Infinite Unknown

YouTube Added: 19.03.2013

Tags: Alex Jones, Bank of England, Banking, Cyprus, Dictatorship, ECB, EU, Europe, Fascism, Gerald Celente, Global News, Goldman Sachs, Government, Henry Paulson, Mario Draghi, Mark Carney, New World Order, Robert Rubin

- Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP’s Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury (PR Newswire, Oct 25, 2012):

NEW YORK, Oct. 25, 2012 /PRNewswire/ — Spire Law Group, LLP’s national home owners’ lawsuit, pending in the venue where the “Banksters” control their $43 trillion racketeering scheme (New York) – known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion ($43,000,000,000,000.00) of laundered money by the “Banksters” and their U.S. racketeering partners and joint venturers – now pinpoints the identities of the key racketeering partners of the “Banksters” located in the highest offices of government and acting for their own self-interests.

In connection with the federal lawsuit now impending in the United States District Court in Brooklyn, New York (Case No. 12-cv-04269-JBW-RML) – involving, among other things, a request that the District Court enjoin all mortgage foreclosures by the Banksters nationwide, unless and until the entire $43 trillion is repaid to a court-appointed receiver – Plaintiffs  now establish the location of the $43 trillion ($43,000,000,000,000.00) of laundered money in a racketeering enterprise participated in by the following individuals (without limitation):  Attorney General Holder acting in his individual capacity, Assistant Attorney General Tony West, the brother in law of Defendant California Attorney General Kamala Harris (both acting in their individual capacities), Jon Corzine (former New Jersey Governor), Robert Rubin (former Treasury Secretary and Bankster), Timothy Geitner, Treasury Secretary (acting in his individual capacity), Vikram Pandit (recently resigned and disgraced Chairman of the Board of Citigroup), Valerie Jarrett (a Senior White House Advisor), Anita Dunn (a former “communications director” for the Obama Administration), Robert Bauer (husband of Anita Dunn and Chief Legal Counsel for the Obama Re-election Campaign), as well as the “Banksters” themselves, and their affiliates and conduits.  The lawsuit alleges serial violations of the United States Patriot Act, the Policy of Embargo Against Iran and Countries Hostile to the Foreign Policy of the United States, and the Racketeer Influenced and Corrupt Organizations Act (commonly known as the RICO statute) and other State and Federal laws. Continue reading »

Tags: Bank of America, Banking, Barack Obama, Citigroup, Eric Holder, Fed, Federal Reserve, Global News, Goldman Sachs, Government, JPMorgan, Neil Barofsky, Obama administration, Politics, Robert Rubin, TARP, Timothy Geithner, U.S., Wells Fargo

A MUST-SEE!

And watch Joe Biden in the second video!

See also:

- The Federal Reserve And The $16 Trillion Bankster Bailout

If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.
– New York Post

When CNN wants to know about the Top Trends, we ask Gerald Celente.
– CNN Headline News

There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.
- CNBC

Those who take their predictions seriously … consider the Trends Research Institute.
– The Wall Street Journal

A network of 25 experts whose range of specialties would rival many university faculties.
– The Economist

YouTube Added: 03.12.2011

YouTube Added: 03.12.2011

Don’t miss:

- The New American: US Senate Traitors Pass ‘Indefinite Detention’ Bill S.1867, Create A Military Police State – Senator Rand Paul’s Adress To The American People (Video)

- Business Insider: The Media’s Blackout Of The National Defense Authorization Act Is Shameful – ‘IF THIS BILL PASSES IN ITS CURRENT FORM THE UNITED STATES WILL BE A MILITARY POLICE STATE’ (Video)

- Constitutional lawyer (Yale Law School graduate) & Founder Of Oath Keepers Stewart Rhodes: Senate Bill Declares War On Americans (Video)

- Wired: U.S. Senate Wants The Military To Lock You Up Without Trial

- Natural News: Occupied America: Senate Bill 1867 Would Allow US Military To Detain And Murder Anti-Government Protesters In American Cities

- FOX News: Freedom Watch – Judge Napolitano Interviews Rand Paul On Unconstitutional INDEFINITE DETENTION Bill S. 1867 (Video)

- InfoWars: Senate Bill Would Allow US Military To Indefinitely Detain Americans Without Charge Or Trial Anywhere In The World

- Mother Jones: Is the US Getting Domestic Indefinite Military Detention (Also For US Citizens And Legal Permanent Residents) For Thanksgiving?

