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THE LARGEST THEFT IN HISTORY

 

By Al Duncan

February 8, 2013
NewsWithViews.com

An excerpt from 'The Master Plan'

“The international banking system and the international industrialists had dominated the European setting for decades through the establishment of Central Banks. Through Central Banks, the Elite gradually absorbed the wealth of the world and used it to further their goal of a New World Order. All previous efforts to pass off a Central Bank on the American public had failed. And that was only because the United States Constitution gave Congress alone the authority to create money and govern its value.

“With planned precision, every ploy was used to establish a Central Bank in the United States, but it had to be secretly slipped into the Republic. It had to be a financial institution that performed all the functions of a Central Bank, and yet, the American public had to be convinced that it operated on their behalf. With great planning late one Christmas eve, while most Legislators were with family, the Federal Reserve Act was sneaked through Congress.

“The Federal Reserve (Fed)—a Central Bank privately owned by the Elite, International Bankers—created a financial power independent of, and above the Government of the United States. Under the Federal Reserve Act, private bankers were allowed to create money out of nothing and loan it to the United States at a high rate of interest.

“Along with the implementation of the Fed was the Income Tax. This unconstitutional taxation forced Americans to pay the government for each hour they worked; Americans were now taxed for making living. While normal taxation is applied to support some form of government action, not one dime of this tax was used for the country, but every penny went directly into the pockets of the shareholders of the Federal Reserve Bank.

“The Elite had finally devised a means to empty the United States treasury, transfer the power to create money into their control, and extract wealth from the American people by taxing them for making a living.”

“It was the Federal Reserve Act that transformed the United States from the greatest creditor nation in the history of modern civilization to the greatest debtor nation; from the greatest exporting and manufacturing nation into the greatest consuming and importing nation with a continuous balance of trade against it. Moreover, the Federal Reserve Act helped to cause the most benevolent nation in the history of the world to become the most tyrannical.

“One Central Bank was needed to consolidate all central banks, so the Bank for International Settlements (BIS) was established. This Central Bank was also privately owned and controlled by the world's central banks, all of which were private corporations. Through the BIS, and its American counterpart the Fed, the Elite were able to move billions of dollars daily and change the direction of economies by simply raising or lowering the interest rate one fraction of a percentage point. Collectively, each central bank dominated its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in each country, as well as obtain the support of politicians by giving them economic rewards in the business world, such as insider tips on when the rates would be raised or lowered.

“The Gold Standard held the dollar to a tangible, defined value and so it had to be removed. With the elimination of the Gold Standard, was the introduction of the credit system. Making credit available to the public replaced capitalism and its economic free-market system determined by competition. Eliminating the gold standard and introducing a system of credit completed the Federal Reserve coup.

“Banks operate on what is called a fractional-reserve banking system. That is, the amount of money held in reserve represented only a fraction of what banks could loan. With the gold standard gone and credit firmly in place, the Security Exchange Commission (SEC) eventually allowed banks to loan up to ten dollars for every one dollar held in reserve. To remove all restraints by the SEC, the Elite bankers employed the nation’s leading lobbyists and launched an all-out assault on Washington to render the SEC impotent. They simultaneously bought, bribed and threatened public officials to employ banker personnel in key government regulatory positions, especially within the SEC, the Federal Reserve and the United States Treasury. Through this banker-lobby intervention and Congressional capitulation the SEC was infiltrated and subverted. Now, regardless of the amount held in reserve, the banks were allowed to loan as much as they wanted; this was like being able to create money out of thin air.

“Commercial banks and investment banks operated under different regulations. The Glass Steagall Act allowed investment banks to buy, sell and trade commodities, but restricted commercial banks that took in deposits to make sound investments for their depositors. It was the Glass Steagall Act that protected the depositor by restricting commercial banks from speculating with depositors’ funds. And so the next banker-lobby assault resulted in the removal of the Glass Steagall Act.

“With all obstructions gove, the Elite international bankers needed a vehicle to siphon depositor’s funds, thus the creation of Mortgage Backed Securities (MBS), also referred to as derivatives. So with all restrictions removed, banks began to speculate using depositor’s funds, and when those funds were exhausted, they begin speculating with money created out of thin air.”

“The Elite central bankers conspired to steal the world’s wealth and place the burden of their theft upon the peoples of world in the form of a debt so overwhelming they could never recover. And the means they used to accomplish this diabolical conspiracy were Mortgage Backed Securities, sometimes referred to as Derivatives.

“With all restraints now out of the way, the door was open for collusion between commercial and investment banks. Eliminating the SECs regulation that limited the amount that banks could loan against their reserves and removing the protections given to the public through the Glass Steagall Act paved the way for the real estate bubble, the siphoning of wealth and the total financial takeover.

“Typically, insurance ratings for real estate loans are based on the appraised value of the property and the borrower’s ability to repay the loan, along with a substantial down payment based on a percentage of the loan. These combined factors constitute a good or bad loan rating. Insurance companies like American International Group (AIG) guaranteed loans as triple-A prime, when they were actually subprime, which made them participants in this conspiracy.

“The Fed sets the rate of interest that commercial banks can borrow money. The lower the rate banks pay, the lower the rate banks charge borrowers. Low rates enticed banks to borrow this cheap money from the Fed. The interest rate set by the Fed also determine the rate banks pay their depositors. Low interest rates discourage depositors from saving, resulting in fewer funds to loan, which forces the banks back to the Fed’s money trough for more cheap loans.

“Equally so, cheap money encourages investors to invest in- or expand businesses. Low interest rates also encourage people to make large purchases such as cars and homes. By artificially adjusting the interest rates down, instead of allowing the rate to fluctuate naturally based on cost and demand, the Fed controlled the flow of money into and out of the market. Since the United States is the engine that drives the global economy, the Fed, seated at the helm, was able to manipulate the economic markets around the world.

“In order to stimulate the housing market the Fed incrementally lowered interest rates. Government lenders such as the Federal Housing Administration, Fanny Mae and Freddie Mac eliminated previous loan restrictions, encouraged every kind of creative loan imaginable, and even approved unqualified buyers to buy homes. These actions were combined with huge TV, radio, and newspaper advertising campaigns, which drove real estate prices to unparalleled heights.

“As the housing market ballooned, the millions of risky subprime loans that were deviously combined with prime-loans were packaged as MBS and falsely rated Triple-A prime. While commercial banks retained some of these securities, investment banks purchased them in mass amounts, repackaged them, reinstated the deceptive triple-A prime ratings and resold them. Mortgage Backed Securities were sold to every person and institution that would buy them; investment houses, colleges, cities and even counties held them as major investments in their portfolios.

“Being in high demand, MBS were sold, and then resold hundreds of times all over the world. With each subsequent sale, a premium and a commission fee was added, causing the original cost to double, triple and even quadruple with each new sale. As long as the housing market was thriving everything was fine. But when the unqualified buyers started forfeiting on their loans and the insurance companies were no longer able to compensate the losses, the real estate market literally imploded overnight.

“Instantly, MBS weren’t worth the paper they were printed on. Anyone holding these instruments suffered great losses and since most banks around the world were saturated with them, they were instantly insolvent. The rough estimation of losses by the international banking community, the insurance companies and the lending institutions was close to one gazillion dollars, if you can fathom such an amount.

“Well, money doesn’t just disappear. Even zeros on a ledger have to be accounted for. With each transaction, the Elite bankers siphoned the profits. Banks, however, had acquired huge losses in this MBS gambling spree and most were now bankrupt.

“To finalize the theft, and transfer the burden of debt to enslave the people, government leaders were threatened with an international banking failure and a total financial collapse. The solution was banker bailouts, such as Troubled Asset Relief Program Fund (TARP), Stimulus Package and eventually Quantitative Easing (QE) I, II and III, and then QE to infinity. This allowed the Elite to weed out the competition by restoring only those banks owned by them.

“Many public officials were in collusion with these Elite bankers, others believed that by helping to sabotage the existing world order they would gain status in the New World Order. Some politicians yielded to the globalists bankers’ demands out of bribes or threats; some did so out of fear of losing their position, while others were truly deceived and believed they were saving the world from an economic Armageddon. The most pitied were those obsessed with their petty positions of authority, and callously executed policies with ruinous consequences.

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“For a vast range of personal reasons, politicians agreed to the bankers’ demands. The obligation to payback what the bankers stole was shackled firmly to the people forever. The payment was in the form of a tax that went directly to the coffers of the Elite central bankers. The total debt was so enormous that if every working person in the world gave every dime they earned during their entire lifetime, a hundred future generations couldn’t pay it off.

“Monique, the worldwide economic collapse was an elaborate heist by the Elite international bankers. They extracted the bulk of the world’s wealth and strapped such crushing debt upon the people that their entire existence was consumed to repay it.

2013 Al Duncan - All Rights Reserved

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“Al Duncan is the author of The Master Plan, which is now being revised. He is also compiling a booklet of about 60 short articles for publication and future availability. Until recently, he wrote a weekly column for a local newspaper, the Lake County Record Bee, distributed by Associated Press. The readers were basically secular and unaware of the New World Order, so his articles were written hoping to educate the reader on this subject. However, Al realizes that NewsWithViews attracts an informed reader, who is seeking to expand his or her understanding of the truths behind the daily events, and how these truths can best help them meet the challenges ahead.

“Al is the fourth generation of Real Estate Brokers and for the past eight years he has owned Al Duncan Real Estate, Inc. in Clearlake, California. For the past seven years he has been on the financial committee, participated as a Sunday greeter and head usher at Lake County Bible Fellowship in Lakeport, California.”

E-Mail: alduncan@pacific.net

 


 

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