Why is Obamacare so Unaffordable? Because It was Conceived as a Political Weapon of Mass Economic Destruction!
- Why is Obamacare so unaffordable? Because it was conceived as a political weapon of mass economic destruction!
by Mike Adams, the Health Ranger, http://www.naturalnews.com/
(NaturalNews) Right now, all across America, employees are receiving notices that their insurance coverage is being dropped because it isn’t “compliant” with Obamacare. Simultaneously, employers everywhere are slashing jobs, cutting hours and downsizing their operations just to stay afloat by avoiding the most punishing requirements of Obamacare. Across the economy, Obamacare is devastating American workers and casting tens of millions of people into a state of despair.
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Why is Obamacare — the “Affordable Care Act” — so unaffordable? Why is it causing jobs, hours and insurance policies to be gutted all across America? Because it was designed as a political weapon to destroy private sector jobs so that more people would become dependent on government entitlements, food stamps and welfare programs.
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Mass victimization is a political strategy, and Obamacare is the weapon
It’s time you learned the truth about Obamacare and how victimization is a political “weapon of mass destruction.” The Democratic party thrives primarily on victimization. The more destitute workers become, the more they demand handouts from politicians, and no party is more willing to widely distribute handouts than the Democratic party. Ensnaring people in a cycle of poverty and dependence is the democrats’ long-term re-election strategy. The more people who live in poverty, in other words, the more powerful the Democrats become.
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(In fairness, the Republicans’ long-term re-election strategy is to ensnare nations in endless wars, conflict and engineered terrorism. But that’s another article altogether. For the record, I endorse the platform of the Canary Party.)
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Because of this dynamic, the Democratic party is terrified by individuals who can take care of themselves. Self-empowered people quickly learn they don’t need as much government in their lives, and they tend to vote for smaller government. But people who are in a state of constant crisis from losing their job, getting their hours cut or losing their health insurance automatically turn to big government for help. They demand more government and more assistance programs, and this reliably translates into more democrats getting voted into office on election day.
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From the very start, the Obamacare plan was to thrust American workers into a state of despair and panic by making health insurance all but unaffordable to employers. To top off the scheme, the entire charade was named the “Affordable Care Act” to fool the masses into initially supporting it. (Beware of the name of any 1,000-page act passed by Congress. They are almost universally named the opposite of what they actually accomplish…)
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The ploy succeeded, and now millions of American workers are just beginning to wake up and realize, “Hey! We’ve been lied to!”
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The real disaster begins October 1
Just how bad is Obamacare, really? It’s so bad that Congress recently conspired with the White House to make sure all members of Congress are exempted from its core mandates. This means Congress won’t be using the same health care system they have forced upon everyone else. How’s that for integrity?
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In just a few days, the nation is going to find out just what a mess Obamacare really is. October 1 is the day the so-called “Obamacare exchanges” are supposed to be open for business. It’s also the day when the train wreck really begins, so expect all sorts of glitches, failures, privacy breaches and other electronic problems to appear.
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read more!
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THE INSATIABLE BLOODSUCKERS BARONS THAT CONTROL THE TRAITOR obama, GOLDMAN SACHS, CITIGROUP, JP MORGAN, ETC.
Obama in Office Is Biggest Threat to Lives; U.S. Public Hospital System Being Destroyed
November 13, 2013 • 9:39AM
The extent of downsizing and closures underway in the U.S. medical system—centered on hospitals, is now at the stage of ending public hospital service for huge parts of the nation, and upping the death rate for mass numbers of people—genocide.
Below is a short list of some of the multiple areas of Wall Street/insurance/Obama assault on what remains of the U.S. hospital system, as summarized in the current fact sheet by the American Hospital Association. http://www.aha.org/
Also noted are several of the many bi-partisan expressions of protest to the devastation underway, which will go nowhere without getting Obama out of office, reinstating Glass-Steagall and building an economy, and a real health care system.
The immediate cause of crisis in hospital and related services—logistics, staff, diagnostics, treatment and training—are the cuts in Federal funding mandated by Obama’s 2010 ACA (“Obamacare act”)—focussed on, but not limited to “excess” care for the old and poor,— that is, Medicare and Medicaid. Some of these cuts went into effect last year, some are going into effect right now (FY 2014, which began Oct. 1), and more are set to take effect in the coming months.
The contrived excuse given in 2009-2010 is that there would be “universal coverage”—health care for all, paid for by cutting $500 billions over 10 years from Medicare payments to hospitals and doctors, and another $200 billions in various kinds of additional cuts—which, it was asserted, would come from ending “excessive” care, and “overtreatment.”
The designers of the ACA—the Wall Street insurance sector and the White House, knew they were imposing a corporatist—government/private—system, to loot what remains of health care, and kill people at the same time.
These Obamacare cuts in resources, come on top of prior years of erosion of the U.S. medical care system, over the decades of damage from so-called private “managed care,” (starting in 1973), deregulation to allow for-profit financial groups to buy-up non-profit hospitals (starting in the 1970s), and finally the culmination in corporatism—as seen in the Federal government/private insurance “sign ups” scheme, even if HealthCare.gov is a fiasco.
