June 26, 2011 — Dean Henderson
Thomas Jefferson opined of the Rothschild-led Eight Families central banking cartel which came to control the United States, “Single acts of tyranny may be ascribed to the accidental opinion of the day, but a series of oppressions begun at a distinguished period, unalterable through every change of ministers, too plainly prove a deliberate, systematic plan of reducing us to slavery”.
Two centuries and a few decades later this same cabal of trillionaire money changers – mysteriously immune from their own calls for “broad sacrifice” – utilizes the debt lever to ring concessions from the people of Ireland, Greece, Spain, Portugal, Italy and now the United States.
In their never-ending quest to subjugate the planet, the bankers’ IMF enforcer – chronic harasser of Third World governments – has turned its sites on the developed world. To further advance their dizzying concentration of economic power, the whining banksters take a giant wrecking ball to the global middle class as they prepare to eat their young.
No one can argue that the US deficit is not a problem. Much of it accrues paying interest on the $14 trillion debt. Stooped-over Congressional cartel shills with names like Cantor and Boehner argue for slashing entire government departments to satiate the bloodthirsty bond-holders. Liberals argue for higher taxes on the rich and massive Pentagon cuts.
I agree with these latter proposals. The super-rich paid 90% under Eisenhower and 72% under Nixon. Both were Republicans. They now pay 33%. Most corporations and many elites utilize offshore tax havens and pay nothing.
The argument for progressive taxation is that those who benefit more from government should pay more. Cartel apologists propagate the fiction that the poor soak up middle-class tax dollars, sowing division between the poor and middle class. Meanwhile, the Eight Families financial octopus feeds mightily at the public trough be it the SEC (rich investors), the FCC (Gulfstream jet fliers), the USDA (the richest farmers get the biggest checks), Medicaid (insurance fraud, Big Pharma gouging) or the Pentagon (Lockheed Martin, Halliburton, Blackwater).
Still, $14 trillion is an insurmountable debt. Increasing taxes on the super-rich combined with a global American military withdrawal from its current role as Hessianized mercenary force for the City of London banksters, while welcome, will not be enough to deal with this monster debt, what Jefferson termed, this “deliberate, systematic plan of reducing us to slavery”.
The belt-way dialogue on the deficit remains locked in a tiny intellectual box created by the corporate media and their Federal Reserve cartel owners. But there is another way.
It is a myth that most of that $14 trillion debt is owed to the Chinese or other “governments”. The vast majority – around $10 trillion – is owed to the Eight Families Federal Reserve crowd.
In a June 9, 2011 article for Marketwatch, Unicredit’s Chief US Economist Harm Bandholz stated that the Federal Reserve is the largest holder of US debt with around 14% of the total. This does not include debt held by Rothschild-controlled central banks of other nations – including China, Japan and the GCC oil fiefdoms.
Through the recent QE2 program, the Fed purchased another $600 billion in Treasury bonds. They claimed it was a last ditch attempt to save the global economy from deflation. Instead, the banksters who got the interest free taxpayer-backed money pushed us further towards deflation by refusing to lend their welfare bonanza to potential homeowners or small business.
Conversely and inherent in the printing of zero-interest money, they created inflation – speculating in oil, food and gold futures and rolling this increased US debt on the roulette tables at their various wholly-owned global stock exchanges. Is it any wonder the financial parasite class is now clamoring for QE3?
What follows is a ten-step proposal which President Obama and the Congress could enact to lift the $14 trillion debt from the backs of future generations of Americans. These should be done concurrently as part of a single sweeping financial reform bill. Modeled after last week’s release of strategic petroleum reserves by twenty-seven nations, this measure should be enacted in tandem with as many willing nations as possible. The same Rothschild-led cabal controls the central banks of most every nation and there is power in numbers. If these measures are enacted separately or by only one nation, the Eight Families cartel will use their financial clout to target and destroy the US:
1) Introduce a Treasury Department-administered infrastructure investment fund, which workers should be strongly encouraged to opt into using accrued funds from their private 401K plans. This is important because the banker’s stock market casino will crash due to the next nine steps and workers must be shielded from this event. This fund can be used to rebuild America’s infrastructure, with American workers acting as lenders and receiving a fair rate of interest in return.
2) The US needs to withdraw from the Bank of International Settlements, the World Trade Organization, the World Bank, the IMF and all Eight Families-controlled multilateral lending facilities. We would save billions funding these banker welfare schemes while freeing ourselves from rules which prevent our financial emancipation.
