Transcript for Ron Paul Power Structure (CFR, Trilateral Commission, Bilderberg)

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Power structure - www.mustwatch.eu

we're joined by John Come

Ron there's an old statement what i've read and heard about people saying in congress

Banks never loose

I think that's a general statement. I think that the big bankers never loose

but i think a little banker right there was losing

Because a lot of little bankers are getting closed down because the big banks are gobbling them up

i don't think david rockefeller zulu going to be out selling apples are

pushing pencils anytime soon

a lot of bankers uh... that serbian wiped out that the state level

are losing

but the big thinking power structure seems to have control because they're on

the inside they have control of money

and they know what policy's going to be down the road genuine specified

structure of this

talking about are structural the power structure had basically is made up of a

lot of

very powerful business and uh... corporate leaders in the country

and uh...

italian particular they have formed their organizations they've been around

for that la jolla that they don't even hired anymore you know the trilateral

scrutiny commission

as well as the council for relations

no matter what which president which party is in power

uh... they will appoint to the major officers members are these two

committees

and um... they're always pay they always have control the federal reserve system

so the wall streeters

the big bankers have inside information as far as what is happening what's going

on

and uh... i control over what is pretty significant because

if you can control money you really controlling one-half of

every single transaction so that is a tremendous amount of power

but uh... i it doesn't look like we're going to have any independents are they

saying the federal reserve is independent

pesticides nonsense out

uh... the protection that the congress gave us

to try to keep us from this happening

uh... never authorized the central bank in there are very strict

in the writing of the constitution

to limit the power of congress to go into the meeting of gold coins

to allowing only gold and silver illegal tender

in prohibiting

the printing on paper money all those things we have failed to follow

that's why we have a central bank

with the paper money system

and a lot of inflation high interest rates in a very very shaky economy

so i would say that if we would have followed the advice of the founding

fathers did not allow this power structure

this group of ages papers in industrial is to get control

not only of the banking system monetary system really

our foreign policy and our government i wrote a little speech he gave a speech

right before i left congress and i said i don't think the members of congress at

worli

metal

howell little affect the alvin controlling things

brothers

at that and that means that the congress itself doesn't have much control the

people doesn't have much this they don't have much to say about it either

the control of overall policy

is really in the hands of a very small number of people

who control all the administration's all the appointments to kevin's uncertain

how important is to the federal reserve for that shows

have a single party political system in the united states is maybe

split into a little bit definitely has a single party if you look at the

obstacles put in our ways libertarians again on the good balance it's a it's an

outrage because

we have to spend that more than a third of our energies in our money just to

apply to your maintenance state ballots and uh...

in this uh... distracts as some say since almost impossible you know

they say and i have not personally investigate every law around the world

but they say that we are one of the compass countries in the world

to get the new parties as to the american people be condition

it's great to have two parties we don't want to be like italy where there's

always choices we want to live in our choices it's easier that way and we

don't be like seventeen and it was only one part yeah that's right so they have

to do

for the party never change what's the difference

so we do have one party than policies the retreat you know even if they would

have a different stuff

maybe another republicans we would have

uh... closer to a balanced budget but the deficits or worse with the

republicans

but foreign policy the policy of intervention subsidizing communism

and uh... helping rich allies out always continues republican and democrat stuff

it was the same policy republican democrat supported uh... was like a

really endowment

the c_i_a_ operations of the f_b_i_ all these operations are goes by the by the

other two parties

but i met for that reason we're going to get control funding as well

the other two parties get over a hundred million dollars punitive you know not

too long ago we had the two conventions on national television

republican democratic convention

meaner people didn't watch they should have to pay for it

they paid nine billion dollars

we're citizens were forced to pay

to run this conventions nine million dollars apiece in their forty dollars

exposure making it began

very difficult for a new option a third option

to be heard it's at a very hard to get our message out

uh... but the controllers there whether it's in the political control or the

banking control

or in government policy control

in the administration's i want to touch if i may just uh... your comment a

moment ago about

diabetes

departing speech he left with your colleagues in congress that you were

there for four terms in

uh... i think they are aware of the general level of awareness of your

colleagues in congress at the time do we really do not know

found that all of this is going on with the power structures there unseen that

really manipulating the strings both of them don't know most of our suspicious

but there are the problems are more seriously would never never

uh... admit publicly that they don't understand

the policies uh... i've had a lot of members of the banking committee come up

and ask me questions

the federal reserve system work

when our special going right

out what is the earlier mail and they'll be ready quietly because they haven't

had really studied it

are sold most of them are not even very much aware that there's some serious

that problem

if you get to have somebody to have a committee

that's been around for thirty years or so

uh... i think that they know very much was happening other very much a to do

what's happening in pulling together parliament to get ahead of the committee

unless they better more or less than accepted that

uh... you know by the power structure

but yesterday uh...

