Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Wednesday, December 13, 2017

Capitalism Rothschild Goldman Style - An Idea Whose Time is Done?







Once upon a time there was a new nation formed from a repressive past and a fierce desire to achieve individual freedom. A gathering of Americans convened in Philadelphia that summer of 1787 to draft a new constitution for the new nation resulting from the stunning defeat of Great Britain in the American Revolution. Some say it was the greatest gathering of minds in the history of the world.

What emerged was a Constitution and Bill of Rights unlike anything before or since and to this day it has reigned as the predominant constitution in the world. But it was not without pain and debate, much of which centered around the distribution of powers between a strong federal government and state's rights.

By June of 1788 the required nine states had approved the constitution and in January 1789 the new Congress met for the first time. George Washington was elected President of the United States and John Adams Vice President and America was a viable entity.





The battle between advocates of a strong national government (federal) and state's rights would continue until this day but major changes took place under the George Washington administration through the efforts of Alexander Hamilton, Washington confidant and first Secretary of the Treasury. This was a time when the Rothschild's international banking family made it's first inroads into the fledgling and lucrative America money machine.





Now most people who slept through American history and economics classes in high school and college think capitalism was a creation of the Revolution along with the American style of Democracy. Wrong. In fact it is one of four major wrongs attributed to our revolution and founding fathers by modern day politicians and a liberal media overwhelmed by Alzheimer's forgetfulness.

Wrong number one, we did not invent democracy, we approved a Republic. Number two wrong, capitalism is not an American creation but European strategy to control countries. Wrong number three, slavery was not an American original but again European strategy to exploit America. Wrong number four, in America the separation of church and state did not separate God from America but the godless from America.





As for our favorite trillionaire family, the Rothschilds, they were there way back then as much as today. Mayer Amschel Rothschild, the patriarch of the House of Rothschild, was from Frankfurt, Germany where his grandfather and father had built a business. In 1755 and 1756 when he was 12 years old his parents died and he was sent to complete an apprenticeship in Hanover working for Wolf Jakob Oppenheimer whose family first exposed him to the benefits of working with royalty.

The Oppenheimer's were court agent to the Austrian Emperor and agent to the Bishop of Cologne. Upon completion of his apprenticeship in 1764 Mayer Amschel returned to his family in Frankfurt and established the House of Rothschild. It was the beginning of the most powerful banking family in history.

The French Revolution and English Industrial Revolution in the late 18th century gave Rothschild the chance to expand his enterprise from Germany to France and England and the House of Rothschild became the first international banking network managing the finances of nations. Of course the golden goose for international bankers was America just emerging from the Revolution and trying to become a nation.

Capitalism, as we know it today, dates back to the middle ages but most historians consider the Netherlands the world's first capitalist nation with the wealthiest trading city, Amsterdam, and the first full time stock exchange which led to insurance and retirement funds, asset and inflation cycles and manipulation of commodity markets in the early 1600's.





The British East India Company and the Dutch East India Company launched a new expansion of capitalism in the early 1600's as state chartered trading companies. Chartered as joint-stock companies they were monopolies with powers ranging from lawmaking to military and treaty-making privileges. This was the first attempt by nations to compete with individual business to acquire and control resources from agriculture to gold, oil to clothing. Individual investors bought into these creations to reduce debt exposure and greatly enhance profit potential.

Money to support the multiple wars and trading companies along with the industrial development and geographic expansion came from the network of international banks led by the Rothschild banks throughout Europe.





In 1791 Alexander Hamilton, one of the leading patriots of the American Revolution and aide-de-camp to General George Washington was serving the first president as Secretary of the Treasury when he got the first Congress to approve a 20 year charter for the First National Bank of America to be run by agents of the House of Rothschild. Considerable suspicion of the dependence on private banks to finance the government surfaced on the part of George Washington, James Madison and Thomas Jefferson and the role of the international bankers made it a highly controversial action.





When opposition to renewing the charter in 1811 peaked the banking family threatened the nation with a crippling war if the charter was not renewed. The charter was not renewed and in 1812 England, the base for the Rothschild banking empire, declared war against America. By 1816 a financially devastated USA chartered the Second National Bank of America to the Rothschild agents.





When Andrew Jackson was president from 1829 to 1837 he was opposed to the National Bank and removed federal money from it. There was an assassination attempt on him in 1835 which the assailant claimed was financed by European bankers. From 1836 until 1913 there was no National Bank but the government was dependent on the New York banks, many of which were controlled by the Rothschild network.