3) De-link the dollar from all currency baskets and IMF special drawing rights. Ban trade in dollars on all global exchanges. This will create a demand for dollars and strengthen our badly devalued currency. Impose currency controls by fixing the dollar at 1:1 euro, Chinese yuan, Canadian dollar and Swiss franc; 100:1 Japanese yen. During the 1997 Asian financial crisis, Malaysian Prime Minister Mahathir Mohamad fixed the nation’s currency – the ringit. It was the only currency in the region that did not crash when Rothschild front-man George Soros took aim at the region.
4) Nationalize the Federal Reserve. According to a London barrister I have been in contact with, under the Federal Reserve Act there is a provision that allows for the US government to buy back the Fed’s charter for $4 billion. We should pay this fee, revoke the Fed charter and launch a new US dollar issued by the Treasury Department. With the dollar fixed, the vampires cannot crash it.
5) Cancel the $10 trillion debt to the Illuminati bankers. Debt obligations to foreign governments and small bond-holders should be honored at par.
6) Arrest the perpetrators. Prosecute to the fullest extent of the law all fraudulent transactions involving the Fed cartel. Send the FBI to the New York Fed. Seize all documents. Confiscate the world’s largest gold reserves which are stored there. These were stolen from various governments including from our own Ft. Knox reserves.
7) Forget just repealing the Bush tax cuts on the rich. The top tax rate on people who make more than $1 million/ year should be raised to 75%. People making more than $500,000/year should pay 50%. All tax brackets below $75,000/year should see tax cuts. If you get more from government you need to pay for it, instead of soaking the middle-class and blaming it on the poor.
8) Slash Pentagon spending. Shut down all US military bases on foreign soil, including those in Europe, Japan and South Korea. Withdraw ALL troops from Iraq and Afghanistan immediately. Use the savings to pay off government and small bond-holders.
9) Outlaw offshore banking by US citizens and corporations. Bring your money home and pay taxes on it or surrender your US passport/corporate charter. The dramatic increase in tax revenue would be enough to pay off the remaining debt to sovereign governments and small bond-holders, while keeping our obligations to the Social Security trust fund.
10) Introduce single-payer health care and price controls on prescription drugs. The current corporate for-profit health care bonanza depends upon sickness and ill health for its hefty profits. In 2006 Canada government spent $3,678 per person for free single-payer coverage for all its citizens. The US government spent $6,714 per person covering the insurance, pharmaceutical, hospital and AMA cartels. The savings attained from eliminating insurance/pharmaceutical/hospital chain/doctor-perpetrated Medicare/Medicaid/Social Security fraud will save the US Treasury billions. It is the only solution to skyrocketing and unsustainable health care costs.
Using this methodology the US could wipe out both its deficit and its debt within a year. These measures should be planned in secret and introduced swiftly and in rapid succession. Social security and Medicare will be saved. The middle class will see their tax rates go down, while their retirement fund finances the rebuilding of a 21st Century America. Manufacturing jobs will come home, since the Chinese yuan will have seen a dramatic appreciation. Our national security will be enhanced by withdrawing from the role of global policeman.
If we keep thinking inside the banker-manufactured beltway box, our children have no future. They will live in a Third World country which produces nothing, lorded over by debt-collector parasites known as the “financial services industry”.
The wealth-destroying Eight Families banker elite are the perpetrators of the US debt crime. Should a woman who is raped serve the sentence of her rapist? That’s absurd. Then why should Americans or any other nation pay a fraudulent debt foisted upon them by con-men? It is time for Obama and the Congress to get a backbone and force the criminal Federal Reserve cartel to make the “broad sacrifices”.
11 Responses to “The Federal Reserve Cartel: Part V: The Solution”
KumarRaj Says: June 26, 2011 at 1:33 pm
I have read the whole series of this analysis. Yes we are controlled by a super elite clause, for centuries, which control the money making machine, media, governments, multilateral institutions. After the formation of G-20, they have a firm control over 85% of the global population and economy.
The point that I want to make is that they loot the whole world…not the US alone. Post WWII, US has become the central stage for them to play their drama for the world to loot. The entire global money making system is on the bank of US debt. No doubt that they make money from US government against its debt that was issued with US treasury (US citizens) guarantee. But they make much more from other governments by recycling the dollar bills, simply because the others print their domestic currency using the dollar bills in their reserve as the base!!
The financial system that these super elite run today has generated capital out flow of 15 trillion dollars from US while the inflow of foreign capital into US is 19 trillion dollars. There is a net obligation of 4 trillion dollars for US to the rest of the world. But, the income that the US investment abroad earns is much more than the income that the foreign investment in US earns. Historically, US investment earned a minimum of 200 basis points more than the earnings of foreigners from US. This is now at over 300 basis points.
