The Banker’s Manifesto……

History is littered with accounts of the brave few people who tried to tell the public exactly what the bankers were up to. Many died and many were silenced in others ways. 

In his attempt to expose what the banking cartel was doing, Congressman Charles Lindburg read a letter he had received anonymously. This was in 1917. The letter is called The Banker’s Manifesto. I highly recommend that you read that. (It isn’t any wonder that Mr. Lindberg’s son was kidnapped, was it?  Who do you think was responsible for that?)

BANKERS MANIFESTO

We (the bankers) must proceed with caution and guard every move made, for the lower order of people are already showing signs of restless commotion. Prudence will therefore show a policy of apparently yielding to the popular will until our plans are so far consummated that we can declare our designs without fear of any organized resistance.

Organizations in the United States should be carefully watched by our trusted men, and we must take immediate steps to control these organizations in our interest or disrupt them.

At the coming Omaha convention to be held July 4, 1892, our men must attend and direct its movement or else there will be set on foot such antagonism to our designs as may require force to overcome.

This at the present time would be premature. We are not yet ready for such a crisis. Capital must protect itself in every possible manner through combination (conspiracy) and legislation.

The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible.

When, through the process of law, the common people have lost their homes, they will be more tractable and easily governed through the influence of the strong arm
of the government applied to a central power of imperial wealth under the control of the leading financiers.

People without homes will not quarrel with their leaders. History repeats itself in regular cycles. This truth is well known among our principle men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism.

The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with the reciprocity must be forced to view through the Republican Party.

By thus dividing voters, we can get them to expend their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete actions, we can secure all that has been so generously planned and successfully accomplished.

Billions for the Bankers, Debt for the People

Americans, living in what is called the richest nation on earth, seem always to be short of money. Wives are working in unprecedented numbers, husbands hope for overtime hours to earn more, or take part-time jobs evenings and weekends, children look for odd jobs for spending money, the family debt climbs higher, and psychologists say one of the biggest causes of family quarrels and breakups is “arguments over money.”

Much of this trouble can be traced to our present “debt-money” system. Too few Americans realize why our founding fathers wrote into Article I of the U.S. Constitution: Congress shall have the Power to Coin Money and Regulate the Value Thereof.

They did this, as we will show, in prayerful hope it would prevent “love of money” from destroying the Republic they had founded.

Money is very cheap to make, and whoever does the “creating” of money in a nation can make a tremendous profit! Builders work hard to make a profit of 5% above their cost to build a house.Auto makers sell their cars for 1% to 2% above the cost of manufacture and it is considered good business. But money “manufacturers” have no limit on their profits, since a few cents will print a $1 bill or a $10,000 bill.

That profit is part of our story, but first let us consider another unique characteristic of the thing – money, the love of which is the “root of all evil.”

An adequate supply of money is indispensable to civilized society. We could forego many other things, but without money industry would grind to a halt, farms would become only self-sustaining units, surplus food would disappear, jobs requiring the work of more than one man or one family would remain undone, shipping, and large movements of goods would cease, hungry people would plunder and kill to remain alive, and all government except family or tribe would cease to function.

Not at all. Money is the blood of civilized society, the means of all commercial trade except simple barter. It is the measure and the instrument by which one product is sold and another purchased. Remove money or even reduce the supply below that which is necessary to carry on current levels of trade, and the results are catastrophic. For an example, we need only look at America’s Depression of the early 1930’s.

THE BANKERS DEPRESSION OF THE 1930’s
In 1930 America did not lack industrial capacity, fertile-farm land, skilled and willing workers or industrious farm families. It had an extensive and highly efficient transportation system in railroads, road networks, and inland and ocean waterways. Communications between regions and localities were the best in the world, utilizing telephone, teletype, radio, and a well-operated government mail system. No war had ravaged the cities or the countryside, no pestilence weakened the population, nor had famine stalked the land. The United States of America in 1930 lacked only one thing: an adequate supply of money to carry on trade and commerce. In the early 1930’s, Bankers, the only source of new money and credit, deliberately refused loans to industries, stores and farms.

