Subscriptions, Current Issue & Back Issues

Shop Website | Annual Subscriptions | Back Issues |

Tag: America

Confessions of an Illuminati House Wife – Part 1 to 4 Unlimited funding, under the guise of security, corrupts BIG time!

Mrs. Katherine Griggs, wife of Colonel George Griggs (Special Operations) gives an insight of the twisted evil of the American Intelligence community and the methods they use to recruit and control operatives.

 

MUST READ…to the end!! The BIGGER picture creates a better understanding of WHY…clearing the way for PEACE!

From Sweet Liberty:

AMAZING history not widely known! Keep in mind this is being told by a Jewish defector in 1961, in DC
A Jewish Defector Warns America:
Benjamin Freedman Speaks on Zionism
This should do it! For the second and last time we are updating the transcript of Ben Freedman’s 1961 speech at the Willard Hotel.
The piece has been posted for over a year now. A few months ago, a person challenged the authenticity of the transcript, because his version stated that Samuel Untermeyer had used the Columbia Broadcasting studios when he declared a worldwide boycott against Germany — in his words: ‘A Holy War’. We could not debate the issue, having never heard the actual recording of Mr. Freedman’s speech. Today, I discovered that we have a cassette tape of the speech, so I listened to the entire tape while reading the posted transcript. According to Mr. Freedman the radio station used by Untermeyer was, in fact, ABC.
There had also been some simple rearrangements of sentence structure in that transcript, and a line or two omitted in places. For the sake of authenticity, the corrections have been made. The transcript is now word for word from Mr. Freedman’s speech.
The original transcriber had ‘tidied up’ Mr. Freedman’s responses during the Q&A period, omitting superfluous and repetitious words. For the most part, we’ve left the tidied up version as it was, since it didn’t change the response, and actually helped to clarify Mr. Freedman’s answers. If the names were changed, he could have been making that speech yesterday. — Jackie — April 8, 2003
Here is our first update notice, about a year ago:
The original posting of this speech was taken from an existing web site. In going through our files we recently discovered a full transcript of the speech and realized the original posting was not complete. Here is the transcript from our files, with additional text at the beginning – some within the body of the speech – and a question and answer section at the end that had not been included in the original posting. There will be further postings from other writers and quotes that will confirm much of what Mr. Freedman said here. Many of you will see the truth of it, as it stands. — Jackie —
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Truth will stand on its own merit

A Jewish Defector Warns America:

Benjamin Freedman Speaks
by Benjamin H. Freedman
Introductory Note — Benjamin H. Freedman was one of the most intriguing and amazing individuals of the 20th century.
Mr. Freedman, born in 1890, was a successful Jewish businessman of New York City who was at one time the principal owner of the Woodbury Soap Company. He broke with organized Jewry after the Judeo-Communist victory of 1945, and spent the remainder of his life and the great preponderance of his considerable fortune, at least 2.5 million dollars, exposing the Jewish tyranny which has enveloped the United States.
Mr. Freedman knew what he was talking about because he had been an insider at the highest levels of Jewish organizations and Jewish machinations to gain power over our nation. Mr. Freedman was personally acquainted with Bernard Baruch, Samuel Untermyer, Woodrow Wilson, Franklin Roosevelt, Joseph Kennedy, and John F. Kennedy, and many more movers and shakers of our times.

