By Greg Palast, August 22, 2013
by Georgi Stankov
This is an excellent article by the famous investigative journalist Greg Palast. It reveals the core of the criminal acts of the US financial cabal that deliberately created the current financial crisis which explode in 2008. This set of criminal deeds will lead to the final crash of the Orion monetary system in the next few days as predicted my myself in a series of articles written in the last several years.
If you make the effort and re-read them one more time, you will find out that I have always concentrated on the main financial crimes of the US banksters that created this crisis on purpose with an incredible criminal energy as to establish the NWO in the End Times and thus hinder our ascension.
This highly professional, investigative article by Greg Palast fully confirms my approach to this complicated area of finances, where most present-day experts “do not see the forest from too much trees”, to quote a German saying, and get lost in the facts. Besides, none of them has the transcendental knowledge to comprehend what is actually happening energetically on this planet behind the veil and to explain the world financial affairs in the context of these intricate cosmic processes of ascension, as this has become a maxim in all my writings.
Let me illustrate this with a single fact. Throughout all my publications on financial matters, I have repeatedly stressed the pivotal role of the creation of rogue derivatives such as CDOs by the big US banks in the course of the deregulation of the worldwide financial markets in the 90s with the ultimate goal to inflate all fiat currencies and thus default the world economy before the NWO could be installed.
Only in my recent article on the de facto bankruptcy of JP Morgan from August 9th
I wrote as follows:
“The recent events in the financial sector, as reported on this website, are not haphazard, but follow a simple inner logic. The US government /states (and also GB) are illiquid (bankrupt) and can no longer print money out of thin air as the rest of the world has stopped accepting US dollars as international currency of payments. The total debt in the US – fiscal, bank, private, municipal, corporate etc. has skyrocketed in the meantime to more than 300 trillion USD, from 200 trillion in 2008 at the height of subprime mortgage crisis as calculated by renowned financial experts.
To this we must add the more than 500 – 700 trillion CDO obligations, which are currently (and have always been) worthless. All these fraudulent “financial weapons of mass destruction” were invented with an unprecedented criminal energy by the ten biggest US banks and sold to the rest of the world. As these banks are currently illiquid (and this practically since 2008), they cannot back up these virtual financial products with any real assets.
Only JP Morgan sits on 73,5 trillion CDOs according to Bloomberg below and on more than 90 trillion according to the information of this author. However the capitalisation of this rotten bank on the NY Stock exchange is currently less than 200 billion or just 4,5% of the total sum of its CDOs. The outstanding CDOs of JP Morgan are but only one form of collateralization, which this bank has to pay back to its clients when a bank crash comes. It also owes trillions of USD of other assets, for instance in the gold and silver market to external contractors, etc.etc.”
Now Greg Palast confirms that JP Morgan has indeed emitted 88 trillion USD CDOs and thus repudiates the Orion financial source of mass disinformation Bloomberg one more time:
“Second, the banks wanted the right to play a new high-risk game: “derivatives trading”. JP Morgan alone would soon carry $88 trillion of these pseudo-securities on its books as “assets”.
I personally do not believe that this plan to default the world economy through the creation of virtual derivatives without any value was an original idea of the few clones of notorious banksters It was from the very beginning the master plan of the Orion/ Reptilian empire from the astral planes to enslave humanity in the End Times. This plan has worked fabulously on other planets which these dark entities and archons have previously enslaved and destroyed. Inflate the fiat currency through complicated financial products, which nobody can understand except the few criminal CEOs who have created them and then take over the whole producing economy and enslave the impoverished people from scratch.
This is not science fiction. This is precisely what has already happened in the last month on the seven catastrophic 4D earths after the MPR took place. And this is what the dark US cabal will try to implement in a last, desperate ditch effort in the next few days if we give them this chance.
But as AA Michael has announced today, the light warriors from the PAT have their own trump up in the sleeves and will, together with the Source and the forces of light, trigger the detonation of the PAT Supernova that will surprise the banksters in underpants as they do not expect such a resolute and powerful response from light beings. Then these Orion clones will be ousted with force from their positions of power and will be simply dissolved and separated from the ascending upper 4D levels 8th to 12th. Their soul fragments will be sent to the lower catastrophic 4D earths to begin with their new horrible incarnation cycle of 1000 years.
One final remark – please observe that all the chief banksters and perpetrators of the financial crash since 2007/2008, such as Larry Summers, Rubin and Geithner are also the masterminds behind the creation of the current puppet of an American president – Obama. Just as they were able to forge the world finances and to default numerous counties, such as Greece and Spain, but also the USA and GB, they also forged a foreigner, a non-american citizen to become US president. Their arrogance knew no limits until the PAT enters the scene and wipes out these detestable dark entities for ever from this new world.
When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn’t believe it.
The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3 percent unemployment in Spain, desperation and hunger inGreece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.
The Treasury official playing the bankers’ secret End Game was Larry Summers. Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank. If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world.
The memo is authentic.
I had to fly to Geneva to get confirmation and wangle a meeting with the Secretary General of the World Trade Organisation, Pascal Lamy. Lamy, the Generalissimo of Globalisation, told me,
“The WTO was not created as some dark cabal of multinationals secretly cooking plots against the people… We don’t have cigar-smoking, rich, crazy bankers negotiating.”
Then I showed him the memo.