Payments on existing loans were required however, and money rapidly disappeared from circulation. Goods were available to be purchased, jobs waiting to be done, but the lack of money brought the nation to a standstill. By this simple ploy America was put in a “depression” and the greedy Bankers took possession of hundreds of thousands of farms, homes, and business properties. The people were told, “times are hard,” and “money is short.” Not understanding the system, they were cruelly robbed of their earnings, their savings, and their property.

MONEY FOR PEACE? NO! MONEY FOR WAR? YES!
World War II ended the “depression.” The same Bankers who in the early 30’s had no loans for peacetime houses, food and clothing, suddenly had unlimited billions to lend for Army barracks, K-rations and uniforms! A nation that in 1934 couldn’t produce food for sale, suddenly could produce bombs to send free to Germany and Japan! (More on this riddle later.)

With the sudden increase in money, people were hired, farms sold their produce, factories went to two shifts, mines re-opened, and “The Great Depression” was over! Some politicians were blamed for it and others took credit for ending it. The truth is the lack of money (caused by the Bankers) brought on the depression, and adequate money ended it. The people were never told that simple truth and in this article we will endeavor to show how these same Bankers who control our money and credit have used their control to plunder America and place us in bondage.

POWER TO COIN AND REGULATE MONEY
When we can see the disastrous results of an artificially created shortage of money, we can better understand why our Founding Fathers insisted on placing the power to “create” money and the power to control it ONLY in the hands of the Federal Congress. They believed that ALL citizens should share in the profits of its “creation” and therefore the national government must be the ONLY creator of money. They further believed that ALL citizens, of whatever State or Territory, or station in life would benefit by an adequate and stable currency and therefore, the national government must also be, by law, the ONLY controller of the value of money.

Since the Federal Congress was the only legislative body subject to all the citizens at the ballot box, it was, to their minds, the only safe depository of so much profit and so much power. They wrote it out in the simple, but all-inclusive: “Congress shall have the Power to Coin Money and Regulate the Value Thereof.”

HOW THE PEOPLE LOST CONTROL TO THE FEDERAL RESERVE
Instead of the Constitutional method of creating our money and putting it into circulation, we now have an entirely unconstitutional system. This has resulted in almost disastrous conditions, as we shall see.

Since our money was handled both legally and illegally before 1913, we shall consider only the years following 1913, since from that year on, ALL of our money has been created and issued by an illegal method that will eventually destroy the United States if it is not changed. Prior to 1913, America was a prosperous, powerful, and growing nation, at peace with its neighbors and the envy of the world. But – in December of 1913, Congress, with many members away for the Christmas holidays, passed what has since been known as the FEDERAL RESERVE ACT. (For the full story of how this infamous legislation was forced through our Congress, read The Creature from Jekyll Island, by G. Edward Griffin or Conquest or Consent, by W. B. Vennard). Omitting the burdensome details, it simply authorized the establishment of a Federal Reserve Corporation, with a Board of Directors (The Federal Reserve Board) to run it, and the United States was divided into 12 Federal Reserve “Districts.”

This simple, but terrible, law completely removed from Congress the right to “create” money or to have any control over its “creation,” and gave that function to the Federal Reserve Corporation. This was done with appropriate fanfare and propaganda that this would “remove money from politics” (they didn’t say “and therefore from the people’s control”) and prevent “Boom and Bust” from hurting our citizens. The people were not told then, and most still do not know today, that the Federal Reserve Corporation is a private corporation controlled by bankers and therefore is operated for the financial gain of the bankers over the people rather than for the good of the people. The word “Federal” was used only to deceive the people.

MORE DISASTROUS THAN PEARL HARBOR
Since that “day of infamy,” more disastrous to us than Pearl Harbor, the small group of “privileged” people who lend us “our” money have accrued to themselves all of the profits of printing our money’ – and more! Since 1913 they have “created” tens of billions of dollars in money and credit, which, as their own personal property, they then lend to our government and our people at interest. “The rich get richer and the poor get poorer” had become the secret policy of our National Government. An example of the process of “creation” and its conversion to people’s “debt” will aid our understanding.

