*******The Real New World Order. Bankers Taking over the World
The Largest Theft in History
By Al Duncan
February 8, 2013
An excerpt from 'The Master Plan'
“The international banking system and the international industrialists had dominated the European setting for decades through the establishment of Central Banks. Through Central Banks, the Elite gradually absorbed the wealth of the world and used it to further their goal of a New World Order. All previous efforts to pass off a Central Bank on the American public had failed. And that was only because the United States Constitution gave Congress alone the authority to create money and govern its value.
“With planned precision, every ploy was used to establish a Central Bank in the United States, but it had to be secretly slipped into the Republic. It had to be a financial institution that performed all the functions of a Central Bank, and yet, the American public had to be convinced that it operated on their behalf. With great planning late one Christmas eve, while most Legislators were with family, the Federal Reserve Act was sneaked through Congress.
“The Federal Reserve (Fed)—a Central Bank privately owned by the Elite, International Bankers—created a financial power independent of, and above the Government of the United States. Under the Federal Reserve Act, private bankers were allowed to create money out of nothing and loan it to the United States at a high rate of interest.
“Along with the implementation of the Fed was the Income Tax. This unconstitutional taxation forced Americans to pay the government for each hour they worked; Americans were now taxed for making a living. While normal taxation is applied to support some form of government action, not one dime of this tax was used for the country, but every penny went directly into the pockets of the shareholders of the Federal Reserve Bank.
“The Elite had finally devised a means to empty the United States treasury, transfer the power to create money into their control, and extract wealth from the American people by taxing them for making a living.”
“It was the Federal Reserve Act that transformed the United States from the greatest creditor nation in the history of modern civilization to the debtor nation; from the greatest exporting and manufacturing nation into the greatest consuming and importing nation with a continuous balance of trade against it. Moreover, the Federal Reserve Act helped to cause the most benevolent nation in the history of the world to become the most tyrannical.
“One Central Bank was needed to consolidate all central banks, so the Bank for International Settlements (BIS) was established. This Central Bank was also privately owned and controlled by the world's central banks, all of which were private corporations. Through the BIS, and its American counterpart the Fed, the Elite were able to move billions of dollars daily and change the direction of economies by simply raising or lowering the interest rate one fraction of a percentage point. Collectively, each central bank dominated its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the
level of economic activity in each country, as well as obtain the support of politicians by giving them economic rewards in the business world, such as insider tips on when the rates would be raised or lowered.
“The Gold Standard held the dollar to a tangible, defined value and so it had to be removed. With the elimination of the Gold Standard, was the introduction of the credit system. Making credit available to the public replaced capitalism and its economic free-market system determined by competition. Eliminating the gold standard and introducing a system of credit completed the Federal Reserve coup.
“Banks operate on what is called a fractional-reserve banking system. That is, the amount of money held in reserve represented only a fraction of what banks could loan. With the gold standard gone and credit firmly in place, the Security Exchange Commission (SEC) eventually allowed banks to loan up to ten dollars for every one dollar held in reserve. To remove all restraints by the SEC, the Elite bankers employed the nation’s leading lobbyists and launched an all-out assault on Washington to render the SEC impotent. They simultaneously bought, bribed and threatened public officials to employ banker personnel in key government regulatory positions, especially within the SEC, the Federal Reserve and the United States Treasury. Through this banker-lobby intervention and Congressional capitulation the SEC was infiltrated and subverted. Now, regardless of the amount held in reserve, the banks were allowed to loan as much as they wanted; this was like being able to
“Commercial banks and investment banks operated under different regulations. The Glass Steagall Act allowed investment banks to buy, sell and trade commodities, but restricted commercial banks that took in deposits to make sound investments for their depositors. It was the Glass Steagall Act that protected the depositor by restricting commercial banks from speculating with depositors’ funds. And so the next banker-lobby assault resulted in the removal of the Glass Steagall Act.
“With all obstructions gove, the Elite international bankers needed a vehicle to siphon depositor’s funds, thus the creation of Mortgage Backed Securities (MBS), also referred to as derivatives. So with all restrictions removed, banks began to speculate using depositor’s funds, and when those funds were exhausted, they begin speculating with money created out of thin air.”
