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Election Season 2014

And it has brought us to this trainwreck called ObamaCare and we have bankrupted our kids and grandkids!

We are now headed into the 2014 Election Season and common sense and conservatism are on the rise. Please stand-up and be counted!

Reading Collusion: How the Media Stole the 2012 Election is a great place to start!

The Founding Father's Real Reason for the Second Amendment

And remember the words of Thomas Jefferson "The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." See Video of Suzanna Gratia-Hupp’s Congressional Testimony: What the Second Amendment is REALLY For, below (u-tube HERE).

The Leaders Are Here... Palin, Cruz, Lee, Paul, Chaffetz....

T'S A WONDERFUL LIFE

Can You Really Still Believe That None of These People Would Have Done a Better Job???

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Showing posts with label Money Mischief. Show all posts
Showing posts with label Money Mischief. Show all posts

Wednesday, April 11, 2012

WARREN BUFFETT SUED BY OBAMA’S IRS… EVEN HE ISN’T SAFE - WAIT UNTIL THEY COME AFTER YOU FOR OBAMA’S SECOND-TERM TAXES AND OBAMACARE

WARREN BUFFETT SUED BY OBAMA’S IRS

By AJ

Obama and his rich pals think you are just another useful idiot like the Occupy (OWS) crowd.

While Obama seeks to enact the “Buffett Rule” to place a higher tax burden on families/small businesses who make $250K per year or more, his Internal Revenue Service (IRS) is suing Warren Buffett.

Obama’s pal just doesn’t want to pay his taxes… but he has no problem stumping for Obama and calling for a higher tax burden on families and small businesses.

“Get this: Uncle Sam is suing Warren Buffett's company over taxes. Yes, taxes. The US government, in a little-followed case in Ohio, filed a lawsuit this month against a unit of Buffett's Berkshire Hathaway, seeking $366 million in taxes and penalties. The Berkshire division at the centre of the suit is NetJets, the private-aircraft company that caters to the nation's wealthiest - the people Buffett says should pay more in taxes.

It is an odd twist that a company controlled by Buffett - perhaps the most outspoken businessman in the country in support of raising taxes on the 'mega-rich' - is now in a dispute with the government over his company's paying too little in taxes.”

But it gets better… Buffett’s NetJets has now filed a lawsuit against the IRS.

“Now, NetJets and its sister division, which have filed their own suit against the IRS, say they "are stuck with a $642 million-plus bill for past taxes the IRS never indicated they were required to collect".

Obama’s rich friends do not want to pay their taxes, but they want to instill envy in the hearts of the uneducated and sing their “tax the rich” song.

Obama’s pal and Jobs Adviser, Jeffrey Immelt, has benefited since Obama took office through the same tax loopholes that Obama criticizes on the campaign trail. General Electric paid no Taxes in 2009, General Electric Paid No Federal Taxes in 2010.

“…GE's success at avoiding taxes is nothing short of extraordinary. The company, led by Immelt, earned $14.2 billion in profits in 2010, but it paid not a penny in taxes because the bulk of those profits, some $9 billion, were offshore. In fact, GE got a $3.2 billion tax benefit.”

Before blindly jumping on the “Tax the Rich” bandwagon, people should ask two simple questions:

  1. If Obama makes people pay even more in taxes, will I get some of that money? (Answer = No).
  2. Why are Obama’s millionaire and billionaire friends unwilling to pay more in taxes themselves?

Video:  Patriotic Millionaires Higher Taxes Treasury Department Donation The Daily Caller

Maybe it’s time to rethink the envy that Obama is selling, or at least see it for the BIG LIE that it is.

Video:  Milton Friedman: Why soaking the rich won't work. Reference:

Private jets, Warren Buffett and tax lawsuit

http://articles.economictimes.indiatimes.com/2012-03-28/news/31249610_1_ticket-tax-tax-battle-first-tax

General Electric paid no Taxes in 2009

http://www.politisite.com/2010/04/12/general-electric-paid-no-taxes-in-2009/

General Electric Paid No Federal Taxes in 2010

http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558

Obama's Second-Term Taxes 

By DICK MORRIS  - Published on TheHill.com on April 10, 2012

If Obama is reelected, the tax increase he and a Democratic Congress would impose on middle- and upper-middle-income Americans would be disastrous. It's easy to lose sight of his tax plans because he has hidden them in a variety of nooks and crannies, including the Simpson-Bowles Commission Report, the Pelosi budget of 2009 and the various tax proposals advanced by his party. But, should he win, they will all come out of hiding, and together, they will be the principal legislative thrust of his efforts in 2013.

For a couple making $250,000, these tax hikes would add another $3,000 to $4,000 a month in taxes (depending on whether they were self-employed).

For a couple making $150,000, they would add another $1,200 to $1,400 per month.
Let's all realize that Obama let a massive deficit accumulate precisely because he realized that doing so gave him the leverage he would need to raise taxes and increase, permanently, the size of government in America. Reagan let the deficit pile up so liberals couldn't spend more money. Obama did so in order to make conservatives vote for higher taxes.

How will he tax us? Let us count the ways:

• Most basic, of course, will be an increase in tax rates. Those paying 33 percent will now pay 36 percent. People paying 35 percent will now pay 40 percent. Most people accept and expect that Obama will raise these brackets if he is reelected. But they don't realize what else he will do.