THEY PRINT IT – WE BORROW IT AND PAY THEM INTEREST
We shall start with the need for money. The Federal Government, having spent more than it has taken from its citizens in taxes, needs, for the sake of illustration, $1,000,000,000. Since it does not have the money, and Congress has given away its authority to “create” it, the Government must go the “creators” for the $1 billion. But, the Federal Reserve, a private corporation, doesn’t just give its money away! The Bankers are willing to deliver $1,000,000,000 in money or credit to the Federal Government in exchange for the Government’s agreement to pay it back – with interest! So Congress authorizes the Treasury Department to print $1,000,000,000 in U.S. Bonds, which are then delivered to the Federal Reserve Bankers.

The Federal Reserve then pays the cost of printing the $1,000,000,000 (about $1,000) and makes the exchange. The Government then uses the money to pay its obligations. What are the results of this fantastic transaction? Well, $1 billion in Government bills are paid all right, but the Government has now indebted the people to the Bankers for $1 billion on which the people must pay interest! Tens of thousands of such transactions have taken place since 1913 so that by the 1980’s, the U.S. Government is indebted. to the Bankers for over $1,000,000,000,000 (trillion) on which the people pay over $100 billion a year in interest alone with no hope of ever paying off the principal. Supposedly our children and following generations will pay forever and forever!

AND THERE’S MORE

Is the UK heading down the same road to ruin as America?

House prices are falling, so said the Nationwide Building Society on Friday, after it’s figures showed prices dropping for the fifth consecutive month.

 The gloomy outlook on house prices coincided with new data showing consumer confidence at a 15-year low and weaker household spending, raising the risk of severe economic slowdown.

Annual house price inflation fell to 1.7 per cent, its lowest in 12 years, Nationwide said, and unless the housing market does better in April than this month, the inflation measure will dip below zero in a month’s time.

With Britain facing the likelihood of house prices falling year- on-year and mortgages becoming harder to acquire, the prospect has risen of a US-style vicious circle of falling prices, ever more pessimistic expectations, falling demand and even more cautious lending.

Such a scenario, alongside a sharply slowing economy, sent sterling to a new low against the European single currency on Friday. The value of one euro rose above 79p ; it has risen by almost 18 per cent against sterling since the credit crisis started last summer.

Official figures published on Friday also showed strains in the British economy. Household spending grew by only 0.1 per cent in the last quarter of 2007, the Office for National Statistics said, revising down earlier estimates.

Separate figures from the research group GfK NOP also showed consumer confidence fell in March to the lowest level since 1993.

Economists expect consumer spending to slow further over the coming months in response to tighter credit conditions, rising food and energy bills and greater economic uncertainty.

“With falling house prices, sluggish real incomes, plunging confidence and general weakness in surveys of retailers, we expect the official retail sales data to weaken markedly in coming months,” said Michael Saunders, economist at Citi.

Richard McGuire, strategist at RBC Capital Markets, said anecdotal evidence of lenders raising mortgage rates as demand surged “compounds the poor outlook for the consumer and housing sectors clearly evidenced in the data.”

The housing market is the key and current prices can only be sustained if homeowners are willing to take on an even greater debt burden. This proportion is already high when compared to historical levels.

According to Leigh Goodwin, an analyst at Fox-Pitt, Kelton, someone buying a house today will, on average, spend 24 per cent of their income servicing the mortgage over its 25-year life. This compares to just 14 per cent at the peak of the last housing boom, in 1989.

These figures suggest that one of the factors in peoples’ decision to buy property is an expectation that it will continue to rise in value. If house prices fall, this spiral could go into reverse, triggering a broader slump.

“When house prices fall, the mortgage goes from being the last thing people stop paying to be being the first thing they stop paying,” says Mr Goodwin. “The potential for something very nasty is with us.”

Plundering the Public Purse

I have found this great article on the bank crisis, you really must read it.

As the global financial crisis unfolds, one thing is certain: The major investment and commercial banks who have wrecked our economy and financial system are now successfully sucking unlimited amounts of money from the people’s Treasury to bail themselves out.