“The Elite central bankers conspired to steal the world’s wealth and place the burden of their theft upon the peoples of world in the form of a debt so overwhelming they could never recover. And the means they used to accomplish this diabolical conspiracy were Mortgage Backed Securities, sometimes referred to as Derivatives.
“With all restraints now out of the way, the door was open for collusion between commercial and investment banks. Eliminating the SECs regulation that limited the amount that banks could loan against their reserves and removing the protections given to the public through the Glass Steagall Act paved the way for the real estate bubble, the siphoning of wealth and the total financial takeover.
“Typically, insurance ratings for real estate loans are based on the appraised value of the property and the borrower’s ability to repay the loan, along with a substantial down payment based on a percentage of the loan. These combined factors constitute a good or bad loan rating. Insurance companies like American International Group (AIG) guaranteed loans as triple-A prime, when they were actually subprime, which made them participants in this conspiracy.
“The Fed sets the rate of interest that commercial banks can borrow money. The lower the rate banks pay, the lower the rate banks charge borrowers. Low rates enticed banks to borrow this cheap money from the Fed. The interest rate set by the Fed also determine the rate banks pay their depositors. Low interest rates discourage depositors from saving, resulting in fewer funds to loan, which forces the banks back to the Fed’s money trough for more cheap loans.
“Equally so, cheap money encourages investors to invest in- or expand businesses. Low interest rates also encourage people to make large purchases such as cars and homes. By artificially adjusting the interest rates down, instead of allowing the rate to fluctuate naturally based on cost and demand, the Fed controlled the flow of money into and out of the market. Since the United States is the engine that drives the global economy, the Fed, seated at the helm, was able to manipulate the economic markets around the world.
“In order to stimulate the housing market the Fed incrementally lowered interest rates. Government lenders such as the Federal Housing Administration, Fanny Mae and Freddie Mac eliminated previous loan restrictions, encouraged every kind of creative loan imaginable, and even approved unqualified buyers to buy homes. These actions were combined with huge TV, radio, and newspaper advertising campaigns, which drove real estate prices to unparalleled heights.
“As the housing market ballooned, the millions of risky subprime loans that were deviously combined with prime-loans were packaged as MBS and falsely rated Triple-A prime. While commercial banks retained some of these securities, investment banks purchased them in mass amounts, repackaged them, reinstated the deceptive triple-A prime ratings and resold them. Mortgage Backed Securities were sold to every person and institution that would buy them; investment houses, colleges, cities and even counties held them as major investments in their portfolios.
“Being in high demand, MBS were sold, and then resold hundreds of times all over the world. With each subsequent sale, a premium and a commission fee was added, causing the original cost to double, triple and even quadruple with each new sale. As long as the housing market was thriving everything was fine. But when the unqualified buyers started forfeiting on their loans and the insurance companies were no longer able to compensate the losses, the real estate market literally imploded overnight.
“Instantly, MBS weren’t worth the paper they were printed on. Anyone holding these instruments suffered great losses and since most banks around the world were saturated with them, they were instantly insolvent. The rough estimation of losses by the international banking community, the insurance companies and the lending institutions was close to one gazillion dollars, if you can fathom such an amount.
“Well, money doesn’t just disappear. Even zeros on a ledger have to be accounted for. With each transaction, the Elite bankers siphoned the profits. Banks, however, had acquired huge losses in this MBS gambling spree and most were now bankrupt.
“To finalize the theft, and transfer the burden of debt to enslave the people, government leaders were threatened with an international banking failure and a total financial collapse. The solution was banker bailouts, such as Troubled Asset Relief Program Fund (TARP), Stimulus Package and eventually Quantitative Easing (QE) I, II and III, and then QE to infinity. This allowed the Elite to weed out the competition by restoring only those banks owned by them.
“Many public officials were in collusion with these Elite bankers, others believed that by helping to sabotage the existing world order they would gain status in the New World Order. Some politicians yielded to the globalists bankers’ demands out of bribes or threats; some did so out of fear of losing their position, while others were truly deceived and believed they were saving the world from an economic Armageddon. The most pitied were those obsessed with their petty positions of authority, and callously executed policies with ruinous consequences.