https://www.sweetliberty.org/issues/israel/untermeyer.htm
This speech was given before a patriotic audience in 1961 at the Willard Hotel in Washington, D.C., on behalf of Conde McGinley’s patriotic newspaper of that time, Common Sense. Though in some minor ways this wide-ranging and extemporaneous speech has become dated, Mr. Freedman’s essential message to us — his warning to the West — is more urgent than ever before. — K.A.S. —
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
A CHRISTIAN VIEW OF THE HOLOCAUST
Ladies and gentlemen, you are about to hear a very frightening speech. This speech is an explanation of the plans now being laid to throw the United States into a third world war. It was made a short time ago before a large group in the Congressional `Room of the Willard Hotel in Washington, D.C. Both the speech and the question and answer period later so electrified the audience that a group of patriots has transferred it to two long-playing records which you may buy to play for friends, clubs, and your church group in your community. The speaker is Mr. Benjamin Freedman, noted authority on Zionism and all of its schemes. Mr. Freedman is a former Jew, and I mean a FORMER Jew. He has fought the Communist world conspiracy tooth and nail, and stands today as a leading American patriot. We now take you to the speaker’s platform to present Benjamin Freedman.
(applause)
[Freedman’s speech]
What I intend to tell you tonight is something that you have never been able to learn from any other source, and what I tell you now concerns not only you, but your children and the survival of this country and Christianity. I’m not here just to dish up a few facts to send up your blood pressure, but I’m here to tell you things that will help you preserve what you consider the most sacred things in the world: the liberty, and the freedom, and the right to live as Christians, where you have a little dignity, and a little right to pursue the things that your conscience tells you are the right things, as Christians.
Now, first of all, I’d like to tell you that on August 25th 1960 — that was shortly before elections — Senator Kennedy, who is now the President of the United States, went to New York, and delivered an address to the Zionist Organization of America. In that address, to reduce it to its briefest form, he stated that he would use the armed forces of the United States to preserve the existence of the regime set up in Palestine by the Zionists who are now in occupation of that area.
In other words, Christian boys are going to be yanked out of their homes, away from their families, and sent abroad to fight in Palestine against the Christian and Moslem Arabs who merely want to return to their homes. And these Christian boys are going to be asked to shoot to kill these innocent [Arab Palestinians] people who only want to follow out fifteen resolutions passed by the United Nations in the last twelve years calling upon the Zionists to allow these people to return to their homes.
Now, when United States troops appear in the Middle East to fight with the Zionists as their allies to prevent the return of these people who were evicted from their homes in the 1948 armed insurrection by the Zionists who were transplanted there from Eastern Europe… when that happens, the United States will trigger World War III.
You say, when will that take place? The answer is, as soon as the difficulty between France and Algeria has been settled, that will take place. As soon as France and Algeria have been settled, that will take place. As soon as France and Algeria have settled their difficulty, and the Arab world, or the Moslem world, has no more war on their hands with France, they are going to move these people back into their homes, and when they do that and President kennedy sends your sons to fight over there to help the crooks hold on to what they stole from innocent men, women and children, we will trigger World War III; and when that starts you can be sure we cannot emerge from that war a victor. We are going to lose that war because there is not one nation in the world that will let one of their sons fight with us for such a cause.
I know and speak to these ambassadors in Washington and the United Nations — and of the ninety-nine nations there, I’ve consulted with maybe seventy of them — and when we go to war in Palestine to help the thieves retain possession of what they have stolen from these innocent people we’re not going to have a man there to fight with us as our ally.
And who will these people have supporting them, you ask. Well, four days after President Kennedy — or he was then Senator Kennedy — made that statement on August 28, 1960, the Arab nations called a meeting in Lebanon and there they decided to resurrect, or reactivate, the government of Palestine, which has been dormant more or less, since the 1948 armed insurrection by the Zionists.
Not only that… they ordered the creation of the Palestine Army, and they are now drilling maybe a half a million soldiers in that area of the world to lead these people back to their homeland. With them, they have as their allies all the nations of what is termed the Bandung Conference Group. That includes the Soviet Union and every Soviet Union satellite. It includes Red China; it includes every independent country in Asia and Africa; or eighty percent of the world’s total population. Eighty percent of the world’s population. Four out of five human beings on the face of the earth will be our enemies at war with us. And not alone are they four out of five human beings now on the face of this earth, but they are the non-Christian population of the world and they are the non-Caucasians… the non-white nations of the world, and that’s what we face.
And what is the reason? The reason is that here in the United States, the Zionists and their co-religionists have complete control of our government. For many reasons too many and too complex to go into here at this — time I’ll be glad to answer questions, however, to support that statement — the Zionists and their co-religionists rule this United States as though they were the absolute monarchs of this country.
Now, you say, ‘well, that’s a very broad statement to make’, but let me show what happened while you were — I don’t want to wear that out — let me show what happened while WE were all asleep. I’m including myself with you. We were all asleep. What happened?
World War I broke out in the summer of 1914. Nineteen-hundred and fourteen was the year in which World War One broke out. There are few people here my age who remember that. Now that war was waged on one side by Great Britain, France, and Russia; and on the other side by Germany, Austria-Hungary, and Turkey. What happened?
Within two years Germany had won that war: not alone won it nominally, but won it actually. The German submarines, which were a surprise to the world, had swept all the convoys from the Atlantic Ocean, and Great Britain stood there without ammunition for her soldiers, stood there with one week’s food supply facing her — and after that, starvation.
At that time, the French army had mutinied. They lost 600,000 of the flower of French youth in the defense of Verdun on the Somme. The Russian army was defecting. They were picking up their toys and going home, they didn’t want to play war anymore, they didn’t like the Czar. And the Italian army had collapsed.
Now Germany — not a shot had been fired on the German soil. Not an enemy soldier had crossed the border into Germany. And yet, here was Germany offering England peace terms. They offered England a negotiated peace on what the lawyers call a status quo ante basis. That means: “Let’s call the war off, and let everything be as it was before the war started.”
Well, England, in the summer of 1916 was considering that. Seriously! They had no choice. It was either accepting this negotiated peace that Germany was magnanimously offering them, or going on with the war and being totally defeated.
While that was going on, the Zionists in Germany, who represented the Zionists from Eastern Europe, went to the British War Cabinet and — I am going to be brief because this is a long story, but I have all the documents to prove any statement that I make if anyone here is curious, or doesn’t believe what I’m saying is at all possible — the Zionists in London went to the British war cabinet and they said: “Look here. You can yet win this war. You don’t have to give up. You don’t have to accept the negotiated peace offered to you now by Germany. You can win this war if the United States will come in as your ally.”
The United States was not in the war at that time. We were fresh; we were young; we were rich; we were powerful. They [Zionists] told England: “We will guarantee to bring the United States into the war as your ally, to fight with you on your side, if you will promise us Palestine after you win the war.”
In other words, they made this deal: “We will get the United States into this war as your ally. The price you must pay us is Palestine after you have won the war and defeated Germany, Austria-Hungary, and Turkey.”
Now England had as much right to promise Palestine to anybody, as the United States would have to promise Japan to Ireland for any reason whatsoever. It’s absolutely absurd that Great Britain — that never had any connection or any interest or any right in what is known as Palestine — should offer it as coin of the realm to pay the Zionists for bringing the United States into the war.
However, they made that promise, in October of 1916. October, nineteen hundred and sixteen. And shortly after that — I don’t know how many here remember it — the United States, which was almost totally pro-German — totally pro-German — because the newspapers here were controlled by Jews, the bankers were Jews, all the media of mass communications in this country were controlled by Jews, and they were pro-German because their people, in the majority of cases came from Germany, and they wanted to see Germany lick the Czar.
The Jews didn’t like the Czar, and they didn’t want Russia to win this war. So the German bankers — the German-Jews — Kuhn Loeb and the other big banking firms in the United States refused to finance France or England to the extent of one dollar. They stood aside and they said: “As long as France and England are tied up with Russia, not one cent!” But they poured money into Germany, they fought with Germany against Russia, trying to lick the Czarist regime.
Now those same Jews, when they saw the possibility of getting Palestine, they went to England and they made this deal. At that time, everything changed, like the traffic light that changes from red to green. Where the newspapers had been all pro-German, where they’d been telling the people of the difficulties that Germany was having fighting Great Britain commercially and in other respects, all of a sudden the Germans were no good. They were villains. They were Huns. They were shooting Red Cross nurses. They were cutting off babies’ hands. And they were no good.
Well, shortly after that, Mr. Wilson declared war on Germany.
The Zionists in London sent these cables to the United States, to Justice Brandeis: “Go to work on President Wilson. We’re getting from England what we want. Now you go to work, and you go to work on President Wilson and get the United States into the war.” And that did happen. That’s how the United States got into the war. We had no more interest in it; we had no more right to be in it than we have to be on the moon tonight instead of in this room.
Now the war — World War One — in which the United States participated had absolutely no reason to be our war. We went in there — we were railroaded into it — if I can be vulgar, we were suckered into — that war merely so that the Zionists of the world could obtain Palestine. Now, that is something that the people in the United States have never been told. They never knew why we went into World War One. Now, what happened?
After we got into the war, the Zionists went to Great Britain and they said: “Well, we performed our part of the agreement. Let’s have something in writing that shows that you are going to keep your bargain and give us Palestine after you win the war.” Because they didn’t know whether the war would last another year or another ten years. So they started to work out a receipt. The receipt took the form of a letter, and it was worded in very cryptic language so that the world at large wouldn’t know what it was all about. And that was called the Balfour Declaration.

