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Bankster Coup d'etat
By
Junious Ricardo
Stanton
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The ascension of
Mario Monti to the Italian prime ministership is
remarkable for more reasons than it is
possible to count. By replacing the
scandal-surfing
Silvio Berlusconi, Italy has
dislodged the undislodgeable. By imposing
rule by unelected technocrats, it has
suspended the normal rules of democracy, and
maybe democracy itself. And by putting a
senior adviser at Goldman Sachs in charge of
a Western nation, it has taken to new
heights the political power of an investment
bank that you might have thought was
prohibitively politically toxic.—What
price the new democracy? Goldman Sachs
conquers Europe |
With all the commotion as Greece and Italy teeter on the
brink of financial default, it’s becoming obvious the
bond holders and international banksters are attempting
to impose a neo-feudal system of debt bondage and
peonage on the world’s citizens. In the midst of this
intrigue and manipulation little has been mentioned
about the fact the leaders of Greece and Italy sold
their people out to the vampire bankers then immediately
stepped down only to be replaced by representatives from
the international banks! With pressure building to save
the bond holders and banks,
George Papandreou the prime
minister of Greece initially announced he would
introduce the issue as a referendum to be voted on by
the Greek people. His decision meant the Greek people
would vote whether or not they would shoulder and pay
off (over several generations) the massive debt their
government created. No amount of election rigging by the
bankers and their political flunkies would make that
happen.
Papandreou’s
announcement instigated a firestorm in elite
international banker circles. Their puppets in the media
immediately denounced him and his European political
peers were so relentless in their chastisement of him,
he reneged on the popular vote referendum idea then
worked with the legislature to force passage of
crippling austerity measures. Then to add insult to
injury he stepped down so the banksters could get their
man in. His replacement was Lucas Papademos former vice
president of the European Central Bank a privately owned
banking cartel which functions just like the US Federal
Reserve Bank which is also a privately owned cartel.
Papandreou sold Greece to the bankers and skipped
merrily on his way.
This same scenario played out in Italy. Italy like
Greece is in deep financial difficulty. The country is
also looking down the barrel of a major economic
collapse and default. The prime minister of Italy,
Silvio Berlusconi,
no stranger to scandal and controversy resigned
immediately after he and the Italian parliament passed a
budget the bankers and bond holders needed to insure
they would not be left holding the bag on billions of
toxic loans and debt. The deal calls for the citizens to
bare the brunt of the repayments via austerity and
suffering. Like Greece’s Papandreou, Berlusconi was
replaced by an international banking insider,
Mario Monti. Mario Monti is an
international advisor to the global vampire investment
banking firm of Goldman Sachs. That’s all you need to
know to see the fix was in. Neither
Papademos nor Monti
were elected by the citizens of Greece or Italy,
respectively. So what we are witnessing is a global coup
d’état by the banksters.
But this is nothing new, the banksters have done/are
doing the same thing in Africa. For example the new
president in Cote d’Ivoire is
Alassane Ouattara a former
deputy director of the International Monetary Fund
(IMF). After a controversial election against the
incumbent
Laurent Gbagbo, Alassane Ouattara who was
backed by the US, France, and the UN declared himself
the victor despite the opposition of the Cote D’Ivoire
Supreme Court. After being threatened with Western
military intervention (like the West unleashed months
later on Libya) Gbagbo withdrew his claim to the
presidency. Now a former IMF functionary
Ouattara runs
the West African country of Cote d’Ivoire where
(surprise, surprise) major reserves of oil have been
discovered.
In Liberia
Ellen Johnson Sirleaf,
is president. Like
Ouattara in Cote d’Ivoire Sirleaf
is a former global loan shark employee.
Ellen Johnson Sirleaf
is a former
World Bank, Citibank and Equator Bank, a subsidiary of
HSBC (Europe’s largest bank) employee. She was recently
reelected to a second term as president and will
continue her role as a sock puppet for Western
neoliberal interests. Oh by the way there is oil in
Liberia, too. It appears we are witnessing a global
initiative by the elites to to take over
governments and central banks and replace the heads with
their people.
