, according to a statement from Société Générale.

Two other appointments also were announced. Christophe Mianné will become deputy chief executive of the division, while Bertrand Badré has been appointed its chief financial officer.

The changes will take effect in January.

Learn more...

rudd

Now that we are witnessing these resignations en masse from the players of the rotten system, we can only ask when will the massive arrests begin?

Another question in everyone’s mind is this: Will Obama resign before his term ends? We do believe that either he resigns or be arrested before his term ends. Alan Caruba agrees with an early resignation, like so:

continue reading »» Massive Resignations Have Started v2.0

You can join the fight against the Dark Cabal and accelerate its demise just by boycotting Big Pharma. You can effectively do this by downloading “Towards Healthcare Emancipation“, a fully illustrated do-it-yourself instructional eBook that will help you in implementing all eClinik methods that would negate the use of expensive medicine, avoid radioactive diagnostics and treatments in completely defeating cancer, AIDS and all other parasitic diseases. These methods, when faithfully followed, work 100% all the time. Find out more about this here.

Health & Medicine - Top Blogs Philippines

This page will continue to expand in the days to come… with your help, of course. 😉