• As he advocated in the 2008 campaign, he will eliminate the ceiling on wages that must be taxed for Social Security. Currently, wages are taxed at 6.2 percent (now, temporarily, at 4.2 percent) up to a ceiling about $100,000 per year in income. The ceiling rises with the cost of living. But Obama will eliminate the ceiling and subject all wages to FICA taxation. (In his campaign, he spoke of a "carve-out" for those making between $100,000 and $200,000, where income would be exempt from FICA, but don't count on it.) For those who are employed, the increase in FICA taxes will mean an effective increase in their tax bracket of 6.2 percentage points. For the self-employed, it will mean a whopping 12.4 percentage point increase, bringing their effective tax rate, if they are in the top bracket, over 52 percent. Obama has refrained from addressing Social Security's financial problems and will do so until after the election. But his solution will be higher taxes, not curtailed benefits.

• All deductions for mortgage interest, charitable giving and state and local tax payments would likely end for those making more than $250,000.

• Even for those making less than $250,000, the Bowles-Simpson recommendations call for replacing the current tax deduction for mortgage interest, charitable giving and state and local taxes with a tax credit. Usually 8 percent is mentioned as the tax credit level.

So add it up:

Case A
Married couple
Income: $250,000
Home: $300,000 (mortgage interest: $20,000)
Property taxes: $15,000
Self-employed
Basic tax rate: +5% +$12,500
FICA on full income: +$18,600 ($9,300 if employed)
No deduction
Mortgage interest +$ 6,500
Prop Taxes +$5,000
State income tax (9%) +$7,500
Total additional tax: +$50,100 ($40,800 if employed)

Case B
Married couple
Income: $150,000
Home: $200,000 (mortgage interest: $10,000)
Property taxes: $10,000
Self-employed
Basic tax rate: +3% +$ 4,500
FICA on full income +$6,200 ($3,100 if employed)
8% credit, no deduction
Mortgage interest +$ 2,500
Property taxes +$ 2,500
State income tax (6%) +$ 1,500
(calculation replaces deduction at 33% bracket with an 8% credit)
Total additional tax: +$17,200 ($14,100 if employed)

Can we afford Barack Obama for four more years? No way! And don't say you weren't warned!

Related:

A Wicked Financial Storm Descends on America

Nothing to Do With Health Care!  It’s All About New Taxes and Tax Collection

Sunday, June 12, 2011

The Biggest Bank in France Has Suddenly Cut ATM Card Access to Cash in Half and People are Freaking Out!

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http://www.jovanovic.com/blog.htm

I just got off the phone with Pierre Jananovic . . . La Banque Postale has lowered the limits on the amounts of cash customers can withdraw per week by 50%. First of all, for you Americans and Brits, the way France works its banking system – customers are limited to how much they can withdraw per week from their accts no matter what the balance. Now what has happened here is that Gold card members – who could take out 3,000 euros a week – are now limited to 1,500 a week. This was sudden, without warning, and people here in France are freaking out. Pierre tells me that its the first clear sign that liquidity in the European banking system is drying up.

http://maxkeiser.com/2011/06/07/the-biggest-bank-in-france-has-atm-card-access-to-cash-in-half/

If you remember we warned about this happening  here in the U.S. (sometimes it really stinks to be right!)

(Reprint below)

And is it a coincidence that this is happening just as the big Bilderberg conference in St. Moritz is closing? 

 

Is An ATM Cash Shortage Coming?

Submitted by Tyler Durden on 11/08/2010 11:35 -0500

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Image: Betsy Fletcher

While we have no way to confirm or refute the validity of this statement presented by a supposed ATM business insider on Steve Quayle.com, it does bring up an interesting point regarding how banks may be conserving "petty cash." Of course, if this perspective is true, it validates concerns about bank capitalization, and explains the reason why the FDIC recently expanded insurance on checking accounts from $250,000 to infinity in an attempt to get Americans to put their money in their friendly neighborhood bank. Of course, that this contradicts everything that the Fed Chairman is trying to do by getting Americans to spend (or buy Netflix at a 1,000 P/E) instead of putting the money in the bank, is precisely the reason why Sheila Bair's relationship with Geithner and Bernanke is, shall we say, tenuous.

From Steve Quayle (who may or may not have properly attributed the original article on Urban Survival).

"George, I work with a business partner in the [region redacted] . We have combined between us 180 ATM machines that we service, Cash Load. In order to do this we NEED to order the money, 20's only from several banks on a weekly basis. This is a considerable amount weekly, 380k plus. Here is the interesting piece that is developing: In the past several weeks 4 of the MAJOR banks have informed us that they can no longer provide us with the cash for our business. Now the problem is that it is OUR money we are taking out!

So speaking with bank "personnel" on the side my question was this, what is going on? how come we cannot take OUR money out? Answer: "they" are not authorized to hold, carry or have on hand anymore more than a certain amount of cash on hand! The amount we are getting, even though it is out of our account, they cannot order or have on hand that amount of cash at any time now. I am not talking small banks...large banks [large money center bank in America name redacted] etc...!

