DinarDana

He does not deserve attention.

For sure It would never be a media headline, now would it. Now this is great news, thanks for the link! Not too many of them left these days. Agree the show is not over, but there was a plan Elizabeth Warren is in hot pursuit of these banksters, I am quite sure she has contributed to the exposure of these tactics.

That is why it is posted it in off topics.

When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn't believe it. The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3 percent unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears. The Treasury official playing the bankers’ secret End Game was Larry Summers. Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank. If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world. The memo is authentic. I had to fly to Geneva to get confirmation and wangle a meeting with the Secretary General of the World Trade Organisation, Pascal Lamy. Lamy, the Generalissimo of Globalisation, told me, “The WTO was not created as some dark cabal of multinationals secretly cooking plots against the people... We don’t have cigar-smoking, rich, crazy bankers negotiating.” Then I showed him the memo. It begins with Larry Summers’ flunky, Timothy Geithner, reminding his boss to call the Bank bigshots to order their lobbyist armies to march: “As we enter the end-game of the WTO financial services negotiations, I believe it would be a good idea for you to touch base with the CEOs…” To avoid Summers having to call his office to get the phone numbers (which, under US law, would have to appear on public logs), Geithner listed the private lines of what were then the five most powerful CEOs on the planet. And here they are: Goldman Sachs: John Corzine (212)902-8281 Merrill Lynch: David Kamanski (212)449-6868 Bank of America: David Coulter (415)622-2255 Citibank: John Reed (212)559-2732 Chase Manhattan: Walter Shipley (212)270-1380 Lamy was right: They don’t smoke cigars. Go ahead and dial them. I did, and sure enough, got a cheery personal hello from Reed – cheery until I revealed I wasn't Larry Summers. (Note: The other numbers were swiftly disconnected. And Corzine can’t be reached while he faces criminal charges.) It's not the little cabal of confabs held by Summers and the banksters that’s so troubling. The horror is in the purpose of the "end game” itself. Let me explain: The year was 1997. US Treasury Secretary Robert Rubin was pushing hard to de-regulate banks. That required, first, repeal of the Glass-Steagall Act to dismantle the barrier between commercial banks and investment banks. It was like replacing bank vaults with roulette wheels. Second, the banks wanted the right to play a new high-risk game: “derivatives trading”. JP Morgan alone would soon carry $88 trillion of these pseudo-securities on its books as “assets”. Deputy Treasury Secretary Summers (soon to replace Rubin as Secretary) body-blocked any attempt to control derivatives. But what was the use of turning US banks into derivatives casinos if money would flee to nations with safer banking laws? The answer conceived by the Big Bank Five: eliminate controls on banks in every nation on the planet -- in one single move. It was as brilliant as it was insanely dangerous. How could they pull off this mad caper? The bankers' and Summers' game was to use the Financial Services Agreement (or FSA), an abstruse and benign addendum to the international trade agreements policed by the World Trade Organisation. Until the bankers began their play, the WTO agreements dealt simply with trade in goods – that is, my cars for your bananas. The new rules devised by Summers and the banks would force all nations to accept trade in "bads" – toxic assets like financial derivatives. Until the bankers’ re-draft of the FSA, each nation controlled and chartered the banks within their own borders. The new rules of the game would force every nation to open their markets to Citibank, JP Morgan and their derivatives “products”. And all 156 nations in the WTO would have to smash down their own Glass-Steagall divisions between commercial savings banks and the investment banks that gamble with derivatives. The job of turning the FSA into the bankers’ battering ram was given to Geithner, who was named Ambassador to the World Trade Organisation. Bankers Go Bananas Why in the world would any nation agree to let its banking system be boarded and seized by financial pirates like JP Morgan? The answer, in the case of Ecuador, was bananas. Ecuador was truly a banana republic. The yellow fruit was that nation’s life-and-death source of hard currency. If it refused to sign the new FSA, Ecuador could feed its bananas to the monkeys and go back into bankruptcy. Ecuador signed. And so on – with every single nation bullied into signing. Every nation but one, I should say. Brazil’s new President, Inacio Lula da Silva, refused. In retaliation, Brazil was threatened with a virtual embargo of its products by the European Union's Trade Commissioner, one Peter Mandelson, according to another confidential memo I got my hands on. But Lula’s refusenik stance paid off for Brazil which, alone among Western nations, survived and thrived during the 2007-9 bank crisis. China signed – but got its pound of flesh in return. It opened its banking sector a crack in return for access and control of the US auto parts and other markets. (Swiftly, two million US jobs shifted to China.) The new FSA pulled the lid off the Pandora’s box of worldwide derivatives trade. Among the notorious transactions legalised: Goldman Sachs (where Treasury Secretary Rubin had been co-chairman) worked a secret euro-derivatives swap with Greece which, ultimately, destroyed that nation. Ecuador, its own banking sector de-regulated and demolished, exploded into riots. Argentina had to sell off its oil companies (to the Spanish) and water systems (to Enron) while its teachers hunted for food in garbage cans. Then, Bankers Gone Wild in the Eurozone dove head-first into derivatives pools without knowing how to swim – and the continent is now being sold off in tiny, cheap pieces to Germany. Of course, it was not just threats that sold the FSA, but temptation as well. After all, every evil starts with one bite of an apple offered by a snake. The apple: the gleaming piles of lucre hidden in the FSA for local elites. The snake was named Larry. Does all this evil and pain flow from a single memo? Of course not: the evil was The Game itself, as played by the banker clique. The memo only revealed their game-plan for zzzzzzzzz. And the memo reveals a lot about Summers and Obama. While billions of sorry souls are still hurting from worldwide banker-made disaster, Rubin and Summers didn’t do too badly. Rubin’s deregulation of banks had permitted the creation of a financial monstrosity called “Citigroup”. Within weeks of leaving office, Rubin was named director, then Chairman of Citigroup – which went bankrupt while managing to pay Rubin a total of $126 million. Then Rubin took on another post: as key campaign benefactor to a young State Senator, Barack Obama. Only days after his election as President, Obama, at Rubin’s insistence, gave Summers the odd post of US “Economics Tsar” and made Geithner his Tsarina (that is, Secretary of Treasury). In 2010, Summers gave up his royalist robes to return to “consulting” for Citibank and other creatures of bank deregulation whose payments have raised Summers’ net worth by $31 million since the “end-game” memo. That Obama would, at Robert Rubin’s demand, now choose Summers to run the Federal Reserve Board means that, unfortunately, we are far from the end of the game. Special thanks to expert Mary Bottari of Bankster USA www.BanksterUSA.org without whom our investigation could not have begun. was originally created for Ring of Fire, hosted by Mike Papantonio and Robert F. Kennedy Jr.Further discussion of the documents I laid before Lamy can be found in “The Generalissimo of Globalization,” Chapter 12 of Vultures’ Picnic by Greg Palast (Constable Robinson 2012). Follow Greg on Twitter: @Greg_Palast My link Investigations like this make me so frustrated, yet what is going to be done about this outright criminal behavior? We need to take the power out of the hands of the bankers and politicians. This seems like a daunting task because they are such shysters that we the people are not equipped with the money it takes to take these organizations to the ground, and this is made by design. This is why they have their hands in our pockets. Enjoy the post.

