2009-04-07
2009-04-03
Why Satanism Is Practiced By Our Leaders!
William Henry - Cloak of The Illuminati
Alex Jones - He Is Just!
2009-04-02
China Calls For New Global Currency
China calls for new global currency
Tuesday March 24, 2009, 12:49 am EDT
Joe Mcdonald, AP Business Writer
China calls for new global currency, adds pressure for overhaul of financial
order
BEIJING (AP) -- China is calling for a new global currency controlled by the International Monetary Fund, stepping up pressure ahead of a London summit of global leaders for changes to a financial system dominated by the U.S. dollar and Western governments.
The comments, in an essay by the Chinese central bank governor released late Monday, reflects Beijing's growing assertiveness in economic affairs. China is expected to press for developing countries to have a bigger say in finance when leaders of the Group of 20 major economies meet April 2 in London to discuss the global crisis.
Gov. Zhou Xiaochuan's essay did not mention the dollar by name but said the crisis showed the dangers of relying on one nation's currency for international payments. In an unusual step, the essay was published in both Chinese and English, making clear it was meant for an international audience.
"The crisis called again for creative reform of the existing international monetary system towards an international reserve currency," Zhou wrote.
A reserve currency is the unit in which a government holds its reserves. But Zhou said the proposed new currency also should be used for trade, investment, pricing commodities and corporate bookkeeping.
Beijing has long been uneasy about relying on the dollar for the bulk of its trade and to store foreign reserves. Premier Wen Jiabao publicly appealed to Washington this month to avoid any steps in response to the crisis that might erode the value of the dollar and Beijing's estimated $1 trillion holdings in Treasuries and other U.S. government debt.
The currency should be based on shares in the IMF held by its 185 member nations, known as special drawing rights, or SDRs, the essay said. The Washington-based IMF advises governments on economic policy and lends money to help with balance-of-payments problems.
Independent economists have suggested creating a new reserve currency to reduce reliance on the dollar but acknowledge that would face obstacles. It would need acceptance from governments that have relied on the dollar for decades and hold huge stockpiles of U.S. currency.
China has pressed for changes to give developing countries more influence in the IMF, the World Bank and other finance bodies. G20 finance officials issued a statement at their last meeting calling for such changes but gave no details of how that might happen.
Russia also has called for such reforms and says it will press its case at the London summit.
Zhou said the new currency would let governments manage their economies more efficiently because its value would not be influenced by any one nation's need to regulate its own finance and trade.
"A super-sovereign reserve currency managed by a global institution could be used to both create and control global liquidity," Zhou wrote. "This will significantly reduce the risks of a future crisis and enhance crisis management capability."
Zhou also called for changing how SDRs are valued. Currently, they are based on the value of four currencies -- the dollar, euro, yen and British pound.
"The basket of currencies forming the basis for SDR valuation should be expanded to include currencies of all major economies," Zhou wrote. "The allocation of the SDR can be shifted from a purely calculation-based system to one backed by real assets, such as a reserve pool, to further boost market confidence in its value."
Chinese central bank (in Chinese): http://www.pbc.gov.cn
Chinese central bank (in English): http://www.pbc.gov.cn/english
The Council on Foreign Relations, often described as the "real state department", has launched an initiative to promote and implement a system of effective world governance. The program, titled "The International Institutions and Global Governance Program," utilizes the resources of the "...David Rockefeller Studies Program to assess existing regional and global governance mechanisms..." The initial funding for the program came with a $6 million grant from the Robina Foundation, which claims that the grant is "...one of the largest operating grants ever received in Council history." The IIGG program, launched on May 1st, 2008, is the latest manifestation of an agenda that has existed since and before the founding of the Council on Foreign Relations. Former CFR member, Rear Admiral Chester Ward, stated regarding the group,
"The most powerful clique in these elitist groups have one objective in common - they want to bring about the surrender of the sovereignty and the national independence of the United States. A second clique of international members in the CFR comprises the Wall Street international bankers and their key agents. Primarily, they want the world banking monopoly from whatever power ends up in the control of global government." The International Institutions and Global Governance Program identifies several "global issues" that require a system of world governance. Environmental issues, terrorism, the global economy and energy are all mentioned. The project then states that a system of "universal membership" could be pursued, or alternatively a regional organization, such as the European Union model. "In each of these spheres, the program will consider whether the most promising framework for governance is a formal organization with universal membership (e.g., the United Nations); a regional or sub-regional organization; a narrower, informal coalition of like-minded countries; or some combination of all three." The program calls for the "Re-conceptualizing" of national sovereignty, citing the European Union's "pooling" of sovereignty as a model. The CFR project recognizes that historically, the United States has been resistant to the ideals of global governance. The project states, "Among the most important factors determining the future of global governance will be the attitude of the United States..." The IIGG program continues, "...few countries have been as sensitive as the United States to restrictions on their freedom of action or as jealous in guarding their sovereign prerogatives." The program then states that the separation of powers as stated in the Constitution, along with the U.S. Congress, stand in the way of the United States assuming "new international obligations." As stated, "...the country’s longstanding tradition of liberal “exceptionalism” inspires U.S. vigilance in protecting the domestic sovereignty and institutions from the perceived incursions of international bodies. Finally, the separation of powers enshrined in the U.S. Constitution, which gives Congress a critical voice in the ratification of treaties and endorsement of global institutions, complicates U.S. assumptions of new international obligations." The actions of the Military Industrial Complex under the Bush Administration have served globalist interests well. "Global structures" are now presented as the mechanism to prevent such atrocities. America's demonization is central to building a system of world governance. Patrick M. Stewart, who is currently the director of the CFR IIGG program, is anticipating the Obama administration "...to seek to turn the page on what many perceived to be 'cowboy unilateralism' of the Bush years, by embracing multilateral cooperation, re-kindling U.S. alliances and partnerships, and engaging in sustained diplomacy within the UN framework," as reported by Xinhua. The IIGG project itself stated in May of 2008 that, "Regardless of whether the administration that takes office in January 2009 is Democratic or Republican, the thrust of U.S. foreign policy is likely to be multilateral to a significant degree." Globalist forces are hard at work in the economic and political realms in an attempt to shape the future of the world, furthering the dominance of the global elite. Calls for a global currency in response to the economic crisis are regularly occurring, drawing the tacit support of Treasury Secretary Timothy Geithner, speaking to the CFR. Henry Kissinger, a CFR member, anticipates that President Obama will, "...give new impetus to American foreign policy partly because the reception of him is so extraordinary around the world. I think his task will be to develop an overall strategy for America in this period when, really, a new world order can be created. It's a great opportunity, it isn't just a crisis." The Council on Foreign Relations global governance program will undoubtedly be pursued under the Obama administration, which is filled with CFR members. President of the CFR, Richard Haass, is serving as a top adviser to the Obama administration. As the IIGG program admits, regardless of who sits in the White House, the globalist agenda moves forward full speed ahead.
J.P. Morgan Chase Manipulating Gold/Silver Market
Stunning new evidence of manipulation in silver and gold has just been published by the Office of the Comptroller of the Currency (OCC), a bureau of the U.S. Treasury Department. The OCC, first established in 1863, charters, regulates and supervises all national banks. Their new data proves the manipulation in unambiguous terms. The report also confirms how the U.S. Government, in partnership with JPMorgan Chase, intentionally cheated silver investors worldwide of many billions of dollars during the fourth quarter of 2008, and longer. This was all outside the futures market I normally write about. It was a scam of historic proportions.
According to the OCC’s latest data release, U.S. banks, led by JPMorgan Chase, caused to be liquidated, under intentional duress, more than $20 billion of gold and as much as $9.5 billion of silver in Over The Counter (OTC) derivatives transactions during the fourth quarter of 2008. These derivatives are highly leveraged transactions mostly held by hedge funds and other large investors on the long side and big banks on the short side. While the OCC declares it is responsible for regulating U.S. banks, there is no regulation of these OTC derivatives by anyone. All the OCC does is compile the statistics. This was the largest amount of gold and silver derivatives ever liquidated in a single quarter in history. In the case of silver, more than 50% of all the OTC silver derivatives held by U.S. banks were liquidated in the fourth quarter. I doubt we will see such a large liquidation ever again.