Drooling at the head of the line are Bear Stearns and JP Morgan Chase. There will be more. 

In simple terms, Bear Stearns, the fifth largest U.S. investment bank, got caught in a massive bank run……

……the Fed becomes the lender of last resort, and the Treasury guarantees payoff even in the case of default.

But, Bear Stearns is NOT a bank and NOT a member of the privately-owned Federal Reserve. And since the Fed can only lend cash directly to member banks, it channeled funds through surrogate JPMorgan Chase, to purchase Bear Stearns and guarantee its continued operation.

What a sweetheart deal for JPMorgan Chase: It literally stole the company for a mere $2 per share or a total of about $250 million. The Bear Stern headquarters building alone is worth at least a billion dollars. Its stock traded as high as $170 just over a year ago.

So, Bear Stearns gets bailed out at no risk to JPMorgan Chase, and JP Morgan Chase gets to add windfall assets to its own balance sheet. …….

…..Americans aren’t going to take this much longer.

Social mood is visibly turning just as certainly as a San Francisco cable car on its turntable at the end of the line.

A recent search on www.cnnfn.com for “Bear Stearns” produced these two sponsored ad links at the very top of the results page:

• “Bear Stearns Lawsuit: Lose Money in Bear Stearns Shares? Free Case Review”
• “Bear Stearns Employee? Did Company Violate Your Rights? Get into an ERISA Investigation”

This is just the tip of the iceberg. ……

Read the whole of this marvellous article here……

Are you mad yet?

You may find these days depressing — watching the value of your portfolio and possibly your home drain away, day after day, in this dismal market. But that’s really the wrong way to look at things. You shouldn’t be despondent. You should be furious.

Bear markets happen, but this bear market could have been easily prevented. We got here through rash speculation and atrocious judgment on the part of speculators, but guess who suffers? You. Your portfolio will take the hit, your savings will be ravaged by inflation, and your tax dollars will go toward cleaning up the mess.

Four groups are primarily responsible:

 Real estate speculators
Real estate speculators are the most obvious target, and they include everyone from “investors” to subprime borrowers who just wanted a home — basically, everyone who bought real estate but couldn’t truly afford it.

And speculation was truly out of control. In the first quarter of 2006, 26% of loans were of the interest-only or negative amortization variety. For a small group of knowledgeable borrowers, loans such as these made sense. But for more than a quarter of the market? No way.

You may argue that borrowers who couldn’t afford their payments should be absolved of blame, since they’re just victims of predatory lending. Yes, predatory lending definitely exists, but the bottom line is that it’s the borrower’s responsibility to understand the terms of the loan.

Mortgage originators
Of course, borrowers couldn’t have assumed ridiculous loans without the help of mortgage originators such as Countrywide Financial, H&R Block, and Merrill Lynch’s First Franklin unit.

The statistics are damning. In 2005 and 2006, 20% of all mortgages were subprime, and a further 12% to 13% were low-documentation Alt-A loans. What’s more, according to the National Association of Realtors, in 2005, the average first-time homebuyer made only a 2% down payment, a level that left no margin of safety for declining housing prices.

So a huge portion of the market consisted of high-risk loans. But why would conservative banks suddenly assume risks that they’d been avoiding up until then?

Ultimately, their necks weren’t on the line, because they wouldn’t keep the mortgages. Instead, they’d use investment banks such as Morgan Stanley and Lehman Brothers to securitize mortgages. In other words, they’d dump these junk loans on pension funds, hedge funds, and anyone else desperate for high yields. Sure, the buyers would end up owning questionable debt, but by then, the originators were on to the next deal. No skin off their noses.

Rating agencies
But mortgage securitizations couldn’t have gotten so out of hand without Moody’s  and other rating agencies giving asset-backed securities much higher ratings than they truly deserved and, thus, concealing the true risks.

Since 2006, hundreds of billions of dollars in securitizations have been downgraded to better describe the risks involved. For instance, in 2006, 76% of the Moody’s-rated dollar volume of securitizations that were backed by subprime closed-end second-lien loans were downgraded after “materially significant underperformance.”