Foreign central banks created their domestic national debt at a higher interest rate for their own governments while invested their foreign currency surplus in the kitty at a much lower return with US Treasuries, through the same international Banksters who control the system. That benefit does not accrue to US government and citizens. That is a double whammy for these super elite that control the system.
Therefore, this is a global issue and so the solution must be a global one and not a US centric proposal. US has taken the lead, post 1945, through its promise to pay pledge (later dumped under Nixon in 1969) to IMF. So now it has to take that lead for a global solution to pin down these cabals rather than close out under a simple US centric solution. It will not work and it will lead to more geo-political conflicts and it would be to the advantage of the same ruling super elite CABALS!!!
KumarRaj Says: June 27, 2011 at 1:40 pm
Thanks Mr. Henderson….keep up with your good work!
David Burton Says: July 8, 2011 at 3:42 pm
KumarRaj’s excellent comment boils down to an understanding that the people in the streets everywhere must understand, that the masks have fallen off or are falling off a certain kind of leadership worldwide, a financial parasite that is devouring the world and cares nothing for any but themselves. Their upheaval must not only take place in the United States, but everywhere worldwide and almost within weeks or days of it first starting to turn. There is a desire around the world for people to know that there are viable solutions, that truth and justice require that the way forward is certainly not going to be without trouble, but that people around the world, who do not want war, will be able to take back their freedoms as never before, once these enemies are recognized, and dealt with.
opus diablos Says: June 27, 2011 at 7:20 am
There’s the paradox. We DO need globalisation for the train of problems accelerating towards the next generation.
I believe the global project is the human project, but we have a parasitic infestation of egomaniac vampires(Paul Simon’s ‘..loose affiliation of millionaires and billionaires..’) sucking on our collective carotid arteries in the name of THEIR version of OUR project.
Result, collective brain damage. Whats needed is LATERAL, co-operative, inclusive, and interdependent globalisation to replace their exclusive, PYRAMIDIC, competitive domination.
David Burton Says: July 8, 2011 at 3:54 pm
opus diablos; Perhaps you are a medical practitioner or student of medicine? Whether or not, you speak of a solution as almost surgical in nature and I like the analogy very much because that;’s kind of what we are dealing with; a cancer, a kind of malignancy that uses various devices to devise panics and other economic aberrations, takes control of a nation’s or economy’s money supply and then metastasises itself until it kills its host and then attempts to devour the resources it has stolen from the rest of humanity. We we warned by our elders why certain practices were not to be tolerated and we foolishly ignored advice that was probably uttered at the times of ruin else how would they have been uttered in the first place? We fully expect that exposure is the chief weapon we have to use against them. Follow the money and expose where it is and where it goes and who has the most of it and most importantly just how they got it. Then you’ll understand much.
Incognito Says: June 28, 2011 at 12:13 am
Well, I officially cannot comment on your site thru my iphone… so I copied and pasted here:
Reading your writings is a balm upon my soul.
So many comments came to mind while reading through your script….too many to write down after a whole day of reading and (I think) learning.
I think some of what Kumar said is right on the ball. I salivate at the notion of of nuke-armed, determined bankster enemies declaring war on them and their idea of “modernity”. I think America, under good leadership, can find support from Venezuela for oil and all the nations that resisted the banksters. Under enlightened leadership (echoes of JFK), let FREEDOM RING and the VoA broadcast true liberation worldwide!!! It’s war that the banksters have brought upon us and our loved ones in the cowardly dark of night; let us now declare it to them in broad daylight!
Can you imagine a truly charismatic leader, capable of whipping billions into a bankster liberation frenzy with TRUTH and personality? Capable of explaining this complex system of enslavement in a few quick sentnces w/out Faux News twisting shit around? OMFG!!!! Yeehaw!
Let us torture the torturers! lmao
Just having a little guillotine fun.
BTW one of my regular reads (zerohedge.com)has gone all Big Bro on our comments. I raised so much hell with your writing (there are some real idiots) and stuff from voltairenet.org, my comments kept getting deleted. I’m not the only one either.
This is what passes for enlightened conversation on that click-bait site:
by Upswaller on Mon, 06/27/2011 – 22:33
While Zerohedge has details a structural engineer would masturbate to, GB has educated far more people about what’s happened to our country. The hatred for him from many of you on here is truly curious, as most would actually agree with him. Do those who hold him in low regard also harbor jealousy?
