The Financial Missiles of the IMF that made sovereign countries indebted..
Posted on August 30th, 2014

By Garvin Karunaratne, Ph.D.(Michigan State University)

 Argentina is in the dog house once again. This time it is hounded by the Vultures”- the Hedge Funds  who have obtained a ruling from the US  Supreme  Court that the debts amounting to $ 1.5 billion on bonds has to be paid at full value immediately.  That decision made the Argentinian Economic Minister Kicillof remark that the Hedge Funds were Vultures as they refused to negotiate terms for payment and instead obtained the Court Order.

 Back to 2001,  Argentina  had a massive debt of $ 132 billion and failed to pay up. Then they had to freeze bank accounts, workers were not paid for months all because under the IMF’s neoliberal model- the Structural Adjustment  Programme(SAP) which Argentina had closely followed they did away with exchange controls, freed imports and allowed the people to raise foreign loans and when it came to paying  up the loans in foreign currency the economy crashed. . Then I wrote:

In its 2002 Budget Argentina agreed to implement budget cuts of  $ 8 billion, tighten the stomachs of the people further. This did not satisfy the IMF to release funds. Riots erupted and the Government of  President De La Rua gracefully resigned. Mounted Police charged the unarmed crowds and bullets rained in vain. (The Island: 3/1/2002)

 Since then Argentina tried hard and actually paid up all its dues to the IMF , but Two Hedge Funds –The Vultures led by a US billionaire – who snapped up Argentinan bonds at rock bottom prices following Argentina’s  $ 95 billion foreign debt default in 2001 (went to the US Supreme Court.) . The US Court in Washington decided that the debt should be paid in full”(Argentina fears new crisis as Vultures Circle after US Supreme Court ruling” in The Guardian 18/6/2014)

 Let us see what this Lesson holds for Third World Countries.

 Most Third World countries in the Fifties and Sixties  had sound economies, stable currencies, had no foreign debts and could meet their foreign commitments through   careful handling the foreign exchange they earned. Sri Lanka then even had funds to finance the Gal Oya Irrigation Project entirely without seeking any loans and so were Ghana, Tanzania  and all Third World countries. In fact it is on record that like in the case of Sri Lanka, in 1977, Tanzania  was advised, because it had ample reserves, (in the words of Cheryl Payer in Lent and Lost”): to abolish the foreign exchange budgeting system… lift controls on imports: and consequently by the end of 1978,  Tanzania had only reserves  for ten days worth of imports. Then the IMF imposed its Structural Adjustment reforms. Tanzania which had a stable self reliant economy was broken down and brought to its knees”(From my book: How the IMF Ruined Sri Lanka..”(Godages)

 This is exactly what happened to many other countries that followed the IMF policies.

Today these countries have for decades gone on the path dictated by the IMF to disband exchange controls, allow free imports, have a low tax regime, impose burdens on the poor through austerity measures and they all have economies that have in that process piled up an unbearable foreign debt- to service which- they have to raise further loans.  Today,  Sri Lanka is saddled with a massive foreign debt of around  $39 billion .  In fact a former Permanent Secretary Chandra Maliyadde commented that  that At the end of 1976 the total outstanding Aid to Sri Lanka was only $ 75 million.” This was then the foreign debt.  Referring to the current debt he questioned; how the external debt liability was increased by more than 500 times in 35 years?” (The  Island23/6/13) The answer is simple. Sri Lanka borrowed money and spent in on unnecessary imports, foreign travel and extravaganza- all as dictated by the IMF.

 The current situation of Third World countries is that all are indebted and have to adhere to open their economies further and further to investors from abroad, for them to come in and exploit the resources in the country and take away fat profits. The IMF’s solution was a new strategy called the Heavily Indebted Poor Countries Initiative(HIPC) by which they wrote off some debt, but in actual fact in writing off the debts they compelled the countries to open their economies for more exploitation by investors. When the IMF forgave the foreign debt of Ghana the new conditionality included forced privatization of water services and opening up agriculture for foreign companies. Though Ghana was given a reprieve of $ 4 billion in 2006, the liberal economy without exchange controls and free imports meant that by 2011 the foreign debt had balooned to $ 13.4 bn..

 What happened to the Third World countries is clear when we find that African countries got $ 540 billions in loans during 1970tro 2002,  paid back  $ 550 billion and was left with a debt of $ 295 billion. The situation of every country is that they have to pay debts eternally. For instance  as of 2004  Kenya had a debt of $ 6.8 billion and it sends back to the rich nations from whom the money was borrowed  a million dollars a day.

 How was this done? At first the IMF and the World Bank gave loans at low interest and with long grace periods to lure the countries into their ploy. The long grace periods meant that the leaders who took the loans were mostly out of office when the time came to pay up the loans. Again this exposes the sinister motives of the IMF to have agreed to such loans..

  Gradually the IMF and the World Bank backed out and the Governments were forced to get loans at even 8 % interest from commercial sources. Finding this too a difficult task the Governments have now resorted to raise foreign funds through issuing sovereign bonds.. Zambia launched a 10 Year Euro bond  for $ 750 million.  Ruwanda raised a bond of  $ 400 million. This list is endless.

 This is the current modus operandi of Third World Countries. The Central Banks have found an easy method of finding foreign funds by raising sovereign bonds, little knowing how they can ever be repaid as the funds are used for consumption purposes and not used in any developmental manner- i.e. a manner in which some foreign exchange expenditure will be saved or  foreign exchange will be produced.. It is important to note that  the Indian Government has resisted the temptation to issue foreign currency sovereign bonds.”(The Economic Times, 9/6/2014)

 In fact the African Department of the IMF  has issued a clear warning:

International Sovereign Bonds may not be the best option for  financing infrastructure investment and other funding options may need careful consideration”(Issuing International Sovereign Bonds: Opportunities and Challenges for Sub Saharan Africa”, IMF Africa Department, 2014/

 Many Countries have authorized Banks and other Government Institutions to raise foreign funds through bonds.    The funds thus raised are loaned to the Government for spending.

  Next the Governments have authorized private companies and even currency dealers to obtain foreign currency leans.  Indian companies had raised  $ 36.4 billion in 2014 and  $ 29.2 billion in 2013.(Business Standard:30/8/2014)   The Reserve Bank o India  has banned companies from borrowing abroad to pay local dues.(The Hindu Business Line:9/5/204)  The fact that loans from foreign countries can be obtained at less that 6% interest, while local loans are at a far higher interest- as much as 15 to 20% should have been known to the Central Banks.

 Sri Lanka’s Minister of Technology, Tissa Vitharana   has warned , Banks are getting caught in a severe debt trap by raising loans in international markets”(Sunday Times :22/6/2014)

Funds so raised are used for domestic use as inadvertently admitted by the CEO of Sri Lanka’s National Development Bank: NDB raised $ 200 million in 2014. A part of it was invested in Government Bonds… a part is swapped into Rupees but the majority was lent tro local companies with dollar income.”( Daily FT: 13/8/2014)

 The Central Banks call these highly irresponsible and ridiculous methods as prudent financial management.

 This is where what happened to Argentina comes into focus. There the crisis was loans not taken by the Government but bonds- when the economy crashed in 2002, the bonds had low values and were sold at discounted rates. In Russia when the economy broke down a dollar bond  was sold as low as 20 cents. This happened in Argentina too and the bonds were whipped up by the Hedge Funds who have now resorted to go to the US Supreme Court and obtain the  ruling that the bonds have to be paid at the full value and that done immediately. Argentina could  not meet that payment and that is the crisis today. President Kirchner is correct when she says that  Financial Missiles also Kill”.

 The IMF’s Structural Adjustment Programme(SAP) is actually a Financial Missile that kills. It kills people by taking over the foreign exchange earnings of a country and channeling it to get back to the Donors- the Developed Countries through imports, and other methods like foreign tours- all spent abroad. The IMF  denies the right of a sovereign country to handle its own foreign exchange earnings in the national interest; it binds the hands of sovereign governments by dictating that the foreign exchange has to be handled by the banks. Local banks are gradually closed down and foreign banks rule the roost. In fact the foreign currency that comes in is sold by the banks that collect it at a higher rate at their discretion. This did happen in Sri Lanka on 25/01/2001 when the State banks had to pay a large oil bill and their collection of foreign exchange was insufficient. They went with hat in hand to the other commercial banks  who increased their price- the rupee that was trading at Rs 85 to the dollar  went to Rs. 106 to the dollar and the Central Bank had to admit that it controlled only the domestic money supply and allows the market forces to determine the exchange rate”(The Island 17.02.2001  From How the IMF Ruined Sri Lanka..(Godages).  It is clear that in the intake of foreign exchange the banks- mostly foreign manipulate the exchange rate and even caused a devaluation!

 Devaluation of the currencies of the sovereign countries is inevitable in this process where the market forces(the banks that manipulate the values of the exchange rates, importers,  traders and multinationals) determine the exchange rate. When Sri lanka accepted the IMF’s conditionality in 1977 the local Rupee was devalued by over 100%, from Rs. 15.50 to the pound in 1977 October to Rs. 31.64 in 1978.  Currently the value is at Rs. 220.00 to the pound, kept at that level by careful manoeuvre -obtaining foreign loans as well as buying foreign exchange in the local market and feeding it into the system. This causes an increase in the foreign debt. When I went to Turkey on holiday and cashed a few pounds, I got  2,600,000 Lira to the pound and I could no longer carry the Lira in my purse. I had to take it in a small suitcase. The Turkish Lira has dropped in value from  Lira 336 to the pound in 1983  to Lira 2,640,000 to the pound in 2007 marking a drop of  787,000%. In 2014 August the value of the Lira is as much as 3,610,000 Lira to the pound. (3.61 New Lira to the pound, where the value of a New Lira is equal to one million old Lira). There are vast Expressways hardly used because people have no money to run in cars. The Ghana Cedi is today (2014) in distress. In  1965  1.04 Cedi equaled a  pound. . By 1980 there were 2.8 Cedi to the value of a pound and by 2007  the value was 9,300 Cedi to the pound.  In 2014 the value of one pound was as much as 51,000 Cedi ( 5.1 GHC).  In fact Ghana has had to stop foreign currency holders from withdrawing foreign funds from their own bank accounts. They can withdraw  only 6000 pounds and that too on evidence of foreign trips(BBC News, Africa, 6/2/14).

 Ghana  exports gold, cocoa,  bauxite and manganese and this is their source of foreign income. All these products are now reduced in value to the extent of the devaluation. One can imagine the low prices at which Third World countries have to sell their products.  There is no mechanism by which local prices are jacked up to combat the devaluation. The local produce is exported  at the original value and gets paid at the devalued rate.  This Devaluation mechanism of the IMF is meant to enable the Super Countries to obtain raw materials at low rates. The problem today is that our economists have failed to fathom the losses caused by the IMF to our countries through the neo liberal economics of Friedman which we all follow.

 Once the countries are in debt the countries have to dance to the tune of the IMF.  In  2004 the Minister of Finance in Zambia said, We are running the country,  but the budget is controlled by donors.:”(From: Fraser & Lungu, For Whom the Windfalls Winners and Losers in the Privatization of Zambia’s Copper Mines”2007)

 What Can be done?

The sovereign countries trusted the IMF and the World Bank and never thought of being misled in development. It is only after decades of implementing the SAP of the IMF that the countries find themselves steeped in foreign debt. The Central Banks of the countries that is staffed with the cream of economists are all mouthpieces of the IMF. The IMF retains  economists who can argue and bluff their way through. Even Professor Jeffery Sachs and Professor Joseph Stiglitz the main critics of the IMF & World Bank today were once in their pay and then they furthered the  IMF agenda of selling an economic system which makes the countries indebted. Both of them hold no recipe for bringing back the sovereign countries to become  self reliant economies. They actually colluded with the IMF to restructure the economies of the sovereign Third World Countries to make them contribute towards the economies of the Superpowers and get into foreign debt in the process.

 In the circumstances what is necessary is to find an algorithm that will enable the countries to get on their feet.

 In a speech before the UN General Assembly on 21/9/2004 President Kirchner of Argentina said: An urgent tough and structural redesign of the IMF is needed to prevent crisis and help solutions…..” The IMF must, change that direction which it took from being a lender for development to a creditor demanding privileges”.

 The immediate reply  from the Group of Seven Industrial Superpowers was  to warn Argentina.  They warned President Kirchner that Argentina had to come to an immediate debt restructuring agreement with creditors… and impose structural reforms to prove to the world financial community  that it deserved loans and investment” (Wikipedia)

 Actually Argentina has now paid back its dues to the IMF but is now hounded by the Hedge Fund Vultures.

 It is only President Rafael Corea of Equador  that has decided to take the bull by the horns. He had declared that the IMF has to be held responsible for putting the countries on  a path that led to the foreign indebtedness of the countries. And in comes  John Perkins  with complete proof. Perkins in Confessions of An Economic Hitman” has admitted working for a Multinational and drafting plans and programs which when implemented sends the foreign funds borrowed  back to the donors in various forms(consulting, travel extravaganza and through imports  etc.) leaving the country indebted to the extent of the loan. The manner in which the loan was disbursed sent off the funds to the Donor Countries leaving the burden of repaying the loan as a foreign debt! . President Corea has appointed a Commission to judge the foreign aid that was really meant for development and has refused to pay the rest that was intended to ruin the country and make the country indebted.

 It is hopeful that the BRICKS is establishing a new international bank and I hope the message in this Paper gets to them.

 To my mind, what has to be done is simple. Our leaders have to get back to controlling the foreign exchange they earn and use it in the national interest instead of enabling this hard earned foreign exchange obtained at high interest to fund the most elegant bathroom ceramics and such extravaganza that help the rich all increasing the national foreign debt.

 We have to have national planning back again to decide how the resources of the country have to be developed with employment creation aims and incomes for local entrepreneurs, instead of fat profits for foreign investors, who come in to exploit the country’s resources. It is sad that even in the distribution of water, the creation of hydo power foreign investors come in and create a situation which enable profits to flow from the Third World country to the foreign  investor for ever. .  .

 We have to have massive projects and programs that will enable the development of local resources, create local employment and see to the end of the youth- the cream of the country  going in search of menial work in the Developed Countries and sending back money to feed their relatives. The countries now look forward to these remittances. These Countries today pay more attention to obtaining these remittances and pay lip service to establishing projects and programmes to enable self reliant development. Perhaps their hands are tied  because they have to be in the good books of the IMF to enable investors to come in.

 As far as foreign exchange is concerned the golden rule is to ensure that every dollar borrowed will create foreign funds- in terms of developing local resources, obviating imports through implementing import substitution industries. If  any  Government borrows foreign funds  for local expenses it is paving the path for a major disaster. Banks and  government institutions should handle foreign borrowing on a strict basis and no outside source like companies and foreign exchange dealers should  be allowed to borrow from foreign sources.. It is sad if this is not realized.

 Today, in the entire world there is not a single University studying the neo liberal economics of Milton Friedman. Friedman died recently having taken almost all Third World Countries to ruin, exactly like the Pied Piper of Hamelin. Our leaders should take to create local research institutions that will grapple with the economy and not be subservient to the failing recipes provided by the IMF. These institutes should be charged with bringing about development- the economic algorithm that will succeed in annihilating poverty and enabling the development of resources in the national interest, ways and means of bringing about development(administrative strategies, community development  and non formal education methods). It is sad that there is not a single University anywhere that tackles this subject.  In this regard I recall the Comilla Program of Rural Development established by the Government of Bangladesh(then Pakistan and Michigan State University to find the quickest and best method to bring about development. That programme implemented in Kotwali Thana in ten years ushered a situation of full employment and doubled the yield of paddy. Today this Institute- The Academy for Rural Development  is active but is starved of funds to attract  high calibre researchers. However though this was achieved by an American university, this achievement was ignored by the IMF which wanted instead to milk dry the resources of the sovereign countries and restructure their economies to function like colonies, to contribute to the coffers of the Superpowers through its Structural Adjustment Programme which all countries have to follow.. 

