Posts Tagged CNBC
Epic Santelli Rant On ‘Un-American’ Federal Reserve/Treasury Incompetence
Posted by TheRedPillGuide in Economy, Finance, News on July 16, 2012
via: ZeroHedge
by: Tyler Durden
July 16, 2012
Stunned at the sheer ineptness and lack of due diligence in the Libor-rigging details that are being uncovered specific to Geithner’s Treasury and Bernanke’s Fed, CNBC’s Rick Santelli reflects on just how unbelievable TARP was in this context. “Hurry up, let’s spend three quarters of a trillion dollars; how much due diligence did they do for our role as taxpayers in basically bailing out the banking system? Obviously zero!” and this as they knew these very-same banks were manipulating rates. Opining on the un-Americanism of jet-skis and outsourcing, Rick states unequivocally “what’s un-American is we now have the Federal Reserve Bank of New York and Treasury taking heightened importance in regulating us in the future through Dodd/Frank. Shame on their legislation!”Meanwhile, those very same un-American Treasury staff (who we are supposed to trust with the future of our banking system and implicitly the economy we pre-suppose) have just been caught soliciting prostitutes and breaking conflict-of-interest rules.Surprising Links: How Big Banks Manipulate and Influence Your Health
Posted by TheRedPillGuide in Banking Cartels & The Fed, Big Pharma & Medical Mafia, Cancer, Control Grid, Documentaries & Interviews, Economy, Finance, Health, News, Red Pills on July 15, 2012
TheRedPillGuide
July 15, 2012
If there is one link you read today from this blog, please let this one be it. The incisive Ellen Brown, who is an attorney, catalogs in her book Web Of Debt the link between the Banking Cartels and the Medical Mafia.
For those who wonder how the Big Banks are linked implicitly to our health, the medical establishment and to cancer, the interview below is a must watch when time permits.
There is a large amount of information out there which goes more in depth as to how the Banking Cartels control nigh every facet of our society. For those interested, the links below give additional information in respect to this abstruse topic.
The History Of The Federal Reserve System – The Secret From Jekyll Island
CNBC Admits We’re All Slaves To Central Banker’s Global Government
The Federal Reserve Cartel [Part 1 of 5] – The Eight Families
The Federal Reserve Cartel [Part 2 of 5] – The 8 Families – The Freemason BUS & The House of Rothschild
The Federal Reserve Cartel [Part 3 of 5] – The Roundtable & The Illuminati
The Federal Reserve Cartel [Part 4 of 5] – A Financial Parasite
The Federal Reserve Cartel [Part 5 of 5] – The Solution
The History Of The Federal Reserve System
Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand
Ten Things That Every American Should Know About The Federal Reserve
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via: Mercola
by: Dr. Mercola
July 15, 2012
Ellen Brown is a civil litigation attorney who has written 11 books on health and the politics of health, including the Web of Debt: The Shocking Truth About Our Money System (which focuses on the money and banking system itself), and Forbidden Medicine, which traces the suppression of natural health treatment back to the corrupting influences of our financial system.
In the course of writing her books, Brown was asked to join the legal team of Jimmy Keller, an alternative cancer therapist in Tijuana, who was jailed for, as she puts it, “the alleged crime of representing that he had a high rate of cure for cancer.”
“He always showed the movie World Without Cancer to his patients, which is by Ed Griffin,” she says, “so I read the book World Without Cancer, and it linked the cancer industry—the cancer cartel, basically—with the banking cartel. It showed they had the same roots.
It went back to the Rockefeller-Morgan cartel at the turn of the 20th century. Rockefeller, Morgan, and Carnegie supported drugs, funded the medical schools, and basically got the homeopathic schools shut down. (In the 19th century, the homeopathic schools were the leading health treatment.)
… I realized in the course of that that if you wanted to get to crux of the problem, you had to deal with banking, because that was actually where they got their power. They got their power from the power to create money.”
The Shocking Truth about Our Money System, and the Power it Wields Over Your Health
As Brown explains, the shocking truth about our money system is that virtually all of our money is created by banks when they make loans. It’s not created by the government, as most people believe. The way it works is that, while the banks create the principal, they don’t create the interest, so they’re always getting more back than they’re putting out.
“The thing that most people don’t realize is that banks don’t just take in people’s money, and then lend it out again,” Brown explains. “What they do is, literally, every time they make a loan, they create that money on their books. They need the deposits in order to clear the checks, but they’re basically double-counting the money.
… When you’ve put your money in the bank and then you go to withdraw it, they never say, “Sorry, we just lent your money out to your neighbor for 30 years. You’ll have to come back later.” No, they always give you your money. That’s because your deposit’s still there at the same time that they’ve lent it out. So, if you need the money, then they’ll borrow it from somewhere else. But where do they borrow it from? Basically, from the very bank that the check just went into from the loan that they just made.