We can see our ability to keep these machines with available cash is becoming more and more difficult. This has taken place just in the past few weeks. By the way, these banks were willing to lose our full business due to this issue. Trying to work with smaller banks now...we will see how long!"

h/t Kyle

ATMs Crash Across The Country After “Bank Holiday” Warning

Paul Joseph Watson -  Infowars.com - November 8, 2010

Following rumors of a “bank holiday” that could limit or prevent altogether cash withdrawals later this week, Twitter and other Internet forums were raging yesterday about numerous ATMs across the country that crashed in the early hours of Sunday morning, preventing customers from performing basic transactions.

It’s unknown whether the crashes were partly a result of a surge of people trying to withdraw their money in preparation for any feared bank shutdown, or if mere technical glitches were to blame. The fact that the problem affected numerous different banks in different parts of the U.S. would seem to indicate the former.

The Orange County Register reported that the problems were “part of a national outage” which prevented people from performing simple transactions such as cashing checks and withdrawing money.

“Computer issues” were blamed for similar issues in Phoenix Arizona, while in Birmingham Alabama, Wells Fargo customers’ online banking accounts and ATMs displayed incorrect balances.

The banks primarily affected were Wells Fargo, Chase and Bank of America, but according to blogger Phil Brennan, who studied Twitter feeds and other Internet message boards that were alight with the story, numerous other financial institutions were also affected, including US Bank, Compass, USAA, Suntrust, Fairwinds Credit Union, American Express, BB&T on the East Coast and PNC.

“Twitter is going crazy with reports of ATMs and online accounts going down as of 01:00 hours EST of the 7th of November 2010,” writes Brennan. “This is happening to many banks all across America. Some are trying to say that it is a computer glitch to do with the change in Daylight Savings Time, but I will call BS on this as we manage to put our clocks back over here in the UK without knocking out ATMs and online accounts nationally.”

Brennan questions whether the outages were the first warning shots in a move to “devalue the dollar,” just days after Federal Reserve chairman Ben Bernanke sparked an international currency war by announcing that the Fed will buy $600 billion of U.S. government bonds over the next eight months.

Any perceived inability of banks to deal with a sudden demand for cash would undoubtedly place in peril the United States’ triple A credit rating and spark a fresh dollar crisis.

“In the light of what is going on geopolitically, I am still very suspicious about the reasons for this mass downtime of ATMs and Online Accounts, adds Brennan. “There is still a very distinct possibility that November the 11th will turn into an extended Bank Holiday so I would advise all those who can get their money out of their banks to do so, even if you have to pay your upcoming bills manually.”

As we reported last week, the “bank holiday” rumor has reared its ugly head once again, after a story emerged that a pastor was told by one of the managers of a prominent east coast bank that banks would close for an undetermined amount of time, and that when they reopened, “all withdrawals by checks would be limited to $500 per week – no matter what the balance in the account is.”

Though the story is still an unconfirmed rumor, banks have been preparing for limiting withdrawals. As we reported back in February, Citigroup sent an advisory to its customers at the start of the year which stated that the bank reserved “the right to require (7) days advance notice before permitting a withdrawal from all checking accounts.” The advisory stoked fears that financial institutions were preparing for bank runs.

Fresh food that lasts from eFoods Direct (Ad)

While we still think this new bank holiday rumor will subside as the previous two did earlier this year and last, in the current economic climate it would be foolish not to keep at least a small amount of your savings in physical cash. The current financial turmoil has been likened with the post 1929 period, during which newly elected Franklin Roosevelt declared a “bank holiday” that lasted four days, therefore such a scenario is not without historical precedent.

Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a fill-in host for The Alex Jones Show. Watson has been interviewed by many publications and radio shows, including Vanity Fair and Coast to Coast AM, America’s most listened to late night talk show.

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Friday, June 10, 2011

Doomsday? China claims U.S. already in default

The faces of stock traders tell the story that big trouble is brewing.The faces of stock traders tell the story that big trouble is brewing.

(Photo by Scott Olson/Getty Images

As a means of stirring up political opposition to the intention of Congressional conservatives to refuse to raise the debt ceiling, the Obama Administration, Congressional Democrats, and liberals in general have warned that if we do not raise the debt limit the U.S. will 'default on its obligations to its lenders.' Apparently that warning was highly misplaced. One of America's largest creditor nations, China, is claiming today that the U.S. is already defaulting on its loans. Is this the doomsday many have warned about for at least 3 years?

The Obama Administration has pursued a policy of deliberately devaluing the dollar and spending the nation into oblivion with money that is borrowed. Many astute political observers, including this writer, have warned incessantly that such a policy would ultimately lead to economic collapse. The more the Administration spends borrowed money without restraint, the more likely it is that the nation will default, given that it has no money to pay its creditors and its creditors are becoming more convinced by the day that they cannot lend America any more money.

Without the luxury of continuing to borrow money, the vast majority of America's obligations to senior adults and the disabled poor will go unfunded. This will lead to widespread suffering on a scale never before experienced in the United States of America.

Not surprisingly, the stock market plunged again today in response to such news, dipping below 12,000 for the first time in months. Today's plunge represents the worst sustained decline in stocks since 2002, just after the 9/11 attacks.

What does this mean for the average citizen on the street?

t means inflation will necessarily skyrocket. This has already happened in the food and energy sectors, but the government conveniently does not count these two items in its inflation numbers. Further, look for food shortages, energy shortages, and continued skyrocketing costs. Electricity rates will be raised to historic levels, in keeping with a statement Obama made in 2007, "Under my plan, energy costs will necessarily skyrocket."

