Written by Jeff Nielson Friday, 14 February 2014 15:04
This commentary has a dual title, because it was impossible to give precedence to either one of these questions of paramount importance. The sequential order of these questions is governed by the fact that an affirmative answer to the first question gives rise to the second.
But such talk ‘puts the cart before the horse’. The first detail of which readers must be aware is the Reuters headline (and article) which provides the basis for these interrogatives:
Fed’s Lacker calls for new laws to end too-big-to-fail threat
Yes, we have seen/heard various banking officials and politicians occasionally muse about “doing something” about this systemic, corporate blackmail in the past. However, the strong/direct language of the title of this article was fortified with equally strong and explicit language in the text:
Calling too-big-to-fail banks “the most critical issue facing our financial system,” a top Federal Reserve official on Tuesday urged new laws to address the problem, including ending Fed emergency lending powers…
This is unprecedented, at least with respect to the last six years of saturation-fraud which has been condoned (if not actively assisted) by the same cast of banking officials and politicians. Here tone is of equal importance to substance. Note the judgmental nature of this reporting:
…new laws to end too-big-to-fail threat
…“the most critical issue facing our financial system”
This is the sort of language which regular readers are used to seeing in my own commentaries – not coming from the lips of either our (corrupt) banking regime or our (corrupt) Corporate media. Indeed, for nearly six, long years; we have seen the media, our politicians, and (of course) the Banksters themselves all referring to the abominable concept of “too big to fail” as a permanent reality, and rarely as a “threat”.
Why is tone as important as substance? Simply look at our own, recent history. Over the past six years of ambivalent weasel-talk from this same collection of Villains; what we have seen is that the weak, equivocal language of these bankers/politicians/media drones has always been accompanied by equally weak action – either no action at all, or mere window-dressing which actually perpetuates the fraud/crime.
Conversely, when we have a “top Federal Reserve official” drawing attention to “the most critical issue facing our financial system”, and that issue is described as a “threat” and a “problem”; it becomes difficult to imagine how such language could manifest itself into anything other than strong legislation – if words do indeed lead to actions.
So let us go down that road. What if (finally) the call to action which we have seen this week is matched by meaningful legislative action, including “ending Fed emergency lending powers”? Simply, it changes everything; or perhaps to put it better, it is an essential first step along a path toward purging a System of saturation fraud/corruption/crime.
Let me connect-the-dots here. To understand this line of reasoning requires understanding what “too big to fail” really represents. Here regular readers already have the answer: too-big-to-fail is literally Corporate blackmail (by the Big Bank tentacles of the One Bank). “Pay us our blackmail, or we will blow-up the global financial system.”
Written by Jeff Nielson Monday, 10 February 2014 14:15
Since roughly the beginning of this year; we have witnessed what is being characterized by the Corporate media as “the worst selloff in emerging-market currencies in five years”. This comes several months after our authorities began a (supposed) investigation into the serial rigging of currency prices in global FX markets by various tentacles of the One Bank.
Only the most naïve or obtuse of readers would not immediately suspect that we are witnessing yet another, monstrous financial crime by this rapacious crime syndicate. It is thus both ironic and amusing that as the mainstream propaganda attempts to pervert and conceal what is really occurring here that it inadvertently described what is taking place, in this Bloomberg headline:
Contagion Spreads in Emerging Markets as Crises Grow
Of course the “contagion” (or disease) which Bloomberg refers to is none other than the One Bank, itself. Simply and literally, this financial cancer destroys everything it touches, as part of an overall campaign to suck-out all of the world’s wealth.
How do we prove the One Bank’s guilt in this crime? The same way we prove guilt with any other crime: means, motive, and opportunity. Both “means” and “opportunity” are very obvious here; given that we are dealing with a financial monopoly which literally controls and operates all these markets. However; it is worthwhile to explicitly delve into the One Bank’s means for perpetrating these financial crimes – as it also epitomizes why smashing this crime syndicate is the primary imperative of our era.
Let me first revisit the Swiss research which defines the One Bank, itself:
In detail, nearly 4/10 of the control over the economic value of [all transnational corporations] in the world is held, via a complicated web of ownership relations by a group of 147 TNCs in the core, which has almost full control over itself…an economic “super-entity”…3/4 of the core are financial intermediaries.
Obviously when the Swiss academics refer to 40% “control” of all of the world’s “transnational corporations”, they are not talking about minority-interests of all these corporations, but rather 100% control being exerted over 40% of all the world’s largest corporations. Thus when the Swiss academics refer to a “super-entity” what they are really describing is a corporate monopoly so enormous in size/scope that it makes Microsoft or Google look like corner grocery-stores in comparison.
More specifically; with the research indicating that 75% of this Mega-Monopoly is composed of “financial intermediaries”; we are clearly dealing with (primarily) a Financial Monopoly. Here; the research does name names: JPMorgan Chase & Co, Goldman Sachs, Bear Stearns, Lehman Brothers, T.Rowe Price, UBS AG, Barclays PLG, Merrill Lynch, Citigroup, Deutsche Bank AG, Morgan Stanley, Prudential Financial, Franklin Resources, Credit Suisse, Commerzbank AG, and Bank of America. These are merely some of the One Bank’s 147 tentacles, and obviously some of these tentacles have since been cannibalized.