G20: Banks must hold on to Cash for coming Crisis

The International Crime Syndicate, better known as the G20, determined at its last meeting that the collapse and consolidation of the global economy will begin around 2012 and finish in 2016 with the liquidation of all countries who are in debt with the IMF and the World Bank.

By Luis Miranda
The Real Agenda
June 29, 2010

Bankers and G20 members have direct and indirect ways to speak to the public. At the end of the latest G20 meeting in Toronto, both

From right to left: Canadian Prime Minister Stephen Harper, UK Prime Minister David Cameron and U.S. President Barack Hussein Obama.

groups spoke very clearly about what they have in mind for the foreseeable future. First, they are all in the run to help the process of global consolidation. Second, they will extend the current depression by slowly cutting the available cash for lending. Third, they will continue their austerity programs in a country by country basis to slowly kill their economies and consolidate each nation. Fourth, now that they have robbed the people’s taxes through their rescue packages, they plan to rob shareholders by putting the burden of future rescues on them when the next crisis comes. Fifth, they are disingenuous or irresponsible by thinking that putting aside 130 billion pounds will create any security for the economy, given that only the derivative schemed debt ascends into the quadrillion of dollars. And lastly, they intend to seed and water the final implosion, which according to their communique, can come as soon as 2012.

If all these sounds confusing, please let me explain.

Let’s start by remembering that the G20, and mainly the G8 were the ones who caused the current financial crisis. They did it through their front companies e.g. banks, which implemented a series of corrupt schemes to bankrupt economies and whole countries through investment and betting into risky and sometimes nonexistent financial products e.g. derivatives. These schemes were allowed to exist given the fact that for the past two decades most of the regulations put in place to stop financial fraud were eliminated as an excuse to enable “free markets”. What deregulation effectively permitted was the creation of bogus investing plans which the banks later offered to countries, states and municipalities -often times through governments- and used them to acquire all their infrastructure and cash through the issuance of debt or fraudulent investment.

It has become clear that the G8 and the bankers are not interested in improving current economic conditions. They simply want to extend the crisis as long as they need to, in order to execute their final plan of global implosion. That is what emerges from the idea of cutting lending money and asking banks to hoard the cash for the next crisis, as the G20 communique says. Although 130 billion pounds is peanuts in comparison with the debt most G8 countries hold today, the action of keeping the cash in reserve paints a clear picture of what the ‘leaders’ have in mind. What they want is a slowly and painfully grind down the economies in order to cause the greatest damage. Such policy will assure them the consolidation of more resources before the final blow to the global economy is given.

One of the most important tools the bankers have used along the last 100 years is to create an artificial bubble of money abundance -Fiat money- in order to get the countries and the public to trust them. This is what many describe as economic booms. But given the fact that the global economy is based on debt and fractional reserve banking, the only goal the money bubbles had was to hook up the greatest amount of debt on consumers to then pull the cash off the markets. By doing this, the bankers accelerate their consolidation process. Along with the reduction in lending, G8 nations agreed to continue the austerity plans in each individual country. Austerity will be implanted on the working class by cutting services such as police, hospitals, school funding, and social programs. This will in turn cause civil unrest, which is what the bankers want in order to officially freely unleash their military and technological control grid. A preview of what this grid would look like was seen on the streets of Toronto during the last G20 meeting. It was also seen during Argentina’s collapse in 2001.

The infamous rescue packages glorified by the IMF and the World Bank as the best way to avoid a complete collapse of the global economy -which as explained before was caused by the bankers themselves- were the biggest transfer of money and resources in the history of the world. Only the United States gave the bankers around $25 trillion in tax payer money so Goldman Sachs, Iberia Bank, JP Morgan Chase, Bank of America and others could pay their shareholders their chunk of the loot. See a complete list of what banks got the cash here. But those $25 trillion were not enough, of course. Germany for example, voted to give 66% of its annual revenue to the banks. Going by the G20′s communique it is clear they are planning another big collapse, possibly the last one. It is also clear they will have to rob someone else this time and that is what the bankers and the ‘leaders’ have said. They will stick the next rescue package to the banks’ shareholders -not to the big ones, though-. So if you have investments in any bank, it is advised to rescue yourself out of it before the new banking package comes along. Shamelessly, they will obligate the banks to hold billions so when the next crisis comes, taxpayers will not be burdened as if we don’t know those billions are the same they stole last 2009. Now that they consolidated and stabilized their fraudulent financial system, it won’t matter if other banks fail, because they are all covered.