or just a quick look ah...

a few years ago

after reading the joint economic report a joint economic committee

that congress

and reading it looked like it came right out the trilateral commission

they look all the old buzzword to try it out of commission reports had all the

things that struck out of commission wanted that

and so i don't know

to say here

when the memberships organizations of these congressmen and uh... senators and

sure enough

almost everyone definite heard member trilateral commission of goldberger

hassle file and i can remember having a conversation with barber

educated that you have the project was he was complaining about you know as

people always complaining about

mead belonging to the trilateral commission he was complain to me and

hot

mila bhi holi was barakhamba but uh... says he resigned from congress we're

here not

the head of the world bank and it out

heil i'll let congress i studied the banking system i'm missing something

about it

david called me he had to live as a bike that's a and i've been waiting at the

telephone waiting for them to a break

but john you've studied a lot of that sort of uh... banking industry structure

and uh...

it's not only in a rock and a bitter international in her lifetime

yes there are and uh... they ties with the foreign banking the interests of

people settle this country had left

of course

came over here and settle down in almost immediately

the uh... the powers that be in the european continent in the money circles

were reaching out those tentacles to gain control of the

a new country here

and that struggle has continued we see attended crucial controller currency of

a struggle

between jefferson

as a matter of fact i have a quote from jefferson that i think it's very

premature discussion here

if the american people

ever allow the banks to control the issuance of their currency

first by inflation and then by deflation

the banks and corporations that will grow up around them

will deprive the people of all property until their children will wake up

homeless on the continent their fathers occupies

so he warned stud farm orgo and here we are and his police is coming true

distant at his side certainly won the fight back then they got the right

position in the constitution the head of the debate over the money issue

apartment he will have won the federalists outlaw stage act

hamiltonian lost uh... but then subsequently it's been downhill and

certainly in this century it never happens at one time you know is that all

or nothing teaching way even though we've got our central bank in nineteen

thirteen

it wasn't a total destruction of the system

still to come from nineteen thirty nineteen seventy one

uh... to open up the floodgates but it was in seventy one

that uh... the last linkage to gold occurred of course in the sixty there

were still some linkage to silver presence everyone only have to do is

look at the economic record of spending and deficit sent

all the economic problems of interest rates and

all the price increases i mean it's just been

totally out of control

and uh...