https://www.sweetliberty.org/issues/wars/balfour.htm
The Balfour Declaration was merely Great Britain’s promise to pay the Zionists what they had agreed upon as a consideration for getting the United States into the war. So this great Balfour Declaration, that you hear so much about, is just as phony as a three dollar bill. And I don’t think I could make it more emphatic than that.
Now, that is where all the trouble started. The United States went in the war. The United States crushed Germany. We went in there, and it’s history. You know what happened. Now, when the war was ended, and the Germans went to Paris, to the Paris Peace Conference in 1919, there were 117 Jews there, as a delegation representing the Jews, headed by Bernard Baruch. I was there: I ought to know. Now what happened?
The Jews at that peace conference, when they were cutting up Germany and parceling out Europe to all these nations that claimed a right to a certain part of European territory, the Jews said, “How about Palestine for us?” And they produced, for the first time to the knowledge of the Germans, this Balfour Declaration. So the Germans, for the first time realized, “Oh, that was the game! That’s why the United States came into the war.” And the Germans for the first time realized that they were defeated, they suffered this terrific reparation that was slapped onto them, because the Zionists wanted Palestine and they were determined to get it at any cost.
Now, that brings us to another very interesting point. When the Germans realized this, they naturally resented it. Up to that time, the Jews had never been better off in any country in the world than they had been in Germany.
You had Mr. Rathenau there, who was maybe 100 times as important in industry and finance as is Bernard Baruch in this country. You had Mr. Balin, who owned the two big steamship lines, the North German Lloyd’s and the Hamburg-American Lines. You had Mr. Bleichroder, who was the banker for the Hohenzollern family. You had the Warburgs in Hamburg, who were the big merchant bankers — the biggest in the world. The Jews were doing very well in Germany. No question about that. Now, the Germans felt: “Well, that was quite a sellout.”
It was a sellout that I can best compare — suppose the United States was at war today with the Soviet Union. And we were winning. And we told the Soviet Union: “Well, let’s quit. We offer you peace terms. Let’s forget the whole thing.” And all of a sudden Red China came into the war as an ally of the Soviet Union. And throwing them into the war brought about our defeat. A crushing defeat, with reparations the likes of which man’s imagination cannot encompass.
Imagine, then, after that defeat, if we found out that it was the Chinese in this country, our Chinese citizens, who all the time we thought they were loyal citizens working with us, were selling us out to the Soviet Union and that it was through them that Red China was brought into the war against us. How would we feel, in the United States against Chinese? I don’t think that one of them would dare show his face on any street. There wouldn’t be lampposts enough, convenient, to take care of them. Imagine how we would feel.
Well, that’s how the Germans felt towards these Jews. “We’ve been so nice to them”; and from 1905 on, when the first Communist revolution in Russia failed, and the Jews had to scramble out of Russia, they all went to Germany. And Germany gave them refuge. And they were treated very nicely. And here they sold Germany down the river for no reason at all other than they wanted Palestine as a so-called “Jewish commonwealth.”
Now, Nahum Sokolow — all the great leaders, the big names that you read about in connection with Zionism today — they, in 1919, 1920, ’21, ’22, and ’23, they wrote in all their papers — and the press was filled with their statements — that “the feeling against the Jews in Germany is due to the fact that they realized that this great defeat was brought about by our intercession and bringing the United States into the war against them.”
The Jews themselves admitted that. It wasn’t that the Germans in 1919 discovered that a glass of Jewish blood tasted better than Coca-Cola or Muenschner Beer. There was no religious feeling. There was no sentiment against those people merely on account of their religious belief. It was all political. It was economic. It was anything but religious.
Nobody cared in Germany whether a Jew went home and pulled down the shades and said “Shema’ Yisrael” or “Our Father.” No one cared in Germany any more than they do in the United States. Now this feeling that developed later in Germany was due to one thing: that the Germans held the Jews responsible for their crushing defeat, for no reason at all, because World War One was started against Germany for no reason for which they [Germans] were responsible. They were guilty of nothing. Only of being successful. They built up a big navy. They built up world trade.
You must remember, Germany, at the time of Napoleon, at the time of the French Revolution, what was the German Reich consisted of 300 — three hundred! — small city-states, principalities, dukedoms, and so forth. Three hundred little separate political entities. And between that time, between the period of. . . between Napoleon and Bismarck, they were consolidated into one state. And within 50 years after that time they became one of the world’s great powers. Their navy was rivalling Great Britain’s, they were doing business all over the world, they could undersell anybody and make better products. And what happened? What happened as a result of that?
There was a conspiracy between England, France, and Russia that: “We must slap down Germany”, because there isn’t one historian in the world that can find a valid reason why those three countries decided to wipe Germany off the map politically. Now, what happened after that?
When Germany realized that the Jews were responsible for her defeat, they naturally resented it. But not a hair on the head of any Jew was harmed. Not a single hair. Professor Tansill, of Georgetown University, who had access to all the secret papers of the State Department, wrote in his book, and quoted from a State Department document written by Hugo Schoenfelt, a Jew who Cordell Hull sent to Europe in 1933 to investigate the so-called camps of political prisoners. And he wrote back that he found them in very fine condition.
They were in excellent shape; everybody treated well. And they were filled with Communists. Well, a lot of them were Jews, because the Jews happened to be maybe 98 per cent of the Communists in Europe at that time. And there were some priests there, and ministers, and labor leaders, Masons, and others who had international affiliations.
Now, the Jews sort of tried to keep the lid on this fact. They didn’t want the world to really understand that they had sold out Germany, and that the Germans resented that.
So they did take appropriate action against them [against the Jews]. They. . . shall I say, discriminated against them wherever they could? They shunned them. The same as we would the Chinese, or the Negroes, or the Catholics, or anyone in this country who had sold us out to an enemy and brought about our defeat.
Now, after a while, the Jews of the world didn’t know what to do, so they called a meeting in Amsterdam. Jews from every country in the world attended in July 1933. And they said to Germany: “You fire Hitler! And you put every Jew back into his former position, whether he was a Communist, no matter what he was. You can’t treat us that way! And we, the Jews of the world, are calling upon you, and serving this ultimatum upon you.” Well, the Germans told them. . . you can imagine. So what did they [the Jews] do?
They broke up, and Samuel Untermyer, if the name means anything to people here. . . (You want to ask a question? — Uh, there were no Communists in Germany at that time. they were called ‘Social Democrats.)
Well, I don’t want to go by what they were called. We’re now using English words, and what they were called in Germany is not very material. . . but they were Communists, because in 1917, the Communists took over Germany for a few days. Rosa Luxembourg and Karl Liebknecht, and a group of Jews in Germany took over the government for three days. In fact, when the Kaiser ended the war, he fled to Holland because he thought the Communists were going to take over Germany as they did Russia, and that he was going to meet the same fate that the Czar did in Russia. So he left and went to Holland for safety and for security.
Now, at that time, when the Communist threat in Germany was quashed, it was quiet, the Jews were working, still trying to get back into their former — their status — and the Germans fought them in every way they could, without hurting a hair on anyone’s head. The same as one group, the Prohibitionists, fought the people who were interested in liquor, and they didn’t fight one another with pistols, they did it every way they could.
Well, that’s the way they were fighting the Jews in Germany. And, at that time, mind you, there were 80 to 90 million Germans and there were only 460,000 Jews. . . less than one half of one percent of Germany were Jews. And yet, they controlled all of the press, they controlled most of the economy, because they had come in and with cheap money — you know the way the Mark was devalued — they bought up practically everything.
Well, in 1933 when Germany refused to surrender, mind you, to the World Conference of Jews in Amsterdam, they broke up and Mr. Untermeyer came back to the United States — who was the head of the American delegation and the president of the whole conference — and he went from the steamer to ABC and made a radio broadcast throughout the United States in which he said:
“The Jews of the world now declare a Holy War against Germany. We are now engaged in a sacred conflict against the Germans. And we are going to starve them into surrender. We are going to use a world-wide boycott against them, that will destroy them because they are dependent upon their export business.”
And it is a fact that two thirds of Germany’s food supply had to be imported, and it could only be imported with the proceeds of what they exported. Their labor. So if Germany could not export, two thirds of Germany’s population would have to starve. There just was not enough food for more than one third of the population.
Now in this declaration, which I have here, it was printed on page — a whole page — in the New York Times on August 7, 1933, Mr. Samuel Untermyer boldly stated that: “this economic boycott is our means of self-defense. President Roosevelt has advocated its use in the NRA” . [National Recovery Administration] — which some of you may remember, where everybody was to be boycotted unless they followed the rules laid down by the New Deal, which of course was declared unconstitutional by the Supreme Court at that time.

