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