then the didn't believe in nineteen eighty there was another law to

increased tremendously

cd up our anti-communism savings loans

in getting an increase in at how our total resources from kurt since nineteen

thirty was in nineteen eighty

further enhancing and more power

uh... into the federal jarvis was a time when they

introduced this idea

that we packwood used anything to reserve it used to living as an asset

to collateralized referrals are not see the old days you have gold and silver

as collateral to should know

which isn't in

etc combat you know it's collateral that would restrict the monetary ortiz it

would be a certificate you know would be guaranteed security

that was the end the date changes that you can use any asset

even afford bond

so he's trying to get all that you can use that they have used for too long

they put in the federal reserve and that's the baki

at the collateral prayer federal reserve it

battlestar currency has

you wonder how the currency works it doesn't deserve it work

is something people don't wake up

and realize that money's worth less and that's when you have a runaway inflation

today we just have gradual steady inflation

depreciation of money

causing a lot of harmony

is suffering

one-day we're the country's we wake up in this would be a catastrophe focus on

the on the federal reserve itself up for a moment in that

i wonder how what percentage of the people no

that the federal reserve is not

really a part of the government privately held corporation and who wants

that you know the federal reserve like do you have to a comment on that well i

think very few people understand how it works out because there is a congress

word i'd really like that very much aware of it

but i think it's a little bit worse it just saying it's private

you know they were just prior to it that it had to live within the laws of the

way down cholesterol i think they would have to uh... the republic

corporation and you know it open there is no public corporation you have a

right to know what your corporations do if you are in stock

and the efforts of here in secret

where they get their power isn't the power of the market is the create this

corporation

you know they in addition to be very secretive

have the wrong there is a sugar creation from god

so that we create seventy create especially

stories much worse than just being a private corporations

is a very secretive

friday government ordained corporation that has the power

to counterfeit money it's very very unique in much worse than just being

private

it's the secrecy of it in the power that he gets through government legislation

that makes it so we will

how you get the ranking republican on the house banking committee for a while

but i one of the subcommittee and i don't know interaction and to understand

correctly that members of congress aren't can even go to the fed meeting

schedule i dot e was very interested in should i was on three sub-committees

to being according to the domestic monetary policy subcommittee

but i could not go to a meeting i couldn't get an audit i could even check

the books

in other words you create the money and i i was are you

i was elected to be responsible to the people and i would be

inquisitive and looking into these things here at a_b_c_ we need to know

what the people needed i will tell you they're in charge in word is on the

outside looking in

rather than the people being charge of the government sending me or somebody

else's their congressman to control the bureaucrats was turned upside down

they have control

and they allow us to know what we want and what they think we should know

help what does the federal reserve system actually do

science

so many people say you know i think that's under the federal survival of the

federal reserve bank does

and why isn't it interesting about invest several things one of the nine

vented dozens of ways uh... efficiently that is exchange jackson another

mixture here at the back of the country

received

music ph

the federal government without the debt they tend to have a habit of doing this

at nato headquarters is you know run by republicans the democrats and they'll

spend money ran out the gap

where they stand they have to taxes get ticket tax enough than they have to

borrow

anything can't buy now

that we have one other option ticket tax to borrow

inflate inflate

most important thing to remember is inflating

is not the prices in the prices go up after the money is inflated

in the money loses its value

salute fayette is designed to accommodate the politician in the very

secretive manner

the politicians spend the money

has a special whose guns and we want this we want to ask

the politician gets reelected so he's rewarded

and the tax becomes an indirect taxes are going to record to the people what

we

but the federal reserve does

if they can take a treasury bill

except the treasury bill which now is just a mere

puri tree

they accept the treasury bell ten billion dollars

aniket treasury

ten billion dollars in michigan

the federal reserve get the money

right up there like a pet

they create money

they put any kind of this error expensive

and then that means that the people who got that money immediately get to spend

it it has value

but is it circulates in the economy

the value to purchase permanent is duniya prices going up

the bad part about this is not everybody suffers equally

if the money supply went up ten percent

and everyone of us have the cost of living go up again at least ten percent

it would be nearly the great harm but because of the system it's designed a

little bit of benefit the politicians in the bakers and big corporations those

who get the money

they get the money

they get the benefit needed somebody else in but here are two or three

suffers the consequences

but we read about their federal reserve

essay bankers bank

and uh... we see them that they raise the discount rate or they increased the

money supply

what all these things for me

well the bankers bank means literally that the bankers are required to put

their deposits at the federal reserve system of their account or the federal

reserve system like sap the sap

reports of a reserve the federal reserve has all these regulations and rules so

how they control the whole top banking system

yelled friday today in their efforts to fine tune

although they've literally destroyed the money that you don't want to destroy the

