Wednesday, 31 May 2017

Confessions of an Economic Hit Man

An interesting look inside global finances, how the IMF really operates to enslave and destroy nations.

An exert from an interview with former economic hit man John Perkins provides a little more light on the subject.


John Perkins on His Best-Selling Book Confessions of an Economic Hit Man and the Unsustainability of Modern Capitalism
by Anthony Wile
The Daily Bell
The Daily Bell is pleased to present an exclusive interview with John Perkins.
Introduction: As Chief Economist at a major international consulting firm, John Perkins advised the World Bank, United Nations, IMF, U.S. Treasury Department, Fortune 500 corporations, and countries in Africa, Asia, Latin America, and the Middle East. He worked directly with heads of state and CEOs of major companies. His books on economics and geo-politics have sold more than 1 million copies, spent many months on the New York Times and other bestseller lists, and are published in over 30 languages. John's Confessions of an Economic Hit Man (70 weeks on the New York Times bestseller list) is a startling exposé of international corruption. His The Secret History of the American Empire, also a New York Times bestseller, details the clandestine operations that created the world's first truly global empire. His Hoodwinked is a blueprint for a new form of global economics. The solutions are not "return to normal" ones ... His writings detail specific steps each of us can take to create a sustainable, just, and peaceful world. John is a founder and board member of Dream Change and The Pachamama Alliance, nonprofit organizations devoted to establishing a world our children will want to inherit, has lectured at more than 50 universities around the world, and is the author of books on indigenous cultures and transformation, including Shapeshifting, The World Is As You Dream It, Psychonavigation, Spirit of the Shuar, and The Stress-Free Habit.
Daily Bell: Please treat this interview as if no one knew about you or your best-selling books. Give us some background on where you grew up and how you entered the CIA.
John Perkins: I grew up in New Hampshire and went to business school in Boston. At that time, I was approached by the National Security Agency (NSA), not the CIA, for a series of very sensitive tests including lie detector and personality test. They concluded I would make a good economic hit man, which is essentially a con artist with an economic background. They also said they found several weaknesses in my character that maybe they could use as hooks that would bring me into their game. Primarily, money, sex and power. Being that I was a young man, I was seduced by all of them.
Daily Bell: You were chief economist at a major international consulting firm; how did you gain that position?
John Perkins: After the NSA recruited me, I joined the Peace Corps. When I came out of the Peace Corps, Charles P. Maine hired me. It was a Boston consulting firm and the Sr. VP who hired me had very close ties to the NSA and the intelligence network of the United States in general. What I came to realize was it was all part of the scheme to turn me into an economic hit man. The first economic hit man, guys like Kermit Roosevelt, who overthrew the democratically elected President of Iran actually worked for the CIA.
But the weakness in that system was that if guys like Kermit Roosevelt had been discovered, the US government would have been in deep trouble. So very soon after that experience, they started to use private consultants, instead of actual government employees to do this work. Companies like Charles T. Main were brought in with legitimate contracts, working for the state department or the World Bank or the treasury department or USAID or other organizations and within these organizations were guys like me who did this special field of work.
Daily Bell: Interesting. You advised the World Bank, United Nations, IMF, U.S. Treasury Department, Fortune 500 corporations, and countries in Africa, Asia, Latin America, and the Middle East. What is your opinion of the World Bank?
John Perkins: The World Bank is a tool of economic hit men, there is no question about it. It's the tool of big corporations, the IMF and most of what we call intelligence agencies of the United States, CIA and NSA. Essentially the job of all these organizations is to help what used to be just US businesses – now we call them multi-nationals – get themselves established around the world in positions where they can exploit the world's resources, natural resources and human resources. All of these organizations are basically tools of what they call the corporatocracy. The men and a few women who run the biggest and most powerful corporations also run most of the government. Economic hit men help channel the resources of organizations like the World Bank and the IMF, the NSA and the CIA to support the larger agenda.
Daily Bell: The IMF?
John Perkins: It's a servant of the corporatocracy, of economic hit men. One of my jobs as an economic hit man was to identify countries that had resources like oil and arrange huge loans for those countries from the World Bank and sister organizations. But the money would never go to the actual country; instead it would go to our own corporations to build infrastructure projects in that country like power plants and industrial parks; things that would benefit a few very wealthy families.
So then the people of the country would be left holding this huge debt that they couldn't repay. We would come back and say, "well, since you can't repay your debt, you have to restructure your loan." That's when the IMF comes in. So the World Bank makes the original loan and IMF shows up and says, "We'll help you restructure your loan, but in order to do that you have to meet certain conditionalities. You have to sell your oil or whatever the coveted resource is at a cheap price, to the oil companies without restrictions." Or they would suggest the country sell electric utilities, water and sewage, maybe even your schools and jails to private multi-national corporations. Or maybe allow military bases to be built; these sorts of things.
Daily Bell: The United Nations?
John Perkins: I think the United Nations has an important function that it should be performing. We need an organization like that in the world today. Unfortunately, the United Nations has been rendered basically impotent. The United Nations was very opposed to us going into Iraq, but the Bush administration totally ignored that and went in anyway. I think it's very unfortunate that the United Nations has been emasculated by the United States.
Daily Bell: What do you think of the Bank for International Settlements? Is it true that it has worldwide and absolute immunity? Why does a central bank for central banks need sovereign immunity? How is that even enforceable?
John Perkins: It's enforceable because that's the way the laws are written in all the various countries that we inhabit. As long as the people who are running the banks and corporations also control politicians, which today they do around the world, then they get to write the laws. It's interesting that during a lot of my lifetime in the United States, for example, our laws were written by elected officials, but today that is not the case. Today in the United States lobbyists write the laws; the elected officials are essentially owned by big corporations. That's not true on all issues, but it's true on the big issues that affect big corporations. We've reached a new geopolitical reality that we have never known before. This is a new situation.
Daily Bell: You have been extraordinarily successful as a writer. And you have worked directly with heads of state and CEOs of major companies. What do you think of Western corporations? Aren't they a product of legislative activity? Wouldn't we be better off had the Western legal system not created corporations in the first place?
John Perkins: I can't speculate on what might have happened if corporations were not created but capitalism has been around for about 400 years and has taken many different forms. But in the last years since the 70s, and particularly beginning in 1980 when Ronald Reagan, then President of the United States, many leaders around the world embraced what I call predatory capitalism, which is very well defined by the economist, Milton Friedman, from the Chicago School of Economics.
Friedman said the only goal of business should be to maximize profits regardless of the social or environmental costs. That was a radical statement. When I went to business school in the 60s, we were taught that a good CEO makes a decent rate of return for his investors, but he also has to be a good citizen and the corporation should be a good community citizen. Pay reasonable taxes. Take care of the suppliers, take care of the employees; take care of the customers, not just profits.
So we entered this phase where we have embraced this form of capitalism that says maximize profits regardless of the social or environmental cost. It's a terribly destructive and unsustainable philosophy to have and we must turn that around. My goal or orientation is to try to make corporations become more responsible. The new goal should be go ahead and make a decent rate of return for your investors, but only to do so on a playing field that says we are going to be sustainable and just and peaceful. They are the public servants and they should realize they have a greater obligation than making just maximizing profits.
Daily Bell: Your Confessions of an Economic Hit Man spent 70 weeks on the New York Times bestseller list, and is a startling exposé of international corruption. Tell us more about how you came to write it.