The idea that 130 billion pounds is a safety net for a future crisis, or double dip recession as they like to call it, is preposterous. Derivative-produced debt is, depending who you ask, between $600 trillion and $1 quadrillion. According to Robert Chapman, from the theinternationalforecaster.com, buying derivatives is not investing.  It is gambling, insurance and high stakes bookmaking.  Derivatives create nothing.” According to the Bank of International Settlements, the derivative bubble has grown exponentially to a point where the amounts negotiated under this scheme has long surpassed the world’s GDP. “Derivative trades have grown exponentially, until now they are larger than the entire global economy.”Credit default swaps (CDS) is the most common form of derivatives. CDS are bets between two parties on whether or not a company will default on its bonds. They are indeed illegal insurance policies, with no requirement to hold any asset. CDS are used to increase profits by gambling on market changes.

The WEB of DEBT in which the current economy was built throughout the past 100 years was the tool used in a process to reverse everything humans achieved. It was not unintended however, as this was the mechanism the globalist bankers planned on using from the beginning. Every time the world experienced a financial crisis like in 1929-1933, the grip of control tightened more and more. The measures to avoid a total collapse, as we were told, were not such. They were simply ways to postpone the imminent collapse.  But the measures the bankers implemented cannot be used forever. Sooner rather than later something will give in. The step by step, ad hoc and non-holistic approach of Fed and Treasury to crisis management has been a failure. . . . [P]lugging and filling one hole at [a] time is useless when the entire system of levies is collapsing in the perfect financial storm of the century. A much more radical, holistic and systemic approach to crisis management is now necessary,” says professor Nouriel Roubini. founder of Roubini Global Economics.

After turning the global economy into a service-based system, where no quality products are manufactured; after driving developing countries into massive debt while collapsing the economies of the western world, the bankers are ready for their last move: a one last crisis. According to the G20 communique, its members must cut their deficits by 2013, a process that already started. This process is supposed to end in 2016, when the nations should have stabilized their deficits. Cutting and then stabilizing deficits means that debtor countries will have to find a way to pay their debts in full to the IMF and World Bank according to the conditions imposed by those entities. Every country that does not pay in full will be liquidated and their resources will be automatically transferred to the globalist bankers. Imagine what happened to Argentina, Greece and Iceland in the last decade, but instead of being those countries, the debtors will be the United States, Spain, Portugal, England and Germany.

Bankrupt, United States ‘sells’ its Infrastructure

Danish, Australian and Spanish Companies Pay Pennies on the Dollar for Infrastructure

By Luis R. Miranda
The Real Agenda
April 27, 2007

If you are a commuter who drives in and out of New York City, or maybe on Indiana highways chances are you’ve heard about local Infrastructurebanking enterprises advising state and local governments on selling their transportation
system to foreign conglomerates and making a buck in the process. Well, let’s imagine you are a daily commuter who drives through the Holland Tunnel every morning and back out every evening. If Goldman Sachs or Morgan Stanley had their saying, you would be paying somewhere around $185 instead of what you pay now. See, the irresponsibility of local, state and federal governments has driven the country into bankruptcy, with a dollar that plunges deeper and deeper against foreign currencies, states that supposedly do not have money to maintain local roads or highway systems so they have to be sold to Spanish, Danish and Australian companies which pay a miserable price for the country’s infrastructure, but obtain lavish tax exemptions and little oversight.