It’s like a big check-kiting scheme, where you create the money; it goes into another bank; and then you borrow it back. The banks can borrow it back at 0.25 percent at the moment, which is the Fed funds rate. And of course, they lend it out at five percent, or on credit cards 18 percent… or outrageous industry rates. They get a huge spread on money that didn’t actually exist until they created the loan.
… Their control over money is how they manage to corner politics, buy up the media, and basically monopolize the field.”
The Links Between Big Banks and the Drug Industry
Two good primers if you want to learn more about the banking system and the link between the pharmaceutical industry and banking, are The Creature from Jekyll Island, and World Without Cancer.
To me, this link between banking and Big Pharma intuitively makes sense. It was just earlier this year that I came to appreciate what Brown is talking about here. While the focus of this web site is on the damage done by the drug companies, it’s becoming increasingly clear to me that the banking system is the behemoth backing the Goliath-like drug industry.
As explained by Brown, the drug connection goes back to the 19th century. John D. Rockefeller’s father was actually, literally, a snake-oil salesman.
“He was a patent remedy seller. The drugs, of course, are oil-based, and John D. Rockefeller was an oil magnate. He also had a bank. So did J.P. Morgan. The drug industry—the patent remedy industry—was in competition with the natural herbal remedies, and the homeopathic remedies. And the way they prevailed in the whole system was that, first of all, they funded the American Medical Association—the AMA Journal, which got their funding from advertising. And if your drug was advertised in the AMA Journal, then you’ve got the AMA’s seal of endorsement… It was a cartel.”
Where the Federal Reserve Fits in
In this interview, Brown discusses far more than I have included here, so to learn more, I urge you to listen to this fascinating interview in its entirety. Of course, it’s virtually impossible to discuss the financial system without touching on the Federal Reserve. According to Brown, there’s an important distinction that needs to be understood regarding the role of the Federal Reserve, because while both banks and the Fed are creating money out of thin air, there are some differences:
“The Federal Reserve is the lender of last resort, so it is allowed to [create money] without actually backing the money from anywhere… There are basically two banking systems.
This is also very complicated, but there is what’s called ‘base money,’ and that’s created by the Federal Reserve. Those are the banks’ reserves. At one time the reserves were gold. You actually, literally, had to keep a certain amount of gold for your depositors, who could cash in their dollars for gold. But in 1933, everybody stopped trusting the banks, because they knew they didn’t have enough gold, so there were runs on the banks. At that time the dollar was 40 percent backed by gold. So, every time somebody would bring two dollars and cash it in for gold, the bank had to call in three dollars’ worth of loans. The whole money supply was just closing in on itself and collapsing.
That’s why Roosevelt finally took the dollar off the gold standard.
Then, to back the dollar, the Fed created “base money” for the banks to use as reserves. But it’s a separate system. We don’t actually get to borrow the Fed’s reserves. That’s the bankers’ money. The bankers’ bank is the Federal Reserve.”
The Economics of Our Medical System and the Drug Cartel
While at UCLA law school, Brown wrote an article about the economics of California’s regulations on doctors and other medical professions, and how these regulations effectively eliminate all competition to the conventional medical paradigm. It may not be immediately apparent, but the medical profession is very cleverly manipulated and influenced in such a way as to bolster profits for the pharmaceutical industry. It’s a tightly controlled profession, and any competition—such as alternative or integrative treatments related to natural health—is more or less illegal. You cannot claim to treat disease without a medical license.
“I think what’s even worse than that is they control information,” Brown says. “People don’t even know that there are alternative remedies. Or if they do hear about them, they think it’s quackery, and that it’s been disproven, because that’s what the conventional media says [which is largely owned by the same banking cartel as the pharmaceutical industry is]. You really have to dig to find out what’s out there, and how well natural remedies work. Also, you have to dig to find out how drugs don’t work, and how they’ve been over-hyped…”
Jim Grant: The Fed is Not Out of Bullets, It’s Gun Shoots Backwards!
Posted by TheRedPillGuide in Economy, Finance, News on July 13, 2012
via: SilverDoctors
July 12, 2012
Jim Grant has given another memorable interview to CNBC tonight, discussing the banks’ manipulation of LIBOR, and stating that outrage at the banks for manipulating interest rates should be redirected at central banks, who manipulate everything on a massive scale routinely for a living!
Regarding The Fed’s options going forward Grant stated:
‘The Fed is not out of bullets, the trouble is it’s gun shoots backwards!