John Perkins: I started writing it in the 80s after I stopped being an economic hit man. I contacted other economic hit men and jackals who destabilize government when hit men fail; I contacted these people to include them in the book. Then I received anonymous phone calls; threats on my daughter's life, and she was very young at the time.
I took the threats very seriously, as I have seen what jackals can do because I failed to corrupt Jaime Roldos, the democratically elected President of Ecuador and Arias Madreid of Panama; the jackals assassinated both of those leaders.
At the same time I received what you would call, a legal bribe from a big corporation in the United States; they would pay me a very large consulting fee and I wouldn't have to do much work if I would not write this book. So, I didn't write the book; I accepted the consultancy.
On 9/11, I was in the Amazon. I cut short my trip and came back to New York and I stood looking at ground zero looking at the smoldering ruins and I knew I had to write this book. I had to expose the truth about what I had done and what so many others were doing to create a terribly violent, painful, unhappy and unsustainable world. I wrote the whole book in secrecy. It's become my best insurance policy, because any good jackal knows if he assassinated me the book's sales would soar. The book has sold over a million copies in English alone and is now in over 30 languages. If someone shoots me tonight, we'll sell another million.
Daily Bell: Wow. Elaborate on the problems that the CIA, the NSA and American corporations cause.
John Perkins: The problems are pretty self-evident; we have created a world where 5% of us in the United States consume about 30% of the world's resources. The system that we created is a total failure and it causes tremendous misery. People often talk about the prophet of 2012 and Mayan prophecy of doomsday, but I think more than half the people of the world have already met doomsday. They are living in dire poverty and starving to death or on the verge of starvation, so we have created a world that is its own doomsday. This system has been created by organizations like the IMF, the World Bank, the CIA, the NSA and the multinationals.
Daily Bell: It's not just an American system ...
John Perkins: It's a global system; you could say the United States has been the driving force behind it, though. Great Britain has tried in some regards to change it, but the big corporations are really calling the shots around the world. Everything today is pretty much run by the big corporations. Obama is very much under the influence of the corporatocracy.
Daily Bell: What are the solutions?
John Perkins: I think it's very important that we the people of the world come together and realize that we do have power. I want cheap petroleum; if that means destroying the Amazon rain forest, I'll just look the other way. Until we realize that corporations are calling the shots and not the governments and that we are empowering this system, it will continue as is. We have to put pressure on these corporations to become compassionate, good world citizens. In this era of the Internet, I think we have a tremendous opportunity to do that now and make some changes.
Daily Bell: What does the CIA think of your exposure? Are they angry with you?
John Perkins: You will have to ask them because I don't know. I don't know who they are; who would you ask. I can't answer that question.
Daily Bell: Your latest book "Hoodwinked" is a blueprint for a new form of global economics. The solutions are not "return to normal" ones. You are challenging us to "soar to new heights, away from predatory capitalism and into an era more transformative than the Agricultural and Industrial Revolutions." Tell us about the book and the steps we can take to build a better tomorrow. Is it through state and UN and activism, or the private sector or both?
John Perkins: Well, as we discussed, it's through the consumer. We need to realize that people that work for corporations are also consumers. At the very top of so many corporations we may have some extreme sociopaths, but the majority of these people at these corporations are good decent people who want to see good things for their children and grandchildren. They don't want to see countries sink beneath the ocean or the glaciers melt, or holes in the ozone.
But we have been sending a very strong message that says we want cheap goods and services even if it means being socially and environmentally irresponsible. We have to send a new message. We have to send the message that we want a just and peaceful world. Stop the desperation and the exploitation. We have to get rid of these terrible conditions, these wars, these consumerist trinkets. We need to create new technologies. Sustainable energy. Getting rid of poverty and injustice is a must.
Daily Bell: Can we do that through more regulation? Does the private sector generally need more regulation? Is that the point? But who would provide it? The UN? Is it better than to have a strong and effective world government? Would you like to see that fully come about?
John Perkins: I think the global recession has proven we need to have regulations to control these greedy people who run these corporations. We must be protected against them. Corporations are there to serve us, the people. Serving the public. I am not for lots of regulation, but I do think you need to level the playing field. It's like getting on a plane and having the security that the pilot knows the proper rules and regulations and has your safety in mind. You need to have that with the economy. Beyond that you let the pilot fly the plane.
As to who does that, is a very important question. It appears each country determines this at present – so maybe it would be good to have a world body to control this, maybe through stock markets and accounting agencies.
Daily Bell: Hmmm...interesting. So, you believe in a greener world. Are you worried about global warming?
John Perkins: Yes, it's a big concern.
Daily Bell: Are you a proponent of Peak Oil? Are we running out of energy?
John Perkins: I don't think that the concern is so much we are running out of energy as that we cannot afford to continue drilling for oil and sending carbon dioxide into the atmosphere. The bigger problem is how we use oil not whether we are running out of it or not.
Daily Bell: You are a founder and board member of Dream Change and The Pachamama Alliance, nonprofit organizations devoted to establishing a world our children will want to inherit. When did you become involved with these organizations?
John Perkins: In about 1990, I had been back in SA and met with some of the tribes there and said I wanted to help with saving the rain forest; well they told me, if you want to save the rain forest that's great, but don't come here and try to change us; we are not destroying the rain forest, your people are destroying the rain forest. Your oil companies, your lumber companies, your cattle companies. You have a dream of big buildings, lots of cars and heavy industry, and now you have to understand that your dream has become a nightmare; it's been very destructive. If you want to change the world, you must change the dream of your people.
I thought that was very eloquent. I came back to the United States in 1991 and formed a non-profit called Dream Change; its mission was to create a more sustainable environment. The other organization called Pachamama Alliance is now in 40 countries, with 4000 facilitators. We send money to the Amazon to assist with sustaining a more peaceful, just world. We try to help indigenous people sustain their culture.
Daily Bell: Are you a fan of Hugo Chavez?
John Perkins: I don't know that I am a fan. What I do know is that he changed history. When Hugo Chavez stood up to the CIA in the coup of 2002 and survived that, he sent a strong message throughout the world, particularly to South America. It meant that the United States was a paper tiger and a strong President can survive a coup. He has changed history, there is no question. Depending on who you talk to, they love him or hate him; but he has done a very good job for poor people. I would say he will go down in history as having a huge impact on the world.
Daily Bell: How about Barack Obama? How has he been doing?
John Perkins: Barack Obama is in an incredibly tenuous situation. The man really doesn't have a lot of power. The corporations have the power. Presidents of the United States and everywhere else are extremely vulnerable. A guy like Obama understands that if he rocks the boat too much, he's going to go down. It doesn't have to be a bullet; it can be character assassination.
Everyone has a skeleton in his or her closet and even if a guy like Obama didn't have any skeletons, they can be created, just like the rumors that he wasn't an American citizen, all the rumors. But what we can't forget is that Barack Obama never ran under a campaign saying, yes I can. It was, yes WE can. It's we the people. He can't do it. The people have to stand behind him. He just doesn't have the power.
Daily Bell: Food for thought. Any books or articles you want to recommend to us? Closing thoughts?
John Perkins: I would love to have people subscribe to my newsletter, which comes out twice a month – I am also on Twitter and Face book. I love having people keep in touch with me that way.
Daily Bell: Thank you for your time. Good luck with your book.
John Perkins: Thank you and keep up your great work. You're the final defenders of freedom of the press.
John Perkins has made a great impact with his books, especially Confessions of an Economic Hit Man, and he is obviously a courageous former intel operative. Having looked deep into the ruins of "ground zero," he says he decided destiny was calling him to write his book, which he then wrote secretly. This is an incredibly dramatic story and sounds like a James Bond tale itself...

