Everyone's Going Bankrupt—all according to plan [John Zufelt]

3. maí 2010 | John Zufelt

If we look at the recent headlines of virtually any financial publication we'd care to pick up, we are swamped with information about debt defaults, credit rating downgrades, and the necessity for government cut-backs, that public benefits for the people like health care, education and pensions must be reduced in order for the country to borrow more money. How can it be that every country is going bankrupt at the same time?

How is this possible?

It is possible with a false and phony money system—money that is created out of thin air and issued as debt. If a person does their homework, we would find that private global bankers have succeeded in capturing the Central Banking Systems of virtually every country, and have become the issuers of the world's major currencies. It is how the money is created is the scam.

All money is issued as debt. Therefore we can say money equals debt, and debt equals money. If all debts were repaid, all money would disappear.

Think on that for a moment.

If you examine the existing money supply as of this very precise moment in time, it is all spoken for, it is all debt and must be repaid. Ok, here's where the scam comes in. When new money is created, it too is issued as debt and must be repaid with interest, but where is the money for the interest payments??

The answer is, the money for the interest payments does not exist, and therefore the debt can never be repaid. We do not notice this startling fact because we believe we can earn the interest payments out of the existing money supply. Wrong! The existing money supply is all debt owed to someone else.

In reality what ends up happening, is we have to fight with all the other debtors to get those interest payments out of an existing money supply that does not have enough money in it. So this crazy system guarantees bankruptcy and default on a global basis.

As the IMF circles around Iceland talking about giving 'aid', let us cut the bullshit and call it as it really is—more debt! Iceland is now bankrupt, and how exactly is the IMF going to change that situation? The IMF is not going to make your debts go away. The IMF is going to place you much, much deeper in debt. Why? To pay off your current creditors—the ones who cannot come upon the shores of Iceland and force you into servitude.

Let's use a little example. Iceland owes 100 ISK in debt. The IMF says they will lend you 200 ISK to get you out of this debt. At the end of the day, all you have done is doubled your debt, but with a big difference. Now your creditor is the US owned IMF, and they can and will come and take over your island.

This is happening all over the world, and an ignorant people along with corrupt politicians are allowing it to happen.

Money should not be created out of thin air and issued debt. Money should be something of real value to effect trade between people. The government of Iceland can create its own currency debt-free, as can the USA, and many other countries (but not the EU countries as they have lost their sovereignty and all their national rights).

We are currently in the middle of the greatest robbery in history—a monstrous wealth transfer taken from the people of the world, given to the global banksters, and the masses remain asleep.

I will close with an article posted by a friend on the website entitled:

Former Nazi Bank To Rule The Global Economy

If this were a movie plot it would be unbelievable. How could it possibly be that the most powerful nations in the western world be simultaneously defeated and taken over in a war that they didn't know was taking place. The people pillaged and taken into slavery without even complaining. Families destroyed without even a fight. That's what is happening right before our eyes but too few can see it to make any difference.

You won't see it on TV so it can't possibly exist so it can't be happening in the minds of most. They have been brainwashed and indoctrinated and they can no longer think critically. Psychological warfare; psyops, have been used to attack our belief systems, emotions, motives and reasoning. False flag attacks and senseless perpetual wars have numbed our hearts and souls. People have become ignorant, lazy and cowardly—we have betrayed ourselves and our families. This story is the most significant event in our lifetime, it is the defining moment of this generation.

European Central Bank chief Jean-Claude Trichet's announcement that the Bank for International Settlements is to become the primary engine for global governance is a shocking admission given the fact that this ultra-secretive menagerie of international bankers was once controlled by top Nazis who, in collusion with global central banks, funneled money through the institution which directly financed Hitler's war machine.

During a speech to the elitist CFR organization earlier this week, ECB head Trichet said that the Global Economy Meeting (GEM), which regularly meets at the BIS headquarters in Basel, "Has become the prime group for global governance among central banks".

The GEM is basically a policy steering committee under the umbrella of the Bank for International Settlements. In its current form, the BIS, which itself is not accountable to any national government, is comprised of banking chiefs from global central banks, most of which are private and also have no responsibility to their nation states or their citizens.

The United States exists in name only as we are no longer a sovereign nation. We have been ruled by the BIS for some time but now they are coming out in the open and dictating our futures in public. We give them the lives of our children to be used or extinguished in wars that only benefit the bankers. Our armies have become mass murderers, killing without cause or concern. They are not defending any country or any people.

Many will argue that this just isn't happening as they have been mentally neutered with a conspiracy phobia reinforced by political correctness and false patriotism.

The board of directors who control the BIS include Federal Reserve chief Ben Bernanke and Bank of England head Mervyn King, as well as Trichet himself.

So how did the Bank for International Settlements get started? The BIS was founded in 1930 by Governor of The Bank of England, Montague Norman and his German colleague Hjalmar Schacht, who later became Adolf Hitler's finance minister.

The bank was initially founded in order to facilitate money transfers related to German reparations arising out of the Treaty of Versailles, but by the start of the second world war, the BIS was largely controlled by top Nazi officials, people like Walter Funk>, who was appointed Nazi propaganda minister in 1933 before going on to become Hitler's Minister for Economic Affairs. Another BIS director during this period was Emil Puhl, who as director and vice-president of Germany's Reichsbank was responsible for moving Nazi gold. Both Funk and Puhl were convicted at the Nuremberg trials as war criminals.

Other BIS directors included Herman Schmitz, the director of IG Farben, whose subsidiary company manufactured Zyklon B, the pesticide used in Nazi concentration camp gas chambers to kill Jews and political dissidents during the Holocaust. IG Farben worked closely with John D. Rockefeller's United States-based Standard Oil Co during the second world war.

As Charles Higham's widely acclaimed book Trading With The Enemy, How the Allied multinationals supplied Nazi Germany throughout World War Two points out, several parties at the Bretton Woods Conference in July 1944 wanted to see the Bank for International Settlements liquidated, because its role in aiding Nazi Germany loot occupied European countries during the war. Norway called for the bank to be shut down, a view supported by Harry Dexter White, U.S. Secretary of the Treasury and Henry Morgenthau, but the BIS survived despite its Nazi influence.

Higham writes that the BIS became, "A money funnel for American and British funds to flow into Hitler's coffers and to help Hitler build up his machine," founded by Nazi finance minister Hjalmar Schacht on the basis that the "Institution that would retain channels of communication and collusion between the world's financial leaders even in the event of an international conflict. It was written into the Bank's charter, concurred in by the respective governments, that the BIS should be immune from seizure, closure or censure, whether or not its owners were at war."

"The BIS was completely under Hitler's control by the outbreak of World War II," writes Higham. "Among the directors under Thomas H. McKittrick were Hermann Shmitz, head of the colossal Nazi industrial trust I.G. Farben, Baron Kurt von Schroder, head of the J.H. Stein Bank of Cologne and a leading officer and financier of the Gestapo; Dr. Walther Funk of the Reichsbank, and, of course, Emil Puhl. These last two figures were Hitler's personal appointees to the board."

Higham details how the gold looted from countries invaded by the Nazis was packed into vaults controlled by the Bank for International Settlements, and how Nazis who controlled the bank then forbade any discussion of the theft.

"The BIS was an instrument of Hitler, but its continuing existence was approved by Great Britain even after that country went to war with Germany, and the British director Sir Otto Niemeyer, and chairman Montagu Norman, remained in office throughout the war," writes Higham, explaining how Washington State Congressman John M. Coffee objected to American money being invested with the bank in 1944.

"The Nazi government has 85 million Swiss gold francs deposit in the BIS. The majority of the board is made up of Nazi officials. Yet American money is being deposited in the Bank," complained Coffee.

Why would Great Britain and the United States financially support Hitler's war efforts? They had to know that the money and arms they were providing to Hitler was being used to kill our soldiers and to perpetuate crimes against humanity and genocide. The answer is quite obvious and well documented. The Bank of England, the Federal Reserve and Wall Street banks were and are all owned and controlled by the international banking cartel with the grand rulers being the House of Rothschild.

Hitler himself may well have been a Rothschild agent or maybe he was just another dupe. One thing for certain, he would never have risen without Rothschild approval. Rockefeller and J.P. Morgan were very powerful within the international banking cartel but they have always been working under the Rothschilds.

Prescot Bush, W's granddaddy and brother Bonesman, became a partner of Wall Street Brown Brothers Harriman & Co., Bank. And Prescott was a director of the Union Banking Corporation, an investment bank controlled by the Thyssen family, which was seized in October 1942 under the Trading with the Enemy Act as being owned by "enemy aliens." The assets were held by the government for the duration of the war, then returned afterward.

Surely this information must of come out during either Poppy's or W's bid for the Whitehouse? One would think Jewish voters or the WW2 veterans would take exception to Prescott's business dealing with the Nazis. The ADL (Anti Defense League) came to Bush's defense by stating that "Rumors about the alleged Nazi 'ties' of the late Prescott Bush … have circulated widely through the internet in recent years. These charges are untenable and politically motivated." History contradicts this statement but when you own and control the media you can make your own truth.

In 1948, the BIS was finally compelled to hand over a mere £4 million in looted Nazi gold to the allies, and thanks to people like Harry Truman and the Rockefeller family, the bank was not dissolved. One of its most influential directors, Nazi banker Emil Puhl was later invited to the United States as a guest of honor in 1950.

"By controlling foreign exchange currency, plus gold, the BIS can go a long way toward determining the economic conditions in any given country," writes Doug Casey. "Remember that the next time Ben Bernanke or European Central Bank President Jean-Claude Trichet announces an interest rate hike. You can bet it didn't happen without the concurrence of the BIS Board."

The BIS is basically a huge slush fund for global government through which secret transfers of wealth from citizens are surreptitiously handed to the IMF.

"For example, U.S. taxpayer monies can be passed through BIS to the IMF and from there anywhere. In essence, the BIS launders the money, since there is no specific accounting of where particular deposits came from and where they went," writes Casey

The fact that top Nazis were intimately involved in the activity of a global central bank that is now being touted as the primary powerhouse of the economic arm of world government is frightening. Every time we delve into the origins of the march towards world government, we find that top Nazis were instrumental in setting up and managing the same institutions that today seek to manage the imposition of global government.

Just as with the institutions that comprised the embryonic stages of the European Union, Nazi fingerprints are all over the origins of the move towards a global authority ruling the planet with nation states and sovereignty playing second fiddle. This fact demolishes any notion that global government is benevolent, humanitarian or progressive. Centralization of power into the hands of the few is inherently undemocratic, elitist, and to the detriment of the people.

The Nazis who breathed life into the same framework of global authoritarianism being used to set up world government today may have been usurped by an elite altogether more patient in their bid to impose a dictatorship run by banking dynasties, but the ultimate agenda remains the same—world government by consent or conquest.

This is not to say that the NWO is run by Nazi's—it would be more accurate to say that the NWO criminals created Nazism, Communism, Fascism and Monopoly Capitalism. All are based on their favorite form of totalitarian control—Feudalism.

"The Power of financial capitalism had [a] far reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.

The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks, which were themselves private corporations. Each central bank sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence co-operative politicians by subsequent rewards in the business world."

—Carrol Quigley, Tragedy and Hope, 1966