“For a vast range of personal reasons, politicians agreed to the bankers’ demands. The obligation to payback what the bankers stole was shackled firmly to the people forever. The payment was in the form of a tax that went directly to the coffers of the Elite central bankers. The total debt was so enormous that if every working person in the world gave every dime they earned during their entire lifetime, a hundred future generations couldn’t pay it off.
“Monique, the worldwide economic collapse was an elaborate heist by the Elite international bankers. They extracted the bulk of the world’s wealth and strapped such crushing debt upon the people that their entire existence was consumed to repay it.
© 2013 Al Duncan - All Rights Reserved
“Al Duncan is the author of The Master Plan, which is now being revised. He is also compiling a booklet of about 60 short articles for publication and future availability. Until recently, he wrote a weekly column for a local newspaper, the Lake County Record Bee, distributed by Associated Press. The readers were basically secular and unaware of the New World Order, so his articles were written hoping to educate the reader on this subject. However, Al realizes that NewsWithViews attracts an informed reader, who is seeking to expand his or her understanding of the truths behind the daily events, and how these truths can best help them meet the challenges ahead.
“Al is the fourth generation of Real Estate Brokers and for the past eight years he has owned Al Duncan Real Estate, Inc. in Clearlake, California. For the past seven years he has been on the financial committee, participated as a Sunday greeter and head usher at Lake County Bible Fellowship in Lakeport, California.”
Global Research, February 06, 2013
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How quickly best laid plans become passé. New world orders come, it seems, as frequently as eclipses.
The old world order (ancien régime), along with 16 million people, died during the Great European War which began on June 28, 1914 when the Austrian heir to the throne, Archduke Franz Ferdinand, was assassinated by a Serb nationalist, Gavrilo Princip, in Sarajevo. (Today he would be called a terrorist.) This assassination sent nations that had no desire to go to war into the most destructive war the world had yet experienced.
*******Europe at the beginning of 1914 consisted of six major empires and an assortment of minor states that the major empires didn’t care much about. The six major empires, (the Austro-Hungarian, French, German, British, Ottoman, and Russian) were ensnared in military alliances (much like the US is today) which were formed to keep the peace. The diplomats, like those today, believed that forming alliances that balanced the powers of different groups would keep them from attacking each other. The Central Powers consisted of Austro-Hungary, Germany, and the Ottoman Empire; the Triple Entente consisted of the other three. Peace, the diplomats thought was assured. What happened?
When the archduke was assassinated, the Austrians, confident in their military prowess (as Americans are today), decided to punish Serbia which was attacked on July 28. But the Serbs ambushed the Austrians at the battles of Cer and Kolubara. The Austrians were thrown back with heavy losses. Russia came to the aid of its ethnically related Serbs, and Germany invaded France through Belgium and Luxembourg. Britain came to the defense of France and the Ottoman Empire joined the war in the Balkans on the side of the Central Powers. The alliances that were to ensure the peace changed a single assassination into a massive war. When it was over, the Austro-Hungarian, the German, the Ottoman, and the Russian Empires had vanished and the United States, which joined the war late on the side of the Triple Entente had become a world player. The old world order was gone!
Woodrow Wilson, the American President, sought to create a new old world order by proposing his Fourteen Points. Wilson wanted to create separate nations out of former colonies and ensure the peace by creating a League of Nations (another peace by treaty scheme). Territorial reductions were made to Germany and Austria, a slew of new and revived nations were created in Eastern Europe, while France and Britain carved up the Ottoman Empire to suit themselves. The new old world order was just a reconfigured old world order. It didn’t last and it didn’t ensure the peace. So much for the best laid plans of diplomats.Germany was reborn in 1933 when Adolph Hitler became Chancellor. He, too, sought to create a new world order, one dominated by a Thousand Year Reich (Empire). To that end, his policies were aimed at seizing Lebensraum (living space) for the German people by extending Germany’s borders. Austria and parts of Czechoslovakia were annexed and Poland was invaded. But alas, Poland had a mutual defense treaty (another alliance formed to ensure the peach) with Great Britain and France, so the invasion of Poland started World War II.
