ECONOMIC FACT SHEET
The "big five" prime banks of wall street, the owners
of the "Class A" stock of the NewYork Federal Reserve Bank, are:
Chase-Manhattan, Citibank, Guaranty Trust, Chemical/Manufacturers-Hannover,
and Bankers' Trust. The Class A stock of the Federal Reserve has not been
sold or traded on the open market since it was hermetically sealed from
the public at the end of the summer of 1914. It is the exclusive property
of Wall Street and European prime banks, whose major stockholders are the
trans-Atlantic Ruling Class. This pattern holds true of Central Banks throughout
the nations of the advanced capitalist sector. The Big Five have interlocking
directorates with the "Seven Sisters," the Anglo-Dutch-American
oil cartels: Exxon, BP (British Petroleum), Dutch-Royal Shell, Texaco, Mobil,
Gulf, and Socal.
Several of these trans-Atlantic money and commodity cartels financed Mussolini
and Hitler and actively maintained their connections with the Reich throughout
World War II. They were also all actively involved in Stalin's Russia by
the beginning of the first Five Year Plan in 1928. None of this is really
secret-anyone can discover the facts by doing a little research. Nor should
it be considered a "conspiracy" (either by those who promote or
deny the essential facts of the matter)-bankers and businessmen have been
"trading with the enemy" for centuries. It is just one more example
of "the wise investment policy" of cartels like J.P. Morgan and
Co. and Standard Oil of New Jersey.
THE SEAT OF FIRST WORLD FINANCE Capital is Basel, Switzerland, where the
Central Banks of the Group of Seven (G-7) form the directorate of the Bank
for International Settlements (BIS). The G-7 include Britain, France, Germany,
Italy, Canada, the U.S., and Japan. The G-7 are called the "Hard Currency
Countries" because their Central banks, corporations privately owned
by the Prime Banks of these nations, have acquired most of the mined, milled,
and ingotted gold of the world. Approximately 80 percent of this is in the
vaults of Credit Suisse, under the Berghoff, the airport in Zurich. A somewhat
larger formation, called the G-10, includes Belgium, Holland, and Sweden.
THE U.S. HAS BECOME THE GREATEST debtor nation on earth because the Prime
Banks of the other nations of the G-10 (especially Britain, Holland, and
Japan) have purchased the U.S. government debt in the form of semi-annual
and tax-exempt U.S. Treasury Securities through the operations of the Federal
Open Market Committee, the Fed's window on Wall Street.
Of these U.S. Treasury Securities, 95% have been floated since the end of
World War II to finance the Cold War against the "Evil Empire."
Now Communism has been deflated as an enemy; nativist fascist movements
are being pumped up all around the globe and the aggregate Debt is approaching
the net worth of all the real estate and movables on the planet. Now, also,
the U.S. and Russia arejoining their military and space programs, the U.S.
is becoming by degrees a full-blown totalitarian state, and the bankers
are beginning to foreclose upon the bankrupted minions and dupes within
their new global condominium.
THE BANK FOR INTERNATIONAL Settlements (BIS), the "first Beast,"
founded in 1930, was the first entity to be called a "World Bank."
Monetarist, gold-based, it functions as a clearinghouse for the balance
of payments between nations. It operated throughout WW II as an interlocking
directorate and a clearinghouse for joint Allied and Axis high finance.
The World Bank/International Monetary Fund (IMF), the "Second Beast,"
was founded in 1946, after being drafted at Bretton Woods, New Hampshire,
during the war in 1944. The IMF functions as the collection agency for the
World Bank, much as the IRS functions as the collection agency for the Federal
Reserve Bank. The Wall Street branch of the Federal Reserve is the "fiscal
agent" for the IMF in the USA. The capital pool of the IMF consists
of the Prime Banks of the First World, which interlock with the First World
(G-7) military-industrial complexes and the oil conglomerates.
THE IMF FUNCTIONS, under the aegis of the United Nations, as a Keynesian
paper credit-mill, extending credit in the form of Special Drawing Rights
(SDRs) to the Second and Third World debtor nations, requiring that they
purchase specified amounts of the currency of the G-7 nations, imposing
"austerity terms" upon their internal economies, and looting them
by means of "repayment schedules" of their natural resources and
minerals. These are channeled through the General Agreement on Tariffs and
Trade (GATT) to the multinational cartels, also headquartered in Geneva,
Switzerland.
WITH THE IMPLEMENTATION of NAFTA and the Uruguay Round of GATT, the real
wages of blue and white collar workers in the U.S. will be leveled in time
to near parity with the Third World. The last "Superpower," the
United States, is not the primary head of the G-7 Beast, but is, owing to
its debtor status, the last head, appropriately close to the horned tail,
engaging disproportionately in UN Security Council "police actions"
around the globe. International Capital, having gone "global,"
will increasingly employ the blue-helmeted troops of the UN to enforce the
hegemony of Capital in the future. MARK EVANS
Mark Evans
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