https://www.sweetliberty.org/issues/israel/untermeyer.htm
Nevertheless, the Jews of the world declared a boycott against Germany, and it was so effective that you couldn’t find one thing in any store anywhere in the world with the words “made in Germany” on it.
In fact, an executive of the Woolworth Company told me that they had to dump millions of dollars worth of crockery and dishes into the river; that their stores were boycotted. If anyone came in and found a dish marked “made in Germany,” they were picketed with signs: “Hitler”, “murderer”, and so forth, and like — something like these sit-ins that are taking place in the South.
R. H. Macy, which is controlled by a family called Strauss who also happen to be Jews. . . a woman found stockings there which came from Chemnitz, marked “made in Germany”. Well, they were cotton stockings. They may have been there 20 years, because since I’ve been observing women’s legs in the last twenty years, I haven’t seen a pair with cotton stockings on them. So Macy! I saw Macy boycotted, with hundreds of people walking around with signs saying “MURDERS” and “HITLERITES”, and so forth.
Now up to that time, not one hair on the head of any Jew had been hurt in Germany. There was no suffering, there was no starvation, there was no murder, there was nothing.
Now, that. . . naturally, the Germans said, “Why, who are these people to declare a boycott against us and throw all our people out of work, and our industries come to a standstill? Who are they to do that to us?” They naturally resented it. Certainly they painted swastikas on stores owned by Jews.
Why should a German go in and give their money to a storekeeper who was part of a boycott who was going to starve Germany into surrender into the Jews of the world, who were going to dictate who their premier or chancellor was to be? Well, it was ridiculous.
That continued for some time, and it wasn’t until 1938, when a young Jew from Poland walked into the German embassy in Paris and shot one of the officials [a German official] that the Germans really started to get rough with the Jews in Germany. And you found them then breaking windows and having street fights and so forth.
Now, for anyone to say that — I don’t like to use the word ‘anti-Semitism’ because it’s meaningless, but it means something to you still, so I’ll have to use it — the only reason that there was any feeling in Germany against Jews was that they were responsible: number one, for World War One; number two, for this world-wide boycott, and number three — did I say for World War One, they were responsible? For the boycott — and also for World War II, because after this thing got out of hand, it was absolutely necessary for the Jews and Germany to lock horns in a war to see which one was going to survive.
In the meanwhile, I had lived in Germany, and I knew that the Germans had decided [that] Europe is going to be Christian or Communist: there is no in between. It’s going to be Christian or it’s going to be Communist. And the Germans decided: “We’re going to keep it Christian if possible”. And they started to re-arm.
And there intention was — by that time the United States had recognized the Soviet Union, which they did in November, 1933 — the Soviet Union was becoming very powerful, and Germany realized: “Well, our turn is going to come soon, unless we are strong.” The same as we in this country are saying today, “Our turn is going to come soon, unless we are strong.”
And our government is spending 83 or 84 billion dollars of your money for defense, they say. Defense against whom? Defense against 40,000 little Jews in Moscow that took over Russia, and then, in their devious ways, took over control of many other governments of the world.
Now, for this country to now be on the verge of a Third World War, from which we cannot emerge a victor, is something that staggers my imagination. I know that nuclear bombs are measured in terms of megatons. A megaton is a term used to describe one million tons of TNT. One million tons of TNT is a megaton. Now, our nuclear bombs have a capacity of 10 megatons, or 10 million tons of TNT. That was when they were first developed five or six years ago. Now, the nuclear bombs that are being developed have a capacity of 200 megatons, and God knows how many megatons the nuclear bombs of the Soviet Union have.
So, what do we face now? If we trigger a world war that may develop into a nuclear war, humanity is finished. And why will it take place? It will take place because Act III. . . the curtain goes up on Act III. Act I was World War I. Act II was World War II. Act III is going to be World War III.
The Jews of the world, the Zionists and their co-religionists everywhere, are determined that they are going to again use the United States to help them permanently retain Palestine as their foothold for their world government. Now, that is just as true as I am standing here, because not alone have I read it, but many here have read it, and it’s known all over the world.
Now, what are we going to do? The life you save may be your son’s. Your boys may be on their way to that war tonight; and you you don’t know it any more than you knew that in 1916 in London the Zionists made a deal with the British War Cabinet to send your sons to war in Europe. Did you know it at that time? Not a person in the United States knew it. You weren’t permitted to know it.
Who knew it? President Wilson knew it. Colonel House knew it. Other ‘s knew it. Did I know it? I had a pretty good idea of what was going on: I was liaison to Henry Morgenthau, Sr., in the 1912 campaign when President Wilson was elected, and there was talk around the office there.
I was ‘confidential man’ to Henry Morgenthau, Sr., who was chairman of the Finance Committee, and I was liaison between him and Rollo Wells, the treasurer. So I sat in these meetings with President Wilson at the head of the table, and all the others, and I heard them drum into President Wilson’s brain the graduated income tax and what has become the Federal Reserve, and also indoctrinate him with the Zionist movement.
Justice Brandeis and President Wilson were just as close as the two fingers on this hand, and President Woodrow Wilson was just as incompetent when it came to determining what was going on as a newborn baby. And that’s how they got us into World War I, while we all slept.
Now, at this moment… at this moment they may be planning this World War III, in which we don’t stand a chance even if they don’t use nuclear bombs. How can the United States — about five percent of the world — go out and fight eighty to ninety percent of the world on their home ground? How can we do it… send our boys over there to be slaughtered? For what? So the Jews can have Palestine as their ‘commonwealth’? They’ve fooled you so much that you don’t know whether you’re coming or going.
Now any judge, when he charges a jury, says, “Gentlemen, any witness that you find has told a single lie, you can disregard all his testimony.” That is correct. I don’t know from what state you come, but in New York state that is the way a judge addresses a jury. If that witness said one lie, disregard his testimony.
Now, what are the facts about the Jews?
The Jews — I call them Jews to you, because they are known as Jews. I don’t call them Jews. I refer to them as so-called Jews, because I know what they are. If Jesus was a Jew, there isn’t a Jew in the world today, and if those people are Jews, certainly our Lord and Savior was not one of them, and I can prove that.
Now what happened? The eastern European Jews, who form 92 per cent of the world’s population of those people who call themselves Jews, were originally Khazars.
They were a warlike tribe that lived deep in the heart of Asia. And they were so warlike that even the Asiatics drove them out of Asia into eastern Europe — and to reduce this so you don’t get too confused about the history of Eastern Europe — they set up this big Khazar kingdom: 800,000 square miles. Only, there was no Russia, there were no other countries, and the Khazar kingdom was the biggest country in all Europe — so big and so powerful that when the other monarchs wanted to go to war, the Khazars would lend them 40,000 soldiers. That’s how big and powerful they were.
Now, they were phallic worshippers, which is filthy. I don’t want to go into the details of that now. It was their religion the way it was the religion of many other Pagans or Barbarians elsewhere in the world.
Now, the [Khazar] king became so disgusted with the degeneracy of his kingdom that he decided to adopt a so-called monotheistic faith — either Christianity, Islam — the Moslem faith — or what is known today as Judaism — really Talmudism. So, like spinning a top and calling out “eeny, meeny, miney, moe,” he picked out so-called Judaism. And that became the state religion.
He sent down to the Talmudic schools of Pumbedita and Sura and brought up thousands of these rabbis with their teachings, and opened up synagogues and schools in his kingdom of 800,000 people — 800,000 thousand square miles — and maybe ten to twenty million people; and they became what we call Jews. There wasn’t one of them that had an ancestor that ever put a toe in the Holy Land, not only in Old Testament history, but back to the beginning of time. Not one of them! And yet they come to the Christians and they ask us to support their armed insurrection in Palestine by saying:
“Well, you want to certainly help repatriate God’s chosen people to their Promised Land, their ancestral homeland, It’s your Christian duty. We gave you one of our boys as your Lord and Savior. You now go to church on Sunday, and kneel and you worship a Jew, and we’re Jews.”
Well, they were pagan Khazars who were converted just the same as the Irish [were converted]. And it’s just as ridiculous to call them “people of the Holy Land,” as it would be. . . there are 54 million Chinese Moslems. Fifty four million! And, Mohammed only died in 620 A.D., so in that time, 54 million Chinese have accepted Islam as their religious belief.
Now imagine, in China, 2,000 miles away from Arabia, where the city of Mecca is located, where Mohammed was born. . . imagine if the 54 million Chinese called themselves ‘Arabs’. Imagine! Why, you’d say they’re lunatics. Anyone who believes that those 54 million Chinese are Arabs must be crazy. All they did was adopt as a religious faith; a belief that had its origin in Mecca, in Arabia.
The same as the Irish. When the Irish became Christians, nobody dumped them in the ocean and imported from the Holy Land a new crop of inhabitants that were Christians. They weren’t different people. They were the same people, but they had accepted Christianity as a religious faith.