Tags: Banking, Barack Obama, Bonds, CFTC, CME, Debt, Defense Department, Democrats, Dictatorship, Economy, EU, Europe, Fascism, Gerald Celente, Global News, Gold, Goldman Sachs, Government, Henry Paulson, Indefinite Detention, Joe Biden, Jon Corzine, Law, Martial Law, MF Global, Military, New World Order, Obama administration, Pentagon, Police State, Politics, Republicans, Robert Rubin, Society, U.S., Wall Street

- Bilderberg Group 2011: Full Official Attendee List:

“Thanks to the fantastic work of Bilderberg activists, journalists and the Swiss media, we have now been able to obtain the full official list of 2011 Bilderberg attendees. Routinely, some members request that their names be kept off the roster so there will be additional Bilderbergers in attendance.

Belgium

• Coene, Luc, Governor, National Bank of Belgium
• Davignon, Etienne, Minister of State
• Leysen, Thomas, Chairman, Umicore

China

• Fu, Ying, Vice Minister of Foreign Affairs
• Huang, Yiping, Professor of Economics, China Center for Economic Research, Peking University

Denmark

• Eldrup, Anders, CEO, DONG Energy
• Federspiel, Ulrik, Vice President, Global Affairs, Haldor Topsøe A/S
• Schütze, Peter, Member of the Executive Management, Nordea Bank AB

Germany

• Ackermann, Josef, Chairman of the Management Board and the Group Executive Committee, Deutsche Bank
• Enders, Thomas, CEO, Airbus SAS
• Löscher, Peter, President and CEO, Siemens AG
• Nass, Matthias, Chief International Correspondent, Die Zeit
• Steinbrück, Peer, Member of the Bundestag; Former Minister of Finance Continue reading »

Tags: Airbus, Amazon, Bilderberg, Bilderberg 2011, Daniel Vasella, Deutsche Bank, Economy, Eric Schmidt, Fiat, George Osborne, George Papaconstantinou, Global News, Government, Henry Kissinger, Herman Van Rompuy, James Wolfensohn, Jean-Claude Trichet, Jeff Bezos, John Elkann, John Kerr, Josef Ackermann, Kevin Warsh, Klaus Kleinfeld, Marcus Agius, Mario Monti, Novartis, Peer Steinbrück, Peter Brabeck-Letmathe, Peter Löscher, Peter Mandelson, Peter Orzag, Peter Sutherland, Politics, Queen Beatrix, Queen Sofia, Richard Perle, Robert Rubin, Robert Zoellick, Rockefeller, Siemens, Society, St. Moritz, Switzerland, Thomas Enders

Update:

- Appellate Court Removes Rahm Emanuel Off Chicago Ballot, Because He Does Not Meet The Residency Requirement For Eligible Candidates

The elite puppet Mafia exposed:

- EXPOSED: Barack Obama, Rahm Emanuel and the Chicago Political Syndicate – Total Corruption

Again:

- Elite Puppet President Obama Exposed (Video exposes also several other elite puppet Republican and Democrat US Administrations)

Americans never had a choice.

With former elite puppet President Bill Clinton promoting and raising for Rahmbo.

