NationStates Jolt Archive

Without any conspiracy "theory", just through obvious connections, I am making my own connections just from reading through various individuals and personalities.

Jacob A Frenkel , From 1987 till 1991, he served as Director of Research at the International Monetary Fund.

Between 1991 and 2000 he served as Governor of the Bank of Israel.

He is currently Vice-Chairman of the American insurance corporation American International Group. He (was) also chairman of the Washington based economics organisation, the Group of Thirty

Now the chairman of the Group of Thirty is former Federal Reserve Chairamn Paul Volcker, who is also Chairman of the Economic Recovery Advisory Board for President Obama.

The Group of Thirty describes themselves as "The Group of Thirty, established in 1978, is a private, nonprofit, international body composed of very senior representatives of the private and public sectors and academia."

From Wikipedia

"The Group of Thirty was founded in 1978 by Geoffrey Bell at the initiative of the Rockefeller Foundation,which also provided initial funding for the body. Its first chairman was Johannes Witteveen, the former managing director of the International Monetary Fund. Its current chairman of trustees is Paul Volcker."

Derivatives

The Group of Thirty’s groundbreaking work on derivatives, Derivatives: Practices and Principles, published in 1993 was commissioned in the 1990s just as the use of derivatives grew and began to move into the mainstream of finance. It was based on a wide ranging survey of the industry. At the time many, both inside and outside of the financial industry, were uncomfortable with derivatives activity. They saw it as complex and obscure, potentially subject to abuse that might lead to the failure of individual firms or even to a crisis in the financial system. The G30’s final report, Derivatives: Practices and Principles, recognized and addressed these concerns by explaining derivatives and their uses and by formulating and disseminating recommendations about their proper management. It is still widely read today, often being used as a textbook for students of accounting and finance and market practitioners, due to its relatively plain language. It gives a comprehensive explanation of what derivatives are, the needs they serve, their risks, and their relationship to traditional financial instruments."

Paul Vocker

After leaving the Federal Reserve in 1987, he became chairman of the prominent New York investment banking firm, J. Rothschild, Wolfensohn & Co., a corporate advisory and investment firm in New York, run by James D. Wolfensohn, who was later to become president of the World Bank.

From Trilateral Commission Website
PAUL A. VOLCKER (1991-2001) Honorary North American Chairman


Why do I feel like somehow we are getting screwed by the international bankers?

Tighter regulation in wake of the Enron scandal in regards to Mark to Market caused the crisis. If the regulation had not been changed and banks insurance companies had been allowed to mark to market as they had before then the current crisis would not have happened.
I would not call it a conspiracy just stupid government regulations.

Tighter regulation in wake of the Enron scandal in regards to Mark to Market caused the crisis. If the regulation had not been changed and banks insurance companies had been allowed to mark to market as they had before then the current crisis would not have happened.
I would not call it a conspiracy just stupid government regulations.

Just...whatever.

This crisis occurred because it was more profitable to speculate on the value of shares themselves than on their fundamental worth in the market. News was manipulated as were markets to affect the share price alone rather than provide any real information on the actual value.

The gap between the mortgage seller on the ground looking for commission and the derivatives trader on the street looking for a fee was just enormous, so much so that there was no real link in terms of how shares were priced, both were technically selling the same product, no one could, or bothered, to make the link between the two and create a price based in reality.

The market was purely driven by lies and rumours and traders knew it, continued it, participated in it.

It should have crashed properly in '01 but continuous lowering of interest rates combined with low cost production in China fueled this mirage, eking out share rises while the actual economy crumbled underneath.

It should be clear that regulation in and of itself did not lead to this, irresponsible bankers and a complicit media created this problem.

Why do I feel like somehow we are getting screwed by the international bankers?

You are, just not in the way you insinuate.

You are, just not in the way you insinuate.

I am not insinuating there is necessarily sinister motives (well other than that the international banking families seem to want to dabble in more than banking, like cultural and political control) but I am increasingly bothered by the ever more transparent fact that the international bankers do attempt to control government, and their associates are in positions of power to give the financial advice that most benefits them or their agenda.

To me the international banking families/houses are just the global scale players compared to your national, state, and local "country club" players of politicians and businessmen intermingling. Except they affect the WHOLE WORLD (?!) and seem to dabble in all manner of things with their money, including inappropriately influencing well...the politics of the entire globe.

For me conspiracy theory is not that outrageous, just look at history. FACT: The Vatican had huge influence over all affairs in Europe for a time, their Cardinals dabbled in politics all over the place, and they influenced affairs on a massive scale.

After them came the international bankers. Big names like Rothschilds particularly and Rockefellers who still seem to have their associates in power to this day.

Do they have an agenda other than just power? I don't know. I think it goes into conspiracy theory when you surmise their agenda is something satanic or somesuch. Who knows though.

I am not insinuating there is necessarily sinister motives (well other than that the international banking families seem to want to dabble in more than banking, like cultural and political control) but I am increasingly bothered by the ever more transparent fact that the international bankers do attempt to control government, and their associates are in positions of power to give the financial advice that most benefits them or their agenda.

To me the international banking families/houses are just the global scale players compared to your national, state, and local "country club" players of politicians and businessmen intermingling. Except they affect the WHOLE WORLD (?!) and seem to dabble in all manner of things with their money, including inappropriately influencing well...the politics of the entire globe.

For me conspiracy theory is not that outrageous, just look at history. FACT: The Vatican had huge influence over all affairs in Europe for a time, their Cardinals dabbled in politics all over the place, and they influenced affairs on a massive scale.

After them came the international bankers. Big names like Rothschilds particularly and Rockefellers who still seem to have their associates in power to this day.

Do they have an agenda other than just power? I don't know. I think it goes into conspiracy theory when you surmise their agenda is something satanic or somesuch. Who knows though.

I don't disagree.

just because we have been screwed by international banking doesnt mean they intended to screw us.

i mean SURE they intended that should it crash they would still prosper and the rest of us would be left holding the bag.

but that is not the same as planning to have us all end up destitute.

"international banking" isnt code talk for "international jewish conspiracy" is it?

*Spooky Music*

You know, not everyone that works in finance, is Gordon fucking Gecko.

*X-Files Music*

Fixed :)

Everyone knows that there's an elite group of bankers controlling everything, but does everyone know that they are not Jews, but Reptilians?

You should look into the writings of 21st century trans-dimensional journalist, David Icke.

I would be interested to hear how losing trillions upon trillions of dollars that will never be recovered in any material form is somehow beneficial to the "international bankers"...I mean, if they really exercise some kind of cartel power, they're not getting anything good at all out of this.