Modern History Project

"A little learning is a
dangerous thing"

"[FED Chariman] Ben Bernanke is in panic mode over Ron Paul's bill to let Congress audit the FED. Watch him stutter and stammer. The video is a delight. Never has the FED been under such scrutiny...

Why the panic? He says the bill is about Congress auditing FED policy. It isn't. It's about letting the public see which crony mega-banks got how much money. That is why he is in panic mode: the mega-bankers are in panic mode. The big banks do not want Congress to see how much they are ripping off the public through the FED's fiat money creation. They are all bordering on bankruptcy.

[Rep.] Barney Frank has the bill bottled up in committee, even though 64% of the House has co-sponsored it." -- Gary North

Note that both Ben Bernanke and Barney Frank are retainers of the Jewish financier syndicate. They would do just about anything to prevent public exposure of this cabal which has controlled American policy, debased its currency, and driven it into bondage since the days of Paul Warburg, Bernard Baruch, Eugene Meyer, and Henry Morgenthau.

Eugene Meyer was Chairman of the Fed when Wall Street puppet (and high level Freemason) Franklin Roosevelt ordered all privately held gold to be turned in to the Federal Reserve, in exchange for paper "Federal Reserve Notes" only days after taking office. A few months later, when Henry Morgenthau became Secretary of the Treasury, the value of those notes was cut by over 50% relative to gold, effectively robbing the American people of half their savings overnight.

See the online books "Final Warning" and "Secrets of the Federal Reserve" for background.

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

-- Attributed to Thomas Jefferson

Barney Frank, who has thrown himself in front of the audit freight train, is a morally bankrupt, totally compromised homosexual who picked up a young male hustler for an $80 sex act, took him in as a paid "houseboy", and allowed him to run a prostitution ring out of his apartment for two years.

"They met on April Fool's Day 1985. [Barney Frank] answered a classified ad in the Washington Blade, the local gay weekly: "Exceptionally good-looking, personable, muscular athlete is available. Hot bottom plus large endowment equals a good time."...

"He knew exactly what I was doing," Gobie said. "It was pretty obvious. If he had to come home early, he would call home to be sure the coast was clear . . . . He was living vicariously through me. He said it was kind of a thrill, and if he had been 20 years younger he might be doing the same thing."

-- Washington Post article

Congressman Frank is also an official on the Steering Committee of the International Council of Jewish Parliamentarians, directly supporting the interests of the Jewish State at American expense. They say you get what you pay for -- right, Barney?

• No bailout?

Financial
2009-07-24

Here's a story about a small-time Jewish crime ring in New Jersey which paid off the local politicos to cover their illicit activities, while funneling the profits to Israel.

"Three city mayors, two state politicians and five [Jewish] rabbis were among 44 people arrested across New Jersey yesterday when federal agents cracked an alleged Sopranos-style crime ring accused of bribery, money laundering and trafficking body parts... The FBI informant also helped investigators to trap rabbis allegedly involved in using 'religious charities' to launder money [from the criminal activities] as part of a network that ran from New Jersey to Switzerland and Israel." -- London Times

"In a criminal complaint, the F.B.I. said the rabbis used their congregations' charitable organizations to launder about $3 million -- passing what they were told was a donor's ill-gotten gains through their charities' bank accounts, and then returning the money to the donor in exchange for a cut of 5 to 10 percent. The 'donor' turned out to be an apparent F.B.I. informer, Solomon Dwek, who, like the rabbis, is a Sephardic Jew of Syrian descent." -- New York Times

It was probably considered "safe" to entrap these guys and to make a big show out of busting them since the Sephardic Jews (you know, the "darkies") have always been considered second-class even in Israel.

Yet, their untouchable Ashkenazi brothers in the New York and London financial districts are doing the same thing, only on a much bigger scale. They deal in bogus "investments" instead of fake handbags, and they buy U.S. Senators instead of city mayors for protection. But the ethics are the same.