Now, these Pagans, these Asiatics, these Turko-Finns. . . they were a Mongoloid race who were forced out of Asia into eastern Europe. They likewise, because their king took the faith — Talmudic faith — they had no choice. Just the same as in Spain: If the king was Catholic, everybody had to be a Catholic. If not, you had to get out of Spain. So everybody — they lived on the land just like the trees and the bushes; a human being belonged to the land under their feudal system — so they [Khazars] all became what we call today, Jews!
Now imagine how silly it was for the Christians. . . for the great Christian countries of the world to say, “We’re going to use our power, our prestige to repatriate God’s chosen people to their ancestral homeland, their Promised Land.”
Now, could there be a bigger lie than that? Could there be a bigger lie than that?
And because they control the newspapers, the magazines, the radio, the television, the book publishing business, they have the ministers in the pulpit, they have the politicians on the soap boxes talking the same language . . . so naturally you’d believe black is white if you heard it often enough. You wouldn’t call black black anymore — you’d start to call black white. And nobody could blame you.
Now, that is one of the great lies. . . that is the foundation of all the misery that has befallen the world. Because after two wars fought in Europe — World War I and World War II — if it wasn’t possible for them to live in peace and harmony with the people in Europe, like their brethren are living in the United States, what were the two wars fought for? Did they have to — like you flush the toilet — because they couldn’t get along, did they have to say, “Well, we’re going back to our homeland and you Christians can help us”?
I can’t understand yet how the Christians in Europe could have been that dumb because every theologian, every history teacher, knew the things that I’m telling you. But, they naturally bribed them, shut them up with money, stuffed their mouths with money, and now. . . I don’t care whether you know all this or not. It doesn’t make any difference to me whether you know all these facts or not, but it does make a difference to me. I’ve got, in my family, boys that will have to be in the next war, and I don’t want them to go and fight and die… like they died in Korea. Like they died in Japan. Like they’ve died all over the world. For what?
To help crooks hold on to what they stole from innocent people who had been in peaceful possession of that land, those farms, those homes for hundreds and maybe thousands of years? Is that why the United States must go to war? Because the Democratic Party wants New York State — the electoral vote? Illinois, the electoral vote? And Pennsylvania, the electoral vote?… which are controlled by the Zionists and their co-religionists?. . . the balance of power?
In New York City there are 400,000 members of the liberal party, all Zionists and their co-religionists. And New York State went for Kennedy by 400,000 votes. Now, I don’t blame Mr. Kennedy. I’m fond of Mr. Kennedy. I think he’s a great man. I think he can really pull us out of this trouble if we get the facts to him. And I believe he knows a great deal more than his appointments indicate he knows. He’s playing with the enemy. Like when you go fishing, you’ve got to play with the fish. Let ’em out and pull ’em in. Let ’em out and pull ’em in. But knowing Mr. Kennedy’s father, and how well informed he is on this whole subject, and how close Kennedy is to his father, I don’t think Mr. Kennedy is totally in the dark.
But I do think that it is the duty of every mother, every loyal Christian , every person that regards the defense of this country as a sacred right, that they communicate — not with their congressman, not with their senator, but with President Kennedy. And tell him, “I do not think you should send my boy, or our boys, wearing the uniform of the United States of America, and under the flag that you see here, our red, white and blue, to fight there to help keep in the hands of these that which they have stolen”. I think everyone should not alone write once, but keep writing and get your friends to write.
Now, I could go on endlessly, and tell you these things to support what I have just asked you to do. But I don’t think it’s necessary to do that. You’re above the average group in intelligence and I don’t think it’s necessary to impress this any more.
But. . . I want to tell you one more thing. You talk about… “Oh, the Jews. Why the Jews? Christianity. Why, we got Christianity from the Jews and the Jews gave us Jesus, and the Jews gave us our religion”. But do you know that on the day of atonement that you think is so sacred to them, that on that day… and I was one of them! This is not hearsay. I’m not here to be a rabble-rouser. I’m here to give you facts.
When, on the Day of Atonement, you walk into a synagogue, the very first prayer that you recite, you stand — and it’s the only prayer for which you stand — and you repeat three times a short prayer. The Kol Nidre. In that prayer, you enter into an agreement with God Almighty that any oath, vow, or pledge that you may make during the next twelve months — any oath, vow or pledge that you may take during the next twelve months shall be null and void.
The oath shall not be an oath; the vow shall not be a vow; the pledge shall not be a pledge. They shall have no force and effect, and so forth and so on.
And further than that, the Talmud teaches: “Don’t forget — whenever you take an oath, vow, and pledge — remember the Kol Nidre prayer that you recited on the Day of Atonement, and that exempts you from fulfilling that”.
How much can you depend on their loyalty? You can depend upon their loyalty as much as the Germans depended upon it in 1916.
And we’re going to suffer the same fate as Germany suffered, and for the same reason. You can’t depend upon something as insecure as the leadership that is not obliged to respect an oath, vow or pledge. Now I could go on and recite many other things to you, but I would have a little respect for your time, and you want to really, uh, get through with all of this. Tomorrow’s going to be a long day.
Now I want to say one thing. You ask me. . . well, you think to yourself: “well how did this fellow get mixed up in this the way he got mixed up in it.” Well, I opened my mouth in 1945, and I took big pages in newspapers and tried to tell the American people what I’m telling you. And one newspaper after another refused the advertisement. And when I couldn’t find a newspaper to take them — I paid cash, not credit — what happened? My lawyer told me, “There’s an editor over in Jersey with a paper who will take your announcement”. So, I was brought together with Mr. McGinley, and that’s how I met him.
So somebody told me the lawyer who introduced me, who was the son of the Dean of the Methodist Bishop, he said: “Well, I think he’s a little anti-Semitic. I don’t know whether I can get him over here. So he brought him over to my apartment and we hit it off wonderfully, and have since then.
Now, I say this, and I say it without any qualifications. I say it without any reservations. And I say it without any hesitation. . . if it wasn’t for the work that Mr. Conley McGinley did with “Common Sense” — he’s been sending out from 1,800,000 to 2,000,000 every year — if it wasn’t for the work he’s been doing sending those out for fifteen years now, we would already be a communist country. Nobody has done what he did to light fires. Many of the other active persons in this fight learned all about if for the first time through “Common Sense”.
Now, I have been very active in helping him all I could. I’m not as flush as I was. I cannot go on spending the money. . . I’m not going to take up a collection. Don’t worry. I see five people getting up to leave. (laughter)
I haven’t got the money that I used to spend. I used to print a quarter of a million of them out of my own pocket and send them out. Mr. McGinley, when I first met him, had maybe 5,000 printed and circulated them locally. So I said, “With what you know and what I know, we can really do a good job”. So I started printing in outside shops of big newspaper companies, a quarter of a million, and paid for them. Well, there’s always a bottom to the barrel. I suppose we’ve all reached that at times.
I’m not so poor that I can’t live without working and that’s what worries the Anti-Defamation League. I can just get by without going and asking for a job or getting on the bread line. But Mr. McGinley is working. He’s sick and he’s going at this stronger than ever. And all I want to say is that they want to close up “Common Sense” more than any other single thing in the whole world, as a death-blow to the fight Christians are making to survive.
So I just want to tell you this. All they do is circulate rumors: “Mr. Benjamin H. Freedman is the wealthy backer of ‘Common Sense’.” The reason they do that is to discourage the people in the United States: don’t send any money to Common Sense. They don’t need it. The’ve got the wealthy Mr. Freedman as a backer. That all has strategy. They don’t want to advertise me so that people that have real estate or securities to sell will come and call on me. They just want people to lay off “Common Sense”. And all I’m telling you is, I do try to help him, but I haven’t been able to. And I will be very honest. One thing I won’t do is lie. In the last year I’ve had so much sickness in my family that I could not give him one dollar.
How he’s managed to survive, I don’t know. God alone knows. And he must be in God’s care because how he’s pulled through his sickness and with his financial troubles, I don’t know. But that press is working. . . and every two weeks about a hundred or a hundred-fifty-thousand of “Common Sense” go out with a new message. And if that information could be multiplied. . . if people that now get it could buy ten or twenty five, or fifty, give them around. Plow that field. Sow those seeds, you don’t know which will take root, but for God’s sake, this is our last chance.
[Freedman then discusses the importance of people forgoing unnecessary purchases to ‘buy more stuff’, play golf, etc., and use the money to keep “Common Sense” going. He explains that the paper is going in debt; could be closed down and he (Freedman) no longer has the funds, having spent some $2,400,000 in his attempt to bring the information to the American public and elected officials. He then asks for questions from the audience.)…..

