The Bailout Game

[marshabar1]

This is extrapolated from THE CREATURE FROM JEKYLL ISLAND by G. Edward Griffin.



He describes the bailout of banks as a game with 4 plays.

1. The commercial banks of industrialized nations with the backing of the nations' central banks create money out of nothing. They lend this money to the governments of underdeveloped nations at a high interest rate. They don't expect repayment.

2. When payments on the loan are no longer possible for the debtor nations the IMF and its lending arm the World Bank enter the game. With additional money created out of thin air by central banks of member nations they make new loans to defaulting countries. These loans are made to governments.

3. The new money supply is quickly exhausted and play number 2 is used again. This time the loan is guaranteed by the World Bank and the central banks. The risk of default is removed, the interest rate is reduced and the debtor nations resume payments.

4. There is no final play, no end of the game. The whole trick is to keep it going forever. Banks earning interest, governments imposing Socialism. To keep it going indefinitely the IMF needs to be converted into a world central bank which can create its own money. Once the IMF becomes a "bank of issue" the Socialists who run things can continue indefinitely collecting resources from the citizens of the world through inflation. The money stream can be uninterrupted because nations are out of the picture, they have no money of their own.

“The IMF and the World Bank were created at a meeting of global financiers and politicians held at Bretton Woods, New Hampshire, in 1944. Their announced goals were to facilitate international trade and to stabilize the exchange rates of national currencies. The unannounced goals were quite different. They were the elimination of the gold-exchange standard as the basis of currency valuation and the establishment of world socialism.
The method by which gold was to be eliminated in international trade was to replace it with a world currency which the IMF, acting as the world central bank, would create out of nothing. The method by which world socialism was to be established was to use the World Bank to transfer money – disguised as loans- to the governments of underdeveloped countries and to do so in such a way as to insure the demise of free enterprise. The money was to be delivered from the hands of politicians and bureaucrats into the hands of other politicians and bureaucrats. When the money comes from government, goes to government, and is administered by government, the result will be expansion of government.
The Theoreticians who dominated the conference at Bretton Woods were the well-known Fabian Socialist from England John Maynard Keynes (Keynesian Economics), and the Assistant Secretary of the US Treasury, Harry Dexter White. White became the first Executive Director for the United States IMF.
The Fabians were an elite group of intellectuals who agreed with Communists as to the goal of socialism but disagreed over tactics. Whereas Communists advocated revolution by force and violence, Fabians advocated gradualism and the transformation of society through legislation.
It was learned in later years that Harry Dexter White was a member of a Communist espionage ring. Thus, hidden from view, there was a complex drama taking place in which the two intellectual founders of the Bretton-Woods accords were a Fabian Socialist and a Communist, working together to bring about their mutual goal: world socialism.”

www.followthegreenbacks.com/?p=46

[Aman A.K.A. Ahamburger]

LOL, thanks for the laugh.

First the FED was created in 1914, the IMF wasn't even conceived until the 40's.

Second, {“The IMF and the World Bank were created at a meeting of global financiers and politicians held at Bretton Woods, New Hampshire, in 1944. Their announced goals were to facilitate international trade and to stabilize the exchange rates of national currencies. The unannounced goals were quite different. They were the elimination of the gold-exchange standard as the basis of currency valuation and the establishment of world socialism.}

Is completely absurd because it's a fact that the Bretton Woods accord ended when the US came off the gold standard.

Oh ya, and if this was the "plan" then during the 30's, they would have continued to expand the money supply instead of contracting it and spiraling the word into a depression that threated the end of capitalism. That unless of course you believe that the Jewish bankers created the depression so that they could rise Hitler into power. Witch is what people that love this book sometimes believe.

[Aman A.K.A. Ahamburger]

The problem with trying to connect all these people together, and trying to say it's all a plot of some kind, is it takes the focus off the people who are the problem. For instance Dominique Strauss-Kahn from the IMF is supposedly part of this master plan, however he was warning everyone in the US about the problems the were creating. No one in power listend to him.

It's no secret that Zionism exists. It is the self-determination of the Jewish people in a sovereign Jewish national homeland. However some things to take into consideration.

www.jewishvirtuallibrary.org/jsource/Judaism/Ashkenazim.html

- While Ashkenazi Jews occasionally experience anti-Semitism, mob violence first erupted against them an the end of the 11th century. Many Jews were killed in what Robert Seltzer calls a "supercharged religious atmosphere." Many were willing to die as martyrs rather than convert.