• Tradition

Financial
2009-07-18

"The Tel Aviv [Israel] police fraud squad arrested on Sunday nine Israelis on suspicion of netting [stealing] millions of dollars from U.S. pensioners... Police raided an office in the city, which is suspected to have been the nerve center of the dodgy [criminal] enterprise. The defendants, all in their 20s and 30s, allegedly phoned American pensioners, told them they had won the lottery and asked them for a fee of several thousand dollars for the transfer of the prize money, which in fact never existed... Last week, it was reported that the American agencies had urged Israel Police to step up the extradition procedure of another ten Israelis who were suspected of scamming $2 million by similar means." -- Haaretz

Ripping off the unwary with the lure of unearned "gains", just like their cousins from Park Avenue. What's the difference? One avaricious fiddler is like another.

"Dear God, you made many, many poor people. I realize, of course, that it's no shame to be poor. But it's no great honor either! So, what would have been so terrible if I had a small fortune?

The most important men in town would come to fawn on me! They would ask me to advise them, like Solomon the Wise...

And it won't make one bit of difference if I answer right or wrong. When you're rich, they think you really know!"

-- "Madoff's Lament"

"Bernard Madoff was not some sort of weird outsider...but rather a key developer of the modern system of electronic trading and a chairman of NASDAQ. Madoff often was called upon to help write the rules on financial regulation and therefore became quite expert at subverting them... At the very time back in 1999 when the SEC was being formally warned that a Madoff scam was under way, Madoff was consulting with then-SEC Chairman Arthur Levitt Jr. on regulatory matters... When Levitt worked for Clinton as head of the SEC, he teamed up with Alan Greenspan, Robert Rubin and Lawrence Summers to destroy what remained of financial service industry regulation..."

-- Robert Scheer article

The author fails to mention the fact that Madoff, Levitt, Greenspan, Rubin and Summers are all members of the Jewish financier syndicate. One member of the club (like Geithner or Bernanke) is appointed to "oversee" the others, while the fraud continues and the money disappears at places like AIG (Hank Greenberg), Goldman Sachs (Lloyd Blankfein), Lehman Brothers (Richard Fuld), Cerberus Capital (Ezra Merkin), and a host of others.

The Madoff scam is merely the tip of a rotten iceberg. After all, somebody has to pay for the lavish lifestyles of these Park Avenue parasites. It might as well be you.

"Steve Schwarzman...the billionaire chairman of the Blackstone Group invited 500 people to the Armory on Park Avenue for a party that cost an estimated $3 million. A very long list of notables turned up -- Donald Trump, Barbara Walters, Barry Diller, Lloyd Blankfein, Jamie Dimon -- as did many of the [other] people who have now become poster boys for the global financial crisis, like former Merrill Lynch CEO Stan O'Neal, and ex-Bear Stearns chief Jimmy Cayne."

-- City File article

A decade ago, Greenspan, Rubin, and Summers were featured on the cover of Time magazine as the "Committee to Save the World" by club propagandists Gerald Levin (publisher) and Norman Pearlstine (editor). But what did they save, and for whom?

"A lawsuit [filed in December] against Clinton Treasury Secretary Robert Rubin for defrauding Citibank shareholders of more than $122 billion, also described as a "Ponzi scheme," got no airplay whatsoever... Rubin didn't get the same publicity* as Madoff because of his close connection to Barack Obama. Robert Rubin's son Jamie was Obama's main Wall Street fundraiser and is now one of his principal advisers. More significant, Obama's economic team consists of Rubin's [Jewish] proteges including Timothy Geithner, Treasury Secretary; Lawrence Summers, Senior Economic Adviser; and Peter Orszag, Budget Director... Madoff's $50 billion scam is described as the largest in history. But it pales in comparison with what Robert Rubin and his ilk have done to the world."

-- Henry Makow article

After leaving the Clinton administration, Rubin became a fellow at the club alma mater, Harvard University, and Summers became the school's "first Jewish president". They had their eye on law school alumnus Barry Obama.

"Michael Froman [also Jewish] was Chief of Staff to Robert Rubin at Treasury before following Rubin to his reward at Citigroup. Most significantly, it was Froman who first introduced Rubin to his Harvard classmate Barack Obama... [He] is now Obama's Deputy National Security Adviser for International Economic Affairs."

-- Andrew Cockburn article

Nearly all of these players, apart from Madoff, are also members of the New York Council on Foreign Relations. Robert Rubin became the CFR chairman in 2007.