[End of transcript of Benjamin Freedman speech, given in 1961 at the Willard Hotel in Washington, D.C., on behalf of Conde McGinley’s patriotic newspaper of that time, Common Sense.]

 

White Rabbits, White Pickups and White Washes: Police Incompetence

I watched with horror on the TV news the other night as Police officers in Providence pursued a white pickup truck, based on information that an escaped felon had abandoned a stolen Police car in favour of a “a white pickup”. "white pickup"

Now, I don’t know how many “white pickups” are cruising the streets over there, but there must be a few. In this case the Law picked a seemingly random target and chose to pursue it in typical “cops and robbers, reality TV” dramatic style. The result was disastrous, incompetent and an unnecessary Judge Dredd style execution., despite the claims that it was necessary “to protect the public”.

https://www.usnews.com/news/best-states/rhode-island/articles/2017-11-10/police-no-weapons-found-in-truck-officers-shot-on-i-95

In this day and age of high tech law enforcement gadgetry that would make Batman envious, surely there are more efficient methods of dealing with suspects who fail to pull over and co operate? We can read a license plate from outer space; we have surveillance drones that can outpace a Lamborghini; some vehicles can be remotely disabled.

How hard would it have been to follow the pickup truck to it’s destination covertly and without fuss?

Better still, do a quick of ALL white pickup trucks in the area and track them until you get the RIGHT white pickup?

As for the claim that the guy had to shot and killed (he was unarmed) because he was endangering the public? Shoot the car’s tires out? Shoot to disable as a last resort? Hell, they fired FORTY rounds into this guy, and wounded his passenger in the process.

There is no justification whatsoever for the incompetent and inefficient procedures that were followed during this failed attempt to apprehend the wrong guy, in the wrong car, at the wrong place and time.

Whether he had good reason to evade the police or whether he just panicked, we may never know.

Dead men tell no tales.

Martin H

 

MUST SEE President Trump’s Unforgettable Speech to South Korean National Assembly 11/7/17

President Donald Trump delivers an unforgettable speech in South Korea, extending what may be the final olive branch to Kim Jung Un’s North Korea regime 🇺🇸🇰🇷
National Assembly, Seoul, South Korea

Article from Washington Post:

The U.S. president directly addressed his 33-year-old nemesis in a speech to South Korea’s National Assembly. This time, Trump did not call Kim “Little Rocket Man” or use the kinds of rhetorical flourishes that play so well on Twitter.

But the words that Trump did use cut deeper, because they struck at the very heart of the Kim regime.
If there is one thing that Kim has shown he cannot tolerate, it is personal criticism.
“North Korea is not the paradise your grandfather envisioned,” Trump said to Kim, who, if he was in Pyongyang, was just 120 miles away. “It is a hell that no person deserves.”
Kim Il Sung, who is revered like a god in North Korean propaganda, established the country in 1948 as a “socialist paradise” of free housing, health care and education where people would want for nothing. Grandson Kim Jong Un claims his legitimacy as North Korea’s supreme leader by virtue of being a direct descendant of this quasi-deity.
Trump devoted a large part of his address to detailing the human rights abuses that the Kims have committed in North Korea, filling his speech with words such as “twisted,” “sinister,” “tyrant,” “fascism” and “cult.”
“I wanted to stand up from my seat and shout ‘Yahoo!’ ” said Lee Hyeon-seo, an escapee from North Korea who was sitting in the assembly hall during Trump’s address. “We just don’t hear people talking about North Korea in this way in South Korea, so I was very emotional during the speech. I was very impressed.”