million man want to control things so when inflation hits perking along

they're aware of the same economic arafat's unaware of

and they know that if they're not a little bit cautious about this

uh... they

could have you know runaway inflation so they tend to back off

that benefit from the backing off and he's a tightening credit

raise interest rates and cause a recession

and they do it in the name

of saving the economy

which they have to wear the currency gets out of control

but i know it's coming then they benefit only to the may benefit say no to them

to be a passion and i think you should return to the extent that bad

so they whether the economy's going up or down

if they're designing the policy making they can catch the slain so it's the

inside information they had that they have

but they didn't give the recessions which are

literally the results of the inflation

the system would crumble much faster

but argument as hard money people use that in spite of their arrogance

i think that they can keep this going forever

it is par for the are

the market is more powerful

super

decades they kept that gold price at thirty five dollars an ounce and we will

regulate prize gohil

but they kept putting the money that market finally broke down the price of

gold

well the marketplace will finally

uh... we now in the people wake up and say

it's all papers solace came out

if that's where there's chaos and that's weird

the painters realize they're getting out of control that suede reconnection of

the bankers to the politicians as critical

because them power

is threatened

so that's where they had when they come down with a political control of our

lives

that's why the emergency powers already written

the president can declare an emergency and take over the industries

it's equal rising confiscated all

and that's why

we should be concerned we should be concerned for

uh... you know our prosperity

your standard of living in all

but our greatest concern of the that when these crises come in the market

uh... disrupts

this political system and its monetary system

they were threatened by political power taking away more our personal liberties

of the stuff you know regulations you type of program under the fear of the

emergency powers and they came up even in the country hearings that

that they were emergency powers resented that fact that great hero oliver north

was a good dissipating

in deciding some of these

covalently

if necessary suspend the constitutive

manager i think they're kinda

i don't know if you recall at a concentration camps like this was

brought up in the female t_v_ iran-contra hearings remembered

there'll be a lethal passage nec this is something we can discuss the elderly

people are a lot of bilbao best uh...

you know that's why

who who protected

uh... this information who protected

oliver north

the head democrat

which is usually the power structures the same

but john you bet it makes them

history of the uh... federal reserve having to come about

poets marquee story

and uh... i think it may be in nineteen thirty not to be three years we went

down in infamy in american history because not only do we get

but just barely in nineteen thirteen out of the federal reserve we also got the

income tax in the very same year those two things overturn

to bring anything in our society how have you ever since that time but

it with a very secretive thing

it really goes back to uh...

the bankers getting in a sealed railway car and sneaking off to jekyll island

florida

and it was a very secret meeting

and technicolor firstname club and the company to buy their first names of the

even

people who work there as uh...

waiters and servants and so forth later couldn't identify for sure committees

and participated in that meeting violent

for five people at most but can i believe we have eleven or twelve and

that group of people who literally uh...

laid the basis for what became the the federal reserve

mexican trucks

makes clear october more than people

note that groups are you gonna probably know something in that area of the house

there was a similar whereas woodrow wilson the

people where they are over this occurred i believe in nineteen ten

or so when a magical allows the stragglers a couple of years later a

time i got my you know that was finally passed in nineteen thirty

he was kinda sneak through congress

and uh... you wilson actually signed into law the federal reserve act

like two days before christmas

and when many of the senators and congressmen

of course with transportation in nineteen thirteen the models they have

long since left the nation's capital many of them

but the ones that they wanted to stay and vote to give stands out

wilson signed the line uh... two days before christmas

and traditionally hasn't that been a period whereby gentleman's agreement

that important legislation is not enacted right around the christmas

holiday it may be a gentlemen's agreement that that's generally the time

that i was always most vigilant because i realize that it looks like a perhaps

the most of the more onerous

you know in the last day of the session is unbelievable stacks and stacks of

piece of legislation committed

nobody read anything

so the worst things happen at the time but it is supposed to be

that if the members are attending that they would be doing these kinds of

things that uh... you're absolutely right there was a very low attendance

and

and uh...

it was uh... it was an unusual year because generally congress tinley

gambling a year and i don't know

whether they were called back into session one that was unusual for

congress in

back in those days now it's very common to be all year so packed and they were

using orientation two or three months of the year

but here they were in session in the summer very unusual year and won the

most important pieces of legislation certainly in our history kind of just

washed through at the last minute without anyone really paying that much

attention to it

in biomedical so interesting there

there were a lot of people who work for all the log congressman

western part of the united states heats up more popular

the cool about what's happening they recognize that there is a gravy train

going through the bankers so uh... they've actually were opposed to it

and uh... in reading your book secret federal reserve that i thought was

fascinating but the bankers

seven organization to complain about this federal reserve is

uh... act which was their they were secretly trip that which i think they

have stopped and they were secretly a uh... trying to get past

but they complain that was going to come just so it would uh... the people who

think that although we gotta pass this bill harness the bags yet they were

you're literally getting a license to steal because at really

permitted this fractional reserve banking system to occur where they

concurred that their deposits

will not money that they don't even have said it was a tremendous benefit to the

bankers

nothing of this that you will find and uh...

