The Banking 'Crisis'...It's A Big Club And You
Ain't In It...
David Icke's Newsletter, March 23, 2008
Hello all
...
After nearly 20 years of full time research into
the true workings of the world, the last few
weeks have been real head-shakers for me. Talk
about watching a movie.
And it's not even a new movie - just a remake of
endless of its kind over hundreds of years. They
were once in silent black and white and now in
full-blown computer-enhanced digital colour. The
movie is called 'The Banking Crisis' and among
its many sequels and spin-offs are 'The
Recession', 'The Slump', 'The Crash', and, in
it's latest version, 'The Credit Crunch'.
All of them star the insider actors and
actresses from the same elite families and all
have but one prime objective: human control.
Everything else is decoration, diversion and
camouflage.
I'll summarise first what I have been saying
since the early 1990s about the 'economic cycle'
of 'boom and bust' and then have a look at what
is happening today from that perspective.
It is, lest we forget, the private banks that
bring 'money' into circulation by issuing lines
of 'credit', which is 'money' that has never,
does not, and will never exist. Money is merely
mythical figures on a screen that is only worth
anything because we take it seriously and
believe it to be worth anything. It only has
purchasing power because the receiver believes
it has purchasing power. It's all a mind game.
When you take out a loan from a bank (put more
'money' into circulation through accepting
credit) the bank doesn't print any notes, mint
any coins or move precious metals anywhere. It
simply types into your computer account the sum
of mythical figures-on-a-screen 'credit' that
you have agreed to be 'loaned'.
In fact, the bank has loaned you nothing except
figures on a computer file and yet from that
moment you start paying interest on money that
has never, does not, and will never exist.
Banking is nothing more than legalised fraud and
the biggest organised crime in history. The
Mafia are petty criminals by comparison.
You can symbolise the modus operandi as a
fisherman (the elite Illuminati banking
families) with his rod (control of the banking
system, stockmarkets, governments, mainstream
media and, most crucially, the 'creation' and
distribution of 'money' or 'credit').
In
stage one, the banking elite cast the fishing
line by keeping interest rates low and making it
easy for almost anyone to get 'credit'. This has
the effect of putting lots of 'money' into
circulation and increases the ability of
business and people to buy things.
This obviously increases 'consumer demand' and
business takes out more loans for plant,
machinery and expansion, and employs more staff,
to meet that demand. We now have what they call
'economic prosperity' or a 'boom', although
there is always an underclass that never
benefits.
During such 'boom times', people, like business,
feel more confident and vast numbers buy a
bigger house, bigger car and have more expensive
holidays - paid for invariably by loans or line
of credit.
In short, during a 'boom' business and people
get themselves into more debt and even those who
don't secure bank loans bash their credit card
to increase their purchasing power in the face
of mass advertising (mind control) to buy, buy,
buy.
But this 'prosperity' is only made possible by
the increases in credit ('money' in circulation)
that allows the increase in spending. And who
controls that? The banks controlled by the
Illuminati banking families like the Rothschilds,
Rockefellers and the rest.
When the world is saturated in credit (debt on
'money' that doesn't exist) the banking cartel
triggers stage two of what ignorant economists
and economic correspondents call the 'economic
cycle'. Continuing with the fisherman analogy,
they reel in the line and net their fish - us.
They do this by reducing the amount of credit
they issue and calling in many loans already on
their books. This has the effect of taking
'money' - purchasing power - out of circulation
and transforms the manufactured 'boom' into a
manufactured 'bust'.
With less money in circulation, people can buy
less and so businesses need to produce less.
This leads to big increases in unemployment,
bankruptcy and people losing their homes because
those businesses and people are no longer able
to earn the income necessary to service the
loans they took out during the 'good times'.
But, of course, when they accepted those loans
of non-existent 'money' they had to sign over as
security their wealth that did exist - their
home, car, business or land - and so when they
fail to 'repay' their 'loans' of credit the
banks seize their wealth that does exist in
exchange for not paying back 'money' that has
never existed, except in theory.
Yes, I know it's insane to you and me, but from
the perspective of an economic system created
for the simple purpose of human control and
enslavement it is perfectly sane. To the elite
families behind it all, it is sheer genius and a
crucial means to their end.
'Gotcha.'
Using the techniques I have described, these
interbreeding families have trawled and netted
the 'physical' wealth of the world while giving
the masses worthless bits of paper and figures
on a screen to make them think they are sharing
in the whole deal. But they are not and,
whenever the genetic cartel decrees, the people
realise how tenuous their perceived 'prosperity'
really was.
