History Repeats from 1907 Banking Crisis to Bailout: A Manufactured Crisis to Loot and Consolidate

[Fireweed247]

Amazing how this “Bailout” parallels the “Banking Crisis” in 1907. JP Morgan caused a run on banks, which then allowed him to scoop up lots of other banks at bargain prices… and 100 years later we have:

* JP Morgan buys Washington Mutual for Pennies
* JP Morgan buys Bear Stearns for almost nothing
* JP Morgan Accused of Bringing Down Lehman
* Naked Short Sales Hint Fraud in Bringing Down Lehman
* Get ready for a wave of bank failures
* And of course this choice quote from a JP Morgan rep last year on what they’re going to do with their $25 Billion bailout,

“What we do think it will help us do is perhaps be a little bit more active on the acquisition side or opportunistic side for some banks who are still struggling....

By the early 20th century the US have already implemented and removed a few central banking systems, which were swindled into place by the ruthless banking interests. At this time, the dominate families in the banking and business world were: J.D. Rockefeller, J.P. Morgan, Paul Warburg, Baron Rothschild. And in they early 1900’s they sought to push once again legislation to create another central bank. However, they knew the Government and public were very wary of such an institution. So they needed to create an incident to affect the public opinion. So J.P.Morgan, publicly considered a financial luminary at the time, exploited his mass influence by publishing rumours about a prominent bank in New York wasn’t solvent or bankrupt. Morgan new this would cause mass hysteria which would affect other banks as well. And it did. The public in fear of losing their deposits immediately began mass withdrawals. Consequently, the banks were forced to call in their loans causing their recipients to sell their property and thus the spiral of bankruptcies, repossessions and turmoil emerged.

more
http://angrymob101.wordpress.com/2009/04/21/history-repeats-a-manufactured-crisis-to-loot-and-consolidate/

[hobbit709]

1. Plus ça change, plus c'est la même chose

and it's always the same people involved.

[Fireweed247]

9. what does that mean?

just curious...

[ConcernedCanuk]

12. Ya know it - "the more things change, the more they stay the same"

.
.
.

short form?

"same old, same old"

(sigh)

[Fireweed247]

13. thanks

:hi:

ya I know it, we've been living it.

[TTUBatfan2008]

2. 1907 manufactured crisis was about creating a central bank...

They scared the shit out of the public and not only did the likes of Morgan scoop up other companies for dirt cheap, they also managed to get the Federal Reserve Act passed. This legislation was written IN SECRET by the Rothschilds, Rockefellers, Morgan, Warburgs, et al and peddled to the public by bought off politicians like Senator Aldrich and President Wilson. Wilson admitted years later that the Federal Reserve was a huge mistake. The banksters own our asses now.

And the derivatives crash has been carefully calculated by the banksters to destroy our economy, consolidate the power even more, and take more of our rights away.

http://www.321gold.com/editorials/moriarty/moriarty042009.html

"Derivatives as measured by the BIS showed as $684 trillion as of last June..."

That is an INSANE amount of IMAGINARY money. The chickens are coming home to roost, just like the banksters want.

Here's just another example in history of how the banksters have manipulated things: Back when Napoleon was fighting England, Nathan Rothschild (owner of the Bank of England) loaned money to BOTH sides of the war and had an agent following the war so that he could receive news faster than everyone else in England. Well, his agent reported the news to Rothschild a full 24 hours ahead of everyone else in England that Napoleon had lost the war. So what did Rothschild do? He started a rumor that Napoleon had actually WON the war, which caused a panic in the English stock market. A massive sell-off occurred, at which time Rothschild bought up a bunch of the companies and entities for dirt cheap. The next day, the news hit England that Napoleon had lost and a huge surge in the stock market occurred, which effectively gave Rothschild complete control of England because he owned so many of the stocks that were going through the roof.

[Fireweed247]

14. geez louise

Why it is always worse than I thought?

[T Wolf]

3. It was Andrew Carnegie (I think) who said long ago, "In a depression, wealth returns to its rightful

owners."

That is what we are seeing played out again - with the full complicity of "our" government (a wholly-owned subsidiary of Capitalist Enterprise, Inc.).

[Fireweed247]

4. wow, what a quote

:grr:

[TTUBatfan2008]

5. Here's some other ones that will tickle your fancy...

Mayer Amschel Rothschild, founder of the Rothschild banking dynasty, once said: "Give me control of a nation's money and I care not who makes the laws."

John D. Rockefeller, infamous oil tycoon and bankster, once said, "I don't want an America full of thinkers, I want an America full of workers."

People need to wake the fuck up to what these people have been doing and will continue doing to us before it's too late and we're all LITERALLY slave labor.

[Fireweed247]

6. "I don't want an America full of thinkers, I want an America full of workers."

That was exactly the reason that George Carlin said we will never improve our educational system.

[TTUBatfan2008]

7. And here's the catch to our education system...

It has been going downhill ever since the government took over. No coincidence that the banksters own our politicians and consequently own our education system. They want us to be smart enough to operate the machinery but not brave enough to think outside the box and use any critical thinking skills whatsoever...which is why there's an assault on humanities subjects in school (English, Philosophy, etc.). Those subjects force you to think outside the box, which is NOT what the banksters want.

[Fireweed247]

8. It's working!

This is why we homeschool.

[blindpig]

10. Would some one like to tell me what's so good about Capitalism?

Don't tell me about regulation, we've been there, done that. Recurrent crisis is a hallmark of Capitalism, not an aberration.

[Fireweed247]

11. It certainly doesn't bring out the best in people

:grr:

[blindpig]

15. Exactly

It rewards greed. Those who say that greed is required to make an economy work lower themselves to the level of bankers.

[Fireweed247]

17. I agree

if only we rewarded compassion and altruism.

[Fireweed247]

16. kick

:kick:

[Cal Carpenter]

18. "Those who do not learn from history are doomed to repeat it."

"Those who do not learn from history are doomed to repeat it."

kick.

[Fireweed247]

19. and certain people have an interest...

in making sure we don't learn our history...

[Fireweed247]

20. oops

“If you want to remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nation’s credit” -Sir Josiah Stamp (1880-1941)

[Fireweed247]

21. kick

:kick: