Mark Evans - Global Financial
The "big five" prime banks of Wall Street, the owners of
the "Class A" stock of the NewYork Federal Reserve Bank,
and Bankers' Trust.
The Class A stock of the Federal Reserve has not been
sold or traded on the open market since it was
hermetically sealed from the public at the end of the
summer of 1914.
It is the exclusive property of Wall Street and
European prime banks, whose major stockholders are the
trans-Atlantic Ruling Class.
This pattern holds true of Central Banks
throughout the nations of the advanced capitalist
The Big Five have interlocking directorates with the
"Seven Sisters," the Anglo-Dutch-American oil cartels:
BP (British Petroleum)
and Standard Oil of California (SOCAL)
Several of these trans-Atlantic money and commodity
cartels financed Mussolini and Hitler and actively
maintained their connections with the Reich throughout
World War II.
They were also all actively involved in Stalin's
Russia by the beginning of the first Five Year Plan in
None of this is really secret-anyone can
discover the facts by doing a little research. Nor
should it be considered a "conspiracy" (either by those
who promote or deny the essential facts of the matter) -
bankers and businessmen have been "trading with the
enemy" for centuries. It is just one more example of
"the wise investment policy" of cartels like J.P. Morgan
and Co. and Standard Oil of New Jersey.
Global Financial Centre - B.I.S.
The seat of first world finance capital is Basel,
Switzerland, where the Central Banks of the Group of
Seven (G-7) form the directorate of the Bank for
International Settlements (BIS).
The G-7 include:
The G-7 are called the "Hard Currency Countries"
because their Central banks, corporations privately
owned by the Prime Banks of these nations, have acquired
most of the mined, milled, and ingotted gold of the
Approximately 80 percent of this is in the
vaults of Credit Suisse, under the Berghoff, the airport
A somewhat larger formation, called the G-10,
The U.S. has become the greatest debtor nation on earth
because the Prime Banks of the other nations of the G-10
(especially Britain, Holland, and Japan) have purchased
the U.S. government debt in the form of semi-annual and
tax-exempt U.S. Treasury Securities through the
operations of the Federal Open Market Committee, the
Fed's window on Wall Street.
Of these U.S. Treasury Securities, 95% have been floated
since the end of World War II to finance the Cold War
against the "Evil Empire."
Now Communism has been deflated as an enemy; nativist
fascist movements are being pumped up all around the
globe and the aggregate Debt is approaching the net
worth of all the real estate and movables on the planet.
Now, also, the U.S. and Russia are joining their
military and space programs, the U.S. is becoming by
degrees a full-blown totalitarian state, and the
bankers are beginning to foreclose upon the bankrupted
minions and dupes within their new global condominium.
The World Central Bankers' Bank
The Bank for International Settlements (BIS), the "first
beast", was founded in 1930 and was the first entity to
be called a "World Bank."
Monetarist and gold-based, it functions as a
clearing house for the balance of payments between
It operated throughout WWII as an interlocking
directorate and a clearinghouse for joint Allied and
Axis high finance.
The World Bank/International Monetary Fund (IMF), the
"Second Beast," was founded in 1946, after being drafted
at Bretton Woods, New Hampshire, during the war in 1944.
The IMF functions as the collection agency for the
World Bank, much as the IRS functions as the collection
agency for the Federal Reserve Bank.
The Wall Street branch of the Federal Reserve
is the "fiscal agent" for the IMF in the USA.
The capital pool of the IMF consists of the
Prime Banks of the First World, which interlock with the
First World (G-7) military-industrial complexes and the
The IMF functions under the aegis of the United Nations,
as a Keynesian paper credit-mill, extending credit in
the form of Special Drawing Rights (SDRs) to the Second
and Third World debtor nations, requiring that they
purchase specified amounts of the currency of the G-7
nations, imposing "austerity terms" upon their internal
economies, and looting them by means of "repayment
schedules" of their natural resources and minerals.
These are channeled through the General
Agreement on Tariffs and Trade (GATT) to the
multinational cartels, also headquartered in Geneva,
With the implementation of NAFTA and the Uruguay Round
of GATT, the real wages of blue and white collar workers
in the U.S. will be leveled in time to near parity with
the Third World.
The last "Superpower," the United States, is not the
primary head of the G-7 Beast, but is, owing to its
debtor status, the last head, appropriately close to the
horned tail, engaging disproportionately in UN Security
Council "police actions" around the globe.
International Capital, having gone "global," will
increasingly employ the blue-helmeted troops of the UN
to enforce the hegemony of Capital in the future.