But, come the next 'boom', they fall for it all
over again. Ahhhhhhh!
All this manipulation is made possible by
allowing private banks, ultimately controlled by
the same family bloodlines, to control how much
credit or 'money' is in circulation, and by the
mass brainwashing of the population to 'spend,
spend, spend' to seek a lifestyle that the
system, again controlled by the same cartel, has
told them is the measurement of their 'success'
and 'happiness'.
As Robert H. Hemphill, a one-time credit manager
at the Federal Reserve Bank in Atlanta once
said:
'This is a staggering
thought. We are completely dependent on the
commercial banks. Someone has to borrow every
dollar we have in circulation, cash or credit.
If the banks create ample synthetic money we are
prosperous, if not, we starve. We are absolutely
without a permanent money system.
When one gets a complete grasp of the picture,
the tragic absurdity of our hopeless position is
almost incredible, but there it is. It is the
most important subject intelligent persons can
investigate and reflect upon. It is so important
that our present civilisation may collapse,
unless it becomes widely understood and the
defects remedied very soon.'
And so to today's 'banking crisis'. It's a
classic.
Since the last 'economic downturn' (trawl of the
real wealth) there has been a global orgy in
'consumer debt' (we are no longer people, we are
'consumers', just a cog in the economic
machinery). By last year, Americans owed a
staggering $16 trillion dollars - that's $2.4
trillion in personal loans and $13.6 trillion
borrowed for their homes.
Total US debt in 2007
(and it's bigger now): $53 trillion.
In the UK, a nation of some 60 million compared
with America's 300 million, the debt levels have
similarly soared to record highs. Personal debt
in Britain passed £1 trillion ($2 trillion) in
2004, just seven years after it passed through
the half a trillion barrier. It has since
expanded by another nearly £400 billion and
Britain's personal debt is increasing by more
than £1 million every four minutes.
The banking cartel has taken the debt to record
levels because it is preparing for a record
trawl. It is the vehicle for the Illuminati
families to create the chaos from which they can
offer their solution - a new global economic
system which gives them more control than ever
before. They want this eventually to be
administered by a world central bank via a
single world currency that would be purely
electronic with no cash in circulation at all.
This would give total control (apart from
barter) over if or what you purchase to a global
computer system that would be programmed to
decide if it would accept your electronic card
or, in time, the microchip under your skin.
Dissidents of the system would soon be off the
computer's Christmas card list, that's for sure.
This is what the current financial mayhem is all
about - another massive stepping stone to the
control of every man, woman and child on the
planet.
Once you know that, the apparently crazy and
scandalous decisions made by the banking system
to trigger the current crisis take on a new
perspective. These include the high-risk
sub-prime mortgage frenzy which made vast
numbers of loans to people who were highly
likely to default - and have.
It was a disaster waiting to happen - but only
for those who lost their homes, not for the
families controlling the banking system.
But wait, I can hear people say, banks are going
broke and even major players like Bear Stearns
have been on the brink. Surely the Illuminati
families wouldn't want that? Oh, but they would
because of the contribution it makes to their
overall agenda.
It is important to stress the difference between
running a bank within the game and owning the
game itself. Take the symbolic example of the
board game called Monopoly. Different people
come and go, playing the game and 'winning' and
'losing'.
But the game itself can never 'lose' because it
is the board on which everyone has to play,
winners and losers, and it is all the houses,
hotels, instruction cards and rules that they
have to play with and abide by. Players of the
game may use its board, money and real estate
for a while, but the game always gets them back,
or the owner of the game does.
Monopoly: he who
creates the game controls the rules
Yes, the US bank Bear Stearns saw its share
price plummet from more than $150 a share down
to almost zero. But who has sought to take
advantage of that? The notorious Illuminati
operation, J P Morgan Chase, which has offered
Bear $2 a share in its takeover bid - and the
Illuminati-created and controlled Federal
Reserve, the privately-owned 'central bank' of
America, has made the Morgan takeover virtually
risk-free by guaranteeing up to $30 billion of
Bear's mortgages and other assets.
It's a stitch-up. Some banks will go to the wall
and either disappear or be absorbed for cents on
the dollar by other Illuminati operations and it
suits the agenda to install fewer, but bigger,
banks because that reduces the number of people
with any influence on competition and financial
events in general.