The number of community hospitals today is falling below 5,000, which itself is below the 5,800 a generation ago. There are far fewer beds per 1000 residents than modern standards of medicine require; and likewise, fewer ratios of scanning, infusion and other facilities.
Each week there are announcements of hospital staff and program reductions, and closings. Examples:
* Washington, D.C.. The for-profit Medstar Washington Hospital Center announced new staff cuts yesterday.
* New York. In the western part of the state, a desperate scramble is on, for how to keep the Lake Shore Healthcare Center open (in Irving), scheduled to shut this Winter. The hospital was bought up, then dumped by the mega-UPMC (University of Pittsburgh Medical Center, technically non-profit, but part of the new globalist med operations). Lake Shore is the main facility for a community which includes the Seneca Nation’s Cattaraugus Territory.
– Obamacare Is Destroying the Hospital System –
These are a few of the types of deliberate reductions and cancellations in support for the U.S. hospital system, under the Obama Administration:
1. Reduce Medicare payments to hospitals’ outpatient services. Any service to over-65 year olds in a hospital, is to be paid the same as for the same services given in a physicians’ office setting, according to a new MedPAC recommendation before Congress. This will reduce the hospital payment between 65% and 80% for 10 of the most common outpatient hospital services.
* Money Goal: Reduce Medicare spending by $900 million a year, that is $9 billion over 10 years.
* Impact: Services available nowhere else but in a hospital outpatient department, for low-income patients, and for persons with multiple conditions, will be threatened to shut altogether. As of MedPAC’s own data, hospitals are already negative 11% for Medicare outpatient services.
2. Cap Medicare payments for a list of 66 outpatient services (ASC—Ambulatory Services Classification) provided at a hospital, according to a recommendation by MedPAC, under consideration by Congress.
* Money Goal: Reduce Medicare spending by $900 million a year.
* Impact: Access to services may be entirely shut; among the 66 procedures are such things as nerve injections, neuropsychological testing, and others.
3. Reduce Medicare payments to defray the bad debt hospitals took on to treat low-income Medicare patients who could not afford their deductible. Historically, Medicare paid 100% of such bad debt, until the 1990s through today, when payments were reduced.
* Money Goal: These payments were reduced last year for most hospitals, down to 65%. And will be reduced over three years for small, rural CAH—Critical Access Hospitals, down to 65%. Total “saved” multi-millions.
* Impact: The death rate will rise in rural areas, as the critical access hospitals must close. Care for inner-city urban poor likewise will be drastically lessened.
4. Cut graduate medical education. Obama’s FY 2014, now in effect, reduced payments to teaching hospitals, by reducing the GME program—Graduate Medical Education.
* Money Goal: Cut $11 billion over 10 years. Simpson-Bowles wants a reduction of $22 billion by 2025.
* Impact: The severe shortage of physicians will worsen. As is, the deficit of doctors within 10 years, is expected to top 120,000.
5. Reduce payments to providers of Medicaid—medical services for the poor, in various ways. For example, the Federal match rate for disaster-recovery FMAP (Federal Medcial Assistance Percentage) was reduced in 2012 from 71.92% down to 65.51% in Louisiana, eliminating multi-millions of dollars to pay for Medicaid n the state,
* Money goal: Cut $11.2 billion over 10 years. The Simpson-Bowles proposal, is to cut $44 billion by 2020.
* Impact: More will die. Medicaid right now covers 1 in 3 children; 1 in 3 births; 8 million persons with disabilities; 1 in 4 non-elderly adults.
6. Reduce support for small and rural hospitals. Cuts are in effect or planned for whole classes of smaller hospitals, in particular, hitting Medicare Dependent Hospitals (MDH, of which there are 200 nationwide), a program called adjustment for Low Volume Hospital (LVH), and aimed at 1,332 Critical Access Hospitals (CAH) in rural areas. In August, the Obama Administration announced its intention to re-categorize 600 to 800 of the 1,332 CAH hospitals, in a way to deprive them of the means to continue.
* Money goal: Cut tens of billions of dollars.
* Impact: If the CAH proposal goes through, 70 of Iowa’s 80 rural CAH hospitals could shut; in Wisconsin, 53 out of 58; with a similar pattern in other states.
Protest: A bipartisan group of lawmakers is skirmishing to try to save small and rural hospitals, and those serving a population in which at least 60% are enrolled in Medicare. They include Rep. Morgan Griffith (D-VA) and many others. A joint letter defending the CAH hosptials was issued by Rep. Ron Kind (D-Wisc.); and David McKinley (R-W. VA). In the Senate, Tammy Baldwin (D-Wisc.) led a group of 20 Senators demanding the protection of rural hospitals; including, for example, Iowans Chuck Grassley (R) and Tom Harkin (D), whose state has 80 CAH hospitals, 70 of which are threatened by Obama shutdown.