Donald Trump, Aaron Sorkin and Steven Spielberg have written checks for Emanuel. | AP Photos

Rahm Emanuel has tapped his super-agent brother Ari’s Hollywood money network big-time in his bid to become Chicago mayor, gobbling up five- and six-figure checks from the likes of Steven Spielberg, “West Wing” creator Aaron Sorkin, Dreamworks mogul Jeffrey Katzenberg, and the Napster founder played by Justin Timberlake in “The Social Network.”

But Emanuel’s stunning multi-million haul wasn’t limited to the bright lights of the sunset strip — it also included huge payouts from CEOs and hedge fund managers across from New York to Silicon Valley, Apple CEO Steve Jobs, Donald Trump and former Treasury Secretary Robert Rubin.

Emanuel’s shop announced Thursday afternoon it had collected $11.7 million, including $1.1 million already in the former congressman’s funds, since unofficially launching his campaign in October. That total — almost identical to what Gov. Pat Quinn spent in his statewide gubernatorial race this fall — puts Emanuel in a strong position as he tries to replace long-time mayor Richard M. Daley.

Emanuel already has spent $2.2 million on friend David Axelrod’s Chicago-based communications firm to produce commercials that remind Chicago voters that the man who lived in DC for the past year and a half is still a native son.

Continue reading »

Tags: Aaron Sorkin, Chicago, Donald Trump, Global News, Government, Jeffrey Katzenberg, Justin Timberlake, Politics, Rahm Emanuel, Robert Rubin, Steve Jobs, Steven Spielberg, U.S.

Silver will skyrocket:

- Silver: Shortage This Decade, Will Be Worth More Than Gold (MUST-SEE!)

Added: 10. December 2010

Related information:

- The Ultimate Cost of 0% Money

- These Central Banks Are Printing Money – Prepare Yourself

- Quantitative Easing Explained

Gold:

- ‘GoldNomics’: Cash or Gold Bullion?

- George Soros’ and John Paulson’s Biggest Holding Is GOLD

- China, Russia, Iran are Dumping the Dollar, Buy Gold And Silver

- Gold and Gold Mining Shares As a Percentage of Global Assets or ‘The Once In a Lifetime Ride’

Silver:

- US Mint Reports Unprecedented Buying Spree Of Physical Silver

- BullionVault.com Runs Out Of Silver In Germany

- Silver: Shortage This Decade, Will Be Worth More Than Gold

- Silver Derivatives – China and JP Morgan

- Max Keiser: Want JP Morgan to Crash? Buy Silver!

- Max Keiser: Crash JP Morgan – Buy Silver!

- JPMorgan Silver Manipulation Explained (Must-See!)

And don’t forget to do this (!!!):

- James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System

Tags: Bank of England, Bill Murphy, Bonds, Debt, Deutsche Bank, Dollar, Economy, Fed, Federal Reserve, Global News, Gold, Goldman Sachs, Government, Inflation, JPMorgan, Politics, Robert Rubin, Silver, Treasury, U.K., U.S.

Bilderberg Meetings
Sitges, Spain 3-6 June 2010

Final List of Participants

Honorary Chairman BEL Davignon, Etienne Vice Chairman, Suez-Tractebel

DEU Ackermann, Josef Chairman of the Management Board and the Group Executive Committee, Deutsche Bank AG
GBR Agius, Marcus Chairman, Barclays Bank PLC
ESP Alierta, César Chairman and CEO, Telefónica
INT Almunia, Joaquín Commissioner, European Commission
USA Altman, Roger C. Chairman, Evercore Partners Inc.
USA Arrison, Sonia Author and policy analyst
SWE Bäckström, Urban Director General, Confederation of Swedish Enterprise
PRT Balsemão, Francisco Pinto Chairman and CEO, IMPRESA, S.G.P.S.; Former Prime Minister
ITA Bernabè, Franco CEO, Telecom Italia S.p.A.
SWE Bildt, Carl Minister of Foreign Affairs
FIN Blåfield, Antti Senior Editorial Writer, Helsingin Sanomat
ESP Botín, Ana P. Executive Chairman, Banesto
NOR Brandtzæg, Svein Richard CEO, Norsk Hydro ASA
AUT Bronner, Oscar Publisher and Editor, Der Standard
TUR Çakir, Ruşen Journalist
CAN Campbell, Gordon Premier of British Columbia
ESP Carvajal Urquijo, Jaime Managing Director, Advent International
FRA Castries, Henri de Chairman of the Management Board and CEO, AXA
ESP Cebrián, Juan Luis CEO, PRISA
ESP Cisneros, Gustavo A. Chairman and CEO, Cisneros Group of Companies
CAN Clark, W. Edmund President and CEO, TD Bank Financial Group
USA Collins, Timothy C. Senior Managing Director and CEO, Ripplewood Holdings, LLC
ITA Conti, Fulvio CEO and General Manager, Enel SpA
GRC David, George A. Chairman, Coca-Cola H.B.C. S.A.
DNK Eldrup, Anders CEO, DONG Energy
ITA Elkann, John Chairman, Fiat S.p.A.
DEU Enders, Thomas CEO, Airbus SAS
ESP Entrecanales, José M. Chairman, Acciona
DNK Federspiel, Ulrik Vice President Global Affairs, Haldor Topsøe A/S
USA Feldstein, Martin S. George F. Baker Professor of Economics, Harvard University
USA Ferguson, Niall Laurence A. Tisch Professor of History, Harvard University
AUT Fischer, Heinz Federal President
IRL Gallagher, Paul Attorney General
USA Gates, William H. Co-chair, Bill & Melinda Gates Foundation and Chairman, Microsoft Corporation
USA Gordon, Philip H. Assistant Secretary of State for European and Eurasian Affairs
USA Graham, Donald E. Chairman and CEO, The Washington Post Company
INT Gucht, Karel de Commissioner, European Commission
TUR Gürel, Z. Damla Special Adviser to the President on EU Affairs
NLD Halberstadt, Victor Professor of Economics, Leiden University; Former Honorary Secretary General of Bilderberg Meetings
USA Holbrooke, Richard C. Special Representative for Afghanistan and Pakistan
NLD Hommen, Jan H.M. Chairman, ING Group
USA Hormats, Robert D. Under Secretary for Economic, Energy and Agricultural Affairs
BEL Huyghebaert, Jan Chairman of the Board of Directors, KBC Group
USA Johnson, James A. Vice Chairman, Perseus, LLC
FIN Katainen, Jyrki Minister of Finance
USA Keane, John M. Senior Partner, SCP Partners
GBR Kerr, John Member, House of Lords; Deputy Chairman, Royal Dutch Shell plc.
USA Kissinger, Henry A. Chairman, Kissinger Associates, Inc.
USA Kleinfeld, Klaus Chairman and CEO, Alcoa
TUR Koç, Mustafa V. Chairman, Koç Holding A.Ş.
USA Kravis, Henry R. Founding Partner, Kohlberg Kravis Roberts & Co.
USA Kravis, Marie-Josée Senior Fellow, Hudson Institute, Inc.
INT Kroes, Neelie Commissioner, European Commission
USA Lander, Eric S. President and Director, Broad Institute of Harvard and MIT
FRA Lauvergeon, Anne Chairman of the Executive Board, AREVA
ESP León Gross, Bernardino Secretary General, Office of the Prime Minister
DEU Löscher, Peter Chairman of the Board of Management, Siemens AG
NOR Magnus, Birger Chairman, Storebrand ASA
CAN Mansbridge, Peter Chief Correspondent, Canadian Broadcasting Corporation