It is sobering to read this Internet account of
the engineered Wall Street Crash of 1929 which
led to the Great depression of the 1930s, a time
that some commentators are claiming we may be
about to experience again:
'Throughout the 1920s a
long boom took stock prices to peaks never
before seen. From 1920 to 1929 stocks more than
quadrupled in value. Many investors became
convinced that stocks were a sure thing and
borrowed heavily to invest more money in the
market.
But in 1929, the bubble burst and stocks started
down an ever more precipitous cliff. In 1932 and
1933, they hit bottom, down about 80% from their
highs in the late 1920s. This had sharp effects
on the economy. Demand for goods declined
because people felt poor because of their losses
in the stock market. New investment could not be
financed through the sale of stock, because no
one would buy the new stock.
But perhaps the most important effect was chaos
in the banking system as banks tried to collect
on loans made to stockmarket investors whose
holdings were now worth little or nothing at
all. Worse, many banks had themselves invested
depositors' money in the stockmarket. When word
spread that banks' assets contained huge
uncollectable loans and almost worthless stock
certificates, depositors rushed to withdraw
their savings. Unable to raise fresh funds from
the Federal Reserve System, banks began failing
by the hundreds in 1932 and 1933.'
Those hundreds of failing banks were either
absorbed for next to nothing by the big banks,
which became even richer and more powerful as a
result, or they were left to disappear and
reduce the potential competition. Individual
banks may come and go, but the banking system,
the game, is always there.
For '... chaos in the banking system as banks
tried to collect on loans made to stockmarket
investors whose holdings were now worth little
or nothing at all', read sub-prime mortgages and
such like that we have now. Imagine the effect
of a stockmarket crash today on top of
everything else and it's coming, make no
mistake. It's all in the script.
America during the
banker-created Great Depression
It was no coincidence at all that the crash of
the 1930s was unleashed by the Illuminati
Federal Reserve making several increases in
interest rates to 'cool the stockmarket', nor
that the economic collapse brought the
Illuminati front man Franklin Roosevelt to the
White House with his 'New Deal' to 'solve the
crisis'. Instead, he took the United States into
World War Two.
What we are seeing is just 'history' (the
techniques of mass manipulation) repeating.
After the 'boom' created by low interest rates
and unlimited credit since the 1990s, they are
crashing the global economy through what is
being called the 'Credit Crunch'. Put another
way, they put lots of money into circulation
(boom) and now they are taking it out again
(bust).
This means that there comes a moment when there
is simply not enough money in circulation for
everyone to pay back their outstanding 'loans'.
Suffering and homelessness are built into the
system.
Other aspects of this same agenda include:
1) The crashing of
the US dollar to prepare for its replacement by
a 'North American Union' currency (working title
at least, the Amero) which would become the
currency of the United States, Canada and Mexico
with plans to extend it to the whole of the
Americas.
2) Creating such a scale of economic suffering
and dependency that people will do anything, at
however low the wage, just to survive and with
'outsourcing' and the massive influx of people
from poorer countries into places like North
America, the UK and the rest of Western Europe,
the competition for this low-paid work is being
intensified still more (see the video sequence
after this article).
Watching the news as the crisis unfolds is like
witnessing a car crash in slow motion, or a
replay of one you have seen, or read about, many
times before; and debt has reached such
astronomical proportions that we're right out of
seat belts.
Like I say, in the end it's all a mind game
based on the manipulation of that mental and
emotional state we call 'confidence'. When you
control the mainstream media and the leading
politicians then controlling the level of
'confidence' is a synch.
When people have confidence in banks,
stockmarkets and the strength of the economy in
general, they borrow more money, get into more
debt, spend more and invest more in things like
stocks and shares. The result: there is an
economic and stockmarket boom.
When people lose confidence in banks,
stockmarkets and the strength of the economy in
general, they borrow less money, spend less and
invest less in things like stocks and shares.
The result: there is an economic and stockmarket
'crisis'.
So tell them everything is wonderful and give
them lots of credit and then tell them
everything is in chaos and stop their lines of
credit. It is so easy when you own the game. As
the brilliant American comedian, George Carlin,
put it: 'It's big club and you ain't in it' -
see video clip at the end of this article.
Wall Street: A Las
Vegas casino
Many years ago I spoke about all this at a
financial conference and afterwards a man who
speculated for a living on the commodity markets
(deciding if people in 'Third World' countries
ate or not) came over to speak to me. He said he
didn't believe what I said about manipulation of
the system, but he would keep his eyes open from
now on.