Clearly, the original models the rating agencies used were horribly inaccurate. Though housing declines have been rare, at minimum the agencies should have considered this possibility before handing out AAA ratings. After all, when evaluating a company like Exxon Mobil  they wouldn’t assume that oil is certain to remain above $50 a barrel — even if it looks that way now.

 The Fed
At the end of the day, Alan Greenspan’s Federal Reserve holds a great deal of responsibility for this bust. All of the other players in this drama can claim, however feebly, that they were just trying to make money. The Fed, on the other hand, is nominally responsible for acting in the best interests of this country and guarding against anything that might destabilize the system. In reality the Fed is the most profit centric organisation of the lot!

However, Greenspan kept interest rates low for way too long. He didn’t recognize that the liquidity he pumped into the system was building a national housing bubble, even with prices up more than 70% in real terms over eight years. Or else he was working to his own agenda and not to that in America’s interest.

It’s baffling that the nation’s chief economist could look at facts like this graph, see housing equity at record lows, and not think that something was seriously wrong. But Greenspan is also the guy who said that there was “no evidence that home prices are going to collapse.”

Again, what agenda was he working towards? Certainly not towards the benefit of the millions of Americans who now face repossession and homelessness. Maximum profit for the Fed? I would say so…..

so are you mad yet? Mad enough to want to get out of the corrupt system that creates money from nothing and then asks you to repay it and more on top? You know you don’t want to support the unsupportable any longer. Join us and learn how to get out. 

Consumers feel the pain as mortgage rates continue to rise….

The credit crunch on Thursday forced three of the UK’s biggest lenders to tighten the supply of home loans and charge more for them in moves that are likely to put further pressure on the property market.

Millions of home loan borrowers now face higher interest rates as banks pass on higher wholesale funding costs as conditions worsen in money markets.

Home loans will also become harder to secure from Friday, even for those with unblemished credit records, as banks apply more stringent criteria to mortgage approvals and pull some competitive products to avoid being flooded by new applications.

More than 2.75m people will be hit when they come off any sort of mortgage deal this year – whether it is a tracker or fixed-rate deal.

Nationwide, the UK’s second largest mortgage lender, increased interest rates on one of its main products to deter new borrowers by making them less attractive. It will increase the cost of two-year mortgage tracker rates for new customers by 0.57 percentage points to 7.1 per cent and is increasing its fixed rate mortgages by 0.2 percentage points.

Cheltenham & Gloucester, part of LLoyds TSB, increased the prices of certain two-year tracker rates by about 30 basis points, as did IF, a subsidiary of HBOS.

The moves will be a blow to consumers who are due to refinance mortgages this year and face a sharp jump in monthly payments.

Jump ship from the titanic mortgage debacle, learn how you can break free from the banking system, cancel loans and create a real money income for yourself. Join us at the ultimate entrepreneur.

Are you in the right place for the right opportunity, right now?

You have the opportunity to be in the right place, at the right time!

Let me highlight why this is so important for you very quickly:

Never before has there been so much instability, uncertainty and chaos in the world. 

Look around, look at the change in the climate patterns.   Natural disasters are looming everywhere:  Stronger, more frequent hurricanes & tornadoes, flooding, droughts, people displacement, refugees and all the economic and political pressure that comes with that.

Political tensions are rife around the world.  Religious and racial tensions seem to be mounting.

Economic theories are being tested as markets dive and rumble while imbalances and extremes are stretching the limits of the systems trying to contain them and keep the repercussions restrained to a manageable level.   How long can it last?

Politically Big Brother is trying to convince the world that he has the answers, all you have to do is give up your rights and your property and you’ll be just fine !

You know enough about the wild world we live in.   I don’t have to belabor the point.

What does this have to do with  you or The Ultimate Entrepreneurs Club 

Everything.

The Ultimate Entrepreneur is a programme that was specifically created to help ordinary people like you and me learn some of the realities of this world, how it works and ultimately to use that knowledge and information to position yourself in such a way that you can be AN INDEPENDENT WORLD CITIZEN with the knowledge, the intellect, the professional resources, the financial resources and the economic wherewithal to be able to keep one step ahead of the next political, economic or financial disaster. 