Source of information:
The stewards of the world’s largest economies have
agreed to an ambitious plan that aims to boost global
output in the Group of 20 countries by an additional
$2-trillion (U.S.) over the course of the next five
years, an unprecedented agreement that Canada played a
key role in brokering.
Finance ministers and central bankers that together
control around 85 per cent of the world economy vowed at
the economic conference in Sydney to implement concrete
policies and structural reforms in their own countries
that would grow global gross domestic product by an
additional 2 per cent on average. It’s a soft target
that would come in increments of 0.4 per cent a year
above current trajectories; if achieved, it could
generate tens of millions of extra jobs.
Finance Minister Jim Flaherty told a news conference
on Sunday that Canada would outperform even those growth
targets in the future.
“Canada played a key role as the co-chair of the working
group on sustainable growth, and this was one of our
recommendations,” Mr. Flaherty said. “I’m quite
confident that Canada will overperform in terms of the
average of 2 per cent.”
An International Monetary Fund report released shortly
before the summit started laid the foundation for the
2-per-cent growth target and outlined numerous
structural reforms necessary to achieve it. The IMF said
China should stick to implementing its ambitious
economic reform plan, pushed for advanced economies such
as Germany to boost investment through tax and financial
system reform, and stressed that Brazil and India needed
to eliminate infrastructure and regulatory bottlenecks
in order to continue powering the world economy.
The G20 communiqué underscores the sluggish nature of
the current global economy, which has recovered from the
depths of the financial crisis but remains fragile and
vulnerable to shocks, such as the turmoil that recently
devastated emerging market currencies as the U.S.
Federal Reserve Board began paring back its bond-buying
Mr. Flaherty and Bank of Canada Governor Stephen Poloz
both said they were heartened by the economic recovery
in the U.S., but Mr. Poloz stressed that the recession’s
scars are still visible and that volatility would remain
in emerging markets that haven’t implemented key
“We remain concerned about the damage that has been
wrought by that cycle and are only seeing slightly
encouraging signs of a rebuilding,” Mr. Poloz said in an
interview on Saturday.
The conference also revealed the limitations of a group
that observers point out no longer has the unifying
effect of the global financial crisis behind it – a
gathering that has expanded greatly to include
developing-country behemoths in a way that better
reflects the true makeup of the modern, global economy
but with wide gaps between members’ common interests.
India’s central bank chief has previously complained
about the devastating effect of the Fed’s tapering, and
there were suggestions early in the summit that there
were extensive conversations on central bank
information-sharing. But items high on the agenda for
developing nations – such as securing better knowledge
of looming monetary measures and gaining traction for
reforms from 2010 that would give poorer countries a
greater say at the International Monetary Fund –
received only vague, non-binding assurances.
Still, Mr. Flaherty said developing nations “did not
feel put upon” by the results of the meeting.
“Some of the emerging economies have been relatively
hard hit by currency trends, and they voiced that
concern,” Mr. Flaherty said. “And I understand it. I
look at our own currency, and I see the bit of a hit
we’ve taken with the Canadian dollar – it’s both
positive and otherwise, given exports and manufacturing.
But it matters a lot to the emerging economies.”
The communiqué did note that the G20 member states
“deeply regret” that the 2010 reforms remain
unimplemented and urged the United States, where the
reforms are stalled in Congress, to act. But as with
much else at multilateral gatherings, the heavy lifting
will come down to political will within political
“We need reliable long-term resources in order to face
potential risks and potential crises, and there will be
such crises in the future,” IMF managing director
Christine Lagarde said. “We need an institution that is
representative of the evolution of the economy, which
requires that the 2010 reforms be actually delivered
Yves Tiberghien, a University of British Columbia
professor who studies the G20, said the results of the
summit are “very limited” and that the only words that
were not “bland and general” were in the communiqué’s
language putting pressure on the U.S. to ratify IMF
reforms in Congress.
“All in all, this is a meek interim summit that keeps
the process going, but does not reveal new ideas,” Prof.
There was a good deal of optimism about the
strengthening U.S. economy and on China, where economic
activity is slowing but GDP growth is still on track for
more than 7 per cent this year. There was also broad
agreement across areas such as international tax reform
to clamp down on tax-base erosion and tax evasion. But
there was a strong sense, particularly from Australian
Treasurer Joe Hockey, that governments have worn out
their monetary and fiscal firepower combatting the
recession and now have to do more to enable businesses
to create jobs and invest in infrastructure.
“There is no room for complacency,” Mr. Hockey told a
packed crowd as the conference ended.