The truth behind the Citigroup nationalization

November 27th, 2008

F. William Engdahl

On Friday November 21 the world came within a hair’s breadth of the most colossal financial collapse in world history according to bankers on the inside of events with whom we have contact. The trigger was the bank which only two years ago was America’s largest, Citigroup. The size of the US Government de facto nationalization of the $2 trillion banking institution is an indication of shocks yet to come in other major US and perhaps European banks thought to be ‘too big to fail.’

The clumsy way in which US Treasury Secretary Henry Paulson, himself not a banker but a Wall Street ‘investment banker’, whose experience has been in the quite different world of buying and selling stocks or bonds or underwriting and selling same, has handled the unfolding crisis has been worse than incompetent. It has made a grave situation into a globally alarming one.

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Hey, Prez-Elect Obama: Say 'Thanks' to Alan Greenspan!

November 27th, 2008

by William Hughes

“The secret for success in life is for a man to be ready for his opportunity when it comes.” - Benjamin Disraeli

In ancient Greece, some of its celebrated playwrights, such as Aeschylus, used a device called the “Deus ex Machina,” in order to resolved a badly tangled plot. Usually, it represented some kind of divinity, whose intervention into the lives of the characters portrayed generally proved fortuitous. In the 2008 presidential election, the winner, Democratic Sen. Bararck Obama, was ready for his opportunity, but he also had help--big time--from above! There was a point in this bitterly fought campaign, where the GOP’s John McCain was able to forcefully dominate the race by making “national security” the pivotal issue. All of that, however, abruptly changed when the massive tsunami, known as the Wall Street-Financial Meltdown, hit home. (1) Billions of dollars in wealth disappeared over night. Bottom line: The Prez-Elect can mostly thank Alan “Bubbles” Greenspan, ex-czar for 18 years of “The Fed” for that meltdown and for his victory on Nov. 4, 2008. (2)

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Brutish Empire Calls for A New Hjalmar Schacht

November 27th, 2008

by John Hoefle


Schacht was the empire's man on the scene, as head of the
Reichsbank and then, Minister of Economics under Hitler

We have repeatedly warned that the Anglo-Dutch Liberal empire is using the death of the global financial system to eliminate the nation-state system and impose a global, fascist, corporatist dictatorship upon the world. One does not need inside information to see this; one merely need examine the policies being pushed by the international banking crowd and take them to their natural conclusion. The push for fascism is, to use H.G. Wells' term, an "open conspiracy."

However, it is always useful to receive confirmation of their intent from inside the enemy camp: According to reliable sources, there is an active discussion within the halls of HSBC's London headquarters of the need for a new Hjalmar Schacht.

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