Sunday, October 12, 2008

Who is Behind the Financial Meltdown?


Michel Chossudovsky, at Global Research, 11 October 2008, wrote Who is Behind the Financial Meltdown?

According to Chossudovsky:

1. Certain powerful speculators, with inside information, are able to make money by manipulating markets.

"Triggering market collapse can be a very profitable undertaking."

2. "There are indications that the Security Exchange Commission (SEC) regulators have created an environment which supports speculative transactions."

3. Short selling was used by speculators during the 1997 Asian Crisis to bring down the Thai baht, the Korean won and Indonesian rupiah.

Short selling helped cause the collapse of Lehman, Merrill Lynch and Bear Stearns.

"'Short selling' consists in selling large amounts of stocks which you do not possess and then buying them in the spot market once the price has collapsed, with a view to completing the transaction and cashing in on the profits.

Reportedly, Obama is supported by the Rockefellers.

The shares of Morgan Stanley dropped 26% on 9 October, upon the expiry of the short-selling ban and a further 25% the following day.

4. "There are indications that the downfall of Morgan Stanley was engineered by financial rivals....

"In contrast JP Morgan Chase, controlled by the Rockefeller family climbed by almost 12%. JP Morgan Chase and Bank America have consolidated their control over the US banking landscape."

A giant J P Morgan and smaller Uncle Sam

"Morgan sold to the U.S. Army many thousands of knowingly defective rifles, weapons that more often killed the user or blew off their thumbs." (See, "The History of the Great American Fortunes" by Gustavus Myers.) (Cached)

There are reports that JP MORGAN forced Lehman Brothers into collapse. (JP Morgan blamed for Lehman's fall)

J P Morgan is alleged to have frozen $17 billion (£9.6 billion) of cash and securities belonging to Lehman on the night before its failure.

According to Lehman’s biggest creditors, this was what sparked Lehman's liquidity crisis.

The allegations have been made at the bankruptcy court in New York. Lehman’s creditors include most big firms on Wall Street, most of Europe’s big banks and insurance companies as well as Japanese and Chinese institutions that are owed several hundred billion dollars.

Michel Chossudovsky, Professor of Economics at the University of Ottawa, writing at Global Research, 18 September 2008, refers to "a major clash between competing financial conglomerates." (Global Financial Meltdown) .

The Rockefeller family has a financial interest in JP Morgan Chase.

Rockefellers (originally Rockenfeller and perhaps Jewish in origin) are involved with the Bilderberg Group and other such institutions.

J P Morgan

Chossudovsky writes:

"An internal war within the financial system is unfolding...

"The process of mergers and acquisitions is likely to proceed to new heights leading to an unprecedented centralization of financial power, with Bank of America, JP Morgan Chase and the Federal Reserve Bank of New York playing a dominant role...

"It should be noted that while Citigroup and JP Morgan Chase are competing institutions, they are nonetheless entwined through intermarriage between the Rockefeller and Stillman families...

"The financial meltdown on Wall Street largely benefits Bank of America and JP Morgan Chase, which is part of the Rockefeller empire...

It is J P Morgan that took over Bear Stearns and Washington Mutual.

J P Morgan is now the USA’s largest commercial bank. (JPMorgan Builds Strength With WaMu Deal in Tense Age)

David Rockefeller

According to an article entitled The Rockefeller Family - Secret Jews (Cached):

"It was in 1492 that King Ferdinand and Queen Isabella of Spain expelled the Jews from their country and confiscated their ill-gotten wealth. It was during this period that the Rockefeller family moved to the Turkish Empire which welcomed the Jews at that time, believing them to be a 'poor persecuted people.

"The grandfather of... Nelson Rockefeller, admitted that his family once moved from Turkey to France..."

Blair, alleged war criminal, has links to J P Morgan

JP Morgan signed up Tony Blair as a part-time senior adviser, on a salary said to exceed $1m (£500,000) a year. (Blair joins JP Morgan as $1m-a-year adviser Business guardian ... )

Kissinger, alleged war criminal, has links to J P Morgan

Henry Kissinger was a director for JP Morgan. (Care2 - JPMorgan Caused Lehman Cash Crisis, Creditors Say)

Kissinger runs a consulting firm, Kissinger Associates.

One of his clients: JP Morgan.


1 comment:

PaleoAnarchist said...

Awesome and prolific! Excellent blog!

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