 For the full article see the link below-


Tuesday, 23 May 2017


Over in Alberta the ASC is no better then the BCSC, as reported by the BCSC Truth Movement on Walton International.

 See below.



What a last couple of weeks it has been for Walton International – the Alberta Securities Commission suspended Walton’s registration which prohibits them from selling any more of their investments.  And then they hired Ernst & Young to take them through the CCAA process in an attempt to re-organize their debt.   This sounds almost identical as the League Assets story we discussed last summer in this blog post.     One can conclude the Walton matter will have the same ending!   How can a company make hundreds of millions of dollars selling land be broke after 25+ years of being in business?  Rumor on the street is the company is being gutted and those (at the top) have already cashed out their millions…
Back a few years ago I came across a Sales Representative that worked at Walton International at a Calgary Flames hockey game.  After chatting for a few minutes he suggested I look at his investment opportunity – it was a parcel of land down by Spruce Meadows (in the southern tip of Calgary).    Although I was not interested in the investment, I agreed to meet with him at his office a short while later.
I remember their office being really nice and it seemed like they had a ton of staff.  After receiving a brief sales pitch I was sent on my way with an envelope full of paperwork.   Some time later, I opened the envelope and (as part of the package) discovered a letter from a lawyer named Donald Boykiw from the fancy Bennett Jones LLP law firm.
The letter is short and cuts to the point – it indicates that Boykiw is writing to inform Walton that the Alberta Securities Commission had reviewed Walton’s business practice of selling undivided interest in land to purchasers and that this review had been done as a result of sanctions against Walton’s prime competition in Alberta land banking.    Boykiw goes on to state, “I would also advise that the Commission staff member who was involved in this matter has further advised that the ASC’s enforcement counsel would not be recommending any changes to the current forms of referral arrangements for both the mortgage referrals from Westmount Mortgage Corporation and the land referrals from Cordex Realty.   We have also received a follow-up call from the registration counsel at the Alberta Securities Commission indicating that they ave also completed their review of such referral agreements and were not proposing any changes.”    A copy of the letter:

The significance of this letter is simple – Walton International’s business model sees them allegedly buying farm land for as little as $400 per acre and turn around only days later and sell it for up to 7000% increases to investors from all over the World – and the gang down at the ASC gave them a clean bill of health while sanctioning others in the same line of work.    And don’t forget – this happened during Ralph Klein’s duration as Premier of Alberta who’s daughter physically worked at Walton’s head office.
For those people that do not know who Walton International are (or were) – they purported to be the largest land banker (and then later land developer) in the nation.    They had many projects throughout Canada and the United States.   They had come under fire in some circles for paying huge upfront commission to their sales people and for having lavish spending sprees on chartered boats and trips for Staff.   In one instance, it was reported they had chartered a large ship and had the expensive Self-Help Guru Anthony Robbins as a guest to get their staff motivated to sell their product.
Facts are – may people have been reporting on Walton’s demise for years.   A simple google search has found us endless reports from press from all over the World suggesting Walton’s business plan had some distinct cracks and was leaking severally.   An article in the Ottawa Citizen from March 2013 suggests the land banking project in Ottawa was in trouble.
What happened in Singapore when they had several complaints about many Land Banking firms – even Walton International?   Out comes the huge Public Relations wheel and they brought an entire news crew to see their operations in Canada….

This video is so biased towards Walton but comes across as some bi-partial news telecast – We wonder how much more they raised after this video made the rounds…
Would this all have been avoided IF the ASC had not given them that clean bill of health back in 2002 – that they used as a sales aid for their sales people???  Shame on the ASC!   This story is going to be huge when the cards ALL come falling down!


 As always more to come..

Monday, 22 May 2017

New Gold Pool at the BIS Basle, Switzerland: Part 1

A further in depth look at the manipulation of the price of Gold and the Bank of International Settlements. (BIS). It is the BIS that currently  controls Canada's finances due to its ties to the Basel Accords and the Bank of Canada. Why do Canadians need to pay interest to a foreign corporation in order to have their government create money? Is Canada not a Sovereign Nation?

