October 3, 2008
Back in 2000, before “everything changed,” the Council on Foreign Relations held a conference entitled “The Next Financial Crisis: Warning Signs, Damage Control and Impact” at its posh headquarters on Manhattan. “For two days, several speakers told a high-powered audience of 250 people, comprised largely of bankers, investors, corporation officials, and policymakers, mostly from the United States, but also from Europe, of the possibility that the U.S. stock market, and potentially the world financial system, would melt down,” Richard Freeman wrote in the July 28, 2000, issue of the Executive Intelligence Review.
|Patrick Carmack, producer of the acclaimed documentary “The Money Masters,” details how private international bankers gained control of the American economy.|
At the time, the corporate media was heralding the alleged robust nature of the U.S. economy under Clinton, even as the so-called Dotcom bubble was deflating. Obviously, the CFR knew something very few other people knew or even vaguely gleamed — the global elite were in the preparatory stages of imploding the economy.
The CFR’s eight hour “war-game simulation of the simultaneous breakdown of major financial markets around the world” foresaw what we are now experiencing up close and personal. The CFR’s game closely paralleled what is going on now. Freeman writes:
What had been simulated, was a policy of pumping huge amounts of liquidity by the Federal Reserve, both through public sources and also through secret channels, to “keep the main markets open.” The simulation was conducted such that “all the public would see, is that the Fed volume of loans to banks had gone up.” Further, and darkly revealing, the CFR, according to its own testimony, the simulation began with a coup against the President of the United States.
As for the latter, we have experienced something somewhat different — a coup not by forces outside the presidency but already ensconced within, a coup launched against Congress, the Constitution, and the American people by a coterie of insiders firmly in control of the executive. The CFR enlisted like-minded current, former, and future insiders, described below, to game the meltdown simulation:
For the simulation, the CFR conscripted 75 people, including bankers, former Treasury Secretaries, and former State Department officials. Participants were divided into four teams, sent into four rooms, with the ability to communicate with each other and with a command headquarters through the computers. The four teams covered 1) monetary-financial, which dealt with the functions of the Federal Reserve Board of Governors; 2) economic and trade, which dealt with the functions of the U.S. Treasury Department; 3) regulatory matters; and 4) national security — nut case and former CIA director James Woolsey played the role of Secretary of Defense.
Indeed, Woolsey is a “nut case” â€“ more accurately, a psychopath — and a dangerous one associated with the neocons and the Project for the New American Century, the Likudnik dominated JINSA, Frank Gaffneyâ€™s neocon infested Center for Security Policy, and the American Foreign Policy Council. Let’s say he represented the neocon branch of the CFR, not yet in power when the game commenced on Manhattan. However, it would not be long before the neocons were in control of the White House and began to implement their “new Pearl Harbor” and orchestrate the unitary dictatorship of the executive, resulting in numerous martial law pieces of legislation now hanging over us ominously like a legal Sword of Damocles.
The game-players were hit with breakdowns in several markets, which increased in severity, and in some ways interacted, during the simulation. The market assumptions included: the Dow Jones Average Industrial Average falling by stages, from 10,000 to 7,100; the price of oil shooting up to $36 per barrel; the dollar plummeting against both the euro and the yen; the affiliate of a large British insurance company that was a big player in the equity derivatives market getting into trouble, causing panic in the derivatives market…
“The potential for financial breakdown was often accurately presented at the conference, but no solution was even remotely discussed,” Freeeman concludes. In other words, the purpose of the CFR “war game” was not to prevent or ameliorate such a crash, but obviously how to best manage it after the markets began a precipitous and catastrophic decline, as they are now in the process of doing at the behest of the CFR and the international banksters.
- A d v e r t i s e m e n t
Of course, none of this should come as a surprise, as history instructs: the banksters were behind the economic depression of 1907, designed to put in place the Federal Reserve, and also the so-called Great Depression beginning in 1929.
As Curtis Dall, member of the N.Y. stock exchange wrote in his book, “F.D.R.: My Exploited Father-in-Law,” the 1929 stock market crash “was the calculated ‘shearing’ of the public by the World-Money powers, triggered by the sudden shortage of call money in the New York money market.” According to Rep. Louis McFadden, chairman of the House Committee on Banking and Currency in 1933, the 1929 crash “was not accidental. It was a carefully contrived occurrence….The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all.”
Once again, we are experiencing yet another “shearing,” this time to rival all past fleecings, at the behest of the international banksters. McFadden also said that the creation of the Federal Reserve System was engineered to establish “a world banking system… a super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure.” Our current economic “crisis,” wholly artificial, is designed to put the finishing touches on this globalist super-state.
As the CFR’s very own Carroll Quigley wrote in Tragedy and Hope, the “powers of financial capitalism had (a) far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. Each central bank…sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.”
Earlier today in the House, we experienced this influence upon “cooperative politicians” as they steamrolled through the banker bailout bill that will further consolidate the political power of the ruling elite. Hank Paulson’s undue influence as “finance Czar,” unanswerable to Congress or the American people, will compliment the authoritarian character now present in the executive quite effectively.
Next up, the ultimate financial meltdown that will be micromanaged by the CFR and global elite.