The BEST documentary EVER on the subject! Be prepared… it’s 4 hour long!!
The Money Masters - Part 1 of 2 The Money Masters the documentary discuss the topics of money (as it relates to central banking and … all » fractional reserve banking), debt, taxes and their development throughout the modern world. [edit] Private central banking and fractional reserve banking The documentary criticises the control aspects of modern centralized banking systems and regulation. The film uses as evidence the history of money and banking, showing the viewer how central banks came to be what they are today, and how they operate. It supports its assertions by references and quotations from past Presidents and major players in the banking industry. [edit] Media control The film contends that by the end of World War I private central banks owned and controlled much of America’s large media, paper and film outlets, and that they achieved this through the large consolidation of wealth generated by Fractional-reserve banking and later a fractional based finance system. The film contends this alleged near-monopoly of the financial system goes largely unnoticed or redacted from the human history because of the control of human information exchange through this mainstream media ownership. [edit] Tax The film touches briefly on the U.S. Federal income tax. See also Tax protester constitutional arguments. [edit] Monetary Reform Act By way of conclusion, the film presents an option for a different kind of monetary policy for the United States of America
The Money Masters - Part 2 of 2 The Money Masters the documentary discuss the topics of money (as it relates to central banking and fractional reserve banking), debt, taxes and their development throughout the modern world. [edit] Private central banking and fractional reserve banking The documentary criticises the control aspects of modern centralized banking systems and regulation. The film uses as evidence the history of money and banking, showing the viewer how central banks came to be what they are today, and how they operate. It supports its assertions by references and quotations from past Presidents and major players in the banking industry. [edit] Media control The film contends that by the end of World War I private central banks owned and controlled much of America’s large media, paper and film outlets, and that they achieved this through the large consolidation of wealth generated by Fractional-reserve banking and later a fractional based finance system. The film contends this alleged near-monopoly of the financial system goes largely unnoticed or redacted from the human history because of the control of human information exchange through this mainstream media ownership. [edit] Tax The film touches briefly on the U.S. Federal income tax. See also Tax protester constitutional arguments. [edit] Monetary Reform Act By way of conclusion, the film presents an option for a different kind of monetary policy for the United States of America
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Russia and Venezuela in deal to counter ‘US aggression’
Adrian Blomfield
London Telegraph
July 23, 2008
With a long shopping list for state-of-the-art defence equipment under his arm, Mr Chavez did his best to ingratiate himself with his hosts.
He first signed off on a deal giving Russia’s state-owned energy companies – often accused of doubling as private piggy banks for powerful Kremlin forces – exclusive rights to develop new deposits Venezuela’s Orinoco Oil Belt.
Then he switched smoothly to flattery, with a call for the Russian ruble to replace the US dollar as the world’s global currency.
“We in OPEC have proposed to put an end to the dollar,” Mr Chavez said, speaking in his role as self-appointed spokesman for the Organisation of Petroleum Exporting Countries.
Mr Chavez was given correspondingly warm welcome as he met with one old friend, prime minister Vladimir Putin, and one new one in the form of president Dmitry Medvedev.
Mr Medvedev was particularly effusive, describing Venezuela as Russia’s “most important partner”.
Ignoring accusations of electoral fraud and authoritarianism that have been directed at both countries, Mr Medvedev told his guest: “We have one common task; to make the surrounding world more democratic, fair and secure.”
Russia needs bombers in Cuba due to NATO expansion - ex-commander
RIA Novosti
July 21, 2008
The possible deployment of Russian strategic bombers in Cuba may be an effective response to the placement of NATO bases near Russia’s borders, a former Air Force commander said on Monday.
Russian daily Izvestia earlier on Monday cited a senior Russian military source as saying that Russian strategic bombers could be stationed again in Cuba, only 90 miles from the U.S. coast, in response to the U.S. missile shield in Europe.
“If these plans are being considered, it would be a good response to the attempts to place NATO bases near the Russian borders,” Gen. of the Army Pyotr Deinekin told RIA Novosti.
“I do not see anything wrong with it because nobody listens to our objections when they place airbases and electronic monitoring and surveillance stations near our borders,” the general said.
However, Deinekin said the possibility of Russian bombers being stationed in Cuba is largely hypothetical, because Russia’s Tu-160 Blackjack and Tu-95MS Bear strategic bombers are both capable of reaching the U.S. coast, patrolling the area for about 1.5 hours, and returning to airbases in Russia with mid-air refueling.
Russia resumed strategic bomber patrol flights over the Pacific, Atlantic, and Arctic oceans last August, following an order signed by former president Vladimir Putin. Russian bombers have since carried out over 80 strategic patrol flights and have often been escorted by NATO planes.