7. Reduce support to hospitals to defray their uncompensated care for charity patients. This is called the Medicaid and Medicare DSH—Disproportionate Share Hospital program, referring to a high share of the hospital’s cases being low income, uninsured and underinsured.
* Money goal: The ACA reduces the Medicaid DSH payments by an estimated $14.1 billion from FY 2014 (now) through FY 2019; and Medicare DSH payments by $22.1 billion from FY 2014 through FY 2019.
* Impact: Care is cut back; programs and hospitals must shut. People die.
8. Impose new restrictive hospital admissions policy—the “two midnights” rule, for Medicare and Medicaid patients. The CMS ordered this into effect Oct. 1, to drive down numbers of patients in the hospital for “observation”—that is, for analysis and care. Chaos and misery are underway. The CMS will pay a hospital for an inpatient case which spans at least two midnights; but if a patient is treated for a shorter stay, the hospital will be paid on the much lower outpatient basis, not matter how clinically severe the case is.
* Money goal: Billions diverted away from hospitals.
* Impact: People’s diagnosis and treatment is compromised; the judgment of doctors, and hospital staff overridden. Patients—even with Medicare and supplemental insurance, find they themselves are socked with huge bills.
Protest: 105 members of Congress appealed to the Obama Administration to delay the Oct. 1 start date of the “two midnights” rule, which was ignored. The CMS conceded to a delay for 3 months of when to start financial penalties on hospitals for non-compliance.
9. Penalize hospitals for “excess” readmissions. This began Oct. 1, 2012. The first year, a “too high rate” of readmissions was monitored for heat attack, heart failure and pneumonia. In 2015, readmission rates will be additionally monitored for chronic obstructive pulmonary disease, and for total hip or knee replacement.
* Money goal: Billions. Last year (FY 2013), hospitals were fined 1% of their Medicare base payments. This is being increased to 3% by FY 2015.
* Impact: Masses of people are sicker, and prone to death. http://larouchepac.com/node/28861
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1) WHO CONTROLS OBAMA AND THE INSURANCE COMPANIES INVOLVED IN THE GENOCIDAL “REFORM” OF THE HEALTH CARE SYSTEM ?
While Obamacare Kills, It Wildly Enriches the Insurance Conglomerates — as Intended
October 4, 2013 • 11:48AM
Two-thirds of the poor blacks and single mothers in the United States, and more half of the low-wage workers without health insurance, will be DENIED any support for their health care under Obama’s “Affordable Care Act,” even while the cost of the coverage available to them increases drastically. A New York Times analysis of census data shows that the 26 states which chose not to expand Medicaid (a choice left to the states under Obamacare), comprise half the nation’s population but 68% of the poor, uninsured blacks and single mothers, who will not be eligible for coverage under the killer scheme.
The study estimates that eight million Americans are “impoverished, uninsured, and ineligible for help.”
The study did not even count the huge undocumented immigrant population.
It is no surprise that the winners in the Obamacare game are from Wall Street’s big insurers. This is inherent in the fascist (corporatist) nature of the plan, which unites the health insurance cartels with the government, in a drive to cut back health care for the “useless eaters” in the population.
Robert Lenzner of Forbes reported Oct. 1 that the “value of the S&P health insurance index gained 43%” this year alone. CIGNA is up 63%; Wellpoint 47%; and United Healthcare 28%. Since the passage of Obamacare in 2010, the stock values of these big firms have risen 200-300%!
United Healthcare, the largest insurer, with about 70 million insured, reported last summer that they had a particularly strong past year, with net income of $5.1 billion, up by 11% from the previous year; similarly for the others — even before the bonanza to result from the corporatist plan to force every American to buy their inflated products, beginning on October 1.
United Healthcare, it should be recalled, has as a top executive Simon Stevens, who was Tony Blair’s health policy advisor and the architect of NICE (National Institute for Health and Clinical Excellence) in 1999, the “reform” of the British National Health Service which imposed triage and genocide on the British people through selective denial of cancer drugs, surgeries, kidney dialysis, and other treatments. This was the model for the IPAB (Independent Payment Advisory Board), which is now the law of the land under Obamacare. Genocide can be profitable. http://larouchepac.com/node/28409
( 39 Democrats Break with Obama to vote for Upton Bill in House http://larouchepac.com/node/28885 )
THE BIGGEST SHAREHOLDER OF UNITEDHEALTH GROUP IS FIDELITY. http://finance.yahoo.com/q/mh?s=UNH
FIDELITY IS CONNECTED WITH BOOZ ALLEN & HAMILTON.