Thanks Tyler, for all you do and Glenn Beck too.
by DoChenRollingBearing on Mon, 06/27/2011 – 22:39
by Chuck Walla on Mon, 06/27/2011 – 22:39
By reason of Soros doing his best to get GB off the air, he must be considered a worthy opponent. Much of the nexus of evil is funded by Soros and the light of day has caused the rat to scurry a bit and be distracted. And the payments to Media matters must have been astronomical. Astroturf ain’t cheap, ask the Wisconsin Public Unions.
opus diablos Says: June 28, 2011 at 4:57 am
The trouble, as I’m sure is no news, is their control of the media means of debate that could effect the necessary cultural change to inplement a more advanced twenty-first century democracy, given the educational and technological advances of the past century.
As Aneuran Bevan put it:
‘ Fascism is not in itself a new order of society. It is the future refusing to be born.’
The question becomes, will they pull the nuclear trigger when that train hits their bunker?
KumarRaj Says: June 28, 2011 at 11:18 am
You hit the nail on dot……the “nuclear trigger”. All the triggers are not in the hands of these Cabals…that is the worry. Will we end up life in this world by 2025????
FreeOurMoney Says: June 28, 2011 at 11:15 am
Thanks for the excellent series (again) Dean! Informative and well written. Good points made by the commenters and I’d like to back the suggestion that we do need some sort of overall global steering committee, however, as mentioned, it needs to be done by humanity as a whole and for the direct purpose of benefiting humanity as a whole and nothing more. I’m with Stephen Hawking when he suggests we need to start looking to get off this rock and spreading out as we’re a pretty small and insignificant part of the universe and having “all our eggs in one basket” as he puts it is not such a good idea! 😉
I’m a fairly recent “awakener” to the entire monetary affair (last year & half or so) and have started going ape s*$t in talking about it with anyone who will listen. The information you have included in your articles is invaluable so thanks once again!
KumarRaj Says: July 2, 2011 at 2:09 pm
I though you would say, how Chinese central bank is traped in the US debt cycle, like they did to Japan. As long as the Chinese central bank holds that 2.5 trilloin dollar worth of Reserves (A majority of it is in US dollars) and they have printed an equal amount of domestic notes against this reserve, they just cannot wriggle out of this debt trap without hurting their local economy.
When china is earning 2% return on its dollar investment in US, the super elite earning over 5% on their investment in China. Now with a systematic upvaluation of the yuan (forced on them) the return on their investment in China will double!!!
opus diablos Says: July 9, 2011 at 11:54 am
i’m just an observer and a reader. I use whatever metaphors correspond to my observations. I tend to think more in terms of mental health than physiognomy(and hope the spellings fit). I believe our culture is actually unhealthy at a collective level because our definitions of sanity are askew. Mental health(healthy MIND, as opposed to current accepted healthy socially functioning individual ego)requires collective thinking, and, at our stage of social/technological evolution, global human identity. Those dominating our identity through our technologies are, at best, pre-human. The struggle ensues at multiple levels.The forementioned crises(ecological, geo-political,etc.) are driving that acceleration, crisis being what it says in your average lexicon. the Greeks used the term ‘idiot’ for this pre-human asocial condition. The task is to continue to endevour to emerge from our current collective behavioural idiocy.If my metaphors strike a note, fine; but they are just that, confusing term for conditions can be unhelpful, and is not uncommon. Scelerosis of thinking can result from over-literalisms. The medicalisation of language has sinister associations in our culture, it is not a light subject. I hope this has not wasted space.
The piece prompted a respone.
About the author:
Dean Henderson was born in Faulkton, South Dakota. He earned an M.S. in Environmental Studies from the University of Montana, where he edited The Missoula Paper and was a columnist for the Montana Kaimin. His articles have appeared in Multinational Monitor, In These Times, Paranoia and several other magazines.
A life long political activist and traveler to fifty countries, Henderson co-founded of the University of Montana Green Party and the Ozark Heritage Region Peace and Justice Network. He is former Vice-President of the Central Ozarks Farmer’s Union and former President of the Howell County Democrats.
In 2004 he won the Democratic nomination for Congress in Missouri’s 8th District.
Dean’s Books Available in print and e-book formats:
Big Oil & Their Bankers in the Persian Gulf…
The Grateful Unrich: Revolution in 50 Countries
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://deanhenderson.wordpress.com/category/left-hook-columns/
Dean Henderson is a frequent contributor to Global Research. Global Research Articles by Dean Henderson: http://www.globalresearch.ca/index.php?context=listByAuthor&authorFirst=Dean&authorName=Henderson