history books or books on governmental of economic history united states

nothing about how they deliver certainly not teaching in school running a public

let's all the schools hopefully we will

today that its get stuck somewhere let's come forward from nineteen thirteen to

the depression era and the role that the fed played in that inflation deflation

cycle joy to comment on that

yes a lot of people uh... and you can still find in the history books that

uh... the economists were reassure the nineteen twenties that there was no

inflation

prices were relatively stable and they always

uh... i said that inflation was rising prices

but you had a monetary history there was a lot of

monetary inflation during the nineteen twenties

and the money instead of going into production it we need to speculation of

course it bid up the price of stocks and real estate

inhibit finally came to that time when

that there is concern or are they make the decision like that and we think we

have not only save the dollar

stopping inflation but we can make some money on a mistake

we're going to have to turn this off so they cut back on the credit

they cut the stock market crash then of course in the great depression followed

coggins

previous inflation always leads to a correction of indiana ave other

recession or depression

if you compare what happened in eighteen twenty very sort of what's happening

here in the nineteen eighties

and you just think about how many times you read the last six or eight years

the big apple store was there's nothing to worry about there's no inflation

where there's been a much greater expansion pack money now than it was in

the twenties

course there is a greater speculation stock market

in a bigger stock market crash

so i'd anticipated many austrian free-market economists anticipate

that the precession that's coming

will not be a recession and all the a depression card be bigger than the one

we have the nineteen thirties because it will be the correction for all the

now invested all the mistakes made

because of this artificial credit pumpkin

by the federal reserve system so we have to look for the correction the next

president will be blamed for the depression

but it is that they should get the blame it should be the federal reserve policy

in the reagan administration in the congress today who've run up the debt to

create the new money

could set the stage for the next recession connects recession or slant

depression if it becomes that do you have a an idea in mind for when that

might

begin that we see all these books out now the great depression in nineteen

ninety and

another idea but the most important about on-street economics is that you

cannot project

precisely because

events occur with the emotional aspects human beings making decisions that swine

power although many

including myself can say this would be a stock market

but i didn't know some of the october nineteenth occurred in october two

temperament november fifteenth

and maybe becomes wooden people just get frightened and scared in panic

uh... so

austin economics teaches that yes we know what the questions coming

so we don't know the day it's going to start

but still a lot of people say well what do you think because uh... you just have

to

that make a judgment for personal and financial reasons

i think it's going to do this to be another major financial men before the

end of this ship close to the election more likely before that afterwards and

that by next year next spring

it'd be very clear that this country's moving rapidly into recession

we put that question to congressman gonzalez

a former colleague of mine housing banking haircuts ecstatic

and i said that well i've been reading a lot about uh...

helping next president gabrielle next herbert hoover

and he said

if we're lucky

the depression well wait that long

yet i wouldn't have arguable opt out like that but time is running short here

we are in town obvious to ready and uh...

um... recession could start

tomorrow next day they can be very clear i think matter fact the standard of

living has been going down i think history is going to show that

uh... the country have been down the dime subway for the past ten years

it's just not going rapidly in is not confirmed by the government statistics

but they are changing all the time

but you g_n_p_ figures to reassure is everything is ok and forty percent of

g_n_p_

is government spending and we really get the money that credit

and uh... i also out

you know like for cpr me

they change in that it's going up too fast to change the way they calculate it

if you go to the average guy in the streets asia cost of living going on

here i can pay my bills outlining the bond st anymore and uh... so things are

a lot worse than the government leaders to believe

to get back to this matter of

political power he can economic power

and control of the economy

were you when congress one right at most other

now but i was in congress when his son was their albania bill cabinet that that

was their but i didn't know right pavan right hand of course was that

chairman of the banking committee german

he had some good ideas about the federal reserve only had uh...