” Abigail Pierrepont (Abby) Johnson[4] (born December 19, 1961) is an American businesswoman. Johnson is President of Fidelity Investments Personal and Workplace Investing. Fidelity was founded by her grandfather Edward C. Johnson II and her father Edward C. (Ned) Johnson III is its current CEO. As of March 2013 The Johnson family owns a 49% stake in the company.[3]
She had a brief stint as a consultant at Booz Allen & Hamilton from 1985–86, completed an MBA at Harvard, and joined Fidelity Investments ”
https://en.wikipedia.org/wiki/Abigail_Johnson
Arthur Johnson, an Independent Trustee of Fidelity, is also a director of Booz Allen & Hamilton.
http://www.boozallen.com/media-center/press-releases/48399320/49502902
BOOZ ALLEN & HAMILTON IS LINKED WITH CARLYLE, BLACKSTONE, THE BUSH FAMILY, AL QAEDA, DEUTSCHE BANK, ETC..
http://deanhenderson.wordpress.com/2013/09/27/bin-laden-the-911-illusion-part-ii-deutsche-bank-blackstone/
“In 2008 Carlyle Group bought a majority stake in Booz Allen for $2.54 billion.”
” Carlyle is the 11th largest defense contractor in the US. It is 20%-owned by Mellon Bank (http://www.dkosopedia.com/wiki/Mellon_family) and is controlled by the powerful Blackstone Group (seeOverthrow of the American Republic), which dined cheaply on the carcasses of looted S&L’s at auctions held by Bush Sr.’s Resolution Trust Corporation. ” http://www.almartinraw.com/uri1.html http://deanhenderson.wordpress.com/2013/09/27/bin-laden-the-911-illusion-part-ii-deutsche-bank-blackstone/
” Henry Kissinger’s good friend Lord JACOB ROTHSCHILD sat on Bioport owner Blackstone’s International Advisory Board. (See Corexit Linked to the Blackstone Group and Lord Jacob Rothschild) ” http://transmissionsmedia.com/the-911-illusion-part-ii-deutsche-bank-blackstone/
http://beforeitsnews.com/gulf-oil-spill/2010/06/corexit-linked-to-the-blackstone-group-and-lord-jacob-rothschild-76363.html
” Blackstone was founded in 1985 as a mergers and acquisitions boutique by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers, Kuhn, Loeb Inc. ”
https://en.wikipedia.org/wiki/Blackstone_Group
Peter G. Peterson ” is founding Chairman of the Peterson Institute for International Economics ” https://en.wikipedia.org/wiki/Peter_George_Peterson http://larouchepac.com/node/28610
Lynn Forester de Rothschild, the wife of EVELYN DE ROTHSCHILD, is a director of the Peterson Institute for International Economics. http://www.petersoninstitute.org/institute/board.cfm
Blackstone is also related with the LCF EDMOND DE ROTHSCHILD, for example, through the person of Daniel Costa Lindo that is a M&A Analyst at Blackstone and was Private Equity Analyst at LCF Edmond de Rothschild. http://www.linkedin.com/pub/daniel-costa-lindo/32/255/543 https://en.wikipedia.org/wiki/Benjamin_de_Rothschild https://en.wikipedia.org/wiki/Ariane_de_Rothschild
FIDELITY (FMR, LLC) IS ALSO A SHAREHOLDER OF THE HEALTH INSURANCE COMPANIES CIGNA AND WELLPOINT THAT HAVE PROFITS FROM THE HEALTH CARE “REFORM” OF obama.
http://finance.yahoo.com/q/mh?s=CI http://finance.yahoo.com/q/mh?s=WLP
VANGUARD GROUP IS THE BIGGEST SHAREHOLDER OF THE INSURANCE COMPANY CIGNA, BUT IS ALSO A BIG SHAREHOLDER OF WELLPOINT AND UNITEDHEALTH GROUP.
VANGUARD GROUP IS LINKED WITH DICK CHENEY.
” US Vice President Dick Cheney was indicted today for a prison profiteering scheme and charged with abuse of prisoners. Cheney invested millions in the Vanguard Group, an investment management company with interests in the prison companies in charge of detention centers. Former Attorney General Alberto Gonzales was also indicted in the prison profiteering scheme, resulting in ongoing prisoner assaults and at least one murder………….. ” http://november.org/stayinfo/breaking08/Cheney_Gonzales_Indicted.html
DICK CHENEY IS LINKED WITH THE BRITISH ROYAL FAMILY AND WITH THE BUSH FAMILY/CARLYLE BOTH FRONT OF THE ROTHSCHILDS. https://en.wikipedia.org/wiki/Dick_Cheney
” Queen Elizabeth II strolled Friday through a replica of the fortress British adventurers built 400 years ago in Jamestown, America’s first permanent English settlement.
Under gray skies and flanked by Vice President Dick Cheney and Gov. Timothy M. Kaine, the monarch walked along a tourist village of primitive, thatch-roofed buildings.”