The Madoff story would never have gotten the tremendous media coverage that it has except for the fact that he violated the club rules and burned a lot of his brother Jews, which is just not acceptable. According to their long-standing tradition, only the "strangers" are fair targets for obtaining such blessed possessions:

"Unto a stranger thou mayest lend upon usury [charge interest]; but unto thy brother thou shalt not lend upon usury: that the LORD thy God may bless thee in all that thou settest thine hand to in the land whither thou goest to possess it." -- Deuteronomy 23:20

Many of Madoff's billionaire clients were fellow members of the exclusive (Jewish) Palm Beach Country Club, whose own greed was exceeded only by their arrogance. They have suddenly gone from gloating over their unearned "gains" to howling about their losses.

"People in Palm Beach sort themselves out into the group in which they belong based largely on how much money they have. Even the poorest of the islanders seem to have everything yet joy proves elusive, even for the country club members, because there is always someone richer or better socially connected...

Those with the biggest financial gains generally had their money managed by Madoff. It was an honor having him handle your fortune. He didn't take just anybody. He turned down all kinds of people, and that made you want to give the man even more of your money. When he took your fortune, he told you that he would tell you nothing about how he achieved his returns. He was a god. He had the Midas touch."

-- Laurence Leamer article

UPDATE: In Dec 2009, club member Benjamin Shalom Bernanke was also featured on the cover of Time magazine as "Man of the Year".

Speaking of the Manhattan "financial industry", and specifically ringleader Goldman Sachs, this writer spells it out:

"These crap/sham mortgages, a lot of them adjustable-rate deals with teaser rates that featured sudden rate hikes two or three years after closing, they would never have been possible [in such volume] had not someone devised a method for selling them off to secondary buyers...This isn't really commerce, but much more like organized crime: it was a gigantic fraud perpetrated on the economy that wouldn't have been possible without accomplices in the ratings agencies and regulators willing to turn a blind eye...

Any way you slice it, Goldman Sachs was responsible for putting tens of billions of toxic mortgages on the market, resulting in mass foreclosures, mass depletion of retirement funds, and a monstrously over-leveraged financial system that we will now all be bailing out for the next half-century or so. All of this so that Goldman could make a few billion bucks acting as the middleman in all of these deadly transactions." -- Matt Taibbi

See his complete essay in the latest issue of Rolling Stone.

However, he fails to mention that Goldman CEO Lloyd Blankfein is yet another member of that rich Jewish Zionist clique who buffs his image by donating part of his loot to "worthy" (pro-Israel) causes, like the UJA Federation ($125,000) and B'nai Jeshurun ($115,000).

"At the time the GM-Chrysler merger was being considered, Chrysler was primarily owned (80 percent) by the private equity firm Cerberus Capital Management, L.P., headed by Stephen A. Feinberg and Jacob Ezra Merkin. Cerberus is named after the mythological three-headed dog of Hell*. It should be noted that Feinberg and Merkin also controlled General Motors Acceptance Corp. (GMAC), the financial services branch of GM.

GM sold 51 percent of GMAC in 2006 to Feinberg's private equity firm Cerberus Capital Management LP, and Jacob Ezra Merkin became chairman of GMAC. Had the merger gone through, Feinberg and Merkin would have probably become majority owners of both GM and Chrysler. This appears to have been the plan. Feinberg and Merkin, the owners of GMAC, had plundered and conspired to bring down GM so that they could take it over...

[Merkin is also] one of the key players of the multi-billion dollar criminal fraud carried out by Bernard Madoff. Merkin secretly diverted untold billions to Madoff's fraudulent investment fund. One of Merkin's funds 'lost' $1.8 billion of investor cash with Madoff.... Merkin had been chairman of GMAC since November 2006. GMAC reportedly lost nearly $8 billion while Merkin was in charge. Despite Merkin's huge losses at GMAC and his involvement in the Madoff criminal scam, the U.S. government evidently had no problem providing billions of taxpayer dollars..."

-- Christopher Bollyn

* Like Cerberus, the creature who guards the entrance to Hades, these hyenas of high finance are only too happy to welcome the unwary into their realm; but escaping their clutches and returning to the world of the living is another matter.