The nation can also look for civil unrest as citizens grow increasingly outraged that their government has deliberately pursued policies that have brought the nation to the brink of ruin. Even James Carville, former Bill Clinton advisor, confirmed that such a scenario is not mere speculation or fear-mongering but a distinct possibility.

What can the government do to reverse this march into the abyss? Stop spending money. Cut the budget drastically. Don't borrow any more money. The government must live off of only what it takes in from the citizens in the current tax structure. And taxes must not be raised in any shape, form, or fashion. That would merely throw dirt on the grave.

In addition, the nation must lower the tax rate for business, making this country the most business-friendly nation on earth. Only the private sector can get the economy moving again, and a friendly and non-oppressive tax structure would do the trick in getting businesses to invest and hire workers.

Be sure to catch my blog at The Liberty Sphere. Visit my ministry site at Martin Christian Ministries.

Source: Examiner.com

 

German Rating Agency Feri Downgrades US Government Bonds: AAA to AA!

The first Western downgrade of US government bonds is a fact! The German credit rating agency Feri lowered its rating on US debt by a full notch, from AAA to AA.

Here is the German press release: Feri Downgrades US Gov Debt AAA to AA

The English translation:

Homburg, 8 June 2011 - The Bad Homburg Feri EuroRating & Research AG downgraded the first credit rating agency's credit rating for the United States from AAA to AA. Feri analysts justify the downgrade by the continuing deterioration of the creditworthiness of the country due to high public debt, inadequate fiscal measures, and weaker growth prospects.

"The U.S. government has fought the effects of the financial market crisis primarily by an increase in government debt. We do not see that there is sufficient attention being paid to other measures, "said Dr. Tobias Schmidt, CEO of Feri Rating & Research AG. "Our rating system shows a deterioration in economic health, so the downgrading of the credit ratings of U.S. is warranted."

For the third consecutive year the deficit of the United States is in double digit percentages relative to gross domestic product (GDP). "Deficits of such magnitude are not a sustainable fiscal policy. We would reconsider the rating when the U.S. government creates a long-term sustainable budget," said Schmidt.

Feri Rating is listed on the Federal Financial Supervisory Authority (BaFin) as an EU credit rating agency approved and created with more than 20 years experience in sovereign ratings. Every month, the Feri analysts evaluate sovereign credit ratings from the perspective of a foreign investor based on the ability and willingness of countries to repay their debts. The credit ratings have eleven possible gradations between "AAA" (best credit) and "Default".

Obama's Jobs Plan Takes a Page From Marx

By Investor's Business Daily

Politics: The president has unveiled a plan to cut joblessness with an industrial policy from the 19th century. In this "new" economy, government will pick winners and losers for industry. It didn't work then, it won't work now.

Taking a cue from classical Marxist theory as well as vintage union organizing doctrine, both discounting the value of service work over manufacturing, we now see President Obama touting training for factory jobs over all others, pushing government spending in that area and calling it a jobs recovery plan.

"I see a future where we train workers who make things here in the United States, and continue a important and honorable tradition of folks working with their hands, creating value, not just shuffling paper," he said Wednesday at Northern Virginia Community College, urging students to pack up and go to ... Detroit.

As he announced his public-private "Skills for America" partnership to train and credential 500,000 students for jobs in industries favored by the Obama administration, it bears looking at how at odds this approach is to both history and economic reality.

"We know it means building the infrastructure, the roads and bridges, and manufacturing new products here ... that create good jobs," Obama said. "Above all, it means training and educating our citizens to out-compete workers from other countries."

The Bill Moyers crowd has been touting manufacturing-era nostalgia for years, claiming the world would go back on its axis if America could just shut its market and put everyone back into blue collars, turning gears and listening for the lunch whistle.

Fact is, the more advanced the economy, the greater percentage of the work force that moves out of manufacturing and into services.

Economists call this the "tertiary progression" of development - from farming and fishing, to the Industrial Revolution, to an advanced service economy. Every rich nation has followed this path - every one.

In the U.S., that move started not last decade but more than 70 years ago. In the U.S. there are six times more service workers than factory workers, boasting higher skills and per capita income. U.S. trade data consistently show U.S. surpluses in service exports across the board because that's America's competitive advantage.

Now the president wants us to "give back" all that white collar development and return to a simpler sort of economy premised on manufacturing - one that's more characteristic of today's China or Peru than a developed economy such as America.

Amazingly, he wants this even though he admits state-directed industrial policy has failed. "We've got a lot of programs out there," he said. "If a program does not work in training people for the jobs of the future and getting them a job, we should eliminate that program."

Which defies belief when one recalls he's holding up job-creating free-trade treaties with Colombia, Panama and South Korea for just such a useless training program called "Trade Adjustment Assistance," or TAA.

That program is so bad a 2008 American University study by Kara Reynolds and John Palatucci declared it "of dubious value in terms of helping displaced workers find new, well-paying employment opportunities." Obama is holding up a proven way to create jobs - trade deals - to expand TAA from $2 billion to $7 billion.

