Another Glimpse Behind The Curtain

This article was first published on this blog on 28 October 2008.

Here in the UK we’ve all been treated to a little entertainment to distract us from the meltdown on the financial markets and the fear of maybe losing our homes and jobs or businesses.

Our shadow Chancellor of the Exchequer, George Osborne, is one of those people born with a silver spoon in his mouth. Educated at Eton and Oxford, he’s never had a proper job. Before he became a Conservative Member of Parliament he was a “political adviser”. He found himself way out of his depth when he tried to dump on the Prince of Darkness, aka “Lord” Peter Mandelson, by divulging disparaging remarks made by the latter about his old-enemy-turned-friend Gordon Brown, the UK Prime Minister.

Mandelson, you may recall, is the Rothschild go-between invited back into the UK government by his arch-enemy Brown from his well-paid watering hole as the Eurocrat Trade Commissioner. This recall was made shortly after Brown called in bankers from UBS (shortly itself to succumb to the financial meltdown) and NM Rothschild, to “advise” him on how to handle the crisis.

The spat between Mandelson and Osborne arises from an incident that took place, as most people now know, on board the Queen K, a luxury yacht owned by the Russian aluminium oligarch, Oleg Deripaska, moored off the coast of Corfu, last August. Osborne and Mandelson had been invited on board for some wheeler-dealing and stirring that, it was anticipated would be to the mutual advantage of all present.

Among the other guests were Matthew Freud, Rupert Murdoch’s son in law. Yes, that’s the Rupert Murdoch who owns News International and through it The Times and the News of the World, as well as MySpace, and a host of other media outlets throughout the world.

Also present, as we now know, was Nathaniel (”Nat”) Rothschild, of the banking family and who is, at present at least, a business associate of Deripaska. “Nat” took offence at the way Osborne, an old university chum of his, dropped Mandelson in it, and wrote a letter to the London Times revealing how Osborne, at the same bash, tried to solicit from Deripaska a £50,000 donation to the Conservative Party. Osborne could hardly deny the allegation, having taken with him on board the Tory Party Treasurer, conveniently on holiday nearby at the time.

The story becomes murkier when we learn that Deripaska, although having no criminal record himself, has made his millions by dubious means and has often been associated with criminals.

Now no Rothschild would do anything that wasn’t strictly in his own interests, apart from anything else. I’m not going into the full story about the floating gin palaces of the super rich anchored off Corfu, and how they attract corrupt politicians on the make like flies to rotting flesh. It’s in Rothschild’s interests to keep himself and his parasitic family out of the limelight as far as possible. They prefer operating in the shadows. And Osborne’s revelations, made purely for party political purposes, threatened to expose the extent of Rothschild’s wheelings and dealings with Deripaska and other insalubrious characters.

Osborne had to be taught a lesson and put in his place. But by writing to The Times, Rothschild might have done just the opposite of what he intended. Osborne has been taken down a few pegs and made to look a fool, and a corrupt one at that, but only at the expense of even more media attention being drawn to “Nat”.

We’re all a little more knowledgeable now about how this particular Rothschild makes his money (apart from being a member of this strange family that has assumed for itself a leading role in the international financial racket). We know a little about how Mandelson is under the thumb of the Rothschild clan and prepared for that reason to champion the cause of the tiny, insignificant state of Montenegro, in its quest to join the World Trade Organisation, and from there the European Union.

We know this is in the interests, not of the ordinary folk of Montenegro, but of the likes of Rothschild and his business partners, such as Deripaska, who are financing the building of a massive marina development for the super-rich and their super-yachts at Porto Montenegro, near Tivat, on the Montenegran Adriatic coast. A company controlled by Rothschild bought the site from the Montenegran government in 2006 at a knock-down price.

Various other dubious characters are involved as well, including “Nat”’s father, Lord Rothschild, presumably keeping an eye on his wayward son’s handling of the whole project. This may explain the tacky artifacts imported at fantastic expense to adorn the fledgling hot-spot - giant palm trees from Spain, African teak to line the pier fenders, along with Venezuelan stone to build the  fountains.

No doubt there’ll be more to come on this story, but for now it provides us with a glimpse behind the curtain of secrecy that usually surrounds the global elite while they plot the destruction of us who pose the only remaining threat to them and their plans.

For an excellent article revealing the background of the Credit Crunch, take a look at this while it’s still archived by the Times’ web site -

http://www.timesonline.co.uk/tol/news/uk/article4795063.ece

Philip Gegan

 

The Credit Crunch – More Of What You Need To Know

This article was first posted on this blog on 17th October 2008.

One of the things I find most amazing about the Credit Crunch is how surprised most commentators, who ought to know better, are at how things are turning out.