As I mentioned earlier, these foreign companies cannot do it themselves, so they have the support of some of the biggest and more influential financial companies in the United States. The most prominent, Goldman Sachs. The smart pants bankers work hard to “advice” the governments to privatize their roads for which they receive juicy fees. While that is going on, they also pay lobbyist companies like Hillco Partners through J. McCartt -a former aide to Texas governor Rick Perry- to press local and state governments to sell their highways to companies like Cintra, Transurban and Zachry Construction or lobby the legislators themselves. If this wasn’t enough, the bankers also raise funds among parties who are interested in participating and getting a piece of the pie. These funds, of course, are not taxed thanks to the changes made to the tax code, which now allows bankers like Merryl Lynch and Morgan Stanley to come up with a cash box to invest in road projects, something only governments were able to do not too long ago.

This movement of privatizing everything seen as a burden started more or less during the Reagan years and has found a safe heaven during Bush’s seven years in Washington. It is the same type of behavior that allowed congressman Don Young to build his bridge to nowhere. But before I continue into the highway selling deals, let me put it in prospective. Why are local and state governments lacking the money to maintain the roads? Well, they certainly have money to spend in an illegal war, in law enforcement… the Pentagon even lost 12 billion dollars in a money transfer to Iraq! So how come, if everyone pays taxes, do we not have funds to finance the maintenance of our roads? Well, local and state officials waste the money you and I pay and then claim there aren’t enough funds to sustain the typical repays a road needs. Or better even, the cities and states do have enough money, but officials still promote privatization because they will make a buck or two in the process. This is the case of Texas governor, Rick Perry, who competes neck to neck with Indiana’s governor Mitch Daniels to see who provides more support to the project known as the NAFTA Superhighway, a project which includes the privatization of roads across the country in order to favor the commands of the Security and Prosperity Partnership (SPP) and the extensions of the North American Union (NAU) which president Bush signed into law in 2005. The NAU is an initiative supported by mainly by private groups like the Council on Foreign Relations (CFR) and its similars in Mexico and Canada. Their goal is to merge the North American block into a single political and economical beast through which people would be able to circulate without borders. In other words, the US, Mexico and Canada would lose their sovereignity as independent nations. Among other things, the initiative would require a highway system like the NAFTA Superhighway and policies which were written by non-governmental groups; better known as corporate tycoons.

Throughout the country there are projects to privatize everything. From the New Jersey, Ohio and Pennsylvania Turnpikes, the New York Thruway, highways and bridges in Alabama and Alaska, and of course Texas and Indiana. Let’s look at Indiana. The state received $3.8 billion from CINTRA and Macquaire Infrastructure Group (MIG) to lease the Indiana Toll Road for the next 75 years. The companies not only would be able to manage and raise the tolls at their discretion, but they also are exempt from taxes at the local and state levels. And if this wasn’t enough, calculations tell us that the companies would get a return of $11 billion. In Texas, the state transportation commission permitted a $1.3 billion deal so CINTRA could own and operate a 40 mile toll road out of Austin. In the meantime, Transurban paid around $500 million to lease Virginia’s Pocahontas Parkway for 99 years.

In case you haven’t notice anything wrong with this, because all you care is to have well-kept roads, let me make it clear. All these roads were paid for with your tax money and they have been paid in full already. What these companies are doing is paying the states with change, and obtaining absolute power over the country’s transportation system for two, three or four generations. In addition, they will make you pay many times over for infrastructure you already paid for and on top of that, the privatizations themselves are facilitators to forward the agendas of national and foreign corporations which intend to terminate the country as it exists today. By the way, they are way ahead already.

Phyllis Schlafly, a conservative activist, fought and continues to fight projects like the NAFTA Superhighway. “Why the rush to sell our transportation system? Following the money explains it all. Local and state governments pocket the money and get to spend it here and now, so politicians can cover their runaway budget deficits and enjoy the political rewards of spending for new facilities.”