In terms of ounces, this forced liquidation was the equivalent of 25 million ounces of gold and as much as 960 million ounces of silver, at the prices that prevailed during the quarter. These amounts are equal to 250,000 COMEX gold contracts and 192,000 COMEX silver contracts. Remarkably, in the case of silver, this is double the entire current total current open interest in COMEX silver futures, the largest listed and regulated silver market in the world. It is also much larger than annual mine production, total production (including recycling) and total consumption. As I hope you will see, it is not possible for such amounts to be accidentally liquidated within a three-month period. This was a very intentional liquidation.
You can view the data yourself. Here is the OCC’s Quarterly Report on Bank Derivatives Activities - http://www.occ.gov/deriv/deriv.htm The pertinent gold and silver data can be found in each quarterly report in table 9, on page 30. It will be necessary to compare different quarterly reports to measure changes in holdings. Look at totals for all maturities. Gold is broken out separately, silver is in the precious metals category. (Those that analyze this report consider silver to represent 80% to 100% of the precious metals category).
The OCC reports clearly confirm that total gold derivatives (all maturities) declined from $127.2 billion from September 30, 2008 to $106.9 billion on December 31, a reduction of $20.3 billion. Since the price of gold was slightly higher on December 31st than it was on September 30th, the reduction is marginally understated. Since the average price of gold during the fourth quarter was around $800, the $20.3 billion reduction in derivatives amounted to 25.38 million ounces ($20.3 billion divided by $800). JPMorgan accounted for more than 85% of the reduction in gold derivatives during the fourth quarter.
In silver, there was a decline in total precious metals derivatives from $18.7 billion on September 30th to $9.1 billion on December 31st, a reduction of $9.6 billion. Since the price of silver was 5.5% lower on December 31st than it was on September 30th, the reduction may be somewhat overstated. Since the price of silver averaged around $10 per ounce during the fourth quarter, as many as 960 million ounces of equivalent silver were liquidated. JPMorgan and HSBC accounted for 76% of the total amount liquidated.
During the fourth quarter of 2008, I was repeatedly struck by the viciousness of the sell-off in silver, as we twice plunged below $9 an ounce, down almost 60% from the highs of a year ago. I was puzzled why the manipulators had continued to force the price so low, considering that the bulk of the COMEX liquidation was over by September and October. After all, there was no evidence of physical selling of silver, as all categories and measurements of investor demand for physical silver grew during the quarter. This OCC report explains the exaggerated price sell-off completely, despite strong investor demand for silver.
Quite simply, the amount of paper silver (and gold) transacted in the OTC market dwarfed what took place in the real physical market. Further, since the OTC is so opaque, the transparent paper COMEX market was used to set the price for, and cause, the massive liquidation in the larger OTC market. The price that is disseminated from the COMEX is the price that the world goes by and prices all silver (and gold) transactions. Miners, refiners, industrial consumers, investors and paper hedge fund speculators all price off the COMEX. Control the COMEX price and you control the world of silver (and gold). Hedge funds and other large leveraged speculators holding long positions were faced with increasing margin calls as COMEX silver prices were manipulated lower and they sold to the big banks who were short and bought back their shorts. That’s why the concentrated short position is so illegal and manipulative. In fact, this same concentration exists, in spades, in the OTC market as well. Just read the OCC reports.
Further, the OCC reports prove that JPMorgan not only inherited from Bear Stearns the massive COMEX silver short position in March of 2008 (as well as a COMEX gold short position), it also inherited from Bear Stearns a much larger OTC silver and gold short position. From December 31, 2007 to March 30, 2008, JPMorgan’s OTC silver short position grew from $4.9 billion to $12.5 billion. Adjusting for the 16% price increase in silver between those dates, JPMorgan’s silver short position grew by more than 400 million ounces to as much as 735 million ounces, from 335 million ounces. This is separate and distinct from and in addition to their COMEX silver short position.