And if it never comes, all the better !  You’ll be three steps ahead of ‘the crowd’ in any event. 

The Ultimate Entrepreneur is a doorway giving you access to new ways of doing business, of surviving economically and getting ahead financially and mostly associating with a circle of financial and lifestyle afficionados who are walking the walk and who can show you how to always be ‘in the right place at the right time, no matter what happens ! 

Stage 1 is an entry level program that anyone can do to at least get started on the path to personal independence.  It is a way to merely get started on the path and it will lead you to more things of interest and value as your progress. 

This is your chance to be at the right place at the right time…. Join us.

Cancelling debt and gaining wealth is within your grasp…..

Have you ever thought how much better off you would be if you didn’t pay tax? Or if you didn’t have a mortgage to pay? Or credit bills that keep mounting up?

Well, most of us have thought this way at some time, however we dismiss it as daydreaming, and fanciful thinking. The system we live in is such that we never question our situation, we just keep our heads down and keep working to try to improve our lot.

Is life really supposed to be like this? Working to hand over over half your income to the government in taxes? Just about able to keep a roof over your head and the bills paid.

Then imagine being constantly sold a dream vision of what life should be like with products being pushed on you by massive corporations with billion dollar advertising and marketing budgets? But you can’t afford them because the government’s taken half your wages. What to do?

That’s where your friendly bank or credit card company comes in, let them share the load for you. Look at the easy payments, low introductory interest rate, now you can have all those products you don’t need and didn’t want until the clever marketing persuaded you otherwise.

Until you are so enmeshed in the banking system that the half of your wages you had left to live on just about pays the interest on your loans, mortgages and cards and there’s nothing left for you.

Sound familar? So why don’t you start thinking about how to get out. Raise your head up from the daily drudge that life has become and question the reality of the rules and impositions you are meekly accepting.

Banks create money out of nothing.

Banks are profit centric  organisations.

You have no legal contract with a bank for a loan, it simply doesn’t exist as a formal and proper legal and commercial document.

You can get out.

However, you must want to. And you must be prepared to walk a lonely path, staying true to your convictions and holding to the truth of what you have seen and understood that millions of others cannot and do not see or understand.

Can you do it? are you strong enough or even desperate enough? If you are, then join me in the Ultimate Entrepreneur Club. You won’t be so alone as you’ll have me and other members walking the path to financial freedom alongside you.

What are you waiting for?

The Banking System – just how corrupt?

It’s a strange system
and it’s not in our best interests

One of the last things John F. Kennedy did before he was assassinated was declare his intention to reform the central banking system of the United States.

No connection between these two events?

Congressman Louis McFadden, Chairman of the House Banking and Currency Committee from 1927-33, opposed the Federal Reserve System. There were three reported attempts on his life before he finally died of “heart failure.”

Here’s what he said about the Federal Reserve from the floor of Congress:

“Mr. Chairman, we have in this Country one of the most
corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed.

The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation’s debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.

This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the mal-administration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.”

UK Homeowners to pick up £1.3Billion bill of ‘reckless’ banks

Britain’s homeowners face paying an extra £1.3billion a year because mortgage lenders have increased their profit margins to recoup their losses from bad debts. ie where they greedily lent money at high interest to bad prospects who have since defaulted.

Figures reveal that lenders have increased their margins by 4 times in the past year.

The banks got themselves into this position and now their customers will pay for it.

The estimate cost to consumers of increased bank margins is an extra £110million a month in payments. Lenders are now writing new fixed rate business at better margins than they have done for years. Fixed rate mortgages are rising in cost despite the recent interest rate drops, and it’s likely to continue that way, as the banks try to recover from the fall-out  of the credit crisis.

You are paying them money, not to keep a roof over your head but to increase their profits, doesn’t that make you want to stop paying? What if you knew how to renegotiate so you were paying for your home loan and not the ridiculous sharking interest rates the banks illegally apply?

You can, with us. Join the Ultimate Entrepreneur now and learn how.