Mapping the Golden Circle of the Irish Banking, Business and Political Elite

Mapping the cosy Golden Circle of the corrupt
Irish Banking, Business and Political Elite
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Download the PDF of this excellent report into how the Golden Circle of Banking, Business and Political elite managed to line their own pockets in the course of causing our current financial crisis
http://tinyurl.com/IRELAND-Golden-Circle (PDF - no login required to download)
http://www.scribd.com/doc/31309991/MtGC-ISSU# - (PDF but Requires Login)
http://www.tascnet.ie/

MtGC ISSU

A look at the Bondholders of Anglo shows that Goldman Sachs and Rothschilds are listed as creditors. Both Goldman Sachs and Rothschilds have been acting as 'advisors' to the Irish Gov't
during this crisis. - If that's not a criminal conspiracy then what is?

http://img214.imageshack.us/img214/5097/aibondholders3.jpg

Rothschild Bank AND Goldman Sachs Are Both On The LIST Of Bondholdeers getting U.S. Taxpayer Billions In Irish Bailout

"Of the 80 listed companies only 7 listed pensions and being a cooperative savings institution. Of those only 4 listed churches and unions as their clients, the others could well have been big pension funds. The churches and unions in question were in Germany not Ireland. Those seven companies are amongst the smallest of Anglo Irish's bond holders. I only have figures for four of the seven. The largest, Union Investments of Germany, has a mere €165 billion in assets under management.

The total assets under management which I was able to compile from publicly available figures is €20,871,150,000,000. That is an underestimate because the bond holders who turn out to be Private and Swiss banks don't publish any figures. So Anglo Irish's 'bond holders' hold and invest MORE than 20.8 trillion euros. Guido lists those bond holders as holding between them 4 Billion euros in Anglo Irish bonds.

Now, in my opinion both figures are likely to be wrong. Certainly my figure is a large underestimate. But taking them at face value Anglo Irish would account for one 5000th of the total assets being managed by all the bond holders. So would even a total default by Anglo Irish cause that much, let alone systemic, pain and risk? Why are the 'Bond holders' and the Irish government so concerned that the Irish people be forced to take the loss and pay the debts for them?

Now lets look at the other side of the equation, at Ireland itself. Well Ireland's GDP before the crash, in 2008, was ... drum roll please... €207 billion. Or 0.207 trillion.

SO.... on one side we have Ireland whose bond holders, its people, have between them a total GDP wealth of 0.207 trillion euros. Who are being FORCED, against their will, to pay Anglo Irish bank's debts to its bond holders, who between them hold 20.8 Trillion euros. The people of Ireland are paying to, and protecting the wealth and power of, people who have 100 times more wealth!

So where do these wealthy bond holders live and work?

Germany has the most with 15 of the bond holders. Who between them hold 5.3 trillion euros.
France is next with 10 bond holders. Who have about 4 trillion to keep them warm.
Britain is third with 9 who have around 3 trillion.
The Swiss have 6 but who have about 8.5 trillion.
America has only three and hold only a trillion.

Other nations include, Spain, Belgium, Portugal, Holland Finland, Norway, Sweden, Poland, South Africa and Italy.

All these figures are very rough. The figure for Switzerland is certainly under because Private Swiss banks just don't publish figures. What we can say for sure, figures or no figures, is these are not banks investing widow's pensions or orphan's pennies.

So who are they? Well many of the bond holders are privately held banks, which list their activities as asset management for off-shore, non-resident and high value individuals. To give you an example, one of the private banks is EFG Bank of Luxembourg. EFG stands for European Financial Group which is the third largest private bank group in Switzerland. It manages over €7.5 trillion in assets. It is 'mostly', 40%, owned by Mr Spiro Latsis, son of a Greek shipping magnate. He also owns 30% of Hellenic Petroleum. His personal fortune is estimated to be about $9 Billion."

The cost of Rent/Mortgages helped kill the Irish economy

The cost of housing here was the biggest reason for the large wage bills - According to the OECD. ( http://tinyurl.com/36q5e49) - I have lived in Germany and the UK - in Germany the cost of living is much less than here, in large part due to rent-control and proper tenants rights. the main reason for the high cost of living here was the cosy property speculating cartel, who financed Fianna Fáil - a big merry-go-round, with the money going in in the tent at the Galway races in order to come out again at the other end in tax-breaks for both developer and speculators, including the average-joe who bought a second house thinking they could sit on their arses while the tenants paid the mortgage. These same greedy tosspots were the arseholes that voted Fianna Fáil back in again last time.

The Next IMF-proposed 'solution'?

Fianna Fáil represents the Bankers and the property developing classes etc - they were the ones corrupting the political process. Fianna Fáil are scum - I'll grant that - but they're a servant of even bigger scum - scum you never get to hear about because they manage to keep their names out of the papers and use the likes of Harney, Bertie, McDowell (remember him?) Cowen and Lenihan to do their dirty work.

The Irish people are soon going to find out the hard way that we don't live in a democracy - we live in something that calls itself a democracy but what sort of democracy is it when no matter who you vote for it always ends up the same - there's enough evidence of that right now - every Major political party in this country is lining up to pass that economy-destroying budget. The treacherous Green Party are trying to pull a fast one by pretending they are doing the country some good by 'demanding' an election - a useless election AFTER everyone of the political scumbags votes to pass that budget. That way the new Gov't gets to pretend it gives a damn but it's hands are tied - they will turn around at every opportunity and say 'Not our fault - It wasn't our budget'

Coming soon - maybe to you or someone you know -
courtesy of the
Irish Political Banking, business and Political Elite

Memo to Ireland- "Tell the EU and the IMF to shove it"

So let's look at Ireland and the so called "bail-out" of the country. Which is NOT a bail-out of the nation. It is just another bank bailout.

large excerpt-

This is a black day for Ireland. The Irish people will now face a decade or more of grinding poverty and depression thanks to their venal leaders. As soon as the ink dries on the IMF loans, the second occupation of Ireland will begin, only this time there won't be armored cars and Paramilitaries in fatigues, but nerdy-looking bureaucrats trained in the art of spreading misery. In fact, the loans haven't even been signed yet, and already IMF officials are urging the government to cut jobless benefits and the minimum wage. They're literally champing at the bit. They just can't wait to get their hands on the budget and start slashing away.

And don't believe the hype about European unity or saving Ireland. My ass. This is about bailing out the banks. The bondholders get a free ride while workers get kicked to the curb. Here's a clip from the Financial Times that spells it out in black and white:

"According to data compiled by the Bank of International Settlements, the three largest creditors to the Irish economy at the end of June...were Germany to the tune of €109bn, the UK at €100bn and France at €40bn. These sums amount to 2 per cent of France’s gross domestic product, 4.5 per cent of Germany’s GDP, and 7 per cent of British GDP."

It's useless to pretend we live in a democracy when the people are so easily fooled by the media into turning their rage onto low-paid civil servants such as Teachers and Nurses. This time last year there was a witch-hunt organised by the Political and Banking classes against the low-paid civil-servants, in order to distract the foolish electorate from the Criminal Bailout of the banks and the rampant criminality of the Banking-Property Speculating classes in general. The media all marched in Lock-step behind them writing crap about how teachers and nurses are what's causing the ruin - pure nonsense - and the majority of the idiotic Irish Electorate allowed themselves to be fooled AGAIN - how many times is that now?

The current agenda to drive down the minimum wage is more evidence of this rush to keep the citizens subjugated because I for one will never be convinced that the min wage of €8.65 per hour threatened our balance of payments. But by reducing peoples ability to save means it will increase their need to borrow to make up for the shortfall in the standard of living. I can assure you if you are unfortunate enough to have to live on the now 7.65/hr, it could mean the difference between going hungry or not before the next pay check. - and once again the Financial/Banking and Property Speculating classes are using this as a distraction from the real problem - the mountain of their debt which they have ordered their Political servants (Theirs NOT ours) to pile onto our shoulders.