In front of a National Assembly ruled by a left-wing party that favors engagement with North Korea and seeks to avoid antagonizing the regime, Trump noted the slave-like conditions North Korean workers face, the malnutrition among children, the suppression of religion and the forced-labor prison camps where he said North Koreans endure “torture, starvation, rape and murder on a constant basis.”
Other advocates for North Koreans expressed hope that Trump’s remarks would remind the world that the country is home not just to a dictator with nuclear weapons but also to 25 million people who suffer under him.
“President Trump spoke about human rights in North Korea more than any other previous U.S. president,” said Jeong Kwang-il, who was held as a political prisoner in North Korea and now runs the No Chain for North Korea human rights group in Seoul. “I’m hopeful that American policy toward North Korea will focus more on improving human rights there.”
The president did not mince words about the way the Kim regime has managed to retain its grip on the populace.
“North Korea is a country ruled as a cult,” he said. “At the center of this military cult is a deranged belief in the leader’s destiny to rule as parent-protector over a conquered Korean Peninsula and an enslaved Korean people.”
The success of South Korea discredited “the dark fantasy at the heart of the Kim regime,” Trump said.
It is hard to exaggerate the reverence with which North Koreans are forced to treat the Kim family. Every home and all public buildings must display portraits of Kim Il Sung and his son Kim Jong Il that must be cleaned only with a special cloth. North Koreans must bow at monuments to the leaders and sing songs celebrating their supposedly legendary feats.
There is no escaping the Kims and the narrative that they have created a utopia that is the envy of the world.
So to suggest that the regime is founded on a “fantasy” and that the country is something other than a socialist paradise amounts to heresy in North Korea.
“This speech made the ‘axis of evil’ speech look friendly,” said John Delury, a professor of international relations at Yonsei University in Seoul, referring to President George W. Bush’s 2002 State of the Union speech, in which he included North Korea as a country seeking weapons of mass destruction. “That sent a signal to Pyongyang that the Americans are not open to changing their relationship with North Korea and that the president was deeply hostile and ideologically hostile to them.”
But others saw an opening from Trump, with his suggestion that there is a way out of the quagmire. “Despite every crime you have committed against God and man . . . we will offer a path to a much better future,” Trump said, noting that this would require total denuclearization.
Victor Cha, tipped to be Trump’s nominee for ambassador to South Korea, wrote on Twitter that the president publicly offered a “diplomacy exit ramp” to the Kim regime.
At a news conference with South Korean President Moon Jae-in the previous day, Trump urged North Korea “to come to the table” and “do the right thing, not only for North Korea but for humanity all over the world.”
At recent meetings near Geneva and in Moscow, Pyongyang’s representatives have signaled an interest in talks with the United States — as long as those talks are not about denuclearization, a nonstarter for Washington.
The regime in Pyongyang is likely to react angrily to Trump’s speech.
After Trump threatened at the U.N. General Assembly in September to “totally destroy” North Korea and mocked Kim as “Rocket Man,” Kim took the unprecedented step of releasing a statement in his own name, calling Trump a “mentally deranged U.S. dotard” who would “pay dearly” for his threats.
At the same time, North Korea’s foreign minister said the country might detonate a nuclear device over the Pacific.
A U.N. commission of inquiry once charged that the blame for North Korea’s human rights abuses went all way to the top of the leadership, leading to calls for Kim Jong Un to be referred to the International Criminal Court for crimes against humanity.
That prompted North Korean officials to respond publicly to questions about human rights conditions in a way they had not before — a clear attempt to defend the dignity of their leader.
“North Korea tends to react sensitively to criticism in human rights,” said Cheong Seong-chang, director of the unification strategy program at the Sejong Institute, a private think tank in South Korea.
He predicted that the response this time would be especially sharp because of the time that Trump spent talking about North Korea and the detail he went into, plus the president’s repeated calls for the world to isolate the country.
“North Korea is highly likely to take Trump’s address as a declaration of war and call for a holy war of its own against the U.S.,” Cheong said.

https://www.washingtonpost.com

 

Up To Six Killed In NY Attack + UPDATE 2/11/17

This just popped up on my MSN propaganda feed: no doubt a clearer (or murkier?) picture will emerge shortly.

Up to six people have been killed in New York after a truck was driven into people using a busy bike path in New York, reports say.
Police have confirmed there have been “several fatalities” after the truck was driven down a cycle/pedestrian path, striking multiple people.
The truck then collided with another vehicle, and the driver got out. Police said the man had imitation firearms and was shot by officers at the scene.
The suspect is now in custody.
Police urged people to avoid the area as a major emergency services operation was under way.
CNN reported sources said up to six people were killed, while local news channel PIX 11 said at least five people had been hurt.

https://rnz.liveblog.pro/lb-rnz/blogs/59f8d61f0af9813af6b02f14/index.html?liveblog._id=urn:newsml:localhost:2017-10-31T21:55:38.995000:4bc2675d-5360-4a1c-88c0-e189df9a3b4a->editorial

UPDATE: http://www.dailymail.co.uk/news/article-5037279/Truck-driver-terror-attack-Uzbek-national-aged-29.html

A Contact “Jack” Emailed the following comments:

“Another fake terrorist attack, part of a nefarious plan to turn the United States into a full-blown fascist police state.

You will see these propaganda statements in this link above; “A federal law enforcement source told CBS NEWS the a note was found in the suspect’s truck that made reference to ISIS.” Well, well well, doesn’t that does sound familiar! – as it seems every second terrorist suspect in these sorts of government inspired events just happens to leave a note. Then they have the cheek to show this ISIS inspired terrorist, apparently called Saipov, plainly pictured moments after crashing and killing 8 people holding a PAINTBALL GUN and a PELLET GUN!!!!!!!!!!!!!!!!!!!!!

Now if you will believe this orchestrated claptrap you will believe anything! Firstly, if he really was a member of ISIS, and the fact real firearms are so easy to get hold of in the US, I can assure you he would not be that insane to be carrying just a paintball gun and BB gun. Which ever way you look at these media reports they are lying through their teeth. A CIA Manchurian candidate and plant, yes. A genuine ISIS terrorist no.

And to top it off, New York Mayor Bill de Blasio and New York Governor Andrew Cuomo “praying for those killed.” Are you kidding me? These two are among the greatest pagans to set foot on Manhattan!”

(Source: Jack)

Regulation Is Killing Community Banks. Public Ownership Can Revive Them.

Regulation Is Killing Community Banks. Public Ownership Can Revive Them.

Crushing regulations are driving small banks to sell out to the megabanks, a consolidation process that appears to be intentional. Publicly owned banks can help avoid that trend and keep credit flowing in local economies.
At his confirmation hearing in January 2017, Treasury Secretary Stephen Mnuchin said, “regulation is killing community banks.” If the process is not reversed, he warned, we could “end up in a world where we have four big banks in this country.” That would be bad for both jobs and the economy. “I think that we all appreciate the engine of growth is with small and medium-sized businesses,” said Mnuchin. “We’re losing the ability for small- and medium-sized banks to make good loans to small and medium-sized businesses in the community, where they understand those credit risks better than anybody else.”
The number of U.S. banks with assets under $100 million dropped from 13,000 in 1995 to under 1,900 in 2014. The regulatory burden imposed by the 2010 Dodd-Frank Act exacerbated this trend, with community banks losing market share at double the rate during the four years after 2010 as in the four years before. But the number had already dropped to only 2,625 in 2010. What happened between 1995 and 2010?
Six weeks after Sept. 11, 2001, the 1,100 page Patriot Act was dropped on congressional legislators, who were required to vote on it the next day. The Patriot Act added provisions to the 1970 Bank Secrecy Act that not only expanded the federal government’s wiretapping and surveillance powers but outlawed the funding of terrorism, imposing greater scrutiny on banks and stiff criminal penalties for non-compliance. Banks must now collect and verify customer-provided information, check names of customers against lists of known or suspected terrorists, determine risk levels posed by customers, and report suspicious persons, organizations and transactions. One small banker complained that banks have been turned into spies secretly reporting to the federal government. If they fail to comply, they can face stiff enforcement actions, whether or not actual money-laundering crimes are alleged.

In 2010, one small New Jersey bank pleaded guilty to conspiracy to violate the Bank Secrecy Act and was fined $5 million for failure to file suspicious-activity and cash-transaction reports. The bank was acquired a few months later by another bank. Another small New Jersey bank was ordered to shut down a large international wire transfer business because of deficiencies in monitoring for suspicious transactions. It closed its doors after it was hit with $8 million in fines over its inadequate monitoring policies.
Complying with the new rules demands a level of technical expertise not available to ordinary mortals, requiring the hiring of yet more specialized staff and buying more anti-laundering software. Small banks cannot afford the risk of massive fines or the added staff needed to avoid them, and that burden is getting worse. In February 2017, the Financial Crimes Enforcement Network proposed a new rule that would add a new category requiring the flagging of suspicious “cyberevents.” According to an April 2017 article in American Banker:

[T]he “cyberevent” category requires institutions to detect and report all varieties of digital mischief, whether directed at a customer’s account or at the bank itself. …
Under a worst-case scenario, a bank’s failure to detect a suspicious [email] attachment or a phishing attack could theoretically result in criminal prosecution, massive fines and additional oversight.