Usery System and Wordlwide Financial Disaster

Robbing the Poor to Give to the Rich - The New National Infrastructure Bank

 Exert from Bullion Star.


New Gold Pool at the BIS Basle, Switzerland: Part 1

In the Governor’s absence I attended the meeting in Zijlstra’s room in the BIS on the afternoon of Monday, 10th December to continue discussions about a possible gold pool. Emminger, de la Geniere, de Strycker, Leutwiler, Larre and Pohl were present.”     
13 December 1979 – Kit McMahon to Gordon Richardson, Bank of England


A central bank Gold Pool which many people will be familiar with operated in the gold market between November 1961 and March 1968. That Gold Pool was known as the London Gold Pool.
This article is not about the 1961-1968 London Gold PoolThis article is about collusive central bank discussions relating to an entirely different and more recent central bank Gold Pool arrangement. These discussions about a second Gold Pool began in late 1979, i.e. more than 11 years after the London Gold Pool had been abandoned. This article is Part 1 of a 2 part series. Part 2 will be published shortly.
These discussions about a new Gold Pool arrangement took place in an era of soaring free market gold prices and in the midst of the run-up in the gold price to US$850 in January 1980.
The discussions and meetings about a new Gold Pool  in 1979 and 1980 and beyond which are detailed below, occurred at the highest levels in the central banking world and involved the world’s most powerful central bankers, some of whose names will be familiar to readers. The aim of these central bank discussions and meetings was to reach agreement on joint central bank action to subdue and manipulate the free market gold price in the early 1980s. Many of these collusive meetings were private meetings between a handful of Group of 10 (G10) central bank governors, and took place in the actual office of the president of the Bank of International Settlements in Basle, Switzerland.
Above all, these central bank meetings show intent. Intent by a group of powerful central banks to manipulate a free market gold price so as to distort free market gold pricing signals. So these documents are timeless in that regard. The documents also illustrate the concern that a rising gold price in the free market creates for senior central bankers, and importantly, also shows that these same central bankers have no qualms, at least from a legal or moral perspective, of intervening to manipulate a gold price when they see it as a threat to their fiat currency monetary system.
The 1961-1968 London Gold Pool was a collusive arrangement between 8 major central banks to attempt to keep a lid on the official gold price at US $35 per ounce. That Gold Pool was instigated at the headquarters of the Bank for International Settlements (BIS) in Basle, Switzerland and monitored at the BIS by the governors of the Pool’s member central banks. However, day-to-day activities of the 1961-1968 Gold Pool were executed by the Pool’s agent, the Bank of England in London. Hence it was dubbed the London Gold Pool. Famously, this London Gold Pool collapsed on Thursday 14 March 1968 when speculative buying in the London Gold Market overwhelmed available Gold Pool supplies from member central banks.
Whereas the members of the 1961-1968 London Gold Pool consisted of the central banks of the United States, United Kingdom, West Germany, the Netherlands, Switzerland, France, Belgium and Italy, the discussions about a new Gold Pool that took place in 1979, 1980 and beyond, involved the very same central banks.
The 1961 -1968 Gold Pool was both a selling syndicate, where the members pooled their gold reserves to intervene in the London gold market, and a buying syndicate where the member central banks attempted to replenish gold that had been used in the gold price capping operations. Similarly, as you will see below, the discussions on a new Gold Pool in 1979 and 1980 involved participant West European central banks which on the whole wished to be able to buy gold for the Pool as well as sell gold from the Pool.
Central to illustrating how the most powerful central bankers in the world colluded to attempt to establish a new Gold Pool are a number of internal documents from the Bank of England which provide a detailed blueprint on the evolution of these collusive discussions at the BIS, as well as providing detailed insights into the thinking of the senior Bank of England executives involved in the meetings. These internal correspondence documents from 1979 and 1980 can be thought of as the equivalent of internal emails in the era before corporate email systems.
As you will see below, so many names of high level central bankers crop up in the discussions and documents, that to provide context, this necessitated some short background summaries on who these people were and what roles they occupied. It is also necessary to provide some brief context on gold price movements during the period under discussion.

Bank for International Settlements – Basle, Switzerland – Gold Pool

The Gold Price Run-up during 1979 and 1980

When the London Gold Pool collapsed in mid-March 1968, a two-tier gold market took its place, with the private market gold price breaking higher, while central banks continued to trade gold with the Federal Reserve Bank of New York (FRBNY) and US Treasury at the official price of US$ 35 per ounce. However, in August 1971, Nixon closed this FRBNY / Treasury ‘Gold Window’ by ending the convertibility of US dollar liabilities into gold that had been an option for foreign central banks and foreign governments. This was the birth of the free-floating gold price.
By the end of 1974, the US dollar gold price had soared to $187 per troy ounce. Following this, the next 3 years saw the gold price first trade down to near $100 during August 1976 before resuming its uptrend. Year-end gold prices over this period were in the $135 – $165 range. In 1978, the price again broke to a record high and finished the year at $226 per ounce. See chart below.

Gold Price January 1971 to January 1980. Source: BullionStar charts

But it was in 1979 that the US dollar gold price really took off, setting record after record. In July 1979, the $300 level was breached for the first time. During October 1979, the gold price then took out $400 for the first time. During December 1979, the gold price hit $500. While these late 1979 price increases were in themselves phenomenal, what then occurred in January 1980 was even more striking, for in the space of a few weeks, the price rocketed up first through $600, then $700, and then through the $800 level before peaking in late January 1980 at a then record of $850 per ounce. See chart below.