 The sovereign Third World countries have been moved to become indebted by the IMF and have had their economies restructured to become the consumers of the products of the Developed Countries.

 It is important to note that the Friedman neo liberal model of development forced on the Third World by the IMF has lasted only a few decades from the Seventies to today and has already brought in its wake poverty and destitution- foreign debt and servitude to the Third World Countries and economic bankruptcy to the Developed Countries.

 It is necessary that a new algorithm for development- a New Model has to be created- and it is hoped that  the new BRICKS Bank will take on this mantle for development.

 Garvin Karunaratne, Ph.D. Michigan State University

Author of :

How the IMF Ruined Sri Lanka  and Alternative Programs of Success(Godages)

Papers on the Economic Development of Sri lanka(Godages)_

28 th August 2014

21 Responses to “The Financial Missiles of the IMF that made sovereign countries indebted..”

  1. aloy Says:

    Thank you Garvin for this illuminating article.
    As you said most third world countries are choked up with foreign debts. However we seem not affected. Probably because we have close to 2million expatriates (including yours truly) a 10% of total population, mostly our rural women toiling in middle east. Therefore the entities like WB, ADB and even the new colonialists like China and Japan fall over each other to provide more loans. There is a regular flow of foreign exchange flowing in and our financial wizards plots how to take the biggest chunk for the politicos and something for themselves.
    How much money ADB gave for Southern Expressway and how much was the cost at the end. I believe this and the katunayake expressway are the most expensive of their kind in the world. Our poor villagers do not understand the costs therefore they empower the same people over and over again thinking that they have done wonders. The result is that the poor people remains the same unless they are politicians at least in provincial level. Both ruling party and the main opposition are the same -thieves playing drama on TV for the entertainment so that the poor can forget their woes.

  2. Christie Says:

    The economic problems of countries like Ceylon and other Indian colonies is caused by the Indian imperialism. How much of our wealth ends up in India as I post this?

  3. Nanda Says:

    Every Sri Lankan should be given a Sinhala translation of this article.

    This is the absolute truth on IMF.

    Not mentioned here is WHO ARE THE INDIVIDUALS behind IMF. This murderous IMF is run by few individuals and families. It will be danger to life of the author to reveal these names.

    New Kelani Bridge was entirely built with our funds. An international tender was called. Our bugger unfortunately gave the job to Gammon India. They built a rubbish bridge with insufficient cover to rebar and very thin concrete. We had to do a major repair in the early 90s, as a result of poor design and build quality. A big TV was sent to the Consulting Engineer as a bribe ( on his request) during the repair project. This bugger was involved with the bridge construction too. Not sure how much money was given to politicians.

  4. AnuD Says:

    IMF and World Bank are well known to promote the interests of their major financiers. It is good that BRICS began their own bank. But, don’t expect that they are trying to save third world countries from these people. they are trying to protect their interests from the internationalized dollar which take a cut from every foreign transaction. So, it is free money doing nothing.

  5. Nalliah Thayabharan Says:

    The Rothschilds have been in control of the world for a very long time, their tentacles reaching into many aspects of our daily lives, as is documented in the following timeline. However, before you jump to the timeline, please read this invaluable introduction which will tell you who the Rothschilds are as oppose to who they claim to be.

    The Rothschilds claim that they are Jewish, when in fact they are Khazars. They are from a country called Khazaria, which occupied the land locked between the Black Sea and the Caspian Sea which is now predominantly occupied by Georgia. The reason the Rothschilds claim to be Jewish is that the Khazars under the instruction of the King, converted to the Jewish faith in 740 A.D., but of course that did not include converting their Asiatic Mongolian genes to the genes of the Jewish people.

    You will find that approximately 90% of people in the world today who call themselves Jews are actually Khazars, or as they like to be known, Ashkenazi Jews. These people knowingly lie to the world with their claims that the land of Israel is theirs by birthright, when in actual fact their real homeland is over 800 miles away in Georgia.

    So, next time you hear an Israeli Prime Minister bleating about the so-called persecution of the Jews, consider this, every Prime Minister of Israel has been an Ashkenazi Jew. Therefore when all these Prime Ministers have curried favour with the West for their re-establishment of a Jewish homeland, they have knowingly and deliberately lied to you, as they were never from that region, and they well know it, because it is they who call themselves Ashkenazi Jews.

    The Book of Revelation, Chapter 2, Verse 9, states the following which would appear to be about these Ashkenazi Jews:

    “I know thy works, and tribulation and poverty, (but thou art rich) and I know the blasphemy of them which say they are Jews, and are not, but are the synagogue of Satan.”

    The most wealthy bloodline in the world bar none and the leader of the Ashkenazi Jews in the world today is the Rothschild family. As you will see in the timeline, the Rothschilds have obtained this position through lies, manipulation and murder. Their bloodline also extends into the Royal Families of Europe, and the following family names: Astor; Bundy; Collins; duPont; Freeman; Kennedy; Morgan; Oppenheimer; Rockefeller; Sassoon; Schiff; Taft; and Van Duyn.

    However, these are not the only bloodlines to worry about. You are probably aware of the centuries old pratice undertaken by many Ashkenazi Jews whereby they would change their name, in order for them to appear part of the dominant race of the country in which they lived, so as they could obtain influential positions in that country, which they would then exploit to serve their real masters elsewhere. There is plenty of evidence to prove the Rothschilds continue that deceptive tradition.

    Furthermore the Rothschilds are known to sire many children secretly that they can put into positions of power when required. This started with the very first man who took the name Rothschild, who had a secret sixth son. Finally, remember the world is a diverse place, I could if I wanted change my name to Rothschild, or any of the names listed above, and that would not make me part of this family anymore than converting to Judaism in 740 A.D. will make these Ashkenazis Jewish.

    Please, therefore, do not automatically assume someone you see with the name Rothschild or any of the names listed above are part of the Rothschild criminal network. Furthermore and most importantly, the majority of Ashkenazi Jews are innocent and not part of this network. Check the facts out for yourself first, this article is designed to inform people who the enemy is, not single out people of a particular race or people with a particular surname, who may have nothing to do with this Rothschild criminal network.

    1743: Mayer Amschel Bauer, an Ashkenazi Jew, is born in Frankfurt, Germany, the son of Moses Amschel Bauer, a money lender and the proprietor of a counting house.

    Moses Amschel Bauer places a red sign above the entrance door to his counting house. This sign is a red hexagram (which geometrically and numerically translates into the number 666) which under Rothschild instruction will end up on the Israeli flag some two centuries later.

    1753: Gutle Schnaper, an Ashkenazi Jew (future wife of Mayer Amschel Bauer), born to respected merchant, Wolf Salomon Schnaper.

    1760: During this decade Mayer Amschel Bauer works for a bank owned by the Oppenheimers’ in Hanover, Germany. He is highly successful and becomes a junior partner. Whilst working at the bank he becomes acquainted with General von Estorff.

    Following his father’s death, Bauer returns to Frankfurt to take over his father’s business. Bauer recognises the significance of the red hexagram and changes his name from Bauer to Rothschild, after the red hexagram or sign signifying 666 hanging over the entrance door (“Rot,” is German for, “Red,” “Schild,” is German for, “Sign”).

    Now Mayer Amschel Rothschild, he discovers that General von Estorff is now attached to the court of Prince William IX of Hesse-Hanau, one of the richest royal houses in Europe, which gained its’ wealth by the hiring out of Hessian soldiers to foreign countries for vast profits (a practice that continues today in the form of exporting, “peacekeeping,” troops throughout the world).

    He therefore makes the General’s re-acquaintance on the pretext of selling him valuable coins and trinkets at discounted prices. As he plans, Rothschild is subsequently introduced to Prince William himself who is more than pleased with discounted prices he charges for his rare coins and trinkets, and Rothschild offers him a bonus for any other business the Prince can direct his way.

    Rothschild subsequently becomes close associates with Prince William, and ends up doing business with him and members of the court. He soon discovers that loaning money to governments and royalty is more profitable than loaning to individuals, as the loans are bigger and are secured by the nation’s taxes.

    1769: Mayer Amschel Rothschild is given permission by Prince William to hang a sign on the front of his business premises declaring that he is, “M. A. Rothschild, by appointment court factor to his serene highness, Prince William of Hanau.”

    1770: Mayer Amschel Rothschild draws up plans for the creation of the Illuminati and entrusts Ashkenazi Jew, Adam Weishaupt, a Crypto-Jew who was outwardly Roman Catholic, with its organization and development. The Illuminati is to be based upon the teachings of the Talmud, which is in turn, the teachings of Rabbinical Jews. It was to be called the Illuminati as this is a Luciferian term which means, keepers of the light.

    Mayer Amschel Rothschild marries Gutle Schnaper.

    1773: Amschel Mayer Rothschild born, the first of Mayer Amschel Rothschild’s sons. He like all his brothers who follow him, will enter the family business at the age of 12.

    1774: Salomon Mayer Rothschild born.

    1776: Adam Weishaupt officially completes his organisation of the Illuminati on May 1 of this year. The purpose of the Illuminati is to divide the goyim (all non-Jews) through political, economic, social, and religious means. The opposing sides were to be armed and incidents were to be provided in order for them to: fight amongst themselves; destroy national governments; destroy religious institutions; and eventually destroy each other.

    Weishaupt soon infiltrates the Continental Order of Freemasons with this Illuminati doctrine and establishes lodges of the Grand Orient to be their secret headquarters. This was all under the orders and finance of Mayer Amschel Rothschild and the concept has spread and is followed within Masonic Lodges worldwide to the present day.

    Weishaupt also recruits 2,000 paid followers including the most intelligent men in the field of arts and letters, education, science, finance,and industry. They were instructed to follow the following methods in order to control people.

    1) Use monetary and sex bribery to obtain control of men already in high places, in the various levels of all governments and other fields of endeavour. Once influential persons had fallen for the lies, deceits, and temptations of the Illuminati they were to be held in bondage by application of political and other forms of blackmail, threats of financial ruin, public exposure, and fiscal harm, even death to themselves and loved members of their families.

    2) The faculties of colleges and universities were to cultivate students possessing exceptional mental ability belonging to well-bred families with international leanings, and recommend them for special training in internationalism, or rather the notion that only a one-world government can put an end to recurring wars and strife. Such training was to be provided by granting scholarships to those selected by the Illuminati.

    3) All influential people trapped into coming under the control of the Illuminati, plus the students who had been specially educated and trained, were to be used as agents and placed behind the scenes of all governments as experts and specialists. This was so they would advise the top executives to adopt policies which would in the long-run serve the secret plans of the Illuminati one-world conspiracy and bring about the destruction of the governments and religions they were elected or appointed to serve.

    4) To obtain absolute-control of the press, at that time the only mass-communications media which distributed information to the public, so that all news and information could be slanted in order to make the masses believe that a one-world government is the only solution to our many and varied problems.

    1777: Nathan Mayer Rothschild born.

    1784: Adam Weishaupt issues his order for the French Revolution to be started by by Maximilien Robespierre in book form. This book was written by one of Weishaupt’s associates, Xavier Zwack, and sent by courier from Frankfurt to Paris. However en route there, the courier is struck by lightning, the book detailing this plan discovered by the police, and handed over to the Bavarian authorities.

    As a consequence, the Bavarian government orders the police to raid Weishaupt’s masonic lodges of the Grand Orient, and the homes of his most influential associates. Clearly, the Bavarian authorities were convinced that the book that was discovered was a very real threat by a private group of influential people, to use wars and revolutions to achieve their political ends.

    1785: The Bavarian government outlaw the Illuminati and close all the Bavarian lodges of the Grand Orient.

    Mayer Amschel Rothschild moves his family home to a five storey house in Frankfurt which he shares with the Schiff family.

    1786: The Bavarian government publish the details of the Illuminati plot in a document entitled, “The Original Writings of The Order and Sect of The Illuminati.” They then send this document to all the heads of church and state throughout Europe, but sadly their warning is ignored.

    1788: Kalmann (Carl) Mayer Rothschild Born.

    1789: Due to the European ignorance of the Bavarian government’s warning, the Illuminati’s plan for a French Revolution succeeded from this year to 1793. This revolution was a bankers’ dream, it established a new constitution and passed laws that forbade the Roman Church from levying tithes (taxes) and also removed its exemption from taxation.

    1790: Mayer Amschel Rothschild states,

    “Let me issue and control a nation’s money and I care not who writes the laws.”

    1791: The Rothschilds get, “control of a nation’s money,” through Alexander Hamilton (their agent in George Washington’s cabinet) when they set up a central bank in the USA called the First Bank of the United States. This is established with a 20 year charter.

    1792: Jacob (James) Mayer Rothschild born.

    1796: Amschel Mayer Rothschild marries Eva Hanau.

    1798: John Robison publishes a book entitled, “Proofs of a Conspiracy Against All the Religions and Governments of Europe Carried on in the Secret Meetings of Freemasons, Illuminati and Reading Societies.” In this book, Professor Robison of the University of Edinburgh, one of the leading intellects of his time, who in 1783 was elected general secretary of the Royal Society of Edinburgh, gave details of the whole Rothschild Illuminati plot.

    He advised how he had been a high degree mason in the Scottish Rite of Freemasonry, and had been invited by Adam Weishaupt to Europe, where he had been given a revised copy of Weishaupt’s conspiracy. However, although he pretended to go along with it, Professor Robison did not agree with it and therefore published his aforementioned book. The book included details of the Bavarian government’s investigation into the Illuminati and the French Revolution.

    That same year on July 19th, David Pappen, President of Harvard University, lectured the graduating class on the influence illuminism was having on American politics and religion.

    At the age of 21, Nathan Mayer Rothschild leaves Frankfurt for England, where with a large sum of money given to him by his father, he sets up a banking house in London.

    1800: Salomon Mayer Rothschild marries Caroline Stern.

    1806: Napolean states that it is his,

    “object to remove the house of Hess-Cassel from rulership and to strike it out of the list of powers.”

    On hearing this, Prince William IX of Hesse-Hanau, flees Germany, goes to Denmark and entrusts his fortune valued at $3,000,000 at that time to Mayer Amschel Rothschild for safekeeping.

    Nathan Mayer Rothschild marries Hannah Barent Cohen the daughter of a wealthy London merchant.

    1808: Nathan Mayer Rothschild has his first son born Lionel Nathan de Rothschild.

    1810: Sir Francis Baring and Abraham Goldsmid die. This leaves Nathan Mayer Rothschild as the remaining major banker in England.

    Salomon Mayer Rothschild goes to Vienna, Austria and sets up the bank, M. von Rothschild und Söhne.

    1811: The charter for the Rothschilds Bank of the United States runs out and Congress votes against its renewal. Nathan Mayer Rothschild is not amused and he states,

    “Either the application for renewal of the charter is granted, or the United States will find itself involved in a most disastrous war.”

    However the United States stands firm and the Charter is not renewed, which causes Nathan Mayer Rothschild to issue another threat,

    “Teach those impudent Americans a lesson. Bring them back to colonial status.”

    1812: Backed by Rothschild money, and Nathan Mayer Rothschild’s orders, the British declare war on the United States. The Rothschilds plan was to cause the United States to build up such a debt in fighting this war that they would have to surrender to the Rothschilds and allow the charter for the Rothschild owned First Bank of the United States to be renewed.