USA Mathews, Jessica T. President, Carnegie Endowment for International Peace
CAN McKenna, Frank Deputy Chair, TD Bank Financial Group
GBR Micklethwait, John Editor-in-Chief, The Economist
FRA Montbrial, Thierry de President, French Institute for International Relations
ITA Monti, Mario President, Universita Commerciale Luigi Bocconi
INT Moyo, Dambisa F. Economist and Author
USA Mundie, Craig J. Chief Research and Strategy Officer, Microsoft Corporation
NOR Myklebust, Egil Former Chairman of the Board of Directors SAS, Norsk Hydro ASA
USA Naím, Moisés Editor-in-Chief, Foreign Policy
NLD Netherlands, H.M. the Queen of the
ESP Nin Génova, Juan María President and CEO, La Caixa
DNK Nyrup Rasmussen, Poul Former Prime Minister
GBR Oldham, John National Clinical Lead for Quality and Productivity
FIN Ollila, Jorma Chairman, Royal Dutch Shell plc
USA Orszag, Peter R. Director, Office of Management and Budget
TUR Özilhan, Tuncay Chairman, Anadolu Group
ITA Padoa-Schioppa, Tommaso Former Minister of Finance; President of Notre Europe
GRC Papaconstantinou, George Minister of Finance
USA Parker, Sean Managing Partner, Founders Fund
USA Pearl, Frank H. Chairman and CEO, Perseus, LLC
USA Perle, Richard N. Resident Fellow, American Enterprise Institute for Public Policy Research
ESP Polanco, Ignacio Chairman, Grupo PRISA
CAN Prichard, J. Robert S. President and CEO, Metrolinx
FRA Ramanantsoa, Bernard Dean, HEC Paris Group
PRT Rangel, Paulo Member, European Parliament
CAN Reisman, Heather M. Chair and CEO, Indigo Books & Music Inc.
SWE Renström, Lars President and CEO, Alfa Laval
NLD Rinnooy Kan, Alexander H.G. Chairman, Social and Economic Council of the Netherlands (SER)
ITA Rocca, Gianfelice Chairman, Techint
ESP Rodriguez Inciarte, Matías Executive Vice Chairman, Grupo Santander
USA Rose, Charlie Producer, Rose Communications
USA Rubin, Robert E. Co-Chairman, Council on Foreign Relations; Former Secretary of the Treasury
TUR Sabanci Dinçer, Suzan Chairman, Akbank
ITA Scaroni, Paolo CEO, Eni S.p.A.
USA Schmidt, Eric CEO and Chairman of the Board, Google
AUT Scholten, Rudolf Member of the Board of Executive Directors, Oesterreichische Kontrollbank AG
DEU Scholz, Olaf Vice Chairman, SPD
INT Sheeran, Josette Executive Director, United Nations World Food Programme
INT Solana Madariaga, Javier Former Secretary General, Council of the European Union
ESP Spain, H.M. the Queen of
USA Steinberg, James B. Deputy Secretary of State
INT Stigson, Björn President, World Business Council for Sustainable Development
USA Summers, Lawrence H. Director, National Economic Council
IRL Sutherland, Peter D. Chairman, Goldman Sachs International
GBR Taylor, J. Martin Chairman, Syngenta International AG
PRT Teixeira dos Santos, Fernando Minister of State and Finance
USA Thiel, Peter A. President, Clarium Capital Management, LLC
GRC Tsoukalis, Loukas President, ELIAMEP
INT Tumpel-Gugerell, Gertrude Member of the Executive Board, European Central Bank
USA Varney, Christine A. Assistant Attorney General for Antitrust
CHE Vasella, Daniel L. Chairman, Novartis AG
USA Volcker, Paul A. Chairman, Economic Recovery Advisory Board
CHE Voser, Peter CEO, Royal Dutch Shell plc
FIN Wahlroos, Björn Chairman, Sampo plc
CHE Waldvogel, Francis A. Chairman, Novartis Venture Fund
SWE Wallenberg, Jacob Chairman, Investor AB
NLD Wellink, Nout President, De Nederlandsche Bank
USA West, F.J. Bing Author
GBR Williams, Shirley Member, House of Lords
USA Wolfensohn, James D. Chairman, Wolfensohn & Company, LLC
ESP Zapatero, José Luis Rodríguez Prime Minister
DEU Zetsche, Dieter Chairman, Daimler AG
INT Zoellick, Robert B. President, The World Bank Group