the den my studies on american power structure is a real gold mine because

his connecticut home which you

made studies of how the uh... big banks in nine states control they yeah

corporations in the united states and its incredible

during walking directors and stock ownership with

they uh... i guess so did you see him at the soho grand might not be the detail

to keep looked at it but it's obviously very clear out of the one that i picked

up

from right happened was he has built a lot of the federal reserve and i've only

made minor modifications to add that that often

and he of course was a champion of the open missing government he wanted to

know what the federal reserve is doing and he never

finally i think it is older two years

they had voted him out of that power position you know even before he was out

of congress he lost

disposition i put in henry roy's who was much more control

uh... by the out banking people

butter

uh... he uh... he was a good person and he wanted more open as i don't know if

he was a strong with the gold standard as i a m but he certainly was against it

the type of banking system and how that

how the banking system the federal reserve serve the interest of the

bankers of large corporations

bankers control the mass media

control of the major industries in the united states

probably settlements are a lot of people say that i guess i a has a date only

that i don't have

you know would prove sitting in my hand but i think it's very clear i can see it

in government and i saw it in banking

and certainly can't be surprising if they're involved with other large

corporations

lawyer the media would be very much involved to that it would be more of a

surprise to find a not to be the case but

i don't think i could

taken into court right now and uh... i think that that

proof that is necessary but i think

those who have studied at taft

feel that that is the case

can you see uh...

this scenario assuming you're elected president of the united states you're

sitting in the oval office can you see yourself sign

a bill or a directive abolishing the federal reserve

well allot would have to happen you know if our

if i went there and i was a libertarian president of the congress remain the

same in

the spending was continuing in the people still want it all those big

government

no i can't tell you i can sign a bill because it would have passed

hot in the first four years of a libertarian administration i don't think

we're going to change that unless we're picking up the pieces

you that i want that have not like that

avoid the chaos and that's uh... my goal but if there's if there's an economic

calamity mingled to libertarians for solutions

then it's conceivable

but that was more like being a profit and then somebody running for president

you know and

and i just don't know how it happens will happen

uh... but i do believe that we continue to do what we're doing continue to spend

one of the deficit print the money

uh... i think we are going to have the prices

but that right now on terrifying to think that the people in washington are

going to want to ask for the answers

they're going to enforce these uh...

emergency powers of g_m_ it will be incumbent control

are not the american people

canoe

addicted you're committee uh... look into the matter of days

uh... that which one country so to be so-called

yes that's been going going to serve in nineteen eighty two was a key here

because there was a big bailout of mexico two argentina brazil

inorder patch it together

and uh... they get everything illegal just like it was uh... illegally gotten

even admitted by donald regan with secretary of that

it was illegal and how they bailed out

continental illinois

and that they do whatever is necessary

to keep the structure together the system together if

big banks got what little banks

but nothing exists in the race is not

liked what was happening in the nineteen twenties nineteen-thirties

and uh...

they'll do whatever's necessary so that's what happened back in nineteen

eighty two they work internationally to

the federal reserve the treasurer of the world bank bank of international

settlements which is the deposit or for all the central banks so you have the

federal reserve banks depositing in the federal reserve system but the central

banks of united states are all the other confusion

bank of international settlements in switzerland to be

the international bankers bank innate all got involved to keep destruction

again and again

restored order that was back when goldwyn

quickly from three turnout up to five hundred dollars within a six-month

period

but then i saw that the market is setup looks like a horse together for a while

longer they certainly have

at the expense of the american taxpayer

and at the expense of the dollar

the questions that the dollar value has gone down forty fifty percent invaluable

occurrences prices continue to rise eventually my target is

the marketplace will overwhelm even those men of great power

and there will be

a pani

that the bankers won't be able to maintain

and then they will want to maintain their power but not by not by

fine-tuning the economy

but then by the intimidation of political force

but noticed the very little talked about doing that

this is from the alternate press

where about

head of the fed called broker

got a little bill or a little

sentence on a writer on a bill passed through congress that

if necessary please foreign debt that these

that third world countries to the u_s_ banks

we'll be back arrives

justice way of saying that the u_s_ taxpayers to pay for it yes this was

part of that motor control act and that means that he had found the fed can hold

any asset they can hold off for bond

a little bit of a lot to taken by mexican bond that's four plus

putting the federal reserve and the word monetize means

is that it can be collateral for issuing credit issuing federal reserve notes and

