Monte_Carlo_Casino.jpg1. There has been a lot of gambling going on.
Michael Hudson, Research Professor of Economics at the University of Missouri, writing at Global Research, 20 September 2008, explains how the American economy has been hit.
Hudson refers to "accounting fraud, junk mortgage lending, insider dealing and a failure to relate the soaring debt overhead to the ability of debtors to pay - all of this mess seemingly legitimized by computerized trading models, and now blessed by the Treasury." - Financial Bailout: America's Own Kleptocracy
Iraq War
2. Michel Chossudovsky, Professor of Economics at the University of Ottawa, writing at Global Research, 18 September 2008, explains the implications of the crisis (Global Financial Meltdown) .
"The global financial crisis is intimately related to the war.
"A spiraling defense budget backlashes on the civilian sectors of economic activity...
"The powerful financial groups which routinely manipulate stock markets, currency and commodity markets, are also promoting the continuation and escalation of the Middle East war...
Chossudovsky writes: "What prevails is a totally deregulated financial environment characterized by extensive speculative trade.
"The history of deregulation goes back to the beginnings of the Reagan administration...
New York stock exchange
According to Chossudovsky, "What we are dealing with is a major clash between competing financial conglomerates...
"The unregulated use of complex speculative instruments has provided Wall Street with the means to extend its global financial empire...
"In the 1997 Asian crisis alone, more than 100 billion dollars were confiscated in a matter of months from the vaults of Asia's central banks; similar speculative assaults were carried out in Russia in 1998 and in Brazil in 1999...
"The New World Order largely under the dominion of American finance capital was intent on dwarfing rival banking conglomerates in Western Europe and Japan as well as sealing strategic alliances with a 'select club' of German and British banking giants... (Lloyds TSB rather than Bank of Scotland?)
"The repeal of the Glass-Steagall Act had created an environment which favored an unprecedented concentration of global financial power. (Provisions that prohibit a bank holding company from owning other financial companies were repealed in 1999)
"Effective control over the entire US financial services industry had been transferred to a handful of financial conglomerates...
"Those who have access to privileged information (political, intelligence, military, scientific, etc.) will invariably have the upper hand in the conduct of these highly leveraged speculative transactions, which are the source of tremendous financial gains. The CIA has its own financial institutions on Wall Street...
"Links to US intelligence, to the CIA, Homeland Security, to the Pentagon are crucial in the conduct of speculative trade, since it allows the speculators to predict events, through prior knowledge of foreign policy and/or national security decisions which directly affect financial markets. An example: the put options on airline stocks in the days preceding the 9/11 attacks.
The Rockefeller family has a financial interest in JP Morgan Chase.
Rockefellers (originally Rockenfeller and perhaps Jewish in origin) are involved with the Bilderberg Group and other such institutions.
Chossudovsky writes:
"An internal war within the financial system is unfolding...
"The process of mergers and acquisitions is likely to proceed to new heights leading to an unprecedented centralization of financial power, with Bank of America, JP Morgan Chase and the Federal Reserve Bank of New York playing a dominant role...
"It should be noted that while Citigroup and JP Morgan Chase are competing institutions, they are nonetheless entwined through intermarriage between the Rockefeller and Stillman families...
"The financial meltdown on Wall Street largely benefits Bank of America and JP Morgan Chase, which is part of the Rockefeller empire...
David Rockefeller
According to an article entitled The Rockefeller Family - Secret Jews (Cached):
"It was in 1492 that King Ferdinand and Queen Isabella of Spain expelled the Jews from their country and confiscated their ill-gotten wealth. It was during this period that the Rockefeller family moved to the Turkish Empire which welcomed the Jews at that time, believing them to be a 'poor persecuted people.
"The grandfather of... Nelson Rockefeller, admitted that his family once moved from Turkey to France..."
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