” The queen, Cheney and Kaine will attend a lunch in Williamsburg, then visit the College of William and Mary before the royal couple departs for Louisville, Ky., and Saturday’s Kentucky Derby. Next week she visits President Bush in Washington. ” http://www.cbsnews.com/2100-207_162-2757017.html
” Lord JACOB ROTHSCHILD, the behind-the-scenes controller of the Inter-Alpha Group, was a partner at Rothschild at the time he set up the Inter-Alpha Group in 1971, using its resources and then leaving in 1980 to continue his special mission, which includes advising the genocidal British Crown and managing the funds of Prince Charles’ Duchy of Cornwall, to finance his kooky, “green” schemes.”
http://unitednationsoffilm.com/?p=1728
” Prince Charles already played polo with EVELYN DE ROTHSCHILD in his student years and later set up the Interfaith consultations with him. ”
http://www.gnosticliberationfront.com/people_with_the_endless_bios.htm
EVELYN DE ROTHSCHILD ” In 1989, he was knighted by Queen Elizabeth II,[2] for whom he serves as a financial adviser. ” https://en.wikipedia.org/wiki/Evelyn_Robert_de_Rothschild
THE BRITISH ROYAL FAMILY HAS THE CONTROL OF THE ROYAL BANK OF SCOTLAND.
http://www.mirror.co.uk/news/uk-news/prince-charles-dumps-rbs-boss-372885
BUT THE ROYAL BANK OF SCOTLAND IS RELATED ALSO WITH THE EDMOND DE ROTHSCHILD OWNED BY BENJAMIN DE ROTHSCHILD
( https://en.wikipedia.org/wiki/Benjamin_de_Rothschild ) AND BY HIS WIFE ARIANE DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Ariane_de_Rothschild ).FOR EXAMPLE THROUGH THE PERSONS OF LAURA SCOLAN AND MARK PHILLIPS,ETC..
http://www.linkedin.com/pub/laura-scolan/a/ba1/7b7 http://www.linkedin.com/pub/mark-phillips/4/5b9/772 http://www.lejdd.fr/Economie/Images/Les-plus-grosses-fortunes-de-France/Benjamin-de-Rothschild-206941
THE SAME DICK CHENEY IS CONNECTED WITH JACOB ROTHSCHILD.
” Israel has granted a U.S. company the first license to explore for oil and gas in the occupied Golan Heights, John Reed of the Financial Times reports.
A local subsidiary of the New York-listed company Genie Energy — which is advised by former vice president Dick Cheney and whose shareholders include Jacob Rothschild and Rupert Murdoch — will now have exclusive rights to a 153-square mile radius in the southern part of the Golan Heights.” http://www.globalresearch.ca/srael-grants-first-golan-heights-oil-drilling-license-to-dick-cheney-linked-company/5347779
ALSO obama IS A PUPPET OF THE QUEEN AND OF THE ROTHSCHILDS. http://m.bbc.co.uk/news/uk-13489879
( Health Insurers Scream, ‘Too late, we’ll have to raise rates,’ as Obama Again Hosts Them at White House http://larouchepac.com/node/28901)
2) THE GENOCIDAL POLICY OF obama IS THE RESULT OF THE BAILOUTS OF THE BANKS DETERMINED BY THE ABOLITION OF THE GLASS-STEAGALL ACT.
” 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% 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. http://countryeconomy.com/unemployment/spain
http://www.gregpalast.com//vulturespicnic/pages/filecabinet/chapter12/Geithner_Summers%20Memo.pdf
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…………………………………………………………………………
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.” http://www.gregpalast.com/wp-content/uploads/10-K-report-2008-JP-Morgan-88Trillion.pdf
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, an abstruse and benign addendum to the international trade agreements policed by the World Trade Organization.
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 ginned-up 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 Organization.
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. http://www.gregpalast.com//vulturespicnic/pages/filecabinet/chapter12/5_protocol.pdf
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 legalized: 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 checkmate.
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.
http://www.nytimes.com/2009/01/10/business/10rubin.html
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.
http://www.nytimes.com/2013/08/11/business/economy/the-fed-lawrence-summers-and-money.html
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. ……………… http://www.gregpalast.com/larry-summers-and-the-secret-end-game-memo/
( Latest on Glass-Steagall: “Get the Bloodsuckers Off Your Back, It’ll Give You More Strength” http://larouchepac.com/node/28878 )
WHO CONTROLS GOLDMAN SACHS, JP MORGAN AND CITIGROUP THAT ARE INVOLVED IN THE ABOLITION OF THE GLASS-STEAGALL ACT ?
A) GOLDMAN SACHS IS CONNECTED ALSO WITH WARREN BUFFET A FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD.
Lord JACOB ROTHSCHILD “Hosted the European Economic Round Table conference in 2002 at Waddesdon Manor, attended by such figures as James Wolfensohn, Nicky Oppenheimer, Warren Buffet, and Arnold Schwarzenegger ” https://wikispooks.com/ISGP/organisations/introduction/PEHI_Jacob_de_Rothschild_bio.htm https://wikispooks.com/ISGP/organisations/introduction/PEHI_Evelyn_de_Rothschild_bio.htm
The same Warren Buffet, that is chairman of Berkshire Hathaway, ” agreed to purchase $5 billion in Goldman’s preferred stock “.