Gold Price January 1979 to June 1980. Source: BullionStar Charts 
The mid-1970s saw a flurry of official gold sales to the market which although strategically designed in part to subdue the gold price, in practice didn’t achieve that goal over the medium term. Between June 1976 and May 1980, the International Monetary Fund sold 25 million ounces (777 tonnes) of gold in 45 public auctions. Between May 1978 and November 1979, the US Treasury sold 8.05 million ounces of high grade gold (99.5% fine) and 7.75 million ounces of low grade gold (90% fine) in 23 auctions to the private market. That’s just over 15 million ounces (466 tonnes) of gold in total auctioned by the Treasury. The last US Treasury auctions were on 16 October 1979 when 750,000 ounces of low grade coin bars were auctioned, and then on 1 November 1979 when the Treasury implemented a variable sales quantity approach and auctioned 1,250,000 ounces of low grade coin bars. On 15 January 1980, the US Treasury Secretary announced an official end of US gold sales.
As the 1980 annual report of the bank for International Settlements noted when reviewing the 1979 gold market:
“The further increase in [gold] supplies was overshadowed by the dramatic rise in the demand for gold which, in the space of little over a year, caused the London market price to increase more than fourfold to a peak of $850 per ounce in January 1980.”
“In addition to its sheer magnitude, last year’s [1979] gold price rise had three other remarkable features: firstly,  it took place against all major currencies, including those whose value had increased most during the 1970s. Secondly, it took place at a time of generally rising interest rates in the industrialised world, one effect of which was to increase the cost of holding gold. Thirdly, it took place at a time when, by and large, the dollar was strengthening in the exchange markets.”
It is against this background of surging  gold prices, pre-existing gold auctions, turmoil in currency markets, slow growth and high inflation, that the first of the collusive Gold Pool discussions took place between September 1979 and January 1980 at the BIS...

  See the full article at the source here.


Friday, 19 May 2017

Trudeaus New National Infrastructure Bank - Robbing the Poor To Give Profits To The Rich

We have previously commented on the absolute insanity of the proposed new infrastructure bank to be based out of Toronto in this article among others.

As the Liberals attempt to have the new bank approved by putting it in an omnibus bill that is being rushed through parliament opposition from all sides is mounting.
 See the following exert from the Toronto Sun on the foolishness of this endeavour.


A barrage of criticism from think-tanks, economists and opposition MPs is tearing into a Liberal plan for a private Infrastructure Bank – but the Trudeau government is fast-tracking what NDP MP Guy Caron calls “a reverse Robin Hood scheme.”
After election, the Liberals abandoned a platform pledge to “use the government’s strong credit rating” to fund infrastructure, opting instead for an investor-recommended Infrastructure Bank.
The Infrastructure Bank would collect fare, fee and toll revenue when Canadians use infrastructure financed by the Bank – transit, roads, bridges, waterworks, etc. – and remit it back to the Bank’s private investors.
Guy Caron – at the time the NDP’s Finance Critic, now a candidate for his party’s leadership – was ahead of the curve last Fall when he alerted MPs to a concerning speech by Michael Sabia, CEO of a $500 billion pension fund.
Sabia told a Bay Street crowd his fund expects a 7 to 9% return on infrastructure financing. That range was confirmed in April when the Quebec government announced it would pay Sabia’s fund an 8% return to finance a Montreal transit project.
The Bank of Canada can borrow the same money at 2% interest.
Paying higher fares, fees and tolls because of a political decision to use more expensive private capital would be a “massive transfer of wealth to the wealthy,” says Caron.
Now the chorus of think-tanks voicing concern includes the Canadian Centre for Policy Alternatives, Broadbent Institute, C.D. Howe Institute and the Institute of Fiscal Studies and Democracy, which is headed by former Parliamentary Budget Officer Kevin Page...

    See the rest of the article at the source below.
Opposition Sharpens Attack On Reverse Robin Hood Infrastructure Bank


 Is this malfeasance in public office? Or simply fraud and theft?
 As always more to come..

Tuesday, 16 May 2017

Barrick Gold Can't Justify Its Existence Beyond A Bottom Line

 More on Barrick Gold, we have previously reported how Barrick Gold is connected to a global criminal cabal, Saudi Arms dealers, the Bush family, 9/11 events, and the CIA along with its heinous modus operandi in some of the articles below.

 On the 'Great American Gold Grab'
The Great American Gold Grab - Insight into Barrick Gold, The Fed and Global Fraud

 On Barricks ties to the 9/11 false flag attacks.
 9/11 Funding, the Bronfman Family, Barrick Gold, Bin Laden, and the Bush Family

Project Hammer
Project Hammer and Barrick Gold

 Now we have an exert from a Huffington Post blogger on that sheds a little more light on the influence of Barrick on Canadian politics as well as the criminal manner in which it operates.

 Exert from the following article on Huffington Post, source below.

Barrick Gold Can't Justify Its Existence Beyond A Bottom Line
Within Canada, Barrick is a right-wing political force. Benefiting from Canadian aid money, Export Development Canada financing and diplomatic support, the company has aggressively opposed moves to withhold diplomatic and financial support to Canadian companies found responsible for significant abuses abroad. Barrick is part of regional corporate lobby groups the Canadian Council of the Americas and the Canadian Council on Africa, as well as being represented on the Senate of the Canadian International Council and the board of the C.D. Howe Institute. The company has sponsored various other right-wing groups and events.
Founder and long-time Barrick CEO Peter Munk has provided at least $60 million (he receives tax credits for donations) to right-wing think tanks such as the Fraser Institute and Frontier Centre for Public Policy as well as the Munk Debates and University of Toronto's Munk School of Global Affairs. In 2010 the Fraser Institute gave Munk its most prestigious award "in recognition of his unwavering commitment to free and open markets around the globe."
If it had to justify its existence beyond making money for capitalists, Barrick, which mainly produces a mineral of limited social value, would have ceased to exist and the world would be better off.

  See the source for full story


Monday, 15 May 2017

The Usury Based System. Towards A Worldwide Financial Disaster?

The Usury Based System. Towards A Worldwide Financial Disaster?

  An article from Veterans Today outlines the perils of the current usury based monetary system that is prevalent amongst western nations including Canada of course.
 Prime Minister Justin Trudeau and his new planned national infrastructure bank will simply add further debts for Canadians to pay off. These debt payments will go to an international consortium of rich and powerful investors who contrary to the current mantra do not create jobs by compounding their wealth.
 The Prime Minister and the Finance Minister have not been honest with Canadians about how infrastructure in this nation could be funded. The Bank of Canada has the ability to create Sovereign debt free money to fund such projects yet the Bank of Canada has been borrowing money from a global banking cabal since the Basel Accords were signed in 1974. See for more on the subject.