    Mayer Amschel Rothschild dies. In his will he lays out specific laws that the House of Rothschild were to follow: all key positions in the family business were only to be held by family members; only male members of the family were allowed to participate in the family business, this included a reported sixth secret bastard son (It is important to note that Mayer Amschel Rothschild also has five daughters, so today the spread of the Rothschild Zionist dynasty without the Rothschild name is far and wide, and Jews believe the mixed offspring of a Jewish mother is solely Jewish); the family was to intermarry with it’s first and second cousins to preserve the family fortune (of the 18 marriages by Mayer Amschel Rothschild’s grandchildren, 16 were between first cousins – a practice known today as inbreeding); no public inventory of his estate was to be published; no legal action was to be taken with regard to the value of the inheritance; the eldest son of the eldest son was to become the head of the family (this condition could only be overturned when the majority of the family agreed otherwise).

    This was straightaway the case and Nathan Mayer Rothschild was elected head of the family following his father, Mayer Amschel Rothschild’s death.

    Jacob (James) Mayer Rothschild goes to Paris, France to set up the bank, de Rothschild Frères.

    Nathaniel de Rothschild, the son in law of Jacob (James) Mayer Rothschild, born.

    1814: With regard to the $3,000,000 Prince William IX of Hesse-Hanau had entrusted to Mayer Amschel Rothschild for safekeeping, for an account of what happened next we turn to the Jewish Encyclopaedia, 1905 edition, Volume 10, page 494, which states,

    “According to legend this money was hidden away in wine casks, and, escaping the search of Napoleon’s soldiers when they entered Frankfurt, was restored intact in the same casks in 1814, when the elector (Prince William IX of Hesse-Hanau) returned to the electorate (Germany). The facts are somewhat less romantic, and more businesslike.”

    This last line indicates the money was never returned by Rothschild to Prince William IX of Hesse-Hanau. The encyclopaedia goes on to state,

    “Nathan Mayer Rothschild invested this $3,000,000 in, gold from the East India Company knowing that it would be needed for Wellington’s peninsula campaign.”

    On the stolen money Nathan made,

    “no less than four profits:

    i) On the sale of Wellington’s paper which he bought at 50 cents on the dollar and collected at par;
    ii) on the sale of gold to Wellington;
    iii) on its repurchase; and
    iv) on forwarding it to Portugal.”

    1815: The five Rothschild brothers work to supply gold to both Wellington’s army (through Nathan in England) and Napoleon’s army (through Jacob in France), and begin their policy of funding both sides in wars. The Rothschilds love wars because they are massive generators of risk free debt.

    This is because they are guaranteed by the government of a country, and therefore the efforts of the population of that country, and it doesn’t matter if that country loses the war because the loans are given on the guarantee that the victor will honour the debts of the vanquished.

    Whilst the Rothschilds are funding both sides in this war, they use the banks they have spread out across Europe to give them the opportunity to set up an unrivalled postal service network of secret routes and fast couriers. The post these couriers carried was to be opened up by these couriers and their details given to the Rothschilds so they always were one step ahead of current events.

    Furthermore, these Rothschild couriers were the only merchants allowed to pass through the English and French blockades. It was these couriers who also kept Nathan Mayer Rothschild up to date with how the war was going so he could use that intelligence to buy and sell from his position on the stock exchange in accordance with that intelligence.

    One of Rothschild’s couriers was a man named Rothworth. When the outcome of the Battle of Waterloo was won by the British, Rothworth took off for the Channel and was able to deliver this news to Nathan Mayer Rothschild, a full 24 hours before Wellington’s own courier.

    At that time British bonds were called consuls and they were traded on the floor of the stock exchange. Nathan Mayer Rothschild instructed all his workers on the floor to start selling consuls. The made all the other traders believe that the British had lost the war so they started selling frantically.

    Therefore the consuls plummeted in value which was when Nathan Mayer Rothschild discreetly instructed his workers to purchase all the consuls they could lay their hands on.

    When news came through that the British had actually won the war, the consuls went up to a level even higher than before the war ended leaving Nathan Mayer Rothschild with a return of approximately 20 to 1 on his investment.

    This gave the Rothschild family complete control of the British economy, now the financial centre of the world following Napolean’s defeat, and forced England to set up a new Bank of England, which Nathan Mayer Rothschild controlled.

    Interestingly 100 years later the New York Times would run a story stating that Nathan Mayer Rothschild’s grandson had attempted to secure a court order to suppress publication of a book which had this insider trading story in it. The Rothschild family claimed the story was untrue and libellous, but the court denied the Rothschilds request and ordered the family to pay all court costs.

    Back to 1815, this is the year Nathan Mayer Rothschild makes his famous statement,

    “I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain’s money supply controls the British Empire, and I control the British money supply.”

    He would go onto brag that in the 17 years he had been in England he had increased the £20,000 stake given to him by his father, 2500 times to £50 million.

    The Rothschilds also use their control of the Bank of England to replace the method of shipping gold from country to country and instead used their five banks spread across Europe to set up a system of paper debits and credits, the banking system of today.

    By the end of this century, a period of time that was known as the, “Age of the Rothschilds,” it is estimated that the Rothschild family controlled half the wealth of the world.

    However something that did not go well for the Rothschilds this year was the Congress of Vienna, which started in September, 1814 and concluded in June of this year. The reason for this Congress of Vienna, was for the Rothschilds to create a form of world government, to give them complete political control over much of the civilized world.

    Many of the European governments were in debt to the Rothschilds, so they figured they could use that as a bargaining tool. However the Tsar Alexander I of Russia, who had not succumbed to a Rothschild central bank, would not go along with the plan, so the Rothschild world government plan failed.

    Enraged by this, Nathan Mayer Rothschild swore that some day he or his descendants would destroy the Tsar Alexander I’s entire family and descendants. Unfortunately he was true to his word and 102 years later Rothschild funded Bolsheviks would act upon that promise.

    Interestingly, world government fanatic and Ashkenazi Jew, Henry Kissinger, did his doctoral dissertation on the Congress of Vienna.

    1816: The American Congress passes a bill permitting yet another Rothschild dominated central bank, which gives the Rothschilds control of the American money supply again. This is called the Second Bank of the United States and is given a twenty year charter. The British war against the America therefore ends with the deaths of thousands of British and American soldiers, but the Rothschilds get their bank.

    1818: Following the French securing massive loans in 1817 in order to help rebuild after their disastrous defeat at Waterloo, Rothschild agents bought vast amounts of French government bonds causing their value to increase.

    On November 5th they dumped the lot on the open market causing their value to plummet and France to go into a financial panic. The Rothschilds then stepped in to take control of the French money supply. This was the same year the Rothschilds were able to loan £5,000,000 to the Prussian government.

    1821: Kalmann (Carl) Mayer Rothschild was sent to Naples, Italy. He would end up doing a lot of business with the Vatican and Pope Gregory XVI subsequently conferred upon him the Order of St. George.

    Also, whenever the Pope received Kalmann, he would give him his hand rather than the customary toe to kiss, which showed the extent of Kalmann’s power over the Vatican.

    1822: The emperor of Austria made the five Rothschild brothers Barons. Nathan Mayer Rothschild chose not to take up the title.

    1823: The Rothschilds take over the financial operations of the Catholic Church, worldwide.

    1827: Sir Walter Scott publishes his nine volume set, The life of Napolean and in volume two he states that the French Revolution was planned by the Illuminati (Adam Weishaupt) and was financed by the money changers of Europe (The Rothschilds).

    1832: President Andrew Jackson (the 7th President of the United States from 1829 to 1837), runs the campaign for his second term in office under the slogan, “Jackson And No Bank!” This is in reference to his plan to take the control of the American money system to benefit the American people, not for the profiteering of the Rothschilds.

    1833: President Andrew Jackson starts removing the government’s deposits from the Rothschild controlled, Second Bank of the United States and instead deposits them into banks directed by democratic bankers.

    This causes the Rothschilds to panic and so they do what they do best, contract the money supply causing a depression. President Jackson knows what they are up to and later states,

    “You are a den of thieves vipers, and I intend to rout you out, and by the Eternal God, I will rout you out.”

    1834: The Italian revolutionary leader, Guiseppe Mazzini, is selected by the Illuminati to direct their revolutionary program throughout the world and would serve in that capacity until he died in 1872.

    1835: On January 30, an assassin tries to shoot President Jackson, but miraculously both of the assassin’s pistols misfired. President Jackson would later claim that he knew the Rothschilds were responsible for that attempted assassination. He is not the only one, the assassin, Richard Lawrence, who was found not guilty by reason of insanity, later bragged that powerful people in Europe had hired him and promised to protect him if he were caught.

    The Rothschilds acquire the rights in the Almadén quicksilver mines in Spain. This was at the time the biggest concession in the world and as quicksilver was a vital component in the refining of gold or silver this gave the Rothschilds a virtual world monopoly.

    1836: Following his years of fighting against the Rothschilds and their central bank in America, President Andrew Jackson finally succeeds in throwing the Rothschilds central bank out of America, when the bank’s charter is not renewed. It would not be until 1913 that the Rothschilds would be able to set up their third central bank in America, the Federal Reserve, and to ensure no mistakes are made, this time they will put one of their own bloodline, Jacob Schiff, in charge of the project.

    Nathan Mayer Rothschild dies and the control of his bank, N. M. Rothschild & Sons is passed on to his younger brother, James Mayer Rothschild.

    1837: The Rothschilds send one of their own, August Belmont, an Ashkenazi Jew, to America to salvage their banking interests defeated by President Andrew Jackson.

    1840: The Rothschilds become the Bank of England’s bullion brokers. They set up agencies in California and Australia.

    1841: President John Tyler (the 10th President of the United States From 1841 to 1845) vetoed the act to renew the charter for the Bank of the United States. He goes on to receive hundreds of letters threatening him with assassination.

    1844: Salomon Mayer Rothschild purchases the United Coal Mines of Vítkovice and Austro-Hungarian Blast Furnace Company that would go on to be one of the top ten global industrial concerns.

    Benjamin Disraeli, an Ashkenazi Jew (who would go on to become British Prime Minister twice – the only admitted Ashkenazi Jew to do so) publishes Coningsby, in which he characterises Nathan Mayer Rothschild as,

    “the Lord and Master of the money markets of the world, and of course virtually Lord and Master of everything else. He literally held the revenues of Southern Italy in pawn, and Monarchs and Ministers of all countries courted his advice and were guided by his suggestions.”

    1845: The Great American Patriot, Andrew Jackson (7th President of the United States) dies.

    Before his death he is asked what he regarded his as greatest achievement. He replies without hesitation,

    “I Killed The Bank,”

    This is in reference to the fact he banished the Rothschilds Second Bank of the United States in 1836.

    Jacob (James) Mayer Rothschild (who by now had married his niece, Betty, Salomon Mayer Rothschild’s daughter), now known as Baron James de Rothschild, wins the contract to build the first major railway line across the country.

    This was called the Chemin De Fer Du Nord and ran initially from Paris to Valenciennes and then joined with the Austrian rail network built by his brother (and wife’s father – all sounds a bit sordid doesn’t it) Salomon Mayer Rothschild.

    1847: Lionel De Rothschild now married to the daughter of his uncle, Kalmann (Carl) Mayer Rothschild, is elected to the parliamentary seat for the City of London.

    A requirement for entering parliament was to take an oath in the true faith of a Christian. Lionel De Rothschild refused to do this as he was Jewish and his seat in parliament remained empty for 11 years until new oaths were allowed. He must have been an invaluable representative for his constituency, bearing in mind he could never vote on any bill as he never entered parliament! I wonder how he managed to keep his parliamentary seat for 11 years?

    1848: Karl Marx, an Ashkenazi Jew, publishes, “The Communist Manifesto.” Interestingly at the same time as he is working on this, Karl Ritter of Frankfurt University was writing the antithesis which would form the basis for Freidrich Wilhelm Nietzsche’s, “Nietzscheanism.” This Nietzecheanism was later developed into Fascism and then into Nazism and was used to forment the first and second world wars.

    Marx, Ritter, and Nietzsche were all funded and under the instruction of the Rothschilds. The idea was that those who direct the overall conspiracy could use the differences in those two so-called ideologies to enable them to divide larger and larger factions of the human race into opposing camps so that they could be armed and then brainwashed into fighting and destroying each other, and particularly, to destroy all political and religious institutions. The same plan put forward by Weishaupt in 1776.

    Eva Hanau, Amschel Mayer Rothschild’s wife dies.

    1849: Gutle Schnaper, Mayer Amschel Rothschild’s wife dies. Before her death she would nonchalantly state,

    “If my sons did not want wars, there would be none.”

    1850: Construction begins this decade on the manor houses of Mentmore in England and Ferrières in France, more Rothschilds Manors will follow throughout the world, all of them filled with works of art.

    Jacob (James) Rothschild in France is said to be worth 600 million francs, which at the time was 150 million francs more than all the other bankers in France put together.

    1852: N.M. Rothschild & Sons begins refining gold and silver for the Royal Mint and the Bank of England and other international customers.

    1853: Nathaniel de Rothschild, the son in law of Jacob (James) Mayer Rothschild, purchases Château Brane Mouton, the Bordeaux vineyard of Mouton, and renames it Château Mouton Rothschild.

    1854: Caroline Stern, Salomon Mayer Rothschild’s wife, dies.

    1855: Amschel Mayer Rothschild dies.

    Salomon Mayer Rothschild dies.

    Kalmann (Carl) Mayer Rothschild dies.

    1858: Lionel De Rothschild finally takes his seat in parliament when the requirement to take an oath in the true faith of a Christian is broadened to include other oaths. He becomes the first Jewish member of the British parliament.

    1861: President Abraham Lincoln (16th President of the United States from 1860 till his assassination in 1865) approaches the big banks in New York to try to obtain loans to support the ongoing American civil war. As these large banks were heavily under the influence of the Rothschilds, they offer him a deal they know he cannot accept, 24% to 36% interest on all monies loaned.

    Lincoln is very angry about this high level of interest and so he prints his own debt free money and informs the public that this is now legal tender for both public and private debts.

    1862: By April $449,338,902 worth of Lincoln’s debt free money has been printed and distributed. He states of this,

    “We gave the people of this republic the greatest blessing they ever had, their own paper money to pay their own debts.”

    That same year The Times of London publishes a story containing the following statement,

    “If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce.

    It will become prosperous beyond precedent in the history of civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.”

    1863: President Abraham Lincoln discovers the Tsar of Russia, Alexander II (1855 – 1881), was having problems with the Rothschilds as well as he was refusing their continual attempts to set up a central bank in Russia. The Tsar then gives President Lincoln some unexpected help.

    The Tsar issued orders that if either England or France actively intervened in the American Civil War, and help the South, Russia would consider such action a declaration of war, and take the side of President Lincoln. To show that he wasn’t messing about, he sent part of his Pacific Fleet to port in San Francisco and another part to New York.

    The Rothschild banking house in Naples, Italy, C. M. de Rothschild e figli, closes following the unification of Italy. The Rothschilds use one of their own in America, John D. Rockefeller, to form an oil business called Standard Oil which eventually takes over all of its competition.

    1864: Rothschild, August Belmont, who by now is the Democratic Party’s National Chairman, supports General George McClellan as the Democratic nominee to run against President Abraham Lincoln in this year’s election. Much to the anger of Belmont, President Lincoln wins the election.

    1865: In a statement to Congress, President Abraham Lincoln states,

    “I have two great enemies, the Southern Army in front of me, and the financial institutions in the rear. Of the two, the one in my rear is my greatest foe.”

    Later that year, on April 14, President Lincoln is assassinated, less than two months before the end of the American Civil War.

    Following a brief training period in the Rothschilds London Bank, Jacob Schiff, a Rothschild, born in their house in Frankfurt, arrives in America at the age of 18, with instructions and the finance necessary to buy into a banking house there. The purpose of this was to carry out the following tasks.

