The Root of All Evil

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The past nine years I have been immersed in news, primarily covering the criminal activity of the federal government which, naturally, leads to the criminal banking cabal. When I sat out on this path I did not realize it was the banking cabal that was the actual problem. I have since learned the true meaning of the saying “the love money is the root of all evil“. Truer words have never been spoken.

Our world, literally, is awash in criminal activity. The banking cabal has been an octopus, much like was described back in 1930’s when the Federal Reserve was coming into it’s on. The journalist that recognized this menace to society should be honored with a great work of art for doing their part to inform people of the nightmare that was to come.

 

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What has transpired during the past 100+ years is almost beyond comprehension. What began as simple theft of a nation’s sovereignty has turned into a global nightmare. I am not going to bore you will all the details I am simply going to list the crimes of the past decade or so. That will keep me busy enough to fill out the afternoon. For the doubting-Thomas’ in the audience each of the bullet is an active link to a mainstream media news article, one that you will know and can wrap your head around. What is presented is fact, not theory. The shear volume of criminality that is documented, not only by the media, but in a lot of cases a court of law, leaves little time for chasing theories. Why bother?

Let’s start with something simple.

Most people are not familiar with the Glass-Stegall Act that President Clinton stripped while in office by signing the Gramm-Leach-Bliley Act. The Glass-Stegall Act is what created two separate entities within the banking industry. This simple Act made impossible for an investment bank, which deals in the trade of stocks, bonds and various other financial instruments, to co-mingle their accounts with the utilitarian banking side; the retail side, if you will. The retail banks are the ones you and I encounter in our daily activities. Our checking and simple savings (formerly known as a “Christmas Fund”) used to handled by an actual bank. With the elimination of Glass-Stegall, these two entities are now one-and-the-same. The problem is, your funds are co-mingled with the investment side, the risky side of the bank.

Why is this important? In order to understand how a criminal is allowed to break the law, pay a simple fine and continue being a criminal committing the same crimes, you need to understand how it happened. Stripping the Glass-Stegall Act is one the main stops that was removed and allows the criminal banking cabal to take possession of your funds. If your funds are being held in a company that deals in derivatives, insurance, banking and other investments, your funds are being used by the institution for whatever purpose that is needed at the time.

With a small dose of background we can begin bullet-pointing the crimes that have taken place that have a direct impact on you, your family and your wealth.

LIBOR rigging— London Inter-Bank Overnight Rate – sets global interest rates. If you are paying interest it has been rigged by six banks for the past decade or more.

ZIRP – Zero Interest Rate Policy – enacted after the financial crisis that began in 2008. When a bank receives currency and pays nothing for it and then charges you interest for the use of said currency the bank has no risk and is able to generate profits risk free. Remember the first bullet point? They rig the interest rates in order to determine how much they are going to steal from you on a daily basis.

TARP – The Troubled Asset Relief Program (TARP) is a program of the United States government (read tax dollars–your labor that generated the funds to pay for this program) to purchase assets and equity from financial institutions (that should have went bankrupt) to strengthen its financial sector that was signed into law by U.S. President George W. Bush on October 3, 2008. It was a component of the government’s measures in 2008 to address the subprime mortgage crisis.

These three crimes are at the heart of why you are currently broke and have no savings. If you do have savings they are at risk. Due to the lack of regulations and the lack of GAAP being practiced by the banking and financial institutions the world over. Picture getting a little clearer?

QE – Quantitative Easing. The simple explanation of what QE is and how it affects you is this. QE is a rigging of the bond market. The Federal Reserve, a private corporation, buys government bonds, treasury bills and other government debt and transfers that debt to their books. If you and I were attempt this type of scheme we would be arrested for running a ponzi scheme. The Federal Reserve is the organization, which is accountable to no one, not even Congress, that prints our currency and sells it to the government, at interest. If the Federal Reserve prints our currency and also purchases our debt, how could that be anything other than a ponzi scheme? If you have a better definition of what this transaction is, I am all ears.

You see, with a simple explanation anyone can see how criminal our system has become. The depth and breadth is mind boggling. All of this has happened since 2008, a mere 7 years ago. Has anyone gone to jail? Are the banks that should have gone bankrupt still operating? Are your funds still in the banking system?

If you have a 401k, IRA or private pension fund let’s take a look at how those funds are being used.

Do you remember Bernie Madoff? Arrested, jailed for running a multi-billion dollar ponzi scheme. Well, it turns out that JP Morgan, where the funds were being funneled, knew what was happening and did not report it. Did anyone from JP Morgan, like the CEO, CFO or other officer go to prison along side Bernie? No, they did not.