The Web of European Debt

Taking your eye off the ball at a time like this is fatal - do not allow yourselves to be distracted by Media-Generated witch-hunts. The Media are the mouthpieces of the Banking and Political classes - all they ever do is repeat the message... the are told to disseminate - they keep a few guys like Fintan O'Tooles and Gene Kerrigan around to give the apppearence of objectivity and even-handedness but if you go back and look at how they have reported events over the past 2 years you can see that all they were doing was repeating Gov't Spin.

Yes there are problems with high-paid civil-servants, I'm not denying it - but it's feckin small potaotes compared to the REAL issues - deal with the major problems first THEN move onto the minor ones - remember - TROUSERS First - THEN shoes!

Keep your eye on the Billions-
Don't be distracted by Media-witch-Hunts
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There's plenty of proof that both Goldman Sachs (which some say are a front for Rothschilds) and Rothschilds themselves, are involved in a criminal conspiracy with the Irish Political and Banking classes (who caused this mess in the first place)
See:

1. Anglo Bondholders Advising Government on Dealings with Anglo Bondholders
2. Goldman Sachs Involved In Anglo Irish Bank Bailout Shenanigans
3. Rothschilds controlling NAMA?
4. Ghosts in the Irish Financial Machine - NAMA: deliberate entrapment into eternal Debt-slavery


5. Anglo Irish bank Bondholders - Goldman Sachs and Rothschilds

Anglo Irish bank Bondholders - Goldman Sachs and Rothschilds

http://img214.imageshack.us/img214/5097/aibondholders3.jpg

A look at the Bondholders of Anglo shows that Goldman Sachs and Rothschilds are listed as creditors. Both Goldman Sachs and Rothschilds have been acting as 'advisors' to the Irish Gov't
during this crisis. - If that's not a criminal conspiracy then what is?

Don't just take my word for it - there's plenty of proof that both Goldman Sachs (which some say are a front for Rothschilds) and Rothschilds themselves, are involved in a criminal conspiracy with the Irish Political and Banking classes (who caused this mess in the first palce) See:
Anglo Bondholders Advising Government on Dealings with Anglo Bondholders
& Goldman Sachs Involved In Anglo Irish Bank Bailout Shenanigans
& Rothschilds controlling NAMA?
& Ghosts in the Irish Financial Machine - NAMA: deliberate entrapment into eternal Debt-slavery

The 2 Brians - Brian Cowan and the excerable Brian Lenihan - are not merely 'idiots making mistakes' - if they were then, simply by the law of averages, some of those mistakes, or even just ONE of those mistakes, would put some money back into our pockets. NONE of their decisions recently have done this. So it is rational to conclude that they are not making mistakes. From that one can deduce that they were never working in our favour, but are in fact working for International Financial crooks

and remember - an election after the economy-killing budget, which will pass with the collusion of ALL major Irish Political parties, allows the craven weasels which are the Fine Gael party to say "don't look at us, it wasn't our budget!"

So far I have not heard anything about laying a little more of the burden onto the richer members of this so-called society of ours. Why is that I wonder?

Every time the 2 Brians have had to make a decision over the last while, they have CONSISTENTLY made the absolute WORST decision (for the Irish people) - each and every time, without exception.

The only rational answer as to why the 2 Brians are acting as they are is that they are seeking to secure their own future prosperity by ensuring, after they are kicked out on their arses, that they will be offered some lucrative Directorships/Consultancies arranged through the grateful bankers.

Peter Schiff : The Irish Should Default On Their Debt, Not Become Slaves To Bankers

The OECD released a report a few years ago showing that the main driver of costs and wages was the cost for the average worker of servicing a mortgage

In my opinion this was due to the rampant speculation – too many people buying houses to rent out, expecting to pay the mortgage from squeezing tenants

Proper security of tenure (not the farce we have now where all the Landlord has to do is claim he/she needs it for a one of their offspring and they can evict any tenant) and proper rent control would have quietened the property market just when it needed it. Instead what we got was more and more tax-breaks for speculators

Mary Harney kept claiming that ‘We are closer to Boston than Berlin’ – well Mary I got news for you – Boston had Rent Control and Berlin still has it- so why couldn’t we have had it when we needed it?

Rent control in Boston began in 1968, when exceptional pressures on the rental housing market prompted the city to enact laws that controlled rents and protected tenants from arbitrary evictions and excessive rent increases. (Massachusetts state law gives tenants some basic rights, but does little else to protect them.)

In 1975 Boston began vacancy decontrol, but the important protections against arbitrary evictions and rent increases were later restored. By 1994 only 20,000 units were left with fully controlled rents. Three times that number, 60,000 units, had become vacancy decontrolled, where the landlord could charge any rent to new tenants, but they retained basic tenant protections once they moved in.

Of course the speculators continued to attack tenancy laws and eventually Boston ended up with spiraling rents and a property boom which also eventually collapsed, just like ours – Berlin on the other hand has no such problems

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Some Irish netizens have suggested that the politicians are playing along with the IMF and ECB to get them into the “kill zone” of default territory. "Remember", they say, "if a soldier is an honest man sent out to die for his country then a good politician is an honest man sent out to lie for his country."

They have suggested that perhaps the game is being played by the politicians in full knowledge that they will spring the bank bondholder default trap once the state has a line of credit in place to allow us to reduce the structural deficit in our current account to near zero.

This is nothing but nonsensical wishful thinking

Self delusion is a dangerous thing – especially at times like these –

The 2 Brians - Brian Cowan and the excerable Brian Lenihan - are not some geniuses in disguise, tricking and lying to the bankers, in the service of their country

They are traitorous craven criminals, lying to their country, in the service of the bankers

A map showing why Peter Sutherland is a Cunt

I already said - a long time ago - that the Head of Goldman Sachs European operations, Peter Sutherland, is a c**t

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One more thing this agenda to drive down the minimum wage is more evidence of this rush to keep the citizens subjugated because I for one will never be convinced that the min wage of €8.65 per hour threatened our balance of payments. But by reducing peoples ability to save means it will increase their need to borrow to make up for the shortfall in the standard of liveing. I can assure you if you are misfortunate enough to have to live on the now 7.65/hr it could mean the difference between going hungry or not before the next pay check.

It's official: Republic of Ireland is no longer sovereign

Republic of Ireland no longer Sovereign
(according to Wikipedia -
Click Image for larger more readable version)

I saw it on Wikipedia, so it must be true - List of former sovereign states

• In and around what is now the British Isles
  
  
  
  • Kingdom of England (927-1707)
  
  
  • Kingdom of Scotland (843-1707)
  
  
  • Kingdom of Ireland (1541–1801)
  
  
  
  • Commonwealth of England, Scotland and Ireland (1649–1660)
  
  
  • United Kingdom of Great Britain (1707–1800)
  
  
  • Republic of Ireland (1916-2010)
  
  
  

Irish Economic Problems Solved!!!!!!!! Gov't announce seekrit Fiscal Weapon!!!

Who needs a coherent non-retarded
Economic Policy when you have
Nu-Wonder-Cheese™?

Hitherto utterly useless Fianna Fail Gov't announce astounding scientific break-through!!
Irish Dairy Produce has hitherto unknown miraculous Economic Powers!!

People in need to get free cheese

Preparations are under way for the distribution of free cheese to needy people starting on Monday week.

53 tonnes of cheese will be given to charitable organisations to distribute as part of an EU scheme.

Already this year, over 114 tonnes of free cheese have been given to people in need in this country.

Miraculous Economic Nu-Wonder-Cheese™
Photographed in Seekrit Irish Central Bank Vaults,
yesterday.

The fresh cheddar is coming from production lines in manufacturing firms around the country.

For about two decades, butter was taken from EU intervention stores and given to needy people, especially around Christmas.

Fianna Fail - Cheese Eating
Surrender Monkeys?

But in recent years, it was felt that cheese was easier to distribute than butter.

So this year, the Department of Agriculture has swapped 350 tonnes of butter in exchange for 167 tonnes of cheese.

Minister for Agriculture, Fisheries & Food Brendan Smith said the EU-funded scheme is an important means of contributing towards the well-being of the most deprived citizens in the Community.

Speaking on RTÉ's Morning Ireland, Minister Smith said the Government would purchase the cheese from the Irish Dairy Board and make it available to voluntary organisations, such as St Vincent de Paul.

He said the scheme would also promote the use, value and importance of nutritional dairy products.

He said it may be a small measure but it is helpful to those who are in need.

The cheese is available in 12 x 1kg boxes from stores in Clondalkin, Portlaoise, Kilmacthomas, Cobh and Togher with a minimum of one box per collection.

Permits are now being issued to applicants to facilitate collection.

Minister for Agriculture Brendan Smith announces
cunning-plan to solve Irish economic woes

Ghosts in the Irish Financial Machine - NAMA: deliberate entrapment into eternal Debt-slavery

Ghost Estates in the Irish Financial Machine,
OR: deliberate entrapment into eternal Debt-slavery?
I was reading a post over at Aangirfan which contained this question:

What were the reasons for World War One?

Some people blame Imperialism.

For example, the Austrian Empire and the Russian Empire clashed over Serbia; the British Empire, the German Empire and Turkish Empire had clashing interests in Iraq.

Some people blame Militaristic Nationalism. There were plenty of Germans and Englishmen who looked forward to a fight.

What role was played by Zionist bankers?

I recalled that I had made a number of comments on an Icelandic blog called Time To Think, which discussed this very subject. It all started with this comment, a reply of mine to this post by NOTSylvia on the subject of the Icelandic banking debacle.

Stop thinking of it as a take-over of your State and start thinking of it as a hostile take-over of your Company, Iceland Corp.

It’s more like Economic Terrorism. And get ready for asset-stripping . . .

It could be worse. . . . Ireland PLC’s asset-raping/economic-terrorism , called Nama, is being managed by N.M.Rothschilds.

We are SO F*%ked . .. . .

Something which caught my attention was THIS Document which shows a list of Foreign holders of U.S. Gov’t Treasury Bills.

What is interesting, or really Freaking scary depending on how awake you are, is that Ireland PLC steadily increased their holdings of these rapidly devaluing pieces of paper, from a ‘mere’ $13.9 billion in June 2008 to $50.6 billion by May 2009.

I don’t know what the hell they think they are doing, but I do know I haven’t seen a word about this in the Irish media.

Here’s a graphic:
U.S. treasury Bills. Ireland PLC holdings highlighted
here’s a link to the graphic: Link

Note that Israel, a country of similar population size and in 2006 also had a similar GDP ($129 billion according to the CIA Factbook figures for that year) and whose economy would appear to be equally if not more dependent on the US economy, had in May 2009 less than half the amount invested which Ireland PLC had (in their dubious wisdom) decided to purchase.

Also, note that Switzerland had a figure similar to that of Ireland PLC, invested in US Treasury Securities.

According to Wiki there a 3 main types of US Treasury Securites.
I do not know which types(s) Ireland PLC decided (in their wisdom) to purchase. Some are long-term some are not.

As far as I can ascertain, from the limited info available, the Federal Reserve appears to be mostly owned/controlled by Rothschilds through a series of what appear to be front-organisations.

Regarding the news that NAMA is being managed by N.M. Rothschilds: I heard Irish Foreign Minister Dermot Ahearn say it on the radio. He as trying to re-assure "de peepil" that NAMA was a 'good thing', and was being done in the best interests of all employees/vassals of Ireland PLC. As soon as I heard it, instead of feeling 're-assured', I felt a distinct chill run down my spine.

Ghost Estates of the Irish Property Bubble
Image taken from: Ghostestates.com


As far as I can remember what he actually said was something like

‘The gov’t is taking the best advice on this. We are being advised by N.M. Rothschilds . . .

So, me saying ‘Rothschilds is managing NAMA’ was not quite correct. Still, hopefully you can understand my reasons for hearing even MORE alarm-bells concerning the whole NAMA farce, once I’d heard that little gem of conspiracy-fodder - if not , then perhaps you should read this free on-line book: SECRETS OF THE FEDERAL RESERVE By Eustace Mullins

In Mullin’s book, which he compiled mostly from US Library of Congress records, the author concludes that 4 or 5 of the original shareholdings were held by what Mullin’s concluded were Rothschild-controlled Fronts.

So in future when you hear the terms ‘the Fed’ or ‘Federal Reserve’, it might be more useful to think "Rothschild".

In the book, Mullins makes the point that one of the reasons often put forward in favour of the existence of Central Banks, is that they can help control the economy through regulation of the money supply.

Mullins claims that since the Fed was created in 1913 there has never been an ‘accidental’ recession. He also makes the claim that the Fed was ‘needed’ in order to create (from nothing) money which could then be loaned at interest (naturally) to allow the US Gov’t to finance it’s involvement in WW1. The Fed shareholders such a JP Morgan, Kuhn and Loeb etc., were busy engineering that war at the time.

He states that all economic booms and all economic recessions are simply a result of an increase or a decrease in the available money supply.

Since Central Banks regulate the money supply, it is obviously they who deliberately create the conditions for a boom or a recession.

I’m no financial expert but my in-light of what I have read in the book I came to the conclusion that the recent Wall Street Banksters-bailout was a good example of recession-creation in action.

Money that could have been circulated through the US economy providing health care or even maintaining infrastructure is hoovered out of the economy and disbursed amongst various banks who then refuse to re-lend the money as credit, thus halting the flow of credit the modern-day economy has been engineered to depend upon.

Halting the credit flow decreases the overall money supply, and at the same time the Fed is debasing the dollar through the hilariously mis-titled process economists call ‘Quantitive easing’.

Ireland appears to be dong it’s own version of that by propping-up the soon-to-useless dollar with money they can ill-afford to spare on such a dangerous ‘investment’.

At the same time, acting on ‘advice’ from none other than N.M. Rothschilds they are also preparing to bail out banks and property developers by putting, what appear to me to be, totally unrealistic valuations on now-useless property in what is an over-saturated property market. The idea that these properties will sell for anything like these values in 7 or 8 years seems to me to be a totally preposterous notion.

So again we see money which could have been used to help keep credit flowing and thus help maintain a somewhat healthy/robust economy is being directed into the pockets of the banks. There have been many reports of the Irish banks’ unwillingness to re-circulate this money back through the Irish economy.

Curiously not one Irish economist or media-outlet has drawn attention to these similarities.

But then I have come to believe that Economists are required in order to lay down a smokescreen by providing, or usually merely repeating, seemingly complex explanations (which upon closer examination usually turn out to be complete & utter pseudo-intellectual horse-excrement) for events that according to Mullins are usually relatively simple to explain.

During times of universal deceit, telling the truth becomes a revolutionary act.
George Orwell

You really should read the book. It’s free.

The link above is an actual link to an actually free actually online actually unexpurgated actual copy of the actual book itself, NOT some link to a site trying to sell you the book.

Once you read it, you can decide for yourself.

But you should read it first.

I always prefer when people decide for themselves, once they have read the source material of course, rather than taking my word for it.

OR: you could read page 77 of The World War of 1914-1918 by Harry Elmer Barnes - another free online book.

The influence exerted by American finance upon our entry into the World War has been revealed in Ray Stannard Baker’s Life and Letters of Woodrow Wilson, in the volumes of the Nye armament investigation, and in Professor C. C. Tansill’s America Goes to War.

At the outset, the international bankers were not by any means all pro-Ally. Some, like the Morgan firm, were pro-British, and had been for years, while others, like Kuhn, Loeb and Company, manned chiefly by men of German derivation, were pro-German. But the financial interests of all the bankers soon came to be pro-Ally, for credit and loans to Germany were discouraged, while large loans were presently being made to the Allied powers.

On August 15, 1914, at the beginning of the war, Bryan declared against loans to any belligerent, on the ground that credit is the basis of all forms of contraband. President Wilson backed him up. For the time being, this position did not operate seriously against the Allies, for the balance of trade and investment was against the United States, and the Allied countries could pay for their purchases by cancelling the debts owed abroad by Americans. This situation took care of matters for a few months. But Allied war purchases became so great that, by the autumn of 1914, there was a credit crisis. The National City Bank addressed Robert Lansing, then Counsellor of the State Department, on this matter on October 23, 1914. Short-term credits to European governments were advocated. Lansing talked the matter over with President Wilson at once, and the latter agreed that the government would not interfere with such an arrangement. This information was transmitted orally to Willard Straight of J. P. Morgan & Company at the Metropolitan Club in Washington on the same night.

Shortly afterwards, H. P. Davison of the Morgan firm went to England and signed a contract to become the British purchasing agent in America. A similar contract was soon made with France.

The short-term loans sufficed for some months, but by the summer of 1915 Allied buying had become so extensive that the bankers saw that they must float loans here for the Allied countries if the latter were to continue to buy American munitions on a large scale. So they made strong representations to Colonel House and to the Secretary of the Treasury, W. G. McAdoo.

On August 21, 1915, McAdoo wrote a long letter to President Wilson, pointing out that great prosperity had come to the country as a result of the sale of munitions to the Allies, but that this prosperity could not continue unless we financed it through open loans to the Allies—i.e. selling Allied bonds in our own financial markets.

On September 6, 1915, Secretary Lansing argued similarly in a letter to President Wilson, stressing the crisis that faced American business if the earlier ruling of Bryan and the President on American loans to belligerents was not rescinded. Colonel House supported this position. McAdoo and Lansing won their point. On September 8, 1915, Wilson assented to loans and the Morgan firm was once more given oral information. Very soon, the first public loan, the $500,000,000 Anglo-French loan, was floated.

The formal loans to the Allies—over $2,500,000,000 in all—financed their purchases for a little over a year, but their buying was so heavy that even the great investment banking houses could not take care of their needs. By January, 1917, the Allies had overdrawn their credit by nearly $500,000,000. Only Uncle Sam could save the great banking houses and the Allies. And Uncle Sam could help only if the United States were at war with Germany. We could not, as a government, lend money to a belligerent, unless we were at war with its enemy.

79 THE WORLD WAR OF 1914-1918 79

Just at this time the Germans renewed their unrestricted submarine warfare. The United States could now be led into the war, and the bankers would be repaid. They were repaid to the last cent. When the war was over, Mr. Thomas W. Lamont, of J. P. Morgan and Company, stated the facts relative to the attitude of his firm toward the World War and the belligerent powers:

“At the request of certain of the foreign governments the firm of Messrs. J. P. Morgan and Company undertook to co-ordinate the requirements of the Allies, and then to bring about regularity and promptness in fulfilling these requirements. Those were the days when American citizens were being urged to remain neutral in action, in word, and even in thought. But our firm had never for one moment been neutral: we didn’t know how to be. From the very start we did everything we could to contribute to the cause of the Allies. And this particular work had two effects: one in assisting the Allies in the production of goods and munitions in America necessary to the Allies’ vigorous prosecution of the war, the other in helping to develop the great and profitable export trade that our country has had.”53

Most American industrialists naturally shared the attitude of the bankers. Since England controlled the seas, our sales were mainly to the Allied powers. We wished to see the Allies continue the war and win it. Upon their purchases depended most of our sales and prosperity, and upon their success and solvency depended the prospect of their being able to pay us in the end. The trade in munitions carried us from a depression in 1914 to boom years in 1915 and 1916.54

By abandoning his neutral financial and industrial policy in favor of the Allies, President Wilson made it possible for the Entente Powers to enjoy an enormous advantage over the Central Powers in getting war supplies. The only way for the Central Powers to overcome it was to resume unlimited submarine warfare and try to sweep from the seas the ships that were carrying these supplies to the Allies.

It was our unneutral financing of the Allies that led to the resumption of German submarine warfare, and it was the resumption of

53 Manchester Guardian, January 27, 1920.


54 There has been much dispute as to whether we were forced into war by the loans and sales to the Allies or by the resumption of German submarine warfare early in 1917. In an important article in Science and Society (spring, 1939) on “Neutrality and Economic Pressures, 1914-1917″ Professor Paul Birdsall shows that the two were inseparably tied together.

80 THE WORLD WAR OF 1914-1918 80

this warfare which furnished the “incident” that enabled the war party in this country to put us into the conflict. It is, thus, perfectly clear that economic and financial pressure was the crucial factor which led us into war in 1917.

But no one need hold that President Wilson was moved primarily by any tender sentiments for the bankers. Both McAdoo and Lansing argued that it was essential to American prosperity to finance the Allies.

It was this general consideration of continued prosperity in 1915-16, and the relation of this to the prospects of the Democratic Party in the election of 1916, rather than any direct banker pressure on the White House, that bore in on Wilson’s consciousness in the late summer of 1915, when he let down the gates to financing the Allies.

Yet, it is downright silly to contend that the bankers had no influence on Wilson’s policy. If he did not listen to the bankers himself, he did listen very attentively to those who did heed banker pressure, namely, McAdoo, Lansing and House.

Remember that Rothschilds were THE major player of the London-based International finance scene. They also would have been probable creditors to much of the British aristocratic class.

So if Mullins was NOT correct then the establishment of the Federal Reserve, with it’s complete monopoly on the provision and printing of US currency, in a very underhanded way in Dec 1913, just a little over 6 months prior to the assassination of Archduke Ferdinand, could probably rank as one of the most lucrative instances of ‘Just Good Timing’ in the history of modern International Finance.

I however am not much of a believer in the existence of ‘just good timing’ when it comes to International Finance.

According to Mulllins the House of Morgan was little more than a Rothschild front. Morgans first job in banking was in the London offices of Rothschilds.

I keep having to remind myself that Israel is really nothing more than a Rothschild personal fiefdom. Sometimes I forget.

As far as I can make out, the backers of the Zionists see Judaism as merely a convenient cloth with which to cloak their activities. They appeared to see nothing wrong with sacrificing large numbers of apparently expendable Eastern European Jews in order to achieve their aims. It’s a pity that the diaspora and the citizens of Israel cannot see how they and their religion have been used and abused by these people all these years. Just mentioning that this might be the case will get you immediately labeled a ‘Jew-Hater’.

I totally forgot to mention the importance of the fact that the Berlin-Baghdad railway link was nearing completion at the outbreak of hostilities.

I guess the Anglo-American Axis was determined not to allow that to happen.

Imagine the effect that would have had on the oil monopoly . . .

If it had been completed the Berlin-Baghdad (and, ultimately, Basra) railway linkages would have enabled transport and trade from Germany through a port on the Persian Gulf, from which trade goods and supplies could be exchanged directly with the farthest of the German colonies, and the world. The journey home to Germany would give German industry direct supply of oil. This access to resources, with trade less affected by British control of shipping would have been beneficial to German economic interests in industry and trade,[3] and threatening to British economic dominance in colonial trade. Source:Wikipedia

Funnily enough the Berlin-Bhagdad rail link was not finally completed until 1940. Talk about coincidence!!

Some say that the real reason behind Hitler’s Drang nach Osten, Operation Barbarossa was merely to give Germany access to the oil-rich Caucasus.

Some even now say that the recent NATO Drang nach Osten, the Georgian attack on Russian forces in South Ossetia, is nothing more than Operation Barbarossa Part 2.

If the Rothschild Investment Bank(Irish Gov advisors) main business is the lending of funds to governments, then is in their best interests for the country to prosper or go bankrupt???

Obviously, it is the latter!

But it’s not so much the continuance of debt which gives the bankers their power that I find troubling but rather "What will they do with that power once they get it?" – what social and economic changes they will insist the debtor nations instigate in order to ensure continued funding?

it’s exactly the same scenario laid out by John Perkins in his book Confessions of an Economic Hit Man

Eventually EVERYTHING will be privatised. Including the Police. If you can’t afford it there will be no one to protect you, not that Police actually do much protection as it is, but in the future we will only have those ‘rights’ which we can afford to pay for.

In the future, unless we take steps to stop it now – EVERY facet of human existence, from the cradle to the grave will be fully controlled by the banking elite/Corporations