A few months later I met him again and he was
transformed. He said he had noticed that three
or four days before a state-of-the-economy
statement by the then Federal Reserve chief,
Alan Greenspan, the big players in the markets
would go to work moving their investments
around.
Every time, he said, the result of Greenspan's
words was to increase the value of what the big
players had been buying and push down what they
had been selling. The reason does not need a
genius to explain: The big players were
colluding in Greenspan's statements.
The way to withdraw as much as possible from the
clutches of this economic imprisonment is to get
out of debt as much as possible. This is
difficult for most people who are buying their
homes because the cost is so high compared with
their income and savings - and the explosion in
house prices was fuelled by the very credit
free-for-all that has made initial buying, if
not the repayments, so easy.
But in everything else most people do have a
choice not to borrow money for things they don't
actually need - and that's where so much credit
'money' is spent. If people can't afford
something that is not essential then don't buy
it if you can't pay cash because otherwise you
are mortgaging your life to the banking cartel.
I rented my flat with its one bedroom and little
office and I only bought it in the end with a
mortgage because it was perfect for my needs and
the owner wanted to sell it to someone else if
not to me.
I can't afford anything bigger and that's fine
because I don't want anything bigger. I have no
desire whatsoever for the big-house, big-car
lifestyle. I have to laugh when I see people on
the Internet claiming that I must be filthy rich
because of the big house I own when the 'big
house' is a block of small flats, of which I
'own', or the bank does, only one.
But on everything else in my life I have a
simple and strict philosophy. If I can't pay
cash I don't want it, thanks. Don't let anyone
try to sell me trinkets as a symbol of my
success, and offer me cheap credit to buy them,
because they can stick it all where the sun will
never trouble the darkness.
If we don't fall for the trinkets version of
'success' and the lack-of-them version of
'failure', then we reduce massively the
dependence on credit to finance our pursuit of
what the very system lending us that
non-existent money is telling us we must have to
be 'successful'.
If you buy the system's version of reality it
will eventually devour you, if not always
economically then at least in the devouring of
your soul.
So we don't have the latest car, fashion or bit
of bloody 'bling'. Who gives a shit? What
nonsense it all is.
'And a fed it wiv da
credit ...'
How far we have become disconnected from true
wealth and the understanding that life is about
more than irrelevant baubles, bangles and beads.
As a Native American chief called Seattle is
supposed to have said:
'How can you buy or
sell the sky, the warmth of the land? The idea
is strange to us. If we do not own the freshness
of the air and the sparkle of the water, how can
you buy them? ...
... We know that the white man does not
understand our ways ... he is a stranger who
comes in the night and takes from the land
whatever he needs. The earth is not his brother,
but his enemy, and when he has conquered it, he
moves on ...
... He treats his mother, the earth, and his
brother, the sky, as things to be bought,
plundered, sold like sheep or bright beads. His
appetite will devour the earth and leave behind
only a desert.'
And not just a 'physical' one, but a spiritual
one, too. As another Native American saying from
the Cree people goes:
'Only after the last
tree has been cut down
Only after the last river has been poisoned
Only after the last fish has been caught
Only then will you find you cannot eat money
I first quoted that saying 24 years ago when I
was campaigning against environmental
destruction. It is getting more relevant by the
day.
What New York Governor Eliot Spitzer said about
the banking crisis before news of his private
life was leaked to the media to destroy him.
Now here is the movie version of what is
happening today which I have been highlighting
for so many years
This John Carpenter film They Live from 1988
tells the story of what is planned and the
'force' that is really behind it. Note the
similarity between the above BBC report, today's
financial and banking crisis, and what this
movie portrays.
Wes Penre is a
researcher, journalist, the owner of the domains
Illuminati News
and
Zionist Watch and is the publisher of the
same. He has been researching Globalization and the New World
Order and exposed the big players behind the scenes for more
than a decade now. He has published his research on the Internet
at the above domains, which are currently updated to keep people
informed what is going on. You can also find his articles linked
up, discussed and republished all over the Internet.
This
page may contain copyrighted material, the use of which has not always been
specifically authorized by the copyright owner. I am making such material
available in my efforts to advance understanding of environmental,
political, human rights, economic, democracy, scientific, and social justice
issues, etc. I believe this constitutes a 'fair use' of any such copyrighted
material as provided for in section 107 of the US Copyright Law. In
accordance with Title 17 U.S.C. Section 107, the material on this site is
distributed without profit to those who have expressed a prior interest in
receiving the included information for research and educational purposes.