It's as if all the economic knowledge acquired in the course of the 20th century never made it to the Obama White House. Obama wants to pick industrial winners while the economy languishes from high taxes, massive new regulatory burdens and his failure on free trade.

The only logic that can explain this is that Obama means to spend more money on vocational education to prepare kids for work in industries dominated by unions - Obama's main base of political support.

Presumably, if enough community college students can be trained for traditionally unionized manufacturers, employers will have no choice but to hire them. That's a win-win-win-win for educational bureaucrats, unions, jobs and Obama's political prospects.

Too bad the rest of the economy - which accounts for three-quarters of all U.S. output - didn't make Obama's list of industrial winners.

Monday, May 23, 2011

The Rothschilds – A History of the New World Order

en.wikipedia.org/wiki/Rothschild_family Five lines of the Austrian branch of the family were elevated into the Austrian nobility, being given hereditary baronies of the Habsburg Empire by Emperor Francis II in 1816. The British branch of the family was elevated into the British nobility by Queen Victoria. It has been argued that during the 19th century, the family possessed by far the largest private fortune in the world, and by far the largest fortune in modern history.

Unlike the old court Jews, the new kind of international firm the Rothschilds created was impervious to local attack. These Hep-Hep riots as they were called, included an assault on the Rothschild house in Frankfurt. It made no difference. Nor did a further attack during the 1848 revolution. The money was no longer there. It was paper, circulating through the world. The Rothschilds completed a process the Jews had been working on for centuries: how to immunize their lawful property from despoiling violence. Another essential part of Mayer Rothschild’s strategy for future success was to keep control of their businesses in family hands, allowing them to maintain full discretion about the size of their wealth and their business achievements. The practise initiated by the Rothschilds of having several brothers of a firm establish branches in the different financial centers was followed by other Jewish financiers, like the Bischoffsheims, Pereires, Seligmans, Lazards, and others, and these financiers by their integrity and financial skill obtained credit not alone with their Jewish confrères, but with the banking fraternity in general. By this means Jewish financiers obtained an increasing share of international finance during the middle and last quarter of the nineteenth century. The head of the whole group was the Rothschild family. Mayer Rothschild successfully kept the fortune in the family with carefully arranged marriages,including between first or second cousins, although by the later 19th century, almost all Rothschilds had started to marry outside the family, usually into the aristocracy or other financial dynasties.

Families by country: Rothschild banking family of Naples, Rothschild banking family of England, Rothschild banking family of Austria, Rothschild banking family of Germany,Rothschild banking family of France, Rothschild banking family of Switzerland

The Rothschilds already possessed a very significant fortune before the start of Napoleonic Wars (1803-1815). From London in 1813 to 1815, he was instrumental in the financing of the British war effort, in 1815 alone, the Rothschilds provided £9.8 million (in 1815 currency prices) in subsidy loans to Britain’s continental allies.

The basis for the Rothschild’s most famously profitable move was made after the news of British victory had been made public. Nathan Rothschild calculated that the future reduction in government borrowing brought about by the peace would create a bounce in British government bonds after a two year stabilisation, which would finalise the post-war re-structuring of the domestic economy. In what has been described as one of the most audacious moves in financial history, Nathan immediately bought up the government bond market, for what at the time seemed an excessively high price, before waiting two years, then selling the bonds on the crest of short bounce in the market in 1817 for a 40% profit. Given the sheer power of leverage the Rothschild family had at its disposal, this profit was an enormous sum.

Nathan Mayer Rothschild in 1818, he arranged a £5 million loan to the Prussian government, and the issuing of bonds for government loans formed a mainstay of his bank’s business. He gained a position of such power in the City of London that by 1825–6 he was able to supply enough coin to the Bank of England to enable it to avert a market liquidity crisis.

Rothschild family banking businesses pioneered international high finance during the industrialisation of Europe and were instrumental in supporting railway systems across the world and in complex government financing for projects such as the Suez Canal. The family bought up a large proportion of the property in Mayfair, London. Major businesses directly founded by Rothschild family capital include Alliance Assurance (1824) (now Royal & SunAlliance); Chemin de Fer du Nord (1845); Rio Tinto Group (1873); Société Le Nickel (1880) (now Eramet); and Imétal (1962) (now Imerys). The Rothschilds financed the founding of De Beers, as well as Cecil Rhodes on his expeditions in Africa and the creation of the colony of Rhodesia. From the late 1880s onwards, the family controlled the Rio Tinto mining company.

The Japanese government approached the London and Paris families for funding during the Russo-Japanese War. The London consortium’s issue of Japanese war bonds would total £11.5 million (at 1907 currency rates).

By the end of the century, the family owned, or had built, at the lowest estimates, over 41 palaces, of a scale and luxury perhaps unparalleled even by the richest Royal families. The soon to be British Prime Minister Lloyd George claimed, in 1909, that Lord Nathan Rothschild was the most powerful man in Britain.