    1. Gain control of America’s money system through the establishment of a central bank.
    2. Find desirable men, who for a price, would be willing to serve as stooges for the Illuminati and promote them into high places in the federal government, the Congress, Supreme Court, and all the federal agencies.
    3. Create minority group strife throughout the nations, particularly targeting the whites and blacks.
    4. Create a movement to destroy religion in the United States, with Christianity as the main target.

    Nathaniel de Rothschild becomes Member of Parliament for Aylesbury in Buckinghamshire.

    1868: Jacob (James) Mayer Rothschild dies, shortly after purchasing Château Lafite, one of the four great premier grand cru estates of France. He is the last of Mayer Amschel Rothschild’s sons to die.

    1870: Nathaniel de Rothschild dies.

    1871: An American General named, Albert Pike, who had been enticed into the Illuminati by Guissepe Mazzini, completes his military blueprint for three world wars and various revolutions throughout the world, culminating into moving this great conspiracy into its final stage.

    The first world war is to be fought for the purpose of destroying the Tsar in Russia,as promised by Nathan Mayer Rothschild in 1815. The Tsar is to be replaced with communism which is to be used to attack religions, predominantly Christianity. The differences between the British and German empires are to be used to forment this war.

    The second world war is to be used to forment the controversy between facism and political zionism with the slaughter of Jews in Germany a lynchpin in bringing hatred against the German people. This is designed to destroy fascism (which the Rothschilds created) and increase the power of political zionism. This war is also designed to increase the power of communism to the level that it equalled that of united Christendom.

    The third world war is to be played out by stirring up hatred of the Muslim world for the purposes of playing the Islamic world and the political zionists off against one another. Whilst this is going on, the remaining nations would be forced to fight themselves into a state of mental, physical, spiritual and economic exhaustion.

    On August 15th of this year, Albert Pike writes a letter (now catalogued in the British Museum) to Guiseppe Mazzini in which he states the following,

    “We shall unleash the nihilists and the atheists and we shall provoke a great social cataclysm which in all its horror will show clearly to all nations the effect of absolute atheism; the origins of savagery and of most bloody turmoil.

    Then everywhere, the people will be forced to defend themselves against the world minority of the world revolutionaries and will exterminate those destroyers of civilization and the multitudes disillusioned with Christianity whose spirits will be from that moment without direction and leadership and anxious for an ideal, but without knowledge where to send its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer brought finally out into public view.

    A manifestation which will result from a general reactionary movement which will follow the destruction of Christianity and Atheism; both conquered and exterminated at the same time.”

    Pike, who having been elected as Sovereign Grand Commander of the Scottish Rite of Freemasonry’s Southern Jurisdiction in 1859, was the most powerful Freemason in America. He would retain that post for 32 years until his death in 1891. He also published a book on the subject in 1872 entitled, “Morals and Dogma of the Ancient and Accepted Scottish Rite of Freemasonry,” in which he candidly states the following,

    “LUCIFER, the Light-bearer! Strange and mysterious name to give to the Spirit of Darknesss! Lucifer, the Son of the Morning! Is it he who bears the Light, and with its splendors intolerable blinds feeble, sensual or selfish Souls? Doubt it not!”

    1872: Prior to Guiseppe Mazzini’s death this year, he makes another revolutionary leader named Adrian Lemmy his successor. Lemmy will be subsequently succeeded by Lenin and Trotsky, then by Stalin. The revolutionary activities of all these men are financed by the Rothschilds.

    1873: The loss making Rio Tinto copper mines in Spain, are purchased by a group of foreign financiers including the Rothschilds. These mines represented Europe’s largest source of copper.

    1875: On January 1 of this year Jacob Schiff, now Solomon Loeb’s son-in-law after marrying his daughter, Teresa, takes control of the banking house, Kuhn, Loeb & Co. He goes on to finance John D. Rockefeller’s Standard Oil Company, Edward R. Harriman’s Railroad Empire, and Andrew Carnegie’s Steel Empire. This is all with Rothschild money.

    He then identifies the other largest bankers in America at that time. They are, J.P. Morgan who controls Wall Street, and the Drexels and the Biddles of Philadelphia. All the other financiers, big and little, danced to the music of those three houses. Schiff then gets the European Rothschilds to set up European branches of these three large banks on the understanding that Schiff, and therefore Rothschild, is to be the boss of banking in New York and therefore America.

    N M Rothschild & Sons undertake a share issue to raise capital for the first channel tunnel project to link France to England, with half of its capital coming from the Rothschild owned Compagnie du Chemin de Fer du Nord.

    This year Lionel De Rothschild also loans Prime Minister Benjamin Disraeli the finance for the British government to purchase the shares in the Suez Canal, from Khedive Said of Egypt. This was done as the Rothschilds needed this access route to be held by a government they controlled, so they could use that government’s military to protect their huge business interests in the Middle East.

    1876: Otto von Bismarck states,

    “The division of the United States into two federations of equal force was decided long before the civil war by the high financial power of Europe. These bankers were afraid that the United States, if they remained in one block and as one nation, would attain economical and financial independence, which would upset their financial domination over the world.

    The voice of the Rothschilds predominated. They foresaw the tremendous booty if they could substitute two feeble democracies, indebted to the financiers, to the vigorous Republic, confident and self-providing.

    Therefore they started their emissaries in order to exploit the question of slavery and thus dig an abyss between the two parts of the Republic.”

    1879: Lionel de Rothschild dies.

    1880: Rothschild agents begin formenting a series of pogroms predominantly in Russia, but also in Poland, Bulgaria and Romania. These pogroms resulted in the slaughter of thousands of innocent Jews, causing approximately 2 million to flee, mainly to New York, but also to Chicago, Philadelphia, Boston and Los Angeles.

    The reason these pogroms were initiated, was to create a large Jewish base in America, who when they arrived, would be educated to register as Democrat voters. Some twenty years later, this would result in in a massive Democratic power base in the United States and be used to elect Rothschild front men such as Woodrow Wilson, to the Presidency, to carry out the bidding of the Rothschilds.

    1881: President James A. Garfield (The 20th President of the United States who lasted only 100 Days) states two weeks before he is assassinated,

    “Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

    Edmond James de Rothschild has a son Maurice de Rothschild.

    1883: After 6,000 feet of tunnel in the channel tunnel project being excavated, the British government halt the project citing the fact that it would be a threat to Britain’s security.

    1885: Nathaniel Rothschild, son of Lionel De Rothschild, becomes the first Jewish peer and is takes the title of Lord Rothschild.

    1886: The French Rothschild bank, de Rothschild Frères obtains substantial amounts of Russia’s oil fields and forms the Caspian and Black Sea Petroleum Company, which quickly becomes the world’s second largest oil producer.

    1887: Opium trafficker in China, Edward Albert Sassoon, marries Aline Caroline de Rothschild, the grand-daughter of Jacob (James) Mayer Rothschild. Aline Caroline’s father, Gustave, together with his brother, Alphonse, took over the Rothschild’s french arm following their father Jacob’s death.

    The Rothschilds finance the amalgamation of the Kimberley diamond mines in South Africa. They subsequently become the biggest shareholders of this company, De Beers, and mine precious stones in Africa and India.

    1888: Noémie Halphen, future wife of Maurice de Rothschild born.

    1891: The British Labour Leader makes the following statement on the subject of the Rothschilds,

    “This blood-sucking crew has been the cause of untold mischief and misery in Europe during the present century, and has piled up its prodigious wealth chiefly through fomenting wars between States which ought never to have quarrelled.

    Whenever there is trouble in Europe, wherever rumours of war circulate and men’s minds are distraught with fear of change and calamity you may be sure that a hook-nosed Rothschild is at his games somewhere near the region of the disturbance.”

    Comments like this worry the Rothschilds and towards the end of the 1800’s they purchase Reuters news agency so they can have some control of the media.

    1895: Edmond James de Rothschild the youngest son of Jacob (James) Mayer Rothschild visits Palestine and subsequently supplies the funds to found the first Jewish colonies there, this is to further their long term objective of creating a Rothschild owned country.

    1897: The Rothschilds found the Zionist Congress to promote Zionism (a political movement with the sole aim of moving all Jews into a singularly Jewish nation state) and arrange its first meeting in Munich. However due to extreme opposition from local Jews, who are quite happy where they are, this meeting has to be moved to Basle, Switzerland and takes place on 29 August. The meeting is chaired by Ashkenazi Jew, Theodor Herzl, who would state in his diaries,

    “It is essential that the sufferings of Jews….become worse….this will assist in realization of our plans….I have an excellent idea….I shall induce anti-Semites to liquidate Jewish wealth….The anti-Semites will assist us thereby in that they will strengthen the persecution and oppression of Jews. The anti-Semites shall be our best friends.”

    Herzl is subsequently elected President of the Zionist Organisation which adopts the, “Rothschild Red Hexagram or Sign,” as the Zionist flag which 51 years later will end up as the flag of Israel.

    Edward Henry Harriman becomes a director of the Union Pacific Railroad and goes on to take control of the Southern Pacific Railroad. This is all financed by the Rothschilds.

    1898: Ferdinand de Rothschild dies.

    1901: The Jews from the colonies set up in Palestine by Edmond James de Rothschild, send a delegation to him which tell him,

    “If you wish to save the Yishuv (The Jewish settlement) first take your hands from it, and…for once permit the colonists to have the possibility of correcting for themselves what needs correcting.”

    Edmond James de Rothschild is very angry about this and states,

    “I created the Yishuv, I alone. Therefore no men, neither colonists nor organisations have the right to interfere in my plans.”

    The Rothschild banking house in Frankfurt, Germany, M. A. von Rothschild und Söhne, closes as there is no male Rothschild heir to take it on.

    1902: Philippe de Rothschild born.

    1905: A group of Rothschild backed Zionist Jews led by Georgi Apollonovich Gapon attempt to overthrow the Tsar in Russia in a Communist Coup. They fail and are forced to flee Russia only to be given refuge in Germany.

    The Jewish Encyclopaedia (Vol. 2, p.497) states,

    “It is a somewhat curious sequel to the attempt to set up a Catholic competitor to the Rothschilds that at the present time the latter are the guardians of the papal treasure.”

    1906: The Rothschilds claim that due to growing instability in the region and increasing competition from Rockefeller (the Rockefeller family are Rothschild descendants through a female bloodline) owned Standard Oil, this is why they sell their Caspian and Black Sea Petroleum Company to Royal Dutch and Shell. This is another example of the Rothschilds trying to hide their true wealth.

    1907: Rothschild, Jacob Schiff, the head of Kuhn, Loeb and Co., in a speech to the New York Chamber of Commerce, warns that,

    “Unless we have a Central Bank with adequate control of credit resources, this country is going to undergo the most severe and far reaching money panic in its history.”

    Suddenly America finds itself in the middle of another typical run of the mill Rothschild engineered financial crisis, which ruins as usual ruins the lives of millions of innocent people throughout America and makes billions for the Rothschilds.

    1909: Jacob Schiff founds the National Advancement for the Association of the Coloured People (NAACP). This was done to incite black people into roiting, looting and other forms of disorder, in order to cause a rift between the black and white communities. Jewish historian, Howard Sachar, states the following in his book, “A History of the Jews in America,”

    “In 1914, Professor Emeritus Joel Spingarn of Columbia University became chairman of the NAACP and recruited for its board such Jewish leaders as Jacob Schiff, Jacob Billikopf, and Rabbi Stephen Wise.”

    Other Ashkenazi Jew co-founders included Julius Rosenthal, Lillian Wald and Rabbi Emil G. Hirsch. It was not until 1920 that the NAACP appointed its first black president, James Weldon Johnson.

    Maurice de Rothschild marries Ashkenazi Jew, Noémie Halphen.

    1911: Werner Sombart, in his book, “The Jews and Modern Capitalism,” stated that from 1820 on, it was the,

    “Age of the Rothschild,” and concluded that there was, “Only one power in Europe, and that is Rothschild.”

    1912: In the December issue of, “Truth,” magazine, George R. Conroy states of banker Jacob Schiff,

    “Mr Schiff is head of the great private banking house of Kuhn, Loeb, and co, which represents the Rothschilds interests on this side of the Atlantic.

    He has been described as financial strategist and has been for years the financial minister of the great impersonal power known as Standard Oil.

    He was hand in glove with the Harrimans, the Goulds, and the Rockefellers in all their railroad enterprises and has become the dominant power in the railroad and financial power of America.”

    1913: On March 4, Woodrow Wilson is elected the 28th President of the United States. Shortly after he is inaugurated, he is visited in the White House by Ashkenazi Jew, Samuel Untermyer, of law firm, Guggenheim, Untermyer, and Marshall, who tries to blackmail him for the sum of $40,000 in relation to an affair Wilson had whilst he was a professor at Princeton University, with a fellow professor’s wife.

    President Wilson does not have the money, so Untermyer volunteers to pay the $40,000 out of his own pocket to the woman Wilson had had the affair with, on the condition that Wilson promise to appoint to the first vacancy on the United States Supreme Court a nominee to be recommended to President Wilson by Untermyer. Wilson agrees to this.

    Jacob Schiff sets up the Anti Defamation League (ADL) in the United States. This organisation is formed to slander anyone who questions or challenges the Rothschild global conspiracy as, “anti-semitic.”

    Strangely enough, the same year that they do this they also set up their last and current central bank in America, the Federal Reserve. Congressman Charles Lindbergh stated following the passing of the Federal Reserve Act on December 23,

    “The Act establishes the most gigantic trust on earth. When the President signs this Bill, the invisible government of the monetary power will be legalized…….The greatest crime of the ages is perpetrated by this banking and currency bill.”

    It is important to note that the Federal Reserve is a private company, it is neither Federal nor does it have any Reserve. It is conservatively estimated that profits exceed $150 billion per year and the Federal Reserve has never once in its history published accounts.

    1914: The start of World War I. In this war, the German Rothschilds loan money to the Germans, the British Rothschilds loan money to the British, and the French Rothschilds loan money to the French.

    Futhermore, the Rothschilds have control of the three European news agencies, Wolff (est. 1849) in Germany, Reuters (est. 1851) in England, and Havas (est. 1835) in France.

    The Rothschilds use Wolff to manipulate the German people into a fervour for war. From around this time, the Rothschilds are rarely reported in the media, because they own the media.

    1916: On June 4, Ashkenazi Jew, Louis Dembitz Brandeis is appointed to the Supreme Court of the United States by President Wilson as per his agreed blackmail payment to Samuel Untermyer some three years earlier. Justice Brandeis is also the elected leader of the Executive Committee for Zionist Affairs, a position he has held since 1914.

    The middle of World War II. Germany were winning the war as they were being financed by the Rothschilds to a greater extent than France, Italy and England, because Rothschilds, did not want to support the Tsar in Russia, and of course Russia was on the same side as France, Italy and England.

    Then a significant event occurred. Germany, although they were winning the war and not one foreign soldier had set foot on their soil, offered armistice to Britain with no requirement of reparations. The Rothschilds were anxious to make sure this didn’t happen as they were expecting to make far more money off this war, so they played another card they had up their sleeve.

    Whilst the British were considering Germany’s offer, Rothschild agent Louis Brandeis sends a Zionist delegation from America to Britain to promise to bring America into the war on the side of the British, provided the British agree to give the land of Palestine to the Rothschilds.

    The Rothschilds wanted Palestine for the following reason. They had great business interests in the far east and desired their own state in that area along with their own military which they could use as an aggressor to any state that threatened those interests.

    The British subsequently agree to the deal for Palestine and the Zionists in London contact their counterparts in America and inform them of this fact. Suddenly all the major newspapers in America that up to that point had been pro-German turned on Germany running propaganda pieces such as: German soldiers were killing Red Cross Nurses; German soldiers were cutting off babies hands, etc, in order to manipulate the American public against the Germans.