https://en.wikipedia.org/wiki/Goldman_Sachs https://en.wikipedia.org/wiki/Berkshire_Hathaway
GOLDMAN SACHS IS CONNECTED ALSO WITH THE EDMOND DE ROTHSCHILD. http://uk.linkedin.com/in/ruperttipler
http://www.zoominfo.com/p/Christoph-Ladanyi/23971288
THE EDMOND DE ROTHSCHILD IS OWNED BY BENJAMIN DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Benjamin_de_Rothschild ) AND BY HIS WIFE ARIANE DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Ariane_de_Rothschild )
http://www.lejdd.fr/Economie/Images/Les-plus-grosses-fortunes-de-France/Benjamin-de-Rothschild-206941
http://andrewgavinmarshall.com/2013/07/10/global-power-project-part-5-banking-on-influence-with-goldman-sachs/
http://prof77.wordpress.com/politics/an-updated-list-of-goldman-sachs-ties-to-the-obama-government-including-elena-kagan/
http://yourdaddy.net/2010/04/29/scandal-obama-gore-goldman-joyce-foundation-ccx-partners-to-fleece-usa/
B) JP MORGAN IS LINKED WITH TONY BLAIR THE FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD.
http://www.telegraph.co.uk/news/celebritynews/6672904/Roman-Polanski-will-be-too-late-to-complete-his-film.html
“Tony Blair. Illegitimate Son Of Jacob Rothschild….Evidence” http://the-tap.blogspot.com/2012/06/can-you-spot-it.html https://en.wikipedia.org/wiki/Jacob_Rothschild,_4th_Baron_Rothschild
http://www.dailymail.co.uk/news/article-1138789/Now-Tony-Blairs-finally-got-private-jet-hes-wanted-rented.html https://en.wikipedia.org/wiki/Evelyn_Robert_de_Rothschild
NOW WE MUST NOTICE A STRANGE COINCIDENCE:” TONY BLAIR A GREAT FRIEND OF JACOB ROTHSCHILD AND ALSO GREAT FRIEND OF EVELYN DE ROTHSCHILD AND “CASUALLY” HE FOUND A GOOD PLACE IN THE BANK JP MORGAN”.
http://www.rawstory.com/rs/2012/05/28/heckler-brands-tony-blair-a-war-criminal-over-jpmorgan-payments/
http://landdestroyer.blogspot.de/2012/05/protester-calls-tony-blair-war-criminal.html
http://www.thisismoney.co.uk/money/celebritymoney/article-2167655/Former-PM-Tony-Blair-alleged-earned-80million-2007.html
http://www.thisismoney.co.uk/news/article-2167038/Tony-Blair-earned-20m-just-year-advising-business-bosses-foreign-governments.html
TONY BLAIR IS ALREADY ABOVE MENTIONED AS A PROMOTER OF THE GENOCIDAL “REFORMS” OF THE HEALTH CARE SYSTEM IN BRITAIN. http://larouchepac.com/node/28620
http://www.dailymail.co.uk/news/article-2238916/Ministers-order-inquiry-care-pathway-payments-saw-hospitals-receive-millions-implement-controversial-system.html
http://www.dailymail.co.uk/news/article-2240075/Now-sick-babies-death-pathway-Doctors-haunting-testimony-reveals-children-end-life-plan.html
http://www.telegraph.co.uk/health/healthnews/9716418/Half-of-those-on-Liverpool-Care-Pathway-never-told.html
JP MORGAN IS ALSO CONNECTED WITH THE EDMOND DE ROTHSCHILD CONTROLLED BY BENJAMIN DE ROTHSCHILD
( https://en.wikipedia.org/wiki/Benjamin_de_Rothschild) AND BY HIS WIFE ARIANE DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Ariane_de_Rothschild ). http://uk.linkedin.com/pub/juan-bergas-sastre/22/39/898/en http://www.zoominfo.com/p/Richard-Madeley/89504503
( NAZI ” j.p. morgan SAYS POST-WWII ANTI-FASCIST CONSTITUTIONS ARE OBSTACLE TO REIMPOSING FASCISM ” http://larouchepac.com/node/26996 )
http://waronyou.com/forums/index.php?topic=25529.0 http://larouchepac.com/node/28338 http://larouchepac.com/node/27485
http://www.occupy.com/article/global-power-project-part-4-banking-influence-jpmorgan-chase http://larouchepac.com/node/28700
” …….In anticipation of a deal with the Justice Department over JPMorgan’s fraudulent mortgage securities operations, the Washington Post business section today ran an exhaustive profile of CEO Jamie Dimon, noting that he has visited the White House 22 times since Obama entered the presidency. Dimon and Obama go way back to Chicago, when Dimon was CEO of Bank One before it was gobbled up by JPMorgan Chase, and Obama was a state senator. Dimon was a big early backer of Obama’s U.S. Senate campaign. According to Ted Kaufman, former Democratic Senator from Delaware, Dimon was able to shape the writing of Dodd-Frank, to ensure that all critical issues were left vague for regulators to detail, knowing that the bank’s $8-million-a-year lobbying operation would prevail in the writing of the complex regulations. “Coming out of the financial crisis and especially during the writing of Dodd-Frank, he pretty much got most of whatever he wanted on the important issues. Time and again, he was able to get Dodd-Frank written so there were not bright-line laws, but that [rules would be] sent to the regulatory agencies [for interpretation]. He was confident, based on his past experiences, that he could slow down or stop any of the big things from getting done at the agencies.”