Chateau de Ferrieres, the largest Chateau of the 19th century, was built in 1854 to house James Mayer de Rothschild, east of Paris. It is set in a 30 km² estate. There are two branches of the family connected to France. The first was son James Mayer de Rothschild,  following the Napoleonic Wars, he played a major role in financing the construction of railroads and the mining business that helped make France an industrial power. James’ sons Gustave de Rothschild and Alphonse James de Rothschild continued the banking tradition and was the guarantor of the 5 billion in reparations  demanded by the occupyingPrussian army in the 1870s Franco-Prussian War. James Mayer de Rothschild‘s other son,Edmond James de Rothschild was a leading proponent of Zionism. The group has €100bn of assets in 2008 and owns many wine properties in France (Château Clarke, Château des Laurets), in Australia or in South Africa. In 1961, the 35 year old Baron Edmond purchased the company Club Med, after he had visited a resort and enjoyed his stay. His interest in Club Med was sold off by the 1990s. In 1973, he bought out the Bank of California, selling his interests in 1984 before it was sold toMitsubishi Bank in 1985.

The second French branch was founded by Nathaniel de Rothschild (1812–1870). Born in London he was the fourth child of the founder of the British branch of the family, Nathan Mayer Rothschild (1777–1836). In 1850, Nathaniel Rothschild moved to Paris, ostensibly to work with his uncle, James Mayer Rothschild. However, in 1853 Nathaniel acquired Château Brane Mouton, a vineyard in Pauillac in the Gironde département. Nathaniel Rothschild renamed the estate, Château Mouton Rothschild and it would become one of the best known labels in the world. In 1868, Nathaniel’s uncle, James Mayer de Rothschild acquired the neighboring Chateau Lafite vineyard. By 1980, Guy de Rothschild’s business had an annual turnover of 26 billion francs (in the currency rates of 1980).[20] But then the Paris business suffered a near death blow in 1982 when the Socialist government ofFrançois Mitterrand nationalized and renamed it Compagnie Européenne de Banque.[needs citation] Baron David de Rothschild, then 39, decided to stay and rebuild, creating a new entity Rothschild & Cie Banque with just three employees and $1 million in capital. Today, the Paris operation has 22 partners and accounts for a significant part of the global business.

During World War II the Austrian branch had to surrender their bank to the Nazis and flee the country. Their Rothschild palaces, a collection of vast palaces in Vienna built and owned by the family, were confiscated, plundered and destroyed by the Nazis. The palaces were famous for their sheer size, and for their huge collections of paintings, armour, tapestries,statues (some of which were restituted to the Rothschilds by the Austrian government in 1999). All family members escaped the Holocaust, some of them moving to the United States, and only returning to Europe after the war. In 1999, the government of Austria agreed to return to the Rothschild family some 250 art treasures looted by the Nazis and absorbed into state museums after the war.

Some Rothschilds were supporters of Zionism, although other members of the family opposed the creation of the Jewish state. Baron Edmond James de Rothschild, James Jacob de Rothschild’s‘s youngest son was a patron of the first settlement in Palestine at Rishon-LeZion, and bought from Ottoman landlords parts of the land which now makes up present-day Israel.

The Rothschilds also played a significant part in the funding of Israel’s governmental infrastructure. James A. de Rothschild financed the Knesset building as a gift to the State of Israel and the Supreme Court of Israel building was donated to Israel by Dorothy de Rothschild. Since the end of the 19th century, the family has taken a low-key public profile, donating many of their most famous estates, as well as vast quantities of art, to charity, keeping full anonymity about the size of their fortunes, and eschewing conspicuous displays of wealth.[29] The family once had one of the largest private art collections in the world, and a significant proportion of the art in the world’s public museums are Rothschild donations which were sometimes, in the family tradition of discretion, donated anonymously.

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A HISTORY OF THE NEW WORLD ORDER by David Allen Rivera

No other name has become more synonymous with the Illuminati than the Rothschilds. It is believed that the Rothschild family used the Illuminati as a means to achieving their goal of world-wide financial dominance. Mayer Amschel Rothschild (1743-1812) was born in Frankfurt-on-the-Main in Germany, the son of Moses Amschel Bauer, a banker and goldsmith. A few years after his father’s death, he worked as a (1) clerk in a Hanover bank, which was owned by the Oppenheimers. He became a (2) junior partner, and soon left to take over the business started by his father in 1750. He (3) bought and sold rare coins, and later succeeded in buying out several other coin dealers.

In 1769, he became a (4) court agent for Prince William IX of Hesse-Kassel, who was the grandson of George II of England, a cousin to George III, a nephew of the King of Denmark, and a brother-in-law to the King of Sweden. Soon Rothschild (5) became the middleman for big Frankfurt bankers like the Bethmann Brothers, and Rueppell & Harnier. After expanding his business to (6) antiques, wineries, and the importing of manufactured materials from England, the Rothschild family began to amass a sizable fortune.

Prince William inherited his father’s fortune upon his death in 1785, which was the largest private fortune in Europe. Some of this money had come from Great Britain paying for the use of 16,800 Hessian soldiers to stop the revolution in America, because the money was never given to the troops. In 1804, (7) the Rothschilds secretly made loans to the Denmark government, on behalf of Prince William.

In June, 1806, when Napoleon’s troops pushed their way into Germany, (8) Prince William fled to Denmark, leaving his money with Mayer Rothschild. History tells us that Rothschild secretly buried William’s ledgers, which revealed the full extent of his wealth, a list of debtors and the interest required from them, and 600,000 pounds ($3,000,000), to keep Napoleon from confiscating it.Buderus von Carlhausen (Carl Buderus), the Treasury official who handled William’s finances, was given ‘power of attorney,’ and he in turn made Rothschild his chief banker, responsible for collecting the interest on the royal loans. Napoleon announced that all debts being paid to Prince William, were to go to the French Treasury, and offered a 25% commission on any debts that he would collect. Rothschild refused.