When it was over, Germany again was destroyed and Great Britain and France, for the most part, had had their empires diminished. The United States and the Union of Soviet Socialist Republics (Russia)
Sometime after 1950 (because of secrecy, the exact date is unknown) the Bilderbergers, realizing that the old world ancient régime and all of these new old world orders were founded on nation states that kept going to war with each other, began an attempt to create a truly new world order. David Rockefeller writes,
“For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that’s the charge, I stand guilty, and I am proud of it”
Some believe that these international bankers have succeeded in taking over the world, but it has never succeeded in abolishing nation states. In fact, there is some evidence that nation states may be disintegrating into smaller ones. Scotland is going to hold a referendum on withdrawing from England, Catalonia is talking about withdrawing from Spain, Czechoslovakia has broken up into the Czech and Slovak republics, there is talk again of secession in the US, and no one quite knows what is really happening in the Arab world. A new world order ruled by one government? Not hardly!But things began to break down in the 1950s. Until then, wars were fought between armies supported by nation states, and their endings were foreseeable. A war ended when one army, either voluntarily or on command, surrendered. That era appears to have ended. Old world order warfare appears to have become passé.
When the second world war ended, the Korean Peninsula was partitioned into Northern and Southern sections occupied by the Russians and Americans respectively. Elections for unification were to be held in 1948 but were not; the Americans were unsure the result would favor the South. Open warfare broke out when North Korean forces invaded South Korea in June, 1950. Because the Soviet Union was boycotting the United Nations Security Council at the time, the United States and other countries passed a Security Council resolution authorizing military intervention. The war’s progress favored each side from time to time and continued until July, 1953 when an armistice was signed. Officially, the war still goes on today. The US provided 88% of the 341,000 international soldiers which aided South Korea. The Russians and the People’s Republic of China aided North Korea. The West’s army was international, and the era of never ending, wars may have begun.
After a short pause, the American hubris led the US to play one-upmanship with France. Since the end of World War II, the French had been trying to maintain its hold on its Southeastern Asian colony of Vietnam. But at the Battle of Dien Bien Phu, the French were soundly defeated and decided to give up the fight. American hubris about its military prowess made American diplomats believe that the US could do what the French could not and began to use American military resources to keep South Vietnam from being united with the North.The Pentagon’s military minds viewed this conflict as a traditional two-nation-state one and believed that America’s military only had to defeat a primitive North Vietnamese army to succeed. They were wrong, and after twenty years of fighting, 58,000 Americans, millions of Vietnamese had died, and the Americans fled. But this war marked another first: the army that won all the battles lost the war. That had never before happened in history. Today, winning battles does not win wars. Truly a new era in warfare has begun. What the Pentagon’s commanders failed to realize was that the war was not a two state war. It was a war between an invading army and an indigenous people who could only be defeated by total annihilation. No possible way existed for Americans (or any other nation-state) to “win” this war.
But Americans are hard learners and they learned nothing from Korea and Vietnam, so after two misadventures that appeared to be successful (Grenada and the 1st Gulf War), the US led another multinational force into Iraq and Afghanistan. After eight years in Iraq and the installation of a new government, the US withdrew without achieving its goals, leaving Iraq in disarray. And after more than a decade in Afghanistan a similar outcome seems to be imminent. Like Vietnam, these wars too are not two-state wars.
They amount to invading armies battling indigenous peoples who themselves are not united and not under the control of any government, group, or commander. No surrendering army in either country will ever be found. But now there’s a new twist. The forces facing the invaders do not merely consist of local peoples. Those peoples are assisted by non-state but similarly minded multi-state actors. The people opposing the West in Afghanistan are the same groups opposing the West in Libya, Algeria, Syria, Yemen, Mali, Somalia, the Sudan, and elsewhere. People who have been subjugated and exploited by the West have begun an undeclared war on the West and westerners everywhere, and winning this war will require not their defeat but their annihilation. The West cannot do that without annihilating itself in the process.The real new world order has emerged–the world’s downtrodden against the West and its puppet, surrogate colonial governments. These non-state but similarly minded actors will determine the course of future world history. There is now a new world order that the West cannot control, that military force cannot subdue, and that concessions cannot placate. Ancien régimes relied on military power to influence events. The true new world order renders military power effete. All it can now accomplish is kill for killing’s sake. Pure barbarity is what the promise of Western Civilization has been reduced to. What a wonderful world we have made!
Copyright © 2013 Global Research
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