Eric Holder, the then General Attorney, stated that some institutions, like JP Morgan, were simply too big to prosecute. Too big to prosecute. Did you understand what I just said? The Attorney General of the United States made it illegal to prosecute criminals who are known to be stealing your money!! It’s a great gig if you can get it!

HSBC – found guilty of drug money laundering and funding terrorist activities. HSBC is still in operation today
State Street Bank New York – never heard of State Street? Well allow me to introduce you. State Street is one the largest banks to “park” the most all 401k, IRA and private pension funds money! Not a problem, right? Well, until you find out that for almost 40 years, that’s right 30+ years, this bank has been skimming a tiny fraction of your funds out your pension program and onto their books? Please do not believe me, listen to Harry Markopolous describe the ongoing crime spree perpetrated by State Street Bank in conjunction with Bank New York Mellon and the banking cabal in the City of London. I’ll wait here while you get educated and, hopefully, really, truly pissed off.

Source: http://thedailycoin.org/?p=39089#sthash.X6N1kMrN.dpuf

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11 Responses to “The Root of All Evil”

  1. ian says:

    A very enlightening article, which refreshingly is not in the secret language,that the financial organizations usually use to confuse numties like me. I’ll keep this for reference. I must admit that I now have very little faith in any official institution, including the banks.

  2. Dogman says:

    Mayer Rothschild’s sons were known as the Frankfurt Five. The eldest – Amschel – ran the family’s Frankfurt bank with his father, while Nathan ran London operations. Youngest son Jacob set up shop in Paris, while Salomon ran the Vienna branch and Karl was off to Naples. Author Frederick Morton estimates that by 1850 the Rothschilds were worth over $10 billion. Some researchers believe that their fortune today exceeds $100 trillion.

    The Warburgs, Kuhn Loebs, Goldman Sachs, Schiffs and Rothschilds have intermarried into one big happy banking family. The Warburg family- which controls Deutsche Bank and BNP- tied up with the Rothschilds in 1814 in Hamburg, while Kuhn Loeb powerhouse Jacob Schiff shared quarters with Rothschilds in 1785. Schiff immigrated to America in 1865. He joined forces with Abraham Kuhn and married Solomon Loeb’s daughter. Loeb and Kuhn married each others sisters and the Kuhn Loeb dynasty was consummated. Felix Warburg married Jacob Schiff’s daughter. Two Goldman daughters married two sons of the Sachs family, creating Goldman Sachs. In 1806 Nathan Rothschild married the oldest daughter of Levi Barent Cohen, a leading financier in London. Thus, Merrill Lynch super-bull Abby Joseph Cohen and Clinton Secretary of Defense William Cohen are likely descended from Rothschilds.

    Today the Rothschild’s control a far-flung financial empire, which includes majority stakes in most world central banks. The Edmond de Rothschild clan owns the Banque Privee SA in Lugano, Switzerland and the Rothschild Bank AG of Zurich. The family of Jacob Lord Rothschild owns the powerful Rothschild Italia in Milan. They are founding members of the exclusive $10 trillion Club of the Isles – which controls corporate giants Royal Dutch Shell, Imperial Chemical Industries, Lloyds of London, Unilever, Barclays, Lonrho, Rio Tinto Zinc, BHP Billiton and Anglo American DeBeers. It dominates the world supply of petroleum, gold, diamonds, and many other vital raw materials.

    The Club of the Isles provides capital for George Soros’ Quantum Fund NV – which made substantial financial gains in 1998-99 following the collapse of currencies of Thailand, Indonesia and Russia. Soros was a major shareholder at George W. Bush’s Harken Energy. The Club of Isles is led by the Rothschilds and includes Queen Elizabeth II and other wealthy European aristocrats and Nobility.

    Perhaps the largest repository for Rothschild wealth today is Rothschilds Continuation Holdings AG – a secretive Swiss-based bank holding company. By the late 1990s scions of the Rothschild global empire were Barons Guy and Elie de Rothschild in France and Lord Jacob and Sir Evelyn Rothschild in Britain.

    Evelyn was chairman of the Economist and a director at DeBeers and IBM UK.

    Jacob backed Arnold Schwarzenegger’s California gubernatorial campaign. He took control of Khodorkovsky’s YUKOS oil shares just before the Russian government arrested him. In 2010 Jacob joined Rupert Murdoch in a shale oil extraction partnership in Israel through Genie Energy – a subsidiary of IDT Corporation.

    Dean Henderson is the author of Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network and The Grateful Unrich: Revolution in 50 Countries.

    His Left Hook blog is at http://www.deanhenderson.wordpress.com

  3. Dogman says:

    The first ever GAO (Government Accountability Office) audit of the Federal Reserve was carried out due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate.
    Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage on July 21 2011.

    What was revealed in the audit was startling:
    The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows..

    Citigroup: $2.5 trillion ($2,500,000,000,000)
    Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
    Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
    Bank of America: $1.344 trillion ($1,344,000,000,000)
    Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
    Bear Sterns: $853 billion ($853,000,000,000)
    Goldman Sachs: $814 billion ($814,000,000,000)
    Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
    JP Morgan Chase: $391 billion ($391,000,000,000)
    Deutsche Bank (Germany): $354 billion ($354,000,000,000)
    UBS (Switzerland): $287 billion ($287,000,000,000)
    Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
    Lehman Brothers: $183 billion ($183,000,000,000)
    Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)

    BNP Paribas (France): $175 billion ($175,000,000,000)
    and many many more including banks in Belgium of all places.
    The following is the amount of stimulus that the Fed has injected into the economy since 2008, as you will notice, the Fed has to continually stimulate the economy more and more each year. You will be able to see that in 2012 the Federal Reserve committed to 85 Billion a month which is still flowing today. How can this be sustainable?

  4. Dogman says:

    The vast majority of money held by the public takes the form of bank deposits. But where the stock of bank deposits comes from is often misunderstood. One common misconception is that banks act simply as intermediaries, lending out the deposits that savers place with them. In this view deposits are typically ‘created’ by the saving decisions of households, and banks then ‘lend out’ those existing deposits to borrowers, for example to companies looking to finance investment or individuals wanting to purchase houses.

    In fact, when households choose to save more money in bank accounts, those deposits come simply at the expense of deposits that would have otherwise gone to companies in payment for goods and services. Saving does not by itself increase the deposits or ‘funds available’ for banks to lend. Indeed, viewing banks simply as intermediaries ignores the fact that, in reality in the modern economy, commercial banks are the creators of deposit money. This article explains how, rather than banks lending out deposits that are placed with them, the act of lending creates deposits — the reverse of the sequence typically described in textbooks.(3)

    Another common misconception is that the central bank determines the quantity of loans and deposits in the
    economy by controlling the quantity of central bank money — the so-called ‘money multiplier’ approach. In that view, central banks implement monetary policy by choosing a quantity of reserves. And, because there is assumed to be a constant ratio of broad money to base money, these reserves are then ‘multiplied up’ to a much greater change in bank loans and deposits.
    For the theory to hold, the amount of reserves must be a binding constraint on lending, and the central bank must directly determine the amount of reserves.
    While the money multiplier theory can be a useful way of introducing money and banking in economic textbooks, it is not an accurate description of how money is created in reality.
    Rather than controlling the quantity of reserves, central banks today typically implement monetary policy

    http://ww w.bankofengland.co.uk/publicat … 14q102.pdf

    They do not require cash deposits to make new loans. It is a mere accounting entry for the banks.

    Source is ht tp://investmentwatchblog.com/universi … t-account/

  5. Dogman says:

    LIBOR is the interest rate that banks charge each other for one-month, three-month, six-month and one-year loans. LIBOR is an acronym for London InterBank Offered Rate. This rate is that which is charged by London banks, and is then published and used as the benchmark for bank rates all over the world.

    LIBOR is compiled by the British Bankers Association (BBA), and is published 11 am each day in conjunction with Reuters. It is comprised from a panel of banks representing countries in each of the quoted currencies. The banks are asked what rate they would charge for a given currency and a given length of time. Based on the survey, the BBA quotes the LIBOR rate for each of ten currencies, for 15 different maturities — anywhere from overnight to 12-month loans.

    2012 LIBOR Scandal
    The BBA trusts that the rates quoted by the banks are the actual ones. In 2012, Barclays’ bank was accused of falsely reporting lower rates than they were actually being offered during the period 2005-2009. As a result, Barclays’ was fined $450 million, and its CEO Bob Diamond resigned. However, Mr. Diamond said that most other banks were doing the same thing, and that the Bank of England knew about it.

    Why would Barclays’, or any bank, lie about its LIBOR rate? It could make higher profits, because a low LIBOR rate is seen as a mark that the bank is more sound than one with a higher LIBOR rate. Since Barclays’ submitted a lower rate, you could benefit, too. A lower LIBOR rate translates to a lower interest rate on many adjustable-rate loans.(Source: Business Live, Barclays’ Defense on LIBOR Fixing, July 4, 2012)

    How Is LIBOR Used?
    In addition to setting rates for interbank loans, LIBOR is also used to guide banks in setting rates for adjustable-rate loans, including interest-only mortgages and credit card debt. Lenders typically add a point or two to create a profit. The BBA estimates that $10 trillion in loans are affected by the LIBOR rate.