Rapporteurs
GBR Bredow, Vendeline von Business Correspondent, The Economist
GBR Wooldridge, Adrian D. Business Correspondent, The Economist

Source: Bilderberg Meetings

See also:

- Spanish PM to Open Secretive Bilderberg Club Meeting in Sitges

- Bilderberg 2010: The Shadowy Global Elite Is Meeting In Sitges

- Bilderberg investigation revealed to European Parliament

- The Elitist Takeover of Poland: IMF’s Marek Belka, Polish Ex-PM and Bilderberg Member Proposed as Polish Central Bank Head

Tags: Airbus, Austria, Bilderberg, Coca Cola, Daimler, Deutsche Bank, Dieter Zetsche, Economy, EU, Euro, Europe, Fiat, France, Gates Foundation, George A. David, Germany, Henry Kissinger, Italy, James Wolfensohn, John Elkann, John Micklethwait, José Luis Rodríguez Zapatero, Josef Ackermann, Klaus Kleinfeld, Larry Summers, Marcus Agius, Paul Volcker, Politics, Richard Holbrooke, Richard Perle, Robert Rubin, Robert Zoellick, Siemens, Sitges, Spain, Thomas Enders, U.K., U.S.

Added: 3. März 2010

Continue reading »

Tags: AIG, Bailout, Banking, Bill Clinton, Bubble, CO2, Commodities, Derivatives, Derivatives market, Economy, Financial Crisis, Global News, Goldman Sachs, Government, Henry Paulson, Internet, Larry Summers, Mortgage crisis, Mortgages, Oil, Oil Prices, Politics, Robert Rubin, Timothy Geithner, U.S., Wall Street

Goldman Sachs and other big banks aren’t just pocketing the trillions we gave them to rescue the economy – they’re re-creating the conditions for another crash

On January 21st, Lloyd Blankfein left a peculiar voicemail message on the work phones of his employees at Goldman Sachs. Fast becoming America’s pre-eminent Marvel Comics supervillain, the CEO used the call to deploy his secret weapon: a pair of giant, nuclear-powered testicles. In his message, Blankfein addressed his plan to pay out gigantic year-end bonuses amid widespread controversy over Goldman’s role in precipitating the global financial crisis.

The bank had already set aside a tidy $16.2 billion for salaries and bonuses – meaning that Goldman employees were each set to take home an average of $498,246, a number roughly commensurate with what they received during the bubble years. Still, the troops were worried: There were rumors that Dr. Ballsachs, bowing to political pressure, might be forced to scale the number back. After all, the country was broke, 14.8 million Americans were stranded on the unemployment line, and Barack Obama and the Democrats were trying to recover the populist high ground after their bitch-whipping in Massachusetts by calling for a “bailout tax” on banks. Maybe this wasn’t the right time for Goldman to be throwing its annual Roman bonus orgy.

Not to worry, Blankfein reassured employees. “In a year that proved to have no shortage of story lines,” he said, “I believe very strongly that performance is the ultimate narrative.”

Translation: We made a shitload of money last year because we’re so amazing at our jobs, so fuck all those people who want us to reduce our bonuses.

Goldman wasn’t alone. The nation’s six largest banks – all committed to this balls-out, I drink your milkshake! strategy of flagrantly gorging themselves as America goes hungry – set aside a whopping $140 billion for executive compensation last year, a sum only slightly less than the $164 billion they paid themselves in the pre-crash year of 2007. In a gesture of self-sacrifice, Blankfein himself took a humiliatingly low bonus of $9 million, less than the 2009 pay of elephantine New York Knicks washout Eddy Curry. But in reality, not much had changed. “What is the state of our moral being when Lloyd Blankfein taking a $9 million bonus is viewed as this great act of contrition, when every penny of it was a direct transfer from the taxpayer?” asks Eliot Spitzer, who tried to hold Wall Street accountable during his own ill-fated stint as governor of New York.