    This same year, President Woodrow Wilson, ran a re-election campaign under the slogan, “Re-Elect The Man Who Will Keep Your Sons Out Of The War.”

    On December 12, Germany and her allies offer peace terms to end the war.

    1917: As a result of Germany’s offer of peace the Rothschild war machine goes into overdrive in America, spreading propaganda which leads to President Wilson under the instructions of American Zionist leader and Supreme Court Justice, Louis Dembitz Brandeis, reneging on his promise to the electorate and taking America into the first world war on April 6.

    As per the Rothschild Zionist promise to the British, to take America into the war, they decide they want something in writing from the British to prove that they will uphold their side of the bargain. The British Foreign Secretary, Arthur James Balfour therefore drafts a letter which is commonly known as the, “Balfour Declaration,” which is reprinted below.

    Foreign Office

    November 2nd, 1917

    Dear Lord Rothschild,

    I have much pleasure in conveying to you, on behalf of His Majesty’s Government, the following declaration of sympathy with Jewish Zionist aspirations which has been submitted to, and approved by, the Cabinet.

    His Majesty’s Government view with favour the establishment in Palestine of a national home for the Jewish people, and will use their best endeavours to facilitate the achievement of this object, it being clearly understood that nothing shall be done which may prejudice the civil and religious rights of existing non-Jewish communities in Palestine, or the rights and political status enjoyed by Jews in any other country.

    I should be grateful if you would bring this declaration to the knowledge of the Zionist Federation.

    Yours sincerely,

    Arthur James Balfour

    The Rothschilds order the execution by the Bolsheviks they control, of Tsar Nicholas II and his entire family in Russia, even though the Tsar had already abdicated on March 2. This is both to get control of the country and an act of revenge for Tsar Alexander I blocking their world government plan in 1815 at the Congress Of Vienna, and Tsar Alexander II siding with President Abraham Lincoln in 1864.

    It is extremely important for them to slaughter the entire family including women and children in order to make good on the promise to do so made by Nathan Mayer Rothschild in 1815. It is designed to show the world what happens if you ever attempt to cross the Rothschilds.

    U.S. Congressman Oscar Callaway informs Congress that J. P. Morgan is a Rothschild front and has taken control of the American media industry. He states,

    “In March, 1915, the J.P. Morgan interests, the steel, shipbuilding, and powder interest, and their subsidiary organizations, got together 12 men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press…

    …They found it was only necessary to purchase the control of 25 of the greatest papers…An agreement was reached. The policy of the papers was bought, to be paid for by the month, an editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies, and other things of national and international nature considered vital to the interests of the purchasers.”

    1919: In January, Ashkenazi Jews, Karl Liebknecht and Rosa Luxemburg, are killed as they attempt to lead another Rothschild funded Communist coup, this time in Berlin, Germany.

    The Versailles peace conference is held to decide reparations that the Germans need to pay to the victors following the end of the first world war. A delegation of 117 Zionists headed up by Ashkenazi Jew, Bernard Baruch, bring up the subject of the promise of Palestine for them. At this point the Germans realised why America had turned on them and under whose influence, the Rothschilds.

    The Germans, naturally, felt they had been betrayed by the Zionists. This is because, at the time the Rothschilds made their deal with Britain for Palestine, in exchange for bringing America into the war, Germany was the most friendly country in the world towards the Jews, indeed the German Emancipation Edict of 1822 guaranteed Jews in Germany all civil rights enjoyed by Germans.

    Also, Germany was the only country in Europe which did not place restrictions on Jews, even giving them refuge when they had to flee from Russia after their first attempted Communist coup failed there in 1905.

    Nevertheless, the Rothschilds had held up their side of the bargain to spill the blood of millions of innocents and as a result, Palestine is confirmed as a Jewish homeland, and whilst its handover to the Rothschilds takes place it is to remain under the control of Britain as the Rothschilds control Britain. At that time less than one percent of the population of Palestine was Jewish. Interestingly, the host of the Versailles peace conference is its boss, Baron Edmond de Rothschild.

    The Versailles peace conference is also used as an attempt by the Rothschilds to set up a world government under the pretext of ending all wars (which they create). This was called the, “League of Nations.” Fortunately not enough countries accepted it and so it soon died.

    On March 29th The Times of London reports on the Bolsheviks in Russia,

    “One of the curious features of the Bolshevist movement is the high percentage of non Russian elements among its leaders. Of the twenty or thirty commissaries, or leaders, who provide the central machinery of the Bolshevist movement, not less than 75% were Jews.”

    It is reported that the Rothschilds were angry with the Russians because they were not prepared to allow them to form a central bank within their nation. They therefore gathered groups of Jewish spies and sent them into Russia to drum up a revolution for the benefit of the common man, which was actually a takeover of Russia by a Rothschild controlled satanic elite.

    These Jewish spies were, in age old deceptive Ashkenazi tradition, given Russian names, for example Trotsky was a member of the first group and his original name was Bronstein. These groups were sent to areas throughout Russia to incite riots and rebellion.

    The Jewish Post International Edition, week ending January 24th 1991, confirms Vladimir Lenin was Jewish. Lenin is also on record as having stated,

    “The establishment of a central bank is 90% of communizing a nation.”

    These Jewish, Rothschild funded Bolsheviks would go on in the course of history to slaughter 60 million Christians and Non-Jews in Soviet controlled territory. Indeed the author Aleksandr Solzhenitsyn in his work, “Gulag Archipelago, Vol 2,” affirms that Zionist Jews created and administered the organized Soviet concentration camp system in which these tens of millions of Christians and Non-Jews died.

    On page 79 of this book he even names the administrators of this the greatest killing machine in the history of the world. They are Aron Solts, Yakov Rappoport, Lazar Kogan, Matvei Berman, Genrikh Yagoda, and Naftaly Frenkel. All six are Zionist Jews. In 1970 Solzhenitsyn would be awarded the Nobel Peace Prize for literature.

    N. M. Rothschild & Sons’ are given a permanent role to fix the world’s daily gold price. This takes place in the City of London offices, daily at 1100 hours, in the same room until 2004.

    1920: Winston Churchill (whose mother, Jenny (Jacobson) Jerome, was Jewish – meaning he is Jewish under Ashkenazi law as he was born of a Jewish mother) writes in an article in the Illustrated Sunday Herald, dated February 8th,

    “From the days of Illuminati leader Weishaupt, to those of Karl Marx, to those of Trotsky, this worldwide conspiracy has been steadily growing.

    And now at last this band of extraordinary personalities from the underworld of the great cities of Europe and America, have gripped the Russian people by the hair of their heads and become the undisputed masters of that enormous empire.”

    1921: Under the orders of Jacob Schiff the Council on Foreign Relations (CFR) is founded by Ashkenazi Jews, Bernard Baruch and Colonel Edward Mandell House. Schiff gave his orders prior to his death in 1920, as he knew an organisation in America needed to be set up to select politicians to carry on the Rothschild conspiracy,and the formation of the CFR was actually agreed in a meeting on May 30, 1919 at the Hotel Majestic in Paris, France.

    The CFR membership at the start was approximately 1000 people in the United States. This membership included the heads of virtually every industrial empire in America, all the American based international bankers, and the heads of all their tax free foundations. In essence all those people who would provide the capital required for anyone who wished to run for Congress, the Senate or the Presidency.

    The first job of the CFR was to gain control of the press. This task was given to John D. Rockefeller who set up a number of national news magazines such as Life, and Time. He financed Samuel Newhouse to buy up and establish a chain of newspapers all across the country, and Eugene Meyer also who would go on to buy up many publications such as the Washington Post, Newsweek, ant The Weekly Magazine.

    The CFR also needed to gate control of radio, television and the motion picture industry. This task was split amongst the international bankers from, Kuhn Loeb, Goldman Sachs, the Warburgs, and the Lehmanns.

    1925: This year’s Jewish Encyclopaedia, states of the existence of Ashkenazi Jews (who represent approximately 90% of so-called world Jewry), with the startling admission that the so called enemy of the Jews, Esau (also known as Edom, see Genesis 36:1), now actually represents the Jewish race, when on page 42 of Volume V it is stated,

    “Edom is in modern Jewry.”

    So what they’re basically saying is that these Ashkenazi Jews, who represent 90% of the so-called Jewish population, are actually gentiles or goyim themselves.

    1926: N. M. Rothschild & Sons refinance the Underground Electric Railways Company of London Ltd which has a controlling interest in the entire London Underground transport system.

    Maurice de Rothschild has a son, Edmond de Rothschild.

    1929: The Rothschilds crash the United States economy by contracting the money supply.

    1930: The first Rothschild world bank, the, “Bank for International Settlements (BIS),” is established in Basle, Switzerland. The same place as where 33 years earlier the first ever World Zionist Congress was held.

    1933: On January

  6. Nalliah Thayabharan Says:

    Hungary is making history of the first order along with Iceland & Russia. Not since the 1930s in Germany has a major European country dared to escape from the clutches of the Rothschild-controlled international banking cartels. This should encourage nationalist patriots worldwide to increase the fight for freedom from financial tyranny

    Already in 2011, Hungarian Prime Minister Viktor Orbán promised to serve justice on his socialist predecessors, who sold the nation’s people into unending debt slavery under the lash of the International Monetary Fund (IMF) Those earlier administrations were riddled with Israelis in high places, to the fury of the masses, who finally elected Orbán’s Fidesz party in response.

    Orbán moved to unseat the usurers from their throne. The popular, nationalistic prime minister told the IMF that Hungary neither wants nor needs further “assistance” from that proxy of the Rothschild-owned Federal Reserve Bank. No longer will Hungarians be forced to pay usurious interest to private, unaccountable central bankers.

    Instead, the Hungarian government has assumed sovereignty over its own currency and now issues money debt free, as it is needed. The results have been nothing short of remarkable. The nation’s economy, formerly staggering under deep indebtedness, has recovered rapidly and by means not seen since National Socialist Germany. The Hungarian Economic Ministry announced that it has, thanks to a “disciplined budget policy,” repaid on August 12, 2013, the remaining €2.2B owed to the IMF—well before the March 2014 due date.

    Orbán declared: “Hungary enjoys the trust of investors,” by which is not meant the IMF, the Fed or any other tentacle of the Rothschild financial empire. Rather, he was referring to investors who produce something in Hungary for Hungarians and cause true economic growth. This is not the “paper prosperity” of plutocratic pirates, but the sort of production that actually employs people and improves their lives.

    With Hungary now free from the shackles of servitude to debt slavers, it is no wonder that the president of the Hungarian central bank, operated by the government for the public welfare and not private enrichment, has demanded that the IMF close its offices in that ancient European land. In addition, the state attorney general, echoing Iceland’s efforts, has brought charges against the last three previous prime ministers because of the criminal amount of debt into which they plunged the nation.

    The only step remaining, which would completely destroy the power of the banksters in Hungary, is for that country to implement a barter system for foreign exchange, as existed in Germany under the National Socialists and exists today in the Brazil, Russia, India, China and South Africa, or BRICS, international economic coalition. And if the United States would follow the lead of Hungary, Americans could be freed from the usurers’ tyranny and likewise hope for a return to peaceful prosperity.

  7. Nalliah Thayabharan Says:

    Rothschild has been at the center of the world’s financial markets for over 200 years. Today, it provides Investment Banking, Corporate Banking and Private Banking & Trust services to governments, corporations and individuals worldwide.

    The first occasion in which Nathan assisted the English government was in 1819, when he undertook the loan of $60 million; from 1818-1832 Nathan issued eight other loans totaling $105,400,000; he subsequently issued eighteen Government loans totaling $700 million. To the Rothschilds, nothing could have occurred more propitiously than the outbreak of the American revolt and the French Revolution, as the two enabled them to lay the foundation of the immense wealth they have since acquired.

    The House of Rothschild was (and is) the ruling power in Europe, for all the political powers were willing to acknowledge the sway of the great financial Despot, and, like obedient vassals, pay their tribute without murmur…. Its influence was so all-powerful that it was a saying, no war could be undertaken without the assistance of the Rothschilds. They rose to a position of such power in the political and commercial world that they became the Dictators of Europe. To the public the archives of the family, which could throw so much light upon history, are a profound secret, a sealed book kept well hidden.

    Just consider that in World War Two alone, an estimated 60,000,000–72,000,000 people were casualties of war. This war was funded, on both sides, by Rothschild banks, including the Bank of England. This is now documented officially as fact, not theory.

    In 1948, the Rothschilds bribe US President Harry S. Truman to recognise Israel (Rothschild owned Zionist not Jewish territory) as a sovereign state with $2,000,000 which they give to him on his campaign train.

    They then declare Israel to be a sovereign Jewish state in Palestine and within half an hour President Truman declared the United States to be the first foreign nation to recognise it.

    The Flag of Israel is unveiled. Despite tremendous opposition the emblem on the flag is a blue coloured version of the Rothschild, “Red Hexagram.”

    The Hexagram was also used to represent Saturn, which has been identified as the esoteric name for, “Satan.” This indicates that anyone killed in the name of Israel is actually a sacrifice to Satan. These dissenting Jews believe the, “Menorah,” the oldest Jewish symbol should be used and pointed out that the Hexagram is not even a Jewish symbol, but of course as the Rothschild Zionists use it that is what ends up on the Israeli flag.

    The Salvation Army under the suggestion of the Rothschilds adopted the Red Shield for their logo. One historian of the Rothschilds remarks, “The Rothschilds had rapidly propelled themselves into a position of immense financial power and political influence. They were an independent force in the life of Europe, accountable to no one and, to a large extent, reliant on no one.

    – The Rothschilds control the Bank of England – The Central Bank of UK
    – They engineered the Federal Reserve in the US
    – Frankfurt is the home of the Rothschild banking dynasty, and also the European Central Bank where a few unelected bankers set interest rates for all EU countries using the Euro
    – They control the International Monetary Fund (IMF), and the World Bank
    – The Control the World Health Organisation
    – They took over all the financial operations of the worldwide Catholic Church in 1823
    – They funded both sides in almost all modern wars since the Napoleonic wars
    – They funded the Russian Revolution – Rothschild funded Bolsheviks would go on to slaughter 60 million Christians and Non-Jews in Soviet controlled territory.
    – They Loaned Money to the British, French and Germans in WW1
    – During WW1 Rothschild agent Louis Brandeis sent a Zionist delegation from America to Britain to promise to bring America into the war on the side of the British, provided the British agree to give the land of Palestine to the Rothschilds.
    – The host of the Versailles peace conference immediately after the war was, Baron Edmond de Rothschild.
    – They funded the rise of Adolf Hitler
    – The funded Hitler and the Nazi party in Germany during the war
    – They financed IBM to supply machines to the Nazis which produced punch cards to help organize and manage the initial identification and social expulsion of Jews, the confiscation of their property and their extermination.
    – They control Exxon previously known as Standard Oil or I.G. Farben. (I.G. Farben was the ‘German war machine’ controlling the concentration camps at Auchwitz and was used almost exclusively to arm Germany for WW2)
    – When Germany fell, Rothschild agents drafted the treaty and prepared the idea of the League of Nations
    – Edmond de Rothschild creates the World Conservation Bank, designed to transfer debts from third world countries. This is designed so the Rothschilds can gain control of the third world.
    – They privatised Britain’s state owned assets during the 1980’s, driving the share price up, then collapsed the markets so that they could buy them up for pennies on the pound, a carbon copy of what Nathan Mayer Rothschild did to the British economy 180 years before, in 1812.
    – They have been intimately involved in witchcraft and the Illuminati since its early known history.
    – They have control of all three U.S. Networks, plus other aspects of the recording and mass media industry.
    – Their names appear on the advisory boards of most (if not all) global media corporations
    – They used the 9/11 ‘terrorist’ attacks to gain control of the few nations in the world who don’t allow Rothschild central banks. – Less than one month after these attacks, US forces attack Afghanistan, one of only 7 nations in the world who don’t have a Rothschild controlled central bank.
    – They funded the Rockerfellers who founded the Population Council of the City of New York – This currently advances globally as the world’s premier depopulation advocacy group.