These massive interventions in the markets distort the prices we call interest rates. There’s this great scandal with LIBOR- ‘the banks fixed the rates’. The Fed fixes everything! The banks do it opportunistically, The Fed does it for a living, it does it on principle!‘
The Rothschilds and Rockefellers Join Forces in Multi-Billion Dollar Deal
Posted by TheRedPillGuide in Banking Cartels & The Fed, Control Grid, Economy, Finance, News on July 7, 2012
via: VigilantCitizen
July 7, 2012
If you needed proof the world elite is a tightly-knit group geared on dynasties and bloodlines, well here’s a pretty good one. The most powerful family of Europe, the Rothschilds have joined forces with the most powerful family of America, the Rockefellers, in a super-multi-billion-dollar deal that greatly expands the influence of both families. For centuries, the Rothschilds and the Rockefellers silently shaped the world as we know it, influencing political decisions, the economy and even wars between nations. As Mayer Amschel Rothschild stated: “Give me control of a nation’s money and I care not who makes her laws.”
Both families are now major actors in the creation a New World Order and this deal is a great example of how these ancient dynasties are merging into a single, world-dominating unit. As David Rockefeller stated in his memoirs:
“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.”
-David Rockefeller, “Memoirs of David Rockefeller” p.405
Here’s an article on the mega-deal between the two most powerful families on Earth.
Transatlantic alliance between Rothschilds and Rockefellers for wealth management
As if they weren’t already well-connected enough, the world’s two greatest dynasties joined forces yesterday as Europe’s Rothschild banking clan bought a stake in the Rockefeller group’s wealth and asset management business to gain a foothold in the US.
The patriarchs of the two families – 96-year-old David Rockefeller and Jacob Rothschild, 76 – cemented a five-decade acquaintance as the younger man’s London-based £2bn RIT Capital investment trust bought a 37 per cent stake in the American’s business.
In addition to bringing together the two doyens, the deal will considerably expand the vast networks of both families.
To give a taste: Lord Rothschild’s son, Nat Rothschild, is a well-known entrepreneur with stakes in a range of companies such as Genel, the Kurdistan-focused oil producer run by former BP chief executive Tony Hayward and Bumi, the Indonesian mining group. He was also linked with George Osborne and Peter Mandelson at a notorious party on an oligarch’s yacht off Corfu in 2008.
Lord Rothschild’s niece Kate is married to Ben Goldsmith, brother of Conservative MP Zac Goldsmith and Jemima Khan and son of the late billionaire business tycoon Sir James Goldsmith.
On the Rockefeller side, for starters, David’s granddaughter Ariana is a successful fashion designer who married the construction heir Matthew Bucklin in 2010. And let’s not forget the founders who, although no longer with us, live on through their business creations.
The Rockefeller family’s journey to vast riches began in 1870 when John D Rockefeller set up Standard Oil and went on establish a fortune that is widely regarded to be the largest in US history. The family’s wealth management operation was set up in 1882 to manage that fortune.
The Rothschild dynasty goes back even further, to when Mayer Amschel Rothschild started a business in Frankfurt towards the end of the 18th century. It helped finance Britain’s war against Napoleon in the 19th century and raised funds for a loan allowing the British government to buy the Suez canal.
The Rothschilds bought the stake in Rockefeller from French banking group Société Générale for an undisclosed sum. SocGen, which has owned the stake since 2008, appointed a new head of private banking in March, replacing Daniel Truchi with Jean-François Mazaud.
SocGen’s sale of the stake comes as banks around the world sell peripheral assets to reduce their risks and strengthen their capital bases in order to meet tough regulations aimed at preventing a repeat of the 2008 financial crisis.
Commenting on the deal, Mr Rockeller said: “Lord Rothschild and I have known each other for five decades. The connection between our two families remains very strong. I am delighted to welcome Jacob and RIT as shareholders.”
- Source: The Independent
CNBC Admits Not Only Silver Manipulation, But That It’s Gone On For Centuries
Posted by TheRedPillGuide in Economy, Finance, Silver & Gold on July 2, 2012
via: SilverVigilante
July 2, 2012
So, in the face of becoming extremely irrelevant and having its viewership continue to decline, CNBC has covered market manipulation, with silver being specifically mentioned. What SV finds particularly fascinating is that, in the video,it is not only admitted that the manipulation has gone on for merely thirty years as is often assumed by silver and gold investors, it is admitted that the manipulation has gone on for centuries. This is a central premise of Silver Vigilante – that the silver manipulation is not a phenomenon of the last thirty years, but has been persistent on down through the ages. As Jesse at Jesse’s Cafe Americain quotes:
Whalen: None of its [JPM's CIO losses] are acceptable, but see the whole point is Jamie got entangled in the media. (He got caught lying and gambling with customer money – Jesse) If this had just been a reported loss with a lot of other numbers we wouldn’t be talking about it. It’s a trivial number in the grand scheme of things.
CNBC Host States Silver Manipulation is a Fact, NOT a Conspiracy!
Posted by TheRedPillGuide in Economy, Finance, News, Silver & Gold on July 2, 2012
via: SilverDoctors
July 2, 2012