One large bank estimated that the proposed change with the new cyberevent reporting requirement would cost it an additional $9.6 million every year.
Besides the cost of hiring an army of compliance officers to deal with a thousand pages of regulations, banks have been hit with increased capital requirements imposed by the Financial Stability Board under Basel III, eliminating the smaller banks’ profit margins. They have little recourse but to sell to the larger banks, which have large compliance departments and can skirt the capital requirements by parking assets in off-balance-sheet vehicles.
In a September 2014 article titled “The FDIC’s New Capital Rules and Their Expected Impact on Community Banks,” Richard Morris and Monica Reyes Grajales noted that “a full discussion of the rules would resemble an advanced course in calculus,” and that the regulators have ignored protests that the rules would have a devastating impact on community banks. Why? The authors suggested that the rules reflect “the new vision of bank regulation—that there should be bigger and fewer banks in the industry.” That means bank consolidation is an intended result of the punishing rules.
House Financial Services Committee Chairman Jeb Hensarling, sponsor of the Financial CHOICE Act downsizing Dodd-Frank, concurs. In a speech in July 2015, he said:
Since the passage of Dodd-Frank, the big banks are bigger and the small banks are fewer. But because Washington can control a handful of big established firms much easier than many small and zealous competitors, this is likely an intended consequence of the Act. Dodd-Frank concentrates greater assets in fewer institutions. It codifies into law ‘Too Big to Fail’ … . [Emphasis added.]
Dodd-Frank institutionalizes “too big to fail” by authorizing the biggest banks to “bail in” or confiscate their creditors’ money in the event of insolvency. The legislation ostensibly reining in the too-big-to-fail banks has just made them bigger. Wall Street lobbyists were well known to have their fingerprints all over Dodd-Frank.
Restoring Community Banking: The Model of North Dakota
Killing off the community banks with regulation means killing off the small and medium-size businesses that rely on them for funding, along with the local economies that rely on those businesses. Community banks service local markets in a way that the megabanks with their standardized lending models are not interested in or capable of.
How can the community banks be preserved and nurtured? For some ideas, we can look to a state where they are still thriving—North Dakota. In an article titled “How One State Escaped Wall Street’s Rule and Created a Banking System That’s 83% Locally Owned,” Stacy Mitchell writes that North Dakota’s banking sector bears little resemblance to that of the rest of the country:

With 89 small and mid-sized community banks and 38 credit unions, North Dakota has six times as many locally owned financial institutions per person as the rest of the nation. And these local banks and credit unions control a resounding 83 percent of deposits in the state—more than twice the 30 percent market share that small and mid-sized financial institutions have nationally.

Their secret is the century-old Bank of North Dakota (BND), the nation’s only state-owned depository bank, which partners with and supports the state’s local banks. In an April 2015 article titled “Is Dodd-Frank Killing Community Banks? The More Important Question is How to Save Them,” Matt Stannard writes:
Public banks offer unique benefits to community banks, including collateralization of deposits, protection from poaching of customers by big banks, the creation of more successful deals, and … regulatory compliance. The Bank of North Dakota, the nation’s only public bank, directly supports community banks and enables them to meet regulatory requirements such as asset to loan ratios and deposit to loan ratios. … [I]t keeps community banks solvent in other ways, lessening the impact of regulatory compliance on banks’ bottom lines.
We know from FDIC data in 2009 that North Dakota had almost 16 banks per 100,000 people, the most in the country. A more important figure, however, is community banks’ loan averages per capita, which was $12,000 in North Dakota, compared to only $3,000 nationally. … During the last decade, banks in North Dakota with less than $1 billion in assets have averaged a stunning 434 percent more small business lending than the national average.
The BND has been very profitable for the state and its citizens—more profitable, according to the Wall Street Journal, than JPMorgan Chase and Goldman Sachs. The BND does not compete with local banks but partners with them, helping with capitalization and liquidity and allowing them to take on larger loans that would otherwise go to larger out-of-state banks.
In order to help rural lenders with regulatory compliance, in 2011 the BND was directed by the state legislature to get into the rural home mortgage origination business. Rural banks that saw only three to five mortgages a year could not shoulder the regulatory burden, leading to business lost to out-of-state banks. After a successful pilot program, SB 2064, establishing the Mortgage Origination Program, was signed by North Dakota’s governor on April 3, 2013. It states that the BND may establish a residential mortgage loan program under which the Bank may originate residential mortgages if private sector mortgage loan services are not reasonably available. Under this program a local financial institution or credit union may assist the Bank in taking a loan application, gathering required documents, ordering required legal documents, and maintaining contact with the borrower. At a hearing on the bill, Rick Clayburgh, President of the North Dakota Bankers Association, testified in its support:

Over the past years because of the regulatory burdens our banks face by the passage of Dodd Frank, and now the creation of the Consumer Financial Protection Bureau, it has become very prohibitive for a number of our banks to provide residential mortgage services anymore. We two years ago worked both with the Independent Community Bankers Association, and our Association and the Bank of North Dakota to come up with the idea in this program to help the bank provide services into the parts of the state that really residential mortgaging has seized up. We have a number of our banks that have terminated doing mortgage loans in their communities. They have stopped the process because they cannot afford to be written up by their regulator.

Under the Mortgage Origination Program, local banks get paid what is essentially a finder’s fee for sending rural mortgage loans to the BND. If the BND touches the money first, the onus is on it to deal with the regulators, something it can afford to do by capitalizing on economies of scale. The local bank thus avoids having to deal with regulatory compliance while keeping its customer.
The BND is the only model of a publicly-owned depository bank in the US; but in Germany, the publicly-owned Sparkassen banks operate a network of over 15,600 branches and are the financial backbone supporting Germany’s strong local business sector. In the matter of regulatory compliance, they too capitalize on economies of scale, by providing a compliance department that pools resources to deal with the onerous regulations imposed on banks by the EU.
The BND and the Sparkassen are proven models for maintaining the viability of local credit and banking services. It is time other states followed North Dakota’s lead, not only to protect their local communities and local banks, but to bolster their revenues, escape the noose of Washington and Wall Street, and provide a bail-in-proof depository for their public funds.

Ellen Brown is an attorney, founder of the Public Banking Institute, a Senior Fellow of the Democracy Collaborative, and author of 12 books, including “Web of Debt” and “The Public Bank Solution.” A 13th book titled “The Coming Revolution in Banking” is due out this winter. She also co-hosts a radio program on PRN.FM called “It’s Our Money.” Her 300-plus blog articles are posted at EllenBrown.com.

High Strangeness: The Trump/Titor Time Travel Case

If you’ve never heard the story of John Titor, here’s the basics:

Now you have the basics the “John Titor” story, get ready for one of the weirdest yet most intriguing cases to ever endure on the internet. And it is so strangely plausible……!! These three videos are a series, so please watch all of them, they are worth the time.

Antifa Uprising Same Day As EMP Drill: Coincidence?

 

%d bloggers like this: