Global Economic Criminals

Global Economic Criminals

by Dick Eastman

We can defeat enslavement by global financial crime if we all can agree on what their crimes have been and what those crimes have cost us, and if we can disconnect from their programmed deceit and move as one mass, in every city and village, in united opposition to the debt slavery, wage-slavery, monopoly-slavery, dumb-down slavery, rigged-election slavery, and monetary slavery systems that are our chains.

I think I understand the entire Kleptastrophe crime and can explain it to you clearly enough that everyone will have sufficient reason to come together for whole-population resistance and liberation. Sorry, but I don't have time to polish the presentation; consider it a battlefield dispatch. This nation is being overrun by financial vandals, disguised as regulators and bankers, who are as destructive as any invaders in history. We are finished, unless millions are made to see what is happening and what is at stake.

There were no “bad loans.” Those loans were reasonable given the interest rate and the law of averages. Given the economic climate in which they were made. the risk was reasonable and was "taken into account" by the interest rates offered. The market failure came about for other reasons.

People failed to make their mortgage payments all at the same time because purchasing power had been drained from the domestic economy by the Federal Reserve Bank in its "inflation fighting policy." Even now the Fed has the power to reverse what is happening by merely decreasing the reserve requirement that it sets for commercial lending institutions. And even now the Fed is holding back on supplying the public with mortgage payment medium, on the grounds that "technically, as economists have agreed to reckon it, the U.S. is not in a recession, a recession being defined as consecutive months of declining gross domestic product.¹ So, instead of providing mortgage payment, food payment, and fuel payment media to the people by simply decreasing the reserve requirement to give more loanable deposits to banks "for nothing," as the Fed was chartered to do, the Fed has taken a much different course. It has kept the money supply tight to benefit lenders and IOU holders, at the expense of everyone else.

The Fed has kept the reserve requirement constant throughout the Kleptastrophe. Adjusting the reserve requirement was the lever for expanding the money supply that the Federal Reserve banks were supposed to use when there was a shortage of purchasing power in any of the 12 Fed Reserve districts. The tool was to put money in the hands of small businesses and new businesses, and homebuilders and farms, etc. whenever purchasing power got too tight and there were too many foreclosures. That is not what the Wall Street financiers wanted 100 years ago when they decided to foist a central bank on the U.S., but it is what they wanted Congress and the American people to think it would be.

 Rather than create new loanable funds by simply reducing the reserves a bank was required to keep against its loans outstanding, the financiers made a different arrangement for expanding and contracting the money supply. All expansion and contraction would be conducted by big investment banks, either by buying securities from the Fed, which shrunk money that investment bankers had to invest in big corporations or loan to cities, states, and the federal government, or by selling securities to the Fed, which gave the investment bankers more money to invest in corporations in investments at in the U.S. or elsewhere. This is what Timothy F. Geithner has been doing at the Federal Reserve Bank of New York: telling the Fed Board of Governors, including Chairman Ben Bernanke, what he and the Wall Street financiers have done ―after the fact. And yes, probably Geithner is an order taker most of the time, except in matters touching the Kleptastrophe, where he has the key role as director and member of the orchestration team. Needless to say, when loanable funds are handed to investment bankers in exchange for the securities they hold, the money they get for lending, which must give a return higher than the securities were offering, does not end up as new purchasing power, i.e. new debt-paying power, in the hands of the average American householder. 

So the Fed, rather than putting the purchasing and debt-paying power in the domestic economy loop, where it would reach householders with mortgages, they limited their purchasing power creation to their own elite circle attached to the Federal Reserve Bank of New York, the only Federal Reserve bank in the country which conducts these open-market purchases and sales.

New York Federal Reserve Bank and its President, Timothy Geithner

Chinese-speaking Timothy Geithner is President of the New York Federal Reserve Bank and Vice Chairman of the Federal Open Market Committee, the latter of which really controls the amount of loanable funds in the economy. Fed Chairman Bernanke is a powerless figurehead and misinformation mouthpiece, a cardboard figure who merely announces what the new discount rate, the rate at which the Fed will lend money to banks "discounted" with treasury securities held as collateral so banks will not dip below required reserves when they are lending close to the limit allowed by their excess reserves. Don't think for a minute that the Fed Chairman or the Board of Governors is the power behind the Fed ― he is merely the "front man," the only leader of the system that is "appointed" by the President, that being the only basis on which it can at all be said that the Fed is in any way an instrument of the U.S. government or responsible to its people. Both the Chairman and the U.S. President, who appoints him, are mere tokens following orders. The real power is Timothy Geithner and the men behind him: Kissinger, Greenspan, Voker, Reuben, Thain, and Corrigan, as will be shown below.

The power is with the New York Federal Reserve bank, and the president of that bank serves only the financial interests of the international investment bankers. Don't be fooled by the redefinition of banking. The investment banks are now "commercial banks" only in the sense that by becoming so they escape all of the still-remaining regulations that hampered their actions. What we have seen is nothing less that the climactic phase of the takeover of the U.S. banking system by the international investment banking interests ― "the Rothschilds and Rockefellers," as the ordinary citizen often refer to them ― consisting of many super-rich families/clans