that will be considered an asset

probably at face value

they're not going to be i mean the bond is really worth anything obviously

but they can monetize that that is we may we'll take it as an asset

create new money in distributed

so that isn't that correct

bailout by pakistanis its power its an indirect because what we do is we by the

mexican bond

ended with the bond hot in the federal reserve actually did it works twice

because

that say the mexican bond is a billion dollars worth of mexican bonds and their

so the festival won't buy maybe some are casual by your bond from being we give

them the money they take that out of

out of the system and they send it to

but it would be taken to the asset it becomes

an asset to the federal reserve is all we have something we can back up our

current siguiente

and so they think is worthless

instrument that they paid for

with the arab money in the neck put it in their assets of the nation

create used and to create more money so they really

monetize it twice so to speak

how closely tied

federal reserve system and a u_s_ banking system with the

european banking system rothschild

the international bankers are buddies

you know in the air is there a closer together

and they deal with policy outside most of the legislative institutions that the

central bankers are more powerful than say the

uh... congresses of the different countries they have much more power

and therefore

through the bank of international settlement in the i_m_f_ and world bank

they have total control this and they have meetings

or even the secretary of treasury pessimistic it strictly the bankers the

federal reserve in the bundestag in

all the other base of world they get together

and they make these plans and that's why they come up

with the bailout systems you know if there's a banking crisis someplace

but uh...

bay they will have do whatever they think is necessary by the creation of

new credit right now they have made the agreement

that they will create more the special drawing right which is nothing more than

credit instruments in the early enough

they create amount of d_n_a_ here i have a monetary value in all based in all

currencies

and they can give those to whom it or do you think

and that i disagree dick recreate forty billion dollars

worth of into

special government

out there

they'll pop them as the role that i am a

fifteen seems to me that there will be taxpayers' money goes the i_m_f_ they

give it to the third world country which in turn turn to back over to the banks

of the kleczka and a lot of it just goes directly from uh... you know the

taxpayers directions and they do that because of third world saw a computer so

that was you know a few years back i guess was eighty three there was an idea

that they are neighbor

in financial trouble it was nine billion dollars

most of that money was this a pay interest

you know just to the big banks

that's why the panama canal treaty existed

uh... there was a banking deal to it was uh...

panama was having trouble making their payments to the banks and they need a

better cash flow the canal treaty occurred they had

more income

now there are uh... lower gold that noriega sick whites who will be here and

there are a little bit bored by it all that

that you tried yesterday on noriega with

really let him pick people from our business banking industry they had a

banking hey you know they're the mental noriega since uh... quite so be it it's

making the bankers will nervous

they'd like to get rid of it so far i haven't been able to

and i think one of the reasons he has a lot of

hit a lot of information that he has threatened to wear

racing you ever get too close to his word and let the world that was actually

how you've been dealing with this in subsidizing are drug traffic

so i think he's doing blackmail

people who've studied date

drug trade say that shifts were it not for the collusion and uh...