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Goldman Sachs' senior
European economist
Ben Broadbent is leaving
the firm to become a member of the Bank of
England's nine-member Monetary Policy
Committee. Broadbent has been a senior
European economist at Goldman Sachs since
2000. If Mario Draghi becomes head of the
European Central Bank (He's the favorite to
replace
Jean-Claude Trichet after Trichet
completes his term), Goldman Sachs will have
former employees at the New York Fed
(William Dudley), the Bank of England and
the ECB.—The
Goldman Sachs Influence Over Monetary Policy
In the U.S., England and the EU
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“Goldman
Sachs is a global bank that specializes
in mergers and acquisitions, asset
management and prime brokerage. It provides
financial advice to corporations and
governments around the world. Its executives
can be found in all key levels of
government—Mark
Carney, head of the Bank of Canada,
Stephen Friedman, Chairman of the
Federal Reserve Bank of New York,
Mario Draghi, President of the European Central
Bank and
Henry Paulson, former Treasury
Secretary (USA) and
Otmar Issing, a one-time
board member of the Bundesbank and ex-chief
economist of the European Central Bank.
Goldman Sachs are the world's foremost experts on
taking over large institutions and running
them. Their people—current and former
Goldman Sachs executives— have been quietly
advising world leaders on economic policy
for years. No one is in a better position to
take over and manage the world, for their
own profit. It was only a matter of time
before they put their expertise into use.
Goldman Sachs's plan is simple: run the economy into
the ground and step in to save the day.
Look at the results so far. In two European
countries, elected leaders have been removed
and replaced with executives with sweeping
powers. What's not apparent from news
reports is that the new leaders of Italy and
Greece are closely connected with Goldman
Sachs.
Lucas Papademos, named new
Greek Prime Minister was former head of
Greece's Central Bank, where he worked
closely with
Goldman Sachs to help the Greek
government mask the true extent of its
deficit.
Mario Monti
was an international adviser to
Goldman Sachs from 2005 until his nomination
to lead the Italian government. He also
worked closely with Goldman Sachs to reduce
the apparent size of Italian government
debt.—
Op-Ed:
The Goldman Sachs project — New world
government? |
Of course this is not just
happening in Europe and Africa, it is happening here in
the US too.
Goldman Sachs is the revolving door for the
US Secretary of the Treasury and the firm seems immune
to fraud prosecution by the SEC or the Justice
Department. We now see just how corrupt the US is.
Congressional insider trading and investment deals where
our Congress critters profit from exclusive information
and opportunities their status as lawmakers provide
reveal how pervasive and endemic the corruption is. The
US is as much a banana republic as any “third world”
nation ever was.
Recently I saw a
cartoon on the Website
WhatReallyHappened that showed a jail cell jammed
with Occupy Wall Street demonstrators/protestors with a
caption saying arrested for protesting financial crimes.
Adjacent to that pane was the picture of an empty cell
with the caption saying bankers arrested who created
financial crisis. What’s wrong with that picture?
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Planned Privation in the Land of Plenty—Junious
Ricardo Stanton—24 November 2011—“The Temporary
Assistance for Needy Families (TANF) program is designed
to provide cash assistance to poor families. It's sort
of a last resort cushion after unemployment benefits and
family charity have run out. Before 1996, it was better
known, somewhat derisively, as welfare. But in 1996,
Congress, with the blessing of President Bill Clinton,
decided welfare needed reforming.
[Aid
to Families with Dependent Children (AFDC) existed
from1935-1996.]
"The old program
had been an entitlement program, much like food stamps
or unemployment benefits—programs with budgets that
automatically rose when the need did. Times like now,
when the country has seen increases in the poverty rate
for three consecutive years and has more Americans
living in poverty than at any other time in more than a
half-century. In 1996, welfare was turned into a block
grant and its budget was fixed at $16 billion, so that
states received roughly the same amount of money every
year, regardless of how many people might be out of work
and suffering. Many Republicans in Congress would like
to do this to the Medicaid program.