Deinekin suggested that Cuba could be used as a refueling stopover for Russian aircraft rather than as a permanent base, because the Russian political and military leadership would be unlikely to take such a drastic step under current global political conditions.
In October 1962, the Cuban Missile Crisis brought U.S. and the U.S.S.R. to the brink of nuclear war when Soviet missiles were stationed in Cuba.
The crisis was resolved after 12 days when the Soviet leader, Nikita Khrushchev, backed down and ordered the missiles removed.
Moscow had a military presence on Cuba for almost four decades after that, maintaining an electronic listening post at Lourdes, about 20 km (12.5 miles) from Havana, to monitor U.S. military moves and communications.
Russia was paying $200 million a year to lease the base, which it closed down in January 2002.
http://rawstory.com/news/afp/US_gen..ssia_on_nuclear__07222008.htmlThe Medvedev proposal: Russia’s “New Order” of security relations incorporating the US, Russia and the European Union
http://www.indymedia.org/en/2008/07/910222.shtml
Belarus secretly delivers Russian warplanes to Sudan
http://en.rian.ru/world/20080721/114537636.html
Russian warship arrives in Norway for Northern Eagle 2008 exercise
http://www.globalsecurity.org/wmd/l..08/russia-080717-rianovosti01.htm
Putin Wants Closer Military Ties With Venezuela
http://www.globalsecurity.org/militar..8/07/mil-080722-rianovosti02.htm
Russian missile cruiser begins patrols around Spitsbergen
http://en.rian.ru/russia/20080722/114639422.html
Russia concerned over U.S.-Ukraine Black Sea military exercises
http://en.rian.ru/world/20080718/114389691.html
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A follow up telephone call with George Green about the financial collapse of the US economy.
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Police Threaten IndyMAC Customers With Arrest
Daily News
July 15, 2008
Police ordered angry customers lined up outside an IndyMac Bank branch to remain calm or face arrest Tuesday as they tried to pull their money on the second day of the failed institution’s federal takeover.
At least three police squad cars showed up early Tuesday as tensions rose outside the San Fernando Valley branch of Pasadena-based IndyMac.
Federal regulators seized Pasadena-based IndyMac on Friday and reopened the bank Monday under the control of the Federal Deposit Insurance Corporation. Deposits to $100,000 are fully insured by the FDIC.
Worried customers with deposits in excess of insured limits flooded IndyMac Bank branches on Monday, demanding to withdraw as much money as they could or get answers about the fate of their funds.
When it was clear some wouldn’t get in before closing, FDIC employees apparently took down names and told them to return Tuesday.
Other customers began lining up at 1:30 a.m. Tuesday, and by dawn, tensions escalated because people on the list were getting priority.
By 8 a.m., about 50 people on the list waited in one line and many more waited in another.
Five people were allowed in at a time.
Customers became infuriated, and police told them they could be arrested if they didn’t remain calm.
Police stood by at some other branches around Southern California but there were no other reports of problems.
$1 Billion of uninsured deposits lost in IndyMAC collapse
http://news.yahoo.com/s/ap/20080716/ap_..hV3SphAft82dzYRq61lv24cAIndyMac depositors line up for cash after seizure
http://www.reuters.com/article/topNews/idUS..pNews&rpc=22&sp=true
http://www.azcentral.com/news/artic..mortgage-investigation0716-ON.htmlMerill Lynch Posts Loss Of $4.6 Billion
http://news.yahoo.com/s/afp/2..gVyF2eFsdB6zZUjUSc5tL2oOrgF
Bank Shares Plummet Amid Stability Fears
http://biz.yahoo.com/rb/080714/financial_shares.html?printer=1
Banks hit by fallout from the crisis at IndyMac
http://www.latimes.com/business/la-fi-indymac15-2008jul15,0,431088.story
List Of Troubled Banks Worries Wall Street
http://abcnews.go.com/Blotter/story?id=5374205
JP Morgan CEO: ’We’re very early in the loss curve’
http://www.housingwire.com/2008/07/..mon-prime-mortgages-look-terrible/
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Bloomberg
July 21, 2008
Investors who plowed money into Wachovia Corp. and Washington Mutual Inc. last week after competitors posted better-than-expected quarters may find out tomorrow if that was a good idea when the two lenders report their own results.
Wachovia and Washington Mutual may have combined second- quarter losses of $3.8 billion, according to analysts surveyed by Bloomberg. Wachovia, the nation’s fourth-biggest bank by assets, and Washington Mutual, the largest saving and loan, rank among the top providers of “option-ARM’’ and subprime mortgages that now have some of the highest default rates.