 Unfortunately Justin Trudeau and Finance Minister Bill Morneau have no compassion or empathy for the people of Canada, they simply act to serve their own immediate interests as Canadian Prime Ministers continue the tradition of extorting Canadians. MP Dan Albas from the Conservative party wrote an excellent article calling out the folly of creating such a bank and furthering Canadians debt loads, see here - Don't Bank on Liberal Idea
 Keep in mind that the institutional investors that will be investing in this new bank will be major global corporations like Black Rock that have no interest in the good of the nation or its people. These large institutional investors will be looking for a return on their money that is far above and beyond what we would pay on simply borrowing money or better yet returning to the issue of debt free currency to fund such projects. These investors whom Mr. Trudeau claims we as a nation need to invest in our infrastructure will be doing us no favours as the corporate Liberal propaganda machine would have us believe.
 BC and Canada will look something a lot closer to Greece in 25 years if the current course of action in this nation is continued.

 The below exert is from Veterans Today,


The Usury Based System. Towards A Worldwide Financial Disaster?

By Jonas E. Alexis on May 4, 2017
New World Order agents are in charge of all Western governments and of the military-industrial-intelligence-media complex, and they have shown themselves capable of killing anyone who gets out of line, as they did to JFK, perpetrating false flag events to stampede the populace into obedience, as they did with 9-11, or destroying whole nations as they did with Yugoslavia, Iraq, Libya, and now Syria.

…by Jonas E. Alexis and Richard C. Cook

Richard C. Cook is a retired federal government analyst. In his 32-year career he worked for five civilian agencies and the Carter White House. While with NASA he documented the flaws with the space shuttle solid rocket booster and testified before the Presidential Commission on the Space Shuttle Challenger Accident. Unable to return to NASA after his testimony, he spent the rest of his career with the U.S. Treasury Department.
On retirement in 2007, Cook published a book on monetary policy entitled We Hold These Truths: The Hope of Monetary Reform.
Jonas E. Alexis: The issue of money scandals on a massive scale is always interesting because it brings out the inexorable relationship between capitalism and usury. For example, the illustration is used that “if Judas Iscariot had invested his thirty pieces of silver at just a few percentage points compound, repayable in silver as of today, the amount of silver required would be equivalent to the weight of the Earth.”[1] There isn’t enough gold and silver in the universe to meet that challenge. In other words, the idea behind usury is an arithmetic impossibility.
But the oligarchs always try to come up with superficial and crazy ways to bypass that mathematical impossibility. Why? Well, they always attempt to come up with sophisticated ways to cheat the oppress, the poor, and the needy.[2]
For example, during the Roman Empire, after the death of Augustus, the rich started employing usury to increase their wealth.[3] In the process, they largely “controlled any financial movements in the economy.”[4] Eventually, during the decline of the Roman Empire, “the tenant-farmers were reduced to serfdom by their creditors.”[5]
Usury was eventually condemned by all religious institutions, including Islam, Hinduism, and Buddhism, because it was viewed as a practice that oppressed the poor and needy and had the potential to bring about the collapse of economic progress. In Islam, for example, trade or fee is permitted, but usury is not.
Philosophers such as Plato, Aristotle, Cicero, Seneca, and Plutarch also condemned usury as unnatural (contra natura) and immoral. This discussion became so important in Plato’s Law that he ultimately not only advises that “no money should be lent at interest” but that “the borrower should be under no obligation to repay either capital or interest.”[6]
Plato says in The Republic that the oligarchs gather their wealth through usury and by ruining the life of others, namely the poor.[7] Aristotle called usury “the most hated” form of “getting wealth.”[8] Marcus Porcius Cato, a Roman statesman who lived between 234 and 149 B.C., indirectly equates usury with murder.
As George Santayana put it, those who don’t know their history are doomed to repeat it. Over the centuries, usury has destroyed economic progress. And we are just repeating history here because compound interest is taking a huge toll on almost all the strata of the U.S. economy, especially among college students and home owners.[9]
In early 2012, student loan debt reached $1 trillion,[10] with the average graduate owing at least $25,000.[11] During the same season, student debt rose by 8% and college tuition skyrocketed.313 Fifty-one-year-old Doug Wallace, who graduated from Eastern Kentucky University with a debt of $89,000, declared, “It’s like you’re not of much worth in society.”[12] Courts are now finding that “debt collectors misled borrowers” with regard to student loans.[13]
Kelsey Griffith, a student from Ohio, graduated with a debt of $120,000. Chelsea Grove, a Bowling Green State University drop-out, is now paying off a $70,000 debt, even though she has no intention of going back to school. Christina Hagan will have to pay off a $65,000 debt when she graduates from Malone University (an evangelical school).
Although she makes $60,000 a year as a state representative, “she plans to begin waiting tables in the next few weeks…to help pay down her student loans and credit cards.”[14] Hagan has a message for the younger generation, “I placed a priority on a Christian education and I didn’t think about the debt,” she said. “I need my generation to understand that nothing is free.”[15]
Capitalism makes usury not only sophistically alluring for the rich and powerful, but makes it legitimate, and for this purpose it has received widespread criticism.[16] Capitalism is not just “wealth” or economic exchange in the free market. Soon or later usury is going to sneak in—the exclusion of ethical values in the pursuit of usurious contracts.
One anthropologist and historian who has studied this issue from the early centuries likened modern capitalism to “a structure designed to eliminate all moral imperatives but profit.”[17] Over the centuries—most specifically during the twentieth century—Jewish intellectuals have refined usury in such a way that the masses are completely oblivious of what is actually going on. And their definition only works for the rich and powerful, not for the poor and the needy. William Deresiewicz of the New York Times, summarizing the avarice and usurious activity of the rich over the past few decades, tells us unapologetically:
“Enron, BP, Goldman, Philip Morris, G.E., Merck, etc., etc. Accounting fraud, tax evasion, toxic dumping, product safety violations, bid rigging, overbilling, perjury. The Walmart bribery scandal, the News Corp. hacking scandal—just open up the business section on an average day. Shafting your workers, hurting your customers, destroying the land. Leaving the public to pick up the tab. These aren’t anomalies; this is how the system works: you get away with what you can and try to weasel out when you get caught.”[18]
In short, the oligarchs always use capitalism to suppress the poor and the needy. They always use ambiguous phrases such as “economic freedom” or “economic exchange” in order to sneak in usurious contracts into the economic equation. And if you are against “economic exchange,” they argue, then you must be a socialist or communist or something equally weird.
Those who don’t think that capitalism is a sophisticated way of cheating the masses probably don’t know what capitalism really is. That is why we are inviting Richard C. Cook to tell us a little bit about this because he spent years working in Washington.