facilitation

watering the money by the big banks

the drug trade would be a bihari

that have a great deal of difficulty because that a little early in the body

to some of these banks

him a little banks and

and they didn't wear

you know still running through those a great pretense

that there's going to be a lot of crack down on all these drug dealers and this

money coming in or not they're going to find out who it is

but i think that's basically

designed to use as an excuse to publicists turned against drugs

so that they have currency controls on whom

on american citizens who finally live up to date

hey i can preserve our wealth of this country i'm gonna put a couple careers

over in this over into swiss banks

so they try to take everybody waited near the time of runaway inflation

people will take the money out of the country

to preserve their well

and that's why there have been doing writing all these laws

not to test the drug dealers i think that's just doesn't you know that i do

you often

think the real reasons have currency controls on american citizens

because once

a large number of citizens decide to leave missing a common people of mexico

tried to come here with me at making prices occurred you know the government

clamp down you can take money out

they steal fiat

but we'd we have is that

weaker controls and nineteen seventies

currency controls trying to keep people britain had amman off and on

in the hallway always resort to those kind of things

uh... so we can anticipate it

but i think that's one of the uh... purposes of the big drug issue resorted

to

write these laws so that they control

innocent american people who would like to preserve their wealth

but they could plant they could do away with adultery pretty fast they really

clamp down on the big banks but there they had people in the power structure

net that's right but they're not likely to do that

kuttner

but john you have uh... taking a look at foreign investment in the united states

something statistics have internet starting with you we look at it on and

one on sun mon

run your from houston then there was a uh... story recently about houston prime

real estate they're being about thirty six percent foreign-owned that occurred

in the u_s_a_ today front page story

uh... prime real estate in los angeles forty nine percent forty six percent

something like that for now

we're seeing now investments everyday banks being bought commercial properties

farmland

that i saw there was a study released last month on it but it's the foreign

investment total

in the united states now is in excess of one point three trillion dollars and

growing i had a tremendous right

uh... we call it the liquidation sale of america

why is it happening

uh... there are several reasons why it's happening but i think in a lot of those

of us was from a bank that

japanese

japanese investors

page rather interesting to note that we had to fight a war not too many years

ago as you can we do with hockey won the war

and now they are home

not only uh... a lot of used to the los angeles they'll be watching tv teacher

they've won uh... bondhu are bad policy with the could win the war

the main reason is the dispute are sick currency we have a balance of trade

problem but we compound that by literally

exporting a lot of our money through foreign aid and military so we need to

pay and get the benefit of fifty billion dollars a year by asking for all their

nation depends

so we sort of subsidized them and uh...

because we're less competitive in our interest rates are high in our interest

rates eight nine percent of the inner twenty three percent

at labor costs are lower so we can compete anymore that's why we can't find

japanese products

a lot of people say well the only solution is is to write a large native

americans can't buy japanese cargo for disasters allot investors covet

we have left don't accept that as

treating the symptom rather diseases eases up foreign policy

where we subsidize these rich allies at the same time

we have a currency this week we have economic conditions have made a strong

competitive

we don't want to take away the right of the individual to buy whatever party

once we don't want to

some type of walling off of our country and say nobody can come and go ahead

people taken and i want a right to go out of the country and that's

and that means we have to allow somebody else to come in here who has a large

solution is

free-market sound money low interest rates competitiveness free market prices

in labor

quit subsidizing shapiro a different foreign policy

then i don't mean to interrupt where we've never had to worry about

if ordered by end of this country until

recent times

japan until we got into the east

economic problems

but it's mysterious people who say we shouldn't

uh... keep financing base defense of western europe and japan

and yet those people who are buying american securities implementing our

deficit so they are and your honor's yall so they are indirectly paying for

their own defense you know there is that there's some truth to that and uh... i

think is going to be able to do i think that

sometimes they're buying the car get when it doesn't make a whole lot of

sense but

tend to think about it you know this internationalism

uh...

they did this in order to maintain their order for their benefit so

even if it is into japan's central banks interests

you to buy our securities uh... for strict economic m_i_t_ or by somebody

else's security make more money

and i get a bus with security might be a better deal

but if it's best for order uh...

in their eyes i think yes they will in indirectly that is the case so

i hate long-term we can't paid his debt so if we go to pay him a trillion

dollars that they've bought a trillion dollars worth of our treasury bills

i think they're going to be left holding the bag that's when i think the panics

account with finally gallons on them

that their holding a lot a lot of the day after they quit buying art dept

that'll be the precipitating event for the prices

and that's when the deadly cocktail

you know this is a cartel central banks

i never working pretty well together there's a lot of power there but i think

they'll finally

break up the bill clark allendale yet uh...

a little bit n c and that they will bark at me in the pinnacle start

just under a potential problem one of the buying up so much u_s_ industry

embankment land

and that is

with

ownership comes control

and power

so are we used to letting them do this actually

giving the japanese were more power over are declining so session that's what we

should change our policy is where we should somebody

i think it's very dangerous because uh... that we literally we'll lose

control

and uh...

that's one of these are urgent

that we looked at balancing a budget as quickly as possible

restoring sound money and changing our foreign policy

if we're concerned which i think everybody else i don't think anybody as

i'm concerned i think some people come up with different solutions but

i want to

not deal with it in a row sensor probably bring some little

rigid rules say well i can solve this if we just keeps pm's cars out here

competitiveness on our part

it's not that easy i mean we have to look at the big picture

of the economy no monetary system the deficits uh...

the whole thing put together

in order to solve it

needs it's not easy

well thank you for sharing your time with a stake in europe your background

inside

and uh...

we all got a look at some place to go home at the crash occurs or not where

it's going to be a bit we gotta prepare ourselves that we all got start studying

japanese hopefully no idea