“These are certainly troubled companies that aren’t going to improve anytime soon,’’ said Jack Ablin, chief investment officer at Chicago-based Harris Private Bank, which oversees $65 billion. “I still would need to see the banking sector as a whole show some sort of fundamental improvement’’ along with better housing data, he said.
http://biz.yahoo.com/ap/080715/banks.htmlWachovia Securities Raided By Inspectors
http://www.reuters.com/article..74920080717?sp=true
WaMu Says It Is Well Capitalized
http://www.bloomberg.com/apps/ne..aSx0z01vzYQY&refer=worldwide
WaMu, National City Lead Steepest Bank Stock Decline Since 1989
http://www.bloomberg.com/apps/news?pi..ZefOI&refer=home
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IHT
July 14, 2008
As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year.
But after a large mortgage lender in California collapsed late Friday, Wall Street analysts began posing two crucial questions: Just how many banks might falter? And, more urgently, which one could be next?
The nation’s banks are in far less danger than they were in the late 1980s and early 1990s, when more than 1,000 federally insured institutions went under during the savings-and-loan crisis. The debacle, the greatest collapse of American financial institutions since the Depression, prompted a government bailout that cost taxpayers about $125 billion.
But the troubles are growing so rapidly at some small and midsize banks that as many as 150 out of the 7,500 banks nationwide could fail over the next 12 to 18 months, analysts say. Other lenders are likely to shut branches or seek mergers.
“Everybody is drawing up lists, trying to figure out who the next bank is, No. 1, and No. 2, how many of them are there,” said Richard Bove, the banking analyst with Ladenburg Thalmann, who released a list of troubled banks over the weekend. “And No. 3, from the standpoint of Washington, how badly is it going to affect the economy?”
Many investors are on edge after federal regulators seized the California lender, IndyMac Bank, one of the nation’s largest savings and loans, last week. With $32 billion in assets, IndyMac, a spinoff of the Countrywide Financial Corporation, was the biggest American lender to fail in more than two decades.
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U.S. Taxpayers to pay for Wall Street Banking Collapse
WSWS
July 10, 2008
In speeches delivered Tuesday, Federal Reserve Board Chairman Ben Bernanke and Treasury Secretary Henry Paulson outlined the ruthless class policy being carried out to place the burden for the financial and housing crisis on the backs of working people.
Bernanke indicated that the Fed would extend its policy of offering unlimited loans to major Wall Street investment banks. The provision of Fed funds to non-commercial banks and brokerage firms, a departure from the Fed’s legal mandate without precedent since the Great Depression, is part of a policy of bailing out the banking system to the tune of hundreds of billions of dollars. The Fed announced its loan program for investment banks last March when it dispensed $29 billion to JPMorgan Chase as part of a rescue operation to prevent the collapse of Bear Stearns.
In his speech, Treasury Secretary Paulson acknowledged that home foreclosures in 2007 reached 1.5 million and predicted another 2.5 million homes would be foreclosed in 2008. But he made clear that nothing would be done to save the vast majority of distressed homeowners from being thrown onto the street.
Paulson, the former CEO of Goldman Sachs, said that “many of today’s unusually high number of foreclosures are not preventable.” With a callous indifference reminiscent of Marie Antoinette’s “Let them eat cake,” he went on to say that “some people took out mortgages they can’t possibly afford and they will lose their homes. There is little public policymakers can, or should, do to compensate for untenable financial decisions.”
In other words, low-income home owners who were lured into high-interest mortgages by predatory mortgage companies and banks are getting their just deserts! Of course, the Wall Street CEOs and big investors who made billions of dollars by speculating on these loans, creating a vast edifice of fictitious capital that was bound to collapse, are not to be held accountable for any “untenable financial decisions.” On the contrary, they are to be subsidized with hundreds of billions of dollars of credit, ultimately to be paid for by public funds.
The two speeches, presented at a Federal Deposit Insurance Corporation forum on the housing crisis held in Virginia, underscore the real social interests—those of the financial aristocracy—that are being protected by the policies of the Fed, the Bush administration, and the Democratic Congress.
Bernanke made clear that his call for an extension of loans to big investment banks is part of a more comprehensive proposal to systemize and regularize federal subsidies and bailouts for troubled banking giants. Particularly significant was the following remark: “Because the resolution of a failing securities firm might have fiscal implications, it would be appropriate for the Treasury to take a leading role in any such process, in consultation with the firm’s regulator and other authorities.” The implication is that the US Treasury should be ready to fund bank bail-outs with whatever taxpayer funds are necessary.
In neither speech was there even a hint that the government has any responsibility to protect home owners, or that the people responsible for the “lax credit and underwriting standards” that led to the current crisis might be called to account by regulators, Congress, or the courts.