Developing circumstances soon allowed the Rothschilds to formulate a plan which would guarantee them the financial control of Europe, and soon the world. It began with taking advantage of the outcome of the Battle of Waterloo, which was fought at La-Belle-Alliance, seven miles south of Waterloo, which is a suburb of Brussels, Belgium. Early in the battle, Napoleon appeared to be winning, and the first secret military report to London communicated that fact. However, upon reinforcements from the Prussians, under Gebhard Blucher, the tide turned in favor of Wellington. On Sunday, June 18, 1815, Rothworth, a courier of Nathan Rothschild, head of the London branch of the family, was on the battlefield, and upon seeing that Napoleon was being beaten, went by horse to Brussels, then to Ostende, and for 2,000 francs, got a sailor to get him to England across stormy seas. When Nathan Rothschild received the news on June 20th, he informed the government, who did not believe him. So, with everyone believing Wellington to be defeated, Rothschild immediately began to sell all of his stock on the English Stock Market. Everyone else followed his lead, and also began selling, causing stocks to plummet to practically nothing. At the last minute, his agents secretly began buying up the stocks at rock-bottom prices. On June 21, at 11 PM, Wellington’s envoy, Major Henry Percy showed up at the War Office with his report that Napoleon had been crushed in a bitter eight hour battle, losing a third of his men. This gave the Rothschild family complete control of the British economy, and forced England to set up a new Bank of England, which Nathan Rothschild controlled.

However, that wasn’t the only angle he used to profit from the Battle of Waterloo. Mayer Amschel Rothschild sent some of William’s money to his son Nathan in London, and according to the Jewish Encyclopedia: “Nathan invested it in 800,000 pounds of gold from the East India Company, knowing it would be needed for Wellington’s peninsula campaign. He made no less than four profits: (1) on the sale of Wellington’s paper (which he bought at 50¢ on the dollar); (2) on the sale of gold to Wellington; (3) on its repurchase; and (4) on forwarding it to Portugal. This was the beginning of the great fortune.”

After Napoleon’s defeat, Prince William returned to resume his rule. Buderus was made a Baron, and the Rothschilds were the richest bankers in Europe.

In 1817, France, in order to get back on their feet again, secured loans from a French banking house in Ouvrard, and from the Baring Brothers in London. The Rothschilds saw their chance to get a firm grip on the French economy, and on October, 1818, Rothschild agents began buying huge amounts of French government bonds, which caused their value to increase. On November 5th, they were dumped on the open market, creating a financial panic as their value declined. Thus, the Rothschilds gained control of France.

Mayer Rothschild had established banks in England, France, and Germany. His sons, who were made Barons of the Austrian Empire, were set up to continue and expand his banking empire. Amschel Mayer Rothschild 1773-1855, in 1838 said: “Permit me to issue and control the money of a nation, and I care not who makes its laws.”He was in charge of the bank in Frankfurt, Germany, which was known as M. A. Rothschild and Sons (which closed in 1901, after the deaths of Mayer Karl and his brother, Wilhelm Karl, the sons of Karl Mayer Rothschild). Salomon Mayer Rothschild (1774-1855) was the head of the bank in Vienna, Austria, known as S. M. Rothschild and Sons (which was closed during World War II after the Nazi occupation). Nathan Mayer Rothschild 1777-1836, once said: “I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain’s money supply controls the British Empire, and I control the British money supply.”

This was the beginning of the House of Rothschild, which controlled a fortune estimated to be well over $300,000,000. Soon the Rothschilds spanned Europe with railroads, invested in coal and ironworks, financed England’s purchase of the Suez Canal, paid for oil exploration in Russia and the Sahara Desert, financed the czars of Russia, supported Cecil Rhodes’ diamond operations, aided France in creating an empire in Africa, financed the Habsburg monarchs, and saved the Vatican from bankruptcy. In USA, through their American and European agents, they helped finance Rockefeller’s Standard Oil, Carnegie Steel, and Harriman’s Railroad. Werner Sombart, in his book The Jews and Modern Capitalism, said that from 1820 on, it was the “age of the Rothschild” and concluded that there was “only one power in Europe, and that is Rothschild.” In 1913, the family fortune was estimated to be over two billion dollars.

After Mayer Rothschild died on September 19, 1812, his will spelled out specific guidelines that were to be maintained by his descendants:

1) All important posts were to be held by only family members, and only male members were to be involved on the business end. The oldest son of the oldest son was to be the head of the family, unless otherwise agreed upon by the rest of the family, as was the case in 1812, when Nathan was appointed as the patriarch.

2) The family was to intermarry with their own first and second cousins, so their fortune could be kept in the family, and to maintain the appearance of a united financial empire. For example, his son James (Jacob) Mayer married the daughter of another son, Salomon Mayer. This rule became less important in later generations as they refocused family goals and married into other fortunes.

3) Rothschild ordered that there was never to be “any public inventory made by the courts, or otherwise, of my estate … Also I forbid any legal action and any publication of the value of the inheritance.”

