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[moonblue] 30/5/2004 15:33

* The Panic of 1893 was prepared by the 1890 "Baring panic" in London, caused by the insolvency of Barings Bank, the same one which went bankrupt and was sold off in the spring of 1995. In the resulting depression, the US Treasury surplus was reduced to almost nothing, and a budget defecit loomed. Using this situation as a pretext, British speculators drove the exchange rate of the dollar down to the point where owners of gold began exporting their gold to London. Treasury gold stocks dipped below $100,000,000, and then kept falling to $68,000,000; US national bankruptcy threatened. In response to this crisis, subversive President Grover Cleveland gave control of the US public debt to the New York banking houses of Morgan and Belmont, themselves British agents of influence. Cleveland "sold out to Wall Street" by selling US gold bonds to Morgan and Belmont at reduced prices, with the taxpayers picking up the tab; Morgan and Belmont promised to "use their influence" in London to prevent further British bear raids against the US dollar and gold stocks.

[b b muppet] 30/5/2004 14:27

By John Crudele
New York Post
Thursday, May 27, 2004



Call the cops: The Federal Reserve broke the law.

It amazes me when people volunteer information that
could get them into trouble. Case in point: Robert
McTeer, head of the Federal Reserve Bank of Dallas.

At the World Affairs Conference last week in Houston,
McTeer was explaining how the Fed had learned from
past mistakes and was getting better at containing
recessions by turning on the money spigot.

"We won't make the tremendous errors in judgment
that turned some of the past recessions into
depressions," McTeer boasted.

Then McTeer told about one trick the Fed has used.
His own words work best here:

"I mean, look at what happened in 9/11. We just flooded
the market with liquidity because of all the damage in
New York.

"You know, all these New York banks and investment
banks, they're receiving billions in payments every day
and they're making billions in payments," he continued.
"Just a hitch or two in that system can bring the thing
down."

To remedy this, McTeer said, the Fed put a lot of money
into the banking system. So far, so good.

Then he continued:

"We decided to give credit for checks deposited with us
on the next day, when it would normally be done, even
though all the planes" carrying the checks "were on the
ground.

"We couldn't collect the checks," he noted, "but we
pretended we were collecting the checks and we gave
credit for those checks, [and] created [an] enormous
amount of float - which by law we're supposed to treat
as a real cost to us." (My emphasis.)

"But since we're more a public institution than a private
institution, we decided not to put our cost situation
ahead of the public good," McTeer concluded.

OK, so maybe the Fed can be forgiven for breaking the
law in a time of national crisis. But since McTeer claims
that the central bank learned a lesson from 9/11, just how
often does it plan to use this newfound -- and illegal --
tactic?

Also, did the Fed eventually correct its intentional
bookkeeping errors or did it just leave the extra money
in the banks?

No wonder private accountants think they can fudge
their numbers.

[broomsticks] 30/5/2004 14:20

Scorpio is represented by the planet Pluto which signifies nuclear power.

[moonblue] 30/5/2004 10:36

Bilderberg Conference 2004 - The 50th anniversary of the first meeting in 1954

[moonblue] 30/5/2004 10:34

How could one trader bring down the banking empire that had funded the Napoleonic Wars?

[broomsticks] 26/5/2004 21:51

BB Muppet,

The numbers on the Great Seal have a metaphysical meaning which is given in the Kabbalah. The eagle is part of the triune which includes the grey lizard and the scorpion, combined they represent the astrological house of Scorpio.
The triune also depicts the serpent eating its own tail.

Most importantly all this is handed down through the Wisdom of the Ages.

Metaphysical symbolism is everywhere in life especially in the living WORD.

[hampster] 25/5/2004 02:08

Ashley

have you finally lost it?

or are you maestro in an apron with a trouser leg rolled up?

[b b muppet] 25/5/2004 01:11

BILDERBERG ORGANISATION GOODBYE ALL

[b b muppet] 25/5/2004 01:09

RothsChilds

[b b muppet] 25/5/2004 01:07

J D Rockerfeller JDR

[b b muppet] 25/5/2004 01:06

Franklin D Roosevelt FDR

[b b muppet] 25/5/2004 01:06

STAR OF DaViD

[b b muppet] 25/5/2004 01:05

PENTAGON/PENTAGRAM