During the Civil War Lincoln went to the New York banks for money for the war effort and was offered funds with interest up to 36%. Furious he refused and began the first printing of money by the federal government issuing $450 million in bonds. Both the United States and Russia under the Czars resisted efforts to establish national banks to finance governments. Ironically both Lincoln and Czar Alexander II were assassinated.

From the founding of our nation our leaders were deeply suspicious of the international bankers and their motives for establishing national banks. The lack of loyalty to the nations, unrestricted usury (interest) fees and lack of assets to back the paper bonds were among the many issues raised against the banks.





"If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash."
George Washington

"I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale."

"The Central Bank is an institution of the most deadly hostility existing against the principles and form of our Constitution."
Thomas Jefferson





"I have two great enemies: the Southern Army in front of me, and the financial institutions to my rear. Of the two, the one in my rear is my greatest foe."
Abraham Lincoln

"No State shall enter into any treaty, alliance, or confederation; grant letters of marquee and reprisal; coin money; emit letters of credit; make any thing but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility." (Article I, Section 10)
The Constitution of The United States of America

A definition of capitalism might read an economic system characterized by private property ownership; where individuals and companies are allowed to compete for their own economic gain; and free market forces determine the prices of goods and services. Some claim that the protection of individual and property rights is an essential element of capitalism since individuals must be able to keep what they earn through a capitalistic system.

However, since capitalism has been the breeding ground for slavery, excessive usury, manipulation of prices and many other anti-individual matters it seems rather hypocritical to define it with such a noble purpose as individual rights.





In truth capitalism has no moral or ethical requirements, is more comfortable with atheism than Christianity, and has minimal loyalty to nations. First and foremost capitalism is expected to produce maximum profit for the private stockholders and bond holders.

The performance of Wall Street in the sub-prime mortgage market, the oil price speculation, the unwillingness of banks to provide loans, the excessive charges and fees by our banking community and the bonuses, bailouts, stimulus spending and many other economic tricks exercised in Washington would suggest morality is the farthest thing from the minds of the money manipulators.





Our democracy requires a degree of morality and ethics not found in the capitalist system of the House of Rothschild or any other capitalist advocates. Yet our democracy, which is founded on individual rights, freedom and the grace of God requires a degree of morality and ethics not found in the socialist system either which is the opposite of capitalism and has bred the fascist and communist movements of the past century.

The Obama administration gave us extreme doses of both capitalism and socialism at their worst. Bank bailouts, bonuses and market manipulation seem okay to Obama along with a socialized work force, a public medical system and a redistribution of wealth. How silly.





What is needed is a new Constitutional Convention devoted to developing a new system of economics that will support the principles of our American Constitution without abusing the rights of man and woman and our relationship to God.

We have demonstrated greed in government cannot be regulated by those with greed and that Wall Street cannot be regulated by those with profit and the pursuit of materialism as a primary objective. Our Christian foundation may not be present in our religions but it is present in our relationship to God. The only way we can protect and defend the spiritual laws of God, the natural laws of nature and our inalienable rights as man is to eliminate the opportunity for greed from our system.

Do we have the strength to again defend our nation from the clutches of greed, the motives of capitalism and the exploitation of socialism? We shall see. Do we have the will to demand our principles of morality, our exercise of ethics and our relationship to God be protected first and foremost above materialism and greed? We shall see.





Do we have the fortitude to declare our Christian values of charity, compassion and empathy more important than the accumulation of wealth and property? Do we have faith in God and our ability as God's creations to protect individual rights and freedoms for all people from the forces of evil? Do we really believe in anything anymore?

We shall see...

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Friday, September 09, 2016

Ross Perot - Prairie Prophet & Presidential King Maker

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Exactly 24 years ago George Bush, Sr.,  was running for re-election as president of the United States and being challenged by a young, upstart Democrat and Governor of Arkansas named Bill Clinton.  And then there was that shrill talking, billionaire from Texas named Ross Perot who was trying to launch the first successful third party campaign since Teddy Roosevelt just after the turn of the last century.


For historians let me set the record straight.  Yes Teddy was elected vice president in 1900 and became president when President William McKinley was shot September 6 and died September 14 of 1901, his first year in office.  Teddy was then elected by a landslide in 1904.
In 1908 he supported his secretary of war, William Howard Taft for president and Taft won.  By the end of Taft's first term Roosevelt felt Taft no longer served the people and when he failed to beat Taft at the GOP convention he started a third party, the Bull Moose (progressive) party to oppose the president.
This is where the parallels between Ross Perot and Teddy Roosevelt become intertwined as if history was simply repeating itself about 100 years later.
In the election of 1912 Republican President Taft got 23% of the vote, Independent Roosevelt got 27% of the vote, and Democrat Woodrow Wilson became president with just 42% of the vote.  Thus Roosevelt blocked Taft from being re-elected and made Wilson President.
After his first term in office in 1992 President Bush was running for re-election riding the popularity of Desert Storm when Ross Perot, a former Republican like Teddy Roosevelt, came out of nowhere with his Independent campaign.
In the election of 1992 Republican President Bush got 38% of the vote, Independent Ross Perot got 19% of the vote, and Democrat Bill Clinton became president with just 43% of the vote.  Thus Perot blocked Bush from being re-elected and made Clinton President.
During Clinton's first term Ross Perot sought to influence the national agenda focusing on three issues, the NAFTA economic treaty, Health Care Reform and rebuilding our educational system.
He opposed NAFTA, an issue Clinton co-opted from the GOP because he was in danger of losing his re-election campaign.  Perot warned passage of NAFTA would lead to the destruction of our manufacturing industries and we would lose millions of jobs to Mexico and other countries.  Clinton got it passed and the final nail was driven into the coffin of America's once dominate manufacturing base.
On health care Perot warned the lack of cost controls would bankrupt America, and any government entitlement programs regarding health care like Medicare and Medicaid would drive the American deficit beyond our capacity to pay.  In 1996 the US national debt was $107.4 billion under Clinton and by 1998 would become a surplus through Bush in 2001.
Today the National debt stands at a record $20 trillion, thanks in large part to runaway entitlement costs as predicted by Perot.  In fact America spends more per capita than any other nation on health care yet ranks just 37th in the world in terms of quality of health care.
Finally, Perot was so disgusted with the deficiencies in our education system that he started his own high school in Dallas and was to set records for educational achievement and college attendance by urban youth.  Today our educational system continues to spend more per pupil than any other nation and we still are failing in terms of the quality of educational care.
Sooo, Ross Perot, the caricature from Texas who dared challenge the American two-party system was a figment of historical déjà vu showing up 100 years after Teddy Roosevelt played the same role for America.
Both were prophets in terms of warning of the dangers faced by America and both greatly influenced the national agenda and debate.  A couple of obscure Democrats owe their fortune and fame (Wilson and Clinton) to these political rebels.  At the same time, the failure of our government to heed the warnings of these two left us floundering in the winds of indecision as our judicial system seemed to collapse, our health care costs spiraled out of control, our manufacturing base vanished away, our educational system continued to flounder and our national debt reached epic proportions.


More on the Prairie Prophet from Texas later as the story of Ross Perot and his unbending care for the nation, commitment to veterans, exceptional patriotism and whose incredible rescue of his employees from the prison of Iran after the failure of President Carter to protect our own embassy in the fall of Iran to the Ayatollah is one of the greatest stories of courage to ever take place in our nation.

US hostages in Iran 1979
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Friday, June 17, 2016

Obamaville June 16 - America burns as Obama Fiddles - Terrorist Attacks and Economic weakness demonstrate Obama loss of focus and perspective on America

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Did Obama fall into the Trump Trap in Presidential Campaign?

This has been the strangest campaign in history and things get more bizarre by the day.  You can thank the unconventional disrupter Donald Trump for throwing out the rules and shattering all tradition.  Of course what do you really expect from the Populist Disrupter, Trump.


So far, he has opened eyes and shattered many preconceived notions about how to run presidential campaigns.  For example, both Trump and Clinton won their respective nominations in the primaries but it cost Trump about $50 million and Hillary four times as much, about $200 million.

When you consider that Trump was one of 17 candidates, meaning he had to defeat 16 other opponents, and Hillary was one of just 3, her spending seems much more unreasonable.  At the last check, Hillary had about 800 campaign staff while Trump had about 60.


Then there is the near total absence of prepared speeches by Trump, his habit of telling it like he sees it regardless of the truth, and his total disregard for the news media, and one wonders how he could possibly survive.

He may or may not be a Republican, he contributed money to Democrats in the past, and he thinks his private jet is better than Air Force One, and he may just be right.  People love him or hate him, and that includes fellow Republicans.


His unfavorable rating is the highest ever recorded in a presidential campaign, at 69%, yet Hillary has the second highest unfavorable rating in history at 56%.  The last two weeks were the best two weeks of her campaign as Hillary won the nomination, got the endorsement of Obama and many others, and teamed up with Elizabeth Warren to dice and slice poor Donald, yet her unfavorable continued to rise.

On the positive side for Mr. Trump, Hillary is still waiting for the FBI to act on her email scandal.  President Putin of Russia just might help Trump by disclosing classified Hillary emails hacked by the Russians, proving she jeopardized national security with her private server.


Trump has still not started on her about the Clinton Foundation, her conflicts of interest as Secretary of State, and her husband's dismal record when president in terms of jailing African Americans, destroying the manufacturing base in America, and providing the rule changes that directly led to the economic collapse of 2008-2009.

So in spite of everything I have just outlined, at best we can say we do not even know if either presidential candidate selected by the popular vote of the people will actually make it to election day without getting thrown off the party ticket, thrown in jail, charged with felony actions, or discovers some other form of self-destruction.


As for Obama taking over the Clinton campaign, here was the headline on CNBC this past week regarding the Obama economy.

US created 38,000 jobs in May vs. 162,000 expected
(Editor's note, just 23% of what was expected)


How Trump Trumped Obama!

We know Hillary decided to run on the coattails of President Obama, promising to protect his legacy if elected president.  In fact, she has been pandering to him the entire campaign, even though the whole world knows the Clinton and Obama clans do not like each other, maybe even despise the other.

It is an unhealthy alliance for the moment in order to keep Trump from winning the presidency and exposing all the bad things Obama might have done.  Tenuous at best, it could implode at any moment.


Trump seems to have come up with a strategy with his favorite advisor, himself, to change the campaign from a contest with Hillary to a referendum on the Obama presidency but like most lame duck presidents Obama pretty much kept out of the campaign.  Here in America tradition has it that a sitting president stays above politics by staying out of politics at the end of his term.

Obama followed such a course until this week when the constant baiting by Trump with little jabs at the departing president finally made Obama come unglued and viciously attack Donald.  It was quite the spectacle when the president lowered himself to the Trump standard and then distortions and exaggerations started flowing from his lips.


Suddenly Obama was morphing into the very person he hated the most, Donald Trump.

So here we are, just four months until the general election.  Trump is standing alone taking on the last two Democratic Presidents (Obama and Clinton), the good old boy VP Joe Biden, the former First Lady, Senator, and Secretary of State Hillary Clinton, the entire elitist political establishments from both parties, and the purveyor of the truth, the liberal news media.


On the Republican side, Speaker of the House Paul Ryan seems to be the only party leader willing to try to help Trump become a viable candidate.  The two Republican Presidents from the Bush family are sitting on the sidelines along with the party establishment and the last GOP presidential candidate Mitt Romney seemingly willing to let the party suffer a humiliating defeat rather than help Trump.

Most of the major Republican contributors whose money is essential for most candidates to win are also like Ladies in Waiting on the sidelines.  The vast majority of the news media, long ago wrote off Trump and are now working overtime to make certain it was a self-fulfilling prophecy and not just a pipedream to stop Trump.


So, it is David versus Goliath, Trump versus the world.

On the side of Goliath stands everyone in the universal establishment from the news media to financial contributors to Republicans and Democrats united in their hatred of Trump and their desire to protect the status quo.


As the camera pans to the opposition, the David or Trump side of the most one-sided battle in the history of politics, we see a lone soul in the wilderness like a John the Baptist shouting out that it does not have to be like this.

Behind the lone soul in the wilderness the forest of trees emerge from the fog and we begin to see not trees but the Little People, the forgotten Americans.  These are the disenfranchised voters, the disappointed public, the out of work minorities, the undocumented workers, union members abandoned by their protectors, unemployed manufacturing and coal workers who believed their politicians, the people upon whose backs and hard labor the Establishment has flourished.


Now we see millions of Little People begin to come into view armed only with a faith in our nation and believing things have got to be better than what we have.  This army of forgotten souls has been searching for a leader for decades as both political parties have made empty promise after empty promise.

Very special interests that dominate the two party system and control Wall Street and all wealth, those one percent few, demand the politicians and media they own take down this radical from the wilderness and his followers who threaten their gravy train, their control of power, and their obsession with wealth.


Even President Obama, the latest of the political beneficiaries of the super wealthy, who has played their game since becoming president and increased their wealth enormously, is now worried about the voice in the wilderness.  Trump is threatening his legacy so Obama decides to break all the rules himself and use the office of the president and power of the presidency to destroy this insignificant gnat.

Watch as Hillary fades into the background as Obama takes front and center on stage to crush this brash native of Queens.


Perhaps this is why Obama wants to crush Trump.  Trump is in the process of exposing the real Obama eight-year legacy including;


failed to heal the economy,
failed to secure payroll increases for Middle Class
failed to improve foreign policy,
failed on his campaign promises to heal the nation and end illegal immigration,
failed to end the fighting in the Middle East,
failed to help the African American community,
failed to provide immigration reform to Hispanics,
failed to save 400,000 Syrian citizens from death since his red line promise,
failed to save 182,650 Mexicans murdered in drug wars to supply USA



It will be interesting to see how the battle between David and Goliath evolves the next five months.
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Thursday, January 14, 2016

The Obama Goldman Rothschild Update - The Trillionaire Puppet Masters at Work

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First Published September 24, 2009

The Obama Goldman Rothschild Update - The Trillionaire Puppet Masters at Work



The deeper we dig into the world economic chaos the clearer the picture becomes that what has happened the past two years in the international economic meltdown could be a strategic move to solidify control of the US and world economies. For three years this paper has projected market manipulations underway that resulted in the near collapse of world economies. From the sub-prime mortgages to oil and commodity price manipulations, swaps and derivatives to a credit crash, a cascading series of unlikely events sent the world to the brink of economic disaster.


In the process regulatory agencies were proven to be toothless when it came to enforcement, Congress was inept in identifying problems or solutions, hundreds of millions of dollars were poured into political campaigns from Obama to our congressional leaders while behind the scenes the puppet masters were busy carrying out the script. This week the long awaited bank stress test results were released and surprise, surprise, JP Morgan and Goldman Sachs continue to separate themselves from the rest of the world.


The world economy may have been on the precipice of disaster but these two companies benefited in ways it will take years to assess and one has to wonder why? If you followed the series of articles in the Coltons Point Times you would have known. You can see the index of the Economic articles in the recent past at the Coltons Point Times http://coltonspointtimes.blogspot.com/ .
House of Rothschild Family Crest


Let's examine where we are today. First, the Rothschilds control JP Morgan as they have for most of the past century along with an astounding number of major banks, brokers and corporations around the world. Then it is no surprise that in terms of the Market Cap on investment banking institutions in America JP Morgan stands alone with over $130 billion. They along with Goldman also had the highest ratings in the bank stress test and do not need any additional capital.



Behind Morgan comes Wells Fargo $99.16 billion (Warren Buffett is a substantial investor), Bank of America $69.39 billion but dropping, and Goldman Sachs at $64.37 billion (Warren Buffett is also a savior of that bank). Bank of America was the worst of all banks but not bad all the same and Wells does need to raise some capital.


How about the stock prices the past year. JP Morgan lost 27.8% of value, Goldman Sachs lost 31.6% of value and Wells Fargo lost 22.5% of value. All outperformed the markets which are still down about 40-42%. In the banking sector Bank of America lost 73.6% of value and Citigroup lost 87.3% of value. Most important, since Obama got elected our golden boys JP Morgan and Goldman both more than doubled in value to lead the economic rebound.


During the past year virtually all the competition to the golden buys disappeared, Bear Stearns, Merrill Lynch and Lehman Brothers were wiped out, companies that were founded in 1923, 1914 and 1850. All other major competitors were left broken like Bank of America and Citigroup.


Goldman probably owes it's survival to the fact it has long served as a front or partner with JP Morgan, meaning the Rothschild empire, just as the JP Morgan company survived by being a front for the Rothschild family. While Morgan has a market cap of over $130 billion, the Rothschild fortune is estimated to be as high as $200 trillion, not billion. That is more than the annual budgets of every nation on earth, actually more than every nation's budget on earth combined. The largest budget by far is the USA at $3.44 trillion with $11.2 trillion in debt, pocket change to the Rothschild family.


If the Rothschilds are the puppet masters of the world Goldman is their star puppet being in the forefront of every major financial catastrophe in recent history and benefiting each time. They secretly backed Obama well before he was a candidate for President and have been getting dividends on their investment ever since.

Both Morgan and Goldman got billions in bank bail out money from the last Administration, approved by Congress and approved by Senator Obama. Neither needed or ever used it. Since becoming President Obama gave billions to bail out AIG and AIG turned around and paid off billions in debt owed to Morgan and Goldman. How do these things happen under the very nose of Congress and federal regulators?


Look at the record of where former Goldman executives have settled. Here is just a partial list and it makes you wonder if Goldman Sachs is controlling Wall Street and Washington?

Henry H. Fowler - 58th United States Treasury Secretary (1965-1969)
Robert Rubin - Former United States Treasury Secretary, ex-Chairman of Citigroup.
Henry Paulson - Former United States Treasury Secretary.
Edward Lampert- Hedge Fund Manager of ESL Investments. Brought K-Mart out of Bankruptcy in 2003
Joshua Bolten - former White House Chief of Staff
Erin Burnett - CNBC Host
Jon Corzine - Governor of the State of New Jersey.
Michael Cohrs - Head of Global Banking at Deutsche Bank
Emanuel Derman - Author of My Life as a Quant and co-developer of the Black-Derman-Toy
model
Jim Cramer - founder of TheStreet.com, best selling author, and host of Mad Money on CNBC
Ashwin Navin - President and co-founder of BitTorrent, Inc.
Abby Joseph Cohen - Perma-bull market forecaster formerly of Drexel Burnham Lambert
George Herbert Walker IV - member of the Bush family and current managing director at Neuberger Berman
Robert Zoellick - Uniteed States Trade Representative (2001-2005), Deputy Secretary of State (2005-2006), World Bank President.
Mark Carney - Current Governor of the Bank of Canada
Michael D. Fascitelli - President & Trustee of Vornado Realty Trust
Neel Kashkari - Assistant Secretary of the Treasury for Financial Stability
Charlie Haas - Wrestler, who is working for World Wreestling Entertainment
Malcolm Turnbull - Australian politician, currently the federal leader of the Liberal Party of Australia
John Thain - former Chairman and CEO, Merrill Lynch, and former chairman of the NYSE.
Thain was replaced at the NYSE by Goldman veteran Duncan Niederauer.
Robert Steel - Chairman and President, Wachovia Bank.
Reuben Jeffery III, Under Secretary of State for Economic, Business and Agricultural Affairs (2007-)
Romano Prodi, Prime Minister of Italy twice (1996-1998 and 2006-2008) and President of the European Commission (1999-2004)
Mario Draghi, governor of the Bank of Italy (2006- )
Massimo Tononi, Italian deputy treasury chief (2006-2008)

Goldman just hired former Barney Frank staffer Michael Paese to be top Washington lobbyist.
This position was formerly held by Mark Patterson, the current chief of staff at the Treasury.
Tim Geithner, Obama Secretary of Treasury was mentored by Gerald Corrigan, a former New York Fed president and current partner and managing director of the Office of the Chairman of Goldman Sachs. Geithner’s replacement as president of the New York Fed, William C. Dudley, is also a former Goldman executive

Ed Liddy, who the government appointed as CEO of AIG was Goldman’s vice chairman

Akshaya Prasad has left Goldman's and joined investment company Greater Pacific Capital as co-head of their Indian business.

Of course these high-level appointments are probably just coincidental. Just as it was probably coincidental that on September 15, 2008, then New York Fed president Tim Geithner pressed for AIG’s biggest counterparty, Goldman Sachs, to help the insurer raise capital after it became clear that AIG was at risk of going bankrupt. And that on the same day Goldman’s current CEO, Lloyd Blankfein, was at the New York Fed. And that Goldman ended up in receipt of about $12 billion in tax dollars thanks to AIG’s wholesale credit-default swap and after the government bail out.

Just today we learned that the chairman of the Federal Reserve Bank of New York, Stephen J. Friedman, abruptly resigned on Thursday, days after the Wall Street Journal raised questions about his ties to his former employer, Goldman Sachs.
Mr. Friedman, who led or co-led Goldman from 1990 until 1994 and remains a director, was chairman of the New York Fed at the same time. He also held a substantial stake in the firm as the Federal Reserve drew up plans to keep Wall Street’s banks afloat.


Because the New York Fed approved a request by Goldman to become a bank holding company, the chairman’s involvement in Goldman was a violation of Fed policy, The Wall Street Journal reported. The New York Fed had asked for a waiver, which, after about two and a half months, the Fed granted, the newspaper said. During that time, Mr. Friedman bought 37,300 more Goldman shares, which have since risen $1.7 million in value.

In fact the control of the Rothschilds and Goldman are so complex the following is a chart tracking some of the Goldman connections.



As the world economy improves which it must for the golden boys to benefit maybe you should look carefully at our politicians and Wall Street executives and look closely for the puppet strings from the real Master.
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