"But TANF should
serve as a serious cautionary tale about what happens
when the safety net is left up to the congressional
appropriations process. Congress hasn't increased the
TANF block grant since it was created. As a result, new
data from the Center on Budget and Policy Priorities
shows that the value of cash benefits to poor families
have fallen by as much as 30 percent in some states
simply because of inflation—call it a stealth budget
cut. The reduction in TANF benefits is now going beyond
just the erosion from inflation: In many cash-strapped
states, legislators have diverted money from the block
grant to pay for other things, while slashing benefits
to poor families at a time when unemployment has been
consistently high.”—Poor
People To Get Poorer—Stephanie Mencimer
When the corporate elite colluded with US presidents and
Congress to pursue a policy of globalization, US
de-industrialization and outsourcing of US jobs; and the
financial elite, international bankers and hedge fund
managers decided to turn Wall Street and London into a
giant casino the resulting economic collapse impacted
the whole world. Unemployment is rising and will
continue as the depression drags on. The US government
is broke as are their state and local counterparts. This
situation means the social safety nets which would be
fragile anyway under the circumstances but since they
are being targeted for elimination or privatization by
the fascists (the 1 %) are really perilously in danger.
The monetary policies of the Federal Reserve Bank a
private bank that contrary to the US Constitution was
given the authority to set interest rates and determine
the amount of money in circulation (at interest to them)
have exacerbated the situation because they have created
a disincentive to save, created a borrowing binge that
is sinking the nation and consumers in an ocean of debt
due to their low interest rates and hyper-inflationary
monetary policies.
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Ellen Johnson Sirleaf—10 November 2011—Ellen
Johnson Sirleaf is the president of Liberia, the first
woman to be elected to lead a country in modern African
history. Mrs. Johnson Sirleaf was broadly perceived as
a reformer and peacemaker when she took office in 2006,
after several years in exile, during which she worked as
a World Bank economist. . . .
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On Nov. 10, 2011, following the runoff vote,
election officials announced that
Mrs. Johnson Sirleaf had had been re-elected
by an overwhelming margin. Mrs. Johnson
Sirleaf won 90.8 percent of the vote in the
low-turnout election, easily defeating
Winston Tubman, a former United Nations
diplomat who said he was withdrawing from
the race only days before the voting over
what he claimed was fraud in the first
round. . . .The Carter Center, calling Mr.
Tubman’s claims “unsubstantiated,” said the
election was “well-administered,” and it
criticized Mrs. Johnson Sirleaf’s opponents
for spoiling the vote. . . .
In an interview, Mr. Tubman, a veteran
Liberian political figure who once served as
justice minister under the military dictator
Samuel K. Doe, did not back down from his
boycott call. Mr. Tubman, a member of the
country’s American-descended ruling elite
and whose family has long played a leading
role, said that his party’s attitude toward
the new government would be one of
“noncooperation and nonrecognition.” Mrs.
Johnson Sirleaf, for her part, said she
would pursue a policy of reconciliation. . .
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Mrs.
Johnson Sirleaf became active in politics during
General Doe’s rule after serving as a vice
president of Citibank while working for the bank
in Kenya. An outspoken critic of General Doe’s
corrupt and brutal regime, she was jailed in
1985 for calling government officials
'‘idiots,’' and again in 1986. She then fled to
the United States. In 1997, she ran
unsuccessfully for president against Charles
Taylor, who is now on trial for crimes against
humanity at the International Criminal Court in
The Hague. The campaign won her the nickname of
Liberia’s Iron Lady.
In 2005, she
soundly defeated a popular soccer star, George Weah, to
become president. She took over a nation of 3.5 million
people that was still struggling to recover from more
than a decade of civil war that claimed more than
200,000 lives and displaced a third of the population.
When Mr. Taylor went into exile in 2003, he left behind
a nation shattered by war, with the entire
infrastructure, from roads to electric wires to water
pipes, rotted away or looted. Despite its natural wealth
in gems, rubber and timber, Liberia is one of the
poorest nations, with an 85 percent unemployment rate
and 60 percent of the population under 25 years old.