I know these numbers are shocking. That’s why you must take some time to study the data for yourself. Even if silver is not 100% of the precious metals category, any reasonable percentage will still result in shocking numbers. More than that, such a large and concentrated short position, on both the COMEX and in the OTC market should explain the motive and stakes involved in the great silver flush out of 2008. This silver short position needed to be reduced by any means necessary, due to the unthinkable exposure that would exist if it were not closed out. But so large was this short exposure that while JPM did succeed in reducing its short silver exposure from the highest level in its history when it took over Bear Stearns, to the lowest level in three years, there still exists a silver short exposure of hundreds of millions of ounces.
That the U.S. Government has aided and abetted JPMorgan in this illegal endeavor you should find as repugnant as I do. U.S. Government agencies, like the Treasury Department and the CFTC are the ones publishing these data. The Treasury Department and the Federal Reserve arranged the JPMorgan/Bear Stearns takeover. How could they not be aware of and have sanctioned this historic silver liquidation? It is sickening. Officials should and must go to jail over this.
All this should reinforce the message to buy real silver. That such blatant and illegal efforts are being made to force investors to sell paper silver, should convince you all the more to buy and hold real silver while you can. That they have forced this much silver liquidation should give you a sense of just how valuable silver is, and to what price levels they expect it to climb to. Don’t listen to me, look at what they have done.
There is too much to write about this week to fit into one article. Therefore, I’m going to do something different. I plan to publish new articles on different (but related) topics tomorrow and the day after. Please check back for those articles.
In closing, I’d like to leave you with a You-Tube video that an inventive reader from Australia, John Christian, created, using Izzy’s last article. I think you’ll enjoy "The Silver War Cry" http://www.youtube.com/watch?v=FywT-txGuss
http://news.silverseek.com/TedButler/1238441075.php
Masonic Rituals Recorded & Exposed By Brother In Turkey
- The first series of footage is a Masonic initiation of three Freemason recruits (Apprentices).
- The second is a ritual of 33rd degree Freemason's slitting a sacrificial goat on a pentagram in the Lodge's temple room. Note, you can continue to observe the Masonic swords. The grand master drinks the goat's blood which is sacrificed in the middle of the room and prays in Hebrew language and ends the satanic worship ritual.
- The last small segment is of a Masonic wedding at a lodge in Istanbul. There is a masonic wedding ceremony.
TRANSLATION
Please introduce the cadidates to us.
Serdar Büyüküstün, his profession is electrical engineering.
Aykut Erensoy, his profession is electrical Engineering.
Kenan Ali Akman, he is a businessman.
Understood. Please bring them inside.
Dear Misters, before all else we would like you to promise to us that, whether you are accepted as a brother or not, after you are taken into what we call 'the room of contemplation', you will not mention anybody what you see and what you hear here, do you promise on your honour?
Mr. Erensoy? Yes, I promise.
Mr. Büyüküstün? I promise.
Mr. Akman? Yes, I promise.
The inquisotor brother, let the candidates sit.
Mr. Büyüküstün, tell us what is the thing which was touched to your chest and which was made you feel with one of your hands?
Uhm... something metal... sword.
The meaning of the sword being touched to your chest is that you keep your promise otherwise you will be made to regret not keeping it and suffer pains for the rest of your life.
Let us avoid any mistakes, are you really the same people who wants to join us? Did you fill in the form without pressure from others and with your own free will and judgement? And you signed it?
Yes.
Let the cadidates commence 'the first journey'.
Who are these people? Those who seek the real light.
Misters, repeat the oath we made just now once again after me.
Before the symbol of the great architect of the universe and in front of the mason brotherhood, what I said was correct and I swear by it with all my sincerity.
I will not disclose any of our masonic secrets and what I have been shown and told here to anybody other than other brothers in a masonic lodge.
I will work towards the end of masonic goals.
I will obey the principles of the free masons' greater lodge.
I will regularly attend the meetings of the lodge which I will became a member of.
The first officer, brother, what do you want for the candidates?
The light of the scientific truth, dear master.
All other brothers who stand by the columns and decorate the true light. What do you want for the candidates?
The light of the scientific truth, dear master.
Let the scientific truth be given on the 3rd touch of the hammer.
The swords which are pointed at you symbolises the fact that, other masons will defend you should you ever be attacked by others in the rest of your life.