Beyond a few such bleats of outrage, however, the huge payout was met, by and large, with a collective sigh of resignation. Because beneath America’s populist veneer, on a more subtle strata of the national psyche, there remains a strong temptation to not really give a shit. The rich, after all, have always made way too much money; what’s the difference if some fat cat in New York pockets $20 million instead of $10 million?

The only reason such apathy exists, however, is because there’s still a widespread misunderstanding of how exactly Wall Street “earns” its money, with emphasis on the quotation marks around “earns.” The question everyone should be asking, as one bailout recipient after another posts massive profits – Goldman reported $13.4 billion in profits last year, after paying out that $16.2 billion in bonuses and compensation – is this: In an economy as horrible as ours, with every factory town between New York and Los Angeles looking like those hollowed-out ghost ships we see on History Channel documentaries like Shipwrecks of the Great Lakes, where in the hell did Wall Street’s eye-popping profits come from, exactly? Did Goldman go from bailout city to $13.4 billion in the black because, as Blankfein suggests, its “performance” was just that awesome? A year and a half after they were minutes away from bankruptcy, how are these assholes not only back on their feet again, but hauling in bonuses at the same rate they were during the bubble?

The answer to that question is basically twofold: They raped the taxpayer, and they raped their clients. Continue reading »

Tags: AIG, Alan Greenspan, Bailout, Bank of America, Banking, Bankruptcy, Ben Bernanke, Bonds, Brad Sherman, Bubble, Citigroup, Debt, Economy, FDIC, Fed, Federal Reserve, Goldman Sachs, Government, JPMorgan, Matt Taibbi, Morgan Stanley, Mortgage crisis, Mortgages, Politics, Ponzi schemes, Robert Rubin, Societe Generale, Taxpayers, Timothy Geithner, Treasury, Wall Street

JPMorgan vs. Goldman Sachs: Why the Market Was Down for 7 Days in a Row

We are witnessing an epic battle between two banking giants, JPMorgan Chase (Paul Volcker) and Goldman Sachs (Geithner/Summers/Rubin). Left strewn on the battleground could be your pension fund and 401K.

The late Libertarian economist, Murray Rothbard, wrote that U.S. politics since 1900, when William Jennings Bryan narrowly lost the presidency, has been a struggle between two competing banking giants, the Morgans and the Rockefellers. The parties would sometimes change hands, but the puppeteers pulling the strings were always one of these two big-money players. No popular third party candidate had a real chance at winning, because the bankers had the exclusive power to create the national money supply and therefore held the winning cards.

In 2000, the Rockefellers and the Morgans joined forces, when JPMorgan and Chase Manhattan merged to become JPMorgan Chase Co. Today the battling banking titans are JPMorgan Chase and Goldman Sachs, an investment bank that gained notoriety for its speculative practices in the 1920s. In 1928, it launched the Goldman Sachs Trading Corp., a closed-end fund similar to a Ponzi scheme. The fund failed in the stock market crash of 1929, marring the firm’s reputation for years afterwards. Former Treasury Secretaries Henry Paulson, Robert Rubin, and Larry Summers all came from Goldman, and current Treasury Secretary Timothy Geithner rose through the ranks of government as a Summers/Rubin protégé. One commentator called the U.S. Treasury “Goldman Sachs South.”
Continue reading »

Tags: Bailout, Banking, Barack Obama, Bob Chapman, Derivatives, Derivatives market, Economy, Fed, Federal Reserve, Goldman Sachs, Government, Henry Paulson, High Frequency Trading, JPMorgan, Larry Summers, Max Keiser, Murray Rothbard, NYSE, Obama administration, Paul Volcker, Politics, Robert Rubin, Rockefeller, Stock Market, Timothy Geithner, U.S., Wall Street