I have seen this before but I had to watch it again because I really love the innocence.

Awe thanks and a special thank you for being kind. Those tiny buttons are tough on our fingers. Thanks for covering for JMULS, community minded and kind! - Now we need a watched pot as an emoticon!

You know what I was taught, "A watched pot never boils".

I am very surprised I am the first poster on this article. Executive Board of the International Monetary Fund last month endorsed to the Iraqi Central Bank to release foreign currency market. Good news for Iraq and the closer we are getting to seeing a positive change in the IQD.

You have a good point. I see these articles written to the Iraqi Citizen, not international news. As long as they keep telling their citizens what they dream they are creating a mindset to De-dollarize.

Thanks for sharing Thug, this is a good read, I had too much time on my hands at one time and happened upon these theories, it's quite a rabbit hole and can suck people in. I reasoned that most or all of it was BS. This article is very reasonable and makes good sense.

An NDA is a non-dislosure agreement and it looks like he didn't read what he signed, because he disclosed confidential information when he passed on this "secret" information.

Thanks for posting this is what we need to see, this is a great recommendation!

I really don't think religion is going to change a *** person from being ***. Conventional, religious families have *** sons and daughters, and *** and lesbian families have straight children,we need to be careful where we point our finger and who we judge, this is not our right. I do however, think the glorification of some of these values is from the media and this needs to change. And ultimately, the media is owned by the government or maybe this is made up just to cause outrage and hatred. I feel the media is reinforcing EGO. I feel those who make these choices should be left to their own, we have no right to judge, these are our brothers and sisters, however we shouldn't be glorifying their behaviors and values AT ALL for others to follow. I agree with one of the posters here - enough already with the parents who are led by their children and the culture. I had a child who was determined she was a boy, she only played with boy dolls, she wanted boy clothes. As a parent I knew that if I made much of this it would be an issue so I basically ignored her. When I shopped for her she got the "sports" or plain outfit and her sister got the feminine outfit. She is a beautiful fine young mother, who still likes her sports, but I am sure she wouldn't trade being a mother, ever! IMAGINE if I reacted like these stupid parents. However for just one minute let me take a different approach to this - Is there really a chance that all the chemicals we are polluting the earth with are causing DNA destruction and what we perceive as normal is no longer the norm?

I bring this up now because such stories are becoming more and more common. There is even a “youth confusion” camp now for boys who want to be girls. At the summer camp, the boys do fashion shows, learn how to paint their nails, and pick out dresses I know men who have shared with me that they are jealous that I was a junior prom queen.. Sorry that seems like an oddity, but I have to wonder what is in the water? I don't care what other people want to be or what sex they want to be, I can't judge, this is not my place. As an observer, however I am really concerned as to how these types of issues are becoming more commonplace. WTF I don't recall this being a decision anyone had the opportunity to make. I don't have the intelligence to comprehend, I am one of those folks that just "shakes head" and say this world is getting crazier by the moment.

Bath Salts?

Pumpers are out in full force tonight.

Really? Okie? I hope you are sharing because you needed to hear laughter from this crowd.

He never had a typing course in school. /\/\/\/\/\/\/\/\ Or he broke the shift key on his keyboard and is waiting for the IQD to revalue so he can buy a new one.

Par Value : The nominal dollar amount present between the currency of two countries, which is based off of the current official exchange rate. As the exchange rate is adjusted upwards and downwards, the par value of currency ratio will rise and fall in accordance. Read more: http://www.investorwords.com/8148/par_value_of_currency.html#ixzz2YwiIS9X6 Read more about the membership of the IMF http://www.imf.org/External/Pubs/FT/AA/ I need to further study this, however, from reading these articles I believe this article is talking specifically between trading partners. My feeling this these rules are not in affect until an official exchange rate is established. I have often believed that the exchange rate is going to be established by comparing the rates between Iraq's primary trading partners. Here is a paper that has been written about the subject http://www.lameta.univ-montp1.fr/Documents/DR2009-10.pdf - I haven't much time to analysis this research but wanted to share this with you for further discussion. Follow the money......

I lost interest in that claim a long time ago - Wow I just don't understand people, they do anything for attention - and they are so gullible.

Zig, It's about time they refer to out-of-country currency holders, even if they refer to us as damages. My feeling is this is like investing in penny stock, we have contributed to the CBI reserves. And the CBI will still make more money when they go international with a foreign exchange rate above .00086. This is their investment in their future. Out-of-country currency holders make a profit and a good percentage of these folks will then in turn invest in the IRAQI stock exchange. Then the big fish will catch on and billions of $$ will change hands and each time an exchange is made Iraq will profit. It really is a win-win situation.

Sofa King is not an acronym but is often used as a superlative. When The IQD RV's I will be sofa king happy.

No I made may last purchase two years ago also.

The obstacle could be the cost of paying for the currency abroad which would be considered damages. However, after the end of this obstacle, it will be necessary to start deleting the zeros. So is this suggesting they are planning to raise the value (and pay damages abroad) and then delete the zeros? Well I hope this is what this means. Thanks for reading this article meticulously and pointing this out.

These are the words I have waited to see, this says it all.