It begins with Larry Summers’ flunky, Timothy Geithner, reminding his boss to call the Bank bigshots to order their lobbyist armies to march:
“As we enter the end-game of the WTO financial services negotiations, I believe it would be a good idea for you to touch base with the CEOs…”
To avoid Summers having to call his office to get the phone numbers (which, under US law, would have to appear on public logs), Geithner listed the private lines of what were then the five most powerful CEOs on the planet. And here they are:
Goldman Sachs: John Corzine (212)902-8281
Merrill Lynch: David Kamanski (212)449-6868
Bank of America: David Coulter (415)622-2255
Citibank: John Reed (212)559-2732
Chase Manhattan: Walter Shipley (212)270-1380
Lamy was right: They don’t smoke cigars. Go ahead and dial them. I did, and sure enough, got a cheery personal hello from Reed – cheery until I revealed I wasn’t Larry Summers. (Note: The other numbers were swiftly disconnected. And Corzine can’t be reached while he faces criminal charges.)
It’s not the little cabal of confabs held by Summers and the banksters that’s so troubling. The horror is in the purpose of the “end game” itself.
Let me explain:
The year was 1997. US Treasury Secretary Robert Rubin was pushing hard to de-regulate banks. That required, first, repeal of the Glass-Steagall Act to dismantle the barrier between commercial banks and investment banks. It was like replacing bank vaults with roulette wheels.
Second, the banks wanted the right to play a new high-risk game: “derivatives trading”. JP Morgan alone would soon carry $88 trillion of these pseudo-securities on its books as “assets”.
Deputy Treasury Secretary Summers (soon to replace Rubin as Secretary) body-blocked any attempt to control derivatives.
But what was the use of turning US banks into derivatives casinos if money would flee to nations with safer banking laws?
The answer conceived by the Big Bank Five: eliminate controls on banks in every nation on the planet — in one single move. It was as brilliant as it was insanely dangerous.
How could they pull off this mad caper? The bankers’ and Summers’ game was to use the Financial Services Agreement (or FSA), an abstruse and benign addendum to the international trade agreements policed by the World Trade Organisation.
Until the bankers began their play, the WTO agreements dealt simply with trade in goods – that is, my cars for your bananas. The new rules devised by Summers and the banks would force all nations to accept trade in “bads” – toxic assets like financial derivatives.
Until the bankers’ re-draft of the FSA, each nation controlled and chartered the banks within their own borders. The new rules of the game would force every nation to open their markets to Citibank, JP Morgan and their derivatives “products”.
And all 156 nations in the WTO would have to smash down their own Glass-Steagall divisions between commercial savings banks and the investment banks that gamble with derivatives.
The job of turning the FSA into the bankers’ battering ram was given to Geithner, who was named Ambassador to the World Trade Organisation.
Bankers Go Bananas
Why in the world would any nation agree to let its banking system be boarded and seized by financial pirates like JP Morgan?
The answer, in the case of Ecuador, was bananas. Ecuador was truly a banana republic. The yellow fruit was that nation’s life-and-death source of hard currency. If it refused to sign the new FSA, Ecuador could feed its bananas to the monkeys and go back into bankruptcy. Ecuador signed.
And so on – with every single nation bullied into signing.
Every nation but one, I should say. Brazil’s new President, Inacio Lula da Silva, refused. In retaliation, Brazil was threatened with a virtual embargo of its products by the European Union’s Trade Commissioner, one Peter Mandelson, according to another confidential memo I got my hands on. But Lula’s refusenik stance paid off for Brazil which, alone among Western nations, survived and thrived during the 2007-9 bank crisis.
China signed – but got its pound of flesh in return. It opened its banking sector a crack in return for access and control of the US auto parts and other markets. (Swiftly, two million US jobs shifted to China.)
The new FSA pulled the lid off the Pandora’s box of worldwide derivatives trade. Among the notorious transactions legalised: Goldman Sachs (where Treasury Secretary Rubin had been co-chairman) worked a secret euro-derivatives swap with Greece which, ultimately, destroyed that nation. Ecuador, its own banking sector de-regulated and demolished, exploded into riots. Argentina had to sell off its oil companies (to the Spanish) and water systems (to Enron) while its teachers hunted for food in garbage cans. Then, Bankers Gone Wild in the Eurozone dove head-first into derivatives pools without knowing how to swim – and the continent is now being sold off in tiny, cheap pieces to Germany.
Of course, it was not just threats that sold the FSA, but temptation as well. After all, every evil starts with one bite of an apple offered by a snake. The apple: the gleaming piles of lucre hidden in the FSA for local elites. The snake was named Larry.
Does all this evil and pain flow from a single memo? Of course not: the evil was The Game itself, as played by the banker clique. The memo only revealed their game-plan for checkmate.
And the memo reveals a lot about Summers and Obama.
While billions of sorry souls are still hurting from worldwide banker-made disaster, Rubin and Summers didn’t do too badly. Rubin’s deregulation of banks had permitted the creation of a financial monstrosity called “Citigroup”. Within weeks of leaving office, Rubin was named director, then Chairman of Citigroup – which went bankrupt while managing to pay Rubin a total of $126 million.
Then Rubin took on another post: as key campaign benefactor to a young State Senator, Barack Obama. Only days after his election as President, Obama, at Rubin’s insistence, gave Summers the odd post of US “Economics Tsar” and made Geithner his Tsarina (that is, Secretary of Treasury). In 2010, Summers gave up his royalist robes to return to “consulting” for Citibank and other creatures of bank deregulation whose payments have raised Summers’ net worth by $31 million since the “end-game” memo.
That Obama would, at Robert Rubin’s demand, now choose Summers to run the Federal Reserve Board means that, unfortunately, we are far from the end of the game.
Special thanks to expert Mary Bottari of Bankster USA www.BanksterUSA.org without whom our investigation could not have begun.
The film of my meeting with WTO chief Lamy was originally created for Ring of Fire, hosted by Mike Papantonio and Robert F. Kennedy Jr.
Further discussion of the documents I laid before Lamy can be found in “The Generalissimo of Globalization,” Chapter 12 of Vultures’ Picnic by Greg Palast (Constable Robinson 2012).
Follow Greg on Twitter: @Greg_Palast