During her first
term, the nation’s truth and reconciliation commission
urged that she and dozens of others be banned for 30
years from holding public office for their roles in the
war. She has conceded that she gave $10,000 while abroad
in the late 1980s to a rebel group led by Mr. Taylor,
then a warlord, but for humanitarian services. She has
also been criticized for not doing enough to root out
corruption or ease tensions between communities divided
by 14 years of near-constant civil war.—NYTimes
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Greenback Planet: How the Dollar Conquered
the World and Threatened Civilization as We Know It
By H. W. Brands
In Greenback Planet, acclaimed historian H. W. Brands charts the dollar's astonishing rise to become the world's principal currency. Telling the story with the verve of a novelist, he recounts key episodes in U.S. monetary history, from the Civil War debate over fiat money (greenbacks) to the recent worldwide financial crisis. Brands explores the dollar's changing relations to gold and silver and to other currencies and cogently explains how America's economic might made the dollar the fundamental standard of value in world finance. He vividly describes the 1869 Black Friday attempt to corner the gold market, banker J. P. Morgan's bailout of the U.S. treasury, the creation of the Federal Reserve, and President Franklin Roosevelt's handling of the bank panic of 1933. Brands shows how lessons learned (and not learned) in the Great Depression have influenced subsequent U.S. monetary policy, and how the dollar's dominance helped transform economies in countries ranging from Germany and Japan after World War II to Russia and China today. He concludes with a sobering dissection of the 2008 world financial debacle, which exposed the power--and the enormous risks--of the dollar's worldwide reign. The Economy |
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Debt: The First 5,000 Years
By David Graeber
Before there was money, there was debt. Every economics textbook says the same thing: Money was invented to replace onerous and complicated barter systems—to relieve ancient people from having to haul their goods to market. The problem with this version of history? There’s not a shred of evidence to support it. Here anthropologist David Graeber presents a stunning reversal of conventional wisdom. He shows that for more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods—that is, long before the invention of coins or cash. It is in this era, Graeber argues, that we also first encounter a society divided into debtors and creditors. Graeber shows that arguments about debt and debt forgiveness have been at the center of political debates from Italy to China, as well as sparking innumerable insurrections. He also brilliantly demonstrates that the language of the ancient works of law and religion (words like “guilt,” “sin,” and “redemption”) derive in large part from ancient debates about debt, and shape even our most basic ideas of right and wrong. We are still fighting these battles today without knowing it. Debt: The First 5,000 Years is a fascinating chronicle of this little known history—as well as how it has defined human history, and what it means for the credit crisis of the present day and the future of our economy. Economist Glenn Loury /Criminalizing a Race
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The New Jim Crow
Mass Incarceration in the Age of
Colorblindness
By Michele Alexander
Contrary to the
rosy picture of race embodied in Barack
Obama's political success and Oprah
Winfrey's financial success, legal
scholar Alexander argues vigorously and
persuasively that [w]e have not ended
racial caste in America; we have merely
redesigned it. Jim Crow and legal racial
segregation has been replaced by mass
incarceration as a system of social
control (More African Americans are
under correctional control today... than
were enslaved in 1850). Alexander
reviews American racial history from the
colonies to the Clinton administration,
delineating its transformation into the
war on drugs. She offers an acute
analysis of the effect of this mass
incarceration upon former inmates who
will be discriminated against, legally,
for the rest of their lives, denied
employment, housing, education, and
public benefits. Most provocatively, she
reveals how both the move toward
colorblindness and affirmative action
may blur our vision of injustice: most
Americans know and don't know the truth
about mass incarceration—but her
carefully researched, deeply engaging,
and thoroughly readable book should
change that.—Publishers
Weekly |
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The White Masters of the
World
From
The World and Africa, 1965
By W. E. B. Du Bois
W. E. B. Du Bois’
Arraignment and Indictment of White Civilization
(Fletcher)
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Ancient African Nations
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If you like this page consider making a donation
* * * * *
Negro Digest /
Black World
Browse all issues
1950
1960
1965
1970
1975
1980
1985
1990
1995
2000
____ 2005
Enjoy!
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The Death of Emmett Till by Bob Dylan
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The Lonesome Death of Hattie Carroll
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Only a Pawn in Their Game
Rev. Jesse Lee Peterson Thanks America for
Slavery /
George Jackson /
Hurricane Carter
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The Journal of Negro History issues at Project Gutenberg
The
Haitian Declaration of Independence 1804
/
January 1, 1804 -- The Founding of
Haiti
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posted 23 November 2011
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