American and British Intelligence have documented evidence that the House of Rothschild, and other International Bankers, have financed both sides of every war, since the American Revolution. Financier Haym Salomon, who supported the patriots during the American Revolution, then later made loans to James Madison, Thomas Jefferson, and James Monroe, was a Rothschild agent. As explained earlier, during the Napoleonic Wars, one branch of the family funded Napoleon, while another financed Great Britain, Germany, and other nations. Their boldest maneuver came prior to the Civil War.

The Rothschilds operate out of an area in the heart of London, England, the financial district, which is known as ‘The City,’ or the ‘Square Mile.’ All major British banks have their main offices here, along with branch offices for 385 foreign banks, including 70 from the United States. It is here that you will find the Bank of England, the Stock Exchange, Lloyd’s of London, the Baltic Exchange (shipping contracts), Fleet Street (home of publishing and newspaper interests), the London Commodity Exchange (to trade coffee, rubber, sugar and wool), and the London Metal Exchange. It is virtually the financial hub of the world.

Positioned on the north bank of the Thames River, covering an area of 677 acres or one square mile (known as the “wealthiest square mile on earth”), it has enjoyed special rights and privileges that enabled them to achieve a certain level of independence since 1191. In 1215, its citizens received a Charter from King John, granting them the right to annually elect a mayor (known as the Lord Mayor), a tradition that continues today. Both E. C. Knuth, in his book Empire of the City, and Des Griffin, in his book Descent into Slavery, stated their belief that ‘The City’ is actually a sovereign state, much like the Vatican, and that since the establishment of the privately owned Bank of England in 1694, ‘The City’ has actually become the last word in the country’s national affairs, with Prime Minister, Cabinet, and Parliament becoming only a front for the real power. According to Knuth, when the queen enters ‘The City,’ she is subservient to the Lord Mayor (under him, is a committee of 12-14 men, known as ‘The Crown’), because this privately-owned corporation is not subject to the Queen, or the Parliament.

There seems to be little doubt that the Rothschilds continue to influence the world economy, and it is known that they are squarely behind the movement to unite all the western European nations into a single political entity, which is just another step towards one-world government.

By Alex Imreh  -  http://www.facebook.com/alex.imreh – Originally Posted on 03.01.2011

Related:

A Cornucopia of Corruption and Treason… *Multiple Articles Within*

The Royals

Naming Names… Your Real Government

America’s Ruling Class and the Perils of Revolution

UN Ordered Depopulation of 3-Billion People by Food Malnutrition Has Started – PBSpecial Report

Video: Hitler Was a Rothschild Controlled Jew (Kind of a Soros Thing?)  - 1 of 12 – Alex Jones – 2010-08-25

Tuesday, June 30, 2009

Money Mischief – Financial Intelligence Report

Friedmanfriedman_book - Money Mischief Predicted the
Destruction of the Dollar

The late, great Milton Friedman
in his classic book prophetically
revealed how Obama's reckless monetary policies will cause hyperinflation and destroy our nation

Everything Barack Obama, the Federal Reserve, and Congress are doing was predicted in startling detail almost two decades ago by a famous Nobel Prize-winning economist.

His name was Milton Friedman.

Though he passed away in 2006, in his prophetic book, Friedman showed how, facing massive deficits, the U.S. government would dramatically increase the money supply; why foreign countries would stop buying our debt; how the Fed would start buying our Treasury bills; and why this would call cause massive inflation.

He even predicted that our officials would claim inflation was no problem at all.

Amazingly all of this is coming to pass!

Make no mistake about it — the Obama administration is embracing massive inflationary deficit spending.

In just 100 days, Barrack Obama has more than doubled the U.S. money supply . . . committed the government to at least $7 trillion in new spending . . . and warned the American people to expect trillion-dollar deficits for the foreseeable future.

While the media has been falling over itself to praise Obama's "bold initiatives," the question no one has been asking is, "Where is all of this money coming from?"

Decades ago, Milton Friedman answered these questions clearly and precisely in his insightful — and very topical — book, Money Mischief: Episodes in Monetary History.

In Money Mischief, Friedman even warned that the coming inflation could "destroy" our country.

Here's what he wrote: "Inflation is a disease, a dangerous and sometimes fatal disease that, if not checked in time, can destroy a society." (Money Mischief, Page 191)

You see the end result of that process in countries like Zimbabwe today, where prices double every day, and it now takes a $10 billion Zimbabwe note to buy a single loaf of bread - assuming you can find one.

Could America suffer the same fate? Friedman wrote ominously, "The fate of a country is inseparable from the fate of its currency."

Even Warren Buffett recently admitted on CNBC that the only way for the U.S. to solve its woes was to inflate the currency.

There is little doubt that Obama's massive deficit spending will doom the dollar and our economy.

You need to find out what is really happening to our economy and your wealth and get a copy of Milton Friedman's path-breaking book, Money Mischief.

Its insights are so relevant and shocking — it reads like it was just published for our times!

Other must reads for understanding and dealing with our times:

Glenn Beck's Common Sense

Saving Freedom

Catastrophe or Catastrophe CD

Liberty and Tyranny

American Progressivism

Liberal Fascism

Shut Up, America!

A Slobbering Love Affair

The 5000 Year Leap

Green Hell

Money Mischief

Also please keep checking the growing list of resources on this site!!