- In the 12th and 13th centuries, many Ashkenazi Jews became moneylenders. They were supported by the secular rulers who benefited from taxes imposed on the Jews. The rulers did not totally protect them, however, and blood libels cropped up accompanied by violence. In 1182, Jews were expelled from France. Ashkenazi Jews continued to build communities in Germany until they faced riots and massacres in the 1200s and 1300s. Some Jews moved to Sephardi Spain while others set up Ashkenazi communities in Poland.

- With the start of the Renaissance and religious wars in the late 16th century, a divide grew between central and eastern European Jews. In central Europe, particularly in Germany, rulers forced the Jews to live apart from the rest of society in ghettos with between 100 and 500 inhabitants. The ghettos were generally clean and in good condition. Eastern European Jews lived in the shtetls, where Jews and gentiles lived side by side.

- In the 1600s and 1700s, Jews in Poland, the center of Ashkenazi Jewry, faced blood libels and riots. The growth of Hasidism in Poland drew many Jews away from typical Ashkenazi practice. After the Chmielnicki massacres in Poland in 1648, Polish Jews spread through Western Europe, some even crossing the Atlantic. Many Ashkenazi Polish Jews fled to Amsterdam and joined previously existing communities of German Jews. Sephardim there considered the Ashkenazim to be socially and culturally inferior. While the Sephardim were generally wealthy, the Ashkenazim were poor peddlers, petty traders, artisans, diamond polishers, jewelry workers and silversmiths. As the Sephardim became poorer in the 18th century, the communities became more equal and more united.

-The Jewish community in England also changed in the 1700s. It had been primarily Sephardi throughout the 1600s, but it became more Ashkenazi in culture as growing numbers of German and Polish Jews arrived.

-By 1750, out of 2,500 Jews in the American Colonies, the majority was Ashkenazi. They were Yiddish-speaking Jews from Holland, Germany, Poland and England. The first Jews were merchants and traders. Since then, Ashkenazi Jews have built up communities throughout the United States.

- By the end of the 19th century, as a result of Russian persecution, there was massive Ashkenazi emigration from Eastern Europe to other areas of Europe, Australia, South Africa, the United States and Israel. Ashkenazim outnumbered Sephardim everywhere except North Africa, Italy, the Middle East and parts of Asia. Before World War II, Ashkenazim comprised 90% of world Jewry.

- The destruction of European Jewry in World War II reduced the number of Ashkenazim and, to some extent, their numeric superiority over Sephardim. The United States became the main center for Ashkenazi Jews.

-Historically, the political elite of the nation have been Ashkenazim; however, this is gradually changing. Shas, a religious Sephardi party, has become one of the most powerful in the country and individual Sephardi politicians now hold powerful positions.

Powerful Jewish Dynasty Profiled:
www.ihr.org/jhr/v15/v15n5p33_Weir.html

- A little-known but very ambitious Warburg project between the wars was the "Agro-Joint." Established in 1924 and financed by Felix Warburg, Julius Rosenwald (of Sears, Roebuck), and John D. Rockefeller, Jr., the "American Jewish Joint Agricultural Corporation" funnelled millions of dollars into Soviet Russia to transplant hundreds of thousands of Jews to 215 farming colonies on two and a half million acres. "Agro-Joint" money purchased land, livestock, agricultural machinery and more than a thousand tractors. Four hundred trade schools were established to train Jews in metal, woodworking, printing and other skills. (Regrettably, Chernow provides little information about the Soviet officials who dealt with the Warburgs in this venture.)

In 1927 Felix Warburg toured the Soviet republic, visiting 40 of the Jewish agricultural colonies in Ukraine and Crimea (including two named after him). At meetings in their community halls, an elated and inspired Warburg praised the colonists and their pioneering work. Back in United States, he responded to critics with a vigorous defense of the Communist regime. Felix Warburg was, writes Chernow, "quick to note that the Soviet government was improving the economic lot of the Jews."

The utopian scheme lasted until 1937 when the Soviets double-crossed the American capitalists and absorbed the Jewish colonies into local Soviet agencies. The last "Agro-Joint" assets were transferred to the Soviet government in 1940.

-Even the Warburgs were not entirely immune from the infectious enthusiasm of Hitler's movement. In 1930 Siegmund Warburg told his cousin Karl that, the anti-Semitism aside, he saw some redeeming qualities in the National Socialist cause. "The Nazis are doubtless in part dreadfully primitive in human and political terms," he wrote in a letter. "On the other hand, one finds among a large part of them valuable, typically German strengths, which are indeed incredible in a political connection, but show strong feeling for social and national duties ..."

When Hitler came to power in January 1933, Max Warburg was Germany's most prominent Jewish banker. He headed the most important private banking firm, and was a member of the "general council" of the nation's central bank. In March 1933 he approved Hitler's decision to name Dr. Hjalmar Schacht as president of the Reichsbank. The document naming Schacht to this post is signed by Chancellor Hitler and President von Hindenburg as well as the eight members of the Reichsbank "general council," including the Jews Mendelssohn, Wassermann and Warburg.

Schacht's skill during the 1920s in curing runaway inflation and getting the German economy back on an even keel earned him world renown as a financial wizard. A conservative, old-school banker, he never joined the National Socialist party. (Tried by the Nuremberg Tribunal as a "major war criminal," he was acquitted.)

At a meeting in July 1934, Hitler asked Schacht if he would also head up the German Economics Ministry. "Before I take office I should like to know how you wish me to deal with the Jewish question?," Schacht asked. "In economic matters, the Jews can carry on exactly as they have done up to now," replied Hitler. And so it was -- at least for a few years.

In 1936, for example (three years after Hitler took power), the M. M. Warburg bank in Hamburg was still profitable. Among other lucrative connections, it was still disbursing interest payments to bondholders for the giant Friedrich Krupp company of Essen. As Siegmund Warburg wrote in July 1936: "M. M. W. and Co. are still remarkably untouched by the Nazi situation and the business is doing well." Even in 1938, notes Chernow, the Warburg bank was turning a profit.

-M.M. Warburg and Co. played an important role in facilitating the "Haavara" or "transfer" agreement. Through this remarkable arrangement, concluded in 1933 between Hitler's government and the Zionist leadership, property of Jews emigrating to Palestine was used to purchase German-made goods, which were shipped to Palestine and sold there. Money from the sale of these goods went to the migrating Jews. About ten percent of German Jewry emigrated through the "Haavara" deal, which benefited Jewish emigrants, helped overcome the anti-German boycott, and immensely strengthened the Zionist community in Palestine. Moreover, it enriched Max Warburg's bank, which served as conduit for three-fourths of "Haavara" funds. [See "Zionism and the Third Reich" in the July-August 1993 Journal.]

Until 1938, Max Warburg benefited from his cordial personal relationship with Dr. Schacht. But as Schacht's influence with Hitler waned, so did Warburg's position in German business. As German corporations were "Aryanized," Warburg was forced to substitute a trusted non-Jewish company employee for himself on the hundred or so corporate boards on which he held a seat.

When the Warburg bank itself was Aryanized in May 1938, an era that began in 1798 came to an end. The firm was turned over to a non-Jewish employee, Rudolf Brinckmann, and Max Warburg left his Hamburg office for the last time. (A short while later he left Germany forever, dying in 1946 in the United States.) The firm's traditional name lingered until 1941, when it was changed to Brinckmann, Wirtz and Co.

Here are some more good starting points, IMO.

Jewish question:
en.wikipedia.org/wiki/Jewish_Question

The Final Solution

Main article: Final Solution

In Nazi Germany, the term Jewish Question (in German: Judenfrage) referred to the sense that the existence of Jews in Germany posed a problem for the state. In 1933 two Nazi theorists, Dr. Johann von Leers and Dr. Achim Gercke, both proposed that the Jewish Question could be solved most humanely by resettling Jews in Madagascar or elsewhere in Africa or South America. Both intellectuals discussed the pros and cons of supporting the German Zionists as well, but von Leers asserted that establishing a Jewish homeland in British Palestine would create humanitarian and political problems for the region.[10] Upon achieving power in 1933, Hitler and the Nazi state began to implement increasingly radical measures aimed at segregating and ultimately removing the Jewish people from Germany and (eventually) all of Europe.[11] The Haavara Agreement was signed, allowing 60,000 German Jews of the 522,000 residing in Germany in 1933 to emigrate to Palestine by 1939. The next stage was persecution of Jews and the stripping of Jews of their citizenship through the Nuremberg Laws.[12][13] Later, during World War II, it became state-sponsored internment in concentration camps[14] and finally, the systematic extermination of the Jewish people (The Holocaust),[15] which took place as the so-called Final Solution to the Jewish Question.[2][16][17]

Balfour Declaration of 1917:
en.wikipedia.org/wiki/Balfour_Declaration_of_1917

Israeli Declaration of Independence:
en.wikipedia.org/wiki/Israeli_Declaration_of_Independence

Kman brought up a good movie to watch. The Inside Job, really pay attention to the last 10 min. It's worth fighting for!