    And that is not even half of it. They have their dirty hands in everything.

    Remember, the people in charge of the government, media and pharmaceutical companies urging us to get vaccinated for ‘swine flu’ and support the ‘war on terror’ are the same people who have been funding and supporting depopulation and codex alimentarius.

  8. Nalliah Thayabharan Says:

    THE BRUTAL MURDER of Muammar Gaddafi by Zionist-owned Libyan insurgents is an example of what happens to political leaders who defy international Jewish bankers.
    Gaddafi refused to do the bidding of the Rothschild-centered global banking cartel in 5 areas:
    • A Gaddafi-Centered African Union With A Common Currency Here & Here
    • A Gaddafi-Run Central Bank Of Libya Here
    • A Gaddafi-Holding Of 150 Tons Of Gold Here
    • A Gaddafi-Run Libyan Oil Industry Here
    • A Gaddafi-Run ‘Blue-Gold’ Water Reserves Here

    IN JULY OF 2011, the son and heir apparent of Muammar Gaddafi, Saif al-Islam, stated that it wasn’t just Libya’s ‘black gold’ (oil) that the Zionist West wants, but Libya’s ‘blue gold’ (water) – the some 500 miles of the Nubian Sandstone Aquifer System that lies beneath Libya’s surface.
    The Nubian Aquifer is the only fresh water source that remains in North Africa and thus is the focus of what has become known as “Water Wars.”
    Two French water firms, the largest in the world, Veolia and Suez SA,” says al-Islam, want to own the Nubian Aquifer, since they will make countless billions in profit from food grown from the water.
    Both Veolia and Suez SA, like all multinational corporations, are doubtless funded by Jewish finance capital. And Louis Dreyfus International, a Jewish French firm, would apparently be the food broker.
    Every IMF and World Bank loan, both controlled by Zionist Jewry, is issued on the condition that the victim-nation sells its water supplies to private investors. View Entire Story Here, Here, Here & Here.
    Saif al-Islam’s testimony against Zionist Jewry has been silenced forever as he has been reportedly encircled by the Zionist-owned Libyan insurgents on October 20, 2011, the same day his father was captured and mercilessly murdered.
    Gaddafi’s main threat to International Jewry’s Banking Cartel was his plan for a common African currency—the gold-backed Libyan dinar—which would have replaced the all fiat-issued US dollar, British pound, and French franc as the main currency in Africa.
    Jewish banking interests were clearly at stake as the US dollar is maintained by the Jewish-run Federal Reserve Bank; the British pound by the Jewish-run Central Bank of England; and the French franc by the Jewish-run Banque de France.
    CALLING FOR BOOTS on the ground, Jewish president of the Council on Foreign Relations, Richard Haass, after admitting that the Libyan invasion was to oust Gaddafi via “regime change” — sought a US-led NATO occupation of Tripoli.

    In a quick follow-up to Haass’ blood thirsty call, Jewish neocon Philip Zelikow, former US State Department Counsellor and 9/11 Commission Head, wrote that “Gaddafi’s fall” would spark a “Democratic Spring” (read Jewish puppet governments) throughout the Arab world.
    Leading the Zionist fray, it was the same Jewish sleaze balls who brought us the Iraq War through their lies about Saddam’s ‘weapons of mass destruction,’ namely, the “Project for a New American Century,” now reincarnated as, “The Foreign Policy Initiative,” who urged in their June 2011, “Open Letter To House Republicans,” the toppling of Muammar Gaddafi.
    THE SIGNATORIES to the Letter read like an invitation to a Bar Mitzvah…this time a very bloody one indeed:
    Elliott Abrams, John Podhoretz, Robert and Fred Kagan, Lawrence Kaplan, Robert Lieber, Michael Makovsky, Eric Edelman, Kenneth Weinstein, Paul Wolfowitz, Randy Scheunemann.
    And of course, the leader of the Zionist rat pack, Jewish neocon William Kristol, apparently dictates US military policy as evinced in this Fox News interview: “No we cannot leave Gaddafi in power and we won’t leave Gaddafi in power.”
    Kristol and his fellow blood-thirsty Jews have now seen their dream come true.
    In violation of both International Law and the Geneva Convention’s prohibition of the mutilation of prisoners of war, Muammar Gaddafi is now among the Zionist-murdered dead.

  9. Nalliah Thayabharan Says:

    For more than 200 years the Rothschild family has kept their banks in family hands, out of the general view of the public, in an effort to conceal their vast wealth. The Rothschilds have taken advantage of tax-free jurisdictions and have purposefully established their banks in countries with strict banking secrecy laws like Monaco, Luxembourg, and Switzerland.

    The Rothschild dynasty first began to acquire prominence around the mid 1700′s. The first major patriarch of the family, Mayar Amschel Rothschild, sent his 5 sons to strategic banking centers throughout Europe. Nathan Rothschild went to London, Jabob to Paris, Salomon to Vienna, Asmchel (Jr.) to Frankfurt, and Calmann Rothschild to Naples.

    From 1813-1815 Nathan Rothschild almost single handedly financed the British war effort while his brothers financed the French war effort. In one year of the war, 1815, Nathan Rothschild provided the British government with nearly 10 million pounds, which is equivalent to 6.5 billion pounds today.

    Since the Rothschilds were playing both sides of the warring parties, they were the only ones who could get through both sides of the blockades quickly. Their network of banks provided news of major battles to Nathan Rothschild in London before even the British government received it. The Rothschilds traded on this inside information on the London stock exchange, making vast fortunes in the process. After the final battle of Waterloo, Nathan Rothschild received news that the British were victorious and promptly started to sell British government treasuries. The market knew by this point that Nathan was getting information before anyone one else and therefore assumed the British had lost the battle and started selling their British government bonds. Once the price had crashed, Nathan used his agents to secretly buy up nearly the entirety of the British government debt. Using large amounts of leverage, Nathan Rothschild made many multiples of his money on this one trade.

    After the war, Nathan Rothschild bragged of turning his 20k pound fortune into 50 million pounds in only 17 years. In 1820, 50 million pounds would be equivalent to 32 billion pounds today. It was at this point that Nathan Rothschild so famously said, “I care not what puppet is placed upon the throne of England to rule the empire on which the sun never sets. The man who controls Britain’s money supply controls the British Empire, and I control the British money supply.”

    In 1850, Jacob Rothschild’s recorded net worth was 600 million francs, which was significantly more than all the other French bankers combined. In today’s US dollars that would be equivalent to $11.4 billion. James and Nathan Rothschild became two of the riches men in the world in only a few decades. With this vast wealth they built or bought 41 massive mansions and palaces across Europe. The video below (at 2:22) shows just a fraction of their real estate holdings.

    In 1840, the Rothschild family became the Bank of England’s bullion brokers.

    In 1844, Salomon Rothschild purchased the United Coal Mines of Vitkovice and Austro-Hungarian Blast Furnace Company which went on to become one of the top ten global industrial companies.

    In 1845, the Rothschild family was granted exclusive access to build a rail transport company across much of France. The company was called Chemin de Fer du Nord.

    In 1871, the Rothschild family raised 5 billion francs so the French government could pay reparations to Prussia. This sum would be equivalent to $95 billion today.

    In 1880, the Rothschild family took control of Rio Tinto, ending up with a 30% stake. Rio Tinto is now the 4th largest mining company in the world. In the same year, the Rothschilds founded Imerys, which is currently a world leader in industrial metals mining.

    In 1890, the Rothschild family founded the mining company Eramet, which is currently a multi-billion dollar company listed on the Euronext Paris stock exchange.

    Kuhn and Loeb, which received financing from the Rothschilds, financed Standard Oil, various profitable railroad projects, and Carnegie’s steel empire. The European Rothschild dynasty also had close financial ties to multiple leading American banks including J.P. Morgan.

    In 1886, the French Rothschild bank acquired significant Russian oil fields and formed the Caspian and Black Sea Petroleum Company, which became the world’s second largest oil producer. They sold their interest to Royal Dutch Shell in 1911 for an undisclosed amount.

    In 1887, the Rothschild family financed and invested in the Kimberly diamond mines in South Africa, which became De Beers. The Rothschilds were the largest shareholders.

    To this day the Rothschild family own and operate some of the largest and most profitable investment banks around the world.

    During the first 17 years of his career, Nathan Rothschild’s annual rate of return was 81.4%, while Jacob’s annual rate of return from 1812-1868 was 14%.

    Based on historical records and financial calculations it is possible to provide a rough estimate of their wealth today. The following estimate of the Rothschild family fortune will be based on an annual rate of return of 5%, which is extremely conservative given their past track record of using power, political connections, and inside information to make incredibly high annual returns. When the extremely profitable investments listed above are factored in, it is a certainty that they were able to achieve such a modest return.

    In 1817, Nathan Rothschild bragged of having 50 million pounds. At a 5% annual rate of return that would equate to roughly 500 billion pounds today. In 1850, Jacob Rothschild was worth 600 million francs. At a 5% annual return that would equate to 860 billion francs, which would have been converted to Euros in 2001 at a 6.56 to 1 ratio, equalling €130 billion. By 2012, that fortune would total €224 billion.

    Combined their fortunes would equal more than 1 trillion US dollars, which could do any one of the following:

    1. Buy every stock on the Toronto Stock Exchange

    2. Support the military of every NATO country combined for a year

    3. Buy everyone on earth an iPod

    4. Pay of Greece’s debt 2.5 times

    5. Run the Australian government for nearly 3 years.

    Obviously this estimate is conservative in its own right, and does not take into account the fortunes of the other three brothers who built financial empires in Switzerland, Frankfurt, and Italy. The Rothschild family eventually spread their operations to America, Israel, and most tax-free jurisdictions around the world.

    As per the command of the patriarch, Mayar Amschel Rothschild, the family has intermarried and maintained cohesiveness until the present day so the fortune was not squandered or dispersed. One of their websites today reads: “Across two centuries and many generations, the qualities associated with the Rothschild family have remained unchanged: innovation, industriousness and, above all, strength through unity.”

    In 1909, British Prime Minister Lloyd George claimed that Lord Nathan Rothschild was the most powerful man in Britain. This is of course at a time when Britain was considered to be one of the world’s preeminent superpowers. During the 20th century the Rothschild family started to disappear from mainstream attention. Many Rothschild financed biographies were released during this time period, which claimed that their fortunes have dwindled in modern times. It should be noted that these biographies have not given any detailed accounting of the families’ assets or mentioned the specific investments that lost more money than was made through some of the world’s most profitable investments listed above.

    The real questions that must be asked are why the most powerful family in the history of the world, who financed nations and provided the money to create Israel, are not prominently featured in history courses? And why the media refuses to even mention the name of this incredibly wealthy and powerful family today?

    The answers to these questions are one in the same. Nearly the entirety of the American (and European) media are controlled by Jewish Zionists. And these Zionists know that if the world knew that one family controlled more wealth than dozens of poor nations put together, their would be a public outcry.

  10. Nalliah Thayabharan Says:

    The five-nation BRICS group—Brazil, Russia, India, China and South Africa—announced recently that it is launching new financial institutions to compete with and serve as alternatives to the World Bank and the International Monetary Fund (IMF).
    The New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA) will each be capitalized with $100 billion. The former will compete with the World Bank while the latter will work against the IMF.
    China is contributing $41 billion to each institution, South Africa $5 billion and each other nation $18 billion.
    The NDB will invest in infrastructure development projects in developing countries, while the CRA will hold currency reserves designed to stabilize nations in case of a balance-of-payments crisis similar to those now ongoing in Venezuela and Brazil. The idea is to give developing countries and the world an alternative to the Anglo-American banking system in times of crises.
    In the current system, the World Bank frequently loans money to developing nations, and when these nations have difficulty repaying these loans, the Bank compels them to adopt “austerity” measures and domestic reforms that advance American and Zionist policy goals.
    The IMF plays a similar role during currency crises. Because few to no nations are autarkic—possessed of a self-sufficient economy—most nations must import and export some goods, usually in dollar-denominated transactions. But when they import more than they export, dollars flow out of the country. If confidence in the nation’s currency fails, the nation’s central bank cannot purchase dollars on the market to maintain a stable currency reserve. At times, Zionist assets like George Soros have deliberately sold nations’ currencies to collapse their economies and topple their governments.
    The proposed system will vastly increase the economic independence of the BRICS nations, though South Africa will remain something of the “poor man” of the group. While the system won’t give debtor nations greater independence from their creditors, it will give them an alternative set of creditors to turn to when IMF-World Bank proposals for reform are not acceptable.
    The system also helps link the five nations’ banking systems outside of the current system operated by the privately owned and controlled Federal Reserve, laying the foundation for an international network immune to United States interference and banking sanctions.
    The World Bank is capitalized at $332 billion and the IMF at $368 billion, making the new system about 29% of the size of the existing one. The NDB system is the first concrete step BRICS has taken to challenge Anglo-American-Zionist power.
    Russian President Vladimir Putin signed the deal creating the NDB and CRA at a meeting that began following the World Cup Soccer tournament in Brazil. En route he stopped in Cuba to forgive $32 billion of that island’s debt. In exchange, Cuba, like Nicaragua and Venezuela, will allow Russian naval and air bases, part of a potential first response force to continuing American and Zionist aggression. Similar moves in 1962 almost led to war between the U.S. and the U.S.S.R.

  11. Nalliah Thayabharan Says:

    Genocide that took place in Rwanda was the result of “tribalism” between Bahutu and Batutsi, as the media claims?

    In 1938, the Western powers wanted to settle European Jews in the middle section of Africa— around Uganda, Rwanda, Burundi, Kenya and Tanzania—but failed due to fierce opposition from Marcus Garvey. For more about this Read Tony Martin’s book, “Race First.”

    The middle section of Africa was designated as the “Fourth World” by the IMF and its sister institution, the World Bank. The intent was to kill millions of people whom the international bankers had decided constituted “excess population” and “useless eaters,” through the simple expedients of starvation and disease.

    In “Behold A Pale Horse,” by William Cooper (p.456) and “En Route To Global Occupation” by Gary H. Kah (p.42). South Africa, Australia and New Zealand are also designated the “Fourth World” by the Club of Rome, which is closely associated with of the Zionist Bilderberg Group. The IMF and World Bank are controlled by the same people who control the U. S. Federal Reserve.

    The Club of Rome and the Bilderberg Group are the ones who are planning genocide and carrying it out through famine, starvation, wars, and inoculation of disease. In Chapter 9, William Cooper goes further and discusses in detail the genocidal methods these elite organizations use.

    Leadership of the Bilderberg Group is interlocked with that of the Council on Foreign Relations; and that the Club of Rome has drawn a high percentage of its members from the Council of Foreign Relations.

    It has been estimated that about 500,000 Rwandan people have been killed, most of whom are women and children. This is in keeping with the tenets of the Global 2000 Report which was written during the Carter administration. One of the authors of the Global 2000 Report is Henry Kissinger. The Global 2000 Report is based on a “study” carried out by the Club of Rome.

    Thousands and thousands of Rwandan people have been displaced and are now living in refugee camps in Tanzania. One hopes this displacement is not meant to settle European Jews in the middle section of Africa as people in “high places” had decided 56 years ago. In “The New World Order and The Throne of the Antichrist” it is pointed out how many thousands of Palestinians were systematically terrorized by the Zionists and eventually displaced from their ancestral homeland. The plan of this massive genocide and displacement of the Palestinians is discussed in the “Complete Diaries of Theodor Herzl,” the founder of the Zionist Movement. This cruelly was paid for by the Rothschilds, the same crowd that is mentioned as one of those who are funding the African National Congress.