As we well know, Dimon has been the point-man in the Wall Street blitz to stop Glass-Steagall, including the recent face- to-face meeting with Obama last month, where Dimon and other Wall Street and European big-bank CEOs laid down the law against Glass-Steagall. The Post noted that last March, the Senate Permanent Subcommittee on Investigations published a 300-page report accusing Dimon and other top JPMorgan Chase executives of concealing information from regulators about the bank’s botched trades, including the London Whale fiasco. ” http://larouchepac.com/node/28762
C) CITIGROUP IS ALSO LINKED WITH WARREN BUFFET, THE FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD.
https://wikispooks.com/ISGP/organisations/introduction/PEHI_Jacob_de_Rothschild_bio.htm https://wikispooks.com/ISGP/organisations/introduction/PEHI_Evelyn_de_Rothschild_bio.htm
Warren Buffet ” has been a Director of Citigroup Global Markets Holdings Inc., (formerly, Salomon Inc.) since 1987. ” http://www.sourcewatch.org/index.php/Warren_Buffett
CITIGROUP HAS ALSO LINKS WITH THE EDMOND DE ROTHSCHILD CONTROLLED BY BENJAMIN DE ROTHSCHILD AND HIS WIFE ARIANE DE ROTHSCHILD.
” Stefano Rossi that in a famous interview speaks of virtuous countries and of the impending crisis of Greece and of Spain, is CEO of Edmond De Rothschild and began his career in London in 1988. In 1989 he returned to Italy to join Citibank.”
http://theyellowbrickroadfreeblog.wordpress.com/2012/05/11/the-rothschild-clan-in-italy-sleuth-bankers/
http://andrewgavinmarshall.com/2013/07/24/global-power-project-part-7-banking-on-influence-with-citigroup/
THE WORLD TRADE ORGANIZATION IS CONTROLLED BY GOLDMAN SACHS.
” Peter Sutherland is chairman of Goldman Sachs International in London, a position he assumed in 1995. Prior to joining the World Trade Organization (GATT) in 1993, he was with the firm for three years as an international advisor.” http://berggruen.org/people/peter-sutherland
PETER MANDELSON THAT THREATENED WITH AN EMBARGO THE PRODUCTS OF BRAZIL IS CLOSELY RELATED WITH THE FAMILY OF JACOB ROTHSCHILD,
BUT HAS ALSO LINKS WITH EVELYN DE ROTHSCHILD.
Peter Mandelson is a great friend of Nat Rothschild, the son of Lord Jacob Rothschild.
http://www.dailymail.co.uk/news/article-1080660/Use-Ferrari-Mandy-told-Rothschild-Klosters-holiday.html
http://www.telegraph.co.uk/news/newstopics/mandrake/3918609/Lord-Mandelson-slopes-off-with-Nat-Rothschild.html
” Lord Mandelson is a guest of financier Nat Rothschild at his 30-acre estate on the north-east tip of Corfu. It is a repeat of his notorious visit 12 months ago, before his controversial return to the Cabinet. ” http://www.smeggys.co.uk/viewtopic.php?f=2&t=13062
Mandelson ia also in good relations with Hannah Rothschild, the daughter of Lord Jacob Rothschild.
http://www.dailymail.co.uk/news/article-1321095/Mandy-The-Movie-Prince-Darknesss-ultimate-vanity-project-shot-just-Labour-lost-election.html
And also with the same Lord Jacob Rothschild.
” Lord Mandelson with his host Jacob Rothschild in Corfu. The Business Secretary talked briefly about the Lockerbie bomber to the son of Libyan leader Colonel Gaddafi, who was also staying at the Rothschilds’ villa.” http://www.conspiracyarchive.com/Blog/?p=2787
http://www.dailymail.co.uk/debate/article-1205448/The-rich-love-power-He-adores-wealth.html
” In 2000, Sir Evelyn clandestinely provided the newly established British “super think tank,” Policy Network, with 250,000 pounds sterling to get it started. Policy Network is the coordinating organization between the DLC and Labour’s inner circle. Peter Mandelson, Privy Councilor since 1998 and a Ditchley governor, was the initial chairman of the Policy Network. ” https://wikispooks.com/ISGP/organisations/introduction/PEHI_Evelyn_de_Rothschild_bio.htm
3) Moody’s and S&P Have Downgraded the Big Banks over the Bail-in
November 16, 2013 • 8:01AM
Moody’s announced a downgrade of all the major banks in the U.S., because Dodd-Frank calls for bail-in rather than bail-out! Morgan Stanley, Goldman Sachs, JPMorgan, and Bank of New York Mellon, among others, have been affected, said Moody’s in a statement, explaining that the “rating actions reflect strengthened US bank resolution tools, prompted by the Dodd-Frank Act, which affect Moody’s assumptions about US government support.”