"The former top executive of American International Group Inc. plundered an AIG retirement program of billions of dollars because he was angry at being forced out of the company, a lawyer for AIG told jurors Monday at the start of a civil trial. Attorney Theodore Wells told the jury in Manhattan that former AIG Chief Executive Officer Maurice Hank Greenberg improperly took $4.3 billion in stock from the company in 2005, after he was ousted by the company amid investigations of accounting irregularities." -- AP News

Hank Greenberg, the father of AIG who is also an Honorary Vice Chairman of the CFR and a major financial supporter of the ADL, deserves to have his assets stripped and spend the rest of his "golden years" in jail, along with former NASDAQ Chairman and fellow Jewish con-man Bernard Madoff. However, it does no good to bust a few of these elderly capos but leave their corrupt criminal enterprises intact.

When are we going to go after the rest of the Manhattan gangsters at Goldman Sachs, AIG, J.P. Morgan, Citigroup, FRBNY, et al whose fraudulent schemes have plunged the world economy into depression and chaos, allowing their agents-in-place to loot the U.S. Treasury to the tune of TRILLIONS of dollars as a result? That crime is still in progress, and a mere $4,300,000,000 stock swindle is pocket change by comparison.

• No excuses

Financial
2009-04-11

"If Eliot Spitzer was running the SEC, the Pinkertons would be swarming the investment houses right now, thumbing through the off-balance sheet paperwork, overturning filing cabinets and tasering bloated banksters as they scuttle away clutching their Armani briefcases stuffed with taxpayer loot.

'Back then, I told people that AIG is at the center of the web. The financial tentacles of this company stretched to every major investment bank. The web between AIG and Goldman Sachs is something that should be pursued.'

The public is not in the mood for any more lame excuses or windy oratory from President Inspiration. Just get on with it. Governing is more than just gliding from one teleprompter to the next pointing at rainbows and promising Utopia. There has to be action, accountability, and justice." -- Mike Whitney

"Ezra Merkin, a money manager and leading member of New York's Modern Orthodox Jewish community, has been accused of channeling $2.4 billion of clients' money into Bernard Madoff's Ponzi scheme...without their permission, in exchange for $470 million in fees [for himself]... Known as 'the Rabbi' within the wealthy Modern Orthodox community, Mr Merkin gave Madoff access to a lucrative number of charities, schools and wealthy synagogue members. Mr Merkin is the president of the Fifth Avenue synagogue - the richest of its kind in America." -- London Times

"Associates branded him as arrogant, secretive and intensely private, while also saying he's a scholar who loves the Talmud, abstract art and the Yankees. Giving away money almost as fast as he made it, Merkin joined several boards, including Carnegie Hall; Ramaz School, which lost $6 million to Madoff; Yeshiva University, which lost $14 million, and the Levy Economics Institute of Bard College, which lost $3.5 million.

He accumulated enough wealth to win entrance to 740 Park Ave., an 18-story retreat for Bouviers, Bronfmans, Rockefellers and other so-called masters of the universe. It boasts 31 duplex apartments and has been dubbed the "most lusted-after address in the world." -- New York Daily News

"Madoff has very close and long-standing business ties to the directors and owners of two of Israel's largest banks, which were privatized in the 1990s: Bank Leumi and Israel Discount Bank. The IDB, at least, has a long history of money-laundering and illegal money transfers. Jacob Ezra Merkin, who funneled hundreds of millions if not billions of dollars to Madoff's fund, is part owner of Bank Leumi. These relationships strongly suggest that Madoff's scheme was a massive theft being disguised as a Ponzi scheme in which fellow high-level Zionists played key roles." -- Christopher Bollyn

"Behold, these are the ungodly, who prosper in the world; they increase in riches. They are not in trouble as other men; neither are they plagued like other men. Therefore pride compasseth them about as a chain; violence covereth them as a garment. They set their mouth against the heavens, and their tongue walketh through the earth. Surely thou didst set them in slippery places: thou castedst them down into destruction. How are they brought into desolation, as in a moment! " -- Psalms 73

"The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government... If the IMF's staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we're running out of time." -- Article by Simon Johnson