Did they really think that the credit bubble of the last sixteen years was going to carry on and on for ever? Here in the UK, for example, we have had a situation for many years where much of the national wealth has consisted of the inflated value of houses and other buildings.

We’ve lost so much of our manufacturing industry, owing to multi-national companies transferring their factories to the far east and other places where wages are at rock bottom, that the so-called “service” industries now account for over 80 per cent of employment.

In a country where most of us are in effect taking in each other’s washing for a living, is it any wonder that most of our wealth is simply what’s left of our country after the banking system has finished with it? In other words, things that just can’t be shipped out of the country, such as buildings?

That explains why, over the last 40 or 50 years, mortgage lending has assumed such a large part of our economy. It’s simply the banking system going for what is left - bricks and mortar. It doesn’t matter to them that bricks and mortar are people’s homes, their businesses, their farms and factories. To the banking system it’s just security for their fictitious loans, to ensure they make their multi-billion pound profits for not actually contributing anything to the national wealth.

Now in the UK, as in the USA and other countries, many of the banks who have been gorging themselves off the backs of the working population have come unstuck. They have sucked so much life-blood out of the economy that there’s hardly any left. This is just the latest in a long line of financial crises, going back centuries. It’s part of the system. As soon as enough people just cannot continue paying tribute to the money lenders, the money lenders themselves (or SOME of them - see below) suddenly find themselves in trouble and start howling for help.

It’s always the case that when they are making large, unwarranted profits, well, that’s nobody’s business but their own. But when they’re suddenly caught out and have to chalk up losses, well, somebody, please help! Namely the Government, courtesy of the tax payers, the very people these banks have been taking a free ride from for years.

The whole system is a racket of the worst possible kind, where the victims are just ordinary folk, struggling to make a living and bring up a family.

It is the mission of this blog and the web site that hosts it to reveal this fraud to as many people as possible. The home page of ancientbankingsecret.com covers the subject very briefly, but I recommend our first publication, Promise To Pay, written as far back as 1934 by Dr R. McNair Wilson, which explains the whole system lucidly, and at the same time very entertainingly. This, too, is available from the main page of our web site.

The only other thing I want to mention today is that there are SOME banks and finance houses that are immune from the financial crisis. I haven’t seen anywhere that the House of Rothschild is in trouble. If this banking crisis is anything like those of earlier times then the big players in this unsavoury business will take the opportunity of getting rid of as many of the smaller players as they can to pave the way for even larger profits and greater power for themselves in the future.

That’s why we really need to root out the cancer that is the debt-based syphilitic system we’ve had to endure for too long now. And replace it with sound money issued solely by each national government accountable to the people.

Spread the word!

Why Hyper Inflation Is The Price Of The Bailout

This article was first published in this blog on 16th October 2008.

It’s often been said that politicians can only solve a problem by throwing money at it. The same also applies to bankers and economists. The Credit Crunch is proving that.

What is happening is this. Leading banks in nearly all Western countries have lost billions on loans that have not been repaid and should not have been made in the first place. Now they demand a bailout from the government to prevent them from going under and taking everyone else with them. If only small businesses could do the same when they lose money on a deal.

The government agrees to bail them out by borrowing the necessary money from the Central Bank (e.g. Federal Reserve, Bank of England). But where does the Central Bank get the money from?

Simple. The money is created out of nothing. Let me explain. In September 2008 the Federal Reserve increased its balance sheet by almost as much as it had in the first 86 years of its existence (Agora Financial 3 Oct 2008). In around 2000 its “assets” amounted to around $700 billion. That figure increased by about $50 billion a year up until September 2008.

In September alone, the “Fed” increased its assets by a mind-boggling $600 billion. What that means is that it created $600 billion out of nothing and lent the “money” mostly to the US Government for it to be pumped into the economy via the banks that have just lent out too much promise-to-pay money already. And that was before the much-vaunted $700 billion bailout.

Now what is all this really going to do for the US economy? And the economies of other countries, come to that. Well, let’s take gold, for example. In July 2008, before the financial crisis became a disaster, the total value of all the gold in the world (above ground) was estimated at $4.2 trillion. With over a trillion dollars added to all the other trillions the price of gold, currently hovering under $1,000 an ounce, is set to take off dramatically.

And the same, of course, applies to just about anything else you can think of. It’s obvious, really. The more money you pump into the economy without an accompanying increase in the amount of goods and services circulating in that economy, the less it is worth in comparison, and therefore the higher the inflation.

Hence, hyper inflation is the price of the bailout of the toxic banking system.

Philip Gegan

Get YOUR free Guide to the financial madness, Promise To Pay, the classic written by Dr R. McNair Wilson, by visiting our main site at www.ancientbankingsecret.com.