    LIBOR is also the rate used to base the price for credit default swaps. These are a form of insurance against the default of loans. They helped caused the financial crisis of 2008 by lulling banks and hedge funds into thinking there was no risk to the mortgage-backed securities these swaps insured. However, when the subprime mortgages that were behind these derivatives began to default, insurance companies like AIG didn’t have enough cash on hand to pay off all the swaps. The Federal Reserve had to bail out AIG to keep all those who held swaps from going bankrupt. Even today, LIBOR is the basis for $350 trillion of credit default swaps.

    LIBOR was created in the 1980s as banks called for a reliable source to set interest rates for derivatives. The first LIBOR rate was announced in 1986 for three currencies: the U.S. dollar, the British sterling and the Japanese Yen.(Source: BBA, The Basics)

    If you have an adjustable-rate loan, your rate will reset based on the LIBOR rate. As a result, if LIBOR rises, so will your monthly payments. The same will happen to your outstanding monthly credit card debt.

    Even if you have a fixed-rate loan and pay off your credit cards each month, a rising LIBOR will make all types of consumer and business loans more expensive. This reduced liquidity will cut back on consumer demand, slowing economic growth. Businesses that can’t expand won’t need to hire. As demand falls, they may even need to lay off workers. If LIBOR remains high, then it could create a recession and resultant high unemployment.

  6. Dogman says:

    Paul Tucker, the former deputy governor of the Bank of England who became embroiled in one of the biggest banking scandals of recent years, is to be knighted.
    The 55-year-old, who quit this year after missing out on the top job, said it is a ‘great honour’ to be rewarded for services to central banking. (You are joing up the dots I hope!) Mr Tucker spent more than three decades at the Bank and was the favourite to succeed Lord King as Governor last July but lost out to Canadian Mark Carney.
    It has been suggested that his chances were damaged by his involvement in the Libor interest rate rigging scandal and his closeness to disgraced former Barclays boss Bob Diamond.
    Mr Tucker fiercely denied that he had sanctioned attempts by Barclays to manipulate its borrowing costs downwards in 2008 as the bank battled to stay afloat in the financial crisis.
    He insisted that the rigging of interest rates came as ‘a deep shock’ and described the market as a ‘cesspit’.
    The rate fixing scandal – one of the most damaging to hit the industry in the wake of the financial crisis – cost Mr Diamond his job and Barclays £290million in fines.
    Mr Tucker survived but the decision to knight him in the New Year Honours List is likely to raise eyebrows in some quarters.

    Source is dailymail

  7. Chris Jones says:

    I wouldn’t say that money itself is at the root of all evil, surely evil itself is the root of all evil?

  8. Eternity says:

    Selfishness and greed, for one excuse or other is the true root of evil, money is the tool of the game of greed used by the terminally selfish ego’s numbed by their own dementia.

  9. Nike says:

    Financial Terrorists – Weapons of Mass Destruction – Federal Reserve Act (1913)

    WW I (1914 – 1919) – WW II (1939 – 1945) – endless US-Zionist wars ever since…

    https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcSR-fVPEa04yHED4OFBhRhrelHRkbyxuRNRA0_CUqfJAmQjNciFOg

    Rhine Meadows – Genocide on German soldiers who had surrendered

    https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcS1qTaiAubr4m9JY_l32qdz9lV5BWWTfSGtljQEFV5G9ZpH_142sw

    US-Atomic Bombs on Hiroshima and Nagasaki – US-Bombing of Japanese cities – Allied Terror Bombing of German Cities – Death of Millions of Innocent Civilians in Firestorms – Multiple Holocausts of WW II

    https://bilddunggalerie.files.wordpress.com/2015/08/jc3bcdische-atombombe.gif?w=623&h=1024

    Wall Street Journal (2015): “Thank Wall Street (Bankers) for the Atom Bomb“
    Evil Satanists in appraisal of their genocidal crimes against humanity.
    Fire Offerings to their “God Molech“ (horned bull, owl, Baphomet-winged Goat)

    https://bilddunggalerie.files.wordpress.com/2015/08/wall-street-atom-bomb.gif?w=920&h=1536

    Inhumane Satanic Psychopaths: Their wars are WARS OF EXTERMINATION

  10. Nollidge says:

    And few people realise that because of a High Court decision in Victorian Britain,the moment you put money into a bank account it becomes the banks property,not yours.How about that one!.

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