    These are the same people who funded the genocide in Rwanda for their own selfish and demonic ends. What is interesting is that these same people now turn around and write and broadcast in the media, which they control worldwide, that the genocide that is taking place in Rwanda is “tribalism between the Hutu and the Tutsi.” Well, the Hutu and the Tutsi say the war in Rwanda has got nothing to do with them. This is what they told other Africans in the United States.

    They say the war in Rwanda is political; it is between Belgium and France. They are either fighting for the turf or are deliberately arming the two sides to create instability so they can go on exploiting the region’s resources. The western countries’ industries and economics are based on raw materials from Africa. For instance, Belgium exports heavy machinery but there is not even a single mine in Belgium. Where do they get raw materials to manufacture the heavy machinery they are exporting? From Africa. United States industry would halt without South African minerals. Zbigniew Brzezinski’s 1978 National Security Council Memorandum (NSCM-46) also mentions U.S. dependence on African mineral wealth and also calls on the FBI and CIA to make sure that “radical” African Nationalist Movements do not get together with Black Nationalist Movements in the United States of America.

    Henry Kissinger’s National Security Memorandum 200 (“NSM 200”) which was quietly declassified in 1990 says among other things that: “The U.S. economy will require large and increasing amounts of minerals from abroad, especially from less-developed countries. That fact gives the U.S. enhanced interests in the political, economic and social stability of the supplying countries. Wherever a lessening of population can increase the prospects for such stability, population policy becomes relevant to resources, supplies and to the “economic interests of the United States.” Of course, we know that the “economic interests of the United States” means the interest of U.S. corporations and Multinationals. NSM 200 is available at the U.S. National Archives

    There is no doubt that what is happening in Angola, Rwanda, and southern Sudan and what happened in Ethiopia and Somalia is in keeping with the policies described in the preceding paragraphs. There is also the cruel lie making rounds in the Zionist-owned media that Africa is poor and overpopulated.

    Dr. Cheikh Anta Diop demonstrated in his “Black Africa” that Africa is the richest continent in the world. Zears Miles has also established this fact. Compared to Africa, Europe is like an empty cupboard. Edem Kodjo provided these statistics: Africa’s death rate is 20.8 per 1,000; Latin America 10.6 per 1,000; Europe and North America 9 per 1,000; Asia 17 per 1,000.

    Africa’s population density is 15 per square kilometer: Europe’s is 89 per square kilometer (this is where overpopulation is the problem not Africa): Asia’s is 52 per square kilometer: America’s is 16 per square kilometer.

    Africa’s population constitutes 10 percent of the world’s population. She occupies the fourth place behind Asia with 59 percent; Europe with 16 percent and America with 14 percent. It is clear that Europe is more overpopulated than Africa and America.

    Africa needs to be repopulated. Africans and people of African descent all over the world should be prepared to fight and shed blood like the Somalis did to defend the African continent, its people and resources.

    What are the implications of the lessening of population in Africa and what is the intention of the Global 2000 Report? The destruction of Africa’s population destroys Africa’s economic base. The intention of the Global 2000 Report is to reduce the African population thereby reducing the potential consumer base which is the key ingredient of economic growth. If Africa does not have its large and sustainable population and a big population growth rate, that will stultify the efforts of evolving African continental integrated economic system devoid of the manipulations and false evaluations that have been characteristic of African relationship with Europeans and Euro-Americans.

    Look at China today. It is the fastest growing economy because of its population of 2 billion people. It is an emerging economic and military power and does not take silly orders from white Americans and Europeans.

    Africa should also have its own specific political personality. She must be an end in herself. She shouldn’t be lowed as a vessel by any other state, government or bloc and entertain relations with all other countries on a perfectly equal-footing.

  12. Nalliah Thayabharan Says:

    History of false paradigms and engineered conflicts between numerous nations,and these conflicts are exploited by global money interests to consolidate and centralize social and political power. The birth of communist Russia, in particular, was directly funded by Western banks and supported with arms and military aid from the U.S. government itself. These sorts of startling facts are not taught in schools and universities exactly because the continued dominance of the money elite relies on continued misrepresentations of legitimate history.

    Some of us are well aware of the central banking cabal and its stranglehold on the U.S. and Europe. But strangely, some people refuse to acknowledge the substantial possibility that global bankers are also in control of Russia and are playing both sides of the burgeoning economic war.

    As the Ukrainian crisis festers and other dangers in the Pacific and the Mideast grow, an odd consensus among alternative analysts is taking hold — namely the belief that President Vladimir Putin and Russia represent some kind of opposition to globalization and the rule of corporate financiers. Russia is a “victim” in the grand schemes of Western oligarchy and that Russia is truly the “white knight”, the underdog willing to stand up against the New World Order.

    Russia is just as much a tool of the global elite today as it was after the Bolshevik Revolution, and Vladimir Putin is just as much a socialist puppet as Barack Obama. Let’s start from the beginning of the rebirth of Russia as a regional federation in the 1990s after the fall of the Warsaw Pact.

    Mikhail Gorbachev, the leader largely credited with the ultimate dismantling of the Soviet Union and the rise of the “new” Russia, has long been a proponent of the “New World Order” (his words) and centralized global government. In an address entitled “Perspectives On Global Change” to the students of Lafayette College in Easton, Penn., Gorbachev argued that such a solution was necessary to safeguard “freedom.”

    “The opportunities that existed after the end of the Cold War… were not used properly. At that same time, we saw that the entire world situation did not develop positively. We saw deterioration where there should have been positive movement toward a new world order.”

    He continued:

    “But we still are facing the problem of building such a world order. We have crises: we are facing problems of the environment, of backwardness and poverty, of food shortages. All of these problems are because we do not have a system of global governance.”

    When asked in 1995 by San Francisco Weekly what Gorbachev meant by the phrase “New World Order,” Jim Garrison, the executive director of the Gorbachev Foundation stated, bluntly that Gorbachev wanted nothing less than global government.

    “Over the next 20 to 30 years, we are going to end up with world government. … It’s inevitable. It will happen and become just as normal to have a relationship with the rest of the world as we now have, say, if you are a Californian and you go to Vermont.”

    Gorbachev saw global government being achieved through international organizations like the United Nations, the International Monetary Fund and the World Bank. But, is this vision of the New World Order limited only to Gorbachev and his inner circle? At the Gorbachev-led State of the World Forum in 1995, Council On Foreign Relations member Zbigniew Brzezinski had this to say:

    “We do not have a New World Order. … We cannot leap into world government in one quick step. … In brief, the precondition for eventual globalization — genuine globalization — is progressive regionalization, because thereby we move toward larger, more stable, more cooperative units.”

    In Zbigniew K. Brzezinski’s book Between Two Ages: America’s Role In The Technetronic Era, he elaborates on the ideology behind what brand of government the New World Order would be:

    “The nation-state is gradually yielding its sovereignty… More intensive efforts to shape a new world monetary structure will have to be undertaken.”

    “National sovereignty is no longer a viable concept… Marxism represents a further vital and creative state in the maturing of man’s universal vision. Marxism is simultaneously a victory of the external, active man over the inner, passive man and a victory of reason over belief…”

    Brzezinski seems to be in total agreement with Gorbachev, but why should anyone care what Brzezinski thinks about the future of American sovereignty? Perhaps it’s because he is a close and influential foreign policy adviser to Obama.

    So we have now established that political interests on both sides since the 1990s have called for a New World Order and global government taking a decidedly socialist or Marxist form. Some people might applaud this kind of future, or they might despise it; but the fact remains that this plan is indeed being openly promoted and implemented by government officials and elitists in the East and the West. It is undeniable.

    From its very inception, the new Russia was designed to become a catalyst for global governance, but global governance by whom? As they say, always follow the money.

    Russia is more beholden to international bankers than perhaps any nation on the planet. After the collapse of the Russian economy and the dissolution of the old Soviet Union, the country was in dire straits. From 1992 to 1996, the IMF intervened in the Russian economy, offering more than $22 billion in aid (officially). This first loan package was presented as a failure when Russia defaulted on its debts, and loans from the IMF restarted through the late ’90s.

    Many people are aware of the IMF involvement in Russia, but few know about the scandal surrounding where those IMF funds specifically went. In 1999, information was made public on the diversion of IMF cash into the coffers of Russian corporate elites, politicians, and even mobsters. This money was supposed to go toward the rebuilding of Russian infrastructure and economy. Instead, the aristocracy and criminal underworld were receiving a large cut of the funds.

    The money was diverted and laundered through the Bank of New York, an institution founded in 1784 by none other than internationalist agent and central bank promoter Alexander Hamilton. The bank changed ownership through merger in 2007 and is now called The Bank Of New York Mellon.

    The IMF’s first response to the scandal was to divert blame, stating that it had no control over the cash once it was in the hands of the Central Bank of Russia (CBR). After continued revelations on funds being misused or disappearing altogether, the IMF commissioned PricewaterhouseCoopers to audit the CBR. The results of that audit have never been made public. However, in 1999 the Russian government admitted that it had hidden more than $50 billion offshore in a subsidiary bank in the Channel Islands. Part of this money came from IMF bailouts. The former chairman of the CBR, Sergey Dubinin, insisted that the IMF was fully aware of who the funds were going to.

    Numerous officials from the chief state auditor to the minister of internal security to the prosecutor general of Russia had come forward with information that corroborated evidence that IMF money was being distributed to the wrong people. The chairman of the Duma Committee on Security stated that some of the IMF loans never made it to Russia. Rather, the money was pumped into the secret foreign accounts of Russia’s highest officials.

    Despite all of the admissions and evidence, IMF auditors refused to cite any corruption or malfeasance during their investigations. One would think that they would do everything in their power to find out where their funds went and why. The reason for the cover-up is obvious: The IMF knew exactly who the money was going to. The first bailouts of Russia were designed to buy the cooperation of the Russian political and corporate elite and ensure that the future direction of the nation would follow the globalist plan.

    Fast-forward to the present. Putin continues the subversive relationship between Russia and the IMF. In 2009, Putin called for the creation of a “super reserve currency” under the control of the IMF and using the IMF’s Special Drawing Rights basket as a foundation.

    Why would Putin, a supposedly anti-globalist nationalist leader, want the IMF, a supposedly U.S.-controlled institution, to be the global purveyor and overlord of the world economy? It’s because the IMF is not a U.S.-controlled institution; it is a banker-controlled institution. And Putin is a globalist, not a nationalist.

    The recent break of Crimea from Ukraine and secession to Russia was partly instigated by the vast concessions required by the IMF if loans to Ukraine were to move forward. One of these concessions included the handing over of Ukrainian gas pipelines to America’s Chevron. Crimean leaders accused Kiev politicians of selling out Ukraine to the global bankers.

    However, it was actually Russia’s finance minister and Putin who first pushed for the IMF bailout of Ukraine. It was, in fact, Putin who wanted Ukraine to “sell out” to Western financiers.

    Russia’s central bank is also a member of the Bank of International Settlements, the good-old-boys club of the international banking world. The BIS was founded in 1930 and served as the focal point of globalization until after World War II, when evidence arose that the organization had helped the Nazis by funding the German war machine, laundering money for Gestapo officials and hiding funds looted from Europe by the Third Reich.

    Due to the scandal, the BIS took a back seat to the IMF and World Bank; but it still exists today. Carroll Quigley, Council on Foreign Relations member, elitist insider and mentor to Bill Clinton, had this to say about the BIS in his book Tragedy And Hope:

    “The powers of financial capitalism had another far-reaching aim, 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 feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private 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, in the hands of men like Montagu Norman of the Bank of England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist of the Bank of France, and Hjalmar Schacht of the Reichsbank, 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 cooperative politicians by subsequent economic rewards in the business world.”

    Putin has been elevated to heroic status in much of the mainstream media over the years. TIME magazine, a long-running globalist publication, recently published a front-page article with this tagline: “America’s weak and waffling. Russia’s rich and resurgent — and its leader doesn’t care what anybody thinks of him.”

    This cover was used by TIME in every country in which it is distributed, except the United States. The Times of Britain named Putin “Man Of The Year” in 2013. Some of us truly believe Putin and Russia to be a guiding light in the fight against globalization and the New World Order. Unfortunately, many people look for heroes to save them when they should be looking to themselves. Remember, Russia and the U.S. are nothing but false champions dueling in a fake gladiator match paid for by the IMF.

  13. Nanda Says:

    NT has completed the unfinished storey of the writer.

  14. Nalliah Thayabharan Says:

    Please Watch this to know more about I M F

    https://www.youtube.com/watch?v=T825ECVW_Qo

  15. aloy Says:

    We are a speck of dust in the scheme of things in world affairs as at now. Therefore, shall we concentrate only on things that concern us at home?.

  16. Nalliah Thayabharan Says:

    The World Bank – IMF is owned and controlled by NM Rothschild and 30 to 40 of the wealthiest people in the world. For over 150 years they have planned to take the world over through money. The former chief economist of the World Bank, Joe Stiglitz, was fired recently. He pointed out to top executives that every country the IMF/World Bank got involved in ended up with a crashed economy, a destroyed government, and sometimes in flames with riots. Jim Wolfensen, the president of the World Bank would not comment on his dismissal.

    How IMF/World Bank bring down a country and destroy the resources of the people. First you open up the capital markets. That is, you sell off your local banks to foreign banks. Then you go to what’s called market-based pricing. That’s the stuff like in California where everything is free market and you end up with water bills no one can pay. Then open up your borders to trade – complete free marketeering. Its like the opium wars. This isn’t free trade; this is coercion trade. This is war. They are taking apart economies through this.

  17. Nalliah Thayabharan Says:

    In Washington, the headquarters of both the World Bank and the IMF -International Monetary Fund – face each other on the same street. What are these organizations, and who controls them? To find out we need to look back to just after WWI. At this point the money changers were attempting to consolidate the central banks under the guise of peacemaking. To stop future wars they put forward the formation of a world central bank named the Bank of International Settlements, a world court called the World Court in the Hague, and a world executive for legislation called the League of Nations.
    In his 1966 book entitled Tragedy and Hope, president Clinton’s mentor Carroll Quigley writes about this.
    “The powers 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 cooperative politicians by subsequent economic rewards in the business world.”
    Carroll Quigley, Professor, Georgetown University

    They got 2 out of 3. The league of nations failed largely owing to the suspicions of the people and while opposition concentrated on this, the other two proposals snuck their way through.

    It would take another war to wear the public resistance down. Wall street invested heavily to rebuild Germany, as the Chase bank had propped up the Russian revolution.

    Now the Chase merged with the Warburg’s Manhattan Bank to form the Chase Manhattan which would later merge with the Chemical Bank to become the largest bank on Wall Street.

    In 1944 the US approved its full participation in the IMF and the World Bank. By 1945 the second League of Nations was approved under the new name ‘The United Nations’. The war had dissolved all opposition. The methods used in the National Banking Act of 1864 and the Federal Reserve Act of 1913 were now simply used on a Global scale.

    The Federal Reserve Act allowing the creation of Federal Reserve notes is mirrored by the IMF’s authority to produce money called Special Drawing Rights (SDR’s). It is estimated the IMF has produced $30 billion dollars worth of SDR’s so far. In the United States SDR’s are already accepted as legal money, and all other member nations are being pressured to follow suit. With SDR’s being partially backed by gold, a world gold standard is sneaking its way in through the back door, which comes with no objection from the money changers who now hold two-thirds of the worlds gold and can use this to structure the worlds economy to their further advantage.