Robert Young, Moody’s Managing Director, said that “Rather than relying on public funds to bail-out one of these institutions, we expect that a bank holding company’s creditors will be bailed-in and thereby shoulder much of the burden to help recapitalize a failing bank.”
Moody’s move adds to the panic sweeping through the entire financial system, that bail-outs won’t work, but bail-ins won’t work either — and might spook the system (as the ECB’s Draghi and the Fed’s Dudley have already warned).
Read: “Dodd-Franks Kills: How the U.S. Joined the International Bail-In Regime.” http://larouchepac.com/dodd-frank
At the same time, S&P warned that the Australian big four banks, plus Macquarie Bank, as reported in The Australian on Nov. 14, could come under pressure if creditors were at risk of taking losses after being “bailed in” following banking collapses. “The global ratings agency yesterday said giving the Australian Prudential Regulation Authority greater resolution powers could moderate the government support factored into the big four’s AA- ratings,” wrote the Australian.
This comes despite repeated denials by the Treasurer of Australia, Joe Hockey, that the bail-in was in the process of being implemented in Australia, as charged by the CEC, LaRouche co-thinkers in Australia. CEC chairman Craig Isherwood issued a press release saying that “Joe Hockey has for months issued repeated denials to his fellow Coalition MPs that bail-in is planned for Australia. Those MPs have passed on those denials to their concerned constituents. Those denials are lies.” Isherwood called on the population to join the CEC in stopping this process, “otherwise the deposits of every Australian will be earmarked for confiscation to prop up the banks when their reckless derivatives gambling and property speculation sends them bankrupt.” http://larouchepac.com/node/28898
WHO ARE THE THIEVES THAT ARE ASKING THIS ROBBERY ?
WHO CONTROLS THE RATING AGENCIES ?
“As for the rating agencies, how reliable are they?
They have a pretty questionable credibility, as they were the ones who gave a triple-A rating to the subprime securities issued by Lehman Brothers, just 3 days before its bankruptcy.
These same “clairvoyant” agencies are extremely powerful and do as they please on financial markets, including on those unregulated known as OTC (Over The Counter Derivatives) or the toxic markets in which agents buy insurance against the risk of default, CDS (Credit Default Swaps). They are closely related to Anglo-Saxon banks (including Goldman Sachs and Citibank). ” http://greekleftreview.wordpress.com/2010/07/12/the-meaning-of-the-greek-crisis/
THE QUESTION OF THE BAIL-IN IS ALSO RELATED WITH DEUTSCHE BANK .
” At an event of the Konrad Adenauer Foundation in Wiesbaden on Wednesday night, the theme of which could be described as “Ask what you can do for your bank,” the two speakers, Hesse State Finance Minister Thomas Schäfer (CDU) and Deutsche Bank chief economist Thomas Mayer, made heavy propaganda pitches for the bail-in approach, presenting it along with the euro as ostensibly lacking any alternative. Mayer even went so far as to speak of the “unenlightened welfare state citizen” who always wants the state to give and never gives himself, as opposed to the “enlightened welfare state citizen” who voluntarily pays more taxes.”
http://larouchepac.com/node/27223 http://larouchepac.com/node/28525
WE HAVE ALREADY NOTED THAT DEUTSCHE BANK IS RELATED WITH BLACKSTONE.
http://transmissionsmedia.com/the-911-illusion-part-ii-deutsche-bank-blackstone/
http://www.zerohedge.com/news/2013-04-29/728-trillion-presenting-bank-biggest-derivative-exposure-world-hint-not-jpmorgan
PERHAPS ARE JACOB ROTHSCHILD, BENJAMIN DE ROTHSCHILD, ARIANE DE ROTHSCHILD AND EVELYN DE ROTHSCHILD THAT WANT TO STEAL THE DEPOSITS OF THE SAVERS ?
If you’re self-employed or aren’t covered through your employer, it’s not that big of a deal for you individually if you read the law and get out of the mandate. Obamacare fines you if you don’t have ‘minimal coverage’, or basically a high-cost health care insurance plan. But you can easily weasel out of this fine and purchase whatever low-cost plan you want. The IRS is only enforcing the fine by withholding tax refunds. Adjust your tax withholding properly, and the IRS won’t be able to enforce the mandate on you individually. Without the presence of the mandate, you’re free to purchase whatever plan you want. Insurance companies will still offer high-deductible catastrophic ‘grandfathered’ plans which adjust unreasonable hospital costs to something reasonable, whether these costs are covered under the plan or not. These catastrophic plans will supposedly only be available to those under 30 or those suffering from financial hardship. However, even if you’re well to do, you can still buy these cheaper plans “off the exchange” if you’ve properly weasled out of Obamacare’s fine.
I don’t doubt that this is a massive transfer of wealth from the middle class to the rich, and is designed to make the middle class feel dependent on government. IN fact, it’s probably disguised depopulation that forces people to purchase birth control and toxic prescription drugs through their insurance plans. But just because a lot of people around you become victims of the government / corporations doesn’t mean you necessarily have to.