Richard C. Cook: Since I retired in 2007, I have published several books and dozens of articles on public policy matters. My next book was on monetary policy and titled, We Hold These Truths: The Hope of Monetary Reform. This book consisted of a history of the U.S. monetary system and an explanation of why that system should be changed radically to avert further disasters.
In the book I predicted the financial collapse of 2008. Of course the changes I prescribed have not been made, and in the nine years since then the situation has become much worse. In fact, we likely have passed the point of no return.

 Very few people understand how the Western banking system really works and how it differs from that which operates in such countries as Russia, China, and a few others, with partly controlled systems that still derive from their formerly communistic economies. Those who do understand are based in the world’s financial centers such as London, New York, Paris, Frankfurt, Milan, Basle, etc.
These are the owners and operators of the largest banks. Representatives of these privately-owned banks are assigned to manage national central banks, like the Bank of England and the Federal Reserve, and international quasi-public institutions like the International Monetary Fund.
One of my projects at the U.S. Treasury Department was to develop and teach training courses on the history of U.S. government finance. My research showed that in American history, the type of financial system based on central banking controlled by private interests used to be known as the “Jewish system.” I did not employ this term in teaching my classes because of the sensitivities involved. But to use it would not have been “anti-Semitic” as much as a statement of historical fact.
The Western financial system based on bank-issued debt as the dominant means of introducing money into circulation was created by medieval money-changers in Europe. By the time of the Renaissance, modern banking had begun to take form. There was also the assumption that if lending were backed by gold and silver held in the vaults of banking institutions that real value could always be counted on if promissory notes were called in.

 But there are deeper structural problems. The inevitable consequence of any economy based on usury, depending of course on whether interest is simple or compound and also on the prevailing rate of interest, is that the wealth of that economy will gradually pass into the hands of the financial controllers. This fact has been known and understood since the system first appeared in ancient Babylon, as documented by Dr. Michael Hudson. Dr. Hudson even cites an ancient legend that the system was invented by the Devil to enslave human beings.

 A usury-based system sucks the purchasing power out of the producing economy. This places every institution and individual within that economy under pressure to constantly generate an ever-increasing level of economic activity to stave off bankruptcy, ruin, and even starvation.
Historically, the system took a major step toward chaos when banks were allowed, by law, to lend more than they had on reserve. “Fractional reserve banking” was a natural outgrowth of the practice banks were permitted to engage in under the assumption that not everyone would want to redeem their paper notes with gold and silver at the same time.
Unfortunately, the more mature an economy becomes, the more the economic growth rate slows and the greater the stress involved in the simple act of living. Many cannot keep pace as the ranks of the poor grow. The ancient Hebrews recognized the peril of the system by mandating a periodic “Jubilee” when debts were forgiven.
In today’s economy, there is never a Jubilee. So in order to pay off debt, the economy must constantly grow. In order to make it grow, everything else must be sacrificed. When human values conflict, they must be pushed aside to serve growth. Ask any politician—economic growth must be constant; non-growth is disastrous.
Further, without regulation, companies are motivated to cut costs by wanton pollution, reducing wages, and overusing public infrastructure like highways without paying their fair share of taxes.

This is where Western society has arrived today. People and firms must constantly increase the rate of economic activity just to pay their debts, leading to increased resource consumption, brutal competition among individuals and nations, price inflation, war, crime, and breakdowns in health and social order. The idol of Mammon is voracious in demanding its blood tribute.
Because machines are increasingly better able to produce goods and services than people, technological unemployment is soaring even as human beings lose the income needed to purchase what must be produced. Vast numbers are increasingly left out of the economy, leading to human exploitation that in some parts of the world even includes a resurgence of human slavery.
Thus an economy that is incredibly productive on the one hand creates increasing misery on the other. Such an economy is unsustainable. The fault lies chiefly with the usury-based financial system. It is not that alternatives are not available. Different methods have been used at various times in history to introduce money into circulation apart from debt-based private banking...

 See source for the next chapter on how Reaganomics destroyed the economy -

More to come..

Friday, 12 May 2017

TF Metals Report Interviews GATA Chairman About Market Rigging

From GATA and TF Metals Report on market rigging


TF Metals Report interviews GATA chairman about market rigging

10:27a ET Friday, May 12, 2017
Dear Friend of GATA and Gold:
The TF Metals Report this week interviewed GATA Chairman Bill Murphy, discussing, among other things, the latest smashing of monetary metals futures prices on the New York Commodities Exchange, the depression in the monetary metals mining sector, whether there is any limit to the suppression of monetary metals prices, and whether the anti-trust litigation against the big investment banks that have been accused of rigging silver prices will have any effect. The interview is 44 minutes long and can be heard at the TF Metals Report here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Wednesday, 10 May 2017

Canadian Banking System Exposed

 From Bill Abrams,

 Canadian Banking System Exposed

Source -

The Plan to Bankrupt BC Hydro

 We have previously reported a variety of concerning information that has come to light regarding the BC Investment Management Corporation (BCIMC) which is the BC Public Servant pension fund of over $120 Billion dollars. We have shown how the BCIMC is simply a tool for our public officials and their masters to extort and loot this province.

 Of course the robbing, looting and destruction of the English family certainly tops the list of the crimes of the BCIMC as can be seen here at
 Details Legal Filings against the BCIMC and co-conspirators can be seen here. The matter has been delayed..

 In addition we have covered how the BC Securities Commission is connected to the BCIMC, it actually owns 'securities' in a financial entity (BCIMC) which it is supposed to regulate!
 See the following for more on this subject The BC Securities Commission-A Regulator Who Regulates Their Own Investments? .html.

 We will further demonstrate how all of this is connected, from the Smart Meter Scandal, to the future destruction of BC Hydro through the Site C Dam, to how the CAI is connected to the CIA, and how the BCIMC and BCSC play large roles in extorting this province as we continue to release information on this blog.

 Now I will share a letter from Mr. English who along with his family was the victim of the malicious attack referred to above. The letter is prior to yesterdays election however due to the in-depth involvement of the likes of Christy Clark in such schemes handcuffs are an equally effective way to remove the criminals in power as a vote.
 Given what we have seen over the past year or two in terms of the truth coming out, the retreat of those who are involved in this criminal enterprise as well as more and more people becoming aware of the crimes of our public officials and their hidden associates, it would not surprise me if Christy Clark is forced to resign at the very least or ends up in a prison cell. Both Americans and Canadians are victims of this mass RICO operation, in fact Canadian Authorities should move to take action if only to ensure they still control their own turf so to speak. According to law Ms. Christy and the gang could very well be liable for their crimes in the US as well as Canada. Various legal tools gives US authorities powers of extradition in international racketeering cases, racketeering on a global scale is exactly what is happening in BC. Just as BCSC employees are not immune to prosecution for criminal offences although it may seem they are, neither are Of course this means the US would have to go to war against an agency that is supposed to protect it as the CIA along with the Cabal of international bankers is among the very factions that is robbing the people of both nations blind.

 A letter from Mr. English below:


Plan to Bankrupt BC Hydro

This is a major reason to Vote for your Independent Candidate in the
BC Provincial Election on May 9, 2017.
All the BC Political Parties are top run dictatorships.
 The people of BC must stop the Site C Dam which will bankrupt BC,
remove Smart Meters like Sasatchewan just did, and return BCIMC
to BC Government Public Management.
 Also the police in Canada and the US should be investigating the role of
Tracey McVicar and CAI Private Equity Partners (New York) in cross border government corruption and conflict of interest in the BC Hydro Smart Meter forced imposition on the health and safety of BC residents orchestrated by
CAI, BCIMC and McVicar and the BC Liberal Government from which they illegally made multi million dollar profits.
Every Independent Candidate in BC would do well to show this video expose of the continuing criminal conspiracy against BC Hydro and the people of BC every night in a local church or meeting hall for free (or by donation)
and hold a Q & A afterwards.
 We need to let BC voters know they need to vote Independent to expose and stop this giant BC Hydro fraudulent takedown by what appears to be a coordinated conspiracy to bankrupt Hydro and sell it to a giant corporate
Private Equity group like CAI Private Equity Partners.
 It looks like the criminal plan is to purposely financially bankrupt BC Hydro so they can make billions off the backs of BC residents and tax payers just like they did with the Smart Meter attack which they illegally orchestrated and profited from to the tune of hundreds of millions while Tracey McVicar was illegally a director of CAI Private Equity, BCIMC and BC Hydro at the same time the smart meter scam was foisted on BC ratepayers..
 McVicar's Vancouver Branch of New York based CAI Private Equity bought the company that supplied the Smart Meters and then she very likely used her position as Director in BC Hydro and BCIMC to approve this scam and health hazard on unsuspecting BC Taxpayers.
CAI Private Equity illegally made hundreds of millions from this massive conflict of interest and conspiracy and then sold the smart meter company after they cashed in and defrauded BC Hydro and endangered BC voters/taxpayers.
This was done with the full approval and assistance of Christy Clark and the
BC Liberal government.
This is a government of criminals!..
It must be stopped.
Stop the takedown of BC Hydro and British Columbia by CAI Private Equity
which is a gang of New York Banksters using BC as their Killing Fields.
The US Department of Justice should be involved as the US Financial Corrupt Practices Act may well being violated here with the actions of CAI Private Equity Group and Tracey McVicar in BC.
Feel free to pass on a complaint to the US DOJ FCPA Division.  
These matters and the involvement of Tracey McVicar should be investigated.
 This gang of criminals embedded in the present BC Government must be stopped before they completely loot this Province and destroy us all..
This is our future and our children's at stake here.
We are under attack by a professional gang of criminals in suits who have
penetrated our government and taken control.
Hydro rates are already so high people are sitting in the cold
as they don't have the money to pay such huge rates.
 The people of BC are being fleeced and bankrupted by the New York
CAI Private Equity Group and their partners in crime, the BC Liberals!
The takedown of BC Hydro will be the Smart Meter Attack times ten!..
Stop the theft of BC Hydro now!
Outlaw IPP's and take back control of BC Hydro and the power, independence and security given in trust to the people of B.C. by WAC Bennett.
Vote Independent! 
Please forward this video/email to your friends and appropriate law enforcement authorities in Canada and the US..

 Now lets have a look at how CAI and the BCIMC partnered up to buy BC Hydro over a decade ago.

  As always more to come..

Tuesday, 9 May 2017


  We have previously posted several interesting reports from our friends at and their efforts to find out why the BCSC and its staff failed to protect shareholders in its project.
 This includes the following New Bombshell Evidence Produced-Before A BCSC Panel Involving BC Liberal Party MP.
 How the staff at the BC Law Society are for the most part spineless leeches can be seen below and as we know this is routine behavior for the den of thieves at the BC Law Society, Why Wont Lynne Knights Of The LSBC Investigate BCSC Lawyer Olubode Fagbamiye?.

 Phone call with Mr. Olubode Fagbamiye on the what goes down at the BC Securities Commission.
Olubode Fagbamiye Of The BCSC A Chicken Shit

Now BCSC Truth Movement has issued another Freedom of Information (FOI) request regarding how the BCSC handled its case and why it ignored a settlement offer that would have made the shareholders whole. The below is from BCSC Truth Movement.



As most that follow this blog know, we have been trying to get BCSC Chair Brenda Leong to come out from under the rock she is hiding under and answer candid questions regarding the actions of her Staff down at the good ole’ British Columbia Securities Commission.    We are 3 days away from the one-year anniversary of our initial email sent to her – and to date, she has not once responded to many of the emails we have sent her since May 11, 2016.

                             BCSC's Brenda Leong Above

We have questioned for months now why she will not respond – to either acknowledge our complaint or to even defend her Staff.   Staff at the BCSC must really question whether or not she has their backs in a situation like this.  She will not defend their actions and has essentially turned her back on them for months now.   Hard to believe bu this woman makes nearly $500,000 per year – and it is her responsibility to defend the actions of her staff – mainly the junior BCSC litigator Olubode Fagbamiye and former BCSC Litigator C. Paige Leggat (Leggat is the lawyer who resigned or was terminated shortly after our allegation was brought to light in our Submission on Liability in the Spring of 2014.
Today, we sent the following Freedom of Information request to the BCSC in an attempt to finally get her to answer our questions – and to see if she has any sort of decency in dealing with our complaint finally after these unacceptable delays. Have a look….

Do you think she will respond in her professional capacity as the Chair of the Board who “represents the Commission effectively as its primary public representative”?   Or as the Chief Executive Officer who “effectively manages the relationships among the board, the commission, industry, investors, other regulators, and the public”?
Time will tell Brenda, time will tell!   C’mon out from under that rock!

 Source -


  As always more to come..