    We have gone from the goldsmith’s fraud being reproduced on a national scale through the Bank of England and the Federal Reserve, to a Global level with the IMF and the World Bank. Unless we together stop giving these exchange units their power by our collective faith in them, the future will probably see the Intergalactic Bank and the Federation of Planets Reserve set up in much the same way.

    This radical transfer of power has taken place with absolutely no mandate from the people.

    Nations borrow Special Drawing Right from the International Monetary Fund in order to pay interest on their mounting debts. With these SDR’s produced at no cost, the IMF charges more interest. This contrary to bold claims does not alleviate poverty or further any development. It just creates a steady flow of wealth from borrowing nations to the money changers who now control the IMF and the World Bank.

    The permanent debt of Third World Countries is constantly being increased to provide temporary relief from the poverty being caused by previous borrowing.

    These repayments already exceed the amount of new loans. By 1992 Africa’s debt had reached $290 billion dollars, which is two and a half times greater than it was in 1980. A noble attempt to repay it has caused increased infant mortality and unemployment, plus deteriorating schools, and general health and welfare problems.

    As world resources continue to be sucked into this insatiable black hole of greed, if allowed to continue the entire world will face a similar fate.

    As one prominent Brazilian politician, Luis Ignacio Silva,ðput it.

    “Without being radical or overly bold, I will tell you that the Third World War has already started – a silent war, not for that reason any the less sinister. This war is tearing down Brazil, Latin America and practically all the Third World. Instead of soldiers dying there are children, instead of millions of wounded there are millions of unemployed; instead of destruction of bridges there is the tearing down of factories, schools, hospitals, and entire economies . . . It is a war by the United States against the Latin American continent and the Third World. It is a war over the foreign debt, one which has as its main weapon interest, a weapon more deadly than the atom bomb, more shattering than a laser beam . .”1

    If a group or organization had used its hard earned money to help these developing nations, then we might sympathize that there should be a real effort to repay these loans. But the money used was created from fractional reserve banking. The money loaned to the Third World came from the 90% the banks allow themselves to loan on the 10% they actually held. It didn’t exist, it was created from nothing, and now people are suffering and dying in an effort to pay it back.

    This has gone beyond clever financing, it’s whole sale murder and it’s time we stopped it. Yes ! We can!

  18. Nalliah Thayabharan Says:

    Abraham Lincoln worked valiantly to prevent the Rothschild’s attempts to involve themselves in financing the Civil War.

    Interestingly, it was the Czar of Russia who provided the needed assistance against the British and French, who were among the driving forces behind the secession of the South and her subsequent financing. Russia intervened by providing naval forces for the Union blockade of the South in European waters, and by letting both countries know that if they attempted to join the Confederacy with military forces, they would also have to go to war with Russia.

    The Rothschild interests did succeed, through their agent Treasury Secretary Salmon P. Chase, to force a bill (the National Banking Act) through Congress creating a federally chartered central bank that had the power to issue U.S. Bank Notes. Afterward, Lincoln warned the American people:
    “The money power preys upon the nation in time of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands, and the republic is destroyed. ”
    Lincoln continued to fight against the central bank, and some now believe that it was his anticipated success in influencing Congress to limit the life of the Bank of the United States to just the war years that was the motivating factor behind his assassination.

    Modern researchers have uncovered evidence of a massive conspiracy that links the following parties to the Bank of Rothschild. Lincoln’s Secretary of War Edwin Stanton, John Wilkes Booth, his eight co-conspirators, and over seventy government officials and businessmen involved in the conspiracy. When Booth’s diary was recovered by Stanton’s troops, it was delivered to Stanton. When it was later produced during the investigation, eighteen pages had been ripped out. These pages, containing the aforementioned names,were later found in the attic of one of Stanton’s descendants.
    From Booth’s trunk, a coded message was found that linked him directly to Judah P. Benjamin, the Civil War campaign manager in the South for the House of Rothschild. When the war ended, the key to the code was found in Benjamin’s possession. The assassin, portrayed as a crazed lone gunman with a few radical friends, escaped by way of the only bridge in Washington not guarded by Stanton’s troops.
    “Booth” was located hiding in a barn near Port Royal, Virginia, three days after escaping from Washington. He was shot by a soldier named Boston Corbett, who fired without orders. Whether or not the man killed was Booth is still a matter of contention, but the fact remains that whoever it was, he had no chance to identify himself. It was Secretary of War Edwin Stanton who made the final identification. Some now believe that a dupe was used and that the real John Wilkes Booth escaped with Stanton’s assistance.

    Mary Todd Lincoln, upon hearing of her husband’s death, began screaming, “Oh, that dreadful house!” Earlier historians felt that this spontaneous utterance referred to the White House. Some now believe it may have been directed to Thomas W. House, a gun runner, financier, and agent of the Rothschild’s during the Civil War, who was linked to the anti-Lincoln, pro-banker interests.

    Another myth that all Americans live with is the charade known as the “Federal Reserve.” It comes as a shock to many to discover that it is not an agency of the United States Government.

    The name “Federal Reserve Bank” was designed to deceive, and it still does. It is not federal, nor is it owned by the government. It is privately owned. It pays its own postage like any other corporation. Its employees are not in civil service. Its physical property is held under private deeds, and is subject to local taxation. Government property, as you know, is not.

    It is an engine that has created private wealth that is unimaginable, even to the most financially sophisticated. It has enabled an imperial elite to manipulate our economy for its own agenda and enlisted the government itself as its enforcer. It controls the times, dictates business, affects homes and practically everything.

    It takes powerful force to maintain an empire, and this one is no different. The concerns of the leadership of the “Federal Reserve” and its secretive international benefactors appear to go well beyond currency and interest rates.

    Andrew Jackson was the first President from west of the Appalachians. He was unique for the times in being elected by the voters, without the direct support of a recognized political organization. He vetoed the renewal of the charter for the Bank of the United States on July 10, 1832.
    In 1835, President Andrew Jackson declared his disdain for the international bankers:
    “You are a den of vipers. I intend to rout you out, and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.”
    There followed an (unsuccessful) assassination attempt on President Jackson’s life. Jackson had told his vice president, Martin Van Buren, “The bank, Mr. Van Buren, is trying to kill me….”
    Was this the beginning of a pattern of intrigue that would plague the White House itself over the coming decades? Was his (and Lincoln’s) death related by an invisible thread to the international bankers?

    President James Abram Garfield, our 20th President, had previously been Chairman of the House Committee on Appropriations and was an expert on fiscal matters. (Upon his election, among other things, he appointed an unpopular collector of customs at New York, whereupon the two Senators from New York–Roscoe Conkling and Thomas Platt–resigned their seats.)
    President Garfield openly declared that whoever controls the supply of currency would control the business and activities of all the people. After only four months in office, President Garfield was shot at a railroad station on July 2, 1881.

    President John F. Kennedy planned to exterminate the Federal Reserve System. In 1963 he signed Executive Orders EO-11 and EO-110, returning to the government the responsibility to print money, taking that privilege away from the Federal Reserve System.

    Shortly thereafter, President John F. Kennedy was assassinated. The professional, triangulated fire that executed the President of the United States is not the most shocking issue. The high- level coordination that organized the widespread coverup is manifest evidence of the incredible power of a “hidden government” behind the scenes. (

    In the 70’s and 80’s, Congressman Larry P. McDonald spearheaded efforts to expose the hidden holdings and intentions of the international money interests. His efforts ended on August 31, 1983, when he was killed when Korean Airlines 007 was “accidentally” shot down in Soviet airspace. A strange coincidence, it would seem.

    Senator John Heinz and former Senator John Tower had served on powerful Senate banking and finance committees and were outspoken critics of the Federal Reserve and the Eastern Establishment. On April 4, 1991, Senator John Heinz was killed in a plane crash near Philadelphia. On the next day, April 5, 1991, former Senator John Tower was also killed in a plane crash. The coincidences seem to mount.

    Attempts to just audit the Federal Reserve continue to meet with failure. It is virtually impossible to muster support for any issue that has the benefit of a media blackout. The bizarre but tragic reality that the American people suffer from a managed and controlled media is a subject for another discussion.

    For many years, numerous authors have attempted to sound the alarm that there exists a hidden “shadow government” that actually rules America. Most of us have dismissed these “conspiracy theory” views as extremist and unrealistic. The ignorance in America is overwhelming. Indeed, the contrast in general awareness of world affairs between the average American and the average European is striking. The concentration of power in America is frightening.

  19. Nalliah Thayabharan Says:

    PLEASE read the following article
    http://www.lankaweb.com/news/items/2012/04/26/imf-the-world-bank-and-the-future-of-third-world-nations/

  20. Marco Says:

    Gosh! NT you killed the message and the main article by the author.

    NT- Thank you for copying and pasting from the UK blog- conspiracytruths.co.uk
    Perhaps next time you may wish provide the source of your material.

  21. Nalliah Thayabharan Says:

    The International Monetary Fund and the World Bank were created in 1944 at a conference in Britton Woods, New Hampshire, and are now based in Washington, DC.

    The IMF was originally designed to promote international economic cooperation and provide its member countries with short-term loans so they could trade with other countries (achieve balance of payments). Since the debt crisis of the 1980’s, the IMF has assumed the role of bailing out countries during financial crises (caused in large part by currency speculation in the global casino economy) with emergency loan packages tied to certain conditions, often referred to as structural adjustment policies (SAPs).

    The IMF now acts like a global loan shark, exerting enormous leverage over the economies of more than 60 countries. These countries have to follow the IMF’s policies to get loans, international assistance, and even debt relief.

    Thus, the IMF decides how much debtor countries can spend on education, health care, and environmental protection. The IMF is one of the most powerful institutions on Earth — yet few know how it works.

    The IMF has created an immoral system of modern-day colonialism: The IMF — along with the WTO and the World Bank — has put the global economy on a path of greater inequality and environmental destruction. The IMF’s and World Bank’s structural adjustment policies (SAPs) ensure debt repayment by requiring countries to cut spending on education and health; eliminate basic food and transportation subsidies; devalue national currencies to make exports cheaper; privatize national assets; and freeze wages. Such belt-tightening measures increase poverty, reduce countries’ ability to develop strong domestic economies and allow multinational corporations to exploit workers and the environment A recent IMF loan package for Argentina, for example, is tied to cuts in doctors’ and teachers’ salaries and decreases in social security payments…The IMF has made elites from the Global South more accountable to First World elites than their own people, thus undermining the democratic process.
    The IMF serves wealthy countries and Wall Street: Unlike a democratic system in which each member country would have an equal vote, rich countries dominate decision-making in the IMF because voting power is determined by the amount of money that each country pays into the IMF’s quota system. It’s a system of one dollar, one vote. The U.S. is the largest shareholder with a quota of 18 percent. Germany, Japan, France, Great Britain, and the US combined control about 38 percent. The disproportionate amount of power held by wealthy countries means that the interests of bankers, investors and corporations from industrialized countries are put above the needs of the world’s poor majority.
    The IMF is imposing a fundamentally flawed development model: Unlike the path historically followed by the industrialized countries, the IMF forces countries from the Global South to prioritize export production over the development of diversified domestic economies. Nearly 80 percent of all malnourished children in the developing world live in countries where farmers have been forced to shift from food production for local consumption to the production of export crops destined for wealthy countries. The IMF also requires countries to eliminate assistance to domestic industries while providing benefits for multinational corporations — such as forcibly lowering labor costs. Small businesses and farmers can’t compete. Sweatshop workers in free trade zones set up by the IMF and World Bank earn starvation wages, live in deplorable conditions, and are unable to provide for their families. The cycle of poverty is perpetuated, not eliminated, as governments’ debt to the IMF grows.
    The IMF is a secretive institution with no accountability: The IMF is funded with taxpayer money, yet it operates behind a veil of secrecy. Members of affected communities do not participate in designing loan packages. The IMF works with a select group of central bankers and finance ministers to make polices without input from other government agencies such as health, education and environment departments. The institution has resisted calls for public scrutiny and independent evaluation.
    IMF policies promote corporate welfare: To increase exports, countries are encouraged to give tax breaks and subsidies to export industries. Public assets such as forestland and government utilities (phone, water and electricity companies) are sold off to foreign investors at rock bottom prices. In Guyana, an Asian owned timber company called Barama received a logging concession that was 1.5 times the total amount of land all the indigenous communities were granted. Barama also received a five-year tax holiday. The IMF forced Haiti to open its market to imported, highly subsidized US rice at the same time it prohibited Haiti from subsidizing its own farmers. A US corporation called Early Rice now sells nearly 50 percent of the rice consumed in Haiti.
    The IMF hurts workers: The IMF and World Bank frequently advise countries to attract foreign investors by weakening their labor laws — eliminating collective bargaining laws and suppressing wages, for example. The IMF’s mantra of “labor flexibility” permits corporations to fire at whim and move where wages are cheapest. According to the 1995 UN Trade and Development Report, employers are using this extra “flexibility” in labor laws to shed workers rather than create jobs. In Haiti, the government was told to eliminate a statute in their labor code that mandated increases in the minimum wage when inflation exceeded 10 percent. By the end of 1997, Haiti’s minimum wage was only $2.40 a day. Workers in the U.S. are also hurt by IMF policies because they have to compete with cheap, exploited labor. The IMF’s mismanagement of the Asian financial crisis plunged South Korea, Indonesia, Thailand and other countries into deep depression that created 200 million “newly poor.” The IMF advised countries to “export their way out of the crisis.” Consequently, more than US 12,000 steelworkers were laid off when Asian steel was dumped in the US.
    The IMF’s policies hurt women the most: SAPs make it much more difficult for women to meet their families’ basic needs. When education costs rise due to IMF-imposed fees for the use of public services (so-called “user fees”) girls are the first to be withdrawn from schools. User fees at public clinics and hospitals make healthcare unaffordable to those who need it most. The shift to export agriculture also makes it harder for women to feed their families. Women have become more exploited as government workplace regulations are rolled back and sweatshops abuses increase.
    IMF Policies hurt the environment: IMF loans and bailout packages are paving the way for natural resource exploitation on a staggering scale. The IMF does not consider the environmental impacts of lending policies, and environmental ministries and groups are not included in policy making. The focus on export growth to earn hard currency to pay back loans has led to an unsustainable liquidation of natural resources. For example, the Ivory Coast’s increased reliance on cocoa exports has led to a loss of two-thirds of the country’s forests.
    The IMF bails out rich bankers, creating a moral hazard and greater instability in the global economy: The IMF routinely pushes countries to deregulate financial systems. The removal of regulations that might limit speculation has greatly increased capital investment in developing country financial markets. More than $1.5 trillion crosses borders every day. Most of this capital is invested short-term, putting countries at the whim of financial speculators. The Mexican 1995 peso crisis was partly a result of these IMF policies. When the bubble popped, the IMF and US government stepped in to prop up interest and exchange rates, using taxpayer money to bail out Wall Street bankers. Such bailouts encourage investors to continue making risky, speculative bets, thereby increasing the instability of national economies. During the bailout of Asian countries, the IMF required governments to assume the bad debts of private banks, thus making the public pay the costs and draining yet more resources away from social programs.
    IMF bailouts deepen, rather than solve, economic crisis: During financial crises — such as with Mexico in 1995 and South Korea, Indonesia, Thailand, Brazil, and Russia in 1997 — the IMF stepped in as the lender of last resort. Yet the IMF bailouts in the Asian financial crisis did not stop the financial panic — rather, the crisis deepened and spread to more countries. The policies imposed as conditions of these loans were bad medicine, causing layoffs in the short run and undermining development in the long run. In South Korea, the IMF sparked a recession by raising interest rates, which led to more bankruptcies and unemployment. Under the IMF imposed economic reforms after the peso bailout in 1995, the number of Mexicans living in extreme poverty increased more than 50 percent and the national average minimum wage fell 20 percent.

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