Daniels just screwed the state of Indiana and the people of the state of Indiana. Private companies have the license to print money here. It’s a scam, basically. And you lose control of your transportation system,” says Representative Peter DeFazio, Democrat of Oregon and Chair of the House’s Subcommittee on Highways, Transit and Pipelines. Although Daniels claimed the privatization of the highways in the state as the “freeing of trapped value from an underperforming asset”, the truth is that he failed to appoint an independent financial analysis for the toll road privatization project. The bill Daniels introduced to allow the privatization of the highways, passed through after a strong debate and a complete disregard for what the population had to say. Those who did have much to say and continue to have a saying in these projects are the bankers. In the case of Goldman Sachs, representatives were shipped to at least 35 states to push for the privatization of highways. These banks, with their hundreds of lawyers and executives, and working along with construction companies attend conferences at places like the Waldorf Astoria in New York, where they talk about the trend of infrastructure privatization in the US. Statesmen and local officials also attend these conferences where they are sold the benefits these projects will bring to their local communities.

How do these bankers get so familiar with government officials or their aides? you probably ask. Well, many of these lobbyists are former government staffers or inversely are now former staffers who represent investment bankers in the privatization deals. One case is that of Jon Corzine, the governor of New Jersey, who was one of Goldman Sachs CEO’s and who in September organized a group of people to analize whether the garden state’s infrastructure should be leased or sold to private companies.

But if you thought privatization is only limited to roadways, you are in for a surprise. Everything from Healthcare to Social Security, from who feeds American troops to the operation of entire city halls, from public works to welfare. So why aren’t American companies taking care of our roads, Healthcare or Social Security? I do not have one answer. I believe it is so because they do not have the favor of the government as the foreign companies do. They have experience and know well how to manage government officials. These foreign companies are such experts, that most of the time they even ask for noncompete clauses, which limit government or smaller companies to fix existent roads or to build new ones. This not only gives companies more power to do whatever they want with the roads, but also eliminates the option commuters have to use alternate roads to visit family, friends or to travel between states.

Current roads will be turned into bottle necks which will force everyone to pay a toll no matter where you are driving to or from. Simply put, the privatization of roads and services previously overseen by the government will make this country and its people tenants not landlords, it will drive us all into a new version of feudalism; corporate feudalism. For those of you who think we already live in such a situation, you are right. We are submitted to feudalism through the production and consumption of mass produced goods. We need a new cellphone every year; it doesn’t matter if it fries our brains. We need to buy the 60′ plasma television, although most of the programming offered right now is not offered in HD. We replace our cars every two years, even though we could drive them many more years. Yes, we are part of a control grid that owns us through our consumerist lives. The difference with the massive privatization of roads and basic services is that we will be chained by our necessities; the water we need to drink, the food we do not grow ourselves, the medical care we need, prescription drugs we need -even though they are poison-, and the defense of the land, to cite a few.

One common characteristic the privatization projects have is that the contracts which the companies negotiate with the governments is kept secret. Governor Perry refused to release the details of his negotiations with CINTRA for the road that runs from Austin to Seguin. On the other hand we do know that Perry’s former legislative director, Dan Shelley, worked as a CINTRA consultant, before he became a staff member of Perry’s. This is how former lawyers, executives and lobbyists make their way from corporations to government and vice versa, while their fat pockets get larger and larger.

How do we correct this problem, the problem of corruption, the sale of our assets to foreigners; how do we defeat the control grid? The only peaceful tool we have in our hands is to VOTE. Just remember that in this country, we do not elect our president. We have the option to elect our delegates, who ultimately will have a say on who governs. Although that is bad news I do have good news too. This country was not made out of dust. In fact, that is why it is called the United States of America. The secret is the states. We must rise and take control of our local, regional and state governments. We must bring the government and the power back to the people. We must stop executives and lawyers from corporations from occupying public office, because their only commitment is with their former bosses, not with you or me. We face a new election in 2008. We need to elect delegates who will commit to the people, not to the corporations. Let’s unseat those who have failed us for the past 30 or more years. Let’s take power back!

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